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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, May 5, 2023, Vol. 27, No. 124

                            Headlines

634 WILSON: Seeks Cash Collateral Access
AEARO TECHNOLOGIES: Veterans Aim to Resume Earplugs Mediation Talks
AFSHARFIRM LLC: Court OKs Interim Cash Collateral Access
AL NGPL: S&P Affirms 'B+' Issuer Credit Rating, Outlook Stable
ARK LABORATORY: U.S. Trustee Appoints Creditors' Committee

AVANTOR INC: S&P Alters Outlook to Stable, Affirms 'BB+' ICR
AVENTIV TECHNOLOGIES: S&P Places 'CCC+' ICR on Watch Positive
BARTECH GROUP: Court OKs Cash Collateral Access Thru May 19
BED BATH & BEYOND: Court OKs $240MM DIP Loan from Sixth Street
BEVERLY COMMUNITY HOSPITAL: U.S. Trustee Ordered to Appoint PCO

BLOCKFI INC: $275 Million Alternative Cash Deposits Okayed
BW GAS: Moody's Lowers CFR to B3 & Alters Outlook to Stable
CERTIFIED 360: Case Summary & Nine Unsecured Creditors
CLOVIS ONCOLOGY: To Seek Plan Confirmation on May 25
COLORADO EDUCATIONAL: Moody's Rates 2023A/B Revenue Bonds 'Ba2'

CRYPTO CO: Anthony Strickland Quits as Director
CRYPTO CO: Receives Notice of Default From Coventry
DIOCESE OF ALBANY: Committee Taps Lemery Greisler as Counsel
EARTH HOUSE: No Change in Patient Care, 3rd PCO Report Says
EARTHSTONE ENERGY: Fitch Affirms 'B+' LongTerm IDR, Outlook Stable

ELIZABETH JANE: Angela Shortall Named Subchapter V Trustee
FIRST QUANTUM: S&P Affirms 'B+' Long-Term ICR, Outlook Negative
FIVE64 LLC: $650,000 DIP Loan from Cartwheel Has Interim OK
FXI HOLDINGS: S&P Upgrades ICR to 'CCC+' on Distressed Exchange
GENESIS GLOBAL: Wants Chapter 11 Mediator to Deal With Creditors

GLOBAL ENERGIES: 11th Circ. Won't Revive Chapter 11 Petition Fight
GWG HOLDINGS: Class 4(a) Unsecureds to Get 8.5% to 21.9% of Claims
HEARTLAND DENTAL: Moody's Affirms 'B3' CFR, Outlook Stable
IMPERVA INC: Moody's Affirms 'B3' CFR & Alters Outlook to Negative
INTEGRATED COOLING: U.S. Trustee Unable to Appoint Committee

INTELSAT SA: Insider Trading Lawsuit Falls Short for Shareholders
JACK GRAY LOGISTICS: Involuntary Chapter 11 Case Summary
JACK GRAY TRANSPORTATION: Involuntary Chapter 11 Case Summary
JNJ HOME: Seeks to Hire Charles A. Higgs as Litigation Counsel
JNJ HOME: Seeks to Hire James J. Rufo as Bankruptcy Counsel

KINGS 828 TRUCKING: Scott Seidel Named Subchapter V Trustee
LEGACY CONSTRUCTION: Court OKs Cash Collateral Access Thru May 9
LIBERTY POWER: General Unsecured Creditors Get Nothing in Plan
LIBERTY POWER: Wins Approval to Solicit Votes on Plan
LUMINOUS MOBILE: Kimberly Clayson Named Subchapter V Trustee

MARKING IMPRESSIONS: Glen Watson Named Subchapter V Trustee
MIKE JOHNSON AZ: James Cross Named Subchapter V Trustee
MISSISSIPPI CENTER: Court Directs U.S. Trustee to Appoint PCO
MRC GLOBAL: S&P Places 'B' Issuer Credit Rating on Watch Negative
NEOSHO CONCRETE: Seeks to Hire Sprenkle Engineering Services

NORTH BROOKLYN: Seeks 90-Day Extension to File Plan and Disclosures
NOSRAT LLC: Gets Approval to Hire Isaac Goldstein as Accountant
OMG 4REAL: Seeks to Hire Checkett, Pauly, Bay & Morgan as Counsel
OUTERSTUFF LLC: Moody's Appends 'LD' Designation to Caa2-PD PDR
OVERLOOK ROAD: Unsecureds Owed $37.6K Likely to Get Full Recovery

P&P CONSTRUCTION: U.S. Trustee Appoints Creditors' Committee
PACIFIC POURHOUSE: Christopher Hayes Named Subchapter V Trustee
PARTY CITY: To Close Additional 9 Stores as Part of Chapter 11
POLK AZ LLC: Seeks Chapter 11 Bankruptcy Protection
PRODUCE DEPOT: Seeks Until July 7, 2023 to Confirm Plan

PRODUCE DEPOT: Unsecureds Owed $742K to Get 4% Under Plan
PROFESSIONAL CHARTER: Files Emergency Bid to Use Cash Collateral
RC HOME SHOWCASE: Court OKs Cash Collateral Access Thru May 2023
RP RUIZ: Wins Cash Collateral Access Thru Nov 25
RYAN ESTATES: Seeks to Hire Sheila Esmaili as Bankruptcy Counsel

S2 ENERGY: Seeks Approval to Hire LaPorte APAC as Accountant
SCST REALTY: No Payment to Unsecured Creditors in Liquidating Plan
SHERLOCK STORAGE: Unsecureds be Paid From Sale of Property
SIO2 MEDICAL: Court OKs $120MM DIP Loan from Oaktree
SIO2 MEDICAL: Seeks to Hire Alvarez & Marsal as CFO Provider

SIO2 MEDICAL: Seeks to Hire Kirkland & Ellis as Bankruptcy Counsel
SIO2 MEDICAL: Seeks to Tap Donlin Recano as Administrative Advisor
SIO2 MEDICAL: Seeks to Tap Lazard Freres & Co. as Investment Banker
SPEIDEL CONSTRUCTION: Glen Watson Named Subchapter V Trustee
SPG HOSPICE: PCO Files Fifth Interim Report

SPIRE INC: Moody's Affirms Ba1 Pref. Stock Rating, Outlook Stable
STRUCTURLAM MASS TIMBER: $7.5 Million DIP Loan Okayed
STRUCTURLAM MASS: C$7.5MM DIP Loan from Bank of Montreal OK'd
SURRENDER SOLUTIONS: Court OKs Deal on Cash Collateral Access
TENET HEALTHCARE: Moody's Rates New $1.35BB First Lien Notes 'B1'

TEXAS TAXI: Taps DWC ERISA Consultants as 401(K) Plan Specialist
TITAN CONSTRUCTORS: Files for Chapter 11 Bankruptcy Protection
TRIPLE D EXPRESS: Seeks to Hire David Freydin as Corporate Counsel
TRIPLE D EXPRESS: Seeks to Hire Gutnicki as Bankruptcy Counsel
TUESDAY MORNING: Resolves Fight With DIP Lender

UPTOWN 240: Panel Taps Onsager Fletcher Johnson Palmer as Counsel
URBAN COMMONS: Plan to Be Funded From Hotel Sale Proceeds
VIRGIN ORBIT: Seeks to Hire Alvarez & Marsal as Financial Advisor
VIRGIN ORBIT: Seeks to Hire Ducera Partners as Investment Banker
VIRGIN ORBIT: Seeks to Hire Kroll as Administrative Advisor

VIRGIN ORBIT: Seeks to Hire Latham & Watkins as Bankruptcy Counsel
VIRGIN ORBIT: Taps Young Conaway Stargatt & Taylor as Co-Counsel
VITAL PHARMACEUTICALS: Founder Aims to Undo Social Media TRO
VOYAGER DIGITAL: Shifts to Liquidation After Binance Deal Ends
[] BOOK REVIEW: Bankruptcy and Secured Lending in Cyberspace


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634 WILSON: Seeks Cash Collateral Access
----------------------------------------
634 Wilson Ave LLC and its debtor-affiliates ask the U.S.
Bankruptcy Court for the Eastern District of New York for authority
to use cash collateral and provide adequate protection.

The Debtors require the use of the Collateral to preserve their
properties, to adequately maintain and insure them which in turn
benefits all parties, including the lenders.

Similar to many real estate owners, the Debtors all struggled
during the pandemic as tenants stopped paying rent and the
moratorium prevented any eviction or collection proceedings. As a
result, the Debtors fell behind on their mortgage debt service and
defaults under the various mortgages were called by their
respective lenders.

By the time the Debtors were able to resume regular collection
efforts and stabilize the properties their cash was depleted. The
Debtors found themselves unable to reinstate each of the mortgage
loans without concessions and/or payment terms from the lenders
which they were unwilling to give at levels which the Debtors and
their cash flow could afford.

Each of the lenders commenced foreclosure actions against the
properties in New York State Supreme Court except for the action
against 43 St which is pending in United States District Court,
Eastern District of New York.  

On December 4, 2018, debtors Wilson, Himrod, Throop and
Knickerbocker each entered into an Amended and Restated Multifamily
Note with Greystone Servicing Corporation, Inc.

The Amended Notes entered into by Wilson, Himrod and Throop were
the result of, (i) the severance of a preexisting consolidated
promissory note in the principal amount of $8.263 million between
the Consolidated Borrowers and People's United Bank, which was
subsequently assigned to Greystone, and (ii) additional monies
loaned by Greystone pursuant to a Gap Note with each Consolidated
Borrower.

On December 4, 2018, the Consolidated Borrowers executed a Note and
Mortgage Modification, Severance and Release Agreement with
Greystone that provided for the split and severance of the
consolidated mortgage lien held by Peoples, which had been assigned
to Greystone. The People’s Spreader Mortgage secured the People's
Consolidated Note and provided for a spreader lien over 634 Wilson
Ave, 221 Himrod Street and 299 Throop Avenue.

In connection with the split and severance of the People's Spreader
Mortgage, on December 4, 2018, each Consolidated Borrower executed
a Severed Mortgage, which memorialized (the now) separate mortgage
liens on each Spreader Property and secured the obligation due
under their respective severed portion of the People's Consolidated
Note.

In connection with the refinance of the People's loan to
Knickerbocker, on November 30, 2018, the mortgage lien held by
Peoples on 867-871 Knickerbocker Ave was assigned to Greystone,
which assignment was duly recorded.

As security for each of the Gap Notes entered into with Greystone
and ultimately consolidated in each Amended Note, the Fannie Mae
Borrowers each executed a Gap Mortgage granting a lien in favor of
Greystone in their respective properties.

On December 4, 2018, the Fannie Mae Borrowers each executed a
Consolidation, Extension and Modification Agreement with Greystone
which consolidated all of the various liens which secured the
obligations consolidated under the Amended Notes into a single lien
on each property.

As additional security for the repayment of the Amended Notes, on
December 4, 2018, the Fannie Mae Borrowers also executed
Multifamily Mortgage, Assignment of Leases and Rents, Security
Agreements and Fixture Filings which granted Greystone a lien in
additional collateral including but not limited to leases, rents
and cash and proceeds therefrom, as set forth more fully in the
Greystone ALRS which are an exhibit to the CEMAs.

On December 4, 2018, the Greystone Loan Documents were assigned to
Fannie Mae by allonges and Assignments of Mortgages.

As a result of the pandemic and the financial distressed caused by
it, Fannie Mae and the Fannie Mae Borrowers entered into individual
forbearance agreements which provided a respite from making monthly
payments to a date certain after which time the arrears would need
to be brought current.

On March 21, 2018, Greystone entered into a commercial mortgage
loan with 43 St and in connection therewith, 43 St executed a loan
agreement and a New York Consolidated, Amended and Restated Note in
the amount of $2.033 million. The Freddie Note consolidated a
pre-exiting loan obligation due to Sterling National Bank, dated
October 14, 2015 in the original principal amount of $2.010 million
with a new Gap Multifamily Note entered into by 43 St with
Greystone dated March 21, 2018 in the principal amount of $34,167.

In order to secure the repayment of the Freddie Note, 43 St
executed a Multifamily Mortgage, Assignment of Rents and Security
Agreement, dated March 21, 2018, which granted a senior lien in the
real property located at 1427 43 Street to Greystone which was duly
recorded as part of a Consolidation, Extension and Modification
Agreement, with the Office of the City Register for the City of New
York.

The Freddie Mortgage and ALR granted Greystone a senior lien on the
real property located 1427 43 Street, Brooklyn, NY as well as a
lien in all leases and rents associated with that property.

On March 21, 2018, Greystone assigned all its right, title and
interest in and to the Freddie Note, Mortgage and ALR to Federal
Home Loan Mortgage Corporation, which assignment was duly recorded
in the City Register of the City of New York.

On July 5, 2018, FHLMC assigned all its right, title and interest
in and to the Freddie Loan Documents to U.S. Bank National
Association.

On February 9, 2022, KeyBank National Association d/b/a KeyBank
Real Estate Capital, acting as servicer to FRESB 2018-SB51, served
43 St with notice of default under the Freddie Loan Documents and
demanded that all defaults be cured on or before February 16,
2022.

On March 14, 2022, US Bank commenced a foreclosure action against
1427 43 St in the U.S. District Court for the Eastern District of
New York wherein it asserted, inter alia, that (i) it elected to
accelerate all amounts due and payable under the Freddie Loan
Documents and (ii) that because of such acceleration, the total sum
of $2.097 million was due and owing as of April 1, 2022.

On June 20, 2020, Throop entered into an Economic Injury Disaster
Relief loan agreement with The Small Business Administration which
included a Note and Security Agreement.

The SBA Note provided for an extension of credit in the amount of
$107,500 the repayment of which would incur interest in the amount
of 3.75% and repayable in monthly installments in the amount of
$524 per month beginning 12 months from the date of the SBA Note
and due and payable 30 years from that same date.

The Debtors submit that there is ample equity which protects each
Lender and their respective liens in each. The Debtors also propose
to give the Lenders replacement liens in the same nature, extent,
validity and priority that each Lender possessed with respect to
each Debtor, on the Petition Date.

In exchange for the continued use of cash collateral by the
Debtors, and as adequate protection for the Lenders' interests
therein, the Debtors will each make monthly payments to each
Lender, pursuant to the Budgets, in monthly payment amounts set
forth in the underlying loan documents at the contract rate of
interest.

A hearing on the matter is set for May 16, 2023 at 10:30 a.m.

A copy of the motion is available at https://bit.ly/3LH7GFt from
PacerMonitor.com.

                    About 634 Wilson Ave LLC

634 Wilson Ave LLC, et al., own multi-family properties in
Brooklyn, New York.

634 Wilson Ave LLC, along with affiliates 221 Himrod ST LLC,
867-871 Knickerbocker LLC, 299 Throop Ave LLC, 1427 43 ST LLC,
sought Chapter 11 protection (Bankr. E.D.N.Y. Lead Case No.
23-41156) on April 4, 2023. In the petition filed by Zalmen
Wagschal, as sole member, the Debtor reported assets and
liabilities between $1 million and $10 million each.

The Honorable Bankruptcy Judge Jil Mazer-Marino handles the cases.


The Debtors are represented by Erica Feynman Aisner, Esq. at Kirby
Aisner & Curley LLP.


AEARO TECHNOLOGIES: Veterans Aim to Resume Earplugs Mediation Talks
-------------------------------------------------------------------
Emily Field of Law360 reports that veterans on Thursday, April 27,
2023, asked a Florida federal judge to reinstate formal mediation
with 3M in litigation over allegations that the company's earplugs
were defective and harmed service members' hearing, saying that
their attorneys' leadership has recently asked for a global deal in
the suits.

                   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.


AFSHARFIRM LLC: Court OKs Interim Cash Collateral Access
--------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Texas, Waco
Division, authorized Afsharfirm, LLC to use cash collateral on an
interim basis in accordance with the budget, with a 10% variance.

The Court acknowledged that the Debtor has an immediate and
critical need to obtain funds in order to continue the operation of
its business.

Lone Ranger Capital Investments REIT, LLC, Cynton Centuries I LLC
and Park Place Finance assert an interest in the Debtor's cash
collateral.

As adequate protection for the diminution in value of the interests
of the Secured Lenders, the Secured Lenders are granted replacement
liens and security interests, in accordance with 11 U.S.C. Sections
361, 363, 364(c)(2), 364(e), and 552, co-extensive with their
pre-petition liens.

The Debtor is permitted to pay Subchapter V Trustee fees and any
fees payable to the Clerk of the Court.

The replacement liens granted to the Secured Lenders 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.

During the pendency of the Order, the Debtor will maintain
insurance on the Secured Lenders' collateral and pay post-petition
taxes when due. The automatic stay under 11 U.S.C. section 362(a)
is modified to the extent necessary to permit the Secured Lenders
to retrieve, collect and apply payments and proceeds in respect of
the Pre-petition Collateral and Post-petition Collateral in
accordance with the terms and provisions of the Order.

A final hearing on the matter is set for May 16, 2023 at 1:30 p.m.

A copy of the order is available at https://bit.ly/422svk6 from
PacerMonitor.com.

                      About Afsharfirm LLC

Afsharfirm LLC is a limited liability company in Texas that owns
six parcels of real property.

Afsharfirm LLC filed a petition for relief under Subchapter V of
Chapter 11 of the Bankruptcy Code (Bankr. W.D. Tex. Case No.
23-60110) on March 7, 2023. In the petition filed by Ali Afshar
Shandiz, as sole member, the Debtor reported assets between
$500,000 and $1 million and liabilities between $1 million and $10
million.

The case is overseen by the Honorable Bankruptcy Judge Michael M.
Parker.

Brad W. Odell has been appointed as Subchapter V trustee.

The Debtor is represented by Tyler S. Sims, Esq. at Sims Law,
PLLC.



AL NGPL: S&P Affirms 'B+' Issuer Credit Rating, Outlook Stable
--------------------------------------------------------------
S&P Global Ratings affirmed its 'B+' issuer credit rating on AL
NGPL Holdings LLC (AL NGPL). At the same time, S&P affirmed its
'B+' issue-level rating on AL NGPL's upsized term loan B. S&P's
recovery rating on this debt is '3', indicating expectations for
meaningful recovery (50%-70%; rounded estimate 50%).

The stable outlook on AL NGPL reflects its expectation that it will
generate debt to EBITDA of about 6.6x and EBITDA interest coverage
of about 1.7x in 2023.

S&P said, "The affirmation of the 'B+' issuer credit rating on AL
NGPL reflects our updated base-case forecast following the
incremental $90 million upsize of the $386.8 million outstanding
TLB announced on May 3, 2023.We now expect debt to EBITDA of 6.6x
and EBITDA interest coverage of about 1.7x in 2023. We anticipate
these metrics to improve in the following years as the investee
company NGPL Holdings will continue to generate steady EBITDA of
$530 million to $545 million during the next two years and
distribute its free cash flow in the range of $270 million to $295
million to its parent companies AL NGPL, Kinder Morgan, and
Brookfield Infrastructure Partners. We also expect AL NGPL to
continue to maintain adequate liquidity with sources exceeding uses
by more than 1.3x.

"The stable outlook reflects our forecast leverage of about 6.6x
and EBITDA interest coverage of about 1.7x in 2023. We expect these
credit metrics to strengthen in the following years as AL NGPL
receives steady distributions from NGPL Holdings and reduces its
debt balance via excess cash sweep.

"We could lower our rating on AL NGPL if NGPL Holdings' credit
quality deteriorated such that subsidiary NGPL PipeCo's leverage
exceeded 4.5x. This could occur due to prolonged increases in its
operating expenditure, inability to renew expiring contracts at
competitive rates, or a substantial increase in its debt to fund
growth projects. We could also consider taking a negative rating
action if AL NGPL's leverage deteriorates to 7.5x, or its EBITDA
interest coverage ratio declines to 1.5x or below on a
forward-looking basis.

"We could consider taking a positive rating action on AL NGPL if
its EBITDA interest coverage ratio exceeds 3.0x and its debt to
EBITDA declines below 5.5x. We could also upgrade the company if we
raise our issuer credit rating on NGPL PipeCo. This could occur if
it achieves S&P Global Ratings-adjusted debt to EBITDA of less than
3.5x on a consistent basis."

Environmental, Social, And Governance

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

S&P said, "Environmental factors are a moderately negative
consideration in our credit rating analysis of AL NGPL Holdings
LLC. AL NGPL holds a 25% noncontrolling interest in NGPL PipeCo,
which primarily comprises two FERC-regulated interconnected gas
pipelines. The U.S. currently derives about 35% of its power
generation from natural gas. However, NGPL PipeCo is susceptible to
longer-term volume declines from utilities because of reduced
demand for hydrocarbons and declining drilling activity amid the
transition to renewable energy sources."



ARK LABORATORY: U.S. Trustee Appoints Creditors' Committee
----------------------------------------------------------
The U.S. Trustee for Regions 3 and 9 appointed an official
committee to represent unsecured creditors in the Chapter 11 case
of Ark Laboratory, LLC.

The committee members are:

     1. Matthew George
        Gemini Lab Group, LLC
        8470 S. Shore Drive
        Clarkston, MI 48348
        Tel: 248-310-4724
        Email: matt@geminilabgroup.com

     2. Dorian Wright, CFO
        The Sports Marketing Agency
        13 N. Washington #706
        Ypsilanti, MI 48198
        Tel: 313-800-0040
        Email: lwright@thesportsma.com

     3. Fisher Healthcare, a division of Fisher Scientific
        Counsel: Maribeth Thomas, Esq.
        Tucker Arensberg, P.C.
        1500 One PPG Place
        Pittsburgh, PA 15222
        Tel: 412-594-3949
        Email: mthomas@tuckerlaw.com
  
Official creditors' committees serve as fiduciaries to the general
population of creditors they represent.  They may investigate the
debtor's business and financial affairs. Committees have the right
to employ legal counsel, accountants and financial advisors at a
debtor's expense.

                   About Ark Laboratory

Ark Laboratory, LLC owns and operates a medical laboratory in
Waterford, Mich.  

Ark Laboratory sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Mich. Case No. 23-43403) on April 12,
2023. In the petition signed by its principal, James Grossi, the
Debtor disclosed up to $50 million in both assets and liabilities.


Judge Maria L. Oxholm oversees the case.

Robert N. Bassel, Esq., represents the Debtor as legal counsel.


AVANTOR INC: S&P Alters Outlook to Stable, Affirms 'BB+' ICR
------------------------------------------------------------
S&P Global Ratings revised the outlook on Pennsylvania-based
chemical and materials manufacturer and distributor Avantor Inc. to
stable from negative and affirmed its 'BB+' issuer credit rating.

S&P said, "At the same time, we raised our issue-level rating on
Avantor's secured debt to 'BBB-' from 'BB+' and we raised our
recovery rating to '2' from '3', indicating our expectation for
substantial recovery (50%-70%; rounded estimate: 75%) in the event
of a payment default. We revised our issue-level ratings to reflect
the company's repayment of its senior secured debt during 2022 and
2023.

"We also raised our issue-level rating on Avantor's unsecured debt
to 'BB' from 'BB-' and we raised our recovery rating to '5' from
'6', indicating our expectation for substantial recovery (10%-30%;
rounded estimate: 10%) in the event of a payment default. We
revised our issue-level ratings to reflect the company's repayment
of its senior secured and unsecured debt.

"The stable outlook on Avantor reflects our expectation for the
company to continue to generate solid free cash flow throughout the
year, leading to leverage between 3.25x-3.75x by year end, despite
our expectation for EBITDA to decline by a mid-single-digit rate
this year.

"The outlook revision to stable reflects growing capacity in the
rating, the company's deleveraging following several acquisitions,
and our expectation for Avantor's leverage to remain between 3x-4x.
Avantor improved its S&P Global Ratings-adjusted leverage to 3.7x
at the end of 2022, from 4.8x the prior year end (4.2x pro forma
for the Ritter and MasterFlex acquisitions), largely through a
combination of EBITDA growth, low acquisition activity throughout
the period, and debt repayment. We believe, absent acquisition
activity, the company will continue to repay debt and expect
leverage between 3.25x-3.75x by the end of 2023. Although we expect
EBITDA to decline in 2023, we expect strong positive free cash flow
generation to allow the company to continue to reduce its debt to
EBITDA. The company stated it plans to operate with leverage
between 2x-4x. The company's calculation of leverage results in
metrics that are generally similar to ours. We still believe the
company's growth strategy includes significant investment in
acquisitions, but we believe the company has capacity in the rating
for moderate-sized acquisitions and believe leverage will remain
between 3x-4x over the next few years.

"Avantor's operating performance may face challenges in 2023 before
improving in 2024. We expect the company's organic growth to
decrease by a low-single-digit percent in 2023 because of the
reduction in revenue from COVID-19 related products, destocking of
customer inventories, and the declines in semiconductor production
offsetting underlying strengths in biopharmaceutical (biopharma)
production and price increases. We expect customer destocking to
stabilize in 2023 and anticipate strength of its biopharma segment
and proprietary materials and consumables business will help
revenue grow by a mid-single-digit rate in 2024 and 2025. While we
project a decline in S&P Global Ratings-adjusted EBITDA margin in
2023 to 21%, we expect it will start to improve in 2024 as growth
resumes.

"We anticipate Avantor's free operating cash flow (FOCF) to remain
stable in 2023 and support its acquisition strategy. We expect FOCF
to remain about the same in 2023 compared with 2022. Last year,
FOCF was burdened by higher inventory levels to mitigate supply
chain constraints and a $32 million dividend payment to preferred
shares. We anticipate FOCF of between $700 million-$800 million
compared with $754 million in 2022. Although we expect higher
capital expenditures (capex) this year, we anticipate better
working capital metrics and we also do not expect additional
dividend payments as the preferred shares converted to common
shares in May 2022. We anticipate Avantor will use its FOCF to
repay its debt in addition to its mandatory amortization, absent
significant acquisition spending in 2023. We believe the company
will be acquisitive, but we do not expect it to sustain leverage
above 4x. The company does not plan to pay dividends, nor do we
expect it to initiate a share repurchase program.

"Avantor's well-established position as one of the largest
distributors of laboratory supplies, with a strong presence in
North America and Europe, supports its rating. The company offers a
broader array of products and services than many of its smaller,
regional competitors. It is also a stable operator with high
recurring revenue and good geographic and end-market diversity.
Specifically, about 85% of Avantor's net sales are recurring. It
derives about 50% of its revenue from its proprietary branded
products and services. Sales of proprietary products are both
faster growing and more profitable than sales of third-party
products, which we expect will support margin expansion from
product mix over time. The company's customer concentration is also
low because no single customer accounts for more than 5% of its
total revenue. The company faces competition from Thermo Fisher
Scientific Inc., a larger and more vertically integrated global
distributor and manufacturer, as well as numerous regional and
local companies. Thermo Fisher is about six times bigger than
Avantor with larger manufacturing operations, producing equipment,
and consumables. Its scale could potentially give it stronger
pricing power or ability to bundle multiple services and products.

"The stable outlook on Avantor reflects our expectation for the
company to continue to generate solid free cash flow throughout the
year, leading to leverage between 3.25x-3.75x by year end, despite
our expectation for EBITDA to decline by a mid-single-digit rate
this year.

"We could lower our rating on Avantor if S&P Global
Ratings-adjusted debt to EBITDA increases and remains above 4x
without clear prospects for recovery. This could occur if the
company pursues sizable debt-funded acquisitions or encounters
operational challenges that increases leverage.

"We could raise our rating on Avantor if we expect S&P Global
Ratings-adjusted debt to EBITDA to remain below 3x, and we believe
management's financial policy is aligned with maintaining its
credit measures at these levels on a sustainable basis."



AVENTIV TECHNOLOGIES: S&P Places 'CCC+' ICR on Watch Positive
-------------------------------------------------------------
S&P Global Ratings placed its 'CCC+' issuer credit rating (ICR) on
Aventiv Technologies LLC on CreditWatch with positive implications,
reflecting the possibility of a one-notch upgrade upon completion
of the refinancing.

At the same time, S&P assigned its preliminary 'B-' issue-level
rating, reflecting the prospective ICR of 'B-', and preliminary '3'
recovery rating to Aventiv's proposed term loan and senior secured
notes.

Aventiv announced its plan to refinance the company's capital
structure, in part with a $400 million equity infusion that will
improve the company's liquidity position, debt maturity profile,
and credit metrics.

Aventiv's proposed refinancing will improve its liquidity position
and credit metrics and address upcoming maturities. As part of the
transaction, financial sponsor Platinum Equity will contribute an
additional $400 million of common equity to the company. Aventiv
will also issue a new $700 million first-lien term loan, along with
$400 million of senior secured notes, both due in 2027. The company
will use proceeds from the transaction to repay its existing first-
and second-lien term loans and reduce its outstanding revolver
balance by $135 million (from $190 million). As a result, S&P
expects pro forma leverage of 5.9x, down from 7.9x, at the end of
2022. The transaction also reduces its expectation for the
company's interest expense by about $10 million in 2023.

S&P said, "We expect the company to reduce costs and capital
expenditure (capex) over the next 12 months. Aventiv has initiated
$66 million of run-rate cost savings actions, and we are
forecasting the company to realize about $20 million in 2023 and
approximately $40 million in total. About 65% of total cost
reductions are headcount related. Of the headcount-related savings,
about 65% are related to reduced capacity for tablet rollout as the
company has completed rollout for the majority of its customer
base. Aventiv increased capacity to achieve substantial tablet
deployment in 2022 and we do not expect the reduction in capacity
to a more normalized level will limit the company's ability to
achieve tablet deployment for the remaining customer base or new
contracts. We believe there is little execution risk associated
with achieving the headcount-related cost reductions related to
tablet installations and have given the company full credit for
these savings in our projections. The remaining 35% of headcount
reductions are across sales, information technology, and other
corporate functions, with a meaningful reduction also expected in
other professional services. We believe there is some risk to
revenue growth prospects if the quality of Aventiv's product or
customer service is hampered. Therefore, we have taken a haircut of
about $26 million to these savings to reflect the associated risk.

"We expect $3 million-$4 million of severance costs to achieve the
headcount reductions. In addition, we forecast that the company
will reduce capex by about $80 million in 2023 as it shifts its
focus to drive growth through additional service offerings on its
existing tablet base. As a result, we now expect capex to be $40
million lower than our previous forecast and EBITDA to be $10
million higher due to the cost-saving actions. These changes, along
with interest expense that is $10 million lower, results in
break-even free cash flow in 2023, an improvement of $60 million
compared with our previous expectations. We also expect free cash
flow will improve further to between $30 million and $40 million in
2024."

CreditWatch

S&P said, "We expect to resolve the CreditWatch placement once the
transaction closes, which we expect will be before the end of the
second quarter of 2023. We will likely raise our rating on Aventiv
one notch to 'B-' if the company successfully completes the
transaction, reflecting improved liquidity and credit metrics and
an extended debt maturity profile."

ESG credit indicators: E2, S4, G3



BARTECH GROUP: Court OKs Cash Collateral Access Thru May 19
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois,
Eastern Division, authorized the BarTech Group of Illinois, Inc. to
use cash collateral on a further interim basis through May 19,
2023, substantially in accordance with the budget.

BarTech is authorized to continue using cash collateral to pay all
expenses the Debtor incurred in the operation of their ongoing
business post-petition -- or if incurred pre-petition, those
expenditures authorized by a specific Court order -- pending the
final hearing on the Motion.

The final hearing on the matter is set for May 17 at 10 a.m.

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

The Debtor projects total cash out, on a weekly basis, as follows:

      $235,712 for the week ending May 5, 2023;
      $399,527 for the week ending May 12, 2023;
      $328,457 for the week ending May 19, 2023; and
      $144,410 for the week ending May 26, 2023.

              About The BarTech Group of Illinois Inc.

The BarTech Group of Illinois Inc. -- https://www.bartechgroup.biz
-- is an MBE- and DBE-certified electrical construction
contractor.

The BarTech Group of Illinois Inc. filed a petition for relief
under Subchapter V of Chapter 11 of the Bankruptcy Code (Bankr.
N.D. Ill. Case No. 22-10945) on Sept. 23, 2022.  In the petition
filed by Dwayne Barlow, as president, the Debtor reported assets
between $500,000 and $1 million and estimated liabilities between
$1 million and $10 million.

William B. Avellone has been appointed as Subchapter V trustee.

Judge Timothy A. Barnes oversees the case.

Alan L. Braunstein, Esq., at Riemer Braunstein LLP is the Debtor's
counsel. Ringold Financial Management Services, Inc., is the
financial advisor.


BED BATH & BEYOND: Court OKs $240MM DIP Loan from Sixth Street
--------------------------------------------------------------
Bed Bath & Beyond Inc. and its debtor-affiliates sought and
obtained entry of an order from the U.S. Bankruptcy Court for the
District of New Jersey authorizing the use of cash collateral and
obtain postpetition financing, on an interim basis.

Sixth Street Specialty Lending, Inc. serves as the administrative
agent under the DIP Credit Agreement.

Following round-the-clock, hard-fought negotiations, the Debtors
and the DIP Lenders agreed upon the terms of a debtor-in-possession
financing in the form of senior secured postpetition financing on a
superpriority basis under (1) a new money single draw term loan
facility consisting of up to $40 million, and (2) a roll-up of
Prepetition FILO Secured Obligations in the amount of $200 million
pursuant to the terms and conditions of the Interim Order and the
DIP Credit Agreement.

The Debtors are authorized to borrow the New Money Amount and
Roll-Up Amount, subject to any limitations on, or conditions to,
borrowing under the DIP Documents, which borrowings will be used
solely for purposes permitted under the DIP Documents.

The Debtors are required to comply with several milestones
including:

     (a) On the Petition Date, the Debtors will have filed (i)
motions in form and substance satisfactory to the DIP Agent
requesting approval from the Bankruptcy Court to (a) continue going
out of business sales at all retail locations, and (b) assume their
prepetition Letter Agreement dated as of September 11, 2020 and
Letter Agreement dated as of March 2, 2021 with Hilco Merchant
Resources, LLC, and (ii) a motion seeking approval of a Bidding
Procedures Order, which motion will be in form and substance
reasonably acceptable to the Required DIP Lenders.

     (b) On or before three days after the Petition Date, the
Bankruptcy Court will have entered the Interim Order and the Cash
Management Order; and

     (c) On or before seven days after the Petition Date, the Court
will have entered an order in form and substance reasonably
acceptable to the Required DIP Lenders, approving the bidding and
auction procedures with respect to the sale by the Debtors of any,
all or substantially all of the Debtors' assets.

The Debtors ended 2021 and began 2022 with multiple disappointing
earnings misses. This was the culmination of a failed strategy
shift by the Company's prior management team to focus on private
label brands and a remodeled in-store experience. These efforts,
undertaken at a time in which the entire retail industry grappled
with the reduced customer store visits resulting from the COVID-19
pandemic, proved unsuccessful, disrupting the Debtors'
relationships with their vendors and customer base. Among other
operational missteps, the Debtors' failed to modernize their
business model to stay apace with industry wide trends, including
through building a robust omnichannel platform. Negative
macroeconomic forces, namely record levels of inflation and supply
chain problems induced by the COVID-19 pandemic, resulted in higher
inventory and labor costs as well as reductions in consumer
discretionary spending. This led to an aggressive lease
optimization strategy, resulting in the closure of hundreds of
underperforming stores. Additionally, the Company's stock
experienced extreme volatility resulting from, among other things,
"meme" stock investor Ryan Cohen's decision to sell massive amounts
of Bed Bath & Beyond shares.

To address their liquidity challenges, in August 2022, the Debtors
secured financing commitments for more than $500 million of new
financing, including their newly-expanded $1.13 billion ABL
Facility and a new $375 million FILO Facility. The proceeds of this
"bridge" financing were allocated to fund the Company's turnaround
plan, which helped extend the Company's operating runway and stave
off a more comprehensive restructuring solution. Entry into the
Amended Credit Agreement provided the Debtors with much-needed
liquidity ahead of the 2022 holiday season, and the Debtors hoped
that the holidays might stem the tide of operational losses.
However, the Debtors' vendor base did not fully return its support
in time, deepening the Debtors' liquidity troubles.

Despite efforts to right the ship, the Debtors' financial position
quickly became untenable. On January 13, 2023, the Debtors
delivered a notice of default to JPMorgan Chase Bank, N.A. and
Sixth Street Specialty Lending, Inc. as agents under the
Prepetition ABL Facility and Prepetition FILO Facility
respectively. The default notice informed the agents that the
Debtors had failed to timely deliver the weekly borrowing base
certificates and comply with the fixed charge coverage ratio for
the fiscal quarter ending November 26, 2022, as required under the
Prepetition Credit Agreement. Further, the Company subsequently
triggered an additional Event of Default under the Prepetition
Credit Agreement for failure to prepay revolving loans that were
over-advanced well in excess of what was otherwise permitted under
the credit agreement.

The Debtors attempted to facilitate a transaction that would avoid
a bankruptcy filing and offer the Company additional runway to
capitalize on management's turnaround plan. To that end, in late
January, Hudson Bay Capital Management, LP approached the Debtors'
advisors with a proposal to underwrite a public offering of the
Debtors' preferred stock and warrants. The Offering ultimately
contemplated raising approximately $225 million of gross proceeds
with the potential to raise an additional approximately $800
million of gross proceeds through future issuances.

The Debtors engaged in extensive and hard-fought negotiations with
HBC that culminated in the close of the Offering on February 6,
2023. Concurrently, the Debtors and the Prepetition Secured Lenders
entered into a waiver and amendment to the Amended Credit
Agreement, pursuant to which the Prepetition Secured Lenders agreed
to (i) waive any outstanding defaults under the credit facilities;
and (ii) rescind the implementation of acceleration, the
requirement to cash collateralize letters of credit obligations,
and the default interest owed on outstanding obligations, as each
is set out under the credit facilities. Notably, the Second
Amendment to the Credit Agreement decreased the total revolving
commitment from approximately $1.13 billion to $565 million. To
secure the consent of the ABL Lenders, and to facilitate
consummation of the HBC Offering, the FILO Lenders agreed to
increase the FILO Facility by $100 million from $375 million to
$475 million.

The Debtors used the net proceeds from the initial closing of the
Offering, along with the FILO Upsize, to repay outstanding
revolving loans under the Debtors' Prepetition ABL Facility. While
the Offering was critical to reducing burdensome funded-debt
obligations and paying vendors and other business counterparties,
the Debtors continued to suffer operating losses and struggled to
improve operating cash flow that would have allowed for greater
reinvestment in the business consistent with management's
turnaround plan. Making matters worse, the Debtors' stock price
continued to drop, jeopardizing their prospects for additional
equity investment. Against this backdrop, the Prepetition FILO
Lenders were unwilling to approve the Debtors' projected budget,
approval of which was a condition under the Second Amendment to the
Credit Agreement. In view of these circumstances, the Debtors were
no longer eligible to seek an additional injection of capital from
HBC.

Following termination of the HBC transaction, the Debtors announced
a second "at-the-market" equity transaction to offer and sell up to
$300 million of shares of its common stock from time to time. While
the ATM Transaction produced nearly $50 million of cash proceeds,
it was insufficient in addressing the Company's inventory and
liquidity problems.

The Debtors will use the proceeds of the DIP Facility to, among
other things: (a) provide working capital for the Debtors; (b)
finance interest, fees, expenses, and other costs related to the
DIP Facility; (c) make payments in respect of the Carve-Out and the
Reserves; (d) satisfy any adequate protection obligations owed
under the DIP Orders; and (e) make permissible payments, including,
but not limited to, honoring employee wages and benefits and
procuring goods and services, all in accordance with a budget
agreed to by the Debtors and the DIP Lenders.

The Prepetition Secured Parties are granted a variety of adequate
protection to protect against the postpetition diminution in value
of the cash collateral resulting from the use, sale, or lease of
the cash collateral by the Debtors and the imposition of the
automatic stay, including:

     (a) Prepetition FILO AP Liens. Subject to the Carve-Out, as
adequate protection of the interests of the Prepetition FILO
Secured Parties in the Prepetition Collateral, the Debtors grant to
the Prepetition FILO Agent, for the benefit of itself and the
Prepetition FILO Secured Parties, (i) continuing, valid, binding,
enforceable, and perfected postpetition security interests in and
senior liens on Postpetition FILO Priority Collateral, and (ii)
continuing, valid, binding, enforceable, and perfected postpetition
security interests in and junior liens on Postpetition ABL Priority
Collateral.

     (b) Prepetition ABL Superpriority Claim. Subject and
subordinate to the Carve-Out, as further adequate protection of the
interests of the Prepetition FILO Secured Parties in the
Prepetition Collateral, to the extent of any Diminution in Value of
such interests in the Prepetition FILO Priority Collateral, the
Prepetition FILO Agent, is granted, an allowed superpriority
administrative expense claim in each of the Chapter 11 Cases and
any Successor Cases. and

     (c) Prepetition FILO Superpriority Claim. Subject and
subordinate to the Carve-Out, as further adequate protection of the
interests of the Prepetition FILO Secured Parties in the
Prepetition Collateral, the Prepetition FILO Agent, is granted an
allowed superpriority administrative expense claim in each of the
Chapter 11 Cases and any Successor Cases.

A final hearing on the matter is set for May 16, 2023 at 2 p.m.

A copy of the motion is available at https://bit.ly/3n2AqiD from
PacerMonitor.com.

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

                    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.

At its peak, Bed Bath & Beyond operated the largest home furnishing
retailer in the United States with over 970 stores across all 50
states, consistently at the forefront of major home and bath
trends. Operating stores spanning the United States, Canada,
Mexico, and Puerto Rico, Bed Bath & Beyond offers everything from
bed linens to cookware to electric appliances, home organization,
baby care, and more.

Bed Bath & Beyond closed over 430 locations across the United
States and Canada before filing chapter 11 cases, implementing full
scale winddowns of their Canadian business and the Harmon branded
stores.

Left with 360 Bed Bath & Beyond and 120 buybuy BABY stores, Bed
Bath & Beyond Inc. and 73 affiliated debtors on April 23, 2023,
each filed a voluntary petition for relief under Chapter 11 of the
United States Bankruptcy Code (Bankr. D.N.J. Lead Case No.
23-13359) to pursue a wind down of operations.

The cases are pending before the Honorable Vincent F. Papalia.

Kirkland & Ellis LLP and Cole Schotz P.C. are serving as legal
counsel, Lazard Frères & Co. LLC is serving as investment
banker, and AlixPartners LLP is serving as financial advisor.  Bed
Bath & Beyond Inc. has retained Hilco Merchant Resources LLC to
assist with inventory sales.  Kroll LLC is the claims agent.


BEVERLY COMMUNITY HOSPITAL: U.S. Trustee Ordered to Appoint PCO
---------------------------------------------------------------
Judge Sandra Klein of the U.S. Bankruptcy Court for the Central
District of California directed Peter Anderson, U.S. Trustee for
Region 16, to appoint a patient care ombudsman for Beverly
Community Hospital Association.

The order was made after the court considered the stipulation for
the appointment of a patient care ombudsman. The U.S. Trustee is
authorized to appoint a patient care ombudsman in the Chapter 11
case of Beverly Community Hospital Association under Section
333(a)(1) of the Bankruptcy Code.

Judge Klein further ordered that the ombudsman may review
confidential patient records as necessary and appropriate to
discharge the ombudsman's duties and responsibilities, provided
however, that the ombudsman protects the confidentiality of such
records as required under applicable non-bankruptcy law and
regulations.

                  About Beverly Community Hospital

Beverly Community Hospital Association operates general medical and
surgical hospitals. It is based in Montebello, Calif.

The Debtor filed Chapter 11 Petition (Bankr. C.D. Calif. Case No.
23-12359) on April 19, 2023. In the petition signed by its chief
executive officer, Alice Cheng, the Debtor disclosed $1 million to
$10 million in assets and $100 million to $500 million in
liabilities.

Judge Sandra R. Klein oversees the case.

Sheppard, Mullin, Richter & Hampton, LLP is the Debtor's legal
counsel.


BLOCKFI INC: $275 Million Alternative Cash Deposits Okayed
----------------------------------------------------------
Rick Archer of Law360 reports that a New Jersey bankruptcy judge
Thursday, April 27, 2023, gave cryptocurrency platform BlockFi
permission to put $275 million in cash into a money market account
if it can't arrange for a Bankruptcy Code-compliant bank account by
Monday, May 1, 2023.

The Court ordered that the Debtors' motion granting a limited
waiver of the requirements of Section 345(b) of the Bankruptcy Code
is GRANTED IN PART and DENIED IN PART:

   * Notwithstanding anything to the contrary in the Final Order
(I) Authorizing the
Debtors to (A) Continue Use of Existing Business Forms and Records,
(B) Maintain Existing
Corporate Bank Accounts and Cash Management System, (C) Pay
Prepetition Bank Fees
Associated with the Cash Management System, and (D) Continue
Performance of Intercompany
Transactions, (II) Granting Administrative Expense Status To
Postpetition Intercompany
Balances, and (III) Waiving Certain U.S. Trustee Requirements
[Docket No. 306], or elsewhere, the requirements of section 345 of
the Bankruptcy Code, to the extent applicable and solely in
connection with these chapter 11 cases, may be waived solely with
respect to the Remaining Funds and solely on the terms set forth
herein.

   * A limited waiver of section 345(b) is denied to the extent the
Debtors receive
confirmation from First Citizens Bank and/or the U.S. Trustee that
First Citizens Bank has
collateralized the Remaining Funds (as that term is defined in the
Motion) in an amount equal to 115% of the Remaining Funds as
required under the Uniform Depository Agreement between First
Citizens Bank and the United States Trustee for Region 3 (the
“345 Confirmation”) by 5:00 pm prevailing Eastern time on May
1, 2023 (the “Deadline”), which Deadline may be extended by
mutual agreement between the Debtors and the U.S. Trustee.

   * A limited waiver of section 345(b) is granted if, and only if,
First Citizens Bank or
the U.S. Trustee does not provide the Debtors with the 345
Confirmation, prior to the Deadline.  In such event, the Debtors
are authorized to invest the applicable Remaining Funds in one or
more money market funds that only invest in U.S. government
obligations in an amount up to $275 million with Webster Bank or
other authorized depository that has executed a Uniform Depository
Agreement with the United States Trustee for Region 3. For the
avoidance of doubt, the Debtors are authorized to invest in U.S.
government obligations directly at any time.

   * With respect to the $24 million of Remaining Funds currently
held at BAML, the
Debtors are authorized to transfer such funds to First Citizens
Bank if First Citizens Bank confirms prior to the Deadline that
they will open a bank account for BlockFi International Ltd.
(“Account Confirmation”). To the extent First Citizens Bank
fails to provide the Account confirmation directly with the Debtors
by the Deadline, or any agreed upon extension thereof, the Debtors
are granted a limited waiver of the section 345 requirements to
allow such funds of BlockFi International Ltd. to be deposited into
one or more money market funds that only invest in U.S. government
obligations or to purchase U.S. government obligations directly.
For the avoidance of doubt, nothing herein prohibits the Debtors
from placing these funds into an account with an approved
depository that will comply with the collateralization requirements
of their UDA.

   * The Debtors are not authorized to deposit any funds into any
insured cash sweep
programs.

   * The Debtors are authorized to take all actions necessary to
effectuate the relief
granted pursuant to this Order in accordance with the Motion.

                       About BlockFi Inc.

BlockFi is building a bridge between digital assets and traditional
financial and wealth management products to advance the overall
digital asset ecosystem for individual and institutional
investors.

BlockFi was founded in 2017 by Zac Prince and Flori Marquez and in
its early days had backing from influential Wall Street investors
like Mike Novogratz and, later on, Valar Ventures, a Peter
Thiel-backed venture fund as well as Winklevoss Capital, among
others. BlockFi made waves in 2019 when it began providing
interest-bearing accounts with returns paid in Bitcoin and Ether,
with its program attracting millions of dollars in deposits right
away.

BlockFi grew during the pandemic years and had offices in New York,
New Jersey, Singapore, Poland and Argentina.

BlockFi worked with FTX US after it took an $80 million hit from
the bad debt of crypto hedge fund Three Arrows Capital, which
imploded after the TerraUSD stablecoin wipeout in May 2022.

BlockFi had significant exposure to the companies founded by former
FTX Chief Executive Officer Sam Bankman-Fried.  BlockFi received a
$400 million credit line from FTX US in an agreement that also gave
FTX the option to acquire BlockFi through a bailout orchestrated
by
Bankman-Fried over the summer. BlockFi also had collateralized
loans to Alameda Research, the trading firm co-founded by
Bankman-Fried.

BlockFi is the latest crypto firm to seek bankruptcy amid a
prolonged slump in digital asset prices. Lenders Celsius Network
LLC and Voyager Digital Holdings Inc. also filed for court
protection this year. Kirkland & Ellis is also advising Celsius and
Voyager in their separate Chapter 11 cases.

BlockFi Inc. and eight affiliates sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D.N.J. Lead Case No. 22-19361) on
Nov. 28, 2022. In the petitions signed by their chief executive
officer, Zachary Prince, the Debtors reported $1 billion to $10
billion in both assets and liabilities.

Judge Michael B. Kaplan oversees the cases.

The Debtors taped Kirkland & Ellis and Haynes and Boone, LLP as
general bankruptcy counsels; Walkers (Bermuda) Limited as special
Bermuda counsel; Cole Schotz, P.C., as local counsel; Berkeley
Research Group, LLC as financial advisor; Moelis & Company as
investment banker; and Street Advisory Group, LLC as strategic and
communications advisor.  Kroll Restructuring Administration, LLC is
the notice and claims agent.


BW GAS: Moody's Lowers CFR to B3 & Alters Outlook to Stable
-----------------------------------------------------------
Moody's Investors Service downgraded the ratings of BW Gas &
Convenience Holdings, LLC including its corporate family rating to
B3 from B2, probability of default rating to Caa1-PD from B3-PD and
its senior secured bank credit facility rating to B3 from B2. The
rating outlook was changed to stable from negative.

The downgrade reflects governance considerations particularly
financial strategy as Moody's forecasts that BW Gas & Convenience's
leverage will drift above 6.0x debt/EBITDA over the next 12-18
months largely due to its reliance on both revolver draws and
sale-leaseback transaction proceeds to fund its high growth capital
spending. For the trailing 12 months ending December 31, 2022,
debt/EBITDA was about 5.3x following an equity offering before
year-end which was used to repay a portion of revolver borrowings.
Moody's expects debt/EBITDA to climb to around 6.5x by year-end
2023. Further, there are headwinds to the company achieving better
operating performance including its ability to maintain the same
record fuel margins that the industry experienced over the last few
years. Other factors include weakening demand for fuel largely due
to lower miles driven in the US. Further, while liquidity concerns
that arose in 2022 were alleviated following the repayment of a
large portion of the revolver and the sale-leaseback of 20 stores
and associate real estate, Moody's expect the company to continue
to spend heavily on capital expenditures to support its fast-paced
growth plans.

The stable outlook reflects BW Gas & Convenience's adequate
liquidity including cash balances and revolver availability with no
maturities before the revolver matures in 2026. The outlook also
reflects Moody's expectation that leverage will be maintained
around the low 6.0x range and for its continued high growth capex
to be funded by cash balances and earnings.

Downgrades:

Issuer: BW Gas & Convenience Holdings, LLC

-- Corporate Family Rating, Downgraded to B3
    from B2

-- Probability of Default Rating, Downgraded to
    Caa1-PD from B3-PD

-- Senior Secured Bank Credit Facility,
    Downgraded to B3 from B2

Outlook Actions:

Issuer: BW Gas & Convenience Holdings, LLC

-- Outlook, Changed To Stable From Negative

RATINGS RATIONALE

BW Gas & Convenience's B3 CFR is constrained by its small scale in
terms of number of stores and absolute level of EBITDA. With around
440 convenience stores/gas stations, the company is one of the
smaller rated convenience stores and the company's small size and
concentration in Texas, New Mexico and Oklahoma exposes it to
regional economic swings. The rating also considers BW Gas &
Convenience's adequate liquidity which was recently bolstered
through two equity raises and the sale-leaseback of 20 stores. This
follows the heavy use of the revolver to fund 2022 project spending
which left the company solely reliant on cash balances for
liquidity. The rating also reflects governance considerations
related to BW Gas & Convenience's private equity ownership and
aggressive financial policy.

BW Gas & Convenience's credit profile benefits from its position in
the stable convenience store industry, its good merchandise gross
profit margins and good mix of higher margin diesel sales resulting
in higher cents per gallon margin on its overall fuel sales
relative to the industry. BW Gas & Convenience's gross profit mix
of merchandise (55%) vs fuel sales (45%) provides stability from
volatile fuel pricing and improves overall gross profit margins.
The company's two banners, Yesway and Allsup's, benefit from
average store sizes of 3,600 square feet and 3,200 square feet
respectively, making it easier to offer a more diversified product
offering and higher margin proprietary label products and fresh
foods. Further, the ongoing Raze & Rebuild campaign has yielded
improving sales at its remodeled stores. The company also benefits
from owning a significant portion (70%) of its stores and
associated real estate.

BW Gas & Convenience has adequate liquidity which has been hampered
by high project spending funded by revolver draws and cash. As of
December 31, 2022, the company had approximately $70 million of
cash and $60 million of availability under its $125 million
revolver expiring in 2026. The credit agreement contains a
springing total net leverage financial maintenance covenant (as
defined) of 5.0x that is tested if there is 25% drawn. Moody's
expect the covenant will continue to be tested, however, there will
be adequate cushion over the next 12 to 18 months. The company also
owns a significant portion of its convenience store real estate
portfolio providing them with a material source of alternate
liquidity.

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

Ratings could be upgraded should operating  performance and
financial policy support debt/EBITDA maintained below 5.5x and
EBIT/interest expense sustained above 1.75x. An upgrade would also
require good liquidity including ample availability on its revolver
and the expectation that project spending would be funded through
operating cash flow.

The ratings could be downgraded if operating performance weakens or
liquidity weakens from current levels including should the pace of
capital expenditures continue to cause free cash flow deficits.
Quantiatively, the ratings could be downgraded if debt/EBITDA was
sustained above 6.5x or EBIT/interest expense remains below 1.0x.

Fort Worth, Texas-based BW Gas & Convenience Holdings, LLC, through
its operating subsidiaries, operates about 440 convenience stores
in 9 states primarily in the Midwest and southern US under the
Yesway and Allsup's banners. It is privately owned by Brookwood
Financial Partners, LLC. Revenue for 2022 was $2.4 billion.

The principal methodology used in these ratings was Retail
published in November 2021.


CERTIFIED 360: Case Summary & Nine Unsecured Creditors
------------------------------------------------------
Debtor: Certified 360, LLC
        5321 Fairmont St.
        Jacksonville, FL 32207

Business Description: The Debtor is part of the construction
                      industry.

Chapter 11 Petition Date: May 4, 2023

Court: United States Bankruptcy Court
       Middle District of Florida

Case No.: 23-01002

Judge: Hon. Jacob A. Brown

Debtor's Counsel: Bryan K. Mickler, Esq.
                  LAW OFFICES OF MICKLER & MICKLER, LLP
                  5452 Arlington Expy.
                  Jacksonville, FL 32211
                  Email: bkmickler@planlaw.com

Total Assets: $528,466

Total Debts: $1,598,966

The petition was signed by Ashley Downing as managing member.

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

https://www.pacermonitor.com/view/TSFZNBQ/Certified_360_LLC__flmbke-23-01002__0001.0.pdf?mcid=tGE4TAMA


CLOVIS ONCOLOGY: To Seek Plan Confirmation on May 25
----------------------------------------------------
Judge J. Kate Stickles has entered an order that the Disclosure
Statement of Clovis Oncology, Inc., et al. is approved on an
interim basis for solicitation purposes under section 1125 of the
Bankruptcy Code, Bankruptcy Rule 3017, and Local Rule 3017-2.

Any objections to the adequacy of information contained in the
Disclosure Statement on a final basis are expressly reserved for
consideration at the Combined Hearing, unless overruled on the
record at the Interim Approval Hearing.

The Combined Hearing is scheduled for May 25, 2023, at 10:00 a.m.
(Prevailing Eastern Time).

Objections to confirmation of the Plan and final approval of the
Disclosure Statement on any ground will be filed and served on or
before May 19, 2023, at 4:00 p.m. (Prevailing Eastern Time).  The
Debtors, and any other parties in interest supporting the
Disclosure Statement and Plan may, in their discretion, file a
reply in support of final approval of the Disclosure Statement and
confirmation of the Plan by May 22, 2023, at 12:00 p.m. (Prevailing
Eastern Time).

If necessary, the Combined Hearing may be continued to a hearing
commencing on June 26, 2023 or as soon thereafter as counsel may be
heard solely with respect to the Creditors' Committee Challenge and
Claim Objection. For the avoidance of doubt, all other objections
and issues related to confirmation of the Plan and final approval
of the Disclosure Statement will be considered at the Combined
Hearing on May 25, 2023, at 10:00 a.m. (Prevailing Eastern Time).

The Ballots and Opt-Out Election Forms must be properly executed,
completed and actually received by the Voting Agent on or before
May 17, 2023, at 4:00 p.m. (Prevailing Eastern Time).

The Debtors are authorized to file a Voting Declaration on or
before May 19, 2023, at 11:59 p.m. (Prevailing Eastern Time).

If any Claimholder seeks allowance of its Claim for voting purposes
or to challenge the allowance of its Claim for voting purposes in
accordance with the Tabulation Procedures and the Master Ballot
Tabulation Procedures, such Claimholder must file a motion,
pursuant to Bankruptcy Rule 3018(a), for an order temporarily
allowing its Claim or allowing its Claim in a different amount or
classification for purposes of voting to accept or reject the Plan
(a "Rule 3018 Motion") and serve the Rule 3018 Motion on the
Debtors so that it is received no later than May 4, 2023, at 11:59
p.m. (Prevailing Eastern Time) (the "Rule 3018(a) Motion
Deadline"). The Debtors (and, with respect to filing a response,
any other party in interest) shall then have (a) until May 11,
2023, at 4:00 p.m. (Prevailing Eastern Time) to file and serve any
objections to such Rule 3018 Motions and (b) coordinate with the
Court to adjudicate and resolve all pending Rule 3018 Motions prior
to the Combined Hearing. Replies in support of any Rule 3018 Motion
are due on or before May 18, 2023, at 4:00 p.m. (Prevailing Eastern
Time).

The Plan Supplement must be filed with this Court no later than May
10, 2023, at 11:59 p.m. (Prevailing Eastern Time), provided, that,
the Debtors may amend, supplement, or otherwise modify the Plan
Supplement prior to the Combined Hearing and/or in accordance with
the Plan.

                     Amended Liquidating Plan

Clovis Oncology, Inc., et al. submitted a First Amended Disclosure
Statement pursuant to Section 1125 of the Bankruptcy Code with
respect to the First Amended Joint Chapter 11 Plan of Liquidation

The overall purpose of the Plan is to provide for the liquidation
of the Debtors in a manner designed to maximize recovery to
stakeholders.

Generally, the Plan provides the following:

   (a) Holders of Allowed DIP Facility Claims shall receive their
Pro Rata Share of the Upfront FAP Payment and DIP Financing Cash in
accordance with the terms of the Plan on the Effective Date.  To
the extent the Upfront FAP Payment and DIP Financing Cash are
insufficient to pay DIP Facility Claims in full, any Remaining DIP
Facility Claims shall be converted on a dollar-for dollar basis
into CVRs in accordance with the Plan and the CVR Agreement, and
shall be entitled to, on a first priority basis, the Net FAP
Proceeds until repaid in full;

   (b) Holders of Allowed Prepetition Financing Claims shall
receive their Pro Rata Share of the Net Rubraca Proceeds and
Rubraca Cash in accordance with the terms of the Plan. Any
remaining deficiency claim arising thereunder will be treated as
Allowed Prepetition Deficiency Claims;

   (c) Holders of Unsecured Note Claims shall receive their Pro
Rata Share of the GUC CVRs;

   (d) Holders of U.S. General Unsecured Claims shall receive the
Pro Rata Share of the GUC CVRs they are entitled to receive under
the Liquidation Trust Agreement;

   (e) No recovery to the holders of U.K. General Unsecured Claims
or Ireland Unsecured Claims on account of their respective Claims
and Interests;

   (f) Payment in full of all Allowed Administrative Expense
Claims, Fee Claims, U.S. Trustee Fees, Other Secured Claims,
Priority Tax Claims and Priority Non-Tax Claims;

   (g) No recovery to the holders of Existing Securities Law
Claims, Interests, Intercompany Claims or Intercompany Interests on
account of their respective Claims and Interests;

   (h) Funding of a Liquidation Trust pursuant to the Wind-Down
Budget to govern the liquidation of the Debtors' estates and
remaining assets following the Effective Date; and

   (i) Distributions under the Plan shall be funded from Cash on
hand and the proceeds of the Sales Transactions that are received
before, on, or after the Effective Date.

Under the Plan, Class 4 Unsecured Note Claim totaling $447,900,000
will recover 10.1% to 26.0% of their claims.  Each holder of an
Unsecured Note Claim is entitled to vote to accept or reject the
Plan.  Each holder of an Allowed Unsecured Note Claims will receive
in full satisfaction, settlement, and release of, and in exchange
for such Allowed Unsecured Note Claims its Pro Rata Share of the
GUC CVRs. Class 4 is impaired.

Class 5A U.S. General Unsecured Claims totaling $241,600,000 to
$304,900,000 will recover 10.1% to 26.0% of their claims.  Each
holder of a U.S. General Unsecured Claim is entitled to vote to
accept or reject the Plan. Each holder of an Allowed U.S. General
Unsecured Claim will receive in full satisfaction, settlement, and
release of, and in exchange for such Allowed U.S. General Unsecured
Claim its Pro Rata Share of the GUC CVRs.  Class 5A is impaired.

Class 5B: U.K. General Unsecured Claims totaling $191,300,000 to
$237,300,000 will recover 0% of their claims.  Holders of Ireland
General Unsecured Claims will not receive or retain any
distribution under the Plan on account of such Ireland General
Unsecured Claims.  Class 5C is impaired.

On Dec. 13, 2022, the Debtors filed a motion seeking entry of an
order approving bidding procedures to be used in connection with
one or more sales of substantially all of the Debtors' assets; and
authorizing the Debtors to enter into the FAP Stalking Horse APA
and provide bid protections thereunder.  On Jan. 24, 2023, the
Court entered the Bidding Procedures Order.

Distributions under the Plan shall be funded from Cash on hand and
the proceeds of the Sales Transactions that are received before,
on, or after the Effective Date.

Counsel to the Debtors:

     Rachel C. Strickland, Esq.
     Andrew S. Mordkoff, Esq.
     Erin C. Ryan, Esq.
     WILLKIE FARR & GALLAGHER LLP
     787 Seventh Avenue
     New York, NY 10019-6099
     Telephone: (212) 728-8000
     Facsimile: (212) 728-8111
     E-mail: rstrickland@willkie.com
             amordkoff@willkie.com
             eryan@willkie.com

          - and -

     Robert J. Dehney, Esq.
     Andrew R. Remming, Esq.
     Matthew O. Talmo, Esq.
     MORRIS, NICHOLS, ARSHT & TUNNELL LLP
     1201 North Market Street, 16th Floor, P.O. Box 1347
     Wilmington, DE 19899-1347
     Telephone: (302) 658-9200
     Facsimile: (302) 658-3989
     E-mail: rdehney@morrisnichols.com
             aremming@morrisnichols.com
             mtalmo@morrisnichols.com

A copy of the Order dated April 21, 2023, is available at
https://bit.ly/41xy9uK from PacerMonitor.com.

A copy of the Disclosure Statement dated April 21, 2023, is
available at https://bit.ly/3mVq6su from PacerMonitor.com.

                     About Clovis Oncology

Clovis Oncology, Inc., is an American pharmaceutical company, which
mainly markets products for treatment in oncology.  The company is
based in Boulder, Colo.

Clovis Oncology and its affiliates sought protection under Chapter
11 of the U.S. Bankruptcy Code (Bank. D. Del. Lead Case No.
22-11292) on Dec. 11, 2022.  In the petition signed by Paul E.
Gross, executive vice president and general counsel, Clovis
Oncology disclosed $319,164,834 in assets and $754,564,457 in
liabilities.

Judge J. Kate Stickles oversees the cases.

The Debtors tapped Morris Nichols Arsht and Tunnell, LLLP and
Wilkie Farr & Gallagher, LLP as bankruptcy counsels; Alixpartners,
LLP as financial advisor; Perella Weinberg Partners, LP as
investment banker; and Ernst & Young, LLP as tax services provider.
Kroll Restructuring Administration, LLC is the claims, noticing and
solicitation agent.

The U.S. Trustee for Region 3 appointed an official committee of
unsecured creditors in the Debtors' cases.  The committee tapped
Morrison & Foerster, LLP as lead bankruptcy counsel; Potter
Anderson & Corroon, LLP as Delaware counsel; Alvarez & Marsal North
America, LLC as financial advisor; and Jefferies, LLC as investment
banker.


COLORADO EDUCATIONAL: Moody's Rates 2023A/B Revenue Bonds 'Ba2'
---------------------------------------------------------------
Moody's Investors Service has assigned an initial Ba2 underlying
rating to Colorado Educational and Cultural Facilities Authority,
CO's approximately $12.9 million Charter School Refunding Revenue
Bonds (Renaissance Secondary School Project) Series 2023A and
approximately $375,000 Federally Taxable Series 2023B. Following
the sale, the school will have about $13.2 million in revenue bonds
outstanding. The outlook is stable.

RATINGS RATIONALE

The initial Ba2 underlying rating reflects Renaissance Secondary
School, CO's (RSS) improving financial operations, highlighted by
favorable operating margin, growing though limited liquidity, and
healthy debt service coverage. The school's competitive profile is
average, primarily due to a weak waitlist. Academic performance
exceeds state averages but slightly lags the district. Positively,
enrollment has stabilized following declines during the school's
first few years of operation which were exacerbated by the
coronavirus pandemic; fiscal 2024 is projected to be the school's
largest historical enrollment. Ongoing population gains in the area
are expected to support enrollment growth and eventual stability, a
key social consideration. The school's leverage is high at about
6.4 times fiscal 2022 operating revenue, inclusive of debt and
adjusted net pension liabilities. Positively, the school intends to
utilize Colorado State Treasurer Charter School Intercept Program
which essentially guarantees bondholders are paid before operations
of the school.

Governance considerations are key drivers of initial rating actions
and include the school's board composition and management policies
coupled with the positive relationship with its authorizer and
recent charter renewal.

RATING OUTLOOK

The stable outlook reflects the school's improving enrollment
coupled with growing state aid that will likely lead to moderately
improved liquidity and debt service coverage over the next couple
of years.

FACTORS THAT COULD LEAD TO AN UPGRADE OF THE RATINGS

-- Trend of positive enrollment performance

-- Reaching or exceeding projected improvement to days
    cash on hand and/or debt service coverage

-- Materially stronger competitive profile driven by
    improved academic performance and/or a considerably
    stronger waitlist

FACTORS THAT COULD LEAD TO A DOWNGRADE OF THE RATINGS

-- Failure to maintain current enrollment resulting in
    degradation of days cash on hand and/or debt service
    coverage

-- Materially weaker competitive profile driven by
    declines in academic performance and/or waitlist

LEGAL SECURITY

The Series 2023 bonds are being issued by the Colorado Educational
and Cultural Facilities Authority, proceeds of which will be loaned
to RSS Building Corporation, CO. Under the loan agreement, the
school will make debt service payments from pledged revenue, which
consists of all revenue generated by school. In the event of
default, the bonds are additionally secured by a deed of trust with
a first priority lien on and security interest in the pledged
revenue and campus.

USE OF PROCEEDS

The proceeds of the Series 2023 bonds will refund all outstanding
maturities of the Wisconsin Public Finance Authority's Charter
School Revenue Bonds (Renaissance Secondary School Project), Series
2016A, fund a debt service reserve at MADS, and fund capitalized
interest.

PROFILE

Renaissance Secondary School is a nonprofit public charter school
organized under the laws of the State of Colorado. The school
operates one 6-12th grade campus in Douglas County School District
RE-1, CO, the school's authorizer. The school's academic program
uses Project-Based Learning in which students gain knowledge and
skills by investigating realistic problems they encounter and solve
in the real world.

METHODOLOGY

The principal methodology used in these ratings was US Charter
Schools published in September 2016.


CRYPTO CO: Anthony Strickland Quits as Director
-----------------------------------------------
Anthony Strickland resigned from the board of directors of The
Crypto Company on April 25, 2023.  

Mr. Strickland had served as a member of the Board since June 2017
and also served on the Audit Committee of the Board.  As indicated
in the written notice submitted by Mr. Strickland to the Company,
Mr. Strickland's resignation from the Board was not due to any
disagreement with the Company regarding the Company's operations,
policies or practices.  

                       About Crypto Company

Malibu, Calif.-based The Crypto Company -- www.thecryptocompany.com
-- is 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 $5.66 million in 2022, a net
loss of $785,630 in 2021, and a net loss of $2.82 million in 2020.
As of Dec. 31, 2022, the Company had $1.56 million in total assets,
$4.62 million in total liabilities, and a total stockholders'
deficit of $3.06 million.

Lakewood, CO-based BF Borgers CPA PC, the Company's auditor since
2019, issued a "going concern" qualification in its report dated
April 14, 2023, citing that the Company has suffered recurring
losses from operations that raises substantial doubt about its
ability to continue as a going concern.


CRYPTO CO: Receives Notice of Default From Coventry
---------------------------------------------------
The Crypto Company previously disclosed in its Current Report on
Form 8-K filed with the Securities and Exchange Commission on
July 29, 2022, that the Company entered into a Securities Purchase
Agreement, effective July 27, 2022 with Coventry Enterprises, LLC,
pursuant to which the Company issued to Coventry a 10% unsecured
promissory note in the principal amount of $200,000, and 25,000
shares of restricted common stock.  In the event of a default, the
Note is convertible into shares of the Company's common stock, par
value $0.01 per share.

On April 24, 2023, the Company received a letter from Coventry
formally notifying the Company of an event of default under Section
7(a)(i) of the Note.  The Company is in violation of covenants in
the Note that require the Company make the payment of any principal
amount, guaranteed interest, or any other interest due under the
Note, when due, subject to a five day cure period.  Upon an event
of default, consistent with the terms of the Note, the Note becomes
convertible, in whole or in part, into shares of the Company's
Common Stock at Coventry's option.  As set forth in the Notice of
Conversion, Coventry elected to convert $17,916.94 of principal and
$2,083.06 of interest under the Note into Conversion Shares of the
Company.

                       About Crypto Company

Malibu, Calif.-based The Crypto Company -- www.thecryptocompany.com
-- is 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 $5.66 million in 2022, a net
loss of $785,630 in 2021, and a net loss of $2.82 million in 2020.
As of Dec. 31, 2022, the Company had $1.56 million in total assets,
$4.62 million in total liabilities, and a total stockholders'
deficit of $3.06 million.

Lakewood, CO-based BF Borgers CPA PC, the Company's auditor since
2019, issued a "going concern" qualification in its report dated
April 14, 2023, citing that the Company has suffered recurring
losses from operations that raises substantial doubt about its
ability to continue as a going concern.


DIOCESE OF ALBANY: Committee Taps Lemery Greisler as Counsel
------------------------------------------------------------
The official committee of unsecured creditors appointed in the
Chapter 11 case of the Roman Catholic Diocese of Albany, New York
seeks approval from the U.S. Bankruptcy Court for the Northern
District of New York to employ Lemery Greisler, LLC as its
counsel.

Lemery Greisler will provide these services:

     (a) advise the committee with respect to its rights, duties,
and powers in the Chapter 11 case;

     (b) assist and advise the committee in its consultations with
the Debtor relative to the administration of the Chapter 11 case;

     (c) make a motion for relief from the automatic stay to allow
the state court actions of certain unsecured creditors to proceed;

     (d) assist the committee in analyzing the claims of the
Debtor's creditors and its capital structure and in negotiating
with holders of claims and equity interests;

     (e) assist the committee in its investigation of the acts,
conduct, assets, liabilities, and financial condition of the Debtor
and the operation of its business;

     (f) assist the committee in its analysis of, and negotiations
with, the Debtor or any third party concerning matters related to,
among other things, the assumption or rejection of certain leases
of nonresidential real property and executory contracts, asset
dispositions, financing or other transactions and the terms of one
or more plans of reorganization for the Debtor and accompanying
disclosure statements and related plan documents;

     (g) assist and advise the committee as to its communications
to unsecured creditors regarding significant matters in this
Chapter 11 case;

     (h) represent the committee at hearings and other
proceedings;

     (i) review and analyze applications, orders, statements of
operations, and schedules filed with the court and advise the
committee as to their propriety;

     (j) advise the committee with respect to the Debtor's
negotiations and with sexual abuse victims and their counsel;

     (k) prepare, on behalf of the committee, any pleadings in
connection with any of the foregoing as may be necessary in
furtherance of the committee's interests and objectives in this
Chapter 11 case; and

     (l) perform such other legal services as may be required or
are otherwise deemed to be in the interests of the committee.

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

     Paul A. Levine, Senior Partner     $425
     Meghan M. Breen, Partner           $415
     Other Senior Partners              $425
     Other Partners or Senior Attorneys $415
     Associates                         $380
     Paralegals                         $150

Paul Levine, senior partner at Lemery Greisler, disclosed in a
court filing that the firm is a "disinterested person" as defined
in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:
     
     Paul A. Levine, Esq.
     Meghan M. Breen, Esq.
     Lemery Greisler, LLC
     677 Broadway, 8th Floor
     Albany, NY 12207
     Telephone: (518) 433-8800

             About The Roman Catholic Diocese of Albany

The Roman Catholic Diocese of Albany is a religious organization in
Albany, N.Y. It covers 13 counties in Eastern New York, including a
portion of a 14th county. Its Mother Church is the Cathedral of the
Immaculate Conception in the city of Albany.

New York's Child Victims Act, which took effect in August 2019,
temporarily sets aside the usual statute of limitations for
lawsuits to give victims of childhood sexual abuse a year to pursue
even decades-old claims. Hundreds of new lawsuits have been filed
against churches and other institutions since the law took effect
on Aug. 14, 2019.

Facing the financial weight of new sexual misconduct lawsuits, at
least four of the eight Roman Catholic dioceses in the state, has
already sought Chapter 11 protection. The dioceses that have
declared bankruptcy include the Diocese of Rochester and the
Diocese of Rockville Centre on Long Island.

The Catholic Diocese of Albany sought relief under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. N.D.N.Y. Case No. 23-10244) on
March 15, 2023. In the petition filed by Fr. Robert P. Longobucco,
the Debtor estimated assets between $10 million and $50 million and
liabilities between $50 million and $100 million.

Judge Robert E. Littlefield, Jr. oversees the case.

The Debtor tapped Nolan Heller Kauffman, LLP as bankruptcy counsel;
Tobin and Dempf, LLP as special litigation counsel; and Keegan
Linscott & Associates, PC as financial advisor. Donlin, Recano &
Company, Inc. is the claims and noticing agent.

On April 17, 2023, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors in this Chapter 11 case.
Lemery Greisler LLC serves as the committee's counsel.


EARTH HOUSE: No Change in Patient Care, 3rd PCO Report Says
-----------------------------------------------------------
Debra Branch, the court-appointed patient care ombudsman, filed
with the U.S. Bankruptcy Court for the District of New Jersey her
third report regarding the quality of patient care provided at
Earth House, Inc.'s mental health treatment center.

This third PCO report is based on a telephone interview with the
Executive Director held on April 18.

The PCO cited that Earth House hired a nurse to replace the
full-time nurse that is on long term disability. Earth House states
that recent staffing issues have not adversely affected patient
care. Earth House is using flexible part time and partial shifts to
accommodate graduate students interested in employment with the
program. Moreover, Earth House states that they are temporarily
down by one staff member since the petition of the Chapter 11
bankruptcy filing.

The PCO reported that the treatment center, located in a rural
community near Princeton, accommodates a maximum of 14 residents.
There are currently 11 students registered in the program. Earth
House states there are no significant changes in the services
offered since the petition of the Chapter 11 bankruptcy filing.

In her report, the PCO noted that Earth House maintains a
medication management system that tracks and controls all
medication that is used in the facility. Earth House states that
there are no significant changes in the management of
pharmaceuticals since the petition of the Chapter 11 bankruptcy.

The PCO further noted that Earth House indicates that the filing of
the Chapter 11 petition has stabilized the relationship with
vendors. Earth House has recently established a business
relationship with a small local compounding pharmacy that allows
for flexibility and customization of medication to fit the unique
needs of each student.

The PCO concluded that pursuant to Section 333(b)(3) of the
Bankruptcy Code the quality of patient care provided patients has
been maintained since the filing. Earth House continues to use
effective work arounds for staffing issues. The number of in
resident patients has not changed during this reporting period. The
bankruptcy filing has not affected Earth House's ability to
continue to deliver at risk psychiatric patients a unique and
innovative program with a good standard of care.

A copy of the ombudsman report is available for free at
https://bit.ly/41T9iSm from PacerMonitor.com.

The ombudsman may be reached at:

     Debra H. Branch, Esq.
     Law Office of Debra H. Branch
     1814 E. Route 70, Ste 411
     Cherry Hill, NJ 08003
     Phone: (856)489-7163
     Email: DHBRANCH@aol.com

                         About Earth House

Earth House, Inc. is a health care business as defined in 11 U.S.C.
Sec. 101(27A).

Earth House filed a petition for relief under Chapter 11 of the
Bankruptcy Code (Bankr. D.N.J. Case No. 22-18011) on Oct. 10, 2022.
In the petition filed by its executive director, James F. Karwosk,
the Debtor reported assets between $500,000 and $1 million and
liabilities between $100,000 and $500,000.

Judge Kathryn C. Ferguson oversees the case.

The Debtor is represented by the Law Firm of Andre Kydala, Esq.

Debra Branch is the patient care ombudsman appointed in the
Debtor's case.


EARTHSTONE ENERGY: Fitch Affirms 'B+' LongTerm IDR, Outlook Stable
------------------------------------------------------------------
Fitch Ratings has affirmed Earthstone Energy, Inc. and Earthstone
Energy Holdings, LLC's Long-Term Issuer Default Ratings (IDR) at
'B+'. Fitch has also affirmed the 'BB+'/'RR1' rating on
Earthstone's senior secured Reserve Based Loan (RBL) credit
facility and the 'B+'/'RR4' rating on its senior unsecured bonds.
The Rating Outlook is Stable.

The ratings reflect Earthstone's low leverage, existing Permian
production, forecast FCF profile and the expectation Earthstone
will continue to utilize M&A to create growth. The ratings also
consider Earthstone's single basin focus and relative gas weighting
to Permian peers.

KEY RATING DRIVERS

FCF Generation: Earthstone is forecast to generate FCF of
approximately $350 million annually between 2023 and 2024 under
Fitch's base price deck. Earthstone's FCF benefits from it not
paying a dividend and its near zero organic growth capital
spending. In 4Q22, the company began to implement some shareholder
returns in the form of buyback, but Earthstone's track record of
M&A suggests FCF will continue to be used to support further
Permian growth opportunities. Additional FCF visibility is provided
by Earthstone's hedging policy, which as of March 2023 had hedges
on 39% and 38% of its respective oil and gas production, although
this had decreased from 2022 where over 50% of its expected
production was hedged.

Below 1x Leverage: Earthstone is expects to maintain its leverage
at 1.0x or below. This is consistent with its historically
maintained low leverage structure and Fitch's forecast, which
expects leverage of approximately 0.7x at YE 2023. On a debt to
flowing barrel measure, Fitch forecasts approximately $8,000/bbl at
YE 2023, down from approximately $13,600/bbl in 2022, which is
forecast to further decrease to below $6,000/bbl through Fitch's
forecast period as FCF is at least partially expected to be
allocated to reducing revolver draw.

Acquisition Growth Strategy: Since the beginning of 2021,
Earthstone has closed six acquisitions, including Chisholm, Bighorn
and Titus that all closed in 2022, which totaled approximately $2.5
billion. Fitch expects Earthstone to continue to look for in-basin,
bolt-on opportunities to support its growth. Earthstone's reliance
in M&A, particularly at the pace Earthstone has maintained,
increases execution risk, however, Earthstone has reasonably
integrated its existing acquisitions and future integration risks
are tempered within the companies Permian Basin focus.

Rating Tailwinds: Earthstone has approximately 0.4 billion boe of
Proved Reserves and produced an average of 104.8Mboepd in 4Q22. On
a reserve basis, Earthstone's size is consistent with a high 'B'
rating category range. Its current production, supported by its
in-organic growth trend over the past few years, is transitioning
toward the lower end of the 'BB' rating category particularly in
the context of the economics of its Permian position. Earthstone's
operational scale is of higher importance to its overall Issuer
Default Rating as medium and smaller producers typically have less
resilience during weaker points in the commodity cycle in terms of
both abilities to maintain development plans and access to
capital.

Permian-Focused Footprint: Earthstone holds 212,000 net acres
within the Permian Basin split between 45,000 net acers in the
upper Delaware Basin in New Mexico and 167,000 net acres in the
Midland Basin. Its current 3-rig program in the Delaware will
continue to focus development on the more de-risked Lea County
portion of their New Mexico acreage. This area is oilier than
Earthstone's Midland basin acreage, and with a more active drilling
program here should help increase Earthstone' oil weighting, which
was approximately 45% during 4Q22, below many Permian peers.

The exposure to permitting requirements on federal lands in New
Mexico requires early permit planning and holding an existing
inventory of federal and state drilling permits to maintain a
steady production program. Earthstone is currently permitting into
2024 as it can take nine to 12 months to complete a permit.

Earthstone's Midland Basin position averaged 56Mboepd in 2022. This
position was supplemented by the acquisition of Bighorn in 2022
that provided a high PDP, average older vintage well, cash flow
generating asset that requires little capex.

Single Basin Focus: Earthstone has some asset diversification with
its material footprints in both the Midland and Delaware Permian
sub-basins, but its single basin strategy, although common at
Earthstone' size, provides relatively little diversification
benefit.

Parent Subsidiary Ratings Equalized: Fitch consolidates the ratings
of Earthstone Energy, Inc. and Earthstone Energy Holdings LLC, its
wholly owned subsidiary where debt is issued. Under Fitch's Parent
and Subsidiary Linkage Criteria this follows the stronger
subsidiary weaker parent relationship with the ratings being
consolidated reflecting both open access and control and the
absence of legal ring fencing.

DERIVATION SUMMARY

During 4Q22, Earthstone averaged 104.8Mboepd (45% oil).
Earthstone's 4Q22 production is in line with Permian peer Callon
Petroluem's (B/Stable) production of 106.3Mboepd (62% oil). Similar
to Earthstone, Callon has operations are located in the Delaware
and Midland Basin, with its Midland Basin position located
predominantly more south in Howard County. Earthstone debt of
approximately $1 billion is meaningfully less than Callon's YE 2022
approximately $2.3 billion. Earthstone's 4Q22 production is
relatively in line with Matador Resources Co.'s (BB-/Stable)
111.7Mboepd, whose 56% oil weighting results in peer leading half
cycle cash netbacks. In 1Q23, Matador announced the acquisition of
Advance Energy Partners Holdings, LLC, which will add approximately
25Mboepd in 2023. Earthstone's scale trails SM Energy's
(BB-/Stable) 142.9Mboepd (43% Oil) and Permian Resources
Corporation (BB-/Stable) produced 158.2Mboepd (51% oil).

Earthstone's 2022 netback of $43.3/boe compares favorably across
Fitch's E&P portfolio as is consistent with its position in the
highly economic Permian Basin. Compared to similar sized Permian
peers, Callon ($46.1/boe), Matador ($56.0/boe), SM ($47.0/boe) and
Permian Resources ($44.2/boe), Earthstone's netback is towards the
lower end of the group.

KEY ASSUMPTIONS

- WTI (USD/bbl) of $80 in 2023, $70 in 2024, $60 in 2025 and $50
thereafter;

- Henry Hub (USD/mcf) of $3.50 in 2023 and 2024, $3.00 in 2025 and
$2.75 thereafter;

- Base interest rates applicable to the company's outstanding
variable rate debt obligations reflects current SOFR forward
curve;

- Leverage remains below 1x through the forecast;

- Low organic production growth with capex modestly above
maintenance levels;

- Oil weighting increases modestly though forecast;

- Low cash amounts held on balance sheet with excess cash being
applied to pay off revolver;

- Assumed M&A majority funded with accumulated cash of similar
liquids weighted asset toward end of forecast.

RATING SENSITIVITIES

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

- Continued de-risking and operational momentum in the Permian
basin that results in material increase of PDP reserves, inventory
and oil weighting;

- Organic and/or M&A growth increasing production approaching
125Mboped while maintaining unit costs;

- Mid-cycle EBITDA Leverage sustained below 2.0x.

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

- A shift to negative FCF contributing to diminished liquidity or
utilization of revolver commitment sustained above 65%;

- Failure to maintain a clear, conservative financial and
operational policy;

- Mid-cycle EBITDA Leverage sustained above 2.5x.

LIQUIDITY AND DEBT STRUCTURE

Simple Structure with RBL Providing Liquidity: Earthstone typically
holds minimal cash on its balance sheet, drawing upon and making
payments to it revolver to meet cash needs. It has a $1.4 billion
elected commitment level on its revolving credit facility with $452
million draw at March 31, 2023, leaving $948 million in undrawn
availability. Positive annual FCF through Fitch's forecast period
and Earthstone's financial policy, which does not include
dividends, further supports the company's liquidity level.

Earthstone has a simple maturity schedule with no near-term
maturities. Its RBL matures in June 2027, and its 8% $550 million
senior unsecured issuance matures in April 2027.

KEY RECOVERY RATING ASSUMPTIONS

The recovery analysis assumes that Earthstone would be reorganized
as a going concern (GC) in bankruptcy rather than liquidated. Fitch
has assumed a 10% administrative claim and an 80% draw on the RBL
facility. The 80% draw on the RBL facility is a decrease from 100%
used previously and reflects the increased likelihood that in a
stress case environment a redetermination would affect the
revolver's size level as the elected commitment has increased from
$800 million to $1.4 billion since the prior review.

Going-Concern (GC) Approach

Earthstone's GC EBITDA estimate of $425 million reflects Fitch's
view of a sustainable, post-reorganization EBITDA level upon which
the agency bases the enterprise valuation.

Earthstone's bankruptcy scenario considers a weakened oil and gas
environment resulting in reduced operational and financial
flexibility, in line with Fitch's stress case assumptions. Fitch
believes the lower price environment pressures liquidity and
consequently results in a lower capital program to maintain
production and manage negative FCF.

The GC assumption reflects Fitch's stressed case price deck, which
assumes WTI oil prices of $65 in 2023, $42 in 2024, $32 in 2025,
$42 in 2026 and $45 longer term.

An enterprise value (EV) multiple of 3.5x EBITDA is applied to the
GC EBITDA to calculate a post-reorganization EV. The choice of this
multiple considered the following factors:

- The historical bankruptcy case study exit multiples for peer
companies ranged from 2.8x-7.0x, with an average of 5.2x and a
median of 5.4x;

- The multiple is in line with Permian comparable Callon Petroleum,
and the multiple's used for SM resources and Matador Petroleum when
they were previously rated at the B+ rating level.

Liquidation Approach

The liquidation estimate reflects Fitch's view of the value of
balance sheet assets that can be realized in a sale or liquidation
processes conducted during a bankruptcy or insolvency proceeding
and distributed to creditors.

In assigning the value for Earthstone's assets, Fitch considered
Earthstone's PV10 value adjusted for a lower-price environment and
comparable multiples for production per flowing barrel, value per
acre and value per drilling location within the Delaware and
Midland Basins.

Under the waterfall allocation, the First Lien RBL has a 'RR1'
recovery and is notched up three levels to 'BB+'. The senior
unsecured notes are assigned a 'RR4' recovery rating and are
notched in line with the IDR at 'B+'.

ISSUER PROFILE

Earthstone Energy, Inc. is an independent oil and gas energy
exploration and production company with operations primarily in the
Midland Basin of west Texas and Delaware Basin in New Mexico.

ESG CONSIDERATIONS

Earthstone has an ESG Relevance Score of '4' for Energy/Management,
reflecting the company's operational flexibility due to its smaller
scale, and low basin diversification, which may expose the company
to impending energy transaction risks. These factors have a
negative impact on the credit profile, and are relevant to the
ratings in conjunction with other factors.Unless otherwise
disclosed in this section, the highest level of ESG credit
relevance is a score of '3'. This means ESG issues are
credit-neutral or have only a minimal credit impact on the entity,
either due to their nature or the way in which they are being
managed by the entity.

   Entity/Debt            Rating        Recovery   Prior
   -----------            ------        --------   -----
Earthstone
Energy, Inc.        LT IDR B+  Affirmed               B+

Earthstone
Energy Holdings,
LLC                 LT IDR B+  Affirmed               B+

   senior
   unsecured        LT     B+  Affirmed    RR4        B+

   senior secured   LT     BB+ Affirmed    RR1       BB+


ELIZABETH JANE: Angela Shortall Named Subchapter V Trustee
----------------------------------------------------------
John Fitzgerald, III, Acting U.S. Trustee for Region 4, appointed
Angela Shortall of 3Cubed Advisory Services, LLC as Subchapter V
trustee for Elizabeth Jane, Inc.

Ms. Shortall will be paid an hourly fee of $500 for her services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

Ms. Shortall declared that she is a disinterested person according
to Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Angela L. Shortall
     3Cubed Advisory Services, LLC
     111 S. Calvert St., Suite 1400
     Baltimore, MD 21202
     Phone: 410-783-6385
     Email: ashorrtall@3cubed-as.com

                       About Elizabeth Jane

Elizabeth Jane, Inc. filed a petition under Chapter 11, Subchapter
V of the Bankruptcy Code (Bankr. D. Md. Case No. 23-12802) on April
24, 2023, with $100,001 to $500,000 in assets and $500,001 to $1
million in liabilities.

The Debtor is represented by Steven L. Goldberg, Esq., at McNamee
Hosea, P.A.


FIRST QUANTUM: S&P Affirms 'B+' Long-Term ICR, Outlook Negative
---------------------------------------------------------------
S&P Global Ratings affirmed its 'B+' long-term issuer credit rating
on Canada-headquartered copper miner First Quantum Minerals Ltd.
(FQM) and its 'B+' long-term issue credit rating on its unsecured
notes. S&P removed the ratings from CreditWatch, where they were
placed with negative implications on Dec. 20, 2022.

The negative outlook indicates S&P's expectation that credit
metrics will be under pressure amid lower copper production and
high costs.

FQM's progress with the concession agreement for the Cobre Panama
mine reduces the risk of further losses in volumes and EBITDA. The
company was forced to stop production at the mine for 15 days in
early 2023, after failing to reach a new concession agreement in
December 2022. S&P said, "We estimate FQM lost about 5% of annual
production at Cobre Panama due to the temporary outage. It reached
the draft concession agreement with the Panama government in March
2023, and has been operating as usual since. According to the new
agreement, the company has to pay higher taxes of $375 million per
year, but this amount could fluctuate in the future depending on
the price environment. We now expect FQM will finalize the contract
in the third quarter of 2023. Although the final agreement will
take time to go through the approval process, we do not anticipate
any interruptions to the company's copper production. As a result,
we removed the ratings from CreditWatch with negative
implications."

The company's recently reduced volume guidance for the next three
years makes it less resilient to copper price volatility. The
weaker volume expectations come amid FQM's poor performance at the
Kansanshi mine in Zambia, where ore grades have been below
expectations. Kansanshi produced 146,282 tonnes of copper in 2022,
compared with management's initial expectation of 190,000
tonnes–210,000 tonnes. It will likely take until at least 2025
for FQM to grow its production at Kansanshi, through investments in
additional mining, processing, and smelting capacity. On top of
this, weak copper production in first quarter 2023 amid a rainy
season in Zambia, and the 15-day outage in Panama, pressure FQM's
ability to reach management's full-year target in 2023. In first
quarter 2023 the company produced about 139,000 tonnes, compared
with the 2023 full-year guidance of 770,000 tonnes–840,000
tonnes. S&P anticipates cash costs per tonne will continue to be
high, driven by high input costs, especially if production remains
low. Even though some input costs declined in early 2023 from their
peaks in 2022, S&P expects inflation will remain elevated,
translating into persistently high input costs.

High costs will limit FQM's capacity to reduce net debt. At the end
of March 2023, the company's net debt was $5.8 billion, equivalent
to S&P Global Ratings-adjusted debt of $9 billion. S&P said, "We
previously expected the company may reach its medium-term target of
about $4.7 billion by end 2023. However, given our updated
expectation of lower volumes and higher costs, we now do not
anticipate the company will reach this target in the coming two
years. We also note management did not cut capital expenditure
(capex) amid pronounced inflation, so this will be much higher
compared to recent years. Although we believe it is important for
FQM to invest in copper production capacity over time and protect
the resiliency of the business, this will limit free operating cash
flow (FOCF) under our copper price assumptions."

S&P said, "The negative outlook highlights that we may downgrade
FQM in the next 12 months if it continues to face operational
setbacks delaying the company's net debt reduction and its ability
to maintain supportive credit metrics under weaker copper prices.
In our view, potential setbacks could stem from delays in the
license approval process in Panama and weak copper production in
the coming quarters.

"Under our base case, we expect FQM will post EBITDA of about $2.8
billion-$3.3 billion in 2023 and broadly neutral FOCF. This will
translate into adjusted debt to EBITDA of 2.7x-3.3x. We view
adjusted debt to EBITDA of about 3x under our medium-term price
assumptions (of about $8,700/t-$9,000/t) as commensurate with the
current rating. Under lower copper prices of about $7,000/t, we
expect the company should maintain adjusted debt to EBITDA of about
4x for the current rating. These thresholds assume that the company
generates limited FOCF. We may ease the thresholds somewhat if the
company reduces its absolute debt level to the medium-term target
or if we expect the company to generate FOCF of $0.5 billion or
better consistently."

S&P may downgrade FQM if adjusted debt to EBITDA increases above 4x
without clear prospects of near-term recovery. This could happen as
a result of one or more of the following:

-- Copper prices falling to $7,000/t or below for an extended
period;

-- Weaker volumes or higher costs than we currently expect; or

-- Persistently high capex, even at lower copper prices.

Alternatively, S&P may lower the rating if FQM deviates from its
financial policy. For example, slowing its net debt reduction or
committing to multi-billion-dollar projects before building
sufficient financial headroom.

S&P may revise the outlook to stable if the key short-term risks
dissipate, alleviating some pressure on EBITDA in a lower price
environment. Some factors that could lead to this include:

-- Conclusion of the license approval process in Panama, currently
expected for third quarter 2023.

-- FQM meeting our EBITDA projections in 2023 and reaffirming
guidance for 2024 and beyond. Key milestones include demonstrating
improving production volumes and cash costs for a few quarters.

-- Clear progress toward achieving the medium-term net debt target
of $4.7 billion (currently about $5.8 billion).

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



FIVE64 LLC: $650,000 DIP Loan from Cartwheel Has Interim OK
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas,
Dallas Division, authorized Five64, LLC and 64 IP Holdings, LLC to
use cash collateral and obtain postpetition financing, on an
interim basis.

The Debtors obtained post-petition financing in the principal sum
of $650,000, consisting of up to $450,000 of new-money postpetition
financing, and a "roll up" of $200,000 of prepetition secured debt
by and through a Senior Secured Superpriority Debtor-in-Possession
Loan and Security Agreement and all ancillary documents with
Cartwheel Acquisition Sub, Inc., the Debtors' proposed DIP
financier, and assignee of the prepetition Secured Loan.

The Debtors are immediately authorized to borrow under the DIP
Facility new Loans up to an aggregate principal amount of $300,000
subject to the terms and conditions set forth in the Interim Order
and the DIP Documents.

The Debtors believe the DIP Facility represents significantly
better-than-market terms to the Debtors. Moreover, the DIP Lender
is a proposed "stalking horse" purchaser of substantially all of
the Debtors' assets at a proposed purchase price that, if realized,
will be sufficient to pay all of the Debtors' creditors in full.
Given the size of the stalking horse bid, all of the Debtors' other
prepetition secured lenders are adequately protected against any
diminution of their interest in the Debtors' assets on account of
the priming liens the Debtors seek to grant the DIP Lender.

The maturity date, unless extended by the DIP Lender, will be the
earlier of:

     (i) 90 calendar days after the Closing Date;

    (ii) the consummation of a sale of all or substantially all of
the assets of the Borrowers;

   (iii) the occurrence of an Event of Default after the expiration
of all applicable grace or cure periods;

    (iv) upon acceptance by the Borrowers of any offer or bid for
the purchase of all or substantially all of the assets of the
Borrowers or all of the equity of reorganized Borrowers to a buyer
that does not provide for the actual payment in full of all
Indebtedness owed under the Facility by no later than the Outside
Date; or

     (v) unless waived by the Lender in its sole discretion, the
date that the Borrowers file a motion with the Bankruptcy Court for
authority to proceed with the sale or liquidation of the Borrowers
-- or any material portion of the assets or all of the equity of
the Borrowers -- without the consent of the Lender except pursuant
to a proposed sale of all or substantially all of the Borrowers'
assets or all of the equity of reorganized Borrowers to a buyer
that provides for the actual payment in full of the Facility by no
later than the Outside Date.

The "Carve Out" means the sum of (i) all fees and expenses required
to be paid to the Clerk of the Court and the United States Trustee
pursuant to 28 U.S.C. section 1930(a) plus interest at the
statutory rate; (ii) all reasonable fees and expenses up to $10,000
incurred by any Subchapter 5 trustee appointed in these Bankruptcy
Cases; and (iii) to the extent allowed by Court order, all unpaid
fees and expenses accrued or incurred by persons or firms retained
by the Debtors and any statutorily appointed committee in these
cases, in an aggregate amount not to exceed $150,000.

The Debtors are required to comply with these milestones:

     (a) Entry of the Final Order within 30 days following entry of
the Interim Order;

     (b) Filing, within three days of the Petition Date, a motion,
in form and substance acceptable to the Lender, to sell
substantially all of the Debtors' assets pursuant to section 363 of
the Bankruptcy Code and a motion approving a process for the
Debtors to sell substantially all of their assets with the Lender
as the "stalking horse" with bid protections acceptable to the
Lender;

     (c) Entry of a Court order within 10 days of the Petition Date
approving the Bid Procedures Motion; and

     (d) Entry of a Court order within 30 days of the Closing Date
in a form and substance acceptable to the Lender authorizing the
Debtors to sell substantially all of their assets, including the
Collateral, to the Lender in accordance with section 363 of the
Bankruptcy Code.

A final hearing on the matter is set for May 11, 2023 at 2:30 p.m.

A copy of the order is available at https://bit.ly/3VnY7yC from
PacerMonitor.com.

                         About Five64, LLC

Five64, LLC  is a developer and provider of interstate and state
vehicle registration solutions headquartered in Texas, United
States.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. C.D. Cal. Case No. 23-30767) on April 19,
2023. In the petition signed by Hoke Smith and Pamela Smith as
chief executive officer and member, respectively, the Debtor
disclosed up to $10 million in both assets and liabilities.

Judge Sandra R. Klein oversees the case.

Thomas D. Berghman, Esq., at Munsch Hardt Kopf and Harr, P.C.
represents the Debtor as legal counsel.



FXI HOLDINGS: S&P Upgrades ICR to 'CCC+' on Distressed Exchange
---------------------------------------------------------------
S&P Global Ratings raised the issuer credit rating on FXI Holdings
Inc. to 'CCC+' from 'SD'. S&P affirmed its 'CCC+' issue-level
rating on the company's existing senior secured notes due 2026. S&P
also assigned a 'CCC+' issue-level rating to the newly issued
12.25% senior secured notes due 2026. S&P assigned a '4' recovery
rating to the newly issued notes due 2026, and the '4' recovery
rating on the existing notes due 2026 remains unchanged.

The negative outlook reflects the challenging macroeconomic
environment affecting the company's key end markets and S&P's
expectation that the company's credit metrics and liquidity will
remain pressured over the next 12 months.

S&P expects 2023 EBITDA to be better year over year, but credit
metrics will remain depressed with leverage at unsustainable
levels.

For the majority of 2022, demand in FXI's key end markets was weak.
This included the bedding, comfort, and furniture industries as
consumer discretionary spending on durable goods slowed after a
strong 2021. The company also dealt with heightened raw material
costs, particularly in the first half of 2022, which materially
reduced profitability. S&P said, "As raw material costs moderate,
we expect revenues to decrease in 2023 as the company's average
selling prices continue to drop via collar-triggered price
decreases and other pricing actions in the current competitive
demand environment. We expect this to be somewhat offset by some
new business wins in 2023 with key customers in the retail segment.
Overall, we forecast EBITDA and EBITDA margins to improve year over
year in 2023 due to a full year impact of the company's ongoing
cost-reduction initiatives since mid-2022 and easing supply chain
bottlenecks. That said, we anticipate FXI's credit metrics to
remain depressed with S&P Global Ratings'-adjusted debt to EBITDA
close to the double-digit range on a weighted average basis, which
we consider to be unsustainable."

The company's near-term refinancing risk has been addressed, but
S&P forecasts the company's FOCF will be negative over the next few
years, which would pressure liquidity.

S&P said, "FXI addressed the refinancing risk related to its senior
notes maturing in November 2024 with the distressed debt exchange.
While the company generated positive FOCF in 2022 on the back of
material destocking of inventory by year end, we expect negative
FOCF over the next few years given a sizeable cash interest burden,
which has further increased with the issuance of higher coupon
notes, amid earnings that are weaker than historical levels. We
expect this to pressure liquidity and hinder cash build up. Unless
its operating performance improves significantly, we believe FXI's
financial commitments including its interest payments are
unsustainable over the long term. Our base-case forecast does not
incorporate another distressed debt exchange.

"Our negative outlook on the rating reflects our view that FXI's
credit metrics will remain stressed with further liquidity
pressures.

"Given the company's sizeable debt levels, we expect the company's
S&P Global Ratings'-adjusted debt to EBITDA will be in the
high-single-digit area over the next 12 months. We also expect its
funds from operations (FFO) to debt will be close to zero or
slightly negative over the same period due to high interest
commitments. We estimate the company will have sufficient
availability under the ABL and the springing financial covenant
will not be triggered for the next 12 months. However, we believe
there is minimal cushion under the covenant if it were to be
triggered. We believe these credit metrics are unsustainable over
the long term given the company's high amount of fixed charges."

S&P continues to assess FXI's business risk as weak.

S&P said, "Our ratings reflect the company's limited geographic
diversity, customer concentration, and exposure to cyclical end
markets. The company's strong market position and the
cost-reduction measures taken since mid-2022 to support earnings
during a muted demand environment somewhat offset these risks.
FXI's business risk profile benefits somewhat from the presence of
chemical collars on some of its customer contracts as it helps
mitigate against volatility in raw material costs.

"The negative outlook on FXI reflects our expectation that its
credit metrics and liquidity will remain pressured over the next 12
months due to overall weak demand. Specifically, the company's S&P
Global Ratings'-adjusted debt to EBITDA reached the
low-double-digit range by the end of 2022 and we believe its
weighted average debt leverage will remain between 9x and 10x. We
anticipate performance in the retail and original equipment
manufacturer (OEM) bedding and furniture segments to remain subdued
due to muted demand, a competitive environment, and a weak
macroeconomic backdrop, while the engineered solutions segment is
expected to benefit from a continued improvement in automotives
outlook as supply chain issues fade. Over the next 12 months, we
expect the company's leverage will remain unsustainably high. In
our base-case scenario, we assume the company does not undertake
any additional distressed debt exchanges.

"We could lower our rating on FXI over the next few months if its
end-market demand is weaker than expected, due to low consumer
spending levels, EBITDA margins decline relative to our base case
or the company loses key customers leading to lower-than-expected
earnings with debt to EBITDA remaining at 10x or above. We could
lower our ratings if we envision a default scenario as likely
within the next year. Such scenarios could include materially
negative FOCF consistently such that it challenges near-term
liquidity and leads to a missed interest payment, or the company
breaches the financial covenant under the ABL. We could also lower
the rating if the company undertakes any further distressed debt
exchanges.

"We could raise our rating on FXI over the next 12 months if the
company's revenues and earnings are better than we expect, leading
to S&P Global Ratings'-adjusted debt to EBITDA to drop sustainably
below 8x while its FFO to debt rises to the mid-single-digit
percentage range. This could occur if the economic outlook
improves, discretionary consumer spending on durable goods
recovers, or the company's operational efficiency improves more
than expected on the back of cost saving measures and input cost
moderation. Before taking a positive rating action, we would need
to believe the company could improve its liquidity profile by
generating positive free cash flow. We would also need to believe
the company is committed to maintaining financial policies that
would support maintenance of credit measures at such improved
levels."

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

S&P said, "Environmental factors are a moderately negative
consideration in our credit rating analysis of FXI Holdings Inc.,
which is primarily a commodity chemical producer of engineered
polyurethane foam products and solutions used in bedding,
furniture, comfort, and acoustic applications. The asset-intensive
nature of commodity chemical production lends itself to scrutiny
and regulations related to carbon dioxide emissions, waste, and
pollution, and the company is susceptible to ongoing risks related
to the production, transport, storage, utilization, and disposal of
products that are potentially hazardous, similar to the risks faced
by other companies in the chemicals sector. Governance is a
moderately negative consideration, as is the case for most rated
entities owned by private-equity sponsors. We believe the company's
highly leveraged financial risk profile points to corporate
decision-making that prioritizes the interests of its controlling
owners. This also reflects private-equity owners' generally finite
holding periods and focus on maximizing shareholder returns."



GENESIS GLOBAL: Wants Chapter 11 Mediator to Deal With Creditors
----------------------------------------------------------------
Emily Lever of Law360 reports that crypto lender Genesis Global is
asking a court to appoint a mediator for its bankruptcy
proceedings. Digital Currency Group (DCG), Genesis' owner, said the
move reflects the decision of a group of creditors to walk away
from a preliminary agreement reached earlier this 2023.

Genesis said in a filing at the federal bankruptcy court for the
Southern District of New York on Monday, April 24, 2023, that it's
seeking a mediator over "the amount, form, timing and other terms
and conditions of DCG's contribution to the debtors' reorganization
plan." DCG is also the parent company of CoinDesk.

The lending arm of Genesis halted withdrawals in November of last
year in the wake of the FTX exchange's collapse, with Genesis
filling for bankruptcy protection at the start of this 2023. In
February a lawyer for Genesis said DCG intends to sell Genesis'
crypto lending and trading platform as part of the bankruptcy
proceedings.

In a tweet on Tuesday, DCG said the request reflects the decision
of some of the creditors to walk away from the prior agreement.
These creditors have raised all new demands, DCG said.

DCG further said the latest move will prolong the court process.

                   About Genesis Global Holdco

Genesis Global Holdco, LLC, through its subsidiaries, and Global
Trading, Inc., provide lending and borrowing, spot trading,
derivatives and custody services for digital assets and fiat
currency.

Genesis Global Capital, LLC (GGC) and Genesis Asia Pacific PTE.
LTD. (GAP) provide lending and borrowing, spot trading, derivatives
and custody services for digital assets and fiat currency. Genesis
Global Holdco, LLC owns 100% of GGC and GAP.  

Genesis Global Holdco, LLC, GGC and GAP each filed a voluntary
petition for relief under Chapter 11 of the Bankruptcy Code (Bankr.
S.D.N.Y. Lead Case No. 23-10063) on Jan. 19, 2023. The cases are
pending before the Honorable Sean H. Lane.

At the time of the filing, Genesis Holdco reported $100 million to
$500 million in both assets and liabilities.

Genesis Holdco is a sister company of Genesis Global Trading, Inc.
("GGT") and 100% owned by Digital Currency Group, Inc. ("DCG").
GGT, DCG and certain of the Holdco subsidiaries are not included in
the Chapter 11 filings. The non-debtor subsidiaries include Genesis
UK Holdco Limited, Genesis Global Assets, LLC, Genesis Asia (Hong
Kong) Limited, Genesis Bermuda Holdco Limited, Genesis Custody
Limited ("GCL"), GGC International Limited ("GGCI"), GGA
International Limited, Genesis Global Markets Limited, GSB 2022 II
LLC, GSB 2022 III LLC and GSB 2022 I LLC.

The Debtors tapped Cleary Gottlieb Steen & Hamilton, LLP as
bankruptcy counsel; Morrison Cohen, LLP as special counsel; Alvarez
& Marsal Holdings, LLC as financial advisor; and Moelis & Company,
LLC as investment banker. Kroll Restructuring Administration, LLC
is the Debtors' claims and noticing agent and administrative
advisor.

The ad hoc group of creditors is represented by Kirkland & Ellis,
LLP and Kirkland & Ellis International, LLP. The ad hoc group of
Genesis lenders is represented by Proskauer Rose, LLP.

The U.S. Trustee for Region 2 appointed an official committee to
represent unsecured creditors in the Debtors' Chapter 11 cases. The
committee tapped White & Case, LLP as bankruptcy counsel; Houlihan
Lokey Capital, Inc. as investment banker; Berkeley Research Group,
LLC as financial advisor; and Kroll as information agent.


GLOBAL ENERGIES: 11th Circ. Won't Revive Chapter 11 Petition Fight
------------------------------------------------------------------
Madeline Lyskawa of Law360 reports that the Eleventh Circuit upheld
a Florida federal court's ruling finding that a Chapter 11
involuntary bankruptcy petition filed against Global Energies LLC
was filed in good faith, despite one of the former biofuel business
partner's claims otherwise.  Joseph Wortley, a founding shareholder
of Global Energies, earlier claimed that his former partners forced
the business into bankruptcy to oust him.  

                      About Global Energies

Chrispus Venture Capital, LLC, which was allegedly owed $1,092,375,
filed an involuntary Chapter 11 petition against Global Energies,
LLC, aka 714 Technologies, LLC, on July 1, 2010
(Case No. 10-28935, Bankr. E.D. Va.).  The case is assigned to
Judge Raymond B. Ray.  The Petitioners were represented by Chad P.
Pugatch, Esq., in Ft. Lauderdale, Florida.


GWG HOLDINGS: Class 4(a) Unsecureds to Get 8.5% to 21.9% of Claims
------------------------------------------------------------------
Judge Marvin Isgur has entered an order approving the Disclosure
Statement of GWG Holdings, Inc., et al.

The Debtors' request for a Confirmation Hearing on confirmation of
the Plan, and the following Confirmation Timeline, are approved:

   * The solicitation deadline will be on April 28, 2023.

   * The publication notice deadline will be on April 28, 2023.

   * The claim solicitation objection deadline will be on May 24,
2023.

   * The Plan Supplement filing deadline will be on May 24, 2023.

   * The assumption notice service deadline will be on May 30,
2023.

   * The voting deadline will be on May 31, 2023, at 4:00 p.m.,
prevailing Central Time.

   * The confirmation objection deadline will be on May 31, 2023,
at 11:59 p.m., prevailing Central Time.

   * The deadline to file a voting report will be on June 12,
2023.

   * The Plan confirmation hearing will be on June 15, 2023, at
1:30 p.m., prevailing Central Time.

GWG Holdings, Inc., et al., submitted a Modified Second Amended
Joint Chapter 11 Plan, proposed by the Debtors, the Bondholder
Committee, And L Bond Management, LLC as Co-Proponents.

The proposed Second Amended Plan seeks to achieve an orderly
wind-down of the Debtors' Estates that maximizes the value of all
estate assets. The proposed Second Amended Plan is the culmination
of more than nine months of investigations and related diligence
into the Debtors' assets by the Debtors' Independent Directors and
their advisors, and hard-fought postpetition negotiations regarding
the structure of the Second Amended Plan that resulted in a
settlement (the "Mediated Settlement") supported by the Debtors,
the Bondholder Committee, and LBM (the Bondholder Committee and LBM
being referred to herein as the "Creditor Proponents"). The Debtors
(including the Independent Directors), the Bondholder Committee,
LBM, and the Ad Hoc Broker/Dealer Committee all believe the Second
Amended Plan represents the best possible outcome for Bondholders
and urge all Bondholders to vote TO ACCEPT of the Second Amended
Plan.

The proposed wind-down under the Second Amended Plan will be
achieved by creating two liquidating trusts: (i) the Wind Down
Trust and (ii) the Litigation Trust. The Wind Down Trust will issue
trust interests (the New WDT Interests) to Holders of Claims and
Interests that are not paid in full in cash on the Effective Date
of the Second Amended Plan. Holders of the New WDT Interests
(including the Bondholders) will receive distributions via the Wind
Down Trust from four potential sources of value to which include
Policy Portfolio asset, FOXO asset, Beneficient asset and Retained
Causes of Action asset.

The Second Amended Plan is a "waterfall" Plan, which means that, in
general, the Bondholders are first in line to receive distributions
from the Wind Down Trust (subject to certain limited exceptions),
and the Bondholders and General Unsecured Creditors, pro rata, are
first in line to receive distributions on account of the Retained
Causes of Action. Each of the sources of value has uncertainty, and
the timing and amount of distributions will depend on a number of
factors that are outside the control of the Debtors.

Under the Plan, Class 4(a) General Unsecured Claims totaling
$20,278,288 will recover 8.5% to 21.9% of claims.  Each Holder of
an Allowed General Unsecured Claim shall receive its pro rata share
of the New Series B WDT Interests.  The New Series B WDT Interests
may be redeemed at any time without penalty at stated value and,
pending any such redemption, shall be entitled to Cash
distributions, but only pursuant to the priority of payment
waterfalls described in Article IV.H and Article VI.C of the Second
Amended Plan.  Class 4(a) is Impaired.

Class 4(b) GUC Convenience Claims totaling $83,335 will recover
100% of claims. Each Holder thereof shall receive, and the option
of the applicable Debtor, either: (i) payment in full in Cash of
the due and unpaid portion of its Allowed GUC Convenience Claim on
the later of (x) the Effective Date (or as soon thereafter as
reasonably practicable), or (y) as soon as practicable after the
date such Claim becomes due and payable; or (ii) such other
treatment rendering its Allowed GUC Convenience Claim Unimpaired.

Pursuant to the Second Amended Plan, a "GUC Convenience Claim"
means an Allowed Claim in an amount greater than $0.01 but less
than or equal to $2,750, that would otherwise qualify as a General
Unsecured Claim; provided, that any Holder of an Allowed General
Unsecured Claim may elect to have such Claim reduced to $2,750 and
treated as an Allowed GUC Convenience Claim for purposes of the
Second Amended Plan; provided, further, that notwithstanding the
foregoing, the total GUC Convenience Claims shall not exceed
$150,000 in the aggregate.  Class 4(b) is unimpaired.

Class 5 DLP Entity General Unsecured Claims will recover 100% of
claims.  On the Effective Date or as soon thereafter as such Claim
becomes an Allowed Claim, each Holder of an Allowed DLP Entity
General Unsecured Claim shall receive payment in full in Cash.
Class 5 is unimpaired.

The Confirmation Order shall provide that, upon the occurrence of
the Effective Date, the Wind Down Trust shall be deemed established
in accordance with the Wind Down Trust Agreement and the Second
Amended Plan.  On the Effective Date, the Wind Down Trust shall
commence the taking of all necessary steps to wind down the
business affairs of the Debtors.

The Wind Down Trust Assets shall be deemed disbursed by the Debtors
and transferred to the Wind Down Trust on the Effective Date, the
proceeds of which shall be distributed in accordance with the
waterfall set forth in Article IV.H of the Second Amended Plan. The
powers, authorities, responsibilities, and duties of the Wind Down
Trust and the Wind Down Trustee are set forth in and shall be
governed by the Second Amended Plan and the Wind Down Trust
Agreement. The Wind Down Trust Agreement, which shall be part of
the Plan Supplement, shall be consistent with the Second Amended
Plan and shall contain provisions customary to trust agreements
utilized in comparable circumstances, including, without
limitation, any and all provisions necessary to ensure the
continued treatment of the Wind Down Trust as a grantor trust. The
Wind Down Trust Agreement may provide powers, duties, and
authorities in addition to those explicitly stated herein, but only
to the extent that such powers, duties, and authorities do not
affect the status of the Wind Down Trust as a "liquidating trust"
for United States federal income tax purposes or as an entity that
can fall within the exception from registration in Section 7 of the
1940 Act for activities of companies that are merely incidental to
their dissolution.

In accordance with the Second Amended Plan, the Wind Down Trust's
sole purpose is to liquidate the Wind Down Trust Assets with a view
towards maximizing the value of such assets for the benefit of New
WDT Interest holders, and promptly distributing such liquidation
proceeds (in accordance with the provisions of the Second Amended
Plan) to New WDT Interest holders. The Wind Down Trust will have no
going concern operations and will not be permitted to continue or
engage in the conduct of a trade or business or to make any
investments (other than holding, on a temporary basis (pending
distribution to holders or use for payment of permitted expenses)
certain short-term, high-quality cash equivalents (as set out in
the Wind Down Trust Agreement); instead the Wind Down Trust's
activities will be limited to those reasonably necessary to, and
consistent with, the Wind Down Trust's liquidating purpose and
reasonably necessary to conserve, protect, and/or maximize the
value of the Wind Down Trust Assets and provide for the orderly
liquidation thereof. The Wind Down Trust Agreement shall contain
appropriate provisions for monetizing the Wind Down Trust Assets in
an orderly fashion, subject to the Wind Down Trustee's reasonable
business judgment. The Wind Down Trustee, on behalf of the Wind
Down Trust, will have discretion to enter into, consummate, settle,
or otherwise resolve any transaction or dispute with respect to
each of the Wind Down Trust Assets that have an economic value of
less than $5 million (in the Wind Down Trustee's good faith
determination) as of the date of the consummation, settlement, or
resolution of such transaction or dispute. The Wind Down Trustee
will submit all other matters to the Bankruptcy Court for approval
after notice and an opportunity for a hearing.

The Wind Down Trust will have an initial term of three years,
which, subject to applicable law, may be extended by the Wind Down
Trustee Filing a motion with the Bankruptcy Court prior to the
expiration of the existing term and obtaining Bankruptcy Court
approval of an extension for up to two years per request (subject,
in each instance, to reasonable due consideration being given to
implications of tax law and other applicable law of the proposed
extension of the term of the Wind Down Trust). The Wind Down
Trustee and the Litigation Trustee will cooperate and confer to
ensure that the Wind Down Trust does not terminate prior to the
Litigation Trust.

Except as otherwise provided in the Second Amended Plan or the
Confirmation Order, on the Effective Date, the Wind Down Trust
Assets shall be deemed transferred to the Wind Down Trust by the
Debtors, such assets shall vest in the Wind Down Trust on such
date, to be administered by the Wind Down Trustee in accordance
with the Second Amended Plan and the Wind Down Trust Agreement, and
the Debtors and their Estates shall have no further interest with
respect to the Wind Down Trust Assets. The Wind Down Trust Assets
will vest in the Wind Down Trust free and clear of all Liens,
Claims, Interests, encumbrances, etc. The act of transferring the
Wind Down Trust Assets, as authorized by the Second Amended Plan,
shall not be construed to destroy or limit any such assets or
rights or be construed as a waiver of any right, and such rights
may be asserted by the Wind Down Trustee as if the asset or right
was still held by the relevant Debtor. The Wind Down Trustee shall
have the authority to create additional sub-trusts within (or other
subsidiary Entities under) the Wind Down Trust, which may have a
separate legal existence, but which shall be considered sub-trusts
(or other subsidiary Entities under, as applicable) of the Wind
Down Trust.

Co-Counsel for the Debtors:

     Matthew D. Cavenaugh, Esq.
     Kristhy M. Peguero, Esq.
     1401 McKinney Street, Suite 1900
     Houston, TX 77010
     Telephone: (713) 752-4200
     E-mail: kpeguero@jw.com
             mcavenaugh@jw.com

Counsel for the Debtors:

     Charles S. Kelley, Esq.
     MAYER BROWN LLP
     700 Louisiana Street, Suite 3400
     Houston, TX 77002-2730
     Telephone: (713) 238-3000
     E-mail: ckelley@mayerbrown.com

          - and -

     Thomas S. Kiriakos, Esq.
     Louis S. Chiappetta, Esq.
     Jamie R. Netznik, Esq.
     Lisa Holl Chang, Esq.
     Joshua R. Gross, Esq.
     Jade Edwards, Esq.
     71 S. Wacker Drive
     Chicago, IL 60606
     Telephone: (312) 782-0600
     E-mail: tkiriakos@mayerbrown.com
             lchiappetta@mayerbrown.com
             jnetznik@mayerbrown.com
             lhollchang@mayerbrown.com
             jgross@mayerbrown.com  
             jmedwards@mayerbrown.com

          - and -

     Adam C. Paul, Esq.
     Lucy F. Kweskin, Esq.
     Ashley Anglade, Esq.
     1221 Avenue of the Americas
     New York, NY 10020-1001
     Telephone: (212) 506-2500
     E-mail: apaul@mayerbrown.com
             lkweskin@mayerbrown.com
             aanglade@mayerbrown.com

A copy of the Order dated April 21, 2023, is available at
https://bit.ly/3L4Gxe2 from PacerMonitor.com.

A copy of the Disclosure Statement dated April 21, 2023, is
available at https://bit.ly/3KYXvdO from PacerMonitor.com.

                         About GWG Holdings

Headquartered in Dallas Texas, GWG Holdings, Inc. (NASDAQ: GWGH)
conducts its life insurance secondary market business through a
wholly-owned subsidiary, GWG Life, LLC, and GWG Life's wholly owned
subsidiaries.

GWG Holdings Inc. and affiliates sought Chapter 11 bankruptcy
protection (Bankr. S.D. Texas Lead Case No. 22-90032) on April 20,
2022. In the petition filed by Murray Holland, president and chief
executive officer, GWG Holdings disclosed between $1 billion and
$10 billion in both assets and liabilities.

Judge Marvin Isgur oversees the cases.

The Debtors tapped Mayer Brown, LLP and Jackson Walker, LLP, as
bankruptcy counsels; Tran Singh, LLP as special conflicts counsel;
FTI Consulting, Inc. as financial advisor; and PJT Partners, LP as
investment banker. Donlin Recano & Company is the Debtors' notice
and claims agent.

National Founders LP, a debtor-in-possession (DIP) lender, is
represented by Michael Fishel, Esq., Matthew A. Clemente, Esq., and
William E. Curtin, Esq., at Sidley Austin, LLP.

The U.S. Trustee for Region 7 appointed an official committee to
represent bondholders in the Debtors' cases.  The committee tapped
Akin Gump Strauss Hauer & Feld, LLP and Porter Hedges, LLP as legal
counsels; Piper Sandler & Co. as investment banker; and
AlixPartners, LLP as financial advisor.


HEARTLAND DENTAL: Moody's Affirms 'B3' CFR, Outlook Stable
----------------------------------------------------------
Moody's Investors Service affirmed the ratings of HEARTLAND DENTAL,
LLC, including the B3 Corporate Family Rating, B3-PD Probability of
Default Rating, the B2 rating on the senior secured revolving
credit facility, and the Caa2 rating on the senior unsecured notes.
At the same time, Moody's assigned B2 ratings to the new first lien
term loan and new senior secured notes as part of the proposed
amend and extend transaction.  The outlook is stable.

The proposed $1,850.2 million, five-year, first lien term loan will
be used in conjunction with $500 million of new, five-year, secured
notes to refinance the existing first lien term loans which all
mature in 2025. The ratings of these legacy instruments will be
withdrawn upon their full repayment.  The transaction also includes
a $200 million equity investment from the existing private equity
sponsors, KKR and Ontario Teachers' Pension Plan Board as well as a
$75 million equity investment from new investor Align Technology,
Inc.  The amendment will also move all the existing tranches of
debt to SOFR from LIBOR.  

The cash added to the balance sheet by the new equity investments
will be used to fund new dental affiliations and clinic openings.
The financing is credit positive as it will fund significant growth
without increasing leverage.

The affirmation of the B3 CFR reflects the expectation that
Heartland will continue to be aggressive in its growth strategy but
that it will maintain good liquidity and could reduce discretionary
spending should it face a more challenging operating environment.
Moody's expects the company to continue to spend heavily to fund
new dental office openings and to fund affiliations with existing
practices. That said, Moody's forecasts leverage will decline to
the 6.8x range by the end of 2023 driven by organic growth,
improved productivity from newly hired hygienists, rising payor
rates, acquisitions / clinic expansions and recently implemented
cost savings actions. The B3 rating is further supported by a
favorable industry outlook and Heartland's good operating and
acquisition track record.

Assignments:

Issuer: HEARTLAND DENTAL, LLC

Backed Senior Secured 1st Lien Term Loan, Assigned B2

Backed Senior Secured Regular Bond/Debenture, Assigned B2

Affirmations:

Issuer: HEARTLAND DENTAL, LLC

Corporate Family Rating, Affirmed B3

Probability of Default Rating, Affirmed B3-PD

Backed Senior Secured 1st Lien Revolving Credit Facility, Affirmed
B2

Backed Senior Unsecured Regular Bond/Debenture, Affirmed Caa2

Outlook Actions:

Issuer: HEARTLAND DENTAL, LLC

Outlook, Remains Stable

RATINGS RATIONALE

Heartland's B3 Corporate Family Rating reflects its high
debt/EBITDA of 7.6x for the last twelve months ending December 31,
2022, and negative free cash flow considering the company's
aggressive growth strategy. Heartland consistently levers up for
affiliations and new clinic growth but has a good track record of
deleveraging. Moody's expects that leverage will decline to the
6.8x range by the end of 2023 as EBITDA improves.  Organic growth,
improved productivity from newly hired hygienists, rising payor
rates, acquisitions / clinic expansions and already implemented
cost savings actions will improve earnings. The rating also
reflects the company's position as one of the largest dental
support organizations (DSOs) in the US, favorable industry dynamics
and good geographic diversity. Additionally, Heartland has some
ability to improve cash flow and liquidity by reducing new office
openings and new dentist affiliation investments.

Moody's expects Heartland to maintain good liquidity over the next
12-18 months. The company has historically had negative free cash
flow due to growth and acquisition spending. Moody's believes that
free cash flow will be negative in 2023 due to continued spending
on affiliation acquisitions, and new clinics openings. Liquidity is
supported by the company's $226 million cash balance, pro forma for
the transaction, and an undrawn $280 million revolver.

Although preliminary and subject to change, the new $1,850.2
million first lien term loan marketing term sheet contains similar
covenants to the existing credit agreement.  Similar to the
existing term loans, there will be no financial maintenance
covenants on the new term loan.  The new senior secured notes will
have the same security interest as the new term loan.  

The revolver matures in 2027 and is subject to a springing net
secured leverage ratio which is in effect if 35% or more of the
facility is drawn. The revolver is currently undrawn, but Moody's
considers there to be adequate covenant cushion if it were to be
tested.

HEARTLAND DENTAL, LLC's (Heartland) CIS-4 Indicates the rating is
lower that it would have been if ESG risk exposures did not exist.
Credit exposure to environmental risk considerations include the
company's exposure to physical climate risk as Heartland has
significant concentration in Texas and Florida, which makes the
company susceptible to hurricanes and other extreme weather
conditions that could disrupt operations. Heartland's S-4 reflects
social risks related to demographic and societal trends such as the
rising concerns around the access and affordability of healthcare
services. The company is exposed to changes in reimbursement rates
by its payors as well as economic downturn that could affect
patients' spending. Heartland is also exposed to labor pressures
and human capital constraints as the company relies on highly
specialized labor to provide its services. The G-4 governance score
reflects Heartland's aggressive financial strategy to support the
company's rapid expansion as it grows through a combination of new
clinic openings and acquisitions. Further, Heartland's ownership by
private equity sponsor makes it more at risk to partake in
shareholder friendly policies that can include debt funded
dividends.

The outlook is stable. Moody's expects Heartland will continue to
benefit from strong demand for general dentistry and margin
improvements driven by the ramp-up of newly hired hygienists,
recently implemented cost savings actions, and rising payor rates.


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

The ratings could be downgraded if the company's earnings weaken or
financial leverage increases. Pursuit of an overly aggressive
expansion strategy or deterioration in Heartland's cash flow or
liquidity could also result in a ratings downgrade.

The ratings could be upgraded if Heartland adopts less aggressive
financial policies and reduces debt to EBITDA below 6.0 times.
Additionally, the company would have to materially improve free
cash flow.

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

Heartland provides support staff and comprehensive business support
functions under administrative service agreements to its affiliated
dental offices, organized as professional corporations. Heartland
currently operates more than 1699 offices across 38 states.
Heartland is majority-owned by KKR, and Ontario Teachers' Pension
Plan Board maintains partial ownership. The company generated about
$2.8 billion in net patient service revenue as of December 31,
2022.


IMPERVA INC: Moody's Affirms 'B3' CFR & Alters Outlook to Negative
------------------------------------------------------------------
Moody's Investors Service affirmed Imperva, Inc.'s ratings,
including the B3 Corporate Family Rating, and revised the outlook
to negative from stable.  The negative outlook reflects weakening
liquidity as cash flows remain negative and the revolving credit
approaches maturity.  The revolving credit facility matures in
[January] 2024.

Free cash flow was negative $50 million in 2022 and Moody's expects
free cash flow to remain negative in 2023 albeit moderately
improving.  Imperva continues to grow revenues but ongoing growth
initiatives continue to compromise EBITDA margins and free cash
flow.  While Moody's expects that Imperva will continue to grow
revenues and will have some ability to modify its cost structure,
interest rates have also risen significantly, further pressuring
cash flow and effectively offsetting growth in EBITDA.

RATINGS RATIONALE

Imperva's B3 CFR reflects the company's extremely high leverage,
offset to some degree by growth prospects and leadership positions
across web application firewall (WAF), distributed denial of
service (DDoS), data protection and runtime application
self-protection (RASP) markets. Leverage was over 18x for LTM
December 31, 2022 period (and over 10x pro forma for certain
temporary charges and credit for recent cost actions). Trailing
free cash flow/debt is negative in part due to recent investments
in sales, marketing and R&D, as well as transaction and
restructuring costs and temporary software expenses. Given
Imperva's growth potential, leverage should improve over the next
12-18 months but remain over 10x due to continued elevated
investment in the business.

Imperva's revenue growth has benefitted from strong cyber security
spending offset to some degree by a transition to a subscription
mode and delays in updating the product portfolio. Imperva's long
term growth is driven by the proliferation of attacks, the
continued expansion of applications and data that need to be
protected, and the need to quickly analyze threats. However,
liquidity remains a challenge as cash balances continue to decline
and Imperva faces hurdles to reach break-even free cash flow
without additional equity injections. The company received an
equity contribution in April 2022 to help fund R&D and other growth
initiatives.  

Liquidity is weak driven by continued negative free cash flow and
an $80 million revolving credit facility that matures in less than
a year.  Imperva held cash of approximately $50 million with $23
million drawn under the revolving credit facility as of December
31, 2022. The revolver has been amended to effectively permit full
availability until maturity.

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

The ratings could be upgraded if Imperva maintains its strong
growth profile, leverage is below 6.5x, and free cash flow to debt
is greater than 5%.  An upgrade would also require a significant
improvement in liquidity. The rating could be downgraded if growth
slows, free cash flow is expected to be negative, or leverage is
expected to exceed 9x on other than a temporary basis. The ratings
could also be downgraded if liquidity continues to weaken.

Imperva's ESG credit impact score is CIS-4, primarily driven by
governance risks. Governance risks arise from high leverage levels
and associated aggressive financial policies of private equity
owner, Thoma Bravo. Moderately negative social risks stem from
potential cybersecurity breaches and access to skilled talent.

The following ratings were affected:

Affirmations:

Issuer: Imperva, Inc.

Corporate Family Rating, Affirmed B3

Probability of Default Rating, Affirmed B3-PD

Backed Senior Secured First Lien Bank Credit Facility, Affirmed
B2

Backed Senior Secured Second Lien Bank Credit Facility, Affirmed
Caa2

Outlook Actions:

Issuer: Imperva, Inc.

Outlook, Changed To Negative From Stable

Imperva, Inc. is global provider of security products that protect
applications and databases from cyber-attacks. The company, based
in Redwood Shores, CA, had pro forma revenues of approximately $496
million for the twelve months ended December 31, 2022. Imperva was
acquired by private equity firm Thoma Bravo in January 2019.

The principal methodology used in these ratings was Software
published in June 2022.


INTEGRATED COOLING: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------------
The U.S. Trustee for Region 21, until further notice, will not
appoint an official committee of unsecured creditors in the Chapter
11 case of Integrated Cooling Experts, Inc., according to court
dockets.
    
                 About Integrated Cooling Experts

Integrated Cooling Experts, Inc. operates an HVAC and equipment
repair and installation business in Gulf Breeze, Fla.

Integrated Cooling Experts sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. N.D. Fla. Case No. 23-30159) on
March 13, 2023. In the petition signed by Daniel Cotton, president,
the Debtor disclosed up to $50,000 in assets and up to $500,000 in
liabilities.

Judge Jerry C. Oldshue, Jr. oversees the case.

Byron W. Wright III, Esq., at Bruner Wright, P.A., represents the
Debtor as legal counsel.


INTELSAT SA: Insider Trading Lawsuit Falls Short for Shareholders
-----------------------------------------------------------------
Martina Barash of Bloomberg Law reports that the chairman of the
Intelsat SA board and two investment groups that allegedly
controlled the company have defeated an investor suit alleging they
engaged in insider trading about two weeks before the satellite
operator's stock price plunged.

Confidential witness accounts don't add enough relevant detail to
revive the investors' proposed class action, Judge Jeffrey S. White
said Wednesday, April 26, 2023, for the US District Court for the
Northern District of California.

The company's fortunes allegedly hinged on a Federal Communications
Commission decision about a broadcasting frequency range known as
the C-Band, which was being eyed for 5G cell phone service.

                       About Intelsat S.A.

Intelsat S.A. -- http://www.intelsat.com/-- is a publicly held
operator of satellite services businesses, which provides a diverse
array of communications services to a wide variety of clients,
including media companies, telecommunication operators, internet
service providers, and data networking service providers.  The
Company is also a provider of commercial satellite communication
services to the U.S. government and other select military
organizations and their contractors.  The Company's administrative
headquarters are in McLean, Virginia, and the Company has extensive
operations spanning across the United States, Europe, South
America, Africa, the Middle East, and Asia.

Intelsat S.A. and its debtor-affiliates concurrently filed
voluntary petitions for relief under Chapter 11 of the Bankruptcy
Code (Bankr. E.D. Va. Lead Case No. 20-32299) on May 13, 2020.  The
petitions were signed by David Tolley, executive vice president,
chief financial officer, and co-chief restructuring officer.  At
the time of the filing, the Debtors disclosed total assets of
$11,651,558,000 and total liabilities of $16,805,844,000 as of
April 1, 2020.

Judge Keith L. Phillips oversees the cases.

The Debtors tapped Kirkland & Ellis LLP and Kutak Rock LLP as legal
counsel; Alvarez & Marsal North America, LLC as restructuring
advisor; PJT Partners LP as financial advisor & investment banker;
Deloitte LLP as tax advisor; and Deloitte Financial Advisory
Services LLP as fresh start accounting services provider.  Stretto
is the claims and noticing agent.

The Office of the U.S. Trustee appointed a committee of unsecured
creditors on May 27, 2020. The committee tapped Milbank LLP and
Hunton Andrews Kurth LLP as legal counsel; FTI Consulting, Inc., as
financial advisor; Moelis & Company LLC as investment banker; Bonn
Steichen & Partners as special counsel; and Prime Clerk LLC as
information agent.





JACK GRAY LOGISTICS: Involuntary Chapter 11 Case Summary
--------------------------------------------------------
Alleged Debtor: Jack Gray Logistics Network
                4600 E. 15th Avenue
                Gary IN 46403

Business Description: The Debtor is a transportation provider of
                      bulk materials.

Involuntary Chapter
11 Petition Date: May 4, 2023

Court: United States Bankruptcy Court
       Northern District of Indiana

Case No.: 23-20739

Petitioner's Counsel: Paul B. Poracky, Esq.
                      425 Joliet Street, Suite 425
                      Dyer, Indiana 46311
                      Tel: 219-865-6700
                      Email: PPoracky@KBLegal.net

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

https://www.pacermonitor.com/view/A6TYU2Y/Jack_Gray_Logistics_Network__innbke-23-20739__0001.0.pdf?mcid=tGE4TAMA

Alleged creditor who signed the petition:

  Petitioner                      Nature of Claim   Claim Amount

Brian Halaschak                   Unpaid Services        $75,994
3900 Winter Lane               Unpaid Compensation
Valparaiso, IN 46385


JACK GRAY TRANSPORTATION: Involuntary Chapter 11 Case Summary
-------------------------------------------------------------
Alleged Debtor: Jack Gray Transportation Services, Inc.
                4600 E. 15th Avenue
                Gary IN 46403

Involuntary Chapter
11 Petition Date: May 4, 2023

Court: United States Bankruptcy Court
       Northern District of Indiana

Case No.: 23-20737

Petitioner's Counsel: Paul B. Poracky, Esq.
                      425 Joliet Street, Suite 425
                      Dyer, Indiana 46311
                      Tel: 219-865-6700
                      Email: PPoracky@KBLegal.net

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

https://www.pacermonitor.com/view/AP2SKIQ/Jack_Gray_Transportation_Services__innbke-23-20737__0001.0.pdf?mcid=tGE4TAMA

Alleged creditor who signed the petition:

  Petitioner                     Nature of Claim   Claim Amount

Stoll Logistics, LLC             Unpaid Services        $36,158
906 Tanglewood Court           Unpaid Compensation
Oconomowoc, WI 53066


JNJ HOME: Seeks to Hire Charles A. Higgs as Litigation Counsel
--------------------------------------------------------------
JNJ Home Health Care, Inc. seeks approval from the U.S. Bankruptcy
Court for the Eastern District of New York to employ the Law Office
of Charles A. Higgs as its special litigation counsel.

The firm will render these services:

     (a) review potential causes of action, the Debtor may have
against various parties;

     (b) prepare all necessary adversary complaints and/or motions
required in order to assert the Debtor's claims; and

     (c) represent the Debtor in adversary proceedings, claim
objections, 2004 examination, and other contested matters.

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

     Charles A. Higgs, Esq. $400
     Paraprofessionals      $200

The firm received a pre-bankruptcy retainer of $10,000.

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

The firm can be reached through:

     Charles A. Higgs, Esq.
     The Law Office of Charles A. Higgs
     2 Depot Plaza, Ste. 4
     Bedford Hills, NY 10507
     Telephone: (917) 673-3768
     Email: Charles@FreshStartEsq.com

                      About JNJ Home Health Care

JNJ Home Health Care, Inc. is a provider of home healthcare
services. The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bakr. E.D. N.Y. Case No. 23-41382) on April 24,
2023. In the petition signed by Caren D. Serieux-Bazelais, CEO, the
Debtor disclosed $1,616,300 in assets and $3,550,540 in
liabilities.

Judge Jil Mazer-Marino oversees the case.

The Debtor tapped the Law Office of James J. Rufo as bankruptcy
counsel and the Law Office of Charles A. Higgs as special
litigation counsel.


JNJ HOME: Seeks to Hire James J. Rufo as Bankruptcy Counsel
-----------------------------------------------------------
JNJ Home Health Care, Inc. seeks approval from the U.S. Bankruptcy
Court for the Eastern District of New York to employ the Law Office
of James J. Rufo as its bankruptcy counsel.

The firm will render these services:

     (a) advise the Debtor concerning the conduct of the
administration of its Chapter 11 bankruptcy case;

     (b) prepare all necessary applications and motions as required
under the Bankruptcy Code, Federal Rules of Bankruptcy Procedure,
and Local Bankruptcy Rules;

     (c) prepare a plan of reorganization; and

     (d) other legal services that are necessary for the
administration of the case.

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

     James J. Rufo, Esq.    $400
     Paraprofessionals      $200

The firm received a retainer of $11,738.

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

The firm can be reached through:

     James J. Rufo, Esq.
     The Law Office of James J. Rufo
     1133 Westchester Avenues, Suite N-202
     White Plains, NY 10604
     Telephone: (914) 600-7161
     Email: jrufo@jamesrufolaw.com

                      About JNJ Home Health Care

JNJ Home Health Care, Inc. is a provider of home healthcare
services in Brooklyn, N.Y.

JNJ Home Health Care sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. N.Y. Case No. 23-41382) on April 24,
2023. In the petition signed by its chief executive officer, Caren
D. Serieux-Bazelais, the Debtor disclosed $1,616,300 in assets and
$3,550,540 in liabilities.

Judge Jil Mazer-Marino oversees the case.

The Debtor tapped the Law Office of James J. Rufo as bankruptcy
counsel and the Law Office of Charles A. Higgs as special
litigation counsel.


KINGS 828 TRUCKING: Scott Seidel Named Subchapter V Trustee
-----------------------------------------------------------
William Neary, U.S. Trustee for Region 6, appointed Scott Seidel as
Subchapter V trustee for Kings 828 Trucking, LLC.

Mr. Seidel will be paid an hourly fee of $495 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

Mr. Seidel declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Scott Seidel
     6505 West Park Blvd., Suite 306
     Plano, TX 75093
     214-234-2500-main
     214-234-2503-direct
     Email: scott@scottseidel.com

                      About Kings 828 Trucking

Kings 828 Trucking, LLC filed a petition under Chapter 11,
Subchapter V of the Bankruptcy Code (Bankr. N.D. Texas Case No.
23-41110) on April 19, 2023, with as much as $1 million in both
assets and liabilities. Judge Edward L. Morris oversees the case.

The Debtor is represented by Eric A. Liepins, PC.


LEGACY CONSTRUCTION: Court OKs Cash Collateral Access Thru May 9
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Florida,
Orlando Division, authorized Legacy Construction, Inc. d/b/a Legacy
Custom Built to use cash collateral on an interim basis through May
9, 2023.

The Debtor is permitted to use cash collateral to pay:

     (a) amounts expressly authorized by the Court, including
payments to the United States Trustee for quarterly fees;

     (b) the current and necessary expenses set forth in the
budget; and

     (c) additional amounts as may be expressly approved in writing
by the U.S. Small Business Administration as creditor within 48
hours of the Debtor's request. The Debtor will be entitled to
prompt court hearings on any disputed proposed expenditures.

The Court order provides that the Debtor's secured creditors will
have a perfected post-petition lien against cash collateral to the
same extent and with the same validity and priority as the
pre-petition lien, without the need to file or execute any
documents as may otherwise be required under applicable
non-bankruptcy law.

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

A continued preliminary hearing on the matter is set for May 9 at 2
p.m.

A copy of the order is available at https://bit.ly/3p1r7Qg from
PacerMonitor.com.

                    About Legacy Construction

Legacy Construction Inc., doing business as Legacy Custom Built,
specializes in all forms of custom work, providing pre-construction
and construction services including budgeting, architect selection,
design development and problem solving from beginning to end.

Legacy Construction filed a petition for relief under Subchapter V
of Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No.
23-01157) on March 29, 2023, with total assets of $1,201,766 and
total liabilities of $2,170,351. Jerrett M. McConnell has been
appointed as Subchapter V trustee.

Judge Lori V. Vaughan oversees the case.

The Debtor is represented by Jeffrey S. Ainsworth, Esq., at
BransonLaw, PLLC


LIBERTY POWER: General Unsecured Creditors Get Nothing in Plan
--------------------------------------------------------------
Liberty Power Holdings, LLC, LPT, LLC, Liberty Power Maryland, LLC,
and Liberty Power District of Columbia, LLC, submitted a Chapter 11
Plan of Liquidation and a Joint Disclosure Statement.

The distribution agent will make all distributions under the Plan
from the Available Cash, which as set forth in the Liquidation
Analysis, Cash in the Debtors' bank accounts, the Professional Fee
Escrow, the retainers of Professionals, and proceeds from the
prosecution and/or settlement of Causes of Action before and after
the Effective Date, including pursuant to the D&O Settlement
Agreement and the Kaufman Settlement Agreement. Pursuant to the
BETM Plan Settlement and subject to and conditioned on confirmation
of the Plan and the Plan becoming effective, BETM has agreed to
subordinate its right to receive a Distribution on account of: (a)
the DIP Financing Claims, (b) the BETM Adequate Protection
Obligation, and (c) the BETM Class 4 Allowed Secured Claim, so as
to enable the Debtors to use the Available Cash (i) to pay the
Agreed Senior Claims in connection with confirmation of the Plan,
and/or (ii)to pay for the prosecution of Causes of Action on terms
acceptable to the Debtors and BETM. As a material inducement to
BETM's agreement to the BETM Plan Settlement so as to allow the
Debtors to use the Available Cash as set forth above, effective
automatically on the Effective Date, the Debtors shall provide
general releases to the BETM Released Parties as more fully set
forth in the Plan.

After the Debtors conducted a fulsome marketing and sale process of
the Debtors' assets pursuant to several orders of the Court, on
August 20, 2021, the Debtors filed their Expedited Motion (I) to
Approve Designation of Stalking Horse Bidder, (II) to Approve Asset
Purchase Agreement and Related Bid Protections, (III) to
Clarify/Modify Bidding Procedures, and (IV) for Related Relief (the
"Stalking Horse Motion"), which Stalking Horse Motion included a
fully executed copy of that certain Asset Purchase Agreement, dated
August 20, 2021, between the Debtors and NRG Energy, Inc., (the
"Buyer"), which agreement was subsequently modified and filed with
the Court on August 23, 2021 by that certain Notice of Filing
Modifications to Stalking Horse Agreement (the "Stalking Horse
Agreement"). On August 26, 2021, the Court entered an Order
granting the Stalking Horse Motion over certain objections filed by
creditor BLT Fish, LLC, BLT Steak, LLC, and Commonwealth of
Massachusetts.

On Aug. 31, 2021, the Debtors selected the Buyer, NRG Energy, Inc.,
as the Successful Bidder for the Purchased Assets as noted in that
certain Notice of (I) Cancellation Of Auction Scheduled For
September 1, 2021 At 9:00 a.m., and (II) Designation Of Stalking
Horse Bidder As The Purchaser (the "Notice of Successful Bidder").


On Sept. 14, 2021, the Court entered an order approving, among
other things, the sale of a substantial portion of the Debtors'
"book of business," namely all of the Debtors' residential customer
contracts and a portion of the Debtors' commercial customer
contracts as described more fully in the Stalking Horse Agreement
(the "Purchased Assets") free and clear of liens, claims,
encumbrances, and other interest and authorized the assumption and
assignment of certain executory contracts and unexpired leases in
connection therewith to NRG Energy, Inc. and its affiliates ("NRG"
or "Buyer").  On Sept. 22, 2021, the Debtors and the Buyer closed
on the sale of the Purchased Assets.

In connection with the Sale Order, and as a condition to the
Debtors' use of BETM's cash collateral, the Debtors transferred an
amount equal to $18,830,301 of the Purchase Price to be applied by
BETM to reduce the Pre-Petition Obligations.

Under the Plan, Class 7 General Unsecured Claims (All Debtors)
shall not receive any Distribution or property under the Plan on
account of their Allowed General Unsecured Claims. Class 7 is
impaired.

Class 8 Subordinated Unsecured Claim of The Illinois Attorney
General (Holdings Only) total $77,191,092, which was approved by
the Court pursuant to that certain Agreed Order Granting Ex-Parte
Joint Motion and Stipulation for Entry of An Agreed Order Resolving
Objection to Claim of the Illinois Attorney General's Office
entered on September 7, 2022. The Illinois Attorney General, as the
holder of the Class 8 Allowed Subordinated Unsecured Claim, will
not receive any Distribution or retain any property under the Plan
on account of such Claim. Class 8 is impaired.

The distributions to be made in cash under the terms of this Plan
shall be funded from the available cash on hand as of and generated
after the Effective Date as set forth on the Liquidation Analysis,
which includes, without limitation, Cash in the Debtors' bank
accounts, the Professional Fee Escrow, the retainers of
Professionals, and proceeds from the prosecution and/or settlement
of Causes of Action, including pursuant to the D&O Settlement
Agreement and the Kaufman Settlement Agreement. Pursuant to the
BETM Plan Settlement, and subject to the occurrence of the
Effective Date, BETM has agreed to allow the Debtors to use the
Available Cash to pay the Agreed Senior Claims pursuant to the
terms of the Plan.

Counsel for the Debtors:

     Paul J. Battista, Esq.
     Mariaelena Gayo-Guitian, Esq.
     Heather L. Harmon, Esq.
     VENABLE, LLP
     100 SE 2nd Street, 44th Floor
     Miami, FL 33131
     Telephone: (305) 349-2300
     Facsimile: (305) 349-2310

A copy of the Disclosure Statement dated April 21, 2023, is
available at https://bit.ly/3N6tfjK from Stretto, the claims
agent.

                       About Liberty Power

Established in 2001 and headquartered in Fort Lauderdale, Fla.,
Liberty Power Holdings, LLC is one of the largest and
longest-tenured owner-operated retail electricity providers in the
United States.  It provides large and small businesses, government
agencies and residential customers with competitively-priced
electricity, sustainability solutions and exceptional customer
service.

Liberty Power filed a voluntary petition for Chapter 11
reorganization (Bankr. S.D. Fla. Case No. 21-13797) on April 20,
2021.  On June 4, 2021, LPT, LLC, Liberty Power Maryland, LLC and
Liberty Power District of Columbia, LLC sought Chapter 11
protection. The cases are jointly administered under Case No.
21-13797 and have been assigned to Judge Scott M. Grossman.

At the time of the filing, Liberty Power disclosed total assets of
up to $100 million and total liabilities of up to $500 million.

The Debtors tapped Venable, LLP as legal counsel and Berkeley
Research Group, LLC as restructuring advisor.  Robert Butler,
managing director at Berkeley, serves as the Debtors' chief
restructuring officer.  Stretto is the claims and noticing agent.

Boston Energy Trading and Marketing, LLC, as DIP lender, is
represented by Eversheds Sutherland (US) LLP.


LIBERTY POWER: Wins Approval to Solicit Votes on Plan
-----------------------------------------------------
Liberty Power Holdings, LLC, LPT, LLC, Liberty Power Maryland, LLC
and Liberty Power District of Columbia, LLC, sought and obtained an
order conditionally approving the Joint Disclosure Statement with
respect to their Joint Plan of Liquidation.

The Court held that the Disclosure Statement contains adequate
information as that term is defined in Bankruptcy Code Sec. 1125
and is conditionally approved to be used in connection with the
post-petition solicitation of votes to accept or reject the Plan.

The Court approved these deadlines:

   * Deadline for serving the Disclosure Statement Order,
Disclosure Statement, Plan and Ballot: May 16, 2023 (30 days before
Combined Hearing);

   * Deadline for objections to claims: June 1, 2023 (14 calendar
days before Combined Hearing);

   * Deadline for fee applications: June 1, 2023 (14 calendar days
before Combined Hearing)

   * Deadline for filing ballots accepting or rejecting the Plan:
June 1, 2023 (14 calendar days before Combined Hearing);

   * Deadline for objections to confirmation: June 8, 2023 (7
calendar days before Combined Hearing);

   * Deadline for objections to final approval of the Disclosure
Statement: June 8, 2023 (7 calendar days before Combined Hearing);

   * Combined hearing to consider final approval of the Disclosure
Statement and confirmation of the Plan: June 15, 2023 at 1:30 p.m.

The Plan filed April 14, 2023, contemplates: (a) the payment of
Allowed Administrative Expense Claims and Allowed Priority Claims
(the "Unimpaired Unsecured Claims") from the proceeds of the BETM
Settlement (as defined in the Plan), (b) the surrender of
collateral to all secured creditors (other than BETM) in
satisfaction of the Secured Claims, and (c) the subordination of
BETM's right to receive a distribution on account of its Allowed
Superpriority Administrative Expense Claims and its Secured Claims
so that, subject to the terms of the Plan, the Debtors can pay the
Unimpaired Unsecured Claims in full, in cash, from the proceeds of
BETM's collateral. All other Classes of Creditors and Equity
Holders are deemed to have rejected the Plan and the Debtors will
not solicit acceptances to the Plan from those Classes. Therefore,
the Debtors will only solicit acceptances to the Plan from BETM.

Counsel for the Debtors:

     Paul J. Battista, Esq.
     Mariaelena Gayo-Guitian, Esq.
     Heather L. Harmon, Esq.
     VENABLE, LLP
     100 SE 2nd Street, 44th Floor
     Miami, FL 33131
     Telephone: (305) 349-2300
     Facsimile: (305) 349-2310
     E-mail: pjbattista@venable.com
             mguitian@venable.com
             hlharmon@venable.com

                       About Liberty Power

Established in 2001 and headquartered in Fort Lauderdale, Fla.,
Liberty Power Holdings, LLC is one of the largest and
longest-tenured owner-operated retail electricity providers in the
United States. It provides large and small businesses, government
agencies and residential customers with competitively-priced
electricity, sustainability solutions and exceptional customer
service.

Liberty Power filed a voluntary petition for Chapter 11
reorganization (Bankr. S.D. Fla. Case No. 21-13797) on April 20,
2021. On June 4, 2021, LPT, LLC, Liberty Power Maryland, LLC and
Liberty Power District of Columbia, LLC sought Chapter 11
protection.  The cases are jointly administered under Case No.
21-13797 and have been assigned to Judge Scott M. Grossman.

At the time of the filing, Liberty Power disclosed total assets of
up to $100 million and total liabilities of up to $500 million.

The Debtors tapped Venable, LLP as legal counsel and Berkeley
Research Group, LLC as restructuring advisor.  Robert Butler,
managing director at Berkeley, serves as the Debtors' chief
restructuring officer.  Stretto is the claims and noticing agent.

Boston Energy Trading and Marketing, LLC, as the DIP lender, is
represented by Eversheds Sutherland (US) LLP.


LUMINOUS MOBILE: Kimberly Clayson Named Subchapter V Trustee
------------------------------------------------------------
Andrew Vara, U.S. Trustee for Regions 3 and 9, appointed Kimberly
Ross Clayson of Jaffe Raitt Heuer & Weiss, P.C. as Subchapter V
trustee for Luminous Mobile, LLC.

Ms. Clayson will be paid an hourly fee of $350 for her services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.  

Ms. Clayson declared that she is a disinterested person according
to Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Kimberly Ross Clayson
     Jaffe Raitt Heuer & Weiss, P.C.
     27777 Franklin Rd., Ste. 2500
     Southfield, MI 48034
     (248) 727.1635
     Email: kclayson@jaffelaw.com

                       About Luminous Mobile

Luminous Mobile, LLC filed a Chapter 11 petition (Bankr. E.D. Mich.
Case No. 23-43724) on April 23, 2023, with $50,001 to $100,000 in
assets and $100,001 to $500,000 in liabilities. Judge Lisa S.
Gretchko oversees the case.

The Debtor is represented by Robert N. Bassel, Esq.


MARKING IMPRESSIONS: Glen Watson Named Subchapter V Trustee
-----------------------------------------------------------
Paul Randolph, Acting U.S. Trustee for Region 8, appointed Glen
Watson as Subchapter V trustee for Marking Impressions, Corp.

Mr. Watson will be paid an hourly fee of $425 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

Mr. Watson declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Glen Watson
     P.O. Box 121950
     Nashville, TN 37212
     Email: glen@watsonpllc.com
     Phone: (615) 823-4680

                     About Marking Impressions

Marking Impressions, Corp., doing business as American
Waterblasting, filed a petition under Chapter 11, Subchapter V of
the Bankruptcy Code (Bankr. M.D. Tenn. Case No. 23-01470) on April
24, 2023. In the petition signed by its chief executive officer,
Wayne Todd Pope, the Debtor disclosed $2,741,294 in assets and
$5,499,299 in liabilities.

Judge Charles M. Walker oversees the case.

Steven L. Lefkovitz, Esq., at Lefkovitz & Lefkovitz is the Debtor's
legal counsel.


MIKE JOHNSON AZ: James Cross Named Subchapter V Trustee
-------------------------------------------------------
Ilene Lashinsky, U.S. Trustee for Region 14, appointed James Cross
as Subchapter V trustee for Mike Johnson AZ Property Investment,
LLC.

Mr. Cross will be paid an hourly fee of $425 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

Mr. Cross declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     James E. Cross
     Cross Law Firm, P.L.C.
     7301 N. 16th St., Suite 102
     Phoenix, AZ 85020
     Phone: (602) 412-4422
     Facsimile: (480) 452-1867
     Email: jcross@crosslawaz.com

                      About Mike Johnson AZ

Mike Johnson AZ Property Investment, LLC filed a petition under
Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Ariz.
Case No. 23-02598) on April 24, 2023. Judge Paul Sala oversees the
case.


MISSISSIPPI CENTER: Court Directs U.S. Trustee to Appoint PCO
-------------------------------------------------------------
Judge Jamie Wilson of the U.S. Bankruptcy Court for the Southern
District of Mississippi directed the U.S. Trustee for Region 5 to
appoint a patient care ombudsman for Mississippi Center for
Advanced Medicine, P.C.

The bankruptcy judge finds that the provisions of Section 333(a)(1)
of the Bankruptcy Code for appointment of a patient care ombudsman
apply to Mississippi Center for Advanced Medicine after having
filed its bankruptcy petition, indicating that it operates a health
care business.

The bankruptcy judge further ordered the U.S. Trusttee to appoint a
disinterested person to serve as PCO unless the U.S. Trustee or
other party in interest files a motion to dispense with the
appointment of a patient care ombudsman within 21 days of the date
of the court order as provided by Federal Rules of Bankruptcy
Procedure 1021(b) and 2007.2(a).

If such a motion is timely filed, the court will conduct an
evidentiary hearing as to whether a patient care ombudsman should
be appointed on May 16, at 11:00 a.m., in the Thad Cochran U. S.
Courthouse, Bankruptcy Courtroom 4C, 501 East Court St., Jackson,
Miss.

          About Mississippi Center for Advanced Medicine

Mississippi Center for Advanced Medicine, P.C. is a healthcare
organization in Mississippi that integrates subspecialty care,
clinical pharmacy services, and care coordination for patients with
pediatric, congenital, and maternal fetal disorders.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Miss. Case No. 23-00962) on April 21,
2023. In the petition signed by Jordan Robinson, vice president and
chief operating officer, the Debtor disclosed up to $10 million in
both assets and liabilities.

Judge Jamie A. Wilson oversees the case.

Craig M. Geno, Esq., at the Law Offices of Craig M. Geno, PLLC,
represents the Debtor as legal counsel.


MRC GLOBAL: S&P Places 'B' Issuer Credit Rating on Watch Negative
-----------------------------------------------------------------
S&P Global Ratings placed all its ratings, including its 'B' issuer
credit rating on MRC Global (US) Inc., on CreditWatch with negative
implications.

At the same time, S&P withdrew its ratings on the company's
previously announced $300 million term loan B because it does not
expect the transaction to close.

The CreditWatch placement signals the potential for an at least one
notch downgrade if S&P does not believe MRC can successfully
refinance its $295 million term loan B due in September 2024,
before it becomes current.

MRC Global announced it has postponed efforts to refinance its $295
million senior secured term loan B, which matures in September
2024, following the filing of a lawsuit on behalf of the sole
holder of the company's perpetual preferred stock seeking to block
the company's refinancing efforts.

The CreditWatch negative placement reflects refinancing risk given
the postponement of the previously launched term loan transaction.
Given the lawsuit raised by the sole holder of MRC's perpetual
preferred stock, the company has postponed its previously proposed
term loan refinancing, which would have fully refinanced its
existing $295 million term loan due September 2024 with a new $300
million term loan. The postponement reintroduces refinancing risk
for MRC given the timing and terms of a potential new transaction
are uncertain at this time. Specifically, there is heightened risk
that a successful refinancing does not occur before the existing
term loan becomes current, a point at which S&P would likely
consider at least a one notch downgrade.

S&P said, "Nevertheless, we continue to expect high-single-digit
percent revenue growth and stable S&P Global Ratings-adjusted
EBITDA margins in 2023. This revenue and EBITDA growth should help
support the company's refinancing efforts, in our view, and we
believe the company is looking to address its maturity in the next
few months.

"The CreditWatch listing signals the potential for an at least one
notch downgrade if we do not believe MRC can successfully refinance
its September 2024 maturity, in a manner aligned with the original
promise of the term loan, before it becomes current.

"In resolving the CreditWatch listing, we will monitor MRC's
progress toward refinancing its term loan and assess the terms of
any proposed new financing transaction. We will aim to resolve the
CreditWatch listing within the next few months."



NEOSHO CONCRETE: Seeks to Hire Sprenkle Engineering Services
------------------------------------------------------------
Neosho Concrete Products Company seeks approval from the U.S.
Bankruptcy Court for the Western District of Missouri to employ
Sprenkle Engineering Services, LLC.

Sprenkle, together with Anderson Engineering, Inc. as
subconsultant, will assist in executing the Debtor's proposal for a
site grading plan with storm water management for a portion of the
Debtor's real estate.

The firm will receive up to $93,270 in fees for its services.

Kevin Sprenkle, a member of Sprenkle Engineering Services,
disclosed in a court filing that his firm is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Kevin R. Sprenkle
     Sprenkle Engineering Services, LLC
     2546 Farm Road 1130
     Verona, MO 65769

                   About Neosho Concrete Products

Neosho Concrete Products Company, a ready-mix concrete supplier in
Neosho, Mo., filed its voluntary petition for relief under Chapter
11 of the Bankruptcy Code (Bankr. W.D. Mo. Case No. 20-30314) on
July 7, 2020, with $100,000 to $500,000 in assets and $1 million to
$10 million in liabilities. Neosho President Warren Langland signed
the petition.

Judge Brian T. Fenimore oversees the case.

The Debtor tapped David Schroeder Law Office, PC as its legal
counsel.


NORTH BROOKLYN: Seeks 90-Day Extension to File Plan and Disclosures
-------------------------------------------------------------------
North Brooklyn Real Estate Initiative Corp. seeks entry of an order
extending by 90 days the deadline for the Debtor to file a Chapter
11 plan and Disclosure Statement.

The deadline to file Debtor's Chapter 11 Plan and Disclosure
Statement is April 26, 2023.  Since the Bar Date Order to file
Claims in this Case was entered on March 14, 2023 and the deadline
to file claims is May 26, 2023, and the deadline for governmental
unit to file claim is July 25, 2023.

The establishment of a Bar Date is necessary to efficient
administration of this Chapter 11 case and will assist in
evaluating the extent of debt which needs to be addressed for
purposes of reimbursing Creditors through the Estate.

Formalizing this settlement would allow the Debtor to finalize a
meaningful plan.  In short, Debtor believes that with a short
extension a meaningful plan then filed.

Counsel for North Brooklyn Real Estate Initiative Corp.:

     David J. Doyaga, Esq.
     ATTORNEYS AT LAW
     26 Court Street Suite 1803
     Brooklyn, NY 11242

        About North Brooklyn Real Estate Initiative

North Brooklyn Real Estate Initiative Corp. is a single asset real
estate (as defined in 11 U.S.C. Sec. 101(51B)). The company is
based in Brooklyn, N.Y.

North Brooklyn Real Estate Initiative sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No.
22-41926) on Aug. 10, 2022, with $1 million to $10 million in
assets and $500,000 to $1 million in liabilities. Federico Frazer,
president of North Brooklyn Real Estate Initiative, signed the
petition.

Judge Elizabeth S. Stong oversees the case.

David J. Doyaga, Attorney at Law, is the Debtor's counsel.


NOSRAT LLC: Gets Approval to Hire Isaac Goldstein as Accountant
---------------------------------------------------------------
Nosrat, LLC received approval from the U.S. Bankruptcy Court for
the Eastern District of New York to employ Isaac Goldstein CPA.

The Debtor needs an accountant to prepare its tax returns and to
perform additional accounting services.

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

     Isaac Goldstein, CPA $250
     Other Professionals $125 - $220

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

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

The firm can be reached through:

     Isaac Goldstein, CPA
     Isaac Goldstein CPA
     2918 Avenue L
     Brooklyn, NY 11210
     Telephone: (718) 338-3882
    
                          About Nosrat LLC

Nosrat, LLC is a single asset real estate as defined in 11 U.S.C.
Section 101(51B). It owns the real property at 343-349 Nostrand
Ave. and 415-419 Gates Ave., Brooklyn, N.Y. The property is a
mixed-use eight-building apartment complex with five stores and 54
apartments on the northeast corner of Nostrand Avenue and Gates
Avenue in Bedford Stuyvesant.

Nosrat filed a petition for relief under Chapter 11 of the
Bankruptcy Code (Bankr. E.D.N.Y. Case No. 23-70776) on March 7,
2023. In the petition filed by Enrique Ventura, controller, the
Debtor reported total assets of $25,002,000 and total liabilities
of $20,923,965.

Judge Alan S. Trust oversees the case.

The Debtor tapped Mark A. Frankel, Esq., at Backenroth Frankel &
Krinsky, LLP as legal counsel and Isaac Goldstein CPA as
accountant.


OMG 4REAL: Seeks to Hire Checkett, Pauly, Bay & Morgan as Counsel
-----------------------------------------------------------------
OMG 4Real Properties, Inc. seeks approval from the U.S. Bankruptcy
Court for the Western District of Missouri to employ Checkett,
Pauly, Bay & Morgan, LLC as its counsel.

The firm will render these services:

     (a) examine affairs of the Debtor and other parties as to
their acts, conduct, and property;

     (b) prepare records and reports as required by the Bankruptcy
rules, Interim Bankruptcy Rules, and the Local Bankruptcy Rules;

     (c) prepare applications and proposed orders to be submitted
to the court;

     (d) identify and prosecute claims and causes of action
assertable by the Debtor;

     (e) examine proofs of claim previously filed and to be filed
in the Debtor's Chapter 11 case and prosecute objections to certain
of such claims, if possible;

     (f) advise the Debtor and prepare documents in connection with
the contemplated limited ongoing operation of its business;

     (g) advise the Debtor and prepare documents in connection with
the liquidation and reorganization of the assets of the estate;

     (h) assist and advise the Debtor in performing other functions
as set forth in the Bankruptcy Code; and

     (i) assist the Debtor's reorganization.

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

     Mariann Morgan   $325
     Paralegal        $130

The retainer fee is $5,000.

Mariann Morgan, Esq., an attorney at Checkett, Pauly, Bay & Morgan,
disclosed in a court filing that the firm is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Mariann Morgan, Esq.
     Checkett, Pauly, Bay & Morgan, LLC
     517 S. Main Street
     P.O. Box 409
     Carthage, MO 64836
     Telephone: (417)358-4049
     Email: mam@cp-law.com

                     About OMG 4Real Properties

OMG 4Real Properties, Inc. filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Mo. Case No.
23-30126) on April 24, 2023, with as much as $1 million in both
assets and liabilities. Judge Brian T. Fenimore oversees the case.

Mariann Morgan, Esq., at Checkett, Pauly, Bay & Morgan, LLC serves
as the Debtor's counsel.


OUTERSTUFF LLC: Moody's Appends 'LD' Designation to Caa2-PD PDR
---------------------------------------------------------------
Moody's Investors Service appended a limited default (LD)
designation to Outerstuff LLC's Caa2-PD probability of default
rating, thereby changing it to Caa2-PD/LD. The /LD designation
reflects a limited default in Outerstuff's capital structure with
regards to the missed principal payment of the $5 million
shareholder loan that was due December 31, 2022. The PDR will
revert to Caa2-PD and the /LD designation will be removed in
approximately three business days. The company's other ratings
remain unchanged including the Caa2 corporate family rating and the
Caa3 rating on the company's senior secured first lien term due
December 2023. The outlook remains negative.

The shareholder loan maturity has subsequently been extended to
June 30, 2023, and the missed payment has no impact on the
company's other outstanding debt. The company has communicated that
the shareholder has made a decision to convert the shareholder loan
to equity, which would be a positive for Outerstuff's capital
structure.

LD Appended:

Issuer: Outerstuff LLC

Probability of Default Rating, Changed to Caa2-PD /LD (/LD
appended) from Caa2-PD

RATINGS RATIONALE

Outerstuff's Caa2 CFR reflects the company's high risk of default
given its high leverage and weak liquidity, including the 2023 debt
maturities. While revenues and earnings recovered in 2022 and
exceeded prepandemic levels, Outerstuff's leverage remains high, at
6.4x Moody's-adjusted debt/EBITDA as of December 31, 2022. In
addition, Moody's expects earnings to decline in 2023, reflecting
lower demand from retailers. Further, the company has a history of
underperformance relative to budget since 2015. The credit profile
also reflects the company's small revenue scale, narrow product
concentration primarily in licensed children's sports apparel and
its reliance on licensing arrangements from several sports leagues
for a significant majority of revenue. Moody's expects overall
liquidity to be weak, reflecting the upcoming debt maturities and
limited revolver availability in peak borrowing periods, partly
balanced by positive free cash flow.

The credit profile is supported by Outerstuff's entrenched market
position related to exclusive license contracts with the NFL, NBA,
NHL, MLB, NCAA, MLS and USA Olympics, which allow it to sell
virtually all children's apparel with the teams' logos. The company
benefits from its diversification across retail channels, and the
relatively stable nature of demand for children's licensed sports
apparel due to its low fashion risk, natural replenishment cycle
and consumers' steady interest in team sports.

The negative outlook reflects the company's approaching 2023 debt
maturities and high leverage.

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

An upgrade would require a timely and economical refinancing of the
company's debt maturities and positive free cash flow.

The ratings could be downgraded if default risk increases, driven
by weaker than anticipated earnings and cash flow, or if Moody's
recovery estimates decline.

Outerstuff is a designer, manufacturer and marketer of licensed
children's and adults' sports apparel. The company generates most
its revenue from products sold under exclusive licenses with the
NFL, NBA, NHL, MLB, MLS, FIFA, USA Olympics and Umbro, as well as
licenses with over 350 NCAA colleges and universities, and sells to
team shops, specialty sports chain stores, department stores and
mass merchants in the US and internationally. The company is
majority owned by company management, including founder and CEO,
Sol Werdiger. Annual revenue is less than $450 million.

The principal methodology used in this rating was Apparel published
in June 2021.


OVERLOOK ROAD: Unsecureds Owed $37.6K Likely to Get Full Recovery
-----------------------------------------------------------------
The Overlook Road Los Gatos Development, LLC, filed a Third Amended
Combined Plan of Reorganization and tentatively approved Third
Amended Disclosure Statement.

General unsecured creditors will receive a prorata portion of sale
proceeds of Debtor's real property ("Overlook"), likely to result
in a 100% recovery of allowed claims, in one lump sum payment,
occurring in or about July 2023. Taxes and other priority claims
would be paid in full.

The Debtor shall sell the Property by August 30, 2023, paying
secured creditors from the proceeds of the sale of Property. All
claims will be paid through the escrow.  Any claims not paid
through escrow will be granted relief from the automatic stay.  The
Debtor will file a motion for approval of any such sale on 28 days'
notice to lien holders. Unless the court orders otherwise, a
lienholder whose lien is not in bona fide dispute may credit bid
the amount of its lien at the sale.

Under the Plan, Class 2(a) General Unsecured Claims total $37,634.
Creditors will receive a pro-rata share of a fund totaling $37,634,
created by Debtor's payment of a single lump sum payment from the
proceeds of the sale of the Property.  Class 2(a) is impaired.

A copy of the Third Amended Combined Plan of Reorganization dated
April 21, 2023, is available at https://bit.ly/3H8kSQT from
PacerMonitor.com.

                About The Overlook Road Los Gatos

The Overlook Road Los Gatos Development LLC is a Single Asset Real
Estate (as defined in 11 U.S.C. Sec. 101(51B)).

The Overlook Road Los Gatos Development sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Cal. Case No.
22-50557) on June 29, 2022, listing up to $50,000 in assets and up
to $10 million in liabilities.  Saul Flores, managing member,
signed the petition.

Stanley A. Zlotoff, Esq., at Stanley A. Zlotoff, A Professional
Corporation, is the Debtor's legal counsel.


P&P CONSTRUCTION: U.S. Trustee Appoints Creditors' Committee
------------------------------------------------------------
The U.S. Trustee for Region 7 appointed an official committee to
represent unsecured creditors in the Chapter 11 cases of P&P
Construction Group, LLC and its affiliates.
  
The committee members are:

     1. Crane Masters Inc.
        4930 Hartwick Rd
        Houston TX 77093
        Tel: 713-649-5552
        Email: hewy@CraneMastersInc.com

     2. Edward L. Boswell
        384 Pleasantview Ct.
        Montgomery, TX 77316
        Tel: 713-248-5551
        Email: peckboswell@gmail.com

     3. 4-Horn Trench & Shoring
        8003 Red Bluff Rd.
        Pasadena, TX 77507
        Tel: 281-249-5547
        Email: Dstephenson@4hornmgmt.com
  
Official creditors' committees serve as fiduciaries to the general
population of creditors they represent.  They may investigate the
debtor's business and financial affairs. Committees have the right
to employ legal counsel, accountants and financial advisors at a
debtor's expense.

                About P&P Construction Group

P&P Construction Group, LLC sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 23-90292) on
April 12, 2023. In the petition signed by its chief executive
officer, Jeffrey Anapolsky, the Debtor disclosed up to $10 million
in assets and up to $50 million in liabilities.

Judge Christopher Lopez oversees the case.

Michael P. Cooley, Esq., at Reed Smith, LLP, represents the Debtor
as legal counsel.


PACIFIC POURHOUSE: Christopher Hayes Named Subchapter V Trustee
---------------------------------------------------------------
Tracy Hope Davis, U.S. Trustee for Region 17, appointed Christopher
Hayes as Subchapter V trustee for Pacific Pourhouse, LLC.

Mr. Hayes will be paid an hourly fee of $440 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

Mr. Hayes declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Christopher Hayes
     23 Railroad Avenue, #1238
     Danville, CA 94526
     Phone: (925) 725-4323
     Email: chayestrustee@gmail.com

                      About Pacific Pourhouse

Pacific Pourhouse, LLC filed a petition under Chapter 11,
Subchapter V of the Bankruptcy Code (Bankr. N.D. Calif. Case No.
23-40464) on April 21, 2023, with $50,001 to $100,000 in assets and
$500,001 to $1 million in liabilities.

The Debtor is represented by Ryan C. Wood, Esq., at the Law Offices
of Ryan C. Wood, Inc.


PARTY CITY: To Close Additional 9 Stores as Part of Chapter 11
--------------------------------------------------------------
Daniel Munoz of NorthJersey.com reports that Party City, based in
Woodcliff Lake, is closing 9 more stores across the U.S.

The Party City chain filed for Chapter 11 bankruptcy protection in
January 2023, as it struggles with a pandemic-fueled pullback in
consumer spending.

It said in January 2023 that its franchise stores, subsidiaries
outside the U.S. and its coveted foil balloons business, Anagram,
will not be part of its restructuring, which is expected to be
finalized in the second quarter of 2023.  

On April 20, 2023, the company announced plans to auction off nine
additional leases come April 28, 2023, according to a release by
A&G Real Estate Partners, the real estate adviser for Party City
that is auctioning the stores.

The leases included three locations in California, two in New York
and one each in Indiana, Oklahoma, Ohio and Michigan, the press
release said.  

Barring the Woodland Park location, Party City has 26 stores in New
Jersey, according to its website.  

Party City doesn't expect its bankruptcy filing to affect workers
at its Bergen County headquarters in Woodcliff Lake, where it
employs up to 700 people, the company said in an email in January.

The news comes as home goods giant Bed Bath & Beyond announced over
the weekend that it is filing for Chapter 11 bankruptcy and closing
hundreds of stores across the United States.  It has 13 in New
Jersey.

That brings the total number of store closures nationwide up to 31,
including one in Woodland Park.  The chain operates 823 retail
locations across the country.  

                    About Party City Holdco

Party City Holdco, Inc. (NYSE: PRTY) is the global leader in the
celebrations industry, with its offerings spanning more than 70
countries around the world. It is also the largest designer,
manufacturer, distributor and retailer of party goods in North
America.  Party City Holdco had 761 company-owned stores as of
September 2022 and is headquartered in Woodcliff Lake, N.J., with
additional locations throughout the Americas and Asia.

Party City Holdco and its domestic subsidiaries sought protection
under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex.
23-90005) on Jan. 17, 2023. As of Sept. 30, 2022, Party City Holdco
had total assets of $2,869,248,000 against total debt of
$3,022,960,000.

Judge David R. Jones oversees the cases.

The Debtors tapped Paul, Weiss, Rifkind, Wharton & Garrison, LLP as
legal counsel; Moelis & Company, LLC as investment banker;
AlixPartners, LLP as financial advisor; A&G Realty Partners as real
estate advisor; and Kroll as the claims agent.
PricewaterhouseCoopers LLP (PwC) provides accounting and valuation
advisory services, tax-related services, and internal audit
Sarbanes-Oxley Act support services.

Davis Polk & Wardwell, LLP and Lazard serve as legal counsel and
investment banker, respectively, to the ad hoc group of first lien
holders.

The U.S. Trustee for Region 6 appointed an official committee to
represent unsecured creditors in the Debtors' Chapter 11 cases.
The committee is represented by Pachulski Stang Ziehl & Jones, LLP.


POLK AZ LLC: Seeks Chapter 11 Bankruptcy Protection
---------------------------------------------------
Polk AZ LLC filed for chapter 11 protection in the District of
Arizona. 

According to court filings, Polk AZ LLC estimates between $1
million and $10 million in debt owed to 1 to 49 creditors.  The
petition states that funds will not be available to unsecured
creditors.

A telephonic meeting of creditors under 11 U.S.C. Section 341(a) is
slated for May 16, 2023 at 9:45 a.m.

                       About Polk AZ LLC

Polk AZ, LLC, a company in Phoenix, Ariz., filed its voluntary
petition for relief under Chapter 11 of the Bankruptcy Code (Bankr.
D. Ariz. Case No. 23-02396) on April 16, 2023, with $1 million to
$10 million in both assets and liabilities. Judge Madeleine C.
Wanslee oversees the case.

Honorable Bankruptcy Judge Madeleine C Wanslee handles the case.

The Law Office of Mark J. Giunta serves as the Debtor's bankruptcy
counsel.


PRODUCE DEPOT: Seeks Until July 7, 2023 to Confirm Plan
-------------------------------------------------------
Produce Depot USA LLC filed a motion to extend its time to confirm
a Chapter 11 Small Business Plan of Reorganization and Disclosure
Statement.

Pursuant to Bankruptcy Code Sec. 1129(e), in a small business case,
the Court shall confirm a plan that complies with the applicable
provisions of this title and, that is filed in accordance with
section 1121(e) not later than 45 days after the plan is filed
unless the time for confirmation is extended in accordance with
section 1121(e)(3).

The Debtor requests an extension of the time by which a Plan of
Reorganization should be confirmed for an additional 60 days,
through and including July 7, 2023.

This third request for an extension is not made for the purpose of
delay.  This third 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 May 8, 2023, but the Debtor needs an
additional time to obtain approval of the Second Amended Disclosure
Statement and thereafter to confirm the Second Amended Plan.  On
April 21, 2023, the Debtor filed a Second Amended Disclosure
Statement and plan, addressing all comments and concerns of the
Office of US Trustee.  The third extension of time is essential for
the Debtor as it will allow the Debtor to obtain approval of the
Second Amended Disclosure Statement and thereafter to confirm the
Second Amended Plan without violations of the provisions of the
Bankruptcy Code.

During the pendency of this Bankruptcy case, the Debtor made
sufficient progress in order to be able to propose a feasible plan
of reorganization and provide treatment to all Creditors of the
estate.  The Debtor has reached settlement agreements with the PACA
Creditors, the Settlement agreement were approved by the Bankruptcy
Court and respective payments under the Settlement agreements were
timely made to PACA Creditors. Further, the Debtor. The Debtor has
filed the Second Amended Disclosure Statement and plan, addressing
all comments of the US Trustee and the Honorable Court. With
respect to a claim of the City of New York Department of Finance,
the Debtor has filed and provided an Income Tax Return for 2019,
2020 and 2021 to the City of New York Department of Finance for
review and consideration. After reviewing the Debtor's Income tax
returns, the City of New York Department of Finance reduced the
actual amount of the Debtor's tax liability to the amount of
$5,324.83. As of today, the City of New York Department of Finance
has informed the Debtor that the amended claim for Produce Depot
USA LLC has been sent to the Bankruptcy Court. Therefore, the
Debtor believes that he will be able to confirm a feasible Plan of
reorganization within a reasonable period of time.

Counsel for the Debtor:

     Alla Kachan, Esq.
     LAW OFFICES OF ALLA KACHAN, P.C.
     2799 Coney Island Avenue, Ste 202
     Brooklyn, NY 11235
     Tel: (718) 513-3145

                     About Produce Depot USA

Produce Depot, LLC, is a merchant wholesaler of grocery and related
products in Brooklyn, N.Y.

Produce Depot sought Chapter 11 bankruptcy protection (Bankr.
E.D.N.Y. Case No. 22-40412) on March 2, 2022, listing $1,660,488 in
liabilities. On June 9, 2022, the case was transferred to the U.S.
Bankruptcy Court for the District of New Jersey (Bankr. D.N.J. Case
No. 22-14771).

Alla Kachan, Esq., at the Law Offices of Alla Kachan, P.C., is the
Debtor's counsel.


PRODUCE DEPOT: Unsecureds Owed $742K to Get 4% Under Plan
---------------------------------------------------------
Produce Depot USA LLC submitted a Second Amended Small Business
Disclosure Statement.

The plan offers the general unsecured creditors in the case a pro
rated payment of 4% of the total amount of unsecured debt to be
paid in one lump sum payment on the effective date of the plan.

The PACA Trust Claims of Prometo Produce Corp. and C.H. Robinson
Worldwide, Inc was settled and paid in full pursuant to terms of
the Stipulation, approved by the Court on September 15, 2022, which
terms and conditions are incorporated and part of the Plan. The
Stipulation has been funded by Produce Depot USA LLC, the Debtor
herein, and by Luis A. Ruelas.

The PACA Trust claim of Natural Flavor Produce LLC was settled and
was paid in full on February 14, 2023, pursuant to the terms of the
Stipulation of Settlement dated August 2022, reached between
Produce Depot USA, LLC and Natural Flavor Produce LLC and approved
by the Bankruptcy Court order dated February 9, 2023.

All remaining administrative fees, priority and non-priority,
undisputed, unsecured creditors and any settlement agreement of any
claim whose objection has not been sustained, will be paid from
funds accumulated in the Debtor's DIP account from the date of the
petition and from the personal contribution of Luis A. Ruelas. As
of date of this Disclosure Statement and Plan, the balance of the
Debtor's DIP account is $64,206.

Luis A. Ruelas will make a supplemental contribution from his
personal funds to the Chapter 11 Plan of Reorganization payments
without the expectation of repayment and shall be applicable to all
remaining administrative fees, priority tax claims and to the
general unsecured claims and any settlement agreement of any claim
whose objection has not been sustained. The contribution is not a
repayment of debt or any other obligations.

The total anticipated plan payments on the Effective Date of the
Plan are $29,689.  The anticipated administrative expenses on the
Effective Date of the Plan will be approximately $20,800.00. The
anticipated priority tax payments on the Effective Date of the Plan
will be approximately $9,074.  Thus, the total payments to be made
by the Debtor under the Plan and Disclosure Statement herein, are
$59,563.  As referenced herein, the current balance in the Debtor
in Possession account is $64,206.  Thus, the Debtor currently has
sufficient funds in its DIP account to fully fund all plan
payments, priority tax claims and administrative claims without
need for a contribution from Luis A. Ruelas. Thus, there is no
known monetary contribution amount required at this time to be made
by Luis A. Ruelas. Luis A. Ruelas will make a contribution in the
event that for any reason, the amount currently held in the DIP
account will decrease and will not be enough for all of the
foregoing plan payments, priority tax claims and, administrative
claim payments. Further, in the event the claim objections with
respect to the Class I claim are not sustained, the Debtor will
seek to settle said claims, and fund said settlement from a future
personal contribution of Luis A Ruelas. The Affidavit of
contribution executed by Luis A. Ruelas and proof of funds are
attached hereto as Exhibit D. As the current amount of contribution
of Mr. Ruelas, in the event of necessity, is not known, however the
proof of funds provided by Mr. Ruelas illustrates that there are
sufficient funds to fund a future settlement agreement. The fund of
Luis A Ruela will also be used to fund any necessary additional
contribution to plan payments or payments of the administrative
claims of the case in the event for any reason the funds contained
in DIP account are insufficient to make plan payments. However, it
must be stressed that there are sufficient funds in the Debtor's
DIP account to make plan payments.

Further, on and about August 2022, the Debtor filed a First-Tier
Employee Dishonesty insurance claim with Sedgwick Claims Management
Service and a Second-Tier Employee Dishonesty insurance claim with
the Hartford insurance company. Recently, the Debtor has been
informed that Sedgwick Claims Management Service will cover $10,000
of the claim.  As of today, upon information and belief, the check
in the amount $10,000 was mailed, and will be deposited into the
DIP account promptly upon its receipt.

The Second-Tier Employee Dishonesty insurance claim, filed with the
Hartford insurance company, is still under review at this time.

All funds received from the above-described Insurance claims will
be promptly deposited into the Debtor's DIP bank account and will
be used to fund all remaining administrative fees, priority tax
claims and to the general unsecured claims and any settlement
agreement of any claim whose objection has not been sustained. In
the event there are surplus insurance proceeds after all payments
are made and the 4% distribution to unsecured creditors has been
paid, the said surplus would have to follow the priority scheme and
would have to go to unsecured creditors in a supplemental
distribution.

Under the Plan, Class II Unsecured Claim is impaired and shall
consist of a General Unsecured Claim of creditors, in the total
amount of $742,221.

In the event the Debtor's claim objection with respect to the proof
of claim filed by Green Light Go. Inc. in the amount of $83,748 is
sustained, Green Light Go. Inc. will receive 4% dividend in the
amount of $3,350 to be paid in one lump sum payment on the
Effective Date of the Plan.

In the event the Debtor's claim objection with respect to the proof
of claim filed by Chrome Capital Funding Group in the amount of
$168,883.30 is sustained, Chrome Capital Funding Group will receive
4% dividend in the amount of $6,755.33 to be paid in one lump sum
payment on the Effective Date of the Plan.

The claim of A to Z Produce, ADP Totalsource Inc., Atlantic Fresh
Produce Inc., Avocado House Inc., Chase Inc., David S Friedkin CPA,
Edward Produce, First Law Group, GRIFFITH, Guerrero Avocados,
Horizon Marketing Inc., Izguerra Produce Inc., McLean Produce & Ice
Co, Queen Funding LLC and Stein & Stein LLP were originally listed
in the schedule E/F as unsecured disputed. On March 21, 2022, the
Bankruptcy Court entered Bar Date Order setting a proof of claim to
be filed by 5/31/2022 and Government proof of claim by 8/29/2022.
Service thereof was duly and properly made on all impaired
creditors. Up to the date of the filing of this Disclosure
Statement, A to Z Produce, ADP Totalsource Inc., Atlantic Fresh
Produce Inc., Avocado House Inc., Chase Inc., David S Friedkin CPA,
Edward Produce, First Law Group, GRIFFITH, Guerrero Avocados,
Horizon Marketing Inc., Izguerra Produce Inc., McLean Produce & Ice
Co, Queen Funding LLC and Stein & Stein LLP have not filed claim in
the Debtor's case. The bar date to file a claim expired on May 31,
2022. It is the Debtor's position that A to Z Produce, ADP
Totalsource Inc., Atlantic Fresh Produce Inc., Avocado House Inc.,
Chase Inc., David S Friedkin CPA, Edward Produce, First Law Group,
GRIFFITH, Guerrero Avocados, Horizon Marketing Inc., Izguerra
Produce Inc., McLean Produce & Ice Co., Queen Funding LLC and Stein
& Stein LLP are now barred from filing claim in the Debtor's case
and are thus not afforded treatment thereunder.

Attorney for the Debtor Produce Depot USA LLC:

     Alla Kachan, Esq.
     LAW OFFICES OF ALLA KACHAN, PC
     2799 Coney Island Ave., Suite 202
     Brooklyn, NY 11235
     Tel: (718) 513-3145
     Fax: (347) 342-315
     E-mail: alla@kachanlaw.com

A copy of the Disclosure Statement dated April 21, 2023, is
available at https://bit.ly/41zPLGq from PacerMonitor.com.

                   About Produce Depot USA

Produce Depot, LLC, is a merchant wholesaler of grocery and related
products in Brooklyn, N.Y.

Produce Depot sought Chapter 11 bankruptcy protection (Bankr.
E.D.N.Y. Case No. 22-40412) on March 2, 2022, listing $1,660,488 in
liabilities. On June 9, 2022, the case was transferred to the U.S.
Bankruptcy Court for the District of New Jersey (Bankr. D.N.J. Case
No. 22-14771).

Alla Kachan, Esq., at the Law Offices of Alla Kachan, P.C., is the
Debtor's counsel.


PROFESSIONAL CHARTER: Files Emergency Bid to Use Cash Collateral
----------------------------------------------------------------
Professional Charter Services, LLC asks the U.S. Bankruptcy Court
for the Northern District of California, San Francisco Division,
for authority to use cash collateral in the ordinary course of
business.

As of the Petition Date, FC Market Place, LLC, CT Corporate System,
LLC, U.S. Small Business Administration, and Corporation Service
Company, each asserted a security interest in certain collateral of
Debtor, including deposit accounts and accounts receivable.

The Debtor had outstanding accounts receivable from various
customers, for which transportation services have already been
provided, in the approximate amount of $478,148, and upwards of
$100,000 of this AR may be doubtful or uncollectible.

The Debtor had cash on deposit in financial institutions of
approximately $105,866, which were not subject to control
agreements, and are unencumbered funds.

As of the Petition Date, the Debtor also had accounts receivable of
approximately $478,148, of which upwards of $100,000 may be
uncollectable, which are subject to the security interest of the
Secured Creditors.

The allowed amount of the claim of FC Market Place, LLC is at least
$517,994, which is greater than the Debtor's accounts receivable
($478,148), and given its senior position, the Debtor can value and
avoid the security interest of CT Corporate System, LLC, U.S. Small
Business Administration, and Corporation Service Company in the
Debtor's pre-petition accounts receivable pursuant to 11 U.S.C.
section 506(a).

Further, pursuant to section 552(a), none of the Secured Creditors
(including FC Market Place, LLC) will have liens on property
(including accounts receivable) acquired by the Debtor postpetition
pursuant to section 552(a), and the Debtor can freely provide
replacement liens on all postpetition accounts receivable, as this
after acquired property will be unencumbered.

In order for the Debtor to use its pre-petition accounts receivable
for ordinary course business operations, the Debtor proposes to
provide each of the Secured Creditors with replacement liens on all
accounts receivable generated post-petition in the same nature,
extent, validity, and priority. However, to the extent the Debtor
obtains an order valuing any portion of any of the Secured
Creditors' claim as unsecured, and avoiding the secured portion of
that claim pursuant to section 506(d) and/or the terms of a
confirmed plan, then the post-petition replacement lien will also
be avoided and unenforceable consistent with the status of the
pre-petition lien.

Alternatively, to the extent necessary or required by the Court, it
is conceivable that the Debtor could provide minimal adequate
protection cash payments to the Secured Creditors pursuant to 11
U.S.C. section 361(1), consistent with proposed treatment under a
plan of reorganization, although the Debtor has less flexibility
given its limited financial resources, and this is a much less
desirable form of adequate protection for the Debtor under the
circumstances.

A copy of the motion is available at https://bit.ly/41N6sy2 from
PacerMonitor.com.

             About Professional Charter Services, LLC

Professional Charter Services, LLC is a bus charter company founded
in 2008. The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Cal. Case No. 23-30264) on April 25,
2023. In the petition signed by Celeste Orozco, vice president, the
Debtor disclosed $2,652,026 in assets and $6,709,007 in
liabilities.

Judge Hannah L. Blumenstiel oversees the case.

Brent D. Meyer, Esq., at Meyer Law Group, LLP, represents the
Debtor as legal counsel.


RC HOME SHOWCASE: Court OKs Cash Collateral Access Thru May 2023
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Florida,
Miami Division, authorized RC Home Showcase, Inc. to use cash
collateral on an interim basis in accordance with the budget
through May 2023.

The Debtor is directed to continue paying Manuhen Enterprises, LLC
an adequate protection payment in the amount of $4,000 per month,
with the first payment due April 3, 2023, and with each additional
payment due on the first day of every month thereafter, pending
further Court order.

Manuhen will further be entitled to a perfected post-petition lien
against cash collateral to the same extent and with the same
validity and priority as its prepetition lien, without the need to
file or execute any document as may otherwise be required under
applicable nonbankruptcy law. In addition, the Debtor will maintain
insurance coverage for its property in accordance with the
obligations under the loan and security documents with Manuhen.

A final hearing on the matter is set for May 17 at 9:30 a.m.

A copy of the court's order is available at https://bit.ly/3Vzo3HH
from PacerMonitor.com.

                   About RC Home Showcase, Inc.

RC Home Showcase, Inc. is in the glass product manufacturing
business.  RC designs and manufactures windows, sliding glass
doors, glass railings and curtain wall.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Fla. Case No. 22-19571) on December
15, 2022. In the petition signed by Eusebio Paredes, president, the
Debtor disclosed up to $50,000 in assets and up to $10 million in
liabilities.

Judge Laurel M. Isicoff oversees the case.

Chad Van Horn, Esq., at Van Horn Law Group, P.A., represents the
Debtor as legal counsel.



RP RUIZ: Wins Cash Collateral Access Thru Nov 25
------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California,
Santa Barbara Division, authorized R. P. Ruiz, Corporation to use
cash collateral on an interim basis in accordance with the budget,
with a 20% variance, through the week ending November 25, 2023.

The Debtor requires the use of cash collateral to avoid immediate
and irreparable harm.

The Debtor has identified entities asserting interests in cash
collateral, including the Commercial Credit Group and NewCo
Financial.

As adequate protection, the Secured Creditors are granted
replacement lien in all post-petition assets of the Debtor, other
than avoidance power actions and recoveries. The replacement liens
will have the same validity, extent and priority as the Secured
Creditors liens held in prepetition collateral.

The replacement liens provided will be deemed valid and perfected
with such priority as provided in the Order, without any further
notice or act by any party that may otherwise be required under any
law.

A hearing on the further use of cash collateral is set for November
21.

A copy of the order is available at https://bit.ly/3nmF7Uj from
PacerMonitor.com.

                  About R. P. Ruiz, Corporation

R. P. Ruiz, Corporation is a concrete subcontractor. The Debtor
sought protection under Chapter 11 of the U.S. Bankruptcy Code
(Bankr. C.D. Cal. Case No. 22-10501) on July 5, 2022. In the
petition signed by Richard Ruiz, Jr., president, the Debtor
disclosed up to $10 million in both assets and liabilities.

Judge Ronald A. Clifford III oversees the case.

Steven R. Fox, Esq., at The Fox Law Corporation, Inc. is the
Debtor's counsel.


RYAN ESTATES: Seeks to Hire Sheila Esmaili as Bankruptcy Counsel
----------------------------------------------------------------
Ryan Estates, LLC seeks approval from the U.S. Bankruptcy Court for
the Central District of California to employ the Law Offices of
Sheila Esmaili as its general bankruptcy counsel.

The firm will render these services:

     (a) advise the Debtor regarding matters of bankruptcy law and
concerning the requirements of the Bankruptcy Code, and Bankruptcy
Rules relating to the administration of its Chapter 11 case, and
the operation of the Debtor's estate;

     (b) represent the Debtor in proceedings and hearings in the
court involving matters of bankruptcy law;

     (c) assist in compliance with the requirements of the Office
of the U.S. Trustee;

     (d) advise the Debtor with respect to its powers and duties in
the continued operation of its business and management of property
of the estate;

     (e) assist the Debtor in the administration of the estate's
assets and liabilities;

     (f) prepare legal documents;

     (g) assist in the collection of all accounts receivable and
other claims that the Debtor may have and resolve claims against
its estate;

     (h) advise the Debtor concerning the claims of secured and
unsecured creditors, prosecution or defense of all actions; and

     (i) prepare, negotiate, prosecute, and attain confirmation of
a plan of reorganization.

The firm received a retainer of $21,738 from the Debtor for legal
services and costs, which includes the filing fee of $1,738.

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

     Sheila Esmaili            $450
     Law Clerk and Paralegal   $200

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

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

The firm can be reached through:

     Sheila Esmaili, Esq.
     Law Offices of Sheila Esmaili
     11601 Wilshire Blvd., Suite 500
     Los Angeles, CA 90025
     Telephone: (310) 734-8209
     Facsimile: (877) 738-6220
     Email: SELaw@bankruptcyhelpla.com

                       About Ryan Estates

Ryan Estates, LLC filed a petition under Chapter 11, Subchapter V
of the Bankruptcy Code (Bankr. C.D. Calif. Case No. 23-11115) on
March 22, 2023, with as much as $1 million in both assets and
liabilities. Caroline Djang, Esq., at Buchalter has been appointed
as Subchapter V trustee.

Judge Mark D. Houle oversees the case.

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


S2 ENERGY: Seeks Approval to Hire LaPorte APAC as Accountant
------------------------------------------------------------
S2 Energy Operating, LLC and its affiliates seek approval from the
U.S. Bankruptcy Court for the Eastern District of Louisiana to
employ LaPorte, APAC as accountant.

The Debtors need an accountant to assist with the preparation of
their depreciation, depletion and amortization schedules (DD&A) and
assist with the preparation of the asset retirement obligation
schedules (ARO) for the year end close for Dec. 31, 2022.

The firm anticipates a total cost of up to $1,600 to review and
prepare the DD&A and ARO schedules.

Cheryl Haspel, CPA, a director at LaPorte, disclosed in a court
filing that the firm is a "disinterested person" as defined in
Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Cheryl Haspel, CPA
     LaPorte, APAC
     5100 Village Walk, Suite 300
     Covington, LA 70433
     Telephone: (985) 892-5850
     Facsimile: (985) 892-5956

                     About S2 Energy Operating

S2 Energy Operating, LLC operates in the oil and gas extraction
industry. The company is based in Covington, La.

S2 Energy Operating filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. E.D. La. Case No.
23-10066) on Jan. 16, 2023, with $1 million to $10 million in both
assets and liabilities. Barry R. Salsbury, a member of S2 Energy
Operating, signed the petition.

Judge Meredith S. Grabill oversees the case.

The Debtor tapped Douglas S. Draper, Esq., at Heller, Draper &
Horn, LLC as legal counsel; Seaport Global Securities, LLC as
financial advisor and investment banker; and Cheryl Haspel, CPA, at
LaPorte, APAC as accountant.


SCST REALTY: No Payment to Unsecured Creditors in Liquidating Plan
------------------------------------------------------------------
SCST Realty Group, LLC, submitted a Combined Plan of Liquidation
and Disclosure Statement.

This is a Plan of Liquidation whereby the Debtor, SCST Realty
Group, LLC intends to sell its only asset, real property located at
2431 Reed Street, Unit 2, Philadelphia, PA 19146 to Legacy Reed
Street, LLC. SCST and Legacy have executed a prepetition agreement
of sale. When SCST was unable to close on the sale to Legacy
pre-petition, Legacy obtained a judgment against SCST compelling
specific performance.

This Plan permits SCST to sell its property to Legacy free and
clear of all liens, claims, and encumbrances. Secured creditors
with liens against SCST's property will be paid from the proceeds
of the sale in accordance with the priority of their valid liens.
The sale to Legacy will be subject to higher and better bids.

Since SCST only owns real estate and does not operate, and the
value of its only asset is insufficient to pay all secured
creditors in full, SCST does not intend to pay any unsecured
creditors through this Plan.

Under the Plan, Class 3 General Unsecured Creditors are impaired.
There will be no payment to unsecured creditors under the Plan.

SCST intends to sell the Property to Legacy pursuant to the Legacy
Sale Agreement for the purchase price of $1,300,000.  The sale to
Legacy shall be free and clear of all liens, claims, and
encumbrances pursuant to Section 363(f) of the Bankruptcy Code. Any
liens shall attach to the proceeds of the sale and shall be
distributed in the same amount and priority as they existed
pre-petition. The sale shall be subject to higher and better offers
up until the date of hearing on confirmation of this Plan.

The Debtor has determined that it would not be in the best interest
of the Debtor's estate to conduct a prolonged marketing period to
determine if another buyer may offer a higher and better sale
price.  The Debtor's knowledge of the industry, market conditions,
and recent attempts at sale cause the Debtor to believe that any
marketing efforts would only result in additional expense and delay
and would not produce a higher and better offer. The Board of
Directors of the Debtor immediately prior to the Effective Date
shall serve as the initial Board of Directors of the Reorganized
Debtor on and after the Effective Date. Each member of the Board of
Directors shall serve in accordance with applicable non-bankruptcy
law and the Debtor's certificate or articles of incorporation and
bylaws, as each of the same may be amended from time to time.

On Confirmation of the Plan, all property of the Debtor, tangible
and intangible, including, without limitation, licenses, furniture,
fixtures and equipment, will revert, free and clear of all Claims
and Equitable Interests except as provided in the Plan, to the
Debtor.  The Debtor expects to have sufficient proceeds from the
sale in order to make all payments on the on the Effective Date. As
provided in Paragraph 2.1 of this Combined Plan and Disclosure
Statement, all United States Trustee Fees accrued prior to the
Effective Date shall be paid in full, on or before the Effective
Date, by the Debtor or any successor to the Debtor. All United
States Trustee Fees which accrue post-Effective Date shall be paid
in full on a timely basis by the Debtor or any successor to the
Debtor prior to the Debtor's case being closed, converted or
dismissed.

The Board of Directors of the Debtor immediately prior to the
Effective Date shall serve as the initial Board of Directors of the
Reorganized Debtor on and after the Effective Date. Each member of
the Board of Directors shall serve in accordance with applicable
non-bankruptcy law and the Debtor's certificate or articles of
incorporation and bylaws, as each of the same may be amended from
time to time.

Proposed Counsel to the Debtor:

     Harry J. Giacometti, Esq.
     Damien Nicholas Tancredi, Esq.
     FLASTER/GREENBERG P.C.
     1810 Chapel Avenue West
     Cherry Hill, NJ 08002
     Tel: (856) 661-1900
     Fax: (856) 661-1919
     E-mail: harry.giacometti@flastergreenberg.com

A copy of the Combined Plan of Liquidation and Disclosure Statement
dated April 21, 2023, is available at https://bit.ly/40BszGe from
PacerMonitor.com.

                       About SCST Realty

SCST Realty Group, LLC is a Single Asset Real Estate (as defined in
11 U.S.C. Section 101(51B)).  It owns a property located at 2431
Reed Street, Unit 2, Philadelphia, PA 19146 valued at $1.3
million.

SCST Realty Group filed a Chapter 11 petition (Bankr. D.N.J. Case
No. 23-13078) on April 13, 2023.  In the petition signed by
Salvatore Campagna, member, the Debtor disclosed $1,300,000 in
assets and $1,607,945 in liabilities.

The Debtor is represented by Harry J. Giacometti, Esq. of
FLASTER/GREEBERG, P.C.


SHERLOCK STORAGE: Unsecureds be Paid From Sale of Property
----------------------------------------------------------
Sherlock Storage, LLC, submitted an Amended Disclosure Statement
for its Plan of Liquidation.

The estate own a property consists of a storage unit facility
located at 2603 Industry Street, Missoula, Montana. This property
has an approximate value of $5,000,000.00. At this time, there are
very few unrented storage units. Since taking back control of the
business, Debtor has obtained several new tenants and is continuing
to work on obtaining tenants for the remaining vacate storage
units. Debtor's Realtor is working with a potential tenant on a
lease for the vacate warehouse and believes a lease will be signed
in the near future. The property appraised for $4.8 Million in July
2021.

This property is secured to Holly M. Mohorcich, Trustee of the Mark
Mohorcich Irrevocable Trust. There is approximately $845,748.64
owed on this property. This amount is in dispute. There are also
property taxes owing to Missoula County in the approximate amount
of $64,280.12, including the sum of approximately $50,849.75 owed
to K & J Investments LLC for a tax lien.

Prior to the filing of the bankruptcy, Mr. Flynn has taken back
control of the debts and operation of the business. Debtor intends
on selling the business. On January 12, 2023, Debtor filed an
Application to Approve Employment of Professional; and Affidavit to
approve employment of Christopher Jones and Victory Real Estate,
LLC to sell the property. The Application was approved by Order
dated January 13, 2023.

Under the Plan, Class III Unsecured consisting of creditors
T-Mobile - $863.97 and Internal Revenue Service - $1,400.00. The
building will be listed for sale. In the event the property sells,
the proceeds will go first to pay costs of sale (including Realtor
fees and costs of closing), then to any property taxes due, then to
Holly M. Mohorcich, Trustee of the Mark Mohorcich Irrevocable Trust
to pay their allowed amount in full, then to administrative claims,
then to priority claims, and then to unsecured allowed claims pro
rata. Debtor believes unsecured creditors would receive up to 100%
of their claims if the property sells at its value. If the property
does not sale, there would be no equity and unsecured creditors
would receive no monies.  Debtor specifically reserves the right to
object to creditors' claims. Class III is impaired.

Attorneys for the Debtor:

     Gary S. Deschenes, Esq.
     DESCHENES & ASSOCIATES LAW OFFICES
     309 First Avenue North, P.O. Box 3466
     Great Falls MT 59403-3466
     Telephone: (406) 761-6112
     Facsimile: (406) 761-6784
     E-mail: gsd@dalawmt.com

A copy of the Disclosure Statement dated April 21, 2023, is
available at https://bit.ly/3NbvySI from PacerMonitor.com.

                       About Sherlock Storage

Sherlock Storage, LLC, sought protection for relief under Chapter
11 of the Bankruptcy Code (Bankr. D. Mont. Case No. 22-90150) on
Oct. 4, 2022, with $1 million to $10 million in both assets and
liabilities. Judge Benjamin P. Hursh oversees the case.

Gary S. Deschenes, Esq., at Deschenes & Associates Law Offices and
Cappis Consulting & Tax, LLC, serve as the Debtor's legal counsel
and accountant, respectively.


SIO2 MEDICAL: Court OKs $120MM DIP Loan from Oaktree
----------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
SIO2 Medical Products, Inc. and its debtor-affiliates to obtain
postpetition financing on a final basis.

The Debtors obtained $120 million in the aggregate in the form of a
term loan credit facility from  Oaktree Capital Management, L.P.

The DIP Credit Agreement provided that, subject to entry of the
Interim Order, the DIP Facility will be used to roll up up to $60
million of the Debtors' prepetition debt under their capital
structure. The Court held that this repayment is a sound exercise
of the Debtors' business judgment and a material component of the
structure of the DIP Facility. Without continued access to the
additional liquidity provided under the DIP Facility necessary to
fund the administration of the chapter 11 cases and the sale
process.

The DIP facility matures through the date that is:

     (a) 120 days after the Petition Date (or such later date as
may be agreed in writing by the Majority Lenders) unless the Final
DIP Order Date has occurred on or prior to such date;

     (b) The date of consummation of any sale of all or
substantially all Specified Assets pursuant to section 363 of the
Bankruptcy Code;

     (c) The Chapter 11 Plan Effective Date;

     (d) The Maturity Date;

     (e) The occurrence of any Event of Default under the DIP
Credit Agreement or the other Loan Documents;

     (f) The date of entry of an order by the Court approving (i) a
motion seeking conversion or dismissal of any or all of the Chapter
11 Cases or (ii) a motion seeking the appointment or election of a
trustee, receiver, a responsible officer or examiner with enlarged
powers relating to the operation of the Debtors' business, or if
the Borrower or any Guarantor files a motion or other pleading
seeking such conversion or dismissal unless otherwise consented to
in writing by the Lenders;

     (g) The date the Court orders the conversion of any Chapter 11
Case to a liquidation pursuant to chapter 7 of the Bankruptcy Code,
(i) if the Interim DIP Order expires by its terms or is terminated,
unless the Final DIP Order has been entered and become effective
prior thereto; and

     (j) The date on which the Loans are accelerated or otherwise
declared (or become) due and payable in accordance with the terms
of the DIP Credit Agreement.

The Debtors are required to comply with these milestones:

      * No later than one day after the Petition Date, the Debtors
will file an Acceptable Plan of Reorganization and related
disclosure statement, the Disclosure Statement Motion, the Bidding
Procedures, and the Bidding Procedures Motion;

      * No later than three days after the Petition Date, the
Bankruptcy Court will have entered the Interim DIP Order;

      * No later than 36 days after the Petition Date, the
Bankruptcy Court will have entered a Final DIP Order, a final order
approving the Bidding Procedures, and an order approving the
Disclosure Statement;

      * No later than 55 days after the Petition Date, delivery by
the Debtors to the Consenting Stakeholders of a go-forward business
plan acceptable to the Consenting Stakeholders in their sole
discretion, which will include, in each case in form and substance
acceptable to the Consenting Stakeholders (i) a substantially
complete analysis of the liabilities proposed to be compromised
through the chapter 11 cases, (ii) a substantially complete
analysis of all matters relating to the assumption and assignment
of all material contracts of the Debtors, including all material
government contracts, intellectual property agreements, and any
other material contracts of the kind or type described in section
11 U.S.C. section 363(c)(1)(a), (iii) a substantially complete
analysis of the secured, administrative, and priority unsecured
claims reasonably assertable against the Debtors, and (iv) a
substantially complete analysis of claims reasonably assertable
against the Debtors that are not or may not be dischargeable upon
consummation of the Plan; provided that the Business Plan Milestone
will only be met if the quantum and nature of any such claims or
liabilities and all other information set forth in (i) through (iv)
above is acceptable to the Consenting Stakeholders in all material
respects;

      * No later than 60 days after the Petition Date, the Bid
Deadline will have occurred;

      * No later than 65 days after the Petition Date, the Auction,
if needed, will have occurred;

      * No later than 78 days after the Petition Date, a hearing to
consider confirmation of an acceptable Plan of Reorganization will
have occurred, or, if the Initial Plan Sponsors have elected to
pursue the Credit Bid Sale Restructuring, a hearing to consider
approval of the proposed sale pursuant to section 363 pursuant to
the Credit Bid Sale Restructuring;

      * No later than two days after the Confirmation Hearing, the
Bankruptcy Court will have entered a final order confirming the
Plan of Reorganization, in form and substance satisfactory to the
Consenting Stakeholders, or, if the Initial Plan Sponsors have
elected to pursue the Credit Bid Sale Restructuring, a final order
approving the sale pursuant to section 363 pursuant to the Credit
Bid Sale Restructuring; and

      * No later than 10 days after entry of the Confirmation
Order, the Plan Effective Date will have occurred, or, if the
Initial Plan Sponsors have elected to pursue the Credit Bid Sale
Restructuring, closing of the Credit Bid Sale Restructuring will
have occurred.

As of the Petition Date, the Debtors have an aggregate principal
amount of approximately $430 million in funded debt obligations,
consisting of (a) the First Lien Term Loans, (b) the Second Lien
Term Loans, and (c) certain secured financing secured by certain
specified assets, (d) Promissory Notes, and (e) Convertible
Indebtedness.

The Company also has 182,020 shares of preferred stock and 57,500
shares of common stock issued and outstanding as of the Petition
Date.

Pursuant to the Court Order, the Prepetition First Lien Secured
Parties and Prepetition Second Lien Secured Parties are granted
adequate protection of their interests in the collateral, solely to
the extent of and in an amount equal to the aggregate diminution in
value of such interests from and after the Petition Date, resulting
from the imposition of the priming DIP Liens on the collateral, the
Carve Out, the Debtors' use of the collateral, and the imposition
of the automatic stay.

A copy of the order is available at https://bit.ly/3Ns5FOL from
Donlin Recano, the claims agent.

                 About SiO2 Medical Products, Inc.

SiO2 Medical Products, Inc. is a material life sciences company
that is at the precipice of mass-commercialization of its
breakthrough materials science technology that is poised to
revolutionize the pharmaceutical industry.  Major pharmaceutical
players are testing the Company's vials, syringes, tubes, and other
offerings, and the Company anticipates large-scale adoption in the
relative near term.

The Debtor and its debtor-affiliates sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case
No. 23-10366) on March 29, 2023. In the petition signed by Yves
Steffen, as chief executive officer, the Debtor disclosed up to
$500 million in assets and up to $1 billion in liabilities.

Judge John T. Dorsey oversees the case.

The Debtors tapped Cole Schotz P.C. as local bankruptcy counsel,
Kirkland Ellis LLP and Kirkland & Ellis International LLP as
general bankruptcy counsel, Alvarez & Marshal North America, LLC as
financial and restructuring advisor, Lazard as investment banker,
and Donlin, Recano and Co., Inc. as claims, noticing, solicitation
and administrative agent.



SIO2 MEDICAL: Seeks to Hire Alvarez & Marsal as CFO Provider
------------------------------------------------------------
SiO2 Medical Products, Inc. and its affiliates seek approval from
the U.S. Bankruptcy Court for the District of Delaware to employ
Alvarez & Marsal North America, LLC to provide them with a chief
financial officer (CFO) and certain additional personnel.

The firm will render these services:

     (a) assist in the performance of a financial review of the
Debtors;

     (b) assist the Debtors in the review of possible strategic
alternatives for maximizing the enterprise value of the Debtors'
various business lines;

     (c) assist the Debtors on tax matters;

     (d) review the Debtors' tax analyses and transaction cost
treatment for tax purposes;

     (e) assist the Debtors with their internal investigations;

     (f) assist the Debtors with employee, vendor, customer and
other stakeholder communication processes and documents;

     (g) assist in the identification and execution of cost
reduction and operational improvement opportunities;

     (h) serve as the principal contact with the Debtors' key
constituents/creditors with respect to financial and operational
matters; and

     (i) perform such other services in connection with the
restructuring process.

The Debtors will pay the firm a monthly fee of $125,000 for the
first 60 days of the engagement, and $175,000 per month after the
first 60 days in return for the services rendered by the CFO.

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

     Managing Directors $1,025 – $1,375
     Directors              $775 – $975
     Analysts/Associates    $425 – $775

In addition, the firm will be reimbursed for out-of-pocket expenses
incurred.

R. Seth Bullock, disclosed in a court filing that the firm is a
"disinterested person" within the meaning of Section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     R. Seth Bullock
     Alvarez & Marsal North America, LLC
     700 Louisiana Street, Suite 3300
     Houston, TX 77002
     Telephone: (713) 571-2400
     Facsimile: (713) 547-3697
     Email: seth.bullock@alvarezandmarsal.com

                    About SiO2 Medical Products

SiO2 Medical Products, Inc. is a material life sciences company
that is at the precipice of mass-commercialization of its
breakthrough materials science technology that is poised to
revolutionize the pharmaceutical industry. Major pharmaceutical
players are testing the company's vials, syringes, tubes, and other
offerings, and the Company anticipates large-scale adoption in the
relative near term.

SiO2 Medical Products and its affiliates sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case
No. 23-10366) on March 29, 2023. In the petition signed by its
chief executive officer, Yves Steffen, SiO2 Medical Products
disclosed $100 million to $500 million in assets and $500 million
to $1 billion in liabilities.

Judge John T. Dorsey oversees the cases.

The Debtors tapped Kirkland Ellis, LLP and Kirkland & Ellis
International, LLP as general bankruptcy counsels; Cole Schotz P.C.
as local bankruptcy counsel; Alvarez & Marshal North America, LLC
as financial advisor; and Lazard Freres & Co. LLC as investment
banker. Donlin, Recano and Co., Inc. is the claims, noticing,
solicitation and administrative agent.

The U.S. Trustee for Region 3 appointed an official committee to
represent unsecured creditors in the Debtors' Chapter 11 cases. The
committee is represented by Potter Anderson & Corroon, LLP and
White & Case, LLP.


SIO2 MEDICAL: Seeks to Hire Kirkland & Ellis as Bankruptcy Counsel
------------------------------------------------------------------
SiO2 Medical Products, Inc. and its affiliates seek approval from
the U.S. Bankruptcy Court for the District of Delaware to employ
Kirkland & Ellis, LLP and Kirkland & Ellis International, LLP as
their attorneys.

The firms will render these services:

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

     (b) advise and consult the conduct of these Chapter 11 cases;

     (c) attend meetings and negotiate with representatives of
creditors and other parties in interest;

     (d) take all necessary actions to protect and preserve the
Debtors' estates;

     (e) prepare pleadings in connection with these Chapter 11
cases;

     (f) represent the Debtors in connection with obtaining
authority to continue using cash collateral and post-petition
financing;

     (g) advise the Debtors in connection with any potential sale
of assets;

     (h) appear before the court and any appellate courts to
represent the interests of the Debtors' estates;

     (i) advise the Debtors regarding tax matters;

     (j) take any necessary action on behalf of the Debtors to
negotiate, prepare, and obtain approval of a disclosure statement
and confirmation of a Chapter 11 plan and all documents related
thereto; and

     (k) perform all other necessary legal services for the Debtors
in connection with the prosecution of these Chapter 11 cases.

The hourly rates of the firms' attorneys and staff are as follows:

     Partners         $1,195 - $2,245
     Of Counsel         $820 - $2,125
     Associates         $685 - $1,395
     Paraprofessionals    $295 - $575

In addition, the firms will be reimbursed for out-of-pocket
expenses incurred.

Brian Schartz, Esq., a partner at Kirkland & Ellis and Kirkland &
Ellis International, disclosed in a court filing that the firms are
"disinterested persons" within the meaning of Section 101(14) of
the Bankruptcy Code.

Mr. Schartz also disclosed the following in response to the request
for additional information set forth in Paragraph D.1. of the
Revised UST Guidelines:

     a. Question: Did Kirkland agree to any variations from, or
alternatives to, Kirkland's standard billing arrangements for this
engagement?

        Answer: No. The firms and the Debtors have not agreed to
any variations from, or alternatives to, the firms' standard
billing arrangements for this engagement. The rate structure
provided by the firms is appropriate and is not significantly
different from (a) the rates that they charge for other
non-bankruptcy representations or (b) the rates of other comparably
skilled professionals.

     b. Question: Do any of the Kirkland professionals in this
engagement vary their rate based on the geographic location of the
Debtors' chapter 11 cases?

        Answer: No. The hourly rates used by the firms in
representing the Debtors are consistent with the rates that they
charge other comparable Chapter 11 clients regardless of the
location of the Chapter 11 case.

     c. Question: If Kirkland has represented the Debtors in the 12
months prepetition, disclose Kirkland's billing rates and material
financial terms for the prepetition engagement, including any
adjustments during the 12 months prepetition. If Kirkland's billing
rates and material financial terms have changed postpetition,
explain the difference and the reasons for the difference.

        Answer: The firms' current hourly rates for services
rendered on behalf of the Debtors range as follows:

        Billing Category       U.S. Range
        ----------------       ----------  
        Partners            $1,195 - $2,245
        Of Counsel          $820 - $2,125
        Associates          $685 - $1,395
        Paraprofessionals   $295 - $575

The firms' hourly rates for services rendered on behalf of the
Debtors from Oct. 28, 2022 to Dec. 31, 2022 range as follows:

        Billing Category       U.S. Range
        ----------------       ----------
        Partners            $1,135 - $1,995
        Of Counsel          $805 - $1,845
        Associates          $650 - $1,245
        Paraprofessionals   $265 - $495

     d. Question: Have the Debtors approved Kirkland's budget and
staffing plan, and, if so, for what budget period?

        Answer: Yes, for the period from March 29 to June 30,
2023.

The firms can be reached through:

     Brian Schartz, Esq.
     Kirkland & Ellis, LLP
     Kirkland & Ellis International, LLP
     601 Lexington Avenue
     New York, NY 10022
     Telephone: (212) 446-4800
     Facsimile: (212) 446-4900

                    About SiO2 Medical Products

SiO2 Medical Products, Inc. is a material life sciences company
that is at the precipice of mass-commercialization of its
breakthrough materials science technology that is poised to
revolutionize the pharmaceutical industry. Major pharmaceutical
players are testing the company's vials, syringes, tubes, and other
offerings, and the Company anticipates large-scale adoption in the
relative near term.

SiO2 Medical Products and its affiliates sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case
No. 23-10366) on March 29, 2023. In the petition signed by its
chief executive officer, Yves Steffen, SiO2 Medical Products
disclosed $100 million to $500 million in assets and $500 million
to $1 billion in liabilities.

Judge John T. Dorsey oversees the cases.

The Debtors tapped Kirkland Ellis, LLP and Kirkland & Ellis
International, LLP as general bankruptcy counsels; Cole Schotz P.C.
as local bankruptcy counsel; Alvarez & Marshal North America, LLC
as financial advisor; and Lazard Freres & Co. LLC as investment
banker. Donlin, Recano and Co., Inc. is the claims, noticing,
solicitation and administrative agent.

The U.S. Trustee for Region 3 appointed an official committee to
represent unsecured creditors in the Debtors' Chapter 11 cases. The
committee is represented by Potter Anderson & Corroon, LLP and
White & Case, LLP.


SIO2 MEDICAL: Seeks to Tap Donlin Recano as Administrative Advisor
------------------------------------------------------------------
SiO2 Medical Products, Inc. and its affiliates seek approval from
the U.S. Bankruptcy Court for the District of Delaware to employ
Donlin, Recano & Company, Inc. as administrative advisor.

The Debtors require an administrative advisor to:

     (a) assist with, among other things, any required
solicitation, balloting, and tabulation and calculation of votes,
as well as preparing any appropriate reports, as required in
furtherance of confirmation of Chapter 11 plan;

     (b) prepare an official ballot certification and testify, if
necessary, in support of the ballot tabulation results;

     (c) assist with the preparation of the Debtors' schedules of
assets and liabilities and statements of financial affairs and
gather data in conjunction therewith;

     (d) provide a confidential data room, if requested;

     (e) manage and coordinate any distributions pursuant to a
confirmed Chapter 11 plan; and

     (f) provide such other claims processing, noticing,
solicitation, balloting, and administrative services.

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

     Executive Management               No charge
     Senior Bankruptcy Consultant     $167 - $203
     Case Manager                     $153 - $167
     Consultant/Analyst                $126 - $99
     Technology/Programming Consultant $86 - $122
     Clerical                           $40 - $50

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

Prior to the petition date, the Debtors provided the firm a
retainer in the amount of $50,000.

Nellwyn Voorhies, an executive director at Donlin, Recano &
Company, disclosed in a court filing that the firm is a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.

The firm can be reached through:

     Nellwyn Voorhies
     Donlin, Recano & Company, Inc.
     48 Wall Street
     New York, NY 10016
     Telephone: (619) 346-1628
     Email: nvoorhies@donlinrecano.com

                    About SiO2 Medical Products

SiO2 Medical Products, Inc. is a material life sciences company
that is at the precipice of mass-commercialization of its
breakthrough materials science technology that is poised to
revolutionize the pharmaceutical industry. Major pharmaceutical
players are testing the company's vials, syringes, tubes, and other
offerings, and the Company anticipates large-scale adoption in the
relative near term.

SiO2 Medical Products and its affiliates sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case
No. 23-10366) on March 29, 2023. In the petition signed by its
chief executive officer, Yves Steffen, SiO2 Medical Products
disclosed $100 million to $500 million in assets and $500 million
to $1 billion in liabilities.

Judge John T. Dorsey oversees the cases.

The Debtors tapped Kirkland Ellis, LLP and Kirkland & Ellis
International, LLP as general bankruptcy counsels; Cole Schotz P.C.
as local bankruptcy counsel; Alvarez & Marshal North America, LLC
as financial advisor; and Lazard Freres & Co. LLC as investment
banker. Donlin, Recano and Co., Inc. is the claims, noticing,
solicitation and administrative agent.

The U.S. Trustee for Region 3 appointed an official committee to
represent unsecured creditors in the Debtors' Chapter 11 cases. The
committee is represented by Potter Anderson & Corroon, LLP and
White & Case, LLP.


SIO2 MEDICAL: Seeks to Tap Lazard Freres & Co. as Investment Banker
-------------------------------------------------------------------
SiO2 Medical Products, Inc. and its affiliates seek approval from
the U.S. Bankruptcy Court for the District of Delaware to employ
Lazard Freres & Co. LLC as their investment banker.

The firm will render these services:

     (a) review and analyze the Debtors' business, operations, and
financial projections;

     (b) evaluate the Debtors' potential debt capacity in light of
their projected cash flows;

     (c) assist in the determination of a capital structure for the
Debtors;

     (d) assist in the determination of a range of values for the
Debtors on a going concern basis;

     (e) assist in analyzing potential liability management
transactions or other capital structure or strategic alternatives;

     (f) evaluate the financial terms of any proposed transaction;

     (g) advise the Debtor on tactics and strategies for
negotiating with stakeholders;

     (h) render financial advice to the Debtors and participate in
meetings or negotiations with its stakeholders and/or rating
agencies or other appropriate parties in connection with any
restructuring;

     (i) advise the Debtors on the timing, nature and terms of new
securities, other consideration or other inducements to be offered
pursuant to any restructuring;

     (j) advise and assist the Debtors in evaluating any potential
financing transaction and in contacting potential sources of
capital and assist the Debtors in implementing such financing;

     (k) assist the Debtors in preparing documentation within
Lazard's area of expertise that is required in connection with any
restructuring;

     (l) assist the Debtors in identifying and evaluating
candidates for any potential sale transaction, advise the Debtors
in connection with negotiations and aide in the consummation of any
sale transaction;

     (m) attend meetings of the board of directors of the Debtors;

     (n) provide testimony, as necessary, with respect to matters
on which Lazard has been engaged to advise under the terms of the
engagement letter in any proceeding before the court; and

     (o) provide the Debtors with other financial advice.

The firm will be compensated as follows:

     (a) a monthly fee of $150,000;

     (b) a financing fee, payable upon consummation of any
financing;

     (c) a restructuring transaction fee equal to $7,500,000;

     (d) a sale fee equal to the greater of (a) 1.5 percent of the
aggregate consideration involved in such sale and (b) $7,500,000.

Tyler Cowan, a managing director at Lazard Freres & Co., disclosed
in a court filing that the firm is a "disinterested person" as that
term is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Tyler W. Cowan
     Lazard Freres & Co. LLC
     30 Rockefeller Plaza
     New York, NY 10112
     Telephone: (212) 632-6000

                    About SiO2 Medical Products

SiO2 Medical Products, Inc. is a material life sciences company
that is at the precipice of mass-commercialization of its
breakthrough materials science technology that is poised to
revolutionize the pharmaceutical industry. Major pharmaceutical
players are testing the company's vials, syringes, tubes, and other
offerings, and the Company anticipates large-scale adoption in the
relative near term.

SiO2 Medical Products and its affiliates sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case
No. 23-10366) on March 29, 2023. In the petition signed by its
chief executive officer, Yves Steffen, SiO2 Medical Products
disclosed $100 million to $500 million in assets and $500 million
to $1 billion in liabilities.

Judge John T. Dorsey oversees the cases.

The Debtors tapped Kirkland Ellis, LLP and Kirkland & Ellis
International, LLP as general bankruptcy counsels; Cole Schotz P.C.
as local bankruptcy counsel; Alvarez & Marshal North America, LLC
as financial advisor; and Lazard Freres & Co. LLC as investment
banker. Donlin, Recano and Co., Inc. is the claims, noticing,
solicitation and administrative agent.

The U.S. Trustee for Region 3 appointed an official committee to
represent unsecured creditors in the Debtors' Chapter 11 cases. The
committee is represented by Potter Anderson & Corroon, LLP and
White & Case, LLP.


SPEIDEL CONSTRUCTION: Glen Watson Named Subchapter V Trustee
------------------------------------------------------------
Paul Randolph, Acting U.S. Trustee for Region 8, appointed Glen
Watson as Subchapter V trustee for Speidel Construction, Inc.

Mr. Watson will be paid an hourly fee of $425 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

Mr. Watson declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Glen Watson
     P.O. Box 121950
     Nashville, TN 37212
     Email: glen@watsonpllc.com
     Phone: (615) 823-4680

                     About Speidel Construction

Speidel Construction, Inc., doing business as Speidel Airfield
Marking, filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. M.D. Tenn. Case No. 23-01473) on April 24,
2023. In the petition signed by its chief executive officer, Wayne
Todd Pope, the Debtor disclosed $712,222 in assets and $1,683,616
in liabilities.

Judge Charles M. Walker oversees the case.

Steven L. Lefkovitz, Esq., at Lefkovitz & Lefkovitz is the Debtor's
legal counsel.


SPG HOSPICE: PCO Files Fifth Interim Report
-------------------------------------------
Susan Goodman, the court-appointed patient care ombudsman, filed a
fifth interim report regarding the quality of patient care provided
at the healthcare facility operated by SPG Hospice, LLC's
affiliates, Scottsdale Physicians Group, PLC and United Telehealth
Corp.

                 Scottsdale Physicians Group Entity

Continued monitoring of hospitalist physician-to-patient encounter
data for services provided at HonorHealth Scottsdale Shea Medical
Center ("Shea") demonstrated consistent analytics to those provided
in PCO's Fourth Report. In addition to continued positive comments
regarding the hospitalists team, the SPG on-site nurse liaison team
member was reported as instrumental in promptly addressing and
resolving day-to-day operational, care-related challenges when they
occurred.

The PCO noted and reviewed the audit report associated with the
Chapter 11 trustee's Third Report. However, PCO's focus, consistent
with Section 333(b) of the Bankruptcy Code, remains on the quality
of patient care services provided. To that end, the PCO was
understandably excluded from the working group associated with the
audit and any specific audit findings follow-up. The PCO did
follow-up on a reported complaint received through counsel to
confirm that it did not involve a clinical quality care concern.

The post-acute, long-term care ("PA-LTC") clinician team reported
one clinician departure this interim reporting cycle. Accordingly,
patient/resident services were reported as continuing uninterrupted
by the PA-LTC Chief Medical Officer ("CMO"). No questions or
responses were received from PA-LTC customers in response to the
letter. The PA-LTC CMO also stated that no patient/resident
complaints were received during this reporting cycle.

                 United Telehealth Corp. Services
                  also known as SPG Virtual Care

The PCO noted that SPG Hospice continues to report efforts to
identify potential sale partners. The PCO's immediate concern was
understanding if SPG Hospice could remain operational past the June
30, 2023, wind-down of the SPG entity. The Chapter 11 Trustee
reported positively on that question.

The PCO continued to wrestle with the question of whether
additional notice to either insurer customers or, possibly,
patients directly, would prove more beneficial or confusing for
United Telehealth's patient panel arising from roughly 2,200
monthly visits. A sale could eliminate patient transition concerns
such that the challenges and possible patient confusion associated
with direct notice would outweigh its benefits.

A copy of the fifth interim report is available for free at
https://bit.ly/3NleQ3u from PacerMonitor.com.

                         About SPG Hospice

Established in 2018, SPG Hospice, LLC provides hospice services
throughout Arizona but primarily located in the Phoenix
metropolitan area.

SPG Hospice's affiliate, Scottsdale Physicians Group, PLC, provides
hospitalist staffing services for hospitals and physician staffing
services to skilled nursing facilities and other post-acute
settings. Its workforce is comprised of medical providers and
disease support personnel.

Meanwhile, United Telehealth Corp., another SPG Hospice affiliate,
provides advanced virtual care medical services to patients in
their homes throughout Arizona. It combines the remote provider
aspect of traditional telemedicine with an in-person medical
technician "Tech" who is physically present with the patient in
their home or facility.

SPG Hospice, Scottsdale and United Telehealth Corp. sought
protection for relief under Chapter 11 of the Bankruptcy Code
(Bankr. D. Ariz. Lead Case No. 22-02385) on April 19, 2022. At the
time of the filing, SPG Hospice listed up to $50,000 in assets and
up to $500,000 in liabilities.

Judge Eddward P. Ballinger, Jr. oversees the cases.

Jonathan P. Ibsen, Esq., at Canterbury Law Group, LLP serves as the
Debtors' legal counsel.

James Cross, the court-appointed Chapter 11 trustee for the
Debtors, tapped Cross Law Firm, PLC as bankruptcy counsel; Terry A.
Dake, Ltd. as special counsel; Baldwin Moffitt Behm, LLP as tax
preparer; and Kathy Steadman of Coppersmith Brockelman, PLC as
healthcare personnel and regulatory compliance specialist.

Susan N. Goodman is the patient care ombudsman appointed in the
Debtors' bankruptcy cases.


SPIRE INC: Moody's Affirms Ba1 Pref. Stock Rating, Outlook Stable
-----------------------------------------------------------------
Moody's Investors Service affirmed the ratings of Spire Alabama
Inc. (Spire Alabama), including its A2 senior unsecured rating and
changed its outlook to negative from stable.

Moody's affirmed the ratings of Spire Missouri Inc. (Spire
Missouri), including its A1 senior secured rating and changed its
outlook to stable from negative.

Moody's also affirmed the ratings of parent company Spire Inc
(Spire), including its Baa2 Senior Unsecured Notes, Ba1 preferred
stock rating, and Prime-2 short-term rating for commercial paper.
The outlook for Spire is stable.

RATINGS RATIONALE

"Spire Alabama's negative outlook reflects credit metrics that have
deteriorated materially since 2021 and are expected to now be
sustained at lower levels than the utility had historically
achieved", said Jillian Cardona, Analyst. For the last twelve
months ended 31 December 2022, Spire Alabama's ratio of cash flow
from operations before changes in working capital (CFO pre-WC to
debt) was a weak 6.7% due to the adverse impact of higher natural
gas prices incurred last year. Even when adjusting for these
natural gas prices, which will ultimately be recovered from
customers, the utility's CFO pre-WC to debt ratio would have been
below 13%, much lower than the historical average of over 25%
during the 2018-2020 period. While Moody's expects Spire Alabama's
cash flow generation to improve over the next two years, the
utility also added incremental long term debt last year of around
$150 million to support ongoing capital expenditures, which will
pressure metrics.

The negative outlook is also prompted by the lower returns
authorized in Spire Alabama's most recent regulatory proceeding.
The utility made its Rate Stabilization and Equalization (RSE)
filing in October 2022 which resulted in a return on equity (ROE)
range of 9.5%-9.9%, down from the previously approved
10.15%-10.65%, a credit negative development at time of rising
interest rates. On a positive note, the utility's authorized equity
layer was maintained at 55.5%. The additional leverage, combined
with lower returns authorized in the most recent RSE proceeding,
will contribute to Spire Alabama sustaining lower credit metrics
than previously, including a ratio of CFO pre-WC to debt in the
high-teens.

The change in Spire Missouri's outlook to stable from negative
considers the utility's credit supportive rate case outcome in
Missouri, providing a clear path for the company to improve its
credit metrics to levels that are appropriate for its current A1
senior secured rating. The Missouri Public Service Commission
(MPSC) approved a black-box settlement agreement on November 18,
2022 that included a $72 million rate increase. Moody's views Spire
Missouri's ability to reach a settlement with key parties as credit
positive considering the utility had filed two rate cases in
successive years with mixed results.

The settlement addressed several of the credit negative provisions
in the utility's earlier November 2021 rate case outcome that had
precipitated the negative outlook. For example, the MPSC authorized
recovery of approximately $43 million of deferred overhead costs
related to construction ($17.3 million included in rate base) and
other non-operational costs ($25.5 million not included in rate
base) over 15 years. This reverses the decision in November 2021 in
which the MPSC did not allow any recovery of these amounts.

Although the settlement was black-box with traditional regulatory
parameters not made public, a 6.75% allowed after-tax rate of
return for Infrastructure System Replacement Surcharge (ISRS)
capital spending was disclosed and compares favorably to the
established ISRS after-tax return in the prior rate case of 6.37%.
Lastly, the settlement was silent in respect to including
short-term debt in the regulatory capital structure, in contrast to
the November 2021 final order that specifically included these
amounts in the calculation. Moody's assumes that the capital
structure will revert back to its historical composition by not
including short-term debt for regulatory purposes, a credit
positive.

Although Spire Missouri's CFO pre-WC to debt metric was also very
weak at 2.6% for the LTM ended December 31, 2022, this was largely
due to deferred excess gas costs resulting from Winter Storm Uri in
February 2021, compounded by high natural gas costs last year.
These costs were deferred on the balance sheet as a regulatory
asset and the utility agreed with the MPSC to recover the increased
costs from customers over a three year period in order to mitigate
monthly customer bill spikes. Pro forma for the delayed recovery of
higher gas costs, as well as the increase in short-term debt used
to cover the excess gas purchases and deferred overhead costs,
Moody's estimate that Spire Missouri's ratio of CFO pre-W/C to debt
would have been roughly 12%. With new rates in place, along with an
expected reduction in the leverage associated with supporting fuel
procurement during periods of elevated gas prices, Moody's expect
Spire Missouri's credit metrics to improve such that its CFO pre-WC
to debt ratio will be in the high-teens after the end of this
year.

The affirmation of Spire's Baa2 senior unsecured debt rating with a
stable outlook reflects the credit quality of its two natural gas
distribution utilities that help support predictable cash flow
distributions to the parent company. The affirmation also considers
progressively declining leverage at the holding company level
(i.e., currently around 27% of consolidated debt versus 36% in
2018) and cash flow to debt metrics that are expected to improve to
around 13%-15% CFO pre-WC to debt over the next two years. Lastly,
the rating affirmation incorporates Moody's expectation that
Spire's unregulated operations will remain small compared to its
utilities at or below 10% of consolidated EBITDA, given that these
businesses are more volatile and have a higher risk profile than
the regulated LDCs.

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

FACTORS THAT COULD LEAD TO AN UPGRADE

The negative outlook on Spire Alabama makes it unlikely that the
rating will be upgraded over the near term. The utility could be
upgraded if the regulatory framework in Alabama becomes more credit
supportive, if leverage is reduced materially and if key financial
metrics improve such that its ratio of CFO pre-W/C to debt is
sustained above 24%.  This is a decrease from the 26% level that
Moody's had cited previously.

Spire Missouri could be upgraded if the Missouri regulatory
environment becomes more credit supportive through additional
recovery mechanisms such as full revenue decoupling, or financial
metrics improve such that its ratio of CFO pre-W/C to debt is above
22% on a sustained basis.

Spire could be upgraded if holding company debt is reduced to less
than 25% of consolidated debt and its financial performance
improves such that its ratio of CFO pre-W/C to debt increases to
16% on a sustained basis. This is a decrease from the 17% level
that Moody's had cited previously.  An upgrade could also be
considered for Spire if the regulatory environments in which its
subsidiaries operate become more highly credit supportive through
additional recovery mechanisms and either of its utility
subsidiaries is upgraded.

A rating upgrade of all three entities is predicated on the parent
not significantly increasing either its unregulated businesses or
parent level debt as a proportion of consolidated debt that would
result in increased financial risk throughout the corporate
family.

FACTORS THAT COULD LEAD TO A DOWNGRADE

Spire Alabama could be downgraded if there is an adverse change in
the Alabama regulatory framework that reduces credit support, or if
financial metrics continue to deteriorate including a ratio of CFO
pre-W/C to debt below 20% for an extended period. This is a
decrease from the 22% level that Moody's had cited previously.
Spire Alabama could be downgraded if Spire was downgraded due to
affiliation with a weaker parent.

Spire Missouri could be downgraded if the regulatory environment in
Missouri becomes less credit supportive or contentious through a
reduction in the timeliness of cost recovery or if the utility's
financial metrics deteriorate such that its ratio of CFO pre-W/C to
debt falls below 18% on a sustained basis.

Spire could be downgraded if the degree of regulatory support were
to decline materially, particularly in Missouri which is where its
largest subsidiary operates, or if the company's financial profile
were to remain weak including a ratio of CFO pre-W/C to debt
remaining below 13% for an extended period.

All three entities could also be negatively pressured if contagion
risk related to the parent or affiliate businesses increases due to
incremental leverage resulting from additional acquisitions,
increased unregulated business investments, or if the parent
undertakes aggressive debt financed shareholder friendly activities
such that the risk profile of the corporate family deteriorates.

Affirmations:

Issuer: Spire Alabama Inc.

Senior Unsecured Medium-Term Notes, Affirmed (P)A2

Senior Unsecured Notes, Affirmed A2

Issuer: Spire Inc.

Preferred Stock, Affirmed Ba1

Senior Unsecured Commercial Paper, Affirmed P-2

Senior Unsecured Notes, Affirmed Baa2

Issuer: Spire Missouri Inc.

Senior Secured Shelf, Affirmed (P)A1

Senior Secured First Mortgage Bonds, Affirmed A1

Outlook Actions:

Issuer: Spire Alabama Inc.

Outlook, Changed To Negative From Stable

Issuer: Spire Inc.

Outlook, Remains Stable

Issuer: Spire Missouri Inc.

Outlook, Changed To Stable From Negative

PROFILE

Spire Inc. is a utility holding company based in St. Louis,
Missouri. Spire's principal operating subsidiary is Spire Missouri
Inc., a regulated natural gas local distribution company serving
almost 1.7 million customers in the eastern and western part of
Missouri. Spire's second largest operating subsidiary is Spire
Alabama Inc., the largest regulated natural gas local distribution
company in Alabama serving around 430,000 customers. Spire also
owns Spire Gulf (unrated) and Spire Mississippi (unrated), which
are small LDCs in Alabama and Mississippi, respectively. The
Alabama utilities are regulated by the Alabama Public Service
Commission and Spire Mississippi is under the purview of the
Mississippi Public Service Commission.

Spire owns and operates the STL Pipeline, a 65-mile natural gas
pipeline which delivers natural gas into eastern Missouri,
primarily serving affiliate Spire Missouri East, and is regulated
by the Federal Energy Regulatory Commission. Spire's unregulated
businesses account for the remainder of Spire's operations, which
contribute around 5% of consolidated earnings. The largest
unregulated business is a gas marketing segment, Spire Marketing
(unrated), but other smaller businesses include a propane pipeline
and natural gas compression.

The principal methodology used in these ratings was Regulated
Electric and Gas Utilities published in June 2017.


STRUCTURLAM MASS TIMBER: $7.5 Million DIP Loan Okayed
-----------------------------------------------------
Vince Sullivan of Law360 reports that bankrupt wood product
manufacturer Structurlam Mass Timber U. S. Inc. received interim
approval Wednesday, April 26, 2023, to tap into a $7.5 million
debtor-in-possession loan as it pursues a sale of its assets in
Delaware bankruptcy court.

As reported in the TCR, Structurlam Mass Timber Corporation, the
leading mass timber manufacturer in North America, said that it
sought Chapter 11 protection after it has entered into a stalking
horse asset purchase agreement (the "APA") with Mercer
International Inc. to sell substantially all the Company's assets
in British Columbia and Arkansas for US$60 million.  The APA is
subject to higher and better offers as part of a court monitored
auction process.

The Company secured a C$7.5 million debtor-in-possession ("DIP")
facility from the Bank of Montreal to fund its operations
throughout the court process.

            About Structurlam Mass Timber Corporation

Structurlam -- http://structurlam.com/-- is the leading North
American provider of mass timber solutions for construction and
industrial markets in Canada and the U.S. Its structural laminated
mass timber and industrial products include CrossLam(R) CLT
cross-laminated panels, and GlulamPLUS(R) glue-laminated columns
and beams. Structurlam is also the first producer in North America
to introduce CLT in the production of industrial ground protection
matting products. Structurlam's entire product line is built from
North American sustainably harvested softwood lumber, ensuring
consistent product and environmental standards. Structurlam
collaborates with architects, engineers and industrial OEM
customers to create fully integrated solutions that combine design,
engineering, a customized project delivery experience. Established
in 1962, Structurlam's world-class reputation is built on
innovation, cost-efficiency and quality. Structurlam is based in
Penticton, British Columbia and has mass timber production
facilities in Canada and the U.S.

After reaching a deal with Mercer International Inc. to sell its
assets in British Columbia and Arkansas for US$60 million,
Structurlam Mass Timber U.S., Inc., and certain of its affiliates
sought Chapter 11 protection (Bankr. D. Del. Lead Case No.
23-10497) on April 21, 2023.

Recognition of the Chapter 11 proceedings will be sought in the
Supreme Court of British Columbia.

Structurlam Mass Timber estimated assets and debt of $100 million
to $500 million as of the bankruptcy filing.

The Debtors tapped PAUL HASTINGS LLP as general bankruptcy counsel;
ALVAREZ & MARSAL CANADA INC. as financial advisor; and STIFEL,
NICOLAUS & COMPANY, INCORPORATED and MILLER BUCKFIRE & CO., LLC, as
investment bankers.  POTTER ANDERSON & CORROON LLP is the local
bankruptcy counsel.  GOWLING WLG is the Canadian counsel.  KURTZMAN
CARSON CONSULTANTS LLC is the claims agent.


STRUCTURLAM MASS: C$7.5MM DIP Loan from Bank of Montreal OK'd
-------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
Structurlam Mass Timber U.S., Inc. and Structurlam Mass Timber
Corporation to use cash collateral and obtain postpetition
financing on an interim basis.

The Debtors obtained post-petition financing in the form of a
revolving credit facility from Bank of Montreal in accordance with
the terms and conditions set forth in the Senior Secured
Super-Priority Debtor-in-Possession Financing Credit Agreement.

Under the DIP Credit Agreement, the DIP Lender will extend up to
C$4 million during the interim financing period and up to C$7.5
million following the entry of the Final Order in form and
substance acceptable to the DIP Lender.

The DIP Credit Agreement matures on the earlier to occur of:

     (a) June 30, 2023;
     (b) the effective date of a Plan;  
     (c) the Closing of the sale of the Debtors' assets; and
     (d) the date of delivery of an Acceleration Notice or the
occurrence of an Acceleration Event.

The Debtors are required to comply with several milestones
including:

     (a) reasonable best efforts shall be made by the Borrowers to
have the U.S. Court enter the Interim U.S. DIP Order on or prior to
one Banking Day after the Petition Date, and in any case on or
prior to two Banking Days after the Petition Date, the U.S. Court
will have entered the Interim U.S. DIP Order;

     (b) reasonable best efforts will be made by the Borrowers to
have the Canadian Court issue the Initial Order on or prior to two
Banking Days after the date the U.S. Court enters the Interim U.S.
DIP Order, and in any case on or prior to three Banking Days after
the date the U.S. Court enters the Interim U.S. DIP Order, the
Canadian Court will have issued the Initial Order;

     (c) on or prior to one Banking Day after the Petition Date,
the Obligors will have filed with the U.S. Court a motion seeking
entry of the Sale Procedures Order and the Sale Order;

     (d) on or prior to April 28, 2023, the Obligors will have
filed with the Canadian Court a motion seeking an order recognizing
the Sale Procedures Order and Sale Order; and

     (e) reasonable best efforts will be made by the Borrowers to
have the U.S. Court enter the Sale Procedures Order by April 28,
2023, and in any case on or prior to the first Banking Day that is
10 calendar days after the Petition Date, the U.S. Court will have
entered the Sale Procedures Order.

As of the Petition Date, the Loan Parties were indebted to the Bank
of Montreal under the Pre-Petition Loan Documents in respect of:

     (a) a committed revolving credit facility in the maximum
principal amount of C$3 million,

     (b) a non-revolving term credit facility in the original
maximum principal amount of C$21.333 million,

     (c) a revolving letter of credit facility in the maximum
principal amount of C$413,000,

     (d) a committed, reducing, non-revolving term credit facility
in the original maximum principal amount of US$35.529 million,

     (e) a MasterCard Facility providing corporate credit card
services in the maximum principal amount of US$50,000 and C$100,000
and

     (f) an uncommitted non-revolving demand facility in the
maximum principal amount of C$900,000 in an aggregate outstanding
principal amount of not less than US$50.065 million, plus interest
accrued and accruing thereon, together with all costs, fees,
expenses and other charges accrued, accruing or chargeable with
respect thereto, each in accordance with the terms of the
Pre-Petition Credit Agreement.

The Debtors require the use of cash collateral and access to DIP
financing to operate their businesses in the ordinary course of
business and fund the Chapter 11 Cases.

The Court said the cash collateral and proceeds of collateral in
excess of the aggregate receipts forecast in the initial DIP Budget
will be applied, first, to repayment of the Pre-Petition
Obligations up to the amount of C$3.9 million, and second, to the
DIP Indebtedness until paid in full, in accordance with the Payment
Protocol as defined in the DIP Credit Agreement.

As adequate protection for the use of cash collateral, the
Pre-Petition Lender is granted valid, binding, enforceable and
perfected replacement liens upon and security interests in all
Collateral. The Replacement Lien will be junior and subordinate
only to (A) the Carve-Out (B) the Permitted Liens, and (C) DIP
Liens, and will otherwise be senior to all other security interests
in, liens on, or claims against any of the Collateral.

As additional adequate protection, the Pre-Petition Lender is
granted an allowed superpriority administrative expense claim in
each of the Chapter 11 Cases and any successor bankruptcy cases.

These events constitute an "Event of Default":

     (a) any Debtor's failure to perform, in any respect, any of
its obligations under this Interim Order; or

     (b) an "Event of Default" under the DIP Credit Agreement or
any of the other DIP Loan Documents, including but not limited to
any failure to comply with the Milestones.

A final hearing on the matter is set for May 19, 2023 at 10 a.m.

A copy of the order is available at https://bit.ly/3LmW8Wq from
PacerMonitor.com.

                  About Structurlam Mass Timber U.S., Inc.

Structurlam Mass Timber U.S., Inc. is a manufacturer of mass timber
solutions including cross laminated timber, Glulam beams,
industrial matting and more.

On April 21, 2023, SLP Holdings Ltd., Structurlam Mass Timber
Corporation (formerly SLP Operations Ltd.), Structurlam Mass Timber
U.S., Inc. and Natural Outcomes, LLC commenced proceedings by
filing voluntary petitions for relief pursuant to chapter 11 of the
Bankruptcy Code (Bankr. D. Del. Lead Case No. 23-10497).  In
connection with the Chapter 11 Proceedings, the U.S. Bankruptcy
Court has appointed SLP as the foreign representative of
Structurlam.

On application made by the Foreign Representative, on April 27,
2023, the Supreme Court of British Columbia granted orders, among
other things, recognizing the Chapter 11 Proceedings as a foreign
proceeding under Part IV of the Companies' Creditors Arrangement
Act, staying all proceedings against Structurlam, and appointing
Alvarez & Marsal Canada Inc. as the Information Officer in the
Canadian recognition proceedings under the CCAA.

In the petition signed by Shawn Turkington, authorized signatory,
the Debtor disclosed up to $500 million in both assets and
liabilities.

Judge Craig T. Goldblatt oversees the U.S. cases.

The Debtors tapped M. Blake Cleary, Esq., at Potter Anderson and
Corroon LLO, as local bankruptcy counsel, Paul Hastings LLP as
general bankruptcy counsel, Gowling WLG as Canadian bankruptcy
counsel, Alvarez and Marsal Canada Inc. as financial advisor,
Stifel, Nicolaus and Co. Inc. and Miller Buckfire and Co. LLC as
investment banker, and Kurtzman Carson Consultants LLC as notice
and claims agent.



SURRENDER SOLUTIONS: Court OKs Deal on Cash Collateral Access
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California,
Santa Ana Division, authorized Surrender Solutions, Inc. to use
cash collateral on an interim basis in accordance with its
agreement with Amazon Capital Services, Inc. and Amazon.com
Services LLC.

The Debtor is permitted to use cash collateral including cash
collateral in the Debtor's Amazon store seller account.

The Debtor buys its inventory from an affiliated entity Vici
wellness, Inc., which also filed a chapter 11 bankruptcy petition
on March 24, 2023, commencing case number 8:23-bk-10612-TA in the
Bankruptcy Court.

The Debtor sells its products on the Amazon Store pursuant to the
terms of the Amazon Services Business Solutions Agreement, an
executory contract, together with applicable service terms,
policies, and other agreements. The BSA provides that the Debtor is
responsible for reimbursing Amazon for refunds and returns and for
any claims Amazon receives or initiates under the "A-to-z
Guarantee" or the "A-to-z Claims Process for Property Damages and
Personal Injury." In addition, the BSA provides that Amazon.com may
establish a reserve on the Debtor's Amazon Seller Account based on
its assessment of risks to Amazon or third parties posed by the
Debtor's actions or performance, the amount of which may be
modified from time to time at Amazon.com's sole discretion.

Amazon Capital Services, Inc. has asserted a security interest in
substantially all of the Debtor's assets and a first-priority
security interest in the Debtor's Amazon Seller Account.

ACS loaned the Debtor the principal amount of $150,000 pursuant to
a written loan agreement dated February 20, 2023, which refinanced
an earlier loan ACS made to the Debtor. As of March 29,2023, there
was $151,624 owed by the Debtor pursuant to the terms of the Loan
Agreement. Interest accrues on the loan at the rate of 12.99% per
annum. The Loan Agreement requires the Debtor to make monthly
payments to ACS of $13,397.

Pursuant to the terms of the Loan Agreement, the Debtor granted ACS
liens on and security interests in its inventory in Amazon
fulfillment centers, the Debtor's Seller Account, and substantially
all of the Debtor's assets including but not limited to its
equipment, goods, inventory, and accounts. ACS properly perfected
its security interests in the Prepetition Collateral by filing
UCC-1 financing statement with the California Secretary of State on
or about December 7, 2021. As of March 29, 2023, there was $33,533
in cash in the Seller Account. ACS has administratively frozen all
funds in the Seller Account pending entry of an order authorizing
the Debtor's use of cash collateral.

ACS consented to the Debtor's use cash collateral in the amounts
and for the expenses set forth on the budget. To satisfy ACS's
right to adequate protection of its interest in the Debtor's cash
collateral for any diminution in value of its alleged interest in
the cash collateral, pursuant to 11 U.S.C. sections 361, 363, and
552(b), to the extent the Debtor uses cash collateral, ACS is
granted valid, attached, choate, enforceable, perfected, and
continuing security interests in, and liens upon, all postpetition
assets of the Debtor of the same character and type, to the same
nature, extent, and validity as the items and encumbrances of ACS
attached to the Debtor's assets prior to the Petition Date. ACS's
security interests in, and liens upon, the Post-Petition Collateral
will have the same validity as existed between ACS, the Debtor, and
all other creditors or claimants against the Debtor's estate on the
Petition Date.

As additional adequate protection to ACS, and in accordance with
the Budget, ACS is entitled to an initial adequate protection
payment of $13,000 from funds in the Debtor's Amazon Seller
Account. In addition, ACS is entitled to loan payments in the
amount of $7,000 per month commencing in May 2023, which ACS will
be entitled to deduct from the Debtor's Seller Account on an
ongoing basis in accordance with the Stipulation and the Budget.

The Debtor agrees to seek approval of a chapter 11 plan that
provides for the payment of ACS' secured claim at 12.99%, with
monthly payments of $7,000 until the claim is paid in full over a
term of no less than 22 months commencing in May 2023, which ACS
will be entitled to deduct from the Debtor's Seller Account on an
ongoing basis until ACS's secured claim in paid in full.

ACS will hold allowed administrative claims under 11 U.S.C. section
507(b) with respect to the adequate protection obligations of the
Debtor to the extent the replacement liens on Post-Petition
Collateral do not adequately protect the diminution in value of the
interests of ACS in its pre-petition collateral. The administrative
claims shall be junior and subordinate only to any superpriority
claim of the kind ordered by the Court and specified in Section 364
of the Bankruptcy Code. The administrative claims will be payable
from and have recourse to all prepetition and post-petition
property of the Debtor and all proceeds thereof.

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

A copy of the order is available at https://bit.ly/40TXw8G from
PacerMonitor.com.

The Debtor projects total expenses, on a monthly basis, as
follows:

     $64,024 for April 2023;
     $71,024 for May 2023;
     $71,024 for June 2023;
     $73,874 for July 2023;
     $83,874 for August 2023; and
     $73,024 for September 2023.

                 About Surrender Solutions, Inc.

Surrender Solutions, Inc. sells a variety of wellness products,
including wellness patches, oils, lotions, ayurvedic/aromatherapy
rollers, candles, lip balms, matches, sleep masks, and other
similar products on Amazon. Surrender Solutions buys its products
from an affiliated entity Vici Wellness, Inc., which also filed a
chapter 11 bankruptcy as a Subchapter V Debtor on March 24, 2023.

Surrender Solutions sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. C.D. Cal. Case No. 23-10611) on March 24,
2023. In the petition signed by Kymbirley Brake, chief financial
officer, the Debtor disclosed up to $50,000 in assets and up to $1
million in liabilities.

Judge Theodor C. Albert oversees the case.

Michael Jay Berger, Esq., at the Law Offices of Michael Jay Berger,
represents the Debtor as legal counsel.



TENET HEALTHCARE: Moody's Rates New $1.35BB First Lien Notes 'B1'
-----------------------------------------------------------------
Moody's Investors Service assigned a B1 rating to Tenet Healthcare
Corporation's proposed offering of $1.35 billion of senior secured
first lien notes due 2031. There is no change to the company's B1
Corporate Family Rating, B1-PD Probability of Default Rating, B3
senior unsecured notes ratings, SGL-1 Speculative Grade Liquidity
rating, or the stable outlook.

Tenet intends to use the net proceeds from this offering, together
with cash on hand, to redeem approximately a similar amount of
outstanding 4.625% senior secured first lien notes due 2024 and to
pay transaction-related expenses. Moody's views the offering as
credit positive because it is leverage neutral and it will extend
Tenet's debt maturities while improving liquidity. Moody's
estimates that the company's financial leverage will be
approximately 5.5 times pro forma for this refinancing
transaction.

The following ratings were assigned:

Assignments:

Issuer: Tenet Healthcare Corporation

Senior Secured First Lien Global Notes, Assigned B1

RATINGS RATIONALE

Tenet's B1 CFR reflects the company's significant scale, good
business diversity, moderately high financial leverage and very
good liquidity. In addition to acute care hospitals, the company
has a sizeable portfolio of ambulatory surgery centers (ASCs) and a
revenue cycle management business which add business diversity.

Moody's expects that the company will operate with debt/EBITDA
sustained in the mid-5 times range. The B1 CFR is constrained by
some geographic concentration in Texas, Florida and California
where around 55% of the company's licensed beds are located. The
company's shareholder-friendly policies are also constraining
factors.

The stable outlook reflects Moody's view that Tenet will continue
to operate with significant scale and diversity while maintaining
moderately high financial leverage.

Tenet's CIS-4 indicates the rating is lower than it would have been
if ESG risk exposures did not exist. As a healthcare provider,
Tenet has exposure to responsible production, which considers the
company's potential liability related to patient care. The company
is also exposed to human capital as it relies on highly specialized
labor to provide its services. Finally, the S-4 score reflects
Tenet's exposure to the potential impact of demographic and
societal trends in its businesses particularly changes in
reimbursement rates by its payors, which include government payors,
as well as a push towards reducing overall healthcare costs.
Tenet's G-4 score reflects the company's financial strategy and
risk management highlighted by consistently high financial leverage
which remains a significant constraint on the ratings. Tenet's E-3
score reflects the company's exposure to physical climate risks
that can disrupt operations, notably in the states of Florida and
Texas where approximately 37% of total beds are located.

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

Tenet's ratings could be downgraded if the company's operating
performance weakens due to any reason including potential misstep
in executing an aggressive ASC business expansion strategy.
Negative rating pressure may arise if the company's financial
policies were to become more aggressive through material
debt-funded acquisitions or more aggressive returns to
shareholders. Quantitatively ratings could be downgraded if
debt/EBITDA was sustained above 5.75 times or if free cash flow
after non-controlling interest distributions were to materially
decline.

The ratings could be upgraded if Tenet can realize the additional
benefits from its recent cost and operating initiatives, including
increased profit margins. Further, the ratings could be upgraded if
Tenet sustains and improves its free cash flow and reduces
financial leverage. Quantitatively, ratings could be upgraded if
debt/EBITDA was sustained below 5 times for an extended period.

Tenet, headquartered in Dallas, Texas, operated 61 hospitals and
over 109 outpatient facilities as of March 31, 2023. The company
also held ownership interests in 445 ASCs and 24 surgical hospitals
in 35 states through its USPI Holding Company, Inc. subsidiary.
Tenet's Conifer Holdings, Inc. subsidiary provided revenue cycle
management and value-based care services to approximately 665 Tenet
and non Tenet hospitals and other clients nationwide. Revenues for
the last twelve months ended March 31, 2023, were approximately
$19.5 billion.

The principal methodology used in this rating was Business and
Consumer Services published in November 2021.


TEXAS TAXI: Taps DWC ERISA Consultants as 401(K) Plan Specialist
----------------------------------------------------------------
Texas Taxi, Inc. seeks approval from the U.S. Bankruptcy Court for
the Southern District of Texas to employ DWC ERISA Consultants, LLC
as 401(K) plan specialist.

The Debtor desires to hire DWC ERISA Consultants to assist in the
preparation and filing of plan compliance documents as may be
necessary or prudent to accomplish the termination of its 401(K)
plan.

DWC charges flat fees for the following services:

     2021 Plan Year Annual Base Fee $4,500
     Form 5500 - 2022 Plan Year     $1,000
     Form 5500 - 2021 Plan Year     $1,000
     DFVCP Assistance               $250
     Plan Sponsor                   $6,750
     Participants with a Balance    $175

In addition, the firm will charge $195 per hour for other
services.

Douglas Hoefer, a partner at DWC ERISA Consultants, disclosed in a
court filing that the firm is a "disinterested person" as defined
in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:
     
     Douglas W. Hoefer
     DWC ERISA Consultants, LLC
     P.O. Box 241267
     St. Paul, MN 55124
     Telephone: (651) 204-2600
     Email: doug.hoefer@dwc401k.com

                         About Texas Taxi

Texas Taxi, Inc., is a company based in Houston, Texas, with a
50-year history of providing transportation services to customers.
Texas Taxi was founded initially to provide transportation services
to the Greater Houston area and later expanded its services to
Austin, San Antonio, and Pasadena. Texas Taxi was formed in August
2003 to acquire the Greater Houston Transportation Company (GHTC),
Greater Austin Transportation Company and ultimately Greater San
Antonio Transportation Company. Each operated as "Yellow Cab" in
their respective jurisdictions. Texas Taxi also acquired Fiesta Cab
Company, which was focused on serving Spanish-speaking passenger
customers.

Texas Taxi and its affiliates sought Chapter 11 protection (Bankr.
S.D. Texas Lead Case No. 21-60065) on July 19, 2021. At the time of
the filing, Texas Taxi listed up to $50,000 in assets and up to $10
million in liabilities.

Hon. Christopher M. Lopez is the case judge.   

Fuqua & Associates, PC and Doeren Mayhew P.C. serve as the Debtors'
legal counsel and accountant, respectively.   

Jackson Walker, L.L.P. represents Notre Capital Management, Inc.,
secured creditor.


TITAN CONSTRUCTORS: Files for Chapter 11 Bankruptcy Protection
--------------------------------------------------------------
Titan Constructors Inc. filed for chapter 11 protection in the
District of Nevada without stating a reason. 

According to court filings, Titan Constructors Inc. estimates
between $500,000 and $1 million in debt owed to 1 to 49
creditors.  The petition states that funds will be available to
unsecured creditors.

                  About Titan Constructors Inc.

Titan Constructors Inc. -- https://www.titancontractor.net/ -- is
an excavating contractor that provides clients with consistent and
reliable site preparation and a land foundation that will enable
placement and use of solid structures and services that will stand
the test of time.

Titan Constructors Inc. filed a petition for relief under Chapter
11 of the Bankruptcy Code (Bankr. D. Nev. Case No. 23-50241) on
April 17, 2023. In the petition filed by Shane Cooper, as
president, the Debtor reported assets $1 million and $10 million
and liabilities between $500,000 and $1 million.

Honorable Bankruptcy Judge Natalie M. Cox oversees the case.

The Debtor is represented by:

   J Craig Demetras, Esq.
   DEMETRAS LAW
   230 E Liberty Street
   Reno NV 89501
   Tel: 775-348-4600
   Email: jcd@demetraslaw.com


TRIPLE D EXPRESS: Seeks to Hire David Freydin as Corporate Counsel
------------------------------------------------------------------
Triple D. Express Inc. seeks approval from the U.S. Bankruptcy
Court for the Northern District of Illinois to employ the Law
Offices of David Freydin as its corporate counsel.

The firm will render these services:

     (a) attend initial debtor interview and meeting of creditors;

     (b) negotiate with creditors;

     (c) prepare monthly operating reports, cash flow projections,
and other required financial documents to support a plan;

     (d) examine and resolve claims filed against the estate as
needed;

     (e) interact with the trustee in this case;

     (f) attend at court hearings as needed; and

     (e) represent the Debtor in matters before the court.

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

     David Freydin        $350
     Jan Michael Hulstedt $325
     Dustin Allen         $325

The firm was paid an advance retainer of $10,000.

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

The firm can be reached through:

     David Freydin, Esq.
     Law Offices of David Freydin, PC
     8707 Skokie Blvd., Suite 312
     Skokie, IL 60077
     Telephone: (847) 972-6157
     Facsimile: (866) 897-7577
     Email: david.freydin@freydinlaw.com

                    About Triple D. Express

Triple D. Express Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ill. Case No. 23-03896) on March 23,
2023, with $21,000 in assets and $2,999,900 in liabilities. Dobrin
Dobrikov, president of Triple D. Express, signed the petition.

Judge Jacqueline P. Cox oversees the case.

The Debtor tapped Gutnicki, LLP as bankruptcy counsel and the Law
Offices of David Freydin as corporate counsel.


TRIPLE D EXPRESS: Seeks to Hire Gutnicki as Bankruptcy Counsel
--------------------------------------------------------------
Triple D. Express Inc. seeks approval from the U.S. Bankruptcy
Court for the Northern District of Illinois to employ Gutnicki LLP
as its bankruptcy counsel.

Gutnicki will render these legal services:

     (a) negotiate with creditors;
  
     (b) prepare a plan of reorganization;

     (c) examine and resolve claims filed against the estate;
  
     (d) prepare and prosecute adversary proceedings, if any; and

     (e) represent the Debtor in matters before the court.

The hourly rates of Gutnicki's attorneys are as follows:

     Miriam Stein        $400
     Kara Allen          $350
     Attorneys    $205 - $585

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

Miriam Stein, Esq., an attorney at Gutnicki, disclosed in a court
filing that her firm is a "disinterested person" as that term is
defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Miriam R. Stein, Esq.
     Gutnicki LLP
     4711 Golf Road, Suite 200
     Skokie, IL 60076
     Telephone: (847) 745-6592
     Email: mstein@gutnicki.com

                    About Triple D. Express

Triple D. Express Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ill. Case No. 23-03896) on March 23,
2023, with $21,000 in assets and $2,999,900 in liabilities. Dobrin
Dobrikov, president of Triple D. Express, signed the petition.

Judge Jacqueline P. Cox oversees the case.

The Debtor tapped Gutnicki, LLP as bankruptcy counsel and the Law
Offices of David Freydin as corporate counsel.


TUESDAY MORNING: Resolves Fight With DIP Lender
-----------------------------------------------
Vince Sullivan of Law360 reports that bankrupt retailer Tuesday
Morning Corp. reached a deal with its Chapter 11 lender that
resolves a dispute between the parties over a request for funding
that had not been honored by the lender, according to court
documents Wednesday, April 26, 2023.

Representatives of Tuesday Morning and lender Invictus Global
Management, LLC, signed an agreed order, providing that:

   1. The Debtors shall reissue the borrowing request it sent to
Invictus on April 21, 2023 to remove the amount for "Occupancy
Costs (Rent & Utilities)", which will reduce its Weekly Borrowing
Request to $7,498,573.59 (the
"Borrowing Request").

   2. Invictus shall wire the Borrowing Request in immediately
available funds to the Debtors by no later than Noon, Central Time
April 26, 2023.

   3. The balance owing to Invictus on the Borrowing Request, but
not any fees and expenses of Invictus (with respect to which
parties reserve all rights), shall be paid in full in cash at the
closing of the sale of substantially all of the Debtors' assets to
Hilco Merchant Resources, LLC from the sale proceeds.

                    About Tuesday Morning

Dallas, Texas-based Tuesday Morning Corporation is an off-price
retailer specializing in products for the home, including upscale
home textiles, home furnishings, housewares, gourmet food, toys and
seasonal decor, at prices generally below those found in boutique,
specialty and department stores, catalogs and on-line retailers.

Tuesday Morning and several affiliates filed for Chapter 11
bankruptcy protection (Bankr. N.D. Texas Lead Case No. 23-90001) on
Feb. 14, 2023.  The Debtors said both assets and liabilities, on a
consolidated basis, range from $100 million to $500 million.

Judge Edward L. Morris presides over the cases.

The Debtors tapped Munsch Hardt Kopf & Harr, P.C. as bankruptcy
counsel; Phelanlaw as special counsel; Force Ten Partners LLC as
financial advisor; and Piper Sandler & Co. as investment banker.
Stretto, Inc. is the claims and noticing agent.

The U.S. Trustee for Region 6 appointed an official committee to
represent unsecured creditors in the Debtors Chapter 11 cases.  The
committee is represented by the law firms of Fox Rothschild, LLP
and Lowenstein Sandler, LLP. Province, LLC serves as the
committee's financial advisor.


UPTOWN 240: Panel Taps Onsager Fletcher Johnson Palmer as Counsel
-----------------------------------------------------------------
The official committee of unsecured creditors appointed in the
Chapter 11 case of Uptown 240, LLC seeks approval from the U.S.
Bankruptcy Court for the District of Colorado to employ Onsager
Fletcher Johnson Palmer, LLC as its counsel.

The committee needs legal counsel to advise and represent it in
connection with its duties and right to be heard on any issue in
the Debtor's Chapter 11 case, and such other matters as it may
request.

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

     Christian Onsager   $500
     J. Brian Fletcher   $350
     Andrew D. Johnson   $325
     Gabrielle G. Palmer $275
     Alice A. White      $400
     Joli A. Lofstedt    $360
     Paralegals          $100

Andrew Johnson, Esq., an attorney at Onsager Fletcher Johnson
Palmer, disclosed in a court filing that his firm is a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.

The firm can be reached through:

     Gabrielle Palmer, Esq.
     Andrew D. Johnson, Esq.
     J. Brian Fletcher, Esq.
     Onsager Fletcher Johnson Palmer, LLC
     600 17th Street, Suite 425 North
     Denver, CO 80202
     Telephone: (720) 457-7059
     Email: gpalmer@OFJlaw.com
            ajohnson@OFJlaw.com
            jbfletcher@OFJlaw.com

                       About Uptown 240

Uptown 240, LLC owns and operates a condominium complex in Dillon,
Colo. The residences are an exclusive collection of 80-luxury
mountain and lakeview condominiums.

Uptown 240 filed its voluntary petition for relief under Chapter 11
of the Bankruptcy Code (Bankr. D. Colo. Case No. 23-10617) on Feb.
23, 2023, with $10 million to $50 million in both assets and
liabilities. Danilo A. Ottoborgo, president of Uptown 240, signed
the petition.

Judge Thomas B. Mcnamara presides over the case.

The Debtor tapped Keri L. Riley, Esq., at Kutner Brinen Dickey
Riley, PC as legal counsel and Eide Bailly, LLP as accountant.

On April 21, 2023, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors in this Chapter 11 case.
Onsager Fletcher Johnson Palmer, LLC serves as the committee's
counsel.


URBAN COMMONS: Plan to Be Funded From Hotel Sale Proceeds
---------------------------------------------------------
Urban Commons 2 West LLC, et al., submitted a Second Amended
Disclosure Statement.

The Plan provides a means by which the Debtors' main assets will be
liquidated through the Sale.  The Plan further provides that the
proceeds of such liquidation, together with the Debtors' Cash and
Causes of Action, will be distributed under Chapter 11 of the
Bankruptcy Code, and sets forth the treatment of all Claims
against, and interests in, the Debtors.

The Plan provides for the appointment of a Plan Administrator who
will monetize the Debtors' assets and make Distributions to Holders
of Allowed Claims as provided in the Plan.

Under the Plan, Class 5 General Unsecured Claims total $10,000,000.
Holders of Allowed Class 5 Claims will receive a Pro Rata
Distribution from (a) 50% of the Litigation Proceeds and (b)
Available Cash remaining after payment of Allowed Administrative
Claims, Allowed Secured Claims (to the extent provided for under
the Plan), Allowed Priority Tax Claims, U.S. Trustee Fees, Allowed
Other Priority Claims and Post-Effective Date Administrative Claims
up to 100% of their Allowed Claims in one or more Distributions as
determined by the Plan Administrator on a date(s) to be determined
by the Plan Administrator in full and final satisfaction of all
Class 5 Claims. Class 5 is impaired.

The Plan will primarily be funded with the net sale proceeds of the
Hotel Interests pursuant to the Sale and the Sale Order, the
Debtors' cash on hand, the Administrative and Unsecured Carveouts
and Litigation Proceeds, if any, together with the net proceeds
from the liquidation and/or turnover of any other assets of the
Debtors. Distributions shall be made by the Plan Administrator in
accordance with Article VI of the Plan.

Please take note of the following important dates and deadlines
with respect to the Plan:

  * The Plan supplement filing deadline will be on May 16, 2023 by
5:00 p.m. (EST).

  * The voting deadline will be on May 23, 2023 by 5:00 p.m.
(EST).

  * The Plan confirmation objection deadline will be on May 23,
2023 by 5:00 p.m. (EST).

  * The ballot summary deadline will be on May 25, 2023 by 5:00
p.m. (EST).

  * The deadline to reply to Plan objections will be on May 26,
2023 by 5:00 p.m. (EST).

  * The hearing on Plan Confirmation will be on May 30, 2023 at
10:00 a.m. (EST).

Attorneys for the Debtors:

     Jonathan S. Pasternak, Esq.
     DAVIDOFF HUTCHER & CITRON LLP
     605 Third Avenue
     New York, NY 10158
     Tel: (212) 557-7200

A copy of the Disclosure Statement dated April 21, 2023, is
available at https://bit.ly/3mZQPEc from PacerMonitor.com.

                  About Urban Commons 2 West

Urban Commons 2 West, LLC, a company in Corona Del Mar, Calif., and
its affiliates, filed voluntary petitions for Chapter 11 protection
(Bankr. S.D.N.Y. Lead Case No. 22-11509) on Nov. 15, 2022. At the
time of the filing, Urban Commons 2 West listed as much as $100
million to $500 million in both assets and liabilities.

Judge Philip Bentley oversees the cases.

Davidoff Hutcher & Citron, LLP and Getzler Henrich & Associates,
LLC serve as the Debtor's legal counsel and restructuring advisor,
respectively. Mark Podgainy, a partner at Getzler, is the Debtor's
chief restructuring officer.


VIRGIN ORBIT: Seeks to Hire Alvarez & Marsal as Financial Advisor
-----------------------------------------------------------------
Virgin Orbit Holdings, Inc. and its affiliates seek approval from
the U.S. Bankruptcy Court for the District of Delaware to employ
Alvarez & Marsal North America, LLC.

The Debtors require a financial advisor to:

     (a) assist in the development of an initial cash flow
forecast;

     (b) assist in the continued development and management of a
13-week cash flow forecast;

     (c) assist the Debtors in their contingency planning efforts,
including a Chapter 11 filing;

     (d) assist in financing issues;

     (e) report to the Board of Virgin Orbit Holdings, Inc.; and

     (f) provide other services as approved by the Debtors' board
of directors and management, and as agreed to by the firm.

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

     Managing Directors $1,025 – $1,375
     Directors              $775 – $975
     Analysts/Associates    $425 – $775

In addition, the firm will seek reimbursement for expenses
incurred.
     
In the 90 days prior to the petition date, the firm received
retainers and payments totaling $1,627,653 in the aggregate for
services performed for the Debtors.

Brian Whittman, a managing director at Alvarez & Marsal North
America, disclosed in court filings that his firm is a
"disinterested person" as that term is defined in section 101(14)
of the Bankruptcy Code.

The firm can be reached through:

     Brian Whittman
     Alvarez & Marsal North America, LLC
     540 West Madison Street
     Suite 1800
     Chicago, IL 60661
     Telephone: (646) 642-4605
     Email: bwhittman@alvarezandmarsal.com

                    About Virgin Orbit Holdings

Virgin Orbit Holdings, Inc (Nasdaq: VORB) --
http://www.virginorbit.com/-- operates one of the most flexible
and responsive space launch systems ever built. Founded by Sir
Richard Branson in 2017, Virgin Orbit Holdings began commercial
service in 2021, and has already delivered commercial, civil,
national security, and international satellites into orbit. Its
LauncherOne rockets are designed and manufactured in Long Beach,
Calif., and are air-launched from a modified 747-400 carrier
aircraft that allows Virgin Orbit Holdings to operate from
locations all over the world.

Virgin Orbit Holdings sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Case No. 23-10405) on April 4,
2023. The Debtor reported total assets of $242,978,000 and total
debts of $153,491,000 as of Sept. 30, 2022.

The Debtors tapped Young Conaway Stargatt & Taylor, LLP and Latham
& Watkins, LLP as legal counsels; Ducera Partners, LLC as
investment banker and financial advisor; and Alvarez & Marsal North
America, LLC as restructuring advisor. Kroll Restructuring
Administration, LLC is the claims agent and administrative advisor.


VIRGIN ORBIT: Seeks to Hire Ducera Partners as Investment Banker
----------------------------------------------------------------
Virgin Orbit Holdings, Inc. and its affiliates seek approval from
the U.S. Bankruptcy Court for the District of Delaware to employ
Ducera Partners, LLC as investment banker.

The firm will render these services:

  (a) General Financial Advisory and Investment Banking Services:
     (i) familiarize itself with the business, operations,
financial condition, financial statements, business plans,
forecasts, prospects, and capital structure of the Debtors;

     (ii) assist the Debtors with the development of financial data
and presentations to the Debtors and their board(s) of directors,
various creditors, and other parties;

     (iii) analyze the Debtors' liquidity and evaluate alternatives
to improve such liquidity;

     (iv) assist with the evaluation of the Debtors' valuation,
debt capacity and alternative capital structures in light of their
projected cash flow; and

     (v) provide such other advisory services as may be agreed upon
by Ducera and the Debtors.

  (b) Transaction Services:

     (i) analyze various restructuring, reorganization,
recapitalization, or other transaction scenarios and the potential
impact of these scenarios on the value of the Debtors and the
recoveries of those stakeholders impacted by a transaction;

     (ii) provide strategic advice with regard to a transaction
involving the Debtors' outstanding indebtedness and other
obligations;

     (iii) provide financial advice and assistance to the Debtors
in developing a transaction;

     (iv) in connection therewith, provide financial advice and
assistance to the Debtors in structuring any new securities to be
issued under a transaction; and

     (v) assist the Debtors and participate in negotiations with
entities or groups affected by a transaction.

  (c) Financing Services:

     (i) provide financial advice to the Debtors in connection with
the structure and effectuation of a financing transaction, identify
potential investors and, at the Debtors' request, contact and
solicit such investors; and

     (ii) assist with the arrangement of a financing.

The firm will be compensated as follows:

     (a) a monthly fee of $150,000;

     (b) transaction fee, which is the greater of: (1) $2,500,000
and (2) 1.75 percent of the transaction value; provided, however,
that in the event that a transaction is consummated by means of a
liquidation, the transaction fee shall be $1,250,000; plus;

     (c) a financing fee of 2 percent of the face amount of any
financing raised from a lender or investor;

     (d) reimbursement of expenses incurred; and

     (e) a discount of $75,000 per month against the greater of the
transaction fee and the financing fee for each month commencing six
months after commencement of the monthly advisory fee.

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

The firm can be reached through:

     Agnes K. Tang
     Ducera Partners, LLC
     11 Times Square, 36th Floor
     New York, NY 10036
     Telephone: (212) 671-9700

                    About Virgin Orbit Holdings

Virgin Orbit Holdings, Inc (Nasdaq: VORB) --
http://www.virginorbit.com/-- operates one of the most flexible
and responsive space launch systems ever built. Founded by Sir
Richard Branson in 2017, Virgin Orbit Holdings began commercial
service in 2021, and has already delivered commercial, civil,
national security, and international satellites into orbit. Its
LauncherOne rockets are designed and manufactured in Long Beach,
Calif., and are air-launched from a modified 747-400 carrier
aircraft that allows Virgin Orbit Holdings to operate from
locations all over the world.

Virgin Orbit Holdings sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Case No. 23-10405) on April 4,
2023. The Debtor reported total assets of $242,978,000 and total
debts of $153,491,000 as of Sept. 30, 2022.

The Debtors tapped Young Conaway Stargatt & Taylor, LLP and Latham
& Watkins, LLP as legal counsels; Ducera Partners, LLC as
investment banker and financial advisor; and Alvarez & Marsal North
America, LLC as restructuring advisor. Kroll Restructuring
Administration, LLC is the claims agent and administrative advisor.


VIRGIN ORBIT: Seeks to Hire Kroll as Administrative Advisor
-----------------------------------------------------------
Virgin Orbit Holdings, Inc. and its affiliates seek approval from
the U.S. Bankruptcy Court for the District of Delaware to employ
Kroll Restructuring Administration, LLC.

The Debtors require an administrative advisor to:

     (a) assist with, among other things, solicitation, balloting,
and tabulation of votes, and prepare any related reports;

     (b) prepare an official ballot certification and, if
necessary, testify in support of the ballot tabulation results;

     (c) assist with the preparation of the Debtors' schedules of
assets and liabilities and statements of financial affairs and
gather data in conjunction therewith;

     (d) provide a confidential data room, if requested;

     (e) manage and coordinate any distributions pursuant to a
Chapter 11 plan; and

     (f) provide such other processing, solicitation, balloting,
and other administrative services.

Prior to the petition date, Kroll received $25,000 from the
Debtors. In addition, on March 17, 2023 and March 31, 2023, Kroll
received payment from the Debtors in the amount of $15,000 and
$7,500, respectively, for actual or estimated pre-bankruptcy fees
and expenses.

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

     Analyst                          $30 - $60
     Technology Consultant           $35 - $110
     Consultant/Senior Consultant    $65 - $195
     Director                       $175 - $245
     Solicitation Consultant               $220
     Director of Solicitation              $245

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

Benjamin Steele, a managing director at Kroll Restructuring
Administration, disclosed in a court filing that the firm is a
"disinterested person" as defined in Section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Benjamin J. Steele
     Kroll Restructuring Administration LLC
     55 East 52nd Street, 17th Floor
     New York, NY 10055
     Telephone: (212) 593-1000

                    About Virgin Orbit Holdings

Virgin Orbit Holdings, Inc (Nasdaq: VORB) --
http://www.virginorbit.com/-- operates one of the most flexible
and responsive space launch systems ever built. Founded by Sir
Richard Branson in 2017, Virgin Orbit Holdings began commercial
service in 2021, and has already delivered commercial, civil,
national security, and international satellites into orbit. Its
LauncherOne rockets are designed and manufactured in Long Beach,
Calif., and are air-launched from a modified 747-400 carrier
aircraft that allows Virgin Orbit Holdings to operate from
locations all over the world.

Virgin Orbit Holdings sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Case No. 23-10405) on April 4,
2023. The Debtor reported total assets of $242,978,000 and total
debts of $153,491,000 as of Sept. 30, 2022.

The Debtors tapped Young Conaway Stargatt & Taylor, LLP and Latham
& Watkins, LLP as legal counsels; Ducera Partners, LLC as
investment banker and financial advisor; and Alvarez & Marsal North
America, LLC as restructuring advisor. Kroll Restructuring
Administration, LLC is the claims agent and administrative advisor.


VIRGIN ORBIT: Seeks to Hire Latham & Watkins as Bankruptcy Counsel
------------------------------------------------------------------
Virgin Orbit Holdings, Inc. and its affiliates seek approval from
the U.S. Bankruptcy Court for the District of Delaware to employ
Latham & Watkins, LLP as bankruptcy counsel.

The firm will render these services:

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

     (b) advise and consult on the conduct of the Chapter 11
cases;

     (c) advise the Debtors in connection with their efforts to
protect, preserve, and maximize the value of the Debtors' estates;

     (d) analyze proofs of claim filed against the Debtors and
object to such claims as necessary;

     (e) represent the Debtors in connection with cash collateral
and post-petition financing matters;

     (f) attend meetings and negotiate with representatives of
creditors and other parties in interest;

     (g) analyze executory contracts and unexpired leases and
potential assumptions, assignments, or rejections of such contracts
and leases;

     (h) prepare pleadings in connection with the Chapter 11
cases;

     (i) advise the Debtors in connection with any potential exit
financing or other transaction to facilitate the Debtors' emergence
from bankruptcy;

     (j) take necessary action on behalf of the Debtors to obtain
approval of a disclosure statement and confirmation of a Chapter 11
plan;

     (k) appear before the bankruptcy court or any appellate courts
to protect the interests of the Debtors' estates;

     (l) advise on corporate, litigation, regulatory, finance, tax,
employee benefits, and other legal matters; and

     (m) perform all other necessary legal services for the Debtors
in connection with the Chapter 11 cases.

Prior to the petition date, the firm received payments and advances
in the aggregate amount of $4,410,235.58 from the Debtors.

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

     Partners         $1,360 - $2,230
     Counsel          $1,300 - $1,690
     Associates         $705 - $1,400
     Professional Staff $210 - $1,050
     Paralegals           $300 - $660

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

     Jeff Bjork             $2,035
     George Klidonas        $1,655
     Alfred Y. Xue          $1,575
     Anupama Yerramalli     $1,495
     Conray C. Tseng        $1,495
     Drew Capurro           $1,460
     Liza L. Burton         $1,250
     Mohini P.B. Rarrick    $1,140
     Brian S. Rosen         $1,140
     Greg Van Buiten        $1,140

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

Latham & Watkins provided the following in response to the request
for additional information set forth in Paragraph D.1 of the U.S.
Trustee Guidelines:

  Question: Did Latham & Watkins agree to any variations from, or
alternatives to, its standard billing arrangements for this
engagement?

  Answer: No. The rate structure provided by Latham & Watkins is
appropriate and comparable to (a) the rates that it charges for
non-bankruptcy representations and (b) the rates of other
comparably skilled professionals.

  Question: Do any of Latham & Watkins' professionals in this
engagement vary their rate based on the geographic location of the
Debtors' Chapter 11 cases?

  Answer: No.

  Question: If Latham & Watkins has represented the Debtors in the
12 months prepetition, disclose its billing rates and material
financial terms for the prepetition engagement, including any
adjustments during the 12 months prepetition. If its billing rates
and material financial terms have changed post-petition, explain
the difference and the reasons for the difference.

  Answer: Latham & Watkins' current hourly rates for services
rendered on behalf of the Debtors are as follows: $1,360 to $2,230
for partners; $1,300 to $1,690 for counsel; $705 to $1,400 for
associates; $210 to $1,050 for professional staff; and $300 to $660
for paralegals. From January 1, 2023 through the petition date, the
firm used the following rates for services rendered on behalf of
the Debtors: $1,565 to $2,565 for partners; $1,500 to $1,985 for
counsel; $870 to $1,670 for associates; $220 to $1,320 for
professional staff; and $310 to $795 for paralegals (such rates are
inclusive of a 15 percent discount). As noted above, the firm's
billing rates are usually revised annually, and consistent with
such practice, its rates were increased on Jan. 1, 2023. During the
prior calendar year, the firm used the following rates for services
rendered on behalf of the Debtors: $1,455 to $2,385 for partners;
$1,395 to $2,385 for counsel; $810 to $1,555 for associates; $205
to $1,200 for professional staff; and $290 to $740 for paralegals
(such rates are inclusive of a 15 percent discount).

  Question: Have the Debtors approved Latham & Watkins' budget and
staffing plan and, if so, for what budget period?

  Answer: Yes. Latham & Watkins has provided the Debtors with a
prospective budget and staffing plan setting forth the types of
timekeepers, numbers thereof, and applicable hourly rates it
expects during the Chapter 11 cases, which the Debtors are
currently reviewing. The budget and staffing plan cover the period
from the petition date to June 30, 2023.

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

The firm can be reached through:

     George Klidonas, Esq.
     Anupama Yerramalli, Esq.
     Liza L. Burton, Esq.
     Latham & Watkins, LLP
     1271 Avenue of the Americas
     New York, NY 10020
     Telephone: (212) 906-1200
     Facsimile: (212) 751-4864
     Email: george.klidonas@lw.com
            anu.yerramalli@lw.com
            liza.burton@lw.com

                    About Virgin Orbit Holdings

Virgin Orbit Holdings, Inc (Nasdaq: VORB) --
http://www.virginorbit.com/-- operates one of the most flexible
and responsive space launch systems ever built. Founded by Sir
Richard Branson in 2017, Virgin Orbit Holdings began commercial
service in 2021, and has already delivered commercial, civil,
national security, and international satellites into orbit. Its
LauncherOne rockets are designed and manufactured in Long Beach,
Calif., and are air-launched from a modified 747-400 carrier
aircraft that allows Virgin Orbit Holdings to operate from
locations all over the world.

Virgin Orbit Holdings sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Case No. 23-10405) on April 4,
2023. The Debtor reported total assets of $242,978,000 and total
debts of $153,491,000 as of Sept. 30, 2022.

The Debtors tapped Young Conaway Stargatt & Taylor, LLP and Latham
& Watkins, LLP as legal counsels; Ducera Partners, LLC as
investment banker and financial advisor; and Alvarez & Marsal North
America, LLC as restructuring advisor. Kroll Restructuring
Administration, LLC is the claims agent and administrative advisor.


VIRGIN ORBIT: Taps Young Conaway Stargatt & Taylor as Co-Counsel
----------------------------------------------------------------
Virgin Orbit Holdings, Inc. and its affiliates seek approval from
the U.S. Bankruptcy Court for the District of Delaware to employ
Young Conaway Stargatt & Taylor, LLP as co-counsel with Latham &
Watkins, LLP.

Young Conaway will render these legal services:

     (a) provide legal advice and services regarding Local Rules,
practices, and procedures and provide substantive and strategic
advice on how to accomplish the Debtors' goals in connection with
the prosecution of the Debtors' Chapter 11 cases;

     (b) review, comment or prepare drafts of documents to be filed
with the court as co-counsel to the Debtors;

     (c) appear in court and at any meeting with the U.S. Trustee
for the District of Delaware and any meeting of creditors at any
given time on behalf of the Debtors as their co-counsel;

     (d) perform various services in connection with the
administration of the cases;

     (e) advise Virgin Orbit Holdings' independent directors and
their investigation as to whether the Debtors hold potential claims
against various parties; and

     (f) perform all other services assigned by the Debtors, in
consultation with Latham, to Young Conaway.

Young Conaway received retainers totaling $200,000.

The hourly rates of Young Conaway's counsel and staff are as
follows:

     Robert S. Brady          $1,300
     Michael R. Nestor        $1,240
     Kara Hammond Coyle         $925
     Allison S. Mielke          $685
     Heather P. Smillie         $505
     Chad A. Corazza, Paralegal $355

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

Young Conaway provided the following in response to the request for
additional information set forth in Paragraph D.1 of the U.S.
Trustee Guidelines:

  Question: Did Young Conaway agree to any variations from, or
alternatives to, its standard billing arrangements for this
engagement?

  Answer: Young Conaway has not agreed to a variation of its
standard or customary billing arrangements for this engagement.

  Question: Do any of Young Conaway's professionals in this
engagement vary their rate based on the geographic location of the
Debtors' Chapter 11 cases?

  Answer: None of the firm's professionals included in this
engagement have varied their rate based on the geographic location
of the Chapter 11 cases.

  Question: If Young Conaway has represented the Debtors in the 12
months prepetition, disclose its billing rates and material
financial terms for the prepetition engagement, including any
adjustments during the 12 months prepetition. If its billing rates
and material financial terms have changed post-petition, explain
the difference and the reasons for the difference.

  Answer: Young Conaway was retained by the Debtors pursuant to an
engagement agreement dated as of March 7, 2023. The billing rates
and material terms of the pre-bankruptcy engagement are the same as
the rates and terms proposed by the firm.

  Question: Have the Debtors approved Young Conaway's budget and
staffing plan and, if so, for what budget period?

  Answer: The Debtors have approved or will be approving a
prospective budget and staffing plan for Young Conaway's engagement
for the post-petition period, as appropriate. In accordance with
the U.S. Trustee Guidelines, the budget may be amended as necessary
to reflect changed or unanticipated developments.

Kara Hammond Coyle, Esq., a partner at Young Conaway, disclosed in
a court filing that the firm is a "disinterested person" as defined
in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:
     
     Robert S. Brady, Esq.
     Michael R. Nestor, Esq.
     Kara Hammond Coyle, Esq.
     Allison S. Mielke, Esq.
     Young Conaway Stargatt & Taylor, LLP
     Rodney Square, 1000 North King Street
     Wilmington, DE 19801
     Telephone: (302) 571-6600
     Facsimile: (302) 571-1253
     Email: rbrady@ycst.com
            mnestor@ycst.com
            kcoyle@ycst.com
            amielke@ycst.com

                    About Virgin Orbit Holdings

Virgin Orbit Holdings, Inc (Nasdaq: VORB) --
http://www.virginorbit.com/-- operates one of the most flexible
and responsive space launch systems ever built. Founded by Sir
Richard Branson in 2017, Virgin Orbit Holdings began commercial
service in 2021, and has already delivered commercial, civil,
national security, and international satellites into orbit. Its
LauncherOne rockets are designed and manufactured in Long Beach,
Calif., and are air-launched from a modified 747-400 carrier
aircraft that allows Virgin Orbit Holdings to operate from
locations all over the world.

Virgin Orbit Holdings sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Case No. 23-10405) on April 4,
2023. The Debtor reported total assets of $242,978,000 and total
debts of $153,491,000 as of Sept. 30, 2022.

The Debtors tapped Young Conaway Stargatt & Taylor, LLP and Latham
& Watkins, LLP as legal counsels; Ducera Partners, LLC as
investment banker and financial advisor; and Alvarez & Marsal North
America, LLC as restructuring advisor. Kroll Restructuring
Administration, LLC is the claims agent and administrative advisor.


VITAL PHARMACEUTICALS: Founder Aims to Undo Social Media TRO
------------------------------------------------------------
Alex Wolf of Bloomberg Law reports that Jack Owoc, the ousted
founder and former CEO of Bang Energy, urged a Florida bankruptcy
court to lift a temporary restraining order that he says forces him
to post the company's promotion content on his personal social
media accounts.

The bankruptcy court overseeing the Chapter 11 case of Bang's
parent Vital Pharmaceuticals Inc. issued the stipulated temporary
restraining order without his consent, Owoc said in a Tuesday,
April 25, 2023, filing with the US Bankruptcy Court for the
Southern District of Florida.

                  About Vital Pharmaceuticals

Since 1993, Florida-based Vital Pharmaceuticals, Inc., doing
business as Bang Energy and as VPX Sports, has developed
performance beverages, supplements, and workout products to fuel
high-energy lifestyles. VPX Sports is the maker of Bang energy
drinks, among other consumer products.

Vital Pharmaceuticals, Inc., along with certain of its domestic
subsidiaries and affiliates, filed voluntary petitions for
protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.
Fla. Lead Case No. 22-17842) on Oct. 10, 2022.

VPX estimated $500 million to $1 billion in assets and liabilities
as of the bankruptcy filing.

The Hon. Scott M. Grossman is the case judge.

The Debtors tapped Latham & Watkins, LLP as general bankruptcy
counsel; Berger Singerman, LLP as local counsel; Haynes and Boone,
LLP and Faulkner ADR Law, PLLC as special counsels; Huron
Consulting Group, Inc., as CTO services provider; and Rothschild &
Co US, Inc., as investment banker.  Stretto, Inc., is the notice,
claims and solicitation agent.

The U.S. Trustee for Region 21 appointed an official committee of
unsecured creditors on Nov. 1, 2022.  The committee tapped
Lowenstein Sandler, LLP as general bankruptcy counsel; Sequor Law,
P.A. as local counsel; and Lincoln Partners Advisors, LLC as
financial advisor.


VOYAGER DIGITAL: Shifts to Liquidation After Binance Deal Ends
--------------------------------------------------------------
Rick Archer of Law360 reports that Voyager Digital told a New York
bankruptcy judge Wednesday, April 26, 2023, it will be pivoting to
liquidation of its $1 billion in cryptocurrency assets in the wake
of the collapse of its purchase agreement with Binance.US.

As reported in the TCR, Binance.US has called off its $1.3 billion
deal to buy assets of bankrupt crypto lender Voyager Digital,
citing a "hostile and uncertain regulatory climate."

"The hostile and uncertain regulatory climate in the United States
has introduced an unpredictable operating environment impacting the
entire American business community," a spokesperson for Binance.US
said in a statement. "We are focused on creating a safe platform
where our customers can participate in the digital asset economy."

Voyager said following Binance.US's termination of the asset
purchase agreement it would proceed to exercise an option to return
cryptocurrency and cash directly to its customers through the
Voyager platform.

                 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, chief executive officer, the Debtors estimated
assets and liabilities between $1 billion and $10 billion.

Judge Michael E. Wiles oversees the cases.

The Debtors tapped Kirkland & Ellis, LLP as general bankruptcy
counsel; Berkeley Research Group, LLC as financial advisor; Moelis
& Company as investment banker; Consello Group as strategic
financial advisor; Deloitte Tax, LLP as tax services provider; and
Deloitte & Touche, LLP as accounting advisor.  Stretto, Inc., is
the claims agent.

On July 19, 2022, the U.S. Trustee for Region 2 appointed an
official committee of unsecured creditors in these Chapter 11
cases.  The committee tapped McDermott Will & Emery, LLP as
bankruptcy counsel; FTI Consulting, Inc. as financial advisor;
Cassels Brock & Blackwell, LLP as Canadian counsel; and Epiq
Corporate Restructuring, LLC as noticing and information agent.

The committee also tapped the services of Harney Westwood &
Riegels, LP, in connection with Three Arrows Capital Ltd.'s
liquidation proceedings in British Virgin Islands.

On July 6, 2022, the Debtors filed a joint Chapter 11 plan of
reorganization.

                           *    *    *

Following an auction process, the Debtors in September 2022
selected the bid submitted by FTX US' West Realm Shires Inc. as the
winning bid for the assets.  But after a series of events, FTX
collapsed in November 2022, before the sale could be completed.

After reopening bidding, Voyager Digital selected the offer from
U.S. exchange BAM Trading Services Inc. (doing business as
"Binance.US") as the highest and best bid for its assets.
Binance's bid is valued at $1.022 billion.


[] BOOK REVIEW: Bankruptcy and Secured Lending in Cyberspace
------------------------------------------------------------
Author: Warren E. Agin
Publisher: Bowne Publishing Co.
List price: $225.00
Review by Gail Owens Hoelscher

Red Hat Inc. finds itself with a high of 151 5/8 and low of 20 over
the last 12 months! Microstrategy Inc. has roller-coasted from a
high of 333 to a low of 7 over the same period! Just when the IPO
boom is imploding and high-technology companies are running out of
cash, Warren Agin comes out with a guide to the legal issues of the
cyberage.

The word "cyberspace" did not appear in the Merriam-Webster
Dictionary until 1986, defined as "the on-line world of computer
networks." The word "Internet" showed up that year as well, as "an
electronic communications network that connects computer networks
and organizational computer facilities around the world."
Cyberspace has been leading a kaleidoscopic parade ever since, with
the legal profession striding smartly in rhythm. There is no
definition for the word "cyberassets" in the current
Merriam-Webster. Fortunately, Bankruptcy and Secured Lending in
Cyberspace tells us what cyberassets are and lays out in meticulous
detail how to address them, not only for troubled technology
companies, but for all companies with websites and domain names.
Cyberassets are primarily websites and domain names, but also
include technology contracts and licenses. There are four types of
assets embodied in a website: content, hardware, the Internet
connection, and software. The website's content is its fundamental
asset and may include databases, text, pictures, and video and
sound clips. The value of a website depends largely on the traffic
it generates.

A domain name provides the mechanism to reach the information
provided by a company on its website, or find the products or
services the company is selling over the Internet. Examples are
Amazon.com, bankrupt.com, and "swiggartagin.com." Determining the
value of a domain name is comparable to valuing trademark rights.
Domain names can come at a high price! Compaq Computer Corp. paid
Alta Vista Technology Inc. more than $3 million for "Altavista.com"
when it developed its AltaVista search engine.

The subject matter covered in this book falls into three groups:
the Internet's effect on the practice of bankruptcy law; the ways
substantive bankruptcy law handles the impact of cyberspace on
basic concepts and procedures; and issues related to cyberassets as
secured lending collateral.

The book includes point-by-point treatment of the effect of
cyberassets on venue and jurisdiction in bankruptcy proceedings;
electronic filing and access to official records and pleadings in
bankruptcy cases; using the Internet for communications and
noticing in bankruptcy cases; administration of bankruptcy estates
with cyberassets; selling bankruptcy estate assets over the
Internet; trading in bankruptcy claims over the Internet; and
technology contracts and licenses under the bankruptcy codes. The
chapters on secured lending detail technology escrow agreements for
cyberassets; obtaining and perfecting security interests for
cyberassets; enforcing rights against collateral for cyberassets;
and bankruptcy concerns for the secured lender with regard to
cyberassets.

The book concludes with chapters on Y2K and bankruptcy; revisions
in the Uniform Commercial Code in the electronic age; and a
compendium of bankruptcy and secured lending resources on the
Internet. The appendix consists of a comprehensive set of forms for
cyberspace-related bankruptcy issues and cyberasset lending
transactions. The forms include bankruptcy orders authorizing a
domain name sale; forms for electronic filing of documents;
bankruptcy motions related to domain names; and security agreements
for Web sites.

Bankruptcy and Secured Lending in Cyberspace is a well-written,
succinct, and comprehensive reference for lending against
cyberassets and treating cyberassets in bankruptcy cases.



                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
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Each Tuesday edition of the TCR contains a list of companies with
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Don't be fooled.  Assets, for example, reported at historical cost
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Each Friday's edition of the TCR includes a review about a book of
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Monthly Operating Reports are summarized in every Saturday edition
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The Sunday TCR delivers securitization rating news from the week
then-ending.

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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

Troubled Company Reporter is a daily newsletter co-published
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Peter A. Chapman, Editors.

Copyright 2023.  All rights reserved.  ISSN: 1520-9474.

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