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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

              Monday, September 9, 2024, Vol. 28, No. 252

                            Headlines

207 E 15TH ST: Seeks to Hire Boynes & Hawkins as Accountant
25350 PLEASANT: Bayramov Appeal over Case Dismissal Tossed
2U INC: Fordham University Wants Out of Student Placement Deal
532 MADISON: Hires Pick & Zabicki LLP as Legal Counsel
9300 WILSHIRE: Amends Plan to Include Redondo Beach Unsecured Claim

AAA ABC ACQUISITION: Hires Saul Ewing as Bankruptcy Counsel
ABUNDANT LIFE: Seeks to Tap Lane Law Firm as Bankruptcy Counsel
ACCURIDE CORP: Moody's Lowers CFR & First Lien Term Loan to 'Caa3'
ACTIVE WORLD: Starts Subchapter V Bankruptcy Process
AIO US: Hires Philip J. Gund of Ankura Consulting as CRO

AIO US: Hires Richards Layton & Finger P.A. as Co-Counsel
AIO US: Seeks Approval to Retain Ordinary Course Professionals
AIO US: Seeks to Hire Epiq Corporate as Administrative Advisor
AIO US: Seeks to Hire Weil Gotshal & Manges LLP as Attorney
AIO US: Taps Rothschild & Co as Financial Advisor/Investment Banker

AIRSPAN NETWORKS: Seeks to Hire Grant Thornton LLP as Auditor
ALLSPRING BUYER: Fitch Affirms 'BB-' LongTerm IDR, Outlook Negative
ALRACHID LLC: Hires Ronald Roman Auction Co. as Appraiser
ALTAHIR INC: Seeks to Hire Herrin Law PLLC as Counsel
AQUA METALS: Inks $30MM ATM Sales Agreement With Benchmark

AQUA METALS: Terminates ATM Sales Agreement With B. Riley
AQUA POOL: Seeks to Hire TCB Tax and Bookkeeping as Accountant
ARAMSCO INC: Moody's Cuts CFR & Sec. First Lien Term Loan to 'Caa1'
ARCH THERAPEUTICS: Laurence Hicks Steps Down as Board Member
ATHENA MEDICAL: Hires Dorsey & Whitney LLP as Special Counsel

ATOMIC TATTOOS: Jerrett McConnell Named Subchapter V Trustee
AVIENT CORP: S&P Rates New $650MM Senior Unsecured Notes 'BB-'
BAKERS DEPOT: Court Wants Parties to Outline Next Path in Case
BAUSCH HEALTH: Alex Meruelo Holds 9.97% Equity Stake
BERGMAN DEVELOPMENT: U.S. Trustee Unable to Appoint Committee

BERKSHIRE INVESTMENTS: Hires Robbins Dimonte Ltd. as Counsel
BEX AESTHETIX: Hires JTC CPAs PLLC as Accountant
BIG RIG: Chapter 15 Case Summary
BION ENVIRONMENTAL: Secures $500K Financing From New Board Members
BITTREX INC: Arabpour, et al. Case Withdrawn from Mediation

BLACK OAK GLOBAL: Hits Chapter 11 Bankruptcy Protection
BLOOMIN' BRANDS: Moody's Alters Outlook on 'Ba3' CFR to Stable
BOISSON INC: Gregory Jones Named Subchapter V Trustee
BRINKER INTERNATIONAL: S&P Alters Outlook to Pos, Affirms 'BB-' ICR
BRONCO TRUCKING: Hires Taylor & Martin as Equipment Appraiser

BURGERFI INTL: Names David Gordon, Michael Epstein as Directors
BURGERFI INTL: Receives Noncompliance Notices From Nasdaq
CAPE COD: Seeks to Hire Joseph G. Butler as Legal Counsel
CAPSTONE GREEN: Posts $5.7 Million Net Loss in Q1 2023
CAPSTONE GREEN: Reports $5.8 Million Net Loss in Q2 2023

CARMAX INC: Egan-Jones Retains BB+ Senior Unsecured Ratings
CBDMD INC: Amends Notes, Security Agreement Post-Majik Settlement
CELSIUS NETWORK: Creditors Want to Liquidate Ionic Digital Inc.
CHARA SOFTWARE: Sec 341(a) Meeting of Creditors on Sept. 30, 2024
CHICAGO WHIRLY: Hires Silverman Consulting as Financial Advisor

CMTRD LLC: Hires Yip Associates as Financial Advisors
COAT CHECK: Hires Kroger Gardis & Regas LLP as Counsel
COBALT INTERNATIONAL: No Refund on UST Fees, Texas Court Says
COMBAT ARMORY: Hires Schafer and Weiner PLLC as Counsel
COMMERCIAL FLOORING: Case Summary & 20 Top Unsecured Creditors

CONNECTWISE HOLDINGS: Fitch Affirms B+ LongTerm IDR, Outlook Stable
CONNECTWISE LLC: Moody's Affirms 'B2' CFR, Outlook Stable
COWTOWN BUS: Case Summary & 20 Largest Unsecured Creditors
CREATION TECHNOLOGIES: S&P Alters Outlook to Stable, Affirms B- ICR
CRESCENT ENERGY: Eagle Ford Deal No Impact on Moody's 'Ba3' CFR

DATO A/C: Plan Exclusivity Period Extended to November 25
DIAMOND OFFSHORE: S&P Raises ICR to 'BB-' on Acquisition by Noble
DIGITAL ALLY: Signs Second Amendment to Clover Leaf Merger Deal
ECHOSTAR CORP: Wants to Sell Additional Bonds to Extend Maturities
ELETSON HOLDINGS: Court Gives Chapter 11 Debtor Plan Hearing

ELK CREEK ESCAPE: Seeks Chapter 11 Bankruptcy in Pennsylvania
ELYSIUM AXIS: Hires Justin Sobodash as Special Counsel
EMERGENT BIOSOLUTIONS: Successfully Refinances Debt
ENDRA LIFE: UBS Group AG Holds 146,012 Common Shares
ESSAR STEEL: Court Narrows Claims in Cleveland-Cliffs Dispute

ETON STREET: Hires Joseph Finn Co. Inc. as Appraiser
EVOKE PHARMA: Registers $50 Million Worth of Securities
EYENOVIA INC: Appoints Andrew Jones as Chief Financial Officer
FAMILY SOLUTIONS: Case Summary & 20 Largest Unsecured Creditors
FEEDEX COMPANIES: Hires Phillips & Thomas LLC as Counsel

FERRELLGAS LP: Moody's Cuts CFR to B2 & Alters Outlook to Negative
FIESTA PURCHASER: S&P Affirms 'B' ICR, Outlook Stable
FINTHRIVE SOFTWARE: Fitch Lowers LongTerm IDR to 'CCC+'
FIRST COAST: Hires Law Offices of Mickler & Mickler as Attorney
FITZGERALD HILL: Hires Law Office of Peter M. Daigle as Attorney

FLUENT INC: Registers $50MM Shelf Offering on Form S-3
FOX PROPERTY: Case Summary & Four Unsecured Creditors
FRANCHISE GROUP: Gets Brief Debt Load Reprieve from Lenders
FRONTIER COMMUNICATIONS: S&P Places 'B-' ICR on Watch Positive
FTX TRADING: All Creditors Voted in Favor of Reorganization Plan

FTX TRADING: Bankruptcy Plan Conflicts With Celsius
FTX TRADING: Salame Asks Court Not to Investigate Girlfriend
FUTURE FINTECH: Loses Case vs. FT Global, Ordered to Pay $10.6M
GAUCHO GROUP: Director David Reinecke Reports Securities Ownership
GEORGIA EARTH: Case Summary & 20 Largest Unsecured Creditors

GG GLOBAL: Hires Latham Luna Eden & Beaudine as Legal Counsel
GG GLOBAL: L. Todd Budgen Named Subchapter V Trustee
GILDED GRAPE: Hires F&L Law Group P.A. as Bankruptcy Counsel
GLUCOTRACK INC: John Ballantyne Joins Board of Directors
GOLDEN ACRES: Hires Oxana Kozlov as Insolvency Counsel

GORDIAN MEDICAL: Moody's to Withdraw Ratings Amid Liquidation
GRAND FUSION: Hearing on Sale of Patent Set for Sept. 12
GRESHAM WORLDWIDE: U.S. Trustee Appoints Creditors' Committee
GULFPORT ENERGY: Fitch Rates Proposed Sr. Unsecured Notes 'BB-'
GUNNISON VALLEY: Hires Onsager Fletcher Johnson as Legal Counsel

GYPSUM RESOURCES: Hearing to Approve Bid Rules Set for Sept. 11
HELIX ENERGY: Amerino Gatti Resigns From Board
HELLO NOSTRAND: Taps Belkin Burden as Special Litigation Counsel
HEPION PHARMACEUTICALS: Falls Short of Nasdaq Bid Price Requirement
HERITAGE HOTELS: Hires Vincent Slusher as Bankruptcy Counsel

HGLK INC: Hires Allen Vellone Wolf Helfrich & Factor as Counsel
HIGHPEAK ENERGY: Fitch Affirms 'B' LongTerm IDR, Outlook Stable
HILLCREST FUND: Hires Henry Djonbalaj Real Estate as Broker
HO WAN KWOK: Trustee Seeks to Hire Compass as Broker
HOLDCO NUVO GROUP: Seeks Bankruptcy 4 Mons. After It Goes Public

HOMESPUN LLC: Hires Genova Malin & Trier LLP as Counsel
HOODSTOCK RANCH: Voluntary Chapter 11 Case Summary
HOPEMAN BROTHERS: Committee Hires Morgan Lewis as Special Counsel
ICON PARENT I: Moody's Assigns B3 CFR & Rates New 1st Lien Loans B2
IDEAL PROPERTY: Case Summary & 20 Largest Unsecured Creditors

IMPRIVATA INC: Fitch Affirms 'B' LongTerm IDR, Outlook Stable
INDEPENDENCE REALTY: Case Summary & Four Unsecured Creditors
INSIGHT TERMINAL: Court Grants Bid for Rule 2004 Examination
INTERNATIONAL PETROLEUM: S&P Affirms 'B' ICR, Outlook Stable
INTRUSION INC: All Five Proposals Passed at Annual Meeting

JINGBO TECHNOLOGY: Board Adopts Amended & Restated Bylaws
JOE'S AUTO: Hires Law Firm of Hester Baker Krebs as Attorney
KASAI HOLDINGS: Michael Carmel Named Subchapter V Trustee
KASAI HOLDINGS: Seeks to Hire Barski Law as Bankruptcy Counsel
KEVIN TAING: Court Narrows Claims in U.S. Bank Dispute

KFH RECKER: Voluntary Chapter 11 Case Summary
KULR TECHNOLOGY: Releases New Investor Presentation
LA PKWY 2: Hires Berkshire Hathaway as Real Estate Agent
LEARNINGSEL LLC: Gets OK to Hire Guidant Law as Bankruptcy Counsel
LINDA SCHLESINGER: Bid to Reduce HSBC Claim Denied in Part

LISBON GRILL: Seeks to Extend Plan Exclusivity to Dec. 24
LL FLOORING: Hires Houlihan Lokey Capital as Investment Banker
LL FLOORING: Seeks to Hire Holly Etlin of AP Services as CRO
LL FLOORING: Seeks to Hire Skadden Arps as Bankruptcy Counsel
LL FLOORING: Seeks to Hire Stretto as Administrative Advisor

LLT MANAGEMENT: J&J Wants Talc Users Medical Screening Stopped
LM FUND: Chapter 15 Case Summary
M. SLAVIN: Pension Fund Wins Successor Liability Claim
MAGENTA BUYER: Ex-Lenders Tap Glenn Agre After Debt Deal Snob
MAGENTA BUYER: S&P Raises ICR to 'CCC+' Following New Debt Issuance

MCDERMOTT INT'L: 5th Cir. Affirms Dismissal of Van Deelen Suit
MEADOWBROOK SERVICE: Hires Steel & Company Law Firm as Counsel
MFT RESOURCES: Seeks to Hire Thomas R. Willson as Counsel
MGM RESORTS: Moody's Rates New $675MM Sr. Unsecured Notes 'B1'
MIRACLE HILL: Seeks to Extend Plan Exclusivity to September 24

MOBROWNSTONE REALTY LLC: Seeks Bankruptcy Protection in New York
MOHAWK VALLEY: S&P Lowers Bond Rating to 'BB' on Operating Losses
MORVATT ENTERPRISES: UST Appoints Mark Little as Chapter 11 Trustee
MOUGIANIS INDUSTRIES: Seeks to Extend Subchapter V Plan to Oct. 7
MUSCLEPHARM CORP: Court OKs Appointment of Nathan Smith as Trustee

MYSTICAL STARS: Taps McManimon Scotland & Baumann as Attorney
NEXTTRIP INC: Incurs $7.33 Million Net Loss in FY Ended Feb. 29
NISOURCE INC: Fitch Assigns 'BB+' Rating on Jr. Subordinated Notes
NOAH SAPIR: May Pursue Appeal in Dispute vs Bechem Creditors
NORWICH DIOCESE: Wants to Mediate Creditors' Chapter 11 Plans

NOVA LIFESTYLE: Huge Energy International Holds 10.5% Stake
NOVA LIFESTYLE: VT Conceptone Holds 14.9% Equity Stake
OCEANWIDE PLAZA: Hires Ralls Gruber as Special Litigation Counsel
OUTKAST ELECTRICAL: Trustee Taps Madoff & Khoury as Legal Counsel
P3 HEALTH: Leif Pedersen Appointed CFO Effective Oct. 1

PATHS PROGRAM: Gets OK to Hire Guidant Law as Bankruptcy Counsel
PECF USS III: Moody's Lowers CFR to 'Caa3' & Appends 'LD' to PDR
PERFORMANCE GROUP: Moody's Rates New $1BB Sr. Unsecured Notes 'B1'
PICCARD PETS SUPPLIES: Hits Chapter 11 Bankruptcy in Florida
PINE TREE: Seeks Approval to Tap MD & Associates as Accountant

PINNACLE FOODS: Popeyes Loses Bid to Remove DIP, Appoint Trustee
PLURALSIGHT INC: Blue Owl Lenders Take Company Ownership
POET TECHNOLOGIES: Streamlines Global Engineering Organization
POLERAX USA: Updates Unsecured Claims Pay Details
PRECISION MEDICINE: Moody's Affirms 'B2' CFR, Outlook Stable

QDOS INC: Mark Sharf Named Subchapter V Trustee
QUICK SERVE: Hires Greenridge Financial as Financial Consultant
R AND E HEALTH: Seeks to Hire Giddens Mitchell as Attorney
RAGING BULL: Court Directs Appointment of Trustee
RAISING CANE'S: Fitch Affirms 'BB-' LongTerm IDR, Outlook Stable

RAISING CANE'S: Moody's Rates New $500MM Secured Term Loan 'Ba3'
RAY'S TRANSPORT: Seeks Bankruptcy Protection in Michigan
REBEL STEEL: Hires Smith Gambrell & Russell as Special Counsel
RED OAK: Moody's Rates New $295MM Secured Bank Loans 'Ba3'
REDBOX ENTERTAINMENT: Ex-Worker Sues Owner for Mass Termination

REDHILL BIOPHARMA: Regains Compliance With Minimum Bid Price Rule
REEF POOL: Seeks to Hire Meland Budwick P.A. as Counsel
REFRIGERATION TECHNOLOGIES: Hires White and Williams as Counsel
REPUBLIC FIRST: Hires Brian F. Doran as Chief Transition Officer
RESIDENTIAL ADVERSITIES: Seeks to Hire Desari Jabbar as Realtor

RITE AID CORP: Changes Legal Team as Chapter 11 Exit Nears
ROCKY MOUNTAIN: American Heritage Railways Holds 13.2% Stake
ROTI RESTAURANTS: Seeks to Hire Much Shelist as Special Counsel
ROTI RESTAURANTS: Taps Richman & Richman as Bankruptcy Counsel
RYAN SPECIALTY: S&P Rates New $500MM Senior Secured Notes 'BB-'

SAFE & GREEN: Issues $290K Promissory Note to 1800 Diagonal Lending
SAFE & GREEN: SG Building Blocks Sells Receivables for $400,000
SALT LIFE: Receives Multiple Bids, Liquidates Sister Business
SAS AB: Exits Chapter 11 Bankruptcy w/ New Chair, Fresh Capital
SCHOFFSTALL FARM: Asset Sale Proceeds to Fund Plan Payments

SEMILEDS CORP: Reduces Meeting Quorum Requirement to 33.3%
SHARKFIN REAL: Hires Brittany S. Herndon as Special Counsel
SHELSON NATURAL: Hires James E. Rutkowski as Accountant
SHELSON NATURAL: Hires Winegarden Haley Lindholm as Counsel
SHINING WAY: Hires Larry A. Vick as Legal Counsel

SINGING MACHINE: Fails To Meet Nasdaq Listing Requirements
SIYATA MOBILE: Appoints Campbell Becher to Board of Directors
SMARTHOME VENTURES: Appointment of Albert Altro as Trustee OK'd
SMG US MIDCO 2: Moody's Withdraws 'B2' CFR Following Debt Repayment
SOLAR BIOTECH: Committee Hires Young America as Financial Advisor

SOORMA TRUCKING: Hires Allan D. NewDelman P.C. as Counsel
STAR ALLIANCE: Two Directors Quit, Replacements Named
STAR US: S&P Assigns 'B-' Rating on New First-Lien Term Loan
STEWARD HEALTH: Wants Funds from Penn. State to Keep Hospital Open
SUCCESS VILLAGE: Voluntary Chapter 11 Case Summary

SUNG HO MO: Loses Appeal in Kabe Lawsuit
SUNG HO MO: Loses Bid to Appeal Court Ruling in HSBC Lawsuit
SUNPOWER CORP: Hires Epiq Corporate as Administrative Advisor
SUNPOWER CORP: Seeks to Hire Ordinary Course Professionals
TABOR MANOR: Unsecureds Will Get 5% of Claims in Plan

TEGNA INC: Lauren Fisher Departs as Senior VP, Chief Legal Officer
TERVIS TUMBLER: Voluntary Chapter 11 Case Summary
TEXAS SOLIDS: Hires Lane Law Firm PLLC as Counsel
TILI LOGISTICS: Hires Bookkeeping Repair LLC as Bookkeeper
TRANSDIGM INC: Moody's Rates New 1st Lien Term Loan Due 2032 'Ba3'

TRANSOCEAN LTD: To Sell Non-Strategic Assets for $342 Million
TRILLION ENERGY: Posts $349,748 Net Income in Fiscal Q2
TROTTA TIRES: Hires Weiss Serota Helfman Cole as Counsel
TURF APPEAL: Unsecureds to Get Share of Income for 36 Months
TWO VINES: U.S. Trustee Unable to Appoint Committee

TYKARAH INFANT: Hires Law Office of James J. Rufo as Attorney
UNITED SITE SERVICES: Reaches $300Mil. Debt-Swap Deal
URBAN CHESTNUT: Case Summary & 20 Largest Unsecured Creditors
USALCO LLC: S&P Assigns 'B' Issuer Credit Rating, Outlook Stable
VERTEX ENERGY: Falls Short of Nasdaq's Bid Price Rule

VICTRA HOLDINGS: Moody's Upgrades CFR & Senior Secured Notes to B1
WESCO DISTRIBUTION: Fitch Affirms BB+ LongTerm IDR, Outlook Stable
WEST DEPTFORD: S&P Affirms 'CCC' Rating on Senior Secured Debt
WESTERN HEALTH: A.M. Best Affirms B(Fair) Fin. Strength Rating
WEWORK INC: Co. Fires Dickinson Wright PLLC Prior Trial

WIDELL RENOVATIONS: Case Summary & One Unsecured Creditor
WORLDPAY: Fitch Affirms 'BB' LongTerm IDR, Outlook Stable
YERUSHA LLC: Claims to be Paid From Asset Sale Proceeds
YESENIA GARCIA: Hires Larry A. Vick as Legal Counsel
YOUNG MEN'S CHRISTIAN: Gets OK to Tap Heard Ary & Dauro as Counsel

YUZHOU GROUP: Files Chapter 15 Bankruptcy in New York
[^] BOND PRICING: For the Week from September 2 to 6, 2024

                            *********

207 E 15TH ST: Seeks to Hire Boynes & Hawkins as Accountant
-----------------------------------------------------------
207 E 15TH ST LLC seeks approval from the U.S. Bankruptcy Court for
the District of New Jersey to hire Boynes & Hawkins LLC as
accountant.

The firm will render these services:

     a. advise and consult with the debtor concerning the tax
consequences arising from the planned sale of real estate,
including the debtors' tax obligations following the sale; and

     b. render any and all other services requested by the debtors.


The firm will charge $100 per hour for its services.

Boynes & Hawkins does not hold or represent any interest adverse to
that of the estate, and that said accounting firm is a
disinterested person within the meaning of 11 U.S.C. Section
101(14), according to court filings.

The firm can be reached through:

     Keith J Hawkins
     Boynes & Hawkins, LLC
     28 Belgrade Terrace
     West Orange, NJ 07052
     Phone: (973) 736-3846

                About 207 E 15TH ST LLC

207 E 15TH ST LLC sought protection for relief under Chapter 11 of
the Bankruptcy Code (Bankr. D.N.J. Case No. 23-20978) on Nov. 27,
2023, listing $100,001-$500,000 in both assets and liabilities.
Lenaure Foxworth signed the petition as managing member.

Avram D. White, Esq. at White and Co. Attorneys and Counsellors
represents the Debtors as counsel.


25350 PLEASANT: Bayramov Appeal over Case Dismissal Tossed
----------------------------------------------------------
The U.S. Court of Appeals for the Fourth Circuit affirmed the
dismissal of Elshan Bayramov's appeal in the bankruptcy case of
25350 Pleasant Valley LLC.

Bayramov appeals the district court's order granting 25350 Pleasant
Valley's voluntary dismissal of its appeal from the bankruptcy
court's order converting its Chapter 11 bankruptcy case to one
under Chapter 7. Bayramov contends that the district court erred by
dismissing the appeal without addressing his pending motion to
intervene.

The appellate case is ELSHAN BAYRAMOV, Appellant, v. 25350 PLEASANT
VALLEY LLC, Debtor - Appellee, and MAINSTREET BANK, Creditor -
Appellee, and JANET M. MEIBURGER, Chapter 7 Trustee, Trustee -
Appellee, and U.S. TRUSTEE, Trustee, No. 24-1580 (4th Cir.).

According to the Fifth Circuit, "We have reviewed the record and
find no reversible error."

The appellate court denies Bayramov's motion to stay the
proceedings pending appeal.

A copy of the Court's decision dated August 26, 2024, is available
at https://urlcurt.com/u?l=XKX2uR

                 About 25350 Pleasant Valley Drive LLC

25350 Pleasant Valley Drive LLC, filed a Chapter 11 bankruptcy
petition (Bankr. E.D. Va. Case No. 23-11983) on Dec. 6, 2023,
listing $500,001 to $1 million in both assets and liabilities.

Judge Klinette H. Kindred presides over the case.

The Debtor tapped John P. Forest, II, Esq. as counsel.



2U INC: Fordham University Wants Out of Student Placement Deal
--------------------------------------------------------------
Randi Love of Bloomberg Law reports that Fordham wants out of
agreement with online education company 2U Inc.

Fordham University urged a bankruptcy court to find that online
education giant 2U Inc. breached a years-long student field
placement agreement and can't continue the arrangement as proposed
in its reorganization plan, reports Bloomberg Law.

2U's plan it reached with creditors in July would cut its $945
million long-term debt by more than 50% and allow 2U to extend the
maturity date of its loans to over two years. The deal still has to
be reviewed by a bankruptcy judge, according to Bloomberg Law.

              About 2U, Inc.

Headquartered in Lanham, Maryland, 2U is an online education
platform company. The Company's mission is to expand access to
high-quality education and unlock human potential. As a trusted
partner to top-ranked nonprofit universities and other leading
organizations, the Company delivers technology and services that
enable its clients to bring their educational offerings online at
scale.

2U Inc. and its affiliates sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 24-11279) on
July 25, 2024. In its petition, the Debtor estimated assets and
liabilities between $1 billion and $10 billion each.

LATHAM & WATKINS LLP is the Debtors' counsel. MOELIS & COMPANY LLC
is the investment banker, and ALIXPARTNERS, LLP, is the financial
advisor. EPIQ CORPORATE RESTRUCTURING, LLC, is the claims agent.










532 MADISON: Hires Pick & Zabicki LLP as Legal Counsel
------------------------------------------------------
532 Madison Avenue Gourmet Foods, Inc. seeks approval from the U.S.
Bankruptcy Court for the Southern District of New York to employ
Pick & Zabicki LLP as counsel.

The firm will provide these services:

     a. advise the Debtor with respect to its rights and duties as
a debtor-in-possession;

     b. assist and advise the Debtor in the preparation of its
financial statements, schedules of assets and liabilities,
statement of financial affairs and other reports and documentation
required pursuant to the Bankruptcy Code and the Bankruptcy Rules;

     c. represent the Debtor at all hearings and other proceedings
relating to its affairs as a Chapter 11 debtor;

     d. prosecute and defend litigated matters that may arise
during this Chapter 11 case;

     e. assist the Debtor in the formulation and negotiation of a
plan of reorganization and all related transactions;

     f. assist the Debtor in analyzing the claims of creditors and
in negotiating with such creditors;

     g. prepare any and all necessary motions, applications,
answers, orders, reports and papers in connection with the
administration and prosecution of the Debtor's Chapter 11 case;
and

     h. perform such other legal services as may be required and/or
deemed to be in the interest of the Debtor in accordance with its
powers and duties as set forth in the Bankruptcy Code.

The firm will be paid at these rates:

     Partners              $435 to 515 per hour
     Associates            $250 per hour
     Paraprofessionals     $125 per hour

Prior to the petition date, the firm received from the Debtor a
retainer in the amount of $25,000.

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Douglas J. Pick, a partner at Pick & Zabicki LLP, disclosed in a
court filing that the firm is a "disinterested person" as the term
is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Douglas J. Pick, Esq.
     Pick & Zabicki LLP
     369 Lexington Avenue, 12th Floor
     New York, NY 10017
     Telephone: (212) 695-6000

              About 532 Madison Avenue Gourmet Foods

532 Madison Avenue Gourmet Foods Inc. owns a shop that sells
ready-to-eat food products.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 24-11092) on June 20,
2024, with $90,650 in assets and $4,464,417 in liabilities. Ryung
Hee Cho, president, signed the petition.

Judge Martin Glenn presides over the case.

Douglas Pick, Esq., at Pick & Zabicki, LLP represents the Debtor as
legal counsel.


9300 WILSHIRE: Amends Plan to Include Redondo Beach Unsecured Claim
-------------------------------------------------------------------
9300 Wilshire, LLC, submitted a First Amended Disclosure Statement
and Plan of Reorganization dated August 12, 2024.

Since its inception, the Debtor has conducted 100% of its business
activity in Redondo Beach, Santa Monica, West Hollywood, and
Beverly Hills, California.

Before this chapter 11 case was commenced on February 21, 2023, the
Debtor was in the business of investing in real estate. Among other
things, the Debtor is the holder of a 21.45% ownership interest in
certain real property located at 1100 N. Harbor Drive, Redondo
Beach, California 90277 (the "Harbor Drive Property" "Redondo Beach
Property" or "Property").

The Debtor will continue with its business operations and regular
course of conduct after confirmation of the Plan.

Under the Plan, among other things, the Debtor shall be exercising
its setoff rights against the alleged secured claim of AES Redondo
by the $35,000,000 claim filed by the Commission. AES Redondo has
stated in writing that it will indemnify the Debtor and its
affiliates in connection with this claim.

If necessary, given the admission by AES Redondo that it is
responsible to indemnify the Debtor, the Debtor will be filing a
motion for partial summary judgment on its indemnification claim
against AES Redondo as the Commission's claim is based upon the
terms and conditions of the Ground Lease and AES Redondo's
confirmation that it will be indemnifying the Debtor.

As discussed, additional interests in properties held by the Debtor
which are held by non-Debtor entities which are 90% controlled by
Mssrs. Dromy and Pustilnikov will be provided as additional
collateral to AES on account of their Performance Deed of Trust
obligation. And one of the properties located at 125 & 129 Linden,
Beverly Hills, CA will be sold and additional proceeds beyond the
Debtor's interest in that property totaling $18,377,873 will be
provided to help fund the Plan.

Based upon prior funding of $37 Million to AES by Mr. Dromy plus
funds he has paid toward payment of property expenses of properties
in which the Debtor holds an interest and toward property tax
payments on their properties, Mr. Dromy's funding shall continue.

Class 2b consists of General Unsecured Claims Other than Claim of
the City of Redondo Beach. Each claimant in Class 2b will be paid
100% of its claim beginning the first relevant date after the
Effective Date. Over eight months after the Effective Date, with
the first installment in the amount of 10% of the allowed claim
paid on the Effective Date, or as soon thereafter as is reasonably
practicable, with the second installment in the amount of 35% of
the allowed claims paid on the last business day of the month that
is four months after the Effective Date, with the final installment
in the amount of 55% of the allowed claim paid on the last business
day of the month that is eight months after the Effective Date.

Class 2c General Unsecured Claim of the City of Redondo Beach Other
than the Prepetition Disputed Transfer Tax Claim. This is the
General Unsecured Claim of the City of Redondo Beach, other than
their claim for payment of transfer taxes, if they otherwise have
one. Each claimant in Class 2c will be paid 100% of its claim
beginning the first relevant date after the Effective Date.

At such time as the City of Redondo Beach is determined to have a
final, allowable claim in this bankruptcy case with all rights of
appeal having been exhausted, beginning on the first day of the
first quarter after such final, non-appealable allowance of their
claim takes place, Debtor will make payments on the first day of
each quarter in the calendar year, and will pay such claim in 12
equal quarterly installments; provided, however, that any payment
by any party toward the alleged elements of the City of Redondo
Beach claim including the Coastal Commission Claim, the
Environmental Claim or the claim based upon the Option Agreement
shall be credited against any amount due to the City by the Debtor
under this Plan.

The success of the Plan is dependent on the sufficient cash being
available as of the Effective Date and during the duration of the
Plan from the following sources: (a) the Debtor's cash on hand on
the Effective Date, (b) post-Petition Date exit financing, if any,
(c) capital contributions or loans from Ely Dromy in such amounts
as are necessary to fund plan payments, and (d) any damages
recovered by the Debtor from the Amended AES Redondo Complaint or
such other rights of action, claims for relief, or causes of
action, including avoidance power claims under chapter 5 of the
Bankruptcy Code.

The Debtor projects that there will be sufficient proceeds from
these sources and assets to pay all claims according to the
treatment afforded by the terms of the Plan. However, if the Debtor
is unable to obtain exit financing, capital contributions, loans,
or damages from the Amended AES Redondo Complaint, or such other
rights of action, claims for relief, or causes of action, including
avoidance power claims under chapter 5 of the Bankruptcy Code, as
applicable, or if the estate's expenses or claims are greater than
expected or projected, the estate may have less net cash which may
impair the Debtor's ability to fund all of the distributions
provided for by the Plan.

A full-text copy of the First Amended Disclosure Statement dated
August 12, 2024 is available at https://urlcurt.com/u?l=Phl8TZ from
PacerMonitor.com at no charge.

9300 Wilshire, LLC is represented by:

          Victor A. Sahn, Esq.
          Steve Burnell, Esq.
          GREENSPOON MARDER LLP
          1875 Century Park East, Suite 1900
          Los Angeles, CA 90067
          Tel: (213) 626-2311
          Email: victor.sahn@gmlaw.com
                 steve.burnell@gmlaw.com

                    About 9300 Wilshire

9300 Wilshire, LLC, is a Beverly Hills-based company engaged in
activities related to real estate.

9300 Wilshire filed its voluntary petition for relief under Chapter
11 of the Bankruptcy Code (Bankr. C.D. Calif. Case No. 23-10918) on
Feb. 21, 2023, with $100 million to $500 million in assets and $50
million to $100 million in liabilities. Leonid Pustilnikov, 9300
Wilshire's manager, signed the petition.

Judge Ernest M. Robles presides over the case.

The Debtor tapped Victor A. Sahn, Esq., at Greenspoon Marder, LLP
as bankruptcy counsel and Rutan & Tucker, LLP as special counsel.


AAA ABC ACQUISITION: Hires Saul Ewing as Bankruptcy Counsel
-----------------------------------------------------------
Gregory K. Jones, the Chapter 11 Examiner in the bankruptcy case of
AAA ABC Acquisition, LLC and its affiliates, seeks approval from
the U.S. Bankruptcy Court for the Central District of California to
employ Saul Ewing LLP as general bankruptcy counsel.

The firm's services include:

     a. providing legal advice with respect to the Examiner's
powers and duties under the appointing order;

     b. seeking documents through discussions with counsel or under
Rule 2004;

     c. assisting the Examiner and with analysis of legal issues;
and

     d. otherwise performing services consistent with the
Bankruptcy Code and Rules.

The firm will be paid at these rates:

     Partners               $655 to $1,260 per hour
     Special Counsel        $585 to $1,200 per hour
     Associates             $345 to $620 per hour
     Paraprofessionals      $175 to $395 per hour

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

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

The firm can be reached at:

     Zev Shechtman, Esq.
     Saul Ewing LLP
     1888 Century Park East, Suite 1500
     Los Angeles, CA 90067
     Tel: (310) 255-6100
     Fax: (310) 255-6200
     Email: Zev.Shechtman@saul.com

              About AAA ABC Acquisition, LLC

AAA ABC Acquisition, LLC filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Calif. Case
No. 24-11384) on Feb. 25, 2024, listing $10 million to $50 million
in both assets and liabilities. The petition was signed by Adam
Bold, Board Member.

Judge Vincent P. Zurzolo presides over the case.

Carolyn A. Dye, Esq., at the Law Office of Carolyn A. Dye
represents the Debtor as bankruptcy counsel.


ABUNDANT LIFE: Seeks to Tap Lane Law Firm as Bankruptcy Counsel
---------------------------------------------------------------
Abundant Life Chiropractic, P.A. seeks approval from the U.S.
Bankruptcy Court for the Southern District of Texas to hire Lane
Law Firm, PLLC as counsel.

The firm will provide these services:

     a. assist, advise and represent the Debtor relative to the
administration of the Chapter 11 case;

     b. assist, advise and represent the Debtor in analyzing the
Debtor's assets and liabilities, investigating the extent and
validity of lien and claims, and participating in and reviewing any
proposed asset sales or dispositions;

    c. attend meetings and negotiate with the representatives of
the secured creditors;

    d. assist the Debtor in the preparation, analysis and
negotiation of any plan of reorganization and disclosure statement
accompanying any plan of reorganization;

     e. take all necessary action to protect and preserve the
interests of the Debtor;

     f. appear, as appropriate, before this Court, the Appellate
Courts, and other Courts in which matters may be heard and to
protect the interests of Debtor before said Courts and the United
States Trustee; and

     g. perform all other necessary legal services in these case.

The firm will be paid at these rates:

     Robert C. Lane                       $595 per hour
     Joshua Gordon, Managing Associate    $550 per hour
     Associate Attorney                   $500 per hour
     Paralegals/legal assistants          $190 to $250 per hour

The firm will be paid a retainer in the amount of $30,000.

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Robert C. Lane, Esq., a partner at Lane Law Firm, PLLC, disclosed
in a court filing that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Robert C. Lane, Esq.
     Lane Law Firm, PLLC
     6200 Savoy, Suite 1150
     Houston, TX 77036
     Tel: (713) 595-8200
     Fax: (713) 595-8201
     Email: notifications@lanelaw.com

            About Abundant Life Chiropractic, P.A.

Abundant Life Chiropractic, P.A. operates a wellness chiropractic
center.

Abundant Life Chiropractic, P.A. filed its voluntary petition for
relief under Chapter 11 of the Bankrutpcy Code (Bankr. S.D. Tex.
Case No. 24-33862) on August 23, 2024, listing $59,398 in assets
and $1,560,814 in liabilities. The petition was signed by
Christopher Robert Zaino as owner.

Judge Jeffrey P Norman presides over the case.

Robert C. Lane, Esq. at THE LANE LAW FIRM represents the Debtor as
counsel.


ACCURIDE CORP: Moody's Lowers CFR & First Lien Term Loan to 'Caa3'
------------------------------------------------------------------
Moody's Ratings downgraded Accuride Corporation's corporate family
rating to Caa3 from Caa1 and the company's probability of default
rating to Caa3-PD/LD from Caa1-PD. Moody's also downgraded the
rating on the company's senior secured first lien term loan to Caa3
from Caa1. The outlook is stable.

The /LD appended to the company's PDR designates a limited default
and reflects the amendment to the first lien term loan completed
earlier in 2024. The amendment included the deferral of term loan
principal amortization through the end of 2024 and converted
additional cash interest to paid-in-kind (PIK) through the end of
March 2025. The transaction provided Accuride with near-term
liquidity through relief from debt service requirements. Moody's
considered this change to be a distressed exchange and therefore, a
limited default by Moody's definition. The amendment did not
constitute an event of default under any of the company's debt
agreements. Moody's will remove the (/LD) designation from the PDR
in approximately three business days.

The rating downgrades reflect Moody's view that Accuride may engage
in further debt restructuring transactions given its weak liquidity
and currently unsustainable capital structure. As such, governance
considerations are material to this rating action. The company does
not have any material debt maturities until 2026. However, Moody's
expect Accuride's earnings will remain pressured and cash burn will
persist through 2024 as commercial vehicle and trailer production
levels remain lower. Therefore, Moody's believe Accuride may seek
additional relief from debt service requirements before production
volumes recover in 2025.

RATINGS RATIONALE

Accuride's ratings reflect the company's very high financial
leverage, modest earnings margin with a history of operating losses
and weak liquidity. Accuride does maintain a good competitive
position as a global supplier of steel and aluminum wheels and
wheel-ends for new commercial vehicle production as well as a
supplier to the aftermarket. However, Moody's expect Accuride's
revenue to decline at least 10% in 2024 as the company faces lower
demand for its aluminum and steel wheels in the production of
commercial vehicles. In addition, pricing declines have negatively
impacted Accuride's operating performance. Despite completing a
multi-year restructuring of its European and Asia operations,
Accuride has not been able to offset the impact of lower volumes on
its earnings.

Moody's expect debt/EBITDA will remain in excess of 12x through
2024 due to suppressed earnings and an increasing debt balance.
This level of leverage is unsustainable, and Moody's don't expect a
significant recovery in earnings until commercial vehicle
production improves during 2025.

Moody's expect Accuride's liquidity to remain weak over the next
twelve months. The company's liquidity has been supported
historically by capital infusion from its private equity sponsor,
including additional capital contributed in the first quarter of
2024. Accuride has a moderate cash balance as of the end of June
2024. Moody's expect free cash flow to remain negative in 2024. The
company may need additional capital infusions or proceeds from sale
leaseback transactions to support liquidity.

Accuride heavily utilizes its $168 million asset based lending
facility (ABL) to support its operations, and Moody's expect the
company to maintain modest availability on its ABL. The company's
amendment to its first lien term loan included resetting the
maximum net leverage and minimum interest coverage ratios, which
the company is in compliance with at the end of June 2024 although
covenant cushion is decreasing.

The stable outlook signifies Moody's view that the current rating
level is reflective of potential for a default and the related
expected debt recoveries.

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

The ratings could be upgraded if Accuride is able to improve
liquidity and demonstrate earnings growth such that debt/EBITDA is
on a trajectory toward a more sustainable level. Further, the
ratings could be upgraded if Moody's view a debt restructuring to
be unlikely or Moody's estimation of recovery improves.

The ratings could be downgraded if liquidity deteriorates, the
likelihood of a default increases or an expectation of recovery
levels declines.

The principal methodology used in these ratings was Automotive
Suppliers published in May 2021.

Accuride Corporation is a North American, European and Asian
manufacturer and supplier of commercial vehicle and light vehicle
components including wheels and wheel-end components. Crestview
Partners is the majority owner of Accuride since October 2016.
Revenue for the twelve months ended June 2024 was approximately
$1.1 billion.


ACTIVE WORLD: Starts Subchapter V Bankruptcy Process
----------------------------------------------------
Active World Holdings Inc. filed Chapter 11 protection in the
Eastern District of Pennsylvania. According to court filing, the
Debtor reports between $1 million and $10 million in debt owed to 1
and 49 creditors. The petition states that funds will be available
to unsecured creditors.

A meeting of creditors under 11 U.S.C. Section 341(a) is slated for
Sept. 20, 2024 at 11:00 a.m. at ALTERNATE TELEPHONIC CONFERENCE.

                  About Active World Holdings

Active World Holdings Inc., formerly known as Active World Club, is
an online trading platform for cryptocurrency trading.

Active World Holdings Inc. sought relief under Subchapter V of
Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Pa. Case No.
24-12780) on August 8, 2024. In the petition filed by Alfonso
Knoll, as president, the Debtor reports estimated assets up to
$50,000 and estimated liabilities between $1 million and $10
million.

The Honorable Bankruptcy Judge Patricia M. Mayer handles the case.

The Debtor is represented by:

     George Meany Lutz, Esq.
     HARTMAN, VALERIANO, MAGOVERN & LUTZ, P.C.
     1025 Berkshire Blvd. Ste. 700
     Wyomissing PA 19610
     Tel: (610) 763-0745
     Email: glutz@hvmllaw.com


AIO US: Hires Philip J. Gund of Ankura Consulting as CRO
--------------------------------------------------------
AIO US, Inc. and its debtor affiliates seek approval from the U.S.
Bankruptcy Court for the District of Delaware to hire Ankura
Consulting Group, LLC as their restructuring experts and designate
Philip J. Gund as chief restructuring officer and treasurer, and
Christopher Hebard as assistant treasurer.

The firm will render these services:

     a. provide Philip J. Gund as Chief Restructuring Officer and
Treasurer, Christopher Hebard as Assistant Treasurer and other
professionals as needed to support the scope of services;

     b. review and modify the Company's existing cash management
systems and cash flow forecasts, including updating or refining the
cash flow forecasts as needed, consistent with the reporting
requirements;

     c. assist the Company in producing financial analyses and
reporting to the lenders and other constituents;

     d. assist the Company's subsidiaries in preparing cash
forecasting, funding requirements and support of the operations as
requested;

     e. assist the Company in developing, evaluating and executing
various restructuring strategies, including assisting with
negotiation of a Chapter 11 plan with creditors and other
constituents;

     f. assist the Company in contingency planning and
preparations;

     g. assist the Company in the administration of its Chapter 11
cases, including DIP financing and Chapter 11 reporting, vendor
analysis and negotiations, witness testimony, and other transition
service workstreams, as may be requested by the Company;

     h. assist and prepare the Company for asset sales pursuant to
section 363 of the Bankruptcy Code or other sale process as
requested by Company; and

     i. perform such other professional services as may be
requested by the Company and agreed to by Ankura in writing.

The firm will be paid at these hourly rates:

     Senior Managing Director       $1,205 to $1,350
     Managing Director              $1,000 to $1,120
     Director/Senior Director       $685 to $945
     Associate/Senior Associate     $460 to $630
     Paraprofessionals              $360 to $415

The firm holds a retainer in the amount of $250,000.

Ankura does not hold any interest adverse to the Debtors' estates,
and is a "disinterested person' as that term is defined in section
101(14) of the Bankruptcy Code, as modified by section 1107(b) of
the Bankruptcy Code, according to court filings.

The firm can be reached through:

     Philip J. Gund
     Ankura Consulting Group, LLC
     485 Lexington Avenue, 10th Floor
     New York, NY 10017
     Telephone: (212) 818-1555
     Mobile: (516) 695-7003
     Email: philip.gund@ankura.com

                About AIO US, Inc.

AIO US, Inc. and its debtor-affiliates filed their voluntary
petitions for relief under Chapter 11 of the Bankruptcy Code
(Bankr. D. Del. Lead Case No. 24-11836) on August 12, 2024, listing
$1,000,000,001 to $10 billion in both assets and liabilities. David
T Queroli, Esq. at Richards, Layton & Finger, P.A. represents the
Debtor as counsel.


AIO US: Hires Richards Layton & Finger P.A. as Co-Counsel
---------------------------------------------------------
AIO US, Inc. and its debtor affiliates seek approval from the U.S.
Bankruptcy Court for the District
of Delaware to hire Richards, Layton & Finger, P.A. as co-counsel.

The firm's services include:

     a. assisting in pre-bankruptcy preparation and planning;

     b. assisting in preparing necessary petitions, motions,
applications, orders, reports, and papers necessary to commence
these Chapter 11 cases;

     c. advising the Debtors of their rights, powers, and duties as
debtors and debtors in possession under Chapter 11 of the
Bankruptcy Code;

     d. preparing on behalf of the Debtors motions, applications,
answers, orders, reports, and papers in connection with the
administration of the Debtors' estates;

     e. taking all necessary actions to protect and preserve the
Debtors' estates, including the prosecution of actions on the
Debtors' behalf, the defense of any actions commenced against the
Debtors in these Chapter 11 cases, the negotiation of disputes in
which the Debtors are involved, and the preparation of objections
to claims filed against the Debtors' estates;

     f. assisting with any sale or sales of assets, including
preparing any necessary motions and papers related thereto;

     g. assisting in preparing the Debtors' disclosure statement
and any related motions, pleadings, or other documents necessary to
solicit votes on any plan of reorganization;

     h. assisting in preparing any Chapter 11 plan;

     i. prosecuting on behalf of the Debtors any Chapter 11 plan
and seeking approval of all transactions contemplated therein and
in any amendments thereto; and

     j. performing all other necessary and desirable legal services
in connection with these Chapter 11 cases.

The firm will be paid at these rates:

     Directors             $975 to $1,450 per hour
     Counsel               $925 to $1,450 per hour
     Associates            $525 to $825 per hour
     Paraprofessionals     $395 per hour

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

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

Prior to the Petition Date, the firm received retainer payments
from the Debtors in the aggregate amount of $286,057.

The following is provided in response to the request for additional
information set forth in Appendix B, Paragraph D.1 of the Fee
Guidelines.

     a. Richards did not agree to any variations from, or
alternatives to, its standard or customary billing arrangements for
this engagement;

     b. None of Richards' professionals included in this engagement
have varied their rate based on geographic location for these
Chapter 11 cases;

     c. Richards has advised the Debtors in connection with its
restructuring efforts and in contemplation of these Chapter 11
cases since on or about July 20, 2024. The billing rates, except
for Richards's standard and customary periodic rate adjustments as
set forth above, and material financial terms have not changed
postpetition from the prepetition arrangement; and

     d. Richards, in conjunction with the Debtors, is developing a
prospective budget and staffing plan for these Chapter 11 cases.

Zachary I. Shapiro, Esq., a partner at Richards, Layton & Finger,
P.A., disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     Zachary I. Shapiro, Esq.
     Richards, Layton & Finger, P.A.
     One Rodney Square
     920 N. King Street
     Wilmington, DE 19801
     Tel: (302) 651-7700
     Fax: (302) 651-7701
     Email: shapiro@rlf.com

               About AIO US, Inc.

AIO US, Inc. and its debtor-affiliates filed their voluntary
petitions for relief under Chapter 11 of the Bankruptcy Code
(Bankr. D. Del. Lead Case No. 24-11836) on August 12, 2024, listing
$1,000,000,001 to $10 billion in both assets and liabilities. David
T Queroli, Esq. at Richards, Layton & Finger, P.A. represents the
Debtor as counsel.


AIO US: Seeks Approval to Retain Ordinary Course Professionals
--------------------------------------------------------------
AIO US, Inc. and its debtor affiliates seek approval from the U.S.
Bankruptcy Court for the District of Delaware to retain
professionals utilized in the ordinary course of business.

These OCPs have provided legal, technical, accounting, consulting,
and/or other related services to the Debtors, upon which they rely
on to manage their day-to-day operations.

The Debtors seek to pay OCPs 100 percent of the fees and expenses
incurred.

The Debtors do not believe that any of the OCPs have an interest
materially adverse to them, their estates, creditors, or other
parties in interest in connection with the matter upon which they
are to be engaged.

The OCPs' include:

     Orrick, Herrington & Sutcliffe LLP
     2121 Main Street
     Wheeling, WV 26003
     -- Litigation Defense Counsel

     Polsinelli LLP
     2049 Century Park East, Suite 2900
     Overland Park, CA 90067
     -- Litigation Defense Counsel

     Wilcox & Savage, P.C.
     440 Monticello Ave.
     Norfolk, VA 23510
     -- Litigation Defense Counsel

     Glass.Law, PLLC
     3811 Ditmars Blvd. #916
     Astoria, NY 11105
     -- Litigation Defense Counsel

     Covington & Burling LLP
     One CityCenter
     850 10th St. NW
     Washington, DC 20001
     -- Insurance Coverage Counsel

     HAWS-KM, P.A.
     30 East 7th Street, Suite 3200
     St. Paul, MN 55101
     -- Litigation Defense Counsel

     Hawkins Parnell & Young LLP
     Sun Trust Plaza
     303 Peachtree Rd. NE #4000
     Atlanta, GA 30308
     -- Litigation Defense Counsel

     Foley & Mansfield
     55 West Monroe Street, Suite 3430
     Chicago, IL 60603
     -- Litigation Defense Counsel

     Chehardy Sherman Williams Recile and Hayes LLP
     1 Galleria Blvd., Suite 1100
     Metairie, LA 70001
     -- Litigation Defense Counsel

     Gibbons P.C.
     One Gateway Center
     Newark, NJ 07102
     -- Environmental Defense Counsel

     Constangy, Brooks, Smith & Prophete LLP
     175 Pearl Street, Suite C-402
     Brooklyn, NY 11201
     -- Employment Counsel

     Axiom Global Inc.
     33 West Monroe Street, Suite 200
     Chicago, IL 60603
     -- Employee Benefits Counsel

     Goldfarb & Fleece LLP
     560 Lexington Avenue, 6th Floor
     New York, NY 10022
     -- Real Estate Counsel

                About AIO US, Inc.

AIO US, Inc. and its debtor-affiliates filed their voluntary
petitions for relief under Chapter 11 of the Bankruptcy Code
(Bankr. D. Del. Lead Case No. 24-11836) on August 12, 2024, listing
$1,000,000,001 to $10 billion in both assets and liabilities. David
T Queroli, Esq. at Richards, Layton & Finger, P.A. represents the
Debtor as counsel.


AIO US: Seeks to Hire Epiq Corporate as Administrative Advisor
--------------------------------------------------------------
AIO US, Inc. and its debtor affiliates seek approval from the U.S.
Bankruptcy Court for the District of Delaware to hire Epiq
Corporate Restructuring, LLC as administrative advisor.

The firm will render these services:

     a. assist with, among other things, solicitation, balloting,
tabulation, and calculation of votes, as well as prepare any
appropriate reports, as required in furtherance of confirmation of
plan(s) of reorganization, and in connection with such services,
process requests for documents from parties in interest;

     b. generate 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
Chapter 11 plan; and

     f. provide such other processing, solicitation, balloting and
other administrative services described in the Services Agreement,
but not included in the Section 156(c) Application, as may be
requested from time to time by the Debtors, this Court or the
Office of the Clerk of the Bankruptcy Court.

Before the petition date, the Debtor provided the firm a retainer
in the amount of $25,000.

The firm will be paid at these hourly rates:

     Clerical/Administrative Support           WAIVED
     IT/Programming                             $65 - $85
     Case Managers                              $85 - 185
     Project Managers/Consultants/ Directors   $185 - $195
     Solicitation Consultant                   $195
     Executive Vice President, Solicitation    $195
     Executives                                No Charge

In addition, Epiq will seek reimbursement for expenses incurred.

Brian Hunt, a consulting director at Epiq Corporate Restructuring,
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:

     Brian Hunt
     Epiq Corporate Restructuring, LLC
     777 Third Avenue, 12th Floor
     New York, NY 10017
     Tel: (646) 282-2532
     Email: bhunt@epiqglobal.com

                         About AIO US, Inc.

AIO US, Inc. and its debtor-affiliates filed their voluntary
petitions for relief under Chapter 11 of the Bankruptcy Code
(Bankr. D. Del. Lead Case No. 24-11836) on August 12, 2024, listing
$1,000,000,001 to $10 billion in both assets and liabilities. David
T Queroli, Esq. at Richards, Layton & Finger, P.A. represents the
Debtor as counsel.


AIO US: Seeks to Hire Weil Gotshal & Manges LLP as Attorney
-----------------------------------------------------------
AIO US, Inc. and its debtor affiliates seek approval from the U.S.
Bankruptcy Court for the District of Delaware to hire Weil, Gotshal
& Manges LLP as attorneys.

The firm will render these services:

     a. take all necessary actions to protect and preserve the
Debtors' estates, including the prosecution of actions on the
Debtors' behalf, the defense of actions commenced against the
Debtors, the negotiation of disputes in which the Debtors are
involved, and the preparation of objections to claims filed against
the Debtors' estates;

     b. prepare on behalf of the Debtors, as debtors in possession,
all necessary motions, applications, answers, orders, reports, and
other papers in connection with the administration of the Debtors'
estates;

     c. take all necessary actions in connection with the Debtors'
postpetition restructuring process, any chapter 11 plan and related
disclosure statement, and all related documents, and such further
actions as may be required in connection with the administration of
the Debtors' estates;

     d. take all necessary actions to protect and preserve the
value of the Debtors' estates; and

     e. perform all other necessary legal services in connection
with the prosecution of the chapter 11 cases; provided, however,
that to the extent Weil determines that such services fall outside
the scope of services historically or generally performed by Weil
as lead debtors' counsel in a bankruptcy case, Weil will file a
supplemental declaration.

The firm received an advance retainer in the amount of
$7,134,453.33.

The firm will be paid at these hourly rates:

     Partners/Counsel       $1,595 to $2,350
     Associates             $830 to $1,470
     Paraprofessionals      $350 to $595

The following is provided in response to the request for additional
information set forth in Appendix B, Paragraph D.1 of the Fee
Guidelines.

   Question: Did you agree to any variations from, or alternatives
to, your standard or customary billing arrangements for this
engagement?

   Response: No.

   Question: Do any of the professionals included in this
engagement vary their rate based on the geographic location of the
bankruptcy case?

   Response: No.

   Question: If you represented the client in the 12 months
prepetition, disclose your billing rates and material financial
terms for the prepetition engagement, including any adjustments
during the 12 months prepetition. If your billing rates and
material financial terms have changed postpetition, explain the
difference and the reasons for the difference.

   Response: Weil was formally engaged by the Debtors in October
2023. In 2023, Weil's hourly rates were $1,375 to $2,095 for
partners and counsel, $750 to $1,345 for associates, and $295 to
$530 for paraprofessionals. On Jan. 1, 2024, Weil adjusted its
standard billing rates.

   Question: Has your client approved your prospective budget and
staffing plan, and, if so, for what budget period?

   Response: Weil is developing a prospective budget and staffing
plan for the chapter 11 cases. Weil and the Debtors will review
such budget following the close of the budget period to determine a
budget for the following period.

As disclosed in the court filings, Weil is a "disinterested person"
as that term is defined in section 101(14) of the Bankruptcy Code
as modified by section 1107(b) of the Bankruptcy Code.

The firm can be reached through:

     Ronit J. Berkovich, Esq.
     Weil, Gotshal & Manges LLP
     767 Fifth Avenue
     New York, NY 10153-0119
     Phone: (212) 310-8534
     Email: ronit.berkovich@weil.com

              About AIO US, Inc.

AIO US, Inc. and its debtor-affiliates filed their voluntary
petitions for relief under Chapter 11 of the Bankruptcy Code
(Bankr. D. Del. Lead Case No. 24-11836) on August 12, 2024, listing
$1,000,000,001 to $10 billion in both assets and liabilities. David
T Queroli, Esq. at Richards, Layton & Finger, P.A. represents the
Debtor as counsel.


AIO US: Taps Rothschild & Co as Financial Advisor/Investment Banker
-------------------------------------------------------------------
AIO US, Inc. and its debtor affiliates seek approval from the U.S.
Bankruptcy Court for the District of Delaware to hire Rothschild &
Co US Inc. as their financial advisor and investment banker.

The firm will render these services:

     (a) identify and/or initiate potential Transactions;

     (b) review and analyze the Debtors' assets and the operating
and financial strategies of the Debtors;

     (c) review and analyze the business plans and financial
projections prepared by the Debtors including, but not limited to,
testing assumptions and comparing those assumptions to historical
Debtor and industry trends;

     (d) evaluate the Debtors' debt capacity in light of its
projected cash flows and assist in the determination of an
appropriate capital structure for the Debtors;

     (e) assist the Debtors and their other professionals in
reviewing the terms of any proposed Transaction, in responding
thereto and, if directed, in evaluating alternative proposals for a
Transaction;

     (f) determine a range of values for the Debtors and any
securities that the Debtors offer or propose to offer in connection
with a Transaction;

     (g) advise the Debtors on the risks and benefits of
considering a Transaction with respect to the Debtors' intermediate
and long-term business prospects and strategic alternatives to
maximize the business enterprise value of the Debtors;

     (h) review and analyze any proposals the Debtors receive from
third parties in connection with a Transaction, including, without
limitation, any proposals for debtor-in-possession financing, as
appropriate;

     (i) assist or participate in negotiations with the parties in
interest, including, without limitation, any current or prospective
creditors of, holders of equity in, or claimants against the
Debtors and/or their representatives in connection with a
Transaction;

     (j) advise the Debtors with respect to, and attend, meetings
of the Debtors' Board of Directors, creditor groups, official
constituencies and other interested parties, as necessary; and

     (k) participate in hearings before the Court and provide
relevant testimony with respect to the matters described in the
Engagement Letter and issues arising in connection with any
proposed Plan.

The firm will receive compensation as follows:

     (a) An advisory fee (the "Monthly Fee") of $150,000 per month,
of which Rothschild & Co shall credit 50 percent of the initial
$900,000 in Monthly Fees against the M&A Fee or Completion Fee , as
applicable (the "Monthly Fee Credit"). The Monthly Fee shall be
payable by the Debtors in advance on the first day of each month.

     (b) A new capital fee (the "New Capital Fee") equal to (i) 1.0
percent of the face amount of any senior secured debt raised
including, without limitation, any debtor-in-possession financing
raised; (ii) 2.0 percent of the face amount of any junior secured
or senior or subordinated unsecured debt raised including, without
limitation, any debtor-in-possession financing raised and (iii) 4.0
percent of any equity capital, capital convertible into equity or
hybrid capital raised, including, without limitation, equity
underlying any warrants, purchase rights or similar contingent
equity securities (each, a "New Capital Raise"), provided that such
amounts shall be reduced by 50.0 percent solely with respect to any
such new capital raised from the Debtors' existing equity holders
as of July 23, 2024. The New Capital Fee shall be payable upon the
closing of the transaction by which the new capital is committed.
For the avoidance of doubt, the term "raised" shall include the
amount committed or otherwise made available to the Debtors whether
or not such amount (or any portion thereof) is drawn down at
closing or is ever drawn down and whether or not such amount (or
any portion thereof) is used to refinance existing obligations of
the Debtor. For the further avoidance of doubt, the New Capital Fee
relating to any warrants, purchase rights or similar contingent
equity securities shall be due and payable upon the closing of the
transaction by which such instruments are issued and shall be
calculated as if all such instruments are exercised in full (and
the full cash exercise price is paid) on the date of such closing,
whether or not all or any portion of such instruments are vested
and whether or not all or any portion of such instruments are
vested and whether or not such instruments are actually so
exercised.

     (c) A fee (the "M&A Fee") as specified in Exhibit B to the
Engagement Letter if the Debtors sell, directly or indirectly,
through a credit bid or otherwise, assets or equity interests or
any securities convertible into, or options, warrants or other
rights to acquire, such equity interests, or otherwise
consummate any merger, consolidation, or other business combination
transaction (any such transaction, an "M&A Transaction") which fee
shall be payable at the closing of any M&A Transaction.
Notwithstanding the M&A Fee calculation set forth in Exhibit B to
the Engagement Letter, in no event shall the M&A Fee for any M&A
Transaction be less than $500,000.

     (d) A fee (the "Completion Fee") of $4,125,000, payable upon
the earlier of (i) the confirmation and effectiveness of a Plan and
(ii) the closing of a Transaction.

     (e) Notwithstanding paragraphs 4(c) and 4(d) above, if the
Debtors enter into a transaction that constitutes both a
Transaction and M&A Transaction, Rothschild & Co shall be entitled
to the greater of (i) the Completion Fee and (ii) the M&A Fee,
provided, that if Natura &Co Holding S.A. is the acquirer in such
transaction, then Rothschild & Co shall be entitled to the
Completion Fee (and not the M&A Fee).

     (f) Expenses. In addition to all of the other fees and
expenses described in the Engagement Letter, and regardless of
whether any Transaction is consummated, the Debtors shall, upon
Rothschild & Co's request, reimburse Rothschild & Co for its
reasonable and documented out of-pocket expenses incurred from time
to time in connection with its services.

Marcelo Messer, managing director at Rothschild, 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:

     Marcelo Messer
     Rothschild & Co. US Inc.
     1251 Avenue of the Americas
     New York, NY 10020
     Tel: (212) 403-3500

               About AIO US, Inc.

AIO US, Inc. and its debtor-affiliates filed their voluntary
petitions for relief under Chapter 11 of the Bankruptcy Code
(Bankr. D. Del. Lead Case No. 24-11836) on August 12, 2024, listing
$1,000,000,001 to $10 billion in both assets and liabilities. David
T Queroli, Esq. at Richards, Layton & Finger, P.A. represents the
Debtor as counsel.


AIRSPAN NETWORKS: Seeks to Hire Grant Thornton LLP as Auditor
-------------------------------------------------------------
Airspan Networks Holdings Inc. and its affiliates seek approval
from the U.S. Bankruptcy Court for the District of Delaware to
employ Grant Thornton LLP as auditor.

The firm will perform certain audit services for the Debtors,
including completing an audit of the consolidated financial
statements of the Debtors as of and for the year ended Dec. 31,
2023.

The fixed fee for completion of this engagement is $390,000.

Scott Mager, a partner of Grant Thornton, disclosed in a court
filing that his firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Scott A. Mager
     Grant Thornton LLP
     1301 International Parkway, Suite 200
     Fort Lauderdale, FL, 33323
     Telephone: (954) 331 1146
     Fax: (954) 768 9908
     Email: scott.mager@us.gt.com

          About Airspan Networks Holdings Inc.

Airspan Networks Holdings Inc. is a U.S.-based provider of
groundbreaking, disruptive software and hardware for 5G Networks,
and a pioneer in end-to-end Open RAN solutions that provide
interoperability with other vendors. As a result of innovative
technology and significant R&D investments to build and expand 5G
solutions, Airspan believes it is well-positioned with 5G indoor
and outdoor, Open RAN, private networks for enterprise customers
and industrial use applications, fixed wireless access (FWA),
Air-To-Ground, Neutral Host Networks and Utilities solutions to
help mobile network operators of all sizes deploy their networks of
the future, today. With over one million cells shipped to 1,000
customers in more than 100 countries, Airspan has global scale. On
the Web: http://www.airspan.com/  

Airspan Networks sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Lead Case No. 24-10621) on March
31, 2024. In the petition filed by Glenn Laxdal, as president and
chief executive officer, the Debtor reports total assets as of
Sept. 30, 2023 amounting to $58,965,000 and total debts as of Sept.
30, 2023 of $176,745,000.

The Honorable Bankruptcy Judge Thomas M. Horan oversees the case.

Dorsey & Whitney LLP is serving as legal counsel to Airspan. VRS
Restructuring Services, LLC is serving as Airspan's financial
advisor and Intrepid Investment Bankers LLC is serving as Airspan's
investment banker. Epiq is the claims agent.


ALLSPRING BUYER: Fitch Affirms 'BB-' LongTerm IDR, Outlook Negative
-------------------------------------------------------------------
Fitch Ratings has affirmed the Long-Term Issuer Default Rating
(IDR) and senior secured debt rating of Allspring Buyer LLC
(Allspring) at 'BB-'. The Rating Outlook remains Negative.

Key Rating Drivers

Negative Outlook: The Negative Outlook reflects leverage and
interest coverage pressure, with gross debt to fee-related EBITDA
(FEBITDA) at 5x for the trailing 12 months (TTM) ended June 30,
2024 and interest coverage at 1.9x. These compare to Fitch's
downgrade triggers of 5x and 2x, respectively.

Downside risk to Allspring's earnings generation persists in the
current competitive operating environment. However, recently
initiated cost rationalization efforts could support improved
EBITDA generation and lead to improvements in leverage and interest
coverage in the near term. A downgrade could result if Allspring
fails to execute against management's near-term financial targets
to provide a cushion to downgrade triggers in the coming quarters.

Allspring's ratings are supported by its mid-tier franchise as a
traditional investment manager (IM), appropriate AUM
diversification by asset class, product and distribution channel
and a scalable business model. The ratings also reflect its
cash-generative business model and a long-term distribution
agreement with Wells Fargo & Co.(Wells Fargo; A+/Stable) expiring
in 2028.

The ratings are constrained by Allspring's limited track record as
a standalone IM post spin-off from Wells Fargo. Its private equity
ownership also introduces some uncertainty about the company's
future financial policies and the potential for more opportunistic
growth strategies. In addition, profitability margins, cash flow
leverage and interest coverage compare unfavorably with
higher-rated IM peers and liquidity remains limited.

Evolving AUM Base: At June 30, 2024, AUM amounted to $505 billion,
up from $485 billion one year ago, with the increase driven
exclusively by asset revaluations. For the TTM ended 2Q24,
Allspring registered net outflows of 0.6% of AUM while outflows
have averaged 3.4% since the spin-off from Wells Fargo in 2021.

All transition workstreams related to the spin-off from Wells Fargo
were completed by July 2024 and Fitch expects Allspring's ongoing
investments into distribution platforms and product refinements to
improve net flow stability. However, overall asset performance
remains susceptible to volatility, given that liquidity products,
which Fitch considers somewhat transitory in nature and more
sensitive to market demand, accounted for nearly 40% of AUM at
2Q24.

Cost Rationalization Supports EBITDA: Allspring's TTM FEBITDA
margin was 19.3% at 2Q24, which is weaker when compared with the
20.3% average since the spin-off. Profitability is below that of
larger publicly rated peers and at the low end of Fitch's 'bbb'
category benchmark range of 20%-30%. Fitch's FEBITDA metric does
not include performance fees and is also adjusted for non-recurring
costs; however, this metric is sensitive to cost overruns and
Fitch's reclassification of these costs as recurring.

Allspring initiated a targeted cost rationalization program at the
beginning of 2024, which is projected to unlock cumulative cost
savings of $44 million in 2024 and $11 million in 2025. Fitch
considers Allspring's targeted cost savings for 2024 and 2025 as
attainable, given that these initiatives, including a rightsizing
of its workforce, have already been executed and savings will be
realized in the coming months. Future FEBITDA generation should
also benefit from a better aligned cost structure, as transition
costs, which totaled $96 million in 2023, fall away and are
absorbed within Allspring's own operations.

Leverage as a Rating Constraint: Cash flow leverage (gross debt to
FEBITDA) was weak 5x on a TTM 2Q24 basis, which although improved
from the 5.6x at YE23 remains on par with Fitch's downgrade trigger
of 5x. Fitch does not expect additional debt issuance, but leverage
will remain sensitive to declines in FEBITDA, resulting from a
reduction in AUM. Allspring is committed to reducing and sustaining
leverage below 5x, which is supported by systemic improvements to
its cost base as well as a more measured approach to distributions,
with no non-tax distributions forecast for the foreseeable future.
Allspring's equity position turned negative in 2023, with a $77
million non-cash impairment on intangible assets and higher
separation costs driving a net loss of $144 million for the year.
Fitch expects Allspring to restore a positive capital position in
the coming quarters through retained earnings accumulation.

Failure to sustainably reduce leverage to below 5x and restore a
positive capital position could result in a ratings downgrade.

Weak Interest Coverage; Limited Liquidity: Due to Allspring's high
debt burden, debt service costs are high and constrain its
financial flexibility. Interest coverage on a TTM 2Q24 basis was
1.9x, down from 2.3x one year ago and now below Fitch's downgrade
trigger of 2.0x. Improved FEBITDA generation should support an
increase in interest coverage above 2x in the near term; however,
weak interest coverage will remain a rating constraint for the
foreseeable future.

Liquidity as of June 30, 2024 was limited, comprising $84 million
in balance sheet cash and $170 million in revolver capacity, with
availability on the revolver subject to a net leverage covenant of
6.5x at 35% utilization. There are no term debt maturities until
2027, but the secured term loan has a 1% annual amortization
requirement.

ESG - Governance Structure: Potential exposure to opportunistic
growth strategies (arising from Allspring's private equity
ownership) as well as execution risk associated with establishing
the firm as a standalone business post the Wells Fargo separation
negatively affects Fitch's assessment of Allspring's governance
structure relative to more established peers. The achievement of
envisioned cost savings and deleveraging risk also affect the
assessment.

RATING SENSITIVITIES

Factors that Could, Individually or Collectively, Lead to Negative
Rating Action/Downgrade

- Failure to sustainably improve interest coverage above 2.0x or a
notable decline in available balance sheet liquidity;

- An inability to reduce cash flow leverage sustainably below 5.0x
by over the near term;

- Sustained material investment underperformance or meaningful
long-term AUM outflows;

- An inability to execute on the operating strategy, leading to
excessive costs or operational failures, or a decline in the
FEBITDA margin below 10%.

Factors that Could, Individually or Collectively, Lead to Positive
Rating Action/Upgrade

A revision of the Outlook to Stable would be driven by the
sustained improvement in interest coverage above 2x and reduction
in leverage below 5x;

Beyond that, positive rating action over time could result from:

- A stabilization in FAUM and the FEBITDA margin;

- A sustained improvement in reported cash flow leverage below
4.5x;

- Sustained interest coverage above 3.0x;

- Favorable investment performance and material improvements of net
flows, in particular, long-term net client flows;

- A sustained sound execution against management's business plan
and financial targets, in particular pertaining to EBITDA
generation and AUM.

DEBT AND OTHER INSTRUMENT RATINGS: KEY RATING DRIVERS

The secured debt rating is equalized with Allspring's Long-Term
Issuer Default Rating (IDR), reflecting the current funding mix and
Fitch's expectations for average recovery prospects under a
stressed scenario.

DEBT AND OTHER INSTRUMENT RATINGS: RATING SENSITIVITIES

The secured debt rating is primarily sensitive to changes in
Allspring's Long-Term IDR, and secondarily to material changes in
Allspring's funding mix or changes in Fitch's assessment of the
recovery prospects for the debt instrument.

ADJUSTMENTS

- The Standalone Credit Profile (SCP) has been assigned
above/below/in line with the implied SCP.

- The Business Profile score has been assigned below the implied
score due to the following adjustment reason: Market position
(negative).

- The Asset Performance score has been assigned below the implied
score due to the following adjustment reason: Historical and future
metrics (negative).

- The Earnings and Profitability score has been assigned below the
implied score due to the following adjustment reason: Earnings
stability (negative).

- The Funding, Liquidity and Coverage score has been assigned below
the implied score due to the following adjustment reason:
Historical and future metrics (negative).

ESG Considerations

Allspring Buyer LLC has an ESG Relevance Score of '5' for
Governance Structure due to private equity ownership, which may
result in more opportunistic growth strategies or
shareholder-friendly financial policies, which has a negative
impact on the credit profile, and is highly relevant to the ratings
resulting in a lower Long-Term IDR.

Allspring Buyer LLC has an ESG Relevance Score of '4' for Financial
Transparency due to the sensitivity of the rating to alignment of
audited financial data with management representations, which has a
negative impact on the credit profile, and is relevant to the
ratings in conjunction with other factors.

Allspring Buyer LLC has an ESG Relevance Score of '4' for
Management Strategy due to the execution risk associated with
establishing the firm as a standalone business, achievement of
envisioned cost savings and deleveraging, which has a negative
impact on the credit profile, and is relevant to the ratings in
conjunction with other factors.

The highest level of ESG credit relevance is a score of '3', unless
otherwise disclosed in this section. A score of '3' 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. Fitch's ESG Relevance Scores are not
inputs in the rating process; they are an observation on the
relevance and materiality of ESG factors in the rating decision.

   Entity/Debt              Rating           Prior
   -----------              ------           -----
Allspring Buyer LLC   LT IDR BB-  Affirmed   BB-

   senior secured     LT     BB-  Affirmed   BB-


ALRACHID LLC: Hires Ronald Roman Auction Co. as Appraiser
---------------------------------------------------------
Alrachid, LLC seeks approval from the U.S. Bankruptcy Court for the
Northern District of Ohio to employ Ronald Roman Auction Co. as
appraiser.

The firm will preform general appraisal services.

The firm will be paid a flat fee of $500 for the appraisal
services.

Ron Roman, a partner at Ronald Roman Auction Co., disclosed in a
court filing that the firm is a "disinterested person" as the term
is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Ron Roman
     Ronald Roman Auction Co.
     11845 Mahoning Ave.
     North Jackson, OH 44451
     Tel: (330) 727-3760

              About Alrachid, LLC

Alrachid LLC sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ohio Case No. 24-12309) on June 11,
2024, with $100,001 to $500,000 in both assets and liabilities.

Judge Suzana Krstevski Koch presides over the case.

Frederic P. Schwieg, Esq., represents the Debtor as legal counsel.


ALTAHIR INC: Seeks to Hire Herrin Law PLLC as Counsel
-----------------------------------------------------
Altahir Inc. seeks approval from the U.S. Bankruptcy Court for the
Northern District of Texas to employ Herrin Law PLLC as counsel.

The firm's services include:

     a. providing legal advice with respect to his powers and
duties as debtor-in-possession;

     b. preparing and pursuing confirmation of a plan and approval
of a disclosure statement;

     c. preparing on behalf of the Debtors necessary applications,
motions, answers, orders, reports and other legal papers;

     d. appearing in Court and protecting the interest of the
Debtor before the Court; and

     e. performing all other legal services for the Debtor which
may be necessary and proper in these proceedings.

The firm will be paid at these rates:

     Manolo Santiago     $400 per hour
     Attorney            $300 per hour
     Paralegal           $125 to 190 per hour

The firm will be paid a retainer in the amount of $10,000.

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Manolo Raphael Santiago, Esq., a managing attorney at Herrin Law
PLLC, disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     Manolo Raphael Santiago
     Herrin Law, PLLC
     12001 N Central Expressway, Suite 920
     Dallas, TX 75243
     Tel: (469) 607-8551
     Fax: (214) 722-0271

              About Altahir Inc.

Altahir Inc. filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. N.D. Texas Case No. 24-32399) on August 12,
2024, with $100,001 to $500,000 in assets and $500,001 to $1
million in liabilities.

Judge Scott W. Everett presides over the case.

Daniel Herrin, Esq., at Herrin Law, PLLC represents the Debtor as
legal counsel.


AQUA METALS: Inks $30MM ATM Sales Agreement With Benchmark
----------------------------------------------------------
Aqua Metals, Inc. disclosed in a Form 8-K Report filed with the
U.S. Securities and Exchange Commission that on August 30, 2024,
the Company entered into an ATM Sales Agreement with The Benchmark
Company, LLC under which the Company may offer and sell, from time
to time at its sole discretion, shares of its common stock, par
value $0.001 per share, to or through Benchmark as its sales agent.
The Company has filed a prospectus supplement pursuant to the Sales
Agreement for the offer and sale of its Common Stock having an
aggregate offering price of up to $30,000,000.

Pursuant to the Sales Agreement, sales of the Common Stock, if any,
will be made under the Company's previously filed and effective
Registration Statement on Form S-3 (File No. 333-267780) and an
applicable prospectus supplement, by any method that is deemed to
be an "at the market offering" as defined in Rule 415(a)(4) under
the Securities Act of 1933, as amended. Subject to the terms and
conditions of the Sales Agreement, the Agent may sell the Common
Stock by any method permitted by law deemed to be an "at the market
offering" as defined in Rule 415(a)(4) under the Act. The Agent
will use commercially reasonable efforts to sell the Common Stock
from time to time, based upon instructions from the Company
(including any price, time or size limits or other customary
parameters or conditions the Company may impose). The Company will
pay the Agent a commission of 2.5% of the gross sales proceeds of
any Common Stock sold through the Agent under the Sales Agreement,
and also has provided the Agent with certain indemnification
rights. The Company will also reimburse the Agent for certain
specified expenses in connection with entering into the Sales
Agreement up to a maximum of $27,500.

                         About Aqua Metals

Aqua Metals, Inc. (NASDAQ: AQMS) -- https://www.aquametals.com/ --
is reinventing metals recycling with its patented AquaRefining
technology. The company is pioneering a sustainable recycling
solution for materials critical to energy storage and electric
vehicle manufacturing supply chains. Aqua Metals is based in Reno,
Nevada, and operates the first sustainable lithium battery
recycling facility at its Innovation Center in the Tahoe-Reno
Industrial Center.

As of June 30, 2024, the Company had $33.66 million in total
assets, $8.45 million in total liabilities, and $25.21 million in
total stockholders' equity.

                           Going Concern

In its Form 10-Q Report for the quarterly period ended March 31,
2024, the company cautioned that substantial doubt exists about its
ability to continue as a going concern for the next 12 months. The
company cited a lack of revenue from commercial operations,
significant losses, and the need for additional capital as reasons
for this concern. Aqua Metals intends to seek funds through the
sale of equity or debt financing, acknowledging that equity
financing may be dilutive. If financing is not available on
satisfactory terms, the company may be unable to further pursue its
business plan and continue operations.


AQUA METALS: Terminates ATM Sales Agreement With B. Riley
---------------------------------------------------------
Aqua Metals, Inc. disclosed in a Form 8-K Report filed with the
U.S. Securities and Exchange Commission that on August 29, 2024,
the Company provided notice to B. Riley FBR, Inc. to terminate
their sales agreement, effective September 3, 2024.

The Company is a party to an At The Market Issuance Sales
Agreement, dated June 5, 2020, with B. Riley, pursuant to which the
Company could offer and sell from time to time through B. Riley, as
its agent, shares of the Company's Common Stock. The Company did
not incur any termination penalties as a result of the termination
of the sales agreement.

                         About Aqua Metals

Aqua Metals, Inc. (NASDAQ: AQMS) -- https://www.aquametals.com/ --
is reinventing metals recycling with its patented AquaRefining
technology. The company is pioneering a sustainable recycling
solution for materials critical to energy storage and electric
vehicle manufacturing supply chains. Aqua Metals is based in Reno,
Nevada, and operates the first sustainable lithium battery
recycling facility at its Innovation Center in the Tahoe-Reno
Industrial Center.

As of June 30, 2024, the Company had $33.66 million in total
assets, $8.45 million in total liabilities, and $25.21 million in
total stockholders' equity.

                           Going Concern

In its Form 10-Q Report for the quarterly period ended March 31,
2024, the company cautioned that substantial doubt exists about its
ability to continue as a going concern for the next 12 months. The
company cited a lack of revenue from commercial operations,
significant losses, and the need for additional capital as reasons
for this concern. Aqua Metals intends to seek funds through the
sale of equity or debt financing, acknowledging that equity
financing may be dilutive. If financing is not available on
satisfactory terms, the company may be unable to further pursue its
business plan and continue operations.


AQUA POOL: Seeks to Hire TCB Tax and Bookkeeping as Accountant
--------------------------------------------------------------
Aqua Pool Care, Inc. seeks approval from the U.S. Bankruptcy Court
for the District of Southern Carolina to hire TCB Tax and
Bookkeeping, LLC as accountant.

The firm will assist the Debtor in completing all the necessary
bookkeeping and tax reporting for the Debtor.

The firm will be paid at $350 per month.

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Jacqueline Reynolds, a partner at TCB Tax and Bookkeeping, LLC,
disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     Jacqueline Reynolds
     TCB Tax and Bookkeeping, LLC
     6717 Highway 76
     Pendleton, SC 29670
     Tel: (864) 646-7555

                About Aqua Pool Care

Aqua Pool Care, Inc. specializes in building custom inground
swimming pools, swimming pool repair, vinyl liner replacement,
swimming pool renovation, including deck and tile work, and weekly
and bi-weekly swimming pool cleaning service. The company is based
in Easley, S.C.

Aqua Pool Care filed a petition under Chapter 11, Subchapter V of
the Bankruptcy Code (Bankr. D. S.C. Case No. 24-02858) on August 5,
2024, with $796,612 in assets and $1,215,376 in liabilities.
Richard K. Bishop, president, signed the petition.

Judge Helen E. Burris presides over the case.

W. Harrison Penn, Esq., at Penn Law Firm, LLC represents the Debtor
as bankruptcy counsel.


ARAMSCO INC: Moody's Cuts CFR & Sec. First Lien Term Loan to 'Caa1'
-------------------------------------------------------------------
Moody's Ratings downgraded Aramsco, Inc.'s corporate family rating
to Caa1 from B3, its probability of default rating to Caa1-PD from
B3-PD and its backed senior secured 1st lien term loan and backed
senior secured 1st lien delayed draw term loan to Caa1 from B3. The
outlook is stable.

The downgrades reflect weakened liquidity and operating
performance. The company has experienced lower demand for its
products which has led to declines in organic revenue pro forma for
the previous acquisitions. At the same time, working capital
deficits and higher costs to improve business operations have led
to free cash flow deficits and higher asset-based lending revolver
(ABL) usage. Moody's expect ABL availability to be in the $40
million range over the next 12-18 months. The downgrade also
reflects governance considerations highlighted by aggressive
financial strategies including frequent acquisitions and high costs
to improve the business which will limit debt repayment. Moody's
expect Moody's adjusted debt/EBITDA will trend towards 8x over the
next 12-18 months. While Moody's expectation is for free cash flow
to improve in 2025, there is risk that deficits persist into 2025
if business conditions do not improve and operational improvement
costs remain high.

The stable outlook reflects a lack of near term debt maturities and
Moody's view that Aramsco will maintain adequate liquidity
including sufficient availability under its ABL and an improvement
of free cash flow generation.

RATINGS RATIONALE

Aramsco's Caa1 CFR is constrained by its high leverage, negative
free cash flow and small scale. The rating is also constrained by
Aramsco's acquisitive growth strategy which comes with execution
and integration risk. Aramsco's industry is very fragmented which
also increases the likelihood of future consolidation.

However, the rating is supported by the company's successful track
record of integrating its past acquisitions. Aramsco has a strong
position as a distributor to specialty contractors and facility
maintenance professionals which supports the rating. While some of
its products are susceptible to cyclicality, the essential and
consumable nature of its products is a partial mitigant. The rating
is also supported by the company's extensive product offering with
over 45,000 SKUs, end market diversity and geographic diversity.
Aramsco's liquidity position, albeit weakening, is adequate and
supported by lack of near-term maturities and ABL availability that
is expected to be in the $40 million range over the next 12-18
months.

ESG CONSIDERATIONS

Moody's lowered Aramsco's credit impact score to CIS-5 from CIS-4
and its governance issuer profile score to G-5 from G-4, reflecting
increased governance risk in financial strategy and risk
management. Aramsco's leverage has remained elevated since it was
acquired by American Securities in October 2023. The company also
heavily relies on its ABL facility to cover working capital swings
while also actively pursuing acquisitions and spending on business
improvement initiatives. Therefore, Moody's view the risks from
management credibility and track record risk has increased
reflecting the elevated execution risk to show solid evidence of
positive free cash flow generation and less reliance on the ABL
facility.

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

The ratings could be upgraded if the company demonstrates profit
growth and improved liquidity through a return to positive free
cash flow and reduced revolver borrowings. An upgrade would also
require a balanced financial policy that allows the company to
maintain Moody's adjusted debt/EBITDA below 6.5x and EBITA/interest
expense above 1.25x.

Factors that could result in a downgrade include sustained profit
declines, a deterioration in liquidity or any increase in the
probability of default.

Headquartered in Radnor, PA, Aramsco is a distributor of
restoration, abatement, facility maintenance, traffic safety,
professional cleaning, surface preparation, and stone care products
selling to specialty contractors and facility maintenance
professionals throughout the US and Canada. Revenue for the 12
months period ended March 31, 2024 was over $600 million. The
company is owned by American Securities LLC.

The principal methodology used in these ratings was Distribution
and Supply Chain Services published in February 2023.


ARCH THERAPEUTICS: Laurence Hicks Steps Down as Board Member
------------------------------------------------------------
Arch Therapeutics, Inc. disclosed in a Form 8-K Report filed with
the U.S. Securities and Exchange Commission that Laurence Hicks
notified the board of directors of the Company of his decision to
resign as a member of the Board, effective August 28, 2024. There
are no disagreements of any kind between the Company and Mr. Hicks
related to his resignation as a director or otherwise.

                    About Arch Therapeutics Inc.

Framingham, Mass.-based Arch Therapeutics, Inc. is a biotechnology
company developing and marketing products based on its innovative
AC5 self-assembling technology platform.

Los Angeles, Calif.-based Weinberg & Company, P.A., the Company's
auditor since 2024, issued a "going concern" qualification in its
report dated February 14, 2024, citing that during the year ended
September 30, 2023, the Company incurred a net loss and utilized
cash flows in operations, and has had recurring losses since
inception. These conditions raise substantial doubt about the
Company's ability to continue as a going concern.

For the year ended September 30, 2023, Arch Therapeutics recorded a
net loss of $6,982,836. As of June 30, 2024, the Company had
$1,397,644 in total assets, $13,958,210 in total current
liabilities, and $12,560,566 in total stockholders' deficit.


ATHENA MEDICAL: Hires Dorsey & Whitney LLP as Special Counsel
-------------------------------------------------------------
James E. Cross, the Trustee for Athena Medical Group, LLC, seeks
approval from the U.S. Bankruptcy Court for the District of Arizona
to employ Dorsey & Whitney LLP as special litigation counsel.

The firm will act as special litigation counsel to prosecute claims
and causes of action on behalf of the Debtor with respect to
Adversary Proceeding No. 2:23-ap-00057-BKM (the "Adversary
Proceeding") currently pending before the Bankruptcy Court, and
defend the Counterclaims filed therein.

The firm will be paid at these rates:

     Associates, Counsel and Partners   $430 to $685
     Isaac Gabriel                      $685 per hour

The firm received an advance retainer in the amount of $200,000.

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Isaac M. Gabriel, Esq., a partner at Dorsey & Whitney LLP,
disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     Isaac M. Gabriel, Esq.
     Michael Galen, Esq.
     Alissa Brice Castaneda, Esq.
     Dorsey & Whitney LLP
     2325 E Camelback Rd, Ste 300
     Phoenix, AZ 85016
     Tel: (602) 735-2700
     Email: Gabriel.isaac@dorsey.com
            Galen.michael@dorsey.com
            Castaneda.Alissa@dorsey.com

              About Athena Medical Group, LLC

Athena Medical Group, LLC -- https://athenamedgroup.com/ --
provides primary care, transitional care, chronic care management,
remote patient monitoring, and telehealth services. The company is
based in Phoenix, Ariz.

Athena Medical Group filed a petition for relief under Subchapter
V
of Chapter 11 of the Bankruptcy Code (Bankr. D. Ariz. Case No.
23-01635) on March 16, 2023, with total assets of $3,843,022 and
total liabilities of $12,707,798. James E. Cross has been appointed
as Subchapter V trustee.

Judge Brenda K. Martin oversees the case.

The Debtor tapped the Law Office of Mark J. Giunta as bankruptcy
counsel; and Ball, Santin & McLeran and Simmons & Gottfried, PLLC,
as special counsels.


ATOMIC TATTOOS: Jerrett McConnell Named Subchapter V Trustee
------------------------------------------------------------
The U.S. Trustee for Region 21 appointed Jerrett McConnell, Esq.,
at McConnell Law Group, P.A. as Subchapter V trustee for Atomic
Tattoos - Central Florida, LLC.

Mr. McConnell will be paid an hourly fee of $350 for his services
as Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

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

The Subchapter V trustee can be reached at:

     Jerrett M. McConnell, Esq.
     McConnell Law Group, P.A.
     6100 Greenland Rd., Unit 603
     Jacksonville, FL 32258
     Phone: (904) 570-9180
     Email: info@mcconnelllawgroup.com

                       About Atomic Tattoos

Atomic Tattoos - Central Florida, LLC sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No.
24-04417) on August 22, 2024, with up to $50,000 in assets and up
to $500,000 in liabilities.

Judge Tiffany P. Geyer oversees the case.

Jeffrey Ainsworth, Esq., at Bransonlaw, PLLC represents the Debtor
as legal counsel.


AVIENT CORP: S&P Rates New $650MM Senior Unsecured Notes 'BB-'
--------------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issue-level rating and '5'
recovery rating to Avient Corp.'s proposed $650 million senior
unsecured notes due 2031. The '5' recovery rating indicates S&P's
expectation for modest (10%-30%; rounded estimate: 15%) recovery in
the event of a payment default. S&P expects the company will use
proceeds from the new unsecured notes, along with a small amount of
balance sheet cash, to fully repay its existing senior unsecured
notes due 2025 and pay fees and expenses related to the
transaction.

S&P said, "The transaction is leverage neutral, and we continue to
expect management will prioritize deleveraging over share
repurchases or debt-funded acquisitions in the near term. We
forecast S&P Global Ratings-adjusted EBITDA will increase by over
10% in 2024, driven by improving underlying demand in less cyclical
packaging and consumer end markets, raw material deflation, and
stable pricing. This should result in credit metrics that remain
within our expected range for the rating (funds from operations to
debt between 20% and 30%) over the next two years. Avient's
liquidity position remains strong. Following the refinancing, the
company will have about $480 million of balance sheet cash, $245
million of availability under its senior secured revolving credit
facility due in 2026, and no other material debt maturities until
2029. Our 'BB' issuer credit rating, 'BB+' issue-level rating on
the company's senior secured debt, and stable outlook are
unchanged."

ISSUE RATINGS - RECOVERY ANALYSIS

Key analytical factors

-- S&P values Avient on a going-concern basis using a 5.5x
multiple of its projected emergence EBITDA. The 5.5x multiple is
consistent with similarly rated specialty chemical peers such as
Element Solutions Inc. and Minerals Technologies Inc.

-- S&P's simulated default scenario assumes the company's
operating performance significantly deteriorates in the wake of a
protracted economic downturn, leading to a sustained decline in the
end-market demand for its products. Given this scenario, Avient's
EBITDA margins would shrink and decline to levels incompatible with
meeting its fixed-charge obligations (including interest expense,
scheduled debt amortization, and maintenance capital expenditure).

Simulated default assumptions

-- Year of default: 2029
-- EBITDA at emergence: $221 million
-- EBITDA multiple: 5.5x

Simplified waterfall

-- Gross recovery value: $1.2 billion

-- Net recovery value (after 5% administrative costs): $1.15
billion

-- Valuation split (obligors/nonobligors): 40%/60%

-- Total priority claims: $293 million

-- Collateral available to secured creditors: $634 million

-- Secured first-lien debt: $716 million

    --Recovery expectations: 70%-90% (rounded estimate: 85%)

-- Total value available to unsecured claims: $242 million

-- Senior unsecured debt and deficiency claims: $1.520 billion

    --Recovery expectations: 10%-30% (rounded estimate: 15%)



BAKERS DEPOT: Court Wants Parties to Outline Next Path in Case
--------------------------------------------------------------
In the case captioned as BAKEMARK USA LLC, Plaintiff, -against-
BRIAN NEGRON, et al., Defendants, Case No. 23-CV-2360 (AT) (BCM)
(S.D.N.Y.), Magistrate Judge Barbara Moses of the United States
District Court for the Southern District of New York directed the
parties to file a joint status letter no later than October 1,
2024, as discussed on the record during the September 5 status
conference.

In their letter, the parties must address:

     (i) whether and when they plan to pursue discovery in this
action;

    (ii) whether and when they anticipate motion practice with
respect to arbitration; and

   (iii) whether and when they seek a mediation referral or a
judicially supervised settlement conference.

In addition, they must propose a date for defendants to answer
plaintiff's complaint.

According to the parties' joint status letter dated August 22,
2024, Plaintiff BakeMark states it intends to pursue its damages
claims against individual defendants Brian Negron and Jose Negron
in arbitration, and that it is "exploring" the legal bases for a
motion to compel corporate defendants Bakers Depot, LLC --
currently the subject of Chapter 11 proceeding in the United States
Bankruptcy Court for the District of New Jersey and hence protected
by the bankruptcy stay -- and JB Freight LLC to arbitrate as well.
However, BakeMark does not provide any timeline for its efforts to
move all or some of the defendants into arbitration.

Defendants, for their part, note that Bakers Depot and JB Freight
did not sign arbitration agreements, and suggest that they will
oppose any motion to compel those corporate defendants to
arbitrate.

Meanwhile, defendants propose that the Court refer the parties to
mediation. BakeMark, however, states that mediation would likely be
ineffective until it has obtained a more robust response to various
discovery requests it made to BakeMark in the Bankruptcy Court.
Once again, BakeMark does not provide any estimate as to when it
expects that discovery dispute to be resolved.

After reviewing the joint status letter, Judge Moses on August 27
entered an order, a copy of which is available at
https://urlcurt.com/u?l=C40qJu , scheduling the September 5 status
conference so the parties can discuss the status of the bankruptcy
proceeding, including the parties' expectations as to when the
discovery dispute will be resolved, when a plan of reorganization
will be approved, and when the automatic stay will be lifted; as
well as the next steps in the District Court if the dispute is not
referred to mediation, keeping in mind that a party may be "deemed
to have waived its right to arbitration if it engages in protracted
litigation that results in prejudice to the opposing party."

                    About Bakers Depot

Bakers Depot, LLC, is a wholesale food distributor specializing in
bakery ingredients.

The Debtor filed a Chapter 11 petition (Bankr. D.N.J. Case No.
23-17425) on Aug. 25, 2023, with $500,000 to $1 million in assets
and $1 million to $10 million in liabilities.  Brian Negron,
president, signed the petition.

Vincent Roldan, Esq., at Mandelbaum Barrett, PC, is the Debtor's
legal counsel.



BAUSCH HEALTH: Alex Meruelo Holds 9.97% Equity Stake
----------------------------------------------------
Alex Meruelo disclosed in a Schedule 13G Report filed with the U.S.
Securities and Exchange Commission that as of June 26, 2024, he
beneficially owned 36,613,058 shares of Bausch Health Companies
Inc's common stock, representing 9.97% of the shares outstanding,
calculated based upon an aggregate of 367,102,862 Shares
outstanding as of July 26, 2024, as reported in the Bausch Health's
Quarterly Report on Form 10-Q for the quarterly period ended June
30, 2024, filed with the Securities and Exchange Commission on
August 1, 2024.

As of June 26, 2024, because Mr. Meruelo is the sole trustee of the
Trust and sole shareholder of Monterey, and because of the family
relationships, Mr. Meruelo may have been deemed the beneficial
owner of 18,358,248 Shares.  This amount consists of (i) 17,382,279
Shares held for the account of the Trust, (ii) 728,900 Shares held
for the account of Monterey, (iii) 175,000 Shares in the account of
Liset Meruelo, (iv) 5,000 Shares in the joint account of Liset
Meruelo and her mother, (v) 20,974 Shares in the account of
Alexander Meruelo, (vi) 31,095 Shares in the account of Alexis
Meruelo and (vii) 15,000 Shares in the account of Lisette Meruelo.

A full-text copy of Mr. Meruelo's SEC Report is available at:


                  https://tinyurl.com/3vpccj3t

                About Bausch Health Companies Inc.

Bausch Health Companies Inc. develops drugs for unmet medical needs
in central nervous system disorders, eye health, and
gastrointestinal diseases, as well as contact lenses, intraocular
lenses, ophthalmic surgical equipment, and aesthetic devices.

As of March 31, 2024, the Company had $26.91 billion in total
assets, $27.09 billion in total liabilities, and $174 million in
total deficit.

                          *     *     *

In April 22, 2024, S&P Global Ratings raised its issuer credit
rating on Bausch Health Cos. Inc. to 'CCC+' from 'CCC'. S&P also
raised its issue-level ratings on the senior secured debt to 'B-'
from 'CCC+', and its ratings on the second-lien notes and unsecured
notes to 'CCC' from 'CCC-'.

The negative outlook reflects the risk that Bausch Health could
pursue distressed exchanges as it approaches its sizable debt
maturities.

S&P said, "Our upgrade reflects Bausch Health's recent favorable
outcome in the patent challenge to Xifaxan. On April 11, 2024, the
U.S. Court of Appeals for the Federal Circuit upheld a previous
court decision that bars the Food and Drug Administration from
approving the abbreviated new drug application (ANDA) submitted by
Alvogen Pharma US Inc. subsidiary Norwich Pharmaceuticals. We view
this as significantly credit positive for Bausch because we do not
believe there are sufficient candidates in the development pipeline
to cover the material loss of Xifaxan sales from a near-term
generic launch. Our base-case scenario no longer assumes an at-risk
launch of a generic in 2024 or 2025. However, Xifaxan faces other
patent challenges that could result in a generic launch ahead of
the latest patent expiry in 2029, including a recently submitted
ANDA by Amneal. We believe any new ANDA filings would be subject to
a 30-month stay and that the earliest possible launch of a generic
would be in late 2026."

"Furthermore, we believe that this court decision makes the
separation of subsidiary Bausch + Lomb Corp. (B+L) more likely. The
company appears committed to completing the spin-off as soon as
possible, which we view as a credit negative given our expectation
for a pro forma increase in leverage and reduction in scale and
diversity. We continue to believe Bausch Health could have trouble
refinancing its sizable debt maturities as they come due,
especially if it completes the spin-off. Management has indicated
that Bausch Health will do so once leverage for remaining entities
(remainco) hits 6.7x, which we estimate it will reach and sustain
during 2024. We expect remainco adjusted leverage to remain high at
above 5x through 2027, giving Bausch insufficient flexibility to
rebuild its pipeline ahead of Xifaxan's eventual loss of
exclusivity."

"The decision lowers the likelihood of a below-par debt exchange,
but not entirely removed due to distressed trading levels. The
longer-dated unsecured notes continue to trade at 40-70 cents on
the dollar (yielding 18%-26%), which we view as highly distressed.
We think Bausch Health still could look to capture this significant
discount ahead of its upcoming maturities, especially if the
spin-off is completed. We would likely view any debt repurchases or
exchanges on the distressed debt as tantamount to a default."

Despite its challenges, the company performed well in 2023. All
segments of the consolidated company expanded on a reported and
organic basis in the fourth quarter of 2023. Full-year revenue
growth was approximately 8%, exceeding the high point of
management's previously provided guidance. On a consolidated basis,
adjusted debt to EBITDA was 7.5x as of Dec. 31, 2023, up slightly
from 7.2x in 2022, driven by B+L's debt-funded acquisition of
Xiidra in the third quarter. S&P said, "Excluding B+L, we estimate
adjusted debt to EBITDA of approximately 7.6x. In 2024, we expect
consolidated debt to EBITDA to decline to 6.5x, driven by the
full-year impact of Xiidra and moderate cash accumulation."

S&P said, "Our negative outlook reflects the risk of distressed
exchanges as Bausch Health approaches sizable debt maturities over
the coming years."


BERGMAN DEVELOPMENT: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------------
The U.S. Trustee for Region 18 disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Bergman Development Partners, LLC.

                About Bergman Development Partners

Bergman Development Partners, LLC sought protection for relief
under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Wash. Case No.
24-11874) on July 29, 2024, listing $1 million to $10 million in
both assets and liabilities.

Judge Christopher M Alston presides over the case.

The Debtors tapped Amy Wilburn, Esq., at Gravis Law, PLLC as
bankruptcy counsel.


BERKSHIRE INVESTMENTS: Hires Robbins Dimonte Ltd. as Counsel
------------------------------------------------------------
Berkshire Investments LLC seeks approval from the U.S. Bankruptcy
Court for the Northern District of Illinois to employ Robbins
Dimonte, Ltd. as counsel.

The firm's services include:

     a. rendering legal advice with respect to the powers and
duties of the Debtor to continue to operate its business and manage
its property as debtor in possession;

     b. negotiating, preparing, and filing documents, and taking
such other actions as are appropriate in connection with conducting
an auction and seeking approval of a contemplated sale of
substantially all the Debtor's assets in a sale as a going concern
under Bankruptcy Code section 363;

     c. taking all necessary actions to protect and preserve the
estate of the Debtor, including the prosecuting actions on the
Debtor's behalf, the defense of any actions commenced against the
Debtor, negotiating all contested or adversarial matters in which
the Debtor is or becomes involved, and evaluating and—where
appropriate—objecting to claims filed against the
estate;

     d. preparing all necessary or appropriate applications,
motions, answers, orders, schedules, reports, and papers related to
the administration of the estate;

     e. appearing on behalf of the Debtor at all Court hearings in
connection with the Debtor's case;

     f. preparing various motions and other Court filings to enable
the Debtor to operate in the ordinary course of business as debtor
in possession and to wind down its affairs; and

    g. rendering legal advice and performing all other legal
services necessary or appropriate related to the foregoing or this
chapter 11 case generally.

The firm will be paid at these rates:

     Shareholders                      $450 to $695 per hour
     Associates                        $300 to $450 per hour
     Paralegals, Legal Assistants/
        Research Clerks                $175 to $250 per hour

The firm received a prepetition advance payment retainer in the
amount of $100,000.

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Steven R. Jakubowski, Esq., a partner at Robbins Dimonte, Ltd.,
disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     Steven R. Jakubowski, Esq.
     Robbins Dimonte, Ltd.
     180 N. LaSalle Street, Suite 3300
     Chicago, IL 60601
     Tel: (312) 782-9000
     Fax: (312) 456-0191
     Email: sjakubowski@robbinsdimonte.com
              About Berkshire Investments

Berkshire Investments, LLC, a company in Cicero, Ill., filed
Chapter 11 petition (Bankr. N.D. Ill. Case No. 24-11552) on August
8, 2024, with $1 million to $10 million in both assets and
liabilities.

Judge David D. Cleary oversees the case.

Steven R. Jakubowski, Esq., at Robbins Dimonte, Ltd. is the
Debtor's legal counsel.


BEX AESTHETIX: Hires JTC CPAs PLLC as Accountant
------------------------------------------------
Bex Aesthetix Boutique, Inc. dba Bex Laser Aesthetix seeks approval
from the U.S. Bankruptcy Court for the Northern District of Texas
to employ JTC CPAs PLLC as accountant.

The firm will provide these services:

   a. reconcile your bank account and check register, identify
errors and present a list of adjusting entries;

   b. review your payroll records and calculate your required
payroll tax deposit;

   c. calculate and prepare any sales tax prepayment & sales tax
return;

   d. record all income and expenses, make any adjusting journal
entries, and keep up to date and balanced general ledger;

   e. review the Quickbooks balance sheet and/or profit and loss
statement to you on a monthly/quarterly basis;

   f. quarterly, prepare any necessary state and federal payroll
tax returns and necessary sales tax returns;

   g. prepare any necessary quarterly sales tax returns; and

   h. annually, prepare all forms W-2, W-3, 1099 and 1096 forms, or
e-file the equivalent data on your behalf.

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

Jack Loteryman, a partner at JTC CPAs PLLC, disclosed in a court
filing that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Jack Loteryman
     JTC CPAs PLLC
     1105 W Lamar Blvd Ste 103
     Arlington, TX 76012
     Tel: (817) 231-0666

              About Bex Aesthetix Boutique, Inc.
                  dba Bex Laser Aesthetix

Bex Aesthetix Boutique, Inc. sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. N.D. Texas Case No. 24-42564) on
July 25, 2024, with $50,001 to $100,000 in assets and $500,001 to
$1 million in liabilities.

Judge Edward L. Morris presides over the case.

Robert Lane, Esq., at The Lane Law Firm, PLLC represents the Debtor
as bankruptcy counsel.


BIG RIG: Chapter 15 Case Summary
--------------------------------
Chapter 15 Debtor:        Big Rig Trailers & Leasing Inc.
                          2105 Carpenter St.
                          Abbotsford, Brit. Columbia V2T 6L9
                          Canada

Business Description:     Big Rig Trailers is Canada's one-stop
                          shop for tailer brands such as Vanguard,

                          Freightliner, Volvo, Western Star
                          Peterbilt etc.

Chapter 15 Petition Date: September 6, 2024

Court:                    United States Bankruptcy Court
                          Central District of California

Case No.:                 24-15309

Judge:                    Hon. Wayne E. Johnson

Foreign Proceeding:       Royal Bank of Canada vs. Big Rig
                          Trailers & Leasing, Inc., Supt. Ct.
                          of British Columbia, Vancouver Registry,
                          Case No. S244137

Foreign Representative:   Mark Wentzell
                          Grant Thornton Limited, solely as
                          receiver of the Debtor
                          333 Seymour St., Suite 1600
                          Vancouver, B.C. VB6 04A
                          Canada

Foreign
Representative's
Counsel:                  Jess R. Bressi, Esq.
                          DENTONS US LLP
                          4675 MacArthur Court, Suite 1250
                          Newport Beach CA 92660
                          Tel: (949) 241-8967
                          Email: Jess.Bressi@Dentons.com

Estimated Assets: Unknown

Estimated Debt: Unknown

A full-text copy of the Chapter 15 petition is available for free
at PacerMonitor.com at:

https://www.pacermonitor.com/view/7B5VNIA/Big_Rig_Trailers__Leasing_Inc__cacbke-24-15309__0001.0.pdf?mcid=tGE4TAMA


BION ENVIRONMENTAL: Secures $500K Financing From New Board Members
------------------------------------------------------------------
Bion Environmental Technologies, Inc. announced that it has
received a commitment from a group led by its three newest board
members for $500,000 in short-term financing.

Three affiliates of the Company (Greg Schoener, Interim COO and
Director; Turk Stovall, Director; Bob Weerts, Director) and two
shareholders (one of whom is the brother of Greg Schoener) have
agreed to advance to the Company, through a newly formed LLC (LLC)
up to $500,000 in consideration of a secured convertible promissory
note.

Details of the transaction will be available in an 8-K, to be filed
by the Company. However, the short-term facility will consist of a
note, convertible into shares at the terms of Bion's next offering.
Proceeds will be used to maintain the company's operations until a
larger offering can be completed.

Bion's new leadership intends to pursue both the Stovall Ranching
Company JV to produce premium Montana beef, and the standalone
opportunity to provide ammonia control solutions in the industrial
and municipal sectors.

Craig Scott, Bion's interim CEO, stated. "It's no secret we ran out
of both leadership and cash; but we are serious about putting the
train back on the tracks. The train – our technology – did not
break. In fact, it has exceeded expectations.

This new leadership group – Turk, Greg, and Bob – bring a
commercialization mindset and a no-nonsense approach that this
company needs. As we move forward with projects, they are the right
core team to keep us focused on our markets and moving in the right
direction."

                       About Bion Environmental

Headquartered in Old Bethpage, New York, Bion Environmental
Technologies, Inc.'s patented Ammonia Recovery System produces
organic and low-carbon nitrogen fertilizer products and clean water
from animal manure waste and other organic waste streams. It
supports the Gen3Tech system that will minimize environmental
impacts from CAFO/livestock waste, generate Renewable Natural Gas,
improve resource and production efficiencies, and produce the
'cleanest', most eco-friendly finished beef in the marketplace.
Bion is focused on developing state-of-the-art indoor cattle
feeding operations and providing solutions in the fast-growing
clean fuels industry. See Bion's website at
https://bionenviro.com.

                           Going Concern

The Company incurred a net loss of $2,002,000 and $2,507,000 for
the nine months ended March 31, 2024, and 2023, respectively. At
March 31, 2024, the Company has a working deficit and stockholders'
equity of approximately $4,290,000 and $3,355,000, respectively.
The Company has never generated significant operating revenues
(even though it earned a net income of $8,291,000 for the year
ended June 30, 2022) and incurred a net loss of approximately
($3,189,000) during the year ended June 30, 2023. The net income
for the year ended June 30, 2022, was largely due to a one-time,
non-cash event of the dissolution of Bion PA-1, LLC ("PA-1")
resulting in a gain of approximately $10,235,000, as well as a
one-time gain of $902,000 from the sale of the Company's
'biontech.com' domain pursuant to a purchase agreement during the
period. During the year ended June 30, 2023, the Company had debt
modifications that resulted in a reduction of debt of $3,516,000
and an increase in equity. The Company's lack of revenue and/or
operating profits, together with the low likelihood of generating
positive cash flow and/or net income during the next 12-24 months,
raise substantial doubt about the Company's ability to continue as
a going concern," the Company said in its Quarterly Report for the
period ended March 31, 2024.


BITTREX INC: Arabpour, et al. Case Withdrawn from Mediation
-----------------------------------------------------------
In the bankruptcy case of Bittrex Inc., the Honorable Jennifer L.
Hall of the United States District Court for the District of
Delaware accepted the recommendation from Magistrate Judge
Christopher J. Burke that the case captioned as ARABPOUR, et al.,
Appellants, v. THE PLAN ADMINISTRATOR, Appellee, Civil Action No.
24-714-JLH (D. Del.), be withdrawn from the mandatory referral for
mediation and proceed through the appellate court process.

Briefing on the bankruptcy appeal shall proceed in accordance with
the schedule set forth in the Order granting the Unopposed Motion
to Consolidate Appeals.

A copy of the Court's decision dated August 14, 2024, is available
at https://urlcurt.com/u?l=WR4RnD

                      About Bittrex Inc.

Bittrex is a regulated digital assets exchange platform.

Desolation Holdings and three of its affiliates filed voluntary
petitions for relief under Chapter 11 of the Bankruptcy Code
(Bankr. D. Del., Lead Case No. 23-10597) on May 8, 2023. Desolation
Holdings' debtor affiliates are Bittrex, Inc., Bittrex Malta
Holdings Ltd. and Bittrex Malta Ltd.  

At the time of filing, the Debtors estimated consolidated assets of
$500 million to $1 billion in assets and $500 million to $1 billion
in liabilities.

The Hon. Brendan Linehan Shannon presides over the cases.

Quinn Emanuel Urquhart & Sullivan, LLP, led by partner Patricia B.
Tomasco, is the Debtors' counsel.  Berkeley Research Group, LLC, is
the Debtors' restructuring advisor.  Omni Agent Solutions is the
claims agent.



BLACK OAK GLOBAL: Hits Chapter 11 Bankruptcy Protection
-------------------------------------------------------
Black Oak Global LLC filed Chapter 11 protection in the Central
District of California. According to court filing, the Debtor
reports between $1 million and $10 million in debt owed to 1 and 49
creditors. The petition states funds will be available to unsecured
creditors.

A meeting of creditors under 11 U.S.C. Section 341(a) is slated for
September 10, 2024 at 2:00 p.m. at UST-SA1, TELEPHONIC MEETING on
telephone conference line: 1-866-919-0527. participant access code:
2240227.

                     About Black Oak Global

Black Oak Global LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. C.D. Cal. Case No. 24-12016) on August 12,
2o24. In the petition filed by Ronald L. Meer, manager of Black Oak
Global, LLC, the Debtor reports estimated assets and liabilities
between $1 million and $10 million each.

The Debtor is represented by:

     Robert K. Kent, Esq.
     LAW OFFICES OF ROBERT K. KENT
     578 Washington Blvd., Suite 380
     Marina del Rey, CA 90292
     Tel: 310-597-1622
     Email: rkentlaw@gmail.com


BLOOMIN' BRANDS: Moody's Alters Outlook on 'Ba3' CFR to Stable
--------------------------------------------------------------
Moody's Ratings changed Bloomin' Brands, Inc.'s outlook to stable
from positive and affirmed its Ba3 corporate family rating and
Ba3-PD probability of default rating. At the same time, Moody's
downgraded Bloomin' Brands' backed senior secured revolving credit
facility to Ba2 from Ba1 and its senior unsecured global notes to
B2 from B1. The speculative grade liquidity rating (SGL) remains
unchanged at SGL-1.

The outlook change to stable reflects the negative impact on
Bloomin Brands' operating performance and credit metrics of the
challenging consumer environment. While the company's comparable
sales growth has modestly outpaced the overall industry, its
traffic has remained negative as consumers contend with higher
costs. Thus, the ability to increase prices to support growth as
consumer willingness and ability to spend on food away is
pressured. These near-term challenges, along with weaker than
expected performance so far in 2024, have led the company to reduce
guidance for the remainder of the year.

The affirmation of the Ba3 CFR reflects that while credit metrics
have modestly deteriorated due to lower earnings and higher debt
associated with its convertible note repayment and related
accelerated share repurchases earlier in the year, they remain
solid for the rating category. As of June 30, 2024, Moody's
adjusted debt-to-EBITDA remained around 3.4x, while
EBITA-to-interest was approximately 2.4x. Moody's expect that
despite the challenges to consumer spending, the company will
continue to maintain solid credit metrics and very good liquidity.

The downgrade of its senior secured revolving credit facility and
its senior unsecured global notes reflects the outlook change to
stable from positive along with the mix shift towards more senior
debt in the capital structure as the company reduced the amount of
junior convertible debt and increased revolver borrowings to fund
the aforementioned convertible note transactions.

RATINGS RATIONALE

Bloomin' Brands' Ba3 CFR benefits from the high level of brand
awareness of its four brands, a greater focus on off-premises,
To-Go, and third-party delivery services and large and diversified
asset base with 1,465 restaurants spread across the US and about
24% located internationally. Liquidity remains very good supported
by balance sheet cash, positive free cash flow and ample excess
revolver availability despite heavy usage which was increased with
its recent convertible note and share repurchase activity. Bloomin'
Brands' credit profile is constrained by the risks to its operating
profits and margins over the near term presented by the difficult
consumer spending environment particularly as it relates to
spending on food away from home. Bloomin' Brands' sizeable
concentration of sales within the casual steak category also
increases vulnerability to consumer spending patterns within the
category.

The stable outlook reflects Moody's expectation that the company
will continue to maintain solid credit metrics and very good
liquidity despite the challenging consumer spending environment.

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

Ratings could be upgraded if the company demonstrates the ability
to navigate the challenging consumer spending environment while
maintaining positive customer traffic and solid credit metrics,
including debt to EBITDA sustained below 4.0x and EBIT coverage of
interest over 2.75x. A higher rating would also require maintaining
at least good liquidity and a balanced financial policy.

Ratings could be downgraded if operating performance, liquidity or
credit metrics materially weakened such that debt to EBITDA
exceeded 4.75x or EBIT coverage of interest fell below 2.0x on a
sustained basis.

Bloomin' Brands, Inc. owns and operates a diversified base of
casual dining concepts which include Outback Steakhouse, Carrabba's
Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse and
Wine Bar. Revenue was around $4.6 billion for the latest twelve
month period ended June 30, 2024.

The principal methodology used in these ratings was Restaurants
published in August 2021.


BOISSON INC: Gregory Jones Named Subchapter V Trustee
-----------------------------------------------------
The U.S. Trustee for Region 16 appointed Gregory Jones, Esq., at
Stradling Yocca Carlson & Rauth, PC as Subchapter V trustee for
Boisson Inc.

Mr. Jones will be paid an hourly fee of $595 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.  

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

The Subchapter V trustee can be reached at:

     Gregory K. Jones, Esq.
     Stradling Yocca Carlson & Rauth, PC
     10100 N. Santa Monica Boulevard, Suite 1400
     Los Angeles, CA 90067
     Telephone: (424) 214-7000
     Facsimile: (424) 214-7010
     Email: gjones@stradlinglaw.com

                        About Boisson Inc.

Boisson Inc. offers a vast portfolio, boasting over 125 brands of
non-alcoholic wines, beers, spirits, aperitifs, and mixers,
including brands it owns. The Debtor operates 11 storefronts in
major cities, including New York, Miami, Los Angeles, and San
Francisco, amplified its digital presence through a growing
e-commerce platform, and also launched a wholesale distribution
channel.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. C.D. Calif. Case No. 24-12614) on April 4, 2024, with
up to $10 million in both assets and liabilities. Sheetal Aiyer,
chief executive officer, signed the petition.

Judge Neil W. Bason oversees the case.

Ron Bender, Esq., at Levene, Neale, Bender, Yoo & Golubchik L.L.P.,
is the Debtor's legal counsel.


BRINKER INTERNATIONAL: S&P Alters Outlook to Pos, Affirms 'BB-' ICR
-------------------------------------------------------------------
S&P Global Ratings revised its outlook on Dallas-based casual
dining restaurant operator Brinker International Inc. to positive
from stable and affirmed all of its ratings, including the 'BB-'
issuer credit rating.

The positive outlook reflects S&P's expectation for Brinker to
maintain leverage of less than 3x over the next 12 months as it
benefits from improved execution and labor retention despite menu
mix and traffic pressures.

S&P said, "The positive outlook reflects Brinker's market-leading
operating performance and our expectation for sustained improvement
in leverage. Brinker's operating performance for fiscal 2024
benefitted from investments in its labor force–-both managerial
and hourly--as well as menu simplification and value-emphasis. As a
result, the company saw traffic and comparable sales that exceeded
the industry. In the most recent fourth quarter ended June 26,
2024, the company's 14.8% sales growth was 15.6% better than
industry and its 5.9% traffic growth was 9.4% better than industry
(as measured by BlackBox). Brinker reported consolidated comparable
sales of 13.5% for the quarter, with Chili's comparable sales
increasing by 14.8% on increased price, mix, and traffic, and
Maggiano's comparable sales growing 2.5% on increased price and
mix, partially offset by lower traffic. Sales leverage, favorable
food and beverage costs, as well as labor expenses helped expand
fourth-quarter operating margins by 180 basis points
year-over-year, partially offset by increased restaurant expenses.
As a result, the company's S&P Global Ratings-adjusted EBITDA
increased approximately 22% year-over-year to $636 million as of
June 26, 2024.

"We expect leverage to be under 3x in fiscals 2025 and 2026.
Brinker's S&P Global Ratings-adjusted debt to EBITDA improved to
3.1x as of June 26, 2024, compared to 4.2x a year ago, driven by
debt reduction (it reduced outstanding borrowings under its
revolving credit facility by $161 million in fiscal 2024) and
earnings growth. Additionally, Brinker's EBITDA grew as its
operating initiatives related to menu pricing, labor retention,
process simplification, among others, took hold. We expect these
initiatives will strike a balance between maintaining its value
proposition--as pricing is expected to be in the mid-single-digit
percent area--and driving profitable sales. We expect a modest
improvement in leverage to 2.9x by the end of fiscal 2025 and 2.7x
in fiscal 2026 as revenues grow in the low-single-digit percent
area, margins remain stable, and the company pays down debt. We
note that Brinker previously funded the pay-off of its May 2023
notes with borrowings from its revolver and issued notes shortly
thereafter. We expect a similar payoff scenario for its October
2024 notes. The company has a stated leverage target of
2.0x-2.5x."

Brinker competes in a mature and fiercely competitive industry.
Brinker's ability to maintain relevance in terms of value and
offerings will be key to maintaining its competitive position. The
company, which operates more than 70% of its units, is directly
exposed to fluctuations in commodity prices, wage inflation, and
other restaurant-related operating cost pressures, as well as
capital investment requirements. Brinker's geographic
footprint--and banner mix, at just two, with Chili's representing
about 90% of fiscal 2024 sales--is concentrated, with approximately
40% of its company-owned restaurants located in just three states:
Texas, Florida, and California. To reflect these risks, we continue
to apply a negative one-notch comparable rating analysis modifier
to our anchor on Brinker.

The positive outlook reflects S&P's expectation for Brinker to
maintain leverage of less than 3x over the next 12 months as it
benefits from improved execution and labor retention despite mix
and traffic pressures.

S&P could raise its rating on Brinker if:

-- The company develops a sustained track record and performs
relatively in line with our expectations of low- to
mid-single-digit sales growth, while continuing to gain market
share, and maintain stable adjusted EBITDA margins; and

--S&P expects adjusted leverage to remain below 3.5x.

S&P could revise the outlook to stable if Brinker experienced a
reversal in its positive execution and operating trajectory. While
this could result from a softer-than-expected economic backdrop
leading to a sharp decline in traffic and unfavorable mix, such a
scenario would most likely occur due to a more aggressive financial
policy, specifically in the form of share repurchases or
dividends.



BRONCO TRUCKING: Hires Taylor & Martin as Equipment Appraiser
-------------------------------------------------------------
Bronco Trucking, LLC seeks approval from the U.S. Bankruptcy Court
for the Western District of Texas to employ Taylor & Martin, LLC as
equipment appraiser.

The firm will perform an appraisal of the Debtor's fleet of semi
trucks and trailers and provide and report testimony regarding the
Property's valuation.

The firm will be paid:

   -- A fee of $2,750 for a Desktop Appraisal Report of the
vehicles outlined and fully described (including unit no., VIN,
specifications, hours/mileage and condition) on the documents you
have or will provide. There will be an additional fee of $200 per
page for equipment lists provided in PDF format. There will be no
additional charge, if provided in Excel format.

   -- A base fee of $1,000 plus $150 per hour for in-house
professional fees, $100 per hour for travel time, $250 per hour for
pre-court consultation and court testimony plus related travel
expenses.

   -- If inspection services are needed, they are available at
$1,750 per day for weekday inspection plus related travel expenses
and $2,000 per day for weekend inspection plus related travel
expenses.

Andy Vering, a partner at Taylor & Martin, LLC, disclosed in a
court filing that the firm is a "disinterested person" as the term
is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Andy Vering
     Taylor & Martin, LLC
     1805 North Airport Road
     Fremont, NE 68025
     Tel: (402) 721-4500

              About Bronco Trucking, LLC

Bronco Trucking LLC is part of the general freight trucking
industry.

Bronco Trucking LLC sought relief under Subchapter V of Chapter 11
of the U.S. Bankruptcy Code (Bankr. W.D. Tex. Case No. 24-51118) on
June 17, 2024. In the petition signed by Luis J. Poblete, as
managing member, the Debtor reports total assets as of May 31, 2024
amounting to $3,847,529 and total liabilities as of May 31, 2024
amounting to $2,960,397.

Honorable Bankruptcy Judge Craig A. Gargotta oversees the case.

The Debtor is represented by:

     Ronald Smeberg, Esq.
     THE SMEBERG LAW FIRM
     4 Imperial Oaks
     San Antonio, TX 78248-1609
     Tel: (210) 695-6684
     Email: ron@smeberg.com


BURGERFI INTL: Names David Gordon, Michael Epstein as Directors
---------------------------------------------------------------
As previously disclosed, on August 14, 2024, the board of directors
of BurgerFi International, Inc. appointed David Gordon to the
Board. On August 27, 2024, the Company entered into a letter
agreement with an entity owned solely by Mr. Gordon, in the form of
the director engagement letter, pursuant to which, among other
things, the Company agreed to pay DJG a monthly fee of $15,000
(with total fees of not less than $90,000) in respect of his
services as a director. In addition, the Gordon Engagement Letter
provides certain indemnification rights to DJG and Mr. Gordon to
the fullest extent lawful.

Similarly, on August 27, 2024, the Board appointed Michael Epstein
to the Board as an independent Class C director, effective
immediately, for a term until his successor is elected and
qualified or until his earlier resignation or removal. Mr. Epstein
will be a nominee for election as a Class C director at the 2025
annual meeting of stockholders for a three-year term. The Board has
also appointed Mr. Epstein as a member of the following standing
committees of the Board: Audit Committee, Compensation Committee,
and Nominating Committee.

In connection with the appointment of Mr. Epstein as the director
of the Company, on August 27, 2024, the Company entered into a
letter agreement with an entity owned solely by Mr. Epstein, in the
form of the director engagement letter, pursuant to which, among
other things, the Company agreed to pay MJE a monthly fee of
$15,000 (with total fees of not less than $90,000) in respect of
his services as a director. In addition, the Epstein Engagement
Letter provides certain indemnification rights to MJE and Mr.
Epstein to the fullest extent lawful.

There are no family relationships between Mr. Epstein and any of
the Company's directors or executive officers. Mr. Epstein has no
direct or indirect material interest in any existing or currently
proposed transaction that would require disclosure under Item
404(a) of Regulation S-K.

Additionally, on August 27, 2024, Andrew Taub resigned from the
Board, effective immediately. His resignation was not a result of
any disagreement with the Company on any matter relating to the
Company's operations, policies or practices.

                        About BurgerFi

Headquartered in Fort Lauderdale, Florida, BurgerFi International,
Inc. is a multi-brand restaurant company that develops, markets,
and acquires fast-casual and premium-casual dining restaurant
concepts around the world, including corporate-owned stores and
franchises.

Miami, Florida-based KPMG LLP, the Company's auditor since 2022,
issued a "going concern" qualification in its report dated April
10, 2024, citing that the Company was not in compliance with the
minimum liquidity requirement of its credit agreement, which
constitutes a breach of the credit agreement and an event of
default that raises substantial doubt about its ability to continue
as a going concern.

Net loss for the year ended January 1, 2024, was $30.7 million, as
compared to a net loss of $103.4 million for the year ended January
2, 2023. As of April 1, 2024, the Company had $252.61 million in
total assets, $200.51 million in total liabilities, and $52.09
million in total stockholders' equity.


BURGERFI INTL: Receives Noncompliance Notices From Nasdaq
---------------------------------------------------------
BurgerFi International, Inc. has received deficiency notices from
Nasdaq Stock Market LLC related to the Company's failure to timely
file its Quarterly Report on Form 10-Q for the quarter ended July
1, 2024 and the composition of Board committees arising from the
resignation of directors.

On August 27, 2024, Nasdaq provided formal notice to the Company
that as a result of the Company's failure to timely file its Q2
Form 10-Q, the Company does not comply with the continued listing
requirements under the timely filing criteria outlined in Nasdaq
Listing Rule 5250(c)(1). Also on August 27, 2024, Nasdaq provided
formal notice to the Company that as a result of the resignations
of certain members of the Company's Board of Directors, the Company
does not comply with Nasdaq's audit committee and compensation
committee requirements set forth in Nasdaq Listing Rule 5605.

The Company is required to submit to Nasdaq within 60 calendar days
a plan to regain compliance with respect to the delinquent Q2 Form
10-Q, and if accepted by Nasdaq, the Company has until February 18,
2025 to implement the plan to regain compliance. The Company is
required to submit to Nasdaq within 45 calendar days a plan to
regain compliance with respect to the composition of its audit
committee and compensation committee, and if accepted by Nasdaq,
the Company has until February 24, 2025 to evidence compliance. The
Company will evaluate available options to regain compliance within
the compliance periods, including submission of such plans.
However, there can be no assurance that the Company will submit the
plans, Nasdaq will accept the plans, or the Company will regain
compliance within the compliance periods or maintain compliance
with the other Nasdaq listing requirements.

                        About BurgerFi

Headquartered in Fort Lauderdale, Florida, BurgerFi International,
Inc. is a multi-brand restaurant company that develops, markets,
and acquires fast-casual and premium-casual dining restaurant
concepts around the world, including corporate-owned stores and
franchises.

Miami, Florida-based KPMG LLP, the Company's auditor since 2022,
issued a "going concern" qualification in its report dated April
10, 2024, citing that the Company was not in compliance with the
minimum liquidity requirement of its credit agreement, which
constitutes a breach of the credit agreement and an event of
default that raises substantial doubt about its ability to continue
as a going concern.

Net loss for the year ended January 1, 2024, was $30.7 million, as
compared to a net loss of $103.4 million for the year ended January
2, 2023. As of April 1, 2024, the Company had $252.61 million in
total assets, $200.51 million in total liabilities, and $52.09
million in total stockholders' equity.


CAPE COD: Seeks to Hire Joseph G. Butler as Legal Counsel
---------------------------------------------------------
Cape Cod Lodge, LLC seeks approval from the U.S. Bankruptcy Court
for the District of Massachusetts to employ Law Office of Joseph G.
Butler as counsel.

The firm will provide these services:

     a. provide legal advice with respect to the Debtor's powers
and duties as debtor-in-possession in the continued operation of
his business;

     b. prepare on behalf of the Debtor necessary applications,
motions, answers, orders, reports and other legal papers;

     c. appear in, and to protect the interests of the Debtor
before this Court;

     d. negotiate, prepare and seek confirmation of any plan of
reorganization or liquidation that may be pursued by the Debtor;

    e. represent the Debtor in litigation matters before this
Court; and

    f. perform all other legal services for the Debtor which may be
necessary and proper in this Chapter 11 case.

The firm will be paid at the rate of $375 per hour.

The firm will be paid a retainer in the amount of $16,000, and
$1,738 filing fee.

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Mr. Butler disclosed in court filings that he and other members of
the firm are "disinterested" within the meaning of Section 101(14)
of the Bankruptcy Code.

The firm can be reached through:

     Joseph G. Butler, Esq.
     Law Office of Joseph G. Butler
     355 Providence Highway
     Westwood, MA 02090
     Email: JGB@JGButlerlaw.com

              About Cape Cod Lodge, LLC

Cape Cod Lodge, LLC in Orleans MA, sought relief under Chapter 11
of the Bankruptcy Code (Bankr. D. Mass. Case No. 24-11706) on Aug.
22, 2024, listing as much as $1 million to $10 million in both
assets and liabilities. Taylor Perkins as manager, signed the
petition.

JOSEPH BUTLER serve as the Debtor's legal counsel.


CAPSTONE GREEN: Posts $5.7 Million Net Loss in Q1 2023
------------------------------------------------------
Capstone Green Energy Holdings, Inc. filed with the U.S. Securities
and Exchange Commission its Quarterly Report on Form 10-Q reporting
a net loss of $5.7 million on $23.9 million of total revenues for
the three months ended June 30, 2023, compared to a net loss of
$4.2 million on $18.8 million of total revenues for the three
months ended June 30, 2022.

As of June 30, 2023, the Company had cash and cash equivalents of
$5.8 million, and $51 million in borrowings were outstanding under
the Notes. The Company used cash from operating activities of $4.8
million during the three months ended June 30, 2022.

Subsequent to June 30, 2023, the Company reduced its outstanding
debt via proceedings in U.S. Chapter 11 Bankruptcy Court. On
September 28, 2023, the Company filed for a prepackaged financial
restructuring with its Senior Lender, Goldman Sachs under the U.S.
Chapter 11 Bankruptcy laws, The Company emerged from Bankruptcy on
December 7, 2023, and effected a financial and organizational
restructuring. However, given its current cash position, lack of
liquidity, limits to accessing capital and debt funding options and
current economic and market risks, there is substantial doubt
regarding the Company's ability to continue as a going concern and
its ability to meet its financial obligations as they become due
over the next 12 months from the date of issuance of the financial
statements as of, and for the period ended June 30, 2023.

As of June 30, 2023, the Company had $102.8 million in total
assets, $132.3 million in total liabilities, and $29.5 million in
total stockholders' deficiency.

A full-text copy of the Company's Form 10-Q is available at:

                   https://tinyurl.com/2v8jr82h

            About Capstone Green Energy Corporation

Capstone Green Energy Corporation builds microturbine energy
systems and battery storage systems that allow customers to produce
power on-site in parallel with the electric grid or stand-alone
when no utility grid is available. Capstone Green offers
microturbines designed for commercial, oil and gas, and other
industrial applications.

Los Angeles, Calif.-based Marcum LLP, the Company's auditor since
2017, issued a "going concern" qualification in its report dated
June 12, 2024, citing that the Company has incurred significant
losses and needs to raise additional funds to meet its obligations
and sustain its operations. These conditions raise substantial
doubt about the Company's ability to continue as a going concern.


CAPSTONE GREEN: Reports $5.8 Million Net Loss in Q2 2023
--------------------------------------------------------
Capstone Green Energy Holdings, Inc. filed with the U.S. Securities
and Exchange Commission its Quarterly Report on Form 10-Q reporting
a net loss of $5.8 million on $28.4 million of total revenues for
the three months ended September 30, 2023, compared to a net loss
of $3.7 million on $20.1 million of total revenues for the three
months ended September 30, 2022.

For the six months ended September 30, 2023, the Company reported a
net loss of $11.6 million on $52.3 million of revenues, compared to
a net loss of $7.9 million on $38.9 million of revenues for the
same period in 2022.

As of June 30, 2024, the Company had $99.1 million in total assets,
$134.4 million in total liabilities, and $35.3 million in total
stockholders' deficiency.

A full-text copy of the Company's Form 10-Q is available at:

                   https://tinyurl.com/mvnau2p9

            About Capstone Green Energy Corporation

Capstone Green Energy Corporation builds microturbine energy
systems and battery storage systems that allow customers to produce
power on-site in parallel with the electric grid or stand-alone
when no utility grid is available. Capstone Green offers
microturbines designed for commercial, oil and gas, and other
industrial applications.

Los Angeles, Calif.-based Marcum LLP, the Company's auditor since
2017, issued a "going concern" qualification in its report dated
June 12, 2024, citing that the Company has incurred significant
losses and needs to raise additional funds to meet its obligations
and sustain its operations. These conditions raise substantial
doubt about the Company's ability to continue as a going concern.

As of March 31, 2023, the Company had $108 million in total assets,
$132.1 million in total liabilities, and $24.1 million in total
stockholders' deficit.


CARMAX INC: Egan-Jones Retains BB+ Senior Unsecured Ratings
-----------------------------------------------------------
Egan-Jones Ratings Company, on August 29, 2024, maintained its
'BB+' foreign currency and local currency senior unsecured ratings
on debt issued by CarMax, Inc.

Headquartered in Richmond, Virginia, CarMax, Inc. retails
automobiles.



CBDMD INC: Amends Notes, Security Agreement Post-Majik Settlement
-----------------------------------------------------------------
cbdMD, Inc. disclosed in a Form 8-K Report filed with the U.S.
Securities and Exchange Commission that on August 23, 2024 (the
"Effective Date"), the Company entered into an Amendment, to amend
(i) its outstanding 8% Senior Secured Original Issue 20% Discount
Convertible Promissory Notes with an original issuance date of
January 30, 2024, issued by the Company to five institutional
investors; and (ii) the Security Agreement entered into by and
between the Company and the Holders dated January 30, 2024.

As previously disclosed, the Company's wholly owned subsidiary, CBD
Industries, LLC, filed a cancellation proceeding before the U.S.
Patent and Trademark Office Trademark Trial and Appeal Board (TTAB)
against Majik Medicine, LLC, in April 2019 to cancel Majik's issued
supplemental register trademark for "CBD MD" on multiple grounds
and Majik filed certain counter claims under a matter pending in
United States District Court for the Western District of North
Carolina.

On the Effective Date the Company and CBD Industries entered into a
Settlement, Purchase and Release Agreement with Majik and acquired
the Limited Mark in consideration of the payments described below
and the Company and Majik agreed to jointly execute and file a
voluntary dismissal with prejudice for the proceedings relating to
the Majik Claims. Furthermore, upon execution of the Purchase
Agreement each party released the other from all claims relating to
the Majik Claims. The Company paid Majik $100,000 on the date of
the Purchase Agreement and shall pay Majik $50,000 on each one-year
anniversary of the Purchase Agreement for a period of four years.
In the event the Company fails to make an Additional Payment, the
Limited Mark shall be reassigned to Majik. The Company also issued
Majik 75,000 shares of common stock on the Effective Date and will
issue Majik 50,000 additional shares of common stock on the
one-year anniversary of the Purchase Agreement. In addition, the
Company entered into a five-year consulting agreement with Majik.
Under the agreement Majik shall provide nonexclusive consulting
services to solicit and refer a specific business vertical
wholesale customer base of Licensed Practitioners who provide
clinical services to individuals and receive a 15% commission on
any annual increase of net sales relating to new sales to such
Licensed Practitioners. This is a wholesale customer base the
Company has been unable to exploit which has positive potential.
The Company believes securing the Limited Mark enhances the
Company's overall IP portfolio and removes the procedural
impediments at TTAB to facilitate the issuance of additional marks
for the Company's brands and avoids continued costly litigation
which would otherwise be required to secure the Limited Mark.
Pursuant to the Purchase Agreement, Majik also appointed William
Raines III, an independent member of the Company's board of
directors, as the proxy for Majik for the Initial Shares, for
twelve months from the Effective Date.

The Amendment (i) amends the Note to include the pledge of the
Limited Mark as a Permitted Lien and include the Additional
Payments as a Permitted Indebtedness (as defined under the Note);
and (ii) amends the Security Agreement to revise the definition of
Excluded Assets to include the Limited Mark until the Company
completes the Additional Payments.

                          About cbdMD, Inc.

Headquartered in Charlotte, NC, cbdMD, Inc. -- www.cbdmd.com --
owns and operates the nationally recognized CBD (cannabidiol)
brands cbdMD, Paw CBD, and cbdMD Botanicals. Its mission is to
enhance its customers' overall quality of life while bringing CBD
education, awareness, and accessibility of high-quality and
effective products to all. The Company sources cannabinoids,
including CBD, which are extracted from non-GMO hemp grown on farms
in the United States.

Charlotte, North Carolina-based Cherry Bekaert LLP, the Company's
auditor since 2016, issued a "going concern" qualification in its
report dated Dec. 22, 2023, citing that the Company has
historically incurred losses resulting in an accumulated deficit of
approximately $174 million as of Sept. 30, 2023. These conditions
raise substantial doubt about the Company's ability to continue as
a going concern.

While the Company is taking strong action, believes in the
viability of its strategy and path to profitability, and in its
ability to raise additional funds, there can be no assurances to
that effect. The Company's working capital position may not be
sufficient to support the Company's daily operations for the twelve
months subsequent to the issuance of these annual financial
statements. The Company's ability to continue as a going concern is
dependent upon its ability to improve profitability and acquire
additional funding. These and other factors raise substantial doubt
about the Company's ability to continue as a going concern within
12 months after the date that the annual financial statements are
issued, the Company said in its Quarterly Report for the period
ended March 31, 2024.

cbdMD reported a net loss attributable to common shareholders of
$26.94 million for the year ended Sept. 30, 2023, compared to a net
loss attributable to common shareholders of $74.08 million for the
year ended Sept. 30, 2022. As of June 30, 2024, cbdMD had
$13,843,554 in total assets, $10,815,433 in total liabilities, and
$3,028,121 in total shareholders' equity.


CELSIUS NETWORK: Creditors Want to Liquidate Ionic Digital Inc.
---------------------------------------------------------------
Jonathan Randles and Dorothy Ma of Bloomberg News report that
Celsius creditors explore liquidation of new bitcoin mining firm.

Some former Celsius Network customers are exploring whether they
can liquidate Ionic Digital Inc., a Bitcoin mining firm they own
with other Celsius creditors that's struggled to complete plans to
go public, Bloomberg News reports.

Joseph Sarachek, a lawyer representing some Celsius creditors, told
a New York bankruptcy judge Tuesday, August 27, 2024, that his
office has been contacted in recent weeks by "numerous
shareholders" who have inquired about forcing a liquidation of
Ionic's assets. A different Celsius creditor said during the court
hearing that other shareholders are attempting to rally support to
remove Ionic's board of directors, according to Bloomberg News .

        About Celsius Network

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

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

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

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

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

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

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

The Debtors tapped Kirkland & Ellis, LLP and Kirkland & Ellis
International, LLP as bankrupty counsels; Fischer (FBC & Co.) as
special counsel; Centerview Partners, LLC as investment banker; and
Alvarez & Marsal North America, LLC as financial advisor.  Stretto
is the claims agent and administrative advisor.

On July 27, 2022, the U.S. Trustee appointed an official committee
of unsecured creditors. The committee tapped White & Case, LLP as
its bankruptcy counsel; Elementus Inc. as its blockchain forensics
advisor; M3 Advisory Partners, LP as its financial advisor; and
Perella Weinberg Partners, LP as its investment banker.

Shoba Pillay, Esq., is the examiner appointed in the
Debtors'Chapter 11 cases. Jenner & Block, LLP and Huron Consulting
Services, LLC, serve as the examiner's legal counsel and financial
advisor, respectively.




CHARA SOFTWARE: Sec 341(a) Meeting of Creditors on Sept. 30, 2024
-----------------------------------------------------------------
On August 15, 2024, Chara Software LLC filed Chapter 11 protection
in the Northern District of Florida. According to court filing, the
Debtor reports between $1 million and $10 million in debt owed to 1
and 49 creditors. The petition states funds will be available to
unsecured creditors.

A meeting of creditors under 11 U.S.C. Section 341(a) is slated for
September 30, 2022 at 9:00 a.m. at/via with the U.S. Trustee by
telephone at (877) 835-0364, Access Code 4662459.

              About Chara Software LLC

Chara Software LLC is a software company that provides  proprietary
AI machine learning solution to automate any business process in
any industry seamlessly.

Chara Software LLC sought relief under Subchapter V of Chapter 11
of the U.S. Bankruptcy Code (Bankr. N.D. Fla. Case No.: 24-30647)
on August 15, 2024. In the petition filed by Brian Martino, as
president/owner, the Debtor reports estimated assets between
$100,000 and $500,000 and estimated liabilities between $1 million
and $10 million.

The Debtor is represented by:

     Michael A. Wynn, Esq.
     WYNN & ASSOCIATES PLLC
     430 W. 5th Street
     Suite 400
     Panama City, FL 32401
     Tel: (850) 303-7800
     Fax: (850) 526-5210
     Email: michael@wynnpllc.com


CHICAGO WHIRLY: Hires Silverman Consulting as Financial Advisor
---------------------------------------------------------------
Chicago Whirly, Inc. seeks approval from the U.S. Bankruptcy Court
for the Northern District of Illinois to employ Silverman
Consulting as financial advisor.

The firm's services include:

     a. assisting the Debtor in the preparation of
financial-related statements and reports required by the Court,
including but not limited to the Debtor's Monthly Operating
Reports;

     b. analyzing the Debtor's financial condition, business
operations, and restructuring alternatives;

     c. assisting in the preparation of financial information for
distribution to creditors and others, including, but not limited
to, cash flow projections and budgets, cash receipts and
disbursement analysis, and analysis of various asset and liability
accounts;

     d. assisting the Debtor's management team and counsel focused
on the coordination of resources related to the reorganization
efforts;

     e. negotiating with the creditors and other stakeholders as
necessary;

     f. providing testimony, if required, in bankruptcy court
proceeding;

     g. assisting in the preparation of information and analysis
necessary for the confirmation of a chapter 11 plan in this Case,
including information contained therein; and

     h. rendering such other general business consulting or such
other assistance as Debtor's management or counsel may deem
necessary consistent with the role of a financial advisor to the
extent that it would not be duplicative of services provided by
other professionals in this proceeding.

The firm will be paid at these rates:

     Daniel Rose, Partner         $500 per hour
     Betsy Paraszczak, Associate  $325 per hour

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Daniel Rose, a partner at Silverman Consulting, disclosed in a
court filing that the firm is a "disinterested person" as the term
is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Daniel Rose
     Silverman Consulting
     5750 Old Orchard Road
     Skokie, IL 60077
     Telephone: (847) 470-0200
     Email: Drose@SilvermanConsulting.net.

              About Chicago Whirly Inc.

Chicago Whirly Inc. is in the Recreation Services business.

Chicago Whirly Inc. sought relief under Subchapter V of Chapter 11
of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 24-09116) on
June 20, 2024. In its petition, the Debtor reports estimated assets
and liabilities between $1 million and $10 million each.

Honorable Bankruptcy Judge Deborah L. Thorne oversees the case.

The Debtor is represented by Susan Poll Klaessy, Esq. at Foley &
Lardner LLP.


CMTRD LLC: Hires Yip Associates as Financial Advisors
-----------------------------------------------------
Maria M. Yip, the Trustee for CMTRD LLC, seeks approval from the
U.S. Bankruptcy Court for the Southern District of Florida to
employ employ Yip Associates as financial advisors.

The firm will provide these services:

     a. review of all financial information prepared by the Debtor,
including but not limited to a review of the Debtor's financial
information as of the Petition Date, including, but not limited to,
examining its assets and liabilities;

     b. provide financial oversight and prepare reports required by
the Bankruptcy Court, the Office of the United States Trustee and
other parties in interest in this Chapter 11 case, including
without limitations, monthly operation reports;

    c. review and analyze the organizational structure of any
entity of the Debtor, the entity's financial interrelationships
amongst the Debtor, its principals, affiliates, and insiders,
including a review of the books of such entities or persons as may
be required;

    d. review and analyze transfers to and from the Debtor to third
parties, both pre-petition and post-petition;

     e. attend meetings with the Debtor, creditors, insiders, and
associates of such parties, and with federal, state, and local tax
authorities, if requested;

     f. review the books and records of the Debtor for potential
preference payments, fraudulent transfers, or any other matters
that the Trustee may request;

     g. identify, corral and secure any potential assets of the
Debtor, including and not limited to inventory, accounts
receivable, real estate, automobiles, warehouse and office
equipment, and any other identified assets for sale, settlement or
abandonment.;

     h. the rendering of any such other assistance in the nature of
accounting, financial consulting, or other financial projects as
the Trustee may deem necessary;

     i. provide assistance in the preparation of the estate tax
returns; and

     j. any additional requests presented by the Trustee.

The firm will be paid at these rates:

     Partners                $450 to $600 per hour
     Directors               $400 per hour
     Managers                $350 per hour
     Seniors Associates      $295 per hour
     Associates              $220 per hour
     Paraprofessionals       $150 per hour

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Hernan Serrano, a partner at Yip Associates, disclosed in a court
filing that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Hernan Serrano
     Yip Associates
     One Biscayne Tower
     2 S. Biscayne Blvd., Suite 2690
     Miami, FL 33131
     Tel: (305) 569-0550
     Fax: (888) 632-2672
     Email: HSerrano@yipcpa.com

              About CMTRD LLC

CMTRD LLC filed its voluntary petition for relief under Chapter 11
of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 24-16374) on June
26, 2024. In the petition signed by Yuletsy Beatriz Granadillo,
manager, the Debtor disclosed up to $50 million in assets and up to
$10 million in liabilities.

Judge Corali Lopez-Castro oversees the case.

Susan D. Lasky, Esq., serves as the Debtor's counsel.


COAT CHECK: Hires Kroger Gardis & Regas LLP as Counsel
------------------------------------------------------
Coat Check Coffee, LLC seeks approval from the U.S. Bankruptcy
Court for the Southern District of Indiana to employ Kroger Gardis
& Regas, LLP as counsel.

The firm will provide these services:

    a. prepare filings and applications and conducting examinations
necessary to the administration of these matters;

    b. advise regarding Debtors' rights, duties, and obligations as
debtors-in-possession;

    c. perform legal services associated with and necessary to the
day-today operations of the business, including, but not limited
to, institution and prosecution of necessary legal proceedings,
loan restructuring, and general business and corporate legal advice
and assistance, all of which are
necessary to the proper preservation and administration of the
estate;

    d. represent and assist Debtor(s) in complying with the duties
and obligations imposed by the Bankruptcy Code, the orders of this
Court, and applicable law;

    e. represent Debtor(s) at hearings and other proceedings before
this Court;

    f. make negotiation, preparation, confirmation, and
consummation of a plan of reorganization; and

    g. take any and all other necessary action incident to the
proper preservation and administration of the state in the conduct
of Debtors' business.

The firm will be paid at these rates:

     Weston E. Overturf, Partner        $425 per hour
     Anthony T. Carreri, Associate      $360 per hour
     Jason T. Mizzell, Associate        $360 per hour
     Deidre Gastenveld, Paralegal       $195 per hour
     Kimberly Whigham, Paralegal        $175 per hour

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Jason T. Mizzell, Esq., a partner at Kroger Gardis & Regas, LLP,
disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

       Jason T. Mizzell, Esq.
       Kroger Gardis & Regas, LLP
       111 Monument Circle, Suite 900
       Indianapolis, IN 46204
       Tel: (317) 777-7434
       Email: jmizzell@kgrlaw.com

              About Coat Check Coffee, LLC

Coat Check Coffee LLC in Indianapolis, IN, filed its voluntary
petition for Chapter 11 protection (Bankr. S.D. Ind. Case No.
24-04651) on Aug. 28, 2024, listing $253,320 in assets and
$2,156,643 in liabilities. Neal Warner as co-owner, signed the
petition.

Judge Jeffrey J Graham oversees the case.

KROGER, GARDIS & REGAS, LLP serve as the Debtor's legal counsel.


COBALT INTERNATIONAL: No Refund on UST Fees, Texas Court Says
-------------------------------------------------------------
Judge Marvin Isgur of the United States Bankruptcy Court for the
Southern District of Texas ruled on the cross-motions for summary
judgment filed by the parties in the case NADER TAVAKOLI, ACTING
SOLELY IN HIS CAPACITY AS PLAN ADMINISTRATOR OF COBALT
INTERNATIONAL ENERGY, INC, ET AL., Plaintiff, VS. KEVIN M. EPSTEIN,
AS UNITED STATES TRUSTEE FOR REGION 7, et al., Defendants,
ADVERSARY NO. 22-3340 (Bankr. S.D. Tex.).

The Plan Administrator commenced this adversary proceeding to
recover amounts the Debtors and Plan Administrator were (allegedly
unconstitutionally) required to pay to the United States Trustee
Program. The Defendants are Tara Twomey, a Director of the
Executive Office for U.S. Trustees, and Kevin M. Epstein, as U.S.
Trustee for Region 7.

The statute requiring the Chapter 11 debtors' fees was found
unconstitutional by the U.S. Supreme Court in Siegel v. Fitzgerald,
596 U.S. 464 (2022).

The parties filed cross-motions for summary judgment, with each
side arguing what would be the appropriate remedy for the
constitutional violation found in Siegel. The Plan Administrator
argued for a refund, whereas Defendants Twomey and Epstein argued
for prospective relief as provided for by subsequent Congressional
action.

On September 29, 2023, the Supreme Court granted certiorari in
Office of the U.S. Trustee v. John Q. Hammons Fall 2006 LLC to
answer Siegel's remedy question. The Court stayed this adversary
proceeding pending the Supreme Court's decision in Hammons.

On June 14, 2024, the Supreme Court determined that "the
appropriate remedy is prospective parity. Requiring equal fees for
otherwise identical Chapter 11 debtors going forward comports with
congressional intent, corrects the constitutional wrong, and
complies with due process."

Summary judgment is denied for Tavakoli. The Supreme Court has
ruled against the relief he seeks. Summary judgment is granted in
favor of Defendants Twomey and Epstein.

A copy of the Court's decision dated August 23, 2024, is available
at https://urlcurt.com/u?l=cVKzvG

                    About Cobalt International

Cobalt International Energy -- http://www.cobaltintl.com/-- is an
independent exploration and production company active in the
deepwater U.S. Gulf of Mexico and offshore West Africa.  Cobalt was
formed in 2005 and is headquartered in Houston, Texas.

Unable to sell assets out-of-court, Cobalt International Energy,
Inc., and five of its subsidiaries filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex.
Lead Case No. 17-36709) on Dec. 14, 2017.  In the petitions signed
by CFO David D. Powell, the Debtors reported total assets of $1.69
billion and total debt of $3.16 billion as of Sept. 30, 2017.

The Debtors tapped Zack A. Clement PLLC as local bankruptcy
counsel; Kirkland & Ellis LLP and Kirkland & Ellis International
LLP as general bankruptcy counsel; Houlihan Lokey Capital, Inc., as
financial advisor and investment banker; Ernst & Young LLP as
auditor; and Kurtzman Carson Consultants LLC as claims and noticing
agent.  Baker Botts LLP and Susman Godfrey LLP serve as special
litigation counsel.

An official committee of unsecured creditors was appointed in the
Debtors' cases.  Pachulski Stang Ziehl & Jones LLP serves lead
counsel to the Committee; Snow Spence Green LLP as local counsel;
and Conway MacKenzie, Inc., as financial advisor.

Weil, Gotshal & Manges LLP is representing the Ad Hoc First Lien
Group.  Akin Gump Strauss Hauer & Feld LLP is counsel to the Ad Hoc
Group of Second Lien Noteholders.  Milbank, Tweed, Hadley & McCloy
LLP, and Cole Schotz, P.C., serve as counsel to the Ad Hoc
Committee of Unsecured Noteholders.

                          *     *     *

The Debtors won Court approval of a settlement with The Angolan
National Concessionaire Sociedade Nacional de Combustiveis de
Angola - Empresa Publica ("Sonangol") to resolve their disputes and
to transfer Cobalt's 40% stakes in Blocks 20 and 21 offshore in
Angola to Angola's state oil company Sonangol in exchange for a
$500 million payment to the U.S. oil firm.  

On March 6, 2018, the Debtors conducted an auction that raised
$577.9 million for their Gulf of Mexico assets:

                                                   ($ millions)
                                                     Purchase
     Buyer                            Asset            Price
     -----                            -----          --------
Total E&P USA, Inc./
Statoil Gulf of Mexico LLC   North Platte prospect    $339.0
Total E&P USA                 Anchor assets            $181.0
W&T Offshore, Inc.            Heidelberg prospect       $31.1
Navitas Petroleum US, LLC     Shenandoah prospect        $1.8

On April 5, 2018, the Court entered its Order (I) Confirming the
Fourth Amended Joint Chapter 11 Plan of Cobalt International
Energy, Inc. and its Debtor Affiliates and (II) Approving the Sale
Transaction.  The Plan was declared effective on April 10, 2018.
Nader Tavakoli was appointed as the Plan Administrator.


COMBAT ARMORY: Hires Schafer and Weiner PLLC as Counsel
-------------------------------------------------------
Combat Armory, LLC seeks approval from the U.S. Bankruptcy Court
for the Eastern District of Michigan to employ Schafer and Weiner,
PLLC as counsel.

The firm will represent and assist the Debtor and
Debtor-in-Possession as its legal counsel in all facets of its
Chapter 11 proceeding.

The firm will be paid at these rates:

     Daniel J. Weiner                 $615 per hour
     Howard Borin                     $465 per hour
     Joseph K. Grekin                 $465 per hour
     Leon Mayer                       $340 per hour
     Kim Hillary                      $405 per hour
     John J. Stockdale, Jr.           $450 per hour
     Jeff Sattler                     $375 per hour
     Brandi M. Dobbs                  $305 per hour
     Albert Chang                     $225 per hour
     Legal Assistant                  $175 per hour
     Michael E. Baum (Of Counsel)     $615 per hour

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

John J. Stockdale, Jr., a partner at Schafer and Weiner, PLLC,
disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     John J. Stockdale, Jr.
     Schafer and Weiner, PLLC
     40950 Woodward Avenue, Suite 100
     Bloomfield Hills, MI 48304
     Tel: (248) 540-3340
     Email: khillary@schaferandweiner.com

              About Combat Armory, LLC

The Debtor specializes in providing a wide range of firearm parts
and accessories, including Glock barrels, Glock slides, Glock
internal parts, and AR-15/AR-10/AR9. It clients include the law
enforcement, military and civilian personnel.

Combat Armory, LLC in Commerce Township, MI, filed its voluntary
petition for Chapter 11 protection (Bankr. E.D. Mich. Case No.
24-47861) on August 15, 2024, listing $673,339 in assets and
$3,919,175 in liabilities. Waleed J. Jammal as member, signed the
petition.

Judge Thomas J Tucker oversees the case.

SCHAFER AND WEINER, PLLC serve as the Debtor's legal counsel.


COMMERCIAL FLOORING: Case Summary & 20 Top Unsecured Creditors
--------------------------------------------------------------
Debtor: Commercial Flooring Solutions LLC
        4703 Fulton Industrial Boulevard
        Atlanta, GA 30336

Business Description: Commercial Flooring Solutions provides
                      flooring solutions to any given project
                      serving Atlanta, GA and beyond.  The
                      Company's products include carpet, carpet
                      tile, hardwood, laminate, luxury, vinyl,
                      waterproof flooring, natural stone, glass
                      tile, metal tile, and solid surface.

Chapter 11 Petition Date: September 6, 2024

Court: United States Bankruptcy Court
       Northern District of Georgia

Case No.: 24-59431

Debtor's Counsel: Leslie Pineyro, Esq.
                  JONES & WALDEN LLC
                  699 Piedmont Avenue NE
                  Atlanta, GA 30308
                  Tel: 404-564-9300
                  Fax: 404-564-9301
                  Email: info@joneswalden.com

Total Assets: $253,125

Total Liabilities: $4,298,034

The petition was signed by Brett R. Pavel as manager.

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

https://www.pacermonitor.com/view/5QKMTZQ/Commercial_Flooring_Solutions__ganbke-24-59431__0001.0.pdf?mcid=tGE4TAMA


CONNECTWISE HOLDINGS: Fitch Affirms B+ LongTerm IDR, Outlook Stable
-------------------------------------------------------------------
Fitch Ratings has affirmed the Long-Term Issuer Default Rating
(IDR) of ConnectWise Holdings, LLC and ConnectWise, LLC (dba
ConnectWise) at 'B+'. The Rating Outlook is Stable. Fitch has also
affirmed ConnectWise's secured revolving credit facility (RCF) and
proposed upsized $1.474 billion first lien secured term loan at
'BB+'/'RR1'. The incremental first lien term loan along with cash
on balance sheet will be used to fund proposed acquisitions.
ConnectWise, LLC is the issuer of debt.

The ratings are supported by ConnectWise's industry-leading
software solutions for Managed Service Providers (MSPs) and
Technology Service Providers (TSPs). The company's growth strategy
and private equity ownership could limit deleveraging despite the
FCF generation projected for the company.

Fitch expects the company to prioritize tuck-in acquisitions as
part of its growth strategy over accelerated deleveraging, and
expects Fitch-adjusted leverage to remain over 4.0x in the near
term.

Key Rating Drivers

Moderate Financial Leverage: Fitch estimates Fitch-adjusted
leverage to be around 5.3x in 2024 with capacity to delever over
the rating horizon supported by strong FCF generation. However,
given the private equity ownership that is likely to prioritize
ROE, Fitch believes accelerated debt repayment is unlikely. Fitch
expects excess capital to be used for acquisitions to accelerate
growth or for dividends to equity owners with financial leverage
remaining at moderate levels.

Industry Tailwind Supports Growth: ConnectWise's end-markets are
small- and medium-sized businesses (SMBs) that lack IT resources
and look to MSPs and TSPs to provide technology solutions. The
managed services market is estimated to grow in the high single
digits to low teens supported by increasing dependence of
businesses on technology for all aspects of operations.

In addition, the migration to cloud services and hybrid IT services
further increases complexity in management of IT resources that
creates further incremental demand. Fitch believes these factors
serve as underlying demand growth drivers for managed services
resulting in greater demand for ConnectWise's products.

High Levels of Recurring Revenues and Revenue Retention: Recurring
revenue represents over 95% of total revenue, while net retention
rate has sustained over 100%. These attributes provide significant
visibility into future revenue streams and profitability.

Diversified Customer Base with SMB Exposure: ConnectWise serves
over 45,000 customers globally. No single customer represented over
1% of Annual Recurring Revenue (ARR). While ConnectWise's customers
are concentrated in MSPs and TSPs, the end-markets represent a
diverse cross-section of industries. In Fitch's view, the diverse
set of customers and industry verticals in the end-markets should
minimize idiosyncratic risks that may arise from customers or
industry concentration.

Through the MSPs and TSPs, ConnectWise is indirectly exposed to the
SMB market segment as SMBs lack sophisticated IT resources to
manage the increasingly complex IT environment and leverage
services provided by MSPs and TSPs.

Cross-Selling Opportunities: ConnectWise's software ARR growth has
outpaced customer growth, demonstrating growth in revenue per
customer. This is attributed to its broad product portfolio and its
ability to increase product penetration into existing customer
base. In addition to supporting revenue growth, Fitch believes
ConnectWise also benefits through greater customer retention as the
products become more integrated with the customers' operations.

M&A Central to Growth Strategy: The company is active in M&As as a
strategy to expand its product offerings and geographical
footprint. Since 2015, ConnectWise has acquired Screen Connect,
HTG, ITBoost, BrightGauge, Continuum, Service Leadership, Perch
Security, Stratozen, SmileBack and Wise-Sync..

These acquisitions expanded ConnectWise's offerings in the four
products areas of Business Management, Security Management, Unified
Management and Backup and Recovery and also geographical footprint.
Despite the acquisitive nature of the company, its net leverage has
historically reverted back to 4x-5.5x on a Fitch-adjusted basis
within 12 months after temporary increases.

Narrow Niche Market Focus: ConnectWise's software solutions cater
primarily to the MSP and TSP market. The company provides broad
solutions that facilitate their customers' operations in support of
the SMB end-market. In Fitch's view, the narrow market focus is
effectively mitigated given the broader end-market. However, the
narrow focus in serving the MSP and TSP market does expose
ConnectWise to systemic risks associated with the specific market.

Derivation Summary

ConnectWise is a leader in the fragmented niche market of
mission-critical software solutions that supports the MSPs and
TSPs. The products facilitate their customers ongoing operations in
areas of Business Management, Security Management, and Unified
Management in serving the SMB end-markets. ConnectWise's recurring
revenue represents over 95% of total revenue and net retention
rates have sustained over 100% in recent years. It serves over
45,000 customers with no single customer representing more than 1%
of revenue.

The MSP and TSP markets are projected to grow in the low-teens
supported by the increasing complexity in IT infrastructure and
applications. ConnectWise's revenue visibility, profitability,
financial structure and liquidity compare well against vertical
industry software peers in the 'B' category.Consistent with other
private equity owned software peers including DCert Buyer
(B/Negative), Imprivata (B/Stable) and Proofpoint (B+/Stable),
which the ownership structures could optimize ROE limiting the
prospect for accelerated deleveraging.

Key Assumptions

- Organic Revenue growth in high single;

- EBITDA margins in the mid-30s in 2024 reflects top line
pressures. Margins rise to a stable level of the high-30s after
that;

- Capex intensity 4.0 % of revenue;

- Debt repayment limited to mandatory amortization;

- Aggregate acquisitions of $150 million after current transaction
through rating horizon partially funded with debt.

Recovery Analysis

KEY RECOVERY RATING ASSUMPTIONS

- The recovery analysis assumes that ConnectWise would be
reorganized as a going-concern in bankruptcy rather than
liquidated;

- Fitch has assumed a 10% administrative claim.

Going-Concern Approach

- In the event of a bankruptcy reorganization, Fitch assumes that
ConnectWise would continue to execute on its cost reduction plan as
part of the reorganization plan. In estimating a distressed
enterprise valuation (EV) for ConnectWise, Fitch assumes a
combination of customer churn and margin compression on lower
revenue scale in a distressed scenario to result in approximately
15% decline from 2025 estimated revenue with stressed margin of
low-30s leading to a going concern EBITDA that is approximately 25%
lower relative to 2025 proforma adjusted EBITDA;

- Fitch assumes an adjusted distressed EV of $1.59 billion using
approximately $252 million in going-concern EBITDA;

- Fitch assumes that ConnectWise will receive a going-concern
recovery multiple of 7.0x. The estimate considers several factors,
including the highly recurring nature of the revenue, the high
customer retention, the secular growth drivers for the sector, the
company's strong FCF generation and the competitive dynamics. The
EV multiple is supported by:

- The historical bankruptcy case study exits multiples for
technology peer companies ranged from 2.6x to 10.8x;

- Of these companies, five were in the software sector: Allen
Systems Group, Inc -- 8.4x; Avaya, Inc. -- 2023: 7.5x, 2017: 8.1x;
Aspect Software Parent, Inc. -- 5.5x, Sungard Availability Services
Capital, Inc. -- 4.6x & Riverbed Technology Software -- 8.3x;

- The highly recurring nature of ConnectWise's revenue and mission
critical nature of the product support the high-end of the range.

RATING SENSITIVITIES

Factors that Could, Individually or Collectively, Lead to Positive
Rating Action/Upgrade

- EBITDA leverage sustaining below 4.0x;

- (CFO - capex)/debt ratio sustaining near 10%;

- Organic revenue growth sustaining above the high single digits.

Factors that Could, Individually or Collectively, Lead to Negative
Rating Action/Downgrade

- EBITDA leverage sustaining above 5.5x;

- (CFO - capex)/debt ratio sustaining below 7.5%;

- Organic revenue growth sustaining near 0%.

Liquidity and Debt Structure

Adequate Liquidity: The company's liquidity is projected to be
adequate, supported by its FCF generation and pro forma for the
transaction $185 million of cash on balance sheet and $70 million
of undrawn revolver. Fitch forecasts ConnectWise's FCF to be in low
single digit in 2024 due to recent transaction and grow to mid to
high teens through 2027 supported by EBITDA margin in the
high-30's.

Debt Structure: Pro forma for the transaction ConnectWise has
$1.474 billion of secured first lien debt due 2028 and $70 million
undrawn revolver with extended maturity of 2027. Given the
recurring nature of the business and adequate liquidity, Fitch
believes ConnectWise will be able to make its required debt
payments.

Issuer Profile

ConnectWise is a provider of software solutions for IT Managed
Service Providers (MSPs) and Technology Service Providers (TSPs)
encompassing the full scope of business activities including
Business Management, Security Management, and Unified Management.
ConnectWise software platform used by more than 45,000 customers.

MACROECONOMIC ASSUMPTIONS AND SECTOR FORECASTS

Fitch's latest quarterly Global Corporates Macro and Sector
Forecasts data file which aggregates key data points used in its
credit analysis. Fitch's macroeconomic forecasts, commodity price
assumptions, default rate forecasts, sector key performance
indicators and sector-level forecasts are among the data items
included.

ESG Considerations

The highest level of ESG credit relevance is a score of '3', unless
otherwise disclosed in this section. A score of '3' 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. Fitch's ESG Relevance Scores are not
inputs in the rating process; they are an observation on the
relevance and materiality of ESG factors in the rating decision.

   Entity/Debt             Rating        Recovery   Prior
   -----------             ------        --------   -----
ConnectWise, LLC     LT IDR B+  Affirmed            B+

   senior secured    LT     BB+ Affirmed   RR1      BB+

ConnectWise
Holdings, LLC        LT IDR B+  Affirmed            B+


CONNECTWISE LLC: Moody's Affirms 'B2' CFR, Outlook Stable
---------------------------------------------------------
Moody's Ratings affirmed ConnectWise, LLC's B2 corporate family
rating, B2-PD probability of default rating, and B2 backed senior
secured bank credit facilities rating following a proposed $450
million add-on. At the same time Moody's assigned a B2 rating to
the extended backed senior secured revolving credit facility due
September 2027. The outlook is stable.

Net proceeds from the term loan add-on along with the balance sheet
cash will be used by ConnectWise to acquire two companies that
provide business continuity and disaster recovery software for
Managed Service Providers (MSP) for a combined purchase price of
$500 million.

The affirmation reflects Moody's view that the acquisitions will
bring important capabilities in the high-growth data protection and
backup market, expanding ConnectWise's cross-sell opportunity and
improving its competitive position. Pro forma for the transaction,
ConnectWise's leverage will increase to about 6.4x debt/EBITDA
(Moody's adjusted) from 4.8x as of LTM June 30, 2024. Over the next
12 to 18 months, Moody's expect the company will reduce leverage to
around 5.5x driven by high single digit revenue growth and
realization of synergies. Nevertheless, Moody's anticipate that
ConnectWise will continue to actively seek new debt-funded M&A
opportunities to add new tools and products to its software
platform, which will likely limit the potential for further
deleveraging.

RATINGS RATIONALE

ConnectWise's B2 CFR reflects the company's moderate operating
scale, limited product diversity and exposure to the fragmented and
highly competitive software solutions market for MSPs. While its
distribution through MSP partners is efficient, ConnectWise depends
on non-exclusive relationships and the MSPs' effectiveness for
sales productivity.

ConnectWise benefits from its large customer base, strong market
position, and solid growth potential driven by the high demand for
IT solutions among small and medium businesses (SMBs), which
increasingly depend on MSP partners. Despite the macroeconomic
uncertainty and high interest rates affecting SMB spending and
slowing ConnectWise's revenue growth, Moody's anticipate this
growth will stay robust in the high single digits over the next 12
to 18 months.

Moody's expect that ConnectWise will maintain very good liquidity
over the next 12 to 18 months supported by a cash balance at close
of $185 million, Moody's expectation for strong annual free cash
flow of around $70 million, and an undrawn $70 million revolving
credit facility due 2027. The revolving facility has a springing
maximum first lien net leverage ratio covenant of 7.75x tested at
35% utilization. Moody's expect the company to maintain a
sufficient cushion over the next 12 to 18 months.

The stable outlook reflects Moody's expectation that ConnectWise's
revenue will grow by high single digits and that the company will
successfully integrate its acquisitions and reduce leverage to
around 5.5x (Moody's adjusted) over the next 12 to 18 months.

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

The ratings could be upgraded if ConnectWise continues to grow
organically, the company and financial sponsor demonstrate a strong
commitment to conservative financial policies and leverage is
expected to remain below 5x debt/EBITDA (Moody's adjusted).

The ratings could be downgraded if ConnectWise pursues aggressive
financial policies (e.g., debt funded M&A or dividend payments)
that result in increased leverage above 6.5x debt/EBITDA (Moody's
adjusted), or if free cash flow to debt is expected to be sustained
below 5%.

Headquartered in Tampa, Fl, ConnectWise, LLC is a provider of
software solutions that enable MSPs to serve their SME end
customers. Pro forma for the acquisitions, ConnectWise generated
about $800 million of revenue in the LTM June 30, 2024. The company
is owned by private equity firm Thoma Bravo.

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


COWTOWN BUS: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Cowtown Bus Charters, Inc.
          a/k/a Cowtown Transportation Company LLC
          f/k/a Cowtown Charters
        5504 Forest Hill Drive
        Fort Worth TX 76119

Business Description: Cowtown Bus is a full service bus charter
                      company providing local to national
                      transportation.

Chapter 11 Petition Date: September 6, 2024

Court: United States Bankruptcy Court
       Northern District of Texas

Case No.: 24-10161

Debtor's Counsel: Mark J. Petrocchi, Esq.
                  GRIFFITH, JAY & MICHEL, LLP
                  2200 Forest Park Blvd.
                  Fort Worth TX 76110
                  Tel: (817) 926-2500
                  Email: mpetrocchi@lawgjm.com

Total Assets as of Aug. 22, 2024: $1,237,132

Total Liabilities as of Aug. 22, 2024: $4,370,485

The petition was signed by Brenda Cross as president and director.

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

https://www.pacermonitor.com/view/654UBMI/Cowtown_Bus_Charters_Inc__txnbke-24-10161__0003.3.pdf?mcid=tGE4TAMA

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

https://www.pacermonitor.com/view/2HF7VKQ/Cowtown_Bus_Charters_Inc__txnbke-24-10161__0001.0.pdf?mcid=tGE4TAMA


CREATION TECHNOLOGIES: S&P Alters Outlook to Stable, Affirms B- ICR
-------------------------------------------------------------------
S&P Global Ratings revised its outlook to stable from negative and
affirmed its 'B-' issuer credit rating on electronics manufacturing
services provider Creation Technologies Inc. S&P also affirmed its
'B-' issue-level and '3' recovery rating on Creation's first-lien
term loan.

The stable outlook reflects S&P's expectation that while industrial
tech demand weakness will hamper revenue growth, Creation's
improved EBITDA margins, strong demand from its aerospace and
defense (A&D) and medical customers, FOCF, and total liquidity
close to $100 million will help it sustain S&P Global Ratings-
adjusted leverage in the mid-6x area.

Due to improved working capital management and cost-saving
initiatives, Creation Tech's FOCF should be positive in 2024. In
2023, like many other tech hardware names, semiconductor supply
chain constraints improved such that Creation began to work down a
large inventory balance. In addition, Creation took on more
customer deposits to help with working capital management. Strong
demand for its services increased revenue more than 10% year over
year in 2023. Due to its significant working capital improvement
and top-line growth, Creation generated more than $25 million of
FOCF in 2023.

Despite industrial tech weakness leading to an expected revenue
declines in 2024, S&P believes that Creation can offset it and
generate positive FOCF in 2024. It took on a large initiative in
fourth quarter of 2023 to reduce its cost structure to match the
weaker expected demand for industrial tech products in 2024. This
has improved EBITDA more than 20% in the first half compared to the
first half of 2023, even as revenue declined by between 3% and 5%.
Creation Tech also consolidated its Mexico plants such that EBITDA
margins should stay stable between 8% and 9% in the second half.

Creation Tech has also continued improving its working capital as
it works down inventory. While Creation reported slightly negative
FOCF for the first half of 2024, that was mainly due to roughly $12
million of delayed customer collections to the first week of the
third quarter. S&P said, "If we added that back, FOCF would be
modestly positive for the first half. We expect Creation will
continue to work down working capital on strong demand for its A&D
and medical electronic products in second half." That and stable
EBITDA margins should allow for more than $10 million of FOCF in
2024.

S&P said, "The stable outlook reflects our expectation that while
industrial tech demand weakness will hamper revenue growth,
Creation's improved EBITDA margins, strong demand from its
aerospace and defense (A&D) and medical customers, FOCF, and total
liquidity close to $100 million will help it sustain S&P Global
Ratings- adjusted leverage in the mid-6x area."

S&P could lower the rating if:

-- S&P believes that Creation Tech's capital structure is
unsustainable. This could be due to large decline in customer
demand, prolonged semiconductor supply chain constraints, or a
tougher macroeconomic environment that lead to an FOCF deficit
after debt service; or

-- Creation's total liquidity approaches $50 million.

While unlikely over the next 12 months, S&P could raise the rating
on Creation if it expects it to:

-- Maintain leverage below the 6x area;

-- Generate more than $25 million of FOCF without the aid of
working capital monetization; and

-- Maintain these metrics through the normal course of
sector-specific and macroeconomic volatility, acquisitions, and
shareholder returns.

This could occur if industrial tech demand improved, and the
company continued to expand its profitability on new cost-saving
initiatives.

S&P said, "Governance factors are a moderately negative
consideration in our credit rating analysis of Creation Tech, 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 controlling owners. This also reflects the generally finite
holding periods and a focus on maximizing shareholder returns."



CRESCENT ENERGY: Eagle Ford Deal No Impact on Moody's 'Ba3' CFR
---------------------------------------------------------------
Moody's Ratings commented that Crescent Energy Finance LLC's
proposed offering of add-on senior unsecured notes due 2033 and
announced acquisition of assets in the Eagle Ford basin do not
affect its ratings, including the Ba3 Corporate Family Rating and
B1 senior unsecured notes ratings, or the stable outlook.

Crescent will use net proceeds from the $250 million add-on notes
issuance initially to repay revolver borrowings. The bolt-on
acquisition in the Eagle Ford basin for about $168 million of cash
consideration incudes assets adjacent to Crescent's existing
footprint with about 4 thousand barrels per day (Mboe/d) of
production (about 85% oil). This acquisition is expected to close
later in September, and will be funded by revolver borrowings.

Crescent has meaningful scale in the Eagle Ford and Uinta basins.
The company uses acquisitions to drive growth and is well
positioned to continue benefiting from consolidation. At the end of
July 2024, Crescent closed on its $2.1 billion acquisition of
SilverBow Resources, Inc. (SilverBow), increasing size with
complementary assets in the Eagle Ford, providing synergy
opportunities and potential operational efficiencies. Pro forma for
the SilverBow acquisition (and excluding the new bolt-on
acquisition), estimated production in 2024 is roughly 250 Mboe/d
(39% oil, 44% natural gas, and 17% NGLs). As of June 30, 2024,
SilverBow had about $1.1 billion of debt. SilverBow shareholders
received Crescent equity and elected to receive $358 million in
cash consideration (out of a maximum of $400 million), resulting in
debt comprising roughly two-thirds of the total acquisition
consideration.

Important to Crescent's credit profile is the balance of long-term
debt and equity used to finance acquisitions, as well as using free
cash flow to reduce leverage. Moody's expect Crescent will continue
to pursue acquisitions, focusing on producing assets with low
decline rates that are complementary to its existing portfolio of
assets, and to continue the return of capital to shareholders,
doing both in a disciplined manner that preserves the company's
balance sheet strength and liquidity. The company has a stated
long-term leverage target of 1.0x but could go up to 1.5x to fund
an acquisition. The stable outlook reflects Moody's expectation for
Crescent to maintain strong credit metrics and solid liquidity as
the company grows via acquisitions.

Crescent, headquartered in Houston, Texas, is a subsidiary of
publicly traded Crescent Energy Company, an independent exploration
and production company. KKR has an ownership interest (held by an
indirect subsidiary of KKR & Co. Inc.) in Crescent and also manages
Crescent.


DATO A/C: Plan Exclusivity Period Extended to November 25
---------------------------------------------------------
Judge Elizabeth S. Stong of the U.S. Bankruptcy Court for the
Eastern District of New York extended Dato A/C Inc.'s exclusive
periods to file its chapter 11 plan of reorganization and
disclosure statement to November 25, 2024.

This is the Debtor's fourth request for an extension of the
Debtor's time period to file a chapter 11 plan of reorganization
and disclosure statement and the general time to file a plan and
disclosure statement through and including. This fourth extension
is not made for the purpose of delay.

The fourth requested extension of the Debtor's time period to file
a chapter 11 plan of reorganization and disclosure statement and
the general time to file a plan and disclosure statement is
necessary due to the fact, that the referenced time to file a plan
is set to expire on August 26, and the Debtor needs an additional
time to negotiate the resolution of the claim filed by the U.S.
Small Business Administration, to draft the settlement agreement,
thereafter to obtain Court approval of the mutually reached terms
and to file a plan of reorganization, incorporating settlement
terms reached by the parties and offering treatment to remaining
Creditors of the estate.

Furthermore, the fourth extension of the Debtor's time period to
file a chapter 11 plan of reorganization and disclosure statement
will allow the Debtor to file a Chapter 11 plan without violating
the Bankruptcy Code and to provide treatment to its creditors.

Dato A/C Inc. is represented by:

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

                      About Dato A/C Inc.

Dato A/C Inc. sought protection for relief under Chapter 11 of the
Bankruptcy Code (Bankr. E.D.N.Y. Case No. 23-41547) on May 3, 2023,
with as much as $50,000 in assets and $100,001 to $500,000 in
liabilities.

Judge Elizabeth S. Stong presides over the case.

The Debtor tapped Alla Kachan, Esq., at the Law Offices of Alla
Kachan P.C. as bankruptcy counsel and Wisdom Professional Services,
Inc. as accountant.


DIAMOND OFFSHORE: S&P Raises ICR to 'BB-' on Acquisition by Noble
-----------------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on Diamond
Offshore Drilling Inc. to 'BB-' from 'B' and removed it from
CreditWatch, where S&P placed it with positive implications on June
10, 2024. S&P raised its issue-level rating on Diamond Offshore's
8.5% senior secured second-lien notes due in 2030 to 'BB+' from
'BB-', and removed them from CreditWatch.

Subsequently, S&P withdrew its issuer credit rating on Diamond
Offshore.

On Sept. 4, 2024, Noble Corp. completed its acquisition of Diamond
Offshore for total consideration of about $2.2 billion, including
the assumption of Diamond Offshore's debt. S&P said, "We raised our
issuer credit rating on Diamond Offshore to 'BB-' to equalize it
with our issuer credit rating on Noble Corp. and removed it from
CreditWatch. We subsequently withdrew our issuer credit rating on
Diamond Offshore."

S&P said. "We raised our issue-level rating on Diamond Offshore's
8.5% senior secured second-lien notes due in 2030 to 'BB+' from
'BB-' and removed them from CreditWatch. About $535 million of the
notes were outstanding as of June 30, 2024. Diamond Offshore's
notes will be assumed by Noble Corp. and remain secured by the same
collateral, namely the rig fleet acquired from Diamond Offshore. We
consider the Diamond Offshore subsidiary to be a core subsidiary of
Noble Corp. The recovery rating on the senior secured notes remains
'1'."



DIGITAL ALLY: Signs Second Amendment to Clover Leaf Merger Deal
---------------------------------------------------------------
Digital Ally, Inc., disclosed in a Form 8-K filed with the
Securities and Exchange Commission that on Aug. 30, 2024, Clover
Leaf Capital Corp., Yntegra Capital Investments LLC, ("Purchaser
Representative"), and the Company entered into Amendment No. 2 to
the Merger Agreement.  Pursuant to the Second Merger Agreement
Amendment, the parties agreed to extend the Outside Date (as
defined in the Merger Agreement) further from Aug. 30, 2024 to
Sept. 22, 2024.

On June 1, 2023, Digital Ally's wholly-owned subsidiary, Kustom
Entertainment, Inc., entered into an Agreement and Plan of Merger,
by and among Clover Leaf, CL Merger Sub, Inc., a Nevada corporation
and a wholly-owned subsidiary of the Purchaser, Yntegra Capital,
Kustom Entertainment, and the Company.

On June 24, 2024 the parties to the Merger Agreement entered into
the First Amendment to Merger Agreement, pursuant to which the
Outside Date (as defined in the Merger Agreement) was extended from
July 22, 2024 to Aug. 30, 2024, subject to certain customary
exceptions.

A copy of the Second Merger Agreement is available for free at:

https://www.sec.gov/Archives/edgar/data/1342958/000149315224035020/ex2-1.htm

                      About Digital Ally

The business of Digital Ally (NASDAQ: DGLY) (with its wholly-owned
subsidiaries, Digital Ally International, Inc., Shield Products,
LLC, Digital Ally Healthcare, LLC, TicketSmarter, Inc., Worldwide
Reinsurance, Ltd., Digital Connect, Inc., BirdVu Jets, Inc., Kustom
440, Inc., Kustom Entertainment, Inc., and its majority-owned
subsidiary Nobility Healthcare, LLC), is divided into three
reportable operating segments: 1) the Video Solutions Segment, 2)
the Revenue Cycle Management Segment and 3) the Entertainment
Segment. The Video Solutions Segment is the Company's legacy
business that produces digital video imaging, storage products,
disinfectant and related safety products for use in law
enforcement, security and commercial applications. This segment
includes both service and product revenues through its subscription
models offering cloud and warranty solutions, and hardware sales
for video and health safety solutions. The Revenue Cycle Management
Segment provides working capital and back-office services to a
variety of healthcare organizations throughout the country, as a
monthly service fee. The Ticketing Segment acts as an intermediary
between ticket buyers and sellers within its secondary ticketing
platform, ticketsmarter.com, and the Company also acquires tickets
from primary sellers to then sell through various platforms.

New York, NY-based RBSM LLP, the Company's auditor since 2019,
issued a "going concern" qualification in its report dated April 1,
2024, citing that the Company has incurred substantial operating
losses and will require additional capital to continue as a going
concern. This raises substantial doubt about the Company's ability
to continue as a going concern.


ECHOSTAR CORP: Wants to Sell Additional Bonds to Extend Maturities
------------------------------------------------------------------
Jessica Nix of Bloomberg Law reports that Dish parent EchoStar
Corp. may need to sell more spectrum-backed Bonds.

EchoStar Corp., which early this year tableda controversial
debt-restructuring effort, may need to sell more bonds backed by
its wireless spectrum to extend maturities, according to Bloomberg
Intelligence.

Again calling EchoStar's $22 billion of borrowings "likely
untenable," senior credit analyst Stephen Flynn wrote Monday that
steps the firm could take to improve liquidity and push out due
dates include using "unencumbered assets to facilitate
debt-for-debt exchanges or raise new capital, with proceeds funding
bond tender offers, reports Bloomberg Law."

         About EchoStar Corporation

EchoStar Corporation (Nasdaq: SATS) -- www.echostar.com -- is a
provider of technology, networking services, television
entertainment, and connectivity, offering consumer, enterprise,
operator, and government solutions worldwide under its EchoStar,
Boost Mobile, Boost Infinite, Sling TV, DISH TV, Hughes, HughesNet,
HughesON, and JUPITER brands. In Europe, EchoStar operates under
its EchoStar Mobile Limited subsidiary, and in Australia, the
Company operates as EchoStar Global Australia.

EchoStar reported a net loss of $1.63 billion for the year ended
Dec. 31, 2023, compared to net income of $2.53 billion for the year
ended Dec. 31, 2022. As of March 31, 2024, the Company had $55.55
billion in total assets, $35.71 billion in total liabilities, and
$19.84 billion in total stockholders' equity.

Denver, Colorado-based KPMG LLP, the Company's auditor since 2002,
issued a "going concern" qualification in its report dated Feb. 29,
2024, citing that the Company has debt maturing in 2024 and expects
to use a substantial amount of cash in the next twelve months. This
raises substantial doubt about the Company's ability t o continue
as a going concern.











ELETSON HOLDINGS: Court Gives Chapter 11 Debtor Plan Hearing
------------------------------------------------------------
Rick Archer of Law360 reports that the judge says debtor plan will
get hearing in Eletson Chapter 11.

A New York bankruptcy judge Wednesday, August 22, 2024, said he
will give a hearing to all three Chapter 11 plans proposed for
shipping company Eletson Holdings, rejecting arguments that the
creditor voting results spell the end of Eletson's proposal,
according to Law360.

             About Eletson Holdings

Eletson Holdings Inc. is a family-owned international shipping
company, which touts itself as having a global presence with
headquarters in Piraeus, Greece as well as offices in Stamford,
Connecticut, and London.

At one time, Eletson claimed to own and operate one of the world's
largest fleets of medium and long-range product tankers and boasted
a fleet consisting of 17 double hull tankers with a combined
capacity of 1,366,497 dwt, 5 LPG/NH3 carriers with a combined
capacity of 174,730 cbm and 9 LEG carriers with capacity of 108,000
cbm.

Eletson Holdings, a Liberian company, is Eletson's ultimate parent
company and is the direct parent and owner of 100% of the equity
interests in the two other debtors, Eletson Finance (US) LLC, and
Agathonissos Finance LLC.

Eletson and its two affiliates were subject to involuntary Chapter
7 bankruptcy petitions (Bankr. S.D.N.Y. Case No. 23-10322) filed on
March 7, 2023 by creditors Pach Shemen LLC, VR Global Partners,
L.P. and Alpine Partners (BVI), L.P. The petitioning creditors are
represented by Kyle J. Ortiz, Esq., at Togut, Segal & Segal, LLP.
On Sept. 25, 2023, the Chapter 7 cases were converted to Chapter
11
cases.

The Honorable John P. Mastando, III is the case judge.

Derek J. Baker, Esq., represents the Debtors as bankruptcy
counsel.

On Oct. 20, 2023, the U.S. Trustee for Region 2 appointed an
official committee of unsecured creditors in these Chapter 11
cases. The committee tapped Dechert, LLP as its legal counsel.







ELK CREEK ESCAPE: Seeks Chapter 11 Bankruptcy in Pennsylvania
-------------------------------------------------------------
On August 14, 2024, Elk Creek Escape LLC filed Chapter 11
protection in the Middle District of Pennsylvania. According to
court filing, the Debtor reports between $1 million and $10 million
in debt owed to 1 and 49 creditors. The petition states that funds
will be available to unsecured creditors.

A meeting of creditors under 11 U.S.C. Section 341(a) is slated for
September 12, 2024 at 11:00 a.m. in Room Telephonically.

           About Elk Creek Escape LLC

Elk Creek Escape LLC is a local campground that provides a variety
of camping amenities, including rustic style cabins, campsite
firepits & more.

Elk Creek Escape LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D. Penn. Case No. 24-02003) on August 14,
2024. In the petition filed by Connie J. Klick, as member, the
Debtor reports estimated assets and liabilities between $1 million
and $10 million each.

Honorable Bankruptcy Judge Mark J. Conway handles the case.

The Debtor is represented by:

     Lisa M. Doran, Esq.
     DORAN & DORAN, PC
     69 Public Square STE 700
     Wilkes Barre PA 18701
     Tel: (570) 823-9111
     Email: ldoran@dorananddoran.com



ELYSIUM AXIS: Hires Justin Sobodash as Special Counsel
------------------------------------------------------
Elysium Axis LLC seeks approval from the U.S. Bankruptcy Court for
the Central District of California to employ Justin Sobodash, P.C
as special litigation counsel.

The Debtor needs the firm's legal assistance in connection with the
state court complaint for Unlawful Detainer filed by The Arnett
Trustee U.D.T. 01-08-2024, Steve Arnett as Trustee v. Stanley C.
Woolbright, and Michael A. Woolbright, Co-Trustees of the
Woolbright Family Dated June 9, 2003, Cactus Gardens Opportunity
House, Inc. dba Recovery Beach, Case No. Case No.
30-2024-01379136-CU-UD-CJC; and Quieting of Title concerning 13222
Chapman Avenue, Garden Grove, California.

The firm will be paid at these rates:

      Justin Sobodash       $450 per hour
      Attorney              $365 per hour
      Law clerk             $105 per hour

On February 13, 2024 the Debtor paid a $13,500 retainer for the
Unlawful Detainer Matter. Between April 10, 2024 and June 18, 2024,
the Debtor paid the firm $19,903.38 for the pre-petition services
on the Unlawful Detainer Matter. On May 23, 2024, the Debtor paid
the firm a $12,500 retainer for the Quit Title Action.

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

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

The firm can be reached at:

     Justin Sobodash, Esq.
     Law Offices of Justin Sobodash, P.C.
     8335 W. Sunset Blvd., Ste. 366
     West Hollywood, CA 90069
     Tel: (310) 729-2184
     Email: justin@sobodashlaw.com

              About Elysium Axis LLC

Elysium Axis, LLC owns and operates a health care business. In
Garden Grove, Calif

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. C.D. Calif. Case No. 24-11557) on June 20,
2024, with $500,000 to $1 million in assets and $1 million to $10
million in liabilities. John-Patrick Fritz serves as Subchapter V
trustee.

Judge Scott C. Clarkson presides over the case.

Michael Jay Berger, Esq., at the Law Offices of Michael Jay Berger
represents the Debtor as bankruptcy counsel.

Tamar Terzian has been appointed as patient care ombudsman in the
Debtor's Chapter 11 case.


EMERGENT BIOSOLUTIONS: Successfully Refinances Debt
---------------------------------------------------
Emergent BioSolutions Inc. announced Sept. 3 the closing of a new
credit facility agreement with Oak Hill Advisors for a term loan of
up to $250 million.  Emergent used a portion of the proceeds of the
New Term Loan to repay all amounts outstanding under the senior
term loan facility under the Amended and Restated Credit Agreement,
dated Oct. 15, 2018, by and among Emergent, the lenders party
thereto from time to time, and Wells Fargo Bank, National
Association, as the Administrative Agent, which was scheduled to
mature in May 2025.  The New Term Loan maturity extends up to five
years, through August 2029.  Excess proceeds from the refinancing
will result in additional cash to the balance sheet.  Emergent also
terminated its obligations under the senior term loan facility and
the revolving credit facility under the Prior Credit Agreement.

"For the past 18 months, Emergent has executed on a series of
actions to strengthen the balance sheet and streamline operations,"
said Joe Papa, president and CEO of Emergent.  "These steps, which
include finalizing several asset/site divestures, resolving legacy
issues, and now, securing this significant debt refinancing, are
critical to stabilizing our financial profile."

In connection with the execution of the New Term Loan, Emergent
issued the lenders warrants to purchase 2.5 million shares of
common stock with a strike price at a premium to the volume
weighted average price per share for the 30 trading days ending on,
but excluding, the 10th business day following the closing date
(the "30-Day VWAP").  In addition, subject to certain limitations
Emergent agreed to issue the lenders shares of common stock with an
aggregate value of $10 million at a price per share equal to the
30-Day VWAP.

Papa continued, "We are thrilled to secure this new credit facility
with Oak Hill Advisors as we are on track to reduce net debt by
more than $200 million this year, positioning Emergent to enter its
next phase of our turnaround, enabling future growth and additional
investment opportunities with much greater freedom and flexibility
to operate through favorable terms."

As the lead agent, Oak Hill Advisors provides valuable partnership
opportunities and access to capital to allow execution on
turnaround plans across key market segments.

Joseph Goldschmid, managing director at Oak Hill Advisors, added,
"We are delighted to be a capital partner to Emergent.  This
financing provides Emergent with additional liquidity and
flexibility to deliver on its business plan and continue to provide
critical, life-saving products.  We are excited to support and
partner with the management team and the company in this next
chapter of scalable and profitable growth."

In addition, members of Emergent's senior management team will
participate in the following investor conferences in September:

2024 Wells Fargo Healthcare Conference
Boston, MA
September 4, 2024

H.C. Wainwright 26th Annual Global Investment Conference
New York City, NY
September 10, 2024, presentation scheduled at 4:00 PM eastern time.
Link to watch.

                    About Emergent Biosolutions

Headquartered in Gaithersburg, Md., Emergent Biosolutions Inc. is a
global life sciences company focused on providing innovative
preparedness and response solutions addressing accidental,
deliberate and naturally occurring public health threat. The
Company's solutions include a product portfolio, a product
development portfolio, and a contract development and manufacturing
("CDMO") services portfolio.

Tysons, Virginia-based Ernst & Young LLP, the Company's auditor
since 2004, issued a "going concern" qualification in its report
dated March 8, 2024, citing that the Company does not expect to be
in compliance with debt covenants in future periods without
additional sources of liquidity or future amendments to its Senior
Secured Credit Facilities and has stated that substantial doubt
exists about the Company's ability to continue as a going concern.



ENDRA LIFE: UBS Group AG Holds 146,012 Common Shares
----------------------------------------------------
UBS Group AG filed a Form 3 Report with the U.S. Securities and
Exchange Commission, disclosing beneficial ownership of 146,012
shares of common stock of ENDRA Life Sciences Inc. (NDRA), held
indirectly through UBS Securities LLC.

A full-text copy of the UBS Group's SEC Report is available at:

                  https://tinyurl.com/56a6hrjj

                          About ENDRA Life

Headquartered in Ann Arbor, Mich., ENDRA Life Sciences Inc. --
http://www.endrainc.com-- is the pioneer of Thermo Acoustic
Enhanced UltraSound (TAEUS), a groundbreaking technology that
characterizes tissue similar to an MRI, but at 1/40th the cost and
at the point of patient care. TAEUS is designed to work in concert
with the more than 700,000 ultrasound systems in use globally
today. TAEUS is initially focused on the non-invasive assessment of
fatty tissue in the liver. Steatotic liver disease (SLD, formerly
known as NAFLD-NASH) is a chronic liver disease spectrum that
affects over two billion people globally, and for which there are
no practical diagnostic tools. Beyond the liver, ENDRA is exploring
several other clinical applications of TAEUS, including
non-invasive visualization of tissue temperature during
energy-based surgical procedures.

New York, N.Y.-based RBSM LLP, the Company's auditor since 2015,
issued a "going concern" qualification in its report dated March
28, 2024, citing that the Company has suffered recurring losses
from operations, generated negative cash flows from operating
activities, has an accumulated deficit, and has stated that
substantial doubt exists about the Company's ability to continue as
a going concern.

As of June 30, 2024, ENDRA Life Sciences had $10,442,529 in total
assets, $1,448,588 in total liabilities, and $8,993,941 in total
stockholders' equity.


ESSAR STEEL: Court Narrows Claims in Cleveland-Cliffs Dispute
-------------------------------------------------------------
Judge Craig T. Goldblatt of the United States Bankruptcy Court for
the District of Delaware entered a Memorandum Opinion addressing
the pending motions in limine and motions for summary judgment in
the adversary proceeding captioned as MESABI METALLICS COMPANY LLC
(f/k/a Essar Steel Minnesota, LLC), Plaintiff, v. CLEVELAND-CLIFFS
INC., et al., Defendants, CLEVELAND-CLIFFS INC., et al.,
Counterclaim-Plaintiffs, v. MESABI METALLICS COMPANY LLC,
Counterclaim-Defendant, CLEVELAND-CLIFFS INC., et al.,
Third-Party-Plaintiffs, v. CHIPPEWA CAPITAL PARTNERS, LLC,
Third-Party-Defendant, Adv. Proc. No. 17-51210 (CTG) (D. Del.).

The Memorandum Opinion concludes that each of the in limine motions
should be denied. It further concludes, with respect to the motions
for partial summary judgment filed by Mesabi and Chippewa and the
motion for summary judgment filed by Cliffs, that:

   -- Mesabi is entitled to summary judgment with respect to the
definition of the relevant market and with respect to the question
whether Cliffs had monopoly power;

   -- Cliffs is not entitled to summary judgment on its contentions
that it did not exercise monopoly power, that it did not cause
Mesabi antitrust injury, and that Mesabi is unable to establish
that it suffered damages;

  -- Cliffs is entitled to summary judgment on Mesabi's claim for
tortious interference with contract and to partial summary judgment
on Mesabi's claim for tortious interference with business
relationships;

  -- Mesabi and Chippewa are entitled to summary judgment on
Cliffs' claim for tortious interference with business
relationships; and

   -- Both sides' conspiracy claims fail as a matter of law,
accordingly both sides (as defendants) are entitled to summary
judgment on each other's claims.

The Memorandum Opinion quotes and cites materials that were
designated as confidential under the terms of the protective order
and filed under seal. The Court does not believe, however, that any
of the information contained in the Memorandum Opinion is likely to
be sufficiently sensitive or confidential that it would fall
outside of the public's right to access judicial records. In order
to preserve the parties' rights to argue to the contrary, the
Memorandum Opinion has been docketed under seal so that it is
accessible only to the parties to this adversary proceeding. Those
parties are directed to treat the Memorandum Opinion as
confidential under the terms of the applicable protective order.

A copy of the Court's Notice of Docketing of Memorandum Opinion
dated August 27, 2024, is available at
https://urlcurt.com/u?l=hdI5L8

                 About Essar Steel Minnesota

Essar Steel Minnesota LLC, now known as Mesabi Metallics Company
LLC, and ESML Holdings Inc. filed for Chapter 11 bankruptcy
protection (Bankr. D. Del. Case Nos. 16-11627 and 16-11626) on July
8, 2016.  Madhu Vuppuluri, president and CEO, signed the
petitions.

ESML Holdings Inc. estimated assets at $1 billion to $10 billion
and debt at $500 million to $1 billion.  Essar Steel Minnesota LLC
estimated assets and debt at $1 billion to $10 billion.

Judge Brendan Linehan Shannon presided over the bankruptcy cases.

Lawyers at White & Case LLP and Fox Rothschild LLP served as
counsel to the Debtors.  Epic Bankruptcy Solutions, LLC, served as
claims and noticing agent.

Andrew Vara, acting U.S. trustee for Region 3, on July 20, 2016,
appointed the official committee of unsecured creditors of ESML
Holdings, Inc., and its affiliates.  The Committee retained
Kasowitz Benson Torres & Friedman LLP, to act as counsel.  Hogan
McDaniel served as Delaware counsel and Zolfo Cooper, LLC, served
as the Committee's financial advisor.

                           *     *     *

In June 2017, the Bankruptcy Court approved the Chapter 11 exit
plan that, according to the Duluth News Tribune, would allow the
stalled Essar Steel Minnesota taconite mine and pellet plant to
proceed to completion.  Duluth News Tribune said the plan allows
Chippewa Capital Partners to take control of the project, partially
payback more than $1 billion in claims and resume construction,
with an eye to beginning production by early 2020.


ETON STREET: Hires Joseph Finn Co. Inc. as Appraiser
----------------------------------------------------
Eton Street Brewery, LLC seeks approval from the U.S. Bankruptcy
Court for the Eastern District of Michigan to employ Joseph Finn
Co., Inc. as appraiser.

The firm will provide physical examination of all the machinery and
equipment to be appraised. Major items will be listed and valued
individually, noting manufacturer, model, capacity, and serial
number where available. Smaller items will be grouped into
appropriate lots, with a valuation placed against each group.

The firm will be paid at $9,500 for all services, plus
out-of-pocket costs.

Ross J. Finn, a Principal at Joseph Finn Co., Inc., disclosed in a
court filing that the firm is a "disinterested person" as the term
is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Ross J. Finn
     Joseph Finn Co., Inc.
     188 Nedham Street
     Newton, MA 02464
     Tel: (617) 964-1886
     Fax: (617) 964-7827

              About Eton Street Brewery, LLC

Eton Street Brewery, LLC is a brewery and distillery company in
Birmingham, Mich., offering beer, spirits, vodka and soda and hard
cider.

The Debtor filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. E.D. Mich. Case No. 24-47188) on July 26,
2024, with $10 million to $50 million in assets and $1 million to
$10 million in liabilities. Bonnie LePage, manager and president,
signed the petition.

The Debtor tapped Brendan G. Best, Esq., at Varnum, LLP as legal
counsel and Pagac & Company, PC as accountant.


EVOKE PHARMA: Registers $50 Million Worth of Securities
-------------------------------------------------------
Evoke Pharma, Inc. filed a registration statement on Form S-3 with
the U.S. Securities and Exchange Commission relating to a potential
offering and sale of up to $50 million in the aggregate of the
securities such as common stock, preferred stock, debt securities,
warrants, and units from time to time in one or more offerings.

Evoke Pharma may offer and sell the securities described in this
prospectus and any prospectus supplement to or through one or more
underwriters, dealers and agents, or directly to purchasers, or
through a combination of these methods.  If any underwriters,
dealers or agents are involved in the sale of any of the
securities, their names and any applicable purchase price, fee,
commission or discount arrangement between or among them will be
set forth, or will be calculable from the information set forth, in
the applicable prospectus supplement.

Evoke Pharma, Inc.'s common stock is listed on the Nasdaq Capital
Market under the symbol "EVOK." On August 28, 2024, the last
reported sale price of our common stock on the Nasdaq Capital
Market was $4.3959 per share.

As of August 28, 2024, the aggregate market value of its
outstanding common stock held by non-affiliates, or public float,
was approximately $5.766 million based on 819,272 shares of
outstanding common stock, of which 814,354 were held by
non-affiliates as of such date, at a price of $7.08 per share on
July 15, 2024, which was the highest closing sale price of its
common stock on the Nasdaq Capital Market within 60 days of the
filing date of this registration statement. Evoke Pharma have not
offered any securities pursuant to General Instruction I.B.6 of
Form S-3 during the prior 12 calendar month period that ends on and
includes the date of this prospectus. Pursuant to General
Instruction I.B.6 of Form S-3, in no event will it sell securities
registered on this registration statement in a public primary
offering with a value exceeding more than one-third of its public
float in any 12-month calendar period so long as its public float
remains below $75 million.

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

                  https://tinyurl.com/mr298my5

                        About Evoke Pharma

Headquartered in Solana Beach, California, Evoke Pharma, Inc. --
http://www.evokepharma.com-- is a specialty pharmaceutical company
focused primarily on the development of drugs to treat GI disorders
and diseases. The company developed, commercialized, and markets
GIMOTI, a nasal spray formulation of metoclopramide, for the relief
of symptoms associated with acute and recurrent diabetic
gastroparesis in adults.

San Diego, California-based BDO USA, P.C., the Company's auditor
since 2014, issued a "going concern" qualification in its report
dated March 14, 2024, citing that the Company has suffered
recurring losses and negative cash flows from operations since
inception. These factors raise substantial doubt about the
Company's ability to continue as a going concern.

Evoke Pharma reported a net loss of $7.79 million for the year
ended Dec. 31, 2023, compared to a net loss of $8.22 million for
the year ended Dec. 31, 2022. As of June 30, 2024, the Company had
$12,136,215 in total assets, $9,471,257 in total liabilities, and
$2,664,958 in total stockholders' equity.


EYENOVIA INC: Appoints Andrew Jones as Chief Financial Officer
--------------------------------------------------------------
Eyenovia, Inc., announced Sept. 3, 2024, the appointment of
experienced finance and accounting executive Andrew Jones as chief
financial officer.  Mr. Jones brings to the Eyenovia team more than
30 years of diverse finance and accounting leadership experience
spanning therapeutics and medical technology/devices, most recently
serving as chief financial officer of NovaBay Pharmaceuticals,
Inc., a publicly traded, commercial stage ophthalmic company.
Eyenovia's current CFO, John Gandolfo, is retiring and will remain
with the Company through November to help ensure a smooth
transition.

"We are very pleased to welcome Andrew to the Eyenovia team and
believe that his diverse and relevant experience is a perfect fit
for our Company at this crucial stage," stated Michael Rowe, chief
executive officer of Eyenovia.  "As we approach a critical data
readout for MicroPine later this year, the U.S. launch of
clobetasol, as well as the continued commercial ramp of Mydcombi,
we will rely on Andrew's track record of success -- in both
operations as well as capital raising -- to ensure that we are best
positioned for long-term success."

"Additionally, on behalf of the entire Eyenovia team, I would like
to thank John Gandolfo for his many contributions since joining the
Company in 2017.  We have made tremendous progress during that
time, and I wish him well in his retirement."

"Eyenovia's commercial strategy is rapidly advancing, with two
FDA-approved products and a third in late Phase 3 development, in
addition to several collaboration agreements that have the
potential to further advance and expand the use of its already
proven Optejet technology to address additional large market
ophthalmic indications," stated Mr. Andrew Jones.  "With many
opportunities to drive long-term growth and value creation, I am
excited to join the Eyenovia team as it works to be a leader in the
development of highly differentiated topical ophthalmic
medications."

Prior to joining Eyenovia, Mr. Jones served as the chief financial
officer and treasurer of NovaBay Pharmaceuticals during a
successful period of commercial growth and cost reductions.  Prior
to joining NovaBay, he served as Vice President of Finance at
MyoScience, Inc., a company that successfully developed and
commercialized a pain management device through its acquisition by
Pacira BioSciences, Inc.  Mr. Jones previously served as Controller
for various public and private life sciences companies including
Armetheon, Inc., Asante Solutions, Inc. and Genelabs Technologies,
Inc., and began his career with PricewaterhouseCoopers.  Mr. Jones
received a B.S. degree in Business Administration from the
University of Washington in Seattle.

Employment Agreement

In connection with his appointment as chief financial officer,
treasurer and secretary, Mr. Jones entered into an executive
employment agreement with the Company.  Pursuant to the Employment
Agreement, the Company will pay Mr. Jones an initial salary of
$440,000.  Mr. Jones will be eligible for a cash bonus based on
performance metrics to be determined by the Compensation Committee
of the Board, with an initial target of 40% of his annual base
salary.  

Mr. Jones' employment is "at will" and has no set term.  If Mr.
Jones' employment is terminated by the Company without cause or if
he suffers an Involuntary Termination, Mr. Jones will be entitled
to receive (i) 12 months of his then-current annual base salary,
less applicable withholdings and (ii) continuation of up to 12
months of group health insurance benefits for Mr. Jones, his spouse
and his dependents.  In the event of a qualifying termination
within 12 months following any change in control of the Company,
Mr. Jones would be eligible for similar benefits.

Nasdaq Rule 5635(c)(4) Notice

In connection with the commencement of his employment, Mr. Jones
was awarded an inducement grant of an option to purchase 200,000
shares of the Company's common stock at an exercise price equal to
the closing price per share of the Company's common stock on the
grant date, Aug. 30, 2024.  Such option is subject to a four-year
vesting schedule, with 25% of the shares subject to the option
vesting on the first anniversary of the grant date and the balance
of the shares to vest in equal annual installments over Mr. Jones'
subsequent three years of continuous service to the Company
thereafter.  The Compensation Committee of Eyenovia's Board of
Directors approved the award as an inducement material to Mr.
Jones' employment in accordance with Nasdaq Listing Rule
5635(c)(4).

                          About Eyenovia

New York, N.Y.-based Eyenovia, Inc. is an ophthalmic technology
company commercializing Mydcombi (tropicamide and phenylephrine HCL
ophthalmic spray) for inducing mydriasis for routine diagnostic
procedures and in conditions where short term pupil dilation is
desired, preparing for the commercialization of clobetasol
propionate ophthalmic suspension 0.05% ("clobetasol propionate"),
for the treatment of post-operative inflammation and pain following
ocular surgery, and developing the Optejet delivery system both for
use in combination with its own drug-device therapeutic programs
and for out-licensing for use in combination with therapeutics for
additional indications. The Company's aim is to improve the
delivery of topical ophthalmic medication through the ergonomic
design of the Optejet which facilitates ease-of-use and delivery of
a more physiologically appropriate medication volume, with the goal
to reduce side effects and improve tolerability and introduce
digital health technology to improve therapy compliance and
ultimately medical outcomes.

New York, N.Y.-based Marcum LLP, the Company's auditor since 2017,
issued a "going concern" qualification in its report dated March
18, 2024, citing that the Company has incurred significant losses
and needs to raise additional funds to meet its obligations and
sustain its operations.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.


FAMILY SOLUTIONS: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Family Solutions of Ohio, Inc.
        11635 Northpark Drive, Suite 320
        Wake Forest, NC 27587

Business Description: The Debtor owns and operates an outpatient
                      care center.

Chapter 11 Petition Date: September 5, 2024

Court: United States Bankruptcy Court
       Eastern District of North Carolina

Case No.: 24-03043

Judge: Hon. Pamela W Mcafee

Debtor's Counsel: Rebecca F. Redwine, Esq.
                  HENDREN, REDWINE & MALONE, PLLC
                  4600 Marriott Drive
                  Suite 150
                  Raleigh, NC 27612
                  Tel: (919) 420-7867
                  Fax: (919) 420-0475
                  Email: rredwine@hendrenmalone.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by John Hopkins Jr. as vice president.

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

https://www.pacermonitor.com/view/KWC24WQ/Family_Solutions_of_Ohio_Inc__ncebke-24-03043__0001.0.pdf?mcid=tGE4TAMA


FEEDEX COMPANIES: Hires Phillips & Thomas LLC as Counsel
--------------------------------------------------------
Feedex Companies LLC seeks approval from the U.S. Bankruptcy Court
for the District of Kansas to employ Phillips & Thomas LLC to
handle the Ch. 11 bankruptcy proceedings.

The services to be rendered include providing the services needed
in representing a Chapter 11 debtor-in-possession, which include:
preparation of the bankruptcy forms and schedules, attendance at
the Sec. 341 meeting and other court hearings, preparation of the
disclosure statement and Chapter 11 plan, client conferences,
filing monthly operating reports, phone calls, emails, dealing with
creditors, and resolving confirmation issues.

George J. Thomas will charge $350 per hour.

The firm has received a retainer amount of $28,262, and a filing
fee of $1,738.

George J Thomas, Esq., a partner at Phillips & Thomas LLC,
disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.
The firm can be reached through:

     George J Thomas, Esq.
     Phillips & Thomas LLC
     5251 W 116th Place, Suite 200
     Leawood, KS 66211
     Tel: (913) 385-9900
     Email: geojthomas@gmail.com

              About Feedex Companies LLC

Feedex Companies, LLC is a livestock feed producer in Hutchinson,
Kansas, offering a variety of specially formulated feed products
including cattle feed, calf feed, and chicken feed. It also offers
mill construction, nutrition consultation, and horizontal steam
conditioner services to meet the specific needs of its customers'
operation.

Feedex Companies filed Chapter 11 petition (Bankr. D. Kansas Case
No. 24-21039) on August 14, 2024, with $1 million to $10 million in
both assets and liabilities.

George J. Thomas, Esq., at Phillips & Thomas, LLC is the Debtor's
legal counsel.


FERRELLGAS LP: Moody's Cuts CFR to B2 & Alters Outlook to Negative
------------------------------------------------------------------
Moody's Ratings downgraded Ferrellgas, L.P.'s Corporate Family
Rating to B2 from B1, Probability of Default Rating to B2-PD from
B1-PD, and senior unsecured notes to B3 from B2. The rating outlook
was changed to negative from stable. The Speculative Grade
Liquidity (SGL) rating was downgraded to SGL-3 from SGL-2.

"The adverse ruling in the Eddystone litigation, upcoming debt
maturities in 2025 and 2026 and tightening liquidity have elevated
Ferrellgas's leverage and reduced its financial flexibility," said
Jake Leiby, Moody's Ratings Vice President. "The downgrade to B2
repositions the rating for increased financial leverage, while the
negative outlook highlights the refinancing risks and other
uncertainties."

RATINGS RATIONALE

Ferrellgas's B2 CFR reflects its rising refinancing risks,
financial costs associated with the Eddystone litigation ruling and
uncertainties regarding the company's appeal, deteriorating
liquidity, and complex capital structure. The company's revolving
credit facility will mature in March 2025 and its $650 million of
unsecured notes mature in April 2026. The company is appealing the
adverse ruling in the Eddystone litigation and if it is not
successful on appeal will be liable to fund the $169 million
judgment, the timing of which is uncertain. Ferrellgas has posted
$125 million of letters of credit to back the appeal bond, which
has meaningfully reduced available borrowing capacity under its
near-dated secured revolving credit facility. The company's
business is reliant on cold winter weather to drive cash flow
generation and a warm 2023-2024 winter has resulted in lower
earnings and a deterioration in credit metrics. The company's
leverage metrics were then further worsened by the sizable adverse
legal judgment which Moody's have incorporated into Moody's
adjustments.  

Adding to these challenges is Ferrellgas's complex capital
structure with class A units, class B units, and preferred shares
which require ~$65 million of annual distributions. Management has
publicly stated its desire to simplify the company's capital
structure by addressing the class B units by March 2026, which
could require additional borrowings.

Despite these concerns, the B2 CFR is supported by Ferrellgas's
meaningful scale and geographic diversity in the fragmented US
propane distribution industry, the base level of revenue generation
provided by its utility-like services offering, and its propane
tank exchange business which provides cash flow during the summer
months and has significant brand value. The B2 CFR is also
supported by its track record of consistently generating annual
free cash flow inclusive of preferred dividends through challenging
weather conditions.

The negative outlook reflects the refinancing risks associated with
its near-dated maturities, the uncertainty regarding the ultimate
outcome of the Eddystone litigation, and the company's leverage
profile over the medium term as management addresses the complex
capital structure.

Moody's expect Ferrellgas to maintain adequate liquidity through
calendar year 2025, as indicated by its SGL-3 rating, based on
Moody's expectation that the company will obtain an extension of
its revolving credit facility maturity of at least one year in the
near term. As of April 30, 2024, the company had $74 million of
cash and $280 million of borrowing capacity under its $350 million
secured revolving credit facility that matures in March 2025.
Moody's estimate that available borrowing capacity under the
revolving credit facility has been reduced to around $150 million
as a result of letters of credit posted as collateral for the
sureties and the surety bond related to the company's appeal of the
Eddystone litigation. Moody's expect Ferrellgas to generate
sufficient cash flow from operations to fund its needs including
capital spending and interest expense. The revolver's financial
covenants include a minimum interest coverage ratio of 2.50x, a
maximum secured leverage ratio of 2.50x, and a maximum total net
leverage ratio (with cash netting limited to $100 million if the
revolver usage is at or above 50%) of 4.75x. Moody's expect the
company to remain in compliance through calendar year 2025, but
note that the headroom for compliance is tight and subject to
weather related fluctuations in the company's financial
performance.

Ferrellgas's senior unsecured notes due 2026 and 2029 are rated B3,
one notch below the company's B2 CFR. The company's capital
structure includes $1,475 million senior unsecured notes, which
make up the majority of the debt, and a $350 million secured
revolving credit facility (unrated) that has a borrowing base
comprised of a fixed $200 million plus up to $150 million based on
a proportion of receivables and inventories, as defined in the
credit agreement. The revolver benefits from a first priority claim
over the company's assets, subordinating the senior notes to the
claims under the facility.

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

Ferrellgas's ratings could be downgraded if its refinancing needs
are not addressed in a timely manner as expected, liquidity
deteriorates further, or leverage (Debt/EBITDA) is sustained above
5.5x.

Although an upgrade is unlikely in the near-term, ratings could be
upgraded if the company fully resolves the Eddystone litigation,
addresses its complex capital structure and is able to sustain
leverage (Debt/EBITDA) under 4.5x.

Ferrellgas, L.P. (Ferrellgas), is an operating subsidiary of
Ferrellgas Partners L.P., a publicly traded company, that owns and
operates propane distribution businesses based in Liberty,
Missouri.

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


FIESTA PURCHASER: S&P Affirms 'B' ICR, Outlook Stable
-----------------------------------------------------
S&P Global Ratings affirmed its 'B' issuer credit rating on
U.S-based Fiesta Purchaser Inc. S&P also affirmed its 'B'
issue-level on the company's $1.22 billion senior secured term loan
and $500 million senior secured notes. The recovery rating remains
'3', reflecting its expectation for meaningful (50%-70%; rounded
estimate: 55%) recovery for lenders in the event of a default. S&P
withdraw the issuer credit rating at Shearer's Foods LLC and the
issue-level ratings on the existing debt at that entity.

S&P said, "At the same time, we assigned our 'CCC+' issue-level
rating to the company's proposed $400 million senior unsecured
notes with a '6' recovery rating, reflecting our expectation of
negligible recovery (0%-10%; rounded estimate: 0%) in the event of
default.

"The stable outlook reflects our expectation that Shearer's
operating performance will continue to benefit from new business
wins, resilient demand for its products and productivity
initiatives, such that leverage improves to mid-6x area over the
next 12 months."

Fiesta Purchaser, parent of Shearer's Foods LLC, plans to issue
$400 million senior unsecured notes to fund a $394 million dividend
to shareholders.

S&P said, "Our ratings affirmation following the proposed dividend
distribution reflects our expectation for pro forma S&P Global
Ratings-adjusted debt to EBITDA to decline to high-6x area in
fiscal 2024, which is below our 7x downgrade threshold.  The
proposed transaction adds about $400 million of debt to the
company's capital structure to fund a $394 million shareholder
distribution, increasing S&P Global Ratings-adjusted LTM leverage
to 7x from 5.8x as of June 29, 2024. Although leverage at close of
the transaction will be at our 7x downgrade threshold for the
current 'B' rating, we expect the company's EBITDA to grow in the
high-single-digit percent area over the next 12 months. We expect
this will decrease Fiesta's debt leverage to 6.8x by the end of
fiscal 2024 and 6.4x at the end of fiscal 2025. We expect the
company to sustain leverage below our downside trigger, albeit with
a tighter cushion.

"We expect sales and profitability growth to support deleveraging
following this transaction. Fiesta reported strong sales growth of
about 7.5% for the first nine months of fiscal 2024 (ended June
29), driven by strong demand growth for the company's private-label
products and contribution from the recent acquisition of
Super-Pufft USA. While we expect the macroeconomic environment to
remain weak, we believe the weak macroeconomic backdrop, including
stretched household budgets, will continue to drive steady demand
for its private-label product offerings. We forecast sales growth
of about 6% in fiscal 2024 and about 4% in fiscal 2025."

The company has secured additional new business with key customers,
which will add to volume growth. The company has also secured its
key commodity costs, which should protect margins. In addition,
product mix and customer mix changes, ongoing operational
improvements including automation opportunities, tight cost
control, and higher operating leverage continue to support
profitability. S&P said, "We estimate S&P Global Ratings-adjusted
EBITDA increased about 34% during the 12-months-ended June 29, 2024
compared with the same prior-year period. We expect the EBITDA
growth to slow in the fourth quarter of 2024 and into 2025, because
the company will no longer benefit from easier comparisons of
higher input costs, and sales growth will normalize to long-term
sector average growth rates. We forecast S&P Global
Ratings-adjusted EBITDA margins to improve to about 17%-17.5% in
fiscal 2024 and fiscal 2025 from 16.5% in fiscal 2023."

The proposed incremental debt will increase Fiesta's cash interest
burden and reduce its free operating cash flow (FOCF) generation.
S&P said, "We expect Fiesta's S&P Global Ratings-adjusted EBITDA
interest expense will be about $200 million in fiscal 2025 compared
with our previous expectation of about $156 million, due to the
proposed senior unsecured notes issuance. We believe the increase
will weaken the company's coverage ratios and forecast 1.9x EBITDA
interest coverage in fiscal 2025, which compares with our prior
forecast of 2.4x for the same period. We also forecast FOCF
generation of about $15 million-$20 million in fiscal 2025, which
is lower than our previous estimate of about $60 million. We expect
FOCF generation to improve thereafter, as capital expenditures
return to normalized levels of about $100 million, after heightened
investments of about $120 million annually over fiscal 2024 and
2025 to support the buildup of the company's multi-pack
capabilities."

Financial sponsor ownership and acquisition strategy will likely
keep S&P Global Ratings-adjusted debt to EBITDA over 5x. Shearer's
has a history of being acquisitive and using incremental debt to
fund dividends to shareholders leading to leverage sustained over
5x. S&P said, "While the company can reduce leverage from 7x pro
forma for this transaction as a result of profitability growth, we
believe its acquisition strategy and its financial sponsor
ownership may prevent S&P Global Ratings-adjusted leverage to
decline below 5x over the longer term. We expect Shearer's and its
financial sponsor to prioritize investment in the business to
expand capacity, capabilities, and geographic presence through
opportunistic acquisitions."

The stable outlook reflects S&P's expectation that Shearer's
operating performance will continue to benefit from new business
wins, resilient demand for its products and productivity
initiatives, such that leverage improves to mid-6x area over the
next 12 months.

S&P could lower its rating on Shearer's if leverage increases and
remains above 7x or if S&P expects substantial free cash flow
decline. This could happen if:

-- Shearer's loses key customers or has several plant closures or
disruptions; or

-- Operating issues (including supply chain, labor, or
inflationary pressures) cause profit and cash flow to degrade
materially; or

-- The company makes additional large, debt-funded acquisitions or
dividends.

While unlikely over the next 12 months, S&P could raise its ratings
if:

-- The company benefits from stronger volume growth and improves
profitability such that leverage declines to below 5x; and

-- The company demonstrates financial policies consistent with
maintaining leverage below 5x.



FINTHRIVE SOFTWARE: Fitch Lowers LongTerm IDR to 'CCC+'
-------------------------------------------------------
Fitch Ratings has downgraded FinThrive Software Intermediate
Holdings, Inc.'s Long-Term Issuer Default Rating (IDR) to 'CCC+'
from 'B-'. Fitch has also downgraded FinThrive's senior secured
first lien rating to 'B'/'RR2' from 'B+'/'RR2' and the senior
secured second lien rating to 'CCC-'/'RR6' from 'CCC'/'RR6'.
Fitch's actions affect approximately $2.0 billion of outstanding
and committed debt.

The ratings downgrade reflects the company's lower liquidity levels
and reduced financial flexibility, which are below Fitch's prior
expectations. High interest rates and slower implementation on new
booking wins have constrained FCF, causing reliance on the
revolving facility for operational expenses. Fitch expects FCF to
remain negative in 2024, while cash burn levels decline in 2025 as
the bookings' implementation pace improves.

Despite high leverage, Fitch expects FinThrive to manage operations
with available liquidity and EBITDA. A significant negative
deviation from base case expectations could lead to the company
relying on additional capital support or debt restructuring. Fitch
would consider further negative rating actions if this occurs.

Key Rating Drivers

Limited Liquidity Headroom: Increased interest rates and slower
implementation of new booking wins have constrained FCF generation,
leading the company to tap into the revolver to manage operational
expenses and interest payments. As of 2Q24, about $64 million
remains on the revolving facility, down from $150 million available
in 2Q23. Fitch expects FCF generation to remain negative in 2024.

Despite a strong improvement in YTD 2024 bookings and improvement
in booking implementation times, and Fitch continues to expect
operational metrics to improve as bookings get implemented and
realize improving cash generation, Fitch believes the available
liquidity buffers from which the company could improve on their
bookings implementation to FCF conversion are limited.

High Leverage: FinThrive's debt-financed acquisitive strategy,
following its acquisition by private equity (PE) sponsor Clearlake
Capital Group, has increased pro forma leverage from 8.2x to a
forecast 10.7x in fiscal 2024, above the 8.0x median for
Fitch-rated healthcare IT issuers. Fitch views the current leverage
as high, with the majority of EBITDA going toward interest
payments, limiting liquidity for working capital, capex and debt
amortization.

Despite high leverage, Fitch expects FinThrive to manage operations
with available liquidity. This depends on the company's near-term
execution converting new bookings to cash, managing its operations
and turning FCF positive.

Growth Rates Below Peers: FinThrive has historically experienced
low to mid-single-digit growth rates compared to the double-digit
rates of peers and the broader healthcare IT sector. The company
has primarily targeted the fully penetrated large hospital system
customer segment, leaving cross-sell efforts as the primary
mechanism for future growth.

Challenges such as labor shortages and wage pressures have affected
FinThrive's revenue due to prolonged implementation times, but
constraints on hospitals are gradually improving. FinThrive has
consistently secured new bookings each quarter; as such, Fitch
expects better revenue generation as these constraints ease and
bookings materialize.

Accelerated Growth Likely: Fitch believes the company may see
accelerated growth now that acquisitions for a comprehensive RCM
software platform are complete. Large hospital systems typically
engage many software tools to address the patient billing cycle.
Successful integration of acquired offerings and deployment of a
comprehensive platform may enhance cross-selling opportunities and
competitive positioning.

Supportive Secular Drivers: Fitch expects FinThrive to benefit from
strong secular trends in U.S. healthcare spending and utilization,
with The Centers for Medicare and Medicaid Services (CMS)
forecasting national health expenditure growth of 5.6% per year
through 2032 due to an aging demographic, medical
procedure/drug-cost inflation and utilization growth. Regulatory
burdens, claims processing complexity, and provider profitability
pressures support continued software adoption, benefiting the
credit profile.

Low Cyclicality: Fitch expects FinThrive, which maintained
consistent growth through the pandemic, to exhibit low cyclicality
as global macroeconomic pressures rise. Fitch believes the company
will exhibit strong correlation to overall U.S. healthcare spend
and utilization, which is highly nondiscretionary and experienced
uninterrupted growth since at least 2000, according to CMS.

Risks for material revenue declines are low as the company's strong
retention rates are supported by high switching costs involving
staff retraining, implementation costs, business interruption risks
and reduced productivity when swapping vendors. Fitch believes the
credit profile will demonstrate minor sensitivity to macroeconomic
cycles.

Strong Recurring Revenue and Margin Profile: FinThrive's software
offerings are delivered through a multitenant, single instance
cloud platform with around 64% of revenue generated from
subscriptions predominantly comprised of fixed-fee products. More
than 97% of the company's revenue is reoccurring in nature,
promoting visibility and further supported by gross retention
rates, which average more than 90%.

FinThrive maintains strong profitability metrics with EBITDA
margins above the 39% average and 13%-45% for Fitch-rated HCIT
peers. The strong margin profile is supported by a highly variable
cost structure typical of software developers.

Strategic Risks: Fitch notes risk in the go-to-market strategy that
targets large hospital systems, which positions FinThrive in direct
competition with larger RCM providers such as Change Healthcare,
Inc., which was acquired by Optum, and Experian Information
Solutions, Inc., which could quickly scale up investment in product
and sales efforts.

Large electronic health records (EHR) providers such as Cerner
Corp., acquired by Oracle Corp. (BBB/Stable) in 2021, or EPIC
Systems Corp. are entrenched in hospital IT systems and may
leverage their position to vertically integrate their software
stack by expanding into RCM capabilities. This risk is partially
mitigated by the substantial switching costs involved in replacing
an RCM vendor, evidenced by FinThrive's historical retention rates
of greater than 90%.

Derivation Summary

Compared to other HCIT peers, some of which are predominantly
PE-owned, Fitch expects FinThrive's FCF to remain constrained in
the near term due to high leverage levels and slower implementation
of new booking wins. The company also operates with lower liquidity
levels compared to peers, which could further constrain the
execution of bookings implementation and associated cash conversion
in the near term. Limited liquidity and elevated leverage levels
are primary factors in Fitch downgrading the company's IDR to
'CCC+' from 'B-'.

Fitch views the demand trends positively, though new client growth
prospects are partially limited relative to HCIT peers given the
company's target market of large hospital system customers. This
segment is characterized by high software adoption rates, rapid
consolidation that reduces the set of potential customers, and
higher competitive intensity with larger scale software providers
and entrenched EHR software providers seeking to expand wallet
share. As a result, the company primarily depends on cross-selling
to the existing client base in pursuit of growth.

Key Assumptions

- Mid-single-digit revenue growth forecast in 2024 improving to
high single digits in 2025, which factors in new bookings getting
implemented and executed;

- Mid-single-digit growth revenue expected per year, thereafter,
due to cross-selling efforts, new logo growth and increasing
medical procedure volumes, consistent with end-market forecasts;

- EBITDA margins assumed at 41% for 2024 expanding to the mid-40%
range over the forecast horizon due to realization of new booking
wins, cost savings and benefits from operating leverage;

- Capex intensity of 11% gradually declining to 9% over the rating
horizon;

- Extraordinary costs related to restructuring and acquisition
integration gradually declining to $5 million per annum;

- Base interest rates assumed for 2024,2025, 2026 and 2027 are as
follows: 5.2%, 4.5%, 3.5% and 3.5%, respectively. These base rates
are partially offset by savings from an interest rate hedge
implemented in 2023;

- Fitch forecast additional draws on the RCF to support operational
needs.

Recovery Analysis

Key Recovery Rating Assumptions

- The recovery analysis assumes FinThrive would be reorganized as a
going concern in bankruptcy rather than liquidated;

- Fitch assumed a 10% administrative claim.

Going Concern Approach

The going concern EBITDA estimate reflects Fitch's view of a
sustainable, post-reorganization EBITDA level upon which Fitch
bases the enterprise valuation (EV). Fitch contemplates a scenario
in which elevated competition from larger RCM providers results in
increased client churn and decreased revenue growth, as well as
increased sales and R&D expenses to address the challenges. As a
result, Fitch expects FinThrive would likely be reorganized with a
similar product strategy and higher than planned levels of
operating expenses as the company reinvests to ensure customer
retention and defend against competition.

Under this scenario, Fitch believes EBITDA margins would decline,
resulting in a going concern EBITDA of $182 million.

An EV multiple of 7x EBITDA is applied to the going concern EBITDA
to calculate a post-reorganization EV. The choice of this multiple
considered the following factors:

Comparable Reorganizations: In Fitch's 2023 edition of its
"Telecom, Media and Technology Bankruptcy Enterprise Values and
Creditor Recoveries" case studies, Fitch saw 12 reorganizations in
the technology sector where the median recovery multiple was 5.3x.
Of these companies, five were in the software subsector: Allen
Systems Group, Inc., Aspect Software Parent, Inc., Avaya, Inc.,
Sungard Availability Services Capital,Inc. and Riverbed Software.
They received recovery multiples of 8.4x , 5.5x, 7.5x, 4.6x and
8.3x, respectively. Fitch believes the Allen Systems Group, Inc.
reorganization is highly supportive of the 7.0x multiple assumed
for FinThrive, given the mission critical nature of both companies'
offerings.

M&A Precedent Transaction: A study of M&A in the HCIT industry from
2015 to 2020 that included an examination of 42 transactions
involving RCM providers established a median EV/EBITDA transaction
multiple of 15x. More recent comparable M&A — such as the buyouts
of athenahealth, Waystar and eSolutions — continue to support
similar transaction multiples.

Fitch evaluated a number of qualitative and quantitative factors
that are likely to influence the going concern valuation:

- Secular trends and the regulatory environment are highly
supportive as increased regulatory burdens, claims processing
complexity and reimbursement pressures promote demand growth;

- Barriers to entry are high relative to software issuers as deep
domain and regulatory expertise are required to develop solutions
for automated claims processing;

- FinThrive is a top-five RCM software provider to large hospital
systems but is still of significantly smaller scale than certain
competitors such as Change Healthcare, now acquired by Optum, and
Experian Information Solutions;

- Revenue and cash flow outlook are favorable as long-standing
secular trends in health expenditures are supportive of revenue
growth, while strong profitability and low capital intensity
promote positive FCF generation;

- Revenue certainty is high as a result of the 97% reoccurring
revenue profile;

- EBITDA margins are near the top of 13%-50% range for Fitch-rated
HCIT peers;

- Operating leverage is durable given a highly variable cost
structure typical of software developers. Fitch believes these
factors reflect a particularly attractive business model that is
likely to generate significant interest, resulting in a recovery
multiple at the high-end of Fitch's analysis.

The recovery model implies a 'B' and 'RR2' Recovery Rating for the
company's first-lien senior secured facilities, reflecting Fitch's
belief that lenders should expect to recover 71%-90% in a
restructuring scenario. The recovery model also implies a rating of
'CCC-'/'RR6'to the second-lien term loan reflecting Fitch's belief
that lenders should expect to recover 0%-10% of their value in a
restructuring scenario.

RATING SENSITIVITIES

Factors that Could, Individually or Collectively, Lead to Positive
Rating Action/Upgrade

- Successful execution on bookings implementation and managing
operations leading to sustained positive FCF generation sufficient
to cover scheduled amortization payments;

- EBITDA interest coverage sustained above 1.5x;

- Successful refinancing/paydown of the revolving credit facility
maturing in December 2026.

Factors that Could, Individually or Collectively, Lead to Negative
Rating Action/Downgrade

- Further deterioration in liquidity prospects leading the company
to potentially seeking external liquidity support/restructure its
debt;

- Revenue declines resulting from market share losses or
deterioration in competitive position.

Liquidity and Debt Structure

Limited Liquidity: The company's available liquidity, including the
revolver, has decreased to approximately $68 million in Q2 2024,
compared to $177 million in Q2 2023. Fitch forecasts negative free
cash flow (FCF) in 2024 and anticipates further draws on the
revolver to manage operational expenses and interest payments in
the near term.

While Fitch expects FCF generation to turn positive over the
forecast horizon as booking wins are implemented and cash
conversion improves, it also considers the potential risks
associated with executing on booking implementations in the near
term. These risks could further deteriorate liquidity and
potentially lead to the company needing external capital market
support.

Debt Maturities: The revolving facility matures on December 2026.
Fitch expects the company to be able to refinance this facility as
operational performance improves and FCF generation turns positive.
However, the above depends on the company being able to execute on
implementing new booking wins and managing operations in the near
term. Significant negative deviations from its base case
expectations could potentially increase refinancing risk.

Issuer Profile

FinThrive is a provider of healthcare RCM software solutions that
serves more than 3,000 healthcare organizations, including 37 of
the top 40 U.S. health systems.

Summary of Financial Adjustments

Sources of Information

MACROECONOMIC ASSUMPTIONS AND SECTOR FORECASTS

Fitch's latest quarterly Global Corporates Macro and Sector
Forecasts data file which aggregates key data points used in its
credit analysis. Fitch's macroeconomic forecasts, commodity price
assumptions, default rate forecasts, sector key performance
indicators and sector-level forecasts are among the data items
included.

ESG Considerations

The highest level of ESG credit relevance is a score of '3', unless
otherwise disclosed in this section. A score of '3' 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. Fitch's ESG Relevance Scores are not
inputs in the rating process; they are an observation on the
relevance and materiality of ESG factors in the rating decision.

   Entity/Debt             Rating          Recovery   Prior
   -----------             ------          --------   -----
Finthrive Software
Intermediate
Holdings, Inc.       LT IDR CCC+ Downgrade            B-

   senior secured    LT     B    Downgrade   RR2      B+

   Senior Secured
   2nd Lien          LT     CCC- Downgrade   RR6      CCC


FIRST COAST: Hires Law Offices of Mickler & Mickler as Attorney
---------------------------------------------------------------
First Coast Roll Offs, LLC seeks approval from the U.S. Bankruptcy
Court for the Middle District of Florida to employ Law Offices of
Mickler & Mickler, LLP as attorney.

The firm will provide general representation to the Debtor in the
bankruptcy case, and perform all legal services necessary.

The firm will be paid a retainer in the amount of $300-$400 per
hour.

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Bryan K. Mickler, a partner at Law Offices of Mickler & Mickler,
LLP, disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

      Bryan K. Mickler
      Law Offices of Mickler & Mickler, LLP
      5452 Arlington Expressway
      Jacksonville, FL 322211
      Tel: (904) 725-0822
      Fax: (904) 725-0855

              About First Coast Roll Offs, LLC

First Coast is a waste management company based in St. Augustine,
FL, specializing in providing roll-off dumpster rental services.

First Coast Roll Offs, LLC in Saint Augustine, FL, filed its
voluntary petition for Chapter 11 protection (Bankr. M.D. Fla. Case
No. 24-02476) on August 19, 2024, listing $1,717,750 in assets and
$2,613,527 in liabilities. John Adams, Jr., as owner/manager,
signed the petition.

Judge Jacob A Brown oversees the case.

LAW OFFICES OF MICKLER & MICKLER, LLP serve as the Debtor's legal
counsel.


FITZGERALD HILL: Hires Law Office of Peter M. Daigle as Attorney
----------------------------------------------------------------
Fitzgerald Hill, LLC seeks approval from the U.S. Bankruptcy Court
for the District of Massachusetts to employ Law Office of Peter M.
Daigle as Attorney.

The firm's services include:

      a. assisting and advising the Debtor relative to the
administration of this proceeding;

      b. representing the Debtor before the Bankruptcy Court and
advising the Debtor on all pending litigations, hearings, motions,
and of the decisions of the Bankruptcy Court;

      c. reviewing and analyzing all applications, orders, and
motions filed with the Bankruptcy Court by third parties in this
proceeding and advising the Debtor thereon;

      d. attending all meetings conducted pursuant to section
341(a) of the Bankruptcy Code and representing the Debtor at all
examinations;

      e. communicating with creditors and all other parties in
interest;

      f. assisting the Debtor in preparing all necessary
applications, motions, orders, supporting positions taken by the
Debtor, and preparing witnesses and reviewing documents in this
regard;

      g. conferring with all other professionals, including any
accountants and consultants retained by the Debtor and by any other
party in interest;

      h. assisting the Debtor in its negotiations with creditors or
third parties concerning the terms of any proposed plan of
reorganization;

      i. preparing, drafting and prosecuting the plan of
reorganization and disclosure statement; and

      j. assisting the Debtor in performing such other services as
may be in the interest of the Debtor and the Estate and performing
all other legal services required by the Debtor.

The firm will be paid at these rates:

     Senior Attorneys                    $495 per hour
     Associate Attorneys                 $395 per hour

The firm received a retainer in the amount of $15,696.

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Peter M. Daigle, Esq., a partner at Law Office of Peter M. Daigle,
disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     Peter M. Daigle, Esq.
     Law Office of Peter M. Daigle
     1550 Falmouth Road, Suite 10
     Centerville, MA 02632
     Tel: (508) 771-7444
     Fax: (508) 771-8286
     Email: pmdaigleesq@yahoo.com

              About Fitzgerald Hill, LLC

Fitzgerald Hill LLC sought relief under Chapter 11 of the
Bankruptcy Code (Bankr. D. Del. Case No. 24-11583) on Aug. 5, 2024.
In the petition filed by John O'Toole & Grant Hester, as managers,
the Debtor estimated assets and liabilities between $1 million and
$10 million each.

The Debtor is represented by:

     Peter M. Daigle, Esq.
     DAIGLE LAW OFFICE
     1550 Falmouth Road, Suite 10
     Centerville, MA 02632
     Tel: (508) 771-7444
     Fax: (508) 771-8286
     E-mail: pmdaigleesq@yahoo.com


FLUENT INC: Registers $50MM Shelf Offering on Form S-3
------------------------------------------------------
Fluent Inc. files a Preliminary Prospectus on Form S-3 with the
U.S. Securities and Exchange Commission relating to the possible
offering and sale, from time to time in one or more offerings, up
to $50,000,000 of any combination of the securities, such as Common
Stock, Preferred Stock, Warrants, Subscription Rights, and Units.
Fluent may also offer securities as may be issuable upon
conversion, redemption, repurchase, exchange or exercise of any
securities registered hereunder, including pursuant to any
applicable antidilution provisions.

Fluent may sell these securities directly to investors, through
agents designated from time to time or to or through underwriters
or dealers, on a continuous or delayed basis. If any agents or
underwriters are involved in the sale of any securities with
respect to which this prospectus is being delivered, the names of
such agents or underwriters and any applicable fees, commissions,
discounts or over-allotment options will be set forth in a
prospectus supplement. The price to the public of such securities
and the net proceeds the Company expects to receive from such sale
will also be set forth in a prospectus supplement.

Fluent's common stock is presently listed on The Nasdaq Capital
Market under the symbol "FLNT." On August 26, 2024, the last
reported sale price of its common stock was $2.73 per share. The
applicable prospectus supplement will contain information, where
applicable, as to any other listing on The Nasdaq Capital Market or
any securities market or other exchange of the securities, if any,
covered by the prospectus supplement. Prospective purchasers of its
securities are urged to obtain current information as to the market
prices of the Company's securities, where applicable.

As of August 26, 2024, the aggregate market value of Fluent's
outstanding common stock held by non-affiliates was approximately
26,725,456 based on 16,871,826 outstanding shares of common stock,
of which approximately 9,489,103 are held by non-affiliates, and a
per share price of $3.62 based upon the closing sale price of its
common stock on The Nasdaq Capital Market on July 2, 2024. During
the 12-calendar month period that ends on, and includes, the date
of this prospectus, Fluent have not offered or sold any shares of
its common stock. Pursuant to General Instruction I.B.6 of Form
S-3, in no event will the Company sell securities registered on the
registration statement, in a public primary offering with a value
exceeding more than one-third of the Company's public float in any
12-month period so long as its public float remains below $75
million.

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

                  https://tinyurl.com/wn2rmuu8

                        About Fluent Inc.

Headquartered in New York, Fluent Inc. is a provider of digital
marketing services. The Company primarily performs customer
acquisition services by operating highly scalable digital marketing
campaigns, through which it connects its advertiser clients with
consumers they are seeking to reach. The Company accesses these
consumers through both its owned and operated digital media
properties and its auxiliary syndicated performance marketplace
products. In 2023, the Company delivered data and performance-based
customer acquisition services for over 500 consumer brands, direct
marketers, and agencies across a wide range of industries,
including Media & Entertainment, Financial Products & Services,
Health & Life Sciences, Retail & Consumer, and Staffing &
Recruitment.

Fluent Inc. reported a net loss of $63.2 million for the year ended
December 31, 2023, compared to a net loss of $123.3 million for the
year ended December 31, 2022. As of March 31, 2024, the Company had
$103.58 million in total assets, $74.83 million in total
liabilities, and $28.75 million in total shareholders' equity.

                           Going Concern

While management believes the proceeds from the Private Placement
and the other steps will be adequate to cover a decline in the
borrowing base under the SLR Revolver and fund its current
operations, there is no guarantee that the Company's plans will be
successfully executed or have the expected benefits. Furthermore,
if an event of default under the SLR Credit Agreement were to occur
and the maturity date accelerated, the Company likely would not
have sufficient funds to repay the Term Loan and the SLR Revolver.
While management believes the Company will be able to work through
its plans to mitigate any event of default with SLR, obtaining a
waiver of an event of default or entering into an amendment to
mitigate an event of default is not entirely within the Company's
control. As there can be no assurance that the Company will be able
to effectively implement its plans within one year after the
issuance date, based on the factors above, management concluded
that there is substantial doubt about the Company's ability to
continue as a going concern through such one-year period, according
to the Company's Quarterly Report for the period ended March 31,
2024.


FOX PROPERTY: Case Summary & Four Unsecured Creditors
-----------------------------------------------------
Debtor: Fox Property Holdings LLC
        398 West Court St
        San Bernardino, CA 92415

Chapter 11 Petition Date: September 4, 2024

Court: United States Bankruptcy Court
       Central District of California

Case No.: 24-15241

Debtor's Counsel: Joyce H. Vega, Esq.
                  JOYCE H. VEGA & ASSOCIATES
                  901 Silver Spur Rd. #388
                  Rolling Hills Estates CA 90274
                  Tel: 310-614-0191
                  Email: vegaattorneys@yahoo.com

Estimated Assets: $100 million to $500 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Ji Li as managing member.

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

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

https://www.pacermonitor.com/view/VTCUSUI/Fox_Property_Holdings_LLC__cacbke-24-15241__0005.0.pdf?mcid=tGE4TAMA

List of Debtor's Four Unsecured Creditors:

    Entity                         Nature of Claim    Claim Amount

1. Li Zhuang                         Investment         $2,000,000
19190 Palm Vista
Yorba Linda, CA 92886
Tel: 626-371-3732

2. Jian Ping Ma                      Investment         $1,200,000
Bldg #1, Unit 2, 11 Wei San Rd,
Jinshui Dist., Zhengzhou
City, Henan Privince, China

3. Ayreianna Armstrong                Personal                 TBD
Marc J. Katzman, Esq.                  Injury
15250 Ventura Blvd.
#1010 Sherman Oaks, CA
91403

4. Henry Aguila                       Breach of                TBD
9300 Pellet St                        Contract
Downey, CA 90241
Tel: 323-868-7256
Email: theaguila@yahoo.com


FRANCHISE GROUP: Gets Brief Debt Load Reprieve from Lenders
-----------------------------------------------------------
Jill R. Shah and Eliza Ronalds-Hannon of Bloomberg News reports
that B. Riley-backed Franchise Group wins brief reprieve from
lenders.

Lenders to Franchise Group Inc., the troubled firm at the center of
turmoil surrounding B. Riley Financial Inc., gave its managers a
short reprieve to work out a plan for its roughly $1.5 billion debt
load, according to Bloomberg Law.

A group of first-lien debt holders agreed to waive some covenants
in Franchise Group's credit agreement while tightening other
protections for lenders and requiring milestones that include the
delivery of a business plan and restructuring proposal by around
mid-September, according to people familiar with the matter.

                    About Franchise Group Inc.

Franchise Group, Inc., through its subsidiaries, operates
franchised and franchisable businesses including The Vitamin
Shoppe, Pet Supplies Plus, LLC, Badcock Home Furniture & More,
American Freight, Buddy's Home Furnishings and Sylvan Learning
Systems, Inc.


FRONTIER COMMUNICATIONS: S&P Places 'B-' ICR on Watch Positive
--------------------------------------------------------------
S&P Global Ratings placed all its ratings on U.S.-based
telecommunications provider Frontier Communications Holdings LLC,
including the 'B-' issuer credit rating, on CreditWatch with
positive implications.

S&P expects to resolve the CreditWatch when the transaction closes,
most likely in the first quarter of 2026.

The CreditWatch placement follows the announcement that Verizon
Communications Inc. will acquire Frontier for about $20 billion in
an all-cash transaction.

S&P said, "We view the transaction favorably for Frontier given the
expected meaningful improvement in credit quality since Verizon
(BBB+/Stable/A-2) is rated higher, with stronger credit metrics and
greater size and scale. In addition, the acquisition will provide
Frontier's customers with more choice and access to Verizon's
premium mobility, home internet, streaming, and connected home
offerings while bundling its mobile product will help reduce churn.
We expect the transaction to close in the first quarter of 2026.

"We believe that a multinotch upgrade of Frontier is likely and
expect to resolve the CreditWatch when the transaction closes in
2026."



FTX TRADING: All Creditors Voted in Favor of Reorganization Plan
----------------------------------------------------------------
Cameron Baker of Bloomberg Law reports that the creditors of FTX
Trading vote to approve its reorganization plan.

FTX said all of its creditor creditor classes voted to approve its
reorganization plan filed with the US Bankruptcy Court for the
District Court of Delaware, according to Bloomberg Law.

FTX said its plan received credit support from about 99% of voters'
claims by value.

It sees reorganization plan exceeding the threshold for acceptance
under the bankruptcy code.

The confirmation hearing is scheduled to start on October 7, 2024,
Bloomberg Law reports
.
"We are pleased to be moving closer to distributing cash to
customers and completing the Chapter 11 process," CEO John J. Ray
III said.

                    About FTX Trading Ltd.

FTX is the world's second-largest cryptocurrency firm. FTX is a
cryptocurrency exchange built by traders, for traders. FTX offers
innovative products including industry-first derivatives, options,
volatility products and leveraged tokens.

Then CEO and co-founder Sam Bankman-Fried said Nov. 10, 2022, that
FTX paused customer withdrawals after it was hit with roughly $5
billion worth of withdrawal requests.

Faced with liquidity issues, FTX on Nov. 9 struck a deal to sell
itself to its giant rival Binance, but Binance walked away from the
deal amid reports on FTX regarding mishandled customer funds and
alleged US agency investigations.

At 4:30 a.m. on Nov. 11, Bankman-Fried ultimately agreed to step
aside, and restructuring vet John J. Ray III was quickly named new
CEO.

FTX Trading Ltd (d/b/a FTX.com), West Realm Shires Services Inc.
(d/b/a FTX US), Alameda Research Ltd. and certain affiliated
companies then commenced Chapter 11 proceedings (Bankr. D. Del.
Lead Case No. 22-11068) on an emergency basis on Nov. 11, 2022.
Additional entities sought Chapter 11 protection on Nov. 14, 2022.

FTX Trading and its affiliates each listed $10 billion to $50
million in assets and liabilities, making FTX the biggest
bankruptcy filer in the US this year. According to Reuters, SBF
shared a document with investors on Nov. 10 showing FTX had $13.86
billion in liabilities and $14.6 billion in assets. However, only
$900 million of those assets were liquid, leading to the cash
crunch that ended with the company filing for bankruptcy.

The Hon. John T. Dorsey is the case judge.

The Debtors tapped Sullivan & Cromwell, LLP as bankruptcy counsel;
Landis Rath & Cobb, LLP as local counsel; and Alvarez & Marsal
North America, LLC as financial advisor.  Kroll is the claims
agent, maintaining the page
https://cases.ra.kroll.com/FTX/Home-Index

The official committee of unsecured creditors tapped Paul Hastings
as bankruptcy counsel; Young Conaway Stargatt & Taylor, LLP as
Delaware and conflicts counsel; FTI Consulting, Inc. as financial
advisor; and Jefferies, LLC as investment banker.

Montgomery McCracken Walker & Rhoads LLP, led by partners Gregory
T. Donilon, Edward L. Schnitzer, and David M. Banker, is
representing Sam Bankman-Fried in the Chapter 11 cases.
White-collar crime specialist Mark S. Cohen has reportedly been
hired to represent SBF in litigation.  Lawyers at Paul Weiss
previously represented SBF but later renounced representing the
entrepreneur due to a conflict of interest.


FTX TRADING: Bankruptcy Plan Conflicts With Celsius
---------------------------------------------------
Evan Ochsner of Bloomberg Law reports that FTX Trading Ltd.'s
intentions to pay back its customers who also held accounts with
fellow crypto firm Celsius Network conflict with the latter's
efforts to recover funds, a Celsius litigation administrator said.

FTX's proposed bankruptcy plan aims to compensate people who had
accounts with both FTX and Celsius. But the funds FTX would use to
pay those customers actually belong to Celsius, the Celsius estate
litigation administrator said in an objection Friday, August 16,
2024, in the US Bankruptcy Court for the District of Delaware.

                     About FTX Trading Ltd.

FTX is the world's second-largest cryptocurrency firm. FTX is a
cryptocurrency exchange built by traders, for traders. FTX offers
innovative products including industry-first derivatives, options,
volatility products and leveraged tokens.

Then CEO and co-founder Sam Bankman-Fried said Nov. 10, 2022, that
FTX paused customer withdrawals after it was hit with roughly $5
billion worth of withdrawal requests.

Faced with liquidity issues, FTX on Nov. 9 struck a deal to sell
itself to its giant rival Binance, but Binance walked away from the
deal amid reports on FTX regarding mishandled customer funds and
alleged US agency investigations.

At 4:30 a.m. on Nov. 11, Bankman-Fried ultimately agreed to step
aside, and restructuring vet John J. Ray III was quickly named new
CEO.

FTX Trading Ltd (d/b/a FTX.com), West Realm Shires Services Inc.
(d/b/a FTX US), Alameda Research Ltd. and certain affiliated
companies then commenced Chapter 11 proceedings (Bankr. D. Del.
Lead Case No. 22-11068) on an emergency basis on Nov. 11, 2022.
Additional entities sought Chapter 11 protection on Nov. 14, 2022.

FTX Trading and its affiliates each listed $10 billion to $50
million in assets and liabilities, making FTX the biggest
bankruptcy filer in the US this year. According to Reuters, SBF
shared a document with investors on Nov. 10 showing FTX had $13.86
billion in liabilities and $14.6 billion in assets. However, only
$900 million of those assets were liquid, leading to the cash
crunch that ended with the company filing for bankruptcy.

The Hon. John T. Dorsey is the case judge.

The Debtors tapped Sullivan & Cromwell, LLP as bankruptcy counsel;
Landis Rath & Cobb, LLP as local counsel; and Alvarez & Marsal
North America, LLC as financial advisor.  Kroll is the claims
agent, maintaining the page
https://cases.ra.kroll.com/FTX/Home-Index

The official committee of unsecured creditors tapped Paul Hastings
as bankruptcy counsel; Young Conaway Stargatt & Taylor, LLP as
Delaware and conflicts counsel; FTI Consulting, Inc. as financial
advisor; and Jefferies, LLC as investment banker.

Montgomery McCracken Walker & Rhoads LLP, led by partners Gregory
T. Donilon, Edward L. Schnitzer, and David M. Banker, is
representing Sam Bankman-Fried in the Chapter 11 cases.
White-collar crime specialist Mark S. Cohen has reportedly been
hired to represent SBF in litigation.  Lawyers at Paul Weiss
previously represented SBF but later renounced representing the
entrepreneur due to a conflict of interest.


FTX TRADING: Salame Asks Court Not to Investigate Girlfriend
------------------------------------------------------------
Rae Ann Varona of Law360 reports that FTX's Salame says feds broke
deal not to probe girlfriend.

Former FTX executive Ryan Salame urged a New York federal judge
Wednesday, August 21, 2024, to either vacate his May conviction or
stop federal prosecutors from investigating his domestic partner
Michelle Bond for related political campaign-finance offenses,
saying prosecutors induced his guilty plea by promising not to
probe Bond.

            About FTX Trading Ltd.

FTX is the world's second-largest cryptocurrency firm. FTX is a
cryptocurrency exchange built by traders, for traders. FTX offers
innovative products including industry-first derivatives, options,
volatility products and leveraged tokens.

Then CEO and co-founder Sam Bankman-Fried said Nov. 10, 2022, that
FTX paused customer withdrawals after it was hit with roughly $5
billion worth of withdrawal requests.

Faced with liquidity issues, FTX on Nov. 9 struck a deal to sell
itself to its giant rival Binance, but Binance walked away from the
deal amid reports on FTX regarding mishandled customer funds and
alleged US agency investigations.

At 4:30 a.m. on Nov. 11, Bankman-Fried ultimately agreed to step
aside, and restructuring vet John J. Ray III was quickly named new
CEO.

FTX Trading Ltd (d/b/a FTX.com), West Realm Shires Services Inc.
(d/b/a FTX US), Alameda Research Ltd. and certain affiliated
companies then commenced Chapter 11 proceedings (Bankr. D. Del.
Lead Case No. 22-11068) on an emergency basis on Nov. 11, 2022.
Additional entities sought Chapter 11 protection on Nov. 14, 2022.

FTX Trading and its affiliates each listed $10 billion to $50
million in assets and liabilities, making FTX the biggest
bankruptcy filer in the US this year. According to Reuters, SBF
shared a document with investors on Nov. 10 showing FTX had $13.86
billion in liabilities and $14.6 billion in assets. However, only
$900 million of those assets were liquid, leading to the cash
crunch that ended with the company filing for bankruptcy.

The Hon. John T. Dorsey is the case judge.

The Debtors tapped Sullivan & Cromwell, LLP as bankruptcy counsel;
Landis Rath & Cobb, LLP as local counsel; and Alvarez & Marsal
North America, LLC as financial advisor.  Kroll is the claims
agent, maintaining the page
https://cases.ra.kroll.com/FTX/Home-Index

The official committee of unsecured creditors tapped Paul Hastings
as bankruptcy counsel; Young Conaway Stargatt & Taylor, LLP as
Delaware and conflicts counsel; FTI Consulting, Inc. as financial
advisor; and Jefferies, LLC as investment banker.

Montgomery McCracken Walker & Rhoads LLP, led by partners Gregory
T. Donilon, Edward L. Schnitzer, and David M. Banker, is
representing Sam Bankman-Fried in the Chapter 11 cases.
White-collar crime specialist Mark S. Cohen has reportedly been
hired to represent SBF in litigation.  Lawyers at Paul Weiss
previously represented SBF but later renounced representing the
entrepreneur due to a conflict of interest.





FUTURE FINTECH: Loses Case vs. FT Global, Ordered to Pay $10.6M
---------------------------------------------------------------
Future FinTech Group Inc. disclosed in a Form 8-K filed with the
Securities and Exchange Commission that the Company will continue
to vigorously defend the action against FT Global Capital, Inc.,
including by appealing the order of the Southern District of New
York to the United States Court of Appeals for the Second Circuit.

As previously disclosed, FT Global, a former placement agent of the
Company, filed a lawsuit against the Company in the Superior Court
of Fulton County, Georgia in January 2021, relating to alleged
breaches of an exclusive placement agent agreement between FT
Global and the Company in July 2020.  The Company timely removed
the case to the United States District Court for the Northern
District of Georgia on Feb. 9, 2021 based on diversity of
jurisdiction.  On April 11, 2024, the Court entered a judgment
awarding FT Global $8,875,265.31 and on April 16, 2024, the Court
issued an amended judgment, awarding FT Global $10,598,379.93,
which includes $7,895,265.31 in damages, $1,723,114.62 in
prejudgment interest, and $980,000.00 in attorney's fees.  The
Company filed a post-trial motion challenging the judgment on May
9, 2024, which remains pending before the Court.  The Company said
it will continue to vigorously defend the action against FT Global,
including by appealing the judgment to the United States Court of
Appeals for the Eleventh Circuit, if necessary.  FT Global has
registered the Court's judgment in the Southern District of New
York, where FT Global has brought a motion requiring the Company to
turn over its stock in its subsidiary companies.  The Company has
filed an opposition to the motion, arguing that according to the
New York statute the NY Court should first determine that the value
of the stock in the subsidiary is insufficient to satisfy the
judgment as the Company believes the request for turnover is
premature before a valuation hearing.  On Aug. 28, 2024, NY Court
granted FT Global's motion for turnover of Defendant's shares in
Defendant's wholly-owned subsidiaries as Defendant 1) failed to
satisfy the $10.8 million judgment rendered in the Northern
District of Georgia and registered in the Southern District of New
York, and 2) is in possession of money and property in which it has
an interest.  The NY Court ordered Defendant shall turn over the
shares, membership, or limited partnership interests in all of its
subsidiaries, and the corporate seals of its China and Hong
Kong-based subsidiaries, to the U.S. Marshal for auction or sale
until the judgment is satisfied.

                  About Future FinTech Group

New York, N.Y.-based Future FinTech Group Inc. -- www.ftft.com --
is a comprehensive financial and digital technology service
provider. The Company, through its subsidiaries, conducts asset
management, brokerage and investment banking services in Hong Kong,
operates a cross-border payment business in the United Kingdom, and
engages in supply chain trading and finance businesses in China.
In addition, the Company has initiated digital asset mining farm
operations in the United States.  FTFT adheres to the concept of
improving financial services with digital and internet technology,
and provides its business and individual customers with stable,
safe and efficient digital financial services.

Orange, Calif.-based Fortune CPA, Inc., the Company's auditor since
2023, issued a "going concern" qualification in its report dated
April 16, 2024, citing that the Company has suffered losses from
operations, which raise substantial doubt about its ability to
continue as a going concern.


GAUCHO GROUP: Director David Reinecke Reports Securities Ownership
------------------------------------------------------------------
David Reinecke, a director in Gaucho Group Holdings, Inc., filed a
Form 3 Report with the U.S. Securities and Exchange Commission,
disclosing ownership of 67 shares of common stock directly.
Additionally, he holds 3 options to purchase common stock at
$10,896 per share, exercisable on September 28, 2025, and 34
Restricted Stock Units vesting on December 31, 2024, with an
exercise price of $116 per share.

A full-text copy of the UBS Group's SEC Report is available at:

                 https://tinyurl.com/4pkumc27

                  About Gaucho Group Holdings

Through its wholly-owned subsidiaries, Gaucho Group Holdings, Inc.
invests in, develops, and operates real estate projects in
Argentina. GGH operates a hotel, golf and tennis resort, vineyard,
and producing winery in addition to developing residential lots
located near the resort. In 2016, GGH formed a new subsidiary,
Gaucho Group, Inc., and in 2018, established an e-commerce platform
for the manufacture and sale of high-end fashion and accessories.
In February 2022, the Company acquired 100% of Hollywood Burger
Argentina, S.R.L., now Gaucho Development S.R.L., through
InvestProperty Group, LLC and Algodon Wine Estates S.R.L., which is
an Argentine real estate holding company. In addition to GD, the
activities in Argentina are conducted through its operating
entities: InvestProperty Group, LLC, Algodon Global Properties,
LLC, The Algodon - Recoleta S.R.L., Algodon Properties II S.R.L.,
and Algodon Wine Estates S.R.L. Algodon distributes its wines in
Europe under the name Algodon Wines (Europe). On June 14, 2021, the
Company formed a wholly-owned Delaware limited liability company
subsidiary, Gaucho Ventures I - Las Vegas, LLC, for purposes of
holding the Company's interest in LVH Holdings LLC.

New York, NY-based Marcum LLP, the Company's auditor since 2013,
issued a "going concern" qualification in its report dated April
29, 2024, citing that the Company has a significant working capital
deficiency, has incurred significant losses, and needs to raise
additional funds to meet its obligations and sustain its
operations. These conditions raise substantial doubt about the
Company's ability to continue as a going concern.


GEORGIA EARTH: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Georgia Earth and Pipe, LLC
        135 S. Highway 9
        Dawsonville, GA 30534

Business Description: The Debtor is a site preparation contractor.

Chapter 11 Petition Date: September 6, 2024

Court: United States Bankruptcy Court
       Northern District of Georgia

Case No.: 24-21100

Debtor's Counsel: Will Geer, Esq.
                  ROUNTREE, LEITMAN, KLEIN & GEER, LLC
                  2987 Clairmont Road Suite 350
                  Atlanta GA 30329
                  Tel: 404-584-1238
                  Email: wgeer@rlkglaw.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Lanny P. Limburg as president.

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

https://www.pacermonitor.com/view/WVLWU5A/Georgia_Earth_and_Pipe_LLC__ganbke-24-21100__0001.0.pdf?mcid=tGE4TAMA


GG GLOBAL: Hires Latham Luna Eden & Beaudine as Legal Counsel
-------------------------------------------------------------
GG Global Logistics, LLC seeks approval from the U.S. Bankruptcy
Court for the Middle District of Florida to employ Latham, Luna,
Eden & Beaudine, LLP as counsel.

The firm's services include:

     a. advising as to the Debtor's rights and duties in this
case;

     b. preparing pleadings related to this case, including a
disclosure statement and plan of reorganization; and

     c. taking any and all other necessary action incident to the
proper preservation and administration of this estate.

The firm will be paid at these rates:

     Attorneys                   $275 to $425 per hour
     Junior paraprofessionals    $105 per hour

The firm received an advanced retainer in the amount of $21,738.

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Daniel A. Velasquez, Esq., a partner at Latham, Luna, Eden &
Beaudine, LLP, disclosed in a court filing that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.

The firm can be reached at:

     Daniel A. Velasquez, Esq.
     Latham, Luna, Eden & Beaudine, LLP
     201 S. Orange Ave., Suite 1400
     Orlando, FL 32801
     Tel: (407) 481-5800
     Fax: (407) 481-5801
     Email: dvelasquez@lathamluna.com

              About GG Global Logistics, LLC

GG Global Logistics, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. M.D. Fla. Case No. 24-12902) on August 20, 2024. The Debtor
hires Latham, Luna, Eden & Beaudine, LLP as counsel.


GG GLOBAL: L. Todd Budgen Named Subchapter V Trustee
----------------------------------------------------
The U.S. Trustee for Region 21 appointed L. Todd Budgen, Esq., a
practicing attorney in Longwood, Fla., as Subchapter V trustee for
GG Global Logistics, LLC.

Mr. Budgen will be paid an hourly fee of $400 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

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

The Subchapter V trustee can be reached at:

     L. Todd Budgen, Esq.
     P.O. Box 520546
     Longwood, FL 32752
     Tel: (407) 232-9118
     Email: Todd@C11Trustee.com

                     About GG Global Logistics

GG Global Logistics, LLC sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 24-04377) on August
20, 2024, with up to $50,000 in assets and up to $500,000 in
liabilities.

Judge Grace E. Robson presides over the case.

Daniel A. Velasquez, Esq., at Latham, Luna, Eden & Beaudine, LLP
represents the Debtor as legal counsel.


GILDED GRAPE: Hires F&L Law Group P.A. as Bankruptcy Counsel
------------------------------------------------------------
Gilded Grape Winery, Inc., seeks approval from the U.S. Bankruptcy
Court for the Middle District of Florida to employ F&L Law Group,
P.A. as bankruptcy counsel.

The firm will provide these services:

      a. assist and advise Debtor relative to the administration of
this proceeding;

      b. advise Debtor with respect to its powers and duties as
debtor-in-possession in the continued management and operation of
its business and property;

      c. represent the Debtor before the Bankruptcy Court and
advise the Debtor on pending litigation, hearings, motions, and
decisions of the Bankruptcy Court;

      d. review and advise the Debtor regarding applications,
orders, and motions filed with the Bankruptcy Court by third
parties in this proceeding;

      e. attend meetings conducted pursuant to section 341(a) of
the Bankruptcy Code and represent Debtor at all examinations;

      f. communicate with creditors and other parties in interest;

      g. assist Debtor in preparing all motions, applications,
answers, orders, reports, and papers necessary to the
administration of the estate;

      h. confer with other professionals retained by Debtor and
other parties in interest;

      i. negotiate and prepare Debtor's chapter 11 plan, related
disclosure statement, and all related agreements and documents and
take any necessary actions on Debtor's behalf to obtain
confirmation of the plan; and

      j. perform all other necessary legal services and provide all
other necessary legal advice to Debtor in connection with this
chapter 11 case.

The firm will be paid at these rates:

     Attorneys                        $ 425 per hour
     Paralegals                       $ 100 per hour

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

David Lampley, a partner at F&L Law Group, P.A., disclosed in a
court filing that the firm is a "disinterested person" as the term
is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     David Lampley, Esq.
     F&L Law Group, P.A.
     5237 Summerlin Commons Blvd. Ste 299
     Fort Myers, FL 33907
     Tel: (239) 323-0960
     Email: DLampley@FLLawGroup.com

              About Gilded Grape Winery, Inc

The Gilded Grape Winery, Inc. filed a petition under Chapter 11,
Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No.
24-01149) on August 2, 2024, with $50,001 to $100,000 in assets and
$100,001 to $500,000 in liabilities.

Judge Caryl E. Delano presides over the case.

David Lampley, Esq. at F&l Law Group, P.A. represents the Debtor as
legal counsel.


GLUCOTRACK INC: John Ballantyne Joins Board of Directors
--------------------------------------------------------
Glucotrack, Inc., announced Sept. 3, 2024, the appointment of John
Ballantyne, PhD to its Board of Directors, effective immediately.

"We are pleased to welcome John, who has been a long-standing
supporter of the Company, to our Board of Directors," said Paul
Goode, PhD, president and CEO of Glucotrack.  "An entrepreneur
himself, John brings extensive experience in driving healthcare
research and innovation, strategic growth, and other key business
functions that will be invaluable as we continue to expand our
organization and move towards commercializing our novel
technology."

Mr. Ballantyne brings over 20 years of experience on the executive
team at the global biotechnology contract development and
manufacturing organization, Aldevron.  He co-founded the company in
1998 and served as its chief science officer through its
acquisition by Danaher, and until his retirement.  A leader in
advancing biological science, Aldevron's custom development and
manufacturing services have provided scientists around the world
with the essential components to accelerate research within their
laboratories for groundbreaking science and breakthrough
discoveries.

Due to the Company's significant presence in the biotechnology
sector, Mr. Ballantyne has developed relationships across a
continuum of focus areas maintained through investments, Board and
Scientific Advisory Board roles and co-founding of multiple
companies.  Mr. Ballantyne holds undergraduate degrees in Pharmacy
from the Central Institute of Technology (Heretaunga, NZ) and
University of Otago (Dunedin, NZ) and his Doctorate in
Pharmaceutical Sciences from North Dakota State University (Fargo,
ND).

"I am excited to be joining the Board of a such an innovative
medical technology company," said Mr. Ballantyne.  "Glucotrack's
continuous blood glucose monitor (CBGM) will really make a
difference in the lives of people with diabetes.  I look forward to
joining the Board and helping the organization to continue to
advance its mission, achieve its strategic milestones and drive
toward success."

                      About GlucoTrack Inc.

Rutherford, N.J.-based GlucoTrack, Inc. is focused on the design,
development, and commercialization of novel technologies for people
with diabetes.  Glucotrack's CBGM is a long-term, implantable
system that continually measures blood glucose levels with a sensor
longevity of 2+ years, no on-body wearable component and with
minimal calibration.

Tel-Aviv, Israel-based Fahn Kanne & Co., Grant Thornton Israel, the
Company's auditor since 2010, issued a "going concern"
qualification in its report dated March 28, 2024, citing that the
Company has incurred net losses and negative cash flows from its
operations and comprehensive loss since its inception and as of
December 31, 2023, there is an accumulated deficit of
[$109,853,000].  These conditions, along with other matters, raise
substantial doubt about the Company's ability to continue as a
going concern.


GOLDEN ACRES: Hires Oxana Kozlov as Insolvency Counsel
------------------------------------------------------
Golden Acres Home Care II seeks approval from the U.S. Bankruptcy
Court for the Eastern District of California to employ Law Offices
of Oxana Kozlov as its reorganization and general insolvency
counsel.

The firm will render these services:

     a. advise and assist the Debtor with respect to compliance
with the requirements of the United States Trustee;

     b. advise the Debtor regarding matters of bankruptcy law,
including the rights and remedies of the Debtor with regard to his
assets and with respect to the claims of his creditors;

     c. represent the Debtor in any proceedings or hearings before
this Court and in any action in any other court where the Debtor's
rights under the Bankruptcy Code may be litigated or affected;

     d. conduct examinations of witnesses, claimants, or adverse
parties and to prepare and assist in the preparation of reports,
accounts, and pleadings related to the Debtor's Chapter 11 case;

     e. advise the Debtor concerning the requirements of the
Bankruptcy Code and applicable rules as the same may affect the
Debtor in this case;

     f. assist the Debtor in the formulation, negotiation,
confirmation, and implementation of a Chapter 11 plan of
reorganization and any auction or sale of their assets;

     g. make any court appearances on behalf of the Debtor; and

     h. take such other actions and perform such other services as
the Debtor may require of Kozlov in connection with this Chapter 11
case.

The firm will be paid at these rates:

     Attorneys           $500 per hour
     Legal Assistants    $80 to $150 per hour

The firm received a retainer in the amount of $11,000.

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

The firm can be reached through:

     Oxana Kozlov, Esq.
     Law Offices of Oxana Kozlov
     649 Dunholme Way
     Sunnyvale, CA 94087
     Tel: (408) 431-4543
     Email: okozlov@gmail.com

              About Golden Acres Home Care II

Golden Acres Home Care II is an assisted-living facility.

Golden Acres Home Care II sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. E.D. Cal. Case No. 24-23531) on August
9, 2024. In the petition filed by Aida Goines, as general partner,
the Debtor reports estimated assets and liabilities between $1
million and $10 million each.

The Honorable Bankruptcy Judge Fredrick E. Clement handles the
case.

The Debtor is represented by:

            Oxana Kozlov, Esq.
            LAW OFFICES OF OXANA KOZLOV
            549 Dunholme Way
            Sunnyvale CA 94087
            Tel: (408) 431-4543
            E-mail: okozlov@gmail.com


GORDIAN MEDICAL: Moody's to Withdraw Ratings Amid Liquidation
-------------------------------------------------------------
Moody's Ratings downgraded the rating of Gordian Medical, Inc.'s
Probability of Default Rating to D-PD from Ca-PD. The Corporate
Family Rating and the senior secured credit facility ratings are
unchanged at Ca. The outlook remains stable.

These actions follow Gordian's liquidation process which was
initiated in May 2024.

Subsequent to the rating action, Moody's will withdraw all the
ratings of Gordian.

Governance risk considerations are material to the rating action.
The company's aggressive financial policies and track record of
execution have resulted in an untenable capital structure which
contributed to the company pursuing a wind down of its operations.

RATINGS RATIONALE

Gordian's ratings are constrained by its untenable capital
structure reflected in its very high financial leverage and weak
liquidity, which has resulted in its decision to wind down its
business operations.

The stable outlook reflects Moody's view that the current ratings
adequately reflect expected recoveries.

Gordian Medical, Inc. is a provider of wound care management in
acute and post-acute settings. Gordian's post-acute business is a
provider of wound care management supplies and related clinical
education services to SNFs. The company is majority-owned by One
Equity Partners.

The principal methodology used in this rating was Business and
Consumer Services published in November 2021.


GRAND FUSION: Hearing on Sale of Patent Set for Sept. 12
--------------------------------------------------------
Grand Fusion Housewares, LLC will ask the U.S. Bankruptcy Court for
the Northern District of Texas at a hearing on Sept. 12 to approve
the sale of some of its assets to Evriholder Products, LLC.

The company is selling a patent (Chinese Patent No. CN213086377U),
along with other intellectual property rights it owns, which is
used for a product called Pet Hair Remover Dryer Balls.

Prior to its Chapter 11 filing, Grand Fusion Housewares sold the
product online through Amazon.com and directly to certain
brick-and-mortar retail stores.

Also prior to its bankruptcy filing, the company sold to Evriholder
some of its remaining inventory, including the product, which had
been stored at its warehouse. As part of the transaction, Grand
Fusion Housewares worked with its customers and Evriholder to
effect a transition of the products from the company to the buyer,
allowing the latter to continue to sell the products directly to
the company's customers under the same arrangement that was in
place prior to the sale.

Under the proposed sale agreement, Grand Fusion Housewares agreed
to sell the patent and IP rights in exchange for the royalty on the
product and the sales commission on the products transitioned from
the company to Evriholder.

For a period of three years from the effective date of the sale
agreement, Evriholder will remit to the company an amount equal to
3% of the net collected sales for sales of the product made by the
buyer.

Moreover, Evriholder will remit to Grand Fusion Housewares a sales
commission of 3% of the net collected sales of the transitioned
products to certain customers for a period of one year from the
effective date.

                   About Grand Fusion Housewares

Grand Fusion Housewares, LLC, a company in Carrollton, Texas, is
engaged in the retail sales of home accessories.

Grand Fusion Housewares filed a petition under Chapter 11,
Subchapter V of the Bankruptcy Code (Bankr. N.D. Texas Case No.
24-41694) on May 16, 2024, with $469,526 in assets and $3,134,245
in liabilities. Behrooz Vida, Esq., at the Vida Law Firm, PLLC,
serves as Subchapter V trustee.

Judge Mark X. Mullin oversees the case.

Bryan C. Assink, Esq., at Bonds Ellis Eppich Schafer Jones, LLP,
represents the Debtor as legal counsel.


GRESHAM WORLDWIDE: U.S. Trustee Appoints Creditors' Committee
-------------------------------------------------------------
The U.S. Trustee for Region 14 appointed an official committee to
represent unsecured creditors in the Chapter 11 case of Gresham
Worldwide, Inc.

The committee members are:

     1. Prospect Properties
        Joan Plastiras
        650-269-8797
        joanplastiras@gmail.com

     2. Roth Capital Partners, LLC
        Richard Platt, General Counsel
        888 San Clemente Dr., Suite 400
        Newport Beach, CA 92660
        949-720-5725
        Rplatt@roth.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 Gresham Worldwide

Gresham Worldwide, Inc. designs, manufactures, and distributes
purpose-built electronics equipment, automated test solutions,
power electronics, supply and distribution solutions, as well as
radio, microwave, and millimeter wave communication systems and
components for a variety of applications with a focus on the global
defense industry and the healthcare market.

Gresham Worldwide sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Ariz. Case No. 24-06732) on Aug. 14,
2024. In the petition filed by Lutz P. Henckels, chief financial
officer, the Debtor disclosed $32,859,000 in assets and $39,786,000
in liabilities as of June 30, 2024.

Judge Scott H. Gan oversees the case.

Patrick A. Clisham, Esq., at Engelman Berger, PC serves as the
Debtor's counsel.


GULFPORT ENERGY: Fitch Rates Proposed Sr. Unsecured Notes 'BB-'
---------------------------------------------------------------
Fitch Ratings has assigned a 'BB-'/'RR3' long-term rating to
Gulfport Energy Corporation's proposed senior notes.

Gulfport Energy's rating reflects its low leverage, at or below
1.0x, materially reduced firm transportation costs, strong free
cash flow (FCF) yields, improved liquidity, and modest production
growth. These factors are offset by a modest but reasonable hedging
program and below-average scale. Excess FCF allows for potential
shareholder-friendly actions, such as share repurchases, dividends
and preferred redemption. The proposed senior notes issue is
leverage neutral and extends the maturity of the company's debt.

Key Rating Drivers

Strong FCF Generation: Fitch's expectation that Gulfport will
generate strong FCF throughout the forecast on base case and strip
pricing assumptions supports the rating. The company has a high
EBITDA-to-FCF conversion rate due to low interest payments and a
relatively low maintenance capex plan. The FCF is further supported
by the company's consistent hedging policy and netbacks that are
strong relative to gas-focused peers. Fitch expects cash to
accumulate, even under the assumption of annual share repurchases
over the forecast.

Low Leverage/Strong Liquidity: Fitch expects Gulfport's debt/EBITDA
to remain at or below 1.0x over the forecast horizon. Management's
debt/EBITDA target of 1.0x is one of the lowest in the sector, and
the company is achieving it. Fitch forecasts sufficient FCF
generation to both repay the $118 million outstanding on the
revolver at the end of 2023 and execute share repurchases while
still building cash on the balance sheet.

Potential Larger Shareholder Returns: The potential for expanding
shareholder returns cannot be dismissed given Gulfport's expected
strong FCF and low debt. The company has a $650 million share
repurchase program in effect, with $195.9 million remaining as of
June 30, 2024.

Gulfport could further increase the share repurchase program, but
future repurchases could be limited by the company's small equity
holder base and valuation issues. Gulfport may pursue smaller
leasehold acquisitions on acreage complementary to its acreage.
Retirement of preferred stock is a possibility. Fitch applies zero
equity credit to the $43.8 million of the preferred stock
outstanding as of June 30, 2024.

Capex to Maintain Production: Fitch estimates about $350 million of
annual capex would be required to maintain production. Fitch
expects Gulfport to spend more, which should allow for moderate
production growth throughout the forecast.

The company experienced cost inflation similar to other exploration
and production companies (E&Ps), but the pace of the cost increase
is slowing and may reverse. Fitch expects production to grow in the
single digits over the forecast. Management is shifting spending
toward Marcellus as it delineates its acreage in the more
liquids-rich portion of the play.

Hedging Exposure: Fitch calculates that Gulfport has about 62% of
its production hedged in 2024 and 39% in 2025 at an average of
$3.67 and $3.68, respectively. The company also maintains basis
hedges to protect against widening basis differentials. Gulfport's
hedge position is reasonable, particularly given the company's low
debt burden. Maintaining a conservative hedging policy is important
due to Gulfport's high exposure to volatile natural gas pricing.

Derivation Summary

Gulfport's 2023 production of 1,054 million cubic feet equivalent
per day (mmcfe/d) was less than Comstock Resources Inc.
(B+/Negative; 1,438mmcfe/d), Ascent Resources Utica Holdings, LLC
(B+/Positive; 2,135 mmcfe/d) and Encino Acquisition Partners, LLC
(B/Stable; 1,136 mmcfe/d), and larger than Aethon United BR LP
(B/Stable; 901 mmcfe/d) and SM Energy Company (BB-/Rating Watch
Positive; 912mmcfe/d). The company's proved reserves of 4.2
trillion cubic feet equivalent are also below all peers except SM
Energy.

Gulfport's 2023 Fitch-calculated unhedged, levered netback of
$1.34/thousand cubic feet of natural gas equivalent (mcfe) was
above most peers. Encino and SM Energy generated higher netbacks at
$1.99/mcfe and $4.88/mcfe, respectively, due to higher liquids
production. Gulfport's Fitch-calculated debt/EBITDA of 1.0x in 2023
is, and will likely remain, below peers.

Key Assumptions

- Henry Hub natural gas price of $2.50/thousand feet (mcf) in 2024,
$3.00/mcf in 2025, $3.00/mcf in 2026 and $2.75/mcf thereafter;

- West Texas Intermediate oil price of $75/barrel (bbl) in 2024,
$65/bbl in 2025, $60/bbl in 2026 and 2027, and $57/bbl in 2028;

- Production growth in the low single digits throughout the
forecast;

- Capex of $400 million to $575 million a year;

- Excess cash used to repay revolver borrowings and fund share
distributions;

- Unsecured notes refinanced under similar terms in 2026 and
revolver extended in 2027.

Recovery Analysis

The recovery analysis assumes Gulfport Energy would be reorganized
as a going concern (GC) in bankruptcy rather than liquidated. Fitch
assumed a 10% administrative claim.

Going-Concern Approach: Gulfport's GC EBITDA assumption reflects a
stress price deck assumption of Henry Hub natural gas at $2.00/mcfe
in 2024 and $2.25/mcfe over the long term. Long-term price
assumptions reflect the industry emerging from the trough of the
cycle. In addition, Fitch made assumptions for lower costs, reduced
capital spending and lower production estimates due to the
assumption of lower capex. The GC EBITDA is $365 million, which
reflects these conditions. Fitch applied an enterprise valuation
multiple of 3.5x EBITDA to the GC EBITDA to calculate a
post-reorganization enterprise value.

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: two M&A transactions in the Appalachian basin during 2020 had
implied EBITDA multiples of 3.4x and 4.0x for the E&P assets.
Although the Utica basin wells generally perform strongly, lower
valuations can reflect the lack of public E&P companies operating
in the basin given the use of public stock as a currency as part of
the financing, high gas gathering and firm transportation costs,
and challenged capital markets to finance transactions.

Liquidation Approach: The liquidation estimate reflects Fitch's
view of the value of balance sheet assets that can be realized in
sale or liquidation processes conducted during a bankruptcy or
insolvency proceeding and distributed to creditors. Fitch considers
valuations such as SEC PV-10 and M&A transactions for each basin
including multiples for production per flowing barrel, proved
reserves valuation, value per acre and value per drilling
location.

Waterfall: The reserve-based revolver (elected commitments of $900
million) is assumed to be 90% drawn upon default. The allocation of
value in the liability waterfall results in recovery corresponding
to RR1 recovery for the first-lien revolver and a recovery
corresponding to RR3 for the senior unsecured notes.

RATING SENSITIVITIES

Factors that Could, Individually or Collectively, Lead to Positive
Rating Action/Upgrade

- Sustained EBITDA at or above $750 million while maintaining
positive FCF;

- Improved netbacks, particularly through lower firm transportation
and gas-gathering costs;

- Maintaining midcycle EBITDA leverage of 1.5x.

Factors that Could, Individually or Collectively, Lead to Negative
Rating Action/Downgrade

- A change in financial policy that leads to shareholder returns at
the expense of creditors and reduces liquidity;

- Midcycle EBITDA leverage above 2.0x;

- A material reduction in netbacks.

Liquidity and Debt Structure

Ample Liquidity: Gulfport has ample liquidity with $707 million
available on its $900 million committed revolving credit facility
(RCF; $1.1 billion borrowing base), which matures in 2027, and
expected consistent positive FCF.

Issuer Profile

Gulfport Energy Corporation is an independent natural gas-weighted
exploration and production company with assets located in the
Appalachia (primarily Eastern Ohio targeting the Marcellus and
Utica formations) and Anadarko (primarily Central Oklahoma
targeting the SCOOP Woodford and Springer formations) basins.

Date of Relevant Committee

25 June 2024

MACROECONOMIC ASSUMPTIONS AND SECTOR FORECASTS

Fitch's latest quarterly Global Corporates Macro and Sector
Forecasts data file which aggregates key data points used in its
credit analysis. Fitch's macroeconomic forecasts, commodity price
assumptions, default rate forecasts, sector key performance
indicators and sector-level forecasts are among the data items
included.

ESG Considerations

The highest level of ESG credit relevance is a score of '3', unless
otherwise disclosed in this section. A score of '3' 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. Fitch's ESG Relevance Scores are not
inputs in the rating process; they are an observation on the
relevance and materiality of ESG factors in the rating decision.

   Entity/Debt            Rating          Recovery   
   -----------            ------          --------   
Gulfport Energy
Corporation

   senior unsecured   LT BB-  New Rating    RR3


GUNNISON VALLEY: Hires Onsager Fletcher Johnson as Legal Counsel
----------------------------------------------------------------
Gunnison Valley Properties, LLC seeks approval from the U.S.
Bankruptcy Court for the District of Colorado to employ Onsager,
Fletcher, Johnson, Palmer LLC as counsel.

The firm will provide these services:

     a. legal advice with respect to Debtor's rights and duties as
a debtor-in-possession and continued business operations;

     b. assist, advise and represent Debtor in any manner relevant
to preserving and protecting Debtor's estate;

     c. prepare on Debtor's behalf all necessary applications,
motions, answers, orders, reports, plans, disclosure statements and
other legal papers that may be required;

     d. appear in Court and to protect Debtor's interests before
the Court;

     e. assist in the winding up and dismissal of the bankruptcy
proceedings of Debtor, post-confirmation;

     f. assist Debtor in administrative matters; and

     g. perform all other legal services for Debtor which may be
necessary and proper in these proceedings.

The firm will be paid at these rates:

     Christian C. Onsager       $600 per hour
     J. Brian Fletcher          $425 per hour
     Andrew D. Johnson          $400 per hour
     Gabrielle G. Palmer        $325 per hour
     Joli A. Lofstedt           $425 per hour
     Alice A. White             $450 per hour

The firm received a prepetition retainer in the amount of $50,000.

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Andrew D. Johnson, Esq., a partner at Onsager, Fletcher, Johnson,
Palmer LLC, disclosed in a court filing that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.

The firm can be reached at:

      Andrew D. Johnson, Esq.
      ONSAGER | FLETCHER | JOHNSON | PALMER LLC
      600 17th Street, Suite 425 North
      Denver, CO 80202
      Tel: (720) 457-7059
      Email: ajohnson@OFJlaw.com

              About Gunnison Valley Properties, LLC

Gunnison Valley Properties LLC in Louisville, CO, sought relief
under Chapter 11 of the Bankruptcy Code (Bankr. D. Colo. Case No.
24-15052) on Aug. 28, 2024, listing $50 million to $100 million in
assets and $10 million to $50 million in liabilities. Byron
Chrisman as manager, signed the petition.

Judge Joseph G Rosania Jr. oversees the case.

ONSAGER | FLETCHER | JOHNSON | PALMER LLC serve as the Debtor's
legal counsel.


GYPSUM RESOURCES: Hearing to Approve Bid Rules Set for Sept. 11
---------------------------------------------------------------
The official committee of unsecured creditors will ask the U.S.
Bankruptcy Court for the District of Nevada at a hearing on Sept.
11 to approve the bid rules for the sale of Gypsum Resources, LLC's
property.

Gypsum Resources is the fee simple owner of 2,011 acres of land
upon which sits a gypsum mine operated by its subsidiary, Gypsum
Resources Materials, LLC.

The property is located on Blue Diamond Road, Northwest of Highway
160, Clark County, Nev. It represents the largest remaining parcel
of undeveloped land zoned for residential development in the Las
Vegas metropolitan area.

The proposed bid rules set a Nov. 22 deadline to place bids on the
assets. Bidders are required to provide a deposit equal to 2% of
the purchase price to be paid.

The bid rules allow the committee to select a stalking horse bidder
who will set the price floor for bidding in a court-supervised
auction scheduled for Dec. 4. The deadline to select the stalking
horse bidder is on Oct. 15.

If no stalking horse bidder is selected, the committee will
identify the opening bid at the auction. Bidding will commence at
the amount of the opening bid. Other bidders may then submit
successive bids in increments of at least $250,000 higher than the
opening bid, and all subsequent bids must be at least $250,000
higher than the previous bid.

The committee will select the winning bidder and the back-up bidder
upon the conclusion of the auction. The bid rules set a hearing
date of Dec. 11 to approve the sale of the property to the winning
bidder.

The committee anticipates that the closing will occur on or about
Dec. 31 based on the proposed bid rules.

The committee will take the lead role in conducting the sale and
will consult with the company and its senior secured creditor,
Rep-Clark, LLC, regarding all material decisions concerning the
sale.

Nevada Land Advisors, LLC, a real estate broker, will assist the
committee with the sale.

                       About Gypsum Resources

Gypsum Resources Materials, LLC and its affiliate, Gypsum
Resources, LLC, are privately held companies in the gypsum mining
business.

Based in Las Vegas, Nev., the Debtors concurrently filed voluntary
petitions for relief under Chapter 11 of the Bankruptcy Code
(Bankr. D. Nev. Lead Case No. 19-14799) on July 26, 2019. The
petitions were signed by James M. Rhodes, president of Truckee
Springs Holdings, LLC, manager of Gypsum Resources, LLC.

Gypsum Resources Materials estimated $10 million to $50 million in
both assets and liabilities while Gypsum Resources, LLC estimated
$50 million to $100 million in both assets and liabilities.

Brett A. Axelrod, Esq., at Fox Rothschild LLP, represents the
Debtors as legal counsel.

The U.S. Trustee for Region 17 appointed an official committee to
represent unsecured creditors in the Chapter 11 case of Gypsum
Resources Materials, LLC. The committee is represented by Goldstein
& McClintock, LLLP.


HELIX ENERGY: Amerino Gatti Resigns From Board
----------------------------------------------
Helix Energy Solutions Group, Inc. disclosed in a Form 8-K Report
filed with the U.S. Securities and Exchange Commission that on
August 27, 2024, Amerino Gatti notified the Board of Directors of
the Company of his intention to resign as a director of the Company
effective as of August 30, 2024.  

Mr. Gatti advised he will be commencing a new full-time role as an
officer of a major global energy company.  Mr. Gatti's resignation
was not the result of any disagreement with the Company on any
matter relating to the Company's operations, policies or practices.


William L. Transier, Chairman of the Board, stated, "We sincerely
thank Amerino for his many contributions and dedication to Helix
over his six years of service on the Board, and wish him success in
his new role."  

Effective upon Mr. Gatti's resignation as a director, the size of
the Company's Board was reduced from eight to seven directors.

                        About Helix Energy

Helix Energy Solutions Group, Inc. is an American oil and gas
services company headquartered in Houston, Texas.

For the full year 2023, Helix reported a net loss of $10.8 million,
compared to a net loss of $87.8 million for the full year 2022. As
of June 30, 2024, Helix had $2.6 billion in total assets, $1.1
billion in total liabilities, and $1.5 billion in total
shareholders' equity.

                           *     *     *

Egan-Jones Ratings Company on September 21, 2023, maintained its
'CCC+' foreign currency and local currency senior unsecured ratings
on debt issued by Helix Energy Solutions Group, Inc.


HELLO NOSTRAND: Taps Belkin Burden as Special Litigation Counsel
----------------------------------------------------------------
Hello Nostrand LLC received approval from the U.S. Bankruptcy Court
for the Southern District of New York to employ Belkin Burden
Goldman, LLP as special litigation counsel.

The firm's services include:

     a. representing the Debtor in connection with the
Landlord-Tenant Litigation;

     b. conducting investigations and analysis sufficient to advise
the Debtor, the Restructuring Officer, GWFG and H.S.C. Management
Corp. regarding the Landlord-Tenant Litigation;

     c. rendering services to the Debtor including, but not limited
to, fact investigation, legal research, briefing, argument,
discovery, negotiation, litigation, participating in meetings with
the Debtor, the Restructuring Officer, GWFG and/or H.S.C.
Management Corp., appearance and participation in hearings and
communications and meetings with parties in interest, in each case
as it relates to the LandlordTenant Litigation; and

     d. performing all other necessary or requested litigation
services in connection with the Landlord-Tenant Litigation.

The firm will be paid at these rates:

     Partners                 $515 - $915 per hour
     Associates               $375 - $575 per hour
     Paraprofessionals        $245 - $370 per hour

Jeffrey Goldman, a partner of Belkin Burden, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Belkin Burden can be reached at:

     Jeffrey L. Goldman, Esq.
     Belkin Burden Goldman, LLP
     270 Madison Avenue
     New York, NY 10016
     Tel: (212) 210-1661
     Email: jgoldman@bbgllp.com

           About Hello Nostrand

Hello Nostrand LLC is the owner of a residential apartment building
located at 1580 Nostrand Avenue, Brooklyn, NY.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D.N.Y Case No. 24-22192) on March 8,
2024, with $50 million to $100 million in assets and liabilities.
Lee Buchwald, restructuring officer, signed the petition.

Judge Sean H. Lane presides over the case.

Kevin Nash, at GOLDBERG WEPRIN FINKEL GOLDSTEIN LLP, is the
Debtor's legal counsel.


HEPION PHARMACEUTICALS: Falls Short of Nasdaq Bid Price Requirement
-------------------------------------------------------------------
Hepion Pharmaceuticals, Inc., disclosed in a Form 8-K filed with
the Securities and Exchange Commission that on Sept. 3, 2024, it
received written notice from the Nasdaq Stock Market, LLC
indicating that the bid price for the Company's common stock, for
the last 30 consecutive business days, had closed below the minimum
$1.00 per share and, as a result, the Company is not in compliance
with the $1.00 minimum bid price requirement for the continued
listing on the Nasdaq Capital Market, as set forth in Nasdaq
Listing Rule 5550(a)(2).  The Notice has no effect at this time on
the Common Stock, which continues to trade on the Nasdaq Capital
Market under the symbol "HEPA".

In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company
has a period of 180 calendar days, or until March 3, 2025, to
regain compliance with the minimum bid price requirement.  To
regain compliance, the closing bid price of the Common Stock must
meet or exceed $1.00 per share for a minimum of 10 consecutive
business days during this 180 day period.

If the Company is not in compliance by March 3, 2025, the Company
may qualify for a second 180 calendar day compliance period.  If
the Company does not qualify for, or fails to regain compliance
during the second compliance period, then Nasdaq will notify the
Company of its determination to delist its Common Stock, at which
point the Company would have an option to appeal the delisting
determination to a Nasdaq hearings panel.

The Company intends to actively monitor the closing bid price of
its Common Stock and may, if appropriate, consider implementing
available options to regain compliance with the minimum bid price
under the Nasdaq Listing Rules.

                     About Hepion Pharmaceuticals

Hepion Pharmaceuticals, Inc., is a biopharmaceutical company
headquartered in Edison, New Jersey, focused on the development of
drug therapy for treatment of chronic liver diseases.  This
therapeutic approach targets fibrosis, inflammation, and shows
potential for the treatment of hepatocellular carcinoma ("HCC")
associated with non-alcoholic steatohepatitis ("NASH"), viral
hepatitis, and other liver diseases. The Company's cyclophilin
inhibitor, rencofilstat (formerly CRV431), is being developed to
offer benefits to address multiple complex pathologies related to
the progression of liver disease.

Jericho, New York-based Grassi & Co., CPAs, P.C., the Company's
auditor since 2023, issued a "going concern" qualification in its
report dated April 16, 2024, citing that the Company's significant
operating losses and negative cash flows from operations since
inception raise substantial doubt about its ability to continue as
a going concern.


HERITAGE HOTELS: Hires Vincent Slusher as Bankruptcy Counsel
------------------------------------------------------------
Heritage Hotels Rockport LLC seeks approval from the U.S.
Bankruptcy Court for the Southern District of Texas to employ
Vincent Slusher to handle its Chapter 11 case.

The firm will be paid at these rates:

     Vincent Slusher                $695 per hour
     Associate Attorney             $450 to $650 per hour
     Paralegals                     $180 to $250 per hour

The firm received $25,000 from Live Oak Lodging.

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

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

The firm can be reached at:

     Vincent Slusher, Esq.
     3633 Asbury Street
     Dallas, TX 75205
     Tel: (214) 478-5926

              About Heritage Hotels Rockport LLC

Heritage Hotels is part of the traveler accommodation industry.

Heritage Hotels Rockport LLC in Marble Falls, TX, filed its
voluntary petition for Chapter 11 protection (Bankr. S.D. Tex. Case
No. 24-20201) on July 24, 2024, listing as much as $10 million to
$50 million in both assets and liabilities. James R. Reese as
manager, signed the petition.

LAW OFFICE OF VINCENT SLUSHER serve as the Debtor's legal counsel.


HGLK INC: Hires Allen Vellone Wolf Helfrich & Factor as Counsel
---------------------------------------------------------------
HGLK INC., dba Woodys Lawn Sprinkler and Landscape, seeks approval
from the U.S. Bankruptcy Court for the District of Colorado to
employ Allen Vellone Wolf Helfrich & Factor as counsel.

The firm's services include:

     a. providing legal advice and representation in connection
with the general administration of the Estate;

     b. confirming of any proposed plan of reorganization, all
other contested and adversary matters that may arise in this case;
and

     c. investigating and litigating any avoidance or other action
the Estate may have, and other legal services for the Debtor
related to or arising out of contested matters in this bankruptcy
case.

The firm will be paid at these rates:

     Jeffrey Weinman        $625 per hour
     Katharine Sender       $375 per hour
     Bailey Pompea          $395 per hour
     Attorneys              $325 to $725
     Paralegals ranges      $120 to $235

The firm received $5,013.50 prepetition in connection with fees and
expenses preparing to file the bankruptcy, including the $1,738.00
filing fee.

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

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

The firm can be reached at:

     Katharine S. Sender, Esq.
     Allen Vellone Wolf Helfrich & Factor
     1600 Stout Street, Suite 1900,
     Denver, CO 80202
     Tel: (303) 534-4499

              About HGLK INC. dba Woodys Lawn
                   Sprinkler and Landscape

HGLK INC. dba Woodys Lawn Sprinkler and Landscape, filed a Chapter
11 bankruptcy petition (Bankr. D. Colo. Case No. 24-15053) on Aug.
28, 2024. The Debtor hires Allen Vellone Wolf Helfrich & Factor as
counsel.


HIGHPEAK ENERGY: Fitch Affirms 'B' LongTerm IDR, Outlook Stable
---------------------------------------------------------------
Fitch Ratings has affirmed HighPeak Energy Inc.'s Long-Term Issuer
Default Rating (IDR) at 'B'. Fitch has affirmed the company's
senior secured super priority revolving credit facility at 'BB/RR1'
and senior secured term loan at 'BB-'/'RR2'. The Rating Outlook is
Stable.

HighPeak's rating reflects its size and scale in the Permian with
high liquid exposure and high netbacks and solid drilling inventory
of economic locations. The rating also reflects its 12-month hedge
coverage, and leverage forecast to remain below 1.5x through the
cycle, based on Fitch's price deck. These factors are partially
offset by the company's small production size and reserve
replacement.

The Stable Outlook reflects Fitch's expectation of continued
positive FCF, which will be used to reduce the term loan facility.
The Outlook also reflects the refinancing of the term loan and
revolver in a timely manner.

Key Rating Drivers

Small but Increased Size: The rating reflects the company's small
but increased production size concentrated in the Northern Midland
basin. HighPeak's asset base (approximately 136,699 net acres)
includes two large contiguous blocks in Flat Top and Signal Peak,
with opportunity for more than 12,000-foot laterals. The assets are
liquid-oriented with 49 thousand barrels of oil equivalent per day
(mboepd) at 2Q24 production with about 89% liquids and about 76%
oil. Management has identified about 2,600 total locations in 2Q24
and estimates 80 MMboe total proved developed reserves at FYE
2023.

Minimal legacy development allows HighPeak to utilize industry
learning to optimize development patterning and completion across
its delineated formations. Much of the Midland basin is
well-developed, particularly the Lower Spraberry and Wolfcamp A and
B zones, which supports the company's expected well results. Fitch
believes HighPeak's acreage is less de-risked than other
companies', and well results could vary across the region.

Growth Strategy Execution Risk: Fitch believes HighPeak's growth
strategy carries execution risk, although this has eased slightly
as production is expected to remain in the 50 mboepd range. In
2Q24, HighPeak averaged two drilling rigs and one frac crew.
Management's 2024 guidance is for production of between 45 mboepd
and 49 mboepd.

HighPeak operates in Flat Top in Northeastern Howard County and
Signal Peak in Southeastern Howard County, which are both less
developed than Western Howard County. However, performance to date
has been strong on a higher liquid mix (89% liquids, 76% oil) than
other counties in the Midland basin. The Fitch-calculated netback
of $43 in 1Q24 is also higher than that of the peer group. Fitch
expects HighPeak's decline rate in the mid-30% level, which results
in annual capex of $550-580 million in the forecast, may pressure
the company's FCF generation.

Positive FCF Reduces Refinancing Risk: Fitch believes HighPeak's
near-term refinancing risk has decreased following the repayment of
its 2024 notes and revolver facility with a $1.2 billion senior
secured term loan facility in September 2023. HighPeak had a cash
balance of approximately $158 million in 2Q24, and its $100 million
senior secured super priority revolving facility was undrawn. The
company is evaluating its strategic alternatives to maximize
shareholder value, including a potential sale of the company.

Fitch expects HighPeak to generate positive FCF in 2024 at its
$75/barrel (bbl) West Texas Intermediate (WTI) price assumption,
which could potentially allow for elevated repayment of the term
loan given the excess cash flow sweep in place. The short-term
nature of the company's rig contracts means management could scale
back its rig count to preserve liquidity in a weakened oil price
environment. Fitch expects HighPeak to address the 2026 term loan
and revolver maturity in a timely manner.

Improved Near-Term Hedge Book: Fitch believes HighPeak's current
hedging coverage reduces the company's downside risks from weakened
commodity prices. The term loan requires a one-time minimum hedging
of 75% of forecast proved developed producing of crude oil
production for each calendar month to be hedged for 24 months with
all incremental hedges to be comprised of swaps, collars and puts.
HighPeak has used swaps, collars, and deferred premium puts as its
hedging strategy for 2024 and 2025.

Sub-1.5x Leverage Profile: Fitch forecasts HighPeak's leverage to
be below 1.5x at FYE 2024 and throughout the rating horizon.
Management has stated its priorities are balance sheet protection
and conservative financial policy, reinforced by equity
contributions and minimal shareholder returns to-date. Fitch
expects further deleveraging over time as the production profile
stabilizes and as FCF is used to reduce gross debt in the near
term.

Derivation Summary

HighPeak is a relatively small, growth-oriented operator with
average daily production of approximately 49 mboepd in 2Q24, which
is smaller than its Permian peers, Moss Creek Resources Holdings,
Inc. (B/Stable; 61mboepd in 1Q24), Matador Resources Company
(BB-/Positive; 150 mboepd in 1Q24), Crescent Energy Company
(BB-/Stable; 166 mboepd in 1Q24) and SM Energy Company (BB-/Watch
Positive; 145 mboepd in 1Q24).

In terms of cost structure at 1Q24, HighPeak's Fitch-calculated
unhedged cash netback of $43 per barrel of oil equivalent (boe; 68%
margin) is stronger than its peers, Moss Creek ($36.5/boe; 67%),
Matador ($36/boe; 70% margin), Crescent Energy ($19/boe; 46%
margin) and SM Energy ($28.9/boe; 68% margin). HighPeak incurs the
highest interest expense per barrel compared to its peers.

The company's forecast sub-1.5x leverage is similar to that of its
peer group.

Key Assumptions

Fitch's Key Assumptions Within Its Rating Case for the Issuer:

- WTI oil price of $75/bbl in 2024, $65/bbl in 2025, $60/bbl in
2026 and 2027, and $57/bbl thereafter;

- Henry Hub natural gas price of $2.50/mcf in 2024, $3.00/mcf in
2025 and $2.75/mcf thereafter;

- 2024F production around 47mboe/d in line with guidance, dropping
slightly in 2025 before low single digit organic production growth
thereafter;

- Annual capex of around $550-$580 million in the forecasts;

- Term Loan refinanced in 2026 along with an extension of the
revolver.

Recovery Analysis

KEY RECOVERY RATING ASSUMPTIONS

The recovery analysis assumes that HighPeak Energy would be
reorganized as a going-concern in bankruptcy rather than
liquidated.

Fitch has assumed a 10% administrative claim.

Going-Concern (GC) Approach

- Fitch assumed a bankruptcy scenario exit EBITDA of $370 million.
This GC EBITDA reflects Fitch's projections under a stressed case
price deck with a prolonged commodity price downturn.

- The GC EBITDA estimate reflects Fitch's view of a sustainable,
post-reorganization EBITDA level upon which Fitch base the
enterprise valuation, which reflects the decline from current
pricing levels to stressed levels and then a partial recovery
coming out of a troughed pricing environment. Fitch believes that a
lower-for-longer price environment combined with continued
aggressive growth and consequent revolver-funded capital outspend
and liquidity erosion could pose a plausible bankruptcy scenario
for HighPeak.

- An EV multiple of 3.0x EBITDA is applied to the GC EBITDA to
calculate a post-reorganization enterprise value. The choice of
this multiple considered the following factors:

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

- The lower multiple takes into consideration HighPeak's
oil-weighted Midland Permian asset base, which has increased risk
since it is less developed.

Liquidation Approach

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

- Fitch considers valuations such as SEC PV-10 and M&A transactions
for each basin including multiples for production per flowing
barrel, proved reserves valuation, value per acre and value per
drilling location;

- The revolver is assumed to be 100% drawn upon default. The senior
secured super priority revolving facility is senior to the senior
secured term loan in the waterfall;

- The allocation of value in the liability waterfall results in
recovery corresponding to 'RR1' for the senior secured super
priority revolving credit facility and 'RR2' for the senior secured
term loan, which is consistent with Fitch's Notching and Recovery
Rating Criteria.

RATING SENSITIVITIES

Factors that Could, Individually or Collectively, Lead to Positive
Rating Action/Upgrade

- Consistent track record of reserve replacement and total
production above 70 mboepd;

- Proactive management of the capital structure that shows
sustained access to the capital markets and reduces refinancing
risks;

- Continued positive FCF generation allocated to gross debt
reduction;

- Mid-cycle EBITDA leverage sustained below 2.5x.

Factors that Could, Individually or Collectively, Lead to Negative
Rating Action/Downgrade

- Failure to address the 2026 term loan and revolver in a timely
manner;

- Material reduction in liquidity and/or negative FCF which limits
the ability to repay gross debt;

- Failure to realize production growth resulting in production
sustained below 30 mboepd;

- Mid-cycle EBITDA leverage sustained above 3.0x.

Liquidity and Debt Structure

Adequate Liquidity: As at 2Q24, HighPeak's liquidity consists of
approximately $158 million of cash on its balance sheet and full
availability under its $100 million super priority revolving
facility. Fitch does not see material near-term liquidity needs and
believes the company's refinance risk is moderate given their
expected FCF generation, full availability on its revolver, and
medium-term maturities of its term loan and revolver facility due
in September 2026.

Issuer Profile

HighPeak is an independent energy exploration and production
company operating in Howard County in the Northern Midland Basin of
the Permian in west Texas.

MACROECONOMIC ASSUMPTIONS AND SECTOR FORECASTS

Fitch's latest quarterly Global Corporates Macro and Sector
Forecasts data file which aggregates key data points used in its
credit analysis. Fitch's macroeconomic forecasts, commodity price
assumptions, default rate forecasts, sector key performance
indicators and sector-level forecasts are among the data items
included.

ESG Considerations

HighPeak has an ESG Relevance Score of '4' for energy management
that reflects the company's cost competitiveness and financial and
operational flexibility due to scale, business mix, and
diversification. These factors have a negative impact on the credit
profile and are relevant to the rating in conjunction with other
factors.

The highest level of ESG credit relevance is a score of '3', unless
otherwise disclosed in this section. A score of '3' 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. Fitch's ESG Relevance Scores are not
inputs in the rating process; they are an observation on the
relevance and materiality of ESG factors in the rating decision.

   Entity/Debt               Rating        Recovery   Prior
   -----------               ------        --------   -----
HighPeak Energy Inc.   LT IDR B   Affirmed            B

   senior secured      LT     BB- Affirmed   RR2      BB-

   super senior        LT     BB  Affirmed   RR1      BB


HILLCREST FUND: Hires Henry Djonbalaj Real Estate as Broker
-----------------------------------------------------------
Hillcrest Fund, LLC seeks approval from the U.S. Bankruptcy Court
for the Central District of California to employ Henry Djonbalaj
Real Estate, LLC as real estate broker.

The firm will market and sell the Debtor's property located at 500
City Island Ave, Bronx, NY 10464.

The firm will receive a broker's commission in an amount equal to 5
percent of the purchase price.

As disclosed in court filings, Henry Djonbalaj does not have
connections with the Debtor, creditors and other parties in
interest.

The firm can be reached through:

     Henry Djonbalaj
     Henry Djonbalaj Real Estate, LLC
     655 Mclean Ave.
     Yonkers, NY 10705
     Phone: (914) 376-1000

        About Hillcrest Fund, LLC

Hillcrest Fund, LLC, filed a Chapter 11 bankruptcy petition (Bankr.
C.D. Cal. Case No. 2:24-bk-15607) on July 16, 2024. At the time of
filing, the Debtor estimated up to $50,000 in both assets and
liabilities.

Judge Barry Russell presides over the case.

The Debtor hires Anyama Law Firm, A Professional Corporation as
bankruptcy counsel.


HO WAN KWOK: Trustee Seeks to Hire Compass as Broker
----------------------------------------------------
Luc A. Despins, Chapter 11 trustee for Ho Wan Kwok and Genever
Holdings LLC, seeks approval from the U.S. Bankruptcy Court for the
District of Connecticut to hire Compass, Inc. as broker with
respect to the marketing and sales of properties in Greenwich,
Connecticut.

The firm's services include:

     a. preparing (i) a marketing plan and (ii) a comprehensive
inventory listing all items in the Greenwich Property and house
that are included in the sale and the items excluded from the
sale;

     b. promoting the Greenwich Property by various means,
including via a virtual staging of the property;

     c. managing the sale process for the Greenwich Property by,
among other things, (i) fielding all offers until negotiations lead
to an agreed price and terms, upon which an offer to purchase
document will be prepared for the buyer to sign and whose deposit
will be held in escrow subject to closing, and (ii) managing the
administration and closing process.

The broker will be compensated with a fee of 4.5 percent of the
sale price of the Greenwich Property. In addition, the Trustee has
agreed to assume the payment of $11,000 directly to the staging
company for the virtual staging of the Greenwich Property.

As disclosed in court filings, Compass does not have connections
with the Debtor, creditors and other parties in interest, and is a
"disinterested person" as such term is defined in section 101(14)
of the Bankruptcy Code.

The firm can be reached through:

     Julie Grace Burke
     Compass, Inc.
     200 Greenwich Ave 3rd Floor
     Greenwich, CT 06830
     Mobile: (203) 253-0648
     Email: jgb@compass.com

                  About Ho Wan Kwok

Ho Wan Kwok sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Conn. Case No. 22-50073) on Feb. 15, 2022. Judge
Julie A. Manning oversees the case. Dylan Kletter, Esq., is the
Debtor's legal counsel.

Ho Wan Kwok aka Guo Wengui is an exiled Chinese businessman.
According to Reuters, Guo was a former real estate magnate who fled
China for the U.S. in 2014 ahead of corruption charges. Guo  filed
for bankruptcy after a New York court ordered him to pay lender
Pacific Alliance Asia Opportunity Fund $254 million stemming from a
contract dispute. PAX had initially loaned two of Guo's companies
$100 million in 2008 for a construction project in Beijing and sued
Guo when he failed to pay off the loan.

An Official Committee of Unsecured Creditors has been appointed in
the case and is represented by Pullman & Comley, LLC.

Luc A. Despins was appointed Chapter 11 Trustee in the case.


HOLDCO NUVO GROUP: Seeks Bankruptcy 4 Mons. After It Goes Public
----------------------------------------------------------------
Dorothy Ma of Bloomberg Law reports that new public pregnancy care
firm Nuvo files for bankruptcy.

Holdco Nuvo Group DG Ltd. filed for bankruptcy in Delaware nearly
four months after going public via a special purpose acquisition
company.

The Tel Aviv-based firm, which sells monitoring devices for babies'
heart rates, filed for Chapter 11 on Thursday, August 22, 2024, and
intends to restructure, according to its bankruptcy petition. It
listed $3.5 million in assets and $39.4 million in debt.

Teneo Capital has been retained as financial adviser and Hughes
Hubbard & Reed as general bankruptcy counsel.

The merger between Nuvo and the SPAC was completed on May 1, and
shares plunged a combined 75% the next two days.

           About Holdco Nuvo Group DG Ltd.

Holdco Nuvo Group DG Ltd. is a Tel Aviv-based firm that sells
monitoring devices for babies' heart rates.

Holdco Nuvo Group DG Ltd. sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Del. Case No. 24-11881) on August
22, 2024. In its petition, it listed $3.5 million in assets and
$39.4 million in debt.

The Debtor is represented by:

     Derek C. Abbott, Esq.
     Morris, Nichols, Arsht & Tunnell
     Yigal Alon 94
     Tower 1
     Tel Aviv 6789155


HOMESPUN LLC: Hires Genova Malin & Trier LLP as Counsel
-------------------------------------------------------
Homespun, LLC seeks approval from the U.S. Bankruptcy Court for the
Southern District of New York to employ Genova, Malin & Trier, LLP
as counsel.

The firm will render these services:

   a. give the Debtor legal advice with respect to its powers and
duties in its financial situation and management of the property of
the Debtor;

   b. take necessary action to void liens against the Debtor's
property;

   c. prepare and amend, on behalf of the Debtor, necessary
petitions, schedules, orders, pleadings and other legal papers;
and

   d. perform all other legal services for the Debtor as Debtor
which may be necessary herein.

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

Michelle Trier, Esq., an attorney at Genova, Malin & Trier,
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:

     Andrea B. Malin, Esq.
     Michelle L. Trier, Esq.
     Genova, Malin & Trier LLP
     Hampton Business Center
     1136 Route 9
     Wappingers Falls, New York 12590
     Tel: (845) 298-1600

              About Homespun, LLC

Homespun, LL, filed a Chapter 11 bankruptcy petition (Bankr.
S.D.N.Y. Case No. 24-35813) on August 15, 2024. The Debtor hires
Genova, Malin & Trier, LLP as counsel.


HOODSTOCK RANCH: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: Hoodstock Ranch, LLC
        176 E Jewett Blvd
        White Salmon, WA 98672

Business Description: The Debtor is engaged in activities related
                      to real estate.  The Debtor is the owner of
                      the real property located at 267 86th Rd.,
                      Troutlake, WA 98620 having a comparable sale

                      value of $3.2 million.

Chapter 11 Petition Date: September 5, 2024

Court: United States Bankruptcy Court
       Eastern District of Washington

Case No.: 24-01427

Judge: Hon. Whitman L Holt

Debtor's Counsel: Patrick D. McBurney, Esq.
                  PATRICK D. MCBURNEY - ATTORNEY AT LAW
                  6855 W. Clearwater Ave., Suite A103
                  Kennewick, WA 99336
                  Tel: (509) 374-8996
                  Fax: (509) 374-1296
                  Email: pdmcburney@gmail.com

Total Assets: $3,248,000

Total Liabilities: $3,092,000

The petition was signed by Mark G. Heron as sole governor.

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

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

https://www.pacermonitor.com/view/WTVSCQY/Hoodstock_Ranch_LLC__waebke-24-01427__0001.0.pdf?mcid=tGE4TAMA


HOPEMAN BROTHERS: Committee Hires Morgan Lewis as Special Counsel
-----------------------------------------------------------------
The official committee of unsecured creditors of Hopeman Brothers,
Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern
District of Virginia to employ Morgan, Lewis & Bockius LLP as
special insurance counsel.

The firm's services include:

     a. advising the Committee on steps to preserve and maximize
insurance coverage;

     b. attending meetings and negotiating with representatives of
the Debtor, its insurance carriers, the future claimants'
representative (if one is appointed), and other parties in interest
in this Chapter 11 Case to preserve insurance coverage and resolve
disputed insurance issues;

     c. assisting the Committee with insurance-related matters in
connection with formulating a chapter 11 plan and funding any trust
established under the plan for the payment of asbestos claims;

     d. analyzing and assisting the Committee in evaluating any
settlement motions related to the Debtor's insurance policies; and

     e. providing additional advice or actions related to the
Debtor's insurance coverage as needed by the Committee.

The firm will be paid at these rates:

     Partners                 $995 to $1,885 per hour
     Of Counsel               $955 to $1,195 per hour
     Associates               $690 to $985 per hour
     Paraprofessionals        $200 to $575 per hour

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

The following information is provided in response to the request
for additional details as set forth in ¶ D.1 of the Appendix B
Guidelines:

   Question (a): Did you agree to any variations from, or
alternatives to, your standard or customary billing arrangements
for this engagement?

   Response: No.

   Question (b): Do any of the professionals included in this
engagement vary their rate based on the geographic location of the
bankruptcy case?

   Response: None of the professionals from Morgan Lewis involved
in this engagement have varied or will vary their rates based on
the geographic location of the bankruptcy case.

   Question (c): If you represented the client in the 12 months
prepetition, disclose your billing rates and material financial
terms for the prepetition engagement, including any adjustments
during the 12 months prepetition. If your billing rates and
material financial terms have changed post petition, explain the
difference and the reasons for the difference?

   Response: Not applicable. Morgan Lewis did not represent the
Committee during the prepetition period given that the Committee
did not exist until appointed on July 22, 2024 [D.I. 69].

Brady Edwards, Esq., a partner at Morgan, Lewis & Bockius LLP,
disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     Brady Edwards
     Morgan, Lewis & Bockius LLP
     1000 Louisiana Street, Suite 4000
     Houston, TX77002-5006
     Tel: (713) 890-5000

              About Hopeman Brothers

During the 1980s, Hopeman Brothers, Inc. transitioned its business
away from ship joining and into manufacturing check-out counters
used in commercial retail stores such as Walmart. In 2002, Hopeman
spun off its cabinet-making business into Cinnabar Solutions, Inc.
In 2003, Hopeman sold substantially all of its remaining
shipbuilding-related assets to an unrelated party, US Joiner LLC,
pursuant to an asset purchase agreement, dated as of December 23,
2003. Since the asset sale in 2003, Hopeman has had no business
operations and exists solely to defend and, when appropriate,
settle asbestos-related claims.

Hopeman Brothers filed Chapter 11 petition (Bankr. E.D. Va. Case
No. 24-32428) on June 30, 2024, with $50 million to $100 million in
both assets and liabilities.

The Debtor tapped Hunton Andrews Kurth, LLP as bankruptcy counsel;
Blank Rome, LLP as special insurance counsel; Courington, Kiefer,
Sommers, Marullo & Matherne, LLC as special asbestos counsel; and
Stout Risius Ross, LLC as financial advisor. Kurtzman Carson
Consultants, LLC is the claims and noticing agent.


ICON PARENT I: Moody's Assigns B3 CFR & Rates New 1st Lien Loans B2
-------------------------------------------------------------------
Moody's Ratings assigned a B3 corporate family rating and B3-PD
probability of default rating to Icon Parent I Inc. (dba
Instructure) in connection with the proposed acquisition of
Instructure Holdings, Inc. by investment funds managed by Kohlberg
Kravis Roberts & Co, Inc. (KKR). Concurrently, Moody's assigned a
B2 rating to the company's proposed $1.91 billion first-lien senior
secured credit facility, including a 5-year $225 million revolver
and a 7-year $1.685 billion term loan B, as well as a Caa2 rating
to the proposed 8-year $365 million senior secured second-lien term
loan B. Icon Parent I Inc. is the borrower under the proposed
credit facilities and a holding company of Instructure, Inc. The
outlook is stable. The current credit ratings of Instructure
Holdings, Inc., including the B1 CFR, B1-PD PDR, B1 rating on the
existing senior secured credit facility, have been affirmed, the
outlook is stable and the speculative grade liquidity rating
remains SGL-1, and will be withdrawn following the closing of the
transaction and repayment of the existing debt. Instructure is a
global provider of learning management software and credentialing
solutions.

Proceeds from the proposed debt financing, along with a
contribution of new cash equity from funds affiliated with KKR and
modest balance sheet cash will be used to fund the acquisition of
100% of the common stock of Instructure in a go-private
transaction, refinance existing debt, and pay transaction fees and
expenses. The new revolving credit facility is expected to be
undrawn at closing. The transaction is expected to close later this
year subject to customary closing conditions and receipt of
required regulatory approvals. The assignment of ratings remains
subject to Moody's review of the final terms and conditions of the
proposed financing.

Instructure's move to go-private, with financial backing from KKR
affiliates, raises governance concerns due to a significant
increase in debt and leverage. "Out of the box debt-to-EBITDA
following close of this new financing structure is estimated to
rise sharply to about 10.0 times (based on Moody's calculations)
from around 6.4 times as of June 30, 2024," said Moody's Ratings
analyst Oleg Markin. "While Moody's expect this measure to ease
over the next 12-18 months, fueled by robust EBITDA growth, it's
likely to remain above 8.5 times through 2025," Markin added.
Moody's expectation for sustained aggressive financial policies
under concentrated private company ownership, including additional
debt-financed acquisitions and/or shareholder returns, was a key
ESG governance consideration.

These risks are partially mitigated by Instructure's dominant
market presence in non-cyclical industry with good growth
prospects, coupled with its highly predictable and recurring
subscription-based revenue model, solid profitability and cash flow
capabilities. Furthermore, a substantial equity investment from
sponsors underlines strong backing for Instructure, demonstrating
that the company's enterprise value significantly surpasses its
rated debt.

RATINGS RATIONALE

Instructure's B3 CFR is constrained by the company's: (1)
highly-leveraged capital structure with pro forma debt-to-EBITDA
leverage (based on Moody's calculations) of around 10.0 times for
the twelve months ended June 30, 2024, which Moody's project will
decline towards 8.5 times over the next 12-18 months; (2) moderate
scale and limited revenue diversification; (3) operations in the
highly competitive and rapidly evolving education technology
landscape with a few large and established competitors as well as
freemium solutions in the K-12 schools; (4) revenue vulnerability
to the changes in state and federal education funding and student
enrollment; and (5) the potential for sustained aggressive
financial strategies under concentrated ownership that offset
financial leverage reduction from revenue and profitability
growth.

The rating is supported by the company's: (1) leading market
position as a provider of learning management systems (LMS),
credentialing solutions and assessments for the higher education
and K-12 institutions in North America and growing international
operations; (2) the highly predictable and recurring annual
subscription-based software-as-a-service (SaaS) revenue generated
from multi-year contracts with historically high gross retention
rates; (3) strong profitability with EBITDA margin of around 30%
(based on Moody's calculations) for the twelve months ended June
30, 2024; (4) favorable secular digitization trends, although
elongated sales cycles and tighter school budgets may restrict
growth over the near term; and (5) Moody's expectation for very
good liquidity over the next 12-15 months.

Moody's expect Instructure will maintain very good liquidity over
the next 12-15 months. Sources of liquidity consist of pro forma
cash balances in excess of $100 million at the close of the
transaction, Moody's expectation for annual free cash flow
generation of around $70 million in 2025 and over $100 million in
2026, and full access under the proposed $225 million revolving
credit facility due 2029. Despite the pronounced seasonality of the
academic year, Moody's do not foresee any use of the revolver over
the next 12-15 months. Moody's believe that all available liquidity
sources to the company provide very good coverage relative to the
annual mandatory term loan amortization of approximately $16.9
million, paid quarterly. There are no financial maintenance
covenants with respect to the term loan facilities but the revolver
is subject to a springing maximum first lien leverage ratio of
10.10x (as defined in the credit agreement) when the amount drawn
exceeds 45% ($101.25 million) of the aggregate amount of
commitments under the revolving credit facility. Moody's do not
expect the covenant to be triggered over the near term and believe
there is ample cushion within the covenant based on the projected
earnings levels for the next 12-15 months.

The B2 rating assigned to Instructure's proposed senior secured
first-lien credit facility (revolver and term loan), one notch
above the company's B3 CFR, reflects its senior position in the
capital structure relative to the senior secured second-lien term
loan and unsecured claims. The first-lien credit facility is
secured on a first priority basis by substantially all of the
present and after acquired assets of the borrower and each of the
guarantors.

The Caa2 rating assigned to Instructure's proposed senior secured
second-lien term loan, two notches below the company's B3 CFR,
reflects its lien subordination to the first lien credit facility.
The second-lien term loan is secured on a second priority basis by
the same collateral securing the first lien credit facility.

The first-lien and second-lien credit facilities will be
unconditionally guaranteed jointly and severally on an equal
priority senior secured basis by holdings and each existing and
subsequently acquired or organized direct or indirect wholly-owned
US restricted subsidiary of the borrower.

Marketing terms for the new credit facilities (final terms may
differ materially) include the following: Incremental pari passu
debt capacity up to the greater of $290 million and 100% of
trailing four quarter EBITDA, plus unlimited amounts equal to or
less than either a 5.75x first-lien leverage ratio, or the
first-lien leverage ratio immediately prior to such incurrence.
There is an inside maturity sublimit up to the greater of $580
million and 200% of trailing four quarter EBITDA of incremental
term facility and/or incremental equivalent facility, along with
any amounts incurred in connection with permitted acquisitions and
other investments. There are no "blocker" provisions which prohibit
the transfer of specified assets to unrestricted subsidiaries.
There are no express protective provisions prohibiting an
up-tiering transaction. Asset sale proceeds may be used by the
company to make permitted restricted payments in an amount not to
exceed the greater of $290 million and 100% of trailing four
quarter EBITDA and/or reinvest.

The stable outlook reflects Moody's expectation for organic revenue
and EBITDA growth in the mid-to-high single digits, along with
modest margin expansion. Moody's project Instructure's
debt-to-EBITDA (based on Moody's calculations) to fall to around
8.5 times over the next 12-18 months. Additionally, the company is
anticipated to sustain very good liquidity over the next 12-15
months, with its free cash flow-to-debt remaining above 3%.

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

The ratings could be upgraded if the company continues to grow
profitably and diversify its revenue base, debt-to-EBITDA is
sustained below 7.0 times, free cash flow-to-debt is sustained in
the mid-single-digit or above range, and Moody's anticipate more
balanced financial policies will be maintained.  

A ratings downgrade could result if Moody's anticipate
debt-to-EBITDA will not materially improve, EBITA-to-interest
expense falls below 1.0 time, if revenue or profitability decline,
or if free cash flow is materially weaker than expected.

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

Instructure, a Utah-based education technology company that
specializes in developing learning management system, credentialing
solutions, robust assessments for learning and analytics for higher
education and K-12 institutions, as well as corporate customers.
Its flagship product, Canvas, is used by educators and learners
worldwide to streamline digital learning. Moody's project the
company's annual revenue will exceed $700 million in 2025.


IDEAL PROPERTY: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Ideal Property Investments LLC
        2732 Grand Avenue, Suite 122
        Everett, WA 98201

Business Description: The Debtor is primarily engaged in renting
                      and leasing real estate properties.

Chapter 11 Petition Date: September 5, 2024

Court: United States Bankruptcy Court
       Eastern District of Washington

Case No.: 24-01421

Debtor's Counsel: Laurie Thornton, Esq.
                  DBS LAW
                  155 NE 100th St., Suite 205
                  Seattle, WA 98125
                  Tel: (206) 489-3802
                  Email: lthornton@lawdbs.com
        
Estimated Assets: $50 million to $100 million

Estimated Liabilities: $100 million to $500 million

The petition was signed by Eric J. Camm as manager.

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

https://www.pacermonitor.com/view/GAB4QNA/IDEAL_PROPERTY_INVESTMENTS_LLC__waebke-24-01421__0001.0.pdf?mcid=tGE4TAMA

List of Debtor's 20 Largest Unsecured Creditors:

  Entity                            Nature of Claim   Claim Amount

1. 352 Capital GP LLC                                 $106,925,000
c/o Sean V. Small
Lasher Holzapfel
Sperry & Ebberson PLLC
601 Union Street,
Suite 2600
Seattle, WA 98101

2. A&R Water Supply                                     $3,275,245
4 Peace Street
Pelham, NY 10803

3. Big Boy Tools LLC                                    $3,038,358
12625 Hideout Drive
Noblesville, IN 46060

4. Cadence Bank                                         $3,379,541
Attn: Billy J. Babineaux, Jr.,
315 Settlers Trace Blvd
Lafayette, LA 70508

5. Cadence Bank                                         $1,400,202
Attn: Billy J. Babineaux, Jr.,
315 Settlers Trace Blvd
Lafayette, LA 70508

6. Cole WS Tech LLC                                     $2,453,150
2960 Lewallen Place
Decatur, IL 62521

7. Creative Technologies LLC                           $31,703,184
2732 Grand Ave.,
Suite 122
Everett, WA 98201

8. First Federal Bank                                  $24,148,034
c/o Lane Powell LLP
1420 Fifth Avenue,
Suite 4200
Attn: Gregory R. Fox
98101

9. First Security Bank of Nevada                        $7,828,109
Attn: Carolyn Crockett
9130 W Russell Rd., Suite 100
Las Vegas, NV 89148

10. Granite Street                                      $3,154,417
Ventures, LLC
2468 Santa Barbara Ln
Franklin, TN 37069

11. Indiana Water                                       $3,403,296
Technology LLC
6404 Myrtle Lane
Indianapolis, IN
46220

12. NBC Mergeco, Inc.                                   $1,124,962
c/o Schweet Linde &
Rosenblum, PLLC,
575 S. Michigan St.
Seattle, WA 98108

13. Pacific Water                                       $3,247,171
Technology LLC
2305 43rd Street SE
Puyallup, WA 98374

14. Prasiti Water                                       $2,807,461
Investments LLC
2001 S Hardin Blvd
Suite 110 #102
McKinney, TX 75070

15. RC WS Tech 1157 LLC                                 $2,006,250
2960 Lewallen Place
Decatur, IL 62521

16. RD WS TECH 3594                                     $1,679,764
7356 Lester Street
Lexington, MI 48450

17. Redwaters LLC                                       $1,399,000
24352 Woodhall Ct
Naperville, IL 60564

18. SDB H20 LLC                                         $1,812,369
6276 Talon Preserve Dr
Nokomis, FL 34275

19. SS Holdings LLC                                     $3,147,802
4601 Chennault
Beach Road, Suite 200
Mukilteo, WA 98275

20. WST LLC                                             $1,979,851
6276 Talon Preserve Dr
Nokomis, FL 34275


IMPRIVATA INC: Fitch Affirms 'B' LongTerm IDR, Outlook Stable
-------------------------------------------------------------
Fitch Ratings has affirmed Imprivata, Inc.'s Long-Term Issuer
Default Rating (IDR) at 'B'. Fitch has also affirmed the company's
$100 million secured revolving credit facility (RCF) and proposed
upsized $1.32 billion first-lien secured term loan at 'BB-'/'RR2'.
The incremental $225 million first-lien term loan, along with cash
on balance sheet, will be used to fully repay the $300 million
second lien term loan.

Imprivata's ratings are supported by its strong market position
within identity governance and multifactor authentication (MFA) for
healthcare providers, as well as secular growth trends for data
security and access management within a complex regulatory
environment. Solid EBITDA margins and high customer retention rates
support its credit profile. However, elevated interest expenses
have pressured free cash flow (FCF) generation in 2023, and Fitch
expects the (CFO-Capex)/Debt ratio to remain weak in 2024 then
trend higher to over 5% in 2025.

Key Rating Drivers

Moderate Financial Leverage: Fitch estimates Fitch Adjusted EBITDA
leverage of around 6.5x in 2024 and then approaching 5.5x by 2026,
absent any material debt-funded acquisitions of dividends. Fitch
expects the $75 million debt reduction and EBITDA growth to drive
the deleveraging. Imprivata plans to fully repay its $300 million
second lien term loan with $225 million incremental first lien term
loan and cash on balance sheet. However, given its scale and
private equity ownership, Fitch believes the company is likely to
optimize ROE through acquisitions to accelerate growth or dividends
to the owners.

Attractive Margin Profile: Imprivata's margin profile is in line
with best-in-class software peers, despite its limited scale.
Imprivata's EBITDA margin profile also compares favorably with its
horizontal peers, such as Okta, Inc. Although Imprivata experienced
margin pressure after the SecureLink acquisition in 2Q22, the
company's EBITDA margins recovered in recent quarters. Minimal
capex and working capital requirements support FCF generation.
However, elevated interest expenses have pressured the FCF
generation in 2023 and the (CFO-Capex)/Debt ratio, which Fitch
expects will normalize at levels above 5% in the coming years.

Sizable and Growing Market Opportunity: Digitization of care
delivery, proliferation of healthcare systems and devices, pivots
to telehealth, increased cybersecurity threats, privacy law
requirements and increased regulation of licensed prescribers, are
all driving the demand for identity governance, multi-factor
authentication and endpoint security. Additionally, awareness of,
and demand for, cybersecurity is accelerating, given the heightened
frequency and severity of cyberattacks.

Imprivata has a strong market share amongst U.S. hospitals that
deploy a digital identity solution, with significant greenfield
opportunities as the healthcare sector continues its digital
evolution.

Diversified Customer Base with High Retention: Imprivata serves
over 4,100 customers with no material customer concentration.
Additionally, the company maintains high retention rates and has a
strong track record of expanding its share of wallet over time. The
company reported net retention rate of >115% for 2023. Although
subscriptions bill annually, they are secured under longer-term
multiyear agreements, providing strong revenue visibility.

Strong Use Case Supports Growth: Imprivata's solutions are
purpose-built for the healthcare industry, in compliance with
regulatory requirements. Its products are integrated with hospital
legacy on-premises solutions, with the largest electronic health
record providers and diagnostic systems. Imprivata's solutions
become more relevant as cybersecurity risks escalate, with 2023
already the worst year on record for cyberattacks.

With additional capabilities, such as vendor-privileged access
management, the company has extended its use case. In addition to
providing access management for healthcare industry, Imprivata's
solutions can also be implemented in non-healthcare settings,
providing more growth opportunities.

Niche Player with Limited Scale: While Imprivata occupies a leading
market position within the healthcare vertical, its ratings are
limited by its scale and lack of end-market diversification
relative to other software technology peers. Imprivata's
purpose-built software product gained traction in nonhealthcare
settings. However, it competes with horizontal peers, such as Okta,
which have much larger scale, sizable installed base and more
established cloud offerings.

Derivation Summary

Imprivata's industry expertise, revenue scale, profitability and
Fitch Adjusted EBITDA leverage profile are consistent with the 'B'
rating category. The company has a smaller revenue scale as a
result of its narrow end-market focus relative to its larger and
more diversified horizontal peers, such as Okta. Imprivata also
competes with Identity Automation LP, which is vertically focused
on the healthcare segment, albeit significantly smaller in scale
and with a narrower service offering than Imprivata.

Imprivata has market-leading EBITDA and FCF margins, well in excess
of its larger peers, demonstrating its superior value proposition.
Imprivata's operating profile benefits from its deep integration
with other healthcare IT providers, its comprehensive product
offering and the growing cybersecurity threats faced by the
healthcare industry.

Key Assumptions

- Revenue growth in the mid-teens;

- EBITDA margins above 40%;

- Normalized FCF in the low- to mid-teens post 2024;

- Aggregate incremental $200 million acquisition through 2027;

- No dividend payment to shareholders through 2027;

- Capex intensity in the low single digits.

Recovery Analysis

Key Recovery Rating Assumptions

The recovery analysis assumes that Imprivata would be reorganized
as a going concern (GC) in bankruptcy rather than liquidated. Fitch
assumed a 10% administrative claim.

Going-Concern Approach

In the event of a bankruptcy reorganization, Fitch expects
Imprivata would suffer customer churn, pressuring the revenue and
compressed EBITDA margins on lower revenue scale. This would result
in GC EBITDA of $163 million, approximately 20% below the projected
level of 2024 EBITDA. The GC EBITDA is higher than Fitch's previous
assumption to reflect the structurally higher EBITDA generation by
the company after the full integration of SecureLink.

Fitch uses an enterprise valuation (EV) multiple of 7.0x, which
aligns with other software companies that exhibit highly recurring
revenue, strong profitability, high FCF conversion and high revenue
retention rates. The choice of this multiple considered the
following factors:

- The historical bankruptcy case study exit multiples for
technology peer companies ranged from 2.6x-10.8x;

- Of these companies, five were in the software sector: Allen
Systems Group, Inc.: 8.4x; Avaya, Inc. — 2023: 7.5x, 2017: 8.1x;
Aspect Software Parent, Inc.: 5.5x; Sungard Availability Services
Capital, Inc.: 4.6x; and Riverbed Technology Software: 8.3x;

- The highly recurring nature of Imprivata's revenue and mission
critical nature of the product support the high-end of the range.

- Fitch arrived at an EV of $994 million. After applying the 10%
administrative claim, adjusted EV of $895 million is available for
claims by creditors;

- Fitch assumes a fully drawn revolver in its recovery analysis
since credit revolvers are tapped as companies are under distress.
Fitch assumes a full draw on Imprivata's $100 million revolver;

- Fitch estimates strong recovery prospects for the first-lien
senior secured credit facilities and rates them 'BB-'/'RR2', or two
notches above Imprivata's 'B' Issuer Default Rating.

RATING SENSITIVITIES

Factors that Could, Individually or Collectively, Lead to Positive
Rating Action/Upgrade

- Fitch's expectation of Fitch Adjusted EBITDA leverage sustaining
below 5.5x;

- (Cash flow from operations [CFO] - capex)/debt ratio sustaining
above 7.5%;

- End-market or product diversification.

Factors that Could, Individually or Collectively, Lead to Negative
Rating Action/Downgrade

- Fitch's expectation of Fitch Adjusted EBITDA leverage sustaining
above 7.5x as a result of more aggressive capital allocation or
weaker than anticipated operating performance;

- (CFO - capex)/debt ratio sustaining below 3%;

- EBITDA Interest coverage ratio sustained below 2.0x.

Liquidity and Debt Structure

Adequate Liquidity: Fitch projects that Imprivata's liquidity will
be adequate, supported by an undrawn $100 million revolving credit
facility, and readily available cash and cash equivalents. Fitch
expects Imprivata's cash flow to be supported by EBTIDA margins in
the low-40% range.

Debt Structure: Imprivata has $1.32 billion of secured first-lien
debt due 2027. The $300 million second-lien debt due 2028 is being
repaid with the $225 million incremental first lien term loan and
cash on balance sheet. Given the recurring revenue nature of the
business and adequate liquidity, Fitch believes Imprivata will be
able to make its required debt payments.

Issuer Profile

Imprivata provides digital identity solutions to the healthcare
industry, enabling providers to securely access multiple healthcare
applications through a secure single sign on application. Imprivata
provides access management, mobile provisioning, authentication,
identity governance and patient identification solutions.

MACROECONOMIC ASSUMPTIONS AND SECTOR FORECASTS

Fitch's latest quarterly Global Corporates Macro and Sector
Forecasts data file which aggregates key data points used in its
credit analysis. Fitch's macroeconomic forecasts, commodity price
assumptions, default rate forecasts, sector key performance
indicators and sector-level forecasts are among the data items
included.

ESG Considerations

The highest level of ESG credit relevance is a score of '3', unless
otherwise disclosed in this section. A score of '3' 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. Fitch's ESG Relevance Scores are not
inputs in the rating process; they are an observation on the
relevance and materiality of ESG factors in the rating decision.

   Entity/Debt             Rating         Recovery   Prior
   -----------             ------         --------   -----
Imprivata Inc.       LT IDR B   Affirmed             B

   senior secured    LT     BB- Affirmed    RR2      BB-


INDEPENDENCE REALTY: Case Summary & Four Unsecured Creditors
------------------------------------------------------------
Debtor: Independence Realty & Investments, LLC
        4112 Summer Ave.
        Memphis, TN 38122

Chapter 11 Petition Date: September 6, 2024

Court: United States Bankruptcy Court
       Western District of Tennessee

Case No.: 24-24362

Debtor's Counsel: Toni Campbell Parker, Esq.
                  LAW FIRM OF TONI CAMPBELL PARKER
                  45 N. BB KIng Blvd., Ste. 201
                  Memphis, TN 38103
                  Tel: 901-483-1020
                  Fax: 866-489-7938
                  E-mail: tparker002@att.net

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Derrick Brown as managing member.

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

https://www.pacermonitor.com/view/7P4FXNY/Independence_Realty__Investments__tnwbke-24-24362__0001.0.pdf?mcid=tGE4TAMA


INSIGHT TERMINAL: Court Grants Bid for Rule 2004 Examination
------------------------------------------------------------
Judge Joan A. Lloyd of the United States Bankruptcy Court for the
Western District of Kentucky granted Insight Terminal Solutions,
LLC's motion for a Rule 2004 Examination of the City of Oakland.

On March 11, 2024, the Debtor filed Adversary Proceeding No.
24-03007 against the City of Oakland asserting claims against the
City for monetary damages that it claimed were caused by the City's
interference with the Debtor's third-party contracts pertaining to
the construction of a proposed rail to ship terminal. The Debtor
asserts that the City's actions caused the Debtor's bankruptcy
filing and that its actions interfered with the Debtor's third
party contracts resulting in monetary losses of no less than $1
billion.

On April 22, 2024, the Debtor filed with the Bankruptcy Court a
Motion for a Rule 2004 Examination of a Sierra Club representative.
On April 26, 2024, the Bankruptcy Court entered an Order granting
the Debtor's request.

On May 24, 2024, the Sierra Club filed a Motion to Set Aside the
Court's Order for a Rule 2004 Examination against it.

On July 3, 2024, the Debtor filed a Motion for a Rule 2004
Examination of the City of Oakland. On July 5, 2024, the City of
Oakland filed an Objection to the Debtor's Rule 2004 Motion.

On July 11, 2024, the Court held a hearing on the Motions.
Following the hearing, the Court took both matters under
submission.

The Debtor states that the scope of the examination involving the
City of Oakland will be limited to the City's material
transactions, such as the contemplated sale of the Oakland
Coliseum. The Debtor contends the City's actions warrant
investigation of the "questionable" transactions "to determine
whether they may constitute avoidable post-petition financial
transactions" under Sec. 549(a) of the Bankruptcy Code.

The City of Oakland objects based on the fact that there is a
pending Adversary Proceeding filed by the Debtor against the City,
A.P. No. 24-03007. The City points out it was never a creditor of
the Debtor and no claims were ever raised by the Debtor in its
Chapter 11 case against the City of Oakland. The current Adversary
Proceeding filed by the Debtor against the City is based on two
California business tort allegations which the Debtor asserts
caused the bankruptcy. The City has a pending Motion to Dismiss the
Debtor's Adversary Proceeding for lack of jurisdiction by this
Court over any post-confirmation efforts by the Debtor to bring
California tort claims against a California city in this Court.

The City of Oakland also objects to the Debtor's use of a Rule 2004
Motion for discovery into the City's finances, including the
proposed transaction related to the Oakland-Alameda County Coliseum
Complex. The City contends these transactions have nothing to do
with the Debtor's bankruptcy case or its Plan and that the
Bankruptcy Court "lacks jurisdiction to grant this frivolous
request for many other reasons."

Judge Lloyd says, "In this case, the Debtor seeks a Rule 2004
Examination of the City of Oakland post-confirmation of its Chapter
11 case. While such requests are not routine occurrences in Chapter
11 proceedings, they are not prohibited. The party seeking a grant
of Rule 2004 discovery must prove 'good cause' for the discovery by
showing it is needed to establish a claim or that denial of the
request would cause undue hardship."

Judge Lloyd points out that in In re DeFoor Centre, LLC, 634 B.R.
630, 638 (Bankr. M.D. Fla. 2021), the request for a Rule 2004
Examination was denied because the court determined that the debtor
would have ample opportunity to conduct discovery once it filed its
adversary proceeding. Unlike the DeFoor case, she notes Insight
Terminal alleges the City of Oakland is a "contingent debtor" of
the Debtor and that the City is engaging in "questionable," and
"improper financial dealings" that warrant investigation. It
further sets forth those actions of the City regarding the possible
sale of one of the City's biggest assets, the City's undivided 50%
interest in the real property where the Oakland Coliseum is
located.

According to Judge Lloyd, "The scope of a Rule 2004 Examination is
broad. The Rule is substantially a pre-litigation device for
assessing whether grounds exists to commence an action. The
Debtor's request herein is well within the limits of Rule 2004 as
pre-litigation strategy for determining whether grounds exists for
it to bring an action against the City of Oakland."

"Unlike discovery under Fed. R. Civ. 26(b)(1), inquiries under Rule
2004 need only be relevant to the 'acts, conduct, or property or to
the liability and financial condition of the debtor, or to any
matter which affects the administration of the debtor's estate.'"

"Debtor has established that the reason for the Rule 2004
Examination is to determine whether the City's transactions with
respect to the Coliseum may constitute an avoidable post-petition
transaction under 11 U.S.C. Sec. 549(a) of the United States
Bankruptcy Code. The parties herein, however, are cautioned that
this Court's Order allowing the requested Rule 2004 Examination of
the City of Oakland is not intended for any party to conduct
examination of any party related to the matters outside those in
the Debtor's Motion for the Rule 2004 Examination. Any discovery
attempts regarding those matters set forth in the pending Adversary
Proceeding, A.P. No. 24-03007 are not within the scope of this
Order," she concludes.

A copy of the Court's decision dated August 26, 2024, is available
at https://urlcurt.com/u?l=FcapPc

                About Insight Terminal Solutions

Insight Terminal Solutions -- http://insightterminals.com/-- is an
Oakland, Calif.-based company that provides terminal and
stevedoring services at the Oakland Bulk and Oversized Terminal
(OBOT) for a variety of bulk agriculture and mineral commodities.

Insight Terminal Solutions and its affiliate Insight Terminal
Holdings, LLC filed voluntary petitions for relief under Chapter 11
of the Bankruptcy Code (Bankr. W.D. Ky. Lead Case No. 19-32231) on
July 17, 2019.  The petitions were signed by John J. Siegel, Jr.,
manager.

At the time of filing, Insight Terminal Solutions was estimated to
have $1 million to $10 million in assets and $10 million to $50
million in liabilities.  Insight Terminal Holdings was estimated to
have up to $50,000 in assets and $1 million to $10 million in
liabilities.

Andrew David Stosberg, Esq., at Middleton Reutlinger, represents
the Debtor.

On April 27, 2020, Autumn Wind Lending, LLC filed its Chapter 11
Plan of Reorganization for Insight Terminal.  On May 26, 2020,
Insight Terminal filed its Chapter 11 Plan.  On July 19, 2020,
Insight Terminal filed its First Amended Chapter 11 Plan.

On November 3, 2020, following a hearing before the Bankruptcy
Court, Insight Terminal withdrew its Amended Chapter 11 Plan and
the Court entered an Order of Confirmation of the Amended Plan of
Creditor
Autumn Wind Lending.


INTERNATIONAL PETROLEUM: S&P Affirms 'B' ICR, Outlook Stable
------------------------------------------------------------
S&P Global Ratings affirmed its 'B' issuer credit rating on
Canadian oil and gas exploration and production (E&P) company
International Petroleum Corp. (IPC) and its 'B+' issue-level rating
on the company's US$450 million of senior unsecured notes due
February 2027.

S&P said, "The stable outlook reflects our view that despite some
weakening, S&P Global Ratings' updated projected credit metrics
will continue to support the 'B' issuer credit rating.
Specifically, we project adjusted funds from operations (FFO) to
debt to average about 35% and adjusted debt to EBITDA of 2.4x over
the next two years.

"IPC's projected leverage metrics have deteriorated since our last
review given weaker hydrocarbon pricing, particularly for natural
gas, and the company's relatively high gross debt level.

"Our oil and natural gas price assumptions for 2024-2025 have
measurably declined since our last review, especially for Canadian
AECO natural gas. IPC's daily average production is about 30%
natural gas. The company produces roughly 3x the amount of natural
gas it uses in its thermal steam-assisted gravity drainage (SAGD)
operations, which offsets a portion of the top-line cash flow
impact of weaker natural gas prices as a lower input cost.
Nevertheless, the weaker pricing over our forecast period has
meaningfully compressed cash flow generation for IPC, with our
current forecast S&P Global Ratings-adjusted FFO for 2024 and 2025
roughly 25% lower than at the time of our last review.

"The impact of weaker cash flows directly translates to
deteriorated financial metrics given we do not net cash in our
adjusted debt value for ratings at this level because we assume the
cash will be used to fund shareholder returns, potential mergers
and acquisitions (M&A), or accelerated growth capital spending. IPC
does, however, have a considerable cash balance on hand of about
US$370 million as of June 30, 2024. We now forecast FFO to debt of
about 35% and debt to EBITDA of about 2.4x for 2024-2025 given the
weaker FFO generation in those years. This compares with our
previous expectation for FFO to debt of about 48% and debt to
EBITDA of just over 1.7x."

Partially offsetting the weaker projected credit metrics are the
company's material cash on hand, good availability under its
revolving credit facility, and flexibility to defer growth spending
in a weaker oil price environment.

S&P said, "While we do not net cash in our calculation of adjusted
debt for IPC, we believe its meaningful cash balance and ample
availability under its C$180 million revolving credit facility
(approximately C$140 million available, net of letters of credit,
as of June 30, 2024), provide flexibility and liquidity cushion.
IPC's material negative free operating cash flow generation, which
we define as cash flow from operations less capital expenditures,
is a direct result of its capital spending program, with most of
the spending directed toward its Blackrod Phase 1 greenfield
development project. We anticipate roughly 70% of the total US$850
million Blackrod Phase 1 cost will have been spent by year-end
2024, with the remaining 30% spent in 2025 and 2026. Under our
current forecast, we expect IPC to have about US$235 million of
cash on hand at year end, which would almost cover all the
remaining Phase 1 spending.

"Furthermore, only roughly US$75 million of our expectation for
2024 capital expenditure of about U$440 million is
maintenance-related. Given the very low capital spending required
to maintain its current production, we see ample flexibility to
defer growth spending on its Blackrod project should oil prices
meaningfully weaken. We also expect the company to complete share
buybacks of just under US$100 million this year, which we also
expect management would lower in a weaker commodity price
environment.

"Rating upside is limited over our forecast period given the
company's operating scale and negative free operating cash flow
generation.

"We expect IPC's daily average production to remain between 45,000
and 48,000 barrels of oil equivalent per day (boe/d) until the
first oil from Blackrod Phase 1 in late 2026. Phase 1 is expected
to add about 30,000 boe/d of production once it is fully ramped up
in 2028; however, IPC's current operational scale is considerably
lower than 'B+' rated peers like NuVista Energy Ltd. (83,000 to
87,000 boe/d in 2024) and Magnolia Oil & Gas Corp. (85,000 to
90,000 boe/d in 2024). Furthermore, while many similarly sized
peers have focused on debt reduction, IPC has undertaken a major
greenfield expansion project and as a result is generating
significant negative free operating cash flow over our forecast
period. Accordingly, for rating upside we would look to see IPC
materially expand its operational scale and cash flow generation
while spending within available cash flow and maintaining FFO to
debt comfortably above 60%.

"The stable outlook reflects our view that despite lower cash flow
generation relative to IPC's high forecast capital spending, S&P
Global Ratings' updated projected credit metrics will continue to
support the 'B' issuer credit rating. Specifically, we project
adjusted FFO to debt to average about 35% and adjusted debt to
EBITDA of 2.4x over the next two years. The outlook also reflects
our expectation that the company's meaningful cash balance will
support liquidity over the next 12 months, allowing it to fund
capital spending and shareholder distributions.

"We would likely lower the rating over the next 12 months if IPC's
cash flow generation deteriorated or leverage increased such that
the two-year average FFO to debt approached 20% with no near-term
improvement or if its liquidity weakened. Since heavy oil accounts
for half of IPC's daily average production, the company's cash flow
metrics could weaken to this level during a prolonged period of
very weak West Texas Intermediate (WTI) prices or
wider-than-anticipated heavy oil price discounts. Metrics could
also weaken with material unanticipated cost increases to Blackrod
Phase 1 or M&A activity that require additional debt funding.

"We view rating upside as limited over the next 12 months given its
limited scale and negative free operating cash flow generation to
fund its Blackrod expansion project. Nevertheless, we could raise
our rating on IPC if the company materially improved its operating
scale and cash flow generation to closely align with those of
higher-rated peers. In this scenario, we would also expect IPC to
sustain FFO to debt comfortably above 60% and spend within
available cash flow."



INTRUSION INC: All Five Proposals Passed at Annual Meeting
----------------------------------------------------------
Intrusion Inc. disclosed in a Form 8-K filed with the Securities
and Exchange Commission that it held its Annual Meeting of
Stockholders on Aug. 27, 2024, at which the stockholders:

   (1) elected Anthony J. LeVecchio, Anthony Scott, James F. Gero,
Katrinka B. McCallum, Gregory K. Wilson, and Dion Hinchcliffe to
serve as directors until the next Annual Meeting of Stockholders or
until their respective successors are duly elected and qualified;

   (2) ratified the appointment of Whitley Penn LLP as independent
auditors of the Company for the fiscal year ending Dec. 31, 2024;

   (3) approved an amendment to the 2021 Omnibus Incentive Plan to
increase the number of shares reserved under the Plan from 125,000
to 2,500,000, with an annual increase on the first day of each
calendar year beginning on Jan. 1, 2025 and ending on Jan. 1, 2030
equal to the lesser of: (A) 10% of the increase in the number of
shares of Common Stock outstanding from the first day of the
preceding calendar year to the first day of the current calendar
year, as the number of shares are determined on a fully-diluted
basis; or (B) such smaller number of shares of Common Stock as may
be determined by the Board;

   (4) approved an amendment to the 2023 Employee Stock Purchase
Plan to increase the number of shares reversed under the Plan from
50,000 to 1,000,000;

   (5) approved the reservation and issuance of up to $10.0 Million
of Common Stock in connection with a Standby Equity Purchase
Agreement with Streeterville Capital, LLC, so that such issuances
are made in accordance with Nasdaq Marketplace Rule 5635(d) (which
requires stockholder approval of issuances or potential issuances
by the Company of Common Stock (or securities convertible into or
exercisable for Common Stock) equal to 20% or more of the Common
Stock outstanding before the issuance at an exercise price less
than the Minimum Price as defined by the Rule).

                           About Intrusion

Headquartered in Plano, Texas, Intrusion Inc. offers businesses of
all sizes and industries products and services that leverage the
Company's exclusive threat intelligence database of over 8.5
billion IP addresses and domain names. After many years of
gathering intelligence and providing its INTRUSION TraceCop and
Savant solutions exclusively to government entities, the Company
released its first commercial product in 2021, the INTRUSION
Shield. INTRUSION Shield was designed to allow businesses to
incorporate a Zero Trust, reputation-based security solution into
their existing infrastructure to observe traffic flow and instantly
block known malicious or unknown connections from both entering or
exiting a network, making it an ideal solution for protecting from
Zero-Day and ransomware attacks.

Dallas, Texas-based Whitley Penn LLP, the Company's auditor since
2009, issued a "going concern" qualification in its report dated
April 1, 2024, citing that the Company has suffered recurring
losses from operations, negative cash flows from operations, and
has a net working capital deficiency that raise substantial doubt
about its ability to continue as a going concern.


JINGBO TECHNOLOGY: Board Adopts Amended & Restated Bylaws
---------------------------------------------------------
Jingbo Technology, Inc., disclosed in a Form 8-K filed with the
Securities and Exchange Commission that on Sept. 3, 2024, the board
of directors of the Company approved and adopted the Amended and
Restated Bylaws which became effectively immediately.  The Amended
Bylaws (i) revised the principal business location of the Company
and (ii) lowered the minimum votes required for actions taken by
written consent of stockholders to the majority of the issued and
outstanding shares of the Company.  A copy of the Company's Amended
Bylaws is available for free at:

https://www.sec.gov/Archives/edgar/data/1647822/000149315224034842/ex3-1.htm

                            About Jingbo

Headquartered in Shoujiang Town, Fuyang District, China., Jingbo
Technology, Inc., initially was in the business platform of
providing application software to a global vendor platform to
connect people to businesses and provide a new shopping experience.
The Company's wholly owned subsidiary, Intellegence Parking Group
Limited, is a multinational technology company, with a smart
parking application software and platform business ecosytem as its
main business venture. Intellegence operates facilities at Xiaoshan
Airport Remote Parking Lot, Tianjin Xinhua International
University, Fuyang People's Hospital, Qilu University Hospital,
Shanghai Tesco Supermarket, Hubei Huanggang Central Hospital.  It
also currently has eight urban parking projects.

Guangzhou, Guangdong, China-based GGF CPA LTD, the Company's
auditor since 2024, issued a "going concern" qualification in its
report dated July 3, 2024, citing that the Company had incurred
substantial losses during the years and negative working capital,
which raises substantial doubt about its ability to continue as a
going concern.


JOE'S AUTO: Hires Law Firm of Hester Baker Krebs as Attorney
------------------------------------------------------------
Joe's Auto Service, Inc. seeks approval from the U.S. Bankruptcy
Court for the Southern District of Indiana to employ Law Firm of
Hester Baker Krebs LLC as attorney.

The firm will provide these services:

     a. give the Debtor legal advice with respect to its powers and
duties as debtor-in-possession and management of its property;

     b. take necessary action to avoid the attachment of any lien
against the Debtor's property threatened by secured creditors
holding liens;

     c. prepare on behalf of the Debtor as debtor-in-possession
necessary petitions, answers, orders, reports, and other legal
papers; and

     d. perform all other legal services for the debtor as
debtor-in-possession which may be necessary herein, inclusive of
the preparation of petitions and orders respecting the sale or
release of equipment not found to be necessary in the management of
its property, to file petitions and orders for the borrowing of
funds; and it is necessary for the Debtor as debtor-in-possession
to employ counsel for such professional services.

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

The firm received an initial retainer in the amount of $1,738 to
cover the filing fee. The Debtor agreed to provide a $15,000
post-petition retainer.

David R. Krebs, a partner at Hester Baker Krebs LLC, disclosed in a
court filing that the firm is a "disinterested person" as the term
is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     David R. Krebs, Esq.
     Hester Baker Krebs LLC
     One Indiana Square, Suite 1330
     Indianapolis, IN 46204
     Tel: (317) 833-3030;
     Fax: (317) 833-3031
     Email: dkrebs@hbkfirm.com

              About Joe's Auto Service

Joe's Auto Service, Inc., formerly known as Big O Tires,
specializes in brake repairs, diagnostic procedures, and tackling
automotive issues from battery problems. The company is based in
Noblesville, Ind.

Joe's Auto Service filed a petition under Chapter 11, Subchapter V
of the Bankruptcy Code (Bankr. S.D. Ind. Case No. 24-04264) on
August 9, 2024, with $500,000 to $1 million in assets and $1
million to $10 million in liabilities. Joe Peil, president, signed
the petition.

Judge Jeffrey J. Graham presides over the case.

David Krebs, Esq., at Hester Baker Krebs, LLC represents the Debtor
as legal counsel.


KASAI HOLDINGS: Michael Carmel Named Subchapter V Trustee
---------------------------------------------------------
The U.S. Trustee for Region 14 appointed Michael Carmel of Michael
W. Carmel, Ltd. as Subchapter V trustee for Kasai Holdings Three,
LLC.

Mr. Carmel will be paid an hourly fee of $550 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

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

The Subchapter V trustee can be reached at:

     Michael W. Carmel
     Michael W. Carmel, Ltd.
     80 E. Columbus Ave
     Phoenix, AZ 85012-4965
     Phone: 602-264-4965
     Fax: 602-277-0144
     Email: michael@mcarmellaw.com

                    About Kasai Holdings Three

Kasai Holdings Three, LLC owns and operates a restaurant in
Scottsdale, Ariz.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Ariz. Case No. 24-06967) on August 22,
2024, with up to $50,000 in assets and up to $10 million in
liabilities. Michael F. Russel, manager through Dinnertainment LLC,
signed the petition.

Judge Brenda K. Martin presides over the case.

Chris D. Barski, Esq., at Barski Law Firm, PLC represents the
Debtor as bankruptcy counsel.


KASAI HOLDINGS: Seeks to Hire Barski Law as Bankruptcy Counsel
--------------------------------------------------------------
Kasai Holdings Three LLC seeks approval from the U.S. Bankruptcy
Court for the District of Arizona to hire Barski Law PLC to handle
its Chapter 11 case.

The firm will be paid at these rates:

     Attorneys      $425 per hour
     Paralegal      $175 per hour

In addition, the firm will receive reimbursement for out-of-pocket
expenses incurred.

Chris Barski, Esq., an attorney at Barski Law Firm, 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:

     Chris D. Barski, Esq.
     Barski Law, PLC
     9375 E. Shea Blvd., Suite 100
     Scottsdale, AZ 85260
     Telephone: (602) 441-4700
     Email: cbarski@barskilaw.com

            About Kasai Holdings Three LLC

Kasai Holdings Three LLC owns and operates a restaurant.

Kasai Holdings Three LLC filed its voluntary petition for relief
under Chapter 11 of the Bankrutpcy Code (Bankr. D. Ariz. Case No.
24-06967) on August 22, 2024, listing up to $50,000 in assets and
$1 million to $10 million in liabilities. The petition was signed
by Michael F. Russel as Manager through
Dinnertainment LLC.

Judge Brenda K Martin presides over the case.

Chris D. Barski, Esq. at BARSKI LAW FIRM PLC represents the Debtor
as counsel.


KEVIN TAING: Court Narrows Claims in U.S. Bank Dispute
------------------------------------------------------
Judge Christopher J. Panos of the United States Bankruptcy Court
for the District of of Massachusetts partially overruled and
partially sustained the objections of U.S. Bank Trust, National
Association to the confirmation of Kevin Taing's Second Amended
Chapter 11 Plan of Reorganization.

Taing, a Subchapter V debtor, seeks confirmation of the Debtor's
Second Amended Chapter 11 Plan of Reorganization Dated July 31,
2023 with Disclosures Pursuant to 11 U.S.C. Sec. 1190, as
modified.

U.S. Bank Trust, not in its individual capacity but solely as owner
trustee for VRMTG Asset Trust, and U.S. Bank, National Association,
Successor Trustee to Bank of America, N.A. as Successor to LaSalle
Bank, N.A. as Trustee, for Merrill Lynch First Franklin Mortgage
Loan Trust, Mortgage Loan Asset-Backed Certificates, Series
2007-H1, each filed objections to confirmation of the Plan,
respectively. The Debtor responded to the Objections.

At a combined hearing on (i) confirmation of the Plan, (ii) the
motions for relief from the automatic stay filed by the Bank as to
property located at 30-32 Saratoga Street, Lowell, MA and the
Trust, by its servicer NewRez LLC d/b/a Shellpoint Mortgage
Servicing, as to property located at 121 Bellevue Street, Lowell,
MA and (iii) the Bank's Motion to Show Cause, the Court, by
agreement of the Debtor, the Trust, and the Bank, directed further
briefing on certain threshold issues related to confirmation
discussed at the hearing as to whether:

     1) the Trust and the Bank have claims that can be treated
through a plan in the Debtor's bankruptcy proceeding where the
Debtor 1s not, and has never been, personally liable for debt
secured by property that 1s now owned or partially owned by the
Debtor, and

     2) with respect to the Bank, the Plan may cram down the Bank's
claim where the Debtor only possesses an alleged partial ownership
interest in the property that is subject to the Bank's mortgage.

The Privity of Contract and Cramdown Disputes are also central to
the Show Cause Motion, pursuant to which the Bank asks for an order
directing the Debtor to show cause why the Saratoga Street Property
and the Bank's claim should be "included 1n the Debtor's bankruptcy
estate." Similar to arguments made in its objection to
confirmation, the Bank asserts in the Show Cause Motion that the
Debtor cannot restructure a debt with respect to which he is a
stranger to the loan documents and raises an issue as to the
Debtor's ownership of the Saratoga Street Property because, at the
time of the Bank's Show Cause Motion, the registry of deeds did not
reflect the Debtor's title to the property.

The Trust and the Bank filed further briefing, and the Debtor filed
a supplemental statement 1n support of confirmation that largely
reiterates the arguments from his responses to the Objections. Upon
consideration of the Plan, Objections, Responses, Briefing,
supplemental statement, argument of counsel at the hearing, and the
record of this case, the Objections are overruled in part with
respect to the Privity of Contract Dispute and the Bank Objection
1s sustained 1n part as to the Cramdown Dispute. The Court reserves
on any remaining component of the Objections, including whether the
Debtor filed the Plan in good faith pursuant 11 U.S.C. Sec.
1129(a)(3). This ruling is a limited to the narrow issue of what
constitutes a "claim" that may be restructured by a plan of
reorganization in a Chapter 11 case. While it may be difficult to
foresee that the Debtor, who appears to have had no relationship to
the properties at issue at the time when loans were made by lenders
with which the Debtor was not in privity, could meet his burden to
demonstrate good faith in seeking confirmation of a plan that
restructures that debt, the Debtor is entitled to put on evidence
of good faith at a confirmation hearing.

Judge Panos holds, "I partially overrule the Objections of the Bank
and the Trust only as to the Privity of Contract Dispute and
partially sustain the Objection of the Bank relating to Cramdown
Dispute as to the treatment of its claim with respect to the
Saratoga Street Property."

"To be clear, I have made no determination regarding the Debtor's
good faith, ownership of an interest in the Saratoga Street
Property, or any other component of the confirmation Objections
made to the Plan or that may have been made to the purported
non-material modifications set out in the Modified Plan other than
as expressly stated herein. The remaining components of the
Objections that have not been reached by this Order may be
asserted, as may be appropriate, regarding the amended plan that
will be filed in response to this Order."

The Court, in considering the response to the Show Cause Motion,
denies the motion as moot and the evidentiary disputes regarding
ownership of the Saratoga Street Property are reserved and should
be raised in the context of the Bank's objection to confirmation of
the amended plan that will be filed as a result of this Order. The
Court will enter further orders on the Motions for Relief.

A copy of the Court's decision dated August 12, 2024, is available
at https://urlcurt.com/u?l=lZqlfD

Kevin Taing filed for Chapter 11 bankruptcy protection (Bankr. D.
Mass. Case No. 22-40896) on December 13, 2022, listing under $1
million in both assets and liabilities.  The Debtor is represented
by Kate Nicholson, Esq.



KFH RECKER: Voluntary Chapter 11 Case Summary
---------------------------------------------
Debtor: KFH Recker & McKellips LLC
        2701 E. Camelback Rd., Suite 180
        Phoenix AZ 85016

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

Chapter 11 Petition Date: September 5, 2024

Court: United States Bankruptcy Court
       District of Arizona

Case No.: 24-07417

Judge: Hon. Paul Sala

Debtor's Counsel: Gerald L. Shelley, Esq.
                  FENNEMORE CRAIG, P.C.
                  2394 E. Camelback Rd., Ste. 600
                  Phoenix, AZ 85016-3429
                  Tel: 602-916-5000
                  Email: gshelley@fennemorelaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Aaron Klusman, manager of KFH Recker &
Mckellips LLC.

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

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

https://www.pacermonitor.com/view/K4Z3HXI/KFH_RECKER__MCKELLIPS_LLC__azbke-24-07417__0001.0.pdf?mcid=tGE4TAMA


KULR TECHNOLOGY: Releases New Investor Presentation
---------------------------------------------------
KULR Technology Group, Inc. unveiled a new investor presentation on
its website at www.kulrtechnology.com. This new presentation
provides an overview of the Company, and features refreshed and
updated information, including:

     * Updated list of customers and partners
     * Overview of the Company's core engineering technology
domains with an emphasis on diversified product and service
offerings for its various market opportunities
     * Information on KULR's customer engagement model
     * Financial updates and recent operational progress

The investor presentation is accessible through the "Presentations"
section on KULR's website.

                     About KULR Technology Group

KULR Technology Group Inc. -- www.kulrtechnology.com -- is an
energy management platform company offering proven solutions that
play a critical role in accelerating the electrification of the
circular economy. Leveraging a foundation in developing,
manufacturing, and licensing next-generation carbon fiber thermal
management technologies for batteries and electronic systems, KULR
has evolved its holistic suite of products and services to enable
its customers across disciplines to operate with efficiency and
sustainability in mind.

Los Angeles, Calif.-based Marcum LLP, the Company's auditor since
2018, issued a "going concern" qualification in its report dated
April 12, 2024, citing that the Company has a working capital
deficit, has incurred losses from operations, and needs to raise
additional funds to meet its obligations and sustain its
operations. These conditions raise substantial doubt about the
Company's ability to continue as a going concern.

During the year ended December 31, 2023, KULR Technology Group
incurred a net loss of $23,693,556. As of June 30, 2024, KULR
Technology Group had $11.39 million in total assets, $7.56 million
in total liabilities, and $3.84 million in total stockholders'
equity.


LA PKWY 2: Hires Berkshire Hathaway as Real Estate Agent
--------------------------------------------------------
La Pkwy 2 LLC seeks approval from the U.S. Bankruptcy Court for the
Eastern District of Louisiana to employ Berkshire Hathaway as real
estate agent.

The firm will market and sell the Debtor's commercial residential
building located at 3435 Louisiana Avenue Parkway, New Orleans,
LA.

The firm shall be paid a commission of 6 percent of the first
$100,000, and 4 percent of any amount in excess of $100,000.

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

The firm can be reached at:

     John Weaver
     Berkshire Hathaway
     4018 Magazine St.
     New Orleans, LA 70115
     Tel: (504) 799-1702

              About La Pkwy 2 LLC

La Pkwy 2 LLC was formed by related family members Diedra Stanton
and Jermaine Worthy for the sole purpose of owning, renovating, and
renting the real property located at 3435 Louisiana Parkway, New
Orleans, Louisiana (the "Property").

The Debtor filed its voluntary petition for relief under Chapter 11
of the Bankruptcy Code (Bankr. E.D. La. Case No. 23-12090) on
December 6, 2023, disclosing under $1 million in both assets and
liabilities. Robin R. De Leo, Esq. at THE DE LEO LAW FIRM, LLC, is
the Debtor's counsel.


LEARNINGSEL LLC: Gets OK to Hire Guidant Law as Bankruptcy Counsel
------------------------------------------------------------------
LearningSEL, LLC received approval from the U.S. Bankruptcy Court
for the District of Arizona to hire Guidant Law, PLC as bankruptcy
counsel.

The firm will advise and assist the Debtor with respect to its
Chapter 11 bankruptcy proceedings.

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

     Attorneys                 $375 - $490
     Paralegls                 $125 - $175
     Paralegal Assistant        $80 - $125

D. Lamar Hawkins, Esq., an attorney at Guidant Law, disclosed in a
court filing that the firm is a "disinterested person" as the term
is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     D. Lamar Hawkins, Esq.
     Guidant Law, PLC
     402 E. Southern Ave.
     Tempe AZ 85282
     Telephone: (602) 888-9229
     Facsimile: (480) 725-0087
     Email: lamar@guidant.law

           About LearningSEL, LLC

LearningSEL is a provider of Social and emotional learning training
and professional development services.

LearningSEL, LLC filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. D. Ariz. Case No.
24-07015) on August 23, 2024, listing $703 in assets and $1,543,051
in liabilities. The petition was signed by Anna-Lisa Mackey as
manager.

Judge Paul Sala presides over the case.

D. Lamar Hawkins, Esq. at GUIDANT LAW, PLC represents the Debtor as
counsel.


LINDA SCHLESINGER: Bid to Reduce HSBC Claim Denied in Part
----------------------------------------------------------
The Honorable David S. Jones of the United States Bankruptcy Court
for the Southern District of New York denied, in part, the
application filed by Lisa Schlesinger for an order reducing the
claim asserted against her by HSBC Bank USA, N.A. (Claim No. 5).

The Debtor filed for chapter 11 bankruptcy on February 5, 2024, one
day prior to a scheduled foreclosure sale on the Debtor's home
located at 186 Dune Road, Quogue, New York 11959, and an
undeveloped parcel of land located near the home at 189 Dune Road,
Quogue, New York 11959.

On May 17, 2007, the Debtor and her husband, Stuart Schlesinger
signed a 30-year promissory note for the sum of $5,000,000, secured
by a jointly executed mortgage on the Property. The Mortgage was
assigned to HSBC on February 14, 2012. The Debtor's first date of
default on the Note occurred on November 1, 2012. On March 17,
2015, HSBC commenced a foreclosure action in the Suffolk County
Supreme Court.

On October 20, 2016, HSBC filed a Motion for Summary Judgment in
the State Court, and shortly thereafter a Cross-Motion for Summary
Judgment was filed by the Debtor and Mr. Schlesinger's
defendant-counterclaimants, Donald P. Perry as trustee of the Helen
S. Julien Trust f/b/o Stephen Julien, and Gana LLP.

During the approximately three-year period between HSBC's filing of
the two motions for judgment of foreclosure and sale, the Debtor
changed counsel, the Debtor and HSBC allegedly attempted to
negotiate a short sale and other home retention options, the
COVID-19 pandemic began, and the parties engaged in motion practice
initiated by the Debtor seeking dismissal of the Foreclosure Action
and vacatur of the default judgment entered against the Debtor and
Mr. Schlesinger.

The Motion asserts that HSBC's proof of claim, which relates to a
judgment in the foreclosure action, should be reduced for two
reasons:

     1. The claim is not sufficiently supported by documentary
evidence; and

     2. HSBC's asserted delay in protecting its rights under the
mortgage justify equitably reducing or eliminating HSBC's asserted
entitlements to interest and fees.

HSBC filed an Opposition to the Motion asserting that the
Rooker-Feldman and res judicata doctrines bar the Court from
reducing the interest awarded to HSBC in the foreclosure action and
attaching documentation from its internal recordkeeping systems in
an attempt to support aspects of its claim. In response, the Debtor
filed a Reply to the Opposition asserting that the Motion does not
ask the Court to review or revisit the judgment issued by the state
court in the foreclosure action, and rather seeks a determination
that:

     1. the interest owed to HSBC post-dating the state court
judgment should be equitably written down; and/or

     2. the dollar amount of HSBC's claim should be reduced due to
an erroneous and/or unsupported computation of the amount of
interest due to HSBC.

The Court heard oral argument on the Motion on August 8, 2024. For
reasons stated on the record at the Hearing, the Court determined
that some of the issues raised by the Motion and the Opposition
could be resolved based on the current record, but others required
further factual development. The Court subsequently entered an
order on August 8, 2024 indicating its intention to issue a written
decision to partially but not completely resolve the Motion. This
Decision resolves the Motion to the extent it contends HSCB's
alleged delay in prosecuting its rights under the mortgage justify
equitably reducing or eliminating the bank's asserted entitlements
to interest and fees. This Decision does not resolve the Motion to
the extent it questions whether HSBC's proof of claim reflects the
proper dollar amount due to HSBC under the relevant mortgage,
specifically as to amounts accrued after the state court judgment
was entered.

The Motion is denied to the extent it contends HSBC's entitlement
to interest and fees should be equitably reduced or eliminated. The
Court need not decide a separate issue that HSBC argued, namely
whether the Debtor is barred from collaterally attacking the
state-court judgment, because the Debtor has now disavowed any
attempt to do so.

The Court is unpersuaded by the Motion's contention that the Debtor
is entitled to an equitable write-down of interest accrued
post-dating the State Court Judgment. "Foreclosure actions are
equitable in nature, which means that ‘the recovery of interest
is within the court's discretion.'"

The Motion asserts HSCB unduly delayed its prosecution of the
Foreclosure Action. The Motion specifically highlights the nearly
three-year period between January 15, 2018, which is the date that
HSBC withdrew its first Motion for Judgment of Foreclosure and
Sale, and December 2, 2020, the date that HSBC filed a substitute
Motion for Judgment of Foreclosure and Sale, but the Motion does
not limit its allegations of delay to this period. In response, the
Opposition asserts that any delay was caused by the Debtor's own
repeated attempts to dismiss the foreclosure complaint and prevent
the entry of a judgment of foreclosure and sale.

According to the Court, the timeline of events in the Foreclosure
Action was largely the result of substantial motion practice
commenced by the Debtor or Mr. Schlesinger, periods of failed
negotiations, and the COVID-19 pandemic. The Foreclosure Action is
not marked by a lengthy period of inactivity solely attributable to
HSBC, the Court finds. Thus, the Court declines to equitably reduce
or eliminate HSBC's asserted entitlements to interest included in
its proof of claim.

A copy of the Court's decision dated August 15, 2024, is available
at https://urlcurt.com/u?l=lDFGxp

Linda Schlesinger filed for Chapter 11 bankruptcy protection
(Bankr. S.D.N.Y. Case No. 24-10190) on February 5, 2024, listing
under $1 million in both assets and liabilities.  The Debtor is
represented by Douglas Pick, Esq., at Pick & Zabicki LLP as
counsel.  Sotheby's International Realty, Inc. was tapped as the
Debtor's Exclusive Real Estate Broker.


LISBON GRILL: Seeks to Extend Plan Exclusivity to Dec. 24
---------------------------------------------------------
Lisbon Grill Ltd. asked the U.S. Bankruptcy Court for the Eastern
District of New York to extend its exclusivity periods to file a
plan of reorganization and obtain acceptance thereof to December
24, 2024 and February 22, 2025, respectively.

The Debtor claims that it is in the process of restructuring its
operations and is starting with a new chef and new menu and hopes
that with the new chef and new menu that it will substantially
increase its revenues to allow it to then propose a plan of
reorganization.

Until the results of the efforts can be determined, it is
unreasonable to expect anyone else to formulate a feasible plan.
Rather, it is unreasonable to expect anyone else to formulate a
feasible plan. Rather, it is appropriate to first allow the Debtor
an opportunity to improve profitability and gauge future
performance.

The Debtor explains that to allow competing plans at this stage of
the case would lead to unnecessary situations that could adversely
affect the value of the Debtor's assets. Such a scenario could
jeopardized the recoveries to creditors in this chapter 11 case.

Lisbon Grill Ltd., is represented by:

     Marc A. Pergament, Esq.
     Weinberg, Gross & Pergament, LLP  
     400 Garden City Plaza, Suite 309
     Garden City, NY 11530
     Telephone: (516) 877-2424
     Email: mpergament@wgplaw.com

                       About Lisbon Grill

Lisbon Grill Ltd. sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D.N.Y. Case No. 24-72050) on May 29,
2024. In the petition filed by Maximilion Fink, president, the
Debtor disclosed under $1 million in both assets and liabilities.

Judge Louis A. Scarcella oversees the case.

Marc A. Pergament, Esq., at Weinberg, Gross & Pergament, LLP serves
as the Debtor's counsel.


LL FLOORING: Hires Houlihan Lokey Capital as Investment Banker
--------------------------------------------------------------
LL Flooring Holdings, Inc. seeks approval from the U.S. Bankruptcy
Court for the District of Delaware to hire Houlihan Lokey Capital,
Inc. as their financial advisor and investment banker.

The firm's services include:

     (a) assisting in the evaluation of the Debtors' business and
prospects;

     (b) providing strategic advice with respect to the
restructuring or refinancing of the Debtors' indebtedness;

     (c) analyzing the Debtors' financial liquidity and evaluating
alternatives to improve such liquidity;

     (d) assisting the Debtors in the development and distribution
of selected information, financial data, documents, and other
materials, including, if appropriate, advising the Debtors in the
preparation of an offering memorandum and/or other presentations;

     (e) assisting the Debtors in evaluating indications of
interest and proposals regarding any Transaction(s) from current
and/or potential lenders, investors, or other acquirers;

     (f) assisting the Debtors with the negotiation of any
Transaction(s), including participating in negotiations with
creditors and other parties involved in any Transaction(s);

     (g) attending meetings of the Debtor's Board of Directors,
creditor groups, official constituencies, and other interested
parties, as the Debtors and Houlihan Lokey mutually agree; and

     (h) providing such other financial advisory and investment
banking services as may be agreed upon by Houlihan Lokey and the
Debtors.

The firm will be compensated as follows:

     (i) Monthly Fees: In addition to the other fees provided for
in the Engagement Agreement, on every monthly anniversary of April
22, 2024, during the term of the Engagement Agreement, the Company
shall pay Houlihan Lokey in advance, without notice or invoice, a
non-refundable cash fee of $125,000 (the "Monthly Fee"); provided,
however, that, upon the Company's entry into a definitive agreement
in respect of a Sale Transaction, the Monthly Fee shall, at the
option of the Company, be suspended and Houlihan Lokey shall only
be entitled to the pro rata portion of the final applicable Monthly
Fee upon such suspension; provided, further, that, notwithstanding
such suspension, in no event shall Houlihan Lokey receive less than
five (5) Monthly Fees. Each Monthly Fee shall be earned upon
Houlihan Lokey's receipt thereof in consideration of Houlihan Lokey
accepting the Engagement Agreement and performing services. After
the receipt of six (6) Monthly Fees, 50 percent of any subsequent
Monthly Fees (if any) previously paid on a timely basis to Houlihan
Lokey shall be credited against the next Transaction Fee to which
Houlihan Lokey becomes entitled under the Engagement Agreement (it
being understood and agreed that no Monthly Fee shall be credited
more than once), except that, in no event, shall such Transaction
Fee be reduced below zero; and

    (ii) Transaction Fee(s): In addition to the other fees provided
for in the Engagement Agreement, the Company shall pay Houlihan
Lokey the following transaction fee(s):

        (a) Restructuring Transaction Fee. Upon the effective date
of a Restructuring Transaction, Houlihan Lokey shall earn, and the
Company shall promptly pay to Houlihan Lokey, a cash fee
("Restructuring Transaction Fee") of $2.75 million.

         (b) Sale Transaction Fee. Upon the closing of a Sale
Transaction, Houlihan Lokey shall earn, and the Company shall
thereupon pay to Houlihan Lokey immediately and directly from the
gross proceeds of such Sale Transaction, as a cost of such Sale
Transaction, a cash fee based upon Aggregate Gross Consideration
("AGC"), calculated as follows:

       For AGC up to $130 million: $2.75 million, plus
       For AGC above $130 million: 3.0% of such incremental AGC

If more than one (1) Sale Transaction is consummated, Houlihan
Lokey shall be compensated based on the AGC from all Sale
Transactions.

         (c) Financing Transaction Fee. Upon the closing of each
Financing Transaction, Houlihan Lokey shall earn, a cash fee (the
"Financing Transaction Fee") equal to the sum of:

            (1) 2 percent of the aggregate principal amount of any
indebtedness raised or committed that is senior to other
indebtedness of the Company, secured by a first priority lien and
unsubordinated, with respect to both lien priority and payment, to
any other obligations of the Company (other than with respect to
debtor in possession financing);

             (2) 3.5 percent of the aggregate principal amount of
any indebtedness raised or committed that is secured by a lien
(other than a first lien), is unsecured and/or is subordinated; and

   
             (3) 3.50 percent of the aggregate amount of all equity
or equity-linked securities (including, without limitation,
convertible securities and preferred stock) placed or committed.

         (d) Amendment Fee. Upon the closing of each Amendment,
Houlihan Lokey shall earn, and the Company shall thereupon pay to
Houlihan Lokey immediately an amendment fee (an "Amendment Fee") in
cash equal to $500,000.

         (e) Disposition Fee. Upon the completion of a Disposition
with respect to the Company, Houlihan Lokey shall earn and the
Company shall promptly pay to Houlihan Lokey, a cash fee equal to
$2 million (the "Disposition Fee") from the proceeds of any
Disposition. $1,000,000 of such Disposition Fee shall be payable
from the proceeds of the sale of Owned Real Estate and deposited
into a carve-out reserve solely for the benefit of Houlihan Lokey
and the remaining $1,000,000 of such Disposition Fee shall be
funded out of the next proceeds or receipts from any other asset
disposition and deposited into the carve-out reserve solely for the
benefit of Houlihan Lokey following the occurrence of the DIP ABL
Obligations and the Prepetition ABL Obligations being paid in full.
For the avoidance of doubt, Houlihan Lokey will only receive one
(1) fee being the greater of the Restructuring Transaction Fee,
Sale Transaction Fee, or the Disposition Fee.

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Surbhi Gupta, a managing director at Houlihan Lokey Capital, Inc.,
disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     Surbhi Gupta
     Houlihan Lokey Capital, Inc.
     245 Park Avenue, 20th Fl.
     New York, NY 10167
     Tel: (212) 497-4100
     Fax: (212) 661-3070

             About LL Flooring Holdings

LL Flooring Holdings, Inc., is a specialty retailer of flooring.
The Company carries a wide range of hard-surface floors and carpets
in a range of styles and designs, and primarily sells to consumers
or flooring-focused professionals.

LL Flooring and four of its affiliates sought relief under Chapter
11 of the Bankruptcy Code (Bankr. D. Del. Case No. 24-11680) on
August 11, 2024. In the petitions signed by Holly Etlin as chief
restructuring officer, the Debtors disclosed total assets of
$501,117,025 and total debt of $416,298,035 as of July 31, 2024.

The Debtors tapped Skadden, Arps, Slate, Meagher & Flom LLP as
counsel. Houlihan Lokey Capital Inc. serves as the Debtors'
investment banker, AlixPartners LLP acts as the Debtors' financial
advisor, and Stretto, Inc. acts as the Debtors' claims and noticing
agent.


LL FLOORING: Seeks to Hire Holly Etlin of AP Services as CRO
------------------------------------------------------------
LL Flooring Holdings, Inc. seeks approval from the U.S. Bankruptcy
Court for the District of Delaware to hire AP Services, LLC and
designate Holly Etlin as chief restructuring officer and Deborah
Rieger-Paganis as deputy chief restructuring officer.

The firm will render these services:

   -- prepare liquidity projections and 13-week cash forecasts and
evaluate variances thereto;

   -- communicate with, and meet information needs of, the Debtors'
various constituencies, including lenders and potential investors;

   -- strengthen the Debtors' core competencies in the finance
organization, particularly cash management, planning, general
accounting and financial reporting information management;

   -- assist the Debtors with the financial reporting requirements
attendant to a bankruptcy filing, including, but not limited to,
court orders and court-approved transactions;

   -- identify, implement, and monitor both short-term and
long-term liquidity generating initiatives;

   -- design, negotiate and implement a restructuring strategy
designed to maximize enterprise value, taking into account the
unique interests of key constituencies;

   -- prepare for and file a bankruptcy petition, coordinate and
provide administrative support for the proceeding; including
preparation of statements of financial affairs and schedules of
assets and liabilities, a claims analysis, monthly operating
reports and other regular reporting required by the Court;

   -- coordinate with the Debtors' professionals assigned to
sourcing, negotiating and implementing any financing, including
debtor-in-possession financing facilities;

   -- manage the "working group" professionals who are assisting
the Debtors in the reorganization process or who are working for
the Debtors' various stakeholders to improve coordination of their
effort and individual work product to be consistent with the
Debtors' overall restructuring goals;

   -- create and communicate materials for diligence purposes and
manage the flow of information to potential acquirers in connection
a potential sale of the Debtors' assets; and

   -- assist the Company with such other matters as may be
requested by the Debtors and are mutually agreeable.

APS's current standard hourly rates are as follows:

     Partner & Managing Director   $1,200 to $1,495
     Senior Vice President/
     Director                      $825 to $1,125
     Vice President                $640 to $810
     Analyst/ Consultant           $230 to $625

As disclosed in court filings, AP Services is a "disinterested
person" pursuant to Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Holly Etlin
     AlixPartners, LLP
     909 Third Avenue, Floor 30
     New York, NY 10022
     Phone: (917) 865-8688
     Email: hetlin@alixpartners.com

                About LL Flooring Holdings

LL Flooring Holdings, Inc., is a specialty retailer of flooring.
The Company carries a wide range of hard-surface floors and carpets
in a range of styles and designs, and primarily sells to consumers
or flooring-focused professionals.

LL Flooring and four of its affiliates sought relief under Chapter
11 of the Bankruptcy Code (Bankr. D. Del. Case No. 24-11680) on
August 11, 2024. In the petitions signed by Holly Etlin as chief
restructuring officer, the Debtors disclosed total assets of
$501,117,025 and total debt of $416,298,035 as of July 31, 2024.

The Debtors tapped Skadden, Arps, Slate, Meagher & Flom LLP as
counsel. Houlihan Lokey Capital Inc. serves as the Debtors'
investment banker, AlixPartners LLP acts as the Debtors' financial
advisor, and Stretto, Inc. acts as the Debtors' claims and noticing
agent.


LL FLOORING: Seeks to Hire Skadden Arps as Bankruptcy Counsel
-------------------------------------------------------------
LL Flooring Holdings, Inc. seeks approval from the U.S. Bankruptcy
Court for the District of Delaware to hire Skadden, Arps, Slate,
Meagher & Flom LLP as their counsel.

The firm will render these services:

     (a) advise the Debtors with respect to their powers and duties
as debtors in possession in the continued management and operation
of their business and properties;

     (b) attend meetings and negotiate with representatives of
creditors and other parties in interest and advise and consult on
the conduct of the Chapter 11 Cases, including all of the legal and
administrative requirements of operating in chapter 11;

     (c) take all necessary actions to protect and preserve the
Debtors' estates, including the prosecution of actions on the
Debtors' behalf, the defense of actions commenced against the
Debtors' estates, negotiations concerning litigation in which the
Debtors may be involved, and objections to claims filed against the
Debtors' estates;

     (d) prepare on behalf of the Debtors all motions,
applications, answers, orders, reports, and papers necessary to the
administration of the estates;

     (e) negotiate and prepare on the Debtors' behalf: chapter 11
plan(s) or a sale of all or substantially all assets pursuant to
section 363 of the Bankruptcy Code and all related agreements
and/or documents, and take any necessary action on behalf of the
Debtors in connection with the Chapter 11 Cases;

     (f) explore various strategic alternatives to address the
Debtors' financial circumstances;

     (g) appear before this Court, any appellate courts, and the
U.S. Trustee, and protect the interests of the Debtors' estates
before such courts and the U.S. Trustee;

     (h) perform all other necessary legal services and provide all
other necessary legal advice to the Debtors in connection with the
Chapter 11 Cases.

The firm will be paid at these hourly rates:

      Partners           $1,860 to $2,370
      Counsel            $1,580 to $1,800
      Associates         $675 to $1,510

The firm received several payments to be held as an advanced
payment retainer totaling $5,805,026.40

In accordance with Appendix B-Guidelines for reviewing fee
applications filed by attorneys in larger Chapter 11 cases, Skadden
disclosed that:

   Question: Did you agree to any variations from, or alternatives
to, your standard or customary billing arrangements for this
engagement?

   Answer: The sole variation from the Firm's standard Skadden
Rates is a discount applied to M&A partner Richard Grossman's
hourly rate, which remains frozen at the 2023 level of $2,050 for
the duration of the Restructuring Engagement Agreement.

   Question: Do any of the professionals included in this
engagement vary their rate based on the geographic location of the
bankruptcy case?

   Answer: No.

   Question: If you represented the client in the 12 months
prepetition, disclose your billing rates and material financial
terms for the prepetition engagement, including any adjustments
during the 12 months prepetition. If your billing rates and
material financial terms have changed postpetition, explain the
difference and the reasons for the difference.

   Answer: Skadden represented the client in the 12 months
prepetition. During that representation, on Jan. 1, 2024, Skadden
raised its billing rates, as it does customarily from time to time.
The material financial terms for the prepetition engagement
remained the same, as the engagement was on an hourly basis.

   Question: Has your client approved your prospective budget and
staffing plan, and, if so, for what budget period?

   Answer: The Debtors have developed a 13-week cash flow budget,
which includes a line item for "Professional Fees," including
Skadden's good-faith estimated fees. Recognizing that unforeseeable
fees and expenses may arise in complex chapter 11 cases, Skadden
and the Debtors may need to amend the Skadden budget as necessary
to reflect changed circumstances or unanticipated developments.
Skadden and the Debtors will continue to comply with the U.S.
Trustee's requests for information and additional disclosures and
with any orders of this Court.

Skadden is a "disinterested person," as that term is defined in
section 101(14) of the Bankruptcy Code, and does not hold or
represent any interest adverse to the estates, according to court
filings.

The firm can be reached through:

     Lisa Laukitis, Esq.
     SKADDEN, ARPS, SLATE, MEAGHER &
     FLOM LLP
     One Manhattan West
     New York, NY 10001
     Telephone: (212) 735-3000
     Facsimile: (212) 735-2000
     Email: Lisa.Laukitis@skadden.com

             About LL Flooring Holdings

LL Flooring Holdings, Inc., is a specialty retailer of flooring.
The Company carries a wide range of hard-surface floors and carpets
in a range of styles and designs, and primarily sells to consumers
or flooring-focused professionals.

LL Flooring and four of its affiliates sought relief under Chapter
11 of the Bankruptcy Code (Bankr. D. Del. Case No. 24-11680) on
August 11, 2024. In the petitions signed by Holly Etlin as chief
restructuring officer, the Debtors disclosed total assets of
$501,117,025 and total debt of $416,298,035 as of July 31, 2024.

The Debtors tapped Skadden, Arps, Slate, Meagher & Flom LLP as
counsel. Houlihan Lokey Capital Inc. serves as the Debtors'
investment banker, AlixPartners LLP acts as the Debtors' financial
advisor, and Stretto, Inc. acts as the Debtors' claims and noticing
agent.


LL FLOORING: Seeks to Hire Stretto as Administrative Advisor
------------------------------------------------------------
LL Flooring Holdings, Inc. seeks approval from the U.S. Bankruptcy
Court for the District of Delaware to hire Stretto, Inc. as
administrative advisor.

The firm will provide these services:

     a. assist with, among other things, solicitation, balloting,
and tabulation of votes, and prepare any related reports, as
required in support of confirmation of a Chapter 11 plan, and in
connection with such services, process requests for documents from
parties in interest, including, if applicable, brokerage firms,
bank back-offices and institutional holders;

     b. prepare an official ballot certification and, if necessary,
testify in support of the ballot tabulation results;

    c. assist with the preparation of the Debtor's 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 described in the Engagement
Agreement, but not included in the Section 156(c) Application, as
may be requested from time to time by the Debtor, the Court, or the
Office of the Clerk of the Bankruptcy Court (the "Clerk").

The firm will be paid a retainer in the amount of $25,000.

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Sheryl Betance, a partner at Stretto, Inc., disclosed in a court
filing that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Sheryl Betance
     Stretto, Inc.
     410 Exchange, Ste. 100
     Irvine, CA 92602
     Telephone: (714) 716-1872
     Email: sheryl.betance@stretto.com

             About LL Flooring Holdings

LL Flooring Holdings, Inc., is a specialty retailer of flooring.
The Company carries a wide range of hard-surface floors and carpets
in a range of styles and designs, and primarily sells to consumers
or flooring-focused professionals.

LL Flooring and four of its affiliates sought relief under Chapter
11 of the Bankruptcy Code (Bankr. D. Del. Case No. 24-11680) on
August 11, 2024. In the petitions signed by Holly Etlin as chief
restructuring officer, the Debtors disclosed total assets of
$501,117,025 and total debt of $416,298,035 as of July 31, 2024.

The Debtors tapped Skadden, Arps, Slate, Meagher & Flom LLP as
counsel. Houlihan Lokey Capital Inc. serves as the Debtors'
investment banker, AlixPartners LLP acts as the Debtors' financial
advisor, and Stretto, Inc. acts as the Debtors' claims and noticing
agent.


LLT MANAGEMENT: J&J Wants Talc Users Medical Screening Stopped
--------------------------------------------------------------
Alex Wolf of Bloomberg Law reports that Johnson & Johnson urged a
federal judge to shut down a proposed nationwide medical monitoring
class action for users of J&J talc products, saying it's an
impermissible method to resolve individualized claims, according to
Bloomberg Law.

A June 2024 complaint seeking to certify a class of J&J baby powder
and other talc product consumers is inherently flawed and
inappropriate, the health-care giant told the US District Court for
the District of New Jersey on Wednesday, August 21, 2024.

                      About LLT Management

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

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

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

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

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

        Re-Filing of Chapter 11 Petition

On January 30, 2023, a panel of the Third Circuit issued an opinion
directing this Court to dismiss the 2021 Chapter 11 Case on the
basis that it was not filed in good faith.  Although the Third
Circuit panel recognized that the Debtor "inherited massive
liabilities" and faced "thousands" of future claims, it concluded
that the Debtor was not in financial distress before the filing.

On March 22, 2023, the Third Circuit entered an order denying the
Debtor's petition for rehearing.  The Third Circuit entered an
order denying LTL's stay motion on March 31, 2023, and, on the dame
day, issued its mandate directing the Bankruptcy Court to dismiss
the 2021 Chapter 11 Case.

The Bankruptcy Court entered an order dismissing the 2021 Case on
April 4, 2023.

Johnson & Johnson on April 4, 2023, announced that its subsidiary
LTL Management LLC (LTL) has re-filed for voluntary Chapter 11
bankruptcy protection (Bankr. D.N.J. Case No. 23-12825) to obtain
approval of a reorganization plan that will equitably and
efficiently resolve all claims arising from cosmetic talc
litigation against the Company and its affiliates in North
America.

In the new filing, J&J said it has agreed to contribute up to a
present value of $8.9 billion, payable over 25 years, to resolve
all the current and future talc claims, which is an increase of
$6.9 billion over the $2 billion previously committed in connection
with LTL's initial bankruptcy filing in October 2021.  LTL also has
secured commitments from over 60,000 current claimants to support a
global resolution on these terms.

In August 2023, U.S. Bankruptcy Judge Michael Kaplan in Trenton,
New Jersey, ruled that the second bankruptcy case should be
dismissed.

               3rd Try

In May 2024, J&J announced its subsidiary LLT Management LLC is
soliciting support for a consensual prepackaged bankruptcy plan to
resolve its talc-related liabilities. Under the terms of the plan,
a trust would be funded with over $5.4 billion in the first three
years and more than $8 billion over the course of 25 years, which
J&J calculates to have a net present value of $6.475 billion.
Claimants must cast their vote to accept or reject the Plan by 4:00
p.m. (Central Time) on July 26, 2024.  A solicitation package may
be requested at www.OfficialTalcClaims.com or by calling
1-888-431-4056.  If the Plan is accepted by at least 75% of voters,
a bankruptcy may be filed under the case name In re: Red River Talc
LLC in a bankruptcy court in Texas or in the bankruptcy court of
another jurisdiction.  Epiq Corporate Restructuring, LLC is serving
as balloting and solicitation agent for LLT.

On May 22, 2024, five individuals, both individually and on behalf
of a proposed class, filed a class action complaint against, among
others, LLT, J&J, Holdco, and certain of their officers and
directors in the United States District Court for the District of
New Jersey and is proceeding under case number 3:24-cv-06320. The
tort claimants are represented by: (a) Golomb Legal; (b) Levin,
Papantonio, Rafferty, Proctor, Buchanan, O’Brien, Barr, Mougey,
P.A.; (c) Bailey Glasser LLP; (d) Beasley, Allen, Crow, Methvin,
Portis & Miles P.C.; (e) Aschraft & Gerel, LLP; and (f) Burns
Charest LLP. The proposed class includes all persons who, as of
August 11, 2023, either had a pending lawsuit alleging an ovarian
cancer or mesothelioma personal injury claim caused by asbestos or
other constituents in J&J talcum powder products or had executed a
retainer agreement with a lawyer or law firm to pursue such a
claim. The complaint alleges 10 causes of action that generally
seek to avoid: the 2021 Corporate Restructuring; the termination of
the 2021 Funding Agreement; and the separation of J&J’s consumer
health division into Kenvue on the basis that these transactions
were actual fraudulent transfers.

LLT, J&J, Holdco, and the other defendants dispute the allegations
in the Class Action Complaint and believe it lacks merit.  

In May 2024, J&J and LLT filed in In re Johnson & Johnson Talcum
Powder Products Mktg., Sales Practices and Products Litig., MDL No.
2738, Civil Action No. 16-2638 (FLW) (D.N.J. April 27, 2020), a
notice of their intent to issue a subpoena to Ellington Management
Group, who J&J and LLT believe may have financed Beasley Allen's,
or their co-counsel's, talc litigation. J&J and LLT have also filed
a notice to issue a subpoena to the Smith Law Firm PLLC. These
subpoenas seek documents relating to any litigation financing
arrangements.

Lawyers at Jones Day serve as counsel to LLT in the 2024
prepackaged bankruptcy.  Lawyers at White & Case LLP and Barnes &
Thornburg LLP advise Johnson & Johnson.

The Members of the Talc Trust Advisory Committee are Andrews &
Thornton; Pulaski Kherkher, PLLC; Watts Law Firm LLP; Onderlaw,
LLC; and Nachawati Law Group.


LM FUND: Chapter 15 Case Summary
--------------------------------
Chapter 15 Debtor:      LM Fund One Limited (In Official
                        Liquidation)
                        Building 3, 23 Lime Tree Bay Avenue
                        PO Box 31237
                        George Town KY 11002
                        Grand Cayman, Cayman Islands

Chapter 15 Petition Date: September 6, 2024

Court:                  United States Bankruptcy Court
                        Southern District of Florida

Case No.:               24-19181

Foreign Representative: Mark Longbottom and Kenneth Krys,
                        Joint Official Liquidators
                        Building 3, 23 Lime Tree Bay Avenue
                        PO Box 31237
                        George Town KY1-1205 KY 11002
                        Grand Cayman, Cayman Islands

Foreign
Proceeding:             Grand Court of the Cayman Islands FSD
                        Cause No. 255 of 2023

Foreign
Representative's
Counsel:                Andrea S. Hartley, Esq.
                        AKERMAN LLP
                        98 Southeast Seventh Street, Suite 1100
                        Miami, FL 33131
                        Tel: (305) 374-5600
                        Email: andrea.hartley@akerman.com

Estimated Assets:       Unknown

Estimated Debt:         Unknown

A full-text copy of the Chapter 15 petition is available for free
at PacerMonitor.com at:

https://www.pacermonitor.com/view/OTTIG4Q/LM_Fund_One_Limited_In_Official__flsbke-24-19181__0001.0.pdf?mcid=tGE4TAMA


M. SLAVIN: Pension Fund Wins Successor Liability Claim
------------------------------------------------------
Judge Jesse M. Eurman of the United States District Court for the
Southern District of New York granted the motion for summary
judgment filed by Trustees of the Fulton Fish Market Pension Fund
in the bankruptcy case of M. Slavin & Sons, Ltd.

Plaintiffs are trustees of a multi-employer labor-management
pension fund for employees of businesses at the New Fulton Fish
Market in the Bronx. In 2019, M. Slavin, a seafood retailer,
wholesaler, and distributor based in the fish market, closed shop
and withdrew from the agreements that obligated it to contribute to
the fund.

Plaintiffs brought this action to recover M. Slavin's withdrawal
liability against, among others, M. Slavin; Oceanbox Wholesale LLC,
a company that acquired M. Slavin; and Mitchell Slavin, a former
owner of M. Slavin and the sole owner of Oceanbox. The Court
previously entered default judgment against M. Slavin, after which
the parties stipulated to dismissal of all remaining claims other
than Plaintiffs' claim of successor liability against Oceanbox.

Now pending are Plaintiffs' and Oceanbox's cross-motions for
summary judgment as to that claim. The vast majority of the
relevant facts are undisputed. Instead, the parties' disputes turn
on application of the law to those facts -- namely, on whether
Oceanbox had the requisite notice of M. Slavin's withdrawal
liability and whether Oceanbox is in "substantial continuity" with
M. Slavin.

The Court agrees with Plaintiffs on both scores.

The Court concludes Oceanbox had notice of M. Slavin's potential
withdrawal liability and the totality of the circumstances supports
a finding of substantial continuity from M. Slavin to Oceanbox.
Oceanbox is therefore subject to successor liability for M.
Slavin's withdrawal liability, the Court finds.  

Judge Eurman says, "Indeed, 'absent the imposition of successor
liability' here, 'present and future employer participants in the
union pension plan [would] bear the burden of [M. Slavin's] failure
to pay its share, which [would] threaten the health of the plan
while [Oceanbox] reaps a windfall.'"

Accordingly, the Plaintiffs' motion for summary judgment is
granted, and Oceanbox's cross-motion for summary judgment is
denied.

A copy of the Court's decision dated August 12, 2024, is available
at https://urlcurt.com/u?l=UjKTTE

                   About M. Slavin & Sons

M. Slavin & Sons, Ltd., is a seafood vendor based in Bronx, New
York.  Founded in the early 1900s, the Company also operates a
processing facility in Point Judith, Rhode Island.  The Company
delivers seafood, including whole fish, fillets, live shellfish and
breaded, smoked, canned or frozen products, to more than 1,000
customers in the tri-state area.

M. Slavin & Sons filed for Chapter 11 protection (Bankr. S.D.N.Y.
Case No. 11-10589) on Feb. 14, 2011.  Gerard R. Luckman, Esq., at
Silvermanacampora, LLP, in Jericho, New York, represented the
Debtor.  The Debtor estimated assets of $1 million to $10 million
and debts of $10 million to $50 million as of the Chapter 11
filing.



MAGENTA BUYER: Ex-Lenders Tap Glenn Agre After Debt Deal Snob
-------------------------------------------------------------
Reshmi Basu of Bloomberg News reports that a group of lenders to a
former McAfee unit have organized after they were left out of a
recent debt deal that put Elliott Investment Management ahead of
other creditors in the repayment line, according to people with
knowledge of the matter.

The group has hired law firm Glenn Agre Bergman & Fuentes,
according to the people, who asked not to be identified because the
discussions are private.

The software company called Magenta Buyer moved assets including
its intellectual property into a newly created legal entity as part
of a transaction announced on Wednesday, August 21, 2024, Bloomberg
previously reported.

Elliot Investment Management is an American investment management
company.


MAGENTA BUYER: S&P Raises ICR to 'CCC+' Following New Debt Issuance
-------------------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on Magenta Buyer
LLC (dba Trellix and Skyhigh Security) to 'CCC+' from 'SD'
(selective default).

At the same time, S&P assigned its 'B+' issue-level rating to the
company's new super-priority term loan, 'B' rating to the first-out
term loan, 'CCC' rating to the second-out term loan, and 'CCC-'
rating to the third-out term loan.

The negative outlook reflects Magenta Buyer's weak operating
performance with declining revenues and negative free cash flow
over the past few years. It also reflects S&P's view that the
capital structure is unsustainable longer term without revenue
stabilization and improved profitability.

Magenta's liquidity has improved through debt restructuring,
providing some flexibility to address short-term challenges. The
new capital structure has deferred mandatory principal payments
until maturity in July 2028 and provides the option to pay a
portion of its cash interest as payment-in-kind (PIK) at a higher
interest rate over the next two to four quarters. S&P said, "We
expect Magenta to use the PIK option, resulting in lower interest
expense and positive free cash flow over the next 12 months.
However, we expect a return to annual interest expense of about
$475 million once the PIK option expires, suggesting no meaningful
deleveraging. We expect EBITDA coverage of total interest expense
(including interest accruing on debt obligations) will remain about
1x through fiscal 2025."

Nonetheless, the debt restructuring results in adequate liquidity.
The net cash proceeds from new $400 million super-priority debt
improves cash to $161 million at deal close. The company now has
full availability under its $125 million revolving credit facility,
with extended maturity and no financial covenant restrictions.

Despite improving liquidity, the company needs to address revenue
challenges to ensure long-term sustainability of the business.
While recent restructuring provides some financial flexibility,
business challenges remain. S&P said, "We expect Magenta Buyer's
revenue will decline 3%-4% in fiscal 2024 (after double-digit
percent revenue declines in 2023). We expect negative free cash
flow, although less than previous fiscal years. We expect S&P
Global Ratings-adjusted leverage ratio to remain elevated, above 8x
over the next 12 months. Despite a secular growth trend in the
enterprise cyber security market, Magenta has faced revenue
headwinds for multiple years, indicating market share losses."

The negative outlook reflects Magenta Buyer's weak operating
performance with declining revenues and negative free cash flow the
past few years. It also reflects S&P's view that the capital
structure is unsustainable longer term without revenue
stabilization and improved profitability.

S&P said, "We could lower our rating on Magenta Buyer if it
continues to generate negative FOCF, experiences declining revenues
and weakening liquidity in fiscal year 2025 such that we see
increased risk of a default or a distressed transaction within the
upcoming 12 months.

"We could take a positive rating action on Magenta if it stems
revenue declines, maintains current EBITDA margins, and sustains
break-even free cash flow over 12 months (assuming it pays the
interest on the second out and third out debt in cash or after the
PIK option expires).

"Governance factors are a moderately negative consideration in our
credit rating analysis of Magenta, 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."



MCDERMOTT INT'L: 5th Cir. Affirms Dismissal of Van Deelen Suit
--------------------------------------------------------------
The United States Court of Appeals for the Fifth Circuit vacated
the judgment of the United States District Court for the Southern
District of Texas that affirmed the order of the United States
Bankruptcy Court for the Southern District of Texas dismissing
Michael Van Deelen's complaint against several current and former
employees of McDermott International, Inc. for failing to state a
claim.

In early 2020, McDermott filed for Chapter 11 bankruptcy. Van
Deelen, a dissatisfied shareholder, objected to the confirmation
plan, alleging that the Chapter 11 proceedings and events leading
up to it were fraudulent. The bankruptcy court overruled his
objections and confirmed the plan. Its confirmation order
exculpated certain parties, including Appellees, from any non-fraud
claims arising out of McDermott's bankruptcy. Van Deelen did not
appeal the confirmation order.

Instead, Van Deelen filed suit in state court against Appellees
David Dickson, Stuart Spence, and Scott Lamp, all current or former
McDermott employees. He brought claims for conversion, statutory
and common-law fraud, negligent misrepresentation, breach of
fiduciary duty, and conspiracy. Appellees removed the case to the
bankruptcy court. Van Deelen then moved the court to remand or
abstain from ruling. While Van Deelen's motion was pending,
Appellees moved to dismiss Van Deelen's claims because they were
subject to the confirmation order's exculpation and release
provisions and because he had failed to satisfy Federal Rule of
Civil Procedure 9(b)'s heightened pleading standard for fraud
claims.

Meanwhile, Van Deelen moved to recuse Bankruptcy Judge David Jones
-- who oversaw McDermott's bankruptcy and Van Deelen's present case
-- based on comments Judge Jones allegedly made during McDermott's
Chapter 11 proceedings. Bankruptcy Judge Marvin Isgur denied the
motion.

At a subsequent scheduling conference, the bankruptcy court allowed
Van Deelen to amend his complaint. The amended complaint alleged
only common-law fraud and negligent misrepresentation. Appellees
moved to dismiss the amended complaint on the grounds that his
negligent misrepresentation claim was barred by the confirmation
order's exculpation provision and that both claims failed to
satisfy Rule 9(b)'s heightened pleading standard.

Van Deelen then moved to drop his claim for negligent
misrepresentation and attached as an exhibit a proposed second
amended complaint. The bankruptcy court did not rule on his motion.
Instead, it held another hearing and gave Van Deelen yet another
opportunity to amend his complaint. Van Deelen filed another
amended complaint, this time alleging only common-law fraud.
Appellees moved to dismiss.

The bankruptcy court denied Van Deelen's motion to remand or
abstain and granted Appellees' motion to dismiss. Van Deelen
appealed to the district court the bankruptcy court's rulings
that:

   (1) the bankruptcy court had jurisdiction;
   (2) mandatory abstention was not appropriate; and
   (3) Van Deelen's third amended complaint failed to satisfy Rule
9(b)'s heightened pleading standard for fraud.

He also appealed Judge Isgur's denial of his motion to recuse Judge
Jones. The district court affirmed the bankruptcy court in all
respects.

Van Deelen timely appealed.

The Fifth Circuit remands to the district court to remand to the
bankruptcy court to conduct additional fact-finding on whether Van
Deelen consented to its jurisdiction.

As for Van Deelen's argument that the bankruptcy court abused its
discretion in denying his recusal motion, the Fifth Circuit remands
to the district court to remand to the bankruptcy court to make
additional findings of fact and conclusions of law on Van Deelen's
recusal motion.

Van Deelen asks the Appeals Court to take judicial notice of
material that was not before the bankruptcy and district courts.
Specifically, Van Deelen asks the Fifth Circuit to consider his
suit against Judge Jones in the United States District Court for
the Southern District of Texas, Van Deelen v. Jones, No.
4:23-cv-03729 (S.D. Tex. filed Nov. 4, 2023); the press coverage
about Judge Jones' relationship with Elizabeth Freeman; and our
circuit's complaint against Judge Jones for misconduct, see Compl.
No. 05-24-90002 (5th Cir. Oct. 13, 2023). "Because we 'may not
consider new evidence furnished for the first time on appeal,' we
decline to take judicial notice of this new material," the Fifth
Circuit says.

A copy of the Court's decision dated August 20, 2024, is available
at https://urlcurt.com/u?l=qoVcz3

                 About McDermott International

Headquartered in Houston, Texas, McDermott (MDR) --
http://www.mcdermott.com/-- is a provider of engineering,
procurement, construction and installation and technology solutions
to the energy industry. Its common stock was listed on the New York
Stock Exchange under the trading symbol MDR.

As of Sept. 30, 2019, McDermott had $8.75 billion in total assets,
$9.86 billion in total liabilities, $271 million in redeemable
preferred stock, and a total stockholders' deficit of $1.38
billion.

On Jan. 21, 2020, McDermott International announced that it has the
support of more than two-thirds of all its funded debt creditors
for a restructuring transaction that will equitize nearly all the
Company's funded debt, eliminating over $4.6 billion of debt.

McDermott solicited votes from its lenders and bondholders in
support of a prepackaged Chapter 11 Plan of Reorganization and
commenced the prepackaged Chapter 11 later in the day, on Jan. 21,
2020 in the U.S. Bankruptcy Court for the Southern  District of
Texas.

McDermott International and 224 affiliates on Jan. 21 and 22, 2020,
filed Chapter 11 bankruptcy petitions (Bankr. Lead Case No.
20-303360).  The Hon. Marvin Isgur was the case judge.

The Debtors tapped Kirkland & Ellis LLP (New York) as general
bankruptcy counsel; Jackson Walker L.L.P. as local counsel;
Alixpartners, LLP as restructuring advisor; AP Services, LLC as
operational advisor; Arias, Fabrega & Fabrega as Panamanian
counsel; and Baker Botts L.L.P. as corporate counsel.  Prime Clerk
is the claims agent, maintaining the page
https://cases.primeclerk.com/mcdermott



MEADOWBROOK SERVICE: Hires Steel & Company Law Firm as Counsel
--------------------------------------------------------------
Meadowbrook Service, LLC seeks approval from the U.S. Bankruptcy
Court for the Northern District of Ohio to employ Steel & Company
Law Firm as counsel.

The firm's services include:

    a. filing and monitoring the Debtor's Chapter 11 case;

    b. advising the Debtor of its obligations and duties as a
debtor in possession;

    c. executing the Debtor's decisions by filing with the court
motions, objections, and other relevant documents;

    d. appearing before the Court on all matters in this case
relevant to the interest of the Debtor;

    e. assisting the Debtor in the administration of the Chapter 11
case; and

    f. taking such other actions as are necessary to protect the
rights of the Debtor's estate.

The firm will be paid at these rates:

     Attorney, Principal    $375 per hour
     Attorney, Associate    $150 per hour
     Paralegal/Law Clerks   $50 per hour

Prior to the filing of its Chapter 11 case, the Debtor's principal
provided the firm with a retainer in the aggregate amount of
approximately $12,500.

Michael A. Steel, Esq., a partner at Steel & Company Law Firm,
disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     Michael A. Steel, Esq.
     Steel & Company Law Firm
     2950 West Market Street, Suite G
     Fairlawn, OH 44333
     Tel: (330) 223-5050
     Email: msteel@steelcolaw.com

              About Meadowbrook Service, LLC

Meadowbrook Service, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. N.D. Ohio Case No. 6:24-bk-04377) on Aug. 20, 2024. The
Debtor hires Steel & Company Law Firm as counsel.


MFT RESOURCES: Seeks to Hire Thomas R. Willson as Counsel
---------------------------------------------------------
MFT Resources, LLC f/k/a Master Flow Technologies, LLC seeks
approval from the U.S. Bankruptcy Court for the Western District of
Louisiana to employ Thomas R. Willson as counsel.

The firm will provide debtor legal advice with respect to debtor's
power and duties as debtor-in-possession in the continued operation
of the debtor's business and management to the debtor's property
and to perform all legal services for the debtor-in-possession.

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

Thomas R. Willson, Esq., a partner at Law Office of Thomas R.
Willson, disclosed in a court filing that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.

The firm can be reached at:

     Thomas R. Willson, Esq.
     Law Office of Thomas R. Willson
     1330 Jackson Street - Suite C
     Alexandria, LA 71301
     Telephone: (318)442-8658
     Facsimile: (318) 442-9637
     Email: rocky@rockywillsonlaw.com

              About MFT Resources, LLC
          f/k/a Master Flow Technologies, LLC

MFT Resources, LLC f/k/a Master Flow Technologies, LLC in
Natchitoches LA, sought relief under Chapter 11 of the Bankruptcy
Code (Bankr. W.D. La. Case No. 24-80523) on Aug. 27, 2024, listing
as much as $1 million to $10 million in both assets and
liabilities. Waylon R. White as managing member, signed the
petition.

Judge Stephen D Wheelis oversees the case.

THOMAS R. WILLSON serve as the Debtor's legal counsel.


MGM RESORTS: Moody's Rates New $675MM Sr. Unsecured Notes 'B1'
--------------------------------------------------------------
Moody's Ratings assigned a B1 rating to MGM Resorts International's
("MGM") proposed $675 million senior unsecured notes. The company's
existing ratings, including the B1 Corporate Family Rating and
B1-PD Probability of Default Rating remain unchanged. MGM's
Speculative Grade Liquidity Rating (SGL) of SGL-2 is unchanged and
the outlook remains unchanged at stable.

Net proceeds from the proposed $675 million senior unsecured notes
will be used to refinance the company's existing B1 rated $675
million 5.75% senior unsecured notes due 2025. The proposed
refinancing is leverage neutral, and pushes out a portion of the
company's upcoming maturities.

RATINGS RATIONALE

MGM Resorts International's (B1 stable) credit profile reflects the
company's large scale, strong presence on the Las Vegas Strip, and
a solid position within several regional markets across the US.
MGM's presence in the large Macau market with favorable long-term
prospects further supports the rating. The rating is constrained by
the company's high leverage, including the company's sizeable
leases on the balance sheet. Moody's expect MGM will actively
pursue large integrated resort development projects that would
result in elevated leverage for some time until it completes the
project.

The stable outlook for MGM Resorts International reflects the
continued strong performance of the company's US regional and Las
Vegas operations, with a recovery in Macau operations. The stable
outlook also incorporates the company's good liquidity, with
substantial cash balances and revolver availability.

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

Rating could be upgraded if the company generates consistent
positive free cash flow, debt-to-EBITDA is sustained below 6.0x,
and the company maintains a balanced financial policy with respect
to shareholder returns, including share repurchases.

MGM's rating could be downgraded if EBITDA declines, liquidity
deteriorates, or the company is unable to sustain debt-to-EBITDA on
an LTM basis below 8x.

MGM Resorts International operates integrated casino resorts across
the US, as well as through the MGM Macau resort and casino and MGM
Cotai, through its 56% controlling interest in MGM China Holdings
Limited. MGM has entered into long-term triple-net lease agreements
pursuant to which the company leases and operates 16 domestic
casino resorts. Consolidated net revenue for the last twelve months
ended June 30, 2024 was approximately $17 billion.

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


MIRACLE HILL: Seeks to Extend Plan Exclusivity to September 24
--------------------------------------------------------------
Miracle Hill Nursing and Rehabilitation Center, Inc., asked the
U.S. Bankruptcy Court for the Northern District of Florida to
extend its exclusivity period to file a chapter 11 plan of
reorganization and disclosure statement to September 24, 2024.

On June 21, 2024, the Court entered its Order Setting Deadline to
File Amended Disclosure Statement and Amended Plan, which set a
deadline of August 9, 2024 to file the amended plan and amended
disclosure statement.

The Debtor explains that a component of the amended plan to be
filed is funds to be raised from third parties. An important part
of such fundraising efforts will be to determine the amounts that
the Debtor will receive from the City of Tallahassee, Neighborhood
First funding allocation for the Griffin Heights Neighborhood. Any
allocation of funds made available through this process requires
the approval of city officials after input from parties in the
community.

The Debtor claims that it has also reached out to KeyBank National
Association regarding certain terms of the amended plan. The
KeyBank note and mortgage are guaranteed by the US Department of
Housing and Urban Development ("HUD"), which has necessitated
KeyBank conferring with HUD into the plan discussions. The Debtor
needs additional time for those discussions.

The Debtor submits that the extension will not prejudice parties.
The Debtor has experienced a remarkable turnaround of its business,
both in terms of resident care and financial performance. Although
the Debtor's cash flow was improving on the Petition Date, the
Debtor was struggling to pay all of its bills on the date it filed
bankruptcy.

In addition to increasing the census, the payor mix has improved.
Medicaid specifically focuses on providing care for eligible
beneficiaries (low income individuals) when there are no other
options for payment. The new management has a diverse payor mix
that includes commercial insurance, Medicare, Medicaid, private
pay, hospice and managed care.

As a result of the changes, the billings and collections are twice
the level experienced prior to the Petition Date. The Debtor had
positive income of $1,397,042 for the fiscal year ended June 30,
2024. The cash collateral budgets and monthly reports filed with
the Court reflect that the Debtor continues to generate significant
excess cash flow each month.

Miracle Hill Nursing and Rehabilitation Center, Inc., is
represented by:

     Scott A. Stichter, Esq.
     Stichter Riedel Blain & Postler, P.A.
     110 East Madison Street, Suite 200
     Tampa, FL 33602
     Tel: (813) 229-0144
     Email: sstichter@srbp.com

                  About Miracle Hill Nursing

Miracle Hill Nursing and Rehabilitation Center, Inc., filed a
Chapter 11 petition (Bankr. N.D. Fla. Case No. 23-40398) on Oct.
12, 2023, with up to $10 million in both assets and liabilities.
Chris A. Burney, president, signed the petition.

Judge Karen K. Specie oversees the case.

The Debtor tapped Scott A. Stichter, Esq., at Stichter, Riedel,
Blain & Poster, PA, as bankruptcy counsel and James D. Gibson,
Esq., at Gibson Kohl, PL as special litigation counsel.


MOBROWNSTONE REALTY LLC: Seeks Bankruptcy Protection in New York
----------------------------------------------------------------
On August 14, 2024, Mobrownstone Realty LLC filed Chapter 11
protection in the Eastern District of New York. According to court
documents, the Debtor reports between $1 million and $10 million in
debt owed to 1 and 49 creditors. The petition states funds will be
available to unsecured creditors.

A meeting of creditors under 11 U.S.C. Section 341(a) is slated for
September 20, 2024 at 9:15 a.m. in Room Telephonically on telephone
conference line: 1 (877) 929-2553. participant access code:
1576337#.

          About Mobrownstone Realty LLC

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

Mobrownstone Realty LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D.N.Y. Case No. 24-43383) on August 14,
2024. In the petition filed by Mohamed B. Mohamed, as managing
member, the Debtor reports estimated assets and liabilities between
$1 million and $10 million each.

Honorable Bankruptcy Judge Nancy Hershey Lord handles the case.

The Debtor is represented by:

     Jonathan S. Pasternak, Esq.
     DAVIDOFF HUTCHER & CITRON LLP
     605 Third Avenue
     34th Floor
     New York, NY 10158
     Tel: 212-557-7200
     Fax: 212-286-1884


MOHAWK VALLEY: S&P Lowers Bond Rating to 'BB' on Operating Losses
-----------------------------------------------------------------
S&P Global Ratings lowered its rating to 'BB' from 'BB+' on Oneida
County Local Development Corp., N.Y.'s tax-exempt revenue bonds
series 2019A and 2021A, and taxable series 2019B, issued for Mohawk
Valley Health System, N.Y. (MVHS). The outlook is negative.

"The downgrade reflects MVHS' multiyear operating losses that have
been exacerbated since the opening of the new Wynn Hospital,
coupled with balance sheet deterioration, particularly days' cash
on hand and unrestricted reserves," said SP Global Ratings credit
analyst Khushi Sutaria.

S&P said, "The negative outlook reflects our view that MVHS'
performance will remain negative over the near term with
improvement contingent upon strict expense management and the
assumption that the biggest expense drivers related to opening the
Wynn Hospital are behind it. The outlook also reflects our view
that unrestricted reserves or days' cash on hand (DCOH) will not
meaningfully change, although we recognize the possibility of
further deterioration if operations do not improve by fiscal year
end.

"We could lower the rating if management is unable to improve
financial performance, at the very least, to budgeted targets, or
if there is further deterioration in balance sheet metrics, notably
unrestricted reserves and DCOH. We could also take a negative
rating action if MVHS is unable to increase volumes closer to
historical levels. Given MVHS' limited financial flexibility any
covenant violations would also likely lead to a downgrade.

"We could revise the outlook to stable if MVHS is able to stabilize
the balance sheet and improve financial performance; in particular,
we expect the new hospital to begin to become accretive. We do not
view an upgrade as likely over the outlook period given the weaker
financial performance. However, over time, we could raise the
rating if there is a sustained trend of improved operating
performance and stronger cash flow in line with that of
higher-rated peers."



MORVATT ENTERPRISES: UST Appoints Mark Little as Chapter 11 Trustee
-------------------------------------------------------------------
Judge Charles Merrill of the U.S. Bankruptcy Court for the Western
District of Kentucky approved the appointment of Mark Little as
Chapter 11 Trustee for Morvatt Enterprises, LLC.

Mr. Little was appointed on Aug. 22 by Paul Randolph, the Acting
U.S. Trustee for Region 8.

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

The Chapter 11 trustee can be reached at:

     Mark R. Little
     1917 Versnick Drive
     Madisonville, Kentucky 42431
     Email: trustee@littlelawky.com

                     About Morvatt Enterprises

Morvatt Enterprises, LLC, a company in Henderson, Ky., filed a
Chapter 11 petition (Bankr. W.D. Ky. Case No. 23-40488) on Aug. 22,
2023, with up to $50,000 in assets and $1 million to $10 million in
liabilities. Charles H. Morris, Jr., owner and sole member, signed
the petition.

Judge Charles R. Merrill oversees the case.

Sandra D. Freeburger, Esq., at Deitz Shields & Freeburger, LLP, is
the Debtor's legal counsel.


MOUGIANIS INDUSTRIES: Seeks to Extend Subchapter V Plan to Oct. 7
-----------------------------------------------------------------
Mougianis Industries, Inc., asked the U.S. Bankruptcy Court for the
Northern District of West Virginia to extend its period to file
Subchapter V Chapter 11 plan to October 7, 2024.

The Debtor states that the United States Trustee is requesting
additional information regarding certain transfers from Mougianis
Industries, Inc., to its subsidiary, Mougianis Enterprises, Inc.,
and from Mougianis Industries, Inc., to its shareholders, Anthony
and Tara Mougianis, during a time period from 2022 through 2024.

The Debtor is in the process of reviewing the transactions with its
accountant and counsel to ensure it provides accurate information
to the United States Trustee.

The Debtor is requesting an extension of time so that it fully
reviews the transfers in question and ensures that the proposed
plan properly accounts for these transfers.

Mougianis Industries, Inc., is represented by:

     Kelly Gene Kotur, Esq.
     Davis & Kotur Law Office CO. LPA
     407-A Howard Street
     Bridgeport, OH 43912
     Tel: (740) 635-1217
     Fax: (740) 633-9843
     Email: kellykotur@davisandkotur.com

                   About Mougianis Industries

Mougianis Industries, Inc., filed a Chapter 11 bankruptcy petition
(Bankr. N.D. W.Va. Case No. 24-00267) on May 28, 2024, disclosing
under $1 million in both assets and liabilities.  The Debtor is
represented by DAVIS & KOTUR LAW OFFICE CO. LPA.


MUSCLEPHARM CORP: Court OKs Appointment of Nathan Smith as Trustee
------------------------------------------------------------------
Judge Natalie Cox of the U.S. Bankruptcy Court for the District of
Nevada approved the appointment of Nathan Smith as Chapter 11
trustee for MP Reorganization, formerly known as Musclepharm
Corporation.

The approval comes upon the application filed by Tracy Hope Davis,
the U.S. Trustee for Region 17, to appoint a bankruptcy trustee in
MP Reorganization's Chapter 11 case.

Mr. Smith disclosed in a court filing that he is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.

                   About Musclepharm Corporation

Headquartered in Denver, Colorado, MusclePharm Corporation (OTCQB:
MSLP) -- http://www.musclepharm.com/and
http://www.musclepharmcorp.com/-- is a lifestyle company that
develops, manufactures, markets and distributes branded nutritional
supplements. It offers a broad range of performance powders,
capsules, tablets, gels and on-the-go ready to eat snacks that
satisfy the needs of enthusiasts and professionals alike.

MusclePharm filed a petition for relief under Subchapter V of
Chapter 11 of the Bankruptcy Code (Bankr. D. Nev. Case No.
22-14422) on Dec. 15, 2022. In the petition filed by its chief
executive officer, Ryan Drexler, the Debtor reported assets and
liabilities between $10 million and $50 million.

The Honorable Natalie M. Cox is the case judge.

The Debtor tapped Samuel A. Schwartz, Esq., at Schwartz Law, PLLC
as legal counsel; Foley & Lardner, LLP as special securities
counsel; and Portage Point Partners, LLC as restructuring advisor.
Jeffrey Gasbarra of Portage Point Partners serves as the Debtor's
chief restructuring officer.

The U.S. Trustee for Region 17 appointed an official committee to
represent unsecured creditors in the Debtor's case.  Pachulski
Stang Ziehl & Jones, LLP and Larson &Zirzow, LLC serve as the
committee's bankruptcy counsel and Nevada counsel, respectively.


MYSTICAL STARS: Taps McManimon Scotland & Baumann as Attorney
-------------------------------------------------------------
Mystical Stars, LLC, f/k/a Arya International, Inc seeks approval
from the U.S. Bankruptcy Court for the District of New Jersey to
hire McManimon, Scotland & Baumann, LLC as attorneys.

The firm's services include:

     a. advising the Debtor with respect to the power, duties and
responsibilities in the continued management of its financial
affairs as a debtor, including the rights and remedies of the
debtor-in-possession with respect to its assets and claims of
creditors;

     b. advising the Debtor with respect to preparing and obtaining
approval of a disclosure statement and plan of reorganization;

     c. preparing on behalf of the Debtor, as necessary,
applications, motions, complaints, answers, orders, reports, and
other pleadings and documents;

     d. appearing before this Court and other officials and
tribunals, if necessary, and protecting the interests of the Debtor
in federal, state, and foreign jurisdictions and administrative
proceedings;

     e. negotiating and preparing documents relating to the use,
reorganization, and disposition of assets as requested by the
Debtor;

     f. negotiating and formulating a disclosure statement and plan
of reorganization;

     g. advising the Debtor concerning the administration of its
estate as a debtorin-possession; and

     h. performing such other legal services for the Debtor as may
be necessary and appropriate.

The firm will be paid at these hourly rates:

     Anthony Sodono, III (Member) $725
     Sari B. Placona (Partner) $525

     Partners                        $350 - $695
     Associates                      $220 - $350
     Law Clerks                      $150 - $175
     Paralegals and Support Staff    $175 - $250

In addition, the firm will receive reimbursement for out-of-pocket
expenses incurred.

The firm received a retainer in the total amount of $40,000 plus
the Chapter 11 filing fee of $1,738 from the 3 Horizons LLC, a
company owned by the Debtor's sole member, Rupal K. Patel.

Anthony Sodono, III, Esq., a partner at McManimon, disclosed in a
court filing that his firm is a "disinterested person" as the term
is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Anthony Sodono, III, Esq.
     McManimon Scotland & Baumann, LLC
     75 Livingston Avenue, Suite 201
     Roseland, NJ 07068
     Tel: (973) 622-1800
     Email: asodono@msbnj.com

                     About Mystical Stars

Mystical Stars, LLC, f/k/a Arya International, Inc filed its
voluntary petition for relief under Chapter 11 of the Bankruptcy
Code (Bankr. D.N.J. Case No. 24-18290) on August 21, 2024, listing
$1,000,001 to $10 million in assets and $10,000,001 to $50 million
in liabilities. Anthony Sodono, III, Esq, at Mcmanimon, Scotland &
Baumann, LLC represents the Debtor as counsel.


NEXTTRIP INC: Incurs $7.33 Million Net Loss in FY Ended Feb. 29
---------------------------------------------------------------
Nexttrip, Inc., filed with the Securities and Exchange Commission
its Annual Report on Form 10-K reporting a net loss of $7.33
million on $458,752 of revenue for the year ended Feb. 29, 2024,
compared to a net loss of $5.03 million on $382,832 of revenue for
the year ended Feb. 28, 2023.

As of Feb. 29, 2024, the Company had $5.09 million in total assets,
$1.96 million in total liabilities, and $3.13 million in total
stockholders' equity.

Salt Lake City, Utah-based Haynie & Company, the Company's auditor
since 2024, issued a "going concern" qualification in its report
dated Sept. 4, 2024, citing that the Company has suffered recurring
losses from operations and has a negative working capital that
raise substantial doubt about its ability to continue as a going
concern.

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/788611/000149315224035017/form10-k.htm

                       About NextTrip Inc.

NextTrip (formerly known as Sigma Additive Solutions, Inc. --
https://investors.nexttrip.com/ -- is an innovative technology
company that is building next generation solutions to power the
travel industry.  NextTrip through its subsidiaries, provides
travel technology solutions with sales originating in the United
States, with a primary emphasis on accommodations, hotels, flights,
wellness, and all-inclusive travel packages.  Its proprietary
booking engine, branded as NXT2.0, provides travel distributors
access to a sizeable inventory.  NextTrip's NXT2.0 booking
technology was built upon a platform acquired in June 2022, which
previously powered the Bookit.com business, a well-established
online leisure travel agent generating over $400 million in annual
sales as recently as 2019 (pre-pandemic).


NISOURCE INC: Fitch Assigns 'BB+' Rating on Jr. Subordinated Notes
------------------------------------------------------------------
Fitch Ratings has assigned a 'BB+' rating to NiSource Inc.'s (NI;
BBB/Stable) planned fixed-to-fixed rate reset junior subordinated
notes. Proceeds from the offering will be used for general
corporate purposes, including to finance capital expenditures, for
working capital and to repay existing indebtedness. The securities
are eligible for 50% equity credit based on Fitch's hybrid
methodology. Features supporting the equity categorization of these
debentures include their junior subordinate priority, the option to
defer interest payments on a cumulative basis for up to 10 years on
each occasion and no step-up.

NI's credit profile is supported by its 100% regulated gas and
electric utility operations in six states. The recent closing of
the partial sale of 19.9% of NIPSCO will provide additional funding
for NI's aggressive growth capex program while improving its
financial flexibility.

Key Rating Drivers

Low Business Risk: NI's ratings and Outlook are supported by stable
cash flows and earnings from 100% regulated gas and electric
utilities in six states. The gas rate base is approximately 69% of
the total rate base. Gas distribution utilities benefit from
supportive recovery mechanisms and less exposure to environmental
mandates.

Four states have legislations that prohibit municipalities from
banning natural gas use. At a county level, Maryland is the only
state within NI's service territory that restricts the use of
fossil fuel, including natural gas, in buildings. However, Maryland
makes up a very small portion of NI's customers and cash flow.
Fitch considers Ohio, Pennsylvania and Indiana — NI's top three
service territories — to be among the most supportive
jurisdictions in the U.S.

Supportive Gas Regulation: Gas utilities have revenue decoupling in
Ohio, Maryland and Virginia, weather normalization in Pennsylvania,
Maryland, Virginia and Kentucky, and straight fixed variable rates
in Ohio. All of NI's gas utilities use infrastructure trackers
except in Pennsylvania. Gas rates in Indiana are nearly 50% fixed
for residential and commercial customers. Approximately 50% of the
total revenue is non-volumetric.

Gas utilities in Indiana, Kentucky and Ohio have authorized ROEs of
9.75%, 9.35% and 9.60%, respectively. Other gas utilities have ROEs
for infrastructure programs ranging from 9.275% to 9.700%. Maryland
did not have a specified ROE in its latest 2023 rate case.

Supportive Electric Regulation: NIPSCO electric's authorized ROE is
9.80%, compared with the industry average of mid-9%. In Indiana,
the Transmission, Distribution and Storage System Improvement
Charge statute provides for cost recovery between rate cases for
safety, reliability and modernization, and allows for preapproval
of a seven-year plan of eligible investments. Up to 80% of eligible
costs can be recovered using semiannual trackers. Transmission
projects are regulated by the Federal Energy Regulatory Commission
(FERC), which enjoy forward-looking rates and construction work in
progress recovery with over 10% ROE.

Last Rate Case Constructive: Fitch views NIPSCO's last electric
rate case settlement and final order favorably. On March 10, 2023,
NIPSCO filed a settlement allowing a $262 million base rate
increase based on a 9.8% ROE and 51.63% equity layer. The ROE is
higher than the industry average of mid-9%. Under the settlement,
NIPSCO would withdraw a variable cost tracker (VCT) for its
coal-fired generation plants and replace it with a new
environmental cost tracker (ECT). The ECT would allow fewer
categories of costs than the VCT, totaling about $29.9 million
annually. The commission fully adopted and approved the settlement
in August 2023.

NIPSCO filed its gas rate case in October 2023, requesting a
two-step base rate increase totaling $161.9 million. On March 20,
2024, the company filed a settlement for a two-step base rate
increase totaling $120.9 million. The first increase would take
effect shortly after an order is issued, likely in September 2024.
The second increase would take effect shortly after the commission
approves the company's compliance filing, around March 1, 2025. On
July 31, 2024 the commission approved the settlement agreement.

Elevated Capex: NI's capex remains elevated. Over the 2024-2028
period, Fitch expects NI's base capex plan to be about $16.4
billion, supporting annual rate base growth of about 8%-10%. Most
projects are small, providing flexibility in execution. NI's robust
capex program is mainly supported by infrastructure modernization
legislations and riders in all its service territories. Renewable
projects are preapproved, reducing regulatory uncertainties.

Cleaner Generation: NI plans to retire all coal generation by 2028.
As of Dec. 31, 2023, 42% (1,177MW) of NIPSCO's nameplate generation
capacity was from coal generation. It remains on track to retire
R.M Schahfer's remaining two coal units by the end of 2025.
Michigan City will retire by 2028 subject to approval by the
Midcontinent Independent System Operator. NI proposed that the
retiring units be replaced by demand side management resources,
solar, energy storage and upgrades to the Sugar Creek Generating
Station. Fitch views the proposed coal phaseout by 2028 will
improve business risk and credit positive over the longer term.

Credit Metrics: Over the last three years, NI's credit metrics were
affected by the Merrimack Valley gas explosions, the pandemic, an
asset sale in Massachusetts, one-time expenses associated with
NiSource Next initiative and unfavorable weather. The FFO leverage
ratio averaged around 6.0x in the past four years. Over the
2024-2026 period, Fitch forecast FFO leverage of about 5.6x-5.9x.

Parent Sub Linkage: NiSource and NIPSCO's Standalone Credit
Profiles are the same. NIPSCO has a very small amount of debt as it
relies on NiSource solely for liquidity and capital access.
NiSource has not issued any new debt at the operating company
levels and doesn't plan to do so going forward. The legacy public
debt will be repaid as they mature. NIPSCO's Standalone Credit
Profile is not analytically meaningful.

Derivation Summary

NI's fully regulated business model provides predictable earnings
and cash flow compared with Southern Company Gas (BBB+/Stable),
which invests in unregulated operations. NI's business model,
geographic diversification and supportive regulations mitigate its
relatively weak credit metrics. Similar to IPALCO Enterprises, Inc.
(BBB-/Stable), which also operates in Indiana, NI's subsidiary
NIPSCO has coal generation.

However, NI's operation is diversified and gas focused compared
with IPALCO's single-state electric generation. Both NI and IPALCO
are executing a large capex program. Fitch expects NI's FFO
leverage to be around 5.5x-5.9x in 2024-2026 while that of IPALCO
is around 5.1x-6.3x in 2024-2026. NI's larger scale and asset mix
result in the one-notch IDR difference from IPALCO, although their
FFO leverage ratios are similar.

Key Assumptions

- Capex of about $16.4 billion in total between 2024 and 2028;

- Normal weather;

- Modest customer growth;

- No adverse regulatory outcomes;

- All debt maturities are refinanced.

RATING SENSITIVITIES

Factors that Could, Individually or Collectively, Lead to Positive
Rating Action/Upgrade

- NI and NIPSCO could be upgraded if consolidated FFO leverage is
consistently below 5.0x.

Factors that Could, Individually or Collectively, Lead to Negative
Rating Action/Downgrade

- Consolidated FFO leverage sustains above 6.0x with low
probability of recovery;

- Material adverse changes in NI's regulatory construct that result
in unexpected lag or disallowance in recovering capex.

Liquidity and Debt Structure

Adequate Liquidity: NI continues to have sufficient liquidity. As
of Jun. 30, 2024, it had about $101 million of unrestricted cash
and $1,206 million availability under its $1.85 billion unsecured
revolving credit facility, after factoring in $644 million of
commercial paper outstanding.

NI is required to maintain total debt to total capitalization that
does not in exceed 0.70 to 1 under the credit facility. There are
no debt maturities in 2024 and about $1.26 billion due in 2025.

Issuer Profile

NiSource Inc. is a fully regulated utility holding company whose
regulated subsidiaries provide natural gas and electricity to 3.8
million customers across six states.

Date of Relevant Committee

15 July 2024

MACROECONOMIC ASSUMPTIONS AND SECTOR FORECASTS

Fitch's latest quarterly Global Corporates Macro and Sector
Forecasts data file which aggregates key data points used in its
credit analysis. Fitch's macroeconomic forecasts, commodity price
assumptions, default rate forecasts, sector key performance
indicators and sector-level forecasts are among the data items
included.

ESG Considerations

The highest level of ESG credit relevance is a score of '3', unless
otherwise disclosed in this section. A score of '3' 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. Fitch's ESG Relevance Scores are not
inputs in the rating process; they are an observation on the
relevance and materiality of ESG factors in the rating decision.

   Entity/Debt              Rating           
   -----------              ------           
NiSource Inc.

   junior subordinated   LT BB+  New Rating


NOAH SAPIR: May Pursue Appeal in Dispute vs Bechem Creditors
------------------------------------------------------------
Judge Robert H. Jacobvitz of the United States Bankruptcy Court for
the District of New Mexico grants Noah Sapir's motion for relief
from stay to permit the debtor to pursue his appeal of a New York
state trial court judgment against him in favor of the Bechem
Creditors, in an amount over $6.8 million.

In 2014, the Bechem Creditors filed an action in New York state
court against the Debtor; his business partner, Charles Berg; and
the Debtor and Berg's company, Feldor Billiards, Inc. d/b/a Fat Cat
Billiards -- the lawsuit is Vincente Toribio et al. v. Feldor
Billiards, Inc. d/b/a Fat Cat Billiards et al., Index No.
153384/2014 in the Supreme Court of the State of New York, New York
County. In the NY State Court Action, the Bechem Creditors asserted
that the Debtor and his co-defendants violated the New York Labor
Law by failing to pass along gratuities to Fat Cat's employees from
July 2008 through July 2014.

On October 27, 2020, the NY Trial Court issued its Decision and
Order on Motion granting partial summary judgment on liability in
favor of the Bechem Creditors. Among other things, the Partial
Summary Judgment found that prior to July 2008, tip-eligible
employees at Fat Cat were paid $8 to $10 per hour, plus their share
of customer tips received and pooled during their shifts.

On August 8-18, 2022, the NY Trial Court conducted a trial on
damages. Following the trial, the NY Trial Court issued a Decision
After Trial. The NY Trial Court found that "plaintiffs presented a
clear and compelling factual record based on admissible evidence
demonstrating the amounts that they are owed." The Decision After
Trial awarded damages against the Debtor in an amount over $6.8
million principally based on his violation of NYLL Sec. 196-d.

The NY Trial Court entered its Judgment based on the Decision After
Trial on March 15, 2023. The Judgment does not reduce the awarded
damages by any part of the increased wages and includes an award of
attorney's fees for the Bechem Creditors' counsel. In addition to
the Bechem Creditors, the Judgment awards damages and attorneys'
fees to another plaintiff, Vincente Toribio.

On April 13, 2023, the Debtor filed the notice of appeal initiating
the appeal which he now seeks stay relief to pursue -- the appeal
is Vincente Toribio et al. v. Noah Sapir, Case No. 2023-02377 in
the First Appellate Division of the Supreme Court of the State of
New York. The notice of appeal for the Second Appeal states that
the Debtor is appealing the Judgment and that he appeals from "each
and every part of that judgment and from the whole thereof."

The Bechem Creditors assert the request for relief from stay should
be denied because the Debtor has failed to show he is more likely
than not to succeed on appeal, which is a necessary requirement for
stay relief to prosecute the appeal; and argue further that the
record demonstrates the appeal has no likelihood of success. The
Debtor counters that he likely will succeed in the appeal but need
only show a colorable prospect of success on appeal to obtain stay
relief.

Although both parties rely on Chizzali v. Gindi (In re Gindi), 642
F.3d 865 (10th Cir. 2011), the Court distinguishes Gindi on the
basis that Gindi applies only to a creditor's motion for relief
from the stay to prosecute an appeal, not to a debtor's stay
motion.

Given the circumstances of this case, the Court determines that the
most important factors, not necessarily in this order, are:

   (1) whether stay relief will interfere with the administration
of the bankruptcy estate or cause undue delay;

   (2) any prejudice to creditors;

   (3) the policy in favor of deciding issues on the substantive
merits; and

   (4) the Debtor's chance of success on the merits of the appeal,
including this Court's reluctance to substitute its own judgment
for that of the New York appellate court.

The Court explains that stay relief will not interfere with the
administration of the bankruptcy estate or cause undue delay.
Prosecution of the Second Appeal will delay distributions to
creditors, but the delay primarily will impact the parties to the
appeal itself since the NY Judgment Creditors hold 99% of all
pre-petition claims in the bankruptcy case. According to the Court,
while the NY Judgment Creditors will have to wait until after the
Second Appeal is decided to receive any distribution in the
bankruptcy case, such delay is not unfair under the circumstances
given no material prejudice to other creditors from the delay and
the interest of justice of an appellate decision on its merits to
determine the amount to which the NY Judgment Creditors are
entitled before they are paid.

The Court also points out the prosecution of the Second Appeal will
not unduly prejudice creditors. Granting stay relief for the Debtor
to pursue the Second Appeal will not cause the bankruptcy estate to
incur any expenses in the appeal because the Debtor's mother is
paying the legal fees for the Second Appeal, the Court states. The
main impact of the Second Appeal will be whether the New York
appellate court upholds the Judgment in favor of the Bechem
Creditors and the other NY Judgment Creditor. The NY Judgment
Creditors, who hold 99% of all pre-petition claims in the
bankruptcy case, are not legally prejudiced by allowing an appeal
to determine the amount to which they are justly entitled before
they receive distributions from the estate, the Court concludes.

The Court also notes public policy favors matters being decided on
the merits rather than on procedural grounds.  This factor favors
granting stay relief, so the New York appellate court may review
the Judgment on the merits in the Second Appeal. The Second Appeal
is the Debtor's only avenue to challenge the Judgment. The Court
cannot conduct appellate review of a state court judgment under the
Rooker-Feldman doctrine.

The Court also assesses that the Debtor has at least a reasonable
possibility of prevailing on appeal. Under the circumstances of
this case, the Court is reluctant to substitute its own judgment
for that of the New York appellate court.

Having considered and weighed all the relevant factors, the Court
determines there is "cause" to modify the automatic stay to permit
the Debtor to proceed with the Second Appeal in the New York
appellate court.

A copy of the Court's decision dated August 16, 2024, is available
at https://urlcurt.com/u?l=zMnvDy

Counsel for the Debtor:

     James A. Askew, Esq.
     ASKEW & WHITE, LLC
     1122 Central Ave SW, Ste. 1
     Albuquerque, NM 87102
     E-mail: jaskew@askewlawfirm.com

Counsel for the Bechem Creditors:

     Samuel I. Roybal, Esq.
     WALKER & ASSOCIATES, P.C.
     500 Marquette NW, Suite 650
     Albuquerque, NM 87102
     E-mail: sroybal@walkerlawpc.com

Noah Sapir filed for Chapter 11 bankruptcy protection (Bankr.
D.N.M. Case No. 23-10443) on June 6, 2023, listing under $1 million
in both assets and liabilities.  The Debtor is represented by
Daniel White, Esq., at Askew & White, LLC.



NORWICH DIOCESE: Wants to Mediate Creditors' Chapter 11 Plans
-------------------------------------------------------------
Vince Sullivan of Law360 reports that Connecticut diocese, Roman
Catholic Diocese of Norwich, seeks mediation over competing Ch. 11
Plans.

The Roman Catholic Diocese of Norwich, Connecticut, told a
bankruptcy judge that a Chapter 11 plan proposed by unsecured
creditors is unconfirmable and fighting over competing plans will
drain estate resources, and that renewed mediation over how to
address childhood sexual abuse liability is the only path forward.


             About The Norwich Roman Catholic
                 Diocesan Corporation

The Norwich Roman Catholic Diocesan Corporation is a nonprofit
corporation that gives endowments to parishes, schools, and other
organizations in the Diocese of Norwich, a Latin Church
ecclesiastical territory or diocese of the Catholic Church in
Connecticut and a small part of New York.

The Norwich Roman Catholic Diocesan Corporation sought Chapter 11
protection (Bankr. D. Conn. Case No. 21-20687) on July 15, 2021.
The Debtor estimated $10 million to $50 million in assets against
liabilities of more than $50 million. Judge James J. Tancredi
oversees the case.

The Debtor tapped Ice Miller, LLP, Robinson & Cole, LLP and Gellert
Scali Busenkell & Brown, LLC as bankruptcy counsel, Connecticut
counsel and special counsel, respectively. Epiq Corporate
Restructuring, LLC is the claims and noticing agent.

On July 29, 2021, the U.S. Trustee for Region 2 appointed an
official committee of unsecured creditors in the Chapter 11 case.
The committee tapped Zeisler & Zeisler, PC as its legal counsel.


NOVA LIFESTYLE: Huge Energy International Holds 10.5% Stake
-----------------------------------------------------------
Huge Energy International Limited and Ng Man Shek in his capacity
as the sole shareholder and director of Huge Energy, disclosed in a
Schedule 13G filed with the U.S. Securities and Exchange Commission
that as of July 30, 2024, they beneficially owned 325,000 shares of
Nova LifeStyle, Inc.'s common stock, representing 10.5% of the
shares outstanding, based on a total of 3,084,735 shares of common
stock outstanding as of August 12, 2024, as reported by Nova
Lifestyle in its Form 10-Q filed with SEC on August 14, 2024.

A full-text copy of Huge Energy's SEC Report is available at:

                  https://tinyurl.com/8mb3u36j

                      About Nova Lifestyle

Headquartered in Commerce, Calif., Nova LifeStyle, Inc. is a
distributor of contemporary styled residential and commercial
furniture incorporated into a dynamic marketing and sales platform
offering retail as well as online selection and global purchase
fulfillment. The Company monitors popular trends and products to
create design elements that are then integrated into the Company's
product lines that can be used as both stand-alone or whole-room
and home furnishing solutions. Through its global network of
retailers, e-commerce platforms, stagers, and hospitality
providers, Nova LifeStyle also sells (through an exclusive
third-party manufacturing partner) a managed variety of
high-quality bedding foundation components.

San Mateo, Calif.-based WWC, P.C., the Company's auditor since
2022, issued a "going concern" qualification in its report dated
April 12, 2024, citing that the Company incurred a net loss for the
years ended Dec. 31, 2023, and 2022, and the accumulated deficit
increased from $36.71 million to $44.43 million from 2022 to 2023.
These factors raise substantial doubt about the Company's ability
to continue as a going concern.

Nova Lifestyle incurred a net loss of $7.72 million and $17.10
million for the years ended December 31, 2023 and 2022. As of June
30, 2024, Nova LifeStyle had $5,803,647 in total assets, $5,755,439
in total liabilities, and $48,208 in total stockholders' equity.


NOVA LIFESTYLE: VT Conceptone Holds 14.9% Equity Stake
------------------------------------------------------
VT Conceptone Sdn Bhd and Tia Venus, in his capacity as the sole
shareholder and director of VT Conceptone, disclosed in a Schedule
1G filed with the U.S. Securities and Exchange Commission that as
of July 30, 2024, they beneficially owned 460,000 shares of Nova
LifeStyle, Inc.'s common stock, constituting to 14.9% of the shares
outstanding, based on a total of 3,084,735 shares of common stock
outstanding as of August 12, 2024, as reported by Nova Lifestyle in
its Form 10-Q filed with SEC on August 14, 2024.

A full-text copy of Huge Energy's SEC Report is available at:

                  https://tinyurl.com/mr37fd77

                      About Nova Lifestyle

Headquartered in Commerce, Calif., Nova LifeStyle, Inc. is a
distributor of contemporary styled residential and commercial
furniture incorporated into a dynamic marketing and sales platform
offering retail as well as online selection and global purchase
fulfillment. The Company monitors popular trends and products to
create design elements that are then integrated into the Company's
product lines that can be used as both stand-alone or whole-room
and home furnishing solutions. Through its global network of
retailers, e-commerce platforms, stagers, and hospitality
providers, Nova LifeStyle also sells (through an exclusive
third-party manufacturing partner) a managed variety of
high-quality bedding foundation components.

San Mateo, Calif.-based WWC, P.C., the Company's auditor since
2022, issued a "going concern" qualification in its report dated
April 12, 2024, citing that the Company incurred a net loss for the
years ended Dec. 31, 2023, and 2022, and the accumulated deficit
increased from $36.71 million to $44.43 million from 2022 to 2023.
These factors raise substantial doubt about the Company's ability
to continue as a going concern.

Nova Lifestyle incurred a net loss of $7.72 million and $17.10
million for the years ended December 31, 2023 and 2022. As of June
30, 2024, Nova LifeStyle had $5,803,647 in total assets, $5,755,439
in total liabilities, and $48,208 in total stockholders' equity.


OCEANWIDE PLAZA: Hires Ralls Gruber as Special Litigation Counsel
-----------------------------------------------------------------
Oceanwide Plaza LLC seeks approval from the U.S. Bankruptcy Court
for the Central District of California to employ Ralls Gruber &
Niece LLP as special construction litigation counsel.

The Debtor needs the firm's legal assistance in connection with a
case captioned as Webcor Construction, LP v Lendlease (US)
Construction, Inc., Case No. 19STCV03357, pending in the Superior
Court of the State of California, Los Angeles County.

The firm will be paid at these rates:

     Partners & Counsel      $600 per hour
     Associates              $325 to $425 per hour

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

John Foust, Esq., a partner at Ralls Gruber & Niece LLP, disclosed
in a court filing that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     John Foust, Esq.
     Ralls Gruber & Niece LLP
     1700 S El Camino Real #150
     San Mateo, CA 94402
     Tel: (650) 458-4040

              About Oceanwide Plaza LLC

An involuntary bankruptcy petition against Oceanwide Plaza LLC in
Los Angeles CA, for Chapter 11 protection (Bankr. C.D. Cal. Case
No. 24-11057) on February 13, 2024.

Judge Deborah J Saltzman oversees the case.

Bryan Cave Leighton Paisner, LLP as counsel to the Debtor. Bradley
D. Sharp as chief restructuring officer. GlassRatner Advisory &
Capital Group LLC, dba B. Riley Advisory Services as financial
advisor and expert witness.


OUTKAST ELECTRICAL: Trustee Taps Madoff & Khoury as Legal Counsel
-----------------------------------------------------------------
David B. Madoff, the Subchapter V Operating Trustee of Outkast
Electrical Contractors, Inc., seeks approval from the U.S.
Bankruptcy Court for the District of Massachusetts to employ Madoff
& Khoury LLP as his counsel.

The Trustee will need the advice of and representation by counsel
on legal matters affecting the Debtor's estate.

The Trustee has agreed to compensate the firm at its usual hourly
rates in effect at the time services are rendered.

David B. Madoff, a partner at Madoff & Khoury LLP, disclosed in a
court filing that the firm is a "disinterested person" as the term
is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     David B. Madoff, Esq.
     Steffani M. Pelton, Esq.
     MADOFF & KHOURY LLP
     124 Washington Street
     Foxboro, MA 02035
     Telephone: (508) 543-0040
     Email: madoff@mandkllp.com

          About Outkast Electrical Contractors, Inc.
   
Outkast Electrical Contractors, Inc. provides full-service
commercial electrical construction and renovation services
throughout the greater Boston area. The company is based in
Dorchester Center, Mass.

Outkast filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. D. Mass. Case No. 24-10272) on February 13,
2024, with $500,000 to $1 million in assets and $1 million to $10
million in liabilities. Paul Gray, president, signed the petition.

Judge Janet E. Bostwick oversees the case.

John Sommerstein, Esq., at John F. Sommerstein represents the
Debtor as legal counsel.


P3 HEALTH: Leif Pedersen Appointed CFO Effective Oct. 1
-------------------------------------------------------
P3 Health Partners, Inc. disclosed in a Form 8-K Report filed with
the U.S. Securities and Exchange Commission that on August 29,
2024, the Board of Directors of the Company appointed Leif Pedersen
as Chief Financial Officer of the Company, effective as of October
1, 2024. In connection with his appointment, the Board designated
Mr. Pedersen as principal financial officer and principal
accounting officer of the Company.

Mr. Pedersen will succeed Atul Kavthekar, who resigned from his
position as Chief Financial Officer of the Company effective as of
the Effective Date. Mr. Kavthekar's resignation did not result from
any disagreement with the Company on any matter relating to the
Company's operations, policies or practices. Mr. Kavthekar is
expected to serve as an advisor to the Company following the
Effective Date.

Prior to joining the Company, Mr. Pedersen, age 48, most recently
served as Vice President, Finance & Shared Service Chief Financial
Officer from March 2020 to July 2024 at United Health Group –
Optum Health, a healthcare delivery company. Before it was acquired
by United Health Group – Optum Health, Mr. Pedersen held
positions at DaVita Medical Group, a healthcare company, serving as
Vice President, National Controller, from October 2014 to December
2017 and Vice President, Finance & IT Chief Financial Officer from
January 2018 to February 2020. From January 2006 to October 2014,
Mr. Pedersen held the positions of Senior Assurance Manager and
Director and Sr. Director, General Accounting/Strategic Initiatives
and SOX at DaVita. Mr. Pedersen received his Bachelor of Arts in
Business Administration/Accounting at Washington State University
and was a Certified Public Accountant from 2002 to 2021.

Pedersen Offer Letter

In connection with Mr. Pedersen's appointment as Chief Financial
Officer of the Company, the Company and Mr. Pedersen entered into
an Offer Letter, dated as of July 23, 2024, pursuant to which Mr.
Pedersen will serve as the Company's Chief Financial Officer.

The Offer Letter provides for (i) a $440,000 annual base salary and
(ii) eligibility to earn a target annual bonus equal to 50% of base
salary, in each case, subject to annual review by the Compensation
and Nominating Committee of the Company.

In relation with entering into the Offer Letter, Mr. Pedersen will
be granted awards under the Company's 2021 Incentive Award Plan,
covering an aggregate of 1,500,000 shares of the Company's Class A
common stock. Of this amount, (i) 750,000 shares will be subject to
a non-qualified stock option, which will vest and become
exercisable based solely on the passage of time and (ii) 750,000
shares will be subject to a restricted stock unit award, which will
vest upon the attainment of both service-vesting and
performance-vesting conditions. The material terms and conditions
of the Pedersen Awards are described below in the section titled,
"Pedersen Awards."

Under the terms of the Offer Letter, if Mr. Pedersen's employment
is terminated by the Company without cause after at least six
months of employment with the Company, then Mr. Pedersen will be
entitled to receive cash severance in an aggregate amount equal to
six months of Mr. Pedersen's annual base salary; provided that such
amount will be subject to mitigation upon Mr. Pedersen's employment
with a subsequent employer.

In connection with his appointment, Mr. Pedersen has also entered
into the Company's standard form of indemnification agreement for
directors and officers.

Pedersen Awards

The Board approved the grant of the Option and RSU Award to Mr.
Pedersen, each to be effective as of September 3, 2024. The Option
and the RSU Award will be granted under the Plan.

Option: The Option will vest and become exercisable (i) with
respect to 25% of the underlying shares on the first anniversary of
the effective date of Mr. Pedersen's employment, and (ii) as to the
remaining 75% of the underlying shares, in substantially equal
installments on each quarterly anniversary over the three-year
period thereafter, subject to Mr. Pedersen's continued employment
through the applicable vesting date.

RSU Award: The RSU Award will be subject to both service-vesting
and performance-vesting conditions, such that both conditions must
be satisfied for the RSUs to vest. The applicable vesting date will
be the later of the date on which the applicable "service-vesting
condition" is satisfied and the date on which the
"performance-vesting condition" is satisfied. The service-vesting
condition will be satisfied on the same time-vesting schedule as
the Option. The performance-vesting condition will be satisfied
upon the closing of the first underwritten offering and sale of
Class A Common Stock following the grant date, subject to Mr.
Pedersen's continued employment through such date.

In addition, the Option and the RSU Award will vest (and become
exercisable, as applicable) with respect to 50% of the shares
subject to each such award (or such lesser number of shares that
remain unvested) on the one-year anniversary of the consummation of
a Qualifying Change in Control (as defined in the applicable award
agreement), subject to Mr. Pedersen's continued employment through
such anniversary date. In the event of a Change in Control that is
a CPF Transaction, then (i) each of the Option and the RSU Award
will vest (and become exercisable, as applicable) on the one-year
anniversary of the consummation of such Change in Control with
respect to 30% of the shares subject to each such award (or such
lesser number of shares that remain unvested), subject to the Mr.
Pedersen's continuous employment with the Company through such
anniversary date. In either event, following the foregoing
accelerated vesting treatment, any then-remaining unvested shares
will remain eligible to vest (and become exercisable, as
applicable) over the remaining original vesting schedule (but
pro-rated to reflect the amount of each vesting tranche that was
accelerated in connection with such Qualifying Change in Control or
Change in Control).

                     About P3 Health Partners

Henderson, Nev.-based P3 Health Partners Inc is a patient-centered
and physician-led population health management company and, for
accounting purposes, the successor to P3 Health Group Holdings, LLC
and its subsidiaries after the consummation of a series of business
combinations in December 2021 with Foresight Acquisition Corp. As
the sole manager of P3 LLC, P3 operates and controls all of the
business and affairs of P3 LLC and P3's only assets are equity
interests in P3 LLC.

As of March 31, 2024, the Company has $10.5 million in total
assets, $59.5 million in total liabilities, and $49 million in
total member's deficit.

                           Going Concern

As of March 31, 2024, and December 31, 2023, the Company had $27.3
million and $36.3 million, respectively, in unrestricted cash and
cash equivalents available to fund future operations. The Company's
capital requirements will depend on many factors, including the
pace of the Company's growth, ability to manage medical costs, the
maturity of its members, and its ability to raise capital. The
Company continues to explore raising additional capital through a
combination of debt financing and equity issuances. When the
Company pursues additional debt and/or equity financing, there can
be no assurance that such financing will be available on terms
commercially acceptable to the Company. If the Company is unable to
obtain additional funding when needed, it will need to curtail
planned activities in order to reduce costs, which will likely have
an unfavorable effect on the Company's ability to execute on its
business plan and have an adverse effect on its business, results
of operations, and future prospects. As a result of these matters,
substantial doubt exists about the Company's ability to continue as
a going concern within the next 12 months.


PATHS PROGRAM: Gets OK to Hire Guidant Law as Bankruptcy Counsel
----------------------------------------------------------------
Paths Program Holding, LLC received approval from the U.S.
Bankruptcy Court for the District of Arizona to hire Guidant Law,
PLC as bankruptcy counsel.

The firm will advise and assist the Debtor with respect to its
Chapter 11 bankruptcy proceedings.

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

     Attorneys                  $375 - $490
     Paralegals                 $125 - $175
     Paralegal Assistant         $80 - $125

D. Lamar Hawkins, Esq., an attorney at Guidant Law, disclosed in a
court filing that the firm is a "disinterested person" as the term
is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     D. Lamar Hawkins, Esq.
     Guidant Law, PLC
     402 E. Southern Ave.
     Tempe AZ 85282
     Telephone: (602) 888-9229
     Facsimile: (480) 725-0087
     Email: lamar@guidant.law

          About Paths Program Holding, LLC

Paths Program Holding offers educational support services.

Paths Program Holding, LLC filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. D. Ariz. Case No.
24-07033) on August 23, 2024, listing $75,000 in assets and
$1,543,051 in liabilities. The petition was signed by Anna-Lisa
Mackey as manager.

Judge Daniel P Collins presides over the case.

D. Lamar Hawkins, Esq. at GUIDANT LAW, PLC represents the Debtor as
counsel.


PECF USS III: Moody's Lowers CFR to 'Caa3' & Appends 'LD' to PDR
----------------------------------------------------------------
Moody's Ratings downgraded PECF USS Intermediate Holding III
Corporation's ("USS") corporate family rating to Caa3 from Caa2 and
the company's probability of default rating to Caa3-PD from
Caa2-PD, while concurrently appending the PDR with a limited
default (LD) designation, changing the PDR to Caa3-PD/LD.
Additionally, Moody's downgraded the rating on USS' senior secured
first lien term loan to Caa2 from Caa1, withdrew the rating on the
company's first lien revolving credit facility (which was repaid
and replaced with a new first lien revolver at a new non-guarantor
restricted subsidiary), and affirmed the Ca rating on USS' senior
unsecured notes. The outlook is stable. Moody's will remove the
"/LD" designation from the PDR in approximately three business
days, reflecting the new capital structure.

The rating action reflects the company's recently completed
distressed debt exchange as well as Moody's expectation for
continued softness in USS' operating performance and sustained free
cash flow deficits, which should result in progressively weakening
liquidity. The debt exchange modestly increased USS' total gross
debt while bolstering its cash balance. The transaction included
the exchange of a majority of USS' first-lien term loan
(approximately $1,744million exchanged) and senior unsecured notes
(approximately $307 million exchanged) at varying distressed levels
into new senior secured debt of a new non-guarantor restricted
subsidiary. This transaction resulted in substantial economic
losses to existing USS lenders that contributed to Moody's
determination of a distressed exchange and limited default. ESG
considerations were a key driver of the rating action as Moody's
expect the company will continue to employ very aggressive
financial strategies. The company is a national provider of
portable sanitation and complementary site services.

RATINGS RATIONALE

USS' Caa3 CFR is primarily constrained by the company's elevated
financial leverage (approximately 18x debt-to-EBITDA as of LTM June
30, 2024, pro forma for the distressed debt exchange based on
Moody's calculations) and Moody's anticipation of negative free
cash flow over the next 12 to 18 months which will result in
deteriorating liquidity. The company's credit quality is also
negatively impacted by Moody's expectations for continued softness
in USS' operating performance and moderate revenue concentration in
the highly cyclical residential and commercial construction end
markets. Corporate governance risks related to company's
concentrated equity ownership by affiliates of Platinum Equity, LLC
("Platinum") and tolerance for very aggressive financial policies,
including potential debt-funded acquisitions or subsequent
distressed exchanges, also elevate risks. USS' credit profile
benefits from the company's leading position within the fragmented
portable sanitation and related site services solutions markets
with a diverse and national customer base, low customer
concentration and long-standing relationships evidenced by high
client retention rates.

Moody's consider USS' liquidity profile to be weak based on Moody's
expectation that the company will incur material free cash flow
deficits over the next 12-15 months that will fuel significant
deterioration in USS's $213 million pro forma cash balance.
Following the debt exchange, USS will have approximately $25
million of remaining capacity under its new $100 million first lien
revolving credit facility (unrated) expiring April 2030 at a new
non-guarantor restricted subsidiary. USS' $220 million asset based
revolver expiring April 2030 is nearly fully drawn ($192.5 million)
and the company presently does not have additional borrowing
capacity on this loan given covenant limitations of a springing
1.0x minimum fixed charge coverage ratio if excess availability
falls below 10% of the aggregate commitments ($22 million). The new
debt of the new non-guarantor restricted subsidiary consists of the
$100 million revolver, a  $431 million first-lien first-out term
loan/notes, a $1,657 million first-lien second-out term loan, and a
$125 million first-lien third-out secured notes, all maturing April
2030. The first-lien first-out debt (revolver, first-out term
loans, first-out notes) and asset-based revolver will be subject to
a maximum 8.3x consolidated first-lien first-out net leverage ratio
maintenance covenant which the company should remain compliant with
over the next 12-15 months.

Following the distressed debt exchange, USS' existing senior
secured first-lien term loan and senior unsecured notes are deeply
subordinated in the new capital structure to the new debt at a new
non-guarantor restricted subsidiary. However, the Caa2 rating on
USS' senior secured first-lien term loan and the Ca rating USS'
senior unsecured notes reflect Moody's present recovery
expectations for these instruments. The ratings are sensitive to
prospective changes in these recoveries expectations.

The stable outlook reflects Moody's recovery expectations and
Moody's anticipation that USS' sales will gradually, but not
materially improve from current depressed levels over the next
12-18 months. EBITDA margins will rise as a result of operating
leverage benefits during this period, but the company's financial
leverage will remain elevated and USS will continue to incur
material free cash flow deficits given it very high interest
expenses, resulting in deteriorating liquidity.

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

The ratings could be upgraded if USS can generate healthy revenue
and EBITDA growth, resulting in a material decline in the company's
debt to EBITDA, while consistently generating positive free cash
flow and improving its liquidity profile.

The ratings could be downgraded if USS' revenue and profitability
remain under pressure, resulting in weakening liquidity and an
increase in debt-to-EBITDA from current levels. The ratings could
also be downgraded if Moody's recovery expectations in the event of
default diminish.

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

Headquartered in Westborough, MA and controlled by affiliates of
Platinum, USS is a provider of portable sanitation units, temporary
fencing, storage containers and temporary electric equipment
serving the construction, commercial, industrial, special event,
government agency, and other end markets. Moody's project the
company's annual revenue to approach $1 billion at the end of 2024.


PERFORMANCE GROUP: Moody's Rates New $1BB Sr. Unsecured Notes 'B1'
------------------------------------------------------------------
Moody's Ratings assigned a B1 rating to Performance Food Group,
Inc.'s (PFG) proposed $1.0 billion backed senior unsecured notes
due 2032. PFG's existing ratings are unchanged, including its Ba2
corporate family rating, Ba2-PD probability of default rating, B1
ratings on its existing backed senior unsecured notes and SGL-1
speculative grade liquidity rating (SGL). The outlook is stable.

Proceeds from the new notes together with $1.1 billion in
borrowings under its asset based revolving credit facility (ABL)
will be used to fund its $2.1 billion acquisition of Cheney
Brothers, Inc. and pay related fees and expenses. The proposed
notes will rank pari passu with the existing senior unsecured
notes. In connection to this acquisition, PFG will also upsize its
ABL to $5.0 billion from $4.0 billion. The assigned rating to the
senior unsecured notes is subject to review of final
documentation.

RATINGS RATIONALE

PFG's Ba2 CFR is supported by the company's scale and market
position as a top 3 distributor in the relatively
recession-resilient food distribution industry in North America.
The company has roughly tripled its revenue and EBITDA since the
fiscal year ended June 2019, through both organic growth and
integrating acquisitions, including Core-Mark, Reinhart and Eby
Brown. The ratings also benefit from governance considerations,
specifically PFG's balanced financial strategy, which includes a
2.5-3.5x leverage target (based on the company's definition,
roughly equivalent to 2.9x-3.9x Moody's-adjusted debt/EBITDA)
outside of major acquisitions. Moody's expect moderate earnings
growth over the next 12-18 months, driven by market share gains and
contribution from recent bolt-on acquisitions, partly offset by
decelerating food inflation and wage increases. Moody's also
project very good liquidity, including solid positive free cash
flow and ample excess revolver availability. At the same time, the
credit profile is constrained by PFG's low operating margins and
the intensely competitive nature of the food distribution industry.
In addition, PFG' acquisitive business strategy creates increased
event, debt and execution risk. However, these risks are mitigated
by PFG's good track record of integrating the acquisitions and
deleveraging. The ratings also incorporate environmental and social
considerations, including risks associated with the distribution of
tobacco products to its convenience store customers.

The stable outlook reflects Moody's expectation for continued
earnings growth, solid credit metrics and very good liquidity.

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

Factors that could lead to an upgrade include continued organic
revenue and earnings growth, very good liquidity and a balanced
financial strategy including limited revolver use for funding
long-term investments and acquisitions. Quantitatively, the rating
could be upgraded if Moody's-adjusted debt/EBITDA is sustained
below 3.5x and EBITA/interest expense above 4.0x.

Factors that could lead to a downgrade include sustained declines
in operating performance or the adoption of a more aggressive
financial strategy. Quantitatively, the rating could be downgraded
if Moody's-adjusted debt/EBITDA is maintained above 4.0x or
EBITA/interest expense declines below 3.25x. A deterioration in
liquidity for any reason could also lead to a downgrade.

Headquartered in Richmond, Virginia, Performance Food Group, Inc.,
a wholly owned subsidiary of Performance Food Group Company (PFGC),
is a food distributor with revenue of approximately $58 billion as
of June 29, 2024. The company serves restaurants, convenience
stores, vending operators and other end markets in North America.

The principal methodology used in this rating was Distribution and
Supply Chain Services published in February 2023.


PICCARD PETS SUPPLIES: Hits Chapter 11 Bankruptcy in Florida
------------------------------------------------------------
On August 15, 2024, Piccard Pets Supplies Corp. filed Chapter 11
protection in the Middle District of Florida. According to court
filing, the Debtor reports $5,323,839 in debt owed to 1 and 49
creditors. The petition states funds will be available to unsecured
creditors.

A meeting of creditors under 11 U.S.C. Section 341(a) is slated for
September 11, 2024 at 10:00 a.m. in Room Telephonically on
telephone conference line: 866-718-3566. participant access code:
2721444#.

           About Piccard Pets Supplies Corp.

Piccard Pets Supplies Corp. offers pet supplies and medications for
dogs, cats, bird, aquarium, livestock and farm.

Piccard Pets Supplies Corp. sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 24-02434) on August
15, 2024. In the petition filed by Marlon Martinez, as CEO, the
Debtor reports total assets of $927,465 and total liabilities of
$5,323,839.

Honorable Bankruptcy Judge Jacob A. Brown oversees the case.

The Debtor is represented by:

     Thomas Adam, Esq.
     ADAM LAW GROUP, PA
     2258 Riverside Ave
     Jacksonville, FL 32204
     Email: tadam@adamlawgroup.com




PINE TREE: Seeks Approval to Tap MD & Associates as Accountant
--------------------------------------------------------------
Pine Tree Condominium Association, Inc. seeks approval from the
U.S. Bankruptcy Court for the Northern District of Georgia to
retain an accountant and pay as ordinary course professional.

The Debtor seeks to employ Angela Mobley of MD & Associates, LLC to
assist in filing its taxes and organizing its books and records
during this case.

The accountant will charge a monthly fee not to exceed $2,000 and a
fee of $350 for each year of federal and state tax returns filed.

Ms. Mobley, owner of MD & Associates, assured the court that her
firm is a disinterested person as the term is defined in 11 U.S.C.
Sec. 101(14).

The firm can be reached through:

     Angela Mobley
     MD & Associates, LLC
     7350 Wright Drive
     Atlanta, GA 30349
     Phone: (770) 354-3077

         About Pine Tree Condominium Association

Pine Tree Condominium Association, Inc. sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No.
24-57695) on July 26, 2024, with $383,876 in assets and $2,263,903
in liabilities. Marion Webb, vice president, signed the petition.

Mark D. Gensburg, Esq., at Jones & Walden, LLC represents the
Debtor as legal counsel.


PINNACLE FOODS: Popeyes Loses Bid to Remove DIP, Appoint Trustee
----------------------------------------------------------------
Judge Rene Lastreto II of the United States Bankruptcy Court for
the Eastern District of California denied the motion filed by
Popeyes Louisiana Kitchen, Inc. to:

     -- remove Pinnacle Foods of California LLC, as
debtor-in-possession;
     -- expand the powers of the the Subchapter V Trustee; or
     -- in the alternative, revoke the debtor's Subchapter V
designation and appoint a Chapter 11 trustee.

Popeyes is the franchisor of the two Franchisee Debtors who each
opened Popeyes(R) brand fast food restaurants pursuant a franchise
agreement. Pinnacle is the franchisee for five Popeyes restaurants
in Fresno, California, and one in Turlock, California, while Tyco
is the franchisee for one restaurant in San Diego, California.

Popeyes claims it had no prior knowledge that a separate entity ---
CA QSR -- was created and put in place as the operating entity for
the Franchisee's restaurants. This was in contravention of Section
10.12 of the Franchise Agreements which, inter alia, forbade the
operation of any of the Popeyes restaurants by any party other than
Franchisee without Franchisor's prior written consent and
identified any violation of that provision as a "material default
of this Agreement, for which Franchisor may terminate the
Agreement."

Popeyes asserts that it did not become aware of this breach or CA
QSR's existence until the filing of the petition. The Debtors
dispute this and claim Popeyes knew or should have known about CA
QSR's role in the operation of the restaurants since 2019, but
Popeyes never issued any default notice regarding the use of CA QSR
as a management entity.

The Three Debtors each filed bankruptcy under Chapter 11,
Subchapter V on April 22, 2024. The Three Debtors each filed a
Chapter 11 Small Business Plan in their respective cases on August
2, 2024. Popeyes filed identical motions in each of the Three Cases
on July 10, 2024. The Three Debtors timely filed responses in their
respective cases, and Popeyes duly filed replies.

While not an exclusive list, according to Judge Lastreto, the kind
of things that the court must look for prior to taking the extreme
step of removing a debtor-in-possession include:

   1. fraud;
   2. dishonesty;
   3. incompetence; or
   4. gross mismanagement.

11 U.S.C. Sec. 1185(a).

Judge Lastreto says the key legal dispute between Popeyes and the
Debtors is whether applicable law excuses Popeyes from consenting
to the Debtors' assumption of the franchise agreements. Popeyes
contends that under either the Lanham Act (15 U.S.C. Secs. 1051 –
1141n) or California's Franchise Relations Act (Cal Bus. and Prof.
Code Secs. 20000 - 20043), Popeyes is excused from consenting to
the assignment of the franchises to anyone. Popeyes thus concludes
that under controlling Ninth Circuit authority, Pearlman v.
Catapult Entertainment (In Re Catapult Entertainment), 165 F.3d
147 9th Cir. 1999), this circuit is firmly in the "hypothetical
test" camp and under Sec. 365, Popeyes is excused from having to
consent to the Debtors' assumption of the franchises whether or not
the Debtors intend to assign the franchises to third parties. Thus,
Popeyes concludes the plans proposed by the Debtors are doomed to
fail because they have as a critical component the assumption of
the franchise agreements.

The Debtors argue that Popeyes has either waived the material
breach involving QSR's management after they have had knowledge of
the relationship since 2019 or have acquiesced in it. They also
argue that while Catapult may place the Ninth Circuit in the
"hypothetical test" camp, it should be narrowly applied since
Catapult requires that "applicable law" precludes assignment before
Sec. 365(c)(1) applies.

Judge Lastreto says, "The problem for Popeyes in this case is that
this motion can be decided without this court ruling on whether the
franchise agreements can be assumed or assumed and assigned.
Popeyes has presented the court with no controlling authority
establishing that a debtor-in-possession maintaining a similar
legal position as to the assignability of franchise agreements
amounts to 'gross mismanagement.' In fact, Popeyes examples are
relief from stay motions or motions to assume agreements not
removal of a debtor-in-possession."

He explains, "At the time that this motion was filed, Debtors had
not yet filed a proposed plan, nor had they filed motions to assume
or reject the franchise agreements. Debtors have since filed a plan
in each of the Three Cases. Debtors retain the right to move for
assumption or rejection at any point prior to confirmation. 11
U.S.C. Sec. 365(d)(2). Likewise, Popeyes retains the right to
object to confirmation of the proposed plan and to oppose any
motions to assume after they are filed. Indeed, Popeyes retains the
right to ask the court to set a deadline earlier than confirmation
for Debtor to move to assume the agreement and to object to and
oppose such motion when it is made. 11 U.S.C. Sec. 365(d)(2). In
short, Popeyes has avenues for the relief it seeks that do not call
for the extreme step of removing the Debtor from its status as DIP
or interfering with Debtors' right to a Subchapter V designation."

Finally, the court was asked alternatively to revoke these Debtors'
designation to proceed under Sub V of Chapter 11 of the Bankruptcy
Code. Presently it is unclear whether this court even has that
authority.

Judge Lastreto concludes, "This court doubts its authority to
'de-designate' an eligible debtor's Sub V election upon a
non-debtor's motion but this interesting issue need not be decided
here. Even if this court had the authority, there are insufficient
facts or circumstances at this moment in the cases to either remove
the debtors-in-possession with its accompanying effects or
'de-designate' the Debtors election."

A copy of the Court's decision dated August 15, 2024, is available
at https://urlcurt.com/u?l=ntcPMF

Attorneys for Popeyes Louisiana Kitchen, Inc:

         Hagop T. Bedoyan, Esq.
         Garrett R. Leatham, Esq.
         Garrett J. Wade, Esq.
         MCCORMICK BARSTOW LLP ATTORNEYS AT LAW
         7647 N. Fresno Street
         Fresno, CA 93720
         E-mail: hagop.bedoyan@mccormickbarstow.com
                 garrett.leatham@mccormickbarstow.com
                 garrett.wade@mccormickbarstow.com

              - and --

         Paul J. Battista, Esq.
         Glenn D. Moses, Esq.
         VENABLE, LLP
         801 Brickell Avenue, Suite 1500
         Miami, FL 33131
         E-mail: pjbattista@Venable.com
                 gdmoses@Venable.com

Attorneys for Pinnacle Foods of California, LLC, Tyco Group, LLC,
CA QSR Management, Inc.:

         Michael J. Berger, Esq.
         LAW OFFICES OF MICHAEL J. BERGER
         9454 Wilshire Boulevard, 6th Floor
         Beverly Hills, CA 90212-2929
         E-mail: michael.berger@bankruptcypower.com

Attorneys for Pinnacle Foods of California LLC, Debtor:

         Keith C. Owens, Esq.
         Craig R. Tractenberg, Esq.
         FOX ROTHSCHILD LLP
         10250 Constellation Boulevard, Suite 900
         Los Angeles, CA 90067
         E-mail: kowens@foxrothschild.com

                - and -

         Craig R. Tractenberg, Esq.
         FOX ROTHSCHILD LLP
         2000 Market Street, 20th Floor
         Philadelphia, PA 19103
         E-mail: ctractenberg@foxrothschild.com

               About Pinnacle Foods of California

Pinnacle Foods of California LLC filed its voluntary petition for
relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Cal.
Case No. 24-11015) on April 22, 2024, listing $2,077,748 in assets
and $4,509,986 in liabilities. The petition was signed by Imran
Damani as president.

Judge Rene Lastreto II presides over the case.

The Debtor tapped Michael Jay Berger, Esq., at Law Offices of
Michael Jay Berger as bankruptcy counsel and Craig R. Tractenberg,
Esq., at Fox Rothschild LLP as special franchise counsel.


PLURALSIGHT INC: Blue Owl Lenders Take Company Ownership
--------------------------------------------------------
Paula Seligson, Ellen Schneider and Jill R. Shah of Bloomberg News
report that Blue Owl-led private debt group Takes Ownership of
Pluralsight.

Private credit lenders have agreed to take ownership of Pluralsight
Inc., three years after Vista Equity Partners bought the
educational-software company, in a markedly swift unraveling of a
private equity investment.

The proposed restructuring is expected to wrap up as soon as
Thursday after months of negotiations, according to people with
knowledge of the matter, who were not authorized to speak
publicly.

A group of lenders led by Blue Owl Capital Inc. is injecting about
$275 million of new money into Pluralsight in the form of loan
facilities, with roughly $125 million funded as of this week,
Bloomberg Law reports.

            About Pluralsight Inc.

Pluralsight offers a variety of video training courses for software
developers, IT administrators, and creative professionals.





POET TECHNOLOGIES: Streamlines Global Engineering Organization
--------------------------------------------------------------
POET Technologies Inc. announced a reorganization of its
engineering team to streamline design, component engineering and
New Product Introduction (NPI) activities globally, in response to
active customer demand for 800G and higher products directed at the
AI systems and hyperscale data center markets.

While the major AI network and systems companies are located in
North America and China, almost all module makers, including the
Company's current customers for optical engines, are located in
China, Taiwan and other Asia Pacific countries. To better serve
these and other customers, POET has established a Global
Engineering Organization based in Singapore, which will be led by
Dr. Mo Jinyu, Senior Vice President, with the New Product
Introduction (NPI) and component engineering teams reporting to
her. NPI is responsible for taking optical engine and module
products from prototype design to initial manufacturing,
coordinating with the product design and production teams along the
way. All of these functions benefit from tight integration and
geographic proximity. Critical product design and architecture, key
customer relationships, global marketing & sales, and intellectual
property management all continue to remain centered in Silicon
Valley California, while the Company's finance, investor relations
and other administrative functions are managed from its
headquarters in Toronto, Ontario.

As a result of this reorganization, the functions of engineering
design and manufacturing interface, previously managed by POET's
Allentown, PA organization will be transferred to POET's Shenzhen
operation, with other functions being transferred to Singapore.
Compared to its annualized spend at the beginning of the year, the
annual savings realized from the closing of Allentown on or before
March 31, 2025, will be between US$1.8 million and $2 million
annually, with one-time costs estimated at approximately US$250
thousand.

"Now that the Company has a strong balance sheet, we can
confidently plan for our future, by streamlining the organization
with a laser focus on securing design wins, delivering products and
taking volume production orders from customers," said Dr. Suresh
Venkatesan, Chairman & Chief Executive Officer of POET. "We fully
expect that the partnerships and customers that we have announced
over the past few months will mature into module designs that will
qualify with end users and convert to optical engine revenue later
this year and into 2025, with ultra-high growth in the years to
follow."
                   About POET Technologies Inc.

POET -- www.poet-technologies.com -- is a design and development
company offering high-speed optical modules, optical engines, and
light source products to the artificial intelligence systems market
and hyperscale data centers. POET's photonic integration solutions
are based on the POET Optical Interposer, a novel, patented
platform that allows the seamless integration of electronic and
photonic devices into a single chip using advanced wafer-level
semiconductor manufacturing techniques. POET's Optical
Interposer-based products are lower cost, consume less power than
comparable products, are smaller in size, and are readily scalable
to high production volumes. In addition to providing high-speed
(800G, 1.6T, and above) optical engines and optical modules for AI
clusters and hyperscale data centers, POET has designed and
produced novel light source products for chip-to-chip data
communication within and between AI servers, the next frontier for
solving bandwidth and latency problems in AI systems. POET's
Optical Interposer platform also solves device integration
challenges in 5G networks, machine-to-machine communication,
self-contained "Edge" computing applications, and sensing
applications, such as LIDAR systems for autonomous vehicles. POET
is headquartered in Toronto, Canada, with operations in Allentown,
PA, Shenzhen, China, and Singapore.

                   About POET Technologies Inc.

Hartford, Conn.-based Marcum LLP, the Company's auditor since 2009,
issued a "going concern" qualification in its report dated March
15, 2024, citing that the Company has incurred significant losses
over the past few years and needs to raise additional funds to meet
its future obligations and sustain its operations. These conditions
raise substantial doubt about the Company's ability to continue as
a going concern.

POET Technologies reported a net loss of $20.27 million for the
year ended Dec. 31, 2023, compared to a net loss of $21.04 million
for the year ended Dec. 31, 2022. As of Dec. 31, 2023, the Company
had $8.78 million in total assets, $3.85 million in total
liabilities, and $4.93 million in shareholders' equity.


POLERAX USA: Updates Unsecured Claims Pay Details
-------------------------------------------------
Polerax USA Inc. submitted an Amended Plan of Reorganization for
Small Business dated August 9, 2024.

The Debtor's proposed 5-year projections itemize the Debtor's
revenue source and the expenses for the next 5 years. The Debtor
intends to fund its Amended Plan from the continued operation of
its business.

Since the filing of the present bankruptcy case, the Debtor
reorganized its affairs, and downsized its business operation by
notifying the landlord of its intention to reject the lease and
vacate the premises on or before January 2025 and lease termination
date.

Class 3(a) includes claims of $5,000.00 or less. The total amount
of claims in Class 3(a) is $10,025.49. The holders of allowed Class
3(a) claims will receive a 2% pro-rata distribution in one
installment on the effective date. This Class is impaired.

Class 3(b) includes the general unsecured claims other than those
identified in Class 3(a). The total amount of the allowed general
unsecured claims in Class 3(b) is $3,362,494.90. Based on the
liquidation analysis and the income valuation of the Debtor's
assets, the holders of allowed general unsecured claims in Class
3(b) will receive an estimated 2% pro-rata distribution through the
Amended Plan.

The distribution to allowed general unsecured claims in Class 3(b)
will be made monthly, with the first payment of $1,120.83 due on
the effective date, followed by 59 consecutive payments, each in
the amount of $1,120.83 to be paid pro-rata to each holder of
allowed general unsecured claim. This Class is impaired.

The Debtor intends to fund its Amended Plan from the continued
operation on its business.

A full-text copy of the Amended Plan dated August 9, 2024 is
available at https://urlcurt.com/u?l=PZhvUD from PacerMonitor.com
at no charge.

Attorney for the Debtor:

     Michael Jay Berger, Esq.
     Law Offices of Michael Jay Berger
     9454 Wilshire Boulevard, 6th Floor,
     Beverly Hills, CA 90212
     Telephone: (310) 271-6223
     Facsimile: (310) 271-9805
     Email: rnichael.bergerbankruptcypower.com

                      About Polerax USA Inc.

Polerax USA Inc. in Los Angeles, CA, filed its voluntary petition
for Chapter 11 protection (Bankr. C.D. Cal. Case No. 24-12938) on
April 16, 2024, listing $99,458 in assets and $3,368,075 in
liabilities.  Kyung J. Lee as president, signed the petition.

Judge Neil W. Bason oversees the case.

LAW OFFICES OF MICHAEL JAY BERGER serves as the Debtor's legal
counsel.


PRECISION MEDICINE: Moody's Affirms 'B2' CFR, Outlook Stable
------------------------------------------------------------
Moody's Ratings affirmed Precision Medicine Group, LLC's B2
corporate family rating, the B2-PD probability of default rating,
as well as the B2 backed senior secured first lien credit
facilities rating. The outlook remains stable.

The rating affirmation and stable outlook reflect PMG's consistent
free cash flow generation, disciplined financial policy, along with
adequate liquidity. While Moody's expect for ongoing softness in
growth due to slowdown in demand for clinical and commercial
services caused by tighter budgets for enterprise pharmaceutical
customers, and to a lesser extent reduction in funding of smaller
biotech customers, Moody's believe ongoing optimization initiatives
will partially offset the aforementioned headwinds.

RATINGS RATIONALE

PMG's rating is constrained by its modest size relative to peers
with around $821 million in revenue and its moderate financial
leverage. Moody's estimate debt/EBITDA was about 6.1x for the
twelve months ended June 30, 2024. Moody's expect financial
leverage will remain high in the 5.0x to 6.0x range as PMG pursues
tuck-in acquisitions. PMG rating is also constrained by its high
customer concentration in the fragmented and competitive market.
The rating also reflects the risks inherent in the CRO industry,
which is highly competitive and is subject to cancellation risk.

PMG's rating is supported by its niche service offering, focused on
earlier-stage clinical development that utilizes biomarkers.
Business diversity is good with solid demand drivers in both
contract research and commercialization services. CROs have good
long-term growth prospects as the biopharmaceutical industry
continues to outsource R&D functions and innovation in personalized
medicine continues to expand.

PMG's capital structure is comprised of a senior secured first lien
facility, including $85 million revolver due 2025, a $725 million
first lien term loan due 2027. All of the debt instruments within
the senior secured first lien facility are rated B2, the same as
the Corporate Family Rating, as they represent the preponderance of
debt in the capital structure.

Moody's expect PMG will maintain adequate liquidity over the next
12 months. Cash was approximately $53 million as of June 30, 2024,
and Moody's expect that the company's annual free cash flow will be
in the range of $15-$25 million over the next 12 months. This will
be sufficient to cover the company's cash needs including mandatory
term loan amortization of 1%, annually (approximately $7 million)
and capital expenditures. PMG's liquidity will be impacted by
contingent earnout payments for multiple acquisitions completed
over the least several years. Moody's expect the roughly $8-$12
million in earnout payments due in 2025 to be funded with
internally generated cash flows. PMG's $85 million revolving credit
facility expires in November 2025. There was approximately $8
million drawn on the revolver at June 30, 2024, which was
subsequently fully repaid in July. PMG's term loan has no financial
maintenance covenant and the revolver has maximum leverage covenant
that only springs when more than 35% is drawn. While Moody's do not
anticipate the revolver to be drawn, there is ample cushion, should
the covenant be tested. The first lien revolver and term loan
lenders have a pledge on all of the company's assets, restricting
sources of alternate liquidity.

The stable outlook reflects Moody's view that PMG will grow in the
low single-digit range, over the next 12-18 months. The outlook
also reflects Moody's expectation that PMG will be acquisitive, but
that financial leverage will be maintained below 6.0x, along with
at least adequate liquidity.

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

The ratings could be upgraded if PMG demonstrates consistent
profitable growth leading to a meaningful increase in scale. In
addition, the ratings could be upgraded if the company manages its
internal strategic initiatives and external growth opportunities
(i.e., acquisitions), under conservative financial policies.
Quantitatively, debt/EBITDA sustained below 4.5 times on an
adjusted basis would support an upgrade.

The ratings could be downgraded if PMG's backlog and new business
awards are weak on a sustained basis, resulting in material decline
in operating margins and profitability. Aggressive financial
policies such that debt/EBITDA is sustained above 6.0x, could also
result in a downgrade. Additionally, weakening in liquidity,
partially reflected in sustained negative free cash flow could
support a downgrade.

Headquartered in Bethesda, Maryland, Precision Medicine Group, LLC
is a biopharmaceutical services company providing clinical research
and commercialization services for the pharmaceutical and
biotechnology industries. Reported revenue for the twelve months
ended June 30, 2024, was approximately $822 million. PMG is
majority owned by private equity sponsor, Blackstone.

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


QDOS INC: Mark Sharf Named Subchapter V Trustee
-----------------------------------------------
The U.S. Trustee for Region 17 appointed Mark Sharf, Esq., a
practicing attorney in Los Angeles, as Subchapter V trustee for
QDOS, Inc.

Mr. Sharf will charge $660 per hour for his services as Subchapter
V trustee and $150 per hour for his trustee administrator's
services. In addition, the Subchapter V trustee will seek
reimbursement for work-related expenses incurred.

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

The Subchapter V trustee can be reached at:

     Mark Sharf, Esq.
     6080 Center Drive, 6th Floor
     Los Angeles, CA 90045
     Telephone: (323) 612-0202
     Email: mark@sharflaw.com

                          About QDOS Inc.

Based in Irvine, California, QDOS, Inc. (doing business as DeskSite
and DSN) designs and provides video entertainment software
applications. DSN offers audiences complete video libraries from
dozens of America's most popular professional sports teams &
leagues. Content is accessible through team-branded apps on Smart
TVs, computers, tablets, streaming media players, Blu-ray players,
and game consoles.  Each team's unique individual brand identity is
firmly maintained via team-branded portals, while aggregating all
viewers under a single network for advertising purposes.  

Creditors Carl Wiese, Matthew Hayden and Felice Terrigno filed an
involuntary Chapter 11 petition (Bankr. C.D. Calif. Case No.
18-11997) against QDOS on May 31, 2018. The petitioning creditors
are represented by Patrick M. Costello, Esq., at Vectis Law.

Judge Scott C. Clarkson oversees the case.


QUICK SERVE: Hires Greenridge Financial as Financial Consultant
---------------------------------------------------------------
Quick Serve, LLC seeks approval from the U.S. Bankruptcy Court for
the District of New Hampshire to employ Greenridge Financial
Services LLC as financial consultant.

The firm's services include:

   a. preparing financial projections, monthly operating reports,
and recommendations to the Debtor and the Debtor's general
bankruptcy counsel, William S. Gannon and William S. Gannon, PLLC
("Debtor's Counsel") and

   b. communicating, as necessary, with the Debtor, Debtor's
Counsel, the Debtor's potential and existing creditors, the United
States Bankruptcy Court for the District of New Hampshire, and the
office of the United States Trustee.

Elisa Sartori, CPA, the accountant for the firm, will be paid $195
per hour.

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Elisa Sartori, CPA, a partner at reenridge Financial Services LLC,
disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     Elisa Sartori, CPA
     Greenridge Financial Services LLC
     45 Summer St. #106
     Leominster, MA 01453
     Tel: (617) 872-9671

              About Quick Serve, LLC

Quick Serve LLC --  https://www.thebeachplum.net/reviews -- doing
business as The Beach Plum,  is a seasonal store located in The Old
Firehouse on the historic village green of Fishers Island, New
York.

Quick Serve LLC sought relief under Subchapter V of Chapter 11 of
the U.S. Bankruptcy Code (Bankr. D.N.H. Case No. 24-10518) on July
30, 2024. In the petition filed by Robert Lee, as member and
manager, the Debtor reports estimated assets up to $50,000 and
estimated liabilities between $500,000 and $1 million.

The Debtor is represented by:

     William S. Gannon, Esq.
     William S. Gannon PLLC
     2800 Lafayette Road
     Portsmouth, NH 03801



R AND E HEALTH: Seeks to Hire Giddens Mitchell as Attorney
----------------------------------------------------------
R and E Health Care, LLC seeks approval from the U.S. Bankruptcy
Court for the Northern District of Georgia to employ Giddens,
Mitchell & Associates, P.C. as Attorney.

The firm will provide these services:

     a. give the Debtor legal advice with respect to the Debtor's
powers and duties as Debtor in Possession in the continued
management of the Debtor's property;

     b. prepare on behalf of the Debtor as Debtor in Possession all
necessary applications, answers, motions, orders, reports, and
other legal papers; and

    c. perform all other legal services for the Debtor in
Possession that may be necessary in this case.

The firm will be paid at these rates:

     Kenneth Mitchell, Sr.    $350 per hour
     Bobby L. Giddens         $350 per hour
     Alyceson Sadler          $175 per hour
     Alicia Dennis            $175 per hour

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Kenneth Mitchell, Sr., Esq., a partner at Giddens, Mitchell &
Associates, P.C., disclosed in a court filing that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.

The firm can be reached at:

     Kenneth Mitchell, Sr.
     Giddens, Mitchell & Associates, P.C.
     3951 Snapfinger Parkway, Suite 555
     Decatur, GA 30035
     Tel: (770) 987-7007

              About R and E Health Care, LLC

R and E Health Care, LLC filed a petition under Chapter 11,
Subchapter V of the Bankruptcy Code (Bankr. N.D. Ga. Case No.
24-57861) on July 31, 2024, with $50,001 to $100,000 in assets and
$100,001 to $500,000 in liabilities.

Judge James R. Sacca presides over the case.


RAGING BULL: Court Directs Appointment of Trustee
-------------------------------------------------
Judge Mindy A. Mora of the United States Bankruptcy Court for the
Southern District of Florida ruled on several motions in the
bankruptcy case of Raging Bull Investments Limited.

"This case is difficult on several levels," Judge Mora admitted.

The major players are insiders of debtor Raging Bull, a Texas
limited partnership now doing business in Florida. They are also
members of a family unit that dissolved years ago.

The two key witnesses in a two-day trial on multiple issues are
former spouses. During their marriage, Mark Croft and Maureen Croft
shared a financial future. In that time, and with family financial
security in mind, they created and funded an investment vehicle,
RBIL. Then the marriage ended, and neither spouse invested the time
to clearly decide and document an agreement about what should
happen to RBIL after the divorce.

Mark and Maureen's post-divorce state of family and business
affairs led to attempts in this bankruptcy case to jointly support,
then abandon, a global settlement agreement. They each contrived
independent attempts to enforce that settlement (announced in
detail on the record but never memorialized in writing) and another
(properly documented in writing) settlement agreement. The written
settlement agreement is silent as to certain key points of
contention between the parties.

This decision covers seven related filings in the main bankruptcy
case that collectively lead to the conclusion that this chapter 11
case has a very slim chance of survival, and an even slimmer chance
of success. The real tragedy is that dismissal, should it occur,
probably will not give any party what they desire absent an as-yet
undemonstrated ability to cooperate outside of court. And, for the
case to remain viable in this Court, appointment of a trustee is
the only way to ensure that all creditors, including the couple's
two disabled adult children, receive the best possible outcome.

In short, this case presents an array of competing interests and
concerns, and none of the options available to the Court are
attractive. Forced to choose between unpalatable options and faced
with a stark lack of reliable evidence, the Court decides this
matter focused on what is in the best interests of all creditors
first, then RBIL's continued viability as a business entity second,
and equity ownership's desires last.

RBIL came into existence during Mark and Maureen's marriage.
Testimony from the former spouses at trial often conflicted, and
neither witness was more credible than the other, according to
Judge Mora. Both agreed, however, that RBIL started as an
investment vehicle, and that neither spouse paid it much attention
at the time of formation. It was, essentially, a "wish" entity
designed to hold a speculative investment. "That investment was
land that might, just might, provide access to oil and gas someday.
As luck would have it, many years later, it did just that," Judge
Mora said.

And then the problems started.

Now that the land is capable of producing not just some amount of
income, but a handsome dividend, Mark and Maureen are locked in a
death struggle to claim control over the proceeds of an oil and gas
lease with EOG Resources, Inc.

Meeting minutes for RBIL dated July 18, 2003 describe proportionate
splits of partnership interests in RBIL. The Minutes provide the
following allocations of ownership interests:

   * Mark S. Croft 51%
   * Maureen G. Croft 47%
   * Anthony R. Croft 1%
   * Carl H. Croft 1%
   * RBM 1%

Only Mark signed the Minutes; Maureen did not sign them. Maureen
disputes that she waived corporate formalities for the meeting.
Anthony and Carl were minors at that time.

RBIL's bankruptcy filings contradict the division of interests,
providing a similar, but not identical, tally. The ownership
interests disclosed in RBIL's bankruptcy are: RBM (1.00%), Mark S.
Croft (50.49%), Maureen G. Croft (46.53%), Carl H. Croft (0.99%),
and Anthony R. Croft (0.99%).

Mark and Maureen's divorce became final in September 2012.

RBIL began making money sometime between 2018 and 2020.

Maureen unilaterally assigned a one-half interest in RBIL's primary
asset (the EOG Lease) to herself on April 1, 2022. Maureen did not
provide the Court with authenticated documents evidencing her
authorization to take this action on behalf of RBIL.

Mark characterized this action as a fraudulent transfer. Under his
direction, RBIL filed an adversary proceeding against Maureen
seeking recovery of any interest in the EOG Lease held by Maureen
as a result of the disputed assignment.

Mark and Maureen entered into a settlement agreement earlier in
this bankruptcy case to resolve key issues between the parties,
including allegations of fraudulent transfer. The Settlement
Agreement included provisions that required Maureen to reconvey the
Disputed Lease Interest back to RBIL, and RBIL's execution of
documents necessary to support distributions of funds.

The Court approved the Settlement Agreement on February 2, 2023.
The Settlement Order is now final and non-appealable.

Both Mark and Maureen contended that the Settlement Agreement
should be enforced but, as of the date of trial, remained
deadlocked regarding whether Anthony and Carl have interests in
RBIL and, if so, how those interests should be managed. Maureen
expressed concern that any ownership interest held by Anthony and
Carl in their own names might impact government benefits. For his
part, Mark was unwilling to transfer management or ownership of
Anthony's and Carl's interests to Maureen without clear evidence
that Anthony and Carl, not Maureen, would be the ultimate
beneficiaries of Anthony and Carl's percentage interest in RBIL's
future income.

At a hearing before the Court on October 24, 2023, Mark and Maureen
informed the Court that they had reached a global resolution of all
pending issues in this bankruptcy case. Both parties indicated
their affirmative consent to the Global Settlement on the record,
describing the terms in detail.

RBIL objected to Maureen's proof of claim on the basis that
Maureen's transfer of the EOG Lease to herself was an ultra vires
act. Because Maureen failed to provide the Court with written
authorization for her unilateral transfer and no written
partnership agreement supports her actions, the Court agrees.

Having reviewed all available evidence, the Court concludes that
Maureen is entitled to her equity interest in RBIL's assets to the
extent of her ownership percentage in RBIL, after payment of RBIL's
legitimate claims and expenses.

Maureen objected to scheduled claims for Mark on the basis that the
claims were unsubstantiated by any valid written documents. Maureen
contended that a Note and Consulting Agreement were either forged
or, alternatively, executed without Maureen's approval. Maureen
also objected to payment for any services rendered by Mark under
the Consulting Agreement prior to 2018 because RBIL was not
producing income, which Maureen contended made Mark's agreement to
provide services illusory.

The Court concludes Mark's scheduled claims should be limited to
his equity interest in RBIL's assets to the extent of his ownership
percentage in RBIL, after payment of RBIL's legitimate claims and
expenses.

Section 362 of the Bankruptcy Code provides for an automatic stay
of all proceedings against a debtor. The decision to grant stay
relief is at its core an equitable one, rooted in fundamental
public policies supporting bankruptcy relief.

The Court previously denied Maureen's request for dismissal
included in the Stay Relief Motion for the reasons stated in the
Dismissal Order. Stay relief is also inappropriate because the
Court perceives that greater needs are at play in this case. The
debtor, RBIL, is before this Court, not Mark and Maureen
individually. That distinction is the guiding principle
underpinning the Court's analysis.

Section 1104(a)(1) of the Bankruptcy Code permits appointment of a
trustee for cause, including situations involving fraud,
dishonesty, incompetence, or gross mismanagement of the debtor by
current management before or after the petition date.

According to the Court, RBIL continues to suffer in a paralytic
state largely due to the parties' inability to memorialize the
Global Settlement's amicable division of ownership interests in
RBIL. This bankruptcy case has stalled out several times due to the
parties' mutual inability to work together, and it seems likely to
do so again. The Court believes the appointment of a chapter 11
trustee ensures that RBIL's bankruptcy case has the greatest
possible chance of resolution.

RBIL's schedules and statements of financial affairs describe Mark
as the majority interest holder of RBIL and sole interest holder of
RBM. The Global Settlement preserves Mark's status as the majority
interest holder of RBIL by dividing the ownership interests 51% in
favor of Mark and 49% in favor of Maureen. Appointment of a chapter
11 trustee will not alter that division of interests, but it will
ensure that RBIL, a business entity, is shepherded through the
remainder of the chapter 11 process without ultra vires acts and
self-dealing, the Court states.

The Court grants Maureen's Enforcement Motion to the extent it
seeks to enforce the Global Settlement, provided however that any
actions to be undertaken by RBIL will be done under the direction
of the chapter 11 trustee.

The Court notes Mark's Sanctions Motion demonstrates the confusion
and mistrust Mark and Maureen have long harbored against one
another. Despite having agreed in principle to a resolution that
would allow funds to begin flowing into RBIL and for RBIL's ongoing
expenses to be paid, Mark and Maureen hit a wall when it came time
to create a confirmable consensual plan, apparently because
Anthony's and Carl's interests were undefined and unrepresented in
this bankruptcy case. The Court cannot change this circumstance; it
can only observe the difficulties that arose because of it.

Mark's primary basis for sanctions is his perception that Maureen
intentionally misled him (and the Court) in her negotiation of the
Global Settlement by stating that she had authority to represent
Anthony's and Carl's interests. Mark contends Maureen did not have
authority to compromise those interests, while Maureen contends she
did.

The Court observes, however, that neither parent appears to have
placed Anthony and Carl's interests at the forefront of this debate
as much as they contend.

The Court also points out Mark's and Maureen's pre-trial failures,
though regrettable, do not rise to the level of intentional deceit
or abuse of the bankruptcy system. Hence, the Court declines to
grant the Sanctions Motion.

Accordingly, having carefully considered the filings, the evidence
introduced at trial, and the entire record of this bankruptcy case,
the Court orders that:

   1. RBIL's Objection is sustained solely as set forth herein.
Maureen is entitled to her equity interest in RBIL to the extent of
a 49% ownership percentage, after payment of RBIL's legitimate
pre-petition and post-petition claims and expenses.

   2. Maureen's Objection is sustained solely as set forth herein.
Mark's scheduled claim is limited to his equity interest in RBIL to
the extent of a 51% ownership percentage, after payment of RBIL's
legitimate pre-petition and post-petition claims and expenses.

   3. The Stay Relief Motion is denied.

   4. The Appointment Motion is granted solely as set forth herein.
The office of the United States Trustee is directed to appoint a
chapter 11 trustee for RBIL.

   5. RBIL's Enforcement Motion is granted solely as set forth
herein and denied in all other respects.

   6. Mark's Sanctions Motion is denied for the reasons stated in
this Opinion.

   7. Maureen's Enforcement Motion is granted solely as set forth
herein and denied in all other respects.

   8. The chapter 11 trustee is directed to file on behalf of RBIL
an amended plan that incorporates the Global Settlement, on or
before October 1, 2024. In enforcing the terms of the Global
Settlement, for each instance in which Mark and Maureen are listed
as acting on behalf of RBIL, the chapter 11 trustee is directed to
act in their place, so that the amended plan provides for the
division of assets and objection to claims being handled as set
forth on Exhibit A to this Order.

   9. The Court retains jurisdiction to enforce the terms of this
memorandum opinion and order.

A copy of the Court's decision is available at
https://urlcurt.com/u?l=KS5PEz

                  Calderin Named as Case Trustee

Mary Ida Townson, the U.S. Trustee for Region 21, appointed
Jacqueline Calderin as Chapter 11 Trustee for Raging Bull
Investments Limited.

The initial bond is fixed at $417,000.

The Chapter 11 trustee can be reached at:

     Jacqueline Calderin
     c/o Agentis Law
     45 Almeria Avenue
     Coral Gables, FL 33134
     Tel: (305) 722-2002

Calderin has tapped the Law Firm of Agentis PLLC as her counsel.

             About Raging Bull Investments Limited

Raging Bull Investments Limited is a limited partnership organized
under the laws of the State of Florida that owns a 1.5% working
interest in and to an oil & gas lease in Loving County, Texas.

Raging Bull Investments filed a petition for relief under Chapter
11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 22-17916) on
Oct. 12, 2022.  In the petition filed by Mark S. Croft, as manager
and partner, the Debtor reported assets between $500,000 and $1
million and liabilities between $10 million and $50 million.

The Debtor is represented by Craig I. Kelley, Esq., at Kelley,
Fulton & Kaplan, P.L.



RAISING CANE'S: Fitch Affirms 'BB-' LongTerm IDR, Outlook Stable
----------------------------------------------------------------
Fitch Ratings has affirmed Raising Cane's Restaurants, LLC's
(Raising Cane's) Long-Term Issuer Default Rating (IDR) at 'BB-' and
the senior unsecured notes due 2029 at 'BB-'/'RR4'. Fitch has also
assigned 'BB+'/RR1' to Raising Cane's proposed $500 million
seven-year senior secured Term Loan B (TLB). The Rating Outlook is
Stable.

Raising Cane's 'BB-' rating reflects its good competitive position
within the Quick Service Restaurant (QSR) industry, supported by a
simple menu offering with good brand perception that has driven
share gains. The company continues scaling nationally, with
double-digit annual unit growth and healthy same-restaurant sales
(SRS), driving double-digit top-line growth with high average unit
volumes (AUV).

The ratings are tempered by its single-brand concept, which
increases vulnerability to brand-specific downturns, significant
FCF deficits and increasing debt load fueled by expansion
investments. Fitch anticipates Raising Cane's EBITDAR leverage to
remain below 4.5x over the next 24 months-36 months, with the
refinancing transaction being leverage neutral.

Key Rating Drivers

Streamlined Durable Model, Strong Execution: Fitch believes Raising
Cane's streamlined model, centered on chicken fingers with a
limited menu, as a key factor in reducing operating complexities,
delivering efficient service at a competitive pricing. The QSR
model has demonstrated resiliency through economic cycles,
benefiting from increased spending during strong economic periods.

The company is well-positioned within the growing chicken segment,
which has grown in the mid-single digits over the past decade and
is expected to continue to outpace the broader QSR category. Fitch
believes Raising Cane's market position should continue to
strengthen due to its proven brand concept with strong portability
that supports increasing units and EBITDA scale. The company's
single-brand concept with narrow consumer appeal leaves it more
vulnerable to brand-specific weakness.

Sizable Growth, Significant FCF Deficit: The company has aggressive
growth plans to expand its company-owned stores at high-single
digits over the next five years with material capital spending
compared to historical levels. Member distributions are also
expected to increase significantly as EBITDA grows with
distributions levels that are in line with historical pay-out
rates. This will result in a material FCF deficit annually over the
forecast period. Any weakness in the business could result in
higher FCF deficits and significant credit risk, which could be
mitigated by pulling back on unit growth or member distributions to
preserve liquidity and manage leverage.

Healthy SRS Growth, High AUV's: Raising Cane's has a long track
record of positive SRS growth around the high single digits
annually during the past decade, with relatively balanced growth
between traffic and check. During 1H24, the company's performance
remained strong with SRS percentage growth in the high-teens,
outpacing the overall industry. Fitch believes this reflects a
value proposition that resonates with consumers. Raising Cane's
system-wide AUV's remain healthy and are more than double the QSR
industry, supported by consistent unit economics across all-aged
restaurant sites and very good restaurant level margins, which
suggests a demonstrated ability to identify appropriate sites for
new store locations.

Stabilized EBITDA Margins: Fitch expects EBITDA margins to remain
in the mid-teen range over the forecast period with new store
openings constraining margin growth. EBITDA margins recovered in
2023, boosted by price actions passed through during 2022,
following significant inflationary cost pressures across cost of
goods sold and labor that primarily drove EBITDA margins to decline
to the low-teen range in 2022. During 1H24, performance remained
robust with over 30% top-line growth and EBITDA margin in the
high-teen area, slightly compressed by higher prime costs.

Leverage Expectations: Decision making for Raising Cane's is
controlled by one individual, the founder Todd Graves, who has
roughly 90% ownership of the company. Fitch expects the company
will demonstrate consistent capital allocation priorities by
investing in the business and returning value to shareholders
through member distributions while maintaining long-term leverage
within its stated EBITDAR leverage target of 3x to 4x, which
equates to roughly about 3.75x to 4.75x on Fitch-calculated EBITDAR
leverage.

Fitch anticipates EBITDAR leverage to stay in the low 4x range by
the end of 2024, compared to 4.0x in 2023 and 5.3x in 2022.
Projected increases in debt levels over the forecast period are
driven by FCF deficits needed to finance growth-related investments
and member distributions. The combination of higher debt and rising
EBITDA will result in Fitch-calculated EBITDAR leverage under
4.5x.

Derivation Summary

Raising Cane's 'BB-' sits between Darden Restaurants, Inc.'s rating
(Darden; BBB/Stable) and Sizzling Platter, LLC's rating (Sizzling;
B-/Stable). Raising Cane's rating reflects the company's good
competitive position within the QSR industry centered on a simple
menu offering with good brand perception that has driven share
gains and the company is gaining national scale with units that
generate high AUVs. The ratings are tempered by its single-brand
concept with narrow consumer appeal which leaves the company more
vulnerable to brand-specific weakness, significant FCF deficits and
increasing debt load fueled by growth investments.

Darden's rating reflects it sizable revenue base above $11 billion,
strong FCF and liquidity, the disciplined financial policy and its
proven ability to outperform the broader casual dining segment
which has been experiencing secular pressure. While a potential
moderation in discretionary spending could adversely impact
Darden's operating performance, expectations for moderate EBITDAR
leverage, based on Fitch adjustments, in the mid 2x area provides
headroom at the current ratings.

Sizzling's rating reflects the company's position as a leading
franchisee in the Little Caesars, Jamba and Wingstop quick-serve
restaurant chains, its reliance on Little Caesars for around 65% of
its revenue and modest scale. The rating also considers recent good
same store sales (SSS) growth and improved operating performance
despite high inflation. EBITDA increased to above $100 million and
EBITDAR leverage improved to the mid-4x area.

Key Assumptions

- Revenues could grow in the mid-20% range in 2024 driven by more
than 80 new restaurant openings and around low-double digits SRS
growth. Low double-digit unit growth for new restaurants openings
in 2025 combined with low SRS growth could result in the
low-to-mid-teen range for revenue growth in 2025;

- Fitch expects 2024 EBITDA margins (including restaurant opening
costs) will remain in the mid-teen range over the forecast period,
supported by moderate chicken and wage costs;

- Higher capital spending from historical levels driven by new
store openings with a material FCF (including member distributions)
deficit expected in 2024. Capital spending increasing in 2024 as
store openings increase to around 85 units that drives a higher FCF
deficit. Member distributions are expected to increase over the
forecast period;

- EBITDAR leverage is expected to be around low-4x range exiting
2024 and could trend toward the mid-4x area based on current EBITDA
growth and increased debt to fund growth investments and member
distributions;

- Raising Cane's has variable interest rate exposure through its
senior secured credit facilities. Base rate SOFR assumptions begin
around 5.2% decreasing over the forecast period to around 3.5%
based on forward curves.

RATING SENSITIVITIES

Factors that Could, Individually or Collectively, Lead to Positive
Rating Action/Upgrade

- Continued unit growth and positive SRS that results in increased
EBITDAR scale of at least $1 billion with sustained positive FCF
(after member distributions) combined with an articulated and/or
demonstrated financial policy that results in EBITDAR Leverage
sustained below 4.0x.

Factors that Could, Individually or Collectively, Lead to Negative
Rating Action/Downgrade

- Weaker than expected topline growth and EBITDA contribution with
higher FCF deficits and/or more aggressive financial policy that
leads to EBITDAR Leverage sustained above 4.5x.

Liquidity and Debt Structure

Adequate Liquidity: Raising Cane's new $500 million senior secured
TLB with a seven-year maturity is expected to paydown outstanding
borrowings under the existing revolving credit facility. Fitch
expects the transaction to be leverage neutral and the total
revolving capacity to remain at $1.2 billion, which provides
flexibility for the company to execute its expansion plans.

Raising Cane's current debt structure includes $170 million
non-extended secured revolver tranche maturing in 2025, $1.03
billion extended secured revolver tranche maturing in 2028, $1
billion secured term loan A due 2028 and $500 million senior
unsecured notes due 2029. The revolving facility, which had $354
million in borrowings outstanding as of 2Q24, would be largely
undrawn following the refinancing transaction. Raising Cane's
maintains relatively modest levels of cash and cash equivalents.

Issuer Profile

Founded in 1996 in Baton Rouge, LA, and headquartered in Plano, TX,
Raising Cane's is a singularly positioned restaurant company that
serves chicken finger meals. The company has 810 system-wide
locations, with approximately 92% of the stores being company-owned
and operated. The company operates in the QSR category and chicken
segment, which have historically outperformed the broader
restaurant category given a resilient business model and good
consumer demand.

MACROECONOMIC ASSUMPTIONS AND SECTOR FORECASTS

Fitch's latest quarterly Global Corporates Macro and Sector
Forecasts data file which aggregates key data points used in its
credit analysis. Fitch's macroeconomic forecasts, commodity price
assumptions, default rate forecasts, sector key performance
indicators and sector-level forecasts are among the data items
included.

ESG Considerations

The highest level of ESG credit relevance is a score of '3', unless
otherwise disclosed in this section. A score of '3' 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. Fitch's ESG Relevance Scores are not
inputs in the rating process; they are an observation on the
relevance and materiality of ESG factors in the rating decision.

   Entity/Debt              Rating           Recovery   Prior
   -----------              ------           --------   -----
Raising Cane's
Restaurants, LLC      LT IDR BB-  Affirmed              BB-

   senior secured     LT     BB+  New Rating   RR1

   senior unsecured   LT     BB-  Affirmed     RR4      BB-


RAISING CANE'S: Moody's Rates New $500MM Secured Term Loan 'Ba3'
----------------------------------------------------------------
Moody's Ratings assigned a Ba3 rating to Raising Cane's
Restaurants, LLC proposed $500 million senior secured term loan B
due 2031. All other ratings were affirmed including the company's
B1 corporate family rating, B1-PD probability of default, and B3
senior unsecured notes rating. The outlook remains stable.

Net proceeds of the proposed term loan will be used to repay
approximately $354 million of its revolving credit facility
borrowings due 2028 with the remainder for corporate purposes.

RATINGS RATIONALE

Raising Cane's B1 CFR reflects its narrow product offering,
relatively small number of system-wide restaurants and geographic
concentration in some states. The ratings also reflect the
company's adequate liquidity given its good operating cash flow
offset by the expectation that the revolver will continue to be
used fund its rapid growth plans and distributions to the company's
owner. The ratings benefit from the company's very good operating
performance in the highly-competitive QSR chicken segment, its high
EBITDA margins, and its good brand awareness in core markets as
reflected by high average unit volumes. Credit metrics are moderate
with leverage at 3.8x and EBITA/interest coverage at 2.7x, both pro
forma for the proposed transaction.

The stable outlook reflects the expectation that Raising Cane's
will continue to generate solid operating performance and new
restaurant openings will be at a measured pace. The outlook also
reflects that Raising Cane's will maintain adequate liquidity after
its growth spending and shareholder distributions.

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

Factors that could result in an upgrade include sustained operating
performance and same-restaurant sales resulting in improved credit
metrics. Other factors include increased size, scale, and
geographic diversification. Quantitatively, a higher rating would
require debt/EBITDA sustained under 4.5x and EBIT/interest expense
above 2.5x. An upgrade would also require good liquidity and
positive free cash flow to fund growth.

A downgrade could occur if operating performance sustainably
weakens or if financial strategies become more aggressive, such as
leveraging the company to fund distributions. Specifically,
debt/EBITDA sustained above 5.25x or EBIT/interest expense below
2.0x.

Raising Cane's Restaurants, LLC owns and operates around 749
restaurants and 61 franchises in 40 states and five countries under
the brand name Raising Cane's. Revenue for the LTM period ended
June 25, 2024, was about $4.2 billion. The company is majority
owned by its founder.

The principal methodology used in these ratings was Restaurants
published in August 2021.


RAY'S TRANSPORT: Seeks Bankruptcy Protection in Michigan
--------------------------------------------------------
Ray's Transport Inc. filed Chapter 11 protection in the Eastern
District of Michigan. According to court documents, the Debtor
reports $2,722,529 in debt owed to 1 and 49 creditors. The petition
states funds will be available to unsecured creditors.

                    About Ray's Transport Inc.

Ray's Transport Inc. is part of the general freight trucking
industry that provides expedited shipping services. With a fleet of
temperature-controlled trailers, the Company transports all
products requiring refrigeration.

Ray's Transport Inc. sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Mich. Case No. 24-47747) on Aug. 12,
2024.  In the petition filed by Ray Almoosawi, as sole shareholder,
the Debtor reports total assets as of Dec. 31, 2023 amounting to
$4,612,144 and total liabilities as of Dec. 31, 2023 of
$2,722,529.

The Debtor is represented by:

      Alexander J. Berry-Santoro, Esq.
      MAXWELL DUNN PLC
      2937 E. Grand Blvd.
      Suite 308
      Detroit, MI 48202
      Email: aberrysantoro@maxwelldunnlaw.com


REBEL STEEL: Hires Smith Gambrell & Russell as Special Counsel
--------------------------------------------------------------
Rebel Steel Ventures & Erect, Inc. seeks approval from the U.S.
Bankruptcy Court for the Northern District of Georgia to employ
Smith, Gambrell & Russell, LLP as special counsel.

The Debtor needs the firm's legal assistance in connection with a
case captioned as Hand et al. v. Maria England, Civil Action No.
21-cv-6060, pending in the Superior Court of Dekalb County,
Georgia.

The firm will be paid at these rates:

     Michael F. Holbein     $475per hour
     Maureen P. McAneny     $425 per hour
     Associate attorney     $400 per hour

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Michael F. Holbein, Esq., a partner at Smith, Gambrell & Russell,
LLP, disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     Michael F. Holbein, Esq.
     Smith, Gambrell & Russell, LLP
     1105 W. Peachtree St. N.E. Suite 1000
     Atlanta, GA 30309
     Tel: (404) 815-3500
     Fax: (404) 815-3509

              About Rebel Steel Ventures and Erect, Inc.

Rebel Steel Ventures & Erect, Inc. sought protection under Chapter
11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 24-20535)
on May 7, 2024, with up to $50,000 in assets and up to $1 million
in liabilities.

William A. Rountree, Esq., at Rountree Leitman Klein & Geer, LLC
represents the Debtor as legal counsel.


RED OAK: Moody's Rates New $295MM Secured Bank Loans 'Ba3'
----------------------------------------------------------
Moody's Ratings has assigned a Ba3 rating to Red Oak Power, LLC's
senior secured bank credit facilities. The outlook is stable.

The senior secured credit facilities will consist of a $260 million
senior secured term loan B due 2030 and a $35 million senior
secured revolving credit facility maturing in 2029.

The proceeds of the 6-year term loan will be principally used to
repay Red Oak's existing debt and fund related transaction costs.
The 5-year revolving credit facility will be used to support a debt
service reserve requirement and provide additional liquidity for
the project's operations.

RATINGS RATIONALE

The Ba3 rating reflects the project's strong operating track
record, the strength of its location in a  capacity-constrained
region and a prudent hedging strategy, offset by its exposure to
the wholesale merchant power market, single asset risk, and
moderately high financial leverage.

Red Oak's credit profile is supported by its very strong operating
history, underpinned by its consistently low equivalent demand
forced outage rate (EFORd) at 0.1%-0.2% in 2020-23. Its
availability was above 95%, except for 2023, when a planned
maintenance outage was occurred over the period. As a result of its
strong operating history, Red Oak benefits from a 1.07 performance
factor for PJM Interconnection, L.L.C.'s (PJM) 2025/26 capacity
auction and 1.08 for the 2026/27 auction, indicating the
consistently strong plant operating performance. The project's heat
rate ranges between 7.1-7.2 million British thermal unit (MMBtu)
per megawatt-hour (MWh) over the last 3-4 years, which is about 10%
higher than the newest PJM gas plants but still very competitive to
most other PJM fossil fuel plants and in line with the plant's
original design.

The plant is located within PJM's EMAAC zone, whose capacity
auctions have historically priced at a premium to RTO pricing
because of capacity constraints, supporting Red Oak's credit
quality. While most of PJM, including the EMAAC zone, priced at a
same very high level of $270/MW-day in the most recent PJM capacity
auction for 2025/26, Moody's expect the project's location to have
the potential to remain a capacity-constrained zone as reserve
margins likely continue to be tight owing to load growth and asset
retirements in the region.

While there is no specific hedge requirement under the proposed
term loan, Moody's understand that Red Oak plans to hedge up to 60%
of its capacity for the next five years to the extent that the
market dynamics allow this level of forward hedging. In that
regard, Moody's base case assumes the project is able to implement
this hedge strategy to the extent plausible, providing future cash
flow predictability. This hedging strategy will need to address
ongoing compliance costs under Regional Greenhouse Gas Initiative
(RGGI), which narrow hedging margins.

Because of these market dynamics, Red Oak's credit profile
considers its inherent exposure to net energy margins for unhedged
capacity, which can be affected by volatility of power and gas
prices, and rising RGGI prices. Although Moody's expect power
prices to be supported by growing electricity demand stemming from
digital infrastructure such as data centers and electrification
trends as well as the impact to generation supply owing to
scheduled plant retirements in PJM, managing margin volatility will
continue to be constraint for merchant power generators, including
Red Oak.

Moody's expect Red Oak's project cash from operations (CFO)/debt
and debt service coverage ratio (DSCR) to be 15%-20% and 2x-3x,
respectively, over the next 2-3 years. Its debt leverage will be
around $323/kW at the time of financial close, exhibiting
moderately high financial leverage. Moody's also expect such ratios
to improve over time as debt amortizes through excess cash flow
sweeps and with target debt balance requirements under the proposed
term loan.

Under Moody's base case projection, Moody's anticipate that close
to 50% of the proposed term loan will remain outstanding at
maturity in 2030, exposing the project to refinancing risk. This
degree of refinancing risk is aided by the existence of an excess
cash flow sweep and a target debt balance requirement.

The project's liquidity will be supported by a debt service reserve
account, backed by letter of credits. The $35 million revolving
credit facility will further provide the project with ongoing
liquidity, if needed.

Structural features under the proposed transaction include the
reserve account, limitations on business activities and additional
indebtedness, a security package including all property and assets,
and cash flow waterfall.

OUTLOOK

The stable outlook reflects Moody's expectation that Red Oak will
continue to operate without notable operational issues and maintain
its competitive position, enabling the project to pay down the debt
as expected. The outlook also incorporates Moody's expectation of
prudent implementation of Red Oak's hedging strategy.

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

FACTORS THAT COULD LEAD TO AN UPGRADE

The rating could be upgraded if its CFO/debt and DSCR remain above
20% and 3.0x, respectively, on a sustained basis, because of
better-than-expected margins and/or more-than-expected debt
reduction.

FACTORS THAT COULD LEAD TO A DOWNGRADE

The rating could be downgraded if its CFO/debt or DSCR stays below
10% and 1.75x, respectively, on a sustained basis, because of
operational disruptions, weaker-than-expected margins and/or
limited debt reduction. The rating could come under pressure if the
company's hedge strategy is not properly implemented, exposing it
to incremental costs or more merchant exposure.

PROFILE

Red Oak Power, LLC owns and operates a 805MW (nameplate) combined
cycle natural gas-fired generation facility, which is located in
Sayreville, New Jersey, within PJM's EMAAC capacity zone. The
equipment includes three Siemens 501FD3 combustion turbines and one
Toshiba steam turbine. The facility commissioned its operations in
September 2002.

The project is owned by North Haven Infrastructure Partners II,
managed by Morgan Stanley Infrastructure Partners.

The principal methodology used in these ratings was Power
Generation Projects published in June 2023.


REDBOX ENTERTAINMENT: Ex-Worker Sues Owner for Mass Termination
---------------------------------------------------------------
Alex Wolf of Bloomberg Law reports that Redbox owner hit with
worker class action over mass termination.

The bankrupt owner of Redbox Entertainment Inc. was hit with a
class action complaint over its abrupt termination of some 1,000
employees following a judge's order to liquidate.

Former employee Alex Golden filed the proposed class suit against
Chicken Soup for the Soul Entertainment Inc. on Tuesday in the US
Bankruptcy Court for the District of Delaware on behalf of
“thousands of employees” who were terminated without advance
notice in July.

        About Redbox Entertainment Inc.

Redbox Entertainment Inc. operates as an entertainment company that
gives consumers access to a large variety of content across digital
and physical media. The Company operates digital streaming service
that provides both ad supported and paid movies from Hollywood
studios and content partners, as well as over 100 channels of free
ad supported streaming television (FAST). [BN]

Redbox Entertainment Inc. sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Del. Case No. 24-11457) on June 29,
2024.

The Debtor is represented by:

     Ricardo Palacio, Esq.
     Ashby & Geddes, P. A.
     ASHBY & GEDDES, P.A.
     500 Delaware Avenue, 8th Floor
     Wilmington, DE 19801
     Tel: (302) 654-1888
     Email: RPalacio@ashbygeddes.com




REDHILL BIOPHARMA: Regains Compliance With Minimum Bid Price Rule
-----------------------------------------------------------------
RedHill Biopharma Ltd. announced Sept. 5 that it received
confirmation from the Listings Qualifications Department of The
Nasdaq Stock Market LLC that the Company had regained compliance
with the minimum bid price requirement under Nasdaq Listing Rule
5550(a)(2) for continued listing on The Nasdaq Capital Market, and
is now compliant with applicable listing standards for continued
Nasdaq listing.  To regain compliance with Nasdaq Listing Rule
5550(a)(2), the Company was required to maintain a minimum closing
bid price for its American Depositary Shares of $1.00 per share or
more for at least 10 consecutive business days, which was achieved
on Sept. 3, 2024.

                     About RedHill Biopharma

RedHill Biopharma Ltd., headquartered in Tel Aviv, Israel, is a
specialty biopharmaceutical company, primarily focused on GI and
infectious diseases.

Tel-Aviv, Israel-based Kesselman & Kesselman (a member of
PricewaterhouseCoopers International Limited), the Company's
auditor since 2010, issued a "going concern" qualification in its
report dated April 8, 2024, citing that the Company has an
accumulated deficit, and management expects that the Company will
incur additional losses.  Management believes that there is
presently insufficient funding available to fund its activities for
a period exceeding one year from the date of issuance of the
consolidated financial statements. These conditions and events
indicate that a material uncertainty exists that may cast
significant doubt (or raise substantial doubt as contemplated by
PCAOB standards) about the Company's ability to continue as a going
concern.


REEF POOL: Seeks to Hire Meland Budwick P.A. as Counsel
-------------------------------------------------------
Reef Pool Builders, LLC seeks approval from the U.S. Bankruptcy
Court for the Southern District of Florida to employ Meland
Budwick, P.A. as counsel.

The firm will provide these services:

   a) advise the Debtor with respect to its powers and duties as
debtor-in-possession and the continued management of its business
operations;

   b) advise the Debtor with respect to its responsibilities in
complying with the U.S. Trustee's Operating Guidelines and
Reporting Requirements and with the rules of the Court;

   c) prepare motions, pleadings, orders, applications, adversary
proceedings, and other legal documents necessary in the
administration of this case;

   d) protect the interests of the Debtor and its estate in all
matters pending before the Court; and

   e) represent the Debtor in negotiations with its creditors and
the Subchapter V Trustee, and other parties in interest, and in the
preparation of a plan.

The firm will be paid at these rates:

     Attorneys    $325 to $795 per hour
     Paralegals   $220 to $315 per hour

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Prepetition, on August 6, 2024, the firm was paid $25,719 from the
Debtor. On the Petition Date, there was a post-petition fee
retainer of $30,000 and cost retainer of $5,000 on hand.

Daniel N. Gonzalez, Esq., a partner at Meland Budwick, P.A,
disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     Daniel N. Gonzalez, Esq.
     Meland Budwick, P.A.
     3200 Southeast Financial Center
     200 South Biscayne Boulevard
     Miami, FL 33131
     Tel: (305) 358-6363
     Tex: (305) 358-1221
     Email: dgonzalez@melandbudwick.com

              About Reef Pool Builders, LLC

Reef Pool Builders, LLC filed a petition under Chapter 11,
Subchapter V of the Bankruptcy Code (Bankr. S.D. Fla. Case No.
24-18006) on August 7, 2024, with $500,001 to $1 million in assets
and $100,001 to $500,000 in liabilities.

Judge Corali Lopez-Castro presides over the case.

Daniel N. Gonzalez, Esq., represents the Debtor as legal counsel.


REFRIGERATION TECHNOLOGIES: Hires White and Williams as Counsel
---------------------------------------------------------------
Refrigeration Technologies, LLC seeks approval from the U.S.
Bankruptcy Court for the Eastern District of Pennsylvania to employ
White and Williams LLP as counsel.

The firm will provide these services:

      a. take all necessary action to protect and preserve the
estate of the Debtor;

      b. prepare on behalf of the Debtor, as debtor-in-possession,
all necessary motions, applications, answers, orders, reports, and
papers in connection with the administration of the estate;

      c. prosecute, on behalf of the Debtor, a proposed plan of
reorganization or liquidation and all related transactions and any
revisions, amendments, etc., relating to the same; and

      d. perform all other necessary legal services in connection
with this Chapter 11 case.

The firm will be paid at these rates:

     Partners                     $500 to 950 per hour
     Associates and Counsel       $350 to 825 per hour
     Legal Assistants             $165 to 295 per hour

The firm received $60,000 prior to the Petition Date as a retainer
in advance.

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

James C. Vandermark, Esq., a partner at White and Williams LLP,
disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     James C. Vandermark, Esq.
     White and Williams LLP
     7 Times Square, Suite 2900
     New York, NY 10036-6524
     Tel: (212) 244-9500

              About Refrigeration Technologies, LLC

Refrigeration Technologies, LLC, filed a Chapter 11 bankruptcy
petition (Bankr. E.D. Pa. Case No. 24-12902) on August 19, 2024.
The Debtor hires White and Williams LLP as counsel.


REPUBLIC FIRST: Hires Brian F. Doran as Chief Transition Officer
----------------------------------------------------------------
Republic First Bancorp Inc. seeks approval from the U.S. Bankruptcy
Court for the Eastern District of Pennsylvania to employ Brian F.
Doran as chief transition officer.

Mr. Doran will render these services:

     a. coordinate and consult with the Debtor's governmental
authorities, legal counsel and other outside advisors and
professionals, as necessary;

    b. review and analyze Debtor information;

    c. prepare and file any necessary reports and/or other filings;
and

    d. provide any other reasonable tasks in connection with the
operation and wind-down of the Debtor.

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

Brian F. Doran, disclosed in a court filing that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.

              About Republic First Bancorp Inc.

Republic First Bancorp, Inc. in Philadelphia, PA, sought relief
under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Pa. Case No.
24-12991) on Aug. 27, 2024, listing as much as $1 million to $10
million in both assets and liabilities. Brian F. Doran as
authorized person, signed the petition.

Judge Ashely M Chan oversees the case.

CIARDI CIARDI AND ASTIN serve as the Debtor's legal counsel.


RESIDENTIAL ADVERSITIES: Seeks to Hire Desari Jabbar as Realtor
---------------------------------------------------------------
Residential Adversities LLC, seeks approval from the U.S.
Bankruptcy Court for the Northern District of Georgia to employ
Desari Jabbar Realty Group as real estate professional.

The firm will market and sell the Debtor's real property located at
244 Eureka Drive, Atlanta, Georgia 30305.

The firm will be paid at 4 percent of the sale price.

Nekeysha Garcia, a partner at Desari Jabbar Realty Group, disclosed
in a court filing that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Nekeysha Garcia
     Desari Jabbar Realty Group
     925 Main St #104
     Stone Mountain, GA 30083
     Tel: (404) 437-9055

              About Residential Adversities

Residential Adversities, LLC is primarily engaged in leasing
buildings, dwellings, or other real estate property to others. The
Debtor owns three properties, all located in Georgia, having a
total appraised value of $2.95 million.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ga. Case No. 24-54366) on April 30,
2024, with $2,980,000 in assets and $1,182,056 in liabilities.
Lacey Murry-Bullock, member, signed the petition.

Brad Fallon, Esq., at Fallon Law, PC represents the Debtor as
bankruptcy counsel.


RITE AID CORP: Changes Legal Team as Chapter 11 Exit Nears
----------------------------------------------------------
Brian Baxter of Bloomberg Law reports that Rite Aid Corp. revises
legal team again as It approaches bankruptcy exit.

Rite Aid Corp.'s chief legal officer Thomas Sabatino Jr. has left
the bankrupt retailer after roughly a year in the role and after
the company recently won approval for a corporate restructuring
plan.

The company disclosed in an August 19, 2024 securities filing that
Christin Bassett is now its acting general counsel and corporate
secretary. Bassett, a former Reed Smith partner who was previously
named interim law head following the departure last year of former
Rite Aid legal chief Paul Gilbert, was elevated again in July,
according to her LinkedIn profile and the pharmacy chain's
website.

Sabatino's name was removed from the management page on Rite Aid's
website that same month and replaced by Bassett, who was hired by
the company as its head of litigation in 2021 and subsequently
promoted to deputy general counsel. Bassett, Sabatino, and Rite Aid
didn't respond to requests for comment.

Sabatino joined Rite Aid in June 2023 after a long career in top
legal jobs at leading US public companies such as Aetna Inc.,
Baxter International Inc., Hertz Global Holdings Inc.,
Schering-Plough Corp., Tenneco Inc., United Airlines Inc., and
Walgreens Co. He and Bassett worked together at Aetna, which was
sold for $68 billion in 2019 to Rite Aid rival CVS Health Corp.

Rite Aid noted Sabatino's four decades of legal expertise in
recruiting him last year to lead its legal team ahead of a Chapter
11 filing by the drugstore giant in October 2023. Sabatino's
biography on the website for the International Institute for
Conflict Prevention and Resolution, a nonprofit on whose board he
serves, now lists him as a retired legal chief who most recently
worked at Rite Aid.

The Philadelphia-based company has overhauled its in-house legal
ranks and outside counsel roster in recent years, cutting ties to
two Big Law firms connected to Rite Aid executives. Rite Aid is
also now closing more than 500 stores and recently raised $391
million from the sale of its Elixir pharmacy benefit manager
business as the company reorganizes its operations.

Rite Aid, which retained Kirkland & Ellis as lead bankruptcy
counsel as it sought to avoid mounting liabilities linked to opioid
prescriptions, dodged liquidation in late June by finalizing a plan
to shed $2 billion in debt and award control of the company to key
creditors. That same month Rite Aid experienced a data breach
affecting 2.2 million customers, leading it to hire Holland &
Knight to handle related litigation that was consolidated this week
in Pennsylvania.

In June, some Rite Aid lenders scrutinized a $20 million payment
due to chief executive officer and restructuring officer Jeffrey
Stein, who already makes $300,000 per month in consulting fees and
stands to receive an additional "success fee" when the company
emerges from insolvency.

Stein and Kirkland restructuring partners Edward Sassower and
Joshua Sussberg didn't respond to comment requests. Nor did Michael
Sirota, co-managing partner of Cole Schotz, which is serving as
bankruptcy co-counsel to Rite Aid.

               Bankruptcy Bills

Rite Aid's bankruptcy docket in Trenton, New Jersey, shows that at
least 10 law firms—some of whom have been urged by creditors to
cut their legal bills—have been busy advising various parties in
the case during the last 10 months. Kirkland and Cole Schotz have
respectively earned almost $38.4 million and $869,000 as bankruptcy
co-counsel to Rite Aid, according to court filings.

Wilson Sonsini Goodrich & Rosati and Kobre & Kim, which are
advising Rite Aid directors, have been paid roughly $1.2 million
apiece. Milbank's tab for Rite Aid affiliate Thrifty Payless Inc.
stands at $412,600, while Katten Muchin Rosenman has earned about
$2.7 million as counsel to subsidiary Hunter Lane LLC.

Kramer Levin Naftalis & Frankel and Kelley Drye & Warren received
nearly $10.2 million and $1.4 million, respectively, as co-counsel
to an official committee of unsecured creditors. Akin Gump Strauss
Hauer & Feld, counsel to an official committee of tort claimants,
has earned more than $12.1 million. Moorestown, New Jersey-based
Sherman, Silverstein, Kohl, Rose & Podolsky has received almost
$253,000 as local counsel to that committee.

               About Rite Aid Corp.

Rite Aid -- http://www.riteaid.com-- is a full-service pharmacy
that improves health outcomes. Rite Aid is defining the modern
pharmacy by meeting customer needs with a wide range of vehicles
that offer convenience, including retail and delivery pharmacy, as
well as services offered through our wholly owned subsidiaries,
Elixir, Bartell Drugs and Health Dialog. Elixir, Rite Aid's
pharmacy benefits and services company, consists of accredited mail
and specialty pharmacies, prescription discount programs and an
industry leading adjudication platform to offer superior member
experience and cost savings.  Health Dialog provides healthcare
coaching and disease management services via live online and phone
health services. Regional chain Bartell Drugs has supported the
health and wellness needs in the Seattle area for more than 130
years. Rite Aid employs more than 6,100 pharmacists and operates
more than 2,100 retail pharmacy locations across 17 states.

The Debtors sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D.N.J. Lead Case No. 23-18993) on Oct. 15, 2023.  In
the petition signed by Jeffrey S. Stein, chief executive officer
and chief restructuring officer, Rite Aid disclosed $7,650,418,000
in total assets and $8,597,866,000 in total liabilities.

Judge Michael B. Kaplan oversees the cases.

The Debtors tapped Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as general bankruptcy counsel, Cole Schotz, P.C.,
as local bankruptcy counsel, Guggenheim Partners as investment
banker, Alvarez & Marsal North America, LLC as financial, tax and
restructuring advisor, and Kroll Restructuring Administration as
claims and noticing agent.


ROCKY MOUNTAIN: American Heritage Railways Holds 13.2% Stake
------------------------------------------------------------
American Heritage Railways, Inc. and Allen C. Harper, chief
executive officer, director, and controlling shareholder of AHR,
disclosed in Schedule 13G Report filed with the U.S. Securities and
Exchange Commission that as of August 5, 2024, they beneficially
owned 1,000,000 shares of Rocky Mountain Chocolate Factory, Inc.'s
common stock, representing 13.2% of the shares outstanding,
calculated based on 6,341,595 shares of common stock, par value
$0.001 per share outstanding as of July 15, 2024, as reported in
the Form 10-Q for the fiscal quarter ended May 31, 2024, of Rocky
Mountain, plus 1,250,000 shares of common stock, par value $0.001
per share outstanding issued by Rocky Mountain on August 5, 2024,
as reported in Form 8-K filed with the U.S. Securities and Exchange
Commission on August 7, 2024.

Mr. Allen C. Harper, as the chief executive officer, a director,
and the controlling shareholder of AHR, may be deemed to have the
power to direct the voting and disposition of the shares of Common
Stock beneficially owned by AHR, and may be deemed to be the
indirect beneficial owner of such shares. Mr. Allen C. Harper
disclaims beneficial ownership of such shares for all other
purposes. Mr. Allen C. Harper owns shares of Common Stock in his
personal capacity for which he has sole power to direct the voting
and disposition of the shares of Common Stock.

A full-text copy of AHR's SEC Report is available at:

                  https://tinyurl.com/3f7wpsvt

              About Rocky Mountain Chocolate Factory

Durango, Colo.-based Rocky Mountain Chocolate Factory, Inc. is an
international franchisor, confectionery producer, and retail
operator. Founded in 1981, the Company produces an extensive line
of premium chocolate candies and other confectionery products.

As of February 29, 2024, the Company had $20.6 million in total
assets, $9.9 million in total liabilities, and $10.6 million in
total stockholders' equity.

New York, N.Y.-based CohnReznick LLP, the Company's auditor since
2024, issued a "going concern" qualification in its report dated
June 13, 2024, citing that the Company has incurred recurring
losses and negative cash flows from operations in recent years and
is dependent on debt financing to fund its operations, all of which
raise substantial doubt about the Company's ability to continue as
a going concern.


ROTI RESTAURANTS: Seeks to Hire Much Shelist as Special Counsel
---------------------------------------------------------------
Roti Restaurants, LLC and its affiliates seek approval from the
U.S. Bankruptcy Court for the Northern District of Illinois to hire
Much Shelist, P.C. as special counsel.

The specific professional services that Much will continue to
provide are general corporate counsel services in connection with
any sale and auction process that may arise relating to a sale
transaction or restructuring.

The firm will be paid at these hourly  rates:

     David Brown, Corporate Partner                 $860
     David A. Alman, Corporate Partner              $635
     Reid J. Fulkerson, Corporate Associate         $440
     Hajar Jouglaf, Corporate Associate             $430
     Scott L. David, Real Estate Partner            $740
     Jason L. LaBella, Real Estate Special Counsel  $610
     Paralegals/Support Staff                       $205 to $205

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

David Brown, Esq., a principal at Much Shelist, P.C., disclosed in
a court filing that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     David T. Brown, Esq.
     Much Shelist, P.C.
     191 North Wacker Drive, Suite 1800
     Chicago, IL 60606
     Tel: (312) 521-2754
     Cell: (312) 618-2226
     Email: dbrown@muchlaw.com

               About Roti Restaurants, LLC

Roti Restaurants own and operate fast-casual restaurants offering
Mediterranean menu with house-made meats, crisp vegetables, and
flavor-forward sauces.

Roti Restaurants, LLC and its affiliates concurrently filed
voluntary petitions for relief under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Ill. Case No. 24-12410) on August 23, 2024. The
petitions were signed by Justin Seamonds as manager. At the time of
filing, Roti Restaurants, LLC estimated $50,000 in assets and $1
million to $10 million in liabilities.

Judge Donald R Cassling presides over the case.

Michael P. Richman, Esq. at RICHMAN & RICHMAN LLC represents the
Debtors as counsel.


ROTI RESTAURANTS: Taps Richman & Richman as Bankruptcy Counsel
--------------------------------------------------------------
Roti Restaurants, LLC and its affiliates seek approval from the
U.S. Bankruptcy Court for the Northern District of Illinois to hire
Richman & Richman LLC as their counsel.

The firm's services include:

     (a) advising the Debtors with respect to their powers and
duties as debtors in possession and the continued management and
operation of its businesses and properties;

     (b) assisting the Debtors with the continuation of DIP
operations and monthly reporting requirements;

     (c) advising the Debtors and taking all necessary action to
protect and preserve the Debtors' estates, including prosecuting
actions on behalf of the Debtors, defending any actions commenced
against the Debtors, and representing the Debtors' interests in
negotiations concerning litigation in which the Debtors are
involved;

     (d) preparing amendments to bankruptcy schedules, statements
of financial affairs, and all related documents as necessary;

     (e) assisting with the preparation of a plan of reorganization
and the related negotiations and hearings;

     (f) working with the Sub V Trustee, as necessary, to
successfully reorganize the Debtors' estates;
     
     (g) preparing pleadings in connection with the chapter 11
cases, including motions, applications, answers, orders, reports,
and papers necessary or otherwise beneficial to the administration
of the Debtors' estates;

     (h) analyzing executory contracts and unexpired leases, and
the potential assumptions, assignments, or rejections of such
contracts and leases;

     (i) advising the Debtors in connection with any potential
sales of assets;

     (j) appearing at and being involved in various proceedings
before this Court or other courts to assert or protect the
interests of the Debtors and their estates;

     (k) analyzing claims and prosecuting any meritorious claim
objections; and

     (l) performing other legal services for the Debtors that may
be necessary and proper in connection with this Case.

The firm will be paid at these rates:

     Michael P. Richman, Partner      $850 per hour
     Claire Ann Richman, Partner      $775 per hour
     Eliza M. Reyes, Associate        $625 per hour
     James E. Soo, Associate          $275 per hour
     David T. Fowle, Paralegal        $195 per hour
     Law Clerks                       $195 per hour

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

The firm received from the Debtor an advance retainer of $100,000.

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

The firm can be reached through:

     Michael P. Richman, Esq.
     RICHMAN & RICHMAN LLC
     122 W. Washington Avenue, Suite 850
     Madison, WI 53703-2732
     Tel: (608) 630-8990
     Fax: (608) 630-8991

               About Roti Restaurants, LLC

Roti Restaurants own and operate fast-casual restaurants offering
Mediterranean menu with house-made meats, crisp vegetables, and
flavor-forward sauces.

Roti Restaurants, LLC and its affiliates concurrently filed
voluntary petitions for relief under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Ill. Case No. 24-12410) on August 23, 2024. The
petitions were signed by Justin Seamonds as manager. At the time of
filing, Roti Restaurants, LLC estimated $50,000 in assets and $1
million to $10 million in liabilities.

Judge Donald R. Cassling presides over the case.

Michael P. Richman, Esq. at RICHMAN & RICHMAN LLC represents the
Debtors as counsel.


RYAN SPECIALTY: S&P Rates New $500MM Senior Secured Notes 'BB-'
---------------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issue rating to Ryan
Specialty LLC's proposed $500 million senior secured notes due
2032. The recovery rating is '3' (rounded recovery estimate 50%),
indicating our expectation for meaningful recovery of principal in
the event of default.

Ryan recently upsized its revolving credit facility to $1.4 billion
from $600 million and extended the expiration date by three years
to July 2029. The company is also seeking to upsize its term loan B
to $1.7 billion, reprice, and extend the maturity by about four
years to September 2031, which S&P views as modestly beneficial to
its liquidity.

S&P expects Ryan Specialty (BB-/Stable/--) to use proceeds from the
senior secured notes and upsized term loan B to pay down borrowings
taken under the revolver that were used to partially finance the
acquisition of US Assure, resulting in a pro-forma revolver balance
of roughly $238 million.

Ryan's pro forma financial leverage for the 12 months ended June
30, 2024, including this transaction, increases to 4.4x (versus
3.0x without the deal), which is near the midpoint of our run-rate
expectation.

S&P said, "We believe the company performed well in the 12 months
through June 30, 2024. It achieved robust reported revenue growth
of 21% (mostly organic growth), to $2.28 billion from $1.89
billion, and an EBITDA margin near 29% (per our calculations),
which is in line with our expectations.

"We expect financial leverage to migrate below 4x over the next 12
months owing to sustained revenue growth and incremental margin
improvement, resulting in stronger absolute cash flow generation."



SAFE & GREEN: Issues $290K Promissory Note to 1800 Diagonal Lending
-------------------------------------------------------------------
Safe & Green Holdings Corp. disclosed in a Form 8-K Report filed
with the U.S. Securities and Exchange Commission that the Company
issued a Promissory Note in favor of 1800 Diagonal Lending LLC in
the aggregate principal amount of $290,000, and an accompanying
Note Purchase Agreement, dated August 28, 2024.

The Note was purchased by the Lender for a purchase price of
$250,000, representing an original issue discount of $40,000. A
one-time interest charge of 12% will be applied on the issuance on
the issuance date to the Principal. Under the terms of the Note,
beginning on February 28, 2025, the Company is required to make
payments of accrued, unpaid interest and outstanding principal,
subject to adjustment, as follows:

     * a payment of $162,400 due on February 28, 2025,
     * a four monthly payments in the amount of $40,600 due on
March 30, 2025, April 30, 2025, May 30, 2025, and June 30, 2025.

The Company shall have a five-day grace period with respect to each
payment. Any amount of principal or interest which is not paid when
due will bear interest at the rate of 22% per annum from the due
date thereof until the same is paid. The Company has the right to
accelerate payments or prepay in full at any time with no
prepayment penalty.

Among other things, an event of default will be deemed to have
occurred if the Company fails to pay the principal or interest when
due on the Note, whether at maturity, upon acceleration or
otherwise, if bankruptcy or insolvency proceedings are instituted
by or against the Company or if the Company fails to maintain the
listing of its common stock on The Nasdaq Stock Market. Upon the
occurrence of an Event of Default, the Note will become immediately
due and payable and the Company will be obligated to pay to the
Lender, in satisfaction of its obligations under the Note, an
amount equal to 200% times the sum of the then-outstanding
principal amount of the Note plus accrued and unpaid interest on
the unpaid principal amount of the Note to the date of payment,
plus Default Interest, if any.

After an Event of Default, the Lender will have the right to
convert all or any part of the outstanding principal and unpaid
amount of the Note into shares of the Company's common stock. For a
period of one hundred eight (180) days following the Issue Date,
the conversion price will be fixed at $1.30 per share. Following
the Initial Conversion Period, the conversion price will be $0.25
per share. The Note may not be converted into shares of the
Company's common stock if the conversion would result in the Lender
and its affiliates owning an aggregate of in excess of 4.99% of the
then-outstanding shares of the Company's common stock. In addition,
unless the Company obtains shareholder approval of such issuance,
the Company shall not issue a number of shares of its common stock
under the Note, which when aggregated with all other securities
that are required to be aggregated for purposes of Nasdaq Rule
5635(d), would exceed 19.9% of the shares of the Company's common
stock outstanding as of the date of the definitive agreement with
respect to the first of such aggregated transactions. Upon the
occurrence of an Event of Default as a result of the Company being
delisted from Nasdaq, the Conversion Limitation shall no longer
apply.

So long as the Company has any obligation under the Note, the
Company shall not, without the Lender's written consent, sell,
lease, or otherwise dispose of any significant portion of its
assets outside the ordinary course of business. Any consent to the
disposition of any assets may be conditioned upon a specified use
of proceeds of disposition.

                        About Safe & Green

Safe & Green Holdings Corp. is a modular solutions company
headquartered in Miami, Florida. The company specializes in the
development, design, and fabrication of modular structures,
focusing on safe and green solutions across various industries.

The Woodlands, Texas-based M&K CPAS, PLLC, the Company's auditor
since 2024, issued a "going concern" qualification in its report
dated May 7, 2024. The qualification cited net losses since
inception, negative working capital, and negative cash flows from
operations, raising substantial doubt about the Company's ability
to continue as a going concern.

Safe & Green Holdings reported net losses of $26,757,906 and
$7,089,242 for the fiscal years ended December 31, 2023, and 2022,
respectively. As of June 30, 2024, Safe & Green Holdings had
$20,928,509 in total assets, $25,717,784 in total liabilities, and
$4,789,275 in total stockholders' deficit.


SAFE & GREEN: SG Building Blocks Sells Receivables for $400,000
---------------------------------------------------------------
Safe & Green Holdings Corp. disclosed in a Form 8-K Report filed
with the U.S. Securities and Exchange Commission that on August 28,
2024, SG Building Blocks, Inc., a wholly owned subsidiary of the
Company, entered into a Cash Advance Agreement with Pawn Funding
pursuant to which SG Building Blocks sold to Merchant $599,600 of
its future receivables for a purchase price of $400,000, less
underwriting fees and expenses paid, for net funds of $360,000.

Pursuant to the Cash Advance Agreement, Merchant is expected to
withdraw $4,996.67 per day directly from SG Building Blocks' bank
account until the $599,600 due to Merchant under the Cash Advance
Agreement is paid. In the event of a default, Merchant, among other
remedies, can demand payment in full of all amounts remaining due
under the Cash Advance Agreement.

                        About Safe & Green

Safe & Green Holdings Corp. is a modular solutions company
headquartered in Miami, Florida. The company specializes in the
development, design, and fabrication of modular structures,
focusing on safe and green solutions across various industries.

The Woodlands, Texas-based M&K CPAS, PLLC, the Company's auditor
since 2024, issued a "going concern" qualification in its report
dated May 7, 2024. The qualification cited net losses since
inception, negative working capital, and negative cash flows from
operations, raising substantial doubt about the Company's ability
to continue as a going concern.

Safe & Green Holdings reported net losses of $26,757,906 and
$7,089,242 for the fiscal years ended December 31, 2023, and 2022,
respectively. As of June 30, 2024, Safe & Green Holdings had
$20,928,509 in total assets, $25,717,784 in total liabilities, and
$4,789,275 in total stockholders' deficit.


SALT LIFE: Receives Multiple Bids, Liquidates Sister Business
-------------------------------------------------------------
Steven Church of Bloomberg News reports that Beachwear brand Salt
Life to be sold and sister business liquidated.

Beachwear brand Salt Life has multiple bidders interested in
rescuing the company from bankruptcy but the company's related
active wear business will be liquidated, a lawyer said in court
Thursday, August 22, 2024.

No bidders were willing to take on all of the Delta side of the
company, attorney Jeremy R. Johnson told the judge overseeing the
company's insolvency case in Wilmington, Delaware. A limited number
of offers came in for pieces of the Delta business, not enough to
save the operations, Johnson added.

"The good news is we're not going to be canceling the auction,"
Johnson said in court.

           About Salt Life

Salt Life is a foreign limited liability company, which sells
various goods to persons throughout Florida. [BN]





SAS AB: Exits Chapter 11 Bankruptcy w/ New Chair, Fresh Capital
---------------------------------------------------------------
Christopher Jungstedt of Bloomberg Law reports that SAS emerges
from Chapter 11 with fresh capital and new chairman.

After a two-year-long bankruptcy process, Scandinavia's flagship
airline SAS AB is now under the ownership of Air France-KLM and
private equity firm Castlelake LP, with former Novo Nordisk A/S
executive Kare Schultz at the helm of its new board, according to
Bloomberg Law.

The move comes amid much overdue airline consolidation in Europe in
the wake of the Covid-19 pandemic, and a recent slowing in travel
demand. It will also shore up Air France-KLM's position in the
Nordics, a reliable source of active travelers, Bloomberg Law
reports.

Exit financing transaction included a total investment in
reorganized SAS of $1.2 billion. It comprises $475 million in new
unlisted equity and $725 million in secured convertible debt,
recounts Bloomberg Law.


            About Scandinavian Airlines

SAS SAB -- https://www.sasgroup.net/ -- Scandinavia's leading
airline, with main hubs in Copenhagen, Oslo and Stockholm, is
flying to destinations in Europe, USA and Asia. In addition to
flight operations, SAS offers ground handling services, technical
maintenance, and air cargo services. SAS is a founder member of the
Star Alliance, and together with its partner airlines offers a wide
network worldwide.

SAS AB and its subsidiaries, including Scandinavian Airlines
Systems Denmark-Norway-Sweden and Scandinavian Airlines of North
America Inc., sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 22-10925) on July 5,
2022. In the petition filed by Erno Hilden, authorized
representative, SAS AB estimated assets between $10 billion and $50
billion and liabilities between $1 billion and $10 billion.

Judge Michael E. Wiles oversees the cases.

The Debtors tapped Weil, Gotshal & Manges, LLP as global legal
counsel; Mannheimer Swartling Advokatbyra AB as special counsel;
FTI Consulting, Inc. as financial advisor; Ernst & Young AB as tax
advisor; and Seabury Securities, LLC and Skandinaviska Enskilda
Banken AB as investment bankers. Seabury is also serving as
restructuring advisor. Kroll Restructuring Administration, LLC is
the claims agent and administrative advisor.

The U.S. Trustee for Region 2 appointed an official committee to
represent unsecured creditors in the Debtors' Chapter 11 cases. The
committee is represented by Willkie Farr & Gallagher, LLP.






SCHOFFSTALL FARM: Asset Sale Proceeds to Fund Plan Payments
-----------------------------------------------------------
Schoffstall Farm, LLC filed with the U.S. Bankruptcy Court for the
Middle District of Pennsylvania a Plan of Reorganization dated
August 9, 2024.

The Debtor commenced business in 2010. Since its inception, the
Debtor has been owned by Martin Schoffstall. The Debtor's business
is the retail and wholesale sales of alcohol products, wine and
beer, as well as manufacturing and production of these products.

Initially, the Debtor began operating at its location in Lower
Paxton Township, Dauphin County, Harrisburg, Pennsylvania, which is
on land owned by Mr. Schoffstall. The Debtor then added operations
on Linglestown Road, Harrisburg, Dauphin County, Pennsylvania, and
at the West Shore Farmers Market and at Arcona, both in Cumberland
County, Pennsylvania.

The Debtor does have various activities at its location, including
music events and other such events. While operations have
continued, however, because of the cash flow which has not
recovered from Covid, the Debtor determined to file Chapter 11. The
Debtor is paying its obligations post-Petition but believes that a
sale of the Assets is necessary.

Class 12 includes all other Claim holders of the Debtor who are not
otherwise classified under the Plan, including all general
unsecured creditors, and any Claims of any other party regardless
of the entry of judgments in favor of such creditors. Class 12
general unsecured creditors shall be paid a pro-rata amount of any
carve-out from the sale proceeds of the Debtor. In the event of a
sale, unsecured creditors will be paid their Claims after payment
of the allowed secured Claims of Horizon, Fulton Bank, the SBA and
Leaf and after all Class 1, Class 2 and Class 3 Claims, as may be
allowed.

A carve-out will be determined prior to closing on the sale of the
Debtor's Assets and as may be further set forth in a Sale Motion.
Such payment shall occur upon Final Distribution as determined by
the Debtor. Final Distribution will occur within a reasonable
period of time after the Effective Date or after the sale of the
Debtor's Assets.

The equity of the Debtor is held by Martin Schoffstall, the 100%
holder of the membership interest of the Debtor. The equity held by
Martin Schoffstall is to be canceled under the Plan. The Equity
Holder shall retain his equity in the Debtor only until Final
Distribution. Upon Final Distribution occurring, the equity shall
be deemed canceled.

The Debtor intends to sell its Assets. Such sale will occur within
one year of the date of confirmation of the Plan. The sale of the
Debtor's Assets may also be done at the same time as the sale of
the Real Property. The Debtor will file a Sale Motion as necessary,
with a proposed distribution.

It is intended that the sale proceeds shall be paid first to the
costs of the sale and to pay administrative professional claims and
administrative Claims under Classes 1 and 2 as shall be set forth
in the Sale Motion.

Thereafter, the sale proceeds shall be utilized to pay Horizon up
to the full amount of its allowed secured Claim, to be followed by
payment to Fulton Bank up to the full amount of its allowed secured
Claim, and then to the Small Business Administration and Leaf
Capital Funding, up to the full amounts of their respective allowed
secured Claims.

In addition, the proceeds of the sale of any Vehicles, being the
2017 Nissan NV2500, the 2018 Nissan NV2500 and the International
4300, to the extent it is a titled vehicle, which are in excess of
the proceeds payable to Ally Bank (as to the two Nissans) and to
Mitsubishi (as to the International) shall be paid to the Class 12,
unsecured general creditors, in accordance with the Plan.

A full-text copy of the Plan of Reorganization dated August 9, 2024
is available at https://urlcurt.com/u?l=QsAlSo from
PacerMonitor.com at no charge.

Counsel to the Debtor:

     Robert E. Chernicoff, Esq.
     CUNNINGHAM, CHERNICOFF
     & WARSHAWSKY, P.C.
     2320 North Second Street
     P. O. Box 60457
     Harrisburg, PA 17106-0457
     Phone: (717) 238-6570

                   About Schoffstall Farm

Schoffstall Farm, LLC, commenced business in 2010 and has been
owned by Martin Schoffstall.

The Debtor filed its voluntary petition for relief under Chapter 11
of the Bankruptcy Code (Bankr. M.D. Pa. Case No. 24-01219) 0n May
14, 2024, listing $1 million to $10 million in both assets and
liabilities. The petition was signed by Martin L. Schoffstall as
president.

Judge Henry W. Van Eck presides over the case.

Robert E. Chernicoff, Esq. at Cunningham, Chernicoff & Warshawsky,
P.C. represents the Debtor as counsel.


SEMILEDS CORP: Reduces Meeting Quorum Requirement to 33.3%
----------------------------------------------------------
SemiLEDs Corporation disclosed in a Form 8-K filed with the
Securities and Exchange Commission that it adopted an amendment to
the Company's Bylaws, effective immediately, to reduce the quorum
needed for stockholder meetings to one-third (33.33%) of the voting
power of the shares issued and outstanding and entitled to vote at
a meeting of stockholders.  The Bylaws Amendment was previously
unanimously approved by the Company's Board of Directors.

                          About SemiLEDs

Headquartered in Miao-Li County, Taiwan, R.O.C., SemiLEDs --
http://www.semileds.com-- develops, manufactures and sells light
emitting diode (LED) chips, LED components, LED modules and
systems. The Company's products are used for general specialty
industrial applications, including ultraviolet, or UV, curing of
polymers, LED light therapy in medical/cosmetic applications,
counterfeit detection, LED lighting for horticulture applications,
architectural lighting and entertainment lighting.

Diamond Bar, California-based KCCW Accountancy Corp., the Company's
auditor since 2019, issued a "going concern" qualification in its
report dated Nov. 27, 2023, citing that the Company incurred
recurring losses from operations and has an accumulated deficit,
which raises substantial doubt about its ability to continue as a
going concern.

The Company suffered losses from operations of $3.4 million and
$3.2 million and used net cash in operating activities of $984,000
and $1.5 million for the years ended Aug. 31, 2023 and 2022,
respectively.  The Company said these facts and conditions raise
substantial doubt about the Company's ability to continue as a
going concern, even though gross profit on product sales was $1.0
million for the year ended Aug. 31, 2023 compared to $1.4 million
for the year ended Aug. 31, 2022.  Loss from operations for the
three and nine months ended May 31, 2024 was $473,000 and $2.1
million, respectively.  Net cash used in operating activities for
the nine months ended May 31, 2024 was $570,000.  Moreover, at May
31, 2024, the Company's cash and cash equivalents had decreased to
$1.7 million.  Management believes that it has developed a
liquidity plan that, if executed successfully, should provide
sufficient liquidity to meet the Company's obligations as they
become due for a reasonable period of time, and allow the
development of its core business.


SHARKFIN REAL: Hires Brittany S. Herndon as Special Counsel
-----------------------------------------------------------
Sharkfin Real Estate Holdings, LLC, seeks approval from the U.S.
Bankruptcy Court for the Middle District of Florida to employ
Brittany S. Herndon as special counsel.

The firm will render evictions, writ of possessions, related
matters and other advice to assist the Chapter 11 attorney and the
applicant in the above proceedings and this case.

The firm will be paid at the rate of $300 to $400 per hour.

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

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

The firm can be reached at:

     Brittany S. Herndon, Esq.
     2400 E Commercial Blvd Suite 520
     Fort Lauderdale, FL 33308
     Tel: (954) 523-7008

              About Sharkfin Real Estate Holdings, LLC

Sharkfin Real Estate Holdings, LLC owns 28 residential properties
in Florida having a total current value of $4.83 million.

The Debtor filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 24-00814) on March 21,
2024. In the petition signed by Terri E. Widdick, manager, the
Debtor disclosed $4,858,044 in total assets and $9,340,025 in total
liabilities.

Judge Jacob A. Brown oversees the case.

Bryan K. Mickler, Esq., at the Law Offices of Mickler & Mickler,
LLP represents the Debtor as bankruptcy counsel.


SHELSON NATURAL: Hires James E. Rutkowski as Accountant
-------------------------------------------------------
Shelson Natural Health, LLC seeks approval from the U.S. Bankruptcy
Court for the Eastern District of Michigan to employ James E.
Rutkowski, CPA, P.C. as accountant.

The firm will provide these services:

     a. provide accounting services to the Debtor to assist them in
providing accurate monthly financial reports to the Court;

     b. advise and consult in connection with Debtor's pursuit of a
plan of reorganization;

     c. prepare income and expense projections for use with the
Debtor's plan of reorganization; and

     d. perform all other accounting services for the Debtor that
may be necessary during the pendency of this case.

The firm will be paid at these rates:

     James E. Rutkowski, CPA     $375 per hour
     Support staff               $165 per hour

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

James E. Rutkowski, CPA, a partner at James E. Rutkowski, CPA,
P.C., disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

      James E. Rutkowski, CPA
      James E. Rutkowski, CPA, P.C.
      175 Orval St., Unit A
      Sandusky, MI 48471
      Tel: (586) 703-1557
      Email: rutkocpa@hotmail.com

              About Shelson Natural Health, LLC

Shelson Natural Health, LLC offers a wide range of services
including herbal tinctures, homeopathy, supplements, and vitamins.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Mich. Case No. 24-20907) on July 25,
2024, with $100,000 to $500,000 in assets and $1 million to $10
million in liabilities. Matthew J. Shelson, sole member, signed the
petition.

Judge Daniel S. Oppermanbaycity presides over the case.

Zachary R. Tucker, Esq. at Winegarden, Haley, Lindholm, Tucker &
Himelhoch represents the Debtor as legal counsel.


SHELSON NATURAL: Hires Winegarden Haley Lindholm as Counsel
-----------------------------------------------------------
Shelson Natural Health, LLC seeks approval from the U.S. Bankruptcy
Court for the Eastern District of Michigan to employ Winegarden,
Haley, Lindholm, Tucker & Himelhoch, P.L.C to handle its Chapter 11
proceedings.

Zachary R. Tucker, Esq., the main attorney handling the Debtor's
Chapter 11 case, will be paid at the rate of $300 per hour.

The firm holds the sum of $5,000 as a retainer.

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

The firm can be reached through:

     Zachary R. Tucker, Esq.
     Winegarden, Haley, Lindholm, Tucker & Himelhoch, P.L.C.
     9460 S. Saginaw Rd, Suite A
     Grand Blanc, MI 48439
     Telephone: (810) 579-3600
     Email: ztucker@winegarden-law.com

              About Shelson Natural Health, LLC

Shelson Natural Health, LLC offers a wide range of services
including herbal tinctures, homeopathy, supplements, and vitamins.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Mich. Case No. 24-20907) on July 25,
2024, with $100,000 to $500,000 in assets and $1 million to $10
million in liabilities. Matthew J. Shelson, sole member, signed the
petition.

Judge Daniel S. Oppermanbaycity presides over the case.

Zachary R. Tucker, Esq. at Winegarden, Haley, Lindholm, Tucker &
Himelhoch represents the Debtor as legal counsel.


SHINING WAY: Hires Larry A. Vick as Legal Counsel
-------------------------------------------------
Shining Way Esthetics, LLC seeks approval from the U.S. Bankruptcy
Court for the Southern District of Texas to employ Larry A. Vick as
Counsel.

The firm's services include:

     a. analyzing of the financial situation, and rendering advice
and assistance to the Debtor;

     b. advising the debtor with respect to its rights, duties, and
powers as a debtor in this case;

     c. representing the debtor at all hearings and other
proceedings;

     d. preparing and filing of all appropriate petitions,
schedules of assets and liabilities, statement of affairs, motions,
and other legal papers as necessary to further the Debtor's
interest and objectives;

     e. representing the Debtor at any meeting of creditors and
such other services as may be required during the course of the
bankruptcy proceedings;

     f. representing the Debtor in all proceedings before the Court
and in any other judicial or administrative proceedings where the
rights of the Debtor may be litigated or otherwise affected;

     g. preparing and filing of a Disclosure Statement and Chapter
11 Plan of Reorganization.

     h. assisting the Debtor in analyzing the claims of the
creditors and in negotiating with such creditors;

     i. assisting the Debtor in any matters relating to or arising
out of the captioned case;

     j. prosecuting and, as the case may be, defending Debtor in
litigation as attorney for the Debtor in Possession.

Mr. Vick, the lead attorney handling the case will be paid $450 per
hour.

Mr. Vick received a pre-petition retainer in the amount of
$10,000.

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

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

The firm can be reached at:

     Larry A. Vick, Esq.
     13501 Katy Freeway, Suite 1460
     Houston, TX 77079
     Tel: (832) 413-3331
     Fax: (832) 202-2821
     Email: lv@larryvick.com

              About Shining Way Esthetics, LLC

Shining Way Esthetics LLC is a medical spa in Texas.

Shining Way Esthetics LLC sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 24-33555) on August
2, 2024. In the petition filed by Craig Clayton De Souza, as
managing member, the Debtor reports estimated assets between
$500,000 and $1 million and estimated liabilities between $1
million and $10 million.

The Honorable Bankruptcy Judge Eduardo V. Rodriguez oversees the
case.

The Debtor is represented by:

     Larry A. Vick, Esq.
     LARRY A. VICK
     13501 Katy Freeway, Suite 3474
     Houston TX 77079
     Tel: (832) 413-3331
     Fax: (832) 202-2821
     Email: lv@larryvick.com


SINGING MACHINE: Fails To Meet Nasdaq Listing Requirements
----------------------------------------------------------
The Singing Machine Company, Inc. disclosed in a Form 8-K Report
filed with the U.S. Securities and Exchange Commission that the
Company received a notification letter from the Listing
Qualifications Department of The Nasdaq Stock Market LLC notifying
the Company that, because the closing bid price for the Company's
common stock listed on Nasdaq was below $1.00 for the 33
consecutive trading days prior to August 26, 2024, the Company no
longer meets the minimum bid price requirement for continued
listing on The Nasdaq Capital Market under Nasdaq Marketplace Rule
5550(a)(2), requiring a minimum bid price of $1.00 per share.

The notification has no immediate effect on the listing of the
Company's common stock. In accordance with Nasdaq Marketplace Rule
5810(c)(3)(A), the Company has a period of 180 calendar days from
August 26, 2024, or until February 24, 2025, to regain compliance
with the Minimum Bid Price Requirement. If at any time before
February 24, 2025, the bid price of the Company's common stock
closes at or above $1.00 per share for a minimum of 10 consecutive
business days, Nasdaq will provide written notification that the
Company has achieved compliance with the Minimum Bid Price
Requirement.

The notification letter also disclosed that in the event the
Company does not regain compliance with the Minimum Bid Price
Requirement by February 24, 2025, the Company may be eligible for
additional time. To qualify for additional time, the Company would
be required to meet the continued listing requirement for market
value of publicly held shares and all other initial listing
standards for The Nasdaq Capital Market, with the exception of the
bid price requirement, and would need to provide written notice of
its intention to cure the deficiency during the second compliance
period, by effecting a reverse stock split, if necessary. If the
Company meets these requirements, Nasdaq will inform the Company
that it has been granted an additional 180 calendar days to regain
compliance. However, if it appears to the staff of Nasdaq that the
Company will not be able to cure the deficiency, or if the Company
is otherwise not eligible, the Staff would notify the Company that
its securities will be subject to delisting.

The Company intends to continue actively monitoring the bid price
for its common stock between now and February 24, 2025, and will
consider available options to resolve the deficiency and regain
compliance with the Minimum Bid Price Requirement.

In addition, on August 26, 2024, the Company received a
notification letter from Nasdaq indicating that the Company's
stockholders' equity as reported in its Quarterly Report on Form
10-Q for the quarterly period ended June 30, 2024, did not satisfy
the continued listing requirement under Nasdaq Listing Rule
5550(b)(1), which requires that a listed company's stockholders'
equity be at least $2,500,000. As reported in its Form 10-Q, the
Company's stockholders' equity as of June 30, 2024, was ($872,999).
The Staff's notice has no immediate impact on the listing of the
Company's common stock on Nasdaq.

In accordance with the Nasdaq Listing Rules, the Company has 45
calendar days, or until October 10, 2024, to submit a plan to
regain compliance with the Stockholders' Equity Requirement, which
the Company plans to timely submit for the Staff's consideration.
If the plan is accepted, the Staff may grant the Company an
extension period of up to 180 calendar days from the date of the
deficiency notice to regain compliance.

There can be no assurance that the Staff will accept the Company's
plan to regain compliance with the Stockholders' Equity
Requirement, or, if accepted, that the Company will evidence
compliance with the Stockholders' Equity Requirement during any
extension period that the Staff may grant. If the Staff does not
accept the Company's plan or if the Company is unable to regain
compliance within any extension period granted by the Staff, the
Staff may issue a delisting determination. The Company would at
that time be entitled to request a hearing before a Nasdaq Hearings
Panel to present its plan to regain compliance and to request an
additional 180-period to regain compliance. The request for a
hearing would stay any delisting action by the Staff.

                   About The Singing Machine Company

Headquartered in Fort Lauderdale, Fla., The Singing Machine Company
-- http://www.singingmachine.com/-- is primarily engaged in the
development, marketing, and sale of consumer karaoke audio
equipment, accessories, and musical recordings. The Company
primarily specializes in the design and production of karaoke and
music-enabled consumer products for adults and children. Its
mission is to "create joy through music."

Philadelphia, Pennsylvania-based Marcum LLP, the Company's auditor
since 2023, issued a "going concern" qualification in its report
dated April 15, 2024, citing that the Company has a significant
working capital deficiency, has incurred significant losses, and
needs to raise additional funds to meet its obligations and sustain
its operations. These conditions raise substantial doubt about the
Company's ability to continue as a going concern.

As of June 30, 2024, Singing Machine had $12,367,000 in total
assets, $13,239,000 in total liabilities, and $872,000 in total
stockholders' deficit.


SIYATA MOBILE: Appoints Campbell Becher to Board of Directors
-------------------------------------------------------------
Siyata Mobile Inc. announced Sept. 3 the appointment of Mr.
Campbell Becher to the Company's board of directors effective Sept.
1, 2024.

Following the appointment, the Board is comprised of four
directors, three of whom are independent.  Mr. Becher fills the
board seat vacated by Stephen Ospalak who resigned earlier.

Marc Seelenfreund, CEO of Siyata, commented, "Campbell is a
seasoned investment banker with years of experience in growing
small cap public companies, and we are pleased to welcome him to
the Siyata Board.  His leadership and financial expertise will be
tremendous assets to the company as we strive to further grow our
business.  We thank Stephen for his many years of dedication to
Siyata and wish him all the best in his next endeavors."

Mr. Becher currently serves as the chief executive officer of
IberAmerican Lithium.  Mr. Becher has more than 20 years of
experience in investment banking, including the founding of Byron
Capital Markets, where he served as CEO and led its sponsorship of
the Electric Metals Conference for several years and sponsored the
Industrial Minerals World Lithium Conference.  Mr. Becher currently
serves as a board member at Royal Helium Ltd. and Strategic
Minerals Europe Corp.  He previously served as a Managing Director
at Haywood Securities Inc.
                            About Siyata Mobile

British Columbia, Canada-based Siyata Mobile Inc. is a B2B global
developer and vendor of next-generation Push-To-Talk over Cellular
handsets and accessories.  Its portfolio of rugged PTT handsets and
accessories enables first responders and enterprise workers to
instantly communicate over a nationwide cellular network of choice,
to increase situational awareness and save lives.  Police, fire,
and ambulance organizations as well as schools, utilities, security
companies, hospitals, waste management companies, resorts and many
other organizations use Siyata PTT handsets and accessories.

Jerusalem, Israel-based Barzily and Co., the Company's auditor
since 2023, issued a "going concern" qualification in its report
dated April 3, 2024, citing that the Company has suffered recurring
losses from operations, high accumulated losses, outstanding bank
loan and an outstanding balance in respect of the sale of future
receipts, that raise substantial doubt about its ability to
continue as a going concern.


SMARTHOME VENTURES: Appointment of Albert Altro as Trustee OK'd
---------------------------------------------------------------
Judge Thomas Horan of the U.S. Bankruptcy Court for the District of
Delaware approved the appointment of Albert Altro as Chapter 11
trustee for Smarthome Ventures, LLC.

Mr. Altro was appointed on Aug. 22 by the U.S. Trustee for Regions
3 and 9, the Justice Department's bankruptcy watchdog overseeing
the company's Chapter 11 case.

Mr. Castro disclosed in a court filing that he has no connections
with Smarthome Ventures, the company's creditors, and other parties
involved in the company's Chapter 11 case.

                      About SmartHome Ventures

Merkury Innovations LLC, Chapford Credit Opportunities Fund, LP and
Comsource Consulting filed involuntary Chapter 11 petition (Bankr.
D. Del. Case No. 24-11640) against SmartHome Ventures, LLC (doing
business as Pepper) on August 1, 2024.

The petitioning creditors are represented by the law firms of
Bayard, P.A., Moritt Hock & Hamroff, LLP, Cross & Simon, LLC, and
Kramer Levin Naftalis & Frankel, LLP.

Judge Thomas M. Horan presides over the case.


SMG US MIDCO 2: Moody's Withdraws 'B2' CFR Following Debt Repayment
-------------------------------------------------------------------
Moody's Ratings withdrew all ratings of SMG US Midco 2, Inc. and
SMG Holdings, LLC (together, "ASM Global"). The ratings withdrawn
include the B2 corporate family rating, B2-PD probability of
default rating, B2 backed senior secured first lien bank credit
facilities ratings, and stable outlook. This rating action follows
the repayment of the company's rated debt following the acquisition
of the company. ASM Global has been acquired by Legends Hospitality
Holding Company, LLC.

RATINGS RATIONALE

Moody's have withdrawn the ratings as a result of the repayment and
termination of the rated credit facilities due 2025.

ASM Global is a leading venue management company including arenas,
convention centers, stadiums and theaters and is based in
Conshohocken, Pennsylvania.


SOLAR BIOTECH: Committee Hires Young America as Financial Advisor
-----------------------------------------------------------------
The official committee of unsecured creditors of Solar Biotech,
Inc., seeks approval from the U.S. Bankruptcy Court for the
District of Delaware to employ Young America Capital, LLC as
financial advisor.

The firm's services include:

a. Financial Advisory Services:

     a. Assisting the Committee in evaluating the Debtors' business
operations, assets, and financial condition.

     b. Providing advice and assistance in the preparation of
financial information, including cash flow projections and analyses
of liquidation scenarios.

     c. Assisting in the identification and evaluation of potential
restructuring alternatives or sale transactions.

b. Investment Banking Services:

     a. Soliciting indications of interest from potential
purchasers or investors for the sale of all or a portion of the
Debtors' assets or equity capital.

     b. Assisting the Committee in identifying and contacting
prospective purchasers, and preparing related marketing materials.

     c. Providing advice on the negotiation and structuring of any
sale transaction, including assistance with the preparation and
execution of definitive agreements.

c. Other Services:  

     a. Providing such other advisory services as may be requested
by the Committee that are customary for a financial advisor and
investment banker in Chapter 11 cases.

The firm will be paid as follows:

   a. Compensation: If one or a series of Transactions closes
during the term of this Agreement and is approved by the Bankruptcy
Court in a final non-appealable order, in each case, with a
potential purchaser or investor listed on Schedule A of this
Agreement, if a positive number, YAC may apply to the Court for
allowance and payment of an administrative claim (a "Net Cash
Transaction Fee") equal to the "Gross Cash Transaction Fee" net of
(reduced by) "Qualified Adjustments." The "Gross Cash Transaction
Fee" shall be equal to eight percent (8.0%) of the purchase price
in connection with a Transaction consummated with a Successful
Bidder, as that term is defined in the Bid Procedures, if said
Successful Bidder is included on Schedule A to the Engagement
Agreement. "Qualified Adjustments" shall be an amount equal to
eight percent (8.0%) of the sum of allowed Secured Claims. By way
of example, if the Stalking Horse Bidder is the Successful Bidder
based solely on a credit bid, YAC shall not be entitled to a Net
Transaction Fee. However, if the Stalking Horse Bidder is the
Successful Bidder based on a credit bid and a cash bid of
$4,000,000 and after the credit bid there are $1,000,000.00 of
allowed Secured Claims, the Net Cash Transaction Fee shall be
$240,000. If the Successful Bid is a $20,000,000 cash bid but
$17,000,000 of those cash proceeds are allocated to pay secured
claims (including any DIP loan) the Net Transaction Fee shall also
be $240,000. The intent is that YAC shall be entitled to 8% of any
consideration flowing to general unsecured creditors by virtue of
surfacing a buyer.

   b. Expense Reimbursement: Whether or not any Transaction occurs,
YAC shall be entitled to seek reimbursement from the Debtors for
all reasonable and documented out-of-pocket expenses incurred in
connection with the performance of its services, including travel,
lodging, meals, and communication, as provided in the Engagement
Agreement.

Peter Formanek, a Managing Partner at Young America Capital, LLC,
disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     Peter Formanek
     Young America Capital, LLC
     141 East Boston Post Road
     Mamaroneck, NY 10543
     Tel: (914) 777-0100
     Fax: (914) 698-4395

              About Solar Biotech, Inc.

Solar Biotech, Inc. and Noblegen Inc. are biotechnology companies
with nearly five years of experience in scaling biotech designs and
prototypes on a commercial scale. They provide services to
customers in the form of various phases, which are as follows: (i)
concept development; (ii) develop prototypes; (iii) optimize costs;
(iv) use prototype samples for business development and sampling;
and (v) commercialization agreements to help transfer developed
technology into commercial products. By offering a wide range of
services, the Debtors are able to successfully meet the varying
needs of its customers across the biotech market.

Solar Biotech and Noblegen filed Chapter 11 petitions (Bankr. D.
Del. Lead Case No. 24-11402) on June 23, 2024, with $10 million to
$50 million in both assets and liabilities.

Judge Laurie Selber Silverstein oversees the cases.

The Debtors tapped Porzio, Bromberg & Newman, P.C. as bankruptcy
counsel; Newpoint Advisors Corporation as financial advisor; and
Epiq Corporate Restructuring, LLC as claims and noticing 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 the law firms of The Rosner Law Group,
LLC and Brinkman Law Group, PC.


SOORMA TRUCKING: Hires Allan D. NewDelman P.C. as Counsel
---------------------------------------------------------
Soorma Trucking, LLC seeks approval from the U.S. Bankruptcy Court
for the District of Arizona to employ Allan D. NewDelman, P.C. as
counsel.

The firm will provide these services:

     (a) give Debtor legal advice with respect to all matters
related to its Chapter 11 case;

     (b) prepare legal papers; and

     (c) perform all other necessary legal services for Debtor.

The firm will be paid as follows:

     Allan D. NewDelman      $475 per hour
     Roberta J. Sunkin       $395 per hour
     Paralegal               $150 to $200 per hour

Allan NewDelman, Esq., disclosed in court filings that his firm
does not have any interest adverse to the Debtor or its estate.

The firm can be reached through:

     Allan D. NewDelman, Esq.
     Allan D. NewDelman, P.C.
     80 East Columbus Avenue
     Phoenix, AZ 85012
     Tel: (602) 264-4550
     Fax: (602) 277-0144
     Email: anewdelman@adnlaw.net

              About Soorma Trucking, LLC

Soorma Trucking, LLC is a transportation and logistics provider in
Litchfield Park, Ariz. The Debtor offers, among other services,
freight trucking, refrigerated freight trucking, expedited freight
trucking, expedited less than truckload, logistics, retail trade
trucking, and freeze protection.

Soorma Trucking filed a petition under Chapter 11, Subchapter V of
the Bankruptcy Code (Bankr. D. Ariz. Case No. 24-06706) on August
14, 2024, with $1 million to $10 million in both assets and
liabilities. Saurabh Bhatti, managing member, signed the petition.

Judge Madeleine C. Wanslee presides over the case.

Allan D. NewDelman, Esq., at Allan D. NewDelman, P.C. represents
the Debtor as legal counsel.


STAR ALLIANCE: Two Directors Quit, Replacements Named
-----------------------------------------------------
Star Alliance International Corp. disclosed in a Form 8-K filed
with the Securities and Exchange Commission that on Aug. 28, 2024,
Mr. Bryan Capelli resigned his position as a director of the
Company.  There was no known disagreement with Mr. Capelli on any
matter relating to the Company's operations, policies or
practices.

On Aug. 30, 2024, Ms. Themis Glatman resigned her position as an
officer and director of the Corporation.  There was no known
disagreement with Ms. Glatman on any matter relating to the
Company's operations, policies or practices.

                      New Directors Appointed

On Sept. 2, 2024, the Board of Directors appointed Mr. Robert O.
Mayer as a director and Compliance Officer of the Company.

Robert O. Mayer is a Partner Emeritus of Prager Metis, a member of
Prager Metis International Group.  Prior to retiring in December of
2022 he served as Co-Lead of the CFO Advisory Services.  Mr. Mayer
has over forty years of experience in the accounting profession.

Mr. Mayer's entrepreneurial spirit and innovative growth strategies
are among the many assets that he has provided to his clients.  In
1973, Mr. Mayer started his accounting career at a then big 8
accounting firm before joining an accounting firm as its second
staff person and helped the firm grow to 40 employees within five
years.  Mr. Mayer spent five years as a staff member at Prager and
Fenton.  Mr. Mayer went on to be the chief financial officer for a
Long Island company; he helped that company expand from one
location to five and increase sales from $12 million to $60 million
over five years.

Mr. Mayer has been included in Long Island Business News' "Who's
Who in Accounting" and was recognized by the publication in 2010 as
among Long Island's highest achieving "50 Around 50."

Prior to joining Prager Metis, Mr. Mayer was the managing partner
of Mayer CPAs LLP, which merged with Prager Metis in 2016.

                        About Star Alliance

Headquartered in Las Vegas, NV, Star Alliance International Corp.
is an exploration-stage company that focuses on acquisition and
development of gold mining and other mining properties worldwide,
environmentally safe technologies both in mining and other business
areas.  As of June 20, 2024, the Company has not commenced its
mining operations.  The Company anticipates starting its mining
operations in the fourth quarter of 2024.  The Company is also
exploring acquisitions of assets or majority interests in companies
related to artificial intelligence technology and in the fintech
arena acquiring proprietary software technology.  At this time, the
Company is negotiating the terms of these potential acquisitions
and once these terms are finalized, the Company will enter into one
or more definitive agreements.

The Company has an accumulated deficit of $27,383,472 as of March
31, 2024.  For the period ended March 31, 2024, the Company had a
net loss of $1,835,678 and used $252,637 of cash in operating
activities.  The Company said that these conditions raise
substantial doubt about the Company's ability to continue as a
going concern.



STAR US: S&P Assigns 'B-' Rating on New First-Lien Term Loan
------------------------------------------------------------
S&P Global Ratings assigned its 'B-' issue-level rating and '3'
recovery rating to proposed $661 million first-lien term loan
issued by Star US Bidco LLC, a subsidiary of Star UK Midco Ltd. The
U.S.-based pump and compressor manufacturer (doing business as
Sundyne) will use the proceeds to refinance its existing first-lien
term loan of the same size. The proposed debt-for-debt refinancing
is leverage neutral.

S&P said, "S&P Global Ratings-adjusted debt to EBITDA for the
company was in the mid-5x area as of June 30, 2024, and we forecast
this will fall to around 5x over the next 12 months as energy
infrastructure investment remains robust. However, our view of the
company's financial policy limits our rating. Specifically, we
incorporate the possibility it could issue debt to fund dividends,
as it did in 2022 and 2023 when leverage was roughly 6x-7.5x. To
raise our rating, we would need to believe that Sundyne's financial
policy has changed to prioritize maintaining some cushion in its
credit metrics over shareholder returns."

ISSUE RATINGS—Ratings Analysis

Key analytical factors

-- S&P's simulated default scenario considers a default in 2026
following a severe economic downturn, which delays normal equipment
repairs, decreases customer demand for upgrades and replacements,
and substantially reduces capital spending in Sundyne's end
markets.

-- S&P values Sundyne using an estimated emergence EBITDA of $88
million and an EBITDA multiple of 5x, which is consistent with
multiples it uses for its capital goods peers with similar business
risk profiles.

Simulated default assumptions

-- Year of default: 2026
-- Jurisdiction: U.S.
-- RCF: 85% drawn at default

Simplified waterfall

-- Net recovery value at default (after 5% administrative
expenses): $416 million

-- Valuation split (obligor/nonobligor): 65%/35%

-- Collateral available to secured debt: $365 million

-- Unpledged value available to deficiency and unsecured claims:
$51 million

-- Estimated first-lien debt claims: $764 million

    --Recovery expectations: 50%-70% (rounded estimate: 50%)

Note: All debt amounts include six months' prepetition interest.



STEWARD HEALTH: Wants Funds from Penn. State to Keep Hospital Open
------------------------------------------------------------------
Jonathan Randles of Bloomberg News reports that Steward Health
demands state funds to keep hospital open, Penn attorney-general
says.

Pennsylvania's top law enforcement officer accused bankrupt
hospital operator Steward Health of neglecting one of its hospitals
and threatening to close the facility if authorities don't
immediately provide $1.5 million in government funding, according
to Bloomberg Law.

Pennsylvania Attorney General Michelle A. Henry said in a Thursday,
August 22, 2024, court filing that her office is considering
Steward's request to provide Sharon Hospital support but requires
detailed financial information and more time to secure approval to
do so.

                     About Steward Health Care

Steward Health Care System, LLC owns and operates the largest
private physician-owned for-profit healthcare network in the U.S.
Headquartered in Dallas, Texas, Steward's operations include 31
hospitals in eight states, approximately 400 facility locations,
4,500 primary and specialty care physicians, 3,600 staffed beds,
and nearly 30,000 employees. Steward Health Care provides care to
more than two million patients annually.

Steward and 166 affiliated debtors filed Chapter 11 petitions
(Bankr. S.D. Tex. Lead Case No. 24-90213) on May 6, 2024. Judge
Christopher M. Lopez oversees the proceeding.

The Debtors tapped Weil, Gotshal & Manges, LLP as bankruptcy
counsel; McDermott Will & Emery as special corporate and regulatory
counsel; AlixPartners, LLP as financial advisor and John Castellano
of AlixPartners as chief restructuring officer. Lazard Freres &
Co.
LLC, Leerink Partners LLC, and Cain Brothers, a division of KeyBanc
Capital Markets Inc., provide investment banking services to the
Debtors. Kroll is the claims agent.

Susan N. Goodman is the patient care ombudsman appointed in the
Debtors' cases.


SUCCESS VILLAGE: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: Success Village Apartments, Inc.
        100 Court D
        Bridgeport CT 06610

Business Description: The Debtor is an apartment complex in
                      Bridgeport, Connecticut.

Chapter 11 Petition Date: September 6, 2024

Court: United States Bankruptcy Court
       District of Connecticut

Case No.: 24-50624

Judge: Hon. Julie A Manning

Debtor's Counsel: Andre Cayo, Esq.
                  2777 Summer St.
                  Stamford CT 06905
                  Tel: 203-517-0416
                  Email: CayoLaw@gmail.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Tyreke Bird a president.

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

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

https://www.pacermonitor.com/view/KGPNBSY/Success_Village_Apartments_Inc__ctbke-24-50624__0001.0.pdf?mcid=tGE4TAMA


SUNG HO MO: Loses Appeal in Kabe Lawsuit
----------------------------------------
The United States Court of Appeals for the Third Circuit affirmed
the dismissal by the United States District Court for the District
of New Jersey of Sung Ho Mo's appeal from the order of the United
States Bankruptcy Court for the District of New Jersey denying his
motion to disallow as untimely Kabe Capital, LLC's proof of claim.

Kabe Capital filed a breach-of-contract action against Sung Ho Mo
in New Jersey state court. Kabe claimed that it is the assignee of
a home equity line of credit secured by a note on a rental property
owned by Mo, who had defaulted on payments of principal and
interest under the note. The state court entered judgment in favor
of Kabe in the amount of $264,013.35.

Soon after, Mo filed a pro se bankruptcy petition under Chapter 11.
That filing effected a stay of the state court litigation.

In the Bankruptcy Court, Mo filed an amended list of creditors,
which included Kabe and other holders of debt secured by real
property. Mo also filed a slew of motions and adversary proceedings
to contest the debts and the creditors' related proofs of claim.
The Bankruptcy Court denied Mo's motion to disallow as untimely
Kabe's claim, in particular.

Later, Mo challenged on various grounds Kabe's capacity to enforce,
as well as the amount of, its claim. Relying on preclusion
principles, the Bankruptcy Court rejected Mo's challenge in an
order dated December 16, 2022.

Mo's appeal of the December 16, 2022 order was dismissed by the
District Court, which explained its decision in a wide-ranging
letter order entered on October 13, 2023. Mo now appeals the
October 13, 2023 order in relevant part.

Mo's opening brief makes clear that his objections to the substance
of Kabe's proof of claim, and his appeals concerning the denial of
those objections, are nothing more than an attack on the underlying
state court judgment. Mo even asks that this Court declare Kabe's
contract action in state court to be "wrongful."

The Third Circuit says, "The Bankruptcy Court and District Court
relied on preclusion principles to bat away Mo's arguments. We are
persuaded by that approach."

Accordingly, the judgment of the District Court will be affirmed.
Mo's pending motions are all denied, the Appellate Court holds.

A copy of the Court's decision dated August 30, 2024, is available
at https://urlcurt.com/u?l=6nnwhZ

Sung Ho Mo sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D.N.J. Case No. 22-14796) on June 13, 2022.



SUNG HO MO: Loses Bid to Appeal Court Ruling in HSBC Lawsuit
------------------------------------------------------------
The United States Court of Appeals for the Third Circuit affirmed
the dismissal by the United States District Court for the District
of New Jersey of Sung Ho Mo's appeal from the order of the United
States Bankruptcy Court for the District of New Jersey rejecting
his numerous motions and adversary proceedings related to the
foreclosure action initiated by HSBC Bank and Wells Fargo's proof
of claim in Mo's bankruptcy case.

At the root of this appeal is a foreclosure action initiated by
HSBC Bank on behalf of Wells Fargo against Sung Ho Mo and his wife,
non-party Dae Sung Shim, related to their residence in Northern New
Jersey.

The state court granted summary judgment to HSBC and later
authorized a foreclosure sale, but it withheld entry of final
judgment due to the onset of the COVID-19 pandemic. Final judgment
was entered around two years later.

To stop the effect of the foreclosure judgment, Mo filed a pro se
bankruptcy petition under Chapter 11. Wells Fargo, however, lodged
a proof of claim related to the foreclosure judgment, obtained
relief from the automatic stay, and pressed forward.

Meanwhile, Mo filed in the Bankruptcy Court numerous motions and
adversary proceedings, essentially seeking to relitigate issues
decided by the state court in the foreclosure action. The
Bankruptcy Court's decisions rejecting those filings were affirmed
on appeal by the District Court, mostly in an
October 13, 2023 letter order that covered nine different
bankruptcy dockets. The District Court warned Mo about frivolous
and redundant filings and enjoined him from filing anything related
to the foreclosure action or bankruptcy proceedings without first
seeking leave of court.

Proceeding pro se, Mo appeals certain aspects of the District
Court's October 13, 2023 order.

Mo's opening brief identifies multiple issues for consideration on
appeal. They all amount to challenges to the state foreclosure
judgment, or to Wells Fargo's related proof of claim.

The Third Circuit says, "Insofar as Mo seeks direct appellate
review of the state court's final judgment in the foreclosure
action, he could have, and should have, pursued that path in the
state court system; he is prohibited by the Rooker-Feldman doctrine
from doing so in the lower federal courts.  Mo's arguments are
otherwise barred by preclusion principles, for substantially the
reasons given by the Bankruptcy Court, when it granted HSBC's and
Wells Fargo's motion to dismiss one of Mo's several adversary
proceedings."

Accordingly, the judgment of the District Court will be affirmed.
Mo's pending motions are all denied, the Appellate Court holds.

A copy of the Court's decision dated August 30, 2024, is available
at https://urlcurt.com/u?l=K2LTV9

Sung Ho Mo sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D.N.J. Case No. 22-14796) on June 13, 2022.



SUNPOWER CORP: Hires Epiq Corporate as Administrative Advisor
-------------------------------------------------------------
SunPower Corporation and its affiliates seek approval from the U.S.
Bankruptcy Court for the District of Delaware to hire Epiq
Corporate Restructuring, LLC as administrative advisor.

The firm's services include:

     (a) assist with, among other things, solicitation, balloting
and tabulation of votes, and prepare any related reports, as
required in support of confirmation of a Chapter 11 plan;

     (b) prepare an official ballot certification and, if
necessary, testify in support of the ballot tabulation results;

     (c) assist with the preparation of the Debtor's 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 described in the engagement
agreement.

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

     IT / Programming                           $55 - $80
     Case Managers                              $85 - $175
     Vice Presidents/Consultants/ Directors    $185
     Solicitation Consultant                   $185
     Executive Vice President, Solicitation    $195

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

Prior to the petition date, the firm received a retainer in the
amount of $50,000 from the Debtor.

Alex Warso, a consulting director at Epiq, disclosed in a court
filing that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Alex Warso
     Epiq Corporate Restructuring, LLC
     311 S. Wacker Drive, Suite 350
     Chicago, IL 60606
     Telephone: (212) 225-9200

            About SunPower

Headquartered in Richmond, California, SunPower (NASDAQ: SPWR) --
https://www.sunpower.com/ -- is a residential solar, storage, and
energy services provider in North America. SunPower offers solar +
storage solutions that give customers control over electricity
consumption and resiliency during power outages while providing
cost savings to homeowners.

SunPower Corporation and nine of its affiliates sought protection
under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del., Lead
Case No. 24-11649) on August 5, 2024. In the petition signed by
Matthew Henry as chief transformation officer, the Debtors
disclosed total assets of $1,219,276,283 and total debts of
$1,119,141,312 as of December 31, 2023.

The Debtors have engaged Richards, Layton & Finger, P.A. and
Kirkland & Ellis LP as bankruptcy counsel. Alvarez & Marsal North
America, LLC serves as financial advisor to the Debtors. Moelis &
Company LLC acts as investment banker to the Debtors, and Epiq
Systems Inc. acts as notice and claims agent.


SUNPOWER CORP: Seeks to Hire Ordinary Course Professionals
----------------------------------------------------------
SunPower Corporation and its affiliates seek approval from the U.S.
Bankruptcy Court for the District of Delaware to hire to retain
professionals utilized in the ordinary course of business.

These OCPs have provided legal, technical, accounting, consulting,
and/or other related services to the Debtors, upon which they rely
on to manage their day-to-day operations.

The Debtors seek to pay OCPs 100 percent of the fees and expenses
incurred.

The Debtors do not believe that any of the OCPs have an interest
materially adverse to them, their estates, creditors, or other
parties in interest in connection with the matter upon which they
are to be engaged.

The OCPs' include:

  Tier 1

     Bright Labs Services, LLC
     485 Lexington Avenue, 10th Floor
     New York, NY 10017
     -- Legal Services - Data hosting and eDiscovery services for

        SEC matters

  Tier 2

     Akin Gump Strauss Hauer & Feld LLP
     Robert S. Strauss Tower
     2001 K Street Northwest
     Washington, DC 20006
     -- Legal Services - Independent counsel to the audit         
        committee

     AlixPartners LLP
     909 Third Avenue, 30th Floor
     New York, NY 10022
     -- Accounting Services - Independent accounting support       

        to the audit committee

     Botkin Chiarello Calaf PLLC
     1209 Nueces St,
     Austin, TX 78701
     -- Legal Services - Labor & Employment matters

     Deloitte Transactions And Business Analytics, LLP
     100 Kimball Dr,
     Parsippany, NJ 07054
     -- Accounting Services - HLBV Modeling development and        

        quarterly review for 9 tax equity funds' financial        

        reporting purposes

     CT Corporation System
     Lien Solutions
     Dallas, TX 75201
     -- Legal Services - Business, financial, and operational
        licenses

     Mercer (US) LLC
     1717 Main Street, Suite 4400
     Dallas, TX 75201
     -- Accounting Services - Healthcare plans advisory

     Corporation Service Company
     251 Little Falls Drive
     Wilmington, DE 19808
     -- Legal Services - Service provider for corporate governance

        filings

     Corelogic Solutions, LLC
     P.O. Box 847239
     Dallas, TX
     -- Accounting Services - Probable Maximum Loss Study
         (insurance report)

     Pirkey Barber, PLLC
     600 Congress Avenue, Suite 2120,
     Austin, TX 78701
     -- Legal Services - Manages entire trademark portfolio for
        the enterprise

     Squire & Company, PC
     1329 S 800 E
     Orem, UT 84097
     Accounting Services - Ad Hoc NetSuit

     Virtas Partners
     205 N. Michigan Ave, Suite 2600,
     Chicago, IL 60601
     -- Accounting Services - Quality of earnings report

     Joshua P. Friedman & Associates, Inc.
     23679 Calabasas Road, #377,
     Calabasas, CA 91302
     -- Legal Services -- Commercial debt collection services

  Tier 3

     Riverside Risk Capital, LLC
     519 Eighth Avenue, 26th Floor,
     New York, NY 10018
     -- Accounting Services - Quarterly interest rate swap
        valuations for SSCH financial reporting purposes (RLP)

     Hedge Trackers
     2100 E Lake Cook Rd, Ste 1100,
     Buffalo Grove, IL 60089
     -- Accounting Services - Quarterly interest rate swap
        valuations for SSCH financial reporting purposes (Dorado +

        8point3)

     Moss Adams, LLP
     8750 N Central Expy, Suite 300,
     Dallas, TX 75231
     -- Accounting Services - 401k audit advisory

     Sterne, Kessler, Goldstein & Fox, PLLC
     1100 New York Avenue, NW,
     Washington, DC 20005
     -- Legal Services - Patent attorneys

     Oblon, McClelland, Maier & Neustadt, L.L.P
     1940 Duke Street
     Alexandria, VA 22314
     -- Legal Services - Patent attorneys

     Avalara Inc. DBA Business Licenses
     21 Robert Pitt Drive, Suite 310
     Monsey, NY 10952
     Accounting Services - Tax Compliance Research

     Sikich, LLP
     1415 W. Diehl Road, Suite 400,
     Naperville, IL 60563
     -- Accounting Services - Microsoft vendor partner for
        Microsoft Dynamics (MSD) accounting G/L system + JET
        licenses

     Xsensus LLP
     200 Daingerfield Rd, Suite 201,
     Alexandria, VA 22314
     -- Legal Services - Patent attorneys

     Ogborn Mihm, LLP
     1700 Lincoln St, Suite 2700
     Denver, CO 80203
     -- Legal Services - Represents former employee at SunPower
        in SEC matters - Working under indemnification agreement

     Puno & Puno Law Offices
     33rd Floor, The Podium West Tower, 12
     ADB Ave, Ortigas Center,
     Mandaluyong, 1550, Philippines
     -- Legal Services - Philippines counsel on employment law and

        entity management

     Tee & Howe Intellectual
     Property Attorneys
     10th Floor, Tower D,  
     Minsheng Financial Center, Beijing
     -- Legal Services - Patent attorneys

            About SunPower

Headquartered in Richmond, California, SunPower (NASDAQ: SPWR) --
https://www.sunpower.com/ -- is a residential solar, storage, and
energy services provider in North America. SunPower offers solar +
storage solutions that give customers control over electricity
consumption and resiliency during power outages while providing
cost savings to homeowners.

SunPower Corporation and nine of its affiliates sought protection
under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del., Lead
Case No. 24-11649) on August 5, 2024. In the petition signed by
Matthew Henry as chief transformation officer, the Debtors
disclosed total assets of $1,219,276,283 and total debts of
$1,119,141,312 as of December 31, 2023.

The Debtors have engaged Richards, Layton & Finger, P.A. and
Kirkland & Ellis LP as bankruptcy counsel. Alvarez & Marsal North
America, LLC serves as financial advisor to the Debtors. Moelis &
Company LLC acts as investment banker to the Debtors, and Epiq
Systems Inc. acts as notice and claims agent.


TABOR MANOR: Unsecureds Will Get 5% of Claims in Plan
-----------------------------------------------------
Tabor Manor Care Center, Inc., filed with the U.S. Bankruptcy Court
for the Southern District of Iowa a Plan of Reorganization dated
August 9, 2024.

The Debtor is an Iowa Corporation, owned by Mitch Worcester, Robin
Worcester, Tim Worcester, and Vicki Worcester. The Debtor is
located in Tabor, Iowa, and is a licensed operator of a skilled
nursing facility with approximately 46 licensed beds.

The Debtor offers the following suite of services: (i) skilled
nursing; (ii) restorative nursing; (iii) respite care; (iv)
physical therapy; (v) long term care; (vi) occupational therapy;
(vii) hospice care; (viii) dementia care; (ix) Alzheimer's care;
and, (x) rehabilitation therapy. The Debtor employees a staff of
about 52 people.

During the Case, the Debtor has managed its financial affairs and
taken steps to place itself in a position where it can seek to
confirm this Chapter 11 Plan. The Debtor has filed reports with the
United States Trustee, and provided documentation establishing
appropriate post-petition insurance, and debtor in possession
account. The Debtor has worked with the appointed Patient Care
Ombudsman (the "PCO"), Jeanne Goche, to facilitate her
investigation and review of the quality of resident care provided
to the residents.

The Debtor has further worked with Glenwood State bank and taxing
authorities to arrive at a consensual repayment of pre-petition
priority and secured claims, which will permit a distribution to
unsecured creditors through this proposed Plan. The Plan is the
culmination of this effort.

The Plan contemplates a restructuring and reorganization of Tabor's
secured and unsecured debt obligations. This Plan proposes to pay
the Debtor's Creditors from monies that the Debtor has accumulated
during its Chapter 11 case and funds from the Debtor's future
income. The Debtor will continue to remain in possession of all
property of the Estate.

Class 5 Claims include the Allowed General Unsecured Claims of
Creditors with claims of $1,000 or less, and the Allowed General
Unsecured Claims of Creditors in excess of $1,000, who "opt in" and
consent to Class 5 treatment of their claim and waive the balance
of their claim in excess of $1,000. Class 5 Creditors with either
(x) prepetition Allowed Claims of $1,000 or less or (y) which will
reduce claims to $1,000 will be paid 100% of their Allowed Claim
within 90 days following the Effective Date. Class 5 Claims are
Impaired by the Plan.

Class 6 Claims consist of the Allowed General Unsecured Claims of
the Debtor's creditors. Class 6 Creditors will receive 5% of their
Allowed Claim. Class 6 Claims are Impaired by the Plan. Each Holder
of a General Unsecured Class 6 Claim is entitled to vote to accept
or reject the Plan.

Class 7 consists of Equity Interests of the shareholders of the
Debtor. The Equity Interests of the shareholders of the Debtor will
be unaffected by the Plan and will retain their Equity Interests.
Class 7 is Unimpaired and is deemed to have accepted the Plan.

Payments and distributions to creditors under the Plan will be
funded from the use of cash on hand and the operation of its
skilled nursing home facility.

A full-text copy of the Plan of Reorganization dated August 9, 2024
is available at https://urlcurt.com/u?l=WoD2oM from
PacerMonitor.com at no charge.

General Reorganization Counsel for the Debtor:

     Jeffrey D. Goetz, Esq.
     Brennan B. Eddie, Esq.
     Dickinson, Bradshaw, Fowler & Hagen P.C.
     801 Grand Ave. #3700
     Des Moines, IA 50309
     Tel: (515) 243-4191

                 About Tabor Manor Care Center

Tabor Manor Care Center, Inc., provides skilled nursing and
complementary and ancillary health care services in Fremont County,
Iowa counties. Tabor has approximately 46 beds in its Skilled
Nursing Facility.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Iowa Case No. 24-00636-lmj11) on May
8, 2024. In the petition signed by Chris Worcester, assistant
administrator, the Debtor disclosed up to $10 million in both
assets and liabilities.

Jeffrey D. Goetz, Esq., at Dickinson, Bradshaw, Fowler & Hagen, PC,
is the Debtor's legal counsel.


TEGNA INC: Lauren Fisher Departs as Senior VP, Chief Legal Officer
------------------------------------------------------------------
TEGNA Inc. disclosed in a Form 8-K Report filed with the U.S.
Securities and Exchange Commission that the Board of Directors of
the Company determined that Lauren S. Fisher, the Company's Senior
Vice President and Chief Legal Officer will cease serving in her
role and will leave the Company, effective as of September 6, 2024.


Ms. Fisher's separation from the Company is without cause and she
will be entitled to receive a severance payment in accordance with
the Company's Executive Severance Plan, as filed with the
Securities and Exchange Commission and described in the Company's
Proxy Statement filed with the SEC on March 11, 2024.


                           About TEGNA

Headquartered in Tysons Corner, Virginia, TEGNA Inc. (NYSE: TGNA)
is an American publicly traded broadcast, digital media and
marketing services company. It was created on June 29, 2015, when
the Gannett Company split into two publicly traded companies.

TEGNA reported a net income of $476.7 million attributable to the
Company for the year ended December 31, 2023, compared to a net
income of $630.5 million attributable to the Company for the year
ended December 31, 2022. As of June 30, 2024, TEGNA had $7.1
billion in total assets, $4.3 billion in total liabilities, and
$2.8 billion in total equity.

Egan-Jones Ratings Company, on January 16, 2024, maintained its
'CCC+' foreign currency and local currency senior unsecured ratings
on debt issued by TEGNA Inc.


TERVIS TUMBLER: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: Tervis Tumbler Company
        201 Triple Diamond Blvd
        N Venice, FL 34275

Business Description: Tervis is a third-generation American-owned
                      and -operated company, renowned for the
                      durable construction of its drinkware, the
                      timelessness of its decorations & designs,
                      and the insulation qualities.

Chapter 11 Petition Date: September 5, 2024

Court: United States Bankruptcy Court
       Middle District of Florida

Case No.: 24-05274

Judge: Hon. Roberta A Colton

Debtor's Counsel: Steven M. Berman, Esq.
                  STEVE BERMAN
                  101 East Kennedy Blvd
                  Tampa, FL 33602
                  Email: sberman@shumaker.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Hosana Fieber as president/CEO.

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

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

https://www.pacermonitor.com/view/IEPE2DQ/Tervis_Tumbler_Company__flmbke-24-05274__0001.0.pdf?mcid=tGE4TAMA


TEXAS SOLIDS: Hires Lane Law Firm PLLC as Counsel
-------------------------------------------------
Texas Solids Control Services, LLC seeks approval from the U.S.
Bankruptcy Court for the Western District of Texas to employ Lane
Law Firm, PLLC as counsel.

The firm will provide these services:

     a. assist, advise and represent the Debtor relative to the
administration of the chapter 11 case;

     b. assist, advise and represent the Debtor in analyzing the
Debtor's assets and liabilities, investigating the extent and
validity of lien and claims, and participating in and reviewing any
proposed asset sales or dispositions;

     c. attend meetings and negotiate with the representatives of
the secured creditors;

     d. assist the Debtor in the preparation, analysis and
negotiation of any plan of reorganization and disclosure statement
accompanying any plan of reorganization;

     e. take all necessary action to protect and preserve the
interests of the Debtor;

     f. appear, as appropriate, before this Court, the Appellate
Courts, and other Courts in which matters may be heard and to
protect the interests of Debtor before said Courts and the United
States Trustee; and

     g. perform all other necessary legal services in these cases.

The firm will be paid at these rates:

     Robert C. Lane, Partn           $595 per hour
     Joshua D. Gordon                $550 per hour
     Associate                       $425 to $500 per hour
     Paralegals/legal assistants      $150 to $250 per hour

The firm received payments for its retainer in the amount of
$35,000.

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Robert C. Lane, Esq., a partner at The Lane Law Firm, PLLC,
disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     Robert C. Lane, Esq.
     The Lane Law Firm, PLLC
     6200 Savoy, Suite 1150
     Houston, TX 77036
     Tel: (713) 595-8200
     Fax: (713) 595-8201
     Email: notifications@lanelaw.com

              About Texas Solids Control Services, LLC

Texas Solids Control Services, LLC in San Antonio, TX, sought
relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Tex.
Case No. 24-51646) on Aug. 28, 2024, listing $66,391 in assets and
$2,141,783 in liabilities. Adrian Mendenhall as owne, signed the
petition.

Judge Michael M Parker oversees the case.

THE LANE LAW FIRM serve as the Debtor's legal counsel.


TILI LOGISTICS: Hires Bookkeeping Repair LLC as Bookkeeper
----------------------------------------------------------
Tili Logistics Corporation seeks approval from the U.S. Bankruptcy
Court for the Southern District of California to employ Bookkeeping
Repair, LLC as bookkeeper.

The firm will provide these services:

      a. accurately code transactions pursuant to GAAP guidelines
so that company management can track company performance and, based
on that performance, make the decisions necessary to ensure that
the company is profitable; and

     b. prepare monthly financial statements including, but not
limited to, profit and loss statements and a balance sheet. In
addition to providing guidance to company management, these
documents are required as attachments to the Monthly Operating
Reports.

The firm will be paid at these rate of $48 per hour.

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Ashley Klein, a partner at Bookkeeping Repair, LLC, disclosed in a
court filing that the firm is a "disinterested person" as the term
is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

      Ashley Klein
      Bookkeeping Repair, LLC
      3435 Camino Del Rio S. Ste. 322
      San Diego, CA 92108
      Telephone: (619) 777-2665
      Facsimile: (619) 672-7059
      Email: ashley@bookkeepingrepair.com

              About (Tili Logistics Corporation

Tili Logistics Corporation is a trucking company in San Diego,
California.

Tili Logistics Corporation sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. S.D. Cal. Case No. 24-02128) on June
8, 2024. In the petition signed by Sergio Casas-Silva, Jr., as
executive vice president, the Debtor reports estimated assets
between $100,000 and $500,000 and estimated liabilities between $1
million and $10 million.

Honorable Bankruptcy Judge Christopher B. Latham oversees the
case.

The Debtor is represented by:

     Steven E. Cowen, Esq.
     S.E. COWEN LAW
     333 H St. Ste. 5000
     Chula Vista, CA 91910
     Tel: (619) 202-7511
     E-mail: cowen.christian@secowenlaw.com


TRANSDIGM INC: Moody's Rates New 1st Lien Term Loan Due 2032 'Ba3'
------------------------------------------------------------------
Moody's Ratings assigned Ba3 ratings to TransDigm Inc.'s new backed
senior secured first lien term loan B due 2032 and its new backed
senior secured notes due 2033. The B1 Corporate Family Rating,
B1-PD Probability of Default Rating, existing Ba3 backed senior
secured rating and B3 backed senior subordinate rating and the
stable outlook are unaffected by the debt issuance.

Proceeds from the new term loan and notes will aggregate $3.0
billion before issuance costs. TransDigm will use the net proceeds
plus cash on hand to fund its latest special dividend to
shareholders, in this case, in an aggregate amount in excess of $3
billion.

TransDigm reported strong results for the third quarter and first
nine months of the current fiscal year ending September 30, 2024.
The company's current guidance for fiscal 2024 revenue now has a
midpoint of $7.9 billion, which compares to $6.6 billion for fiscal
2023. Its EBITDA guidance now stands at $4.1 billion at the
midpoint, which compares to $3.4 billion for 2023. The debt
issuance will increase debt/EBITDA by roughly half of one turn to
the mid-6x level. However, Moody's expect Transdigm's strong
earnings engine to reduce leverage to below 6.0x by the end of
fiscal 2025, absent additional acquisitions or another special
dividend.

The company will continue to grow its offerings and earnings via
its acquisition strategy. The Electron Device Business of
Communications & Power Industries and Raptor Labs Holdco, LLC are
the most recent examples. Across these two transactions, TransDigm
invested $2.0 billion during 2024. The combined annual revenue of
these two companies was just shy of $400 million. Moody's expect
the company to continue to emphasize investments that will sustain,
if not help grow, its industry-leading EBITDA margin, which, at
between 45% and 50% is very strong.

RATINGS RATIONALE

The B1 CFR reflects TransDigm's strong market position and business
model that allows it to earn outsized margins. However, the
company's aggressive financial policy defined by recurring special
dividends to shareholders, typically funded with debt, balances the
strong operating profile and constrains the rating in the single-B
category. Debt-to-EBITDA for the quarter ended June 30, 2024 was
5.9x. Moody's expect financial leverage to range between 5x and 8x
in upcoming years, as the company increases debt for large
acquisitions and for future special dividends. Nonetheless, the
incremental acquired earnings and significant margin expansion that
typically occurs at acquired businesses will help offset the higher
debt balances to alleviate sustained upwards pressure on financial
leverage.

The ratings also reflect TransDigm's strong competitive position
supported by the proprietary nature of most its products. TransDigm
maintains industry leading profitability metrics among aerospace
suppliers with EBITDA margins around 50%. The company's ratings are
also supported by a large installed base of products serving a
diverse set of platforms and channels that provide for a large
stream of recurring aftermarket demand.

TransDigm maintains very good liquidity with sizable cash balances,
strong operating cash flow and full availability on its $910
million revolver. The next debt maturity is the $2.65 billion of
5.5% senior subordinated notes due November 15, 2027. Moody's
expect that TransDigm will refinance rather than retire this
obligation.

The stable outlook reflects the company's strong business profile
and Moody's expectation for financial leverage remaining within its
historical range.

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

The ratings could be downgraded if the company's financial policy
becomes more aggressive, leading to debt/EBITDA remaining elevated
following periods when special dividends are distributed. For
example, if debt/EBITDA is sustained near 7.0x. Free cash flow to
debt being sustained in the low single-digits or sustained declines
in EBITDA margin to below 40% could also pressure the B1 rating.
There will be little upwards rating pressure as long as the company
maintains an aggressive financial policy, marked by recurring,
debt-funded dividends. The ratings could be upgraded if financial
policy is changed, such that the company adopts lower financial
leverage with debt/EBITDA being sustained below 5.5x, even when
accounting for debt-funded dividend distributions.

The principal methodology used in these ratings was Aerospace and
Defense published in October 2021.

TransDigm Inc., headquartered in Cleveland, Ohio, is a manufacturer
of engineered aerospace components for commercial airlines,
aircraft maintenance facilities, equipment manufacturers and
various agencies of the US Government. TransDigm Inc. is the
wholly-owned subsidiary of TransDigm Group Incorporated. Revenue is
approximately $7.6 billion for the twelve months ended June 30,
2024.


TRANSOCEAN LTD: To Sell Non-Strategic Assets for $342 Million
-------------------------------------------------------------
Transocean Ltd. disclosed in a Form 8-K filed with the Securities
and Exchange Commission that on Sept. 3, 2024, as part of the
Company's ongoing efforts to dispose of non-strategic assets, a
subsidiary of the Company entered into agreements with a third
party to sell the Development Driller III and associated assets for
$195 million and the Discoverer Inspiration and associated assets
for $147 million.  The Company expects the sale of these assets,
for an aggregate $342 million, will result in an estimated non-cash
charge for the third quarter 2024 ranging between $630 million and
$645 million associated with the impairment of such assets.

The transactions contemplated by the agreements are subject to
customary closing conditions and are expected to close in the third
quarter of 2024.  The Company intends to use substantially all of
the proceeds from these transactions to repay existing
indebtedness.

                          About Transocean

Transocean Ltd. is an international provider of offshore contract
drilling services for oil and gas wells.  The Company specializes
in technically demanding sectors of the offshore drilling business
with a particular focus on ultra-deepwater and harsh environment
drilling services.  Transocean owns or has partial ownership
interests in and operates a fleet of 36 mobile offshore drilling
units, consisting of 28 ultra-deepwater floaters and eight harsh
environment floaters.

Transocean reported a net loss of $954 million in 2023, a net loss
of $621 million in 2022, and a net loss of $591 million in 2021.

                            *   *   *

As reported by the TCR on Sept. 28, 2023, S&P Global Ratings raised
its issuer credit rating on offshore drilling contractor Transocean
Ltd. to 'CCC+' from 'CCC'.  S&P said, "The upgrade reflects
improved rig demand, higher day rates, and our view that there is
reduced near-term risk of a distressed debt exchange or balance
sheet restructuring."


TRILLION ENERGY: Posts $349,748 Net Income in Fiscal Q2
-------------------------------------------------------
Trillion Energy International Inc. filed its consolidated interim
financial statements for the three and six months ended June 30,
2024, and 2023, as attached to a Form 6-K filed with the U.S.
Securities and Exchange Commission, reporting a net income of
$349,748 for the three months ended June 30, 2024, compared to a
net loss of $2,224,245 for the same period in 2023.

For the six months ended June 30, 2024, the Company reported a net
income of $1,669,604, compared to a net income of $47,154 for the
same period in 2023.

As at June 30, 2024, the Company's current liabilities exceeded its
current assets by $25,776,584 (December 31, 2023 - $12,929,942) and
its accumulated deficit amounts to $43,211,242 (December 31, 2023 -
$44,880,846). In addition, for the six months ended June 30, 2024,
cash used by operating activities was $2,634,569. The Company's
continuation as a going concern is dependent upon its ability to
complete financings sufficient to meet current and future
obligations, the successful results from its business activities,
and its ability to operate profitably and generate funds. Although
the Company raised capital in current and previous reporting
periods, additional funding will be required to continue current
operations and further advance its existing oil and gas assets in
the upcoming 12 months. These factors indicate the existence of
material uncertainty which raises substantial doubt about the
Company's ability to continue as a going concern.

As of June 30, 2024, the Company has $64,131,584 in total assets,
$38,915,245 in total liabilities, and $25,216,339 in total
stockholders' equity.

A full-text copy of the Company's Report is available at:

                   https://tinyurl.com/ykwmx8u4

                      About Trillion Energy

Trillion Energy International Inc. and its consolidated
subsidiaries is a Canadian based oil and gas exploration and
production company.

Alberta, Canada-based MNP LLP, the Company's auditor, issued a
"going concern" qualification in its report dated May 7, 2024,
citing that the Company has a negative working capital position,
has accumulated deficits, and negative cash flows from operations,
which raise substantial doubt about its ability to continue as a
going concern.

Trillion Energy's net income for the year ended December 31, 2023
increased by $6,879,886 compared to the net loss for the year ended
December 31, 2022 with a net income of $758,132 recognized during
the year ended December 31, 2023, as compared to a net loss of
$6,121,754 for the year ended December 31, 2022.


TROTTA TIRES: Hires Weiss Serota Helfman Cole as Counsel
--------------------------------------------------------
Trotta Tires, II, LLC seeks approval from the U.S. Bankruptcy Court
for the Southern District of Florida to employ Weiss Serota Helfman
Cole & Bierman as counsel.

The firm will provide these services:

     a. give advice to the Debtor with respect to its powers and
duties as a Debtor-in-possession;

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

     c. prepare motions, pleadings, orders, applications, adversary
proceedings, and other legal documents necessary in the
administration of the case;

     d. protect the interest of the Debtor in all matters pending
before the court; and

     e. represent the Debtor in negotiations with its creditors in
the preparation of a plan.

The firm will be paid at these rates:

     Howard DuBosar     $650 per hour
     Paralegals         $175 per hour
     Associates         $300 to $450 per hour
     Junior Partner     $550 per hour

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Howard DuBosar, Esq., a partner at Weiss Serota Helfman Cole &
Bierman, disclosed in a court filing that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.

The firm can be reached at:

     Howard DuBosar, Esq.
     Weiss Serota Helfman Cole & Bierman
     2255 Glades Road, Suite 200E
     Boca Raton, FL 33131
     Tel: (561) 835-2111

              About Trotta Tires II, LLC

Trotta Tires is a seller of tires serving South Florida since 1995.
The Company has a wide selection of brands in its inventory
including: Hankook, Windforce, Goodyear, Michelin, Continental, and
BFGoodrich.

Trotta Tires II, LLC filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No.
24-16441) on June 27, 2024. The petition was signed by Jose M Soto,
manager. At the time of filing, the Debtor estimated $50,000 to
$100,000 in assets and $1 million to $10 million in liabilities.

Judge Peter D Russin presides over the case.

Philip J. Landau, Esq. at LANDAU LAW, PLLC represents the Debtor as
counsel.


TURF APPEAL: Unsecureds to Get Share of Income for 36 Months
------------------------------------------------------------
Turf Appeal, Inc., filed with the U.S. Bankruptcy Court for the
Western District of Oklahoma a Plan of Reorganization dated August
9, 2024.

The Debtor is a landscape maintenance company. Debtor's main source
of revenue is two contracts with military bases bases. Debtor
performs landscape services on the military bases pursuant to the
contracts.

The Debtor filed bankruptcy because Debtor was unable to meet its
financial obligations during Covid. Debtor lost significant income
because it lost employees and was unable to obtain employees during
Covid. Debtor filed bankruptcy when it did because one of Debtor's
secured creditors, Deere & Co. was attempting to replevin various
assets that Debtor uses in its course of business.

Also, Debtor was being sued by one of its unsecured creditors and
the bankruptcy case was filed on the eve of a hearing on assets.
Debtor proposes this plan of reorganization to restructure its debt
and exit bankruptcy to continue operating.

The Debtor will pay the total amount available to the estate in
liquidation, in the amount of $50,500, to its unsecured creditors
in approximately months 36 to 60 of the Plan, once Debtor pays its
secured and priority creditors in full. Therefore, the Plan
satisfies the liquidation test as to holders of unsecured claims.

This Plan of Reorganization proposes to pay Debtor’s creditors
from the revenue generated by Debtor.

The Debtor will pay the unsecured creditors $50,500 pursuant to the
liquidation test. Debtor will pay all of its projected disposable
income, if any, over 36 months to the general unsecured pool of
creditors. If Debtor has monthly disposable income during the
36-month period, it will first pay the disposable income to its
secured and priority creditors, then once the secured and priority
creditors are paid in full, Debtor will pay its disposable income
to the unsecured pool of creditors through month 36.

In the event that the unsecured creditors have not received $50,500
pursuant to the liquidation test by month 36, Debtor will pay the
remaining liquidation value to the unsecured creditors in monthly
installments through month 60 of the Plan.

Matt Doerr is 90% owner of the Debtor. Frank Flemons is 10% owner
of the Debtor. All owners will retain their equity interests in the
newly reorganized Debtor. Matt Doerr shall receive a salary in the
amount of $8,069.14 per month.

The Debtor will fund the Plan from its operations.

A full-text copy of the Plan of Reorganization dated August 9, 2024
is available at https://urlcurt.com/u?l=vg1QFx from
PacerMonitor.com at no charge.

Attorney for the Debtor:

     Gary D. Hammond, Esq.
     HAMMOND LAW FIRM
     512 NW 12th Street
     Oklahoma City, OK 73103
     Tel: (405) 216-0007
     Fax: (405) 232-6358
     Email: gary@okatty.com

                       About Turf Appeal

Turf Appeal, Inc., is a lawn care company located in Oklahoma
City.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W.D. Okla. Case No. 24-10590) on March 12,
2024, with $324,921 in assets and $1,080,537 in liabilities. Matt
Doerr, owner and president, signed the petition.

Judge Janice D. Loyd presides over the case.

Amanda R. Blackwood, Esq., at Blackwood Law Firm, PLLC, is the
Debtor's bankruptcy counsel.


TWO VINES: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------
The U.S. Trustee for Region 14 disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Two Vines Vineyards, Inc.

                     About Two Vines Vineyards

Two Vines Vineyards, Inc. sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 24-06870) on Aug.
20, 2024, listing up to $1 million in both assets and liabilities.

Chris D. Barski, Esq., at Barski Law Firm PLC serves as the
Debtor's bankruptcy counsel.


TYKARAH INFANT: Hires Law Office of James J. Rufo as Attorney
-------------------------------------------------------------
Tykarah Infant and Toddler Daycare, LLC d/b/a Mindful Munchkins
Academy seeks approval from the U.S. Bankruptcy Court for the
Southern District of New York to employ Law Office of James J. Rufo
as attorney.

The firm's services include:

     a. advising the Debtor concerning the conduct of the
administration of this bankruptcy case;

     b. preparing all necessary applications and motions as
required under the Bankruptcy Code, Federal Rules of Bankruptcy
Procedure, and Local Bankruptcy Rules;

     c. preparing a disclosure statement and plan of
reorganization; and

     d. performing all other legal services that are necessary to
the administration of the case.

The firm will be paid at these rates:

     James J. Rufo        $450 per hour
     Paralegal            $200 per hour

The firm will be paid a retainer in the amount of $9,238.

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

James J. Rufo, Esq., a partner at Law Office of James J. Rufo,
disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

      James J. Rufo, Esq.
      Law Office of James J. Rufo
      222 Bloomingdale Road, Suite 202
      White Plains, NY 10605
      Tel: (914) 600-7161
      Email: jrufo@jamesrufolaw.com

           About Tykarah Infant and Toddler Daycare, LLC
                d/b/a Mindful Munchkins Academy

Tykarah Infant and Toddler, LLC, doing business as Mindful
Munchkins Academy, filed a petition under Chapter 11, Subchapter V
of the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 24-22723) on
August 16, 2024, with up to $50,000 in assets and up to $500,000 in
liabilities.

Judge Sean H. Lane presides over the case.

James J. Rufo, Esq., at The Law Office of James J. Rufo represents
the Debtor as bankruptcy counsel.


UNITED SITE SERVICES: Reaches $300Mil. Debt-Swap Deal
-----------------------------------------------------
Eliza Ronalds-Hannon and Jill R. Shah of Bloomberg News reports
that Platinum-backed toilet company, United Site Services, gets
$300 million in debt-swap deal.

Platinum Equity's United Site Services, which calls itself the
largest provider of portable sanitation services, struck a deal
with a group of lenders for fresh cash in exchange for better terms
on their debt, according to Bloomberg Law.

The company raised $300m in the form of loans from some of its
creditors, who will exchange their existing holdings into new debt
with different terms, it announced in a statement.

USS created a new subsidiary, Vortex Opco LLC, to issue the new
debt, which includes $431m in first-lien, first-out debt, $1.66b of
first-lien, second-out term loans, and
$125m of first-lien, third-out 8% senior secured notes, Bloomberg
Law report.

              About United Site Services

United Site Services Inc. provides portable sanitation and related
site services.















URBAN CHESTNUT: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Urban Chestnut Brewing Company Inc.
        4465 Manchester Ave.
        Saint Louis, MO 63110

Business Description: Urban Chestnut is a brewer of craft
                      beer specializing in German beer and lagers
                      with a variety of beer styles from IPAs to
                      weissbiers.

Chapter 11 Petition Date: September 6, 2024

Court: United States Bankruptcy Court
       Eastern District of Missouri

Case No.: 24-43233

Debtor's Counsel: Spencer Desai, Esq.
                  THE DESAI LAW FIRM
                  13321 North Outer Forty Road
                  Suite 300
                  Chesterfield, MO 63017
                  Tel: 314-666-9781
                  Email: spd@desailawfirmllc.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by David M. Wolfe as president.

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

https://www.pacermonitor.com/view/4V4A6RY/Urban_Chestnut_Brewing_Company__moebke-24-43233__0002.0.pdf?mcid=tGE4TAMA

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

https://www.pacermonitor.com/view/4J26SBI/Urban_Chestnut_Brewing_Company__moebke-24-43233__0001.0.pdf?mcid=tGE4TAMA


USALCO LLC: S&P Assigns 'B' Issuer Credit Rating, Outlook Stable
----------------------------------------------------------------
S&P Global Ratings assigned its 'B' issuer credit rating to
U.S.-based USALCO LLC. The outlook is stable.

S&P said, "We also assigned a 'B' issue-level rating to USALCO's
proposed senior secured debt, including its $825 million term loan,
$85 million DDTL, and $150 million (undrawn) credit facility. The
recovery rating is '3', indicating our expectation for meaningful
(50%-70%; rounded estimate: 50%) recovery of principal in the event
of a default.

"The stable outlook reflects our view that revenue and earnings
will moderately increase over the next year due to stable demand
across its municipal and commercial end markets. We expect absolute
debt to remain relatively stable, with debt to EBITDA of 5.5x-6x
over the next 12 months.”

On Aug. 5, 2024, TJC L.P. entered into a definitive agreement to
acquire a controlling interest in USALCO from H.I.G. Capital in a
transaction valued at $1.5 billion. The newly rated USALCO is a
water treatment solutions platform with a customized specialty
solutions portfolio and national footprint. It specializes in the
growing market for water treatment coagulants.

S&P's ratings on USALCO reflects its market position as a leading
supplier in a niche business for specialty coagulant water
treatment solutions. The majority of the company's revenue comes
from its water treatment segment, where it specializes in potable
and wastewater treatment, as well as various water treatment
applications across the commercial, food and beverage, and
fiber/board sectors. The company also operates smaller segments
that serve catalyst customers in producing refinery and
environmental catalysts and customers in the animal health, paints,
and coatings end markets.

The company has above-average EBITDA margins. Almost half of the
company's revenue is derived from its municipal end market, where
water quality monitoring is a top priority further emphasized by
recent high-profile water contamination incidents. S&P said, "We
expect this end market to be relatively stable over the next year,
even under potentially weakening economic conditions. Additionally,
our assessment considers the company's high leverage,
financial-sponsor ownership, and small overall scale."

USALCO benefits from its somewhat stable end market demand,
recurring customer base, and high barriers to entry. S&P said, "We
expect its water treatment segment to demonstrate some resilience
even if economic growth slows over the next year. We believe demand
for specialty coagulants will be somewhat stable because many of
USALCO's customers view such applications as nondiscretionary. We
expect coagulants will be an important component for municipalities
to meet new PFAS requirements, to address water scarcity issues
driving the shift to surface water from ground water, and for water
reuse requiring greater coagulant utilization. Furthermore,
increasingly strict water regulations on the reuse and discharge
requirements of wastewater and potable water will benefit USALCO's
niche position. Moreover, water treatment markets do not
necessarily follow typical business or economic cycles."

USALCO has a track record of winning state and provincial contracts
in North America, competing against mostly smaller regional
players. It generally extends these bids yearly with high customer
retention and long-term relationships. In water treatment, the
company benefits from its logistical and manufacturing capacity
within each of its regional markets. Local facilities allow it to
meet customer needs and deliveries in a timely manner.

USALCO faces several credit risks. USALCO's municipal contracts
generally only last one year, which forces the company to
continually rebid to maintain its customer base. Furthermore, there
is risk to short-term EBITDA margins of municipal contracts given
price is fixed for most of these contracts. That said, the company
mitigates risk to its margins by locking in most key raw material
inputs for 1+ year terms. S&P also would expect the company to
utilize its favorable market position in its regional markets to
pass through price increases, albeit with a lag. Relative to the
universe of chemical companies it rates, USALCO is a niche
business, with somewhat limited scale and scope, and earnings
concentrated mainly in a narrow product category--specialty
coagulants.

The company faces key financial risks, including its high debt to
EBITDA of around 6x on a weighted-average basis over the next two
years, as well as its financial-sponsor ownership. Relative to some
of its peers, USALCO has a much smaller scale and scope of
operations, which makes the company vulnerable to fluctuations in
demand. Furthermore, over the next 12 months, USALCO's earnings
could decline given our forecast for potentially softer economic
growth in the U.S. S&P said, "We anticipate leverage will remain
high at 5.5x-6x. Our rating also considers the company's ownership
by private equity and a potential, in our view, for aggressive
leveraging actions."

S&P said, "The stable outlook on USALCO reflects our expectation
the company's credit measures will remain 5.5x-6x over the next
12-24 months. Our outlook reflects the company's specialized
products, which cater to relatively recession-resilient water
treatment end markets, leading to gradual EBITDA margin improvement
and sustained free cash flow generation. Our outlook also
incorporates the company's disciplined financial policy related to
acquisitions and shareholder rewards."

S&P could lower its ratings on USALCO over the next year if its
leverage begins to trend higher, such that debt to EBITDA exceeds
6.5x with no near-term remedy, or its liquidity weakens. This could
occur if:

-- End-market demand weakens, reducing volumes; or

-- The company pursues additional debt-financed acquisitions or
shareholder rewards that increase leverage materially.

S&P could raise its rating on USALCO if:

-- Operating performance exceeds our expectations such that, on a
pro forma basis, weighted-average S&P Global Ratings-adjusted debt
to EBITDA falls and sustains below 5x. This could occur if global
growth and end-market demand is stronger than we currently
anticipate;

-- Liquidity sources remain 1.2x its uses; and

-- The company and the financial sponsor maintains its commitment
to financial policies and leverage that allow it to sustain
improved credit measures.



VERTEX ENERGY: Falls Short of Nasdaq's Bid Price Rule
-----------------------------------------------------
Vertex Energy, Inc. disclosed in a Form 8-K Report filed with the
U.S. Securities and Exchange Commission that the Company received
written notice from the Listing Qualifications Department of The
Nasdaq Stock Market LLC notifying the Company that it is not in
compliance with the minimum bid price requirements set forth in
Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq
Capital Market. Nasdaq Listing Rule 5550(a)(2) requires listed
securities to maintain a minimum bid price of $1.00 per share, and
Listing Rule 5810(c)(3)(A) provides that a failure to meet the
minimum bid price requirement exists if the deficiency continues
for a period of 30 consecutive business days. Based on the closing
bid price of the Company's common stock for the 30 consecutive
business days from July 18, 2024 to August 29, 2024, the Company no
longer meets the minimum bid price requirement.

The Notification Letter does not impact the Company's listing of
its common stock on the Nasdaq Capital Market at this time. The
Notification Letter states that the Company has 180 calendar days
or until February 25, 2025, to regain compliance with Nasdaq
Listing Rule 5550(a)(2). To regain compliance, the bid price of the
Company's common stock must have a closing bid price of at least
$1.00 per share for a minimum of 10 consecutive business days. If
the Company does not regain compliance by February 25, 2025, an
additional 180 days may be granted to regain compliance, so long as
the Company meets The Nasdaq Capital Market initial listing
criteria (except for the bid price requirement) and notifies Nasdaq
in writing of its intention to cure the deficiency during the
second compliance period by effecting a reverse stock split, if
necessary. If the Company does not qualify for the second
compliance period or fails to regain compliance during the second
180-day period, the Company's common stock will be subject to
delisting, at which point the Company would have an opportunity to
appeal the delisting determination to a Hearings Panel.

The Company intends to monitor the closing bid price of its common
stock and may, if appropriate, consider implementing available
options to regain compliance with the minimum bid price requirement
under the Nasdaq Listing Rules.

                        About Vertex Energy

Vertex Energy is a leading energy transition company specializing
in producing both renewable and conventional fuels. The Company's
innovative solutions are designed to enhance the performance of
customers and partners while prioritizing sustainability, safety,
and operational excellence. Committed to providing superior
products and services, Vertex Energy is dedicated to shaping the
future of the energy industry.

As of June 30, 2024, Vertex Energy had $772.4 million in total
assets, $642.8 million in total liabilities, and $129.5 million in
total stockholders' equity.

                           *     *     *
In August 2024, Fitch Ratings downgraded Vertex Energy Inc.'s
(Vertex) and Vertex Refining Alabama LLC's Long-Term Issuer Default
Ratings (IDRs) to 'CC' from 'CCC+'. Fitch has also downgraded the
rating of Vertex Refining Alabama's senior secured term loan to
'CCC-'/'RR3' from 'B-'/'RR3'.

The downgrade reflects Vertex's lack of liquidity buffers to cover
Fitch-estimated negative FCF in the near term, ongoing preparation
of a restructuring support agreement (RSA), and the management's
doubt around Vertex's ability to operate as a going concern
mentioned in its financial statements. Fitch considers a scenario
under which Vertex announces a restructuring transaction that could
be considered a distressed debt exchange (DDE) as probable.

In June 2024, S&P Global Ratings lowered its issuer credit rating
(ICR) on Vertex Energy Inc. to 'CCC' from 'B-' and its issue-level
rating on the company's term loan B (TLB) to 'CCC' from 'B'. At the
same time, S&P Global Ratings removed the ratings from CreditWatch,
where they were placed with negative implications on March 15,
2024. In addition, S&P revised its assessment of the company's
liquidity position to weak from less than adequate. S&P also
revised its recovery rating on the TLB to '3' from '2', indicating
its expectation for meaningful (50%-70%; rounded estimate: 60%)
recovery.

The negative outlook reflects the elevated risk of a default
scenario given the lack of sufficient liquidity sources to fully
repay the TLB or a concrete refinancing plan.


VICTRA HOLDINGS: Moody's Upgrades CFR & Senior Secured Notes to B1
------------------------------------------------------------------
Moody's Ratings upgraded Victra Holdings, LLC corporate family
rating to B1 from B2 and probability of default rating to B1-PD
from B2-PD. At the same time, Moody's assigned B1 ratings to the
company's proposed bank credit facility comprising a new $165
million backed senior secured first lien revolving credit facility
and a $734 million backed senior secured first lien term loan B (of
which $150 million will be new capital). The ratings on both its
existing bank credit facility and its senior secured notes were
also upgraded to B1 from B2. The outlook remains stable.

Proceeds from the proposed additional $150 million senior secured
first lien term loan B along with $50 million of cash and $50
million of revolver drawings will be used to repay, in part,
Victra's outstanding $728 million senior secured notes due February
2026. Moody's expect any remaining notes will be refinanced well
before maturity with secured debt. The rating on the existing bank
credit facility will be withdrawn at transaction close.

The upgrades reflect governance considerations, including the
company's demonstrated history of maintaining moderate leverage and
deleveraging through earnings growth and debt paydown. The upgrades
also reflect Moody's expectation that Victra will maintain solid
credit metrics (with leverage below 3.8x and interest coverage
above 2.0x) over the next 12-18 months as demand for cellphone
activations stabilizes. The upgrades also consider the company's
strong relationship with Verizon Communications Inc. (Baa1 stable),
which has a track record of supporting Victra, particularly in
times of softening demand.

RATINGS RATIONALE

Victra's B1 CFR reflects the benefits of its symbiotic relationship
with Verizon as its largest independent retailer. Victra benefits
from Verizon's substantial marketing, advertising, and promotional
support. The rating also considers the non-discretionary nature of
cellphones and Victra's beneficial relationships with the handset
manufacturers. Victra has moderate leverage, a demonstrated and
articulated focus on deleveraging and good liquidity supported by
its solid free cash flow generation and sufficient cash balances.
The company has deleveraged and realized synergies from its 2022
acquisition of Go Wireless, Inc. one of the other large independent
Verizon retailers. The ratings are constrained by Victra's reliance
on cellphone manufacturers for continued product innovation and the
risk of volatile customer demand related to new product
introductions. The rating is also constrained by the risk of
lengthening customer replacement/upgrade cycle, declines in
wireless activations and increasing competition between carriers.

The stable outlook reflects Moody's expectation that Victra will
continue to improve its operational performance as well as maintain
solid credit metrics and good liquidity over the next 12-18 months.
The outlook also reflects Moody's expectation that the 2026 notes
will be refinanced in a timely fashion and that the company will
continue with a conservative financial policy including
prioritizing deleveraging.

Marketing terms (final terms could be materially different) such as
incremental capacity and structural lender protections are expected
to be in-line with the existing bank credit facility.

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

Ratings could be upgraded if Victra increases scale and
profitability and continues to maintain a conservative financial
strategy, while maintaining very good liquidity. Quantitatively,
ratings could be upgraded if debt/EBITDA is sustained below 3.0
times and EBITA/Interest is sustained above 3.0x.

A downgrade could occur if operating performance weakens or the
company's relationship with Verizon is pressured.  A downgrade
could also occur if liquidity were to weaken or if financial
strategies become more aggressive. Inability to fully refinance the
2026 notes in a timely fashion could also lead to a downgrade.
Ratings could also be downgraded if deteriorating operating
performance resulted in debt/EBITDA above 4.0x or EBITA/Interest is
sustained below 2.0x.

Victra Holdings, LLC and subsidiaries, operating under the Victra
brand name, is the largest Verizon independent retailer. Following
the acquisition of Go Wireless Inc. in 2022, the combined company
operates approximately 1,475 stores throughout the US. The company
is owned by a consortium of investors including the company founder
and current CEO, Rich Balot, and an affiliate of the Dhanani Group.
Combined company revenue for the last twelve-month period ended
June 30, 2024 was approximately $2.96 billion.

The principal methodology used in these ratings was Retail and
Apparel published in November 2023.


WESCO DISTRIBUTION: Fitch Affirms BB+ LongTerm IDR, Outlook Stable
------------------------------------------------------------------
Fitch Ratings has affirmed WESCO International, Inc.'s and WESCO
Distribution, Inc.'s (collectively, WESCO) Long-Term Issuer Default
Ratings (IDRs) at 'BB+'. The Rating Outlook is Stable. Fitch has
also affirmed WESCO Distribution's and Anixter Inc.'s senior
unsecured notes at 'BB+'/'RR4' and WESCO International's preferred
stock at 'BB-'/'RR6'. Fitch has affirmed WESCO Distribution's ABL
facility at 'BBB-'/'RR1'.

WESCO's ratings reflect the company's scale and strong market
position in the electrical and data communication distribution
industry, free cash flow generation and Fitch's expectation that
WESCO will manage its EBITDA leverage under 3.5x as it executes on
its growth strategy including targeting small, tuck-in acquisition.
The Stable Outlook reflects Fitch's expectation that medium-term
growth will be supported by long-term secular trends, despite
near-term softness in utility and broadband customer spending.

Key Rating Drivers

Leverage Steady in 2024: Fitch expects WESCO's EBITDA leverage to
remain under 3.5x as the company's recovery in free cash flows
enables the company to pay down short-term debt, offsetting a
forecasted 4% contraction in 2024 sales. WESCO's Utility &
Broadband Solutions (UBS) business has been negatively affected by
the softness in demand by utility and broadband customers and the
divestiture of its WESCO Integrated Supply business. The company's
Communication & Security Solutions (CSS) business is expected to
remain resilient driven by robust data center demand.

Secular Trends Support Growth: Fitch is modelling WESCO's sales to
recover to about mid-single digits over the forecast period as the
company benefits from long-term secular trends including
electrification, automation and grid-modernization. Long-term
demand in industrial, non-residential construction, utility and
other end markets are expected to be robust. Fitch expects
smaller-bolt on acquisitions to complement the company's growth
profile.

FCF Margin Recovery: Fitch expects FCF margins to recover to 4% in
2024 and to be around 3% through the forecast period. WESCO is
guiding for FCF of $800 million to $1,000 billion in 2024 as the
cash conversion cycle normalize. WESCO has historically generated
stable and strong FCF, which Fitch views as a positive credit
driver. Cash generation is typically counter-cyclical for
distributors as they have the flexibility to unload inventory while
scaling back purchases in periods of downturn.

Shifting Financial Policy: Fitch believes WESCO's capital
allocation will focus on growth opportunities including M&A and
returning capital to shareholders. Fitch expects WESCO to manage
its leverage profile (EBITDA leverage) in 3.0x to 3.5x over the
next 12-24 months as the company balances its capital allocation
priorities against an EBITDA contraction in 2024 and the expected
redemption of $540 million of its preferred shares in 2025.

Fitch believes WESCO has the capacity to deliver on its current
gross leverage target range of 1.5x to 2.5x (revised from its prior
net leverage range of 2.0x to 3.5x), as EBITDA recovers and as the
company uses FCF to pay down its ABL and AR securitization
facility.

Leading North America Market Position: Fitch believes WESCO 's
leading market position in the electrical and data communication
distribution industry in North America is supportive of the credit
profile. The overall market remains highly fragmented, with few
competitors with a meaningful market share. WESCO expects to
benefit from further industry consolidation with market share gains
contributing to growth over the medium term.

Fitch expects that WESCO will further strengthen its market
position and bolster its growth through bolt-on acquisitions. Fitch
also believes there are competitive advantages, including
operational leverage and increased market position defensibility
through broad customer and supplier relationships.

Diversified Business Profile: WESCO serves a balanced mix of end
markets including industrial, construction, utilities and data
communications. The company's diversification helps offset the
cyclicality of end markets and its exposure to residential
construction is minimal. WESCO also has well-diversified product
lines, suppliers and customers. The company has about 150,000
customers with its top 10 customers accounting for just 11% of 2023
sales.

Derivation Summary

WESCO has an operating profile similar to IT focused distributors
such as Avnet, Inc. (BBB-/Stable), Ingram Micro Inc. (BB-/Positive)
and Arrow Electronics, Inc. (BBB-/Stable) with EBITDA margins in
the mid-to-high single digits and counter-cyclical free cash flow.
The company has successfully deleveraged, mainly through EBITDA
growth, following the integration of Anixter, Inc. but leverage
remains higher than Avnet, Inc. and Arrow Electronics, Inc.
Compared with more industrial-focused distributors, WESCO has
greater scale, lower profitability margins, and comparable
end-market cyclicality.

Key Assumptions

- Revenue growth pulling back in 2024 due to the divestment of the
Integrated Supply business and softness in the UBS business but
recovering to mid-single digits growth over the forecast period as
the company benefits from secular trends and bolt-on acquisitions;

- EBITDA margins sustained at 7%-8%;

- Common stock dividends of about $80 million-$90 million through
the forecast period with excess capital returned to shareholders
though share repurchases;

- FCF margins of 3%-4% over the forecast period on the back of
normalizing cash conversion cycle;

- Effective interest rate of about 6% through 2026;

- Preferred stock dividend of $57 million a year and preferred
shares redeemed when they become redeemable in 2025.

RATING SENSITIVITIES

Factors That Could, Individually or Collectively, Lead to Positive
Rating Action/Upgrade

- Commitment to a conservative capital allocation policy leading to
EBITDA leverage sustained below 3.0x, along with a debt structure
consisting mostly of unsecured debt.

Factors That Could, Individually or Collectively, Lead to Negative
Rating Action/Downgrade

- A less conservative policy leading to EBITDA leverage sustained
above 3.5x;

- A deterioration in the operating profile or working capital
management leading to heightened variability or a sustained
contraction in FCF margin;

- An inability to implement or execute on management strategy
leading to a deterioration in the operating profile, higher costs,
or loss of market share.

Liquidity and Debt Structure

Sufficient Liquidity: As of June 30, 2024, WESCO had total
liquidity of approximately $1.5 billion comprised of $435 million
of available cash, $1.1 billion of revolver availability, net of
borrowings, letters of credit and borrowing base reserves and $40
million of availability under its receivables facility.

WESCO's debt structure as of June 30, 2024 consists of $625 million
outstanding on the $1,725 million revolving ABL facility, $1,510
million outstanding on its AR securitization facility, and $3.1
billion of senior unsecured notes.

The company's subsidiary, WESCO Distribution, Inc. is the issuer of
$1.3 billion of unsecured notes due 2028, $900 million of unsecured
notes due 2029 and $850 million of unsecured notes due 2032. The
company has $4.2 million of 6% unsecured notes due 2025 issued by
Anixter Inc. outstanding as of June 30, 2024.

Fitch assigns 50% equity credit (EC) to the $540.3 million Series A
Preferred Stock, as the instrument is senior only to common equity
and does not contain any material covenants or events of default.
The coupon is cumulative, which limits further EC considerations.

Issuer Profile

WESCO International is a global distributor of electrical and
communications products and provider of logistics and supply chain
services.

MACROECONOMIC ASSUMPTIONS AND SECTOR FORECASTS

Fitch's latest quarterly Global Corporates Macro and Sector
Forecasts data file which aggregates key data points used in its
credit analysis. Fitch's macroeconomic forecasts, commodity price
assumptions, default rate forecasts, sector key performance
indicators and sector-level forecasts are among the data items
included.

ESG Considerations

The highest level of ESG credit relevance is a score of '3', unless
otherwise disclosed in this section. A score of '3' 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. Fitch's ESG Relevance Scores are not
inputs in the rating process; they are an observation on the
relevance and materiality of ESG factors in the rating decision.

   Entity/Debt                   Rating         Recovery   Prior
   -----------                   ------         --------   -----
WESCO Distribution Inc.    LT IDR  BB+   Affirmed            BB+

   senior secured          LT      BBB-  Affirmed   RR1      BBB-

   senior unsecured        LT      BB+   Affirmed   RR4      BB+

WESCO International, Inc.  LT IDR  BB+   Affirmed            BB+

   preferred               LT      BB-   Affirmed   RR6      BB-

Anixter Inc.

   senior unsecured        LT      BB+   Affirmed   RR4      BB+


WEST DEPTFORD: S&P Affirms 'CCC' Rating on Senior Secured Debt
--------------------------------------------------------------
S&P Global Ratings affirmed its 'CCC' rating on West Deptford
Energy Holdings LLC's (WDE) senior secured debt and removed it from
CreditWatch negative, where S&P placed it on May 7, 2024.

The negative outlook incorporates the risk of a liquidity shortage
in December 2025 if the project is not able to refinance its
revolving facility.

S&P's '3' recovery rating is unchanged, indicating its expectation
for substantial recovery (50%-70%; rounded estimate: 55%) in a
hypothetical default scenario.

WDE is a 744 megawatt (MW) combined-cycle natural gas-fired power
plant in Gloucester County, N.J. It dispatches into the Eastern
Mid-Atlantic Area Council (EMAAC) zone of the Pennsylvania-New
Jersey-Maryland Interconnection (PJM). The project is owned by LS
Power Group (17.8%), Marubeni Corp. (17.5%), Kansai Electric Power
Co. Inc. (17.5%), ULLICO Group (14.5%), Arctic Slope Regional Corp.
(11.6%), Prudential & Lincoln (11.1%), and Sumitomo Corp. (10%).

WDE is exposed to near-term refinancing risk coupled with ongoing
outages at its power plant.

In June 2024, an outage occurred at the power plant, which the
project expects to last until November 2024, resulting in WDE
losing around 50% of its plant capacity. S&P expects the project's
cash flow generation will be limited in the near term due to the
outage and RGGI leakage, even though insurance proceeds are
covering the cost associated with the current outage.

S&P said, "Under our base-case scenario, we assume WDE will not
have enough operating cash flows to repay the revolving facility by
December 2025 and will need to refinance. Our 'CCC' rating reflects
that a default could occur by December 2025 if WDE does not address
outages that could complicate its RCF refinancing."

The project's cash accounts stood at about $20 million as of May
2024, which includes its cash balances, debt service reserve
account (DSRA), and cash-funded major maintenance reserve account
(MMRA). Although the liquidity is sufficient for operations and
debt servicing for the next 12 month, we expect a liquidity
shortfall upon the RCF repayment after fully depleting the cash
accounts.

S&P said, "We expect tailwinds in the PJM market starting second
half of 2025, which will benefit the project if the project can
successfully address the RCF repayment.

"The cleared capacity price of $269.92 per megawatt-day (MWd) for
the 2025/2026 capacity year will result in stronger cash flows for
the project starting mid-2025. We also expect higher capacity
prices than we previously forecast for 2026/2027 in the EMAAC zone
at $200/MWd, with a long-term mean reverting price of $165/MWd.

"We believe that refinancing prospects could improve (by both
extending the RCF and refinancing the TLB that matures in 2026) if
results from future capacity auctions are similar to those from the
2025/2026 delivery year, and if the power plant can operate at full
capacity with no outages." Additional outages, lags in insurance
payouts, and increasing RGGI cost can pressure the liquidity
further.

The negative outlook incorporates the risk of a liquidity shortage
by December 2025 if the project is not able to refinance its
revolving facility.

S&P could take a negative rating action if it believes a default
over the next six to nine months is inevitable due to:

-- Additional outages or higher-than-expected operation and
maintenance (O&M) costs; or

-- Deteriorating prospects to refinance the TLB such that we see a
default as inevitable.

S&P said, "We could take a positive rating action if the project
addresses the RCF repayment by December 2025 and we see viable
conditions to refinance the TLB. In our view, this could happen if
the power plant addresses its operational issues enough to reach
high availability and upcoming capacity prices continue clearing at
high prices, which could make the project's capital structure
sustainable."



WESTERN HEALTH: A.M. Best Affirms B(Fair) Fin. Strength Rating
--------------------------------------------------------------
AM Best has affirmed the Financial Strength Rating of B (Fair) and
the Long-Term Issuer Credit Rating of "bb" (Fair) of Western Health
Advantage (WHA) (Sacramento, CA). The outlook of the Credit Ratings
(ratings) is negative. Concurrently, AM Best has withdrawn these
ratings as the company has requested to no longer participate in AM
Best's interactive rating process.

The ratings reflect WHA's balance sheet strength, which AM Best
assesses as very weak, as well as its adequate operating
performance, limited business profile and appropriate enterprise
risk management. In addition, the ratings consider the support
provided to the company by its two sponsors, Dignity Health and
NorthBay Healthcare.

WHA maintains low absolute and risk-adjusted capitalization levels,
as measured by Best's Capital Adequacy Ratio (BCAR), as the company
historically has managed capital based on California's minimum
requirements. While tangible net equity is maintained above the
minimum level, AM Best does not expect the balance sheet strength
metrics to improve materially in the near term, and the sponsors
are not anticipated to make any substantive cash contributions. The
company returned to profitability at fiscal year-end June 30, 2023,
and projects increasing profitability going forward. Business is
concentrated in commercial health products in northern California,
where it competes with large national and strong regional health
carriers.


WEWORK INC: Co. Fires Dickinson Wright PLLC Prior Trial
-------------------------------------------------------
Katryna Perera of Law360 reports that alleged WeWork fraudster
fires Dickinson Wright before trial.

Lawyers from Dickinson Wright PLLC told a New York federal judge on
Wednesday, August 21, 2024, that they have been discharged by the
former CEO of real estate investment firm ArciTerra ahead of his
October trial for issuing a bogus $77 million offer for WeWork
shares, according to Law360.

               About WeWork Inc.

New York, NY-based WeWork Inc. is a global flexible workspace
provider, serving a membership base of businesses large and small
through its network of 779 Systemwide Locations, including 622
Consolidated Locations as of December 2022.

WeWork Inc. and its affiliates sought relief under Chapter 11 of
the Bankruptcy Code (Bankr. D.N.J. Case No. 23-19865) on Nov. 6,
2023. In its petition, WeWork Inc. reported $19 billion of
liabilities and $15 billion of assets.

The Debtors tapped Kirkland & Ellis LLP and Kirkland &
Ellis\International LLP, Cole Schotz PC, and Munger, Tolles & Olson
LLP as counsel; Alvarez & Marsal North America LLC and Province,
LLC as financial advisors; PJT Partners LP as investment banker;
and McManimon, Scotland & Baumann, LLC as local counsel. Softbank
is represented by Weil Gotshal & Manges LLP and Wollmuth Maher &
Deutsch LLP as legal counsel and Houlihan Lokey Capital as
financial advisor.

The Ad Hoc Group of First Lien and Second Lien Lenders is
represented by Davis Polk & Wardwell LLP (Eli Vonnegut, Elliot
Moskowitz, Natasha Tsiouris, Jonah Peppiatt) and Greenberg Traurig
LLP (Alan Brody) as legal counsel and Ducera Partners LLC as
financial advisor.




WIDELL RENOVATIONS: Case Summary & One Unsecured Creditor
---------------------------------------------------------
Debtor: Widell Renovations, LLC
        1151 N Cheyenne Ave
        Tulsa, OK 74106-4645

Business Description: The Debtor is primarily engaged in renting
                      and leasing real estate properties.

Chapter 11 Petition Date: September 5, 2024

Court: United States Bankruptcy Court
       Northern District of Oklahoma

Case No.: 24-11158

Judge: Hon. Terrence L Michael

Debtor's Counsel: Ron Brown, Esq.
                  BROWN LAW FIRM PC
                  1609 E. 4th St.
                  Tulsa OK 74120
                  Tel: (918) 585-9500
                  Email: ron@ronbrownlaw.com

Total Assets: $1,920,700

Total Liabilities: $1,054,944

The petition was signed by William Widell as member and manager.

The Debtor listed Emma Properties Limited located at 1620 Grand Ave
Ste B, Glenwood Spgs, CO 81601-3858 as its sole unsecured creditor
holding a claim of $32,675.

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

https://www.pacermonitor.com/view/ETPL5CA/Widell_Renovations_LLC__oknbke-24-11158__0001.0.pdf?mcid=tGE4TAMA


WORLDPAY: Fitch Affirms 'BB' LongTerm IDR, Outlook Stable
---------------------------------------------------------
Fitch Ratings has affirmed Boost Newco Borrower, LLC's (dba
Worldpay) Long-Term Issuer Default Rating (IDR) at 'BB'. The Rating
Outlook is Stable. Fitch has also affirmed Worldpay's 'BBB-'/'RR1'
issue-level ratings on USD and EUR senior secured term loans and
local and foreign currency senior secured notes.

Worldpay has executed well since its early 2024 separation from
Fidelity National Information Services, Inc. (FIS; 'BBB'), which
Fitch believes is due to a combination of a strong operating
environment and improved focus as a standalone company. Worldpay
remains well positioned and should see improved operating trends in
the coming years.

The company benefits from its broad scale as one of the largest
payment processing companies globally, has deep relationships with
many of the largest North American and European merchants and
banks, and benefits from diversification across regional and
end-market channels.

Key Rating Drivers

Scale Critical in Payments: Fitch views Worldpay's scale as a
differentiator and credit positive. The company is the largest
merchant acquirer globally, handling more than USD2 trillion in
payment transactions annually in nearly 150 countries (although
most of its revenue is from North America). Scale is important in
payments and enables the company to serve some of the largest
merchants in North America and Europe.

The payments industry saw a lot of M&A in recent years, although
this slowed in 2022-2024 due to weaker capital market conditions.
Fitch projects M&A will be a key sector theme in the years ahead
given disruption and attractive industry dynamics, including highly
recurring revenue and strong FCF generation.

Leverage Supported by Cash Flow: Fitch expects EBITDA leverage to
be in the low-4.0x range in the near term, which is fair for the
rating but supported by the company's scale and stable cash
generation. M&A is a key component of management's strategy that
could lead to elevated leverage over time, but Fitch expects the
company would target quick debt reduction following any deals that
increase leverage meaningfully.

Sustained leverage meaningfully in excess of 4.75x could lead to
negative rating action over time, although management appears
committed to maintaining leverage at reasonable levels in the near
term.

Beneficiary of Electronic Payments Shift: Worldpay sits at the
intersection of a payments industry shift away from cash toward
electronic forms of payment, which Fitch believes will continue to
provide a revenue tailwind. The company operates part of the
"plumbing" of electronic payments — when a consumer uses a
credit/debit card in a store or on a website, it is a technology
provider enabling this transaction.

According to The Nilson Report, paper-based payments make up
roughly 17% of U.S. payment volume and continue to cede share to
cards and electronic payments. Global card usage varies
meaningfully by country but will continue to capture payments share
in the future.

FCF Dynamics: Higher leverage as a standalone entity will lead to
lower FCF, but Fitch projects Worldpay will continue to generate
positive FCF even with higher interest expense. FCF was more than
USD470 million in 1H24, including pro forma for full first-half
results, and Fitch projects FCF could be USD500 million to USD700
million annually from 2024-2027, adjusting for cash tax
distributions paid to investors via cash from financing.

FCF margins are projected in the double-digit range as a percentage
of revenue. While this level of profitability provides some
capacity for Worldpay to gradually de-lever, the company's focus on
growth and reinvestment in its business makes this unlikely in the
near term. Fitch does not expect any near-term shareholder
dividends.

Cyclicality: Worldpay is highly dependent upon consumer spending,
particularly in the U.S. where it derives more than 70% of its
revenue. This creates some cyclicality during periods of economic
weakness, although industry fundamentals held up reasonably well
during the 2008-2009 downturn and came back quickly following the
2020 pandemic. FIS's Merchant Solutions segment (largely Worldpay)
experienced 9% organic revenue declines during 2020, although it
rebounded quickly with 19% growth in 2021. Vantiv and Worldpay,
which were standalone companies prior to their 2017 merger, each
grew in 2009.

M&A Risk: Fitch views debt-funded M&A as a key risk. Worldpay was
capital constrained under the FIS umbrella, and it can operate with
higher leverage and more ability to spend as a standalone entity.
Fintech remains very active with deal activity, albeit with a more
balanced approach to financing deals using both debt and equity
given capital market conditions. Some of the industry's largest
deals in recent years - FIS-Worldpay, Fiserv-First Data and
Block-Afterpay - were largely equity financed at relatively high
valuations.

Competitive Landscape: Worldpay's end markets are highly
competitive, and this could impact the IDR over time. The company
is an industry leader in payments processing. However, there is
meaningful tech disruption and pricing competition from both
"legacy" fintechs and large technology providers, as well as
younger, software-centric fintech companies. Key competitors
include JPMorgan (via its Chase Paymentech business), Fiserv,
Adyen, PayPal, Block and Stripe, among many others. Its competitive
moat varies by industry channel but is expected to remain
reasonably strong over the ratings horizon.

Derivation Summary

Worldpay's ratings and Outlook are supported by the company's high
mix of recurring revenue, sticky customer base, market leadership
in its core businesses and predictable cash flow generation. Rating
constraints include fragmentation in the payments segment,
technological risks over time and acquisition risk surrounding
large-scale M&A. Fitch believes Worldpay's operating fundamentals
including relatively stable EBITDA and margins, reasonable
leverage, and solid FCF generation position the company well in the
'BB' rating category.

Worldpay's business profile and certain financial metrics compare
well versus Fitch-rated industry peer Global Payments Inc.
(BBB/Stable), although it is expected to operate with meaningfully
higher leverage in the next few years under private ownership.
Competitor PayPal Holdings, Inc. (A-/Stable) is much larger,
operates with meaningfully lower leverage and is growing faster
given its e-commerce and digital payments exposure.

Block, Inc. (BB+/Positive) is larger, exhibits rapid growth in both
its payments and apps businesses, and has lower leverage.
Shift4Payments, Inc. (BB/Stable) is materially smaller, but growing
more rapidly and operates in a different piece of the payments
value chain.

Key Assumptions

- Organic revenue growth in the mid-single-digit range in the next
few years with incremental contribution from M&A;

- EBITDA margins remain relatively stable in the high 30% range,
with modest pressure in 2024/2025 due to standalone costs following
the separation from FIS;

- Capex is in the 7%-7.5% of revenue range;

- Excess cash flow used primarily for growth investments and M&A,
which are also assumed to be partially debt-financed;

- EBITDA leverage remains in the low 4.0x range in the near term
but could be moderately higher as the company executes on M&A;

- (CFO-capex)/debt near 8% per year in the next few years;

- Floating rate debt assumes SOFR declines to near 4% by
2026-2027.

RATING SENSITIVITIES

Factors that Could, Individually or Collectively, Lead to Positive
Rating Action/Upgrade

- EBITDA leverage, or debt/EBITDA, sustained below 4.0x;

- Improved fundamentals including higher than projected growth in
key metrics such as revenue, EBITDA and/or FCF;

- (CFO-capex)/debt expected to be sustained at 8% or above.

Factors that Could, Individually or Collectively, Lead to Negative
Rating Action/Downgrade

- EBITDA leverage sustained above 4.75x;

- FCF margins projected to be sustained in the low-single-digit
percentage or lower levels;

- Significant fundamental shifts in the business that negatively
affect revenue, EBITDA and/or FCF;

- A significantly lower level of financial flexibility could also
lead Fitch to reassess the rating;

- (CFO-capex)/debt expected to be sustained below 4%.

Liquidity and Debt Structure

Solid Liquidity: Worldpay has a solid liquidity position, with
positive CF generation expected in the business and an undrawn
revolving credit facility. The company has roughly $1.5 billion of
unrestricted cash, excluding settlement cash, and Fitch projects it
could generate between USD500 million and USD700 million annually
from 2024-2027, adjusting for cash tax distributions paid to
investors via cash from financing.

In addition, it has full capacity available on its approximate
USD1.2 billion senior secured revolver and USD700 million of
settlement lines of credit in place, which can be used to fund
interchange fees paid to merchants, overdrafts or for regulatory
settlement requirements.

Debt Profile: The company's debt capital structure includes secured
debt instruments across multiple currencies (USD, EUR and GBP) that
are each pari passu and include a first lien on substantially all
assets of the company. Its debt includes: (i) USD5.2 billion of
senior secured term loans, (ii) EUR500 million of senior secured
term loans, (iii) roughly USD2.2 billion of senior secured notes,
(iv) GBP600 million of senior secured notes, and (v) an approximate
USD1.2 billion senior secured revolving credit facility.

The revolver was undrawn as of June 2024. There is some maturity
risk given all of the term loans and secured notes mature in
January 2031, although Fitch believes the current state of the
business should support refinancing over time.

Issuer Profile

Worldpay is one of the world's largest payment technology and
merchant acquirer companies. The company is jointly owned by
Fidelity National Information Services, Inc. (FIS) and private
equity firm GTCR.

Summary of Financial Adjustments

Fitch made standard U.S. Corporates financial adjustments,
including add-backs for depreciation and amortization (D&A),
impairments, stock-based compensation (SBC), M&A and integration
costs.

MACROECONOMIC ASSUMPTIONS AND SECTOR FORECASTS

Fitch's latest quarterly Global Corporates Macro and Sector
Forecasts data file which aggregates key data points used in its
credit analysis. Fitch's macroeconomic forecasts, commodity price
assumptions, default rate forecasts, sector key performance
indicators and sector-level forecasts are among the data items
included.

ESG Considerations

The highest level of ESG credit relevance is a score of '3', unless
otherwise disclosed in this section. A score of '3' 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. Fitch's ESG Relevance Scores are not
inputs in the rating process; they are an observation on the
relevance and materiality of ESG factors in the rating decision.

   Entity/Debt             Rating          Recovery   Prior
   -----------             ------          --------   -----
Boost Newco
Borrower, LLC        LT IDR BB    Affirmed            BB

   senior secured    LT     BBB-  Affirmed   RR1      BBB-


YERUSHA LLC: Claims to be Paid From Asset Sale Proceeds
-------------------------------------------------------
Yerusha LLC filed with the U.S. Bankruptcy Court for the Northern
District of Illinois an Amended Small Business Plan of
Reorganization dated August 9, 2024.

The Debtor is in the business of purchasing and selling of parcels
of real estate.

The Debtor owns fifty-one vacant parcels of real estate in Chicago,
Illinois. Attached to this Plan is Exhibit A is a list of the
fifty-one parcels which divides the fifty-one parcels into two
general groups:

     * The first group is listed collectively as Group 1. Group 1
properties all are subject to a lien in favor of Old Second
National Bank. The second group is listed collectively as Group 2.
Groups 2 properties are NOT subject to a lien in favor of Old
Second National Bank.

The Debtor has filed a Motion to Employ Ronald Ohr and Nicholas Ohr
as Real Estate Agent/Broker. Upon Court's approval, the Debtor,
through Ohr, shall market all of the parcels contained in Groups 1
& 2 for sale.

As to properties in Group 1, after the payment of liens and costs
of closing and any Demolition Liens of the City of Chicago, all
proceeds are to be paid to Old Second National Bank and if Old
Second National Bank is paid in full then half to the General
Secured Lien of City of Chicago and the other half first to
Administrative Expenses and then to Unsecured Claims pro rata.

As to properties in Group 2, after the payment of liens and costs
of closing and any Demolition Liens of the City of Chicago, all
proceeds are to be paid one half to the Secured Lien of City of
Chicago and the other half first to Administrative Expenses and
then to Unsecured Claims pro rata.

The Debtor's Plan provides for payments to be made on allowed
claims from the Debtor's sale of real estate.

Class 4 consists of Allowed General Unsecured Claims. The Debtor
has two general unsecured creditors: 1) Sharon Krygowski) in the
amount of $18,269.00 and City of Chicago in the amount of
$146,511.36 (aggregate unsecured claims of $164,780.36). After the
payment of liens and costs of closing for Group 2 all proceeds are
to be paid after payment of costs of sale then half to the General
Secured Lien of City of Chicago and the other half first to
Administrative Expenses and then to Unsecured Claims pro rata.

All of the assets of the Debtor and this estate shall vest in the
Debtor upon Confirmation of the Plan subject to the liquidation,
terms and conditions of this Plan.

A full-text copy of the Amended Plan of Reorganization dated August
9, 2024 is available at https://urlcurt.com/u?l=R0KdEc from
PacerMonitor.com at no charge.

Counsel to the Debtor:

     Paul Matthew Bach, Esq.
     Penelope N. Bach, Esq.
     Bach Law Offices
     555 Skokie Blvd Suite 250
     Northbrook, IL, 60062
     Tel: (847) 564-0808

                      About Yerusha LLC

Yerusha, LLC, is in the business of purchasing and selling of
parcels of real estate.

The Debtor filed Chapter 11 petition (Bankr. N.D. Ill. Case
No.24-01640) on February 6, 2024, with $500,001 to $1 million in
both assets and liabilities.

Judge Deborah L. Thorne oversees the case.

Paul M. Bach, Esq., at Bach Law Offices, represents the Debtor as
bankruptcy counsel.


YESENIA GARCIA: Hires Larry A. Vick as Legal Counsel
----------------------------------------------------
Yesenia Garcia DMD PLLC seeks approval from the U.S. Bankruptcy
Court for the Southern District of Texas to employ Larry A. Vick as
counsel.

The firm will provide these services:

   a. analyzing the financial situation, and rendering advice and
assistance to the Debtor;

   b. advising the Debtor with respect to its rights, duties and
powers as a debtor in this case;

   c. representing the Debtor at all hearings and other
proceedings;

   d. preparing and filing of all appropriate petitions, schedules
of assets and liabilities, statements of affairs, answers, motions,
and other legal papers as necessary to further the Debtor's
interests and objective.

   e. representing the Debtor at any meeting of creditors and such
other services as may be required during the course of the
bankruptcy proceedings;

   f. representing the Debtor in all proceedings before the Court
and in any other judicial or administrative proceedings where the
rights of the Debtor may be litigated or otherwise affected;

   g. preparing and filing of a Disclosure Statement and Chapter 11
Plan of Reorganization;

   h. assisting the Debtor in analyzing the claims of the creditors
and in negotiating with such creditors;

   i. assisting the Debtor in any matters relating to or arising
out of the captioned case; and

   j. prosecuting and, as the case may be, defending Debtor in
litigation as attorney for the Debtor in Possession.

Mr. Vick, the lead attorney handling the case will be paid $450 per
hour.

Mr. Vick received a pre-petition retainer in the amount of
$10,000.

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

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

The firm can be reached at:

      Larry A. Vick
      13501 Katy Freeway, Suite 3474
      Houston, TX 77079
      Tel: (832) 413-3331
      Fax: (832) 202-2821
      Email: lv@larryvick.com

              About Yesenia Garcia DMD PLLC

Yesenia Garcia DMD PLLC, filed a Chapter 11 bankruptcy petition
(Bankr. S.D. Tex. Case No. 24-33537) on Aug. 1, 2024. The Debtor
hires Larry A. Vick as counsel.


YOUNG MEN'S CHRISTIAN: Gets OK to Tap Heard Ary & Dauro as Counsel
------------------------------------------------------------------
Young Men's Christian Association of Metropolitan Huntsville,
Alabama received approval from the U.S. Bankruptcy Court for the
Northern District of Alabama to hire Heard, Ary & Dauro, LLC, as
counsel.

The firm will render these services:

     (a) give Debtor legal advice with respect to its powers and
duties as debtor-in-possession;

     (b) take necessary action against various creditors, entities,
governmental agencies, etc., to enforce the stay and protect the
interests of the Debtor;

     (c) prepare on behalf of or to assist the Debtor in preparing,
as debtor-in-possession, all necessary applications, answers,
orders, reports and legal papers including the formulation of a
disclosure statement and plan of reorganization; and

     (d) perform all other legal services for Debtor, as
debtor-in-possession, which may be necessary.

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

     Kevin D. Heard      $375 per hour
     Angela S. Ary       $325 per hour

As disclosed in the court filings, Heard, Ary & Dauro, LLC, and its
attorneys have no connection with the creditors, or any other party
in interest or the respective attorneys and each qualifies as a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.

The firm can be reached through:

      Kevin D. Heard, Esq.
      Angela S. Ary, Esq.
      HEARD, ARY & DAURO, LLC
      303 Williams Avenue, Suite 921
      Huntsville, AL 35801
      Phone: (256) 535-0817
      Email: kheard@heardlaw.com
             aary@heardlaw.com

          Young Men's Christian Association of Metropolitan
                              Huntsville, Alabama

Young Men's Christian Association of Metropolitan Huntsville,
Alabama is a non-profit organization that offers programs to
support the needs of a growing and diverse communities including
child care, health & fitness, teen programs and community
programs.

Young Men's Christian Association of Metropolitan Huntsville,
Alabama filed its voluntary petition for relief under Chapter 11 of
the Bankruptcy Code (Bankr. N.D. Ala. Case No, 24-81638) on August
23, 2024, listing $10 million to $50 million in both assets and
liabilities. The petition was signed by Jeff Collen as interim
chief executive officer.

Kevin D. Heard, Esq. at HEARD, ARY & DAURO, LLC represents the
Debtor as counsel.


YUZHOU GROUP: Files Chapter 15 Bankruptcy in New York
-----------------------------------------------------
Pearl Liu of Bloomberg Law reports that builder Yuzhou seeks debt
restructuring recognition in the U.S.

Yuzhou Group Holdings Co. filed for Chapter 15 bankruptcy Thursday
in New York, a move by the defaulted property developer to seek US
court recognition for its offshore debt restructuring and ward off
litigation, according to Bloomberg Law.

The Chinese builder, which failed to pay $2.9 billion of dollar
notes with interest as of the end of 2023, is undergoing
restructuring in Hong Kong and Cayman Islands, Bloomberg reports.

Its board was advised to "seek recognition by this court of the
Hong Kong proceeding as a foreign main proceeding for the debtor,"
according to a company filing with the court.

         About Yuzhou Group Holdings Co.

Yuzhou Group Holdings Co. operates as a real estate development
company.

Yuzhou Group Holdings Co. sought relief under Chapter 15 of the
U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 4-11441) on August
22, 2024.

Honorable Bankruptcy Judge Lisa G Beckerman oversees the case.




[^] BOND PRICING: For the Week from September 2 to 6, 2024
----------------------------------------------------------

  Company                    Ticker  Coupon Bid Price    Maturity
  -------                    ------  ------ ---------    --------
2U Inc                       TWOU     2.250    42.000    5/1/2025
99 Cents Only Stores LLC     NDN      7.500     4.973   1/15/2026
99 Cents Only Stores LLC     NDN      7.500     4.973   1/15/2026
99 Cents Only Stores LLC     NDN      7.500     4.973   1/15/2026
Allen Media LLC / Allen
  Media Co-Issuer Inc        ALNMED  10.500    38.954   2/15/2028
Allen Media LLC / Allen
  Media Co-Issuer Inc        ALNMED  10.500    39.823   2/15/2028
Allen Media LLC / Allen
  Media Co-Issuer Inc        ALNMED  10.500    40.700   2/15/2028
American International
  Group Inc                  AIG      5.449    93.167   3/15/2037
Amyris Inc                   AMRS     1.500     0.758  11/15/2026
Anagram Holdings
  LLC/Anagram
  International Inc          AIIAHL  10.000     0.750   8/15/2026
Anagram Holdings
  LLC/Anagram
  International Inc          AIIAHL  10.000     0.750   8/15/2026
Anagram Holdings
  LLC/Anagram
  International Inc          AIIAHL  10.000     0.750   8/15/2026
At Home Group Inc            HOME     4.875    31.829   7/15/2028
At Home Group Inc            HOME     7.125    29.005   7/15/2029
At Home Group Inc            HOME     7.125    29.005   7/15/2029
At Home Group Inc            HOME     4.875    31.472   7/15/2028
Audacy Capital Corp          CBSR     6.500     4.500    5/1/2027
Audacy Capital Corp          CBSR     6.750     4.125   3/31/2029
Audacy Capital Corp          CBSR     6.750     3.951   3/31/2029
Azul Investments LLP         AZUBBZ   5.875    91.004  10/26/2024
Azul Investments LLP         AZUBBZ   5.875    91.130  10/26/2024
BPZ Resources Inc            BPZR     6.500     3.017    3/1/2049
Bank of America Corp         BAC      7.000    95.912   9/20/2032
Bay Banks of Virginia Inc    BAYK     5.625    94.273  10/15/2029
Bay Banks of Virginia Inc    BAYK     5.625    94.273  10/15/2029
Beasley Mezzanine Holdings   BBGI     8.625    57.848    2/1/2026
Beasley Mezzanine Holdings   BBGI     8.625    57.349    2/1/2026
Biora Therapeutics Inc       BIOR     7.250    56.590   12/1/2025
BuzzFeed Inc                 BZFD     8.500    92.643   12/3/2026
Castle US Holding Corp       CISN     9.500    46.260   2/15/2028
Castle US Holding Corp       CISN     9.500    46.260   2/15/2028
CorEnergy Infrastructure     CORR     5.875    70.250   8/15/2025
Curo Group Holdings Corp     CURO     7.500     5.750    8/1/2028
Curo Group Holdings Corp     CURO     7.500    23.677    8/1/2028
Curo Group Holdings Corp     CURO     7.500     5.750    8/1/2028
Cutera Inc                   CUTR     2.250    15.750    6/1/2028
Cutera Inc                   CUTR     4.000    18.625    6/1/2029
Cutera Inc                   CUTR     2.250    30.439   3/15/2026
Danimer Scientific Inc       DNMR     3.250     9.884  12/15/2026
Diamond Sports Group
  LLC / Diamond Sports
  Finance Co                 DSPORT   5.375     1.200   8/15/2026
Diamond Sports Group
  LLC / Diamond Sports
  Finance Co                 DSPORT   6.625     1.200   8/15/2027
Diamond Sports Group
  LLC / Diamond Sports
  Finance Co                 DSPORT   5.375     1.376   8/15/2026
Diamond Sports Group
  LLC / Diamond Sports
  Finance Co                 DSPORT   5.375     2.075   8/15/2026
Diamond Sports Group
  LLC / Diamond Sports
  Finance Co                 DSPORT   5.375     1.376   8/15/2026
Diamond Sports Group
  LLC / Diamond Sports
  Finance Co                 DSPORT   6.625     1.179   8/15/2027
Diamond Sports Group
  LLC / Diamond Sports
  Finance Co                 DSPORT   5.375     1.264   8/15/2026
Energy Conversion Devices    ENER     3.000     0.762   6/15/2013
Enviva Partners LP /
  Enviva Partners
  Finance Corp               EVA      6.500    43.500   1/15/2026
Enviva Partners LP /
  Enviva Partners
  Finance Corp               EVA      6.500    43.750   1/15/2026
Exela Intermediate
  LLC / Exela
  Finance Inc                EXLINT  11.500    35.000   7/15/2026
Exela Intermediate
  LLC / Exela
  Finance Inc                EXLINT  11.500    32.880   7/15/2026
F&M Financial Corp/TN        FMFNCP   5.950    89.780   9/17/2029
F&M Financial Corp/TN        FMFNCP   5.950    89.780   9/15/2029
Federal Farm Credit
  Banks Funding Corp         FFCB     0.420    96.675    9/9/2024
Federal Farm Credit
  Banks Funding Corp         FFCB     0.440    96.219    9/9/2024
Federal Home Loan Banks      FHLB     0.500    96.732   10/9/2024
Federal Home Loan Banks      FHLB     0.480    99.352   9/10/2024
Federal Home Loan Mortgage   FHLMC    4.000    99.411    9/9/2024
Federal Home Loan Mortgage   FHLMC    3.000    94.783  11/26/2024
Federal Home Loan Mortgage   FHLMC    0.450    99.385   9/11/2024
First Republic Bank/CA       FRCB     4.625     2.500   2/13/2047
First Republic Bank/CA       FRCB     4.375     2.500    8/1/2046
Ford Motor Credit Co LLC     F        6.350    99.712   9/20/2026
GNC Holdings Inc             GNC      1.500     0.678   8/15/2020
GoTo Group Inc               LOGM     5.500    36.962    5/1/2028
GoTo Group Inc               LOGM     5.500    37.752    5/1/2028
Goldman Sachs Group Inc/The  GS       7.000    94.049   9/20/2032
Goodman Networks Inc         GOODNT   8.000     5.000   5/11/2022
Goodman Networks Inc         GOODNT   8.000     1.000   5/31/2022
H-Food Holdings
  LLC / Hearthside
  Finance Co Inc             HEFOSO   8.500     7.593    6/1/2026
H-Food Holdings
  LLC / Hearthside
  Finance Co Inc             HEFOSO   8.500     7.593    6/1/2026
Hallmark Financial Services  HALL     6.250    18.626   8/15/2029
Homer City Generation LP     HOMCTY   8.734    38.750   10/1/2026
Hughes Satellite Systems     SATS     6.625    60.558    8/1/2026
Hughes Satellite Systems     SATS     6.625    60.801    8/1/2026
Hughes Satellite Systems     SATS     6.625    60.801    8/1/2026
Inseego Corp                 INSG     3.250    73.790    5/1/2025
Invacare Corp                IVC      4.250     1.002   3/15/2026
JPMorgan Chase Bank NA       JPM      2.000    91.616   9/10/2031
JPMorgan Chase Financial     JPM      5.250    99.469  12/13/2024
JPMorgan Chase Financial     JPM      5.500    99.913   3/15/2027
Karyopharm Therapeutics      KPTI     3.000    63.649  10/15/2025
Ligado Networks LLC          NEWLSQ  15.500    15.500   11/1/2023
Ligado Networks LLC          NEWLSQ  17.500     2.297    5/1/2024
Ligado Networks LLC          NEWLSQ  15.500    15.750   11/1/2023
Lightning eMotors Inc        ZEVY     7.500     1.000   5/15/2024
MBIA Insurance Corp          MBI     16.823     5.000   1/15/2033
MBIA Insurance Corp          MBI     16.823     5.077   1/15/2033
Macy's Retail Holdings LLC   M        6.700    87.144   7/15/2034
Macy's Retail Holdings LLC   M        6.900    94.752   1/15/2032
Mashantucket Western
  Pequot Tribe               MASHTU   7.350    52.612    7/1/2026
Millennium Escrow Corp       CFIELD   6.625    60.413    8/1/2026
Millennium Escrow Corp       CFIELD   6.625    60.273    8/1/2026
Morgan Stanley               MS       1.800    80.899   8/27/2036
NanoString Technologies      NSTG     2.625    74.250    3/1/2025
Office Properties
  Income Trust               OPI      4.500    84.083    2/1/2025
Polar US Borrower
  LLC / Schenectady
  International Group Inc    SIGRP    6.750    32.500   5/15/2026
Polar US Borrower
  LLC / Schenectady
  International Group Inc    SIGRP    6.750    32.498   5/15/2026
Porch Group Inc              PRCH     0.750    43.500   9/15/2026
Rackspace Technology
  Global Inc                 RAX      5.375    29.000   12/1/2028
Rackspace Technology
  Global Inc                 RAX      3.500    27.500   2/15/2028
Rackspace Technology
  Global Inc                 RAX      5.375    29.003   12/1/2028
Rackspace Technology
  Global Inc                 RAX      3.500    27.500   2/15/2028
Renco Metals Inc             RENCO   11.500    24.875    7/1/2003
Rite Aid Corp                RAD      8.000    44.000  11/15/2026
Rite Aid Corp                RAD      7.700     5.000   2/15/2027
Rite Aid Corp                RAD      7.500    41.500    7/1/2025
Rite Aid Corp                RAD      8.000    18.000  11/15/2026
Rite Aid Corp                RAD      7.500    18.000    7/1/2025
Rite Aid Corp                RAD      6.875     3.490  12/15/2028
Rite Aid Corp                RAD      6.875     3.490  12/15/2028
RumbleON Inc                 RMBL     6.750    75.652    1/1/2025
SVB Financial Group          SIVB     3.500    59.500   1/29/2025
Sandy Spring Bancorp Inc     SASR     4.250    86.000  11/15/2029
Shutterfly LLC               SFLY     8.500    47.500   10/1/2026
Shutterfly LLC               SFLY     8.500    47.500   10/1/2026
Southern First Bancshares    SFST     4.750    99.840   9/30/2029
Spanish Broadcasting
  System Inc                 SBSAA    9.750    60.250    3/1/2026
Spanish Broadcasting
  System Inc                 SBSAA    9.750    59.500    3/1/2026
Spirit Airlines Inc          SAVE     1.000    30.750   5/15/2026
Spirit Airlines Inc          SAVE     4.750    60.564   5/15/2025
TerraVia Holdings Inc        TVIA     5.000     4.644   10/1/2019
Tricida Inc                  TCDA     3.500     9.000   5/15/2027
Veritex Holdings Inc         VBTX     4.750    89.410  11/15/2029
Veritone Inc                 VERI     1.750    32.865  11/15/2026
Virgin Galactic Holdings     SPCE     2.500    31.250    2/1/2027
Voyager Aviation Holdings    VAHLLC   8.500    15.263    5/9/2026
Voyager Aviation Holdings    VAHLLC   8.500    15.263    5/9/2026
Voyager Aviation Holdings    VAHLLC   8.500    15.263    5/9/2026
Vroom Inc                    VRM      0.750    53.875    7/1/2026
WW International Inc         WW       4.500    24.369   4/15/2029
WW International Inc         WW       4.500    24.010   4/15/2029
Wells Fargo & Co             WFC      2.756    97.778   9/23/2024
Wells Fargo & Co             WFC      2.750    97.123   9/30/2024
Wesco Aircraft Holdings Inc  WAIR     9.000    40.969  11/15/2026
Wesco Aircraft Holdings Inc  WAIR    13.125     1.798  11/15/2027
Wesco Aircraft Holdings Inc  WAIR     9.000    40.969  11/15/2026
Wesco Aircraft Holdings Inc  WAIR    13.125     1.798  11/15/2027
Wheel Pros Inc               WHLPRO   6.500     0.250   5/15/2029
Wheel Pros Inc               WHLPRO   6.500     0.238   5/15/2029
iHeartCommunications Inc     IHRT     8.375    45.901    5/1/2027



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Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Philadelphia, Pa., USA.
Randy Antoni, Jhonas Dampog, Marites Claro, Joy Agravante,
Rousel Elaine Tumanda, Joel Anthony G. Lopez, Psyche A. Castillon,
Ivy B. Magdadaro, Carlo Fernandez, Christopher G. Patalinghug, and
Peter A. Chapman, Editors.

Copyright 2024.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000.

                   *** End of Transmission ***