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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, December 26, 2016, Vol. 20, No. 360

                            Headlines

16TH STREET REGENCY: Creditors Seek Ch. 11 Trustee Appointment
344 SOUTH STREET: Unsecureds' Payment to Start Feb. 1, 2017
779 STRADELLA: Case Summary & 7 Unsecured Creditors
8854831 CANADA: Chapter 15 Case Summary
919 PROSPECT: Voluntary Chapter 11 Case Summary

97 GRAND AVENUE: Creditor Seeks Appointment of Ch. 11 Trustee
A PLUS SEWER: Asks Court to Approve Disclosure Statement
ACTRONIX INC: Disclosures OK'd; Plan Hearing on Jan. 25
AEOLUS PHARMACEUTICALS: Files 204.8M Shares Resale Prospectus
ALL TYPE CONTRACTING: To Set Aside $10K for Unsecured Creditors

AVERY LAND: Westside Buying Golden Valley Model Homes for $300K
AZURE MIDSTREAM: Obtains Waiver Extension Until Jan. 15
B&B REAL ESTATE: Newtek Tries To Block Disclosures Approval
BALTIMORE GRILL: Trustee's Sale of Baltimore Assets Approved
BANESCO USA: Fitch Affirms 'B+' Issuer Default Ratings, Outlook Pos

BARATTA REVOCABLE TRUST: Unsecureds to Recover 4.98% Under Plan
BH SUTTON: Sutton Mezz Unsecureds To Get Share of Remaining Cash
BILLYS ROADHOUSE: Must File Plan & Disclosures By Jan. 20
BRIGHT MOUNTAIN: Acquires Firefighting Apparel Brand & Online Shop
C&D COAL: Case Summary & 20 Largest Unsecured Creditors

CALIBRE ACADEMY: Fitch Affirms 'B' Rating on $15.7MM Rev. Bonds
CAPARRA HILLS: Fitch Affirms 'B+' LT Issuer Default Rating
CAR CHARGING: Amends Form S-1 Prospectus with SEC
CHAPARRAL ENERGY: Files Joint Plan of Reorganization
CHEDDAR'S RESTAURANT: S&P Assigns 'CCC+' Rating on $105MM Loan

CHESAPEAKE ENERGY: Inks Supplemental Indenture with Deutsche Bank
CHIEFTAIN STEEL: Needs to Align Plan Filing Period with Floyd
CLINICAL PET: Case Summary & 20 Largest Unsecured Creditors
COEUR MINING: S&P Raises CCR to 'BB-' on Debt Repayment
CONTINENTAL EXPLORATION: Trustee Selling Interest in LA Wells

CRIMSON INVESTMENT: Hearing on Disclosures Set For Jan. 18
CRYSTAL SPOON: Unsecureds To Recoup 100% Over 6 Years
DAKOTA PLAINS: Files for Ch. 11 to Pursue Sale
DANIEL WOZNIAK: MFF Buying Equipment for $50K
DESERT INN: Case Summary & 3 Unsecured Creditors

DIAMOND XPRESS: Court Approves Disclosure Statement
DICKIE POH: SSPIMA and SSPIREH Buying Assets
DOLPHIN DIGITAL: Inks Subscription Agreements with Noteholders
DOMINICA LLC: Santander Bank To Be Paid $80K, at 5%
DONMETZ HOME: Disclosures OK'd; Plan Hearing on Jan. 26

E-WORLD USA: Incurs $340,000 Net Loss in June 30, 2015 Quarter
E.O. WOOD: Asks Court To Conditionally Approve Disclosure Statement
EASTMINSTER SCHOOL: Secured Creditor To Get School Property
ENERGIS PETROLEUM: Unsecureds To Recoup 22.56% Under Garwood Plan
FEDERAL IDENTIFICATION: 0% Recovery For Unsecured Creditors

FULLBEAUTY BRANDS: S&P Affirms 'B-' CCR & Revises Outlook to Neg.
FUNCTION(X) INC: Borrows Add'l $550,000 from Sillerman
GATEWAY ENTERTAINMENT: Panel Files Limited Objection to Disclosures
GATEWAY ENTERTAINMENT: Trusts Try To Block Disclosures OK
GENERAL GLASS: Disclosures Prelim. OK'd; Plan Hearing on Jan. 18

GLENN'S INC: Unsecureds To Recoup 5% Under Plan
HANSELL/MITZEL: Case Summary & 20 Largest Unsecured Creditors
HOVNANIAN ENTERPRISES: Incurs $2.81 Million Net Loss in Fiscal 2016
IHEARTCOMMUNICATIONS INC: Commences Private Exchange Offer
IHEARTCOMMUNICATIONS INC: Fitch Cuts LT Issuer Default Rating to C

ILLINOIS POWER: S&P Lowers CCR to D After Anticipated Ch. 11 Filing
INTELLIPHARMACEUTICS INT'L: Announces Issuance of PODRAS Patents
INTERMARK INC: Disclosure Statement Hearing Set for Feb. 10
INTERNATIONAL TECHNICAL: Jan. 31 Plan Confirmation Hearing
KEITHVILLE WELL: Unsecureds Won't Get Any Distribution Under Plan

KOHN FUNERAL: Case Summary & 11 Unsecured Creditors
KUBCO DECANTER: Selling Surplus Trucks to Auto Dealers
KUM GANG: Disclosure Statement Hearing Set for Jan. 4
LAWRENCE SCHIFF: Disclosures OK'd; Plan Hearing on Jan. 18
LEGEND OIL: Obtains $300,000 from Debenture Issuance

LEI MACHINING: Unsecureds To Recover 100% in 60 Payments
LENSAR INC: Jan. 5 Meeting Set to Form Creditors' Panel
LEVEL 3 FINANCING: S&P Raises Rating on Unsecured Debt to 'BB-'
LINC USA GP: 5.4%-37% Recovery For Unsecured Creditors
M2L TRANSPORTATION: Jan. 24 Plan Disclosures Hearing

MARY ZIMMERMAN: Sale of McLean Property for $1.8M Approved
MASSACHUSETTS DFA: Fitch Cuts Series 2014A Rev. Bonds to BB+
MATHIOPOULOS 3M: Disclosures OK'd; Plan Hearing on Feb. 2
MCNEILL PROPERTIES: Premier Construction To Get $428K Under Plan
MCSGLOBAL INC: Trustee's Sale of Assets for $200K Approved

METABOLIX INC: Stockholders Approve Amendments to 2014 Plan
MINI MASTER: Case Summary & 20 Largest Unsecured Creditors
ML HOSPITALITY: 102 Jericho Turnpike To Be Paid $697 For 120 Months
ML HOSPITALITY: U.S. Trustee Opposes Approval of Plan Outline
MODULAR SPACE: Wants Court to Approve DIP Loans

MT YOHAI LLC: Case Summary & 3 Unsecured Creditors
NAVISTAR INTERNATIONAL: Incurs $97 Million Net Loss in Fiscal 2016
NEOVASC INC: Closes Acquisition Agreement with Boston Scientific
OPTIMA SPECIALTY: Jan. 4 Meeting Set to Form Creditors' Panel
PANAGES INVESTMENTS: Disclosure Statement Get Final Court Okay

PFO GLOBAL: Appoints Interim Principal Financial Officer
PHARMACYTE BIOTECH: Chardan Capital to Act as Sales Agent
PHILLIP MYERS: $700K Sale of Interest in Myers Engineering Okayed
PNCH ASSOCIATES: Disclosures Okayed, Plan Hearing on Jan. 12
POSIBA INC: Case Summary & 20 Largest Unsecured Creditors

PURADYN FILTER: Kellogg Brown Begins Use of Filtration Systems
QUICK CHANGE: Files Revised Disclosure Statement
QUINN'S JUNCTION: Disclosure Statement Approved
REBUS CORP: Unsecureds To Recover 1.5% Under Plan
REDEEMED CHRISTIAN: Jan. 26 Plan Disclosures Hearing

RENNOVA HEALTH: Director Benjamin Frank Dies
ROMA'S STEAK: Bankruptcy Administrator Objects to Disclosures OK
ROOT9B TECHNOLOGIES: Inks Definitive Agreement to Sell Subsidiary
ROOT9B TECHNOLOGIES: Uplists to Nasdaq Capital Market
RXI PHARMACEUTICALS: Closes $11.5M Underwritten Public Offering

RXI PHARMACEUTICALS: Stockholders Elect Five Directors
SBN FOG CAP: Files Revised Chapter 11 Liquidating Plan
SC CONCRETE: Unsecureds To Recoup 3.01% Under Plan
SEANERGY MARITIME: Closes Sale of 1.3M Shares & Warrants
SECURED ASSETS BELVEDERE: Unsecureds To Be Paid From Unit Sales

SEOUL PRESBYTERIAN: Disclosures Okayed, Plan Hearing on Jan. 13
SOBEYS INC: S&P Lowers CCR to 'BB+' on Weak Operating Results
SPEEDWAY MOTORSPORTS: S&P Retains 'BB+' Rating on Unsecured Debt
STADIUM CHEVRON: Unsecureds To Recoup 50% Under Plan
STAFFING GROUP: Incurs $1.85 Million Net Loss in Third Quarter

STONE ENERGY: Raymond Hyer Reports 7% Stake as of Dec. 10
SUNOCO LP: Fitch Lowers LT Issuer Default Rating to 'BB-'
SUTTON LUMBER: First Bank May Get Up to $22,836 A Month Over 5 Yrs.
TAUREN EXPLORATION: Creditor Files Ch. 11 Liquidating Plan
TAUREN EXPLORATION: Files Own Ch. 11 Reorganization Plan

TAXOPARK INC: Voluntary Chapter 11 Case Summary
TEXAS LEADERSHIP: S&P Affirms 'BB-' Rating on 2013 Revenue Bonds
THAMAR LI: Disclosure Statement Hearing Set for Feb. 2
THAMAR LI: Unsecured Creditors To Be Paid 16.92% Over 5 Years
TMT PROCUREMENT: Files Plans of Liquidation

TOOLING SCIENCE: Unsecureds To Recover 35% Under Plan
TRILOGY INT'L: S&P Puts 'B-' CCR on CreditWatch Positive
VANGUARD HEALTHCARE: Hearing on Disclosures Set For Jan. 10
VAPOR CORP: Amends Warrants Tender Offer
VIKING CONSTRUCTORS: Unsecureds To Receive 5% Under Plan

WANK ADAMS: Creditors Seek Appointment of Ch. 11 Trustee
WEEKLEY HOMES: S&P Affirms 'B+' CCR & Revises Outlook to Negative
WHITING PETROLEUM: S&P Raises CCR to 'BB-' on Improved Leverage
WILLIAM CONTRACTOR: Files Revised Disclosure Statement
WISPER II: To Assume EBC Spectrum Lease Agreement

WORLDS ONLINE: Incurs $51,000 Net Loss in Third Quarter
[*] Fitch Publishes Inaugural High-Yield Oil & Gas Handbook
[*] S&P Hikes 2 Debt Ratings in US Building Materials Sector
[*] S&P Reviews Ratings on US Tech Software on Criteria Revision
[*] S&P Revises Ratings in 4 Debt Issues in US Telecom Sector

[^] BOND PRICING: For the Week Ended December 19 to 23, 2016

                            *********

16TH STREET REGENCY: Creditors Seek Ch. 11 Trustee Appointment
--------------------------------------------------------------
The City of New York and its Agencies, including the New York City
Department of Finance (DOF) and the New York City Environmental
Control Board (ECB), a secured and administrative creditor and
party in interest ask the U.S. Bankruptcy Court for the Eastern
District of New York to enter an Order to Show Cause requiring the
Debtor, 16th Street Regency LLC, and its principal, Isaac Mutzen,
to show cause why a Chapter 11 operating Trustee should not be
appointed to close on the sale of the Debtor's properties.

The Debtor's assets consist of the condominium units and and
parking spaces at the condominium building known as 198 201 16th
Street, Brooklyn, New York ll2l5.

According to the creditors, the Debtor informed the Court at the
December 14,2016 hearing that its principal was no longer
interested in closing on the sale of the properties, would like to
vacate the auction results, and disclosed that the sale contracts
for the property sold at the auction had in fact not been executed.
Two of the successful bidders at the auction informed the Court of
the harm they have been suffering as a result of the Debtor's delay
and/or unwillingness to close on the auctioned condominium units
and of the risk they faced from increasing financing cost of not
being able to close if the case does not proceed expeditiously, the
creditors assert.

The creditors add that a December 16, 2016 Sale Confirmation Order
authorized and directed the successful bidders, the Debtor and the
Debtor's principal, Isaac Mutzen, to take all actions necessary to
execute and deliver the purchase agreements to the successful
bidders and to close on the sale of the properties immediately upon
written notice from the successful bidder, with respect to each
particular property; that said bidder is ready and willing to
close.

Therefore, the Creditors ask the Court to enter an Order to Show
Cause requiring the Debtor and its principal to show cause why a
Chapter 11 operating trustee should not be appointed to close on
the sale of the properties, distribute the proceeds of sale to the
creditors, complete the administration of the estate, close the
Chapter 1l case and any other duties the Court may direct.

The City of New York and its Agencies are represented by:

         Zachary W. Carter, Esq.
         CORPORATION COUNSEL OF THE CITY OF NEW YORK
         100 Church Street, Room 5-223
         New York, NY 10007
         Tel.: (212) 356-2134

             About 16th Street Regency LLC

16th Street Regency LLC filed a Chapter 11 petition (Bankr. E.D.
N.Y. Case No.: 14-46104) on December 3, 2014, and is represented by
David Carlebach, Esq., in New York, New York.

At the time of filing, the Debtor had $1 million to $10 million
estimated assets and $1 million to $10 million in estimated
liabilities.

The petition was signed by Isaac Mutzen, managing member.

The Debtor did not file a list of its largest unsecured creditors
when it filed the petition.


344 SOUTH STREET: Unsecureds' Payment to Start Feb. 1, 2017
-----------------------------------------------------------
344 South Street Corporation filed with the U.S. Bankruptcy Court
for the Eastern District of Pennsylvania an amended disclosure
statement dated Dec. 9, 2016, referring to the Debtor's plan of
reorganization.

General unsecured creditors are classified in Class 3, and will
receive a distribution of 35% of their allowed claims, to be
distributed in equal monthly interval payments starting Feb. 1,
2017, and ending on Nov. 17, 2020.

The Amended Disclosure Statement is available at:

           http://bankrupt.com/misc/paeb15-18278-97.pdf

As reported by the Troubled Company Reporter on Nov. 23, 2016, the
Debtor filed with Court an amended disclosure statement dated Nov.
9, 2016, referring to the Debtor's plan of reorganization dated
Sept. 12, 2016.  Under that plan, general unsecured creditors would
receive a distribution of 35% of their allowed claims, to be
distributed as follows in equal monthly interval payments starting
Dec. 1, 2016, and ending on Nov. 17, 2020.

                    About 344 South Street

344 South Street Corp. has operated as a restaurant, serving
Spanish and Mexican cuisine in Philadelphia's South Street
District.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D. Penn. Case No. 15-18278) on Nov. 17, 2015,
and is represented by Raheem S. Watson, Esq., at Watson LLC, in
Philadelphia, Pennsylvania.

At the time of the filing, the Debtor estimated assets and
liabilities below $500,000.


779 STRADELLA: Case Summary & 7 Unsecured Creditors
---------------------------------------------------
Debtor: 779 Stradella, LLC, a Delaware Limited Liability Company
        3991 MacArthur Blvd., Suite 125
        Newport Beach, CA 92660

Case No.: 16-15156

Chapter 11 Petition Date: December 21, 2016

Court: United States Bankruptcy Court
       Central District of California (Santa Ana)

Judge: Hon. Catherine E. Bauer

Debtor's Counsel: Marc C Forsythe, Esq.
                  GOE & FORSYTHE, LLP
                  18101 Von Karman Avenue Ste 1200
                  Irvine, CA 92612
                  Tel: 949-798-2460
                  Fax: 949-955-9437
                  E-mail: kmurphy@goeforlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Jeffrey Yohai, managing member of Baylor
Holding, LLC.

A copy of the Debtor's list of seven unsecured creditors is
available for free at:

       http://bankrupt.com/misc/cacb16-15156.pdf


8854831 CANADA: Chapter 15 Case Summary
---------------------------------------
Chapter 15 Petitioner: Emmanuel Phaneuf
                       from Raymond Chabot Inc.

Chapter 15 Debtor: 8854831 Canada Inc.
                     fka Mobile Solutions (IAS) INC.
                     dba Mobile Simple Solutions (IAS) Inc.
                     dba Christelle Rousseau-Pigeat
                   1 Place Ville-Marie, Suite 3900
                   Montreal, Quebec H3B4M7
                   Canada 00000

Chapter 15 Case No.: 16-16751

Chapter 15 Petition Date: December 21, 2016

Court: United States Bankruptcy Court
       District of Nevada (Las Vegas)

Judge: Hon. Bruce T. Beesley

Chapter 15 Petitioner's Counsel: Matthew L. Johnson, Esq.
                                 JOHNSON & GUBLER, P.C.
                                 8831 West Sahara Avenue
                                 Las Vegas, NV 89117
                                 Tel: (702) 471-0065
                                 Fax: (702) 471-0075
                                 E-mail: annabelle@mjohnsonlaw.com
                                         mjohnson@mjohnsonlaw.com

Estimated Assets: Not Indicated

Estimated Debts: Not Indicated


919 PROSPECT: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: 919 Prospect Ave LLC
        Aegis Realty
        2 West 45th Street, Suite 1704
        New York, NY 10036

Case No.: 16-13569

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: December 22, 2016

Court: United Staes Bankruptcy Court
       Southern District of New York (Manhattan)

Judge: Hon. Shelley C. Chapman

Debtor's Counsel: Avrum J. Rosen, Esq.
                  ROSEN, KANTROW & DILLON, PLLC
                  38 New Street
                  Huntington, NY 11743
                  Tel: (631) 423-8527
                  Fax: (631) 423-4536
                  E-mail: ajrlaw@aol.com
                         arosen@rkdlawfirm.com

Total Assets: $5 million

Total Liabilities: $2.40 million

The petition was signed by Seth Miller, managing member.

The Debtor did not include a list of its largest unsecured
creditors when it filed the petition.

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

        http://bankrupt.com/misc/nysb16-13569.pdf


97 GRAND AVENUE: Creditor Seeks Appointment of Ch. 11 Trustee
-------------------------------------------------------------
97 Grand Ave Brooklyn LLC, a secured creditor and interested party,
asks Judge Sean H. Lan of the U.S. Bankruptcy Court for the
Southern District of New York to enter an Order directing the
appointment of a Chapter 11 Trustee for 97 Grand Avenue LLC.

The creditor asks the Court to schedule a hearing on January 10,
2017, to consider approval of the motion.

The Notice for the application of the appointment of a Chapter 11
Trustee further states that any objections to the requested relief
must be made in writing and received in the Bankruptcy Clerk's
office, United States Bankruptcy Court, Southern District of New
York, the Creditor's attorneys, Kriss & Feuerstein LLP, with a hard
copy to be delivered directly to the Chambers and all other parties
requiring such notice due on January 3, 2017.

The Creditor's attorneys are:

         Jerold C. Feuerstein, Esq.
         Jason S. Leibowitz, Esq.
         KRISS & FEUERSTEIN LLP
         360 Lexington Avenue, Suite 1200
         New York, NY 10017
         Tel: (212) 661-2900
         Fax: (212) 661-2900

             About 97 Grand Avenue LLC              

An involuntary chapter 7 petition (Bankr. S.D.N.Y. Case No.
15-13367) was commenced against 97 Grand Avenue LLC by petitioning
creditor Chun Peter Dong on December 28, 2015.  At the Debtor's
behest, the Hon. Sean H. Lane entered an order dated April 13,
2016, converting the Involuntary Case to a voluntary chapter 11
proceeding.

The Debtor is a single asset real estate company with its primary
asset is the real property identified as 97-101 Grand Avenue and 96
Steuben Street, Brooklyn, New York 11205.


A PLUS SEWER: Asks Court to Approve Disclosure Statement
--------------------------------------------------------
A Plus Sewer & Water Co. asked the U.S. Bankruptcy Court for the
District of Utah to conditionally approve the disclosure statement,
which explains its proposed plan to exit Chapter 11 protection.

The request, if granted by the court, would allow the company to
begin soliciting votes for its restructuring plan.

Under U.S. bankruptcy law, a debtor must get court approval of its
disclosure statement to begin soliciting votes from creditors.  The
document must contain adequate information to enable creditors to
make an informed decision about the bankruptcy plan.

In the same filing, A Plus Sewer also asked the court to schedule a
hearing for final approval of the disclosure statement and
confirmation of the plan.

A Plus Sewer is represented by:

     Matthew K. Broadbent, Esq.
     Val Dalling, III, Esq.
     Vannova Legal, PLLC
     47 West 9000 South #1
     Sandy, UT 84070
     Tel: (801) 415-9800
     Fax: (801) 415-9818
     Email: info@VannovaLegal.com

                        About A Plus Sewer

A Plus Sewer & Water Co. filed for Chapter 11 bankruptcy protection
(Bankr. D. Utah Case No. 15-29123) on Sept. 29, 2015.  Matthew K.
Broadbent, Esq., at Vannova Legal, PLLC, serves as the Debtor's
bankruptcy counsel.


ACTRONIX INC: Disclosures OK'd; Plan Hearing on Jan. 25
-------------------------------------------------------
The Hon. Ben Barry of the U.S. Bankruptcy Court for the Western
District of Arkansas has approved Actronix, Inc.'s revised
disclosure statement filed on Oct. 25, 2016, referring to the
Debtor's plan of reorganization.

The confirmation hearing on the proposed Amended Plan will be held
9:00 a.m. on Jan. 25, 2017.

Affected creditors must submit their ballot, accepting or rejecting
the Amended Plan prior to noon, on Jan. 13, 2017.  Affected
creditors must also file any written objections to the Plan prior
to noon, on Jan. 13, 2017.

As reported by the Troubled Company Reporter on Nov. 4, 2016, the
Debtor on Oct. 25, 2016, delivered to the Court a revised Chapter
11 plan and disclosure statement.  The Revised Plan provides that
the Debtor's management team will pursue a wind-down of the
business.  The Plan says many "end of life orders" have already
been received, and are in the process of being completed for
delivery.  The Debtor anticipates completing the numerous "end of
life orders" by March 31, 2017.  Each member of the management team
has committed to stay until March 2017, if required.

                        About Actronix Inc.

Headquartered in Flippin, Arkansas, Actronix, Inc., filed for
Chapter 11 bankruptcy protection (Bankr. W.D. Ark. Case No.
15-72593) on Oct. 13, 2015, estimating its assets at up to $50,000
and its liabilities at between $1 million and $10 million.  The
petition was signed by Randy Steinberg, secretary.

Actronix builds motor assemblies for one of its major customers.
It was founded in 1977 as a division of LaBarge Electronics.  In
1995 it was acquired by Avnet and in 2000 Avnet sold it to a group
of private investors and it was renamed Actronix.  In 2014 Actronix
changed hands to another group of private investors.  The Company
sought Chapter 11 protection after a major customer who was forced
to stop shipments due to FDA issues, a poor third quarter in 2015
and longer term issues including under capitalization, and lagging
sales.

Judge Ben T. Barry presides over the case.  Jill R. Jacoway, Esq.,
at Jacoway Law Firm, Ltd., and Carter Ledyard & Milburn LLP, serve
as the Debtor's bankruptcy counsel.  Wright, Lindsey & Jennings LLP
has been tapped as special counsel.  The Debtor also has tapped
Brown, Rogers, & Company, P.A., CPAs, and Accounting Solutions of
Northwest Arkansas.

Ronald Clifford, Esq., at Blakeley LLP, represents the Unsecured
Creditors' Committee.


AEOLUS PHARMACEUTICALS: Files 204.8M Shares Resale Prospectus
-------------------------------------------------------------
Aeolus Pharmaceuticals, Inc., filed with the Securities and
Exchange Commission a Form S-1 registration statement relating to
the offer and sale from time to time by Albert & Yvonne Tjan Family
Trust, Anna Belle Ambrose, Biotechnology Value Fund, L.P., et al.,
of up to 204,809,209 shares of the Company's common stock, par
value $0.01 per share, including common stock issuable upon
conversion of Series C Convertible Preferred Stock and shares of
common stock issuable upon exercise of warrants.

The prospectus also relates to 50,000 shares of the Company's
common stock issuable upon the exercise of warrants that the
Company issued in 2014.  The shares of common stock, Series C
Convertible Preferred Stock and warrants registered were issued in
transactions in 2015, 2013, 2012 and previous periods in reliance
on Section 4(a)(2) of the Securities Act of 1933, as amended.

The Company is not selling any common stock under this prospectus
and will not receive any of the proceeds from the sale of shares by
the selling stockholders; however, the Company will receive the
proceeds of any cash exercise of the warrants.

The selling stockholders may sell the shares from time to time at
the market price quoted on the OTC Bulletin Board (or any stock
exchange on which the Company's common stock may be listed in the
future) at the time of offer and sale, or at prices related to such
prevailing market prices, in negotiated transactions or in a
combination of such methods of sale directly or through brokers.

Other than underwriting discounts and commissions, and transfer
taxes, if any, the Company has agreed to bear certain expenses
incurred in connection with the registration and sale of the common
stock offered by the selling stockholders.

The Company's common stock is quoted on the OTC Bulletin Board
under the symbol "AOLS."  On Dec. 14, 2016, the closing price of
the Company's common stock was $0.18 per share.

A full-text copy of the preliminary prospectus is available for
free at https://is.gd/U0rL9r

                 About Aeolus Pharmaceuticals

Mission Viejo, California-based Aeolus Pharmaceuticals, Inc., is a
Southern California-based biopharmaceutical company leveraging
significant government investment to develop a platform of novel
compounds in oncology and biodefense.  The platform consists of
over 200 compounds licensed from Duke University and National
Jewish Health.

The Company's lead compound, AEOL 10150, is being developed as a
medical countermeasure ("MCM") against the pulmonary sub-syndrome
of acute radiation syndrome ("Pulmonary Acute Radiation Syndrome"
or "Lung-ARS") as well as the gastrointestinal sub-syndrome of
acute radiation syndrome ("GI-ARS").  Both syndromes are caused by
acute exposure to high levels of radiation due to a radiological
or nuclear event.  It is also being developed for use as a MCM for
exposure to chemical vesicants such as chlorine gas, sulfur
mustard gas and nerve agents.

Aeolus reported a net loss attributable to common stockholders of
$6.04 million on $2.07 million of contract revenue for the fiscal
year ended Sept. 30, 2016, compared to a net loss attributable to
common stockholders of $2.62 million on $3.11 million of contract
revenue for the fiscal year ended Sept. 30, 2015.

As of Sept. 30, 2016, Aeolus Pharmaceuticals had $4.17 million in
total assets, $972,000 in total liabilities and $3.19 million in
total stockholders' equity.


ALL TYPE CONTRACTING: To Set Aside $10K for Unsecured Creditors
---------------------------------------------------------------
All Type Contracting, LLC, will set aside $10,000 to pay general
unsecured creditors, according to its proposed plan to exit Chapter
11 protection.

Under the restructuring plan, Class 3 general unsecured creditors
will receive quarterly payments of their pro rata share of $10,000
over four years.  Payments will start in March next year.

General unsecured claims are impaired and holders of these claims
are entitled to vote to accept or reject the plan.

Outside financing and All Type Contracting's excess income,
including income from its business operations will be used to fund
the plan.  Additionally, Brian Blair, owner of the company, is
securing financing by pledging his personal assets to provide the
company with additional working capital to service its debts,
according to the disclosure statement filed on Dec. 13 with the
U.S. Bankruptcy Court for the Eastern District of Missouri.

A copy of the disclosure statement is available for free at
https://is.gd/U2JRul

                   About All Type Contracting

All Type Contracting, LLC filed a Chapter 11 bankruptcy petition
(Bankr. E.D. Mo. Case No. 16-10509) on June 16, 2016.  The petition
was signed by Brian R. Blair, president/owner.

The Debtor is represented by Thomas Riske, Esq., at Desai Eggman
Mason LLC.  The case is assigned to Judge Barry S. Schermer.

At the time of filing, the Debtor estimated assets at $100,000 to
$500,000 and liabilities at $500,001 to $1 million.


AVERY LAND: Westside Buying Golden Valley Model Homes for $300K
---------------------------------------------------------------
Avery Land Group, LLC, asks the U.S. Bankruptcy Court for the
District of Nevada to authorize the private sale of real property,
including two lots with residential houses, at 1807 and 1825 S.
Aztec Road, Golden Valley, Arizona (Parcel Nos. 306-24-115 and
306-24-116), to Westside Disposal Services, Inc., for $300,000.

The Debtor has been in business since 2013 in the development of
agricultural land and planned residential communities.  The Debtor
owns real property that comprises the Model Homes.  The Model Homes
were built in 2007 as model homes for what was to be a larger
planned development called "Pravada."  The fully built Model Homes
for a planned community became economically unfeasible after the
economic downturn of 2008.  The Model Homes are sitting vacant and
the Debtor desires to sell them to help fund its envisioned plan of
reorganization.

The Debtor listed the Model Homes with Rex's Golden Realty, LLC
approximately seven months ago.  Rex's listed the Model Homes in
all local Arizona listing services, which reach out to larger
listing services, such as Realtor.com, Zillo, Trulia, etc.  

Because the Model Homes are set so close to each other, no
purchaser would want to purchase one of the Homes without knowing
who will purchase the other one.  Yet the purchase of both Homes,
as the current Purchaser proposes, requires commercial, not
residential, financing – severely restricting the pool of
prospective purchasers.

After approximately seven months, Rex's received only one offer for
the Model Homes – the Purchaser's – which Rex's believes to be
the highest and best.

On Nov. 10, 2016, the Purchaser entered into the Purchase
Agreement, which provides that the Purchaser will purchase the
Model Homes for $300,000 (as a combination of cash and third party
financing).  The Debtor believes that the purchase price represents
the highest and best offer it will receive for the Model Homes.

The Purchase Agreement required escrow to close by Dec. 9, 2016.
The Purchaser's financing has been approved, and the Purchaser has
agreed to extend the close of escrow until Dec. 30, 2016.  The
Purchaser has informed the Debtor that it must close by the end of
2016 in order to avail itself of certain tax advantages.   

The Debtor will receive the full purchase price in cash (minus
customary closing costs) upon the closing.

There is ample justification for the Debtor's sale of the Model
Homes under the terms of the Purchase Agreement, which are fair and
reasonable, and were negotiated in good faith.  The sale of the
Model Homes maximizes value for the Debtor's estate.  To the best
of the Debtor's knowledge, the Model Homes are not encumbered by
any valid liens, claims or other interests, with the exception of
$8,967 in outstanding property taxes, which the Debtor will pay in
full immediately upon receipt of the purchase price.  Accordingly,
the Debtor seeks an order authorizing the sale free and clear.

Because the Purchase Agreement requires escrow to close by Dec. 30,
2016, the Debtor asks that the Court waive the 14-day stay period
under Bankruptcy Rule 6004(h) or reduce the period of stay to the
time period necessary for an objecting party to actually file an
appeal and request a stay.

                 About Avery Land Group, LLC

Avery Land Group, LLC, based in Las Vegas, NV, filed a Chapter 11
petition (Bankr. D. Nev. Case No. 16-14995) on Sept. 9, 2016.  The
case is assigned to Judge August B. Landis.  The Debtor is
represented by Brett A. Axelrod, Esq., at Fox Rothschild, LLP.

The Debtor estimated assets at $500,000 to $1 million and
liabilities at $1 million to $10 million.  The petition was signed
by James M. Rhodes, manager.

No official committee of unsecured creditors has been appointed in
the case.

The Debtor has retained Anne M. Loraditch, Esq., at The Bach Law
Firm, LLC as conflicts counsel.


AZURE MIDSTREAM: Obtains Waiver Extension Until Jan. 15
-------------------------------------------------------
Azure Midstream Partners, LP, entered into a Limited Duration
Waiver Agreement to its revolving credit facility, as amended, with
Wells Fargo Bank, National Association, as administrative agent and
other lenders on Dec. 16, 2016.

The terms of the Limited Duration Waiver Agreement extend the
waiver of certain covenant defaults until Jan. 15, 2017.  Borrowing
capacity under the Credit Agreement continues to be $173.7 million.
The Limited Duration Waiver Agreement also requires the
Partnership to:

   * no later than Jan. 12, 2017, certify to the Lenders that the
     Partnership has completed the marketing process for the sale
     of the Partnerships assets and provide a detailed summary of
     such marketing process; and

   * enter into an agreement with respect to the sale of the
     Partnership and its assets no later than Jan. 15, 2017.

                    About Azure Midstream

Azure Midstream Partners, LP, is a publicly traded Delaware master
limited partnership that was formed by NuDevco Partners, LLC and
its affiliates to develop, own, operate and acquire midstream
energy assets.  The Company currently offers: (i) natural gas
gathering, compression, dehydration, treating, processing, and
hydrocarbon dew-point control and transportation services to
producers, marketers and third-party pipeline companies through the
Company's gathering and processing business segment; and (ii) crude
oil logistics services to Associated Energy Services, LP, an
affiliate, through its logistics business segment.

Azure reported a net loss of $222.4 million for the year ended Dec.
31, 2015, compared to a net loss of $6.82 million for the year
ended Dec. 31, 2014.

As of Sept. 30, 2016, the Company had $375.5 million in total
assets, $179.4 million in total liabilities and $196.2 million in
total partners' capital.

KPMG LLP, in Dallas, Texas, issued a "going concern" qualification
on the consolidated financial statements for the year ended
Dec. 31, 2015, citing that the Partnership anticipates being out of
compliance with the requirements in the Credit Agreement during
2016, which would accelerate the maturity of the outstanding
indebtedness making it currently due and payable.  The Partnership
does not have sufficient liquidity to meet the accelerated debt
service requirements.  This issue raises substantial doubt about
its ability to continue as a going concern.

                         *    *    *

In September 2016, S&P Global Ratings lowered its corporate credit
rating on Azure Midstream Energy LLC to 'CCC+' from 'B-'.  "The
downgrade reflects our view that Azure's credit measures have
worsened due to unfavorable commodity prices and weak industry
conditions, which has made it more challenging to meet its
financial commitments," S&P Global Ratings analyst Mike Llanos
said.

In August 2016, Moody's Investors Service downgraded Azure
Midstream Energy's Corporate Family Rating (CFR) to 'Caa2' from
'B3', Probability of Default Rating (PDR) to 'Caa2-PD' from
'Caa1-PD', senior secured term loan rating to 'Caa2' from 'B3', and
the senior secured revolving credit facility rating to 'B1' from
'Ba3'.  The Speculative Grade Liquidity rating was withdrawn.  The
outlook remains negative.


B&B REAL ESTATE: Newtek Tries To Block Disclosures Approval
-----------------------------------------------------------
Newtek Small Business Finance, LLC, Successor by Merger to Newtek
Small Business Finance, Inc, filed with the U.S. Bankruptcy Court
for the Middle District of Pennsylvania an objection to B & B Real
Estate General Partnership's disclosure statement referring to the
Debtor's plan of reorganization dated Oct. 31, 2016.

On June 22, 2010, pursuant to an SBA Authorization dated April 21,
2010, B&B Real Estate General Partnership dba Elevations Health
Club and B&B Fitness and Barbell Inc.jointly and severally borrowed
the principal sum of $1,711,000 from Newtek to refinance
outstanding debt to ESSA ($1,565,197, plus $25,000); fund loan
closing fees and costs ($15,003); and provide working capital
($105,800), as evidence of which, B&B REGP and B&B FBI executed and
delivered to Newtek their promissory note dated June 22, 2010, in
the original principal amount of $1,711,000.  The Loan went into
default for non-payment, and as of Feb. 12, 2016, the next payment
due was that which came due on Oct. 1, 2015.  On May 2, 2016,
Newtek filed a complaint in confession of judgment for money
damages in the Court of Common Pleas of Montgomery County at Docket
Number 2016-0329, against B&B REGP, B&B FBI, B. Klein, D. Klein, R.
Bishop and C. Bishop, jointly and severally, in the amount of
$1,759,181.56.

With respect to the treatment of Class 4 Secured Claims, the Plan
and Disclosure Statement provide that payment of these claims will
start 30 days after the 30th calendar day after a court order
confirming the Plan becomes final, with Newtek's arrearage claim to
be paid in full within 36 months of the Effective Date of the Plan,
and the Tax Claim Bureau's claim to be paid within 96 months of the
Effective Date of the Plan.

Newtek objects to the adequacy of the information contained in the
Disclosure Statement because, among others:

     A. its provisions concerning payment of Newtek's claim is
        ambiguous.  It only provides for payment of all arrearages
       
        over 36 months, and does not make it clear whether the
        Debtor (as it should) will also be making the regular
        monthly payments to Newtek coming due under the Mortgage.
        Similarly, the Plan and Disclosure Statement do not
        indicate that the Debtor will remain current on its post-
        petition taxes real estate and school taxes as they are
        assessed against the property.  Without the Debtor's clear

        commitment to remain current on its post-petition mortgage

        and tax payments as they come due, the Plan is inherently
        infeasible, and there is no reason to approve the
        Disclosure Statement;

     B. although the Plan relies for its funding upon rent paid by

        its tenants, the Disclosure Statement provides that the
        Debtor's main tenant, B&B FBI, will start stepping up its
        monthly rent payments to equal market rate.  However, the
        Disclosure Statement fails to provide either B&B FBI's
        current rental rate, or the market rate to which it is to
        be adjusted; and

     C. the Plan and Disclosure Statement indicate that B&B FBI's
        stepped-up rental payments is what will be used to retire
        the secured claims of Newtek and the Tax Claim Bureau.
        However, the proposed rental step-up schedule is ambiguous,

        calling for a $2,000 rent increase the first year, a
        $3,000/month increase the second year, a $4,000/month
        increase the third year, and a $5,000/month increase the
        fourth year.  Newtek asks if that schedule indicate (a)
        cumulative annual increases in monthly rent due; or (b)
        incremental increases.

The Plan, according to Newtek, also fails to provide that Newtek
will retain all of its liens against the Debtor's assets (and those
of B&B FBI), until the time as Newtek has been fully repaid all
sums presently due or to come due under the terms of the loan
documents.

Newtek suggests that in this case, the Plan and Disclosure
Statement should make it clear that nothing is intended to affect
or impair Newtek's remedies against its non-debtor obligors.
Newtek complains that the Plan and Disclosure Statement do not
provide for the disposition of property of the estate upon the
Effective Date, that is, whether or not the property is to re-vest
in the Debtor, or remain property of the estate.

Newtek says that the Plan fails to provide for adequate means of
its implementation, in that it:

    (a) fails to provide for adequate funding, in that the
        primary source of income is derived from rent payable by
        B&B FBI, which has not itself filed a plan and disclosure
        statement, and cannot be assured to represent a viable and

        reliable source of income for the Debtor, so that the Plan

        cannot be found to be feasible;

    (b) fails to provide for the Debtor's retention of all or any
        part of the property of its estate; and

    (c) fails to provide for adequate remedies should the Debtor
        default under the Plan, in which case, the automatic stay
        should be terminated on Newtek's filing of a Certificate
        of Default, and all creditors and other parties in  
        interest should be authorized to move to dismiss or
        convert Debtor's case to one under Chapter 7, and all such

        remedies should be clearly set forth in the Plan.

The Objection is available at:

            http://bankrupt.com/misc/pamb16-02183-54.pdf

Newtek is represented by:

     John J. Winter, Esq.
     Robert J. Murtaugh, Esq.
     THE CHARTWELL LAW OFFICES, LLP
     970 Rittenhouse Road, Suite 300
     Eagleville, PA 19403
     Tel: (610) 666-7700
     Fax: (610) 666-7704
     E-mail: jwinter@chartwelllaw.com

As reported by the Troubled Company Reporter on Nov. 15, 2016, the
Debtor filed with the Court a disclosure statement referring to the
Debtor's plan of reorganization.  The Debtor has two secured
claims.  The secured claimants are Newtek, which has a secured
claims of $1,616,713.59 and a loan arrearage of $98,883.49 and the
MCTCB, which has a secured claim of $386,440.25.  These claims are
classified as Class 4 Secured Claims and are only impaired with
regard to timing of payment since, the Debtor is proposing to pay
these claims, in full.  Payment of these claims will start 30 days
after the effective date of the Plan and will continue until the
arrearages are paid, in full.  

                     About B & B Real Estate

B & B Real Estate General Partnership is a Pennsylvania partnership
which is principally involved in the development and leasing of its
real estate.  At the time of the filing of its Chapter 11
bankruptcy, the Debtor owned a single parcel of real estate located
at 117 Rose Street, Scotrun, Monroe County, Pennsylvania.  The
parcel of land is 2.54 acres and includes a commercial building
which is primarily used for a gym and fitness center.  

The Debtor filed a Chapter 11 bankruptcy petition (Bankr. M.D. PA.
Case No. 16-02183) on May 23, 2016.  The Hon. Robert N. Opel II
presides over the case.  Law Office of Philip W. Stock represents
the Debtor as counsel.

In its petition, the Debtor estimated $1.51 million in assets and
$2.01 million in liabilities.  The petition was signed by Robert
C.
Bishop, general partner.


BALTIMORE GRILL: Trustee's Sale of Baltimore Assets Approved
------------------------------------------------------------
Judge Jerrold N. Poslusny of the U.S. Bankruptcy Court for the
District of New Jersey authorized the sale by Catherine E.
Youngman, Trustee of Baltimore Grill, Inc., of her right, title and
interest in and to the Debtor's business consisting of certain
tangible and intangible assets of Baltimore Grill, Inc., including
inventory, the furniture, equipment, and collectibles, the Plenary
Retail Consumption License No. 0102-33-029-005 issued by the City
of Atlantic City and the real property located at 2800-2806
Atlantic Avenue, Atlantic City, New Jersey, identified on the
municipal tax map as Block 175, Lot 2, to Boulevard Capital, LLC,
for $1,575,000.

The auction and Sale Hearing was held in the Court on Dec. 6,
2016.

The sale is free and clear of all liens, claims, interests, and
encumbrances.

In the absence of any stay pending appeal, if the Buyer elects or
is required to close under the Agreement at any time after the
entry of the Sale Order, then, with respect to the sale
transaction, the Buyer will be entitled to the protections of
Section 363(m) of the Bankruptcy Code if the Sale Order or any
authorization contained is reversed or modified on appeal.

The within sale is a sale by a Trustee in a bankruptcy proceeding,
and is therefore exempt from the realty transfer tax set forth in
N.J.S.A. 46:15-5 et seq.

The Trustee will pay the secured tax liens at closing in the manner
provided for in N.J.S.A. 54:5-1 et. seq..

In the event that the Sale to the Successful Bidder or the Buyer
does not close due to the Successful Bidder's or Buyer's failure to
perform, then and in that event, the Trustee

may keep the Successful Bidder or the Buyer's deposit without
further Order of the Court.  Moreover, the Trustee may then proceed
to Closing with the designated Back-up Bidder without further Order
of the Court.

                     About Baltimore Grill

Baltimore Grill, Inc., aka Tony's Baltimore Grill, based in
Atlantic City, N.J., filed a Chapter 11 petition (Bankr. D.N.J.
Case No. 16-10816) on Jan. 18, 2016.  The Hon. Jerrold N. Poslusny
Jr. presides over the case.  Ira Deiches, Esq., at Deiches &
Ferschmann, served as counsel.  In its petition, the Debtor total
assets of $1.09 million and total liabilities of $939,063.  The
petition was signed by Michael A. Tarsitano, director.

On May 24, 2016, the Court granted the request of the U.S. Trustee
to appoint a Chapter 11 trustee.  Subsequently, Catherine E.
Youngman was named as the Chapter 11 Trustee.

The Court denied the request of the Debtor to hire Michael A.
Fusco
II, Esq., as Special Counsel/Provisional Director.


BANESCO USA: Fitch Affirms 'B+' Issuer Default Ratings, Outlook Pos
-------------------------------------------------------------------
Fitch Ratings has affirmed Banesco USA's Long- and Short-Term
Issuer Default Ratings (IDRs) at 'B+'/'B'. The Rating Outlook has
been revised to Positive from Stable.

KEY RATING DRIVERS

IDRS AND VIABILITY RATINGS
The action reflects BNSC's improvements in business and financial
performance. To date, the company has exhibited improving trends
across asset quality, profitability and capitalization measures.
Further, the company continues to build its South Florida franchise
by focusing on domestic lending and deposit-gathering activities.

The Rating Outlook has been revised to Positive from Stable to
reflect Fitch expectation that the company will demonstrate
sustained improvement in financial measures, particularly earnings
and asset quality. Furthermore, Fitch would expect continued
execution of strategic initiatives such as diversification of the
deposit base and targeted growth in foreign correspondent banking
relationships. Strategic initiatives include leveraging affiliated
Banesco companies such as ABANCA (BB+/bb+/Stable) in Spain to grow
loans and deposits within the Spanish-speaking community in Florida
and gain additional foreign correspondent banking relationships.
BNSC has also started an online deposit platform, providing an
additional source of funding.

Fitch's rating action incorporates the view that the bank has made
improvements in risk management, controls, and oversight across its
major risk exposures following the Consent Order in 2013 related to
the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML)
deficiencies. Such improvements include a formal board-approved
enterprise risk management (ERM) policy and the implementation of
BSA/AML oversight tools and processes to monitor and manage
potential high risk activities. As these improvements season, they
should help to inculcate a compliance-focused culture across the
BNSC organization.

In April 2016, the bank's Consent Order related to deficiencies in
its compliance with BSA and AML laws and regulations was lifted by
the FDIC and the Florida Office of Financial Regulation.

Fitch believes BNSC's current and expected earnings are
satisfactory, and are in line relative to many other Fitch rated
community banks. "During 2016, the company improved its ROA and ROE
measures to 57bps and 6.1%, respectively. In our view, this trend
is likely sustainable over the very near term, as the company
continues to report positive operating leverage driven by a
significant reduction in costs associated with efforts to support
its BSA/AML remediation. Over the medium term, the cost reductions
noted are likely to be tempered by a flat net interest margin
(NIM). Looking forward, we believe large gains in profitability are
limited, as the bank focuses on diversifying its deposit mix by
adding more domestically-sourced deposits, which are higher cost.
We expect that 2017 earnings measures will be in line with current
levels," Fitch says.

Fitch views BNSC's credit performance to date as commensurate with
the current rating level and continue to expect improvement. Fitch
calculates BNSC's NPAs (non-performing assets; includes loans 90
days past due and still accruing, accruing TDRs, and OREO) at 1.76%
as of third quarter 2016 (3Q16). "We also note that a reduction in
NPAs during 2016 has not come with higher credit costs as evidenced
by near-zero NCOs-to-average assets over the past five quarters,"
Fitch says.

However, BNSC's strong growth in recent years, its concentration in
commercial real estate (CRE), and its geographic concentration in
South Florida are viewed by Fitch as rating constraints relative to
similarly rated peers. Fitch recognizes, however, that CRE
concentration in local markets such as South Florida tends to be
above community bank averages. In addition, the CRE concentration
could drive some modest volatility in NPA measures, but at this
stage Fitch believes credit losses should be manageable. The
company is expanding its foreign correspondent bank activities in
select countries including the Dominican Republic and Spain as well
as growing CRE and commercial & industrial (C&I) loans. BNSC's
capitalization is appropriate for its risk profile; however, the
lack of access to external capital is considered a rating
constraint. As of Sept. 30, 2016, the bank's Fitch core
capital/risk-weighted assets ratio was 12.35% and its tangible
common equity/tangible assets ratio was 9.75%. Although Fitch
considers the capital base sufficient to support risks within the
business mix, a return to high loan growth coupled with limited
profitability may impact capital ratios.

Although BNSC is affiliated with the Banesco Group and shares
common ownership, BNSC does not have a holding company structure
and there is no direct ownership linkage to Banesco Banco Universal
(BBU) in Venezuela. BNSC benefits from the "Banesco" brand, its
strong recognition in Latin America, and BBU's market-leading
position in Venezuela. BBU is Venezuela's largest privately held
bank in terms of deposits and assets. In Fitch's opinion, contagion
risk from BBU, which shares the same brand, is limited at this
time.

The company's liquidity profile is driven by its large core deposit
base that relies on a high volume of international deposits, which
make up about 50% of total deposits. The majority of international
funding is sourced from Venezuelan depositors who have turned to
U.S. banks as a safe haven. These deposits typically have a very
low attrition rate, limited rate sensitivity, and provide a stable
source of low-cost funding. However, deposit inflows are expected
to be limited and the company may experience some outflows driven
by rising inflation in Venezuela. In an effort to reduce reliance
on Venezuelan funding, management has been working to grow domestic
deposits in conjunction with loan growth. Fitch views the
diversification of funding sources positively. Furthermore, BNSC
maintains a high level of cash and liquid assets as well as
secondary liquidity sources to support immediate liquidity needs.

Fitch notes that there may be risks to BNSC's Venezuelan depositors
seeking other U.S.-based banking institutions in which to deposit
their monies in the event there are concerns regarding BNSC or the
Banesco Group. However, to date, BNSC has actually benefited from
its association with the Banesco brand, despite volatility in
Venezuela, as demonstrated by its relatively stable deposit base
overall. Fitch notes that depositor behavior has thus far been
manageable; however, should a significant change in depositor
behavior become evident, BNSC's ratings may be impacted.

SUPPORT RATING AND SUPPORT RATING FLOOR
BNSC has a Support Rating (SR) of '5' and Support Rating Floor
(SRF) of 'NF'. In Fitch's view, BNSC is not systemically important
and, therefore, the probability of support is unlikely. The IDRs
and Viability Ratings (VRs) do not incorporate any support.
Historically, BNSC's principal shareholders have demonstrated a
willingness to provide capital; however, Fitch's rating analysis
does not assume capital support from the shareholders.

LONG- AND SHORT-TERM DEPOSIT RATINGS
BNSC's uninsured deposit ratings are rated one-notch higher than
the company's IDR because U.S. uninsured deposits benefit from
depositor preference. U.S. depositor preference gives deposit
liabilities superior recovery prospects in the event of default.

RATING SENSITIVITIES
IDRS AND VRS
BNCS's ratings may be upgraded with continuing improvement in
financial performance, particularly earnings and asset quality
measures, and demonstrated execution of its deposit diversification
and loan growth strategies within the context of its enhanced risk
management function.

The Rating Outlook could return to Stable or the rating could even
be downgraded should the company exhibit aggressive organic loan
growth. This risk is further accentuated given Banesco's already
significant growth in CRE and commercial C&I loans through a
relatively benign credit environment. Should credit losses
deteriorate significantly, thereby impacting capital, negative
rating action could ensue.

While not anticipated, given BNSC's ties to the Banesco Group and
considerable Venezuelan deposit base, material changes in deposit
behavior leading to unexpected deposit outflows could also result
in negative rating action.

SUPPORT RATING AND SUPPORT RATING FLOOR
BNSC's SR and SRF are sensitive to Fitch's assumption around
capacity to procure extraordinary support in case of need. Since
BNSC's SR and SR Floor are '5' and 'NF', respectively, there is
limited likelihood that these ratings will change over the
foreseeable future.

LONG- AND SHORT-TERM DEPOSIT RATINGS
The ratings of long- and short-term deposits issued by BNSC are
primarily sensitive to any change in BNSC's Long- and Short-Term
IDRs.

Banesco USA was established in 2006 by the principal shareholders
of the Banesco Group and provides traditional banking services,
primarily real estate financing, to retail clients as well as to
small-to-medium-sized companies. Services are offered via a total
of five branches with two in Miami-Dade County, two in Broward
County and one in San Juan, Puerto Rico. Banesco USA is based in
Coral Gables, FL.


BARATTA REVOCABLE TRUST: Unsecureds to Recover 4.98% Under Plan
---------------------------------------------------------------
The Patrick A. Baratta Revocable Trust filed with the U.S.
Bankruptcy Court for the Southern District of Florida a small
business disclosure statement describing its chapter 11 plan of
reorganization, dated Dec. 19, 2016, which proposes to give general
unsecured creditors a distribution of 4.98% of their allowed
claims.

Class 3 (General Unsecured Class) is impaired. The claims in this
class total $482,248. This amount includes the deficiency claim
from Class 2 in the amount of $479,645, the claim of All Gas
Services, Inc., in the amount of $1,115 and Portfolio Recovery
Assets, LLC, in the amount of $1,487. Estimated recovery of claims
in this class is 4.98%.

Payments and distributions under the plan will be funded by the
rental income received by the Debtor
from the lease of his real property located at 295 NW 64th Street,
Boca Raton, FL. The lease currently is $1,500 per month. However,
the monthly lease payments shall increase upon confirmation of the
chapter 11 plan of reorganization. The monthly rental payments
shall increase to $2,700. The increase in the rental amount shall
cover the payments under the proposed plan of reorganization.

A full-text copy of the Disclosure Statement is available at:

        http://bankrupt.com/misc/flsb16-13168-47.pdf

The Debtor is represented by:

     Brett A. Elam, Esq.
     Farber + Elam, LLC
     105 South Narcissus Avenue, Suite 802
     West Palm Beach, FL 33401

The Patrick A. Baratta Revocable Trust sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No.
16-13168) on March 4, 2016. The Debtor is represented by Brett A
Elam, Esq., at Farber + Elam, LLC.


BH SUTTON: Sutton Mezz Unsecureds To Get Share of Remaining Cash
----------------------------------------------------------------
Sutton 58 Associates, LLC, and the Official Committee of Unsecured
Creditors filed with the U.S. Bankruptcy Court for the Southern
District of New York a disclosure statement filed on Dec. 5, 2016,
for the joint Chapter 11 plan of liquidation.

The Debtor have withdrawn their proposed Plan and, as such, the
only Plan being pursued is the creditors' plan.

Class 7: Unsecured Claims against Sutton Mezz is $5,216,490.  In
the event of a sale to a third party purchaser, if available cash
remains after the payment in full of (or establishment of a reserve
for) all allowed claims in all prior classes of claims, then each
holder of allowed unsecured claims against Sutton Mezz will receive
its pro rata share of remaining available cash until the payment in
full of all allowed unsecured claims against Sutton Mezz.  Class 7
is impaired.

The Plan provides that it will be implemented based upon the sale
of assets.

In the event a lender resolution occurs, including if the lender
elects to deem a Lender Resolution to have occurred as provided in
the Plan, then on the later of (i) the Effective Date or as soon as
reasonably practicable thereafter if the Lender Resolution occurs
after the Effective Date, or (ii) the sale date, the Lender will
fund the Plan by transferring to the wind down officer (x) the
initial plan funding and (y) the expense contribution; provided,
however, that as and to the extent provided in Section 3.07(b) of
the Plan, the sale proceeds shall be applied on the Sale Date to
reimburse the Lender in full for the amount of the Initial Plan
Funding and the expense contribution (if the amounts have been paid
by the Lender).  Any portion of the Expense Contribution that is
not required for the payment of the costs and expenses may be
distributed to holders of allowed claims as provided in the Plan.
If the Lender (or its designee) acquires the assets as the
purchaser pursuant to the credit bid agreement, then one (but not
both) of these will apply: (A) upon the qualification of the real
property for Grandfathering, the Lender will fund an additional
$500,000 under the Plan, or (B) alternatively, if the Lender sells
the real property to a third party on or before the nine-month
anniversary of the sale date and the net sale proceeds exceed $190
million, then the Lender will fund 50% of excess under the Plan (up
to $500,000), but in no event will the Lender be required to fund
more than an additional $500,000 under the Plan.

The Lender Contribution will be payable only in the event that a
Lender Resolution occurs, including if the Lender elects to deem a
Lender Resolution to have occurred as provided in the Plan.  For
the avoidance of doubt, the Lender's sole payment obligation under
the Plan, including in respect of any acquisition of assets under a
credit bid agreement, will be the Lender Contribution; provided
however that if and to the extent the Lender (or its designee)
acquires the assets under the Plan for an amount in excess of the
lender credit bid threshold, then the Lender (or its designee) will
pay as additional consideration the cash portion of its purchase
price on account of its purchase of the assets in excess of the
Lender Credit Bid Threshold; provided further however that cure
amounts and other obligations assumed by the Lender (or its
designee) on account of any assumed Executory Contracts will not be
included in the determination of the cash portion of its purchase
price for such calculation purposes.  In the event that a Third
Party Purchaser is the successful bidder, then the Plan will be
funded with the sale proceeds of the sale as provided for in the
Plan, proceeds of the sale of post-confirmation estate assets and,
if applicable, the Lender Contribution.

The deadline for ballots casting votes to accept or reject the
Creditors' Plan is Jan. 2, 2017, at 4:00 p.m. (prevailing Eastern
Time).

The Disclosure Statement is available at:

           http://bankrupt.com/misc/nysb16-10455-326.pdf

               About BH Sutton and Sutton 58 Owner

New York City-based BH Sutton Mezz LLC filed for Chapter 11
protection (Bankr. S.D.N.Y. Case No. 16-10455) on Feb. 26, 2016.
The petition was signed by Herman Carlinsky, president.  The Hon.
Sean H. Lane presides over the case.  Joseph S. Maniscalco, Esq.,
at Lamonica Herbst & Maniscalco, LLP, represents BH Sutton in its
restructuring effort.  The Debtor estimated assets at $100 to $500
million and debts at $10 million to $50 million.

Sutton 58 Owner LLC filed a separate Chapter 11 bankruptcy petition
(Bankr. S.D.N.Y. Case No. 16-10834) on April 6, 2016.  Sutton Owner
estimated assets at $100 million to $500 million and debts at $100
million to $500 million.  Sutton Owner's business consists of the
ownership and operation of these real properties: (a) 428, 430 and
432 East 58th Street, New York, New York, 10022, including all air
rights and inclusionary air rights related thereto; and (b) the
cooperative apartments identified as 1R, 2D and 2N located at 504
Merrick Road, Lynbrook, New York 11583.  Sutton Owner seeks to
retain Joseph S. Maniscalco, Esq., and Jordan C. Pilevsky, Esq., at
Lamonica Herbst & Maniscalco, LLP, as its counsel.

Both cases are jointly administered.

The Debtors' businesses consisted of the development of a 950-foot
building in midtown Manhattan in the historic Sutton Place
neighborhood located at 428, 430 and 432 East 58th Street, New
York, New York 10022.


BILLYS ROADHOUSE: Must File Plan & Disclosures By Jan. 20
---------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Pennsylvania
has given Billys Roadhouse, Inc., a Chapter 11 small business plan
and disclosure statement by Jan. 20, 2017.

Billys Roadhouse, Inc., filed a Chapter 11 petition (Bankr. W.D.
Pa. Case No. 16-21969) on May 25, 2016.  The Debtor is represented
by Robert O. Lampl, Esq.


BRIGHT MOUNTAIN: Acquires Firefighting Apparel Brand & Online Shop
------------------------------------------------------------------
Bright Mountain Media, Inc., announced that on Dec. 16, 2016, with
an effective date of Dec. 15, 2016, and pursuant to the terms of
the Asset Purchase Agreement by and among Bright Mountain Media,
Inc., its subsidiary Bright Mountain, LLC, Sostre Enterprises,
Inc., Pedro Sostre III and James Love, the Company completed the
acquisition of assets from Sostre Enterprises, Inc. related to the
Black Helmet apparel division which includes various website
properties and content, social media content, inventory and other
intellectual property rights.

Launched in June 2008, Black Helmet is a brand that embodies
Firefighter culture and principles: Courage, Dedication, Sacrifice
and Tradition.  Founded by third-generation firefighter James Love
and Internet business and marketing expert Pedro Sostre, Black
Helmet clothing and accessories feature designs that are hand
drawn, unique and relay the fearless side of firefighting.  Since
launch, Black Helmet has sold over 365,000 t-shirts, hats and
accessories, has 75,000 average monthly visitors to its website and
over 400,000 Facebook followers.

Under the terms of the Asset Purchase Agreement, Bright Mountain
acquired the assets constituting the Black Helmet brand for an
aggregate purchase price of (i) $250,000 in cash, (ii) 200,000
shares of Bright Mountain Media's common stock, (iii) the
forgiveness of $200,000 in working capital advances to the seller,
and (iv) the assumption of $40,000 in liabilities.

In connection with the acquisition, and to ensure the continuity of
the operations, effective Dec. 15, 2016, Mr. Sostre and Mr. Love
have been retained as independent contractors for a period of three
years.

To view the associated Form 8-K filed, please visit:

                   http://tinyurl.com/j8rv756

                      About Bright Mountain

Based in Boca Raton, Fla., Bright Mountain Media, Inc., a media
holding company, owns and manages Websites in the United States.
It operates through two segments, Product Sales and Services.  The
company develops Websites, which provide information and news to
military, law enforcement, first responders, and other public
sector employees; and information, including originally written
news content, blogs, forums, career information, and videos.

As of Sept. 30, 2016, Bright Mountain had $2.20 million in total
assets, $512,694 in total liabilities and $1.69 million in total
shareholders' equity.

"The Company sustained a net loss of $1,989,265 and used cash in
operating activities of $1,394,127 for the nine months ended
September 30, 2016.  The Company had an accumulated deficit of
$8,147,020 at September 30, 2016.  These factors raise substantial
doubt about the ability of the Company to continue as a going
concern for a reasonable period of time.  The Company's
continuation as a going concern is dependent upon its ability to
generate revenues and its ability to continue receiving investment
capital and loans from related parties to sustain its current level
of operations," as disclosed in the Company's quarterly report for
the period ended Sept. 30, 2016.


C&D COAL: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

      Debtor                                      Case No.
      ------                                      --------
      C&D Coal Company, LLC                       16-24726
      110 Lee Valley Road
      Derry, PA 15627

      Derry Coal Company, LLC                     16-24727
      1 Coal Loader Drive
      Derry, PA 15627

Chapter 11 Petition Date: December 22, 2016

Court: United States Bankruptcy Court
       Western District of Pennsylvania (Pittsburgh)

Judge: Hon. Gregory L. Taddonio (16-24726)
       Hon. Thomas P. Agresti (16-24727)

Debtors' Counsel: Robert O Lampl, Esq.
                  ROBERT O LAMPL, ATTORNEY AT LAW
                  960 Penn Avenue, Suite 1200
                  Pittsburgh, PA 15222
                  Tel: 412-392-0330
                  Fax: 412-392-0335
                  E-mail: rol@lampllaw.com

                                        Estimated   Estimated
                                         Assets     Liabilities
                                        ---------   -----------
C&D Coal Company                        $10M-$50M    $10M-$50M
Derry Coal                               $1M-$10M     $1M-$10M

The petitions were signed by Jimmy Edward Cooper, managing member.

C&D Coal's List of 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
AC Power Tech Inc.                                       $30,005

B&F Parts and Service Inc.                              $180,000

Bentley Development Co.                                  $66,527

Conveyor Specialties, Inc.                                $5,481

David Stanley Consultants                                $11,261

Department of Treasury                                  $300,000
Internal Revenue Service
Cincinnati, OH
45999-0039

Dolges Electric                                           $54,226
  
Everest Business Funding                                  $26,000

Francis Enterprises Inc.                                  $76,994

Global Mine Service                                       $74,276

GMS Mine Repair & Maintenance                              $7,000

IPS - Indiana PA                                          $10,500

Johnson Industries                                        $21,979

Joseph Maintenance Services, Inc.                         $12,854

LOGI-TEC                                                  $15,668

Meyer Unkovic & Scott                                     $40,000

Mike Welmer Construction                                  $30,000

MSHA                                                      $14,851

W.B. Kania & Associates, LLC                              $63,787

Weimer Rebuilding, Inc.                                  $189,053


CALIBRE ACADEMY: Fitch Affirms 'B' Rating on $15.7MM Rev. Bonds
---------------------------------------------------------------
Fitch Ratings has affirmed the 'B' rating on $15.7 million of
Industrial Development Authority of the County of Pima, Arizona
education revenue refunding bonds (Carden Traditional Schools
project) series 2012. The Rating Outlook is Stable.

Carden Traditional Schools is now known as Calibre Academy.

SECURITY

The bonds are an absolute and unconditional obligation of the
borrower (Calibre) and the guarantor, E-Institute Charter School,
Inc. (EICS), payable from all legally available revenues, and
secured by a first lien on facilities owned by the borrower. There
is additionally a debt service reserve cash-funded to maximum
annual debt service (MADS).

KEY RATING DRIVERS

LOW SPECULATIVE-GRADE CHARACTERISTICS: The 'B' rating reflects
Calibre's improved but still tenuous financial position that
includes a high debt burden, lower than anticipated enrollment in
fall 2016 and historical coverage of debt service only with
substantial, albeit planned, EICS support.

IMPROVED FINANCIAL PERFORMANCE: Calibre's improved operating
performance in fiscal 2016 stems from an improved state funding
environment. Moreover, the financial cushion at June 30, 2016, on a
consolidated basis (Calibre plus EICS), improved, but remains
consistent with the rating category.

ENROLLMENT DECLINES: Calibre's enrollment decreased in fall 2016
for the second consecutive year, although management reports it is
within an adjusted budget. Enrollment at EICS has been more
stable.

DEBT SERVICE COVERAGE IMPROVES: Combined (EICS and Calibre)
transaction maximum annual debt service (TMADS) coverage improved
to 3.5x in fiscal 2016 from 3.1x in fiscal 2015. Calibre alone had
significantly slimmer TMADS coverage of 1.3x, although improved
from 1.0x the year before.

RATING SENSITIVITIES

OPERATING PERFORMANCE: Calibre Academy's ability to sustain
breakeven-to-positive operations, leading to better debt service
coverage and less reliance on E-Institute Charter School's (EICS)
performance, could lead to rating improvement over time. EICS's
operations remain essential to the rating.

FAILURE TO MEET COVERAGE TEST: The inability to meet the TMADS
coverage test of 1x for the combined entity (Calibre and EICS) may
constitute an event of default. Fitch would likely downgrade the
bonds in this case to reflect the increased volatility due to
remedies that include an accelerated timeline for bond redemption.
For fiscal 2016, combined TMADS coverage was solid at 2.2x.

CHARTER-RELATED CONCERNS: A limited financial cushion; substantial
reliance on enrollment-driven per pupil funding; and charter
renewal risk are credit concerns common among all charter schools
which, if pressured, could have a negative impact on the rating.

CREDIT PROFILE

Calibre serves grades K-8 and includes one charter school in
Surprise, AZ. Calibre's second physical campus in Glendale and its
virtual campus were both voluntarily closed in 2014. EICS, the
financial guarantor for the rated debt of Calibre, maintains six
physical campuses and a virtual campus.

The schools maintain separate financial statements; however, their
governance structures are intertwined, since a single education
management organization (EMO), Learning Matters Educational Group,
Inc. (LMEG), manages both schools' financial statements and charter
agreements. .Gross revenues for both Calibre and EICS flow directly
from the state treasurer to the trustee for debt service, prior to
flowing back to the individual institutions. LMEG's contract with
both schools has been extended through the 2017/2018 academic
year.

Both Calibre and EICS were initially authorized by Arizona State
Board for Charter Schools (ASBCS, the authorizer) with 15-year
terms that expired in 2015. Both charters have been renewed for
additional 20-year terms. LMEG serves as EMO for both schools and
maintains a productive working relationship with the ASBCS.

ENROLLMENT DECLINES

Calibre's total average daily membership (ADM), which includes only
the Surprise campus, decreased 17% to 554 in fall 2016 from 670 in
fall 2015. This was below the enrollment budget of 600. Management
reports making budget and expense adjustments to accommodate the
enrollment drop, which helps to partially mitigate the effect of
lower student-generated revenue. ADM for EICS in fall 2016 was
slightly below fall 2015 (i.e. 801 vs. 880), but well above the 700
enrollment budget.

Management attributes the Calibre enrollment decline to competition
from a new charter school. Management is studying how to
differentiate Calibre's marketing program and academic offerings to
rebuild enrollment. Fitch will monitor enrollment levels.

At the time of the recent charter renewal, Calibre and EICS were
noted as generally meeting academic requirements by the authorizer,
ASBCS. However, post-renewal there was a decline in Calibre's
academic performance. Calibre is not labeled a failing school by
ASBCS; and the authorizer indicated that the charter is not
presently at risk of revocation. Academic data throughout Arizona
is based on the 2013/2014 academic year state rankings, which are
not comparable to new tests and are not benchmarked. Management
expects the new academic performance framework to commence with the
2017/2018 academic year.

The state department of education reclassified all of EICS campuses
as alternative, reflecting its at-risk population. The most recent
2013/2014 academic results met the board's academic requirement.

OPERATING MARGINS IMPROVE

Audited consolidated fiscal 2016 margins are positive and improved
to $1.3 million or 22.7% (from 19% in fiscal 2015). Calibre's
individual performance also improved to $227,000, a positive 4.1%
after at least four consecutive years of operating deficits. Fitch
notes that operating margins are relatively small notional amounts.
For just EICS, its margin improved to $1.1 million or 16.9%, up
from 15.1% in fiscal 2015. Fitch views positive consolidated
margins as supporting the rating.

As noted in Fitch's last review, Calibre failed to meet the ASBCS
financial performance framework standard in the 2014/2015 year with
respect to unrestricted days liquidity, growth in net income and
cash flow measures. However, Calibre was in compliance with
financial performance for the 2015/2016 academic year.

Management partially attributes improved operating performance to
increases in state per-pupil funding and managed expenses. Typical
of most charter schools, revenue flexibility is very limited with
about 80% of Calibre's operating revenues derived from state
per-pupil funding. EICS's revenue dependency was closer to 90%.
Favorably, the funding environment has improved in Arizona. In May
2016, state voters passed Proposition 123 (Prop 123), which raised
the base level of per pupil funding to $3,600 for fiscal 2016 from
$3,426.74, an increase of 5%.

The new legislation ties future increases in base level funding to
the rate of inflation, and generates additional revenues of $3.5
billion for all Arizona public schools, including charter schools,
over the next 10 years from the State Land Trust. About $50 million
was paid out in fiscal 2016.

LIQUIDITY AND DEBT SERVICE COVERAGE IMPROVE

Available funds (AF) for Calibre and EICS, on a consolidated basis,
covered 39.7% and 24.3% of operating expenses and debt,
respectively. These ratios represented a significant improvement
from fiscal 2015 (i.e. AF represented 20.6% of expenses and 12.5%
of debt); however, Fitch views these levels as slim.

Combined TMADS coverage (EICS and Calibre) continues to improve,
from 1.8x in fiscal 2015 to 2.2x in fiscal 2016. Adjusting for
management fees which are subordinate to debt service payment,
coverage improved to a solid 3.5x in fiscal 2016, up from 3.1x in
2015. EICS operations, as the guarantor of the bonds, continue to
drive the bond rating.


CAPARRA HILLS: Fitch Affirms 'B+' LT Issuer Default Rating
----------------------------------------------------------
Fitch Ratings has affirmed Caparra Hills LLC Long-Term Issuer
Default Rating (IDR) at 'B+' and the senior secured debt at 'BB'.
Fitch has also assigned a Recovery Rating of 'RR2' to the senior
secured debt. The Rating Outlook is Stable.

The company's 'B+' rating reflects Caparra Hills' limited property
diversification and size, as well as high leverage that is
projected to peak at around 10x in 2017. Caparra Hills' notes have
been notched up to 'BB' to reflect strong recovery prospects in the
event of a default. The company's loan-to-value ratio, based on the
last appraisal, is estimated to be around 75%.

KEY RATING DRIVERS

Recovering Occupancy Rates:

Fitch expects occupancy to improve in FY2017 and expects rates to
recover closer to historical levels by FY2018. Fitch's base case
projections anticipate occupancy will reach 85% by FY2017 and 90%
by FY2018. Occupancy rates deteriorated during the last few years
following the departure of a major tenant, as well as the reduction
in space by a second major tenant. Caparra Hills has successfully
signed leases for close to 90% of space that was vacated.

Concentration and Contracts Risk:

Fitch expects that counterparty risk and contract maturity will
continue to improve as the company replaces key tenants. As of
Sept. 30, 2016, Santander Tower's occupancy rate was 73% of which
about 62% was occupied by 10 major tenants (down from 85% at Sept.
30, 2014). Within 12 months, 26% of its leases are set to expire.
Contract maturity is viewed as manageable, however, as Caparra has
a good track record of renewals.

Secured Bond Enhances Recovery Prospects:

The 'BB' rating on the secured bonds positively incorporates the
collateral support included in the transaction structure. The
payments of the bonds are secured by a first mortgage on the
company's real estate properties and the assignment of leases. The
secured bonds are payable solely from payments made to the Puerto
Rico Industrial, Tourist, Educational, Medical and Environmental
Control Facilities Financing Authority (AFICA) by Caparra Hills.
AFICA serves solely as an issuing conduit for local qualified
borrowers for the purpose of issuing bonds pursuant to a trust
agreement between AFICA and the trustee. The secured bonds are not
guaranteed by AFICA, do not constitute a charge against the general
credit of AFICA, and do not constitute an indebtedness of the
Commonwealth of Puerto Rico or any of its political subdivisions.

Peak in Leverage:
Fitch expects Caparra Hills gross leverage to reach 10x by FY2017,
then gradually improve to 8.5x and below as a result of increased
revenues from new tenants and stable EBITDA margins. Gross leverage
has increased the past three years due to a significant increase in
vacancy rates, after the company lost a major tenant. Caparra had
USD55 million of total debt as of Sept. 30, 2016, composed entirely
of secured bonds and requires annual debt service of approximately
USD5.3 million (interest and principal).

KEY ASSUMPTIONS

-- Recovering occupancy rates;
-- Debt-to-EBITDA reaching 10x at FY2017 then declining to 8.6x and
below;
-- Negative free cash flow (FCF) in FY2017 due to capex on tenant
improvements.

RATING SENSITIVITIES

A downgrade could be triggered from a lack of material improvement
in the company's vacancy rates and contract maturity schedule
coupled with declining cash flow generation, measured as EBITDA,
resulting in weaker credit metrics.

A positive rating action could be triggered by lower business risks
in terms of contract maturity schedule; concentration risk while
improving cash flow generation resulting in lower gross leverage of
about 6.5x. A loan-to-value (LTV) of 60%, or below, would also be
viewed positively.

LIQUIDITY
Adequate Liquidity: Caparra Hills's liquidity position is supported
by its positive cash flow from operations (CFFO) and strong cash
position. As of Sept. 30, 2016, Caparra Hills had USD6.1 million of
cash while its short-term debt obligation was USD1.5 million.
Additionally, the company maintains a debt service reserve fund of
approximately USD8.7 million, covering 18 months of debt service,
and an unsecured committed line of credit for USD1 million. FCF is
expected to turn negative during FY2017, as the company goes
through a period of tenant renovations, but will return to positive
levels during FY2018, driven by increased revenues from new tenants
and lower capex requirements.

FULL LIST OF RATING ACTIONS

Fitch has taken the following rating actions:

Caparra Hills LLC
-- Long-Term IDR affirmed at 'B+';
-- Senior secured debt affirmed at 'BB';
-- Recovery Rating of 'RR2' assigned to senior secured debt.


CAR CHARGING: Amends Form S-1 Prospectus with SEC
-------------------------------------------------
Car Charging Group, Inc., filed with the Securities and Exchange
Commission an amendment to its Form S-1 registration statement
relating to the public offering of shares of common stock, $0.001
par value per share, and warrants to purchase shares of common
stock, of Car Charging Group, Inc.  The warrants are exercisable
immediately, have an exercise price of $ _____ per share and expire
five years from the date of issuance.

The Company's common stock is presently quoted on the OTC Pink
Current Information Marketplace under the symbol "CCGI".  The
Company intends to apply to have its common stock and warrants
listed on The NASDAQ Capital Market under the symbols "BLNK" and
"BLNKW," respectively.  The Company gives no assurance that its
application will be approved.  On Dec. 20, 2016, the last reported
sale price for the Company's common stock on the OTC Pink Current
Information Marketplace was $0.22 per share.  There is no
established public trading market for the warrants.  No assurance
can be given that a trading market will develop for the warrants.

                       About Car Charging

Miami Beach, Florida-based Car Charging Group, Inc., is a leading
owner, operator, and provider of electric vehicle charging
equipment and networked EV charging services.  The Company offers
both residential and commercial EV charging equipment, enabling EV
drivers to easily recharge at various location types.

Car Charging reported a net loss attributable to common
shareholders of $9.58 million in 2015 compared to a net loss
attributable to common shareholders of $22.71 million in 2014.

As of Sept. 30, 2016, Car Charging had $1.97 million in total
assets, $23.04 million in total liabilities, $825,000 in series B
convertible preferred stock and a total stockholders' deficiency of
$21.89 million.

Marcum LLP, in New York, NY, issued a "going concern" qualification
on the consolidated financial statements for the year ended Dec.
31, 2015, noting that the Company has incurred net losses since
inception 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.


CHAPARRAL ENERGY: Files Joint Plan of Reorganization
----------------------------------------------------
Chaparral Energy, Inc. and affiliates filed with the U.S.
Bankruptcy Court for the District of Delaware a disclosure
statement for their joint plan of reorganization, dated Dec. 19,
2016.

The Plan contemplates certain transactions, including, without
limitation, the following transactions:

   (a) With respect to Holders of Allowed Prepetition Credit
Agreement Claims, (i) the Prepetition Credit Agreement will be
deemed amended and restated in its entirety by the Exit Facility
Credit Agreement, which is a four-year credit facility consisting
of a $225 million first-out revolving loan and a $150 million
second-out term loan, (ii) the Waived Postpetition Default Interest
will be deemed released and waived for all purposes, and (iii) each
Holder of an Allowed Prepetition Credit Agreement Claim will
receive either (a) its Pro Rata share of (1) the Exit Facility
Loans and (2) to the extent the outstanding Prepetition Credit
Agreement Claims (excluding the Waived Postpetition Default
Interest) exceed the Exit Facility Loans, cash sufficient to
satisfy such excess, or (b) such other treatment as may be mutually
agreed among the Debtors, the Required Consenting Noteholders, and
the Consenting Prepetition Lenders holding at least 66-2/3% in
principal amount of the Prepetition Credit Agreement Claims and
that constitute at least half in number of the Prepetition
Lenders;

   (b) Each Holder of an Allowed Prepetition Notes Claim will
receive its Pro Rata share of the New Equity Interests Pool and
Subscription Rights to purchase its Pro Rata share of the
applicable Rights Offerings Shares;

   (c) Each Holder of an Allowed General Unsecured Claim will
receive its Pro Rata share of the New Equity Interests Pool and
Subscription Rights to purchase its Pro Rata share of the
applicable Rights Offerings Shares, unless such Holder makes the
Convenience Class Election;

   (d) Each Holder of an Allowed Convenience Class Claim will
receive payment in cash equal to such Allowed Claim;

   (e) Holders of Royalty Payment Litigation Claims votes to accept
the Plan, its Pro Rata share of $6.0 million in the aggregate and
the payment of attorneys’ fees for such class of up to $1,500,000
in the aggregate, or (ii) if the Class of Holders of Royalty
Payment Litigation Claims votes to reject the Plan, its Pro Rata
share of the New Equity Interests Pool and Subscription Rights to
purchase its Pro Rata share of the applicable Rights Offerings
Shares;

   (f) The Intercompany Claims will be reinstated, compromised, or
cancelled, at the option of the relevant Holder of such
Intercompany Claims with the consent of the Required Consenting
Creditors;

   (g) Each Holder of an Allowed Old Parent Interest will not
receive any recovery under the Plan on account of such Equity
Interest;

   (h) The Old Affiliate Interests will remain effective and
outstanding on the Effective Date and will be owned and held by the
same applicable Person(s) that held and/or owned such Old Affiliate
Interests immediately prior to the Effective Date; and

   (i) The legal, equitable, and contractual rights of the Holders
of Allowed Other Priority Claims, Allowed Other Secured Claims, and
Allowed Secured Tax Claims will be unaltered by the plan.

The Debtors believe that as a result of the transactions
contemplated by the plan, including the Exit Facility Credit
Agreement, the Rights Offerings, and the Backstop Commitment, the
Reorganized Debtors should have sufficient cash flow and
availability to make all payments required pursuant to the Plan
while conducting ongoing business operations.

A full-text copy of the Disclosure Statement is available at:

     http://bankrupt.com/misc/deb16-11144-666.pdf

                About Chaparral Energy

Founded in 1988, Chaparral Energy, Inc., is a Delaware corporation
headquartered in Oklahoma City and a pure play Mid-Continent
independent oil and natural gas exploration and production
company.

At March 31, 2016, the Company had total assets of $1,229,373,000,
total current liabilities of $1,940,742,000 and total
stockholders'
deficit of $759,546,000.

Chaparral Energy, Inc., and its 10 affiliates sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case
No. 16-11144) on May 9, 2016.  The petitions were signed by Mark
A.
Fischer, chief executive officer. 

The Debtors are represented by Richard Levy, Esq., Keith Simon,
Esq., David McElhoe, Esq., and Marc Zelina, Esq., at Latham &
Watkins LLP; and Mark D. Collins, Esq., at Richards, Layton &
Finger, P.A., as counsel.  Kurtzman Carson Consultants LLC
serves
as administrative advisor.

The Debtors continue to manage and operate their businesses as
debtors in possession pursuant to Sections 1107 and 1108 of the
Bankruptcy Code.  No trustee or examiner has been requested in
the
Chapter 11 cases.

The Office of the U.S. Trustee on May 18, 2016, disclosed that no
official committee of unsecured creditors has been appointed in
the
cases.

Milbank, Tweed, Hadley & McCloy LLP and Drinker Biddle & Reath LLP
represent an ad hoc committee of holders of (i) 9.875% Senior
Notes
due 2020, (ii) 8.25% Senior Notes, and (iii) 7.625% Senior Notes
due 2022 issued by the Debtors.


CHEDDAR'S RESTAURANT: S&P Assigns 'CCC+' Rating on $105MM Loan
--------------------------------------------------------------
S&P Global Ratings assigned 'CCC+' issue-level rating to Cheddar's
Casual Cafe Inc.'s (subsidiary of Cheddar's Restaurant Holdings
Corp.) senior secured $105 million second-lien term loan, following
the company's decision to revise the capital structure. The
recovery rating is '6' reflecting S&P's expectations for negligible
(0% to 10%) recovery in the event of default.  S&P raised its
rating on the company's $230 million first-lien term loan to 'BB-'
from 'B'.  S&P revised the recovery rating to '1' from '3',
indicating very high (90%-100%) recovery prospects.  Net proceeds
of the new debt will be used to finance the company's acquisition
of a group of franchised restaurants operated by the Greer family
in addition to retiring $116 million in existing debt.  

S&P's 'B' corporate credit rating and stable outlook on Cheddar's
remains unchanged.

The original capital structure rated in November 2016 consisted of
a $335 million first-lien term loan ('B' issue-level rating, with a
'3' recovery rating at the low end of the 50% to 70% range) and an
unrated $35 million revolver.  With this altered capital structure,
Cheddar's term loan is now reduced to $230 million and a new $105
million second lien term loan is being put in place.

S&P also notes the addition of a comprehensive covenant package,
including total and first-lien maximum leverage and minimum fixed
charge coverage ratios.  These are included in the revised credit
agreement with EBITDA cushions set for at least 25%.  These changes
in the debt structure along with these and other more restrictive
terms of the transaction were key factors in S&P's recovery
analysis.

                         RECOVERY ANALYSIS

S&P's recovery analysis considers that with higher amortization
requirements, higher interest expenses and financial covenants, the
company would likely default at a higher EBITDA level than as we
estimated under the previous debt structure.  Furthermore, S&P
believes that in a default scenario, the company would likely close
unprofitable restaurants which would result in lower revenues
offset by some level of return to current EBITDA margins (approx.
11%).  As such S&P estimates an emergence EBITDA of
$53 million (which is about the same level as our estimated fixed
charge requirements in S&P's default scenario) to which S&P applied
a 5x multiple to derive the gross recovery value.  The multiple is
similar to other comparably-rated restaurant operator peers.

Simplified recovery waterfall:

   -- Assumed Default Year: 2019
   -- Emergence EBITDA:  $53 million
   -- Multiple:  5x
   -- Gross recovery value:  $263 million
   -- Est. admin expenses (5%): $13 million
   -- Estimated first-lien secured debt claims: $239 million
   -- Value available for first-lien secured claims: $250 million
   -- Recovery range:  90%-100%
   -- Estimated second-lien secured debt claims: $111 million
   -- Value available for second-lien secured claims:  $11 million
   -- Recovery range: 0%-10%

RATINGS LIST

Cheddar's Restaurant Holdings Corp.
Corporate Credit Rating              B/Stable/--

New Rating
Cheddar's Casual Café Inc.
Senior secured
$105 million second-lien term loan     CCC+
   Recovery rating                      6

Upgraded
Cheddar's Casual Café Inc.
                                        To            From
Senior secured
$230 million first-lien term loan      BB-           B
   Recovery rating                      1             3L


CHESAPEAKE ENERGY: Inks Supplemental Indenture with Deutsche Bank
-----------------------------------------------------------------
Chesapeake Energy Corporation and certain subsidiary guarantors
entered into a sixth supplemental indenture to an Indenture dated
as of April 24, 2014, each among the Company, the Guarantors and
Deutsche Bank Trust Company Americas, as trustee, under which the
Company issued $1 billion aggregate principal amount of 8.00%
Senior Notes due 2025 in a private placement conducted pursuant to
Rule 144A and Regulation S under the Securities Act of 1933, as
amended.

The Notes will initially be guaranteed on a senior, unsecured basis
by all of the Company's subsidiaries that guarantee its revolving
credit facility, secured term loan and senior secured second lien
notes.  In the future, the guarantees may be released and
terminated under certain circumstances.

The Notes bear interest at a rate of 8.00% per year, payable
semi-annually in arrears on each January 15 and July 15 of each
year, beginning on July 15, 2017.  The Notes will mature on Jan.
15, 2025.  The Company may redeem some or all of the Notes at any
time prior to Jan. 15, 2020, at a price equal to 100% of the
principal amount of the Notes to be redeemed plus a "make-whole"
premium.  At any time prior to Jan. 15, 2020, the Company also may
redeem up to 35% of the aggregate principal amount of the Notes
with an amount of cash not greater than the net cash proceeds of
certain equity offerings at a redemption price of 108% of the
principal amount of the Notes, if at least 65% of the aggregate
principal amount of the Notes issued under the Indenture remains
outstanding immediately after such redemption and the redemption
occurs within 180 days after the closing date of such equity
offering.  In addition, the Company may redeem some or all of the
Notes at any time on or after Jan. 15, 2020, at the redemption
prices set forth in the Supplemental Indenture.  In connection with
any redemption, the Company will also pay any accrued and unpaid
interest to, but not including, the redemption date.  If the
Company or certain of its subsidiaries enter into certain
sale-leaseback transactions and do not reinvest the proceeds or
repay certain senior debt, the Company must offer to repurchase the
Notes.

The Indenture contains customary events of default.  If an event of
default occurs and is continuing, the Trustee or the holders of at
least 25% in principal amount of the outstanding Notes may declare
100% of the principal of and accrued and unpaid interest, if any,
on all the Notes to be due and payable.  In case of certain events
of bankruptcy, insolvency or reorganization involving the Company,
100% of the principal of and accrued and unpaid interest on the
Notes will automatically become due and payable.  Upon such a
declaration of acceleration, such principal and accrued and unpaid
interest, if any, will be due and payable immediately.

                  Registration Rights Agreement

In connection with the issuance of the Notes, the Company and
Deutsche Bank Securities Inc., for itself and on behalf of the
several initial purchasers of the Notes, entered into a
Registration Rights Agreement, dated as of Dec. 20, 2016, which
will give holders of the Notes certain exchange and registration
rights with respect to the Notes.  Pursuant to the Registration
Rights Agreement, the Company and the Guarantors have agreed to use
commercially reasonable efforts to file an exchange offer
registration statement with the Securities and Exchange Commission
and to have the registration statement declared effective and to
complete an exchange offer on or prior to June 13, 2018.  Further,
under certain circumstances, in lieu of, or in addition to, a
registered exchange offer, the Company and the Guarantors are
required to use commercially reasonable efforts to cause to become
effective a shelf registration statement relating to the resale of
the Notes.  The Company and the Guarantors are required to pay
additional interest if they fail to comply with their obligations
to register the Notes within the specified time periods.

                         Tender Offers

The Company also announced that, as a result of the consummation of
the Private Placement, the Financing Condition (as defined in the
Offer to Purchase, dated Dec. 6, 2016) with respect to the
Company's cash tender offers to purchase up to $1,200,000,000
aggregate purchase price, exclusive of accrued interest, of its
outstanding 6.5% Senior Notes due 2017, 7.25% Senior Notes due
2018, Floating Rate Senior Notes due 2019, 6.625% Senior Notes due
2020, 6.875% Senior Notes due 2020, 6.125% Senior Notes due 2021,
5.375% Senior Notes due 2021, 4.875% Senior Notes due 2022, 8.00%
Senior Secured Second Lien Notes due 2022 and 5.75% Senior Notes
due 2023 has been satisfied.

                    About Chesapeake Energy

Headquartered in Oklahoma City, Chesapeake Energy Corporation's
(NYSE: CHK) operations are focused on discovering and developing
its large and geographically diverse resource base of
unconventional oil and natural gas assets onshore in the United
States.  The company also owns oil and natural gas marketing and
natural gas gathering and compression businesses.

As of Sept. 30, 2016, Chesapeake had $12.52 billion in total
assets, $13.45 billion in total liabilities and a total deficit of
$932 million.

Chesapeake reported a net loss available to common stockholders of
$14.85 billion for the year ended Dec. 31, 2015, compared to net
income available to common stockholders of $1.27 billion for the
year ended Dec. 31, 2014.


CHIEFTAIN STEEL: Needs to Align Plan Filing Period with Floyd
-------------------------------------------------------------
Chieftain Steel, LLC and Floyd Industries, LLC request the U.S.
Bankruptcy Court for the Western District of Kentucky to extend
their exclusive plan filing period through and including March 1,
2017, and exclusive period to solicit acceptances of a plan through
and including May 1, 2017.

Chieftain does not anticipate that the Exclusivity Motion will be
heard and decided before the expiration of its Exclusive Filing
Period, and may not even be heard and decided by the end of Floyd's
Exclusive Filing Period on January 17, 2017, because of the limited
window of time and intervening Christmas holiday between the filing
of the Exclusivity Motion and December 28, 2016.

Accordingly, the Debtors also request the Court for a bridge order
extending their exclusive filing periods through a date that is
seven days after the entry of an Order resolving its Exclusivity
Motion, and granting them an extension of their Exclusive
Solicitation Period through the first business day that is at least
60 days after the Bridge Exclusive Filing Deadline.  

Likewise, the Debtors do not believe it would be efficient to
prepare and file a plan by December 28, 2016 given the pending
Exclusivity Motion, but at the same time, they do not wish to lose
their exclusivity rights under 11 U.S.C. Section 1121 should the
Court deny the Exclusivity Motion.

The Debtors seek these extensions to align Chieftain's Exclusivity
Periods with those of Floyd, and to allow time for both Debtors,
their estates and their creditors to pursue an orderly plan
process, and to harmonize the exclusivity periods of Chieftain and
Floyd.  Chieftain and Floyd are related entities, and they intend
to put forth a joint plan of reorganization.  

In addition, the Debtors contend that they have both had to resolve
accounting issues caused by their former financial officers, and by
the turnover of their accounting staff since the commencement of
these cases.  The Debtors have also had to withstand the late
summer to early fall period, which traditionally is their leanest
period in terms of annual revenue.

                           *     *     *

Judge Joan A. Lloyd extended Chieftain Steel and Floyd Industries's
exclusive filing periods through and including a date that is seven
days after the entry of an Order resolving the Exclusivity Motion,
and the Debtors' exclusive solicitation periods through and
including the first business day that is at least 60 days after the
Bridge Exclusive Filing Deadline.

            About Chieftain Steel & Floyd Industries

Chieftain Steel, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Ky. Case No. 16-10407) on May 2, 2016.
The Debtor tapped Constance G. Grayson, Esq., at Gullette &
Grayson, PSC, and Dinsmore & Shohl LLP as bankruptcy attorneys.
The Official Committee of Unsecured Creditors retained Fox
Rothschild LLP as its legal counsel, Bingham Greenebaum Doll LLP as
its local counsel, and Phoenix Management Services, LLC as its
financial advisor.

Floyd Industries, LLC, filed a Chapter 11 petition (Bankr. W.D. Ky.
Case No. 16-10837) on Sept. 19, 2016, and is represented by Travis
Kent Barber, Esq., at Barber Law PLLC, in Lexington, Kentucky.  At
the time of filing, Floyd Industries had estimated assets and
liabilities of $1 million to $10 million.

An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Floyd Industries LLC, an
affiliate of Chieftain Steel LLC, as of Nov. 25, according to a
court docket.

The Chapter 11 cases of Chieftain Steel and Floyd Industries are
jointly administered.

Chieftain Steel, LLC and its debtor-affiliates employ Kerbaugh &
Rodes, CPAs as accountant and advisor.


CLINICAL PET: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Clinical Pet of Ocala, LLC
        3143 SW 32nd Avenue, Suite 100
        Ocala, FL 34474

Case No.: 16-04646

Chapter 11 Petition Date: December 22, 2016

Court: United States Bankruptcy Court
       Middle District of Florida (Jacksonville)

Debtor's Counsel: Robert Altman, Esq.
                  ROBERT ALTMAN, P.A.
                  5256 Silver Lake Dr
                  Palatka, FL 32177-8524
                  Tel: 386-325-4691
                  E-mail: robertaltman@bellsouth.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Ali S. Karim, president.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/flmb16-04646.pdf


COEUR MINING: S&P Raises CCR to 'BB-' on Debt Repayment
-------------------------------------------------------
S&P Global Ratings said it raised its corporate credit rating on
Chicago-based silver and gold producer Coeur Mining Inc. to 'BB-'
from 'B+'.  The outlook is stable.

At the same time, S&P affirmed the 'BB-' issue-level rating on
Coeur's senior unsecured notes.  The recovery rating on the notes
is '3', indicating S&P's expectation for meaningful (50% to 70%;
higher end of the range) recovery of principal and interest in the
event of a payment default.

"The stable outlook reflects our expectation that Coeur Mining will
meet its production and cost targets and generate EBITDA such that
core credit ratios remain consistent with a significant financial
risk profile after accounting for cash flow and leverage
volatility, including adjusted debt to EBITDA in the 1x to 2x range
over the next 12 months," said S&P Global Ratings credit analyst
Ryan Gilmore.

S&P would consider a downgrade if it viewed Coeur's business risk
profile to be more consistent with a vulnerable assessment.  This
could be the result of a weakening competitive position due to
increased operating costs, declining profitability or reduced
operating diversity.  S&P could also consider a downgrade if the
company's credit measures were to weaken as a result of
deterioration in operating performance during the next 12 months,
specifically, if debt to EBITDA was sustained above 3x.  This could
occur as a result of a sharp decline in silver and gold prices
coupled with ongoing high levels of capital spending.

S&P could raise the rating in the longer term if it viewed Coeur's
business risk profile to be more consistent with a fair assessment.
This could occur if Coeur increased its operating diversity and
production volumes while maintaining costs at or below average
industry levels.  For a higher rating, S&P would also look for
management to minimize operational surprises and establish a longer
track record of meeting production and cost targets.


CONTINENTAL EXPLORATION: Trustee Selling Interest in LA Wells
-------------------------------------------------------------
Jason R. Searcy, the Chapter 11 trustee of Continental Exploration,
LLC, asks the U.S. Bankruptcy Court for the Eastern District of
Texas to authorize the sale of an undivided 12.4368% interest in
wells Crown X B-1, SN 204651, and Crown Z C-1 SWD, SN 205972,
located in Livingston Field, in Livingston Parish, Louisiana, to C6
Operating, LLC for $41,478.

Objections must be filed within 21 days from the date of service.

A portion of the Debtor's estate consists of the Interest.  The
Trustee has been tendered an offer of sale of the Interest by
virtue of an Offer to Purchase in the amount of $41,478 from the
Purchaser whose address is C6 Operating, LLC, 220 Travis, Suite
502, Shreveport, Louisiana, 71101.

The Trustee desires to accept the Purchase Offer and sell the
Interest.  The sale is proposed to be free and clear of all liens,
claims and encumbrances with any valid liens, claims or
encumbrances attaching to the sale proceeds.

A copy of the Purchase Offer attached to the Motion is available
for free at:

    http://bankrupt.com/misc/Continental_Exploration_374_Sales.pdf

To the best of Trustee's knowledge and belief, the Purchaser is a
disinterested party as defined in 11 U.S.C. Section 101(14).

The Trustee asks the Court to approve the sale of the Interest free
and clear of liens, claims and encumbrances to the Purchaser in
accordance with the Purchase Offer.

                 About Continental Exploration

Continental Exploration, LLC, sought Chapter 11 protection (Bankr.
E.D. Tex. Case No. 15-41607) on Sept. 2, 2015.  The Debtor
estimated assets and liabilities in the range of $0 to $50,000.
Eric A. Liepins, Esq., at Eric A. Liepins P.C., served as the
Debtor's counsel.

On Oct. 26, 2015, a motion to appoint a trustee was filed in the
case.  On Dec. 30, 2015, an order directing the appointment of a
Chapter 11 trustee was filed; and subsequent thereto, on Jan. 4,
2016, Jason R. Searcy was appointed to serve as the Chapter 11
Trustee.

The Chapter 11 Trustee tapped his own firm, Searcy & Searcy, P.C.,
as counsel.


CRIMSON INVESTMENT: Hearing on Disclosures Set For Jan. 18
----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Oregon will hold on
Jan. 18, 2017, at 3:00 p.m. the hearing to consider the approval of
Crimson Investment Group, LLC's disclosure statement referring to
the Debtor's Chapter 11 plan.

Objections to the proposed Disclosure Statement must be filed no
less than seven days before the date of the hearing.

Crimson Investment Group, LLC, sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D. Ore. Case No. 16-32747) on July
14, 2016.  The petition was signed by Tracey Baron, manager.  The
case is assigned to Judge Trish M. Brown.  The Debtor tapped
Michael D. O'Brien & Associates P.C. as counsel.  At the time of
the filing, the Debtor disclosed $852,102 in assets and $1.4
million in liabilities.


CRYSTAL SPOON: Unsecureds To Recoup 100% Over 6 Years
-----------------------------------------------------
The Crystal Spoon Corp. filed with the U.S. Bankruptcy Court for
the Southern District of New York a small business disclosure
statement describing its plan of reorganization, dated Dec. 20,
2016, which proposes to pay general unsecured creditors in full.

Under the plan, Class 4 general unsecured claims are not secured by
any assets of the Debtor and are not entitled to priority under
section 507(a) of the Code. Unless the holder of an allowed Class 4
general unsecured claim agrees to less favorable treatment, the
Debtor will pay holders of allowed Class 4 claims in full without
interest over a period not to exceed 6 years from the Effective
Date. The first payment will be made on Sept. 1, 2018 in an amount
equal to 10% of the amount of such claim. The Debtor shall make
subsequent payments in quarterly installments of 10% of their
claims. The final payment shall be made on Jan. 1, 2021 when Class
4 claimants will have received an amount equal to 100% of their
allowed claims without interest. This class is impaired under the
plan.

Payments to creditors under the plan will be made from funds of the
Reorganized Debtor on hand as of the Effective Date, and funds
realized from the Debtor's business operations following the
Effective Date.

A full-text copy of the Disclosure Statement is available at:

        http://bankrupt.com/misc/nysb16-22238-48.pdf

Headquartered in Elmsford, New York, The Crystal Spoon aka Top
Chef
Meals is in the business primarily of distribution of prepared
meals, co-packing for other suppliers and catering. 

The Debtor filed for Chapter 11 bankruptcy protection (Bankr.
S.D.N.Y. Case No. 16-22238) on Feb. 25, 2016, estimating its
assets
and liabilities at between $1 million and $10 million.  The
petition was signed by Paul Ghiron, president.

Anne J. Penachio, Esq., at Penachio Malara LLP, serves as the
Debtor's bankruptcy counsel.


DAKOTA PLAINS: Files for Ch. 11 to Pursue Sale
----------------------------------------------
Dakota Plains Holdings, Inc., and six of its wholly owned
subsidiaries filed voluntary Chapter 11 petitions, initiating a
process intended to preserve value and accommodate an eventual
going-concern sale of Dakota Plains' business operations.

Dakota Plains is seeking and expects to obtain up to $2 million in
postpetition debtor in possession financing from its senior secured
lender, SunTrust Bank, which, subject to Bankruptcy Court approval,
will provide the Company with liquidity to maintain its operations
in the ordinary course of business during the Chapter 11 process.
Dakota Plains has filed a series of motions with the Bankruptcy
Court requesting authorization to continue normal operations.  The
Company expects that it will continue to work with its current
vendors and customers without interruptions.

Dakota Plains also announced it had filed a motion with the
Bankruptcy Court to approve a sale of substantially all of the
Company's assets to BioUrja Trading, LLC ("BioUrja") for a purchase
price of $8.55 million.  BioUrja Trading is a "stalking horse"
bidder in a sale process under Section 363 of the Bankruptcy Code.
BioUrja's asset purchase agreement will require Bankruptcy Court
approval and be subject to higher or better offers.  The sale
process is supported by SunTrust Bank and will require Bankrupcty
Court approval.  Gabe Claypool, President, Chief Executive Officer
and Chief Operating Officer of Dakota Plains, said, "We believe the
Chapter 11 process will enable the terminal to continue operating
and successfully restructure our balance sheet to position us for
the future."

For access to Bankruptcy Court documents and other general
information about the Chapter 11 cases, please visit
http://www.mnb.uscourts.gov

                 About Dakota Plains Holdings

Dakota Plains Holdings, Inc. (NYSE MKT: DAKP) --
http://www.dakotaplains.com/-- is an energy company operating the
Pioneer Terminal transloading facility.  The Pioneer Terminal is
centrally located in Mountrail County, North Dakota, for Bakken and
Three Forks related Energy & Production activity.

Dakota Plains Holding and six of its wholly owned subsidiaries
filed voluntary Chapter 11 petitions (Bankr. D. Minn. Lead Case No.
16-43711) on Dec. 20, 2016, initiating a process intended to
preserve value and accommodate an eventual going-concern sale of
Dakota Plains' business operations.

Dakota Plains is represented by BakerHostetler as legal counsel and
Canaccord Genuity Inc. as financial advisor and investment banker.


DANIEL WOZNIAK: MFF Buying Equipment for $50K
---------------------------------------------
Judge Michael E. Ridgway of the U.S. Bankruptcy Court for the
District of Minnesota will convene a hearing on Jan. 17, 2017 at
1:30 p.m., to consider Daniel D. Wozniak, Jr.'s sale of equipment
to MFF, LLC, for $50,000.

Any response to the motion must be filed and delivered not later
than Jan. 6, 2017, which is five days before the hearing.

The equipment is subject to the secured interest of Lake Area Bank.
The Debtor currently owes Lake Area Bank prepetition secured debt
in the approximate amount of $2,000,000.

There is no equity in the equipment.  The Proceeds of the sale will
be paid to Lake Area Bank, holding a first position security
interest in the assets being sold.

A copy of the list equipment to be sold and Bill of Sale Agreement
attached to the Motion is available for free at:

           http://bankrupt.com/misc/Daniel_Wozniak_27_Sales.pdf

The Debtor believes that the sale proposed will return more than a
fair and reasonable price for the equipment.  The Debtor no longer
needs the equipment, and its sale in this manner represents a
reasonable business judgment.

The Debtor asks the Court to approve the sale of equipment free and
clear.

Counsel for the Debtor:

          Thomas J. Flynn, Esq.
          LARKIN, HOFFMAN, DALY & LINDGREN, Ltd.
          8300 Norman Center Drive, Suite 1000
          Bloomington, MN 55437
          Telephone: (952) 835-3800

Daniel D. Wozniak, Jr., sought Chapter 11 protection (Bankr. D.
Minn. Case No. 16-32314) on July 26, 2016.  The Debtor tapped
Thomas Flynn, Esq., at Larkin Hoffman daily & Lindgren, Ltd. as
counsel.


DESERT INN: Case Summary & 3 Unsecured Creditors
------------------------------------------------
Debtor: Desert Inn Steak House, Inc.
           aka J & J Apartments, Inc.
        708 North Davis Avenue
        Cleveland, MS 38732

Case No.: 16-14455

Chapter 11 Petition Date: December 22, 2016

Court: United States Bankruptcy Court
       Northern District of Mississippi (Aberdeen)

Judge: Hon. Neil P. Olack

Debtor's Counsel: Glenn H. Williams, Esq.
                  GLENN H. WILLIAMS, PA
                  201 North Pearman Avenue
                  Cleveland, MS 38732
                  Tel: 662-843-3797
                  E-mail: gwmslaw@tecbb.net

Total Assets: $3,500

Total Liabilities: $1.04 million

The petition was signed by Willie Jackson, president.

A copy of the Debtor's list of three unsecured creditors is
available for free at http://bankrupt.com/misc/msnb16-14455.pdf


DIAMOND XPRESS: Court Approves Disclosure Statement
---------------------------------------------------
The Hon. George W. Emerson, Jr., of the U.S. Bankruptcy Court for
the District of Tennessee approved the disclosure statement
referring to the chapter 11 plan of reorganization filed by Diamond
Xpress, LLC.

A Pretrial Conference on confirmation of the plan is set for Jan.
19, 2017 at 9:30 a.m. in Courtroom Number 680 at 200 Jefferson
Ave., Memphis, TN.

Jan. 9, 2017 is fixed as the last day for filing written objections
to the plan, and for filing written acceptances or rejections of
the plan.

Not less than 7 days prior to the scheduled confirmation hearing,
the proponent of the plan shall file a summary tabulation of
ballots stating for each class of claims and interests, the number
and dollar amount of all votes cast, the number and dollar amount
of all acceptances, and the number and dollar amount of all
rejections. For each class of interests, the tabulation shall
indicate the value of all allowed interests held by members of that
class.

Diamond Xpress, LLC, filed for Chapter 11 bankruptcy protection
(Bankr. W.D. Tenn. Case No. 16-23669) on April 18, 2016.  The
Debtor is represented by Russell W. Savory, Esq., at Beard &
Savory, PLLC.


DICKIE POH: SSPIMA and SSPIREH Buying Assets
--------------------------------------------
Dickie Poh Corp. ("DPC") asks the U.S. Bankruptcy Court for the
Eastern District of Virginia to authorize the sale of all owned
real property to SSPI Real Estate Holdings, LLC ("SSPIREH") and
substantially all of its personal property to SSPI Mid-Atlantic,
LLC ("SSPIMA").

DPC is a privately held Virginia corporation in the business of
manufacturing seafood products for consumer consumption.  It
currently operates one processing facility located in Richmond,
Virginia.  DPC does not believe that it can reorganize and continue
as a going concern.

On Dec. 21, 2016, DPC entered into an Asset Purchase Agreement
("APA") with SSPIREH and SSPIMA.  Under the APA, DPC will sell its
real property and substantially all of its personal property.
SSPIREH will purchase the real property, and SSPIMA will purchase
the personal property.

The APA includes these relevant terms:

   a. SSPIREH will purchase the real property owned by DPC.  The
real property is subject to four liens.  The first two are held by
First Citizens Bank and are in the approximate amounts of $356,096
and $22,000, respectively.  The third is in the amount of $500,000
and held jointly by Sustainable Sea Products International, LLC
("SSPI") and Matthew Salisbury.  The fourth is in the approximate
amount of $248,768 and held by SSPI.  The real property has a tax
assessed value of $620,000.  SSPIREH will satisfy the obligations
owed to First Citizens Bank which are secured by the real
property.

   b. SSPIMA will purchase the personal property owned by DPC by
paying the IRS the sum of $83,291, which is the amount of federal
employee tax liability owed by DPC.  SSPIMA will also provide a
fund available for distribution to the unsecured creditors in the
amount that is the lesser of 10% of the unsecured debt of DPC or
$20,000.  SSPI, which is an unsecured creditor in the approximate
amount of $348,768, will not participate in this fund.

   c. On Deck Capital has a first lien and SSPI has a second lien
on substantially all of the personal property of DPC.  On Deck
Capital is owed approximately $135,000, and the value of its
collateral is listed in the DPC's schedules as $91,190.  SSPIMA
will attempt to negotiate with On Deck Capital a price that would
satisfy On Deck Capital's lien on the personal property.

   d. SSPIMA will review DPC's leases and executory contracts and
attempt to negotiate with the lessors for the assumption and
assignment of such leases that SSPIMA determines necessary for its
operation of the business.

   e. SSPIMA will be responsible for all unpaid trade accounts of
DPC that have accrued after the bankruptcy filing and for DPC's
attorney's fees.

A copy of the APA attached to the Motion is available for free at:

         http://bankrupt.com/misc/Dickie_Poh_26_Sales.pdf

DPC believes that a swift sale of the assets under the APA serves a
sound business purpose because, without such a sale, the value of
the assets will deteriorate further, DPC's estate will incur
additional administrative expenses, and DPC will be forced to lay
off its employees and cease its operations.  DPC believes that it
would not be able to command a higher price for the assets through
an auction and, even if it were able to obtain a higher price, any
increase would go to secured creditors, not to unsecured
creditors.

DPC asks that the Court enter an order granting the Motion and
approving the proposed sale of the Assets to SSPIMA free and clear
of any liens, claims, encumbrances, or interests, in accordance
with the APA, and such other relief that may be just and proper.

The Purchaser:

          GLOBAL BLUE TECHNOLOGIES COS.
          Executive Offices
          3204 Tower Oaks Bld., Suite 170
          Rockville, MD 20852
          Facsimile: (301) 770-1240
          E-mail: s.lapointe@globalbluetachnologies.com
          Attn: Stephen C. LaPointe, CPA
          Chief Financial Officer

The Purchaser is represented by:

          Roy M. Terry, Jr., Esq.
          SANDERS ANDERSON PC
          Facsimile: (804) 783-7291
          E-mail: rterry@sandsanderson.com

                     About Dickie Poh

Dickie Poh Corp. is a privately held Virginia corporation in the
business of manufacturing seafood products for consumer
consumption. It currently operates one processing facility located
in Richmond, Virginia.

Dickie Poh Corp. sought Chapter 11 protection (Bankr. E.D. Va. Case
No. 16-35990) on Dec. 7, 2016.  Judge Kevin R. Huennekens is
assigned to the case.

The Debtor estimated assets in the range of $500,000 to $1 million
and $1 million to $10 million in debt.

The Debtor tapped Richard C. Maxwell, Esq., at Wood Rogers PLC as
counsel.

The petition was signed by Matthew Salisbury, president.


DOLPHIN DIGITAL: Inks Subscription Agreements with Noteholders
--------------------------------------------------------------
Dolphin Digital Media, Inc., entered into two separate subscription
agreements with two individual subscribers on Dec. 15, 2016, and
Dec. 20, 2016.  The Subscribers were each holders of outstanding
promissory notes of the Company, issued pursuant to certain loan
and security agreements dated Jan. 15, 2015, and May 4, 2015,
respectively.  Pursuant to the terms of the First Subscription
Agreements, the Company and each of the Subscribers agreed to
convert their respective aggregate amounts of principal and
interest outstanding under the Notes into shares of common stock of
the Company, par value $0.015 per share.  On Dec. 15, 2016, one of
the Subscribers converted the principal balance of such
Subscriber's Notes together with accrued interest, in the aggregate
amount of $1,154,246, into 230,849 shares of Common Stock at $5.00
per share as payment in full of the Notes.  On Dec. 20, 2016, the
other Subscriber converted the principal balance of such
Subscriber's Notes together with accrued interest, in the aggregate
amount of $111,281 into 22,257 shares of Common Stock at $5.00 per
share as payment in full of the Notes.

            Unregistered Sales of Equity Securities

On Nov. 22, 2016, the Company entered into a subscription with an
investor pursuant to which the Company issued 10,000 shares of
Common Stock at $5.00 per share and received gross proceeds in the
amount of $50,000.

The shares of Common Stock issued pursuant to the First
Subscription Agreements and the Second Subscription Agreement have
not been registered under the Securities Act and are "restricted
securities" as that term is defined by Rule 144 promulgated under
the Securities Act.

                     About Dolphin Digital

Coral Gables, Florida-based Dolphin Digital Media, Inc., is
dedicated to the twin causes of online safety for children and
high quality digital entertainment.  By creating and managing
child-friendly social networking websites utilizing state-of the-
art fingerprint identification technology, Dolphin Digital Media,
Inc. has taken an industry-leading position with respect to
internet safety, as well as digital entertainment.

Dolphin Digital reported a net loss of $4.05 million on $2.99
million of total revenue for the year ended Dec. 31, 2015, compared
to a net loss of $1.87 million on $2.07 million of total revenue
for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Dolphin Digital had $22.68 million in total
assets, $39.61 million in total liabilities and a total
stockholders' deficit of $16.92 million.

BDO USA, LLP, in Miami, Florida, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has suffered recurring
losses from operations, negative cash flows from operations, and
does not have sufficient working capital.  These events raise
substantial doubt about the Company's ability to continue as a
going concern.


DOMINICA LLC: Santander Bank To Be Paid $80K, at 5%
---------------------------------------------------
Dominica LLC filed with the U.S. Bankruptcy Court for the District
of Massachusetts a disclosure statement regarding the Debtor's
Chapter 11 plan of reorganization.

Class 1 - Santander Bank Claim is impaired under the Plan.  In full
and complete satisfaction, settlement, release and discharge of the
Class 1 Claim, the holder of the Class 1 Claim will receive upon
the entry of a final court order allowing the Class 1 Claim
payment, which will be in accordance with existing mortgage
modified to fix the maturity date of the loan to 20 years from the
Effective Date, set the amount due and owing to $80,000, and fix
the interest rate to 5% per annum fixed (not variable) paid monthly
in the amount of $527.96.  The real estate taxes and insurance will
be paid by the Debtor directly to the applicable entity.

The Class 1 Claim holder will retain its existing lien.  Upon the
Effective Date, the Santander mortgage will be deemed modified.
The modification will be in force and the mortgage will be deemed
in good standing upon Confirmation as if there has been no default.
Santander Bank will commence sending monthly statements to the
Debtor reflecting the modified payments upon the Effective Date.

The Disclosure Statement is available at:

            http://bankrupt.com/misc/mab16-13461-48.pdf

The Plan was filed by the Debtor's counsel:

     Michael Van Dam, Esq.
     VAN DAM LAW LLP
     233 Needham Street, Suite 540
     Newton, MA 02464
     Tel: (617) 969-2900
     Fax: (617) 964-4631
     E-mail: mvandam@vandamlawllp.com

                           About Dominica LLC

Dominica LLC owns and manages the three family house known and
numbered as 20 Sutton Street, Boston (Mattapan) Massachusetts.

The Debtor filed a Chapter 11 petition (Bankr. D. Mass. Case No.
16-13461) on Sept. 8, 2016.  The petition was signed by Evangeline
Martin, manager.  The Debtor is represented by Michael Van Dam,
Esq., at Van Dam Law LLP.  The Debtor estimated assets and
liabilities at $500,001 to $1 million at the time of the filing.


DONMETZ HOME: Disclosures OK'd; Plan Hearing on Jan. 26
-------------------------------------------------------
The Hon. Victoria S. Kaufman of the U.S. Bankruptcy Court for the
Central District of California has approved Donmetz Home, LLC's
first amended disclosure statement describing the Debtor's first
amended Chapter 11 plan of reorganization.

The hearing on the confirmation of the First Amended Plan and the
continued Chapter 11 status conference will be held on Jan. 26,
2017, at 2:00 p.m.

Objections to confirmation of the Plan stating why the Plan should
not be confirmed, with admissible evidence supporting the
objection, must be filed and served no later than Jan. 6, 2017.

The Debtor must file and serve a confirmation memorandum stating
why the Plan should be confirmed no later than Jan. 16, 2017.

Ballots must be received by Debtor's counsel no later than 4:00
p.m. on Jan. 6, 2017.

Headquartered in Woodland Hills, California, Donmetz Home LLC filed
for Chapter 11 bankruptcy protection (Bankr. C.D. Calif. Case No.
16-10317) on Feb. 2, 2016, estimating its assets and liabilities at
between $1 million and $10 million.

Judge Victoria S. Kaufman presides over the case.

Jonathan Hayes, Esq., at Simon Resnik Hayes LLP serves as the
Debtor's bankruptcy counsel.


E-WORLD USA: Incurs $340,000 Net Loss in June 30, 2015 Quarter
--------------------------------------------------------------
E-World USA Holding, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $339,858 on $58,837 of total sales for the three months ended
June 30, 2015, compared to net income of $1.30 million on $2.23
million of total sales for the three months ended June 30, 2014.

For the six months ended June 30, 2015, E-World USA reported a net
loss of $2.37 million on $309,641 of total sales compared to net
income of $4.21 million on $6.16 million of total sales for the six
months ended June 30, 2014.

As of June 30, 2015, E-World USA had $876,054 in total assets,
$13.32 million in total liabilities and a total shareholders'
deficit of $12.45 million.

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

                  http://tinyurl.com/jh2mv75

                       About E-World USA

E-World USA Holding, Inc., is a provider of Health and Nutritional
supplements and Personal Care products currently sold on the
Internet.  In June 2014, the Company suspended its prior sales
model which involved sales of its products through another website
by means of a network of Direct Sales Associates, or "DSA's".  In
response to the legal action taken by the Chinese authorities that
resulted in freezing approximately $3,643,000 of funds held in a
Chinese account, since June 2014, the Company had mainly sold its
products over the Internet directly to end-user customers, and
sales have decreased in a material amount due to the elimination of
the use of DSA's.

E-World USA reported a net loss of $1.07 million on $6.67 million
of total sales for the year ended Dec. 31, 2014, compared with a
net income of $2.23 million on $4.68 million of total sales for the
year ended in 2013.


E.O. WOOD: Asks Court To Conditionally Approve Disclosure Statement
-------------------------------------------------------------------
E.O. Wood Co., Inc., filed a motion asking the U.S. Bankruptcy
Court for the Northern District of Texas to conditionally approve
its small business combined plan and disclosure statement.

The plan proposes to pay creditors out of the proceeds the Debtor
received from the sale of the substantial portion of its assets to
Distribution International, Inc.

Under the plan, unsecured creditors with allowed unsecured claims
will share on a pro-rata basis $60,000 on their allowed claims
resulting in an approximate return of 15.47%.  The plan also
provides for the full payment of allowed administrative and
priority claims as well as allowed secured claims.

A full-text copy of the Disclosure Statement is available at:

     http://bankrupt.com/misc/txnb15-42830-11-119.pdf  

Counsel for the Debtor:
     
     Behrooz P. Vida, Esq.
     THE VIDA LAW FIRM, PLLC
     3000 Central Drive
     Bedford, Texas 76021

E.O. Wood Co., Inc. filed for chapter 11 bankruptcy protection
(Bankr. N.D. Tex. Case No. 15-42830) on  July 15, 2015. The Debtor
is represented by Behrooz P. Vida, Esq. of The Vida Law Firm, PLLC.



EASTMINSTER SCHOOL: Secured Creditor To Get School Property
-----------------------------------------------------------
Eastminster School, Inc., filed with the U.S. Bankruptcy Court for
the Northern District of Georgia an amended disclosure statement
concerning the Debtor's plan of reorganization.

The Plan provides for a transfer of certain real property to
secured creditors to satisfy their claims and for an infusion of
cash from the owner of the Debtor to satisfy other claims.

The Debtor estimates that administrative expenses will be in
negligible, as it has minimal operating costs by virtue of having
leased out the School Property after cessation of school
operations, and has few assets to administer by virtue of the
nature of the Plan.  The Debtor estimates that legal fees will be
satisfied by a retainer already provided to legal counsel
pre-petition plus no more than $15,000 beyond that retainer and
that individuals associated with the school will fund
administrative expenses.

The Debtor obtained an appraisal of its real property from Dr.
Thomas Carson.

The Plan provides that State Bank & Trust Company will receive the
school property in satisfaction of its secured claim.  The school
property is income producing property, as it is leased to a private
school which has paid rent from June 2016 through the present
date.

The Amended Disclosure Statement filed on Dec. 5, 2016, is
available at:

          http://bankrupt.com/misc/ganb16-58972-37.pdf

As reported by the Troubled Company Reporter on Oct. 28, 2016, the
Debtor filed with the Court a disclosure statement and plan of
reorganization, which proposed to pay allowed unsecured claims
after all prior classes have been paid in full through the sale of
a residential lot it owns located at 108 Stephanie Lane, in
Covington, Georgia.

                    About Eastminster School

Eastminster School, Inc., is a non-profit corporation, organized
with the intent of owning and operating a private school in an area
largely not served by other college preparatory schools of East of
Atlanta.

Eastminster School sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ga. Case No. 16-58972) on May 24,
2016.  The petition was signed by Andrew M. Brown, director.

The Debtor disclosed total assets of $1.62 million and total debt
of $3.25 million.

Michael D. Robl, Esq., at Robl Law Group serves as bankruptcy
counsel to the Debtor.


ENERGIS PETROLEUM: Unsecureds To Recoup 22.56% Under Garwood Plan
-----------------------------------------------------------------
Unsecured creditors Richard Garwood and Mary Ann Garwood filed with
the U.S. Bankruptcy Court for the District of Florida a disclosure
statement describing its chapter 11 plan of reorganization, dated
Dec. 13, 2016, which would give general unsecured creditors a
distribution of approximately 27.67% of their allowed claims, if
the Court sustains the objection to the unsecured claim of National
Business Communications, Inc., or 22.56% if the Court overrules the
objection to the claim of NBC.

Under the plan, Class 1 consists of the secured claim of the IRS.
The claim of Class 1 shall be paid in full within 30 days of the
Effective Date from the proceeds of the sale of the Debtor's Real
Property. This Class is unimpaired.

Class 2 consists of the general unsecured claims against the
Debtor. The claimants in this class shall be paid on a pro rata
basis from the remaining funds after the payment of the other
existing claims in the Estate. If the Court sustains the objection
to the NBC claim, this class shall receive a pro rata distribution
of the remaining funds, which results in an approximate
distribution of 27.67% of the allowed claims. However, if the Court
overrules the objection of the NBC claim, this class shall only
receive approximately 22.56% of their allowed claims. This class is
impaired under the plan.

Payments and distributions under the plan will be funded from the
proceeds remaining from the sale of the Debtor's Real Property
located in Okeechobee, Florida. Currently, there is $920,604
remaining from the proceeds of the sale of the Real Property. The
only remaining creditors are unsecured creditors. As such, the
funds remaining shall be paid to the unsecured creditors on a pro
rata basis after payment of the allowed Administrative Claims.
  
A full-text copy of the Disclosure Statement is available at:

       http://bankrupt.com/misc/flsb15-19945-329.pdf

Headquartered in Boca Raton, FL, Energis Petroleum, LLC filed for
chapter 11 protection (Bankr. S.D. Fl. Case No.15-19945)on June 1,
2015 with estimated assets of $0 to $50,000 and estimated
liabilities of $1 million to $10 million.  The petition was signed
by Keith Duffy, managing member.


FEDERAL IDENTIFICATION: 0% Recovery For Unsecured Creditors
-----------------------------------------------------------
Federal Identification Card Co. Inc. filed with the U.S. Bankruptcy
Court for the Eastern District of Pennsylvania a first amended
disclosure statement describing its plan of liquidation, dated Dec.
19, 2016.

Under the plan, Class 2 Unsecured cCaims is impaired. The Class 2
claim holders will share on a pro rata basis, the net proceeds from
the sale less than  $70,000 allocated to the receivable and
distributed to Class 1 creditors, administrative claims, and
priority taxes. The treatment and consideration to be received by
holders of Class 2 allowed claims shall be in full settlement,
satisfaction, release and discharge of their respective claims and
liens.

The Debtor estimates that the distribution to unsecured creditors
will be $0.

Class 4 consists of the Secured Claim of the Commonwealth of
Pennsylvania. The  Class 4 creditor has a secured claim of
approximately $62,000 against the Debtor's assets. The holder of
the Class 4 claim shall receive 100% of its claim upon the
Effective Date drawn from the net proceeds of the sale to the
buyer. The net proceeds will first be distributed to Class 4, then
to administrative creditors, priority unsecured creditors, and
unsecured creditors.  

The Debtor will liquidate all of its property and assets through
the plan. The day- to-day operational, business and financial
affairs of the liquidating Debtor will be managed and controlled by
the Disbursing Agent who at all time shall act to implement the
plan with the sole goal of maximizing the distributions to
claimants under the plan.

A full-text copy of the Disclosure Statement is available at:

      http://bankrupt.com/misc/paeb16-13496-92.pdf   

          About Federal Identification Card

Federal Identification Card Co. Inc. was founded in 1972. The
company's line of business includes providing commercial art or
graphic design services for advertising agencies, publishers, and
other business and industrial users.

Federal Identification Card Co., Inc. d/b/a PTM Sport sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Pa.
Case No. 16-13496) on May 17, 2016.  

The petition was signed by Louis N. Leof, president.  The case
is
assigned to Judge Ashely M. Chan.

The Debtor estimated both assets and liabilities in the range of
$1
million to $10 million.


FULLBEAUTY BRANDS: S&P Affirms 'B-' CCR & Revises Outlook to Neg.
-----------------------------------------------------------------
S&P Global Ratings revised its rating outlook on FULLBEAUTY Brands
Holdings Corp. (FBB) to negative from stable.  At the same time,
S&P affirmed its 'B-' corporate credit rating.

The outlook revision reflects S&P's expectation of continued weak
operating performance across FBB's core operating segments.  During
2016, FBB expanded its product offering to include a higher
proportion of new and higher-price point products.  Customers'
sensitivity to price increases resulted in sales decline.  For the
first nine months of 2016, sales declined 1.3% compared with 2015.
In response, FBB increased discounts to clear inventory, further
pressuring gross margins.

"At the same time, weather has negatively affected sales.  Milder
temperatures in the 2015 to 2016 winter caused seasonal outwear
sales to be below that of last year," said credit analyst Fernanda
Hernandez.  "Although there is some seasonality that causes some
weakness in the third quarter (including the end of the
Spring/Summer selling season and the early part of the Fall/Winter
selling season), we estimate the deterioration as of Sept. 30,
2016, will result in credit metrics significantly below our
expectations for year-end 2016 and for the first half of 2017."

The negative outlook on FBB reflects the company's
weaker-than-expected operating performance as of the third quarter
of 2016 and S&P's belief that the company will underperform its
base case for year-end 2016.  S&P estimates FBB's leverage will
remain elevated given weaker than expected earnings growth.

S&P could lower the rating if liquidity weakens because of
consistently negative free operating cash flow if the company's
operating performance fails to recover.  This could be triggered by
an unsuccessful reshuffle of product line strategy or the need for
significant mark downs to continue to clean up inventory that
compress EBITDA margins consistently below 10%.

S&P could revise the outlook back to stable if the company achieves
revenue and EBITDA growth, while using excess cash flow to reduce
debt.  EBITDA margins above 15% and debt to EBITDA 8.5x,
respectively could lead S&P to revise the outlook back to stable.


FUNCTION(X) INC: Borrows Add'l $550,000 from Sillerman
------------------------------------------------------
As previously disclosed by Function(x) Inc. in a Form 8-K filed on
June 12, 2015, Sillerman Investment Company IV, LLC, an affiliate
of Robert F.X. Sillerman, the Company's executive chairman and
chief executive officer, agreed to provide a Line of Credit to the
Company.

On Dec. 15, 2016, the Company borrowed an additional $550,000 under
the Line of Credit.  The principal amount now outstanding under the
Line of Credit is $2,964,586 and the Company is entitled to draw up
to an additional $2,035,414 under the Line of Credit, as disclosed
in a Form 8-K report filed with the Securities and Exchange
Commission.

                      About Function(x)Inc.

Based in New York, FunctionX Inc (NASDAQ:FNCX) is a diversified
media and entertainment company.  The Company conducts three lines
of businesses, which are digital publishing through Wetpaint.com,
Inc. (Wetpaint) and Rant, Inc. (Rant); fantasy sports gaming
through DraftDay Gaming Group, Inc. (DDGG), and digital content
distribution through Choose Digital, Inc. (Choose Digital).  The
Company's segments include Wetpaint, which is a media channel
reporting original news stories and publishing information content
covering television shows, music, celebrities, entertainment news
and fashion; Choose Digital, which is a business-to-business
platform for delivering digital content; DDGG, which is a
business-to-business operator of daily fantasy sports, and Other.
The Company's digital publishing business also includes Rant, which
is a digital publisher that publishes original content in over 13
verticals, such as in sports, entertainment, pets, cars and food.

The Company incurred a net loss of $63.68 million for the year
ended June 30, 2016, compared to a net loss of $78.53 million for
the year ended June 30, 2015.  As of Sept. 30, 2016, Function(x)
had $33.07 million in total assets, $27.51 million in total
liabilities and $5.55 million in total stockholders' equity.

BDO USA, LLP, in New York, issued a "going concern" qualification
on the consolidated financial statements for the year ended
June 30, 2016, citing that the Company has suffered recurring
losses from operations and at June 30, 2016, has a deficiency in
working capital that raise substantial doubt about its ability to
continue as a going concern.


GATEWAY ENTERTAINMENT: Panel Files Limited Objection to Disclosures
-------------------------------------------------------------------
The Official Committee of Unsecured Creditors of Gateway
Entertainment Studios LP has filed with the U.S. Bankruptcy Court
for the Western District of Pennsylvania a limited objection to the
Debtor's disclosure statement accompanying the Debtor's plan of
reorganization dated Oct. 28, 2016.

The Committee files a limited objection to the Disclosure Statement
on the basis that the Committee believes and therefore avers, an
amended plan is forthcoming.

The Debtor and the Committee continue to work diligently toward
filing an Amended Plan pursuant to the terms of a joint stipulation
they entered on Nov. 30, 2016.  As set forth in the Joint
Stipulation, the parties are working together to move towards
resolution of this case, including setting up a process for the
sale of the Debtor's property, and the wind-down and administration
of this case pursuant to an Amended Plan.

The Committee is confident the Amended Plan will be filed shortly
but in an abundance of caution, files this limited objection to the
Disclosure Statement and reserves all rights as to the same,
including the right to file further objections to the Disclosure
Statement, confirmation of the Plan, and Amended Plan.

The Committee is represented by:

     Kirk B. Burkley, Esq.
     BERNSTEIN-BURKLEY, P.C.
     707 Grant Street, 2200 Gulf Tower
     Pittsburgh, PA 15219
     Tel: (412) 456-8108
     Fax: (412) 456-8135
     E-mail: kburkley@bernsteinlaw.com

As reported by the Troubled Company Reporter on Nov. 14, 2016, the
Debtor's Amended Plan dated Oct. 28, 2016, provides that the Debtor
has an agreement with Midwood Investment and Development for a
private sale of its real estate assets, excluding the RCAP Grants
and scheduled insurance claim, in the amount of $14,000,000.  The
sale will be funded upon the effective date of the Plan.  The
Debtor will pay all undisputed creditors in full within 45 days of
confirmation.  The Debtor will escrow the amounts necessary to pay
the disputed creditors in full.  The Debtor will file claim
objections to the disputed claims.  The Debtor will give the claims
of The Dale Carroll Rosenbloom, Jr. Irrevocable Trust and the
claims of The Lucia Rodriguez 2003 Irrevocable Trust the option of
extinguishing their equity for full payment or retaining their
equity in the Debtor upon confirmation.

                    About Gateway Entertainment

Gateway Entertainment Studios, L.P., filed a Chapter 11 petition
(Bankr. W.D. Pa. Case No. 16-21628) on April 29, 2016.  At the time
of filing, the Debtor listed total assets of $12.15 million and
total debts of $9.87 million.  Judge Carlota M. Bohm is assigned to
the case.  

When it filed for bankruptcy, Gateway Entertainment tapped Richard
R. Tarantine, Esq., at Tarantine & Associates, as its bankruptcy
counsel.  Mr. Tarantine later moved to Jones Gregg Creehan &
Gerace, LLP.  Gateway then hired the Law Offices of Robert O Lampl
as counsel.

The U.S. trustee for Region 3 on June 2 appointed three creditors
of Gateway Entertainment Studios, LP, to serve on the official
committee of unsecured creditors.  The Committee is represented by
Kirk B. Burkley, Esq., at Bernstein-Burkley, P.C., in Pittsburgh,
Pennsylvania.


GATEWAY ENTERTAINMENT: Trusts Try To Block Disclosures OK
---------------------------------------------------------
The Dale Carroll Rosenbloom, Jr. 2003 Irrevocable Trust and the
Lucia Rodriguez 2003 Irrevocable Trust, filed with the U.S.
Bankruptcy Court for the Western District of Pennsylvania an
objection to Gateway Entertainment Studios LP's disclosure
statement dated Oct. 28, 2016.

The Trusts are equity interest holders and parties-in-interest in
the within bankruptcy proceeding by virtue of their being Class A
Preferred Limited Partners in the Debtor, Gateway Entertainment
Studios LP owning an aggregate 45% of the membership interests in
the Debtor per the Second Amended Limited Partnership Agreement.

The Trusts complain that nowhere in the Disclosure Statement is
there any indication as to what the Debtor regards or contends is
full payment of the Trusts' equity interest claims although the
Debtor does indicate on the schedule included as part of the
Disclosure Statement at page 12 of 19 that the Trusts claims are
partially disputed, again without elaboration as to what the nature
of the dispute is.

Pursuant to the Debtor's Limited Partnership Agreement, as amended,
the Trusts are entitled to recovery of the full amount of their
respective capital contributions which were each in the amount of
$625,000.  Additionally, the Trusts are each entitled to payment of
the Class A preferred return set forth in the Limited Partnership
Agreement equal to 15% of their respective capital contributions.
Hence the Trusts are entitled in the aggregate to a Class A
preferred return in the sum of $187,500.  Once paid, their Class A
preferred return, the Trusts still retain their 45% interest.  The
Trusts say that if the Trusts were to be bought out, then per the
provisions of the Limited Partnership Agreement, in addition to the
payments, the Trusts must also be paid the value of their aggregate
45% equity interest in the Debtor.  The Disclosure Statement and
accompanying Plan therefore mischaracterize the Trusts' equity
interest claims and improperly attempt to modify the Trusts' equity
interest rights by proposing that the Trusts must elect either
payment or retention of their equity interests when in fact they
are entitled to both, the Trusts state.

The Trusts claim that absent proper characterization of the Trusts
claims and further information from the Debtor as to its position
as to what full payment of the Trusts' equity interest claims will
consist of and full disclosure as to the asserted claim by Knoll to
an ownership interest in the Debtor, the Trusts cannot evaluate or
intelligently vote respecting the proposed treatment of the Trusts
in the Plan and therefore the Disclosure Statement does not provide
adequate information.

The Trust is represented by:

     Jeffrey T. Morris, Esq.
     ELLIOTT & DAVIS, PC
     425 First Ave, First Floor
     Pittsburgh, PA 15219
     E-mail: morris@elliott-davis.com
     Tel: (412) 434-4911, ext. 34
     Fax: (412) 774-2168

The Objection is available at:

            http://bankrupt.com/misc/pawb16-21628-312.pdf

As reported by the Troubled Company Reporter on Nov. 14, 2016, the
Debtor's Amended Plan dated Oct. 28, 2016, provides that the Debtor
has an agreement with Midwood Investment and Development for a
private sale of its real estate assets, excluding the RCAP Grants
and scheduled insurance claim, in the amount of $14,000,000.  The
sale will be funded upon the effective date of the Plan.  The
Debtor will pay all undisputed creditors in full within 45 days of
confirmation.  The Debtor will escrow the amounts necessary to pay
the disputed creditors in full.  The Debtor will file claim
objections to the disputed claims.  The Debtor will give the claims
of The Dale Carroll Rosenbloom, Jr. Irrevocable Trust and the
claims of The Lucia Rodriguez 2003 Irrevocable Trust the option of
extinguishing their equity for full payment or retaining their
equity in the Debtor upon confirmation.

                    About Gateway Entertainment

Gateway Entertainment Studios, L.P., filed a Chapter 11 petition
(Bankr. W.D. Pa. Case No. 16-21628) on April 29, 2016.  At the time
of filing, the Debtor listed total assets of $12.15 million and
total debts of $9.87 million.  Judge Carlota M. Bohm is assigned to
the case.  

When it filed for bankruptcy, Gateway Entertainment tapped Richard
R. Tarantine, Esq., at Tarantine & Associates, as its bankruptcy
counsel.  Mr. Tarantine later moved to Jones Gregg Creehan &
Gerace, LLP.  Gateway then hired the Law Offices of Robert O Lampl
as counsel.

The U.S. trustee for Region 3 on June 2 appointed three creditors
of Gateway Entertainment Studios, LP, to serve on the official
committee of unsecured creditors.  The Committee is represented by
Kirk B. Burkley, Esq., at Bernstein-Burkley, P.C., in Pittsburgh,
Pennsylvania.


GENERAL GLASS: Disclosures Prelim. OK'd; Plan Hearing on Jan. 18
----------------------------------------------------------------
The Hon. Frank W. Volk of the U.S. Bankruptcy Court for the
Southern District of West Virginia has conditionally approved
General Glass Company, Inc's disclosure statement referring to the
Debtor's Chapter 11 plan dated Nov. 29, 2016.

A hearing will be held at 1:30 p.m. on Jan. 18, 2017, to consider
the final approval of the Disclosure Statement and confirmation of
the Plan.

Objections to the Disclosure Statement and plan confirmation, as
well as acceptances or rejections of the Plan, must be filed by
Jan. 12, 2017.

Headquartered in Charleston, West Virginia, General Glass Company,
Inc., aka General Glass Home Center, aka General Glass Design
Center, was founded in 1944 to sell and install commercial glass
throughout West Virginia.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. S.D.
W.V. Case No. 14-20299) on June 10, 2014, estimating its assets and
liabilities at between $1 million and $10 million each.  The
petition was signed by Cynthia D. Smith, president.

Judge Ronald G. Pearson presides over the case.

Christopher S. Smith, Esq., and Nicola D. Smith, Esq., at Hoyer,
Hoyer & Smith, PLLC, serves as the Debtor's bankruptcy counsel.


GLENN'S INC: Unsecureds To Recoup 5% Under Plan
-----------------------------------------------
Glenns, Inc., filed with the U.S. Bankruptcy Court for the Middle
District of Pennsylvania a motion for conditional approval of
Glenn's Inc.'s combined plan of reorganization and disclosure
statement.

On Dec. 12, 2016, the Debtor filed its Combined Plan of
Reorganization and Disclosure Statement.  The Debtor believes that
the Combined Plan of Reorganization and Disclosure Statement
provides adequate information and requests that it be approved.

Under the Plan, Class 11 - General Unsecured Creditors are
impaired.  Payment of approximately 5% of all allowed unsecured
claims ($385,330.91) payable in quarterly pro rata cash
distributions from future revenues in the amount of $963.33
starting on the Effective Date of the Plan, or the date upon which
any claim is allowed by a final non-appealable court order, and
ending 60 months thereafter.

Payments and distributions under the Plan will be funded by the
revenues and profits generated from the operation of reorganized
Glenn's, Inc.

The Disclosure Statement is available at:

         http://bankrupt.com/misc/pamb16-00302-106.pdf

The Debtor is also seeking approval of voting materials, and the
Debtor requests approval of the proposed ballot attached hereto
which will be sent to the creditor, equity holders and other
interested parties as required by Bankruptcy Rule 3017.

Glenns, Inc., filed for Chapter 11 bankruptcy protection (Bankr.
M.D. Penn. Case No. 16-00302) on Jan. 27, 2016, estimating its
assets and liabilities at up to $50,000 each.  Henry W Van Eck,
Esq., at Mette, Evans, & Woodside serves as the Debtor's bankruptcy
counsel.


HANSELL/MITZEL: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Hansell/Mitzel LLC
           dba Hansell Mitzel Homes
           dba Resort Maintenance Services
        PO Box 2523
        Mount Vernon, WA 98273

Case No.: 16-16311

Chapter 11 Petition Date: December 21, 2016

Court: United States Bankruptcy Court
       Western District of Washington (Seattle)

Judge: Hon. Timothy W. Dore

Debtor's Counsel: John R Rizzardi, Esq.
                  CAIRNCROSS & HEMPELMANN, P.S.
                  524 2nd Ave Ste 500
                  Seattle, WA 98104-2323
                  Tel: 206-254-4444
                  E-mail: jrizzardi@cairncross.com

Estimated Assets: $10 million to $50 million

Estimated Debts: $10 million to $50 million

The petition was signed by Daniel R. Mitzel, managing member.

Debtor's List of 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Sound Development Group LLC                             $182,852
Email: pat@sdg-llc.com

Creative Surfaces LLC                                    $18,852

Smokey Point Concrete, Inc.                              $13,201

Puget Sound Energy                                       $12,017

Dewaard & Bode Inc.                                       $6,998

Pacific Style Landscapes, Inc.                            $3,066
Email: steve@pacificstylelandscapes.com

Theisen Architects                                        $2,520
Email: tom@theisenarchitects.com

Big Equipment Company LLC                                 $1,581

NC Machinery                                               $1,518

Richard & Sharon Hodges        Security Deposit            $1,300
Email: Richie.Hodges@hexcel.com

Michael and Delores Griffin    Security Deposit            $1,300

FlowHawks                                                  $1,225

Smiley's Inc.                                              $1,217
Email: ygdusa@comcast.net

Camano Water Association                                   $1,095
Email: Lenore@camanowater.com

Northwest Cascade Inc.                                     $1,047
Email: JanetPreston@nwcascade.com

Mortenson Signs                                              $788
Email: mortsign@comcast.net

Construction Consultants of WA                               $525

Pam Leamer                         Commission                $500
Email: learnerpam@gmail.com         for sale

Thomas Rengstorf & Associates                                $480
Email: trengstorf@trengstorf.com

Masterwork Roofing Inc.                                      $473


HOVNANIAN ENTERPRISES: Incurs $2.81 Million Net Loss in Fiscal 2016
-------------------------------------------------------------------
Hovnanian Enterprises, Inc., filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss of
$2.81 million on $2.75 billion of total revenues for the year ended
Oct. 31, 2016, compared to a net loss of $16.10 million on $2.14
billion of total revenues for the year ended Oct. 31, 2015.

As of Oct. 31, 2016, Hovnanian Enterprises had $2.37 billion in
total assets, $2.50 billion in total liabilities and a total
stockholders' deficit of $128.51 million.

"Given the low levels of total U.S. housing starts, and our belief
in the long-term recovery of the homebuilding market, we remain
focused on identifying new land parcels, which are critical to
improving our financial performance.  During fiscal 2016, we had
approximately $260 million of bonds mature, which we were unable to
refinance because financing was unavailable in the capital and loan
markets to companies with comparable credit ratings to ours. As a
result, we shifted our focus from growth to gaining operating
efficiencies and improving our bottom line, and we decided to
temporarily reduce some of our future land acquisition and to exit
from four underperforming markets during fiscal 2016.  In addition,
we increased our use of land bank financings and joint ventures in
order to enhance our liquidity position.  The net effect of these
liquidity enhancing efforts was to temporarily adversely affect our
ability to invest as aggressively in new land parcels as previously
planned, which resulted in a reduction in our community count in
fiscal 2016, along with a decrease in net contracts.  However, in
the fourth quarter of fiscal 2016, we were able to refinance
certain of our upcoming debt maturities as discussed in Item 7
"Management's Discussion and Analysis of Financial Condition and
Results of Operations" and we ended the fiscal year with
homebuilding cash of $339.8 million at October 31, 2016.  This cash
position will allow us to actively seek land investment
opportunities in fiscal 2017, which should ultimately result in
community count growth," the Company stated in the report.

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

                       https://is.gd/u2L2Rd

                   About Hovnanian Enterprises

Red Bank, New Jersey-based Hovnanian Enterprises, Inc. (NYSE: HOV)
-- http://www.khov.com/-- founded in 1959 by Kevork S. Hovnanian,
is one of the nation's largest homebuilders with operations in
Arizona, California, Delaware, Florida, Georgia, Illinois,
Kentucky, Maryland, Minnesota, New Jersey, New York, North
Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia and
West Virginia.  The Company's homes are marketed and sold under
the trade names K. Hovnanian Homes, Matzel & Mumford, Brighton
Homes, Parkwood Builders, Town & Country Homes, Oster Homes and
CraftBuilt Homes.  As the developer of K. Hovnanian's Four Seasons
communities, the Company is also one of the nation's largest
builders of active adult homes.

                           *     *     *

As reported by the TCR on April 22, 2016, Moody's Investors Service
downgraded the Corporate Family Rating of Hovnanian Enterprises to
'Caa2' and Probability of Default Rating to 'Caa2-PD'.  The
downgrade of the Corporate Family Rating reflects Moody's
expectation that Hovnanian will need to dispose of assets and seek
alternative financing methods in order to meet its upcoming debt
maturity wall.

Hovnanian carries a 'CCC+' corporate credit rating from S&P Global
Ratings.

In August 2016, Fitch Ratings affirmed the ratings of Hovnanian
Enterprises, including the company's Long-Term Issuer Default
Rating (IDR) at 'CCC' following the recently announced financing
commitments and proposed tender offer for its existing unsecured
notes.


IHEARTCOMMUNICATIONS INC: Commences Private Exchange Offer
----------------------------------------------------------
iHeartCommunications, Inc. commenced a private offer to holders of
the Company's outstanding 10.0% Senior Notes due 2018 to exchange
Outstanding Notes for newly-issued 11.25% Priority Guarantee Notes
due 2021.  The New Notes will be issued as "additional notes" under
the indenture governing iHeartCommunications' existing 11.25%
Priority Guarantee Notes due 2021 that were issued on
Feb. 28, 2013, will be treated as a single class with the Existing
Notes for all purposes under such indenture and will have the same
terms as the Existing Notes.  However, the New Notes will not trade
fungibly with the Existing Notes.

The Exchange Offer, which is only available to holders of
Outstanding Notes that have certified their status as (i)
"qualified institutional buyers" as that term is defined in Rule
144A under the Securities Act of 1933, as amended, or institutional
"accredited investors" as that term is defined in Rule 501(a)(1),
(2), (3) or (7) under the Securities Act, or (ii) non "U.S.
persons" as that term is defined in Rule 902 under the Securities
Act, is being made pursuant to an offering circular dated Dec. 20,
2016, and is exempt from registration under the Securities Act.

The Exchange Offer will expire at midnight, New York City time, on
Jan. 19, 2017, unless extended by iHeartCommunications.  Eligible
Holders who validly tender and do not validly withdraw Outstanding
Notes on or prior to 5:00 p.m., New York City time, on Jan. 4,
2017, unless extended by iHeartCommunications, will receive
additional consideration.  Tenders of Outstanding Notes may be
withdrawn prior to 5:00 p.m., New York City time, on Jan. 4, 2016,
unless extended by iHeartCommunications.

iHeartCommunications, Inc.
Outstanding Notes
to be Exchanged: 10.0% Senior Notes due 2018

CUSIP No.: 184502 BT8

Outstanding

Aggregate Principal
Amount: $347,028,000

Consideration for each $1,000
Principal Amount of  Outstanding
Notes Tendered on or Prior to the
Early Tender Date: $1,000 in New Notes

Consideration for each $1,000
Principal Amount of Outstanding
Notes Tendered After the Early
Tender Date: $970 in New Notes

Consummation of the Exchange Offer and issuance of the New Notes is
subject to certain conditions that must be satisfied or waived by
iHeartCommunications in its sole and absolute discretion on or
prior to the Expiration Date.

The New Notes will mature on March 1, 2021.  The New Notes will
accrue interest beginning on their issuance date at a rate of
11.25% per annum in cash.  iHeartCommunications will pay interest
on the New Notes on March 1 and September 1 of each year.  The
first interest payment date on the New Notes will be March 1, 2017.
The Outstanding Notes are, and the New Notes will be, fully and
unconditionally guaranteed, jointly and severally, on a senior
basis by iHeartCommunications' parent, iHeartMedia Capital I, LLC,
and all of iHeartCommunications' existing domestic wholly-owned
restricted subsidiaries.

The New Notes and related guarantees will be offered only in
reliance on exemptions from registration under the Securities Act.
The New Notes and the related guarantees have not been registered
under the Securities Act, or the securities laws of any state or
other jurisdiction, and may not be offered or sold in the United
States without registration or an applicable exemption from the
Securities Act and applicable state securities or blue sky laws and
foreign securities laws.

Documents relating to the Exchange Offer will only be distributed
to holders of the Outstanding Notes that complete and return a
letter of eligibility confirming that they are Eligible Holders.
Holders of Outstanding Notes that desire a copy of the letter of
eligibility must contact Global Bondholder Services Corporation,
the exchange agent and information agent for the Exchange Offer, by
calling toll-free (866) 470-3700 or at (212) 430-3774 (banks and
brokerage firms) or visit the following website to complete and
deliver the letter of eligibility in electronic form:

   http://www.gbsc-usa.com/eligibility/iheartcommunications.

A full-text copy of the press release is available at:

                           goo.gl/a8tzPC

                    About iHeartCommunications

iHeartCommunications, Inc., (formerly known as Clear Channel
Communications, Inc.) is a global media and entertainment company.
The Company specializes in radio, digital, outdoor, mobile,
social, live events, on-demand entertainment and information
services for local communities, and uses its unparalleled national
reach to target both nationally and locally on behalf of its
advertising partners.  The Company is dedicated to using the
latest technology solutions to transform the company's products
and services for the benefit of its consumers, communities,
partners and advertisers, and its outdoor business reaches over 40
countries across five continents, connecting people to brands
using innovative new technology.

IheartCommunications reported a net loss attributable to the
Company of $755 million on $6.24 billion of revenue for the year
ended Dec. 31, 2015, compared to a net loss attributable to the
Company of $794 million on $6.31 billion of revenue for the
year ended Dec. 31, 2014.

As of Sept. 30, 2016, IHeartcommunications had $12.82 billion in
total assets, $23.78 billion in total liabilities and a total
shareholders' deficit of $10.96 billion.

                       Bankruptcy Warning

"The ability to refinance the debt will depend on the condition of
the capital markets and our financial condition at such time.  
Any refinancing of the debt could be at higher interest rates and
increase debt service obligations and may require us and our
subsidiaries to comply with more onerous covenants, which could
further restrict our business operations.  The terms of existing
or future debt instruments may restrict us from adopting some of
these alternatives.  These alternative measures may not be
successful and may not permit us or our subsidiaries to meet
scheduled debt service obligations.  If we or our subsidiaries
cannot make scheduled payments on indebtedness, we or our
subsidiaries, as applicable, will be in default under one or more
of the debt agreements and, as a result we could be forced into
bankruptcy or liquidation," the Company said in its annual report
for the year ended Dec. 31, 2015.  

                           *    *    *

iHeartCommunications carries a 'Caa2 Corp.' corporate family rating
from Moody's Investors Service.

As reported by the TCR on Dec. 15, 2016, Fitch Ratings has
downgraded iHeartCommunications, Inc.'s Long-Term Issuer Default
Rating (IDR) to 'CC' from 'CCC'.  According to the report, the
downgrade reflects the increasing likelihood that iHeart will look
to restructure its debt within a year or two.


IHEARTCOMMUNICATIONS INC: Fitch Cuts LT Issuer Default Rating to C
------------------------------------------------------------------
Fitch Ratings has downgraded iHeartCommunications, Inc.'s Long-Term
Issuer Default Rating (IDR) to 'C' from 'CC', and affirmed all of
iHeart's individual issue ratings. Fitch has also affirmed the IDRs
for Clear Channel Worldwide Holdings, Inc. (CCWW) and Clear Channel
International B.V. (CCIBV) at 'B'. CCWW and CCIBV are indirect,
wholly-owned subsidiaries of Clear Channel Outdoor Holdings, Inc.
(CCOH), iHeart's 89.9% owned outdoor advertising subsidiary. The
Rating Outlook on the outdoor subsidiaries is Stable. A full list
of rating actions follows at the end of this release.

The downgrade reflects iHeart's recently proposed exchange offer
targeting the 10% senior notes due Jan. 15, 2018 ($347 million held
by external holders) which Fitch views as a distressed debt
exchange (DDE) due to the proposed extension of the maturity.

Fitch notes that the exchange offer provides existing holders of
the 10% senior notes due 2018 an improved position in the capital
structure, as the new notes would be subject to the same terms that
govern the indenture for the existing 11.25% senior Priority
Guarantee Notes (PGNs).

Per Fitch's criteria, we would downgrade the IDR to Restricted
Default ('RD') upon the completion of the exchange. The IDR may
subsequently be upgraded reflecting the post DDE credit profile.
Any upgrade is expected to be limited to one notch, to 'CC'. The
rating incorporates Fitch's belief that iHeart's capital structure
is unsustainable and that the company could pursue a broader
restructuring of its capital structure over the near term.

iHeart announced a proposed private offer to exchange the 10%
senior unsecured notes due 2018 for new 11.25% PGNs due 2021 on
Dec. 20. The new notes will be issued under the indenture governing
the existing 11.25% PGNs and will have the same terms. Holders of
the 10% senior unsecured notes due 2018 who participate on or
before the Early Tender Date (Jan. 4, 2017) will receive $1,000 in
new notes for each $1,000 in principal amount of outstanding notes
tendered. Those holders that choose to participate in the exchange
offer after the Early Tender Date will receive $970 in new notes
per each $1,000 principal amount of outstanding notes tendered. The
exchange offer will expire on Jan. 19, 2017.

The 11.25% senior secured PGNs due 2021 have a first priority
interest in and a mortgage pledge in the stock of iHeart and the
intercompany debt of wholly owned domestic subsidiaries of iHeart
that are not restricted by the legacy note indenture. The 11.25%
PGNs also have a first-priority interest in the non-principal
properties and have a perfected second-priority interest in the
receivables collateral securing the asset-based lending (ABL)
facility.

Fitch notes that the exchange if successful would improve near-term
liquidity by addressing the first of the principal payments due in
2018. IHeart has $347 million in 10% senior unsecured notes
maturing on Jan. 15, 2018 (net of the $503 million held by two
subsidiaries of iHeart) that it is targeting with this exchange
offer. iHeart also has $175 million of senior unsecured legacy
notes maturing on June 15, 2018. iHeart has $330 million
outstanding under the ABL facility which matures in December 2017.
However, the next hurdle comes in 2019 when the company has $8.3
billion of debt maturing.

RATING SENSITIVITIES
Positive: Fitch does not currently anticipate a rating upgrade
given iHeart's unsustainable capital structure and our expectation
that the company is likely to conduct additional debt restructuring
over the near term.

Negative: Per Fitch's criteria, we would downgrade the IDR to
Restricted Default ('RD') upon the completion of the exchange. The
IDR would subsequently be upgraded reflecting the post-DDE credit
profile, but we do not expect the IDR to be raised above 'CC'.

FULL LIST OF RATING ACTIONS

Fitch has downgraded the following ratings:
iHeartCommunications, Inc.
-- Long-Term IDR to 'C' from 'CC'.

Fitch has affirmed the following ratings:
-- Senior secured term loans at 'CC/RR4';
-- Senior secured priority guarantee notes at 'CC/RR4';
-- Senior unsecured guarantee notes due 2021 at 'C/RR6';
-- Senior unsecured legacy notes at 'C/RR6'.

Clear Channel Worldwide Holdings, Inc.
-- Long-term IDR at 'B';
-- Senior unsecured notes at 'BB-/RR2';
-- Senior subordinated notes at 'B-/RR5'.

Clear Channel International B.V.
-- Long-term IDR at 'B';
-- Senior unsecured notes at 'BB-/RR2'.


ILLINOIS POWER: S&P Lowers CCR to D After Anticipated Ch. 11 Filing
-------------------------------------------------------------------
S&P Global Ratings lowered its corporate credit and senior
unsecured debt ratings on Illinois Power Generating Co. to 'D' from
'CC' following a filing for protection under Chapter 11 of the U.S.
Bankruptcy code.  The recovery rating on the senior unsecured debt
remains '4', reflecting S&P's assessment that lenders would receive
meaningful (just under 40%) recovery under the exchange plan.

IPG filed for bankruptcy protection because U.S. merchant power
market prices and capacity prices in its region are not sufficient
to sustain this merchant coal power generator's highly leveraged
capital structure.

IPG's bankruptcy filing has no impact on S&P's credit assessment of
its ultimate parent Dynegy Inc.  S&P has always considered IPG and
its parent IPH, LLC as separate from Dynegy and have not assumed
any cash flow from IPH to Dynegy in S&P's analysis.

IPG shut down one unit at its Newton plant (615 MW) earlier this
year due to poor economics.  IPG would have been very challenged to
refinance its 2018 maturity of $300 million because of weak
merchant power prices in southern Illinois and significant capital
expenditure needs starting in 2018 for emissions compliance.


INTELLIPHARMACEUTICS INT'L: Announces Issuance of PODRAS Patents
----------------------------------------------------------------
Intellipharmaceutics International Inc. announced that U.S. Patent
No. 9,522,119 and Canadian Patent No. 2,910,865 were issued by the
U.S. Patent and Trademark Office and the Canadian Intellectual
Property Office in respect of "Compositions and Methods for
Reducing Overdose".  The issued patents cover aspects of the
Company's Paradoxical OverDose Resistance Activating System
delivery technology, which is designed to prevent overdose when
more pills than prescribed are swallowed intact.  Preclinical
studies of prototypes of oxycodone with PODRAS technology suggest
that, unlike other third-party abuse-deterrent oxycodone products
in the marketplace, if more tablets than prescribed are
deliberately or inadvertently swallowed, the amount of drug active
released over 24 hours may be substantially less than expected.
However, if the prescribed number of pills is swallowed, the drug
release should be as expected.

In April 2015, the United States Food and Drug Administration
published Guidance for Industry: Abuse-Deterrent Opioids --
Evaluation and Labeling, which cited the need for more efficacious
abuse-deterrence technology.  In this Guidance, the FDA stated,
"opioid products are often manipulated for purposes of abuse by
different routes of administration or to defeat extended-release
properties, most abuse-deterrent technologies developed to date are
intended to make manipulation more difficult or to make abuse of
the manipulated product less attractive or less rewarding.  It
should be noted that these technologies have not yet proven
successful at deterring the most common form of abuse—swallowing
a number of intact capsules or tablets to achieve a feeling of
euphoria."

"The issuance of these patents represents a significant advance in
our abuse deterrence technology platform.  We believe that the
platform has the potential to positively differentiate the
Company's technology from others of which we are aware, and may
represent an important step toward addressing the FDA's concern
over the ingestion of a number of intact pills or tablets," said
Dr. Isa Odidi, chief executive officer of Intellipharmaceutics. "In
addition to its use with opioids, the PODRAS platform is
potentially applicable to a wide range of drug products that are
intentionally or inadvertently abused and cause harm by overdose to
those who ingest them."

On Nov. 25, 2016, the Company announced that it filed a New Drug
Application with the FDA seeking authorization to market its
Rexista abuse-deterrent oxycodone hydrochloride extended release
tablets in the 10 mg, 15 mg, 20 mg, 30 mg, 40 mg, 60 mg and 80 mg
strengths.  The issuance of these patents provides the Company the
opportunity to accelerate its PODRAS development plan by pursuing
proof of concept studies in humans.  The Company intends to
incorporate this technology in an alternate Rexista product
candidate.  There can be no assurance that any Rexista product
candidate will receive FDA approval or that, if approved, it will
be successfully commercialized.

                 About Intellipharmaceutics

Toronto, Canada-based Intellipharmaceutics International Inc. is
incorporated under the laws of Canada.  Intellipharmaceutics is a
pharmaceutical company specializing in the research, development
and manufacture of novel and generic controlled-release and
targeted-release oral solid dosage drugs.  Its patented
Hypermatrix(TM) technology is a multidimensional controlled-
release drug delivery platform that can be applied to the
efficient development of a wide range of existing and new
pharmaceuticals.  Based on this technology, Intellipharmaceutics
has a pipeline of product candidates in various stages of
development, including filings with the FDA in therapeutic areas
that include neurology, cardiovascular, gastrointestinal tract,
diabetes and pain.

Intellipharmaceutics reported a net loss of US$7.43 million on
US$4.09 million of revenues for the year ended Nov. 30, 2015,
compared to a net loss of US$3.85 million on US$8.76 million of
revenues for the year ended Nov. 30, 2014.

As of Aug. 31, 2016, the Company had US$5.36 million in total
assets, US$3.61 million in total liabilities and US$1.75 million in
shareholders' equity.

Deloitte LLP issued a "going concern" opinion on the consolidated
financial statements for the year ended Nov. 30, 2015, citing that
the Company's recurring losses from operations and shareholders'
deficiency raise substantial doubt about its ability to continue
as a going concern.


INTERMARK INC: Disclosure Statement Hearing Set for Feb. 10
-----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Kansas is set to hold
a hearing on Feb. 10, at 1:30 p.m., to consider approval of the
disclosure statement, which explains the Chapter 11 plan of
reorganization of Intermark, Inc.

The hearing will take place at Robert J. Dole Courthouse, Room 144,
500 State Avenue, Kansas City.  Objections are due by Jan. 26.

Intermark on Dec. 5 filed its restructuring plan, which proposes to
pay $25,000 to general unsecured creditors.  Payments under the
plan will be funded by the company's business operations.

                         About Intermark

Intermark, Inc. filed for a chapter 11 bankruptcy protection
(Bankr. D. Kans. Case No. 13-22036) on Aug. 7, 2013. The company is
represented by Colin N. Gotham, Esq. of Evans & Mullinix, P.A.


INTERNATIONAL TECHNICAL: Jan. 31 Plan Confirmation Hearing
----------------------------------------------------------
Judge Madeleine C. Wanslee of the U.S. Bankruptcy Court for the
District of Arizona issued an order approving the disclosure
statement to accompany the second amended plan of reorganization
filed by International Technical Coatings, Inc., on Dec. 14, 2016.


Jan. 23, 2017, 5:00 p.m. (MST) is fixed as the deadline for filing
and serving written objections to confirmation of the plan.

Jan. 23, 2017, 5:00 p.m. (MST) is fixed as the deadline for
returning executed ballots approving or rejecting amended plan.

Jan. 25, 2017, 5:00 p.m. (MST) is the deadline for the filing of a
ballot report.

Jan 31, 2017 at 10:30 a.m. is fixed for the initial confirmation
hearing on the Plan. The hearing shall be held before the Honorable
Madeleine C. Wanslee, U.S. Bankruptcy Court, District of Arizona,
230 N. First Avenue, Courtroom #702, Phoenix, Arizona 85003

             About Int'l Technical Coatings

International Technical Coatings, Inc., is a Phoenix,
Arizona-based
steel wire manufacturer.  It has facilities located in Phoenix,
Arizona and Columbus, Ohio.

ITC filed a Chapter 11 bankruptcy petition (Bank. D. Ariz. Case
No.
15-14709) on Nov. 18, 2015.  John Caldwel, the chairman, signed
the
petition.  Judge Madeleine C. Wanslee is assigned the case.

Bank of America Bank, N.A., which is owed more than $25.7 million
in outstanding matured, defaulted loan obligations, applied for
the
appointment of a receiver over ITC on Oct. 28, 2015.  The
Maricopa
County Superior Court held an initial hearing on the matter on
Nov.
4, 2015, and a final hearing was scheduled for Nov. 18.  Unable
to
secure an agreement with the Bank prior to the scheduled hearing,
ITC filed for Chapter 11 protection.

In its petition, the Debtor estimated assets of $50 million to
$100
million and liabilities of more than $10 million.

The Debtor tapped Osborn Maledon, P.A., as bankruptcy counsel. 
Morris Anderson & Associates, Ltd., serves as the Debtor's
financial advisor.

The Office of the U.S. Trustee appointed seven creditors to the
official committee of unsecured creditors.  Stinson Leonard
Street,
LLP represents the committee.  The Law Offices of Michael W.
Carmel, Ltd., serves as its conflicts counsel.  The Committee
retained KRyS Global, USA, as its financial advisor.

Secured creditor Bank of America is represented by Robert J.
Miller, Esq., Kyle S. Hirsch, Esq., and Amanda L. Cartwright,
Esq.,
at Bryan Cave LLP.


KEITHVILLE WELL: Unsecureds Won't Get Any Distribution Under Plan
-----------------------------------------------------------------
Keithville Well Drilling & Services, LLC, filed with the U.S.
Bankruptcy Court for the Western District of Louisiana an amended
and supplemented disclosure statement dated Dec. 12, 2016,
explaining it proposed Chapter 11 Plan of Liquidation dated Sept.
30, 2016.

After distributions to secured and priority creditors, general
unsecured creditors holding Class 9 Claims will receive no
distribution on account of their allowed claims.

General unsecured claims are not secured by property of the estate
and are not entitled to priority under Section 507(a) of the Code.
As soon as practicable after the liquidation of the Debtor's
remaining assets, after the payment of all amounts due under the
Plan to Class 1 Claimants, Class 2 Claimants, Class 3 Claimant,
Class 4 Claimant, Class 5 Claimant, Class 6 Claimant, Class 7
Claimant and Class 8 Claimant, and after paying or reserving for
all costs and expenses incurred after the closing of the case,
including without limitation professional fees and costs, taxes,
costs of dissolving the Debtor under applicable non-bankruptcy law,
and costs incurred in the maintenance and securing of the Debtor
Owned Portion of the Keithville Yard and the Debtor's moveable
property, all remaining unencumbered funds of the Debtor, if any
exist, will be distributed to the Class 9 Claimants, pro rata,
based upon the allowed claim of each, in full settlement,
satisfaction and discharge of claims; provided, no Class 9 Claimant
will be entitled to receive any amount in excess of the allowed
amount of its claim.  If a dispute concerning the amount of any
claim, or any other uncertainty, makes it impossible to determine
the exact amount due the Class 9 Claimants, but the Debtor can
adequately reserve for the disputed claim or other uncertainty and
make a substantial interim distribution in respect of the allowed
claims in Class 9, the Debtor may do so.

The Amended Disclosure Statement is available at:

           http://bankrupt.com/misc/lawb16-10545-187.pdf

As reported by the Troubled Company Reporter on Oct. 13, 2016, the
Debtor filed with the Court a disclosure statement explaining it
proposed Chapter 11 Plan of Liquidation.  In general, the means of
implementation and execution of the Plan include the orderly
liquidation of all remaining assets of the Estate, and the use of
the resulting cash to make the payments to creditors as provided in
the Plan.

           About Keithville Well Drilling & Services

Keithville Well Drilling & Services, LLC, is a family business that
was founded and operated by John Talley.  Subsequently, Keithville
was operated by his son, Howard Talley.  Now, John Talley's
grandson, Jeff Talley, and his great-grandsons, Jacob Talley and
Eric Talley operate the family business.  For many years,
Keithville drilled residential and commercial water wells, and more
recently, it drilled water supply and injection wells for the oil
exploration and production industry.

Keithville Well Drilling & Services sought Chapter 11 protection
(Bankr. W.D. La. Case No. 16-10545) on April 1, 2016.  The petition
was signed by Jeffrey C. Talley, managing member.  The Honorable
Judge Jeffrey P. Norman is assigned to the case.  The Debtor
estimated assets and liabilities in the range of $1 million to $10
million.  Robert W. Raley, Esq., at Ayers, Shelton, Williams,
Benson & Paine, LLC, serves as the Debtor's counsel.


KOHN FUNERAL: Case Summary & 11 Unsecured Creditors
---------------------------------------------------
Debtor: Kohn Funeral Home, LLC
           fdba Byrd & Kohn Funeral Home, LLC
        500 W 12th St
        Flora, IL 62839-1064

Case No.: 16-60489

Chapter 11 Petition Date: December 22, 2016

Court: United States Bankruptcy Court
       Southern District of Illinois (Effingham)

Judge: Hon. Laura K. Grandy

Debtor's Counsel: Roy J Dent, Esq.
                  ORR LAW INC
                  215 N 4th St
                  Effingham, IL 62401
                  Tel: (217) 342-1212
                  Fax: (217) 342-1214
                  E-mail: roy.jackson.dent@gmail.com

Total Assets: $1.08 million

Total Liabilities: $682,542

The petition was signed by Jarrod D. Kohn, member.

A copy of the Debtor's list of 11 unsecured creditors is available
for free at http://bankrupt.com/misc/ilsb16-60489.pdf


KUBCO DECANTER: Selling Surplus Trucks to Auto Dealers
------------------------------------------------------
Kubco Decanter Services, Inc., asks the U.S. Bankruptcy Court for
the Southern District of Texas to authorize the sale of surplus
trucks to auto dealers, including CarMax, Joe Myers Ford and
similar entities.

Any response to the Motion must be filed within 21 days of the date
it was served.

The Debtor operates a Decanter Service servicing a variety of
industries, including the Oil and Gas Industry and operates from a
facility located at 8031 Breen Road, Houston, Texas.  The Debtor
suffered business setbacks as a result of the Oil and Gas market
and ultimately closed its operations to liquidate the assets.

The Debtor provided a full range of centrifuge products, including
new and remanufactured equipment, as well as parts and complete
centrifuge related services creating a one-stop shop for all of the
centrifuge product and service needs of its customers.  It
attempted to sell as an operating business, but has been
unsuccessful, recently filed a Motion for authority to liquidate
assets at auction and fund a plan of liquidation.

As a result of the decision to seek liquidation of its machinery at
auction, the Debtor is left with a number of trucks, several with
liens and some without.

A copy of the list of trucks to be sold attached to the Motion is
available for free at:

            http://bankrupt.com/misc/Kubco_Decanter_46_Sales.pdf

The Debtor proposes to sell to auto dealers, including CarMax, Joe
Myers Ford and similar entities.  The Debtor seeks authority to
obtain the highest and best price for each of the trucks.  None of
the sales will be to insiders of the Debtor.  The Debtor has
received initial bids for the two most valuable trucks and
continues to seek bids for sale of the remaining trucks.

The sale of the trucks proposed will not require the payment of
auction fees or other administrative costs.  In this case, if the
Debtor incurred such cost it would likely absorb much or all of the
net proceeds.

The Debtor asks the Court approve the sale of the Trucks to in
exchange for the proposed sale price.  Its decision to sell trucks
under Section 363(b) is subject to the business judgment rule.

The Debtor has received bids for two of the five vehicles and
proposes to sell the remaining vehicles in the same manner.  Any
sale to a third party would have to be free and clear under Section
363(f) which would require outstanding lien holders to be paid at
time of sale and reduce the net proceeds to the estate by amount
listed.  Each of the lienholders has filed claims in the case and
the Debtor proposes to pay each their filed claim in the amounts
listed in the filed claims.

Under the circumstances, the Debtor that the price to be obtained
is a fair price and that such a sale is in the best interest of the
estate and its creditors.

The Debtor asks that the Court consider the Motion on an expedited
basis.  The Debtor has a hearing scheduled for the auction of its
equipment on Jan. 19, 2016 and will need to close operations prior
to that date and the Trucks.

Accordingly, the Debtor asks that the Court (i) approve the sale of
the Trucks as set forth; (ii) approve the payment of lienholders as
set forth; (iii) authorize the Debtor to execute all documents
necessary to effectuate the sale; and (iv) grant other just
relief.

The Purchaser can be reached at:

          JOE MYERS FORD
          16634 Northwest Fwy
          Houston, Texas 77040

                About Kubco Decanter Services

Kubco Decanter Services, Inc. operates a Decanter Service servicing
a variety of industries, including the Oil and Gas Industry and
operates from a facility located at 8031 Breen Road, Houston,
Texas.  The company suffered business setbacks as a result of the
Oil and Gas market and ultimately closed its operations to
liquidate the assets.

The company provided a full range of centrifuge products, including
new and remanufactured equipment, as well as parts and complete
centrifuge related services creating a one-stop shop for all of the
centrifuge product and service needs of its customers

Kubco Decanter Services, Inc., filed a Chapter 11 petition (Bankr.
S.D. Tex. Case No. 16-34581) on Sept. 9, 2016.  The petition was
signed by Russel O'Brien, vice-president.  The case is assigned to
Judge Jeff Bohm.  The Debtor is represented by Peter Johnson,
Esq., at the Law Offices of Peter Johnson of Houston, TX.  At the
time
of filing, the Debtor disclosed $1.26 million in total assets and
$1.63 million in total liabilities.


KUM GANG: Disclosure Statement Hearing Set for Jan. 4
-----------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of New York is
set to hold a hearing on Jan. 4, at 2:00 p.m., to consider approval
of the disclosure statement explaining the Chapter 11 plan of
reorganization of Kum Gang Inc.

The hearing will take place at the U.S. Bankruptcy Court, Courtroom
3529, Third Floor, 271-C Cadman Plaza East, Brooklyn, New York.  

Under the company's latest plan, general unsecured creditors, which
assert more than $3.57 million in claims, will get 9.09218% of
their claims for a total of $325,000.  Payments will be made on the
effective date of the plan.

The unsecured creditors' pro rata share of the $325,000 will be
allocated to the liquidated damages portion of the award judgment
as opposed to back pay, and claims of these creditors against Kum
Gang will be discharged upon the effective date of the plan,
according to the company's latest disclosure statement filed on
Dec. 13.

A copy of the 6th amended disclosure statement is available for
free at https://is.gd/B2Fb2L

Kum Gang is represented by:

     Michael Resnick, Esq.
     270 North Avenue, Suite 811
     New Rochelle, NY 10801

                       About Kum Gang Inc.

Kum Gang, Inc., based in Flushing, N.Y., filed a Chapter 11
petition (Bankr. E.D.N.Y. Case No. 15-42018) on April 30, 2015.
Hon. Carla E. Craig presides over the case.  In its petition, the
Debtor estimated $1 million to $10 million in both assets and
liabilities.  The petition was signed by Ji Sung Yoo, president.


LAWRENCE SCHIFF: Disclosures OK'd; Plan Hearing on Jan. 18
----------------------------------------------------------
The Hon. Jean K. FitzSimon of the U.S. Bankruptcy Court for the
Eastern District of Pennsylvania has approved the first amended
disclosure statement William G. Schwab, Chapter 11 Trustee for
Lawrence Schiff Silk Mills, Inc., filed for the Debtor.

The hearing on the confirmation of the Plan will be held on Jan.
18, 2017, at 9:30 a.m.

Jan. 13, 2017, is established as the deadline by which to file and
serve written objections to confirmation of the Plan.  Jan. 13 is
also the last date by which ballots must be received in order to be
considered as acceptances or rejections of the Plan.

A report on plan voting will be filed on Jan. 16, 2017.

As reported by the Troubled Company Reporter on Dec. 14, 2016, the
Chapter 11 Trustee filed with the Court an amended disclosure
statement with respect to the Debtor's plan of liquidation.  Under
the Amended Plan, as of the Effective Date, the Allowed Class 5
Claims are estimated to total $1,004,760.  The distribution to
holders of allowed general unsecured claims is estimated to be
between 35% and 45%.

                  About Lawrence Schiff Silk Mills

Founded in 1918 and headquartered in Quakertown, Pennsylvania,
Lawrence Schiff Silk Mills, Inc.'s primary business was the
manufacturing of ribbons, bows, ties, straps, webbing and over 500
additional woven, fabricated materials for more than 1,000
customers worldwide.  LSSM served the global industrial,
apparel, military, medical, packaging and hospitality markets.

On April 5, 2016, Pyramid Realty Group, LP, Aero Energy and Grant
Industries, Inc., filed an involuntary petition under Chapter 11 Of
Title 11 of the United States Code pursuant to Sec. 303 of the
Bankruptcy Code against Lawrence Schiff Silk Mills (Bankr. E.D. Pa.
Case No. 16-12396).  Pyramid is owned by Richard J. Schiff, who
holds a minority equity stake in Debtor, owns RJLS Enterprises,
Inc., and owns or owned the Debtor's predecessor entities.


LEGEND OIL: Obtains $300,000 from Debenture Issuance
----------------------------------------------------
Legend Oil and Gas, Ltd., entered into a Securities Purchase
Agreement with Hillair Capital Investments, L.P. on Dec. 16, 2016,
pursuant to which it issued an Original Issue Discount Senior
Convertible Debenture to Hillair in the aggregate amount of
$330,000, payable in full on March 1, 2018.  The Debenture is
convertible into up to 11,000,000 shares of Common Stock at a
conversion price of $.03 per share.  The repayment of the Debenture
is unsecured.

After taking into account the original issue discount, the net
proceeds received by the Company was $300,000.

                       About Legend Oil
       
Alpharetta, Ga.-based Legend Oil and Gas, Ltd., is a crude oil
hauling and trucking company.  The Company has principal operations
in the Bakken region of North Dakota.  The Company's segments
include Corporate, Trucking and Services.  The Company holds
interests in Black Diamond Energy Holdings, LLC (Maxxon).  Maxxon
is a trucking and oil and gas services company that operates in
North Dakota.  The Company performs hauling services for
institutional drilling and exploration companies, as well as crude
oil marketers.

Legend Oil reported a net loss of $14.98 million in 2015 following
a net loss of $2.35 million in 2014.

As of Sept. 30, 2016, Legend Oil had $4.75 million in total assets,
$9.27 million in total liabilities and a total stockholders'
deficit of $4.52 million.

GBH CPAs, PC, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that Legend Oil and Gas Ltd. has
suffered recurring losses from operations and has a net working
capital deficiency that raise substantial doubt about its ability
to continue as a going concern.


LEI MACHINING: Unsecureds To Recover 100% in 60 Payments
--------------------------------------------------------
LEI Machining LLC filed with the U.S. Bankruptcy Court for the
District of Arizona a small business disclosure statement
describing its plan of reorganization, dated Dec. 19, 2016, which
proposes to give general unsecured creditors a distribution of
approximately 100% of their allowed claims.

Class 7 consists of the secured claim of Alliance Material
Handling. This claim is secured by equipment: Daewoo G25E Forklift
#179491. The Fair market value of this property is $6,000. This
creditor will retain its lien until the claim is paid. The Debtor
will pay the claim $30 a month with an interest rate of 5%
beginning Mar 15, 2017 and ending on July 15, 2020. This class is
impaired.

Class 8 consists of the secured claim of TimePayment Corp. This
claim is secured by equipment: Thermal Dynamics Plasma Cutmaster
MX52276103. The Fair market value of this property is $2,500. This
creditor will retain its lien until the claim is paid. The Debtor
will pay the claim $50 a month with an interest rate of 5%
beginning Mar 15, 2017 and ending on Dec. 15, 2020. This class is
impaired.

Class 10 consists of the allowed claim of general unsecured
creditors. Holder of an allowed claim in this class will be paid a
pro rata share of $5,800 until the claim is paid in full. Payments
begin on March 15, 2021 and ends on March 15, 2022. This class is
impaired under the plan.

Payments and distributions under the Plan will be funded by the
business operations of the Debtor. Debtor will make approximately
60 payments of $5,800 under the plan. For the first 48 months,
those payments will be devoted to paying the secured claims
described above, and for the remaining 12 months, those payments
will be paid to general unsecured creditors, pro rata, until the
allowed claims are paid in full.

A full-text copy of the Disclosure Statement is available at:

       http://bankrupt.com/misc/azb2-16-07089-91.pdf

                     About LEI Machining

LEI Machining, LLC, filed a chapter 11 petition (Bankr. D. Ariz.
Case No. 16-07089) on June 22, 2016.  The petition was signed by
Elvin Fant, Jr., member.  The Debtor is represented by Brian M.
Blum, Esq., at The Turnaround Team PLLC.  The Debtor estimated
assets and liabilities at $100,001 to $500,000 at the time of the
filing.


LENSAR INC: Jan. 5 Meeting Set to Form Creditors' Panel
-------------------------------------------------------
Andy Vara, Acting United States Trustee for Region 3, will hold an
organizational meeting on Jan. 5, 2016, at 10:30 a.m. in the
bankruptcy case of Lensar, Inc.

The meeting will be held at:

               The DoubleTree Hotel
               700 King St.
               Wilmington, DE 19801

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' case.

The organizational meeting is not the meeting of creditors pursuant
to Section 341 of the Bankruptcy Code.  A representative of the
Debtor, however, may attend the Organizational Meeting, and provide
background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States Trustee
appoint a committee of unsecured creditors as soon as practicable.
The Committee ordinarily consists of the persons, willing to serve,
that hold the seven largest unsecured claims against the debtor of
the kinds represented on the committee.

Section 1103 of the Bankruptcy Code provides that the Committee may
consult with the debtor, investigate the debtor and its business
operations and participate in the formulation of a plan of
reorganization.  The Committee may also perform other services as
are in the interests of the unsecured creditors whom it
represents.

                     About LENSAR, Inc.

LENSAR, Inc. -- http://www.lensar.com/-- is involved in next
generation femtosecond laser technology for refractive cataract
surgery.  The LENSAR Laser System with Streamline II offers
cataract surgeons automation and customization of essential steps
of the refractive cataract surgery procedure with the highest
levels of precision, accuracy, and efficiency, while optimizing
overall visual outcomes.

Lensar Inc. filed for bankruptcy petition (Bankr. Del., Case No.
16-12808) on Dec. 16, 2016.  Matthew Summers, Esq., at Ballard
Spahr LLP, represents the Debtor.  Epiq Bankruptcy Solutions, LLC,
serves as notice and claims agent.

The Debtor estimated $50 million to $100 million in assets and
liabilities.



LEVEL 3 FINANCING: S&P Raises Rating on Unsecured Debt to 'BB-'
---------------------------------------------------------------
S&P Global Ratings said that it has reviewed its recovery and
issue-level ratings for Level 3 Communications Inc. that were
labeled as "under criteria observation" (UCO) after publishing its
revised recovery ratings criteria on Dec. 7, 2016.  With S&P's
criteria review complete, it is removing the UCO designation from
these ratings and raising the issue-level rating on all of the
company's secured debt at subsidiary Level 3 Financing to 'BBB-'
from 'BB+' and all of the company's unsecured debt at subsidiary
Level 3 Financing to 'BB-' from 'B+'.  Since the issue-level
ratings for both the secured and unsecured debt at Level 3
Financing are now raised and S&P don't expect further improvement,
it is removing all ratings from CreditWatch, where it had placed
them with positive implications on Oct. 31, 2016 following the
announced acquisition by CenturyLink.  S&P is also affirming the
'B+' issue-level rating on the unsecured debt at Level 3
Communications.

S&P revised its recovery rating on Level 3 Financing's secured debt
to '1' from '2'.  The '1' recovery rating indicates S&P's
expectation for very high (90%-100%) recovery in the event of
payment default.  S&P revised the recovery rating on the company's
unsecured debt at Level 3 Financing to '5' from '6'.  The '5'
recovery rating indicates S&P's expectation for modest (30%-50%;
lower half of range) recovery in the event of payment default.
There is no change to the '6' recovery rating on the unsecured debt
at Level 3 Communications.  The '6' recovery rating indicates S&P's
expectation for negligible (0%-10%) recovery in the event of
payment default.

These rating actions stem solely from the application of S&P's
revised recovery criteria and do not reflect any change in its
assessment of the corporate credit ratings for issuers of the
affected debt issues.

RATINGS LIST

Rating Actions Due To Revised Recovery Rating Criteria For
Speculative-Grade Corporate Issuers

Issue Ratings Raised And Removed From CreditWatch; Recovery Ratings
Revised

Level 3 Financing Inc.
                            To          From
Senior secured             BBB-        BB+/Watch Pos
  Recovery rating           1           2H

Senior unsecured           BB-         B+/Watch Pos
   Recovery rating          5L          6

Issue Ratings Affirmed; Recovery Ratings Unchanged

Level 3 Communications Inc.
Senior unsecured           B+     
   Recovery rating          6      


LINC USA GP: 5.4%-37% Recovery For Unsecured Creditors
------------------------------------------------------
Linc USA GP and affiliates filed with the U.S. Bankruptcy Court for
the Southern District of Texas a disclosure statement describing
their joint plan of liquidation, dated Dec. 19, 2016, which
proposes to give general unsecured claimants an estimated 5.4%-37%
distribution of their claims.

Unless the holder and the Debtors, in consultation with the Ad Hoc
Noteholder Group or, after the Effective Date, the Creditor Trustee
agree to a different treatment, each holder of an Allowed General
Unsecured Claim shall receive, in full and final satisfaction,
settlement, release, and discharge of, and in exchange for such
Claim, its Pro Rata share of the GUC Trust Interests, pursuant to
which each holder shall be entitled to receive from the Creditor
Trust its Pro Rata share of the GUC Trust Assets when and as such
assets are available for distribution in accordance with the terms
of the Creditor Trust Agreement.

The GUC Trust Assets consist of:

   (a) an initial distribution of $950,000 to be funded from the
Creditor Trust Assets on or as soon
as practicable after the Effective Date;

   (b) 50% of the proceeds recovered from the LEO Bonds; and

   (c) 40% of the proceeds of the Remaining Creditor Trust Assets.
Upon acceptance, by Class, of the Plan by holders of First Lien
Note Claims, Second Lien Note Claims and General Unsecured Claims,
all holders of Allowed First Lien Note Claims and Allowed Second
Lien Note Claims shall be deemed to have agreed to forgo any
distribution from the GUC Trust Assets in respect of their their
deficiency claims.

Except as otherwise specifically provided in the Plan or in the
Confirmation Order or Stipulation, all Cash required for the
payments to be made shall be obtained from the Creditor Trust.

A full-text copy of the Disclosure Statement is available at:

        http://bankrupt.com/misc/txsb16-32689-451.pdf  

                      About Linc USA GP

Each of Linc USA GP, Linc Energy Finance (USA), Inc., Linc Energy
Operations, Inc., Linc Energy Resources, Inc., Linc Gulf Coast
Petroleum, Inc., Linc Energy Petroleum (Wyoming), Inc., Paen
Insula
Holdings, LLC, Diasu Holdings, LLC, Diasu Oil & Gas Company, Inc.,
Linc Alaska Resources, LLC and Linc Energy Petroleum (Louisiana),
LLC filed a voluntary petition for relief under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 16-32689) on May
29, 2016.

Linc USA GP and its subsidiaries operate an independent oil and
gas
exploration and production business with a primary focus on
conventional onshore and shallow state water properties along the
Gulf Coast of Texas and properties in the Powder River Basin of
Wyoming.  The Debtors, through their majority owned subsidiary,
Renaissance Umiat, LLC (which is not a Debtor), also own oil and
gas properties in the Umiat field on Alaska's North Slope.  The
Debtors are ultimately owned by Linc Energy Ltd., an Australian
corporation established in the year 2000, shares of which were
listed on the Singapore Stock Exchange.  Linc Energy Ltd.
entered
into voluntary administration in Australia on April 15, 2016.

The Debtors estimated assets in the range of $50 million to $100
million and debts of up to $500 million.  As of the Petition
Date,
the Debtors estimate that they owed approximately $5.8 million to
their vendors.

Bracewell LLP serves as the Debtors' counsel.  Kurtzman Carson
Consultants LLC acts as the Debtors' notice, claims and balloting
agent.

Judge David R Jones presides over the cases.

The Office of the U.S. Trustee on June 17 appointed three
creditors
of Linc USA GP and its affiliates to serve on the official
committee of unsecured creditors.  The Creditors' Committee has
tapped McKool Smith, P.C., as legal counsel.


M2L TRANSPORTATION: Jan. 24 Plan Disclosures Hearing
----------------------------------------------------
Judge Jerry A. Funk of the U.S. Bankruptcy Court for the Middle
District of Florida conditionally approved the disclosure statement
with respect to a chapter 11 plan of reorganization filed by M2L
Transportation, LLC on Dec. 15, 2016.

Jan. 24, 2017 , is fixed for the hearing on final approval of the
disclosure statement and for the hearing on confirmation of the
plan. The hearing will be held at 2:30 p.m., in 4th Floor Courtroom
D, 300 North Hogan Street, Jacksonville, Florida.

Creditors and other parties in interest shall file with the court
their written ballots accepting or rejecting the plan no later than
14 days before the date of the confirmation hearing.

                   About M2L Transportation

M2L Transportation, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. M.D. Fla. Case No. 16-03075) on Aug. 12, 2016.  Jason A.
Burgess, Esq., at The Law Offices of Jason A. Burgess, LLC, as
bankruptcy counsel.

The Debtor's assets and liabilities are both below $1 million.


MARY ZIMMERMAN: Sale of McLean Property for $1.8M Approved
----------------------------------------------------------
Judge Brian F. Kenney of the U.S. Bankruptcy Court for the Eastern
District of Virginia authorized Mary Lou Zimmerman's sale contract
in connection with the short sale of real property located at 935
Mackall Ave., McLean, Virginia, to Joshua A. Olazabal and Suk
Olazabal for $1,778,000.

The Debtor may convey the property to the Purchaser, disbursing
from the proceeds of sale at closing funds necessary to pay all
closing costs, including the broker's commissions as set forth in
the Motion, which are approved, and including adjustment of real
estate taxes to the date of settlement, and payment of the agreed
amounts at closing to PNC and SLS ($1,676,398 to PNC and $40,000 to
SLS) by Dec. 23, 2016, or such other date as the parties agree
upon.

The Order is effective immediately upon entry.

Mary Lou Zimmerman sought Chapter 11 protection (Bankr. E.D. Va.
Case No. 16-10237) on Jan. 21, 2016.


MASSACHUSETTS DFA: Fitch Cuts Series 2014A Rev. Bonds to BB+
------------------------------------------------------------
Fitch Ratings has downgraded the rating on the following bonds
issued by the Massachusetts Development Finance Agency on behalf of
Lawrence General Hospital (LGH) to 'BB+' from 'BBB-':

-- $43.4 million revenue bonds, series 2014A.

The Rating Outlook is revised to Stable from Negative.

SECURITY

The bonds are secured by pledge of the obligated group's gross
revenues, a first lien mortgage on LGH's hospital facility, and a
debt service reserve fund.

KEY RATING DRIVERS

CONTINUED WEAK OPERATING PERFORMANCE: The downgrade to 'BB+' from
'BBB-' reflects LGH's continued weak financial performance in
fiscal 2016 and expectations for challenged operations in fiscal
2017. After a $6.76 million operating loss in fiscal 2015, LGH and
its consolidated affiliates experienced a $3.35 million operating
loss in fiscal 2016. Profitability suffered due to lower volumes,
governmental reimbursement pressures, and growing expenses from
physician practices and service expansions. Based on LGH's draft
audit report, the operating margin was negative 1.3% in fiscal 2016
(Sept. 30 year-end), improved from negative 2.9% the prior year.

REDUCED LIQUIDITY LEVELS: The downgrade is also based on LGH's
reduced liquidity levels. As of Sept. 30, 2016, LGH had $53.4
million of unrestricted cash and investments, equating to 80.1 days
cash on hand, which is down from $63.9 million or 112.5 days cash
on hand at the end of fiscal 2013. Liquidity levels are down due to
the operating losses, heightened capital expenses, and strategic
investments in related healthcare ventures and service line
development.

SIZEABLE CAPITAL PLANS: LGH is in the midst of a $73 million master
facilities plan (2014-2019) with major projects including inpatient
renovations and a new surgical building. A portion was funded with
the series 2014A bond issue and $30 million of direct bank
placements that closed in February 2016. Fitch views the investment
in the facilities and surgical programs positively as it will
provide improved access and enhanced clinical service
capabilities.

INCREASED BUT MANAGEABLE DEBT POSITION: Maximum annual debt service
(MADS) is low at 2.4% of total revenues despite the issuance of $30
million in new debt during fiscal 2016. However, certain of LGH's
other capital-related metrics are weak and more reflective of a
non-investment grade rating.

AFFILIATIONS WITH OTHER PROVIDERS: LGH has clinical affiliations
with Beth Israel Deaconess Medical Center (BIDMC), Floating
Hospital for Children at Tufts Medical Center, and the Choice Plus
PHO, which includes the Greater Lawrence Family Health Center, Beth
Israel Deaconess Care Organization Physicians, and Pentucket
Medical Associates. LGH and Pentucket Medical Associates have
collaborated to provide primary, pediatric, and urgent care in
Andover, MA. Fitch views these relationships favorably as they
broaden LGH's geographic footprint and help stem patient
outmigration.

RATING SENSITIVITIES

CONTINUED WEAK OPERATING PERFORMANCE: The Rating Outlook is Stable
at the lower rating level. However, Lawrence General Hospital (LGH)
management expects financial performance to remain soft in fiscal
2017 and is budgeting for another operating loss. If profitability
and debt service coverage metrics deteriorate further, negative
rating pressure could occur.

FURTHER LIQUIDITY REDUCTIONS: If LGH's cash position continues to
erode in light of its capital spending plans and lower earnings,
negative rating action is possible.

CREDIT PROFILE

LGH is a 189-licensed bed non-profit hospital located in Lawrence,
MA approximately 25 miles north of Boston. The obligated group
includes LGH and Lawrence General Hospital Charitable Trust, which
is the hospital's foundation and fundraising enterprise.
Non-obligated entities operate physician practices, a management
services company, an imaging center, and a qualified low-income
community business. LGH and its affiliates had total revenue of
nearly $250 million in fiscal 2016 according to its draft audit.
For its analysis, Fitch uses the total system consolidated
financial statements including all affiliates. In fiscal 2016, the
obligated group represented 97% of total system revenues and nearly
95% of total system assets.

WEAKENED FINANCIAL PERFORMANCE

LGH experienced a large and unexpected negative swing in operating
performance in fiscal 2015 due to lower volumes, governmental
reimbursement pressures, and start-up expenses from service
expansions. Partially due to the severe winter weather and slower
than expected benefits from newly recruited physicians, volumes
declined in fiscal 2015. Additionally, Medicare and Medicaid
reimbursement and certain supplemental funding programs were
reduced.

On the expense side, investments in employed physician practices,
increased capital costs and higher wages and benefits contributed
to the operating loss. As a result, LGH lost $6.76 million in
fiscal 2015 after a $6.74 million gain in the prior fiscal year.
Given the weakened operations, MADS coverage dropped to 1.0x in
fiscal 2015 from 3.0x a year earlier. The obligated group's
financial performance and ratios are stronger than the consolidated
system given the operating losses at the employed physician
practices.

To respond to the financial challenges, management instituted a
cost mitigation plan that resulted in the reduction of about 47
full-time equivalent positions. For fiscal 2016, $5.1 million of
net assets released from restrictions, labor cost savings, lower
contracted services expenses, and growing outpatient volumes
improved financial performance, but still resulted in a $3.35
million operating loss and modest 1.5x MADS coverage. The loss was
above LGH's fiscal 2016 budgeted figure of $2.66 million.

Continued reimbursement challenges from a payor mix with a 70.5%
governmental concentration, limited pricing power with commercial
health plans, competitive pressures from two nearby Steward Health
Care System hospitals, and labor expense burdens from physician
practices and a unionized work force limit LGH's budgetary
flexibility. Specifically, in fiscal 2017, LGH will be challenged
by the temporary Medicare area wage index reductions that are
negatively affecting many Massachusetts hospitals.

LOWER LIQUIDITY LEVELS

As a result of the operating losses, heightened capital expenses,
and strategic investments in related healthcare ventures and
service line development, liquidity levels have declined. As of
Sept. 30, 2016, LGH had $53.38 million of unrestricted cash and
investments amounting to 80.1 days cash on hand, 59.1% of long-term
debt, and 9.1x cushion ratio. These figures are at or around to
Fitch's non-investment grade category medians of 95.7 days cash on
hand, 50.8% cash to debt and 6.4x cushion ratio. Negatively, LGH's
days in accounts payable grew by over 12 days since the end of
fiscal 2014 to an unfavorable 74.8 days as of Sept. 30, 2016.
Additionally, LGH has a $4 million line of credit outstanding which
somewhat overstates its liquidity position. The obligated group's
balance sheet and related ratios are stronger than the consolidated
system given the affiliates' narrow liquidity and long-term debt
balances.

SUPPLEMENTAL FUNDING

In 2014, through the Massachusetts Medicaid Waiver extension, LGH
was awarded a second phase of Delivery System Transformation
Initiative (DSTI) funding with annual payments of $15.8 million
through June 2019. This funding is in addition to the $43.3 million
of DSTI funding that LGH received for a three-year period ending
June 2014, which allowed LGH to focus on population health and
alternative payment models. Projects identified for phase two of
the DSTI funds include upgrades to health information exchange
technology, medication safety, post-acute care network development,
and additional population health and alternative payment model
programs. While Fitch views these incentive payments favorably,
they are subject to annual appropriation from the Massachusetts
legislature and were reduced to $14.4 million in fiscal 2015 and
2016 even though LGH successfully completed all of the required
project metrics. LGH is budgeting for a similar amount of DSTI
funds in fiscal 2017.

SIGNIFICANT CAPITAL INVESTMENTS

LGH is making significant capital investments through 2019, which
Fitch believes are strategic in nature and manageable at the
current rating level if LGH stabilizes its cash flow and liquidity
position. The total cost of LGH's master plan is about $73 million,
of which approximately $14 million will be funded via operating
cash flow and reserves. The new surgical building is expected to
cost $55 million and is being funded with reserves, capital
campaign, $16.8 million of new-market tax credit loans, and the $30
million of new debt issued in February 2016. While the new-market
tax credit loans appear as long-term debt on the consolidated LGH
balance sheet, the obligation is expected to be forgiven after six
more years for a $1,000 payment. During the first seven years that
these loans are outstanding, LGH will pay interest only of about
$213,000 annually. As a result of the large scope of the master
facilities plan, routine capital expenditures have been reduced and
are projected at about $800,000 for fiscal 2017. Regardless, total
capital spending for fiscal 2017 is budgeted at over $17 million
and is expected to place pressure on unrestricted cash balances.

DEBT PROFILE

Assuming a full drawdown of the $30 million of direct bank loans,
LGH will have about $95 million in debt outstanding, of which about
70% is fixed-rate and 30% is variable-rate. The $14.2 million
series 2013A variable-rate bonds are privately placed with TD Bank
and not rated by Fitch. The $30 million of series 2016 direct bank
placements are fixed-rate obligations with a 5-year term and
thirty-year amortization. The $16.8 million new-market tax credit
loans are an obligation of LGH Administrative Services, a
not-for-profit affiliate that acts as a qualified active low-income
community business that is part of the development project for the
surgical building. MADS is about $5.88 million, and includes
interest only for the new-market tax credit loans.

SUCCESSFUL PARTNERSHIPS

Fitch believes LGH's successful affiliations with physicians and
other clinicians in certain service lines has resulted in expanded
programs and access to providers. LGH has added service
capabilities to address health care needs in the local area,
including bariatrics, endocrinology, oncological surgery and
pediatric specialties. LGH strengthened its clinical affiliations
with BIDMC in 2014 and also joined its contracting and risk sharing
organization. LGH also has an affiliation with Floating Hospital
for Children at Tufts Medical Center and collaborates with
Pentucket Medical Associates, opening an urgent care, women's and
imaging center in the growing Andover, MA service area in 2015.

DISCLOSURE

LGH has covenanted to disclose annual financial statements to the
Municipal Securities Rulemaking Board's EMMA system within 150 days
of year end in addition to quarterly disclosure within 60 days of
the end of each quarter.


MATHIOPOULOS 3M: Disclosures OK'd; Plan Hearing on Feb. 2
---------------------------------------------------------
The Hon. Ronald H. Sargis of the U.S. Bankruptcy Court for the
Eastern District of California has approved Mathiopoulos 3M Family
Limited Partnership's disclosure statement filed on Nov. 9, 2016,
referring to the Debtor's plan of reorganization.

The hearing on the confirmation of the Plan is set for Feb. 2,
2017, at 11:30 a.m.

Jan. 17, 2017, is the date fixed as the last day for mailing or
faxing the completed ballot accepting or rejecting the Plan to
counsel for the Plan proponent; and filing written objections to
confirmation of the Plan.

The plan proponent will file and serve its argument and evidence in
support of confirmation, replies to any opposition, and a ballot
tabulation, no later than Jan. 25, 2017.

As reported by the Troubled Company Reporter on Dec. 6, 2016, the
Debtor filed a Chapter 11 plan of reorganization, which proposes
that Class 5 general unsecured creditors be paid up to 100% of
their allowed claims over a period of no more than 60 months
following the effective date of the plan with interest at 4% per
annum.  

                     About Mathiopoulis 3M

Mathioupoulos 3M Family Limited Partnership filed a Chapter 11
petition (Bankr. E.D. Ca. Case No. 16-20852) on Feb. 16, 2016.  The
petition was signed by Diane M. Mathiopoulos, authorized
representative.  The Debtor is represented by J. Luke Hendrix,
Esq., at Desmond, Nolan, Livaich & Cunningham. The case is assigned
to Judge Ronald H. Sargis.  The Debtor disclosed total assets at
$5.36 million and total liabilities at $3.04 million.


MCNEILL PROPERTIES: Premier Construction To Get $428K Under Plan
----------------------------------------------------------------
McNeill Properties V, LLC, filed with the U.S. Bankruptcy Court for
the Eastern District of Pennsylvania a first amended disclosure
statement dated Dec. 12, 2016, referring to the Debtor's plan of
reorganization.

Class 3 - Secured Claim of Premier Construction Group, Inc., and
all Mechanic's Lien Claim Holders is impaired under the Plan.  Per
the settlement stipulation entered into by the parties on Dec. 7,
2016, the treatment and consideration to be received by Class 3
will be in full settlement, satisfaction, release and discharge of
their respective secured claims.  The Class 3 Claim will be set at
$428,391.18.  Payments on the Mechanic's Lien Claims Amount will be
based on a 25-year amortization schedule commencing the first day
of the first calendar month after the Effective Date and continuing
for 60 months with interest accruing at 4%.  All remaining amounts
due under the Mechanic's Lien Claims Amount will be paid on the
61st month following the Effective Date.

The payments made to Premier on account of the Premier Claim will
be set $1,622.26 a month for 60 months with a balloon payment of
$267,709.09 on the 61st month following the Effective Date.

The Plan will be funded through the Debtor's ongoing operations.

The First Amended Disclosure Statement is available at:

          http://bankrupt.com/misc/paeb16-14944-142.pdf

As reported by the Troubled Company Reporter on Oct. 12, 2016, the
Debtor filed with the Court a plan of reorganization and
accompanying disclosure statement estimating that unsecured
creditors will receive 100% of their claims in monthly payments of
$4,657.82 on a pro rata basis for 60 months commencing on the
effective date of the plan.

                   About McNeill Properties V

McNeill Group, Inc., and McNeill Properties V, LLC, filed Chapter
11 petitions (Bankr. E.D. Pa. Case Nos. 16-14943 and 16-14944) on
July 12, 2016.  The petitions were signed by Edward J. McNeill,
Jr., president.

The Debtors are represented by Albert A. Ciardi, III, Esq., at
Ciardi Ciardi & Astin, P.C.  The cases are assigned to Judge Jean
FitzSimon (16-14943) and Judge Ashely M. Chan (16-14944).

The Debtors each estimated assets and liabilities of $10 million
to $50 million at the time of the filing.


MCSGLOBAL INC: Trustee's Sale of Assets for $200K Approved
----------------------------------------------------------
Judge Brian F. Kenney of the U.S. Bankruptcy Court for the Eastern
District of Virginia, Alexandria Division, authorized the sale by
Bradford F. Englander, the chapter 11 trustee for MCSGlobal, Inc.,
of substantially all of the Debtor's assets to Kellton Tech
Solutions, Ltd., or its designated assignee, for $200,000.

Kellton will be entitled to the protection of Section 363(m) of the
bankruptcy Code if the Order or any authorization contained is
appealed.

Upon the Closing under the Sale Agreement, the Customer Contracts
will be assumed and assigned to Kellton.

Kellton will preserve all business records and data of the Debtor
that are delivered to Kellton, regardless of the source of such
records or date, for a period of 3 years following the Closing, and
will not delete any such records.

Upon the Closing, the Trustee is authorized to take all actions and
execute all documents necessary to effect the change of the
Debtor's corporate name to MCSG Wind-Down Inc., or such other name
as the Trustee may select in accordance with the laws of the
Commonwealth of Virginia.

The 14-day stays set forth in Bankruptcy Rules 6004(h) and 6006(d)
and any applicable Local Rules will be and are waived.  The Order
will be effective and enforceable immediately upon entry.

Notwithstanding the foregoing, the Trustee has committed and
represented that he will not close under the Sale Agreement before
Dec. 28, 2016.

                    About MCSGlobal, Inc.

MCSGlobal, Inc., is a staffing provider specializing in
information
technology services located in Sterling, Virginia. MCSGlobal
contracted to provide information technology staffing services to
at least thirteen clients in the mid-Atlantic region.

MCSGlobal sought Chapter 11 protection (Bankr. E.D. Va. Case No.
15-11674) on May 14, 2015.  The petition was signed by Suresh
Doki,
president.  The Debtor estimated assets of $0 to $ 50,000 and
$500,001 to $1 million in debt.  Dawn C. Stewart, Esq. at The
Stewart Law Firm, PLLC, serves as the Debtor's counsel.


METABOLIX INC: Stockholders Approve Amendments to 2014 Plan
-----------------------------------------------------------
At a special meeting of Metabolix, Inc.'s stockholders held on Dec.
21, 2016, the stockholders approved a proposal authorizing
amendments to the 2014 Plan to increase the number of shares
authorized for issuance thereunder by 5,833,334 shares and to
increase certain limits on individual awards under the 2014 Plan.

                     About Metabolix

Metabolix, Inc., is implementing a strategic plan under which the
Company has wound down its legacy PHA biopolymer business and
Yield10 Bioscience will become its core business, with a focus on
developing disruptive technologies for step-change improvements in
crop yield.  Yield10 is leveraging Metabolix's extensive track
record of innovation based around optimizing the flow of carbon
intermediates in living systems.  Yield10 is working on new
approaches to improve fundamental elements of plant metabolism
through enhanced photosynthetic efficiency and directed carbon
utilization.  Yield10 is advancing several yield traits in
development in crops such as camelina, canola, soybean and corn.
The Company is based in Woburn, Mass.

Metabolix reported a net loss of $23.68 million in 2015, a net loss
of $29.53 million in 2014 and a net loss of $30.50 million in
2013.

As of Sept. 30, 2016, Metabolix had $13.52 million in total assets,
$4.94 million in total liabilities and $8.57 million in total
stockholders' equity.

PricewaterhouseCoopers LLP, in Boston, Massachusetts, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company has suffered recurring losses from operations and has
insufficient capital resources, which raises substantial doubt
about its ability to continue as a going concern.


MINI MASTER: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Mini Master Concrete Services, Inc.
        PO Box 2409
        Toa Baja, PR 00951

Case No.: 16-09956

Chapter 11 Petition Date: December 22, 2016

Court: United States Bankruptcy Court
       District of Puerto Rico (Old San Juan)

Judge: Hon. Mildred Caban Flores

Debtor's Counsel: Charles Alfred Cuprill, Esq.
                  CHARLES A CUPRILL, PCS LAW OFFICES
                  356 Calle Fortaleza
                  Second Floor
                  San Juan, PR 00901
                  Tel: 787 977-0515
                  E-mail: ccuprill@cuprill.com

Total Assets: $15.78 million

Total Debt: $5.46 million

The petition was signed by Carmen M. Betancourt, president.

Debtor's List of 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
American Express Co.                 Credit Card          $2,853

Arecibo Hydraulic Center Inc.        Equipment &          $1,942
                                      Supplies

Autoridad De Acueductos Y           Water & Sewer         $2,646
Alcantarillado                         Services

Autoridad De Energia Electrica     Electric Power        $39,896
                                       Service

Cantera Carmelo Inc.               Raw Materials         $41,264

Claro                               Telephone &           $1,556
                                     Internet
                                     Services

CRIM Bankruptcy Dept.              Real Property        $169,046
                                       Tax

Department of Treasury of           Excise Taxes         $62,224
Puerto Rico

Department of Treasury              Sales & Use          $22,137
of Puerto Rico                         Taxes

Edwin R Marrero Velez               Raw Materials        $11,562

Essroc San Juan Cement Co. Inc.     Raw Materials        $54,250

Master Products Corp.              Loan & Utility        $21,419

Municipio De Las Piedras           Sales & Use Tax        $4,414

Municipio De San Juan              Sales & Use Tax       $63,096

Municipio De TOA BAJA              Sales & Use Tax        $9,269

Pietrantoni Mendez & Alvarez LLP     Legal Services       $3,068

Productora De Agregados             Raw Materials        $51,357

Robert J Lizalzi                      Royalties          $17,628

State Insurance Fund                   Workmen            $3,860
                                     Compensation

Zaragoza and Alvarado LLP         Tax & Consulting        $2,596
                                      Services


ML HOSPITALITY: 102 Jericho Turnpike To Be Paid $697 For 120 Months
-------------------------------------------------------------------
ML Hospitality, Inc., filed with the U.S. Bankruptcy Court for the
Western District of Texas an amended disclosure statement
explaining its chapter 11 plan of reorganization.

The Class 8 claims, impaired under the plan, consists of the claims
of unsecured creditors which existed prior to confirmation. The
amount of unsecured claims consist of the claims scheduled on the
Debtors' Schedules (Schedule F) filed with the Court, and as
amended, and are in the projected allowed amount of $92,230
(approximate).

Class 8 includes the claims of 102 Jericho Turnpike, in the amount
of $72,230.36. The Debtor proposes to treat this creditor's claims
as unsecured and paid only in part.  The Debtor will object to the
claim of 102 Jericho Turnpike, filed as secured, Claim #7-1. In the
event the Debtor's objection is not sustained, the claim of 102
Jericho Turnpike will be amended as a secured creditor and repaid
through monthly payments on principal and interest in the amount of
$697.46 based upon a 10 year term and 3% interest.

The Class 8 creditors are to be paid 10% of their allowed claims
through equal semi-annual installments over 3 years. The
semi-annual payments to Class 8 creditors are to be made on a
pro-rata basis with after-tax dollars. The first 6 month period
begins on the first day of the month following the Effective Date
of the Plan, and the payments to Class 8 creditors are to be made
within 30 days from the end of each 6 month period. The total
payout to Class 8 creditors is 10 cents on the dollar. Class 8
claims will earn interest at 1% per annum.

The Plan is feasible as a result of the income generated by the
Debtor's operation of its Hotel in San Antonio, Texas.  

A full-text copy of the Amended Disclosure Statement is available
at:

          http://bankrupt.com/misc/txwb16-51282-69.pdf

                   About ML Hospitality

ML Hospitality, Inc., operates a Red Roof Inn in San Antonio,
Tex. 
The company filed a chapter 11 petition (Bankr. W.D. Tex. Case No.
16-51282) on June 6, 2016. The petition was signed by Mohammed N.
Alam, president. William R. Davis, Jr., Esq., at Langley & Banack,
Inc., represents the Debtor. At the time of the filing the Debtor
estimated its assets at $50,001 to $100,000 and liabilities at
$100,001 to $500,000.


ML HOSPITALITY: U.S. Trustee Opposes Approval of Plan Outline
-------------------------------------------------------------
The U.S. trustee overseeing the Chapter 11 case of ML Hospitality,
Inc., asked a bankruptcy court to deny approval of the disclosure
statement explaining the company's proposed restructuring plan.

In a filing with the U.S. Bankruptcy Court for the Western District
of Texas, the U.S. trustee said the plan violates the "absolute
priority rule" because the company's owner retains his interests
when more senior creditors are not paid in full.

"[Mohammed] Alam is making no new value contributions yet retaining
his equity," the Justice Department's bankruptcy watchdog said.

The U.S. trustee also complained that the plan does not contain
"adequate information" that would allow voting creditors to make an
informed judgment about the plan.

                       About ML Hospitality

ML Hospitality, Inc. operates a Red Roof Inn in San Antonio, Tex.
The company filed a chapter 11 petition (Bankr. W.D. Tex. Case No.
16-51282) on June 6, 2016.  The petition was signed by Mohammed N.
Alam, president.  William R. Davis, Jr., Esq., at Langley & Banack,
Inc., represents the Debtor.  At the time of the filing the Debtor
estimated its assets at $50,001 to $100,000 and liabilities at
$100,001 to $500,000.


MODULAR SPACE: Wants Court to Approve DIP Loans
-----------------------------------------------
Modular Space Holdings, Inc., and its affiliated debtors ask the
U.S. Bankruptcy Court for the District of Delaware to approve
postpetition financing from Bank of America, N.A., as DIP Agent,
and the DIP Lenders.

Debtors Modular Space Holdings, Inc., Modular Space Intermediate
Holdings, Inc., Modular Space Corporation, Resun ModSpace, Inc.,
ModSpace Government Financial Services, Inc. and Resun Chippewa,
LLC comprise the U.S. Borrowers, while debtor ModSpace Financial
Services, Canada, Ltd., is known as the Canadian Borrower.

The Debtors entered into a secured asset-based revolving credit
facility, also known as the ABL Facility, with Bank of America,
N.A., as administrative agent and the U.S. ABL Lenders and the
Canadian Lenders.

The ABL Facility allowed the Debtors to borrow an amount that is
limited to the lesser of $568 million in the case of U.S. Borrowers
and $200 million in the case of the Canadian Borrower, with a
borrower’s option to increase the aggregate commitments with up
to an additional $250 million upon satisfaction of certain
conditions.  The ABL Facility also provided for a borrowing base
calculated through designated percentages of eligible accounts
receivable, eligible progress billings, eligible insurance
receivables, eligible rental equipment, and eligible real estate of
the respective borrowers and, as applicable, the Canadian
Guarantor, less, in each case, customary reserves.

The U.S. Borrowers' obligations are secured by a first priority
security interest in substantially all of the assets of the U.S.
Borrowers and their U.S. Subsidiaries, subject to certain customary
exceptions and limitations.  The Canadian Borrower's obligations
under the ABL Credit Agreement are secured by a first priority
security interest in substantially all of the assets of the
Canadian Borrower, subject also to certain customary exceptions and
limitations.

The ABL Facility matured on June 6, 2016.  Since that date, the
Debtors and the ABL Lenders have been operating under a series of
forbearance agreements.  The current forbearance agreement expired
on December 19, 2016.

ModSpace Corp. issued $375 million aggregate principal amount of
senior secured second lien notes on February 25, 2014.  Under the
terms of the governing indenture, the Issuer is required to pay
fixed-rate interest at a rate of 10.24% semi-annually on January 31
and July 31 of each year.  The Secured Notes mature on January 31,
2019.

The Secured Notes are secured by a second priority security
interest in substantially all of the assets of the Issuer and each
of the Issuer's U.S. subsidiaries. The Pre-Petition Second Liens
are subordinated in each instance to any security interests of the
ABL Lenders in such assets pursuant to an intercreditor agreement.

As of the Petition Date, ModSpace Corp. had approximately $410.4
million oustanding in principal and accrued interest under the
Secured Notes.

The material terms, among others, of the DIP Facilities are:

     (1) Limitation on the Use of Proceeds:

          (i) to pay the Pre-Petition Obligations to the extent
authorized by the Court and/or the Canadian Court;

         (ii) to pay expenses described in the DIP Budget and with
the Administrative Agent's written consent after the occurrence of
an Event of Default, to fund the costs of an orderly liquidation of
the Collateral;

        (iii) to make Adequate Protection Payments, but only to the
extent authorized by the Court;

         (iv) to pay fees required to be paid to the office of the
U.S. Trustee;
  
          (v) to pay Professional Fees of Professional Persons
subject to any limitations in the DIP Orders, allowance by the
Court or the Canadian Court and
Obligorso[[o[p[op[oooopppppppppppppppppp;;;;;;;;;;;;;;;;;;;;p;;;;;;;;;;;;;;lllll;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;lllllllllllllllllllllllllllllllkkkkkkkkkjkl;
;



































































]]]].//////////////////,












]’ receipt of an itemized billing and expense statement from such
Professional Person;

         (vi) to pay any of the Obligations;

        (vii) to pay property taxes with respect to any Collateral
to the extent nonpayment thereof is secured by a Lien senior to the
Administrative Agent’s Liens thereon;
  
          (viii) to pay expenses incurred by the Administrative
Agent in connection with the negotiation and documentation of, or
due diligence conducted in connection with, any proposed financing
to be provided by the Administrative Agent or DIP Lenders in
connection with the consummation of the Plan of Reorganization;
and

          (ix) to pay other expenses authorized by the Court in
orders entered in the Chapter 11 Cases that are acceptable to
Administrative Agent and Required Lenders.

     (2) U.S. Revolving ABL DIP Facility: At any date after entry
of Interim Order, an amount equal to the lesser of the then
effective commitments under the U.S. Revolving DIP Facility and
the U.S. Borrowing Base on such date.  Initial Borrowings and other
extensions of credit may be obtained by U.S. Borrowers on a
revolving basis as of the Closing Date and during the Interim
Period in an aggregate amount not in excess of $55,000,000 at any
time outstanding.

     (3) Canadian Revolving ABL DIP Facility: At any date after
entry of Interim Order, an amount equal to the lesser of the then
effective commitments under the Canadian Revolving DIP Facility and
the Canadian Borrowing Base on such date.  Initial Borrowings and
other extensions of credit may be obtained by Canadian Borrower on
a revolving basis as of the Closing Date and during the Interim
Period in an aggregate amount not in excess of $6,000,000 at any
time outstanding.

     (4) Maturity and Termination Date: The earliest of the
following to occur are the potential termination events and dates:

          (i) February 28, 2017, unless extended in writing;

          (ii) 45 days following the entry of the Interim Order if
the Final Order has not been entered on or before such date;

          (iii) the date of termination of the DIP Facilities, or
the Commitments, the effective date of the Plan of Reorganization
or a confirmed plan of reorganization or liquidation for any
Borrower;

          (iv) the closing date on which all or substantially all
of the Collateral or the equity interests of any Obligor are sold
in one or more 363 sales or otherwise disposed of;

          (v) the date on which any Agent is granted relief from
the automatic stay or the stay granted in the Canadian Recognition
Proceedings;

         (vi) the acceleration of the DIP Loans or termination of
the Commitments, including as a result of the occurrence of an
Event of Default;

        (vii) the date on which any of the Chapter 11 Cases or the
Canadian Orders or the Canadian recognition proceedings are
dismissed or converted by the respective courts;

       (viii) the date on which Full Payment has been made of all
of the Obligations and the Pre-Petition Obligations; and

         (ix) the date the Agreement is otherwise terminated for
any reason whatsoever pursuant to the terms of the Agreement.

     (5) Collateral and Priority: Each Borrower's and Guarantor's
real and immovable and personal and movable property, all personal
property pledged to the Administrative Agent by Intermediate
Holdings and Holdings pursuant to the Pledge Agreement to which
Intermediate Holdings and Holdings are parties and all other assets
of any Person from time to time subject to the Administrative
Agent's Liens securing payment or performance of the U.S.
Obligations or the Canadian Obligations, or both, as applicable,
which have the senior status afforded by Sections 364(c), 364(d)
and 503(b) of the Bankruptcy Code.

     (6) Superpriority Administrative Expense Claim: The
obligations of the Debtors under the DIP Credit Agreement are joint
and several and constitute superpriority administrative claims.
Except as set forth in the DIP Orders or the Canadian Orders, the
Court or the Canadian Court enters any order in any of the Chapter
11 Cases or the Canadian Recognition Proceedings granting to any
Person no other claim having a priority either superior to or Lien
pari passu with that granted to Agents under the DIP Orders.

The Debtors tell the Court that without access to a ready source of
post-petition financing, they would be unable to pay for necessary
ongoing expenses or critical business functions.  The Debtors
further tell the Court that if they are unable to pay the expenses
necessary to continue their business, they will be unable to
generate revenue and the Debtors’ estates will be significantly
diminished.  The Debtors add that given the significant swings in
expenses and revenues common in the Debtors’ industry, the
Debtors assert that ensuring that financing is available to pay for
unavoidable outlays is critical for preserving the value of the
Debtors’ business and their ability to generate revenue.

A full-text copy of the Debtors' Motion, dated Dec. 21, 2016, are
available at
http://bankrupt.com/misc/ModularSpace2016_1612825_14.pdf

Modular Space Holdings, Inc. and its affiliated debtors are
represented by:

          James L. Bromley, Esq.
          Jane VanLare, Esq.
          Kara A. Hailey, Esq.
          CLEARY GOTTLIEB STEEN & HAMILTON LLP
          One Liberty Plaza
          New York, NY 10006
          Telephone: (212) 225-2000

                - and -

          Pauline K. Morgan, Esq.
          Joel A. Waite, Esq.
          Ian J. Bambrick, Esq.
          YOUNG CONAWAY STARGATT & TAYLOR, LLP
          Rodney Square
          1000 North King Street
          Wilmington, DE 19801
          Telephone: (302) 571-6600

              About Modular Space Holdings

Modular Space Holdings, Inc., et al., filed chapter 11 petitions
(Bankr. D. Del. Lead Case No. 16-12825) on December 21, 2016.  The
Debtors are represented by James L. Bromley, Esq., Jane VanLare,
Esq., and Kara A. Hailey, Esq., at Cleary Gottlieb Steen & Hamilton
LLP, and Ian J. Bambrick, Esq. at Young Conaway Stargatt & Taylor,
LLP.

The Debtors have requested that the Chapter 11 Cases be jointly
administered for procedural purposes only.  The Debtors continue to
operate their businesses and manage their properties as debtors and
debtors in possession pursuant to Sections 1107(a) and 1108 of the
Bankruptcy Code.  To date, no creditors’ committee has been
appointed in these Chapter 11 Cases by the Office of the United
States Trustee for Region 3. No trustee or examiner has been
appointed in the Debtors’ Chapter 11 Cases.

The Debtors are the largest U.S.-owned provider of temporary and
permanent modular buildings, and are among the largest suppliers in
the U.S. and Canada of temporary modular space and permanent
modular construction.  The Debtors provide a full range of building
products, including office trailers, classrooms, portable storage
units, and other modular units and construction projects, and work
with clients across many industries, including commercial,
construction, education, government, healthcare, industrial,
energy, franchise and retail, and sports and entertainment.

Modular Space Corporation, or MSC, is the main operating company
within the Debtors' corporate structure.  Debtor ModSpace Financial
Services Canada, Ltd., or MFSC, is the operating entity for the
Debtors' business in Canada.  MFSC is a wholly-owned subsidiary of
MSC and all material decisions regarding MFSC and its operations
are made by MSC personnel in the United States.  As a result, the
center of main interests for MFSC is located in the United States.
The Debtors anticipate commencing an ancillary proceeding under
Part IV of the Companies' Creditor Arrangement Act (Canada) in
Toronto, Ontario, Canada before the Ontario Supreme Court of
Justice (Commercial List).


MT YOHAI LLC: Case Summary & 3 Unsecured Creditors
--------------------------------------------------
Debtor: Mt Yohai, LLC, a Delaware Limited Liability Company
        3991 MacArthur Blvd., Suite 125
        Newport Beach, CA 92660

Case No.: 16-15157

Chapter 11 Petition Date: December 21, 2016

Court: United States Bankruptcy Court
       Central District of California (Santa Ana)

Judge: Hon. Catherine E. Bauer

Debtor's Counsel: Marc C Forsythe, Esq.
                  GOE & FORSYTHE, LLP
                  18101 Von Karman Avenue Ste 1200
                  Irvine, CA 92612
                  Tel: 949-798-2460
                  Fax: 949-955-9437
                  E-mail: kmurphy@goeforlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Jeffrey Yohai, managing member.

A copy of the Debtor's list of three unsecured creditors is
available for free at http://bankrupt.com/misc/cacb16-15157.pdf


NAVISTAR INTERNATIONAL: Incurs $97 Million Net Loss in Fiscal 2016
------------------------------------------------------------------
Navistar International Corporation filed with the Securities and
Exchange Commission its annual report on Form 10-K disclosing a net
loss attributable to the Company of $97 million on $8.11 billion of
net sales and revenues for the year ended Oct. 31, 2016, compared
to a net loss attributable to the Company of $184 million on $10.14
billion of net sales and revenues for the year ended Oct. 31,
2015.

For the quarter ended Oct. 31, 2016, Navistar reported a net loss
attributable to the Company of $34 million on $2.06 billion of net
sales and revenues compared to a net loss attributable to the
Company of $50 million on $2.48 billion of net sales and revenues
for the quarter ended Oct. 31, 2015.

As of Oct. 31, 2016, Navistar had $5.65 billion in total assets,
$10.94 billion in total liabilities and a total stockholders'
deficit of $5.29 billion.

"In the fourth quarter and throughout the full year, we've
demonstrated our ability to lower our break-even point and improve
our operations," said Troy A. Clarke, Navistar president and chief
executive officer.  "We recorded our fourth consecutive year of
adjusted EBITDA improvement and significantly improved our adjusted
EBITDA margin year on year, despite a substantial decline in
revenues primarily due to the challenging conditions in the Class 8
market."

"We continued to invest and launch new products in 2016 and had our
third consecutive year of record Parts profits," Clarke said. "We
also saw solid truck and bus order share performance, which
positions us for higher retail market share in the future.  As for
our pending alliance with Volkswagen Truck & Bus, we are excited by
the opportunities it will provide."

Navistar provided an update on its pending strategic alliance,
confirming that all appropriate regulatory filings have been made,
and that it has already received antitrust approvals in the United
States and Poland.  In addition, other regulatory approvals are
pending, and other agreements between the parties that constitute
closing conditions remain on track, including final terms for the
procurement joint venture and the companies' first powertrain
collaboration, the details of which will be announced soon after
the closure of the alliance.  The Company expects the transaction
to close in the first quarter of calendar year 2017.

"Although we expect tough industry conditions to continue through
the first half of 2017, we see further opportunities to continue to
reduce our break-even point, including leveraging some early cost
synergies from the Volkswagen Truck & Bus alliance," Clarke said.
"The alliance announcement has been positively received by our
customers, which when combined with our ongoing cadence of new
product offerings, confirms our confidence in our improving
standing in the market."

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

                     https://is.gd/GCmfRL
   
                  About Navistar International

Navistar International Corporation (NYSE: NAV) --
http://www.navistar.com/-- is a holding company whose             

subsidiaries and affiliates subsidiaries produce International(R)
brand commercial and military trucks, MaxxForce(R) brand diesel
engines, IC Bus(TM) brand school and commercial buses, Monaco RV
brands of recreational vehicles, and Workhorse(R) brand chassis
for motor homes and step vans.  It also is a private-label
designer and manufacturer of diesel engines for the pickup truck,
van and SUV markets.  The Company also provides truck and diesel
engine parts and service.  Another affiliate offers financing
services.

                          *     *     *

In the July 22, 2015, edition of the TCR, Moody's Investors Service
affirmed Navistar's Corporate Family Rating at 'B3' and assigned a
'Ba3' rating to Navistar, Inc.'s new $1.04 billion senior secured
term loan due 2020.

Navistar carries a 'CCC' Issuer Default Ratings from Fitch
Ratings.

As reported by the TCR on Sept. 13, 2016, S&P Global Ratings placed
its ratings, including the 'CCC+' corporate credit ratings, on
Navistar on CreditWatch with positive implications.


NEOVASC INC: Closes Acquisition Agreement with Boston Scientific
----------------------------------------------------------------
Neovasc completed its previously announced transaction with Boston
Scientific Corporation whereby Boston Scientific acquired Neovasc's
advanced biologic tissue capabilities and certain manufacturing
assets for US$67,909,800.  Concurrently, Neovasc has completed its
previously announced private placement whereby Boston Scientific
has purchased 11,817,000 common shares in the capital of Neovasc at
a purchase price of US$0.60 per Common Share for gross proceeds of
US$7,090,200.

Under the terms of the asset purchase agreement Neovasc has been
granted a license to the purchased assets and access to the sold
facilities to allow it to continue its tissue and valve assembly
activities for its remaining customers, and continue its own
tissue-related programs, including advancing its mitral
bioprosthesis valve Tiara through its clinical and regulatory
pathways.
    
Under the terms of the equity investment, Boston Scientific has
acquired 11,817,000 Common Shares at a price of US$0.60 per Common
Share, for gross proceeds of US$7,090,200.
     
Neovasc intends to use the proceeds of these transactions to post a
partial bond in connection with a stay of judgement pending appeal
in the ongoing litigation against CardiAQ and for general corporate
purposes.  Neovasc currently has 78,683,345 shares outstanding.
                        
                     Court Denies Motion for TRO
       
On Dec. 12, 2016, the Court held a hearing in connection with the
Company's ongoing litigation against CardiAQ.  Ruling from the
bench, the Court denied CardiAQ's motion for a temporary
restraining order to prevent the transaction between Neovasc and
Boston Scientific Corporation from closing.  The Court also
indicated a willingness to stay enforcement of the judgment against
Neovasc pending appeal (the judgment is currently temporarily
stayed), subject to Neovasc posting a partial bond in the amount of
US$70 million, as well as other terms and conditions to be
determined.  Those terms and conditions generally relate to
CardiAQ's ability to register its U.S. judgment in Canada, and
requirements for Neovasc to inform CardiAQ and the Court about
certain potential future transactions outside the ordinary course
of business.  The Court directed the parties to work to agree to
such terms and conditions, which would then be subject to Court
approval.
    
                       About Neovasc Inc.

Neovasc Inc. (CVE:NVC) -- http://www.neovasc.com/-- is a Canadian
specialty medical device company that develops, manufactures and
markets products for the rapidly growing cardiovascular
marketplace.  Its products in development include the Tiara, for
the transcatheter treatment of mitral valve disease and the Neovasc
Reducer for the treatment of refractory angina.  The Company also
sells a line of advanced biological tissue products that are used
as key components in third-party medical products including
transcatheter heart valves.

Neovasc reported a net loss of US$26.73 million for the year ended
Dec. 31, 2015, compared to a net loss of US$17.17 million for the
year ended Dec. 31, 2014.

As of Sept. 30, 2016, Neovasc had US$33.83 million in total assets,
US$93.45 million in total liabilities and a total deficit of
US$59.61 million.


OPTIMA SPECIALTY: Jan. 4 Meeting Set to Form Creditors' Panel
-------------------------------------------------------------
Andy Vara, Acting United States Trustee for Region 3, will hold an
organizational meeting on Jan. 4, 2016, at 10:00 a.m. in the
bankruptcy case of Optima Specialty Steel, Inc.

The meeting will be held at:

               The Delaware Bar Association
               405 N. King St.
               Wilmington, DE 19801

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' case.

The organizational meeting is not the meeting of creditors pursuant
to Section 341 of the Bankruptcy Code.  A representative of the
Debtor, however, may attend the Organizational Meeting, and provide
background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States Trustee
appoint a committee of unsecured creditors as soon as practicable.
The Committee ordinarily consists of the persons, willing to serve,
that hold the seven largest unsecured claims against the debtor of
the kinds represented on the committee.

Section 1103 of the Bankruptcy Code provides that the Committee may
consult with the debtor, investigate the debtor and its business
operations and participate in the formulation of a plan of
reorganization.  The Committee may also perform other services as
are in the interests of the unsecured creditors whom it
represents.

                   About Optima Specialty Steel

Optima Specialty Steel, Inc. and its affiliates are leading
independent manufacturers of specialty steel products.  All of the
Debtors' manufacturing facilities are located in the United States,
and each of the Debtors' operating units have operated in the steel
industry for more than 50 years.  The Debtors collectively employ
more than 900 people.

Optima Specialty Steel, Inc. and its affiliates filed separate
Chapter 11 bankruptcy petitions on December 15, 2016: Optima
Specialty Steel, Inc. (Bankr. D. Del. 16-12789); Niagara LaSalle
Corporation (Bankr. D. Del. 16-12790); The Corey Steel Company
(Bankr. D. Del. 16-12791); KES Acquisition Company (Bankr. D. Del.
16-12792); and Michigan Seamless Tube LLC (Bankr. D. Del.
16-12793).  The petitions were signed by Mordechai Korf, chief
executive officer.  At the time of filing, the Debtor had assets
and liabilities estimated at $100 million to $500 million each.

The Debtor is represented by Dennis A. Meloro, Esq., Greenberg
Traurig, LLP, Wilmington, DE.  The Debtors' retain Ernst & Young
LLP as their Accountant.

No request has been made for the appointment of a trustee or
examiner and the U.S. Trustee has not yet appointed an official
committee of unsecured creditors.


PANAGES INVESTMENTS: Disclosure Statement Get Final Court Okay
--------------------------------------------------------------
The Hon. Bruce T. Beesley of the U.S. Bankruptcy Court for the
District of Nevada has granted final approval to Panages
Investments, LLC's disclosure statement referring to the Debtor's
Chapter 11 plan of reorganization.

Headquartered in Sparks, Nevada, Panages Investments, LLC, filed
for Chapter 11 bankruptcy protection (Bankr. D. Nev. Case No.
14-51823) on Oct. 30, 2014, listing $1.11 million in total assets
and $397,430 in total liabilities.  The petition was signed by
Catherine Langdahl, manager.

Judge Bruce T. Beesley presides over the case.

Kevin A. Darby, Esq., at Darby Law Practice, Ltd., serves as the
Debtor's bankruptcy counsel.


PFO GLOBAL: Appoints Interim Principal Financial Officer
--------------------------------------------------------
Mahesh Shetty submitted notice of his resignation as chief
financial officer of PFO Global, Inc., effective as of the close of
business on Dec. 7, 2016.  Mr. Shetty's resignation is not the
result of any material disagreement with the Company regarding its
operations, policies or practices.  Mr. Shetty will continue to
serve the Company as a consultant to the Company's board of
directors and chief executive officer, as disclosed in a Form 8-K
report filed with the Securities and Exchange Commission.

In connection with Mr. Shetty's resignation, on Dec. 7, 2016, the
Company appointed Matt Cevasco to serve as the Company's interim
principal financial officer effective Dec. 7, 2016.  Mr. Cevasco,
the Company's president and chief executive officer, will assume
the duties of principal financial officer, until such time as the
Company appoints a permanent replacement chief financial officer.

Mr. Cevasco, 53, has served as the Company's chief executive
officer since Feb. 29, 2016.  Prior to joining the Company, Mr.
Cevasco served as the president and general manager of Luneau
Technology, an international manufacturer of ophthalmic diagnostic
instruments and lens finishing equipment, from September 2010 until
July 2015.  At Luneau, Mr. Cevasco provided change leadership in
order to propel growth and delivered significant results in sales
growth and expense control.  Prior to joining Luneau, Mr. Cevasco
served as the vice president of Sales and Marketing at Gateway
Energy Service Corporation, an early-stage energy service company,
from 2007 to 2009, where he restructured and led operations for all
front-end functions, including commercial and residential sales,
telemarketing, sales support, and marketing.  Prior to joining
Gateway, Mr. Cevasco served in several roles at Carl Zeiss Vision,
a global manufacturer of eyeglass lenses and treatments, from 1995
to 2007, including Vice President of Sales, Retail Channel; Vice
President of Sales, Wholesale & Eye Care Professional Channel;
Director of Sales, Eastern Region; and sales manager, New York
Territory.  Mr. Cevasco holds a B.S. in Management from Long Island
University and is a New York State Licensed Ophthalmic Dispenser.

                       About PFO Global

PFO Global, Inc., is an innovative manufacturer and commercial
provider of advanced prescription lenses, finished eyewear and
vision technologies targeted towards the global optometrists'
marketplace.  The Company's uniquely interactive manufacturing,
fulfillment and proprietary online ordering systems combine with
its eyewear lens product lines, are intended to meet the needs of a
broad array of eyewear markets, from the offices of independent eye
care professional to U.S. healthcare entitlement programs, such as
Medicaid and Medicare.

PFO Global reported a net loss of $15.66 million in 2015 following
a net loss of $8.45 million in 2014.

As of Sept. 30, 2016, PFO Global had $1.75 million in total assets,
$30.96 million in total liabilities and a total stockholders'
deficit of $29.21 million.

"As of September 30, 2016, the Company had cash of $130,413.  As
reflected in the accompanying condensed consolidated financial
statements, the Company had a net loss of $4,735,782 and net cash
and cash equivalents used in operations of approximately $3.01
million for the nine month period ended September 30, 2016.  The
Company has a working capital deficit of approximately $23 million
and stockholders' deficit of approximately $29 million as of
September 30, 2016.  These factors raise substantial doubt about
the Company's ability to continue as a going concern," the Company
stated in its quarterly report for the period ended Sept. 30, 2016.


PHARMACYTE BIOTECH: Chardan Capital to Act as Sales Agent
---------------------------------------------------------
PharmaCyte Biotech, Inc., entered into an amendment to its
previously disclosed financial advisory, offering and at the market
offering engagement agreement with Chardan Capital Markets, LLC
pursuant to which the Company and Chardan have provided for the
extension of Chardan's engagement to use its reasonable best
efforts to act as the Company's sales agent in connection with the
sale of the Company's common stock, $.0001 par value per share in
"at the market" or privately negotiated transactions of up to
$50,000,000, depending upon market conditions and at the discretion
of the Company.  

The Chardan Amendment also provides for the termination of the
Engagement Agreement for any reason, with or without cause, upon
five days written notice by either party and that Chardan will be
entitled to collect transaction fees with respect to any Common
Stock or other securities offered by the Company sold to any
parties introduced to the Company by Chardan within nine months
following the expiration or termination of the Engagement
Agreement.

                  About PharmaCyte Biotech

PharmaCyte Biotech, Inc., formerly known as Nuvilex Inc, is
dedicated to bringing to market scientifically derived products
designed to improve the health, condition and well-being of those
who use them.  The Company is a clinical stage biotechnology
company focused on developing and preparing to commercialize
treatments for cancer and diabetes based upon a proprietary
cellulose-based live-cell encapsulation technology known as
Cell-in-a-Box.  The Company intends to use this unique and patented
technology as a platform upon which to build treatments for several
types of cancer, including advanced, inoperable pancreatic cancer,
and diabetes.

Pharmacyte reported a net loss of $6.06 million on $0 of revenue
for the year ended April 30, 2016, compared to a net loss of $9.92
million on $0 of revenue for the year ended April 30, 2015.

As of Oct. 31, 2016, Pharmacyte had $6.73 million in total assets,
$448,990 in total liabilities and $6.28 million in total
stockholder's equity.


PHILLIP MYERS: $700K Sale of Interest in Myers Engineering Okayed
-----------------------------------------------------------------
Judge Meredith A. Jury of the U.S. Bankruptcy Court for the Central
District of California authorized Phillip Carver Myer's sale of
stock interest, if any, in C.K. 'Bud' Myers Engineering, Inc., for
$700,000 in cash, mutual releases, a waiver of $500,000 in claims
asserted by Myers Engineering against the Estate and a waiver of
claims asserted by the Debtor against Myers Engineering and his
daughter.

The Debtor pursued a sale following a compromise with Myers
Engineering, Myers Mixers LLC, Gary Myers, Bruce Myers, Cary Buller
pursuant to Rule 9019 of the Federal Rules of Bankruptcy Procedure
("Agreement").

A hearing on the Motion was held on Nov. 30, 2016 at 1:30 p.m.

The sale of the Estate's Stock Interests "as is, where is," without
any warranties of any kind, expressed or implied, outside the
ordinary course of business is authorized.

The sale of the Estate's Stock Interest is sold free and clear of
all liens, claims, and interests.

The proposed overbid procedures are approved.

The Oppositions are overruled.

The Debtor is authorized to dismiss the Sadis Complaint.

As the Defendants are the Successful Bidder, Verano & Verano APLC,
will release the Purchase Funds to Debtor's debtor-in-possession
bank account 15 days after within 1 day of the entry of the Order
to Red Hill Law Group's IOLTA Client Trust Account for the
Bankruptcy Estate of Phillip Carver Myers at U.S. Bank, N.A.,
Account Number 157509799548; Routing Number 122235821.

Phillip Carver Myers sought Chapter 11 protection (Bankr. C.D.
Cal.
Case No. 14-21429) on Sept. 10, 2014.


PNCH ASSOCIATES: Disclosures Okayed, Plan Hearing on Jan. 12
------------------------------------------------------------
The U.S. Bankruptcy Court for the District of New Jersey will
consider approval of the Chapter 11 plan of reorganization of PNCH
Associates, LLC at a hearing on Jan. 12.

The hearing will be held at 10:00 a.m., at the U.S. Bankruptcy
Court, Courtroom 4B, 401 Market Street, Camden, New Jersey.

The court will also consider at the hearing the final approval of
the company's disclosure statement, which it conditionally approved
on Dec. 13.

The order set a Jan. 5 deadline for creditors to cast their votes
and file their objections.

                      About PNCH Associates

PNCH Associates, LLC, commenced a Chapter 11 bankruptcy case
(Bankr. D.N.J. Case No. 16-21540) on June 14, 2016.  Ciardi Ciardi
& Astin, P.C., serves as counsel to the Debtor.


POSIBA INC: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Posiba, Inc., a Delaware corporation
        550 West B Street, Suite 400
        San Diego, CA 92101

Case No.: 16-07714

Type of Business: Provides Web-based data and analytics services
                  for foundations and nonprofit organizations

Chapter 11 Petition Date: December 22, 2016

Court: United States Bankruptcy Court
       Southern District of California (San Diego)

Judge: Hon. Margaret M. Mann

Debtor's Counsel: John L. Smaha, Esq.
                  SMAHA LAW GROUP
                  2398 San Diego Avenue
                  San Diego, CA 92110
                  Tel: (619) 688-1557
                  Fax: (619) 688-1558
                  E-mail: jsmaha@smaha.com

Estimated Assets: $10 million to $50 million

Estimated Debts: $1 million to $10 million

The petition was signed by Elizabeth Dreicer, CEO.

Debtor's List of 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
ALX Ventures                                             $28,097

Amazon Web Services, Inc.                                $26,672

Baker & McKenzie                                         $25,553

Best Brands Consulting, Inc.                             $18,000

Cedar Media, Inc.                                       $132,394

Chief Outsiders                                          $61,600

Dana DiFerdinando                                        $49,396

Elmira Khudieva                                          $15,363

Employment Development Dept.                             $92,000

Haw-minn Lu                                              $14,983

JoAnna Caywood                                           $18,325

John Evey                                               $185,030

Mark Khouzam                                             $17,091

Misha Erekhinsky                                         $20,457

Morrison Foerster                                       $275,000
P.O. Box 742335
Los Angeles, CA
90074

Rational Ventures, Inc.                                 $191,584

Robert Hinman                                            $16,738

Treasury IRS                                            $380,000
880 Front Street
San Diego, CA
92101

Vivoli Saccuzzo                                          $18,259

Welborn Family Trust                                    $933,491
524 Meadowmist Court
Olivenhein, CA
92024


PURADYN FILTER: Kellogg Brown Begins Use of Filtration Systems
--------------------------------------------------------------
Puradyn Filter Technologies Incorporated announced it has recently
shipped an order of puraDYN bypass oil filtration systems totaling
approximately $50,000 to Kuwait City to Kellogg Brown & Root
Services, Inc., a global engineering, procurement, and construction
company based in the United States.  The initial order placed by
this customer follows a rigorous qualification process that
included extensive testing in harsh desert environments on material
handling equipment and generator sets.

James Ray, a KBR Regional Contract Manager, said, "Our focus is
maintaining equipment for our customers and keeping their equipment
in top running condition.  The equipment we take care of operates
in extremely harsh environments, and we constantly look for ways
beyond traditional maintenance practices to better-protect our
client's equipment.  Over the years, engine oil bypass filtration
has become a more acceptable practice for these harsh environments.
We were aware of Puradyn and, based on its reputation, chose the
Puradyn bypass oil filtration system, and after about a year or so
of testing, were impressed with its performance and ability in
keeping engine oil in "like new" condition.  Our company is gearing
up to service generator sets and material handling equipment in a
number of foreign countries and we expect to install the Puradyn
product on any appropriate equipment.  If Puradyn can perform under
these extreme desert conditions, it can perform anywhere."

Puradyn systems remove solid contaminants from engine oil down to
less than one micron while also replacing base additives to
maintain oil performance.  KBR is currently using Puradyn's latest
filtration offering, the Millennium Technology System (MTS) with
its patented Polydry technology for liquid contaminant and water
removal from engine oil.  Model sizes range from the small MTS-8 to
mid-sized MTS-40 systems.

Puradyn President and Chief Operating Officer, Kevin G. Kroger,
said, "Puradyn systems time and again demonstrate superior
performance and reliability in tough environments.  This initial
order is further evidence that Puradyn continues to expand our base
of global customers, and we are proud to be associated with such an
outstanding company.  The Kuwait City location operates its own oil
analysis and lab facility and, based on the successful results
achieved here, should provide KBR the information needed to expand
use of the Puradyn system to other locations established in the
Middle East.

"In many instances, cost reductions in new oil purchase alone
represent significant, direct savings, but the indirect savings are
also compelling to any company looking to streamline equipment
downtime, storage and hauling of oil to remote locations, and
reduced component repairs.  By removing contaminant and maintaining
continuously clean oil, end users see a notable reduction in engine
and equipment repair costs."

Kroger concluded, "We look forward to a long and beneficial
relationship with KBR."

                      About Puradyn Filter

Boynton Beach, Fla.-based Puradyn Filter Technologies Incorporated
(OTC BB: PFTI) designs, manufactures and markets the puraDYN's Oil
Filtration System.

Puradyn reported a net loss of $1.44 million on $1.97 million of
net sales for the year ended Dec. 31, 2015, compared to a net loss
of $1.15 million on $3.11 million of net sales for the year ended
Dec. 31, 2014.

As of Sept. 30, 2016, Puradyn Filter had $1.57 million in total
assets, $15.10 million in total liabilities and a total
stockholders' deficit of $13.52 million.

Liggett & Webb, P.A., in Boynton Beach, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has
experienced net losses since inception and negative cash flows from
operations and has relied on loans from related parties to fund its
operations.  These factors raise substantial doubt about the
Company's ability to continue as a going concern, the auditors
said.


QUICK CHANGE: Files Revised Disclosure Statement
------------------------------------------------
Quick Change Artist, LLC, filed with the U.S. Bankruptcy Court for
the Southern District of Florida its latest disclosure statement,
which explains the company's proposed Chapter 11 plan of
reorganization.

Under the restructuring plan, Class 1 secured claim of Gulf Coast
Bank and Trust Co. will be treated as partially secured.  The
creditor's allowed claim is $190,000.  Any stripped portion of it
will be treated as an allowed general unsecured claim.

On the effective date of the plan, Gulf Coast will be immediately
entitled to turnover of its collateral and the proceeds of the sale
of the collateral except as otherwise provided in the plan, without
need for further court order.

Quick Change Artist has agreed to cooperate with Gulf Coast in
disposing of the collateral.  Gulf Coast will allow payment of
priority claims from the proceeds of the collateral.

Quick Change Artist has been making monthly "adequate protection"
payments of $1,145 since Nov. 15. 2015, and will continue to pay to
Gulf Coast through confirmation of the plan.  All payments will be
applied per the loan documents at the creditor's discretion,
according to the latest disclosure statement filed on Dec. 13.

A copy of the third amended disclosure statement is available for
free at https://is.gd/65nQMw

                    About Quick Change Artist

Quick Change Artist, LLC, based in Lake Park, Florida, filed a
Chapter 11 petition (Bankr. S.D. Fla. Case No. 15-25377) on August
26, 2015.  Hon. Paul G. Hyman, Jr. presides over the case.  In its
petition, the Debtor estimated $100,000 to $500,000 in assets and
$1 million to $10 million in liabilities.  The petition was signed
by Dominique Barteet, president.


QUINN'S JUNCTION: Disclosure Statement Approved
-----------------------------------------------
Judge Joel T. Marker of the U.S. Bankruptcy Court for the District
of Utah issued an order approving the disclosure statement with
respect to the chapter 11 plan of reorganization filed by Quinn's
Junction Properties, LC.

The plan proposes to pay in full General Unsecured Claims and also
the Disputed QCap Unsecured Claim, plus interest at the Plan Rate,
in instalments after payment, satisfaction, or resolution of the
Disputed QCap Secured Claim through quarterly payments of principal
and interest (with interest at the Plan Rate) over 5 years (i.e.,
20 quarters), based on a level amortization of these Claims.

Under the Plan, if QCap votes all of its Claims in favor of the
Plan, and makes an election under
Section 4.5(e) of the Plan, then in addition to the payments on
QCap's alleged secured claims, on the Initial Payment Date the
Debtor will make an additional $4,000,000 lump sum payment in full
and final satisfaction of all of QCap's claims against the Debtor

The Plan contemplates that in order to fund the payments to
creditors, and also to secure the Debtor's working capital needs
and tenant improvements, the Debtor will obtain two separate loans
from QFund, a group of investors who will assist the Debtor to fund
the Plan. The first priority QFund Trust Deed shall be extended for
the purpose of funding the payments due to creditors under this
Plan. The second priority QFund Trust Deed shall be a revolving
line of credit loan, in the maximum principal amount of $3,000,000,
for the purpose of funding tenant improvements and the Reorganized
Debtor's working capital needs.

A full-text copy of the Disclosure Statement is available at:

       http://bankrupt.com/misc/utb16-24458-210.pdf  

For voting purposes and mailing of notices, Dec 1, 2016 shall be
the Record Holder Date for the holders of Claims  and Equity
Interests.

            About Quinn's Junction Properties

Quinn's Junction Properties, LC, filed a chapter 11 petition
(Bankr. D. Utah Case No. 16-24458) on May 23, 2016.  The
petition
was signed by Michael Martin, chief restructuring officer. 

George B. Hofmann, Esq., at Cohne Kinghorn PC, serves as the
Debtor's general bankruptcy counsel.  Stanley J. Preston, Esq.,
at
Preston & Scott, LLC, serves as its special litigation counsel. 
The case is assigned to Judge Joel T. Marker.

The Debtor estimated both assets and liabilities in the range of
$10 million to $50 million.



REBUS CORP: Unsecureds To Recover 1.5% Under Plan
-------------------------------------------------
Rebus Corp. filed with the U.S. Bankruptcy Court for the District
of Puerto Rico an amended disclosure statement dated June 30,
2016.

Holders of Class 4 General Unsecured Claims include those listed by
the Debtor and those who have filed proof of claims.  General
unsecured creditors listed by Debtor and filed proof of claims
total the amount of $2,348,314.02.  The total unsecured claims
subject to distribution is $1,401,872.67.

Class 4 claimants will receive from the Debtor a non-negotiable,
interest bearing at 3.5% annually, promissory note dated as of the
Effective Date.  Creditors in this class will receive a total
repayment of 1.5% of their claimed or listed debt which equals
$22,000, to be paid pro rata to all allowed claimants under this
class.  Unsecured Creditors will receive yearly of $5,170 ncluding
interests to be distributed pro rata among them, for the term of 5
years.  The first payment will be made 8 months after the
confirmation of this Plan.  This class is impaired.

The Disclosure Statement is available at:

            http://bankrupt.com/misc/prb16-02891-56.pdf

The Plan was filed by the Debtor's counsel:

     Homel A. Mercado Justiniano, Esq.
     Calle Ramirez Silva No. 8
     Ensanche Martínez
     Mayagüez, PR 00680
     Tel: (787) 831-3577
     Fax: (787) 805-7350
     E-mail: hmjlaw2@gmail.com

                        About Rebus Corp.

Rebus Corp. sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D.P.R. Case No. 16-02891) on April 13, 2016.  The
petition was signed by Pedro Martinez, president.  

The case is assigned to Judge Brian K. Tester.

At the time of the filing, the Debtor estimated its assets at
$500,000 to $1 million and debts at $1 million to $10 million.


REDEEMED CHRISTIAN: Jan. 26 Plan Disclosures Hearing
----------------------------------------------------
The Hon. Brenda T. Rhoades of the U.S. Bankruptcy Court for the
Eastern District of Texas conditionally approved the disclosure
statement and accompanying chapter 11 plan of reorganization filed
by The Redeemed Christian Church of God Eagle Believers Chapel on
Dec. 15, 2016.

Jan. 24, 2017 is fixed as the last day for filing written
acceptances or rejections of the Debtor's proposed Chapter 11 plan
which must be received by 5:00 p.m. (CDT) on that date at the
offices of Eric A. Liepens, 12770 Coit Road, Suite 1100, Dallas TX
75251.

Jan. 20, 2017 is fixed as the last day for filing and serving
written objections to final approval of the Debtor's disclosure
statement or confirmation of the Debtor's proposed Chapter 11 plan.


The hearing to consider final approval of the Debtor's disclosure
statement and to consider the confirmation of the Debtor's proposed
Chapter 11 Plan is fixed and will be held on Jan. 26, 2017 at 9:30
a.m. in the Plano Bankruptcy Courtroom, 660 N. Central Expressway,
Third Floor, Plano, Texas 75074.

Headquartered in Lewisville, TX, The Redeemed Christian Church of
God Eagle Believers Chapel DBA RCCG Eagle Believers Chapel filed
for Chapter 11 protection (Bankr. E.D. Tex. Case No.16-40620) on
April 14, 2016 with estimated assets of $1 million to $10 million
and estimated liabilities of $1 million to $10 million. The
petition was signed by Nosa Evbuomwan, authorized representative.


RENNOVA HEALTH: Director Benjamin Frank Dies
--------------------------------------------
Rennova Health, Inc., regrets to report the death of one of its
directors, Benjamin Frank, who passed away on Dec. 18, 2016.  Mr.
Frank had served as a director of the Company since Nov. 2, 2015,
and previously served as a director of Medytox Solutions, Inc. from
April 24, 2013, to Nov. 2, 2015.

"Mr. Frank will be deeply missed," said Seamus Lagan, chief
executive officer of the Company.  "He was a great friend and his
wise counsel and deep insight into the business of the Company were
always of great value to me and the Board as a whole."

                        About Rennova

Rennova Health, Inc. is a vertically integrated provider of a suite
of healthcare related products and services.  Its principal lines
of business are diagnostic laboratory services, and supportive
software solutions and decision support and informatics operations
services.

The Company reported a net loss attributable to the Company's
common shareholders of $36.4 million for the year ended Dec. 31,
2015, following net income attributable to the Company's common
shareholders of $2.81 million for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Rennova Health had $10.19 million in total
assets, $20.23 million in total liabilities and a total
stockholders' deficit of $10.03 million.

The Company said in its annual report for the year ended Dec. 31,
2015, that "Although our financial statements have been prepared on
a going concern basis, we have recently accumulated significant
losses and have negative cash flows from operations, which raise
substantial doubt about our ability to continue as a going
concern.

"If we are unable to improve our liquidity position we may not be
able to continue as a going concern.  The accompanying consolidated
financial statements do not include any adjustments that might
result if we are unable to continue as a going concern and,
therefore, be required to realize our assets and discharge our
liabilities other than in the normal course of business which could
cause investors to suffer the loss of all or a substantial portion
of their investment."


ROMA'S STEAK: Bankruptcy Administrator Objects to Disclosures OK
----------------------------------------------------------------
J.Thomas Corbett, U.S. Bankruptcy Administrator for the Northern
District of Alabama, filed with the U.S. Bankruptcy Court for the
Northern District of Alabama an objection to Roma's Steak and
Pizzeria, Inc.'s disclosure statement dated Nov. 21, 2016.

The Bankruptcy Administrator says that based on the following, the
DS does not appear feasible:

     A. the Debtor is relying on revenues in the amount of     
        $35,000 per month; however, the Debtor's monthly revenue
        has been less than $35,000 for five out of eight months.
        The average revenue for the Debtor over the past eight
        months is approximately $31,662; and

     B. based on the operating reports, the Debtor is not paying
        post-petition taxes as required by the operating court
        order.  Both the Bankruptcy Administrator and the Alabama
        Department of Revenue have filed motions to dismiss.  The
        assertion in the Disclosure Statement does not appear
        accurate.

The Bankruptcy Administrator also claims that the Disclosure
Statement:

     1. identifies Claim No. 7-1 as a priority claim for the
        Internal Revenue Service; however, Claim No. 8-1 is the
        actual claim number.  That claim was amended to reflect
        zero on Nov. 23, 2016 (Claim No. 8-2), resulting in a
        total priority claim of $3,612.70 for the Internal Revenue

        Service;

     2. omits secured Claim No. 7-1 of the Alabama Department of
        Revenue in the amount of $6,466.72.  The total secured
        claim of ALDOR should be $8,995.03;

     3. should more specifically discuss the Debtor's business
        operations, including how the business has improved, and
        explain assertions in the Disclosure Statement paragraphs
        2.11 and 2.12 and the basis for the 2017 projections.  The

        Disclosure Statement should also disclose the number of
        employees and insiders employed;

     4. should be amended to reflect the correct amount of secured

        debt;

     5. should be amended to include workers' compensation
        payments;

     6. should be amended to include the payment of quarterly fees.

        The quarterly fees in this case are usually $975, or
        $325 per month; and

     7. should be amended to reflect specific plan payments.

Absent a prima facie showing of feasibility of the Disclosure
Statement, the Bankruptcy Administrator will not consent to vesting
of property in the Debtor or a discharge at the time of
confirmation.

The Objection is available at:

          http://bankrupt.com/misc/alnb16-40260-116.pdf

The Bankruptcy Administrator can be reached at:

     Robert J. Landry, III
     Assistant U.S. Bankruptcy Administrator
     United States Bankruptcy Administrator
     Northern District of Alabama
     1129 Noble Street, Room 117
     Anniston, Alabama 36201
     Tel: (256) 741-1540

As reported by the Troubled Company Reporter on Dec. 6, 2016, the
Debtor filed with the Court a disclosure statement dated Nov. 21,
2016, referring to the Debtor's plan of reorganization.  The Debtor
estimates that unsecured claims in this case total $62,491.37.  The
Debtor proposes to pay each of the unsecured claimholders the
allowed amount of their clam with 3% per annum interest over 10
years in monthly installments estimated to be $603 per month.

                        About Roma's Steak

Roma's Steak and Pizzeria, Inc., filed for Chapter 11 protection
(Bankr. N.D. Ala. Case No. 16-40260) on Feb. 17, 2016.  The
petition was signed by Zaharias J. Limberis, president.  At the
time of filing, the Debtor had estimated assets of $0 to $50,000
and estimated debts of $50,000 to $100,000.


ROOT9B TECHNOLOGIES: Inks Definitive Agreement to Sell Subsidiary
-----------------------------------------------------------------
root9B Holdings, Inc., announced the signing of a definitive stock
purchase agreement for the sale of its wholly-owned subsidiary
Control Engineering, Inc.  Closing of the transaction, which is
subject to certain specified terms and conditions, is expected by
Dec. 31, 2016.

On Dec. 15, 2016, Greenhouse Holdings, Inc. (the "Seller"), a
wholly-owned subsidiary of root9B, and CEI, a wholly-owned
subsidiary of the Seller ("CEI"), entered into a Stock Purchase
Agreement with Carlos Carrillo, the senior vice president of
Engineering and Operations of CEI (the "Purchaser"), pursuant to
which, among other things, the Seller agreed to sell all of the
issued and outstanding shares of CEI to the Purchaser for a
purchase price equal to the amount of all accounts receivable of
CEI outstanding on the Closing Date, less (i) the amount of certain
accounts receivable of CEI outstanding on the Closing Date that are
identified as "Bad Debt", (ii) the amount of all accounts payable
of CEI outstanding on the Closing Date, and (iii) $60,000. In the
event that the Purchase Price is positive, the Purchase Price will
be payable by the Purchaser to the Seller in exchange for a
promissory note, which will be guaranteed by CEI and secured by all
of its assets.  In the event the Purchase Price is negative, the
Seller will be obligated to pay the absolute value of the Purchase
Price as follows (a) to the Purchaser, up to $60,000 in cash or
immediately available funds no later than
Jan. 31, 2017, and, (b) to the existing creditors of CEI, the
amount, if any, in excess of $60,000.  The Transaction is expected
to close on Dec. 31, 2016.  After the Closing Date, CEI will no
longer be an indirect, wholly-owned subsidiary of the Company.

"The sale of CEI, once consummated, is an incremental yet important
step towards our goal of becoming a pure play cybersecurity
company," said Dan Wachtler, president & chief operating officer of
root9B Holdings.  "Although CEI was a very small part our overall
business, we will benefit from the elimination of associated
operating expenses and can more fully focus management's resources
on executing our ongoing strategic initiatives.  We are confident
that each of us will be in a better position to grow our two
distinct businesses as independent and separate companies."

The Company also announced the availability of a Letter to
Stockholders from Joseph J. Grano, Jr., chairman and CEO of root9B
Holdings, which may be accessed at the "Investor Relations" section
of the Company's website, www.root9bholdings.com

Additional information regarding the sale of CEI is available in a
Form 8-K filed by the Company with the Securities and Exchange
Commission on Dec. 20, 2016, a copy of which is available at:

                       goo.gl/63HvwP

                       About Root9B

Root9B Technologies, Inc., is a provider of cyber-security,
business advisory services principally in regulatory risk
mitigation, and energy and controls solutions.

Root9B reported a net loss of $8.33 million in 2015 following a net
loss of $24.43 million in 2014.

As of Sept. 30, 2016, Root9B had $31.05 million in total assets,
$13.82 million in total liabilities, and $17.22 million in total
stockholders' equity.

"The Company will need to raise additional funds in order to fund
operations.  Financing transactions, may include the issuance of
equity or debt securities, and obtaining credit facilities, or
other financing mechanisms.  However, if the trading price of our
common stock declines, or if the Company continues to incur losses,
this could make it more difficult to obtain financing through the
issuance of equity or debt securities.  Furthermore, if we issue
additional equity or debt securities, stockholders will likely
experience additional dilution or the new equity securities may
have rights, preferences or privileges senior to those of existing
holders of our common stock.  The inability to obtain additional
financing may restrict our ability to grow and may affect
operations of the Company, its ability to retain and hire critical
staff and revenue producing sub-contractors, and will raise
substantial doubt about our ability to continue as a going
concern," the Company said in its quarterly report for the period
ended Sept. 30, 2016.


ROOT9B TECHNOLOGIES: Uplists to Nasdaq Capital Market
-----------------------------------------------------
root9B Holdings, Inc., announced its common stock has been approved
for listing on the Nasdaq Capital Market, and will commence trading
under the symbol "RTNB" at the opening of trading on Dec. 21, 2016.


"Uplisting to NASDAQ is an important milestone in our history as a
public company, and a reflection of our ongoing commitment to
create long-term shareholder value," said Joseph J. Grano, Jr.
chairman and CEO of root9B Holdings.

"We believe that trading on the Nasdaq Capital Market will help
elevate our profile, improve liquidity, and attract a broader range
of institutional investors," said Dan Wachtler, president of root9
Holdings.  "This is increasingly important as we continue to
transition our business towards that of a pure-play cybersecurity
firm, focused on the operations of our wholly-owned subsidiary
root9B."

"Many of the leading cybersecurity firms are listed on Nasdaq and
we welcome being traded with our peers," said Eric Hipkins,
root9B's chief executive officer.  "For the past 12 months, root9B
has been the #1 ranked cybersecurity firm in the world according to
Cybersecurity Ventures.  We are excited to continue to bring our
unique approach to Manned Information Security and remote HUNT
operations to clients around the world."

                       About Root9B

Root9B Technologies, Inc., is a provider of cyber-security,
business advisory services principally in regulatory risk
mitigation, and energy and controls solutions.

Root9B reported a net loss of $8.33 million in 2015 following a net
loss of $24.43 million in 2014.

As of Sept. 30, 2016, Root9B had $31.05 million in total assets,
$13.82 million in total liabilities, and $17.22 million in total
stockholders' equity.

"The Company will need to raise additional funds in order to fund
operations.  Financing transactions, may include the issuance of
equity or debt securities, and obtaining credit facilities, or
other financing mechanisms.  However, if the trading price of our
common stock declines, or if the Company continues to incur losses,
this could make it more difficult to obtain financing through the
issuance of equity or debt securities.  Furthermore, if we issue
additional equity or debt securities, stockholders will likely
experience additional dilution or the new equity securities may
have rights, preferences or privileges senior to those of existing
holders of our common stock.  The inability to obtain additional
financing may restrict our ability to grow and may affect
operations of the Company, its ability to retain and hire critical
staff and revenue producing sub-contractors, and will raise
substantial doubt about our ability to continue as a going
concern," the Company said in its quarterly report for the period
ended Sept. 30, 2016.


RXI PHARMACEUTICALS: Closes $11.5M Underwritten Public Offering
---------------------------------------------------------------
RXi Pharmaceuticals Corporation announced the closing of its
underwritten public offering of securities for gross proceeds of
$11.5 million, which includes the full exercise of the
underwriters' over-allotment option to purchase additional shares
and warrants.

Participants in this financing included healthcare-focused
institutional investors, high net worth individuals, the Company's
chief executive officer, Geert Cauwenbergh, Dr. Med. Sc. and chief
development officer Pamela Pavco, Ph.D.  Other participants
included OPKO Health, Inc. (NASDAQ: OPK), an existing investor of
RXi, and Timothy Barberich, co-founder of MirImmune, Inc. and
former CEO and Chairman of Sepracor, Inc.

The Company issued 2,131,111 Class A Units, priced at a public
offering price of $0.90 per unit, with each unit consisting of one
share of common stock and a five-year warrant to purchase one share
of common stock at an exercise price of $0.90 per share, and 8,082
Class B Units, priced at a public offering price of $1,000 per
unit, with each unit consisting of 1,111.11 five-year warrants to
purchase one share of common stock at an exercise price of $0.90
per share and one share of Series B Convertible Preferred Stock,
which is convertible into 1,111.11 shares of common stock. The
warrants issued in connection with the transaction are listed on
NASDAQ and will trade under the ticker symbol RXIIW.

In total, RXi issued 2,131,111 shares of common stock, 8,082 shares
of Series B Convertible Preferred Stock convertible into 8,980,000
shares of common stock and warrants to purchase 11,111,111 shares
of common stock.  Additionally, the underwriters have exercised
their over-allotment option to purchase 1,666,666 additional shares
of common stock and warrants to purchase up to an additional
1,666,666 shares of common stock at the public offering price per
share and warrant less the underwriting discounts and commissions.

The net proceeds of the offering are estimated to be approximately
$10.4 million, after deducting underwriting discounts and
commissions and estimated offering expenses.  RXi plans to use the
net proceeds to support the company's clinical trials, to support
general corporate purposes and general and administrative expenses
and, if the option agreement with MirImmune, Inc. is exercised, to
support the potential acquisition of MirImmune and the development
of its pipeline.

Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann
Financial Services Inc. (NYSE MKT-LTS) acted as the sole bookrunner
for the offering, and Griffin Securities, Inc. acted as
co-manager.

The securities were offered pursuant to a registration statement on
Form S-1 (File No. 333-214199), which was declared effective by the
Securities and Exchange Commission (SEC) on Dec. 15, 2016.  A final
prospectus related to the offering was filed with the SEC on Dec.
16, 2016.  Copies of the final prospectus, when available, may be
obtained at the SEC's website at www.sec.gov, or by contacting
Ladenburg Thalmann & Co. Inc., 570 Lexington Avenue, 11th Floor,
New York, New York 10022 or by email at prospectus@ladenburg.com.

                          About RXi

RXi Pharmaceuticals Corporation, a biotechnology company, focuses
on discovering and developing therapies primarily in the areas of
dermatology and ophthalmology.  The company develops therapies
based on siRNA technology and immunotherapy agents.  Its clinical
development programs include RXI-109, a self-delivering RNAi
compound, which is in Phase IIa clinical trial that is used to
prevent or reduce dermal scarring following surgery or trauma, as
well as for the management of hypertrophic scars and keloids; and
Samcyprone, an immunomodulation agent, which is in Phase IIa
clinical trial for the treatment of various disorders, such as
alopecia areata, warts, and cutaneous metastases of melanoma.  The
company's preclinical program includes the development of products
for ocular indications with RXI-109, including retinal and corneal
scarring.  Its discovery stage development programs include a
dermatology franchise for the discovery of collagenase and
tyrosinase targets for its RNAi platform; and ophthalmology
franchise, a program for the discovery of sd-rxRNA compounds for
oncology indications, including retinoblastoma.  The company was
incorporated in 2011 and is headquartered in Marlborough, Mass.

RXi reported a net loss of $10.22 million in 2015 following a net
loss of $8.80 million in 2014.  As of Sept. 30, 2016, RXi
Pharmaceuticals had $4.90 million in total assets, $1.86 million in
total liabilities and $3.03 million in total stockholders' equity.

"The Company has limited cash resources, has reported recurring
losses from operations since inception and has not yet received
revenues from sales of products.  These factors raise substantial
doubt regarding the Company's ability to continue as a going
concern, and the Company's current cash resources may not provide
sufficient capital to fund operations for at least the next twelve
months.  Historically, the Company's primary source of financing
has been through the sale of its securities.  The continuation of
the Company as a going concern depends upon the Company's ability
to raise additional capital through an equity offering, debt
offering or strategic opportunity to fund its operations.  There
can be no assurance that the Company will be successful in
accomplishing these plans in order to continue as a going concern,"
the Company stated in its quarterly report for the period ended
Sept. 30, 2016.


RXI PHARMACEUTICALS: Stockholders Elect Five Directors
------------------------------------------------------
RXi Pharmaceuticals Corporation held its 2016 annual meeting of
stockholders on Dec. 15, 2016, at which the stockholders:

   (i) elected Geert Cauwenbergh, Dr. Med. Sc., Robert J.
       Bitterman, Keith L. Brownlie, Paul H. Dorman and
       Curtis A. Lockshin, Ph.D. as directors to serve until the
       2017 annual meeting;

  (ii) ratified the selection of BDO USA, LLP as the Company's
       independent registered public accounting firm for the
       fiscal year ending Dec. 31, 2016;

(iii) approved, on a non-binding advisory basis, the compensation
       paid to the Company's named executive officers;

  (iv) approved an increase in the number of shares available for  

       issuance under the RXi Pharmaceuticals Corporation Employee
       Stock Purchase Plan; and

   (v) approved an increase in the number of shares available for
       issuance under the 2012 RXi Pharmaceuticals Corporation
       Long Term Incentive Plan.

                           About RXi

RXi Pharmaceuticals Corporation, a biotechnology company, focuses
on discovering and developing therapies primarily in the areas of
dermatology and ophthalmology.  The company develops therapies
based on siRNA technology and immunotherapy agents.  Its clinical
development programs include RXI-109, a self-delivering RNAi
compound, which is in Phase IIa clinical trial that is used to
prevent or reduce dermal scarring following surgery or trauma, as
well as for the management of hypertrophic scars and keloids; and
Samcyprone, an immunomodulation agent, which is in Phase IIa
clinical trial for the treatment of various disorders, such as
alopecia areata, warts, and cutaneous metastases of melanoma.  The
company's preclinical program includes the development of products
for ocular indications with RXI-109, including retinal and corneal
scarring.  Its discovery stage development programs include a
dermatology franchise for the discovery of collagenase and
tyrosinase targets for its RNAi platform; and ophthalmology
franchise, a program for the discovery of sd-rxRNA compounds for
oncology indications, including retinoblastoma.  The company was
incorporated in 2011 and is headquartered in Marlborough, Mass.

RXi reported a net loss of $10.22 million in 2015 following a net
loss of $8.80 million in 2014.  As of Sept. 30, 2016, RXi
Pharmaceuticals had $4.90 million in total assets, $1.86 million in
total liabilities and $3.03 million in total stockholders' equity.

"The Company has limited cash resources, has reported recurring
losses from operations since inception and has not yet received
revenues from sales of products.  These factors raise substantial
doubt regarding the Company's ability to continue as a going
concern, and the Company's current cash resources may not provide
sufficient capital to fund operations for at least the next twelve
months.  Historically, the Company's primary source of financing
has been through the sale of its securities.  The continuation of
the Company as a going concern depends upon the Company's ability
to raise additional capital through an equity offering, debt
offering or strategic opportunity to fund its operations.  There
can be no assurance that the Company will be successful in
accomplishing these plans in order to continue as a going concern,"
the Company stated in its quarterly report for the period ended
Sept. 30, 2016.


SBN FOG CAP: Files Revised Chapter 11 Liquidating Plan
------------------------------------------------------
SBN Fog Cap II LLC and Fog Cap Retail Investors LLC filed with the
U.S. Bankruptcy Court for the District of Colorado their latest
disclosure statement, which explains their proposed Chapter 11 plan
of liquidation.

Under the latest plan, unless a holder of an allowed unsecured
claim agrees to reduce its claim to $75,000 and opt into Class 4,
each holder of a Class 3 unsecured claim will receive its pro rata
share of all cash available for distribution up to the full amount
of each Class 3 claim, plus interest accruing per annum from the
effective date of the plan through the date of payment in full.

Meanwhile, each holder of an allowed unsecured claim in an amount
of $75,000 or less will be included in Class 4, but will retain a
right to opt into Class 3.  

Holders of Class 4 unsecured convenience claims will receive 50% of
their claims with a cap of $75,000, paid in cash on the effective
date, according to the companies' latest disclosure statement filed
on Dec. 13.

A copy of the amended disclosure statement is available for free at
https://is.gd/dhfjgJ

                       About SBN Fog Cap &
                    Fog Cap Retail Investors

Fog Cutter Capital Group, Inc., as the sole member, formed Fog Cap
Retail Investors LLC on Aug. 20, 2002.  Fog Cap was formed for the
purpose of entering into a portfolio sale agreement dated Sept. 25,
2002, with Foot Locker Retail, Inc., for the purchase of certain
master leases for real property leases which were operated, or
formerly operated as, retail shoe stores.  At that time, Fog Cap's
portfolio was managed by Egelhoff Property Advisors LLC.

SBN Fog Cap II LLC, based in Denver, Colorado, filed a Chapter 11
petition (Bankr. D. Colo. Case No. 16-13815) on April 20, 2016.  In
its petition, SBN Fog Cap estimated $1 million to $10 million in
assets and $100,000 to $500,000 in liabilities.

Fog Cap Retail Investors LLC, also based in Denver, filed a
separate Chapter 11 petition (Bankr. D. Colo. Case No. 16-13817) on
April 20, 2016.  It estimated $1 million to $10 million in both
assets and liabilities.

Both petitions were signed by Steven C. Petrie, chief executive
officer.  

The cases were jointly administered pursuant to an Order of the
bankruptcy Court dated June 2, 2016.  The Hon. Thomas B. McNamara
presides over the cases. James T. Markus, Esq., at Markus Williams
Young & Simmermann LLC, serves as counsel to the Debtors.

On May 25, 2016, the Unsecured Creditors' Committee was formed by
the U.S. Trustee in the case of Fog Cap Retail Investors LLC only.


SC CONCRETE: Unsecureds To Recoup 3.01% Under Plan
--------------------------------------------------
SC Concrete, Corp. and South Caribbean Block, Inc. filed with the
U.S. Bankruptcy Court for the District of Puerto Rico a
consolidated disclosure statement explaining their plan of
reorganization, dated Dec. 19, 2016.

Under the plan, Unsecured Convenience class of creditors for claims
that are less than $15,000 are classified in Class 4, and will
receive a distribution of 3.01% of their allowed claims, to be
distributed in lump sum distribution of $1,000, to be made on the
effective date of the plan, Unsecured Convenience class of
creditors for claims that are more than $15,001 are classified in
Class 5, and will receive a distribution of 3.48% of their allowed
claims, to be distributed as follows: $3,500 on the effective date
on the plan, and four subsequent equal yearly installments of
$3,500.

Payments and distributions under the Plan will be funded by the
on-going operations of the Debtor.

A full-text copy of the Disclosure Statement is available at:
http://bankrupt.com/misc/prb16-01313-11-86.pdf 

Attorneys for Debtors:

     Myrna L. Ruiz-Olmo
     MRO Attorneys at Law LLC
     PO Box 367819
     San Juan, PR 00936-7819
     Tel. 787-237-7440
     Email: mro@prbankruptcy.com
     Web: www.prbankruptcy.com

South Caribbean Block Inc., filed a Chapter 11 bankruptcy petition
(Bankr. D.P.R. Case No. 16-05121) on June 28, 2016.  The Debtor
is
represented by Myrna L Ruiz Olmo, Esq.


SEANERGY MARITIME: Closes Sale of 1.3M Shares & Warrants
--------------------------------------------------------
Seanergy Maritime Holdings Corp. completed on Dec. 21, 2016, the
sale of an additional 1,300,000 of its common shares and class A
warrants to purchase 1,500,000 common shares of the Company
pursuant to the exercise of the over-allotment option granted to
the underwriters in the Company's public offering that closed on
Dec. 13, 2016.  In connection with the sale of Additional
Securities, the Company issued the representative of the
underwriters a warrant to purchase 65,000 of its common shares.

                       About Seanergy

Athens, Greece-based Seanergy Maritime Holdings Corp. is an
international company providing worldwide seaborne transportation
of dry bulk commodities.  The Company owns and operates a fleet
of seven dry bulk vessels that consists of three Handysize, two
Supramax and two Panamax vessels.  Its fleet carries a variety of
dry bulk commodities, including coal, iron ore, and grains, as
well as bauxite, phosphate, fertilizer and steel products.

For the year ended Dec. 31, 2015, the Company reported a net loss
of US$8.95 million on US$11.2 million of net vessel revenue
compared to net income of US$80.3 million on US$2.01 million of
net vessel revenue for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Seanergy had US$203.60 million in total
assets, US$184.45 million in total liabilities and US$19.15
million in stockholders' equity.

Ernst & Young (Hellas) Certified Auditors-Accountants S.A., in
Athens, Greece, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31,
2015, citing that the Company reports a working capital deficit
and estimates that it may not be able to generate sufficient cash
flow to meet its obligations and sustain its continuing operations
for a reasonable period of time, that in turn raise substantial
doubt about the Company's ability to continue as a going concern.


SECURED ASSETS BELVEDERE: Unsecureds To Be Paid From Unit Sales
---------------------------------------------------------------
Secured Assets Belvedere Towers, LLC, filed with the U.S.
Bankruptcy Court for the District of Nevada a disclosure statement
in support of its chapter 11 plan of reorganization, a full-text
copy of which is available at:

       http://bankrupt.com/misc/nvb16-51162-159.pdf

The plan provides for the continued operation of the Debtor through
the leasing of its units at The Belvedere and through the sale of
its units, either as a bulk sale or individual sale of units from
which the Debtor will generate net operating income for the payment
of its Creditors.

The Debtor will:

   (i) institute a proceeding to adjudicate the allowed secured
claim of its primary secured creditor, Belvedere Debt Holdings,
LLC, (BDH) and, when the allowed secured claim has been finally
determined, will transfer sufficient units to satisfy the allowed
secured claim to BDH in full.

  (ii) institute a proceeding to adjudicate the allowed secured
claim of US Bank and to challenge the extent, validity and priority
of any Lien of US Bank against the US Bank Units.

(iii) institute a proceeding to adjudicate the allowed unsecured
claim of BTM, LLC to determine the amount of offset the Debtor is
entitled to and any other outstanding issues arising from any proof
of claim BTM may file.

The plan also provides for the payment of allowed secured creditor
claims and unsecured creditor claims in full.

The Debtor will lease and sell its unencumbered units as the means
by which to fund payments to creditors. The Debtor submits that the
only means by which creditors will be paid is for the Debtor to
remain in business and continue the orderly sale of its assets.

              About Secured Assets Belvedere Tower

Reno, Nevada-based Secured Assets Belvedere Tower, LLC, filed a
chapter 11 petition (Bankr. D. Nev. Case No. 16-51162) on Sept.
19,
2016.  The petition was signed by Gregg Smith.  The Debtor is
represented by Elizabeth A. High, Esq., and Cecilia Lee, Esq., at
Davis Graham & Stubbs LLP.  The case is assigned to Judge Gregg
W.
Zive. 

The Debtor, a single asset real estate company, disclosed total
assets at $20.4 million and total liabilities at $18.5 million.


SEOUL PRESBYTERIAN: Disclosures Okayed, Plan Hearing on Jan. 13
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Virginia will
consider approval of the Chapter 11 plan of reorganization of Seoul
Presbyterian Church at a hearing on Jan. 13, at 9:30 a.m.

The court had earlier approved the disclosure statement, allowing
Seoul Presbyterian Church to start soliciting votes from creditors.


The Dec. 8 order set a Jan. 6 deadline for creditors to cast their
votes and file their objections.

The restructuring plan proposes to pay unsecured creditors in full
at 4.5% interest over 60 months.

                About Seoul Presbyterian Church

Headquartered in Fairfax Station, Virginia, Seoul Presbyterian
Church filed for Chapter 11 bankruptcy protection (Bankr. E.D. Va.
Case No. 16-10983) on March 18, 2016, estimating its assets at up
to $50,000 and its liabilities at between $1 million and $10
million.  The petition was signed by Gun Ho Choi, trustee.

Judge Brian F. Kenney presides over the case.

Richard G. Hall, Esq., at Richard G. Hall serves as the Debtor's
bankruptcy counsel.


SOBEYS INC: S&P Lowers CCR to 'BB+' on Weak Operating Results
-------------------------------------------------------------
S&P Global Ratings said it lowered its long-term corporate credit
rating on Stellarton, N.S.-based grocery retailer Sobeys Inc. to
'BB+' from 'BBB-'.  The outlook is stable.

At the same time, S&P Global Ratings lowered its rating on the
company's senior unsecured debt to 'BB+' from 'BBB-' and assigned a
'3' recovery rating to the debt, which reflects S&P's expectation
for meaningful recovery in the event of default.  The company had
C$1.55 billion of senior unsecured notes outstanding at Nov. 5,
2016.

"The downgrade reflects our view that Sobeys' operations will
remain challenged in the near term," said S&P Global Ratings
analyst Alessio Di Francesco.  "In our opinion, the company's plans
to rationalize its cost structure and successfully implement a
revised pricing strategy--'Simplified Buy & Sell'--in an
environment of low food price inflation and intense competition
will take longer to materialize than we had initially expected,"
Mr. Di Francesco added.

As a result, S&P expects revenue trends and profit margins to
remain weak and volatile for the next couple of years.  S&P's view
of Sobeys' market share erosion and weaker margins indicate weak
financial performance in fiscal 2017, with only gradual EBITDA
growth beyond this fiscal year.

Sobeys continues to face operational challenges, particularly in
western Canada, which S&P assumes will contribute to weaker same
store sales (SSS) and EBITDA margins than S&P had previously
expected.

S&P believes that Sobeys' business risk profile has weakened, as
evidenced by a drop in SSS performance, market share, and EBITDA
margins, all of which S&P believes will be difficult to regain amid
intense competition, lower food price inflation, and significant
internal change for the company.  That said, S&P's assessment still
reflects Sobeys' No. 2 market share position in the relatively
concentrated Canadian supermarket sector with good coverage across
the country and adjusted EBITDA margins that S&P considers average
for food retailers (5%-10%).  It also incorporates S&P's opinion
that Canadian food retailing, while stable compared with other
subsectors in retail, is a mature and highly competitive market
with limited growth potential.

The stable outlook reflects S&P's view that adjusted debt-to-EBITDA
will improve beyond this year to about 4x at the end of fiscal
2019.  It also reflects S&P's view that SSS performance will
gradually recover and adjusted EBITDA margins will be above 5%.

S&P could lower the rating on Sobeys if S&P expects the company to
sustain adjusted debt-to-EBITDA in the mid-to-high 4x area through
fiscal 2019.  This could occur if SSS decline by more than 3% in
the second half of fiscal 2017 with poor prospects of returning to
positive growth in the following fiscal year.  S&P could also lower
the rating if it expects the company to sustain adjusted EBITDA
margins below 5%, which S&P would consider below average for food
retailers.

S&P could raise the ratings if adjusted debt-to-EBITDA improves
sustainably to about 3x.  This would likely coincide with a
significant rebound in SSS and profitability, which S&P considers
unlikely in the next 12 months.  S&P believes a return to
investment-grade is beyond our outlook horizon, and could occur if
the company sustains positive SSS growth, lowers costs to compete
more effectively, and generates stronger, more stable earnings
through periods of changing consumer behaviors.


SPEEDWAY MOTORSPORTS: S&P Retains 'BB+' Rating on Unsecured Debt
----------------------------------------------------------------
S&P Global Ratings said that it has reviewed its recovery and
issue-level ratings on Speedway Motorsports Inc. that were labeled
as under criteria observation (UCO) after publishing its revised
recovery ratings criteria on Dec. 7, 2016.  With S&P's criteria
review complete, it is removing the UCO designation from these
ratings and are lowering all of the ratings on Speedway's senior
secured debt to 'BBB-' from 'BBB' because S&P now caps issue
ratings for most speculative-grade issuers at 'BBB-', regardless of
S&P's recovery rating.  This change de-emphasizes the weight
recovery plays in the up-notching issue ratings for issuers near
the investment-grade threshold, since recovery is a smaller
component of credit risk when default risk is more remote,
particularly considering recovery prospects that may be less
predictable and more variable for these issuers.  This revision
does not reflect a change in S&P's assessment of the company's
default risk, which is indicated by S&P's corporate credit rating,
or its opinion of recovery given default, which is indicated by
S&P's recovery ratings.

S&P's recovery rating on Speedway's secured debt remains '1',
indicating S&P's expectation for very high (90%-100%) recovery in a
simulated payment default scenario.  S&P's rating on Speedway's
unsecured debt remains 'BB+' with a '3' recovery rating, indicating
expectation for meaningful (upper half of the 50%-70% range)
recovery.

These rating actions stem solely from the application of S&P's
revised recovery criteria and do not reflect any change in its
assessment of the corporate credit ratings for issuers of the
affected debt issues.

RATINGS LIST

Issue Ratings Lowered; Recovery Ratings Revised Due To Revised
Recovery Rating
Criteria For Speculative-Grade Corporate Issuers
                                              To          From
Speedway Motorsports Inc.
Senior secured                               BBB-        BBB
  Recovery rating                             1           1

Issue Ratings Affirmed; Recovery Ratings Unchanged

Speedway Motorsports Inc.
Senior unsecured                             BB+
  Recovery rating                             3H


STADIUM CHEVRON: Unsecureds To Recoup 50% Under Plan
----------------------------------------------------
Stadium Chevron, Inc., filed with the U.S. Bankruptcy Court for the
Middle District of Louisiana a disclosure statement for the
Debtor's plan of reorganization dated Dec. 12, 2016.

Class 2 General Unsecured Claims is impaired under the Plan.  Six
months after the Effective Date, the Debtor will pay each holder of
an allowed Class 2 Claim 25% of the allowed claim.  Twelve months
after the Effective Date, the Debtor will pay each holder of an
allowed Class 2 Claim 25% of the allowed claim.  No additional
payments will be made to Class 2 Claims after the second payment.

The primary methods of funding the plan payments are (1) continued
operations, including alcohol sales since November 2016, and (2)
the anticipated sale of the Hooper Road store.

The Disclosure Statement is available at:

            http://bankrupt.com/misc/lamb16-10334-81.pdf
          
The Plan was filed by the Debtor's counsel:

     Arthur A. Vingiello, Esq.
     STEFFES, VINGIELLO & McKENZIE, LLC
     13702 Coursey Boulevard, Building 3
     Baton Rouge, Louisiana 70817
     Tel: (225) 751-1751
     Fax: (225) 751-1998
     E-mail: avingiello@steffeslaw.com

                      About Stadium Chevron

Stadium Chevron, Inc., started in 1993 when Melvin George started
leasing an Exxon gas station/convenience store from Exxon Company,
USA.  This property is located at 1300 Scenic Highway, Baton Rouge,
Louisiana.  In 2001, he purchased the property and equipment and
paid the entire debt off in 2003.  In 2005, Mr. George decided to
purchase a second location which was a Shell gas station located at
7111 Hooper Road.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M. D. La. Case No. 16-10334) on March 22, 2016.  The
petition was signed by Melvin George, president.

At the time of the filing, the Debtor estimated assets of $1
million to $10 million and liabilities of less than $500,000.

Arthur A. Vingiello, Esq., at Steffes, Vingiello & McKenzie, LLC,
serves as the Debtor's bankruptcy counsel.


STAFFING GROUP: Incurs $1.85 Million Net Loss in Third Quarter
--------------------------------------------------------------
The Staffing Group Ltd. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $1.85 million on $1.43 million of net revenues for the three
months ended Sept. 30, 2016, compared to a net loss of $35,556 on
$0 of net revenues for the same period during the prior year.

For the nine months ended Sept. 30, 2016, the Company reported a
net loss of $2.64 million on $3.05 million of net revenues compared
to a net loss of $155,811 on $0 of net revenues for the nine months
ended Sept. 30, 2015.

As of Sept. 30, 2016, Staffing Group had $3.83 million in total
assets, $5.61 million in total liabilities and a total
stockholders' deficit of $1.77 million.

As of Sept. 30, 2016, the Company had a stockholders' deficit of
$1,779,775 and a working capital deficit of $3,764,394.  For the
nine months ended Sept. 30, 2016 the Company had a net loss of
$2,643,936.  The Company's stockholders' deficiency is primarily
due to, among other reasons, funding its historical net losses.

The Company's principal sources of liquidity include cash from
operations and proceeds from debt and equity financings.  As of
Sept. 30, 2016, the Company had $209,048 in cash.

"The Company is funding its operations primarily through the sale
of equity, convertible notes payable and shareholder loans.  In the
event the Company experiences liquidity and capital resources
constraints because of greater than anticipated sales growth or
acquisition needs, the Company may need to raise additional capital
in the form of equity and/or debt financing including refinancing
its current debt.  Issuances of additional shares will result in
dilution to its existing shareholders.  There is no assurance that
the Company will achieve any additional sales of its equity
securities or arrange for debt or other financing to fund any
potential acquisition needs or increased growth.  If such
additional capital is not available on terms acceptable to the
Company, or at all, then the Company may need to curtail its
operations and/or take additional measures to conserve and manage
its liquidity and capital resources, any of which would have a
material adverse effect on its business, results of operations and
financial condition.  The ability to successfully resolve these
factors raise substantial doubt about the Company's ability to
continue as a going concern.  The consolidated financial statements
of the Company do not include any adjustments that may result from
the outcome of these aforementioned uncertainties.  In order to
mitigate the risk related with this uncertainty, the Company plans
to issue additional shares of common stock for cash and services
during the next 12 months," the Company stated in its quarterly
report.

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

                       https://is.gd/RHJWUZ

                   About The Staffing Group, Ltd.

The Staffing Group, Ltd., is engaged in the business of providing
temporary staffing solutions.  The Company provides general
laborers to construction, light industrial, refuse, retail and
hospitality businesses, and recruits, hires, trains and manages
skilled workers.  The Company operates approximately one staffing
location in Montgomery, Alabama through its subsidiary, Staff Fund
I, LLC. Staff Fund I, LLC, is focused in the blue collar staffing
industry.

Staffing Group reported a net loss of $272,364 for the year ended
Dec. 31, 2015, following a net loss of $510,832 for the year ended
Dec. 31, 2014.

Marcum LLP, in Marcum, LLP, issued a "going concern" qualification
on the consolidated financial statements for the year ended
Dec. 31, 2015, citing that the Company has just completed a
split-off and has not generated any significant revenues from its
continuing operations, 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.


STONE ENERGY: Raymond Hyer Reports 7% Stake as of Dec. 10
---------------------------------------------------------
In a Schedule 13D filed with the Securities and Exchange
Commission, Raymond T. Hyer reported that as of Dec. 10, 2016, he
beneficially own 401,905 shares of common stock, par value $0.01
per share, of Stone Energy Corporation representing 7.07 percent
based on 5,688,410 shares outstanding on Nov. 7, 2016, as reflected
in the quarterly report on Form 10-Q of Stone Energy Corporation
filed with the SEC on Nov. 7, 2016.  A full-text copy of the
regulatory filing is available for free at https://is.gd/kvdz0N

                      About Stone Energy

Stone Energy Corp. is an independent oil and natural gas
exploration and production company headquartered in Lafayette,
Louisiana with additional offices in New Orleans, Houston and
Morgantown, West Virginia.  Stone is engaged in the acquisition,
exploration, development and production of properties in the Gulf
of Mexico and Appalachian basins.  For additional information,
contact Kenneth H. Beer, chief financial officer, at 337-521-2210
phone, 337-521-9880 fax or via e-mail at CFO@StoneEnergy.com

As of Dec. 31, 2015, the Debtors' estimated proved oil and gas
reserves, as determined by Netherland Sewell & Associates, were
approximately 57 million barrels of oil equivalent ("MMBoe"), or
approximately 342 billion cubic feet of gas equivalent ("Bcfe")
compared to Dec. 31, 2014, estimated proved oil and gas reserves of
approximately 153 MMBoe, or approximately 915 Bcfe.  Stone Energy
had 247 employees as of the bankruptcy filing.

Stone Energy Corp. and two affiliates sought Chapter 11 protection
(Bankr. S.D. Tex. Case Nos. 16-36390, 16-36391 and 16-36392) on
Dec. 14, 2016, to pursue a prepackaged plan of reorganization.

Judge Marvin Isgur is assigned to the cases.

The Debtors hired Latham & Watkins LLP as general counsel, Porter
Hedges LLP as local counsel; Alvarez & Marsal North America, LLC as
financial advisor; Lazard Freres & Co. LLC, as investment banker;
and Epiq Bankruptcy Solutions, LLC as claims, noticing,
solicitation and balloting agent.


SUNOCO LP: Fitch Lowers LT Issuer Default Rating to 'BB-'
---------------------------------------------------------
Fitch Ratings has downgraded Sunoco, LP's Long-term Issuer Default
Rating to 'BB-' from 'BB'. Additionally, Fitch has downgraded SUN's
senior secured rating to 'BB/RR1' from 'BB+/RR1' and SUN's senior
unsecured rating to 'BB-/RR4' from 'BB/RR4'. The Rating Outlook has
been revised to Negative from Stable.

The downgrade and Negative Outlook reflects a rising concern over
inflated leverage levels at SUN. Fitch believes SUN's elevated
leverage over the next several quarters has the potential to
pressure liquidity at the company given covenant restrictions on
SUN's revolver and Term Loan A. SUN's aggressive acquisition
strategy has pushed leverage (as defined in SUN's revolver and Term
Loan A covenants) to roughly 5.9x for the 3Q 2016, roughly within a
quarter turn of SUN's leverage covenant of 6.25x. The leverage
covenant begins to step down in the 2Q 2017, which has the
potential to restrict liquidity. While Fitch believes that SUN will
remain in compliance with covenants, the step down in covenant
level coupled with potential EBITDA weakness suggests an increased
risk around a possible covenant breach in mid-2017.

SUN's ratings are reflective of the size, scale and geographic
diversity of the partnership and its position as the largest pure
play fuel retail and marketing MLP in the space. SUN's ratings
consider SUN's relationship with its parent and sponsor, Energy
Transfer Equity (ETE; 'BB'/Outlook Stable) and with affiliate
Energy Transfer Partners, LP (ETP; 'BBB-'/Outlook Stable). SUN's
affiliation with ETE and ETP provides significant benefits to SUN,
particularly with regard to providing a lever for retaining cash
near-term through distribution waivers provided by its sponsor or
affiliate partnerships (ETE has in the past provided its other
partnership subsidiaries such waivers). These benefits are not
available to standalone partnerships. Fitch believes that the
affiliation with ETE and ETP helps lessen event financing and
operating risks for SUN, although no waivers have currently been
announced. Fitch believes several capital raising options are
available to SUN in order to help improve leverage metrics
including a common unit offering, a hybrid offering, a temporary
covenant waiver, distribution waivers from parent ETE and/or ETP,
continued aggressive ATM offerings, a private equity placement or a
distribution cut outright.

The 'BB/RR1' senior secured rating reflects Fitch's expectations
for substantial collateral coverage and outstanding recovery
prospects for SUN's secured debt in a distressed scenario. The one
notch uplift from SUN's IDR reflects Fitch's notching criteria for
issuers with IDR's in the 'BB' range. The senior unsecured rating
of 'BB/RR4' for SUN's senior unsecured notes reflects Fitch's
expectation that recoveries at the unsecured level would be average
in a distressed scenario given the amount of secured debt in SUN's
capital structure.

KEY RATING DRIVERS

Aggressive Acquisition Strategy Pressuring Metrics: SUN has
completed over $5 billion in acquisitions since 2014, dramatically
growing the partnership, but also weighing on its balance sheet as
much of the acquisitions were done with heavy debt funding. As a
result the acquisitions coupled with a contraction in gross margin
on fuel sales is expected to push SUN's leverage metrics above
Fitch's prior expectation of 5.6x for 2016, to roughly 6.2x to 6.3x
for 2016 coming down only modestly in 2017 and 2018, but well above
Fitch's expected 5.0x sustained negative ratings trigger for the
outer years 2017 to 2019.

Growing Scale: Fitch believes SUN will benefit from the increased
economies of scale that its increased store count should ultimately
provide. As the store count managed by SUN continues to grow, SUN
will be able to benefit from increased purchasing power, logistical
support and the awareness of its top regional and national brands
to create value. This growing presence should allow SUN to increase
its share of a highly fragmented convenience store-fuel station
market in which nearly 60% of its competitors only own one store.

Organic Growth Moderating: Organic growth spending for 2016 was
elevated in the $360 to $390 million range, Fitch expects this
number to moderate in 2017 and 2018 which should help deleveraging
efforts. A key to SUN's growth going forward will be development of
new stores targeted in high growth markets with favorable
demographics. New stores with more open and modern store designs
typically produce 2x-3x the cash flows of legacy stores. They carry
a larger proportion of higher margin food offerings and private
label products. Foodservice drives higher than average gross
margins and drives additional customer traffic. SUN also plans to
raze and rebuild on existing sites with attractive volume and
customer traffic. Utilizing existing locations eliminates the need
to permit sites.

KEY ASSUMPTIONS

Fitch's key assumptions within rating case for the issuer include:

- Modest growth in retail and wholesale fuel gallons sold with
margins held flat at or near current levels. Merchandise margins
held at 3Q 2016 levels with modest merchandise sales growth;

- Decline in growth capital spending to between $200 and $250
million annually for next three years, with maintenance capital
between $100 and $115 million annually;

- Flat distribution at current level, balanced funding of growth
spending.

RATING SENSITIVITIES

Positive: Future developments that may, individually or
collectively, lead to a positive rating action include:

- A meaningful reduction in leverage with a capitalization plan
focused on getting leverage between 5.5x to 6.0x on a sustained
basis would likely lead to a stabilization of the Outlook.
Leverage below 5.5x would likely lead to a Positive Outlook and
leverage expected at or below 5.0x on a sustained basis would
likely lead to a one notch upgrade.

Negative: Future developments that may, individually or
collectively, lead to a negative rating action include:

- Deteriorating EBIT margins at or below 1% on a consistent basis
could lead to further negative rating action.

- A distribution coverage ratio below 1x, combined with leverage
ratios above 6.0x on a sustained basis could result in negative
rating action.

LIQUIDITY

Liquidity Constricting: SUN's liquidity is constricting as it
pushes up against its leverage covenant which is set to step-down
in the coming quarters. As of Sept. 30, 2016 SUN had $958 million
in borrowings on its $1.5 billion revolving credit facility.
Leverage (calculated based on facility definitions) was 5.97x
roughly a quarter turn below its 6.25x covenant level. SUN reported
roughly $550 million in availability on its revolver, and Fitch
believes borrowing availability to be limited should SUN wish to
remain in covenant compliance. Additionally, as covenants step down
starting in 2Q 2017 Fitch believes that compliance will become more
tenuous. Offsetting some of the concern around liquidity is a lack
of near-term maturities, with no maturities until October 2019 when
the term loan and revolver mature.

FULL LIST OF RATING ACTIONS

Fitch has downgraded the following ratings:

Sunoco, LP
  Long-term IDR to 'BB-' from 'BB';
  Senior secured rating to 'BB/RR1' from 'BB+/RR1';
  Senior unsecured rating to 'BB-/RR4' from 'BB/RR4'.

Sunoco Finance Corp.
  Senior unsecured rating to 'BB-/RR4' from 'BB/RR4'.

The Rating Outlook is revised to Negative from Stable.


SUTTON LUMBER: First Bank May Get Up to $22,836 A Month Over 5 Yrs.
-------------------------------------------------------------------
Sutton Lumber Co., Inc., filed with the U.S. Bankruptcy Court for
the Northern District of Georgia a disclosure statement dated Dec.
5, 2016, referring to the Debtor's second amended plan of
reorganization.

Class 6 - Secured Claim of First Bank of Dalton is impaired under
the Plan.  

On Feb. 1, 2016, First Bank of Dalton filed proof of claim number
72 in the amount of $3,650,468.98, consisting of a principal
balance in the amount of $3,389,018.70, interest in the amount of
$195,672.53, and late charges in the amount of $65,777.76 pursuant
to a Term Note dated April 28, 2010, in the original principal
amount of $3,800,000 with a maturity date of May 1, 2030.  To
secure the Asserted Class 6 Secured Claim, the lender asserts liens
upon and security interest in Debtor's real property located at 574
Tennga Road, Tennga, Georgia, rents, fixtures and contracts flowing
from the same.

Pursuant to the consent court order between Debtor and First Bank
of Dalton, in July 2016, the Debtor commenced $12,000 monthly
post-petition payments to First Bank of Dalton on its Class 6
Secured Claim.  Any allowed post-petition interest that is unpaid
on the Confirmation Date will be added as interest to the Secured
Class 6 Claim.

First Bank of Dalton will have the option of electing treatment
under Option A or Option B.  In the event First Bank of Dalton does
not make an election under Option A or Option B, Option A will
control.

Under Option A, the Debtor will pay the Allowed Class 6 Secured
Claim to First Bank of Dalton (i) at the rate of $12,000 per month
commencing on the 28th day of the first full month following the
Effective Date and continuing for a total of 12 months, which is
the equivalent of the current adequate protection payments and (i)
increasing to $15,000 per month on the 28th day of the the 13th
month through the 60th full month following the Effective Date,
which is approximately $400 more than the monthly interest carry on
the principal balance of $3,389,018.70 with interest accruing at
the annual rate of 5.25%; (iii) increasing to $22,836.76 per month
on the 28th day of the 61st month following the Effective Date
which is the amortization of the principal balance of $3,389,018.70
over 20 years with interest accruing at the annual rate of 5.25%;
and (iv) a final payment on May 1, 2030.  Interest will accrue on
the principal balance of the Class 6 Secured Claim at the annual
rate of 5.25%.  Any payments received by First Bank of Dalton on or
after the Effective Date will be referred as the "Class 6 Secured
Claim Payments."  

The Class 6 Secured Claim Payments will be applied first to accrued
and unpaid interest which accrues on the Class 6 Secured Claim in
accordance with the Plan and then to principal provided that in the
event of an uncured default First Bank of Dalton may apply any
recovery first to the expenses incurred by First Bank of Dalton in
enforcing its remedies under the Pre-Petition Loan Documents or the
Plan.  First Bank of Dalton will retain its lien and security
interest in the First Bank of Dalton Collateral to the same
priority and validity as existed on the Filing Date and to the
extent of the Allowed Class 6 Secured Claim; however, First Bank of
Dalton will release its lien on and security interest in the First
Bank of Dalton Collateral for a payment of the then outstanding
allowed Class 6 Secured Claim.  Upon request by the Debtor, First
Bank of Dalton will promptly provide the then outstanding balance
of the Class 6 Secured Claim and an accounting including all
payments received and their application since the Filing Date.

Under Option B -- applicable if affirmatively elected by First Bank
of Dalton -- the Debtor on the Effective Date will surrender all
its rights and interests in the First Bank of Dalton Collateral by
execution of a quit claim deed in favor of First Bank of Dalton in
complete satisfaction of and for a credit in the amount of the
Class 6 Secured Claim.  The credit will be applied to the debt and
reduce the Debt accordingly as to all obligors.  The effect of the
surrender on the USDA RD guarantee is beyond the scope of this
bankruptcy, as the Debtor is not a party to the guarantee
agreement.  The Debtor's transfer and surrender of the First Bank
of Dalton Collateral pursuant to the quit claim deed will be
subject only to outstanding ad valorem property tax claims.
Accordingly, First Bank of Dalton's Class 6 Secured Claim will be
satisfied in full by the surrender as to all obligors.

The source of funds for the payments pursuant to the Plan is the
continued operation of the sawmill, chip plant, planning mill and
power plant and from contributions by Harold Sutton and Doyle
Sutton.  The Debtor intends to incrementally increase inventory
purchases, which will ultimately increase revenues and allow the
Debtor to become self-sustaining once again.  The Debtor
additionally intends to increase production at the sawmill by
installing a grading station.  The Debtor will pay the
administrative expense claims and assist in funding the operating
needs of the Debtor from the new value included in Class 8 of the
Plan or from a contribution by Harold Sutton and Doyle Sutton if a
new value contribution under Class 8 is not applicable.

The Debtor intends to lease or sell part of Debtor's business and
property or sell or refinance the whole of Debtor's business and
property to satisfy the balloon payments in the Plan.  

In the event First Bank of Dalton does elect Option B in Class 6,
Debtor's plan payments will be funded by contributions by Harold
Sutton and Doyle Sutton sufficient to fund the payments.  

The Debtor intends to hire Marsh Risk Consulting to appraise
Debtor's machinery and equipment.  Upon the Debtor's information
and belief, the appraiser should be able to inspect the M&E in
January 2017 and issue a report in mid-February 2017.  The Debtor
intends to file an application seeking approval of the employment.


The Disclosure Statement is available at:

           http://bankrupt.com/misc/ganb16-40233-75.pdf

As reported by the Troubled Company Reporter on Dec. 14, 2016, the
Debtor filed a plan proposing that unsecured creditors get 2.6% of
their claims under the company's latest plan to exit Chapter 11
protection.  Under that plan, each holder of a Class 7 general
unsecured claim would share pro rata in 60 monthly payments of $500
or an estimated total distribution of $30,000.

                       About Sutton Lumber

Headquartered in Tennga, Georgia, Sutton Lumber Co., Inc., operates
a sawmill, planning mill, chip mill and power plant located on
property owned by the Debtor.  At the sawmill, the Debtor converts
logs that it purchases from third parties into lumber.  At the
planning mill, the Debtor takes cut and seasoned boards or lumber
from the sawmill and turns them into finished, smoothed,
dimensional lumber for various uses by its customers.  At the chip
mill, the Debtor grinds whole logs into wood chips for use in paper
for the Debtor's customers.  At the power plant, the Debtor
generates power which it uses to run its operations and sells the
excess power to the Tennessee Valley Authority.  The Debtor is
owned by Harold Sutton and Doyle Sutton.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. N.D.
Ga. Case No. 16-40233) on Feb. 1, 2016, estimating its assets at up
to $50,000 and its liabilities at between $1 million and $10
million.  The petition was signed by Harold Sutton, president.

Judge Paul W. Bonapfel presides over the case.

Leslie M. Pineyro, Esq., at Jones And Walden, LLC, serves as the
Debtor's bankruptcy counsel.


TAUREN EXPLORATION: Creditor Files Ch. 11 Liquidating Plan
----------------------------------------------------------
Gloria's Ranch, LLC, asked the U.S. Bankruptcy Court for the
Northern District of Texas to conditionally approve the outline of
its proposed Chapter 11 plan of liquidation for Tauren Exploration,
Inc.

The request, if granted by the court, would allow the creditor to
begin soliciting votes for the plan.

In the same filing, Gloria's Ranch also asked the court to schedule
a hearing for final approval of the disclosure statement and
confirmation of the liquidating plan.

The plan filed on Dec. 12 proposes the formation of a trust for the
benefit of creditors holding unsecured claims against Tauren
Exploration.  The purpose of the trust is to liquidate assets of
the company, including the pursuit of claims against its insiders.


The liquidating trust will be self-funded from recoveries plus a
$10,000 carve-out from the disposition of the collateral securing
Gloria's Ranch's secured claim.  The net recoveries will be
distributed by the liquidating trustee to creditors.

The plan classifies claims against and interests in Tauren
Exploration into six classes.  Class 4 unsecured claims and
Gloria's Ranch's Class 3 secured claim are both impaired under the
plan.  Holders of these claims are entitled to vote.

Meanwhile, all equity interests in Tauren Exploration will be
canceled, according to court filings.

Gloria's Ranch is represented by:

     Howard C. Rubin, Esq.
     Daniel P. Callahan, Esq.
     Kessler & Collins
     2100 Ross Avenue, Suite 750
     Dallas, TX 75201
     Office: (214) 379-0722
     Fax: (214) 373-4714

          -- and --

     R. Joseph Naus, Esq.
     John S. Hodge, Esq.
     Wiener, Weiss & Madison
     A Professional Corporation
     333 Texas Street, Suite 2350 (71101)
     P. O. Box 21990
     Shreveport, LA 71120-1990
     Phone: (318) 226-9100
     Fax: (318) 424-5128
     Email: rjnaus@wwmlaw.com
     Email: jhodge@wwmlaw.com

                    About Tauren Exploration

Tauren Exploration, Inc. filed a Chapter 11 petition (Bankr. N.D.
Tex. Case No. 16-32188) on June 3, 2016.  The Debtor is represented
by Frank L. Broyles, Esq.


TAUREN EXPLORATION: Files Own Ch. 11 Reorganization Plan
---------------------------------------------------------
Tauren Exploration, Inc., filed with the U.S. Bankruptcy Court for
the Northern District of Texas a disclosure statement referring to
the Debtor's plan of reorganization.

Class 4 -- Unsecured Claims -- estimated at between $22,000,000 and
$23,000,000 -- is impaired under the Plan.  

On the Effective Date, the liquidating trust assets will vest in
the Liquidating Trust free and clear of all Claims, equity
Interests, Liens, charges or other encumbrances.

On the Effective Date, the retained appellate interests will vest
in the Liquidating Debtor free and clear of all claims, equity
interests, liens, charges or other encumbrances.  For so long as
any retained appellate interests exist, the Liquidating Debtor will
continue to exist and the Liquidating Trustee on the Effective Date
will be appointed the sole member, director and officer of the
Liquidating Debtor but with no power to affect the retained
appellate interests.

Upon the cessation of the retained appellate interests, the
Liquidating Trustee is authorized, without the need for any further
action or formality which might otherwise be required under
applicable non-bankruptcy laws, to dissolve the Liquidating Debtor
or to merge the Liquidating Debtor into the Liquidating Trust.

The Disclosure Statement is available at:

             http://bankrupt.com/misc/txnb16-32188-87.pdf

The Plan was filed by the Debtor's counsel:

     Howard C. Rubin, Esq.
     Daniel p. Callahan, Esq.
     KESSLER & COLLINS, P.C.  
     2100 Ross Avenue, Suite 750
     Dallas, Texas 75201
     Tel: (214) 379-0722
     Fax: (214) 373-4714

          -- and --

     R. Joseph Naus, Esq.
     John S. Hodge, Esq.
     WIENER WEISS & MADISON
     333 Texas Street, Suite 2350
     P.O. Box 21990
     Shreveport, Louisiana 71120
     Tel: (318) 226-9100
     Fax: (318) 424-5128
       
                       About Tauren Exploration

Tauren Exploration, Inc., is an oil and natural gas exploration,
production, and procurement company.  The Debtor is headquartered
in Dallas, Texas, with an additional office in Garland.  Calvin A.
Wallen, III, serves as its Chief Executive Officer.

The Debtor filed a Chapter 11 petition (Bankr. N.D. Tex. Case No.
16-32188) on June 3, 2016.


TAXOPARK INC: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: Taxopark Inc.
        25 E. 86th Street, Apt 9F
        New York, NY 10028

Case No.: 16-13570

Chapter 11 Petition Date: December 23, 2016

Court: United States Bankruptcy Court
       Southern District of New York (Manhattan)

Debtor's Counsel: Michael J. Naporano, Esq.
                  PORZIO, BROMBERG & NEWMAN P.C.
                  156 West 56th Street, Suite 803
                  New York, NY 10019
                  Tel: 212-265-6888
                  E-mail: mjnaporano@pbnlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Evgeny A. Freidman, president.

The Debtor did not include a list of its largest unsecured
creditors when it filed the petition.

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

          http://bankrupt.com/misc/nysb16-13570.pdf


TEXAS LEADERSHIP: S&P Affirms 'BB-' Rating on 2013 Revenue Bonds
----------------------------------------------------------------
S&P Global Ratings revised its outlook to stable from negative and
affirmed its 'BB-' rating on Texas Leadership Charter Academy
(TLCA), Texas' tax-exempt series 2013Q (direct pay qualified school
construction bonds, or QSCBs), tax-exempt series 2013A, and taxable
2013B education revenue bonds.

"The revised outlook reflects our view of TLCA's expected
operational improvement in fiscal 2016 and into fiscal 2017," said
S&P Global Ratings credit analyst Ryan Quakenbush.  "The school
projects improvement in its maximum annual debt service coverage as
well as growth in unrestricted reserves," Mr. Quakenbush added.

S&P understands that the school has resolved its outstanding
covenant violations and expects to remain in compliance with them
for fiscal 2016.

TLCA is an open-enrollment public charter school with campuses in
San Angelo, Midland, Arlington, and Abilene, Texas.  TLCA operates
its campuses as a single charter school.  TLCA was founded in 2009
and is in its sixth year.


THAMAR LI: Disclosure Statement Hearing Set for Feb. 2
------------------------------------------------------
Judge Edward A. Godoy of the U.S. Bankruptcy Court for the District
of Puerto Rico will convene a hearing on Feb. 2, 2016 at 9:30 a.m.
To consider and rule upon the adequacy of the disclosure statement
filed by Thamar Li Construction & Rental Corp.

Objections to the form and content of the disclosure statement
should be filed with the court and served upon parties in interest
not less than 14 days prior to the hearing.

Thamar Li Construction & Rental Corp. filed a Chapter 11 petition
(Bankr. D.P.R. Case No. 16-05930), on July 27, 2016, listing under
$1 million in both assets and liabilities.  Nydia Gonzalez
Ortiz,
Esq., at SANTIAGO & GONZALEZ, serves as counsel to the Debtor.



THAMAR LI: Unsecured Creditors To Be Paid 16.92% Over 5 Years
-------------------------------------------------------------
Unsecured creditors of Thamar Li Construction & Rental Corp. will
get 16.92 % of their claims under the company's proposed plan to
exit Chapter 11 protection.

The restructuring plan proposes to pay Class 3 general unsecured
creditors 16.92 % of their claims pro rata over five years.  

Thamar Li's schedules show it owes $227,504.82 to creditors holding
general unsecured claims.  As of Dec. 13, the claims asserted by
unsecured creditors that have filed or that have to correct the
amount of their claims total $ 188,636.11.

The funds to execute the restructuring plan will be obtained from
the sale of real property, and income from Thamar Li's continuation
of its business, according to the company's disclosure statement
filed on Dec. 13 with the U.S. Bankruptcy Court for the District of
Puerto Rico.

A copy of the disclosure statement is available for free at
https://is.gd/lgnv1S

                  About Thamar Li Construction

Thamar Li Construction & Rental Corp. filed a Chapter 11 petition
(Bankr. D.P.R. Case No. 16-05930), on July 27, 2016, listing under
$1 million in both assets and liabilities.  Nydia Gonzalez Ortiz,
Esq., at Santiago & Gonzalez, serves as counsel to the Debtor.


TMT PROCUREMENT: Files Plans of Liquidation
-------------------------------------------
TMT Procurement Corp. and affiliates filed with the U.S. Bankruptcy
Court for the Southern District of Texas an omnibus disclosure
statement for their plans of liquidation, a full-text copy of which
is available at http://bankrupt.com/misc/txsb13-33763-2682.pdf

The Debtors are proposing two plans of liquidation. The Plans
provide for the allocation of $1,942,850.46 among each of the Plan
Asset Debtors pro rata to their cash in the 345 Account.

The First Plan Debtors are those Debtors that are not appellees in
the Sale Court Appeals or defendants in the Patent Litigation.
First Plan Debtors include E Whale Corporation (EWAC); A Duckling
Corporation (CLAC); and A Handy Corporation (AHC).  The Second Plan
Debtors are those Debtors who are appellees in the Sale Court
Appeals and/or defendants in the Patent Litigation. Second Plan
Debtors include A Whale Corporation (AWAC); B Whale Corporation
(BWAC); and F Elephant Inc (FEI).

Funds in the 345 Account or the Plan Entity Trust Account, as the
case may be, not dedicated to another purpose shall be applied in
payment of, or reserved for the future payment of, the following
costs in the following order of priority:

   (i) Administrative Expenses and US Trustee Fees.

  (ii) Professional Fee Claims.

(iii) A reserve for the funding of the Plan Entity Trust Account
for post- Effective Date fees and expenses.

  (iv) Priority Tax Claims.

   (v) Any Available Amounts for a Debtor after payment of the
foregoing will be distributed to the holders of Allowed General
Unsecured Claims against such Debtor, subject to the special issues
relating to FEI.

  (vi) Any Available Amounts for a Debtor after payment of the
foregoing will be distributed to the holders of Allowed Debtor
Affiliate Claims against such Debtor.

(vii) Any Available Amounts for a Debtor after payment of the
foregoing will be distributed to the holders of Allowed Non-Debtor
Affiliate Claims against such Debtor.

(viii) Any remaining Available Amounts for a Debtor after payment
of the foregoing will be distributed to the holders of Allowed
Interests in such Debtor.

All funds transferred out of the 345 Account together with all
estate funds available or recovered from time to time, will be
deposited into the Plan Entity Trust Account, which shall be
separate from the continuing Escrow Account.  All funds in the Plan
Entity Trust Account will be segregated on an accounting basis as
among the funds attributable to each Debtor with an interest in
such funds in excess of the amounts to be paid by TPR prior to
Allowed General Unsecured Claims. Upon such transfer, the 345
Account shall be closed. Except as otherwise provided in the Plans
or the Confirmation Order, all distributions to be made to the
holders of Allowed Claims against a Debtor shall be limited to the
estate funds available to or recovered by that Debtor from time to
time in the Plan Entity Trust Account.

                      About TMT Group

Known in the industry as TMT Group, TMT USA Shipmanagement LLC and
its affiliates own 17 vessels.  Vessels range in size from 27,000
dead weight tons (dwt) to 320,000 dwt.

TMT USA and 22 affiliates, including C. Ladybug Corporation, sought
Chapter 11 protection (Bankr. S.D. Tex. Lead Case No. 13-33740) in
Houston, Texas, on June 20, 2013 after lenders seized seven
vessels.

TMT filed a lawsuit in U.S. bankruptcy court aimed at forcing
creditors to release the vessels so they can return to generating
income.

TMT has tapped attorneys from Bracewell & Giuliani LLP as
bankruptcy counsel and AlixPartners as financial advisors.

On a consolidated basis, the Debtors have $1.52 billion in assets
and $1.46 billion in liabilities.


TOOLING SCIENCE: Unsecureds To Recover 35% Under Plan
-----------------------------------------------------
Tooling Science, Inc., filed with the U.S. Bankruptcy Court for the
District of Minnesota a disclosure statement dated Dec. 12, 2016,
referring to the Debtor's plan of reorganization.

Class III - General Unsecured Claims are in the approximate amount
of $853,000.  The holder of a Class III allowed claim will be paid
the pro rata share of $300,000 or approximately 35% of the total of
all unsecured claims, over time.  The payment of the sum will be
made in 12 semi-annual payments as follows: $25,000 on Dec. 31,
2017, with payments continuing in the same amount on June and Dec.
31st each year thereafter until the $300,000 has been fully paid
out.  These payments will be in full satisfaction of each allowed
unsecured claim.

The Debtor, after confirmation, will continue to manage its affairs
and assets and will disburse funds, serving as required as
disbursing agent.  The Debtor will remain responsible for operating
the business, paying its expenses and making distributions to
creditors as set forth in the Plan.  The Debtor will provide or
payout of operating funds for all of the Debtor's administrative
expenses and business debts in the ordinary course of business.

The Disclosure Statement is available at:

            http://bankrupt.com/misc/mnb16-41999-45.pdf

The Plan was filed by the Debtor's counsel:

     Thomas 1. Flynn, Esq.
     LARKIN HOFFMAN DALY & LINDGREN LTD.
     8300 Norman Center Drive, Suite 1000
     Minneapolis, MN 55437-1060
     Tel: (952) 835-3800
     E-mail: tflynn@larkinhoffman.com

                   About Tooling Science

Tooling Science, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Minn. Case No. 16-41999) on June 30,
2016.  The petition was signed by Brian Burley, president.

The case is assigned to Judge Hon. William J Fisher.

At the time of the filing, the Debtor estimated its assets at $0 to
$50,000 and liabilities at $1 million to $10 million.

The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in
the
Chapter 11 case of Tooling Science, Inc.


TRILOGY INT'L: S&P Puts 'B-' CCR on CreditWatch Positive
--------------------------------------------------------
S&P Global Ratings said that it placed its ratings on Trilogy
International Partners Inc. on CreditWatch with positive
implications, including its 'B-' long-term corporate credit rating
and 'CCC' issue-level rating on the company's senior secured notes.


The CreditWatch placement follows the announcement that Alignvest
Acquisition Corp. will acquire up to 51% equity interest in
Trilogy.  Proceeds from the transaction will be primarily used to
reduce leverage.  Trilogy intends to use cash from this transaction
with a new credit facility to be sought in 2017 to refinance its
senior secured notes and reduce its debt service obligations.

The acquisition is expected to close in the first quarter of 2017,
subject to shareholder approval and the satisfaction of certain
conditions.

                            CREDITWATCH

S&P will resolve the CreditWatch placement once the acquisition
closes and key transaction details emerge, including shareholder
approvals, potential capital structure changes, final liquidity
position, and management's strategy and financial policies.  S&P
will evaluate the issue-level ratings once final details become
available.


VANGUARD HEALTHCARE: Hearing on Disclosures Set For Jan. 10
-----------------------------------------------------------
The Hon. Randal S. Mashburn of the U.S. Bankruptcy Court for the
Middle District of Tennessee will hold on Jan. 10, 2017, at 9:00
a.m. the hearing to consider the approval of Vanguard Healthcare,
LLC, et al.'s disclosure statement.

Objections to the Disclosure Statement must be filed by Jan. 3,
2017.

As reported by the Troubled Company Reporter on Dec. 21, 2016, the
Debtors filed with the Court a disclosure statement referring to
the Debtors' plan of reorganization dated Nov. 30, 2016.  Under the
Plan, Class 5 Unsecured Claims are impaired.  Unless earlier paid
upon a sale of a facility as provided under the Plan, allowed
claims within this class will be paid in the aggregate amount equal
to 100% of the allowed claim in 14 semi-annual installments paid
with interest at the fixed rate of 4.5% over a period of seven
years with the first installment starting on the later of (i) the
Effective Date of the Plan, or (ii) the first day of the first full
month following the determination of the allowed claim, and then
semi-annually for seven years.

                     About Vanguard Healthcare

Vanguard is a long-term care provider headquartered in Brentwood,
Tennessee, providing rehabilitation and skilled nursing services at
14 facilities in four states (Florida, Mississippi, Tennessee and
West Virginia).

Vanguard Healthcare, LLC, and 17 of its subsidiaries each filed a
Chapter 11 bankruptcy petition (Bankr. M.D Tenn. Lead Case No.
16-03296) on May 6, 2016.  The petitions were signed by William D.
Orand, the CEO.  The cases are assigned to Judge Randal S.
Mashburn.

Vanguard estimated assets in the range of $100 million to $500
million and liabilities of up to $100 million.

The Debtors have hired Bradley Arant Boult Cummings LLP as counsel
and BMC Group as noticing agent.

The U.S. Trustee for Region appointed seven creditors of Vanguard
Healthcare, LLC, to serve on the official committee of unsecured
creditors. The committee members are Kindred Nursing Centers East,
L.L.C., Medline Industries, Inc., Healthcare Services Group, Inc.,
Kirk F. Hebert, Signature Healthcare, LLC, et al., Express
Courier, and Rezult Group, Inc.


VAPOR CORP: Amends Warrants Tender Offer
----------------------------------------
Vapor Corp. announced that it has supplemented and amended its
tender offer to purchase its outstanding Series A Warrants to
clarify that holders of the Series A warrants may only accept the
Offer by tendering Series A Warrants (by book entry transfer) prior
to the expiration date and that there are no guaranteed delivery
procedures available in connection with the acceptance of the
offer.  As previously announced, the Company's offer to purchase
and withdrawal rights will expire on midnight, Eastern time, on
Jan. 9, 2017, unless extended.  Vapor is seeking to purchase up to
32,262,152 of its outstanding Series A Warrants at a purchase price
of $0.22 per warrant in cash, without interest, for an aggregate
purchase price of up to approximately $7.1 million.

Holders of Series A Warrants wishing to participate in the tender
offer should follow the procedures set forth in the Company's offer
to purchase dated Dec. 7, 2016, and the related letter of
transmittal.

Okapi Partners is acting as the information agent for the Offer,
and the depositary for the Offer is Equity Stock Transfer, LLC. The
Offer to Purchase, the Letter of Transmittal and related documents
have been distributed to holders of the Series A Warrants.  For
questions and information, please call the information agent at
(877) 629-6356 (banks and brokers call (212) 297-0720).

A full-text copy of the Amended SCHEDULE TO is available at:

                  http://tinyurl.com/j2rhwqc

                       About Vapor Corp

Vapor Corp. operates 20 vape stores in the Southeastern United
States and online where it sells vaporizers, liquids for vaporizers
and e-cigarettes.  The Company also designs, markets and
distributes electronic cigarettes, vaporizers, e-liquids and
accessories under the Vapor X, Hookah Stix, Vaporin, Krave, and
Honey Stick brands.  "Electronic cigarettes" or "e-cigarettes," and
"vaporizers" are battery-powered products that enable users to
inhale nicotine vapor without fire, smoke, tar, ash, or carbon
monoxide.  The Company also designs and develops private label
brands for its distribution customers.  Third party manufacturers
manufacture the Compoany's products to meet its design
specifications.  The Company markets its products as alternatives
to traditional tobacco cigarettes and cigars.  In 2014, as a
response to market product demand changes, Vapor began to shift its
primary focus from electronic cigarettes to vaporizers.

Vapor Corp reported a net loss allocable to common shareholders of
$36.26 million in 2015 following a net loss allocable to common
shareholders of $13.85 million in 2014.  As of Sept. 30, 2016,
Vapor Corp. had $20.76 million in total assets, $48.72 million in
total liabilities and a total stockholders' deficit of $27.95
million.
  
Marcum LLP, in New York, NY, issued a "going concern" qualification
on the consolidated financial statements for the year ended Dec.
31, 2015, citing that Company has incurred net losses and needs to
raise additional funds to meet its obligations and sustain its
operations.  In addition, the Company currently does not have
enough authorized common shares to settle all of its outstanding
warrants if those warrants were exercised pursuant to their
cashless exercise provisions.  As a result, the Company could be
required to settle a portion of these warrants with cash. These
conditions, the auditors said, raise substantial doubt about the
Company's ability to continue as a going concern.


VIKING CONSTRUCTORS: Unsecureds To Receive 5% Under Plan
--------------------------------------------------------
Viking Constructors, LLC, filed with the U.S. Bankruptcy Court for
the District of Alaska a combined chapter 11 plan of reorganization
and disclosure statement in which general unsecured creditors will
receive 5% of their allowed claim.

Class 3 is comprised of the general unsecured claims of North Star
Terminal, Ugashik Trad. Village, and the U.S. Coast Guard.  Allowed
claims of general unsecured creditors will be paid as follows:
Creditors will receive 5% payment of their allowed claim on the
Effective Date and the remainder of their claim from (i) Icicle
litigation proceeds, (ii) Thor's Hammer sale proceeds, or (iii) if
a sale is not consummated before November, 2019, 5% of their claims
on Dec. 30, 2017 and Dec. 30, 2018. This class is impaired under
the plan.

The Debtor has three sources of funding its plan: First, the Debtor
is trying to sell or refinance its vessel, Thor's Hammer to payoff
its creditors. Second, if Thor's Hammer does not sell before Oct.
2019, the Debtor will operate Thor's Hammer in the 2017, 2018 and
2019 fishing seasons generating sufficient net income to pay its
secured claim. Third, Debtor is prosecuting a $137,500 breach of
contract claim against Icicle Seafoods.

A full-text copy of the Disclosure Statement is available at:

          http://bankrupt.com/misc/akb16-00126-57.pdf

                    About Viking Constructors

Viking Constructors, LLC, sought protection under Chapter 11 of
the
Bankruptcy Code in the District of Alaska (Anchorage) (Case No.
16-00126) on May 2, 2016. The petition was signed by Ken Bozinoff,
managing member.

The Debtor is represented by Erik LeRoy, Esq., at Erik LeRoy, P.C.

The case is assigned to Judge Elizabeth Magner.

The Debtor disclosed total assets of $1.94 million and total
debts of $526,157.


WANK ADAMS: Creditors Seek Appointment of Ch. 11 Trustee
--------------------------------------------------------
Jack Esterson, Pamela Jerome, Jerry Pessah, Martin H. Kapell, and
Think! Architecture and Design PLLC ask Judge Michael E. Wiles of
the U.S. Bankruptcy Court for the Southern District of New York to
enter an Order directing the appointment of a Chapter 11 Trustee
for Wank Adams Slavin Associates LLP, a/k/a Wasa Studio.

The creditors ask the Court to schedule a hearing for January 24,
2017, to consider approval of their motion.

The Counsel for the Movants is:

         Laura-Michelle Horgan, Esq.
         555 Theodore Fremd Avenue
         Rye, NY 10580
         Tel.: (914) 381-7600
         Fax: (914) 381-7608
         Email: lhorgan@dorflaw.com

                About Wank Adams

Wank Adams Slavin Associates LLP filed a Chapter 11 petition
(Bankr. S.D.N.Y. Case No. 15-11952) on July 27, 2015.  The petition
was signed by Harry Spring, senior managing partner. The Debtor is
represented by Nancy L. Kourland, Esq., at Rosen & Associates, P.C.
The Debtor disclosed that as of June 30, 2015, it had total assets
of $659,400 and total liabilities of $1,500,000.

The Debtor hired Lewis Brisbois Bisgaard & Smith LLP as special
litigation counsel.


WEEKLEY HOMES: S&P Affirms 'B+' CCR & Revises Outlook to Negative
-----------------------------------------------------------------
S&P Global Ratings said it revised the rating outlook on Weekley
Homes LLC to negative from stable and affirmed the 'B+' corporate
credit rating on the company.  S&P also affirmed the 'B+'
issue-level rating on the company's senior unsecured notes due
2023.  The recovery rating of '3' is unchanged, reflecting
meaningful (50%-70%; lower half of the range) recovery in the event
of default.

"Our negative outlook reflects our expectation that leverage will
be temporarily high for the current rating at close to 6x at
year-end 2016, and our forecast for home closing growth and
stabilizing gross margins in 2017 sufficient to drive leverage back
down to 5x but also recognizes some downside risk to our forecast
if the company's Houston exposure continues to negatively affect
performance and gross margins continue to deteriorate," said S&P
Global Ratings credit analyst Christopher Andrews.

S&P might lower its corporate credit rating on the company in the
event that S&P's forecast leverage improvement does not materialize
and profitability worsens such that S&P believes debt to EBITDA
will remain above 5x on a sustained basis.  This may be a result of
prolonged weakness in the Houston market and its impact on the
company's growth and profitability.  Sustained weaker profitability
may also lead S&P to reexamine its assessment of the company's
business risk profile to weak from fair.

S&P may consider returning the outlook to stable if leverage
improves faster than S&P anticipates and it become more confident
in the company's ability to maintain debt to EBITDA below 5x.  S&P
views an upgrade as unlikely over the next 12 months based on its
expectation of elevated leverage.


WHITING PETROLEUM: S&P Raises CCR to 'BB-' on Improved Leverage
---------------------------------------------------------------
S&P Global Ratings raised its corporate credit rating on
Denver-based Whiting Petroleum Corp. to 'BB-' from 'B+'.  The
outlook is stable.

At the same time, S&P raised the issue-level rating on the
company's senior secured credit facility to 'BB+' from 'BB'; the
recovery rating remains '1', indicating S&P's expectation of very
high (90%-100%) recovery in the event of a payment default.  S&P
also raised its issue-level rating on the company's senior
unsecured debt to 'BB-' from 'B+'; the recovery rating remains '3',
indicating S&P's expectation of meaningful (now upper end of the
50%-70%) recovery in the event of a payment default.  S&P also
raised its issue-level rating on the company's subordinated debt to
'B' from 'B-'.  The recovery rating on this debt remains '6',
indicating S&P's expectation of negligible (0%-10%) recovery in the
event of default.

"We are raising the corporate credit rating to 'BB-' from 'B+' due
to our expectation of improved credit measures over the next two
years following the $721 million senior unsecured and senior
subordinated mandatory conversions, which we expect to be completed
on Dec. 19," said S&P Global Ratings credit analyst Kevin Kwok.
"We now estimate Whiting will maintain FFO/debt in the 15% to 20%
range over the next two years and will keep capital spending close
to cash flows in 2017.  As a result, we are revising the rating
outlook on Whiting to stable."

The stable outlook reflects S&P's view that management will spend
close to cash flows in 2017 while maintaining FFO to debt above 12%
over the next two years.

S&P could lower the rating if FFO/debt fell and remained below 12%
for a sustained period, or if liquidity deteriorated.  S&P believes
this could occur if the company pursued a more aggressive capital
spending program than S&P currently forecasts, production fell
short of S&P's current projections, or oil prices remained below
S&P's current price deck over a sustained period and the company
did not further rein in capital spending or costs.

S&P could raise the rating if Whiting broadened its scale, scope,
and diversity while bringing FFO/debt above 20% for a sustained
period.  This would most likely occur if the company were able to
increase production and reserves beyond S&P's current expectations
while keeping capital spending in line with cash flows.


WILLIAM CONTRACTOR: Files Revised Disclosure Statement
------------------------------------------------------
William Contractor Inc. filed with the U.S. Bankruptcy Court for
the District of Puerto Rico its latest disclosure statement, which
explains the company's proposed Chapter 11 plan.

The plan classifies Banco Popular de Puerto Rico's unsecured claim
in Class 5.  The bank, which holds a lien against William
Contractor's real estate, asserts a $549,658 claim.  Banco Popular
has already filed a proceeding related to the property in a local
court.

William Contractor will provide payment to Banco Popular's allowed
secured claim up to the remaining debt or value of the collateral,
or pursuant to agreement between the parties if the property is not
auctioned before the payment.   Class 5 is impaired, according to
the company's disclosure statement filed on Dec. 13.

A copy of the first amended disclosure statement is available for
free at https://is.gd/mOAMiy

                    About William Contractor

Headquartered in Aguada, Puerto Rico, William Contractor Inc. filed
for Chapter 11 bankruptcy protection (Bankr. D.P.R. Case No.
15-06311) on Aug. 18, 2015, listing $6.38 million in total assets
and $2.56 million in total liabilities.  The petition was signed by
Lymari Benique Moralez, vice president - secretary.

Damaris Quinones Vargas, Esq., at Bufete Quinones Vargas & Asoc
serves as the Debtor's bankruptcy counsel.


WISPER II: To Assume EBC Spectrum Lease Agreement
-------------------------------------------------
Wisper II, LLC, filed with the U.S. Bankruptcy Court for the
Western District of Tennessee a first amended disclosure statement
explaining its plan of reorganization.

Class 3 consists of the unpaid balances of $40,988 due to
Educational Broadband Corporation, which arose prior to Wisper II's
case pursuant to (a) that certain spectrum lease agreement dated
March 9, 2012 and (b) that certain Assignment and Transfer of
Judgment and Settlement Agreement dated March 8, 2016, and an
additional unpaid balance of $38,376 arising under the spectrum
lease since the confirmation the plan in Wisper II's case.

Upon confirmation of the plan, the Debtor's spectrum lease
agreement will be assumed. EBC's pre-Wisper II confirmation
arrearage will be paid out of its collection of the Abernathy
judgment. EBC's post-confirmation arrearage in the amount of
$38,376 will be paid in cash on the Date. To the extent EBC's claim
of $40,988 is not satisfied from its interest in the Abernathy
judgment, the claim will be paid in monthly installments commencing
30 days after EBC gives notice to the Reorganized Debtor as to the
amount of the claim which is not
satisfied by the Abernathy judgment. Class 3 is impaired.

Class 4 consists of the contingent unsecured claims of (a) NTCH
West Tennessee Inc. in the amount of $85,787, (b) Ally Finance
Corporation in the amount of $110,499 and (c) Kizer Bond Hughes in
the amount of $ 17,861 for unpaid administrative claims incurred in
the prior bankruptcy case of Wisper, LLC. To the extent these
claims are not paid pursuant to that certain Assignment and
Transfer of Judgment and Settlement Agreement dated March 8, 2016
or Kizer's attorney’s lien on the judgment the claim will be paid
in full from the future operating cash flow of the Debtor in
monthly installments. The claim will be paid in monthly
installments commencing thirty days after the Class 4 claimant
gives notice to the Reorganized Debtor as to the amount of the
claim which is not satisfied by the Abernathy judgment. Class 4 is
impaired.

The Debtor will continue to operate its business. The Debtor will
make payments to each class of creditors under the Plan out of its
existing cash, future Cash Flow, and capital infusions, if any,
made to Debtor by a third party as necessary to satisfy plan
payments.

A full-text copy of the Disclosure Statement is available at:

        http://bankrupt.com/misc/tnwb16-10594-75.pdf 

                      About Wisper II

Wisper II, LLC, filed for Chapter 11 bankruptcy protection (Bankr.
W.D. Tenn. Case No. 16-10594) on March 29, 2016.  The petition
was
signed by Thomas P. Farrell, general manager.

The Debtor is a Tennessee limited liability company which is in
the
business of providing wireless internet access service to
customers
in a large area of West Tennessee.  Its principal place of
business
is at 1378 N. Cavalier Drive, Alamo, Tennessee 38001.  

The Debtor's principal assets consist of its customer accounts,
leasehold interests relating to tower leases and ownership of
towers, and equipment related to providing wireless internet
service.

The Debtor is the successor to a Tennessee Limited Liability
Company Wisper, LLC, formed on Sept. 21, 2009.  It filed for
Chapter 11 bankruptcy protection in 2013.  On Jan. 27, 2014, the
Court confirmed a Plan of Reorganization filed by certain
creditors.  Pursuant to the confirmed Plan, Wisper II was formed
and certain unsecured creditors converted all or part of their
unsecured claims into membership interests in Wisper II.  Wisper
II
started its operations on Feb 5, 2014.

The Debtor is represented by Michael P. Coury, Esq., at Glankler
Brown PLLC.  The case is assigned to Judge Jimmy L. Croom.

The Debtor estimated both assets and liabilities in the range of
$1 million to $10 million.

No official committee of unsecured creditors has been appointed in
the Chapter 11 case of Wisper II, LLC.


WORLDS ONLINE: Incurs $51,000 Net Loss in Third Quarter
-------------------------------------------------------
Worlds Online Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
attributable to the Company's common shareholders of $50,986 on
$647,440 of total revenues for the three months ended June 30,
2016, compared to a net loss attributable to the Company's common
shareholders of $336,955 on $54,512 of total revenues for the three
months ended June 30, 2015.

For the six months ended June 30, 2016, Worlds Online reported a
net loss attributable to the Company's common shareholders of
$146,366 on $1.26 million of total revenues compared to a net loss
attributable to the Company's common shareholders of $545,149 on
$150,747 of total revenues for the same period a year ago.

As of June 30,2016, Worlds Online had $5.84 million in total
assets, $7.35 million in total liabilities and a total
stockholders' deficit of $1.51 million.

The Company raised $950,000 during the six months ended June 30,
2016, from issuing notes payable and the Company converted $589,332
in notes payable and interest payable into equity in Mia
Development Class A shares in order to fund MariMed's business
operations.  The Company expects to continue to pursue additional
sources of capital though the Company has no current arrangements
with respect to, or sources of, additional financing at this time
and there can be no assurance that any such financing will become
available.

MariMed raised $1.525 million during the six months ended June 30,
2015, to fund business operations.

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

                    https://is.gd/VAu1dW

                    About Worlds Online

Based in Brookline, Mass., Worlds Online Inc. currently operates in
two separate segments with one segment being a 3D entertainment
portal which leverages its proprietary licensed technology to offer
visitors a network of virtual, multi-user environments which the
Company calls "worlds" and the second segment, MariMed Advisors,
being a management company in the medical cannabis industry.

For the year ended Dec. 31, 2015, Worlds Online reported a net loss
of $1.84 million following a net loss of $7.42 million in 2014.

L&L CPAS, PA, in Cornelius, NC, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has suffered recurring
operating losses, has an accumulated stockholders' deficit, has
negative working capital, has had minimal revenues from operations,
and has yet to generate an internal cash flow that raises
substantial doubt about its ability to continue as a going concern.


[*] Fitch Publishes Inaugural High-Yield Oil & Gas Handbook
-----------------------------------------------------------
Fitch's inaugural High-Yield Exploration and Production (E&P)
handbook titled The Drill Bit Docket - North American High-Yield
Exploration and Production Handbook analyses 17 companies across
the 'BB' and below rating spectrum. The companies represent a wide
disparity, and vary by daily production rates, total debt
outstanding, and hedging strategies, amongst others. Each company
profile highlights the credit rating summary, key rating drivers,
rating sensitivities, organizational structures, liquidity/maturity
profiles, and abridged covenant summaries of the companies' capital
structure.

E&P companies have undergone a tremendous amount of stress in the
last 24 months, resulting in mostly negative outcomes. Ratings have
demonstrated the most resilience at the 'BB' category. For
high-yield E&Ps monitored by Fitch, only one out of five 'BB' rated
company's retained its 'BB+'/Stable rating through the recent
correction. Downgrades at this level were capped at 2-3 notches
reflecting relatively higher asset quality, stronger balance sheet
and stable credit metrics. Negative actions were most severe at the
'B' category, with multi-notch down-grades slipping to default
ratings in a few cases.

The E&P default rate is forecasted to reach a multi-year record of
approximately 31% in 2016, according to Fitch. As oil prices
touched a 13-year low, and coincided with the peak of the
spring-borrowing base re-determination exercises, high-yield E&Ps
with the highest amount of borrowings under their revolvers and
hampered by severely eroded reserve values faced a liquidity crunch
leading to the acceleration of restructuring activity and
bankruptcy filings. Absent a material decline in prices or other
factors, Fitch expects E&P defaults will decline significantly in
2017 to 4%, as the pipeline for restructuring candidates has
thinned out, and oil prices are showing some stability following
the OPEC announcement.

The 2017 outlook for high-yield E&P remains mixed. The stronger
companies or those with savvy and experienced management teams are
being thoughtful about addressing upcoming maturities, managing
their balance sheets, and attempting to operate within FCF while
planning for a recovery in commodity prices. Companies are being
active with self-help measures to alleviate downside risk should
the market experience another price shock. For example, Fitch
observed active hedging during short periods of price stability,
and equity/hybrid issuances to address refinancing or other needs
in periods when bond market access for high yield E&Ps was
limited.

Overall, Fitch does not currently expect active positive ratings
migration trends for high-yield E&Ps in 2017, given elevated
inventory oil/gas levels, hedging at lower prices and the current
supply response to the recent rebound in oil prices, which could be
viewed as a longer term bearish signal for oil prices. Fitch
expects that high-yield E&Ps will continue to temper operational
momentum with cautious balance sheet and cash-flow management.
Against, this back-drop, Fitch does not expect additional "Fallen
Angels" in 2017 and anticipates limited "Rising Stars".



[*] S&P Hikes 2 Debt Ratings in US Building Materials Sector
------------------------------------------------------------
S&P Global Ratings said that it has reviewed its recovery and
issue-level ratings in the U.S. building materials and forest
products sectors for speculative-grade corporate issuers that were
labeled as "under criteria observation" (UCO) after publishing its
revised recovery ratings criteria on Dec. 7, 2016.  With S&P's
criteria review complete, it is removing the UCO designation from
these ratings and are revising issue-level and recovery ratings as
appropriate.

This release pertains to rated companies in the U.S. building
materials and forest products sectors.  The ratings list below is
arranged by rating action, alphabetically by issuer, and identifies
the debt types with ratings changes.

As an overview, S&P is raising the issue-level ratings on two rated
debt issues in the U.S. building materials sector, reflecting two
upgrades and no downgrades.  In each case, the upgrade resulted
from a revision to the recovery rating on the debt instrument.

In addition, S&P is revising the recovery rating on one rated debt
instrument to '3' from '4' and on another to '4' from '3', as a
result of S&P's new criteria.  Since these revisions do not result
in issue-level ratings changes, S&P is affirming the issue-level
ratings for the affected issues.

These rating actions stem solely from the application of S&P's
revised recovery criteria and do not reflect any change in its
assessment of the corporate credit ratings for issuers of the
affected debt issues.

RATINGS LIST

Issue Ratings Raised, Recovery Ratings Revised Due To Revised
Recovery Rating Criteria For Speculative-Grade Corporate Issuers

                                        To          From
New Enterprise Stone & Lime Co
Senior Secured                          B           B-
  Recovery Rating                       2L          3H

PGT Inc.
Senior Secured                         BB-         B+
  Recovery Rating                       2L          3H

Issue Ratings Affirmed, Recovery Ratings Revised Due To Revised
Recovery Rating Criteria For Speculative-Grade Corporate Issuers

DI Purchaser Inc.
Senior Secured                         B           B
  Recovery Rating                       3L          4L

Northwest Hardwoods Inc.
Senior Secured                         B           B
  Recovery Rating                       4L          3L

Issue Ratings Affirmed; Recovery Ratings Unchanged Due To Revised
Recovery
Rating Criteria For Speculative-Grade Corporate Issuers

New Enterprise Stone & Lime Co
Senior Unsecured                       CCC
  Recovery Rating                       6

DI Purchaser Inc.
Senior Secured 2nd-lien                CCC+
  Recovery Rating                       6


[*] S&P Reviews Ratings on US Tech Software on Criteria Revision
----------------------------------------------------------------
S&P Global Ratings said that it has reviewed several of its
recovery and issue-level ratings in the U.S. technology software
sector for speculative-grade corporate issuers that were labeled as
"under criteria observation" (UCO) after publishing its revised
recovery ratings criteria on Dec. 7, 2016.  With S&P's criteria
review complete, S&P is raising the issue-level ratings on 44 rated
debt issues and removing the UCO designation.  In each case, the
revision to the issue-level rating resulted from a revision to the
recovery rating on the debt instrument.

These rating actions stem solely from the application of S&P's
revised recovery criteria and do not reflect any change in its
assessment of the corporate credit ratings for issuers of the
affected debt issues.

RATINGS LIST

Issue Ratings Raised, Recovery Ratings Revised Due To Revised
Recovery Rating Criteria For Speculative-Grade Corporate Issuers

                                To              From
The Active Network Inc.
Lanyon Inc.
Senior Secured                 B+              B
  Recovery Rating               2L              3H

BMC Software Finance Inc.
Senior Secured                 B+              B
  Recovery Rating               2L              3H

Change Healthcare Holdings Inc.
Senior Secured                 BB-/Watch Dev   B+/Watch Dev
  Recovery Rating               1               2H

Deltek Inc.
Senior Secured                 B+/Watch Pos    B/Watch Pos
  Recovery Rating               2L              3H

DigiCert Inc.
Senior Secured                 B               B-
  Recovery Rating               2L              3H
Senior Secured                 CCC+            CCC
  Recovery Rating               5L              6

Endurance International Group Inc.
Senior Secured                 B+              B
  Recovery Rating               2L              3L

Flexera Software LLC
Senior Secured                 B-              CCC+
  Recovery Rating               5L              6

Idera Inc.
Senior Secured                 B-              CCC+
  Recovery Rating               5L              6

Infoblox Inc.
Senior Secured                 CCC+            CCC
  Recovery Rating               5L              6

Informatica LLC
Senior Secured                 B+              B
  Recovery Rating               2L              3L
Senior Secured                 B-              CCC+
  Recovery Rating               5L              6

iParadigms Holdings LLC
Senior Secured                 B               B-
  Recovery Rating               2L              3H

Kronos Inc.
Senior Secured                 B               B-
  Recovery Rating               2L              3H

Navex Global Holdings Co.
Senior Secured                 B               B-
  Recovery Rating               2L              3H

SolarWinds Holdings Inc.
Senior Secured                 B+              B
  Recovery Rating               2L              3H

Solera Holdings Inc.
Solera Finance Inc.
Solera Issuer Inc.
Senior Secured                 B+              B
  Recovery Rating               2L              3H

Sophia L.P.
Senior Secured                 B               B-
  Recovery Rating               2L              3H

TIBCO Software Inc.
Senior Secured                 B               B-
  Recovery Rating               2L              3L
Senior Unsecured               CCC+            CCC
  Recovery Rating               5L              6

VCVH Holding II Corp.
Senior Secured                 B               B-
  Recovery Rating               2H              3H

VF Holding Corp.
Senior Secured                 B               B-
  Recovery Rating               2L              3H

Issue Ratings Affirmed, Recovery Expectations Revised Due To
Revised Recovery
Rating Criteria For Speculative-Grade Corporate Issuers

Idera Inc.
Senior Secured                 B               B
  Recovery Rating               3H              3L

Infoblox Inc.   
Senior Secured                 B-              B-
  Recovery Rating               3H              3L

Issue Ratings Affirmed; Recovery Rating Unchanged

The Active Network Inc.
Lanyon Inc.
Senior Secured                 CCC+
  Recovery Rating               6

Change Healthcare Holdings Inc.
Senior Unsecured               CCC+/ Watch Dev
  Recovery Rating               6

BMC Software Inc.
Boxer Parent Co. Inc.
BMC Software Finance Inc.
Senior Unsecured               CCC+
  Recovery Rating               6

Boxer Parent Co. Inc.
BMC Foreign Holding Co.
Senior Secured                 B+
  Recovery Rating               2H

Deltek Inc.
Senior Secured                 CCC+/Watch Pos
  Recovery Rating               6

VF Holding Corp.
Senior Secured                 CCC
  Recovery Rating               6

Endurance International Group Inc.
Senior Unsecured               CCC+
  Recovery Rating               6

Flexera Software LLC
Senior Secured                 B
  Recovery Rating               3H

iParadigms Holdings LLC
Senior Secured                 CCC
  Recovery Rating               6

Kronos Inc.
Senior Secured                 CCC
  Recovery Rating               6

Navex Global Holdings Co.
Senior Secured                 CCC
  Recovery Rating               6

SolarWinds Holdings Inc.
Senior Secured                 CCC+
  Recovery Rating               6

Solera Finance Inc.
Solera Issuer Inc.
Senior Unsecured               B-
  Recovery Rating               5L

Sophia L.P.
Senior Unsecured               CCC
  Recovery Rating               6

VCVH Holding II Corp.
Senior Secured                 CCC
  Recovery Rating               6


[*] S&P Revises Ratings in 4 Debt Issues in US Telecom Sector
-------------------------------------------------------------
S&P Global Ratings said that it has reviewed its recovery and
issue-level ratings in the U.S. telecom and cable sector for
speculative-grade corporate issuers that were labeled as "under
criteria observation" (UCO) after publishing its revised recovery
ratings criteria on Dec. 7, 2016.  With S&P's criteria review
complete, it is removing the UCO designation from these ratings and
revising issue-level and recovery ratings as appropriate.

This release pertains to rated companies in the U.S. telecom and
cable sector.  The ratings list below is arranged alphabetically by
issuer and identifies the debt instruments with ratings changes.  

As an overview, S&P is revising the issue-level ratings on four
rated debt issues in the U.S. telecom and cable sector, all
upgrades.  In each case, the revision to the issue-level rating
resulted from a revision to the recovery rating on the debt
instrument.

In addition, S&P is revising the recovery rating to '4' from '3' on
two rated debt issues in the U.S. telecom and cable sector. Since
these revisions do not result in issue-level ratings changes, S&P
is affirming the issue-level ratings for the affected issues.

These rating actions stem solely from the application of S&P's
revised recovery criteria and do not reflect any change in its
assessment of the corporate credit ratings for issuers of the
affected debt issues.

RATINGS LIST

Issue Ratings Raised, Recovery Ratings Revised Due To Revised
Recovery Rating Criteria For Speculative-Grade Corporate Issuers

                                         To          From

Midcontinent Communications
Senior unsecured                        B+          B
   Recovery rating                       5H          6

SBA Communications Corp.
Senior unsecured                        B+          B
   Recovery rating                       5L          6

Issue Ratings Affirmed, Recovery Ratings Revised Due To Revised
Recovery Rating Criteria For Speculative-Grade Corporate Issuers

                                         To          From
PRWireless Inc.
Senior secured                          CCC-        CCC-
   Recovery rating                       4L          3L

Issue Ratings Affirmed, Recovery Ratings Unchanged

Midcontinent Communications
Senior secured                          BB+
   Recovery rating                       1

SBA Communications Corp.
Senior Secured                          BB
   Recovery rating                       2H


[^] BOND PRICING: For the Week Ended December 19 to 23, 2016
------------------------------------------------------------
  Company                   Ticker  Coupon Bid Price   Maturity
  -------                   ------  ------ ---------   --------
A. M. Castle & Co           CASL     7.000    58.000 12/15/2017
American Eagle Energy Corp  AMZG    11.000     5.750   9/1/2019
American Eagle Energy Corp  AMZG    11.000     5.750   9/1/2019
American Gilsonite Co       AMEGIL  11.500    63.250   9/1/2017
American Gilsonite Co       AMEGIL  11.500    64.000   9/1/2017
Arconic Inc                 ARNC     5.550   100.186   2/1/2017
Avaya Inc                   AVYA    10.500    43.500   3/1/2021
Avaya Inc                   AVYA    10.500    46.000   3/1/2021
BPZ Resources Inc           BPZR     6.500     3.017   3/1/2015
BPZ Resources Inc           BPZR     6.500     3.017   3/1/2049
Caesars Entertainment
  Operating Co Inc          CZR     12.750    68.000  4/15/2018
Caesars Entertainment
  Operating Co Inc          CZR      5.750    66.750  10/1/2017
Chassix Holdings Inc        CHASSX  10.000     8.000 12/15/2018
Chassix Holdings Inc        CHASSX  10.000     8.000 12/15/2018
Chesapeake Energy Corp      CHK      6.500   102.755  8/15/2017
Chukchansi Economic
  Development Authority     CHUKCH   9.750    42.500  5/30/2020
Chukchansi Economic
  Development Authority     CHUKCH   9.750    42.250  5/30/2020
Cinedigm Corp               CIDM     5.500    10.000  4/15/2035
Claire's Stores Inc         CLE      9.000    51.000  3/15/2019
Claire's Stores Inc         CLE      8.875    21.000  3/15/2019
Claire's Stores Inc         CLE     10.500    66.375   6/1/2017
Claire's Stores Inc         CLE      7.750    13.625   6/1/2020
Claire's Stores Inc         CLE      9.000    52.500  3/15/2019
Claire's Stores Inc         CLE      9.000    51.250  3/15/2019
Claire's Stores Inc         CLE      7.750    13.625   6/1/2020
Cumulus Media Holdings Inc  CMLS     7.750    40.938   5/1/2019
Dispensing Dynamics
  International             DISDYN  12.500    98.750   1/1/2018
Dispensing Dynamics
  International             DISDYN  12.500    98.102   1/1/2018
EPL Oil & Gas Inc           EXXI     8.250    18.250  2/15/2018
EXCO Resources Inc          XCO      7.500    64.131  9/15/2018
Eagle Rock Energy
  Partners LP /
  Eagle Rock Energy
  Finance Corp              VNR      8.375    53.000   6/1/2019
Energy Conversion
  Devices Inc               ENER     3.000     7.875  6/15/2013
Energy Future
  Holdings Corp             TXU      6.500    13.750 11/15/2024
Energy Future
  Holdings Corp             TXU      6.550    14.000 11/15/2034
Energy Future
  Holdings Corp             TXU     11.250    13.625  11/1/2017
Energy Future
  Holdings Corp             TXU     10.875    13.625  11/1/2017
Energy Future
  Holdings Corp             TXU      9.750    29.250 10/15/2019
Energy Future
  Holdings Corp             TXU     10.875    13.625  11/1/2017
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc               TXU     10.000    25.000  12/1/2020
Energy Future Intermediate
  Holding Co LLC /
  EFIH Finance Inc          TXU     10.000    24.050  12/1/2020
Energy Future Intermediate
  Holding Co LLC /
  EFIH Finance Inc          TXU      9.750    30.000 10/15/2019
Energy Future Intermediate
  Holding Co LLC /
  EFIH Finance Inc          TXU      6.875    24.375  8/15/2017
Energy XXI Gulf Coast Inc   EXXI     9.250    14.250 12/15/2017
Energy XXI Gulf Coast Inc   EXXI     7.750    13.875  6/15/2019
Energy XXI Gulf Coast Inc   EXXI     7.500    13.875 12/15/2021
Energy XXI Gulf Coast Inc   EXXI     6.875    14.250  3/15/2024
Envision Healthcare Corp    EVHC     5.625   103.150 11/30/2020
Erickson Inc                EAC      8.250    37.750   5/1/2020
FXCM Inc                    FXCM     2.250    55.000  6/15/2018
FairPoint
  Communications Inc/Old    FRP     13.125     1.879   4/2/2018
Fleetwood Enterprises Inc   FLTW    14.000     3.557 12/15/2011
Forbes Energy Services Ltd  FESL     9.000    28.750  6/15/2019
GenOn Energy Inc            GENONE   7.875    72.271  6/15/2017
Goodman Networks Inc        GOODNT  12.125    43.000   7/1/2018
Goodrich Petroleum Corp     GDPM     8.875     0.662  3/15/2019
Gymboree Corp/The           GYMB     9.125    46.000  12/1/2018
Homer City Generation LP    GE       8.137    41.500  10/1/2019
Horsehead Holding Corp      ZINC    10.500    80.250   6/1/2017
Illinois Power
  Generating Co             DYN      7.000    36.500  4/15/2018
Illinois Power
  Generating Co             DYN      6.300    37.125   4/1/2020
Iracore International
  Holdings Inc              IRACOR   9.500    52.750   6/1/2018
Iracore International
  Holdings Inc              IRACOR   9.500    52.750   6/1/2018
IronGate Energy
  Services LLC              IRONGT  11.000    28.500   7/1/2018
IronGate Energy
  Services LLC              IRONGT  11.000    29.375   7/1/2018
IronGate Energy
  Services LLC              IRONGT  11.000    29.375   7/1/2018
IronGate Energy
  Services LLC              IRONGT  11.000    29.375   7/1/2018
Jack Cooper Holdings Corp   JKCOOP   9.250    43.777   6/1/2020
Kellwood Co                 KWD      7.625    77.875 10/15/2017
LIN Television Corp         MEG      6.375   103.750  1/15/2021
Las Vegas Monorail Co       LASVMC   5.500     5.125  7/15/2019
Lehman Brothers
  Holdings Inc              LEH      1.000     2.585  7/21/2009
Lehman Brothers
  Holdings Inc              LEH      2.070     2.585  6/15/2009
Lehman Brothers
  Holdings Inc              LEH      1.500     2.585  3/29/2013
Lehman Brothers
  Holdings Inc              LEH      1.383     2.585  6/15/2009
Lehman Brothers
  Holdings Inc              LEH      1.000     2.585   6/9/2009
Lehman Brothers
  Holdings Inc              LEH      1.000     2.585 10/17/2013
Lehman Brothers
  Holdings Inc              LEH      1.250     2.585   2/6/2014
Lehman Brothers
  Holdings Inc              LEH      1.000     2.585  3/29/2014
Lehman Brothers
  Holdings Inc              LEH      1.250     2.585   8/5/2012
Lehman Brothers
  Holdings Inc              LEH      1.000     2.585   9/7/2012
Lehman Brothers
  Holdings Inc              LEH      1.000     2.585  12/9/2012
Lehman Brothers
  Holdings Inc              LEH      2.000     2.585   3/3/2009
Lehman Brothers
  Holdings Inc              LEH      1.250     2.585  3/22/2012
Lehman Brothers
  Holdings Inc              LEH      1.000     2.585  8/17/2014
Lehman Brothers
  Holdings Inc              LEH      1.000     2.585  11/2/2011
Lehman Brothers
  Holdings Inc              LEH      1.000     2.585  8/17/2014
Lehman Brothers
  Holdings Inc              LEH      5.000     2.585   2/7/2009
Lehman Brothers
  Holdings Inc              LEH      1.000     2.585  9/16/2010
Lehman Brothers
  Holdings Inc              LEH      1.000     2.585  11/3/2011
Lehman Brothers
  Holdings Inc              LEH      1.600     2.585  11/5/2011
Lehman Brothers
  Holdings Inc              LEH      1.000     2.585  9/16/2010
Lehman Brothers
  Holdings Inc              LEH      4.000     2.585  4/30/2009
Lehman Brothers Inc         LEH      7.500     1.226   8/1/2026
Lexmark International Inc   LXK      6.650   106.397   6/1/2018
Light Tower Rentals Inc     LHTTWR   8.125    44.375   8/1/2019
Light Tower Rentals Inc     LHTTWR   8.125    44.375   8/1/2019
Linc USA GP / Linc Energy
  Finance USA Inc           LNCAU    9.625    19.500 10/31/2017
Linn Energy LLC / Linn
  Energy Finance Corp       LINE     8.625    43.000  4/15/2020
Linn Energy LLC / Linn
  Energy Finance Corp       LINE     7.750    40.500   2/1/2021
Linn Energy LLC / Linn
  Energy Finance Corp       LINE     6.250    41.500  11/1/2019
Linn Energy LLC / Linn
  Energy Finance Corp       LINE     6.500    41.250  9/15/2021
Linn Energy LLC / Linn
  Energy Finance Corp       LINE     6.250    41.250  11/1/2019
Linn Energy LLC / Linn
  Energy Finance Corp       LINE     6.250    41.250  11/1/2019
Linn Energy LLC / Linn
  Energy Finance Corp       LINE     6.500    41.450  5/15/2019
Lumbermens Mutual
  Casualty Co               KEMPER   8.300     0.214  12/1/2037
MF Global Holdings Ltd      MF       3.375    26.000   8/1/2018
MModal Inc                  MODL    10.750    10.125  8/15/2020
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC          MPO     10.750     0.823  10/1/2020
Modular Space Corp          MODSPA  10.250    55.625  1/31/2019
Modular Space Corp          MODSPA  10.250    55.250  1/31/2019
NRG REMA LLC                GENONE   9.237    85.000   7/2/2017
New Gulf Resources LLC/
  NGR Finance Corp          NGREFN  12.250     2.292  5/15/2019
New Gulf Resources LLC/
  NGR Finance Corp          NGREFN  12.250     2.292  5/15/2019
New Gulf Resources LLC/
  NGR Finance Corp          NGREFN  12.250     2.292  5/15/2019
Nine West Holdings Inc      JNY      8.250    18.750  3/15/2019
Nine West Holdings Inc      JNY      6.875    24.250  3/15/2019
Nine West Holdings Inc      JNY      6.125    15.875 11/15/2034
Nine West Holdings Inc      JNY      8.250    19.000  3/15/2019
Nuverra Environmental
  Solutions Inc             NESC     9.875    13.500  4/15/2018
OMX Timber Finance
  Investments II LLC        OMX      5.540     9.125  1/29/2020
Orexigen Therapeutics Inc   OREX     2.750    28.100  12/1/2020
Permian Holdings Inc        PRMIAN  10.500    30.000  1/15/2018
Permian Holdings Inc        PRMIAN  10.500    31.000  1/15/2018
Pernix Therapeutics
  Holdings Inc              PTX      4.250    23.625   4/1/2021
Pernix Therapeutics
  Holdings Inc              PTX      4.250    23.535   4/1/2021
Prospect Holding Co LLC /
  Prospect Holding
  Finance Co                PRSPCT  10.250    48.023  10/1/2018
Prospect Holding Co LLC /
  Prospect Holding
  Finance Co                PRSPCT  10.250    48.023  10/1/2018
Rex Energy Corp             REXX     8.875    39.582  12/1/2020
River Rock
  Entertainment Authority   RIVER    9.000    19.875  11/1/2018
Rolta LLC                   RLTAIN  10.750    22.250  5/16/2018
SAExploration Holdings Inc  SAEX    10.000    48.375  7/15/2019
Samson Investment Co        SAIVST   9.750     5.875  2/15/2020
Sequa Corp                  SQA      7.000    56.000 12/15/2017
Sequa Corp                  SQA      7.000    54.625 12/15/2017
Sidewinder Drilling Inc     SIDDRI   9.750     7.500 11/15/2019
Sidewinder Drilling Inc     SIDDRI   9.750     6.375 11/15/2019
Stone Energy Corp           SGY      1.750    59.750   3/1/2017
SunEdison Inc               SUNE     5.000    52.000   7/2/2018
SunEdison Inc               SUNE     2.000     2.875  10/1/2018
SunEdison Inc               SUNE     2.375     3.500  4/15/2022
SunEdison Inc               SUNE     2.750     3.125   1/1/2021
SunEdison Inc               SUNE     3.375     2.750   6/1/2025
SunEdison Inc               SUNE     0.250     3.200  1/15/2020
SunEdison Inc               SUNE     2.625     3.250   6/1/2023
TMST Inc                    THMR     8.000    14.000  5/15/2013
Talos Production LLC /
  Talos Production
  Finance Inc               TALPRO   9.750    52.500  2/15/2018
Talos Production LLC /
  Talos Production
  Finance Inc               TALPRO   9.750    53.875  2/15/2018
TerraVia Holdings Inc       TVIA     5.000    41.510  10/1/2019
TerraVia Holdings Inc       TVIA     6.000    65.500   2/1/2018
Terrestar Networks Inc      TSTR     6.500    10.000  6/15/2014
TetraLogic
  Pharmaceuticals Corp      TLOG     8.000     5.750  6/15/2019
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc               TXU     11.500    31.000  10/1/2020
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc               TXU     11.500    28.625  10/1/2020
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc               TXU     15.000     2.632   4/1/2021
Trans-Lux Corp              TNLX     8.250    20.125   3/1/2012
Triangle USA
  Petroleum Corp            TPLM     6.750    25.010  7/15/2022
Triangle USA
  Petroleum Corp            TPLM     6.750    25.010  7/15/2022
UCI International LLC       UCII     8.625    20.625  2/15/2019
Venoco LLC                  VQ       8.875     1.270  2/15/2019
Verso Paper Holdings
  LLC / Verso Paper Inc     VRS     11.750    17.000  1/15/2019
Verso Paper Holdings
  LLC / Verso Paper Inc     VRS     11.750    17.000  1/15/2019
Violin Memory Inc           VMEM     4.250     5.000  10/1/2019
Walter Energy Inc           WLTG     9.500     0.489 10/15/2019
Walter Energy Inc           WLTG     8.500     0.775  4/15/2021
Walter Energy Inc           WLTG     9.875     0.422 12/15/2020
Walter Energy Inc           WLTG     9.500     0.489 10/15/2019
Walter Energy Inc           WLTG     9.500     0.489 10/15/2019
Walter Energy Inc           WLTG     9.875     0.422 12/15/2020
Walter Energy Inc           WLTG     9.875     0.422 12/15/2020
Walter Energy Inc           WLTG     9.500     0.489 10/15/2019
Westar Energy Inc           WR       5.150   100.000   1/1/2017
iHeartCommunications Inc    IHRT    10.000    74.250  1/15/2018
rue21 inc                   RUE      9.000    22.000 10/15/2021
rue21 inc                   RUE      9.000    22.000 10/15/2021


                            *********

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
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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., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2016.  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
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The TCR subscription rate is $975 for 6 months delivered via
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are $25 each.  For subscription information, contact Peter A.
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                   *** End of Transmission ***