TCR_Public/170208.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Wednesday, February 8, 2017, Vol. 21, No. 38

                            Headlines

21ST CENTURY: Forbearance with Noteholders Extended to March 10
546-548 BROADWAY: Taps Curcio Mirzaian as Special Counsel
A & B ASSOCIATES: Case Summary & 6 Unsecured Creditors
ADG COPPER: Case Summary & 2 Unsecured Creditors
ADVANCED MICRO DEVICES: Reports $497M Net Loss in 2016

ADVANCED NEURO: Names Brett Elam as Attorney
AIR DISTRIBUTING: Taps Tyler Bartl as General Bankruptcy Counsel
ALESSI FAMILY: May Continue Using Cash Collateral
ALIANZA TRINITY: Wants May 25 Extension of Plan Filing Period
ALLIED PORTABLES: Seeks to Hire Johnson Pope as Legal Counsel

ALLY FINANCIAL: Reports $1.1 Billion Net Income in 2016
ALVION PROPERTIES: Disbursing Agent Taps Carmody to Replace Desai
AMERIGAS PARTNERS: Fitch Assigns BB Rating to Unsec. Notes Due 2027
AMERIGAS PARTNERS: Moody's Rates New $525MM Unsec. Notes 'Ba3'
AMPLIPHI BIOSCIENCES: Names Igor Bilinsky Chief Operating Officer

AMWINS GROUP: S&P Affirms Then Withdraws 'B+' CCR
ANTELOPE VALLEY: Moody's Affirms Ba3 CFR; Outlook Negative
ANTERO MIDSTREAM: Moody's Alters Outlook to Stable, Affirms Ba2 CFR
ANTERO RESOURCES: Moody's Alters Outlook to Stable, Affirms Ba2 CFR
APOLLO ENDOSURGERY: May Issue 20.3M Shares Under Incentive Plan

ARCONIC INC: Fitch to Withdraw Ratings for Commercial Reasons
ARMSTRONG WORLD: Moody's Affirms B1 Corporate Family Rating
AUTORAMA ENTERPRISES: Taps Robinson Brog as Counsel
AVAYA INC: S&P Assigns 'BB-' Point-in-Time Rating on $725MM Loan
AZURE MIDSTREAM: S&P Affirms 'CCC+' CCR; Outlook Negative

BERNARD L. MADOFF: Victims' Recovery Tops $9.7-Bil. with New Payout
BILL HALL: Seeks to Hire Greer Law as Counsel
BLOCK COMMUNICATIONS: Moody's Rates New $350MM Unsec. Notes 'B1'
BLOCK COMMUNICATIONS: S&P Rates New $350MM Unsec. Notes 'B+'
BROOKS FURNITURE: Hires Kate Bowman as Bookkeeper

BROOKS FURNITURE: Hires Wozencroft to Provide Accounting Services
BULEE CAFE: Hires John Kim as Bankruptcy Attorney
CALEXICO COMMUNITY RDA: S&P Lowers Rating on 2011 TABs to 'B'
CARING HANDS HOME CARE: Taps Ahlgren Law Office as Counsel
CARTEL MANAGEMENT: Mavericks Canceled Amid Financial Woes

CATASYS INC: Contracts with Largest U.S. Health Insurance Company
CBS RADIO: S&P Puts 'B+' CCR on CreditWatch Positive
CCC OF FAIRPLAY: Plan to be Funded Through Sale of Assets
CECCHI GORI: Sued Over Scorsese Film Payment-Right Transfers
CHARLOTTE RUSSE: S&P Lowers CCR to CCC+ on Potential Restructuring

CHARTER SCHOOL: S&P Hikes Rating on 2010A/B Education Bonds to BB+
CHOUDRIES INC: Ch. 11 Trustee Hires Gilbert as Auctioneer
CLAYTON WILLIAMS: ICS Opportunities, et al. File Schedule 13G/A
CLINE GRAIN: U.S. Trustee Unable to Appoint Committee
COCOA EXPO: Hires Fisher Rushmer as Attorney

COMBIMATRIX CORP: Adopts 2017 Executive Performance Bonus Plan
COMSTOCK RESOURCES: First Trust Reports 0.10% Stake as of Dec. 31
COMSTOCK RESOURCES: MacKay Shields Has 18.8% Stake as of Nov. 9
CONCORDIA INTERNATIONAL: Makes Final Earn Out Payment to Cinven
CONGREGATION ACHPRETVIA: Hires EisnerAmper as Accountant

CS360 TOWERS: Case Summary & 20 Largest Unsecured Creditors
CTI BIOPHARMA: Had $19.3M Est. Financial Standing as of Dec. 31
CTI BIOPHARMA: NB Public Reports 4.8% Equity Stake as of Dec. 31
CUI GLOBAL: Heartland Advisors Reports 10.8% Stake as of Dec. 31
CURO HEALTH: S&P Cuts 1st Lien Debt Rating to 'B' on $60MM Add-On

CURTIS JAMES JACKSON: Bankruptcy Discharged After $22M Payment
DAYBREAK OIL: Signs Agreement to Extend Notes Maturity to 2019
DEKADA CORPORATION: Hires Demarco & Associates as Accountant
DELCATH SYSTEMS: Empery Asset No Longer a Shareholder
DELCATH SYSTEMS: Hudson Reports 9.9% Stake as of Dec. 31

DESERT SPRINGS: Bid to Sell Bowling for $4.3M Denied
EAST COAST FOODS: Trustee Taps Rostam Law as Special Counsel
EASTERN OUTFITTERS: Case Summary & 40 Largest Unsecured Creditors
EASTERN OUTFITTERS: Files for Ch. 11 to Sell to SportsDirect
EASTERN OUTFITTERS: Sports Direct in Talks to Bid for Assets

EASTERN STAR: Case Summary & 10 Unsecured Creditors
ELECTRONIC CIGARETTES: Calm Waters Has 73.9% Stake as of Feb. 1
EM LODGINGS: Voluntary Chapter 11 Case Summary
ENTERCOM COMMUNICATIONS: S&P Puts 'B+' CCR on CreditWatch Positive
ERGON CARIBBEAN: Hires C. Conde & Assoc. as Bankruptcy Attorney

ESSAR STEEL: Secured Creditors Comment on Monitor's Statement
EXCEL STAFFING: Hires ReavesColey as Special Counsel
EXCEL STAFFING: Hires Tavenner & Beran as Counsel
EXCO RESOURCES: Tyler Farquharson Named VP and Permanent CFO
EZE CASTLE: Moody's Affirms B2 Corporate Family Rating

EZE CASTLE: S&P Lowers 1st Lien Debt Rating to B on $80MM Add-On
FAMILY CHILD: Case Summary & 9 Unsecured Creditors
FLAGLER INSTITUTE: Case Summary & 20 Largest Unsecured Creditors
FOG CAP RETAIL: Taps Fellers Snider as Legal Counsel
FOUR DIA: Taps D. Craig Barnes as Expert Witness

FUSSION RESTAURANT: Hires Bigas Law as Bankruptcy Counsel
GASTAR EXPLORATION: Adopts Tax Benefit Plan to Preserve NOLs
GATEWAY CASINOS: S&P Cuts CCR to 'B' on Debt-Financed Acquisition
GATEWAY ENTERTAINMENT: Hires Lampl Law as Claims Counsel
GLOBAL AMENITIES: Unsecureds to Recoup 100% Under Plan

GLOYD GREEN: Authorized to Amend Motion to Sell Gun Collection
GLOYD GREEN: Erkelens & Olson to Auction Gun Collection on Feb. 25
GOLDEN MARINA: Seeks June 6 Exclusivity Period Extension
GRACIOUS HOME: Committee Hires Seward & Kissel as Counsel
GRACIOUS HOME: Creditors' Panel Hires Wyse as Financial Advisor

GRANNY SCOTT: Case Summary & 5 Unsecured Creditors
GREAT BASIN: Amends SPA to Change Notes Restriction Percentage
GREAT BASIN: Note Buyers OK Release of $500K Restricted Fund
GREAT HEARTS: Fitch Hikes Rating on $15.9MM Education Bonds to BB+
GROUP MIDLAND: Case Summary & 20 Largest Unsecured Creditors

GROW CONDOS: Issues $165,000 10% Fixed Convertible Promissory Note
GULF PAVING: Taps Maxwell Hendry as Appraiser
GUP'S HILL PLANTATION: Disclosures OK'd; Plan Hearing on March 28
GYMBOREE CORP: Amends Employment Agreement with CEO
GYMBOREE CORP: Elects John Belitsos as Director

HAIRLAND CORP: Taps Davila Rivera Law as Counsel
HAMPSHIRE GROUP: Taps Drozdowski as Chief Financial Officer
HANESBRANDS INC: S&P Revises Outlook to Stable & Affirms 'BB' CCR
HCA INC: S&P Affirms 'BB' CCR on Cost Reduction Efforts
HEBREW HEALTH: Asks Court for 30-Day Plan Filing Period Extension

HEXION INC: Moody's Affirms Caa2 Corporate Family Rating
HEXION US: Moody's Corrects Rating on Sr. Sec. Notes to Caa1
IHS MARKIT: Moody's Assigns Ba1 Rating to $500MM New Sr. Notes
IMAGING3 INC: Final Decree Entered; Fees Approved
INFILTRATOR WATER: Moody's Affirms B2 Corporate Family Rating

INFILTRATOR WATER: S&P Lowers Rating on 1st-Lien Term Loan to 'B'
INTELLIPHARMACEUTICS INT'L: FDA Accepts for Filing NDA for Rexista
INTRALINKS INC: S&P Raises CCR to 'BB-', Off CreditWatch Negative
IOWA HEALTHCARE: Committee Hires Cutler as Associate Counsel
ISIGN SOLUTIONS: Stockholders Elect Seven Directors

J L LEASING: Trustee Taps Bennington & Moshofsky as Accountants
J&J TILE: Hires Ferrentino & Associates as Accountant
J&J TILE: Hires Horowitz Law as Labor Counsel
J.G. NASCON: Selling Equipment for $20K
JAMUL INDIAN: S&P Lowers ICR to 'B-', On CreditWatch Negative

JEEA LLC: Seeks to Hire Van Horn Law Group as Counsel
JPS COMPLETION: Hires Adamson & Company as Accountant
KEMET CORP: BlackRock Reports 5% Equity Stake as of Dec. 31
KEMET CORP: Tocqueville Asset Owns 1.6% Equity Stake as of Dec. 31
LATITUDE 360: Ch. 11 Trustee Hires Gillis Way as Counsel

LIME ENERGY: To Effect a 1-for-300 Reverse Stock Split
LOVE GRACE: U.S. Trustee Forms 3-Member Committee
LUKE'S LOCKER: Taps Franklin Hayward as General Bankruptcy Counsel
LULING LONGHORN: Voluntary Chapter 11 Case Summary
MAPLE HEIGHTS, OH: Moody's Confirms B3 Rating on GOLT Bonds

MARBLES LLC: Case Summary & Largest Unsecured Creditors
MCCLATCHY CO: Names Craig Forman to Succeed Talamantes as CEO
MEMORIAL PRODUCTION: Hires Weil Gotshal as Attorneys
MERRIMACK PHARMACEUTICALS: Head of Discovery Resigns
MISSISSIPPI POWER: Moody's Puts Ba2 Rating on Review for Downgrade

MONAKER GROUP: Appoints Simon Orange to Board of Directors
MSC SOFTWARE: S&P Puts 'B-' CCR on CreditWatch Positive
NAKED BRAND: Discusses Bendon Merger, Sales Hike at NobleCon 13
NEWBURY COMMON: Selling Unfinished Hotel for At Least $19M
NEXTBT GROUP: Seeks to Hire Trodella & Lapping as Legal Counsel

NEXTSTEP DEVELOPMENT: Sale of Hotel to Patels for $3.2M Approved
OLMOS EQUIPMENT: PPL, Ritchie Bros. and Davis to Auction Equipment
OSHKOSH CORP: S&P Revises Outlook to Positive & Affirms 'BB+' CCR
OUTSIDE PLANT: Hires Pitchford as Accountant
PALADIN ENERGY: Taps Anderson King Energy Consultants as Broker

PALATIAL INVESTMENT: Hires Weinberger as Special Counsel
PEABODY ENERGY: Moody's Retains (P)Ba3 Ratings on First Lien Debt
PEABODY ENERGY: Taps High-Yield Debt Markets
PEABODY ENERGY: To Auction DTA Ownership Interest on March 6
PEABODY ENERGY: Unit to Launch Offering of $1-Bil. Sr. Sec. Notes

PERFORMANCE SPORTS: Obtains Court Approval for Asset Sale
PHILADELPHIA HEALTH SYSTEM: Ombudsman Taps Gibbons as Counsel
PIKE COUNTY: S&P Affirms 'BB+' Underlying Rating on Bonds
PINNACLE AUTO LEASE: Taps B. David Sisson as Legal Counsel
PLANDAI BIOTECHNOLOGY: Terminates Registration of Common Stock

POSITIVEID CORP: Closes $412,500 SPA with GHS Investments
POSITIVEID CORP: Files Amended Certificate of Incorporation
POST HOLDINGS: Moody's Assigns B3 Rating to $1.5BB Unsec. Notes
POST HOLDINGS: S&P Assigns 'B' Rating on New $1.5BB Unsec. Notes
POWER COOLING: Hires Rafael Fernandez Torres as Accountant

POWER EFFICIENCY: Hires Carnegie Hudson as Investment Banker
POWER EFFICIENCY: Reverse Split Took Effect Jan. 17
PRECISION OPTICS: Files 2.6 Million Shares Resale Prospectus
PRIME GLOBAL: Needs More Time to File Fiscal 2016 Form 10-K
PRIME SECURITIES: Moody's Lowers First-Lien Debt Ratings to Ba3

PROLINE CONCRETE: Seeks to Hire Rupp Baase as Special Counsel
PUERTO RICO: Defaults on Multimillion-Dollar Debt Amid Crisis
QUATTRO EXPLORATION: Signs Binding Finance Term Sheet
RENAISSANCE PUBLIC: S&P Lowers Rating on 2012A/B Bonds to 'BB+'
RENNOVA HEALTH: Agrees to Issue $1.59-Mil. Convertible Debentures

RGIS HOLDINGS: S&P Lowers CCR to 'CCC+' on Refinancing Risk
ROGERS & SON LAWN CARE: Taps CGA Law as Bankruptcy Counsel
ROSLYN SEFARDIC: Court Extends Plan Filing Period to March 7
RUBICON TECHNOLOGY: Appoints Timothy Brog as Director
RUBY TUESDAY: Amendment Waiver No Impact on Moody's B3 CFR

SCIENTIFIC GAMES: Expects to Report $748M to $755M Revenue in Q4
SCIENTIFIC GAMES: Proposes $1 Billion Senior Notes Add-On Offering
SCIENTIFIC GAMES: Recasts 2015 Consolidated Financial Statements
SCIENTIFIC GAMES: Upsizes Add-On Sr Notes Offering to $1.15 Billion
SCOUT MEDIA: CBS Sports Signs Deal to Buy Assets Out of Bankruptcy

SEBRING MANAGEMENT: Plan Admin. Hires Genovese as Special Counsel
SEBRING MANAGEMENT: Plan Admin. Hires Leon as Special Counsel
SHIV LODGING: Case Summary & 7 Unsecured Creditors
SILGAN HOLDINGS: S&P Assigns BB- Rating on New $300MM Unsec. Notes
SNUG HARBOR: Exclusivity Periods Extended Thru April 5

SPECTRUM HEALTHCARE: Seeks 90-Day Exclusivity Period Extension
SRS DISTRIBUTION: S&P Affirms 'B' CCR on Incremental Debt Add-On
SUPREME CEILING: Hires Frederick Minaya as Accountant
SUPREME CEILING: Hires Nowack & Olson as Attorney
TERRAFORM PRIVATE: S&P Puts 'B-' ICR on CreditWatch Positive

THORNBURG MORTGAGE: SEC Ends Case Against Two Former Executives
TOP FOOTWEAR: Hires DelBello Donnellan as Attorney
TRAC INTERMODAL: Moody's Withdraws B1 Corporate Family Rating
TRANSMAR COMMODITY: Taps Donlin Recano as Administrative Agent
TRANSMAR COMMODITY: Taps GORG Partnerschaft as Special Counsel

TRANSMAR COMMODITY: Taps Riker Danzig as Lead Bankruptcy Counsel
TRI-VALLEY LEARNING: Committee Taps Fox Rothschild as Counsel
TRINITY RIVER: Court Extends Exclusive Periods to February 23
ULTRAPETROL (BAHAMAS): Case Summary & 40 Top Unsecured Creditors
ULTRAPETROL (BAHAMAS): Expects Prepack Case to Conclude in 60 Days

ULTRAPETROL (BAHAMAS): Files Bankruptcy With Prepackaged Plan
UNITED GAS: Amidi Buying Sacramento Assets for $2.9 Million
UNITED ROAD: Case Summary & 30 Largest Unsecured Creditors
UNITED ROAD: Files for Bankruptcy; Towing Business up for Sale
UP FIELDGATE: U.S. Trustee Unable to Appoint Committee

UP FIELDGATE: UST Unable to Appoint Committee in UP Devp't. Case
VANGUARD NATURAL: S&P Lowers CCR to 'D' on Ch. 11 Restructuring
WEATHERFORD INTERNATIONAL: BlackRock Has 5.5% Stake as of Dec. 31
WEST CORP: Reports $193M Net Income in 2016
WESTERN STATES: Hires Hunter as Bankruptcy Counsel

WET SEAL: Feb. 16 Meeting Set to Form Creditors' Panel
WET SEAL: Seeks to Hire Donlin Recano as Claims Agent
WHITE WING: Hires Prodigy as Business Broker
WK CAPITAL: Seeks to Hire MarshallMorgan as Broker
YRC WORLDWIDE: Inks 3rd Amendment to Credit Suisse Credit Pact

[*] Eisneramper Wins Chapter 11 Reorganization of the Year Award
[*] January Total Bankruptcy Filings Up 5% from 2016
[*] QORVAL Launches Maritime Logistics Restructuring Practice
[*] Steven Smith Named JND Corporate Restructuring Sr. Consultant
[*] U.S. Retail Bankruptcies Skyrocket in 2016

[*] Waller Lansden Dortch & Davis Elects Twelve New Partners
[] Sagaria Fights 51 Bids to Junk FCRA Suits v. Wells Fargo et al

                            *********

21ST CENTURY: Forbearance with Noteholders Extended to March 10
---------------------------------------------------------------
On Dec. 6, 2016, 21st Century Oncology Holdings, Inc., 21st Century
Oncology, Inc., a subsidiary of the Company, and certain of the
Company's other subsidiaries entered into a Forbearance Agreement
relating to the Company's indenture and a Forbearance Agreement
relating to the Company's credit agreement, with certain of 21C's
noteholders and lenders, respectively.  The Forbearance Agreements
were subsequently amended on Dec. 15, 2016, and on Jan. 15, 2017.

Effective as of Jan. 31, 2017, the Company entered into amendments
to the Forbearance Agreements to, among other things, provide that
the noteholders and lenders party thereto will forbear, subject to
important exceptions, until the earlier of March 10, 2017, and the
occurrence of certain events from exercising any rights and
remedies under 21C's indenture, notes or credit agreement, as
applicable, on account of certain events of default.

In addition, effective as of Jan. 31, 2017, Medical Developers,
LLC, an indirect wholly owned subsidiary of the Company and certain
of its affiliates, entered into an amendment to the MDL Credit and
Guarantee Agreement to extend the maturity date from Jan. 31, 2017,
to March 10, 2017.

                      About 21st Century

Fort Myers, Florida-based 21st Century Oncology Holdings, Inc.
(NYSEMKT:ICC), formerly Radiation Therapy Services Holdings, Inc.,
is a physician-led provider of integrated cancer care (ICC)
services.  It operates an integrated network of cancer treatment
centers and affiliated physicians in the world which, as of
December 31, 2015, deployed approximately 947 community-based
physicians in the fields of radiation oncology, medical oncology,
breast, gynecological, general surgery and urology.  As of December
31, 2015, the Company's physicians provided medical services at
approximately 375 locations, including over 181 radiation therapy
centers, of which 59 operated in partnership with health systems.
Its cancer treatment centers in the United States are operated
under the 21st Century Oncology brand.

As of Sept. 30, 2016, 2st Century had $1.05 billion in total
assets, $1.39 billion in total liabilities, $472.34 million in
series A convertible redeemable preferred stock, $19.24 million in
non-controlling interests - redeemable and a total deficit of
$833.89 million.

                          *     *     *

As reported by the TCR on Nov. 4, 2016, S&P Global Ratings lowered
its corporate credit rating on 21st Century Oncology Holdings to
'SD' from 'CCC' and removed the ratings from CreditWatch, where
they were placed with negative implications on May 17, 2016.  "The
downgrade follows 21st Century's announcement that it failed to
make the Nov. 1, 2016, interest payment on the 11.0% senior
unsecured notes due 2023," said S&P Global Ratings credit analyst
Matthew O'Neill.  Given S&P's view of the company's debt level as
unsustainable, and ongoing restructuring discussions, it does not
expect a payment to be made within the grace period.


546-548 BROADWAY: Taps Curcio Mirzaian as Special Counsel
---------------------------------------------------------
546-548 Broadway Condo Association seeks approval from the U.S.
Bankruptcy Court for the District of New Jersey to hire a special
counsel.

The Debtor proposes to hire Curcio Mirzaian Sirot, LLC and pay the
firm $235 per hour for the services of its attorneys and $150 per
hour for its paralegals.

Jeff Sirot, Esq., at Curcio Mirzaian, disclosed in a court filing
that his firm does not hold or represent any adverse interest to
the Debtor's bankruptcy estate, and that it is "disinterested" as
defined in section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Jeff Sirot, Esq.
     Curcio Mirzaian Sirot, LLC
     7 Becker Farm Road, Suite 106
     Roseland, NJ 07068
     Phone: 973-226-4534
     Fax: 973-226-4535

                      About 546-548 Broadway

546-548 Broadway Condo Association sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D. N.J. Case No. 16-33683) on
December 13, 2016.  Middlebrooks Shapiro, P.C. serves as the
Debtor's legal counsel.  At the time of the filing, the Debtor
estimated assets of less than $1 million and liabilities of less
than $100,000.


A & B ASSOCIATES: Case Summary & 6 Unsecured Creditors
------------------------------------------------------
Debtor: A & B Associates, L.P.
        2 Pelham Road
        Savannah, GA 31411

Case No.: 17-40185

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: February 3, 2017

Court: United States Bankruptcy Court
       Southern District of Georgia (Savannah)

Judge: Hon. Edward J. Coleman III

Debtor's Counsel: C. James McCallar, Jr., Esq.
                  MCCLLAR LAW FIRM
                  P. O. Box 9026
                  Savannah, GA 31412
                  Tel: 912-234-1215
                  Fax: 912-236-7549
                  E-mail: mccallar@mccallarlawfirm.com

Total Assets: $5.48 million

Total Liabilities: $3.93 million

The petition was signed by Christopher L. Kettles, managing general
partner.

A copy of the Debtor's list of six unsecured creditors is available
for free at http://bankrupt.com/misc/gasb17-40185.pdf


ADG COPPER: Case Summary & 2 Unsecured Creditors
------------------------------------------------
Debtor: ADG Copper Canyon, Ltd.
        5751 Kroger Drive, Suite 293
        Keller, TX 76244

Case No.: 17-40508

Chapter 11 Petition Date: February 6, 2017

Court: United States Bankruptcy Court
       Northern District of Texas (Ft. Worth)

Judge: Hon. Russell F. Nelms

Debtor's Counsel: Robert A. Simon, Esq.
                  WHITAKER CHALK SWINDLE & SCHWARTZ, PLLC
                  301 Commerce Street, Suite 3500
                  Fort Worth, TX 76102
                  Tel: (817) 878-0500
                  Fax: (817) 878-0501
                  E-mail: rsimon@whitakerchalk.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Scott Schambacher, manager of general
partner.

A copy of the Debtor's list of two unsecured creditors is available
for free at http://bankrupt.com/misc/txnb17-40508.pdf


ADVANCED MICRO DEVICES: Reports $497M Net Loss in 2016
-------------------------------------------------------
Advanced Micro Devices, Inc., reported a net loss of $51 million on
$1.10 billion of net revenue for the three months ended Dec. 31,
2016, compared with a net loss of $102 million on $958 million of
net revenue for the three months ended Dec. 26, 2015.

For the year ended Dec. 31, 2016, the Company reported a net loss
of $497 million on $4.27 billion of net revenue compared with a net
loss of $660 million on $3.99 billion of net revenue for the year
ended Dec. 26, 2015.

As of Dec. 31, 2016, Advanced Micro had $3.32 billion in total
assets, $2.90 billion in total liabilities and $416 million in
total stockholders' equity.

"We met our strategic objectives in 2016, successfully executing
our product roadmaps, regaining share in key markets, strengthening
our financial foundation, and delivering annual revenue growth,"
said Dr. Lisa Su, AMD president and CEO.  "As we enter 2017, we are
well positioned and on-track to deliver our strongest set of
high-performance computing and graphics products in more than a
decade."

Cash and cash equivalents were $1.26 billion at the end of the
year, up from $785 million at the end of the prior year.

For Q1 2017, AMD expects revenue to decrease 11 percent
sequentially, plus or minus 3 percent.  The midpoint of guidance
would result in Q1 2017 revenue increasing approximately 18 percent
year-over-year.  For additional details regarding AMD's results and
outlook please see the CFO commentary posted at
http://www.quarterlyearnings.amd.com.

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

                     https://is.gd/0XrEcF

                 About Advanced Micro Devices

Sunnyvale, California-based Advanced Micro Devices, Inc.,
(NASDAQ:AMD) is a global semiconductor company.  AMD --
http://www.amd.com/-- offers x86 microprocessors, as a standalone
central processing unit (CPU) or as incorporated into an
accelerated processing unit (APU), chipsets, and discrete graphics
processing units (GPUs) for the consumer, commercial and
professional graphics markets, and server and embedded CPUs, GPUs
and APUs, and semi-custom System-on-Chip (SoC) products and
technology for game consoles.

AMD incurred a net loss of $660 million on $3.99 billion of net
revenue for the year ended Dec. 26, 2015, compared to a net loss of
$403 million on $5.50 billion of net revenue for the year ended
Dec. 27, 2014.

                          *     *     *

In September 2016, S&P Global Ratings affirmed its 'CCC+' corporate
credit rating on Sunnyvale, Calif.-based AMD.  The outlook is
stable.  In addition, S&P assigned its 'CCC' issue-level rating to
the company's senior unsecured convertible notes due in 2026.  S&P
said the ratings reflect AMD's vulnerable business risk profile:
weak PC industry conditions, intense competition from Intel, and
challenges to grow in targeted enterprise, and embedded and
semi-custom product markets to offset PC business declines.

In September 2016, Moody's Investors Service affirmed AMD's 'Caa1'
corporate family rating and the 'Caa2' rating on the senior
unsecured notes, and revised the rating outlook to positive from
negative. The speculative grade liquidity rating is upgraded to
SGL-2 from SGL-3.  The positive outlook reflects AMD's prospects
for improved operating performance and cash generation as well as
the improved product portfolio enabling the company to compete in
the current discrete GPUs (graphics processing unit), APUs
(application process units), x86 and ARM CPUs (central processing
unit) market.  Moody's said, "Although we expect ongoing revenue
declines and operating losses in its PC-related business
(microprocessors and graphics chips), the growing EESC (enterprise,
embedded, and semi-custom) business supported by the reported
design wins, we project break even to modest profitability
beginning in the second half of 2016."

In March 2016, Fitch Ratings downgraded and withdrew the ratings
for AMD including the Long-term Issuer Default Rating (IDR) to
'CCC' from 'B-'.  Fitch has withdrawn AMD's ratings for commercial
reasons.  The downgrade reflects prospects for negative free cash
flow (FCF) over the intermediate term and the consequent liquidity
issues and refinancing risk that could develop as the 2019 and 2020
debt maturities approach.


ADVANCED NEURO: Names Brett Elam as Attorney
--------------------------------------------
Advanced Neuro Spine Institute, LLC seeks authorization from the
U.S. Bankruptcy Court for the Southern District of Florida to
employ Brett A. Elam and The Law Offices of Brett A. Elam, P.A. as
attorney.

The Debtor requires law firm to:

   (a) advise the Debtor of the requirements of the Bankruptcy
       Code, the Federal Rules of Bankruptcy Procedure, applicable

       local rules pertaining to the administration of the case
       and U.S. Trustee Guidelines related to the daily operation
       of the Debtor's business and administration of the estate;

   (b) represent the Debtor in all proceedings before the Court;

   (c) negotiate with creditors, prepare and seek confirmation of
       a plan of reorganization and related documents, and assist
       the Debtor with implementation of any plan; and

   (d) perform all other legal services for the Debtor as may be
       necessary in connection with the case.

The law firm will be paid at these hourly rates:

       Attorneys                $225-$375
       Legal Assistants and
       Paralegals               $95-$135

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

The Debtor paid the law firm a prepetition retainer in the amount
of $20,000. However, the amount has been billed against and
depleted for pre-petition work.

Brett A. Elam, member of the law firm, assured the Court that the
firm is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code and does not represent any interest
adverse to the Debtor and its estate.

The law firm can be reached at:

       Brett A. Elam, Esq.
       THE LAW OFFICES OF BRETT A. ELAM, P.A.
       105 S. Narcissus Avenue, Suite 802
       West Palm Beach, FL 33401
       Tel: (561) 833-1113

           About Miami Neurological Institute, LLC

Miami Neurological Institute, LLC dba Advanced Neuro Spine
Institute, filed a Chapter 11 petition (Bankr. S.D. Fla. Case No.
17-10703), on January 25, 2017.  The Petition was signed by Juan
Ramirez, managing member.  The case is assigned to Judge Laurel M.
Isicoff.  The Debtor is represented by Brett A. Elam, Esq.,
Farber + ELam, LLC.  At the time of filing, the Debtor estimated
assets at $0 to $50,000 and liabilities at $1 million to $10
million.


AIR DISTRIBUTING: Taps Tyler Bartl as General Bankruptcy Counsel
----------------------------------------------------------------
Air Distributing Co., Inc seeks permission from U.S. Bankruptcy
Court for the Eastern District of Virginia, Alexandria Division, to
employ Gregory H. Counts and the law firm of Tyler, Bartl, Ramsdell
& Counts, P.L.C. to perform legal services.

Professional Services to be rendered by the counsel are:

     a. Serve as general bankruptcy counsel;

     b. assist with required schedules and related forms;

     c. represent the Debtor at creditors' meetings;

     d. advise the Debtor of its duties and responsibilities under
the Bankruptcy Code;

     e. assist in preparing monthly financial forms;

     f. analyze cash flow and financial matters;

     g. assist and advise the Debtor in connection with executory
contracts;

     h. draft documents to reflect agreements with creditors;

     i. resolve motions for relief from stay and adequate
protection;

     j. negotiate for obtaining financing and use of cash
collateral, as necessary;

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

     l. work with creditors' committee and other counsel, if any;
working on any disclosure statement and plan of reorganization; and


     m. handle other matters that arise in the normal course of
administration of this bankruptcy estate.

Tyler, Bartl, Ramsdell & Counts, P.L.C. will charge the Debtor at
its usual and customary hourly rates which currently range from
$330.00 to $400.00 per hour and is currently $330.00 per hour for
Mr. Counts, and for any out-of-pocket expenses incurred.

Tyler, Bartl, Ramsdell & Counts, P.L.C. believe and therefore
represent that they are disinterested persons within the meaning of
11 U.S.C. Section 327.

The Firm can be reached through:

     Gregory H. Counts, Esq.
     TYLER, BARTL, RAMSDELL & COUNTS, P.L.C.
     300 N. Washington Street, Suite 310
     Alexandria, VA 22314
     Tel: 703-549-5001
     Fax: 703-549-5011
     Email: gcounts@tbrclaw.com

                              About Air Distributing Co

Air Distributing Co filed a voluntary petition under chapter 11 of
the Bankruptcy Code on December 20, 2016 (Bankr. E.D.Va. Case No.
16-14272). The petition was signed by Mark Wolfe, president.

Gregory H. Counts, Esq. of Tyler, Bartl, Ramsdell & Counts, PLC,
represents the Debtor. The case is assigned to Judge Brian F.
Kenney.

At the time of filing, the Debtor estimates $100,000 to $500,000 in
assets and $1 million to $10 million in liabilities.


ALESSI FAMILY: May Continue Using Cash Collateral
-------------------------------------------------
Judge John K. Olson of the U.S. Bankruptcy Court for the Southern
District of Florida authorized The Alessi Family Limited
Partnership to continue using cash collateral.

The Court's order provides that the Debtor is authorized to use
cash collateral to pay only those amounts specified on the Budget
that was attached to its Motion.  The Debtor is also authorized to
pay any fee due, or to become due, to the Office of the U.S.
Trustee, pending further Court Order.

Fusion Homes, LLC, a creditor, objected to the Debtor's Second
Emergency Motion for Use of Cash Collateral.  That Opposition was
withdrawn at the Cash collateral hearing on Jan. 31.

A full-text copy of the Order, dated February 2, 2017, is available
at https://is.gd/hMiuve

                      About The Alessi Family

The Alessi Family Limited Partnership owns and operates two
residential buildings.  One is located at 1941 Washington Street,
Hollywood, Florida and consists of eight separate residential
apartments.  The other is located at 1956 Lincoln Street,
Hollywood, Florida and consists of 10 separate residential
apartments.

The Alessi Family Limited Partnership filed a chapter 11 petition
(Bankr. S.D. Fla. Case No. 16-25093) on Nov. 9, 2016.  The petition
was signed by Daniel A. Alessi, general partner.  The case is
assigned to Judge John K. Olson.  At the time of the filing, the
Debtor had estimated $1 million to $10 million both assets and
liabilities.  The Debtor is represented by Brian S. Behar, Esq., at
Behar, Gutt & Glazer, P.A.

An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of The Alessi Family Limited
Partnership as of Dec. 23, according to a court docket.


ALIANZA TRINITY: Wants May 25 Extension of Plan Filing Period
--------------------------------------------------------------
Alianza Trinity Development Group, LLC asks the U.S. Bankruptcy
Court for the Southern District of Florida to extend its exclusive
periods for filing a chapter 11 plan and soliciting votes on the
plan, through May 25, 2017 and July 24, 2017, respectively.

The Debtor currently has until February 24, 2017, to file a chapter
11 plan, and until April 25, 2017, to solicit acceptances to the
plan.

The Debtor is engaged in the business of owning and developing
1,690 acres of real estate in the mountains near Asheville, North
Carolina, consisting of home sites and a hotel site, condominiums,
an equestrian center, golf club and restaurant that are used by
homeowners on the site.

The Debtor relates that in accordance with a sale process and time
table agreed to by the Debtor's secured creditor, Lantern Business
Credit, LLC, the Official Committee of Unsecured Creditors and the
Debtor's Court approved broker, it seeks to market and sell all of
its real and personal property, free and clear of all interests,
liens, claims and encumbrances, with all such interests, liens,
claims and encumbrances to attach to the proceeds of sale, for the
benefit of creditors and other parties in interest.  

The Debtor further relates that it is finalizing a motion to
approve sale procedures which provides that:

     -- a stalking horse bidder will be identified by March 30,
2017,

     -- a motion to sell the Debtor's assets to the stalking horse
bidder, subject to any higher and better bids, will be filed by
April 3, 2017, and

     -- an auction will take place on April 26, 2017.

         About Alianza Trinity Development Group, LLC.

Alianza Trinity Development Group, LLC, filed a Chapter 11 petition
(Bankr. S.D. Fla. Case No. 16-24483) on October 27, 2016, and is
represented by Thomas R. Lehman, Esq., at Levine Kellogg Lehman
Schneider + Grossman LLP, in Miami, Florida.  At the time of
filing, the Debtor had estimated assets and liabilities of $10
million to $50 million.

The petition was signed by Omar Botero, manager & CEO of Alianza
Holdings, LLC, as managing member of Alianza Trinity Development
Group, LLC.

The Office of the U.S. Trustee appointed a three-member committee
of unsecured creditors in the Debtor's case on December 2, 2016.


ALLIED PORTABLES: Seeks to Hire Johnson Pope as Legal Counsel
-------------------------------------------------------------
Allied Portables, LLC seeks approval from the U.S. Bankruptcy Court
for the Middle District of Florida to hire legal counsel.

The Debtor proposes to hire Johnson, Pope, Bokor, Ruppel & Burns
LLP to give legal advice regarding its duties under the Bankruptcy
Code, and provide other legal services related to its Chapter 11
case.

Michael Markham, Esq., at Johnson, Pope, will be paid an hourly
rate of $395 for his services.

Mr. Markham disclosed in a court filing that his firm does not
represent any creditor or person adverse to the Debtor or its
bankruptcy estate.

The firm can be reached through:

     Michael C. Markham, Esq.
     Johnson, Pope, Bokor, Ruppel & Burns LLP
     P.O. Box 1100 (33601-1100)
     401 E. Jackson St., Suite 3100
     Tampa, FL 33602
     Tel: 813-225-2500
     Fax: 813-223-7118
     Email: mikem@jpfirm.com

                      About Allied Portables

Allied Portables, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M. D. Fla. Case No. 17-00865) on February
1, 2017.  The petition was signed by Connie L. Adamson, president,
treasurer, authorized member.  

The case is assigned to Judge Caryl E. Delano.

At the time of the filing, the Debtor estimated assets of less than
$500,000 and liabilities of $1 million to $10 million.


ALLY FINANCIAL: Reports $1.1 Billion Net Income in 2016
-------------------------------------------------------
Ally Financial Inc. issued a press release announcing preliminary
operating results for the fourth quarter and full year ended Dec.
31, 2016.

Pre-tax income from continuing operations of $1.6 billion, up $188
million compared to 2015, due to continued strong contributions
from lending businesses which were supported by strong deposit
growth.

Net income of $1.1 billion, compared to $1.3 billion in the prior
year.  2015 results were impacted by $392 million in income from
discontinued operations primarily from the sale of Ally’s former
joint venture in China.  Further, 2015 net income available to
common was impacted by the redemption of Series G and repurchase of
Series A preferred securities totaling $2.6 billion.

Net financing revenue improved to $3.9 billion, up $188 million
from the prior year, with deposit and retail auto loan growth more
than offsetting a decline in net lease revenue resulting from
declining portfolio balances and declining used vehicle values.

Other revenue increased $388 million over the prior year from
contributions from the insurance and corporate finance businesses,
the Company's leading online auto auction, SmartAuction, as well as
favorable investment gains.  In 2015, other revenue was impacted by
approximately $341 million of charges related to the Company's
liability management efforts.

Provision expense up $210 million over 2015, due to a deliberate
shift to originate a more profitable loan mix and retail auto
portfolio growth.

Adjusted earnings per share improved 8% in 2016 to $2.16.

Full year NIM of 2.63%, including OID of 4 basis points, up 6 basis
points year-over-year.  Excluding OID, NIM was 2.67%, improving 7
basis points year-over-year, as a result of higher asset yields.

Auto originations totaled $36.0 billion in 2016, down from $41.0
billion, with continued focus on portfolio optimization and capital
deployment.

Net income of $248 million, compared to $263 million in the prior
year quarter, as higher total revenues were more than offset by
increased provision and noninterest expense.

Other revenue increased $36 million year-over-year, due to auto
finance-related fee income, revenue from online brokerage and
improved results in the corporate finance business.

Provision expense increased $27 million, compared to the prior year
quarter, to $267 million, driven by higher retail auto loan
provision, partially offset by lower mortgage loan reserves.
Noninterest expense was up $53 million year-over-year due to
continued growth in auto lending and deposits as well as new
product expansion initiatives, including online brokerage.

Ally Chief Executive Officer Jeffrey Brown commented on the
financial results: "In 2016, Ally made significant progress in its
evolution as a leading, digital financial services company, and has
strong momentum heading into 2017."

"Operational performance improved across the board, including
record deposit growth and improved risk-adjusted returns in retail
auto finance.  Our efforts to fortify and grow our businesses have
strengthened the company's financial performance and, as a result,
we expect earnings growth to accelerate over the next several
years.  Significant progress was also made in optimizing our
capital structure as Ally eliminated preferred dividends,
introduced a common dividend and repurchased significant amounts of
stock to further drive long-term shareholder value creation."

"Long term, we remain focused on plans to gradually diversify the
asset base and sources of revenue.  Efforts to expand other parts
of the company are generating real results, including the corporate
finance group which saw a 42% increase in pre-tax income.  We've
also introduced several key initiatives to broaden our offerings,
including wealth management, and a direct-to-consumer mortgage
product.  Further, new partnerships within our auto finance
business established in 2016 position Ally well for the ongoing
evolution in consumer preferences that are impacting all aspects of
the auto industry."

"Looking ahead, Ally’s customer-centric value proposition
continues to resonate in the marketplace, laying a solid foundation
for future growth.  Our new brand campaign, Do It Right, truly sums
up our relentless focus in delivering for customers, communities we
serve, Ally associates across the country, and our shareholders."

Capital

Returned over $400 million of capital to shareholders in 2016.
Repurchased $326 million of common shares or approximately 3.5% of
shares outstanding, since July 2016.  Paid quarterly common
dividend of $0.08 per share in the third and fourth quarters.
Ally’s board of directors approved a $0.08 per share dividend for
the first quarter of 2017.

Total equity of $13.3 billion at quarter-end, down from $13.6
billion at the end of the prior quarter.

Preliminary fully phased-in Basel III Common Equity Tier 1 (CET1)
capital ratioA of 9.1%, remained strong with the slight decline
compared to last quarter the result of seasonally higher commercial
balances and strong retail originations.

Liquidity & Funding

Consolidated cash and cash equivalents of $5.9 billion at
quarter-end, up from $4.3 billion at the end of the third quarter.
Included in this quarter's cash balance are $4.3 billion at Ally
Bank and $0.9 billion at the insurance subsidiary.

The Company did not issue any new term U.S. auto securitizations in
the quarter.  For the year, the company executed $10.8 billion in
new secured and unsecured funding and liquidity, including $5.1
billion in new term auto securitizations, $2.5 billion in whole
loan sales, $2.3 billion in new credit facilities and $900 million
in unsecured bond issuances.

Approximately 75% of Ally's total assets and 86% of total consumer
auto originations were funded at Ally Bank in the fourth quarter.

Deposits now represent approximately 54% of Ally's funding
portfolio, improving from 47% a year ago.

Deposits

Total deposits at Ally Bank grew to $79.0 billion at year-end.
Retail deposits increased to $66.6 billion at year-end, up $2.7
billion for the quarter and up $11.1 billion year-over-year, with
growth predominately being driven by savings products.

Deposit customer base grew 16% year-over-year, totaling more than
1.2 million customers at year-end, adding approximately 166,000
customers in 2016.  Millennials continue to comprise the largest
generation segment of new customers at more than 50% in 2016.

Kiplinger's named Ally "Best All-Around Online Bank" in recognition
of its no-fee checking accounts and higher than average savings and
money market deposit account yields.

Brand awareness reached an all-time high of 57% at year-end, as
measured via a monthly online survey by Hansa, a market research
firm, on behalf of Ally.

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

                      https://is.gd/93yE4g

                      About Ally Financial

Ally Financial Inc., formerly GMAC Inc. -- http://www.ally.com/--
is one of the world's largest automotive financial services
companies.  The Company offers a full suite of automotive
financing products and services in key markets around the world.
Ally's other business units include mortgage operations and
commercial finance, and the company's subsidiary, Ally Bank,
offers online retail banking products.  Ally operates as a bank
holding company.

GMAC obtained a $17 billion bailout from the U.S. government in
exchange for a 56.3 percent stake.  Private equity firm Cerberus
Capital Management LP keeps 14.9 percent, while General Motors Co.
owns 6.7 percent.

Ally reported net income of $1.28 billion on $4.86 billion of total
net revenue for the year ended Dec. 31, 2015, compared to net
income of $1.15 billion on $4.65 billion of total net revenue for
the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Ally Financial had $157.4 billion in total
assets, $143.8 billion in total liabilities and $13.63 billion in
total equity.

                           *     *     *

As reported by the TCR on Oct. 14, 2016, S&P Global Ratings said it
revised its outlook on Ally Financial to stable from positive and
affirmed the 'BB+' long-term issuer credit rating.

"The revised outlook reflects weakening credit conditions in the
vehicle finance industry, in our view, which represents the
majority of Ally's business," said S&P Global Ratings credit
analyst Matthew Carroll.

In the April 3, 2014, edition of the TCR, Fitch Ratings has
upgraded Ally Financial Inc.'s long-term Issuer Default Rating
(IDR) and senior unsecured debt rating to 'BB+' from 'BB'.
The rating upgrade reflects increased clarity around Ally's
ownership structure given Ally's recent announcement that it has
launched an initial public offering those shares of its common
stock held by the U.S. Treasury (the Treasury).

As reported by the TCR on July 16, 2014, Moody's Investors Service
affirmed the 'Ba3' corporate family and 'B1' senior unsecured
ratings of Ally Financial and revised the outlook for the
ratings to positive from stable.  Moody's affirmed Ally's ratings
and revised its rating outlook to positive based on the company's
progress toward sustained improvements in profitability and
repayment of government assistance received during the financial
crisis.


ALVION PROPERTIES: Disbursing Agent Taps Carmody to Replace Desai
-----------------------------------------------------------------
Robert E. Eggmann, Disbursing Agent of Alvion Properties, Inc.,
seeks authority from the U.S. Bankruptcy Court for the Southern
District of Illinois to replace Desai Eggman Mason LLC, the former
counsel, with Carmody MacDonald P.C., as new counsel to the
Disbursing Agent.

On January 12, 2016, the bankruptcy Court entered an Order
Authorizing Employment of Attorney for Robert E. Eggmann,
Disbursing Agent, allowing the employment of the law firm of Desai
Eggmann as counsel for the Disbursing Agent. However, most of the
attorneys in the law firm of Desai Eggmann merged their practices
with Carmody MacDonald, effective November 1, 2016.

Mr. Eggmann requires Carmody MacDonald to provide legal services
with respect to his duties as Disbursing Agent.

Carmody MacDonald will be paid at these hourly rates:

     Attorneys               $375
     Paralegal               $170

Carmody MacDonald will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Robert E. Eggmann, member of Carmody MacDonald P.C., assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Carmody MacDonald can be reached at:

     Robert E. Eggmann, Esq.
     CARMODY MACDONALD P.C.
     120 S. Central Avenue, Suite 1800
     St. Louis, MI 63105
     Tel: (314) 854-8600
     Fax: (314) 854-8660

                About Alvion Properties

Alvion Properties, Inc., is a Virginia corporation formed in 1995
with the placement of real property and mineral rights it owns
today. Alvion owns 1,295 acres of undeveloped land, with
significant coal reserves along with timber and building stone, in
Scott County, Virginia. Alvion also owns an additional 3,219 acres
of mineral rights in property north of its fee simple ownership.

The current stockholders are Harold M. (Jack) Reynolds and Shirley
Medley. Mr. Reynolds owns several entities involved in the coal
business. Shirley and her family also owned coal mines from 1970 to
2010.

Alvion Properties filed a Chapter 11 bankruptcy petition (Bankr.
S.D. Ill. Case No. 15-40462) on May 14, 2015. Karnes Medley, the
president, signed the petition.

The Debtor disclosed total assets of $1 billion and total debt of
$2.7 million in its petition.

Antonik Law Offices serves as the Debtor's counsel.

The meeting of creditors was held on June 17, 2015.

The U.S. trustee overseeing the Chapter 11 case appointed four
creditors to serve on the official committee of unsecured
creditors. Pachulski Stang Ziehl & Jones LLP and Bryan Cave LLP
represent the Creditors Committee.

Robert E. Eggmann has been named as Disbursing Agent of Alvion
Properties.


AMERIGAS PARTNERS: Fitch Assigns BB Rating to Unsec. Notes Due 2027
-------------------------------------------------------------------
Fitch Ratings has assigned a 'BB/RR3' rating to AmeriGas Partners,
LP's (APU) senior unsecured note offering due 2027. The notes are
being co-issued with AmeriGas Finance Corp. Proceeds are expected
to be used to repay in full AmeriGas Finance's remaining
outstanding notes due in 2022, guaranteed by APU, and for general
partnership purposes. Fitch believes the proposed debt tender
transaction to be marginally positive for APU, with the potential
for modest interest savings and the extension of maturities.

Fitch's Long-Term Issuer Default Rating (IDR) for APU and its fully
guaranteed financing co-borrower, AmeriGas Finance Corp. is 'BB'.
The Rating Outlook is Stable.

APU's ratings reflect the underlying strength and size of its
retail propane distribution network, broad geographic reach,
adequate credit metrics, and proven ability to manage unit margins
under various operating conditions. APU's financial performance
remains sensitive to weather conditions and general customer
conservation, and the partnership must continue to manage volatile
supply costs and customer conservation.

Fitch believes APU management has exhibited its ability and intent
to maintain a stable balance sheet and consistent credit metrics
even in the face of varying market conditions and growth through
acquisitions. APU has proven adept at managing operating costs,
distribution policies, and integrating acquisitions.

KEY RATING DRIVERS

Scale of Business: APU is the largest retail propane distributor in
the country, providing it with significant customer and geographic
diversity. This broad scale and diversity helps to dampen the
weather related volatility of cash flows. APU is the largest retail
propane distributor in the United States with an estimated 15%
market share serving approximately 2 million customers. AmeriGas
has approximately 1,900 locations in all 50 states. Retail gallon
sales are fairly evenly distributed by geography limiting the
impact that unseasonably warm weather could have on a regional
basis.

High Degree of Seasonality: A high percentage of APU's earnings are
derived in the first two quarters of each fiscal year (September
fiscal year-end). APU's 2016 results were negatively impacted by an
abnormally warm winter season nationally, given the effect of last
winter's El Nino weather pattern. Fitch notes that while a repeat
of last year's El Nino warmer winter weather has a low probability
of repeating, APU's business nevertheless remains sensitive to
weather fluctuations and highly dependent on the winter heating
season. APU's cylinder exchange business affords some seasonal
diversity, and national accounts are a steady year round earnings
provider.

Customer Conservation/Attrition: Fitch's primary concern about the
retail propane industry continues to be customer conservation and
attrition. Customer conservation and switching to electric heat
reduces propane demand during high usage periods. Recent propane
price declines and expectations for some price stability at or near
current low levels have alleviated some conservation demand
destruction. Electricity remains the largest competing heat source
to propane, but customer migration to natural gas remains a
longer-term competitive factor as natural gas utilities look to
build out systems to serve areas previously only served by propane
and electricity providers.

KEY ASSUMPTIONS

Fitch's key assumptions within the rating case for the issuer
include:
-- Retail and wholesale sales consistent with recent history;
-- Retail and wholesale pricing consistent with current pricing,
    prices rising modestly (approximately 1% to 2% per year) in
    the outer years;
-- Growth and maintenance capital spending of between $105
    million and $115 million annually.

RATING SENSITIVITIES

Positive: Future developments that may, individually or
collectively, lead to positive rating action include:

-- If leverage (debt/EBITDA) were to improve to between 3.0x to
    3.5x on a sustained basis and distribution coverage were
    expected to remain 1.1x or above on a sustained basis, Fitch
    would consider a positive ratings action.

Negative: Future developments that may, individually or
collectively, lead to a negative rating action include:

-- Leverage above 4.5x times on a sustained basis, with
    distribution coverage below 1.0x would likely lead to a rating

    downgrade.
-- Accelerating deterioration in declining customer, margin and
    or volume trends could lead to a negative ratings action.

LIQUIDITY

Liquidity is adequate, and maturities are manageable. APU's
liquidity is supported by a $525 million revolving credit facility
that is typically used to fund any short-term borrowing needs.
APU's short-term borrowing needs are seasonal and are typically
greatest during the fall and winter heating-season months due to
the need to fund higher levels of working capital. Availability
under the revolver at Dec. 31, 2016 was $380.3 million.

The offering and the proposed tender is expected to push any
significant maturities at APU out to 2024, alleviating near-term
refinancing risks. Fitch does not expect APU to require any
external financing and leverage should remain fairly constant
between 3.5x and 4.25x (debt/EBITDA).

FULL LIST OF RATING ACTIONS

Fitch rates APU's offering of senior unsecured notes 'BB/RR3.'

Fitch currently rates APU:

AmeriGas Partners, L.P./AmeriGas Finance Corp.
-- Long-term IDR 'BB';
-- Senior unsecured debt 'BB/RR3'.

The Rating Outlook is Stable.


AMERIGAS PARTNERS: Moody's Rates New $525MM Unsec. Notes 'Ba3'
--------------------------------------------------------------
Moody's Investors Service assigned a Ba3 rating to AmeriGas
Partners, L.P.'s (AmeriGas) proposed $525 million senior unsecured
notes due 2027. AmeriGas' other ratings and stable outlook were
unchanged given that this transaction is primarily a refinancing
with little effect on financial leverage. Proceeds from this
offering will be used to tender the remaining portion of the 7%
senior notes due 2022 and to cover related expenses.

Issuer: AmeriGas Partners, L.P.

Assignment:

-- $525 Million Senior Unsecured Notes due 2027, Assigned Ba3
(LGD4)

RATINGS RATIONALE

The proposed unsecured notes will rank equally in right of payment
with AmeriGas' existing 2024, 2025 and 2026 senior notes in a
potential default scenario and therefore, were assigned the same
Ba3 rating. The senior notes are rated one notch below the Ba2
Corporate Family Rating (CFR) because of the significant size ($525
million) of the priority-claim credit facility in AmeriGas' capital
structure.

AmeriGas' Ba2 CFR reflects its leading market position in the US
propane distribution industry, broad geographic footprint in the
US, and increasing but manageable leverage profile. The CFR also
considers the seasonal and volatile nature of propane sales, the
challenging dynamics of the propane distribution industry, which is
fragmented, highly competitive and slowly declining, and the Master
Limited Partnership (MLP) legal structure, which entails high cash
payouts to unitholders.

The stable outlook reflects AmeriGas' diversified and leading
market position in propane distribution and its manageable leverage
profile. If AmeriGas is able to sustain a debt/EBITDA ratio below
3.5x and remain committed to the lower leverage threshold, an
upgrade could be considered. If the debt/EBITDA ratio exceeds 5x,
the rating could be downgraded. Any material debt funded
acquisitions or distributions would also pressure the CFR.

The principal methodology used in this rating was Global Midstream
Energy published in December 2010.

AmeriGas Partners, L.P. is a publicly traded master limited
partnership that is the largest retail propane distributor in the
United States based on volumes of propane distributed annually.


AMPLIPHI BIOSCIENCES: Names Igor Bilinsky Chief Operating Officer
-----------------------------------------------------------------
AmpliPhi Biosciences Corporation appointed Igor P. Bilinsky, Ph.D.
as the Company's senior vice president, chief operating officer,
effective Jan. 30, 2017, replacing Wendy S. Johnson in the chief
operating officer capacity.  Ms. Johnson, who served as the
Company's interim chief operating officer from September 2014 until
Dr. Bilinsky's appointment, continues to serve as a director of the
Company and has agreed to also provide certain transition and other
consulting services to the Company pursuant to the consulting
agreement.

Dr. Bilinsky, age 44, previously served as senior vice president,
research operations and general manager, Immuno-Oncology of Ignyta,
Inc. from February 2016 to January 2017, and before that served as
Ignyta's general manager, Immuno-Oncology and senior vice
president, special operations since September 2015.  Prior to
joining Ignyta, Dr. Bilinsky was senior vice president, corporate
development at Vical Incorporated, a position he held since 2010.
Dr. Bilinsky was previously vice president, Business Development
and special operations at Halozyme Therapeutics from 2008 to 2010,
after joining Halozyme in 2007 as executive director, Corporate
Development and Special Operations.  From 2005 to 2007, Dr.
Bilinsky was chief executive officer of Androclus Therapeutics, a
privately-held biotechnology company developing novel therapeutics
for autoimmune and inflammatory diseases.  He joined Androclus in
2004 as chief operating officer.  From 1999 to 2004, Dr. Bilinsky
served in positions of increasing responsibility as a management
consultant, project leader and ultimately as principal in the
healthcare practice of the Boston Consulting Group, where he
advised companies in the biotechnology, pharmaceutical and life
science industries on business strategy, operational performance
and mergers and acquisitions.  Prior to joining the Boston
Consulting Group, Dr. Bilinsky worked in research positions at
Symyx Technologies and the Massachusetts Institute of Technology
Lincoln Laboratory.  Dr. Bilinsky received his B.S. degree in
physics from the Moscow Institute of Physics and Technology and his
Ph.D. degree in physics from MIT.

In connection with Dr. Bilinsky's appointment, the Company entered
into an offer letter agreement with Dr. Bilinsky.  Pursuant to the
Offer Letter, the Company agreed to provide Dr. Bilinsky with the
following compensation: (i) annual base salary of $350,000; and
(ii) eligibility to receive annual performance-based bonuses, with
an initial target bonus of 40% of his base salary.  In addition,
effective Jan. 30, 2017, the Company's board of directors granted
Dr. Bilinsky a stock option to purchase 247,322 shares of the
Company's common stock at an exercise price of $0.46 per share,
which is equal to the closing price of the Company's common stock
on the NYSE MKT on Jan. 30, 2017.  Twenty-five percent of the
shares underlying the option vest on the one-year anniversary of
the commencement of Dr. Bilinsky's employment with the Company, and
the balance of the shares vest in equal monthly installments over
the following 36 months, subject to Dr. Bilinsky's continued
service with the Company.  In the event Dr. Bilinsky is terminated
without "cause" or resigns for "good reason" (as those terms are
defined in the Offer Letter) within one month before or 12 months
after a change in control of the Company, any shares subject to the
option that remain unvested at the time of such termination or
resignation will become vested.  Dr. Bilinsky's option grant is
subject to the terms of the Company's 2016 Equity Incentive Plan
and stock option grant notice and option agreement thereunder.  In
addition, the Offer Letter provides that if Dr. Bilinsky is
terminated without cause or resigns for good reason from his
employment with the Company, Dr. Bilinsky will be entitled to
receive severance benefits in the form of salary continuation at
the rate of his base salary in effect at the time of his
termination or resignation for a period of 12 months, subject to
the Company's timely receipt of an effective release and waiver of
claims.  Pursuant to the Offer Letter, the Company also expects to
grant Dr. Bilinsky a stock option following the completion of the
Company's next financing transaction, which option would be
exercisable for a number of shares equal to 1% of the total issued
and outstanding shares of common stock following such transaction.
Such additional stock option would have the same vesting schedule
as the stock option granted to Dr. Bilinsky on Jan. 30, 2017.

On Feb. 1, 2017, the Company entered into a consulting agreement
with Ms. Johnson, pursuant to which Ms. Johnson has agreed to
provide consulting services to the Company in the areas of
clinical, regulatory, manufacturing and other operating activities
as deemed necessary by the Company's chief executive officer and
chief operating officer.  Ms. Johnson will be entitled to receive
cash compensation in the amount of $25,000 for services performed
over an initial service period that extends for 60 days following
the date of the Consulting Agreement.  After the initial 60-day
service period, Ms. Johnson may provide additional services to the
Company on a project-by-project basis, as mutually agreed with the
Company, in exchange for compensation at an hourly rate.  The
Consulting Agreement replaces Ms. Johnson's former consulting
agreement with the Company, dated Sept. 3, 2015, as amended, under
which Ms. Johnson previously provided services as the Company's
interim chief operating officer.

The Consulting Agreement may be terminated by the Company or Ms.
Johnson for convenience, and will remain in effect until
terminated.

                       About AmpliPhi

AmpliPhi Biosciences Corp. is a biotechnology company focused on
the discovery, development and commercialization of novel phage
therapeutics.  Its principal offices occupy approximately 1,000
square feet of leased office space pursuant to a month-to-month
sublease, located at 3579 Valley Centre Drive, Suite 100, San
Diego, California.  It also leases approximately 700 square feet of
lab space in Richmond, Virginia, approximately 5,000 square feet of
lab space in Brookvale, Australia, and approximately 6,000 square
feet of lab and office space in Ljubljana, Slovenia.

As of Sept. 30, 2016, the Company had $26.03 million in total
assets, $7.80 million in total liabilities and $18.22 million in
total stockholders' equity.

Ampliphi reported a net loss attributable to common stockholders of
$10.79 million for the year ended Dec. 31, 2015, compared to net
income attributable to common stockholders of $21.82 million.

"[T]he Company has incurred net losses since its inception, has
negative operating cash flows and has an accumulated deficit of
$371.9 million as of September 30, 2016, $56.4 million of which
has been accumulated since January of 2011, when the Company began
its focus on bacteriophage development.  As of September 30, 2016,
the Company had cash and cash equivalents of $4.0 million.
Management believes that the Company's existing resources will be
sufficient to fund the Company's planned operations through the end
of 2016.  These circumstances raise substantial doubt about the
Company's ability to continue as a going concern," as disclosed in
the Company's quarterly report for the period ended Sept. 30, 2016.


AMWINS GROUP: S&P Affirms Then Withdraws 'B+' CCR
-------------------------------------------------
S&P Global Ratings said it affirmed its 'B+' long-term corporate
credit rating and all its issue-level ratings on AmWINS Group LLC.
The outlook is stable.  Subsequently, S&P withdrew all its ratings
on AmWINS Group LLC at the company's request.

"The withdrawal follows AmWINS Group LLC's repayment of its
outstanding debt as a result of refinancing in January 2017." said
S&P Global Ratings credit analyst Ieva Rumsiene.  All debt resides
under AmWINS Group Inc. now, which S&P also rates.



ANTELOPE VALLEY: Moody's Affirms Ba3 CFR; Outlook Negative
----------------------------------------------------------
Moody's Investors Service affirms the Ba3 assigned to Antelope
Valley Healthcare District's, CA, (AVHD) bonds. The rating action
applies to approximately $126 million of rated debt. The rating
outlook remains negative.

Affirmation of the Ba3 reflect's Antelope Valley Healthcare
District's (AVHD) fundamentally strong market position as the
largest hospital in its service area, stable cash position, and
large recipient of supplemental funding, balanced against several
significant challenges.

Major challenges include a multi-year track-record of management
turnover, volume declines over the last year, and challenged labor
relations under a prior management team that contributed to a
nursing strike during FY 2017 and the continuation of position
vacancies.

Rating Outlook

Maintenance of the negative outlook reflects ongoing utilization
and labor challenges, and the recent history of poor governance.

Factors that Could Lead to an Upgrade

Stabilization of senior management

Growth in patient volumes

Sustained improvement of operating cash flow

Factors that Could Lead to a Downgrade

Further turnover in senior management

Inability to stabilize and ultimately grow patient volumes

Material reductions of supplemental funding leading to weaker
operating cash flow

Legal Security

The bonds are secured by a revenue pledge. Key financial covenants
include a minimum days cash of 55 days and annual debt service
coverage of 1.2x.

Use of Proceeds

Not applicable

Obligor Profile

AVHD operates 420 licensed bed Antelope Valley Hospital, an acute
care hospital located in Lancaster, CA. AVHD is a political
subdivision of the State of California and is governed by a
five-member elected board of directors.

Methodology

The principal methodology used in this rating was Not-For-Profit
Healthcare Rating Methodology published in November 2015.


ANTERO MIDSTREAM: Moody's Alters Outlook to Stable, Affirms Ba2 CFR
-------------------------------------------------------------------
Moody's Investors Service revised Antero Midstream Partners LP's
(AMPLP) rating outlook to stable from negative and simultaneously
affirmed the partnership's Ba2 Corporate Family Rating (CFR),
Ba2-PD Probability of Default Rating (PDR), B1 senior unsecured
notes rating and SGL-3 Speculative Grade Liquidity Rating.

The outlook revision was prompted by a change in Antero Resources
Corporation's (Antero, Ba2 stable) rating outlook, which Moody's
changed to stable from negative. Antero is AMPLP's sole customer
and AMPLP's midstream assets are deeply integrated within Antero's
upstream operations. Roughly 61% of AMPLP's limited partnership
units are owned by Antero.

Issuer: Antero Midstream Partners LP

Outlook:

-- Changed to Stable from Negative

Ratings Affirmed:

-- Corporate Family Rating, Affirmed Ba2

-- Probability of Default Rating, Affirmed Ba2-PD

-- Senior Unsecured Notes, Affirmed B1 (LGD5)

-- Speculative Grade Liquidity Rating, Affirmed SGL-3

RATINGS RATIONALE

The Ba2 CFR reflects AMPLP'S stand-alone credit profile of Ba3 with
one notch of uplift to reflect its strategic and operational
importance to Antero Resources Corporation. AMPLP has long term
fee-based gathering, compression and water handling contracts with
Antero, and substantially all of Antero's current as well as all
future acreage in West Virginia, Pennsylvania and Ohio has been
dedicated to AMPLP. The credit profile also reflects AMPLP's low
financial leverage of 2.4x and excellent organic growth prospects.
Antero is the most active E&P operator in Appalachia, one of the
lowest cost natural gas producing regions in the United States.
Antero expects to grow production in excess of a 20% annual rate
over the next several years and has significant commodity price
hedge protection. The rating is constrained by AMPLP's small scale
relative to higher rated midstream Master Limited Partnerships
(MLPs), reliance on a single customer, narrow geographic focus,
significant growth capital requirements through 2018, and higher
business risks involving its water handling and gathering and
compression businesses that are dependent on volatile drilling
cycles. The rating also considers AMPLP's limited operating
history, MLP structure as well as Antero's credit profile. Although
AMPLP's relationship with Antero is a key credit strength, AMPLP is
unlikely to be rated above Antero's rating without much greater
customer, geographic and business diversification.

AMPLP's stable outlook is consistent with Antero's stable outlook.
Greater scale and diversification will be the primary driver of any
potential upgrade. An upgrade would also depend on Antero's CFR
moving to a higher rating level. If Antero were upgraded, Moody's
could consider an upgrade for AMPLP if the partnership can achieve
annual EBITDA of about $600 million while maintaining a debt to
EBITDA ratio below 3x and a distribution coverage ratio (FFO --
Maintenance capex / Distributions) above 1.1x. The CFR could be
downgraded if leverage approaches 4x, the distribution coverage
falls below 1x or Antero's CFR is downgraded.

The principal methodology used in these ratings was Global
Midstream Energy published in December 2010.

Antero Midstream Partners LP is a Denver, Colorado based publicly
traded MLP with gathering, compression, and water handling and
treatment assets in northwest West Virginia and southern Ohio.


ANTERO RESOURCES: Moody's Alters Outlook to Stable, Affirms Ba2 CFR
-------------------------------------------------------------------
Moody's Investors Service revised Antero Resources Corporation's
(Antero) rating outlook to stable from negative. At the same time
Moody's affirmed Antero's Ba2 Corporate Family Rating (CFR), Ba2-PD
Probability of Default Rating (PDR), Ba3 senior unsecured notes
rating and SGL2 Speculative Grade Liquidity rating.

"The outlook change reflects Moody's expectation of lower financial
leverage and less negative free flow through 2018 relative to
Moody's prior estimates," noted Sajjad Alam, Moody's Senior
Analyst. "Facing weak industry conditions, Antero has taken a
number of measures over the past year to keep its leverage in
check, including issuing over $1 billion of equity, raising $170
million from asset sales and reducing debt with those proceeds,
while also cutting operating and capital costs."

Ratings Affirmed:

Issuer: Antero Resources Corporation

-- Corporate Family Rating, Affirmed at Ba2

-- Probability of Default Rating, Affirmed at Ba2-PD

-- Speculative Grade Liquidity Rating, Affirmed at SGL-2

-- Senior Unsecured Notes, Affirmed at Ba3 (LGD5)

Issuer: Antero Resources Finance Corporation

-- Senior Unsecured Notes, Affirmed at Ba3 (LGD5)

Outlook Actions:

Issuer: Antero Resources Corporation

-- Outlook, Changed to Stable from Negative

Issuer: Antero Resources Finance Corporation

-- Outlook, Changed to Stable from Negative

RATINGS RATIONALE

Antero's Ba2 CFR is underpinned by its strong hedge book and
significant anticipated production growth through 2020, large and
efficient natural gas production platform in Appalachia that has
low geological risk and cost profile, and good liquidity. As of
September 30, 2016, Antero had $2.4 billion in unrealized hedging
gains and $3.1 billion of pro forma availability under its $4
billion committed revolving credit facility (pro forma for the
October $175 million equity private placement, the December $170
million asset sale and the December $600 million senior notes
offering), as well as a 61% ownership interest in Antero Midstream
Partners LP (AMPLP, Ba2), which had $6.1 billion in market
capitalization as of February 2, 2017. Antero's ratings are
constrained by its high financial leverage, significant projected
negative free cash flow generation due to an aggressive growth
plan, ongoing costs associated with committed but unutilized firm
transportation capacity and the high proportion of proved
undeveloped reserves that will require significant future capital
investments. Despite recent deleveraging measures, Antero is
exposed to natural gas prices that are pressured by continued
supply growth and the risk that the company's heavy capital
spending through 2018 may keep its leverage elevated over an
extended period.

Antero should have good liquidity through early-2018 which is
captured in the SGL-2 rating. Although the company will generate
significant negative free cash flow in 2017, it should be able to
fund the shortfall from a number of sources, including revolver
borrowings, the potential sale of additional Antero Midstream
units, potential hedge monetization, and/or equity market access.
Moody's expects the funding gap to narrow in 2018. As of September
30, 2016, Antero had $208 million of borrowings and $709 million
letters of credit outstanding leaving $3.1 billion of availability
under the revolving credit facility. The revolver matures on
November 9, 2019 and requires that Antero maintain a minimum
current ratio of 1x and a minimum interest coverage ratio of 2.5x -
parameters that Antero is expected to meet comfortably. The
revolver borrowing base was increased to $4.75 billion in September
2016 by Antero's lending group.

Antero's senior notes are unsecured, have upstream guarantees from
substantially all of Antero's E&P subsidiaries (excluding AMPLP),
and are subordinated to the company's $4 billion committed secured
revolving credit facility. Under Moody's Loss Given Default
Methodology, the notes are rated Ba3, one notch below the Ba2 CFR,
because of the large size of the secured credit facility, which has
a first-lien claim to Antero's assets.

The stable rating outlook reflects Antero's strong multi-year hedge
book and good liquidity. An upgrade is unlikely until there is
better alignment between Antero's operating cash flow and capital
spending and a meaningful reduction in leverage. If the company can
sustain a retained cash flow to debt ratio above 30%, an upgrade
could be considered. A downgrade is likely if Antero is unable to
sustain the ratio of retained cash flow to debt above 15% or its
capital productivity weakens materially.

The principal methodology used in these ratings was Global
Independent Exploration and Production Industry published in
December 2011.

Antero Resources Corporation is a leading natural gas and natural
gas liquids producer in the Marcellus and Utica shales in West
Virginia, Ohio and Pennsylvania.


APOLLO ENDOSURGERY: May Issue 20.3M Shares Under Incentive Plan
---------------------------------------------------------------
Apollo Endosurgery, Inc., formerly known as Lpath, Inc., completed
its business combination with what was then known as Apollo
Endosurgery, Inc. on Dec. 29, 2016, in accordance with the terms of
the Agreement and Plan of Merger and Reorganization, dated as of
Sept. 8, 2016, by and among the Company, Lpath Merger Sub, Inc. and
Private Apollo, pursuant to which Merger Sub merged with and into
Private Apollo, with Private Apollo surviving as a wholly owned
subsidiary of the Company.  Pursuant to the Merger Agreement, each
option to purchase shares of Private Apollo common stock that was
outstanding and unexercised immediately prior to the effective time
of the Merger under the Apollo Endosurgery, Inc. 2006 Stock Option
Plan and the Apollo Endosurgery, Inc. 2016 Equity Incentive Plan,
whether or not vested, was converted into and became an option to
purchase shares of Registrant common stock and the Registrant
assumed the 2006 Plan and the 2016 Plan.

Apollo Endosurgery filed a Form S-8 registration statement with the
Securities and Exchange Commission to register 20,274,531 shares of
common stock available for issuance under the Apollo Endosurgery,
Inc. 2016 Equity Incentive Plan.

A full-text copy of the Form S-8 Prospectus is available at:

                       https://is.gd/iq9dwJ

                     About Apollo Endosurgery

Apollo Endosurgery, Inc. -- http://www.apolloendo.com/-- is a
medical device company focused on less invasive therapies for the
treatment of obesity, a condition facing over 500 million people
globally, as well as other gastrointestinal disorders.  The
Company's device based therapies are an alternative to invasive
surgical procedures, thus lowering complication rates and reducing
total healthcare costs.  Apollo's products are offered in over 80
countries.

On Dec. 29, 2016, a wholly owned subsidiary of Lpath, Inc. merged
with and into Apollo Endosurgery, Inc. resulting in Original Apollo
becoming a wholly owned subsidiary of Lpath.  At the Effective
Time, Lpath effected a name change to "Apollo Endosurgery, Inc."
Each share of Original Apollo common stock (after adjusting for the
1-for-5.5 reverse split of common stock effected by the Issuer
immediately following consummation of the Merger) was exchanged for
0.31632739 shares of the Issuer's common stock at the Effective
Time of the Merger.

Lpath reported a net loss of $10.01 million on $1.59 million of
total revenues for the year ended Dec. 31, 2015, compared to a net
loss of $16.55 million on $5.08 million of total revenues for the
year ended Dec. 31, 2014.

As of Sept. 30, 2016, Lpath had $4.04 million in total assets,
$1.35 million in total liabilities and $2.69 million in total
stockholders' equity.

Moss Adams LLP, in San Diego, California, issued a "going concern"
qualification on Lpath's consolidated financial statements for the
year ended Dec. 31, 2015, citing that the Company's recurring
losses and negative operating cash flows raise substantial doubt
about the Company's ability to continue as a going concern.


ARCONIC INC: Fitch to Withdraw Ratings for Commercial Reasons
-------------------------------------------------------------
Fitch Ratings plans to withdraw the ratings on Arconic Inc. on or
about March 5, 2017, that is approximately 30 days from the date of
this NRAC, for commercial reasons.

Fitch currently rates Arconic Inc. as follows:

-- Issuer Default Rating 'BB+'; Outlook Stable;
-- Senior unsecured notes 'BB+';
-- Senior unsecured revolving credit facility 'BB+';
-- Commercial paper 'B';
-- Preferred stock 'BB-';

Fitch reserves the right in its sole discretion to withdraw or
maintain any rating at any time for any reason it deems sufficient.
Fitch believes that investors benefit from increased rating
coverage by Fitch and is providing approximately 30 days' notice to
the market of the rating withdrawal of Arconic Inc. Ratings are
subject to analytical review and may change up to the time Fitch
withdraws the ratings.

Fitch's last rating action for Arconic Inc. was on Sept. 16, 2016.
The rating on the mandatory convertible preferred stock was
withdrawn. The prior rating action for Arconic Inc. was on July 7,
2016. The ratings were removed from Rating Watch Evolving and
assigned a Stable Outlook.


ARMSTRONG WORLD: Moody's Affirms B1 Corporate Family Rating
-----------------------------------------------------------
Moody's Investors Service upgraded Armstrong World Industries,
Inc.'s Speculative Grade Liquidity Rating to SGL-1 from SGL-2,
based on Moody's expectations of solid free cash flow generation
over the next 12 months. In a related rating action, Moody's
changed Armstrong's rating outlook to positive from stable, since
operating performance and resulting credit metrics will continue to
improve.

The following ratings/assessments are affected by this action:

Corporate Family Rating affirmed at B1;

Probability of Default Rating affirmed at B1-PD;

Senior Secured Revolving Credit Facility due 2021 affirmed at B1
(LGD3);

Senior Secured Term Loan A due 2021 affirmed at B1 (LGD3); and,

Senior Secured Term Loan B due 2023 affirmed at B1 (LGD3).

Speculative Grade Liquidity Rating upgraded to SGL-1 from SGL-2.

Outlook: Positive

RATINGS RATIONALE

The upgrade of Armstrong's Speculative Grade Liquidity Rating to
SGL-1 from SGL-2 reflects Moody's views that the company will have
a very good liquidity profile over the next 12 months,
characterized by solid free cash flow generation. Moody's project
Armstrong generating $110 million of free cash flow (inclusive of
dividends from WAVE JV) over the next 12 months, its highest level
since 2009. Previous special dividends limited Armstrong's ability
to generate free cash flow. Cash on hand of approximately $142.5
million at 3Q16 will be sufficient to meet any shortfall in
operating cash flow to cover its basic cash requirements, as well
as support growth levels of working capital and capital
expenditures. The only near-term maturity is term loan
amortization, which remains manageable at $25 million.

The change in Armstrong's rating outlook to positive from stable
reflects Moody's expectations that operating performance and
resulting credit metrics will continue to improve, supporting
higher ratings. Fundamentals for US non-residential construction,
main driver of Armstrong's revenues and resulting earnings, remain
sound. Moody's project adjusted free cash flow-debt, a key rating
driver, will approach 11.0% over the next 12 to 18 months. Free
cash flow coverage is supported by higher operating margins, lower
interest payments, and working capital and CAPEX management
programs.

Armstrong's B1 Corporate Family Rating reflects robust operating
margins, providing an offset to its leveraged debt capital
structure. The WAVE JV is a critical earnings contributor. Over the
next 12-18 months, Moody's project EBITA margin remaining in the
high teens, and adjusted debt leverage nearing 3.0x by mid-2018.
Moody's projections focus on deleveraging from earnings growth and
only term loan amortization in Moody's forward view. ValueAct
Group, an activist shareholder, has a sizeable ownership position
and will influence future actions towards maximizing shareholder
returns.

An upgrade could ensue if Armstrong continues to benefit from
strength in its end market, resulting in performance and more
robust credit metrics that exceed Moody's forecasts and yields
adjusted free cash flow-debt sustained above 7.5%.

Stabilization of ratings could occur if Armstrong's operating
performance falls below Moody's expectations, resulting in the
following credit metrics (ratios include Moody's standard
adjustments) and characteristics:

-- EBITA-to-interest expense sustained near 3.0x

-- Debt-to-EBITDA remaining above 4.5x

-- Significant levels of dividends or share repurchases

-- Large debt-financed acquisitions

-- Deterioration in liquidity

The principal methodology used in these ratings was Global
Manufacturing Companies published in July 2014.

Armstrong World Industries, Inc. ("Armstrong"), headquartered in
Lancaster, PA, is a global manufacturer and distributor of ceiling
systems used in construction and renovation of commercial and
institutional buildings. ValueAct Group is the majority shareholder
of Armstrong, owning about 17% of the company's stock. Revenues for
the 12 months through September 30, 2016 totaled approximately $1.2
billion on a pro forma basis following the spin-off of its flooring
business on April 1, 2016.


AUTORAMA ENTERPRISES: Taps Robinson Brog as Counsel
---------------------------------------------------
Autorama Enterprises Inc. f/k/a Autorama Enterprises of Bronx, Inc.
seeks permission from the United States Bankruptcy Court for the
Southern District of New York to employ Robinson Brog Leinwand
Greene Genovese & Gluck P.C. effective as of January 11, 2017, to
provide legal services.

Services to be rendered during the case are:

     (a) Provide advice to the Debtor with respect to its powers
and duties under the Bankruptcy Code in the continued operation of
its business and the management of its property;

     (b) negotiate with creditors of the Debtor, prepare a plan of
reorganization and take the necessary legal steps to consummate a
plan, including, if necessary, negotiations with respect to
financing a plan;

     (c) appear before the various taxing authorities to work out a
plan to pay taxes owing in installments;

     (d) prepare on the Debtor's behalf necessary applications,
motions, answers, replies, discovery requests, forms of orders,
reports and other pleadings and legal documents;

     (e) appear before this Court to protect the interests of the
Debtor and its estate, and represent the Debtor in all matters
pending before this Court;

     (f) perform all other legal services for the Debtor that may
be necessary herein; and

     (g) assist the Debtor in connection with all aspects of this
chapter 11 case.

A. Mitchell Greene will bear primary responsibility for this case.
It is anticipated that certain services will be performed by other
partners and associates at Robinson Brog. Associates at the firm
charge hourly rates between $365.00 and $465.00 for services to be
rendered. Additionally, the firm's paralegals charge hourly rates
between $175.00 and $300.00 for services to be rendered.
Shareholders of Robinson Brog charge hourly rates between from
$450.00 and $675.00 for services to be rendered.

In connection with the filing of this chapter 11 case, Robinson
Brog received a total payment of $16,720.00 from Daniel Powers, the
Debtor's President.

A. Mitchell Greene, shareholder of Robinson Brog Leinwand Greene
Genovese & Gluck P.C., attests that neither he nor Robinson Brog
holds nor represents any interest adverse to the Debtor in the
matters upon which they are to be engaged. He believes that
Robinson Brog, its partners and associates, are "disinterested
persons" as that term is defined in Section 101(14) of the
Bankruptcy Code.

The Firm can be reached through:

     A. Mitchell Greene    
     ROBINSON BROG LEINWAND GREENE GENOVESE & GLUCK P.C.
     875 Third Avenue
     New York, NY 10022
     Tel: (212) 603-6300
     Fax: (212) 956-2164
     E-mail: amg@robinsonbrog.com

                          About Autorama Enterprises Inc.
                      f/k/a Autorama Enterprises of Bronx, Inc

Autorama Enterprises Inc. f/k/a Autorama Enterprises of Bronx, Inc.
operates a tow truck company that responds to, among other things,
accident scenes, DWI arrests, disabled vehicles and other issues
involving cars and trucks that use the highways in the New York
City area. In connection with its tow truck business, the Debtor
also operates an auto repair facility.

The Debtor filed a voluntary petition for relief under Chapter 11
of the United States Bankruptcy (Bankr.  S.D. NY Case No. 17-22040)
on January 11, 2017.  The petition was signed by Daniel Powers,
president. The case is assigned to Judge Robert D. Drain. The
Debtor is represented by Arnold Mitchell Greene, Esq. of Robinson
Brog Leinwand Greene Genovese & Gluck, P.C.

As of filing, the Debtor estimates $1 million to $10 million assets
and $500,000 to $1 million liabilities.


AVAYA INC: S&P Assigns 'BB-' Point-in-Time Rating on $725MM Loan
----------------------------------------------------------------
S&P Global Ratings said that it assigned its 'BB-' point-in-time
rating to Santa Clara, Calif.-based communications solutions
provider Avaya Inc.'s $725 million DIP term loan.

Avaya has received interim bankruptcy court approval for its
debtor-in-possession (DIP) facility.  The DIP facility consists of
a $725 million credit facility, with proceeds to be used primarily
for professional fees, to cash collateralize letter–of-credit
facilities, and general corporate purposes.

This DIP loan rating is a point-in-time rating effective only for
the date of this report.  S&P will not review, modify, or provide
ongoing surveillance of the rating.  S&P based the rating on
various factors, including the bankruptcy court orders and the DIP
credit agreement as well as S&P's views on the likelihood of
emergence or, alternatively, repayment in the event of
liquidation.

   -- On Jan. 19, 2017, Avaya and substantially all of its wholly
      owned domestic subsidiaries filed for voluntary Chapter 11
      protection in the Bankruptcy Court for the Southern District

      of New York.
   -- On Jan. 23, 2017, the bankruptcy court issued an interim
      order authorizing access to $425 million of the funding
      available under the facility, as per the credit agreement.
      The remaining $300 million will become available upon entry
      of a final order authorizing the full DIP term loan
      facility.

S&P's rating on a DIP facility primarily captures S&P's view of the
likelihood of full and timely cash repayment through the company's
reorganization and emergence from Chapter 11 (S&P's CRE
assessment).  The DIP rating also considers the potential for the
company to fully repay the DIP facility if it doesn't reorganize
and liquidation becomes necessary.  If S&P believes the DIP
facility is sufficiently over collateralized to be fully repaid
under S&P's liquidation scenario, S&P assigns a rating that is one
or two notches higher than the rating indicated by the CRE
assessment.  Thus:

   -- S&P's rating on the $725 million DIP loan incorporates a 'B'

      CRE assessment.  S&P applied a two-notch enhancement to the
      CRE assessment, based on its view of recovery prospects
      under a liquidation scenario, to arrive at S&P's 'BB-'
      rating on the DIP loan.

                     RATING CONSIDERATIONS

S&P assesses Avaya's business risk profile as weak, due to its
significant exposure to small and midsize (SMB) clients prone to
attrition and its weak competitive position in the mobile and video
communication markets.  For the 12 months ended Sept. 30, 2016,
Avaya's indirect sales, primarily to SMB clients more susceptible
to competitive incursion than larger clients with more deeply
entrenched Avaya systems, constituted about 75% of its revenues.
Avaya's 19% revenue share in 2015 in mobile voice and client
unified communications markets trailed Microsoft and Cisco, each
with an approximate 30% share, according to Dell'Oro.  In addition,
Avaya's 1% revenue share in 2015 in video conferencing markets
trailed Cisco's 38% share, according to Dell'Oro.

S&P attributes Avaya's voluntary bankruptcy filing to a number of
factors, primarily:

   -- Faster than anticipated declines in legacy hardware and
      communications solutions, driven by reduced corporate IT
      spending; and
   -- An unsustainable capital structure consisting of
      approximately $6 billion in debt and interest burden of just

      under $450 million for fiscal-year 2015.

S&P continues to believe that Avaya has core assets and growing
next-generation solutions that remain viable, and that the
company's reorganization and emergence from bankruptcy are
supported by:

   -- Global brand recognition and diversity of customer base and
      communications solutions;
   -- Its strong Contact Center business and growing cloud-based
      communications environment solutions segment; and
   -- Separable business segments allowing for flexibility to
      reorganize.

The DIP financing consists of a $725 million term loan, with a
current authorized draw of $425 million and an additional
$300 million available upon entry of the final order by the
bankruptcy court authorizing the postpetition financing.  The
initial proceeds will be applied to refinance its asset-based
lending (ABL) revolving credit facilities and to cash collateralize
up to $150 million of letter-of-credit facilities.

Principal liquidity sources:

   -- $117 million cash and short-term investments on hand at the
      initial funding date of Jan. 23, 2017; and
   -- $425 million from the DIP term loan as of entry of the
      interim order, with an additional $300 million available
      upon entry of the final authorization order.

Principal liquidity uses:

   -- $150 million outflow from operating cash flow and first-lien

      interest payments for the remainder of 2017;
   -- $70 million to cash collateralize letters of credit;
   -- $160 million of professional fees related to the bankruptcy
      and reorganization; and
   -- $105 million to repay existing ABL revolving credit
      facilities.

The DIP credit agreement includes a number of financial maintenance
covenants, including a minimum U.S. liquidity covenant of $100
million until June 30, 2017, then $76 million thereafter. There is
also a minimum cumulative consolidated EBITDA covenant, requiring
about $120 million-$133 million per quarter in 2017, subject to
caps of $166 million in the quarter ending March 31, 2017, and $140
million in the quarter ending June 30, 2017.  S&P anticipates the
company will maintain sufficient headroom under both the liquidity
and EBITDA covenants to successfully navigate the reorganization.

The going concern coverage assessment measures the extent to which
the DIP obligation, along with any priority and pari passu claims,
would be covered by S&P's estimate of the debtor's going concern
value.  Avaya's exposure to legacy markets and SMB clients poses
potential risks, which affect S&P's going concern emergence
valuation.

The calculation of the going concern coverage ratio is the
projected enterprise value at emergence divided by estimated DIP
claims plus any priority or pari passu claims.  S&P's conservative
forecast of emergence EBITDA incorporates:

   -- High-teens percentage revenue decline and revenues of about
      $3 billion for the 12 months ending Sept. 30, 2017, compared

      to a 9% revenue decline for the 12 months ended Sept. 30,
      2016, reflecting the threat of accelerating competitive
      incursion in SMB markets;

   -- EBITDA margins of about 21% in 2017, steady with the 2016
      margin, including recurring restructuring costs of about
      $50 million-$100 million annually;

   -- 6x enterprise value multiple of EBITDA; and

   -- Sale of Avaya's Networking segment, as anticipated, and
      retention of its Contact Center business, a break from S&P's

      prefiling assumptions.

Under S&P's conservative valuation, S&P estimates coverage of the
$725 million DIP term loan facility at around 4x.

As part of S&P's DIP loan rating analysis, it also assessed the DIP
lenders' prospect for full recovery of principal in the event that
the company's efforts to reorganize are unsuccessful and that
bankruptcy converts to liquidation.  For the purposes of this
analysis, S&P considers the orderly liquidation value of the
company's assets for the collateral securing the DIP loans.  S&P
applies a two-notch enhancement to the CRE, due to significant
overcollateralization, which gives S&P high confidence in full
recovery.  S&P's conservative valuation of collateral covers the
DIP obligation by approximately a 2x margin.  S&P applied a
conservative estimate of balance sheet assets under a distressed
sale scenario, exclusive of assets divested with the sale of the
contact center and networking business.

Assumptions of the liquidation analysis include:

   -- An estimated distressed Contact Center business sale value
      of about $1.75 billion (approximately 50% of third-party
      valuations as of Dec. 4, 2016,) under S&P's stressed
      scenario, in which operating weakness results in
low–single-
      digit percentage Contact Center revenue declines from about
      $1 billion in revenues for the 12 months ended Sept. 30,
      2016, and as a result of lower revenues and restructuring
      costs, EBITDA margins subside by about 500 basis points from

      the Contact Center business' approximate 30% S&P Global
      Ratings-adjusted EBITDA margin as of Sept. 30, 2016.  No
      residual value available from the stock pledge of
      international subsidiaries due to structurally senior
      foreign pension liabilities of about $583 million.

   -- Estimated liquidation and administrative expenses of 5% of
      the gross proceeds.

Given these aforementioned assumptions, S&P estimates net proceeds
available for distribution of about $1.4 billion, which would
provide for substantial overcollateralization of the $725 million
DIP loan around 2x.

Additional structural features--including superpriority claim
status, subject only to standard carve-outs that do not
significantly affect the coverage ratios and tight financial
maintenance covenants that S&P anticipates will mitigate erosion of
enterprise or liquidation value, combined with its expectation for
significant overcollateralization--support the application of a
two-notch raise in S&P's underlying CRE assessment of 'B', which
results in an overall DIP term loan facility rating of 'BB-'.


AZURE MIDSTREAM: S&P Affirms 'CCC+' CCR; Outlook Negative
---------------------------------------------------------
S&P Global Ratings said that it affirmed its 'CCC+' corporate
credit and senior secured issue-level ratings on Azure Midstream
Energy LLC.  The outlook is negative.  The '3' recovery rating is
unchanged and reflects S&P's expectation for meaningful (upper half
of the 30%-50% range) recovery in the event of a payment default.

Partners and its subsidiaries filed for Chapter 11 of the U.S.
Bankruptcy Code on Jan. 30, 2017.  Though the group credit profile
for the Azure enterprise has deteriorated, the Chapter 11 filing
does not affect the ratings on Azure Midstream Energy LLC.  S&P's
forecast assumed no distributions from the partnership since
Partners announced a temporary distribution suspension on Feb. 1,
2016.  In S&P's view, Azure's credit measures will remain pressured
due to low commodity prices and weak demand where it operates.
While low commodity prices do not directly weaken Azure's cash
flows due to its largely fee-based contract profile, it has
resulted in low utilization rates across Azure's asset base, and
S&P expects volumes to remain below minimum volume commitment (MVC)
levels.  In S&P's view, the rating on Azure benefits from the cash
flows from its MVCs.  S&P notes that Azure's MVC is with a joint
venture between Royal Dutch Shell PLC (formerly BG Group PLC) and
EXCO Resources Inc.  EXCO's creditworthiness continues to be
challenged, and Shell is not responsible for any EXCO
nonperformance in paying the MVCs.  If the counterparties to those
MVCs do not make those volume deficiency payments or there are
delays, Azure's liquidity could deteriorate and it would have less
cash to sweep and reduce debt. With the term loan maturing in 2018,
refinancing risk is elevated given that a large percentage of the
MVCs expire by 2018.  If natural gas prices remain at or below $3
per million Btu (mmbtu), 2019 EBITDA could be materially lower.

The highly leveraged financial risk profile reflects S&P's
expectation of adjusted debt leverage of about 5x.  S&P's base case
assumes a natural gas price of about $3/mmBtu over the next few
years.  S&P's West Texas Intermediate price forecast is
$50 per barrel.  S&P projects 2017 throughput volumes to be flat
compared to 2016 levels.  S&P's base-case forecast assumes minimal
capital spending resulting in a free operating cash surplus of
about $35 million.

Although S&P forecasts liquidity sources to exceed uses by over
1.2x, it limits its liquidity assessment to less than adequate due
to qualitative factors, such as the ability to withstand
high-impact events and its standing in the capital markets.

Principal liquidity sources:

   -- Funds from operations of about $40 million.

Principal liquidity uses:

   -- Total capital spending of about $6 million.

Covenants

Although the term loan has no covenants, the revolving credit
facility has a springing covenant that includes a maximum total
leverage ratio of 4.5x and a minimum interest coverage ratio of
2.5x.  S&P forecasts only limited cushion during 2017.

The negative outlook reflects S&P's view that liquidity could
weaken over the next 12-24 months if commodity prices do not
improve or if counterparties to the MVCs do not meet their
contractual agreements.  S&P's forecast assumes 2017 adjusted
leverage of 4.5x-5x.

S&P could lower the ratings if liquidity deteriorates or if it
expects the company to restructure its debt or default within the
next 12 months.  This could occur if commodity prices weaken or if
the company can't refinance its debt before maturity.

S&P could revise the outlook to stable if the company repays a
greater percentage of its outstanding debt balance.  This could
occur if commodity prices improve such that volumes exceed MVC
levels and if adjusted debt to EBITDA stays below 5x.

   -- S&P Global Ratings' simulated default scenario contemplates
      a default stemming from poor commodity prices resulting in
      volumetric declines and the inability of customers to meet
      their contractual agreements.

   -- S&P's analysis assumes that the revolving credit facility is

      85% drawn at default.

   -- Simulated year of default: 2018
   -- EBITDA at emergence: $45 million
   -- EBITDA multiple: 6x

   -- Net enterprise value (after 5% administrative costs):
      $260 million
   -- Revolving credit facility claims: $35 million
   -- Recovery expectations: Not applicable
   -- Term loan claims: $340 million
      -- Recovery expectations: 50%-70% (upper half of the range)

Note: All debt amounts include six months of prepetition interest.


BERNARD L. MADOFF: Victims' Recovery Tops $9.7-Bil. with New Payout
-------------------------------------------------------------------
The American Bankruptcy Institute, citing Jonathan Stempel of
Reuters, reported that Bernard Madoff's victims will soon recoup
another $252 million from the trustee unwinding the swindler's
firm, boosting their total recovery to $9.72 billion.

According to the report, the latest payout by trustee Irving Picard
was made possible by settlements in the second half of 2016 with
people accused either of facilitating Madoff's fraud or withdrawing
more money from his firm than they deserved.

This included money from a settlement with the family of Stanley
Chais, who prior to his 2010 death managed money for Hollywood
clients like director Steven Spielberg, and was accused by Picard
of excess withdrawals, the report related.

Picard's eighth distribution started on Feb. 2, 2017, and will go
to customers who once had 953 accounts at Bernard L. Madoff
Investment Securities LLC, the report further related.  Checks will
range from $271.80 to about $42.3 million, the report said.

Once the distribution is finished, 1,335 Madoff accounts with valid
claims will be fully paid off, including all claims of $1.25
million or less, the report added.

                    About Bernard L. Madoff

Bernard L. Madoff Investment Securities LLC and Bernard L. Madoff
orchestrated the largest Ponzi scheme in history, with losses
topping US$50 billion.  On Dec. 15, 2008, the Honorable Louis A.
Stanton of the U.S. District Court for the Southern District of
New
York granted the application of the Securities Investor Protection
Corporation for a decree adjudicating that the customers of BLMIS
are in need of the protection afforded by the Securities Investor
Protection Act of 1970.  The District Court's Protective Order (i)
appointed Irving H. Picard, Esq., as trustee for the liquidation
of
BLMIS, (ii) appointed Baker & Hostetler LLP as his counsel, and
(iii) removed the SIPA Liquidation proceeding to the Bankruptcy
Court (Bankr. S.D.N.Y. Adv. Pro. No. 08-01789) (Lifland, J.).  Mr.
Picard has retained AlixPartners LLP as claims agent.

On April 13, 2009, former BLMIS clients filed an involuntary
Chapter 7 bankruptcy petition against Bernard Madoff (Bankr.
S.D.N.Y. 09-11893).  The petitioning creditors -- Blumenthal &
Associates Florida General Partnership, Martin Rappaport
Charitable
Remainder Unitrust, Martin Rappaport, Marc Cherno,  and Steven
Morganstern -- assert US$64 million in claims against Mr. Madoff
based on the balances contained in the last statements they got
from BLMIS.

On April 14, 2009, Grant Thornton UK LLP as receiver placed Madoff
Securities International Limited in London under bankruptcy
protection pursuant to Chapter 15 of the U.S. Bankruptcy Code
(Bankr. S.D. Fla. 09-16751).  The Chapter 15 case was later
transferred to Manhattan.  In June 2009, Judge Lifland approved
the consolidation of the Madoff SIPA proceedings and the
bankruptcy case.

Judge Denny Chin of the U.S. District Court for the Southern
District of New York on June 29, 2009, sentenced Mr. Madoff to 150
years of life imprisonment for defrauding investors in United
States v. Madoff, No. 09-CR-213 (S.D.N.Y.).

From recoveries in lawsuits coupled with money advanced by SIPC,
Mr. Picard has commenced distributions to victims.  As of Dec. 14,
2016, the SIPA Trustee has recovered more than $11.486 billion
and, following the eight interim distribution in January 2017,
will
raise total distributions to approximately $9.72 billion, which
includes more than $839.6 million in advances committed by SIPC.


BILL HALL: Seeks to Hire Greer Law as Counsel
---------------------------------------------
Bill Hall, Jr Trucking GP, LLC seeks permission from the U.S.
Bankruptcy Court for the Western District of Texas, San Antonio
Division, to employ Dean W. Greer as counsel.

Duties to be performed by the Counsel are:

     a. Advising and consulting with Debtor as to its powers and
duties in the continued operation of its business and management of
its properties during bankruptcy;

     b. Taking actions as may be necessary to preserve and protect
the Debtor's assets, including the prosecution of adversary
proceedings and other actions on Debtor's behalf, the defense of
actions commenced against the Debtor, negotiations concerning
litigation in which the Debtor is involved, objection to the
allowance of any objectionable claims files against the Debtor's
estate and estimation of claims against the estate where
appropriate;

     c. Preparing necessary applications, motions, complaints,
adversary proceedings, answers, orders, reports, and other
pleadings and legal documents, in connection with the matters
affecting the Debtor and its estate;

     d. Assisting the Debtor in the development, negotiation and
confirmation of a plan or reorganization and the preparation of a
disclosure statement or statements; and

     e. Performing other legal services that the Debtor may request
in connection with this chapter 11 case and pursuant to the
Bankruptcy Code.

Current hourly rate for Mr. Greer is at $300.00 and $75 for the
Legal Assistant.

Mr. Greer attests that he does not hold or represent a materially
adverse interest in the Debtor's estate and is "disinterested" in
Debtor as that word is defined in Section 101(14) of the Bankruptcy
Code.

The Firm can be reached through:

     Dean W. Greer, Esq.
     LAW OFFICES OF DEAN W GREER
     2929 Mossrock, Suite 117
     San Antonio, TX 78230
     Tel: (210) 342-7100
     Fax: (210) 342-3633
     E-mail: dwgreer@sbcglobal.net

                      About Bill Hall, Jr., Trucking GP

Bill Hall, Jr., Trucking GP, LLC, the San Antonio, Texas-based
owner of  a fleet of trucks and trailers, filed a Chapter 11
petition (Bankr. W.D. Tex. Case No. 17-50167) on Jan. 25, 2017. The
petition was signed by Dominique A. Hall, vice president. The case
is assigned to  Hon. Ronald B. King. The Debtor's counsel is Dean
William Greer, Esq., at Dean W. Greer, in San Antonio.

The Debtor disclosed total assets of $2.34 million and total
liabilities of $4.41 million.


BLOCK COMMUNICATIONS: Moody's Rates New $350MM Unsec. Notes 'B1'
----------------------------------------------------------------
Moody's Investors Service assigned a B1 rating to Block
Communication Inc.'s proposed $350 million unsecured notes
issuance, and a Baa3 rating to Block's proposed senior secured
credit facility, consisting of a $90 million revolver and a $150
million term loan B. Proceeds from the transaction will be used to
refinance the company's existing secured term loan B and unsecured
notes. The assignment of the Baa3 senior secured rating reflects
increased cushion provided to the secured lenders by the higher
amount of unsecured debt taken by the company. Block's Ba3
corporate family rating (CFR) and Ba3-PD probability of default
rating remain unchanged. The stable outlook remains unchanged.

Assignments:

Issuer: Block Communications, Inc.

-- Senior Secured Bank Credit Facility, Assigned Baa3 (LGD2)

-- Senior Unsecured Regular Bond/Debenture, Assigned B1 (LGD4)

Unchanged:

-- Corporate Family Rating, Unchanged at Ba3

-- Probability of Default Rating, Unchanged at Ba3-PD

-- Outlook unchanged at Stable

RATINGS RATIONALE

The proposed transaction will favorably extend the maturity profile
of Block, as the revolver will be extended four years to 2022 and
the term loan will be extended three years, to 2024. The notes will
also be extended five years to 2025.

Block's Ba3 Corporate Family Rating (CFR) reflects a diversified
mix of revenues from four distinct businesses including cable,
telecommunications, publishing, and broadcast. Its largest
business, cable, is growing and profitable, fueled by a rise in
broadband penetration and demand for greater bandwidth and speed.
Block's superior network and strong market position in broadband is
reflected in very strong key operating performance metrics
including penetration rates, growth rates, and revenues per homes
passed. In addition, the company's broadcast business is healthy,
being driven by growth in high quality retransmission fees that now
represent almost 10% of total revenues, and are reducing the
company's exposure to cyclical ad demand. The company also benefits
from good liquidity with positive free cash flow, good capacity
with an undrawn revolver, a favorable maturity profile, and ample
covenant cushion.

Block's credit profile is challenged, however, by moderately high
leverage (Moody's adjusted debt-to-EBITDA) of roughly 4.9x (LTM
September 30, 2016) and the burden of persistent and substantial
annual losses in the company's newspaper operations (representing
close to 20% of total revenues). With significant fixed costs and
on and off balance sheet obligations related to union pensions and
benefits, there is limited equity value in the business (if any)
leaving no good near-term exit options. In addition, the company
has a weak market position in cable video pay-TV which is
experiencing a secular decline. The weakness is being driven by
what Moody's believes are irreversible secular changes and advances
in digital technology and mobile wireless applications that are
creating a wide variety of competing options that allow consumers
to shift their viewing patterns to new, non-linear distribution
platforms.

The stable outlook reflects Moody's expectations that
debt-to-EBITDA will improve to near 4.5x (including Moody's
standard adjustments) by the end of 2017 with low to mid-single
digit percentage free cash flow-to-debt. Moody's expects revenue
and EBITDA growth in cable and broadcasting. The outlook
incorporates expectations for low, single digit-cable subscriber
losses and continued losses in the newspaper segment in line with
recent history. The outlook does not incorporate significant
shareholder distributions or another significant debt financed
acquisition.

Ratings could be upgraded if newspaper revenue stabilizes and
EBITDA turns positive, cable video subscriber trends and operating
performance turns positive, leverage (Moody's adjusted consolidated
debt-to-EBITDA) is sustained comfortably below 3.0x, and free cash
flow-to-debt ratio is sustained above 10%. An upgrade would also be
considered with the maintenance of good liquidity as well as a low
probability of near term event risks or material organizational
changes including regulation, competition, capital structure, or
the business model.

Ratings could be downgraded if free cash flow turns negative
(excluding temporary and extraordinary CAPEX and investment),
leverage (Moody's adjusted debt-to-EBITDA) is sustained above 4.5x.
A negative rating action would also be considered if liquidity
weakened or operating performance in any of the businesses
weakened. Moody's would also consider a negative rating action if
there were material and negative changes in regulation,
competition, financial policy, capital structure, or capital
allocation such that credit risk rose meaningfully.

The principal methodology used in these ratings was Global Pay
Television - Cable and Direct-to-Home Satellite Operators published
in January 2017.

A privately held diversified media company founded in 1900, Block
Communications, Inc. ("Block") has operations in cable television
and telecommunications (roughly 70% of LTM ended 9/30/2016
revenue), newspaper publishing (19%), and television broadcasting
(11%). The company's cable operations are branded Buckeye Broadband
(serving Toledo and Erie County Ohio and parts of southeast
Michigan) and MaxxSouth serving north and central Mississippi and
north west Alabama. Together, Block's cable systems pass nearly
400,000 homes and serve close to 350,000 PSU's. Block's two daily
metropolitan newspapers, the Pittsburgh Post-Gazette in Pittsburgh,
PA and the Blade in Toledo, OH, have a combined daily and weekend
paid circulation of over 600,000. Its telecommunications systems
include Buckeye Telesystem Inc. and Block Line Systems, LLC which,
together, serve over 20,000 customer locations. It also owns and
operates five full-power television stations carrying 8 broadcast
network affiliated channels (including NBC, ABC, CBS, and FOX,
among others) in Lima, OH, Louisville, KY, Boise, ID, and
Champaign-Springfield-Decatur, IL. The company maintains its
headquarters in Toledo and reported revenue of more than $560
million as of LTM ended 9/30/2016.


BLOCK COMMUNICATIONS: S&P Rates New $350MM Unsec. Notes 'B+'
------------------------------------------------------------
S&P Global Ratings assigned its 'B+' issue-level rating and '5'
recovery rating to Block Communications Inc.'s proposed
$350 million senior unsecured notes due 2025.  The '5' recovery
rating indicates S&P's expectation of modest (10%-30%; higher end
of the range) recovery for lenders in the event of a payment
default.  The new notes will be used to repay its existing $250
million 7.25% senior notes and pay down the $269 million balance on
its existing $275 million term loan.

In addition, S&P assigned its 'BB+' issue-level rating and '1'
recovery rating to Block's new $150 million senior secured term
loan B due 2024.  The '1' recovery rating indicates S&P's
expectation of very high (90%-100%) recovery for lenders in the
event of a payment default.  The new term loan will be used to
repay the remaining $269 million balance on the company's existing
$275 million term loan.

At the same time, S&P raised the issue-level rating on Block's
unsecured debt to 'B+' from 'B' and revised the recovery ratings on
this debt to '5' (higher end of the 10%-30% range)from '6'.  The
higher rating and revised recovery rating reflect the lower amount
of secured debt at the company because of the proposed transaction,
which improves recovery prospects for unsecured creditors under
S&P's hypothetical default scenario.

S&P's 'BB-' corporate credit rating and stable outlook on Block are
unaffected, because S&P expects net debt leverage to continue to be
in the low-4x area.

                        RECOVERY ANALYSIS

Key analytical factors

   -- S&P's simulated default scenario contemplates increasingly
      negative EBITDA in the newspaper segment and declining
      EBITDA at the cable TV operations that generate negative
      discretionary cash flow and result in an assumed payment
      default in 2021.

   -- S&P has valued the company on a going concern basis using a
      6.0x multiple of S&P's projected emergence EBITDA.  The 6.0x

      valuation multiple is on the lower end of the typical 6x-7x
      cable multiple because about 25% of the company's EBITDA is
      from lower-multiple businesses (broadcasting and telecom).

Simulated default assumptions

   -- Simulated year of default: 2021
   -- EBITDA at emergence: $70 million
   -- EBITDA multiple: 6x

Simplified waterfall

   -- Net enterprise value (after 5% admin. costs): $333 million
   -- Secured debt claim: $228 million
     -- Recovery expectations: 90% to 100%
   -- Unsecured debt claims: $363 million
     -- Recovery expectations: 10% to 30%

RATINGS LIST

Block Communications Inc.
Corporate Credit Rating            BB-/Stable/--

New Rating

Block Communications Inc.
Senior Secured
$150 mil. term loan B due 2024     BB+
  Recovery Rating                  1
Senior Unsecured
$350 mil. notes due 2025           B+
  Recovery Rating                  5H

Upgraded; Recovery Rating Revised

Block Communications Inc.
                                    To      From
Senior Unsecured                   B+      B
  Recovery Rating                   5H      6


BROOKS FURNITURE: Hires Kate Bowman as Bookkeeper
-------------------------------------------------
Brooks Furniture & Design, Inc. seeks authorization from the U.S.
Bankruptcy Court for the District of Colorado to employ Kate Bowman
as bookkeeper.

The Debtor requires Ms. Bowman to provide certain bookkeeping
services to the Debtor, including payment of wages, accounts
payable, and taxes, maintenance of Debtor's books and records in
the ordinary course of business, and preparation of monthly
operating reports and other financial reports required under the
Bankruptcy Code.

Ms. Bowman will be paid $50 per hour for her bookkeeping services.
Ms. Bowman will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Kate Bowman assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtor and
its estate.

Ms. Bowman can be reached at:

       Kate Bowman
       10606 W. Sundance Mtn.
       Littleton, CO 80127

              About Brooks Furniture & Design, Inc

Brooks Furniture & Design, Inc., sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D. Colo. Case No. 16-20605) on
October 27, 2016.  The petition was signed by Eldon Sullivan,
president.  The Debtor is represented by Robert J. Shilliday, III,
Esq., at Vorndran Shilliday, P.C.  At the time of filing, the
Debtor estimated assets and liabilities at $500,000 to $1 million
each.

An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Brooks Furniture & Design, Inc.
as of Dec. 2, according to a court filing.



BROOKS FURNITURE: Hires Wozencroft to Provide Accounting Services
-----------------------------------------------------------------
Brooks Furniture & Design, Inc. seeks authorization from the U.S.
Bankruptcy Court for the District of Colorado to employ Clive
Wozencroft and Wozencroft, Inc. to provide certified public
accounting services.

The Debtor requires Wozencroft Inc to provide:

    -- preparation of balance sheets, profit and loss statements
       and other financial reports;

    -- preparation and filing of tax returns and other tax-related

       reports and documents;

    -- maintenance of Debtor's books and records in the ordinary
       course of business; and

    -- preparation of monthly operating reports and other
       financial reports required under the Bankruptcy Code.

Mr. Wozencroft will be paid $240 per hour for his services.

Wozencroft Inc will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Clive Wozencroft, owner of Wozencroft Inc, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estate.

Wozencroft Inc can be reached at:

       Clive Wozencroft
       WOZENCROFT, INC.
       7800 S. Elati Street, #235
       Littleton, CO 80120
       Tel: (303) 795-5799

              About Brooks Furniture & Design, Inc

Brooks Furniture & Design, Inc., sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D. Colo. Case No. 16-20605) on
October 27, 2016.  The petition was signed by Eldon Sullivan,
president.  The Debtor is represented by Robert J. Shilliday, III,
Esq., at Vorndran Shilliday, P.C.  At the time of filing, the
Debtor estimated assets and liabilities at $500,000 to $1 million
each.

An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Brooks Furniture & Design, Inc.
as of Dec. 2, according to a court filing.


BULEE CAFE: Hires John Kim as Bankruptcy Attorney
-------------------------------------------------
Bulee Cafe, Ltd., d/b/a Sarah's Artisanal Kitchen, seeks authority
from the U.S. Bankruptcy Court for the Eastern District of New York
to employ the Law Office of John C. Kim, P.C. as attorneys to the
Debtor.

Bulee Cafe requires Kim to:

   a) take all necessary action to protect and preserve the
      Debtor's estate, including the prosecution of actions on
      the Debtor's behalf, the defense of any actions commenced
      against the Debtor, the negotiation of disputes in which
      the Debtor is involved and the preparation of objections to
      claims filed against the Debtor's estate;

   b) prepare on behalf of the Debtor, as debtor-in-possession,
      all necessary motions, applications, answers, orders,
      reports, and other papers in connection with the
      administration of the Debtor's estate;

   c) negotiate and prepare on behalf of the Debtor a plan of
      reorganization and all related documents; and

   d) perform all other necessary legal services in connection
      with the prosecution of the chapter 11 case.

Kim will be paid at these hourly rates:

     John C. Kim, Esq.         $400
     Sunjae Lee, Esq.          $300
     Senior Paralegals         $175
     Paralegals                $125

Prior to the Petition Date, for services rendered, Kim received
payment in the amount of $11,717. Of this amount, $10,000 was
expended in legal fees and $1,717 in costs, which is the filing fee
paid to the Clerk of Court in connection with commencement of the
bankruptcy case.

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

John C. Kim, member of the Law Office of John C. Kim, P.C., assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Kim can be reached at:

     John C. Kim, Esq.
     LAW OFFICE OF JOHN C. KIM, P.C.
     163-10 Northern Boulevard Suite 201
     Flushing, NY 11358
     Tel: (718) 539-1100
     Fax: (718)-539-1717

                About Bulee Cafe, Ltd.

Bulee Cafe, Ltd.'s primary business is the operation of the
Deli/Catering business, Sarah's Kitchen, located at 270 Madison
Avenue, New York.  Bulee Cafe, Ltd., doing business as Sarah's
Artisinal Kitchen, filed a chapter 11 petition (Bankr. E.D.N.Y.
Case No. 17-40127) on Jan. 11, 2017. The petition was signed by
Yong Won Bu, president. The case is assigned to Judge Nancy Hershey
Lord. The Debtor estimated assets of $100,000 to $500,000 and
liabilities at $1 million to $10 million.

The Debtor is represented by John C. Kim, Esq., at The Law Office
of John C. Kim, Esq.


CALEXICO COMMUNITY RDA: S&P Lowers Rating on 2011 TABs to 'B'
-------------------------------------------------------------
S&P Global Ratings lowered its rating to 'B' from 'BBB' on Calexico
Community Redevelopment Agency (RDA), Calif.'s tax allocation
bonds, or TABs (school district), series 2011 (Merged Central
Business District and Residential Redevelopment Project Area), and
placed it on CreditWatch with negative implications.

At the same time, S&P Global Ratings placed its 'A-' ratings on the
Calexico Community RDA's outstanding TABs and the Successor Agency
to the Calexico Community RDA's Merged Central Business District
and Residential Redevelopment Project Area tax allocation refunding
bonds and TABs on CreditWatch with negative implications.

"The downgrade and CreditWatch placement on the series 2011 school
district bonds reflect our view of the agency's unscheduled
Feb. 1, 2017, draw on the bonds' debt service reserve fund and of
the likelihood of a further downgrade within the 90-day CreditWatch
period," said S&P Global Ratings credit analyst Sarah Sullivant.
S&P believes that, in the absence of a resolution to the dispute
among the Imperial County Auditor Controller, which is not a party
to the bond indenture, and the Calexico Unified School District on
the one hand, and the California Dept. of Finance (DOF) and the
agency, on the other, another unscheduled draw on the bonds'
reserve will occur on Aug 1, 2017, and the bonds will likely
default within one year.

"The CreditWatch placement on the outstanding prior-lien TABs,
including the refunding TABs, reflects our view of the uncertainty
regarding the agency's future cash flow," continued Ms. Sullivant.
Unlike the series 2011 school district TABs, the prior-lien TABs
are not secured by a lien on pass-through payments.  S&P
understands that the agency has not to date experienced any
interruption in revenue to pay the prior-lien TABs.

There is at least a one-in-two likelihood of a negative rating
action within 90 days.  A multiple-notch downgrade on the 2011
school district bonds is possible should the agency, Imperial
County, the school district, and the DOF fail to resolve the
impasse affecting the distribution of pledged revenues within the
next several months, increasing the likelihood of a draw on the
debt service reserve fund on Aug 1.  S&P will continue to monitor
the matter with particular attention paid to near term cash flows.
Alternately, S&P could remove the ratings from CreditWatch if the
dispute were resolved, as S&P believes pledged pass-through
payments are sufficient to pay bondholders absent disagreements
between the above parties.


CARING HANDS HOME CARE: Taps Ahlgren Law Office as Counsel
----------------------------------------------------------
Caring Hands Home Care, Inc. seeks permission from the U.S.
Bankruptcy Court for the District of Minnesota to employ Erik A.
Ahlgren and the Ahlgren Law Office, PLLC as attorney for the Debtor
for the purpose of rendering professional services to the Debtor in
all matters related to or which will arise out of and in the course
of the administration of the Debtor's estate and for the benefit of
such estate.

Mr. Ahlgren has agreed to perform services on an hourly plus cost
basis. The current hourly rate he will charge in this matter is
$250 for his time and $110 for staff time.

Mr Ahlgren attest that he does not hold or represent any interest
adverse to the Debtor. He does not have any connection with
creditors of the Debtor, other parties in interest, or their
respective attorneys and accountants, or the U.S. Trustee or any
person employed in the Office of the U.S. Trustee.

The Firm can be reached through:

     Erik A. Ahlgren, Esq.
     AHLGREN LAW OFFICE, PLLC
     220 W. Washington Ave, Ste 105
     Fergus Falls, MN 56537
     Tel: 218-998-2775
     Email: erik@ahlgrenlaw.net

                        About Caring Hands Home Care

Caring Hands Home Care, Inc. filed its voluntary petition for
relief under Chapter 11 of Title 11 of the United States Code
(Bankr. D. Minn. Case No. 17-60044), on January 27, 2017 and is
currently operating as debtor-in-possession.  The Debtor is
represented by Erik A Ahlgren, Esq. -- erikahlgren@charter.net --
at Ahlgren Law Office.


CARTEL MANAGEMENT: Mavericks Canceled Amid Financial Woes
---------------------------------------------------------
The American Bankruptcy Institute, citing John Clarke of The New
York Times, reported that the Mavericks surfing competition, the
nation's premier big wave event, has been canceled this year after
organizers were sued by its sponsor and filed for bankruptcy, event
representatives said on Feb. 3, 2017.

According to the NY Times, the cancellation comes one week after
Red Bull, Mavericks' broadcaster and only sponsor, filed a lawsuit
against the event's promotional and management groups, Cartel
Management and Titans of Mavericks, for breach of contract, seeking
$400,000.

In its bankruptcy filings, Cartel faces claims of about $1.9
million and Titans of Mavericks faces more than $776,335, the
report cited court records.

"The event is totally done this year," Brian Overfelt, one of the
three Mavericks Invitational board members, told the NY Times.
"It's impossible.  There's no way this event will happen. We were
completely and totally blindsided."

Jeff Clark, the event's founder and a well-known big wave surfer,
was shocked and frustrated by the news, which he first learned of
from news reports, the NY Times said.  He said there was a
disconnect between the surf community and event organizers, who
lacked "commitment to this sacred place in their hearts and souls,"
the report added.

"Our primary focus has always been to support the men and women who
surf Mavericks and to preserve the sanctity of the wave and support
our local community," Clark told the news agency.  "We have
sacrificed much to create a stage for the world's best big wave
surfers. We are disappointed."

Cartel Management, Inc., filed a Chapter 11 petition (Bankr. C.D.
Cal. Case No. 17-11179) on Jan. 31, 2017, and is represented by
David L. Neale, Esq., at Levene, Neale, Bender, Yoo & Brill LLP, in
Los Angeles, California.  At the time of filing, the company had
estimated assets of $500,000 to $1 million and estimated
liabilities of $1 million to $10 million.  The petition was signed
by Griffin Guess, president.


CATASYS INC: Contracts with Largest U.S. Health Insurance Company
-----------------------------------------------------------------
Catasys, Inc., announced that it has contracted with the largest
national health insurance company in the United States to implement
its OnTrak solution for anxiety, depression and substance use
disorders (OnTrak -U).  OnTrak-U is anticipated to launch in the
first half of 2017 in eight states where OnTrak is already
available to members of other leading health plans, with a case
rate fee when members enroll plus a sharing of savings with the
health plan.

Catasys eligible members average approximately $30,000 in costs to
health insurers per year, and Catasys has been shown to reduce
inpatient and emergency room utilization, driving an approximately
50 percent average reduction in total health insurers' costs for
enrolled members from the year prior to enrollment.

This contract will leverage Catasys' proprietary analytic models to
identify impactable members to engage and is anticipated to
significantly contribute towards the Company's goal of Equivalent
Lives covered under contract of 20 million by the end of 2017.  The
Company has signed agreements to provide its OnTrak solution to
several health plans, including some of the largest in the United
States (http://catasys.com/clients.html).

"This is an exciting opportunity to expand and leverage our
existing operations in several states and significantly increase
the number of eligible members for our OnTrak solution.  This
represents the first multi- state agreement which will use our
analytic models for our expanded product offering covering
high-cost members suffering from anxiety, depression or substance
use disorders.  We are very pleased with the reception our advanced
proprietary solutions are receiving in the market," stated Rick
Anderson, president and COO of Catasys.

"This particular health plan has an exceptional track record of
innovation and providing care to its members.  We are excited to
partner with them and look forward to demonstrating the value of
our solution," concluded Mr. Anderson.

                       About Catasys Inc.

Based in Los Angeles, California, Hythiam, Inc., n/k/a Catasys,
Inc., is a healthcare services management company, providing
through its Catasys(R) subsidiary specialized behavioral health
management services for substance abuse to health plans.

Catasys reported a net loss of $7.22 million on $2.70 million of
revenues for the year ended Dec. 31, 2015, compared with a net
loss of $27.3 million on $2.03 million of revenues for the year
ended Dec. 31, 2014.

Rose, Snyder & Jacobs LLP, in Encino, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has continued
to incur significant operating losses and negative cash flows from
operations during the year ended Dec. 31, 2015, and continues to
have negative working capital at Dec. 31, 2015.  These conditions
raise substantial doubt about the Company's ability to continue as
a going concern.


CBS RADIO: S&P Puts 'B+' CCR on CreditWatch Positive
----------------------------------------------------
S&P Global Ratings said that it placed its ratings, including the
'B+' corporate credit rating, on New York City-based CBS Radio Inc.
on CreditWatch with positive implications.

CBS Radio will merge with Entercom Communications Corp., and S&P
expects the transaction to close in the second half of 2017.  S&P
expects that the combined company will have somewhat improved scale
and diversity, as well as some expense savings from eliminating
duplicate facilities and functions.

"The CreditWatch placement reflects our expectation that the
pending merger will slightly improve CBS Radio Inc.'s scale,
diversity, and pro forma leverage," said S&P Global Ratings' credit
analyst Jeanne Shoesmith.  "We expect that the combined company's
pro forma leverage will be about 4x--our stated upgrade threshold
for the 'B+' corporate credit rating."  The combined entity will
have 244 stations in 47 markets, including 23 of the top 25
markets; and about $1.7 billion in revenue, making it the second
largest radio station operator in the U.S. on a revenue basis.

CBS Radio will also be effectively spun off from CBS Corp., with
CBS shareholders having the opportunity to exchange shares for CBS
Radio shares.

S&P will resolve the CreditWatch placement immediately following
the closing of the merger, which S&P expects to occur in the second
half of 2017.  Assuming the transaction closes as planned and the
combined company's operating performance remains relatively stable,
S&P will likely raise the corporate credit rating on the combined
company to 'BB-'.  If the transaction doesn't close, S&P would
likely affirm its 'B+' corporate credit rating on CBS Radio.



CCC OF FAIRPLAY: Plan to be Funded Through Sale of Assets
---------------------------------------------------------
CCC of Fairplay, LLC, and CCC Land Company, LLC, filed with the
U.S. Bankruptcy Court for South Carolina a joint disclosure
statement dated Feb. 1, 2017, referring to the Debtors' plan of
liquidation.

The Plan will be funded through the sale of all of the real estate
and certain related assets of each of the Debtors to Mason Jar 101,
LLC, or its designee or assignee agreement or any eventual
successful bidder at a court ordered, approved, and conducted sale
of the assets of the Debtors, together with the effective
collection and liquidation of the remaining assets of the Debtors
by the estate representative into cash for the benefit of creditors
of the Debtors.  

A reserve fund, in the amount of $100,000, will be carved from the
funds ordinarily due to the secured creditors, from the proceeds
resulting from the sale of the Debtors' property udner the purchase
agreement to pay all unclassified claims and Class 1 claims.  After
all the claims are paid and satisfied, any unused portion of the
reserve fund will be paid to TD Bank.  The Debtors believe that
sufficient funds will exist to satisfy the administrative claims,
professional claims, priority tax claims and priority non-tax
claims under the Plan.

The Class 4 claims of insider unsecured creditors are unimpaired by
the Plan.  Insider Unsecured Creditors, in support of the
successful completion of the Plan, waive and fully completely
release all of their claims, effective on the later of: (i) the
closing date, or (ii) the Effective Date.  However, Insider
Unsecured Creditors will retain their claims, as of the
confirmation date, until all distributions have been made as
provided in the Plan.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/scb16-03240-73.pdf

                      About CCC of Fairplay

CCC of Fairplay, LLC, and CCC Land Company, LLC, are each owned in
equal interests by Jeffrey Neil Shore and Jodi Carson Shore.

CCC Land was formed in 2010 to acquire the real property, located
at 207 Farm House Lane, Fair Play, South Carolina, then being used
as an existing assisted living facility.

CCC Fairplay was formed as the entity to operate the facility and
is licensed with the South Carolina Department of Environmental
Control as a 14-bed Community Residential Care Facility and is
identified with the South Carolina Lieutenant Governor's Office on
Aging as an Assisted Living Facility.  CCC Fairplay is also
licensed to provide Alzheimer's care to its patients.

CCC of Fairplay sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. S.C. Case No. 16-03240) on June 30,
2016.  The Debtor seeks to hire Skinner Law Firm, LLC, as its legal
counsel.

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 CCC of Fairplay, LLC.

The U.S. Bankruptcy Court for the District of South Carolina
granted the application of the U.S. Trustee for the appointment of
A. Dale Watson of the State Long Term Care Ombudsman Program as the
patient care ombudsman for CCC of Fairplay, LLC.


CECCHI GORI: Sued Over Scorsese Film Payment-Right Transfers
------------------------------------------------------------
Katy Stech, writing for The Wall Street Journal Pro Bankruptcy,
reported that Vittorio Cecchi Gori, who owns U.S. production
company, Cecchi Gori Pictures, is being sued for transferring the
right to payments from that film and others to two close advisers
more than a decade after his business empire collapsed.

According to the report, in court papers, Cecchi Gori Pictures
lawyers accused Mr. Gori and two advisers of transferring of the
payment rights to movie scripts valued at roughly $9.6 million to a
new company.

The April 2015 transfer kept the production company's money out of
the hands of court-appointed liquidators who took over Mr. Gori's
business holdings a decade ago and are still looking for money to
pay off his debts, according to the lawsuit filed Feb. 1, 2017, in
U.S. Bankruptcy Court in San Jose, Calif., the report related.

Amid the lengthy unwinding of Mr. Gori's business holdings, two
colleagues, Giovanni Nappi and Gabriele Israilovici, took
"advantage of the dormant state of [Cecchi Gori Pictures]" and told
Hollywood players that they had taken ownership of the company's
assets, the lawsuit said, the report further related.

In response to the lawsuit, Mr. Gori denied wrongdoing in an email
but acknowledged that there has been an ownership dispute in recent
years, the report said.

The lawsuit, which was filed by lawyers who put Cecchi Gori
Pictures into bankruptcy in December, called for the two men to
return the rights to the company's scripts and other assets, the
report added.

                     About Cecchi Gori

Cecchi Gori Pictures has filed a Chapter 11 petition (Bankr. N.D.
Cal. Case No. 16-53499) on Dec. 14, 2016, and is represented
by Ori Katz, Esq., in San Francisco, California.

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

The petition was signed by Andrew De Camara, chief executive
officer.

The Debtor hired Sheppard Mullin Richter & Hampton, LLP, as
bankruptcy counsel.


CHARLOTTE RUSSE: S&P Lowers CCR to CCC+ on Potential Restructuring
------------------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on Charlotte
Russe Inc. to 'CCC+' from 'B-'.  The outlook is negative.

At the same time, S&P lowered the issue-level ratings on the
$150 million first-lien term loan to 'CCC+' from 'B-' and on the
$80 million first-lien term loan to 'CCC+' from 'B-'.  S&P's '4'
recovery rating on the term loans reflects its expectation for
average recovery in the event of default, at the low end of the 30%
to 50% range.

"The downgrade reflects our view that the company's suppressed debt
trading prices and lack of prospects for a strong, sustained
rebound could lead the company to pursue a potential debt
restructuring," said credit analyst Andrew Bove.  "We believe the
existing capital structure of this entity is unsustainable in the
long-term given our expectation for negative free operating cash
flow beginning in fiscal 2017, and our view that the apparel
industry will only be more challenged over the next 12-24 months."

The negative outlook on Charlotte Russe Inc. reflects S&P's belief
that there is a possibility that the company could pursue a debt
restructuring given the distressed market prices of the company's
debt, and also S&P's unfavorable long-term view of the specialty
apparel industry.  S&P believes Charlotte Russe could use available
liquidity to fund a distressed exchange with term loan lenders if
it decides to pursue that option.

S&P could lower the ratings, including the corporate credit rating,
to 'CC' if the company publicly announces a restructuring. S&P
could also lower the corporate credit rating to 'SD' if a
restructuring occurs without a pre-announcement.

Although unlikely, S&P could raise the ratings if the company
meaningfully strengthens performance and our view of its standing
in credit market improves.  S&P would also need to believe that the
prospects for a debt restructuring are unlikely.



CHARTER SCHOOL: S&P Hikes Rating on 2010A/B Education Bonds to BB+
------------------------------------------------------------------
S&P Global Ratings raised its rating on Yonkers Economic
Development Corp., N.Y.'s series 2010A and 2010B educational
revenue bonds, issued for Charter School of Educational Excellence
(CSEE), to 'BB+' from 'BB'.  The outlook is stable.

"We raised the rating based on our recently published U.S.
Not-for-Profit Charter Schools methodology as well as on the
school's improved liquidity in recent years," said S&P Global
Ratings credit analyst Brian Marshall.

S&P assessed CSEE's enterprise profile as vulnerable characterized
by nominally low enrollment and waitlist compared with that of
higher rated peers and good academics.  S&P assessed CSEE's
financial profile as adequate supported by recent positive
operating performance, good unrestricted reserves, and sufficient
maximum annual debt service (MADS) coverage, coupled with improving
liquidity that has recovered from cash flow problems in recent
history.  S&P believes that combined, these credit factors lead to
an indicative stand-alone credit profile of 'bbb-'.

In S&P's opinion, the 'BB+' rating on the school's bonds better
reflects CSEE's high debt burden relative to that of peers along
with potential risks related to a planned high school expansion
that could involve new debt.

Credit strengths that support the rating include:

   -- Growing enrollment over three years, with a fall 2016
      enrollment of 699 and a slightly below-average wait list of
      346;

   -- Good academic performance, with CSEE outperforming the
      Yonkers Public Schools and being named a Reward School by
      New York State for two consecutive years; and

   -- A history of positive operating performance over the past
      two years, with an $881,000 surplus in fiscal 2016, and 2x
      maximum annual debt service (MADS) coverage that S&P
      considers solid.

Offsetting these strengths, in S&P's view, are the school's:

   -- History of volatile cash, with prior delays in district
      payments and cost overruns (although fiscal 2016 days' cash
      is solid at around 97, with no delays in district payments);

   -- Plans to expand within two-to-three years to include a high
      school, which could involve new debt or use of internal
      funds to develop a high school facility, and which will
      require charter authorizer approval; and

   -- Inherent risk associated with charter reauthorization, given

      that the bonds' final maturity exceeds the current charter's

      time horizon.

CSEE is in Yonkers, within Westchester County, N.Y., and serves
about 699 students in kindergarten through eighth grade.  Proceeds
of the $12.4 million 2010 bonds were used to construct the new
school building and refinance the cost of improvements to the
existing facility.  The bonds are a general obligation of CSEE,
with a debt service reserve fund and a mortgage of the school's
facilities providing additional security.

The stable outlook reflects S&P's expectation that the school will
maintain its current demand and good academic performance, and that
its enterprise and financial profiles will remain on par with other
'BB+' rated peers over S&P's one-year outlook horizon.

S&P could lower the rating should additional debt plans cause
financial metrics to fall to levels no longer commensurate with the
rating, or if a recurrence in payment delays from the district
causes liquidity to fall materially to levels no longer consistent
with the rating level.

If the school can demonstrate a trend of maintaining solid
liquidity, with timely payments from the local district and MADS
coverage remaining at its current level, coupled with a moderating
debt burden, S&P would consider a positive rating action.


CHOUDRIES INC: Ch. 11 Trustee Hires Gilbert as Auctioneer
---------------------------------------------------------
Lawrence V.Young, the Chapter 11 Trustee of Choudries, Inc., d/b/a
Super Seven Food Mart, seeks authority from the U.S. Bankruptcy
Court for the Middle District of Pennsylvania to employ Gilbert &
Gilbert Auctioneers, Inc. as auctioneer to the Trustee.

Choudries, Inc.requires Gilbert to sell at public auction the
Debtor's real estate located at 11 North Main Street, York New
Salem, Pennsylvania; 39 North Main Street, York New Salem,
Pennsylvania; and East George Street, York New Salem, Pennsylvania,
having an aggregate scheduled value of $500,000.

Gilbert will be paid a commission of 3% of the gross sale price, or
a minimum of $2,500, whichever is greater.

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

Brian Gilbert, member of Gilbert & Gilbert Auctioneers, Inc.
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtor and its estates.

Gilbert can be reached at:

     Brian Gilbert
     GILBERT & GILBERT AUCTIONEERS, INC.
     216 Forge Hill Road
     Wrightsville, PA 17368
     Tel: (717) 252-1656

                About Choudries, Inc.

Headquartered in Mechanicsburg, Pennsylvania, Choudries Inc. dba
Super Seven Food Mart filed for Chapter 11 bankruptcy protection
(Bankr. M.D. Pa. Case No. 16-02475) on June 13, 2016, and is
represented by Gary J. Imblum, Esq., at Imblum Law Offices, P.C.
The petition was signed by Abdul Akhter, president. The Debtor
estimated its assets and liabilities at between $1 million and $10
million each. Judge Mary D. France presides over the case.


CLAYTON WILLIAMS: ICS Opportunities, et al. File Schedule 13G/A
---------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, these reporting persons disclosed beneficial ownership
of shares of common stock of Clayton Williams Energy, Inc.:

    i) ICS Opportunities, Ltd., beneficially owned 6,736 shares of
       Clayton Williams' Common Stock or representing 0% equity
       stake; and

   ii) Integrated Assets, Ltd., beneficially owned 914 shares of
       the Issuer's Common Stock representing 0%.

As of the close of business on Jan. 30, 2017, Integrated Core
Strategies (US) LLC, no longer beneficially owned any shares of the
Issuer’s Common Stock.

Millennium International Management LP is the investment manager to
ICS Opportunities and Integrated Assets and may be deemed to have
shared voting control and investment discretion over securities
owned by ICS Opportunities and Integrated Assets.

Millennium International Management GP LLC, a Delaware limited
liability company is the general partner of Millennium
International Management and may also be deemed to have shared
voting control and investment discretion over securities owned by
ICS Opportunities and Integrated Assets.

Millennium Management LLC is the general partner of the 100%
shareholder of ICS Opportunities and Integrated Assets and may be
deemed to have shared voting control and investment discretion over
securities owned by ICS Opportunities and Integrated Assets.

Israel A. Englander is the managing member of Millennium
International Management GP and Millennium Management and may also
be deemed to have shared voting control and investment discretion
over securities owned by ICS Opportunities and Integrated Assets.

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

                     https://is.gd/s9Wk8i

                    About Clayton Williams

Midland, Texas-based Clayton Williams Energy, Inc. is an
independent oil and gas company engaged in the exploration for and
production of oil and natural gas primarily in Texas and New
Mexico.  On Dec. 31, 2015, the Company's estimated proved reserves
were 46,569 MBOE, of which 78% were proved developed.  The
Company's portfolio of oil and natural gas reserves is weighted in
favor of oil, with approximately 83% of its proved reserves at Dec.
31, 2015, consisting of oil and natural gas liquids and
approximately 17% consisting of natural gas.  During 2015, the
Company added proved reserves of 3,542 MBOE through extensions and
discoveries, had downward revisions of 26,158 MBOE and had sales of
minerals-in-place of 472 MBOE.  The Company also had average net
production of 15.8 MBOE per day in 2015, which implies a reserve
life of approximately 8.1 years.

Clayton Williams reported a net loss of $98.2 million in 2015
following net income of $43.9 million in 2014.

As of Sept. 30, 2016, Clayton Williams had $1.43 billion in total
assets, $1.25 billion in total liabilities and $182.8 million in
stockholders' equity.

                          *     *     *

In July 2016, S&P Global Ratings affirmed its 'CCC+' corporate
credit rating on Clayton Williams Energy.  The ratings reflect
S&P's assessment that the company's debt leverage is unsustainable,
debt to EBITDA expected to average above 15x over the next three
years.  The ratings also reflect S&P's assessment of liquidity as
adequate.

In January 2017, Moody's Investors Service placed the ratings of
Clayton Williams Energy (Caa3) under review for upgrade following
the announcement of a definitive agreement to be acquired by Noble
Energy (Baa3 stable) in a transaction valued at $3.2 billion,
including the assumption of Clayton Williams' approximately $500
million of net debt.  The review for upgrade is based on the
potential benefit of Clayton Williams being supported by the
stronger credit profile and greater financial flexibility of Noble.


CLINE GRAIN: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------
The Office of the U.S. Trustee on Feb. 6 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Cline Grain, Inc.

Cline Grain, Inc., and its four debtor-affiliates sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. S. D. Ind. Case
Nos. 17-80004, 17-80005, 17-80006, 17-00013 and 17-00014) on
January 3, 2017.  The petitions were signed by Allen Cline,
authorized representative.  

The cases are assigned to Judge Jeffrey J. Graham.

At the time of the filing, the Debtors reported these assets and
liabilities:

                                           Estimated   Estimated
                                            Assets    Liabilities
                                          ----------  -----------
     Cline Grain, Inc.                     $0-$50K     $1M-$10M
     Cline Transport, Inc.                $500K-$1M    $1M-$10M
     New Winchester Properties            $10M-$50M    $1M-$10M


COCOA EXPO: Hires Fisher Rushmer as Attorney
--------------------------------------------
Cocoa Expo Sports Center, LLC, seeks authority from the U.S.
Bankruptcy Court for the Middle District of Florida to employ
Fisher Rushmer, P.A. as attorney to the Debtor.

Cocoa Expo requires Fisher Rushmer to:

   a. advise and counsel the debtor-in-possession concerning the
      operation of its business in compliance with the Chapter 11
      and orders of the bankruptcy Court;

   b. defend and prosecute causes of action on behalf of the
      debtorin-possession;

   c. prepare, on behalf of the debtor-in-possession, all
      necessary applications, motions, reports, and other legal
      papers in the Chapter 11 case;

   d. assist in the formulation of a plan of reorganization and
      prepare a disclosure statement; and

   e. provide all services of a legal nature in the field of
      bankruptcy law.

Fisher Rushmer was paid in the amount of $4,032.60 prior to the
petition date. The amount of $27, 684.40 was paid as a retainer
which Fisher Rushmer will hold in trust for payment of
post-bankruptcy fees and costs.

The source of the retainer and payments for legal services prior to
the petition date is: (i) $6,717 from Debtor; and (ii) $25,000 from
Unnerstall Contracting Co. LLC.

Fisher Rushmer will also be reimbursed for reasonable out-of-pocket
expenses incurred.

David R. McFarlin, member of Fisher Rushmer, P.A., assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Fisher Rushmer can be reached at:

     David R. McFarlin
     FISHER RUSHMER, P.A.
     390 N. Orange Avenue, Suite 2200
     Orlando, FL 32801
     Tel: (407) 843-2111
     Fax: (407) 422-1080

                About Cocoa Expo Sports Center, LLC

Cocoa Expo Sports Center, LLC, based in Cocoa, FL, filed a Chapter
11 petition (Bankr. M.D. Fla. Case No. 17-00441) on January 23,
2017. David R. McFarlin, Esq., at Fisher Rushmer, P.A., to serve as
bankruptcy counsel.

In its petition, the Debtor estimated $10 million to $50 million in
both assets and liabilities. The petition was signed by Jeffrey C.
Unnerstall, managing member.


COMBIMATRIX CORP: Adopts 2017 Executive Performance Bonus Plan
--------------------------------------------------------------
Pursuant to the authority granted under the CombiMatrix Corporation
2006 Stock Incentive Plan, the Compensation Committee of
CombiMatrix Corporation adopted a 2017 Executive Performance Bonus
Plan, effective as of Jan. 1, 2017, to provide certain members of
the Company's senior management the opportunity to earn incentive
bonuses based on the Company's attainment of specific financial
performance objectives for 2017.  The Compensation Committee
determined that the Company's chief executive officer, Mark
McDonough, and the Company's chief financial officer, Scott Burell,
are eligible to receive such awards under the 2017 Bonus Plan.

A participant's bonus under the 2017 Bonus Plan will consist of a
cash incentive and will be based on the participant's achievement
of three separate components as follows: (i) 30% tied to the
achievement of the Company's 2017 revenue target as determined by
the Company's Compensation Committee; (ii) 30% tied to the
Company's 2017 EBITDA loss target as determined by the Company's
Compensation Committee; and (iii) 40% tied to the Company's 2017
operating cash burn target as determined by the Company's
Compensation Committee.  Also each component includes three levels
of achievement in order to encourage higher levels of performance.

If the Company achieves 95% of the target revenue for the first
half of 2017 and/or the second half of 2017, the target revenue
portion of the cash bonus for the CEO and CFO will equal $16,380
and $9,945, respectively, for each applicable measurement period.
If the Company achieves 100% of the target revenue for the first
half of 2017 and/or the second half of 2017, the target revenue
portion of the cash bonus for the CEO and CFO will equal $32,760
and $19,890, respectively, for each applicable measurement period.
If the Company achieves 110% of the target revenue for the first
half of 2017 and/or the second half of 2017, the target revenue
portion of the cash bonus for the CEO and CFO will equal $36,036
and $21,879, respectively, for each applicable measurement period
(and the target revenue portion of the cash bonus will be computed
on a pro rata basis between 95% and 100% of the target achieved and
between 100% and 110% of the target achieved).  If actual targets
achieved exceed 110%, the applicable bonuses will remain fixed at
the 110% level.

If the Company achieves 100% of the 2017 EBITDA loss target for the
first half of 2017 and/or the second half of 2017, the EBITDA loss
target portion of the cash bonus for the CEO and CFO will equal
$32,760 and $19,890, respectively, for each applicable measurement
period.  If the Company achieves 95% of the 2017 EBITDA loss target
for the first half of 2017 and/or the second half of 2017, the
EBITDA loss target portion of the cash bonus for the CEO and CFO
will equal $34,398 and $20,885, respectively, for each applicable
measurement period.  If the Company achieves 90% of the 2017 EBITDA
loss target for the first half of 2017 and/or the second half of
2017, the EBITDA loss target portion of the cash bonus for the CEO
and CFO will equal $36,036 and $21,879, respectively, for each
applicable measurement period (and the EBITDA loss target portion
of the cash bonus will be computed on a pro rata basis between 100%
and 95% of the target achieved and between 95% and 90% of the
target achieved).  If actual targets achieved are below 90%, the
applicable bonuses will remain fixed at the 90% level.

If the Company achieves 100% of the 2017 operating cash burn target
for the first three quarters of 2017 and/or the fourth quarter of
2017, the target operating cash burn portion of the cash bonus for
the CEO and CFO will equal $43,680 and $26,520, respectively, for
each applicable measurement period.

Cash bonus payments, if earned, will be paid once the Company's
auditors have completed their annual audit of the Company's
consolidated financial statements, and will be paid out within
seventy-five days following Dec. 31, 2017.  In order to receive a
bonus payment, the participant must be employed by the Company or
its subsidiary at the time bonuses are computed and distributed.

A full-text copy of the 2017 Executive Performance Bonus Plan is
available for free at https://is.gd/ucQ5ik

                      About Combimatrix

Irvine, California-based CombiMatrix Corporation specializes in
pre-implantation genetic screening, miscarriage analysis, prenatal
and pediatric healthcare, offering DNA-based testing for the
detection of genetic abnormalities beyond what can be identified
through traditional methodologies.  Its clinical lab and corporate
offices are located in Irvine, California.

Combimatrix reported a net loss of $6.60 million in 2015 compared
to a net loss of $8.70 million in 2014.

As of Sept. 30, 2016, Combimatrix had $8.88 million in total
assets, $1.95 million in total liabilities and $6.93 million in
total stockholders' equity.

Haskell & White LLP, in Irvine, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has limited
working capital and a history of incurring net losses and net
operating cash flow deficits.  These conditions raise substantial
doubt about the Company's ability to continue as a going concern.


COMSTOCK RESOURCES: First Trust Reports 0.10% Stake as of Dec. 31
-----------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, First Trust Portfolios L.P., First Trust Advisors L.P.
and The Charger Corporation disclosed that as of Dec. 31, 2016,
they beneficially own 13,722 shares of common stock of Comstock
Resources, Inc. representing 0.10 percent of the shares
outstanding.  A full-text copy of the regulatory filing is
available for free at https://is.gd/xyiWCX

                    About Comstock Resources

Comstock Resources, Inc. is an independent energy company based in
Frisco, Texas and is engaged in oil and gas acquisitions,
exploration and development primarily in Texas and Louisiana.  The
Company's stock is traded on the New York Stock Exchange under the
symbol CRK.

The Company reported a net loss of $1.04 billion for the year ended
Dec. 31, 2015, compared to a net loss of $57.11 million for the
year ended Dec. 31, 2014.

As of Sept. 30, 2016, Comstock had $885.5 million in total assets,
$1.10 billion in total liabilities and a total stockholders'
deficit of $220 million.

                        *     *     *

As reported by the TCR on Sept. 23, 2016, S&P Global Ratings raised
its corporate credit rating on Comstock Resources Inc. to 'CCC+'
from 'SD' (selective default).  The outlook is negative.  "The
rating actions on Comstock are in conjunction with the
Sept. 6, 2016, close of their comprehensive debt exchange and our
assessment of the company's revised capital structure and credit
profile," said S&P Global Ratings credit analyst Aaron McLean.

Comstock Resources carries a 'Caa2' corporate family rating from
Moody's Investors Service.


COMSTOCK RESOURCES: MacKay Shields Has 18.8% Stake as of Nov. 9
---------------------------------------------------------------
MacKay Shields LLC, an investment adviser registered under Section
203 of the Investment Advisers Act of 1940, disclosed in an amended
Schedule 13G filed with the Securities and Exchange Commission that
it is deemed to be the beneficial owner of 9,464,049 shares of
common stock of Comstock Resources Inc. or 18.81% of the Common
Stock believed to be outstanding as a result of acting as
investment adviser to various clients.  All calculations of
percentage ownership are based on a total of 13,455,559 shares of
Common Stock issued and outstanding as of Nov. 9, 2016, as
disclosed on the Company's Form 10-Q filed with the SEC on Nov. 9,
2016, plus 35,753,172 shares issuable upon conversion of
convertible notes held by MacKay Shields' clients.

The MainStay High Yield Corporate Bond Fund, a registered
investment Company for which Mackay Shields acts as sub-investment
adviser, may be deemed to beneficially own 10.51% of the
outstanding common stock of the Company.  New York Life Investment
Management LLC, an indirect wholly owned subsidiary of New York
Life and an affiliate of Mackay Shields LLC, is the manager of
MainStay High Yield Corporate Bond Fund.

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

                     https://is.gd/Kxzvc5

                    About Comstock Resources

Comstock Resources, Inc. is an independent energy company based in
Frisco, Texas and is engaged in oil and gas acquisitions,
exploration and development primarily in Texas and Louisiana.  The
Company's stock is traded on the New York Stock Exchange under the
symbol CRK.

The Company reported a net loss of $1.04 billion for the year ended
Dec. 31, 2015, compared to a net loss of $57.11 million for the
year ended Dec. 31, 2014.

As of Sept. 30, 2016, Comstock had $885.5 million in total assets,
$1.10 billion in total liabilities and a total stockholders'
deficit of $220 million.

                        *     *     *

As reported by the TCR on Sept. 23, 2016, S&P Global Ratings raised
its corporate credit rating on Comstock Resources Inc. to 'CCC+'
from 'SD' (selective default).  The outlook is negative.  "The
rating actions on Comstock are in conjunction with the
Sept. 6, 2016, close of their comprehensive debt exchange and our
assessment of the company's revised capital structure and credit
profile," said S&P Global Ratings credit analyst Aaron McLean.

Comstock Resources carries a 'Caa2' corporate family rating from
Moody's Investors Service.


CONCORDIA INTERNATIONAL: Makes Final Earn Out Payment to Cinven
---------------------------------------------------------------
Concordia International Corp. announced that it has paid the
second and final installment of its earn-out to Cinven relating
to Concordia's October 2015 acquisition of Amdipharm Mercury
Limited.

The payment of EUR 72 million, plus interest of approximately
EUR 1.5 million, was paid with cash on hand.

                     About Concordia

Concordia is a diverse, international specialty pharmaceutical
company focused on generic and legacy pharmaceutical products and
orphan drugs.  The Company has an international footprint with
sales in more than 100 countries, and has a diversified portfolio
of more than 200 established, off-patent molecules that make up
more than 1,300 SKUs.  Concordia also markets orphan drugs through
its Orphan Drugs Division, consisting of Photofrin for the
treatment of certain rare forms of cancer.

Concordia operates out of facilities in Oakville, Ontario and,
through its subsidiaries, operates out of facilities in
Bridgetown,
Barbados; London, England and Mumbai, India.

As of Sept. 30, 2016, Concordia had US$4.22 billion in total
assets, US$3.92 billion in total liabilities and US$301.04 million
in total shareholders' equity.

                           *    *    *

As reported by the TCR on Nov. 17, 2016, Moody's Investors Service
downgraded the ratings of Concordia International Corp. including
the Corporate Family Rating to 'Caa1' from 'B3' and the
Probability
of Default Rating to 'Caa1-PD' from 'B3-PD'.  "The downgrade
follows continued weakness in the business, an uncertain
competitive environment, and an unclear and challenging path
towards deleveraging," said Jessica Gladstone, Moody's senior vice
president.


CONGREGATION ACHPRETVIA: Hires EisnerAmper as Accountant
--------------------------------------------------------
Congregation Achpretvia Tal Chaim Shar Hayushor, Inc., seeks
authority from the U.S. Bankruptcy Court for the Southern District
of New York to employ EisnerAmper LLP as accountant to the Debtor.

Congregation Achpretvia requires EisnerAmper to:

   a. monitor the activities of the Debtor;

   b. prepare the monthly operating reports, budgets and
      projections of the Debtor;

   c. coordinate the Debtor's interaction with EisnerAmper's Not-
      For-Profit Group as needed;

   d. prepare all required payroll tax returns, reports;

   e. attend meetings with the Debtor and Counsel, meet with the
      Creditors and Court hearings;

   f. assist in the preparation of the Plan of Reorganization and
      the Disclosure Statement;

   g. provide other assistance as the Debtor and counsel may deem
      necessary.

EisnerAmper will be paid at these hourly rates:

     Partners                              $525-$630
     Directors/Senior Managers             $440-$515
     Manager                               $310-$370
     Senior                                $250-$300
     Staff Assistant/Paraprofessional      $225-$250

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

Ira Spiegel, member of EisnerAmper, LLP, assured the Court that the
firm is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code and does not represent any interest
adverse to the Debtor and its estates.

EisnerAmper can be reached at:

     Ira Spiegel
     EISNERAMPER, LLP
     750 Third Avenue
     New York, NY 10017
     Tel: (212) 949-8700

               About Congregation Achpretvia Tal
                   Chaim Shar Hayushor, Inc.

Congregation Achpretvia Tal Chaim Sharhayu Shor, Inc., in Brooklyn,
New York, filed for Chapter 11 bankruptcy protection (Bankr.
S.D.N.Y. Case No. 16-10092) on Jan. 15, 2016. The petition was
signed by Harold Friedlander, vice president. Judge Michael E.
Wiles presides over the case. Arnold Mitchell Greene, Esq., at
Robinson Brog Leinwand Greene Genovese & Gluck P.C., serves as the
Debtor's counsel. The Congregation listed total assets of $18
million and total liabilities of $472,502.


CS360 TOWERS: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: CS360 Towers, LLC
        3300 Douglas Blvd., Suite 100
        Roseville, CA 95661

Case No.: 17-20731

Chapter 11 Petition Date: February 3, 2017

Court: United States Bankruptcy Court
       Eastern District of California (Sacramento)

Judge: Hon. Robert S. Bardwil

Debtor's Counsel: Stephan M. Brown, Esq.
                  THE BANKRUPTCY GROUP, P.C.
                  3300 Douglas Blvd #100
                  Roseville, CA 95661
                  Tel: 800-920-5351
                  E-mail: eric@thebklawoffice.com

Total Assets: $18.46 million

Total Debts: $5.72 million

The petition was signed by Mark D. Chisick, manager.

Debtor's List of 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Gemack Associates, LLP             Promissory Note     $5,200,000
Attn. Mitch Geller
3626 East Coast
Highway, 2nd Floor
Long Beach, CA 90804

Leo J. Speckert                    500 N Street,          Unknown
                                   Sacramento, CA
                                   95814, Residential
                                   Condominum
                                   Units No.: 307;
                                   506; 606; 608; 804;
                                   805; 901; and
                                   1106.

Leo J. Speckert                    500 N. Street,        Unknown
                                   Sacramento, CA
                                   95814, Residential
                                   Condominium
                                   Units No.: 607 and
                                   1008

Manmohan S. Passi                  00 N. Street,         Unknown
                                   Sacramento, CA
                                   95814, Residential
                                   Condominium
                                   Units No.: 109 and
                                   501

Manmohan S. Passi                  500 N Street          Unknown
                                   Sacramento, CA
                                   95814
                                   Residential
                                   Condominium -
                                   Unit No.: 601;
                                   APN:
                                   00603100010050
                                   845 Square Feet

Manmohan S. Passi                  500 N Street          Unknown
                                   Sacramento, CA
                                   95814
                                   Residential
                                   Condominium -
                                   Unit No.: 808;
                                   APN:
                                   00603100020008
                                   1237 Square Feet

Manmohan S. Passi                  Promissory Note            $0

Mark D. Chisick                      Member Loan              $0

Michael Gilles                     500 N. Street,        Unknown
                                   Sacramento, CA
                                   95814,
                                   Commercial Units
                                   No.: 101C and
                                   102C

Michael Gilles                     500 N. Street,        Unknown
                                   Sacramento, CA
                                   95814,
                                   Commercial Units
                                   No.: 105C and
                                   106C

Passi Realty LLC                   500 N Street          Unknown
                                   Sacramento, CA
                                   95814
                                   Residential
                                   Condominium -
                                   Unit No.: 207;
                                   APN:
                                   00603100010016
                                   1261 Square Feet

Polycomp Trust                     500 N Street          Unknown
                                   Sacramento, CA
                                   95814
                                   Residential
                                   Condominium -
                                   Unit No.: 1207;
                                   APN:
                                   00603100020047
                                   1261 Square Feet

Ratib Norzei &                     500 N Street          Unknown
Shomisa Naizi                      Sacramento, CA
Norzei                             95814
                                   Commercial Unit
                                   No.: 109C; APN:
                                   00603100010009
                                   775 Square Feet

Ronald Elvidge                     500 N. Street,        Unknown
                                   Sacramento, CA
                                   95814,
                                   Commercial Units
                                   No.: 107C and
                                   108C

Sacramento County                  500 N Street             $134
Assessor Tax Collector             Sacramento, CA
                                   95814
                                   Common Area
                                   Unit No.: 0C; APN:
                                   00603000070000

Tri-Point Corporation              500 N. Street,        Unknown
                                   Sacramento, CA
                                   95814, Residential
                                   Condominium
                                   Units No.: 406;
                                   706; 904; and 1608

Tri-Point Corporation              500 N Street          Unknown
                                   Sacramento, CA
                                   95814
                                   Residential
                                   Condominium -
                                   Unit No.: 808;
                                   APN:
                                   00603100020008
                                   1237 Square Feet

Tri-Point Corporation              500 N Street          Unknown
                                    Sacramento, CA
                                    95814
                                    Residential
                                    Condominium -
                                    Unit No.: 1008;
                                    APN:
                                    00603100020028
                                    1237 Square Feet

Tri-Point Corporation               500 N Street         Unknown
                                    Sacramento, CA
                                    95814
                                    Residential
                                    Condominium -
                                    Unit No.: 1205;
                                    APN:
                                    00603100020045
                                    1261 Square Feet

Tri-Point Corporation               500 N Street         Unknown
                                    Sacramento, CA
                                    95814
                                    Residential
                                    Condominium -
                                    Unit No.: 1207;
                                    APN:
                                    00603100020047
                                    1261 Square Feet


CTI BIOPHARMA: Had $19.3M Est. Financial Standing as of Dec. 31
---------------------------------------------------------------
CTI BioPharma Corp. or CTI Parent Company reported total estimated
and unaudited net financial standing of $19.3 million as of Dec.
31, 2016.  The total estimated and unaudited net financial standing
of CTI Consolidated Group as of Dec. 31, 2016, was $20.5 million.

CTI Parent Company trade payables outstanding for greater than 31
days were approximately $4.0 million as of Dec. 31, 2016.  CTI
Consolidated Group trade payables outstanding for greater than 31
days were approximately $4.6 million as of Dec. 31, 2016.
During December 2016, there were solicitations for payment only
within the ordinary course of business and there were no
injunctions or suspensions of supply relationships that affected
the course of normal business.

As of Dec. 31, 2016, there were no amounts overdue of a financial
or tax nature, or amounts overdue to social security institutions
or overdue to employees.

During the month of December 2016, the Company's common stock, no
par value, outstanding decreased by 6,625 shares.  As a result, the
number of issued and outstanding shares of Common Stock as of Dec.
31, 2016, was 282,286,028.

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

                      https://is.gd/cquFMP

                      About CTI BioPharma

CTI BioPharma Corp. (NASDAQ and MTA: CTIC) --
http://www.ctibiopharma.com/-- formerly known as Cell
Therapeutics, Inc., is a biopharmaceutical company focused on
the acquisition, development and commercialization of novel
targeted therapies covering a spectrum of blood-related cancers
that offer a unique benefit to patients and healthcare providers.
The Company has a commercial presence in Europe and a late-stage
development pipeline, including pacritinib, CTI's lead product
candidate that is currently being studied in a Phase 3 program for
the treatment of patients with myelofibrosis.  CTI BioPharma is
headquartered in Seattle, Washington, with offices in London and
Milan under the name CTI Life Sciences Limited.

CTI Biopharma reported a net loss attributable to common
shareholders of $122.62 million on $16.11 million of total revenues
for the year ended Dec. 31, 2015, compared to a net loss
attributable to common shareholders of $96.0 million on $60.07
million of total revenues for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, CTI Biopharma had $76.48 million in total
assets, $63.96 million in total liabilities and $12.51 million in
total shareholders' equity.

The Company's independent registered public accounting firm
included an explanatory paragraph in its reports on its
consolidated financial statements for each of the years ended
Dec. 31, 2007, through Dec. 31, 2011, and for the year ended
Dec. 31, 2014, regarding their substantial doubt as to the
Company's ability to continue as a going concern.  The Company said
that although its independent registered public accounting firm
removed this going concern explanatory paragraph in its report on
our Dec. 31, 2015, consolidated financial statements, the Company
expects to continue to need to raise additional financing to fund
its operations and satisfy obligations as they become due.
According to the Company, the inclusion of a going concern
explanatory paragraph in future years may negatively impact the
trading price of its common stock and make it more difficult, time
consuming or expensive to obtain necessary financing, and the
Company cannot guarantee that it will not receive such an
explanatory paragraph in the future.


CTI BIOPHARMA: NB Public Reports 4.8% Equity Stake as of Dec. 31
----------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, NB Public Equity K/S, NB Public Equity Komplementar
ApS, Cora Madsen and Florian Schonharting disclosed that as of Dec.
31, 2016, they beneficially own 13,566,354 shares of common stock
of CTI BioPharma Corp. representing 4.8 percent based on
282,376,610 shares of Common Stock outstanding as of Oct. 27, 2016.
A full-text cop of the regulatory filing is available for free at
https://is.gd/2VslKu

                     About CTI BioPharma

CTI BioPharma Corp. (NASDAQ and MTA: CTIC) --
http://www.ctibiopharma.com/-- formerly known as Cell
Therapeutics, Inc., is a biopharmaceutical company focused on
the acquisition, development and commercialization of novel
targeted therapies covering a spectrum of blood-related cancers
that offer a unique benefit to patients and healthcare providers.
The Company has a commercial presence in Europe and a late-stage
development pipeline, including pacritinib, CTI's lead product
candidate that is currently being studied in a Phase 3 program for
the treatment of patients with myelofibrosis.  CTI BioPharma is
headquartered in Seattle, Washington, with offices in London and
Milan under the name CTI Life Sciences Limited.

CTI Biopharma reported a net loss attributable to common
shareholders of $122.62 million on $16.11 million of total revenues
for the year ended Dec. 31, 2015, compared to a net loss
attributable to common shareholders of $96.0 million on $60.07
million of total revenues for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, CTI Biopharma had $76.48 million in total
assets, $63.96 million in total liabilities and $12.51 million in
total shareholders' equity.

The Company's independent registered public accounting firm
included an explanatory paragraph in its reports on its
consolidated financial statements for each of the years ended
Dec. 31, 2007, through Dec. 31, 2011, and for the year ended
Dec. 31, 2014, regarding their substantial doubt as to the
Company's ability to continue as a going concern.  The Company said
that although its independent registered public accounting firm
removed this going concern explanatory paragraph in its report on
our Dec. 31, 2015, consolidated financial statements, the Company
expects to continue to need to raise additional financing to fund
its operations and satisfy obligations as they become due.
According to the Company, the inclusion of a going concern
explanatory paragraph in future years may negatively impact the
trading price of its common stock and make it more difficult, time
consuming or expensive to obtain necessary financing, and the
Company cannot guarantee that it will not receive such an
explanatory paragraph in the future.


CUI GLOBAL: Heartland Advisors Reports 10.8% Stake as of Dec. 31
----------------------------------------------------------------
Heartland Advisors, Inc. and William J. Nasgovitz disclosed in an
amended Schedule 13G filed with the Securities and Exchange
Commission that as of Dec. 31, 2016, they beneficially own
2,259,375 shares of common stock of CUI Global representing 10.8
percent of the shares outstanding.  A full-text copy of the
regulatory filing is available for free at https://is.gd/5gmy1G

                       About CUI Global

Tualatin, Ore.-based CUI Global, Inc., formerly known as Waytronx,
Inc., is a platform company dedicated to maximizing shareholder
value through the acquisition, development and commercialization
of new, innovative technologies.

CUI Global reported a net loss of $5.98 million on $86.7 million
of total revenues for the year ended Dec. 31, 2015, compared to a
net loss of $2.80 million on $76.04 million of total revenues for
the year ended Dec. 31, 2014.

As of Sept. 30, 2016, CUI Global had $84.02 million in total
assets, $31.58 million in total liabilities and $52.44 million in
total stockholders' equity.

                          *   *    *

This concludes the Troubled Company Reporter's coverage of CUI
Global, Inc. until facts and circumstances, if any, emerge that
demonstrate financial or operational strain or difficulty at
a level sufficient to warrant renewed coverage.


CURO HEALTH: S&P Cuts 1st Lien Debt Rating to 'B' on $60MM Add-On
-----------------------------------------------------------------
S&P Global Ratings lowered its issue-level rating on hospice care
provider Curo Health Services Holdings Inc.'s senior secured
first-lien debt to 'B' from 'B+'.  S&P revised the recovery rating
on this debt to '3' from '2'.  S&P's 'CCC+' issue-level rating on
Curo's second-lien debt and recovery rating of '6' on that
obligation are unchanged.  S&P's corporate credit rating of 'B' is
also unchanged, given the transaction is leverage neutral.  The
outlook remains stable.

The downgrade on the first-lien debt follows Curo's proposed
$60 million incremental first-lien debt issuance and S&P's
expectation that the company will use the proceeds to pay down
second-lien debt.  Pro forma for this transaction, S&P expects the
capital structure to consist of a $45 million cash flow revolver, a
$433 million first-lien term loan, and a $155 million second-lien
term loan.

The '3' recovery rating on the first-lien debt indicates S&P's
expectation for meaningful (50%-70%, at the higher end of the
range) recovery in the event of a payment default.  The '6'
recovery rating on the second-lien debt indicates S&P's expectation
for negligible (0%-10%) recovery in the event of a payment
default.

The corporate credit rating continues to reflect S&P's assessment
of the company's business risk as weak and financial risk as highly
leveraged.

S&P's assessment of the business risk profile is based on Curo's
narrow focus as a provider of hospice services, the highly
fragmented nature of the hospice industry, reimbursement risk, and
modest scale.  This is partially offset by the favorable
demographic trends and the company's improving operational
performance over the past few years.

S&P's assessment of the financial risk profile reflects its
expectation for debt leverage to be about 7x and for the ratio of
funds from operations (FFO) to debt to be below 10% for 2017.  It
also reflects S&P's expectation for the company to generate free
cash flow of $25 million to $35 million, which S&P expects to be
used for acquisitive and organic growth and for adjusted debt
leverage to remain above 5x, given ownership by private equity
sponsors.

RATINGS LIST

Curo Health Services Holdings Inc.
Corporate Credit Rating          B/Stable/--

Downgraded; Recovery Ratings Revised

                                  To         From
Curo Health Services Holdings Inc.
Senior Secured First Lien        B          B+
  Recovery Rating                 3H         2L



CURTIS JAMES JACKSON: Bankruptcy Discharged After $22M Payment
--------------------------------------------------------------
The American Bankruptcy Institute, citing The Associated Press,
reported that U.S. Bankruptcy Judge Ann Nevins has discharged the
bankruptcy case of rapper 50 Cent, whose real name is Curtis James
Jackson III, after he paid more than $22 million.

According to the report, Judge Nevins approved a plan in July
calling for 50 Cent to pay back about $23 million.

Jackson's lawyers said that he paid off the five-year plan early
with $8.7 million of his own money and $13.65 million he received
in a recent settlement of a legal malpractice lawsuit against other
attorneys, the report related.

Curtis James Jackson, III, aka 50 Cent, filed for Chapter 11
bankruptcy protection (Bankr. D. Conn. Case No. 15-21233) on
July 13, 2015.

In July 2016, U.S. bankruptcy court judge approved a Chapter 11
reorganization plan for 50 Cent.  Melissa Daniels, writing for
Bankruptcy Law360, reported that the bankruptc plan requires
Jackson to pay $18 million to Sleek Audio to settle a judgment, $6
million to a woman who won a jury award against him in a sex tape
scandal and about $4 million to settle a guarantee claim with Sun
Trust Bank, among paying off other creditors over a five-year
period.


DAYBREAK OIL: Signs Agreement to Extend Notes Maturity to 2019
--------------------------------------------------------------
Daybreak Oil and Gas, Inc., entered into agreements with all of its
12% Subordinated Notes due Jan. 29, 2017, to extend the maturity
date of those Notes by two years to Jan. 29, 2019.  The Notes were
originally issued by the Company pursuant to a 2010 private
placement, with an initial expiration date of Jan. 29, 2015, in
which the purchasers of the Notes also received warrants to
purchase shares of the Company's common stock at an exercise price
of $0.14 per share.  To incentivize noteholders to agree to the
Extension, the Company offered to extend the expiration date of the
Warrants to Jan. 29, 2019, to match the maturity date of the Notes,
and to reduce the exercise price of the Warrants from $0.14 to
$0.07.  All other terms of the warrants remain unchanged.

The Extension was offered to all holders of the Notes and accepted
by all holders.  The holders of the Notes agreeing to the Extension
collectively hold $565,000 in outstanding principal amount of the
Notes and 980,000 Warrants.

The Board of Directors of the Company determined that the extension
was in the best interest of the Company and its shareholders due to
the fact that it would allow the Company to use its capital
resources for its operations rather than redemption of the Notes,
and because the terms of the Notes are more favorable than other
financing currently available to the Company.

                      About Daybreak Oil
   
Daybreak Oil and Gas, Inc., is an independent oil and natural gas
exploration, development and production company.  The Company is
headquartered in Spokane, Washington and has an operations office
in Friendswood, Texas.  The Company's common stock is quoted on
the OTC Bulletin Board market under the symbol DBRM.OB.  Daybreak
has over 20,000 acres under lease in the San Joaquin Valley of
California.

Daybreak Oil reported a net loss available to common shareholders
of $4.33 million on $1.25 million of revenue for the year ended
Feb. 29, 2016, compared to a net loss available to common
shareholders of $865,577 on $3.08 million of revenue for the year
ended Feb. 28, 2015.

As of Nov. 30, 2016, Daybreak Oil had $1.16 million in total
assets, $13.36 million in total liabilities and a total
stockholders' deficit of $12.20 million.

MaloneBailey, LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Feb. 29, 2016, citing that Daybreak Oil suffered losses from
operations and has negative operating cash flows, which raises
substantial doubt about its ability to continue as a going concern.


DEKADA CORPORATION: Hires Demarco & Associates as Accountant
------------------------------------------------------------
Dekada Corporation, d/b/a El Mexicano II, seeks authority from the
U.S. Bankruptcy Court for the District of New Jersey to employ
Ernest P. Demarco & Associates, LLC as accountant to the Debtor.

Dekada Corporation requires Demarco & Associates to:

   a. assist the Debtor with accounting matters;

   b. prepare Monthly Operating Reports and tax returns; and

   c. review and negotiate of claims by taxing authorities.

Demarco & Associates will be paid at these hourly rates:

     Accountant                  $300
     Senior Accountant           $240
     Staff Accountant            $180

Demarco & Associates will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Dennis G. Barker, member of Ernest P. Demarco & Associates, LLC,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtor and it s estates.

Demarco & Associates can be reached at:

     Dennis G. Barker
     ERNEST P. DEMARCO & ASSOCIATES, LLC
     533 Lafayette Avenue
     Hawthorne, NJ 07506
     Tel: (973) 423-3177

                About Dekada Corporation

Dekada Corporation dba El Mexicano II filed for Chapter 11
bankruptcy protection (Bankr. D.N.J. Case No. 15-24329) on July 30,
2015, disclosing under $1 million in both assets and liabilities.
Milica A. Fatovich, Esq., at Hook & Fatovich, LLC, serves as the
Debtor's bankruptcy counsel.



DELCATH SYSTEMS: Empery Asset No Longer a Shareholder
-----------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Empery Asset Management, LP, Ryan M. Lane and Martin D.
Hoe disclosed that as of Dec. 31, 2015, they have ceased to
beneficially own shares of common stock of Delcath Systems, Inc.
A full-text copy of the regulatory filing is available at:

                    https://is.gd/9IQdMu

                       About Delcath

Delcath Systems, Inc. is an interventional oncology Company focused
on the treatment of primary and metastatic liver cancers. The
Company's investigational product -- Melphalan Hydrochloride for
Injection for use with the Delcath Hepatic Delivery System
(Melphalan/HDS) -- is designed to administer high-dose chemotherapy
to the liver while controlling systemic exposure and associated
side effects.  The Company has commenced a global Phase 3 FOCUS
clinical trial for Patients with Hepatic Dominant Ocular Melanoma
(OM) and a global Phase 2 clinical trial in Europe and the U.S. to
investigate the Melphalan/HDS system for the treatment of primary
liver cancer (HCC) and intrahepatic cholangiocarcinoma (ICC).
Melphalan/HDS has not been approved by the U.S. Food & Drug
Administration (FDA) for sale in the U.S. In Europe, our system has
been commercially available since 2012 under the trade name Delcath
Hepatic CHEMOSAT Delivery System for Melphalan (CHEMOSAT), where it
has been used at major medical centers to treat a wide range of
cancers of the liver.

Delcath reported a net loss of $14.7 million in 2015, a net loss of
$17.4 million in 2014 and a net loss of $30.3 million in 2013.

As of Sept. 30, 2016, Delcath had $36.98 million in total assets,
$32.49 million in total liabilities and $4.48 million in total
stockholders' equity.

Grant Thornton LLP, in New York, New York, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has incurred recurring
losses from operations and as of Dec. 31, 2015, has an accumulated
deficit of $261 million.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.


DELCATH SYSTEMS: Hudson Reports 9.9% Stake as of Dec. 31
--------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Hudson Bay Capital Management, L.P. and Sander Gerber
disclosed that as of Dec. 31, 2016, they beneficially own 239,141
shares of common stock (including 196,377 shares of Common Stock
issuable upon exercise of warrants and/or conversion of convertible
notes) of Delcath Systems, Inc. representing 9.99 percent of the
shares outstanding.

The Company's Quarterly Report on Form 10-Q for the quarterly
period ended Sept. 30, 2016, filed with the SEC on Nov. 10, 2016,
discloses that the total number of outstanding shares of
Common Stock as of Nov. 10, 2016, was 2,197,431.

Pursuant to the terms of the Securities, the Reporting Persons
cannot exercise the Securities if the Reporting Persons would
beneficially own, after such exercise, more than 9.99% of the
outstanding shares of Common Stock.  The percentage and the number
of shares of Common Stock for each Reporting Person give effect to
the 9.99% Blockers.  Consequently, at this time, the Reporting
Persons are not able to exercise all of the Securities due to the
9.99% Blockers.

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

                      https://is.gd/EQmPwP

                         About Delcath

Delcath Systems, Inc. is an interventional oncology Company focused
on the treatment of primary and metastatic liver cancers. The
Company's investigational product -- Melphalan Hydrochloride for
Injection for use with the Delcath Hepatic Delivery System
(Melphalan/HDS) -- is designed to administer high-dose chemotherapy
to the liver while controlling systemic exposure and associated
side effects.  The Company has commenced a global Phase 3 FOCUS
clinical trial for Patients with Hepatic Dominant Ocular Melanoma
(OM) and a global Phase 2 clinical trial in Europe and the U.S. to
investigate the Melphalan/HDS system for the treatment of primary
liver cancer (HCC) and intrahepatic cholangiocarcinoma (ICC).
Melphalan/HDS has not been approved by the U.S. Food & Drug
Administration (FDA) for sale in the U.S. In Europe, our system has
been commercially available since 2012 under the trade name Delcath
Hepatic CHEMOSAT Delivery System for Melphalan (CHEMOSAT), where it
has been used at major medical centers to treat a wide range of
cancers of the liver.

Delcath reported a net loss of $14.7 million in 2015, a net loss of
$17.4 million in 2014 and a net loss of $30.3 million in 2013.

As of Sept. 30, 2016, Delcath had $36.98 million in total assets,
$32.49 million in total liabilities and $4.48 million in total
stockholders' equity.

Grant Thornton LLP, in New York, New York, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has incurred recurring
losses from operations and as of Dec. 31, 2015, has an accumulated
deficit of $261 million.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.


DESERT SPRINGS: Bid to Sell Bowling for $4.3M Denied
----------------------------------------------------
Judge Mark S. Wallace of the U.S. Bankruptcy Court for the Central
District of California denied without prejudice Desert Springs
Financial, LLC's motion to sell real property located at 68051
Ramon Road, Cathedral City, California, APN 680-190-034 ("Bowling")
including lessor's rights and obligations arising from the lease of
the property and 57% interest in the Parking Area parcel (APN
680-190-036) per CCRs of said parcel, to Palm Springs Financial
Group, LLC or Assignee, for $4,300,000, subject to overbid.

A hearing on the Motion was held on Jan. 24, 2017 at 2:00 p.m.

The motion was the Debtor's 4th Motion to sell the said real
property.

Judgment Creditors Shin/RPL filed an objection to the Motion.

The Court's statements on the record at the hearing will constitute
the Court's findings of fact and conclusions of law.

                About Desert Springs Financial

Desert Springs Financial LLC filed a chapter 11 petition (Bankr.
N.D. Cal. Case No. 16-14859) on May 30, 2016.  The single asset
real estate debtor is represented by Wayne M. Tucker, Esq., at
Orrock Popka Fortino Tucker & Dolen in Redlands, Calif.  At the
time of the filing, the Debtor disclosed $16.8 million in assets
and $7.33 million in liabilities.


EAST COAST FOODS: Trustee Taps Rostam Law as Special Counsel
------------------------------------------------------------
The Chapter 11 trustee for East Coast Foods, Inc. seeks approval
from the U.S. Bankruptcy Court for the Central District of
California to hire a special counsel.

Bradley Sharp, the court-appointed trustee, proposes to hire Rostam
Law, Inc. to represent him in four separate lawsuits involving the
Debtor.  The lawsuits were filed in the Los Angeles Superior
Court.

The fee to be paid to Rostam will be equal to 37% of the net amount
recovered from settlements, arbitration awards or judgments.

Carlos De La Paz, Esq., at Rostam, said in a court filing that he
is unaware of any conflict of interest that would preclude his firm
from representing the Debtor's bankruptcy estate.

The firm can be reached through:

     Carlos A. De La Paz, Esq.
     Rostam Law, Inc.
     453 South Spring Street, Suite 839
     Los Angeles, CA 90013
     Tel: (213) 291-8097
     Fax: (213) 605-0753

                      About East Coast Foods

East Coast Foods Inc., a California corporation, is the owner and
operator of four Roscoe' Chicken N' Waffles restaurants in Los
Angeles area.  East Coast Foods sought protection under Chapter 11
of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 16-13852) on
March 25, 2016.  The petition was signed by Herbert Hudson,
president.

The Debtor is represented by Vakhe Khodzhayan, Esq., at KG Law,
APC. The case is assigned to Judge Sheri Bluebond.

The Debtor estimated assets of $0 to $50,000 and debts of $10
million to $50 million.

The Office of the U.S. Trustee on April 29 appointed five creditors
of East Coast Foods, Inc., to serve on the official committee of
unsecured creditors.

Bradley D. Sharp was appointed Chapter 11 trustee of the Debtor's
estate on September 28, 2016.


EASTERN OUTFITTERS: Case Summary & 40 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

      Debtor                                       Case No.
      ------                                       --------
      Eastern Outfitters, LLC                      17-10243
         aka Subortis Retail Group, LLC
      160 Corporate Court
      Meriden, CT 06450
     
      Subortis IP Holdings, LLC                    17-10244
      160 Corporate Court
      Meriden, CT 06450

      Bob's/EMS Gift Card, LLC                     17-10245

      Subortis Retail Financing, LLC               17-10246

      Eastern Mountain Sports, LLC                 17-10247
         aka EMS Acquisition (2016) LLC
      160 Corporate Court
      Meriden, CT 06450

      Bob's Stores, LLC                            17-10248

Type of Business: Retail

Chapter 11 Petition Date: February 5, 2017

Court: United States Bankruptcy Court
       District of Delaware (Delaware)

Judge: Hon. Laurie Selber Silverstein

Debtors'
Restructuring
Counsel:          Robert G Burns, Esq.
                  Jennifer Feldsher, Esq.
                  David M Riley, Esq.
                  BRACEWELL LLP
                  1251 Avenue of the Americas, 49th Floor
                  New York, NY 10020-1100
                  Tel: 212-508-6100
                  Fax: 212-508-6101
                  E-mail: robert.burns@bracewelllaw.com
                          jennifer.feldsher@bracewelllaw.com
                          david.riley@bracewelllaw.com
                    
                     - and -      

                  Mark E Dendinger, Esq.
                  BRACEWELL LLP
                  CityPlace I, 34th Floor
                  185 Asylum Street
                  Hartford, CT 06103-3458
                  Tel: 860-947-9000
                  Fax: 800-404-3970
                  E-mail: mark.dendinger@bracewelllaw.com

Debtors'
Delaware
Counsel:          Norman L. Pernick, Esq.
                  Marion M Quirk, Esq.
                  Katharina Earle, Esq.  
                  COLE SCHOTZ P.C.
                  500 Delaware Avenue, Suite 1410
                  Wilmington, DE 19801
                  Tel: 302-652-3131
                  Fax: 302-652-3117
                  E-mail: npernick@coleschotz.com
                          mquirk@coleschotz.com
                          kearle@coleschotz.com

Debtors'
Turnaround
Advisor:          ALIXPARTNERS, LLP

Debtors'
Financial
Advisor:          LINCOLN PARTNERS ADVISORS LLC

Debtors'
Claims &
Noticing
Agent:            KURTZMAN CARSON CONSULTANTS

Estimated Assets and Liabilities:
                                          Estimated   Estimated
                                           Assets    Liabilities
                                         ----------  -----------
Eastern Outfitters                      $100M-$500M  $100M-$500M
Subortis IP Holdings                    $100M-$500M  $100M-$500M
Eastern Mountain Sports                 $100M-$500M  $100M-$500M

The petitions were signed by Mark Walsh, chief executive officer.

Debtors' Consolidated List of 40 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
VF Outdoor Inc.                         Trade           $768,837
105 Corporate Center Blvd
Greensboro, NC 27408
Tel: 336-424-6000
Fax: 336-424-7668
Email: corporate_communications@vfc.com

Google Inc.                            Expense          $646,359
1600 Amphitheatre Parkway
Mountain View, CA 94043
Tel: 650-253-0000
Fax: 650-253-0001

Wolverine World Wide, Inc.              Trade           $635,607
9341 Courtland Dr.
Rockford, MI 49351
Tel: 616-863-4234
Fax: 616-866-5550
Email: Stephanie.Rectenwal@wwwinc.com

Carhartt                                Trade           $615,998
5750 Mercury Dr.
Dearborn, MI 48126
Tel: 772-631-1550
Fax: 772-408-5221
Email: DFones@carhartt.com

Under Armour, Inc.                      Trade           $582,119
2601 Port Covington Dr.
Baltimore, MD 21230
Tel: 410-468-2512 x6589
Fax: 410-468-2516
Email: ktroast@underarmour.com

Aptos Canada, Inc. Aptos, Inc.          Expense          $413,242
9300 Trans Canada Hwy.
Suite 300
Saint-Laurent, QC H4S 1K5Canada
Nathalie Roy
Tel: 514-428-2278
Fax: 514-428-0824
Email: NRoy@aptos.com

Valassis Direct Mail, Inc.              Expense          $407,197
6 Armstrong Road 2nd Floor
Shelton, CT 06484
Tel: 203-225-9406
Fax: 734-591-4503
Jane Steiger
Email: Steiger@valassis.com

Confluence Watersports                   Trade           $373,657
575 Mauldin Road, Suite 200
Greenville, SC 29607
Tel: 864-859-8648
Fax: 888-373-1220
Email: lissa.masters@kayaker.com

K2 Corporations                          Trade           $272,041
413 Pine Street 3rd Floor
Seattle, WA 98101
Tel: 800-426-1617
Fax: 206-463-8272

UPS                                     Expense          $221,107

Hanesbrands Inc.                         Trade           $197,619
Email: Shelly.Vickers@hanes.com

Demandware, Inc.                        Expense          $173,043

Fownes Performance Group                 Trade           $171,843

Marmot Mountain International            Trade           $167,239
Email:  DRobinson@marmot.com

Kahtoola Inc.                            Trade           $159,333

Dan Post Boot Company                    Trade           $157,580

Fox River Mills, Inc.                    Trade           $133,781

WIS International                       Expense          $127,073

Renfro Corporation                       Trade           $112,172

Seirus Innovation 13975                  Trade           $112,109

Fila Sports, Inc.                        Trade           $110,277

Randa Accessories Leather Goods, LLC     Trade           $100,230

Centimark Corporation                   Expense           $95,543

Camelback Products LLC                   Trade            $94,872

Wrangler                                 Trade            $88,577
Email: corporate_communications@vcf.com

Moose Creek, Inc. 20801                  Trade            $86,519

Asolo USA190                             Trade            $80,788

Agron Inc.                               Trade            $75,925

Broad Factors Corp.                      Trade            $71,435

Klehr Harrison Harvey Branzburg LLP     Expense           $66,344

Life Is Good, Inc.                       Trade            $64,779

Royce Too, LLC                           Trade            $64,156

Dimension Data                          Expense           $63,796

Williamson-Dickie Mfg                    Trade            $63,524

Pacific Teaze, Inc.                      Trade            $63,381

Liberty Mountain Sports, LLC             Trade            $62,518

Criteo Corp.                            Expense           $61,918

Forty Seven Brand                        Trade            $61,268

Clickmail                               Expense           $59,999

Keen, Inc.                               Trade            $58,993
Email: shawna.arneson@keenfootwear.com


EASTERN OUTFITTERS: Files for Ch. 11 to Sell to SportsDirect
------------------------------------------------------------
Eastern Outfitters, LLC, the holding company of outdoor sports
apparel and equipment retailers Bob's Stores and Eastern Mountain
Sports, has filed for bankruptcy protection with plans to sell the
assets to SportsDirect.com Retail Ltd. as a going concern.

The Meriden, Connecticut-based company, which is owned by private
equity firm Versa Capital Management LLC, lists assets and
liabilities in $100 million to $500 million range.  As of the
petition date, the Debtors believe unsecured claims total $12
million.

The Debtors' operating business consists of Bob's Stores and
Eastern Mountain Sports, each of which is a regional multi-channel
retailer engaged in the apparel, footwear and sporting goods lines
of business.  Both retailers operate a retail store business and an
e-commerce business.  Collectively, the Debtors currently manage 86
retail stores.  Bob's Stores operates 35 stores through New
England, New York and New Jersey.  EMS operates 51 stores, located
primarily in the Northeastern states.

The Debtors employ approximately 2,600 full, part-time and
temporary employees across their operations.

According the court papers, the Company is in continuing
discussions with SportsDirect.com Retail Ltd., the lender under the
Company's and its subsidiaries' second lien debt, to serve as
stalking horse bidder for its assets.

To fund the operations and cost of the Chapter 11 case, Eastern
Outfitters has engaged in extensive negotiation with
SportsDirect.com to provide financing on favorable terms, which
will be secured by certain assets of the company and the other
borrowers.

Subortis IP Holdings, LLC, Bob's/EMS Gift Card, LLC, Subortis
Retail Financing, LLC, Eastern Mountain Sports, LLC and Bob's
Stores, LLC are also included in the bankruptcy filing.

Among the Debtors' top unsecured creditors are VF Outdoor Inc.,
Google Inc., Wolverine World Wide, Inc., Carhartt and Under Armour,
Inc.

The cases, filed on Feb. 5, 2017, are pending joint administration
under Case No. 17-10423 (LSS) before the Hon. Laurie Selber
Silverstein in the U.S. Bankruptcy Court for the District of
Delaware.

The Debtors have hired Bracewell LLP as restructuring counsel, Cole
Schotz P.C. as Delaware counsel, AlixPartners, LLP as turnaround
advisor, Lincoln Partners Advisors LLC as financial advisor and
Kurtzman Carson Consultants LLC as claims and noticing agent.

                    Prepetition Marketing Effort

Mark T. Walsh, the CEO, explains that the Debtors, like other
retail companies, have faced various obstacles in the current
challenging retail environment.  

Facing operational challenges along with tightening liquidity, the
Debtors, along with their advisors, engaged in a robust process to
explore and solicit interest in a number of potential
alternatives.

Although the Debtors received some interest through their marketing
process, by early 2017, the Debtors were still unable to secure a
committed transaction that would have provided the Debtors with
sufficient capital to continue operations as going concern.  As a
result, in January 2017, in addition to Lincoln's investment
banking efforts that were ongoing, the Debtors also retained
Malfitano Advisors, LLC, to serve as asset disposition advisor.

Ultimately, Malfitano secured six proposals from three different
bidding groups.  The proposals either provided for sufficient cash
or projected  to generate sufficient cash to repay the prepetition
senior loan and the potential for a limited recovery for the
prepetition subordinate term loan.  However, such proposals would
have also resulted in termination of all the Debtors' employees and
limited or no recovery for vendors and other creditors.  Absent any
committed alternatives, the Debtors began preparations for a
Chapter 11 filing with the highest and best liquidation proposal
they received.

On the eve of commencing the liquidation process ,the Debtors
received an offer from Sportsdirect to purchase all of the Debtors'
assets.  Sportsdirect is the United Kingdom's largest sporting
goods retailers.  

The Sportsdirect transaction contemplates going concern operations
of the Debtors' business and continued employment of approximately
1900 of the Debtors' employees.

                     Sale to Sportsdirect

In order to facilitate the sale of the Debtors' assets, the
Debtors, Vestis, the existing equity owner of the Debtors, and
Sportsdirect entered into a letter of intent ("LOI") on Jan. 27,
2017.  Consistent with the LOI, Sportsdirect acquired the Debtors'
second-lien debt from Vestis and provided $10 million of emergency,
bridge financing to allow the Debtors' continued operation while
the parties negotiated the purchase transaction.

Since the signing of the LOI, the Debtors and Sportsdirect have
engaged in around-the-clock, good-faith negotiations with
Sportsdirect's U.S. representatives and consultant Theseus Strategy
Group LLC, to fully document the terms of the proposed purchase
transaction and a DIP facility.  The negotiations are ongoing,
according to Mr. Walsh.


EASTERN OUTFITTERS: Sports Direct in Talks to Bid for Assets
------------------------------------------------------------
The American Bankruptcy Institute, citing Jessica DiNapoli of
Reuters, reported that struggling British sportswear retailer
Sports Direct is in talks to bid for Eastern Outfitters LLC, the
parent of U.S. discount chain Bob's Stores and outdoor retailer
Eastern Mountain Sports, people familiar with the matter said.

According to the report, the sportswear chain, founded and
controlled by Chief Executive Mike Ashley, is Britain's largest
sporting goods retailer with about 700 stores there and in the rest
of Europe and has been looking for ways to expand in the United
States.

A regulatory filing to the London Stock Exchange also revealed that
Sports Direct had taken a 11.2 percent stake in troubled UK fashion
retailer French Connection, through contracts for difference, the
report related.

Sports Direct is now in talks with Eastern Outfitters about
becoming a stalking horse bidder in a bankruptcy auction for the
company, the report said, citing people familiar with the matter.
That would set the price floor for more bids in the auction, the
report added.

Meriden, Connecticut-based Eastern Outfitters has hired law firm
Cole Schotz PC to prepare for a Chapter 11 bankruptcy filing,
expected in the coming days, the people said, the report further
cited.


EASTERN STAR: Case Summary & 10 Unsecured Creditors
---------------------------------------------------
Debtor: Eastern Star Baptist Church
        2701 E. 2nd St.
        North Little Rock, AR 72114

Case No.: 17-10643

Chapter 11 Petition Date: February 3, 2017

Court: United States Bankruptcy Court
       Eastern District of Arkansas (Little Rock)

Judge: Hon. Ben T. Barry

Debtor's Counsel: James F. Dowden, Esq.
                  JAMES F. DOWDEN, P.A.
                  212 Center Street, 10th Floor
                  Little Rock, AR 72201
                  Tel: (501) 324-4700
                  Fax: (501) 374-5463
                  E-mail: jfdowden@swbell.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Calvert Jackson, trustee/chairman.

A copy of the Debtor's list of 10 unsecured creditors is available
for free at http://bankrupt.com/misc/areb17-10643.pdf


ELECTRONIC CIGARETTES: Calm Waters Has 73.9% Stake as of Feb. 1
---------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Calm Waters Partnership and Richard S. Strong disclosed
that as of Feb. 1, 2017, they beneficially own 452,619,555 shares
of common stock of Electronic Cigarettes International Group, Ltd.,
representing 73.9 percent of the shares outstanding.

On Feb. 1, 2017, Calm Waters was entitled to receive 312,942 shares
of Common Stock at $0.09 per share in lieu of $28,164.75 of cash
interest due under the convertible notes.  The shares were issued
on Feb. 1, 2017.  As a result of these issuances, Calm Waters and
Mr. Strong had beneficial ownership of an aggregate of 452,619,555
shares of Common Stock.

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

                       https://is.gd/6Z4eN3

                   About Electronic Cigarettes

Electronic Cigarettes International Group, Ltd., is an independent
marketer and distributor of vaping products and E-cigarettes.  The
Company's objective is to become a leader in the rapidly growing,
global E-cigarette segment of the broader nicotine related products
industry which include traditional tobacco.  E-cigarettes are
battery-powered products that simulate tobacco smoking through
inhalation of nicotine vapor without the fire, flame, tobacco, tar,
carbon monoxide, ash, stub, smell and other chemicals found in
traditional combustible cigarettes.  The global E-cigarette market
is expected to grow to $51 billion, or a 4% share of the worldwide
tobacco market, by 2030.  The growth is forecast to come at the
expense of traditional tobacco, not from new smokers entering the
category.  Numerous research studies and publications have
recognized that E-cigarettes are a preferred method for smokers to
quit, and the most effective.

Electronics Cigarettes reported a net loss of $44.2 million in 2015
following a net loss of $389 million in 2014.

As of Sept. 30, 2016, the Company had $65.34 million in total
assets, $138.7 million in total liabilities and a total
stockholders' deficit of $73.36 million.

Rehmann Robson LLC, in Grand Rapids, Michigan, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has reported
significant operating losses and cash flow deficits and has
accumulated a net capital deficit.  These and other factors raise
substantial doubt about the Company's ability to continue as a
going concern.


EM LODGINGS: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: EM Lodgings L.L.C.
          dba Fairfield Inn & Suites East Peoria
        533 Main Street, Suite 538
        Peoria, IL 61602

Case No.: 17-80150

Chapter 11 Petition Date: February 6, 2017

Court: United States Bankruptcy Court
       Central District of Illinois (Peoria)

Judge: Hon. Thomas L. Perkins

Debtor's Counsel: Sumner Bourne, Esq.
                  RAFOOL, BOURNE & SHELBY, P.C.
                  411 Hamilton Blvd #1600
                  Peoria, IL 61602
                  Tel: (309) 673-5535
                  E-mail: sbnotice@mtco.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Gary E. Matthews, manager.

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/ilcb17-80150.pdf


ENTERCOM COMMUNICATIONS: S&P Puts 'B+' CCR on CreditWatch Positive
------------------------------------------------------------------
S&P Global Ratings said that it placed its ratings, including the
'B+' corporate credit rating, on Philadelphia-based Entercom
Communications Corp. on CreditWatch with positive implications.

"The CreditWatch placement reflects our expectation that the
pending merger will improve Entercom's scale, diversity, and pro
forma leverage," said S&P Global Ratings' credit analyst Scott
Zari.  "We expect that the combined company's pro forma leverage
will be about 4x--our stated upgrade threshold for the 'B+'
corporate credit rating." The combined entity will have 244
stations in 47 markets, including 23 of the top 25 markets, and
about $1.7 billion in revenue, making it the second largest radio
station operator in the U.S. on a revenue basis.

S&P will resolve the CreditWatch placement immediately following
the closing of the merger, which S&P expects to occur in the second
half of 2017.  Assuming the transaction closes as planned and the
combined company's operating performance remains relatively stable,
S&P will likely raise the corporate credit rating on the combined
company to 'BB-'.  If the transaction doesn't close, S&P would
likely consider Entercom's ability to reduce its leverage to below
4x as a stand-alone entity over the next 12 months.



ERGON CARIBBEAN: Hires C. Conde & Assoc. as Bankruptcy Attorney
---------------------------------------------------------------
Ergon Caribbean Corp., seeks authority from the U.S. Bankruptcy
Court for the District of Puerto Rico to employ the Law Offices of
C. Conde & Assoc. as attorney to the Debtor.

Ergon Caribbean requires C. Conde to:

   a. advise the Debtor with respect to its duties, powers and
      responsibilities in the case under the laws of the U.S. and
      Puerto Rico in which the Debtor-in-possession conducts its
      operations, do business, or is involved in litigation;

   b. advise the Debtor in connection with a determination
      whether a reorganization is feasible and, if not, help the
      Debtor in the orderly liquidation of its assets

   c. assist the Debtor with respect to negotiations with
      creditors for the purpose of arranging the orderly
      liquidation of assets and propose a viable plan of
      reorganization;

   d. prepare on behalf of the Debtor the necessary complaints,
      answers, orders, reports, memoranda of law and any other
      legal papers or documents;

   e. appear before the bankruptcy court, or any court in which
      the Debtors assert a claim interest or defense directly or
      indirectly related to the bankruptcy case;

   f. perform such other legal services for the Debtor as may be
      required in the proceedings or in connection with the
      operation of involvement with the Debtor's business,
      including notarial services; and

   g. employ other professional services, if necessary.

C. Conde will be paid at these hourly rates:

     Attorney                     $300
     Associates                   $275
     Junior Attorney              $250
     Paralegal                    $150

C. Conde will be paid a retainer in the amount of $15,000.

C. Conde will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Carmen D. Conde Torres, member of the Law Offices of C. Conde &
Assoc., assured the Court that the firm is a "disinterested person"
as the term is defined in Section 101(14) of the Bankruptcy Code
and does not represent any interest adverse to the Debtor and its
estates.

C. Conde can be reached at:

     Carmen D. Conde Torres, Esq.
     LAW OFFICES OF C. CONDE & ASSOC.
     254 San Jose Street, 5th Floor
     Old San Juan, PR 00901
     Tel: (787) 729-2900
     Fax: (787) 729-2203
     E-mail: condecarmen@condelaw.com

                About Ergon Caribbean Corp.

Ergon Caribbean Corp., filed a Chapter 11 bankruptcy petition
(Bankr. D.P.R. Case No. 17-00366) on January 25, 2017, disclosing
under $1 million in both assets and liabilities. The Debtor is
represented by Carmen D. Conde Torres, Esq. at the Law Offices of
C. Conde & Assoc.


ESSAR STEEL: Secured Creditors Comment on Monitor's Statement
-------------------------------------------------------------
The majority of Essar Steel Algoma Inc.'s Term Loan holders and
Senior Secured Noteholders (the "Senior Secured Lenders") on Feb.
2, 2017, commented on the Jan. 28, 2017, letter addressed to the
court-appointed monitor overseeing Algoma's insolvency proceedings
by Essar Global Fund Ltd.

Dan Gagnier, spokesperson for the secured creditors, said, "The
time for smoke and mirrors is over.  Essar Global's ownership, and
its inability to manage the volatility of commodity pricing, is a
principal reason why Algoma failed.  It is also critically
important to note that Essar Global was rejected from participating
in the Algoma and Stelco sale processes multiple times given
concerns regarding its financial wherewithal."

Added Mr. Gagnier, "We have a committed proposal that can reduce
the company's debt by approximately C$1.5 billion, provide up to
C$550 million of new capital and improve financial flexibility.
Algoma has been through four restructurings in its history and it
is our primary interest to help the company emerge from bankruptcy
with the best chance of competing across any market cycle."

Concluded Mr. Gagnier, "In addition, we are alarmed by the number
and magnitude of claims being advanced against the Essar Global
entities by parties involved with or affected by Essar Global,
including creditors, banks, suppliers, regulators, former
Directors, and local communities.  We certainly have significant
concerns regarding the conduct of Essar Global as it relates to the
Algoma operations and the negative impact certain decisions and
affiliate transactions have had on its stakeholders and the Sault
Ste. Marie community.  Many of these concerns have been raised
publicly by the Algoma Monitor, within the Algoma CCAA process and
in the ongoing oppression action commenced by the Monitor against
Essar Global and its affiliates.  We are hopeful that the Court
process resolves these issues and allows for the successful
recapitalization of Algoma for the long-term benefit of its various
stakeholders, including employees and retirees."

The terms of the Recapitalization Proposal are described in the
Restructuring Support Agreement, dated as of Sept. 15, 2016, among
the Consenting Lenders and the Consenting Noteholders.  Information
regarding the Recapitalization Proposal and other relevant
documents can be found on the Monitor's Web site at
http://www.ey.com/ca/essaralgomaand on the Prime Clerk Web site at
http://cases.primeclerk.com/EssarSteel

                       About Essar Steel

Headquartered in Sault Ste. Marie, Ontario, Canada, Essar Steel
Algoma Inc. is an integrated steel producer.  Essar Steel operates
one of Canada's largest integrated steel manufacturing facilities.

Approximately 80% to 85% of ESA's sales are sheet products with
plate products accounting for the balance.  For the 12 months
ending Dec. 31, 2013, ESA generated revenues of C$1.8 billion.

Robert J. Sandoval filed a petition under Chapter 15 of the U.S.
Bankruptcy Code for Essar Steel Algoma Inc., and its debtor
affiliates on July 16, 2014, following the companies' initiation of
a reorganization under Canada's Companies' Creditors Arrangement
Act.  The lead case is Essar Steel Algoma Inc., Case No. 14-11730
(D. Del.).  

The Chapter 15 case is assigned to Judge Brendan Linehan Shannon.

Essar Steel's counsel in the Chapter 15 case is Daniel J.
DeFranceschi, Esq., and Amanda R. Steele, Esq., at Richards, Layton
& Finger, P.A., in Wilmington, Delaware.


EXCEL STAFFING: Hires ReavesColey as Special Counsel
----------------------------------------------------
Excel Staffing Services,Inc., seeks authority from the U.S.
Bankruptcy Court for the Eastern District of Virginia to employ
ReavesColey, PLLC as special counsel to the Debtor.

Excel Staffing requires ReavesColey to:

   (a) represent the Debtor in the case of EXCEL Management
       Services, Inc. v, AMR, US, Inc. EXCEL's Claims against AMR
       were referred to arbitration by Order of the Circuit Court
       for the City of Petersburg, Case No. CL-16000259-00 (the
       "Arbitration");

   (b) negotiate potential settlement and resolution of the
       Arbitration; and

   (c) perform all other necessary or appropriate legal services
       in connection with the Arbitration and future litigation
       for or on behalf of the Debtor.

ReavesColey will be paid at these hourly rates:

     Beth McMahon                   $345
     Legal Assistants               $165

Prior to filing the petition, ReavesColey had billed the Debtor for
legal services rendered, and the balance on the Debtor's account
was $2,543.90.

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

Beth McMahon, member of ReavesColey, PLLC, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

ReavesColey can be reached at:

     Beth McMahon, Esq.
     REAVESCOLEY, PLLC
     505 Independence Parkway, Suite 240
     Chesapeake, VA 23320
     Tel: (757) 410-8066
     Fax: (757) 410-8258

         About Excel Staffing Services, Inc.

Excel Staffing Services, Inc. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. E.D. Va. Case No. 16-35795) on November
28, 2016. The petition was signed by Billie Brown, president.

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

The Debtor hires Tavenner & Beran PLC as counsel, ReavesColey, PLLC
as special counsel.



EXCEL STAFFING: Hires Tavenner & Beran as Counsel
-------------------------------------------------
Excel Staffing Services, Inc., seeks authority from the U.S.
Bankruptcy Court for the Eastern District of Virginia to employ
Tavenner & Beran PLC as counsel to the Debtor.

Excel Staffing requires Tavenner & Beran to:

   (a) advise the Debtor of its rights, powers and duties as
       Debtor and Debtor-in-Possession continuing to operate and
       manage its affairs under chapter 11 of the Bankruptcy
       Code;

   (b) upon receipt of necessary information from the Debtor,
       prepare on behalf of the Debtor all necessary and
       appropriate applications, motions, draft orders, other
       pleadings, notices, schedules and other documents, and
       review all financial and other reports to be filed in the
       chapter 11 case;

   (c) advise the Debtor concerning, and prepare responses to,
       applications, motions, other pleadings, notices and other
       papers that may be filed and served in the chapter 11
       case;

   (d) advise the Debtor with respect to, and assist in the
       negotiation and documentation of, financing agreements,
       debt and cash collateral orders and related transactions;

   (e) review the nature and validity of any liens asserted
       against the Debtor's property and advise the Debtor
       concerning the enforceability of such liens;

   (f) advise the Debtor regarding its ability to initiate
       actions to collect and recover property for the benefit of
       its estate;

   (g) counsel the Debtor in connection with the formulation,
       negotiation and promulgation of a plan of reorganization
       and related documents;

   (h) advise and assist the Debtor in connection with any
       potential property dispositions;

   (i) advise the Debtor concerning executory contract and
       unexpired lease assumptions, assignments and rejections
       and lease restructurings and recharacterizations;

   (j) assist the Debtor in reviewing, estimating and resolving
       claims asserted against the Debtor's estate;

   (k) commence and conduct any and all litigation necessary or
       appropriate to assert rights held by the Debtor, protect
       assets of the Debtor's chapter 11 estate or otherwise
       further the goal of completing the Debtor's successful
       reorganization;

   (l) provide general litigation and other nonbankruptcy
       services for the Debtor as requested by the Debtor; and

   (m) perform all other necessary or appropriate legal services
       in connection with the chapter 11 case for or on behalf
       of the Debtor.

Tavenner & Beran will be paid at these hourly rates:

     Lynn L. Tavenner, Partner         $415
     Paula S. Beran, Partner           $405

Prior to the petition date, the Debtor paid Tavenner & Beran the
amount of $1,717, which was paid for filing fees.

Tavenner & Beran will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Paula S. Beran, member of Tavenner & Beran PLC, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

Tavenner & Beran can be reached at:

     Paula S. Beran, Esq.
     TAVENNER & BERAN PLC
     20 North Eighth Street, Second Floor
     Richmond, VA 23219
     Tel: (804) 783-8300
     Fax: (804) 783-0178

         About Excel Staffing Services, Inc.

Excel Staffing Services, Inc. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. E.D. Va. Case No. 16-35795) on November
28, 2016. The petition was signed by Billie Brown, president.

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

The Debtor hires Tavenner & Beran PLC as counsel, ReavesColey, PLLC
as special counsel.



EXCO RESOURCES: Tyler Farquharson Named VP and Permanent CFO
------------------------------------------------------------
The Board of Directors of EXCO Resources, Inc. appointed Tyler
Farquharson, the Company's current vice president of strategic
planning, acting chief financial officer and treasurer, as the
Company's vice president, chief financial officer and treasurer
effective Feb. 1, 2017.  In addition, the Board designated Mr.
Farquharson as an "executive officer" for Securities and Exchange
Commission reporting purposes.  Mr. Farquharson will continue to
serve as the Company's principal financial officer and is expected
to be identified as a "named executive officer" for the Company's
2017 fiscal year.

Mr. Farquharson, age 34, became the Company's acting chief
financial officer and treasurer in October 2016 and the Company’s
Vice President of Strategic Planning in August 2016.  Prior to
this, Mr. Farquharson served in various roles and most recently as
the Company's Strategic Analysis and Financial Planning Director.
Mr. Farquharson joined the Company in August 2005 as a Financial
Analyst.  He received his Bachelor's degree in Finance from the
University of Kansas in 2005.

Effective Feb. 1, 2017, the Board also appointed Heather Lamparter,
the Company's current assistant general counsel, acting general
counsel and secretary, as the Company's vice president, general
counsel and secretary.  The Board did not designate Ms. Lamparter
as an "executive officer" for SEC reporting purposes and Ms.
Lamparter is not expected to be identified as a "named executive
officer" for the Company's 2017 fiscal year.

Ms. Lamparter, age 44, became the Company's assistant general
counsel, acting general counsel and secretary in December 2016.
Prior to this, Ms. Lamparter served in various roles and most
recently as the Company's assistant general counsel.  Ms. Lamparter
joined the Company in 2010 and prior to her service with the
Company, Ms. Lamparter was an associate at K&L Gates LLP.  Ms.
Lamparter received her law degree from Duquesne University School
of Law in 2005.

There are no arrangements or understandings between Mr. Farquharson
or Ms. Lamparter and any other persons pursuant to which Mr.
Farquharson or Ms. Lamparter, as applicable, was selected to serve
as an officer of the Company.  In addition, there are no
transactions between the Company and Mr. Farquharson, Ms. Lamparter
or their respective immediate family members requiring disclosure
under Item 404(a) of Regulation S-K promulgated under the
Securities Exchange Act of 1934, as amended.

                      About EXCO Resources

EXCO Resources, Inc. is an oil and natural gas exploration,
exploitation, development and production company headquartered in
Dallas, Texas with principal operations in Texas, North Louisiana
and the Appalachia region.

Additional information about EXCO Resources, Inc. may be obtained
by contacting Tyler Farquharson, EXCO's Vice President of Strategic
Planning, acting Chief Financial Officer and Treasurer, at EXCO's
headquarters, 12377 Merit Drive, Suite 1700, Dallas, TX 75251,
telephone number (214) 368-2084, or by visiting EXCO's Web site at
http://www.excoresources.com/       

As of Sept. 30, 2016, the Company had $685.99 million in total
assets, $1.52 billion in total liabilities and a total
shareholders' deficit of $837.59 million.

EXCO Resources reported a net loss of $1.19 billion for the year
ended Dec. 31, 2015, following net income of $120.7 million for the
year ended Dec. 31, 2014.

"We have recently experienced losses as a result of the recent
decline in oil and natural gas prices, and, as of December 31,
2015, we had negative shareholders' equity of $662.3 million, which
means that our total liabilities exceeded our total assets. We may
not be able to return to profitability in the near future, or at
all, and the continuing existence of negative shareholders' equity
may limit our ability to obtain future debt or equity financing or
to pay future dividends or other distributions.  If we are unable
to obtain financing in the future, it could have a negative effect
on our operations and our liquidity," the Company stated in its
annual report for the year ended Dec. 31, 2015.

                           *    *    *

As reported by the TCR on Oct. 19, 2016, S&P Global Ratings raised
its corporate credit rating on EXCO Resources Inc. to 'CCC+' from
'SD' (selective default).  The outlook is negative.  "The rating
action follows our review of EXCO's capital structure and liquidity
position following recent debt repurchases, and our expectations
for future restructuring actions," said S&P Global credit analyst
Christine Besset.

The TCR reported in December 2016 that Moody's Investors Service
downgraded EXCO Resources' (XCO) Corporate Family Rating to 'Ca'
from 'Caa2'.  "XCO's downgrade reflects its eroded liquidity
position which is insufficient to fully fund development
expenditures at the level required to stem ongoing production
declines," commented Andrew Brooks, Moody's vice president.
"Absent an injection of additional liquidity, the source of which
is not readily identifiable, EXCO could face going concern risk as
it confronts an unsustainable capital structure."


EZE CASTLE: Moody's Affirms B2 Corporate Family Rating
------------------------------------------------------
Moody's Investors Service affirmed Eze Castle Software, Inc.'s
Corporate Family rating ("CFR") at B2, the Probability of Default
rating at B2-PD, the first lien credit facilities at B1 and the
second lien credit facilities at Caa1. The rating outlook remains
stable.

The affirmation rating actions follow the company's announcement
that it intends to use the net proceeds from an expanded $568
million first lien term loan and balance sheet cash to repay the
existing first lien term loans, fund a $100 million distribution to
its shareholders, affiliates of private equity firm TPG Capital,
and pay transaction-related fees and expenses. Upon the closing of
the proposed term loan expansion, Moody's will withdraw the ratings
on the existing first lien term loans.

Issuer: Eze Castle Software, Inc.

Affirmations:

-- Corporate Family Rating, Affirmed B2

-- Probability of Default, Affirmed B2-PD

-- Senior Secured First Lien Revolving Credit facility due 2019,
Affirmed B1 (LGD3)

-- Senior Secured First Lien Term Loans due 2020, Affirmed B1
(LGD3)

-- Senior Secured Second Lien Term Loan due 2021, Affirmed Caa1
(LGD6)

Assignment:

-- Senior Secured First Lien Term Loan due 2020, Assigned at B1
(LGD3)

Outlook:

Outlook, Remains Stable

RATINGS RATIONALE

The affirmation of the B2 CFR reflects Eze Software's small revenue
scale, narrow product and customer focus and Moody's expectations
for debt to EBITDA to remain around 7 times. Moody's anticipates
ongoing, predictable 3% to 5% annual growth in revenues, stable
EBITDA margins around 35%, free cash flow to debt above 5%, solid
2.5 times interest coverage and good liquidity, providing rating
support.

Eze Software's Order Management (OMS) and Execution Management
(EMS) products have a history of high customer subscription
renewal, providing support to the revenue outlook. Revenues come
from subscription and transaction fees, driven by the number of
traders and trades, so revenue is visible and largely recurring,
although sensitive to changes in hedge fund industry trading
activity. That said, Moody's notes Eze Software maintained revenue
growth in 2016 despite it being a challenging year for many of its
hedge fund customers. Most of Eze Software's OMS revenue is earned
indirectly from hedge funds through their brokers who pay Eze
Software on a per-transaction basis. There is some revenue
concentration, with the top 10 customers representing about 9% of
revenues and the top 50 over 25%.

Good liquidity is provided by Moody's expectations for at least $40
million of free cash flow, over $25 million of cash as of and pro
forma for the announced dividend and a large, unused and fully
available $75 million revolver.

Moody's anticipates aggressive financial policies and limited
financial flexibility after the incurrence of debt to fund
distributions of $280 million to shareholders in 2016 and 2017,
including from the proposed financing. Debt reduction in excess of
required amounts is unlikely; additional debt-funded distributions
and acquisitions are also possible.

All financial metrics cited reflect Moody's standard adjustments.

The stable ratings outlook reflects Moody's expectations for 3% to
5% revenue growth, steady profit margins, solid free cash flow and
debt to EBITDA around 7 times. Given the recent cash distribution
history, Moody's considers a ratings upgrade unlikely in the near
term. However, the ratings could be upgraded if Moody's expects all
of the following: 1) ongoing high single digit revenue growth; 2)
debt to EBITDA will be sustained below 5 times; 3) EBITA margins
around 30%; and 4) maintenance of balanced financial policies. The
ratings could be downgraded if Moody's anticipates: 1) revenue
declines; 2) customer attrition increases; 3) the company cannot
remain on a path toward achieving debt to EBITDA below 6.5 times;
4) free cash flow to debt around 2% or lower; or 5) diminished
liquidity.

The principal methodology used in these ratings was "Software
Industry" published in December 2015.

Eze Software provides order management systems, execution
management systems, portfolio management and accounting software
and services to hedge funds, other institutional investors and
brokerage firms in the U.S., Europe and Asia. Moody's expects Eze
Software to generate revenue of over $300 million in 2017.


EZE CASTLE: S&P Lowers 1st Lien Debt Rating to B on $80MM Add-On
----------------------------------------------------------------
S&P Global Ratings said it affirmed its 'B' corporate credit rating
on Boston-based Eze Castle Software Inc.  The outlook is stable.

Eze Castle plans to amend its first- and second-lien credit
agreement to allow for an $85 million add-on to its first-lien term
loan.  It will use proceeds of the debt issuance with cash on hand
to fund a $100 million dividend to TPG Capital.

At the same time, S&P lowered its rating on the company's
first-lien credit facility to 'B' from 'B+' and revised the
recovery rating to '3' from '2'.  The '3' recovery rating indicates
S&P's expectation of meaningful (50%--70%; upper half of the range)
recovery in the event of a default.

In addition, S&P assigned its 'B' issue rating and '3' recovery
rating (upper half of the 50%-70% range) to the company's
$568.1 million first-lien term loan due 2020, and S&P's 'CCC+'
issue rating and '6' recovery rating to the $125 million
second-lien term loan due 2021.

S&P also affirmed the 'CCC+' issue-level, with a '6' recovery
rating, on the second-lien term loan.  The '6' recovery rating
indicates S&P's expectation of negligible (0% to 10%) recovery in
the event of a default.

"The rating action reflects the company's high proportion of
first-lien debt, with the addition of approximately $245 million of
first-lien debt to its capital structure since the leveraged buyout
in 2013," said S&P Global Ratings credit analyst Andrew Yee.

Nevertheless, the company has performed well, generating 7.5% total
revenue growth (6% organic) for the 12 months ended September 31,
2016, driven by increased upselling and new customers, ultimately
leading to higher subscription revenues that are recurring.  Pro
forma for the incremental debt, S&P's adjusted leverage as of Sept.
30, 2016 increases to about 7x from 6.25x.

The stable outlook on Eze reflects the company's stable FOCF
generation resulting from its recurring and predictable revenue
base, and S&P's expectation that it will maintain its competitive
position in key markets.



FAMILY CHILD: Case Summary & 9 Unsecured Creditors
--------------------------------------------------
Debtor: Family Child Care, LLC
        124 Plaza Blvd.
        Madison, AL 35758

Case No.: 17-80334

Chapter 11 Petition Date: February 3, 2017

Court: United States Bankruptcy Court
       Northern District of Alabama (Decatur)

Judge: Hon. Clifton R. Jessup Jr.

Debtor's Counsel: Stuart M Maples, Esq.
                  MAPLES LAW FIRM, PC
                  200 Clinton Avenue W., Suite 1000
                  Huntsville, AL 35801
                  Tel: 256 489-9779
                  Fax: 256-489-9720
                  E-mail: smaples@mapleslawfirmpc.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Troy Ponder, owner.

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

       http://bankrupt.com/misc/alnb17-80334.pdf


FLAGLER INSTITUTE: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Flagler Institute for Rehabilitation, Inc.
        311 Golf Road, Suite 1000
        West Palm Beach, FL 33407

Case No.: 17-11433

Chapter 11 Petition Date: February 3, 2017

Court: United States Bankruptcy Court
       Southern District of Florida (West Palm Beach)

Judge: Hon. Erik P. Kimball

Debtor's Counsel: Brett A Elam, Esq.
                  THE LAW OFFICES OF BRETT A. ELAM, P.A.
                  105 S. Narcissus Avenue, Suite 802
                  West Palm Beach, FL 33401
                  Tel: 561.833.1113
                  Fax: 561-833-1115
                  E-mail: belam@brettelamlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Kevin Kunkel, president.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/flsb17-11433.pdf


FOG CAP RETAIL: Taps Fellers Snider as Legal Counsel
----------------------------------------------------
Fog Cap Retail Investors LLC seeks permission from the U.S.
Bankruptcy Court for the District of Colorado to employ Fellers,
Snider, Blankenship, Bailey & Tippens, P.C. to represent Fog Cap
and provide legal counsel to Fog Cap for all purposes in connection
with certain pending litigation before the United States District
Court for the Western District of Oklahoma, Case No.
CIV-12-0772-HE.

The Oklahoma Litigation is currently stayed as to Fog Cap, but by
stipulation of the parties, the stay will be lifted effective April
1, 2017 to allow the Oklahoma Litigation to proceed for all
purposes.

Stephen J. Moriarty, shareholder of Fellers Snider, attests that
his firm is a "disinterested person," as defined under Bankruptcy
Code Section 101(14), as modified by 11 U.S.C. Section 1107(b).
Fellers Snider is not a creditor of the Debtors, and Fellers Snider
does not have any pre-petition or post-petition claims against the
Debtors.

The representatives of Fellers Snider who will work on this matter
include primarily Bryan King and Brent Johnson, whose billing rates
are $310 per hour and $275 per hour, respectively. Other attorneys
of Fellers Snider bill at a rate range of $160 to $450 per hour;
and legal assistants at Fellers Snider bill at $145 per hour.

The Firm can be reached through:

     Stephen J. Moriarty, Esq.
     FELLERS SNIDER BLANKENSHIP BAILEY & TIPPENS PC
     100 North Broadway, Suite 1700
     Oklahoma City, OK 73102-9211
     Tel: 405-232-0621
     Email: smoriarty@fellerssnider.com

                             About SBN Fog Cap &
                           Fog Cap Retail Investors

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.


FOUR DIA: Taps D. Craig Barnes as Expert Witness
------------------------------------------------
Four Dia, LLC seeks permission from the U.S. Bankruptcy Court for
the Northern District of Texas, Dallas Division, to employ D. Craig
Barnes as Expert Witness.

A critical component of the Debtor's reorganization plan will be a
"cramdown" of a CapitalSpring SBLC, LLC's claim of approximately
$5,000,000 to the value of the underlying collateral. The Debtor
obtained an appraisal of the hotel and improvements from MC
Appraisals, which concluded that its value as of the Petition Date
was $2,760,000.00.

Because the plan provides for installment payments over a period of
years rather than a single payment, an appropriate interest rate
must be determined pursuant to 11 U.S.C. Section 1129(b).

In determining an appropriate cramdown interest rate for
CapitalSpring's claim, Barnes may analyze several factors,
including: the national prime rate as well as other relevant market
rates, industry-specific risk involved in hotel-based lending, the
quality of the Debtor's management, the commitment of the Debtor's
owners, the health and future prospects of the Debtor's business,
the quality of CapitalSpring's collateral, and the feasibility and
duration of the plan. Barnes is expected to provide expert
testimony at the confirmation hearing and may also produce an
expert report.

Barnes intends to charge the Debtor an hourly rate of $200 per hour
for his study and testimony in this case.

D. Craig Barnes believes that she is a "disinterested person" under
the meanings of Section 101(14) and Section 327 of the United
States Bankruptcy Code.

Mr. Barnes can be reached through:

     D. Craig Barnes
     EVP and Chief Credit Officer
     T BANK NA
     16200 Dallas Pkwy #190
     Dallas, TX 75248
     Phone: 972-720-9000

                            About Four Dia, LLC

Four Dia, LLC, filed a chapter 11 petition (Bankr. N.D. Tex. Case
No. 16-33459-11) on Sept. 2, 2016.  The petition was signed by
Sagar Ghandi, vice president.  The Debtor is represented by Russell
W. Mills, Esq., at Hiersche, Hayward, Drakeley & Urbach, P.C.  The
case is assigned to Judge Harlin DeWayne Hale.  The Debtor
estimated assets and liabilities at $1 million to $10 million at
the time of the filing.

Four Dia, a Texas limited liability company, operates a 62-room
hotel located at 5750 Sherwood Way in San Angelo, Texas, which is
operated under a Wyndham Hotel Group franchise.  Four Dia employs
approximately 16 persons on a full or part-time basis.


FUSSION RESTAURANT: Hires Bigas Law as Bankruptcy Counsel
---------------------------------------------------------
Fussion Restaurant Group, Inc., seeks authority from the U.S.
Bankruptcy Court for the District of Perto Rico to employ Juan C.
Bigas Law Office as counsel to the Debtor.

Fussion Restaurant requires Bigas to represent the Debtor in the
Chapter 11 Bankruptcy case.

Bigas will be paid at the hourly rate of $250.  Bigas will be paid
a retainer in the amount of $6,000.

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

Juan C. Bigas Valedon, member of Juan C. Bigas Law Office, assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Bigas can be reached at:

     Juan C. Bigas Valedon, Esq.
     JUAN C. BIGAS LAW OFFICE
     P.O. Box 7011
     Ponce, PR 00732-7011
     Tel: (787) 259-1000
     Fax: (787) 842-4090

              About Fussion Restaurant Group, Inc.

Fussion Restaurant Group Inc., filed a Chapter 11 bankruptcy
petition (Bankr. D.P.R. Case No. 16-09756) on December 16, 2016,
disclosing under $1 million in both assets and liabilities. The
Debtor is represented by Juan C. Bigas Valedon, Esq., at Juan C.
Bigas Law Office.


GASTAR EXPLORATION: Adopts Tax Benefit Plan to Preserve NOLs
------------------------------------------------------------
Gastar Exploration Inc. announced that its Board of Directors has
adopted a Net Operating Loss Shareholder Rights Agreement designed
to preserve its substantial tax assets.  As of Dec. 31, 2015,
Gastar had cumulative net operating loss carry-forwards of
approximately $512.0 million, which can be utilized in certain
circumstances to offset future U.S. taxable income.  The Company
further expects its cumulative net operating loss carry-forwards to
increase as of Dec. 31, 2016.

As of Jan. 18, 2017, Gastar's previously adopted rights plan
expired pursuant to the terms of the rights plan.  After
considering, among other matters, the estimated value of the
Company's tax benefits, the potential for diminution upon an
ownership change, and the risk of an ownership change occurring,
including the recently disclosed accumulations of Gastar stock, the
Board adopted the Rights Plan, which is intended to protect
Gastar's tax benefits and to allow all of Gastar's stockholders to
realize the long-term value of their investment in Gastar.
Gastar's ability to use these tax benefits would be substantially
limited if it were to experience an "ownership change" as defined
under Section 382 of the Internal Revenue Code.  An ownership
change would occur if stockholders that own (or are deemed to own)
at least five percent or more of Gastar's outstanding common stock
increased their cumulative ownership in the Company by more than 50
percentage points over their lowest ownership percentage within a
rolling three-year period.  The Rights Plan reduces the likelihood
that changes in Gastar's investor base would limit Gastar's future
use of its tax benefits, which would significantly impair the value
of the benefits to all stockholders.  The Company believes that no
ownership change as defined in Section 382 has occurred as of the
date of this press release.

To implement the Rights Plan, the Gastar Board of Directors
declared a non-taxable dividend of one preferred share purchase
right for each outstanding share of its common stock.  The rights
will be exercisable if a person or group acquires 4.95% or more of
Gastar common stock.  The rights will also be exercisable if a
person or group that already owns 4.95% or more of Gastar common
stock acquires additional shares (other than as a result of a
dividend or a stock split).  Gastar's existing stockholders that
beneficially own in excess of 4.95% of the common stock will be
"grandfathered in" at their current ownership level.  If the rights
become exercisable, all holders of rights, other than the person or
group triggering the rights, will be entitled to purchase Gastar
common stock at a 50% discount.  Rights held by the person or group
triggering the rights will become void and will not be
exercisable.

The rights are not taxable to Gastar stockholders.  The rights will
trade with Gastar's common stock and will expire on the first day
after the Company's 2017 annual meeting of stockholders, unless the
Gastar stockholders ratify the Rights Plan at such meeting, in
which case the term of the Rights Plan is extended to three years.
The Gastar Board may terminate the Rights Plan or redeem the rights
prior to the time the rights are triggered.

Additional information with respect to the Rights Plan is available
with the Securities and Exchange Commission at:

                     https://is.gd/K9zp7w

                   About Gastar Exploration

Houston, Texas-based Gastar Exploration Inc. --
http://www.gastar.com/-- is an independent energy company engaged
in the exploration, development and production of oil, condensate,
natural gas and natural gas liquids in the United States.  Gastar's
principal business activities include the identification,
acquisition, and subsequent exploration and development of oil and
natural gas properties with an emphasis on unconventional reserves,
such as shale resource plays.  

Gastar Exploration reported a net loss attributable to common
stockholders of $473.98 million for the year ended Dec. 31, 2015,
compared to net income attributable to common stockholders of
$36.52 million for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Gastar Exploration had $300.0 million in
total assets, $461.0 million in total liabilities and a total
stockholders' deficit of $161.1 million.

                          *      *      *

As reported by the TCR on March 15, 2016, Standard & Poor's Ratings
Services lowered its corporate credit rating on Gastar Exploration
to 'CCC-' from 'CCC+'.  The downgrade follows Gastar's announcement
that it had just $29 million of cash on hand and a fully drawn
revolver.  The company's borrowing base current stands at $180
million, but will be reduced to $100 million at the earlier of the
close of the Appalachian asset sale or April 10, 2016.  Proceeds
from the Appalachian asset sale are expected to be $80 million.

In June 2016, Moody's Investors Service downgraded the Corporate
Family Rating of Gastar to 'Caa3' from 'Caa1'.  The rating outlook
was changed to 'negative' from 'stable'.  The downgrade of Gastar's
CFR to Caa3 reflects the company's weakened liquidity and reduced
size following the sale of its Appalachian assets in April 2016.


GATEWAY CASINOS: S&P Cuts CCR to 'B' on Debt-Financed Acquisition
-----------------------------------------------------------------
S&P Global Ratings said it lowered its long-term corporate credit
rating on Burnaby, B.C.-based casino operator Gateway Casinos &
Entertainment Limited to 'B' from 'B+'.  The outlook is stable.

At the same time, S&P Global Ratings assigned its 'BB-' issue-level
rating and '1' recovery rating to Gateway's proposed
US$440 million senior secured term loan B, indicating an
expectation of very high (90%-100%) recovery in the event of
default.  In addition, S&P Global Ratings assigned its 'CCC+'
issue-level rating and '6' recovery rating to the company's
proposed US$255 million second-lien senior secured notes,
indicating an expectation of negligible 0%-10%, recovery in
default.  S&P expects to withdraw the ratings on the existing
first-lien and second-lien debts post the closing of the
transaction.

"The downgrade reflects our view that the company's debt-funded
acquisition of the two Ontario gaming bundles and cash dividend
payout to the shareholders will lead to adjusted debt to EBITDA of
about 7.0x through 2017 along with adjusted EBITDA interest
coverage of about 2.5x," said S&P Global Ratings credit analyst
Aniki Saha-Yannopoulos.

The company will use the proceeds from the proposed debt to finance
the acquisition of the Ontario gaming bundles, provide the C$100
million dividend payout to shareholders, and refinance Gateway's
current debt.  S&P believes the company would incur a projected
development capital expenditure (capex) of about
C$320 million, which will be used to renovate, expand, and build
new facilities within the designated gaming zones of the bundles.
The acquired Ontario bundles will enhance the company's geographic
and EBITDA diversity; the bundles are expected to generate about
25% of the company's pro forma EBITDA, thus reducing Gateway's
reliance on B.C.  This benefit, however, is offset by the quality
of assets acquired with these locations, which have limited
amenities to drive ancillary spend or increase the length of stay.
The properties are in locations that do not have a high propensity
to game and lack global brand recognition, which results in lower
visitation rates compared with the gaming properties in such places
as Las Vegas and Macau.  Even though S&P expects the Ontario
bundles to offset the slower EBITDA growth from the company's B.C.
and Edmonton casinos, S&P believes the debt-financed acquisitions
will weaken credit metrics in 2017 and 2018. S&P is also
reassessing the liquidity on Gateway to adequate from less than
adequate as the proposed debt issuance would have sufficient
covenant headroom.  

The 'B' long-term corporate credit rating on the company reflects
S&P's assessment of Gateway's business risk profile as satisfactory
and financial risk profile as highly leveraged, as well as the use
of a negative comparable rating analysis (CRA) modifier.  The
negative CRA modifier reflects S&P's expectation that the company's
management will maintain adjusted debt to EBITDA at about7.0x over
the next 12 months with EBITDA interest coverage of about 2.5x,
which is in line with that of other 'B' rated companies.

S&P's assessment of Gateway's financial risk profile as highly
leveraged reflects the company's weakened credit metrics due to the
debt-financed acquisition of the two Ontario bundles and cash
dividend payout to the shareholders.  The acquisition of the
bundles also includes the projected development expenditure that
the company will fund through its internal cash flows.  Even though
this expenditure will improve the company's cash flow, S&P do not
foresee the benefit within our outlook horizon.

S&P bases its view of Gateway's business risk profile as
satisfactory on the company's strong share of the concentrated
gaming market in B.C., which benefits from attractive growth
prospects and a supportive regulatory regime.  With the addition of
the Ontario gaming bundles, S&P expects the company's reliance on a
few key assets in B.C. will be reduced thus leading to better
EBITDA and jurisdiction diversity.  These benefits are offset by
the quality of the assets' location, which is not known for a high
propensity to game or higher visitation rates.  With the addition
of the Ontario bundles, Gateway will be a diversified Canadian
casino operator with 29 gaming properties across B.C., Alberta, and
Ontario, which account for 80% of the Canadian casino gaming
market.

S&P's stable outlook on Gateway reflects S&P's view that even
though the company's pro forma adjusted debt-to-EBITDA will remain
elevated at 7.0x in the next 12 months, S&P do not expect any
deterioration in EBITDA generation or liquidity.  Although credit
metrics have weakened because of the debt-funded acquisition of
these bundles and cash distribution to shareholders, S&P expects
operating cash flow to increase because of the bundles acquisition
and sustain Gateway's pro forma credit measures.

S&P could lower the rating if a more competitive landscape
increased marketing spend, regulatory changes, and slower ramp-up
of the Ontario gaming bundles leads to adjusted EBITDA interest
coverage approaching 1.5x over the next 12 months without any
prospects for improvement, along with covenant cushion weakness.

S&P could raise the rating if Gateway maintains adjusted debt to
EBITDA below 6.5x on a sustained basis.  S&P would expect a
scenario whereby the company maintains its margins and cash flow
through 2018 while investing in the acquired gaming bundles and
managing increased competition in a mature market.



GATEWAY ENTERTAINMENT: Hires Lampl Law as Claims Counsel
--------------------------------------------------------
Gateway Entertainment Studios LP, seeks authority from the U.S.
Bankruptcy Court for the Western District of Pennsylvania to employ
Robert O Lampl Law Office as special counsel to the Debtor.

Gateway Entertainment requires Lampl Law to handle claims
objections, negotiation and mediation related to any and all claims
asserted by creditors holding disputed claims in the Chapter 11
case, which include claims of:

     1. Burchick Construction Company, Inc.;

     2. South Hills Builders, LLC;

     3. Sante Berarducci, Inc.;

     4. Fagnelli Plumbing, Inc.;

     5. 31st Street Business Park, LLC;

     6. Retrotherm Insulators;

     7. Jones Da;

     8. DQU Communications, LLC;

     9. Dinsmore & Shohl;

    10. Dale Carroll Rosenbloom 2003 Irrevocable Trust;

    11. Lucia Rodriquez 2003 Irrevocable Trust.

Gateway Entertainment requires Lampl Law to commence litigation
against 31st Street Business Park, LLC and David Kowalski and to
prosecute a business interruption insurance claim.

Lampl Law will be paid a contingency fee of 40% of the savings on
all disputed claims asserted by creditors in the Chapter 11 case.
Lampl Law will also be paid an amount of 40% of the gross recovery
of all funds or property accruing to the Debtor as a result of the
potential actions to be brought against 31st Street Business Park,
LLC and David Kowalski and the prosecution of the business
interruption insurance claims.

Lampl Law will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Robert O Lampl, member of Robert O Lampl Law Office, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Lampl Law can be reached at:

     Robert O Lampl, Esq.
     ROBERT O LAMPL LAW OFFICE
     960 Penn Avenue, Suite 1200
     Pittsburgh, PA 15222
     Tel: (412) 392-0330
     Fax: (412) 392-0335
     E-mail: rlampl@lampllaw.com

                About Gateway Entertainment Studios LP

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 Debtor hires Hill Barth & King LLC as accountant.

The U.S. trustee for Region 3 on June 2, 2016, 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.


GLOBAL AMENITIES: Unsecureds to Recoup 100% Under Plan
------------------------------------------------------
Global Amenities, LLC, filed with the U.S. Bankruptcy Court for the
District of South Carolina a disclosure statement referring to the
Debtor's plan of reorganization.

Class 6 General Unsecured Creditors Claims will be unimpaired under
the Plan since the Plan of Reorganization provides for payment of
100% of the allowed claims of unsecured creditors.  This class will
be paid 100% of their allowed claims without interest after the
Effective Date.

The Debtor was forced to file for bankruptcy protections due to the
legal fees and costs associated with defending the Florida Action,
and the Debtor's plan of reorganization is to repay 100% of all its
debts with any and all applicable interest and penalties; provided
that any claim by ASI is disallowed for failure to file a timely
claim.  On September 20, 2013, ASI Holding Company, Inc., filed a
complaint in Circuit Court in Okaloosa County, Florida against Don
and Drew asserting claims of breach of Non- Disclosure Agreements
and Theft of Trade Secrets bearing case no. 2013-CA-4103.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/scb16-04635-108.pdf

                     About Global Amenities

Global Amenities, LLC, is a South Carolina limited liability
company.  The Debtor was formed on Oct. 28, 2011, with ownership
held 60% by George Andrew Manios and Chris Manios, his brother, and
40% owned by Don Abreu; provided, however, Mr. Abreu retained 50%
of the voting rights with Drew and Chris retaining the remaining
50% of the voting rights.  The Debtor was originally formed to sell
and market DVD services to the hospitality industry, but expanded
its products and services to include amenity and ticketing services
in 2012.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D.S.C. Case No. 16-04635) on Sept. 13, 2016.  The
petition was signed by Andrew Manios, managing member.

At the time of the filing, the Debtor estimated assets of less than
$50,000 and liabilities of less than $500,000.

Robert A. Pohl, Esq., at POHL, PA, serves as the Debtor's
bankruptcy counsel.

Jonathan Pollard, Esq., at Pollard PLLC is the Debtor's special
counsel to represent the Debtor in a lawsuit filed by ASI Holding
Company Inc. in the U.S. District Court for the Northern District
of Florida.  The Debtor also hired George B. Cauthen, Esq., at
Nelson Mullins Riley & Scarborough LLP as special litigation
counsel.

Louis Manios at Saad & Manios, LLC, serves as the Debtor's
accountant.

John Sfiris of Sfiris Accounting Services provides financial
services to the Debtor.


GLOYD GREEN: Authorized to Amend Motion to Sell Gun Collection
--------------------------------------------------------------
Judge Kevin R. Anderson of the U.S. Bankruptcy Court for the
District of Utah authorized Gloyd W. Green to amend the Motion for
Approval of Sale of Gun Collection and Bidding Procedures so as to
propose sale of his gun collection by public auction to be
conducted by Erkelens and Olson.

The first and the second hearing on the Motion were held on Jan.
17, 2017 and Feb. 1, 2017, respectively.

Written notice of the proposed sale, together with a copy of the
Order, will be served on creditors and other parties not later than
Feb. 3, 2017.

Objections, if any, to the proposed sale must be filed not later
than 5:00 p.m. on
Feb. 16, 2017.

A hearing on approval of the proposed sale (and to consider any
objections) will be conducted on Feb. 21, 2017 at 2:00 p.m., or as
soon thereafter as counsel may be heard.

The Objection to Motion of Gun Collection and Bidding Procedures,
which was filed by Harrington & Co., will be considered at the
hearing on Feb. 21, 2017.

Based upon the proffered testimony of Rob Olson, the Court makes a
preliminary finding of fact that the proposed sale of the gun
collection through an auction by Erkelens and Olson, if marketed
and conducted in accordance with the firm's standard practices,
will be commercially fair and reasonable and will result in receipt
by the estate of fair market value for the gun collection;
provided, however, that the preliminary finding is subject to
revision in the event there are one or more objections to the
proposed sale and evidence in support of such objections is
presented at the hearing on Feb. 21, 2017.

The Debtor's Exhibits A through G, which were admitted in evidence
at the hearing on Feb. 1, 2017, will remain admitted in evidence
for purposes of the hearing on Feb. 21, 2017 (subject to the
proviso that Exhibit C is not admitted for the purpose of
establishing the fair market value of the gun collection but only
for the purpose of showing the Debtor's good faith belief in the
value of the gun collection).

Gloyd W. Green sought Chapter 11 protection (Bankr. D. Utah Case
No. 15-25181) on June 3, 2015.


GLOYD GREEN: Erkelens & Olson to Auction Gun Collection on Feb. 25
------------------------------------------------------------------
Gloyd W. Green asks the U.S. Bankruptcy Court for the District of
Utah to authorize the sale of his gun collection through a public
auction to be conducted by Erkelens and Olson on Feb. 25, 2017 at
10:00 a.m.

The Debtor proposes to sell his gun collection at a public auction.
The Debtor has recently learned that one of the guns, described as
a "22 Semi-automatic Browning" valued at $275 is missing.  The
Debtor does not know what happened to the gun, but has referred the
loss of the gun to the Estate Representative as a Claim for
investigation in accordance with the Debtor's Amended Plan of
Reorganization dated Feb. 24, 2016.  The gun collection will be
sold through a public auction to be conducted by Erkelens and Olson
beginning at 10:00 a.m. on Feb. 25, 2017 at the auction firm's
gallery located at 430 West 300 North, Salt Lake City, Utah.  

The guns will be sold in an "as is, where is" condition, without
representation or warranty as to the condition or value of the
guns.  As provided in the Plan, the three guns identified as exempt
will not be sold at the auction and instead will be delivered to
the Debtor and retained by him, unless otherwise ordered by the
Court.

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

             http://bankrupt.com/misc/Gloyd_Green_186_Sales.pdf

The Debtor intends, if approved by the Court, to allow the holders
of the Class A-4 Secured Claim, in the amount of $6,403, to credit
bid their Claim at the auction.  The Class A-4 Claim holders are
Terry and Sherrel West.  Sherrel West is the Debtor's sister.  The
Class A-4 Claim is secured by the guns in the Gun Collection.  

The auction company will make a full report of the sale and will be
paid a commission in the amount of 15% of the gross sales proceeds.
All Net Proceeds of sale will be deposited into the Plan Payment
Account for distribution in accordance with the provisions of the
Plan.  Anyone wishing to view the guns may do so through the
auction firm's Web site, http://www.salesandauction.com/, or in
person at a preview to be held at the firm's gallery on Feb. 24,
2017, between 10:00 a.m. and 4:00 p.m.

The Debtor asks the Court to grant the relief requested, and such
other and further relief as may be appropriate.

The Debtor asks the Court to waive the 14-day stay imposed by
Bankruptcy Rule 6004(h) so that the guns can be delivered to buyers
at the auction upon their payment of the auction sales price.

Gloyd W. Green sought Chapter 11 protection (Bankr. D. Utah Case
No. 15-25181) on June 3, 2015.


GOLDEN MARINA: Seeks June 6 Exclusivity Period Extension
--------------------------------------------------------
Golden Marina Causeway, LLC asks the U.S. Bankruptcy Court for the
Northern District of Illinois to extend its exclusive period for
proposing and soliciting acceptances for a plan from February 7,
2017, to June 6, 2017.

The Debtor contends that it is in the midst of selling its major
asset.  The Debtor further contends that a hearing to consider
approval of the sale is scheduled for April 4, 2017.

The Debtor tells the Court that it has filed a plan, and intends to
file an amended plan on the date it presents its exclusivity
motion.  The Debtor further tells the Court that in order for the
sale process to run its course, the Debtor needs a four-month
extension of the exclusive period in which only the Debtor can
propose and solicit acceptances for a plan.

              About Golden Marina Causeway, LLC.

Golden Marina Causeway LLC owns two parcels of real estate, located
at 302 and 311 East Greenfield Avenue in Milwaukee, Wisconsin.  The
parcel at 311 E. Greenfield consists of 47 acres and the smaller
parcel at 302 E. Greenfield is approximately 1 acre.

Golden Marina Causeway, LLC, based in Downers Grove, Illinois,
filed a chapter 11 petition (Bankr. N.D. Ill. Case No. 16-03587) on
February 5, 2016.  The petition was signed by Lawrence D.
Fromelius, manager.  The Debtor is represented by Jeffrey K.
Paulsen, Esq., at The Law Office of William J. Factor, Ltd.  The
case is assigned to Judge Carol A. Doyle.  The Debtor estimated
assets and liabilities at $1 million to $10 million at the time of
the filing.

Lawrence D. Fromelius filed a Chapter 11 petition (Bankr. N.D. Ill.
Case No. 15-22373) on June 29, 2015.  On July 2, 2015, L. Fromelius
Investment Properties LLC filed a petition for relief under Chapter
11 of the Bankruptcy Code under Case No. 15-22943.

Mr. Fromelius is the sole member of Investment Properties.  He is
also the sale member of East Greenfield Investors LLC, which in
turn is the sole member of Golden Marina Causeway LLC.



GRACIOUS HOME: Committee Hires Seward & Kissel as Counsel
---------------------------------------------------------
The Official Committee of Unsecured Creditors of Gracious Home LLC
and its debtor-affiliates seeks authorization from the U.S.
Bankruptcy Court for the Southern District of New York to retain
Seward & Kissel LLP as counsel to the committee, nunc pro tunc to
January 6, 2017.

The Committee requires Seward & Kissel to:

   (a) advise the Committee with respect to its rights, duties and

       powers in these chapter 11 cases;

   (b) assist and advise the Committee in its consultations with
       the Debtors relative to the administration of these chapter

       11 cases;

   (c) assist the Committee in analyzing the claims of the
       Debtors' creditors and the Debtors' capital structure and
       in negotiating with holders of claims and equity interests;

   (d) assist the Committee in its investigation of the acts,
       conduct, assets, liabilities and financial condition of the

       Debtors; of the operation of the Debtors' businesses; the
       extent and validity of liens; and participating in and
       reviewing any proposed asset sales, any asset dispositions,

       financing arrangements and cash collateral stipulations or
       proceedings;

   (e) assist the Committee in its analysis of, and negotiations
       with, the Debtors or any third party concerning matters
       related to, among other things, the assumption or rejection

       of contracts, leases, asset dispositions, financing or
       other transactions and the terms of one or more plans of
       reorganization or liquidation for the Debtors and
       accompanying disclosure statements and related plan
       documents;

   (f) assist and advise the Committee as to its communications to

       the general creditor body regarding significant matters in
       these chapter 11 cases;

   (g) represent the Committee at all hearings and other
       proceedings before this Court and other courts;

   (h) review and analyze applications, orders, statements of
       operations and schedules filed with the Court and advise
       the Committee as to their propriety and, to the extent
       deemed appropriate by the Committee, support, join or
       object thereto;

   (i) assist the Committee in its review and analysis of all the
       Debtors' various commercial agreements;

   (j) prepare on behalf of the Committee any pleadings and
       applications, including without limitation, motions,
       memoranda, complaints, adversary complaints, objections or
       comments necessary in furtherance of the Committee's
       interests and objectives;

   (k) assist, advise, and represent the Committee in the
       evaluation of claims and on any litigation matters;

   (l) investigate and analyze any claims against the Debtors'
       non-debtor affiliates; and

   (m) perform such other legal services as may be required or are

       otherwise deemed to be in the interests of the Committee in

       accordance with the Committee's powers and duties as set
       forth in the Bankruptcy Code, Bankruptcy Rules or other
       applicable law.

Seward & Kissel will be paid at these hourly rates:

       John R. Ashmead             $950
       Robert J. Gayda             $725
       Michael Tenenhaus           $590
       Catherine LoTempio          $535
       Partners                    $750-$1,075
       Counsel                     $640-$825
       Associates/Sr. Attorneys    $295-$725
       Paralegals                  $140-$380

Seward & Kissel will also be reimbursed for reasonable
out-of-pocket expenses incurred.

John R. Ashmead, partner of Seward & Kissel, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

The Court will hold a hearing on the application on February 16,
2017, at 10:00 a.m.  Objections, if any, are due February 9, 2017,
at 4:00 p.m.

Seward & Kissel can be reached at:

       John R. Ashmead, Esq.
       Robert J. Gayda, Esq.
       STEWARD & KISSEL LLP
       One Battery Park Plaza
       New York, NY 10004
       Tel: (212) 574-1200

                  About Gracious Home LLC

Gracious Home LLC and its affiliates filed for bankruptcy
protection (Bankr. S.D.N.Y. Case No. 16-13500) on Dec. 14, 2016.
The Debtors estimated $10 million to $50 million in assets and
liabilities as of the bankruptcy filing.

The Debtors tapped Joseph J. DiPasquale, Esq., at Trenk,
Dipasquale, Della Ferra & Sodono, P.C., as counsel.  The Debtors
also tapped B. Riley & Co. as restructuring advisor, A&G Realty
Partners, LLC, as real estate advisor, and Prime Clerk LLC as
claims and noticing agent.

The Office of the U.S. Trustee on Jan. 6, 2017, appointed five
creditors of Gracious Home LLC to serve on an official committee of
unsecured creditors.


GRACIOUS HOME: Creditors' Panel Hires Wyse as Financial Advisor
---------------------------------------------------------------
The Official Committee of Unsecured Creditors of Gracious Home LLC
and its debtor-affiliates seek authorization from the U.S.
Bankruptcy Court for the Southern District of New York to retain
Wyse Advisors, LLC as financial advisor to the committee, nunc pro
tunc to January 6, 2017.

The Committee requires Wyse Advisors to:

   (a) analyze the current financial position of the Debtors and
       advise the Committee on the current state of these chapter
       11 cases;

   (b) analyze the Debtors' business plans, cash flow projections,

       financial reports, restructuring programs, and other
       reports or analyses prepared by the Debtors or their
       professionals in order to advise the Committee on the
       viability of the continuing operations and the
       reasonableness of projections and underlying assumptions;

   (c) analyze the financial ramifications of proposed
       transactions by the Debtors, including, but not limited to,

       cash management, assumption/rejection of contracts, asset
       sales, management compensation and/or retention and
       severance plans;

   (d) attend and advise at meetings with the Committee, its
       counsel, other financial advisors and representatives of
       the Debtors;

   (e) advise the Committee with any bankruptcy auction, bid
       procedures, and sales process;

   (f) assist and advise the Committee and its counsel in the
       development, evaluation and documentation of any plans of
       reorganization or strategic transactions, including
       developing, structuring and negotiating the terms
       and conditions of potential plans or strategic transactions

       and the consideration that is to be provided to unsecured
       creditors thereunder;

   (g) communicate with the Debtors and the Debtors' investment
       banking professionals in order to monitor and participate
       in any sale process;

   (h) assist in communications with the Debtors and other
       constituents;

   (i) evaluate potential fraudulent conveyances, preferences and
       other instances where recovery is possible outside of the
       estate;

   (j) monitor the ongoing performance of the Debtors, keeping the

       Committee informed and represent the Committee's interest
       with the intention to maximize recovery for the unsecured
       creditors;

   (k) render testimony in connection with procedures (a) through
       (j) above, as required, on behalf of the Committee; and

   (l) perform other tasks and duties related to this engagement
       as are directed by the Committee and reasonably acceptable
       to Wyse.

Subject to this Court's approval and as agreed by the Committee,
Wyse will charge for its financial services on an hourly basis in
accordance with its ordinary and customary hourly rates in effect
on the date such services are rendered. The current hourly rates
charged by Wyse are $400 per hour.

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

Michael Wyse, managing partner of Wyse Advisors, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

The Court will hold a hearing on the application on February 16,
2017, at 10:00 a.m.  Objections, if any, are due February 9, 2017,
at 4:00 p.m.

Wyse can be reached at:

       Michael Wyse
       WYSE ADVISORS, LLC
       85 Broad Street, 18th Floor
       New York, NY 10004
       Tel: (917) 553-5883
       E-mail: mwyse@wyseadvisorsllc.com

                 About Gracious Home LLC

Gracious Home LLC and its affiliates filed for bankruptcy
protection (Bankr. S.D.N.Y. Case No. 16-13500) on Dec. 14, 2016.
The Debtors estimated $10 million to $50 million in assets and
liabilities as of the bankruptcy filing.

The Debtors tapped Joseph J. DiPasquale, Esq., at Trenk,
Dipasquale, Della Ferra & Sodono, P.C., as counsel.  The Debtors
also tapped B. Riley & Co. as restructuring advisor, A&G Realty
Partners, LLC, as real estate advisor, and Prime Clerk LLC as
claims and noticing agent.

The Office of the U.S. Trustee on Jan. 6, 2017, appointed five
creditors of Gracious Home LLC to serve on an official committee of
unsecured creditors.



GRANNY SCOTT: Case Summary & 5 Unsecured Creditors
--------------------------------------------------
Debtor: Granny Scott, LLC
        PO Box 7742
        Wilson, NC 27895

Case No.: 17-00567

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: February 3, 2017

Court: United States Bankruptcy Court
       Eastern District of North Carolina
       (Fayetteville Division)

Judge: Hon. Stephani W. Humrickhouse

Debtor's Counsel: Clayton W. Cheek, Esq.
                  THE LAW OFFICES OF OLIVER & CHEEK, PLLC
                  PO Box 1548
                  218-C South Front Street
                  New Bern, NC 28563
                  Tel: 252 633-1930
                  Fax: 252 633-1950
                  Email: clayton@olivercheek.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Robert Scott, member manager.

A list of the Debtor's five largest unsecured creditors is
available for free at http://bankrupt.com/misc/nceb17-00567.pdf


GREAT BASIN: Amends SPA to Change Notes Restriction Percentage
--------------------------------------------------------------
As previously disclosed on the Current Report on Form 8-K filed
with the Securities and Exchange Commission, on June 29, 2016,
Great Basin Scientific, Inc. entered into a Securities Purchase
Agreement in relation to the Company's issuance and sale to certain
buyers of $75 million aggregate principal amount of senior secured
convertible notes and related Series H common stock purchase
warrants.

On Jan. 31, 2017, the Company and certain 2016 Note Buyers holding
enough of the 2016 Notes to constitute the required holders under
Section 19 of the 2016 Notes entered into separate agreements.

The Amendment Agreements amends the terms of the 2016 Notes to
change the restriction percentage for each holder from Jan. 31,
2017, through Feb. 2, 2017, to the greater of 10 million shares or
each such holder's pro rata percentage of 45% of the trading volume
of the Company's common stock, unless its common stock is then
trading above $0.50 (as adjusted for stock splits, stock dividends,
recapitalizations and similar events).  On Feb. 3, 2017, the
restriction percentage reverts back to each holder's pro rata
percentage of 45% of the trading volume of the Company's common
stock, unless its common stock is then trading above $0.50 (as
adjusted for stock splits, stock dividends, recapitalizations and
similar events).

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

                    https://is.gd/Y4VC3o

                      About Great Basin

Great Basin Scientific is a molecular diagnostic testing company
focused on the development and commercialization of its patented,
molecular diagnostic platform designed to test for infectious
disease, especially hospital-acquired infections.  The Company
believes that small to medium sized hospital laboratories, those
under 400 beds, are in need of simpler and more affordable
molecular diagnostic testing methods.  The Company markets a system
that combines both affordability and ease-of-use, when compared to
other commercially available molecular testing methods, which the
Company believes will accelerate the adoption of molecular testing
in small to medium sized hospitals.  The Company's system includes
an analyzer, which it provides for its customers' use without
charge in the United States, and a diagnostic cartridge, which the
Company sells to its customers.

Great Basin reported a net loss of $57.9 million in 2015 following
a net loss of $21.7 million in 2014.

As of Sept. 30, 2016, Great Basin had $83.40 million in total
assets, $144.9 million in total liabilities, and a total
stockholders' deficit of $61.47 million.

Mantyla McReynolds, LLC, in Salt Lake City, Utah, issued a "going
concern" opinion in its report on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company has incurred substantial losses from operations causing
negative working capital and negative operating cash flows.  These
issues raise substantial doubt about its ability to continue as a
going concern, the auditors said.


GREAT BASIN: Note Buyers OK Release of $500K Restricted Fund
------------------------------------------------------------
As previously disclosed in the Current Report on Form 8-K filed
with the U.S. Securities and Exchange Commission on June 29, 2016,
Great Basin Scientific, Inc., entered into a Securities Purchase
Agreement in relation to the issuance and sale by the Company to
certain buyers as set forth in the Schedule of Buyers attached to
the 2016 SPA of $75 million aggregate principal amount of senior
secured convertible notes and related Series H common stock
purchase warrants.

On Feb. 2, 2017, the 2016 Note Buyers voluntarily agreed to remove
restrictions on the Company's use of an aggregate of approximately
$0.5 million in cash previously funded to the Company and
authorized the release of those funds from the restricted accounts
of the Company for each 2016 Note Buyer in accordance with that
certain Master Control Account Agreement previously entered into by
and among the Company, UBS Financial Services Inc. and the
collateral agent.

                      About Great Basin

Great Basin Scientific is a molecular diagnostic testing company
focused on the development and commercialization of its patented,
molecular diagnostic platform designed to test for infectious
disease, especially hospital-acquired infections.  The Company
believes that small to medium sized hospital laboratories, those
under 400 beds, are in need of simpler and more affordable
molecular diagnostic testing methods.  The Company markets a system
that combines both affordability and ease-of-use, when compared to
other commercially available molecular testing methods, which the
Company believes will accelerate the adoption of molecular testing
in small to medium sized hospitals.  The Company's system includes
an analyzer, which it provides for its customers' use without
charge in the United States, and a diagnostic cartridge, which the
Company sells to its customers.

Great Basin reported a net loss of $57.9 million in 2015 following
a net loss of $21.7 million in 2014.

As of Sept. 30, 2016, Great Basin had $83.40 million in total
assets, $144.9 million in total liabilities, and a total
stockholders' deficit of $61.47 million.

Mantyla McReynolds, LLC, in Salt Lake City, Utah, issued a "going
concern" opinion in its report on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company has incurred substantial losses from operations causing
negative working capital and negative operating cash flows.  These
issues raise substantial doubt about its ability to continue as a
going concern, the auditors said.


GREAT HEARTS: Fitch Hikes Rating on $15.9MM Education Bonds to BB+
------------------------------------------------------------------
Fitch Ratings has upgraded its rating on approximately $15.9
million of educational revenue bonds, series 2012 issued by the
Industrial Development Authority of the City of Phoenix on behalf
of Great Hearts Academies (Veritas Project) to 'BB+' from 'BB'.

The Rating Outlook is revised to Stable from Positive.

SECURITY

The bonds are a joint and several obligation of two charter
schools, Veritas Preparatory Academy (VPA) and Archway Classical
Veritas (ACV) (together, the schools) and are payable from all
legally available revenues. The bonds are further secured by a
first mortgage lien over the facility in which the schools are
co-located, and a cash-funded debt service reserve.

KEY RATING DRIVERS

UPGRADE AND STABLE OPERATIONS: The upgrade to 'BB+' and Outlook
revision to Stable reflects the schools' long charter terms and
track record of solid margins (7.7% on a combined basis in fiscal
2016) driving consistent growth in limited balance sheet resources,
which is supported by stable demand and enrollment.

CHARTER RENEWAL: Following VPA's initial 15-year standard charter
term, it received its first 20-year standard renewal which extended
the term to 2036. ACV has now completed a full five academic years
and is under a 15-year charter term that extends to 2025.

SOUND COVERAGE: Per Fitch's charter school criteria, the
calculation of debt service coverage now includes ACV based on its
full five-year operating history. Maximum annual debt service
(MADS) coverage on the series 2012 bonds from combined operations
was 2.1x in fiscal 2016, similar to fiscal 2015. Combined MADS
coverage over a five year period (since fiscal 2012) averages
1.5x.

HIGH DEBT BURDEN: The schools' combined financial leverage remains
high as measured by a MADS burden at about 10.3% on a combined
basis in fiscal 2016. Debt to net income available for debt service
is high but reduced to 6.4x, down from 6.9x in the prior year.

STRONG MANAGEMENT OVERSIGHT: The schools benefit from the
programmatic leadership of Great Hearts Academies (GHA), whose
academic reputation supports strong student demand among its
network of 22 charter schools located in the Phoenix area. This
leadership is expected to continue.

RATING SENSITIVITIES

ACHIEVEMENT OF FINANCIAL METRICS: Failure of Great Hearts
Academies' two pledged charter schools to maintain positive
operating results and moderately grow balance sheet resources could
pressure the rating.

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 school
transactions that, if pressured, could negatively impact Great
Hearts Academies' rating.

CREDIT PROFILE

The two pledged schools are located in the suburbs of the greater
Phoenix metropolitan area; GHA's programs center on a rigorous
classical liberal arts curriculum. VPA enrolled a total 702
students in grades 6-12 in fall 2016, while ACV enrolled a total of
536 students in grades K-5.

GHA's 17-member board includes individuals with various business
and educational backgrounds, including the former President of the
AZ Board of Regents.

STRONG DEMAND

The schools benefit from favorable student demand, supported by
strong academic performance. VPA's long operating history is a
credit positive, with stable enrollment and strong academic
achievement. Now in its sixth academic year, ACV has demonstrated
stable enrollment and solid academic performance.

The schools' academic quality is also evidenced by their high
Arizona Department of Education rankings, the most recent being
published in 2014. Management reports that VPA and ACV outperform
state averages on Arizona's standardized testing.

The schools maintain a positive working relationship with their
authorizer, the Arizona State Board of Charter Schools (ASBCS). VPA
received its first charter renewal in 2016, a 20-year extension to
2036. ACV is still operating under its initial 15-year charter.
ASBCS performs both annual and five-year reviews for charter
schools.

VPA enrolled 702 students in grades 6-12 as of November 2016,
similar to the prior year and within budget expectations.
Management expects some incremental enrollment growth over time,
but does not intend to grow too much beyond the current level to
preserve its academic mission. Enrollment is capped at 750 students
per its charter, providing some operating flexibility.

Demand continues to be stable for ACV, with 536 students enrolled
in grades K-5 as of November 2016, also similar to prior years and
within budget expectations. ACV's charter caps enrollment at 600.

Combined fall 2016 enrollment is 1,238. The schools maintain
actively managed wait lists. VPA's student waitlist remains
adequate at 55, while ACV's waitlist is robust at 1,100. ACV's
sizeable wait list reflects strong demand at the elementary level
in the greater Phoenix area despite growing charter school
competition.

ADEQUATE MARGINS

Typical of most charter schools, revenue diversity is limited. The
schools are highly reliant on state per pupil funding (PPF), which
represented 75% of fiscal 2016 combined operating revenues.
Following relatively flat base funding during fiscal years
2010-2012, PPF has steadily increased for the fifth consecutive
year in fiscal 2017. The fiscal 2017 increase was more modest at
1%, after growth of about 2% in the previous two years base
funding. Fiscal 2016 received an additional bump in revenues late
in the fiscal year due to the approval of Proposition 123 in a
state-wide election in May 2016. Management reports that the state
pays per-pupil funding on-time.

The schools' fiscal 2016 combined operating margin was a solid
7.4%, level with the prior fiscal year. Some revenue from a
state-wide voter referendum (Prop. 123) for education was received
in fiscal 2016, but is expected to be spent in fiscal 2017. In
addition, the state's proposedfiscal 2018 budget provides for
Achievement, an incentive system for schools with academic
performance in the top 10%. If the budget is approved, this merit
funding will provide about $340,000 in additional revenue and would
be paid in fiscal 2018. The merit funding is expected to offset
funding losses due to elimination of the small-school weighting in
the AZ charter school funding formula. Prop. 123 funding is for 10
years and the Achievement funding is not expected to expire
according to management.

SLIM BALANCE SHEET

Fitch views enrollment stability and positive operations critical
as the schools' combined balance sheet resources provide little
flexibility. On a combined basis, available funds (cash and
investments not restricted) increased $640,000 to $2.7 million as
of June 30, 2016. Available funds covered fiscal 2016 combined
operating expenses and debt by a low 25.1% and 16.8%, respectively,
but reflect improvement over the prior year and meets Fitch's
expectations for the ratings category.

MODERATING DEBT BURDEN; IMPROVING COVERAGE

The schools' financial leverage remains high as measured by pro
forma MADS coverage and burden. Upward rating action is based on
improving coverage levels now that ACV has completed its fifth year
of operations in fiscal 2016. Under Fitch's charter school rating
criteria, a school with less than five years of audited operating
history cannot be included in Fitch analytical calculations. MADS
coverage was a sound 2.1x for fiscal 2016, showing continuous
operating improvement over the prior five years.

The schools' fiscal 2016 debt burden remains high, although
leverage metrics improved slightly from fiscal. MADS consumes a
high 10.3% of the schools' combined fiscal 2016 operating revenues.
Total debt outstanding of about $15.9 million also represented a
moderately-high 6.4x of combined net income available for debt
service. High leverage ratios are characteristic of the charter
school sector.

Management reports that neither VPA and ACV have material capital
or borrowing needs at this time. The current campus constructed in
2012 is relatively new. Based on a positive state funding
environment, modest enrollment growth, and lack of capital plans,
Fitch believes the school's debt burden could moderate over time.


GROUP MIDLAND: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Group Midland Hotels, LLC
           fka Travelodge
        2500 Commerce Drive
        Midland, TX 79703

Case No.: 17-70021

Chapter 11 Petition Date: February 6, 2017

Court: United States Bankruptcy Court
       Western District of Texas (Midland)

Judge: Hon. Tony M. Davis

Debtor's Counsel: Joyce W. Lindauer, Esq.
                  JOYCE W. LINDAUER ATTORNEY, PLLC
                  12720 Hillcrest Road, Suite 625
                  Dallas, TX 75230
                  Tel: 972-503-4033
                  E-mail: joyce@joycelindauer.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Chetna Hira, managing member.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/txwb17-70021.pdf


GROW CONDOS: Issues $165,000 10% Fixed Convertible Promissory Note
------------------------------------------------------------------
Grow Condos, Inc., issued a $165,000 10% fixed convertible
promissory note to an institutional investor.  The Note is due July
20, 2017, and bears an interest rate of 10%, and is convertible
into shares of our common stock at $0.85 per share.  The Note was
issued with a $15,000 original issue discount.  In connection with
the issuance of the Note the Company also issued the institutional
investor a warrant to purchase 150,000 shares at $0.85 subject to
adjustment for stock splits and the like.  The warrant expires on
Jan. 20, 2018.  The proceeds of the Note and any Warrant exercises
will be used for working capital, however $10,000 of the proceeds
of the Note have been allocated to attorney fees.

                       About Grow Condos

Grow Condos, Inc., operates as a real estate purchaser, developer,
and manager of specific use industrial properties in the United
States.  The company provides condo type turn-key grow facilities
to support cannabis growers.  It is also involved in the
development, lease, ownership, and provision of investment sales
opportunities for commercial industrial properties focused in the
cannabis production arena.  The company is based in Eagle Point,
Oregon.

Grow Condos reported a net loss of $1.49 million on $118,533 of
total revenues for the year ended June 30, 2016, compared to a net
loss of $251,338 on $54,998 of total revenues for the year ended
June 30, 2015.

As of Sept. 30, 2016, Grow Condos had $1.65 million in total
assets, $2.48 million in total liabilities and a total
shareholders' deficit of $829,090.

John Scrudato CPA, in Califon, New Jersey, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company operates with
an industry that is illegal under federal law, has yet to achieve
profitable operations, has a significant accumulated deficit and is
dependent on its ability to raise capital from stockholders or
other sources to sustain operations and to ultimately achieve
viable profitable operations.  These factors raise substantial
doubt about the Company's ability to continue as a going concern.


GULF PAVING: Taps Maxwell Hendry as Appraiser
---------------------------------------------
Gulf Paving Company, Inc., seeks authority from the U.S. Bankruptcy
Court for the Middle District of Florida to employ Maxwell Hendry
Simmons Real Estate Appraisers & Consultants as appraiser to the
Debtor.

Gulf Paving requires Maxwell Hendry to appraise the Debtor's three
industrial property located at 3450/3460 Old Metro Parkway, Fort
Myers, Florida 33901; 2831 Hunter Street, Fort Myers, Florida
33901; and 1845 Hunter Street, Fort Myers, Florida 33901.

Maxwell Hendry will be paid an appraisal fee of $3,900.  Maxwell
Hendry will be paid a retainer in the amount of $1,950.  Maxwell
Hendry will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Hendry Hendry, member of Maxwell Hendry Simmons Real Estate
Appraisers & Consultants, assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtor and its estates.

Maxwell Hendry can be reached at:

     Hendry Hendry
     MAXWELL HENDRY SIMMONS
     REAL ESTATE APPRAISERS & CONSULTANTS
     12600 World Plaza Lane, Building 63
     Fort Myers, FL 33907
     Tel: (239) 337-0555

                About Gulf Paving Company, Inc.

Gulf Paving Company, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M. D. Fla. Case No. 16-08113) on Sept. 20,
2016. The petition was signed by Timothy B. Lause, president.

At the time of the filing, the Debtor disclosed $2.82 million in
assets and $3.03 million in liabilities.

Richard A Johnston, Jr., Esq., at Johnston Law, PLLC, serves as the
Debtor's bankruptcy counsel.


GUP'S HILL PLANTATION: Disclosures OK'd; Plan Hearing on March 28
-----------------------------------------------------------------
The Hon. David R. Duncan of the United States Bankruptcy Court for
the District of South Carolina has approved Gup's Hill Plantation,
LLC's disclosure statement dated Oct. 20, 2016, referring to the
Chapter 11 plan filed on Aug. 11, 2016.

The hearing on the confirmation of the Plan will be held on March
28, 2017, at 10:00 a.m.

Any objections to the confirmation of the Plan must be filed by
March 21, 2017.

If any party wishes to file a motion that would affect the plan
confirmation, it must be filed by March 10, 2017.  If the motion
may be self-scheduled under SC LBR 9013-4, it must be scheduled for
March 28, 2017, at 10:00 a.m.  Any response to a motion filed must
be filed on or before March 24, 2017.
March 21, 2017, is the last day for filing ballots accepting or
rejecting the Plan.

On or before Feb. 21, 2017, the Plan, the order approving the
Disclosure Statement, the Disclosure Statement, and a ballot,
generally conforming to Official Form 314, will be mailed to
creditors, equity security holders, and other parties-in-interest.

                         About Gup's Hill

Gup's Hill Plantation, LLC, owns a hotel called the Edgefield Inn,
commercial and residential real estate properties, and timberland
properties.

Gup's Hill Plantation, LLC -- aka Edgefield Inn, LLC and aka
Rainsford Holdings, LLC -- filed a Chapter 11 petition (Bankr. D.
S.C. Case No. 15-04386) on Aug. 18, 2015.  The Hon. David R. Duncan
presides over the case.  Carl F. Muller, Esq., at Carl F. Muller,
Attorney At Law, P.A., serves as the Debtor's counsel.  The
petition was signed by Bettis C. Rainsford, sole member.


GYMBOREE CORP: Amends Employment Agreement with CEO
---------------------------------------------------
In connection with Mark Breitbard's previously announced planned
resignation as chief executive officer, The Gymboree Corporation
and its indirect parent company, Giraffe Holding Inc., entered into
an amended and restated employment agreement with Mr. Breitbard.
Pursuant to the agreement, effective as of Feb. 1, 2017, Mr.
Breitbard will serve as the Chairman of the Board and will also
continue to serve as the Company's chief executive officer, until
the earliest of Nov. 30, 2017, Mr. Breitbard's death, disability,
termination of employment by the Company with or without cause, Mr.
Breitbard's voluntary resignation or the date on which a new chief
executive officer commences employment with the Company.

During the term of the agreement, Mr. Breitbard will receive a base
salary at an annualized rate of $867,000 for his services as the
Company's chief executive officer, which will continue to be paid
in accordance with the Company's normal and customary payroll
procedures.  For his services as chairman of the Board, he will
also receive a monthly payment of $50,000.  Mr. Breitbard will be
eligible for a cash bonus for the bonus period that ended on Jan.
29, 2017, but not for periods thereafter.  In lieu of his
eligibility to receive a bonus for the bonus period beginning on
Jan. 30, 2017, and to retain Mr. Breitbard's services during the
term of the agreement, Mr. Breitbard will receive a service payment
of $100,000 during each month of the term.  Upon the earlier of the
Transition Date or the date Mr. Breitbard's employment is
terminated without cause, subject to his execution of a release in
favor of the Company and compliance with restrictive covenants in
his agreement, (i) if the Company has not paid him at least six
monthly Chairman Retainer payments, the Company will pay him a lump
sum equal to $300,000 minus the aggregate amount of all Chairman
Retainer payments received by him (provided that he will also
receive this amount if the Company terminates his services as
chairman during the term but he continues to serve as chief
executive officer), (ii) the Company will pay him the balance of
any Service Payments that would otherwise have been made through
Nov. 30, 2017 and (iii) if he timely elects COBRA coverage, the
Company will reimburse him for the full cost of COBRA premiums for
18 months after the date of his termination of employment.

                   About The Gymboree Corporation

San Francisco-based The Gymboree Corporation's specialty retail
brands offer unique, high-quality products delivered with
personalized customer service.  As of Oct. 29, 2016, the Company
operated a total of 1,300 retail stores: 591 Gymboree stores (541
in the United States, 49 in Canada and 1 in Puerto Rico), 174
Gymboree Outlet stores (173 in the United States and 1 in Puerto
Rico), 150 Janie and Jack shops (149 in the United States and 1 in
Puerto Rico), and 385 Crazy 8 stores in the United States.  The
Company also operates online stores at http://www.gymboree.com/,
http://www.janieandjack.com/and http://www.crazy8.com/

The Company was taken private by Bain Capital in 2010 in a deal
valued at about $1.8 billion.

As of Oct. 29, 2016, Gymboree had $1.19 billion in total assets,
$1.47 billion in total liabilities and a total deficit of $283.06
million.

Gymboree reported a net loss attributable to the Company of $10.17
million for the year ended Jan. 30, 2016, a net loss attributable
to the Company of $574.10 million for the year ended Jan. 31, 2015,
and a net loss attributable to the Company of $203.02 million for
the year ended Feb. 1, 2014.

                             *     *     *

In January 2017, S&P Global Ratings lowered its corporate credit
rating on The Gymboree Corp. to 'CC' from 'CCC+'.  The
outlook is negative.  "The downgrade reflects significant near-term
refinancing requirements, limited liquidity, and continuing weak
operating performance.  We expect further profitability erosion in
the upcoming quarters and we believe the company could announce a
distressed debt restructuring transaction over the next two
quarters," said credit analyst Samantha Stone.

As reported by the TCR on Nov. 7, 2016, Moody's Investors Service
downgraded The Gymboree Corporation's Corporate Family Rating to
Caa3 from Caa1 and Probability of Default Rating to Caa3-PD from
Caa1-PD.  The downgrade of the Corporate Family Rating to Caa3
reflects Gymboree's weak operating performance and deteriorating
liquidity.  Net sales and EBITDA fell 4% and 49%, respectively, in
the quarter ended July 30, 2016 due to weak customer traffic and
margin pressure from inventory clearance activity.


GYMBOREE CORP: Elects John Belitsos as Director
-----------------------------------------------
The Gymboree Corporation elected John Belitsos to serve on the
Company's Board of Directors effective as of Jan. 25, 2017.  Mr.
Belitsos has not been appointed to, and is not currently expected
to be appointed to, any committees of the Board.  Mr. Belitsos is a
principal at Bain Capital Private Equity, LP and will not receive
compensation for his service on the Board.

The Company will enter into a standard form of indemnification
agreement with Mr. Belitsos pursuant to which the Company will,
among other things, indemnify Mr. Belitsos for certain expenses,
including attorneys' fees, judgments, penalties, fines and
settlement amounts actually and reasonably incurred by him in any
action or proceeding arising out of his service as a member of the
Board, or service to any of the Company, its subsidiaries or any
other company or enterprise to which he provide services at the
Company's request, in accordance with the terms of such
indemnification agreement.

                  About The Gymboree Corporation

San Francisco-based The Gymboree Corporation's specialty retail
brands offer unique, high-quality products delivered with
personalized customer service.  As of Oct. 29, 2016, the Company
operated a total of 1,300 retail stores: 591 Gymboree stores (541
in the United States, 49 in Canada and 1 in Puerto Rico), 174
Gymboree Outlet stores (173 in the United States and 1 in Puerto
Rico), 150 Janie and Jack shops (149 in the United States and 1 in
Puerto Rico), and 385 Crazy 8 stores in the United States.  The
Company also operates online stores at http://www.gymboree.com/,
http://www.janieandjack.com/and http://www.crazy8.com/

The Company was taken private by Bain Capital in 2010 in a deal
valued at about $1.8 billion.

As of Oct. 29, 2016, Gymboree had $1.19 billion in total assets,
$1.47 billion in total liabilities and a total deficit of $283.06
million.

Gymboree reported a net loss attributable to the Company of $10.17
million for the year ended Jan. 30, 2016, a net loss attributable
to the Company of $574.10 million for the year ended Jan. 31, 2015,
and a net loss attributable to the Company of $203.02 million for
the year ended Feb. 1, 2014.

                             *     *     *

In January 2017, S&P Global Ratings lowered its corporate credit
rating on The Gymboree Corp. to 'CC' from 'CCC+'.  The outlook is
negative.  "The downgrade reflects significant near-term
refinancing requirements, limited liquidity, and continuing weak
operating performance.  We expect further profitability erosion in
the upcoming quarters and we believe the company could announce a
distressed debt restructuring transaction over the next two
quarters," said credit analyst Samantha Stone.

As reported by the TCR on Nov. 7, 2016, Moody's Investors Service
downgraded The Gymboree Corporation's Corporate Family Rating to
Caa3 from Caa1 and Probability of Default Rating to Caa3-PD from
Caa1-PD.  The downgrade of the Corporate Family Rating to Caa3
reflects Gymboree's weak operating performance and deteriorating
liquidity.  Net sales and EBITDA fell 4% and 49%, respectively, in
the quarter ended July 30, 2016 due to weak customer traffic and
margin pressure from inventory clearance activity.


HAIRLAND CORP: Taps Davila Rivera Law as Counsel
------------------------------------------------
Hairland Corporation seeks permission from the U.S. Bankruptcy
Court for the District of Puerto Rico to employ counsel pursuant to
11 U.S.C. Section 327 and Bankruptcy Rule 2014.

The Debtor wishes to employ Emily Darice Davila Rivera, Esq. as
attorney for the Chapter 11 proceedings at an hourly rate of
$200.00 per hour subject to the approval of this court in
accordance with 11 USC 503 and FRBP 2014; and has paid retainer in
the sum of $10,000.00 in attorney's fees as per Statement
Compensation of Attorney 2030.

Davila Rivera's services include:

     a. Preparing bankruptcy schedules, pleadings, applications and
conducting examinations incidental to any related proceedings or to
the administration of this case;

     b. Developing the relationship of the status of the Debtor to
the claims of creditors in this case;

     c. Advising the Debtor of his rights, duties, and obligations
as the Debtor operating under Chapter 11 of the Bankruptcy Code;

     d. Taking any and all other necessary action incident to the
proper preservation and administration of this Chapter 11 case;
and;

     e. Advising and assisting the Debtor in the formation and
preservation of a plan pursuant to Chapter 11 of the Bankruptcy
Code, the Disclosure Statement, and any and all matters related
thereto.

Emily Darice Davila Rivera, Esq. attests that she does not
represent an interest adverse to this estate and is a
"disinterested" person pursuant to 11 USC 327 (a), sec. 101(14) and
FRBP 2014.

The Counsel can be reached through:

     Emily Darice Davila Rivera, Esq.
     LAW OFFICE EMILY D DAVILA RIVERA
     420 Ponce De Leon Midtown Bldg. Suite 311
     San Juan, PR 00918
     Tel: 787 753-2368
     Fax: 787 759-9620
     Email: davilalawe@prtc.net

                        About Hairland Corporation

Headquartered at San Juan, Puerto Rico, Hairland Corporation
manages a barbershop.  The Debtor filed a petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. D.P.R. Case No. 17-00286)
on January 23, 2017.  The Debtor is represented by Emily Darice
Davila Rivera, Esq., at the Law Office of Emily D. Davila Rivera.


HAMPSHIRE GROUP: Taps Drozdowski as Chief Financial Officer
-----------------------------------------------------------
Hampshire Group, Ltd., et al., seek authority from the U.S.
Bankruptcy Court for the District of Delaware to employ William
Drozdowski as chief financial officer.

On December 16, 2016, the Debtors filed a motion seeking authority
to employ GRL Capital Advisors, LLC to provide the Debtors with a
CFO and to designate Mr. Drozdowski as CFO, nunc pro tunc to the
Petition Date.  An initial status conference on the GRL Employment
Motion was held on January 4, at which counsel for the Debtors
advised the Court that the Debtors (a) would be withdrawing the GRL
Employment Motion because the service of Mr. Drozdowski as a
director for Hampshire Brands, Inc. precluded employment of GRL
under the Jay Alix Protocol and (b) were in consultations with the
U.S. Trustee and Committee to explore alternative arrangements for
the employment of Mr. Drozdowski as CFO. A further status
conference on the GRL Employment Motion was held on January 9.  

The Debtors are filing a notice of withdrawal of the GRL Employment
Motion.

Hampshire Group requires Mr. Drozdowski to:

   (a) help to lead the Debtors' wind down and liquidation
       efforts, including the sale of the James Campbell business
       and communications with customers regarding the collection
       of accounts receivable;

   (b) prepare schedules, statements and reports required to be
       filed by a debtor in chapter 11;

   (c) manage the Debtors' financial reporting and cash
       management functions

   (d) testify at and participate in court hearings and serve as
       the Debtors' representative at the Committee formation
       meeting and the section 341 meeting of creditors;

   (e) participate in various meetings and conference calls with
       the Committee, the U.S. Trustee, potential purchasers of
       the Debtors' assets, the Debtors' senior secured lender,
       and other parties; and

   (f) assist the Debtors in fulfilling their obligations as
       debtors in possession.

Mr. Drozdowski will be paid at the hourly rate of $475.

Mr. Drozdowski will also be employed based on these terms:

   a. The Debtors will employ Mr. Drozdowski as a 1099 employee,
      effective nunc pro tunc to the Petition Date.

   b. The prepetition retainer held by GRL Capital Advisors, LLC
      in the amount of $69,332.33 will be used to satisfy in full
      the Debtors' obligation to pay Mr. Drozdowski for services
      performed from the Petition Date (November 23, 2016)
      through December 31, 2016.

   c. For the month of January 2017, Mr. Drozdowski will be
      compensated at a salary of $13,750 per week, up to a
      maximum of $55,000.

   d. For the month of February 2017, Mr. Drozdowski will be
      compensated on a weekly basis, in advance, at a salary of
      $12,500 per week, up to a maximum of $50,000.

William Drozdowski assured the Court that he is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtor and
its estates.

Mr. Drozdowski can be reached at:

     William Drozdowski
     GRL Capital Advisors LLC
     220 South Livingston Ave Suite 200
     Livingston, NJ 07039
     Phone: (973)544-8209

                About Hampshire Group, Ltd.

New York-based Hampshire Group, Limited (OTC Markets: HAMP) is a
provider of fashion apparel across a broad range of product
categories, channels of distribution and price points. As a holding
company, the Company operates through its wholly-owned
subsidiaries, Hampshire Brands, Inc. and Hampshire International,
LLC.

Hampshire Group, Limited and two affiliates -- Hampshire Brands and
Hampshire International -- sought Chapter 11 bankruptcy protection
(Bankr. D. Del. Case Nos. 16-12634 to 16-12636) on Nov. 23, 2016,
to facilitate the orderly wind-down of their business operations.

The petitions were signed by Paul Buxbaum, president and chief
executive officer.

Hampshire Group disclosed $25.9 million in assets and $41.8 million
in liabilities. Brands listed under $50 million in both assets and
debts. International listed under $50,000 in assets and under $50
million in liabilities.

Pachulski Stang Ziehl & Jones LLP and Blank Rome LLP have been
tapped as counsel to the Debtors.  William Drozdowski of GRL
Capital Advisors LLC has also been tapped as the Debtors' chief
financial officer.

The U.S. Trustee for Region 3 has appointed five creditors to serve
in the official unsecured creditors committee in the case.
Gavin/Solmonese LLC serves as financial advisor to the Committee.



HANESBRANDS INC: S&P Revises Outlook to Stable & Affirms 'BB' CCR
-----------------------------------------------------------------
S&P Global Ratings revised its outlook on Winston Salem, N.C.-based
Hanesbrands Inc. to stable from negative.  At the same time, S&P
affirmed its 'BB' long-term corporate credit rating on the
company.

Hanesbrands has executed well on its deleveraging plan in 2016
after a surge in financial leverage following its acquisitions of
Champion Europe and Pacific Brands.

S&P also affirmed its 'BB' issue rating on each tranche of the
company's unsecured debt obligations.  The recovery rating is
unchanged at '3', indicating S&P's expectation of recovery at the
lower end of the 50%-70% range in the event of a default.

In addition, S&P affirmed its 'BBB-' issue ratings on Hanesbrands'
first-lien facilities.  The recovery rating remains at '1' to
indicate S&P's expectation of 90%-100% recovery in the event of a
default.

S&P estimates the company's adjusted debt was approximately $3.9
billion as of Dec. 31, 2016, including S&P's adjustments for
operating leases and pensions.

"The outlook revision stems from our forecast that Hanesbrands'
financial leverage will strengthen to comfortably below 4x in 2017
following a temporary spike in debt in 2016," said S&P Global
Ratings credit analyst Peter DeLuca.  The increase in leverage was
a result of incremental debt to fund the acquisitions of Champion
Europe and Pacific Brands, as well as share repurchases.

The company unexpectedly has announced a continuation of about $300
million worth of share repurchases in 2017, which will temper the
pace of improvement to leverage in the coming years, compared with
S&P's previous expectations.  However, the company has executed
well on integrating the two acquisitions so far, and S&P believes
financial leverage will decrease in 2017 as a result of the
full-year EBITDA consolidation of Champion Europe and Pacific
Brands.  Consequently, S&P expects the debt-to-EBITDA ratio will
approach 3.7x in 2017 and be close to 3.5x in 2018, compared with a
peak of about 4.7x during 2016.

The ratings reflect Hanesbrands' solid global market positions in
the everyday basic innerwear and athletic apparel segments, which
are mitigated by the company's participation in the highly
competitive apparel industry and a weak retail environment in its
core U.S. market.  Domestic retailers, particularly in sports
equipment, are struggling, and face store closings and inventory
tightening, which, in turn, put pressure on apparel companies.  The
stable outlook reflects S&P's expectation that Hanesbrands'
operating performance will be supported by consistent replacement
demand for undergarments, solid expense management in its global
manufacturing base, and synergies resulting from its recent
acquisitions.  S&P also projects leverage declining to well below
4x over the next two years from steady EBITDA growth, while the
company continues to invest in the business and maintain its
dividend and share repurchase activity.  Nevertheless, organic
top-line growth will likely remain weak because of the challenged
domestic retail environment, intense competition, and foreign
exchange headwinds.  As a result, Hanesbrands will have to continue
to execute well on cost-cutting and achieving synergies to grow
margins.

S&P could raise its ratings if Hanesbrands is able to demonstrate
solid organic top-line growth while expanding margins through
effective cost management.  S&P believes this is achievable if it
is able to strengthen its competitive position in the global
apparel markets, the U.S. retail environment improves, foreign
exchange headwinds moderate, and the company is able to effectively
manage its cost base to offset cost inflation.

Alternatively, S&P could consider raising ratings if the company
unexpectedly commits to reducing leverage on a sustained basis so
that the debt-to-EBITDA ratio remains below 3x over S&P's forecast
horizon.  S&P estimates that this could occur if the company pays
down approximately $600 million of debt (assuming debt and EBITDA
as per S&P's base-case scenario for 2017.)  

S&P could lower its ratings if Hanesbrands' credit metrics are
projected to weaken considerably, including debt to EBITDA staying
above 4.0x.  This could occur from a large debt-financed
acquisition, significant change in shareholder returns, an
unexpected rise in input costs that the company is unable to pass
on to customers due to competition, material unfavorable foreign
exchange movements, and further weakening of the retail
environment.


HCA INC: S&P Affirms 'BB' CCR on Cost Reduction Efforts
-------------------------------------------------------
S&P Global Ratings assigned its 'BBB-' issue-level rating (two
notches above the corporate credit rating) to Nashville-based HCA
Inc.'s proposed $1,197 million senior secured term loan B-8, which
is being issued to refinance the company's term loan B-7.  The new
term loan matures in 2024 (the same as the debt it refinances), but
carries a lower interest rate.  S&P assigned a '1' recovery rating
to this debt, indicating its expectation of very high (90%-100%)
recovery for lenders in the event of a payment default.  The
issue-level ratings are the same as S&P's ratings on the existing
senior secured debt.

S&P's 'BB' corporate credit rating on HCA reflects S&P's view that
its scale relative to other health care services peers should allow
the company to better offset declining reimbursement rates with
cost reduction efforts, and that its scale and market presence
should aid in contract negotiations with commercial payors.  In
addition, HCA's business is diversified beyond inpatient hospital
services, with about 38% of revenues coming from outpatient
procedures.  These factors are only partially offset by S&P's view
that HCA is exposed to reimbursement pressure as government and
commercial payors seek to control costs, and its business is
geographically concentrated in two states, Texas and Florida, which
together represent about half of the company's revenues.

S&P's ratings on HCA also reflect S&P's view that the company will
maintain leverage around 4x and generate funds from operations
(FFO) to total debt in the mid- to high-teens area.  S&P's ratings
also incorporate its expectation that HCA will continue to generate
significant operating cash flow, but S&P expects the company to
invest heavily in capital expenditures and to continue to
prioritize shareholder return over debt repayment.

RATINGS LIST

HCA Inc.
Corporate Credit Rating               BB/Stable/--

New Rating

HCA Inc.
Senior Secured
  $1,197 Mil. Term Loan B-8 Due 2024   BBB-
   Recovery Rating                     1


HEBREW HEALTH: Asks Court for 30-Day Plan Filing Period Extension
-----------------------------------------------------------------
Hebrew Health Care, Inc. and its affiliated Debtors ask the U.S.
Bankruptcy Court for the District of Connecticut to extend their
exclusive periods for filing a chapter 11 plan and soliciting
acceptances to the plan for 30 days, or until March 13, 2017 and
May 14, 2017, respectively.

The Debtors currently have until February 15, 2017 to file a
chapter 11 plan of reorganization, and until April 14, 2017 to
solicit acceptances to their plan.

The Debtors tell the Court that despite their management's best
efforts, the Debtors have exhausted their cash reserves, including
those unrestricted funds held by the Hebrew Health Care Foundation,
Inc., an affiliated not-for-profit entity which is not a debtor in
the proceedings.  The Debtors further tell the Court that through
the Chapter 11 process, they believe that by eliminating their
skilled nursing home facility business, the Debtors can now operate
its hospital, assisted living facility and its community-based
geriatric programs as profitable businesses.

The Court approved the sale of Hebrew Home and Hospital,
Incorporated's skilled nursing facility business, which closed on
December 21, 2016.

The Debtors relate that subsequent to the Asset Sale Closing Date,
Hebrew Home and Hospital Incorporated has been addressing issues
related to the transition, including issues with contracts and
employees.  The Debtors further relate that Hebrew Home and
Hospital Incorporated has also been addressing operational issues
at the hospital which was not sold and remains under the control of
Hebrew Home and Hospital Incorporated post-sale.

The Debtors assert that the loss of exclusivity would have a
deleterious effect on the Debtors, their estates, their creditors,
and all parties in interest.  The Debtors further assert that it
would be nearly impossible for them to dedicate sufficient
resources to formulating a new plan if the Debtors were required to
focus on analyzing and responding to competing plans submitted by
other parties.  The Debtors add that the Exclusivity Periods has
given them much needed breathing space to identify problem areas
and then implement necessary changes that will inure to the benefit
of the Debtors, their creditors and their estates.  The Debtors
contend that if they cannot preserve the exclusive right to present
and file a plan of reorganization, they may not be able to continue
to implement changes to their business and at the same time
construct a plan of reorganization and address competing plans of
reorganization.

            About Hebrew Health Care, Inc.

Hebrew Health Care, Inc. provides management, human resources and
payroll services to its three subsidiaries Hebrew Life Choices
Inc., Hebrew Community Services Inc., and Hebrew Home and Hospital,
Incorporated.  The three provides rehabilitation services.

The Debtors filed Chapter 11 petitions (Bankr. D. Conn. Case Nos.
16-21311, 16-21312, 16-21313, and 16-21314, respectively) on Aug.
15, 2016.  The petitions were signed by Bonnie Gauthier, CEO. Their
cases are assigned to Judge Ann M. Nevins.

At the time of the filing, Hebrew Health Care estimated assets at
$1 million to $10 million and liabilities at $100,000 to $500,000;
Hebrew Life Choices estimated assets at $10 million to $50 million
and liabilities at $10 million to $50 million; Hebrew Community
Services estimated assets at $500,000 to $1 million and liabilities
at $100,000 to $500,000; and Hebrew Home and Hospital estimated
assets at $1 million to $10 million and liabilities at $10 million
to $50 million.

The Debtors are represented by Elizabeth J. Austin, Esq., at
Pullman and Comley, LLC.  Altman and Company, LLC and Marcum, LLP
serve as financial advisor and auditor, respectively.

On August 30, 2016, the U.S. Trustee for Region 2 appointed an
official committee of unsecured creditors.  The committee hired
Zeisler & Zeisler, P.C. as its legal counsel and EisnerAmper LLP as
its financial advisor.

Anne Cahill Kluetsch, director and senior consultant of Kluetsch &
Associates, LLC, was appointed as patient care ombudsman.  Ms.
Kluetsch is represented by Coan, Lewendon, Gulliver &
Miltenberger, LLC.



HEXION INC: Moody's Affirms Caa2 Corporate Family Rating
--------------------------------------------------------
Moody's Investors Service affirmed the ratings of Hexion Inc. (Caa2
Corporate Family Rating) and changed its outlook to stable
following the successful refinancing of its 1.5 lien notes due
2018. Moody's also raised Hexion's Speculative Grade Liquidity
rating to SGL-3 from SGL-4 due to the expectation that the company
would be able to maintain adequate liquidity over the next 12-18
months.

"We stabilized Hexion's outlook as it was able to eliminate its
2018 maturity without any reduction in liquidity," stated John
Rogers, Senior Vice President at Moody's. "While free cash flow is
expected to remain negative, Moody's believe that Hexion will take
the actions necessary to prevent any material reduction in
liquidity over the next 18 months."

Rating affirmed:

Issuer: Hexion Inc.

-- Corporate Family Rating - Caa2

-- Probability of Default Rating - Caa2-PD

-- Senior Secured (1st Lien) Regular Bond/Debenture - Caa1 (LGD3)

-- Senior Secured (1.5 Lien) Regular Bond/Debenture - Caa3 (LGD5)

-- Senior Secured (2nd Lien) Regular Bond/Debenture - Ca (LGD5)

Issuer: Hexion US Finance Corp.

-- Senior Secured (1st Lien) Regular Bond/Debenture - Caa1 (LGD3)

Issuer: Hexion 2 U.S. Finance Corp.

-- Senior Secured (1st Lien) Regular Bond/Debenture - Caa1 (LGD3)

Issuer: Borden Chemical, Inc. (Old)

-- Senior Unsecured Regular Bond/Debenture - C (LGD6)

Upgrade:

Issuer: Hexion Inc.

-- Speculative Grade Liquidity Rating Upgraded to SGL-3 from
SGL-4

Outlook Actions:

Issuer: Hexion Inc.

-- Outlook, Changed to Stable

Issuer: Hexion U.S. Finance Corp.

-- Outlook, Changed to Stable

Hexion 2 U.S. Finance Corp.

-- Outlook, Changed to Stable

Issuer: Borden Chemical, Inc. (Old)

-- Outlook, Changed to Stable

RATING RATIONALE

Hexion's Caa2 CFR reflects its elevated leverage of over 9 times,
weak cash flow from operations and negative free cash flow. The
change in Hexion's outlook to stable and the upgrade of its
Speculative Grade Liquidity rating to SGL-3 from SGL-4 reflects
Hexion's more than adequate liquidity of approximately $510 million
as of year-end 2016, as well as the expectation that the company
could undertake additional assets sales if necessary to prevent any
material deterioration in its liquidity over the next 12-18 months.
As part of the refinancing of its 1.5 lien notes, Hexion's ABL
lending facility will be reduced to $350 million from $400 million,
as asset sales have reduced the available borrowing base. While the
facility matures in 2021, triggers in the facility accelerate its
maturity to 91 days before any significant debt maturity. Hexion
was able to generate over $300 million in assets sales in 2016 to
offset negative free cash flow and repurchase over $200 million of
debt (with a face value closer to $300 million).

In 2017, Hexion's financial performance should improve due to
additional cost reduction efforts, a further rebound in US shale
fracking that should provide meaningful volume growth in the
proppants business, a modest increase in Forest Product Resins
volumes in North America and additional earnings from the two Gulf
Coast formaldehyde plants started up in 2016, as well as expected
growth in waterborne epoxy coatings. However, headwinds from a
stronger US dollar and increasing price pressure in base epoxies
could offset some of the expected increase in profitability that
Moody's has projected for 2017. Moody's expects free cash flow to
remain negative by $40-60 million, and that Hexion will continue to
take the actions necessary to avoid a material erosion in liquidity
over the next 18 months.

The ratings could be upgraded if leverage declined below 7.0 times,
the company is able to generate positive free cash flow and it
refinances its 2020 maturities. However, if free cash flow rises
sustainably above $50 million and RCF/Debt rises above 4%, Moody's
could upgrade the rating sooner. The ratings would be subject to a
further downgrade if liquidity declines below $250 million.

The principal methodology used in these ratings was Global Chemical
Industry Rating Methodology published in December 2013.

Hexion Inc., headquartered in Columbus, Ohio, is a leading producer
of thermoset resins (epoxy, formaldehyde and acrylic). The company
is also a supplier of specialty resins sold to a diverse customer
base as well as a producer of commodities such as formaldehyde,
bisphenol A (BPA), epichlorohydrin (ECH), versatic acid and related
derivatives. Revenues are approximately $3.4 billion as of December
31, 2016. The majority owner of Hexion is an affiliate of Apollo
Management.


HEXION US: Moody's Corrects Rating on Sr. Sec. Notes to Caa1
------------------------------------------------------------
Moody's Investors Service is correcting the rating on the USD 1.55
billion Senior Secured First Lien Notes due 2020 issued by Hexion
US Finance Corp. and assumed by Hexion Inc. to Caa1 (LGD3) from B3
(LGD3). Due to an internal administrative error, the rating on
these notes was not downgraded on January 20, 2017, when Moody's
downgraded Hexion Inc.'s senior secured first lien debt rating to
Caa1 (LGD3) from B3 (LGD3).


IHS MARKIT: Moody's Assigns Ba1 Rating to $500MM New Sr. Notes
--------------------------------------------------------------
Moody's Investors Service assigned a Ba1 rating to IHS Markit
Ltd.'s proposed $500 million of new senior notes. IHS Markit's
existing ratings, including its Ba1 Corporate Family Rating (CFR)
and senior unsecured debt ratings, Ba1-PD Probability of Default
Rating and its SGL-1 Speculative Grade Liquidity rating are not
affected. The ratings outlook is stable. The company plans to use
the proceeds from the new notes for working capital and general
corporate purposes, including repayment of outstanding revolver
borrowings and share repurchases.

RATINGS RATIONALE

The new notes offering will enhance IHS Markit's liquidity to
finance share repurchases. On January 30, 2017, IHS Markit
announced a modified share repurchase authorization of up to $2.25
billion which will expire on May 31, 2018. Assuming that the
company executes $2.25 billion of share buybacks by May 2018,
Moody's expects IHS Markit's gross debt could increase by about
$900 million to $1 billion by May 2018 (from the $3.4 billion of
total debt at FYE November 2016). Moody's estimates that total debt
to adjusted EBITDA could increase and remain near 3x over the next
12 to 18 months, at the high end of management's targeted range of
2x to 3x, up from 2.5x it reported at fiscal year-end 2016. On a
Moody's adjusted basis, total debt to EBITDA is expected to
increase to about 3.8x by FYE 2018.

The Ba1 CFR reflects IHS Markit's enhanced scale, a high proportion
of recurring revenues and sizeable free cash flow which Moody's
expects to be in the mid-to- high teens percentages of total debt
(Moody's adjusted) in the next 12 to 18 months. Moody's expects
continuing headwinds in the energy industry to constrain IHS
Markit's organic revenue growth to about 2% to 3% in FY 2017 but
EBITDA should grow at a faster rate from cost reductions. The
rating also reflects the high execution risk in combining the
legacy operations of IHS with Markit, IHS Markit's highly
acquisitive growth strategy and its moderately high leverage over
the next 12 to 18 months.

The stable outlook reflects Moody's expectation that IHS Markit's
free cash flow should exceed 15% of total adjusted debt over the
next 12 to 18 months and total debt to EBITDA (Moody's adjusted)
will remain below 4x over this period.

IHS Markit's ratings could be downgraded if weak operating
performance, challenges in integrating Markit or deviations in
financial policies cause total debt to EBITDA to be sustained above
4x (Moody's adjusted) and free cash flow-to-total debt to be
sustained below 15% (Moody's adjusted).

Given IHS Markit's moderately high leverage and integration risk, a
ratings upgrade is not expected over the near term. Moody's could
raise IHS Markit's ratings if it maintains strong earnings growth
and demonstrates a commitment to more conservative financial
policies. The ratings could be upgraded if Moody's expects IHS
Markit's total debt to EBITDA (Moody's adjusted) to be sustained
below 3.0x.

Ratings assigned:

Issuer: IHS Markit Ltd.

Assignments:

-- US$500M Senior Unsecured Regular Bond/Debenture (Local
Currency), Assigned Ba1 (LGD 4)

IHS Markit provides information, research, analytics and other
services to customers in major industries, financial markets, and
governments.

The principal methodology used in this rating was Business and
Consumer Service Industry published in October 2016.



IMAGING3 INC: Final Decree Entered; Fees Approved
-------------------------------------------------
Imaging3, Inc. on Feb. 6, 2017, disclosed that, on Jan. 31 2017,
United States Bankruptcy Judge for the Central District of
California, Neil Bason, granted the company's unopposed motion for
entry of final decree and also granted approval of the two
stipulations regarding payment of court-approved fees.  As a
result, the Imaging3 Chapter 11 proceeding is now closed -- the
company is no longer subject to the jurisdiction of the Bankruptcy
Court, and the case cannot be converted to a Chapter 7 proceeding.

Stated Dane Medley, president: "I would like to thank our
noteholders, our vendors, and all the financial and legal advisors
who worked tirelessly throughout this process.  We are now poised
to capitalize on the promising opportunities that lie ahead for
Imaging3."

Scott Pancoast, consultant to the company, said, "Dane Medley has
shepherded Imaging3 through an extremely difficult process these
last few years.  His leadership and courage, along with the
patience and support from many stakeholders, culminated in this
successful outcome. "

He continued, "One month ago, Imaging3 was a company mired in
bankruptcy, with twelve notes in default and an additional $1.5
million owed to various vendors.  It has since restructured its
notes, stretched out much of the vendor debt over three years, and
negotiated down (or paid off) the remainder vendor debt . . . . and
is now clear of the bankruptcy and all the related constraints.
This is an extraordinary accomplishment for Imaging3, as it can now
focus on leveraging its technology and building a business."

                        About Imaging3

Headquartered in Burbank, California, Imaging3, Inc.  (otcqb:IGNG)
-- http://www.imaging3.com/-- is a provider of advanced technology
medical imaging devices.  The Company has developed a breakthrough
medical imaging device that produces 3D medical diagnostic images
of virtually any part of the human body in real-time.  Because
these 3D images are instantly constructed in real-time, they can be
used for any current or new medical procedures in which multiple
frames of reference are required to perform medical procedures on
or in the human body.  The company was founded in 1993.

Imaging3 sought Chapter 11 protection (Bankr. C.D. Cal. Case No.
12-41206) on Sept. 13, 2012.  Brian L. Davidoff, Esq., at Greenberg
Glusker, in Los Angeles, serves as counsel.  The Debtor estimated
assets of $500,001 to $1,000,000 and liabilities of $10,000,001 to
$50,000,000.


INFILTRATOR WATER: Moody's Affirms B2 Corporate Family Rating
-------------------------------------------------------------
Moody's Investors Service affirmed the B2 Corporate Family Rating
("CFR") and a B2-PD Probability of Default Rating to Infiltrator
Water Technologies, LLC. Infiltrator announced that it will upsize
its first lien term loan by $100 million and use the proceeds to
repay its $100 million second lien term loan. As a result of
Infiltrator's debt capital structure being comprised primarily of
first lien term debt, Moody's downgraded the senior secured first
lien term loan to B2 from B1, consistent with the B2 CFR. Moody's
also downgraded the company's $40 million senior secured revolver
to B2 from B1. The Caa1 rating of the senior secured second lien
term loan remains unchanged and will be withdrawn upon closing of
the incremental first lien term loan. The rating outlook is
stable.

The following rating actions were taken:

Corporate Family Rating, affirmed at B2;

Probability of Default Rating, affirmed at B2-PD;

$40 million senior secured revolver, downgraded to B2, LGD4 from
B1, LGD3;

$341 million senior secured first lien term loan (including $100
million incremental term loan), downgraded to B2, LGD4 from B1,
LGD3;

$100 million senior secured second lien term loan, unchanged at
Caa1, to be withdrawn upon closing of the incremental first lien
term loan;

The rating outlook is stable.

RATINGS RATIONALE

Infiltrator's B2 Corporate Family Rating ("CFR") reflects its
strong market position in the onsite wastewater industry, strong
EBITA margins, modest free cash flow generation and large,
geographically diverse distribution network. Offsetting these
strengths are the company's small size, high debt leverage,
customer concentration, and volatility associated with single
family housing and commercial construction end markets. Moody's
expects the company's operating performance and key metrics to
improve as single family and commercial construction end markets
continue to recover, and as the adoption to plastic wastewater and
stormwater products from traditional concrete, stone and pipe
products gains momentum.

Infiltrator has a leading position in the septic leachfield
industry and is a leading provider of plastic chambers for
subsurface stormwater retention and detention systems. The
company's product line offers advantages over traditional
materials, including efficient and cost effective installation,
reduced drainfield footprint area, and design flexibility.
Infiltrator has a dedicated regulatory team which combines
engineering and regulatory management capabilities to drive new
product design, gain approval for new products, advance policy and
legislation for existing products, and maintain existing product
approvals. It has 77 active patents which mitigate competition.
Despite its strong market position, the Infiltrator is very small
compared to its rated peers.

EBITA margin is strong when compared to other manufacturing
companies. For the period ending October 2, 2016, EBITA margin was
23.6%. Moody's expects margins to remain strong in 2017.
Profitability is driven in large part by the use of recycled
materials and operating leverage through unit margin growth. In
addition to strong margins, free cash flow generation is supported
by the company's low annual maintenance capital expenditures. As a
result and absent a change in the competitive landscape, Moody's
expects EBITA margin to remain strong through economic cycles,
similar to margins the company sustained during the last
recession.

Infiltrator has over 1,300 distribution locations and 400
distribution locations through its relationship with Advanced
Drainage Systems ("ADS"). ADS is Infiltrator's largest customer,
representing approximately 25% of total revenue. Loss of its
relationship with ADS could negatively impact Infiltrator's
operating performance and financial condition.

Primary end markets served include single-family construction,
repair and remodel, and commercial construction which are
improving. Onsite wastewater solutions growth is closely correlated
with single-family home construction. Tanks and leachfield products
generally lag housing starts by approximately six months.
Infiltrator derives over 80% of its revenue from its wastewater
products, so any retraction in single family home starts foreshadow
weakening sales. Positively, replacement demand for leachfield
products is relatively stable due to the non-discretionary nature
of failing septic systems. Management estimates replacement of
leachfield installations represented approximately 40% to total
Infiltrator installations.

The stable rating outlook incorporates Moody's views that
Infiltrator's operating performance will remain strong consistent
with the stability of the company's key end markets. Operating
improvement, along with modest debt repayment, should lead to
improvement in the company's key credit metrics.

Moody's indicated that a ratings upgrade over the near-term would
be unlikely given Infiltrator's small size. Over the longer term,
the rating could be upgraded if the company continues to grow its
revenue base and market position, while end markets demonstrate
solid growth. In addition, Infiltrator would need to reduce its
single customer concentration. The company would also need to
reduce adjusted debt to EBITDA below 5.0x, grow its adjusted EBITA
margin in excess of 25% and generate solid free cash flow, all on a
sustainable basis.

The ratings could come under pressure should the company's adjusted
debt to EBITDA increase beyond 6.5x and adjusted EBIT to interest
expense declines below 1.7x for an extended period of time whether
due to weak operating performance, a change in the competitive
landscape or aggressive acquisition activity. Additional pressure
would occur if Infiltrator's EBITA margin declines below 17%.

The principal methodology used in these ratings was Global
Manufacturing Companies published in July 2014.

Infiltrator is a leading provider of engineered plastic chambers,
synthetic aggregate leachfields, tanks, and accessories of the
onsite wastewater and stormwater industries. In May 2015, Ontario
Teacher's Pension Plan ("OTPP" or the "Sponsor") purchased
Infiltrator for a total purchase price of $530 million. For the
year ended October 2, 2016, Infiltrator generated approximately
$224 million in total revenue.


INFILTRATOR WATER: S&P Lowers Rating on 1st-Lien Term Loan to 'B'
-----------------------------------------------------------------
S&P Global Ratings said it has lowered its issue-level rating on
U.S.-based Infiltrator Water Technologies LLC's first-lien term
loan due May 2022 to 'B' (the same as the corporate credit rating)
from 'B+'.  Infiltrator is increasing the amount of the term loan
to $345 million via a $100 million add-on from the previous
$245 million first-lien amount.  Infiltrator will use the debt
proceeds to repay in full its $100 million second-lien term loan
due May 2023, which will lead to an interest expense reduction of
approximately $5 million per year.

The downgrade of the first-lien term loan is due to reduced overall
recovery prospects given the $100 million increase in the term loan
amount.  At the same time, S&P revised the recovery rating on the
company's revolver facility and first-lien term loan to '3' from
'2', indicating S&P's expectation of meaningful (50% to 70%; higher
half of the range) recovery in the event of a payment default.

S&P's 'B' corporate credit rating and stable outlook on the company
are unchanged.

S&P expects Infiltrator's adjusted debt leverage to be about 4.7x
in the next 12 months.  S&P expects the company to maintain
adequate liquidity.

                        RECOVERY ANALYSIS

Key analytical factors

   -- S&P's enterprise value (EV) is based on a fixed charge proxy

      of $51 million, which includes default year interest,
      scheduled amortization, minimum capital expenditures, and a
      15% standard industry cyclicality adjustment.

   -- S&P estimates gross recovery value of $255.5 million,
      assuming an emergence EBITDA of $51 million and a 5x EBITDA
      multiple that is consistent with industry peers.

   -- All debt amounts include six months of prepetition accrued
      interest.

Simulated default assumptions
   -- Year of default: 2020
   -- Emergence EBITDA: $51 million
   -- Valuation multiple: 5x
   -- Gross EV: $226 million

Simplified waterfall
   -- Obligor EV split: Domestic (94%, $240.1 million)/Foreign
      subsidiaries (6%, $51.3 million)
   -- Net EV: $228 million (after 5% administrative expenses)
   -- Collateral value available for first-lien debt: $238 million
   -- First-lien debt claims: $379 million (includes revolver and
      term loan outstanding at default)
      -- Recovery (50%-70%)
   -- Collateral value available for second-lien debt: $0
     -- Recovery (0%-10%)

Ratings List

Infiltrator Water Technologies LLC
Corporate Credit Rating                       B/Stable/--

Rating Lowered; Recovery Rating Revised
                                               To           From
Infiltrator Water Technologies LLC
$345 mil first-lien term loan due May 2022*   B            B+
  Recovery Rating                              3H           2H

*Includes proposed $100 million add-on.



INTELLIPHARMACEUTICS INT'L: FDA Accepts for Filing NDA for Rexista
------------------------------------------------------------------
Intellipharmaceutics International Inc. has accepted for filing the
Company's previously-announced New Drug Application seeking
authorization to market its RexistaTM 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 FDA has determined
that the Company's application is sufficiently complete to permit a
substantive review, and has set a target action date under the
Prescription Drug User Fee Act of Sept. 25, 2017.

RexistaTM is indicated for the management of pain severe enough to
require daily, around-the-clock, long-term opioid treatment and for
which alternative treatment options are inadequate.  The submission
is supported by pivotal pharmacokinetic studies that demonstrated
that RexistaTM is bioequivalent to OxyContin (oxycodone
hydrochloride extended release).  The submission also includes
abuse-deterrent studies conducted to support abuse-deterrent label
claims related to abuse of the drug by various pathways, including
oral, intra-nasal and intravenous, having reference to the FDA's
"Abuse-Deterrent Opioids — Evaluation and Labelling" guidance
published in April 2015.

The abuse-deterrent properties incorporated into RexistaTM are
designed to make the product unlikable and discourage or make it
more difficult to manipulate for the purpose of abuse or misuse via
common routes of administration including: ingestion following
chewing, licking or crushing; insufflation; inhalation; or
injection.  If approved, RexistaTM may be the only abuse-deterrent
oxycodone product with properties that may provide early warning of
drug abuse if the product is manipulated or abused.  The Company
previously announced the results of a food effect study which
showed that RexistaTM can be administered with or without a meal
(i.e., no food effect), providing another point of differentiation
from currently marketed oral oxycodone extended release products.

The CEO of Intellipharmaceutics, Dr. Isa Odidi, said, "The
acceptance of filing of our NDA for RexistaTM represents an
important step towards the commercialization of a potentially
best–in-class abuse-deterrent oxycodone hydrochloride extended
release product.  We look forward to working with the FDA during
their review of our NDA submission."

There can be no assurance that the Company will not be required to
conduct further studies for RexistaTM, that the FDA will ultimately
approve the NDA for the sale of RexistaTM in the U.S. market, or
that it will ever 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.


INTRALINKS INC: S&P Raises CCR to 'BB-', Off CreditWatch Negative
-----------------------------------------------------------------
S&P Global Ratings raised its corporate credit rating on IntraLinks
Inc. to 'BB-' from 'B+' and removed the rating from CreditWatch,
where it had been placed with negative implications on Dec. 7,
2016.  S&P then withdrew its ratings on IntraLinks' debt and
subsequently withdrew S&P's corporate credit rating on IntraLinks.
At the time of the withdrawal, the outlook was stable.

The rating withdrawal follows the closing of Bridgewater,
N.J.-based Synchronoss Technologies Inc.'s acquisition of New York
City-based IntraLinks.

"IntraLinks will be fully integrated into Synchronoss' operations,
and accordingly we have equalized our corporate credit rating on
Intralinks with our rating on Synchronoss," said S&P Global Ratings
credit analyst Geoffrey Wilson.  "In addition, due to a
change-of-control provision in IntraLinks' credit agreement, all
existing IntraLinks debt was repaid, so we are withdrawing all
ratings on IntraLinks," Mr. Wilson added.



IOWA HEALTHCARE: Committee Hires Cutler as Associate Counsel
------------------------------------------------------------
The Offical Committee of Unsecured Creditors of Central Iowa
Healthcare, seeks authorization from the U.S. Bankruptcy Court for
the Southern District of Iowa to retain Cutler Law Firm, P.C. as
associate counsel to the Committee.

The Committee requires Cutler to work as associate counsel of
Pepper Hamilton LLP.  Cutler's responsibilities include to:

   a. administer the bankruptcy case and exercise oversight with
      respect to the Debtor's affairs, including all issues in
      connection with the Debtors, the Committee or the Chapter
      11 Case;

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

   c. appear in court, participate in litigation as a party-in-
      interest, and attend at meetings to represent the interests
      of the Committee;

   d. communicate with the Committee's constituents and others at
      the direction of the Committee in furtherance of its
      responsibilities, including, to provide communications
      required under section 1102 of the Bankruptcy Code; and

   e. perform all of the Committee's duties and powers under the
      Bankruptcy Code and the Bankruptcy Rules and perform such
      other services as are in the interests of those represented
      by the Committee.

Cutler will be paid at the hourly rate of $285.

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

Robert C. Gainer, member of Cutler Law Firm, P.C., assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and (a) are not
creditors, equity security holders or insiders of the Debtor; (b)
have not been, within two years before the date of the filing of
the Debtor's chapter 11 petition, directors, officers or employees
of the Debtor; and (c) do not have an interest materially adverse
to the interest of the estate or of any class of creditors or
equity security holders, by reason of any direct or indirect
relationship to, connection with, or interest in, the Debtor, or
for any other reason.

Cutler can be reached at:

     Robert C. Gainer, Esq.
     CUTLER LAW FIRM, P.C.
     1307 50th St.
     West Des Moines, IA 50266
     Tel: (515) 223-6600

                About Central Iowa Healthcare

Central Iowa Healthcare, formerly doing business as Marshalltown
Medical Surgical Center, is a not-for-profit corporation formed
under the laws of the State of Iowa, and is tax exempt pursuant to
Section 501(c)(3) of the Internal Revenue Code. It is governed by a
14-member Board of Trustees of which two members serve on an
ex-officio basis.

CIH operates a community hospital in Marshalltown, Iowa, which is
located between Des Moines and Cedar Rapids. Its 49-bed, acute care
facility is the only full-service medical center in the area.

CIH is the sixth largest employer in Marshalltown. According to
U.S. Census 2015 data, Marshalltown's population is estimated at
27,620 and a median income of $50,396.

Declining revenues over the past several years have placed a
considerable financial strain on CIH and led to uncertainty about
the hospital's ability to continue as a going concern.

CIH sought Chapter 11 protection (Bankr. S.D. Iowa Case No.
16-02438) on Dec. 20, 2016.  The petition was signed by Dawnett
Willis, acting CEO.  The Debtor disclosed $81.91 million total
assets and $20.02 million total liabilities.

The case is assigned to Judge Anita L. Shodeen. The Debtor hired
Bradshaw,Fowler, Proctor & Fairgrave, P.C. as its legal counsel,
and Alvarez & Marsal Healthcare Industry Group, LLC as its
financial advisor. The Debtor engaged Andy Wang, Esq., at Wang
Kobayashi Austin, LLC as special counsel.

The U.S. Trustee for the Southern appointed Susan N. Goodman as the
patient care ombudsman for CIH.

On Dec. 28, 2016, the U.S. Trustee appointed an official committee
of unsecured creditors. The Official Committee is represented by
Francis J. Lawall, Esq., at Pepper Hamilton LLP.



ISIGN SOLUTIONS: Stockholders Elect Seven Directors
---------------------------------------------------
iSign Solutions Inc. held its 2016 Annual Meeting of Stockholders
on Jan. 30, 2017, at which the stockholders:

  (i) elected Philip S. Sassower, Michael W. Engmann, Andrea
      Goren, David E. Welch, Stanley Gilbert, Jeffrey Holtmeier
      and Francis Elenio as directors;

(ii) approved an increase in the number of shares available for
      future grant in the Company's 2011 Stock Compensation Plan;

(iii) approved the Amended and Restated Certificate of
      Incorporation to decrease the authorized shares of common
      stock;

(iv) approved the Amended and Restated Certificate of
      Incorporation to decrease the authorized shares of preferred
      stock; and

  (v) ratified the appointment of Armanino LLP as the Company's
      independent auditors for the year ended Dec. 31, 2016.

As of Dec. 16, 2016, the record date for the 2016 Annual Meeting,
the Company had 5,762,644 shares of Common Stock outstanding.

                        About iSign

iSIGN (formerly known as Communication Intelligence Corporation or
CIC) -- http://www.isignnow.com/-- is a provider of digital
transaction management (DTM) software enabling fully digital
(paperless) business processes.  iSIGN's solutions encompass a wide
array of functionality and services, including electronic
signatures, simple-to-complex workflow management and various
options for biometric authentication.  These solutions are
available across virtually all enterprise, desktop and mobile
environments as a seamlessly integrated software platform for both
ad-hoc and fully automated transactions.  iSIGN's software platform
can be deployed both on-premise and as a cloud-based service, with
the ability to easily transition between deployment models.  iSIGN
is headquartered in Silicon Valley.  iSIGN's logo is a trademark of
iSIGN.

iSign Solutions reported a net loss attributable to common
stockholders of $7.61 million on $1.62 million of revenue for the
year ended Dec. 31, 2015, compared to a net loss attributable to
common stockholders of $7.37 million on $1.51 million of revenue
for the year ended Dec. 31, 2014.

As of June 30, 2016, iSign had $1.20 million in total assets, $3.13
million in total liabilities, and a total deficit of $1.93
million.

Armanino LLP, in San Ramon, California, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company's significant
recurring losses and accumulated deficit raise substantial doubt
about its ability to continue as a going concern.


J L LEASING: Trustee Taps Bennington & Moshofsky as Accountants
---------------------------------------------------------------
Russell D. Garrett, Chapter 11 Trustee, J L  Leasing and
Transportation, Inc., seeks permission from the U.S. Bankruptcy
Court for the Western District of Washington at Seattle to retain
Bennington & Moshofsky, P.C. as accountants for the estate.

Although debtor previously retained Bashey, Hutchinson & Walter,
PLLC, they do not appear to have much experience in bankruptcy
matters and they have proven to be extremely expensive.

Services expected from the Bennington are:

     a. To review the Debtor's both pre-petition and post-petition
where necessary to assist the Chapter 11 Trustee in completing his
duties;

     b. To assist in calculating tax consequences of sales of
assets;

     c. To assist the Trustee in calculation of amounts owed
various claimants where necessary;

     d. To prepare periodic statements as may be required by the
Trustee and the US Trustee;

     e. To prepare and file income tax returns as required,
including 2016 and 2017 returns at the very least and if necessary
or helpful, forensic accounting; and

     f. For such other services as the Trustee may reasonable
require.

Current hourly rates for the accountants are:

     Judith V. Bennington   $240
     Stephen P Moshofsky    $240
     Lai Wa Ng              $210
     Inna L. Schtokh        $180
     Kenneth M. Bakondi     $180
     Kim E Nordling         $110
     Trudy E. Bradetich     $75
     Tara Montgomery        $65

Costs to be charge at customary rate, including travel, long
distance telephone, photo, facsimile, and other out-of-pocket
charges.

Mr. Garrett assures the Court that Bennington & Moshofsky, P.C. has
no connections with the debtor, creditors any other party in
interest or their respective attorneys or accountants, the United
States Trustee, or any person employed in the office of the United
States Trustee and are disinterested persons as that term is
defined in 11 U.S.C. Section 101(4).

The Firm can be reached through:

     Judith V. Bennington
     Stephen P Moshofsky
     BENNINGTON & MOSHOFSKY PC
     4800 SW Griffith Drive, Suite 350
     Beaverton, OR 97005
     Tel: 503-641-2600
     Fax: 503-526-9696
     Email:  judith@cpaoregon.com

                                About J L Leasing

J L Leasing & Transportation is a trucking company, incorporated in
Washington on Dec. 13, 2001 and it is headquartered in Enumclaw,
Washington. Prior to that time the business was a sole
proprietorship operated by Frank Letourneau's father and mother
since approximately 1993.  J L Leasing's primary trucking
activities are in the state of Washington including container
shipping for companies importing and exporting goods through the
ports of Washington, Oregon and British Columbia, and transporting
produce and other commodities in Washington, Oregon and British
Columbia.

J L Leasing & Transportation sought Chapter 11 protection (Bankr.
W.D. Wash. Case No. 15-13813) on June 23, 2015. The petition was
submitted by Jutta Letourneau, CEO and Sole Member Board of
Directors. The Debtor estimated assets in the range of $0 to
$50,000 and $500,000 to $1,000,000 in debt. Lasher Holzapfel Sperry
& Ebberson PLLC serves as counsel.


J&J TILE: Hires Ferrentino & Associates as Accountant
-----------------------------------------------------
J&J Tile, Inc., seeks authority from the U.S. Bankruptcy Court for
the District of New Jersey to employ Ferrentino & Associates as
accountant to the Debtor.

J&J Tile requires Ferrentino to:

   a. prepare all state and federal tax returns; and

   b. assist the Debtor in the preparation of all required
      monthly operating reports and financial statements.

Ferrentino will be paid at these hourly rates:

     Partners                    $250
     Senior Support Staff        $150
     Accountants                 $115
     Bookkeeper                  $75

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

Gary Ferrentino, member of Ferrentino & Associates, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Ferrentino can be reached at:

     Gary Ferrentino
     FERRENTINO & ASSOCIATES
     949 S Coast Drive 250
     Costa Mesa, CA 92626
     Tel: (714) 973-2024

                About J&J Tile, Inc.

J&J Tile, Inc., filed a Chapter 11 bankruptcy petition (Bankr.
D.N.J. Case No. 17-11318) on January 23, 2017, disclosing under $1
million in both assets and liabilities. The Debtor is represented
by John D. Horowitz at Horowitz Law Group, PLLC.  The Debtor also
hired Carkhuff & Radmin, P.C. as counsel, and Ferrentino &
Associates as accountant.


J&J TILE: Hires Horowitz Law as Labor Counsel
---------------------------------------------
J&J Tile, Inc., seeks authority from the U.S. Bankruptcy Court for
the District of New Jersey to employ Horowitz Law Group, PLLC as
special counsel to the Debtor.

J&J Tile requires Horowitz to facilitate the resolution of the
issues involving labor unions and their relationship to the
Debtors.

Horowitz will be paid at the hourly rate of $375.  Horowitz will
also be reimbursed for reasonable out-of-pocket expenses incurred.

John D. Horowitz, member of Horowitz Law Group, PLLC, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Horowitz can be reached at:

     John D. Horowitz, Esq.
     HOROWITZ LAW GROUP, PLLC
     61 Broadway 2125
     New York, NY 10006
     Tel: (212) 920-4503

                About J&J Tile, Inc.

J&J Tile, Inc., filed a Chapter 11 bankruptcy petition (Bankr.
D.N.J. Case No. 17-11318) on January 23, 2017, disclosing under $1
million in both assets and liabilities. The Debtor is represented
by John D. Horowitz at Horowitz Law Group, PLLC.   The Debtor also
hired Carkhuff & Radmin, P.C. as counsel, and Ferrentino &
Associates as accountant.


J.G. NASCON: Selling Equipment for $20K
---------------------------------------
J.G. Nascon, Inc., asks the U.S. Bankruptcy Court for the Eastern
District of Pennsylvania to authorize the sale of equipment for
$29,600.

The Debtor is a heavy and highway construction property located in
Eddystone, Pennsylvania, providing full-service site contracting to
the tri-state region.  As of the Filing Date, the Debtor has
approximately 25 employees.

The Debtor is seeking to sell these Equipment:

   a. 1999 Ford Water Truck with serial number 3FENF8015XMA17046
purchased from Waeco Equipment on June 18, 2009 (advertised sale
price is $10,000);

   b. Trench Roller with serial number 3998134 purchased from
Norris Sales on April 12, 2000 (advertised sale price is $4,900);

   c. Rock Box - 7 yard purchased from Norris Sales on Nov. 1, 2011
(advertised sale price is $4,900);

   d. Brush cutter with serial number 282682 purchased from
Plasterer Equipment on Sept. 30, 2011 (advertised sale price is
$4,900); and

   e. Broom Attachment for a Skid Steer (advertised sale price is
$4,900).

As of the Filing Date, the Debtor owned, and continues to own, the
Equipment.  Through continued efforts of the Debtor, the Debtor is
marketing the Equipment and is seeking a total amount of $29,600.
The Debtor does not currently have a buyer for any of the
Equipment.

The Debtor intends to negotiate and finalize bills of sale prior to
the Sale Hearing requested and submits the same for approval.  The
terms will be "as-is" "where-is."  The sale proceeds will assist
the Debtor in its reorganization efforts.

The Debtor avers that, with the sale of the Equipment, as currently
advertised, the Debtor will benefit the estate by adding additional
monies to the estate which is necessary for reorganization.
Accordingly, the Debtor asks the Court to approve the sale of the
Equipment free and clear of all liens, claims, encumbrances, and
other interests.

                  About J.G. Nascon

J.G. Nascon, Inc. is a heavy and highway construction property
located in Eddystone, Pennsylvania, providing full-service site
contracting to the tri-state region.  As of Dec. 4, 2015, the
company has approximately 25 employees.

J.G. Nascon, Inc., sought Chapter 11 protection (Bankr. E.D. Pa.
Case No. 15-18704) on Dec. 4, 2015, in Philadelphia.  The Debtor
tapped Albert A. Ciardi, III, Esq., and Jennifer E. Cranston,
Esq., at Ciardi Ciardi & Astin, P.C., as attorneys.  The Debtor
estimated $1 million to $10 million in assets and debt.


JAMUL INDIAN: S&P Lowers ICR to 'B-', On CreditWatch Negative
-------------------------------------------------------------
S&P Global Ratings said it lowered its ratings, including its
issuer credit rating, on Jamul, Calif.-based Jamul Indian Village
Development Corp. (JIVDC) to 'B-' from 'B' and placed them on
CreditWatch with negative implications.

"The downgrade and CreditWatch listing reflect our belief that
there is an increasing likelihood that EBITDA in the first full
year of operations may not ramp up to a level that fully covers
cash fixed charges (including interest expense, amortization,
priority distributions to the tribe, and modest maintenance capital
expenditures)," said S&P Global Ratings credit analyst Ariel
Silverberg.

As a result, S&P believes that Jamul's liquidity position could be
impaired if EBITDA generation and cash balances are insufficient
over the next few quarters to fully cover cash needs.  S&P expects
EBITDA generation in the first full year of operations will be
meaningfully lower than S&P's prior forecast partly because of
aggressive marketing and promotional activity by existing nearby
competitors that is resulting in lower than expected visitation to
Hollywood Casino Jamul.

S&P expects to resolve the CreditWatch listing once it has
sufficient information to assess JIVDC's liquidity position and its
ability to ramp up cash flow generation to a level sufficient to
meet its cash fixed charges.  S&P also plans to evaluate JIVDC's
plans to address a potential covenant violation with its lending
group prior to the first measurement date.



JEEA LLC: Seeks to Hire Van Horn Law Group as Counsel
-----------------------------------------------------
JEEA LLC seeks permission from the U.S. Bankruptcy Court for the
Southern District of Florida, West Palm Division, to employ Chad T.
Van Horn, Esq. and the law firm Van Horn Law Group, Inc. to
represent the Debtor in the Chapter 11 case nunc pro tunc January
31, 2017.

The professional services the attorney will render are:

     a. To give advice to the Debtor with respect to its powers and
duties as a Debtor-in-Possession and the continued management of
its financial matters and business operations;

     b. To advise the Debtor with respect to its responsibilities
in complying with the U.S. Trustee's Operating Guidelines and
Reporting Requirements and with the rules of the court;

     c. To prepare motions, pleadings, orders, applications,
adversary proceeding and other legal documents necessary in the
administration of the case;

     d. To protect the interest of the Debtor in all matters
pending before the Court; and

     e. To represent the Debtor in negotiations with its creditors
in the preparation of a plan.

Chad T. Van Horn, Esq., attests that neither he nor the firm
represent any interest adverse to the Debtor or the estate, and
they are disinterested persons as required by 11 U.S.C. Section
327(a).

The Firm's hourly rates are:

     Chad Van Horn             $400
     Jay Molluso               $350
     Associates                $300
     Lead Paralegal            $185
     Paralegals and Law Clerks $175

The Firm can be reached through:

     Chad T. Van Horn, Esq.
     VAN HORN LAW GROUP INC
     330 N. Andrews Ave., Suite 450
     Fort LAuderdale, FL 33301
     Tel: (954) 765-3166
     Email: Chad@cvhlawgroup.com
                                     
                               About JEEA LLC

JEEA LLC, headquartered at Boca Raton, FL, is a single asset real
estate broker. THe Debtor filed a voluntary petition under chapter
11 of the U.S. Bankruptcy Code on January 21, 2017 (Bankr S.D. Fla.
Case No. 17-11255). The petition was signed by Jacob Eyal,
president.

The Debtor is represnted by Chad T Van Horn, Esq. of Van Horn Law
Group, P.A. The case is assignged to Judge Paul G. Hyman, Jr.

At the time of filing, the Debtor estimated $0 to $50,000 in assets
and $1 million to $10 million in liabilities.


JPS COMPLETION: Hires Adamson & Company as Accountant
-----------------------------------------------------
JPS Completion Fluids, Inc., seeks authority from the U.S.
Bankruptcy Court for the Western District of Texas to employ
Adamson & Company, LLC as accountant to the Debtor.

JPS Completion requires Adamson & Company to:

   a. prepare the 2016 W2 and 1099 forms including electronic
      filing;

   b. prepare the payroll (941, 940 & TWC) forms for 2nd-4th
      quarters; and

   c. prepare the 2016 Federal Income Tax Return & 2017 Franchise
      Tax Return.

Adamson & Company will be paid a retainer in the amount of
$10,500.

The Debtor owed Adamson & Company a pre-petition claim in the
amount of $2,235.

Adamson & Company will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Austin Adamson, member of Adamson & Company, LLC, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

Adamson & Company can be reached at:

     Austin Adamson
     ADAMSON & COMPANY, LLC
     701 Ayers St.
     Corpus Christi, TX 78404
     Tel: (361) 887-8916
     Fax: (261) 884-9576

            About JPS Completion Fluids, Inc.

JPS Completion Fluids, Inc., a domestic corporation with principal
place of business in Mathis, San Patricio County, Texas, provided
chemicals and other completion fluids for the oil and gas
industry.

JPS sought Chapter 11 protection (Bankr. W.D. Tex. Case No.
16-51110) on May 11, 2016. The petition was signed by Sergio Garza,
vice president. Judge Craig A. Gargotta is assigned to the case.
The Debtor estimated assets and liabilities of $1 million to $10
million.

Nathaniel Peter Holzer, Esq., at the Jordan Hyden Womble Culbreth &
Holzer PC, serves as the Debtor's counsel.

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


KEMET CORP: BlackRock Reports 5% Equity Stake as of Dec. 31
-----------------------------------------------------------
BlackRock, Inc. disclosed in a Schedule 13G filed with the
Securities and Exchange Commission that as of Dec. 31, 2016, it
beneficially owns 2,325,574 shares of common stock of KEMET Corp.
representing 5 percent of the shares outstanding.  A full-text copy
of the regulatory filing is available for free at:

                     https://is.gd/sFoGCy

                         About KEMET

KEMET, based in Greenville, South Carolina, is a manufacturer and
supplier of passive electronic components, specializing in
tantalum, multilayer ceramic, film, solid aluminum, electrolytic,
and paper capacitors.  KEMET's common stock is listed on the NYSE
under the symbol "KEM."

KEMET reported a net loss of $53.6 million on $735 million of net
sales for the fiscal year ended March 31, 2016, compared with a
net loss of $14.1 million on $823 million of net sales for the
fiscal year ended March 31, 2015.

As of Sept. 30, 2016, Kemet Corp had $677.0 million in total
assets, $594.1 million in total liabilities and $82.88 million in
total stockholders' equity.

                           *     *     *

KEMET carries a 'Caa1' corporate family rating, with stable
outlook, from Moody's and a 'B-' issuer credit rating with stable
outlook from Standard and Poor's.


KEMET CORP: Tocqueville Asset Owns 1.6% Equity Stake as of Dec. 31
------------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Tocqueville Asset Management L.P. disclosed that as of
Dec. 31, 2016, it beneficially owns 1.6% equity stake in KEMET
Corp.  A full-text copy of the regulatory filing is available at
https://is.gd/N9lWtl

                            About KEMET

KEMET, based in Greenville, South Carolina, is a manufacturer and
supplier of passive electronic components, specializing in
tantalum, multilayer ceramic, film, solid aluminum, electrolytic,
and paper capacitors.  KEMET's common stock is listed on the NYSE
under the symbol "KEM."

KEMET reported a net loss of $53.6 million on $735 million of net
sales for the fiscal year ended March 31, 2016, compared with a
net loss of $14.1 million on $823 million of net sales for the
fiscal year ended March 31, 2015.

As of Sept. 30, 2016, Kemet Corp had $677.0 million in total
assets, $594.1 million in total liabilities and $82.88 million in
total stockholders' equity.

                            *     *     *

KEMET carries a 'Caa1' corporate family rating, with stable
outlook, from Moody's and a 'B-' issuer credit rating with stable
outlook from Standard and Poor's.


LATITUDE 360: Ch. 11 Trustee Hires Gillis Way as Counsel
--------------------------------------------------------
Mark C. Healy, the Chapter 11 Trustee of Latitude 360, Inc., seeks
authority from the U.S. Bankruptcy Court for the Middle District of
Florida to employ Gillis Way & Campbell as counsel to the Trustee.

The Trustee requires Gillis to:

   a. assist and advise the Chapter 11 Trustee in the
      investigation of potential causes of action and preparation
      of pleadings and motions necessary to the effective
      administration of the estate, including, but not limited to
      the preparation of a plan, disclosure statement and related
      documents for submission to this Court and to the alleged
      Debtor's creditors, equity security holders and other
      parties in interest;

   b. assist and advise the Chapter 11 Trustee with negotiations
      and other dealings with creditors of the estate, the
      alleged Debtor's past and present officers and directors,
      and other parties in interest regarding the administration
      of the estate;

   c. advise the Chapter 11 Trustee of his rights, duties and
      obligations as Chapter 11 Trustee under the Bankruptcy
      Code, the Federal Rules of Bankruptcy Procedure, the Local
      Rules and orders issued by this Court;

   d. assist and advise the Chapter 11 Trustee on legal strategy
      to maximize the value of the estate;

   e. assist and advise the Chapter 11 Trustee with respect to
      litigation, including, but not limited to avoidance
      proceedings; and

   f. take any and all other action necessary to the
      representation of the Chapter 11 Trustee in the
      administration of this case.

Gillis will be paid a contingency fee of 33 1/3% of all recovery
from the D&O Policy, claims against the officers, directors or
other professionals, or through the recovery of fraudulent
transfers or other recovery options.

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

Catrina H. Markwaler, member of Gillis Way & Campbell, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

Gillis can be reached at:

     Catrina H. Markwaler, Esq.
     GILLIS WAY & CAMPBELL
     1022 Park Street, Suite 308
     Jacksonville, FL 32204
     Tel: (904) 647-6476
     Fax: (904) 738-8640
     E-mail: cmarkwalter@gillisway.com

                About Latitude 360, Inc.

Three creditors of Latitude 360, Inc. -- fka Latitude Global, Inc.
and fka Latitude Global Acquisition Corp. -- filed an involuntary
Chapter 11 bankruptcy petition against the Jacksonville, Fla.-based
company (Bankr. M.D. Fla. Case No. 17-00086) on January 10, 2017.
The petitioning creditors are TBF Financial, LLC, which listed a
$68,955 judgment claim; Dex Imaging, Inc., which asserts a $207,291
judgment claim; and N. Robert Elson, Trustee of the N. Robert Elson
Trust of 1996, dated March 18, 1996, which listed a $33,697
judgment claim.  The petitioning creditors are represented by
Catrina Humphrey Markwalter, Esq., at Gillis Way & Campbell LLP as
counsel.

At the behest of the petitioning creditors, the Court entered an
order appointing Mark C. Healy as Chapter 11 counsel.  The Chapter
11 Trustee has retained Gillis Way & Campbell as counsel; and
Michael Moecker and Associates, Inc. as financial advisors.


LIME ENERGY: To Effect a 1-for-300 Reverse Stock Split
------------------------------------------------------
A special meeting of stockholders of Lime Energy Co. was held on
Jan. 31, 2017, at which the holders of the Company's common stock
and the holders of the Company's Series C preferred stock voted on
proposed amendments to the Company's Certificate of Incorporation
intended to enable the Company to reduce the number of record
holders of the Common Stock, so as to allow the Company to
terminate registration of the Common Stock under Section 12(g) of
the Securities Exchange Act of 1934, as amended.  Terminating such
registration will allow the Company to suspend its reporting
obligations under the Exchange Act and thereby eliminate the
significant tangible and intangible costs of being a reporting
company under the Exchange Act.

Specifically, the stockholders:

   (1) authorized the amendment of the Company's Certificate of
       Incorporation to effect a reverse stock split of the
       Company's outstanding shares of Common Stock at a ratio of
       1-for-300;

   (2) authorized the amendment of the Company's Certificate of
       Incorporation to effect a reverse stock split of the
       Company's outstanding shares of Common Stock at a ratio of
       1-for-500:

   (3) authorized the amendment of the Company's Certificate of
       Incorporation to effect a reverse stock split of the
       Company's outstanding shares of Common Stock at a ratio of
       1-for-1,000; and

   (4) authorized the amendment of the Company's Certificate of
       Incorporation to effect a forward stock split of the
       Company's outstanding shares of Common Stock at a ratio of
       300-for-1 (only if Option 1 is implemented), 500-for-1
      (only if Option 2 is implemented), or 1,000-for-1 (only if
       Option 3 is implemented).

Immediately following the Special Meeting, the Board of Directors
of the Company met and determined to implement a reverse stock
split of the Company's outstanding shares of Common Stock at a
ratio of 1-for-300, immediately followed by a forward stock split
of the Company's outstanding shares of Common Stock at a ratio of
300-for-1, and authorized the filing of the proposed amendments to
the Company's Certificate of Incorporation with the Secretary of
State of Delaware to effect the Reverse Stock Split and the Forward
Stock Split.  Each stockholder of record owning fewer than 300
shares of Common Stock immediately prior to the effective time of
the Reverse Stock Split (6:00 p.m. on Feb. 10, 2017) will receive a
cash payment equal to the greater of (A) $2.49 and (B) the average
closing market price over the 10-day period ending on
Feb. 10, 2017 (subject to any applicable U.S. federal, state and
local withholding tax), without interest, per pre-split share. Each
stockholder of record owning at least 300 shares of Common Stock
immediately prior to the effective time of the Reverse Stock Split
will continue to hold the same number of shares of Common Stock
after completion of the Reverse Stock Split and the Forward Stock
Split.

                       About Lime Energy

Headquartered in Huntersville, North Carolina, Lime Energy Co. --
http://www.lime-energy.com/-- is engaged in planning and
delivering clean energy solutions that assist its clients in their
energy efficiency and renewable energy goals.  The Company's
solutions include energy efficient lighting upgrades, energy
efficient mechanical and electrical retrofit and upgrade services,
water conservation, building weatherization, on-site generation
and renewable energy project development and implementation.  The
Company provides energy solutions across a range of facilities,
from high-rise office buildings, distribution facilities,
manufacturing plants, retail sites, multi-tenant residential
buildings, mixed use complexes, hospitals, colleges and
universities, government sites to small, single tenant facilities.

Lime Energy reported a net loss available to common stockholders of
$4.44 million on $113 million of revenue for the year ended Dec.
31, 2015, compared to a net loss available to common stockholders
of $5.60 million on $58.8 million of revenue for the year ended
Dec. 31, 2014.

As of Sept. 30, 2016, Lime Energy had $49.72 million in total
assets, $42.87 million in total liabilities, $11.78 million in
contingently redeemable series C preferred stock, and a total
stockholders' deficit of $4.93 million.


LOVE GRACE: U.S. Trustee Forms 3-Member Committee
-------------------------------------------------
Henry Hobbs, Jr., acting U.S. trustee for Region 5, on Feb. 6
appointed three creditors of Love Grace Holdings, Inc., to serve on
the official committee of unsecured creditors.

The committee members are:

     (1) GGP Limited Partnership
         Attn: Julie Minnick Bowden
         110 North Wacker Dr.
         Chicago, IL 60606

     (2) Intex Flooring, LLC
         Attn: Scott Beckham and Michael Coffey
         15825 State Hwy. 249, Suite 24
         Houston, TX 77086

     (3) Douglas Kampen
         8202 S. Harts Mill Lane
         Baton Rouge, LA 70808

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense. They may investigate the debtor's business and financial
affairs. Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.

                    About Love Grace Holdings

Love Grace Holdings, Inc., doing business as Apricot Lane and Blu
Spero Boutique, operates a series of retail clothing outlets in
malls.  The locations are in Florida, Alabama, Louisiana and
Mississippi.

Love Grace Holdings filed a chapter 11 petition (Bankr. M.D. La.
Case No. 17-10057) on Jan. 20, 2017.  The petition was signed by
Arthur A. Lancaster, Jr., president and sole shareholder.  The case
is assigned to Judge Douglas D. Dodd.  The Debtor estimated assets
and liabilities at $1 million to $10 million.

The Debtor is represented by Greta M. Brouphy, Esq., and Douglas S.
Draper, Esq., at Heller, Draper, Patrick, Horn & Dabney, LLC.


LUKE'S LOCKER: Taps Franklin Hayward as General Bankruptcy Counsel
------------------------------------------------------------------
Luke's Locker Incorporated, 2L Austin, LLC and The Quality
Lifestyle I, Ltd. seek permission from the U.S. Bankruptcy Court
for the Eastern District of Texas, Sherman Division, to employ
Franklin Hayward LLP as general bankruptcy counsel to perform the
legal services that will be necessary during these Bankruptcy
Cases. The Debtors have been informed that Melissa S. Hayward will
act as lead F&H counsel for the Debtors in the Bankruptcy Case.

F&H was retained by the Debtors on January 21, 2017 to assist the
Debtors in preparing to file their respective voluntary bankruptcy
petitions. The Debtors paid $50,000 as a retainer to F&H, and F&H
withdrew $20,446.00 from the Debtors' retainer pre-petition to pay
for its prepetition services rendered to the Debtors, including
filing fees. The remaining retainer amount will be held as security
against post-petition fees and expenses, as approved by orders of
the Court.

The current hourly rates being charged for paralegals and attorneys
of F&H are:

       Professional      Hourly Rate
     Melissa Hayward       $400.00
     Associates            $275.00 - $300.00
     Paralegal             $150.00

Melissa S. Hayward, a partner in the law firm of Franklin Hayward,
LLP, attests that F&H is a "disinterested person" as that term is
defined in Section 101(14) of the Bankruptcy Code.

The Firm can be reached through:

     Melissa Hayward
     FRANKLIN HAYWARD LLP
     10501 N. Central Expy., Ste. 106
     Dallas, TX 75231
     Tel: 972-755-7100
     Fax: 972-755-7110
     Email: mhayward@franklinhayward.com

                            About Luke's Locker Incorporated

Luke's Locker Incorporated, owner of Luke's Locker fitness and
running stores in Texas, sought Chapter 11 protection (Bankr. D.
Tex. Case No. 17-40126) on Jan. 24, 2017.  The petition was signed
by Matthew Lucas, president and CEO.  The case judge is the Hon.
Brenda T. Rhoades.  Melissa S. Hayward, Esq., at Franklin Hayward
LLP, in Dallas, serves as the Debtor's counsel.  The Debtor
estimated $1 million to $10 million in assets and liabilities.


LULING LONGHORN: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: Luling Longhorn LLC
        3100 Richmond Ave. Suite 401
        Houston, TX 77098

Case No.: 17-30808

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: February 6, 2017

Court: United States Bankruptcy Court
       Southern District of Texas (Houston)

Judge: Hon. Jeff Bohm

Debtor's Counsel: Kevin M Madden, Esq.
                  THE LAW OFFICES OF KEVIN MICHAEL MADDEN PLLC
                  5225 Katy Freeway, Ste 520
                  Houston, TX 77007
                  Tel: 281-888-9681
                  Fax: 832-538-0937
                  E-mail: kmm@kmaddenlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Willis J. Pumphrey, manager.

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/txsb17-30808.pdf


MAPLE HEIGHTS, OH: Moody's Confirms B3 Rating on GOLT Bonds
-----------------------------------------------------------
Moody's Investors Service has confirmed the B3 rating on the City
of Maple Heights, OH's outstanding general obligation limited tax
(GOLT) bonds. The rating is the same as Moody's internal assessment
of the city's hypothetical general obligation unlimited tax rating.
The lack of notching reflects the full faith and credit nature of
the city's GOLT pledge and the availability of all general
operating revenue to pay debt service. Concurrently, a stable
outlook has been assigned.

This action concludes a review undertaken in conjunction with the
publication on December 19, 2016 of the US Local Government General
Obligation Debt Methodology.

The B3 rating incorporates the city's improving but still very weak
financial position and the operating vulnerabilities arising from a
very challenged economic profile. The city's contracting labor
market, declining population and falling resident income remain
sources of potential instability in local income tax collections.
The rating further reflects a very high pension burden resulting
from the city's participation in two underfunded cost-sharing
retirement plans.

Rating Outlook

The stable outlook reflects Moody's expectations that improving
liquidity limits the probability of a near-term default with
notable bondholder loss, while significant obstacles to sustained
economic recovery could still challenge the city's financial
position in the coming years.

Factors that Could Lead to an Upgrade

Improved liquidity across governmental funds

Stabilization of negative tax base and economic trends

Factors that Could Lead to a Downgrade

Sustained economic challenges that pressure local income tax
collections

Lack of progress in financial recovery efforts and failure to
improve governmental fund liquidity

Legal Security

The city's debt is secured by its pledge and authorization to levy
taxes subject to its own 10.5 charter millage cap.

Use of Proceeds

Not applicable.

Obligor Profile

Maple Heights is a suburban community located approximately 10
miles southeast of downtown Cleveland (A1 stable). Its current
population is estimated at 22,600.

Methodology

The principal methodology used in this rating was US Local
Government General Obligation Debt published in December 2016.


MARBLES LLC: Case Summary & Largest Unsecured Creditors
-------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

      Debtor                                      Case No.
      ------                                      --------
      Marbles LLC                                 17-03308
      1918 North Mendell Street, Suite 400
      Chicago, IL 60642

      Marbles Holdings, LLC                       17-03309
      1918 North Mendell Street, Suite 400
      Chicago, IL 60642

      Marbles Brain Workshop, LLC                 17-03310
      1918 North Mendell Street, Suite 400
      Chicago, IL 60642

Nature of Business: Operates stores that sell games and toys,
                    gifts, puzzles, activities, and self-
                    improvement products to strengthen and
                    stimulate the brain

Chapter 11 Petition Date: February 3, 2017

Court: United States Bankruptcy Court
       Northern District of Illinois (Chicago)

Judge: Hon. Timothy A. Barnes (17-03309 and 17-03308)
       Hon. Jack B. Schmetterer (17-03310)

Debtors' Counsel: Howard L. Adelman, Esq.
                  ADELMAN & GETTLEMAN LTD.
                  53 W. Jackson Blvd., Suite 1050
                  Chicago, IL 60604
                  Tel: 312 435-1050
                  Fax: 312 435-1059
                  Email: hla@ag-ltd.com

                    - and -

                  Erich S Buck, Esq.
                  ADELMAN & GETTLEMAN, LTD.
                  53 W. Jackson Blvd., Suite 1050
                  Chicago, IL 60604
                  Tel: 312 435-1050
                  Fax: 312 435-1059
                  E-mail: ebuck@ag-ltd.com

                                      Estimated   Estimated
                                       Assets    Liabilities
                                      ---------  -----------
Marbles LLC                           $1M-$10M    $10M-$50M
Marbles Holdings, LLC                 $1M-$10M    $10M-$50M
Marbles Brain Workshop                $100K-$500K $0-$50K

The petitions were signed by Girisha Chandraraj, chief executive
officer.

A copy of Marbles LLC's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/ilnb17-03308.pdf

A copy of Marbles Holdings' list of 20 largest unsecured creditors
is available for free at http://bankrupt.com/misc/ilnb17-03309.pdf


MCCLATCHY CO: Names Craig Forman to Succeed Talamantes as CEO
-------------------------------------------------------------
McClatchy announced that Craig I. Forman, a current member of
McClatchy's Board of Directors, has succeeded Patrick J. Talamantes
as the company's president and chief executive officer.

Forman, 55, is a private investor and entrepreneur with a strong
track record in both digital technology and journalism.  He has
served as the executive chairman of Where.com Inc. and Appia Inc.
and previously held executive roles with Yahoo!, Time Warner,
Infoseek, and Dow Jones.  Forman served in senior leadership roles
at Earthlink from 2006 to 2009, including as president of the
company's $1 billion consumer access and audience business. He will
remain on McClatchy's board.

Kevin McClatchy, the chairman of McClatchy's board, said Forman has
the knowledge, experience and perspective needed to lead McClatchy
into the future at a critical time for journalism.

"Craig is a clear-eyed realist, but also an optimist, and he has
the energy we need to drive us forward," McClatchy said.  "I've
worked closely with Craig on the board, and he has played an
instrumental role in guiding the board and focusing on our digital
transformation.  He has also come to know the extraordinary people
who work at McClatchy, so he is well positioned to dive into this
work."

Forman began his career as a reporter and bureau chief for the Wall
Street Journal, where he was part of the reporting team whose
coverage of the Persian Gulf War was a finalist for the 1991
Pulitzer Prize in International Journalism.

"McClatchy has a storied history of journalistic integrity, and I'm
honored and energized by the opportunity to help shepherd it into
the future," Forman said.  "Through three years on the board of the
company, I know that no team anywhere has a better understanding of
the challenges facing the print newspaper economic model.  But we
have an incredible team at McClatchy, dedicated to serving our
customers and our neighbors from Sacramento to Miami and in dozens
of communities in between.  I'm thrilled to join them in the
day-to-day work of running the company and using technology as a
catalyst for growth."

Forman holds an undergraduate degree in public and international
affairs from Princeton University and earned a master's degree in
law from Yale University.  He will work from McClatchy's corporate
headquarters in Sacramento.

The term of the Employment Agreement is two years unless terminated
earlier by the Company or Mr. Forman under the Employment
Agreement.  Mr. Forman's annual base salary is set at $900,000,
which may be increased by the Compensation Committee of the Board
during the term of the Employment Agreement.  Mr. Forman will be
eligible to receive an annual cash bonus for the Company's fiscal
years 2017 and 2018 based on performance objectives established by
the Committee each such fiscal year.  Mr. Forman's target Annual
Cash Incentive amount for each such fiscal year will be 100% of his
base salary or such higher amount as designated by the Committee.
For fiscal year 2017, if Mr. Forman remains employed by the Company
on the last day of such fiscal year, the Committee will award Mr.
Forman an Annual Incentive of at least $900,000.

Talamantes, 52, was named McClatchy's president and chief executive
officer in 2012 after serving for 11 years as the Company's chief
financial officer.

"We appreciate the leadership and integrity Pat demonstrated to the
company as CEO and, before that, as CFO," said McClatchy. "It's
been a pleasure and honor for the board and for the McClatchy
family to work with him, as we know it has been for McClatchy's
employees.  Pat led our Company through turbulent times and,
because of his great efforts, we are coming off a year of strong
growth in audience and digital advertising revenue.  Pat has well
positioned the Company for the future and was specifically
instrumental in preparing for this next chapter.  We are all
grateful for and better because of his service."

Mr. Talamantes left the Company on Jan. 25, 2017, to pursue other
opportunities.  Mr. Talamantes also resigned as a member of the
Company's Board of Directors effective on the same date.  Mr.
Talamantes' end of service will be treated as a termination without
cause under the terms of his employment agreement with the Company,
dated May 16, 2015.

Additional information is available for free at:

                     https://is.gd/BqHIoF

                  About The McClatchy Company

Sacramento, Cal.-based The McClatchy Company (NYSE: MNI)
-- http://www.mcclatchy.com/-- is a media company that provides
both print and digital news and advertising services.  Its
operations include 30 daily newspapers, community newspapers,
websites, mobile news and advertising, niche publications, direct
marketing and direct mail services.  Its owned newspapers include,
among others, the (Fort Worth) Star-Telegram, The Sacramento Bee,
The Kansas City Star, the Miami Herald, The Charlotte Observer,
and The (Raleigh) News & Observer.  The Company holds interest in
digital assets which include CareerBuilder, LLC, Classified
Ventures, LLC, HomeFinder, LLC, and Wanderful Media.

McClatchy reported a net loss of $300 million on $1.05 billion of
net revenues for the year ended Dec. 27, 2015, compared to net
income of $374 million on $1.14 billion of net revenues for the
year ended Dec. 28, 2014.

As of Sept. 25, 2016, McClathcy Co had $1.83 billion in total
assets, $1.68 billion in total liabilities and $155.5 million in
stockholders' equity.

                           *     *     *

McClatchy carries a 'Caa1' corporate family rating from Moody's
Investors Service.  In May 2011, Moody's changed the rating
outlook from stable to positive following the company's
announcement that it closed on the sale of land in Miami for
$236 million.  The outlook change reflects Moody's expectation
that McClatchy will utilize the net proceeds to reduce debt,
including its underfunded pension position, which will reduce
leverage by approximately half a turn and lower required
contributions to the pension plan over the next few years.

As reported by the TCR on April 2, 2014, Standard & Poor's Ratings
Services affirmed all ratings on U.S. newspaper company The
McClatchy Co., including the 'B-' corporate credit rating, and
revised the rating outlook to stable from positive.  The outlook
revision to stable reflects S&P's expectation that the
timeframe for a potential upgrade lies beyond the next 12 months,
and could also depend on the company realizing value from its
digital minority interests.


MEMORIAL PRODUCTION: Hires Weil Gotshal as Attorneys
----------------------------------------------------
Memorial Production Partners LP, et al., seek authorization from
the U.S. Bankruptcy Court for the Southern District of Texas to
employ Weil, Gotshal & Manges LLP as attorneys, effective January
16, 2017 petition date.

The Debtors require Weil Gotshal to:

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

   (b) prepare on behalf of the Debtors, as debtors in possession,

       all necessary motions, applications, answers, orders,
       reports and other papers in connection with the
       administration of the Debtors' estates;

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

       and

   (d) perform all other necessary legal services in connection
       with the prosecution of these chapter 11 cases; provided,
       however, that to the extent Weil determines that such
       services fall outside of the scope of services historically

       or generally performed by Weil as lead debtors' counsel in
       a bankruptcy case, Weil will file a supplemental
       declaration.

Weil Gotshal will be paid at these hourly rates:

       Members and Counsel      $940-$1,400
       Associates               $510-$930
       Paraprofessionals        $220-$375

Weil Gotshal will also be reimbursed for reasonable out-of-pocket
expenses incurred.

For the 90 days prior to the Petition Date, Weil Gotshal received
payments and advances in the aggregate amount of approximately $7.5
million for professional services performed and to be performed,
including the commencement and prosecution of these chapter 11
cases. Weil has a remaining credit balance in favor of the Debtors
for professional services performed and to be performed, and
expenses incurred and to be incurred, in connection with these
chapter 11 cases in the amount of approximately $2.3 million.

Joseph H. Smolinsky, member of Weil Gotshal, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

In accordance with Appendix B-Guidelines for Reviewing Applications
for Compensation and Reimbursement of Expenses Filed under 11
U.S.C. Sec. 330 for Attorneys in Larger Chapter 11 Cases, the
following is provided in response to the request for additional
information:

   -- Weil Gotshal represented the Debtors for approximately three

      months prior to the Petition Date. Weil's billing rates and
      material financial terms with respect to this matter have
      not changed post-petition.

   -- Weil Gotshal is developing a prospective budget and staffing

      plan for these chapter 11 cases for the period beginning
      January 2017 and ending April 2017. Weil and the Debtors
      will review such budget following the close of the budget
      period to determine a budget for the following period. Our
      client is always included in staffing decisions, and
      staffing remains the client's prerogative.

The Court will hold a hearing on the application on February 27,
2017, at 2:00 p.m.

Weil Gotshal can be reached at:

       Alfredo R. Perez, Esq.
       WEIL, GOTSHAL & MANGES LLP
       700 Louisiana Street, Suite 1700
       Houston, TX 77002
       Tel: (713) 546-5040
       E-mail: alfredo.perez@weil.com

              About Memorial Production Partners LP

Memorial Production Partners LP -- http://www.memorialpp.com/-- is
a publicly traded partnership engaged in the acquisition,
production and development of oil and natural gas properties in the
United States. MEMP's properties consist of mature, legacy oil and
natural gas fields. MEMP is headquartered in Houston, Texas.

Memorial Production Finance Corporation filed a Chapter 11 petition
(Bankr. S.D. Tex. Case No. 17-30248) on January 16, 2017.

The Debtors are represented by Alfredo R. Perez, Esq., at Weil,
Gotshal & Manges LLP, in Houston, Texas; and Gary T. Holtzer, Esq.,
and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges LLP, New
York.  The Debtors' financial advisor is Perella Weinberg Partners
LP.  The Debtors' Restructuring Advisor is Alixpartners, LLP.  The
Debtors' claims, noticing, and solicitation agent is Rust
Consulting/Omni Bankruptcy.

At the time of filing, the Debtors had estimated assets of $1
billion to $10 billion and estimated debts of $1 billion to $10
billion.


MERRIMACK PHARMACEUTICALS: Head of Discovery Resigns
----------------------------------------------------
Birgit M. Schoeberl, Ph.D., the head of discovery of Merrimack
Pharmaceuticals, Inc., provided notice of her resignation,
effective as of Feb. 24, 2017, as disclosed in a Form 8-K filing
with the Securities and Exchange Commission.

                        About Merrimack

Cambridge, Mass.-based Merrimack Pharmaceuticals, Inc., a
biopharmaceutical company discovering, developing and preparing to
commercialize innovative medicines consisting of novel
therapeutics paired with companion diagnostics.  The Company's
initial focus is in the field of oncology.  The Company has five
programs in clinical development.  In it most advanced program,
the Company is conducting a pivotal Phase 3 clinical trial.

Merrimack reported a net loss of $148 million on $89.3 million of
total revenues for the year ended Dec. 31, 2015, compared to a net
loss of $83.6 million on $103 million of total revenues for the
year ended Dec. 31, 2014.

As of Sept. 30, 2016, Merrimack had $118.4 million in total
assets, $345.55 million in total liabilities and a total
stockholders' deficit of $226.78 million.


MISSISSIPPI POWER: Moody's Puts Ba2 Rating on Review for Downgrade
------------------------------------------------------------------
Moody's Investors Service placed Mississippi Power Company's
ratings on review for downgrade, including its Baa3 senior
unsecured, Baa3 Issuer Rating, Ba2 preferred stock and VMIG-3
short-term pollution control revenue bond rating. The ratings of
the parent company, The Southern Company (Southern, Baa2 senior
unsecured) are unchanged.

On Review for Downgrade:

Issuer: Eutaw (City of) AL, Industrial Dev. Board

-- Senior Unsecured Revenue Bonds, Placed on Review for Downgrade,
currently Baa3

-- Senior Unsecured Revenue Bonds, Placed on Review for Downgrade,
currently VMIG 3

Issuer: Harrison (County of) MS

-- Senior Unsecured Revenue Bonds, Placed on Review for Downgrade,
currently Baa3

-- Senior Unsecured Revenue Bonds, Placed on Review for Downgrade,
currently VMIG 3

Issuer: Mississippi Business Finance Corporation

-- Senior Unsecured Revenue Bonds, Placed on Review for Downgrade,
currently Baa3

-- Senior Unsecured Revenue Bonds, Placed on Review for Downgrade,
currently VMIG 3

Issuer: Mississippi Power Company

--  Issuer Rating, Placed on Review for Downgrade, currently Baa3

-- Pref. Stock Preferred Stock, Placed on Review for Downgrade,
currently Ba2

-- Senior Unsecured Regular Bond/Debenture, Placed on Review for
Downgrade, currently Baa3

Outlook Actions:

Issuer: Mississippi Power Company

-- Outlook, Changed To Rating Under Review From Negative

RATINGS RATIONALE

"The review of Mississippi Power's ratings considers the declining
competitiveness of the Kemper Integrated Gasification Combined
Cycle (IGCC) plant as project costs have continued to rise,
operating costs are increasing, and natural gas prices remain low"
said Michael G. Haggarty, Associate Managing Director. As of the
end of 2016, total project costs had increased to over $7 billion,
more than double the original estimate. The review also reflects
the continued inability of the company to place the plant into
service, with nine schedule extensions of the in-service date
announced thus far, the most recent last week. These developments
increase the risk that the company will not receive full regulatory
recovery of $2.88 billion of plant costs subject to a cost cap
established by the Mississippi Public Service Commission, $1.5
billion of costs not subject to the cap, which continue to
increase, and higher operating costs once the plant is placed into
service.

On Jan. 31, 2017, Southern and Mississippi Power disclosed that the
updated annual Southern system fuel forecast for 2017, completed
late last year, reflected significantly lower long-term estimated
natural gas costs than had been previously projected. As a result,
Mississippi Power is updating the Kemper IGCC plant's "project
economic viability analysis", which compares its competitiveness to
a natural gas combined cycle plant. The utility has indicated that
this analysis is required by the Mississippi Public Service
Commission and has not been done since 2015. Southern and
Mississippi Power expect the reduction in projected long-term
natural gas prices and higher estimated operating costs for the
project to negatively impact the analysis.

The review of Mississippi Power's rating will consider the results
of the utility's project economic viability analysis, which the
company expects to be completed before the end of this month; the
impact that analysis may have on the company's regulators and the
prospects for recovery of the remaining recoverable project costs;
the company's success or failure in meeting the latest projected
in-service date of late February; the parent company's continued
credit and liquidity support for Mississippi Power; as well as the
standalone financial condition of Mississippi Power if and when the
Kemper plant is fully operational, including whether the utility
will exhibit financial metrics consistent with an investment grade
rating.

Southern's ratings and stable outlook are unchanged, reflecting
Mississippi Power's position as one of Southern's smaller utility
subsidiaries, with the Kemper project having a material but thus
far manageable impact on the parent's consolidated financial
condition. This is particularly the case since Southern's 2016
acquisition of AGL Resources, Inc. (now Southern Company Gas),
which increased its overall scale, diversification, and resiliency.
Although Southern has taken over $2.5 billion of pre-tax charges
related to Kemper, the company's downgrade to Baa2 last year was
largely attributable to higher parent debt levels and lower
financial metrics due to the largely debt financed AGL
acquisition.

Southern's rating could be negatively affected if there are
additional, material debt financed acquisitions at the parent
company; if there are further delays or cost increases at Georgia
Power Company's (A3 stable) Vogtle new nuclear construction
project; or if there is rating pressure at one of its larger
subsidiaries, including Georgia Power, Alabama Power Company (A1
stable), Southern Power Company (Baa1 stable), Southern Company Gas
(unrated), or Southern Company Gas Capital (Baa1 stable).

Moody's continue to monitor developments with regard to the decline
in the credit quality of Toshiba Corporation (Caa1, ratings under
review), the parent company of the Vogtle project EPC contractor
Westinghouse Electric Company, LLC (unrated), and their commitment
to the nuclear power business. Westinghouse has provided Georgia
Power and the other Vogtle project owners with letters of credit
totaling $920 million, somewhat mitigating this risk. Moody's
believes, however, that Southern's updated annual system fuel
forecast has also negatively affected the competitiveness and
economic rationale of the Vogtle nuclear project.

Rating Outlook

Mississippi Power's ratings are on review for downgrade.

What Could Change the Rating - Down

Mississippi Power's ratings could be downgraded if the pending
project economic viability analysis indicates that there has been a
material decline in the cost competitiveness of the Kemper plant or
that it is no longer economically viable; if Moody's believes the
prospects for regulatory recovery of remaining recoverable project
costs or operating costs have declined; or if there are any
indications that the parent company will reduce or scale back its
thus far strong financial and liquidity support for Mississippi
Power. The utility could also be downgraded if Moody's expects
financial metrics to remain below investment grade parameters for
an extended period following commercial operation of the Kemper
plant, including cash flow from operations pre-WC to debt below
13%.

The principal methodology used in these ratings was Regulated
Electric and Gas Utilities published in December 2013.

The Southern Company is a utility holding company headquartered in
Atlanta, Georgia and the parent company of utility subsidiaries
Alabama Power Company, Georgia Power Company, Gulf Power Company,
Mississippi Power Company, Southern Company Gas, Southern Electric
Generating Company, wholesale power company Southern Power Company,
financing subsidiaries Southern Company Gas Capital and Southern
Company Capital Funding, Inc., and commercial paper issuer Southern
Company Funding Corporation.



MONAKER GROUP: Appoints Simon Orange to Board of Directors
----------------------------------------------------------
Monaker Group, Inc., has appointed Simon Orange, the founding
partner and chairman of CorpAcq, to the company's board of
directors.  The appointment increases the board to five members,
with three serving independently.

"Simon brings to Monaker extensive knowledge and experience in the
investment industry, from corporate finance and M&As to building
global growth companies," said the company's chairman and CEO, Bill
Kerby.  "We expect Simon's contribution of capital market insights
and guidance to have an important and valuable impact on our
business as we expand our base of travel customers and partners
around the world."

In 2006, Orange co-founded CorpAcq, where he has been responsible
for identifying and negotiating acquisitions in conjunction with
its corporate finance partners, as well overseeing strategic
development, funding, and partnerships.  Following a "buy and
build" approach, CorpAcq maintains long-term investments in a
diverse portfolio of successful businesses.  Currently comprised of
19 portfolio companies, CorpAcq has been recognized as one of the
fastest growing enterprises in the UK.  Orange has been involved in
funding and managing the growth of numerous business ventures, some
which have been acquired by NASDAQ and London Stock Exchange listed
companies. He is also a founding member of Cicero Consulting Group,
based in New York City.

"I have long been passionate about travel, and intrigued with how
technology continues to transform the hospitality and travel
landscape," commented Orange.  "I'm honored and excited to join the
Monaker board and leadership teams, particularly at this pivotal
stage of the company's development, with the near-term launch of
its unique booking platform that for the first time will provide
'real-time' alternative lodging reservations along with mainstream
travel products and services all on a single site."

The appointment of Orange also advances the company's plans for a
NASDAQ Stock Market up-listing by addressing certain corporate
governance requirements.

"While Simon's appointment satisfies the listing requirements for
an independent majority, we are continuing our search and
evaluation process to bring on additional board members who will
strengthen our leadership and composition of our board committees,"
added Kerby.  "We expect to announce such additional appointments
in the near term."

As the Company currently has no committees of the Board of
Directors, Mr. Orange has not been appointed to any committees.

It is not currently contemplated that Mr. Orange will receive any
compensation for his services on the Board of Directors.

                     About Monaker Group

Monaker Group, Inc. (OTCMKTS: MKGI), formerly known as Next 1
Interactive, Inc., is a digital media marketing company focusing on
lifestyle enrichment for consumers in the travel, home and
employment sectors.  Core to its marketing services are key
elements including proprietary video-centered technology and
established partnerships that enhance its reach.  Video is quickly
becoming consumer's preferred method of searching and educating
themselves prior to purchases.  Monaker's video creation technology
and film libraries combine to create lifestyle video offerings that
can be shared both to its customers and through trusted
distribution systems of its major partners.  The end result is
better engagement with consumers who gain in-depth information on
related products and services helping to both inform and fulfill
purchases.  Unlike traditional marketing companies that simply
charge for advertising creation, Monaker holds licenses and/or
expertise in the travel, real estate and employment sectors
allowing it to capture fees at the point of purchase while the
majority of transactions are handled by Monaker's partners.  This
should allow the company to capture greater revenues while
eliminating much of the typical overhead associated with
fulfillment.  Monaker core holdings include Maupintour,
NameYourFee.com, RealBiz Media Group - helping it to
deliver marketing solutions to consumers at home, work and play.

Monaker Group reported a net loss of $4.55 million on $544,700 of
total revenues for the year ended Feb. 29, 2016, compared to a net
loss of $2.98 million on $1.09 million of total revenues for the
year ended Feb. 28, 2015.

As of Nov. 30, 2016, Monaker Group had $2.54 million in total
assets, $2.84 million in total liabilities and a total
stockholders' deficit of $306,327.

LBB & Associates Ltd., LLP, in Houston, Texas, in its report on the
consolidated financial statements for the year ended Feb. 29, 2016,
raised substantial doubt about the Company's ability to continue as
a going concern.


MSC SOFTWARE: S&P Puts 'B-' CCR on CreditWatch Positive
-------------------------------------------------------
S&P Global Ratings placed the ratings on California-based MSC
Software Corp., including the 'B-' corporate credit rating, on
CreditWatch with positive implications.

The CreditWatch placement follows Hexagon's announcement that it
has agreed to acquire MSC for $834 million in cash.

MSC and Hexagon announced that they expect the transaction to close
in April 2017.  S&P believes that Hexagon has a significantly
stronger financial risk position and lower leverage than MSC, as
well as a larger and more diversified business mix.

MSC provides computer-aided engineering solutions that enable
engineers to validate and optimize their designs using virtual
prototypes.

S&P plans to withdraw its corporate credit and issue-level ratings
on MSC if the company's outstanding debt is fully repaid when the
transaction is completed as expected in April 2017.


NAKED BRAND: Discusses Bendon Merger, Sales Hike at NobleCon 13
---------------------------------------------------------------
Naked Brand Group Inc. gave an investor presentation at NobleCon
Thirteen, the official conference of NOBLE Capital Markets, Inc.,
on Jan. 31, 2017.  

Naked discussed, among other things, the letter of intent it
entered with Bendon Limited on Jan. 13, 2017, for a proposed merger
of the companies.  Naked said that assuming that Naked and Bendon
entered into a merger agreement, the parties expect to seek
approval from Naked's shareholders in the first quarter of 2017,
subject to SEC review.

According to naked, Justin Davis-Rice, Chairman of Bendon, joined
Naked's board of directors on Jan. 13.  Concurrent with the
completion of the proposed merger, Carole Hoghman would retain a
seat on the board of the combined company and become Chief Creative
Officer of the merged company.

The merger, according to Naked, is expected to have several
significant benefits to the merged group.

The Company said that for the 9 months ended Oct. 31, 2016, net
sales increased by 38% to $1,292,132 driven, among other things by,
expansion into new department stores, including Bloomingdale's Saks
Fifth Avenue, Chico's and Dillards.

The investor presentation is available for free at
https://is.gd/mARpsH

                      About Naked Brand

Naked Brand Group Inc. designs, manufactures, and sells men's
innerwear and lounge apparel products in the United States and
Canada.  It offers various innerwear products, including trunks,
briefs, boxer briefs, undershirts, T-shirts, and lounge pants
under the Naked brand, as well as under the NKD sub-brand for men.
The company sells its products to consumers and retailers through
wholesale relationships and direct-to-consumer channel, which
consists of an online e-commerce store, thenakedshop.com.  Naked
Brand Group Inc. is based in New York.

Naked Brand reported a net loss of US$19.06 million on US$1.38
million of net sales for the year ended Jan. 31, 2016, compared to
a net loss of US$21.07 million on US$557,000 of net sales for the
year ended Jan. 31, 2015.

As of July 31, 2016, Naked Brand had US$2.99 million in total
assets, US$1.44 million in total liabilities and US$1.55 million in
total stockholders' equity.

BDO USA, LLP, in New York, NY, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Jan. 31, 2016, noting that the Company incurred a net loss of
$19,063,399 for the year ended Jan. 31, 2016, and the Company
expects to incur further losses in the development of its business.
This condition raises substantial doubt about the Company's
ability to continue as a going concern, the auditors said.


NEWBURY COMMON: Selling Unfinished Hotel for At Least $19M
----------------------------------------------------------
Newbury Common Associates, LLC, and affiliates filed a notice with
the U.S. Bankruptcy Court for the District of Delaware that
Seaboard Hotel LTS Associates, LLC ("LTS") is selling the property
located at 23-25, 35 and 37 Atlantic St., Stamford, Connecticut.

The property was an under-construction hotel project as of the date
LTS commenced its Chapter 11 case and remains unfinished as of the
date (together with all of the personal property owned by LTS
located at the site of the hotel project) through a sale under
Section 363 of the Bankruptcy Code.  LTS has requested the
Bankruptcy Court to enter Sale Order, which will provide, among
other things, for the sale of the property free and clear of all
claims, liens, and other encumbrances, to the maximum extent
permitted by section 363(f) of the Bankruptcy Code.  The Seller is
not transferring or assigning the Residence Inn by Marriott
franchise agreement associated with the property.

By order, dated Jan. 31, 2017, the Court approved certain "Bidding
Procedures" that govern the sale of the Property to the highest and
best bidder ("Bidding Procedures Order").  The Bidding Procedures
set a minimum price of $19,007,549 for the property.  To become a
Qualified Bid, the purchase price must be at least $19,007,549.  

Any interested bidder should contact LTS as follows: (i) LTS' Chief
Restructuring Officer, Marc Beilinson (Telephone: (310) 990-2990;
E-mail: Mbeilinson@Beilinsonpartners.com); and/or (ii) LTS'
Counsel, Robert S. Brady (Telephone: (302) 571-6690; E-mail:
rbrady@ycst.com), Sean T. Greecher (Telephone: (302) 571-6558;
E-mail: sgreecher@ycst.com), and Ryan M. Bartley (Telephone: (302)
571-5007; E-mail: rbartley@ycst.com)

Interested parties should take note of these information and
deadlines:

          a. The deadline to be qualified as a Qualifying Bidder
and to submit a Qualifying Bid is March 14, 2017 at 5:00 p.m. (ET).
All Qualifying Bids must be accompanied with a deposit in an
amount equal to 10% of the purchase price to be paid under the
proposed Letter Agreement.

          b. An auction for the property will commence on March 17,
2017 at 10:00 a.m. (ET) at the offices of Young Conaway Stargatt &
Taylor, LLP, 1000 North King Street, Rodney Square, Wilmington,
Delaware.

          c. The deadline to file an objection with the Court to
the proposed sale of the property is March 14, 2017 at 4:00 p.m.
(ET); provided that solely with respect to an objection to the
conduct of the Auction, the designation of any Successful Bidder or
Bid, and the terms (including price) of any Successful Bid
("Auction Objection"), the deadline to file an Auction Objection
will be 4:00 p.m. (ET) on March 20, 2017.

          d. Objections must be filed and served in accordance with
the Bidding Procedures Order.  In connection with the proposed sale
process, interested bidders may be subject to an expedited
discovery process.

          e. If a Qualified Bid is timely received, the Bankruptcy
Court will conduct a hearing ("Sale Hearing") to consider the
proposed Sale on March 21, 2017 at 2:00 p.m. (ET).  If a Qualified
Bid is not timely received, LTS will promptly submit an order
approving a sale of the property to IDB pursuant to paragraph 3(g)
of the LTS-IDB Agreement, and no Sale Hearing will be held.

          About Newbury Common Associates, LLC

Newbury Common Associates, LLC, et al., comprise a corporate
enterprise that owns a diverse portfolio of high quality,
distinctive commercial, hospitality and residential properties
with
an aggregate of approximately 800,000 square feet located
primarily
in Stamford, Connecticut.

On Dec. 13, 2015, Newbury Common Associates, LLC, and 13
affiliates
each commenced a voluntary case (Bankr. D. Del. Lead Case No.
15-12507) under chapter 11 of the Bankruptcy Code, and on Dec. 14,
Tag Forest LLC commenced a Chapter 11 case (collectively,
"Original
Debtors").  On Feb. 3, 2016, Newbury Common Member Associates, LLC
and 8 affiliates commenced a voluntary case under chapter 11 of
the
Bankruptcy Code; and then on Feb. 4, 88 Hamilton Avenue
Associates,
LLC filed a Chapter 11 petition (collectively "Additional
Debtors").  The petitions were signed by Marc Beilinson, chief
restructuring officer.  At the time of the filing, the Debtors
estimated assets and liabilities at $100 million to $500 million.

Seaboard Realty, LLC, its principals or entities it manages serve
as the manager under the operating agreements for each of the
Debtors and is owned 50% by John J. DiMenna, Jr., 25% by Thomas L.
Kelly, Jr. and 25% by William A. Merritt, Jr.  The Original
Debtors
other than Seaboard Residential, LLC, Tag, and Newbury Common
Associates, LLC, are holding companies whose assets are
substantially comprised of the equity of the Property Owner
Debtors.  The Debtors' eight operating property are owned by the
"Property Owner Debtors", namely Century Plaza Investor
Associates,
LLC; Seaboard Hotel Associates, LLC; Seaboard Hotel LTS
Associates,
LLC; Park Square West Associates, LLC; Clocktower Close
Associates,
LLC; One Atlantic Investor Associates, LLC; 88 Hamilton Avenue
Associates, LLC; 220 Elm Street I, LLC; 300 Main Street
Associates,
LLC; and Seaboard Residential, LLC.

The Original Debtors' chapter 11 cases are being jointly
administered pursuant to an order entered Dec. 18, 2015.  The
Debtors later won approval of a supplemental motion seeking joint
administration of the Additional Debtors' Chapter 11 cases with
the
cases of the Original Debtors for procedural purposes only.

As of Jan. 7, 2016, the Debtors had incurred purported aggregate
funded secured indebtedness of approximately $177.2 million in
principal, including approximately $150.4 million of
property-level
secured debt and approximately $26.8 million of purported and
allegedly unauthorized mezzanine debt.

The Debtors are represented by Robert S. Brady, Esq., at Young
Conaway Stargatt & Taylor, LLP, and Dechert LLP.  They retained
Donlin Recano as claims and noticing agent, and Anchin, Block &
Anchin as their Forensic Accounting Services Provider.

The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in
the
Debtors' cases.


NEXTBT GROUP: Seeks to Hire Trodella & Lapping as Legal Counsel
---------------------------------------------------------------
NextBT Group, LLC and NextBTL, LLC seek approval from the U.S.
Bankruptcy Court for the Northern District of California to hire
legal counsel in connection with their Chapter 11 cases.

The Debtors propose to hire Trodella & Lapping LLP to give legal
advice regarding their duties under the Bankruptcy Code, prepare a
bankruptcy plan, and provide other legal services.

The rate charged by the firm for its services is $500 per hour.

Trodella & Lapping does not represent any interest adverse to the
Debtors or their bankruptcy estates, and is a "disinterested
person" as defined in section 101(14) of the Bankruptcy Code,
according to court filings.

The firm can be reached through:

     Richard A. Lapping, Esq.
     Trodella & Lapping LLP
     540 Pacific Avenue
     San Francisco, CA 94133
     Tel: (415) 399-1015
     Fax: (415) 651-9004
     Email: Rich@TrodellaLapping.com

                       About NextBT Group

NextBT Group, LLC and NextBTL, LLC sought protection under Chapter
11 of the Bankruptcy Code (Bankr. N.D. Calif. Case Nos. 17-50131
and 17-50132) on January 23, 2017.  The petitions were signed by
Michael V. Petras, CEO and President.  

NextBT Group's case is assigned to Judge Stephen L. Johnson while
the other case is assigned to Judge Elaine M. Hammond.

At the time of the filing, NextBT Group estimated assets of $1
million to $10 million and liabilities of less than $1 million.
NextBTL estimated its assets and debts at $1 million to $10
million.


NEXTSTEP DEVELOPMENT: Sale of Hotel to Patels for $3.2M Approved
----------------------------------------------------------------
Judge of the U.S. Bankruptcy Court for the Western District of
Texas authorized Nextstep Development, Inc.'s sale of real property
known as Econolodge Downtown South, located at San Antonio, Bexar
County, Texas, together with any and all improvements and buildings
situated thereon ("Identified Assets") to Paresh A. Patel and Nima
P. Patel for $3,150,000.

A hearing on the bid procedures was held on Dec. 12, 2016.  On Dec.
14, 2016, the Court entered Procedures Order.  Pursuant to the
Procedures Order, an Auction Sale with two competing bidders was
conducted by the Court on Dec. 16, 2016.  At the Auction Sale, the
highest and best offer was submitted by the Purchasers or their
assigns.

The sale is free and clear of any and all liens, claims,
encumbrances, and other interest.

Alan Gopal, M.J. Patel and Vinod Patel ("Backup Bidders") agreed to
purchase the Identified Assets for $3,125,000 in the event that
Purchasers terminates the Agreement pursuant to its terms or fails
to timely consummate the purchase.  Furthermore, Weinritter Realty,
LP, pursuant to the provisions of Section 363(k) of the Bankruptcy
Code, agreed to purchase the Identified Assets for $2,800,000 in
the event that Purchasers and the Backup Bidders fail to timely
purchase the Identified Assets.

The Purchasers will have the right, for a period commencing on the
Effective Date, and terminating on Feb. 3, 2017 ("Inspection
Period"), to enter the Property and make a physical inspection of
the Property.

The Purchasers will, at its sole cost and expense, on Dec. 23,
2016, make application for and obtain approval during the
Inspection Period, to operate the property as an Econolodge hotel
pursuant to an agreement with Choice Hotels International
("Franchisor") thereof ("Franchise Approval").  The Purchasers will
use its good faith efforts to obtain franchise approval and will at
all times keep the franchise approval and respond promptly to all
inquiries of Seller in this regard, supplying such information as
Seller may reasonably request.  If Purchaser does not obtain
franchise approval or disapproves the terms that will be imposed by
Franchisor during the Inspection Period, the contract is considered
null and void, and the Earnest Money less the non-refundable
portion of the Earnest Money, the Inspection Period Fee and
Independent Contract Consideration will be returned to the
Purchasers by the Title Company.

The closing will take place on or before Feb. 15, 2017; provided
that the Buyers will retain the right to extend the closing for 30
days by paying the Extension Fee.

The ad valorem tax lien for 2016 pertaining to the Identified
Assets will attach to the sales proceeds and the title company will
pay all ad valorem tax debt owed incident to the Identified Assets
immediately upon closing and prior to any disbursement of proceeds
to any other person or entity.

The ad valorem taxes for year 2017 pertaining to the Identified
Assets will be prorated in accordance with the Agreement and will
become the responsibility of the Purchasers and the year 2017 ad
valorem tax lien will be retained against the subject property
until said taxes are paid in
full.

Notwithstanding anything to the contrary in the Order, the Debtor
is authorized, through the title company consummating the sale, to
pay or satisfy at the Closing: (i) all allowed ad valorem taxes for
2016; (ii) the real estate commission due and owing to Marcus &
Milichap (iii) the allowed claim of Weinritter Realty, LP and (d)
if authorized by the Debtor, the Cure Cost due and owing to Choice
Hotels International under the Assumed Contract.

The Debtor is authorized, but not obligated, to assume the Assigned
Contracts and assign said Assigned Contracts to the Purchaser, in
accordance with Section 365 of the Bankruptcy Code, effective only
upon Closing the transactions contemplated under the Agreement.  In
the event the Closing does not occur on or before the Closing Date,
the Debtor will not have any obligation to assume any Assigned
Contract and the Assigned Contracts will not be considered to have
been assumed by the Debtor pursuant to Section 365 of the
Bankruptcy Code.

If for any reason the Purchasers fail to timely consummate the
acquisition of the Identified Assets in accordance with Agreement
and the Order, the Debtor is authorized to consummate the sale of
the Identified Assets to the Backup Bidder pursuant to the
provisions of the Agreement for $3,125,000 without further order of
the Court.  For purposes of the Order, the Backup Bidder will be
then considered "Purchaser."

If for any reason the Purchasers and the Backup Bidder fail to
timely consummate the acquisition of the Identified Assets in
accordance with Agreement and the Order, the Debtor is authorized
to consummate the sale of the Identified Assets to Weinritter
Realty, the Debtor's secured creditor, for $2,800,000 in the form
of a credit against its debt pursuant to the provisions of Section
363(k) of the Bankruptcy Code, the Agreement and this order.  For
purposes of the Order, Weinritter Realty will be then considered
"Purchaser."

In the event Purchasers fail to consummate the purchase of the
Identified Assets and the Backup Bidder or Weinritter Realty,
purchase the Identified Assets, the Purchasers will not be entitled
to receive the "breakup fee" approved in the Procedures Order.

To the extent necessary under the Federal Rules of Bankruptcy
Procedure 5003, 9014, 9021 and 9002, the Court expressly finds that
there is no just reason for delay in the implementation of the
Order and expressly directs entry of judgment as set forth and the
stays of Federal Rules of Bankruptcy Procedure Rules 6004(h) and
6006(d) are waived, modified and shall not apply to the sale of the
Identified Assets and the assumption and assignment, if any, of the
Assigned Contracts in accordance with the Agreement, and the Debtor
are authorized to take all actions and enter into all transactions
authorized by the Order immediately.

                  About Nextstep Development

Nextstep Development, Inc., owns the Econolodge Downtown South,
located in San Antonio, Bexar County, Texas.  Formerly known as
Quality Inn Downtown South, Econolodge is a pet-friendly discount
hotel located near the Alamo and Interstate 35.

Nextstep Development filed a chapter 11 petition (Bankr. W.D. Tex.
Case No. 16-52019) on Sept. 6, 2016.  The petition was signed by
Niraj Patel, director.  Judge Craig A. Gargotta is the case judge.

Nextstep estimated assets and liabilities at $1 million to $10
million at the time of the filing.

On Sept. 13, 2016, the Court entered an order authorizing joint
administration of Nextstep proceeding and the case styled, In re:
Bandera Pointe Hospitality, LP.  Nextstep and Bandera are each
operating their respective businesses as a Debtor-in-possession
pursuant to Sections 1107(a) and 1108 of the Bankruptcy Code.

Nextstep is represented by William B. Kingman, Esq., at the Law
Offices of William B. Kingman, PC.

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


OLMOS EQUIPMENT: PPL, Ritchie Bros. and Davis to Auction Equipment
------------------------------------------------------------------
Olmos Equipment, Inc., asks the U.S. Bankruptcy Court for the
Western District of Texas to authorize the sale of various pieces
of equipment and machinery it used or uses in its business
operations ("Estate Assets") by auction to be conducted by PPL
Group, LLC and Myron Bowling Auctioneers, Ritchie Bros. Auctioneers
(America), Inc. and Mel Davis Auctions.

The Debtor has determined that based on the current economic
condition and the Debtor's business operations, it is in the best
interests of the Debtor, its bankruptcy estate, and its creditors
to liquidate certain assets to generate funds to make payments to
creditors.  The Debtor will take every action possible to realize
the greatest value from the sale of these Estate Assets.

To accomplish the liquidation of these assets, the Debtor has,
contemporaneously with the Sale Motion, filed motions seeking to
employ the PPL Group, Ritchie Bros. and Davis.  The Debtor owns the
Estate Assets.  The Debtor believes the value of the Estate Assets
will be maximized by auction through the services of the
Auctioneers.

A copy of the itemized listings of the equipment to be sold by PPL
Group, Ritchie Bros. and Davis attached to the Motion is available
for free at:

            http://bankrupt.com/misc/Olmos_Equipment_196_Sales.pdf

The Debtor proposes to sell the Estate Assets at auction to third
party purchasers whose identities are unknown at this point.  The
property that is the subject of the Sale Motion is currently in the
possession or control of the Debtor.  In connection with such sale,
the Debtor seeks the entry of an order following the conclusion of
the sale hearing authorizing it to, through the court approved
auctioneers, to sell the assets and to consummate such other
related and necessary transactions in connection therewith to the a
purchasers with such assets to be transferred and conveyed free and
clear of all liens, claims, interests and encumbrances.

The ad valorem tax lien for 2016 and prior years (if any)
pertaining to the Estate Assets will attach to the sales proceeds
and the title company shall pay all ad valorem tax debt owed
incident to the Estate Assets immediately upon closing and prior to
any disbursement of proceeds to any other person or entity.

The ad valorem taxes for year 2017 pertaining to the Estate Assets
will be prorated in accordance with the Agreement and will become
the responsibility of the Purchaser and the year 2017 ad valorem
tax lien will be retained against the subject property until said
taxes are paid in full.

The Estate Assets will be sold pursuant to auction on the terms set
forth in each respective auction agreement with PPL Group, Ritchie
Bros. and Davis.  All Estate Assets are to be sold "as is" and the
Debtor assumes no liability.

Approval of a sale transaction as contemplated will help facilitate
the Debtor's ability to seek approval of a plan of reorganization
or a structured dismissal and to distribute the sale proceeds in
accordance with the priorities delineated in the Bankruptcy Code.
Accordingly, the Debtor respectfully asks that the Court enter an
order approving the sales in accordance with the terms and
conditions set out in the Sale Motion and granting such other
relief as is just and proper.

Because of the need to begin the sale process as promptly as
possible, the Debtor asks that the Court Order and direct that the
Order approving the Motion will not be automatically stayed for 14
days as imposed by Bankruptcy Rule 6004(h).

                      About Olmos Equipment

Olmos Equipment Inc. filed a Chapter 11 petition (Bankr. W.D. Tex.
Case No. 16-51834) on Aug. 12, 2016.  The petition was signed by
Larry Struthoff, president.  The Debtor is represented by William
B. Kingman, Esq., at the Law Offices of William B. Kingman, PC.
The
case is assigned to Judge Craig A. Gargotta.  The Debtor estimated
assets at $1 million to $10 million and liabilities at $10 million
to $50 million at the time of the filing.

Judge Craig A. Gargotta, the United States Bankruptcy Judge for
the
District of Texas, entered an order approving the appointment of
Randolph N. Osherow as Chapter 11 Examiner for the Debtor, Olmos
Equipment, Inc.


OSHKOSH CORP: S&P Revises Outlook to Positive & Affirms 'BB+' CCR
-----------------------------------------------------------------
S&P Global Ratings said that it has revised its outlook on Oshkosh
Corp. to positive from stable and affirmed all of its ratings,
including S&P's 'BB+' corporate credit rating, on the company.

"The outlook revision reflects the potential for an upgrade if the
company maintains its good credit measures and continues to pursue
a moderate financial policy, including an adjusted debt-to-EBITDA
ratio of below 2.5x and a FFO-to-total adjusted debt ratio of more
than 40%," said S&P Global credit analyst Steven Mcdonald.  "It
also includes our revised base-case expectations, which incorporate
our belief that Oshkosh has enhanced its ability to withstand
cyclical pressures and that improving trends in its Access
Equipment, Fire and Emergency, and Defense segments will provide it
with additional opportunities to improve its profitability and
credit measures."

The positive outlook on Oshkosh is based on S&P's expectation that
the company's operating performance will continue to be strong and
reflects the potential that S&P could upgrade the company if it
continues to pursue a moderate financial policy such that its
adjusted debt-to-EBITDA remains below 2.5x and its FFO-to-total
debt ratio remains above 40%.

S&P could raise its ratings on Oshkosh if the company can maintain
adjusted debt leverage of less than 2.5x with an FFO-to-total debt
ratio of more than 40%, even if some of its highly cyclical
nondefense businesses face challenging demand conditions.

S&P could revise its outlook on Oshkosh to stable if adverse
economic or competitive developments reduce the company's prospects
for profitability and positive free operating cash flow, or if it
makes aggressive financial policy decisions regarding acquisitions
or shareholder returns that cause its leverage to remain above
2.5x.



OUTSIDE PLANT: Hires Pitchford as Accountant
--------------------------------------------
Outside Plant Damage Recovery, LLC, seeks authority from the U.S.
Bankruptcy Court for the District of Colorado to employ Jeffrey M
Pitchford as accountant to the Debtor.

Outside Plant requires Pitchford to:

   a. provide tax preparation services to the Debtor; and

   b. provide assistance in the preparation of the month
      operating reports as necessary.

Pitchford will be paid at the hourly rate of $350.

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

Jeffrey M. Pitchford, assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtor and its estates.

Pitchford can be reached at:

     Jeffrey M. Pitchford
     1231 South Parker Road, Suite 203
     Denver, CO 80231

             About Outside Plant Damage Recovery, LLC

Outside Plant Damage Recovery, LLC d/b/a Paragon Risk Management
Group filed a Chapter 11 bankruptcy petition (Bankr. D.CO. Case No.
16-20629) on October 28, 2016. The Hon. Thomas B. McNamara presides
over the case. Adams Law, LLC represents the Debtor as counsel.

In its petition, the Debtor estimated $0 to $50,000 in assets and
$1 million to $10 million in liabilities. The petition was signed
by Joseph Fanciulli, owner.

The Office of the U.S. Trustee on Dec. 23 appointed two creditors
of Outside Plant Damage Recovery, LLC, to serve on the official
committee of unsecured creditors. The Committee members are Angela
N. Frazier, Esq., for Cox Communications, Inc., and Barry W. King,
MBA, J.D., for Charter Communications.



PALADIN ENERGY: Taps Anderson King Energy Consultants as Broker
---------------------------------------------------------------
Paladin Energy Corp seeks permission from U.S. Bankruptcy Court
from the Northern District of Texas, Dallas Division, to employ
Anderson King Energy Consultants, LLC, as broker.

Services that Anderson King will provide are:

     a. Develop an industry standard reserve report that
incorporates a credible and defendable upside potential analysis.

     b. Prepare sale materials that complement the reserve report
including an Executive Summary and Virtual Data Room (VDR).

     c. Develop a list of prospective buyers for the Properties and
interact with them through a marketing process.

     d. Solicit proposals.

     e. Advise the Company in the course of its negotiations with
prospective buyers.
Render other services to the Company as may be mutually agreed upon
between the parties.

The Debtor proposes to pay Anderson King a retainer of $25,000 upon
the earlier of  sale of the O&G Assets; or April 15th, 2017, to
begin executing on the services listed above. If Anderson King is
successful in selling substantially all of the assets, Anderson
King shall be paid three percent (3%) of the aggregate
consideration paid to the Debtor. The Debtor proposes to reimburse
Anderson King for any out-of-pocket expenses related to this
engagement.

Jon Dormer, partner at Anderson King, attests that Anderson King
does not hold or represent any interest adverse to the Debtor or
its Estate; and is a "disinterested person" as defined in section
101(14) of the Bankruptcy Code.

The Broker can be reached through:

     Jon Dormer
     ANDERSON KING ENERGY CONSULTANTS, LLC
     4925 Avenue #660
     Dallas, TX 75206
     Tel: (214) 270-0840

                             About Paladin Energy

Paladin Energy Corp., in existence since 1997, is in the oil and
gas business. Specifically, Paladin is a producer, owning or
otherwise having interests in numerous wells in Texas and New
Mexico from which the Debtor extracts oil and gas for sale to third
parties.

Paladin Energy sought chapter 11 protection (Bankr. N.D. Tex. Case
No. 16-31590) on April 21, 2016. The Debtor estimated assets and
debt of $10 million to $50 million.

The Debtor is represented by Davor Rukavina, Esq., at Munsch,
Hardt, Kopf & Harr, P.C., in Dallas, Texas.

MUFG, the Debtor's biggest creditor, holding over 97% of the total
value of claims in the case, is represented by David M. Bennett,
Esq., and Steven Levitt, Esq., at Thompson & Knight LLP, in Dallas,
Texas; and Tye C. Hancock, Esq., at Thompson & Knight LLP, in
Houston, Texas.


PALATIAL INVESTMENT: Hires Weinberger as Special Counsel
--------------------------------------------------------
Palatial Investment Corp., seeks authority from the U.S. Bankruptcy
Court for the District of Arizona to employ Weinberger Law as
special counsel to the Debtor.

Palatial Investment requires Weinberger to:

   a. litigate claims in Case No. 2:15-bk-08730, U.S. Bankruptcy
      Court for the District of Arizona, whether such claims are
      pursued in state or bankruptcy court;

   b. represent the Debtor in the bankruptcy case in connection
      with the Proof of Claims filed by Eastwest Secured
      Development LLC.

Weinberger will be paid a fixed fee of $45,000.  Weinberger will
also be reimbursed for reasonable out-of-pocket expenses incurred.

Brian A. Weinberger, member of Weinberger Law assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

Weinberger can be reached at:

     Brian A. Weinberger, Esq.
     WEINBERGER LAW
     5635 East Scottsdale Road, Suite 170
     Scottsdale, AZ 85250
     Tel: (480) 729-6275

                About Palatial Investment Corp.

Palatial Investment Corp., filed a Chapter 11 bankruptcy petition
(Bankr. D. Ariz. Case No. 15-08730) on July 14, 2015, disclosing
under $1 million in both assets and liabilities. The petition was
filed pro se. The Debtor hires Weinberger Law as special counsel.


PEABODY ENERGY: Moody's Retains (P)Ba3 Ratings on First Lien Debt
-----------------------------------------------------------------
Moody's Investors Service said that all provisional ratings of
Peabody Energy Corporation remain unchanged, including a
provisional corporate family rating (CFR) of (P)B1, a (P)Ba3
provisional rating on the first lien secured term loan, and a
(P)Ba3 provisional rating on $1 billion first lien secured notes
issued by the Peabody Securities Finance Corporation. The outlook
remains stable.

On February 6, 2017 the company announced that it intends to upsize
its proposed first-lien term loan to $950 million from $500
million, in lieu of $450 million in second lien debt.

The proposed debt offering will be used to exit bankruptcy with the
proceeds used to repay existing debt and pay related fees and
expenses. The provisional ratings were assigned pending the
emergence from bankruptcy and the closing of the proposed exit
financing. The company is expected to emerge from bankruptcy in the
next few months.

Upon emergence, Peabody Securities Finance Corporation will be
merged into Peabody Energy Corporation which will assume the
obligations under the notes. To the extent that the proposed
transaction does not close, the notes will be repaid from the
escrow account.

On January 26, 2017 the company announced that the U.S. Bankruptcy
Court for the Eastern District of Missouri has approved the
company's disclosure statement, enabling the company to solicit its
creditors to vote on the proposed plan of reorganization.

The ratings continue to reflect the company's diverse platform of
cost-competitive assets, including seven mining complexes in the
Western United States, nine in Midwestern United States, and nine
in Australia. While the company's US operations produce
cost-competitive thermal coal sold predominantly to domestic
utilities, the company's mines in Australia produce thermal and
metallurgical coal predominantly sold into the seaborne market.

The (P)Ba3 rating on the first lien debt reflects its priority
position with respect to claim on collateral, relative to unsecured
claims. The company's proposed capital structure consists of $950
million in first lien term loan and $1 billion of first lien
secured notes.

The stable outlook reflects Moody's expectations of positive free
cash flows and solid contracted position.

The ratings could be upgraded if the rate of secular decline in the
US thermal coal industry were to slow or reverse, and if
metallurgical coal markets were to show more stability and
predictability. The ratings could also be upgraded in the event of
material growth in scale and diversity.

The ratings could be downgraded if Debt/ EBITDA, as adjusted, were
to increase above 5x, if free cash flows were to turn negative, or
if liquidity were to deteriorate.

Peabody Energy Corporation is the world's largest private sector
coal company with coal mining operations in the US and Australia
and close to 6 billion tons of proven and probable reserves. As of
September 30, 2016, the company owned interests in 26 active coal
mining operations. For the nine months ended September 30, 2016 the
company generated $3.3 billion in revenues.


PEABODY ENERGY: Taps High-Yield Debt Markets
--------------------------------------------
Soma Biswas, writing for The Wall Street Journal Pro Bankruptcy,
reported that Peabody Energy Corp., which is making its way through
Chapter 11, and another coal miner, Blackhawk Mining, LLC, tapped
the high-yield loan and bond markets aiming to raise more than $2
billion in total debt.

According to the Journal, encouraging the companies' hopes of fresh
financing is improved pricing for coal after several years of
falling demand, as well as President Donald Trump's campaign
pledges to stand behind coal miners and roll back environmental
regulations.

The U.S.-based coal companies' ability to tap the debt markets is a
major turnaround from last year, when investors shunned coal
issuers, the Journal noted.

"It's a coal renaissance.  All these guys were dying on the vine,"
Neil Weiner, founder of Foxhill Capital Partners, a hedge fund that
focuses on distressed-debt investments, told the Journal.

The dramatic rally in coal prices, particularly metallurgical coal
used for steel making, has fueled demand for coal companies' debt,
the Journal related.  Prices for export-oriented coal used in
smelting tripled in the second half of 2016 to $300 a metric ton,
the Journal further related.  Although prices have since fallen to
$200 a ton, they remain double what they were a year ago, the
Journal said.

Companies hoping to capitalize on the improved climate include
Peabody, which launched an offering of $1.5 billion in high-yield
bonds and loans that it plans to use to pay off its senior bank
loans before it exits bankruptcy, the report noted.  The company's
ability to raise debt in the capital markets to pay off its most
senior lenders will enable junior creditors, including Elliott
Management Corp. and Aurelius Capital Management, to walk away with
full ownership of the company under a plan that remains subject to
court approval, the report said.

                 About Peabody Energy Corporation

Headquartered in St. Louis, Missouri, Peabody Energy Corporation
claims to be the world's largest private-sector coal company. As
of Dec. 31, 2014, the Company owned interests in 26 active coal
mining operations located in the United States (U.S.) and
Australia.  The Company has a majority interest in 25 of those
mining operations and a 50% equity interest in the Middlemount
Mine in Australia.  In addition to its mining operations, the
Company
markets and brokers coal from other coal producers, both as
principal and agent, and trade coal and freight-related contracts
through trading and business offices in Australia, China, Germany,

India, Indonesia, Singapore, the United Kingdom and the U.S.

Peabody posted a net loss of $1.988 billion for 2015, wider from
the net loss of $777 million in 2014 and the $513 million net loss

in 2013.

At Dec. 31, 2015, the Company had total assets of $11.02 billion
against $10.1 billion in total liabilities, and stockholders'
equity of $919 million.

On April 13, 2016, Peabody Energy Corp. and 153 affiliates filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code. The 154 cases are pending joint
administration before the Honorable Judge Barry S. Schermer under
(Bankr. E.D. Mo. Case No. 16-42529).

As of the Petition Date, PEC has approximately $4.3 billion in
outstanding secured debt obligations and $4.5 billion in
outstanding unsecured debt obligations.

The Debtors tapped Jones Day as general counsel; Armstrong,
Teasdale LLP as local counsel; Lazard Freres & Co. LLC and
investment banker Lazard PTY Limited as investment banker; FTI
Consulting, Inc., as financial advisors; and Kurtzman Carson
Consultants, LLC, as claims, ballot and noticing agent.

The Office of the U.S. Trustee on April 29, 2016, appointed seven
creditors of Peabody Energy Corp. to serve on the official
committee of unsecured creditors. The Committee retained Morrison
& Foerster LLP as counsel, Spencer Fane LLP as local counsel,
Curtis, Mallet-Prevost, Colt & Mosle LLP as conflicts counsel,
Blackacre LLC as its independent expert, and Berkeley Research
Group, LLC, as financial advisor.

Judge Barry S. Schermer of the U.S. Bankruptcy Court for the
Eastern District of Missouri on January 27, 2017, approved the
second amended disclosure statement explaining Peabody Energy
Corporation, et al.'s joint plan of reorganization and scheduled
the confirmation hearing for March 16, 2017, at 10:00 a.m., Central

Time.  Objections to confirmation of the Plan must be filed on or
before March 9.


PEABODY ENERGY: To Auction DTA Ownership Interest on March 6
------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Missouri
approved bidding procedures in connection with the sale by James
River Coal Terminal, LLC and Peabody Terminal, LLC, of their 37.5%
ownership interest in Dominion Terminal Associates ("DTA") to
Newport News Terminal Associates, LLC, for $10,000,000, subject to
overbid.  The key dates for the sale process are:

   Bid Deadline                   March 2, 2017
   Deadline to File Sale          March 2, 2017  
    and Cure Objections
   Deadline to File Adequate      March 2, 2017  
    Assurance Objections
   Auction Date                   March 6, 2017
   Deadline to Publish Results    March 7, 2017
    of Auction
   Sale Hearing                   March 9, 2017
   Closing                        Prior to April 15, 2017

As reported by the Troubled Company Reporter on Jan. 16, 2017,
Peabody Energy, Corp., and affiliates own an aggregate 37.5% share
in DTA.  DTA is a Virginia general partnership.  DTA operates a
coal export and ground storage facility at the Port of Hampton
Roads on the East Bank of the James River in Newport News,
Virginia.  DTA exports coal primarily to Asian, European and South
American markets.

Prior to the filing of the Motion, and beginning approximately in
September 2016, the Debtors' investment banker, Lazard Freres &
Co., LLC, marketed the Asset with the goal of obtaining a Stalking
Horse Bid ("Initial Marketing Process").  The Initial Marketing
Process included: (a) reaching out to 32 potential bidders, (b) the
execution of 10 confidentiality agreements that allowed the Debtors
and Lazard to share pertinent information regarding the asset to
potential bidders and (c) the receipt of four initial offers.

As part of the Initial Marketing Process, Lazard contacted each
other entity ("DTA Partners") that also owns an interest in DTA.
One of DTA Partners executed a confidentiality agreement and
received the bidding information.  The other DTA Partner chose not
to participate in the sale process.  Neither DTA Partner submitted
any offer for the Asset.  At the conclusion of the Initial
Marketing Process, the Debtors determined the Stalking Horse Bidder
had submitted the highest and best bid for the Asset to date.

The Debtors propose to conduct the sale of the Asset through the
Bidding Procedures to ensure that their estates realize the maximum
value for the Asset.  To optimally and expeditiously solicit,
receive and evaluate bids in a fair and accessible manner, the
Debtors have developed the Bidding Procedures to govern the Sale
Process.  The Debtors request that the Court approve the proposed
Sale Process and the Bidding Procedures.

According to TCR, the material terms of the Bidding Procedures
are:

   a. The Stalking Horse Bidder has placed a "Stalking Horse Bid"to
acquire the Asset pursuant to that certain Asset Purchase Agreement
dated Jan. 12, 2017.  The Stalking Horse Bid will be subject to
higher and better offers to acquire the Asset.  To facilitate a
competitive, value-maximizing Sale, the Debtor Sellers are
requesting authority, in the exercise of their business judgment
and in accordance with the Bidding Procedures, to offer the
Stalking Horse Bidder a Break-Up Fee of $200,000 or 2% of the
Stalking Horse Bid and reimbursement of the Stalking Horse Bidder's
reasonable fees and expenses in an amount no greater than $150,000
("Expense Reimbursement") ("Bid Protections").

   b. Bid Deadline:  March 2, 2017 at 4:00 p.m. (CT)

   c. Good Faith Deposit: At least 10% of the purchase price
proposed in the Qualified APA.

   d. Contain a written statement that the Bidder agrees to be
bound by the terms of the Bidding Procedures and the Bidding
Procedures Order and include a commitment that the Bidder will (a)
commence and complete all filings with respect to necessary
government and other approvals within 3 days following the entry of
the Sale Order and (b) consummate the purchase of the Asset by
April 15, 2017.

   e. The Debtors may extend the Bid Deadline until the start of
any Auction for one or more bidders without further notice.

   f. Notice of Qualified Bidders: A Bid that satisfies each of the
Bid Requirements, as determined in the Debtors' reasonable business
judgment, will constitute a "Qualified Bid" by a "Qualified
Bidder."  The Debtors will notify each Qualified Bidder that such
party is a Qualified Bidder within 2 days after the Bid Deadline.

   g. Auction: In the event the Debtors receive more than one
Qualified Bid, there will be an Auction on March 6, 2017 at 10:00
a.m. (E) at Jones Day, 901 Lakeside Avenue, Cleveland.  The
Stalking Horse APA will serve as the "Baseline Bid" at the
commencement of the Auction.

   h. Minimum Overbid: An amount no less than $450,000 greater than
the total consideration contained in the Stalking Horse Bid.

   i. Incremental Bid Amount: Subject to the Minimum Overbid,
Qualified Bidders will submit successive bids in increments to be
determined by the Debtors at the Auction.

   j. Proceeds: All valid and properly perfected liens against the
Asset will attach to the net proceeds of the Sale.

   k. No Qualified Bids: If the Debtors do not receive any
Qualified Bids with respect to the Asset, other than the Stalking
Horse Bid, the Debtors will report the same to the Court and
promptly proceed to seek the entry of the appropriate orders
approving the sale to the Stalking Horse Bidder.

To incentivize the Stalking Horse Bidder to complete the Stalking
Horse APA and to serve as Stalking Horse Bidder, the Debtors have
determined, in an exercise of their sound business judgment, to
provide the Stalking Horse Bidder with the Bid Protections in the
event that the Stalking Horse Bidder is not the Successful Bidder
at the auction.  Accordingly, the Debtors ask the Court to
authorize them to pay the Stalking Horse Bidder the Break-Up Fee
and the Expense Reimbursement in accordance with the terms of the
Stalking Horse APA.

To facilitate the Sale and the assumption and assignment of the
executory contracts and unexpired leases to be assumed and assigned
to the Successful Bidder(s) ("Assumed and Assigned Contracts"), the
Debtors propose to serve the Assumption and Assignment Notice as
soon as practicable after the entry of the Bidding Procedures
Order.  The Debtors request that the Court approve the procedures
for fixing any cure amounts owed in connection with the Assumed and
Assigned Contracts.

The Debtors submit that it is an exercise of their sound business
judgment to assume and assign the Assumed and Assigned Contracts to
the purchaser in connection with the Sale, and the assumption,
assignment and sale of Assumed and Assigned Contracts is in the
best interests of the Debtors, their estates and their creditors.
Accordingly, the Court should authorize the Debtor Sellers to
assume and assign the Assumed and Assigned Contracts as set forth.

The Debtors believe that the Bidding Procedures provide a framework
for the sale of the Asset that will enable the Debtors to review,
analyze and compare, in a relatively uniform fashion, all offers
received to determine which offer is the highest or otherwise best
and in the best interests of the Debtors' estates and creditors.
Accordingly, the Debtors ask that the Court approve the Bidding
Procedures.

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

          http://bankrupt.com/misc/Peabody_Energy_1964_Sales.pdf

As soon as is practicable following the conclusion of the Auction,
the Debtors will file the definitive purchase and sale agreement
for the Successful Bid.  The Debtors intend to present the
Successful Bid(s) to the Court at the Sale Hearing.  The Debtors
will be deemed to have accepted a Bid only when the Bid has been
approved by the Court at the Sale Hearing.  Upon the failure to
consummate the Sale after the Sale Hearing because of the
occurrence of a breach, default or termination by the proposed
purchaser under the terms of the Successful Bid, the Backup
Successful Bid will be deemed the Successful Bid without further
order of the Court, and the parties will be authorized to
consummate the transaction contemplated by the Backup Successful
Bid.

Following the approval of the Successful Bid(s) at the Sale
Hearing, the Debtor Sellers will be authorized to take any and all
actions necessary and appropriate to facilitate the Closing of the
Sale and implement the transactions contemplated by the Successful
Bid(s).

All objections to the relief requested in the proposed Bidding
Procedures Order (including any objection that the Assigned
Contracts may not be assumed and assigned by the Debtor Sellers to
the Successful Bidder due to any right of first refusal, consent
right or other similar restriction) must be submitted on Jan. 19,
2017 at  4:00 p.m. (CT).

All objections to the Sale, the assumption and assignment of the
Assumed and Assigned Contracts (other than any objection that the
Assigned Contracts may not be assumed and assigned by the Debtor
Sellers to the Successful Bidder due to any right of first refusal,
consent right or other similar restriction) and any other relief
requested in the Motion other than the relief granted by the Court
in the Bidding Procedures Order, must be submitted on March 2, 2017
at 4:00 p.m.

Because of the potentially diminishing value of the Asset, the
Debtor Sellers must close the sale free and clear of all liens,
claims, interests and encumbrances promptly after all closing
conditions have been met or waived.  Accordingly, the Debtors ask
the Court that the 14-day stay period be eliminated to allow a sale
or other transaction to close immediately where there has been no
objection to the procedure.

The Purchaser:

          Ernie L. Thrasher, CEO
          NEWPORT NEWS TERMINAL ASSOCIATES, LLC
          One Energy Place, Suite 9000
          Latrobe, PA 15650
          E-mail: ernie.thrasher@xcoal.com

The Purchaser is represented by:

          Bradley E. Smith, Esq.
          MCCANN GARLAND RIDALL & BURKE
          816 Ligonier Street, Suite 600
          Latrobe, PA 15650
          E-mail: bsmithmgrb@comcast.net

                   - and -

          Charlie Carpenter, Esq.
          David Hammerman, Esq.
          LATHAM & WATKINS LLP
          885 Third Avenue
          New York, NY 10022
          Facsimile: (212) 751-4864
          E-mail: charlie.carpenter@lw.com
                  david..hammerman@lw.com

               About Peabody Energy Corporation

Headquartered in St. Louis, Missouri, Peabody Energy Corporation
claims to be the world's largest private-sector coal company.  As
of Dec. 31, 2014, the Company owned interests in 26 active coal
mining operations located in the United States (U.S.) and
Australia.  The Company has a majority interest in 25 of those
mining operations and a 50% equity interest in the Middlemount Mine
in Australia.  In addition to its mining operations, the Company
markets and brokers coal from other coal producers, both as
principal and agent, and trade coal and freight-related contracts
through trading and business offices in Australia, China, Germany,
India, Indonesia, Singapore, the United Kingdom and the U.S.

Peabody posted a net loss of $1.988 billion for 2015, wider from
the net loss of $777 million in 2014 and the $513 million net loss
in 2013.

At Dec. 31, 2015, the Company had total assets of $11.02 billion
against $10.1 billion in total liabilities, and stockholders'
equity of $919 million.

On April 13, 2016, Peabody Energy Corp. and 153 affiliates filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code.  The 154 cases are pending joint
administration before the Honorable Judge Barry S. Schermer under
(Bankr. E.D. Mo. Case No. 16-42529).

As of the Petition Date, PEC has approximately $4.3 billion in
outstanding secured debt obligations and $4.5 billion in
outstanding unsecured debt obligations.

The Debtors tapped Jones Day as general counsel; Armstrong,
Teasdale LLP as local counsel; Lazard Freres & Co. LLC and
investment banker Lazard PTY Limited as investment banker; FTI
Consulting, Inc., as financial advisors; and Kurtzman Carson
Consultants, LLC, as claims, ballot and noticing agent.

The Office of the U.S. Trustee on April 29, 2016, appointed seven
creditors of Peabody Energy Corp. to serve on the official
committee of unsecured creditors.  The Committee retained Morrison
& Foerster LLP as counsel, Spencer Fane LLP as local counsel,
Curtis, Mallet-Prevost, Colt & Mosle LLP as conflicts counsel,
Blackacre LLC as its independent expert, and Berkeley Research
Group, LLC, as financial advisor.


PEABODY ENERGY: Unit to Launch Offering of $1-Bil. Sr. Sec. Notes
-----------------------------------------------------------------
Peabody Energy Corporation on Feb. 1 disclosed that a special
purpose wholly owned subsidiary of the company intends to offer up
to $1.0 billion aggregate principal amount of senior secured notes
due 2022, subject to market conditions.  The offering will be
exempt from the registration requirements of the Securities Act of
1933 (the "Securities Act").

The notes are being offered in connection with the restructuring of
Peabody as part of the Second Amended Joint Plan of Reorganization
filed with the U.S. Bankruptcy Court for the Eastern District of
Missouri on Jan. 27, 2017.  If Peabody's plan of reorganization is
confirmed and certain other conditions are satisfied on or before
Aug. 1, 2017, the net proceeds from the offering will be released
from escrow to fund a portion of the distributions to creditors
provided for under the plan of reorganization, and Peabody will
become the obligor under the notes.

Following Peabody's emergence from bankruptcy, the notes will be
jointly and severally and fully and unconditionally guaranteed on a
senior secured basis by substantially all of Peabody's current and
future direct or indirect U.S. subsidiaries (subject to certain
exceptions) and will be secured by a first priority lien on
substantially all of Peabody's tangible and intangible assets
(subject to certain exceptions).

The notes and related guarantees will be offered only to qualified
institutional buyers under Rule 144A of the Securities Act, and to
non-U.S. persons in transactions outside the United States under
Regulation S of the Securities Act.  The notes have not been, and
will not be, registered under the Securities Act and may not be
offered or sold in the United States absent registration or an
applicable exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and other
applicable securities laws.

                About Peabody Energy Corporation

Headquartered in St. Louis, Missouri, Peabody Energy Corporation
claims to be the world's largest private-sector coal company.  As
of Dec. 31, 2014, the Company owned interests in 26 active coal
mining operations located in the United States (U.S.) and
Australia.  The Company has a majority interest in 25 of those
mining operations and a 50% equity interest in the Middlemount Mine
in Australia.  In addition to its mining operations, the Company
markets and brokers coal from other coal producers, both as
principal and agent, and trade coal and freight-related contracts
through trading and business offices in Australia, China, Germany,
India, Indonesia, Singapore, the United Kingdom and the U.S.

Peabody posted a net loss of $1.988 billion for 2015, wider from
the net loss of $777 million in 2014 and the $513 million net loss
in 2013.

At Dec. 31, 2015, the Company had total assets of $11.02 billion
against $10.1 billion in total liabilities, and stockholders'
equity of $919 million.

On April 13, 2016, Peabody Energy Corp. and 153 affiliates filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code.  The 154 cases are pending joint
administration before the Honorable Judge Barry S. Schermer under
(Bankr. E.D. Mo. Case No. 16-42529).

As of the Petition Date, PEC has approximately $4.3 billion in
outstanding secured debt obligations and $4.5 billion in
outstanding unsecured debt obligations.

The Debtors tapped Jones Day as general counsel; Armstrong,
Teasdale LLP as local counsel; Lazard Freres & Co. LLC and
investment banker Lazard PTY Limited as investment banker; FTI
Consulting, Inc., as financial advisors; and Kurtzman Carson
Consultants, LLC, as claims, ballot and noticing agent.

The Office of the U.S. Trustee on April 29, 2016, appointed seven
creditors of Peabody Energy Corp. to serve on the official
committee of unsecured creditors.  The Committee retained Morrison
& Foerster LLP as counsel, Spencer Fane LLP as local counsel,
Curtis, Mallet-Prevost, Colt & Mosle LLP as conflicts counsel,
Blackacre LLC as its independent expert, and Berkeley Research
Group, LLC, as financial advisor.


PERFORMANCE SPORTS: Obtains Court Approval for Asset Sale
---------------------------------------------------------
Performance Sports Group Ltd., a developer and manufacturer of high
performance sports equipment and apparel, on Feb. 6, 2017,
disclosed it has obtained the approval of the United States
Bankruptcy Court for the District of Delaware and the Ontario
Superior Court of Justice (together, the "Courts") for the sale of
substantially all of the assets of the Company and its North
American subsidiaries to an acquisition vehicle co-owned by
affiliates of Sagard Holdings Inc. and Fairfax Financial Holdings
Limited for a base purchase price of U.S. $575 million in
aggregate, subject to certain adjustments, and the assumption of
related operating liabilities pursuant to the "stalking horse"
asset purchase agreement.

The Company anticipates that the completion of the sale will occur
on or about Feb. 23, 2017, but not later than Feb. 27, 2017,
subject to the receipt of applicable regulatory approvals and the
satisfaction or waiver of other customary closing conditions.
While the sale order was received today, the Courts will continue
on Wednesday, February 8 to consider a limited objection related to
the assignment to the purchaser of a license and related agreements
with Q30 Sports, LLC.  The assignment of this license and related
agreements is a condition to closing.

"We are pleased to have received the Courts' approval of the sale
of Performance Sports Group's business to an investor group led by
Sagard Holdings and Fairfax Financial, which we continue to believe
represents the best path forward for our customers, vendors, retail
and business partners, employees and other stakeholders," said
Harlan Kent, Chief Executive Officer, Performance Sports Group.
"We look forward to completing the sale in the coming weeks and we
remain focused on continuing to deliver our high-quality products
across all our brands to our customers and consumers."

Paul Desmarais III, Executive Chairman of Sagard Capital, said: "We
are very pleased to have achieved [Mon]day's important milestone in
the U.S. and Canadian courts.  We are looking forward to continuing
work with Fairfax and the PSG team to build an even stronger
company for the long term around its iconic sporting brands."

Paul Rivett, President of Fairfax, said: "We are extremely excited
to have the best brands and a partnership with Sagard that provides
the stable, long-term ownership necessary to continue innovating
for the future."

Performance Sports Group anticipates that its operations will
continue uninterrupted in the ordinary course of business and that
day-to-day obligations to its employees, suppliers of goods and
services and customers will continue to be met through to closing
of the sale.

MCTO By-Weekly Regulatory Update

In addition, the Company is providing a bi-weekly status update in
accordance with its obligations under the alternative information
guidelines set out in National Policy 12-203 - Cease Trade Orders
for Continuous Disclosure Defaults ("NP 12-203").  As previously
announced, the Company is subject to a management cease trade order
issued by the Ontario Securities Commission, the Company's
principal regulator in Canada, in connection with the delayed
filing of its Annual Report on Form 10-K, including its annual
audited financial statements for the fiscal year ended May 31, 2016
and the related management's discussion and analysis (collectively,
the "Annual Filings"), and the Company advises that (i) there have
been no material changes to the information relating to the delayed
filing of its Annual Filings, (ii) it intends to continue to comply
with the alternative information guidelines of NP 12-203; (iii)
except as previously disclosed, there are no subsequent specified
defaults (actual or anticipated) within the meaning of NP 12-203;
and (iv) there is no other material information concerning the
Company and its affairs that has not been generally disclosed as of
the date of this press release.

                    About Performance Sports

Exeter, N.H.-based Performance Sports Group Ltd. (NYSE: PSG)
(TSX:PSG) -- http://www.PerformanceSportsGroup.com/-- is a
developer and manufacturer of ice hockey, roller hockey, lacrosse,
baseball and softball sports equipment, as well as related apparel
and soccer apparel.  Its products are marketed under the BAUER,
MISSION, MAVERIK, CASCADE, INARIA, COMBAT and EASTON brand names
and are distributed by sales representatives and independent
distributors throughout the world.  In addition, the Company
distributes its hockey products through its Burlington,
Massachusetts and Bloomington, Minnesota Own The Moment Hockey
Experience retail stores.

On Oct. 31, 2016, Performance Sports Group Ltd. and certain of its
affiliates have filed voluntary petitions under Chapter 11 of the
Bankruptcy Code in the District of Delaware and commenced
proceedings under the Companies' Creditors Arrangement Act in the
Ontario Superior Court of Justice.

The U.S. Debtors are: BPS US Holdings Inc.; Bauer Hockey, Inc.;
Easton Baseball/Softball Inc.; Bauer Hockey Retail Inc.; Bauer
Performance Sports Uniforms Inc.; Performance Lacrosse Group Inc.;
BPS Diamond Sports Inc.; and PSG Innovation Inc.

The Canadian Debtors are: Performance Sports Group Ltd.; KBAU
Holdings Canada, Inc.; Bauer Hockey Retail Corp.; Easton Baseball
/Softball Corp.; PSG Innovation Corp. Bauer Hockey Corp.; BPS
Canada Intermediate Corp.; BPS Diamond Sports Corp.; Bauer
Performance Sports Uniforms Corp.; and Performance Lacrosse Group
Corp.

Ernst & Young Inc., serves as monitor to the Company in the
Canadian Proceedings.

The Debtors have hired Paul, Weiss, Rifkind, Wharton & Garrison LLP
as counsel; Young Conaway Stargatt & Taylor, LLP as co-counsel;
Stikeman Elliott LLP as Canadian legal counsel; Centerview LLP as
investment banker to the special committee; Alvarez & Marsal North
America, LLC, as restructuring advisor; Joele Frank, Wilkinson,
Brimmer, Katcher as communications & relations advisor; KPMG LLP as
auditors; Ernst & Young LLP as CCAA monitor; and Prime Clerk LLC as
notice, claims, solicitation and balloting agent.

Andrew R. Vara, Acting U.S. Trustee for Region 3, has appointed
three creditors of BPS US Holdings, Inc., parent of Performance
Sports, to serve on the official committee of unsecured creditors.

The Creditors' Committee retained by Blank Rome LLP as counsel,
Cassels Brock & Blackwell LLP as Canadian co-counsel, and Province
Inc. as financial advisor.

The U.S. Trustee also has appointed a official committee of equity
security holders.  The equity committee is represented by Natalie
D. Ramsey, Esq., and Mark A. Fink, Esq., at Montgomery, McCracken,
Walker & Rhoads, LLP; and Robert J. Stark, Esq., Steven B. Levine,
Esq., James W. Stoll, Esq., and Andrew M. Carty, Esq., at Brown
Rudnick LLP.


PHILADELPHIA HEALTH SYSTEM: Ombudsman Taps Gibbons as Counsel
-------------------------------------------------------------
David Crapo, the patient care ombudsman appointed in North
Philadelphia Health System's Chapter 11 case, seeks approval from
the U.S. Bankruptcy Court for the Eastern District of Pennsylvania
to hire legal counsel.

Mr. Crapo proposes to hire Gibbons P.C. to represent him in any
proceeding where the rights of patients may be affected as a result
of the Debtor's bankruptcy; give legal advice regarding any
potential reorganization or sale of assets; and provide other legal
services.

Mark Conlan, Esq., and David Crapo, Esq., the attorneys designated
to represent the ombudsman, will be paid $555 per hour and $540 per
hour, respectively.  The hourly rate for Ellen Rosen, the firm's
senior paralegal, is $265.

Gibbons does not hold or represent any interest adverse to the
Debtor or its bankruptcy estate, and is a "disinterested person" as
defined in section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Mark Conlan, Esq.
     Gibbons P.C.
     One Logan Square
     130 N. 18th Street, Suite 1210
     Philadelphia, PA 19103-2757
     Tel: 215-665-0400
     Fax: 215-636-0366
     Email: mconlan@gibbonslaw.com

            About North Philadelphia Health System

North Philadelphia Health System, a Pennsylvania non-profit,
non-stock, non-member corporation, operates the Girard Medical
Center, a state-licensed 65-person private psychiatric hospital,
and the Goldman Clinic, a medically assisted treatment center,
located Philadelphia, Pennsylvania.

North Philadelphia Health System sought protection under Chapter 11
of the Bankruptcy Code (Bankr. E. D. Pa. Case No. 16-18931) on
December 30, 2016.  The petition was signed by George Walmsley III,
president & CEO.   The case is assigned to Judge Magdeline D.
Coleman.

At the time of the filing, the Debtor estimated its assets and
liabilities at $10 million to $50 million.

On January 13, 2017, the Office of the U.S. Trustee appointed David
N. Crapo as patient care ombudsman for the Debtor.


PIKE COUNTY: S&P Affirms 'BB+' Underlying Rating on Bonds
---------------------------------------------------------
S&P Global Ratings revised its outlook to positive from negative
and affirmed its 'BB+' underlying rating on bonds issued for and by
Pike County School Corp., Ind.  At the same time, S&P affirmed its
'AA+' long-term rating and underlying rating (SPUR) on the
district's previously issued bonds that qualify for Indiana's State
Aid Intercept program.  The strength and availability of state aid
to intercept program participants supports the program's credit
characteristics.  The outlook on these ratings is stable.

"The outlook revision reflects the significant progress made by
management in reducing the budget deficit since our last review,
which took into account management's forecast two years ago that it
expected the general fund cash balance to remain negative in the
foreseeable future and that it would take five years to cure the
budget imbalance," said S&P Global Ratings credit analyst Anna
Uboytseva.

S&P believes that the rating is still constrained by vulnerable
financial management practices and the district's reliance on
nonsustainable transfers into the rainy-day to provide general fund
relief.  S&P also thinks that the road to a full recovery remains a
long one.  However, recognizing the change in the financial
direction since S&P's last review, it revised the outlook to
positive to reflect management's focus on maintaining balanced
operations and keeping reserves at a positive level.  S&P believes
that there is a one-in-three chance the rating could be raised over
the next two years if the positive trend continues.



PINNACLE AUTO LEASE: Taps B. David Sisson as Legal Counsel
----------------------------------------------------------
Pinnacle Auto Lease Inc. seeks approval from the U.S. Bankruptcy
Court for the Western District of Oklahoma to hire legal counsel.

The Debtor proposes to hire the Law Offices of B. David Sisson to
give legal advice regarding its duties under the Bankruptcy Code,
and provide other legal services related to its Chapter 11 case.

B. David Sisson, Esq., the attorney designated to represent the
Debtor, will be paid an hourly rate of $300.

The firm has no connection with any creditor or person adverse to
the interest of the Debtor or its bankruptcy estate, according to
court filings.

Sisson can be reached through:

     B. David Sisson, Esq.
     Law Offices of B. David Sisson
     224 W. Gray
     Suite 101, Old Towne Square
     Norman, OK 73069
     Phone: 405-447-2521
     Fax: 405-447-2552

                    About Pinnacle Auto Lease

Pinnacle Auto Lease Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Okla. Case No. 17-10319) on February
2, 2017.  The case is assigned to Judge Sarah A. Hall.

At the time of the filing, the Debtor estimated its assets and
liabilities at $10 million to $50 million.


PLANDAI BIOTECHNOLOGY: Terminates Registration of Common Stock
--------------------------------------------------------------
Plandai Biotechnology, Inc., filed with the Securities and Exchange
Commission a Form 15 notifying the terminatation of the
registration of its common stock under Section 12(g) of the
Securities Exchange Act of 1934.  As of Jan. 31, 2017, there were
147 holders of record of the Company's securities.  A full-text
copy of the regulatory filing is available for free at:

                     https://is.gd/VPJl9Y

                        About Plandai

Based in Goodyear, Arizona, Plandai Biotechnology, Inc., through
its recent acquisition of Global Energy Solutions, Ltd., and its
subsidiaries, focuses on the farming of whole fruits, vegetables
and live plant material and the production of proprietary
functional foods and botanical extracts for the health and
wellness industry.  Its principle holdings consist of land, farms
and infrastructure in South Africa.

Plandai reported a net loss of $10.07 million on $92,900 of
revenues for the year ended June 30, 2015, compared to a net loss
of $16.04 million on $266,000 of revenues for the year ended June
30, 2014.

As of March 31, 2016, Plandai had $6.62 million in total assets,
$17.1 million in total liabilities, and a stockholders' deficit of
$10.4 million.

Pritchett, Siler & Hardy P.C., in Farmington, Utah, issued a "going
concern" qualification on the consolidated financial statements for
the year ended June 30, 2015, citing that the Company Company
suffered a loss from operations during the years ended June 30,
2015 and 2014, has yet to establish a reliable, consistent and
proven source of revenue to meet its operating costs on an ongoing
basis and currently does not have sufficient available funding to
fully implement its business plan.  These factors raise substantial
doubt about its ability to continue as a going concern.


POSITIVEID CORP: Closes $412,500 SPA with GHS Investments
---------------------------------------------------------
PositiveID Corporation closed a securities purchase agreement with
GHS Investments, LLC, dated Jan. 30, 2017, providing for the
purchase of a secured convertible promissory note in the aggregate
principal amount of up to $412,500, with the first tranche funded
being in the amount of $125,000.  

Subsequent tranches will be delivered to the Company approximately
bi-weekly and at the sole discretion of GHS.  The Note has a 10%
original issuance discount to offset transaction, diligence and
legal costs.  The Note bears an interest rate of 10%, which is
payable in the Company's common stock based on the conversion
formula, and the maturity date for each funded tranche will be 12
months from the date on which the funds are received by the
Company.  The Note may be converted by GHS at any time into shares
of Company's common stock at a 37.5% discount off the lowest
closing bid price for the Company's common stock during the 20
trading days immediately preceding a conversion date.  The Note is
secured by all property of the Company.  As set forth in the SPA,
however, the Note ranks junior to the security interests of three
other creditors of the Company.

The Note is a long-term debt obligation that is material to the
Company.  The Note may be prepaid in accordance with the terms set
forth in the Note.  The Note also contains certain representations,
warranties, covenants and events of default including if the
Company is delinquent in its periodic report filings with the SEC,
and increases in the amount of the principal and interest rates
under the Note in the event of such defaults. In the event of
default, at the option of GHS and in GHS's sole discretion, GHS may
consider the Note immediately due and payable.

                      About PositiveID

Delray Beach, Fla.-based PositiveID Corporation has historically
developed, marketed and sold RFID systems used for the
identification of people in the healthcare market.  Beginning in
early 2011, the Company has focused its strategy on the growth of
its HealthID business, including the continued development of its
GlucoChip, its Easy Check breath glucose detection device, its
iglucose wireless communication system, and potential strategic
acquisition opportunities of businesses that are complementary to
its HealthID business.

PositiveID reported a net loss attributable to common stockholders
of $11.5 million on $2.94 million of revenues for the year ended
Dec. 31, 2015, compared with a net loss attributable to common
stockholders of $8.22 million on $945,000 of revenues for the year
ended Dec. 31, 2014.

As of Sept. 30, 2016, PositiveID had $2.61 million in total assets,
$12.93 million in total liabilities, and a total stockholders'
deficit of $10.32 million.

Salberg & Company, P.A., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company reported a
net loss, and used cash for operating activities of approximately
$11,404,000 and $4,507,000 respectively, in 2015.  At Dec. 31,
2015, the Company had a working capital deficiency, a stockholders'
deficit and an accumulated deficit of approximately $10,694,000,
$11,842,000 and $144,161,000 respectively.  These matters raise
substantial doubt about the Company's ability to continue as a
going concern.


POSITIVEID CORP: Files Amended Certificate of Incorporation
-----------------------------------------------------------
The majority stockholders of PositiveID Corporation voted on Dec.
20, 2016, to approve and adopt a Certificate of Amendment to the
Company's Third Amended and Restated Certificate of Incorporation,
to increase the Company's authorized capital stock from
3,900,000,000 shares to 20,000,000,000 shares, such that the
capital stock of the company will consist of 19,995,000,000 shares
of common stock, par value $0.0001 per share, and 5,000,000 shares
of preferred stock, par value $0.001 per share.

On Jan. 30, 2017, the Company filed the Amendment to the Company's
Certificate of Incorporation with the Secretary of State of the
State of Delaware.

                       About PositiveID

Delray Beach, Fla.-based PositiveID Corporation has historically
developed, marketed and sold RFID systems used for the
identification of people in the healthcare market.  Beginning in
early 2011, the Company has focused its strategy on the growth of
its HealthID business, including the continued development of its
GlucoChip, its Easy Check breath glucose detection device, its
iglucose wireless communication system, and potential strategic
acquisition opportunities of businesses that are complementary to
its HealthID business.

PositiveID reported a net loss attributable to common stockholders
of $11.5 million on $2.94 million of revenues for the year ended
Dec. 31, 2015, compared with a net loss attributable to common
stockholders of $8.22 million on $945,000 of revenues for the year
ended Dec. 31, 2014.

As of Sept. 30, 2016, PositiveID had $2.61 million in total assets,
$12.93 million in total liabilities, and a total stockholders'
deficit of $10.32 million.

Salberg & Company, P.A., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company reported a
net loss, and used cash for operating activities of approximately
$11,404,000 and $4,507,000 respectively, in 2015.  At Dec. 31,
2015, the Company had a working capital deficiency, a stockholders'
deficit and an accumulated deficit of approximately $10,694,000,
$11,842,000 and $144,161,000 respectively.  These matters raise
substantial doubt about the Company's ability to continue as a
going concern.


POST HOLDINGS: Moody's Assigns B3 Rating to $1.5BB Unsec. Notes
---------------------------------------------------------------
Moody's Investors Service has assigned B3 ratings to Post Holdings,
Inc.'s proposed $1.5 billion of senior unsecured notes being
offered. The proceeds will be used primarily to fund the redemption
of $1.08 billion of existing senior unsecured notes. Any remaining
proceeds will be used for general corporate purposes, including to
supplement cash balances and to fund future acquisitions. Moody's
also affirmed all of Post's existing ratings, including: the B2
Corporate Family Rating, B2-PD Probability of Default, SGL-2
Speculative Grand Liquidity, Ba2 senior secured debt and B3 senior
unsecured debt. The rating outlook is stable.

The proposed notes will be issued in two tranches consisting of
8-year notes and 10-year notes. The notes that Post intends to
redeem are $875 million of 6.75% senior unsecured notes due 2021
and $133 million of 7.375% senior unsecured notes due 2022. The
ratings on these notes will be withdrawn upon repayment. At
closing, Post's cash balances will approximate $1.3 billion.

RATINGS RATIONALE

Post's B2 Corporate Family Rating reflects its investment holding
company profile, characterized by a serial pace of acquisitions
that results in periods of high financial leverage. It also
reflects a portfolio that includes businesses that are exposed to
earnings volatility, including MOM Brands and Michael Foods.
Moody's expects that Post's future financial strategy will be
driven substantially by its access to acquisition financing, which
the rating agency expects will continue to include a combination of
debt and equity issuances. In its ratings, Moody's has taken into
consideration the company's good sales diversification, its
relatively strong operating profit margins, and high profitability
and cash flow generated by its RTE cereal businesses, and its
strong North American market position in commercial egg products.

The following actions have been taken on Post Holdings, Inc.

Rating assigned:

Proposed guaranteed senior unsecured notes due March 2025 at B3
(LGD 4);

Proposed guaranteed senior unsecured notes due March 2027 at B3
(LGD 4).

Ratings affirmed:

Corporate family rating at B2;

Probability of default rating at B2-PD;

Speculative grade liquidity rating at SGL-2;

Senior secured bank credit facilities at Ba2 (LGD 1);

Gtd. senior unsecured global notes at B3 (LGD 4).

The rating outlook is stable.

After giving effect to the proposed transaction, the amount of
senior unsecured debt in Post's capital structure will total $5.1
billion, compared to zero secured debt outstanding under its $400
million revolving credit facility. This preponderance of unsecured
debt in Post's capital structure would typically warrant an upgrade
of these instrument ratings to the company's B2 Corporate Family
Rating based on Moody's Loss Given Default ("LGD") Methodology (the
Ba2 secured debt ratings are unaffected). However, because Moody's
believes that it is likely that over the next year Post will fund
future acquisitions with additional secured debt, Moody's has
overridden the LGD Methodology outcome and maintained B3 ratings on
the secured debt instruments.

The stable rating outlook reflects Moody's expectation that Post
will continue to pursue growth primarily through debt-financed
acquisitions, and maintain relatively high financial leverage.

The ratings could be downgraded if operating performance
deteriorates, if debt to EBITDA is sustained above 7.0 times, or if
free cash flow turns negative.

The ratings could be upgraded if the pace of Post's acquisition
slows, operating profit margins stabilize in the RTE cereal and egg
businesses, and debt to EBITDA is sustained below 5.75 times.

The principal methodology used in these ratings was Global Packaged
Goods published in January 2017.

CORPORATE PROFILE

Post Holdings, based in St. Louis Missouri, is a manufacturer of
shelf-stable cereal, value-added egg products, branded potatoes and
cheese, active nutrition products and private label peanut butter
and granola. Annual sales approximate $5 billion.


POST HOLDINGS: S&P Assigns 'B' Rating on New $1.5BB Unsec. Notes
----------------------------------------------------------------
S&P Global Ratings said that it assigned its 'B' issue-level
ratings to Post Holdings Inc.'s proposed $1.5 billion senior
unsecured notes, to be issued in two tranches due 2025 and 2027.
The recovery rating is '3', indicating S&P's expectations for
meaningful (50% to 70%, at the lower half of the range) recovery in
the event of a payment default.  The company intends to use net
proceeds from the offering to refinance its existing $875 million
6.75% senior unsecured notes due 2021, and to cover breakage fees
and expenses.  Remaining proceeds will be used for general
corporate purposes, which S&P expects would include acquisitions.
S&P will withdraw the ratings on the refinanced facilities upon the
close of this transaction.  The unsolicited rating on the company's
$400 million revolver due 2019 remains 'BB-' with a '1' recovery
rating, indicating S&P's expectations for very high (90% to 100%)
recovery in the event of a payment default.  The ratings are based
on preliminary terms and are subject to review upon receipt of
final documentation.

As of Dec. 31, 2016, S&P estimates the company had roughly
$4.6 billion in reported debt outstanding.  Following this
transaction, the company will have about $5.1 billion debt
outstanding.  Pro forma for this transaction, S&P estimates debt
leverage for the 12 months ended Dec. 31, 2016, of about 4.5x.  S&P
estimates that Post will maintain debt leverage of at least 4x
because it anticipates that the company will continue to make
acquisitions.

Post is a holding company with operating companies that
manufacture, market, and distribute branded and private-label
ready-to-eat (RTE) cereals, protein products, value-added egg
products, branded potatoes and cheese, and private label peanut
butter and granola.  Post has shifted its strategy from being a
pure-play cereal manufacturer to a holding company that has
diversified its business mix with several acquisitions.  S&P
expects the company will continue to diversify as it makes
additional acquisitions.  Geographic diversification is limited,
with more than 90% of sales generated in the U.S. and most of the
remainder in Canada.  Since 2012, Post has paid over $5 billion for
acquisitions, and S&P expects the company to continue to
aggressively pursue targets to improve the scale of its existing
segments.  S&P believes that the company has meaningful scale in
the consumer brands segment following the MOM Brands acquisition in
May 2015, which strengthened its No. 3 position in the U.S. RTE
cereal market.  S&P believes that additional acquisition
opportunities will likely be in the foodservice, protein-related,
active nutrition, and private label categories, because of the
fragmented nature of those categories, which would provide
opportunities for greater synergies and bolster those segments'
margins.

                         RECOVERY ANALYSIS

Key analytical factors

Capital Structure:
The issuer of all of the company's debt is Post Holdings Inc.
Following this transaction, the company's debt structure will
consist of:

   -- $400 million revolving credit facility due 2019
   -- $630 million 6% senior unsecured notes due 2022
   -- $800 million 7.75% senior unsecured notes due 2024
   -- $400 million 8% senior unsecured notes due 2025
   -- $1.75 billion 5% senior unsecured notes due 2026
   -- New $1.5 billion senior unsecured notes due 2025 and 2027

Security and guarantee package:
The issuer of the notes is Post Holdings Inc.  The notes will be
fully and unconditionally guaranteed on a senior unsecured basis of
the company's existing and future domestic subsidiaries.  The
company's foreign subsidiaries will not guarantee the notes and
account for less than 9% of the company's sales.

Covenants:

Under the company's revolver, Post is subject to a maximum secured
leverage ratio of 3x and a minimum consolidated interest coverage
ratio of 1.75x.  S&P expects the company will continue to maintain
ample cushion on these covenants.

Insolvency regimes:

Post Holdings Inc. is incorporated and headquartered in the U.S. In
the event of an insolvency proceeding, S&P anticipates that the
company would file for bankruptcy protection under the auspices of
the U.S. federal bankruptcy court system and would be unlikely to
involve other foreign jurisdictions.

Simulated default assumptions:

S&P Global Ratings' simulated default scenario is driven by
strained liquidity from weak sales and profitability.  This could
occur as a result of heightened competitive pressures, combined
with higher commodity costs and consumer preference for other
products, or a major product recall.  These factors hamper margins
and cash flow, resulting in an inability to meet fixed charges.

   -- Year of default: 2019
   -- EBITDA at emergence: $538 million
   -- Implied enterprise value multiple: 7x

S&P's emergence level EBITDA of $538 million takes into
consideration a 25% operational adjustment (to reflect some
recoupment of sales volume and cost-cutting efforts that improve
margins) on top of the default level EBITDA.  The default EBITDA
roughly reflects fixed-charge requirements of about $328.0 million
in interest costs (assumes higher rate because of default and
includes prepetition interest) and $102 million in minimal capital
expenditure (capex) assumed at default.  S&P estimates a gross
valuation of $3.8 billion, assuming a 7x EBITDA multiple.  This is
within the range S&P used for some of the company's peers.

Calculation of EBITDA at emergence:

   -- Debt service assumption: $328 million (assumed default year
      interest)
   -- Minimum capex assumption: $102 million
   -- Preliminary emergence EBITDA: $431 million
   -- Operational adjustment: 25%
   -- Emergence EBITDA: $538 million

Simplified waterfall
   -- Emergence EBITDA: $538 million
   -- Multiple: 7x
   -- Gross recovery value: $3.8 billion
   -- Net recovery value for waterfall after administrative
      expenses (5%): $3.6 billion
   -- Obligor/nonobligor valuation split: 90%/10%
   -- Collateral value available to secured debt: $3.5 billion
   -- Estimated senior secured claims: $353 million
   -- Recovery range for senior secured debt: 90%-100%
   -- Remaining value to unsecured claims: $3.2 billion
   -- Estimated unsecured debt claims: $5.3 billion
   -- Recovery range for unsecured debt: 50%-70%, lower half of
      the range

RATINGS LIST

Post Holdings Inc.
Corporate Credit Rating                    B/Stable

New Rating

Post Holdings Inc.
Senior Unsecured
$750 mil sr notes due 2025                 B
Recovery Rating                            3L
$750 mil sr notes due 2027                 B
Recovery Rating                            3L


POWER COOLING: Hires Rafael Fernandez Torres as Accountant
----------------------------------------------------------
Power Cooling Controls, Inc., seeks authority from the U.S.
Bankruptcy Court for the District of Puerto Rico to employ Rafael
Fernandez Torres as accountant to the Debtor.

Power Cooling requires Torres to:

   a. prepare the Debtor's monthly operating reports;

   b. prepare tax returns;

   c. prepare reports and analysis as required in order to offer
      adequate disclosures to its creditors and attain
      confirmation of a Chapter 11 plan of reorganization.

Torres will be paid at the hourly rate of $60.  Torres will be paid
a retainer in the amount of $3,000.  Torres will also be reimbursed
for reasonable out-of-pocket expenses incurred.

Rafael Fernandez Torres, assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtor and its estates.

Torres can be reached at:

     Rafael Fernandez Torres
     P.O. Box 7004
     Vega Baja, PR 00694-7004
     Tel: (787) 858-4622

                About Power Cooling Controls, Inc.

Power Cooling Controls Inc. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. P.R. Case No. 16-09134) on November
17, 2016, disclosing under $1 million in both assets and
liabilities. The Debtor is represented by Lyssette A. Morales
Vidal, Esq., at L.A. Morales & Associates P.S.C. The Debtor hires
Rafael Fernandez Torres as accountant.


POWER EFFICIENCY: Hires Carnegie Hudson as Investment Banker
------------------------------------------------------------
Power Efficiency Corporation entered into an advisory agreement
with Carnegie Hudson Resources Structured Capital, LLC whereby CHR
and its affiliated entities will provide corporate advisory and
investment banking services to the Company.  Services which may
require a registered broker-dealer will be provided through MCM
Securities LLC., an SEC registered broker-dealer.

Headquartered in Manhattan, New York City, CHR and its affiliated
entities are a private equity investment, strategic and financial
advisory firm.  CHR's private equity focus is on the energy
sector.

CHR will provide, among other services, the following to PEC:

   (a) assistance and advice with respect to its strategic
       planning process and business plans including an analysis
       of markets, positioning, financial models, organizational
       structure, potential strategic alliances and capital
       requirements;

   (b) advise the Company on matters relating to its
       capitalization and potential financing alternatives and
       merger and acquisition criteria and activity;

   (c) assistance with the preparation of the Company's marketing
       materials and investor presentations;

   (d) assistance with strategic introductions (including   
       client/customer side and the joint venture relationships)
       in the energy markets industries related to the Company's
       business plans;

   (e) assistance with identifying and retaining additional
       members of the Board of Directors and senior management.

Under the agreement, CHR has the right to have one person serve on
the PEC Board of Directors during the term of the Agreement.  No
person has been determined as of Jan. 31, 2017, but the parties
expect to appoint such person within the next 30 days.  The term of
the agreement is for two years.

In consideration for its services, CHR and its affiliates may
receive up to 4,000,000 (post reverse split as previously announced
of 15 shares for 1) warrants for shares of common stock which will
vest upon certain events.  The warrants have a five  year exercise
terms, provide for an exercise price of $0.01 per share and the
holders are entitled to piggyback registration rights with respect
to the underlying shares of Common Stock.

The warrants issuable or issuable to CHR under its advisory
agreement were offered, sold and issued in reliance upon the
exemption from registration provided by Section 4(2) of the
Securities Act of 1933, as amended as transactions not involving
any public offering. CHR represented to PEC that it is an
"accredited investor" as such term is defined in Rule 501(a)
promulgated under the Securities Act, that it acquired the
securities for investment purposes and that such securities were
issued without any form of general advertising or general
solicitation.  Those securities have not been registered under the
Securities Act and may not be offered or sold in the United States
absent registration or an applicable exemption from registration
requirements.

                     About Power Efficiency

Las Vegas, Nevada-based Power Efficiency Corporation (OTC: PEFF) -
- http://www.powerefficiency.com/-- is a clean technology   
company focused on efficiency technologies for electric motors.

The Company reported a net loss of $3.61 million in 2011, compared
with a net loss of $3.27 million in 2010.

The Company's balance sheet at Dec. 31, 2011, showed $2.92 million
in total assets, $2.26 million in total liabilities and $661,090
in total stockholders' equity.

In its report on the consolidated financial statements for the year
ended Dec. 31, 2011, BDO USA, LLP, in Las Vegas, Nevada, noted that
the Company has suffered recurring losses and has generated
negative cash flows from operations, among other matters, which
raises substantial doubt about its ability to continue as a going
concern.

                        Bankruptcy Warning

The Company said in its annual report for the year ended Dec. 31,
2011, that continuation of the Company as a going concern is
dependent upon achieving profitable operations or accessing
sufficient operating capital.  Management's plans to achieve
profitability include developing new products such as hybrid motor
starters and single-phase to three-phase converters, developing
business in the Asian market, obtaining new customers and
increasing sales to existing customers.  Management is seeking to
raise additional capital through equity issuance, debt financing
or other types of financing.  However, there are no assurances
that sufficient capital will be raised.  If the Company is unable
to obtain it on reasonable terms, the Company said it would be
forced to restructure, file for bankruptcy or significantly curtail
operations.


POWER EFFICIENCY: Reverse Split Took Effect Jan. 17
---------------------------------------------------
On Jan. 11, 2017, Power Efficiency Corporation filed an amendment
to its Amended and Restated Certificate of Incorporation to
effectuate a reverse stock split on a basis of each 15 shares of
issued and outstanding shares of Common Stock into 1 share.

The Reverse Split became effective on Tuesday, Jan. 17, 2017, at
5:00 p.m. (eastern time).  The Company's stock symbol was
temporarily modified from PEFF to PEFF D on Wednesday, Jan. 18,
2017, and will continue for 20 twenty trading days.  Trading of
PEC's Common Stock will remain on the OTC Pink Sheets and trading
has reflected the Reverse Split since Wednesday, Jan. 18, 2017.
PEC's stock transfer agent is Continental Stock Transfer and
Registrar.

The immediate effect of the Reverse Split will be to reduce the
number of issued and outstanding shares of Common Stock from
189,052,666 outstanding as of Jan. 17, 2017, to approximately
12,603,511 shares (subject to rounding fractional shares down to
the next whole share).  The conversion ratios of each class of
Preferred Stock will be adjusted to reflect the Reverse Split.  The
Company's classes of Preferred Stock would be convertible into an
aggregate of approximately 23,480,013 shares of Common Stock after
the Reverse Split, as follows:

      Class of                   Pre Split     Post Split   
  Preferred Stock               Conversion     Conversion
  ---------------               ----------     ----------
     Series B                   13,300,000        866,667
     Series C-1                 3,462,500         230,833
     Series D                   30,437,700      2,029,180
     Series E                   305,000,000    20,333,333

The Company's Class E Preferred Stock has been deemed automatically
converted into Common Stock following the Reverse Split; the other
classes will remain outstanding.  Giving effect solely to the
conversion of the Series E Preferred Stock and no other classes or
shares of Preferred Stock, PEC will have approximately 32,936,844
shares of Common Stock issued and outstanding.  The par value of
the Common Stock (and all Preferred Stock) will remain $0.001 per
share and the number of shares of Common Stock authorized to be
issued will remain at the number authorized at the time the Reverse
Split is effected, currently 350,000,000 shares.

                     About Power Efficiency

Las Vegas, Nevada-based Power Efficiency Corporation (OTC: PEFF) -
- http://www.powerefficiency.com/-- is a clean technology   
company focused on efficiency technologies for electric motors.

The Company reported a net loss of $3.61 million in 2011, compared
with a net loss of $3.27 million in 2010.

The Company's balance sheet at Dec. 31, 2011, showed $2.92 million
in total assets, $2.26 million in total liabilities and $661,090
in total stockholders' equity.

In its report on the consolidated financial statements for the
year ended Dec. 31, 2011, BDO USA, LLP, in Las Vegas, Nevada, noted
that the Company has suffered recurring losses and has generated
negative cash flows from operations, among other matters, which
raises substantial doubt about its ability to continue as a going
concern.

                        Bankruptcy Warning

The Company said in its annual report for the year ended Dec. 31,
2011, that continuation of the Company as a going concern is
dependent upon achieving profitable operations or accessing
sufficient operating capital.  Management's plans to achieve
profitability include developing new products such as hybrid motor
starters and single-phase to three-phase converters, developing
business in the Asian market, obtaining new customers and
increasing sales to existing customers.  Management is seeking to
raise additional capital through equity issuance, debt financing
or other types of financing.  However, there are no assurances
that sufficient capital will be raised.  If the Company is unable
to obtain it on reasonable terms, the Company said it would be
forced to restructure, file for bankruptcy or significantly curtail
operations.


PRECISION OPTICS: Files 2.6 Million Shares Resale Prospectus
------------------------------------------------------------
Precision Optics Corporation, Inc., filed a Form S-1 registration
statement with the Securities and Exchange Commission relating to
the offering of up to 2,577,884 shares of the Company's common
stock and shares underlying warrants by Dolphin Offshore Partners
L.P., MHW Partners, L.P., Alpha Capital Anstalt, et al.

The Company is not selling any securities in this offering and
therefore will not receive any proceeds from this offering.  The
Company may receive proceeds from the possible future exercise of
warrants.  All costs associated with this registration will be
borne by the Company.

The Company's common stock is quoted on the OTCQB under the symbol
"PEYE."  On Feb. 2, 2017, the last reported sale price of the
Company's common stock on the OTCQB was $0.59 per share.

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

                      https://is.gd/1aP98k

                     About Precision Optics

Headquartered in Gardner, Massachusetts, Precision Optics
Corporation, Inc., has been a developer and manufacturer of
advanced optical instruments since 1982.  The Company designs and
produces high-quality micro-optics, medical instruments and other
advanced optical systems.  The Company's medical instrumentation
line includes laparoscopes, arthroscopes and endocouplers and a
world-class product line of 3-D endoscopes for use in minimally
invasive surgical procedures.

Precision Optics reported a net loss of $1.03 million on $3.91
million of revenues for the year ended June 30, 2016, compared to a
net loss of $1.17 million on $3.91 million of revenues for the year
ended June 30, 2015.

As of Sept. 30, 2016, Precision Optics had $1.94 million in total
assets, $1.58 million in total liabilities and $354,665 in total
stockholders' equity.

Stowe & Degon LLC, in Westborough, Massachusetts, issued a "going
concern" qualification on the consolidated financial statements for
the year ended June 30, 2016, citing that the Company has suffered
recurring net losses and negative cash flows from operations, which
raises substantial doubt about its ability to continue as a going
concern.


PRIME GLOBAL: Needs More Time to File Fiscal 2016 Form 10-K
-----------------------------------------------------------
Prime Global Capital Group Incorporated filed a Form 12b-25 with
the Securities and Exchange Commission notifying the delay in the
filing of its annual report on Form 10-K for the year ended Oct.
31, 2016.  The  Company was unable to file the subject report in a
timely manner because it was not able to timely complete its
financial statements without unreasonable effort or expense.

The Company's Consolidated Statements of Operations are expected to
reflect net revenues of approximately $1,646,727 for the fiscal
year ended Oct. 31, 2016, compared with net revenues of $1,919,743
for the same period ended Oct. 31, 2015.  The decrease in net
revenues is expected to be primarily attributable to the decrease
in real estate revenues and a decrease in oilseeds revenues
generated by the registrant.  The Company expects to have a net
loss of approximately $911,522 for the twelve-month period ended
October 31, 2016, as compared to a loss of $1,593,434 for the same
period ended Oct. 31, 2015.

                        About Prime Global

Kuala Lumpur, Malaysia-based Prime Global Capital Group operated
in the following three business segments during fiscal year 2014:
(i) software business (the provision of IT consulting,
programming and website development services); (ii) plantation
business (including oilseeds and castor seeds business); and
(iii) its real estate business.  In the fourth quarter of fiscal
2014, the Company discontinued its castor seeds business in
China, and in December 2014 it discontinued the software business
(the provision of IT consulting, programming and website
services) in Malaysia.  As a result, the Company no longer conduct
business operations in China and anticipate winding down or
otherwise selling its interests in the following entities: Power
Green Investments Limited; Max Trend International Limited and
Shenzhen Max Trend Green Energy Co Ltd.

Prime Global reported a net loss US$1.59 million for the year
ended Oct. 31, 2015, compared to a net loss of US$1.33 million
for the year ended Oct. 31, 2014.

As of July 31, 2016, the Company had US$48.2 million in total
assets, U$18.3 million in total liabilities and US$29.8 million
in total equity.

Crowe Horwath (HK) CPA Limited, in Hong Kong, China, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Oct. 31, 2015, citing that the
Company has a working capital deficiency, accumulated deficit
from recurring net losses and significant short-term debt
obligations maturing in less than one year as of Oct. 31, 2015.
All these factors raise substantial doubt about its ability to
continue as a going concern.


PRIME SECURITIES: Moody's Lowers First-Lien Debt Ratings to Ba3
---------------------------------------------------------------
Moody's Investors Service downgraded the first-lien debt of Prime
Securities Services Borrower, LLC to Ba3, from Ba2, and affirmed
the alarm monitoring company's B1 Corporate Family Rating ("CFR")
and its B3 second-lien debt rating. The ratings action results from
ADT's intention to raise $800 million of incremental first-lien
term loan debt and use the proceeds to make a $795 million dividend
distribution to its owners, primarily Apollo Global Management
("Apollo"). The outlook remains stable.

Downgrades:

Issuer: Prime Security Services Borrower, LLC

-- Senior Secured 1st Lien Bank Credit Facility, Downgraded to Ba3
(LGD3) from Ba2 (LGD2)

-- Backed Senior Secured 1st Lien Regular Bond/Debenture,
Downgraded to Ba3 (LGD3) from Ba2 (LGD2)

Issuer: The ADT Corporation

-- Senior Secured 1st lien Regular Bond/Debentures, Ba3 (LGD3)
from Ba2 (LGD2)

Affirmations:

Issuer: Prime Security Services Borrower, LLC

-- Probability of Default Rating, Affirmed B1-PD

-- Corporate Family Rating, Affirmed B1

-- Senior Secured 2nd Lien Term Loan, Affirmed B3 (LGD5)

-- Senior Secured 2nd Lien Regular Bond/Debenture, Affirmed B3
(LGD5)

Outlook Actions:

Issuer: Prime Security Services Borrower, LLC

-- Outlook, Remains Stable

RATINGS RATIONALE

The one-notch downgrade, to Ba3, of ADT's first-lien debt stems
from the higher proportion of first-lien debt in the capital
structure, as a result of the $800 million incremental term loan
borrowings, relative to the (unchanged) $3,140 million of second
lien notes and $750 million of preferred securities (which have
been cash-paying their approximately 11% coupon).

The affirmation of ADT's B1 CFR reflects its standing as the clear
leader in the North American residential alarm-monitoring and
home-automation services market, as well as the high leverage and
integration challenges facing Protection 1's ("P1") management as
it incorporates a target several times P1's size. Moody's believes
that the P1 management team will continue to wrest meaningful
operating synergies and improve ADT's operating metrics by
employing best-practices used in achieving industry-leading
attrition and creation multiples at P1 itself. In turn, improved
operating profits should enable the company to maintain good
liquidity and to generate mid- to high-single-digit-percentage free
cash flow-to-debt measures.

The sizable equity distribution, made barely three quarters after
P1, with Apollo's backing, acquired The ADT Corporation (forming
Prime Security Services Borrower), signals that the company will
likely maintain aggressive shareholder policies, with periodic
re-levering events after periods of delevering. Any progress at
delevering that may have been made since the closing of the LBO --
the company has paid down some $170 million of debt, as of
September 30, 2016 -- will have been largely reversed by the
dividend transaction. Moody's-adjusted debt to recurring monthly
revenue ("RMR") stood at about 32 times at September 30th, but as a
result of the dividend recap will be back to 35 times, exactly
where it was at the close of the LBO.

Financial policies notwithstanding, the company does appear to have
made some progress in combining P1 and ADT, underpinning Moody's
stable ratings outlook. Revenue growth, below 2%, is obviously
modest, but that is as expected, since the impetus for P1's
acquisition of ADT has been to drive cost synergies by implementing
P1's best practices throughout the combined company. Creation
multiples and, especially, attrition have both improved and Moody's
expects them to continue to do so. The company indicates that call
waiting times, service call response times, advertising expenses,
branch consolidation, equipment purchasing costs, and the
integration of ADT and P1 computer platforms have all improved,
which in turn should help with improving attrition and other
operating metrics over the longer term. Nevertheless, it is still
too early to tell whether these metrics are sustainable and whether
targeted synergies will be fully realized.

Moody's views ADT's liquidity as good, with modest drawings under
its $350 million revolver, minimal debt amortization for the next
three years, and Moody's expectations of free cash flow ("FCF":
cash flow from operations less capital expenditures and subscriber
growth spending) of approximately $600 million over the next year.

The ratings could be upgraded if the company demonstrates improving
operating performance and a commitment to delevering, including
attaining debt-to-RMR leverage below 30 times. Attrition rates and
pricing would also need to improve to levels such that FCF-to-debt
in double-digit-percentages can be maintained. The ratings could
face downward pressure if additional dividend recapitalizations or
if debt-funded acquisitions are made, if debt-to-RMR is sustained
above 35 times, or if FCF-to-debt falls to the low-single-digit
percentages.

The product of a May 2016, Apollo-backed combination of alarm
monitors Protection One and The ADT Corporation, Prime Security
Services Borrower, LLC is the leading provider of security,
interactive automation, and monitoring services for residential
(primarily) and business customers, and for independent
security-alarm dealers on a wholesale basis. Moody's expects the
company's 2017 total monitoring and services revenues (which
excludes equipment installation revenue) to be approximately $4.0
billion.

The principal methodology used in these ratings was Business and
Consumer Service Industry published in October 2016.


PROLINE CONCRETE: Seeks to Hire Rupp Baase as Special Counsel
-------------------------------------------------------------
Proline Concrete of WNY, Inc. seeks approval from the U.S.
Bankruptcy Court for the Western District of New York to hire Rupp
Baase Pfalzgraf Cunningham LLC.

The firm will serve as special counsel in connection with a lawsuit
involving the Debtor and G.M. Crisalli & Associates, Inc. related
to the Wal-Mart project in Cheektowaga, New York.  It will also
represent the Debtor in a litigation related to a project in
Niagara Falls, New York.

Rupp Baase has agreed to accept as compensation 40% of the gross
recovery collected in the court actions.  The firm will also
receive reimbursement for work-related expenses.

Daniel Sarzynski, Esq., at Rupp Baase, disclosed in a court filing
that his firm does not hold or represent any interest adverse to
the Debtor or its bankruptcy estate.

The firm can be reached through:

     Daniel Sarzynski, Esq.
     Rupp Baase Pfalzgraf Cunningham LLC
     1600 Liberty Building
     424 Main Street
     Buffalo, NY 14202
     Phone: (716) 854-3400
     Fax: (716) 332-0336
     Email: sarzynski@ruppbaase.com

                  About Proline Concrete of WNY

Proline Concrete of WNY, Inc. filed a chapter 11 petition (Bankr.
W.D.N.Y. Case No. 16-11455) on July 25, 2016.  The petition was
signed by James R. Sickau, president.  The Debtor is represented by
Arthur G. Baumeister, Jr., Esq., at Amigone, Sanchez & Mattrey LLP.
The case is assigned to Judge Carl L. Bucki.  At the time of the
filing, the Debtor estimated assets and debts at $1 million to $10
million.


PUERTO RICO: Defaults on Multimillion-Dollar Debt Amid Crisis
-------------------------------------------------------------
The American Bankruptcy Institute, citing Danica Coto of Associated
Press, reported that Puerto Rico's government announced another
multi-million-dollar default as the crisis-wracked U.S. territory
seeks to restructure nearly $70 billion in public debt.

According to the report, the government said it missed $312 million
worth of bond payments including $279 million owed by Puerto Rico's
Government Development Bank, which oversaw debt transactions until
falling into a fiscal state of emergency itself.  Officials warned
the bank only has about $156 million in liquidity, the report
related.

The government said the remaining payments missed involve general
obligation bonds backed by the island's constitution and those
issued by Puerto Rico's public finance and infrastructure agencies,
the report further related.

However, the U.S. territory paid $295 million worth of interest due
on some debt, including a portion backed by a local sales tax and
on bonds issued by agencies including the Aqueduct and Sewer
Authority and the Highways and Transportation Authority, the report
cited spokesman Elliot Rivera.

Both Gov. Ricardo Rossello and his predecessor have favored
payments to those holding bonds backed by a local sales tax versus
general obligation bondholders, the report added.


QUATTRO EXPLORATION: Signs Binding Finance Term Sheet
-----------------------------------------------------
Quattro Exploration and Production Ltd. on Feb. 2, 2017, disclosed
that it has signed a binding term sheet with Advisco Capital Corp.,
a New York-based private finance company, for the provision by
Advisco of a secured revolving credit facility and secured term
loan in the aggregate amount of CDN$15,000,000 (the "Proposed
Loan").  The Proposed Loan has been negotiated with Advisco for the
purpose of satisfying all amounts outstanding to the Company's
senior secured lender, The Business Development Bank of Canada (the
"Lender" or "BDC").

The Loan consists of (a) Secured Revolving Credit Facility in an
amount not to exceed eighty percent (80%) of the Company's eligible
accounts receivable, and sixty percent (60%) of the orderly
liquidation value of eligible inventory on hand, and (b) a Secured
Equipment Term Loan in an amount not to exceed sixty-five percent
(65%) of the orderly liquidation value machinery, equipment, and
other tangible property.  The Proposed Loan bears interest at the
rate of 1% per month, plus a 2% fee on the aggregate amount of
Proposed Loan, payable at Closing.  The Proposed Loan is for a one
(1) year term, with an option to renew for an additional one (1)
year term, provided the Company is not in default, at a cost of one
percent (1.0%) of the gross amount of the Proposed Loan then
outstanding.

Management of Quattro believes that the Proposed Loan, along with
other negotiated non-core asset transactions will allow the Company
to submit an equitable plan to its creditors and exit from its
current Companies' Creditors Arrangement Act ("CCAA") process.

The Company also provides the following report on its CCAA process,
the activities to date in regards to Quattro's Court of Queen's
Bench of Alberta approved proposed sale and investor solicitation
process ("SISP") that was initially launched on October 3rd 2016.

On Jan. 5, 2017, the stay of proceedings under the CCAA for Quattro
was extended to
Feb. 17, 2017.  In connection with the stay, Quattro entered into a
term sheet with its senior lender (the "Lender") whereby the Lender
agreed to provide an additional $650,000 of debtor-in-possession
financing to Quattro (the "Interim Financing"), bringing the total
amount of debtor-in-possession financing under the CCAA to an
aggregate $1,900,000 (the "Interim Financing Agreement").  The
additional debtor-in-possession financing was approved by the Court
pursuant to the CCAA process.  The term of the additional loan was
due to expire on March 20, 2017.  A total of $440,000 had been
advanced by the Lender under the Interim Financing Agreement to
date.

In the assessment of the Lender and the Monitor, the Proposed Loan
and the additional efforts of the Company to satisfy the BDC debt
did not meet the conditions of the Term Sheet and, in accordance
with the terms of the Term Sheet, BDC was entitled to (a) reject
the provision of the remaining Interim Financing and (b) make an
application to the Court upon 24 hours' notice to Quattro and the
Monitor, for the appointment of a Receiver.  On January 31, 2017,
Quattro was served such notice of an application by BDC to occur on
February 2, 2017 at 9:30 a.m.

Quattro Exploration and Production Ltd. is a Calgary based junior
oil and gas company focused on exploration and development of oil
and gas properties.


RENAISSANCE PUBLIC: S&P Lowers Rating on 2012A/B Bonds to 'BB+'
---------------------------------------------------------------
S&P Global Ratings lowered its rating on Renaissance Public School
Academy (RPSA), Mich.'s tax-exempt series 2012A and taxable series
2012B public academy revenue bonds to 'BB+' from 'BBB-'.  The
outlook is stable.

"We lowered the rating based on our U.S. Not-for-Profit Charter
Schools methodology, published Jan. 3, 2017," said S&P Global
Ratings credit analyst Brian Marshall,

The stable outlook reflects two consecutive audited years of
improved financial operations resulting in materially improved
maximum annual debt service (MADS) coverage at fiscal year-end
2016, which is more in line with the 'BB+' rating due to
higher-than-budgeted revenues and tight expenditure controls.  S&P
believes coverage will remain in line with the rating category over
the outlook horizon since there are no identified one-time
expenditures or future debt plans that could potentially strain
operations.

"We assessed RSPA's enterprise profile as adequate based on the
academy's solid charter standing, as characterized by a long
operating history and solid academic quality, as well as a stable
management team.  We assessed RSPA's financial profile as
vulnerable, with a small operating base and elevated
debt-to-capitalization ratio.  We believe that, combined, these
credit factors lead to an indicative stand-alone credit profile of

'bbb-.'  As our criteria indicate, the final rating can be adjusted
(capped) above or below the indicative credit level due to a
variety of overriding factors.  In our opinion, the 'BB+' long-term
rating better reflects the heightened risks the academy faces
associated with its small enrollment," S&P said.

Offsetting the academy's strengths are what S&P considers RSPA's:

   -- Very small enrollment, albeit by design, coupled with the
      very modest waiting list which went in effect for fall
      2016,;

   -- Small operating base with less than $4 million in annual
      operating revenues;

   -- Moderate debt burden; and

   -- Vulnerability to risk, as with all charter schools, that the

      academy can be closed for nonperformance of its charter or
      for financial distress, before the final maturity of the
      bonds.

The bonds are a general obligation of the academy, payable from any
legally available funds generated or held by RPSA, and secured by a
first mortgage lien on the financed facilities and 20% of the
academy's state aid--the maximum spending allowance established
under Michigan statute for facilities-related debt.

RPSA is a pre-kindergarten-through-grade 8 public charter academy
in its 22nd year of operations.  Its mission is to provide local
students with an opportunity to learn in a familial setting with
lower class sizes in an environment in which every student is
engaged through interactive communal learning and is challenged.
The academy operates one facility in Mt. Pleasant, Mich., which
spans 42,000 square feet on 9.2 acres of land.  

The stable outlook reflects S&P's expectation that, during the next
two years, RPSA will maintain steady financial and enterprise
profiles by continuing to generate positive revenue over expenses
despite lower-than-average enrollment for the rating level, keep
its MADS and debt service coverage at current rating category
medians, and maintain a stable cash position.  S&P anticipates the
academy's demand profile will continue to reflect solid academics
and enrollment will increase to approximately 400.  A positive
rating action is unlikely over the two-year outlook period given
our view of the heightened risks associated with the school's small
enrollment base as well as the moderately high MADS carrying charge
and lower-than-average days' cash on hand.  However, S&P could
consider an upgrade over time if the academy materially increases
its enrollment and operations, and consistently produces MADS
coverage, a debt burden, and days' cash levels more in line with a
higher rating.

While not expected during the outlook period, S&P could lower the
rating if the academy experiences variable-to-declining enrollment
and demand, operating  deficits, weakening or variable MADS
coverage, or if cash on hand decreases significantly to levels no
longer commensurate with the 'BB+' rating.


RENNOVA HEALTH: Agrees to Issue $1.59-Mil. Convertible Debentures
-----------------------------------------------------------------
Rennova Health Inc. entered into a securities purchase agreement
with certain accredited investors on Jan. 29, 2017.  Pursuant to
the Purchase Agreement, the Company has agreed to issue $1,590,000
aggregate principal amount of Original Issue Discount Convertible
Debentures due three months from the date of issuance and warrants
to purchase an aggregate of 3,000,000 shares of common stock, for a
purchase price of $1,500,000.  The closing of the offering is
anticipated to occur on or about Feb. 2, 2017, and is subject to,
among other things, customary closing conditions.

The Debentures will be convertible at a conversion price of $0.086
per share (subject to adjustment).  In the event the Debentures are
outstanding after the maturity date, the conversion price shall be
reduced to $0.0531 per share (subject to adjustment). Holders of
Debentures are prohibited from converting Debentures into shares of
the Company's common stock if, as a result of such conversion, the
holder, together with its affiliates, would own more than 4.99% of
the total number of shares of the Company's common stock then
issued and outstanding.  However, any holder may increase or
decrease such percentage to any other percentage not in excess of
9.99%, provided that any increase in such percentage shall not be
effective until 61 days after such notice to the Company.

The Purchase Agreement provides that, for a one-year period after
the issuance of the Debentures, the purchasers will have the right
to participate in any issuance by the Company of common stock or
common stock equivalents for cash consideration, indebtedness or a
combination of units thereof, with certain exceptions.  Also, until
the date when the purchasers no longer hold any Debentures, in the
event the Company undertakes or enters into an agreement to
undertake a Subsequent Financing, a purchaser may elect to exchange
all or some of its Debentures (but not including any Warrants) for
any securities or units issued in such Subsequent Financing on a
$0.80 principal amount of Debenture for $1.00 new subscription
amount basis based on the outstanding principal amount of such
Debenture (along with any accrued but unpaid interest, liquidated
damages and other amounts owing thereon); provided, however, in the
event the purchasers purchase 100% of such Subsequent Financing,
then the exchange factor is $1.00 for $1.00.

The Warrants will be exercisable into shares of the Company's
common stock at any time after six months from the closing of the
Purchase Agreement at an exercise price of $0.086 per common share.
The Warrants will terminate five years after they become
exercisable.

The Debentures will be guaranteed by substantially all of the
subsidiaries of the Company pursuant to a Subsidiary Guarantee.

The Purchase Agreement may be terminated by any purchaser, as to
such purchaser's obligations only, if the closing of the Purchase
Agreement has not been consummated by Feb. 6, 2017; provided,
however, that such termination will not affect the right of any
party to sue for any breach by any other party (or parties).

The issuance of the Debentures and the Warrants will be exempt from
the registration requirements of the Securities Act of 1933, as
amended, in accordance with Section 4(2) thereof, as a transaction
by an issuer not making a public offering.

                          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."


RGIS HOLDINGS: S&P Lowers CCR to 'CCC+' on Refinancing Risk
-----------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on Auburn
Hills, Mich.-based RGIS Holdings LLC to 'CCC+' from 'B-'.  The
outlook is developing.

RGIS Holdings' senior secured term loan C matures in October 2017,
leading to heightened near-term refinancing risk.  While S&P
believes the company could successfully refinance the debt over the
next several months based on a favorable capital market
environment, modestly improved operating performance, and
satisfactory cash flow, the company is pressed for time to complete
a refinancing well in advance of its large maturity.

At the same time, S&P lowered its issue-level rating on the
company's senior secured debt to 'CCC+' from 'B-'.  The '4'
recovery rating remains unchanged, indicating S&P's expectation for
average (30% to 50%, upper half of the range) recovery in the event
of a payment default.  

S&P estimates that RGIS had roughly $500 million in reported debt
outstanding as of Sept. 30, 2016.

"The downgrade reflects increased refinancing risk as RGIS
approaches its $500 million term loan maturity in October,
especially given that it provides services directly to brick and
mortar retailers, a sector that is generally out of favor with
investors given weak store traffic trends and share gains by
e-commerce based retailers." said S&P Global Ratings credit analyst
Brennan Clark.  S&P also notes that the company's $60 million
revolver matures in May of 2017, though S&P do not view a potential
lapse of this facility as a significant near-term negative since
RGIS holds meaningful cash balances, well above revolver drawings.
S&P believes the company may be able to complete its refinancing in
the next several months given its recent stabilized operating
performance, good cash balances, and still meaningfully positive
free cash flow.  Revenues and EBITDA have been modestly positive
over the last few quarters after a steady deterioration in
performance dating back to 2011, primarily due to market share wins
and improving productivity.  The company also had over $90 million
in cash as of Sept. 30, 2016, and has continued to generate free
cash flow in excess of $25 million annually.

The developing outlook reflects the possibility for an upgrade or a
downgrade in 2017, depending on whether or not RGIS can
successfully refinance its October 2017 debt maturity over the next
several months at terms that enable it to comfortably generate
positive free cash flow.

S&P could lower the rating if it believes RGIS will encounter
difficulty refinancing its upcoming debt maturities because credit
market conditions have tightened, credit metrics are projected to
weaken considerably, or free cash flow turns negative.  This could
occur if competition for market share in the outsourced inventory
verification services market intensifies, resulting in a return to
price concessions to maintain business and/or due to customer
losses.

S&P could raise its rating on RGIS if it is successful in
refinancing its near term debt maturities, such that refinancing
risk is substantially removed for at least the next few years.  In
addition, S&P would expect operating performance to remain stable
or improve and free operating cash flow to remain comfortably
positive.

S&P believes that if RGIS were to default, a viable business model
would continue to exist given the company's significant domestic
market share and limited competition in the retail audit inventory
space, as well as its wide geographic footprint including
international operations.  S&P has therefore valued the company
using an enterprise value approach, using a 4.5x multiple of S&P's
projected emergence EBITDA.



ROGERS & SON LAWN CARE: Taps CGA Law as Bankruptcy Counsel
----------------------------------------------------------
Rogers & Son Lawn Care & Landscaping, LLC seeks permission from the
U.S. Bankruptcy Court for the Middle District of Pennsylvania to
employ Lawrence V. Young, Esq. and CGA Law Firm as bankruptcy
counsel. The Debtor will need the services of bankruptcy counsel to
represent it with respect to all legal matters relating to the
Chapter 11 proceedings.

All partners, associates and paralegals shall be compensated at
their appropriate hourly rates, which are based upon experience and
seniority:

     Lawrence V. Young, Esq             $345.00
     Brent C. Diefenderfer, Esq         $275.00
     Hunter B. Schenck, Esq             $200.00
     Christina M. Locondro, paralegal,  $120.00
     Kenny Brayboy, paralegal           $120.00

Any compensation shall be paid upon approval of the Bankruptcy
Court.

Prior to the bankruptcy filing date, the Debtor paid to Counsel the
sum of $2,000.00, all of which was expended on work performed for
the Debtor pre-petition, including the filing fee payable to the
Clerk of the Bankruptcy Court in the amount of $1,717.00.  Counsel
for the Debtor is not holding any funds in escrow.  The Debtor will
pay to Counsel the sum of $2,500.00 per month during the six months
in which the business is most busy and $1,000.00 per month during
the six months in which the business is less busy, which funds will
be held in Counsel's escrow account pending an Order of Court
approving Counsel's fees and expenses.

Mr. Young attests that CGA Law Firm represents no other entity in
connection with this case, is a disinterested party as that term is
defined in 11 U.S.C. Section 101(14), and represents or holds no
interest adverse to the interest of the Estate with respect to the
matters on which it is to be employed.

The Firm can be reached through:

     Lawrence V. Young, Esq.
     CGA LAW FIRM
     Sup. Ct. I.D. No. 21009
     135 North George Street
     York, PA 17401
     Tel: (717) 848-4900

                      About Rogers & Son Lawn Care & Landscaping

Headquartered in Dover, Pennsylvania, Rogers & Son Lawn Care &
Landscaping, LLC provides lawn care and landscaping services. The
Company filed a voluntary Chapter 11 Petition (Bankr. M.D. Pa. Case
No. 17-bk-00367) on February 1, 2017. The Debtor is represented by
Lawrence V. Young, Esq., at CGA Law Firm.


ROSLYN SEFARDIC: Court Extends Plan Filing Period to March 7
------------------------------------------------------------
Judge Louis A. Scarcella of the U.S. Bankruptcy Court for the
Eastern District of New York extended Roslyn Sefardic Center
Corp.'s exclusive periods for filing a chapter 11 plan and
soliciting acceptances to the plan, through March 7, 2017 and May
8, 2017, respectively.

          About Roslyn Sefardic Center Corp.

Roslyn Sefardic Center Corp. is a religious non-for-profit
corporation that operates a synagogue on its real property and
improvements located on 1 Potters Lane, Roslyn Heights, New York.
It filed for Chapter 11 bankruptcy protection (Bankr. E.D.N.Y. Case
No. 16-70299) on Jan. 25, 2016.   The petition was signed by Herzel
Tal, president.  Judge Louis A. Scarcella presides over the case.
The Debtor is represented by Arnold Mitchell Greene, Esq., at
Robinson Brog Leinwand Greene Genovese & Gluck P.C.  The Debtor
estimated assets and liabilities at $500,001 to $1 million at the
time of the filing.

Roslyn Sefardic Center also filed a Chapter 11 petition (Bankr.
E.D.N.Y. Case No. 12-74404) on July 16, 2012, before Judge Dorothy
Eisenberg presided over that case.  The 2012 case was dismissed on
Jan. 29, 2015.


RUBICON TECHNOLOGY: Appoints Timothy Brog as Director
-----------------------------------------------------
Rubicon Technology has appointed a new independent director,
Timothy E. Brog, President of Locksmith Capital, to its Board of
Directors. With the addition of Mr. Brog, the Board expands to six
members, five of whom are independent.

"We're pleased to add Timothy to Rubicon's Board of Directors,"
said Don N. Aquilano, Chairman of the Board. "He is an accomplished
executive, with extensive investment, legal, management and
financial experience -- as well as a strong track record of driving
change as a member of public company boards, serving on director
slates of both management and activist shareholders. We welcome his
insights as we pursue the appropriate path forward to drive
long-term stockholder value. Timothy brings valuable new
perspectives to our Board, and his appointment is consistent with
our commitment to maintaining a highly qualified Board with the
necessary skills and expertise to navigate the current
environment."

Mr. Brog said, "Rubicon is a recognized leader in sapphire
technology, and I look forward to leveraging my experiences to work
with the Board and management team to implement necessary change
and maximize stockholder value as I have in previous situations
with an array of public and private companies. I am excited to work
with Rubicon as we continue to strengthen the Company's existing
platform, capitalize on new market opportunities and position
Rubicon for the future."

Mr. Brog is the President of Locksmith Capital Management LLC. He
served as Chairman of the Board of Peerless Systems Corporation
from June 2008 to February 2015, Chief Executive Officer from
August 2010 to March 2015 and a director beginning in July 2007.
Mr. Brog served as a Managing Director and portfolio manager to
Locksmith Value Opportunity Fund LP from September 2007 to August
2010. Mr. Brog was President of Pembridge Capital Management LLC
and the portfolio manager of Pembridge Value Opportunity Fund LP, a
deep value hedge fund, from June 2004 to September 2007. He also
worked as the Managing Director of The Edward Andrews Group Inc., a
boutique investment bank from 1996 to 2007, and from 1989 to 1995,
Mr. Brog was a corporate finance and mergers and acquisitions
associate of the law firm Skadden, Arps, Slate, Meagher & Flom
LLP.

Mr. Brog is currently a Director of Eco-Bat Technologies Limited
and has previously served as Chairman of the Board and Chairman of
the Audit Committee of Deer Valley Corporation from October 2014 to
April 2015 and as a member of the Board of Directors of the Topps
Company Inc. from July 2006 to October 2007. His legal, investment
banking, executive management and financial analysis experience
position him well to serve as a director of Rubicon. Mr. Brog
received a J.D. from Fordham University School of Law in 1989 and a
B.A. from Tufts University in 1986.

Rubicon Technology, Inc., (NASDAQ:RBCN) headquartered in
Bensenville, Illinois, develops, manufactures, and sells sapphire
and other crystalline products for light-emitting diodes, radio
frequency integrated circuits, optoelectronics, and other optical
applications. Products include sapphire cores, sapphire wafers and
optical sapphires for use in the defense, aerospace, medical
devices, oil/gas drilling, semiconductor manufacturing, and other
markets. Ariel Investments, LLC owns 14% of shares outstanding.

Over the last three years, Rubicon's assets have declined from $203
million to $78 million and its stock has declined from $14 per
share to $0.50 cents per share.


RUBY TUESDAY: Amendment Waiver No Impact on Moody's B3 CFR
----------------------------------------------------------
Moody's Investors Service upgraded Ruby Tuesday's Speculative Grade
Liquidity rating to SGL-3 from SGL-4. The company's other ratings
are unaffected, including its B3 Corporate Family Rating, B3-PD
Probability of Default Rating and its Caa1 senior unsecured notes
rating. The rating outlook remains negative.

The upgrade to Ruby Tuesday's liquidity rating reflects the
amendment and permanent waiver the company entered into with
lenders on January 31, 2017. "The amendment provides Ruby Tuesday
with additional covenant headroom under its senior secured revolver
and certain mortgage loans, without this amendment, Ruby Tuesday
would likely have violated its fixed charge covenant in the near
future," stated Peter Trombetta, an AVP-analyst at Moody's. In
addition to amended covenant levels under its fixed charge coverage
and leverage covenants, the amendment decreased the revolver
commitment to $30 million from its original $50 million commitment.
The revolver maturity was also pulled forward to June 2017 from
December 2017. The company stated that it was looking to refinance
the revolver with collateralized debt. However, all else being
equal, Moody's does not expect Ruby Tuesday's liquidity rating
would change if the revolver were to mature and not be replaced.
The revolver has not been used outside of letters of credit.

Ratings upgraded:

Speculative Grade Liquidity rating to SGL-3 from SGL-4

RATINGS RATIONALE

The B3 Corporate Family Rating reflects Ruby Tuesday's weak
operating performance driven by a highly promotional environment in
the casual dining sector that has resulted in negative same store
sales and traffic trends over the past year. The highly promotional
environment, coupled with increased labor and operating costs, has
resulted in interest coverage of less than 1.0x and leverage of
about 6.0x for the last 12 month period ended November 29, 2016
(all metrics include Moody's standard adjustments). The ratings are
supported by the company's high level of brand awareness, material
scale, and Moody's expectations that the company's strategic
initiative will benefit the company through improved same store
sales results.

The negative rating outlook reflects Moody's expectations that
store closures, a high level of promotional activity from its
competitors and higher labor costs will offset any benefits from
the company's Fresh Start initiative over the next two to three
quarters. Moody's expects the company will benefit from the planned
changes to its menu and Garden Bar, however the revamped menu did
not roll out until mid-November and the improvements to its Garden
Bar did not go into effect until mid-January, so it will take time
for these initiatives to show in the company's results.

The company's rating outlook could be revised back to stable if
same store sales and traffic trends improve, reflecting successful
implementation of its Fresh Start Initiative. A stable rating
outlook would also require adequate liquidity. An upgrade would
require a sustained improvement in earnings driven by positive
operating trends, particularly a stabilization of traffic, and
lower costs. Ratings could be downgraded if the company does not
see benefits from the strategic initiatives that are in the process
of being rolled out, including improved same store sales and
traffic trends, or if the company's cash flow was to weaken.

Ruby Tuesday, Inc. owns, operates and franchises restaurants under
the Ruby Tuesday brand name. Ruby Tuesday's system includes 613
restaurants, of which 546 were company operated (as of November 29,
2016). Annual revenues are approximately $1.0 billion.

The principal methodology used in this rating/analysis was
Restaurant Industry published in September 2015.



SCIENTIFIC GAMES: Expects to Report $748M to $755M Revenue in Q4
----------------------------------------------------------------
Scientific Games Corporation announced selected preliminary
expected financial results for the fourth quarter and full year
ended Dec. 31, 2016, in connection with a plan to refinance and
extend the maturity dates of its term loan debt and revolving
credit facility, and otherwise take advantage of favorable market
conditions to lower its cost of debt and extend maturities.

The Company currently expects consolidated revenue to be in a range
of $748 to $755 million for the three month period ended Dec. 31,
2016, and full year 2016 revenue to be in a range of $2,878 to
$2,885 million compared to $737 million and $2,759 million for the
fourth quarter and full year 2015, respectively. The Company
further expects that its net loss for the fourth quarter will be in
a range of $105 to $115 million, including a projected $69 million
goodwill impairment charge as described in the reconciliation
below, with Attributable EBITDA ("AEBITDA") of approximately $290
to $295 million.  The full year net loss including the goodwill
impairment charge is expected to be in a range of $348 to $358
million, with AEBITDA of approximately $1,100 to $1,105 million.
The Company currently anticipates releasing its fourth quarter 2016
results and full year 2016 audited results on March 2, 2017, after
market close.

"Our preliminary results for the fourth quarter 2016 reflect
ongoing improvements in our gaming, lottery and interactive
operations, as well as the initial benefits from our recently
implemented business improvement initiative that is expected to
reduce our annualized cost structure by $75 million," said Kevin
Sheehan, CEO and president of Scientific Games.  "With our customer
and player-focused strategies, we believe the Company is well
positioned to build on this success in 2017.  We plan to generate
improved results in 2017, while remaining focused on deleveraging.
I am grateful to our team members around the globe who continue to
empower our customers with the best gaming and lottery experiences
in the world, while remaining focused on our financial goals."

The preliminary unaudited results noted in this release are derived
from preliminary internal financial reports and are subject to
revision based on the Company's procedures and controls associated
with the completion of its year-end financial reporting, including
all the customary reviews, audit and approvals.  Accordingly,
actual results may differ from these preliminary results and such
differences may be material.

The Company has prepared these preliminary expected financial
results in connection with its proposed refinancing transaction and
is sharing the preliminary expected results disclosed with its
prospective lenders.

                     About Scientific Games

Scientific Games Corporation is a developer of technology-based
products and services and associated content for worldwide gaming
and lottery markets.  The Company's portfolio includes instant and
draw-based lottery games; electronic gaming machines and game
content; server-based lottery and gaming systems; sports betting
technology; loyalty and rewards programs; and social, mobile and
interactive content and services.  Visit
http://www.scientificgames.com/                 

As of Sept. 30, 2016, Scientific Games had $7.37 billion in total
assets, $9.12 billion in total liabilities and a total
stockholders' deficit of $1.75 billion.

Scientific Games reported a net loss of $1.39 billion on $2.75
billion of total revenue for the year ended Dec. 31, 2015,
compared to a net loss of $234.3 million on $1.78 billion of total
revenue for the year ended Dec. 31, 2014.

                          *   *    *

The TCR reported on May 21, 2014, that Moody's Investors Service
downgraded Scientific Games Corporation's ("SGC") Corporate Family
Rating to 'B1'.  The downgrade reflects Moody's view that slower
than expected growth in SGC's Gaming and Instant Products segments
will cause Moody's adjusted leverage to exceed 6.0 times by the
end of 2014.

As reported by the TCR on Aug. 5, 2014, Standard & Poor's Ratings
Services lowered its corporate credit rating to 'B+' from 'BB-' on
Scientific Games Corp.  "The downgrade and CreditWatch placement
follow Scientific Games' announcement that it has agreed to acquire
Bally Technologies for $5.1 billion, including the refinancing of
about $1.8 billion in net debt at Bally," said Standard & Poor's
credit analyst Ariel Silverberg.


SCIENTIFIC GAMES: Proposes $1 Billion Senior Notes Add-On Offering
------------------------------------------------------------------
Scientific Games Corporation announced that its wholly owned
subsidiary, Scientific Games International, Inc., intends, subject
to market and other conditions, to commence an add-on offering of
$1.0 billion of 7.000% senior secured notes due 2022 in a private
offering.  The New Notes will be issued under the same indenture
pursuant to which SGI previously issued $950 million of its 7.000%
senior secured notes due 2022.  The New Notes and the Existing
Notes will be treated as a single series of debt securities for all
purposes under the indenture, including, without limitation,
waivers, amendments, redemptions and offers to purchase, will have
terms identical to the Existing Notes, other than issue date and
offering price and will have the same CUSIP and ISIN numbers as,
and trade together with, the New Notes, except that the New Notes
issued in offshore transactions under Regulation S shall be issued
and maintained under a temporary CUSIP number during a 40-day
distribution compliance period commencing on the issue date.

Scientific Games intends to use the net proceeds of the New Notes
offering to prepay a portion of its term loans under its credit
agreement, redeem or repurchase all of its outstanding senior
subordinated notes due 2018 and pay accrued and unpaid interest
thereon plus any related premiums, fees and costs, repay a portion
of its revolving credit facility, pay related fees and expenses of
the New Notes offering and for general corporate purposes.  The New
Notes will be guaranteed on a senior basis by Scientific Games and
certain of its subsidiaries.  The New Notes will be secured by
liens on the same collateral that secures indebtedness under
Scientific Games' credit agreement.  At this time, Scientific Games
does not anticipate repurchasing or redeeming any 2018 Notes on or
prior to March 15, 2017.  As a result, the 2018 Notes are expected
to remain outstanding, and will continue to accrue interest, until
at least that date.  Furthermore, Scientific Games may elect not to
repurchase or redeem 2018 Notes until a later date.

The New Notes will not be registered under the Securities Act of
1933 as amended or any state securities laws and, unless so
registered, may not be offered or sold in the United States except
pursuant to an applicable exemption from the registration
requirements of the Securities Act and applicable state securities
laws.  The New Notes will be offered only to qualified
institutional buyers in accordance with Rule 144A and to non-U.S.
Persons under Regulation S under the Securities Act.

                       About Scientific Games

Scientific Games Corporation is a developer of technology-based
products and services and associated content for worldwide gaming
and lottery markets.  The Company's portfolio includes instant and
draw-based lottery games; electronic gaming machines and game
content; server-based lottery and gaming systems; sports betting
technology; loyalty and rewards programs; and social, mobile and
interactive content and services.  Visit
http://www.scientificgames.com/                 

As of Sept. 30, 2016, Scientific Games had $7.37 billion in total
assets, $9.12 billion in total liabilities and a total
stockholders' deficit of $1.75 billion.

Scientific Games reported a net loss of $1.39 billion on $2.75
billion of total revenue for the year ended Dec. 31, 2015,
compared to a net loss of $234.3 million on $1.78 billion of total
revenue for the year ended Dec. 31, 2014.

                          *   *    *

In November 2014, Moody's Investors Service downgraded Scientific
Games Corporation's (SGMS together with Scientific Games
International) Corporate Family Rating to B2 from B1 following the
announcement that the company had completed its merger with Bally
Technologies, Inc.

As reported by the TCR on Aug. 9, 2016, S&P Global Ratings lowered
its corporate credit rating on Las Vegas-based Scientific Games
Corp. to 'B' from 'B+'.  The outlook is stable.  "The downgrade of
Scientific Games reflects our forecast for lower EBITDA growth and
weaker credit measures than we previously expected," said S&P
Global Ratings credit analyst Ariel Silverberg.


SCIENTIFIC GAMES: Recasts 2015 Consolidated Financial Statements
----------------------------------------------------------------
Scientific Games Corporation filed a current report on Form 8-K
with the Securities and Exchange Commission to provide recast
audited consolidated financial statements and financial statement
schedule as of Dec. 31, 2015, and 2014 and for each of the three
years in the period ended Dec. 31, 2015, originally included in
the Company's Annual Report on Form 10-K as filed with the
SEC on Feb. 29, 2016.

The consolidated financial statements have been recast solely to
reflect a reclassification of the condensed consolidating financial

information presented in Note 24 of such consolidated financial
statements due to the designation by the Company, during the third

quarter of 2016, of certain of its wholly owned direct and indirect

subsidiaries that hold substantially all of the assets of, and
operate, its social gaming business, as "Unrestricted Subsidiaries"

under its credit agreement and each of the indentures governing its

outstanding secured notes, unsecured notes and senior subordinated

notes.  As a result of those designations, those Unrestricted
Subsidiaries are no longer guarantors under the Company's
respective
indentures.  The condensed consolidating financial information
presented in Note 24 has been reclassified to show the nature of
the assets held, results of operations and cash flows assuming the

"Unrestricted Subsidiary" designations were in effect at the
beginning
of all periods presented, consistent with their status as
non-guarantors.  The recast audited consolidated financial
statements
and financial statement schedule as of Dec. 31, 2015, and 2014 and

for each of the three years in the period ended Dec. 31, 2015, are
available for free at https://is.gd/0nQTAd

Scientific Games reported a net loss of $1.39 billion on $2.75
billion of total revenue for the year ended Dec. 31, 2015,
compared to a net loss of $234.3 million on $1.78 billion of total
revenue for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Scientific Games had $7.73 billion in total
assets, $9.22 billion in total liabilities and a total
stockholders'
deficit of $1.49 billion.

                     About Scientific Games

Scientific Games Corporation is a developer of technology-based
products and services and associated content for worldwide gaming
and lottery markets.  The Company's portfolio includes instant and
draw-based lottery games; electronic gaming machines and game
content; server-based lottery and gaming systems; sports betting
technology; loyalty and rewards programs; and social, mobile and
interactive content and services.  Visit
http://www.scientificgames.com/                 

As of Sept. 30, 2016, Scientific Games had $7.37 billion in total
assets, $9.12 billion in total liabilities and a total
stockholders' deficit of $1.75 billion.

                           *     *     *

The TCR reported on May 21, 2014, that Moody's Investors Service
downgraded Scientific Games Corporation's ("SGC") Corporate Family
Rating to 'B1'.  The downgrade reflects Moody's view that slower
than expected growth in SGC's Gaming and Instant Products segments
will cause Moody's adjusted leverage to exceed 6.0 times by the
end of 2014.

As reported by the TCR on Aug. 5, 2014, Standard & Poor's Ratings
Services lowered its corporate credit rating to 'B+' from 'BB-' on
Scientific Games Corp.

"The downgrade and CreditWatch placement follow Scientific Games'
announcement that it has agreed to acquire Bally Technologies for
$5.1 billion, including the refinancing of about $1.8 billion in
net debt at Bally," said Standard & Poor's credit analyst Ariel
Silverberg.


SCIENTIFIC GAMES: Upsizes Add-On Sr Notes Offering to $1.15 Billion
-------------------------------------------------------------------
Scientific Games Corporation announced that its wholly owned
subsidiary, Scientific Games International, Inc., has priced $1.15
billion in aggregate principal amount of senior secured notes due
2022 at an issue price of 106.0% in a previously announced private
offering.  This represents a $150 million increase in the original
offering amount.  The New Notes will be issued under the same
indenture pursuant to which SGI previously issued $950 million of
its 7.000% senior secured notes due 2022.  The New Notes and the
Existing Notes will be treated as a single series of debt
securities for all purposes under the indenture, including, without
limitation, waivers, amendments, redemptions and offers to
purchase, will have terms identical to the Existing Notes, other
than issue date and offering price and will have the same CUSIP and
ISIN numbers as, and trade together with, the Existing Notes,
except that the New Notes (both 144A and Regulation S) will be
issued and maintained under a temporary CUSIP number during a
40-day distribution period commencing on the issue date.

Scientific Games intends to use the net proceeds of the New Notes
offering to prepay a portion of its term loans under its credit
agreement, redeem or repurchase all of its outstanding senior
subordinated notes due 2018 and pay accrued and unpaid interest
thereon plus any related premiums, fees and costs, repay a portion
of its revolving credit facility, pay related fees and expenses of
the New Notes offering and for general corporate purposes.  The New
Notes will be guaranteed on a senior basis by Scientific Games and
certain of its subsidiaries.  The New Notes will be secured by
liens on the same collateral that secures indebtedness under
Scientific Games' credit agreement.

The offering is currently expected to close on Feb. 14, 2017,
subject to customary conditions.
The New Notes will not be registered under the Securities Act of
1933, as amended, or any state securities laws and, unless so
registered, may not be offered or sold in the United States except
pursuant to an applicable exemption from the registration
requirements of the Securities Act and applicable state securities
laws.  The New Notes will be offered only to qualified
institutional buyers in accordance with Rule 144A and to non-U.S.
Persons under Regulation S under the Securities Act.

                    About Scientific Games

Scientific Games Corporation is a developer of technology-based
products and services and associated content for worldwide gaming
and lottery markets.  The Company's portfolio includes instant and
draw-based lottery games; electronic gaming machines and game
content; server-based lottery and gaming systems; sports betting
technology; loyalty and rewards programs; and social, mobile and
interactive content and services.  Visit
http://www.scientificgames.com/                 

As of Sept. 30, 2016, Scientific Games had $7.37 billion in total
assets, $9.12 billion in total liabilities and a total
stockholders' deficit of $1.75 billion.

Scientific Games reported a net loss of $1.39 billion on $2.75
billion of total revenue for the year ended Dec. 31, 2015,
compared to a net loss of $234.3 million on $1.78 billion of total
revenue for the year ended Dec. 31, 2014.

                          *   *    *

In November 2014, Moody's Investors Service downgraded Scientific
Games Corporation's Corporate Family Rating to 'B2' from 'B1'
following the announcement that the company had completed its
merger with Bally Technologies, Inc.

As reported by the TCR on Aug. 9, 2016, S&P Global Ratings lowered
its corporate credit rating on Scientific Games to 'B' from 'B+'.
The outlook is stable.  "The downgrade of Scientific Games reflects
our forecast for lower EBITDA growth and weaker credit measures
than we previously expected," said S&P Global Ratings credit
analyst Ariel Silverberg.


SCOUT MEDIA: CBS Sports Signs Deal to Buy Assets Out of Bankruptcy
------------------------------------------------------------------
The American Bankruptcy Institute, citing Keith J. Kelly of New
York Post, reported that CBS Sports Digital said it has signed a
definitive deal to acquire the assets of Scout Media, the bankrupt
sports-video site that runs team-specific sites for pro and college
teams in major sports.

According to the report, terms were not disclosed, but CBS
previously submitted a $9.5 million "stalking horse" bid for the
sports-video site.

Three creditors had filed suit in November, trying to force the
cash-strapped company into bankruptcy, the report related.

In July, it was hit by high-level turnover in the executive suite
and a defection of many of its senior producers, the report further
related.  That, in turn, appeared to hurt its traffic numbers for
the rest of 2016, the report said.

A team of Russian investors had appeared in 2015 when earlier
backers balked at putting in additional funds, the report added.
Co-founder James Heckman was forced out in July amid claims of
financial impropriety -- claims which Heckman denied, the report
related.

"We are very pleased to bring Scout Media into the CBS Sports
Digital family and add their portfolio of team coverage to our
premium, team-focused content offerings driven by 247Sports,"
Jeffrey Gerttula, senior vice president and general manager, CBS
Sports Digital, the report said.

                    About Scout Media, Inc.

Scout Media, Inc., is a privately held digital sports media
company
that publishes and distributes content related to the National
Football League, fantasy sports, college football and basketball,
high school recruiting, hunting, fishing, outdoors, military, and
history. Scout Media owns and operates a digital network of 150
team-specific, credentialed publishers, and their respective
social
communities. Scout Media is the only sports network with a
full-time video channel for every NFL and major college team.

North American Membership Group Holdings, Inc., bought Scout Media
from Scout Media in 2013.

An involuntary Chapter 11 petition was filed against Scout Media,
Inc. (Bankr. S.D.N.Y. Case No. 16-13369) on Dec. 1, 2016, by LSC
Communications, Inc. f/d/b/a R.R. Donnelley & Sons Co., On Safari
Foods, and Imatch. The petitioners are represented by Joy R.
Grafton, Esq., at Popper & Grafton.

The Debtors hired Womble Carlyle Sandridge & Rice, LLP as counsel,
Sherwood Partners, Inc. as financial advisor, and Epiq Bankruptcy
Solutions, LLC as administrative advisor and claims and noticing
agent.

On Dec. 8, 2016, affiliates of Scout Media filed a voluntary
Chapter 11 bankruptcy petition.  Scout Media Holdings listed under
$50 million in both assets and liabilities; Scout.com, LLC listed
under $50,000 in assets, and under $10 million in liabilities; and
FTFS Acquisition listed under $10 million in both assets and
liabilities.

William K. Harrington, U.S. Trustee for Region 2, on Dec. 15, 2016,
appointed three creditors of Scout Media, Inc., et al., to serve on
the official committee of unsecured creditors.  The Committee
retained Kelley Drye & Warren LLP as counsel and BDO Consulting LLC
as financial advisor for the Committee.


SEBRING MANAGEMENT: Plan Admin. Hires Genovese as Special Counsel
-----------------------------------------------------------------
Carol L. Fox, the Plan Administrator of Sebring Management Fl, LLC,
et al., seeks authority from the U.S. Bankruptcy Court for the
District of Florida to employ the Law Firm of Genovese Joblove &
Battista, P.A. as special counsel to the Plan Administrator.

The Plan Administrator requires Genovese to assist her with due
diligence, investigation, analysis, and to the extent appropriate,
pursuit and/ continued pursuit of litigation claims, including but
not limited to:

   a. director and officer liability claims against any and all
      directors and officers, and Chapter 5 claims against any
      and all directors and officers except for Leif Andersen and
      L. Michael Andersen (the "D&O Claims");

   b. claims against professionals, including but not limited to
      any and all claims against accountants, auditors, and
      investment bankers, including but not limited to any and
      all tort and Chapter 5 claims, but specifically excluding
      any litigation claims against attorneys for the Debtors
      pre- and post-Petition Date (the "Professional Liability
      Claims");

   c. Chapter 5 claims, including against Leif Andersen and L.
      Michael Andersen, but specifically excluding any Chapter 5
      claims (i) which constitute D&O Claims or Professional
      Liability Claims as defined above, and (ii) against
      attorneys for the Debtors pre- and post-Petition Date (the
      "Specified Chapter 5 Claims"); and

   d. any other litigation claims as may be directed by the Plan
      Administrator and agreed to by Genovese, but specifically
      excluding any litigation claims against attorneys for the
      Debtors pre- and post-Petition Date, (the "Other Litigation
      Claims") (collectively, the "Litigation Claims").

Genovese will be paid as follows:

  -- With respect to all Specified Chapter 5 Claims, on the
     following contingency fee terms: (i) 25% of gross
     recoveries achieved prior to the filing of a complaint;
     (ii) 30% of gross recoveries achieved after the filing of a
     complaint but prior to commencement of trial; and (iii) 35%
     of gross recoveries achieved after the commencement of
     trial;

  -- With respect to all Professional Liability Claims and Other
     Litigation Claims, on a contingency fee basis of 35% of
     gross recoveries; and

  -- With respect to the D&O Claims, Genovese Joblove & Battista,
     P.A., special litigation counsel, and Leon, special
     insurance litigation counsel, shall serve as co-counsel on a
     contingency fee basis of 40% of gross recoveries, with
     Genovese and Leon to be compensated as follows: (i) 35% of
     gross recoveries to Genovese and 5% of gross recoveries to
     Leon for all gross recoveries obtained prior to or through
     conclusion of mediation; and (ii) thereafter, in the event
     that insurance coverage litigation and bad faith insurance
     litigation is required to be commenced by Leon, pro rata
     based upon total professional and para-professional hours
     incurred by Genovese and Leom as calculated by multiplying
     professional and/or para-professional hours incurred and
     applicable billable rates.

David C. Cimo, member of Genovese Joblove & Battista, P.A., assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and (a) are not
creditors, equity security holders or insiders of the Debtor; (b)
have not been, within two years before the date of the filing of
the Debtor's chapter 11 petition, directors, officers or employees
of the Debtor; and (c) do not have an interest materially adverse
to the interest of the estate or of any class of creditors or
equity security holders, by reason of any direct or indirect
relationship to, connection with, or interest in, the Debtor, or
for any other reason.

Genovese can be reached at:

     David C. Cimo, Esq.
     GENOVESE JOBLOVE & BATTISTA, P.A.
     100 Southeast Second Street, 44th Floor
     Miami, FL 33131
     Tel: (305) 349-2300
     Fax: (305) 349-2310

                About Sebring Management

Clearwater, Florida-based Sebring Management FL, LLC, and its three
affiliates sought protection under Chapter 11 of the Bankruptcy
Code on Aug. 23, 2015 (Bankr. M.D. Fla., Case No. 15-08589). The
Debtors were represented by Jay B Verona, Esq., at Shumaker, Loop &
Kendrick, LLP, in Tampa, Florida.

In its petition, the Debtor estimated $100,000 to $500,000 in
assets and $10 million to $50 million in liabilities. The petition
was signed by Leif W. Anderson, chief executive officer.

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

                          *     *     *

On May 19, 2016, the Debtors filed the Plan of Orderly Liquidation.
The Plan was amended on July 6, 2016. On July 18, the Court entered
the Amended Findings of Fact, Conclusions of Law, and Order (I)
Approving the Disclosure Statement on a Final Basis, and (II)
Confirming the Joint Plan of Orderly Liquidation. Pursuant to the
Confirmation Order, and as requested in the Plan, Carol Fox was
appointed Plan Administrator of the Debtors' Estates. The Effective
Date of the Plan occurred on August 12, 2016.

The Plan Administrator has hired Jennis Law Firm as counsel, Morgan
& Morgan, P.A., Genovese Joblove & Battista, P.A., the Law Firm of
Leon Cosgrove, LLC, as special counsel, Advisory & Capital Group,
LLC as financial advisor, Howard & Company of Sarasota, Inc. as
accountant.


SEBRING MANAGEMENT: Plan Admin. Hires Leon as Special Counsel
-------------------------------------------------------------
Carol L. Fox, the Plan Administrator of Sebring Management Fl, LLC,
et al., seeks authority from the U.S. Bankruptcy Court for the
District of Florida to employ the Law Firm of Leon Cosgrove, LLC as
special counsel to the Plan Administrator.

The Plan Administrator requires Leon to

   a. advise and assist the Plan Administrator with pursuing
      liability insurance recoveries;

   b. review and analyze the insurance policies and insurance
      related documents;

   c. advise and assist the Plan Administrator with regard to
      available insurance coverage under the policies;

   d. negotiate with the insurers and their counsel on behalf of
      the Plan Administrator;

   e. advise and assist the Plan Administrator with respect to
      settlement negotiations with the insurance carriers and, if
      necessary, mediate claims;

   f. represent the Plan Administrator at hearings and other
      proceedings concerning insurance related issues; and

   g. generally advise the Plan Administrator and Genovese
      Joblove & Battista, P.A. with respect to insurance
      related matters.

Leon will be paid as follows:

  -- With respect to the D&O Claims, Genovese Joblove & Battista,
     P.A., special litigation counsel, and Leon, special
     insurance litigation counsel, shall serve as co-counsel on a
     contingency fee basis of 40% of gross recoveries, with
     Genovese and Leon to be compensated as follows: (i) 35% of
     gross recoveries to Genovese and 5% of gross recoveries to
     Leon for all gross recoveries obtained prior to or through
     conclusion of mediation; and (ii) thereafter, in the event
     that insurance coverage litigation and bad faith insurance
     litigation is required to be commenced by Leon, pro rata
     based upon total professional and para-professional hours
     incurred by Genovese and Leom as calculated by multiplying
     professional and/or para-professional hours incurred and
     applicable billable rates.

Derek E. Leon, member of Law Firm of Leon Cosgrove, LLC, assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and (a) are not
creditors, equity security holders or insiders of the Debtor; (b)
have not been, within two years before the date of the filing of
the Debtor's chapter 11 petition, directors, officers or employees
of the Debtor; and (c) do not have an interest materially adverse
to the interest of the estate or of any class of creditors or
equity security holders, by reason of any direct or indirect
relationship to, connection with, or interest in, the Debtor, or
for any other reason.

Leon can be reached at:

     Derek E. Leon, Esq.
     LAW FIRM OF LEON COSGROVE, LLC
     255 Alhambra Circle, Suite 800
     Coral Gables, FL 33134
     Tel: (305) 740-1975

                About Sebring Management

Clearwater, Florida-based Sebring Management FL, LLC, and its three
affiliates sought protection under Chapter 11 of the Bankruptcy
Code on Aug. 23, 2015 (Bankr. M.D. Fla., Case No. 15-08589). The
Debtors were represented by Jay B Verona, Esq., at Shumaker, Loop &
Kendrick, LLP, in Tampa, Florida.

In its petition, the Debtor estimated $100,000 to $500,000 in
assets and $10 million to $50 million in liabilities. The petition
was signed by Leif W. Anderson, chief executive officer.

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

                          *     *     *

On May 19, 2016, the Debtors filed the Plan of Orderly Liquidation.
The Plan was amended on July 6, 2016. On July 18, the Court entered
the Amended Findings of Fact, Conclusions of Law, and Order (I)
Approving the Disclosure Statement on a Final Basis, and (II)
Confirming the Joint Plan of Orderly Liquidation. Pursuant to the
Confirmation Order, and as requested in the Plan, Carol Fox was
appointed Plan Administrator of the Debtors' Estates. The Effective
Date of the Plan occurred on August 12, 2016.

The Plan Administrator has hired Jennis Law Firm as counsel, Morgan
& Morgan, P.A., Genovese Joblove & Battista, P.A., the Law Firm of
Leon Cosgrove, LLC, as special counsel, Advisory & Capital Group,
LLC as financial advisor, Howard & Company of Sarasota, Inc. as
accountant.


SHIV LODGING: Case Summary & 7 Unsecured Creditors
--------------------------------------------------
Debtor: Shiv Lodging LLC
           dba Best Western Decatur Inn
        1801 S. Highway 287
        Decatur, TX 76234

Case No.: 17-40470

Chapter 11 Petition Date: February 6, 2017

Court: United States Bankruptcy Court
       Northern District of Texas (Ft. Worth)

Judge: Hon. Russell F. Nelms

Debtor's Counsel: Joyce W. Lindauer, Esq.
                  JOYCE W. LINDAUER ATTORNEY, PLLC
                  12720 Hillcrest Road, Suite 625
                  Dallas, TX 75230
                  Tel: (972) 503-4033
                  Fax: (972) 503-4034
                  E-mail: joyce@joycelindauer.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Prakash Patel, president.

A copy of the Debtor's list of seven unsecured creditors is
available for free at http://bankrupt.com/misc/txnb17-40470.pdf


SILGAN HOLDINGS: S&P Assigns BB- Rating on New $300MM Unsec. Notes
------------------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issue-level rating and '6'
recovery rating to Connecticut-based Silgan Holdings Inc.'s
proposed $300 million unsecured notes due in 2027 and EUR450
million unsecured notes due in 2025.  The '6' recovery ratings
indicate S&P's expectation for negligible (0%-10%) recovery in the
event of a default.

At the same time, S&P placed its issue-level ratings on both
unsecured note issuances on CreditWatch with negative
implications.

All of S&P's other ratings on Silgan are unchanged.

Silgan Holdings is issuing $300 million of unsecured notes and
EUR450 million of unsecured notes to refinance its existing debt
facilities.  After these notes are issued, S&P expects the company
to fully repay its outstanding revolver balance and repay
approximately $177 million and $197 million on its U.S.
dollar-denominated term loan and euro-denominated term loan,
respectively.

S&P placed the proposed unsecured notes on CreditWatch with
negative implications because all of S&P's other ratings on Silgan
are on CreditWatch negative to reflect S&P's expectation
that--based on the proposed structure of the previously announced
$1.02 billion acquisition of WestRock's Specialty Closures and
Dispensing Systems business--the company's already stretched credit
measures will deteriorate further.  S&P expects to resolve the
CreditWatch placement after evaluating Silgan's post-transaction
financial policies and capital allocation plans.  The proposed
transaction is still subject to regulatory approval.

                        RECOVERY ANALYSIS

Key analytical factors

   -- S&P's simulated default scenario assumes a payment default
      in 2020 stemming from deteriorating economic conditions and
      declining sales volumes on weak end-market demand.  At the
      same time, S&P assumes competition intensifies and rising
      raw material costs pressure the company's margins and cash
      flows.

   -- As a result, its cash flow would be insufficient to cover
      interest expense, required amortization on the term loan,
      working capital, and maintenance capital outlays.

   -- Eventually, the company's liquidity and capital resources
      would become strained to the point that it could not
      continue to operate without filing for bankruptcy.

   -- S&P believes that the company's underlying business would
      continue to have considerable value and expect that Silgan
      would emerge from bankruptcy, rather than pursue
      liquidation.

   -- S&P assumes that the company will seek covenant amendments
      on its path to default--resulting in higher interest
costs—
      and anticipate that it will have drawn approximately 85% on
      its revolving credit facility.

Simulated default assumptions
   -- Simulated default year: 2020
   -- EBITDA multiple: 6x
   -- EBITDA at emergence: $353 million

Simplified waterfall
   -- Net enterprise value (less 5% administrative costs):
      $2.01 billion
   -- Obligor/nonobligor valuation split: 83%/17%
   -- Value available to first-lien debt claims: $1.86 billion
   -- First-lien debt claims (revolving credit facilities and term

      loans, including anticipated bank debt issuance):
      $1.86 billion
      -- First-lien recovery expectations: 90%-100%
   -- Value available to unsecured debt claims: $96 million
   -- Unsecured debt claims: $1.60 billion
      -- Unsecured debt recovery expectations: 0%-10%
Note: All debt amounts include six months of prepetition interest.

RATINGS LIST

Silgan Holdings Inc.
Corporate Credit Rating           BB+/Watch Neg/--

New Ratings; CreditWatch Action

Silgan Holdings Inc.
$300M Unsecured Notes Due 2027    BB-/Watch Neg
  Recovery Rating                  6
EUR450M Unsecured Notes Due 2025    BB-/Watch Neg
  Recovery Rating                  6


SNUG HARBOR: Exclusivity Periods Extended Thru April 5
------------------------------------------------------
Judge Andrew B. Alternburg of the U.S. Bankruptcy Court for the
District of New Jersey, extended Snug Harbor Marina, LLC's
exclusive periods for filing a plan of reorganization from February
5, 2017 to April 5, 2017.  

Judge Alternburg also extended the Debtor's exclusive period for
obtaining acceptances to the plan to June 4, 2017.

The Debtor sought extension of its exclusivity periods in order to
provide it with sufficient time to continue marketing and selling
its fishing marina located at 926 Ocean Drive, Cape May, NJ or
secure a refinancing agreement.   

The Debtor contended that once it enters into an Agreement of Sale
or Refinancing Agreement, there would be clarity in its financial
situation that would permit the Debtor to focus on formulating,
negotiating, preparing and proposing a Plan of Reorganization to
pay its largest secured creditor, Harvest Community Bank, and any
remaining creditors and parties in interest as allowable.

The Debtor further contended that although the General Bar Date for
Creditors and Governmental Bar Date for Governmental Creditors has
passed, it was still working with its counsel to prepare its asset
valuations and financial projections to formulate a feasible Plan
of Reorganization, and still needed to ascertain the final total
amount of filed proofs of claim from its creditors.

            About Snug Harbor Marina, LLC.

Snug Harbor Marina, LLC, owns and operates a fishing marina located
at 926 Ocean Drive, Cape May, New Jersey.  The marina has been
operating since 2002.  The fishing marina is open all year
providing boat slips, docks along with a store selling boating and
fishing gear, located on the site.  Snug Harbor Marina owns the
real estate on which the marina business operates.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr.
D.N.J. Case No. 16-16895) on April 11, 2016, listing $6.46 million
in total assets and $3.78 million in total liabilities.  The
petition was signed by Ralph P. Farrell, member.  Judge Andrew B.
Altenburg Jr. presides over the case.   Scott M. Zauber, Esq., at
Subranni Zauber LLC, serves as the Debtor's bankruptcy counsel.
The Debtor employs Brian Groetsch of RE/MAX at the Shore as
realtor.

No trustee or examiner or official committee of unsecured creditors
has been appointed in the Debtor's Bankruptcy Case.



SPECTRUM HEALTHCARE: Seeks 90-Day Exclusivity Period Extension
--------------------------------------------------------------
Spectrum Healthcare, LLC and its affiliated Debtors ask the U.S.
Bankruptcy Court for the District of Connecticut to extend their
exclusive periods for filing a chapter 11 plan and soliciting
acceptances to the plan, for a period of 90 days, or until May 4,
2017 and July 3, 2017, respectively.

Absent an extension, the Debtors' exclusive plan filing period
would have expired on February 3, 2017.  The Debtor's exclusive
solicitation period is currently set to expire on April 4, 2017.

The Debtors tell the Court that at the outset of their cases, the
Debtors agreed with their major creditor constituents to engage in
a sale process, so the operations for all four of their skilled
nursing facilities could be transitioned to new operators.  The
Debtors further tell the Court that at to facilitate the sale
process, they agreed to the appointment of a Chief Restructuring
Officer who is overseeing the sale process.  The Debtors add that
they have agreed to aggressive milestones to expedite the sale
process to enable a prompt and efficient sale.  

The Debtors say that it is not reasonable to expect the sale
process to be completed until after the deadline to file a plan.
The Debtors further say that they are seeking an extension of their
exclusive periods because the sale process needs to be completed
before the Debtors can determine the appropriate means of closing
out the case, whether through the filing of a plan of liquidation,
conversion to a chapter 7, or dismissal.

                About Spectrum Healthcare, LLC

Spectrum Healthcare LLC is a nursing home operator, owning six
nursing facilities have 716 beds and employing 725 people.
Spectrum Healthcare and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Conn. Case Nos.
16-21635 to 16-21639) on Oct. 6, 2016.  The petitions were signed
by Sean Murphy, chief financial officer.

At the time of filing, the Debtors listed these assets and
liabilities:

                                          Total        Estimated
                                          Assets      Liabilities
                                        ----------    -----------
Spectrum Healthcare                     $282,369      $500K-$1M
Spectrum Healthcare Derby               $2,068,467      $1M-$10M
Spectrum Healthcare Hartford            $4,188,568        N/A
Spectrum Healthcare Manchester, LLC     $2,729,410        N/A
Spectrum Healthcare Torrington, LLC     $3,321,626        N/A

Spectrum Healthcare and its affiliates previously filed Chapter 11
petitions (Bankr. D. Conn. Case No. 12-22206) on Sept. 10, 2012.

In the 2016 bankruptcy case, the Debtors are represented by
Elizabeth J. Austin, Esq., Irve J. Goldman, Esq., and Jessica
Grossarth, Esq., at Pullman & Comley, LLC.  Blum, Shapiro & Co.,
P.C. serves as their accountant and financial advisor.

William K. Harrington, the United States Trustee for the District
of Connecticut, appointed Nancy Shaffer, M.A., a member of the
Connecticut Long Term Care Ombudsman's Office, as the Patient Care
Ombudsman for Spectrum Healthcare Derby, LLC, Spectrum Healthcare
Hartford, LLC, Spectrum Healthcare Manchester, LLC, and Spectrum
Healthcare Torrington, LLC.


SRS DISTRIBUTION: S&P Affirms 'B' CCR on Incremental Debt Add-On
----------------------------------------------------------------
S&P Global Ratings said it affirmed its 'B' corporate credit rating
on McKinney, Texas-based SRS Distribution Inc.  The rating outlook
is stable.

SRS Distribution plans to issue an incremental $140 million
first-lien term loan add-on and an incremental $40 million
second-lien term add-on to fund a $175 million dividend to its
owners.  The first-lien term loan add-on will increase the balance
of SRS's existing $572 million (original loan amount) first-lien
term loan due 2022 to approximately $708 million outstanding.  The
second-lien term loan add-on will increase SRS's existing $130
million first-lien term loan due 2023 to approximately $170
million.

At the same time, S&P affirmed the 'B' issue-level rating (the same
as the corporate credit rating) on SRS's existing
$572 million first-lien term loan due 2022 (approximately $708
million outstanding after the proposed $140 million add-on).  S&P
also revised the recovery rating on the debt to '3' from '4',
indicating S&P's expectation of meaningful (50% to 70%; lower end
of the range) recovery for lenders in the event of a payment
default.

S&P also affirmed the 'CCC+' issue-level rating (two notches lower
than the corporate credit rating) on SRS's existing $130 million
second-lien term loan due 2023 (approximately $170 million after
the proposed $40 million add-on).  The '6' recovery rating on the
debt indicates S&P's expectation of negligible (0% to 10%) recovery
for lenders in the event of a payment default.

"We expect SRS' credit measures will remain in line with a highly
leveraged financial risk profile due to its ownership by a
financial sponsor and the proposed debt-financed dividend, leading
us to believe leverage will rise above 5x in 2017, even if it
occasionally falls below that level," said S&P Global Ratings
credit analyst Pablo Garces.  "We expect liquidity will be
sufficient to meet the company's seasonal working capital needs and
other obligations as well."

S&P could lower the rating on SRS if margins were to decline and
leverage were to surpass 7x.  This could occur if a sudden drop in
demand caused severe price competition within the industry, sharply
reducing revenues and margins, or if it encountered setbacks
incorporating further acquisitions over the year that caused a
significant and unexpected use of capital.  S&P could also lower
its rating if liquidity were to become constrained, most notably if
availability under its $275 million ABL were to decrease
significantly so that the ratio of sources to uses of liquidity
fell below 1.2x.

S&P could raise its rating on SRS if debt leverage were to fall and
consistently remain below 5x debt to EBITDA and above 12% FFO to
debt on a sustained basis over the next 12 months.  In order for
S&P to reexamine SRS' financial risk profile, S&P would also have
to gain confidence that the company and its financial sponsor
owners were committed to maintaining leverage below 5x on an
ongoing and permanent basis.



SUPREME CEILING: Hires Frederick Minaya as Accountant
-----------------------------------------------------
Supreme Ceiling & Interiors, Inc., seeks authority from the U.S.
Bankruptcy Court for the District of Florida to employ Frederick
Minaya & Co., Inc. as accountant to the Debtor.

Supreme Ceiling requires Frederick Minaya to:

   a. prepare and file tax returns;

   b. prepare financial statements for the Debtor; and

   c. prepare financial schedules for Debtor's use in preparing
      court pleadings and filings.

Frederick Minaya will be paid at the hourly rate of $60.

Frederick Minaya will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Fred Minaya, member of Frederick Minaya & Co., Inc., assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Frederick Minaya can be reached at:

     Fred Minaya
     FREDERICK MINAYA & CO., INC.
     16728 NE 6th Avenue
     N. Miami Beach, FL 33162
     Tel: (305) 652-5557
     Fax: (305) 652-5513

                About Supreme Ceiling & Interiors

Supreme Ceiling & Interiors, Inc. filed a Chapter 11 petition
(Bankr. S.D. Fla. Case No. 17-10506), on January 17, 2017,
disclosing under $1 million in both assets and liabilities. The
Petition was signed by its President, Herbert Williamson. The
Debtor is represented by Mitchell J. Nowack, Esq. at Nowack &
Olson, PLLC. The Debtor taps Frederick Minaya & Co., Inc. as
accountant.


SUPREME CEILING: Hires Nowack & Olson as Attorney
-------------------------------------------------
Supreme Ceiling & Interiors, Inc., seeks authority from the U.S.
Bankruptcy Court for the District of Florida to employ Nowack &
Olson, PLLC as attorney to the Debtor.

Supreme Ceiling requires Nowack & Olson to:

   a. give advice to the Debtor with respect to its powers and
      duties as a debtor in possession and the continued
      management of its business operations;

   b. advise the Debtor with respect to its responsibilities in
      complying with the U.S. Trustee's Operating Guidelines and
      Reporting Requirements and with the rules of the court;

   c. prepare motions, pleadings, orders, applications, adversary
      proceedings, and other legal documents necessary in the
      administration of the case;

   d. protect the interest of the Debtor in all matters pending
      before the court;

   e. represent the Debtor in negotiation with its creditors in
      the preparation of a plan.

Mitchell J. Nowack, member of Nowack & Olson, PLLC, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Nowack & Olson can be reached at:

     Mitchell J. Nowack, Esq.
     NOWACK & OLSON, PLLC
     8551 Sunrise Blvd, Suite 208
     Plantation, FL 33322
     Tel: (954) 349-2265

                About Supreme Ceiling & Interiors

Supreme Ceiling & Interiors, Inc. filed a Chapter 11 petition
(Bankr. S.D. Fla. Case No. 17-10506), on January 17, 2017,
disclosing under $1 million in both assets and liabilities. The
Petition was signed by its President, Herbert Williamson. The
Debtor is represented by Mitchell J. Nowack, Esq. at Nowack &
Olson, PLLC. The Debtor taps Frederick Minaya & Co., Inc. as
accountant.


TERRAFORM PRIVATE: S&P Puts 'B-' ICR on CreditWatch Positive
------------------------------------------------------------
S&P Global Ratings said it placed its 'B-' issuer credit rating on
TerraForm Private LLC on CreditWatch with positive implications.
S&P also placed the 'B' issue-level rating on its term loan B on
CreditWatch with positive implications.  The recovery rating of '2'
on the term loan is unchanged.

The credit quality of TerraForm Private LLC had suffered because of
the ownership by bankrupt parent, SunEdison Inc.  The bankruptcy
court has approved SunEdison's sale of the warehouse facility to
DIF.

The CreditWatch placement stems from the recent announcement of
bankruptcy court approval for SunEdison Inc. to sell the warehouse
facility to DIF.  Presently, the very weak credit quality of
SunEdison weighs on the rating of TerraForm Private.  However, upon
close of the sale, this constraint could be lifted.

In addition, S&P notes that performance at the assets has been
stronger during recent months and that the change of control, which
S&P expects to occur in the coming month or thereabouts, likely
carries with it certain adjustments to the documents that provide
for debtholder protections.

"We believe that the proposed change of control could have positive
credit implications because it would effectively delink TerraForm
Private from SunEdison Inc., which is of weaker credit quality,"
said S&P Global Ratings credit analyst Michael Ferguson. "We will
resolve the CreditWatch listing when the change of control has
occurred and we have had sufficient time to assess the effects."



THORNBURG MORTGAGE: SEC Ends Case Against Two Former Executives
---------------------------------------------------------------
John Kennedy, writing for Bankruptcy Law360, reports that the U.S.
Securities and Exchange Commission will no longer pursue its
remaining claims in its case against former Thornburg Mortgage
executives Larry Goldstone and Clay Simmons over $428 million in
financial-crisis-era losses.  

Law360 says that an agreement was reached between parties.  The SEC
did not elaborate on the reasons behind its dropping of the case
which lasted almost five years, the report states.

                   About Thornburg Mortgage

Based in Santa Fe, New Mexico, Thornburg Mortgage Inc. (NYSE: TMA)

-- http://www.thornburgmortgage.com/-- was a single-family      
residential mortgage lender focused principally on prime and
super-prime borrowers seeking jumbo and super-jumbo adjustable
rate mortgages.  It originated, acquired, and retained investments

in adjustable and variable rate mortgage assets.  Its ARM assets
comprised of purchased ARM assets and ARM loans, including
traditional ARM assets and hybrid ARM assets.

Thornburg Mortgage and its four affiliates filed for Chapter 11
bankruptcy (Bankr. D. Md. Lead Case No. 09-17787) on May 1, 2009.
Thornburg changed its name to TMST, Inc.

Judge Duncan W. Keir is handling the case.  David E. Rice, Esq.,
at Venable LLP, in Baltimore, Maryland, served as counsel to
Thornburg Mortgage.  Orrick, Herrington & Sutcliffe LLP served as
special counsel.  Jim Murray and David Hilty of Houlihan Lokey
Howard & Zukin Capital, Inc., served as investment banker and
financial advisor.  Protiviti Inc. served as financial advisory
services.  KPMG LLP served as the tax consultant.  Epiq Systems,
Inc., serves claims and noticing agent.  Thornburg disclosed total

assets of $24.4 billion and total debts of $24.7 billion, as of
Jan. 31, 2009.

On Oct. 28, 2009, the Court approved the appointment of Joel I.
Sher as the Chapter 11 Trustee for the Company, TMST Acquisition
Subsidiary, Inc., TMST Home Loans, Inc., and TMST Hedging
Strategies, Inc.  He is represented by his firm, Shapiro Sher
Guinot & Sandler.


TOP FOOTWEAR: Hires DelBello Donnellan as Attorney
--------------------------------------------------
Top Footwear, LLC, seeks authority from the U.S. Bankruptcy Court
for the District of New York to employ DelBello Donnellan
Weingarten Wise & Wiederkehr, LLP as attorney to the Debtor.

Top Footwear requires DelBello Donnellan to:

   a. give advice to the Debtor with respect to its powers and
      duties as Debtor-in-Possession and the continued management
      of its property and affairs;

   b. negotiate with creditors of the Debtor and work out a plan
      of reorganization and take the necessary legal steps in
      order to effectuate such a plan including, if need be,
      negotiations with the creditors and other parties in
      interest;

   c. prepare the necessary answers, orders, reports and other
      legal papers required for the Debtor's protection from its
      creditors under Chapter 11 of the Bankruptcy Code;

   d. appear before the Bankruptcy Court to protect the interest
      of the Debtor and to represent the Debtor in all matters
      pending before the Court;

   e. attend meetings and negotiate with representatives of
      creditors and other parties in interest;

   f. advise the Debtor in connection with any potential sale of
      its assets;

   g. represent the Debtor in connection with obtaining post-
      petition financing, if necessary;

   h. take any necessary action to obtain approval of a
      disclosure statement and confirmation of a plan of
      reorganization; and

   i. perform all other legal services for the Debtor which may
      be necessary for the preservation of the Debtor's estates
      and to promote the best interests of the Debtor, its
      creditors and its estates.

DelBello Donnellan will be paid at these hourly rates:

     Jonathan S. Pasternak            $620
     Steven R. Schoenfeld             $595
     Dawn Kirby                       $515
     Erica R. Aisner                  $410
     Julie Cvek Curley                $410
     Of Counsel                       $375
     Law Clerks                       $200
     Paralegals                       $150

DelBello Donnellan received a third-party pre-petition retainer
from Pakod Inc., an affiliate of the Debtor, on behalf of the
Debtor, in conjunction with the filing of this Chapter 11 case in
the amount of $12,500.

DelBello Donnellan will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Jonathan S. Pasternak, member of DelBello Donnellan Weingarten Wise
& Wiederkehr, LLP, assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtor and its estates.

DelBello Donnellan can be reached at:

     Jonathan S. Pasternak, Esq.
     DELBELLO DONNELLAN WEINGARTEN
     WISE & WIEDERKEHR, LLP
     One North Lexington Avenue
     White Plains, NY 10601
     Tel: (914) 681-0200

                About Top Footwear, LLC

Top Footwear, LLC, filed a Chapter 11 bankruptcy petition (Bankr.
E.D.N.Y. Case No. 17-40200) on January 18, 2017, disclosing under
$1 million in both assets and liabilities. The Debtor is
represented by Julie Cvek Curley, Esq., at DelBello Donnellan
Weingarten Wise & Wiederkehr, LLP.



TRAC INTERMODAL: Moody's Withdraws B1 Corporate Family Rating
-------------------------------------------------------------
Moody's Investors Service has withdrawn all ratings and the ratings
outlook of TRAC Intermodal LLC for business reasons.

RATINGS RATIONALE

Moody's has withdrawn the ratings for business reasons. Please
refer to the Moody's Investors Service's Policy for Withdrawal of
Credit Ratings, available on its website, www.moodys.com.

Withdrawals:

Issuer: TRAC Intermodal LLC

-- Corporate Family Rating, Withdrawn, previously rated B1

-- Probability of Default Rating, Withdrawn, previously rated
B2-PD

-- Speculative Grade Liquidity Rating, Withdrawn, previously rated
SGL-3

-- Senior Secured Regular Bond/Debenture, Withdrawn , previously
rated B3 (LGD 4)

Outlook Actions:

Issuer: TRAC Intermodal LLC

-- Outlook, Changed To Rating Withdrawn From Stable

TRAC Intermodal LLC, headquartered in Princeton, NJ, is the largest
provider of intermodal container chassis to domestic and
international transportation companies in North America. Revenues
for the last 12 months ended September 2016 were $671 million. TRAC
is a private company that is indirectly owned by funds managed by
an affiliate of Fortress Investment Group LLC.



TRANSMAR COMMODITY: Taps Donlin Recano as Administrative Agent
--------------------------------------------------------------
Transmar Commodity Group Ltd. seeks permission from the U.S.
Bankruptcy Court for the Southern District of New York to employ
Donlin, Recano & Company, Inc. as Administrative Agent.

Donlin as an agent is expected to:

     (a) Assist with, among other things, solicitation, balloting
and tabulation and calculation of votes, as well as preparing any
appropriate reports, as required in furtherance of confirmation of
plan(s) of reorganization;

     (b) Generate an official ballot certification and testify, if
necessary, in support of the ballot tabulation results;

     (c) In connection with the Balloting Services, handle requests
for documents from parties in interest, including, if applicable,
brokerage firms and bank back-offices and institutional holders;

     (d) Gather data in conjunction with the preparation, and
assist with the preparation, of the Debtor's schedules of assets
and liabilities and statements of financial affairs;

     (e) Provide a confidential data room, if requested;

     (f) Manage and coordinate any distributions pursuant to a
confirmed plan of reorganization or otherwise; and

     (g) Provide such other processing, solicitation, balloting and
other administrative services described in the Services Agreement,
but not included in the Section 156(c) Application, as may be
requested from time to time by the Debtor, the Court or the Clerk's
Office for the United States Bankruptcy Court for the Southern
District of New York.

Roland Tomforde, Chief Operating Officer of Donlin, Recano &
Company, Inc, attests that Donlin and its employees do not have any
connection with the Debtor, its affiliates, its creditors, or any
other party in interest, or its respective attorneys and
accountants, the United States Trustee for the Southern District of
New York or any person employed in the office of the same, or any
judge in the Bankruptcy Court for the Southern District of New York
or any person employed in the offices of the same with respect to
any matter for which it will be employed; are "disinterested
persons", as that term is defined in section 101(14) of the
Bankruptcy Code; and do not hold or represent any interest adverse
to the estate.

Donlin, Recano & Company, Inc's hourly rates are:

     Senior Bankruptcy                   $165
     Consultant Case Manager             $140
     Technology /Programming Consultant  $110
     Consultant/ Analyst                  $90
     Clerical                             $45

The Firm can be reached through:

     Roland Tomforde
     DONLIN, RECANO & COMPANY, INC.
     6201 15th Avenue
     Brooklyn, NY 11219
     Tel: (212) 481-1411

                         About Transmar Commodity Group Ltd.

Transmar Commodity Group Ltd. filed a Chapter 11 petition (Bankr.
S.D.N.Y. Case No. 16-13625), on December 31, 2016.  The Petition
was signed by was signed by Peter G. Johnson, chairman, president
and chief executive officer.  At the time of filing, the Debtor had
estimated both assets and liabilities ranging between $100 million
to $500 million each.

The Debtor is represented by Joseph L. Schwartz, Esq., Tara J.
Schellhorn, Esq. and Rachel F. Gillen, Esq., at Riker Danzig
Scherer Hyland & Perretti LLP.  The Debtor engaged Tracy L.
Klestadt, Esq., Joseph C. Corneau, Esq., and Christopher J. Reilly,
Esq., at Klestadt Winters Jureller Southard & Stevens, LLP as local
counsel; and GORG as German special counsel.

The Debtor hired DeLoitte Transactions and Business Analytics LLP
as its restructuring advisor; and Donlin, Recano & Company, Inc. as
its claims & noticing agent.     


TRANSMAR COMMODITY: Taps GORG Partnerschaft as Special Counsel
--------------------------------------------------------------
Transmar Commodity Group Ltd. seeks permission from the U.S.
Bankruptcy Court for the Southern District of New York to employ
GORG Partnerschaft von Rechtsanwalten mbB, a German business law
firm, as special counsel to the Debtor, nunc pro tunc to December
31, 2016, to continue advising the Debtor with respect to:

     (i) transactions between the Debtor and Euromar Commodities
GmbH, an indirect affiliate of the Debtor currently in an
insolvency proceeding in Germany that commenced on or about
December 2, 2016;

     (ii) Euromar's insolvency proceeding;

     (iii) the Debtor's claims, rights, defenses and obligations as
they pertain to Euromar under German law; and

     (iv) transactions that involved the Debtor and another
indirect affiliate of the Debtor, Transmar Germany GmbH, also in an
insolvency proceeding in Germany, and the Debtor's claims, rights,
defenses and obligations as they pertain to Transmar Germany under
German law.

GORG agreed to perform legal services for the Debtor at the agreed
hourly rate for all of its lawyers of EUR351. GORG does not charge
for work performed by paralegals, secretaries, or other staff
members.

Thomas Ruhle, associated partner with the firm of GORG
Partnerschaft von Rechtsanwalten mbB, attests that GORG does not
have any connection to the Debtor, the creditors or any party in
interest herein, and does not represent or hold any interest
adverse to the Debtor or to the estate with respect to the matters
for which GORG is to be employed.

The Firm can be reached through:

     Thomas Ruhle
     GORG PARTNERSCHAFT VON RECHTSANWaLTEN MBB
     Kennedyplatz 2
     Cologne
     North Rhine-Westphalia
     Germany 50679
     Tel: +49 221 33660-244
     Fax: +49 221 33660-88
     Email: ruehle@goerg.de

                         About Transmar Commodity Group Ltd.

Transmar Commodity Group Ltd. filed a Chapter 11 petition (Bankr.
S.D.N.Y. Case No. 16-13625), on December 31, 2016.  The Petition
was signed by was signed by Peter G. Johnson, chairman, president
and chief executive officer.  At the time of filing, the Debtor had
estimated both assets and liabilities ranging between $100 million
to $500 million each.

The Debtor is represented by Joseph L. Schwartz, Esq., Tara J.
Schellhorn, Esq. and Rachel F. Gillen, Esq., at Riker Danzig
Scherer Hyland & Perretti LLP.  The Debtor engaged Tracy L.
Klestadt, Esq., Joseph C. Corneau, Esq., and Christopher J.
Reilly,
Esq., at Klestadt Winters Jureller Southard & Stevens, LLP as local
counsel; and GORG as German special counsel.

The Debtor hired DeLoitte Transactions and Business Analytics LLP
as its restructuring advisor; and Donlin, Recano & Company, Inc. as
its claims & noticing agent.


TRANSMAR COMMODITY: Taps Riker Danzig as Lead Bankruptcy Counsel
----------------------------------------------------------------
Transmar Commodity Group Ltd. seeks permission from the U.S.
Bankruptcy Court for the Southern District of New York to employ
Riker Danzig Scherer Hyland & Perretti LLP as lead bankruptcy
counsel for the Debtor nunc pro tunc to December 31, 2016.

The services Riker Danzig will provide are:

     a) advise the Debtor with respect to its powers and duties as
debtor and debtor-in-possession in the continued management and
operation of its business and assets;

     b) attend meetings and negotiate with representatives of
creditors and other parties in interest, and advise and consult
with respect to this Bankruptcy Case, including all of the legal
and administrative requirements of operating in chapter 11;

     c) take necessary action to protect and preserve the Debtor's
estate, including, but not limited to, the prosecution of actions
on behalf of the Debtor's estate, the defense of any actions
commenced against the estate, negotiating on the Debtor's behalf,
and reviewing and/or objecting to claims filed against the estate;

     d) prepare, on behalf of the Debtor, motions, applications,
answers, orders, reports, and papers necessary to the
administration of the estate;

     e) communicate with the Debtor's pre-petition lenders, and
potentially obtaining the consent of the pre-petition lenders,
preparing and negotiating on the Debtor's behalf plan(s) of
reorganization, disclosure statement(s) and all related agreements
and/or documents, and taking any necessary action on behalf of the
Debtor to obtain confirmation of such plan(s);

     f) communicate with the Debtor's pre-petition lenders, and
potentially obtaining the consent of the pre-petition lenders,
advising the Debtor in connection with any sale(s) of assets,
including negotiating with interested parties, documenting any
transactions and preparing necessary pleadings to seek Court
approval thereof;

     g) perform other necessary legal services and providing other
necessary legal advice to the Debtor in connection with this
Bankruptcy Case; and

     h) appear before this Court and any appellate courts and
protecting the interests of the Debtor's estate before such
courts.

Joseph L. Schwartz, a partner with the law firm of Riker Danzig
Scherer Hyland & Perretti LLP, attests that his firm is a
"disinterested person" within the meaning of 11 U.S.C. Section
101(14) and does not hold or represent any interest adverse to the
estate.

Subject to Court approval in accordance with section 330(a) of the
Bankruptcy Code, compensation will be payable to Riker Danzig on an
hourly basis, plus reimbursement of actual, necessary expenses
incurred. In general, Riker Danzig charges between $395 per hour
and $650 per hour for the services of its partners, counsel and "of
counsel," between $210 per hour and $435 per hour for the services
of its associates and $115 per hour and $250 per hour for the
services of its paralegals and other paraprofessionals.

The Debtor made payments to Riker Danzig during the 90 days prior
to the Petition Date totaling $699,656, which included a remaining
retainer of $346,657.34 for services to be rendered in this
Bankruptcy Case, which would be used to pay post-petition
professional fees and expenses approved by the Court.

The Firm can be reached through:

     Joseph L. Schwartz, Esq.
     Tara J. Schellhorn, Esq.
     Rachel F. Gillen, Esq.
     RIKER DANZIG SCHERER HYLAND & PERRETTI LLP
     Headquarters Plaza, One Speedwell Avenue
     Morristown, NJ 07960
     Telephone: (973) 538-0800
     Facsimile: (973) 538-1984

                      About Transmar Commodity Group Ltd.

Transmar Commodity Group Ltd. filed a Chapter 11 petition (Bankr.
S.D.N.Y. Case No. 16-13625), on December 31, 2016.  The Petition
was signed by was signed by Peter G. Johnson, chairman, president
and chief executive officer.  At the time of filing, the Debtor had
estimated both assets and liabilities ranging between $100 million
to $500 million each.

The Debtor is represented by Joseph L. Schwartz, Esq., Tara J.
Schellhorn, Esq. and Rachel F. Gillen, Esq., at Riker Danzig
Scherer Hyland & Perretti LLP.  The Debtor engaged Tracy L.
Klestadt, Esq., Joseph C. Corneau, Esq., and Christopher J. Reilly,
Esq., at Klestadt Winters Jureller Southard & Stevens, LLP as local
counsel; and GORG as German special counsel.

The Debtor hired DeLoitte Transactions and Business Analytics LLP
as its restructuring advisor; and Donlin, Recano & Company, Inc. as
its claims & noticing agent.  


TRI-VALLEY LEARNING: Committee Taps Fox Rothschild as Counsel
-------------------------------------------------------------
The official committee of unsecured creditors of Tri-Valley
Learning Corp. seeks approval from the U.S. Bankruptcy Court for
the Northern District of California to hire legal counsel.

The committee proposes to hire Fox Rothschild LLP to give legal
advice regarding its duties under the Bankruptcy Code, investigate
potential claims, negotiate and assist in the preparation of a
bankruptcy plan, and provide other legal services.

The hourly rates charged by the firm are:

     Michael Sweet              $595
     L. John Bird               $405
     Jack Praetzellis           $375
     Paralegals          $145 - $345
     Law Clerks          $145 - $345

Fox Rothschild is a "disinterested person" as defined in section
101(14) of the Bankruptcy Code, according to court filings.

The firm can be reached through:

     Michael A. Sweet, Esq.
     Jack Praetzellis, Esq.
     Fox Rothschild LLP
     345 California Street, Suite 2200
     San Francisco, CA 94104
     Tel: (415) 364-5540
     Fax: (415) 391-4436
     Email: msweet@foxrothschild.com
     Email: jpraetzellis@foxrothschild.com

                    About Tri-Valley Learning

Tri-Valley Learning Corporation is a non-profit corporation that
owns, manages and operates four charter schools.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N. D. Calif. Case No. 16-43112) on November 8, 2016.
The petition was signed by Lynn Lysko, chief executive officer.  

The case is assigned to Judge Charles Novack.  Pachulski Stang
Ziehl & Jones LLP serves as the Debtor's legal counsel.

At the time of the filing, the Debtor estimated its assets and
liabilities at $10 million to $50 million.


TRINITY RIVER: Court Extends Exclusive Periods to February 23
-------------------------------------------------------------
Judge Tony M. Davis of the U.S. Bankruptcy Court for the Western
District of Texas extended Trinity River Resources, LP's exclusive
periods to February 23, 2017, or such other date when the Court
enters a final order ruling on the merits of the Debtor's Bridge
Motion.

The Debtor previously sought the extension of its exclusive periods
for filing a plan of reorganization and soliciting acceptances to
the plan through May 1, 2017 and July 3, 2017, respectively.

The Debtor's Exclusive Filing Period was set to expire on January
31, 2017.  The Debtor requested the Court, out of an abundance of
caution and to the extent the Court believes a hearing is required,
to schedule a hearing to consider the entry of a Bridge Order on or
before January 31.

The Debtor related that it continued to make progress on its road
to reorganization.  The Debtor further related that its independent
manager, John T. Young, Jr., at Conway MacKenzie, with the
assistance of Conway MacKenzie and T2 Land Resources, had spent
considerable time reviewing and evaluating the Debtor's affairs and
oil and gas interest, and preparing for a potential sale of those
assets.  The Debtor added that the Independent Manager had
reengaged Scotiabank to restart the sale process.

The Debtor contended that it was continuing to negotiate with
GeoSouthern Energy Corporation to resolve its objections to the use
of seismic data in the Debtor's sale process and post-sale
operations of the Debtor's oil and gas properties.  The Debtor
further contended that while the Debtor believed it had made
significant progress in its discussions with GeoSouthern Energy,
those negotiations were still ongoing and the Debtor's Independent
Manager would need additional time to resolve those issues on a
consensual basis.

The Debtor told the Court that Anadarko E&P Onshore LLC initiated
an adversary proceeding to determine the extent, validity and
priority of its disputed interests in Debtor's properties and its
disputed claims against the Debtor.  The Debtor also told the Court
that it had met in person with Anadarko (and/or their
professionals) on three separate occasions, and had exchanged
information informally. The Debtor added, however, that Anadarko
had recently served formal discovery requests on the Debtor.  The
Debtor asserted that it would need additional time to resolve its
dispute with Anadarko.

            About Trinity River Resources, LP

Trinity River Resources, LP, filed a Chapter 11 bankruptcy petition
(Bankr. W.D. Tex. Case No. 16-10472) on April 21, 2016.  The
petition was signed by Matthew J. Telfer as manager of Trinity
River Resources, GP, LLC.  Judge Tony M. Davis is assigned to the
case.  The Debtor estimated assets in the range of $50 million to
$100 million and liabilities of up to $500 million.  

The Debtor has hired Bracewell LLP as counsel.  The Debtor has
employed John T. Young, Jr., a Senior Managing Director with Conway
MacKenzie, as the its independent manager; and has also retained
Conway MacKenzie as its financial advisor.  The Debtor has employed
T2 Land Resources, as ordinary course professionals.


ULTRAPETROL (BAHAMAS): Case Summary & 40 Top Unsecured Creditors
----------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

      Debtor                                             Case No.
      ------                                             --------
      Ultrapetrol (Bahamas) Limited                      17-22168
      445 Hamilton Avenue
      White Plains, NY 10601

      Arlene Investments Inc.                            17-22169
      Brinkley Shipping Inc.                             17-22170
      Cedarino S.A.                                      17-22171
      Compania Paraguaya De Transporte Fluvial S.A.      17-22172
      Dampierre Holdings Spain, S.A.                     17-22173
      Danube Maritime Inc.                               17-22174
      Dingle Barges Inc.                                 17-22175
      Eastham Barges Inc.                                17-22176
      General Ventures Inc.                              17-22177
      Hallandale Commercial Corp.                        17-22178
      Longmoor Holdings Inc.                             17-22179
      Marine Financial Investment Corp.                  17-22180
      Massena Port S.A.                                  17-22181
      Oceanpar S.A.                                      17-22182
      Parabal S.A.                                       17-22183
      Parfina S.A.                                       17-22184
      Princely International Finance Corp.               17-22185
      Regal International Investments S.A.               17-22186
      Riverpar S.A.                                      17-22187
      Riverview Commercial Corp.                         17-22188
      Thurston Shipping Inc.                             17-22189
      UABL Barges (Panama) Inc.                          17-22190
      UABL Limited                                       17-22191
      UABL Paraguay S.A.                                 17-22192
      UABL Towing Services S.A.                          17-22193
      UABL S.A.                                          17-22194
      Ultrapetrol S.A.                                   17-22195
      UPB (Panama) Inc.                                  17-22196
      UP River (Holdings) Ltd. (Bahamas)                 17-22197
      UP River Terminals (Panama) S.A.                   17-22198

Type of Business: Industrial Shipping Company

Chapter 11 Petition Date: February 6, 2017

Court: United States Bankruptcy Court
       Southern District of New York (White Plains)

Judge: Hon. Robert D. Drain

Debtors'      
Lead         
Attorneys:    Gary D. Ticoll, Esq.
              Bruce R. Zirinsky, Esq.
              Sharon J. Richardson, Esq.
              ZIRINSKY LAW PARTNERS PLLC
              375 Park Avenue, Suite 2607
              New York, New York 10152

Debtors'
Co-Counsel    Christopher K. Kiplok, Esq.
              Dustin P. Smith, Esq.
              Erin E. Diers, Esq.
              HUGHES HUBBARD & REED LLP
              One Battery Park Plaza
              New York, New York 10004
              Email: chris.kiplok@hugheshubbard.com
                     dustin.smith@hugheshubbard.com
                     erin.diers@hugheshubbard.com

Debtors'
Special
Corporate
Counsel:      SEWARD & KISSEL LLP
              One Battery Park Plaza
              New York, New York 10004

Debtors'
Financial
Advisor:      MILLER BUCKFIRE & CO. LLC
              787 Seventh Avenue
              5th Floor, New York
              New York 10019

Debtors'
Independent
Auditor:      PISTRELLI, HENRY MARTIN Y ASOCIADOS S.R.L.
              25 de mayo 487
              Buenos Aires, Argentina

Debtors'
Paraguayan
Subsidiaries'
Independent
Auditor:      ERNST & YOUNG PARAGUAY
              - AUDITORES Y ASESORES DE NEGOCIOS
              Mariscal Lopez
              3794, Edificio Citicenter
              6 FL, Asuncion, Paraguay

Debtors'
Financial
Advisor:      ALIXPARTNERS INTERNATIONAL, LLC
              909 3rd Avenue, New York
              New York, 10022

Debtors'
Claims,
Noticing
& Solicitation
Agent:        PRIME CLERK LLC
              830 Third Avenue
              9th Floor, New York
              New York 10022

Total Assets: $776,586,000 as of Dec. 31, 2016

Total Debts: $565,953,000 as of Dec. 31, 2016

The petitions were signed by Maria Cecilia Yad, chief financial
officer.

Debtors' Consolidated List of 40 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
DVB SE                                Unsecured       $84,245,917
609 Fifth Avenue                      Guarantee
5th Floor                               Claims
New York, NY 10017
Tel: +1 212 588 8864

DVB Bank                              Unsecured       $27,509,167
America NV                            Guarantee
Gaitoweg 35                             Claims
Willemstad
Curacao
Netherlands
Antilles
Tel: +599 9 4318 700

NIBC Bank NV                           Unsecured      $27,509,167
Carnegieplein 4,                       Guarantee
2517 KJ                                  Claims
The Hague
Netherlands
Tel: +31 70 342 5425

ABN Amro Capital USA LLC                Unsecured     $14,014,667
100 Park Avenue                         Guarantee
New York, NY 10017                        Claims
Francis Birkeland
Tel: +1 212-649-5100

Brazilian                               Unsecured     $11,397,140
Development Bank                        Guarantee
(BNDES)                                   Claims
Avenida Republica
do Chile 100
Rio de Janeiro
Brazil 20031-91
Tel: +55 21 2172-7447

Touax Hidrovia Corp.                    Litigation     $2,418,398
Via Espana y Calle                        Claim
Panama City, Panama.
Tel: +507-294-4825

Transbarge Navegacion S.A.              Trade Debt       $764,365
Benjamin Constant 520
Asuncion, Central,
1214 Paraguay
Jorge Talavera
Tel: +595 21 416-5000
Email: TBN.Servicios@vale.com

Petroleos                                Trade Debt      $508,633
Paraguayos
Chile 753
Asuncion,
Paraguay
Hipolito Espinola
Tel.: +595 21 448-503
Email: hespinola@petropar.gov.py

Adriasol S.A.                            Trade Debt      $342,443
Ruta Transchaco
Km. 19,5
Asuncion, Paraguay
Fernando Martinez
Tel.: +595 21 756-099
Email: fernando.martinez@adriasolsa.com

Gateley plc                             Professional     $311,237
1 Paternoster                             Services
Square London
EC4M 7DX
United Kingdom
Tel.: +44 (20) 7653 1600

Man Diesel & Turbo                       Trade Debt      $310,697
(Copenhagen)
Teglholmsgade 41
DK-2450 Copenhagen SV
Denmark
Thomas Hojbo Hansen
Tel.: +45 33 851100
Email: PrimeServ-
cph@mandieselturbo.com

Oil Combustibles S.A.                    Trade Debt      $278,337
Av.Cordoba 657,
7° Piso, Provincia
PyT.Fluvial
Santa Fe, 1
Argentina
Mara Masjoan
Tel.: +54 3476 438 200
Email: mmasjoan@oilcombustibles.com

O'Keeffe & Partners                        Agency         $196,000
Email: partners@okeeffe.co.uk             Services

Petrobras Paraguay Operaciones y         Trade Debt       $187,869
Logistica SRL
Email: sac.py@petrobras.com

Siderar S.A.I.C.                         Trade Debt       $172,599
Email: c.gasosa@ternium.com.ar

Natalichio Jose Vicente                  Trade Debt       $170,206
E-mail: natalichiojose@sinectis.com.ar

Man Diesel & Turbo                       Trade Debt       $296,665
Stadtbachstraße 1
86153 Augsburg Germany
Melanie Modes
Tel.: +49 821 322-4751
Email: melanie.modes@man.eu

Dos Orillas SRL                          Trade Debt       $155,438
Email: dosorillassrl@gmail.com

Shipping Services                          Agency         $137,352
Argentina S.A.                            Services
Email: maguiler@ssa-shipping.com.ar

3G Fluvial S.A.                           Trade Debt      $134,340
Email: 3gfluvial@gmail.com

Shipyard S.A.                             Trade Debt      $126,124
Email: shipyard@shipyard.com.py

R.V.S. Servicios                          Trade Debt      $124,258
Industriales y
Navales S.R.L.
Email: Email:r.v.s3@hotmail.com

Segmar Paraguay SA                        Trade Debt      $123,704
Email: zubillaga@argenmar.com

MW Ingenieria SA                          Trade Debt      $114,874
Email: mwingenieria@hotmail.com

Enviro Controlar S.R.L.                   Trade Debt      $112,492
Email: maria.spangenberg@control-ar.com.ar

Enviro Control Ar                         Trade Debt      $103,545
(Paraguay) S.A.
Email: maria.spangenberg@control-ar.com.ar

A&M Montajes Industriales S.R.L.          Trade Debt       $99,463
Email: aym.aguirrefederico@coopvgg.com.ar

VM Servico de                             Trade Debt       $97,205
Pintura S.R.L.
Email: vmsrlservicios@arnetbiz.com.ar

Guillermo Florentin Ortiz Ayala           Trade Debt       $85,598
Email: gfortizguillermo@gmail.com

Powgen Diesel S.A.                        Trade Debt       $81,896
Email: rsilva@powgen.com.ar

Petrobras Argentina S.A.                  Trade Debt       $79,037
Email: maria.fagnola@petrobras.com

Axion Energy Argentina S.A.               Trade Debt       $78,692
Email: Gestiondecobranzas@axxioenergy.com

Reflupar SRL                              Trade Debt       $77,692
Email: reflupar@hotmail.com

Omega Naval S.R.L.                        Trade Debt       $76,714
Email: raul.bou@omeganaval.com.ar

Agencia Maritima                            Agency         $75,279
El Hauar S.R.L.                            Services
Email: ayf@elhauar.com.ar

Group A&T S.A.                             Trade Debt      $72,394
Email: comercial@amarresytrincados.com

Man Diesel & Turbo Argentina SA            Trade Debt      $72,328
Email: vanesa.toimil@ar.man.eu

Palacios, Prono &                         Professional     $70,950
Talavera Abogados                           Services
Email: gladys.sanabria@ppt.com.py

Gomistar S.A.                              Trade Debt      $70,660

Email: administracion@gomistar.com.uy

Vial Alfano S.A.                           Trade Debt      $65,407
Email: info@vialalfano.com.ar


ULTRAPETROL (BAHAMAS): Expects Prepack Case to Conclude in 60 Days
------------------------------------------------------------------
Ultrapetrol (Bahamas) Limited (the "Company"), a Bahamas
corporation, on Feb. 7, 2017, disclosed that it and certain of its
subsidiaries have commenced voluntary cases under chapter 11 of the
U.S. Bankruptcy Code in the United States Bankruptcy Court for the
Southern District of New York on Feb. 6 (In re Ultrapetrol
(Bahamas) Limited, Chapter 11 Case No. 17-22168) in order to
implement the agreement reached with the Company's and
subsidiaries' lenders and bondholders on the terms of a
comprehensive debt restructuring.  To implement the restructuring,
the Company and its subsidiaries negotiated and received
affirmative votes from all voting lenders and from 99.9% of the
Company's bonds voting to accept a prepackaged chapter 11 Plan of
Reorganization ("Plan") that was filed with the United States
Bankruptcy Court for the Southern District of New York.  With the
full support of their lenders and bondholders, the Company has
requested a prompt combined hearing to approve the disclosure
statement for the Plan and to confirm the Plan.  The proposed Plan
will restructure the Company's and subsidiaries' secured debt and
pay in full allowed claims of unsecured creditors, allowing the
Company to improve its balance sheet with the goal of returning to
overall profitability in light of current and expected demand in
the shipping markets in which the Company's subsidiaries operate.


The Company and its subsidiaries are taking actions to ensure that
the chapter 11 filing does not affect their operations, which are
expected to continue on an uninterrupted basis during the cases,
and have sought customary relief with respect to, among other
things, payment of balances owed to non-U.S. vendors and the
continuation of their insurance programs and their wage and benefit
programs for employees.

The Company anticipates business as usual, and that the Company and
its subsidiaries will meet all obligations that arise during the
case as they come due in the ordinary course.  The Company expects
to implement the restructuring and emerge from the court-supervised
process expeditiously, which is expected to be concluded within 60
days.  

Pursuant to the Plan, after an exhaustive and competitive marketing
effort conducted by a special committee of independent directors
and its independent financial and legal advisors, ownership of the
Company's river business subsidiaries and offshore business
subsidiaries will be purchased by a newly-formed entity owned by
affiliates of the Company's largest shareholder which submitted the
highest and best bids for the Company's river business and offshore
business, respectively.  Under the Plan, creditors holding in
excess of $290.1 million principal amount are to receive
approximately $84.0 million in cash in full settlement of their
indebtedness.  None of the Company's equity holders will receive
any distributions, and the Company expects that shortly after
emergence from Chapter 11 it will dissolve and cease to be a
reporting public company.

The Company expects that cash on hand, cash from operating
activities, and cash expected to be made available under a cash
collateral order will be sufficient to fund its projected cash
needs during its financial restructuring, and therefore does not
intend to seek debtor-in-possession (DIP) financing.

"We are very pleased to have received consent from all of our
lenders and most of our bondholders to go forward with the
prepackaged Chapter 11 plan, which we expect will improve the
long-term health and vitality of our river business and our
offshore business going forward," said Eduardo Ojea Quintana,
Chairman and Chief Executive Officer of the Company.  "The
prepackaged Chapter 11 plan is the result of more than 18 months of
negotiations with lenders and bondholders, and we believe it will
leave our river business and offshore business able to strongly
compete in our markets.  We have taken steps to diminish the impact
of this process on our vendors, customers and employees, and we
intend to move forward as expeditiously as possible to complete the
restructuring.  Our vessels will continue to operate as
scheduled."

Information about the restructuring will be available at
http://cases.primeclerk.com/ultrapetrol,or via the Company's
restructuring information line at (844) 205-4334 (U.S. and Canada)
or (917) 606-6438 (International).

Nothing in this press release shall constitute a solicitation of
any holders of any of our indebtedness or our securities with
respect to the matters contemplated in the Plan or an offer to buy
or sell, or a solicitation of an offer to buy or sell, any
securities of the Company.

The Company is being advised by the investment banking firm of
Miller Buckfire & Co. and is receiving financial advice from
AlixPartners, LLP.  Zirinsky Law Partners PLLC and Seward & Kissel
LLP act as legal counsel to the Company in this process.  

Ultrapetrol (Bahamas) Limited is an industrial shipping company
serving the marine transportation markets.  The Company serves the
shipping markets for grain, forest products, minerals, crude oil,
petroleum and refined petroleum products, as well as technological
products through its container feeder vessels, and the offshore oil
platform supply market through its operations in the three
segments of the marine transportation industry.

As reported in the Troubled Company Reporter - Latin America on
Aug. 9, 2016, S&P Global Ratings affirmed its 'D' corporate credit
and issue-level ratings on South American shipping company
Ultrapetrol (Bahamas) Ltd.


ULTRAPETROL (BAHAMAS): Files Bankruptcy With Prepackaged Plan
-------------------------------------------------------------
Ultrapetrol (Bahamas) Limited and 30 affiliated subsidiaries each
filed a voluntary petition under Chapter 11 of the Bankruptcy Code
in the U.S. Bankruptcy Court for the Southern District of New York,
in order to implement an agreement reached with their lenders and
bondholders on the terms of a comprehensive debt restructuring.

Contemporaneously with the petitions, the Debtors filed with the
court their Second Amended Joint Prepackaged Plan of Reorganization
dated Feb. 6, 2017.  The Company and its subsidiaries negotiated
and received affirmative votes from all voting lenders and from
99.9% of the Company's note claims voting to accept the Prepackaged
Plan.

"We are very pleased to have received consent from all of our
lenders and most of our bondholders to go forward with the
prepackaged Chapter 11 plan, which we expect will improve the
long-term health and vitality of our river business and our
offshore business going forward," said Eduardo Ojea Quintana,
Chairman and chief executive officer of the Company, in a press
statement.  "The prepackaged Chapter 11 plan is the result of more
than 18 months of negotiations with lenders and bondholders, and we
believe it will leave our river business and offshore business able
to strongly compete in our markets.  We have taken steps to
diminish the impact of this process on our vendors, customers and
employees, and we intend to move forward as expeditiously as
possible to complete the restructuring.  Our vessels will continue
to operate as scheduled."

The Company and its subsidiaries are taking actions to ensure that
the Chapter 11 filing does not affect their operations, which are
expected to continue on an uninterrupted basis during the cases,
and have sought customary relief with respect to, among other
things, payment of balances owed to non-U.S. vendors and the
continuation of their insurance programs and their wage and benefit
programs for employees.

The Company, which operates in three business segments: River,
Offshore Supply, and Ocean, anticipates business as usual, and that
the Company and its subsidiaries will meet all obligations that
arise during the case as they come due in the ordinary course.  The
Company expects to implement the restructuring and emerge from the
court-supervised process expeditiously, which is expected to be
concluded within 60 days.

As disclosed documents filed with the court, the purpose of the
financial restructuring is to reduce Ultrapetrol's overall debt and
leverage and to enhance its long-term potential.   Specifically,
the financial restructuring is designed to eliminate Ultrapetrol's
debt obligations under the 2021 Notes and loans with the
International Finance Corporation - OPEC Fund for International
Development (IFC-OFID Loans).

"Ultrapetrol believes that the proposed restructuring will achieve
a substantial deleveraging of Ultrapetrol's balance sheet and
eliminate potential deterioration of value and disruptions to
worldwide operations that could otherwise result from a protracted
and contentious chapter 11 case," said Damian Scokin, a member of
the Board of Directors of Ultrapetrol.

The industrial shipping company blamed the deteriorating market
conditions affecting the energy and natural resource industries for
its liquidity crisis.  

"The international shipping industry has historically been highly
cyclical and volatile in terms of charter rates and profitability
due to changes in the supply and demand for cargo capacity and for
the cargo transported by vessels," Mr. Scokin related.  "The
factors affecting the supply and demand for vessels are outside of
Ultrapetrol's control, and the nature, timing, and degree of
changes in industry conditions are unpredictable," he added.

For the period ending Dec. 31, 2016, Ultrapetrol's unaudited
financial statements show consolidated assets (including non-Debtor
affiliates) totaling approximately $777.6 million and consolidated
liabilities totaling approximately $565.9 million.  Consolidated
revenues for the 12 months period ending Dec. 31, 2016, were
approximately $275.4 million.  

As of Jan. 31, 2017, Ultrapetrol has secured obligations
aggregating approximately $454 million in outstanding debt that it
incurred for the most part for the acquisition of vessels, the
repayment of prior debt, and general corporate purposes.  In
addition, as of Jan. 31, 2017, the Debtors have trade debt of
approximately $10.6 million, according to court papers.

Mr. Scokin said that as a result of negative market conditions and
the resulting impact on the value of its fleet and on Ultrapetrol's
revenue, Ultrapetrol breached certain covenants of its debt
agreements and, for liquidity reasons, ultimately decided not to
make payments on some of its debt.  Ultrapetrol entered into
forbearance agreements with it secured lenders in which the secured
lenders party to these agreements agreed, for the duration of the
forbearance agreement, not to accelerate their loans, take any
enforcement actions, or exercise any remedies with respect to
defaults resulting from the non-payment by the Parent of its
payment under the 2021 Notes and to work with Ultrapetrol in
negotiating a sustainable financial structure.  The forbearance
agreements were extended multiple times but ultimately expired on
May 31, 2016.

"Due to the challenging conditions ... the market value of the
Company's assets, including the collateral it has provided to its
secured lenders, has substantially declined, as has Ultrapetrol's
enterprise value.  Based on Ultrapetrol's cash flow projections,
the Company's current capital structure is not sustainable without
addressing significant over-leverage at the Parent and the River
Business and near-term maturities in the Offshore Business," Mr.
Scokin maintained.

Given that the Debtors' operations generate positive cash flow on
an operating basis, they expect to be able to fund their initial
postpetition operations by the use of (i) existing unencumbered
cash and cash flow and (ii) cash collateral, and do not require
debtor-in-possession financing at this time.

                      Plan of Reorganization

Pursuant to the Plan, after an exhaustive and competitive marketing
effort conducted by a special committee of independent directors
and its independent financial and legal advisors, ownership of the
Company's river business subsidiaries and offshore business
subsidiaries will be purchased by a newly-formed entity owned by
affiliates of the Company's largest shareholder which submitted the
highest and best bids for the Company's river business and offshore
business, respectively.  

As disclosed in the company press release, creditors holding in
excess of $290.1 million principal amount are to receive
approximately $84.0 million in cash in full settlement of their
indebtedness.  None of the Company's equity holders will receive
any distributions, and the Company expects that shortly after
emergence from Chapter 11 it will dissolve and cease to be a
reporting public company.

Under the Plan, the Company's River Business will be purchased by
Sparrow Capital Investments Ltd. And Sparrow C1 Sub Ltd. (or a
designated affiliate) for $73 million in cash, which cash would be
used pursuant to a Chapter 11 plan of reorganization on a pari
passu basis to retire the 2021 Notes and the outstanding credit
facilities with IFC and OFID.  In addition, if the Ocean Business
were to be sold before confirmation of the plan, then the 2021
Noteholders would receive 100% of net sale proceeds (subject to a
true-up payment to IFC and OFID); otherwise, the Ocean Business
would be transferred to the 2021 Noteholders under the plan of
reorganization.

The assets and liabilities of the Plan Debtors will be
substantively consolidated solely for plan purposes, including
voting and distributions.  Each 2021 Noteholder will receive (a)
its Pro Rata share of the portion of the $73.0 million contribution
allocated to the 2021 Noteholders plus (b) its Pro Rata share of
the Ocean Business Consideration, which will mean the net proceeds
from the sale of the Ocean Business (subject to adjustment).  Each
holder of an IFC-OFID Loan Claim will receive (a) its Pro Rata
share of the portion of the $73.0 million contribution allocated to
the IFC-OFID Loan Claims, (b) its Pro Rata share of the cash
maintained in the Debt Service Reserve Accounts (including any
interest accrued as a result of cash held in deposit-bearing
accounts through the Effective Date), and (c) its Pro Rata share of
cash representing the True-Up Amount.

Under the Plan, administrative claims, priority tax claims, and
other priority claims will be paid in full.  All Other secured
claims and general unsecured claims will be unimpaired.  

                            About Ultrapetrol

Ultrapetrol is an industrial transportation company serving the
marine transportation needs of its clients in the markets on which
it focuses.  It serves the shipping markets for containers, grain
and soy bean products, forest products, minerals, crude oil,
petroleum, and refined petroleum products, as well as the offshore
oil platform supply market with its extensive and diverse fleet of
vessels.  These include river barges and pushboats, platform supply
vessels, tankers and two container feeder vessels.  More
information on Ultrapetrol can be found at
http://www.ultrapetrol.net/

The Debtors employ approximately 813 personnel located principally
in Argentina (462) and Paraguay (351).

The Chapter 11 cases are pending before the Hon. Robert D. Drain,
and the Debtors have requested joint administration of the cases
under Case No. 17-22168.

The Debtors have hired Zirinsky Law Partners PLLC as lead
attorneys, Hughes Hubbard & Reed LLP as legal counsel, Seward &
Kissel LLP as special corporate counsel, Miller Buckfire & Co. LLC
as financial advisor, Pistrelli, Henry Martin Y Asociados S.R.L. as
independent auditor, Ernst & Young Paraguay as the Debtors'
Paraguayan subsidiaries' independent auditor, AlixPartners
International, LLC as financial advisor and Prime Clerk LLC as
claims, noticing and solicitation agent.


UNITED GAS: Amidi Buying Sacramento Assets for $2.9 Million
-----------------------------------------------------------
United Gas and Food, Inc., asks the U.S. Bankruptcy Court for the
Eastern District of California to authorize the private sale of
assets to Mike Amidi and/or Assignee for $2,900,000.

A hearing on the Motion is set for March 7, 2017 at 10:30 a.m.

The Debtor is the owner of the real property located at 1481
Meadowview Rd., Sacramento, California, consisting of the land,
together with all buildings, improvements, easements and
appurtenances thereon and thereto ("Property"), and presently
operates the convenience store and Valero-branded retail motor fuel
station located at the Property ("Business").  The Debtor desires
to sell the Property, the Business, the related personal property
used to operate the Business ("Assets") owned by Debtor and
exclusively used in the operation of the Business, and the fuel and
merchandise inventory, which is owned by Debtor and located at the
Property.

Pursuant to the terms of the confirmed Chapter 11 Plan of
Reorganization, all claims will be paid in full, in cash, from sale
of the Debtor's Assets.  The deadline for close of escrow on the
Assets is Dec. 31, 2016.  If escrow does not close by Dec. 31,
2016, the case will convert to Chapter 7.  Although Debtor obtained
court approval of sale of the Assets, the prospective buyers
withdrew their offers to purchase the Assets, and escrow did not
close as required on Dec. 31, 2016.  At the Status Conference on
Jan. 24, 2017, the Court continued the status conference to Feb. 7,
2017 requiring the Debtor to file all delinquent operating reports
otherwise the case will be converted to a case under Chapter 7.  If
the monthly operating reports are up-to-date by the Feb. 7
continued hearing date, the status conference to be further
continued to April 4, 2017 at 10:30 a.m.  On Feb. 1, 2017, Debtor
filed its operating reports.

After substantial negotiations with the Buyer, the Debtor accepted
an offer and entered into a Standard Offer, Agreement and Escrow
Instructions for Purchase of Real Estate, and Addendum(s) for the
sale of the Assets free and clear of any interest therein to the
Buyer for a total purchase price of $2,900,000, to be paid by the
Buyer in cash upon closing.

The Agreement has no contingencies, has a close of escrow date on
March 16, 2017 and simply needs the Court's approval.  The Broker
has had extensive communication with the Buyer and is confident
that the transaction will close.  The Buyer has provided proof of
funds necessary to comply with the terms of the Agreement.  The
Buyer has deposited the sum of $40,000 into escrow with Old
Republic Title Co.  The Property will be sold, transferred and
conveyed by the Debtor to the Buyer at the Closing free and clear
of all Encumbrances.

The secured debt on the Debtor's Assets is as follows: (i) Secured
claim of Merchants Bank of California, N.A. in the amount of
$1,535,856, as of Dec. 1, 2016; (ii) Secured claim of the Internal
Revenue Service in the amount of $2,591; (iii) Secured claim of
Insight Environmental, Inc. in the amount of $361,661; and, (iv)
Secured claim of State Board of Equalization in the amount of
$25,321.

The Debtor believes that the sale of the Assets of the Debtor is in
the best interest of all creditors and will be sufficient to pay
all creditor claims pursuant to the terms of the Confirmed Plan.
The Debtor has conducted an investigation of the Assets and has
evaluated its options regarding the sale.  As a result thereof, the
Debtor believes that the respective offer for the Assets set forth
represents the best offer for the Assets.  Accordingly, the Debtor
respectfully asks the entry of an Order granting the Sale Motion,
including approving the Agreement, approving the sale of the Assets
free and clear of all liens, claims, encumbrances, and interests,
and grant such other and further relief as is just and proper.

The Debtor asks that the Court enter an Order waiving the 14-day
stay set forth in Rules 6004(g) of the Federal Rules of Bankruptcy
Procedure and providing that the Order granting the Motion be
immediately enforceable and that the closing under the Agreement
may occur immediately.

                  About United Gas and Food

United Gas and Food, Inc., sought Chapter 11 protection (Bankr.
E.D.
Cal. Case No. 10-21453) on Jan. 22, 2010.  The case is assigned to
Judge Christopher M. Klein.

The Debtor estimated liabilities in the range of $1,000,001 to
$10,000,000.

The Debtor tapped John D. Maxey, Esq., at Dudugjian & Maxey as
counsel.

The petition was signed by Muhammad Latif, operator/manager of the
company.


UNITED ROAD: Case Summary & 30 Largest Unsecured Creditors
----------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

      Debtor                                       Case No.
      ------                                       --------
      United Road Towing, Inc.                     17-10249
         dba Good Buy Auto Auction
         dba UR Vehicle Management Solutions
         dba Quality Towing
         dba United Road Vehicle Management Solutions
         dba United Road Towing-San Antonio
      9550 Bormet Drive, Suite 301
      Mokena, IL 60448

      URT Holdings, Inc.                           17-10250
      City Towing, Inc.                            17-10251
      URS West, Inc.                               17-10252
      Bill & Wag's, Inc.                           17-10253
      Export Enterprises of Massachusetts, Inc.    17-10254
      Pat's Towing, Inc.                           17-10255
      Keystone Towing, Inc.                        17-10256
      Ross Baker Towing, Inc.                      17-10257
      URT Texas, Inc.                              17-10258
      Mart Caudle Corporation                      17-10259
      Signature Towing, Inc.                       17-10260
      WHW Transport, Inc.                          17-10261
      URS Southeast, Inc.                          17-10262
      URS Northeast, Inc.                          17-10263
      URS Southwest, Inc.                          17-10264
      Fast Towing, Inc.                            17-10265
      E&R Towing and Garage, Inc.                  17-10266
      Sunrise Towing, Inc.                         17-10267
      Ken Lehman Enterprises, Inc.                 17-10268
      United Road Towing of South Florida, Inc.    17-10269
      Rapid Recovery Incorporated                  17-10270
      United Road Towing Services, Inc.            17-10271
      Arri Brothers, Inc.                          17-10272
      Rancho Del Oro Companies, Inc.               17-10273
      CSCBD, Inc.                                  17-10274
      UR VMS, LLC                                  17-10275
      URS Leasing, Inc.                            17-10276
      UR Vehicle Management Solutions, Inc.        17-10277

Type of Business: Towing

Chapter 11 Petition Date: February 6, 2017

Court: United States Bankruptcy Court
       District of Delaware (Delaware)

Judge: Hon. Laurie Selber Silverstein

Debtors'
General
Counsel:         Daniel J. McGuire, Esq.
                 Grace D. D'Arcy, Esq.
                 Carrie V. Hardman, Esq.
                 WINSTON & STRAWN LLP
                 35 West Wacker Drive
                 Chicago, Illinois 60601
                 Tel: (312) 558-5600
                 Fax: (312) 558-5700
                 200 Park Avenue
                 New York, NY 10166
                 Tel: (212) 294-6700
                 Fax: (212) 294-4700
                 E-mail: dmcguire@winston.com
                         gdarcy@winston.com
                         chardman@winston.com

Debtors'
Delaware
Counsel:         M. Blake Cleary, Esq.
                 Ryan M. Bartley, Esq.
                 Andrew Magaziner, Esq.
                 YOUNG CONAWAY STARGATT
                 & TAYLOR, LLP
                 Rodney Square
                 1000 North King Street
                 Wilmington, Delaware 19801
                 Tel: (302) 571-6600
                 Fax: (302) 571-1253
                 E-mail: mbcleary@ycst.com
                         rbartley@ycst.com
                         amagaziner@ycst.com

Debtors'
Financial
Advisors:        GETZLER HENRICH & ASSOCIATES LLC

Debtors'
Investment
Banker:          SSG ADVISORS LLC

Debtors'
Noticing,
Claims &
Balloting
Agent:           RUST CONSULTING/OMNI BANKRUPTCY

Estimated Assets: $10 million to $50 million

Estimated Debts: $50 million to $100 million

The petitions were signed by Michael Mahar, chief financial
officer.

Debtors' Consolidated List of 30 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
Class Action Plaintiffs                                 $5,000,000
c/o Brooks Hubley LLP
1645 Village Center Circle,
Suite 200
Las Vegas, NV 89134

Milestone Partners II, L.P.         Management Fees             -
Attn: John Shoemaker
555 East Lancaster Avenue, Suite 500
Radnor, PA 19087
Tel: 610-526-2700
Fax: 610-526-2700
Email: jshoemaker@milestone.com

Medley Capital Corporation          Management Fees             -
280 Park Avenue, 6th Floor East
New York, NY 10017
Tel: 212-759-0777

Mission Wrecker Service Sa, Inc.    Tow Brokers and      $379,607
4535 Fm 1516 N                       Subcontractors
Converse, TX 78109                    SA-Dispatch
Tel: 210-341-0333
Fax: 210-651-5114
Email: receivables@missionwrecker.com

TX Tow Corp dba Texas Towing        Tow Brokers and       $348,092
P.O. Box 830388                      Subcontractors       
San Antonio, TX 78283-0388            SA-Dispatch
Tel: 210-220-1000
Fax: 210-220-1837

AmeriQuest Trassportation Service       Parts             $175,703

M2 Development, LLC                     Rent              $114,026

Texas Roadside Service(s)            Tow Brokers and       $95,688
                                     Subcontractors
                                      SA-Dispatch

Secure-24                             Outsourced It        $88,418
                                        Services

Tow Exchange                         Software Supplier     $72,982
Email: info@towxchange.net             SA-Dispatch

IMOTOWED Ent, d/b/a Richard's Towing  Tow Brokers and      $66,748
Email: ramtowing@yahoo.com            Subcontractors
                                        SA-Dispatch

Fleet Technology & Maintenance            Parts            $55,383

Michelin (AmeriQuest)                     Parts            $54,425

Kenworth/Peterbilt                        Parts            $49,628
/PACCAR(AmeriQuest)

Concorde. Inc.                        Pre-Employment       $46,873
                                         Screening
                                        Background
                                         Checks

CAARS                                   Contractor         $46,000
Email: arahs@caarsinc.com              Providing All
                                         Dispatch
                                         Services

Romco Equipment Co., LLC               Lease-Volvo         $42,698
                                         Loader

Southern Tire Mart, LLC                  Tires             $38,965

Jody Wade Enterprises, Llc            Tow Brokers          $33,000
Dba Big Daddys                      & Subcontractors
Email: accounting@wftowing.com;           drt
       jody@wftowing.com                                          


Alamo1                                   Parts             $31,862

UniFirst Corporation                    Uniforms           $29,996

Cannon Cochran Management              3rd party           $25,500
                                    Insurance Claims
                                     Administrator

Madison Square Properties                 Rent             $24,500

T&T Business Systems                    Rental on          $24,284
Email: contact@tandtbusiness.com         Copiers

Reynlands Properties, Inc.                 Rent            $23,068

Perm A Seal, Inc.                        Asphalt           $20,877
Email: kara@permaseal.com                Company

Purchase Power                           Postage           $19,514

RJ Young Company                         Rental on         $19,453
                                          Copiers

Mortons Flying J Travel Plaza              Fuel            $19,031
Email: mortons@mortonslv.com

Compulink Management Center, Inc.       Laser Fiche        $18,995
Laser Fiche


UNITED ROAD: Files for Bankruptcy; Towing Business up for Sale
--------------------------------------------------------------
United Road Towing, Inc., together with 28 of its subsidiaries,
sought bankruptcy protection with the goal of pursuing a sale of
their business.  An auction of the Debtors' assets is planned
before April 2017.

Among the factors cited by the Debtors which contributed to their
decision to commence the Chapter 11 cases are: (a) the lack of
capital for marketing and equipment purchases, (b) the decrease in
the price of scrap metal, (c) legal costs incurred in connection
with a non-compete lawsuit commenced against certain former
executives of the company, and (d) a class-action case filed by
owners of motor vehicles who had their vehicle towed in Nevada
without their prior consent.

For the past two years, United Road enjoyed a generally positive
financial status, with $88.1 million in gross revenue and a $2.8
million EBITDA for 2015 and an estimated $87.6 million in gross
revenue and $5.6 million EBITDA in 2016, as disclosed in court
papers.  According to the Debtors, although they generate positive
EBITDA, they do not have sufficient free cash flow or access to
capital to satisfy a $5 million judgment in the Class Action Suit
should judgment ultimately be entered.

"If the class action plaintiffs obtain a judgment and begin
enforcing remedies against the Debtors' assets, that would cause a
severe deterioration in the value of the Debtors' assets," said  
Michael J. Mahar, chief financial officer of United Road.

In May 2010, certain of the Debtors were named as defendants in a
class action lawsuit in the Nevada District Court in Clark County.
Following trial, in July 2015, the District Court found United Road
liable to the plaintiffs in the amount of $5 million.  Based on the
outcome of the hearing held on Feb. 2, 2017, a judgment likely
would have been entered within this week.

According to the Debtors, they spent many months following the
trial attempting to negotiate a resolution with counsel for the
plaintiffs.  However, the parties were unable to come to agreement
on the settlement of the Class Action Suit.

Unable to resolve the Class Action Suit, the Debtors began
exploring strategic alternatives to restructuring, including the
potential sale of their business as a going-concern.  The Debtors
intend to seek the Court's approval of a sale and auction process
shortly after the Petition Date.

Wells Fargo, National Association, has agreed to provide a $35.25
million senior secured debtor-in-possession financing, subject to
the court's approval.  Proceeds of the DIP Facility will be used to
pay employees and vendors.

The Chapter 11 cases (Bankr. D. Del. Lead Case No. 17-10249) are
assigned to Judge Laurie Selber Silverstein.

The Debtors estimated assets in the range of $10 million to $50
million and liabilities of up to $100 million.  As of the Petition
Date, the Debtors owe approximately $13.8 million to their
first-lien lenders and $19.36 million to their second-lien lenders,
Court documents show.

Winston & Strawn LLP serves as the Debtors' general counsel.  Young
Conaway Stargatt & Taylor, LLP serves as the Debtors' Delaware
counsel.  Getzler Henrich & Associates LLC acts as the Debtors'
financial advisor.  SSG Advisors LLC acts as investment banker to
the Debtors.  Rust Consulting/Omni Bankruptcy serves as the
Debtors' noticing, claims & balloting agent.

Headquartered in Mokena, Illinois, the Debtors provide towing,
recovery, impound, and vehicle management solutions services to
both the private and public sector.  Through a portfolio of local
and regional brands operating across 10 different regions in eight
different states, the Debtors dispatch approximately 500,000 tows,
manage over 200,000 impounds and sell over 38,000 vehicles annually
across the United States, according to court papers.


UP FIELDGATE: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of UP Fieldgate US Investments -
Fashion Square, LLC as of Feb. 6, according to a court docket.

UP Fieldgate US Investments - Fashion Square, LLC owns and operates
the Orlando Fashion Square Mall, an 80-acre mixed-use development
located near downtown Orlando, which includes a two-story indoor
shopping mall consisting of over 1,000,000 leasable square feet.
The Debtor currently leases a number of rental units within the
Mall and collects monthly rents from each tenant.

UP Fieldgate and its affiliate UP Development Key West Holdings,
LLC filed separate Chapter 11 petitions (Bankr. M.D. Fla. Case Nos.
17-00088 and 17-00090) on January 6, 2017.  The Petitions were
signed by Scott D. Fish, manager/member.  The cases are assigned to
Judge Cynthia C. Jackson.  

The Debtors are represented by R. Scott Shuker, Esq. and Daniel A.
Velasquez, Esq., at Latham, Shuker, Eden & Beaudine, LLP.  

At the time of filing, the UP Fieldgate estimated assets and
liabilities at $10 million to $50 million, while UP Development
estimated assets at $1 million to $10 million and liabilities at
$10 million to $50 million.


UP FIELDGATE: UST Unable to Appoint Committee in UP Devp't. Case
----------------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of UP Development Key West
Holdings LLC, an affiliate of UP Fieldgate US Investments - Fashion
Square LLC, as of Feb. 6, according to a court docket.

UP Fieldgate US Investments - Fashion Square, LLC, owns and
operates the Orlando Fashion Square Mall, an 80-acre mixed-use
development located near downtown Orlando, which includes a
two-story indoor shopping mall consisting of over 1,000,000
leasable square feet.  The Debtor currently leases a number of
rental units within the Mall and collects monthly rents from each
tenant.

UP Fieldgate and its affiliate UP Development Key West Holdings,
LLC filed separate Chapter 11 petitions (Bankr. M.D. Fla. Case Nos.
17-00088 and 17-00090) on January 6, 2017.  The Petitions were
signed by Scott D. Fish, manager/member.  The cases are assigned to
Judge Cynthia C. Jackson.  

The Debtors are represented by R. Scott Shuker, Esq. and Daniel A.
Velasquez, Esq., at Latham, Shuker, Eden & Beaudine, LLP.  

At the time of filing, the UP Fieldgate estimated assets and
liabilities at $10 million to $50 million, while UP Development
estimated assets at $1 million to $10 million and liabilities at
$10 million to $50 million.


VANGUARD NATURAL: S&P Lowers CCR to 'D' on Ch. 11 Restructuring
---------------------------------------------------------------
S&P Global Ratings lowered its corporate credit and senior
unsecured debt ratings on Houston-based exploration and production
company Vanguard Natural Resources LLC to 'D' from 'CCC-'.

The recovery rating on the company's 8.375% unsecured notes due
2019 and 7.875% unsecured notes due 2020 remains '4', indication
S&P's expectation of an average recovery (30% to 50%, lower half of
the range) in the event of default.

The 'D' ratings reflect Vanguard's announcement that it has filed
for protection under Chapter 11 under the U.S. Bankruptcy Code,
where it will implement a negotiated settlement with bondholders
and lenders.



WEATHERFORD INTERNATIONAL: BlackRock Has 5.5% Stake as of Dec. 31
-----------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, BlackRock, Inc. disclosed that as of Dec. 31, 2016, it
beneficially owns 53,944,018 shares of common stock of Weatherford
International PLC representing 5.5 percent of the shares
outstanding.  A full-text copy of the regulatory filing is
available for free at https://is.gd/dbTng8

                       About Weatherford

Ireland-based Weatherford International plc (NYSE: WFT) --
http://www.weatherford.com/-- is one of the largest multinational
oilfield service companies providing innovative solutions,
technology and services to the oil and gas industry.  The Company
operates in over 100 countries and has a network of approximately
1,000 locations, including manufacturing, service, research and
development, and training facilities and employs approximately
31,000 people.

As of Sept. 30, 2016, Weatherford had $12.63 billion in total
assets, $10.25 billion in total liabilities and $2.38 billion in
total shareholders' equity.

Weatherford reported a net loss attributable to the Company of
$1.98 billion for the year ended Dec. 31, 2015, following a net
loss of attributable to the Company of $584 million for the year
ended Dec. 31, 2014.

                         *     *     *

In November 2016, Fitch Ratings has downgraded the ratings for
Weatherford and its subsidiaries, including the companies' Long-
Term Issuer Default Ratings (IDRs) to 'CCC' from 'B+'.

In November 2016, S&P Global Ratings lowered its corporate credit
rating on Weatherford International to 'B+' from 'BB-'.  "The
downgrade reflects our revised free operating cash flow estimates
for Weatherford following weaker-than-anticipated cash inflows in
the third quarter," said S&P Global Ratings credit analyst Carin
Dehne-Kiley.


WEST CORP: Reports $193M Net Income in 2016
-------------------------------------------
West Corporation announced its fourth quarter and full year
2016 results.

The Company reported net income of $68.32 million on $567.4
million of revenue for the three months ended Dec. 31, 2016,
compared to net income of $62.27 million on $568.4 million
of revenue for the three months ended Dec. 31, 2015.

For the year ended Dec. 31, 2016, the Company reported net
income of $193.4 million on $2.29 billion of revenue
compared to net income of $241.8 million on $2.28 billion
of revenue during the prior year.

As of Dec. 31, 2016, West Corporation had $3.44 billion in
total assets, $3.88 billion in total liabilities and a
total stockholders' deficit of $441.8 million.

The Company also announced a $0.225 per common share dividend.
The dividend is payable on March 2, 2017, to shareholders
of record as of the close of business on Feb. 21, 2017.

"West Corporation finished the year with a fourth quarter
that was stronger than we expected," said Tom Barker,
chairman and chief executive officer.  "Our consolidated
revenue was down slightly primarily due to a decline in
conferencing revenue.  However, our four growth businesses
(UCaaS, Safety Services, Interactive Services and
Specialized Agent Services) grew 5.5 percent on an organic
basis in the fourth quarter.  Additionally, we had
double-digit growth in free cash flow in the fourth quarter
and full year.  During the fourth quarter we also made
changes to our cost structure that we expect to positively
impact our results in 2017 and further strengthen West for
the future."

"In 2016, West generated record operating cash flow.  We
deployed this cash toward repaying $191 million of our
long-term debt, making two acquisitions for approximately
$20 million and returning nearly $100 million to our
shareholders in the form of dividends and stock repurchases,"
said Jan Madsen, chief financial officer.  "We also took
steps to refinance our debt, ending the year with a more
attractive maturity profile and decreased leverage ratio.
We believe each of these steps is consistent with our focus
on driving shareholder value and enhancing West's financial
flexibility."

"In 2016, West generated record operating cash flow.  We
deployed this cash toward repaying $191 million of our
long-term debt, making two acquisitions for approximately
$20 million and returning nearly $100 million to our
shareholders in the form of dividends and stock repurchases,"
said Jan Madsen, chief financial officer.  "We also took steps
to refinance our debt, ending the year with a more attractive
maturity profile and decreased leverage ratio.  We believe
each of these steps is consistent with our focus on driving
shareholder value and enhancing West's financial flexibility."

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

                      https://is.gd/VeZZec

                     About West Corporation

Omaha, Neb.-based West Corporation is a global provider of
communication and network infrastructure solutions.  West helps
manage or support essential enterprise communications with
services
that include conferencing and collaboration, public safety
services, IP communications, interactive services such as
automated
notifications, large-scale agent services and telecom services.

As reported by the TCR on June 21, 2013, Standard & Poor's Ratings
Services raised its corporate credit rating on West Corp. to 'BB-'
from 'B+'.  The upgrade reflects Standard & Poor's view that lower
debt leverage and a less aggressive financial policy will
strengthen the company's financial profile.

In the April 4, 2013, edition of the TCR, Moody's Investor Service
upgraded West Corporation's Corporate Family Rating to 'B1' from
'B2'.  "The CFR upgrade to B1 reflects West's shift to a more
conservative capital structure and financial policies as a
publicly
owned company," stated Moody's analyst Suzanne Wingo.

                          *    *    *

This concludes the Troubled Company Reporter's coverage of West
Corporation until facts and circumstances, if any, emerge that
demonstrate financial or operational strain or difficulty at
a level sufficient to warrant renewed coverage.


WESTERN STATES: Hires Hunter as Bankruptcy Counsel
--------------------------------------------------
Western States, Inc., seeks authority from the U.S. Bankruptcy
Court for the District of Wyoming to employ Paul Hunter, Esq., as
attorney to the Debtor.

Western States requires Hunter to assist in filing the case and
obtain confirmation of a Chapter 11 plan.

Hunter will be paid at the hourly rate of $200.  Hunter will be
paid a retainer in the amount of $20,000.  Hunter will also be
reimbursed for reasonable out-of-pocket expenses incurred.

Paul Hunter, Esq., assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtor and its estates.

Hunter can be reached at:

     Paul Hunter, Esq.
     2616 Central Avenue
     Cheyenne, WY 82001
     Tel: (307) 637-0212
     Fax: (307) 637-0262

                About Western States, Inc.

Western States, Inc., based in Casper, WY, filed a Chapter 11
petition (Bankr. D. Wyo. Case No. 17-20041) on January 25, 2017.
The Hon. Cathleen D. Parker presides over the case.  Paul Hunter,
Esq., serves as bankruptcy counsel.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities. The petition was signed by Daljeet S
Mann, general manager/shareholder.


WET SEAL: Feb. 16 Meeting Set to Form Creditors' Panel
------------------------------------------------------
William T. Neary, United States Trustee for Region 6, will hold an
organizational meeting on Feb. 16, 2017, at 10:00 a.m. in the
bankruptcy case of The Wet Seal, LLC.

The meeting will be held at:

               United States Trustee Meeting Room
               Earl Cabell Federal Building
               1100 Commerce Street, Room 976
               Dallas, Texas 75242

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.

Mador Holdings, LLC owns 100% of the equity interest in Debtor
Mador Financing, LLC and indirectly owns 100% of the equity
interests in the remaining Debtors.  Debtor Mador Financing, LLC
owns 100% of the equity interests in Debtors The Wet Seal, LLC and
The Wet Seal Gift Card, LLC.

The Chapter 11 cases are pending in the U.S. Bankruptcy Court for
the District of Delaware and assigned to the Hon. Judge
Christopher
S. Sontchi.  Contemporaneously with the filing of their voluntary
petitions, the Debtors are filing a motion requesting that the
Court consolidate their Chapter 11 cases under the Lead Case No.
17-10229.

As of the Petition Date, the Debtors owe: (a) Crystal Financial,
LLC $9.7 million on account of a credit agreement dated April 15,
2015, (b) Mador Funding, LLC approximately $15.6 million and (c)
unsecured creditors $8 million.

The Debtors have hired Young Conaway Stargatt & Taylor, LLP as
counsel and Donlin, Recano & Company, Inc. as claims & noticing
agent.



WET SEAL: Seeks to Hire Donlin Recano as Claims Agent
-----------------------------------------------------
The Wet Seal, LLC seeks approval from the U.S. Bankruptcy Court for
the District of Delaware to hire Donlin, Recano & Company, Inc. as
its claims and noticing agent.

The services to be provided by the firm include overseeing the
distribution of notices, and the processing of proofs of claim
filed in the Chapter 11 cases of the company and its affiliates.

The hourly rates charged by the firm are:

     Senior Bankruptcy Consultant          $149
     Case Manager                          $119
     Technology/Programming Consultant      $94
     Consultant/Analyst                     $77
     Clerical                               $45

Roland Tomforde, chief operating officer of Donlin, disclosed in a
court filing that the firm is a "disinterested person" as defined
in section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Roland Tomforde
     Donlin, Recano & Company, Inc.
     P.O. Box 199043
     Blythebourne Station
     Brooklyn, NY 11219
     Tel: (212) 481-1411

The Debtors are represented by:

     Robert S. Brady, Esq.
     Michael R. Nestor, Esq.
     Jaime Luton Chapman, Esq.  
     Andrew L. Magaziner, Esq.
     Young Conaway Stargatt & Taylor, LLP
     Rodney Square
     1000 North King Street
     Wilmington, DE 19801
     Tel: (302) 571-6600
     Fax: (302) 571-1253
     Email: rbrady@ycst.com
     Email: jchapman@ycst.com
     Email: mnestor@ycst.com
     Email: amagaziner@ycst.com

                       About The Wet Seal

The Wet Seal LLC, The Wet Seal Gift Card LLC, and Mador Financing
LLC sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. D. Del. Case Nos. 17-10229 to 17-10231) on February 2,
2017.  The petitions were signed by Judd P. Tirnauer, executive
vice-president and chief financial officer.  

The cases are assigned to Judge Christopher S. Sontchi.

At the time of the filing, the Debtors estimated their assets at
$10 million to $50 million and debts at $50 million to $100
million.


WHITE WING: Hires Prodigy as Business Broker
--------------------------------------------
White Wing Weaponry, LLC, et al., seek authority from the U.S.
Bankruptcy Court for the Eastern District of Texas to employ
Prodigy Partners, LLC as business broker to the Debtors.

White Wing requires Prodigy to sell the Debtor's capital stock,
assets, property, or any portion thereof.

Prodigy will be paid a commission of 5% of the gross sales of the
purchase price.

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

Paul Sartin, member of Prodigy Partners, LLC, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

Prodigy can be reached at:

     Paul Sartin
     PRODIGY PARTNERS, LLC
     4514 Travis Street, Suite 300
     Dallas, TX 75205
     Tel: (214) 599-0448
     Fax: (214) 599-0602

                About White Wing Weaponry, LLC

White Wing Weaponry, LLC, filed a Chapter 11 petition (Bankr. E.D.
Tex. Case Nos. 16-42144) on Nov. 28, 2016. WWW Retail, LLC filed a
Chapter 11 petition (Bankr. E.D. Tex. Case No. 16-42145) on Nov.
29, 2016.

Jeremy Hubnik (85%) and James O'Leary (15%) jointly own both
Debtors. The Debtors are seeking the joint administration of their
cases.

The Debtors are Texas limited liability companies and operate
retail firearms stores, including providing repair and servicing of
firearms.

The Debtors' business assets consist generally of inventory of new
and used firearms held for retail sale, some of which are also on
consignment for sale, equipment, parts and materials to repair
firearms, receivables from these operations generated in the
ordinary course of businesses together with cash payments, office
equipment, furniture and software to track its sales and inventory.


The Debtors lease the real property where they operate their
businesses.



WK CAPITAL: Seeks to Hire MarshallMorgan as Broker
--------------------------------------------------
WK Capital Enterprises, Inc. seeks approval from the U.S.
Bankruptcy Court for the District of Kansas to hire a broker.

The Debtor proposes to hire MarshallMorgan, LLC in connection with
the proposed sale of its 56 remaining Pizza Hut restaurants to Star
Management, LLC.

The firm will get either a commission of 2% of the gross sale price
or $60,000.

Robert Simmons, an agent employed with MarshallMorgan, disclosed in
a court filing that his firm does not hold or represent any
interest adverse to the Debtor or its bankruptcy estate.

The firm can be reached through:

     Robert L. Simmons
     MarshallMorgan, LLC
     14800 Quorum Drive, Suite 470
     Dallas, TX 75254

     Phone: 972-387-3131
     Fax: 972-387-3414
     Email: lsimmons@marshallmorgan.net

                  About WK Capital Enterprises

WK Capital Enterprises, Inc., and its subsidiaries Capital Pizza
Huts, Inc., Capital Pizza Huts of Vermont, Inc., Capital Pizza of
New Hampshire, Inc. are operators of 56 Pizza Hut restaurants in
six states.  The central business office location for the operation
of the 56 restaurants is at 3445 North Webb Road, Wichita Kansas.

WK Capital Enterprises, and its three units sought Chapter 11
protection (Bankr. D. Kan. Case Nos.  17-10073 to 17-10076) on Jan.
23, 2017.  The petitions were signed by Kenneth Jay Wagnon,
president.

No trustee has been appointed and the Debtors remain in
possession.

WK Capital disclosed $1.82 million in total assets and $19.52
million in liabilities.

The 11 U.S.C. Sec. 341 meeting of creditors is initially set for
Feb. 17, 2017.

The Debtors tapped Forker Suter LLC and Hinkle Law Firm LLC as
co-counsel.


YRC WORLDWIDE: Inks 3rd Amendment to Credit Suisse Credit Pact
--------------------------------------------------------------
YRC Worldwide Inc. entered into Amendment No. 3 to Credit
Agreement, which amends its Credit Agreement, dated as of Feb. 13,
2014, by and among the Company, the lenders party thereto and
Credit Suisse AG, Cayman Islands Branch, as administrative agent.

The Credit Agreement Amendment, among other things: (a) increases
the applicable margin to 7.5% per annum from 7.0% per annum with
respect to any Eurodollar Term Loan and 6.5% per annum from 6.0%
per annum with respect to any ABR Term Loan; (b) provides that the
Applicable ECF Percentage will be 75% if the Total Leverage Ratio
as of the last day of the respective Excess Cash Flow Period is
greater than 3.75:1.00; (c) provides that the 20% of aggregate
principal amount of all Initial Terms Loans that may be purchased
by the Company is not reduced by any such amounts that were
purchased by the Company on or before Jan. 31, 2017; (d) provides
for a 1% prepayment premium on the amount prepaid or assigned in
the event of a Repricing Event within six months of Jan. 31, 2017;
and (e) amends the permitted maximum Total Leverage Ratio as of the
end of the test periods set out the table below:

    Test Period Ending              Maximum Total Ratio
    ------------------              -------------------
    March 31, 2017                      3.85 to 1.0
    June 30, 2017                       3.85 to 1.0
    September 30, 2017                  3.75 to 1.0
    December 31, 2017                   3.50 to 1.0
    March 31, 2018                      3.50 to 1.0
    June 30, 2018                       3.50 to 1.0
    September 30, 2018 and thereafter   3.25 to 1.0

A copy of the Credit Agreement Amendment is available at:

                      https://is.gd/nmARhH

                      About YRC Worldwide

Headquartered in Overland Park, Kan., YRC Worldwide Inc. (NASDAQ:
YRCW) -- http://www.yrcw.com/-- is a holding company that offers  

its customers a wide range of transportation services.  These
services include global, national and regional transportation as
well as logistics.

YRC Worldwide reported net income attributable to common
shareholders of $700,000 on $4.83 billion of operating revenue for
the year ended Dec. 31, 2015, compared to a net loss attributable
to common shareholders of $85.8 million on $5.06 billion of
operating revenue for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, the Company had $1.87 billion in total
assets, $2.21 billion in total liabilities and a total
shareholders' deficit of $342.2 million.

                          *    *    *

As reported by the TCR on Feb. 18, 2014, Moody's Investors Service
had upgraded the Corporate Family Rating for YRC Worldwide from
'Caa3' to 'B3', following the successful closing of its
refinancing transactions.

In the Aug. 11, 2015 TCR report, Standard & Poor's Ratings
Services said that it has raised its corporate credit rating on
YRC Worldwide to 'B-' from 'CCC+'.

"The upgrade reflects YRC's earnings growth and improved liquidity
position, along with our belief that gradual improvement in the
company's operating performance will result in credit measures
that are commensurate with the rating," said Standard & Poor's
credit analyst Michael Durand.


[*] Eisneramper Wins Chapter 11 Reorganization of the Year Award
----------------------------------------------------------------
EisnerAmper's Bankruptcy and Restructuring group was named the
winner in the Chapter 11 Reorganization of the Year (Over $25MM to
$100MM) category recognizing the firm's engagement for the Chapter
11 Reorganization of EZ Mailing Services, Inc., et al.  The awards,
hosted by M&A Advisors, will be presented at a Black Tie Gala on
Thursday, March 23rd, 2017 at the Colony Hotel, Palm Beach, FL.
"Award winners (like EisnerAmper) represent the best of the
distressed investing and reorganization industry in 2016 and earned
these honors by standing out in a group of very impressive
candidates," said David Fergusson, Co-CEO and President of The M&A
Advisor.  "In an environment that is increasingly demanding of its
professionals we have recognized the leading transactions, firms
and individuals that represent the highest levels of performance."

The nominations, representing over 300 participating companies,
were judged by an independent jury of industry experts.  "Winning
this award from our peers is especially gratifying," said Allen
Wilen, National Practice Leader, in EisnerAmper's Bankruptcy and
Restructuring group.  "Our goal, always, is to serve our clients
with dedication, and with the highest degree of ethics and
independence.  We are very appreciative of this meaningful
recognition."

     About EisnerAmper LLP's Bankruptcy and Restructuring Group

EisnerAmper LLP's Bankruptcy and Restructuring Group provides
turnaround, restructuring and advisory services to distressed
companies, unsecured creditors, secured lenders, institutional debt
and equity holders and trustees on a global basis.

                         About EisnerAmper

EisnerAmper LLP is an accounting and business advisory services
firm, and is among the largest in the United States.  EisnerAmper
provides audit, accounting, and tax services as well as valuation,
due diligence, internal audit and risk management, litigation
consulting and forensic accounting and technology, compliance and
regulatory, operational consulting and other professional services
to a broad range of clients, including services to more than 200
public companies.  The firm features 180 partners and principals
and 1,400 professionals.


[*] January Total Bankruptcy Filings Up 5% from 2016
----------------------------------------------------
Total U.S. bankruptcy filings increased 5 percent in January 2017
from the same period last year, according to data provided by Epiq
Systems, Inc.

Bankruptcy filings totaled 55,212 in January 2017, up from the
January 2016 total of 52,560. With the total filings in both
December 2016 and January 2017 increasing 5 percent over the
previous year, total bankruptcies registered back-to-back monthly
gains for the first time since 2010.  Consumer filings also
increased 5 percent in January 2017 to 52,421 from the January 2016
consumer filing total of 49,733.  Total commercial filings
decreased slightly in January 2017 to 2,791, representing a 1
percent decrease from the 2,827 business filings recorded in
January 2016. The 398 total commercial chapter 11 filings in
January 2017 represented a decrease of 19 percent from January
2016's total of 494.

"While bankruptcies plunged last year to their lowest levels since
the implementation of the Bankruptcy Abuse Prevention and Consumer
Protection Act of 2005, filings are beginning to climb," said ABI
Executive Director Samuel J. Gerdano. "As interest rates increase
and the cost of borrowing rises, more debt-burdened consumers and
businesses may seek the financial shelter of bankruptcy."

Total bankruptcy filings for the month of January 2017 decreased 2
percent compared to the 56,414 total filings registered in December
2016.  Total noncommercial filings for January 2017, 52,421, also
represented a 2 percent decrease from the December 2016
noncommercial filing total of 53,469.  The January 2017 commercial
filing total of 2,791 represented a 5 percent decrease from the
December 2016 commercial filing total of 2,945. January 2017's 398
commercial chapter 11 filings, however, represented an 18 percent
increase from the 337 filings recorded the previous month.

The average nationwide per capita bankruptcy-filing rate in January
2017 was 2.13 (total filings per 1,000 per population), a decrease
from December 2016's rate of 2.48.  Average total filings per day
in January 2017 were 2,629, a 5 percent decrease from the 2,766
total daily filings recorded in January 2016 (due to 21 filing days
during the month in 2017 versus 19 filing days in January 2016).
States with the highest per capita filing rates (total filings per
1,000 population) in January 2017 were:

   1. Alabama (5.43)
   2. Tennessee (5.08)
   3. Georgia (4.30)
   4. Arkansas (3.44)
   5. Illinois (3.41)

ABI has partnered with Epiq Systems, Inc., in order to provide the
most current bankruptcy filing data for analysts, researchers and
members of the news media.  Epiq Systems is a leading provider of
managed technology for the global legal profession.

For further information about the statistics or additional
requests, please contact ABI Public Affairs Manager John Hartgen at
703-894-5935 or jhartgen@abiworld.org.

ABI is the largest multi-disciplinary, nonpartisan organization
dedicated to research and education on matters related to
insolvency.  ABI was founded in 1982 to provide Congress and the
public with unbiased analysis of bankruptcy issues.  The ABI
membership includes more than 12,000 attorneys, accountants,
bankers, judges, professors, lenders, turnaround specialists and
other bankruptcy professionals, providing a forum for the exchange
of ideas and information.  For additional information on ABI, visit
http://www.abi.org/

Epiq Systems is a leading provider of managed technology for the
global legal profession.  Epiq Systems offers innovative technology
solutions for electronic discovery, document review, legal
notification, claims administration and controlled disbursement of
funds.  Epiq System’s clients include leading law firms,
corporate legal departments, bankruptcy trustees, government
agencies, mortgage processors, financial institutions, and other
professional advisors who require innovative technology, responsive
service and deep subject-matter expertise.  For more information on
Epiq Systems, Inc., please visit http://www.epiqsystems.com/


[*] QORVAL Launches Maritime Logistics Restructuring Practice
-------------------------------------------------------------
QORVAL on Feb. 1, 2017, announced the formation of QORVAL Marine, a
new division that will offer world-class restructuring and
strategic solutions services to the maritime sector.

Led by Paul Slater, a leading maritime restructuring authority with
over 30 years of experience in the industry, QORVAL Marine will
focus on providing expert and innovative solutions and services to
the key constituents in the maritime industry including banks,
investors, trustees, management teams, and boards of directors.

Mr. Slater stated: "what we're seeing in the name of restructuring
is simply shuffling the deck chairs of a sinking ship.  What is
needed is comprehensive reorganization -- the kind of change QORVAL
and its managers have successfully provided to clients over many
decades."

QORVAL Founder and Senior Managing Partner James R. Malone stated:
"with Paul Slater's reputation and experience, as well as QORVAL's
expertise, forming a division devoted to answering the needs of the
maritime industry was a natural step.  We intend to play a key role
in the major changes expected in the maritime industry going
forward."

                      About Paul Slater

A global financial advisor to the maritime and energy industries
for over 30 years, Paul Slater is recognized as a leading authority
on maritime restructuring, maritime economics, marine safety, and
international project finance.  A prolific writer and thought
leader on maritime related issues, Mr. Slater is a regular
contributor to media and trade journals and frequent speaker at
industry events.

Mr. Slater also has extensive experience in M&A, project finance,
capital markets transactions, and distressed company advisory in
the maritime industry.  From 1980 to 2000, Mr. Slater was Chairman
and CEO of First International Shipping Corporation, which focused
on international project finance and investment for shipping and
ocean transportation, including asset finance and leasing of ships
and other transportation assets.  In this capacity, Mr. Slater
raised more than $5 billion in equity and debt for international
shipping projects.

Early in his career, Mr. Slater formed the first maritime merchant
bank, Oceanic Finance Corporation, based in Bermuda.  The equity
was sourced from major Canadian corporations, including Power Corp
and Great West Life, and the debt from leading Canadian banks.

Mr. Slater received his education from the Institute of Chartered
Accountants in England and Wales, where he is an Associate and a
Fellow.  He is a member of numerous maritime associations and
served as Founding Chairman of The Maritime Industry Foundation. He
is also a past member of the Executive Committee of Intertanko, the
worldwide organization that represents the interests of independent
tanker owners.  A Freeman of the City of London, Paul is a member
of the Court of Assistants of the Worshipful Company of
Shipwrights.

                         About QORVAL

A full-service business consulting and advisory firm, QORVAL
provides operational, organizational, and strategic advisory
services to transform companies.  The firm has been delivering
expert and innovative solutions and services to clients across a
broad array of industries for over 20 years.

QORVAL is frequently recognized as a leader in bankruptcy,
restructuring, workout, and distressed situations advisory, and has
extensive experience working on boards of directors and as chief
restructuring officer in many related consulting projects.

QORVAL's professionals have expertise in bankruptcy, business
consulting, strategic advisory, CEO/senior management, operations
management, M&A, investment banking, commercial banking, fund
management, financial controls, due diligence, litigation, risk
management, and corporate governance.  Its professionals have been
CEO of five Fortune 500 companies, and have acted as senior
executives, board members, investors, and advisors for many public
and private companies in the US and abroad.


[*] Steven Smith Named JND Corporate Restructuring Sr. Consultant
-----------------------------------------------------------------
JND Corporate Restructuring, a subsidiary of JND Legal
Administration that provides technology-driven claims and noticing
services to companies undergoing corporate bankruptcy, on Feb. 1
disclosed that Steven B. Smith, Esq. has joined the company as
senior consultant.  In his new role, Mr. Smith will focus on
advancing the company's growth objectives and supporting clients in
their corporate restructuring endeavors.

"Steven brings nearly two decades of experience that will be
invaluable to our clients and to our business development
initiatives," comments Travis Vandell, CEO of JND Corporate
Restructuring.  "He possesses an in-depth understanding of our
client's administrative needs having been in their shoes as a
corporate restructuring attorney."

Prior to joining JND Corporate Restructuring, Mr. Smith served as
bankruptcy counsel in the New York office of Blank Rome LLP,
representing parties in complex chapter 11 cases and other
distressed situations.  Previously, he was a bankruptcy partner in
the New York offices of Brown Rudnick LLP and Edwards Wildman
Palmer LLP, and bankruptcy counsel in the New York offices of
Dechert LLP and Dickstein Shapiro.

An active member of the bankruptcy community, Mr. Smith has been
widely recognized for his career accomplishments and pro bono work.
He was selected to the New York Super Lawyers list in 2011 and
again in 2013-2015 in the area of bankruptcy.  In addition, he has
been awarded on several occasions for his pro bono work by, among
others, the New York City Legal Assistance Project.  Mr. Smith is a
member of the American Bankruptcy Institute, Turnaround Management
Association, NYC Bar Association Bankruptcy & Corporate
Reorganization Committee, the NYC Bankruptcy Assistance Project
Steering Committee, the UJA Bankruptcy & Reorganization Next
Generation Group, the Barry L. Zaretzky Roundtable Steering
Committee, the Strafford Bankruptcy Law Advisory Board and the
Board of Editors of The Bankruptcy Strategist.  He earned his Juris
Doctor from Brooklyn Law School in Brooklyn, NY and a B.A. degree
from Yeshiva University in New York, NY.

                About JND Corporate Restructuring

JND Corporate Restructuring is a technology-driven claims and
noticing agent with a seasoned team of restructuring professionals
to help clients navigate every stage of the corporate bankruptcy
process.  Its services provide precision and simplicity to
alleviate the administrative burdens and complexity of corporate
restructuring.  With progressive, proprietary technology and tools,
JND Corporate Restructuring is the first and only claims agent that
can manage all claims and noticing functions electronically, with
the ability to administer an entire case without printing a single
sheet of paper.

                 About JND Legal Administration

JND Legal Administration -- http://www.JNDLA.com/-- is a
management and administration company led by a team of industry
veterans who are passionate about providing superior service to
clients.  Armed with decades of expertise and a powerful set of
tools, JND has deep experience expertly navigating the intricacies
of multiple service lines including class action settlements,
corporate restructuring, eDiscovery, mass tort claims and
government services.  JND is trusted by law firms, government
agencies and Fortune 500 companies across the nation.  The company
is backed by Stone Point Capital and has offices in Colorado,
Minnesota, New York, North Carolina, Washington and Washington,
D.C.


[*] U.S. Retail Bankruptcies Skyrocket in 2016
----------------------------------------------
Although energy companies grabbed the biggest bankruptcy headlines
in 2016, the number of bankruptcy filings by U.S. retailers nearly
doubled, and 2017 looks bleak for the industry, according to The
Deal, a business unit of TheStreet, Inc. (NASDAQ: TST).

"The rate of Chapter 11 filings is often an indicator of an
industry's health and that's bad news for retailers," said Ian
Wenik, bankruptcy reporter at The Deal.  "The number of
large-liability retail Chapter 11 filings (at least $250 million in
liabilities) nearly doubled in 2016 and that trend shows no signs
of slowing down.  Teen clothing retailers in particular are
struggling as teenagers turn towards experiences as a method of
conspicuous consumption and away from fashion labels."

The Deal's exclusive ranking covers the top U.S and Canadian firms
involved in bankruptcy cases filed between Jan. 1 and Dec. 31,
2016.

Some highlights from the report:

   * Latham & Watkins LLP claimed the top spot for bankruptcy law
firms by volume, with $90.2 billion in liabilities.  Duane Morris
LLP followed, with $70.9 billion in liabilities.  Milbank, Tweed,
Hadley & McCloy LLP ranked third, with $58.9 billion in
liabilities.  Whiteford, Taylor & Preston LLP followed in fourth
with $46 billion in liabilities and DLA Piper ranked fifth with
$44.7 billion in liabilities.

   * Goodmans LLP claimed the top spot for bankruptcy of Canadian
law firms by volume, with $11.8 billion in liabilities.  Borden
Ladner Gervais LLP followed, with $11.6 billion in liabilities.
Torys LLP ranked third, with $10.4 billion in liabilities. Stikeman
Elliott LLP followed in fourth with $10.1 billion in liabilities
and Norton Rose Fulbright LLP ranked fifth with $9.8 billion in
liabilities.

   * For investment banks by volume, Houlihan Lokey Inc. remained
in the top spot, with $118.2 billion in liabilities.  Lazard Ltd.
followed in second, with $83 billion in liabilities.  Moelis & Co.
LLC was third, with $54.7 billion in liabilities.  PJT Partners
Inc. ranked fourth, with $34.8 billion in liabilities.  Jefferies
LLC rounded up the top five with $29.8 billion in liabilities.

   * FTI Consulting Inc. claimed the top spot for Canadian
bankruptcy monitors by volume with $10.9 billion.
PricewaterhouseCoopers Inc. followed with $8.3 billion. Ernst &
Young Inc. came in third with $5.3 billion.  Alvarez & Marsal LLC
came in fourth with $974 million. Richter Consulting Inc. came in
fifth with $672.4 million.

The full report is available online, or learn more about The Deal's
Bankruptcy League Tables by visiting
http://www.thedeal.com/league-tables/bankruptcy/.

              About The Deal's Bankruptcy League Tables

The Deal's U.S. Bankruptcy League Tables include cases with at
least $25 million in liabilities. The Canadian Bankruptcy League
Tables include all cases filed under the Companies Creditors
Arrangement Act (CCAA), plus cases filed pursuant to the Bankruptcy
and Insolvency Act (BIA), with at least $25 million in liabilities.
The rankings are based on the aggregation of those liability
values.

                            About The Deal

The Deal -- http://www.thedeal.com/-- provides actionable,
intraday coverage of mergers, acquisitions and all other changes in
corporate control to institutional investors, private equity, hedge
funds and the firms that serve them.  The Deal is a business unit
of TheStreet, Inc. (NASDAQ: TST, www.t.st), a leading financial
news and information provider.  Other business units include
TheStreet (www.thestreet.com), which is celebrating its 20th year
of producing unbiased business news and market analysis; BoardEx
(www.boardex.com), the leading relationship mapping service of
corporate directors and officers; and RateWatch
(www.rate-watch.com) which supplies rate and fee data from banks
and credit unions across the U.S.

Contact:

          Jon Kostakopoulos
          Tel: 212-321-5561
          E-mail: Jon.Kostakopoulos


[*] Waller Lansden Dortch & Davis Elects Twelve New Partners
------------------------------------------------------------
Waller Lansden Dortch & Davis, LLP, a provider of legal services to
the healthcare, financial services, technology, retail and
hospitality industries, has elected twelve new partners from the
firm's Corporate, Environmental, Finance and Restructuring,
Healthcare Regulatory, Intellectual Property, Litigation and
Dispute Resolution, Real Estate and practices.

"Waller's newest partners hail from our offices in Texas, Alabama
and Tennessee and reflect the firm's depth and experience across a
broad range of practice areas and industry teams," said Waller
chairman Matt Burnstein.  "They exemplify Waller's commitment to
client service, and we are both fortunate and honored to welcome
this talented group to the partnership."

Austin

Cleveland R. Burke, Litigation and Dispute Resolution, represents
healthcare providers, banks and financial institutions, energy
companies and other corporate clients and individuals in bankruptcy
and commercial litigation.  His experience includes the
representation of creditors, creditors' committees, trustees,
debtors, and other parties in bankruptcy and adversary proceedings.
Mr. Burke also represents both plaintiffs and defendants in a wide
variety of civil lawsuits related to contracts, real estate,
business torts and debt collection.  His experience includes all
stages of trial and appellate litigation in both federal and state
courts.  Mr. Burke served as Law Clerk to the Hon. Will Garwood in
the U.S. Court of Appeals for the Fifth Circuit.  He earned his
J.D. in 2008 with high honors from the University of Texas School
of Law and graduated magna cum laude from Duke University in 2001.

Birmingham

Christopher Driskill, Litigation and Dispute Resolution, represents
banks and financial institutions in complex commercial litigation
and consumer disputes, including the enforcement of commercial
financial instruments and claims alleging breach and commercial
fraud.  He has also defended against wrongful foreclosure actions
and claims brought under federal law.  Additionally, Mr. Driskill
defends national retailers and other employers against claims of
discrimination, retaliation and harassment brought under federal
and state law, and he advises clients on employment contracts,
personnel decisions and business strategies to avoid potential
litigation.  He served as Law Clerk to the Hon. William M. Acker,
Jr., United States District Judge in the Northern District of
Alabama from 2009 to 2010.  Mr. Driskill graduated magna cum laude
from the University of Alabama School of Law in 2009. He earned his
B.A. in 2005 from the University of Tennessee.

Nashville

Matthew C. Cox, Intellectual Property, represents manufacturers,
retailers and life sciences companies across the full spectrum of
IP law, including patent preparation and prosecution, patent and
trademark litigation, proceedings before the Patent Trial and
Appeal Board, and counseling clients in overall IP strategy and IP
portfolio management.  A registered patent attorney, Mr. Cox has
prepared and prosecuted more than 150 U.S. patent applications in a
variety of technical fields, and he has extensive experience in the
areas of mechanical and electro-mechanical systems, medical
devices, sporting goods, heavy machinery, automotive and materials
science.  Mr. Cox earned his J.D. in 2009 from the University of
Tennessee College of Law. He earned M.S. and B.S. degrees in
Mechanical Engineering from Vanderbilt University in 2005 and 2002,
respectively.

Christopher W. Hayes, Environmental, advises manufacturers,
healthcare companies, utilities and other clients with respect to
compliance with the Clean Air Act, the Clean Water Act and other
federal and state environmental regulations.  He assists clients in
preparing environmental indemnification agreements and performing
environmental due diligence to facilitate the acquisition and sale
of real property and assets.  He also represents clients before
administrative tribunals, boards of zoning appeals, states' courts,
and the U.S. Environmental Protection Agency concerning an array of
environmental issues. Earlier in his career, Mr. Hayes worked in
the Environmental Division of the Tennessee Attorney General's
Office and the Conservation Section of the Vermont Housing and
Conservation Board.  He graduated cum laude from Vermont Law School
in 2008 and holds an M.S. in Environmental and Natural Resource
Law, Management and General Policy from the University of
Tennessee.  He earned his B.S. in Environmental Policy in 2001 from
Virginia Commonwealth University.

Morgan W. Jones, Real Estate, represents healthcare companies,
hospitality clients and real estate developers and management
companies in the acquisition, development, financing and
disposition of commercial real property.  He also represents both
landlords and tenants in connection with the leasing of shopping
center outparcels and in-line retail space, office buildings and
industrial properties.  Mr. Jones earned his J.D. in 2002 from the
University of Alabama School of Law and his B.S. in Business
Administration in 1999 from Auburn University.

Tera Rica Murdock, Litigation and Dispute Resolution, represents
clients in complex commercial, business and employment disputes.
She has prosecuted and defended claims of breach of contract in the
financial services, manufacturing and healthcare industries. Ms.
Murdock has also litigated complex multi-plaintiff claims involving
the Equal Employment Opportunity Commission, assisted companies in
enforcing non-compete agreements, and defended businesses against
alleged violations of federal and state employment law.  She was
recently recognized in the Nashville Business Journal's annual 40
Under 40 list for her professional accomplishments and community
involvement.  Ms. Murdock graduated Order of the Coif from
Vanderbilt University Law School in 2009 and earned her B.A., summa
cum laude, in 2006 from Murray State University.

Kevin Page, Healthcare Compliance and Operations, advises health
systems and other healthcare providers on a wide variety of
regulatory compliance, operational and transactional matters.  His
practice focuses on Medicare and Medicaid billing and
reimbursement, HIPAA privacy and security issues, and Stark and
anti-kickback compliance.  He also advises hospitals, academic
medical centers, physician practices, surgery centers and other
healthcare providers and suppliers on regulatory issues involved in
the structure of mergers, acquisitions and joint ventures.  Mr.
Page graduated magna cum laude from the University of Tennessee
College of Law in 2009 and earned his B.S., summa cum laude, in
Economics from Louisiana State University in 2004.

Nicholas A. Rew, Corporate, represents investor-owned and
tax-exempt hospitals and health systems, specialty physician
practices, dental support organizations and healthcare investors in
mergers, acquisitions, joint ventures, dispositions and other
transactional matters.  In addition, Mr. Rew provides counsel to
public and private corporations with respect to registered
offerings of debt and equity securities, and he assists publicly
traded companies with periodic reporting required by the Securities
Exchange Act of 1934.  Mr. Rew earned his J.D. in 2009 from
Vanderbilt University Law School and graduated magna cum laude with
a B.S. in 2006 from the University of Arkansas.

Blake D. Roth, Finance and Restructuring, advises indenture
trustees, secured lenders, unsecured creditors, official creditors,
court-appointed receivers and other banking and financial
institutions in matters related to distressed debt, bankruptcy
litigation and commercial litigation.  His experience includes
claims litigation and the prosecution of fraudulent transfer
actions.  Additionally, he has represented secured lenders in all
aspects of chapter 7, 11, and 13 bankruptcy proceedings. Roth
graduated cum laude in 2009 from the Earle Mack School of Law at
Drexel University and earned his B.A., magna cum laude, in 2005
from the University of Tennessee.

Ashleigh VanLandingham, Corporate, assists healthcare providers,
manufacturers and clients in other industries in strategic
acquisitions and joint ventures as well as divestitures.  A
significant portion of her practice entails representing specialty
physician practices in sales to strategic acquirors and private
equity firms, advising healthcare providers in joint ventures with
physicians, and assisting investor-owned health systems in
strategic acquisitions and dispositions. She also provides counsel
on securities-related matters, including public and private
offerings of securities, SEC compliance, registered offerings of
securities, periodic reporting requirements and broker-dealer
registration requirements.  Mr. VanLandingham graduated magna cum
laude in 2009 from the Indiana University School of Law and earned
her B.S. in 2005 from the University of Kentucky.

Andrew A. Warth, Litigation and Dispute Resolution, represents both
individuals and corporate entities in complex litigation, internal
and government investigations and government enforcement actions.
He has successfully defended healthcare clients in False Claims Act
matters, represented energy companies and manufacturers in
environmental litigation, defended healthcare providers in
high-profile malpractice lawsuits and represented financial
institutions in bet-the-company litigation.  Throughout his career,
Mr. Warth has also represented individual business owners and
executives in litigation arising out of their businesses, as well
as to individuals facing investigation by the U.S. Government and
state agencies.  Mr. Warth served as a Law Clerk to the Hon. Aleta
A. Trauger in the U.S. District Court for the Middle District of
Tennessee from 2008 to 2011.  He graduated Order of the Coif in
2006 from Vanderbilt University Law School and earned his B.A. in
2002 from Northwestern University.

David P. Wright, Real Estate, represents commercial landlords,
tenants, and real estate developers primarily in the healthcare
industry.  His experience involves a wide range of complex
transactions including the leasing, acquisition, disposition,
financing and development of hospitals, medical office buildings
and outpatient facilities.  He also advises clients on the
regulatory issues involved in healthcare real estate transactions.
Mr. Wright graduated cum laude in 2002 from the University of
Tennessee College of Law and earned his B.B.A., magna cum laude, in
1999 from the University of Mississippi.

                          About Waller

With more than 225 attorneys in Austin, Birmingham, Memphis and
Nashville, Waller -- http://www.wallerlaw.com-- assists clients in
complex transactional, regulatory and litigation matters.  The firm
has built a national reputation for its work in healthcare,
financial services, retail and hospitality, and has extensive
experience in manufacturing, real estate, technology and other
industries.


[] Sagaria Fights 51 Bids to Junk FCRA Suits v. Wells Fargo et al
-----------------------------------------------------------------
Bankruptcy Law360 reports that Elliot Gale, Esq., at Sagaria Law
PC, who is litigating more than 100 Fair Credit Reporting Act suits
against Wells Fargo & Co., Experian Information Solutions Inc. and
other financial institutions, fought against 51 motions seeking to
end the lawsuits and urged a California federal judge during a
hearing to preserve allegations the companies wrongfully reported
outstanding debts of bankrupt clients.  

According to Law360, Mr. Gale is claiming that Wells Fargo,
Experian Information, and other financial institutions are
"destroying consumers' FICO scores" by failing to adequately report
that they declared bankruptcy.


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
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Editors.

Copyright 2017.  All rights reserved.  ISSN: 1520-9474.

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