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         T R O U B L E D   C O M P A N Y   R E P O R T E R

              Monday, February 13, 2017, Vol. 21, No. 43

                            Headlines

1263 INVESTORS: Selling Oakdale Property for $435K
ADRIAAN SCHILTKAMP: Creditors Seek Conversion, Trustee Appointment
ALERIS INTERNATIONAL: Moody's Affirms B3 Corporate Family Rating
ALLIANCE ONE: Incurs $15.6 Million Net Loss in Third Quarter
AMERICAN APPAREL: Gildan Completes Acquisition of Business

ANGELS OF THE VALLEY: Efforts to Obtain Referrals Ongoing, PCO Says
APRICUS BIOSCIENCES: Kopin Reports 0.4% Stake as of Dec. 31
ATLAS DISPOSAL: Taps Aimino & Dennen as Special Counsel
AURA SYSTEMS: Amends 2013 Purchase Agreement Transaction Documents
AUTHENTIDATE HOLDING: Terminates Interim CFO; Eliminates COO Post

AVAYA INC: Reports Financial Results for Fiscal Qtr. Ended Dec. 31
BBB INDUSTRIES: Moody's Affirms B2 Corporate Family Rating
BINDER MACHINERY: Seeks to Hire Bederson as Accountant
BIOSTAGE INC: Amends Common Shares, Warrants Prospectus with SEC
BLOCK COMMUNICATIONS: Moody's Hikes Rating on $500MM Notes to Ba3

BLUE BEE: Plan Filing Period Extended to May 17
BOYSON INC: Wants to Use Revere High Cash Collateral
BULOVA TECHNOLOGIES: Amends Form 10-K to Add Auditors' Report
CAMBER ENERGY: Extends Maturity of 'Rogers Loan' to April 30
CAMBER ENERGY: Obtains $1 Million Financing from Director

CENTORBI LLC: Seeks April 12 Plan Filing Period Extension
CEQUEL COMMUNICATIONS: S&P Affirms 'B' CCR; Outlook Positive
CHARLES MICHAEL LUCAS: John Patrick Lowe Named Plan Trustee
CLARK-CUTLER-MCDERMOTT: Can Continue Using Cash Until March 31
CLARKE PROJECT: Wants Approval to Use Cash Collateral

COMSTOCK RESOURCES: Hodges Capital Holds 9.6% Stake as of Dec. 31
CONGREGATION ACHPRETVIA: Has Until May 11 to File Chapter 11 Plan
CONTINENTAL RESOURCES: Moody's Alters Rating Outlook to Pos.
CORNED BEEF EXPRESS: Taps Siegel & Reiner as Special Counsel
CORPORATE RESOURCE: Trustee Taps Jenner & Block as Special Counsel

CTJH INVESTMENTS: Seeks Court Permission to Use Cash Collateral
D.L.A. OWNERSHIP: U.S. Trustee Unable to Appoint Committee
DCCS LLC: Seeks Court Approval to Use FFB Cash Collateral
DELCATH SYSTEMS: Mitchell Kopin Holds 1.8% Stake as of Dec. 31
DEWEY & LEBOEUF: DiCarmine Uninvolved in Finance, Accounting

DIRECTORY DISTRIBUTING: Court Directs Appointment of Ch. 11 Trustee
DIRECTORY DISTRIBUTING: Wants Until April 12 to File Plan
DOOR TO DOOR: Asks Court to Extend Plan Filing Period Until June 5
EASTERN OUTFITTERS: Has $85-Mil. DIP Loan From Sportsdirect
ECLIPSE RESOURCES: Proved Reserves, Operational & Fin'l Update

ELITE ENTERPRISES: Case Summary & 14 Unsecured Creditors
EMECO HOLDINGS: Asks for Another Chapter 15 Protection
EMES PROPERTIES: Taps Stephen Maltagliati as Real Estate Appraiser
EXPRESS INTEGRATED: Innova Acquires Intellectual Property Assets
FEDERATION EMPLOYMENT: Sale of Brooklyn Property for $1.5M Approved

FINJAN HOLDINGS: Cisco Systems Holds 7.37% Stake as of Dec. 31
FUNCTION(X) INC: Amends $10 Million Prospectus with SEC
FUND.COM INC: Court Sets April 14, 2017 Claims Filing Deadline
GABEL LEASE: Court Extends Plan Filing Deadline to March 20
GARDEN FRESH: Court Extends Plan Filing Period Through May 1

GASTAR EXPLORATION: Declares Monthly Cash Dividend on Pref. Stock
GIGA-TRONICS INC: Incurs $575,000 Net Loss in Third Quarter
GOLDEN MARINA: Has Until April 25 to File Plan of Reorganization
HALCON RESOURCES: Moody's Rates Proposed $700MM Notes at Caa1
HALCON RESOURCES: S&P Assigns 'B-' Rating on New Sr. Unsec. Debt

HARLAND CLARKE: Moody's Assigns B1 Rating to Term Loan B-5
HARTFORD COURT: Can Use Hinsdale Bank Cash on Interim Basis
HEALTH DIAGNOSTIC: Consumers Can Challenge Trustee's Collections
HHH CHOICES: Taps Lippes Mathias Wexler Friedman as Legal Counsel
HILL-ROM HOLDINGS: Moody's Assigns B1 Rating to New Unsec. Notes

HILL-ROM HOLDINGS: S&P Assigns 'BB' Rating on $300MM Sr. Notes
HOMER CITY GENERATION: US Trustee Tries to Block Disclosures OK
HOUSTON AMERICAN: Remains Non-Compliant with NYSE Listing Rule
IDDINGS TRUCKING: Seeks to Hire Mulligan Topy as Accountant
IMAGING3: Clarifies Announcement on Bankruptcy Proceeding

INNOVATIVE CONSTRUCTION: Taps Keller Williams as Broker
JELD-WEN INC: S&P Hikes CCR to B+ on Partial Term Loan Prepayment
KANE CLINICS: Seeks to Excuse Appointment of PCO
KENNETH ANDERSON: PCO Not Needed, Texas Judge Says
KERENSA INVESTMENT: Shelley D. Krohn Named Ch. 11 Trustee

KRONOS ACQUISITION: Moody's Affirms B3 Corporate Family Rating
LEVEL 3 FINANCING: Fitch Rates New $2.6BB Term Loans 'BB+/RR1'
LEVEL 3 FINANCING: Moody's Rates New $2.6BB Secured Term Loan Ba1
LMCHH PCP: U.S. Trustee Forms 4-Member Committee
LODGE PARTNERS: Can Use Palatine Tucson Cash on Interim Basis

LOUISIANA MEDICAL: Seeks to Hire SOLIC Capital, Appoint CRO
MADDD WEST: Wants to Assume Contract to Purchase Property
MADISON CONSTRUCTION: Court Allows Cash Use on Interim Basis
MAGNESIUM CORP: Ira Rennert Says 2nd Cir. Ruling Unconstitutional
MAMAMANCINI'S HOLDINGS: President Holds 19.6% Stake as of Jan. 31

MARACAS CLUB: Gregory Messer Named Ch. 11 Trustee
METROPOLITAN NYC: Taps Steinberg & Associates as Legal Counsel
MEZCLA LLC: U.S. Trustee Unable to Appoint Committee
MIAMI NEUROLOGICAL: Approval of Soneet Kapila as Trustee Sought
MIAMI NEUROLOGICAL: CNB Renews Bid to Stop Cash Use

MICROCHIP TECHNOLOGY: S&P Rates Proposed $2BB Sr. Notes 'B+'
MIDWEST ASPHALT: Committee Taps Leonard O'Brien as Legal Counsel
MLRG INC: Seeks to Use Washington First Bank Cash Until March 31
MOUNT CALVARY: Case Summary & 9 Unsecured Creditors
MUSCLEPHARM CORP: Unredacted Copy of "Schwarzenegger" Licesing Pact

NASTY GAL: Wants to Continue Using Cash Collateral
NATURESCAPE HOLDING: Committee Taps Case Lombardi as Legal Counsel
NAVISTAR INTERNATIONAL: Completes Repricing of $1-Bil. Term Loan
NAVISTAR INTERNATIONAL: Franklin Holds 17.1% Stake as of Dec. 31
NEVADA GAMING: Seeks Extension of Plan Exclusivity Thru May 9

NEW BEGINNINGS: PCO Files 6th Report
NICK STELLEY: Case Summary & 20 Largest Unsecured Creditors
NORTHEAST ENERGY: U.S. Trustee Unable to Appoint Committee
ON-SITE TRANSPORT: Asks for April 11 Plan Filing Period Extension
ONCOBIOLOGICS INC: Extends Warrants Expiration to February 2018

PARAGON OFFSHORE: Revolver Secured Creditors to Get 31% Under Plan
PATRIARCH PARTNERS: Asks SEC Judge to Ignore Mismanaged Funds Suit
PEABODY ENERGY: Kopernik Reports 2.64% Stake as of Dec. 31
PEABODY ENERGY: Pricing of $1-Bil. in Sr. Secured Notes Announced
PEABODY ENERGY: Senior Secured Term Loan Upsized to $950M

PERFORMANCE SPORTS: Enters Into License Agreements with Q30 Sports
PERFORMANCE SPORTS: New Generation Reports 6.9% Stake
PERFORMANCE SPORTS: Parties Told to Agree to Q30 Deal, Panel Says
PFO GLOBAL: Files for Bankruptcy; Gets Court OK of $400K DIP Loan
PHARMACOGENETICS DIAGNOSTIC: Needs Until June 6 to File Ch.11 Plan

PICO HOLDINGS: Bloggers Deride Golden Parachute for UCP CEO Bogue
POWELL VALLEY HEALTH: Seeks March 10 Plan Filing Period Extension
PREFERRED CONCRETE: Can Continue Using IRS Cash Until April 27
PRESTIGE INDUSTRIES: Taps Traxi LLC's Iommazzo as CRO
PRESTIGE INDUSTRIES: U.S. Trustee Forms 5-Member Committee

QEP RESOURCES: Moody's Raises CFR to Ba3; Outlook Stable
QUOTIENT LIMITED: Incurs $31.2 Million Net Loss in 3rd Quarter
QUOTIENT LIMITED: Reports Q3 Fiscal 2017 Financial Results
RECOM INC: Case Summary & 11 Unsecured Creditors
RENNOVA HEALTH: To Effect a 1-for-30 Reverse Common Stock Split

RFD DELI: U.S. Trustee Unable to Appoint Committee
ROMEO'S PIZZA: Seeks to Hire Auction America as Appraiser
RUXTON DESIGN: Wants Court to Approve Cash Collateral Use
SAMSON RESOURCES: IRS Tries to Block Okay of Plan
SANDERS NURSERY: Wants to Renew Existing IBC DIP Facility

SANDRIDGE ENERGY: Keeps Exclusivity Pending Confirmation Appeal
SANTIAGO FIGUEREO: Seeks to Hire Brett A. Elam as Legal Counsel
SEPCO CORPORATION: Court Extends Plan Filing Period to May 10
SERVICEBURY LLC: Taps Feinman Law Offices as Legal Counsel
SHIROKIA DEVELOPMENT: Wants to Use W Financial Cash Collateral

SOMERSET THOR: EPA, IRS Seek Ch. 11 Trustee Appointment
SPANISH BROADCASTING: BlackRock Holds 2.4% A-Shares as of Jan. 31
STANWICH FINANCIAL: R. Finkel Named Substitute Liquidating Agent
STEREOTAXIS INC: DAFNA Capital Reports 9.9% Stake as of Feb. 6
STEREOTAXIS INC: David Fischel Named Acting CEO

STEREOTAXIS INC: Expects to Report Lower Revenue in Q4
STONE ENERGY: EQT Energy Wins Auction to Acquire Marcellus Acres
SUBMARINA INC: W. Donald Gieseke Named Chapter 11 Trustee
SUPERIOR LINEN: Can Get Additional $230,000 Financing from RD VII
SWING HOUSE REHEARSAL: Seeks May 8 Plan Filing Extension

TEMPEST GROUP: Has Until April 1 to File Reorganization Plan
TERRASSA CONCRETE: April 11 Disclosure Statement Hearing
THE WET SEAL: Court Allows Cash Collateral Use on Interim Basis
TRANSMAR COMMODITY: Taps Klestadt Winters as Conflicts Counsel
TROCOM CONSTRUCTION: Sale of Equipment to MFM for $43K Approved

TS EMPLOYMENT: Trustee Taps Jenner & Block as Special Counsel
TTC REAL ESTATE: Taps Madden Law Office as Legal Counsel
UNITED ROAD: Feb. 16 Meeting Set to Form Creditors' Panel
UNITED ROAD: Seeks Approval of $32.3-Mil. DIP Loan
VANGUARD NATURAL: Seeks to Hire Paul Hastings as Legal Counsel

VANGUARD NATURAL: Taps Evercore Group as Investment Banker
VANGUARD NATURAL: Taps Opportune as Restructuring Advisor
VAPOR CORP: Christopher Santi Retains President and COO Positions
VIP CINEMA: Moody's Assigns B2 Corporate Family Rating
VKI VENTURES: Court Moves Plan Filing Deadline to May 1

WELLDYNERX LLC: Moody's Affirms B3 Rating on First Lien Bank Debt
WET SEAL: Hilco Streambank to Sell Intellectual Property Assets
WILKINSON FLOOR: Case Summary & 20 Largest Unsecured Creditors
[^] BOND PRICING: For the Week from February 6 to 10, 2017

                            *********

1263 INVESTORS: Selling Oakdale Property for $435K
--------------------------------------------------
1263 Investors, LLC, asks the U.S. Bankruptcy Court for the Eastern
District of California to authorize the sale of real property of
the estate commonly known as 7318 Crane Road, Oakdale, California
("APN 063-26-04") for $435,000.

A hearing on the Motion is set for Feb. 23, 2017 at 10:30 a.m.

The Debtor came to own the Property as a foreclosing junior lien
holder.  The land in question is approximately a single family
residence located on approximately 5.18 acres located within the
City of Oakdale, California.

The Debtor is aware of these two liens secured by the property:

   a. The first priority secured claim of Nationstar Mortgage in
the approximate amount of $597,221.  This lien was originally
recorded on Sept. 24, 2004 in the amount of $480,000.

   b. The second priority secured claim of Bank of New York Mellon
in the approximate amount of $120,000.  This lien was originally
recorded on Oct. 13, 2004.  The Debtor is informed and believes
that this loan is currently serviced by Di Tech.

The Debtor has marketed the property for approximately 60 days
since obtaining approval of the employment of realtor on Feb. 4,
2016 (Docket No. 25).  In addition, a recent appraisal conducted by
Shane Rivers of High Sierra Real Estate Services and dated Dec. 29,
2015 arrived at a value of $486,500.

The Debtor anticipates obtaining the consent of the senior secured
creditor prior to the hearing on the proposed sale.  The Debtor had
previously obtained the consent of Nationstar to a "short sale"
however the various clouds on title created by the prior owner of
the property (not Bryan and Karen Henson) required a quiet title
action in Stanislaus County Superior Court.  That proceeding was
successfully concluded just prior to the filing of the current
case.  Pursuant to the court's order valuing collateral (docket no.
56) the second deed of trust holder is completely unsecured.

The Debtor asks the Court to authorize (i) the conclusion of the
proposed sale pursuant to the terms of the Purchase and Sale
Agreement dated April 1, 2016 and amended by Seller Counter Offer
No. 1 dated April 6, 2016 and Buyer Counter Offer No. 1 dated April
14, 2016 and accepted April 15, 2016 and amended June 2, 2016,
subject to modification at the time of the hearing on sale; and
(ii) the payments of realtor commissions and ordinary and customary
costs of sale.

                      About 1263 Investors

1263 Investors, LLC, sought Chapter 11 protection (Bankr. E.D.
Cal.
Case No. 16-90002) on Jan. 6, 2016.  The Debtor estimated both
assets and liabilities in the range of $500,000 to $1 million.
Stephen M. Reynolds, at Reynolds Law Corp., serves as counsel to
the Debtor.  The petition was signed by Daniel J. Shaw, the
company
manager.


ADRIAAN SCHILTKAMP: Creditors Seek Conversion, Trustee Appointment
------------------------------------------------------------------
US Income Partners, LLC, and US Assistance Fund, Inc., ask the U.S.
Bankruptcy Court for the Southern District of New York to enter an
order converting the Chapter 11 bankruptcy case of Adriaan
Schiltkamp and Robin Martorelli Schiltkamp to a case under Chapter
7 of the Bankruptcy Code, or, in the alternative, order the
appointment of a Chapter 11 Trustee.

USAF is a secured creditor of the Debtors holding a claim in an
amount in excess of $4.5 million.  USAF's claim is secured by a
second mortgage against the Debtors' townhouse located at 24 West
71st Street, in New York.  USIP is a secured creditor of the
Debtors holding a claim in excess of $5.5 million.  USIP's claim is
secured by, among other things, a judgment lien recorded against
the Debtor's Townhouse.

According to creditors, the Debtors have no income with which to
pay over $70,000 in monthly expenses, they have no ability to pay
for insurance on their property, or to pay to have the heat
maintained on their property.  The creditors pointed out that the
Debtors have acknowledged being delinquent in their post-petition
income and real estate taxes.  Therefore, the Creditors believe
that the conversion of the case to a Chapter 7 liquidation is
warranted.

The appointment of a Chapter 11 Trustee is also in the interests of
the Creditors because the goals of the Debtors and their Creditors
may not be aligned with regard to the sale of the Townhouse, the
creditors told the Court.  While the Debtors have repeatedly
asserted that it is their intention to sell their Townhouse in
order to pay creditors, it appears that they have no place else to
live and their efforts to sell to date have been unsuccessful, the
creditors asserted.

Adriaan Schiltkamp and Robin Martorelli Schiltkamp filed a Chapter
11 petition (Bankr. S.D.N.Y. Case No. 16-13037) on October 31,
2016, and are represented by:

         Joel Shafferman, Esq.
         SHAFFERMAN & FELDMAN, LLP
         E-mail: joel@shafeldlaw.com


ALERIS INTERNATIONAL: Moody's Affirms B3 Corporate Family Rating
----------------------------------------------------------------
Moody's Investors Service affirmed Aleris International Inc.'s B3
Corporate Family Rating (CFR), the B3-PD probability of default
rating, the B2 rating on the 9.5% senior secured notes and the Caa2
rating on the senior unsecured notes. The speculative grade
liquidity rating was affirmed at SGL-3. The outlook is developing.

Proceeds from the additional notes being issued under the existing
$550 million senior secured notes will be used for general
corporate purposes, including working capital and capital
expenditures.

Issuer: Aleris International Inc.

Affirmations:

-- Corporate Family Rating, Affirmed B3

-- Probability of Default Rating, Affirmed B3-PD

-- Speculative Grade Liquidity Rating, Affirmed SGL-3

-- $750m (including $200m add-on) Senior Secured Regular
Bond/Debenture due 2021, Affirmed B2 (LGD3)

-- Senior Unsecured Regular Bond/Debenture due 2020, Affirmed Caa2
(LGD5)

Outlook Actions:

-- Outlook, Remains Developing

RATINGS RATIONALE

Aleris' B3 CFR reflects the company's high leverage (8.9x for the
twelve months ended September 30, 2016) and weak debt protection
metrics (EBIT/interest of 0.6x for the comparable period), as a
result of pressure on performance in recent years from the
aerospace inventory overhang, tightened scrap spreads, and other
challenges in the company's markets both in North America and
Europe. In addition, major strategic investments have continued to
result in negative free cash flow. The company continues to invest
in its rolling mill at Lewisport, Kentucky in order to add
automotive body sheet capacity to its US operations. Initial
shipments are expected to begin in late 2017 with ramp up through
the balance of 2017 and into 2018. While this is expected to
benefit Aleris' overall product mix and provide for higher value
added product, material benefits from this expansion are not
expected until at least late 2018. However, the rating anticipates
continued improvement on a quarterly basis through 2017 although
leverage, while moderating, is likely to remain above 5.5x.

While the downtrend in the company's performance appears to have
bottomed, improvement in debt protection metrics and moderation in
the leverage position are expected to occur only gradually through
2017 and into 2018.

The rating considers Aleris' strong market position, end-market
diversification and value added capabilities, particularly in
aerospace and automotive products, as well as its long-term
customer relationships and adequate liquidity.

The developing outlook incorporates Aleris' announcement that it
has entered into a definitive agreement to be acquired by Zhongwang
USA LLC. Mr Liu Zhongtian is the majority owner and heads Zhongwang
USA LLC. The transaction is valued at $2.33 billion, which is
comprised of $1.11 billion in cash for equity plus $1.22 billion in
net debt.

The developing outlook reflects the lack of clarity surrounding the
acquisition in terms of how it will be financed, whether any change
in control is triggered, and what the impact on Aleris' capital
structure might be. Also captured in the outlook is the uncertainty
surrounding the strategic objectives of Zhongwang USA LLC and
execution on Aleris' growth strategy and investment requirements.

The transaction remains subject to regulatory approvals and other
closing conditions

The SGL-3 reflects the company's adequate liquidity profile, which
is supported by a $600 million (includes a $300 million European
Revolving Subcommitment) asset backed multi-currency revolving
credit facility (ABL) expiring on June 15, 2020. At September 30,
2016, the borrowing base supported roughly $431 million in
borrowings and approximately $251 million was available after
giving consideration to outstanding borrowings and Letters of
Credit issued. The ABL has a springing maturity to 60 days prior to
the maturity date of the 7.875% senior notes (November 1, 2020).
Liquidity is also supported by the company's $62 million cash
position at September 30, 2016. In addition, the ABS commitments
have an $80 million advance payment component, which will provide
support to the development expenditures at Lewisport. The company's
liquidity position together with proceeds from the tack-on
financing is expected to comfortably cover capital requirements.

Under Moody's loss given default methodology, the B2 rating on the
senior secured notes reflects their stronger position in the
capital structure provided by the security package, which includes
US plant, property and equipment, with the exception of the
Lewisport assets. The Caa2 rating on the unsecured notes reflects
the weaker position of the notes in the liabilities waterfall
behind the $600 million secured asset-based lending facility, the
senior secured notes, and priority accounts payable.

Upward rating movement is possible if the company can maintain
leverage, as measured by the debt/EBITDA ratio of no more than 5x
and EBIT/interest of at least 2x. The rating could be downgraded
should debt/EBITDA be sustained above 5.5x.

The principal methodology used in these ratings was Global Steel
Industry published in October 2012.

Headquartered in Beachwood, Ohio, Aleris is a global aluminum
rolled products company with operations in North America, Europe
and China. For the twelve months ended June 30, 2016, the company
reported revenues of $2.8 billion.



ALLIANCE ONE: Incurs $15.6 Million Net Loss in Third Quarter
------------------------------------------------------------
Alliance One International, Inc. filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss of $15.59 million on $454.53 million of sales and other
operating revenues for the three months ended Dec. 31, 2016,
compared to net income of $11.68 million on $491.13 million of
sales and other operating revenues for the three months ended
Dec. 31, 2015.

For the nine months ended Dec. 31, 2016, the Company reported
a net loss of $62.74 million on $1.10 billion of sales and other
operating revenues compared to a net loss of $35.39 million on
$1.17 billion of sales and other operating revenues for the same
period during the prior year.

As of Dec. 31, 2016, Alliance One had $2.03 billion in total
assets, $1.82 billion in total liabilities and $208.18 million in
total stockholders' equity.

Pieter Sikkel, chief executive officer and president, said "Our
results for the nine months ended December 31, 2016 include
increased full service volumes and prior crop inventory sales.
Improved performance throughout much of our global operations
offset a considerable portion of the impact created by adverse El
Nino weather, the stronger U.S. dollar and product mix that more
heavily favored byproducts this year.  Unfortunately, our
operations in Brazil, the U.S., and Tanzania were more heavily
affected by these factors and overshadowed operations with
improvement.

"While adverse El Nino weather conditions have led to reductions in
available current crop, there have been significant sales of prior
crop inventory.  At quarter end, inventory decreased $90.5 million
to $845.1 million when compared to the same period last year.  As a
result, we have significantly reduced uncommitted inventory and are
approaching our $50.0-$150.0 million stated range, with the
expectation to further decrease within the range by fiscal
year-end.  This will reduce net debt associated with working
capital.

"Our liquidity position is strong at $623.9 million as of December
31, 2016, comprised of $296.5 million of cash and $327.4 million of
available credit lines.  Accounts receivable and inventory
reductions generated $144.8 million of cash at December 31, 2016,
when compared to the same period end of the prior year.  Also,
during the quarter we refinanced our existing senior secured
revolving credit facility with the issuance of $275.0 million of
senior secured first lien notes due April 2021 and a $60.0 million
ABL credit facility that matures in January 2021.  As part of the
refinancing, we eliminated certain financial covenants that enhance
business flexibility.

"We have experienced some shipping delays in Turkey due to the
timing of crop purchases from farmers that will push sales and
profitability into next year.  Based on the current outlook for the
remainder of fiscal year 2017, revenue is anticipated to be in a
range of approximately $1,790.0 million to $1,840.0 million with
Adjusted EBITDA in a range of approximately $145.0-165.0 million
and Adjusted Leverage in a range of approximately 5.4x-5.9x.  Our
goal remains to purchase $25.0-$50.0 million per year of our more
expensive debt.

"While it is still early, as we look to next fiscal year, La Niña
weather patterns that support better global growing conditions are
present and should support crop size increases in a number of key
markets.  As such, initial reports indicate larger 2017 crops that
we have begun to purchase in Brazil and will start to purchase in
Africa during the quarter ending March 31, 2017, which are planned
to be sold during our fiscal year ending March 31, 2018.  The 2016
Brazilian Virginia flue crop was abnormally low at approximately
410 million kilos versus 570 in the prior year.  The 2017 crop is
anticipated to be approximately 50% larger at 600 million kilos and
current quality appears to be good and in line with expectations.
We are expecting similar positive crop size increases in other key
markets.

Mr. Sikkel, concluded, "I am confident in the underlying strength
of our Company and ability to navigate challenging industry
dynamics.  The impact of our implemented strategic initiatives
should be recognized as crop sizes return to more normal levels in
certain markets related to crops we are now buying and will sell
next fiscal year.  Additionally, our talented employees continue to
develop new, cost-effective solutions to meet changing customer
requirements.  Our customers are focused on their supply chains,
increasing regulation and changing nicotine consumption habits.
Supply chain simplification is a priority for them, and we have the
capabilities and infrastructure to further support our customers'
reversal of their partial vertical integration strategies.
Further, our agronomy and operational teams are well-positioned to
support manufacturers' next generation reduced risk products.
Continued focus on key strategic initiatives that support our
customers' growth strategies should drive improved long-term
shareholder value."

At Dec. 31, 2016, available credit lines and cash were $623.9
million, comprised of $296.5 million in cash and $327.4 million of
credit lines, of which $60.0 million was available under the ABL
credit facility for general corporate purposes and $262.0 million
of foreign seasonal credit lines in addition to $5.4 million
exclusively for letters of credit.  Borrowing is permitted under
the ABL credit facility only to the extent that, after
consideration of the application of the proceeds of the borrowing,
the Company's unrestricted cash and cash equivalents would not
exceed $180.0 million.  On Oct. 14, 2016, the $210.3 million senior
secured revolving credit facility was refinanced with a new $60.0
million ABL credit facility and $275.0 million of 8.5% senior
secured first lien notes.

The Company said it may in the future elect to redeem, repay, make
open market purchases, retire or cancel indebtedness prior to
stated maturity under its various global bank facilities and
outstanding public notes, as they may permit.

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

                     https://is.gd/4viAaW

                      About Alliance One

Alliance One International is principally engaged in purchasing,
processing, storing, and selling leaf tobacco.  The Company
purchases tobacco primarily in the United States, Africa, Europe,
South America and Asia for sale to customers primarily in the
United States, Europe and Asia.

Alliance One reported a net loss of $31.5 million on $261 million
of sales and other operating revenues for the three months ended
June 30, 2016, compared to a net loss of $25.95 million on $266.28
million of sales and other operating revenues for the three months
ended June 30, 2015.

                       *     *     *

As reported by the TCR on June 7, 2016, Moody's Investors Service
affirmed Alliance One International, Inc.'s 'Caa2' Corporate
Family Rating and revised the rating outlook to positive from
negative.  Alliance One's 'Caa2' Corporate Family Rating reflects
Moody's expectation that credit metrics and liquidity will remain
weak over the next 12 to 18 months.

The TCR reported on Aug. 2, 2016, S&P Global Ratings lowered its
corporate credit rating on Morrisville, N.C.-based Alliance One
International Inc. (AOI) to 'CCC' from 'CCC+'.  The rating outlook
is negative.


AMERICAN APPAREL: Gildan Completes Acquisition of Business
----------------------------------------------------------
Gildan Activewear Inc. on Feb. 8, 2017, disclosed that it has
completed the acquisition of the American Apparel(R) brand and
certain assets from American Apparel, LLC, (American Apparel).  On
January 10, 2017, Gildan emerged as the winner in the court
supervised auction to acquire the American Apparel(R) brand and
certain assets, subject to approval by the bankruptcy court and
other customary closing conditions.

                         About Gildan

Gildan -- http://www.gildan.com-- is a manufacturer and marketer
of quality branded basic family apparel, including T-shirts,
fleece, sport shirts, underwear, socks, hosiery, and shapewear.
The Company sells its products under a diversified portfolio of
company-owned brands, including the Gildan(R), Gold Toe(R),
Anvil(R), Comfort Colors(R), Alstyle(R), Secret(R), Silks(R),
Kushyfoot(R), Secret Silky(R), Peds(R), MediPeds(R) and Therapy
Plus(TM) brands.  Sock products are also distributed through the
Company's exclusive U.S. sock license for the Under Armour(R)
brand, and a wide array of products is also marketed through a
global license for the Mossy Oak(R) brand.  The Company sells its
products through two primary channels of distribution, namely
printwear and retail markets. The Company distributes its products
in printwear markets in the U.S., Canada, Europe, Asia-Pacific, and
Latin America.  In retail markets, the Company sells its products
to a broad spectrum of retailers primarily in the U.S. and Canada
and also manufactures for select leading global athletic and
lifestyle consumer brands.  Gildan owns and operates
vertically-integrated, large-scale manufacturing facilities which
are primarily located in Central America, the Caribbean Basin,
North America, and Bangladesh.  These facilities are strategically
located to efficiently service the quick replenishment needs of its
customers in the printwear and retail markets.  Gildan has over
48,000 employees worldwide and is committed to industry-leading
labour and environmental practices throughout the Company's supply
chain.

                   About American Apparel, LLC

American Apparel Inc. is one of the largest apparel manufacturers
in North America, employing 4,700 employees across 3 active
manufacturing facilities, one distribution facility and
approximately 110 retail stores in the U.S.  American Apparel and
its affiliates filed for Chapter 11 protection in October 2015,
confirmed a fully consensual plan of reorganization in January
2016, and substantially consummated that plan on Feb. 5, 2016.
Unfortunately, the business turnaround plan upon which the Debtors'
plan of reorganization was premised failed.

American Apparel LLC, along with five of its affiliates, again
sought bankruptcy protection (Bankr. D. Del. Lead Case No.
16-12551) on Nov. 14, 2016, with a deal to sell the assets.  The
petitions were signed by Bennett L. Nussbaum, chief financial
officer.

As of the bankruptcy filing, the Debtors estimated assets and
liabilities in the range of $100 million to $500 million each.  As
of the Petition Date, the Debtors had outstanding debt in the
aggregate principal amount of approximately $215 million under
their prepetition credit facility.  Additionally, the Debtors have
guaranteed one of its United Kingdom subsidiaries' obligations
under a $15 million unsecured note due Oct. 15, 2020, court
document shows.

The Debtors have hired Laura Davis Jones, Esq. and James E.
O'Neill, Esq., at Pachulski Stang Ziehl & Jones LLP as counsel;
Erin N. Brady, Esq., Scott J. Greenberg, Esq., and Michael J.
Cohen, Esq., at Jones Day as co-counsel; Berkeley Research Group,
LLC as financial advisors; Houlihan Lokey as investment banker; and
Prime Clerk LLC, as claims and noticing agent.

An Official Committee of Unsecured Creditors is represented by
lawyers at Bayard P.A. and Cooley LLP.

                           *     *     *

On November 14, 2016, the Debtors filed a motion to sell
substantially all of their assets.  On December 5, the Bankruptcy
Court entered an order approving bidding and auction procedures in
connection with such sale and on January 9-10, 2017, the Debtors
conducted an auction.  At the conclusion of this auction, the
Debtors selected Gildan Activewear SRL as the Successful Bidder for
the Debtors' intellectual property assets, wholesale inventory and
certain equipment.  In addition, the Debtors selected three
Successful Bidders for certain of their non-residential unexpired
leases.  Gildan bought the intellectual property and other assets
for $88 million.


ANGELS OF THE VALLEY: Efforts to Obtain Referrals Ongoing, PCO Says
-------------------------------------------------------------------
Constance Doyle, as Patient Care Ombudsman for Angels of the Valley
Hospice, LLC, has filed a Seventh Interim Report before the U.S.
Bankruptcy Court for the Central District of California for the
period of December 1, 2016, through January 31, 2017.

The PCO finds that all care provided to the patients by the Debtor
remains well within the standard of care.

The PCO reported that during the period, the census is 13-16.  The
PCO also noted that the Debtor's efforts to obtain referrals and
its preparations for the upcoming Joint Commission Survey are
ongoing. In January, the PCO noted that a very busy group were
diligently preparing for the anticipated Joint Commission Survey.

According to the Report, Dignity Hospital has been approached as a
referral facility and the Medical Director is visiting the Debtor
soon in the hopes of an agreement.

The PCO also informed that the Accountable Care Organization (ACO)
contract with the Debtor has been agreed upon and will begin in
April 2017. The ACO, a group participation, much like an HMO,
allows for a reduction in cost for Durable Medical Equipment (DME),
Pharmaceutical, etc.

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

         http://bankrupt.com/misc/cacb15-28771-97.pdf

Angels of the Valley Hospice Care, LLC, filed a Chapter 11 petition
(Bankr. C.D. Calif., Case No. 15-28771) on December 11, 2015, and
is represented by Julie J Villalobos, Esq., at Oaktree Law, in
Cerritos, California. At the time of filing, the Debtor had
$777,839 in total assets and $1.60 million in total liabilities.
The petition was signed by Emerald Argonza, CEO.


APRICUS BIOSCIENCES: Kopin Reports 0.4% Stake as of Dec. 31
-----------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Mitchell P. Kopin, Daniel B. Asher and Intracoastal
Capital LLC disclosed that as of Dec. 31, 2016, each of them may be
deemed to have beneficial ownership of 29,751 shares of Common
Stock of Apricus Biosciences, Inc., issuable upon exercise of a
warrant held by Intracoastal, and all those shares of Common Stock
represent beneficial ownership of approximately 0.4% of the Common
Stock, based on (1) 7,733,205 shares of Common Stock outstanding as
of November 8, 2016 as reported by Apricus plus (2) 29,751 shares
of Common Stock issuable upon exercise of the Intracoastal Warrant.
A full-text copy of the regulatory filing is available for free at
https://is.gd/ejTzyU

                   About Apricus Biosciences

Based in San Diego, California, Apricus Biosciences Inc
(NASDAQ:APRI) develops products in the areas of urology and
rheumatology.  The Company's drug delivery technology is a
permeation enhancer called NexACT.  The Company has over two
product candidates in Phase II development, fispemifene for the
treatment of symptomatic male secondary hypogonadism and RayVa for
the treatment of Raynaud's phenomenon, secondary to scleroderma.
The Company has a commercial product, Vitaros for the treatment of
erectile dysfunction (ED), which is in development in the United
States, approved in Canada and marketed throughout Europe.

Apricus reported a net loss of $19.02 million in 2015, a net loss
of $21.8 million in 2014 and a net loss of $16.9 million in 2013.

As of Sept. 30, 2016, Apricus had $8.41 million in total assets,
$15.94 million in total liabilities and a total stockholders'
deficit of $7.53 million.

BDO USA, LLP, in La Jolla, California, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has negative working
capital and has suffered recurring losses and negative cash flows
from operations that raise substantial doubt about its ability to
continue as a going concern.


ATLAS DISPOSAL: Taps Aimino & Dennen as Special Counsel
-------------------------------------------------------
Atlas Disposal Options Inc. seeks approval from the U.S. Bankruptcy
Court for the District of New Jersey to hire Aimino & Dennen, LLC
as special counsel.

Walter Dennen, Esq., will provide legal advice to the Debtor
related to environmental issues involving the New Jersey Department
of Environmental Protection.

The hourly rates charged by the firm are:

     Walter Dennen     $270  
     Michael Aimino    $260  
     Law Clerk          $65    
     Paralegal          $95

Walter Dennen, Esq., disclosed in a court filing that his firm is
"disinterested" as defined in section 101(14) of the Bankruptcy
Code.

The firm can be reached through:

     Walter B. Dennen, Esq.
     Aimino & Dennen, LLC
     40 Newton Avenue
     Woodbury, NJ 08096
     Office: 856-686-9100
     Fax: 856-686-9147

                  About Atlas Disposal Options

Atlas was formed to offer environmental contractors and industrial
clients a single source for all their disposal needs.  The Debtor
facilitates transportation and disposal of almost any waste stream,
utilizing its own trucks, personnel and equipment to transport and
dispose of any petroleum, sanitary or hazardous waste.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. N.J. Case No. 16-19253) on May 12, 2016.  The
petition was signed by Paul Masser, president.  

The case is assigned to Judge Vincent F. Papalia.  Todd S. Marrazzo
serves as the Debtor's accountant.

At the time of the filing, the Debtor disclosed $347,640 in assets
and $1.05 million in liabilities.


AURA SYSTEMS: Amends 2013 Purchase Agreement Transaction Documents
------------------------------------------------------------------
Aura Systems, Inc., on Jan. 30, 2017, entered into a First
Amendment to Transaction Documents with five parties, pursuant to
which a Securities Purchase Agreement dated May 6, 2013, among the
Company, the Signatories, and two other parties has been amended.
Pursuant to the 2013 Purchase Agreement, Aura Systems offered and
sold convertible notes and warrants to the Signatories and the two
other parties.  The Buyers purchased an aggregate of approximately
$4.9 million principal amount of convertible notes and warrants to
purchase shares of common stock.  As part of the 2013 transaction,
the Company entered into a security agreement dated on or about
May 7, 2013, with the Buyers pursuant to which the Buyers were
granted a security interest in all of the Company's assets except
its patents and any other intellectual properties in order to
secure performance of the convertible notes.

Section 11.11 of the 2013 Purchase Agreement provides that the 2013
Purchase Agreement or the other Transaction Documents can be
amended by a written instrument signed by the Company and by the
"Required Buyers," provided that the amended provisions apply to
all Buyers equally.  The 2013 Purchase Agreement defines "Required
Buyers" as Buyers holding or having the right to acquire at least
75% of the shares of the Company's common stock issuable upon
conversion of the convertible notes and exercise of the warrants.
The Signatories hold or have the right to acquire at least 75% of
the shares of the Company's common stock issuable upon conversion
of the convertible notes and exercise of the warrants.

The Amendment amends the 2013 Purchase Agreement and the Original
Security Agreement, replaces the convertible notes with "Amended
Notes" and replaces the warrants with "Amended Warrants."  The
Covenants section of the 2013 Purchase Agreement is replaced by the
covenants set forth in the Amendment, which provide in part for:
the conduct of the Company's business; the prohibition of
"Fundamental Transactions" as defined in the 2013 Purchase
Agreement unless the successor entity assumes the obligations of
Registrant under the Amended Notes and other Transaction Documents;
and the granting of "piggyback" registration rights to the Buyers
subject to standard limitations.  The Company also is obligated to
file with the Securities and Exchange Commission by March 15, 2017,
a preliminary proxy statement for a stockholders meeting at which
the Company will seek stockholder approval of resolutions to (i)
elect a new board of at least five directors, (ii) approve a
reverse stock split of up to 1-for-7, and (iii) if required by
applicable law, approve an exempt offering of securities.  The
Company is obligated to use its best efforts to solicit stockholder
approval of such resolutions, and must hold the stockholder meeting
promptly following the mailing of the definitive proxy statement.
In addition, the Amendment waives any and all events of default
under the Transaction Documents existing on or prior to Jan. 30,
2017, and amends the Defaults and Remedies section of the 2013
Purchase Agreement.

The Amended Notes provide that all accrued and unpaid interest
thereon through Oct. 31, 2016, be added to the principal amount of
the Amended Notes.  The Amended Notes bear interest at the rate of
0% until May 1, 2017, and 16% per annum thereafter, subject to
reduction to comply with applicable law, and mature in 60 months.
Upon certain financings, the Company is obligated to make a payment
to the holders.  Immediately upon the effectiveness of the
Authorized Reverse Stock Split, there shall be a mandatory
conversion of 80% of the then-unpaid principal of and all of the
then-accrued but unpaid interest on the Amended Notes.  After the
effectiveness of the Authorized Reverse Split, and so long as any
portion of the Amended Notes are outstanding, the holders thereof
may convert the unpaid principal and interest thereon into the
Company's Common Stock at the voluntary conversion price of $0.20
per share.

In addition, the warrants and Original Security Agreement were
amended by the Amendment.

Meanwhile, the Company currently is delinquent in filing its Annual
Reports on Form 10-K and Quarterly Reports on Form 10-Q, and
consequently neither the narrative nor the financial information
contained in the most recent those reports should be relied upon as
presenting a materially accurate description of the current
business or financial condition of the Registrant.  The Company
said it will seek to become current in its filings with the
Securities and Exchange Commission as soon as reasonably
practicable.

                       About Aura Systems

El Segundo, Calif.-based Aura Systems, Inc., designs, assembles
and sells the AuraGen(R), its patented mobile power generator that
uses a prime mover such as the engine of a vehicle to generate
power.

Aura Systems incurred a net loss of $13.9 million for the year
ended Feb. 28, 2014, as compared with a net loss of $15.1 million
for the year ended Feb. 28, 2013.

The Company's balance sheet as of Aug. 31, 2014, showed $1.45
million in total assets, $35.07 million in total liabilities and
$33.6 million in total stockholders' deficit.

Kabani & Company, Inc., in Los Angeles, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Feb. 28, 2014.  The independent
auditors noted that the Company has historically incurred
substantial losses from operations, and may not have sufficient
working capital or outside financing available to meet its planned
operating activities over the next twelve months.  These
conditions raise substantial doubt about the Company's ability to
continue as a going concern.


AUTHENTIDATE HOLDING: Terminates Interim CFO; Eliminates COO Post
-----------------------------------------------------------------
Authentidate Holding Corp. terminated its employment, effective
Jan. 31, 2017, of Thomas P. Leahey, who had served as the Company's
interim chief financial officer, treasurer and principal accounting
officer since March 3, 2016.  The Company has not entered into any
compensatory or severance arrangements with Mr. Leahey in
connection with Mr. Leahey's termination.  As Mr. Leahey's services
were provided to the Company pursuant to an engagement agreement
between the Company and Windham Brannon, P.C., the Company also
terminated its agreement with Windham Brannon effective as of Jan.
31, 2017, as disclosed in a Form 8-K report filed with the
Securities and Exchange Commission on Feb. 6, 2017.

In addition, on Jan. 31, 2017, the Company determined to eliminate
the position of chief operating officer effective immediately.
Accordingly, the Company's employment of William P. Henry, who has
been serving as the Company's chief operating officer since Jan.
27, 2016, terminated effective as of Jan. 31, 2017.  Pursuant to
compensatory arrangements previously entered into between the
Company and Mr. Henry, Mr. Henry may be entitled to certain
severance payments and benefits following the termination of his
employment.  As of Feb. 6, 2017, the Company has not entered into
any new agreements with Mr. Henry pertaining to any post-employment
compensation arrangements.  Upon the Company's entering into any
such arrangements in the future, the material terms of such
arrangements will be disclosed in a subsequent filing.  Mr. Henry,
who has also served as a member of the Company's Board of Directors
since June 18, 2015, continues to remain on the Board of Directors
at the present time.

The Company appointed Hanif A. Roshan, who currently serves as the
Company's chief executive officer and Chairman of the Board, as its
interim principal accounting officer, effective Jan. 31, 2017.  Mr.
Roshan will serve in this capacity until such time as the Company
appoints a new chief financial officer.  Mr. Roshan has served as
the Company's chief executive officer since Aug. 7, 2016, and will
continue in this role.  No new compensatory or severance
arrangements were entered into in connection with Mr. Roshan's
appointment as interim principal accounting officer.

                      About Authentidate

Authentidate Holding Corp. and its subsidiaries provide secure
web-based revenue cycle management applications and telehealth
products and services that enable healthcare organizations to
increase revenues, improve productivity, reduce costs, coordinate
care for patients and enhance related administrative and clinical
workflows and compliance with regulatory requirements.  The
Company's web-based services are delivered as Software as a Service
(SaaS) to its customers interfacing seamlessly with billing,
information and document management systems.  These solutions
incorporate multiple features and security technologies such as
business-rules based electronic forms, intelligent routing,
transaction management, electronic signatures, identity
credentialing, content authentication, automated audit trails and
remote patient management capabilities.  Both web and fax-based
communications are integrated into automated, secure and trusted
workflow solutions.

Authentidate reported a net loss of $9.7 million on $3.68 million
of total revenues for the year ended June 30, 2015, compared to a
net loss of $7.14 million on $5.55 million of total revenues for
the year ended June 30, 2014.

As of March 31, 2016, Authentidate had $55.2 million in total
assets, $11.5 million in total liabilities and $43.7 million in
total shareholders' equity.

EisnerAmper LLP, in New York, issued a "going concern"
qualification on the consolidated financial statements for the year
ended June 30, 2015, citing that the Company's recurring losses
from operations and negative cash flows from operations raise
substantial doubt about its ability to continue as a going concern.


AVAYA INC: Reports Financial Results for Fiscal Qtr. Ended Dec. 31
------------------------------------------------------------------
Avaya Inc. on Feb. 8, 2017, reported financial results for the
first fiscal quarter ended December 31, 2016.

Total revenue for the first quarter was $875 million, down $83
million compared to the prior quarter due to lower hardware and
networking revenue as a result of seasonality and extended
procurement cycles.  First quarter revenue was also down $83
million year-over-year, due to lower demand for unified
communications hardware and associated maintenance and professional
services and extended procurement cycles.  Non-GAAP gross margin
was 61.5%, a first fiscal quarter record, which compares to 61.8%
for the prior quarter and 61.3% for the first quarter of fiscal
2016.  GAAP operating income was $65 million, which compares to a
loss of $428 million in the prior quarter and income of $91 million
during the first quarter of fiscal 2016. Non-GAAP operating income
was $187 million which compares to $229 million for the prior
quarter and $185 million for the first quarter of fiscal 2016.  For
the quarter, adjusted EBITDA(1) was $238 million or 27.2% of
revenue, a record percentage of revenue for first fiscal quarter
results, and compares to adjusted EBITDA of $284 million for the
prior quarter and $228 million for the first quarter of fiscal
2016.

Cash used for operating activities was $44 million for the first
fiscal quarter 2017 due primarily to payments associated with
higher advisory fees and company employee incentive plans.  Cash
and cash equivalents totaled $209 million as of December 31, 2016,
a decrease of $127 million from the prior quarter and $135 million
lower from the first quarter of fiscal 2016.  Subsequent to the
first fiscal quarter 2017, Avaya entered into a
debtor-in-possession (DIP) financing of $725 million, and made an
initial draw of $425 million.  This DIP financing, combined with
the company's cash from operations, was sized to provide sufficient
liquidity during chapter 11 to support ongoing business operations
and minimize disruption.

"By taking the necessary action to address our capital structure,
we are better positioned to strengthen our successful software and
services portfolios," said Kevin Kennedy, president and CEO.
"Avaya's transformation continues as our product portfolio evolves
to a richer mix of software and service platforms."

"We will continue to invest in market leading products and services
for our customers in 2017, and deliver competitive differentiated
service and support," continued Mr. Kennedy.  "As we progress
through fiscal 2017, we remain focused on increasing value for all
of our stakeholders."

First Fiscal Quarter Highlights

   -- Company book-to-bill was approximately 1. Total bookings for
the first fiscal quarter decreased 15% from the prior quarter and
were 8% below the prior year in constant currency, reflecting
extended procurement cycles

   -- Estimated total contract value was approximately $3 billion,
which is flat from the first quarter of fiscal 2016 in constant
currency and adjusted for a prior-period de-booking.  This amount
includes $716 million for private cloud and managed services, a 6%
decrease from the first quarter of fiscal 2016 in constant currency
and adjusted for a prior-period de-booking

   -- Net Promoter Score of 57 for customer satisfaction driven by
industry-leading service and support

   -- Product revenue of $401 million decreased 14% from the prior
quarter and 13% year-over-year, service revenue of $474 million
declined 2% sequentially and 3% year-over-year, each in constant
currency

   -- Cloud and managed services revenue grew 1% year-over-year and
networking improved 20% year-over-year, each in constant currency

   -- Software and services accounted for more than 76% of total
revenue in first quarter 2017

   -- Recurring revenue represented approximately 54% of total
revenue, up from 50% year-over-year, in constant currency

   -- Gross margin was 60.9%, flat compared to the prior quarter,
and up slightly from 60.4% for the first quarter of fiscal 2016

  -- Non-GAAP gross margin was 61.5% compared to 61.8% for the
prior quarter and 61.3% for the first quarter of fiscal 2016

  -- Adjusted EBITDA was $238 million or 27.2% of revenue, a record
percentage of revenue for first fiscal quarter results, compared to
$284 million or 29.6% of revenue for the prior quarter and $228
million or 23.8% of revenue for the first quarter of fiscal 2016

  -- For the first fiscal quarter, percentage of revenue by
geography was:

     - U.S. -- 53%
     - EMEA -- 27%
     - Asia-Pacific -- 10%
     - Americas International -- 10%

Conference Call and Webcast

Avaya will not host a conference call and webcast to discuss its Q1
2017 financial results.

Links to this financial results press release and accompanying
slides are all available on the investor page of Avaya's website at
http://www.avaya.com/investors

                             About Avaya

Avaya Inc., together with its affiliates, is a multinational
company that provides communications products and services,
including, telephone communications, internet telephony, wireless
data communications, real-time video collaboration, contact
centers, and customer relationship software to companies of various
sizes.  The Avaya Enterprise serves over 200,000 customers,
consisting of multinational enterprises, small- and medium-sized
businesses, and 911 services as well as government organizations
operating in a diverse range of industries.   It has approximately
9,700 employees worldwide as of Dec. 31, 2016.

Avaya sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. S.D.N.Y. Case No. 17-10089) on Jan. 19, 2017.  Seventeen
Avaya affiliates also filed separate petitions, signed by Eric S.
Koza, CFA, chief restructuring officer, on Jan. 19, 2017.  Judge
Stuart M. Bernstein presides over the cases.

The Debtors have hired Kirkland & Ellis LLP as legal counsel,
Centerview Partners LLC as investment banker, Zolfo Cooper LLC as
restructuring advisor, PricewaterhouseCoopers LLP as auditor, KPMG
LLP as tax and accountancy advisor, The Siegfried Group, LLP as
financial services consultant.

The Debtors reported assets of $5.52 billion and debts of $6.35
billion as of Sept. 30, 2016.


BBB INDUSTRIES: Moody's Affirms B2 Corporate Family Rating
----------------------------------------------------------
Moody's Investors Service affirmed BBB Industries U.S. Holdings,
Inc.'s B2 Corporate Family Rating (CFR) and B2-PD Probability of
Default Rating (PDR) following the upsizing of its first lien term
loan. In the same rating action, Moody's downgraded the company's
first lien senior secured credit facilities' ratings to B2 from B1,
consisting of proposed amended and upsized $445 million first lien
term loan due 2021 (including $345 million existing and $100
million incremental term loan) and a $70 million revolving credit
facility due 2019.

The rating action follows the announcement that BBB will amend its
senior secured credit facility and increase the outstanding first
lien term loan by $100 million. The proceeds of the incremental
first lien term loan will be used to retire the company's existing
senior secured second lien term loan due 2022. Moody's expects to
withdraw the rating on the second lien term loan upon close of the
transaction.

The downgrade of the rating on BBB's first lien credit facilities
reflect the change in Moody's expectation of recovery given the
elimination of the benefit of the second lien term loan. The second
lien term loan would have absorbed losses ahead of the first lien
creditors in a bankruptcy scenario.

The affirmation of BBB's CFR reflects Moody's view that the
company's financial leverage will not be impacted by the amendment
of the credit agreement. While the company will see approximately
$3-5 million of annual cash interest cost savings associated with
this refinancing, it will also increase its amortization
requirements, thereby limiting the benefit to free cash flow.

Moody's took the following rating actions on BBB Industries U.S.
Holdings, Inc.:

Ratings affirmed:

Corporate Family Rating, affirmed at B2

Probability of Default Rating, affirmed at B2-PD

Ratings downgraded:

$70 million senior secured first lien revolving credit facility due
2019, downgraded to B2 (LGD3) from B1 (LGD3)

$295 million (to be upsized by $100 million) senior secured first
lien term loan due 2021, downgraded to B2 (LGD3) from B1 (LGD3)

$50 million senior secured first lien term loan due 2021,
downgraded to B2 (LGD3) from B1 (LGD3)

Ratings unchanged (to be withdrawn at the close of the
transaction):

$100 million senior secured second lien term loan due 2022

Outlook, remains stable

RATINGS RATIONALE

BBB's B2 CFR reflects Moody's expectation that the company will
continue to operate with high financial leverage (estimated around
5.7 times at December 31, 2016) and generate a breakeven to
modestly positive level of free cash flow. The rating is further
constrained by its modest scale in a fragmented and competitive
industry, high customer concentration and its North American
regional focus. The company has supplied rotating electrical
(starters and alternators) for over 20 years, steering parts to the
automotive aftermarket since 2010, and entered the brake caliper
business through an acquisition in 2013. While the company has
grown through new customer wins and acquisitions over recent years,
it operates in a competitive marketplace with a number of similarly
sized competitors. Further weighing on the rating is the high level
of customer concentration with the top three customers representing
nearly 60% of the company's revenue. BBB's reliance on financial
draft programs also constrain the current rating. Supporting the
rating is the non-discretionary nature of the company's replacement
products, which are required for vehicle operation. As such, BBB is
expected to benefit from the increasing number and age of
registered passenger cars in North America. BBB's operating
performance over the near-term is expected to benefit from
favorable industry dynamics as well as new business wins with key
customers across the company's three product lines: rotating
electrical, steering, and calipers.

The stable rating outlook reflects Moody's expectation that the
company will continue to see modest revenue and EBITDA growth from
new business and improving operating margins over the next 12-18
months. Moody's also expects the company to maintain adequate
liquidity over the near term.

Developments that could lead to a lower rating include
deterioration in automotive aftermarket conditions which are not
offset by cost saving actions, profit pressures from revisions to
the U.S. Tax Code or trade agreement resulting in EBITA-to-interest
expense below 2.0 times or debt-to-EBITDA sustained above 6.0
times. An inability to onboard new business efficiently or a
deterioration in the company's liquidity profile, including
sustained negative free cash flow generation or inability to renew
customer finance draft programs could also lead to a downgrade.
Additionally, debt financed acquisitions or shareholder returns
could also result in a lower rating.

While not anticipated in the near term, considerations that could
lead to a change in outlook or upgrade of the rating include
continued improvement in scale and further customer
diversification, given the high level of customer concentration. An
upgrade would also require an improvement in operating performance
supporting the company's ability to maintain EBITA-to-interest
expense over 3.5 times and debt-to-EBITDA under 4.0 times, using
free cash flow to reduce debt on a consistent basis rather than for
shareholder returns.

The principal methodology used in these ratings was Business and
Consumer Service Industry published in October 2016.

BBB Industries U.S. Holdings, Inc., parent of BBB Industries,
headquartered in Daphne, Alabama, is a leading supplier of new and
remanufactured automotive replacement parts to the North American
automotive and light truck OEM and aftermarket. The company's
products include starters, alternators, brake calipers, and power
steering components. BBB is majority owned by affiliates of
Pamplona Capital Management. For the last twelve month period ended
September 30, 2016, the company generated approximately $444
million in net revenue.


BINDER MACHINERY: Seeks to Hire Bederson as Accountant
------------------------------------------------------
Binder Machinery Co., LLC seeks approval from the U.S. Bankruptcy
Court for the District of New Jersey to hire an accountant.

The Debtor proposes to hire Bederson LLP to prepare and file its
2016 tax returns.

The hourly rates charged by the firm are:

     Partners                 $390 - $515
     Managers                 $300 - $325
     Senior Accountants              $260
     Semi Sr. Accountants     $220 - $225
     Para Professional               $165

Bederson does not hold or represent any interest adverse to the
Debtor's bankruptcy estate and is "disinterested" as defined in
section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Charles N. Persing
     Bederson LLP
     347 Mt. Pleasant Avenue
     West Orange, NJ 07052

                  About Binder Machinery

Headquartered in South Plainfield, New Jersey, Binder Machinery Co,
LLC, is a seller of heavy construction machinery including
aggregate equipment, paving machines, cranes, telehandlers and
purpose-built material handlers.  Komatsu, Wirtgen, Hamm, Vogele,
Sennebogen, SANY, Kinshofer, and Chicago Pneumatic are among the
manufacturers for whom Binder and Rocbin Investment Corp., its
subsidiary, provide distributor services.

The Company was founded in 1957 by the late Walter Binder.  It
employs 87 individuals and enjoys a customer base of approximately
4,000 construction contractors.

Binder Machinery Co, LLC, sought Chapter 11 protection (Bankr.
D.N.J. Case No. 16-28015) on Sept. 20, 2016.  Judge Kathryn C.
Ferguson is assigned to the case.  The petition was signed by
Robert C. Binder, manager, chief executive officer.

The Debtor estimated assets and liabilities in the range of $10
million to $50 million.

The Debtor tapped Anne Marie Aaronson, Esq., and Catherine G.
Pappas, Esq., at Dilworth Paxson, LLP, as counsel.  Phoenix Capital
Resources serves as its financial advisor and investment banker.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors in the case.  The committee is represented by
Saul Ewing LLP.  CBIZ Accounting, Tax and Advisory of New York, LLC
serves as the committee's financial advisor.


BIOSTAGE INC: Amends Common Shares, Warrants Prospectus with SEC
----------------------------------------------------------------
Biostage, Inc., filed with the Securities and Exchange Commission
an amended Form S-1 registration statement relating to the offering
of up to 7,936,508 shares of common stock, together with warrants
to purchase 10,582,011 shares of common stock (and the shares
issuable from time to time upon exercise of the warrants) at a
combined purchase price of $___ pursuant to this prospectus.  The
shares and warrants will be separately issued but will be purchased
together in this offering.  Each warrant will have an exercise
price of $ _____ per share, will be exercisable upon issuance and
will expire five years from the date on which such warrants were
issued.

The Company is also offering to those purchasers, whose purchase of
shares of common stock in this offering would result in the
purchaser, together with its affiliates and certain related
parties, beneficially owning more than 4.99% of the Company's
outstanding common stock following the consummation of this
offering, the opportunity to purchase, if they so choose, in lieu
of the shares of its common stock that would result in ownership in
excess of 4.99%, shares of Series C Convertible Preferred Stock,
convertible at any time at the holder's option into a number of
shares of common stock equal to $1,000 divided by the combined
public offering price per share of common stock and warrant, at a
public offering price of $1,000 per share of Series C Preferred
Stock.  

The Company's common stock is listed on the NASDAQ Capital Market
under the symbol "BSTG."  On Feb. 2, 2017, the closing price for
the Company's common stock, as reported on the NASDAQ Capital
Market, was $0.756 per share.  The warrants and any shares of
Series C Preferred Stock that the Company will issue are not and
will not be listed for trading on the NASDAQ Capital Market.

A full-text copy of the preliminary prospectus is available at:


                      https://is.gd/6axDW2

                         About Biostage

Biostage, Inc., formerly Harvard Apparatus Regenerative Technology,
Inc., is a biotechnology company engaged in developing
bioengineered organ implants based on its Cellframe technology.  

Harvard Apparatus reported a net loss of $11.7 million for the year
ended Dec. 31, 2015, compared to a net loss of $11.06 million for
the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Biostage had $7.19 million in total assets,
$2.41 million in total liabilities and $4.78 million in total
stockholders' equity.

KPMG LLP, in Boston, Massachusetts, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has suffered recurring
losses from operations and will require additional financing to
fund future operations which raise substantial doubt about its
ability to continue as a going concern.


BLOCK COMMUNICATIONS: Moody's Hikes Rating on $500MM Notes to Ba3
-----------------------------------------------------------------
Moody's Investors Service upgrades Block Communications, Inc.'s
proposed new $500 million unsecured notes issuance to Ba3 from B1.
Proceeds from the transaction will be used to refinance the
company's existing secured term loan B and unsecured notes. The
upgrade of the notes reflects the change to the capital structure
which is mostly dominated by one class of debt consisting of
unsecured notes. Block's Ba3 corporate family rating (CFR) and
Ba3-PD probability of default rating remain unchanged. The stable
outlook remains unchanged.

Upgrades:

Issuer: Block Communications, Inc.

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

RATINGS RATIONALE

The proposed transaction will favorably extend the maturity profile
of Block as the notes will be extended five years to 2025. It also
leaves almost all assets unencumbered.

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 publishing segment
(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 this rating 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.


BLUE BEE: Plan Filing Period Extended to May 17
-----------------------------------------------
Judge Sandra R. Klein of the U.S. Bankruptcy Court for the Central
District of California extended Blue Bee, Inc. d/b/a ANGL's
exclusive periods for filing a plan of reorganization and obtaining
acceptances to the plan to May 17, 2017 and July 17, 2017,
respectively.

The Debtor previously sought the extension of its exclusive
periods, contending that given the retail nature of its business,
the future of many, if not all, of the Debtor's Retail Stores and
the Debtor's ultimate reorganization strategy hinge upon the
Debtor's evaluation of the Retail Stores and negotiations with its
landlords.

The Debtor further contended that while it had begun to undertake
the process of evaluating the financial performance of its Retail
Stores and negotiating with its landlords for rent concessions and
other lease modifications, the Debtor did not believe it would be
able to complete such evaluation and negotiations, and then
formulate and file a Plan, within its current exclusive period for
filing a Plan, which would expire on February 16, 2017, unless
extended.

The Debtor told that Court that to formulate a feasible Plan, the
Debtor required additional time to evaluate the post holiday sales
performance of the Retail Stores, to allow the proposed claims bar
date -- which the Debtor had requested that the Court establish as
March 31, 2017 -- to pass, and to carefully analyze the amount,
validity, and extent of the claims asserted against the Debtor
which must be addressed in the Plan.   

                   About Blue Bee, Inc.

Blue Bee, Inc., d/b/a ANGL, filed a chapter 11 petition (Bankr.
C.D. Cal. Case No. 16-23836) on Oct. 19, 2016.  The petition was
signed by Jeff Sungkak Kim, president.  The Debtor is represented
by Juliet Y. Oh, Esq., at Levene, Neale, Bender, Yoo & Brill LLP.
The case is assigned to Judge Sandra R. Klein.  The Debtor
estimated assets and liabilities at $1 million to $10 million.

The Debtor is a retailer doing business under the "ANGL" brand
offering stylish and contemporary women's clothing at reasonable
prices to its fashion-savvy customers.  As of the bankruptcy filing
date, the Debtor owns and operates 21 retail stores located
primarily in shopping malls throughout the state of California.
Since the opening of its first Retail Store in 1992 along Melrose
Avenue in Los Angeles, California, the Debtor has focused on
bringing designer fashion to a wider audience.


BOYSON INC: Wants to Use Revere High Cash Collateral
----------------------------------------------------
Boyson, Inc. seeks authorization from the U.S. Bankruptcy Court for
the District of the Virgin Islands to use cash collateral.

The Debtor has, among other things, provided ferry and other
transportation services within and between the U.S. Virgin Islands,
the British Virgin Islands and Puerto Rico.  The Debtor's sole
source of income is the revenue it generates from providing such
transportation services.

The Debtor's primary asset is a marine vessel, known as M/V Mister
B, which is currently in possession of either the Marshal of the
District Court of the Virgin Islands or the Custodian, Benjamin
Schwartz.

Concurrently with its Cash Collateral Motion, the Debtor has also
filed a motion seeking the turnover of the Vessel from either the
Marshall or the Custodian.  The Debtor contends that if it is
successful in the Turnover Motion, it intends to immediately put
the Vessel back to work in order to generate income for the estate.
The Court has scheduled a hearing on the Turnover Motion to take
place on February 7, 2017.

The Debtor is indebted to Revere High Yield Fund, LP, in the
principal amount of $2,835,000 pursuant to a certain note and
related loan documents.  Revere High asserts a security interest in
substantially all of the Debtor's assets, as well as significant
assets, including other vessels, owned by other third parties.

The Debtor contends that Revere High's interests in the Debtor's
assets are adequately protected by a substantial equity cushion of
several million dollars.  The Debtor further contends, however,
that it is prepared to grant Revere High replacement liens in its
post-petition assets to the extent there is any diminution in value
of Revere High's prepetition collateral, and only if and to the
extent that the Court finds the equity cushion to be inadequate.
Alternatively, the Debtor proposes to make periodic payments to
Revere High from the revenue it generates from its operations in an
amount to be determined by the Court.

The Debtor tells the Court that it must spend funds for its
ordinary and customary expenses, including but not limited to, fuel
for the Vessel, payroll, insurance, maintenance and costs
associated with transporting mail for the United States Postal
Service, and to preserve the value of the business.  The Debtor
adds that without such use of cash collateral, the Debtors would
not be able to operate the Vessel or generate any income and any
hope for a reorganization would be futile.

A full-text copy of the Debtor's Motion, dated February 2, 2017, is
available at https://is.gd/wUIPT1

                 About Boyson, Inc.

Boyson, Inc. is a family-owned business located in the U.S. Virgin
Islands that was formed in 1973. For many decades, the Debtor has,
among other things, provided ferry and other transportation
services within and between the U.S. Virgin Islands, the British
Virgin Islands and Puerto Rico.

Boyson, Inc. filed a Chapter 11 petition (Bankr. D.V.I. Case No.
17-30001), on January 25, 2017.  The Petition was signed by Cheryl
Boynes-Jackson, vice president.  At the time of filing, the Debtor
estimated assets at $10 million to $50 million and liabilities at
$1 million to $10 million.

The Debtor is represented by Ryan C. Meade, Esq., at Quintairos,
Prieto, Wood & Boyer, P.A.  Scroggings & Williamson, P.C.  serves
as the Debtor's General Counsel.


BULOVA TECHNOLOGIES: Amends Form 10-K to Add Auditors' Report
-------------------------------------------------------------
Bulova Technologies Group, Inc., filed with the Securities and
Exchange Commission on Feb. 6, 2017, an amendment to its annual
report on Form 10-K for the fiscal year ended Sept. 30, 2016, as
the audit of the Company's annual financial statements contained
therein has now been completed.

The Company filed the amendment to include the report of
independent registered public accounting firm, and the required
certifications of the Company's principal executive officer and
principal financial officer that were not included in the original
10-K, as well as updated disclosures pertaining to the following:

  -- updated list of supplemental schedule of non-cash financing
     and investing activities

  -- disclosure of major customers in the transportation business
     segment

  -- updated accounting principal disclosure of fixed assests
     pertaining to capital leases

Stevenson & Company CPAS LLC, in Tampa, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Sept. 30, 2016, citing that the Company has
significant net losses and cash flow deficiencies.  Those
conditions raise substantial doubt about the Company's ability to
continue as a going concern, the auditors said.

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

                     https://is.gd/hsOfD5

                         About Bulova

Bulova Technologies Group, Inc., was originally incorporated in
Wyoming in 1979 as "Tyrex Oil Company".  During 2007, the Company
divested itself of all assets and previous operations.  During
2008, the Company filed for domestication to the State of Florida,
and changed its name to Bulova Technologies Group, Inc. and changed
its fiscal year from June 30 to September 30.

Bulova reported a net loss attributable to the Company of $8.06
million on $18.72 million of revenues for the year ended Sept. 30,
2016, compared to a net loss attributable to the Company of $5.44
million on $1.75 million of revenues for the year ended Sept. 30,
2015.

As of Sept. 30, 2016, Bulova had $19.39 million in total assets,
$45.44 million in total liabilities and a total shareholders'
deficit of $26.04 million.


CAMBER ENERGY: Extends Maturity of 'Rogers Loan' to April 30
------------------------------------------------------------
Camber Energy, Inc. entered into an amendment dated Jan. 31, 2017,
to the Second Amended Letter Loan Agreement and the Second Amended
Promissory Note, both dated Nov. 13, 2014, with Louise H. Rogers,
the Company's senior lender.  Pursuant to the Amendment, the
parties agreed to amend the (a) Nov. 13, 2014 Second Amended Letter
Loan Agreement and (b) Nov. 13, 2014, Second Amended Promissory
Note, by extending the maturity date thereunder from Jan. 31, 2017,
to April 30, 2017.  The Company also agreed to pay $9,000 to Rogers
and $9,000 to Robertson Global Credit, LLC, the servicer of the
Amended Note, in connection with its entry into the Amendment, as
disclosed in a Form 8-K report filed with the Securities and
Exchange Commission on Feb. 6, 2017.

                   About Camber Energy, Inc.

Based in Houston, Texas, Camber Energy (NYSE MKT: CEI) is a
growth-oriented, independent oil and gas company engaged in the
development of crude oil and natural gas in the Austin Chalk and
Eagle Ford formations in south Texas, the Permian Basin in west
Texas, and the Hunton formation in central Oklahoma.

Lucas Energy changed its name to Camber Energy, Inc., effective
Jan. 5, 2017, to more accurately reflect the Company's strategic
shift from its Austin Chalk and Eagleford roots to an expanding
addition of shallow oil and gas reserves with longer-lived,
lower-risk production profiles.

Lucas Energy reported a net loss of $25.4 million for the year
ended March 31, 2016, compared to a net loss of $5.12 million for
the year ended March 31, 2015.

As of Sept. 30, 2016, Lucas Energy had $71.32 million in total
assets, $53.58 million in total liabilities and $17.74 million in
total stockholders' equity.

Hein & Associates LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended March 31, 2016, citing that the Company has incurred
significant losses from operations and had a working capital
deficit of $9.6 million at March 31, 2015.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.


CAMBER ENERGY: Obtains $1 Million Financing from Director
---------------------------------------------------------
Camber Energy, Inc., borrowed on Jan. 31, 2017, $1,000,000 from
Alan Dreeben, who is one of the Company's directors, pursuant to a
short term promissory note.  The Short Term Note has a principal
balance of $1,050,000 (the $1,000,000 borrowed plus a 5% original
issue discount), accrues interest a 6% per annum and has a maturity
date of Jan. 31, 2018, and contains standard and customary events
of default.  The Short Term Note may be prepaid at any time without
penalty.  As additional consideration for Mr. Dreeben agreeing to
make the loan, the Company agreed to issue Mr. Dreeben 40,000
restricted shares of common stock, subject to the additional
listing of such shares on the NYSE MKT, as disclosed in a Form 8-K
report filed with the Securities and Exchange Commission on Feb. 6,
2017.

                     About Camber Energy

Based in Houston, Texas, Camber Energy (NYSE MKT: CEI) is a
growth-oriented, independent oil and gas company engaged in the
development of crude oil and natural gas in the Austin Chalk and
Eagle Ford formations in south Texas, the Permian Basin in west
Texas, and the Hunton formation in central Oklahoma.

Lucas Energy changed its name to Camber Energy, Inc., effective
Jan. 5, 2017, to more accurately reflect the Company's strategic
shift from its Austin Chalk and Eagleford roots to an expanding
addition of shallow oil and gas reserves with longer-lived,
lower-risk production profiles.

Lucas Energy reported a net loss of $25.4 million for the year
ended March 31, 2016, compared to a net loss of $5.12 million for
the year ended March 31, 2015.

As of Sept. 30, 2016, Lucas Energy had $71.32 million in total
assets, $53.58 million in total liabilities and $17.74 million in
total stockholders' equity.

Hein & Associates LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended March 31, 2016, citing that the Company has incurred
significant losses from operations and had a working capital
deficit of $9.6 million at March 31, 2015.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.


CENTORBI LLC: Seeks April 12 Plan Filing Period Extension
---------------------------------------------------------
Centorbi, LLC asks the U.S. Bankruptcy Court for the Eastern
District of Missouri to extend its exclusive periods for filing a
chapter 11 plan and obtaining acceptances to the plan through April
12, 2017 and June 12, 2017, respectively.

Absent an extension, the Debtor's exclusive plan filing period
would have expired on February 11, 2017.  The Debtor's exclusive
period for obtaining acceptances of its plan is set to expire on
April 12, 2017.

The Debtors contend that it would be reasonable to allow them the
requested extensions, given that their current efforts are focused
on obtaining financing, or other strategic alternatives, in order
to support their financial objectives and to meet the deadlines set
by their Agreed Order with Central Bank of Kansas City.

                   About Centorbi, LLC.

Centorbi LLC and Centorbi Custom Cabinetry, Inc. sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. E. D. Mo. Lead Case
No. 16-47459) on October 14, 2016.  The petitions were signed by
Derek T. Centorbi, authorized member.  

The cases are assigned to Judge Kathy A. Surratt-States.

At the time of the filing, Centorbi LLC estimated its assets and
liabilities at $1 million to $10 million.  Centorbi Custom
estimated assets of less than $1 million.



CEQUEL COMMUNICATIONS: S&P Affirms 'B' CCR; Outlook Positive
------------------------------------------------------------
S&P Global Ratings said that it affirmed all of its ratings on
Cequel Communications Holdings I LLC, including the 'B' corporate
credit rating, and revised the outlook to positive from stable.

The positive outlook reflects significant improvement in Cequel's
financial performance since the change in ownership and management
in late 2015.  S&P expects debt to EBITDA to be in the low-6x area
at year-end 2016 compared with its previous expectation of about
7x.  The company has aggressively cut costs and improved
profitability without a significant deterioration in penetration
rates.  In fact, broadband penetration grew to about 42% from 40% a
year ago.  Furthermore, free operating cash flow (FOCF) was
bolstered by growth in earnings and lower capital spending, which
have more than offset increased interest expenses.  However, S&P's
rating still incorporates a degree of uncertainty around Altice's
acquisition strategy in the U.S. and the effect that could have on
Cequel's credit profile, as well as how planned network upgrades
will affect cash flow.

S&P views favorably the recently announced strategy to deploy
fiber-to-the-home in the majority of its footprint over the next
five years.  S&P believes that could enable the company to maintain
and grow its market share, particularly considering the lack of
fiber competition in its markets.  However, it is unclear to S&P
how the company will fund this project without materially
increasing capital spending.

S&P also believes Altice has taken steps to address its
under-penetrated video subscriber base by investing in a more
integrated and functional user interface scheduled to be introduced
this year.  The company's video penetration is below the industry
average for an incumbent cable provider at 32.6% as of Sept. 30,
2016.  It has lost customers at a rate of about 4% annually, above
the industry average of about 1%-2% but slightly better than the
trends before the ownership change.

S&P believes Altice USA will continue to acquire properties in the
U.S. over the next few years as it looks to expand its footprint.
The company is exploring an IPO of a minority stake in the parent
entity Altice USA that could serve as currency for future
acquisitions.  In the event of an IPO, S&P will consider the
overall credit profile of the consolidated Altice USA group to
determine if a higher rating on Cequel is warranted. (The rating on
Cequel would be capped at the rating on the Altice USA group
because of the potential for the parent to extract cash from the
subsidiary in the event of financial distress.)

S&P's base-case assumes:

   -- Video subscribers decline by 3%-4% annually over the next
      few years;
   -- Video average revenue per user (ARPU) increases at around
      4%-5% percent per year;
   -- Video programming expenses increase at a high-single-digit
      percent rate on a per subscriber basis over the next few
      years;
   -- High-speed data (HSD) penetration increases about 50bp-100bp

      per year from 41.8%, with ARPU increasing at a high-single-
      digit percent rate over the next few years;
   -- EBITDA margins around 43%-44% in 2016 and 45%-46% in 2017
      due to cost synergies and growth in high-margin broadband
      sales, offset by declining video margin; and
   -- Excess cash flow is used for dividends.

These assumptions result in these credit metrics:

   -- Debt to EBITDA in the low-6x area in 2016 and about 5.5x in
      2017, due mostly to earnings growth;
   -- Funds from operations (FFO) to debt of between 10%-12% in
      2017; and
   -- FOCF to debt of 5%-7% in 2017.

S&P expects sources of liquidity to exceed uses by about 2.5x over
the next 12 months and for net sources to be positive, even with a
15% decline in forecast EBITDA.  However, based on the company's
financial risk management and the potential for dividends, S&P do
not expect Cequel to maintain significant excess liquidity over the
next year.

Principal liquidity sources:

   -- Cash balances of roughly $426 million as of Sept. 30, 2016.
   -- About $333 million available under its revolving credit
      facility as of Sept. 30, 2016; and
   -- FFO of about $800 million-$850 million over the next year.

Principal liquidity uses:

   -- $250 million used to repay a portion of the $500 million
      seller note at the holding company level paid on Oct. 26,
      2016.  The remainder is likely to be repaid over the next
      year;
   -- Capital expenditures between $425 million and $475 million
      over the next year; and
   -- Annual debt amortization of about $8 million under the term
      loan.

The positive outlook reflects S&P's expectation for continued
deleveraging over the next year, with debt to EBITDA around 5.5x in
2017, as the company continues to benefit from growth in HSD and
cost-cutting initiatives.  In addition, S&P expects the company to
generate healthy FOCF despite planned upgrades to the network, with
FOCF to debt between 5%-7% in 2017.

S&P could raise the rating if Cequel comfortably maintains leverage
below 7x with positive FOCF and no deterioration in subscriber
trends over the next year.  An upgrade would also require that
Altice's longer-term acquisition strategy in the U.S. would support
a higher rating on Cequel.

S&P could revise the outlook to stable if subscriber trends worsen
or planned network investments result in a significant increase in
capital spending, such that FOCF declines substantially.  S&P could
also revise the outlook to stable if leverage approaches 7x due to
a more aggressive financial policy that includes debt-financed
dividends.



CHARLES MICHAEL LUCAS: John Patrick Lowe Named Plan Trustee
-----------------------------------------------------------
Judge Tony M. Davis of the U.S. Bankruptcy Court for the Western
District of Texas entered an order granting the motion of First
State Bank Central Texas to appoint John Patrick Lowe as a Plan
Trustee for Charles Michael Lucas.

The Court ordered Mr. Lowe to liquidate the assets of the Debtor's
bankruptcy estate and pay the claims as approved by the Court.

Mr. Lowe is further ordered to have other powers, duties, and
responsibilities as further defined and approved by the Court.

Moreover, Michael P. Jayson, the Disbursing Agent, is ordered to
make no further disbursement of any funds in his possession until
further Order of the Court.

First State is represented by:

         Blake Rasner, Esq.
         HALEY & OLSON, P.C.
         100 Ritchie Road, Suite 200
         Waco, Texas 76712
         Tel.: (254) 776-3336
         Fax: (254) 776-6823
         Email: brasner@haleyolson.com

The Debtor is represented by:

         Leonard Harvey Simon, Esq.
         PENDERGRAFT & SIMON, LLP
         2777 Allen Parkway, Suite 800
         Houston, Texas 77019
         Tel: (713) 528-8555
         Fax: (832) 202-2801
         Email: lsimon@pendergraftsimon.com

The Chapter 11 bankruptcy case is In re: Charles Michael Lucas,
Case No. 12-12376-tmd (Bankr. W.D. Tex.).


CLARK-CUTLER-MCDERMOTT: Can Continue Using Cash Until March 31
--------------------------------------------------------------
Judge Christopher J. Panos of the U.S. Bankruptcy Court for the
District of Massachusetts authorized Clark-Cutler-McDermott Company
and CCM Automotive Lafayette LLC to continue using cash collateral
through March 31, 2017 on an interim basis.

Judge Panos acknowledged that the Debtors do not have sufficient
available sources of working capital to maximize the value for
their estates without the use of Cash Collateral.  He also
acknowledged that the Debtors have an immediate need for the use of
Cash Collateral to, among other things, permit the orderly and
efficient preservation and disposition of their assets for the
purpose of trying to maximize the recovery for all stakeholders.

The approved Budget reflects total disbursements $1,044,211,
excluding senior debt payoff, covering the week ending February 10,
2017 through week ending March 31, 2017.

Wells Fargo Bank, NA asserted a first priority lien against the
Debtors' assets, including its cash collateral, which secures the
Debtors' outstanding debt obligations to Wells Fargo under that
certain Term Loan.  General Motors LLC had also asserted a second
priority lien against the Debtors' assets, including its cash
collateral, which secures the Debtors' outstanding debt obligations
to General Motors.

Following the Petition Date, General Motors acquired the Senior
Debt and Senior Lien rights from Wells Fargo, such that General
Motors presently asserts first and second priority liens against
the Debtors' assets and cash collateral, which liens secure the
Senior and Junior Debt, respectively.

General Motors was granted additional and replacement continuing
valid, binding, enforceable, non-avoidable, and automatically
perfected postpetition security interests in and liens in and to
all property of the Debtors, including property purchased or
acquired with the Cash Collateral, together with any proceeds
thereof, as adequate protection for any post-petition diminution in
value resulting from the Debtors' use of Cash Collateral.

As further adequate protection, General Motors was granted
additional valid, binding, enforceable, non-avoidable, and
automatically perfected security interests in and liens on the real
property known as and located at 5 Fisher Street and 25 and 42
Hayward Street, Franklin, Massachusetts and 1465 Shattuck
Industrial Boulevard, Lafayette, Georgia, only to the extent that
the Adequate Protection Liens and other forms of adequate
protection afforded by the Debtors prove to be inadequate.

The Debtors were authorized to use cash collateral through the
earliest to occur of:

      (a) March 31, 2017;

      (b) confirmation of a chapter 11 plan; or

      (c) an Event of Default:

            (i) failure by the Debtors to perform, in any material
respect, any of the terms, provisions, conditions, covenants, or
obligations under the First Interim Order, Second Interim Order,
the Bridge Orders, Third Interim Order, or Fourth Interim Order;

            (ii) reversal, vacatur, or modification of the First
Interim Order, Second Interim Order, the Bridge Orders, Third
Interim Order, or Fourth Interim Order without the express prior
written consent of General Motors; or

            (iii) dismissal of the case or conversion of these
chapter 11 cases to a chapter 7 case, or appointment of a chapter
11 trustee, examiner with enlarged powers, or other responsible
person.

A further evidentiary hearing on the Debtors' Motion will be held
on March 31, 2017 at 10:00 a.m.  The deadline for the filing of
objections to the Debtors' Motion is set on March 22, 2017.  Any
proposed budget or amended orders must be filed by the Debtors on
or before March 17, 2017.

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

            About Clark-Cutler-McDermott Company

Clark-Cutler-McDermott Company's corporate headquarters are located
at 5 Fisher Street, Franklin, Massachusetts 02038, and CCM
Automotive Lafayette LLC, a wholly owned subsidiary of
Clark-Cutler-McDermott, has its principal place of business at 1465
Shattuck Industrial Boulevard, Lafayette, Georgia 30728.

Automobile parts manufacturer Clark-Cutler-McDermott Company and
its subsidiary CCM Automotive Lafayette LLC filed Chapter 11
petitions (Bankr. D. Mass. Case Nos. 16-41188 and 16-41189) on July
7, 2016.  The petitions were signed by James T. McDermott, CEO.
Judge Christopher J. Panos presides over the case.

The Debtors are represented by Charles A. Dale, III, Esq., David
Mawhinney, Esq. and Mackenzie Shea, Esq., at K&L Gates LLP.  The
Debtors tapped Conway MacKenzie Capital Advisors LLC as investment
banker; Sansiveri, Kimball & Co., LLP, as Tax Services Provider.

Each Debtor had estimated assets of $10 million to $50 million and
debt of $10 million to $50 million at the time of the chapter 11
filings.

The Office of the U.S. Trustee appointed the Official Committee of
Unsecured Creditors on July 20, 2016. The Committee has retained
Mintz Levin Cohn Ferris Glovsky and Popeo, P.C. as counsel.


CLARKE PROJECT: Wants Approval to Use Cash Collateral
------------------------------------------------------
Clarke Project Solutions, Inc. fka Cumming Clarke seeks
authorization from the U.S. Bankruptcy Court for the Central
District of California to use the cash collateral of Cumming
Construction Management, Inc.

The Debtor is requesting authority to use cash collateral on an
interim basis to continue operating its business and to fund its
payroll which is paid every two weeks in the estimated amount of
$130,000.  The payroll is scheduled for payment on February 10,
2017.

The Debtor relates that it has provided Cumming Construction with
its projected Cash Budget for the months of February through May
2017.  The Budget shows total indirect personnel labor expenses of
approximately $44,000, total office expenses in the aggregate
amount of $8,906.  The Budget also lists monthly insurance of
$14,851, payroll taxes of $20,000 per month, processing and admin
fees of $650 per month, other professional and outside services
expense totaling $18,000 per month, and other monthly expenses of
$30,900.

Cumming Construction alleges a secured claim of $248,000, which is
secured by an interest in substantially all the assets of the
Debtor and an unsecured claim of $191,000.  The Debtor, however,
asserts that no funds are owed to Cumming Construction, and, in
fact, the Debtor believes that Cumming Construction owes the Debtor
substantial sums as a result of its operation under the name Clarke
Project Solutions, Inc.

The Debtor proposes to use cash collateral through May 31, 2017
pursuant to the following terms and conditions:

        (1) The Debtor will deposit in a segregated
debtor-in-possession bank account $10,000 per month beginning March
2017. This payment is substantially more than accruing interest on
any claim that may be allowed in favor of Cumming Construction. No
payments will be made to Cumming Construction until its claims are
allowed by the Court and the Court enters an order authorizing
distribution of the funds.

        (2) Cumming Construction will be granted a replacement lien
as adequate protection to the same validity, priority and extent as
existed in its favor on the Petition Date.

        (3) The Debtor will provide Cumming Construction with
copies of monthly operating reports required to be submitted to the
Office of the U.S. Trustee, and monthly Budget reports comparing
the budgeted line items to actual collections and expenses.

A full-text copy of the Debtor's Motion, dated February 4, 2017, is
available at https://is.gd/is47ni

            About Clarke Project Solutions, Inc.

Clarke Project Solutions, Inc. fka Cumming Clarke filed a Chapter
11 petition (Bankr. C.D. Cal. Case No. 17-10402), on February 2,
2017.  The Petition was signed by Chris Clarke, president.  The
case is assigned to Judge Theodor Albert.  The Debtor is
represented by Pamela Jan Zylstra, Esq. at Pamela Jan Zylstra, A
Professional Corporation.  At the time of filing, the Debtor had $1
million to $10 million in estimated assets and $500,000 to $1
million in estimated liabilities.


COMSTOCK RESOURCES: Hodges Capital Holds 9.6% Stake as of Dec. 31
-----------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, these reporting persons disclosed beneficial ownership
of shares of common stock of Comstock Resources, Inc. as of
Dec. 31, 2016:

                                      Amount       Percent
  Reporting                        Beneficially      of
   Person                             Owned         Class
  ---------                        ------------    -------
Hodges Capital Holdings, Inc.        1,293,066       9.6%
Craig D. Hodges          1,293,066       9.6%
First Dallas Securities, Inc.        28,740          0.2%
Hodges Capital Management, Inc.     1,264,326       9.3%
Hodges Fund                719,220         5.3%
Hodges Small Cap Fund            322,000         2.3%
Hodges Pure Contrarian Fund        70,000          0.5%

The calculation of the percentage of beneficial ownership of the
Company's common stock is based upon 13,455,559 shares outstanding
on Nov. 9, 2016, as disclosed by the Company in its Quarterly
Report on Form 10-Q for the period ended Sept. 30, 2016.

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

                      https://is.gd/p3ZKMp

                     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.


CONGREGATION ACHPRETVIA: Has Until May 11 to File Chapter 11 Plan
-----------------------------------------------------------------
Judge Michael E. Wiles of the U.S. Bankruptcy Court for the
Southern District of New York extended Congregation Achpretvia Tal
Chaim Shar Hayushor, Inc.'s exclusive periods to file a plan of
reorganization and solicit acceptances to the plan, through May 11,
2017 and July 9, 2017, respectively.

The Troubled Company Reporter had earlier reported that the Debtor
asked the Court to extend its exclusivity periods in order to
provide the Debtor with sufficient time to obtain DIP financing and
formulate a plan without having to wait for the outcome of the
State Court Action.  

The Debtor related that 163 East 69 Realty LLC commenced an action
against it, seeking specific performance directing the Debtor to
seek authorization from the Supreme Court and the New York State
Attorney General to sell the Debtor's Property located at 163 East
69th Street, New York, NY pursuant to their Prepetition Contract.
However, the Prepetition Contract had neither been approved by the
Supreme Court nor by the Office of the New York State Attorney
General.

The Debtor also related that since its previous motion to extend
the Exclusive Periods, the Debtor and 163 East 69 Realty had agreed
to resolve 163 East 69 Realty's motion to dismiss by remanding the
State Court Action to the Supreme Court.  Consequently, the Debtor
continues to litigate the enforceability of the Prepetition
Contract in the Supreme Court and is currently opposing a motion
for partial summary judgment filed by 163 East 69 Realty.

In the meantime, the Debtor said it had signed a term sheet with a
prospective DIP Lender and was in the process of negotiating the
financing loan agreements and proposed financing orders, the
proceeds of the which would be used to (a) fund the maintenance and
preservation of the Debtor's Property, which includes, insurance
for the Property, maintenance costs associated with the Property,
(b) pay other administrative expenses, and (c) pay holders of
allowed claims in connection with a proposed plan.

               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.


CONTINENTAL RESOURCES: Moody's Alters Rating Outlook to Pos.
------------------------------------------------------------
Moody's Investors Service revised Continental Resources, Inc.'s
rating outlook to positive from stable. At the same time, Moody's
upgraded the company's Speculative Grade Liquidity (SGL) rating to
SGL-2 from SGL-3, affirmed its Ba3 Corporate Family Rating (CFR) ,
the Ba3-PD Probability of Default Rating (PDR), and the Ba3 senior
unsecured notes rating.

Upgrades:

Issuer: Continental Resources, Inc.

Speculative Grade Liquidity Rating, Upgraded to SGL-2 from SGL-3

Outlook Actions:

Issuer: Continental Resources, Inc.

Outlook, Revised to Positive from Stable

Affirmations:

Issuer: Continental Resources, Inc.

Probability of Default Rating, Affirmed Ba3-PD

Corporate Family Rating, Affirmed Ba3

Senior Unsecured Regular Bond/Debenture, Affirmed Ba3(LGD4)

"The outlook change reflects Continental's improving cash flow
based leverage metrics supported by the company's low production
costs that yield relatively strong margins," said Arvinder Saluja,
Moody's Vice President and Senior Analyst. "We expect that the
company will continue to reduce debt and improve its leverage
metrics as it grows production through 2017."

RATINGS RATIONALE

The outlook is positive given Moody's expectations that the company
will continue to reduce balance sheet debt in 2017 and the
company's leverage metrics will fall in line with its higher rated
peers. The ratings could be upgraded should the company reduce debt
further and if it can sustain RCF/Debt above 20% and a leveraged
full-cycle ratio (LFCR) approaching 1.5x while funding capital
spending through cash flow. The company's ratings could be
downgraded should retained cash flow to debt fall towards 10% or
the LFCR falls below 1x on a sustained basis.

Continental's Ba3 CFR is supported by the company's high quality
asset base and prominent position in the core of two major oil
producing plays, its relatively low finding and development costs,
its low lifting costs and strong margins relative to its Ba3 peers.
The rating also reflects management's target to be cash flow
neutral in 2017. The Ba3 CFR is constrained, however, by the
company's high level of debt, elevated leverage metrics, especially
with regards to debt to average daily production and debt to
developed reserves, geographic concentration, and its lack of oil
hedges.

Continental's SGL-2 Speculative Grade Liquidity Rating reflects
Moody's expectation of good liquidity through early 2018.
Continental has a $2.75 billion unsecured credit facility that
matures in May 2019. The company had approximately $920 million
drawn on its revolver at October 31, 2016 leaving almost $1.83
billion of available borrowing capacity. The company plans to
achieve cash flow neutrality in 2017. However, in case of some cash
flow outspend, Moody's expects that the company will be able to
easily fund it under its revolving credit facility. Based on its
good capital efficiency, reserve and production growth should keep
pace with any incremental debt. The credit facility requires
maintenance of a 65% net debt to capitalization ratio. Moody's does
not believe the covenant will limit the company's ability to access
its unused availability. Continental is expected to have
significant secondary liquidity as well, if needed, in terms of
potential asset monetization since Moody's expects it to have
significant proved reserves and PV-10 value. The revolver is
unsecured and its assets are unencumbered. Continental's next
maturity is November 2018, when its $500 million unsecured term
loan is due.

Continental's senior notes are unsecured and are rated Ba3, the
same as the CFR. The company's revolving credit facility and term
loan are also unsecured and rank pari passu with the senior notes.

Continental is an independent oil and natural gas exploration and
production (E&P) company with operations primarily in the Williston
Basin and the Midcontinent US, and is based in Oklahoma City,
Oklahoma.

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


CORNED BEEF EXPRESS: Taps Siegel & Reiner as Special Counsel
------------------------------------------------------------
Corned Beef Express, LLC seeks approval from the U.S. Bankruptcy
Court for the Southern District of New York to hire Siegel & Reiner
LLP as special counsel.

The firm will represent the Debtor in connection with its dispute
with 222 West 83rd Street LLC arising out of its lease for the
premises located at 2290 Broadway, New York.

Glenn Reiner, Esq., the attorney designated to represent the
Debtor, will be paid an hourly rate of $600.

Siegel & Reiner does not hold or represent any interest adverse to
the Debtor, according to court filings.

The firm can be reached through:

     Glenn Reiner, Esq.
     Siegel & Reiner
     900 Third Avenue, 17th Floor
     New York, NY 10022
     Phone: 212-447-5599
     Fax: 212-447-5549

                    About Corned Beef Express

Corned Beef Express, LLC operates a traditional New York
delicatessen in the Upper West Side neighborhood of Manhattan.  The
Debtor currently operates its business at 2290 Broadway, New York.

The Debtor filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y.
Case No. 16-12096) on July 22, 2016.  The petition was signed by
Arun Kumar, manager.  The Debtor is represented by Arnold Mitchell
Greene, Esq., at Robinson Brog Leinwand Greene Genovese & Gluck,
P.C.  

The Debtor estimated $100,001 to $500,000 in assets and $500,001 to
$1 million in liabilities.  The Debtor's principal place of
business is at 2290 Broadway, New York, New York.

No trustee, examiner or committee has been appointed in the
Debtor's case.


CORPORATE RESOURCE: Trustee Taps Jenner & Block as Special Counsel
------------------------------------------------------------------
James S. Feltman, chapter 11 trustee of both TS Employment, Inc.
and Corporate Resource Services, Inc., seeks approval from the
United States Bankruptcy Court for the Southern District of New
York to retain Jenner & Block LLP as special litigation counsel.

The Chapter 11 Trustee and Jenner have agreed that Jenner will
advise and represent the Trustee in connection with, and the scope
of Jenner's engagement and duties shall relate solely to, the
investigation, evaluation and prosecution of claims against the
Debtors' insiders, affiliates, lenders, and professionals, and such
additional persons as may be identified during the course of
Jenner's investigation. The scope of Jenner's representation will
not duplicate the efforts of the Trustee's general chapter 11
counsel, TSS (or any other counsel that has been retained by the
Trustee in these cases).

The ranges of ordinary and customary hourly rates in effect as of
January 1, 2017 for other Jenner professionals are:

     Partners                       $770 to $1250
     Counsel                        $625 to $750
     Associates                     $445 to $795
     Staff Attorneys                $380 to $480
     Discovery Attorneys            $175
     Electronic Litigation Support  $365
     Paralegals                     $305 to $365
     Project Assistants             $205 to $215

Vincent E. Lazar, a partner of Jenner & Block LLP, attests that
Jenner is a "disinterested person," as defined in section 101(14)
of the Bankruptcy Code, does not hold or represent an interest
adverse to the Debtors' chapter 11 cases, and Jenner's attorneys do
not hold or represent any interest adverse to the Debtors' chapter
11 cases or their estates.

Consistent with the United States Trustee's Appendix B—Guidelines
for Reviewing Applications for Compensation and Reimbursement of
Expenses Filed Under 11 U.S.C. Sect. 330 by Attorneys in Larger
Chapter 11 Cases (the "United States Trustee Guidelines"), which
became effective on November 1, 2013, Mr. Lazar states that:

     a. Jenner has agreed that it shall not be paid more than
$750,000 for its work during the claim investigation and evaluation
stage of the representation. Further, Jenner has agreed to a
contingency fee arrangement for work done in connection
with the prosecution of any claims.

     b. For purposes of additional disclosure, Jenner has not
previously represented the Trustee in these cases, including during
the twelve months preceding the Debtors' petition dates, nor has
Jenner represented the Trustee in any other case during the twelve
months preceding the Debtors' petition dates. However, Jenner has
represented him in his capacity as chapter 11 or 7 trustee in other
cases in the past.

     c. The Trustee has approved Jenner's budget and staffing plan,
which is reflected in the $750,000 investigation payment cap and
the contingency fee arrangement for the prosecution of claims
determined and agreed that they should be prosecuted by Jenner. Mr.
Lazar believes that the investigation fee payment cap and
contingency fee arrangement obviate the need for a more detailed
budget that would be appropriate in other cases billed on an hourly
basis.

The Firm can be reached through:

     Richard Levin
     Carl N. Wedoff
     JENNER & BLOCK LLP
     919 Third Avenue
     New York, NY 10022
     Tel: (212) 891-1600

                     About Corporate Resource Services

Corporate Resource Services, Inc., is a provider of corporate
employment and human resource solutions, headquartered in New York.
CRS leases its headquarters and does not own any real property.
About 90% of CRS shares are owned by Robert Cassera and the balance
are traded OTC.

As of Dec. 31, 2014, CRS was one of the largest employment staffing
companies in the U.S., providing employment and human resources
solutions for corporations with annual sales of about one billion
dollars. In February 2015, CRS began an orderly wind down of
operations after discovering that TS Employment, Inc., a privately
held company owned by Mr. Cassera, failed to remit tens of millions
of dollars of the Debtors' withholding taxes to taxingauthorities.

TS Employment Inc., a professional employer organization that
provided payroll-related services for CRS, sought Chapter 11
protection (Bankr. S.D.N.Y. Case No. 15-10243) in Manhattan on Feb.
2, 2015. TSE tapped Scott S. Markowitz, Esq., at Tarter Krinsky &
Drogin LLP, in New York, as counsel.  Realization Services Inc.
serves as the Debtor's consultant. The case is before Judge Martin
Glenn.

CRS and its subsidiaries sought Chapter 11 protection (Bankr. D.
Del. Lead Case No. 15-11546) on July 23, 2015, to complete their
orderly wind down of operations. The CRS Debtors tapped (a) Gellert
Scali Busenkell & Brown, LLC, as bankruptcy counsel, (b) Wilmer
Cutler Pickering Hale & Dorr LLP, as special counsel; (c) Carter
Ledyard & Milburn LLP, as special SEC counsel, (d) SSG Capital
Advisors as financial advisors and investment bankers, and (e) Rust
Omni LLC as claims agent.

CRS estimated $10 million to $50 million in assets and $50 million
to $100 million in debt.

The CRS Debtors' cases were transferred to New York (Bankr.
S.D.N.Y. Lead Case No. 15-12329), on August 18, 2015, and assigned
to Judge Martin Glenn.

James S. Feltman has been appointed as Chapter 11 trustee for the
CRS Debtors and for TS Employment, Inc. He has tapped Togut, Segal
& Segal LLP as counsel.


CTJH INVESTMENTS: Seeks Court Permission to Use Cash Collateral
---------------------------------------------------------------
CTJH Investments, LLC dba Party Plus Warehouse, dba Gayle’s
Wedding & Party Rentals, dba First Class Tuxedos seeks
authorization from the U.S. Bankruptcy Court for the Northern
District of Texas to use cash collateral.

The Debtor believes that its cash and inventory may be subject to
the lien of the Internal Revenue Service and certain secured
creditors.  The Debtor asserts that the continued use of cash and
the funds collected from accounts receivable is essential for
payment of its current operating expenses and continuation of the
estate's business.

The Debtor proposes to grant a lien on postpetition assets of the
same class as those in which there exists a properly perfected
prepetition security interest, which would secure the allowed
secured claims of claimants.  The Debtor further proposes to grant
the claimant an administrative claim in the amount that the
claimant's secured claim was diminished in the event that a
creditor's secured amount will be diminished by Debtor's use of
cash collateral.

The Debtor tells the Court that it intends to send copies of its
monthly operating reports as well as copies of its monthly
financial statements to the secured claimants.  The Debtor further
tells the Court that it will maintain its current level of
inventory at a level of no less than $210,111, and file all tax
returns as they come due and pay any liability due.

A full-text copy of the Debtor's Motion, dated February 2, 2017, is
available at https://is.gd/PfUQqH

               About CTJH Investments, LLC

CTJH Investments, LLC dba Party Plus Warehouse, dba Gayle’s
Wedding & Party Rentals, dba First Class Tuxedos sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. N. D. Texas Case
No. 17-50019) on January 23, 2017.  The Petition was signed by
David Hodges, Managing Member.  The case is assigned to Judge
Robert L. Jones.  The Debtor is represented by Max R. Tarbox, Esq.
at Tarbox Law, P.C.  At the time of filing, the Debtor had $100,000
to $500,000 in estimated assets and $500,000 to $1 million in
estimated liabilities.


D.L.A. OWNERSHIP: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of D.L.A. Ownership Corp. as of
Feb. 10 according to a court docket.

D.L.A. is represented by:

     Richard S. Feinsilver, Esq.
     One Old Country Road, Suite 125
     Carle Place, NY 11514
     Phone: 516-873-6330
     Email: feinlawny@yahoo.com

                     About D.L.A. Ownership

D.L.A. Ownership Corp. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D.N.Y. Case No. 16-75818) on December 14,
2016.  The petition was signed by Michael N. Alexander, president.


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


DCCS LLC: Seeks Court Approval to Use FFB Cash Collateral
---------------------------------------------------------
DCCS, LLC asks the U.S. Bankruptcy Court for the Northern District
of Texas for authorization to use First Financial Bank, N.A.'s cash
collateral within 30 days from the Petition Date, or until March 2,
2017.

The Debtor is indebted to First Financial Bank, N.A., pursuant to:

     (1) a Line of Credit, which has an approximate balance of
$941,352;

     (2) a Commercial Promissory Note, which has a balance of
approximately $18,206; and

     (3) a Commercial Promissory Note, which has a current balance
of approximately $25,543.

The Debtor proposes to grant First Financial Bank with a
replacement lien in any receivables generated by the Debtor after
the Petition Date.  

The Debtor contends it currently has over $100,000 of funds on
deposit, known as the Trapped Funds, which represent First
Financial Bank's cash collateral, or its proceeds.  The Debtor
further contends that $50,000 of the Trapped Funds will be used to
reduce the principal balance of the Line of Credit and the rest of
the Trapped Funds will be released to the Debtor.

The Debtor tells the Court that it will provide First Financial
Bank with a budget, reflecting the expected receipts in the next 30
days and the proposed uses of those funds.  The Debtor further
tells the Court that it will pay First Financial Bank at least
$25,000 toward the balance due on the Line of Credit before the end
of February 2017.

The Debtor asserts that an immediate and critical need exists for
it to use cash collateral in order to continue the operation of its
business.  The Debtor further asserts that without the use of the
cash collateral, it will not be able to pay its payroll and other
direct operating expenses or obtain goods and services needed to
carry on its business.

A full-text copy of the Debtor's Motion, dated Feb. 3, 2017, is
available at
http://bankrupt.com/misc/DCCSLLC2017_1740339mxm11_11.pdf

                      About DCCS, LLC

DCCS, LLC, based in Fort Worth, Texas, filed a chapter 11 petition
(Bankr. N.D. Tex. Case No. 17-40339) on Jan. 31, 2017.  The
petition was signed by Jacky Dawson, president.  The Debtor is
represented by Mark B. French, Esq., at Law Office of Mark B.
French.  The case is assigned to Judge Mark X. Mullin.  The Debtor
estimated assets and liabilities at $1 million to $10 million at
the time of the filing.


DELCATH SYSTEMS: Mitchell Kopin Holds 1.8% Stake as of Dec. 31
--------------------------------------------------------------
Mitchell P. Kopin, Daniel B. Asher and Intracoastal Capital LLC
disclosed in an amended Schedule 13G filed with the Securities and
Exchange Commission that as of Dec. 31, 2016, they beneficially own
39,478 shares of common stock of Delcath Systems, Inc. representing
1.8 percent of the shares outstanding.  A full-text copy of the
regulatory filing is available at https://is.gd/vBMH02

                         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, its 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.


DEWEY & LEBOEUF: DiCarmine Uninvolved in Finance, Accounting
------------------------------------------------------------
Former Dewey & LeBoeuf LLP Executive Director Stephen DiCarmine was
uninvolved in the finance and accounting departments at the law
firm and had no reason to think any fraud was being committed,
Stewart Bishop, writing for Bankruptcy Law360, reports, citing Rita
Glavin, Esq., at Seward & Kissel LLP, an attorney for Mr.
DiCarmine.


                      About Dewey & LeBoeuf

Dewey & LeBoeuf LLP sought Chapter 11 bankruptcy (Bankr. S.D.N.Y.
Case No. 12-12321) in 2012 to complete the wind-down of its
operations.  The firm had struggled with high debt and partner
defections.  Dewey disclosed debt of $245 million and assets of
$193 million in its chapter 11 filing late evening on May 29,
2012.

Dewey & LeBoeuf LLP operated as a prestigious, New York City-
based, law firm that traced its roots to the 2007 merger of Dewey
Ballantine LLP -- originally founded in 1909 as Root, Clark & Bird
-- and LeBoeuf, Lamb, Green & MacCrae LLP — originally
founded
in 1929.  In recent years, more than 1,400 lawyers worked at the
firm in numerous domestic and foreign offices.

At its peak, Dewey employed about 2,000 people with 1,300 lawyers
in 25 offices across the globe. When it filed for bankruptcy,
only 150 employees were left to complete the wind-down of the
business.

Dewey's offices in Hong Kong and Beijing are being wound down.  The
partners of the separate partnership in England are in process of
winding down the business in London and Paris, and administration
proceedings in England were commenced May 28.  All lawyers in the
Madrid and Brussels offices have departed.  Nearly all of the
lawyers and staff of the Frankfurt office have departed, and the
remaining personnel are preparing for the closure.  The firm's
office in Sao Paulo, Brazil, is being prepared for closure and the
liquidation of the firm's local affiliate.  The partners of the
firm in the Johannesburg office, South Africa, are planning to wind
down the practice.

The firm's ownership interest in its practice in Warsaw, Poland,
was sold to the firm of Greenberg Traurig PA on May 11 for
$6 million.  The Pension Benefit Guaranty Corp. took $2 million of
the proceeds as part of a settlement.

Judge Martin Glenn oversees the case.  Albert Togut, Esq., at
Togut, Segal & Segal LLP, represents the Debtor.  Epiq Bankruptcy
Solutions LLC serves as claims and notice agent.  The petition was
signed by Jonathan A. Mitchell, chief restructuring officer.

JPMorgan Chase Bank, N.A., as Revolver Agent on behalf of the
lenders under the Revolver Agreement, hired Kramer Levin Naftalis
& Frankel LLP.  JPMorgan, as Collateral Agent for the Revolver
Lenders and the Noteholders, hired FTI Consulting and Gulf
Atlantic Capital, as financial advisors.  The Noteholders hired
Bingham McCutchen LLP as counsel.

The U.S. Trustee formed two committees -- one to represent
unsecured creditors and the second to represent former Dewey
partners.  The creditors committee hired Brown Rudnick LLP led by
Edward S. Weisfelner, Esq., as counsel.  The Former Partners hired
Tracy L. Klestadt, Esq., and Sean C. Southard, Esq., at Klestadt &
Winters, LLP, as counsel.

FTI Consulting, Inc., was appointed secured lender trustee for the
Secured Lender Trust.  Alan Jacobs of AMJ Advisors LLC, was named
Dewey's liquidation trustee.  Scott E. Ratner, Esq., Frank A.
Oswald, Esq., David A. Paul, Esq., Steven S. Flores, Esq., at
Togut, Segal & Segal LLP, serve as counsel to the Liquidation
Trustee.

Dewey's liquidating Chapter 11 plan was approved by the bankruptcy
court in February 2013 and implemented in March.  The plan created
a trust to collect and distribute remaining assets.  The firm
estimated that midpoint recoveries for secured and unsecured
creditors under the plan would be 58.4 percent and 9.1 percent,
respectively.


DIRECTORY DISTRIBUTING: Court Directs Appointment of Ch. 11 Trustee
-------------------------------------------------------------------
Chief Judge Kathy A. Surratt-States of the U.S. Bankruptcy Court
for the Eastern District of Missouri entered an order granting the
U.S. Trustee's Motion for the Appointment of a Chapter 11 Trustee
for Directory Distributing Associates, Inc.

The Court granted the motion in part to the extent of the
appointment of a Chapter 11 Trustee, and denied in part to the
extent of the appointment of an Examiner.

The Order further provides that, pursuant to the agreement of the
parties, the original exclusive period for the Debtor to file a
plan will not automatically be deemed to have lapsed as a result of
the appointment of a Chapter 11 Trustee; however, the Court noted
that any extension of the exclusive period must be requested by
separate motion, notice, and hearing.

              About Directory Distributing

Directory Distributing Associates, Inc., sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. E. D. Mo. Case No. 16-
47428) on October 14, 2016. The petition was signed by Kristy Runk
Bryan, Esq., attorney.

The case is assigned to Judge Kathy A. Surratt-States.  The Debtor
is represented by Carmody MacDonald P.C.

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

The Debtors have hired McCarthy Leonard & Kaemmerer L.C. as special
counsel for labor and employment class action matters, Carr Allison
as special counsel for works compensation, Gold Weems as special
counsel for workers compensation and subrogation litigation matters
in Louisiana.


DIRECTORY DISTRIBUTING: Wants Until April 12 to File Plan
---------------------------------------------------------
Directory Distributing Associates, Inc. asks the U.S. Bankruptcy
Court for the Eastern District of Missouri to extend its exclusive
periods for filing a chapter 11 plan and soliciting acceptances of
its plan through April 12, 2017 and June 12, 2017, respectively.

Without the requested extension, the Debtor's exclusive plan filing
period would have expired on February 11, 2017.  The Debtor's
exclusive period to solicit acceptances to its plan expires on
April 12, 2017.

The Debtor tells the Court that given its pending motion to compel
mediation and related negotiations, transition responsibilities to
the newly appointed Chapter 11 Trustee, and time necessary to
coordinate a plan of liquidation with the newly appointed Chapter
11 Trustee, it would be reasonable to allow the Debtor and the
prospective Chapter 11 Trustee and extension of the Plan Filing
Exclusive Period and Plan Acceptance Exclusive Period.

        About Directory Distributing Associates, Inc.

Directory Distributing Associates, Inc., sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. E. D. Mo. Case No. 16-
47428) on October 14, 2016. The petition was signed by Kristy Runk
Bryan, Esq., attorney.

The case is assigned to Judge Kathy A. Surratt-States.  The Debtor
is represented by Carmody MacDonald P.C.

At the time of the bankruptcy filing, the Debtor estimated assets
of $1 million to $10 million, and liabilities at $100,000 to
$500,000.

The Debtors have hired McCarthy Leonard & Kaemmerer L.C. as special
counsel for labor and employment class action matters, Carr Allison
as special counsel for works compensation, Gold Weems as special
counsel for workers compensation and subrogation litigation matters
in Louisiana.



DOOR TO DOOR: Asks Court to Extend Plan Filing Period Until June 5
------------------------------------------------------------------
Door to Door Storage Inc. requests the U.S. Bankruptcy Court for
the Western District of Washington to extend the exclusivity
periods for additional 90 days to allow the Debtor until June 5,
2017, to file its plan of reorganization and until August 4, 2017,
to obtain confirmation of the Plan.

Additionally, the Debtor requests the Court to extend the deadline
for it to assume or reject its unexpired leases of nonresidential
real property for an additional 90 days from the current deadline
of March 7, 2017.

The Debtor relates that as of the Petition Date, the Debtor was in
the business of providing storage and moving services and was
storing the property of approximately 8,100 customers across the
United States, whereby the Debtor has three types of relationships
with Storage Facilities: (1) leased locations, (2) co-locations,
and (3) Branch Affiliate locations.

The Debtor has worked productively with its creditor
constituencies, has negotiated and had approved by this Court a
final cash collateral and debtor-in-possession financing
arrangement, and is actively engaged in moving the case towards
exit.

The Debtor contends that a large part of its effort has been
focused to address its operational restructuring issues,
particularly, the viability and profitability of each Leased
Locations and Co-Location, and isolate areas of its business that
can be addressed quickly and efficiently.

The Debtor further contends that it has been working to determine
the most productive and viable exit via either a plan of
reorganization built around its core business, sale of its
assets/business, or some combination thereof. To that end, the
Debtor has obtained the Court's authorization to: (1) Assume or
Reject Branch Affiliate Contracts; (2) Assume/Assign or Reject
Customer Contract re Branch Affiliate Locations; and (3) Sell or
Abandon Empty Storage Containers, which the Court granted in
mid-December.

Similarly, the Debtor has also obtained an Order authorizing the
sale of the remainder of its empty storage containers on January
31, 2017. Currently, the Debtor continues to actively market the
company's assets for sale in order to assess the value of its
various locations as compared to continuing operations at the
locations.

In addition, the Debtor has just obtained the Court's approval to
employ Raymond James Financial, Inc. to continue discussions to
market the company for sale with two specified parties with
potential interest in a possible transaction. Those efforts
continue, combined with the Debtor's direct efforts and discussions
with interested third parties.

The Debtor has also participated in a conference call meeting with
the full Unsecured Creditors Committee and its professionals to
provide background and explanation of the Debtor's decision to file
the bankruptcy and its anticipated direction. Since that "all
hands" conference call, the Debtor and its counsel have
communicated extensively with the Committee's professionals,
including its counsel and its financial advisors, providing
financial and other information and establishing a productive
working relationship.

                        About Door to Door Storage

Headquartered in Kent, Washington, Door to Door Storage, Inc.
provides nationwide portable, containerized storage services in
approximately 50 locations across the United States to
approximately 8,200 customers and has 56 employees.

Door to Door filed a chapter 11 petition (Bankr. W.D. Wash. Case
No. 16-15618-CMA) on Nov. 7, 2016. The petition was signed by
Tracey F. Kelly, president. The case is assigned to Judge
Christopher M. Alston. At the time of filing, the Debtor had total
assets of $4.08 million and total liabilities of $5.65 million.


EASTERN OUTFITTERS: Has $85-Mil. DIP Loan From Sportsdirect
-----------------------------------------------------------
Eastern Outfitters, LLC and its affiliated debtors ask the U.S.
Bankruptcy Court for the District of Delaware for authorization to
obtain secured postpetition financing from Sportsdirect.com Retail
Ltd., and use cash collateral.

The Debtors contend that they have filed their cases to implement a
sale of substantially all of their assets.  The Debtors further
contend that they have executed a letter of intent with
Sportsdirect, the United Kingdom's largest sporting goods retailer,
to purchase substantially all of the Debtors' assets.  

The Debtors say that subject to higher and better bids, pending
approval of a sale of substantially all of their assets by the
Court, the Debtors require immediate access to postpetition
financing and cash collateral to continue their orderly sale
efforts.  The Debtors further say that the cash collateral will
only be used exclusively to repay the Prepetition Senior Secured
Obligations until such time that such obligations are paid in full,
in cash.  The Debtors add that they will use the cash collateral in
accordance with the proposed DIP Order and the Approved Budget,
after the full payment of the Prepetition Senior Secured
Obligations.

Debtors Eastern Mountain Sports, LLC and Bob's Stores, LLC are
indebted to PNC Bank, National Association, as Agent and the
Prepetition Senior Lenders in an amount not less than
$37,514,341.01, plus $150,000 on account of a letter of credit that
was presented to the Prepetition Senior Agent of February 3, 2017,
and which will be honored and paid on or after the Petition Date,
and $3,292,296.58 of contingent obligations for undrawn letters of
credit, together with all accrued and accruing pre and postpetition
interest, charges, fees, costs and expenses, and other obligations
with respect to the Prepetition Senior Credit Documents.

The Prepetition Senior Secured Obligations were secured by a valid,
perfected, and enforceable and non-avoidable first priority
security interest and lien granted by the Debtors to the
Prepetition Senior Agent on behalf of the Prepetition Senior
Lenders upon the Debtors' inventory and other collateral.

The Debtors tell the Court that they conducted a pre-petition
analysis concering liquidation of the Prepetition Senior Collateral
and believe that the Prepetition Senior Secured Parties are
oversecured.  The Debtors further tell the Court that pursuant to
agreements between the parties, the Prepetition Senior Obligations
are to be repaid in full in cash through the current and ongoing
collections and application of the Debtors' cash collateral and
other paydowns, but will, in any event, be repaid in full, in cash,
no later than the earlier of the entry of a Final Order or March
14, 2017.

The Debtors are also indebted to Sportsdirect, as Agent, and the
Prepetition Subordinate Lenders in an amount not less than
$41,000,000, together will all accrued and accruing pre and
postpetition interest, charges, fees, costs and expenses, and other
obligations with respect to the Prepetition Subordinate Credit
Documents.

The Prepetition Subordinate Secured Obligations were secured by a
valid, perfected, enforceable and non-avoidable second priority
security interes and lien granted by the Debtors to the Prepetition
Subordinate Agent on behalf of the Prepetition Subordinate Lenders
upon the Debtors' collateral.

The material provisions of the DIP Credit Agreement, among others,
are:

     (1) Amount: Aggregate maximum principal amount not to exceed
$85 million.

     (2) Availability: The Lenders will provide the Borrowers a
delayed draw term loan facility of up to $85 million, with $65
million to be available from and after the effective date of the
DIP Credit Agreement until the entry of the Final Financing Order,
and $85 million to be available from and after the entry of the
Final Financing Order.  The Borrowers can request a commitment
increase of $10 million.

     (3) DIP Financing Termination Date: The earliest to occur of:

          (a) the Maturity Date;

          (b) the sale of all or substantially all of the assets of
the Borrowers;

          (c) the date of the acceleration of the obligations under
the DIP Credit Agreement and termination of the commitments under
the DIP Credit Agreement;

          (d) the effective date of a plan of reorganization for
the Borrowers; and

          (e) the delivery by the Agent to the Borrowing Agent of a
notice that the Agent is terminating the DIP Credit Agreement
because information disclosed in the post-closing schedules to the
DIP Credit Agreement could reasonably be expected to have an
adverse effect on the Borrowers or their business.

     (4) Interest Rate: 6% per annum, and all payments of interest
on the advances will be deemed funded by being added to the
principal balance of the advances on each applicable interest
payment date.  Upon and after the occurrence of an Event of
Default, and during the continuation of the same, at the option of
the Agent or at the direction of the Required Lenders, the
obligations under the DIP Credit Agreement will bear interest at 8%
per annum.

     (5) DIP Liens: As security for the DIP Obligations, the DIP
Agent, for the benefit of itself and the DIP Lenders, is granted
continuing, valid, binding, enforceable, non-avoidable, and
automatically and propery perfected security interests in and liens
on the DIP Collatera, subject to the priorities set forth in the
Interim DIP Order and the Carve-Out.

     (6) Superpriority DIP Claim: The DIP Agent and the DIP Lenders
are granted an allowed superpriority administrative expense claim
in each of the cases or any successor cases for all of the DIP
Obligations, subject to the Carve-Out, the Senior Lender
Superpriority Claim and the PNC Indemnity Adequate Protection
Claim, with priority over any and all administrative expense
claims, unsecured claims and all other claims against the Debtors
or their estates.

     (7) Adequate Protection:

          (a) The Prepetition Senior Agent, for the benefit of the
Prepetition Senior Lenders, will be granted an additional and
replacement first priority, valid, binding, enforceable,
non-avoidable, and automatically-perfected, postpetition security
interest in and lien on all of the right, title, and interest of
each Debtor and its estate in, to and under all present and
after-acquired DIP Collateral.

          (b) The Prepetition Senior Secured Parties are granted an
allowed administrative expense claim in the cases ahead of and
senior to any and all other adminstrative expense claims, to the
extent of any postpetition Diminution in Value of the Prepetition
Senior Collateral.

          (c) The Prepetition Senior Agent, for the benefit of the
Prepetition Senior Secured Parties will be entitled to interest at
the default rate on account of the outstanding Prepetition Senior
Obligations.

          (d) The Prepetition Subordinate Agent, for the benefit of
the Prepetition Subordinate Lenders, will be granted an additional
and replacement second priority, valid, binding, enforceable,
non-avoidable, and automatically perfected, postpetition security
interest in and lien on all of the right, title and interest of
each Debtor and its estate in, to and under all present and
after-acquired DIP Collateral, other than the funds in the
Professional Fee Account.

          (e) The Prepetition Subordinate Secured Parties will be
granted an allowed superpriority administrative expense claim, to
the extent of any postpetition Diminution in Value of the
Prepetition Subordinate Collateral.

          (f) The Prepetition Subordinate Agent, for the benefit of
the Prepetition Subordinate Secured Parties, will be entitled to
interest on account of the outstanding Prepetition Subordinate
Obligations, which will be accrued and payable-in-kind.

The DIP Credit Agreement also provides for the following case
milestones:

     (1) The Debtors will not have filed the cases within one
business day of the date of entry into the Asset Purchase
Agreement;

     (2) the Bidding Procedures and APA Approval Order will not
have been entered on or prior to 30 days as of the Petition Date;
or

     (3) the Sale Order is not entered by the Bankruptcy court
within 60 days after the Petition Date and does not become a Final
Order within 75 days after the Petition Date.

A full-text copy of the Debtors' Motion, dated Feb. 7, 2017, is
available at
http://bankrupt.com/misc/EasternOutfitters2017_1710243lss_27.pdf

A full-text copy of the proposed DIP Credit Agreement, dated Feb.
7, 2017, is available at
http://bankrupt.com/misc/EasternOutfitters2017_1710243lss_27_2.pdf

                          *     *     *

Vince Sullivan, writing for Bankruptcy Law360, reports that the
U.S. Bankruptcy Court for the District of Delaware has granted
Eastern Outfitters, LLC, interim access to $65 million in
debtor-in-possession financing.

                    About Eastern Outfitters

Headquartered in Meriden, Connecticut, Eastern Outfitters, LLC, is
the holding company of outdoor sports apparel and equipment
retailers Bob's Stores and Eastern Mountain Sports.

Eastern Outfitters, LLC, a/k/a Subortis Retail Group, LLC, along
with affiliates, filed for Chapter 11 bankruptcy protection (Bankr.
D. Del. Lead Case No. 17-10243) on Feb. 5, 2017.  The petitions
were signed by Mark Walsh, chief executive officer.

Judge Laurie Selber Silverstein presides over the cases.

Robert G Burns, Esq., Jennifer Feldsher, Esq., and David M Riley,
Esq., and Mark E. Dendinger, Esq., at Bracewell LLP serve as the
Debtors' restructuring counsel.

Norman L. Pernick, Esq., Marion M Quirk, Esq., and Katharina Earle,
Esq., at Cole Schotz P.C. serve as the Debtors' Delaware counsel.

Alixpartners, LLP, is the Debtors' turnaround advisor.  Lincoln
Partners Advisors LLC is the Debtors' financial advisor.  Kurtzman
Carson Consultants is the Debtors' claims and noticing agent.

Eastern Outfitters, Subortis IP Holdings, and Eastern Mountain
Sports each estimated its assets and liabilities at between $100
million and $500 million each.


ECLIPSE RESOURCES: Proved Reserves, Operational & Fin'l Update
--------------------------------------------------------------
Eclipse Resources Corporation, in advance of the Company's Analyst
Day, provided an update on its fourth quarter and full year 2016
production, year-end 2016 proved reserves, its 2017 capital budget
and its spring borrowing base re-determination.  In addition,
Eclipse provided an update to Company type curve assumptions.  

Highlights of the release include:

  * Net production for the fourth quarter 2016 averaged 255 MMcfe
    per day, which was above the high end of the Company's
    previously issued guidance range

  * Net production for the full year 2016 averaged 229 MMcfe per
    day, which was above the midpoint of the Company's previously
    issued guidance range

  * Year-End 2016 proved reserves increased by 35% to 469 Bcfe
    based on SEC pricing, and by 108% to 1.2 Tcfe based on forward

    strip pricing

  * The Company's Board of Directors established an initial
    capital budget for the full year 2017 of approximately $300
    million, which is expected to be funded substantially from the
    Company's cash balance and cash flows
  
  * The Company has updated its Utica Condensate and Utica Rich
    Gas type curve assumptions, resulting in an increase of EUR's
    approximately 16% and 22% respectively based on the results of

    recently completed wells using the Company's "Gen3" completion
    design

  * The Company recently received commitments subject to final
    documentation supporting an increase in its borrowing base to
    $175 million from $125 million, while extending the maturity
    of the credit facility to January of 2020

Production

The Company achieved fourth quarter 2016 average net production of
255 MMcfe per day, above the high end of the Company's guidance
range.  The Company also achieved full year 2016 average net
production of 229 MMcfe per day, above the midpoint of the
Company's guidance range.  For the fourth quarter of 2016, the
Company's production mix was 71% natural gas, 18% natural gas
liquids and 11% oil, while the production mix for the full year
2016 was 73% natural gas, 17% natural gas liquids and 10% oil.

Proved Reserves

The Company has recently received its annual reserve report as
prepared by its independent reservoir engineering firm, Netherland,
Sewell & Associates, Inc., which estimated the Company’s proved
reserves at Dec. 31, 2016, to be 469.4 Bcfe, a 35% increase
compared to proved reserves at Dec. 31, 2015.  This increase in
reserves was driven mainly by an increase in proved developed
producing reserves related to new wells coming on production during
2016 and from the addition of incremental proved undeveloped
reserves.  SEC prices for reserves were calculated as of Dec. 31,
2016 and among other items calibrated for quality, energy content
and market differentials with the average adjusted product price
weighted by production over the remaining lives of the properties
being $34.57 per Bbl for oil, $2.195 per Mcf for natural gas, and
$13.43 per Bbl of NGLs.

Using SEC prices, which are not indicative of current forward
prices, the pre-tax present value discounted at 10% of the
Dec. 31, 2016, proved reserves was $206.0 million, an approximate
3% decrease over the year-end 2015 reported value of PV10 of $212.9
million.  This decrease in PV10 is primarily the result of
substantially lower commodity prices used in the calculation of
2016 proved reserves using SEC pricing as compared to the
calculation of 2015 proved reserves which utilized $38.20 per bbl
for oil, $2.52 per mcf for natural gas and $12.88 per bbl of NGLs.


Utilizing forward New York Mercantile Exchange pricing as of
Dec. 31, 2016, the PV10 value would be approximately $608.3 million
and the proved reserve volumes would be 1.2 Tcfe.  This represents
a value increase of $327.7 million, or over 117%, and a volume
increase of over 634.7 Bcfe, or 108%, relative to our reserves at
year end 2015 using year-end 2015 NYMEX forward prices.

For the year 2016, the Company estimates that its drill bit only
finding and development cost, including revisions, was $0.70 per
Mcfe while the all sources finding and development cost for
estimated proved reserve additions, including revisions was $0.91
per Mcfe.  The finding and development costs are based on the
Company's preliminary and unaudited 2016 capital costs.  Final
capital costs will be provided in the Company's Annual Report on
Form 10-K for the year ended Dec. 31, 2016.

2017 Capital Budget

The Board of Directors has approved an initial capital budget for
2017 of approximately $300 million.  This budget includes
approximately $261 million for drilling and completions activities,
$33 million for land activities and $6 million for other capital
requirements.  The initial capital budget assumes the drilling of
19 net (22 gross) horizontal Utica Shale wells, and completion of
19 net (20 gross) horizontal Utica Shale wells. The budget also
includes the drilling and completion of 1.9 net (2.0 gross)
Marcellus wells.  The wells to be drilled in 2017 are expected to
average approximately 13,300 feet in lateral length. Included in
this well count are eleven "Super-Lateral" wells with lateral
extensions planned to be in excess of 15,000 feet, three of which
will be located in the Company's Utica Dry gas acreage area, and
eight in the Company's Utica Condensate acreage area.   The 2017
Capital Budget is expected to be substantially funded through
internally generated cash flows and the Company's current cash
balance.

Type Curve Assumptions

Based primarily on the results generated through the implementation
of its Generation 3 completion design, the Company has increased
its Utica Condensate and Utica Rich Gas type curve EURs.  The Utica
Condensate type curve EUR has increased to 1.1 Bcfe per 1,000 foot
of lateral from 0.9 Bcfe per 1,000 foot of lateral or approximately
16%, while the Rich Gas type curve EUR has increased to 2.2 Bcfe
per 1,000 foot of lateral from 1.8 Bcfe per 1,000 foot of lateral,
or approximately 22% at year-end 2016 strip pricing.  These type
wells are both estimated to generate IRR's in excess of 60%
assuming current forward NYMEX strip pricing and the Company's 2017
expected well costs.  The Company now estimates it has over 16
years of highly economic drilling inventory at its planned 2017
pace of development.  As part of this type curve revision process,
the Company has adjusted the location of each type curve area and
recalculated the associated acreage in each type curve band while
incorporating all recent acreage acquisitions and divestitures.
The Company's current acreage footprint of 112,000 net acres, an
increase from 105,000 net acres previously reported, consists of
acreage which is 41% in the Utica Dry Gas type curve area, 38% in
the Utica Condensate area, 13% in the Marcellus Condensate area1
and 8% in the Utica Rich gas area.

In December, the Company began the process of turning to sales its
first Generation 3 Dry Gas Utica wells.  These five wells have
exhibited similar performance improvements as the Generation 3
Utica Condensate wells, and are flowing above current type curve
expectations at the Company's target weekly pressure decline rate.
The Company plans to continue to evaluate these wells for an
additional three to six months before making an assessment on their
implication to the Company’s existing Dry Gas type curve
assumptions.

Financial Update

The Company is pleased to announce that it recently completed its
spring borrowing base redetermination process and has received
commitments subject to final documentation supporting an increase
in its borrowing base from $125 million to $175 million.  As part
of this process, the Company and bank group agreed to extend the
maturity of the revolving credit facility to January 2020.
Assuming this transaction closes under the terms as currently
anticipated, the Company estimates that it exited the year with
$342 million in liquidity, which consisted of cash on hand of
approximately $202 million and this undrawn revolver net of $34
million of letters of credit.  

Analyst Day

Eclipse Resources hosted its 2017 Analyst Day on Wednesday,
February 8th at the Intercontinental Barclay Hotel in New York
City.  A live audio webcast of the event began at 9:00 am (Eastern)
and can be accessed on the "Investors" section of the Eclipse
Resources website at www.eclipseresources.com.  The Company plans
to post the Analyst Day Presentation to the "Investors" section of
the Company's website just prior to the event.

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

                        https://is.gd/vxvJSe

                      About Eclipse Resources

Eclipse Resources Corporation is an independent exploration and
production company engaged in the acquisition and development of
oil and natural gas properties in the Appalachian Basin.  As of
Dec. 31, 2015, the Company had assembled an acreage position
approximating 220,000 net acres in Eastern Ohio.

The Company reported a net loss of $971 million in 2015, a net loss
of $183 million in 2014 and a net loss of $43.5 million in 2013.

As of Sept. 30, 2016, Eclipse Resources had $1.20 billion in total
assets, $593.65 million in total liabilities and $609.33 million in
total stockholders' equity.

                             *    *    *

As reported by the TCR on July 11, 2016, Moody's Investors Service
upgraded Eclipse Resources Corporation's Corporate Family Rating
(CFR) to Caa1 from Caa2 and Probability of Default Rating to
Caa1-PD from Caa2-PD.  "The upgrade to Caa1 reflects Eclipse's
improved liquidity and good visibility to fund a more robust
drilling program through 2017 than we had previously anticipated,
largely the result of $123 million in proceeds raised from its
equity issuance.  With considerable cash balances and improving
cash margins on its production, Eclipse is poised to return to a
production growth trajectory that should allow for meaningful
deleveraging," noted John Thieroff, Moody's VP-Senior Analyst.

In June 2016, S&P Global Ratings raised its corporate credit rating
on State College, Pa.-based Eclipse Resources Inc. to 'CCC+' from
'CC'.  "The rating action reflects our opinion that Eclipse is
unlikely to pursue further distressed debt transactions given the
lack of bondholders' appetite for a distressed exchange--as
demonstrated by the early termination of the company's exchange
offer in February--and the increase in its bond price over the past
three months," said S&P Global Ratings credit analyst Christine
Besset.


ELITE ENTERPRISES: Case Summary & 14 Unsecured Creditors
--------------------------------------------------------
Debtor: Elite Enterprises of Gainvesville, Inc.
        P.O. Box 5005
        Gainesville, FL 32627

Case No.: 17-10036

Chapter 11 Petition Date: February 9, 2017

Court: United States Bankruptcy Court
       Northern District of Florida (Gainesville)

Judge: Hon. Karen K. Specie

Debtor's Counsel: Paulette Hamilton, Esq.
                  LAW OFFICE OF PAULETTE HAMILTON, P.A.
                  6965 Piazza Grande Avenue, Suite 215
                  Orlando, FL 32835
                  Tel: 407-420-2311
                  Fax: 866-928-4684
                  E-mail: phamilton@paulettehamiltonpa.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Nathaniel McCallister, president.

A copy of the Debtor's list of 14 unsecured creditors is available
for free at http://bankrupt.com/misc/flnb17-10036.pdf


EMECO HOLDINGS: Asks for Another Chapter 15 Protection
------------------------------------------------------
Alex Wolf, writing for Bankruptcy Law360, reports that Emeco
Holdings Ltd. asked the U.S. Bankruptcy Court for the Southern
District of New York on Wednesday for another Chapter 15 protection
from potential creditor litigation and recognition of a new
reorganization scheme that provides for the exchange of $282.72
million in senior secured notes.

As reported by the Troubled Company Reporter on Nov. 9, 2016, the
Debtor sought U.S. Chapter 15 bankruptcy protection (Bankr.
S.D.N.Y. Case No. 16-13080), blaming the slowdown in the global
mining industry which resulted in the decline of its revenues.

Law360 relates that the Court previously granted the Debtor in
November 2016 recognition in the United States of a scheme of
arrangement pursuant to the Corporations Act 2001 (Commonwealth of
Australia) currently pending before the Federal Court of Australia,
New South Wales District Registry, in Sydney, Australia.

Emeco Holdings Ltd. is a mining equipment company with operations
in Australia.


EMES PROPERTIES: Taps Stephen Maltagliati as Real Estate Appraiser
------------------------------------------------------------------
Emes Properties LLC seeks approval from the U.S. Bankruptcy Court
for the Southern District of Florida to hire a real estate
appraiser.

The Debtor proposes to hire Stephen Maltagliati to appraise its
real property located at 11000 Blackhawk Boulevard, Davie, Florida.
Mr. Maltagliati is employed by Miami-based Appraisal Works Inc.

Mr. Maltagliati has agreed to appraise the property for $750. In
addition, he will be paid $150 per hour for a minimum of $450 for
litigation support.

In a court filing, Mr. Maltagliati disclosed that his firm does not
represent any interest adverse to the Debtor or its bankruptcy
estate.

The firm can be reached through:

     Stephen Maltagliati
     Appraisal Works Inc.
     421 Meridian Avenue,#CU1
     Miami Beach, FL 33139
     Tel: 305-532-0611
     Fax: 305-573-0734
     Email: smalta@aol.com

                      About Emes Properties

Emes Properties LLC filed a Chapter 11 petition (Bankr. S.D. Fla.
Case No. 16-23124) on Sept. 26, 2016, and is represented by Linda
M. Leali, Esq., in Miami, Florida.  The petition was signed by
Gideon Gratsiani, member.  A full-text copy of the petition is
available for free at http://bankrupt.com/misc/flsb16-23124.pdf

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 Debtor has no unsecured creditor.

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


EXPRESS INTEGRATED: Innova Acquires Intellectual Property Assets
----------------------------------------------------------------
International emissions and noise control leader Innova Global
Limited has fortified its preeminent market position by acquiring
key liquidated intellectual property assets of commercial rival
Express Integrated Technologies (EIT).

Innova President and CEO Mr. Harry Wong said EIT was a
well-established and recognized brand among customers within the
North American energy sector.

"Like Innova, EIT has earned a valued reputation for supplying
quality products which perform to specification.  This purchase
brings together technologies from two recognized industry leaders,
enabling Innova to deliver the very best technology available to
the North American and global markets," he said.

"Over coming months we will be integrating the best of EIT's
designs to expand and enhance our product portfolio, ensuring that
we can continue to offer the highest quality plant and componentry
backed by exemplary customer service."

Innova was selected as the successful bidder for EIT's intellectual
property assets, work in progress for a major project, and
operating assets of the St. George Steel and Murray manufacturing
facilities in Utah at an auction in the Oklahoma Bankruptcy Court
in late January.

EIT was established in 1979 and grew to become a recognized
industry leader in the design and manufacture of heat transfer,
combustion and environmental compliance-engineered equipment for
the power and industrial markets.

Mr. Wong said EIT had been a competitor in emissions control using
Selective Catalytic Reduction technology and also competed with
Innova in the supply of a variety of other products.

"The EIT brand and product range represents a strong complementary
addition to Innova's portfolio of Heat Recovery Systems, Simple
Cycle Catalyst Systems, and Waste Heat Recovery Units.  EIT's
designs for Once-Through Steam Generators used for extraction of
heavy oil also complement Innova's portable and modular SAGD
product," Mr. Wong said.

The asset purchase includes the rights to all EIT's intellectual
property effective from February 1 2017, as well as some valuable
patents and applications.

Other property acquired includes all designs, drawings, Information
Technology and marketing materials.

"Innova has the financial strength, manufacturing capability,
experienced supply chain and proprietary designs to perform on
existing EIT proposals, equipment retrofits and project completions
for EIT's customer base," Mr. Wong said.  "Innova has 40 years'
experience servicing the energy sector successfully with a growing
list of high quality products and services."

                      About Innova Global

Innova, formerly ATCO Emissions Management, is a full service
engineering, fabrication, procurement and construction company
specializing in air and noise emissions control, acoustic
consulting, gas turbine systems, heat recovery, waste heat recovery
boilers, SAGD boilers, modular gas compression facilities, and
turnkey building solutions primarily for oil and gas, power
generation and industrial customers.  Innova has 160+ employees
between its offices in Calgary, Alberta; Cambridge, Ontario; Tulsa,
Oklahoma; Plymouth, Minnesota; Albany, New York; Denver, Colorado;
Houston, Texas; Pittsburgh, Pennsylvania and now Gladstone in
Australia; and fabrication facilities in Monterrey, Mexico.

             About Express Integrated Technologies

Express Integrated Technologies (EIT) was one of four affiliated
operating divisions of Express Group Holdings LLC.  Express Group
Holdings and its affiliates filed for Chapter 7 protection in the
Oklahoma Bankruptcy Court in early November 2016.

EIT was an important designer and manufacturer of heat transfer and
combustion engineering equipment for the Power and Process markets.
Core products included Once-Through Steam Generators for the
Canadian Oils Sands SAGD projects, Heat Recovery Steam Generators,
Simple Cycle Catalyst Systems, Fired and Process Heaters, and Waste
Heat Recovery Units.

The company's corporate and engineering offices were located in
Tulsa, Oklahoma, USA, with additional operations in Calgary,
Alberta, Canada; St George and Murray, Utah; and Locust Grove and
Big Cabin, Oklahoma.


FEDERATION EMPLOYMENT: Sale of Brooklyn Property for $1.5M Approved
-------------------------------------------------------------------
Judge Robert E. Grossman of the U.S. Bankruptcy Court for the
Eastern District of New York authorized Federation Employment and
Guidance Service, Inc.'s sale of real property located at 21 Duryea
Place, Brooklyn, New York, to David Levitan for $1,515,000.

The Debtor conducted the auction on Feb. 2, 2017 in accordance
with, and having otherwise complied in all respects with, the Bid
Procedures Order.  The sale hearing was held on Feb. 6, 2017.

The sale is on "as is, where is" basis, and free and clear of all
liens, interests, claims and encumbrances.

The bid made by Kings Equity Group, LLC ("Backup Bidder"), in the
amount of $1,500,000, subject to the terms, conditions, and
requirements of the sale agreement executed and delivered by the
Backup Bidder under the Bid Procedures ("Backup Agreement"), was
the second highest or best bid ("Backup Bid").

In the event that, for any reason, the Purchaser fails to close the
transaction contemplated within 30 days after the Order becomes a
final and unappealable order, and the Debtor and Purchaser have not
otherwise stipulated to a reasonable extension of the Purchaser's
time to close, the Debtor will be authorized to consummate the
transaction with the Backup Bidder, without further order of the
Bankruptcy Court, pursuant to the terms and conditions of the
Backup Agreement, which are authorized and approved.  In such case,
the Sale Order and all the findings, terms, provisions, rights, and
protections contained will apply to the Backup Bidder, the Backup
Agreement, and the Backup Bid to the same extent they apply to the
Purchaser, the Sale Agreement and the Successful Bid,
respectively.

The automatic stay provisions of Section 362 of the Bankruptcy Code
are lifted and modified to the extent necessary to implement the
terms and conditions of the Sale Agreement and the provisions of
the Order.

                         About FEGS

Established in 1934 amidst the Great Depression, Federation
Employment & Guidance Service, Inc. ("FEGS") is a not-for-profit
provider of various health and social services to more than
120,000 individuals annually in the areas of behavioral health,
disabilities, housing, home care, employment/workforce, education,
youth and family services.  At its peak, FEGs' network of programs
operated over 350 locations throughout metropolitan New York and
Long Island and employed 2,217 highly skilled professionals.

FEGS sought Chapter 11 bankruptcy protection (Bankr. E.D.N.Y. Case
No. 15-71074) in Central Islip, New York on March 18, 2015.

The Debtor disclosed $86,697,814 in assets and $45,572,524 in
liabilities as of the Chapter 11 filing.

The Debtor filed applications to hire Garfunkel, Wild, P.C., as
general bankruptcy counsel; Togut, Segal & Segal, LLP, as
co-counsel; JL Consulting LLC as Restructuring Advisor, as
restructuring advisor; Crowe Horwath, LLP as accountants; and Rust
Consulting/Omni Bankruptcy as claims and noticing agent.

The U.S. Trustee for Region 2 appointed three members to the
Official Committee of Unsecured Creditors.  The Committee tapped
Pachulski Stang Ziehl & Jones LLP as its counsel.


FINJAN HOLDINGS: Cisco Systems Holds 7.37% Stake as of Dec. 31
--------------------------------------------------------------
Cisco Systems, Inc. disclosed in an amended Schedule 13G filed with
the Securities and Exchange Commission that as of Dec. 31, 2016, it
beneficially owns 1,688,429 shares of common stock of Finjan
Holdings, Inc., representing 7.37 percent based on 22,901,061
shares of Issuer's issued and outstanding common stock as of Nov.
4, 2016.  A full-text copy of the regulatory filing dated Feb. 6,
2017, is available for free at
https://is.gd/mbCsTY

                        About Finjan

Finjan, formerly known as Converted Organics, is a leading online
security and technology company which owns a portfolio of patents,
related to software that proactively detects malicious code and
thereby protects end-users from identity and data theft, spyware,
malware, phishing, trojans and other online threats.  Founded in
1997, Finjan is one of the first companies to develop and patent
technology and software that is capable of detecting previously
unknown and emerging threats on a real-time, behavior-based basis,
in contrast to signature-based methods of intercepting only known
threats to computers, which were previously standard in the online
security industry.

Finjan Holdings reported a net loss of $12.6 million in 2015, a
net loss of $10.5 million in 2014 and a net loss of $6.07 million
in 2013.

As of Sept. 30, 2016, Finjan had $15.04 million in total assets,
$4.57 million in total liabilities, $13.68 million in redeemable
preferred stock and $3.22 million in stockholders' deficit.


FUNCTION(X) INC: Amends $10 Million Prospectus with SEC
-------------------------------------------------------
Function(x) Inc. filed an amended Form S-1 registration statement
with the Securities and Exchange Commission relating to a firm
commitment public offering of $10 million shares of its common
stock at yet to be determined purchase price.  The Company is also
offering an undetermined warrants to the underwriters to purchase
shares of its common stock.

The Company amended the Registration Statement to delay its
effective date.

The Company currently has an effective registration statement on
Form S-1 (File No. 333-213084) pursuant to which the selling stock
holders named therein may sell their common stock.

The Company's common stock is traded on the NASDAQ Capital Market
under the symbol "FNCX."  On Feb. 2, 2017, the closing price of the
Company's common stock was $2.11 per share.  The Company's auditors
have included a disclosure paragraph in their opinion regarding
their uncertainty of its ability to continue as a going concern as
of June 30, 2016.

A full-text copy of the Form S-1/A is available for free at:

                     https://is.gd/3QvEFk

                     About Function(x)Inc.

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

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

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


FUND.COM INC: Court Sets April 14, 2017 Claims Filing Deadline
--------------------------------------------------------------
Thomas Braziel, as the receiver of Fund.com Inc., on Feb. 7, 2017,
disclosed that the Delaware Chancery Court entered an order
establishing April 14, 2017 as the deadline for creditors of
Fund.com Inc. to file claims in the company's receivership
proceeding, B.E. Capital Management Fund LP v. Fund.com Inc., Civil
Action No. 12843-VCL.

Pursuant to the order, in order for creditors of Fund.com Inc. to
be eligible to receive a distribution from the receivership estate,
they must file a claim by April 14, 2017 and serve a copy of the
same on the receiver's counsel so that it is received by such
date.

Claims must comply with the requirements set forth in Delaware
Chancery Court Rule 154, and further, must identify the
receivership proceeding name and civil action number (set forth
above).

Creditors represented by Delaware counsel may file claims
electronically by filing a copy of the same on the receivership
proceeding docket.  Creditors not represented by Delaware counsel
may file claims by mailing the same to the Office of the Register
in Chancery at the following address: Office of the Register in
Chancery, Court of Chancery, 500 North King Street, Wilmington,
Delaware 19801.  Claims filed by mail must be accompanied by a
$2/page fee charged by the Office of the Register in Chancery for
scanning hard copy documents for docketing.

Failure by a creditor of Fund.com Inc. to file a claim by April 14,
2017 will result in its not being treated as a creditor by the
receiver and its being barred from participating in the
distribution of company assets.

Copies of the order, and other important court filings in the
receivership proceeding, can be viewed at
http://fndmreceivership.com

Questions concerning the foregoing should be directed to the
receiver's counsel.

Contacts:

Receiver of Fund.com Inc.
Thomas Braziel, (917) 310-1206
thomas@becapitalmanagement.com

     - or -

Counsel for the Receiver
Jeffrey Chubak, (212) 497-8247
jchubak@storchamini.com


GABEL LEASE: Court Extends Plan Filing Deadline to March 20
-----------------------------------------------------------
Judge Robert E. Nugent of the U.S. Bankruptcy Court for the
District of Kansas extended Gabel Lease Service, Inc.'s exclusive
period to file a plan up to and including March 20, 2017, and
exclusive period to solicit acceptance of and confirm a plan up to
and including May 19, 2017.

The Troubled Company Reporter had earlier reported that the Debtor
requested the Court to extend its time to file a disclosure
statement and plan, and retain exclusivity for approximately 45
days to allow for the claim-bar date of February 17, 2017 to pass
-- which would define the universe of claims against the Debtor's
estate -- and to have claim objections on file.

Originally, the Debtor constitutes a small-business debtor, but the
appointment of the Creditor's Committee excluded the Debtor from
that designation.  Consequently, significant insider transfers had
to be examined, which led the U.S. Trustee to request the
appointment of an examiner. The Debtor told the Court that these
factors, coupled with the large claim asserted by Larson that
required claims litigation, had provided sufficient complexity to
its case to complicate the formulation of a reorganization plan and
more importantly, the disclosures required in doing so.

The Debtor also told the Court that at the hearing on its Motion to
Impose a Co-debtor Stay, the Debtor presented what the Court
referred to as the "bones" of a Chapter 11 Plan, which included:

     -- the re-amortization of secured debt obligations owed to
First State Bank and John Deere Financial,

     -- the payment in full of priority unsecured debt, and  

     -- the payment of unsecured creditors over a 5-year period
from available cash flow.  

While there were certain "imponderables" to this plan as the Court
noted, the Debtor asserted that the "bones" of a plan it has
presented at least reflect a reasonably viable plan.

The Debtor further told the Court that it had been engaged in
negotiations with creditors, including John Deere Financial
regarding adequate protection payments.  Currently, the Debtor had
begun the process of conducting a comprehensive review and analysis
of these claims to, among other things, identify particular
categories of proofs of claim that may be targeted for disallowance
and expungement, reduction and allowance, or  reclassification and
allowance.  Additionally, the Debtor had been engaged in
discussions with certain key creditors and parties in interest
regarding its assets and liabilities and the resolution of certain
issues related thereto.

                     About Gabel Lease Service

Gabel Lease Service, Inc., operates as a roustabout company in and
around Ness City, Kansas.  GLS also sells pumping units to
customers. Due to the current economic climate, GLS's business
suffered a significant decrease in cash flow.  The drop in
oil-and-gas prices has decreased the frequency in which GLS
provides roustabout services to customers and decreased the number
of customers willing to purchase pumping units from GLS.

Early 2016, Larson Engineering, Inc., d/b/a Larson Operating Co.,
filed suit against GLS in Ness County District Court, alleging that
it purchased 28 Gabel pumping units in 2008 and 2009 from GLS and
took delivery of only 5 pumping unit over a 5-year period.

Eventually, on Dec. 7, 2015, Larson claims it demanded the delivery
of the remaining units and filed suit when GLS failed to do so.
Facing the Larson Suit and other cash-flow problems, Gabel Lease
Service filed a Chapter 11 petition (Bankr. D. Kan. 16-11948) on
Oct. 5, 2016.  The case is assigned to Judge Robert E. Nugent. The
petition was signed by Brian Gabel, president.  At the time of
filing, the Debtor estimated assets at $100,000 to $500,000 and
liabilities at $1 million to $10 million in estimated liabilities.

      
The Debtor is represented by Nicholas R. Grillot, Esq., at Hinkle
Law Firm, LLC.  The Debtor hired Keenan Law Firm, P.A. as special
counsel; and Adams, Brown, Beran & Ball, Chtd. as its accountant.

The Office of the U.S. Trustee appointed three creditors of Gabel
Lease Service, Inc., to serve on the official committee of
unsecured creditors. The committee members are: (1) Amerijet; (2)
Larson Engineering, Inc.; and (3) McDonald Tank Co.  The Committee
hired Tom R. Barnes II, Esq., at Stumbo Hanson, LLP as its legal
counsel.

The U.S. Trustee Samuel K. Crocker on Jan. 31, 2017, appointed two
additional members: Insurance Planning, Inc. and Dayton Security,
to serve on the official committee of unsecured creditors.


GARDEN FRESH: Court Extends Plan Filing Period Through May 1
------------------------------------------------------------
Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the
District of Delaware extended Garden Fresh Restaurant Intermediate
Holding, LLC's exclusive periods for filing a chapter 11 plan and
soliciting acceptances to the plan through May 1, 2017 and June 30,
2017, respectively.

              About Garden Fresh Restaurant
               Intermediate Holding, LLC.

Founded in 1978 and headquartered in San Diego, CA, Garden Fresh
owns of 123 Souplantation and Sweet Tomatoes restaurants across 15
states.  Garden Fresh has 5,500 employees, approximately 5,000 of
whom are employed on an hourly basis.

Garden Fresh Restaurant Intermediate Holding, LLC, and its
affiliates filed Chapter 11 petitions (Bankr. D. Del. Case
Nos.16-12174 to 16-12178) on Oct. 3, 2016.  The petitions were
signed by John D. Morberg, chief executive officer.

The Debtors have hired Morgan, Lewis & Bockius LLP as general
counsel; Young, Conaway, Stargatt & Taylor, LLP as local counsel;
Piper Jaffray Companies as financial advisor; and Epiq Bankruptcy
Solutions, LLC, as claims and noticing agent.

At the time of the filing, Garden Fresh Restaurant Intermediate
Holdings estimated assets and debts at $0 to $50,000.

Andrew R. Vara, Acting U.S. Trustee for Region 3, on Oct. 13, 2016,
appointed five creditors of Garden Fresh Restaurant Intermediate
Holdings, LLC, et al., to serve on the official committee of
unsecured creditors.


GASTAR EXPLORATION: Declares Monthly Cash Dividend on Pref. Stock
-----------------------------------------------------------------
Gastar Exploration Inc. has declared monthly cash dividends on its
8.625% Series A Preferred Stock and its 10.75% Series B Preferred
Stock for February 2017.

The dividend on the Series A Preferred Stock is payable on Feb. 28,
2017, to holders of record at the close of business on Feb. 17,
2017.  The February 2017 dividend payment will be an annualized
8.625% per share, which is equivalent to $0.1796875 per share,
based on the $25.00 per share liquidation preference of the Series
A Preferred Stock.  The Series A Preferred Stock is currently
listed on the NYSE MKT and trades under the ticker symbol
"GST.PRA."

The dividend on the Series B Preferred Stock is payable on Feb. 28,
2017, to holders of record at the close of business on Feb. 17,
2017.  The February 2017 dividend payment will be an annualized
10.75% per share, which is equivalent to $0.2239584 per share,
based on the $25.00 per share liquidation preference of the Series
B Preferred Stock.  The Series B Preferred Stock is currently
listed on the NYSE MKT and trades under the ticker symbol
"GST.PRB."

                   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.


GIGA-TRONICS INC: Incurs $575,000 Net Loss in Third Quarter
-----------------------------------------------------------
Giga-tronics Incorporated filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $575,000 on $3.20 million of net sales for the three months
ended Dec. 24, 2016, compared to a net loss of $602,000 on $4.48
million of net sales for the three months ended Dec. 26, 2015.

For the nine months ended Dec. 24, 2016, the Company reported a net
loss of $1.07 million on $11.03 million of net sales compared to a
net loss of $2.53 million on $11.92 million of net sales for the
nine months ended Dec. 26, 2015.

As of Dec. 24, 2016, Giga-tronics had $12.19 million in total
assets, $10.07 million in total liabilities and $2.12 million in
total shareholders' equity.

As of Dec. 24, 2016, Giga-tronics had $1.6 million in cash and cash
equivalents, compared to $1.3 million as of March 26, 2016. Working
capital was $684,000 at Dec. 24, 2016 compared to $1.8 million at
March 26, 2016.  The current ratio (current assets divided by
current liabilities) at December 24, 2016 was 1.07 compared to 1.23
at March 26, 2016.  The decrease in working capital was primarily
attributable to the Company's net loss.

"The Company has experienced delays in the development of features,
orders, and shipments for the new ASG.  These delays have
contributed, in part, to a decrease in working capital from $1.8
million at March 26, 2016, to $684,000 at December 24, 2016. The
new ASG product has shipped to several customers, but potential
delays in the development of features, longer than anticipated
sales cycles, or the ability to efficiently manufacture the ASG,
could significantly contribute to additional future losses and
decreases in working capital.

"To help fund operations, the Company relies, in part, on advances
under the line of credit with Bridge Bank.  The line of credit
expires on May 7, 2017.  The agreement includes a subjective
acceleration clause, which allows for amounts due under the
facility to become immediately due in the event of a material
adverse change in the Company's business condition (financial or
otherwise), operations, properties or prospects, or ability to
repay the credit based on the lender's judgment.  As of December
24, 2016, the line of credit had an outstanding balance of
$704,000, and additional borrowing capacity of $1.7 million.

"These matters raise substantial doubt as to our ability to
continue as a going concern, the Company stated in the report.

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

                     https://is.gd/OtZ5En

                      About Giga-Tronics

Headquartered in San Ramon, California, Giga-tronics Incorporated
includes the operations of the Giga-tronics Division and
Microsource Inc. (Microsource), a wholly owned subsidiary.
Giga-tronics Division designs, manufactures and markets the new
Advanced Signal Generator (ASG) for the electronic warfare market,
and switching systems that are used in automatic testing systems
primarily in aerospace, defense and telecommunications.

Giga-tronics incurred a net loss of $4.10 million for the year
ended March 26, 2016, following a net loss of $1.67 million for the
year ended March 28, 2015.


GOLDEN MARINA: Has Until April 25 to File Plan of Reorganization
----------------------------------------------------------------
Judge Donald R. Cassling of the U.S. Bankruptcy Court for the
Northern District of Illinois extended Golden Marina Causeway,
LLC's exclusive period for filing and soliciting acceptances to a
plan of reorganization to April 25, 2017.

The Debtor previously sought the extension of its exclusive period
for filing and soliciting acceptances to a plan of reorganization
from February 7, 2017 to June 6, 2017.

The Debtor contended that it was in the midst of selling its major
asset.  The Debtor further contended that a hearing to consider
approval of the sale is scheduled for April 4, 2017.

The Debtor told the Court that it had filed a plan, and intended to
file an amended plan on the date it presents its exclusivity
motion.  The Debtor further told the Court that in order for the
sale process to run its course, the Debtor needed a four-month
extension of the exclusive period in which only the Debtor could
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.



HALCON RESOURCES: Moody's Rates Proposed $700MM Notes at Caa1
-------------------------------------------------------------
Moody's Investors Service assigned a Caa1 rating to Halcon
Resources Corporation's proposed offering of $700 million senior
unsecured notes due 2025. Moody's also affirmed Halcon's B3
Corporate Family Rating (CFR), B3-PD Probability of Default Rating
(PDR), Caa1 rating on its senior secured second lien notes due 2020
and the SGL-3 Speculative Grade Liquidity (SGL) rating. The rating
outlook remains stable.

Net proceeds from the proposed notes issuance, together with
additional borrowings under Halcon's senior secured revolving
credit facility or cash on hand, will be used to fund the
repurchase and/or redemption of its $700 million 8.625% second lien
notes due 2020. Following the repurchase and/or redemption, Moody's
will withdraw its ratings on these second lien notes due 2020.
Moody's ratings are subject to review of all final documentation,
and the final amount of senior notes issuance.

"The proposed notes issuance is primarily a refinancing, through
which Halcon is addressing its nearer-term maturities of secured
notes, while it seeks to ramp up development over the next few
years on its repositioned, crude oil-focused asset base," commented
Amol Joshi, Moody's Vice President.

Issuer: Halcon Resources Corporation

Ratings Assigned:

Senior Unsecured Regular Bond/Debentures, Assigned Caa1 (LGD5)

Ratings Affirmed:

Corporate Family Rating, Affirmed B3

Probability of Default Rating, Affirmed B3-PD

Senior Secured Second Lien Notes due 2020, Affirmed Caa1 (LGD5)

Speculative Grade Liquidity Rating, Affirmed SGL-3

Outlook Action:

Outlook, Remains Stable

RATINGS RATIONALE

Halcon's proposed senior unsecured notes due 2025 are rated Caa1,
one notch below the B3 CFR under Moody's Loss Given Default
Methodology. This notching reflects the priority claim given to the
senior secured revolving credit facility and Halcon's outstanding
senior secured second lien notes due 2022 (unrated) that are
expected to remain outstanding in the capital structure. If the
proportion of secured debt to senior unsecured notes increases in
the future and remains high for an extended period, the company's
senior unsecured notes could get downgraded.

Halcon's B3 CFR reflects its modest scale with average daily
production expected to approach 40,000 barrels of oil equivalent
(boe) per day in 2017, with a drilling program focused on the
Bakken, and a ramp up of activity on its recently acquired Delaware
basin acreage. The company's cash flows benefit from a high
proportion of oil in its production mix, which was 76% of
production in the third quarter of 2016. Halcon has successfully
reduced its debt and interest expense burden through the bankruptcy
process from previously unsustainable levels, and the company's
production and reserve-based leverage metrics have improved to be
in line with its B3-rated peers. The rating is constrained by the
company's relatively high operating, gathering and transportation
costs on its existing production relative to some other prolific
basins, and which require higher oil prices to break even. While
the company's existing inventory of economic drilling locations is
somewhat limited at low oil prices, it will expand considerably
upon the closing of its Delaware Basin acreage acquisition,
providing Halcon with a multi-year drilling inventory at favorable
economics. However, Moody's also recognizes that Halcon will
require funding under its revolver to develop the acreage, which
could weaken leverage metrics if oil prices remain low. In
addition, the company's 2017 cash flow is expected to fall relative
to 2016, as a large portion of its production rolls into weaker
hedge pricing in 2017, limiting the company's ability to grow
without raising additional debt or equity capital.

Halcon's SGL-3 Speculative Grade Liquidity Rating reflects adequate
liquidity through 2017. Halcon had $369 million of liquidity as of
September 30, 2016, which included $2 million of cash and $367
million available under its revolving credit facility with a $600
million borrowing base. To fund the Delaware Basin acquisition,
Halcon is utilizing the proceeds from the private placement of $400
million in automatically convertible preferred stock and the sale
of its El Halcon assets in East Texas which are expected to bring
in gross proceeds of $500 million. Halcon also has options to
purchase up to 15,040 net acres located primarily in Ward County,
Texas, and it could cost up to an additional $165 million to
purchase this acreage. Negative free cash flow is expected to be
funded by borrowings under the revolving credit facility. Upon
repurchase and/or redemption of Halcon's 2020 second lien notes,
the company's nearest maturity will be the senior secured credit
facility, which matures on July 28, 2021. The credit facility has
two financial covenants: a Total Net Indebtedness Leverage Ratio of
4.75x, which steps down to 4.50x and 4.00x on September 30, 2017
and March 31, 2019, respectively, and a Current Ratio of 1.0x,
beginning with the fiscal quarter ending December 31, 2016. At
September 30, 2016, the company was in compliance with its
financial covenants, and Moody's expects Halcon will maintain
compliance through 2017, but headroom under its net leverage
covenant will decline over the remainder of this year.

The rating could be upgraded if the company sustains production
above 40 thousand boe/day and proved developed reserves above 75
million boe, while retained cash flow to debt exceeds 20% on a
sustained basis after its hedges roll off. The rating could be
downgraded if production falls materially below expectations, or if
the company undertakes significant debt-funded acquisitions. The
rating could also be downgraded if retained cash flow to debt falls
below 10% or if liquidity significantly deteriorates.

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

Halcon Resources Corporation is an independent exploration and
production company engaged in the acquisition, production,
exploration and development of onshore oil and natural gas
properties in the United States.


HALCON RESOURCES: S&P Assigns 'B-' Rating on New Sr. Unsec. Debt
----------------------------------------------------------------
S&P Global Ratings said that it assigned a 'B-' issue-level rating
and a '3' recovery rating to U.S.-based exploration and production
company Halcon Resources Corp.'s new senior unsecured debt.  The
'3' recovery rating indicates S&P's expectation of meaningful (50%
to 70%, lower end of range) recovery in the event of default.

S&P also raised the issue-level rating to 'B+' from 'B-' and
revised the recovery rating to '1' from '3' on the company's
secured second-lien debt.  The '1' recovery rating indicates S&P's
expectation of very high (90% to 100%) recovery in the event of
default.

The corporate credit rating remains 'B-' with a stable outlook.

The higher rating on the company's second-lien secured debt, and
revision of the recovery rating, incorporates the Feb. 9, 2017,
announcement that the company will be issuing unsecured debt to
fund the repurchase of existing second-lien notes, which had been
scheduled to mature in 2020.  As a result, the recovery prospects
on the company's outstanding second-lien secured notes maturing in
2022 will improve.

RATINGS LIST

Halcon Resources Corp.
Corporate credit rating                   B-/Stable/--

New Ratings
Halcon Resources Corp.
New sr unsecd debt                       B-
  Recovery rating                         3L

Issue-Level Rating Raised; Recovery Rating Revised
                             To           From
Sr secd 2nd-Lien Debt       B+           B-
  Recovery Rating            1            3H



HARLAND CLARKE: Moody's Assigns B1 Rating to Term Loan B-5
----------------------------------------------------------
Moody's Investors Service assigned a B1 rating to Harland Clarke
Holdings Corp.'s term loan B-5 in connection with a maturity
extension to 2021. Moody's also announced that the B1 rating on
term loan B-6 is unchanged following the proposed $325 million add
on. Harland Clarke's B2 Corporate Family Rating (CFR) and stable
rating outlook are also unchanged.

Harland Clarke has proposed an extension of the maturity of the
term loan B-5 to December 2021 from December 2019 and a $325
million add on to the recently issued term loan B-6. The use of
proceeds of the term loan B-6 add on will be to refinance the rest
of the term loan B-4 that matures in August 2019 as well as pay
transaction fees. Earlier in February, the company issued a $550
million term loan B-6 and a $350 million senior secured note due
2022 that refinanced 2018 debt, consisting of the term loan B-3 and
9.75% notes, and part of 2019 maturities.

The add on term loan B-6 and extension of the maturity of the term
loan B-5 to December 2021 are credit positive as the actions will
further extend the maturity date of Harland Clarke's debt structure
so that the next material maturity will be the $275 senior secured
notes due 2020. Recent transactions have materially lowered near
term refinancing risk. The existing B1 ratings of the B-3, B-4, and
B-5 term loans and 9.75% notes will be withdrawn upon repayment
confirmation.

The following is a summary of actions:

Issuer: Harland Clarke Holdings Corp.

Proposed $760 million term loan B-5 due December 2021, assigned a
B1 (LGD3)

Corporate Family Rating, unchanged at B2

Probability of Default Rating, unchanged at B2-PD

Upsized $875 million (from $550 million) term loan B-6 due
February 2022, unchanged at B1 (LGD3)

Existing $350 million senior secured note due August 2022,
unchanged at B1 (LGD3)

Existing term loan B-3 due May 2018, unchanged at B1 (LGD3)

Existing term loan B-4 due August 2019, unchanged at B1 (LGD3)

Existing term loan B-5 due December 2019, unchanged at B1 (LGD3)

Existing senior secured notes due August 2018, unchanged at B1
(LGD3)

Existing senior secured notes due March 2020, unchanged at B1
(LGD3)

Existing senior unsecured notes due March 2021, unchanged at Caa1
(LGD5)

Outlook Rating, remains at Stable

RATINGS RATIONALE

Harland Clarke's B2 CFR reflects Moody's ongoing concern that the
combined business model is subject to secular decline in both its
check printing and Valassis' print based advertising model. While
the decline in checks has moderated, Moody's expects the business
to remain in secular decline due to new and evolving payment
alternatives. The Valassis division faces pressure from the secular
demand shift of advertisers' marketing spend and distribution to
Internet-based / digital media channels, as well as the ensuing
pricing pressure on traditional print-based media. Moody's
anticipates secular pressures to be moderate in the near term as
there will be demand for both products for an extended period of
time, but pressure has the potential to increase over time. The
Scantron division, which is the smallest division, is also expected
to remain under pressure due to the maturity of its form products.
The ratings reflect the company's leverage of 4.6x for the LTM
ended Q3 2016 including Moody's standard adjustments. The history
of sponsor friendly and related party transactions are also
reflected in the ratings.

Harland Clarke has a good track record of mitigating volume
declines with price increases and costs savings, but Moody's
remains concerned these efforts will not be sufficient to prevent
top line erosion if check volume declines should accelerate in the
future. The acquisition of Valassis has enabled Harland Clarke to
diversify its business lines and expand its customer base for which
Valassis provides advertising and media delivery campaigns via its
Shared Mail, Freestanding Inserts, and its smaller Digital Media
businesses. Moody's considers client spend to be cyclical, but
believes the consumer value-oriented nature of the product
offerings (including promotions and coupons) somewhat dampens the
cyclicality since advertisers often reallocate marketing budgets to
this type of advertising during economic downturns. Harland Clarke
has achieved meaningful operational cost synergies and Moody's
anticipates additional costs savings to be realized going forward.
The ratings are also supported by the company's good cash flow
generation from its portfolio of businesses, EBITDA margins of 19%
(as calculated by Moody's), and the 10% debt amortization
requirement on the term loan B-5 and 2.5% requirement on the
upsized term loan B-6 which accelerates debt repayment.

Harland Clarke is expected to have good liquidity due to good free
cash flow and a cash balance of $62 million as of Q3 2016. The
company also has a $150 million asset backed revolver with $138
million of availability after accounting for $12 million of L/Cs
outstanding as of Q3 2016. The asset back revolver matures in
February 2018, but Moody's expects the company will look to extend
the maturity or refinance the facility in the near term. EBITDA to
Interest coverage ratios are expected to be approximately 2.4x
going forward. The term loans are covenant lite. The proposed
transactions extend the maturity date of its debt structure so that
the next debt maturity will be $275 million of senior secured notes
due March 2020.

The stable outlook reflects Moody's expectation that Harland Clarke
will continue to generate good cash flow over the next 12 -18
months, seek to reinvest cash through acquisitions and investments,
and utilize cash to fund required term loan amortization payments.
Moody's also expects total leverage will be in the mid 4x level
over the next twelve months aided by required debt repayments.

Ratings could be upgraded if the company demonstrates stable
organic revenue and EBITDA trends and debt-to-EBITDA leverage
declines below 4x on a sustained basis with all near term
maturities addressed. Confidence that the company would maintain
financial policies that keep leverage below 4x on an ongoing basis
would also be required.

A downgrade could occur if results suffer from accelerated
deterioration in price or volume in its check business, demand and/
or pricing for Valassis' print-based marketing products erode at a
faster-than-expected pace, a loss of market share, debt funded
acquisitions, or distributions to the parent company that result in
debt-to-EBITDA increasing above 5.5x. A weak liquidity position
could also lead to a downgrade.

The principal methodology used in this rating was Global Publishing
Industry published in December 2011.

Harland Clarke Holdings Corp., headquartered in San Antonio, TX, is
a provider of check and check related products, direct marketing
services and customized business and home office products to
financial services, retail and software providers as well as
consumers and small businesses, and through its Scantron division,
data collection, testing products, scanning equipment and tracking
services to educational, commercial, healthcare and government
entities. Its Valassis division offers clients mass delivered and
targeted programs to reach consumers primarily consisting of shared
mail, newspaper and digital delivery in addition to coupon clearing
and other marketing and analytical services. M&F Worldwide Corp.
acquired check and related product provider Clarke American Corp.
in December 2005 for $800 million and subsequently acquired the
John H. Harland Company in May 2007 for $1.4 billion. M&F merged
the two companies to form Harland Clarke. M&F's remaining publicly
traded shares were acquired by portfolio company, MacAndrews &
Forbes Holdings, Inc. ("MacAndrews") on December 21, 2011.
MacAndrews is wholly owned by Ronald O. Perelman. Harland Clarke
acquired Valassis Communications, Inc. ("Valassis") on February 4,
2014. Reported revenue for the last twelve months ending Q3 2016
was $3.5 billion.


HARTFORD COURT: Can Use Hinsdale Bank Cash on Interim Basis
-----------------------------------------------------------
Judge Jack B. Schmetterer of the U.S. Bankruptcy Court for the
Northern District of Illinois authorized Hartford Court
Development, Inc. to use the cash collateral of Hinsdale Bank &
Trust Company, as successor-in-interest to Suburban Bank and Trust,
through March 6, 2017.

The Debtor's use of cash collateral is limited to the expenses
outlined in the approved Budget for operations of the Debtor's
business and the administration of its Chapter 11 case.  The
approved monthly Budget provides for total operating expenses of
approximately $8,903.

As of the Petition Date, Hinsdale Bank is owed approximately
$822,848.  Hinsdale Bank holds a valid first priority security
interest in and lien on the Debtor's properties, commonly known
as:

     (a) 5306 N. Cumberland Ave., Units 310-3, 321-3, 323-3, 412-3,
504-3, 510-3 and 520-3 Chicago, IL 60656;

     (b) 5348 N. Cumberland Ave., Units 304-2, 308-2, 404-2 and
408-2 Chicago, IL 60656; and

     (c) 5358 N. Cumberland Ave., Units 405-2, 409-2 and certain
Parking Spots Chicago, IL 60656

The Debtor represented that absent the use of cash collateral, the
Debtor would not have sufficient available sources of working
capital and financing to operate its Properties or business in the
ordinary course of business and maintain its Property in accordance
with State and Federal laws.

Hinsdale Bank was granted replacement liens on all assets of the
Debtor, including rents and proceeds thereof, to the same extent,
validity and priority existing as of the Petition Date.  As
additional adequate protection, the Debtor will make monthly
payments in the amount of $4,866 to Hinsdale Bank, commencing on
February 10, 2017.  

The Debtor was directed to maintain insurance coverage for the
Properties at all times during its Chapter 11 case.  The Debtor was
also directed to remain current on all post-petition property tax
obligations for the Properties, including the obligation to escrow
funds in equal monthly amounts sufficient to enable the Debtor to
timely pay all post-petition property taxes.

The Debtor was ordered to deliver to Hinsdale Bank reasonable
financial and other information concerning its business and
affairs, including, monthly rent rolls, monthly operating reports
filed with the Court, and financial and information as required
under the Loan Documents.  The Debtor was further ordered to
cooperate and permit Hinsdale Bank to perform inspection and
valuation of the Properties.

A status hearing on the Debtor's use of cash collateral is
scheduled on March 3, 2017 at 10:30 a.m.

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

           About Hartford Court Development, Inc.

Hartford Court Development, Inc. is an Illinois corporation that
owns and manages 14 residential condominiums and their related
parking spaces, all located in the 5300 block of North Cumberland
Avenue, Chicago, IL.

Hartford Court Development, Inc. filed a Chapter 11 petition
(Bankr. N.D. Ill. Case No. 17-01356), on January 17, 2017.  The
Petition was signed by Paula Walega, President.  The case is
assigned to Judge Jack B. Schmetterer.  The Debtor is represented
by David P. Lloyd, Esq. at David P. Lloyd, Ltd.  At the time of
filing, the Debtor estimated assets and liabilities at $500,000 to
$1 million each.


HEALTH DIAGNOSTIC: Consumers Can Challenge Trustee's Collections
----------------------------------------------------------------
Dani Kass, writing for Bankruptcy Law360, report that U.S. District
Judge John A. Gibney vacated a bankruptcy judge's preliminary
injunction order, and has allowed consumers to continue challenging
collections being made by the trustee of Health Diagnostic
Laboratories.

According to Law360, Judge Gibney found that the bankruptcy judge's
preliminary injunction didn't justify the legal factors needed to
support its issuance, and that the exemptions to the injunction are
too poorly defined to be enforced.

                     About Health Diagnostic

Health Diagnostic Laboratory, Inc., Central Medical Laboratory,
LLC, and Integrated Health Leaders, LLC, are health care
businesses based in Richmond, Virginia.  HDL is a blood testing
company.

Health Diagnostic Laboratory, Inc. (Bankr. E.D. Va. Case No.
15-32919) and affiliates Central Medical Laboratory, LLC (Bankr.
E.D. Va. Case No. 15-32920) and Integrated Health Leaders, LLC
(Bankr. E.D. Va. Case No. 15-32921) filed separate Chapter 11
bankruptcy petitions on June 7, 2015.  The petitions were signed
by Martin McGahan, chief restructuring officer.  

HDL disclosed $96,130,468 in assets and $108,328,110 in
liabilities as of the Chapter 11 filing.

Justin F. Paget, Esq., Tyler P. Brown, Esq., Jason W. Harbour,
Esq., and Henry P. (Toby) Long, III, Esq. at Hunton & Williams LLP
serve as the Debtors' bankruptcy counsel.  

Alvarez & Marsal is the Debtors' financial advisor.  Robert S.
Westermann, Esq., at Hirshler Fleisher, P.C., serve as the
Debtors' conflicts counsel.  American Legal Claims Services, LLC,
is the Debtors' claims, noticing and balloting agent.  Ettin
Group, LLC, will market and sell the miscellaneous equipment and
other assets.

MTS Health Partners, L.P., serves as investment banker.

To assist them with their restructuring efforts and to help
maximize the value of their estates, the Debtors filed with the
Court an application seeking entry of an order authorizing the
Debtors to retain Alvarez & Marsal Healthcare Industry Group, LLC
("A&M") to provide the Debtors with a Chief Restructuring Officer
and certain additional personnel.  Richard Arrowsmith is presently
the CRO.

On June 16, 2015, the Office of the United States Trustee for the
Eastern District of Virginia appointed the Committee, consisting
of the following seven members: (i) Oncimmune (USA) LLC; (ii)
Aetna, Inc.; (iii) Pietragallo Gordon Alfano Bosick & Raspanti,
LLP; (iv) Mercodia, Inc.; (v) Numares GROUP Corporation; (vi)
Kansas Bioscience Authority; and (vii) Diadexus, Inc.  On Sept. 23,
2015, Oncimmune (USA) LLC resigned from the Committee and, on Nov.
3, 2015, the U.S. Trustee appointed Cleveland Heart Lab, Inc. to
the Committee.

The Creditors Committee retained Cooley LLP as its counsel and
Protiviti Inc. as its financial advisor.

                          *     *     *

On Nov. 5, 2015, the Court entered an order setting Dec. 22, 2015,
as the Bar Date for the filing of all proofs of claim.

The Debtors have sold substantially all of their operating assets
pursuant to two separate sales approved by the Court.

On Jan. 4, 2016, the Debtors filed a proposed Plan of Liquidation
and Disclosure Statement.

The Troubled Company Reporter on May 20, 2016, reported that Judge
Kevin R. Huennekens of the U.S. Bankruptcy Court for the Eastern
District of Virginia, Richmond Division, overruled the objections
to Health Diagnostic Laboratory, Inc., et al.'s Modified Second
Amended Plan of Liquidation and approved the Liquidating Plan and
approved the Plan.


HHH CHOICES: Taps Lippes Mathias Wexler Friedman as Legal Counsel
-----------------------------------------------------------------
HHH Choices Health Plan, LLC , Hebrew Hospital Senior Housing,
Inc., and Hebrew Hospital Home of Westchester, Inc., as debtors and
debtors-in-possession, seek permission from the U.S. Bankruptcy
Court for the Southern District of New York to employ Lippes
Mathias Wexler Friedman LLP as legal counsel and transition Harter
Secrest & Emery LLP to special legal counsel to the Debtors nunc
pro tunc to January 23, 2017.

LMWF's services will include assisting, advising and representing
the Debtors with respect to:

     a) The administration of the Chapter 11 Case and the exercise
of oversight with respect to the Debtors' affairs, including all
issues in connection with the Debtors, the Committees or the
Chapter 11 Case;

     b) The preparation on behalf of the Debtors of necessary
applications, motions, memoranda, orders, reports and other legal
papers;

     c) Appearances in Court and at statutory meetings of creditors
to represent the interests of the Debtors;

     d) The negotiation, formulation and confirmation of a plan or
plans of reorganization or liquidation, and matters related
thereto;

     e) Such investigation, if any, as the Debtors may desire
concerning the assets, liabilities, financial condition, sale of
any of the Debtors' businesses, and operating issues concerning the
Debtors that may be relevant to the Chapter 11 Case;

     f) Communications with the Debtors' constituents and others at
the direction of the Debtors in furtherance of their
responsibilities under the Bankruptcy Code; and

     g) The performance of all of the Debtors' duties and powers
under the Bankruptcy Code, FED. R. BANKR. P. and such other
services as are in the interests of those represented by the
Debtor.

HSE is expected to render legal services for the Debtors with
regard to regulatory, healthcare and employment/employee benefits
matters. HSE was already providing these services to the Debtors as
approved legal counsel, so this Application will simply allow for
those ongoing, and critical, services to continue without
interruption or harm to the Debtors and their estates.

Professionals who will be primarily responsible for LMWF's
representation of the Debtors (together with their 2017 hourly
billing rate) are:
              
          Name            Level           Hourly Rate
     Raymond L. Fink     Partner            $468
     John A. Mueller     Partner            $332
     Stacey L. Moar      Senior Associate   $275
     TBD                 Paralegal          $100-200

Professionals who will be primarily responsible for HSE's
representation of the Debtors (together with their 2017 hourly
billing rate) are:

          Name            Level           Hourly Rate
     Richard T. Yarmel   Partner            $468
     Colleen M. Allen    Associate          $295
     Rayza R. Santiago   Associate          $259
     Susan Matthews      Paralegal          $196
     Tracy Amplement     Paralegal          $175

Raymond L. Fink, Esq., member of the law firm of Lippes Mathias
Wexler Friedman LLP, attests that LMWF is a "disinterested person"
within the meaning of Section 101(14) of the Bankruptcy Code; has
no direct connection with the Debtors' creditors or any other
party-in-interest; and does not hold or represent any interest
adverse to the Debtors in the matters for which it is to be
retained.  

Richard T. Yarmel, Esq., member of the law firm of Harter Secrest &
Emery LLP, attests that HSE is a "disinterested person" within the
meaning of Section 101(14) of the Bankruptcy Code.

The Firms can be reached through:

     Raymond L. Fink, Esq.
     John A. Mueller, Esq.
     LIPPES MATHIAS WEXLER FRIEDMAN LLP
     50 Fountain Plaza, Suite 1700
     Buffalo, NY 14202-2216
     Tel: (716) 853-5100
     Email: rfink@lippes.com
            jmueller@lippes.com

         -- and --

     Richard T. Yarmel, Esq.
     HARTER SECREST & EMERY LLP
     1600 Bausch and Lomb Place
     Rochester, NY 14604
     Phone: 585-231-1268
     Fax: 585-232-2152
     Email: ryarmel@hselaw.com

                    About HHH Choices Health Plan, LLC

Three alleged creditors owed about $1.9 million submitted an
involuntary Chapter 11 petition for HHH Choices Health Plan, LLC on
May 4, 2015 (Bankr. S.D.N.Y. Case No. 15-11158) in Manhattan.  The
petitioners are The Royal Care, Inc., (allegedly owed $772,762),
Amazing Home Care Services ($1,178,752), and InterGen Health LLC
($42,298), all claiming that they are owed by the Debtor for
certain services rendered. They all tapped Marc A. Pergament, Esq.,
at Weinberg, Gross & Pergament, LLP, in Garden City, New York, as
counsel.

With the consent from the board of directors, the Debtor filed a
notice of consent to order for relief on June 1, 2015, and an order
for relief was entered on June 22, 2015.

Judge Michael E. Wiles oversees the case.

On Jan. 14, 2016, the Bankruptcy Court entered an order
administratively consolidating the chapter 11 case of the Debtor
with the chapter 11 cases of its affiliates, HHH Choices Health
Plan, LLC and Hebrew Hospital Home of Westchester, Inc. (Case Nos.
15-11158, 15-13264, and 16-10028).

HHH Choices Health Plan, LLC tapped Harter Secrest & Emery LLP as
legal counsel.

On Dec. 28, 2015, the U.S. Trustee for Region 2, appointed five
members to the Committee. The current members of the Committee are:
(a) 1199 SEIU Benefit and Pension Funds; (b) Andrea Taber, Esq. on
behalf of Lucille and Selig Popik; (c) Richard A. Bobbe; (d) Mary
Blumenthal-Lane on behalf of Julie Blumenthal; and (e) Peter Clark
on behalf of Ann Clark.

Thomas R. Califano, Esq. at DLA Piper LLP (US), represents the
Committee. The panel tapped Farrell Fritz, P.C. as counsel,
CohnReznick LLP, as its financial advisor.


HILL-ROM HOLDINGS: Moody's Assigns B1 Rating to New Unsec. Notes
----------------------------------------------------------------
Moody's Investors Service assigned a B1 to Hill-Rom Holdings,
Inc.'s new senior unsecured note offering. Hill-Rom's existing
ratings, including its Ba2 Corporate Family Rating (CFR), Ba2-PD
Probability of Default rating and B1 senior unsecured notes, remain
unchanged. Proceeds from this note offering will be used to
partially fund the $330 million acquisition of Mortara Instrument,
Inc., a maker of hospital-based cardiology diagnostic equipment and
products. The rating outlook is stable.

Moody's took the following rating actions on Hill-Rom Holdings,
Inc.:

Ratings assigned:

New senior unsecured notes at B1 (LGD5)

Existing $425 million, 5.75% senior unsecured notes, rating
unchanged, LGD assessment revised to LGD5 from LGD6.

RATINGS RATIONALE

"Despite incremental debt, Moody's expects Hill-Rom to bring
leverage back to current levels relatively quickly as it uses free
cash flow to pay down borrowings," said Diana Lee, a Moody's Senior
Credit Officer. Mortara is a moderately-sized acquisition that is
consistent with Hill-Rom's M&A strategy and Moody's expectations.
Mortara will complement Hill-Rom's presence in primary care
cardiology diagnostic products, which were acquired with its Welch
Allyn acquisition. Importantly, this will help Hill-Rom diversify
its product lines away from the cyclical capital equipment
markets.

Hill-Rom's Ba2 CFR reflects the company's considerable product and
segment concentration within cyclical capital equipment
end-markets, and its exposure to hospital customers that are facing
reimbursement and volume pressures. It also reflects the company's
moderate size compared to its largest competitor. Hill-Rom will
remain acquisitive, although Moody's does not expect targets to be
as large as Welch Allyn, acquired in 2015. The rating is supported
by the company's leading position in the acute care hospital bed
market, and very good progress on its integration of Welch Allyn.

The stable rating outlook incorporates Moody's expectation that
Hill-Rom will refocus on reducing financial leverage, by lowering
gross debt and by improving earnings. This will be supported by new
product launches.

Moody's could downgrade the ratings if Hill-Rom undertakes
additional large acquisitions or shareholder distributions. The
ratings could be downgraded if Hill-Rom does not deleverage such
that debt/EBITDA is sustained above 4.0 times over the next 12 to
18 months. If liquidity materially deteriorates, the ratings could
also be downgraded. Over time, Moody's could upgrade the ratings if
Hill-Rom can sustain positive organic sales growth and continues to
improve its product diversification. Debt/EBITDA sustained at
around 3.0 times could further support an upgrade.

Hill-Rom's SGL-2 Speculative Grade Liquidity Rating reflects
Moody's expectation of good liquidity over the next 12 to 18
months. This is supported by healthy cash balances and free cash
flow, as well as ample availability under the company's $700
million revolving credit facility.

The principal methodology used in this rating was that for the
Global Medical Product and Device Industry published in October
2012.

Hill-Rom Holdings, Inc. is primarily a manufacturer and provider of
patient support systems (e.g., hospital beds and therapeutic
surfaces), mobility solutions, patient monitoring equipment, and
certain surgical and respiratory products. Revenue was
approximately $2.6 billion for the twelve months ended December 31,
2016.


HILL-ROM HOLDINGS: S&P Assigns 'BB' Rating on $300MM Sr. Notes
--------------------------------------------------------------
S&P Global Ratings assigned its 'BB' issue-level rating to Hill-Rom
Holdings Inc.'s $300 million proposed senior unsecured notes. The
recovery rating on this debt is '5', indicating expectations for
modest (10%-30%, in the low end of the range) recovery in a
default.  S&P expects the company will use proceeds to help fund
the planned $330 million acquisition of Mortara Instruments Inc.

S&P's 'BB+' corporate credit rating on Hill-Rom is unchanged, and
the outlook is stable.  Hill-Rom's business risk is predicated on
its well-established position as a provider of medical technologies
and related services for the health care industry, including
hospital beds, safe mobility and handling solutions, medical
equipment rentals, surgical products, and IT solutions.  In
addition, the company benefits from increasing breadth and brand
awareness as a result of recent acquisitions within vital signs and
patient monitoring technologies and operating-room devices.  The
company has strong brand loyalty with hospital beds and uses this
to expand its presence further into diagnostics.

S&P expects the company will continue to operate with adjusted debt
leverage of 3.5x-4.5x for 2017 and beyond.  With expected cash flow
of more than $150 million in the projection periods, S&P believes
that acquisitions will be a part of the company's growth and
diversification strategy, particularly with a focus on expanding
the higher-margin software component of its business.  S&P expects
the company to use cash for these, thereby maintaining base-case
leverage expectations.

S&P's stable rating outlook on Hill-Rom Holdings Inc. reflects
S&P's expectation that the company will operate with debt leverage
of 3.5x-4.5x over the next two years.  This incorporates S&P's view
that Hill-Rom's acquisitions will lead to EBITDA growth.

RATINGS LIST

Hill-Rom Holdings Inc.
Corporate Credit Rating             BB+/Stable/--

New Rating

Hill-Rom Holdings Inc.
$300 Mil. Senior Unsecured Notes    BB
   Recovery Rating                   5L



HOMER CITY GENERATION: US Trustee Tries to Block Disclosures OK
---------------------------------------------------------------
Andrew R. Vara, the Acting United States Trustee for Region 3,
filed with the U.S. Bankruptcy Court for the District of Delaware
an objection to Homer City Generation, L.P.'s disclosure statement
dated Jan. 9, 2017, for the prepackaged Chapter 11 plan of
reorganization.

The Debtor has worked with the U.S. Trustee to resolve almost all
of his objections.  The parties were unable to resolve two
remaining objections (1) the Plan contains non-consensual third
party releases that are contrary to applicable law; and (2) the
Plan impermissibly seeks to provide "exculpation" to the
Reorganized Debtor for any claims "arising out of the discharge of
the powers and duties" conferred onto it, including making
distributions to holders of pass-through claim.

Vince Sullivan, writing for Bankruptcy Law360, relates that the
U.S. Trustee said the provisions in the Plan provide third-party
releases that are too broad and exculpate the debtor in claims
stemming from future conduct.  The U.S. Trustee's representative,
Linda J. Casey, said that potentially thousands of people will be
granted releases from third parties, including creditors who won't
have to give their consent to the releases, Law360 states.

The Objection is available at:

            http://bankrupt.com/misc/deb17-10086-140.pdf

A hearing to consider the objection will be held on Feb. 15, 2017,
at 10:30 a.m.  

As reported by the Troubled Company Reporter on Jan. 18, 2017, the
Debtor filed with the Court a disclosure statement dated Jan. 9,
2017, for the prepackaged Chapter 11 plan of reorganization.  Under
the Plan, Class 4 General Unsecured Claims are unimpaired, and the
holders are expected to recover 100%.  

                        About Homer City

Homer City Generation, L.P., is the owner of a coal-fired,
independent power production plant located in Homer City,
Pennsylvania, about 45 miles east of Pittsburgh.

Non-debtor EFS Homer City, LLC owns 95.04% of the partnership
interests of Homer City.  Metropolitan Life Insurance Company,
which is also not a Debtor in these cases, owns 4.96% of the
partnership interests of Homer City.

Homer City filed a voluntary case under Chapter 11 of the
Bankruptcy Code (Bankr. D. Del. Case No. 17-10086) on Jan. 11,
2017.  The case has been assigned to Judge Mary F. Walrath.  At the
time of filing, the Debtor estimated assets at $1 billion to $10
billion and liabilities at $500 million to $1 billion.

The Debtor is represented by Joseph Charles Barsalona II, Esq.,
Mark D. Collins, Esq., Andrew Dean, Esq. and Russell C.
Silberglied, Esq., at Richards; PJT Partners serves as its
financial advisor and Zolfo Cooper as its restructuring advisor.
Epiq Bankruptcy Solutions, LLC, serves as the Debtor's claims and
administrative advisor.

O'Melveny and Myers LLP and Young Conaway Stargatt & Taylor, LLP,
serve as legal advisors to the ad hoc group of noteholders and
Houlihan Lokey serve as the financial advisor to the ad hoc group
of noteholders.


HOUSTON AMERICAN: Remains Non-Compliant with NYSE Listing Rule
--------------------------------------------------------------
Houston American Energy Corp. announced receipt, on Feb. 6, 2017,
of notification from NYSE Regulation that the Company continues to
be in non-compliance with the NYSE MKT's continued listing
standards and that the listing of the Company's common stock was
being continued pursuant to an extension.

The notification cited continued failure to comply with Section
1003(a)(iii) of the NYSE MKT Company Guide as a result of the
Company's failure to maintain stockholder's equity of at least $6
million coupled with reported net losses in its five most recent
fiscal years.  The notification also cited failure to comply with
Section 1003(f)(v) of the Company Guide as a result of the
continued trading of the Company's common stock at a low price.

The Company's common stock has continued to be listed on the NYSE
MKT pursuant to a plan, submitted by the Company, to regain
compliance with applicable listing standards.  Pursuant to the
notification, NYSE Regulation has granted to the Company an
extension to the cure period with respect to its stock price
through Feb. 28, 2017.  If the Company is not in compliance with
the continued listing standards by Feb. 28, 2017, or if it does not
make progress consistent with the plan in the interim, the NYSE
Regulation staff may initiate delisting proceedings as
appropriate.

The NYSE MKT notice has no immediate impact on the listing of the
Company's common stock, which will, while the Company attempts to
regain compliance with the NYSE MKT listing standards and subject
to periodic review by NYSE Regulation, continue to trade on the
NYSE MKT under the symbol "HUSA," with the added designation of
".BC" to indicate that the Company is not in compliance with the
NYSE MKT's listing standards.

              About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp.
(NYSEMKT:HUSA) -- http://www.HoustonAmericanEnergy.com/-- is an
independent energy company with interests in oil and natural gas
wells, minerals and prospects.  The Company's business strategy
includes a property mix of producing and non-producing assets with
a focus on Texas, Louisiana and
Colombia.

As of Sept. 30, 2016, Houston American had $4.30 million in total
assets, $45,176 in total liabilities and $4.25 million in total
shareholders' equity.

Houston American reported a net loss of $3.83 million for the year
ended Dec. 31, 2015, compared to a net loss of $4.35 million for
the year ended Dec. 31, 2014.

GBH CPAs, PC, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has suffered recurring
losses from operations, which raises substantial doubt about its
ability to continue as a going concern.


IDDINGS TRUCKING: Seeks to Hire Mulligan Topy as Accountant
-----------------------------------------------------------
Iddings Trucking, Inc. seeks approval from the U.S. Bankruptcy
Court for the Southern District of Ohio to hire an accountant.

The Debtor proposes to hire Mulligan, Topy & Co. to prepare tax
returns, develop and implement financial management models,
formulate strategies for the reorganization of its financial
affairs, and provide other services related to its Chapter 11
case.

The hourly rates charged by the firm are:

     Stan Topy, CPA                  $180
     Kyle Topy, Manager              $120
     Sharon Topy, Admin Assistant     $75

Stan Topy, a certified public accountant employed with Mulligan,
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:

     Stan Topy
     Mulligan, Topy & Co.
     676 Brook Hollow
     Gahanna, OH 43230
     Tel: (614) 471-1040
     Fax: (614) 471-1068
     Email: katopy@mulligantopy.com

                     About Iddings Trucking

Iddings Trucking, Inc., filed a chapter 11 petition (Bankr. S.D.
Ohio Case No. 16-58202) on Dec. 30, 2016.  The petition was signed
by George C. Loeber, president.  The Debtor is represented by John
W. Kennedy, Esq. and Myron N. Terlecky, Esq., at Strip Hoppers
Leithart McGrath & Terlecky Co., LPA.  The case is assigned to
Judge Kathryn C. Preston. The Debtor estimated assets and
liabilities at $1 million to $10 million.

The Debtor is in the business of commercial trucking.  Its
principal place of business is located at 741 Blue Knob Road,
Marietta, Ohio 45750.  The Debtor has been in business for more
than 50 years as it was founded in 1966.  The Debtor employed
approximately 32 individuals as of the bankruptcy filing.

No trustee, examiner or statutory committee has been appointed in
the Debtor's case.


IMAGING3: Clarifies Announcement on Bankruptcy Proceeding
---------------------------------------------------------
Imaging3, Inc. on Feb. 6, 2017, disclosed that on January 31 2017,
United States Bankruptcy Judge 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.  The Company noted that, as a result, the
Imaging3 Chapter 11 proceeding is now closed and that the company
is no longer subject to the jurisdiction of the Bankruptcy Court,
and that the case cannot be converted to a Chapter 7 proceeding.

To clarify, the Judge's order, in its final paragraph, stated,
"Notwithstanding the foregoing [order closing the bankruptcy case
pursuant to 11 U.S. Code Section 350(a)] the bankruptcy case may be
reopened on motion as set forth in the Greenberg, Glusker Fee
Agreement and/or the Mentor Fee Agreement and thus the court
retains jurisdiction for those purposes and as otherwise provided
by law or as contemplated by the prior orders and proceedings of
this court."

Stated Dane Medley, president: "Given the commitment to
transparency and accuracy of Imaging3's current executive team, we
thought it was important to publish this clarification."

                        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.


INNOVATIVE CONSTRUCTION: Taps Keller Williams as Broker
-------------------------------------------------------
Innovative Construction, Inc. seeks approval from the U.S.
Bankruptcy Court for the Western District of Pennsylvania to hire a
real estate broker.

The Debtor proposes to hire Keller Williams Realty in connection
with the sale of its property located at 1465 Sampson Street, New
Castle, Pennsylvania.

The firm will receive a commission of 6% of the sales price.

Keller Williams does not represent any interest adverse to the
Debtor, according to court filings.

The firm can be reached through:

     Keri Thomas
     Keller Williams Realty
     30 North Mill Street
     New Castle, PA 16101
     Phone: 724-933-8500  
     Mobile: 724-971-8037  
     Office: 724-933-8500  

                 About Innovative Construction

Innovative Construction, Inc. leases real property to Caravan II,
LLC, which operates a hotel and restaurant. It also owns sand and
gravel deposits.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. W.D.
Pa. Case No. 16-20088) on Jan. 12, 2016. The petition was signed by
Linda Menichino, president.

The Debtor is represented by Robert O. Lampl, Esq.  The case is
assigned to Judge Jeffery A. Deller.

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


JELD-WEN INC: S&P Hikes CCR to B+ on Partial Term Loan Prepayment
-----------------------------------------------------------------
S&P Global Ratings said it raised its corporate credit rating on
JELD-WEN Inc. to 'B+' from 'B'.  The outlook is stable.

JELD-WEN completed an initial public offering (IPO) on Feb. 1,
2017, the net proceeds of which were $472.8 million.  On Feb. 6,
2017, the company used net proceeds from the offering to prepay
$375 million of its $1.6 billion term loan facility, reducing
leverage to levels consistent with an aggressive financial risk
profile.  The company retained over $100 million of net IPO
proceeds.

At the same time, S&P raised its issue-level rating on JELD-WEN's
$1.255 billion term loan due 2022 to 'BB-' (one-notch above the
corporate credit rating) from 'B'.  S&P also revised the recovery
rating on the term loan to '2' from '3', indicating its expectation
of substantial (70% to 90%; lower half of the range) recovery in
the event of a payment default.

"The stable outlook reflects our belief that JELD-WEN is likely to
continue to improve its EBITDA and debt-to-EBITDA leverage over the
next year," said S&P Global Ratings credit analyst Pablo Garces.
"We expect the company to maintain leverage well below 5x over the
next 12 months but remain majority-owned by financial sponsor
Onex."

S&P could lower its rating on JELD-WEN if its leverage rose and
sustained above the 5x level over the next 12 months.  This could
happen if the company used debt to fund a dividend or a large or
multiple acquisitions.  Another scenario that would result in
leverage approaching 5x would be a sharp decline in demand in
JELD-WEN's end markets, leading to depressed volume and unfavorable
pricing, leading to either a decline in revenues by more than 30%
or a decline in margins by more than 280 basis points in 2017 from
S&P's current expectations.

S&P could raise its rating within the next 12 months if JELD-WEN
reduces and maintains debt to EBITDA levels in the 3x to 4x range.
In addition, S&P would have to expect the sponsor to relinquish
control (to less than 40%) over the intermediate term and the
company would have to state that it will maintain leverage at or
below the 4x level.  Finally, the company would have to maintain
liquidity that is at least adequate.


KANE CLINICS: Seeks to Excuse Appointment of PCO
------------------------------------------------
The Kane Clinics LLC filed a motion asking the U.S. Bankruptcy
Court for the Northern District of Georgia to excuse the
appointment of a patient care ombudsman.

The Debtor is a Georgia limited liability company.  It operates
obstetrics and gynecological clinics with an emphasis on serving
uninsured and underserved patients.  The Debtor asks the Court to
excuse the appointment of a Patient Care Ombudsman as patient care
and privacy is well protected in the Chapter 11 bankruptcy case,
and any cost of a PCO would be overly burdensome to the Debtor's
business.

The Debtor tells the Court that the issues that led to the filing
of the bankruptcy case are not related to patient care.  The Debtor
and its health care provider do not have any history of patient
care or privacy issues.  Additionally, the Debtor's small business
case would be heavily financially burden by the appointment of a
PCO and the cost outweighs any benefit, as there really is no
benefit to the appointment in the case, the Debtor asserts.  The
Debtor further asserts that any surgical procedures performed by
the Debtor take place at Northside Hospital, not at the Debtor's
clinics, and the Debtor does not maintain or operate any facilities
involving overnight treatment or care of patients.

                    About The Kane Clinics

The Kane Clinics, LLC filed a Chapter 11 petition (Bankr. N.D. Ga.
Case No. 16-72304) on Dec. 14, 2016.  The petition was signed by
Maria Francis, CEO & member. The Debtor is represented by Leslie M.
Pineryo, Esq., at Jones & Walden, LLC.  

At the time of the filing, the Debtor estimated assets of less than
$50,000 and liabilities of $1 million to $10 million.

The Debtor is a Georgia limited liability company. It operates
obstetrics and gynecological clinics with an emphasis on serving
uninsured and undeserved patients.


KENNETH ANDERSON: PCO Not Needed, Texas Judge Says
--------------------------------------------------
Judge Brenda T. Rhoades of the U.S. Bankruptcy Court for the
Eastern District of Texas entered an order dispensing with the
appointment of a Patient Care Ombudsmen for Kenneth and Melinda
Anderson.

The Order was made pursuant to the Bankruptcy Rule 2007.2 to
dispense with the Patient Care Ombudsmen, or in the alternative, to
determine that the Debtor is not a health care business.

The Chapter 11 bankruptcy case is In Re: Kenneth and Melinda
Anderson, Case No. 16-41868 (Bankr. E.D. Tex.).


KERENSA INVESTMENT: Shelley D. Krohn Named Ch. 11 Trustee
---------------------------------------------------------
U.S. Trustee Tracy Hope Davis filed an amended notice before the
U.S. Bankruptcy Court for the District of Nevada appointing Shelley
D. Krohn as Chapter 11 Trustee for Kerensa Investment Fund 1, LLC.

The appointment of Ms. Krohn was made pursuant to the order entered
January 17, 2017 directing the U.S. Trustee to appoint a Chapter 11
Trustee for the Debtor.

The Chapter 11 Trustee is covered by the blanket bond.  A separate
bond is not yet required for In re Kerensa Investment Fund 1, LLC,
Case No. 11-24352-MKN, for it may require adjustment as the trustee
collects and liquidates assets of the estate of the Debtor.

The Chapter 11 Trustee is directed to inform the Office of the
United States Trustee when changes to the bond amount are required
or made.

Shelley Krohn can be reached at:

         Shelley D. Krohn
         510 South 8th Street
         Las Vegas, NV 89101
         Tel.: (702) 421-2210

             About Kerensa Investment Fund

Kerensa Investment Fund, LLC filed a Chapter 11 petition (Bankr. D.
Nev. Case No.: 11-24352) on September 9, 2011, and is represented
by Matthew L. Johnson, Esq., in Las Vegas, Nevada.

At the time of filing, the Debtor had $1,000,001 to $10,000,000 in
estimated assets and $100,001 to $500,000 in estimated debts.

A list of the Company's five largest unsecured creditors filed
together with the petition is available for free at:
http://bankrupt.com/misc/nvb11-24352.pdf

The petition was signed by Bruce N. Rosenthal, managing member.

Submarina, Inc., is a food franchisor. It sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Nev. Case No.
12-22097) on Oct. 25, 2012. The petition was signed by Bruce N.
Rosenthal, president and CEO.  At the time of the filing, the
Debtor estimated its assets and debts at $1,000,001 to
$10,000,000.

The cases are jointly administered under Submarina.


KRONOS ACQUISITION: Moody's Affirms B3 Corporate Family Rating
--------------------------------------------------------------
Moody's Investors Service affirmed Kronos Acquisition Holdings
Inc.'s B3 corporate family rating (CFR) and B3-PD probability of
default rating, and upgraded the first lien term loan rating to B1
from B2 and the senior unsecured notes ratings to Caa1 from Caa2,
following the announced $200 million add-on to the existing notes.
Moody's also withdrew the SGL rating. The ratings outlook remains
stable.

The company plans to use the proceeds from the add-on notes to
repay a portion of its first lien term loan.

"The affirmation of the CFR considers that Kronos' transaction is
leverage-neutral and that credit metrics, which are currently weak
for the rating, will improve in the next 12 to 18 months," said
Peter Adu, Moody's AVP. "The upgrade of the term loan and unsecured
notes ratings is driven by the change in the proportion of secured
and unsecured debt in the capital structure following the proposed
refinancing transaction", added Adu.

Ratings Affirmed:

Corporate Family Rating, B3

Probability of Default Rating, B3-PD

Ratings Upgraded:

$839 million First Lien Term Loan due 2022, to B1 (LGD2) from B2
(LGD3)

$390 million Senior Unsecured Notes due 2023, to Caa1 (LGD5) from
Caa2 (LGD5)

$265 million Senior Unsecured Notes due 2023, to Caa1 (LGD5) from
Caa2 (LGD5)

Rating Withdrawn

SGL-2 Speculative Grade Liquidity Rating, WR

Outlook:

Remains Stable

RATINGS RATIONALE

Kronos' B3 CFR primarily reflects its high leverage (adjusted
Debt/EBITDA of 7.2x at LTM Q3/2016), and Moody's opinion that
organic growth prospects will remain low and debt repayment will be
modest over the next 12 to 18 months. The rating considers Kronos'
sizeable share of the US private label bleach market, its position
as the largest contract manufacturer for blue-chip consumer
packaged goods customers, and its good positions in pool additives
and automotive fluids. Moody's expects EBITDA growth, driven by
ongoing operational improvements in all businesses and
contributions from recent acquisitions, together with mandatory
debt repayment to enable leverage to fall towards 6.5x in the next
12 to 18 months.

The B1 rating for Kronos' first lien term loan, two notches above
the B3 CFR, benefits from the increase in the loss absorption
capacity provided by the unsecured notes below it. The Caa1 ratings
on the unsecured notes, one notch below the B3 CFR, reflect their
contractual subordination to first lien debt but also considers the
decrease in the proportion of secured debt ranking above them.

Kronos has good liquidity. The company's sources of liquidity total
about $170 million compared to mandatory debt repayments of about
$8.5 million over the next 12 months. Kronos' liquidity is
supported by cash of $23 million when the refinance transaction
closes, about $125 million of availability under its $300 million
ABL revolver due 2020 (borrowing base of $244 million at Q3/2016),
and expected free cash flow of around $20 million in the next 4
quarters. Kronos does not have to comply with any financial
covenants unless ABL availability falls below $30 million, which
mandates compliance with a minimum fixed charge coverage ratio of
1x. This covenant is not expected to be restrictive for the next 4
quarters. Kronos has limited ability to generate liquidity from
asset sales as its assets are encumbered.

The outlook is stable and reflects Moody's expectation that Kronos'
businesses will remain relatively stable despite soft economic
conditions and that modest EBITDA growth and mandatory debt
repayment will enable leverage to decline towards 6.5x within 12 to
18 months.

Moody's will consider upgrading Kronos' rating to B2 if it
maintains at least adequate liquidity, proves an ability to
generate consistent positive free cash flow, and sustains adjusted
Debt/EBITDA towards 5.5x (currently 7.2x) along with RCF/Net Debt
well above 10% (currently 3.9%). The rating will be downgraded to
Caa1 if there is significant deterioration in operating performance
arising from volume or price declines and margin contraction such
that adjusted Debt/EBITDA is sustained above 7x (currently 7.2x).
Kronos' ratings will also be downgraded if its liquidity
deteriorates, likely due to negative free cash flow generation on a
consistent basis.

The principal methodology used in these ratings was Global Packaged
Goods published in January 2017.

Kronos Acquisition Holdings Inc., headquartered in Concord,
Ontario, manufactures a variety of household cleaning, personal
care, over-the-counter products, pool additives and automotive
fluids. Revenue for the twelve months ended October 1, 2016 was
$2.1 billion. Kronos is owned by Centerbridge Partners LLC.


LEVEL 3 FINANCING: Fitch Rates New $2.6BB Term Loans 'BB+/RR1'
--------------------------------------------------------------
Fitch Ratings has assigned a 'BB+/RR1' issue rating to Level 3
Financing, Inc.'s proposed issuance of $2.6 billion of term loans
due 2024 under its existing senior secured credit facility.
Proceeds will be used to repay $815 million and $1.8 billion
outstanding under the senior secured term loans due 2019 and 2020,
respectively. Level 3 Financing is a wholly owned subsidiary of
Level 3 Communications, Inc. (LVLT). The Issuer Default Rating
(IDR) for both LVLT and Level 3 Financing is 'BB'/Stable Outlook.
LVLT had approximately $11 billion of consolidated debt outstanding
on Dec. 31, 2016.

Fitch affirmed LVLT and Level 3 Financing's Long-Term IDRs
following the Oct. 31, 2016 announcement of a definitive agreement
whereby CenturyLink, Inc. (CenturyLink) will acquire LVLT in a cash
and stock transaction valued at approximately $34 billion
(CenturyLink Transaction), including the assumption of LVLT's debt.
The cash portion of the transaction, which is approximately 60%,
will be financed by approximately $7 billion in incremental, senior
secured debt at CenturyLink as well as cash on hand at both
companies. The transaction is expected to close by the end of the
third quarter of 2017, following customary shareholder and
regulatory approvals.

KEY RATING DRIVERS

Leverage on Target: LVLT remains committed to deleveraging to the
low end of its net leverage target of between 3.0x and 4.0x. The
enhanced scale and ability to generate meaningful FCF resulting
from the tw telecom, Inc. acquisition reinforce Fitch's expectation
for further strengthening of LVLT's credit profile. Leverage was
3.9x as of the latest-12-month (LTM) period ended Dec. 31, 2016.
Fitch forecasts leverage will approach approximately 3.5x by
year-end 2017.

Strengthening Credit Profile: LVLT's credit profile continues to
improve in line with Fitch's expectations as the company
capitalizes on its ongoing revenue mix transformation and growing
high-margin core network services (CNS) revenues. It is also
realizing cost synergies associated with past acquisitions and
ongoing cost-management initiatives. Fitch anticipates LVLT's
credit profile will continue to strengthen over the rating horizon
as the company benefits from anticipated EBITDA growth, strong FCF
generation and modest debt reduction.

FCF Enhances Credit Profile: LVLT is poised to generate sustainable
levels of FCF (defined as cash flow from operations less capital
expenditures and dividends). Fitch believes the company's ability
to grow high-margin CNS revenues coupled with the strong operating
leverage inherent in its operating profile position the company to
generate consistent levels of FCF. Fitch anticipates LVLT FCF
generation will produce FCF margins exceeding 13.5% of revenues
during 2017.

Revenue Mix Transformation Proceeding: LVLT's operating strategies
are aimed at shifting its revenue and customer focus to becoming a
predominantly enterprise-focused entity. The company's network
capabilities -- in particular its strong metropolitan network, and
broad product and service portfolio emphasizing IP-based
infrastructure and managed services -- provide the company with a
solid base to grow its enterprise segment revenues.

Positive Industry Dynamics: Fitch expects LVLT's operating profile
will benefit from positive secular demand drivers for its services,
as enterprises require network solutions that can address
heightened security considerations and operate in an increasingly
digitized and connected operating environment. LVLT is
well-positioned from a product standpoint, as enterprises
capitalize on the compelling economics of cloud computing and
migrate IT networks to a hybrid cloud network strategy.

Strong Operating Leverage: The products and services LVLT sells
combined with its strategy to sell services "on net" enable the
company to generate significant operating leverage. At scale, the
services sold within this business segment generate 60% incremental
EBITDA margins. Fitch believes the company must be successful in
growing the CNS revenue base to improve its credit profile and
generate FCF.

Overall, the ratings for LVLT reflect the company's improving
competitive position highlighted by its metropolitan network
facilities capabilities and product and service portfolio relative
to alternative carriers. The diversity of the company's customer
base and service offering coupled with an expectation for a
relatively stable pricing environment for a significant portion of
its service portfolio support the ratings. Excluding the effects of
a CenturyLink transaction, Fitch's ratings incorporate LVLT's
improving competitive position while acknowledging its smaller
market share and lack of scale relative to larger and better
capitalized market participants.

Outside of material change to its financial strategy and excluding
the CenturyLink transaction, ratings concerns center on LVLT's
smaller market share and lack of scale relative to larger and
better capitalized market participants, event-driven M&A activity
and the resultant increase in integration risks, and the
sensitivity of the company's operating profile to the effects of a
weaker economic outlook or a more competitive operating and pricing
environment. On a standalone basis, Fitch expects that M&A activity
will remain a key component of LVLT's overall growth strategy. M&A
is expected to focus on building incremental network and product
capabilities and building scale in Europe and Latin America.

LVLT's enterprise segment continues to drive overall revenue growth
within CNS. The company is positioned to benefit from favorable
secular demand trends including explosive bandwidth demand growth
(video), the growth in number of devices connected to the Internet,
and the increasing globalization of enterprises. Revenues generated
from enterprise customers accounted for approximately 73% of CNS
revenues during the LTM period ended Dec. 31, 2016. From a regional
perspective, North America CNS revenue represented 60% of total CNS
revenue during the LTM period.

Leverage and Financial Policy

LVLT remains committed to deleveraging to the low end of its target
of between 3x and 4x on a net debt basis. The focus of LVLT's
capital structure strategy is to strengthen the company's overall
credit profile and efficiently manage its maturity profile. The
pace of further deleveraging will largely depend on the company's
ability to leverage cost synergies and capitalize on incremental
EBITDA growth stemming from the positive operating momentum within
LVLT's CNS segment.

Total debt outstanding as of Dec. 31, 2016 was approximately $11.0
billion, relatively unchanged when compared with debt outstanding
as of year-end 2015 and a reflecting a modest 3.1% decline relative
to the $11.4 billion of debt outstanding as of Dec. 31, 2014.
Leverage was 3.9x as of the LTM ended Dec. 31, 2016. Fitch
forecasts leverage will approach 3.5x by year-end 2017.

KEY ASSUMPTIONS

Fitch's key assumptions within our rating case for LVLT on a
standalone basis include:

-- The base case assumes a continuation of a rational pricing
environment and stable macro-economic conditions.
-- LVLT is largely successful in capitalizing on operating
leverage to expand growth in gross margin and EBITDA margin during
the forecast period.
-- CNS revenue growth ranging between 2% and 3% driven by
continued strong growth within the company's North American
Enterprise segment.
-- LVLT's network access margin (gross margin) growing to over 67%
by year-end 2017.
-- Capital expenditures will approximate 15% of consolidated
revenues.
-- FCF generation exceeding 13.5% during 2017.
-- Debt levels are expected to remain relatively consistent and
Fitch anticipates that LVLT will repay the floating-rate notes due
2018 ($300 million outstanding Dec. 31, 2016) with available cash
on hand.

RATING SENSITIVITIES

What Could Lead to a Positive Rating Action:

Positive rating actions would likely coincide with the expectation
that Level 3 will maintain leverage at 3.0x or lower while
consistently generating positive FCF with FCF/adjusted debt of 10%
or greater. Additionally, the company will need to demonstrate
positive operating momentum characterized by consistent CNS revenue
growth, gross margin expansion, no material delays in achieving
anticipated cost synergies, and lack of a material erosion of
revenue churn.

What Could Lead to a Negative Rating Action:

Negative rating actions are more likely to coincide with a
perceived weakening of LVLT's operating profile, as signaled by
deteriorating margins and revenue erosion brought on by difficult
economic conditions or competitive pressure. Additionally, negative
rating actions could result from discretionary management decisions
including, but not limited to, execution of merger and acquisition
activity that increases leverage beyond 4.5x in the absence of a
credible deleveraging plan.

LIQUIDITY

Fitch believes the company's ability to grow high margin CNS
revenues coupled with the strong operating leverage inherent in its
operation profile positions LVLT to generate material levels of
free cash flow on a consistent basis. Overall financial flexibility
is enhanced by positive FCF generation. LVLT reported approximately
$1 billion of FCF during the LTM period ended Dec. 31, 2016,
marking a 61% increase relative to the $626 million of FCF
generation during the LTM period ended Dec. 31, 2015.

FCF generation should accelerate as integration costs diminish and
cost synergies materialize. Fitch anticipates LVLT's FCF generation
will exceed 13% of consolidated revenues by year-end 2017. In
addition to positive operating momentum driving EBITDA growth,
additional factors such as interest expense savings derived from
capital market activities and ongoing operating cost optimization
efforts position the company to grow FCF during the ratings
horizon.

Fitch believes that LVLT's liquidity position is adequate given the
rating and that overall financial flexibility is enhanced with
positive FCF generation. The company's liquidity position was
primarily supported by cash carried on its balance sheet, which as
of Dec. 31, 2016 totaled approximately $1.8 billion, and expected
FCF generation. Importantly, there are no restrictions on the
company's ability to repatriate foreign cash (other than the
conversion and repatriation restrictions existing in Venezuela and
Argentina) to fund domestic operations including debt service. The
company does not maintain a revolver, which limits its financial
flexibility in Fitch's opinion.

LVLT's maturity profile is manageable within the context of FCF
generation expectations and access to capital markets. The
company's next material scheduled maturity is not until 2018 when
approximately $300 million of debt is scheduled to mature.


LEVEL 3 FINANCING: Moody's Rates New $2.6BB Secured Term Loan Ba1
-----------------------------------------------------------------
Moody's Investors Service assigned a Ba1 rating to Level 3
Financing, Inc.'s new $2.6 billion secured term loan B. Financing
is a wholly-owned subsidiary of Level 3 Communications, Inc. (Level
3), a publicly traded holding company that guarantees Financing's
notes and, as the senior most company at which Moody's maintains
ratings, is the entity at which Moody's maintains corporate level
ratings. The new loan has no ratings implications as it refinances
existing facilities of the same aggregate amount (Financing's
existing $815 million term loan B due 2019 and $1,796 million term
loan B due 2020). Level 3's and Financing's other ratings and
stable outlook remain unchanged.

Ratings for instruments that will be refinanced will be withdrawn
in due course.

The following summarizes Moody's ratings and rating actions for
Level 3, all of which are contingent upon Moody's review of final
documentation and no material change in previously advised terms
and conditions.

Assignments:

Issuer: Level 3 Financing, Inc.

-- Senior Secured Bank Credit Facility, Assigned Ba1 (LGD2)

Existing Ratings and Outlook

Issuer: Level 3 Communications, Inc.

--  Corporate Family Rating, Ba3

--  Probability of Default Rating, Ba3-PD

--  Speculative Grade Liquidity Rating, SGL-2

-- Senior Unsecured Regular Bond/Debenture, B2 (LGD6)

--  Outlook, Stable

Issuer: Level 3 Financing, Inc.

-- Senior Secured Bank Credit Facility, Ba1 (LGD2)

-- Senior Unsecured Regular Bond/Debenture, B1 (LGD5)

-- Backed Senior Secured Bank Credit Facility, Ba1 (LGD2)

-- Backed Senior Unsecured Regular Bond/Debenture, B1 (LGD5)

--  Outlook, Stable

Issuer: Level 3 Escrow II, Inc. (assumed by Level 3 Financing,
Inc.)

-- Backed Senior Unsecured Regular Bond/Debenture, B1 (LGD5)

RATINGS RATIONALE

Level 3's Ba3 CFR is based on the company's solid business and
financial profile, Moody's expectation of modest margin improvement
as Internet Protocol-based services continue to replace legacy
services, and leverage of debt/EBITDA approaching 3.75x in 2017.
The rating is constrained by a lack of forwards earnings visibility
and off-market liquidity arrangements which rely solely on cash and
free cash flow. In the event of an acquisition by CenturyLink,
Level 3's debt instrument ratings are expected to survive at their
prevailing levels and, in the intervening period, Moody's expects
Level 3's solid performance to continue.

Level 3's liquidity is assessed as good, SGL-2, based on
expectations of free cash flow of about $1 billion over the next
year and the company having a December 31, 2016 cash balance of
$1.8 billion. Moody's expects a telecommunications company of Level
3's stature to maintain liquidity of between 10% and 15% of its
revenues, indicating that Moody's views the entirety of the
company's cash position as being integral to its liquidity. That
said, with no debt maturities until 2018 and with no financial
covenants to comply with, the combination of the cash on hand and
cash to be generated over the next year provide good liquidity.

Rating Outlook

The ratings outlook is stable because Level 3's instrument ratings
are, based on existing deal parameters, expected to remain
unchanged following the company's acquisition by CenturyLink and,
in the intervening period, ratings are supported by Level 3's
ongoing solid performance and leverage of debt/EBITDA trending
towards 3.75x.

What Could Change the Rating -- Up

-- Continued solid operating performance and margin expansion

-- Solid liquidity arrangements

-- Leverage of Debt/EBITDA approaching 3.5x on a sustainable basis
(4.2x at 30Sep16)

-- Free Cash Flow/Debt approaching 10% on a sustainable basis
(7.7% at 30Sep16)

What Could Change the Rating -- Down

-- Debt/EBITDA sustained above 4.5x (4.2x at 30Sep16)

-- Free Cash Flow/Debt sustained below 5% (7.7% at 30Sep16)

-- Deteriorating business performance including elevated churn and
integration set-backs

-- Weaker liquidity arrangements

The principal methodology used in this rating was
Telecommunications Service Providers published in January 2017.

Corporate Profile

Headquartered in Broomfield, Colorado, Level 3 Communications, Inc.
(Level 3) is a publicly traded international communications company
with one of the world's largest long-haul communications and
optical Internet backbones. Level 3's 2017 revenue is expected to
be approximately $9.1 billion and annual (Moody's adjusted) EBITDA
to be $3.3 billion.


LMCHH PCP: U.S. Trustee Forms 4-Member Committee
------------------------------------------------
Andrew Vara, acting U.S. trustee for Region 3, on Feb. 10 appointed
four creditors to serve on the official committee of unsecured
creditors appointed in the Chapter 11 cases of LMCHH PCP LLC and
Louisiana Medical Center and Heart Hospital, LLC.

The committee members are:

     (1) McKesson Technologies, Inc.
         Attn: Travis Lawrence
         5995 Windward Parkway
         Alpharetta, GA 30005
         Phone: 404-338-3259

     (2) Medtronic USA, Inc.
         Attn: Bob Zbylicki
         800 53rd Avenue
         Northeast MS SLK 27
         Columbia Heights, MN 55421-1200
         Phone: 763-505-5116

     (3) Barbara Kusnick
         132 Fortainbleau Drive
         Manderville, LA 70471

     (4) Donald D. Dietze, Jr., M.D.
         29301 N. Dixie Ranch Rd.
         Lacombe, LA 70445

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 Louisiana Medical

LMCHH PCP LLC and Louisiana Medical Center and Heart Hospital, LLC
currently operate a state-of-the-art 213,000 square facility and
two medical office buildings.

Originally licensed for 58 beds in 2003, as a result of its
physical and strategic expansion in 2007, the Hospital is now a
full-service 132-bed acute care hospital with seven operating
rooms, three catheterization laboratories, and a 24-hour heart
attack intervention center dedicated to providing advanced medical
treatment and compassionate care to patients and families
throughout the North Shore area.

LMCHH PCP and LHH sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Del. Lead Case No. 17-10201) on Jan. 30,
2017.  The cases have been assigned to the Hon. Judge Laurie Selber
Silverstein.

LMCHH estimated assets in the range of $1 million to $10 million
and liabilities of up to $500 million.  LHH estimated assets in the
range of $10 million to $50 million and liabilities of $100 million
to $500 million.

The Debtors have hired Young, Conaway, Stargatt & Taylor LLP as
local counsel, Alston & Bird LLP as legal counsel, and The Garden
City Group, Inc., as claims and noticing agent.


LODGE PARTNERS: Can Use Palatine Tucson Cash on Interim Basis
-------------------------------------------------------------
Judge Brenda Moody Whinery of the U.S. Bankruptcy Court for the
District of Arizona authorized Lodge Partners, LLC to use cash
collateral on an interim basis, pursuant to the Stipulation between
the Debtor and Palatine Tucson, LLC.

Palatine Tucson, LLC, is granted valid and perfected security
interests and liens in all of the Debtor's real property and
fixtures with the same validity and priority as existed
prepetition.

The approved Budget provided for total departmental expenses in the
amount of $183,500 and total undistributed operating expenses in
the amount of $235,923.  The Budget also provided for total fixed
expenses in the amount of $5,000, property insurance in the amount
of $3,400, and property taxes in the amount of $14,000.

The Debtor is authorized to use the insurance proceeds held in the
trust account of Mesch Clark Rothschild to accomplish the repairs
for which the insurance proceeds were intended, which is the repair
of the stucco and outer structure of the Debtor's hotel.

The Debtor's authority to use cash collateral will end on the
earlier of:

     (1) the effective date of a confirmed plan of reorganization
in the bankruptcy case;

     (2) conversion of the bankruptcy case to a chapter 7 case;

     (3) the appointment of an examiner or trustee in the
bankruptcy case; and

     (4) entry of an order prohibiting the Debtor's further use of
cash collateral, upon a finding that the Debtor has failed to
comply with the material terms and conditions of the Order.

A full-text copy of the Interim Order, dated Feb. 3, 2017, is
available at
http://bankrupt.com/misc/LodgePartners2016_416bk13418bmw_124.pdf

A full-text copy of the Budget, dated Feb. 3, 2017, is available at

http://bankrupt.com/misc/LodgePartners2016_416bk13418bmw_124_1.pdf

                    About Lodge Partners, LLC

Lodge Partners, LLC, doing business as Lodge on The Desert, is a
103-room boutique hotel and restaurant with a banquet facility that
sits on five acres on which the business operates in central
Tucson, Arizona.  It was initially built as a residence in 1931 and
was converted to a 7-room resort hotel in 1936.  The Lodge expanded
throughout the years; and by 1973, there were 34 guest rooms.

Lodge Partners filed a Chapter 11 petition (Bankr. D. Ariz. Case
No. 16-13418) on Nov. 23, 2016.  The petition was signed by John E.
Rutherford, II, manager.  The case is assigned to Judge Brenda
Moody Whinery.  The Debtor is represented by Michael W. McGrath,
Esq. and Isaac D. Rothschild, Esq., of Mesch Clark & Rothschild,
PC.  At the time of filing, the Debtor had estimated $10 million to
$50 million in both assets and liabilities.

The Debtor previously filed for Chapter 11 bankruptcy (Bankr. D.
Ariz. Case No. 13-07952) on May 12, 2013.  The Court entered an
order confirming the Debtor's 2013 Reorganization Plan on June 11,
2014, over the objection of secured lender, Wells Fargo.  The Court
entered an order granting final decree and closing the case on Nov.
29, 2015.


LOUISIANA MEDICAL: Seeks to Hire SOLIC Capital, Appoint CRO
-----------------------------------------------------------
Louisiana Medical Center and Heart Hospital, LLC and LMCHH PCP LCC
seek approval from the U.S. Bankruptcy Court in Delaware to hire
SOLIC Capital Advisors, LLC and SOLIC Capital, LLC.

The Debtors tapped the firms to provide the services of Neil Luria
as chief restructuring officer, Gregory Hagood as executive
vice-president of strategy and dispositions, George Koutsonicolis
as executive vice-president of finance and restructuring, and John
Francis Kraemer as assistant vice-president of finance.  

The services to be provided by the SOLIC personnel include:

     (a) management of the "working group" of professionals who
         are assisting in the reorganization process;

     (b) assisting the Debtors in the development of a rolling 13-
         week cash flow forecast;

     (c) reviewing the Debtors' current financial position,
         operation trends, capital needs, financial outlook,
         stand-alone viability and market position;

     (d) assisting in the preparation of requisite statement of
         financial affairs, schedules of assets and liabilities,
         monthly operating reports, disclosure statement analyses,

         or other financial analyses as may be necessary in
         conjunction with such proceedings;

     (e) assisting management and their legal counsel in the
         review of any threatened or unforeseen litigation,
         contingent liabilities, and regulatory related or
         submission requirements;

     (f) reviewing the Debtors' budgets and cash flow forecasts;

     (g) communicating or negotiating with outside constituents,
         including creditors and their advisors;

     (h) identifying potential opportunities for a sale, merger or
         recapitalization;

     (i) advising the Debtors concerning opportunities for a
         transaction;

     (j) participating on the Debtors' behalf in negotiations
         concerning a transaction;

     (k) preparing and coordinating contemplated Section 363 asset

         dispositions, strategic affiliations agreements or other
         transactions aligned with the overall restructuring
         objectives; and

     (l) as applicable, providing oversight and management of the
         post-bankruptcy wind-down and orderly liquidation of the
         Debtors' remaining assets and liabilities.

As compensation for its restructuring services, SOLIC will be paid
a monthly fee of $300,000 for the first three months and $150,000
thereafter.

In the event of any transaction, the Debtors agree to pay SOLIC a
"deferred restructuring fee" equal to 5% of transaction value upon
the closing or other consummation of the transaction, provided the
minimum fee is not less than $450,000.

With respect to any restructuring or supplemental support services
provided by SOLIC following the consummation of a transaction
involving a sale of most of the Debtors' assets, or a confirmation
of a plan of liquidation or reorganization, the firm will be
compensated on an hourly basis at these rates:

     Senior Managing Directors     $750 - $950
     Managing Directors            $695 - $825
     Directors                     $550 - $695
     Vice-President                $450 - $550
     Senior Associate              $350 - $450
     Associates/Analysts           $245 - $350
     Paraprofessionals              $95 - $125

Neil Luria, senior managing director of SOLIC, disclosed in a court
filing that the firm does not hold any interest adverse to Debtors'
bankruptcy estates or creditors.

SOLIC can be reached through:

     Neil F. Luria
     1603 Orrington Avenue, Suite 1600
     Evanston, Illinois 60201
     Phone: 847.583.1618
     Email: info@soliccapital.com

                     About Louisiana Medical

Louisiana Medical Center and Heart Hospital, LLC and LMCHH PCP LLC
currently operate a state-of-the-art 213,000 square facility and
two medical office buildings.

Originally licensed for 58 beds in 2003, as a result of its
physical and strategic expansion in 2007, the Hospital is now a
full-service 132-bed acute care hospital with seven operating
rooms, three catheterization laboratories, and a 24-hour heart
attack intervention center dedicated to providing advanced medical
treatment and compassionate care to patients and families
throughout the North Shore area.

LMCHH PCP and LHH sought bankruptcy protection in the U.S.
Bankruptcy Court for the District of Delaware on Jan. 30, 2017.
The Debtors are currently seeking joint administration of their
Chapter 11 cases under the main case, 17-10201.  The cases have
been assigned to the Hon. Judge Laurie Selber Silverstein.

LMCHH estimated assets in the range of $1 million to $10 million
and liabilities of up to $500 million.  LHH estimated assets in the
range of $10 million to $50 million and liabilities of $100 million
to $500 million.

The Debtors have hired Young, Conaway, Stargatt & Taylor LLP as
local counsel, Alston & Bird LLP as legal counsel, and The Garden
City Group, Inc., as claims and noticing agent.


MADDD WEST: Wants to Assume Contract to Purchase Property
---------------------------------------------------------
MADDD West 38 LLC asks the U.S. Bankruptcy Court for the Eastern
District of New York for authorization to assume its contract to
purchase real property located at 402 West 38th Street, New York,
New York.  The Debtor also asks the Court to approve related
mortgage financing.

The Debtor relates that the focal point of its Chapter 11 case is
the Debtor's effort to close and purchase the Real Property, for
the total sum of $33,450,000 pursuant to a contract of sale dated
March 16, 2016.  The Debtor further relates that the original
closing date was extended under a series of amendments, the last of
which was executed on November 29, 2016 and extended the closing
until December 29, 2016.  The Debtor adds that under the various
amendments to the Contract, the deposit was increased from an
initial payment of $2 million to $9.5 million, all of which was
released to the Seller prior to bankruptcy under the various
amendments.

The Debtor says that the Chapter 11 petition was filed shortly
before a closing deadline to gain the benefit of the 60-day
extension provided under Section 108(b)(1) of the Bankruptcy Code,
which ends on Feb. 27, 2017.

The Debtor contends that post-petition, it has acted quickly to
position itself to close on the transaction.  Among other things,
the Debtor:

     (1) obtained approval of a zoning subdivision involving an
adjoining property;

     (2) confirmed the availability of mortgage financing to permit
the closing to go forward within the 60-day period; and

     (3) filed a plan of reorganization providing for the
assumption of the contract, approval of the mortgage financing, and
closing on the sale.

The Court approved the Amended Disclosure Statement conditionally,
and scheduled a combined hearing on the confirmation of the
Debtor's Plan and final approval of the Amended Disclosure
Statement for Feb. 15, 2017.

The Debtor tells the Court that while it expects the Plan to be
confirmed within 60 days, it is moving prophylactically to assume
the Contract, so as to insure that a closing can occur within the
Section 108 60-day deadline even if confirmation of the Plan is
delayed for some unforeseen reason.

The Debtor further tells the Court that to finance the acquisition,
it has negotiated for mortgage financing from an affiliate of G4
Capital Bridge LLC, known as G4 18168 LLC.  The Debtor says that
the mortgage financing is termed the Exit Facility in the Plan, and
that it is moving for approval of the mortgage financing separately
from the Plan confirmation process, in the event that confirmation
is delayed for any reason, so that the closing can occur within the
60-day deadline.

The Exit Facility will be a first priority senior mortgage loan in
the principal amount of up to $31,500,000 from the Take-Out Lender.
From the proceeds, the Debtor will pay the balance of the purchase
price of $23,950 due under the Contract, as well as creditors, who
have claims scheduled by the Debtor.

The Debtor contends that the Exit Facility is sufficient to pay the
balance of the purchase price, and all allowed claims, as well as
allowed Professional Fees and U.S. Trustee Fees.  The Debtor
further contends that any surplus proceeds from the Exit Facility
will be retained by the Debtor for working capital requirements.

The term of the Exit Facility is an initial period of 18 months,
subject to an extension of 6 months.  The interest rate under the
notice is 8.25% for the initial term.

The Debtor tells the Court that its negotiations with the Take-Out
Lender pre-dated the bankruptcy filing.  The Debtor further tells
the Court that the mortgage financing terms represent commercially
reasonable terms for a transaction of this type.  The Debtor
explains that the proposed Exit Facility will permit the closing to
be completed prior to the Feb. 27, 2017 deadline, preserving the
Debtor's $9.5 million deposit, and providing sufficient funds to
pay creditors.  

The Debtor's Motion is scheduled for hearing on Feb. 15, 2017 at
3:00 p.m.  The deadline for the filing of objections to the
Debtor's Motion is set on Feb. 14, 2017.

A full-text copy of the Debtor's Motion, dated Feb. 3, 2017, is
available at
http://bankrupt.com/misc/MadddWest2016_11645836cec_24.pdf

                 About MADDD West 38, LLC

Headquartered in Flushing, New York, MADDD West 38 LLC is the
purchaser under a certain contract of sale, as amended, with 402
West 38th Street Corp, to acquire the real property at 402 West
38th Street, New York, New York, for a total purchase price of
$33.45 million including prior deposits of $9.5 million.

MADDD West 38 LLC filed for Chapter 11 bankruptcy protection
(Bankr. Case No. 16-45836) on Dec. 28, 2016, listing $42.95 million
in total assets and $27.57 million in total debts.  The petition
was signed by Joseph Noormand, manager.  The Debtor is represented
by Ted J. Donovan, Esq., at Goldberg Weprin Finkel Goldstein LLP.
The case is assigned to Judge Carla E. Craig.  The Debtor disclosed
total assets at $42.95 million and total liabilities at $27.57
million.


MADISON CONSTRUCTION: Court Allows Cash Use on Interim Basis
------------------------------------------------------------
Judge J. Craig Whitley of the U.S. Bankruptcy Court for the Western
District of North Carolina authorized Madison Construction Group,
Inc., to use cash collateral on an interim basis, until Feb. 7,
2017.

Aquesta Bank and Yadkin Bank assert perfected security interests in
the Debtor's cash collateral.

The Debtor is authorized to use cash collateral to operate in the
ordinary course of business and to pay only those expenses which
must be incurred on or before Feb. 7, 2017.

Judge Whitley concluded that Aquesta Bank and Yadkin Bank's
interest in cash collateral were adequately protected.  The Banks
are granted with replacement liens in postpetition assets to the
same extent and priority ultimately determined to have existed
prepetition for all cash collateral actually expended for the
duration of the Court's Interim Cash Collateral Order.

The payment to Yadkin Bank for the month of January 2017 was
adjusted from $1,236 to $1,377.  The Debtor is directed to
highlight each line item of the proposed extended budget, which
exceeded the budgeted amount for the prior month by more than 10%.

A full-text copy of the Interim Order, dated Feb. 3, 2017, is
available at
http://bankrupt.com/misc/MadisonConstruction2016_1632006_76.pdf

                   About Madison Construction Group

Madison Construction Group, Inc., filed a voluntary petition for
relief under chapter 11 of the Bankruptcy Code (Bankr. W.D.N.C.
Case No. 16-32006) on Dec. 15, 2016.  The petition was signed by
Christopher Mezzanotte, president.  The Debtor is represented by
Melanie D. Johnson Raubach, Esq., at Hamilton Stephens Steele
Martin, PLLC.  The case is assigned to Judge Craig J. Whitley.  The
Debtor estimated assets and liabilities at $1 million to $10
million at the time of the filing.

No trustee or examiner has been appointed in the chapter 11 case.

The Debtor is a full service subcontractor that offers turnkey
packages for carpentry, millwork, doors, hardware, and specialty
installations.  The Debtor's operations are based in Charlotte, but
its projects extend across North Carolina and into South Carolina
and Tennessee.


MAGNESIUM CORP: Ira Rennert Says 2nd Cir. Ruling Unconstitutional
-----------------------------------------------------------------
Pete Brush, writing for Bankruptcy Law360, reports that Ira Rennert
told U.S. Circuit Judges Reena Raggi, Raymond J. Lohier Jr. and
Christopher F. Droney on Thursday that he should have been allowed
to withdraw from a planned Manhattan federal jury trial seven weeks
before the selection of jurors, who hit him with a $118 million
verdict for stealing from his companies Magnesium Corp. of America
and Renco Metals Inc. before putting them in bankruptcy in 2001.

Barbara Grzincic at Reuters relates that Mr. Rennert and The Renco
Group, represented by Orrick Herrington & Sutcliffe, want the 2nd
U.S. Circuit Court of Appeals to find that a Manhattan federal jury
could not agree on a verdict and reached a compromise so they could
go home, which would make the 2015 verdict unconstitutional.

                         About MagCorp

Magnesium Corporation of America, a unit of Renco Group Inc., was
the largest single producer of magnesium in the United States.
The Company filed for chapter 11 protection (Bankr. S.D.N.Y. Case
No. 01-14312) on
Aug. 2, 2001.  The Debtors sold substantially all of their assets
to U.S. Magnesium, LLC, in an 11 U.S.C. Sec. 363 asset sale
transaction.  Judge Robert Gerber ordered the case converted to a
Chapter 7 liquidation on Sept. 24, 2003.  When the Company filed
for Chapter 11 protection from its creditors, it listed debts and
assets of more than $100 million.

Lee E. Buchwald is the Chapter 7 trustee.  He is represented by
Nicholas F. Kajon, Esq., at Stevens & Lee, P.C.


MAMAMANCINI'S HOLDINGS: President Holds 19.6% Stake as of Jan. 31
-----------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Matthew Brown and Karen B. Wolf disclosed that as of
Jan. 31, 2017, they beneficially own 5,405,743 shares of common
stock, par value $0.00001 per share, of Mamamancini's Holdings,
Inc. representing 19.59 percent of the shares outstanding.

Mr. Brown, president of the Company and his wife Ms. Wolf said
that, "Neither Mr. Brown nor Ms. Wolf have any current plans or
proposals which relate to or would result in: (a) the acquisition
by either Mr. Brown or Ms. Wolf of additional securities of the
Issuer, or the disposition of securities of the Issuer; (b) an
extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its
subsidiaries; (c) a sale or transfer of a material amount of assets
of the Issuer or any of its subsidiaries; (d) any change in the
present board of directors or management of the Issuer, including
any plans or proposals to change the number or term of directors or
to fill any existing vacancies on the board; (e) any material
change in the present capitalization or dividend policy of the
Issuer; (f) any other material change in the Issuer’s business or
corporate structure; (g) any change in the Issuer’s charter,
bylaws or instruments corresponding thereto or other actions which
may impede the acquisition of control of the Issuer by any person;
(h) causing a class of securities of the Issuer to be delisted from
a national securities exchange or to cease to be authorized to be
quoted in an inter-dealer quotation system of a registered national
securities association; (i) a class of equity securities of the
Issuer becoming eligible for termination of registration pursuant
to section 12(g)(4) of the Exchange Act; or (j) any action similar
to any of those enumerated above."

Mr. Brown holds sole voting and dispositive power over the Shares
as issued to him.

On Jan. 31, 2017, Mr. Brown received 29,508 shares of Company stock
in lieu of cash compensation for the period Nov. 1, 2016, through
Jan. 31, 2017, and 1,538 shares as dividends on Series A Preferred
Stock.

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

                    https://is.gd/ZTPaDL

               About MamaMancini's Holdings, Inc.

MamaMancini's Holdings, Inc., manufactures and distributes
prepared, frozen, and refrigerated food products primarily in the
United States.

MamaMancini's Holdings, Inc., formerly Mascot Properties, Inc.,
was incorporated in the State of Nevada on July 22, 2009.  Mascot
Properties, Inc.'s activities since its inception consisted of
trying to locate real estate properties to manage, primarily
related to student housing, and services which included general
property management, maintenance and activities coordination for
residents.  Mascot did not have any significant development of such
business and did not derive any revenue.  Due to the lack of
results in its attempt to implement its original business plan,
management determined it was in the best interests of the
shareholders to look for other potential business opportunities.

MamaMancini's reported a net loss of $3.51 million for the year
ended Jan. 31, 2016, compared to a net loss of $4.06 million for
the year ended Jan. 31, 2015.

As of Oct. 31, 2016, MamaMancini's Holdings had $6.34 million in
total assets, $5.58 million in total liabilities and $763,541 in
total stockholders' equity.

Rosenberg Rich Baker Berman & Company, in Somerset, New Jersey,
issued a "going concern" qualification on the consolidated
financial statements for the year ended Jan. 31, 2016, citing that
the Company has incurred losses for the years ended January 31,
2016 and 2015 and has a working capital deficit as of January 31,
2016.  These factors raise substantial doubt about the Company's
ability to continue as a going concern.


MARACAS CLUB: Gregory Messer Named Ch. 11 Trustee
-------------------------------------------------
Judge Elizabeth S. Stong of the U.S. Bankruptcy Court for the
Eastern District of New York entered an order approving the
appointment of Gregory Messer, Esq., as the Chapter 11 Trustee for
Maracas Club and Restaurant LLC.

The Order was made following the Court's consideration of the
United States Trustee's Application for an order approving the
appointment of Mr. Messer as Chapter 11 Trustee for the Debtor.

Maracas Club and Restaurant LLC, dba Maracas New York, filed a
Chapter 11 petition (Bankr. E.D.N.Y. Case No. 14-44489) on
September 2, 2014, and is represented by Dawn Kirby Arnold, Esq.,
at Delbello Donnellan Weingarten Wise.


METROPOLITAN NYC: Taps Steinberg & Associates as Legal Counsel
--------------------------------------------------------------
Metropolitan NYC Holdings, Corp. seeks approval from the U.S.
Bankruptcy Court for the Eastern District of New York to hire legal
counsel in connection with its Chapter 11 case.

The Debtor proposes to hire Steinberg & Associates, Esqs. to give
legal advice regarding its duties under the Bankruptcy Code,
negotiate with creditors, assist in the preparation of a bankruptcy
plan, and provide other legal services.

Herbert Noel Steinberg, Esq., the attorney designated to represent
the Debtor, will be paid an hourly rate of $450.

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

The firm can be reached through:

     Herbert Noel Steinberg, Esq.
     Steinberg & Associates, Esqs.
     80-02 Kew Gardens Road, Suite 300
     Kew Gardens, NY 11415
     Phone: (718) 263-2922
     Email: SA@lawsteinberg.com

                About Metropolitan NYC Holdings

Metropolitan NYC Holdings, Corp. sought protection under Chapter 11
of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 17-40263) on
January 23, 2017.  The petition was signed by Gene Burshtein,
owner.  

At the time of the filing, the Debtor estimated assets of less than
$50,000 and liabilities of less than $500,000.


MEZCLA LLC: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Mezcla LLC as of Feb. 10,
according to a court docket.

Mezcla is represented by:

     Steven L. Lefkovitz, Esq.
     Lefkovitz & Lefkovitz
     618 Church St., 410
     Nashville, TN 37219               
     Phone: 615-256-8300
     Email: slefkovitz@lefkovitz.com

                        About Mezcla LLC

Mezcla LLC sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M.D. Tenn. Case No. 17-00002) on January 2, 2017.  The
petition was signed by Michael J. McCray, chief manager.  

At the time of the filing, the Debtor estimated assets of less than
$50,000 and liabilities of less than $500,000.


MIAMI NEUROLOGICAL: Approval of Soneet Kapila as Trustee Sought
---------------------------------------------------------------
Guy G. Gebhardt, the Acting United States Trustee for Region 21,
asks the U.S. Bankruptcy Court for the Southern District of Florida
to enter an order approving the appointment of Soneet Kapila as the
Chapter 11 Trustee for Miami Neurological Institute, LLC.

The Counsel for the U.S. Trustee has consulted Brett A. Elam, Esq.,
Counsel for the Debtor, and Paul S. Singerman, Esq., Counsel for
Creditor, City National Bank, regarding the appointment of the
Chapter 11 Trustee.

Mr. Kapila, resident of the State of Florida, assured the Court
that he has no connections with the Debtor, creditors, any other
parties in interest, their respective attorneys and accountants,
the U.S. Trustee, or any person employed in the office of the U.S.
Trustee.

Mr. Kapila can be reached at:

         Soneet Kapila
         P.O. Box 14213
         Fort Lauderdale, FL 33302
         Email: skapila@kapilaco.com

             About Miami Neurological

Miami Neurological Institute, LLC, based in Aventura, Florida,
filed a chapter 11 petition (Bankr. S.D. Fla. Case No. 17-10703) on
Jan. 20, 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., at Farber + Elam, LLC. The
Debtor estimated assets at $0 to $50,000 and liabilities at $1
million to $10 million at the time of the filing.


MIAMI NEUROLOGICAL: CNB Renews Bid to Stop Cash Use
---------------------------------------------------
City National Bank of Florida renews its request with the U.S.
Bankruptcy Court for the Southern District of Florida to prohibit
Miami Neurological Institute, LLC from using its cash collateral,
or to condition the use of City National Bank's cash collateral on
the Debtor's ability to provide acceptable adequate protection.

City National Bank relates that at the initial hearing on the
Debtor's Motion on January 31, 2017, the Parties had advised the
Court, and the Court made perfectly clear that the Debtor's
authorization to use cash collateral will be conditioned upon a
budget acceptable to City National Bank and attached to the
proposed order for review by the Court.

City National Bank, however, tells the Court that the Debtor has
failed to provide City National Bank with a budget acceptable to it
in form or in substance.

City National Bank asserts that it has endeavored to assist the
Debtor in connection with the budget by providing a sample of a 13
week cash collateral budget and also by asking questions regarding
the substance of the draft budgets that have been proposed by the
Debtor.  City National Bank further asserts that it has done all
that possibly could be asked of a secured creditor to assist this
Debtor in its transition into bankruptcy, notwithstanding the fact
that it had no notice of the filing of this chapter 11 case in
advance of the filing and no request was made of it for use of its
cash collateral.

City National Bank contends that in light of the failure of the
Debtor to provide it an acceptable budget and the Debtor's
continued use of its cash collateral without its consent and
notwithstanding the Court's admonitions to it, City National Bank
has no choice but to seek relief from the Court for an order
prohibiting the Debtor's use of its cash collateral and granting
relief from the automatic stay in order to set off against all
amounts on deposit at City National Bank.

As of the filing of its Second Motion, City National Bank has
imposed an administrative freeze on all accounts of the Debtor at
the bank.  The estimated approximate amount on deposit in the
Debtor's accounts is $155,000.

           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.


MICROCHIP TECHNOLOGY: S&P Rates Proposed $2BB Sr. Notes 'B+'
------------------------------------------------------------
S&P Global Ratings assigned its 'B+' issue-level rating and '6'
recovery rating to Chandler, Ariz.-based semiconductor supplier
Microchip Technology Inc.'s proposed $2 billion senior and junior
subordinated convertible notes offerings.  The '6' recovery rating
indicates S&P's expectation for negligible recovery (0%-10%) of
principal in the event of a payment default.  S&P expects that the
proceeds from the proposed notes will be used to repay borrowings
under the approximately $2.7 billion revolver, redeem up to
$450 million principal amount of junior subordinated convertible
notes due 2037, and for general corporate purposes.

S&P's 'BB' corporate credit rating and stable outlook on Microchip
remain unchanged.  The corporate credit rating incorporates S&P's
view of the company's good position in the microcontroller market,
aggressive financial policy, and acquisitive growth strategy.  The
stable outlook indicates our expectation that Microchip will
successfully integrate its acquisition of Atmel Corp., and continue
to experience organic revenue growth, leading to leverage in the
low- to mid-3x area over the next 12 months from about 4x pro forma
for its recent acquisition of Atmel.

RATINGS LIST

Microchip Technology Inc.
Corporate Credit Rating            BB/Stable/--

New Rating

Microchip Technology Inc.
Senior subordinated convertible notes
Senior secured                     B+
  Recovery Rating                   6
Junior subordinated convertible notes
Senior secured                      B+
  Recovery Rating                   6



MIDWEST ASPHALT: Committee Taps Leonard O'Brien as Legal Counsel
----------------------------------------------------------------
The official committee of unsecured creditors of Midwest Asphalt
Corp. seeks approval from the U.S. Bankruptcy Court for the
District of Minnesota to hire legal counsel.

The committee proposes to hire Leonard, O'Brien, Spencer, Gale &
Sayre, Ltd. to give legal advice regarding its duties under the
Bankruptcy Code, and provide other legal services related to the
Debtor's Chapter 11 case.

Matthew Burton, Esq., the attorney designated to represent the
committee, will be paid an hourly rate of $425 for his services.  

Leonard O'Brien does not hold or represent any interest adverse to
the Debtor's bankruptcy estate, according to court filings.

The firm can be reached through:

     Matthew R. Burton, Esq.
     Leonard, O'Brien, Spencer
     Gale & Sayre, Ltd.
     100 South Fifth Street, Suite 2500
     Minneapolis, MN 55402
     Phone: (612) 332-1030

                      About Midwest Asphalt

Midwest Asphalt Corporation, based in Hopkins, Minnesota, filed a
Chapter 11 petition (Bankr. D. Minn. Case No. 17-40075) on Jan. 12,
2017.  The petition was signed by Blair Bury, president.  The
Debtor is represented by Thomas Flynn, Esq., at Larkin Hoffman.
The case is assigned to Judge Katherine A. Constantine.  

The Debtor estimated assets and debt at $10 million to $50 million
at the time of the filing.

On February 2, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.


MLRG INC: Seeks to Use Washington First Bank Cash Until March 31
----------------------------------------------------------------
MLRG, Inc., asks the U.S. Bankruptcy Court for the Eastern District
of Virginia for authorization to use Washington First Bank's cash
collateral until March 31, 2017.

The Debtor is indebted to Washington First Bank in the amount of
$394,350, as of the Petition Date, pursuant to a loan agreement
dated July 26, 2013.  The debt was secured by a lien on
substantially all of the Debtor's assets.

The Debtor tells the Court that it wants to use its accounts,
including its receivables in the normal course of its business.
The Debtor further tells the Court that the use of its accounts and
receivables is essential to its continued operation and its
effective reorganization.

The Debtor relates that it has entered into an interim agreement
with Washington First Bank extending the loan terms to March 31,
2017, for the use of the accounts and receivables.

The Debtor proposes to grant Washington First Bank with a
continuing, valid, binding, enforceable, perfected postpetition
security interest to the extent of Washington First Bank's cash
collateral as of the Petition Date, in and to all assets of the
Debtor and their proceeds.  The Debtor further proposes to grant
Washington First Bank with an allowed superpriority administrative
expense claim for any diminution in the value of collateral, since
the Petition Date.

A full-text copy of the Debtor's Motion, dated Feb. 3, 2017, is
available at
http://bankrupt.com/misc/MLRGInc2016_1613634khk_42.pdf

                     About MLRG, Inc.

MLRG, Inc. sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D. Va. Case No. 16-13634) on Oct. 25, 2016.  The
petition was signed by Michael Landrum, president.  The Debtor is
represented by Todd Lewis, Esq., at The Lewis Law Group, P.C.  The
Debtor estimated assets and liabilities at $500,001 to $1 million
at the time of the filing.


MOUNT CALVARY: Case Summary & 9 Unsecured Creditors
---------------------------------------------------
Debtor: Mount Calvary Pentecostal Church of Youngstown, Ohio
        1812 Oak Hill Avenue
        Youngstown, OH 44507

Case No.: 17-40195

Chapter 11 Petition Date: February 9, 2017

Court: United States Bankruptcy Court
       Northern District of Ohio (Youngstown)

Judge: Hon. Kay Woods

Debtor's Counsel: Andrew W. Suhar, Esq.
                  SUHAR & MACEJKO, LLC
                  29 East Front Street 2nd floor
                  PO Box 1497
                  Youngstown, OH 44501-1497
                  Tel: 330-744-9007
                  E-mail: asuhar@suharlaw.com

Estimated Assets: $100,000 to $500,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Derrick Jackson, trustee/deacon.

A copy of the Debtor's list of nine unsecured creditors is
available for free at http://bankrupt.com/misc/ohnb17-40195.pdf


MUSCLEPHARM CORP: Unredacted Copy of "Schwarzenegger" Licesing Pact
-------------------------------------------------------------------
MusclePharm Corporation filed an amendment No. 2 on Form 10-K/A to
its annual report for the year ended Dec. 31, 2013, filed with the
U.S. Securities and Exchange Commission on March 31, 2014, as
amended on Oct. 31, 2014, in connection with the withdrawal of its
application for confidential treatment of the redacted portions of
Exhibit 10.38 to the Original Form 10-K, for which the Company had
previously sought confidential treatment pursuant to Rule 24b-2 of
the Securities and Exchange Act of 1934, as amended, and Rule 406
under the Securities Act of 1933, as amended.  An unredacted copy
of Exhibit 10.38 that includes the previously-redacted information
for which the Company has withdrawn its request for confidential
treatment is available for free at https://is.gd/mtbILz

As reported in a Current Report on Form 8-K filed by the Company on
Jan. 9, 2017, on Dec. 17, 2016, the Company entered into a
Settlement Agreement with Marine MP, LLC, Arnold Schwarzenegger,
and Fitness Publications, Inc., effective Jan. 4, 2017.  As
previously disclosed, in May 2016, the Company received written
notice that the AS Parties were terminating the Endorsement
Licensing and Co-Branding Agreement by and among the Company and
the AS Parties, the Company provided written notice to the AS
Parties that it was terminating the Endorsement Agreement, and the
AS Parties commenced arbitration, alleging that the Company
breached the parties' agreement and misappropriated
Schwarzenegger's likeness.  The Company filed its response and
counterclaimed for breach of contract and breach of the implied
covenant of good faith and fair dealing.  Pursuant to the
Settlement Agreement, and to resolve and settle all disputes
between the parties and release all claims between them, the
Company agreed to pay the AS Parties (a) $1 million, which payment
was released to the AS Parties on January 9, 2017, and (b) $2
million within six months of the effective date of the Settlement
Agreement.  If the Company fails to make the second payment when
due, pursuant to a confession of judgment entered into by the
Company, the AS Parties will be entitled to an additional
$1,000,000, for a total additional payment of $3,000,000 to satisfy
the AS Parties' contract claim, which the AS Parties claim is
valued at $4,000,000.  The Company also has agreed that it will not
sell any products from its Arnold Schwarzenegger product line, will
donate to a charity chosen by Arnold Schwarzenegger any remaining
usable product, and otherwise destroy any products currently in
inventory.  In addition, in connection with the transaction, the
780,000 shares of Company common stock held by Marine MP were sold
to a third party yesterday in exchange for an aggregate payment by
such third party of $1,677,000 to the AS Parties.

"This Amendment is limited in scope to the items noted above and
should be read in conjunction with the Original Form 10-K. This
Amendment does not reflect events that have occurred after the
filing of the Original Form 10-K, and no revisions are being made
to the Company's financial statements pursuant to this Amendment.
Other than the filing of the information identified above, this
Amendment does not modify or update the disclosure in the Original
Form 10-K in any way."

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

                     https://is.gd/mtbILz

                      About MusclePharm

Headquartered in Denver, Colorado, MusclePharm Corporation (OTCQB:
MSLP) -- http://www.muslepharm.com/-- develops and manufactures a
full line of National Science Foundation approved nutritional
supplements that are 100 percent free of banned substances.
MusclePharm is sold in over 120 countries and available in over
5,000 U.S. retail outlets, including GNC and Vitamin Shoppe.
MusclePharm products are also sold in over 100 online stores,
including bodybuilding.com, Amazon.com and Vitacost.com.

MusclePharm reported a net loss of $51.85 million in 2015,
a net loss of $13.8 million in 2014 and a net loss of $17.7 million
in 2013.

As of Sept. 30, 2016, MusclePharm had $38.33 million in total
assets, $54.77 million in total liabilities and a total
stockholders' deficit of $16.44 million.


NASTY GAL: Wants to Continue Using Cash Collateral
--------------------------------------------------
Nasty Gal Inc. asks the U.S. Bankruptcy Court for the Central
District of California for authorization to continue using the cash
collateral of Hercules Capital, Inc., f/k/a Hercules Technology
Growth Capital, Inc., in its capacity as administrative agent for
itself and several banks and other financial entities, on a final
basis.

The Debtor relates that it signed a stalking horse purchase
agreement with BooHoo F I, Ltd., which provides for the sale of
substantially all of the Debtor's intellectual property assets for
$20,000,000, after the opportunity for an auction and competitive
bids.  The Debtor further relates that the Court-approved the
Stalking Horse APA and bidding procedures for the sale of
substantially all of the Debtor's assets.

The Sale Procedures Order sets forth a bid deadline of Feb. 2,
2017, an auction for the Debtor's assets on Feb. 7, 2017, and a
hearing to approve a sale to the winning bidder on Feb. 8, 2017, at
the same date and time as the Cash Collateral Hearing.

The Debtor notes that as of the Bid Deadline, no qualified bid was
received by the Debtor other than the Stalking Horse APA, and that
since no other qualified bid was received, no Auction will take
place.

The Debtor tells the Court that it will move forward with the sale
of its intellectual property assets to Boohoo F I Limited, pursuant
to the Stalking Horse APA, and will be in the process of
liquidating its assets until the anticipated Feb. 28, 2017 closing
date of the sale.

The Debtor says that it needs to continue to use cash collateral
through and beyond the closing of the sale to the Stalking Horse
Bidder, in order to continue business operations in accordance with
the requirements of the Stalking Horse APA, and to fully administer
the Estate.

The Debtor's proposed Budget provides for total operating
disbursements in the amount of $3,145,000 for the period Feb. 5,
2017 through March 25, 2017.

The Debtor contends that given, among other things, the binding
purchase agreement and the commitment of the Stalking Horse Bidder,
the value of the Debtor's assets that constitute the Prepetition
Lender's collateral exceeds the value of the Debtor's obligations
to the Prepetition Lender.  The Debtor further contends that the
use of the cash collateral will preserve the value of the Debtor's
assets pending the sale of the Debtor's assets at a price that will
exceed the value of the Debtor's obligations to the Prepetition
Lender.

A full-text copy of the Debtor's Motion, dated Feb. 3, 2017, is
available at
http://bankrupt.com/misc/NastyGal2016_216bk24862bb_329.pdf

                     About Nasty Gal Inc.

Nasty Gal Inc. filed a Chapter 11 petition (Bankr. C.D. Cal. Case
No. 16-24862) on
Nov. 9, 2016.  The petition was signed by Joe Scirocco, president.
The case is assigned to Judge Sheri Bluebond.  At the time of
filing, the Debtor estimated assets and liabilities at $10 million
to $50 million.

The Debtor engaged Scott F. Gautier, Esq., at Robins Kaplan LLP, as
counsel; Peter J. Solomon Company as its exclusive financial and
strategic advisor; and Rust Consulting Omni Bankruptcy as claims,
noticing and balloting agent.

The Office of the U.S. Trustee on Nov. 18, 2016, appointed five
creditors  of Nasty Gal Inc. to serve on the official committee of
unsecured  creditors.  The Creditors' Committee tapped B. Riley &
Co. as financial advisor, and Gary E. Klausner, Esq., and Todd M.
Arnold, Esq., at Levene, Neale, Bender, Yoo & Brill LLP, as
counsel.

The Office of the U.S. Trustee appointed Wesley H. Avery as
Consumer Privacy Ombudsman.


NATURESCAPE HOLDING: Committee Taps Case Lombardi as Legal Counsel
------------------------------------------------------------------
The official committee of unsecured creditors of Naturescape
Holding Group International Inc. seeks approval from the U.S.
Bankruptcy Court in Hawaii to hire legal counsel.

The committee proposes to hire Case Lombardi & Pettit to give legal
advice regarding its duties under the Bankruptcy Code, work with
the Debtor on the administration of its Chapter 11 case, advise the
committee in connection with a plan of reorganization, and provide
other legal services.

The hourly rates charged by the firm are:

     Ted Pettit           Director      $415
     Ellen Swick          Associate     $230
     Ma. Amparo Berti     Associate     $225
     Stephanie Yoder      Paralegal     $170

Ted Pettit, Esq., disclosed in a court filing that the firm does
not represent any interest adverse to the committee or the Debtor's
bankruptcy estate.

The firm can be reached through:

     Ted N. Pettit, Esq.
     Ellen A. Swick, Esq.
     Maria Amparo Vanalocha Berti, Esq.
     Case Lombardi & Pettit
     Pacific Guardian Center, Mauka Tower
     737 Bishop Street, Suite 2600
     Honolulu, HI 96813
     Tel: (808) 547-5400
     Fax: (808) 523-1888
     Email: tpettit@caselombardi.com
     Email: eswick@caselombardi.com
     Email: mav@caselombardi.com

                    About Naturescape Holding

GemCap Lending I, LLC and two other creditors of Naturescape
Holding Group International Inc. filed an involuntary Chapter 11
petition (Bankr. D. Ha. Case No. 16-00982) against the company on
September 16, 2016. The two other creditors are Karen Fazzio and
Mario Hooper.

On the same day, four creditors filed an involuntary Chapter 11
petition (Bankr. D. Ha. Case No. 16-00984) against Mountain Thunder
Coffee Plantation Int'l Inc., an affiliate of Naturescape. The
creditors are Hagadone Hawaii Inc., Thomas Spruance, Joseph Hing,
Sr. and Russell Komo.

Both cases are assigned to Judge Robert J. Faris.  The Naturescape
creditors are represented by Alston Hunt Floyd & Ing.  Case
Lombardi & Pettit serves as legal counsel to the MTC creditors.  

On November 16, 2016, Elizabeth Kane was appointed as the Chapter
11 trustee for the Debtors.  Klevansky Piper, LLP and Peter
Matsumoto serve as her legal counsel and accountant, respectively.

Upon the appointment of the trustee, the Debtors' exclusive right
to file a bankruptcy plan was terminated. On December 20, 2016,
GemCap Lending filed its joint Chapter 11 plan of reorganization
for the Debtors.

An official committee of unsecured creditors was appointed in the
case.  The committee proposed Case Lombardi & Pettit to be its
legal counsel.

George Van Buren, the state court receiver of Naturescape, is
represented by Rush Moore LLP.


NAVISTAR INTERNATIONAL: Completes Repricing of $1-Bil. Term Loan
----------------------------------------------------------------
Navistar International Corporation announced that it has completed
the repricing of Navistar, Inc.'s existing approximately $1.0
billion senior secured term loan under Navistar, Inc.'s Senior
Secured Term Loan Credit Facility pursuant to an amendment to
Navistar, Inc.'s Senior Secured Term Loan Credit Agreement.

The amendment reduces the interest rate applicable to the senior
secured term loan by 1.50% to adjusted LIBOR plus 4.00% or a Base
Rate plus 3.00%. The maturity date for the senior secured term loan
remains August 7, 2020, and all other material provisions under the
Senior Secured Term Loan Credit Agreement remain unchanged.

                 About Navistar International

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

Navistar reported a net loss attributable to the Company of $97
million on $8.11 billion of net sales and revenues for the year
ended Oct. 31, 2016, compared with a net loss attributable to the
Company of $184 million on $10.14 billion of net sales and revenues
for the year ended Oct. 31, 2015.

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

                          *     *     *

In September 2016, S&P Global Ratings placed its ratings, including
the 'CCC+' corporate credit ratings, on Navistar International
Corp. and its subsidiary Navistar Financial Corp. on CreditWatch
with positive implications.

S&P's CreditWatch action follows Navistar's announcement that it
has formed a strategic alliance with Volkswagen Truck & Bus, which
includes a proposed equity investment in Navistar by Volkswagen
Truck & Bus, as well as technology and proposed framework
agreements for strategic technology and supply collaboration, and a
procurement joint venture.  As part of the alliance, Volkswagen
Truck & Bus plans to acquire 16.2 million newly issued shares in
Navistar, and Navistar expects to receive $256 million from the
equity investment, which the company intends to use for general
corporate purposes.  

Navistar carries as 'B3 'Corporate Family Rating (CFR) and stable
outlook from Moody's.  Moody's said in January 2017 that Navistar's
ratings reflects the continuing challenges the company faces in
re-establishing its competitive position and profitability in the
North American medium and heavy truck markets.

Navistar carries a 'CCC' Issuer Default Ratings from Fitch Ratings.
Fitch said in January 2017 that the ratings for NAV, Navistar,
Inc., and NFC remain on Rating Watch Positive pending completion of
a strategic alliance between NAV and Volkswagen Truck & Bus GmbH
(VW T&B).   The Positive Rating Watch reflects Fitch's expectation
that under terms contemplated for the alliance, NAV would realize
cost synergies, improved liquidity, and strategic opportunities
over the next several years that would support its competitiveness
and operating performance.


NAVISTAR INTERNATIONAL: Franklin Holds 17.1% Stake as of Dec. 31
----------------------------------------------------------------
Franklin Resources, Inc., Charles B. Johnson and Rupert H. Johnson,
Jr. disclosed in an amended Schedule 13G filed with the Securities
and Exchange Commission that as of Dec. 31, 2016, they beneficially
own 13,963,688 shares of common stock of Navistar International
Corporation representing 17.1 percent of the shares outstanding.  A
full-text copy of the regulatory filing is available for free at:

                     https://is.gd/mw0kHQ

                 About Navistar International

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

Navistar reported a net loss attributable to the Company of $97
million on $8.11 billion of net sales and revenues for the year
ended Oct. 31, 2016, compared with a net loss attributable to the
Company of $184 million on $10.14 billion of net sales and revenues
for the year ended Oct. 31, 2015.

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

                          *     *     *

In September 2016, S&P Global Ratings placed its ratings, including
the 'CCC+' corporate credit ratings, on Navistar International
Corp. and its subsidiary Navistar Financial Corp. on CreditWatch
with positive implications.

S&P's CreditWatch action follows Navistar's announcement that it
has formed a strategic alliance with Volkswagen Truck & Bus, which
includes a proposed equity investment in Navistar by Volkswagen
Truck & Bus, as well as technology and proposed framework
agreements for strategic technology and supply collaboration, and a
procurement joint venture.  As part of the alliance, Volkswagen
Truck & Bus plans to acquire 16.2 million newly issued shares in
Navistar, and Navistar expects to receive $256 million from the
equity investment, which the company intends to use for general
corporate purposes.  

Navistar carries as 'B3 'Corporate Family Rating (CFR) and stable
outlook from Moody's.  Moody's said in January 2017 that Navistar's
ratings reflects the continuing challenges the company faces in
re-establishing its competitive position and profitability in the
North American medium and heavy truck markets.

Navistar carries a 'CCC' Issuer Default Ratings from Fitch Ratings.
Fitch said in January 2017 that the ratings for NAV, Navistar,
Inc., and NFC remain on Rating Watch Positive pending completion of
a strategic alliance between NAV and Volkswagen Truck & Bus GmbH
(VW T&B).   The Positive Rating Watch reflects Fitch's expectation
that under terms contemplated for the alliance, NAV would realize
cost synergies, improved liquidity, and strategic opportunities
over the next several years that would support its competitiveness
and operating performance.


NEVADA GAMING: Seeks Extension of Plan Exclusivity Thru May 9
-------------------------------------------------------------
Nevada Gaming Partners LLC asks the U.S. Bankruptcy Court for the
District of Nevada to extend the periods during which only the
Debtor may file a chapter 11 plan and solicit acceptances to such
plan, through May 9, 2017 and July 10, 2017, respectively.

The Debtor seeks an extension of its exclusivity so that it may
have adequate time to market and sell its assets, and engage in
negotiations with the Official Committee of Unsecured Creditors on
the contents of a plan of reorganization.  

The Debtor also notes that the deadline for filing proofs of claim
for non-governmental entities has been set for February 15, 2017.
The Debtor tells the Court it must know the value of its assets and
liabilities, in order to formulate its plan. While there are still
unresolved contingencies -- until the claims bar date has passed
and the sales of the Debtor's assets are concluded -- the Debtor
cannot know the total amount of its debts or the total amount
available for distribution, and cannot meaningfully draft its plan
of reorganization.

                  About Nevada Gaming Partners

Headquartered in Las Vegas, Nevada, Nevada Gaming Partners, LLC, is
a gaming company that focuses on slot route operations, casino
operations and refurbishment of slot machines.  The Debtor operated
429 slot machines throughout the State of Nevada via its Slot
Routes as of the bankruptcy filing date.  The Company does business
as Nevada Gaming Partners Management II, LLC, Nevada Gaming
Centers, Nevada Gaming Partners Management II, Sarah's Kitchen,
Nevada Gaming Partners, Evolve Gaming Management and Klondike
Sunset Casino.

Nevada Gaming filed a Chapter 11 bankruptcy petition (Bankr. D.
Nev. Case No. 16-15521) on Oct. 12, 2016.  The petition was signed
by Bruce Familian, manager.  The Debtor estimated $1 million to $10
million in both assets and liabilities.

Judge Laurel E. Davis presides over the case.  The Debtor is
represented by Brett A. Axelrod, Esq., and Micaela Rustia Moore,
Esq., at Fox Rothschild LLP.  Henry & Horne, LLP serves as the
Debtor's financial advisor.

On January 12, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  Brinkman Portillo Ronk,
APC serves as the committee's legal counsel.


NEW BEGINNINGS: PCO Files 6th Report
------------------------------------
Laura E. Brown, the Patient Care Ombudsman for New Beginnings Care,
LLC, has filed a Sixth Report before the U.S. Bankruptcy Court for
the Eastern District of Tennessee at Chattanooga.

The PCO reported that the Representatives of the (a) Georgia Office
of the State-Long-Term Care Ombudsman for Abbeville Healthcare and
Rehab, LLC; (b) Ohio Office of the State-Long-Term Care Ombudsman
for Campus Healthcare and Rehab, LLC and Cedarcreek Healthcare and
Rehab, LLC; and (c) Georgia Office of the State-Long-Term Care
Ombudsman for Goodwill Healthcare and Rehab, LLC, Jeffersonville
Healthcare and Rehab, LLC, and Oceanside Healthcare and Rehab, LLC,
have continued to follow up with their former residents in their
new facilities to ensure that the residents did not suffer ill
effects as a result of moving to a new facility.

According to the Report, the Georgia Office of the State-Long-Term
Care Ombudsman promptly assisted over 30 residents from Rockmart
Healthcare and Rehab, LLC, to relocate last January 20, 2017.  The
Georgia Office of the State-Long-Term Care Ombudsman also reported
that the Savannah Beach Healthcare and Rehab, LLC has been taken
over by a different management company. The Ombudsman
representatives continue to visit the facility on a regular basis
to monitor resident care, health, and safety. Meanwhile, the
representative of the Georgia Office of the Long-Term Care
Ombudsman also visited the Woodlands Healthcare and Rehab, LLC
facility on December 8, 2016 and January 5, 2017. During the visit,
the Ombudsman received a new complaint related to resident care
where she immediately discussed the issue with the director of
nursing. A representative of the Georgia Office of the Long-Term
Care
Ombudsman also noted that the supplies from Pinewood Healthcare and
Rehab, LLC seemed low on certain halls, call lights were not
answered timely, and there were temperature control issues in
certain parts of the facility.

The PCO noted that during the visitation at Eastman Healthcare and
Rehab, LLC facility, call lights were sounding, foul odors were
detected throughout the building, temperature control issues were
detected in a number of rooms, pests were inside the building, and
care issues involving dressing wounds and bathing schedules were
noticed. The Ombudsman representative will continue to make
follow-up visits at the facility on a regular basis to ensure that
the issues found on the visit are completely addressed.  

The PCO added that the Ombudsman representative from Edwards
Redeemer Healthcare and Rehab, LLC and Mt. Pleasant Healthcare and
Rehab, LLC will continue to monitor the facility to ensure that the
complaints will be resolved and that residents do not experience
any disruption in care.

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

         http://bankrupt.com/misc/tneb16-10272-1115.pdf

                   About New Beginnings

New Beginnings Care, LLC, and several affiliated entities provide
nursing homes services to the residents of Georgia and Oklahoma
through four traditional nursing care facilities.  

The Debtors filed for Chapter 11 bankruptcy protection (Bankr. E.D.
Tenn. Case Nos. 16-10272 to 16-10273; 16-10275 to 16-10280; and
16-10282 to 16-10287) on Jan. 22, 2016. The Hon. Nicholas W.
Whittenburg presides over the cases. David J. Fulton, Esq., at
Scarborough & Fulton, serves as counsel to the Debtors.  The
Debtors also employed Littler Mendelson, PC, as special counsel.

New Beginnings estimated under $50,000 in assets and $1 million to
$10 million in liabilities. The petition was signed by Debbie
Jones, member.

                    *     *      *

Under the Amended Plan, Class 2 Claim (City First Mortgage Secured
Claim) is impaired.  City First Mortgage will be paid 100%
together
with interest at the current risk free market rate, plus a risk
factor of 1.5%.  The Debtor will make monthly payments of interest
only for 20 years fully amortized over 20 years with a simple
interest rate of 3.4% (approximate monthly payment $570) with a
final balloon payment at the end of year 20.  Within 10 days
following Confirmation the Debtor will execute a new promissory
note and other loan documents as reasonably necessary to
effectuate
the terms of the confirmed Plan.  In the event the Debtor and City
First Mortgage cannot agree on the form and content of a
promissory
note and reasonably related loan documents, the form and content
of
the documents will be approved by the Court after a motion by the
Debtor and City First Mortgage.

The Debtors' original Plan filed in August 2016 proposed that
holders of Class 5 Claims, which consist of all allowed general
unsecured claims estimated to total $1,956.74, be paid 100% of
their allowed claims in a single payment due 12 months after the
Confirmation Date.

Funding of the Debtor's plan of reorganization will be from the
operations of the Debtor.

The Amended Disclosure Statement is available at:

           http://bankrupt.com/misc/flsb16-11907-100.pdf


NICK STELLEY: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Nick Stelly Welding, LLC
        2261 Heritage Road
        Rayne, LA 70578

Case No.: 17-50142

Chapter 11 Petition Date: February 9, 2017

Court: United States Bankruptcy Court
       Western District of Louisiana (Lafayette)

Judge: Hon. Robert Summerhays

Debtor's Counsel: H. Kent Aguillard, Esq.
                  H. KENT AGUILLARD
                  P.O. Drawer 391
                  Eunice, LA 70535
                  Tel: (337) 457-9331
                  E-mail: kaguillard@yhalaw.com

Total Assets: $1.78 million

Total Liabilities: $3.12 million

The petition was signed by Nicholas Stelly, owner.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/lawb17-50142.pdf


NORTHEAST ENERGY: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------------
The Office of the U.S. Trustee on Feb. 10 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Northeast Energy Management,
Inc.

Northeast Energy Management, Inc., based in Indiana, PA, filed a
Chapter 11 petition (Bankr. W.D. Pa. Case No. 17-70032) on January
16, 2017. The Hon. Jeffery A. Deller presides over the case.
Michael J. Henny, Esq., at the Law Office of Michael J. Henny, to
serve as bankruptcy counsel.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities. The petition was signed by Paul G.
Ruddy, secretary.


ON-SITE TRANSPORT: Asks for April 11 Plan Filing Period Extension
-----------------------------------------------------------------
On-Site Transport, Inc. asks the U.S. Bankruptcy Court for the
Western District of Pennsylvania to extend its exclusive period for
filing a chapter 11 plan and disclosure statement until April 11,
2017.

Absent an extension, the Debtor's exclusive period to file a
chapter 11 plan and disclosure statement would have expired on
February 12, 2017.

The Debtor contends that although it continues to operate and has
shown profits since the filing of the Chapter 11 case, the Debtor
and its counsel need additional time to propose a viable plan of
reorganization.  The Debtor further contends that it continues to
negotiate with creditors in hopes of filing a consensual plan
agreed to by all secured creditors.  The Debtor adds that there are
multiple relief from stay motions that it hopes to resolve prior to
filing a Chapter 11 Plan.

            About On-Site Transport, Inc.

On-Site Transport, Inc., filed a Chapter 11 petition (Bankr. W.D.
Pa. Case No. 16-70584), on August 16, 2016.  The petition was
signed by John C. Bertolino, company secretary.  The Debtor is
represented by Christopher M. Frye, Esq. at Steidl & Steinberg of
Pittsburgh, PA.

At the time of filing, the Debtor estimated $500,000 to $1 million
in assets and liabilities.  A list of the Debtors' 20 largest
unsecured Creditors is available at
http://bankrupt.com/misc/pawb16-70584.pdf

The Office of the U.S. Trustee on Sept. 27, 2016, disclosed in a
court filing that no official committee of unsecured creditors has
been appointed in the Chapter 11 case of On-Site Transport, Inc.


ONCOBIOLOGICS INC: Extends Warrants Expiration to February 2018
---------------------------------------------------------------
Oncobiologics, Inc., announced an extension to the term for
exercise of its publicly traded Series A warrants.

The Series A warrants were issued as part of the units in
Oncobiologics' May 2016 initial public offering and are exercisable
for shares of its common stock at an exercise price of $6.60 per
share.  The Series A warrants would have expired at 5:00 pm New
York City time on Feb. 18, 2017.  The expiration date has now been
extended to 5:00 p.m. New York City time on Feb. 18, 2018.  The
Series A warrants and the common stock issuable upon exercise of
the Series A warrants are covered by a registration statement on
Form S-1, as amended, previously filed with and declared effective
by the Securities and Exchange Commission.

The Series A Warrants to purchase up to an aggregate of 3,333,333
shares of the Company's common stock, par value $0.01 per share,
were originally issued as part of the units in the Company's May
2016 initial public offering and concurrent private placement.

                      About Oncobiologics

Oncobiologics, Inc., is a clinical-stage biopharmaceutical company
focused on identifying, developing, manufacturing and
commercializing complex biosimilar therapeutics.  The Cranbury, New
Jersey-based Company's current focus is on technically challenging
and commercially attractive monoclonal antibodies, or mAbs, in the
disease areas of immunology and oncology.

Oncobiologics reported a net loss of $53.32 million on $2.97
million of collaboration revenues for the year ended Sept. 30,
2016, compared to a net loss of $48.66 million on $5.21 million of
collaboration revenues for the year ended Sept. 30, 2015.

As of Sept. 30, 2016, Oncobiologics had $23.70 million in total
assets, $28.90 million in total liabilities and a total
stockholders' deficit of $5.20 million.

KPMG LLP, in Philadelphia, Pennsylvania, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Sept. 30, 2016, citing that the Company has incurred
recurring losses and negative cash flows from operations since
inception and has an accumulated deficit at Sept. 30, 2016, of
$147.4 million and $4.6 million of indebtedness that is due
on demand, which raises substantial doubt about its ability to
continue as a going concern.


PARAGON OFFSHORE: Revolver Secured Creditors to Get 31% Under Plan
------------------------------------------------------------------
Paragon Offshore PLC, et al., filed with the U.S. Bankruptcy Court
for the District of Delaware a disclosure statement dated Feb. 7,
2017, for the Debtors' third joint Chapter 11 plan.

The New Plan provides for, among other things:

     (i) the elimination of approximately $2.4 billion of the
Company's previously existing debt in exchange for a combination of
cash, debt and new equity to be issued under the New Plan;

    (ii) the allocation to the Secured Lenders of new senior first
lien debt in the original aggregate principal amount of $85 million
maturing in 2022;

   (iii) the projected distribution to the Secured Lenders of
approximately $418 million in cash, subject to adjustment on
account of claims reserves and working capital and other
adjustments at the time of emergence from bankruptcy, and an
estimated 58% of the new equity of the reorganized company;

    (iv) the projected distribution to holders of the Company's
6.75% senior unsecured notes maturing July 2022 and 7.25% senior
unsecured notes maturing August 2024 of approximately $47 million
in cash, subject to adjustment on account of claims reserves and
working capital and other adjustments at the time of emergence from
bankruptcy, and an estimated 42% of the new equity of the
reorganized company; and

     (v) the commencement of an administration of Paragon in the
United Kingdom to, among other things, implement a sale of all or
substantially all of the assets of Paragon to a new holding company
to be formed. Existing shareholders will not receive a recovery
under the New Plan.

Revolver Secured Claims and Term Loan Secured Claims, estimated to
total $1,419,550,000, are projected to recoup 31% of the Allowed
Claim.

Senior Notes Claims and Secured Lender Unsecured Claims, estimated
to total $2,440,300,000, are projected to recoup between 23% and
29%.

Class 5 General Unsecured Claims -- estimated between $10 million
and $35 million -- are impaired by the Plan.  

On the later of the Effective Date and the date on which the
General Unsecured Claim becomes an allowed claim, or, in each case,
as soon thereafter as is reasonably practicable, each holder of an
Allowed General Unsecured Claim will receive, in full and final
satisfaction, compromise, settlement, release and discharge of, in
exchange for, and on account of the holder's rights with respect to
and under the Allowed General Unsecured Claim its pro rata share of
the General Unsecured Claims Distribution.  On or after the
Effective Date, the Debtors or the Reorganized Debtors, as
applicable, will maintain the General Unsecured Claims Reserve in
cash.  Distributions from the General Unsecured Claims Reserve will
be available for General Unsecured Claims that are not allowed
claims as of the Effective Date but become allowed claims
thereafter.  

Class 6 Intercompany Claims are unimpaired by the Plan and the
holders will recover 100%.  On or after the Effective Date, all
Intercompany Claims will be paid, adjusted, continued, settled,
reinstated, discharged, or eliminated, in each case to the extent
determined to be appropriate by the Reorganized Debtors in their
sole discretion.  All Intercompany Claims between any Debtor and a
non-debtor affiliate will be Unimpaired under the Plan.

Plan distributions of cash will be funded from the Debtors' and the
Reorganized Debtors' cash collateral or unencumbered cash, as the
case may be, in accordance with the terms of the Plan.

The voting deadline to accept or reject the Plan is 5:00 p.m.,
Prevailing Eastern Time on May 2, 2017, unless extended by the
Debtors.  The record date for determining which holders of claims
may vote on the Plan is March 14, 2017.

A copy of the Third Joint Chapter 11 Plan of Paragon Offshore plc
and its Affiliated Debtors is available at https://is.gd/VkDPGA

A copy of the Disclosure Statement for Third Joint Chapter 11 Plan
of Paragon Offshore plc and its Affiliated Debtors is available at
https://is.gd/HDwSFr

                     About Paragon Offshore

Paragon Offshore plc -- http://www.paragonoffshore.com/-- is a    

global provider of offshore drilling rigs.  Paragon's operated
fleet includes 34 jackups, including two high specification heavy
duty/harsh environment jackups, and six floaters (four drillships
and two semi-submersibles).  Paragon's primary business is
contracting its rigs, related equipment and work crews to conduct
oil and gas drilling and workover operations for its exploration
and production customers on a dayrate basis around the world.
Paragon's principal executive offices are located in Houston,
Texas.  Paragon is a public limited company registered in England
and Wales and its ordinary shares have been trading on the
over-the-counter markets under the trading symbol "PGNPF" since
Dec. 18, 2015.

Paragon Offshore Plc, et al., filed Chapter 11 bankruptcy
Petitions (Bankr. D. Del. Case Nos. 16-10385 to 16-10410) on Feb.
14, 2016, after reaching a deal with lenders on a reorganization
plan that would eliminate $1.1 billion in debt.

The petitions were signed by Randall D. Stilley as authorized
representative.  Judge Christopher S. Sontchi is assigned to the
cases.

The Debtors reported total assets of $2.47 billion and total debt
of $2.96 billion as of Sept. 30, 2015.

The Debtors engaged Weil, Gotshal & Manges LLP as general counsel,
Richards, Layton & Finger, P.A. as local counsel, Lazard Freres &
Co. LLC as financial advisor, Alixpartners, LLP as restructuring
advisor, and Kurtzman Carson Consultants as claims and noticing
agent.

Andrew Vara, acting U.S. trustee for Region 3, on Jan. 27
appointed
three creditors of Paragon Offshore plc to serve on the official
committee of unsecured creditors.


PATRIARCH PARTNERS: Asks SEC Judge to Ignore Mismanaged Funds Suit
------------------------------------------------------------------
Fola Akinnibi, writing for Bankruptcy Law360, reports that Lynn
Tilton and her Patriarch Partners LCC funds asked a U.S. Securities
and Exchange Commission administrative law judge to ignore a
lawsuit that alleges she mismanaged funds and stole more than $1
billion from them.  The court cannot take notice of disputed facts,
Law360 relates, citing Ms. Tilton.

According to Law360, Ms. Tilton opposed SEC's request for an
official notice of complaint, which would allow the lawsuit filed
against her to be brought in as evidence for her current
proceedings in the SEC's court.

Law360's Martin O'Sullivan recounted in a November 2016 report that
the SEC accused Tilton and Patriarch in March 2015 of hiding the
poor performances of companies that the Zohar funds had invested in
by failing to follow the valuation methodology they laid out in
investment documents.  This, in turn, helped Tilton and Patriarch
collect $200 million in excessive management fees and retain
control over their funds' operations, according to the SEC.

According to Mr. O'Sullivan, Tilton responded to the SEC complaint
by filing a federal suit alleging the SEC's administrative law
judges violated the Appointments Clause of the Constitution because
they are hired instead of being appointed by the president, the
courts or the commission itself.  However, U.S. District Judge
Ronnie Abrams dismissed Tilton's complaint in June 2015, saying she
lacked jurisdiction over the claims.  The U.S. Court of Appeals for
the Second Circuit upheld that decision.

Meanwhile, Shayna Posses, writing for Law360, relates that Axis
Insurance Co. told a New York federal judge that it doesn't have to
pay up under $5 million in excess coverage held by Patriarch
Partners, as it secured the policy while under formal investigation
for fund fraud by SEC.  Axis Insurance, Law360 states, argued that
Patriarch Partners and Ms. Tilton were aware of the SEC probe
alleging that they misled investors about the performance of its
Zohar funds, long before approaching Axis Insurance for excess
insurance, excluding the resulting $200 million enforcement action
from coverage under the firm's directors and officers liability
insurance.

Law360 reports that Axis Insurance told U.S. District Judge Valerie
E. Caproni that there were indicators the firm was in the midst of
an active SEC investigation when it purchased an excess claims-made
policy to supplement $20 million in coverage from other insurers.
According to the report, Axis Insurance recalled that the SEC had
already been investigating Patriarch Partners for over 20 months,
and the agency had issued a formal subpoena to a former executive,
warning that another was coming directly to the firm.  The report
quoted Axis Insurance as saying, "None of this, however, was
disclosed at the time by Patriarch -- not to Axis, and not to
Patriarch's own broker.  Not even to its own in-house litigation
counsel.  Not surprisingly, multiple independent reasons explain
why Patriarch is not entitled to the coverage it seeks here."

As reported by the Troubled Company Reporter on Nov. 10, 2016, the
lawsuit titled Jessica Gisinger, on behalf of herself and all
others similarly situated v. Patriarch Partners LLC, and Lynn
Tilton, Case No. 16-01564, was transferred from the U.S. District
Court for the Southern District of New York to the U.S. Bankruptcy
Court for the Southern District of New York.  The lawsuit is filed
as an adversary proceeding.  The Bankruptcy Court Clerk assigned
Case No. 16-01252 to the proceeding.

Plaintiff Jessica Gisinger, on behalf of herself and all others
similarly situated, is represented by Orin Kurtz, Esq., at Gardy &
Notis, LLP.  

The defendants are represented by Allan S. Bloom, Esq., Nayirie
Kuyumjian, Esq., Kathleen M. McKenna, Esq., Andrew Evan Rice, Esq.,
and Proskauer Rose LLP.

           About Patriarch Partners & Zohar Funds

Patriarch Partners, LLC, is a private equity firm specializing in
acquisition, buyouts, and turnaround investment in distressed
American companies and brands.  The Firm makes control investments
in its investee companies and also seeks board seats. Patriarch
Partners was founded by Lynn Tilton in 2000 and is based in New
York.  Tilton is CEO of Patriarch.

Patriarch Partners XV, LLC, filed involuntary Chapter 11 bankruptcy
petitions against Zohar CDO 2003-1, Corp., Zohar CDO 2003-1,
Limited and Zohar CDO 2003-1, LLC (Bankr. S.D.N.Y. Case Nos.
15-23681 to 15-23682) on Nov. 22, 2015.  

Patriarch XV later withdrew the petition with respect to Zohar I.

The Zohar funds were created to raise money through selling a form
of notes called collateralized loan obligations to investors that
was then used to extend loans to dozens of distressed mid-size
companies, often in connection with the acquisition of those
companies out of bankruptcy.  Patriarch was Zohar I's largest
creditor, holding $286.5 million face amount of Zohar I
notes.  Patriarch placed Zohar into Chapter 11 to protect Zohar
and Patriarch from the efforts of MBIA Inc. and MBIA Insurance
Corporation, another Zohar creditor, to obtain Zohar's assets for
itself.  As widely reported, Patriarch claimed it has been forced
to pursue this route because of MBIA's fraudulent scheme to induce
Patriarch XV to spend over $103 million to buy out a third-party
noteholder in Zohar-I to facilitate a restructuring of Zohar-I.

Patriarch's restructuring counsel was Skadden, Arps, Slate, Meagher
& Flom LLP and its financial advisor was Moelis & Co.

In November 2016, two investment funds previously managed by
Patriarch Partners sued Tilton in Delaware Chancery court, claiming
she has refused to step down as a director of three companies
controlled or partially owned by the funds -- FSAR Holdings Inc.,
UI Acquisition Holding Co. and Glenoit Universal Ltd. -- despite
shareholder majority agreements seeking her replacement.  The Zohar
funds are now managed by restructuring firm Alvarez & Marsal.  The
case captioned, is Zohar II 2005-1 et al. v. FSAR Holdings Inc. et
al., Case No. _____, in the Court of Chancery of the State of
Delaware.

In January 2017, three Zohar funds -- Zohar CDO 2003-1, Ltd., Zohar
II 2005-1, Ltd., and Zohar III, Ltd. -- commenced a lawsuit against
Patriarch, Tilton, and other related entities in U.S. District
Court for the Southern District of New York over the alleged
"egregious fraudulent scheme among Defendants Lynn Tilton and
numerous entities created and dominated by her to abuse certain of
those entities' roles as fiduciaries for the Plaintiff Zohar Funds
in order to pillage more than a billion dollars in cash and
valuable assets that have lined Ms. Tilton's pockets while leaving
the Zohar Funds on a collision course to default on obligations to
their own investors."  The funds seek, among other relief, a
declaration of their rights in the assets that they properly own as
well as treble damages in recompense for the Defendants' fraudulent
and illegal scheme implemented through a pattern of racketeering
activity.  The case is, ZOHAR CDO 2003-1, LTD.; ZOHAR II 2005-1,
LTD.; and ZOHAR III, LTD., Plaintiffs, v PATRIARCH PARTNERS, LLC;
PATRIARCH PARTNERS VIII, LLC; PATRIARCH PARTNERS XIV, LLC;
PATRIARCH PARTNERS XV, LLC; OCTALUNA LLC; OCTALUNA II LLC; OCTALUNA
III LLC; ARK II CLO 2001-1, LLC; ARK INVESTMENT PARTNERS II, L.P.;
and LYNN TILTON, Defendants, Case No. 17-00307 (S.D.N.Y.).


PEABODY ENERGY: Kopernik Reports 2.64% Stake as of Dec. 31
----------------------------------------------------------
Kopernik Global Investors, LLC disclosed in a regulatory filing
with the Securities and Exchange Commission that as of Dec. 31,
2016, it may be deemed to beneficially own 488,786 shares or
roughly 2.64% of the common stock of Peabody Energy Corporation.

Kopernik may be reached at:

         David B. Iben, CFA
         Chief Investment Officer
         KOPERNIK GLOBAL INVESTORS, LLC
         TWO HARBOUR PLACE
         302 KNIGHTS RUN AVENUE, SUITE 1225
         TAMPA, FL 33602

               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 Jan. 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: Pricing of $1-Bil. in Sr. Secured Notes Announced
-----------------------------------------------------------------
Peabody Energy on Feb. 8, 2017, announced the pricing of its
previously announced private offering of $1.0 billion aggregate
principal amount of senior secured notes, consisting of:

     -- $500 million of 6.000% senior secured notes due 2022 and

     -- $500 million of 6.375% senior secured notes due 2025.

The offering of the notes is expected to close on Feb. 15, 2017,
subject to customary closing conditions, at which time the net
proceeds of the offering will be funded into an escrow account
pending Peabody's emergence from bankruptcy.

The notes are being offered by a special purpose wholly owned
subsidiary of Peabody 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). The notes will also 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 are being offered and sold in a
private placement exempt from the registration requirements of the
Securities Act of 1933 and are being offered and sold 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.

On December 22, 2016, the Debtors filed with the Bankruptcy Court a
Joint Plan of Reorganization under Chapter 11 of the Bankruptcy
Code and a related Disclosure Statement, and on January 25, 2017,
the Debtors filed with the Bankruptcy Court the First Amended Joint
Plan of Reorganization and the First Amended Disclosure Statement.


On January 27, 2017, the Debtors filed with the Bankruptcy Court
the Second Amended Joint Plan of Reorganization and the Second
Amended Disclosure Statement to address certain modifications
resulting from a hearing before the Bankruptcy Court on January 26.
Thereafter, on January 27, the Bankruptcy Court issued an order
approving the Disclosure Statement.

Also on January 27, 2017, the Bankruptcy Court issued an order
approving the exit facility commitment letter, dated as of January
11, 2017, from Goldman Sachs Bank USA, JPMorgan Chase Bank, N.A.,
Credit Suisse AG, Credit Suisse Securities (USA) LLC, Macquarie
Capital Funding LLC and Macquarie Capital (USA) Inc.

               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 Jan. 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: Senior Secured Term Loan Upsized to $950M
---------------------------------------------------------
Peabody Energy announced Feb. 8, 2017, that it has successfully
priced a senior secured term loan and, in response to strong
demand, has upsized the term loan to $950 million from $500
million.

The term loan, together with $500 million aggregrate principal
amount of senior secured notes due 2022 and $500 million aggregate
principal amount of senior secured notes due 2025, brings Peabody
Energy's expected total long-term debt capitalization upon
emergence from bankruptcy to $1.95 billion, consistent with the
total debt structure contemplated by the company's plan of
reorganization.

The term loan facility will mature in 2022 and bear interest at a
rate of LIBOR plus 4.50% per annum, with a 1.00% LIBOR floor. The
facility is being arranged by Goldman Sachs Bank USA, JPMorgan
Chase Bank, N.A. and Credit Suisse Securities (USA) LLC, as joint
lead arrangers, and Macquarie Capital (USA) Inc. serving as a
co-documentation agent, in connection with the restructuring of
Peabody Energy 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.

The obligations of Peabody Energy under the term loan facility will
be jointly and severally, and fully and unconditionally, guaranteed
on a senior secured basis by substantially all of Peabody Energy's
current and future direct or indirect U.S. subsidiaries (subject to
certain exceptions). The term loan will also be secured by a first
priority lien on substantially all of Peabody Energy's tangible and
intangible assets (subject to certain exceptions).

The term loan is expected to close on April 3, 2017, concurrent
with the anticipated effective date of Peabody Energy's plan of
reorganization and subject to court approval. The proceeds from the
term loan will be used to fund a portion of the distributions to
creditors provided for under the plan of reorganization.

On December 22, 2016, the Debtors filed with the Bankruptcy Court a
Joint Plan of Reorganization under Chapter 11 of the Bankruptcy
Code and a related Disclosure Statement, and on January 25, 2017,
the Debtors filed with the Bankruptcy Court the First Amended Joint
Plan of Reorganization and the First Amended Disclosure Statement.


On January 27, 2017, the Debtors filed with the Bankruptcy Court
the Second Amended Joint Plan of Reorganization and the Second
Amended Disclosure Statement to address certain modifications
resulting from a hearing before the Bankruptcy Court on January 26.
Thereafter, on January 27, the Bankruptcy Court issued an order
approving the Disclosure Statement.

Also on January 27, 2017, the Bankruptcy Court issued an order
approving the exit facility commitment letter, dated as of January
11, 2017, from Goldman Sachs Bank USA, JPMorgan Chase Bank, N.A.,
Credit Suisse AG, Credit Suisse Securities (USA) LLC, Macquarie
Capital Funding LLC and Macquarie Capital (USA) Inc.

               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 Jan. 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.


PERFORMANCE SPORTS: Enters Into License Agreements with Q30 Sports
------------------------------------------------------------------
Performance Sports Group Ltd., a developer and manufacturer of high
performance sports equipment and apparel, on Feb. 10, 2017,
disclosed that it has reached a settlement with Q30 Sports, LLC to
obtain Q30 Sports' consent to the assignment of a license and
related agreements to an acquisition vehicle co-owned by affiliates
of Sagard Holdings Inc. and Fairfax Financial Holdings Limited (the
"Purchaser").

The assignment of the license and related agreements satisfies a
condition to closing of the previously announced sale of
substantially all of the assets of the Company and its North
American subsidiaries to the Purchaser.

The Company continues to anticipate that the completion of the sale
will occur on or about
February 23, 2017, but not later than February 27, 2017, subject to
the receipt of applicable regulatory approvals and the satisfaction
or waiver of other customary closing conditions.

                   About Performance Sports

Exeter, N.H.-based Performance Sports Group Ltd. (NYSE: PSG) (TSX:
PSG) (OTC: PSGLQ) -- 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.


PERFORMANCE SPORTS: New Generation Reports 6.9% Stake
-----------------------------------------------------
New Generation Advisors LLC, george Putnam, III and their
affiliated entities disclosed in a regulatory filing with the
Securities and Exchange Commission that they may be deemed to
beneficially own 3,165,063 shares or roughly 6.9% of the common
stock of Performance Sports Group.

                    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.


PERFORMANCE SPORTS: Parties Told to Agree to Q30 Deal, Panel Says
-----------------------------------------------------------------
A proposed agreement has been reached among Performance Sports
Group and its debtor-affiliates, Q30 Sports, LLC, Q30 Sports
Science, LLC, Thomas Hoey, Bruce Angus, and 9938982 Canada Inc., to
resolve Q30 Sport's objections to the Debtors' asset sale,
according to a court filing by the Official Committee of Equity
Security Holders appointed in the case.

The Q30 parties have objected to the assumption of certain
agreements by the Debtors to the Stalking Horse Purchaser.

On Thursday, the Equity Committee told the Court that
parties-in-interest in the case are being told to consent to the
settlement.

According to the Equity Committee, "Before the February 6, 2017
hearing, the Equity Committee apprised itself of the factual and
legal issues at stake in the Q30 assumption and assignment dispute.
After reading the relevant Court filings and deposition
transcripts, the Equity Committee believed that the dispute could
be tried relatively quickly and efficiently; it did not, in other
words, need to morph into some unrestrained exploration into all
facets of the post-sale enterprise. Sadly, that is what it became
and, so, an outsized pay-off is demanded to make it go away.
Parties are now told to consent, regardless of the substantive
merits (limited) of the underlying contention, because a $575
million deal hangs in the balance."

"Begrudgingly, the Equity Committee will not interpose an objection
to the proposed settlement. Not because it thinks the settlement is
justified under the facts or law, but because (i) the
Sagard/Fairfax transaction needs to close, and (ii) the
administrative burn associated with this trial needs to end. That
said, the Equity Committee will work vigilantly -- and respectfully
asks this Court's assistance -- ensuring that this bankruptcy
process does not trend any further towards the economic equivalent
of "death by a thousand cuts."

As reported by the Troubled Company Reporter, Performance Sports
Group obtained the approval of the United States Bankruptcy Court
for the District of Delaware and the Ontario Superior Court of
Justice 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 February 23,
2017, but not later than February 27, 2017, subject to the receipt
of applicable regulatory approvals and the satisfaction or waiver
of other customary closing conditions.  

The Debtors noted that the Courts were slated to continue on
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.

The Equity Committee is represented by:

     Natalie D. Ramsey, Esq.
     Mark A. Fink, Esq.
     MONTGOMERY, MCCRACKEN, WALKER & RHOADS, LLP
     1105 North Market Street, 15th Floor
     Wilmington, DE 19801
     Tel: (302) 504-7800
     Fax: (302) 504-7820
     E-mail: nramsey@mmwr.com
             mfink@mmwr.com

          - and -

     Robert J. Stark, Esq.
     Steven B. Levine, Esq.
     Andrew M. Carty, Esq.
     BROWN RUDNICK LLP
     Seven Times Square
     New York, NY 10036
     Tel: (212) 209-4800
     Fax: (212) 209-4801
     E-mail: rstark@brownrudnick.com
             slevine@brownrudnick.com
             acarty@brownrudnick.com

Sagard Capital Partners, L.P., on Feb. 8, 2017, disclosed in a
regulatory filing that it and its affiliated entities may be deemed
to beneficially own 7,721,599 shares or roughly 16.9% of
Performance Sports' common stock as of Feb. 6.

                    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.


PFO GLOBAL: Files for Bankruptcy; Gets Court OK of $400K DIP Loan
-----------------------------------------------------------------
PFO Global, Inc., and five of its wholly owned subsidiaries filed
voluntary petitions under Chapter 11 of the Bankruptcy Code on Jan.
31, 2017, in the U.S. Bankruptcy Court for the Northern District of
Texas, Dallas Division.

The Company will continue to operate its business as
"debtor-in-possession" under the jurisdiction of the Court and in
accordance with the applicable provisions of the Bankruptcy Code
and orders of the Court.  The Company intends to preserve value and
accommodate an eventual going-concern sale of PFO's business
operations.  The Company believes that the Chapter 11 process will
enable its business to continue operating in a different entity
with a more suitable financial structure and to better service its
customers.

The Bankruptcy Court approved the Company obtaining up to $.4
million in post-petition debtor-in- possession financing from its
senior secured lender, Hillair Capital Investments L.P., which
provides the Company with liquidity to maintain its operations in
the ordinary course of business during the Chapter 11 process.  

PFO has filed a series of motions with the Bankruptcy Court
requesting authorization to continue normal operations.  The
Company expects that it will continue to work with certain of its
current vendors and customers without interruptions, and that
others will cease to conduct business with the Company.

The cases are being jointly administered under Bankruptcy Case No.
17-30355 and are assigned to Judge Harlin DeWayne Hale.  Orenstein
Law Group, P.C., serves as counsel to the Debtors.

The Debtors had consolidated assets of $1.75 million and
consolidated debts of $30.96 million as of Sept. 30, 2016, as
disclosed in the bankruptcy petition.

PFO Global, Inc., manufactures and delivers complete eye wear,
prescription lenses and related services to the managed care
insurance industry, servicing Medicaid and Medicare, independent
eye care providers and accountable care orgs.


PHARMACOGENETICS DIAGNOSTIC: Needs Until June 6 to File Ch.11 Plan
------------------------------------------------------------------
Pharmacogenetics Diagnostic Laboratory, LLC, requests the U.S.
Bankruptcy Court for the Western District of Kentucky to extend its
exclusive period for filing a plan of reorganization until June 6,
2017 and its exclusive period for soliciting acceptances of a plan
of reorganization until August 6, 2017.

Without the requested extension, the exclusivity period for which
only the Debtor may file a Disclosure Statement and Plan of
Reorganization would have expired on March 8, 2017.

However, the Debtor has just recently engaged Houston Consulting as
its Chief Restructuring Officer to guide the Debtor in its business
planning. As such, Houston Consulting does not have sufficient time
to review, evaluate, and assist Debtor in formulating a plan of
reorganization by March 8, 2017.

             About Pharmacogenetics Diagnostic

Pharmacogenetics Diagnostic Laboratory, LLC, dba PGXL Laboratories
dba PGX Laboratories, filed a Chapter 11 petition (Bankr. W.D. Ky.
Case No. 16-33404) on Nov. 8, 2016. The petition was signed by Dr.
Roland Valdes, Jr., president/CEO. The case is assigned to Judge
Thomas H. Fulton. The Debtor estimated assets at $500,000 to $1
million and liabilities at $10 million to $50 million at the time
of the filing.

The Debtor is represented by Charity Bird Neukomm, Esq., at Kaplan
& Partners LLP. The Debtor  hires Strothman and Company as
Accountant.


PICO HOLDINGS: Bloggers Deride Golden Parachute for UCP CEO Bogue
-----------------------------------------------------------------
PICO Holdings, Inc. (Nasdaq:PICO), based in La Jolla, Calif., is a
diversified holding company reporting recurring losses since 2008.
PICO owns 57% of UCP, Inc. (NYSE:UCP), 100% of Vidler Water
Company, Inc., a securities portfolio and various interests in
small businesses. PICO has $662 million in assets and $426 million
in shareholder equity. Central Square Management LLC and River Road
Asset Management LLC collectively own more than 11% of PICO. Other
activists at http://ReformPICONow.com/(RPN) have taken to the
Internet to advance the shareholder cause.

On February 7, PICO announced that it had received $25 million in
proceeds from two Arizona water entities for the sale of 100,000
Long Term Storage Credits. PICO also received $6 million in
Northstar Hallock escrow proceeds. Total bank deposit: $31
million.

The bloggers anticipate return of capital. "At the end of Q3, PICO
had about $10 million in cash. PICO CEO Max Webb said that annual
burn is about $10 million, or $2.5 million per quarter. By the end
of Q1 2017, PICO should have burnt about $5 million since Q3 2016.

The Termination Payment to former CEO John "The Juicer" Hart of $11
million is due in April.

Assuming no further transactions this year, we calculate that PICO
would end 2017 with about $18 million in cash. If no further asset
sales are imminent, PICO may declare a $.50 cent dividend in the
near future. But if asset sales are proceeding nicely, we would
expect this Board to wait; they would likely prefer a more
substantial return of capital, on the order of $1 per share at
least."

The bloggers deride compensation increases at UCP. "UCP CEO Dustin
Bogue got probably the most undeserved salary increase in corporate
America: from $500,000 per year to $530,000 per year. Mr. Bogue's
salary is obviously not based on value created for owners nor
profitability relative to industry averages. Given that UCP falls
short of industry averages in every metric, Michael Cortney and
Peter H. Lori -- whom comprise UCP's Compensation Committee -- are
engaged in 'compensation outside the box.'

The gifts don't stop there. According to a Form 4, filed on
February 1, 2017, Mr. Bogue received 56,607 Restricted Stock Units,
which vest ratably over 5 years, starting in February 2018. Mr.
Bogue now owns 141,257 shares and equity equivalents. At UCP's
current price of $11 per share, the value of Mr. Bogue's securities
is $1,553,827.

We have complained for several months that Mr. Bogue was not in
compliance with the Officer Stock Ownership Guidelines, which
mandate that Executives own at least two times base salary in UCP
securities.

Well, that's one way to get compliant: wait around long enough for
your RSU grant to arrive. Nicely done, Mr. Bogue.

Another Form 4 filed on the same day, indicates that UCP CFO James
Pirrello received 42,723 RSUs, which brings his UCP holdings to
91,696 shares and equivalents. Mr. Pirrello is compliant with the
Guidelines, if they are still operative. Mr. Pirrello's base
compensation was increased from $375,000 to $400,000."

The bloggers are unhappy with changes made to Mr. Bogue's
Employment Agreement. "If terminated without cause, he will receive
2 times base salary plus the last three years' average of bonus.
Mr. Pirrello will receive one times base salary plus last three
years’ average of bonus.

As before, in a change of control where Mr. Bogue is fired within 2
years, he will receive 3 times annual salary plus last three
years’ average of bonus. Given that Mr. Bogue received no bonus
in 2014, look for Messrs. Cortney and Lori to allocate him a very
large bonus this year in order to get the 3-year average up. This
will increase the amount Mr. Bogue takes home if fired without
cause or in a change of control.

Mr. Bogue's bonus must be paid by March 15, 2017, for performance
during the year 2016. We expect an amount that makes no economic
sense. We are preparing the post in anticipation.

Mr. Bogue's new Employment Agreement contains a new section
entitled "Reimbursement of Expenses." Messrs. Cortney and Lori have
supplicatively granted Mr. Bogue a blank check, to be paid for by
UCP shareowners, if he is fired and any dispute related to the
Employment Agreement arises.

This is not unfair, but shouldn't PICO have the same protection? If
Mr. Bogue violates the Employment Agreement or contests PICO’s
termination and loses, shouldn't PICO get its fees paid? Messrs.
Cortney and Lori have granted Mr. Bogue a one-sided protection.

The changes to the Employment Agreement are not earth-shattering.
But there are provisions that impede PICO's ability to create value
from its 57% ownership in UCP. Mr. Bogue will get a big payday if
UCP is sold and he is fired within 2 years. That Mr. Bogue will be
fired upon a Change of Control is likely. We have labeled him
'America's Worst Homebuilder CEO.' We did not arrive at this
conclusion frivolously; in previous posts we have detailed Mr.
Bogue’s shortcomings, both executive and ethical.

Mr. Bogue's Employment Agreements, both past and present, provide a
Golden Parachute in all scenarios. They specify in exacting detail
what will trigger a Golden Parachute for Mr. Bogue, namely:

A) If an entity acquires 50% of UCP stock or voting power or if
PICO acquires more UCP shares;

B) If an entity acquires 30% of voting power of UCP;

C) If, within a 12-month period, a majority of the UCP Board is
replaced despite the Board's opposition; or

D) If an entity acquires 40% or more of UCP's gross asset value.

Items 'B,' 'C' and 'D' are the most egregious.

Regarding 'B,' since when does 30% constitute 'Control?' Shouldn't
PICO be permitted to monetize its stake, either fully or partially,
without crossing the first threshold of a CEO Golden Parachute?

Regarding 'C,' since when does a change in board composition
constitute a 'Change in Control?' If Directors are not creating
value for owners and they refuse to step down, should they not be
removed?

Regarding 'D,' since when does the sale of a portion of assets
constitute a 'Change in Control?' Why should a CEO receive a golden
parachute if a lagging division(s) is sold? Especially considering
that the CEO is likely responsible for both the acquisition of the
division and its poor performance.

If any of these scenarios occur, and Mr. Bogue is fired within 2
years, a change in control will be deemed to have occurred and he
will get three times base salary plus the average of his bonus over
the last 3 years.

If such a transaction occurred tomorrow, Mr. Bogue would get about
$1.75 million. Not bad for a guy who never created a dollar of
value for owners.

Why is Mr. Bogue so concerned about being fired within 2 years in
any of these scenarios? If he is a competent, conscientious and
valuable employee, he will not be fired. If he is the opposite,
then he will be quickly dispensed.

As our Crack Strategist said, 'Most changes to employment
agreements occur when someone is worried about losing their job.'"

The bloggers lay the blame for the questionable compensation at UCP
on Compensation Committee Chair Michael Cortney and the only other
Comp Committee member, Peter H. Lori.

The bloggers state, "According to the UCP Compensation Committee
Charter and 2016 Proxy Statement, the Comp Committee makes
recommendations to the UCP Board regarding executive employment
agreements. We assume that Mr. Bogue was recused from the vote,
which means that Messrs. Cortney and Lori, plus Kathleen R. Wade,
voted 'For' these changes to Mr. Bogue’s Employment Agreement.
This vote treads very close to abuse of owners, in our opinion.

On an economic level, it makes no sense that UCP refuses to sell
the company. This Board of Directors has had 3.5 years to create
value for owners. They have failed miserably. While every other
homebuilder has racked up profits, built equity capital and
strengthened its balance sheet, UCP has made no money, has less
equity capital than 3.5 years ago and could not get a debt offering
completed.

UCP is worth more to a buyer than as a going concern. PICO's desire
to monetize its stake is economically rational and within its
rights. PICO is doing what any reasonable shareholder would do --
seeking the highest value for its investment. Since that investment
has proven incapable of creating value for owners on an operational
basis, PICO seeks the next alternative. This is no different than
what UCP's independent shareowners would do if we held a majority
stake.

If Messrs. Bogue, Cortney, Lori and Mrs. Wade have any dignity and
respect for shareholder value, they will willingly sell the
company. For now, these Directors have decided to take the same
approach to shareholders and value creation as John Hart: neither
matter.

There is no reason for UCP to continue as an independent entity. On
an operational basis, UCP is perhaps worth $7 per share. In a
change of control, it could sell for $15. It appears as though the
UCP Board is exclusively focused on its own economic interests,
with no concern for PICO and its 57% stake nor UCP's independent
shareholders. This is unfortunate."


POWELL VALLEY HEALTH: Seeks March 10 Plan Filing Period Extension
-----------------------------------------------------------------
Powell Valley Health Care, Inc. asks the U.S. Bankruptcy Court for
the District of Wyoming to extend its exclusive periods for filing
a chapter 11 plan and soliciting acceptances to the plan through
March 10, 2017 and May 10, 2017, respectively.

Absent an extension, the Debtor's exclusive period to file a plan
would have expired on February 10, 2017.  The Debtor's exclusive
period to obtain acceptances to its plan currently expires on April
10, 2017.

The Debtor contends that it is continuing to negotiate terms of a
consensual plan with the Official Committee of Unsecured Creditors,
and that it needs additional time to complete negotiations of the
plan term sheet and then draft the plan itself.

          About Powell Valley Health Care, Inc.

Powell Valley Health Care, Inc. provides healthcare services to the
greater-Powell, Wyoming community.  The Company filed for Chapter
11 bankruptcy protection (Bankr. D. Wyo. Case No. 16-20326) on May
16, 2016.  The petition was signed by Michael L. Long, CFO.  The
case is assigned to Judge Cathleen D. Parker.  The Debtor estimated
assets and debts at $10 million to $50 million at the time of the
filing.

The Debtor is represented by Bradley T. Hunsicker, Esq., at Markus
Williams Young & Zimmermann LLC.  The Debtor has retained Hammond
Hanlon Camp, LLC as its financial advisor and investment banker.

The United States Trustee appointed Larry Heiser, Veronica
Sommerville, Michelle Oliver, and Joetta Johnson to serve on the
Official Committee of Unsecured Creditors.  The Creditors'
Committee tapped Spencer Fane LLP as counsel and EisnerAmper LLP as
its Accountant.

No trustee or examiner has been appointed in the case.


PREFERRED CONCRETE: Can Continue Using IRS Cash Until April 27
--------------------------------------------------------------
Judge Thomas M. Lynch of the U.S. Bankruptcy Court for the Northern
District of Illinois authorized Preferred Concrete & Excavating,
Inc. to use the Internal Revenue Services' cash collateral on an
interim basis until April 25, 2017.

The Debtor was authorized to use the IRS' cash collateral only to
pay actual, ordinary and necessary operating expenses and up to the
amounts set forth in the approved Budget, which provides total
monthly operating expenses of approximately $46,504.

The IRS had assessed tax liability debt against the Debtor, and the
IRS obtained a perfected first priority security interest upon all
the Debtor's property and rights to property by virtue of its
assessment and its filing of notices of federal tax lien.

The Debtor was directed to pay the IRS the amount of $3,348 each
month, as adequate protection for the use of cash collateral.  As
additional adequate protection, the IRS was granted valid, binding,
enforceable and perfected liens and security interests in and on
any of the Debtor's pre-petition and post-petition collateral, to
the same extent, validity and priority held by the IRS pre-petition
and to the extent of the diminution in the amount of the IRS' cash
collateral resulting from the Debtor's use of cash collateral.  The
IRS will also receive replacement liens on after-acquired assets,
such as inventory or accounts receivable.

The Debtor was directed to maintain insurance coverage, pay taxes,
and timely file tax returns when due.  The Debtor was also directed
not to commingle IRS' cash collateral with monies from other
sources and will deposit all IRS' cash collateral in a
Debtor-in-Possession bank account, funded only with the IRS' cash
collateral.

A status hearing on the Debtor's right to use cash collateral and
entry of a final order is scheduled on April 19, 2017 at 1:00 p.m.

A full-text copy of the Fourth interim Order, entered on February
2, 2017, is available at https://is.gd/gWLL5q

          About Preferred Concrete & Excavating

Preferred Concrete & Excavating, Inc., is a union concrete
contractor engaged in concrete in construction in Northern Illinois
and surrounding areas for the past 14 years. The Debtor has
approximately 10 employees.

Preferred Concrete & Excavating, Inc. filed a Chapter 11 petition
(Bankr. N.D. Ill. Case No. 16-81114) on May 4, 2016.  The Petition
was signed by Gerald Hartman, president.  At the time of filing,
the Debtor estimated assets at $0 to $50,000 and liabilities at
$100,000 to $500,000.

The Debtor is represented by O. Allan Fridman, Esq., at the Law
Office of O. Allan Fridman.  The Debtor employed Todd A. Miller,
Esq. at Allocco, Miller and Cahili, P.C. as its special counsel.


PRESTIGE INDUSTRIES: Taps Traxi LLC's Iommazzo as CRO
-----------------------------------------------------
Prestige Industries LLC seeks approval from the U.S. Bankruptcy
Court for the District of Delaware to employ Robert J. Iommazzo and
Traxi, LLC as Chief Restructuring Officer nunc pro tunc to January
30, 2017.

Robert J. Iommazzo will serve as the CRO to assist the Debtor with
its reorganization efforts and its Chapter 11 Case. Traxi will
provide additional employees as necessary to assist the CRO.

Services expected from Traxi are:

     (1) Assist the Debtor in its restructuring negotiations with
stakeholders and its representatives;

     (2) Assist the Debtor in its development and implementation of
cash management strategies and processes;

     (3) Assist the Debtor in developing short term cash flow
forecasts to assist with planning, including developing
assumptions, related variance reporting and modeling;

     (4) Assist the Debtor's development of the Debtor's future
business plan, and related forecasts for use in negotiations with
lenders and other stakeholders, and for other corporate purposes;

     (5) Advise the Debtor in its oversight and management of
financial performance in accordance with the business plan and
compliance with the covenants under debtor-in-possession financing
or cash collateral usage;

     (6) Assist the Debtor in developing project plans, including
the timing of milestones and milestone interdependencies,
communications frameworks, governance structure, resource
requirements, and the responsibilities of various project teams
participants;

     (7) Assist the Debtor in the preparation of the statement of
financial affairs, bankruptcy schedules, account analyses, monthly
reports, reconciliations, including reconciliation of claims,
bankruptcy petitions, the plan of reorganization, and any other
documentation required by the Bankruptcy Court or which customarily
are issued by the chief financial officer;

     (8) Assist the Debtor with providing testimony before the
bankruptcy court on matters that are within the Traxi Personnel's
knowledge and experience;

     (9) Manage and approve the debtor-in-possession expenditures
in accordance with the Bankruptcy Court approved budget and any
other Bankruptcy Court approved expenditures; and

     (10) Such other activities as may be mutually agreed upon by
the Debtor and Traxi.

The Debtor has provided Traxi an initial retainer of $100,000.
Traxi has applied a portion of the retainer to its prepetition
billings. Traxi will invoice the Debtor for the services of the
Engagement Personnel at the agreed-upon hourly rates, which may be
revised from time to time.

           Professional      Rate Per Hour
     Managing Directors          $595
     Director/Senior Manager     $450
     Senior Associate            $350
     Secretarial               $100-$150

Robert J. Iommazzo, of Traxi, LLC, respectfully submits that he,
Traxi, its members, and its associates are "disinterested persons"
within the meaning of Section 101(14) of the Bankruptcy Code and
are eligible to serve as restructuring managers, and himself as
Chief Restructuring Officer, to the Debtor.

The Firm can be reached through:

     Robert J. Iommazzo
     TRAXI LLC
     18 Bank Street, Suite 202
     Summit, NJ 07901
     Phone 212-465-0770
     Fax 212-465-1919
     Email: riommazzo@traxi.com

                         About Prestige Industries, LLC.

Prestige Industries LLC, based in North Bergen, New Jersey, filed a
chapter 11 petition (Bankr. D. Del. Case No. 17-10186) on January
30, 2017.  The petition was signed by Jonathan Fung, CEO/CFO.  The
Debtor is represented by Peter C. Hughes, Esq., at Dilworth Paxson
LLP.  The Debtor engaged SSG Advisors, LLC as its investment
banker.  The case is assigned to Judge Kevin Gross.  The Debtor
estimated assets and debt at $10 million to $50 million at the time
of the filing.


PRESTIGE INDUSTRIES: U.S. Trustee Forms 5-Member Committee
----------------------------------------------------------
Andrew Vara, acting U.S. trustee for Region 3, on Feb. 10 appointed
five creditors of Prestige Industries LLC to serve on the official
committee of unsecured creditors.

The committee members are:

     (1) Ryder Transportation Services
         Attn: Michael Mandell
         11690 NW 105th Street
         Miami, FL 33178
         Phone: 305-500-4417
         Fax: 305-500-3336

     (2) Direct Machinery
         Attn: Ronald Hirsch
         50 Commerce Place
         Hicksville, NY 11801
         Phone: 516-938-4300
         Fax: 516-932-8095

     (3) American Packaging Distributors Corp.
         Attn: Robert Moses
         831 Lincoln Ave, Suite 7
         West Chester, PA 19380
         Phone: 610-918-1988
         Fax: 610-918-1989

     (4) Public Service Electric & Gas Company
         Attn: Suzanne Klar, Esq.
         80 Park Plaza, TSD
         Newark, NJ 07102
         Phone: 973-430-6483
         Fax: 973-645-1103

     (5) Tingue, Brown & Co.
         Attn: John J. Hurst
         535 N. Midland Ave.
         Saddle Brook, NJ 07663
         Phone: 201-475-7648
         Fax: 201-796-5820

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 Prestige Industries

Prestige Industries LLC, based in North Bergen, New Jersey, filed a
chapter 11 petition (Bankr. D. Del. Case No. 17-10186) on January
30, 2017.  The petition was signed by Jonathan Fung, CEO/CFO.  The
case is assigned to Judge Kevin Gross.

The Debtor is represented by Peter C. Hughes, Esq., at Dilworth
Paxson LLP.  The Debtor engaged SSG Advisors, LLC as its investment
banker.   

At the time of the filing, the Debtor estimated assets and debt at
$10 million to $50 million.

The Debtor was founded by Joe Cho with the purchase of a retail
laundry and dry cleaning facility in Manhattan in 1995.  The Debtor
acquired its first linen cleaning facility in Bay Shore, New York
in 2005, however, it remained a predominantly retail operation
through 2006.  

As of the petition date, the Debtor employs approximately 582
individuals.  The Debtor serves over 90 customers ranging from
premium hotel chains to signature boutique hotels.


QEP RESOURCES: Moody's Raises CFR to Ba3; Outlook Stable
--------------------------------------------------------
Moody's Investors Service upgraded QEP Resources Inc.'s Corporate
Family Rating (CFR) to Ba3 from B1, the Probability of Default
Rating (PDR) to Ba3-PD, and the senior unsecured rating to Ba3 from
B1. The Speculative Grade Liquidity (SGL) Rating was affirmed at
SGL-2. The rating outlook is stable.

"The upgrade reflects Moody's expectations that QEP Resources'
credit metrics will continue to strengthen in an improving
commodity price environment due to its hedges and further
efficiency gains," said Arvinder Saluja, Vice President Senior
Analyst. "QEP will outspend its cash flows in 2017-18, but has
largely prefunded the gap with equity issuances in 2016."

Issuer: QEP Resources, Inc.

Upgrades:

Probability of Default Rating, Upgraded to Ba3-PD from B1-PD

Corporate Family, Upgraded to Ba3 from B1

Senior Unsecured Regular Bond/Debentures, Upgraded to Ba3 (LGD 4)
from B1 (LGD 4)

Affirmations:

Speculative Grade Liquidity Rating, Affirmed SGL-2

Outlook Actions:

Issuer: QEP Resources, Inc.

Outlook, Remains Stable

RATINGS RATIONALE

QEP's Ba3 CFR reflects its relatively strong leverage metrics and
interest coverage metrics, which are supported by the company's
strong hedge portfolio, the increased diversity of its asset
profile as it grows its presence in the Permian Basin, and its good
liquidity position. The rating also recognizes QEP's track record
of conservative financial policies including funding its recent
acquisition with equity and using proceeds from asset sales to
reduce some debt. The company's CFR is constrained by the
relatively high cost of the company's assets, its weak leveraged
full-cycle ratio, and Moody's expectations that the company's
capital spending will outpace cash flow generation at least through
2018 as it continues to develop its Permian acreage and grow
production.

QEP's SGL-2 rating reflects Moody's expectation that the company
will maintain good liquidity into 2018 because of its significant
balance sheet cash and borrowing capacity under its revolving
credit facility. The company had nearly full availability under its
$1.8 billion revolver, less $2.8 million of letters of credit, and
Moody's expects that the cash balances were over $400 million at
December 31, 2016. QEP's revolving credit facility matures in
December 2019. Moody's expects QEP to maintain comfortable headroom
through early 2018 under its net Debt/Capitalization (requirement
of less than to 60%) and Net Debt/EBITDAX (less than 4.25x)
covenants given the ample balance sheet cash. The Net Debt/EBITDAX
requirement will step down to 3.75x in first quarter 2018. The
company's credit facility also contains a covenant that requires
maintenance of present value (PV-9) to net funded debt ratio of at
least 1.25x, that applies under certain debt ratings. However, the
requirement to comply with the PV-9 coverage covenant is expected
to go away with the upgrade to Ba3. Moody's expects that if the
company were subject to this covenant it would maintain compliance
with this covenant through early 2018 as well. Since the credit
facility is unsecured, the company can sell properties to raise
cash (up to 15% of net book value without lender approval). QEP has
a manageable maturity schedule, with its next maturity of $134
million coming due in April 2018.

The QEP senior notes and revolving credit facility are all issued
at the parent level, are unsecured and have no subsidiary
guarantees. The senior notes are rated the same as QEP's Ba3 CFR
under Moody's Loss Given Default Methodology since all of QEP's
debts are pari passu in its capital structure.

The stable outlook reflects Moody's expectation that QEP will
maintain supportive metrics and good liquidity as it develops its
acreage and grows its production base. The company's ratings could
be upgraded should the company maintain RCF to debt above 30% as
its hedges roll-off and should its LFCR approach 1.5x. The
company's ratings could be downgraded if RCF to debt falls below
15%.

QEP Resources, Inc. is a publicly traded independent exploration
and production company based in Denver, Colorado.

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


QUOTIENT LIMITED: Incurs $31.2 Million Net Loss in 3rd Quarter
--------------------------------------------------------------
Quotient Limited filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss of US$31.16
million on US$4.84 million of total revenue for the quarter ended
Dec. 31, 2016, compared to a net loss of US$9.77 million on US$4.35
million of total revenue for the quarter ended Dec. 31, 2015.

For the nine months ended Dec. 31, 2016, the Company reported a net
loss of US$64.76 million on US$16.70 million of total revenue
compared to a net loss of US$24.36 million on US$13.47 million of
total revenue for the same period during the prior year.

As of Dec. 31, 2016, Quotient Limited had US$123.88 million in
total assets, US$128.96 million in total liabilities and a total
shareholders' deficit of US$5.08 million.

"The Company has incurred net losses and negative cash flows from
operations in each year since it commenced operations in 2007 and
had an accumulated deficit of $173.0 million as of December 31,
2016.  At December 31, 2016, the Company had cash holdings and
short-term investments of $44.3 million.  The Company has
expenditure plans over the next twelve months that exceed its
current cash and short-term investment balances, raising
substantial doubt about its ability to continue as a going concern.


"The Company expects to fund its operations in the near term,
including the continued development of MosaiQTM to
commercialization, from a combination of funding sources, including
through the use of existing cash and short-term investment balances
and the issuance of new equity, debt or other securities.  The
Company's Directors are confident in the availability of these
funding sources and accordingly have prepared the financial
statements on the going concern basis. However, there can be no
assurance the Company will be able to obtain adequate financing
when necessary and the terms of any financings may not be
advantageous to the Company and may result in dilution to its
shareholders," the Company stated in the report.

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

                      https://is.gd/G2AyVy

                      About Quotient Limited

Quotient is a commercial-stage diagnostics company committed to
reducing healthcare costs and improving patient care through the
provision of innovative tests within established markets.  With
an initial focus on blood grouping and serological disease
screening, Quotient is developing its proprietary MosaiQ
technology platform to offer a breadth of tests that is unmatched
by existing commercially available transfusion diagnostic
instrument platforms.  The Company's operations are based in
Edinburgh, Scotland; Eysins, Switzerland and Newtown,
Pennsylvania.

Quotient Limited reported a net loss of US$33.87 million for the
year ended March 31, 2016, a net loss of US$59.05 million for
the yera ended March 31, 2015, and a net loss of US$10.16 million
for the year ended March 31, 2014.

Ernst & Young LLP, in Belfast, United Kingdom, issued a "going
concern" qualification on the consolidated financial statements
for the year ended March 31, 2016, citing that the Company has
recurring losses from operations and planned expenditure
exceeding available funding that raise substantial doubt about
its ability to continue as a going concern.


QUOTIENT LIMITED: Reports Q3 Fiscal 2017 Financial Results
----------------------------------------------------------
Quotient Limited reported further positive progress on the
commercial scale-up of MosaiQ and its financial results for its
fiscal third quarter and nine months ended Dec. 31, 2016.

"Our team continues to work diligently to advance MosaiQ through to
the final internal validation process prior to commencing European
field trials," said Paul Cowan, chairman and chief executive
officer of Quotient.  "Final internal performance evaluation
studies for the initial disease screening panel have now been
completed successfully.  We remain on schedule to complete European
field trials for MosaiQ for blood grouping and the initial disease
screening panel in the first half of calendar 2017."

MosaiQ, Quotient's next-generation automation platform for blood
grouping and disease screening, represents a transformative and
highly disruptive testing platform for transfusion diagnostics,
with an established capability to detect antibodies, antigens and
nucleic acids (DNA or RNA).  Through MosaiQ, Quotient aims to
deliver substantial value to donor testing laboratories worldwide
with a unified instrument platform to be utilized for blood
grouping and both serological and molecular disease screening of
donated red blood cells and plasma.

           Fiscal Third Quarter 2017 Financial Results

Quotient Limited reported a net loss of $31.16 million on $4.84
million of total revenue for the quarter ended Dec. 31, 2016,
compared to a net loss of $9.77 million on $4.35 million of total
revenue for the quarter ended Dec. 31, 2015.

For the nine months ended Dec. 31, 2016, the Company reported a net
loss of $64.76 million on $16.70 million of total revenue compared
to a net loss of $24.36 million on $13.47 million of total revenue
for the same period a year ago.

"During the third quarter, strong revenue growth was generated by
all key categories of our conventional reagent business.  Both our
OEM and U.S. direct businesses had another exceptional quarter,
with product sales growing 22% and 21%, respectively,
year-over-year," said Paul Cowan.

Net cash used in operating activities totaled $13.8 million in the
third quarter of fiscal 2017, compared with $16.2 million in the
third quarter of fiscal 2016.  Capital expenditures totaled $5.8
million in 3QFY17, compared with $5.8 million in 3QFY16, largely
reflecting expenditures in connection with the construction of the
Company’s new conventional reagent manufacturing facility near
Edinburgh, Scotland.

Quotient ended 3QFY17 with $44.3 million in cash and cash
equivalents and short-term investments.

                    Outlook for Fiscal 2017

   * Total revenue in the range of $21.0 to $21.3 million
    (previously $21.7 to $22.7 million), including other revenue
    (product development fees) of $1.3 million (previously $2.1
     million), compared with Total revenue of $18.5 million for
     the fiscal year ended March 31, 2016.

   * Product sales of $19.7 to $20.0 million (previously $19.6 to
     20.6 million), compared with Product sales of $18.0 million
     for the fiscal year ended March 31, 2016.

   * Operating loss in the range of $70.0 to $75.0 million
    (previously $60.0 to $65.0 million), including non-cash items
     of $14.5 to $15.0 million.

Product sales in the fourth quarter of fiscal 2017 are expected to
be within the range of $4.3 to $4.6 million, compared with $4.5
million for the fourth quarter of fiscal 2016.

Quarterly product sales can fluctuate depending upon the shipment
cycles for red blood cell based products, which account for
approximately two-thirds of the Company's current product sales.
These products typically experience 13 shipment cycles per year,
equating to three shipments of each product per quarter, except for
one quarter per year when four shipments occur.  The timing of
shipment of bulk antisera products to OEM customers may also move
revenues from quarter to quarter.  Some seasonality in demand is
also experienced around holiday periods in both Europe and the
United States.  As a result of these factors, Quotient expects to
continue to see seasonality and quarter-to-quarter variations in
product sales.  The timing of product development fees included in
other revenues is mostly dependent upon the achievement of
pre-negotiated project milestones.

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

                       https://is.gd/PDIji2

                      About Quotient Limited

Quotient is a commercial-stage diagnostics company committed to
reducing healthcare costs and improving patient care through the
provision of innovative tests within established markets.  With
an initial focus on blood grouping and serological disease
screening, Quotient is developing its proprietary MosaiQ
technology platform to offer a breadth of tests that is unmatched
by existing commercially available transfusion diagnostic
instrument platforms.  The Company's operations are based in
Edinburgh, Scotland; Eysins, Switzerland and Newtown,
Pennsylvania.

Quotient Limited reported a net loss of US$33.87 million for the
year ended March 31, 2016, a net loss of US$59.05 million for
the yera ended March 31, 2015, and a net loss of US$10.16 million
for the year ended March 31, 2014.

Ernst & Young LLP, in Belfast, United Kingdom, issued a "going
concern" qualification on the consolidated financial statements
for the year ended March 31, 2016, citing that the Company has
recurring losses from operations and planned expenditure
exceeding available funding that raise substantial doubt about
its ability to continue as a going concern.


RECOM INC: Case Summary & 11 Unsecured Creditors
------------------------------------------------
Debtor: Recom, Inc.
          dba Pickle Computers
          fdba Apple Recyclers, Incorporated
        351 Remington
        Bolingbrook, IL 60440

Case No.: 17-03733

Chapter 11 Petition Date: February 9, 2017

Court: United States Bankruptcy Court
       Northern District of Illinois (Chicago)

Judge: Hon. Donald R Cassling

Debtor's Counsel: David P Lloyd, Esq.
                  DAVID P. LLOYD, LTD.
                  615B S. LaGrange Rd.
                  LaGrange, IL 60525
                  Tel: 708 937-1264
                  Fax: 708 937-1265
                  E-mail: courtdocs@davidlloydlaw.com
                          info@davidlloydlaw.com

Total Assets: $116,716

Total Liabilities: $1.02 million

The petition was signed by Earl Miller, CEO.

A copy of the Debtor's list of 11 unsecured creditors is available
for free at http://bankrupt.com/misc/ilnb17-03733.pdf


RENNOVA HEALTH: To Effect a 1-for-30 Reverse Common Stock Split
---------------------------------------------------------------
Rennova Health, Inc., announced that effective at 5:00 pm, Eastern
Time, on Feb. 22, 2017, the Company will effect a 1 for 30 reverse
stock split of its outstanding common stock.  The Company's common
stock will open for trading on The NASDAQ Capital Market on
Feb. 23, 2017, on a post-split basis.

The reverse stock split is intended to increase the per share
trading price of the Company's common stock to satisfy the $1.00
minimum bid price requirement for continued listing on The NASDAQ
Capital Market.  As a result of the reverse stock split, every 30
shares of the Company's common stock issued and outstanding on the
Effective Time will be consolidated into one issued and outstanding
share, except to the extent that the reverse stock split results in
any of the Company's stockholders owning a fractional share, which
would be rounded up to the next highest whole share.  In connection
with the reverse stock split, there will be no change in the
nominal par value per share of $0.01.

Trading of the Company's common stock on The NASDAQ Capital Market
will continue, on a split-adjusted basis, with the opening of the
markets on Thursday, Feb. 23, 2017, under the existing trading
symbol "RNVA" under a new CUSIP number.  Based on the number of
shares currently outstanding, the reverse stock split will reduce
the number of shares of the Company's common stock outstanding from
approximately 152.0 million pre-reverse split shares to
approximately 5.1 million post-reverse split.

All outstanding preferred shares, stock options, warrants, and
equity incentive plans immediately prior to the reverse stock split
will be appropriately adjusted by dividing the number of shares of
common stock into which the preferred shares, stock options,
warrants and equity incentive plans are exercisable or convertible
by 30 and multiplying the exercise or conversion price by 30, as a
result of the reverse stock split.

The Company has retained its transfer agent, Computershare, Inc.,
to act as its exchange agent for the reverse stock split.
Computershare will provide stockholders of record as of the
Effective Time a letter of transmittal providing instructions for
the exchange of their stock certificates.  Stockholders owning
shares via a broker or other nominee will have their positions
automatically adjusted to reflect the reverse stock split, subject
to brokers' particular processes, and will not be required to take
any action in connection with the reverse stock split.

The reverse stock split was approved by the directors of the
Company on Feb. 7, 2017, pursuant to a resolution adopted by the
stockholders of the Company at the annual meeting of stockholders
held on Dec. 22, 2016.

                          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."


RFD DELI: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of RFD Deli & Grocery, Inc. as of
Feb. 10, according to a court docket.

RFD Deli & Grocery, Inc. filed a Chapter 11 bankruptcy petition
(Bankr. E.D.N.Y. Case No. 17-70151) on January 10, 2017. Gary C.
Bischoff, Esq., at Berger, Fischoff & Shumer, LLP serves as
bankruptcy counsel.  The Debtor's assets and liabilities are both
below $1 million.


ROMEO'S PIZZA: Seeks to Hire Auction America as Appraiser
---------------------------------------------------------
Romeo's Pizza Express, Inc. seeks approval from the U.S. Bankruptcy
Court for the Southern District of Florida to hire an appraiser.

The Debtor proposes to hire Auction America to appraise the
personal property used in operating its restaurant in Wellington,
Florida.

The estimated amount of costs and expenses to be expended by and
reimbursed to Stan Crooks, an appraiser and president of Auction
America, is $600 at his rate of $150 per hour.

Mr. Crooks and his firm do not hold any interest adverse to the
Debtor's bankruptcy estate, according to the court filings.

Auction America can be reached through:

     Stan Crooks
     Auction America
     1696 Old Okeechobee Road #2H
     West Palm Beach, FL 33409

                   About Romeo's Pizza Express

Romeo's Pizza Express, Inc. filed a chapter 11 petition (Bankr.
S.D. Fla. Case No. 16-24817) on Nov. 1, 2016.  The petition was
signed by Antonio Manglaviti, president and managing partner.  The
Debtor estimated assets and liabilities at $500,001 to $1 million
at the time of the filing.

The Debtor is represented by Malinda L. Hayes, Esq., at Markarian
Frank White-Boyd & Hayes.  Siegel & Siegel, LLC serves as its
accountant.

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


RUXTON DESIGN: Wants Court to Approve Cash Collateral Use
---------------------------------------------------------
Ruxton Design and Build, LLC, asks the U.S. Bankruptcy Court for
the District of Maryland for authorization to use cash collateral.

The Debtor's proposed Budget provides for total annual expenses in
the amount of $560,155.

The Debtor relates that it executed a Merchant Agreement in favor
or 1st Global Capital Financial Services in the principal amount of
$75,000.  The Debtor further relates that while 1st Global contends
that it is secured by multiple assets owned by the Debtor, the UCC
filing does not depict 1st Global's name and is dated prior to the
Merchant Agreement, and is probably invalid.

The Debtor tells the Court that there has been no consent nor
opposition to the use of the cash collateral.  The Debtor further
tells the Court that it is unclear to the Debtor if it is prevented
from the use of cash collateral.

Ruxton Design and Build, LLC. is represented by:

          Stephen J. Kleeman, Esq.
          401 Washington Avenue, Suite 800
          Towson, MD 21204
          E-mail: (410) 494-1220

A full-text copy of the Debtor's Motion, dated Feb. 3, 2017, is
available at
http://bankrupt.com/misc/RuxtonDesign2017_1710359_14.pdf

A full-text copy of the Debtor's Budget, dated Feb. 3, 2017, is
available at
http://bankrupt.com/misc/RuxtonDesign2017_1710359_14_1.pdf

               About Ruxton Design and Build

Ruxton Design and Build, LLC, filed a chapter 11 petition (Bankr.
D. Md. Case No. 17-10359) on Jan. 10, 2017.  The Debtor is
represented by Stephen J. Kleeman, Esq.


SAMSON RESOURCES: IRS Tries to Block Okay of Plan
-------------------------------------------------
The United States of America, on behalf of the Internal Revenue
Service, filed with the U.S. Bankruptcy Court for the District of
Delaware an objection to Samson Resources Corporation, et. al.'s
global settlement joint Chapter 11 plan of reorganization.

The IRS says that the Plan should not be confirmed because it
impermissibly: (1) impairs the United States' statutory right to
setoff possible overpayments of tax against liabilities and claims
asserted by the Service and other United States agencies; (2)
discharges non-debtors from liability for any pre-petition debt;
and (3) bars the payment of post-petition interest on priority tax
claims paid over time.

The IRS claims that the Plan provides very extensive and
comprehensive non-consensual third-party releases and exculpation
clauses that, in effect, insulate a wide array of non-debtors from
an even wider array of potential causes of action.  The United
States should not be bound by release or exculpation provisions
where it has not voted in favor of, nor accepted the terms of the
proposed plan.

The Objection is available at:

          http://bankrupt.com/misc/deb15-11934-1985.pdf

                About Samson Resources Corporation

Samson Resources Corporation, et al., filed Chapter 11 bankruptcy
petitions (Bankr. D. Del. Lead Case No. 15-11934) on Sept. 16,
2015.  Philip W. Cook, the executive vice president and CFO,
signed the petition.  The Debtors estimated assets and liabilities
Of more than $1 billion.

Samson is an onshore oil and gas exploration and production
company with interests in various oil and gas leases primarily
located in Colorado, Louisiana, North Dakota, Oklahoma, Texas, and
Wyoming.  The Operating Companies operate, or have royalty or
working interests in, approximately 8,700 oil and gas production
sites.

Samson was acquired by KKR and Crestview from Charles Schusterman
in December 2011 for approximately $7.2 billion.  The investor
group provided approximately $4.1 billion in equity investments as
part of the purchase price.

Kirkland & Ellis LLP represents the Debtors as general counsel.
Klehr Harrison Harvey Branzburg LLP is the Debtors' local counsel.

Alvarez & Marsal LLC acts as the Debtors' financial advisor.
Blackstone Advisory Partners L.P. serves as the Debtors'
Investment banker.  Garden City Group, LLC, serves as claims and
noticing agent to the Debtors.

Andrew Vara, acting U.S. trustee for Region 3, appointed three
creditors of Samson Resources Corp. and its affiliated debtors to
serve on the official committee of unsecured creditors.  The
Committee has tapped White & Case LLP as counsel and Farnan LLP as
local counsel.

                          *     *     *

In September 2016, Judge Sontchi denied Samson Resources' Motion
for extension of their exclusive periods to file and solicit
acceptances of their Chapter 11 plan.  Samson sought an extension
of its exclusivity period by another six months through March
2017.

The Debtors have filed a plan of reorganization.  The Creditors'
Committee has filed a competing plan of liquidation.


SANDERS NURSERY: Wants to Renew Existing IBC DIP Facility
---------------------------------------------------------
Sanders Nursery & Distribution Center, Inc., asks the U.S.
Bankruptcy Court for the Eastern District of Oklahoma to extend the
term of its existing postpetition financing with International Bank
of Commerce.

The terms of the existing Court Order authorized the Debtor to
enter into a post-petition revolving credit arrangement with
International Bank of Commerce, which matures on March 1, 2017.

The Debtor relates that the Revolver is critical to maintaining its
business as a going concern, and that it increases the
possibilities for a successful reorganization and is in the best
interests of the Debtor, its creditors, and its bankruptcy estate
generally.

The Debtor contends that it is not clear under the Existing Order
that the renewal of the Revolver is authorized for a term beyond
March 1, 2017.  The Debtor further contends that it simply seeks
the renewal and the extension of the Revolver for an additional
period of one year from March 1, 2017, upon the terms and
conditions as provided for and permitted by the Existing Order, so
that the Debtor can maintain its operations undiminished through,
at least, the Court's consideration of its plan of reorganization.

A full-text copy of the Debtor's Motion, dated Feb. 6, 2017, is
available at
http://bankrupt.com/misc/SandersNursery2015_1581312_264.pdf

               About Sanders Nursery & Distribution Center

Headquartered in Tahlequah, Oklahoma, Sanders Nursery &
Distribution Center, Inc., filed for Chapter 11 bankruptcy
protection (Bankr. E.D. Okla. Case No. 15-81312) on Dec. 4, 2015.
The petition was signed by Burl Berry, vice president.  Judge Tom
R. Cornish presides over the case.  The Debtor estimated its assets
and liabilities at $1 million to $10 million at the time of the
filing.  Brandon Craig Bickle, Esq., at Gable & Gotwals, P.C.,
serves as the Debtor's bankruptcy counsel.


SANDRIDGE ENERGY: Keeps Exclusivity Pending Confirmation Appeal
---------------------------------------------------------------
Judge David R. Jones of the U.S. Bankruptcy Court for the Southern
District of Texas extended the period during which SandRidge
Energy, Inc. and its affiliated Debtors have the exclusive right to
file a chapter 11 plan through and including November 16, 2017, and
the deadline under which the Debtors have the exclusive right to
solicit a plan filed during the Filing Exclusivity Period through
and including January 16, 2018.

The Troubled Company Reporter had earlier reported that the Debtors
sought to maintain their exclusive right to file and solicit a plan
of reorganization through the maximum statutory exclusivity period
out of an abundance of caution and maintain status quo until
further order of the Court. The Debtors related that the Court had
already confirmed the Debtors' plan on September 20, 2016 with the
support of all major credit constituencies, and the plan had become
effective October 4, 2016.  However, an appeal of the Confirmation
Order is currently pending, and the Debtors believed that since the
duration of the appeal is difficult to predict, an extension to the
statutory limit will avoid future unnecessary motion practice.  

                   About SandRidge Energy, Inc.

SandRidge Energy, Inc. -- http://www.sandridgeenergy.com/-- is an
oil and natural gas exploration and production company
headquartered in Oklahoma City, Oklahoma, with its principal focus
on developing high-return, growth-oriented projects in the U.S.
Mid-Continent and Niobrara Shale.

SandRidge Energy, Inc. and 24 of its subsidiaries each filed a
voluntary petition under Chapter 11 of the Bankruptcy Code (Bankr.
S.D. Tex. Lead Case No. 16-32488) on May 16, 2016.  The petitions
were signed by Julian M. Bott as chief financial officer.

The Debtors have hired Kirkland & Ellis LLP as general bankruptcy
counsel, Zack A. Clement PLLC as local counsel, Houlihan Lokey
Capital, Inc. as financial advisor, Alvarez & Marsal Holdings, LLC
as restructuring advisor and Prime Clerk LLC as claims and noticing
agent.

The cases are assigned to Judge David R Jones.

The Office of the U.S. Trustee has appointed five creditors of
SandRidge Energy, Inc., to serve on the official committee of
unsecured creditors.  The Official Committee is represented by
Charles R. Gibbs, Esq., Daniel H. Golden, Esq., Abid Qureshi, Esq.,
and Brad M. Kahn, Esq., at Akin Gump Strauss Hauer & Feld LLP.

An Ad Hoc Committee of Shareholders is represented by Susan C.
Mathews, Esq., Lori Ann Hood, Esq., and Sunil "Neil" Gupta, Esq.,
at Baker, Donelson, Bearman, Caldwell & Berkowitz.

Counsel to the First Lien Credit Agreement Agent are Andrew V.
Tenzer, Esq., Leslie A. Plaskon, Esq., and Michael Comerford, Esq.,
at Paul Hastings LLP.

Counsel to the Ad Hoc Group of Consenting Unsecured Creditors are
Joseph H. Smolinsky, Esq., and Daniel N. Griffiths, Esq., at Weil
Gotshal & Manges LLP.

Counsel to the Ad Hoc Group of Consenting Second Lien Creditors are
Damian S. Schaible, Esq., and Eli V. Vonnegut, Esq., at Davis Polk
& Wardwell, LLP.

                            *     *     *

SandRidge Energy on Oct. 4, 2016, disclosed that it has emerged
from Chapter 11, having satisfied all the necessary provisions of
its Plan of Reorganization.  SandRidge also received approval to
relist on the New York Stock Exchange in conjunction with its
emergence and resumed trading of newly issued common stock on
October 4, 2016, under the ticker symbol "SD".

The Bankruptcy Court on Sept. 9, 2016, entered an order confirming
the Joint Chapter 11 Plan of Reorganization, which will eliminate
$3.7 billion in pre-petition funded indebtedness.


SANTIAGO FIGUEREO: Seeks to Hire Brett A. Elam as Legal Counsel
---------------------------------------------------------------
Santiago Figuereo, M.D., P.A. seeks approval from the U.S.
Bankruptcy Court for the Southern District of Florida to hire legal
counsel in connection with its Chapter 11 case.

The Debtor proposes to hire The Law Offices of Brett A. Elam, P.A.
to give legal advice regarding its duties under the Bankruptcy
Code, negotiate with creditors, assist in the preparation of a
bankruptcy plan, and provide other legal services.

The rates charged by the firm range from $225 per hour to $375 per
hour.

Brett Elam, Esq., 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:

       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 Santiago Figuereo, M.D., P.A.

Santiago Figuereo, M.D., P.A., a Florida-based professional
association, is a tenant under a nonresidential real property
lease.  The facility is located in Miami-Dade County, Florida, and
is where Miami Neurological Institute, LLC operates its
neurological spine surgery center.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S. D. Fla. Case No. 17-11363) on February 2, 2017.  

At the time of the filing, the Debtor estimated assets of less than
$100,000 and liabilities of less than $1 million.


SEPCO CORPORATION: Court Extends Plan Filing Period to May 10
-------------------------------------------------------------
Judge Alan M. Koschik of the U.S. Bankruptcy Court for the Northern
District of Ohio extended Sepco Corporation's exclusive periods for
filing a chapter 11 plan and soliciting acceptances to the plan
through May 10, 2017 and July 10, 2017, respectively.

The Debtor previously sought the extension of its Exclusivity
Periods so that the Debtor and the Official Committee of Asbestos
Claimants would have more time to negotiate the terms for, and to
formulate and solicit acceptance of, a chapter 11 plan and
ancillary papers.

The Debtor related that as of the Petition Date, the Debtor had
approximately 4,800 open and pending Asbestos PI Claims.  The
Debtor further related that more than 32,000 Asbestos PI Claims
were technically pending against the Debtor but were deemed
inactive either as a matter of state law -- for lack of a
manifested injury, or otherwise -- or because they had been
dormant.  The Debtor added that the U.S. Trustee appointed the
Committee to represent the interests of asbestos claimants in this
case.

The Debtor contended that it had been working collaboratively with
the Committee in its case, and intended to work with the Committee
in an effort to formulate a consensual chapter 11 plan, to the
extent possible.  The Debtor further contended that during the last
few weeks, the Debtor had been responding to additional questions
from the Committee with respect to its informal discovery requests
and had been providing additional material to assist the Committee
in its analysis.  The Debtor added that it would be meeting the
Committee in-person during mid-February, 2017.

The Debtor said that once the Committee's counsel finishes
reviewing the additional information and materials the  the Debtor
had provided and consults with the Committee at that meeting,
negotiations can begin in earnest regarding the outline and details
of a consensual chapter 11 plan and ancillary papers with respect
to the treatment of Asbestos PI Claims.

The Debtor told the Court that it must still determine, in
consultation with the Committee, the most beneficial course of
action relative to the estate's insurance rights.  The Debtor
further told the Court that two of its insurance carriers filed a
Motion to Compel Arbitration and the Debtor anticipated that
negotiations would take place with those insurers in an effort to
resolve differences.  The Debtor related that to accommodate those
negotiations, the parties agreed to extend the period to finish
briefing the issues the Motion to Compel presents, and to postpone
a pretrial conference on that Motion to Compel until April 18,
2017.

                About Sepco Corporation

Aurora, Ohio-based Sepco Corporation filed a Chapter 11 bankruptcy
petition (Bankr. N.D. Ohio. Case No. 16-50058) on Jan. 14, 2016.
The petition was signed by Richard J. Szekelyi as chief
restructuring officer.  At the time of filing, the Debtor had
estimated assets and liabilities ranging from $10 million to $50
million each.

Buckley King, LPA represents the Debtor as counsel.  The Debtor
employed Kurtzman Carson Consultants LLC as its notice, balloting,
and claims agent.

The case has been assigned to Judge Alan M. Koschik.

Daniel M. McDermott, the United States Trustee for Region 9,
appointed seven creditors to serve on the committee of asbestos
claimants, namely: (1) Thomas P. Glembocki; (2) Raymond Grzywinski;
(3) Morris Jacks; (4) John Lavender; (5) Joachim Hans Lohman; (6)
Harry David Tift; and (7) Patrick M. Walsh.

The Official Committee of Asbestos Claimants in the bankruptcy case
of Sepco Corporation retained Caplin & Drysdale, Chartered, as its
counsel and Brouse McDowell, A Legal Professional Association, as
its Ohio co-counsel, and Gilbert LLP as its special counsel.



SERVICEBURY LLC: Taps Feinman Law Offices as Legal Counsel
----------------------------------------------------------
Servicebury, LLC seeks approval from the U.S. Bankruptcy Court for
the District of Massachusetts to hire legal counsel in connection
with its Chapter 11 case.

The Debtor proposes to hire the Feinman Law Offices to give legal
advice regarding its duties under the Bankruptcy Code, prepare a
bankruptcy plan, and provide legal other services.

Feinman has received a retainer in the amount of $20,000.  The
Debtor has agreed to pay additional fees and reimburse the firm for
work-related expenses, subject to court approval.

Michael Feinman, Esq., disclosed in a court filing that his firm is
a "disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Michael B. Feinman, Esq.
     Feinman Law Offices
     Servicebury, LLC
     The Northmark Bank Building
     69 Park Street, Second Floor
     Andover, MA 01810
     Phone: 978-494-6669
     Toll free: 800-406-8856
     Fax: 978-475-0852

                      About Servicebury LLC

Servicebury, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Mass. Case No. 16-14530) on November 29,
2016.  The petition was signed by Nicholas Heras, manager.  The
case is assigned to Judge Frank J. Bailey.

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


SHIROKIA DEVELOPMENT: Wants to Use W Financial Cash Collateral
--------------------------------------------------------------
Shirokai Development LLC asks the U.S. Bankruptcy Court for the
Eastern District of New York for authorization to use W Financial
Fund L.P.'s cash collateral.

The Debtor's proposed Budget, provides for total building expenses
in the amount of $7,763 for each of the months of January through
April.

The Debtor is a single asset real estate company with its only
asset being real property identified as 142-28 38th Avenue,
Flushing, New York.  The Property consists of 23 non-regulated
residential units, 4 commercial units, and 47 parking spaces.  None
of the residential units are being leased or occupied, and 2 of the
commercial units are leased and occupied and generate rental
income.  Approximately 12 of the parking spaces are being leased on
a month to month basis, generating additional income.  The Debtor
values the Property at an estimated fair market value of no less
than $35,000,000.

W Financial claims that the Debtor is indebted to it in the
aggregate amount of $19,119,846 as of Dec. 9, 2016.  The Debtor
disputes the amount owed to W Financial.

W Financial holds a valid, perfected and enforceable first priority
blanket lien on, and a security interest in, all or substantially
all, of the Debtor's assets and their proceeds.

The Debtor and W Financial reached a consensual arrangement
concerning the use of cash collateral during the Chapter 11 case,
as well as a timeline for the refinance or sale of the Property in
furtherance of a plan of reorganization.

The relevant terms, among others, of the Stipulation are:

     (a) The Debtor will provide W Financial with reasonable access
to the Property.

     (b) The Debtor will be authorized to use cash collateral in
accordance with the Budget, subject to 10% variation, through and
including April 15, 2017, subject to extension by consent of W
Financial or approval by the Court.

     (c) The Debtor will remain current on all post-petition real
estate tax obligations.

     (d) No cash collateral may be used to challenge W Financial's
liens or claims.

     (e) W Financial will receive replacement liens in all of the
Debtor's assets except the Avoidance Actions and subject to the
Carve-Outs.

     (f) To the extent there is any diminution in value of the
collateral, W Financial will be entitled to a super priority claim,
subject to the Carve-Out.

     (g) W Financial will receive monthly adequate protection
payments, beginning February, 2017, in the amount of $32,500 per
month.

     (h) The Debtor will have until April 15, 2017 to close on a
refinance of the Property.  In the event the Debtor fails to close
on such refinance by such date, the Debtor will have an additional
60 days to enter into a stalking horse contract of sale for the
sale of the Property subject to higher and better bids and W
Financial's and Mezz Lender's rights to credit bid at auction
pursuant to section 363(k) of the Code.  In the event that the
Debtor fails to enter into such stalking horse contract by June 15,
2017, the Debtor will enter into a stalking horse contact with W
Financial for an auction sale to be held on or before July 15,
2017.  The Debtor will memorialize all of the foregoing terms into
a plan of reorganization to be filed with the Court on or before
February 15, 2017.

The Stipulation provides that the Debtor's right to use cash
collateral will terminate on the earlier of:

     (a) April 15, 2017;

     (b) an uncured default by the Debtor under any of the
provisions of this Stipulation and Order, upon threebusiness days'
written notice to cure said default to the Debtor, DelBello
Donnellan Weingarten Wise & Wiederkehr, LLP, attorneys for the
Debtor, the United States Trustee, and counsel to the Committee, or
the 20 largest unsecured creditors of the Debtor as listed on the
Debtor’s schedules if no committee is appointed under section
1102 of the Bankruptcy Code;

     (c) entry of an order granting relief from the automatic stay
to the Lender or to any other creditor or the Debtor in connection
with the Property;

     (d) conversion or dismissal of the chapter 11 case;

     (e) the filing of any motion or pleading, including a plan of
reorganization, by the Debtor:

          (i) seeking an order authorizing non-consensual use of
Cash Collateral or debtor in possession financing not otherwise
permitted under the Stipulation, or

         (ii) seeking an order, or the entry of an order,
challenging or affecting the validity, priority, perfection and/or
amount of Lender's liens or claims against Debtor or its assets, or
seeking a recovery on any avoidance action;

     (f) the filing by Debtor of a Notice of Conversion or the
entry of any order converting the Debtor’s Chapter 11 Case to a
case under Chapter 7 of the Bankruptcy Code;

     (g) the appointment of an examiner or trustee in the Chapter
11 case, or

     (h) the Debtor's failure to comply with the provisions of
Paragraph 10 of the Stipulation.

The Carve-Out consists of:

     (a) fees payable under 28 U.S.C. Section 1930 and 31 U.S.C
Section 3717;

     (b) professional fees of duly retained professionals in the
Chapter 11 case as may be awarded pursuant to Sections 330 or 331
of the Code or pursuant to any monthly fee order entered in the
Debtor's Chapter 11 case, with the exception of any duly retained
real estate brokers;

     (c) the fees and expenses of a hypothetical Chapter 7 trustee
to the extent of $20,000; and

     (d) the recovery of funds or proceeds from the successful
prosecution of avoidance actions.

A full-text copy of the Debtor's Motion, dated Feb. 3, 2017, is
available at
http://bankrupt.com/misc/ShirokiaDevelopment2016_11645568nhl_27.pdf

A full-text copy of the Stipulation and Order, dated Feb. 3, 2017,
is available at
http://bankrupt.com/misc/ShirokiaDevelopment2016_11645568nhl_27_14.pdf

A full-text copy of the proposed Budget, dated Feb. 3, 2017, is
available at
http://bankrupt.com/misc/ShirokiaDevelopment2016_11645568nhl_27_15.pdf

W Financial Fund, LP, can be reached at:

          W FINANCIAL FUND, LP
          Attn: David Heiden
          149 Madison Avenue
          New York, NY 10016

W Financial Fund, LP, is represented by:

          Michael R. Yellin, Esq.
          COLE SCHOTZ P.C.
          25 Main Street
          Hackensack, New Jersey 07601
          E-mail: myellin@coleschotz.com
         
                  About Shirokia Development LLC

Shirokia Development, LLC, a single asset real estate business
based in Flushing, New York, filed a chapter 11 petition (Bankr.
E.D.N.Y. Case No. 16-45568) on Dec. 9, 2016.  The petition was
signed by Hong Qin Jiang, sole member.  The Debtor is represented
by Dawn Kirby, Esq., at Delbello Donnellan Weingarten Wise &
Wiederkehr.  The Debtor disclosed total assets at $27 million and
total liabilities at $21.80 million.


SOMERSET THOR: EPA, IRS Seek Ch. 11 Trustee Appointment
-------------------------------------------------------
The United States of America, on behalf of its agencies, the
Environmental Protection Agency and the Internal Revenue Service,
ask Judge Vincent F. Papalia of the U.S. Bankruptcy Court for the
District of New Jersey to enter an order appointing a Chapter 11
Trustee for S B Building Associates Limited Partnership, SB
Milltown Industrial Realty Holdings, LLC, and Alsol Corporation.

The Creditors of the Chapter 11 bankruptcy cases are Cherry Tree
Property, LLC, Sass Muni IV, LLC, Sass Muni V, LLC, Sass Muni VI,
LLC, and Borough of Milltown.

The Debtors' Co-Counsels are:

         Morris S. Bauer, Esq.
         NORRIS MCLAUGHLIN & MARCUS, PA
         721 Route 202-206, Suite 200
         P.O. Box 5933
         Bridgewater, NJ 08807-5933    

            -- and --     

         Lawrence S. Berger, Esq.
         Gregory J. Cannon, Esq.
         BERGER & BORNSTEIN, P.A.
         237 South Street
         P.O. Box 2049
         Morristown, NJ 07962-2049

The Counsel for the Creditors Cherry Tree, Sass Muni IV, V, and VI
are:

         Stuart J. Glick, Esq.
         Vivian M. Arias, Esq.
         Jennifer A. Christian, Esq.
         THOMPSON & KNIGHT LLP
         900 Third Avenue
         New York, NY 10022

The Counsel for the Creditor Cherry Tree are:

         Adam D. Greenberg, Esq.
         HONIG & GREENBERG, L.L.C.
         1949 Berlin Road, Suite 200
         Cherry Hill, NJ 08003-3737

            -- and --

         Robin I. London-Zeitz, Esq.
         GARY C. ZEITZ, L.L.C.
         1105 Laurel Oak Road, Suite 136
         Voorhees, NJ 08043

The Counsel for the Creditor Borough of Milltown are:
   
         James F. Clarkin III, Esq.
         CLARKIN & VIGNUOLO, P.C.
         110 Centennial Avenue, Suite 203
         Piscataway, NJ 08854

            -- and --

         Thomas J. Buck, Esq.
         28 North Main Street
         Milltown NJ 08850

Somerset Thor Building Realty Holdings, LP, filed a Chapter 11
petition (Bankr. D.N.J., Case No. 13-12660) on February 11, 2013.
The Debtor is represented by Morris S. Bauer, Esq., at Norris
McLaughlin & Marcus, PA, in Bridgewater, New Jersey.

At the time of filing, the Debtor has estimated assets of
$1,000,001 to $10,000,000 and estimated debts of $1,000,001 to
$10,000,000.

Soomerset Thor's affiliates also simultaneously filed separate
Chapter 11 petitions:

   Debtor                              Case No.
   ------                              --------
S B Building Associates                13-12682
Limited Partnership
  Assets: $1,000,001 to $10,000,000
  Debts: $1,000,001 to $10,000,000
SB Milltown Industrial Realty          13-12685
Holdings, LLC
  Assets: $1,000,001 to $10,000,000
  Debts: $1,000,001 to $10,000,000
Alsol Corporation                      13-12689
  Assets: $1,000,001 to $10,000,000
  Debts: $1,000,001 to $10,000,000

The petitions were signed by Lawrence S. Berger, president of
general partner and authorized agent.

Affiliates that previously sought Chapter 11 protection:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
400 Blair Realty Holdings, LLC         11-37887   09/23/11
Berley Associates, Ltd.                12-32032   09/05/12
Route 88 Office Associates, Ltd.       12-32431   09/11/13


SPANISH BROADCASTING: BlackRock Holds 2.4% A-Shares as of Jan. 31
-----------------------------------------------------------------
BlackRock, Inc. disclosed in an amended Schedule 13G filed with the
Securities and Exchange Commission that as of Jan. 31, 2016, it
beneficially owns 101,679 shares of Class A common stock of Spanish
Broadcasting System Inc. representing 2.4 percent of the shares
outstanding.  A full-text copy of the regulatory filing is
available for free at https://is.gd/RGTlNt

                About Spanish Broadcasting

Headquartered in Coconut Grove, Florida, Spanish Broadcasting
System, Inc. (OTCQX:SBSAA) -- http://www.spanishbroadcasting.com/


-- owns and operates 21 radio stations targeting the Hispanic
audience.  The Company also owns and operates Mega TV, a television
operation with over-the-air, cable and satellite distribution and
affiliates throughout the U.S. and Puerto Rico.  Its revenue for
the twelve months ended Sept. 30, 2010, was approximately $140
million.

As of Sept. 30, 2016, Spanish Broadcasting had $451.7 million in
total assets, $569.4 million in total liabilities and a total
stockholders' deficit of $117.7 million.

                         *     *     *

As reported by the TCR on Feb. 1, 2016, Moody's Investors Service
downgraded Spanish Broadcasting System's Corporate Family Rating to
'Caa2' from 'Caa1', Probability of Default Rating to 'Caa3-PD' from
'Caa1-PD', and lowered its Speculative Grade Liquidity Rating to
SGL-4 from SGL-3.  Spanish Broadcasting's 'Caa2' Corporate Family
Rating and Caa3-PD Probability of Default Rating reflect very high
debt+preferred stock-to-EBITDA of 10.4x estimated for LTM December
2015 (including Moody's standard adjustments, 6.9x excluding
preferred stock and accrued dividends), the need to address the
Voting Rights Triggering Event, and the heightened potential of a
payment default given the near term maturity of the 12.5% senior
secured notes due April 2017.

As reported by the TCR on June 21, 2016, S&P Global Ratings said it
lowered its corporate credit rating on Spanish Broadcasting System
to 'CCC' from 'CCC+'.


STANWICH FINANCIAL: R. Finkel Named Substitute Liquidating Agent
----------------------------------------------------------------
Chief Judge Julie A. Manning of the U.S. Bankruptcy Court for the
District of Connecticut entered an order granting the motion for
the appointment of Richard Finkel as a successor liquidating agent
of the confirmed first amended Chapter 11 Plan for Stanwich
Financial Services Corporation.

During the February 7, 2017 hearing on the capacity of the Debtor's
liquidating agent, Ivey, Barnum & O'Mara, LLC, the Court approved
the resignation of the Debtor's Liquidating Agent and the
appointment of Richard Finkel as substitute Liquidating Agent.  The
Debtor has filed a Motion for the Appointment of a Successor
Liquidating Agent and Scott D. Rosen on behalf of Creditor, Bear
Stearns & Co., Inc., filed a limited objection.

Stanwich Financial Services Corp., filed for chapter 11 protection
on June 25, 2001, in the U.S. Bankruptcy Court for the District of
Connecticut (Bankr. Case No. 01-50831).  Robert U. Sattin, Esq., at
Reid and Riege, PC, in Hartford, represented the Debtor. The
Committee, represented by Diedre A. Martini, Esq., and Pamela B.
Corrie, Esq., at Ivey Barnum & O'Mara, in Greenwich, commenced an
adversary proceeding (Adv. Pro. No. 02-05023) against a long list
of alleged recipients of fraudulent transfers on May 3, 2002.


STEREOTAXIS INC: DAFNA Capital Reports 9.9% Stake as of Feb. 6
--------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, DAFNA Capital Management, LLC, Dr. Nathan Fischel and
Dr. Fariba Ghodsian disclosed that as Feb. 6, 2017, they
beneficially own 2,280,212 shares of common stock of Stereotaxis,
Inc. representing 9.99 percent of the shares outstanding.

The amount consists of 1,372,862 shares of Common Stock and 907,350
shares of Common Stock issuable upon conversion of preferred stock
held by the Funds.  Dr. Fariba Ghodsian is the chief investment
officer of DAFNA, which is the investment manager and general
partner of each of the Funds.

On Feb. 6, 2017, Stereotaxis announced that the Board appointed
(i) Dr. Nathan Fischel, CEO of DAFNA Capital Management, LLC, as a
director, effective immediately, and (ii) Mr. David Fischel, an
employee of DAFNA Capital Management as acting CEO and Chairman of
the Board, effective immediately.

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

                       https://is.gd/PTzZuJ

                         About Stereotaxis

Based in St. Louis, Missouri, Stereotaxis, Inc., is a manufacturer
and developer of a suite of navigation systems in interventional
surgical procedures.  The Company's Epoch Solution is used in the
treatment of arrhythmias and coronary artery disease.

Stereotaxis reported a net loss of $7.35 million on $37.7 million
of total revenue for the year ended Dec. 31, 2015, compared to a
net loss of $5.20 million on $35.01 million of total revenue for
the year ended Dec. 31, 2014.

In its report on the Company's consolidated financial statements
for the year ended Dec. 31, 2015, Ernst & Young LLP, in St. Louis,
Missouri, issued a "going concern" qualification stating that
the Company has incurred recurring losses from operations and has a
net capital deficiency that raise substantial doubt about the
Company's ability to continue as a going concern.


STEREOTAXIS INC: David Fischel Named Acting CEO
-----------------------------------------------
In a move designed to help re-establish Stereotaxis' growth
trajectory, the Company's Board of Directors has unanimously
appointed David Fischel as acting chief executive officer and
chairman, effective Feb. 6, 2017.  Mr. Fischel replaces William C.
Mills, who has resigned from his position as CEO and from the
Board.

In connection with his resignation, the Company and Mr. Mills
entered into a severance agreement and release, dated Feb. 3, 2017.
Under the terms of the Severance Agreement and Release, Mr. Mills
will receive the severance payments and other benefits set forth in
the terms of his Employment Agreement with the Company, dated as of
May 30, 2014, in the same manner as if he were terminated without
cause, subject to certain offsets.  Mr. Mills will receive an
amount equal to his current annual base salary ($489,250) as
severance, payable over the 12-month period following Feb. 3, 2017,
in accordance with Stereotaxis' regular payroll schedule, as well
as other benefits set forth in the Severance Agreement and Release.


"We want to thank Bill for his 17 years of service as a Director
and contributions to Stereotaxis as CEO and Chairman for the past
four years," said David Benfer, lead independent director of the
Company.  "We wish Bill much success in his future endeavors."

"I am grateful for the responsibility entrusted in me by the Board
and am excited by the opportunity to reinvigorate Stereotaxis with
a culture of growth and to strengthen the commitment to significant
innovations in electrophysiology and beyond," said David Fischel.
"The key elements necessary to transform Stereotaxis into a highly
successful company are largely in place. At the core, we have a
technically sophisticated and differentiated robotic system,
validated across nearly 100,000 procedures, providing significant
clinical benefits to patients and physicians in a rapidly growing
multi-billion dollar market. The strategic financing announced in
September 2016 provided the Company with a strong balance sheet,
committed investor base, and highly experienced, involved and
constructive new Board members. Our focus now will be on growing
sales, financial discipline, and enhanced relationships with
potential strategic partners and the financial community.  I look
forward to working collaboratively with Stereotaxis' team,
customers and partners to realize the great potential of this
Company for the betterment of patients."

Mr. Fischel has agreed to serve in his capacity on an unpaid
basis.

"David has shown a great ability to synthesize the broad strategic
needs of the Company with an attention to the actionable details
that can lead to positive transformation," said Joe Kiani, CEO of
Masimo and an independent director of Stereotaxis.  "His strong
track record of strategic, operational and financial management
success, combined with his knowledge of Stereotaxis' people,
technologies and markets, makes him exceptionally qualified to help
us build our business and sharpen our execution."

"David's unyielding passion and enthusiasm for the Company are
infectious as they energize the people around him.  Indeed, they
were key factors in my decision to join the Stereotaxis Board in
the first place.  I look forward to working closely with him to
make Stereotaxis highly successful," added Dr. Arun Menawat, CEO of
Profound Medical Inc. and an independent director of the Company.

The Company also announced the appointment of Dr. Nathan Fischel,
CEO and Founder of DAFNA Capital Management, LLC, as a director.

"I am excited to join the Board of Stereotaxis.  The Company has
the potential to transform the experience of patients and
physicians, as well as enabling complex procedures that otherwise
may not be possible.  I look forward to contributing in the effort
to transform this potential into reality," said Dr. Nathan
Fischel.

Mr. Fischel has served as a director of Stereotaxis since
orchestrating the equity investment and positive strategic
initiatives announced in September 2016.  He has served for over
eight years as Principal and portfolio manager for medical device
investments at DAFNA Capital Management, LLC.  In addition to his
research responsibilities, Mr. Fischel has been deeply involved in
all aspects of the firm's operations including legal, accounting,
IT, compliance, human resources and marketing.  Prior to joining
DAFNA Capital, he was a research analyst at SCP Vitalife, a
healthcare venture capital fund.  Mr. Fischel completed his B.S.
magna cum laude in Applied Mathematics with a minor in Accounting
at the University of California at Los Angeles and received his MBA
from Bar-Ilan University in Tel Aviv.  He is a Certified Public
Accountant, Chartered Financial Analyst and Chartered Alternative
Investment Analyst.

Dr. Nathan Fischel is the founder and CEO of DAFNA Capital
Management, LLC.  DAFNA Capital is an SEC registered investment
advisor with a highly successful investment track record of over 18
years focused on innovations in biotechnology and medical devices.
Dr. Fischel was Professor of Pediatrics at UCLA School of Medicine,
and attending physician in Pediatric Hematology and Oncology at
Cedars-Sinai Medical Center in Los Angeles.  He has published over
120 peer-reviewed scientific and medical manuscripts and book
chapters, has been the principal investigator of multiple National
Institutes of Health funded research grants, has served repeatedly
on internal and external review panels at the NIH, and was
appointed by the U.S. Secretary of Health and Human Services to
serve for four years on the Advisory Council of one of the NIH's
institutes.  Dr. Fischel received his M.D. from the Technion Israel
Institute of Technology and served his internship year at Hadassah
Hospital in Jerusalem.  He completed his residency and fellowship
in Pediatrics and Pediatric Hematology and Oncology at the
Children's Hospital and the Dana-Farber Cancer Institute, Harvard
Medical School in Boston, and his postgraduate research training in
Molecular Genetics at Oxford University in England.

                       About Stereotaxis

Based in St. Louis, Missouri, Stereotaxis, Inc., is a manufacturer
and developer of a suite of navigation systems in interventional
surgical procedures.  The Company's Epoch Solution is used in the
treatment of arrhythmias and coronary artery disease.

Stereotaxis reported a net loss of $7.35 million on $37.7 million
of total revenue for the year ended Dec. 31, 2015, compared to a
net loss of $5.20 million on $35.01 million of total revenue for
the year ended Dec. 31, 2014.

In its report on the Company's consolidated financial statements
for the year ended Dec. 31, 2015, Ernst & Young LLP, in St. Louis,
Missouri, issued a "going concern" qualification stating that
the Company has incurred recurring losses from operations and has a
net capital deficiency that raise substantial doubt about the
Company's ability to continue as a going concern.


STEREOTAXIS INC: Expects to Report Lower Revenue in Q4
------------------------------------------------------
Stereotaxis, Inc., issued a press release on Feb. 6, 2017, setting
forth the Company's expectations regarding selected financial
results for the fourth quarter and full 2016 fiscal year.

Revenue for the fourth quarter of 2016 is expected to total $7.3
million, an approximate 21% decline from the prior year fourth
quarter.  The decline was primarily caused by a lack of any Niobe
ES systems being sold in the quarter.  Based on this preliminary
estimate, recurring revenue generated from procedures and service
contracts is expected to be $6.5 million, down 4% compared to the
prior year's fourth quarter.  Ventricular tachycardia (VT)
procedures grew 16% in the quarter while overall procedures were
down 6%.

Revenue for the full year ended Dec. 31, 2016, is expected to be
$32.2 million, a 15% decline compared to $37.7 million for 2015.
Recurring revenue for the year is anticipated to be $26.4 million,
a 2% decline compared to 2015.  System revenue is expected to be
$5.8 million, primarily reflecting the sale of two Niobe ES systems
in addition to $2.9 million from the sale of Odyssey information
management systems to robotic and manual labs.  During the 2016
year, 9,177 procedures were performed globally on Stereotaxis'
robotic systems, a decrease of 1%.  VT procedures grew 23% and
reflected 31% of the year's procedure volume.  Gross profit for the
year is expected to be 77%.  The Company expects to recognize an
operating loss and negative free cash flow of $6.4 and $7.0
million, respectively.

At Dec. 31, 2016, Stereotaxis had cash and cash equivalents of $8.5
million, no debt, and $3.8 million in availability under its
revolving line of credit.

The financial results presented in the release are preliminary and
unaudited, and actual results may differ.  The Company currently
expects to report audited full year financial results in March
2017.

                     About Stereotaxis

Based in St. Louis, Missouri, Stereotaxis, Inc., is a manufacturer
and developer of a suite of navigation systems in interventional
surgical procedures.  The Company's Epoch Solution is used in the
treatment of arrhythmias and coronary artery disease.

Stereotaxis reported a net loss of $7.35 million on $37.7 million
of total revenue for the year ended Dec. 31, 2015, compared to a
net loss of $5.20 million on $35.01 million of total revenue for
the year ended Dec. 31, 2014.

In its report on the Company's consolidated financial statements
for the year ended Dec. 31, 2015, Ernst & Young LLP, in St. Louis,
Missouri, issued a "going concern" qualification stating that
the Company has incurred recurring losses from operations and has a
net capital deficiency that raise substantial doubt about the
Company's ability to continue as a going concern.


STONE ENERGY: EQT Energy Wins Auction to Acquire Marcellus Acres
----------------------------------------------------------------
EQT Corporation on Feb. 9, 2017, disclosed that EQT, through its
subsidiary EQT Production Company, has won a bankruptcy auction to
acquire 53,400 core net Marcellus acres, including drilling rights
on 44,100 net acres in the Utica and current natural gas production
of approximately 80 MMcfe per day, from Stone Energy Corp. for $527
million.  Pending final approval by the bankruptcy court at a
hearing scheduled for February 10, 2017, the transaction is
expected to close on or about February 28, 2017. EQT will finance
the acquisition with cash-on-hand.

The acquired acres are within EQT's core liquids-rich development
areas -- primarily located in the Wetzel, Marshall, Tyler, and
Marion Counties of West Virginia -- and complement the Company's
adjacent operations.  The acquisition includes approximately 173
new Marcellus locations.  The acreage has an average 85% net
revenue interest and 86% is either held by production or has lease
expiration terms that extend beyond 2019.

The assets include 174 Marcellus wells -- of which 123 wells are
developed and 51 are in-progress.  Also included are 20 miles of
gathering pipeline and an additional 32,000 acres outside the
company's core development area.

                     About EQT Corporation

EQT Corporation -- http://www.EQT.com-- is an integrated energy
company with emphasis on Appalachian area natural gas production,
gathering, and transmission.  EQT also owns a 90% limited partner
interest in EQT GP Holdings, LP. EQT GP Holdings, LP owns the
general partner interest, all of the incentive distribution rights,
and a portion of the limited partner interests in EQT Midstream
Partners, LP.

                      About Stone Energy

Stone Energy Corp. is an independent oil and natural gas
exploration and production company headquartered in Lafayette,
Louisiana with additional offices in New Orleans, Houston and
Morgantown, West Virginia.  Stone is engaged in the acquisition,
exploration, development and production of properties in the Gulf
of Mexico and Appalachian basins. Stone Energy had 247 employees
as of the bankruptcy filing.

Stone Energy Corp. and two affiliates sought Chapter 11 protection
(Bankr. S.D. Tex. Case Nos. 16-36390, 16-36391 and 16-36392) on
Dec. 14, 2016, to pursue a prepackaged plan of reorganization.
Judge Marvin Isgur is assigned to the cases.

The Debtors hired Latham & Watkins LLP as general counsel, Porter
Hedges LLP as local counsel; Vinson & Elkins LLP as special
counsel; Alvarez & Marsal North America, LLC as financial advisor;
Lazard Freres & Co. LLC, as investment banker; and Epiq Bankruptcy
Solutions, LLC as claims, noticing, solicitation and balloting
agent.


SUBMARINA INC: W. Donald Gieseke Named Chapter 11 Trustee
---------------------------------------------------------
United States Trustee, Tracy Hope Davis, notified the U.S.
Bankruptcy Court for the District of Nevada of the appointment of
W. Donald Gieseke as Chapter 11 Trustee for Submarina, Inc.

The Notice of Appointment was made pursuant to the order entered
January 17, 2017 directing the United States Trustee to appoint a
Chapter 11 Trustee for the Debtor.

Based on the Notice, the Chapter 11 bond is initially set at
$30,000 for In re Submarina, Inc., Case No. 12- 22097-MKN. The bond
may require adjustment as the trustee collects and liquidates
assets of the estate of the Debtor.

The U.S. Trustee asks that Mr. Gieseke inform the Office of the
United States Trustee when changes to the bond amount are required
or made.

            About Submarina Inc.

Submarina, Inc., is a food franchisor. It sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Nev. Case No.
12-22097) on Oct. 25, 2012. The petition was signed by Bruce N.
Rosenthal, president and CEO.  

The Debtor is represented by Matthew L. Johnson, Esq., and Russell
G. Gubler, Esq., at Johnson & Gubler, P.C.

The case is assigned to Judge Mike K. Nakagawa.

At the time of the filing, the Debtor estimated its assets and
debts at $1,000,001 to $10,000,000.

Kerensa Investment Fund 1, LLC (Bankr. D. Nev. Case No. 11-24352)
is an investment entity whose only asset of value is the ownership
of 2,198,958 shares of Submarina stock.  

The cases are jointly administered under Submarina.


SUPERIOR LINEN: Can Get Additional $230,000 Financing from RD VII
-----------------------------------------------------------------
Judge Mike K. Nakagawa of the U.S. Bankruptcy Court for the
District of Nevada authorized Superior Linen, LLC, to obtain
superpriority postpetition financing from RD VII Investments, LLC,
on an interim basis.

The Debtor is authorized to obtain additional postpetition
financing from RD VII Investments on a superpriority senior secured
basis in the additional amount of $230,000, for a total of $650,000
of the $750,000 sought by the Debtor.

The $100,000 balance of the $750,000 sought by the Debtor will be
considered at the Final Hearing.

Judge Nakagawa extended the Maturity Date for any and all financing
received from RD VII Investments to Sept. 30, 2017.

RD VII Investments is granted a continuing security interest in all
of the Debtor's right, title and interest in the Collateral and all
other assets previously secured by RD VII Investments as of the
Petition Date, together with all post-petition accruals thereon.
RD VII Investments is also granted a super-priority priming lien
claim in the Debtor's bankruptcy case in the amount of any
outstanding principal, interest and fees in respect of the Loan,
having priority over all administrative expenses, subject only to
the professional fee carve-out.

The professional fee carve-out consists of all allowed unpaid fees
and expenses payable to professional persons retained by the Debtor
in its Chapter 11 case, not to exceed $125,000 to the Debtor's
general and special counsel, $55,000 to the Official Committee of
Unsecured Creditors, and $150,000 to Province, Inc., as the
Debtor's financial advisor.

A full-text copy of the Order, dated Feb. 3, 2017, is available at

http://bankrupt.com/misc/SuperiorLinen2016_1615388mkn_261.pdf

RD VII Investments, LLC, is represented by:

          Samuel A. Schwartz, Esq.
          Bryan A. Lindsey, Esq.
          SCHWARTZ FLANSBURG PLLC
          6623 Las Vegas Blvd., Suite 300
          Las Vegas, NV 89119
          
                     About Superior Linen, LLC

Superior Linen, LLC, doing business as Superior Linen and Laundry
Services, which operates as a commercial laundry and linen rental
company, filed a chapter 11 petition (Bankr. D. Nev. Case No.
16-15388) on Sept. 30, 2016.  The petition was signed by Robert E.
Smith, chief financial officer.  The case is assigned to Judge Mike
N. Nakagawa.  The Debtor estimated assets and debts at $10 million
to $50 million at the time of the filing.

The Debtor tapped Matthew C. Zirzow, Esq., at Larson & Zirzow, LLC,
as bankruptcy counsel.  Paras Barnett, Esq., at Barnett &
Associates is serving as special counsel.

The U.S. Trustee for Region 17 appointed three creditors of
Superior Linen, LLC to serve on the Official Committee of Unsecured
Creditors: Baltic Linen Company, Inc., United Cleaners Supply, Inc.
and Regent Apparel.  The Committee is represented by Candace C.
Carlyon, Esq. and Matthew R. Carlyon, Esq., at Morris, Polich &
Purdy, LLP.


SWING HOUSE REHEARSAL: Seeks May 8 Plan Filing Extension
--------------------------------------------------------
Swing House Rehearsal and Recording, Inc. and Philip Joseph
Jaurigui ask the U.S. Bankruptcy Court for the Central District of
California to extend their exclusive periods to file Plan of
Reorganization and obtain acceptances of such plan for two months,
or to and including May 8, 2017 and July 7, 2017, respectively.

Absent the requested extension, the Debtors' exclusive periods to
file a Plan and obtain acceptances would have expired on March 8,
2017 and May 7, 2017, respectively.

The Debtors submit that their exclusivity periods should be
extended because, among other reasons:

     (1) the claims bar date of March 15, 2017, has not yet passed
and the Debtors require additional time to allow such bar date to
pass and to carefully analyze the amount, validity, and extent of
the claims asserted against them which will need to be addressed in
the Plan;

     (2) the Debtors have continued discussions with certain key
creditors about their chapter 11 goals and exit plan, but are not
yet ready to propose a Plan;

     (3) this is the Debtors' initial request for extension of the
exclusivity periods; and

     (4) the Debtors are current on all material reporting
requirements under the Bankruptcy Code, Bankruptcy Rules and
Guidelines of the Office of the U.S. Trustee.

Given these issues, the Debtors believe that it would be premature
to file a Plan at this time. The Debtors assert that a premature
Plan will likely lead to further delays in the plan confirmation
process and will serve only to increase the administrative costs of
these cases as any Plan filed now would undoubtedly have to be
amended or modified after the Claims Bar Date has passed.

A hearing to consider extension of the Debtor's exclusive periods
will be held on March 1, 2017 at 11:00 a.m.

                          About Swing House Rehearsal

Swing House Rehearsal and Recording, Inc. dba Swing House Studios
filed a Chapter 11 petition (Bankr. C.D. Cal. Case No. 16-24758),
on November 8, 2016.  The petition was signed by Philip Jaurigui,
president and secretary.  The case is assigned to Judge Robert N.
Kwan.  The Debtor is represented by Kurt Ramlo, Esq. and Jeffrey S.
Kwong, Esq., at Levene, Neale, Bender, Yoo & Brill L.L.P.  At the
time of filing, the Debtor estimated $1 million to $10 million in
both assets and liabilities.


TEMPEST GROUP: Has Until April 1 to File Reorganization Plan
------------------------------------------------------------
Judge Jeffrey A. Deller of the U.S. Bankruptcy Court for the
Western District of Pennsylvania extended The Tempest Group, Inc.'s
exclusive period for filing its Disclosure Statement and Plan of
Reorganization until April 1, 2017.

The Debtor previously sought the extension of its exclusive period,
telling the Court that it was in negotiations with its primary
creditor, Avanti Wind Systems, Inc., to resolve its claim against
the Debtor, and that resolution of that claim would materially
affect the Debtor's Plan of Reorganization.  The Debtor further
told the Court that it required additional time to attempt to
finalize a settlement.

              About The Tempest Group, Inc.

The Tempest Group filed for Chapter 11 bankruptcy protection
(Bankr. W.D. Pa. Case No. 16-70496) on July 5, 2016, estimating its
assets at $0 to $50,000 and liabilities at $100,001 and $500,000.
The Petition was signed by Cynthia Cuenin, President.  Robert O.
Lampl, Esq., serves as the Debtor's bankruptcy counsel.

The Office of the U.S. Trustee on Sept. 27, 2016, disclosed in a
court filing that no official committee of unsecured creditors has
been appointed in the Chapter 11 case of The Tempest Group.


TERRASSA CONCRETE: April 11 Disclosure Statement Hearing
--------------------------------------------------------
Judge Enrique S. Lamoutte Inclan will convene a hearing on April
11, 2017, at 10:00 a.m. to consider approval and rule upon the
adequacy of the disclosure statement describing the plan of
reorganization filed by Terrassa Concrete Industries Inc.

Objections to the form and content of the disclosure statement
should be in writing and filed and served not less than 14 days
prior to the hearing.

As reported by the Troubled Company Reporter on Feb. 8, 2017, under
the proposed plan, Class 6 unsecured creditors will be paid an
estimated 2% of their allowed claims or $100,000 over 60 months.
These creditors assert a total of $5 million in claims.

A copy of the disclosure statement is available for free at:

                      https://is.gd/a0zKmY

           About Terrassa Concrete Industries

Terrassa Concrete Industries Inc., founded in 1983 by Jose
Terrassa Rosario, is a Bayamon-based company that produces
materials for the construction industry in Puerto Rico.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. P.R. Case No. 16-00182) on January 15,
2016.  The
petition was signed by Luis E. Terrassa Muniz, president.  The
case is assigned to Judge Enrique S. Lamoutte Inclan.

At the time of the filing, the Debtor estimated assets of less
than $50,000 and liabilities of $1 million to $10 million.


THE WET SEAL: Court Allows Cash Collateral Use on Interim Basis
---------------------------------------------------------------
Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the
District of Delaware authorized The Wet Seal, LLC and its
affiliated debtors to use cash collateral on an interim basis.

Crystal Financial LLC, as Senior Agent for the Senior Lenders, and
Mador Funding, LLC, as Subordinated Agent for the Senior Agent, and
for the Subordinated Lenders, assert interests in the cash
collateral.

The Debtors are indebted to the Senior Secured Parties in the
aggregate principal amount of not less than $9,736,833, plus
accrued and unpaid interest at the Default Rate, indemnification
obligations and fees and expenses and other related obligations.

The Debtor are also indebted to the Subordinated Secured Parties in
the aggregate principal amount of not less than $15,600,000 plus
accrued and unpaid interest at the Default Rate, indemnification
obligations and fees and expenses, and other related obligations.

The Debtors granted valid, binding, enforceable, non-avoidable,
properly-perfected senior security interests and liens on
substantially all of their assets to the Senior Agent, for itself
and the Senior Lenders, and the Subordinated Agent, for itself and
the Subordinated Lenders.

Judge Sontchi acknowledged that the Debtors require the immediate
use of cash collateral, the absence of which would cause immediate
and irreparable harm to the Debtors, their estates, their creditors
and parties in interest.

The approved Budget provided for total disbursements in the amount
of $15,938,000 for the period beginning the week ending Feb. 4,
2017, through the week ending March 11, 2017.

The Debtors are authorized to use cash collateral through the date
which is the earliest to occur of:

     (a) The Termination Declaration Date;

     (b) March 10, 2017; or

     (c) the Closing Date.

The Senior Agent, for the benefit of the Senior Secured Parties,
and the Subordinated Agent, for the benefit of the Subordinated
Parties, are granted additional and replacement continuing valid,
binding, enforceable, non-avoidable, and automatically perfected
post-petition security interests and liens on any and all
presently-owned and after-acquired real property, personal
property, and all other assets of the Debtor, together with their
proceeds.

The Senior Adequate Protection Liens will be junior only to:

     (a) the Carve Out;

     (b) the Senior Permitted Prior Liens; and

     (c) the Pre-petition Seniro Liens.

The Subordinated Adequate Protection Liens will be junior only to:

     (a) the Carve Out;

     (b) the Pre-petition Senior Liens;

     (c) the Permitted Prior Liens;

     (d) the Senior Adequate Protection Liens; and

     (e) the Pre-petition Subordinated Liens.

The Senior Secured Parties and the Subordinated Parties were also
granted allowed superpriority administrative expense claims, having
priority over all administrative expense claims and unsecured
claims against the Debtors or their estates.

The Debtors are directed to make the following adequate protection
payments to the Senior Agent on behalf of the Senior Secured
Parties:

     (a) weekly payments at the Default Rate;

     (b) a payment of the Senior Obligations in the amount of
$250,000, no later than three business days after the entry of the
Interim Order;

     (c) a payment of the Senior Obligations in the amount of
$1,800,000 by no later than Feb. 10, 2017;

     (d) a payment of the Senior Obligations in the amount of
$3,000,000 by no later than Feb. 17, 2017;

     (e) a payment of the Senior Obligations in the amount of
$1,450,000 by no later than Feb. 24, 2017;

     (f) a payment of the Senior Obligations in the amount of
$50,000 by no later than March 3, 2017;

     (g) at the end of the earlier of the Specified Period or March
10, 2017, all fees and other amounts due under the Senior Loan
Documents; and

     (h) 100% of the Net Cash Proceeds from any asset disposition.

The Carve Out consists of:

     (a) all fees required to be paid to the Clerk of the
Bankruptcy Court and all statutory fees payable to the U.S.
Trustee, together with the statutory rate of interest;

     (b) all accrued and unpaid fees, disbursements, costs and
expenses incurred by professionals or professional firms retained
by the Debtors or the Committee, if any;

     (c) all unpaid fees, disbursements, costs and expenses
incurred by the Professionals on or after the day following the
delivery by the Senior Agent of a Carve-Out Trigger Notice up to an
amount not to exceed the amount of such fees, disbursements, costs
and expenses for each Professional in the Budget, in an aggregate
amount not to exceed $100,000.

A full-text copy of the Order, dated Feb. 3, 2017, is available at

http://bankrupt.com/misc/TheWetSeal2017_1710229css_51.pdf

A full-text copy of the approved Budget, dated Feb. 3, 2017, is
available at
http://bankrupt.com/misc/TheWetSeal2017_1710229css_51_1.pdf

                  About The Wet Seal, LLC

The Wet Seal, LLC, a/k/a The Wet Seal (2015), LLC, The Wet Seal
Gift Card, LLC,and Mador Financing, LLC filed chapter 11 petitions
(Bankr. D. Del. Case Nos. 17-10229, 17-10230, and 17-10231) on Feb.
2, 2017.  The petitions were signed by Judd P. Tirnauer, executive
vice president and chief financial officer.  The Debtor is
represented by Robert S. Brady, Esq.,  Michael R. Nestor, Esq.,
Jaime Luton Chapman, Esq., and Andrew l. Magaziner, Esq., at Young
Conaway Stargatt & Taylor, LLP.  The case is assigned to Judge
Christopher S. Sontchi.  The Debtor engaged Donlin, Recano &
Comapany, Inc. as its claims & noticing agent.  The Debtor
estimated assets at $10 million to $50 million and liabilities at
$50 million to $100 million at the time of the filing.


TRANSMAR COMMODITY: Taps Klestadt Winters as Conflicts Counsel
--------------------------------------------------------------
Transmar Commodity Group Ltd. seeks permission from the U.S.
Bankruptcy Court for the Southern District of New York to employ
Klestadt Winters Jureller Southard & Stevens, LLP as local
bankruptcy and conflicts counsel to the Debtor, nunc pro tunc to
December 31, 2016.

Klestadt Winters, as the Debtor's local bankruptcy and conflicts
counsel, will:

     (a) handle matters that the Debtor may encounter which relate
to the local customs and procedures of the Court;

     (b) handle other discrete matters in instances where Riker
Danzig may have a potential or actual conflict of interest;  

     (c) handle other discrete matters assigned to KWJS&S; and

     (d) finalize and file pleadings with the Court.

Both Riker Danzig and Klestadt Winters will coordinate closely to
ensure that the legal services provided to the Debtor by each firm
are not duplicative and meet the scope of services for which each
firm is retained to provide.

As local bankruptcy and conflicts counsel, Klestadt Winters will
report to Riker Danzig, and Klestadt Winters's role will be limited
as set forth. In the case of Riker Danzig having a potential or
actual conflict of interest, Klestadt Winters will report to the
Debtor's Chief Restructuring Officer.

Tracy L. Klestadt, a partner at the firm of Klestadt Winters
Jureller Southard & Stevens, LLP, attests that Klestadt Winters is
"disinterested", as that term is defined in section 101(14), as
modified by section 1107(b), of the Bankruptcy Code.  

Compensation will be payable to Klestadt Winters's office on an
hourly basis, plus reimbursement of actual, necessary expenses
incurred. As of January 1, 2017, the firm has a current standard
rate of $695 per hour; other partners of the firm bill from $495 to
$595 per hour; associates bill from $275 to $395 per hour; and the
firm's paralegals bill at $150 per hour.

The Firm can be reached through:

     Tracy L. Klestadt, Esq.
     Joseph C. Corneau, Esq.
     Christopher J. Reilly, Esq.
     KLESTADT WINTERS JURELLER SOUTHARD & STEVENS, LLP
     200 West 41st Street, 17th Floor
     New York, NY 10036
     Telephone: (212) 972-3000
     Facsimile: (212) 972-2245

                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 has 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 has hired DeLoitte Transactions and Business Analytics
LLP as its restructuring advisor; and Donlin, Recano & Company,
Inc. as its claims & noticing agent.


TROCOM CONSTRUCTION: Sale of Equipment to MFM for $43K Approved
---------------------------------------------------------------
Judge Nancy Hershey of the U.S. Bankruptcy Court for the Eastern
District of New York authorized Trocom Construction Corp.'s private
sale of its right, title and interest in and to a piece of
equipment known as a Caterpillar 1997 Track Excavator 345 Model BL,
VIN 4SS00646, 24' Triple Grouser Pads, 12' Dipper, 34' Bucket with
Teeth, to MFM Contracting Corp. for $43,000.

The hearing on the Motion was held on Jan. 26, 2017.

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

                  About Trocom Construction

Trocom Construction Corp. was formed in 1969 by Salvatore Trovato.
The Company is in the heavy construction business. Its primary
customer is the City of New York through its various agencies. The
Company has 75 employees, the majority of whom are members of
various unions. Joseph Trovato is presently the president and
holder of 100% of the voting shares of Trocom.

Trocom filed a Chapter 11 petition (Bankr. E.D.N.Y. Case No.
15-42145) on May 7, 2015, in Brooklyn, New York. The petition was
signed by Joseph Trovato. Judge Nancy Hershey Lord presides over
the case. The Debtor is represented by C. Nathan Dee, Esq., at
Cullen & Dykman, LLP.

The Debtor disclosed total assets of $32,462,383 and total
liabilities of $17,184,837 as of the Chapter 11 filing.

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


TS EMPLOYMENT: Trustee Taps Jenner & Block as Special Counsel
-------------------------------------------------------------
James S. Feltman, chapter 11 trustee of both TS Employment, Inc.
and Corporate Resource Services, Inc., seeks approval from the
United States Bankruptcy Court for the Southern District of New
York to retain Jenner & Block LLP as special litigation counsel.

The Chapter 11 Trustee and Jenner have agreed that Jenner will
advise and represent the Trustee in connection with, and the scope
of Jenner's engagement and duties shall relate solely to, the
investigation, evaluation and prosecution of claims against the
Debtors' insiders, affiliates, lenders, and professionals, and such
additional persons as may be identified during the course of
Jenner's investigation. The scope of Jenner's representation will
not duplicate the efforts of the Trustee's general chapter 11
counsel, TSS (or any other counsel that has been retained by the
Trustee in these cases).

The ranges of ordinary and customary hourly rates in effect as of
January 1, 2017 for other Jenner professionals are:

     Partners                      $770 to $1250
     Counsel                       $625 to $750
     Associates                    $445 to $795
     Staff Attorneys               $380 to $480
     Discovery Attorneys           $175
     Electronic Litigation Support $365
     Paralegals                    $305 to $365
     Project Assistants            $205 to $215

Vincent E. Lazar, a partner of Jenner & Block LLP, attests that
Jenner is a "disinterested person," as defined in section 101(14)
of the Bankruptcy Code, does not hold or represent an interest
adverse to the Debtors' chapter 11 cases, and Jenner's attorneys do
not hold or represent any interest adverse to the Debtors' chapter
11 cases or their estates.

Consistent with the United States Trustee's Appendix B - Guidelines
for Reviewing Applications for Compensation and Reimbursement of
Expenses Filed Under 11 U.S.C. Sec. 330 by Attorneys in Larger
Chapter 11 Cases, which became effective on November 1, 2013, Mr.
Lazar states that:

     a. Jenner has agreed that it shall not be paid more than
$750,000 for its work during the claim investigation and evaluation
stage of the representation. Further, Jenner has agreed to a
contingency fee arrangement for work done in connection with the
prosecution of any claims.

     b. For purposes of additional disclosure, Jenner has not
previously represented the Trustee in these cases, including during
the twelve months preceding the Debtors' petition dates, nor has
Jenner represented the Trustee in any other case during the twelve
months preceding the Debtors' petition dates. However, Jenner has
represented him in his capacity as chapter 11 or 7 trustee in other
cases in the past.

     c. The Trustee has approved Jenner's budget and staffing plan,
which is reflected in the $750,000 investigation payment cap and
the contingency fee arrangement for the prosecution of claims
determined and agreed that they should be prosecuted by Jenner. Mr.
Lazar believes that the investigation fee payment cap and
contingency fee arrangement obviate the need for a more detailed
budget that would be appropriate in other cases billed on an hourly
basis.

The Firm can be reached through:

     Richard Levin
     Carl N. Wedoff
     JENNER & BLOCK LLP
     919 Third Avenue
     New York, NY 10022
     Tel: (212) 891-1600

                         About TS Employment Inc.

Based in New York, TS Employment Inc. is a professional employer
organization that provides payroll-related services.  Its only
customer is publicly held Corporate Resource Services, Inc., a
diversified technology, staffing, recruiting, and consulting
services firm.  TS processes payroll of up to 30,000 employees.

TS Employment sought Chapter 11 for protection (Bankr. S.D.N.Y.
Case No. 15-10243) in Manhattan on Feb. 2, 2015.  Judge Martin
Glenn is assigned to the case.

The Debtor estimated at least $100 million in assets and debt.

The Debtor tapped Scott S. Markowitz, Esq., at Tarter Krinsky &
Drogin LLP, in New York, as counsel.  Realization Services Inc.
serves as the Debtor's consultant.

James S. Feltman serves as Chapter 11 trustee.  The Chapter 11
Trustee retains Friedman LLP as special accountant and Mesirow
Financial Consulting, LLC, as accountant to provide accounting,
forensic, and investigatory services.


TTC REAL ESTATE: Taps Madden Law Office as Legal Counsel
--------------------------------------------------------
TTC Real Estate Holdings, LLC seeks approval from the U.S.
Bankruptcy Court for the Southern District of Texas to hire legal
counsel in connection with its Chapter 11 case.

The Debtor proposes to hire The Law Offices of Kevin Michael
Madden, PLLC to assist in negotiating a restructuring of its
secured loan obligations, negotiate with creditors, prepare a
bankruptcy plan, and provide other legal services.

The firm will receive $275 per hour for its attorneys and $100 per
hour for its legal assistants.  Kevin Madden, Esq., will be
designated as attorney-in-charge.

Mr. Madden disclosed in a court filing that his firm does not
represent any interest adverse to the Debtor's bankruptcy estate.

The firm can be reached through:

     Kevin M. Madden, Esq.
     The Law Offices of Kevin Michael Madden, PLLC
     5225 Katy Freeway, Suite 520
     Houston, TX 77007
     Phone: 281-888-9681
     Fax: 832-538-0937
     Email: kmm@kmaddenlaw.com

                About TTC Real Estate Holdings

TTC Real Estate Holdings, LLC is a single-asset entity with its
office and principal place of business located in Houston, Texas.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D. Texas Case No. 17-30111) on January 3, 2017.  The
petition was signed by Moses Musallam, manager.  The case is
assigned to Judge David R. Jones.

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


UNITED ROAD: Feb. 16 Meeting Set to Form Creditors' Panel
---------------------------------------------------------
Andy Vara, United States Trustee for Region 3, will hold an
organizational meeting on Feb. 16, 2017, at 10:00 a.m. in the
bankruptcy case of United Road Towing, Inc.

The meeting will be held at:

               Office of the US Trustee
               844 King Street, Room 3209
               Wilmington, DE 19801

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

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

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

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

                About United Road Towing

Headquartered in Mokena, Illinois, United Road Towing, Inc. -- dba
Good Buy Auto Auction, UR Vehicle Management Solutions, Quality
Towing, United Road Vehicle Management Solutions, and dba United
Road Towing-San Antonio -- and its affiliates 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 U.S.

United Road Towing, Inc., filed for Chapter 11 bankruptcy
protection (Bankr. D. Del. Case No. 17-10249) on Feb. 6, 2017.  

These affiliates filed separate Chapter 11 bankruptcy petitions on
the same day: URT Holdings, Inc. (Bankr. D. Del. Case No.
17-10250), City Towing, Inc. (Bankr. D. Del. Case No. 17-10251),
URS West, Inc. (Bankr. D. Del. Case No. 17-10252), Bill & Wag's,
Inc. (Bankr. D. Del. Case No. 17-10253), Export Enterprises of
Massachusetts, Inc. (Bankr. D. Del. Case No. 17-10254), Pat's
Towing, Inc. (Bankr. D. Del. Case No. 17-10255), Keystone Towing,
Inc. (Bankr. D. Del. Case No. 17-10256), Ross Baker Towing, Inc.
(Bankr. D. Del. Case No. 17-10257), URT Texas, Inc. (Bankr. D. Del.
Case No. 17-10258), Mart Caudle Corporation (Bankr. D. Del. Case
No. 17-10259), Signature Towing, Inc. (Bankr. D. Del. Case No.
17-10260), WHW Transport, Inc. (Bankr. D. Del. Case No. 17-10261),
URS Southeast, Inc. (Bankr. D. Del. Case No. 17-10262), URS
Northeast, Inc. (Bankr. D. Del. Case No. 17-10263), URS Southwest,
Inc. (Bankr. D. Del. Case No. 17-10264), Fast Towing, Inc. (Bankr.
D. Del. Case No. 17-10265), E&R Towing and Garage, Inc. (Bankr. D.
Del. Case No. 17-10266), Sunrise Towing, Inc. (Bankr. D. Del. Case
No. 17-10267), Ken Lehman Enterprises, Inc. (Bankr. D. Del. Case
No. 17-10268), United Road Towing of South Florida, Inc. (Bankr. D.
Del. Case No. 17-10269), Rapid Recovery Incorporated (Bankr. D.
Del. Case No. 17-10270), United Road Towing Services, Inc. (Bankr.
D. Del. Case No. 17-10271), Arri Brothers, Inc. (Bankr. D. Del.
Case No. 17-10272), Rancho Del Oro Companies, Inc. (Bankr. D. Del.
Case No. 17-10273), CSCBD, Inc. (Bankr. D. Del. Case No. 17-10274),
UR VMS, LLC (Bankr. D. Del. Case No. 17-10275), URS Leasing, Inc.
(Bankr. D. Del. Case No. 17-10276), and UR Vehicle Management
Solutions, Inc. (Bankr. D. Del. Case No. 17-10277).

The petitions were signed by Michael Mahar, chief financial
officer.

Judge Laurie Selber Silverstein presides over the case.

Daniel J. McGuire, Esq., Grace D. D'Arcy, Esq., and Carrie V.
Hardman, Esq., at Winston & Strawn LLP serve as Debtors' general
counsel.

M. Blake Cleary, Esq., Ryan M. Bartley, Esq., and Andrew Magaziner,
Esq., at Young Conaway Stargatt & Taylor, LLP, serve as the
Debtors' Delaware counsel.

Getzler Henrich & Associates LLC is the Debtors' financial
advisor.

SSG Advisors LLC is the Debtors' investment banker.

Rust Consulting/Omni Bankruptcy is the Debtors' noticing, claims
and balloting agent.

The Debtors estimated assets of between $10 million and $50 million
and debts of between $50 million and $100 million.


UNITED ROAD: Seeks Approval of $32.3-Mil. DIP Loan
--------------------------------------------------
United Road Towing, Inc. and its affiliated debtors ask the U.S.
Bankruptcy Court for the District of Delaware for authorization to
obtain postpetition financing from Wells Fargo Bank, National
Association, as DIP Agent, and the DIP Lenders.

The Debtors have the following indebtedness:

   (a) First Lien Debt:  The Debtors' first lien secured
indebtedness consists of the $32.25 million Prepetition ABL Credit
Agreement between the Debtors, the Prepetition ABL Agent, and the
Lenders party thereto.  The obligations under the Prepetition ABL
Credit Agreement are secured by a first lien on substantially all
of the Debtors' assets.  An approximately $4.9 million letter of
credit issued under the Prepetition ABL Credit Agreement is subject
to the Medley Participation Agreement, whereby Medley Capital
Corporation, the Prepetition Term Agent and lender under the
Prepetition Term Credit Agreement, and a significant equity holder
of the Debtors, has agreed to purchase the loans that fund any draw
on account of such specified letter of credit.  As of the Petition
Date, approximately $13.8 million in revolving loans are
outstanding under the Prepetition ABL Credit Agreement and
approximately $6.1 million in face amount of letters of credit have
been issued and remain undrawn.

   (b) Second Lien Debt: The Debtors' secured indebtedness also
includes the Prepetition Term Credit Agreement, which is a $17
million second-lien credit facility by and among the Debtors that
comprised the Borrowers and Guarantors, the Prepetition Term Agent,
and the lenders party thereto.  The obligations under the
Prepetition Term Credit Agreement are secured by the same assets as
the Prepetition ABL Credit Agreement.  As of the Petition Date,
approximately $19.365 million in obligations are outstanding under
the Prepetition Term Credit Agreement.

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

     (1) Borrower: United Road Towing, Inc.

     (2) Guarantors: All other Debtors

     (3) DIP Facilities: a $35.25 million senior secured,
superpriority debtor-in-possession revolving credit loan facility,
subject only to the Carve Out, and the Permitted Prior Liens.

     (4) Use of Proceeds: The advances under the DIP Facility may
be used solely for:

          (a) to pay fees, costs, and expenses as provided in the
respective DIP Financing Agreements, including amounts incurred in
connection with the preparation, negotiation, execution, and
delivery of the DIP Credit Agreement, the other DIP Financing
Agreements, and the Interim Order;
  
          (b) for general operating and working capital purposes,
for the payment of transaction expenses, for the payment of fees,
expenses, and costs incurred in connection with the Chapter 11
Cases, and other proper and lawful corporate purposes of the
Debtors not otherwise prohibited by the terms of the Interim Order
or under the DIP Credit Agreement and/or the other DIP Financing
Agreements;

          (c) for making payments in respect of Adequate Protection
and other payments as provided in the Interim Order;

          (d) to fund the Prepetition ABL Indemnity Account;

          (e) upon entry of a Final Order, for the payment of the
Final Roll-Up; and

          (f) to fund the Carve Out Account.

     (5) Interest Rate: All Obligations, except Letter of Credit
Fee, will have a per annum rate equal to LIBOR Rate + 2.5%.  The
Letter of Credit Fee is 2.5% per annum times the face amount of all
issued and undrawn Letters of Credit, plus certain additional
fees.

     (6) Default Rate:  All Obligations, except Letter of Credit
Fee, will have a per annum rate equal to 2% in excess of the per
annum rate otherwise applicable to such obligations.  The Letter of
Credit Fee is subject to 2% per annum in excess of the Letter of
Credit Fee otherwise applicable.

     (7) DIP Collateral: Consists of all assets and interests in
assets and their proceeds currently owned or later acquired by the
Loan Parties in or upon which a Lien is granted by such Party in
favor of the Agent or Lenders under any of the Loan Documents.

     (8) Liens and Priorities of DIP Obligations:  The DIP Agent is
granted the DIP Liens for the ratable benefit of the DIP Lenders,
which DIP Liens constitute priming, first priority, continuing,
valid, binding, enforceable, non-avoidable, and automatically
perfected post-petition security interests and Liens senior and
superior in priority to all other secured and unsecured creditors
of the Debtors' estates, that are senior and superior in priority
to all other secured and unsecured creditors of the Debtors'
estates, subject to the Permitted Prior Liens and the Carve Out.

     (9) Carve-Out: Consists of:

          (a) the statutory fess and interest payable to the Office
of the U.S. Trustee and the fees required to be paid to the Clerk
of the Bankruptcy Court;

          (b) all accrued and unpaid fees, disbursements, costs and
expenses incurred by professionals retained by the Debtors or a
Committee through the date of service by the DIP Agent of a Carve
Out Trigger Notice; and

          (c) all accrued and unpaid fees, disbursements, costs and
expenses incurred by the Case Professionals from and after the date
of service of a Carve Out Trigger Notice in an aggregate amount not
to exceed $75,000.

     (10) Adequate Protection to Prepetition Secured Parties:

          (a) Adequate Protection Liens: The Prepetition ABL Agent,
for the benefit of the Prepetition ABL Lenders, will have valid,
perfected, and enforceable additional and replacement security
interests and Liens in the Prepetition Collateral and the DIP
Collateral, which will be junior only to the Carve Out, the DIP
Liens securing the DIP Obligations, and Permitted Prior Liens.  The
Prepetition Term Agent, for the benefit of the Prepetition Term
Lenders, will have valid, perfected, and enforceable additional and
replacement security interests and Liens in the Prepetition
Collateral and the DIP Collateral, which will be junior only to the
Carve Out, the DIP Liens securing the DIP Obligations, the ABL
Adequate Protection Liens, the Prepetition ABL Liens, and Permitted
Prior Liens.

          (b) The Prepetition ABL Agent, for the benefit of the
Prepetition ABL Lenders, will have an allowed superpriority
administrative expense claim, which will have priority in the
Chapter 11 cases and over all administrative expense claims and
unsecured claims against the Debtors and their estates.  The
Prepetition Term Agent, for the benefit of the Prepetition Term
Lenders, will also have an allowed superpriority administrative
expense claim.  The Adequate Protection Superpriority Claims will
have priority except with respect to the Carve Out, the DIP
Superpriority Claim, and the ABL Adequate Protection Superpriority
Claim.

          (c) Adequate Protection Payments: Until the repayment in
full of the obligations under the Prepetition ABL Credit Agreement,
on the last business day of each month, the Prepetition ABL Agent
will receive, for the ratable benefit of the Prepetition  ABL
Lenders, payment of all accrued and unpaid interest at the default
rate set forth in the Prepetition ABL Credit Agreement.

          (d) Adequate Protection With Respect to Sales: The
comprehensive sale process to be implemented under section 363 of
the Bankruptcy Code as contemplated by the Sale Motion, including
the timeline and milestones contained therein, will not be
materially modified without the prior written consent of the
Prepetition ABL Agent and the DIP Agent, failing which there will
occur an Event of Default under the DIP Credit Agreement and the
Court's Interim Order.

     (11) DIP Maturity Date: The earliest of:

          (a) April 28, 2017;

          (b) the closing of a Sale of all or substantially all of
the working capital assets of the Debtors pursuant to the
provisions of section 363 of the Bankruptcy Code; or

          (c) the effective date of any chapter 11 plan of
reorganization/liquidation for the Debtors.

The DIP Credit Agreement contains the following sale and
case-related milestones:

          (i) Within five days after the Petition Date, the
Borrower will file a motion requesting, among other things,
approval of a comprehensive sale process under Section 363 of the
Bankruptcy Code to sell all of the Loan Parties' businesses and
assets, which Sale Motion will include a motion seeking authority
to establish bidding procedures for the proposed Sale Process on
terms reasonably acceptable to the Agent.  

         (ii) No later than five days after the Petition Date, the
Borrower will forward bid packages to any potential bidders to whom
bid packages had not already been delivered prior to the Petition
Date, including, without limitation, to potential bidders
identified by the Agent, provided such potential bidders have
entered into confidentiality agreements reasonably acceptable to
the Borrower, with the deadline for submitting binding bids with
respect to the sale of the Borrower's assets on or before March 29,
2017.

        (iii) No later than February 22, 2017, the Loan Parties
will have entered into a definitive agreement with a stalking horse
purchaser providing for the sale and purchase of all or
substantially all of the Loan Parties' assets and/or businesses,
with the designation of stalking horse purchaser, and the terms and
provisions of any such definitive agreement being subject to the
reasonable satisfaction of Agent and Lenders.

         (iv) One or more binding bids for some or all of the
assets of the Loan Parties upon terms and conditions acceptable to
the Agent in its reasonable discretion will have been received by
no later than March 22, 2017.  Without limiting the discretion of
the Agent in determining the acceptability of such a bid or bids,
in no event will any bid which contains a financing contingency be
reasonably acceptable.

          (v) The Loan Parties will deliver to the Agent copies of
all formal proposals, letters of interest, letters of intent, bids,
agreements and any final proposed definitive documentation for any
sale of any or all its assets or any other investment pursuant to
which additional capital is to be received by the Loan Parties,
upon the receipt of the said documents.

         (vi) On or before March 27, 2017, an auction among all
qualified bidders shall be conducted with the highest and best bid
or combination of bids being selected, in consultation with the
Agent.

        (vii) No later than March 30, 2017, the Bankruptcy Court
will have conducted a sale hearing with respect to such sale;

       (viii) The Borrower will have obtained an order of the
Bankruptcy Court approving the Sale Motion on or before April 3,
2017;

         (ix) The Borrower will consummate the 363 Sale on or
before the first Business Day that is at least 15 days after entry
of the order approving the 363 Sale; and

          (x) On or before the date that is 60 days following the
Petition Date, the Loan Parties will have filed a motion under
Section 365 of the Bankruptcy Code requesting extension of the date
on which the Loan Parties must assume or reject leases to 210 days
after the entry of the order for relief, with an order so extending
that deadline to be have been entered by the Bankruptcy Court
within 90 days after the Petition Date.  The Loan Parties may not,
without the prior written consent of the Agent, assume, assume and
assign, or reject leases.

The DIP Credit Agreement also provides for the following DIP
Facility-related milestones:

     (1) obtain entry of the Interim Borrowing Order on or before
the date that is 3 business days following the Petition Date.

     (2) Obtain entry of the Final Borrowing Order on or before the
date that is 30 days after the entry of the Interim Borrowing
Order.

The Debtors believe that the DIP Facility is the best financing
available under the circumstances and will enable the Debtors
adequate liquidity to conduct the Chapter 11 Cases through the
completion of their section 363 sale process.  The Debtors submit
that they have satisfied the requirements to obtain postpetition
financing on a superpriority, secured basis.  

The Debtors tell the Court that the Prepetition Agents have
consented to the use of cash collateral and to the priming of their
liens by the DIP Liens in accordance with the terms of the DIP
Facility and the Interim Order, and are adequately protected
against any diminution in value of the Prepetition Collateral.

A full-text copy of the Debtors' Motion, dated Feb. 6, 2017, is
available at
http://bankrupt.com/misc/UnitedRoadTowing2017_1710249_12.pdf

Wells Fargo Bank, National Association can be reached at:

          WELLS FARGO BANK, NATIONAL ASSOCIATION
          Attn: Portfolio Manager
          10 S. Wacker Drive, 13th Floor
          MAC N8405-131
          Chicago, IL 60606

Wells Fargo Bank, National Association is represented by:

          Kevin M. Murtagh, Esq.
          REIMER & BRAUNSTEIN LLP
          Three Center Plaza
          Boston, MA 02108

                - and -

          Steven E. Fox, Esq.
          REIMER & BRAUNSTEIN LLP
          Times Square Tower
          Seven Times Square, Suite 2506
          New York, NY 10036         
         
               About United Road Towing, Inc.

Headquartered in Mokena, Illinois, United Road Towing, Inc. -- dba
Good Buy Auto Auction, UR Vehicle Management Solutions, Quality
Towing, United Road Vehicle Management Solutions, and dba United
Road Towing-San Antonio -- and its affiliates 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 U.S.

United Road Towing, Inc., filed for Chapter 11 bankruptcy
protection (Bankr. D. Del. Case No. 17-10249) on Feb. 6, 2017.  

These affiliates filed separate Chapter 11 bankruptcy petitions on
the same day: URT Holdings, Inc. (Bankr. D. Del. Case No.
17-10250), City Towing, Inc. (Bankr. D. Del. Case No. 17-10251),
URS West, Inc. (Bankr. D. Del. Case No. 17-10252), Bill & Wag's,
Inc. (Bankr. D. Del. Case No. 17-10253), Export Enterprises of
Massachusetts, Inc. (Bankr. D. Del. Case No. 17-10254), Pat's
Towing, Inc. (Bankr. D. Del. Case No. 17-10255), Keystone Towing,
Inc. (Bankr. D. Del. Case No. 17-10256), Ross Baker Towing, Inc.
(Bankr. D. Del. Case No. 17-10257), URT Texas, Inc. (Bankr. D. Del.
Case No. 17-10258), Mart Caudle Corporation (Bankr. D. Del. Case
No. 17-10259), Signature Towing, Inc. (Bankr. D. Del. Case No.
17-10260), WHW Transport, Inc. (Bankr. D. Del. Case No. 17-10261),
URS Southeast, Inc. (Bankr. D. Del. Case No. 17-10262), URS
Northeast, Inc. (Bankr. D. Del. Case No. 17-10263), URS Southwest,
Inc. (Bankr. D. Del. Case No. 17-10264), Fast Towing, Inc. (Bankr.
D. Del. Case No. 17-10265), E&R Towing and Garage, Inc. (Bankr. D.
Del. Case No. 17-10266), Sunrise Towing, Inc. (Bankr. D. Del. Case
No. 17-10267), Ken Lehman Enterprises, Inc. (Bankr. D. Del. Case
No. 17-10268), United Road Towing of South Florida, Inc. (Bankr. D.
Del. Case No. 17-10269), Rapid Recovery Incorporated (Bankr. D.
Del. Case No. 17-10270), United Road Towing Services, Inc. (Bankr.
D. Del. Case No. 17-10271), Arri Brothers, Inc. (Bankr. D. Del.
Case No. 17-10272), Rancho Del Oro Companies, Inc. (Bankr. D. Del.
Case No. 17-10273), CSCBD, Inc. (Bankr. D. Del. Case No. 17-10274),
UR VMS, LLC (Bankr. D. Del. Case No. 17-10275), URS Leasing, Inc.
(Bankr. D. Del. Case No. 17-10276), and UR Vehicle Management
Solutions, Inc. (Bankr. D. Del. Case No. 17-10277).

The petitions were signed by Michael Mahar, chief financial
officer.

Judge Laurie Selber Silverstein presides over the case.

Daniel J. McGuire, Esq., Grace D. D'Arcy, Esq., and Carrie V.
Hardman, Esq., at Winston & Strawn LLP serve as Debtors' general
counsel.

M. Blake Cleary, Esq., Ryan M. Bartley, Esq., and Andrew Magaziner,
Esq., at Young Conaway Stargatt & Taylor, LLP, serve as the
Debtors' Delaware counsel.

Getzler Henrich & Associates LLC is the Debtors' financial
advisor.

SSG Advisors LLC is the Debtors' investment banker.

Rust Consulting/Omni Bankruptcy is the Debtors' noticing, claims
and balloting agent.

The Debtors estimated assets of between $10 million and $50 million
and debts of between $50 million and $100 million.


VANGUARD NATURAL: Seeks to Hire Paul Hastings as Legal Counsel
--------------------------------------------------------------
Vanguard Natural Resources, LLC and its affiliates seek approval
from the U.S. Bankruptcy Court for the Southern District of Texas
to hire legal counsel.

The Debtors propose to hire Paul Hastings LLP to give legal advice
regarding their duties under the Bankruptcy Code, assist in the
negotiation of financing agreements, prepare a bankruptcy plan,
assist in any potential asset sale, and provide other legal
services.

The hourly rates charged by the firm are:

     Partners             $950 - $1375
     Of Counsel           $900 - $1350
     Associates            $495 - $925
     Paraprofessionals     $140 - $515

Chris Dickerson, Esq., a partner at Paul Hastings, disclosed in a
court filing that his firm is a "disinterested person" as defined
in section 101(14) of the Bankruptcy Code.

In accordance with Appendix B-Guidelines for reviewing fee
applications filed by attorneys in larger Chapter 11 cases, Mr.
Dickerson disclosed that the firm has agreed to reduce the rates of
two timekeepers to address issues specific to the Debtors'
bankruptcy cases.  None of Paul Hastings professionals, however,
varied their rates based on the geographic location of the cases,
he said.

Mr. Dickerson also said that the Debtors and the firm expect to
develop a prospective budget and staffing plan for the period
February 1 to April 30, 2017.

The firm can be reached through:

     Chris Dickerson, Esq.
     Paul Hastings LLP
     600 Travis Street, 58th Floor
     Houston, TX 77002
     Phone: +1 713 860 7300
     Fax: +1 713 353 3100

                     About Vanguard Natural

Vanguard Natural Resources, LLC -- http://www.vnrllc.com/-- is a
publicly traded limited liability company focused on the
acquisition, production and development of oil and natural gas
properties.  

Vanguard's assets consist primarily of producing and non-producing
oil and natural gas reserves located in the Green River Basin in
Wyoming, the Permian Basin in West Texas and New Mexico, the Gulf
Coast Basin in Texas, Louisiana, Mississippi and Alabama, the
Anadarko Basin in Oklahoma and North Texas, the Piceance Basin in
Colorado, the Big Horn Basin in Wyoming and Montana, the Arkoma
Basin in Arkansas and Oklahoma, the Williston Basin in North Dakota
and Montana, the Wind River Basin in Wyoming, and the Powder River
Basin in Wyoming.

Each of Vanguard Natural Resources, LLC and 13 of its subsidiaries
filed a voluntary petition under Chapter 11 of the Bankruptcy Code
(Bankr. S.D. Tex. Lead Case No. 17-30560) on Feb. 1, 2017.  The
Chapter 11 cases are assigned to Judge Marvin Isgur.  The Debtors
listed total assets of $1.54 billion and total debts of $2.3
billion as of Feb. 1, 2017.

The Debtors hired Prime Clerk LLC as claims and noticing agent.


VANGUARD NATURAL: Taps Evercore Group as Investment Banker
----------------------------------------------------------
Vanguard Natural Resources, LLC and its affiliates seek approval
from the U.S. Bankruptcy Court for the Southern District of Texas
to hire an investment banker.

The Debtors propose to hire Evercore Group, LLC to provide these
services:

     (a) reviewing and analyzing the Debtors' business, operations

         and financial projections;

     (b) assisting the Debtors in a transaction, if they determine

         to undertake such a transaction;

     (c) providing financial advice in developing and implementing

         a restructuring, which would include:

         (i) assisting the Debtors in developing a restructuring
             plan or plan of reorganization;

        (ii) advising the Debtors on tactics and strategies for
             negotiating with various stakeholders regarding the
             plan;

       (iii) providing testimony in any proceedings that are
             pending before the bankruptcy court; and

        (iv) subject to court approval, providing the Debtors with

             other financial restructuring advice as they may deem

             appropriate.

     (d) If the Debtors pursue a financing, assist them in
         structuring and effecting a financing; identifying
         potential investors and contacting those investors; and
         working with the Debtors in negotiating with potential
         investors.

Evercore will be paid in cash under this fee structure:

     (a) A monthly fee of $150,000, payable on the first day of
         each month.  Fifty percent of the monthly fees actually
         paid will be credited (without duplication) against any
         restructuring fee, financing fee or sale fee.

     (b) A restructuring fee of $7.5 million payable upon the
         consummation of any restructuring;

     (c) A financing fee payable upon consummation of any
         financing and incremental to any other transaction fee,
         equal to these applicable percentages:

                                          As a Percentage of
         Financing                     Financing Gross Proceeds
         ---------                     ------------------------
         Indebtedness with proceeds               1.0%
         provided by current investors
         in the Debtors' debt or
         equity securities

         Indebtedness with proceeds               1.5%
         provided by investors who are
         not currently invested in the
         Debtors' debt or equity
         securities

         Equity or equity-linked                  3.0%
         securities/obligations

         Sale of company                          0.7%

         Sale of certain assets        1% on aggregate
                                       consideration up to and
                                       including $500 million

                                       0.75% on incremental
                                       aggregate consideration
                                       greater than $500 million
                                       and up to and including
                                       $1.5 billion

                                       • 0.5% on incremental
                                       aggregate consideration
                                       above $1.5 billion

Daniel Aronson, senior managing director of Evercore, disclosed in
a court filing that his firm is a "disinterested person" as defined
in section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Daniel M. Aronson
     Evercore Group, LLC
     2 Houston Center at 909 Fannin, Suite 1750
     Houston, TX 77010
     Tel: +1.713.403.2440

                     About Vanguard Natural

Vanguard Natural Resources, LLC -- http://www.vnrllc.com/-- is a
publicly traded limited liability company focused on the
acquisition, production and development of oil and natural gas
properties.  

Vanguard's assets consist primarily of producing and non-producing
oil and natural gas reserves located in the Green River Basin in
Wyoming, the Permian Basin in West Texas and New Mexico, the Gulf
Coast Basin in Texas, Louisiana, Mississippi and Alabama, the
Anadarko Basin in Oklahoma and North Texas, the Piceance Basin in
Colorado, the Big Horn Basin in Wyoming and Montana, the Arkoma
Basin in Arkansas and Oklahoma, the Williston Basin in North Dakota
and Montana, the Wind River Basin in Wyoming, and the Powder River
Basin in Wyoming.

Each of Vanguard Natural Resources, LLC and 13 of its subsidiaries
filed a voluntary petition under Chapter 11 of the Bankruptcy Code
(Bankr. S.D. Tex. Lead Case No. 17-30560) on Feb. 1, 2017.  The
Chapter 11 cases are assigned to Judge Marvin Isgur.  The Debtors
listed total assets of $1.54 billion and total debts of $2.3
billion as of Feb. 1, 2017.

The Debtors hired Prime Clerk LLC as claims and noticing agent.


VANGUARD NATURAL: Taps Opportune as Restructuring Advisor
---------------------------------------------------------
Vanguard Natural Resources, LLC and its affiliates seek approval
from the U.S. Bankruptcy Court for the Southern District of Texas
to hire a restructuring advisor.

The Debtors propose to hire Opportune LLP to provide these
services:

     (a) assist in the preparation of bankruptcy documents and
         financial-related disclosures;

     (b) assist in the preparation of financial information
         including cash flow forecasts and long-term business
         plans;

     (c) assist with respect to mortgages and lien perfections;

     (d) assist in the identification of executory contracts and
         leases and performance of cost/benefit evaluations with
         respect to the assumption or rejection of each;

     (e) analyze creditor claims by type, entity, and individual
         claim;

     (f) assist in the preparation of information and analysis
         necessary for the confirmation of a plan of
         reorganization;

     (g) assist in the analysis/preparation of information
         necessary to assess the tax implications related to the
         confirmation of a plan of reorganization;

     (h) provide litigation advisory services with respect to
         accounting and tax matters, along with expert witness
         testimony on case related issues;

     (i) ongoing support with respect to managing the day-to-day
         requirements of the bankruptcy process.

The hourly rates charged by the firm are:

     Partner               $835
     Managing Director     $715
     Director              $605
     Manager               $540
     Senior Consultant     $420
     Consultant            $335

David Baggett, managing partner of Opportune, disclosed in a court
filing that his firm is a "disinterested person" as defined in
section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     David Baggett
     Opportune LLP
     711 Louisiana St.
     Houston, TX 77002
     Phone: +1 713-490-5050

                     About Vanguard Natural

Vanguard Natural Resources, LLC -- http://www.vnrllc.com/-- is a
publicly traded limited liability company focused on the
acquisition, production and development of oil and natural gas
properties.  

Vanguard's assets consist primarily of producing and non-producing
oil and natural gas reserves located in the Green River Basin in
Wyoming, the Permian Basin in West Texas and New Mexico, the Gulf
Coast Basin in Texas, Louisiana, Mississippi and Alabama, the
Anadarko Basin in Oklahoma and North Texas, the Piceance Basin in
Colorado, the Big Horn Basin in Wyoming and Montana, the Arkoma
Basin in Arkansas and Oklahoma, the Williston Basin in North Dakota
and Montana, the Wind River Basin in Wyoming, and the Powder River
Basin in Wyoming.

Each of Vanguard Natural Resources, LLC and 13 of its subsidiaries
filed a voluntary petition under Chapter 11 of the Bankruptcy Code
(Bankr. S.D. Tex. Lead Case No. 17-30560) on Feb. 1, 2017.  The
Chapter 11 cases are assigned to Judge Marvin Isgur.  The Debtors
listed total assets of $1.54 billion and total debts of $2.3
billion as of Feb. 1, 2017.

The Debtors hired Prime Clerk LLC as claims and noticing agent.


VAPOR CORP: Christopher Santi Retains President and COO Positions
-----------------------------------------------------------------
Vapor Corp. entered into a new employment agreement with the
Company's President and Chief Operating Officer, Christopher Santi.


Pursuant to the Employment Agreement, Mr. Santi will continue to be
employed as the Company's president and chief operating officer for
a three-year term beginning Jan. 30, 2017, and, unless sooner
terminated as provided therein, ending Jan. 29, 2020; provided that
such term of employment will automatically extend for successive
one-year periods unless either party gives at least 30 days'
advance written notice of its intention not to extend the term of
employment.  Mr. Santi will receive a base salary of $225,000,
increasing to $250,000 and $275,000, respectively, for the second
and third years of the Employment Agreement.  Mr. Santi will be
eligible to earn an annual bonus at the discretion of the Company's
Board of Directors.

During the employment period, Mr. Santi's employment with the
Company may be terminated by the Company for Cause (as defined in
the Employment Agreement) or by Mr. Santi at any time and for any
reason.  In the event that Mr. Santi's employment is terminated by
the Company for any reason other than for Cause or following a
Change of Control (as defined in the Employment Agreement), then
the Company will pay to Mr. Santi (i) his accrued but unpaid salary
and (ii) severance payments for the applicable Severance Period (as
defined in the Employment Agreement).

The Employment Agreement also contains customary non-competition,
non-solicitation and confidentiality provisions.

"Mr. Santi does not have a family relationship with any of the
current officers or directors of the Company.  Other than the
Employment Agreement, there are no arrangements or understandings
between Mr. Santi and any other person pursuant to which Mr. Santi
was appointed to serve as the President and Chief Operating
Officer.  There is no currently proposed transaction, and there has
not been any transaction, involving the Company and Mr. Santi which
was a related person transaction within the meaning of Item 404(a)
of Regulation S-K," the Company stated in a Form 8-K report filed
with the Securities and Exchange Commission on Feb. 3, 2017.

                      About Vapor Corp

Vapor Corp. operates 20 vape stores in the Southeastern United
States and online where it sells vaporizers, liquids for vaporizers
and e-cigarettes.  The Company also designs, markets and
distributes electronic cigarettes, vaporizers, e-liquids and
accessories under the Vapor X, Hookah Stix, Vaporin, Krave, and
Honey Stick brands.  "Electronic cigarettes" or "e-cigarettes," and
"vaporizers" are battery-powered products that enable users to
inhale nicotine vapor without fire, smoke, tar, ash, or carbon
monoxide.  The Company also designs and develops private label
brands for its distribution customers.  Third party manufacturers
manufacture the Compoany's products to meet its design
specifications.  The Company markets its products as alternatives
to traditional tobacco cigarettes and cigars.  In 2014, as a
response to market product demand changes, Vapor began to shift its
primary focus from electronic cigarettes to vaporizers.

Vapor Corp reported a net loss allocable to common shareholders of
$36.26 million in 2015 following a net loss allocable to common
shareholders of $13.85 million in 2014.  As of Sept. 30, 2016,
Vapor Corp. had $20.76 million in total assets, $48.72 million in
total liabilities and a total stockholders' deficit of $27.95
million.
   
Marcum LLP, in New York, NY, issued a "going concern" qualification
on the consolidated financial statements for the year ended Dec.
31, 2015, citing that Company has incurred net losses and needs to
raise additional funds to meet its obligations and sustain its
operations.  In addition, the Company currently does not have
enough authorized common shares to settle all of its outstanding
warrants if those warrants were exercised pursuant to their
cashless exercise provisions.  As a result, the Company could be
required to settle a portion of these warrants with cash.  These
conditions, the auditors said, raise substantial doubt about the
Company's ability to continue as a going concern.


VIP CINEMA: Moody's Assigns B2 Corporate Family Rating
------------------------------------------------------
Moody's Investors Service assigned first time ratings to VIP Cinema
Holdings, Inc. (VIP), including a Corporate Family Rating (CFR) of
B2 and Probability of Default Rating of B2-PD. Concurrently,
Moody's assigned a B1 rating to the company's proposed senior
secured first-lien bank facility, comprising a $20 million
revolving credit facility and a $165 million term loan, and a Caa1
rating to its proposed senior secured second-lien term loan. The
ratings outlook is stable.

VIP, a manufacturer of premium seating for movie theater companies
(exhibitors) in North America, is raising $230 million of debt, the
primary portion of which is expected to fund a leveraged buyout of
the company by H.I.G. Capital (sponsor/owner).

Moody's took the following actions:

Assignments:

Issuer: VIP Cinema Holdings, Inc.

Corporate Family Rating, Assigned B2

Probability of Default Rating, Assigned B2-PD

Senior Secured First Lien Bank Credit Facility, Assigned B1 (LGD
3)

Senior Secured Second Lien Bank Credit Facility, Assigned Caa1
(LGD 6)

Outlook Actions:

Issuer: VIP Cinema Holdings, Inc.

Outlook, Assigned Stable

RATINGS RATIONALE

The B2 CFR reflects VIP's high margins relative to similarly rated
companies, its modest leverage in the mid 4x, pro-forma for the
transaction (all metrics on a Moody's adjusted basis), and Moody's
expectation that the company will sustain EBITA margins of 35%-40%
at a minimum over the next year, supported by favorable end market
dynamics and good revenue visibility at least through 2017. VIP
should benefit from a strategy of continuing movie theater upgrades
(including premium seating conversions) by major exhibitors such as
AMC Entertainment, Inc. (AMC) and Regal Entertainment Group (Regal)
as they seek to retain audiences amidst competitive threats.
Moody's believes the company's product acceptance and strong
alliance with AMC positions it well for growth as AMC expands to
become the largest exhibitor, following an aggressive M&A strategy.
These factors, as well as VIP's relatively flexible cost structure,
should drive a modest improvement in credit metrics over the next
12-18 months. The good liquidity profile lends support to the
rating.

At the same time, the rating is constrained by VIP's small size,
significant product and customer concentration, and a mature
exhibitor end-market that is susceptible to unpredictable box
office results and a secular decline in admissions/ticket sales,
amidst emerging competition from home cinema and on-demand content.
Additionally, VIP competes against other seating manufacturers that
have incumbent relationships with the major exhibitors. Although
products are usually customized in partnership with the exhibitors,
they can be substituted. As well, the company's top line growth is
heavily dependent on new (original) product sales tied to the movie
theater upgrades, which are anticipated to moderate over time as
the upgrades are completed, and Moody's believes the achievement of
meaningful replacement sales will likely take time given the
product's up to 7-year life cycle.

Moody's expects VIP to maintain a good liquidity profile over the
next year, with anticipated positive annual free cash flow of about
$20 million that is sufficient to cover about $7 million of annual
amortization, aided by modest capex requirements. Moody's also
expects the company to maintain ample availability and covenant
headroom under its proposed $20 million revolving credit facility
due 2022. The revolver is not expected to be drawn upon close of
the transaction.

The stable ratings outlook reflects Moody's expectation of
sustained high margins and a modest improvement in credit metrics,
supported by the increased potential for further premium seating
penetration as exhibitors continue investing in movie theater
upgrades. The stable outlook anticipates VIP will sustain a good
liquidity profile.

The B1 rating on the senior secured first lien debt, one notch
above the CFR, and the Caa1 rating on the senior secured second
lien debt, two notches below the CFR, reflect Moody's expectation
of their respective recoveries in the company's liability
structure.

Given the company's limited size and scale, Moody's does not
foresee an upgrade in the intermediate term and would expect credit
metrics that are stronger than levels typically associated with
companies at the same rating level. Nevertheless, positive ratings
traction could occur with a sustained and significant improvement
in revenues and a more diversified revenue mix, as well as
continued strength in the margin profile, resulting in strong free
cash flow generation with free cash flow to debt of at least 10% on
a sustained basis.

The ratings could be downgraded if annual revenues were to fall
below $100 million, debt-to-EBITDA were above 5x on a sustained
basis, and/or if EBITA-to-interest were to decline below 3x. A
deteriorating liquidity profile and/or negative free cash flow
could also drive downward ratings pressure, as could
shareholder-friendly actions that compromise creditor interests.

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

VIP Holdings, Inc., based in New Albany, Mississippi, is a
manufacturer of premium seating for movie theater companies in
North America, particularly the United States. Revenues are
anticipated to be approximately $112 million as of the fiscal year
ended December 31, 2016. The company is expected to be
majority-owned by H.I.G. Capital.


VKI VENTURES: Court Moves Plan Filing Deadline to May 1
-------------------------------------------------------
Judge Paul G. Hyman, Jr. of the U.S. Bankruptcy Court for the
Southern District of Florida extended the exclusive periods during
which only VKI Ventures, LLC and VKI Holdings, LLC may file a plan
of reorganization and disclosure statement and solicit acceptances
to its plan, through and including May 1, 2017 and June 30, 2017,
respectively.

The Troubled Company Reporter had earlier reported that the Debtors
asked for an additional 90-day extension of their exclusive periods
as they were still currently in negotiations with the secured
creditor, which would have a material effect on the creditors' plan
treatment.

                        About VKI Ventures LLC

VKI Ventures, LLC filed a Chapter 11 petition (Bankr. S.D. Fla.
Case No. 16-14898), on April 5, 2016.  The petition was signed by
Sriram Srinivasan, managing member.  The Debtor is represented by
Aaron A Wernick, Esq., at Furr & Cohen. The case is assigned to
Judge Paul G. Hyman, Jr.  The Debtor disclosed total assets at
$484,757 and total liabilities at $1.32 million.  The Debtor listed
Deutsche Bank National Trust Company as its largest unsecured
creditor holding a claim of $417,364.


WELLDYNERX LLC: Moody's Affirms B3 Rating on First Lien Bank Debt
-----------------------------------------------------------------
Moody's Investors Service affirmed the first lien bank debt ratings
of WellDyneRx, LLC, US Specialty Care, LLC, Clearview Procurement,
LLC and WellCard, LLC. WellDyneRx, LLC and co-borrowers replace WD
Wolverine Holdings, LLC as the new borrowing entity for WellDyneRx,
a privately held pharmacy benefit manager (PBM). Moody's is
withdrawing the Caa1 Corporate Family Rating (CFR) and Caa1-PD
Probability of Default ratings at WD Wolverine Holdings, LLC. At
the same time, Moody's is assigning a Caa1 CFR and Caa1-PD
Probability of Default Rating at the WellDyneRx, LLC and
co-borrowers entity. Moody's is withdrawing the rating on a
proposed second lien term loan as the company has revised its
planned capital structure and will no longer issue this debt. The
rating outlook is stable. Proceeds from this offering will be used
to partially finance Carlyle Group's acquisition of WellDyneRx from
WellDyne Holding Corporation.

Ratings affirmed:

WellDyneRx, LLC and co-borrowers (changed from WD Wolverine
Holdings, LLC):

First Lien Revolver at B3 (LGD 3)

First Lien Term Loan at B3 (LGD 3)

Ratings assigned:

WellDyneRx, LLC and co-borrowers:

Corporate Family Rating at Caa1

Probability of Default Rating at Caa1-PD

The rating outlook is stable

Ratings withdrawn:

WD Wolverine Holdings, LLC:

Corporate Family Rating at Caa1

Probability of Default Rating at Caa1-PD

Second Lien Term Loan at Caa3 (LGD 5)

Outlook withdrawn, previously stable

RATINGS RATIONALE

"Despite its revised capital structure, WellDyneRx's leverage will
remain very high, with pro-forma debt/EBITDA of roughly 6.7 times,"
said Diana Lee, a Senior Credit Officer at Moody's. The new capital
structure has about $80 million less debt and carries lower
interest expense than the original structure. However, this is not
sufficient to offset Moody's concerns regarding downward revisions
to earnings resulting from reporting errors related in part to a
new rebate aggregator and a new client. Moody's downgraded the
company's ratings on January 26, 2017 largely because of higher
business risk associated with these revised earnings.

WellDyneRx, LLC and co-borrowers' Caa1 CFR reflects the company's
very high leverage, its short history of marketing itself as a
full-service pharmacy benefit manager (PBM), and its small size
relative other PBM players. The market is dominated by three PBMs:
Express Scripts, CVS Health and OptumRx (part of health insurer
UnitedHealth Group). In the past, WellDyneRx was a niche player,
targeting small customers interested in its specialty and mail
order services. Since 2014, it has more than doubled the number of
members it covers by focusing on the full service PBM market. It
will face more competition, however, as it expands to mid-size
customers, who are also a target of the larger PBMs. Further,
margins will come down as the company seeks to attract larger
clients beyond its small customers that contracted for its legacy
businesses. Going forward, profitability will depend on earnings
associated with new clients. Free cash flow will benefit from lower
cash taxes, as well as working capital improvements associated with
a new vendor contract.

The stable rating outlook reflects Moody's belief that WellDyneRx
will remain very small and highly leveraged. The company will also
continue to face very high business risk as it seeks to grow its
customer base. The ratings could be upgraded if the company can
demonstrate a longer track record as a full-service PBM by gaining
new clients, and improve profits and free cash flow. Moody's would
also need to see debt/EBITDA sustained below 5.5 times before
considering an upgrade. The ratings could be downgraded if the
company's operating performance or liquidity weakens, or if it is
unable to reduce leverage.

Moody's believes that WellDyneRx's liquidity over the upcoming year
will be sufficient, aided by positive free cash flow. Although
there will be a springing net leverage covenant under its revolver,
its first lien term loan will not be subject to financial
covenants.

The principal methodology used in these ratings was that for the
Distribution & Supply Chain Services Industry published in December
2015.

WellDyneRx, is a privately owned independent PBM, headquartered in
Lakeland, Florida. The company operates three main business
segments -- a commercial/consumer PBM, a mail order and specialty
pharmacy, as well as a discount card business. Carlyle Group
expects to acquire WellDyneRx in the first quarter of 2017.


WET SEAL: Hilco Streambank to Sell Intellectual Property Assets
---------------------------------------------------------------
Hilco Streambank has been retained, subject to Court approval, to
market and sell the intellectual property assets of The Wet Seal,
LLC. ("Wet Seal").  Included in the sale are trademarks, domain
names, customer databases, and the e-commerce platform.  The assets
are being sold pursuant to Section 363 of the Bankruptcy Code in
Wet Seal's Chapter 11 case pending in the United States Bankruptcy
Court for the District of Delaware. The proposed bid deadline is
February 28, 2017 at 5:00 PM (ET).

The Wet Seal brand promises to be the first and last word for
casual and young contemporary apparel inspired by Southern
California effortlessly chic and laid back party culture.  At its
height, Wet Seal, operated over 500 stores in 48 states, building
tremendous brand awareness.  Recently, the chain has re-tooled to a
smaller 170 store footprint and leveraged its broad awareness
through its online store: www.wetseal.com.  The company has engaged
Hilco Streambank, a market-leading intellectual property advisory
firm to sell the brand and related IP assets including its ongoing
ecommerce platform.

"The Southern California style epitomized by Wet Seal's continues
to resonate with its strong customer base," said Hilco Streambank
EVP – David Peress.  "The Wet Seal ecommerce platform and IP
asset portfolio provides the opportunity to reach this customer
through multiple digital and store based channels," Mr. Peress
added.

Parties interested in learning more about the Wet Seal intellectual
property assets, the sale process and other bidding requirements
should contact Hilco Streambank directly using the contact
information provided below.

                     About Hilco Streambank

Hilco Streambank -- http://www.hilcostreambank.com-- is a market
leading advisory firm specializing in intellectual property
disposition and valuation.  Hilco Streambank has completed numerous
sell-side transactions including sales in publicly reported Chapter
11 bankruptcy cases, private transactions, and online sales through
HilcoDomains.com and IPv4Auctions.com, Hilco Streambank is part of
Northbrook, Illinois based Hilco Global --
http://www.hilcoglobal.com-- a worldwide financial services
company and leader in helping companies maximize the value of their
assets.

                       About The Wet Seal

The Wet Seal, LLC, and its affiliates are a national multi-channel
specialty retailer selling fashion apparel and accessory items
designed for female customers aged 18 to 24 years old.  They are
currently comprised of two primary units: the retail store business
and an e-commerce business.  Through their retail store business,
they operate approximately 142 retail locations in 37 states,
principally in lease-based mall locations.  They also have
historically sold gift cards, which business has been primarily
operated through The Wet Seal Gift Card, LLC.

The Wet Seal, LLC, also known as The Wet Seal (2015), LLC, sought
Chapter 11 protection (Bankr. D. Del. Case No. 17-10229) on Feb. 2,
2017.  The case is assigned to Judge Christopher S. Sontchi.

The Debtor tapped Robert S. Brady, Esq., Michael R. Nestor, Esq.,
Jaime Luton Chapman, Esq., Andrew L. Magaziner, Esq., of the Young
Conaway Stargatt & Taylor, LLP as counsel.

The Debtor estimated assets in the range of $10 million to $50
million and $50 million to $100 million in debt.

The petitions were signed by Judd P. Tirnauer, executive vice
president and chief financial officer.


WILKINSON FLOOR: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Willkinson Floor Covering, Inc.
        3125 S. 52nd St
        Temp, AZ 86282

Case No.: 17-01228

Chapter 11 Petition Date: February 9, 2017

Court: United States Bankruptcy Court
       District of Arizona (Phoenix)

Judge: Hon. Eddward P. Ballinger Jr.

Debtor's Counsel: Blake D Gunn, Esq.
                  LAW OFFICE OF BLAKE D. GUNN
                  PO Box 22146
                  Mesa, AZ 85277-2146
                  Tel: 480-270-5073
                  E-mail: blake.gunn@gunnbankruptcyfirm.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Stephen E. Wilkinson, president.

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

        http://bankrupt.com/misc/azb17-01228.pdf


[^] BOND PRICING: For the Week from February 6 to 10, 2017
----------------------------------------------------------
  Company                   Ticker  Coupon Bid Price   Maturity
  -------                   ------  ------ ---------   --------
A. M. Castle & Co           CASL      5.25     28.13 12/30/2019
A. M. Castle & Co           CASL      7.00     58.00 12/15/2017
Amyris Inc                  AMRS      6.50     55.00  5/15/2019
Avaya Inc                   AVYA     10.50     26.25   3/1/2021
Avaya Inc                   AVYA     10.50     25.00   3/1/2021
BPZ Resources Inc           BPZR      6.50      3.02   3/1/2015
BPZ Resources Inc           BPZR      6.50      3.02   3/1/2049
Buffalo Thunder
  Development Authority     BUFLO    11.00     38.00  12/9/2022
CEDC Finance Corp
  International Inc         CEDC     10.00     14.00  4/30/2018
Caesars Entertainment
  Operating Co Inc          CZR      12.75     74.75  4/15/2018
Caesars Entertainment
  Operating Co Inc          CZR       5.75     66.75  10/1/2017
California Baptist
  Foundation                CALBAP    7.90     18.20  5/15/2019
California Baptist
  Foundation                CALBAP    7.90     23.33  5/15/2020
Chassix Holdings Inc        CHASSX   10.00      8.00 12/15/2018
Chassix Holdings Inc        CHASSX   10.00      8.00 12/15/2018
Chukchansi Economic
  Development Authority     CHUKCH    9.75     42.50  5/30/2020
Chukchansi Economic
  Development Authority     CHUKCH    9.75     42.25  5/30/2020
Cinedigm Corp               CIDM      5.50     10.00  4/15/2035
Claire's Stores Inc         CLE       9.00     48.00  3/15/2019
Claire's Stores Inc         CLE       7.75     18.50   6/1/2020
Claire's Stores Inc         CLE       8.88     21.00  3/15/2019
Claire's Stores Inc         CLE      10.50     85.50   6/1/2017
Claire's Stores Inc         CLE       6.13     43.50  3/15/2020
Claire's Stores Inc         CLE       9.00     48.00  3/15/2019
Claire's Stores Inc         CLE       9.00     47.38  3/15/2019
Claire's Stores Inc         CLE       6.13     43.38  3/15/2020
Claire's Stores Inc         CLE       7.75     16.88   6/1/2020
Cobalt International
  Energy Inc                CIE       2.63     34.28  12/1/2019
Cumulus Media
  Holdings Inc              CMLS      7.75     42.00   5/1/2019
DFC Finance Corp            DLLR     10.50     50.00  6/15/2020
DFC Finance Corp            DLLR     10.50     50.00  6/15/2020
EXCO Resources Inc          XCO       7.50     49.88  9/15/2018
Emergent Capital Inc        EMGC      8.50     40.00  2/15/2019
Energy Conversion
  Devices Inc               ENER      3.00      7.88  6/15/2013
Energy Future
  Holdings Corp             TXU       6.50     13.75 11/15/2024
Energy Future
  Holdings Corp             TXU      11.25     10.75  11/1/2017
Energy Future
  Holdings Corp             TXU       6.55     14.00 11/15/2034
Energy Future
  Holdings Corp             TXU      10.88     10.75  11/1/2017
Energy Future
  Holdings Corp             TXU       9.75     29.25 10/15/2019
Energy Future
  Holdings Corp             TXU      10.88     10.75  11/1/2017
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc               TXU      10.00     23.63  12/1/2020
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc               TXU      10.00     24.05  12/1/2020
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc               TXU       9.75     30.00 10/15/2019
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc               TXU       6.88     23.25  8/15/2017
Erickson Inc                EAC       8.25     25.25   5/1/2020
Evergreen Solar Inc         ESLR      4.00      0.39  7/15/2013
FXCM Inc                    FXCM      2.25     31.00  6/15/2018
Fleetwood Enterprises Inc   FLTW     14.00      3.56 12/15/2011
GenOn Energy Inc            GENONE    7.88     82.29  6/15/2017
Goodman Networks Inc        GOODNT   12.13     42.25   7/1/2018
Gymboree Corp/The           GYMB      9.13     35.00  12/1/2018
Homer City Generation LP    HOMCTY    8.14     40.75  10/1/2019
Horsehead Holding Corp      ZINC     10.50     80.25   6/1/2017
Iracore International
  Holdings Inc              IRACOR    9.50     52.00   6/1/2018
Iracore International
  Holdings Inc              IRACOR    9.50     52.00   6/1/2018
IronGate Energy
  Services LLC              IRONGT   11.00     33.25   7/1/2018
IronGate Energy
  Services LLC              IRONGT   11.00     37.38   7/1/2018
IronGate Energy
  Services LLC              IRONGT   11.00     35.63   7/1/2018
IronGate Energy
  Services LLC              IRONGT   11.00     35.63   7/1/2018
Jack Cooper Holdings Corp   JKCOOP    9.25     40.25   6/1/2020
James River Coal Co         JRCC      7.88      1.41   4/1/2019
Koppers Inc                 KOP       7.88    101.50  12/1/2019
Las Vegas Monorail Co       LASVMC    5.50      0.83  7/15/2019
Lehman Brothers
  Holdings Inc              LEH       1.38      2.86  6/15/2009
Lehman Brothers
  Holdings Inc              LEH       1.25      2.86  3/22/2012
Lehman Brothers
  Holdings Inc              LEH       1.25      2.86   8/5/2012
Lehman Brothers
  Holdings Inc              LEH       1.60      2.86  11/5/2011
Lehman Brothers
  Holdings Inc              LEH       1.25      2.86   2/6/2014
Lehman Brothers
  Holdings Inc              LEH       5.00      2.86   2/7/2009
Lehman Brothers
  Holdings Inc              LEH       4.00      2.86  4/30/2009
Lehman Brothers
  Holdings Inc              LEH       2.00      2.86   3/3/2009
Lehman Brothers
  Holdings Inc              LEH       1.50      2.86  3/29/2013
Lehman Brothers
  Holdings Inc              LEH       2.07      2.86  6/15/2009
Lehman Brothers Inc         LEH       7.50      1.23   8/1/2026
Light Tower Rentals Inc     LHTTWR    8.13     43.00   8/1/2019
Light Tower Rentals Inc     LHTTWR    8.13     43.00   8/1/2019
Linn Energy LLC / Linn
  Energy Finance Corp       LINE      8.63     49.00  4/15/2020
Linn Energy LLC / Linn
  Energy Finance Corp       LINE      6.50     49.75  5/15/2019
Linn Energy LLC / Linn
  Energy Finance Corp       LINE      7.75     48.00   2/1/2021
MF Global Holdings Ltd      MF        3.38     30.50   8/1/2018
MModal Inc                  MODL     10.75     10.13  8/15/2020
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC          MPO      10.75      0.73  10/1/2020
Mirant Mid-Atlantic
  Series B Pass
  Through Trust             GENONE    9.13     88.00  6/30/2017
Modular Space Corp          MODSPA   10.25     58.25  1/31/2019
NRG REMA LLC                GENONE    9.24     85.00   7/2/2017
Nine West Holdings Inc      JNY       8.25     27.75  3/15/2019
Nine West Holdings Inc      JNY       6.88     24.25  3/15/2019
Nine West Holdings Inc      JNY       8.25     26.00  3/15/2019
Nuverra Environmental
  Solutions Inc             NESC      9.88     11.32  4/15/2018
OMX Timber Finance
  Investments II LLC        OMX       5.54      9.13  1/29/2020
Peabody Energy Corp         BTU       6.00     40.00 11/15/2018
Peabody Energy Corp         BTU       4.75      9.88 12/15/2041
Peabody Energy Corp         BTU       6.25     36.00 11/15/2021
Peabody Energy Corp         BTU       6.00     40.00 11/15/2018
Peabody Energy Corp         BTU       6.00     40.38 11/15/2018
Permian Holdings Inc        PRMIAN   10.50     30.00  1/15/2018
Permian Holdings Inc        PRMIAN   10.50     33.50  1/15/2018
Pernix Therapeutics
  Holdings Inc              PTX       4.25     25.00   4/1/2021
Pernix Therapeutics
  Holdings Inc              PTX       4.25     26.36   4/1/2021
Prospect Holding Co LLC /
  Prospect Holding
  Finance Co                PRSPCT   10.25     48.21  10/1/2018
Prospect Holding Co LLC /
  Prospect Holding
  Finance Co                PRSPCT   10.25     48.21  10/1/2018
Rolta LLC                   RLTAIN   10.75     22.63  5/16/2018
SAExploration Holdings Inc  SAEX     10.00     50.13  7/15/2019
Samson Investment Co        SAIVST    9.75      7.33  2/15/2020
Sequa Corp                  SQA       7.00     55.50 12/15/2017
Sequa Corp                  SQA       7.00     55.50 12/15/2017
Sidewinder Drilling Inc     SIDDRI    9.75      6.00 11/15/2019
Sidewinder Drilling Inc     SIDDRI    9.75      6.00 11/15/2019
Stone Energy Corp           SGY       1.75     71.75   3/1/2017
SunEdison Inc               SUNE      5.00     32.00   7/2/2018
SunEdison Inc               SUNE      2.75      2.00   1/1/2021
SunEdison Inc               SUNE      2.00      2.00  10/1/2018
SunEdison Inc               SUNE      3.38      2.75   6/1/2025
SunEdison Inc               SUNE      0.25      3.00  1/15/2020
SunEdison Inc               SUNE      2.38      2.00  4/15/2022
SunEdison Inc               SUNE      2.63      3.25   6/1/2023
TMST Inc                    THMR      8.00     14.44  5/15/2013
Talos Production LLC /
  Talos Production
  Finance Inc               TALPRO    9.75     70.00  2/15/2018
Talos Production LLC /
  Talos Production
  Finance Inc               TALPRO    9.75     70.00  2/15/2018
TerraVia Holdings Inc       TVIA      5.00     40.13  10/1/2019
TerraVia Holdings Inc       TVIA      6.00     66.13   2/1/2018
Terrestar Networks Inc      TSTR      6.50     10.00  6/15/2014
Trans-Lux Corp              TNLX      8.25     20.13   3/1/2012
UCI International LLC       UCII      8.63     25.75  2/15/2019
Venoco LLC                  VQ        8.88      1.27  2/15/2019
Verso Paper Holdings
  LLC / Verso Paper Inc     VRS      11.75     17.00  1/15/2019
Verso Paper Holdings
  LLC / Verso Paper Inc     VRS      11.75     17.00  1/15/2019
Violin Memory Inc           VMEM      4.25      8.50  10/1/2019
Walter Energy Inc           WLTG      8.50      0.54  4/15/2021
Walter Energy Inc           WLTG      9.88      0.62 12/15/2020
Walter Energy Inc           WLTG      9.88      0.62 12/15/2020
Walter Energy Inc           WLTG      9.88      0.62 12/15/2020
Washington Mutual Bank /
  Debt not acquired
  by JPMorgan               WAMU      5.55     21.75  6/16/2010
rue21 inc                   RUE       9.00     24.00 10/15/2021
rue21 inc                   RUE       9.00     23.00 10/15/2021


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
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
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2017.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-362-8552.

                   *** End of Transmission ***