TCR_Public/170215.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Wednesday, February 15, 2017, Vol. 21, No. 45

                            Headlines

919 PROSPECT: Ian Gazes Accepts Ch. 11 Trustee Appointment
AERIAL MERGER: Moody's Assigns B1 Corporate Family Rating
AERIAL PARENT: S&P Assigns 'B+' CCR on Neustar Acquisition
AIM STEEL: DOJ Watchdog Seeks Dismissal, Trustee Appointment
AMBULATORY ENDOSCOPIC: Regional Unsecured Creditors to Get 5%

AMBULATORY ENDOSCOPIC: Unsecureds to Recoup 7% Under Plan
ART AND ARCHITECTURE: Court Modifies TRO vs. Ace Museum
BCL ONE: Case Summary & 3 Unsecured Creditors
BIODATA MEDICAL: Court Denies Bid to File Vantage Pact Under Seal
BLOCK COMMUNICATIONS: S&P Raises Rating on $500MM Notes to 'BB-'

BOXWOOD LLC: Case Summary & Unsecured Creditor
BRISTOW GROUP: S&P Affirms 'BB-' CCR & Revises Outlook to Negative
BUCKTAIL MEDICAL: PCO Files 7th Interim Report
CCC OF FAIRPLAY: Disclosures Okayed, Plan Hearing on March 16
CHESAPEAKE ENERGY: State Street Reports 4.66% Equity Stake

CHOICE HEALTH: Disclosures Okayed, Plan Hearing on March 23
CITY HOMES: Approval of Zvi Guttman as Ch. 11 Trustee Sought
CLIFFS NATURAL: Posts $174 Million Net Income for 2016
COBALT INTERNATIONAL: Wellington Holds 10% Stake as of Dec. 30
COLTEC INDUSTRIES: Hires Bates White as Asbestos Claims Consultant

CONDADO RESTAURANT: Disclosure Statement Hearing Moved to April 26
CONNECT TRANSPORT: Court OK's Expedited Ch. 11 Trustee Appointment
CORE RESOURCE: Creditors' Committee Seeks Ch.11 Trustee Appointment
DAMAR HOLDINGS: U.S. Trustee Unable to Appoint Committee
DAVID KENNETH LIND: Creditors Seek Ch. 11 Trustee Appointment

DEXTERA SURGICAL: PRIMECAP Management Reports 6.7% Equity Stake
DIRECTORY DISTRIBUTING: FLSA Suit Moved to Missouri Court
DUER WAGNER: DIP Loan to be Settled in Exchange for Asset Transfers
EDGE FINANCIAL: To Pay Creditors Through Sale of Assets
EMERALD OIL: Indenture Trustee to Have $149.9MM Unsecured Claim

ENDLESS SALES: Case Summary & 10 Unsecured Creditors
ERICKSON INC: Disclosures Okayed; Plan Hearing on March 21
ERIN ENERGY: Has $100M Credit Facility with Mauritius Commercial
ETERNAL ENTERPRISE: Unsecureds to be Paid in Full in Cash
EUGENE BOYLE: Selling Grosse Pointe Shores Property for $975K

FIDELITY & GUARANTY: Moody's Hikes Sr. Unsec. Debt Rating to Ba2
FLEMMING'S GRILL: Seeks to Hire Ballstaedt as Legal Counsel
FORBES ENERGY: Sale of Aged Trucks and Trailers for $668K Approved
FRESH & EASY: Selling Liquor License (No. 539658) for $20K
GAVILAN RESOURCES: Moody's Assigns 'B3' Corporate Family Rating

GIBSON ENERGY: Moody's Retains Ba2 Rating Over Propane Biz Sale
GIGA-TRONICS INC: Reports Third Quarter FY 2017 Results
GREAT LAKES: Plan Confirmation Hearing on March 28
GRM BAY WASH: Unsecureds to Get 100% Over 60 Months
H-D ACQUISITION: Wants Court to Approve Plan Outline

IHEARTMEDIA INC: S&P Raises Rating to 'CCC' on Debt Exchange
III EXPLORATION: Selling Western Uintah Basin Property for $51.5M
INTERPACE DIAGNOSTICS: Dimensional Fund Reports 0.1% Stake
ION GEOPHYSICAL: Incurs $65.1 Million Net Loss in 2016
JEFF BENFIELD: Court Denies SiteOne's Bid for Relief from Stay

KEMET CORP: Dimensional Fund Holds 5.2% Equity Stake as of Dec. 31
LEHR CONSTRUCTION: JKL Loses Bid to Pursue Subcontractor Claims
LITTLE NEGRIL: Disclosures Okayed, Plan Hearing on March 16
LMCHH PCP: Hires Garden City as Claims and Noticing Agent
LSB INDUSTRIES: Dimensional Fund Holds 5.6% Stake as of Dec. 31

MACIEJ PAINT: Hires Carlson Advisors as Accountants
MARBLES HOLDINGS: U.S. Trustee Forms 5-Member Committee
MARION AVENUE: Plan Confirmation Hearing Set for March 23
MARRONE BIO: PRIMECAP Reports 11.5% Stake as of Dec. 31
MBTI OF PUERTO RICO: Taps Reality Realty to Sell Assets

MCCLATCHY CO: Reports $3.1 Million Net Income for Fourth Quarter
MCGAHAN FAMILY: Has Until Feb. 22 to File Plan Outline
MIAMI NEUROLOGICAL: Soneet Kapila Named Ch. 11 Trustee
MID-STATE PLUMBING: US Trustee Tries to Block Disclosures OK
NICK STELLEY: Taps H. Kent Aguillard as Legal Counsel

NORTHERN OIL: Dimensional Fund Reports 1.7% Stake as of Dec. 31
NOVATION COMPANIES: Taps Husch Blackwell as Special Counsel
OLDCO LLC: Hires Rust Omni as Claims and Noticing Agent
ONCOBIOLOGICS INC: venBio Discloses 5.4% Stake as of Dec. 31
ONSITE TEMP: Hearing on Plan Outline Set for April 4

PACIFIC DRILLING: Adage Capital Ceases to be Shareholder
PARKER PORK: Case Summary & 20 Largest Unsecured Creditors
PETROLEX MANAGEMENT: May Bifurcate Home Loan Claim
PIONEER ENERGY: Dimensional Fund Has 7.28% Stake as of Dec. 31
PK IN TOWN: Names Joyce Lindauer as Counsel

PREFERRED CONCRETE: 2nd Amended Plan Reclassifies Claims
PRESTIGE INDUSTRIES: Hires Dilworth Paxson as Counsel
PURE FOODS: Hires Little & Milligan as Co-counsel
QUANTUMSPHERE INC: Issues $68,000 12% Convertible Note
RAIN TREE HEALTHCARE: Seeks Continued Employment of CEO

REVOLUTION ALUMINUM: Creditors Seek Ch. 11 Trustee Appointment
RONALD HOWLAND: Disclosures Okayed, Plan Hearing on March 9
ROSEWOOD OAKS: Avis Wallace Agrees to Reduce Amount of Claim
S & J CD: Disclosures Okayed, Plan Hearing Set for March 13
SAEXPLORATION HOLDINGS: Aristides No Longer a Shareholder

SANITAS PARTNERS: Creditors Seek Ch. 11 Trustee Appointment
SHANGOL INC: Ch. 11 Trustee Appointment, Ch. 7 Conversion Sought
SIRGOLD INC: DOJ Watchdog Proposes S. LaMonica as Ch.11 Trustee
SKIN SENSE: Court Okays Continued Sale of Gift Cards
SON CORP: Hearing on Plan Outline Scheduled for March 22

SOUTHERN TRACTS: Case Summary & 16 Largest Unsecured Creditors
SOUTHWEST CUTTERS: Case Summary & 20 Largest Unsecured Creditors
SUBMARINA INC: Ch.11 Trustee Taps Humphrey Law as Legal Counsel
TC EXPRESS: Disclosures Okayed, Plan Hearing on March 22
TEXARKANA HOTELS: Naples Buying Assets for $6.5 Million

TOWERSTREAM CORP: Philip Urso to Assist in CEO Transition
TOWERSTREAM CORP: Stockholders OK 2 Proposal at Special Meeting
TOWNCENTER PLAZA: Seeks to Hire Smaha Law Group as Legal Counsel
TRANS COASTAL: Disclosure Statement Hearing Set for March 21
UNIQUE VENTURES: Case Summary & 20 Largest Unsecured Creditors

UNIQUE VENTURES: Files for Chapter 11 Protection Amid Tax Woes
VENT ALARM: Disclosure Statement Hearing Set for April 5
WOODHAVEN TOWNHOUSE: March 9 Plan Confirmation Hearing
[*] Moody's: 2016 Corp Defaulters Lowly Rated in Advance of Default

                            *********

919 PROSPECT: Ian Gazes Accepts Ch. 11 Trustee Appointment
----------------------------------------------------------
Ian J. Gazes, the appointed Chapter 11 Trustee for 919 Prospect Ave
LLC, filed an Acceptance of Appointment before the U.S. Bankruptcy
Court for the District of New York on February 2, 2017.

Mr. Gazes was appointed by the Office of the United States Trustee
as the Chapter 11 Trustee for the Debtor on January 26, 2017.

             About 919 Prospect

919 Prospect filed a Chapter 11 bankruptcy petition (Bankr.
S.D.N.Y. Case No. 16-13569) on December 22, 2016.  The Hon. Shelley
C. Chapman presides over the case. Rosen, Kantrow & Dillon, PLLC
represents the Debtor as counsel.

The Debtor disclosed total assets of $5 million and total
liabilities of $2.40 million. The petition was signed by Seth
Miller, managing member.


AERIAL MERGER: Moody's Assigns B1 Corporate Family Rating
---------------------------------------------------------
Moody's Investors Service has assigned a B1 corporate family rating
(CFR) and B1-PD probability of default rating (PDR) to Aerial
Merger Sub, Inc., a wholly owned subsidiary of investment funds of
Golden Gate Private Equity and GIC Special Investments that will
raise debt to finance its acquisition of Neustar, Inc. (Ba3 review
for downgrade). Aerial plans to raise $1.75 billion of new debt
obligations, including a $100 million 1st lien revolving credit
facility (undrawn at close), a $350 million two-and-a-half year 1st
lien term loan B-1, a $950 million seven year 1st lien term loan
B-2, and a $350 million eight year 2nd lien term loan. In addition
to the debt, the sponsors will contribute approximately $1.3
billion of equity to finance the $2.9 billion purchase. The
existing $808 million of debt (as of 12/31/16) at Neustar will be
repaid upon close of the acquisition, which Moody's expects to
occur in the second half of 2017. Moody's has assigned a Ba3
(LGD-3) rating to Aerial's 1st lien facilities including the
revolver and a B3 (LGD-6) rating to the 2nd lien instrument. The
ratings outlook for Aerial is stable.

Upon close of Golden Gate and GIC's proposed acquisition of
Neustar, Aerial will be merged with and into Neustar. At that time,
Neustar's CFR will likely be downgraded to B1, in line with the
ratings of Aerial, and the B1 CFR on Aerial will be withdrawn. The
ratings assigned to Aerial reflect Moody's view of the end state
capital structure of Neustar following the leveraged buyout ("LBO")
transaction. The B1 reflects the incremental leverage and higher
interest costs from the debt incurred to buy Neustar. Further,
Moody's believes Golden Gate and GIC's ownership will result in a
more aggressive financial policy than that of Neustar prior to this
LBO transaction. These negative pressures are offset by Neustar's
favorable market position within its strong and growing business
segments as well as stable recurring revenue.

Issuer: Aerial Merger Sub, Inc.

Assignments:

-- Corporate Family Rating, Assigned B1

-- Probability of Default Rating, Assigned B1-PD

-- Senior Secured 1st Lien Revolving Credit Facility due 5 years,
Assigned Ba3 (LGD3)

-- Senior Secured 1st Lien Term Loan B1 due 2.5 years , Assigned
Ba3 (LGD3)

-- Senior Secured 1st Lien Term Loan B2 due 7 years, Assigned Ba3
(LGD3)

-- Senior Secured 2nd Lien Term Loan due 8 years, Assigned B3
(LGD6)

Outlook Actions:

-- Outlook, Assigned Stable

RATINGS RATIONALE

Aerial's B1 CFR is based on Neustar's end state capital structure
following the LBO transaction and the resulting pro-forma structure
following the discontinuation of Neustar's role as the sole
administrator of services to the Number Portability Administration
Center ("NPAC"). The NPAC is the registry system that facilitates
telephone number portability between carriers, enabling consumers
and businesses in the U.S. to maintain their telephone numbers when
they change service providers. While the timing of the transition
is not certain, Moody's believes the NPAC contract is likely to
migrate to a competitor after the third quarter of 2018. Although
Neustar might ultimately retain the NPAC business under some
scenarios, Aerial's ratings do not include any incremental NPAC
benefits to debt holders beyond 2018, primarily because Moody's
believes these benefits are likely to be extracted by the new
equity sponsors.

Aerial's rating reflects Neustar's strong free cash flow profile
driven by strong margins and low capital intensity. Neustar is well
positioned to capitalize on growth in its Information Services and
Analytics segment, which helps businesses with targeted marketing,
communications and security solutions. Neustar has a strong market
position and its valuable authoritative database is a barrier to
competition. The business has a stable recurring revenue model
which is supported by average contract lengths of approximately
three years. Neustar has aggressively pursued a business
transformation over the past several years in order to accelerate
revenue growth, both organically and through acquisitions. The 2015
acquisitions of MarketShare and the caller authentication assets
from TNS better positioned the company to take advantage of the
high growth market verticals in which it operates. Furthermore,
Neustar's proprietary and hard-to-replicate data sets buttress the
company's integrated value proposition in its information services
and analytics operating segments, allowing it to create high
barriers to entry and maintain its competitive advantage.

Aerial's rating is constrained by the high leverage of Neustar's
end state capital structure of around 4.5x (Moody's estimate for
FY2019 and including Moody's standard adjustments) and Moody's
expectation of an aggressive financial policy given its new private
equity ownership structure. In addition, the B1 rating captures
Neustar's relatively small scale relative to larger companies
across the industries in which it competes.

Moody's expects Neustar to have very good liquidity over the next
twelve months. The company generates positive free cash flow and
Moody's expects Neustar to have around $50 million in cash and full
availability under its new $100 million secured revolving credit
facility following the close of the LBO transaction. The revolving
credit facility is subject to a springing maximum net secured
leverage test which Moody's expects will be set with ample
cushion.

The ratings for the debt instruments reflect both the probability
of default of Aerial, to which Moody's assigns a PDR of B1-PD, and
individual loss given default assessments. The 1st lien term loans
and revolving credit facility are rated Ba3 (LGD3), one notch above
the CFR, given the loss absorption from the B3 (LGD6) rated 2nd
lien loan.

Aerial's stable outlook reflects Moody's view that Neustar will
maintain its upward growth trajectory and consistently solid
margins, as well as maintain its competitive positioning in the end
markets in which it operates. The stable outlook also anticipates
that the transition of NPAC services will not be disruptive to
Neustar's continued operations. Moody's expects Neustar's end state
capital structure following the LBO transaction and the resulting
pro-forma structure following the discontinuation of the NPAC
contract will result in leverage near or below 4.5x EBITDA (Moody's
adjusted) .

Moody's could upgrade Aerial's B1 rating reflecting Neustar's
steady-state (i.e. post-LBO transaction close and post-NPAC
discontinuation) if leverage is sustained below 3.5x Debt/EBITDA
(Moody's adjusted) and free cash flow is at least 10% of Moody's
adjusted debt. The rating could be downgraded if steady-state
leverage is sustained above 4.5x (Moody's adjusted) or if cash flow
deteriorates such that FCF/Debt is less than 5%. In addition, the
rating could be downgraded if leverage increases from debt issued
to return cash to shareholders or if there is deterioration of
Neustar's market position irrespective of its credit metrics.

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

Based in Sterling, VA, Neustar, Inc is the leading provider of
information and data services catering to carriers and enterprises.
For last twelve month ended December, 2016, Neustar generated
approximately $1.2 billion in revenue.


AERIAL PARENT: S&P Assigns 'B+' CCR on Neustar Acquisition
----------------------------------------------------------
S&P Global Ratings said that it assigned its 'B+' corporate credit
rating to Aerial Parent Corp., which will be the parent of
Sterling, Va.-based Neustar Inc. (B+/Watch Neg) upon closing of the
take-private transaction.  The rating outlook is stable.

S&P also assigned a 'BB' issue-level rating and '1' recovery rating
to the company's proposed senior secured first-lien credit
facility, which consists of a $100 million revolver due in 2022, a
$350 million term loan B-1 due in 2019, and a $950 million term
loan B-2 due in 2024.  The '1' recovery rating indicates S&P's
expectation for very high (90%-100%) recovery for lenders in the
event of a payment default.

In addition, S&P assigned a 'B-' issue-level rating and '6'
recovery rating to the company's proposed $350 million second-lien
term loan due in 2025.  The '6' recovery rating indicates S&P's
expectation for negligible (0%-10%) recovery in the event of a
payment default.

The company will use proceeds from the first- and second-lien term
loans, along with $100 million of preferred stock and $1.2 billion
of common equity, to fund the $2 billion purchase price for
Neustar, refinance about $727 million of existing debt as of
March 31, 2017, add $50 million of cash to the balance sheet, and
pay about $160 million of related fees and expenses.

The ratings on Aerial reflect the company's moderate leverage of
about 3x in 2017, although S&P incorporates the loss of Neustar's
Number Portability Administration Center (NPAC) contract, the
potential for debt-financed dividends to private-equity sponsors
Golden Gate Capital and GIC, or acquisitions over the next couple
of years, which could result in leverage above 5x longer-term.  The
rating also reflects the predictable near-term revenue and cash
flow characteristics from the NPAC contract, which is scheduled to
expire in mid-2018, and healthy growth prospects in Neustar's
Information Services & Analytics (IS&A) business segment.  The IS&A
segment benefits from increased demand for real-time data analytics
and Web security services.  Partial mitigating offsetting factors
include Neustar's relatively low market share, intense competition
from some better-capitalized providers in a fragmented market, and
weaker profitability characteristics from the remaining IS&A
businesses relative to the NPAC contract.

Neustar's communications enablement and real-time information
services provide registry, directory, domain management, and
marketing analytics to the telecommunications and marketing
industries.  The company also currently manages number portability
for wireless and wireline providers, as well as the allocation of
pooled blocks of telephone numbers to an industry group that
represents the U.S. telecom service providers.  The NPAC contract
contributes approximately 40% of Neustar's revenue.  The company
lost the contract to iconectiv, a subsidiary of Ericsson, although
it won't expire until mid-2018 and could be extended because of
technical and implementation challenges faced by iconectiv.  The
company is also in court with the Federal Communications Commission
(FCC) to recoup the contract, contending that Ericsson was a
conflicted bidder for NPAC.  While S&P's rating assumes that
Neustar will lose the NPAC contract in mid-2018, S&P recognizes
that complexity and ongoing delays from building the database by
iconectiv could result in potential contract extensions and that
improve S&P's revenue and EBITDA forecasts.

IS&A provides caller ID, domain name registries, fraud prevention,
and marketing analytics products to a wide base of customers.  It
is comprised of three sub-segments.  Telecom Addressing operates
caller ID and carrier provisioning, and is expected to exhibit
relatively flat growth.  Internet Addressing provides Web registry
and website security products, and S&P believes this sub-segment
has good growth prospects due to increasing demand for distributed
denial of service (DDoS) and domain name system (DNS) protection.
The Analytics sub-segment leverages locational and related data
available to the company's registry and directory assets and
delivers actionable insights to marketers.  S&P also views this
sub-segment favorably because of strong industry demand for
real-time data analytics and marketing services.

Still, Neustar faces strong competition from other providers and
has a relatively weak market position in the various IS&A business
segments.  Moreover, EBITDA margins, in the mid-30% area, and cash
flow generation are weaker than the NPAC segment and the company
has a fair degree of revenue concentration in IS&A with the top 10
customers accounting for 25% of revenues.

Under S&P's base-case scenario, it assumes these:

   -- Steadily increasing demand for IS&A products, driven by
      secular growth in data volume and with muted impact by GDP
      trends or adverse macro factors.

   -- Revenues from the NPAC contract ending by mid-2018.

   -- Revenues for the IS&A segment to grow in the mid-single-
      digit percent area over the next two years.

   -- Revenue from Telecom Addressing that is flat to slightly
      down in 2017 and 2018 because of mature caller ID and
      carrier provisioning demand, modestly offset by growth in
      service fulfillment products.  Mid-single-digit percent
      revenue growth in Internet Addressing, driven by demand for
      brand-focused top-level domains, fast-growing need for DDoS
      security, and high relative market share in DNS.

   -- High-single-digit percent growth in Analytics because of
      strong demand for data analytics, Web registry, and fraud
      prevention services.

   -- Overall adjusted EBITDA margin declining to the low- to mid-
      30% area by 2019 from the mid-40% area due to the loss of
      the NPAC contract.

   -- Capex as a percent of revenues remaining less than 5%.

   -- Projected synergies from recent acquisitions totaling
      $30 million to be realized in 2017, with the remaining
      $15 million fully realized by 2018.

Based on these assumptions, S&P arrives at these credit measures:

   -- Adjusted debt to EBITDA of 3x-3.5x in 2017 and 2018, rising
      to the low-5x area in 2019 because of the loss of the NPAC
      contract.

   -- Funds from operations (FFO) to debt of 17%-25% through 2018,

      decreasing to the low-teen percentage area in 2019.

   -- Free operating cash flow (FOCF) to debt of about 20% through

      2018, declining to around 10% in 2019.

S&P views Neustar's liquidity as adequate.  S&P expects sources of
liquidity to exceed uses by approximately 2.8x over the next 12
months and net sources to remain positive, even with a 15% decline
in forecast EBITDA.  Still, S&P expects a more aggressive risk
tolerance under new ownership that could lead to excess cash flow
being used for dividends or acquisitions.

Principal liquidity sources:

   -- Pro forma cash of about $50 million at close;
   -- $100 million availability under the company's senior secured

      revolving credit facility; and
   -- S&P's expectation for $400 million-$410 million of FFO over
      the next 12 months.

Principal liquidity uses:

   -- Required debt amortization of around $120 million over the
      next 12 months;
   -- Working capital outflows of $30 million due to integration
      of recently acquired assets;
   -- Capital expenditures of about $45 million-$50 million
      annually.

Covenants

The bank credit facility will have a 3.0x net secured leverage
covenant when the revolver is more than 30% million drawn.  The
covenant steps up to 5.5x from 3.0x upon expiration of the NPAC
contract and S&P expects the company will have sufficient headroom
under the covenant such that it maintains full access to the
$100 million available under the revolver.

The stable outlook reflects S&P's expectation for revenue and cash
flow visibility from the NPAC contract over the next year and
healthy growth from other segments such that leverage remains below
4x over the next year.

While unlikely in the near term, S&P could lower the rating if
business conditions deteriorate in the IS&A segment, resulting from
higher churn and competitive pressures from larger peers.  S&P
could also lower the rating if the company makes a debt-financed
dividend to shareholders or an acquisition that pushes adjusted
leverage above 5x over the next year.

While also unlikely, S&P could raise the rating if the company
maintains adjusted leverage below 4x over a sustained period.
However, given the company's private equity ownership, an upgrade
would require greater comfort around Neustar's longer-term
financial policy and a commitment to maintain leverage below 4x
following the expiration of the NPAC contract.



AIM STEEL: DOJ Watchdog Seeks Dismissal, Trustee Appointment
------------------------------------------------------------
Guy G. Gebhardt, Acting United States Trustee for Region 21, asks
the U.S. Bankruptcy Court for the Northern District of Georgia to
enter an order dismissing the Chapter 11 bankruptcy case of AIM
Steel International, Inc., or convert it to a case under Chapter 7
of the Bankruptcy Code, or, direct the appointment of a Chapter 11
Trustee.

According to the U.S. Trustee, the Debtor's monthly operating
reports had accrued unpaid post-petition accounts payable totaling
$1,176,600 during its first three months as a Chapter 11 debtor
in possession, while sustaining negative cash flow in the amount of
$85,372.  In the face of the operating losses, it appears highly
unlikely that Debtor has the ability to fund an otherwise
confirmable plan of reorganization, the U.S. Trustee asserts.
Therefore, cause exists under the circumstances for dismissal or
conversion of the case based on substantial or continuing loss to
or diminution of the estate and the absence of a reasonable
likelihood of rehabilitation, the U.S. Trustee tells the Court.

The U.S. Trustee also points out that the Debtor's monthly
operating reports further provides that the Debtor has only 10
employees, and according to its bankruptcy schedules it has no
tangible assets.  Rather, its only scheduled assets consist of bank
deposits and accounts receivable, the U.S. Trustee says.  The
Debtor has not explained why, under the circumstances, it requires
a 26,000 square-foot building costing $6,000 per month from which
to conduct its business operations, the U.S. Trustee points out.

Moreover, circumstances suggest that the dealings between the
Debtor and Nasir Holdings, LLC, owner of the property leased by the
Debtor, may not have been arm's length business transactions, the
U.S. Trustee further points out.  The two entities share the same
address, and, upon information and belief, Nasir's managing member,
Omar Ali, served as Debtor's general manager until approximately a
month prior to the Petition Date.

Therefore, the U.S. Trustee contends, it has been held that
sufficient cause exists to direct the appointment of a chapter 11
trustee where the debtor has failed to adequately explain
suspicious prepetition dealings and the need exists for an
impartial evaluation of possible preference and fraudulent transfer
claims against related entities.

                About AIM Steel

AIM Steel International, Inc., sought protection under Chapter 11
of the Bankruptcy Code (Bankr. N. D. Ga. Case No. 16-67661) on Oct.
3, 2016. The petition was signed by David Brown, general manager.

At the time of the filing, the Debtor disclosed $578,812 in assets
and $2.67 million in liabilities.

Ian M. Falcone, Esq., at The Falcone Law Firm, P.C., serves as the
Debtor's bankruptcy counsel.

Guy G. Gebhardt, Acting U.S. Trustee for Region 21, on Oct. 27
appointed three creditors of AIM Steel International, Inc., to
serve on the official committee of unsecured creditors.


AMBULATORY ENDOSCOPIC: Regional Unsecured Creditors to Get 5%
-------------------------------------------------------------
Regional Gastrointestinal Consultants, P.C., filed with the U.S.
Bankruptcy Court for the Eastern District of Pennsylvania an
amended plan of reorganization and accompanying disclosure
statement.

Under the Plan, Class 4 Unsecured Claims are impaired by the Plan.


Starting on the first business day of the first month after the
Effective Date and on the first business day of each successive
month for a total of 36 monthly payments, the Debtor will pay
$3,000 to be distributed to Class 4 Claimants on a pro rata basis
to all Class 4 holders of Allowed Unsecured Claims.  The total
amount of the payments to Class 4 Claimants whose claims are
allowed, over the life of the Plan, is $108,000.  This distribution
equates to an approximate 5% pro rata distribution to the holders
of Allowed Class 4 claims based on total claims of $2,104,061.34,
when taking into consideration TD Bank's agreement to receive a
distribution on account of a unsecured claim in the amount of
$200,000, rather than in the amount of its actual Allowed Class 4
Unsecured Claim, which is substantially higher at $1,292,008.75.
The Debtor believes that if its assets were liquidated on the
Effective Date of the Plan, there would not be sufficient assets to
pay Allowed Secured Claims in full, let alone any distribution to
the holders of Allowed Unsecured Claims.  

Under the Plan, Dr. Fanelli will continue to work allowing for the
distributions proposed in the Plan to Holders of Allowed Claims and
will retain ownership of the Debtor.  Unless otherwise provided for
under the Plan, on the Effective Date, the Reorganized Debtor will
be revested with all of the Assets of the Debtor.  

The Amended Disclosure Statement is available at:

          http://bankrupt.com/misc/paeb16-13517-335.pdf

As reported by the Troubled Company Reporter on Jan. 6, 2017,
Ambulatory Endoscopic Surgical Center of Bucks County, LLC, and
Regional Gastrointestinal Consultants, P.C., filed with the Court a
plan of reorganization and accompanying disclosure statement.  The
plan states that on the first business day of the first month after
the effective date and on the first business day of each successive
month for a total of 36 monthly payments, the Debtor would pay
$3,000 to be distributed to Class 4 General Unsecured Creditors on
a pro rata basis.  The total amount of these payments to Class 4
Claimants whose claims are allowed, over the life of the Plan, is
$108,000.  This distribution equates to an approximate 5% pro rata
distribution to holders of Allowed Class 4 Claims based on a total
of $2,104,061, when taking into consideration TD Bank's agreement
to receive a distribution on account of an unsecured claim in the
amount of $200,000, rather than in the amount of its actual Allowed
Class 4 Unsecured Claim, which is substantially higher at
$1,292,008.

            About Ambulatory Endoscopic Surgical Center
                     of Bucks County, LLC

Ambulatory Endoscopic Surgical Center of Bucks County, LLC, and
Regional Gastrointestinal Consultants, P.C., sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. E. D. Pa. Lead Case
No. 16-13517) on May 17, 2016.  The petitions were signed by Andrew
T. Fanelli, sole member of Ambulatory Endoscopic.  The cases are
assigned to Judge Eric L. Frank.  The Debtors are represented by
Jeffrey S. Cianciulli, Esq., at Weir & Partners LLP.  At the time
of the filing, the Debtors estimated their assets at $100,000 to
$500,000, and liabilities at $1 million to $10 million.


AMBULATORY ENDOSCOPIC: Unsecureds to Recoup 7% Under Plan
---------------------------------------------------------
Ambulatory Endoscopic Surgical Center of Bucks County, LLC, and
Ambulatory Endocsopic Surgical Center, LLC, filed with the U.S.
Bankruptcy Court for the Eastern District of Pennsylvania an
amended plan of reorganization and accompanying disclosure
statement.

Class 3 Unsecured Claims are impaired by the Plan.

As of the Bar Date, the total amount of Class 3 unscheduled claims
(for which a proof of claim was timely filed) and unsecured claims
scheduled so that no proof of such claim was required or a required
proof of claim was filed, was $2,753,628.77.  This amount includes,
where applicable, the amount claimed on a proof of claim if
different from what was scheduled.  This amount does not reflect
the Debtor's belief as to the allowed amount of Class 3 claims.  
Based on resolutions reached regarding informal objections to the
claims of certain creditors, the Debtor believes that the Allowed
amount of pre-Petition Date Class 3 claims will be $1,033,403.42.

Starting on the first business day of the first month after the
Effective Date and on the first business day of each successive
month for a total of 36 monthly payments, the Debtor will pay
$2,000 to be distributed to Class 3 claimants on a pro rata basis
to all Class 3 holders of allowed unsecured claims.  The total
amount of payments to Class 3 Claimants whose claims are allowed,
over the life of the Plan, is $72,000.  This distribution equates
to an approximate 7% pro rata distribution to the holders of
Allowed Class 3 claims based on total claims of $1,033,403.42, when
taking into consideration TD Bank's agreement to receive a
distribution on account of a unsecured claim in the amount of
$200,000, rather than in the amount of its actual Allowed Class 3
Unsecured Claim, which is substantially higher at $1,292,008.75.

The Amended Plan and Amended Disclosure Statement is available at:

          http://bankrupt.com/misc/paeb16-13517-341.pdf
          http://bankrupt.com/misc/paeb16-13517-339.pdf

As reported by the Troubled Company Reporter on Jan. 6, 2017,
Ambulatory Endoscopic Surgical Center of Bucks County, LLC, and
Regional Gastrointestinal Consultants, P.C., filed with the Court a
plan of reorganization and accompanying disclosure statement.  The
plan states that on the first business day of the first month after
the effective date and on the first business day of each successive
month for a total of 36 monthly payments, the Debtor would pay
$3,000 to be distributed to Class 4 General Unsecured Creditors on
a pro rata basis.  The total amount of these payments to Class 4
Claimants whose claims are allowed, over the life of the Plan, is
$108,000.  This distribution equates to an approximate 5% pro rata
distribution to holders of Allowed Class 4 Claims based on a total
of $2,104,061, when taking into consideration TD Bank's agreement
to receive a distribution on account of an unsecured claim in the
amount of $200,000, rather than in the amount of its actual Allowed
Class 4 Unsecured Claim, which is substantially higher at
$1,292,008.

            About Ambulatory Endoscopic Surgical Center
                     of Bucks County, LLC

Ambulatory Endoscopic Surgical Center of Bucks County, LLC, and
Regional Gastrointestinal Consultants, P.C., sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. E. D. Pa. Lead Case
No. 16-13517) on May 17, 2016.  The petitions were signed by Andrew
T. Fanelli, sole member of Ambulatory Endoscopic.  The cases are
assigned to Judge Eric L. Frank.  The Debtors are represented by
Jeffrey S. Cianciulli, Esq., at Weir & Partners LLP.  At the time
of the filing, the Debtors estimated their assets at $100,000 to
$500,000, and liabilities at $1 million to $10 million.


ART AND ARCHITECTURE: Court Modifies TRO vs. Ace Museum
-------------------------------------------------------
Judge Robert Kwan of the U.S. Bankruptcy Court for the Central
District of California entered an order modifying the temporary
restraining order (i) prohibiting Ace Museum, Douglas Chrismas, and
any party acting on their behalf from taking action to move, sell
or encumber Art and Architecture Books of the 21st Century's
property, and (ii) authorizing Sam Leslie, as Plan Agent for the
Debtor, to take all necessary actions to secure the artworks, and
to secure the real property.

The portion of the TRO providing that Mary Corse, and any party
acting on her behalf, is temporarily restrained from transferring
possession of the Black Arch through Feb. 1, 2017, is dissolved.
The TRO is not modified in any other way and otherwise remains in
effect.

The Court notes that the ex parte application of the counsel for
the plaintiff, Victor A. Sahn, Esq., David J. Richardson, Esq., and
Asa S. Hami, Esq., of the law firm of Sulmeyer Kupetz, and Carolyn
Dye, Esq., of the Law Offices of Carolyn A. Dye, "requested the
Court to modify the proposed temporary restraining order submitted
by counsel, and not the actual temporary restraining order entered
by the Court, and submitted a redlined version of the changes that
counsel was now proposing in an order that was never entered, which
seems to the Court a demonstration of the lack of awareness of the
written order which was actually entered by the Court.

Judge Kwan said that it is somewhat surprising to the Court among
the four attorneys listed on the caption for the Ex Parte
Application that no one of these attorneys in writing the
Application or reviewing it noticed this, which leads the Court to
surmise that no one read the Court's actual order in preparing this
application.  Meanwhile, the Court soldiered on and reviewed the Ex
Parte Application to divine what counsel was really asking for,
i.e., dissolution of the temporary restraining order as to Artist
Mary Corse and the Black Arch artwork, and modified the newly
proposed order to simply dissolve the temporary restraining order
as to Ms. Corse and this piece of artwork."

The Order dated on Jan. 27, 2017, is available at
https://is.gd/ap3ymf from Leagle.com.

The adversary proceeding is Sam Leslie, Plan Agent For Art &
Architecture Books of The 20th Century, Plaintiff, v. Ace Gallery
New York, Corporation, a California corporation; Ace Gallery New
York, Inc., a dissolved New York corporation; Ace Museum, a
California corporation; Douglas Chrismas, an individual; Jennifer
Kellen, an individual; Shirley Holst, an individual; 400 S. La
Brea, LLC, a California limited liability company; Trizec 5670
Wilshire, LLC, a Delaware limited liability company, Defendants,
Adv No. 2:15-ap-01679-RK, Consolidated with Adv. No.
2:14-ap-01771-RK., 2:15-ap-01680-RK (Bankr. C.D. Calif.).

Art and Architecture Books of the 21st Century, Debtor, is
represented by Jerome S. Cohen, Carolyn A. Dye, Thomas M. Geher &
David W. Meadows.

United States Trustee (LA), U.S. Trustee, is represented by Kenneth
G. Lau, Office of the United States Trustee & Melanie Scott, Office
of the United States Trustee.

The Official Committee of Unsecured Creditors, Creditor Committee,
is represented by Asa S. Hami, SulmeyerKupetz, A Prof Corp, Daniel
A. Lev, David J. Richardson, Sulmeyer Kupetz, Victor A. Sahn &
Steven Werth, SulmeyerKupetz.

                 About Art and Architecture

Art and Architecture Books of the 21st Century, dba Ace Gallery,
filed for a voluntary Chapter 11 petition on Feb. 19, 2013, in the
U.S. Bankruptcy Court for the Central District of California, Case
No. 13-14135.  The petition was signed by Douglas Chrismas,
president.  Judge Robert Kwan presides over the case.  Joseph A.
Eisenberg, Esq., at Jeffer Mangels Butler & Mitchell LLP, serves
as counsel.  The Debtor reported $1 million to $10 million in
assets and $10 million to $50 million in debts.


BCL ONE: Case Summary & 3 Unsecured Creditors
---------------------------------------------
Debtor: BCL One, LLC
        120 E. Council Street
        Salisbury, NC 28144

Case No.: 17-50141

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: February 13, 2017

Court: United States Bankruptcy Court
       Middle District of North Carolina (Winston-Salem)

Judge: Hon. Lena M. James

Debtor's Counsel: Brian Hayes, Esq.
                  FERGUSON, HAYES, HAWKINS & DEMAY, PLLC
                  P. O. Box 444
                  Concord, NC 28026-0444
                  Tel: 704-788-3211
                  E-mail: bphafd@fspa.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by B. Clay Lindsay, Jr., authorized
representative.

A  copy of the Debtor's list of three unsecured creditors is
available for free at http://bankrupt.com/misc/ncmb17-50141.pdf


BIODATA MEDICAL: Court Denies Bid to File Vantage Pact Under Seal
-----------------------------------------------------------------
The Hon. Mark S. Wallace of the U.S. Bankruptcy Court for the
Central District of California, in a memorandum decision and order
dated Feb. 3, 2017, which is available at https://is.gd/zbFLOF from
Leagle.com, denied BioData Medical Laboratories, Inc.'s motion to
file its agreement with Vantage Medical Group, Inc., aka Vantage
IPA, under seal, vacated a portion of its previous ruling requiring
a temporary sealing of the Agreement and ordered the Agreement
published on the Court's docket and in its records.

In May 2014, the Debtor entered into an agreement with Vantage, a
managed care organization that provides health care services to its
members, whereby Debtor would provide certain types of medical lab
services to Vantage for specified capitated rates.  The May 2014
agreement was superseded by a Managed Care Laboratory Services
Agreement between Debtor and Vantage dated Oct. 1, 2015.  Vantage
alleges that the Agreement was superseded by a subsequent agreement
between the parties dated March 1, 2016.

Section 21.1 of the Agreement provides that Vantage and Debtor will
treat and keep as confidential all information or data relating to
the business operations of Vantage and Debtor acquired in
connection with the Agreement and will not disclose the same
without the prior written permission of the other party.  These
confidentiality provisions survive any termination of the
Agreement.  It is this portion of the Agreement that Debtor fears
breaching were it to attach an un-redacted copy of the Agreement to
a pleading relating to the Agreement's rejection.

The Debtor alleged that Vantage misrepresented the amount of
outside-network lab charges it was incurring and then compounded
the issue by back-charging these amounts to the Debtor.  The Debtor
contended that as a result of these back-charges and other costs
incurred by the Debtor relating to the Agreement, the Debtor
suffered major financial losses, became unprofitable and found it
necessary to file a voluntary Chapter 11 petition on Nov. 28,
2016.

On Nov. 29, 2016, the Debtor filed an emergency motion to file
Vantage Agreement under seal Pursuant to Federal Rule of Bankruptcy
Procedure 9018, or in the alternative seal provisions of the
Agreement.  The Court held a hearing on the Motion and entered an
order on Dec. 16, 2016, placing the Agreement under temporary seal
and continued the hearing to Jan. 10, 2017.  The Office of the U.S.
Trustee filed an opposition to the Motion on Dec. 27, 2016.
Vantage filed a statement of position as to the Motion.

Vantage asserted that the pricing information in the Agreement that
it seeks to protect falls within the classification of confidential
commercial information.  The Debtor did not expressly take a
position on what classification category within Section 107(b)
applies to the Agreement and is more concerned about not opening
itself up to a potential administrative expense for breach of
contract were it to file an un-redacted, unsealed copy of the
Agreement with the Court.

Debtor stated that it is indifferent as to whether the Agreement is
publicly disclosed in the Court's records, but felt required to
bring the Motion to minimize the possibility that it could be found
in violation of Agreement Section 21.1 relating to confidentiality.
The Debtor made no showing that the Agreement's disclosure could
create an unfair advantage to the Debtor's competitors.  

Vantage argued that the Agreement is no longer in effect, having
been terminated and then superseded by a laboratory services
agreement dated March 1, 2016.  Vantage failed to explain why or
how a termination (or non-termination) of the Agreement would have
any bearing upon whether the Agreement contains confidential
commercial information.

Vantage failed to show that the Debtor (the service provider) is in
competition with Vantage.  Vantage also failed to make any kind of
showing that it is in competition with other laboratory service
companies and that knowledge of prices paid by Vantage to the
Debtor would provide other laboratory service companies with an
unfair competitive advantage.  Vantage did not make clear to the
Court who its competitors are, either by name or by generic
description.

BioData Medical Laboratories, Inc., Debtor, is represented by
Robert M. Yaspan, Law Offices of Robert M Yaspan.

United States Trustee (RS), U.S. Trustee, is represented by Everett
L. Green, Office of the US Trustee.

                      About BioData Medical

BioData Medical Laboratories, Inc., based in Montclair, CA, owns
and operates a medical testing business that provides medical
services for individuals.  The Debtor filed a Chapter 11 petition
(Bankr. C.D. Cal. Case No. 16-20446) on Nov. 28, 2016.  The
Hon. Mark S. Wallace presides over the case.  

In its petition, the Debtor estimated $2.23 million in assets and
$5.90 million in liabilities.  The petition was signed by Henry
Wallach, CEO.


BLOCK COMMUNICATIONS: S&P Raises Rating on $500MM Notes to 'BB-'
----------------------------------------------------------------
S&P Global Ratings raised its issue-level rating on Toledo,
Ohio-based Block Communications Inc.'s $500 million unsecured
notes, after a $150 million add-on, to 'BB-' from 'B+' and revised
the recovery rating to '4' from '5'.  The '4' recovery rating
indicates S&P's expectation for average (higher end of the 30%-50%
range) recovery for unsecured note holders in the event of a
payment default.  The revision of S&P's recovery rating reflects
the lack of secured term loan debt in the capital structure
following the company's decision to replace the originally proposed
$150 million term loan with the same amount of unsecured notes.
Proceeds from the new notes will be used to repay its $250 million
7.25% senior notes and to pay down the $269 million balance on its
existing term loan.

S&P's corporate credit rating on Block Communications remains
'BB-' with a stable outlook because the transaction is leverage
neutral.

                          RECOVERY ANALYSIS

Key analytical factors

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

   -- S&P has valued the company on a going concern basis using a
      6x multiple of S&P's projected emergence EBITDA.  The 6x
      valuation multiple is on the lower end of the typical 6x-7x
      cable multiple because about 25% of the company's EBITDA is
      from lower-multiple businesses (broadcasting and telecom).

   -- Other default assumptions include: 85% draw on the
      $90 million revolver;

   -- LIBOR rises to 2.5%; all debt includes six months of
      prepetition interest; postretirement obligations are not
      rejected, but we reduce the enterprise valuation by
      $67 million to account for these ongoing obligations.

Simulated default assumptions

   -- Simulated year of default: 2021
   -- EBITDA at emergence: $68 million
   -- EBITDA multiple: 6x

Simplified waterfall

   -- Net enterprise value (after 5% admin. costs and pension
      adjustment): $327 million
   -- First-lien claims: $79 million
   -- Value available to unsecured creditors: $247 million
   -- Unsecured debt claims: $517 million
      -- Recovery expectations: 30%-50% (upper half of the range)

RATINGS LIST

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

Issue-Level Rating Raised; Recovery Rating Revised
                                 To                    From
Block Communications Inc.
Senior Unsecured                BB-                   B+
  Recovery Rating                4H                    5H



BOXWOOD LLC: Case Summary & Unsecured Creditor
----------------------------------------------
Debtor: Boxwood, LLC
        P.O. Box 4124
        Salisbury, NC 28145

Case No.: 17-50142

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: February 13, 2017

Court: United States Bankruptcy Court
       Middle District of North Carolina (Winston-Salem)

Judge: Hon. Lena M. James

Debtor's Counsel: Brian Hayes, Esq.
                  FERGUSON, HAYES, HAWKINS & DEMAY, PLLC
                  P. O. Box 444
                  Concord, NC 28026-0444
                  Tel: 704-788-3211
                  E-mail: bphafd@fspa.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by B. Clay Lindsay, Jr., authorized
representative.

The Debtor listed Yadkin Bank as its unsecured creditor holding a
claim of $63,517.

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

           http://bankrupt.com/misc/ncmb17-50142.pdf


BRISTOW GROUP: S&P Affirms 'BB-' CCR & Revises Outlook to Negative
------------------------------------------------------------------
S&P Global Ratings affirmed its 'BB-' corporate credit rating and
revised its rating outlook on Bristow Group Inc. to negative from
stable.

At the same time, S&P lowered the issue-level rating on the
company's senior secured debt to 'BB-' from 'BB' and revised the
recovery rating to '3' from '2'.  The '3' recovery rating reflects
S&P's expectation of meaningful (50% to 70%, high end of the range)
recovery if a default occurs.

The issue-level rating on the company's unsecured debt remains 'B+'
and the recovery rating remains '5'.  The '5' recovery rating
reflects S&P's expectation of modest (10% to 30%, low end of the
range) recovery if a default occurs.

"The negative outlook reflects our view that revenue and margins
would weaken further from our forecasts as the offshore oil and gas
sector continues to experience a decline in activity and related
spending at least until 2019," said S&P Global Ratings credit
analyst Aaron McLean.  "Under such a scenario leverage measures
could weaken to a level inconsistent with the current rating," he
added.

S&P could lower the rating if Bristow's cash flow generation
weakened below S&P's current expectations, such that FFO to debt
decreased below 12% with no near-term remedy.  This could occur if
commodity prices weakened and offshore oil and gas activity failed
to show improvement in line with S&P's current forecasts.  S&P
could also consider a lower rating if liquidity became less than
adequate.

S&P could consider revising the outlook to stable if FFO to debt
remained comfortably above 12% on a sustained basis.  This could
occur if the company's oil and gas operations improve, which would
likely be a result of an improvement in commodity prices.



BUCKTAIL MEDICAL: PCO Files 7th Interim Report
----------------------------------------------
Laura W. Patt, the Patient Care Ombudsman for The Bucktail Medical
Center, has filed a seventh interim report for the period of
November 20, 2016, through January 19, 2017.

The PCO reported that the Debtor's Administration and Staff were
open and cooperative during each on-site visit. Each personnel were
fully transparent in discussing their roles and responsibilities as
well as providing any and all requested information and data.
Further, the PCO was informed that the management embraced the
process of having a PCO on site and encouraged exchange between the
PCO and the management, which enabled the PCO to efficiently
discharge her responsibilities.

According to the report, the established theme at the Debtor's
Facility is that the resident care is first and foremost. A strong
sense of teamwork between the administration and staff was
observed, as well as amongst staff members. The residents, staff,
and administration have each expressed that they feel like a
"family" and there is a genuine concern for the residents.

The PCO further noted that the stable and steady leadership of the
Facility has strengthened staff unity; all staff interviewed
express faith in the management team and their resolve to
continually improve.

The PCO did not note any circumstances or issues that would impact
resident care at any of the facilities as a result of the
bankruptcy during the reporting period.

If the Debtor has not emerged from bankruptcy, the next report will
be issued no later than March 30, 2017, and will cover the
reporting period of January 20, 2017, through March 20, 2017.

                      About Bucktail Medical Center

The Bucktail Medical Center owns and operates a 21-bed Critical
Access Hospital, a 43 bed skilled nursing care facility, a basic
life-support ambulance, and a community health clinic.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. M.D.
Pa. Case No. 15-04297) on Oct. 2, 2015. The Debtor's petition was
signed by Timothy Reeves, CEO.

Hon. John J. Thomas presides over the case. Kevin Joseph Petak,
Esq., and James R. Walsh, Esq., at Spence, Custer, Saylor, Wolfe &
Rose, LLC, serves as counsel to the Debtors.

In its petition, Bucktail Medical Center estimated $0 to 50,000 in
assets and $1 million to $10 million in liabilities.


CCC OF FAIRPLAY: Disclosures Okayed, Plan Hearing on March 16
-------------------------------------------------------------
The U.S. Bankruptcy Court for the District of South Carolina will
consider approval of the Chapter 11 plan of liquidation of CCC of
Fairplay, LLC, and CCC Land Company, LLC, at a hearing on March
16.

The hearing will be held at 10:30 a.m., at Donald Stuart Russell
Federal Courthouse, 201 Magnolia Street, Spartanburg, South
Carolina.

The court will also consider at the hearing the final approval of
the company's disclosure statement, which it conditionally approved
on Feb. 7.

The order set a March 9 deadline for creditors to file their
objections and cast their votes accepting or rejecting the plan.

The liquidating plan contemplates the sale of the companies' real
estate and related assets to Mason Jar 101, LLC to fund payments
under the plan.

                      About CCC of Fairplay

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

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

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

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

A. Dale Watson of the State Long Term Care Ombudsman Program was
appointed as patient care ombudsman for CCC of Fairplay.  No
official committee of unsecured creditors has been appointed in the
case.


CHESAPEAKE ENERGY: State Street Reports 4.66% Equity Stake
----------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, State Street Corporation disclosed that as of Dec. 31,
2016, it beneficially owns 41,315,364 shares of common stock of
Chesapeake Energy Corporation representing 4.66 percent of the
shares outstanding.  A full-text copy of the regulatory filing is
available for free at https://is.gd/Cb18GH

                     About Chesapeake Energy

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

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

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

                          *    *    *

As reported by the TCR on Jan. 25, 2017, S&P Global Ratings raised
its corporate credit rating on Oklahoma City-based exploration and
production company Chesapeake Energy Corp. to 'B-' from 'CCC+, and
removed the ratings from CreditWatch with positive implications
where S&P placed them on Dec. 6, 2016.  The rating outlook is
positive.


CHOICE HEALTH: Disclosures Okayed, Plan Hearing on March 23
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Florida will
consider approval of the Chapter 11 plan of Choice Health Care,
Inc. at a hearing on March 23.

The hearing will be held at 3:30 pm., at the Sam M. Gibbons United
States Courthouse, Courtroom 8B, 801 N. Florida Avenue, Tampa,
Florida.

The court will also consider at the hearing the final approval of
the company's disclosure statement, which it conditionally approved
on Feb. 7.

Creditors are required to cast their votes accepting or rejecting
the plan no later than eight days before the March 23 hearing.
Objections must be filed no later than seven days before the
hearing.

                    About Choice Health Care

Choice Health Care, Inc., d/b/a Rapha Vacular Specialists d/b/a
Premier Vein Institute d/b/a Vascular & Interventional Pavilion
a/k/a VIP d/b/a Premier Vein and Vacular Pavillion operates a
medical practice specializing in the treatment of vein diseases,
vascular surgery and related treatments with its principal places
of business located in Hillsborough and Polk Counties, Florida.

The Debtor filed a chapter 11 petition (Bankr. M.D. Fla. Case No.
16-08452) on Sept. 29, 2016.  The petition was signed by Stephen J.
Steller, president.  

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

The Debtor is represented by Herbert R. Donica, Esq., at Donica Law
Firm PA.

An official committee of unsecured creditors has not yet been
appointed in the case as of October 31, 2016, according to a case
docket entry.


CITY HOMES: Approval of Zvi Guttman as Ch. 11 Trustee Sought
------------------------------------------------------------
Judy A. Robbins, the United States Trustee for Region 4, asks the
U.S. Bankruptcy Court for the District of Maryland to enter an
order approving the appointment of Zvi Guttman as Chapter 11
Trustee for City Homes III, LLC, and its debtor affiliates.

Prior to seeking the appointment of Mr. Guttman as the Chapter 11
trustee, the U.S. Trustee, through her Assistant U.S. Trustee and
attorneys, consulted (a) Irving E. Walker and David Dean, counsels
for the Debtor; (b) Kevin Maclay, counsel for the Official
Committee of Unsecured Creditors; and (c) John Kilgannon, Stevens
Lee firm, counsel for the Creditor, Pennsylvania National Mutual
Casualty Company, regarding the appointment.

Solicitation requests for trustee recommendations were also
transmitted to:

     (a) Joshua R. Taylor, Esq., at Steptoe & Johnson LLP, counsel
to CX Reinsurance Co., Ltd.;

     (b) John Patrick Gill, Esq. -- jpg@shapirosher.com -- Shapiro
Sher Guinot & Sandler, counsel to Harbor Bank of Maryland;

     (c) Mark Edelson, Esq., at Goldman and Goldman, counsel to
lead paint claimants;

     (d) Nicholas Szokoly, Esq., at Evan K. Thalenberg P.A.,
counsel to lead paint claimants; and

     (e) Wendy D. Pullano, Esq. -- wpullano@bregmanlaw.com --
Bregman, Berbert, Schwartz & Gilday, counsel to Maryland Department
of Housing and Community Development.

The United States Trustee will initially require Mr. Guttman to
post a bond in the amount of $150,000. That amount may be
subsequently adjusted as more information about the Debtors' assets
and financial circumstances becomes available.

Zvi Guttman, principal of the Law Offices of Zvi Guttman, P.A.,
assured the Court that the firm does not represent any interest
adverse to the estate of the Debtors or to any party in interest in
the cases.

Zvi Guzman can be reached at:

     Zvi Guttman, Esq.
     THE LAW OFFICES OF ZVI GUTTMAN, P.A.
     P.O Box 32308
     Baltimore, MD 21282
     Email: zvi@zviguttman.com

              About City Homes III, LLC

City Homes III, LLC fdba City Homes III Limited Partnership, based
in  Baltimore, MD, filed a Chapter 11 petition (Bankr. D. Md. Case
No.: 13-25370) on September 10, 2013.  The Hon. Robert A. Gordon
presides over the case. James A. Vidmar, Jr., Esq. at Yumkas,
Vidmar & Sweeney, LLC serves as bankruptcy counsel.

In its petition, the Debtor estimated $1,000,001 to $10,000,000 in
both assets and liabilities.  The petitions were signed by Barry
Mankowitz, president of City Homes, Inc., sole member.


CLIFFS NATURAL: Posts $174 Million Net Income for 2016
------------------------------------------------------
Cliffs Natural Resources Inc. filed with the Securities and
Exchange Commission its annual report on Form 10-K disclosing net
income attributable to Cliffs shareholders of $174.1 million on
$2.10 billion of revenues for the year ended Dec. 31, 2016,
compared to a net loss attributable to Cliffs shareholders of
$749.3 million on $2.01 billion of revenues for the year ended Dec.
31, 2015.

Fourth-quarter 2016 consolidated revenues of $754 million increased
58 percent from the prior year's fourth-quarter revenues of $476
million.  As a result of increased volumes sold, cost of goods sold
increased by 32 percent to $573 million compared to $433 million
reported in the fourth quarter of 2015.

For the fourth quarter of 2016, the Company recorded net income of
$81 million compared to a net loss of $58 million recorded in the
prior-year quarter.  The Company recorded net income attributable
to Cliffs' common shareholders of $79 million, compared to a net
loss attributable to Cliffs' common shareholders of $60 million
recorded in the fourth quarter of 2015.

As of Dec. 31, 2016, Cliffs Natural had $1.92 billion in total
assets, $3.25 billion in total liabilities and a total deficit of
$1.33 billion.

For the full-year 2016, adjusted EBITDA1 was $374 million, compared
to $293 million in 2015.

Lourenco Goncalves, chairman, president and chief executive
officer, said: "2016 was the year in which we finalized the
execution of the operational, commercial and financial actions
necessary to ensure Cliffs will have a great future.  Among the
actions accomplished last year are several new sales agreements
entered with clients, including the renewal of our long-term supply
contract with our largest customer, and a number of capital markets
transactions that were successfully executed to reduce debt and
extend our maturity runway."  Mr. Goncalves added: "Despite the
undeniable fact that the underlying business environment was far
from ideal during almost all of 2016, the environmentally compliant
and safety oriented performance of the Cliffs teams in the United
States and in Australia resulted in a very profitable year with
strong cash flow generation."  Mr. Goncalves concluded: "We are
excited about Cliffs and about our future.  A much more favorable
business environment in the U.S. and a newly adopted rational
behavior in the international iron ore market support the work we
have done internally in our company.  With a much lower debt
profile and extended maturities, and several new and more favorable
commercial agreements that we put in place in 2016, we expect
Cliffs to deliver strong and sustainable results in 2017."

                        Reporting Matters

Given that the Company anticipates running its mines at full
capacity going forward, Cliffs will provide more simplified
disclosures with respect to reporting operating cost performance at
its two business units.  Accordingly, the Company will no longer
separate cash cost of goods sold and operating expense rate into
"cash production cost per ton" and "non-production cash cost per
ton."  Idle cost was a significant component of non-production cash
cost in 2015 and 2016.

                       Debt and Cash Flow

Total debt at the end of the fourth quarter of 2016 was $2.2
billion, versus $2.7 billion at the end of the fourth quarter of
2015.  Fourth quarter cash and cash equivalents totaled $323
million, compared to $285 million at the end of the fourth quarter
of 2015.

At the end of the fourth quarter of 2016, Cliffs had net debt of
$1.8 billion, compared to $2.4 billion of net debt3 at the end of
the fourth quarter of 2015.

Capital expenditures during the quarter were $23 million, in line
with the prior-year quarter.  Full-year 2016 capital expenditures
were $69 million, a 15 percent reduction compared to $81 million in
the prior year.

Cliffs also reported depreciation, depletion and amortization of
$27 million in the fourth quarter of 2016.

                            Outlook

In 2017, Cliffs expects to generate $510 million of net income and
$850 million of adjusted EBITDA1.  This expectation is based on the
assumption that iron ore and steel prices will average levels
consistent with the full month of January throughout 2017.  In
future quarters, Cliffs anticipates continuing to update 2017 net
income and adjusted EBITDA1 guidance.

                         Segment Outlook

Consistent with the SEC's recent guidance on the presentation of
non-GAAP financial measures, the Company will be taking a more
robust approach to reconciling its non-GAAP measures.  Cliffs will
begin providing guidance for cost of goods sold and operating
expense rate including freight and venture partner's cost
reimbursements, which have offsetting amounts in revenue and have
no impact on sales margin.  

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

                     https://is.gd/gi42B1

                About Cliffs Natural Resources

Cliffs Natural Resources Inc. --
http://www.cliffsnaturalresources.com/-- is a mining and natural
resources company.  The Company is a major supplier of iron ore
pellets to the U.S. steel industry from its mines and pellet plants
located in Michigan and Minnesota.  Cliffs also produces
low-volatile metallurgical coal in the U.S. from its mines located
in West Virginia and Alabama.  Additionally, Cliffs operates an
iron ore mining complex in Western Australia and owns two
non-operating iron ore mines in Eastern Canada.  Driven by the core
values of social, environmental and capital stewardship, Cliffs'
employees endeavor to provide all stakeholders operating and
financial transparency.

On Jan. 27, 2015, Bloom Lake General Partner Limited and certain of
its affiliates, including Cliffs Quebec Iron Mining ULC commenced
restructuring proceedings in Montreal, Quebec, under the Companies'
Creditors Arrangement Act (Canada).  The initial CCAA order will
address the Bloom Lake Group's immediate liquidity issues and
permit the Bloom Lake Group to preserve and protect its assets for
the benefit of all stakeholders while restructuring and sale
options are explored.

Cliffs Natural reported a net loss attributable to Cliffs common
shareholders of $788 million on $2.01 billion of revenues for the
year ended Dec. 31, 2015, compared to a net loss attributable to
Cliffs common shareholders of $7.27 billion on $3.37 billion of
revenues for the year ended Dec. 31, 2014.

                          *    *     *

As reported by the TCR on April 19, 2016, Standard & Poor's Ratings
Services said it raised its corporate credit rating on
Cleveland-based Cliffs Natural Resources Inc. to 'CCC+' from 'SD'.

As reported by the TCR on Sept. 13, 2016, Moody's Investors Service
upgraded Cliffs Natural Resources Inc.'s Corporate Family Rating
(CFR) and Probability of Default Rating to Caa1 and Caa1-PD
respectively from Ca and Ca-PD respectively.  The upgrade reflects
the improving trends evidenced in Cliffs performance on
strengthened fundamentals in the US steel industry, the dominant
market for Cliffs iron ore pellets, and an improving order book as
well as the successful renegotiation of the contracts with
ArcelorMittal USA LLC, which had expiry dates of late 2016 and
early 2017.


COBALT INTERNATIONAL: Wellington Holds 10% Stake as of Dec. 30
--------------------------------------------------------------
Wellington Management Group LLP, Wellington Group Holdings LLP and
Wellington Investment Advisors Holdings LLP disclosed that as of
Dec. 30, 2016, they beneficially own 42,100,083 shares of common
stock of Cobalt International Energy, Inc. representing 10.09% of
the shares outstanding.  Wellington Management Company LLP also
reported beneficial ownership of 35,386,416 common shares as of
that date.  A full-text copy of the regulatory filing is available
for free at https://is.gd/oCH5c8

                       About Cobalt

Cobalt International Energy, Inc., is an independent exploration
and production company with operations currently focused in the
deepwater U.S. Gulf of Mexico.  In January 2016, the Company
achieved initial production of oil and gas from the Heidelberg
field.  The Company's exploration efforts in the U.S. Gulf of
Mexico have resulted in four oil and gas discoveries including the
North Platte, Shenandoah, Anchor, and Heidelberg fields, each of
which are in various stages of appraisal and development.  The
Company also has a non-operated interest in the Diaba Block
offshore Gabon.

The Company reported a net loss of $694.4 million in 2015, a net
loss of $510.8 million in 2014 and a net loss of $589 million
in 2013.  As of Sept. 30, 2016, Cobalt had $3.68 billion in total
assets, $2.70 billion in total liabilities and $983.8 million in
total stockholders' equity.

                         *     *     *

S&P Global Ratings lowered its unsolicited corporate credit rating
on U.S.-based oil and gas exploration and production (E&P) company
Cobalt International Energy to 'D' from 'CC', as reported by
the TCR on Dec. 14, 2016.


COLTEC INDUSTRIES: Hires Bates White as Asbestos Claims Consultant
------------------------------------------------------------------
OldCo, LLC fka Coltec Industries Inc., seeks authorization from the
U.S. Bankruptcy Court for the Western District of North Carolina to
employ Bates White, LLC as asbestos claims consultant, as of
January 30, 2017 Coltec petition date.

Coltec anticipates that Bates White will render consulting services
as needed throughout the Coltec Bankruptcy Case, including:

   (a) estimating the number and resolution cost of present and
       future asbestos personal injury claims;

   (b) rendering expert testimony as required by Coltec and as
       necessary in the Coltec Bankruptcy Case;

   (c) assisting Coltec in preparing expert testimony or reports,
       and in evaluating reports and testimony by other claims
       experts and consultants; and

   (d) such other advisory services as Coltec may request.

Bates White will be paid at these hourly rates:

       Dr. Charles Bates         $900
       Staff                     $175-$1,250

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

In the twelve months before the Coltec Petition Date, Bates White
received from Coltec or its affiliates a total of $150,000 in
payments for services rendered, including the payment on January
27, 2017 of a $150,000 retainer fee from Coltec to secure the
payment of fees and expenses.

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

Bates White can be reached at:

       Dr. Charles E. Bates
       BATES WHITE, LLC
       1300 Eye Street, NW, Suite 600
       Washington, DC 20005
       Tel: (202) 408-6110
       Fax: (202) 408-7838

                      About OldCo LLC

OldCo, LLC fka Coltec Industries, Inc., based in Charlotte, N.C.,
manufactures and distributes aerospace and industrial products in
the United States, Canada, and Europe. The Debtor filed a Chapter
11 bankruptcy petition (Bankr. W.D. N.C. Case No. 17-30140) on
January 30, 2017.  TThe petition was signed by Joseph Wheatley,
president and treasurer.

Bankruptcy Judge Craig J. Whitley is assigned to the case.

The Debtor is represented by Daniel Gray Clodfelter, Esq. and
William L. Esser, IV, Esq., at Parker Poe Adams & Bernstein LLP.
The Debtor also hired these other professionals: David M. Schilli,
Esq., and Andrew W.J. Tarr, Esq., at Robinson, Bradshaw & Hinson,
P.A. as special corporate & litigation counsel; Rust
Consulting/Omni Bankruptcy as claims, notice & ballot agent.

In its petition, the Debtor estimated $100 million to $500 million
in both assets and liabilities.


CONDADO RESTAURANT: Disclosure Statement Hearing Moved to April 26
------------------------------------------------------------------
The U.S. Bankruptcy Court in Puerto Rico moved the hearing on the
disclosure statement of Condado Restaurant Group Inc. and
Restaurant Associates of Puerto Rico, Inc. to April 26, at 2:00
p.m.

The hearing will take place at Jose V. Toledo Federal Building and
U.S. Courthouse, Courtroom No. 1, Second Floor, 300 Recinto, Sur,
Old San Juan, Puerto Rico.

The companies' Chapter 11 plan of reorganization proposes to pay
general unsecured creditors 75% of their allowed claims over 72
months.

                     About Condado Restaurant

Condado Restaurant Group, Inc. and Restaurant Associates of Puerto
Rico filed for Chapter 11 bankruptcy protection (Bankr. D. P.R.
Case Nos. 16-01329 and 16-01330) on February 24, 2016.  The
petitions were signed by Dayn Smith, president. The Debtors' cases
were consolidated on May 12, 2016 in lead Case No. 16-01329.

The Debtors are represented by Javier A. Vega Villalba, Esq., at
Weinstein Bacal & Miller, PSC. The Debtor hired Acosta & Ramirez as
financial consultant.

Condado Restaurant Group, Inc. estimated assets and liabilities at
between $1 million and $10 million. Restaurant Associates of Puerto
Rico, Inc. estimated assets at $100,000 to $500,000 and liabilities
at $1 million to $10 million.

On December 2, 2016, the Debtors filed a Chapter 11 plan of
reorganization and disclosure statement.  Under the plan, general
unsecured creditors will be paid 75% of their allowed claims over
72 months.


CONNECT TRANSPORT: Court OK's Expedited Ch. 11 Trustee Appointment
------------------------------------------------------------------
Judge Harlin DeWayne Hale of the U.S. Bankruptcy Court for the
Northern District of Texas entered an order granting the Expedited
Motion to Appoint a Chapter 11 Trustee for Connect Transport, LLC.,
et al., and its debtor affiliates.

The Order was made pursuant to the Debtors' Expedited Motion to
Appoint a Chapter 11 Trustee filed last January 24, 2017.

The Debtors in the Chapter 11 cases are: Murphy Energy Corporation;
Murphy Holdings, Inc.; Connect Terminals, LLC; Connect Transport,
LLC; MG Rolling Stock Land, LLC; Murphy Terminal, LLC; Big Rig
Tanker, LLC; Port Hudson Terminal, LLC; and Port Allen Terminal,
LLC.

Judge Hale notes that a Chapter 11 Trustee must be eligible to
serve as a Trustee if one or more of the cases are converted to
cases under Chapter 7 of the Bankruptcy Code.

The Order further reminds the United States Trustee and the Debtors
to take all steps reasonably necessary to effectuate the Order and
their related obligations.

           About Connect Transport

Privately-held Connect Transport, LLC, provides transportation,
storage, producer, and marketing services for crude oil, natural
gas liquids, and condensates.

Connect Transport and its affiliates filed for Chapter 11
bankruptcy protection (Bankr. N.D. Tex. Lead Case No. 16-33971) on
Oct. 4, 2016.

The affiliated debtors are Big Rig Tanker, L.L.C., MG Rolling Stock
Land, L.L.C., Murphy Energy Corporation, Murphy Holdings, Inc.,
Port Allen Terminal, LLC, Port Hudson Terminal, LLC, Murphy
Terminals, LLC, and Connect Terminals, LLC (Case Nos. 16-33972 to
16-33979).

Connect Transport estimated assets of $500,000 to $1 million and
liabilities of $50 million to $100 million. Murphy Energy Corp.
estimated $100 million to $500 million in both assets and
liabilities.

The Debtors tapped Dykema Cox Smith as legal counsel. Houlihan
Lokey Capital, Inc., serves as the Debtors' investment banker while
Kurtzman Carson Consultants LLC serves as claims and noticing
agent.

The U.S. Trustee has formed an Official Committee of Unsecured
Creditors. The Committee retained McCathern, PLLC, as counsel. The
Committee also retained GlassRatner Advisory & Capital Group, LLC,
as financial advisor.


CORE RESOURCE: Creditors' Committee Seeks Ch.11 Trustee Appointment
-------------------------------------------------------------------
The Official Committee of Unsecured Creditors of Core Resources
Management, Inc., filed a motion asking the U.S. Bankruptcy Court
for the District of Arizona to enter an order directing the
immediate appointment of a Chapter 11 Trustee for the Debtor.

The Committee further asks the Court to enter an order prohibiting
the Debtor's principals from accessing the Debtor's files or bank
accounts.

The Committee's counsel, Carolyn J. Johnsen, Esq., at Dickinson
Wright PLLC, in Phoenix, Arizona, asserts that immediate
appointment of a Chapter 11 Trustee was based on the current
financial condition of the Debtor, current management and counsel's
participation in and/or knowledge of fraudulent conduct, current
management and counsel's inability and/or refusal to comply with
the Bankruptcy reporting requirements and orders to produce
documents, and the counsel's failure to disclose a material
conflict of interest entailing his representation of the Debtor's
chief financial officer during the pendency of the case.

According to Ms. Johnson, a Chapter 11 Trustee can have access to
critical information, review and analyze the issues, benefit from
the research of the Committee and the advice of two expert
financial advisors.  The Committee believes it is well worth the
effort to have a Chapter 11 Trustee in place to see if there is a
recovery possible for the $3 million in debt probably created by
and certainly worsened by insider wrong-doing and mis- or non-
management.

The Official Committee of Unsecured Creditors is represented by:

         Carolyn J. Johnsen, Esq.
         Katherine A. Sanchez, Esq.
         DICKINSON WRIGHT PLLC
         1850 North Central Avenue, Suite 1400
         Phoenix, Arizona 85004
         Phone: (602) 285-5000
         Fax: (844) 670-6009
         Email: cjjohnsen@dickinsonwright.com
                ksanchez@dickinsonwright.com

                About Core Resources

Core Resources Management, Inc. was incorporated in Nevada on Feb.
17, 1999. The original company name was Apex Sports.com, Inc., and
then after through several name changes the company became, Direct
Pet Health Holdings, Inc. On Sept. 20, 2012, Direct Pet Health
Holdings, Inc., then merged with Clark Scott LLC with the resulting
corporation was named Core Resource Management, Inc being the
surviving entity. Since its inception, Core Resources has been
involved in the business of investing in cash flow positive
opportunities. Upon completion of this process, approximately, $5
million were raised for what was a startup oil and gas company with
no assets. The primary use case for the invested funds was to
purchase royalties and working interest of existing oil and gas
wells.

Core Resources sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Ariz. Case No. 16-06712) on June 13, 2016. The
petition was signed by Dennis Miller, chief operating officer. The
case is assigned to Judge Brenda K. Martin. Hauf PLC serves as
counsel to the Debtor.  Henry & Horne, LLP serves as financial
advisor.

At the time of the filing, the Debtor estimated its assets and
debts at $1 million to $10 million.

The U.S. Trustee on July 15, 2016, appointed three creditors to
serve in the official committee of unsecured creditors in the
Debtors' cases. Dickinson Wright PLLC serves as counsel to the
committee.


DAMAR HOLDINGS: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------------
The Office of the U.S. Trustee on Feb. 13 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Damar Holdings LLC.

Damar Holdings is represented by:

     Michael Patrick Coyle, Esq.
     The Coyle Law Group LLC
     6700 Alexander Bell Drive, Suite 200
     Columbia, MD 21046
     Tel: 410-884-3180
     Fax: 410-884-3104
     Email: mcoyle@thecoylelawgroup.com

                      About Damar Holdings

Damar Holdings LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Md. Case No. 17-10473) on January 12,
2017.  The petition was signed by David Rea, managing member.  The
case is assigned to Judge Lori S. Simpson.

At the time of the filing, the Debtor estimated its assets and
debts at $1 million to $10 million.


DAVID KENNETH LIND: Creditors Seek Ch. 11 Trustee Appointment
-------------------------------------------------------------
Matthew Dobbins and Lissa Dobins, creditors of David Kenneth Lind,
ask the U.S. Bankruptcy Court for the Eastern District of
California to enter an order directing the appointment of a Chapter
11 Trustee for the Debtor.

The Creditors are co-Trustees of the Matthew and Lisa Dobbins 2007
Family Trust dated July 18, 2007.  The Dobbins Trust is a
substantial creditor in the Chapter 11 bankruptcy case.

According to the creditors, it is unlikely that the Debtor will act
responsibly in liquidating his assets for the benefit of the
creditors. Therefore, it is necessary that a trustee be appointed
to do so.

Creditors Matthew and Lisa Dobbins are represented by:

         David M. Meegan, Esq.
         MEEGAN, HANSCHU & KASSENBROCK
         11341 Gold Express Drive, Suite 110
         Gold River, CA 95670
         Tel.: (916) 925-1800
         Fax: (916) 925-1265

The case is In re David Kenneth Lind (Bankr. E.D. Calif., Case No.
16-27672).


DEXTERA SURGICAL: PRIMECAP Management Reports 6.7% Equity Stake
---------------------------------------------------------------
PRIMECAP Management Company disclosed in an amended Schedule 13G
filed with the Securities and Exchange Commission that as of Dec.
31, 2016, it beneficially owns 600,450 shares of common stock of
Dextera Surgical Inc. representing 6.73 percent of the shares
outstanding.  A full-text copy of the regulatory filing is
available for free at https://is.gd/Pn0dTW

                   About Dextera Surgical Inc.

Dextera Surgical Inc., formerly Cardica, Inc., is focused on the
commercialization and development of microcutter product line
intended for use by surgeons.  The Company is engaged in
commercializing and developing MicroCutter XCHANGE 30 based on its
staple-on-a-strip technology for use by thoracic, pediatric,
bariatric, colorectal and general surgeons.  Its MicroCutter
XCHANGE 30 is a cartridge based microcutter device with around five
millimeter shaft diameter and around 30 millimeter staple line
cleared for use in the United States for specific indications for
use, and in the European Union for a range of indications for use.

Dextera reported a net loss of $15.98 million in 2015, a net loss
of $19.18 million in 2014 and a net loss of $16.96 million in
2013.  As of Sept. 30, 2016, Dextera had $12.06 million in total
assets, $8.43 million in total liabilities and $3.62 million in
total stockholders' equity.

BDO USA, LLP, in San Jose, California, 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 that raise substantial doubt about its
ability to continue as a going concern.


DIRECTORY DISTRIBUTING: FLSA Suit Moved to Missouri Court
---------------------------------------------------------
In a memorandum opinion and order dated Feb. 6, 2017, which is
available for free at https://is.gd/OW4oM5 from Leagle.com, Judge
Jeff Bohm of the U.S. Bankruptcy Court for the Southern District of
Texas granted Directory Distributing Associates, Inc.'s motion to
transfer Adversary Proceeding No. 16-03258 to the U.S. Bankruptcy
Court for the Eastern District of Missouri, St. Louis Division, and
denied the motion of Donald Walker, Eric Allen, Justin Cooper,
Regina Coutee, Brian Mathis, and the opt-in collective action
members to transfer venue to the U.S. District Court for the
Northern District of California.

On July 27, 2012, Donald Walker, et al., commenced proceeding in
the 269th Judicial District Court of Harris County alleging that
the Debtor, Richard Price, Steve Washington, Laura Washington,
Roland E. Schmidt, Sandy Sanders, and AT&T owed them unpaid wages
and overtime compensation under the Fair Labor Standards Act for
improper classification as independent contractors.  The class of
Plaintiffs was defined as "all current and former individuals
employed by [the Debtor] at any time during the period of Aug. 25,
2008, to the present who were classified as independent contractors
and hired to deliver AT&T telephone directories."  Through an
interlocutory order, the state court dismissed any non-Texas
plaintiffs from the suit for failure to satisfy Texas' venue
requirements.  The Plaintiffs appealed this order to the Texas
Supreme Court, where review of the appellate decision affirming the
order was denied on April 1, 2016.

In May 2016, a proceeding was filed in the California Court.  The
Plaintiffs contend that the California Proceeding is essentially
the same lawsuit as the Texas Proceeding but includes the non-Texas
plaintiffs who were dismissed from the Texas Proceeding as well as
Texas-based plaintiffs seeking damages for a different time than
described in the Texas Proceeding.

The Debtor initiated the main bankruptcy case by filing a Chapter
11 petition in the Missouri Court on Oct. 14, 2016.  On Nov. 23,
2016, all of the Defendants except AT&T removed the Texas
Proceeding to the Bankruptcy Court from the 269th Judicial District
Court of Harris County.  

On Nov. 23, 2016, the lawsuit styled Ervin Walker, et al. v.
Directory Distributing Associates, Inc., et al., Case No.
2011-50578, pending in the 269th Judicial District Court of Harris
County, Texas, was removed to the Texas Bankruptcy Court.  

The Plaintiffs sought to have the case transferred on the grounds
that there is an existing lawsuit pending in the California Court
-- James Krawczyk, et al. v. Directory Distributing Associates,
Inc. and AT&T Corp., Cause No. 3:16-cv-02531-vc -- that the
Plaintiffs contend is one-half of a Fair Labor Standards Act
collective action, with the other half being the Texas Proceeding.

The Debtor, one of the defendants in the Texas Proceeding, opposed
the Plaintiffs' request and instead sought to transfer the Texas
Proceeding to the U.S. Bankruptcy Court for the Eastern District of
Missouri, St. Louis Division, on the grounds that its Chapter 11
case is presently pending in the Missouri Court.  AT&T Corporation,
one of the other defendants in the Texas Proceeding, joined in the
Debtor's request to transfer venue to the Missouri Court.  

The Texas Bankruptcy Court found that the pending dispute is a core
proceeding pursuant to Section 157(b)(2)(A) because it affects the
administration of the Debtor's Chapter 11 estate.  The Texas
Bankruptcy Court's transfer of venue of the Texas Proceeding will
affect the administration of the Debtor's Chapter 11 case because,
among other things, the Texas Proceeding involves claims asserted
by the Plaintiffs against the Debtor, and these claims must
necessarily be liquidated, or at least estimated, in order for the
Debtor to obtain confirmation of any plan of reorganization that it
proposes and attempts to confirm in the Missouri Court.

The adversary proceeding is Ervin Walker, Donald Walker, Eric
Allen, Justin Cooper, Regina Coutee, Trent Jedkins, And Brian
Mathis, Plaintiffs, v. Directory Distribution Associates, Inc.,
AT&T Corporation, Richard Price, Stephen Washington, Laura
Washington, Roland E. Schmidt, and Wallace A. Sanders, Defendants,
Adversary No. 16-03258 (Bankr. S.D. Tex.).

Directory Distributing Associates, Inc., Debtor, is represented by
Robert E. Eggmann, Carmody MacDonald P.C., Christopher J. Lawhorn,
Carmody MacDonald P.C. & Thomas H. Riske, Carmody MacDonald P.C.

            About Directory Distributing Associates

Directory Distributing Associates, Inc., sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. E. D. Mo. Case No. 16-
47428) on Oct. 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.


DUER WAGNER: DIP Loan to be Settled in Exchange for Asset Transfers
-------------------------------------------------------------------
Duer Wagner III Oil & Gas LP and its debtor-affiliates filed with
the U.S. Bankruptcy Court for the Northern District of Texas a
first amended disclosure statement filed on Feb. 8, 2017, in
support of joint plan of reorganization.

Class 2 DIP loan and all outstanding amounts owing thereunder will
be satisfied, compromised, settled, and released in full exchange
for the transfer of certain assets, as defined in the settlement
motion, which set forth the terms of the proposed term sheet which
provided for among other things that:

   (i) the Debtors and its principal, Duer Wagner III, individually
and as the person in control of certain non-Debtors, agreed to
transfer, or cause to be transferred certain assets; and

  (ii) the senior secured parties agreed to fund certain
settlements approved by the senior secured parties that the Debtors
would negotiate with counterparties to the operating agreements
regarding outstanding joint interest billings owed to
counterparties in conjunction with the Debtors' request to assume
and assign certain operating agreements and transfer certain
related assets to the senior secured parties.

In accordance with the terms of the settlement motion, the Debtors
sought the use of financing to fund operator settlements.

In accordance with the compromise, the Debtors have reached
settlements with the majority of the most significant operators
thereby significantly reducing the cure costs associated with the
assumption and assignment of the applicable operating agreements
associated with those interests.  These settlements have
facilitated the senior secured parties' desire to take possession
of nearly all of the Debtors' working interests and significantly
reducing the general unsecured claims remaining in the cases.
Operator settlements have also increased the cash available to
satisfy holders of allowed unsecured claims.  As of the filing the
Amended Disclosure Statement, savings based on operator settlements
total approximately $1.9 million.  Cash available to satisfy
holders of allowed claims, taxes, operator expenses and
administrative claims is approximately $950,000.  The Debtors are
continuing work to reach resolutions with certain operators.

One of the most significant endeavors undertaken by the Debtors
have been the organizing, and negotiations regarding the actual
transfer and continued operation of the Debtors' assets to CLMG
pursuant to the terms of the compromise.  With approximately 1,500
specific assets located throughout the U.S., the transfer process
has been a tremendous undertaking.  It is expected that all
assignments of the transferred assets will be executed just prior
to or shortly after the Effective Date.  In conjunction with the
transfer of the transferred assets and pursuant to the CLMG
settlement, the Debtors, the senior secured parties, Wagner, and
the affiliated entities will exchange releases.  As of the date of
the filing of the Amended Disclosure Statement, substantially all
of the transferred assets have been assigned pursuant to the terms
of the CLMG settlement to the secured parties.

The First Amended Disclosure Statement is available at:

            http://bankrupt.com/misc/txnb15-41961-605.pdf

As reported by the Troubled Company Reporter on Sept. 16, 2016, the
Debtors filed with the Court a disclosure statement in support of
joint plan of reorganization, under which holders of allowed Class
6 General Unsecured Claims would be paid, pro rata, with all other
General Unsecured Claims from the remaining cash held by the
Debtors.  Upon the Effective Date, allowed administrative expense
claims, allowed priority tax claims and allowed priority claims
would be paid from the cash on hand of the Reorganized Debtors.
Neither the Debtors nor the Reorganized Debtors would have any
liability for any allowed administrative expense claims, allowed
priority tax claims and allowed priority claims beyond the cash
possessed by the Debtors on the Effective Date.  Upon final
resolution of all administrative expense claims, priority tax
claims and priority claims in accordance with the Plan, any surplus
funds remaining and not distributed on account of the claims will
be used to fund all other allowed claims.  Any cash remaining
following the payment of all allowed claims, other than the allowed
senior secured parties' unsecured claim, will be paid to the senior
secured parties in satisfaction of the senior secured parties'
unsecured claim.

                     About Duer Wagner III

Duer Wagner III Oil & Gas, LP, and its affiliates owned and
managed, but do not operate, approximately 1500 distinct oili and
gas interests, including, producing and non-producing acreage,
non-operating working interests, royalty interests, and overriding
royalty interests throughout Alabama, Arkansas, Colorado, Kansas,
Louisiana, Mississippi, Montana, New Mexico, North Dakota,
Oklahoma, Texas and Utah.

The Debtors each filed Chapter 11 bankruptcy petition in the
Northern District of Texas (Ft. Worth) on May 15, 2015.  The
petitions were signed by Roy E. Guinnup, manager of Duer Wagner III
& Partners, LLC, the general partner.

The cases are jointly administered under Case No. 15-41961.  The
Debtors are represented by Joshua N. Eppich, Esq., Hunter Brandon
Jones, Esq., and John Y. Bonds, III, Esq., at Shannon, Gracey,
Ratliff & Miller, LLP.

Duer Wagner III estimated assets of $1 million to $10 million and
debts of $100 million to $500 million.


EDGE FINANCIAL: To Pay Creditors Through Sale of Assets
-------------------------------------------------------
Edge Financial Group, Inc., filed with the U.S. Bankruptcy Court
for the Eastern District of Michigan a combined disclosure
statement and plan of liquidation filed on Feb. 8, 2017.

General unsecured claims, which appears to be made up of Underwood
Nursery's claim of $1,723.96, will be paid after all other allowed
claims have been paid.  This class is impaired by the Plan.

Construction Enterprises And Development, Inc., avers that it is
owed approximately $348,000, upon information and belief.  The
Debtor has disputed this amount.  The Debtor will escrow this
amount, plus an additional $50,000 for potential legal fees, from
the sale proceeds at Closing.  These monies will not be distributed
absent a final Bankruptcy Court Order, and will be escrowed at
Debtor's counsel's client trust account.  This class is impaired.
CED's lien rights, if any, will be preserved.

Al's Asphalt Paving Co., has asserted that it is owed $119,000,
upon information and belief.  The Debtor will escrow this amount,
plus an additional $10,000 for potential legal fees, from the sale
proceeds at Closing.  These monies will not be distributed absent a
final Bankruptcy Court Order, and will be escrowed at Debtor's
counsel's client trust account.  This class is impaired. Al's lien
rights shall be preserved.

The Debtor believes that its sale of assets will generate
sufficient funds to satisfy its obligations under the Plan.  Other
sources of cash may be explored and utilized by the Debtor to the
extent that the cash infusions are necessary to meet the
obligations of the Plan.

The Disclosure Statement is available at:

          http://bankrupt.com/misc/mieb16-55249-61.pdf

                   About Edge Financial Group

Edge Financial Group, Inc., sought Chapter 11 protection (Bankr.
E.D. Mich. Case No. 16-55249) on Nov. 10, 2016.  Judge Phillip J
Shefferly is assigned to the case.

The Debtor estimated assets at $100,000 to $500,000 and liabilities
at $1 million to $10 million.

The Debtor tapped Robert N. Bassel, Esq., as counsel.

The petition was signed by Ibri Shehu, sole shareholder.


EMERALD OIL: Indenture Trustee to Have $149.9MM Unsecured Claim
---------------------------------------------------------------
Emerald Oil, Inc., and affiliates filed with the U.S. Bankruptcy
Court for the District of Delaware their disclosure statement dated
Feb. 8, 2017, for their amended joint plan of liquidation.

Holders of Allowed Claims in Class 4 (General Unsecured Claims)
that vote to accept the Plan will receive their Pro Rata share of
the Cash held in the GUC Reserve, on account of those Claims.
Holders in Class 4 that vote to reject the Plan or abstain from
voting will not receive any distribution on account of the Allowed
Class 4 Claims.

Class 4 is impaired.  Holders of Class 4 Claims will recover 1% of
their allowed claims.  Holders of Class 2 Credit Facility Claims
are also impaired and will recover 0-1% of their allowed claims.

Under the Plan, the indenture trustee will have a Class 4 General
Unsecured Claim entitled to treatment as an Allowed Class 4 Claim
in the amount of $149,919,000 for all of its claims under the
convertible notes and convertible notes indenture, and all other
claims asserted by the indenture trustee will be deemed
disallowed.

Emerald issued those certain 2.0 percent Convertible Senior Notes
due 2019 pursuant to an Indenture dated March 24, 2014, between
Emerald and U.S. Bank, National Association, as indenture trustee.
The Convertible Notes, issued in the aggregate principal amount of
$172,500,000 (netting approximately $167 million in proceeds),
mature on April 1, 2019.  Interest on the Convertible Notes is
payable semi-annually on October 1 and April 1 of each year.  The
Convertible Notes are not guaranteed by the other Debtors.  On
October 22, 2015, the Debtors entered into an agreement with a
holder of the Convertible Notes pursuant to which the Debtors and
the noteholder agreed to exchange approximately $3 million
principal value of Convertible Notes for a number of shares of
common stock, thereby achieving a limited deleveraging.

The Plan proposes to fund creditor recoveries from the proceeds of
a Sale Transaction pursuant to which the Debtors sold substantially
all of the assets of the Estates.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/deb16-10704-1057.pdf

As reported by the Troubled Company Reporter on Jan. 10, 2017, the
Debtors filed with the Court their disclosure statement for their
joint plan of liquidation, dated Dec. 30, 2016, which, among
others, provided for the full and final resolution of certain
funded debt obligations.  Under that plan, the General Unsecured
Claims (Class 4) are impaired and are entitled to recover 1% of
their total allowed amount.  

                      About Emerald Oil

Emerald Oil, Inc., is a Denver-based independent exploration and
production company that is focused on acquiring acreage and
developing wells in the Williston Basin of North Dakota.

Emerald Oil, Inc., Emerald DB, LLC, Emerald NWB, LLC, Emerald WB
LLC and EOX Marketing, LLC filed separate Chapter 11 bankruptcy
petitions (Bankr. D. Del. Case Nos. 16-10704 to 16-10708) on March
22, 2016.  Ryan Smith signed the petitions as chief financial
officer.

The Debtors have hired Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as general bankruptcy counsel, Pachulski Stang
Ziehl & Jones LLP as local counsel, Intrepid Financial Partners,
LLC as investment banker, Opportune LLP as restructuring advisor
and Donlin Recano & Company, Inc., as claims and noticing agent.

Judge Kevin Gross has been assigned the cases.

Andrew Vara, acting U.S. trustee for Region 3, appointed seven
creditors of Emerald Oil, Inc., to serve on the official committee
of unsecured creditors.  The Committee retains Whiteford, Taylor &
Preston LLC as Delaware counsel, and Akin Gump Strauss Hauer &
Feld LLP as co-counsel.

Cortland Capital Market Services, LLC is represented by Joseph H.
Smolinsky, Esq., and David N. Griffiths, Esq., at Weil Gotshal &
Manges LLP, and Mark D. Collins, Esq., Zachary I. Shapiro, Esq.,
and Andrew M. Dean, Esq., at Richards Layton & Finger PA.


ENDLESS SALES: Case Summary & 10 Unsecured Creditors
----------------------------------------------------
Debtor: Endless Sales, Inc.
           dba Discount Forklift
           dba Discount Forklift Brokers
           dba Octane Forklifts
        4625 Colorado Blvd
        Denver, CO 80216

Case No.: 17-11037

Chapter 11 Petition Date: February 13, 2017

Court: United States Bankruptcy Court
       District of Colorado (Denver)

Judge: Hon. Elizabeth E. Brown

Debtor's Counsel: Jeffrey S. Brinen, Esq.
                  KUTNER BRINEN, P.C.
                  1660 Lincoln St., Ste. 1850
                  Denver, CO 80264
                  Tel: 303-832-2400
                  Email: jsb@kutnerlaw.com

                     - and -

                  Keri L. Riley, Esq.
                  KUTNER BRINEN, P.C.
                  1660 Lincoln St., Ste.1850
                  Denver, CO 80202
                  Tel: 303-832-2400
                  Fax: 303-832-1510
                  Email: klf@kutnerlaw.com

Total Assets: $2.56 million

Total Liabilities: $1.78 million

The petition was signed by Brian Firkins, president.

A copy of the Debtor's list of 10 unsecured creditors is available
for free at:

                 http://bankrupt.com/misc/cob17-11037.pdf


ERICKSON INC: Disclosures Okayed; Plan Hearing on March 21
----------------------------------------------------------
The U.S Bankruptcy Court for the Northern District of Texas has
approved Erickson Incorporated, et al.'s second amended disclosure
statement referring to the Debtor's second amended joint plan of
reorganization.

The plan confirmation hearing will commence on March 21, 2017, at
9:00 a.m. prevailing Central Time.

The last day for filing and serving objections to confirmation of
the Plan will be March 13, 2017, at 4:00 p.m. (prevailing Central
Time).

Briefs in support of confirmation of the Plan and responses to
objections to plan confirmation will be filed with the Court and
served upon those parties listed on the Confirmation Service List
by no later than March 17, 2017, at 4:00 p.m. prevailing Central
time.

Any and all objections to the assumption of any contract, including
without limitation any objection to the Debtors' proposed cure
amount or the provision of adequate assurance of future performance
pursuant to section 365 of the Bankruptcy Code, must be filed with
the Court by March 13, 2017, at 4:00 p.m. (prevailing Central
Time).

The Debtors will serve the cure notice by Feb. 15, 2017.

The last day for submitting a ballot accepting or rejecting the
Plan will be March 13, 2017, at 4:00 p.m. (prevailing Central
Time).

A report of the ballots received by the claims and balloting agent
and a tabulation of the votes accepting or rejecting the Plan will
be filed with the Court by March 17, 2017.

                        About Erickson

Founded in 1971, Erickson Incorporated --
http://www.ericksoninc.com/-- is a vertically-integrated    
manufacturer and operator of the powerful heavy-lift Erickson S-64
Aircrane helicopter, and is a leading global provider of aviation
services.

Erickson Incorporated, based in Portland, OR, and its affiliates
each filed a Chapter 11 petition (Bankr. N.D. Tex.; Erickson
Incorporated, Case No. 16-34393; Evergreen Helicopters
International, Inc., Case No. 16-34392; EAC Acquisition
Corporation, Case No. 16-34394; Erickson Helicopters, Inc., Case
No. 16-34395; Erickson Transport, Inc., Case No. 16-34396;
Evergreen Equity, Inc., Case No. 16-34397; Evergreen Unmanned
Systems, Inc., Case No. 16-34398) on Nov. 8, 2016.  The Hon.
Barbara J. Houser presides over the cases.  In its petition,
Erickson estimated $942.8 million in assets and $881.5 million in
liabilities.

The Debtors have hired Haynes and Boone, LLP, as counsel; Imperial
Capital LLC, as investment banker; Alvarez & Marsal as financial
and restructuring advisor; and Kurtzman Carson Consultants as
claims and noticing agent.


ERIN ENERGY: Has $100M Credit Facility with Mauritius Commercial
----------------------------------------------------------------
Erin Energy Corporation announced that it, together with its
subsidiary Erin Petroleum Nigeria Limited, has entered into a
three-year secured Pre-Export Finance Facility Agreement with The
Mauritius Commercial Bank Limited.  The Facility provides for a
total commitment of US$100 million and bears an interest rate of
three-month LIBOR plus a 6% margin.  The Facility will be repaid
under a sculpted amortization schedule beginning on June 30, 2017,
and ending on Dec. 31, 2019.

Daniel Ogbonna, senior vice president and chief financial officer
commented: "I am pleased to announce the signing of this facility.
This allows us to continue to invest in our offshore Nigeria
assets, which we believe will create attractive returns for our
shareholders."

The Facility will be used to fund EPNL's planned drilling of the
Oyo-9 well offshore Nigeria.  In connection with the new Facility
EPNL entered into an exclusive off-take agreement with Glencore
Energy UK Ltd. on Jan. 18, 2017, for EPNL's entire volumes of oil
arising from the Company's Oil Mining Leases 120 and 121.  The
Oyo-9 well is expected to add an additional 6,000-7,000 barrels of
oil per day to current Oyo field production.

The Facility is supported by a guarantee from The Standard Bank of
South Africa Limited (the SBSA Guarantee).  The SBSA Guarantee must
be entered into by the parties thereto as a condition precedent to
the initial drawdown on the Facility.  The Facility is subject to
further conditions to closing, as is customary with such
facilities.

In connection with the Facility, the Company, EPNL, the Lender and
EPNL's existing secured lender Zenith Bank PLC (Zenith) also
entered into an Override Deed (the Override Deed) that establishes,
inter alia, pro-rata rights of the Lender and Zenith in respect of
the proceeds from the Off-take Contract, sets out pro-rata sharing
of enforcement proceeds between the Lender and Zenith and grants
the necessary consents to EPNL to enter into the Facility and
related documents.

Canaccord Genuity Ltd. acted as financial advisor to Erin Energy in
regard to the Facility.

Additional details regarding the Facility, the Financing Support
Agreement and the Override Deed are available in the Company’s
Current Report on Form 8-K filed with the Securities and Exchange
Commission, a copy of which is available at https://is.gd/sDruvv

                       About Erin Energy

Houston, Texas-based Erin Energy Corporation is an independent oil
and gas exploration and production company focused on energy
resources in Africa.  The Company's strategy is to acquire and
develop high-potential exploration and production assets in Africa,
and to explore and develop those assets through strategic
partnerships with national oil companies, indigenous local partners
and other independent oil companies.  Erin Energy Corporation seeks
to build and operate a strategic portfolio of high-impact
exploration and near-term development projects with significant
production, reserves and resources growth potential.  The Company
has production and exploration projects offshore Nigeria, as well
as exploration licenses offshore Ghana, Kenya and Gambia, and
onshore Kenya.

Erin Energy reported a net loss attributable to the Company of
$451.5 million on $68.42 million of revenues for the year ended
Dec. 31, 2015, compared to a net loss attributable to the Company
of $96.06 million on $53.84 million of revenues for the year ended
Dec. 31, 2014.

As of Sept. 30, 2016, Erin Energy had $342.4 million in total
assets, $503.6 million in total liabilities and a total capital
deficiency of $161.2 million.

Grant Thornton LLP, Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company incurred net losses in
each of the years ended Dec. 31, 2015, 2014 and 2013, and as of
Dec. 31, 2015, the Company's current liabilities exceeded its
current assets by $314.8 million.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


ETERNAL ENTERPRISE: Unsecureds to be Paid in Full in Cash
---------------------------------------------------------
Eternal Enterprise, Inc., filed with the U.S. Bankruptcy Court for
the District of Connecticut a disclosure statement dated Feb. 8,
2017, pertaining to the Debtor's plan of reorganization dated Nov.
4, 2016.

Class 2 (Secured Claim - MDC) is unimpaired. Hartford Holdings LLC
has indicated that it has made payment on this claim.  The Debtor
said it cannot confirm with any documentation that this liability
has been satisfied or whether the obligation of the Debtor still
exists.  If Hartford Holding's fails to provide proof then its own
claim will be reduced by this amount.  The allowed amount,
exclusive of late charges and interest, will be paid 100% of their
Allowed Claim on the Effective Date of the Plan.

Class 3 (Secured Claim - Hartford Holdings, LLC) is impaired.  The
Debtor will pay the secured amount to Hartford Holdings at a
current market rate of 7.1% (the contract rate plus 1.5%) on a 30
year amortization with a five (5) year balloon payment, beginning
on the Effective Date.  The principal amount is expected to be
$8,443,750.71 as of March 31, 2017 (equal to 100% of the principal
balance owed on all properties), the monthly payment amount under
the Plan will be $56,744.70 with a balloon payment at the end of
five (5) years from refinancing of $7,270,038.  The claim shall be
increased by the claim of MDC in the amount of $102,841.46 with no
added interest or penalty if it has been satisfied by Hartford
Holdings.  This treatment of the claim is all-inclusive, and there
will be no amounts due under any personal guarantee of any
shortfalls, etc. and Hartford Holdings, LLC waives any such
rights.

Class 5 General Unsecured Claims is not impaired by the Plan.  The
holders of this class will be paid in full in cash on Effective
Date of the Plan or when due under contract or applicable
non-bankruptcy law.

Payments and distributions under the Plan will be funded by the
Debtor's receipts from business operations.  In addition, the
Debtor will retain all rights to any claims against its former
counselor Peter Ressler and his firm, agents, or assignees.  Any
future insurance proceeds from the fire that the Debtor may receive
after confirmation will go to the Debtor for the restoration of the
270 Laurel Street property.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/ctb14-20292-849.pdf

                    About Eternal Enterprise

Eternal Enterprises Inc. -- http://www.eternalenterprises.net/--
was initially started in 1997 for the purpose of managing and
owning low income apartment buildings in Hartford, Connecticut.
Since its inception the Debtor has been a family business primarily
operated by spouses, Vera Mladen and Dusan Mladen, and their son,
Goran Mladen.

The Debtor filed a Chapter 11 bankruptcy petition (Bankr. D. Conn.
Case No. 14-20292) on Feb. 19, 2014.  The petition was signed by
Vera Mladen, president.  The Debtor owns and manages eight
properties located in Hartford, Conn.  Judge Ann M. Nevins presides
over the case.  The Debtor is represented by Irene Costello, Esq.,
at Shipkevich, PLLC.  The Debtor estimated assets at $50,000 to
$100,000 and debt at $1 million to $10 million at the time of the
Chapter 11 filing.

The Debtor employs Vincent Vizzo of Vin Vizzo Adjusters LLC as
public adjuster.


EUGENE BOYLE: Selling Grosse Pointe Shores Property for $975K
-------------------------------------------------------------
Eugene H. Boyle Jr. asks the U.S. Bankruptcy Court for the Eastern
District of Michigan to authorize the sale of real property located
at 737 Lake Shore Rd., Grosse Pointe Shores, Michigan, to Jeffery
P. Torrice for $975,000, subject to higher or better offers.

In Schedule A, the Debtor listed his interests in real property.
Included in Schedule A is the property.  The Schedules indicate
that the property is valued at $975,000.  

Upon information and belief, First State Bank ("Bank") holds a
secured claim of $490,000 on the property.  Additionally, Babak and
Sara Seidarabi hold a secured claim of $125,000 on the property.

The Village of Grosse Pointe Shores ("GPS") holds a tax lien on the
property amounting to approximately $65,000.  However, the Debtor
is only liable for half of the lien, amounting to approximately
$32,500.  In addition to unpaid taxes, the Debtor and his ex-wife,
Catherine Metry Boyle, owe $3,600 in unpaid water bills.

The property is held in joint tenancy by the Debtor and Mrs. Boyle.
The Debtor holds equity in the property of approximately $97,500.

On Aug. 11, 2016, a "Judgment of Divorce" was entered in Eugene H.
Boyle, Jr. v. Catherine Metry Boyle, Case No. 14-109836-DM, pending
in Wayne County Circuit Court, Judge Martha M. Snow presiding.

Pursuant to the Judgment of Divorce, upon the sale of the property,
the Bank and the Seidarabis are to be paid first from the sale of
the property.  Thereafter, the proceeds are to be divided equally
between the Debtor and Mrs. Boyle.  According to the Judgment of
Divorce, the Debtor is required to pay certain unpaid property
taxes and the water bill.

However, the Debtor is appealing the Judgment of Divorce.  Further,
consistent with the Appeal, the Debtor plans to file an objection
to any and all claims of Mrs. Boyle.

On Jan. 25, 2017, the Buyer offered to purchase the property for
$975,000, and the Debtor has agreed to sell the property, subject
to the Court's approval.  The Debtor has signed a purchase
agreement, which was made contingent on court approval.  The
property will be sold "as is" by warranty deed, free and clear of
all liens, claims, and encumbrances.

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

          http://bankrupt.com/misc/Eugene_Boyle_23_Sales.pdf

In the event the Debtor is able to obtain a higher offer or an
offer that is more beneficial to the estate after the filing of the
Motion, the Debtor will execute a purchase agreement with the
higher offeror.  There will not be a "break-up fee" paid to the
purchaser identified on the Purchase Agreement.

The sale will result in payment in full of all liens against the
Debtor on the property.  Specifically the Bank, the Seidarabis, and
GPS will be paid in full.

The Debtor respectfully asks that the Court enters an order
authorizing the proposed sale of the property, pursuant to the
terms stated in the Purchase Agreement.

The Debtor also asks that the Court authorizes him to pay for, at
closing, any of the following: transfer taxes, title work, unpaid
property taxes, unpaid special assessments, unpaid water bills,
normal closing costs, and any costs associated with maintaining the
property, including, without limitation, lawn-cutting, property
insurance, landscaping, repairs, re-keying, and clean-up.

The Debtor asks that the Court orders that the net proceeds from
the sale be held in escrow pending resolution of the disputes
between the Debtor and Mrs. Boyle.

Finally, the Debtor asks that the Court waive the 14-day stay
period under Bankruptcy Rules 6004(h).

Counsel for the Debtor:

          David G. Dragich, Esq.
          Amanda C. Vintevoghel, Esq.
          THE DRAGICH LAW FIRM PLLC
          17000 Kercheval Ave., Suite 210
          Grosse Pointe Woods, MI 48230
          Telephone: (313) 886-4550
          E-mail: ddragich@dragichlaw.com
                  avintevoghel@dragichlaw.com

             About Eugene H. Boyle, Jr.

Eugene H. Boyle, Jr. sought Chapter 11 protection (Bankr. E.D.
Mich. Case No. 17-40376) on Jan. 12, 2017.

The Debtor estimated assets in the range of $500,001 to $1 million
and $1,000,001 to $10 million in debt.

The Debtor tapped David G. Dragich, Esq., at The Dragich Law Firm
PLLC as counsel.


FIDELITY & GUARANTY: Moody's Hikes Sr. Unsec. Debt Rating to Ba2
----------------------------------------------------------------
Moody's Investors Service has upgraded the senior unsecured debt
rating of Fidelity & Guaranty Life Holdings, Inc., a wholly-owned
subsidiary of Fidelity & Guaranty Life (FGL, NYSE:FGL, unrated) to
Ba2 from Ba3 and the insurance financial strength (IFS) rating of
FGLH's primary operating company, Fidelity & Guaranty Life
Insurance Company (FGLIC) to Baa2 from Baa3. The outlook on these
entities is now stable.

RATINGS RATIONALE

The upgrade is driven by the improvement in FGLIC's underlying
credit profile, as reflected in the company's growing market
position, especially in the fixed indexed annuity (FIA) space, as
well as its good profitability, and higher investment yield from
portfolio repositioning efforts. FGLIC has been able to balance the
healthy growth of its FIA business while expanding its footprint in
the indexed universal life (IUL) insurance market.

The rating agency noted that these strengths are offset by the
concentration of FGLIC's sales in FIAs, along with the associated
hedging and asset liability management challenges. FGLIC's sales
are likely to continue to be highly concentrated in annuity
products in the near-term. Additionally, the company's primary
distribution channel is via independent marketing organizations
(IMOs) which could be impacted by the Department of Labor's new
fiduciary rules, notwithstanding the recent movement to have the
rule delayed and potentially altered or rescinded.

According to Moody's, the upgrade is driven by the net positive
developments in FGLIC's credit profile, irrespective of whether or
not FGL is ultimately acquired by Anbang Insurance Group Co., Ltd
(not rated). The merger agreement deadline has been extended to
April 17, 2017, and under certain circumstances, may be further
extended until May 31, 2017. As a subsidiary of Anbang, Moody's
expects FGLIC's business strategy and risk profile to remain
essentially unchanged and the current management team and other key
employees to remain in place. If the deal with Anbang closes,
Moody's would expect to affirm the ratings of FGLH and FGLIC,
absent a change in the underlying credit profile of FGLH or FGLIC.

RATING DRIVERS

According to Moody's, the following could lead to an upgrade of
FGLH's and FGLIC's ratings: 1) sustained statutory return on
capital exceeding 6%; and 2) more balanced growth in profitably
priced new FIA business and life insurance. Conversely, the
following factors could result in a downgrade of FGLH's and FGLIC's
ratings: 1) adjusted financial leverage above 30%; 2) sustained
statutory return on capital less than 6%; 3) significant use of
reinsurance to finance growth; or 4) NAIC RBC ratio (company action
level) declines below 350%.

The following ratings were upgraded:

Fidelity & Guaranty Life Insurance Company -- insurance financial
strength rating to Baa2 from Baa3;

Fidelity & Guaranty Life Holdings, Inc. -- senior unsecured debt
rating to Ba2 from Ba3.

Outlook Actions:

Issuer: Fidelity & Guaranty Life Holdings, Inc

-- Outlook, Changed To Stable From Positive

Issuer: Fidelity & Guaranty Life Insurance Company

-- Outlook, Changed To Stable From Positive

FGLH is an insurance holding company headquartered in Des Moines,
Iowa. As of September 30, 2016, FGLH reported total assets of about
$27 billion and shareholders' equity of approximately $1.9
billion.

The principal methodology used in these ratings was Global Life
Insurers published in April 2016.


FLEMMING'S GRILL: Seeks to Hire Ballstaedt as Legal Counsel
-----------------------------------------------------------
Flemming's Grill Inc. seeks approval from the U.S. Bankruptcy Court
for the District of Nevada to hire legal counsel in connection with
its Chapter 11 case.

The Debtor proposes to hire The Ballstaedt Law Firm to prepare a
bankruptcy plan, evaluate claims, assist in the recovery and
liquidation of its assets, and provide other legal services

The firm's attorneys will be paid an hourly rate of $300 while its
paralegals will be paid $150 per hour.

Ballstaedt has no connection with the Debtor or any of its
creditors, according to court filings.

The firm can be reached through:

     Seth Ballstaedt, Esq.
     The Ballstaedt Law Firm
     9555 S. Eastern Ave, Suite 210
     Las Vegas, NV 89123
     Tel: (702) 715-0000
     Fax: (702) 666-8215
     Email: seth@ballstaedtlaw.com

                      About Flemming's Grill

Flemming's Grill Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Nev. Case No. 17-10358) on January 27,
2017.  The petition was signed by Flemming Larsen, president of
operation.  

At the time of the filing, the Debtor estimated assets of less than
$100,000 and liabilities of less than $50,000.


FORBES ENERGY: Sale of Aged Trucks and Trailers for $668K Approved
------------------------------------------------------------------
Judge David R. Jones of the U.S. Bankruptcy Court for the Southern
District of Texas authorized the private sale by Forbes Energy
Services Ltd., C.C. Forbes, LLC and TX Energy Services, LLC of
their excess, aged trucks and trailers, to Dealer Title Transfer,
Inc. and Auto Depots for $668,200.

     Tranche  CCF Trucks  TES Trucks  CCF Offer  TES Offer   Total
     -------  ----------  ----------  ---------  ---------   -----
        1        53           4       $364,000   $26,000   
$390,000
        2        47           1       $273,200   $ 5,000   
$278,200

The sale is free and clear of liens, claims, encumbrances, and
interests ("Interests").  Effective upon the Closing Date, any
Interests against the assets will attach to the proceeds of the
Purchase Agreements with the same extent, validity, priority and
effect, if any, as the Interests formerly had against the assets,
subject to the Debtors' ability to challenge the extent, validity,
priority and effect of the Interests (except to the extent such
ability is limited by any financing order).

The Debtors will use the proceeds of sale subject to and in
accordance with any order for use of cash collateral and budget.

Notwithstanding Bankruptcy Rules 6004 and 7062, the Order will be
effective and enforceable immediately upon entry and its provisions
will be self-executing, and the Motion or notice thereof will be
deemed to provide sufficient notice of the Debtors' request for
waiver of the otherwise applicable stay of the order.  The Order
will be effective immediately upon entry pursuant to Rule 7062 and
9014 of the Federal Rules of Bankruptcy Procedure.

                       About Forbes Energy

Alice, Texas-based Forbes Energy Services Ltd. (OTC Pink: FESL) --
http://www.forbesenergyservices.com/-- is an independent oilfield

services contractor that provides a broad range of
drilling-related
and production-related services to oil and natural gas companies,
primarily onshore in Texas and Pennsylvania.

The Company's balance sheet at Sept. 30, 2016, showed total assets
of $332.6 million, total liabilities of $337.0 million, $15.10
million series B senior convertible preferred shares, and a
stockholders' deficit of $19.57 million.

Forbes Energy Services Ltd. filed voluntary petitions for
reorganization under chapter 11 of the United States Bankruptcy
Code (Bankr. S.D. Tex. Lead Case No. 17-20023) on Jan. 22, 2017
for
itself and its principal subsidiaries pursuant to the terms of the
previously disclosed Restructuring Support Agreement with certain
holders of the Company's 9% senior unsecured notes due 2019.  

The Debtors' financial advisors is Alvarez & Marsal Holdings, LLC.

The Debtors' investment bankers is Jefferies LLC.  The Debtors'
corporate and securities counsel is Winstead PC.  The Debtors'
solicitation and balloting consultants is Kurtzman Carson
Consultants LLC.

The Debtors had $332.57 million in total assets and $337.03
million
in total debts as of Sept. 30, 2016.


FRESH & EASY: Selling Liquor License (No. 539658) for $20K
----------------------------------------------------------
Fresh & Easy, LLC, filed with the U.S. Bankruptcy Court for the
District of Delaware a notice that it will sell its Liquor License
(No. 539658) to California Fine Wine & Spirits, LLC for $20,000.

The objection deadline is Feb. 14, 2017 at 5:00 p.m. (ET).

On Dec. 3, 2015, the Court entered a Miscellaneous Asset Sale
Order, authorizing the Debtor to sell or transfer certain
miscellaneous assets pursuant to the procedures set forth in the
Miscellaneous Asset Sale Order.  Pursuant to the Miscellaneous
Asset Sale Order, the Debtor proposes to sell the Liquor License to
the Buyer pursuant to the Purchase Agreement.

The Debtor proposes to sell the Liquor License to the Buyer on an
"as is, where is" basis, free and clear of all liens, claims,
interests, and encumbrances.

A copy of the Purchase Agreement and Miscellaneous Asset Sale Order
attached to the Notice is available for free at:

        http://bankrupt.com/misc/Fresh_&_Easy_1853_Sales.pdf

The known parties holding liens or other interest in the Liquor
License are: (i) Wells Fargo Bank, National Association; (ii)
Womble Carlyle Sandridge & Rice LLP; (iii) California Department of
Alcoholic Beverage Control Headquarters; (iv) California State
Board of Equalization; (v) State of California Franchise Tax Board;
(vi) Pacific Union Land Company, Inc.; (vii) Gibson, Dunn &
Crutcher LLP; (viii) Richards, Layton & Finger, P.A.; and (ix) Dean
Vasquez.

If no objections are received by the Debtor by the Objection
Deadline, then the Debtor may proceed with the proposed sale in
accordance with the terms of the Miscellaneous Asset Sale Order.

                       About Fresh & Easy

Fresh & Easy, LLC, a chain of grocery stores in the Southwest
United States, filed a Chapter 11 bankruptcy petition (Bankr. D.
Del. Case No. 15-12220) on Oct. 30, 2015.  The petition was signed
by Peter McPhee, the CFO.  The Debtor estimated assets of $10
million to $50 million and liabilities of at least  $100 million.

Judge Christopher S. Sontchi is assigned to the case.

The Debtor has engaged Norman L. Pernick, Esq., Kate J. Stickles,
Esq., and David W. Giattino, Esq., at Cole Schotz P.C. as counsel;
Epiq Bankruptcy Solutions, LLC, as claims and noticing agent; DJM
Realty Services, LLC; and CBRE Group, Inc., as real estate
consultants; and FTI Consulting, Inc., as restructuring advisors.

The Official Committee of Unsecured Creditors hired Fox Rothschild
LLP and ASK LLP as counsel.

                          *     *     *

The Debtor has undertaken the process of liquidating the estate's
assets located at its retail locations and distribution center
with the assistance of Hilco Merchant Resources, LLC, and
Industrial Assets Corp., respectively, has engaged DJM Realty
Services, LLC, and CBRE, Inc., to market its leasehold interests,
and has recently engaged Hilco Streambank to assist with the
disposition of its intellectual property.

As part of the claims process, a bar date of Feb. 19, 2016, was
established by the Court for creditor claims.



GAVILAN RESOURCES: Moody's Assigns 'B3' Corporate Family Rating
---------------------------------------------------------------
Moody's Investors Service assigned ratings to Gavilan Resources,
LLC, including a B3 Corporate Family Rating (CFR) and a Caa1 rating
to its proposed $350 million senior secured second lien term loan
facility due 2024. Moody's also assigned an SGL-3 Speculative Grade
Liquidity Rating to indicate Gavilan's adequate liquidity through
2017. The outlook is stable.

On January 12, 2017, Gavilan and Sanchez Energy Corporation
(Sanchez, B3 stable) agreed to jointly purchase Anadarko Petroleum
Corporation's (Anadarko, Ba1 stable) Western Eagle Ford acreage,
including 169 million boe of proved reserves net to Gavilan's
interest, for approximately $2.3 billion. Proceeds from the
proposed senior secured second lien term loan facility, along with
borrowings under its revolving credit facility and an approximately
$700 million equity contribution from funds managed by Blackstone
Energy Partners (Blackstone, unrated), will be used to fund
Gavilan's approximately $1.13 billion portion of the acquisition.

"The acquisition and partnership with Sanchez provides Gavilan
substantial opportunity to grow its production and reserves. While
Gavilan is a start-up and will not operate its assets, the
company's low leverage and strong commodity price hedging profile
should allow it to fund much of its future development using
internally generated cash flow with limited reliance on revolver
borrowings through 2018," said John Thieroff, Moody's Vice
President - Senior Analyst.

Rating Assignments:

Corporate Family Rating, assign B3

Probability of Default Rating, assign B3-PD

$350 Million Senior Secured Second Lien Term Loan Facility, assign
Caa1 (LGD5)

Speculative Grade Liquidity Rating, assign SGL-3

Outlook action:

Outlook: Stable

RATINGS RATIONALE

Gavilan Resources, LLC's B3 CFR rating reflects the company's small
scale, narrow geographic focus, start-up nature, and non-operator
status. The rating also reflects Moody's expectation that the
company's organic growth will be financed primarily using
internally generated cash flow with limited reliance on its
revolving credit facility in 2017 and that the company should be
free cash flow positive in 2018. The B3 CFR rating is supported by
Gavilan's well-equitized capital structure, a strong hedge
portfolio over the next 24 months, support from a sophisticated and
well capitalized private equity sponsor with a strong track record,
and its partnership with an operator with extensive experience in
contiguous acreage and the same producing horizons within the
basin.

In accordance with Moody's Loss Given Default (LGD) methodology,
Gavilan's $350 million senior secured second lien term loan
facility is rated Caa1, one notch below the B3 CFR due to the
priority ranking of the $350 million revolving credit facility and
its first-priority claim to substantially all of Gavilan's assets.
Moody's expects the company to continue to utilize its revolving
credit facility to fund a portion of its capital spending program
over the next 12 to 18 months, which, along with the potential for
future borrowing base increases, supports this notching.

Gavilan's SGL-3 Speculative Grade Liquidity Rating reflects Moody's
expectation that the company will have adequate liquidity through
mid-2018, consisting primarily of $268 million of availability
under its $350 million revolving credit facility. The company
expects to moderately outspend cash flow in 2017 before turning net
cash flow positive in 2018. The revolving credit facility is
governed by two financial covenants: a current ratio of at least
1.0x, and a total net debt / EBITDAX ratio of less than 4.25x,
which will step down to 4.0x in Q4 of 2017. Moody's expects the
company to have sufficient headroom under these covenants, though
its leverage covenant may be somewhat pressured in mid-2017 before
the company's capital spending program begins to meaningfully
increase cash flows. The company's revolving credit facility
matures in 2022, while the senior secured term loan facility
matures in 2024. The senior secured term loan also allows for an
incremental upsize of up to $150 million. While Moody's does not
expect the company to utilize this incremental borrowing in the
near term, it may be used in the future if the company has
liquidity needs or if it pursues additional acquisitions.

The outlook is stable. Gavilan's rating could be upgraded if
production approaches 40,000 boe/pd while maintaining retained cash
flow to debt above 30%. A downgrade would be considered if
Gavilan's retained cash flow to debt falls below 10% or interest
coverage falls below 2x.

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


GIBSON ENERGY: Moody's Retains Ba2 Rating Over Propane Biz Sale
---------------------------------------------------------------
On Feb. 13, 2017, Gibson Energy Inc. (Ba2, Stable) announced its
intention to sell its Industrial Propane business for CAD412
million in cash to Superior Plus LP (unrated). Moody's Investors
Service considers this is credit positive because Gibson will use
the proceeds to reduce leverage, improve already good liquidity
(SGL-2) and improve its business risk profile. The rating is not
affected because Gibson's leverage will remain high after the
transaction and its distribution coverage is weak.

Gibson is a Calgary, Alberta based midstream energy company that is
engaged in the movement, storage, blending, processing, marketing
and distribution of crude oil, condensate, natural gas liquids
(NGLs), water, oilfield waste and refined products.


GIGA-TRONICS INC: Reports Third Quarter FY 2017 Results
-------------------------------------------------------
Giga-tronics Incorporated reported net sales for the third quarter
of fiscal 2017 of $3.2 million, a 29% decrease as compared to $4.5
million for the third quarter of fiscal 2016.  The decrease in
third quarter net sales over the prior year period was primarily
due to lower legacy product sales mainly due to recent product line
divestitures as well as lower sales associated with the Company's
new Advanced Signal Generator (ASG) product.  In the third quarter
of fiscal 2017 the Company recorded $764,000 of sales associated
with the ASG product compared to the $1.3 million recorded in the
third quarter of fiscal 2016.  The decrease in legacy product sales
were offset by an increase of the YIG filter shipments which
started shipping in the second quarter of fiscal 2017.

Net sales for the nine month period ended Dec. 24, 2016, were $11.0
million, a decrease of 7%, compared to $11.9 million for the nine
month period ended Dec. 26, 2015.  The decrease was primarily due
to lower legacy product sales described above which was
substantially offset by a $1.1 million increase in YIG filter
shipments and a $659,000 increase associated with the ASG product.


Net loss for the third quarter of fiscal 2017 was $575,000, or
$0.06 per fully diluted common share.  This compares to a net loss
for the third quarter of fiscal 2016 of $602,000, or $0.09 per
fully diluted common share.  Net loss for the nine month period
ended Dec. 24, 2016, was $1.1 million, or $0.11 per fully diluted
common share.  This compares to a net loss of $2.5 million, or
$0.40 per fully diluted common share for the nine month period
ended Dec. 26, 2015.  The reduction in net loss for the third
quarter of fiscal 2017 compared to the prior year period was
primarily due to lower operating expenses, including a reduction in
non-cash stock-based compensation and lower personnel related costs
as a result of the switch and legacy product line divestitures.
The lower net loss during the first nine months of fiscal 2017
compared to the prior year period was primarily due to an $802,000
gain associated with the sale of the switch product line during the
first quarter of fiscal 2017; lower legacy product margins due to
inventory transfers (as a result of the switch and legacy product
line divestitures); and lower operating expenses, including lower
personnel related costs due to the divestiture of the switch and
legacy product lines, a reduction in non-cash stock-based
compensation, and a reduction in consulting and other outside
services.

Non-GAAP net loss for the third quarter of fiscal 2017 was
$567,000, or $0.06 per fully diluted common share, compared to a
non-GAAP net loss for the third quarter of fiscal 2016 of $286,000,
or $0.04 per fully diluted common share.  Non-GAAP net loss for the
nine month period ended Dec. 24, 2016, was $970,000, or $0.10 per
fully diluted common share, compared to a non-GAAP net loss for the
nine month period ended Dec. 26, 2015, of $1.6 million, or $0.25
per fully diluted common share.  Non-GAAP net loss excludes
non-cash expenses associated with the derivative revaluation and
discount accretion of debt and warrant agreements as well as
stock-based compensation.

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.

William J. Thompson, the Company's Acting CEO, stated, "This
quarter we shipped our first ASG Threat Emulation System (TEmS).
This product is the culmination of a partnership that combines our
unique hardware capabilities with simulation software from a major
Prime Contractor.  We are encouraged by our continued penetration
in the benchtop Electronic Warfare market, and we continue to make
adjustments in the organization to optimize the opportunities for
our ASG product line as well as reduce costs to bring the company
to profitability."

Giga-tronics hosted a conference call on Feb. 6, 2017, to discuss
the third quarter results.

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

                     https://is.gd/8VCRWF

                      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.

                        Going Concern

The Company has experienced delays in the development of features,
orders, and shipments for the new Advanced Signal Generator.  These
delays have contributed, in part, to a decrease in working capital
from $1.8 million at March 26, 2016, to $1.2 million at Sept. 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 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 Sept. 24, 2016, the line of credit
had an outstanding balance of $800,000, and additional borrowing
capacity of $848,000.

These matters raise substantial doubt as to the Company's ability
to continue as a going concern.


GREAT LAKES: Plan Confirmation Hearing on March 28
--------------------------------------------------
The Hon. John T. Gregg of the United States Bankruptcy Court for
the Western District of Michigan has conditionally approved Great
Lakes Comnet, Inc., et al.'s disclosure statement referring to the
Debtors' joint plan of liquidation.

A hearing will be held on March 28, 2017, at 1:00 p.m. (ET).  The
deadline for filing and serving objections to the Disclosure
Statement and confirmation of the Plan will be March 23, 2017, at
4:00 p.m. (ET).

The plan proponents or any other party supporting approval of the
Disclosure Statement and confirmation of the Plan are authorized to
file responses to any objections no later than March 27, 2017, at
12:00 p.m. (ET).

The Debtors will complete, or cause to be completed, the
distribution of the solicitation or nonvoting packages to all
holders of claims or interests as well as parties-in-interest no
later than Feb. 14, 2017.

The deadline by which all Ballots must be properly executed,
completed, delivered to, and actually received by the voting agent
will be March 17, 2017, at 4:00 p.m. (ET).

The voting agent will file its Voting Report by March 21, 2017,
verifying the results of its voting tabulations reflecting the
votes cast to accept or reject the Plan.

Under the Plan, Class III General Unsecured Claims -- estimated at
$30,269,000 -- are impaired by the Plan.  Unsecured Claims will
receive pro rata share of $500,000 payment (plus the value of any
residual assets after conversion into cash).  The holders are
expected to recover 8% to 12%.

A Summary of the Plan is available at:

          http://bankrupt.com/misc/miwb16-00290-694.pdf

                    About Great Lakes Comnet

East Lansing, Michigan-based Great Lakes Comnet, Inc., owns and
operates a 6,500 mile fiber network serving the carrier and
enterprise sectors in Michigan, with the network extending to Ohio,
Indiana, Illinois, Wisconsin, and Minnesota.  GLC's services
include transport, dark fiber sales, cloud and datacenter
operations, toll resale, toll routes, local switching, tandem
switching and SS7.

GLC's tandem switch is used -- in conjunction with tandem transport
services provided by GLC and Westphalia Telephone Company to send
long distance calls from the network of one telecommunications
carrier to the network of another telecommunications carrier.  By
using the services provided by GLC and WTC, interexchange carriers
such as AT&T, are able to exchange interstate long distance calls
with local telecommunications service providers, namely, rural
Incumbent Local Exchange Carriers and competitive LECs, located
throughout Michigan, where the rural ILECs and CLECs operate "end
office switches" homing on GLC's tandem switch.

Comlink provides data and communication services, including
dedicated ultra-high-speed bandwidth data transmission, Ethernet
private line services and virtual private network services,
cloud-based and colocation data center services, and data
management services to Consumers Energy, several hospital systems,
municipalities and state correctional facilities.

Great Lakes Comnet, Inc. and Comlink, LLC filed Chapter 11
bankruptcy petitions (Bankr. W.D. Mich. Case Nos. 16-00290 and
16-00292, respectively) on Jan. 25, 2016.  The petitions were
signed by John Summersett as chief executive officer.  The Debtors
estimated both assets and debts in the range of $10 million to $50
million.

The Debtors have engaged Miller Canfield Paddock & Stone PLC as
counsel, Alix Partners LLP as restructuring advisors and Kurtzman
Carson Consultants, LLC as claims, balloting and noticing agent.


GRM BAY WASH: Unsecureds to Get 100% Over 60 Months
---------------------------------------------------
GRM Bay Wash, LLC, and GRM Bay Wash of DelMarva, LLC, filed with
the U.S. Bankruptcy Court for the District of Maryland a joint
disclosure statement dated Feb. 12, 2017, referring to the Debtors'
plan of reorganization.

Class 10 Claims will consist of the unsecured claims that aggregate
$37,887.70.  

In full and complete satisfaction, discharge and release of the
Class 10 Claims, the Allowed Unsecured Claims will receive cash
distributions from cash flow anticipated to represent a minimum of
100% of their face amount of the allowed claims in pro rata
distribution on their allowed amount over 60 months from the
Effective Date in adjustable monthly installments.

Subject to the use of any necessary revenues, cash distributions
from cash flow will be in the priority of payments required by
Title 11 and as demonstrated in greater detail by the pro forma(s)
which will later adjoin the Amended Disclosure Statement to the
Plan.

Accordingly, Class 10 Claims are not receiving all cash
distributions from cash flow, but rather only those cash
distributions which are more fully set forth in the pro forma(s)
referenced.

To the extent the Debtor's use of Revenues to fund any
unanticipated, necessary and ordinary operating expenses causes the
Debtor to pay the Class 10 Claims in arrears of the projected
return set forth in the pro forma(s) as discussed in the definition
of reserves, the Debtor will need become current with the cash
distributions contemplated within the pro forma(s) to the Class 10
Claims within two months from the shortage, or a default may be
appropriate under the Plan.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/mdb15-26725-153.pdf

                         About GRM Bay

GRM Bay Wash, LLC, and GRM Bay Wash of DelMarva, LLC, are owned by
Gary Middleton and Alice Middleton, a married couple.  The Debtor
was formed in 2000 and operates in P.G. County.  It has acquired
three car washes, known as and referenced as under the Plans as the
Beltsville Store, the Laurel Store and the Landover Store.  The
Co-Debtor has one car wash in Chincoteague Virginia.  The
Middeltons acquired the facilities over the years as the business
grew.

GRM Bay Wash, LLC (Case No. 15-26725) and GRM Bay Wash of DelMarva,
LLC (Case No. 15-26727) sought Chapter 11 protection (Bankr. D.
Md.) on Dec. 1, 2015.  The petition was signed by Gary R.
Middleton, managing member.  GERM Bay Wash estimated both assets
and debts at $1 million to $10 million.  GRM Bay Wash of DelMarva
estimated assets at $0 to $50,000 and liabilities at $500,000 to $1
million.  John Douglas Burns, Esq., at the Burns Law Firm LLC
serves as the Debtor's counsel.


H-D ACQUISITION: Wants Court to Approve Plan Outline
----------------------------------------------------
H-D Acquisition Corp., Inc., seeks authority from the U.S.
Bankruptcy Court for the Eastern District of Pennsylvania a motion
for approval of the Debtor's disclosure statement referring to the
Debtor's plan of reorganization.

On Dec. 20, 2016, the Debtor filed its plan of reorganization and
disclosure statement.

                       About H-D Acquisition

H-D Acquisition Corp., Inc., filed for Chapter 11 bankruptcy
protection (Bankr. E.D. Pa. Case No. 16-13648) on May 21, 2016.

Judge Ashely M. Chan presides over the case.

The Debtor estimated assets of $500,000 to $1 million and estimated
debts of $100 million to $500 million.

Robert M. Kline, Esq., serves as the Debtor's counsel.


IHEARTMEDIA INC: S&P Raises Rating to 'CCC' on Debt Exchange
------------------------------------------------------------
S&P Global Ratings said that it raised its credit rating on San
Antonio, Texas-based iHeartMedia Inc. and its subsidiary
iHeartCommunications Inc. to 'CCC' from 'SD' (selective default).
The rating outlook is negative.

At the same time, S&P raised its issue-level rating on
iHeartCommunications' senior unsecured notes due 2018 to 'CC' from
'D' (default).  The recovery rating on the unsecured notes is '6',
indicating S&P's expectation for negligible recovery (0%-10%) of
principal in the event of a payment default.

"We believe iHeartMedia may look to exchange debt at subpar levels
or repurchase debt at discounted levels in 2017, which we would
view as tantamount to default, based on our criteria," said S&P
Global Ratings' credit analyst Jeanne Shoesmith.  "We could lower
our ratings on the company if it announces a subpar debt tender
offer." Various tranches of debt at iHeartCommunications are
currently trading at roughly a 30%-60% discount to par.

"The negative rating outlook reflects the prospect that we could
downgrade iHeartMedia over the next 12 months if the company
undertakes a subpar debt repurchase or exchange, or if we believe
there is an increased risk of a payment default," said
Ms. Shoesmith.

S&P could lower its corporate credit rating on iHeartMedia if S&P
views a default as inevitable within the next six months, absent
any significantly favorable changes in the company's
circumstances.

S&P could raise the rating if the company's liquidity improves,
which would most likely occur if it raises additional equity or
executes deleveraging asset sales.  An upgrade would also likely
entail an improvement in the company's debt trading levels that
would preclude the possibility of subpar debt repurchases or
exchanges.



III EXPLORATION: Selling Western Uintah Basin Property for $51.5M
-----------------------------------------------------------------
III Exploration II, LP, asks the U.S. Bankruptcy Court for the
District of Utah to authorize the sale of substantially all of the
Debtor's Western Uintah Basin Property to Crescent Point Energy
U.S. Corp. or its designee for $51,500,000, subject to higher and
better offers.

As of the Petition Date, the Debtor essentially was a real property
holding company, holding a variety of working interests in
approximately 900 oil and gas leases in Utah, Colorado and North
Dakota ("Property") and generating the majority of its revenue
through sales of crude oil and natural gas extracted from the
Property by operators.

Prior to the Petition Date, the Debtor obtained financing from
certain lenders ("First Lien Lenders") pursuant to a senior secured
credit facility evidenced by that certain Credit Agreement, dated
Feb. 19, 2013, among the Debtor, as borrower, Wilmington Trust,
National Association ("First Lien Agent"), as successor
administrative agent to KeyBank National Association, and the First
Lien Lenders ("First Lien Facility").  The Debtor also obtained a
second priority secured financing from KeyBank, acting as
administrative agent for certain lenders ("Second Lien Lenders").
The obligations owing to the First Lien Lenders and Second Lien
Lenders are secured by a pledge of substantially all of the assets
of the Debtor.

Prior to the Petition Date, the Debtor explored a range of possible
restructuring options, including a refinancing, recapitalization or
a sale of some or all of the Debtor's assets outside of bankruptcy.
In connection with such process, the Debtor engaged Tudor
Pickering Holt & Co. ("TPH"), an investment bank focused on the
energy market.  The Debtor was unable to identify a workable
solution to improve its liquidity, solve the ongoing events of
default under the First Lien Facility and continue its current
operations.  As such, because the Debtor's existing capital
structure was unsustainable, the Debtor filed for chapter 11
protection and quickly sought debtor in possession financing.  The
financing that was available, however, was provided on the
condition that a substantial sale transaction be completed within
an expedited timeframe.

Thus, the Debtor commenced the chapter 11 case to effectuate a sale
of substantially all of its assets on a going concern basis.  The
Debtor, in consultation with TPH and the First Lien Lenders,
determined that given its leveraged financial position, its
diminishing revenue stream, and its conclusions about the valuation
of the Debtor's business and assets, the most effective way to
preserve the Debtor's going concern value for the benefit of all
constituencies would be an expedited sale of the Property following
a thorough marketing process.

On Aug. 11, 2016, the Debtor filed the Motion for Order Approving
Bid Procedures for Sale of Substantially All of the Debtor's
Assets.  On Aug. 23, 2016, the Court entered the Bid Procedures
Order approving the Bid Procedures by which the Debtor would
identify Potential Bidders for the Property, market the Property to
the Potential Bidders, elicit offers from the Potential Bidders,
and qualify offers from Potential Bidders ("Qualified Bid").
Potential Bidders that submitted a Qualified Bid would become
Qualified Bidders and be eligible to bid at the Auction for the
Property.

The Debtor, in consultation with TPH and approval of the First Lien
Agent, extended the sale process on two separate occasions in an
effort to maximize value and to accommodate Potential Bidders.

The sale process proceeded in accordance with this timeline:

          a. Virtual Data Room Opened: Aug. 24, 2016 - no change

          b. Stalking Horse Agreement Deadline: Oct. 10, 2016 to
Oct. 17, 2016

          c. Bid Deadline: Oct. 19, 2016 to Oct. 28, 2016

          d. Deadline for Debtor to notify Bidders if their Bids
have been determined to be Qualified Bids: Oct. 21, 2016 to Nov. 1,
2016

          e. Auction: Oct. 24, 2016 to Nov. 4, 2016

          f. Deadline to File Motion to Approve Sale and Assume
Contracts: Oct. 28, 2016 to Nov. 22, 2016

The sale timeline provided the Debtor with sufficient time to
solicit (and/or re-solicit) prospective purchasers in advance of
the proposed bid deadline, while respecting the necessity to
consummate a sale as quickly as possible to maximize the value
obtained for the Property for the benefit of the Debtor's estate.

Pursuant to the discretion afforded to the Debtor in the Bid
Procedures and in consultation with TPH, the Debtor divided the
Property into four separate lots: (i) the Western Uintah Basin
Property, (ii) the Eastern Uintah Basin Property, (iii) the North
Dakota Assets, and (iv) the Colorado Raton Property.

Bidding closed on Oct. 28, 2016, and the Debtor received 5 total
bids for various lots of Property.  Those that qualified became
Qualified Bidders and were permitted to participate in the Auction
scheduled for Nov. 4, 2016 at 10:00 a.m. at the offices of the
Debtor's counsel, Cohne Kinghorn, PC,
111 East Broadway, 11th Floor, Salt Lake City, Utah.

The Starting Bid for the operated Western Uintah Basin Property,
submitted by Crescent Point, was $41,500,000.  The bidding
proceeded between Ute Energy Exploration and Marketing, LLC and
Crescent Point until Crescent Point made its final bid at
$51,500,000 for the Western Uintah Basin Property.  Ute Energy then
made its final bid of $52,000,000 for the Western Uintah Basin
Property.  No higher bids were made, and the Debtor, after
consultation with the First Lien Agent, declared the $52,000,000
bid of Ute Energy as the winning bid for the Western Uinta Basin
assets, subject to the parties working out some ancillary issues in
a mutually acceptable Purchase and Sale Agreement regarding those
assets, and declared the $51,500,000 bid of Crescent Point as the
binding backup bid for the Western Uintah Basin Property pursuant
to the Bid Procedures.

Following the Auction, Ute Energy withdrew its bid of $52,000,000,
whereupon the backup bid of Crescent Point in the amount of
$51,500,000 became the winning bid.

In connection with the sale of the Western Uintah Basin Property,
the Debtor asks authority to assume and assign to Crescent Point
certain unexpired leases and executory contracts ("Assigned
Contracts").  The Debtor believes and asserts that the Cure Amount
is zero for each Assigned Contract.

A copy of the Purchase and Sale Agreement and the list of Assigned
Contracts attached to the Motion is available for free at:

      http://bankrupt.com/misc/III_Exploration_263_Sales.pdf

The Debtor has sound business reasons for the proposed sale of the
Western Uintah Basin Property to the Buyer.  The Debtor believes
that the value of its business and the Property would decline
rapidly if it were to run out of cash and be required to completely
cease business operations.  In particular, the Debtor has
significant ongoing expenses that will be reduced substantially
after the Sale closes.  Additionally, the proposed Sale depends on
the continued consent and cooperation from the First Lien Lenders.
They have required that the Sale be finalized promptly and a
distribution be made on account thereof without delay; and, in any
event, the First Lien Lenders as of the date of the filing of this
Motion require that the Sale close and a distribution be made by no
later than the end of February 2017.

The Debtor respectfully asks the Court to (i) approve the sale of
assets contemplated by the PSA free and clear of Interests; (ii)
approve the assumption and assignment of the Assigned Contracts by
the Buyer; (iii) waive the 14-day stay that would otherwise apply
by virtue of Fed. R. Bankr. P. 6004(h); (iv) authorize the Debtor
to distribute to the First Lien Lenders proceeds of the Sale at the
closing in an amount to be agreed upon by the Debtor and First Lien
Lenders; and (v) or such other and further relief as is just and
proper under the circumstances.

The Purchaser:

          CRESCENT POINT ENERGY U.S. Corp.
          555 17th Street, Suite 1800
          Denver, CO 80202
          Attn: Anthony Baldwin
          Manager Land & Business Development
          Telephone: (720) 880-3610
          E-mail: abaldwin@crescentpointenergy.com

The Purchaser is represented by:

          DAVIS GRAHAM & STUBBS, LLP
          1550 17th Street, Suite 500
          Denver, CO 80202
          Attn: Lamont C. Larsen
          Telephone: (303) 892-7473
          E-mail: Lamont.Larsen@dgslaw.com

                  About III Exploration II LP

III Exploration II LP and its general partner, Petroglyph Energy,
Inc., are headquartered in Boise, Idaho.  III Exploration II is
engaged in the exploration and production of oil and natural gas
deposits, primarily in the Uinta Basin in Utah.  III Exploration
also has an interest in approximately 42,100 undeveloped acres in
the Raton Basin located in Colorado, and participates in joint
ventures with respect to properties in the Williston Basin in
North
Dakota.

III Exploration filed a chapter 11 petition (Bankr. D. Utah Case
No. 16-26471) on July 26, 2016.  The petition was signed by Paul
R. Powell, president.  The Debtor estimated assets at $50 million
to
$100 million and debt at $100 million to $500 million.

The case is assigned to Judge R. Kimball Mosier.  

The Debtor tapped George Hofmann, Esq., Steven C. Strong, Esq.,
and Adam H. Reiser, Esq., at Cohne Kinghorn, P.C., to serve as its
general counsel; and A. John Davis, Esq., at Holland & Hart LLP to
serve as special counsel.  Tudor Pickering Holt & Co. has been
tapped as investment banker.  Donlin Recano & Company Inc. acts as
claims and noticing agent.


INTERPACE DIAGNOSTICS: Dimensional Fund Reports 0.1% Stake
----------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Dimensional Fund Advisors LP disclosed that as of
Dec. 31, 2016, it beneficially owns 1,745 shares of comon stock of
Interpace Diagnostics Group representing 0.1 percent of the shares
outstanding.

Dimensional Fund Advisors LP, an investment adviser registered
under Section 203 of the Investment Advisors Act of 1940, furnishes
investment advice to four investment companies registered under the
Investment Company Act of 1940, and serves as investment manager or
sub-adviser to certain other commingled funds, group trusts and
separate accounts (such investment companies, trusts and accounts,
collectively referred to as the "Funds").  In certain cases,
subsidiaries of Dimensional Fund Advisors LP may act as an adviser
or sub-adviser to certain Funds. In its role as investment advisor,
sub-adviser and/or manager, Dimensional Fund Advisors LP or its
subsidiaries may possess voting and/or investment power over the
securities of the Issuer that are owned by the Funds, and may be
deemed to be the beneficial owner of the shares of the Issuer held
by the Funds. However, all securities reported in this schedule are
owned by the Funds.  Dimensional disclaims beneficial ownership of
such securities.  

The Funds have the right to receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of the
securities held in their respective accounts.  To the knowledge of
Dimensional, the interest of any one such Fund does not exceed 5%
of the class of securities.  Dimensional Fund Advisors LP disclaims
beneficial ownership of all such securities.

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

                     https://is.gd/wPWMTg

                  About Interpace Diagnostics

Headquartered in Parsippany, New Jersey, Interpace Diagnostics
Group, Inc., is focused on developing and commercializing molecular
diagnostic tests principally focused on early detection of high
potential progressors to cancer and leveraging the latest
technology and personalized medicine for patient diagnosis and
management.  The Company currently has four commercialized
molecular tests: PancraGen, a pancreatic cyst molecular test that
can aid in pancreatic cyst diagnosis and pancreatic cancer risk
assessment utilizing the Company's proprietary PathFinder platform;
ThyGenX, which assesses thyroid nodules for risk of malignancy,
ThyraMIR, which assesses thyroid nodules risk of malignancy
utilizing a proprietary gene expression assay.

Interpace reported a net loss of $11.35 million in 2015 following a
net loss of $16.07 million in 2014.

As of Sept. 30, 2016, the Company had $45.96 million in total
assets, $47.44 million in total liabilities and a total
stockholders' deficit of $1.47 million.

BDO USA, LLP, in Woodbridge, New Jersey, 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 continuing operations that raise substantial doubt
about its ability to continue as a going concern.


ION GEOPHYSICAL: Incurs $65.1 Million Net Loss in 2016
------------------------------------------------------
ION Geophysical Corporation reported a fourth quarter 2016 net loss
of $6.51 million, or $(0.55) per share, on revenues of $35.4
million, compared to a net loss of $5.5 million, or $(0.51) per
share, on revenues of $77.5 million in fourth quarter 2015.
Excluding special items, the Company's fourth quarter 2016 adjusted
net loss was $11.6 million, or $(0.99) per share.  No special items
impacted fourth quarter 2015.

The Company reported an Adjusted EBITDA for fourth quarter 2016 of
$6.6 million, compared to $18.4 million one year ago.  A
reconciliation of Adjusted EBITDA to the closest comparable GAAP
numbers can be found in the tables of this press release.

The Company consumed $(9.9) million of cash in fourth quarter 2016,
compared to $(3.3) million in the prior year period.  The fourth
quarter 2016 net cash included a $20.8 million payment related to
the WesternGeco patent litigation and a $5.0 million repayment
under the revolving credit facility.  Excluding these items, the
Company generated positive net cash during the quarter of $15.9
million.

As of Dec. 31, 2016, ION Geophysical had $313.21 million in total
assets, $259.81 million in total liabilities and $53.39 million in
total equity.

Brian Hanson, the Company's president and chief executive officer,
commented, "As anticipated, 2016 was another challenging year for
us and our industry.  Oil prices remained low and E&P spending
decreased approximately 22% from 2015 levels.  While the revenue we
recognized during the fourth quarter was below our expectations, we
closed a significant amount of new deals related to our 3D
multi-client Campeche reimaging program in partnership with
Schlumberger, increasing our backlog as we move into 2017. Our
multi-client new venture programs and data processing backlog
increased to $34 million at year-end, compared to $19 million at
year-end 2015.  This increase in backlog should translate to higher
new venture revenues in the first quarter 2017, compared to the
first quarter 2016.

"We are now fully benefiting from the $95 million of cost
reductions we have implemented over the past two years and believe
we have rightsized our business to reflect 2016 market conditions.
This is evidenced by the fact the business generated cash in the
fourth quarter and was cash flow break-even for the full year after
excluding special items in both periods related to our litigation
payment to WesternGeco and our bond exchange.  We continue to
believe our current liquidity, coupled with our operational and
financial restructurings, will enable us to weather this severe
industry downturn.

"We believe that the E&P industry reached the bottom of the cycle
during 2016, as we are starting to see leading indicators of
recovery.  Tenders have started picking up in the OBS market and we
are seeing renewed interest in underwriting new venture programs
for the first time in two years.  However, we expect growth in
seismic spending to lag behind some other segments of the oil and
gas sector.

"We believe 2017 will be a transition year for ION as the market
starts to recover later in the year, and as usual, believe the
first half will be softer than the back half.  Due to our past
rightsizing initiatives, we should be able to run our business
through 2017 and position ourselves for a recovery in our area of
the industry in 2018.  We have been able to maintain our
capabilities, our workforce and our R&D programs and we are
actively positioning ourselves to take full advantage of a more
normal 2018."

For the full year 2016, the Company reported a net loss of $65.1
million, or $(5.71) per share, on revenues of $172.8 million,
compared to a net loss of $25.1 million, or $(2.29) per share, on
revenues of $221.5 million in 2015.  Excluding special items in
both periods, the Company's adjusted net loss was $66.1 million, or
$(5.80) per share, compared to an adjusted net loss of $118.7
million, or $(10.83) per share in 2015.

Full year 2016 Adjusted EBITDA was $10.5 million, compared to
$(41.6) million in 2015.  For the full year 2016, the Company
consumed net cash of $(32.3) million, compared to $(88.7) million
in 2015.  The full year 2016 net cash included a $21.7 million
payment related to the second quarter bond exchange and related
fees, the fourth quarter patent litigation payment of $20.8 million
and net borrowings of $10.0 million under the revolving credit
facility.  Excluding these items, the Company's net cash was
slightly positive for the year.

The Company's cash balance, excluding borrowings under the
revolving credit facility at Dec. 31, 2016, was $42.7 million.  The
Company had outstanding borrowings of $10.0 million and $15.2
million of remaining availability on its maximum $40.0 million
revolving credit facility at Dec. 31, 2016.  The remaining
available amount has been reduced due to a decline in the eligible
receivables that collateralize the facility.

"The Company has been named in various other lawsuits or threatened
actions that are incidental to its ordinary business.  Litigation
is inherently unpredictable.  Any claims against the Company,
whether meritorious or not, could be time-consuming, cause the
Company to incur costs and expenses, require significant amounts of
management time and result in the diversion of significant
operational resources.  The results of these lawsuits and actions
cannot be predicted with certainty.  Management currently believes
that the ultimate resolution of these matters will not have a
material adverse impact on the financial condition, results of
operations or liquidity of the Company," as disclosed in the Annual
Report.

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

                      https://is.gd/C1EjfN

                      About ION Geophysical

Headquartered in Delaware, ION Geophysical is a global,
technology-focused company that provides geoscience technology,
services and solutions to the global oil and gas industry.  The
Company's offerings are designed to allow oil and gas exploration
and production companies to obtain higher resolution images of the
Earth's subsurface during E&P operations to reduce their risk in
exploration and reservoir development.

                           *    *     *

As reported by the TCR on Oct. 10, 2016, S&P Global Ratings raised
the corporate credit rating on ION Geophysical Corp. to 'CCC+' from
'SD'.  The rating action follows ION's partial exchange of its
8.125% notes maturing in 2018 for new 9.125% second-lien notes
maturing in 2021.

In May 2016, Moody's Investors Service affirmed ION Geophysical's
'Caa2' Corporate Family Rating, and affirmed and appended its
Probability of Default Rating (PDR) at 'Caa2-PD/LD'.


JEFF BENFIELD: Court Denies SiteOne's Bid for Relief from Stay
--------------------------------------------------------------
The Hon. J. Craig Whitley of the U.S. Bankruptcy Court for the
Western District of North Carolina denied SiteOne Landscape Supply,
Inc.'s motion for relief from automatic stay imposed in the Chapter
11 case of Jeff Benfield Nursery, Inc.

SiteOne sought relief from the automatic stay, alleging: (a) that
the Debtor waived the protections of the stay in the Grow
Contracts; (b) that SiteOne is the owner of the trees planted
pursuant to the Grow Contracts, such that it is a bailor of the
goods while the Debtor is a bailee; and (c) that the Debtor has
breached the terms of the Grow Contracts by failing to properly
care for the trees.

On Oct. 28, 2013, the Debtor entered into a "Contract Grow
Agreement" with Shemin Nurseries, Inc., a wholesale distributor of
nursery stock.  The Debtor entered into a second "Contract Grow
Agreement" with Shemin on or about April 9, 2015.  Pursuant to the
2013 Agreement and the 2015 Agreement, the Debtor was to plant and
grow designated varieties and quantities of trees for Shemin on two
tracts of leased land, in return for certain fees over two
separate, four-year terms.  SiteOne asserted that it subsequently
acquired Shemin, and is its successor in interest under the 2013
Agreement and the 2015 Agreement.  The Grow Contracts provide that
SiteOne will purchase and deliver trees to be planted on the
Debtor's leased properties.  The Grow Contracts require that at the
end of their four-year terms, the Debtor must repay SiteOne an
amount equal to all Planting Costs and all maintenance costs
incurred by SiteOne, but not already applied towards post-harvest
final costs, unless the same are reimbursed to SiteOne through
insurance or otherwise.

The Debtor and PNC Bank, N.A., which asserts a secured claim in the
Debtor's bankruptcy case of approximately $6.1 million and which
asserts that its blanket lien extends to the trees grown on the
Contract Farms, objected to the stay relief motion, arguing that
SiteOne's assertion of title to the disputed crops is incorrect,
and that the Grow Contracts are financing arrangements governed by
the Uniform Commercial Code rather than bailment agreements.  They
contended that any interest SiteOne or other creditors may claim in
the disputed goods is adequately protected so that there is no
cause to grant relief from the automatic stay.

The Court concluded that the alleged prepetition waiver of the stay
is unenforceable, the Grow Contracts do not create a bailment, the
Grow Contracts are disguised financing arrangements, it remains to
be determined whether SiteOne has a perfected security interest,
and SiteOne's interest in the collateral, if any, is adequately
protected.

With respect to SiteOne's allegation that its interest in the
Collateral is not adequately protection, the Court held that any
additional allegations that the Debtor's current financial
situation poses a threat to the crops' value are mitigated by the
fact that the trees have now entered their dormant season and will
require less maintenance over the coming winter months.  The
Debtor's owner, Jeff Benfield testified that the trees growing on
the Contract Farms are estimated to increase by an average of 5% in
the coming spring season and an additional 5% in the subsequent
fall season.  These increases in value are also reflected in the
"Cost Cap Schedules" attached to the Grow Contracts, which show a
steady rise in the dollar price cost cap for each plant variety
growing on the Contract Farms, the Court noted.  Since the record
demonstrates that the Debtor has maintained the disputed trees and
their value is increasing rather than decreasing, all of the
creditors' competing interests in the property are adequately
protected, the Court held.  Therefore, the Court concludes there is
no cause for stay relief, even if it is subsequently determined
that SiteOne has an enforceable security interest.

Judge Whitley's Order dated January 24, 2017, is available at
https://is.gd/9Iubi3 from Leagle.com.

The bankruptcy case is In Re Jeff Benfield Nursery, Inc., Case No.
16-40375 (Bankr. W.D.N.C.).

Jeff Benfield Nursery, Inc., Debtor, is represented by Richard S.
Wright, Moon Wright & Houston, PLLC.

SiteOne is represented by David A. Wender, Esq.

PNC is represented by Constance L. Young, Esq.

Century Services LP is represented by Felton E. Parrish, Esq.

The Internal Revenue Service is represented by James M. Sullivan,
Esq.

United States Bankruptcy Administrator for the Western District of
North Carolina is represented by Linda W. Simpson, Esq.

                About Jeff Benfield Nursery, Inc.

Headquartered in Marion, North Carolina, Jeff Benfield Nursery,
Inc., operates a commercial wholesale nursery, growing trees,
shrubs, and similar agricultural products on approximately 1,000
acres in McDowell and Avery Counties.  The Debtor, which was formed
in 1989, has 30 regular employees and additional seasonal workers.

Jeff Benfield Nursery, Inc. filed a chapter 11 petition (Bankr.
W.D.N.C. Case No. 16-40375) on Aug. 26, 2016.  The petition was
signed by Jeffrey L. Benfield, president.  The case is assigned to
Judge J. Craig Whitley.  The Debtor is represented by Richard S.
Wright, Esq., at Moon Wright & Houston, PLLC.  The Debtor estimated
assets at $10 million to $50 million and liabilities at $1 million
to $10 million at the time of the filing.

The Company previously sought bankruptcy protection in 2009 (Case
No. 09-40311), and its plan of reorganization was confirmed in an
order entered on June 10, 2010.


KEMET CORP: Dimensional Fund Holds 5.2% Equity Stake as of Dec. 31
------------------------------------------------------------------
Dimensional Fund Advisors LP reported in a Schedule 13G filed with
the Securities and Exchange Commission that as of Dec. 31, 2016, it
beneficially owns 2,426,049 shares of common stock of KEMET Corp
representing 5.24 percent of the shares outstanding.  A full-text
copy of the regulatory filing is available for free at:

                     https://is.gd/lBwAGt

                          About KEMET

KEMET, based in Greenville, South Carolina, is a manufacturer and
supplier of passive electronic components, specializing in
tantalum, multilayer ceramic, film, solid aluminum, electrolytic,
and paper capacitors.  KEMET's common stock is listed on the NYSE
under the symbol "KEM."

KEMET reported a net loss of $53.6 million on $735 million of net
sales for the fiscal year ended March 31, 2016, compared with a
net loss of $14.1 million on $823 million of net sales for the
fiscal year ended March 31, 2015.

As of Dec. 31, 2016, Kemet Corporation had $662.5 million in total
assets, $572.1 million in total liabilities and $90.44 million in
total stockholders' equity.

                           *     *     *

KEMET carries a 'Caa1' corporate family rating, with stable
outlook, from Moody's and a 'B-' issuer credit rating with stable
outlook from Standard and Poor's.


LEHR CONSTRUCTION: JKL Loses Bid to Pursue Subcontractor Claims
----------------------------------------------------------------
Judge Alison J. Nathan of the U.S. District Court for the Southern
District of New York affirmed the U.S. Bankruptcy Court for the
Southern District of New York's decision to deny appellant J.K.L.
Sales, Inc.'s motion for an extension of time to file a notice of
appeal regarding its motion to reinstate its claim against the Lehr
Construction Corporation bankruptcy estate.

The Debtor hired J.KL Sales in 2007 as a subcontractor for a
project known as the Chapin School.  J.K.L. Sales stopped working
on the project when the Debtor failed to remit payment.  J.K.L.
Sales subsequently filed a mechanic's lien in the amount of
$447,049.41.  The Debtor purchased a bond in 2008 to discharge the
mechanic's lien.  Travelers Casualty and Surety Company acted as a
surety on the bond.

In 2012, after the Debtor had filed for bankruptcy and J.K.L. Sales
had filed a claim against the estate in that court, J.K.L. Sales
filed an action in state court to foreclose on the bond.  In order
to proceed with the state court action, J.K.L. Sales needed to
obtain stay relief from the Bankruptcy Court.  J.K.L Sales and the
bankruptcy trustee, Jonathan L. Flaxer, entered into a stipulation
providing J.K.L. Sales with the required stay relief, but only if
J.K.L. Sales agreed to waive any claims it had against the
bankruptcy estate.  The bankruptcy judge signed off on this
stipulation.

After this first stipulation and order was signed, J.K.L Sales
determined that its original state court action was stale, so it
commenced a second action in state court to foreclose on the bond.
The parties again entered into a stipulation that granted relief
from the stay "to allow J.K.L. to commence the Second Foreclosure
Action against Lehr," but only if J.K.L. Sales agreed to "waive[]
any and all claims it ha[d] or may have [had] against the Debtor's
bankruptcy Estate."  The bankruptcy judge signed the stipulation on
Feb. 28, 2014.

J.K.L. Sales then lost its state court litigation.  On Aug. 14,
2015, the state court granted summary judgment in favor of
Travelers as surety for the Debtor.  The state court accordingly
dismissed the case, noting that Bankruptcy Court "modified the
automatic stay to allow this action to proceed, on the condition
that . . . the plaintiff waived all claims against Lehr."

On Feb. 5, 2016, J.K.L. Sales filed a motion with the Bankruptcy
Court to reinstate its claim against the bankruptcy estate.  On
March 8, 2016, the Bankruptcy Court denied J.K.L. Sales motion.
J.K.L. Sales had 14 days or until March 22, 2016, to file a notice
of appeal from this decision.  J.K.L. Sales did not file a notice
of appeal by that date.  Instead, on April 7, 2016, J.K.L. Sales
filed a motion to extend the time to file a notice of appeal.  The
trustee opposed the motion.  On May 2, 2016, the Bankruptcy Court
denied the motion to extend the time to file an appeal.  J.K.L.
Sales then filed a notice of appeal with this Court on May 31,
2016.

In its briefing before this Court, J.K.L. Sales argued that
excusable neglect existed for two reasons: (1) J.K.L. Sales'
counsel did not know the relevant timeframe for filing bankruptcy
appeals, and (2) J.K.L. Sales' counsel has Parkinson's disease.

The District Court concludes that, because J.K.L. Sales failed to
demonstrate excusable neglect, the Bankruptcy Court did not abuse
its discretion in denying the motion for an extension of time.  The
Clerk of Court is directed to close this case.   

The memorandum and order dated February 2, 2017, is available at
https://is.gd/Y9GBze from Leagle.com.

The appeals case is Lehr Construction Corp., Debtor, J.K.L. Sales,
Inc., Appellant, v. Jonathan L. Flaxer, Appellee, Case No.
16-cv-4048 (AJN) (S.D.N.Y.).

J.K.L. Sales, Inc., Appellant, is represented by William Stratton
Neal, Esq., at The Neal Law Offices.

Jonathan L. Flaxer, Appellee, is represented by Jonathan Laurence
Flaxer, Esq., at Golenbock Eiseman Assor Bell & Peskoe LLP &
Michael Scott Weinstein, Esq., at Golenbock Eiseman Assor Bell &
Peskoe LLP.

                     About Lehr Construction

New York-based Lehr Construction Corp. was founded in 1979.  It
specializes in interior construction and serves clients mainly
throughout the New York metropolitan area.  It serves as
construction manager and general contractor for its clients.

Lehr filed for Chapter 11 bankruptcy protection (Bankr. S.D.N.Y.
Case No. 11-10723) on Feb. 21, 2011.  The Debtor estimated its
assets and debts at $10 million to $50 million.  

The Debtor tapped James A. Beldner, Esq., at Cooley LLP, as
bankruptcy counsel.  Rust Consulting/Omni Claims Agent serves as
claims and noticing agent.

Jonathan Flaxer was appointed Chapter 11 Trustee for Lehr
Construction.  He is represented by Douglas L. Furth, Esq., at
Goldenbock Eiseman Assor Bell & Peskoe LLP, in New York.  Wolf
Haldenstein Adler Freeman & Hertz serves as conflicts counsel to
the trustee.  Marotta Gund Budd & Dzera, LLC, serves as trustee's
financial advisor.

Tracy Hope Davis, the U.S. Trustee for Region 2, appointed five
creditors to serve on the Official Committee of Unsecured Creditors
in the Debtor's case.  Fred Stevens at Klestadt & Winters, LLP,
represents the Committee.


LITTLE NEGRIL: Disclosures Okayed, Plan Hearing on March 16
-----------------------------------------------------------
The U.S. Bankruptcy Court for the District of New Jersey will
consider approval of the Chapter 11 plan of Little Negril Caribbean
Restaurant, LLC at a hearing on March 16.

The hearing will be held at 10:00 a.m., at Courtroom 4C, 400 Cooper
Street, Camden, New Jersey.

The court will also consider at the hearing the final approval of
the company's disclosure statement, which it conditionally approved
on Feb. 7.

The order set a March 9 deadline for creditors to file their
objections and cast their votes accepting or rejecting the plan.

                       About Little Negril

Little Negril Caribbean Restaurant, LLC sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Case No. 16-25159)
on August 8, 2016, disclosing under $1 million in both assets and
liabilities.  The case is assigned to Judge Jerrold N. Poslusny,
Jr.  

The Debtor hired McDowell Posternock Apell & Detrick, PC, as its
legal counsel and Malin & Masly, LLP as its accountant.

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

On February 6, 2017, the Debtor filed a small business plan and
disclosure statement.


LMCHH PCP: Hires Garden City as Claims and Noticing Agent
---------------------------------------------------------
LMCHH PCP LLC and Louisiana Medical Center and Heart Hospital, LLC
seek authorization from the U.S. Bankruptcy Court for the District
of Delaware to employ Garden City Group, LLC as claims and noticing
agent, nunc pro tunc to the January 30, 2017 petition date.

The Debtors require Garden City to:

   (a) prepare and serve required notices and documents in the
       cases in accordance with the Bankruptcy Code and the
       Bankruptcy Rules in the form and manner directed by the
       Debtors and the Court including (i) notice of the
       commencement of the cases and the initial meeting of
       creditors under Bankruptcy code section 341(a), (ii) notice

       of any claims bar date, (iii) notices of transfers of
       claims and objections to claims, (iv) notice of the
       effective date of any plan, (vii) any motion to convert,
       dismiss, appoint a trustee, or appoint an examiner filed by

       the United States Trustee's Office, and (viii) all other
       notices, orders, pleadings, publications and other
       documents as the Debtors or Court may deem necessary or
       appropriate for an orderly administration of the cases;

   (b) maintain an official copy of the Debtors' schedules of
       assets and liabilities and statements of financial affairs
       (collectively, "Schedules"), listing the Debtors' known
       creditors and the amounts owed thereto;

   (c) maintain (i) a list of all potential creditors, equity
       holders and other parties-in-interest; and (ii) a "core"
       mailing list consisting of all parties described in
       sections 2002(i), (j) and (k) and those parties that have
       filed a notice of appearance pursuant to Bankruptcy Rule
       9010; update said lists and make said lists available upon
       request by a party-in-interest or the Clerk;

   (d) furnish a notice to all potential creditors of the last
       date for the filing of proofs of claims and a form for the
       filing of a proof of claims, after such notice and form are

       approved by the Court, and notify said potential creditors
       of the existence, amount and classification of their
       respective claims as set forth in the Schedules, which may
       be effected by inclusion of such information on a
       customized proof of claim form provided to potential
       creditors;

   (e) maintain a post office box or address for the purpose of
       receiving claims and returned mail, and process all mail
       received;

   (f) for all notices, motions, orders or other pleadings or
       documents served, prepare and file or case to be filed with

       the Clerk an affidavit or certificate of service within 7
       business days of service which includes (i) either a copy
       of the notice served or the docket numbers and titles of
       the pleadings served, (ii) a list of persons to whom it was

       mailed with their addresses, (iii) the manner of service,
       and (iv) the date served;

   (g) process all proofs of claim or proofs of interest received,

       including those received by the Clerk's Office, and check
       said processing for accuracy, and maintain the original
       proofs of claim or proofs of interest in a secure area;

   (h) maintain the official claims register for each Debtor (the
       "Claims Registers") on behalf of the Clerk; upon the
       Clerk's request, provide the Clerk with certified,
       duplicate unofficial Claims Registers;

   (i) file an updated claims register with the Court, in
       alphabetical and/or numerical order, upon request and
       direction of the Clerk of the Court;

   (j) allow public access to claims and the claims register at no

       charge;

   (k) implement necessary security measures to ensure the
       completeness and integrity of the Claims Registers and the
       safekeeping of the original claims;

   (l) record all transfers of claims and provide any notices of
       such transfers as required by Bankruptcy Rule 3001(e);

   (m) relocate, by messenger or overnight delivery, all of the
       court-filed proofs of claim to the offices of the Claims
       and Noticing Agent, not less than weekly;

   (n) upon completion of the docketing process for all claims
       received to date for each case, turn over to the Clerk
       copies of the claims register for the Clerk's review;

   (o) monitor the Court's docket for all notices of appearance,
       address changes, and claims-related pleadings and orders
       filed and make necessary notations on and changes to the
       claims register;

   (p) assist in the dissemination of information to the public
       and respond to requests for administrative information
       regarding the case as directed by the Debtors or the Court,

       including through the use of a case website and call
       center;

   (q) provide other related claims and noticing services as the
       Debtors may require in connection with these Bankruptcy
       Cases;

   (r) if case is converted to Chapter 7, contact the Clerk's
       Office within 3 days of the notice to Claims and Noticing
       Agent of entry of the order converting the case;

   (s) 30 days prior to the close of these cases, the extent
       practicable, request that the Debtors submit to the Court a

       proposed Order dismissing the Claims and Noticing Agent and

       terminating the services of such agent upon completion of
       its duties and responsibilities and upon the closing of
       these cases;

   (t) within 14 days of entry of an Order dismissing a case or
       within 30 days of entry of a Final Decree, (a) forward to
       the Clerk an electronic version of all imaged claims; (b)
       upload the creditor mailing list into CM/ECF and (c) docket

       a Final Claims  Register; and

   (u) within 14 days of entry of an Order converting a case, (a)
       forward to the Clerk an electronic version of all imaged
       claims; (b) upload the creditor mailing list into CM/ECF
       and (c) docket a Final Claims Register.

Garden City will be paid at these hourly rates:

       Administrative, Mailroom and Claims Control   $45-$55
       Project Administrators                        $70-$85
       Project Supervisors                           $95-$110
       Graphic Support & Technology Staff            $100-$200
       Project Managers and Senior Project Managers  $125-$175
       Directors and Asst. Vice Presidents           $200-$295
       Vice Presidents and above                     $295

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

The Debtors will pay Garden City a $25,000 retainer.

Craig E. Johnson, assistant vice president, operations of Garden
City, assured the Court that the firm is a "disinterested person"
as the term is defined in Section 101(14) of the Bankruptcy Code
and does not represent any interest adverse to the Debtors and
their estates.

Garden City can be reached at:

       Craig E. Johnson
       GARDEN CITY GROUP, LLC
       P.O. Box 10363
       Dublin, OH 43017-5537
       Tel: (844) 571-1546
       E-mail: craig.johnson@gardencitygroup.com

                      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.



LSB INDUSTRIES: Dimensional Fund Holds 5.6% Stake as of Dec. 31
---------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Dimensional Fund Advisors LP disclosed that as of
Dec. 31, 2016, it beneficially owns 1,567,927 shares of common
stock of LSB Industries Inc. representing 5.62 percent of the
shares outstanding.  A full-text copy of the regulatory filing is
available for free at https://is.gd/1BzNVI

                  About LSB Industries, Inc.

Oklahoma City-based LSB Industries, Inc. (NYSE:LXU) and its
subsidiaries are involved in manufacturing and marketing
operations.  LSB is primarily engaged in the manufacture and sale
of chemical products and the manufacture and sale of water source
and geothermal heat pumps and air handling products.

LSB reported a net loss attributable to common stockholders of
$38.03 million in 2015, net income attributable to common
stockholders of $19.33 million in 2014 and net income attributable
to common stockholders of $54.66 million in 2013.

As of Sept. 30, 2016, LSB had $1.38 billion in total assets,
$727.61 million in total liabilities and $137.98 million in
redeemable preferred stock, and $520 million in total stockholders'
equity.

                         *    *    *

In October 2016, S&P Global Ratings lowered its rating on LSB
Industries to 'CCC' from 'B-'.  "Despite using the climate control
business sale proceeds to repay some debt, the company's metrics
have weakened due to plant operational issues and a depressed
pricing environment, which have led to depressed EBITDA
expectations," said S&P Global Ratings credit analyst Allison
Schroeder.

In November 2016, Moody's Investors Service downgraded LSB's
corporate family rating (CFR) to 'Caa1' from 'B3', its probability
of default rating to 'Caa1-PD' from 'B3-PD', and the $375 million
guaranteed senior secured notes to 'Caa1' from 'B3'.  LSB's Caa1
CFR rating reflects Moody's expectations that the combined
uncertainty over operational reliability and the compressed
margins, resulting from the low nitrogen fertilizer
pricing environment, could result in continued weak financial
metrics for a protracted period.


MACIEJ PAINT: Hires Carlson Advisors as Accountants
---------------------------------------------------
Maciej Paint Corporation dba Industrial Painting Specialists, Inc.
seeks authorization from the U.S. Bankruptcy Court for the District
of Minnesota to employ Carlson Advisors, LLP as accountants.

The Debtor requires Carlson Advisors to render these services:

   (a) Tax Returns - complete federal and Minnesota tax returns
       for the year ended December 31, 2016;

   (b) Financial Statements - review monthly financial statements
       and assist the Debtor's controller with accounting
       questions;

   (c) Sale of Company - assist management with matters related to

       the potential sale of the Debtor including providing
       historical information, review of proposed structure,
       advice the Debtor on tax consequences of sale and any other

       matters related to the potential sale as requested by the
       Debtor its representatives; and

   (d) Bankruptcy - assist management with any accounting and
       reporting matters related to the bankruptcy filing as
       requested by the Debtor or its representatives. Provide
       information to the Debtor and its representatives as
       requested.

Carlson Advisors will be paid at these hourly rates:

       Darren M. Kray, principal         $270
       Steve Bohn, principal             $225
       Other Employees                   $70-$220

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

Carlson Advisors holds a pre-bankruptcy claim against the Debtor in
the amount of $7,624.45. Carlson Advisors has agreed to waive their
pre-bankruptcy claim.

Darren M. Kray, principal of Carlson Advisors, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estate.

Carlson Advisors can be reached at:

       Darren M. Kray
       CARLSON ADVISORS, LLP
       7101 Northland Circle, Suite 123
       Minneapolis, MN 55428
       Tel: (763) 971-4823
       Fax: (763) 535-8154
       E-mail: dkray@carlson-advisors.com

                  About Maciej Paint Corporation

Maciej Paint Corporation d/b/a Industrial Painting Specialist, Inc.
filed a Chapter 11 bankruptcy petition (Bankr. D.MN. Case No.
17-30094) on January 13, 2017.  The Hon. Katherine A. Constantine
presides over the case. Law Office of Steven B. Nosek, PA
represents the Debtor as counsel.

In its petition, the Debtor estimated $0 to $50,000 in assets and
$1 million to $10 million in liabilities. The petition was signed
by Carol Maciej, president.


MARBLES HOLDINGS: U.S. Trustee Forms 5-Member Committee
-------------------------------------------------------
The Office of the U.S. Trustee on Feb. 13 appointed five creditors
to serve on the official committee of unsecured creditors appointed
in the Chapter 11 cases of Marbles Holdings, LLC, and its
affiliates.

The committee members are:

     (1) GGP Limited Partnership
         Attn: Julie Minnick Bowden
         Julie.minnick@ggp.com

     (2) Simon Property Group, Inc.
         225 W. Washington Street
         Indianapolis, IN 46204
         Attn: Ronald M. Tucker
         rtucker@simon.com

     (3) littleBits Electronics, Inc.
         Attn: Christopher Mitchell
         chris.mitchell@littlebits.cc

     (4) Magformers, LLC
         Attn: Jonathan Gorman
         jgorman@magformers.com

     (5) Exploding Kittens, LLC
         Attn: Carly McGinnis
         carly@explodingkittens.com

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.

The Debtors are represented by:

     Howard L. Adelman, Esq.
     Adelman & Gettleman LTD.
     53 W. Jackson Blvd., Suite 1050
     Chicago, IL 60604
     Tel: 312 435-1050
     Fax: 312 435-1059
     Email: hla@ag-ltd.com

          - and -

     Erich S Buck, Esq.
     Adelman & Gettleman LTD.
     53 W. Jackson Blvd., Suite 1050
     Chicago, IL 60604
     Tel: 312 435-1050
     Fax: 312 435-1059
     Email: ebuck@ag-ltd.com

                      About Marbles Holdings

Marbles Holdings, LLC and its two affiliates sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. N. D. Ill. Lead
Case No. 17-03309) on February 3, 2017.  The petitions were signed
by Girisha Chandraraj, chief executive officer.  The cases are
assigned to Judge Timothy A. Barnes.

At the time of the filing, the Debtor disclosed these assets and
liabilities:

                                      Estimated    Estimated
                                       Assets     Liabilities
                                      ---------   -----------
Marbles Holdings, LLC                 $1M-$10M     $10M-$50M
Marbles LLC                           $1M-$10M     $10M-$50M
Marbles Brain Workshop                $100K-$500K  $0-$50K  

Marbles LLC is a privately held company engaged in the development,
curating, wholesaling and retail sale of unique brain-stimulating
games, puzzles, software, and books.  Its principal place of
business and principal office are located at 1918 North Mendell
Street, Chicago, Illinois.

The Debtors tapped Adelman & Gettleman LTD. as counsel.


MARION AVENUE: Plan Confirmation Hearing Set for March 23
---------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York is
set to hold a hearing on March 23, at 10:00 a.m., to consider
confirmation of the Chapter 11 plan of reorganization of Marion
Avenue Management LLC.

The hearing will take place at the U.S. Bankruptcy Court, Courtroom
601, One Bowling Green, New York.  Creditors have until March 16 to
cast their votes accepting or rejecting the plan.

Under the latest plan, Goldberg Weprin Finkel Goldstein LLP, the
company's bankruptcy counsel, will be awarded fees in the projected
amount of less than $75,000.

Meanwhile, general unsecured claims allowed by the court will be
paid in full.  Half of the amount will be paid on the effective
date of the plan while the remaining 50% will be paid three months
later.  The second payment will include post-petition interest,
according to the company's latest disclosure statement filed on
Feb. 7.

A copy of the third amended disclosure statement is available for
free at https://is.gd/e9SONS

                 About Marion Avenue Management

Headquartered in New York, Marion Avenue Management LLC owns
certain commercial real property located at 314-326 East 194th
Street, Bronx, New York, with seven commercial tenants.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr.
S.D.N.Y. Case No. 16-10213) on Jan. 29, 2016, listing $2.01 million
in total assets and $554,169 in total liabilities. The petition was
signed by Sion Sohayegh, manager.

Judge James L. Garrity, Jr., presides over the case.  Ted Donovan,
Jr., Esq., and Kevin J. Nash, Esq., at Goldberg Weprin Finkel
Goldstein LLP serve as the Debtor's bankruptcy counsel.

On November 23, 2016, the Debtor filed a disclosure statement and
Chapter 11 plan of reorganization, which proposes to pay allowed
general unsecured claims in full.


MARRONE BIO: PRIMECAP Reports 11.5% Stake as of Dec. 31
-------------------------------------------------------
PRIMECAP Management Company disclosed in an amended Schedule 13G
filed with the Securities and Exchange Commission that as of Dec.
31, 2016, it beneficially owns 2,843,200 shares of common stock of
Marrone Bio Innovations, Inc., representing 11.53 percent of the
shares outstanding.  A full-text copy of the regulatory filing is
available for free at https://is.gd/udP98j

                      About Marrone Bio

Marrone Bio makes bio-based pest management and plant health
products.  Bio-based products are comprised of naturally occurring
microorganisms, such as bacteria and fungi, and plant extracts. The
Company's current products target the major markets that use
conventional chemical pesticides, including certain agricultural
and water markets, where the Company's bio-based products are used
as alternatives for, or mixed with, conventional chemical products.
The Company also targets new markets for which (i) there are no
available conventional chemical pesticides or (ii) the use of
conventional chemical pesticides may not be desirable or
permissible either because of health and environmental concerns
(including for organically certified crops) or because the
development of pest resistance has reduced the efficacy of
conventional chemical pesticides.  All of the Company's current
products are approved by the United States Environmental Protection
Agency and registered as "biopesticides."

The Company reported a net loss of $43.7 million in 2015, a net
loss of $51.7 million in 2014, and a net loss of $31.2 million in
2013.

As of Sept. 30, 2016, Marrone Bio had $50.24 million in total
assets, $73.47 million in total liabilities and a total
stockholders' deficit of $23.23 million.

Ernst & Young LLP, in Sacramento, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has incurred
losses since inception, has a net capital deficiency, and has
restrictive debt covenants that raise substantial doubt about its
ability to continue as a going concern.


MBTI OF PUERTO RICO: Taps Reality Realty to Sell Assets
-------------------------------------------------------
MBTI of Puerto Rico Inc. seeks authorization from the U.S.
Bankruptcy Court for the District of Puerto Rico to employ Reality
Realty, PSC as realtor.

The Debtor seeks to retain Reality to procure the sale of these
properties:

  -- residential property of 2,537 square feet and 397.50 square
     meters at 1654 Santa Ana Street, Santurce Ward, San Juan,
     Puerto Rico;

  -- three levels commercial building with basement, distributed
     as 29,844 square feet and 846.60 square meters at 1256 Ponce
     de Leon Ave. Santurce, San Juan, Puerto Rico;

  -- two story commercial building with 4,025 square feet and 368
     square meters at 164 Muñoz Rivera Street, Fajardo, P.R.; and

     three story commercial building composed of 10,427 square
     feet with a vacant lot for parking use and 631.62 square
     meter at 205 Muñoz Rivera Street, Fajardo, Puerto Rico; and

  -- three story commercial building with 26,637 square feet and
     994.80 square meters at Once de Agosto St. Corner Dr.
     Basora Street, Downtown Mayaguez, Puerto Rico.

The terms of Reality's engagement are set forth in the Exclusive
Sales Contracts, and its fees have been agreed to as 5% of the
purchase price of the Properties.

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

Ivan Zavala Steidel, chief executive officer of Reality, operations
of Garden City, assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtor and
its estate.

Reality can be reached at:

       Ivan Zavala Steidel
       REALITY REALTY, PSC
       P.O. Box 3529
       Caguas, PR 00726
       Tel: (787) 745-8777
       E-mail: zavalai@realityrealtypr.com

                   About MBTI of Puerto Rico

MBTI of Puerto Rico, Inc. sought protection under Chapter 11 of the
the Bankruptcy Code (Bankr. D.P.R. Case No. 16-08091) on Oct. 7,
2016. The petition was signed by Barbara Alozo Vila, president.
The case is assigned to Judge Edward A. Godoy.  At the time of the
filing, the Debtor disclosed $12.99 million in assets and $16.07
million in liabilities.


MCCLATCHY CO: Reports $3.1 Million Net Income for Fourth Quarter
----------------------------------------------------------------
McClatchy reported net income in the fourth quarter of 2016 of $3.1
million, or $0.40 per share, compared to net income of $8.8
million, or $1.04 per share in the fourth quarter of 2015.  Per
share amounts reflect the company's 1 for 10 reverse stock split
that became effective in June 2016.  The fourth quarter and full
year results were not impacted by the results from The Herald-Sun
(Durham, NC), which was purchased on Dec. 25, 2016, the last day of
McClatchy's fiscal year.

The company reported adjusted net income, which excludes severance
and certain other items, in the fourth quarter of 2016 of $12.9
million, compared to adjusted net income of $17.3 million in the
fourth quarter of 2015.

As reported, on Jan. 25, 2017, the board of directors appointed
Craig Forman president and chief executive officer of the Company.
He has been a McClatchy board member since 2013 and will remain on
McClatchy's board.  Forman has a strong track record in both
digital technology and journalism, and familiarity with the
company's digital-transformation strategy.  He has served as the
executive chairman of Where.com Inc. and Appia Inc. and previously
held executive roles with Yahoo!, Time Warner, Infoseek, and Dow
Jones.  Forman served in senior leadership roles at Earthlink from
2006 to 2009, including as president of the company's $1 billion
consumer access and audience business.

Forman began his career as a reporter and bureau chief for The Wall
Street Journal, where he was part of the reporting team whose
coverage of the Persian Gulf War was a finalist for the 1991
Pulitzer Prize in International Reporting.

Forman said, "In the short fortnight since becoming chief
executive, it has become clear to me that we have a highly skilled
and dedicated team across McClatchy, committed to serving our
customers and our neighbors from Sacramento to Miami and in dozens
of communities in between.  I'm thrilled to join them in the
day-to-day work of running the company and using technology as a
catalyst for growth.  We've already transitioned in many respects
to the foundations of a digital future.  Our goal here is to
accelerate that transformation—to focus on our pace.

"We remain vigilant on cost control and expense reduction as we
align the cost structure with the decline in traditional print
advertising.  Our intent is to sharpen our connections to our local
markets, both in terms of audience and advertising, by accelerating
our digital product and sales efforts.  In short, we are focused on
the future while maintaining the integrity of our journalism and
deep engagement with our communities."

"We had an active fourth quarter as well as a busy start to 2017,"
Forman continued.  "During 2016 we reached a number of goals to
move the company forward for our shareholders.  We again achieved
double-digit growth in digital-only advertising revenue, despite
running against impressive growth from the fourth quarter 2015.
This marks the fifth consecutive quarter of double-digit growth in
the digital-only advertising category and a record growth rate of
14.8% for the full year in 2016.

"While we delivered on our digital advertising goal of double-digit
growth, we experienced one of the toughest years recently in print
advertising as the struggles of the retail industry had an impact
on our results.  But our strong digital revenue growth, coupled
with better results for direct marketing revenues, helped to
partially offset the print declines in the fourth quarter.  As a
result, for full-year 2016 we saw an improvement in total
advertising revenues of two percentage points over full-year 2015.

"We also made progress in realigning our cost structure to reduce
legacy expenses. For 2016 we reduced operating expenses by $347.4
million due primarily to the inclusion of goodwill impairment in
2015 expenses.  When adjusted for non-cash impairments and other
items to represent cash costs, we successfully reduced 2016
adjusted operating expenses by more than $58 million. Over the last
two years, operating expenses have declined $109 million and
adjusted operating expenses by $116 million."

Elaine Lintecum, McClatchy's chief financial officer said, "We have
made progress in monetizing our real estate in the fourth quarter
and early 2017.  In December we closed on the sale of a covered
garage in Sacramento for pre-tax proceeds of $5.75 million, and in
January 2017 we entered into two separate contracts to sell and
lease back our Sacramento, California and Columbia, South Carolina,
buildings and land in which The Sacramento Bee and The State
operate for combined proceeds of $67.8 million.  We also entered
into a new letter of intent (LOI) to sell our downtown Raleigh,
North Carolina building on improved terms compared to the previous
contract, and are working to come to agreements to close all three
transactions in 2017.

"We used our cash wisely in 2016.  We reduced debt in the fourth
quarter by $32.8 million and by $63.6 million in all of 2016.  We
also returned value to shareholders during 2016 by buying back
655,899 shares of Class A common stock for $7.8 million."

Forman concluded, "Finally, we added to our portfolio of growth
markets.  We were happy to announce the addition of our 30th media
company, The Herald-Sun in Durham, North Carolina, on December 25,
2016.  The acquisition of The Herald-Sun means that we now operate
the primary daily newspapers in the high-tech Research Triangle of
North Carolina.  This rapidly growing region is a great match for
McClatchy's strong portfolio of digital products, thus this
acquisition offers both digital advertising opportunities as well
as operational synergies.  While small in financial terms, this
acquisition is expected to be deleveraging to the company."

                       Fourth Quarter Results

Total revenues in the fourth quarter of 2016 were $262.2 million,
down 8.3% compared to the fourth quarter of 2015.  Total
advertising revenues were $158.4 million, down 10.9% in the fourth
quarter of 2016 compared to the fourth quarter of 2015, which is
consistent with the advertising revenue trend experienced in the
first nine months of 2016.  The declines in advertising revenues
largely reflect softness in traditional print advertising which was
partially offset by improvements in the direct marketing category
and digital advertising.  Digital-only advertising revenues grew
11.0% in the fourth quarter of 2016 and total digital advertising
revenues were up 3.7% compared to the same quarter last year.

Direct marketing declined 2.6% in the fourth quarter compared to
the same period last year, but improved more than 10 percentage
points from the third quarter of 2016. The improvement was due to
the addition of new customers, stronger events revenues, and the
impact of retiring certain underperforming products in 2015.

Audience revenues were $92.7 million, down 1.9% in the fourth
quarter compared to the same period in 2015.  Digital-only audience
revenues were up 4.9%, and the number of digital-only subscribers
ended the quarter at 83,100, representing an increase of 4.8% from
the fourth quarter of 2015.

Average total unique and local unique visitors to the Company's
online products grew to 61.0 million and 14.8 million,
respectively, in the fourth quarter of 2016.  These results
represented growth of 22.3% in total unique visitors and 13.2% in
local unique visitors in the fourth quarter of 2016 compared to the
same quarter last year.  Mobile users represented 60.1% of average
total unique visitors in the fourth quarter of 2016 compared to
56.6% in the fourth quarter of 2015.

Revenues exclusive of print newspaper advertising accounted for
70.4% of total revenues in the fourth quarter of 2016, an increase
from 65.7% in the fourth quarter of 2015.

Results in the fourth quarter of 2016 included the following
items:

   * Non-cash charges related to newspaper masthead impairment and

     write-down of equity investments totaling $9.9 million ($6.3
     million after-tax);

   * Gain on a real estate transaction offset by non-cash real
     estate losses and charges associated with relocations of
     certain operations totaling $4.0 million ($2.5 million after-
     tax);

   * Severance charges totaling $1.8 million ($1.1 million after-
     tax);

   * A loss on the extinguishment of debt totaling $1.1 million
     ($0.7 million after-tax);

   * Costs associated with reorganizing sales and other operations

     totaling $1.0 million ($0.6 million after-tax);

   * Costs related to co-sourcing information technology
     operations totaling $0.6 million ($0.4 million after-tax);

   * Net increase in taxes of $3.2 million primarily associated
     with adjustments of certain deferred tax credits related to
     real estate transactions.

Adjusted net income, which excludes the items above, was $12.9
million.  Adjusted EBITDA1 was $59.5 million in the fourth quarter
of 2016, down 15.5% compared to the fourth quarter last year.
Operating expenses were down 6.8%, while adjusted operating
expenses1, which exclude non-cash and certain other charges, were
down 5.9% in the fourth quarter of 2016 compared to the same
quarter last year.

                       Full-Year Results

Total revenues for the full-year 2016 were $977.1 million, down
7.5% compared to the full-year 2015.  Total advertising revenues
were $568.7 million, down 10.8% compared to the full-year 2015.
Softness in print advertising negatively impacted traditional
newspaper advertising revenues, while digital advertising revenues
grew 4.3% compared to the full-year 2015.  The softness in print
was partially offset by digital-only advertising which was up a
record 14.8% through the full-year 2016 compared to last year.

Audience revenues were $364.8 million, down less than one
percentage point for the full-year 2016 compared to last year and
digital-only audience revenues were up 9.0% over the same period.
The growth in digital-only audience revenue is attributable to the
increase in digital-only subscribers through promotional efforts as
well as pricing initiatives initiated during the second and third
quarters of 2016.

The Company reported a net loss for the full-year 2016 of $34.2
million, or $4.41 per share, compared to a net loss for the
full-year 2015 of $300.2 million or $34.66 a share, which included
non-cash after tax impairment charges related to goodwill and
newspaper mastheads and write-downs of certain equity investments
of $304.5 million.

Results for the full-year 2016 included the following items:

   * Severance charges totaling $15.2 million ($9.3 million after-
     tax);

   * Non-cash real estate losses and charges associated with
     relocations of certain operations offset by gain on a real
     estate transaction totaling $3.3 million ($2.0 million after-
     tax);

   * Conversion costs related to co-sourcing information
     technology operations totaling $10.8 million ($6.9 million
     after-tax);

   * Non-cash charges related to newspaper masthead impairment and

     write-down of equity investments totaling $10.8 million ($6.8

     million after-tax);

   * Costs associated with reorganizing sales and other operations

     totaling $7.0 million ($4.3 million after-tax);

   * Accelerated depreciation charges totaling $7.0 million ($4.2
     million after-tax);

   * Net increase in taxes totaling $2.3 million for adjustments
     of certain deferred tax credits related to tax positions
     taken in prior years and for real estate transactions;
   * A gain on the extinguishment of debt totaling $0.4 million
    ($0.3 million after-tax); and

  * Acquisition-related legal and other costs, net totaling $0.1
    million ($0.1 million after-tax).

Adjusted net income for the full-year 2016, excluding the items
above, was $1.4 million compared to adjusted net income in 2015 of
$11.8 million.  Adjusted EBITDA was $160.8 million for the
full-year 2016, down 11.4% compared to the full-year 2015.
Operating expenses declined 26.7%, mainly due to non-cash
impairments charges recorded in the second quarter of 2015, while
adjusted operating expenses were down 6.7% in the full-year 2016
compared last year.

      Other Fourth Quarter Business and Recent Highlights

In the fourth quarter, the Company completed the sale of a covered
garage in Sacramento, California for a sales price of $5.75
million.  In January, the company announced that it entered into
agreements to sell and lease back the Sacramento, California and
Columbia, South Carolina, land and buildings for combined sale
proceeds of $67.8 million.  The Sacramento and Columbia properties
are expected to close in the second quarter of 2017, subject to
customary closing conditions, and after-tax proceeds will be
approximately $51 million.  Based on the local commercial real
estate market in Kansas City, Mo, the company is evaluating whether
it is the right time to proceed with a sale-leaseback transaction
in Kansas City.

In January, the Company ended its contract with the buyers of its
downtown building in Raleigh, North Carolina, due to
non-performance under the contract.  The company also entered into
a nonbinding letter of intent (LOI) with a new buyer for the
Raleigh building and land on better terms than the previous
contract.

As previously reported, the Company acquired The Herald-Sun in
Durham North Carolina, on Dec. 25, 2016.  The purchase price was
not disclosed, but after revenue and expense synergies, the
acquisition is expected to be deleveraging to the company.

In December, the Company received a normal operating cash
distribution of $6.0 million from CareerBuilder.  McClatchy
management is supportive of the decision made by its co-owners to
review strategic alternatives for CareerBuilder, for which no
decisions have been made.

Debt at the end of the fiscal year 2016, after repurchasing $32.8
million of bonds in the fourth quarter, was $873.7 million.  The
notes due September 2017 had a principal balance of $16.9 million
outstanding with no other maturities coming due until December
2022.  The company finished the quarter with $5.3 million in cash,
resulting in net debt of $868.4 million.  The Company has its $65
million revolving line of credit available for liquidity if needed.
During the fourth quarter of 2016, capital expenditures were $2.5
million, and were $13.0 million for the full year 2016. The
leverage ratio at the end of the fourth quarter in the company's
credit agreement was 5.27 times cash flow (as defined) compared to
a maximum leverage covenant of 6.0 times cash flow. The company
expects its current deleveraging strategies to reduce this ratio
over the course of the next year.

                           Outlook

Forman said, "Fiscal year 2017 will be a year of enhanced digital
opportunity and focus.  We are dedicated to our mission of
journalistic integrity and we believe that good journalism is good
business; that it is the underpinning of our success in the
marketplace.  We aim to provide journalism that impacts our
communities, and to do so with greater digital agility and pace. We
intend to capture new audiences for both our print and digital
advertisers.  And we are focused on delivering more and better
digital products faster to our advertisers and subscribers—that
is award-winning works that are nationally significant and locally
relevant."

Digital-only advertising revenue is expected to continue to grow at
a double-digit rate in 2017, improving on the full-year trend seen
in 2016.  Management expects the growth to be enhanced by further
investing in its digital portfolio and partnerships.  The company's
digital agency, exceleratetm, has moved quickly since it launched a
few months ago and management believes it will be a meaningful
contributor to digital growth in 2017.  In fact, expenses are
expected to include an estimated $10 million investment in
exceleratetm throughout 2017, providing it with a larger sales
force and with tools to drive revenue results in McClatchy's
markets, as well as adjacent markets.  Management also sees further
potential in its video portfolio which reached 74 million views for
all of 2016.  Nucleus, the national advertising agency in which the
company is a partner, is also expected to help drive results for
larger retailers and national accounts.

Print advertising revenues, while important to the business, remain
volatile, and are expected to decline in 2017 and become a smaller
percent of total revenues.  Audience revenues are expected to be
stable in 2017 through a combination of marketing of product
enhancements and pricing programs.

Management plans to reduce GAAP and adjusted operating expenses and
will monitor costs throughout the year to achieve expense
performance in line with revenue performance, despite the
additional investments we are making in news and sales
infrastructures.

The Company has real estate that is being marketed, under LOI's or
currently under contract for sale, and management's focus will be
on working towards monetizing as many of those assets as possible
in 2017.  The proceeds achieved from the real estate transactions
and cash from operations will be utilized to de-lever the company
through debt reductions and further invest in the business.

Management expects capital expenditures between $12 million and $15
million in 2017, and has no required pension contributions in
fiscal 2017.

The company's consolidated statistical report, which summarizes
revenue performance for the fourth quarter and full-year 2016, is
attached.

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

                    https://is.gd/pKW21R

                 About The McClatchy Company

Sacramento, Cal.-based The McClatchy Company (NYSE: MNI)
-- http://www.mcclatchy.com/-- is a media company that provides
both print and digital news and advertising services.  Its
operations include 30 daily newspapers, community newspapers,
websites, mobile news and advertising, niche publications, direct
marketing and direct mail services.  Its owned newspapers include,
among others, the (Fort Worth) Star-Telegram, The Sacramento Bee,
The Kansas City Star, the Miami Herald, The Charlotte Observer,
and The (Raleigh) News & Observer.  The Company holds interest in
digital assets which include CareerBuilder, LLC, Classified
Ventures, LLC, HomeFinder, LLC, and Wanderful Media.

McClatchy reported a net loss of $300 million on $1.05 billion of
net revenues for the year ended Dec. 27, 2015, compared to net
income of $374 million on $1.14 billion of net revenues for the
year ended Dec. 28, 2014.

As of Sept. 25, 2016, McClathcy Co had $1.83 billion in total
assets, $1.68 billion in total liabilities and $155.5 million in
stockholders' equity.

                           *     *     *

McClatchy carries a 'Caa1' corporate family rating from Moody's
Investors Service.  In May 2011, Moody's changed the rating
outlook from stable to positive following the company's
announcement that it closed on the sale of land in Miami for
$236 million.  The outlook change reflects Moody's expectation
that McClatchy will utilize the net proceeds to reduce debt,
including its underfunded pension position, which will reduce
leverage by approximately half a turn and lower required
contributions to the pension plan over the next few years.

As reported by the TCR on April 2, 2014, Standard & Poor's Ratings
Services affirmed all ratings on U.S. newspaper company The
McClatchy Co., including the 'B-' corporate credit rating, and
revised the rating outlook to stable from positive.  The outlook
revision to stable reflects S&P's expectation that the
timeframe for a potential upgrade lies beyond the next 12 months,
and could also depend on the company realizing value from its
digital minority interests.


MCGAHAN FAMILY: Has Until Feb. 22 to File Plan Outline
------------------------------------------------------
The U.S. Bankruptcy Court for the District of Alaska has given
McGahan Family Limited Partnership until Feb. 22, 2017, to file a
disclosure statement referring to a plan of reorganization.

                      About McGahan Family LP

McGahan Family Limited Partnership sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D. Alaska Case No. 16-00049) on
March 4, 2016.  The Debtor estimated less than $50,000 in assets
$50,000 to $100,000 in liabilities.  The Debtor is represented by
Terry P. Draeger, Esq., at Beaty & Draeger, Ltd.

The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in
the Chapter 11 case of McGahan Family Limited Partnership.


MIAMI NEUROLOGICAL: Soneet Kapila Named Ch. 11 Trustee
------------------------------------------------------
Chief Judge Laurel M. Isicoff of the U.S. Bankruptcy Court for the
Southern District of Florida entered an order approving the
appointment of Soneet Kapila as Chapter 11 Trustee for Miami
Neurological Institute, LLC.

The Order was made pursuant to the Application of the Acting United
States Trustee for entry of an Order approving the appointment of
Soneet Kapila as Chapter 11 Trustee, filed last February 8, 2017.

              About Miami Neurological Institute

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.


MID-STATE PLUMBING: US Trustee Tries to Block Disclosures OK
------------------------------------------------------------
Henry G. Hobbs, Jr., Acting U.S. Trustee for Region 5, filed with
the U.S. Bankruptcy Court for the Western District of Louisiana an
objection to Mid-State Plumbing, Inc.'s small business disclosure
statement describing its plan of reorganization.

According to the Acting U.S. Trustee, the Debtor's proposed
Disclosure Statement lacks the supporting information required by
Local Rule 3016-2.  The Disclosure Statement at several points
refers to supporting exhibits that might have satisfied Local Rule
3016-2 and provided adequate information about the proposed Plan,
including Exhibits B-F and also "Exhibit 5.1."  However, the Debtor
did not actually submit any exhibits with the Disclosure
Statement.

Without the missing supporting information, creditors have no ready
means for making an informed judgment about the proposed Plan, the
Acting U.S. Trustee says.  The information is particularly
necessary given that the two most recent operating reports show
negative cash flow, including a $29,928 loss for November.  The
feasibility of any plan of reorganization for the Debtor is
therefore very much in doubt.  The U.S. Trustee would further note
that the December operating report is delinquent as of Feb. 8,
2017.

As reported by the Troubled Company Reporter on Dec. 29, 2016, the
Debtor filed with the Court a small business disclosure statement
describing its plan of reorganization, which would give general
unsecured creditors a distribution of approximately 10% of their
allowed claims.  Class 1, Secured Claim of Ford Motor Credit, is
impaired under the plan.  This is to be paid with interest at the
rate of 5.25% in monthly installments of $870 each beginning month
1 after the effective date and continuing until the claim has been
paid in full.

Mid-State Plumbing, Inc., filed for Chapter 11 bankruptcy
protection (Bankr. W.D. La. Case No. 16-80392) on April 5, 2016.
The Debtor is represented by L. Laramie Henry, Esq.


NICK STELLEY: Taps H. Kent Aguillard as Legal Counsel
-----------------------------------------------------
Nick Stelly Welding, LLC seeks approval from the U.S. Bankruptcy
Court for the Western District of Louisiana to hire legal counsel.

The Debtor proposes to hire H. Kent Aguillard, Esq., to give legal
advice regarding its duties under the Bankruptcy Code, and provide
other legal services related to its Chapter 11 case.

Mr. Aguillard's hourly rate ranges from $350 to $390.

In a court filing, Mr. Aguillard disclosed that he does not hold or
represent any interest adverse to the Debtor's bankruptcy estate,
according to court filings.

Mr. Aguillard maintains an office at:

     H. Kent Aguillard, Esq.
     P.O. Drawer 391
     Eunice, LA 70535
     Tel: (337) 457-9331
     Email: kaguillard@yhalaw.com

                    About Nick Stelly Welding

Nick Stelly Welding, LLC, a company based in Rayne, Louisiana,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
W. D. La. Case No. 17-50142) on February 9, 2017.  The petition was
signed by Nicholas Stelly, owner.  The case is assigned to Judge
Robert Summerhays.

At the time of the filing, the Debtor disclosed $1.78 million in
assets and $3.12 million in liabilities.


NORTHERN OIL: Dimensional Fund Reports 1.7% Stake as of Dec. 31
---------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Dimensional Fund Advisors LP disclosed that as of
Dec. 31, 2016, it beneficially owns 1,074,084 shares of common
stock of Northern Oil and Gas Inc. representing 1.7 percent of the
shares outstanding.  A full-text copy of the regulatory filing is
available for free at https://is.gd/hATPq0

                        About Northern Oil

Northern Oil and Gas, Inc. -- http://www.NorthernOil.com/-- is an  

exploration and production company with a core area of focus in the
Williston Basin Bakken and Three Forks play in North Dakota and
Montana.
  
Northern Oil reported a net loss of $975 million in 2015 following
net income of $164 million in 2014.  As of Sept. 30, 2016, Northern
Oil had $410.4 million in total assets, $886.4 million in total
liabilities, and a total stockholders' deficit of $476.1 million.

                            *     *     *

As reported by the TCR on Sept. 1, 2016, S&P Global Ratings lowered
its corporate credit rating on U.S.-based oil and gas E&P company
Northern Oil and Gas to 'CCC' from 'CCC+'.  The outlook is
negative.  "The downgrade follows the announcement by the company
that it has retained financial advisors Tudor, Pickering, Holt &
Co. to help it review strategic alternatives," said S&P Global
Ratings credit analyst Brian Garcia.  "We believe this increases
the likelihood the company could engage in a transaction we would
view as a distressed exchange, where holders of the company's
unsecured debt could receive less than the promised value," he
added.  As reported by the TCR on March 24, 2016, Moody's Investors
Service downgraded Northern Oil and Gas, Inc's Corporate Family
Rating to Caa2 from B3, Probability of Default Rating to Caa2-PD
from B3-PD, and the ratings on its senior unsecured notes to Caa3
from Caa1.  At the same time, Moody's lowered the Speculative Grade
Liquidity (SGL) rating to SGL-4 from SGL-3.  This concludes the
ratings review commenced on Jan. 21, 2016.  The ratings outlook is
negative.

"Weak oil and natural gas prices will diminish NOG's cash flows in
2017, when it no longer benefits from commodity price hedges,"
stated James Wilkins, a Moody's vice president.  "Leverage will
increase sharply and credit metrics will deteriorate."

Northern Oil carries a 'Caa2' corporate family rating from Moody's
Investors Service.


NOVATION COMPANIES: Taps Husch Blackwell as Special Counsel
-----------------------------------------------------------
Novation Companies, Inc. seeks approval from the U.S. Bankruptcy
Court for the District of Maryland to hire Husch Blackwell LLP as
special counsel.

Husch Blackwell will represent the company's affiliate NovaStar
Mortgage Funding Corp. in a lawsuit filed by the National Credit
Union Administration Board.  The case is pending in the U.S.
District Court in Kansas.

The hourly rates charged by the firm are:

     Martin Loring      Partner          $505
     John Cruciani      Partner       $508.25
     Gary Vincent       Partner       $484.50
     Christina Pyle     Associate        $304
     Carol Smith        Paralegal        $200

Husch Blackwell does not hold or represent any interest adverse to
the Debtor or its bankruptcy estate, according to court filings.

The firm can be reached through:

     Martin Loring, Esq.
     Husch Blackwell LLP
     190 Carondelet Plaza, Suite 600
     St. Louis, MO 63105-3433
     Email: Martin.Loring@huschblackwell.com

                     About Novation Companies

Novation Companies, Inc., and certain of its subsidiaries filed
voluntary petitions for chapter 11 business reorganization in
Baltimore, Maryland (Bankr. D. Md. Lead Case No. 16-19745) on July
20, 2016.  The cases are assigned to Judge David E. Rice.

In its petition, NCI lists assets of $33 million and liabilities of
$91 million.  As of the petition date, NCI and its subsidiaries
have in excess of $32 million in cash, marketable securities and
other current assets.

Headquartered in Kansas City, Missouri, Novation Companies (otcqb:
NOVC) -- http://www.novationcompanies.com/-- is in the process of
implementing its strategy to acquire operating businesses or making
other investments that generate taxable earnings.

Prior to 2008, Novation originated, purchased, securitized, sold,
invested in and serviced residential nonconforming mortgage loans
and mortgage securities. At the height of its business, debtor NMI
claims to have originated more than $11 billion annually in
mortgage loans. After the Debtors ceased their lending operations
and completed a sale of its servicing portfolio amidst the housing
collapse in 2007, the Company has been engaged in the business of
acquiring various businesses. The Debtors have five full time
employees and one part time employee.

The Debtors hired the law firms of Shapiro Sher Guinot & Sandler,
P.A. and Olshan Wolosky LLP as co-counsel.  The Debtors also hired
Orrick, Herrington & Sutcliffe LLP as special litigation counsel;
Holland & Knight LLP as Investment Company Act compliance counsel;
and Deloitte Tax LLP as tax service provider.

On August 1, 2016, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.


OLDCO LLC: Hires Rust Omni as Claims and Noticing Agent
-------------------------------------------------------
OldCo, LLC, successor by merger to Coltec Industries Inc. seeks
authorization from the U.S. Bankruptcy Court for the Western
District of North Carolina to employ Rust Consulting/Omni
Bankruptcy as claims, balloting, and noticing agent for the Coltec
Bankruptcy Case.

The Debtor requires Rust Omni to:

   (a) prepare and serve required notices and documents in the
       Coltec Bankruptcy Case in accordance with the Bankruptcy
       Code and the Bankruptcy Rules in the form and manner
       directed by Coltec and/or the Court, including (i) notice
       of any claims bar date, (ii) notices of transfers of
       claims, (iii) notices of objections to claims and
       objections to transfers of claims, (iv) notices of any
       hearings on a disclosure statement and confirmation of
       Coltec's plan or plans of reorganization, including under
       Bankruptcy Rule 3017(d), (v) notice of the effective date
       of any plan and (vi) other notices, orders, pleadings,
       publications and other documents as Coltec or the Court may

       deem necessary or appropriate for an orderly administration

       of the Coltec Bankruptcy Case;

   (b) maintain (i) a list of all potential creditors, equity
       holders and other parties in interest; and (ii) a "core"
       mailing list consisting of all parties described in
       Bankruptcy Rules 2002(i), (j) and (k) and those parties
       that have filed a notice of appearance pursuant to
       Bankruptcy Rule 9010; and update said lists and make said
       lists available upon request by a party in interest or the
       Clerk;

   (c) furnish a notice to all applicable creditors of any bar
       date for filing proofs of claim and a form for filing a
       proof of claim, after such notice and form are approved by
       this Court;

   (d) maintain a post office box or address to receive claims and

       returned mail, and process all mail received;

   (e) for all notices, motions, orders or other pleadings or
       documents served, prepare and file or cause to be filed
       with the Clerk an affidavit or certificate of service
       within 7 business days of service which includes (i) either

       a copy of the notice served or the docket numbers and
       titles of the pleadings served, (ii) a list of persons to
       whom it was mailed with their addresses, (iii) the manner
       of service, and (iv) the date served;

   (f) process all proofs of claim received, including those
       received by the Clerk, and check said processing for
       accuracy, and maintain the original proofs of claim in a
       secure area;

   (g) maintain the official registers for claims and ballots for
       Coltec (respectively, the "Claims Register" and the
       "Ballots Register") on behalf of the Clerk; upon the
       Clerk's request, provide the Clerk with a certified,
       duplicate unofficial Claims Register; and specify in the
       Claims Register the following information for each claim
       docketed: (i) the claim number assigned, (ii) the date
       received, (iii) the name and address of the claimant
       and agent, if applicable, who filed the claim, (iv) the
       amount asserted, (v) the asserted classification(s) of the
       claim (e.g., secured, unsecured, priority, etc.), and (vi)
       any disposition of the claim;

   (h) implement necessary security measures to ensure the
       completeness and integrity of the Claims Register and the
       safekeeping of the original claims;

   (i) record all transfers of claims and provide any notices of
       such transfers as required by Bankruptcy Rule 3001(e);

   (j) relocate, by messenger or overnight delivery, all of the
       court-filed proofs of claim to Rust's offices, not less
       than weekly;

   (k) monitor the Court's docket for all notices of appearance,
       address changes, and claims-related pleadings and orders
       filed and make necessary notations on and/or changes to the

       Claims Register;

   (l) assist in the dissemination of information to the public
       and respond to requests for administrative information
       regarding the Coltec Bankruptcy Case as directed by Coltec
       or the Court, including through a case website and/or call
       center;

   (m) distribute ballots to holders of claims and interests,
       receive and maintain completed ballots returned by holders,

       and assist in tabulating acceptances and rejections;

   (n) 30 days before the close of the Coltec Bankruptcy Case, to
       the extent practicable, request that Coltec submit to the
       Court a proposed Order dismissing Rust and terminating the
       services of such agent upon completion of its duties and
       responsibilities and upon the closing of the Coltec
       Bankruptcy Case;

   (o) within 7 days of notice to Rust of entry of an order
       closing the Coltec Bankruptcy Case, provide to the Court
       the final version of the Claims Register as of the date
       immediately before the close of the Coltec Bankruptcy Case;

       and

   (p) at the close of the Coltec Bankruptcy Case, box and
       transport all original documents, in proper format, as
       provided by the Clerk, to (i) the Federal Archives Record
       Administration, located at Central Plains Region, 200
       Space Center Drive, Lee's Summit, MO 64064 or (ii) any
       other location requested by the Clerk.

Rust Omni will be paid at these hourly rates:

       Clerical Support          $22.50-$40.50
       Project Specialists       $51.75-$67.50
       Project Supervisors       $67.50-$85.50
       Consultants               $85.50-$112.50
       Technology/Programming    $90.00-$141.75
       Senior Consultants        $126.00-$157.50

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

Paul Deutch, executive managing director of Rust Omni, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estate.

Rust Omni can be reached at:

       Paul Deutch
       RUST CONSULTING/OMNI BANKRUPTCY
       1120 Avenue of the Americas, 4th Floor
       New York, NY 10036
       Tel: (212) 302-3580
       Fax: (212) 302-3820

                      About OldCo LLC

OldCo, LLC fka Coltec Industries, Inc., based in Charlotte, N.C.,
manufactures and distributes aerospace and industrial products in
the United States, Canada, and Europe. The Debtor filed a Chapter
11 bankruptcy petition (Bankr. W.D. N.C. Case No. 17-30140) on
January 30, 2017.  TThe petition was signed by Joseph Wheatley,
president and treasurer.

Bankruptcy Judge Craig J. Whitley is assigned to the case.

The Debtor is represented by Daniel Gray Clodfelter, Esq. and
William L. Esser, IV, Esq., at Parker Poe Adams & Bernstein LLP.
The Debtor also hired these other professionals: David M. Schilli,
Esq., and Andrew W.J. Tarr, Esq., at Robinson, Bradshaw & Hinson,
P.A. as special corporate & litigation counsel; Rust
Consulting/Omni Bankruptcy as claims, notice & ballot agent.

In its petition, the Debtor estimated $100 million to $500 million
in both assets and liabilities.         



ONCOBIOLOGICS INC: venBio Discloses 5.4% Stake as of Dec. 31
------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, venBio Select Advisor LLC and Behzad Aghazadeh
disclosed that as of Dec. 31, 2016, they beneficially own
1,301,425 (including 617,894 shares of Common Stock issuable upon
exercise of Warrants) of Oncobiologics, Inc. representing 5.4
percent based upon 23,578,942 shares of common stock outstanding as
of Dec. 28, 2016, as reported in the Issuer's Annual Report on Form
10-K for the fiscal year ended Sept. 30, 2016, filed with the
Securities and Exchange Commission on Dec. 29, 2016, and assumes
the exercise of the reported Warrants.

venBio Select Advisor LLC, a Delaware limited liability company,
which provides investment advisory and management services, has
acquired the securities of Oncobiologics solely for investment
purposes on behalf of venBio Select Fund LLC, a Delaware limited
liability company, and certain managed accounts.  Behzad Aghazadeh
serves as the portfolio manager and controlling person of venBio.

venBio Select Fund LLC has the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale
of, more than 5% of the Common Stock.

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

                    https://is.gd/FmNNfd

                    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.


ONSITE TEMP: Hearing on Plan Outline Set for April 4
----------------------------------------------------
The Hon. Paul Sala of the U.S. Bankruptcy Court for the District of
Arizona will hold on April 4, 2017, at 10:00 a.m. a hearing to
consider the approval of Onsite Temp Housing Corporation's
disclosure statement filed on Feb. 7, 2017, referring to the
Debtor's Chapter 11 plan filed on Feb. 7, 2017.

The last day for filing objections to the Disclosure Statement is
fixed at five business days prior to the hearing date set for
approval of the Disclosure Statement.

                        About Onsite Temp

Onsite Temp Housing Corporation, based in Phoenix, Arizona, filed a
Chapter 11 petition (Bankr. D. Ariz. Case No. 16-10790) on Sept.
20, 2016.  The Hon. Paul Sala presides over the case.  Harold E.
Campbell, Esq., at Campbell & Coombs, P.C. serves as bankruptcy
counsel.

In its petition, the Debtor estimated $500,000 to $1 million in
assets and $1 million to $10 million in liabilities.  The petition
was signed by Donald Kaebisch, authorized representative.

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


PACIFIC DRILLING: Adage Capital Ceases to be Shareholder
--------------------------------------------------------
Adage Capital Partners, L.P., Adage Capital Partners GP, L.L.C.,
Adage Capital Advisors, L.L.C., Robert Atchinson and Phillip Gross
disclosed that as of Dec. 31, 2016, they have ceased to
beneficially own common shares, par value $0.01 per share, of
Pacific Drilling S.A.  A full-text copy of the regulatory filing is
available for free at https://is.gd/vIZgf2

                    About Pacific Drilling

Based in Luxembourg, Pacific Drilling S.A. (NYSE:PACD) is an
international offshore drilling contractor.  The Company's primary
business is to contract its high-specification rigs, related
equipment and work crews, primarily on a day rate basis, to drill
wells for its clients.  The Company's contract drillships operate
in the deepwater regions of the United States, Gulf of Mexico and
Nigeria.

As of Sept. 30, 2016, Pacific Drilling had $5.89 billion in total
assets, $3.19 billion in total liabilities and $2.70 billion in
total shareholders' equity.

Pacific Drilling reported net income of $126.2 million in 2015,
net income of $188.3 million in 2014 and net income of $25.50
million in 2013.

                         *     *     *

In October 2016, Moody's Investors Service downgraded Pacific
Drilling's Corporate Family Rating to 'Caa3' from 'Caa2' and
Probability of Default Rating (PDR) to 'Caa3-PD' from 'Caa2-PD'.
"PacDrilling's ratings downgrade reflects our extremely negative
view of the offshore drilling sector with no near term signs of
improvement.  Depressed prices for the offshore drillships offers
weak asset coverage for PacDrilling's overall debt.  With no
material signs of improving contract coverage or utilization for
PacDrilling's drillships, cashflow through 2017 will be severely
impacted resulting in an unsustainable capital structure," said
Sreedhar Kona, Moody's senior analyst.

In November 2016, S&P Global Ratings lowered its corporate credit
rating on Pacific Drilling S.A. to 'CCC-' from 'CCC+'.  "The
downgrade reflects our expectation of limited activity in deep-
water offshore drilling due to continued low oil prices, and the
negative impact on Pacific Drilling's expected cash flows to
support high debt levels and upcoming maturities," said S&P Global
Ratings credit analyst Michael Tsai.


PARKER PORK: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Parker Pork Farms LLC
        2843 Willow Road
        Robinson, KS 66532

Case No.: 17-20202

Chapter 11 Petition Date: February 13, 2017

Court: United States Bankruptcy Court
       District of Kansas (Kansas City)

Debtor's Counsel: Jeffrey A. Deines, Esq.
                  LENTZ CLARK DEINES PA
                  9260 Glenwood
                  Overland Park, KS 66212
                  Tel: (913) 648-0600
                  Fax: (913) 648-0664
                  E-mail: jdeines@lcdlaw.com

                    - and -

                  Shane J. McCall, Esq.
                  LENTZ CLARK DEINES PA
                  9260 Glenwood
                  Overland Park, KS 66212
                  Tel: 913-648-0600
                  Fax: 913-648-0664
                  E-mail: smccall@lcdlaw.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Edwin Elzie Parker, owner.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/ksb17-20202.pdf


PETROLEX MANAGEMENT: May Bifurcate Home Loan Claim
--------------------------------------------------
Petrolex Management, LLC, filed with the U.S. Bankruptcy Court for
the District of Massachusetts a disclosure statement dated Feb. 8,
2017, referring to the Debtor's plan of reorganization.

All classes of claims filed against -- (Class 1 - Real Estate
Taxes), (Class 2 - Secured Claim of PFC), (Class 3 - Claim of Home
Loan, deemed wholly secured), (Class 4 - AL Mortgage & Claim Wholly
Unsecured), and (Class 5 - Yatco Mortgage & Claim Wholly Unsecured)
the Debtors are impaired.  Equity Interests of Principals are not
impaired.

The $1,206,238.68 Class 3 Claim of Home Loan, deemed wholly
secured, is impaired by the Plan.  Home Loan is expected to recover
100%.  This Class III claim consists of the second mortgage claim
of Home Loan, which, for purposes of the Plan, shall be deemed to
be an allowed secured claim notwithstanding the fact that the
Debtor may, pursuant to Sections 506 and 1123 of the Code,
bifurcate this claim into secured and unsecured portions based on
the value of the collateral securing said claim.  The Home Loan
mortgage, which Home Loan will retain under the Plan, is recorded
with the Middlesex North District Registry of Deeds at Book 22273,
Page 34 and the conditional assignment of leases and rents is
recorded at Book 22273, Page 57.  The Home Loan mortgage secures
the obligations contained in a promissory note from the Debtor and
IMS, which obligations are guaranteed by the individual principals
of Debtor.  The Class III claim is also secured by Article 9 UCC
financing collateral.  Home Loan will also receive under the Plan
and Confirmation Order a second priority assignment of the Lease
and Sublease and the rents therefrom, continuation of its Article 9
UCC financing collateral, and release of all claims against Home
Loan through the Effective Date.

The funding for the Plan will come from proceeds of lease and from
a payment from IMS Petroleum, Inc., to the Debtor in the amount of
$1,100 per month for contribution to the PFC and Home Loan monthly
installments of principal and interest, for which IMS is a
co-borrower.  The contribution payments shall be made until the PFC
loan is paid off.

The Disclosure Statement is available at:

            http://bankrupt.com/misc/mab16-41322-104.pdf

As reported by the Troubled Company Reporter on Jan. 10, 2017, the
Debtor filed with the Court a disclosure statement dated Dec. 28,
2016, referring to the Debtor's plan of reorganization.  Under that
plan, Class 5 Yatco Distribution LLC Mortgage and Unsecured Claim
totaling $44,772.70 is impaired, and the holder is expected to
recover 0%.

The Court has scheduled a hearing on the Confirmation of the Plan
on March 30, 2017, at 11:00 a.m.

                     About Petrolex Management

Petrolex Management, LLC, owns a parcel of commercial real estate
located at 80 Chelmsford Road, Billerica, Massachusetts.  The
commercial property is leased to the operating entity affiliate of
the Debtor, IMS Petroleum, Inc., and on which, IMS operates a gas
station, convenience store, and subleases certain space to a Dunkin
Donuts franchise.

The Debtor filed a Chapter 11 petition (Bankr. D. Mass. Case No.
16-41322) on July 27, 2016.  The petition was signed by Samer
Biloune and Imad Massabni, managers.  The Debtor is represented by
Gary M. Hogan, Esq., at Baker, Braverman & Barbadoro, P.C.  The
case is assigned to Judge Christopher J. Panos.  The Debtor
estimated assets and liabilities at $1 million and $10 million at
the time of the filing.


PIONEER ENERGY: Dimensional Fund Has 7.28% Stake as of Dec. 31
--------------------------------------------------------------
Dimensional Fund Advisors LP disclosed in an amended Schedule 13G
filed with the Securities and Exchange Commission that as of
Dec. 31, 2016, it beneficially owns 5,504,778 shares of common
stock of Pioneer Energy Services Corp. representing 7.28 percent of
the shares outstanding.  A full-text copy of the regulatory filing
is available for free at https://is.gd/lWZeRj

                       About Pioneer Energy

Pioneer Energy Services Corp. provides land-based drilling services
and production services to a diverse group of independent and large
oil and gas exploration and production companies in the United
States and internationally in Colombia.  The Company also provides
two of its services (coiled tubing and wireline services) offshore
in the Gulf of Mexico.

Pioneer Energy reported a net loss of $155 million in 2015
following a net loss of $38 million in 2014.  As of Sept. 30, 2016,
Pioneer Energy had $723.0 million in total assets, $471.7 million
in total liabilities and $251.1 million in total shareholders'
equity.

                           *    *    *

As reported by the TCR on March 7, 2016, Moody's Investors Service,
on March 3, 2016, downgraded Pioneer Energy's Corporate Family
Rating (CFR) to 'Caa3' from 'B2', Probability of Default Rating
(PDR) to 'Caa3-PD' from 'B2-PD', and senior unsecured notes to 'Ca'
from 'B3'.

"The rating downgrades were driven by the material deterioration in
Pioneer Energy's credit metrics through 2015 and our expectation of
continued deterioration through 2016.  The demand outlook for
drilling and oilfield services is extremely weak, as witnessed by
the steep and continued drop in the US rig count" said Sreedhar
Kona, Moody's vice president.  "The negative outlook reflects the
deteriorating fundamentals of the services sector and the
likelihood of covenant breaches."

Pioneer Energy carries a "B+" corporate credit rating from Standard
& Poor's Ratings.


PK IN TOWN: Names Joyce Lindauer as Counsel
-------------------------------------------
PK in Town, LLC seeks authorization from the U.S. Bankruptcy Court
for the Northern District of Texas to employ Joyce W. Lindauer
Attorney, PLLC as counsel.

The Debtor desires to hire the law firm to effectuate a
reorganization, propose a plan or reorganization and effectively
move forward in its bankruptcy proceeding.

The law firm will be paid at these hourly rates:

     Joyce W. Lindauer              $350
     Sarah M. Cox, Associate        $195
     Jamie N. Kirk, Associate       $195
     Jeffery M. Veteto, Associate   $185
     Dian Gwinnup, Paralegal        $105

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

Prior to the petition date, the firm received a retainer of $8,500
which included the filing fee of $1,717 in connection with this
proceeding.

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

The law firm can be reached at:

       Joyce W. Lindauer, Esq.
       Sarah M. Cox, Esq.
       Jamie N. Kirk, Esq.
       Jeffery M. Veteto, Esq.
       JOYCE W. LINDAUER ATTORNEY, PLLC
       12720 Hillcrest Road, Suite 625
       Dallas, TX 75230
       Tel: (972) 503-4033
       Fax: (972) 503-4034

                     About PK in Town, LLC      

PK in Town, LLC, dba PK's Fine Wine & Spirits, dba PK's Fine Wine &
Spirits #1, dba PK's Fine Wine & Spirits #4, dba PK's Fine Wine &
Spirits #2, and dba PK's Fine Wine & Spirits #3 filed a Chapter 11
petition (Bankr. N.D. Tex. Case No. 17-30125), on January 5, 2017.
The Petition was signed by Erik Ward, manager.  The case is
assigned to Judge Barbara J. Houser.  The Debtor is represented by
Joyce W. Lindauer, Esq. at Joyce W. Lindauer Attorney, PLLC.  At
the time of filing, the Debtor estimated assets at $500,000 to $1
million and liabilities at $1 million to $10 million.


PREFERRED CONCRETE: 2nd Amended Plan Reclassifies Claims
--------------------------------------------------------
Preferred Concrete & Excavating Inc. filed with the U.S. Bankruptcy
Court for the Northern District of Illinois a second amended
disclosure statement in support of its plan of reorganization,
dated Feb. 10, 2017.  The second amended disclosure statement
modifies the classification of claims filed against the Debtor.

The second amended disclosure statement removed the following
classes of claims: Class 8 Priority Claims Laborers' Pension Health
and Welfare, and Class 17 Unsecured Laborers Pension Health and
Welfare.

Class 9 Unsecured Claim Illinois Department of Employment Security
totaling $40,129.64 are impaired.  On the initial Distribution
Date, this class will receive, in full satisfaction, settlement and
release and discharge of its unsecured Claims pro-rata receive, in
full satisfaction, settlement and release and discharge of its
unsecured Claims pro-rata share of Unsecured Dividend.

Class 21 General Unsecured Claims totaling $446,847.38 are impaired
by the Plan.  On the initial distribution date, this class will
receive, in full satisfaction, settlement and release and discharge
of its unsecured claims pro rata receive, in full satisfaction,
settlement and release and discharge of its unsecured claims pro
rata share of unsecured dividend.

The Class 21 claims are all the other claims against the Debtor
that are neither secured nor entitled to priority.  This class are
being paid according to the Unsecured Dividend option.  Unsecured
Dividend starting on July 31, 2017, and on each subsequent Jan. 31
and July 31 ending on Jan. 31, 2022, a total of 10% of the allowed
amount of their claims, in equal semiannual installments, for a
total of 10 payments.

Class 22 Equity Interest totaling $10,000 are impaired by the Plan.
The Debtor will cancel all its shares on Reorganized Debtor.
Connie Hartman and Gerald Hartman will pay the sum of $10,000 for
the equity interest in the Reorganized Debtor.

Administrative Claims will be paid from the Debtor's future
operations.  Secured classes will be paid from future earnings.
Priority classes will be paid from the funds on hand on the
Effective Date.  Unsecured classes from the Debtor's future
operations.  In addition, the new value contribution may be used to
fund plan payments.

The Second Amended Disclosure Statement is available at:

           http://bankrupt.com/misc/ilnb16-81114-99.pdf

As reported by the Troubled Company Reporter on Jan. 17, 2017, the
Debtor filed with the Court an amended disclosure statement in
support of its plan of reorganization, dated Jan. 10, 2017, which
proposed that Class 23 general unsecured claims are being paid
according to the Unsecured Dividend option that each claimant
elects.  Unsecured Dividend means unsecured Claims of all Classes
will be paid at their option, either: (a) their pro rata share of
one-half of the Debtor's Net Profits for the prior Dec. 31 and June
30 (adjusted for actual performance) over the course of the Plan,
payable on Jan. 31 and July 31 of each year.

A hearing to consider the confirmation of the Plan will be held on
April 19, 2017, at 1:00 p.m.  Objections to the plan confirmation
must be filed by March 8, 2017.

           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 filed for Chapter 11 bankruptcy protection
(Bankr. N.D. Ill. Case No. 16-81114) on May 4, 2016.  The
petition was signed by Gerald Hartman, president.  The Debtor is
represented by O. Allan Fridman, Esq., at the Law Office of O.
Allan Fridman.

The Debtor estimated assets at $0 to $50,000 and liabilities at
$100,000 to $500,000 at the time of the filing.


PRESTIGE INDUSTRIES: Hires Dilworth Paxson as Counsel
-----------------------------------------------------
Prestige Industries LLC seeks authorization from the U.S.
Bankruptcy Court for the District of Delaware to employ Dilworth
Paxson LLP as counsel.

The Debtor requires Dilworth Paxson to:

   (a) counsel the Debtor with respect to its powers and duties as

       debtor-in-possession;

   (b) prepare on behalf of the Debtor or assist the Debtor in
       preparing all necessary pleadings, motions, applications,
       complaints, answers, responses, orders, United States
       Trustee reports, and other legal papers;

   (c) represent the Debtor in any matter involving negotiations
       or disputes with secured or unsecured creditors, including
       the claims reconciliation process;

   (d) represent the Debtor in negotiating, preparing and
       implementing a plan of reorganization; and

   (e) perform all other legal services for the Debtor which may
       be necessary in order to bring this bankruptcy case to a
       successful resolution, other than those requiring
       specialized expertise for which special counsel, if
       necessary, may be employed.

Dilworth Paxson will be paid at these hourly rates:

       James M. Matour, Partner             $610
       Peter C. Hughes, Partner             $575
       Erik L. Coccia, Associate            $330
       Miriam Luna Dolan, Paralegal         $175
       Christine Chapman-Tomlin, Paralegal  $180

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

Dilworth Paxson holds a retainer of less than $25,000 retainer.

James M. Matour, partner of Dilworth Paxson, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estate.

Dilworth Paxson can be reached at:

       James M. Matour, Esq.
       Dilworth Paxson LLP
       1500 Market St., 3500E
       Philadelphia, PA 19102
       Tel: (215) 575-7134
       Fax: (215) 575-7200
       E-mail: jmatour@dilworhtlaw.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.


PURE FOODS: Hires Little & Milligan as Co-counsel
-------------------------------------------------
Pure Foods, Inc. seeks authorization from the U.S. Bankruptcy Court
for the Eastern District of Tennessee to employ F. Scott Milligan
and the firm of Little & Milligan, PLLC as co-counsel, nunc pro
tunc January 30, 2017.

The Debtor believes it is in the best interest of the estate and
will aid in the economical administration of the estate to employ
Little & Milligan, to represent the Debtor in this Chapter 11
case.

Little & Milligan will be paid at these hourly rates:

       Lawrence E. Little        $300
       F. Scott Milligan         $300

Little & Milligan will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Little & Milligan received a retainer in the amount of $15,000.

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

Little & Milligan can be reached at:

       F. Scott Milligan, Esq.
       LITTLE & MILLIGAN, PLLC
       900 E. Hill Avenue, Suite 130
       Knoxville, TN 37915
       Tel: (865) 522-3311
       Email: fsm@littleandmilligan.com

                   About Pure Foods Inc.

Pure Foods, Inc., a company based in Atlanta, Georgia, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. E. D.
Tenn. Case No. 17-30236) on January 30, 2017.  The petition was
signed by John P. Frostad, CEO.  

The case is assigned to Judge Suzanne H. Bauknight.

At the time of the filing, the Debtor estimated its assets and
debts at $1 million to $10 million.


QUANTUMSPHERE INC: Issues $68,000 12% Convertible Note
------------------------------------------------------
QuantumSphere, Inc., entered into a Securities Purchase Agreement
with a certain accredited investor on Feb. 2, 2017, pursuant to
which the Company issued a 12% convertible promissory note in the
original principal amount of $68,000.  The February 2017 Note
consists of (i) $65,000 of cash investment and (ii) $3,000 of legal
fee and due diligence fee.

The February 2017 Note will bear simple interest at the rate of 12%
per annum and will mature on Nov. 5, 2017.  The default interest
rate on the February 2017 Note is 22% per annum.  All interest will
accrue and be payable at maturity in the form of cash unless the
Investor options to convert the accrued interest into common stock.


The February 2017 Note is convertible into common stock at any time
beginning 180 days following the date of the note and ending on the
later of (i) the maturity date and (ii) the date of payment of the
default amount.  The conversion price will be 60% of the market
price, defined as the average of the lowest three trading prices
for the common stock on the OTCQB during the 15 trading day period
ending on the latest complete trading day prior to the conversion
date.

                    About QuantumSphere, Inc.

QuantumSphere, Inc., (QSI) has developed a process to manufacture
metallic nanopowders with end-use application focused on the
chemical sector.  The Company's principal activities include
capital formation, research and development, and marketing of its
metallic nanopowder products.  The Company manufactures various
metals, bi-metallic alloys and catalysts at the nanoscale,
including iron, silver, copper, nickel and manganese.  It offers
custom dispersions and integrated catalytic solutions for the
energy storage and chemical sectors, including nanoscale gold,
palladium, aluminum and tin.  The Company's products include
QSI-Nano Iron, QSI-Nano Silver, QSI-Nano Copper, QSI-Nano Nickel
and QSI-Nano Manganese.

QuantumSphere reported a net loss of $4.36 million on $46,669 of
net sales for the fiscal year ended June 30, 2016, compared with a
net loss of $5.31 million on $48,047 of net sales for the fiscal
year ended June 30, 2015.

As of Sept. 30, 2016, Quantumsphere had $1.11 million in total
assets, $4.52 million in total liabilities, and a total
stockholders' deficit of $3.41 million.

Squar Milner LLP issued a "going concern" qualification on the
consolidated financial statements for the fiscal year ended
June 30, 2016, citing that the Company has recurring losses from
operations since inception and has limited working capital.


RAIN TREE HEALTHCARE: Seeks Continued Employment of CEO
-------------------------------------------------------
Rain Tree Healthcare of Winston Salem, LLC seeks approval from the
U.S. Bankruptcy Court for the Western District of North Carolina to
continue to employ CEO Reema Owens.

Ms. Owens has served as chief executive officer and manager of the
Debtor since its inception.  The Debtor pays Ms. Owens a monthly
rate of $7,000 for her services under a management agreement.  

In addition to her responsibilities as CEO and manager, Ms. Owens
also oversees all activities of the Debtor related to its
day-to-day operations, which include marketing, business
development, employee management, and administrative duties.

                   About Rain Tree Health Care
                        of Winston Salem

Rain Tree Health Care of Winston Salem LLC, a company headquartered
in Charlotte, North Carolina, operates an adult care home for the
mentally and physically disabled in Winston Salem, North Carolina.

The Debtor filed a Chapter 11 petition (Bankr. W.D.N.C. Case No.
16-32071) on Dec. 30, 2016.  The petition was signed by Reema
Owens, chief executive officer and manager.  The Debtor is
represented by Robert Lewis, Jr., Esq., at Gordon & Melun PLLC.

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


REVOLUTION ALUMINUM: Creditors Seek Ch. 11 Trustee Appointment
--------------------------------------------------------------
Ryan & Associates, Inc., Engineered Products, Inc., and Tina J.
Hertzel, creditors of Revolution Aluminum Propco, LLC, ask the U.S.
Bankruptcy Court for the Western District of Louisiana to enter an
order directing the appointment of a Chapter 11 Trustee for the
Debtor.

According to the creditors, the Debtor's management, Roger Boggs,
effectively gave a mortgage for a $6,052,000 loan with repayment
terms that required a bonus on the loan of $1,000,000 to be paid to
Dr. Kenneth L. Perego, II, on or before April 20, 2017, and further
required the Debtor to strip out $15,000,000 from proceeds of
future mezzanine financing to invest in a legal marijuana business
owned by Dr. Perego known as CB Medical, LLC.  The Creditors assert
that the proposed transaction is beyond the pale of any reasonable
business judgment, and clearly shows that current management is
unfit to continue to manage the affairs of the Debtor in the case.

The creditors assert that the Court should consider the appointment
of a Chapter 11 Trustee because of the:

     (a) debtor's misuse of its assets and funds;

     (b) debtor's inadequate record keeping and reporting;

     (c) conduct which establishes the Debtor's fraud and/or
dishonesty; and

     (d) debtor's lack of credibility and its creditors lack of
confidence.

The Petitioning Creditors are represented by:

     Bradley L. Drell, Esq.
     B. Gene Taylor, II, Esq.
     GOLD, WEEMS, BRUSER, SUES & RUNDELL
     2001 MacArthur Drive
     Post Office Box 6118
     Alexandria, LA 71301
     Tel.: (318) 445-6471
     Fax: (318) 445-6476   
     E-mail: bdrell@goldweems.com

           About Revolution Aluminum Propco

Ryan & Associates, Inc., Engineered Products, Inc., and Tina J.
Hertzel filed an involuntary Chapter 11 case (Bankr. W.D. La., Case
Number 16-81024) against Revolution Aluminum Propco, LLC, on
September 15, 2016.  The Petitioning Creditors are represented by
Bradley L. Drell, Esq., at Gold, Weems, Bruser, Sues & Rundell, in
Alexandria, Louisiana.


RONALD HOWLAND: Disclosures Okayed, Plan Hearing on March 9
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Florida will
consider approval of the Chapter 11 plan of reorganization of
Ronald Howland, D.M.D., P.A. at a hearing on March 9.

The hearing will be held at 1:30 p.m., at Courtroom A, Fourth
Floor, 300 North Hogan Street, Jacksonville, Florida.

The court will also consider at the hearing the final approval of
Ronald Howland's disclosure statement, which it conditionally
approved on Feb. 7.

Creditors are required to file their objections and cast their
votes accepting or rejecting the plan no later than seven days
before the hearing.

               About Ronald Howland, D.M.D., P.A.

Ronald Howland, D.M.D., P.A. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. M.D. Fla. Case No. 16-01520) on April
22, 2016.  The case is assigned to Judge Paul M. Glenn.  The Debtor
is represented by Richard R. Thames, Esq., at Thames Markey &
Heekin, P.A.

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

On February 3, 2017, the Debtor filed its Chapter 11 plan of
reorganization and disclosure statement.


ROSEWOOD OAKS: Avis Wallace Agrees to Reduce Amount of Claim
------------------------------------------------------------
Rosewood Oaks, LLC, filed with the U.S. Bankruptcy Court for the
Western District of Texas an amended Chapter 11 combined plan of
reorganization and disclosure statement dated Feb. 8, 2017.

The claim of Avis Wallace -- totaling $167,404.76 -- is unimpaired
by the Plan.  This claim holder agrees to reduce her amount to the
extent the other creditors receive payment in full.  The Plan will
be funded by the $584,672.44 cash on hand in the
Debtor-in-Possession account on the Effective Date of the Plan.
The funds are to be used for the payment of Claims to be made under
the Plan.  Funds in a sufficient amount to pay the costs of the
Reorganized Debtor shall be retained until a final decree is filed.
Additional funds may be available from the liquidation of other
assets.  Any proceeds realized will be deposited in the
Debtor-in-Possession account and used to make payments required.

The Amended Disclosure Statement is available at:

           http://bankrupt.com/misc/txwb16-11141-58.pdf

Objections to the Plan must be filed by Feb. 22, 2017.

The bar date to file a proof of claim in this case was Jan. 23,
2017.

As reported by the Troubled Company Reporter on Feb. 6, 2017, the
Debtor filed with the Court a Chapter 11 combined plan of
reorganization and disclosure statement dated Jan. 30, 2017.  Under
that plan, Class 3 Allowed General Unsecured Claims are unimpaired
and the holders will receive payment in full in cash of the allowed
amount of the claim within 30 days of the effective date of the
Plan.

                       About Rosewood Oaks

Rosewood Oaks, LLC, secured in 1999 a land located at 2600 Rosewood
Avenue, Austin, Texas, and built a day care center.  Construction
was complete in August 2001 and it commenced business.  In August
2005, Rosewood Oaks opened a second location.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. W.D.
Tex. Case No. 16-11141) on Sept. 30, 2016.  The petition was signed
by Avis Wallace, manager.  The case is assigned to Judge Tony M.
Davis.  At the time of the filing, the Debtor estimated its assets
and liabilities at $1 million to $10 million.

Fred Walker, Esq., at Fred E. Walker, P.C., serves as the Debtor's
bankruptcy counsel.

The Debtor employed JBGoodwin Realtors as real estate agent and
broker.


S & J CD: Disclosures Okayed, Plan Hearing Set for March 13
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Florida will
consider approval of the Chapter 11 plan of reorganization of S & J
CD Duplication Inc. at a hearing on March 13.

The hearing will be held at 11:30 a.m., at Courtroom D, Fourth
Floor, 300 North Hogan Street, Jacksonville, Florida.

The court will also consider at the hearing the final approval of
the company's disclosure statement, which it conditionally approved
on Feb. 7.

Creditors are required to cast their votes accepting or rejecting
the plan no later than seven days before the March 13 hearing.
Objections must be filed 14 days before the hearing.

                   About S & J CD Duplication

S & J CD Duplication, Inc. filed a Chapter 11 petition (Bankr. M.D.
Fla. Case No. 16-03687) on Oct. 1, 2016, and is represented by
Bryan K. Mickler, Esq., at Law Offices of Mickler & Mickler.  The
case is assigned to Judge Jerry a. Funk.

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

On February 3, 2017, the Debtor filed its Chapter 11 plan of
reorganization and disclosure statement.


SAEXPLORATION HOLDINGS: Aristides No Longer a Shareholder
---------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Christopher M. Brown, Aristides Capital LLC, Aristides
Fund QP, LP and Aristides Fund LP disclosed that as of Feb. 8,
2017, they have ceased to beneficially own shares of common stock
of SAExploration Holdings, Inc.  A full-text copy of the regulatory
filing is available for free at https://is.gd/sZ1gx5

                About SAExploration Holdings, Inc.

SAExploration Holdings, Inc. (NASDAQ: SAEX) and its subsidiaries
are internationally-focused oilfield services company offering a
full range of vertically-integrated seismic data acquisition and
logistical support services in Alaska, Canada, South America, and
Southeast Asia to its customers in the oil and natural gas
industry.  In addition to the acquisition of 2D, 3D, time-lapse 4D
and multi-component seismic data on land, in transition zones
between land and water, and offshore in depths reaching 3,000
meters, the Company offers a full-suite of logistical support and
in-field data processing services.  The Company operates crews
around the world that are supported by over 29,500 owned land and
marine channels of seismic data acquisition equipment and other
leased equipment as needed to complete particular projects.

SAExploration reported a net loss attributable to the Corporation
of $9.87 million in 2015 following a net loss attributable to the
Corporation of $41.8 million in 2014.  As of Sept. 30, 2016,
SAExploration had $214.41 million in total assets, $153.51 million
in total liabilities and $60.90 million in total stockholders'
equity.

                        *     *     *

In June 2016, S&P Global Ratings lowered its corporate credit
rating on SAExploration Holdings to 'CC' from 'CCC-'.  The outlook
remains negative.  The downgrade follows SAExploration's
announcement that it plans to launch an exchange offer to existing
holders of its 10% senior secured notes for shares of common equity
and a new issue of second-lien notes.

In September 2016, Moody's Investors Service withdrew
SAExploration's 'Caa2' Corporate Family Rating and other ratings.


SANITAS PARTNERS: Creditors Seek Ch. 11 Trustee Appointment
-----------------------------------------------------------
GEC, LLC, Highland Holdings, Inc., and Donald Moorehead ask the
U.S. Bankruptcy Court for the District of Virgin Islands to enter
an order appointing a Chapter 11 Trustee for Sanitas Partners,
V.I., LLC.

According to the creditors, the Debtor has demonstrated gross
mismanagement of its business prior to and after the June 13, 2016
petition date.  Thus, the Creditors ask the Court to order the
appointment of a Chapter 11 Trustee to take control of the Debtor
and appropriately manage the business and investigate its assets,
liabilities, and transactions with the other parties.

On or about April 16, 2010, the Debtor entered into a contract
(SCTS Contract) with the Virgin Islands Waste Management Authority
(VIWMA) to design, build and operate a facility known as the St.
Croix Solid Waste Transfer Station (SCTS).  However, the Debtor has
fallen behind on its obligations to its 20 or so employees who
operate the SCTS which has resulted in at least two work stoppages.
Although the Debtor has failed to pay its obligations and its
employees, it has continued to pay its parent company a large
monthly management fee, which fee recently increased from $15,000
per month to $20,000 per month.

Moreover, the Petitioning Creditors became aware of the missteps of
the current management that have led to the Debtor's inability to
pay debts as they come due and the repeated closures of the St.
Croix Transfer Station that processes waste for the island to the
detriment of not only the Debtor's creditors, but residents of St.
Croix as a whole. The Creditors opined that there is no better
evidence that mismanagement is ongoing than the repeated closures
of the St. Croix Transfer Station which constitutes the Debtor's
sole source of income.

The Creditors are represented by:

         Todd M. Conley, Esq.
         Jeffrey L. Tarkenton, Esq.
         WOMBLE CARLYLE SANDRIDGE & RICE, LLP
         1200 Nineteenth Street, N.W., Suite 500
         Washington, DC 20036
         Tel.: (202) 857-4450
         Fax: (202) 261-0050
         E-mail: tconley@wcsr.com
                 jtarkenton@wcsr.com

The Debtor is represented by:

         Warren B. Cole, Esq.
         HUNTER & COLE
         1138 King St., Ste. 3
         St. Croix, VI 00820
         Tel.: (340) 773-3535
         Fax: (340) 778-8241
         E-mail: wbcole@huntercolevi.com

             About Sanitas Partners

GEC LLC, Donald Moorehead, and Highland Holdings, Inc., filed an
involuntary Chapter 11 petition against Sanitas Partners, V.I., LLC
(Bankr. D. V.I. Case Number: 16-10005) on June 13, 2016.

The Petitioning Creditors are represented by:

         Todd M. Conley, Esq.
         Jeffrey L. Tarkenton, Esq.
         WOMBLE CARLYLE SANDRIDGE & RICE, LLP
         1200 Nineteenth Street, N.W., Suite 500
         Washington, DC 20036
         Tel.: (202) 857-4450
         Fax: (202) 261-0050
         E-mail: tconley@wcsr.com
                 jtarkenton@wcsr.com

The Debtor is represented by Warren B. Cole, Esq., in St. Croix,
Virgin Islands.


SHANGOL INC: Ch. 11 Trustee Appointment, Ch. 7 Conversion Sought
----------------------------------------------------------------
Ostrowitz & Ostrowitz, attorney for Alma Bank, filed a cross-motion
asking the U.S. Bankruptcy for the District of New Jersey to hold
Shangol, Inc., et al., in contempt, compel the compliance with the
Court's Order, direct the appointment of a Chapter 11 Trustee, or
conver the Chapter 11 case to one under Chapter 7 or dismiss the
Chapter 11 case.

                About Shangol Inc.

Shangol Inc. sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. N.J. Case No. 16-29313) on October 9, 2016. The
petition was signed by Albert Nazarian, president.  

The case is assigned to Judge Stacey L. Meisel.  David L. Stevens,
Esq., at Scura, Wigfield, Heyer & Stevens, LLP represents the
Debtor.

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


SIRGOLD INC: DOJ Watchdog Proposes S. LaMonica as Ch.11 Trustee
---------------------------------------------------------------
U.S. Trustee William K. Harrington filed with the U.S. Bankruptcy
Court for the Southern District of New York a notice of approval of
the appointment of Salvatore LaMonica, Esq., as the Ch. 11 Trustee
for Sirgold, Inc.

The U.S. Trustee requires Mr. LaMonica to notify Paul K.
Schwartzberg, the U.S. Trustee's Trial Attorney, of his acceptance
in writing by signing and returning the notice by first class mail
within five business days from receipt of the appointment and by
providing proof of the posting of a bond in the amount of $170,000
pursuant to section 322 of the Bankruptcy Code.

                   About Sirgold Inc.

Sirgold, Inc. sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D.N.Y. Case No. 16-12963) on October 21, 2016. The
case is assigned to Judge Shelley C. Chapman. Gary M. Kushner, Esq.
and Scott D. Simon, Esq. of Goetz Fitzpatrick LLP serve as
bankruptcy counsel.

On December 8, 2016, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors. The committee is
represented by Pick & Zabicki, LLP. Citrin Cooperman & Company LLP
serves as its accountant.


SKIN SENSE: Court Okays Continued Sale of Gift Cards
----------------------------------------------------
In a memorandum opinion regarding postpetition gift card proceeds
dated Feb. 3, 2017, a full-text copy of which is available at
https://is.gd/e95pkE from Leagle.com, Judge Joseph N. Callaway of
the U.S. Bankruptcy Court for the Eastern District of North
Carolina has allowed Skin Sense, Inc., to continue to honor gift
cards sold prepetition and continue to sell gift cards postpetition
at its discretion and business judgment, but subject to the
continued segregation of 85% of the sale proceeds as previously
directed by the Court.

The Debtor, on Nov. 4, 2016, filed a motion to establish procedure
regarding its use of gift cards.  On Nov. 8, 2016, the Court denied
on an interim basis the Debtor's request to continue using all
proceeds received from gift cards sold after the filing of the
Chapter 11 case in its ordinary business operations.  As set forth
in the written order entered on Dec. 1, 2016, the Debtor was
required to segregate all gift card related sale receipts into a
separate account pending further hearing on the matter.

At the invitation of the court, the Debtor filed a memorandum of
law in response to the Court's decision regarding the procedure
motion, seeking authority to use all proceeds generated from
postpetition gift card sales in the course of ordinary daily
business operations, in keeping with its practice prior to the
filing of its Chapter 11 case.

On Dec. 21, 2016, the Debtor was permitted to continue selling gift
cards in the course of normal business operations.  However, the
Debtor was allowed to use in its business operations only 15% of
postpetition gift card sale proceeds, with the balance to be held
in a segregated bank account pending redemption of the gift card.
Once redeemed, the previously deemed unearned 85% sale proceeds
could be recognized and transferred to the Debtor's operating
account for use pursuant to cash collateral orders entered in the
case.

The Debtor sought to alter the retention/segregation ratio or
otherwise obtain full use of the segregated account proceeds, all
of which have been denied from the bench and in written orders.

Judge Callaway held: "No one is forcing the Debtor to sell
postpetition gift cards. The segregation of funds required in the
earlier orders issued in the case guards against potential
administrative claims of remaining gift card customers by setting
aside a pool from which refunds can later be drawn if necessary.
The need for adequate protection in the form of a segregated bank
account is the price required of the Debtor if it wishes to
continue the sale of gift cards while in chapter 11.  Accordingly,
the Debtor may continue to honor gift cards sold pre-petition and
continue to sell gift cards postpetition at its discretion and
business judgment, but subject to the continued segregation of
eighty-five percent of the sale proceeds as previously directed by
the court."

Skin Sense, Inc., Debtor, is represented by Ciara L. Rogers, The
Law Offices of Oliver & Cheek, PLLC.

                     About Skin Sense

Headquartered in Raleigh, North Carolina, Skin Sense, Inc., fdba Be
Happy, LLC, dba Skin Sense, A Day Spa, filed for Chapter 11
bankruptcy protection (Bankr. E.D.N.C. Case No. 16-05626) on Oct.
28, 2016, estimating its assets and liabilities at between $1
million and $10 million.  The petition was signed by Angela D.
Padgett, president.

Judge Joseph N. Callaway presides over the case.

Ciara L. Rogers, Esq., at The Law Offices of Oliver & Cheek, PLLC,
serves as the Debtor's bankruptcy counsel.


SON CORP: Hearing on Plan Outline Scheduled for March 22
--------------------------------------------------------
The Hon. Maureen A. Tighe of the U.S. Bankruptcy Court for the
Central District of California will hold on March 22, 2017, at 9:30
a.m. a hearing to consider the approval of Son Corporation's
amended disclosure statement filed on Jan. 31, 2017, referring to
the Debtor's amended Chapter 11 plan.

Objections to the adequacy of the Disclosure Statement must be
filed not less than 14 days before the hearing.

Son Corp. sought Chapter 11 protection (Bankr. C.D. Cal. Case No.
14-11061) on Feb. 28, 2014.  Judge Maureen Tighe presides over the
case.

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

The Debtor tapped Raymond H. Aver, Esq., at Law Offices of Raymond
H. Aver APC as counsel.

The petition was signed by Orlando Armaswalker,
secretary/treasurer.


SOUTHERN TRACTS: Case Summary & 16 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Southern Tracts, Inc.
        Post Office Box 582
        Glenwood, GA 30428

Case No.: 17-30047

Chapter 11 Petition Date: February 13, 2017

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

Judge: Hon. Edward J. Coleman III

Debtor's Counsel: Jon A. Levis, Esq.
                  MERRILL & STONE, LLC
                  P O Box 129
                  Swainsboro, GA 30401
                  Tel: 478-237-7029
                  Fax: 478-237-9211
                  E-mail: bkymail@merrillstonehamilton.com

                     - and -

                  Jesse C. Stone, Esq.
                  MERRILL & STONE, LLC
                  P O Box 129
                  Swainsboro, GA 30401
                  Tel: 478-237-7029
                  Fax: 478-237-9211
                  E-mail: bkymail@merrillstonehamilton.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $100,000 to $500,000

The petition was signed by Michael A. Pickle, CEO.

A copy of the Debtor's list of the Debtor's 16 largest unsecured
creditors is available for free at
http://bankrupt.com/misc/gasb17-30047.pdf


SOUTHWEST CUTTERS: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Southwest Cutters, LLC
        1430 Gail Borden Pl., Ste. 1-C
        El Paso, TX 79935

Case No.: 17-30238

Chapter 11 Petition Date: February 13, 2017

Court: United States Bankruptcy Court
       Western District of Texas (El Paso)

Judge: Hon. Christopher H. Mott

Debtor's Counsel: E. P. Bud Kirk, Esq.
                  TERRACE GARDENS
                  600 Sunland Park Drive, Bldg 4, #400
                  El Paso, TX 79912
                  Tel: (915) 584-3773
                  E-mail: budkirk@aol.com

Total Assets: $482,480

Total Liabilities: $3.02 million

The petition was signed by Donald A. Martinez, Sr., managing
member.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/txwb17-30238.pdf


SUBMARINA INC: Ch.11 Trustee Taps Humphrey Law as Legal Counsel
---------------------------------------------------------------
The Chapter 11 trustee for Submarina, Inc. seeks approval from the
U.S. Bankruptcy Court for the District of Nevada to hire legal
counsel.

W. Donald Gieseke, the court-appointed trustee, proposes to hire
Humphrey Law PLLC to give legal advice regarding his duties under
the Bankruptcy Code, assist in evaluating whether a plan of
reorganization should be pursued, evaluate secured claims against
the Debtor's property, and provide other legal services.

Humphrey has agreed to an hourly rate of $300.  The firm's in-house
paralegal and investigator will charge $150 per hour.

The firm is a "disinterested person" as defined in section 101(14)
of the Bankruptcy Code, according to court filings.

Humphrey can be reached through:

     L. Edward Humphrey, Esq.
     Humphrey Law PLLC
     201 West Liberty Street, Suite 204
     Reno, Nevada 89501
     Tel: 775-420-3500
     Fax: 855-485-6329
     Email: ehumphrey@hlawnv.com

                       About Submarina Inc.

Submarina Inc., a franchisor of submarine sandwich restaurants,
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's case.


TC EXPRESS: Disclosures Okayed, Plan Hearing on March 22
--------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Mississippi
will consider approval of the Chapter 11 plan of TC Express LLC at
a hearing on March 22.

The hearing will be held at 10:30 a.m., at the Oxford Federal
Building, 911 Jackson Avenue, Oxford, Mississippi.

The court will also consider at the hearing the final approval of
TC Express's disclosure statement, which it conditionally approved
on Feb. 7.

The order set a March 13 deadline for creditors to cast their votes
accepting or rejecting the plan, and file their objections.

TC Express is represented by:

     Gwendolyn Baptist, Esq.
     The Baptist Law Firm PLLC
     1305 Church Road East
     Southaven, MS 38671
     Phone: (662)349-9179
     Email: sd@baptistlaw.com

                      About TC Express LLC

TC Express LLC sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Miss. Case No. 16-11374) on April 20, 2016.  The
petition was signed by Adam Holmes, member.  

The Debtor is represented by Gwendolyn Baptist-Hewlett, Esq., at
The Baptist Law Firm PLLC.  The case is assigned to Judge Jason D.
Woodard.

At the time of the filing, the Debtor estimated assets of less than
$50,000 and liabilities of less than $500,000.


TEXARKANA HOTELS: Naples Buying Assets for $6.5 Million
-------------------------------------------------------
Texarkana Hotels, LLC, asks the U.S. Bankruptcy Court for the
Eastern District of Texas to authorize the sale of the Debtor's
Hotel and Convention Center, the FF&E, the Tax Benefit Agreements,
and all of the Debtor's inventory ("Sale Assets") to James J.
Naples for $6,550,000.

The Debtor owns these real and personal property:

          a. The land and improvement thereon located at 5200
Convention Plaza Drive, Texarkana, Arkansas ("Hotel and Convention
Center");

          b. All of the Debtor's rights, privilege, easements,
hereditaments and appurtenances to the Hotel and Convention Center
and including all of its interests (if any) in and to any land
lying the bed of any street, road, avenue or alley, open or
proposed, public or private, in front of or adjoining the land to
the center line thereof;

          c. All furniture, fixtures and personal property
presently attached to, placed or situated upon the Hotel and
Convention Center or utilized in connection with the operations of
the Hotel and Convention Center ("FF&E"); and

          d. All of the Debtor's tax benefit, advertising and
promotion and other agreements and incentive contracts with
governmental entities regarding the Hotel and Convention Center
("Tax Benefit Agreements") including (but not limited to) (i) the
Arkansas Tourism Development Incentive Program Tax
Credit Agreement between Seller and the Arkansas Economic
Development Commission, dated March 31, 2011, as such agreement has
been amended or revised, and (ii) the Oct. 30, 2009, agreement
between Seller and City of Texarkana, Arkansas and/or with the
Texarkana Advertising and Promotion Commission as such agreements
have been amended, revised and supplemented (including all related
or affiliated advertising and promotion tax credits, rebates and
reimbursements).

The Debtor is a Texas limited liability company, the only 2 members
of which are Hiren Patel, who owns 95% of the Debtor's  membership
interests, and Dineschandra Patel who owns 5% of the membership
interests.  The Debtor owns and operates the Hotel and Convention
Center.

The Hotel and Convention Center is a state of the art hotel located
off Interstate Highway 30, with 127 rooms.  The hotel is currently
operated under the terms of the Holiday Inn Hotel New Development
License Agreement, dated Aug. 6, 2010 ("License Agreement") between
Holiday Hospitality Franchising,  LLC ("HHF") and the Debtor.  The
project cost for the Hotel and Convention Center was approximately
$15,000,000.

The Debtor also owns FF&E utilized in connection with the
operations of the Hotel and Convention Center.  The Debtor's
License Agreement with HHF is not included in the Sale Assets.
Subject to bankruptcy court approval, the License Agreement will be
rejected by the Debtor and terminated at Closing.

On Feb. 13, 2012, the Debtor signed and delivered to Peoples State
Bank a promissory note in the original principal amount of
$2,500,000 ("Note 1").  MidSouth Bank, N.A. subsequently acquired
Peoples State Bank and it is now the owner and holder of Note 1.
The unpaid balance of Note 1 on the Petition Date was $2,533,552,
plus MidSouth's allowable pre-bankruptcy attorneys' fees, expenses,
and costs.

On Feb. 13, 2012, the Debtor signed and delivered to Peoples State
Bank a promissory note in the original principal amount of
$7,500,000 ("Note 2").  MidSouth is also the owner and holder of
Note 1.  The unpaid balance of Note 2 on the Petition Date was
$7,571,833, plus MidSouth's allowable pre-bankruptcy attorneys'
fees, expenses, and costs.

On Sept. 26, 2013, the Debtor signed and delivered to MidSouth a
promissory note in the original principal amount of $475,000 ("Note
3").  The unpaid balance of Note 3 on the Petition Date was
$459,673, plus MidSouth's allowable pre-bankruptcy attorneys' fees,
expenses and costs.  This note has been sold by MidSouth.

MidSouth holds all secured claims against Debtor and virtually all
of the allowed unsecured claims.

The Debtor is a counter-party to the Tax Benefit Agreements with
the City of Texarkana, the Texarkana Advertising and Promotion
Commission, and the State of Arkansas.  Those agreements provide
"revenue," "income" and other "benefits" to Debtor and arise from
the Hotel and Convention Center.  The Tax Benefit Agreements are
executory contracts within the meaning of 11 U.S.C. Section 365,
such agreements will be assumed by the Debtor and assigned to the
purchaser as a part of the Sale Assets described.  If the Tax
Benefit Agreements are not executory contracts but are, instead,
vested rights and interests of the Debtor, those rights will also
be included as a part of the Sale Assets to the extent permitted or
required by the terms of the Naples APA.

It is imperative that assets of Debtor's estate be sold immediately
since the Sale Assets are subject to decline or loss.  It is clear
to the Debtor that unless the Debtor proceeds with the sale, the
Debtor may not be able to rely upon the financial support of
MidSouth for many more weeks.

On Nov. 22, 2016, the Debtor filed its Motion for Order Authorizing
and Approving Procedures for the Sale of Substantially all of
Debtor's Assets Free and Clear of Liens Assumption and Assignment
of Executory Contracts and Related Relief ("Bid Procedures
Motion").  On Dec. 5, 2016, the Court entered its order granting
the Bid Procedures Motion ("Bid Procedures Order").

Pursuant to the Bid Procedures Order, the Debtor immediately served
notice of the Court approved Bid Procedures on at least 28
perspective bidders or purchasers.  In response to such notice, the
Debtor received numerous inquiries.  At least 9 interested parties
conducted due diligence in one form or the other concerning the
Sale Assets and were granted access to the Hotel and Convention
Center and/or financial information regarding Debtor's operations.

At the conclusion of due diligence by the interested parties, 4
proposed Asset Purchase Agreements were signed and submitted to
Debtor with "good faith deposits."  It was determined by Debtor
that the 4 interested parties qualified as "Qualified Bidders"
under the Bid Procedures.  Those Qualified Bidders included the
Buyer, Hemant Chatrala, SSG Hotels, LLC and Hi-Texarkana, I, LLC.
Under the terms of the Bid Procedures, MidSouth was also an
automatic "Qualified Bidder."

An auction under the Bid Procedures followed.  Technically, the
Auction commenced on Jan. 16, 2017 and was immediately convened and
recessed to Jan. 19, 2017.

Hi-Texarkana withdrew from bidding before the Auction.  After the
commencement of the Auction, SSG Hotels also withdrew from bidding.
After full and fair opportunity for each Qualified Bidder to
contend for the acquisition of the Sale Assets, it was determined
by the Debtor (after consulting with MidSouth) that the Successful
Bid was submitted by the Buyer in the amount of $6,550,000.
MidSouth made a credit bid in the amount of $6,495,000.  MidSouth's
credit bid is the "back-up bid" under the terms of the Bid
Procedures.

The Debtor, with the consent of MidSouth Bank, has concluded that a
sale of the Sale Assets to the Buyer is in the best interest of the
Debtor's estate and the creditors of the estate.  If the Buyer does
not close on the purchase of the Sale Assets, MidSouth's "Backup
Bid" is the next highest and best bid and a sale of the Sale Assets
to MidSouth under the terms of the credit bid contained in the
Backup APA would be in the best interest of the Debtor's estate and
the creditors of the estate.

The Successful Bid by the Buyer provides for, among other things,
the sale of all of Debtor's right, title and interest into and
under the Sale Assets free and clear of all liens, claims,
encumbrances, and other interests.

Other essential terms contained in the Naples APA are:

          a. Parties: The parties to the Naples APA are Debtor as
Seller, and James J. Naples, or his permitted successors and
assigns, as the Buyer.

          b. Sale Assets: The assets of Debtor's estate to be
purchased and sold under the Naples APA consist of all of the
Debtor's right, title, and interest in the Hotel and Convention
Center, the FF&E, all of Debtor's inventory and the Tax Benefit
Agreements.

          c. Purchase Price: $6,550,000 in cash

          d. Deposit: $327,500

          e. Closing: Consummation of the transactions contemplated
by the Naples APA will occur at the offices of the Seller's
counsel, Bill F. Payne, Law Offices of Bill F. Payne, 12770 Coit
Road, Suite 541, Dallas, Texas, within 1 business day following the
date on which the Sale Order becomes a Final Order, or such other
time and place as the parties (with the consent of MidSouth)
mutually agree in writing.  The projected Closing Date is Feb. 28,
2017.

The terms of the Backup APA are essentially the same as those of
the Naples APA, with these notable exceptions: (i) MidSouth's
credit bid was for $6,495,000; (ii) MidSouth's consideration paid
will be provided only in the form of a credit bid; and (iii) no
"good faith deposit" was required.

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

      http://bankrupt.com/misc/Texarkana_Hotels_123_Sales.pdf

The Debtor believes the Naples APA is and should be accepted as the
"Successful Bid" under the terms of the Bid Procedures Order.
Although the Successful Bid is not in an amount sufficient to
satisfy the claims of MidSouth secured by the Sale Assets, MidSouth
has consented to the sale on the terms set forth in the Naples APA,
the Motion and the proposed Sale Order filed.  Alternatively, the
Backup Bid of MidSouth should be approved.

The Debtor designated the Tax Benefit Agreements for assumption and
assignment to the Buyer.  There are no "Cure Costs" associated with
any of the executory contracts.  The Tax Benefit Agreements include
unperformed duties on the part of both parties to each agreement.
For the Debtor's part, it is obligated to use funds paid under the
agreements "exclusively for the convention center portion of the
complex."  The agreements may be assumed and assigned.

The Debtor believes that the relief requested will maximize the
value of the Sale Assets in an expedited manner that best
accomplishes under the circumstances the Debtor's goal of ensuring
that the highest and best cash price is obtained for the Sale
Assets.  Accordingly, the Debtor asks that the Court grant the
relief requested, and other and further relief as the Court may
deem just and proper.

The Debtor asks that the Court directs that the Sale Order become
effective immediately upon its entry, notwithstanding the automatic
stay provisions set forth in Rules 6004(g) of the Bankruptcy Rules,
such that the stay provisions will not apply to the Bid Procedures
Order.

The Purchaser:

          James Naples
          c/o Kyle B. Davis
          625 Sam Houston Drive
          P.O. Box 1221
          New Boston, TX 75570
          Telephone: (903) 628-5571
          E-mail: kdavis@ldatty.com

MidSouth Bank can be reached at:

          MIDSOUTH BANK, N.A.
          Attn: David Bussell, Special Asset Manager
          8360 West 70th St.
          Greenwood, LA 71033
          E-mail: david.bussell@midsouthbank.com

                 - and -

          MIDSOUTH BANK, N.A.
          Attn: Christopher M. Sylvia
          880 San Antonio Ave.
          Many, LA 71449
          E-mail: christopher.sylvia@midsouthbank.com

MidSouth Bank is represented by:

          RITCHESON, LAUFFER & VINCENT, P.C.
          Attn:  Scott A. Ritcheson
          821 ESE Loop 323, Suite 530
          Tyler, TX 75701
          E-mail: scottr@rllawfirm.net

                    About Texarkana Hotels

Texarkana Hotels, LLC, operates a 127 room hotel and convention
center under the name of Holiday Inn and the Arkansas Convention
Center located at 5200 Convention Plaza in Texarkana, Arkansas.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E. D. Texas Case No. 16-50056) on March 31, 2016.
The
petition was signed by Hiren Patel, managing member.  

At the time of the filing, the Debtor estimated its assets at $1
million to $10 million and debts at $10 million to $50 million.


TOWERSTREAM CORP: Philip Urso to Assist in CEO Transition
---------------------------------------------------------
The Compensation Committee of the Board of Directors of Towerstream
Corporation approved a new compensation arrangement with former
Chief Executive Officer Philip Urso effective Feb. 1, 2017.

Mr. Urso resigned from his position as interim chief executive
officer of the Company on Jan. 24, 2017.  The Company has not
entered into any severance agreement with Mr. Urso in connection
with his resignation.  Mr. Urso's decision to resign did not result
from any disagreement with the Company, the Company's management or
the Board of Directors and Mr. Urso will remain in his position
Chairman of the Company's Board of Directors.

For a period of three months, Mr. Urso will assist in the
transition to a new chief executive officer and provide other
support and services to the Company.  The agreement may be extended
by the mutual consent of the parties and includes the following:
(i) a monthly salary of $12,500 paid according to the Company's
standard pay practices; (ii) a car allowance of $1,000 per month;
and (iii) continued health insurance coverage for Mr. Urso and his
dependents.

On Feb. 4, 2017, the Committee approved performance based stock
option grants to Mr. Urso, Arthur Giftakis, the Company's chief
operating officer, and Frederick Larcombe, the Company's chief
financial officer.  Mr. Urso received options to purchase 500,653
shares of common stock of the Company, which vested immediately
upon grant.  Mr. Giftakis received options to purchase 439,008
shares of common stock of the Company, which vest quarterly over a
two-year period.  Mr. Larcombe received options to purchase 250,326
shares of common stock of the Company, which vest quarterly over a
two-year period.  All of the options expire ten years from the date
of grant and have an exercise price equal to the closing price of
the common stock of the Company on the date of grant.

                  About Towerstream Corporation

Towerstream Corporation (NASDAQ:TWER) offers broadband services in
12 urban markets including New York City, Boston, Los Angeles,
Chicago, Philadelphia, the San Francisco Bay area, Miami, Seattle,
Dallas-Fort Worth, Houston, Las Vegas-Reno, and the greater
Providence area.

The Company reported a net loss of $40.5 million in 2015, a net
loss of $27.6 million in 2014 and a net loss of $24.8 million in
2013.

As of Sept. 30, 2016, Towerstream had $36.76 million in total
assets, $43.18 million in total liabilities and a total
stockholders' deficit of $6.42 million.


TOWERSTREAM CORP: Stockholders OK 2 Proposal at Special Meeting
---------------------------------------------------------------
A special meeting of the stockholders of Towerstream Corporation
was held on Feb. 8, 2017, at which the stockholders:

   (i) approved the granting to the Board of Directors the
       authority, in its sole direction, in determining a higher
       stock price that may be required to meet the listing
       qualifications for one of the national stock exchanges, to
       approve an amendment to the Company's Certificate of
       Incorporation to effect a reverse stock split of its issued
       and outstanding common stock by a ratio of not less than
       one-for-two and not more than one-for-twenty at any time
       prior to Feb. 8, 2018, with the exact ratio to be set at a
       whole number within this range as determined by the Board
       of Directors;

  (ii) authorized an amendment to the Company's 2016 Equity
       Incentive Plan to increase the number of shares available
       for issuance thereunder to 2,521,347 from 1,435,000.

                 About Towerstream Corporation

Towerstream Corporation (NASDAQ:TWER) offers broadband services in
12 urban markets including New York City, Boston, Los Angeles,
Chicago, Philadelphia, the San Francisco Bay area, Miami, Seattle,
Dallas-Fort Worth, Houston, Las Vegas-Reno, and the greater
Providence area.

The Company reported a net loss of $40.5 million in 2015, a net
loss of $27.6 million in 2014 and a net loss of $24.8 million in
2013.

As of Sept. 30, 2016, Towerstream had $36.76 million in total
assets, $43.18 million in total liabilities and a total
stockholders' deficit of $6.42 million.


TOWNCENTER PLAZA: Seeks to Hire Smaha Law Group as Legal Counsel
----------------------------------------------------------------
Towncenter Plaza, LLC seeks approval from the U.S. Bankruptcy Court
for the Southern District of California to hire legal counsel.

The Debtor proposes to hire Smaha Law Group to give legal advice
regarding its duties under the Bankruptcy Code, and provide other
legal services related to its Chapter 11 case.

John Smaha, Esq., the attorney anticipated to represent the Debtor,
charges an hourly rate of $425.  Other attorneys at Smaha who may
assist him charge $285 per hour.

Smaha does not represent any interest adverse to the Debtor or its
bankruptcy estate, according to court filings.

The firm can be reached through:

     John L. Smaha, Esq.
     Smaha Law Group
     A Professional Law Corporation
     2398 San Diego A venue
     San Diego, CA 92110
     Phone: (619) 688-1557

                     About Towncenter Plaza

Towncenter Plaza, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S. D. Calif. Case No. 17-00623) on February
2, 2017.  At the time of the filing, the Debtor estimated assets
and liabilities of less than $50 million.


TRANS COASTAL: Disclosure Statement Hearing Set for March 21
------------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of Illinois is
set to hold a hearing on March 21, at 9:30 a.m., to consider
approval of the disclosure statement, which explains the Chapter 11
plan of reorganization of Trans Coastal Supply Company, Inc.

The hearing will take place at the U.S. Courthouse, Room 232, 600
E. Monroe Street, Springfield, Illinois.  Objections are due by
March 14.

The plan contemplates the reorganization of Trans Coastal,
continued operations with an emphasis on growth and cash flow,
while restructuring the U.S. Bank debt.  Under the plan, U.S. Bank
will receive $800,000 as partial payment of its claim.  The balance
will be satisfied by granting the bank a $300,000 general unsecured
claim.

                   About Trans Coastal Supply

Headquartered in Decatur, Illinois, Trans Coastal Supply Company
Inc. ships grain and other agricultural products like the ethanol
byproduct distillers dried grains (DDGS) in containers to overseas
buyers.

Trans Coastal filed for Chapter 11 bankruptcy protection (Bankr.
C.D. Ill. Case No. 15-71147) on July 23, 2015.  Judge Mary P.
Gorman presides over the Debtor's case.  Jeffrey D. Richardson,
Esq., at Richardson & Erickson, represents the Debtor.

The Debtor estimated both assets and liabilities between $10
million and $50 million.


UNIQUE VENTURES: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Unique Ventures Group, LLC
        100 First Avenue, Suite 800
        Pittsburgh, PA 15222

Case No.: 17-20526

Type of Business: The Debtor operates 28 Perkins Restaurants and
                  Bakeries

Chapter 11 Petition Date: February 13, 2017

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

Judge: Hon. Thomas P. Agresti

Debtor's Counsel: David K. Rudov, Esq.
                  RUDOV LAW
                  437 Grant Street, Suite 1806
                  The Frick Building
                  Pittsburgh, PA 15219
                  Tel: 412-223-5030
                  Fax: 412-281-1121
                  Email: david@rudovlaw.com

Estimated Assets: $10 million to $50 million

Estimated Debts: $10 million to $50 million

The petition was signed by Eric E. Bononi, receiver, CEO and CRO.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
ABCO Fire Protection, Inc.           Trade Debt          $13,825

Access Point                         Trade Debt           $8,786

Atom-Matic Refrigeration             Trade Debt          $15,076

Cintas Corporation                   Trade Debt          $24,670

CT Parker ENT                        Trade Debt          $12,131

National Fuel                        Trade Debt           $9,756

Ohio Edison Co.                      Trade Debt           $7,705

Osterberg Refrigeration              Trade Debt          $14,709

Penn Power/Penelac                   Trade Debt          $24,412

Perkins & Marie Callenders, LLC      Trade Debt         $149,230

Regional Roofing & Construction      Trade Debt           $7,900

Reinhart Foodservice                 Trade Debt         $242,571

Republic Waste Services              Trade Debt          $13,361

Staples Advantage                    Trade Debt           $7,222

T&D Landscape & Lawn Care            Trade Debt          $11,551

Trabon                              Trade Debt            $8,487

Travaglini Ent Inc.                 Trade Debt            $9,212

Tri Mark SS Kemp                    Trade Debt           $12,244

United Asphalt & Seal Coating       Trade Debt            $9,550

W C Zabel Co.                       Trade Debt           $16,161


UNIQUE VENTURES: Files for Chapter 11 Protection Amid Tax Woes
--------------------------------------------------------------
Burdened with unsustainable amount of unpaid tax obligations,
Unique Ventures Group, LLC, owner of 28 Perkins restaurants and
with interest in some Burger King Restaurants, has filed a
voluntary petition under Chapter 11 of the Bankruptcy Code.

Founded in 2006 and based in Meadville, Pennsylvania, Unique
originally purchased the Perkins restaurant operations for
approximately $38,000,000 which transaction was financed by Spirit
Funding, as disclosed in court papers.

Unique said that sales tax delinquency totaling $1.8 million
together with payroll tax obligations pose a dire situation for its
businesses.  The Company said that while it negotiated with the
Pennsylvania Department of Revenue to reduce payments of past-due
balance, this amount remains difficult for Unique to meet while
also paying other operating expenses.  In addition to these
priority tax obligations, Unique currently owes general accounts
payable of roughly $2,250,000.

"This Chapter 11 filing will assist in providing an amount of
"breathing room" necessary to help the reorganization of these
restaurant operations most likely by a 363 Sale Transaction or a
recapitalization and Plan of Reorganization," according to Eric E.
Bononi, the court-appointed receiver, chief operating officer and
chief restructuring officer of Unique.

In February 2016, an action was commenced in the Court of Common
Pleas of Allegheny County, Pennsylvania, at case number GD
16-002322, seeking, among other relief, the appointment of a
receiver for Unique.  By Order dated Oct. 13, 2016, the Hon.
Christine Ward appointed Eric E. Bononi as the receiver for Unique.


As receiver, Mr. Bononi is in possession of all the Debtor's assets
and is responsible for the operation, management, maintenance and
preservation of the Property under the terms of the Receivership
Order, including taking such steps as the Receiver believes are
necessary in order to manage, operate, protect, and preserve the
Property.

Upon his appointment, Mr. Bononi began to investigate various
allegations made by the rival factions of insiders and to perform a
forensic accounting of the business.  The Receiver has also
transferred the employee payroll operations (approximately $15
million yearly) to ADP for outside handling to ensure the timely
payment of all payroll taxes, according to court documents.

As a result of the investigation, the Receiver discovered that the
ownership and structure of Unique and its related entities, such as
CBK Future's, Inc. which may own an interest in ten Burger King
locations in Ohio, and Damon's of North America, LLC, which owns
the trademark and associated Damon's property, are unclear and
confused.  The Receiver said this confusion in corporate structure
further impairs the operations of Unique and the potential sale of
assets.

The Chapter 11 case (Bankr. W.D. Pa. Case No. 17-20526) is assigned
to the Hon. Judge Thomas P. Agresti.

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

David K. Rudov, Esq., at Rudov Law, serves as counsel to the
Debtor.


VENT ALARM: Disclosure Statement Hearing Set for April 5
--------------------------------------------------------
The U.S. Bankruptcy Court in Puerto Rico is set to hold a hearing
on April 5, at 9:00 a.m., to consider approval of the disclosure
statement, which explains the Chapter 11 plan of reorganization of
Vent Alarm Corp.

Objections must be filed not less than 14 days prior to the
hearing.

Vent Alarm's plan proposes to pay general unsecured creditors
$120,000 or 4.24% of their claims allowed by the court.  

General unsecured creditors, which assert more than $2.8 million in
claims, will receive 60 equal monthly payments on a pro-rata basis.
These creditors are entitled to vote on the plan, which will be
funded by income from the company's operations.

                      About Vent Alarm Corp.

Vent Alarm Corp., also known as Samcor Valcor, is engaged in the
sale, distribution and installation of security windows, doors and
related products, made up aluminum, valwood and glass materials.
Its principal office and place of business is located at Real 189
km. 9.2 Gurabo, Puerto Rico.

Vent Alarm, dba Valcor, sought Chapter 11 bankruptcy protection
(Bankr. D.P.R. Case No. 15-09316) on Nov. 24, 2015.  The petition
was signed by Fernando Sosa, president.

The Debtor's counsel is Alexis Fuentes Hernandez, Esq., at Fuentes
Law Offices, LLC, in San Juan, Puerto Rico.  WRG Certified Public
Accountants, PSC serves as the Debtor's financial advisor and
in-house accountant.

The Debtor has assets totaling $7.95 million and liabilities
totaling $7.55 million.

On February 2, 2017, the Debtor filed a disclosure statement and
Chapter 11 plan of reorganization, which proposes to pay general
unsecured creditors $120,000 or 4.24% of their allowed claims.


WOODHAVEN TOWNHOUSE: March 9 Plan Confirmation Hearing
------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas has
conditionally approved Woodhaven Townhouse Association, Inc.'s
first amended disclosure statement dated Feb. 6, 2017,

The hearing to consider final approval of the Debtor's Disclosure
Statement and to consider the confirmation of the Chapter 11 Plan
will be held on March 9, 2017, at 9:00 a.m.

March 3, 2017, is the last day for filing and serving written
objections to: (1) the final approval of the Debtor's Disclosure
Statement; or (2) confirmation of the Debtor's proposed Chapter 11
Plan pursuant to Federal Rule of Bankruptcy Procedure 3020(b)(1)
and all comments or objections not timely filed and served by the
deadline will be deemed waived.

March 3, 2017, is also the deadline for filing written acceptances
or rejections of the Debtor's proposed Chapter 11 Plan.  Ballots
accepting or rejecting the Plan must be received by 5:00 p.m. (CDT)
on that date.

Holders of Class 5 Allowed General Unsecured Claims will be paid
once allowed in full over 48 months.  The payments will be made in
monthly payments on the first day of the month following the
Effective Date and will continue on the first day of each month
thereafter until paid as called for by this Plan.  The estimated
amount in this class is $83,000.  Of this amount $69,000 is
disputed.  Christina Dudek's claim is treated in this class.  The
Plan is discharging any claims of any party including claims of
homeowners that may have existed or exist as of the time the case
is discharged.  Homeowners should file claims to the extent they
have claims related to any claim for which they believe the Debtor
has responsibility.  To the extent a claim is disputed by the
Debtor, the funds to pay the disputed claim will be escrowed on a
monthly basis in the amount claimed by the claimant for the claim;
until the claimant is successful in proving their right to an
allowed claim in this class.  The reserved amount will be used to
pay the allowed claim under the terms of the Plan.  The Debtor will
essentially escrow the money to pay the claim if allowed.  The
Class 5 Claims are impaired and the holders of a Class 5 Claim are
entitled to vote to accept or reject the Plan.

The Class 5 claims are projected to be paid approximately $1,729.17
plus any additional interest beginning in the first month of the
Plan through month 48.

Money to fund the Plan will come from the Debtor's continued
business operations which is the management and ongoing business of
a neighborhood homeowner's association.

The First Amended Disclosure Statement is available at:

            http://bankrupt.com/misc/txnb16-34424-49.pdf

                     About Woodhaven Townhouse

Woodhaven Townhouse Association, Inc., is a townhome owner's
association.  The Debtor filed a Chapter 11 bankruptcy petition
(Bankr. N.D. Tex. Case No. 16-34424) on Nov. 11, 2016, disclosing
under $1 million in both assets and liabilities.  The Debtor is
represented by Joyce W. Lindauer, Esq.

The Debtor hired Jennifer K. Maddox, CPA, as accountant.


[*] Moody's: 2016 Corp Defaulters Lowly Rated in Advance of Default
-------------------------------------------------------------------
Moody's Investors Service says that its nonfinancial corporate
ratings continued to provide a strong rank ordering of companies'
creditworthiness in 2016, with the vast majority of defaulters in
2016 rated B3 or lower one year prior to their default, according
to a new report issued by the ratings agency, "Corporate Debt
Ratings Performance Insights."

"In analyzing the one-year performance of Moody's debt ratings, of
the 128 nonfinancial corporate defaulters in 2016, 109 (85%) of
them were rated B3 or lower one year prior to their default,
providing a strong advance warning to investors," says Kenneth
Emery, a Moody's Group Credit Officer.

The report finds similarly strong performance for five-year data,
with 174 of 219 defaulting issuers, or 80%, having a rating of B3
or lower one year prior to their default.

The primary objective of Moody's corporate debt ratings is to
provide accurate measures of relative, or rank-order, credit risk
as determined by each issuer's relative fundamental
creditworthiness, with riskier issuers assigned lower ratings and
safer issuers assigned higher ratings.

Moody's annual report examines how well the ratings agency's
nonfinancial corporate ratings performed in meeting the objectives
of rank-ordering credit risk and assigning low ratings to
defaulters well in advance of default.


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
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Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
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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
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