TCR_Public/170216.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Thursday, February 16, 2017, Vol. 21, No. 46

                            Headlines

17545 LASSEN: Voluntary Chapter 11 Case Summary
1776 AMERICAN: Seeks to Hire Andrews Myers as Legal Counsel
A-1 EXPRESS: Case Summary & 20 Largest Unsecured Creditors
AAD LLC: Case Summary & 2 Unsecured Creditors
ACOSTA INC: Bank Debt Trades at 4% Off

ACTIVECARE INC: Signs Lock-Up Agreement with Investor
ADAMIS PHARMACEUTICALS: CVI Inv. Has 4.9% Stake as of Dec. 31
AERCAP HOLDINGS: Moody's Hikes Corporate Family Rating From Ba1
ALLIED INJURY: Intends to Use Cambridge Medical Cash Collateral
AMERICAN POWER: In Talks to Restructure $1.8M Long Term Debt

AMPLIPHI BIOSCIENCES: CVI Investments Holds 4.9% Equity Stake
APPLIED CLEANTECH: Delaware Chancery Court Appoints Custodian
APRICUS BIOSCIENCES: Forendo Pharma Ceases to be 5% Shareholder
ARCH COAL: Reports $33.4M Q4 Profit After Chapter 11 Exit
ARKANOVA ENERGY: Incurs $4 Million Net Loss in Fiscal 2016

ARMSTRONG ENERGY: Kenneth Allen Resigns as Director
AT YOUR SERVICE: U.S. Trustee Unable to Appoint Committee
ATLAS RESOURCE: Law Firm Investigates Potential Securities Claims
BASS PRO: Bank Debt Trades at 3% Off
BAYOU SHORES: Fights to Keep Medicare Dispute in Bankruptcy Court

BCL ONE: U.S. Trustee Unable to Appoint Committee
BEAR STEARNS: Reviving of Fraud Suit Against Ratings Cos. Denied
BELK INC: Bank Debt Trades at 14% Off
BILL BARRETT: Vanguard Group Reports 6.9% Stake as of Dec. 31
BONANZA CREEK: Ropes & Gray, Pepper Hamilton Represent GMO & GCA

BOXWOOD LLC: U.S. Trustee Unable to Appoint Committee
CAESARS ENTERTAINMENT: Reports 4th Qtr., Full-Year 2016 Results
CALIFORNIA RESOURCES: Vanguard Reports 4.1% Stake as of Dec. 31
CATASYS INC: Proposes to Offer Common Stock
CHESAPEAKE ENERGY: Harris Associates Has 3.9% Stake as of Dec. 30

CHESAPEAKE ENERGY: Southeastern Asset Holds 5.7% Equity Stake
CHESAPEAKE ENERGY: Vanguard Reports 9.48% Stake as of Dec. 31
CLAYTON WILLIAMS: GRT Capital Holds 1.6% Stake as of Dec. 31
COLONEL HOSPITALITY: Case Summary & 19 Largest Unsecured Creditors
COMSTOCK MINING: Sun Valley Gold Reports 4.48% Equity Stake

COMSTOCK RESOURCES: Senator Investment Owns Less Than 1% Stake
COOK COUNTY CSD: Moody's Lowers Issuer Rating to Ba3
CORRUGATED INDUSTRIES: Case Summary & 20 Top Unsecured Creditors
COSI INC: Unsecured Creditors to be Paid Up to 19.2% of Claims
CTI BIOPHARMA: Annual Meeting of Shareholders Set for May 16

DAVID'S BRIDAL: Bank Debt Trades at 14% Off
DEWEY & LEBOEUF: Fraud Retrial of Former Executives Delayed Again
DIRECTBUY HOLDINGS: Court OKs Sale to CSC Generation for $150K
DONNA RONSON: Wants Refinancing Loan to Pay Lenders and Creditor
DPX HOLDINGS: S&P Revises Outlook to Positive & Affirms 'B' CCR

EASTERN OUTFITTERS: Sportsdirect-led Auction of Assets on March 20
ENERGY FUTURE: Wilmer Cutler, et al., Represent Indenture Trustee
EPICENTER PARTNERS: Sonoran Units to Pay Unsecureds 100% Over 3Yrs
ESPLANADE HL: Court Moves Plan Filing Deadline to April 14
EXOLIFESTYLE INC: Recurring Losses Casts Going Concern Doubt

FANSTEEL INC: Wants to Use Cash Collateral for Health and Safety
FLORIDA INSURANCE: Court Extends Time for Filing of Suits
FREESEAS INC: Two Directors Resign from Board
GREAT BASIN: CVI Investments Reports 9.9% Stake as of Dec. 31
GREAT BASIN: Okays Redemption of $35.6 Million 2016 Notes

GREAT BASIN: To Terminate 50 Workers as Part of Restructuring Plan
H. BURKHART: Rivers and Irwin Buying Knox Property for $260K
HANJIN SHIPPING: U.S. Creditors Appeal Container Terminal Sale
HEXION INC: Assumes $485 Million First-Priority Senior Notes
HOUSTON PLATE: Taps McClure Law Office as Legal Counsel

IL VALENTINO: Taps Shafferman & Feldman as Legal Counsel
IMAG VIDEO/AV: Taps Dunham Hildebrand as Legal Counsel
INT'L SHIPHOLDING: BMO Harris Tries to Block Plan Confirmation
INT'L SHIPHOLDING: Capital One Tries to Block Plan Confirmation
INT'L SHIPHOLDING: CapitalSource, BBTEF Oppose Central Gulf Plan

INT'L SHIPHOLDING: Dept. of Revenue Tries to Stop Plan Confirmation
INTELLIPHARMACEUTICS INT'L: Incurs $10.1 Million Net Loss in 2016
INTERIOR LOGIC: Moody's Assigns B2 Corporate Family Rating
INTERNATIONAL SHIPHOLDING: IRS Tries to Block Plan Confirmation
JASON HOLDINGS: Moody's Lowers Corporate Family Rating to Caa1

JO-JO HOLDINGS: Creditors' Panel Hires Carrington as Local Counsel
KANE CLINICS: Unsecured Creditors to be Paid 21.6% Under Exit Plan
LE GRAND NYC: Taps Shafferman & Feldman as Legal Counsel
LIFSCHULTZ ESTATE: Lawrence Lifschultz Opposes Plan Disclosures
LOUISIANA MEDICAL: Health Agency Wants Case Transferred

LP CLEANERS: Hires Holly E. Barrett as Accountant
MACK-CALI REALTY: Fitch Affirms at Issuer Default Rating at BB+
MAXUS ENERGY: Retiree Committee Opposes Approval of Plan Outline
MERRIMACK PHARMACEUTICALS: Vanguard Group Holds 7.1% Equity Stake
MERRIMACK PHARMACEUTICALS: Westfield Capital Owns 7% Equity Stake

METROAREA AUTISTIC: Hires Savills as Real Estate Advisor
MF GLOBAL: Allied World, et al.'s Restraining Order Appeal Denied
MIAMI NEUROLOGICAL: Wants Court Authority to Use CNB Cash Collatera
MICHIGAN SPORTING GOODS: Files for Ch. 11 to Liquidate 68 Stores
MICHIGAN SPORTING: Case Summary & 20 Largest Unsecured Creditors

MICROVISION INC: AWM Investment Holds 9% Stake as of Dec. 31
MICROVISION INC: Elects Robert Carlile as Director to Fill Vacancy
MISONIX INC: Gets Nasdaq Deficiency Letter After Delayed Filing
MONUMENT SECURITY: Wants to Use Citibank Cash Collateral
NATURAL DESTINY: GBH CPAs PC Raises Going Concern Doubt

NAVISTAR INTERNATIONAL: Hotchkis and Wiley Reports 3.3% Stake
NEIMAN MARCUS: Bank Debt Trades at 20% Off
NEONODE INC: AWM Investment Reports 9.99% Stake as of Dec. 31
NEW YORK INTERNET: Voluntary Chapter 11 Case Summary
OMNITATUS GROUP: Seeks Court Permission to Use Cash Collateral

ONSITE TEMP: Exit Plan to Pay $200K to Unsecured Creditors
OSUM PRODUCTION: Moody's Hikes Corporate Family Rating to Caa1
PAC RECYCLING: Taps Commercial Advisors as Real Estate Broker
PACHECO BROTHERS: Case Summary & 20 Largest Unsecured Creditors
PARAGON OFFSHORE: Rigs Aren't De Minimis Assets, Shareholder Says

PAWS AND CLAWS: Seeks Authorization to Use Cash Collateral
PEABODY ENERGY: Announces Pricing of $1-Bil. Senior Secured Notes
PLAZE INC: Repricing Transaction No Impact on Moody's 'B2' CFR
POSITIVEID CORP: In Talks With Holders to Resolve Possible Default
POSITIVEID CORP: Obtains Default Waivers From Lenders

PRECISION OPTICS: AWM Investment Reports 7% Stake as of Dec. 31
RADNOR HOLDINGS: Former CEO's Lawsuit Against Counsel, Buyer Junked
RALSTON-LIPPINCOTT: Court OKs Use of Orange Bank Cash Collateral
RESOLUTE ENERGY: Wellington Management Holds 13.36% Equity Stake
RIO RANCHO SUPER MALL: Case Summary & 8 Unsecured Creditors

RWK ELECTRIC: U.S. Trustee Unable to Appoint Committee
SAMSON RESOURCES: Settlement Joint Plan Confirmed; Exits Ch.11
SAMUEL E. WYLY: Caroline Wyly Could Lose $8M Home in Dallas
SCHOPF'S HILLTOP: Hires Martin J. Cowie as Feasibility Expert
SCIENTIFIC GAMES: G1 Execution Reports 7.3% Stake as of Dec. 31

SEARS HOLDINGS: Modifies BofA Credit Pact Requirements, Covenants
SEARS HOLDINGS: Outlines Next Phase of Strategic Transformation
SEVENTY SEVEN: 2016 Operational and Financial Results Unveiled
SEVENTY SEVEN: Posts $27M Net Loss in Q4 After Ch. 11 Exit
SHORT ENTERPRISES: Can Use Bank of Carbondale Cash Collateral

SIRGOLD INC: Ch.11 Trustee Hires LaMonica Herbst as Attorneys
SNEED SHIPBUILDING: Trustee Seeks to Hire CRO, Financial Advisor
STENA AB: Bank Debt Trades at 8% Off
STONE ENERGY: Court Confirms Amended Plan of Reorganization
STONE ENERGY: Equity Holders Accept Reorganization Plan

STONE ENERGY: State Street Reports De Minimis Stake as of Dec. 31
STONE ENERGY: Vanguard Reports 2.5% Equity Stake as of Dec. 31
STONERIDGE PARKWAY: Modab to Fund $1MM to Pay Unsecured Creditors
STRATEGIC ASSET: Desert Schools Objects to Cash Collateral Use
SUNEDISON INC: Adage Capital et al. No Longer Hold Shares

SUNEDISON INC: Holds 34.5% of TerraForm Power Class A Shares
SUNEDISON INC: Holds 36.3% of TerraForm Global Class A Shares
SUNEDISON INC: OppenheimerFunds No Longer Holds Shares
SUNEDISON INC: Proposes to Indemnify Lenders' Financial Advisor
SUNGARD AVAILABILITY: Bank Debt Trades at 4% Off

SYNIVERSE TECHNOLOGIES: $700MM Bank Debt Trades at 10% Off
SYNIVERSE TECHNOLOGIES: $900MM Bank Debt Trades at 10% Off
TANNER COMPANIES: 5-Member Creditors' Committee Formed
THOMAS J. GOLDSTEIN: ABB Secured Claim to Get 100% at 3% in 24 Mos.
TOISA LIMITED: Hires Togut Firm as Counsel

TRIANGLE USA: Mineral Interest Plaintiffs Object to Plan
TUBRO CONSTRUCTION: Taps Wells and Jarvis as Legal Counsel
TURN4 LOGISTICS: Plan Outline Supplement Discloses Monthly Income
ULTRAPETROL (BAHAMAS): Cleared for Speedy Chapter 11 Exit
UNITED ROAD: Sets Bidding Procedures for Assets, March 22 Auction

VANGUARD NATURAL: U.S. Trustee Forms 3-Member Committee
VISION INVESTMENT: Hires Melehy & Associates as Bankr. Attorney
VISUALANT INC: Discloses D Preferred Stock Cert. of Designation
WASHINGTON MUTUAL: Objects to Grant Thornton's Bid for Sanctions
WESTMORELAND COAL: DG Capital Ceases to be Shareholder

WET SEAL LLC: Seeks Court Approval for Cash Collateral Use
WET SEAL: Intellectual Property Auction on March 2
WET SEAL: U.S. Trustee Forms 7-Member Committee
WOW ORTHODONTICS: Unsecured Creditors to Get 10% Under Exit Plan
YRC WORLDWIDE: Vanguard Group Reports 5% Stake as of Dec. 31

[*] Oil & Gas Industry Raises $186 Bil. Through U.S. IPOs in 2016
[*] Two Law Firms Merge to Create Condon Tobin Sladek Thornton
[^] Recent Small-Dollar & Individual Chapter 11 Filings

                            *********

17545 LASSEN: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: 17545 Lassen St. LLC
        9100 Wilshire Boulevard, Suite 725 E
        Beverly Hills, CA 90212-0000

Case No.: 17-11734

Chapter 11 Petition Date: February 13, 2017

Court: United States Bankruptcy Court
       Central District of California (Los Angeles)

Judge: Hon. Sheri Bluebond

Debtor's Counsel: Jeffrey S Kwong, Esq.
                  LEVENE, NEALE, BENDER, YOO & BRILL LLP
                  10250 Constellation Blvd Ste 1700
                  Los Angeles, CA 90067
                  Tel: 310-229-1234
                  Fax: 310-229-1244
                  E-mail: jsk@lnbyb.com

                    - and -

                  David L. Neale, Esq.
                  LEVENE, NEALE, BENDER, YOO & BRILL LLP
                  10250 Constellation Blvd Ste 1700
                  Los Angeles, CA 90067
                  Tel: 310-229-1234
                  Fax: 310-229-1244
                  E-mail: dln@lnbyb.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Chris Brown, managing member.

The Debtor has no unsecured creditor.

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

          http://bankrupt.com/misc/cacb17-11734.pdf


1776 AMERICAN: Seeks to Hire Andrews Myers as Legal Counsel
-----------------------------------------------------------
1776 American Properties IV LLC seeks approval from the U.S.
Bankruptcy Court for the Southern District of Texas to hire legal
counsel.

The Debtor proposes to hire Andrews Myers PC to give legal advice
regarding its duties under the Bankruptcy Code, negotiate with
creditors, assist in the preparation of a bankruptcy plan, and
provide other legal services.

The hourly rates charged by the firm are:

     T. Josh Judd         $325
     C. Elaine Howard     $365
     Lisa Norman          $335
     Brenton Pharis       $375
     Paralegals           $175

Andrews Myers does not represent any interest adverse to the Debtor
or its bankruptcy estate, according to court filings.

The firm can be reached through:

     Josh T. Judd, Esq.
     Andrews Myers PC
     3900 Essex Lane, Suite 800
     Houston, TX 77027
     Tel: 713-850-4200
     Fax: 832-786-4877
     Email: jjudd@andrewsmyers.com

               About 1776 American Properties IV

1776 American Properties IV LLC and its 12 affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. S. D.
Texas Lead Case No. 17-30422) on January 27, 2017.  The petition
was signed by Jeff Fisher, director of manager.  

The case is assigned to Judge Karen K. Brown.

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


A-1 EXPRESS: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: A-1 Express Delivery Service, Inc.
           dba AQuickDelivery
           dba 1-800 Courier
           dba Peachtree Petals
           dba SoCal Petals
        1450 W. Peachtree Street, NW, Suite 200
        Atlanta, GA 30309

Case No.: 17-52865

Chapter 11 Petition Date: February 14, 2017

Court: United States Bankruptcy Court
       Northern District of Georgia (Atlanta)

Debtor's Counsel: J. Robert Williamson, Esq.
                  SCROGGINS & WILLIAMSON, P.C.
                  One Riverside, Suite 450
                  4401 Northside Parkway
                  Atlanta, GA 30327
                  Tel: (404) 893-3880
                  E-mail: rwilliamson@swlawfirm.com
                          centralstation@swlawfirm.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Lon D. Fancher, COO, owner.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/ganb17-52865.pdf


AAD LLC: Case Summary & 2 Unsecured Creditors
---------------------------------------------
Debtor: AAD LLC
        PO Box 4206
        Bellevue, WA 98009

Case No.: 17-10638

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: February 14, 2017

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

Judge: Hon. Christopher M Alston

Debtor's Counsel: Michael M Feinberg, Esq.
                  KARR TUTTLE CAMPBELL
                  701 5th Ave Ste 3300
                  Seattle, WA 98104
                  Tel: 206-223-1313
                  E-mail: mfeinberg@karrtuttle.com

Total Assets: $451,000

Total Liabilities: $1.49 million

The petition was signed by Anthony A. Dadvar, sole member.

A copy of the Debtor's list of two unsecured creditors is available
for free at http://bankrupt.com/misc/wawb17-10638.pdf


ACOSTA INC: Bank Debt Trades at 4% Off
--------------------------------------
Participations in a syndicated loan under Acosta Inc. is a borrower
traded in the secondary market at 96.02 cents-on-the-dollar during
the week ended Friday, February 10, 2017, according to data
compiled by LSTA/Thomson Reuters MTM Pricing.  This represents a
decrease of 0.31 percentage points from the previous week.  Acosta
Inc. pays 325 basis points above LIBOR to borrow under the $2.06
billion facility. The bank loan matures on Sept. 26, 2021 and
carries Moody's B2 rating and Standard & Poor's B rating.  The loan
is one of the biggest gainers and losers among 247 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended February 10.


ACTIVECARE INC: Signs Lock-Up Agreement with Investor
-----------------------------------------------------
Jim Dalton, who is principally employed as a consultant or
independent contractor, has executed lock-up agreements barring the
sale of his common shares in connection with the proposed public
offering of ActiveCare Inc.'s common stock.

Mr. Dalton beneficially owns 18,074 shares of common stock of
ActiveCare, as of Jan. 31, 2017, representing approximately 7.9% of
the Company's outstanding Common Stock based on the Issuer's
reported 230,258 outstanding shares of Common Stock as reported
following the Issuer's reverse stock split effective Jan. 27, 2017.
The amount does not include 10,805 shares of Series G that are
held by Mr. Dalton.  The Series G automatically converts upon the
happening of specified events.  Each share of Series G has a stated
value of $500.  The Series G is convertible into 240,111 shares of
common stock upon the happening of a specified event.  The Series G
vote together with the holders of the common stock on an as
converted basis.

As disclosed in the regulatory filing, Mr. Dalton settled
allegations with the SEC on Oct. 24, 2014.  The SEC alleged that
during the period Mr. Dalton was an officer and director of Track
Group (then known as SecureAlert, Inc.), Mr. Dalton and David G.
Derrick, also an officer and director of Track Group, failed to
disclose personal guarantees related to the sale of equipment by
Track Group, and that the non-disclosures resulted in material
misstatements of $2 million in overstated revenue in Track Group's
financial statements for fiscal years 2007 and 2008 in that
company's Forms 10-KSB, 10-KSB/A, 10-QSB, and 10-QSB/A filed from
September 2007 through January 2010.  As part of the settlement,
Mr. Dalton agreed, without admitting or denying the SECs
allegations, to an injunction from future violations of Sections
17(a)(2) and (3) of the Securities Act and Sections 13(b)(2)(A) and
(B), and 13(b)(5) of the Exchange Act and Rule 13b2-1 thereunder;
and to pay a civil penalty in the amount of $65,000.

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

                     https://is.gd/Utb68r

                       About ActiveCare

South West Valley City, Utah-based ActiveCare, Inc., develops and
markets products for monitoring the health of and providing
assistance to mobile and homebound seniors and the chronically
ill.

ActiveCare is organized into three business.  The Stains and
Reagents segment is engaged in the business of manufacturing and
marketing medical diagnostic stains, solutions and related
equipment to hospitals and medical testing labs.  The CareServices
segment is engaged in the business of developing, distributing and
marketing mobile health monitoring and concierge services to
distributors and customers.  The Chronic Illness Monitoring segment
is primarily engaged in the monitoring of diabetic patients on a
real time basis.

ActiveCare reported a net loss of $12.8 million on $6.59 million of
chronic illness monitoring revenues for the year ended Sept. 30,
2015, compared with a net loss of $16.4 million on $6.10 million of
chronic illness monitoring revenues for the year ended Sept. 30,
2014.

As of June 30, 2016, ActiveCare had $1.91 million in total assets,
$21.01 million in total liabilities and a total stockholders'
deficit of $19.10 million.

Tanner LLC, in Salt Lake City, Utah, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Sept. 30, 2015, citing that the Company has recurring losses,
negative cash flows from operating activities, negative working
capital, negative total equity, and certain debt that is in
default.  These conditions, among others, raise substantial doubt
about its ability to continue as a going concern.


ADAMIS PHARMACEUTICALS: CVI Inv. Has 4.9% Stake as of Dec. 31
-------------------------------------------------------------
CVI Investments, Inc. and Heights Capital Management, Inc.
disclosed in an amended Schedule 13G filed with the Securities and
Exchange Commission that as of Dec. 31, 2016, they beneficially own
1,133,652 shares of common stock, $.0001 par value per share, of
Adamis Pharmaceuticals Corporation representing 4.9 percent of the
shares outstanding.

The Shares reported as beneficially owned consists of Shares
issuable upon exercise of warrants.  The Warrants are not
exercisable to the extent that the total number of Shares then
beneficially owned by a Reporting Person and its Affiliates and any
other Persons whose beneficial ownership of Shares would be
aggregated with such Reporting Person for purposes of Section 13(d)
of the Exchange Act, would exceed 4.99%.

The Company's Quarterly Report on Form 10-Q for the quarter ended
Sept. 30, 2016, indicates there were 21,584,833 Shares outstanding
as on Nov. 14, 2016.

Heights Capital Management, Inc., which serves as the investment
manager to CVI Investments, Inc., may be deemed to be the
beneficial owner of all Shares owned by CVI Investments, Inc.  

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

                     https://is.gd/4fKgDn

                         About Adamis

San Diego, Calif.-based Adamis Pharmaceuticals Corporation (OTC
QB: ADMP) is a biopharmaceutical company engaged in the
development and commercialization of specialty pharmaceutical and
biotechnology products in the therapeutic areas of respiratory
disease, allergy, oncology and immunology.

Adamis reported a net loss of $13.6 million on $0 of revenue for
the year ended Dec. 31, 2015, compared to a net loss of $9.31
million on $0 of revenue for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, the Company had $36.74 million in total
assets, $11.98 million in total liabilities and $24.76 million in
total stockholders' equity.

Mayer Hoffman McCann P.C., in San Diego, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2016, citing that the
Company has incurred recurring losses from operations, and is
dependent on additional financing to fund operations.  These
conditions raise substantial doubt about the Company's ability to
continue as a going concern.


AERCAP HOLDINGS: Moody's Hikes Corporate Family Rating From Ba1
---------------------------------------------------------------
Moody's Investors Service upgraded the corporate family ratings of
AerCap Holdings N.V. to Baa3 from Ba1 and also upgraded the senior
unsecured debt ratings of AerCap's subsidiaries (see the complete
list of affected ratings below). The outlook for the ratings is
stable. This concludes Moody's review of AerCap's ratings initiated
on 17 November 2016.

RATINGS RATIONALE

Moody's upgrade of AerCap's ratings is based on the company's
strengthened competitive positioning in commercial aircraft
leasing, improving fleet composition, and effective liquidity and
lease risk management in advance of the increase in the company's
scheduled deliveries of new aircraft from Boeing and Airbus over
the next three years. The upgrade also reflects Moody's expectation
that AerCap will continue to generate profitability and cash flows
that compare favorably to peers while maintaining adequate capital
strength and a strong liquidity runway.

Since acquiring International Lease Finance Corp. in 2014, AerCap
has solidified its position as a leader in the commercial aircraft
leasing sector. The company owns over 1,000 aircraft on lease to
nearly 200 airlines globally. At 30 September 2016, AerCap also had
an order book of 439 new aircraft featuring the newest
fuel-efficient technologies that will renew and grow its fleet,
reinforcing its importance to airlines and aircraft manufacturers.
Moody's believes that AerCap's presence in the sector provides
competitive benefits in terms of access to airlines, ability to
structure larger, more profitable transactions, and obtain
favorable pricing and terms from aircraft manufacturers.

AerCap is improving its fleet risk profile, strengthening its
financial and operational stability. In the last two years, AerCap
has aggressively sold older model aircraft and acquired newer ones,
reducing impairment risk. Delivery of new aircraft over the next
few years will also reduce the risk profile of the company's fleet,
reducing weighted average fleet age to 6.0 years by 2020 from 7.6
years at 30 September 2016 and extending fleet average remaining
lease term, which improves the predictability of the firm's
operating performance. Nearly 93% of AerCap's anticipated revenues
through 2019 were committed as of September 30, 2016, reflecting
strong performance committing future new aircraft deliveries to
leases. A change in AerCap's fleet management strategy that
resulted in the company owning a larger proportion of higher risk,
less liquid aircraft would be viewed negatively by Moody's.

AerCap has maintained strong liquidity leading up to an increase in
new aircraft deliveries over the next three years. The company's
ratio of liquidity sources to debt service and capital expenditures
(12 months) measured 1.5x at 30 September 2016, above its 1.2x
target. AerCap had $12.3 billion of liquidity at 30 September 2016,
including cash, committed borrowing availability and estimated
operating cash flow, which provides the company ample resources to
manage debt maturities and capital expenditures over the coming
year. Moody's expects that AerCap's strong forward lease commitment
status will help the company access credit markets to fund its
aircraft acquisitions. AerCap's purchase commitments nevertheless
remain significant, underscoring the speculative nature of its
aircraft procurement strategy and the associated lease-up and
funding risks. Additionally, AerCap's reliance on secured debt is
high for its assigned rating and is therefore a constraint on
further upward rating potential.

AerCap's operating results compare favorably to industry peers,
helped by high average yields and a cost of funds lower than peer
average. AerCap's ratio of pre-tax earnings to average managed
assets through the first three quarters of 2016 was lower than in
2015, as expected, reflecting in part the loss of revenues from
aircraft sold to manage fleet risks, lower sale gains and higher
impairment expense. As portfolio growth resumes with increased
aircraft deliveries and lower anticipated portfolio sales, Moody's
expects that AerCap will maintain profitability above the peer
median. However, while not expected, a rapid increase in AerCap's
rate of growth would increase the firm's operating and funding
risks, potentially negatively affecting its ratings.

AerCap maintains an adequate capital profile, though certain peers
have lower leverage. The company's ratio of tangible common equity
to tangible managed assets, including Moody's hybrid equity
adjustment for its $1.5 billion of subordinated debt, measured
20.2% at 30 September 2016, which is consistent with the Baa3
rating. By its own measure of net debt/adjusted tangible net worth,
AerCap has maintained leverage at the low end of its own target
range of 2.7x - 3.0x. Moody's expects that the company will be able
to maintain its target leverage based upon anticipated earnings,
cash flow and capital formation, and balanced approach to share
repurchases. Permanently lower leverage would improve AerCap's
potential for a higher rating.

Moody's could upgrade AerCap's ratings if the company: 1) increases
and maintains a ratio of tangible common equity to tangible managed
assets materially above 20%; 2) meaningfully reduces concentrations
in its top ten airline customers; 3) reduces secured debt/gross
tangible assets to 20% or less; and 4) maintains strong liquidity
and pre-tax profitability above the peer median.

Moody's could downgrade AerCap's ratings if the company's operating
prospects unexpectedly weaken, liquidity weakens in relation to
upcoming expenditures, the company pursues a strategy that
increases fleet residual risks, or its leverage increases
materially from the current level.

Rating actions include the following:

Issuer: AerCap Holdings N.V.

Upgrades:

-- Corporate Family Rating, Upgraded to Baa3 Stable from Ba1,
Rating Under Review

Outlook Actions:

-- Outlook, Changed To Stable From Rating Under Review

Issuer: AerCap Ireland Capital Designated Activity Company

Upgrades:

-- Backed Senior Unsecured Regular Bond/Debenture, Upgraded to
Baa3 Stable from Ba1, Rating under Review

-- Backed Senior Unsecured Shelf, Upgraded to (P)Baa3 from (P)Ba1

Outlook Actions:

-- Outlook, Changed To Stable From Rating Under Review

Issuer: AerCap Global Aviation Trust

Upgrades:

-- Backed Junior Subordinated Regular Bond/Debenture, Upgraded to
Ba2 (hyb) from Ba3 (hyb)

-- Backed Senior Unsecured Shelf, Upgraded to (P)Baa3 from (P)Ba1

Outlook Actions:

-- Outlook, Changed To Stable From Rating Under Review

Issuer: International Lease Finance Corporation

Upgrades:

-- Preferred Stock, Upgraded to Ba2 (hyb) Stable from Ba3 (hyb)
Rating under Review

-- Senior Secured Regular Bond/Debenture, Upgraded to Baa2 Stable
from Baa3, Rating under Review

-- Senior Unsecured Regular Bond/Debenture, Upgraded to Baa3
Stable from Ba1, Rating under Review

Outlook Actions:

-- Outlook, Changed To Stable From Rating Under Review

Issuer: Delos Finance SARL

Upgrades:

-- Backed Senior Secured Bank Credit Facility Rating, Upgraded to
Baa2 Stable from Baa3, Rating under Review

Outlook Actions:

-- Outlook, Changed To Stable From Rating Under Review

Issuer: Flying Fortress Holdings, LLC

Upgrades:

-- Senior Secured Bank Credit Facility Rating, Upgraded to Baa2
Stable from Baa3 Rating under Review

Outlook Actions:

-- Outlook, Changed To Stable From Rating Under Review

Issuer: ILFC E-Capital Trust I

Upgrades:

-- Preferred Stock, Upgraded to Ba2 (hyb), Stable from Ba3 (hyb),
Rating under Review

Outlook Actions:

-- Outlook, Changed To Stable From Rating Under Review

Issuer: ILFC E-Capital Trust II

Upgrades:

-- Preferred Stock, Upgraded to Ba2 (hyb), Stable from Ba3 (hyb),
Rating under Review

Outlook Actions:

-- Outlook, Changed To Stable From Rating Under Review

The principal methodology used in these ratings was Finance
Companies published in December 2016.



ALLIED INJURY: Intends to Use Cambridge Medical Cash Collateral
---------------------------------------------------------------
David M. Goodrich, Chapter 11 Trustee for Allied Injury Management,
Inc. seeks authority from the U.S. Bankruptcy Court for the Central
District of California to use cash collateral pursuant to his
Stipulation with Cambridge Medical Funding Group II, LLC and James
R. Felton, the state court receiver who is charged with the
authority to collect receivables due to One Stop Multi-Specialty
Medical Group, Inc.

The Trustee tells the Court that he is in the process of reducing
expenses, significantly curtailing the Debtor's operations, and
intends to transition all collection activities to Medi-Tech
Specialty Services, Inc. Until that transition is complete, the
Trustee will incur administrative liabilities, including ordinary
course expenditures including, without limitation, payroll, payroll
taxes, insurance, and lien fees. As such, the Trustee intends to
use cash collateral these expenses in accordance to its proposed
Budget which projects total expenses of $104,275.

The Trustee seeks approval of the Stipulation on shortened notice
because the Chapter 11 estate is low on funds and, if the Trustee
does not have imminent access to cash, he will likely be forced to
immediately shut down operations before the transition of
collection activities to Medi-Tech Specialty Services, Inc., which
would result in a liquidation for less than fair value to the
detriment of all creditors.

The Debtor provides billing and collection services to medical
providers and other entities pursuant to written and unwritten
medical service agreements. The Debtor's sole shareholder is John
Larson, D.C.

The Trustee understands that the events leading to the filing of
this Chapter 11 case center around the business relationship
between Dr. Larson and Eduardo Anguizola, M.D. and Dr. Anguizola's
wholly-owned entities One Stop Multi-Specialty Medical Group, Inc.,
One Stop Multi-Specialty Medical & Therapy Group, Inc., and NorCal
Pain Management Group, Inc., collectively, the Anguizola Entities.


The Trustee believes that Cambridge Medical and One Stop entered
into that certain Workers' Compensation Receivables Funding,
Assignment and Security Agreement, which has been acknowledged by
Dr. Larson on behalf of the Debtor. For purposes in connection with
the Funding Agreement, the Debtor has served as the management
company for One Stop and performed collections related to One
Stop's Workers' Compensation receivables.

The Superior Court of California, San Bernardino, in the case
styled Cambridge Medical Funding Group II, LLC v. One Stop
Multi-Specialty Medical Group, Inc., et al., Case No. CIVDS1600743,
issued its Judgment for Cambridge against One Stop and the Debtor
in the amount of $842,837, plus post-judgment interest on $808,265
at the legal rate of 10% per annum.

The Superior Court has also entered an Assignment Order which
assigned One-Stop's accounts receivable to Cambridge Medical for
the purposes of collection. Pursuant to the Assignment Order,
Cambridge Medical asserts that all proceeds of collections of
One-Stop Receivables, whether currently held by the Trustee or
collected from the date of the Agreement constitute Cambridge's
cash collateral.

In addition, Cambridge Medical has also commenced an adversary
proceeding against the Debtor and Dr. Larson in the Bankruptcy
Case, and the Court issued a temporary restraining order and a
preliminary injunction, which among other things, restrained the
Debtor from further use or collections of any of the One-Stop
Receivables, and ordered that the Debtor segregate any proceeds
thereof.

The important points of Agreement reached between the Trustee,
Cambridge, and the Receiver include the following:

      (1) The Trustee will sequester all proceeds of the One Stop
Receivables in a segregated account, and will keep all such
proceeds, separate and distinct from all other property of the
bankruptcy estate, and will not commingle such proceeds with any
other fund or money from other Estate sources.

      (2) The Parties consent, acknowledge and agree that the
Trustee will oversee collections of all One Stop Receivables, with
a collection company of Trustee's choice. The Trustee presently
intends to retain Medi-Tech Specialty Services, Inc. to perform the
collection function(s) under the terms and conditions of the
Stipulation.

      (3) The Parties agree and acknowledge that Medi-Tech
Specialty has requested collection fee of 15% related to
cases/claims/ADJ numbers/receivables where a settlement has been
achieved and monies have not yet been received specifically where,
there are signed agreements, verbal agreements and electronic mail
exchanges that have not yet been reduced to writing, referred to as
"Pending Settlements," which amount to approximately $200,000.

      (4) The Parties agree that 80% of the Pending Settlements
related to One-Stop Receivables will immediately (or upon receipt
by Medi-Tech or Trustee) be paid to Cambridge Medical.

      (5) The Parties agree that 20% of the Pending Settlements
will be retained by the Trustee for costs and expenses, including
the Medi-Tech collection fee.

      (6) With respect to One-Stop Receivables that are not
included in the Pending Settlements, the Parties agree that the
Trustee will retain, for his administration through the Estate, 40%
of all collections, and 60% of such collections will be paid by the
Trustee to Cambridge Medical.

      (7) With respect to One-Stop Receivables that were collected
before the issuance of the TRO, the Trustee will pay Cambridge
Medical 100% of the Pre-TRO Collections towards satisfaction of the
Judgment. With respect to One-Stop Receivables that were collected
after the issuance of the TRO, the proceeds will be split 60/40.

      (8) The Parties agree that to the extent Cambridge is
successful in adding OS Therapy as a judgment debtor, and extending
its Assignment Order over OS Therapy's receivables, the agreement
will also apply to the Trustee's collection of OS Therapy's
receivables, and the division of proceeds related thereto.

      (9) As the Trustee may not have sufficient funds on hand that
are not proceeds of One-Stop Receivables to fund operations until
the transition of collections to Medi-Tech, the Trustee is
authorized to use up to $50,000 from the Pre-TRO Collections to pay
for Transition Expenses. The use of the Carve-Out will be limited
to the proposed budget.

      (10) To the extent the Trustee uses the Carve-Out to pay the
Transition Expenses, Cambridge Medical will be provided with a
replacement lien in the net proceeds of the net collections of
receivables of providers other than One-Stop, to the same extent,
validity and priority as Cambridge Medical's liens against the
One-Stop Receivables.

      (11) The Trustee will provide Cambridge Medical with copies
of all reports of collections prepared by Medi-Tech. Additionally,
Trustee will provide Cambridge Medical with reports of Estate
accounts and other reports as requested by Cambridge Medical.

A full-text copy of the Debtor's Motion, dated Feb. 9, 2017, is
available at http://tinyurl.com/j5loxvj

                            About Allied Injury

Headquartered in San Bernardino, California, Allied Injury
Management, Inc., filed for Chapter 11 bankruptcy protection
(Bankr. C.D. Cal. Case No. 16-14273) on May 11, 2016, estimating
assets between $10 million and $50 million and debts between $1
million and $10 million. The petition was signed by John R. Larson,
M.D., president. Judge Mark D. Houle presides over the case.

Alan W Forsley, Esq., and Marc Liberman, Esq., at Fredman Lieberman
Pearl LLP serves as the Debtor's bankruptcy counsel. The Debtor
hires Michael Blue, Esq. at the Blue Law Group, Inc. as special
litigation counsel and Grobstein Teeple LLP as accountant.

The U.S. Trustee sought and obtained the Court's approval of the
appointment of David M. Goodrich as Chapter 11 Trustee. The Chapter
11 trustee retains Mark S. Horoupian at the law firm of
SulmeyerKupetz as his general bankruptcy counsel.


AMERICAN POWER: In Talks to Restructure $1.8M Long Term Debt
------------------------------------------------------------
American Power Group Corporation held a telephonic conference call
on Jan. 17, 2017, to provide an update on the Company to investors.
The conference call was held in concert with the disclosure of the
Company's fiscal 2016 annual and fourth quarter results Sept. 30,
2016.

"With the support of our board of directors and lead investors,
over the past year we've successfully restructured $3 million of
long term bank debt by lowering our payments and reducing our
interest rate by half.  We are currently in discussions regarding
restructuring an additional $1.8 million of long term debt and have
secured a commitment for additional operating capital from existing
investors, which will allow us to emerge from this oil crisis with
better market metrics and improved performance expectations," said
Chuck Coppa, chief financial officer of American Power, at the
conference.

"In December 2016, our board approved a non-binding term sheet with
entities related to two directors, existing shareholders and
management to raise up the $3 million of additional capital.
Similar to a capital raise we did back in May 2015, we expect the
investors will initially loan us up to $2.5 million under a
proposed 10% Contingent Convertible Promissory Note.  These notes
will automatically be convertible, subject to shareholder approval
into a new Series E Convertible Preferred Stock and warrants.

"We anticipate closing this financing within the next ten days or
so and more details are noted in our 10K which will be filed later
today and the 8K that will follow the financing.  In connection
with the proposed financing we are also working with one of our
long term debt holders, WPU Leasing which is expected to defer all
current and future cash interest and principal payments due under
approximately $1.8 million of equipment financing notes until such
time as our board determines that we are in a position to resume
normal payments or we are EBITDA positive at the parent level for
two consecutive quarters.

"This will allow us to defer a significant amount of cash out flows
in the near term as we continue to build strength over the coming
year.  In addition, WP Leasing is expected to amend their notes to
reduce the interest rate by over 7%.

"We'll continue to do what we believe is in the best interests of
the company to ensure future viability of American Power Group and
we remain very optimistic about our future."

Company CEO Lyle Jensen, commented "trends over the past few months
appear to mark the end of the chaotic two-year period for business
models tied to the oil and gas industry.  The oil crisis has
contributed to multiple bankruptcies, numerous bank debt
restructurings and significant drops in reported revenue.

"American Power Group experienced similar market and financial
pressures during this two-year period.  However, as Chuck just
described, with the support and assistance of our lead investors
and our board, we have been able to restructure debt and continue
to attract additional capital that will allow us to emerge from
this oil crisis.  As Chuck said, we've emerged with strength as
opposed to simply surviving this period.

"...we continue to believe that federal, state and local emission
regulations will only get tougher in the coming years and we see a
significant opportunity for APG to be at the forefront of providing
these entities with a cost effective solution to help people meet
the emission reduction requirements," Mr. Jensen added.

A transcript of the conference call is available for free at:

                    https://is.gd/l2e8sM

                 About American Power Group

American Power Group's alternative energy subsidiary, American
Power Group, Inc. -- http://www.americanpowergroupinc.com/--
provides a cost-effective patented Turbocharged Natural Gas
conversion technology for vehicular, stationary and off-road mobile
diesel engines.  American Power Group's dual fuel technology is a
unique non-invasive energy enhancement system that converts
existing diesel engines into more efficient and
environmentally friendly engines that have the flexibility to run
on: (1) diesel fuel and liquefied natural gas; (2) diesel fuel and
compressed natural gas; (3) diesel fuel and pipeline or well-head
gas; and (4) diesel fuel and bio-methane, with the flexibility to
return to 100 percent diesel fuel operation at any time.  The
proprietary technology seamlessly displaces up to 80% of the
normal diesel fuel consumption with the average displacement
ranging from 40 percent to 65 percent.  The energized fuel balance
is maintained with a proprietary read-only electronic controller
system ensuring the engines operate at original equipment
manufacturers' specified temperatures and pressures.  Installation
on a wide variety of engine models and end-market applications
require no engine modifications unlike the more expensive invasive
fuel-injected systems in the market.

American Power reported a net loss available to common stockholders
of $10.40 million on $1.86 million of net sales for the year ended
Sept. 30, 2016, compared to a net loss available to common
stockholders of $1.04 million on $2.95 million of net sales for the
year ended Sept. 30, 2015.

As of Sept. 30, 2016, American Power had $9.79 million in total
assets, $8.16 million in total liabilities and $1.62 million in
total stockholders' equity.

Schechter Dokken Kanter Andrews & Selcer, Ltd., in Minneapolis,
Minnesota, issued a "going concern" qualification on the
consolidated financial statements for the year ended Sept. 30,
2016, citing that the Company has suffered recurring losses from
operations and has a net capital deficiency that raises substantial
doubt about its ability to continue as a going concern.


AMPLIPHI BIOSCIENCES: CVI Investments Holds 4.9% Equity Stake
-------------------------------------------------------------
CVI Investments, Inc. and Heights Capital Management, Inc.
disclosed in an amended Schedule 13G filed with the Securities and
Exchange Commission that as of Dec. 31, 2016, they beneficially own
879,316 shares of common stock of AmpliPhi Biosciences Corporation
representing 4.9 percent of the shares outstanding.

The number of Shares reported as beneficially owned consists of
Shares issuable upon exercise of warrants.  The Warrants are not
exercisable to the extent that the total number of Shares then
beneficially owned by a Reporting Person and its Affiliates and any
other Persons whose beneficial ownership of Shares would be
aggregated with such Reporting Person for purposes of Section 13(d)
of the Exchange Act, would exceed 4.99%.

The Company's Prospectus dated Nov. 17, 2016, Registration No.
333-213421, filed on Nov. 17, 2016 indicates there were 16,742,240
Shares outstanding as of the completion of the offering of the
Shares referred to therein.

Heights Capital Management, Inc., which serves as the investment
manager to CVI Investments, Inc., may be deemed to be the
beneficial owner of all Shares owned by CVI Investments, Inc.  

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

                   https://is.gd/jDr7Gi

                       About AmpliPhi

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

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

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

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


APPLIED CLEANTECH: Delaware Chancery Court Appoints Custodian
-------------------------------------------------------------
Rick Archer, writing for Bankruptcy Law360, reports that Vice
Chancellor J. Travis Laster of Delaware Chancery Court on Feb. 13
appointed a custodian to supervise Applied Cleantech Inc. and to
break a board deadlock at the Company.

Law360 relates that CEO Refael Aharon, the Company's CEO, claimed
the investors created a crisis to steal the Debtor's technology.
As reported by the Troubled Company Reporter on Dec. 1, 2016, Matt
Chiappardi, writing for Bankruptcy Law360, reported that Mr.
Aharon, said on Nov. 28, 2016, that investors tried to have the
Delaware Chancery Court appoint a custodian over the business they
say is nearing bankruptcy are after its intellectual property, days
after the suing shareholders asked the Court to fast-track the
suit.  Applied Cleantech investors Daniel Kleinberg, Tomer Herzog,
Saturn Partners LP II, and Raika Engineering and Infrastructures
Ltd. pushed the Chancery Court to expedite its proceedings last
week, claiming that CEO Aharon has so mismanaged the Company.

The Court found Mr. Aharon's claims that the investors manufactured
the deadlock to drive the Debtor into bankruptcy and acquire its
waste treatment technology "unpersuasive," Law360 states.

Applied Cleantech Inc. is an Israeli-based wastewater treatment
company.


APRICUS BIOSCIENCES: Forendo Pharma Ceases to be 5% Shareholder
---------------------------------------------------------------
Forendo Pharma Oy disclosed in a regulatory filing with the
Securities and Exchange Commission that as of Dec. 31, 2016, it
beneficially owns 85,966 shares of common stock of Apricus
Biosicences, Inc., representing 1.1 percent of the shares
outstanding.  A full-text copy of the Schedule 13G/A is available
for free at https://is.gd/xsWCcy

                    About Apricus Biosciences

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

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

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

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


ARCH COAL: Reports $33.4M Q4 Profit After Chapter 11 Exit
---------------------------------------------------------
Arch Coal, Inc. on Feb. 8, 2017, reported fourth quarter 2016 net
income of $33.4 million or $1.31 per diluted share.  Revenues for
the period totaled $575.7 million on 26.8 million tons of coal
sales. The company reported adjusted earnings before interest,
taxes, depreciation, depletion, amortization and reorganization
items ("adjusted EBITDAR") of $94.5 million.

Notably, less than nine months after filing for Chapter 11, Arch
Coal successfully completed its financial restructuring and emerged
from bankruptcy as a reorganized company on October 5, 2016.  As a
result, Arch applied fresh start accounting as of October 1, 2016;
therefore, its financial statements after September 30 are not
comparable to the financial statements prior to that date.  Certain
non-GAAP comparative analysis is available in the operational
results section of this release and in the investor section of
archcoal.com.

"Arch achieved a strong financial and operational performance in
the fourth quarter -- our first earnings period following the
completion of our successful restructuring," said John W. Eaves,
Arch's chief executive officer.  "These results demonstrate the
positive momentum in our business and the potential we have to
elevate our performance still further as the industry continues to
evolve.  We are confident in our ability to leverage our strong
operating portfolio, commercial and logistical expertise and
enhanced financial foundation to deliver long-term value for our
shareholders."

Arch's Financial Position

As a result of its financial restructuring, the company greatly
reduced its total indebtedness and interest expense, creating a
strong financial platform fortified to support its operations in
every phase of the coal market cycle.  In total, the company
eliminated nearly $4.8 billion of debt obligations and $330 million
of annual cash interest expense.  Currently, Arch's debt level
totals $363 million, with approximately $38 million of annual
interest expense.  Taking into account reorganization payments made
at the time of emergence, Arch's cash and short-term investment
balance grew from $309 million at September 30 to over $393 million
at December 31.

"Our successful financial restructuring has dramatically
transformed our capital structure, enhanced our balance sheet and
provided the kind of financial flexibility that will enable us to
compete successfully in today's marketplace," said John T. Drexler,
Arch's senior vice president and chief financial officer. "Our
fourth quarter performance illustrates the overall strength of the
new Arch Coal, and our liquidity position will enable us to execute
our strategy, capitalize fully on our low-cost operating portfolio,
and generate long-term shareholder value."

Arch's Fundamental Foundation

Arch remains a leader in surface and underground mine safety, with
a total incident rate more than two times better than the industry
average.  During 2016, Arch operations were honored with the top
state safety awards in West Virginia, Wyoming and Colorado.  Arch
was also honored with a national Sentinels of Safety award and its
Leer operation was recognized by the National Institute for
Occupational Safety and Health (NIOSH) with the Technology
Innovation Award.

Arch once again excelled in environmental stewardship, recording a
company-best performance, with nine complexes completing 2016 with
a perfect environmental record as measured by the Surface Mining
Control and Reclamation Act (SMCRA).  In the past year, dedication
to environmental management has earned Arch and its subsidiaries 11
significant state awards, including top reclamation accolades in
West Virginia, Wyoming and Colorado.

"Through the unwavering commitment of our entire workforce, Arch
continues to stand out among its peers in safety and environmental
performance," said Paul A. Lang, Arch's president and chief
operating officer.  "We have long believed that safe and
responsible operations are the most efficient operations, and we
will continue to focus diligently on the core values that serve as
the foundation of our company."

Arch's Operational Results

"Our operations turned in a solid cost performance during the
fourth quarter of 2016 -- with the metallurgical portfolio
reinforcing our low-cost position among U.S. metallurgical
suppliers," said Mr. Lang.  "Looking ahead we will continue to
focus on maintaining our disciplined approach to cost control,
maximizing the value of our diverse product slate and expanding
margins in each of our operating segments."

In the Metallurgical segment, the company shipped 1.7 million tons
of coking coal at an average realized price of $75.36 per ton, a
30-percent increase over the average realized price in the prior
quarter, with the remaining volume consisting of a mix of
pulverized coal injection (PCI), thermal and lower quality thermal
byproduct coal.  Realizations benefited from higher pricing on new
coking coal sales and stronger pricing on index-based contracts
that shipped during the quarter.  During the fourth quarter,
segment cash margins expanded more than three-fold compared to the
prior quarter, reaching $12.63 per ton, with the average sales
price increasing $10.24 per ton. Stronger pricing on coking and PCI
sales helped offset the impact of increased shipments of
lower-priced thermal and thermal byproduct coal.  Two planned
longwall moves in the region contributed to the modest increase in
cash costs when compared with the third quarter.  Arch believes its
metallurgical segment costs are at the very low end of the industry
cost curve.

In the Powder River Basin, the company shipped 21.8 million tons as
stronger natural gas prices contributed to solid demand from power
generators.  Average sales price per ton declined 3 percent versus
the third quarter, driven by sales mix between mines.  While cash
costs in the segment rose due to volume decline, Arch still
achieved an exceptional cost performance when compared to
historical levels.  Looking ahead, costs in the Powder River Basin
are expected to normalize in the range of $10.20 to $10.70 per ton
as Black Thunder settles into its anticipated new level of
production of 70 to 80 million tons per year.

In the Other Thermal segment, which now includes the Coal-Mac
operation in West Virginia, cash margins reached $12.22 per ton, an
increase of 7 percent versus the third quarter, driven primarily by
solid overall cost performance.  Improved pricing on international
sales due to West Elk's ability to capitalize on the uptick in
Newcastle prices helped offset weaker shipments from the Viper
mine, which was hampered by an extended operating outage at its
largest customer.

Key Market Developments

Metallurgical Coal Markets

Global metallurgical markets rebounded significantly in the latter
part of 2016, with average pricing assessments off the East Coast
of the United States increasing by 130 percent year-over-year for
High-Vol A coking coal.

Arch attributes the increase in metallurgical pricing to several
developments, including production restrictions in China and the
impact of a multi-year period of reduced global investment and
supply rationalization.

Looking ahead, the company expects the market to address the
undersupplied conditions of 2016, with new supply coming online in
response to stronger price signals.  With this supply response, we
expect the market to return to a healthy balance, with prices
stabilizing at levels needed to keep the market in relative
equilibrium.

The World Steel Association expects global demand for steel to
increase by 0.5 percent in 2017, with more robust growth projected
for key Atlantic Basin markets, including the United States, Europe
and Brazil.

Moreover, Arch is projecting additional strengthening in the
seaborne market, with sizeable increases in demand for
high-quality, imported coking coal in India, and a continuation of
the conditions that bolstered China's participation in seaborne
markets in the year's second half.

Thermal Coal Markets

Despite a relatively mild winter thus far, natural gas is trading
in a higher range than a year ago.  Assuming this trend continues,
it should spur higher utilization rates at coal-based power plants
and stronger thermal coal consumption levels throughout 2017.

Although still elevated, stockpiles at U.S. coal-based power plants
declined by more than 35 million tons, or 17 percent, during the
course of 2016, according to company estimates.  Arch expects this
stockpile liquidation to continue at least through the first half
of 2017.

Given current production rates and assuming normal weather, Arch
anticipates utility stockpiles to reach target levels sometime in
the third quarter of 2017. Once that occurs, thermal coal demand
and shipments should increase and market conditions should
improve.

Additionally, the new Administration should prove to be positive
for Arch's metallurgical and thermal franchises.  Arch anticipates
that the new Administration will constructively address the
regulatory burden that has pressured the industry in recent years,
resulting in stabilization in domestic thermal coal demand in the
intermediate term.  Further, Arch anticipates a sharp focus on
maintaining a competitive domestic steel sector.

Company Outlook

Arch has established sales targets for 2017 of between 7.2 million
and 7.8 million tons of metallurgical coal, which includes PCI
coal, and between 88 million and 96 million tons of thermal coal.
At the midpoint of its guidance level, Arch is nearly 75 percent
committed on coking coal sales for the full year, with nearly 35
percent of that committed volume exposed to index and other pricing
mechanisms.  At the midpoint of guidance, Arch's thermal sales are
nearly 85 percent committed for the full year.

"As we progress through 2017, we expect metallurgical prices to
remain well above the levels that prevailed during the first half
of 2016," said Mr. Eaves.  "Moreover, we anticipate improving
conditions in U.S. thermal markets, particularly later in the year.
Given the highly competitive cost structures of our metallurgical,
Powder River Basin and complementary thermal operations, we believe
we are advantageously positioned to capitalize on the still-strong
metallurgical markets and continuing recovery in U.S. thermal
markets."

"We are enthusiastic about Arch's future and the opportunities that
lie before us.  We are intently focused on solidifying our position
as a premier U.S. coal supplier -- maintaining our disciplined
operating approach, enhancing our customer service and delivering
significant returns for our shareholders."

A conference call regarding Arch Coal's fourth quarter 2016
financial results will be webcast live today at 11 a.m. Eastern
time.  The conference call can be accessed via the "investor"
section of the Arch Coal website (http://investor.archcoal.com).

                         About Arch Coal

Founded in 1969, Arch Coal, Inc., is a producer and marketer of
coal in the United States, with operations and coal reserves in
each of the major coal-producing regions of the Country.  As of
January 2016, it was the second-largest holder of coal reserves in
the United States, owning or controlling over five billion tons of
proven and probable reserves.  

Arch Coal, Inc., and 71 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. E.D. Mo. Case Nos. 16-40120 to
16-40191) on Jan. 11, 2016.  The petition was signed by Robert G.
Jones as senior vice president-law, general counsel and secretary.

The Debtors disclosed total assets of $5.84 billion and total debt
of $6.45 billion at the time of the bankruptcy filing.  Judge
Charles E. Rendlen III has been assigned the case.

The Debtors engaged Davis Polk & Wardwell LLP as counsel, Bryan
Cave LLP as local counsel, FTI Consulting, Inc. as restructuring
advisor, PJT Partners as investment banker, and Prime Clerk LLC as
notice, claims and solicitation agent.

An Official Committee of Unsecured Creditors was appointed in the
case.  The Committee retained Kramer Levin Naftalis & Frankel LLP
as counsel; Spencer Fane LLP as local counsel; Berkeley Research
Group, LLC as financial advisor; Jefferies LLC as investment
banker; and Blackacre LLC as coal consultant.

                            *     *     *

The Bankruptcy Court for the Eastern District of Missouri on
September 13, 2016, entered an order confirming the Debtors' Fourth
Amended Joint Plan dated as of September 11, 2016.  The Plan was
amended on September 15.  On October 5, 2016, Arch Coal consummated
the transactions contemplated by the Plan, which became effective
on that date.


ARKANOVA ENERGY: Incurs $4 Million Net Loss in Fiscal 2016
----------------------------------------------------------
Arkanova Energy Corporation filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss of
$4.02 million on $351,312 of total revenue for the year ended Sept.
30, 2016, compared to a net loss of $3.32 million on $452,686 of
total revenue for the year ended Sept. 30, 2015.

As of Sept. 30, 2016, Arkanova had $567,844 in total assets, $19.53
million in total liabilities and a total stockholders' deficit of
$18.96 million.

MaloneBailey, LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Sept. 30, 2016, citing that the Company has incurred
cumulative losses since inception and has negative working capital
which raises substantial doubt about its ability to continue as a
going concern.

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

                     https://is.gd/EN173H

                        About Arkanova

Austin, Tex.-based Arkanova Energy Corporation is a junior
producing oil and gas company and is also engaged in the
acquisition, exploration and development of prospective oil and
gas properties.  It holds mineral leases in Delores County, Lone
Mesa State Park, Colorado and leasehold interests located in
Pondera and Glacier Counties, Montana.


ARMSTRONG ENERGY: Kenneth Allen Resigns as Director
---------------------------------------------------
Armstrong Energy, Inc. received a letter from Kenneth E. Allen
notifying the Company of his resignation from the Board of
Directors of the Company effective Feb. 7, 2017.  

To the knowledge of the executive officers of the Company, Mr.
Allen's resignation was not due to any disagreement with the
Company on any matter relating to the Company's operations,
policies or practices, according to a Form 8-K report filed with
the Securities and Exchange Commission.  

Mr. Allen has not resigned from his position as the Company's
executive vice president and chief operating officer

                        About Armstrong

Armstrong Energy, Inc. is a diversified producer of low chlorine,
high sulfur thermal coal from the Illinois Basin, with both surface
and underground mines.  The Company markets its coal primarily to
proximate and investment grade electric utility companies as fuel
for their steam-powered generators.  Based on 2015 production, the
Company is the fifth largest producer in the Illinois Basin and the
second largest in Western Kentucky.

The Company reported a net loss of $162.14 million for the year
ended Dec. 31, 2015, a net loss of $28.83 million for the year
ended Dec. 31, 2014, and a net loss of $25.07 million for the year
ended Dec. 31, 2013.

As of Sept. 30, 2016, Armstrong had $349.8 million in total assets,
$423.0 million in total liabilities and a total stockholders'
deficit of $73.23 million.

                            *    *    *

As reported by the TCR on Oct. 27, 2016, S&P Global Ratings said it
lowered its corporate credit rating on Armstrong Energy Inc. to
'CCC-' from 'CCC+' and placed the rating on CreditWatch with
developing implications.

In March 2016, Moody's Investors Service downgraded the ratings of
Armstrong Energy, Inc., including its corporate family rating to
'Caa1' from 'B3', probability of default rating (PDR) to 'Caa1-PD'
from 'B3-PD', and the rating on the senior secured notes to 'Caa2'
from 'B3'.  The outlook is negative.


AT YOUR SERVICE: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------
The Office of the U.S. Trustee on Feb. 14 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of At Your Service, LLC.

At Your Service, LLC, filed for Chapter 11 bankruptcy protection
(Bankr. D. Md. Case No. 17-10436) on Jan. 12, 2017.  Franklin
Deleno Henderson, 1st, Esq., serves as the Debtor's bankruptcy
counsel.


ATLAS RESOURCE: Law Firm Investigates Potential Securities Claims
-----------------------------------------------------------------
Richard A. Nervig, P.C. on Feb. 3, 2017, disclosed that on July 27,
2016, Atlas Resource Partners, L.P. and certain of its affiliates
("Atlas") filed voluntary petitions for relief under Chapter 11 of
the United States Bankruptcy Code in the United States Bankruptcy
Court for the Southern District of New York.  

Limited partnership interests like those issued by Atlas are
typically high risk ventures suitable only for the most
sophisticated investors.  If you purchased Atlas securities based
upon the recommendation of a broker and/or brokerage firm and you
believe such was not suitable for your investment needs and/or that
you were not provided all information necessary for you to make an
informed investment decision, my firm would like to speak to you
about your investment.

The following is a list of limited partnerships issued by Atlas
and/or affiliates over the last six years:

   -- Atlas Resource Partners, L.P.
   -- Atlas Resources Series 31-2011 L.P.
   -- Atlas Resources Public #19-2010 (A) L.P.
   -- Atlas Resources Series 32-2012 L.P.
   -- Atlas Resources Public #19-2010 (B) L.P.
   -- Atlas Resources Series 33-2013 L.P.
   -- Atlas Resources Public #19-2011 (C) L.P.
   -- Atlas Resources Series 34-2014 L.P.
   -- Atlas Resources Series 30-2011 L.P.

If you are an Atlas Resource limited partnership investor and are
interested in learning more about your legal rights and remedies,
please contact Richard A. Nervig (info@nerviglaw.com) at
760-451-2300.   If you email, please include your phone number.
Also see the Web site at http://www.nerviglaw.com/

FREE CONSULTATION
Toll Free Tel. (800) 837-0441
Email: info@nerviglaw.com
www.nerviglaw.com

                About Atlas Resource Partners

Atlas Resource Partners, L.P., a publicly-traded master-limited
partnership, is an independent oil and natural gas company engaged
in the exploration, development, and production of oil and natural
gas properties with operations in basins across the United States.
    
Atlas Resource Partners, L.P. and 23 of its subsidiaries each filed
a voluntary petition under Chapter 11 of the Bankruptcy Code
(Bankr. S.D.N.Y. Lead Case No. 16-12149) on July 27, 2016.  The
petitions were signed by Jeffrey M. Slotterback as chief financial
officer.

In the petition, the Debtors list total assets of $1.32 billion and
total debts of $1.53 billion as of July 20, 2016.

The Debtors have hired David M. Turetsky, Esq., Ron E. Meisler,
Esq., Felicia Gerber Perlman, Esq., and Carl T. Tullson, Esq., at
Skadden, Arps, Slate, Meagher & Flom LLP as counsel; Perella
Weinberg Partners LP as investment banker; and  Epiq Bankruptcy
Solutions, LLC as claims and noticing agent.


BASS PRO: Bank Debt Trades at 3% Off
------------------------------------
Participations in a syndicated loan under Bass Pro Group LLC is a
borrower traded in the secondary market at 96.70
cents-on-the-dollar during the week ended Friday, February 10,
2017, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents a decrease of 0.33 percentage points from
the previous week.  Bass Pro pays 500 basis points above LIBOR to
borrow under the $2.97 billion facility. The bank loan matures on
Nov. 14, 2023 and carries Moody's B1 rating and Standard & Poor's
B+ rating.  The loan is one of the biggest gainers and losers among
247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended February 10.


BAYOU SHORES: Fights to Keep Medicare Dispute in Bankruptcy Court
-----------------------------------------------------------------
Rick Archer, writing for Bankruptcy Law360, reports that Bayou
Shores SNF LLP filed a writ of certiorari saying that the U.S.
Supreme Court must take up its fight to keep a Medicare payment
dispute in bankruptcy court because the Eleventh Circuit's view of
the bankruptcy court's jurisdiction was in direct conflict with the
Ninth Circuit.

Law360 relates that the Eleventh Circuit upheld moving the case to
district court in 2016.

                         About Bayou Shores

Bayou Shores SNF LLC, c/o Rehabilitation Center of St. Petersburg,
filed for Chapter 11 bankruptcy (Bankr. M.D. Fla. Case No.
14-09521) on Aug. 15, 2014, in Tampa.  Elizabeth A Green, Esq., at
Baker & Hostetler LLP, serves as the Debtor's counsel.  In its
petition, the Debtor estimated assets and liabilities of $1 million
to $10 million.  The petition was signed by Tzvi Bogomilsky,
managing member.

The Troubled Company Reporter, on Jan. 13, 2015, reported that the
Rehabilitation Center of St. Petersburg nursing home has emerged
from bankruptcy -- despite protests from Medicare officials --
after a bankruptcy judge agreed it fixed record-keeping and patient
care problems.


BCL ONE: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------
The Office of the U.S. Trustee on Feb. 14 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of BCL One, LLC.

Headquartered in Salisbury, North Carolina, BCL One, LLC, filed for
Chapter 11 bankruptcy protection (Bankr. M.D. N.C. Case No.
17-50141) on Feb. 13, 2017, estimating its assets and liabilities
at between $1 million and $10 million each.  The petition was
signed by B. Clay Lindsay, Jr., authorized representative.

Judge Lena M. James presides over the case.

Brian Hayes, Esq., at Ferguson, Hayes, Hawkins & Demay, PLLC,
serves as the Debtor's bankruptcy counsel.


BEAR STEARNS: Reviving of Fraud Suit Against Ratings Cos. Denied
----------------------------------------------------------------
Martin O'Sullivan, writing for Bankruptcy Law360, reports that a
New York appeals court refused to revive a fraud lawsuit by
liquidators for two Bear Stearns & Co. Inc. feeder funds accusing
Standard & Poor's Financial Services LLC, Moody's Investors Service
Inc. and Fitch Ratings Inc. of artificially raising ratings of
residential mortgage-backed securities, collateralized debt
obligations and other structured finance products.


BELK INC: Bank Debt Trades at 14% Off
-------------------------------------
Participations in a syndicated loan under BELK, Inc. is a borrower
traded in the secondary market at 86.17 cents-on-the-dollar during
the week ended Friday, February 10, 2017, according to data
compiled by LSTA/Thomson Reuters MTM Pricing.  This represents an
increase of 0.76 percentage points from the previous week.  BELK,
Inc. pays 450 basis points above LIBOR to borrow under the $1.5
billion facility. The bank loan matures on Nov. 19, 2022 and
carries Moody's B2 rating and Standard & Poor's B rating.  The loan
is one of the biggest gainers and losers among 247 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended February 10.


BILL BARRETT: Vanguard Group Reports 6.9% Stake as of Dec. 31
-------------------------------------------------------------
The Vanguard Group disclosed in an amended Schedule 13G filed with
the Securities and Exchange Commission that as of Dec. 31, 2016, it
beneficially owns 5,085,969 shares of common stock of Bill Barrett
Corp representing 6.90 percent of the shares outstanding.

Vanguard Fiduciary Trust Company, a wholly-owned subsidiary of The
Vanguard Group, Inc., is the beneficial owner of 58,318 shares or
.07% of the Common Stock outstanding of the Company as a result of
its serving as investment manager of collective trust accounts.

Vanguard Investments Australia, Ltd., a wholly-owned subsidiary of
The Vanguard Group, Inc., is the beneficial owner of 5,561 shares
or .00% of the Common Stock outstanding of the Company as a result
of its serving as investment manager of Australian investment
offerings.

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

                       https://is.gd/5d9Z7h

                        About Bill Barrett

Denver-based Bill Barrett Corporation is an independent energy
company that develops, acquires and explores for oil and natural
gas resources.  All of the Company's assets and operations are
located in the Rocky Mountain region of the United States.

Bill Barrett reported a net loss of $488 million in 2015 following
net income of $15.08 million in 2014.

As of Sept. 30, 2016, Bill Barrett had $1.33 billion in total
assets, $826.4 million in total liabilities and $509.2 million in
total stockholders' equity.

                            *    *    *

In June 2016, Moody's Investors Service affirmed Bill Barrett
Corporation's 'Caa2' Corporate Family Rating and revised the
Probability of Default Rating to 'Caa2-PD/LD' from 'Caa2-PD.'
"Bill Barrett's debt for equity exchange achieved some reduction in
its overall debt burden, but the company's cash flow and leverage
metrics continue to remain challenged as its hedges roll off in
2017," commented Amol Joshi, Moody's vice president.

In July 2016, S&P Global Ratings raised the corporate credit rating
on Bill Barrett to 'B-' from 'SD'.  The rating outlook is negative.
"The upgrade reflects our reassessment of the company's corporate
credit rating following the debt-for-equity exchange of its 7.625%
senior unsecured notes due 2019, and also reflects our expectation
that there will be no further distressed exchanges over the next 12
months," said S&P Global Ratings credit analyst Kevin Kwok.


BONANZA CREEK: Ropes & Gray, Pepper Hamilton Represent GMO & GCA
----------------------------------------------------------------
Ropes & Gray LLP and Pepper Hamilton LLP filed with the U.S.
Bankruptcy Court for the District of Delaware on Feb. 10, 2017, a
verified statement pursuant to Rule 2019 of the Federal Rules of
Bankruptcy Procedure in connection with the Firms' representation
in the Chapter 11 Cases of (i) GMO Credit Opportunities Fund, L.P.,
and Global Credit Advisers, LLC, as investment advisor.

GMO and GCA hold, or are the investment advisors or managers of
accounts that hold, 6.75% Senior Notes due 2021 and 5.75% Senior
Notes due 2023 issued by Bonanza Creek Energy, Inc.  In accordance
with Bankruptcy Rule 2019, the address and nature and amount of all
disclosable economic interests, as of Feb. 10, 2017, for each of
GMO and GCA are:

     a. GMO Credit Opportunities Fund, L.P.
        40 Rowes Wharf
        Boston, MA 02110
        Nature and Amount of Disclosable
        Economic Interests: $20,640,000 Senior Notes

     b. Global Credit Advisers, LLC, as investment advisor
        101 Park Avenue, 26th Floor
        New York, NY 10178
        Nature and Amount of Disclosable
        Economic Interests: $12,660,000 Senior Notes

In January 2017, GMO and GCA contacted Ropes & Gray to represent
them in connection with the Chapter 11 Cases. GMO and GCA also
retained Pepper Hamilton in February 2017.  Neither GMO nor GCA
represents or purports to represent any other entities in
connection with the Chapter 11 Cases.  The Firms do not hold any
claims against, or interests in, the Debtors.

The Firms can be reached at:

      PEPPER HAMILTON LLP
      David B. Stratton, Esq.
      Hercules Plaza, Suite 5100
      1313 Market Street
      P.O. Box 1709
      Wilmington, Delaware 19899-1709
      Tel: (302) 777-6500

          -- and --

      D. Ross Martin, Esq.
      Andrew G. Devore, Esq.
      ROPES & GRAY LLP
      Prudential Tower, 800 Boylston Street
      Boston, MA 02199-3600
      Tel: (617) 951-7483
      E-mail: Ross.Martin@ropesgray.com
              Andrew.Devore@ropesgray.com

                   About Bonanza Creek Energy

Bonanza Creek Energy, Inc. (NYSE: BCEI) --
http://www.bonanzacrk.com/-- is an independent oil and Natural Gas
Company engaged in the acquisition, exploration, development and
production of onshore oil and associated liquids-rich natural gas
in the U.S.  The Company's assets and operations are concentrated
primarily in the Rocky Mountain region in the Wattenberg Field,
focused on the Niobrara and Codell formations, and in southern
Arkansas, focused on oily Cotton Valley sands.

On Jan. 4, 2017, Bonanza Creek Energy, Inc., and six affiliated
debtors each filed a voluntary petition for relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. Case No.
17-10015).  The cases are pending before the Hon. Kevin J. Carey,
and the Debtors have requested joint administration of the cases.

Bonanza Creek Energy on Dec. 23, 2016, filed a Joint Prepackaged
Plan of Reorganization and Disclosure Statement after reaching a
deal with (i) certain holders that own or manage with the authority
to act on behalf of the beneficial owners of 51.1% in aggregate
principal amount of Bonanza Creek's approximately $800 million in
aggregate principal amount of outstanding 5.75% Senior Notes and
6.75% Senior Notes; and (ii) NGL Energy Partners LP and NGL Crude
Logistics, LLC, the counterparties to one of the Debtors' crude oil
purchase and sale agreements.

Davis, Polk & Wardwell LLP is acting as legal counsel to the
Debtors, Richards, Layton & Finger, P.A., is acting as co-counsel,
Perella Weinberg Partners LP is acting as financial advisor,
Alvarez & Marsal LLC is acting as restructuring advisor and Prime
Clerk LLC is acting as notice, claims and solicitation agent to the
Company in connection with its restructuring efforts.

Kirkland & Ellis LLP serves as legal counsel and Evercore Group
L.L.C. serves as financial advisor to the ad hoc committee of
holders of the Senior Notes.


BOXWOOD LLC: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------
The Office of the U.S. Trustee on Feb. 14 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Boxwood, LLC.

Headquartered in Salisbury, North Carolina, Boxwood, LLC, filed for
Chapter 11 bankruptcy protection (Bankr. M.D. N.C. Case No.
17-50142) on Feb. 13, 2017, estimating its assets and liabilities
at between $1 million and $10 million.  The petition was signed by
B. Clay Lindsay, Jr., authorized representative.

Judge Lena M. James presides over the case.

Brian Hayes, Esq., at Ferguson, Hayes, Hawkins & Demay, PLLC,
serves as the Debtor's bankruptcy counsel.

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


CAESARS ENTERTAINMENT: Reports 4th Qtr., Full-Year 2016 Results
---------------------------------------------------------------
Caesars Entertainment Corporation on Feb. 14, 2017, reported fourth
quarter and full-year 2016 results, which highlights certain GAAP
and non-GAAP financial measures on a consolidated basis.

Full Year

   -- Net revenues for Continuing CEC increased 2.8% to $3.9
billion driven by strength in Las Vegas due to favorable hold and
improved hotel performance.

   -- Net loss for Continuing CEC, before including the effect of
noncontrolling interest, was $2.7 billion due to $5.7 billion of
accruals related to the restructuring of Caesars Entertainment
Operating Company, Inc. ("CEOC"), partially offset by a gain of
$4.2 billion on the sale of Caesars Interactive Entertainment's
("CIE") social and mobiles games business.

   -- Adjusted EBITDA for Continuing CEC increased 8.6% to $1.1
billion driven by net revenue increases and efficiency
initiatives.

   -- In January 2017, the U.S. Bankruptcy Court for the Northern
District of Illinois approved CEOC's Plan of Reorganization, paving
the way for a successful conclusion to CEOC's bankruptcy in 2017.

Fourth Quarter

   -- Net revenues for Continuing CEC increased 3.0% year-over-year
to $949 million.

   -- Net loss for Continuing CEC, before including the effect of
noncontrolling interest, was $435 million compared to a net loss of
$39 million in the fourth quarter of 2015 mainly due to a $426
million accrual related to the restructuring of CEOC.

   -- Adjusted EBITDA for Continuing CEC grew 10.6% year-over-year
to $250 million.

   -- Continuing CEC Cash ADR in Las Vegas was up 5.8% due to
increased resort fees, effective hotel yield management and
improved pricing power.

"Caesars Entertainment delivered a second consecutive year of solid
operational improvement and margin expansion driven by strong
performance in Las Vegas, our largest market, and continued
productivity improvements.  We also generated record full year cash
hotel revenues as we renovated over 8,000 rooms domestically since
2014.  This year, we intend to deliver additional cash flow and
margin improvements while completing CEOC's restructuring. These
actions will allow us to continue to generate more value for our
stakeholders as we execute against our long-term plan," said Mark
Frissora, President and Chief Executive Officer of Caesars
Entertainment.

Summary Financial Data

The results of CEOC and its subsidiaries are no longer consolidated
with Caesars subsequent to CEOC and certain of its United States
subsidiaries (the "Debtors") voluntarily filing for reorganization
under Chapter 11 of the United States Bankruptcy Code (the
"Bankruptcy Code") on January 15, 2015.  In January 2017, the U.S.
Bankruptcy Court for the Northern District of Illinois approved
CEOC's Plan of Reorganization.  This is a key milestone that paves
the way toward a successful conclusion of CEOC's bankruptcy in
2017.

Supplemental materials have been posted on the Caesars
Entertainment Investor Relations website at
http://investor.caesars.com/financials.cfm.

Financial Results

The Company states, "We view each casino property as an operating
segment and currently aggregate all such casino properties into two
reportable segments based on management's view, which aligns with
their own ownership and underlying credit structures: CERP and CGP.
Through June 30, 2016, we aggregated the operating segments within
CGP into two separate reportable segments: Caesars Growth Partners
Casino Properties and Developments ("CGP Casinos") and CIE.  On
September 23, 2016, CIE sold its social and mobile games business
("SMG Business") for cash consideration of $4.4 billion, subject to
customary purchase price adjustments, and retained only its World
Series of Poker ("WSOP") and regulated online real money gaming
businesses.  The SMG Business represented the majority of CIE's
operations and is being classified as a discontinued operation for
all periods presented.  After excluding the SMG Business from CIE's
continuing operations, we no longer consider CIE to be a separate
reportable segment from CGP Casinos. Therefore, CGP Casinos and CIE
have been combined for all periods presented to form the CGP
segment.  CEOC was a reportable segment until its deconsolidation
effective January 15, 2015."

Segment results in this release are presented consistent with the
way Caesars management assesses these results and allocates
resources, which is a consolidated view that adjusts for the impact
of certain transactions between reportable segments within Caesars,
as described below.  Accordingly, the results of certain reportable
segments presented in this filing differ from the financial
statement information presented in their stand-alone filings.
"Other" includes parent, consolidating, and other adjustments to
reconcile to consolidated Caesars results.  All comparisons are to
the same period of the previous year.

Continuing CEC

Net revenues for Continuing CEC increased 3.0% year-over-year to
$949 million primarily due to strong growth in the Las Vegas region
resulting from favorable year over year hold and improved hotel
performance.  Income from operations increased $61 million to $102
million, property EBITDA increased 15.2% to $273 million and
adjusted EBITDA increased 10.6% to $250 million.  These increases
were mainly due to increases in net revenues and efficiency
initiatives.  Net loss, before including the effect of
non-controlling interest, was $435 million compared to a net loss
of $39 million in the fourth quarter of 2015 mainly due to a $426
million accrual related to CEC's estimate of the additional amount
it will pay to support the restructuring of CEOC.

CERP

CERP owns six casinos in the United States and The LINQ promenade,
along with leasing Octavius Tower at Caesars Palace Las Vegas to
CEOC and gaming space at The LINQ promenade to CGP.

Net revenues for the fourth quarter of 2016 were $536 million, up
3.7% primarily due to increased gaming revenues and higher hotel
revenues in Las Vegas.  Room renovations at Paris negatively
impacted CERP's hospitality revenues in the quarter as there were
over 23,000 room nights out of service.  Casino revenues were $278
million, up 4.1% from the prior year mainly due to higher gaming
volumes in Las Vegas and Atlantic City as well as favorable year
over year hold, primarily at Paris.  Room revenues rose 2.3% in the
quarter to $135 million driven by a 6.3% increase in cash ADR
mainly due to improved hotel performance in Las Vegas as a result
of room renovations at Harrah's and Paris.  Food and beverage
revenues were $128 million, down 0.8%, partially driven by rooms
out of service at Paris.

Income from operations increased 20.0% to $96 million, net income
increased $12 million to a net loss of $1 million and adjusted
EBITDA increased 12.4% to $163 million.  These increases were
mainly due to higher revenues and efficiency initiatives.  Hold was
estimated to have a minimal effect on operating income in the
quarter relative to our expected hold and a favorable effect of
between $5 million and $10 million when compared to the prior year
period.

CGP

CGP owns six casinos in the United States, primarily in Las Vegas,
as well as CIE.  CIE owns and operates regulated online real money
gaming and the WSOP tournaments and brand.

Net revenues for the fourth quarter of 2016 were $414 million, a
3.0% increase primarily attributable to higher gaming and hotel
revenues in Las Vegas and increases in entertainment revenue mainly
due to the Axis Theater at Planet Hollywood.  Casino revenues were
$265 million, up 1.9% from the prior year mainly driven by
favorable year over year hold, partially offset by weaker gaming
volumes in Baltimore and New Orleans.  Gaming volumes at Horseshoe
Baltimore were impacted by the entry of a new competitor in the
market while Harrah's New Orleans continued to experience pressure
from the smoking ban.  Room revenues increased 2.4% to $87 million
mainly due to higher hotel rates, resort fees and improved hotel
yield.  Planet Hollywood had 33,000 room nights off the market in
the quarter due to room renovations, which also affected hotel
revenues at the property.  Food and beverage revenues were $62
million, down 4.6%, partially due to rooms out of service at Planet
Hollywood.

Net income decreased $14 million to $11 million primarily
attributable to the sale of CIE's SMG Business.  Income from
operations increased 55.6% to $42 million and adjusted EBITDA
increased 19.2% to $93 million mainly due to higher revenues and
efficiency initiatives.  Hold was estimated to have a favorable
effect on operating income of between $0 million and $5 million in
the quarter relative to our expected hold and between $0 million
and $5 million when compared to the prior year period.

CEOC and CES

CEOC owns and operates 19 casinos in the United States and nine
internationally, most of which are located in England, and manages
8 casinos, which include one CGP casino and seven casinos for
unrelated third parties.  Caesars Enterprise Services ("CES") is a
joint venture among CERP, CEOC, and a subsidiary of CGP.  CES
provides certain corporate and administrative services to their
casino properties.  In addition, effective October 2014 most of the
properties owned by CERP and CGP are managed by CES.

Cash and Available Revolver Capacity

CEC is primarily a holding company with no independent operations,
employees, or material debt issuances of its own.  CEC's primary
assets as of December 31, 2016, consist of $188 million in cash and
cash equivalents and its ownership interests in CEOC, CERP and CGP.
CEC's cash includes $109 million held by insurance captives. Each
of the subsidiary entities comprising Caesars Entertainment's
consolidated financial statements have separate debt agreements
with restrictions on usage of the respective entity's capital
resources.  CGP is a variable interest entity that is consolidated
by Caesars Entertainment, but is controlled by its sole voting
member, Caesars Acquisition Company ("CAC").  CAC is a managing
member of CGP and therefore controls all decisions regarding
liquidity and capital resources of CGP.  CEOC was deconsolidated
effective January 15, 2015.

CEC has limited unrestricted cash available to meet its financial
commitments, primarily resulting from significant expenditures made
to defend against litigation related to the CEOC restructuring and
to support a plan of reorganization for CEOC. The completion of the
merger with CAC is expected to allow CEC to fulfill its financial
commitments in support of the restructuring; under the terms of the
restructuring, all related litigation is expected to be resolved;
and CEC is permitted to use a portion of the proceeds from the sale
of CIE's SMG Business to fund certain expenses incurred related to
the restructuring.  If CEC is unable to obtain additional sources
of cash when needed, in the event of a material adverse ruling on
one or all of our ongoing litigation matters, or if CEOC does not
emerge from bankruptcy on a timely basis on terms and under
circumstances satisfactory to CEC, it is likely that CEC would seek
reorganization under Chapter 11 of the Bankruptcy Code.

                  About Caesars Entertainment

Caesars Entertainment Corp., formerly Harrah's Entertainment Inc.,
is one of the world's largest casino companies.  Caesars casino
resorts operate under the Caesars, Bally's, Flamingo, Grand
Casinos, Hilton and Paris brand names.  The Company has its
corporate headquarters in Las Vegas.  Harrah's announced its
re-branding to Caesar's in mid-November 2010.

In January 2015, Caesars Entertainment and subsidiary Caesars
Entertainment Operating Company, Inc., announced that holders of
more than 60% of claims in respect of CEOC's 11.25% senior secured
notes due 2017, CEOC's 8.5% senior secured notes due 2020 and
CEOC's 9% senior secured notes due 2020 have signed the Amended and
Restated Restructuring Support and Forbearance Agreement, dated as
of Dec. 31, 2014, among Caesars Entertainment, CEOC and the
Consenting Creditors.  As a result, The RSA became effective
pursuant to its terms as of Jan. 9, 2015.

Appaloosa Investment Limited, et al., owed $41 million on account
of 10% second lien notes in the company, filed an involuntary
Chapter 11 bankruptcy petition against CEOC (Bankr. D. Del. Case
No. 15-10047) on Jan. 12, 2015.  The bondholders are represented By
Robert S. Brady, Esq., at Young, Conaway, Stargatt & Taylor LLP.

CEOC and 172 other affiliates -- operators of 38 gaming and resort
properties in 14 U.S. states and 5 countries -- filed Chapter 11
bankruptcy petitions (Bank. N.D. Ill.  Lead Case No. 15-01145) on
Jan. 15, 2015.  CEOC disclosed total assets of $12.3 billion and
total debt of $19.8 billion as of Sept. 30, 2014.

Delaware Bankruptcy Judge Kevin Gross entered a ruling that the
bankruptcy proceedings will proceed in the U.S. Bankruptcy Court
for the Northern District of Illinois.

Kirkland & Ellis serves as the Debtors' counsel.  AlixPartners is
the Debtors' restructuring advisors.  Prime Clerk LLC acts as the
Debtors' notice and claims agent.  Judge Benjamin Goldgar presides
over the cases.

The U.S. Trustee has appointed an official committee of second
priority noteholders and an official unsecured creditors'
committee.

The U.S. Trustee appointed Richard S. Davis as Chapter 11 examiner.
The examiner retained Winston & Strawn LLP, as his counsel;
Alvarez & Marsal Global Forensic and Dispute Services, LLC, as
financial advisor; and Luskin, Stern & Eisler LLP, as special
conflicts counsel.

                         *     *     *

On Jan. 17, 2017, the U.S. Bankruptcy Court for the Northern
District of Illinois confirmed the Third Amended Joint Plan of
Reorganization of Caesars Entertainment Operating Company, Inc. and
its affiliated debtors.


CALIFORNIA RESOURCES: Vanguard Reports 4.1% Stake as of Dec. 31
---------------------------------------------------------------
The Vanguard Group disclosed in an amended Schedule 13G filed with
the Securities and Exchange Commission that as of Dec. 31, 2016, it
beneficially owns 1,697,726 shares of common stock of
California Resources Corp representing 4.11 percent of the shares
outstanding.

Vanguard Fiduciary Trust Company, a wholly-owned subsidiary of The
Vanguard Group, Inc., is the beneficial owner of 38,946 shares or
.09% of the Common Stock outstanding of the Company as a result of
its serving as investment manager of collective trust accounts.

Vanguard Investments Australia, Ltd., a wholly-owned subsidiary of
The Vanguard Group, Inc., is the beneficial owner of 4,840 shares
or .01% of the Common Stock outstanding of the Company as a result
of its serving as investment manager of Australian investment
offerings.

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

                     https://is.gd/TebIag

                  About California Resources

California Resources Corporation is an independent oil and natural
gas exploration and production company operating properties
exclusively within the State of California.  The Company was
incorporated in Delaware as a wholly-owned subsidiary of Occidental
on April 23, 2014, and remained a wholly-owned subsidiary of
Occidental until the Spin-off.  On Nov. 30, 2014, Occidental
distributed shares of the Company's common stock on a pro rata
basis to Occidental stockholders and the Company became an
independent, publicly traded company, referred to in the annual
report as the Spin-off.  Occidental retained approximately 18.5% of
the Company's outstanding shares of common stock which it has
stated it intends to divest on March 24, 2016.

The Company reported a net loss of $3.55 billion in 2015 following
a net loss of $1.43 billion in 2014.

As of Sept. 30, 2016, California Resources had $6.33 billion in
total assets, $6.82 billion in total liabilities and a total
deficit of $493 million.

                           *    *    *

In September 2016, S&P Global Ratings raised its corporate credit
rating on California Resources to 'CCC+' from 'SD'.  "We raised
the corporate credit rating on CRC to reflect our reassessment of
its credit profile following the tender for its senior unsecured
notes," said S&P Global Ratings credit analyst Paul Harvey.  "The
rating reflects our expectation that debt leverage will remain at
what we consider unsustainable levels over the next 24 months
despite the net-debt reduction of about $625 million from the
tender," he added.

In August 2016, Moody's Investors Service downgraded California
Resources' Corporate Family Rating to 'Caa2' from 'Caa1' and
Probability of Default Rating to 'Caa2-PD' from 'Caa1-PD'.


CATASYS INC: Proposes to Offer Common Stock
-------------------------------------------
Catasys, Inc. filed a Form S-1 registration statement with the
Securities and Exchange Commission relating to the proposed
offering of an undetermined shares of common stock of the Company.
The information in the prospectus is preliminary and not complete
and may be changed.

The Company intends to use the net proceeds of this offering to
repay its outstanding short-term senior promissory notes and for
working capital and general corporate purposes.

The Company's common stock is quoted on the OTCQB Marketplace under
the symbol "CATS".  The Company intends to apply to list its common
stock on the NASDAQ Capital Market.  No assurance can be given that
its application will be approved.

A full-text copy of the preliminary Form S-1 prospectus is
available for free at https://is.gd/CWLob1

                       About Catasys Inc.

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

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

As of Sept. 30, 2016, Catasys had $3.85 million in total assets,
$28.43 million in total liabilities and a total stockholders'
deficit of $24.58 million.

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


CHESAPEAKE ENERGY: Harris Associates Has 3.9% Stake as of Dec. 30
-----------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Harris Associates L.P. and Harris Associates Inc.
disclosed that as of Dec. 30, 2016, they beneficially own
34,497,440 shares of common stock of Chesapeake Energy representing
3.9 percent of the shares outstanding.  A full-text copy of the
regulatory filing is available for free at:

                      https://is.gd/XoGEC7

                     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.


CHESAPEAKE ENERGY: Southeastern Asset Holds 5.7% Equity Stake
-------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Southeastern Asset Management, Inc. reported that as of
Dec. 31, 2016, it beneficially owns 50,385,643 shares (this
includes 583,124 shares underlying convertible preferred stocks) of
Chesapeake Energy Corporation representing 5.7 percent
based on 887,973,015 shares of Common Stock outstanding.  A
full-text copy of the regulatory filing is available for free at:

                      https://is.gd/6ADlgh

                     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.


CHESAPEAKE ENERGY: Vanguard Reports 9.48% Stake as of Dec. 31
-------------------------------------------------------------
The Vanguard Group disclosed in an amended Schedule 13G filed with
the Securities and Exchange Commission that as of Dec. 31, 2016, it
beneficially owns 84,197,250 shares of common stock of
Chesapeake Energy Corp. representing 9.48 percent of the shares
outstanding.

Vanguard Fiduciary Trust Company, a wholly-owned subsidiary of The
Vanguard Group, Inc., is the beneficial owner of 936,864 shares or
.10% of the Common Stock outstanding of the Company as a result of
its serving as investment manager of collective trust accounts.

Vanguard Investments Australia, Ltd., a wholly-owned subsidiary of
The Vanguard Group, Inc., is the beneficial owner of 108,902 shares
or .01% of the Common Stock outstanding of the Company as a result
of its serving as investment manager of Australian investment
offerings.

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

                     https://is.gd/OPucEu

                   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.


CLAYTON WILLIAMS: GRT Capital Holds 1.6% Stake as of Dec. 31
------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, GRT Capital Partners, L.L.C. disclosed that as of
Dec. 31, 2016, it beneficially owns 273,710 shares of common stock
of Clayton Williams Energy, Inc., representing 1.59 percent of the
shares outstanding.  A full-text copy of the regulatory filing is
available for free at https://is.gd/w7Nkum

                     About Clayton Williams

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

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

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

                          *     *     *

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

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


COLONEL HOSPITALITY: Case Summary & 19 Largest Unsecured Creditors
------------------------------------------------------------------
Debtor: Colonel Hospitality, LLC
          dba Regency Hotel
        11350 LBJ Freeway
        Dallas, TX 75238
        Tel: 609-994-2640

Case No.: 17-30572

Chapter 11 Petition Date: February 14, 2017

Court: United States Bankruptcy Court
       Northern District of Texas (Dallas)

Judge: Hon. Stacey G. Jernigan

Debtor's Counsel: Daniel C. Durand, III, Esq.
                  DURAND & ASSOCIATES, PC
                  522 Edmonds Lane, Suite 101
                  Lewisville, TX 75067
                  Tel: 972-221-5655
                  E-mail: durand@durandlaw.com
                          stephanie@durandlaw.com

Total Assets: $2.46 million

Total Liabilities: $4.96 million

The petition was signed by Teja S. Khela, owner.

A copy of the Debtor's list of 19 unsecured creditors is available
for free at http://bankrupt.com/misc/txnb17-30572.pdf


COMSTOCK MINING: Sun Valley Gold Reports 4.48% Equity Stake
-----------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Sun Valley Gold LLC, Palmedo Holdings LLLP and Peter F.
Palmedo disclosed that as of Dec. 31, 2016, they beneficially own
8,260,722 shares of common stock of Comstock Mining Inc.,
representing 4.48 percent of the shares outstanding.  A full-text
copy of the regulatory filing is available for free at:

                     https://is.gd/PjZkq5

                     About Comstock Mining

Virginia City, Nev.-based Comstock Mining Inc. is a Nevada-based,
gold and silver mining company with extensive, contiguous property
in the historic Comstock district.  The Company began acquiring
properties in the Comstock District in 2003.  Since then, the
Company has consolidated a substantial portion of the Comstock
district, secured permits, built an infrastructure and brought the
exploration project into test mining production.  The Company
continues acquiring additional properties in the Comstock
district, expanding its footprint and creating opportunities for
exploration and mining.  The goal of the Company's strategic plan
is to deliver stockholder value by validating qualified resources
(measured and indicated) and reserves (probable and proven) of
3,250,000 gold equivalent ounces by 2013, and commencing
commercial mining and processing operations by 2011, with annual
production rates of 20,000 gold equivalent ounces.

Comstock Mining reported a net loss available to common
shareholders of $15.9 million on $18.5 million of total revenues
for the year ended Dec. 31, 2015, compared to a net loss available
to common shareholders of $13.3 million on $25.6 million of total
revenues for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, the Company had $36.24 million in total
assets, $18.82 million in total liabilities and $17.41 million in
total stockholders' equity.


COMSTOCK RESOURCES: Senator Investment Owns Less Than 1% Stake
--------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Senator Investment Group LP, Alexander Klabin and
Douglas Silverman disclosed that as of Dec. 31, 2016, they
beneficially own 93,500 shares of common stock issuable upon
exercise of warrants of Comstock Resources, Inc., representing
0.69% based upon 13,455,559 shares of common stock issued and
outstanding as of Nov. 9, 2016.  A full-text copy of the regulatory
filing is available at https://is.gd/XC6EC7

                     About Comstock Resources

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

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

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

                        *     *     *

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

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


COOK COUNTY CSD: Moody's Lowers Issuer Rating to Ba3
----------------------------------------------------
Moody's Investors Service has downgraded Cook County Community
School District 147, IL's issuer rating to Ba3 from Ba2.
Concurrently, Moody's has confirmed the Ba3 rating on the
district's outstanding general obligation limited tax (GOLT) debt.
The outlook is negative.

The Ba3 issuer rating represents the district's implied general
obligation unlimited tax (GOULT) rating. The rating reflects the
Chicago-area suburb's distressed tax base with poor resident income
levels and weak property tax collection rates; substantial reliance
on revenues from the State of Illinois (Baa2 negative) to support
operations; limited revenue raising flexibility; and rapidly
deteriorating reserves. The rating also considers the district
board's recent approval of a financial stabilization plan, which
management anticipates will drive balanced operations in fiscal
2018.

The Ba3 rating on the district's GOLT debt reflects the credit
fundamentals inherent in the Ba3 issuer rating and the nature of
the dedicated levy that secures the GOLT debt, which is unlimited
as to rate but is limited by the amount of the district's Debt
Service Extension Base (DSEB). This action concludes a review
undertaken in conjunction with the publication on December 16, 2016
of the US Local Government General Obligation Methodology.

Rating Outlook

The negative outlook reflects Moody's expectations that the
district's property tax collection rates will remain weak, leading
to continued pressure on the district's financial position. Further
deterioration of operating reserves or liquidity beyond current
expectations will place downward pressure on the rating.

Factors that Could Lead to an Upgrade

Stabilization of the district's tax base and/or improvement in
resident income indices

Demonstrated ability to achieve operational balance and maintain
healthy operating reserves

Sustained improvement in tax collection rates

Factors that Could Lead to a Downgrade

Further deterioration of the district's tax base

Continued use of reserves to fund district operations

Further declines in the district's tax collection rates

Growth in the district's debt or pension burden

Legal Security

The district's outstanding GOLT debt is secured by the district's
pledge to levy a tax that is unlimited by rate but limited by the
amount of the district's DSEB. The DSEB is the dollar amount that a
district can levy each year for debt service on GOLT debt supported
by the DSEB.

Use of Proceeds

Not applicable.

Obligor Profile

Located 25 miles southwest of downtown Chicago (Ba1 negative), the
K-8 district encompasses approximately six square miles in southern
Cook County (A2 stable) and serves portions of the villages of
Harvey, Dixmoor, Blue Island, and Posen. District enrollment has
steadily declined by an average of 2.4% annually over the last five
years. It currently stands at 1,197.

Methodology

The principal methodology used in this rating was US Local
Government General Obligation Debt published in December 2016.



CORRUGATED INDUSTRIES: Case Summary & 20 Top Unsecured Creditors
----------------------------------------------------------------
Debtor: Corrugated Industries of Florida, Inc.
           aka Custom Metal Building Products
        1920 US Highway 301 North
        Tampa, FL 33619

Case No.: 17-01141

Chapter 11 Petition Date: February 14, 2017

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

Debtor's Counsel: David W Steen, Esq.
                  DAVID W STEEN, P.A.
                  2901 W. Busch Boulevard, Suite 311
                  Tampa, FL 33618
                  Tel: (813) 251-3000
                  E-mail: dwsteen@dsteenpa.com

Total Assets: $1.40 million

Total Debts: $1.13 million

The petition was signed by Gene D. Lebouef, Jr., vice president.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/flmb17-01141.pdf


COSI INC: Unsecured Creditors to be Paid Up to 19.2% of Claims
--------------------------------------------------------------
Cosi Inc. has filed a Chapter 11 plan of reorganization, which
proposes to pay general unsecured creditors 15.4% to 19.2% of their
claims.

Under the plan, certain assets of the company and its subsidiaries
will be transferred to a liquidating trust.  The official appointed
to oversee the trust will pay, as a first tier distribution, each
Class 6 general unsecured creditor a pro rata share of the trust
fund until total distributions equal $1.5 million.

The plan also proposes that the liquidating trustee pay, as a
second tier distribution, a pro rata share of 60% of all remaining
distributions from the trust fund.

The liquidating trust will be funded pursuant to a settlement
agreement among Cosi, a group of noteholders and LIMAB, the initial
stalking horse bidder for the company's assets.  The amount is
expected to be between $4.125 million and $4.65 million, according
to the company's disclosure statement filed on Feb. 7.

A copy of the disclosure statement is available for free at:

                      https://is.gd/ugtPY9

                         About Cosi Inc.

Cosi, Inc., is an international fast-casual restaurant company
featuring its crackly-crust flatbread and specializing in a variety
of made-to-order hot and cold sandwiches, salads, bowls, breakfast
wraps, "Squagels" (square bagels), melts, soups, flatbread pizzas,
S'mores, snacks, deserts and a large offering of handcrafted,
coffee-based, and specialty beverages.  

The company was first established in New York in 1996 and
incorporated in Delaware in 1998.  In 2002, Cosi became publicly
traded company on the Nasdaq exchange under the symbol "COSI".

Cosi and its subsidiaries filed Chapter 11 petitions (Bankr. D.
Mass. Lead Case No. 16-13704-MSH) on Sept. 28, 2016.  The cases are
assigned to Judge Melvin S. Hoffman.

Prior to the petition date, the Debtors had 72 debtor-owned
locations and 35 franchised locations and employed 1,555 people.

The Debtors tapped Joseph H. Baldiga, Esq. and Paul W. Carey, Esq.,
at Mirick, O'Connell, DeMallie & Lougee, LLP, as counsel;  DLA
Piper LLP (US) as special counsel; The O'Connor Group as financial
consultant; BDO USA, LLP as auditor and accountant; and Randy
Kominsky of Alliance for Financial Growth, Inc., as chief
restructuring officer.  

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors.  The committee is represented by Lee
Harrington, Esq., at Nixon Peabody LLP.  Deloitte Financial
Advisory Services LLP serves as its financial advisor.


CTI BIOPHARMA: Annual Meeting of Shareholders Set for May 16
------------------------------------------------------------
CTI BioPharma Corp will hold its annual meeting of shareholders on
May 16, 2017, at 10:00 a.m., Pacific time, at the Company's
headquarters, located at 3101 Western Avenue, Suite 600, Seattle,
Washington 98121.  The record date for the Annual Meeting has been
set as the close of business on March 15, 2017.

                       About CTI BioPharma

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

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

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

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


DAVID'S BRIDAL: Bank Debt Trades at 14% Off
-------------------------------------------
Participations in a syndicated loan under David's Bridal Inc is a
borrower traded in the secondary market at 86.10
cents-on-the-dollar during the week ended Friday, February 10,
2017, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents an increase of 1.31 percentage points
from the previous week.  David's Bridal pays 375 basis points above
LIBOR to borrow under the $0.52 billion facility. The bank loan
matures on Oct. 11, 2019 and carries Moody's B3 rating and Standard
& Poor's B- rating.  The loan is one of the biggest gainers and
losers among 247 widely quoted syndicated loans with five or more
bids in secondary trading for the week ended February 10.


DEWEY & LEBOEUF: Fraud Retrial of Former Executives Delayed Again
-----------------------------------------------------------------
Jody Godoy, writing for Bankruptcy Law360, reports that New York
Supreme Court Judge Robert Stolz sent 11 jurors and six alternates
in the fraud retrial of former Dewey & LeBoeuf LLP Executive
Director Stephen DiCarmine and Chief Financial Officer Joel Sanders
home on Feb. 10 after one of their peers called in saying she had
to bring a sick child to the hospital and could not attend.

                       About Dewey & LeBoeuf

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

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

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

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

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

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

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

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

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

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


DIRECTBUY HOLDINGS: Court OKs Sale to CSC Generation for $150K
--------------------------------------------------------------
Jeff Montgomery, writing for Bankruptcy Law360, reports that the
U.S. Bankruptcy Court for the District of Delaware approved on Feb.
13, 2017, the sale of DirectBuy Holdings Inc., to CSC Generation
Inc., an affiliate of China Science and Merchants Capital
Management.

Law360 relates that CSC Generation made an 11th-hour offer of
$150,000 cash that headed off a potential court dispute over an
insider-controlled acquisition.

The deal with CSC Generation could close by Friday, subject to
court review of final documents, Law360 states, citing the attorney
for the Debtor.

                    About DirectBuy Holdings

DirectBuy Holdings Inc., headquartered in Merrillville, Indiana, is
a membership buying club that operates under a franchise business
model.  DirectBuy Holdings, Inc., United Consumers Club,
Incorporated, DirectBuy, Inc., Beta Finance Company, Inc., UCC
Distribution, Inc., U.C.C. Trading Corporation, National Management
Corporation, and UCC of Canada, Inc., each filed Chapter 11
petitions (Bankr. D. Del. Lead Case No. 16-12435) on Nov. 1, 2016.

The Debtors are represented by Marion M. Quirk, Esq., Nicholas J.
Brannick, Esq., Michael D. Sirota, Esq., Ilana Volkov, Esq., Felice
R. Yudkin, Esq., at Cole Schotz P.C.  Prime Clerk LLC serves as
their claims and noticing agent.  Carl Marks & Co. serves as their
financial advisor.

Judge Christopher S. Sontchi has been assigned the cases.

DirectBuy Holdings estimated $100 million to $500 million in both
assets and liabilities.  The petitions were signed by Michael P.
Bornhorst, chief executive officer.

The Company's Canadian subsidiaries were slated on Nov. 2, 2016, to
commence proposal proceedings under the Bankruptcy and Insolvency
Act to obtain an Order from the Ontario Superior Court of Justice
approving proposals to be made by the Canadian Subsidiaries to
their respective creditors under Part III of the BIA.

Andrew R. Vara, Acting U.S. Trustee for Region 3, appointed five
creditors of DirectBuy Holdings, Inc., to serve on the official
committee of unsecured creditors.


DONNA RONSON: Wants Refinancing Loan to Pay Lenders and Creditor
----------------------------------------------------------------
Donna L. Ronson asks the U.S. Bankruptcy Court for the District of
Kansas to authorize the (i) refinancing loan to pay off the claims
of substantially all of the lenders and creditor M. Lee Ronson's
claim in full; (ii) transfer of 43 of the 46 owned properties to
RRES, LLC; and (iii) transfer of the Debtor's membership interest
in RRES to the Debtor's daughter, Susan Hinemeyer.

The Debtor owns 46 residential rental properties in the Kansas City
area ("Owned Properties").  Twenty-one of the 46 Owned Properties
have mortgages against them that serve as collateral for 4 lenders:
American Servicing Co.; Chase; Security Bank of Kansas City
(successor to Citizens State Bank); and Nationstar ("Lenders").

The Court approved use of cash collateral of the Lenders via order
entered Aug. 30, 2016.  As authorized under this cash collateral
order, the Debtor has made cash payments to each of the Lenders in
the monthly nondefault payment amount that Debtor had been paying
prepetition to each of the Lenders as required under the
prepetition loan agreements with the respective Lenders.

In addition, the Debtor's solely-owned entity RRES, manages the
Owned Properties, manages approximately 114 other units, and
provides leasing services only on certain other properties owned by
unrelated third parties.

Creditor M. Lee Ronson and the Debtor entered into a Separation and
Property Settlement Agreement on April 1, 2015, which was approved
by the Johnson County, Kansas District Court ("Divorce Court") and
incorporated into the Decree of Divorce and the Judgment of the
Divorce Court, and entered into the Divorce Court record on April
17, 2015.

Under the Agreement, Creditor became entitled to a claim of
$2,630,624 that was secured by a judgment lien against the Owned
Properties ("Claim").  

The Claim was later reduced when, on Nov. 2015, the Debtor
liquidated her entire IRA account and from the proceeds made a
$505,543 payment to M. Lee Ronson on the claim, which was
acknowledged as a satisfaction of $630,624 of the claim.

On Jan. 4, 2017, the Court approved a stipulation between Debtor
and M. Lee Ronson under which Debtor would make monthly $10,000
adequate protection payments to M. Lee Ronson on his Claim, and
Debtor has been making the adequate protection payments.

On Dec. 30, 2016, the Court authorized Debtor to employ Dan Page as
Financing Consultant to Debtor to locate and secure financing to
repay the debt owed to M. Lee Ronson.  The Debtor, with Page's
assistance, has now obtained a financing offer ("Loan") that is
sufficient to pay off the claims of substantially all of the
Lenders and the M. Lee Ronson Claim in full.  The proposed Loan
will require that the Debtor transfer 43 of the 46 Owned Properties
("Transferred Properties") to RRES and that the Debtor's membership
interest in RRES be transferred to the Debtor's daughter, Susan
Hinemeyer.

In consideration for the transfer of the Transferred Properties and
the membership interest in RRES ("Proposed Sale"), RRES will
transfer funds to the estate in an amount sufficient to pay off the
claims of the Lenders with liens in the Transferred Properties and
the M. Lee Ronson Claim in full.

RRES and Susan Hinemeyer will have no liability based on, in
respect of, as a result of, or arising from, in any way, an act,
omission, or liability of the Debtor, the Debtor's operation of the
businesses, the Debtor's ownership, control, or use of the
Transferred Properties or the membership interest in RRES, or RRES'
acquisition of the Transferred Properties, whether asserted or
unasserted, known or unknown, liquidated or unliquidated.  

By virtue of the Proposed Sale, RRES and Susan Hinemeyer are not
and will not be deemed to: (i) be a legal successor, or otherwise a
successor, to the Debtor; (ii) have merged with or into the Debtor;
or (iii) be a mere continuation or substantial continuation of
Debtor or operations of the Debtor.

RRES is believed to be the lessor on all leases associated with the
Transferred Properties.  To the extent Debtor's estate has any
interest in the leases associated with the Transferred Properties,
any interest of the estate in said leases shall be transferred to
RRES as part of the Proposed Sale.

The Debtor asks authority to (i) transfer the estate's interest in
the Transferred Properties (as well as any associated leases), free
and clear of all liens, to RRES, with any liens to attach to the
proceeds of the Loan received by the estate; (ii) transfer the
estate's membership interest in RRES to Susan Hinemeyer, free and
clear of all liens, with any liens to attach to the proceeds of the
Loan received by the estate; and (iii) incur debt according to the
terms of the Loan as set forth.

The key terms of the Loan are:

          a. The total loan amount is $3,897,000.

          b. The loan will be made to RRES, with Debtor as a
guarantor.  The lender requires ownership of RRES to be held solely
by the Debtor's daughter Susan Hinemeyer, rather than Debtor,
because of credit rating requirements.

          c. The proposed lender will receive a first-priority lien
and assignments of rents and fixtures on the Transferred Properties
at closing, after they are transferred to RRES.

          d. The loan term will be 24 months interest only, annual
interest rate of 11%, with the balance due at the end of the
24-month term.  The estimated monthly payments are $35,723 per
month.

A copy of the Loan Term Sheet attached to the Motion is available
for free at:

         http://bankrupt.com/misc/Donna_Ronson_128_Sales.pdf

The Debtor asks approval to make disbursements from the Loan
proceeds at closing or soon thereafter for these items, without
further Court approval:

          a. Claim of M. Lee Ronson in an amount not less than
$2,025,000, plus allowed interest and attorney's fees, and less
adequate protection payments made by the Debtor during the
bankruptcy case.  The Debtor asks authority to distribute no less
than $2,025,000 and no more than $2,250,000 at closing of the Loan
to M. Lee Ronson without further Court order.  The Debtor has
requested, and M. Lee Ronson has supplied, an estimated payoff as
of Feb. 28, 2017.  The Debtor reserves its rights to object to the
amount of M. Lee Ronson's claim above the $2,025,000 amount in the
event that an agreement between the Debtor and M. Lee Ronson cannot
be reached as to the allowed amount of such Claim.  Due to
potential disputes over attorney's fees, costs and interest, the
Debtor proposes that, if no agreement between Debtor and M. Lee
Ronson is reached over the allowed amount of attorney's fees, costs
and interest, the Court direct that an escrow be created and held
in the Debtor's counsel's trust account for the requested
attorney's fees, costs and interest until such time as the Court
and Debtor are able to review the requested attorney's fees, costs
and interest amounts and the Court makes a final determination as
to the allowed amounts of attorney's fees, costs and interest for
M. Lee Ronson.

          b. Claims of the Lenders that have secured claims against
the Transferred Properties, in an aggregate amount estimated at
$1,122,233.

          c. Closing costs, estimated at $231,335.

          d. Commission of Dan Page at 3% of gross loan proceeds,
estimated as $116,910.

Since time is of the essence (based on the proposed Feb. 28, 2017
closing date), the Debtor proposes that a reserve escrow account be
created to cover any potential increases in costs/expenses
necessary to close and effectuate the refinancing.

The proposed loan is in the best interest of the Debtor's estate,
creditors and parties in interest.  If the refinancing loan is not
approved, Debtor will propose a Plan of Reorganization that pays
out creditors over time, rather than paying the vast majority of
claims at closing of the Loan.  If, however, the refinancing loan
is approved, the Debtor will be able to pay off M. Lee Ronson and
the vast majority of the Lenders' claims, thereby stopping the
accruing interest and attorney's fees related to M. Lee Ronson, and
will then be able to dismiss the case to deal with remaining
creditors outside of bankruptcy.  After exiting bankruptcy, the
Debtor is confident she and RRES will be able to seek additional
financing at more favorable terms than that proposed.  Accordingly,
the Debtor asks the Court to authorize the Debtor to incur such
debt.

The Debtor seeks approval of the Motion on an expedited basis, and
asks that the Court set an expedited hearing to consider the
Motion; a separate motion will be filed with the request.

Counsel for the Debtor:

          Jeffrey A. Deines, Esq.
          Shane J. McCall, Esq.
          LENTZ CLARK DEINES PA
          9260 Glenwood
          Overland Park, KS 66212
          Telepphone: (913) 648-0600
          Facsimile: (913) 648-0664
          E-mail: jdeines@lcdlaw.com
                  smccall@lcdlaw.com

Donna L. Ronson sought Chapter 11 protection (Bankr. D. Kan. Case
No. 16-21213) on June 27, 2016.  The Debtor tapped Jeffrey A.
Deines, Esq., at Lentz Clark Deines PA as counsel.


DPX HOLDINGS: S&P Revises Outlook to Positive & Affirms 'B' CCR
---------------------------------------------------------------
S&P Global Ratings revised its outlook to positive from stable on
contract development and manufacturing organization (CDMO) DPx
Holdings B.V., which is a debt-issuing operating subsidiary of
Patheon N.V.  S&P affirmed its 'B' corporate credit rating on the
company.

At the same time, S&P assigned a 'B' corporate credit rating to
Patheon N.V., the parent company and issuer of financial
statements.  The outlook is positive.

In addition, S&P affirmed the 'B' issue-level rating on DPx
Holdings B.V.'s senior secured facility.  The recovery rating on
this debt is '3', indicating S&P's expectation for meaningful
(50%-70%; at the higher end of the range) recovery in the event of
payment default.

S&P also affirmed the 'B-' issue-level rating on the senior
unsecured debt.  The recovery rating on this debt is '5',
indicating S&P's expectation for modest (10%-30% recovery; in the
higher end of the range) recovery in the event of a payment
default.

S&P's positive outlook for Patheon reflects the possibility that
S&P could raise the corporate credit rating in the next 12 months
based on a stronger overall credit profile from its credible track
record and predictable revenue base (85% of revenue for 2017 is
already identified).  Patheon has successfully integrated five
acquisitions since 2012 and established itself as a top-tier
outsourcer of drug development and manufacturing.  S&P believes
that over the next 12 months, the company could further demonstrate
its ability to grow aggressively while improving margins (excluding
future integration and repositioning expenses) in its reorganized
business segments.  S&P thinks the company may acquire additional
manufacturing capacity in 2017, negatively affecting EBITDA in the
short term.  Still, S&P would evaluate acquisitions individually to
determine the long-term impact to margins and leverage.

In S&P's view, Patheon's risks are partially offset by its position
among the top drug manufacturers globally, its leadership position
in development–stage pharmaceutical consulting and manufacturing,
and its top three position in biologic manufacturing.  Moreover,
S&P expects the company to benefit from increased outsourcing of
manufacturing services to large, global vendors with a broad
service offering like Patheon.  S&P believes CDMOs have predictable
revenue streams because of their long-term contracts with minimum
order requirements and high switching costs from regulation.

The positive outlook reflects the possibility that the company
could demonstrate a favorable track record of profitable growth and
operational stability.  However, S&P sees risk to the upside given
the company's aggressive investment in growth.


EASTERN OUTFITTERS: Sportsdirect-led Auction of Assets on March 20
------------------------------------------------------------------
Eastern Outfitters, LLC, and affiliates ask the U.S. Bankruptcy
Court for the District of Delaware to authorize the bidding
procedures and Stalking Horse APA in connection with the sale of
substantially all assets to Sportsdirect.com Retail Ltd. for (i) a
cash equal to $500,000, as the same may be increased as mutually
agreed by the parties; (ii) a credit bid of (a) the outstanding DIP
Financing Obligations and (b) a portion of the second lien
financing obligations held by the Buyer and its affiliates equal to
$29,000,000; (iii) the payoff in full by the Buyer of all of the
outstanding first lien financing obligations, if any, in accordance
with the first lien financing and each applicable intercreditor
agreement referred to therein; and (iv) the assumption by the Buyer
of the assumed liabilities, subject to higher and better offers.

A hearing on the Motion is set for March 6, 2017 at 2:00 p.m. (ET).
The objection deadline is Feb. 27, 2017 at 4:00 p.m. (ET).

The Debtors' operating business consists of Bob's Stores and
Eastern Mountain Sports ("EMS"), each of which is a regional
multi-channel retailer engaged in the apparel, footwear, and
sporting goods lines of business.  Prior to the Petition Date, each
of the two retailers was comprised of two primary units: (i) a
retail store business; and (ii) an e-commerce business.
Collectively, the Debtors manage 86 retail stores in the Northeast.
The Debtors employ approximately 2,600 full, part-time and
temporary employees across their operations.

The Debtors, like other retail companies, have faced various
obstacles in the challenging retail environment.  Since the Debtors
acquired their primary assets out of bankruptcy in July 2016, the
Debtors' vendors have imposed very restrictive credit terms thereby
depressing inventories.  Significantly, unit inventories in some
categories are down as much as 30% since the prior sale closed.

Largely as a result of inventory pressure, the Debtors have been
unable to meet their sales plan.  Facing these operational
challenges along with tightening liquidity, since September 2016,
the Debtors, along with their advisors, engaged in a robust
prepetition process to explore and solicit interest in a number of
potential alternatives including, without limitation, the sale of
all or a material business unit of the Debtors, equity investments
in all or a portion of the business, the sale of a brand, a
licensing transaction, potential liquidity enhancing acquisitions,
and liquidation sales.

After extensive negotiations with two parties, and on the eve of
proceeding with a liquidation alternative, the Debtors were able to
secure an offer from the Stalking Horse Bidder, to purchase
substantially all of the Debtors' assets.  The Debtors commenced
these Cases to consummate the sale transaction which will save
nearly 1,900 employee jobs, close the Debtors' stores not being
sold and facilitate an orderly liquidation and wind-down.

In March 2016, Lincoln Partners Advisors, LLC was retained in the
Vestis Retail Group chapter 11 case to provide investment banking
services in connection with the exploration of strategic
alternatives.  Vestis previously owned and operated the EMS and
Bob's Stores assets that are now owned by the Debtors, along with
Sports Chalet, another retail chain.  Alternatively, Lincoln
explored in the Vestis chapter 11 cases included, among others, a
potential sale of Vestis' assets, a potential debt and/or equity
investment as well as a potential restructuring of the existing
capital structure.  No parties submitted bids before the sale
process was suspended pursuant to a settlement agreement among the
Committee, Vestis and Versa Capital Management.  As a result, the
assets were sold in July 2016 to affiliates of Versa.

In September 2016, the Debtors once again retained Lincoln to
provide investment banking services now in connection with the
Debtors' exploration of a range of strategic alternatives.  In
connection with its engagement by the Debtors, Lincoln, drawing on
its experience from the Vestis bankruptcy, conducted a robust
process beginning in late September 2016 to explore and solicit
interest in a range of potential alternatives including, without
limitation, the sale of all or a material business unit of the
Company, equity investments in all or a portion of the business,
the sale of a brand, a licensing transaction, or a potential
liquidity enhancing merger.  Ultimately, 2 prospective purchasers
emerged: Sportsdirect.com Retail Ltd. and an East Coast-based buyer
and licensor of brands ("Confidential Perspective Purchaser or
CPP").

Starting in mid-October, 2016, the Debtors management and
representatives of Versa held separate meetings with Sportsdirect
and the CPP to discuss various transactions then under
consideration.  While both prospective purchasers seemed interested
in purchasing the Debtors' assets, Versa and the Debtors'
management elected to pursue a transaction with the CPP.  The
proposed transaction was scheduled to close in late-November 2016.
It was extended to late-December 2016, and then further extended to
January 13, 2017 such that the CPP could evaluate the Debtors'
financial performance during the holiday season.  In early January
2017, the CPP indicated it was not prepared to close without
satisfaction of additional conditions that the Debtors could not
satisfy.

Following the termination of the CPP transaction, the Debtors
contacted Sportsdirect and renewed their prior discussions.
Ultimately, on the eve of commencing with a liquidation of the
Debtors' business with the assistance of a liquidator, and after
extensive discussions and negotiations between Lincoln,
Sportsdirect, Versa and the Debtors, the Debtors received a
proposal from Sportsdirect to acquire substantially all of the
Debtors' assets through a series of transactions, and entered into
a letter of intent ("LOI") on Jan. 27, 2017.

After execution of the LOI, the Debtors and Sportsdirect engaged in
around-the-clock, good-faith negotiations to fully document the
terms of the transactions contemplated in the LOI.  On Jan. 30,
2017 Sportsdirect purchased the Debtors' second lien debt and
extended a $10,000,000 term loan to the Debtors under the second
lien credit facility to enable the Debtors' to operate pending
final documentation of the sale transaction.  

Sportsdirect also agreed to provide a senior secured
debtor-in-possession revolving credit loan ("DIP Facility") that
would provide the Debtors with sufficient liquidity to finance its
operations and certain aspects of the chapter 11 process so that
the Debtors' assets could continue as going-concerns.  The DIP
Facility and the Stalking Horse APA were finalized on Feb. 8,
2017.

The salient terms of the Stalking Horse APA are:

          a. Sellers: Eastern Outfitters, LLC; Eastern Mountain
Sports, LLC; Bob's Stores, LLC; Subortis IP Holdings, LLC; and
Bob's/EMS Gift Card, LLC.

          b. Buyer - Stalking Horse Bidder: Sportsdirect.com Retail
Ltd. (together with its permitted successors, designees and
assigns).

          c. Purchase Price: The purchase price is composed of (i)
the payment by Buyer to Sellers of an amount in cash equal to
$500,000, as the same may be increased as mutually agreed by the
Parties; (ii) a Credit Bid of (a) the outstanding DIP Financing
Obligations and (b) a portion of the Second Lien Financing
Obligations held by Buyer and its Affiliates equal to $29,000,000;
(iii) the payoff in full by the Buyer of all of the outstanding
First Lien Financing Obligations, if any, in accordance with the
First Lien Financing and each applicable intercreditor agreement
referred to therein; and (iv) the assumption by Buyer of the
Assumed Liabilities.

          d. Acquired Assets: All of Sellers' properties, assets
and rights of every nature, kind and description, tangible and
intangible, whether real, personal or mixed, whether accrued,
contingent or otherwise, other than the Excluded Assets.

          e. Assumption and Assignment of Contracts: The Buyer will
, on or before the Designation Deadline, provide a list to the
Sellers which list may be changed by adding or removing Executory
Contracts or Leases from time to time prior to the Designation
Deadline, identifying the Executory Contracts and Leases that the
Buyer has decided (i) will be assumed and assigned to Buyer on the
Closing Date, and (ii) will not be assumed, but that will remain in
place for a period after the Closing Date with respect to a store
location that the Buyer indicates will be liquidated pursuant to
the Liquidation Plan.

          f. Liquidation Plan: The Sellers and the Buyer will
cooperate and coordinate to develop a Liquidation Plan to be
mutually agreed upon by the Parties no later than 2 weeks, with the
timing of such deliverables as set forth to be subject to further
discussion between the Parties as necessary.

          g. Expense Reimbursement/Break Fee: A break fee of
$2,670,000 plus reimbursement of its transaction Expenses up to a
cap of $750,000.

          h. Private Sale/No Competitive Bidding: The Debtors have
proposed an open Auction in connection with the sale consistent
with the Bidding Procedures.

          i. Closing and Other Deadlines: The closing of the
transactions contemplated by the Stalking Horse APA will take place
remotely by electronic exchange of counterpart signature pages
commencing at 11:00 a.m. local time on the date that is (a) the 3rd
Business Day after the date on which all conditions to the
obligations of to the parties to consummate the transactions have
been satisfied or waived; provided that under certain
circumstances, Stalking Horse Bidder can delay the closing for set
periods of time or (b) at such other time or on such other date as
will be mutually agreed upon by Debtors and Stalking Horse Bidder.

          j. Good Faith Deposit:  $2,670,000

          k. Sale Free and Clear of Unexpired Leases: The Debtors
will sell all of the Acquired Assets free and clear of all Liens.

          l. Credit Bid: A portion of the purchase price is
composed of the Credit Bid.

          m. Relief from Bankruptcy Rule 6004(h): The Debtors seek
a waiver of the 14-day stay under Bankruptcy Rules 6004(d) and
6004(h).

As part of the Bidding Procedures and APA Approval Order, the
Debtors are requesting approval of a Break-Fee in the amount of
$2,670,000 and an Expense Reimbursement of up to $750,000, to the
extent payable to the Stalking Horse Bidder pursuant to the terms
and conditions set forth in the Stalking Horse APA.  The Break-Fee
and Expense Reimbursement are reasonable in light of the efforts
and expenses that the Stalking Horse Bidder has undertaken.

The Stalking Horse APA has been extensively negotiated between the
parties at arm's-length and in good faith and confers several
substantial benefits on the Debtors' estates that would likely not
be available in the event of a liquidation of the Debtors' assets.

Finally, Lincoln is continuing to aggressively market the Debtors'
assets.  Lincoln restarted marketing the Debtors' assets on Feb. 6,
2017, by contacting all parties previously contacted in both the
process described above and the previous bankruptcy process.
Lincoln will continue its marketing efforts to and through the Bid
Deadline and Auction, if higher and better bids are received.

The salient terms of the Bidding Procedures are:

   a. Bid Deadline: March 3, 2017 at 4:00 p.m. (PET)

   b. Good Faith Deposit: 10% of the cash purchase price.

   c. Baseline Bid: The Debtors will describe the terms of the
highest and best Qualified Bid, as determined by the Debtors in
their reasonable discretion.

   d. If no Qualified Bids (other than the Stalking Horse Bid) are
obtained by the Bid Deadline, then the Stalking Horse Bidder will
be deemed the Prevailing Bidder, the Stalking Horse APA will be the
Prevailing Bid without the need for an Auction, and, at the Sale
Hearing, the Debtors will seek final Court approval of the sale of
the Acquired Assets to the Stalking Horse Bidder as contemplated by
the Stalking Horse APA.

   e. Auction Date and Location: The Auction will commence on March
20, 2017 at 10:00 a.m. (PET) at the New York office of Bracewell
LLP, 1251 Avenue of the Americas, 49th Floor, New York, New York.

   f. Overbid Increments: Minimum increments of at least $500,000.

   g. At the conclusion of the Auction, the Debtors will select the
highest or otherwise best bid submitted by a Qualified Bidder
during the Auction as the Prevailing Bid, and the Debtors may, in
their discretion, select a Back-Up Bid.

The Bidding Procedures are designed to maximize the value received
for the Acquired Assets.  Under the facts and circumstances of
these Cases, the process proposed by the Debtors allows for a
timely and efficient auction process, while providing bidders and
consultants with adequate time and information to submit a timely
bid.  The Bidding Procedures are designed to ensure that the
Acquired Assets will be sold for the highest or otherwise best
possible purchase price under the circumstances.

Except as otherwise set forth in the Bidding Procedures and APA
Approval Order, the Bidding Procedures, or the Stalking Horse APA,
the Debtors propose that the deadline to file objections, if any,
to the sale will be 7 days before the Sale Hearing.

A copy of the Stalking Horse APA and the Bidding Procedures
attached to the Motion is available for free at:

        http://bankrupt.com/misc/Eastern_Outfitters_76_Sales.pdf

The Debtors submit that the assumption and assignment of such
executory contracts and unexpired leases to the Stalking Horse
Bidder or other Prevailing Bidder, as applicable, as of the Closing
Date is necessary to the consummation of the Sale and is well
within the Debtors' sound business judgment.  Those contracts and
leases are necessary to run the Debtors' business, and as such,
they are essential to inducing the highest or otherwise best offer
for the Acquired Assets.  Accordingly, the Debtors submit that the
assumption and assignment to the Stalking Horse Bidder or other
Prevailing Bidder of the Debtors' contracts and leases should be
approved as an exercise of the Debtors' sound business judgment.

The Debtors submit that the proposed Rejection Procedures balance
the need for an expeditious reduction of potentially burdensome
costs to the Debtors' estates while providing appropriate notice of
the proposed rejection to the counterparties to the Rejected
Executory Contracts and Unexpired Leases.  Accordingly, the Debtors
submit that the Rejection Procedures should be approved as an
exercise of the Debtors' sound business judgment.

The Debtors ask that the Court grants the relief requested and such
other relief as is just and proper.

The Debtors respectfully ask that the Court waives the 140-day stay
imposed by Bankruptcy Rules 4001(a)(3), 6004(h) and 6006(d), as the
exigent nature of the relief sought herein justifies immediate
relief.

The Purchaser:

          SPORTSDIRECT.COM RETAIL LTD.
          Unit A, Brook Park East
          Shirebrook, NG20 8RY
          Attn: Justin Barnes
          E-mail: justin@ibsinternational.co.uk

The Purchaser is represented by:

          Meredith J. Beuchaw, Esq.
          GREENBERG TRAURIG, LLP
          MetLife Building
          200 Park Avenue
          New York, NY 10166
          E-mail: beuchawm@gtlaw.com

                    About Eastern Outfitters

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

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

Judge Laurie Selber Silverstein presides over the cases.

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

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

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

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


ENERGY FUTURE: Wilmer Cutler, et al., Represent Indenture Trustee
-----------------------------------------------------------------
Wilmer Cutler Pickering Hale and Dorr, LLP, Ropes & Gray LLP, Cole
Schotz P.C., and Drinker Biddle & Reath filed with the U.S.
Bankruptcy Court for the District of Delaware on Feb. 10, 2017, a
supplemental verified statement pursuant to Rule 2019 of the
Federal Rules of Bankruptcy Procedure in connection with the (i)
Firms' representation in the Chapter 11 cases of Delaware Trust
Company fka CSC Trust Company of Delaware, as successor indenture
trustee to Bank of New York Mellon, N.A., under (A) that certain
indenture by and among Energy Future Intermediate Holding Company
LLC and EFIH Finance Inc. and BNY, as indenture trustee, dated as
of Aug. 17, 2010, pursuant to which certain 10% Senior Secured
Notes Due 2020 were issued, and (B) that certain indenture by and
among EFIH and BNY, as indenture trustee, dated Aug. 14, 2012,
pursuant to which certain 6.875% Senior Secured Notes Due 2017 were
issued; (ii) Firms' representation in these Chapter 11 Cases of
Delaware Trust, as successor collateral trustee to BNY, under that
certain Collateral Trust Agreement by and between EFIH and BNY, as
collateral trustee, dated as of Nov. 16, 2009; and (iii) the
representation by WilmerHale, Ropes & Gray, and Drinker Biddle in
these Chapter 11 Cases of a steering committee of holders of the
EFIH First Lien Notes.

On June 5, 2014, Ropes & Gray, Cole Schotz, and Drinker Biddle
filed their Verified Statement Pursuant to Federal Rule of
Bankruptcy Procedure 2019.

As of Feb. 10, 2017, the Firms represent the Indenture Trustee and
the Collateral Trustee and WilmerHale, Ropes & Gray, and Drinker
Biddle represent the Steering Committee.

The Steering Committee represents only the interests of its Members
and does not represent or purport to represent any other entities
in connection with the Chapter 11 Cases.  The Members hold, or are
the investment advisors or managers of accounts that hold,
approximately $1,675,922,000 in aggregate principal amount of the
EFIH First Lien Notes as of the week of Feb. 6, 2017.  The Members
include:

     (a) BlueMountain Capital Management LLC
         280 Park Avenue
         12th Floor
         New York, NY 10017
         Nature and Amount of Disclosable Economic Interests
         in EFIH First Lien Notes: 10%/10.5%: $801,813,000
         6.875%: None

     (b) Cyrus Capital Partners
         399 Park Avenue
         #3900
         New York, NY 10022
         Nature and Amount of Disclosable Economic Interests
         in EFIH First Lien Notes: 10%/10.5%: $278,140,000
         6.875%: None     

     (c) Halcyon Asset Management LLC
         477 Madison Avenue
         8th Floor
         New York, NY 10022
         Nature and Amount of Disclosable Economic Interests
         in EFIH First Lien Notes: 10%/10.5%: $152,192,000
         6.875%: None
         EFIH Second Lien Notes: $59,724,700

     (d) Stone Lion Capital Partners L.P.
         555 Fifth Avenue
         18th Floor
         New York, NY 10017
         Nature and Amount of Disclosable Economic Interests
         in EFIH First Lien Notes: 10% / 10.5%: $383,777,000
         6.875%: None

     (e) Serengeti Asset Management LP
         632 Broadway
         12th Floor
         New York, NY 10012
         Nature and Amount of Disclosable Economic Interests
         in EFIH First Lien Notes: 10%/10.5%: $10,000,000
         6.875%: None
         EFIH Unsecured Notes: $14,500,000

     (f) VR Advisory Services Ltd. in its capacity as
         advisor to VR Global Partners, L.P.
         300 Park Avenue
         16th Floor
         New York, NY 10022
         Nature and Amount of Disclosable Economic Interests
         in EFIH First Lien Notes: 10%/10.5%: $50,000,000
         6.875%: None

The Firms can be reached at:

     Norman L. Pernick, Esq.
     J. Kate Stickles, Esq.
     COLE SCHOTZ P.C.
     500 Delaware Avenue, Suite 1410
     Wilmington, DE 19801
     Tel: (302) 652-3131
     Fax: (302) 652-3117
     E-mail: npernick@coleschotz.com
             kstickles@coleschotz.com
          
          -- and --

     Philip D. Anker, Esq.
     WILMER CUTLER PICKERING HALE AND DORR, LLP
     250 Greenwich Street
     New York, NY 10007
     Tel: (212) 230-8800
     Fax: (212) 230-8888
     E-mail: Philip.anker@wilmerhale.com

          -- and --

     Keith H. Wofford, Esq.
     Mark Somerstein, Esq.
     ROPES & GRAY LLP
     1211 Avenue of the Americas
     New York, NY 10036-8704
     Tel: (212) 596-9000
     Fax: (212) 596-9090
     E-mail: Keith.Wofford@ropesgray.com
             Mark.Somerstein@ropesgray.com

          -- and --

     D. Ross Martin, Esq.
     Andrew Devore, Esq.
     800 Boylston Street, Prudential Tower
     Boston, MA 02199-3600
     Tel: (617) 951-7000
     Fax: (617) 951-7050
     E-mail: Ross.Martin@ropesgray.com
             Andrew.Devore@ropesgray.com

          -- and --

     James H. Millar, Esq.
     DRINKER BIDDLE & REATH LLP
     1177 Avenue of the Americas
     41st Floor
     New York, NY 10036-2714
     Tel: (212) 248-3264
     Fax: (212) 248-3141
     E-mail: James.Millar@dbr.com

          -- and --
     
     Todd C. Schiltz, Esq.
     222 Delaware Ave, Suite 1410
     Wilmington, DE 19801-1612
     Tel: (302) 467-4200
     Fax: (302) 467-4201
     E-mail: todd.schiltz@dbr.com

                       About Energy Future

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a Portfolio
of competitive and regulated energy businesses in Texas.

Oncor, an 80 percent-owned entity within the EFH group, is the
largest regulated transmission and distribution utility in Texas.

The Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth. EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

On April 29, 2014, Energy Future Holdings and 70 affiliated
companies sought Chapter 11 bankruptcy protection (Bankr. D. Del.
Lead Case No. 14-10979) after reaching a deal with some key
financial stakeholders to keep its businesses operating while
reducing its roughly $40 billion in debt.

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS).

As of Dec. 31, 2013, EFH Corp. reported assets of $36.4 billion in
book value and liabilities of $49.7 billion.  The Debtors have $42
billion of funded indebtedness.

EFH's legal advisor for the Chapter 11 proceedings is Kirkland &
Ellis LLP, its financial advisor is Evercore Partners and its
restructuring advisor is Alvarez & Marsal.  The TCEH first lien
lenders supporting the restructuring agreement are represented by
Paul, Weiss, Rifkind, Wharton & Garrison, LLP as legal advisor,
and Millstein & Co., LLC, as financial advisor.

The EFIH unsecured creditors supporting the restructuring
agreement are represented by Akin Gump Strauss Hauer & Feld LLP, as
legal advisor, and Centerview Partners, as financial advisor.  The
EFH equity holders supporting the restructuring agreement are
represented by Wachtell, Lipton, Rosen & Katz, as legal advisor,
and Blackstone Advisory Partners LP, as financial advisor.  Epiq
Systems is the claims agent.

Wilmington Savings Fund Society, FSB, the successor trustee for
the second-lien noteholders owed about $1.6 billion, is represented
by Ashby & Geddes, P.A.'s William P. Bowden, Esq., and Gregory A.
Taylor, Esq., and Brown Rudnick LLP's Edward S. Weisfelner, Esq.,
Jeffrey L. Jonas, Esq., Andrew P. Strehle, Esq., Jeremy B. Coffey,
Esq., and Howard L. Siegel, Esq.  An Official Committee of
Unsecured Creditors has been appointed in the case. The Committee
represents the interests of the unsecured creditors of only Energy
Future Competitive Holdings Company LLC; EFCH's direct subsidiary,
Texas Competitive Electric Holdings Company LLC; and EFH Corporate
Services Company, and of no other debtors.  The Committee has
selected Morrison & Foerster LLP and Polsinelli PC for
representation in this high-profile energy restructuring.  The
lawyers working on the case are James M. Peck, Esq., Brett H.
Miller, Esq., and Lorenzo Marinuzzi, Esq., at Morrison & Foerster
LLP; and Christopher A. Ward, Esq., Justin K. Edelson, Esq.,
Shanti M. Katona, Esq., and Edward Fox, Esq., at Polsinelli PC.

                          *     *     *

In December 2015, the Bankruptcy Court confirmed the Debtors'
reorganization plan, which contemplated a tax-free spin of the
company's competitive businesses, including Luminant and TXU
Energy, and the $20 billion sale of its holdings in non-debtor
electricity transaction unit Oncor Electric Delivery Co. to a
consortium of investors.  But the Plan became null and void after
certain first lien creditors notified the occurrence of a "plan
support termination event."

The Debtors filed a new plan of reorganization on May 1, 2016, as
subsequently amended.  The new Chapter 11 plan features
alternative options for dealing with the Company's stake in
electricity transmission unit Oncor.

On Aug. 29, 2016, Judge Sontchi confirmed the Chapter 11 exit
plans of two of Energy Future Holdings Corp.'s subsidiaries, power
generator Luminant and retail electricity provider TXU Energy Inc.
(the "T-Side Debtors").  The Plan became effective on Oct. 3,
2016.

On Sept. 21, 2016, the Debtors filed the E-Side Plan and the
Disclosure Statement for the Fourth Amended Joint Plan of
Reorganization of Energy Future Holdings Corp., et al., Pursuant
to Chapter 11 of the Bankruptcy Code as it Applies to the EFH
Debtors and EFIH Debtors.


EPICENTER PARTNERS: Sonoran Units to Pay Unsecureds 100% Over 3Yrs
------------------------------------------------------------------
Sonoran Desert Land Investors LLC, East of Epicenter LLC, and Gray
Phoenix Desert Ridge II LLC, debtor affiliates of Epicenter
Partners LLC and Gray Meyer Fannin LLC, filed a plan of
reorganization and accompanying disclosure statement proposing to
pay their general unsecured creditors in full.

Under Sonoran Plan, general unsecured creditors are classified into
two: Class 5A - General Unsecured Claims and Class 5B - Related
Party Unsecured Claims.  Holders of Class 5A Claims will get 100%
of their allowed claims over three years.  These creditors will be
paid quarterly with interest accrued on unpaid amounts at the rate
of 4% per annum.  The Class 5B Related Party Unsecured Claims will
receive payment of their Allowed Class 5B Claims only after all
Class 5A Claims are paid in full.  The source of payment for
general unsecured creditors will be post-confirmation sale or
disposition of the Reorganized Debtors' Acreage.

All payments that are due on and after the effective date of the
plan will be funded through contributions from a plan sponsor,
proceeds from the sale of property, or the post-confirmation sale
or disposition of the reorganized companies' acreage, according to
the disclosure statement, which explains the proposed plan.

A copy of the disclosure statement dated Feb. 7 is available for
free at https://is.gd/PCAz68

                    About Epicenter Partners

Epicenter Partners LLC was formed in 2004 to acquire, manage, sell
or hold land for investment.  Gray Meyer Fannin LLC came into
existence in 2001 and was originally formed to provide development
services for affiliates.  Both are fully owned by Gray/Western
Development Company and managed, pursuant to that entity, by Bruce
Gray.

The companies sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Ariz. Lead Case No. 16-05493) on May 16, 2016.
Epicenter disclosed $143,212,665 in assets and $66,913,279 in
liabilities.

Epicenter and GMF tapped Thomas J. Salerno, Esq., at Stinson
Leonard Street, LLP, as their Chapter 11 counsel.  Mesch Clark
Rothschild was later hired as substitute counsel to Stinson Leonard
Street.

On June 15, 2016, the Office of the U.S. Trustee appointed five
creditors of Epicenter and GMF to serve on the official committee
of unsecured creditors.  The committee is represented by Michael W.
Carmel, Ltd., as counsel.

On November 22, 2016, Sonoran Desert Land Investors LLC, East of
Epicenter LLC and Gray Phoenix Desert Ridge II LLC sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Ariz.
Case Nos. 16-07659 to 16-07661).  The cases are jointly
administered with that of Epicenter.


ESPLANADE HL: Court Moves Plan Filing Deadline to April 14
----------------------------------------------------------
Judge Carol A. Doyle of the U.S. Bankruptcy Court for the Northern
District of Illinois extended the exclusive period during which 171
W. Belvidere Road, LLC and its affiliated Debtors may file a plan
of reorganization to and including April 14, 2017, and the
corresponding solicitation period of such plan to and including
June 14, 2017.  The time for filing a plan and disclosure statement
is extended from February 14, 2017 to April 14, 2017.

A status hearing regarding the filing of the plan and disclosure
statement will be held on April 19, 2017 at 10:30 a.m.

                   About Esplanade HL

Esplanade HL, LLC, 2380 Esplanade Drive, LLC, 9501 W. 144th Place,
LLC, and 171 W. Belvedere Road, and LLC, Big Rock Ranch, LLC each
filed chapter 11 petitions (Bankr. N.D. Ill. Case Nos. 16-33008,
16-33010, 16-33011, 16-33013, and 16-33015, respectively) on
October 17, 2016.  The petitions were signed by William Vander
Velde III, sole member and manager.

The Debtors are represented by Harold D. Israel, Esq. and Sean P.
Williams, Esq., at Goldstein & McClintock, LLLP.  

At the time of the Chapter 11 filing, Esplanade HL's case was
assigned to Judge Carol A. Doyle.  2380 Esplanade Drive's case was
assigned to Judge Donald R Cassling.  9501 W. 144th Place's case
was assigned to Judge Timothy A. Barnes.  171 W. Belvidere Road,
LLC's case was assigned to Judge Janet S. Baer. Big Rock Ranch's
case was assigned to Judge Deborah L. Thorne.  Eventually, the
cases were jointly administered with Esplanade HL as the lead case,
and assigned to Judge Doyle.

Big Rock Ranch estimated assets at $500,000 to $1 million and
liabilities at $100,000 to $500,000.  All the other Debtors
estimated assets and liabilities at $1 million to $10 million.


EXOLIFESTYLE INC: Recurring Losses Casts Going Concern Doubt
------------------------------------------------------------
EXOlifestyle, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q, disclosing a net loss
of $3.11 million on $196,393 of total revenues for the three months
ended December 31, 2016, compared to a net loss of $1.98 million on
$32,244 of total revenues for the same period in 2015.

The Company's balance sheet at December 31, 2016, showed total
assets of $1.73 million, total liabilities of $6.05 million, and a
stockholders' deficit of $4.31 million.

The Company has incurred significant recurring losses which have
resulted in an accumulated deficit of $15,837,417, net loss of
$3,115,539 and net cash used in operations of $137,669 for the
three months ended December 31, 2016, which raises substantial
doubt about the Company's ability to continue as a going concern.

During the three months ended December 31, 2016, the Company raised
$120,000 and $26,400 in cash proceeds from the issuance of
convertible promissory notes and short term notes, respectively.
The Company believes that its current cash on hand will not be
sufficient to fund its projected operating requirements through
February 2017.

A full-text copy of the Company's Form 10-Q is available at:
                
                   https://is.gd/hBDvvz

EXOlifestyle, Inc., is a management firm which creates and
cultivates innovative lifestyle brands within the retail industry
featuring functional sports apparel brands under its EXO:EXO line
of branded products.  In addition, the Company founded the
all-natural and organic pizza franchise, Pizza Fusion with
locations in selected markets in the United States, Saudi Arabia,
and the United Arab Emirates.


FANSTEEL INC: Wants to Use Cash Collateral for Health and Safety
----------------------------------------------------------------
Fansteel, Inc. and its affiliated Debtors, together with the United
States, on behalf of the Nuclear Regulatory Commission jointly ask
authorization from the U.S. Bankruptcy Court for the Southern
District of Iowa for continued use of cash collateral.

The Parties ask the Court to authorize Fansteel to continue to
provide payments of $40,000 per month to FMRI for purposes of
protecting health and safety at the Muskogee Site for the period
beginning on the week ending January 13, 2017, through April 28,
2017.

The Court had previously extended the Debtors' use of cash
collateral until February 13, 2017, except that the Debtor was
required to reserve and set aside the monthly payments to FMRI
related to expenses arising due to environmental issues.

TCTM Financial FS LLC filed a limited objection to the Debtors'
continued use of cash collateral.  As part of its Objection, TCTM
Financial characterized the $40,000 per month payments to FMRI as
payments on account of pre-petition claims.

In contrast, the Debtors's counsel characterized them as payments
for health and safety that everybody had agreed to so far to
maintain the health and safety at the Muskogee Site.  The Debtors
indicate that the NRC reduced the cost of keeping the security
guards there and the fence up and just maintaining the status quo
from $80,000 to $40,000, which the NRC considered as appropriate on
a health and safety basis.  Aside from the money supplied by
Fansteel, FMRI has essentially no income.

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

                     About Fansteel

Headquartered in Creston, Iowa, Fansteel operates four business
units at four locations in the USA and one in Mexico with a
workforce of more than 600 employees. Fansteel generated
approximately $87.4 million in revenue in 2015 on a consolidated
basis.  WDC contributes approximately 67% of Fansteel's sales.  The
rest of the sales are generated from Intercast, a division of
Fansteel, and other non-debtor subsidiaries, as disclosed in court
documents.

Fansteel, Inc., d/b/a Fansteel Intercast, d/b/a Fansteel Wellman
Dynamics, d/b/a Fansteel American Sintered Technologies, Wellmand
Dynamics Corporation, and Wellman Dynamics Machinery & Assembly,
Inc. filed chapter 11 petitions (Bankr. S.D. Iowa Lead Case No.
16-01823) on Sept. 13, 2016.  The petitions were signed by Jim
Mahoney, CEO.  The cases are assigned to Judge Anita L. Shodeen.
The Debtors disclosed total assets of $32.9 million and total debt
of $41.97 million.

The Debtors tapped Jeffrey D. Goetz, Esq. and Krystal R.
Mikkilineni, Esq., at Bradshaw, Fowler, Proctor & Fairgrave, P.C.,
as counsel; RSM US LLP as tax advisor; Jeffrey Sands and Dorset
Partners, LLC as business broker; and Mark J. Steger, Esq. at the
Clark Hill Law Firm as Environmental Counsel.

The U.S. Trustee for Region 12 on Sept. 23, 2016, appointed nine
creditors of Fansteel Inc. to serve on the official committee of
unsecured creditors.  The Official Committee has retained Morris
Anderson & Associates, Ltd., as financial advisor, and Archer &
Greiner, P.C. and Nyemaster Goode, P.C., as counsel.


FLORIDA INSURANCE: Court Extends Time for Filing of Suits
---------------------------------------------------------
Rick Archer, writing for Bankruptcy Law360, reports that the Fifth
District Court of Appeals has extended the time to sue bankrupt
insurances, after finding on Feb. 10 that the Florida Insurance
Guaranty Association's interpretation of a statute of limitations
on lawsuits to recover claims from insolvent insurance companies
would penalize appellant Patricia Morrison in a way the Florida
Legislature never would have intended.  Law360 says that the
Appeals Court found that the law doesn't apply to lawsuits already
underway when the Company went under.

Florida Insurance Specialist, LLC, operates a home insurance
company in Lake Mary, Florida.


FREESEAS INC: Two Directors Resign from Board
---------------------------------------------
Mr. Xenophon Galinas and Mr. Dimitrios Panagiotopoulos resigned for
personal reasons, effective Feb. 9, 2017, as members of the board
of directors of FreeSeas Inc.  In submitting their resignations,
Messrs. Galinas and Panagiotopoulos did not express any
disagreement with the Company on any matter relating to the
registrant's operations, policies or practices, according to a Form
8-K report filed with the Securities and Exchange Commission.

Effective Feb. 9, 2017, the Company appointed Mr. Dimitrios
Filippas to the Board.  In addition, the Board dissolved all Board
committees and the Board, acting as a whole, shall fulfill the
duties and responsibilities of those committees.

Mr. Filippas has been the Company's deputy chief financial officer
since November 2013.  Mr. Filippas has been the finance manager for
Free Bulkers S.A. since 2007.  Mr. Filippas has substantial
experience in the ship finance field.  He holds a BSc in Banking
and International Finance from Cass Business School in the City of
London and a Master's Degree in Shipping Business with Distinction
from LGU.

There is no understanding or arrangement between Mr. Filippas and
any other person pursuant to which Mr. Filippas was selected as a
director.  Mr. Filippas does not have any family relationship with
any director, executive officer or person nominated or chosen by us
to become a director or executive officer.

                     About FreeSeas Inc.

Headquartered in Athens, Greece, FreeSeas Inc., formerly known as
Adventure Holdings S.A., was incorporated in the Marshall Islands
on April 23, 2004, for the purpose of being the ultimate holding
company of ship-owning companies.  The management of FreeSeas'
vessels is performed by Free Bulkers S.A., a Marshall Islands
company that is controlled by Ion G. Varouxakis, the Company's
Chairman, President and CEO, and one of the Company's principal
shareholders.

The Company's fleet consists of six Handysize vessels and one
Handymax vessel that carry a variety of drybulk commodities,
including iron ore, grain and coal, which are referred to as
"major bulks," as well as bauxite, phosphate, fertilizers, steel
products, cement, sugar and rice, or "minor bulks."  As of
Oct. 12, 2012, the aggregate dwt of the Company's operational
fleet is approximately 197,200 dwt and the average age of its
fleet is 15 years.

Freeseas reported a net loss of US$52.94 million on US$2.30 million
of operating revenues for the year ended Dec. 31, 2015, compared to
a net loss of US$12.68 million on US$3.77 million of operating
revenues for the year ended Dec. 31, 2014.  As of Dec. 31, 2015,
FreeSeas had US$18.71 million in total assets,
US$35.47 million in total liabilities and a total shareholders'
deficit of US$16.76 million.

RBSM LLP, in New York, issued a "going concern" qualification on
the consolidated financial statements for the year ended Dec. 31,
2015, citing that the Company has incurred recurring operating
losses and has a working capital deficiency.  In addition, the
Company has failed to meet scheduled payment obligations under its
loan facilities and has not complied with certain covenants
included in its loan agreements and is in default in other
agreements with various counter parties.  Furthermore, the vast
majority of the Company's assets are considered to be highly
illiquid and if the Company were forced to liquidate, the amount
realized by the Company could be substantially lower that the
carrying value of these assets.  These conditions among others
raise substantial doubt about the Company's ability to continue as
a going concern.


GREAT BASIN: CVI Investments Reports 9.9% Stake as of Dec. 31
-------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, CVI Investments, Inc. and Heights Capital Management,
Inc. disclosed that as of Dec. 31, 2016, they beneficially own
77,988 shares of common stock of Great Basin Scientific, Inc.
representing 9.9 percent of the shares outstanding.

The number of Shares reported as beneficially owned consists of (i)
43,600 Shares and (ii) Shares issuable upon exercise of warrants.
The Warrants are not exercisable to the extent that the total
number of Shares then beneficially owned by a Reporting Person and
its affiliates and any other persons whose beneficial ownership of
Shares would be aggregated with such Reporting Person for purposes
of Section 13(d) of the Exchange Act, would exceed 9.99%.

The Company's Current Report on Form 8-K filed on Dec. 30, 2016,
indicates that there were 746,277 Shares outstanding as of
Dec. 30, 2016.

Heights Capital Management, Inc., which serves as the investment
manager to CVI Investments, Inc., may be deemed to be the
beneficial owner of all Shares owned by CVI Investments, Inc.

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

                      https://is.gd/7fVAbb

                       About Great Basin

Great Basin Scientific is a molecular diagnostic testing company
focused on the development and commercialization of its patented,
molecular diagnostic platform designed to test for infectious
disease, especially hospital-acquired infections.  The Company
believes that small to medium sized hospital laboratories, those
under 400 beds, are in need of simpler and more affordable
molecular diagnostic testing methods.  The Company markets a system
that combines both affordability and ease-of-use, when compared to
other commercially available molecular testing methods, which the
Company believes will accelerate the adoption of molecular testing
in small to medium sized hospitals.  The Company's system includes
an analyzer, which it provides for its customers' use without
charge in the United States, and a diagnostic cartridge, which the
Company sells to its customers.

Great Basin reported a net loss of $57.9 million in 2015 following
a net loss of $21.7 million in 2014.

As of Sept. 30, 2016, Great Basin had $83.40 million in total
assets, $144.9 million in total liabilities, and a total
stockholders' deficit of $61.47 million.

Mantyla McReynolds, LLC, in Salt Lake City, Utah, issued a "going
concern" opinion in its report on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company has incurred substantial losses from operations causing
negative working capital and negative operating cash flows.  These
issues raise substantial doubt about its ability to continue as a
going concern, the auditors said.


GREAT BASIN: Okays Redemption of $35.6 Million 2016 Notes
---------------------------------------------------------
As previously disclosed on the Current Report on Form 8-K filed
with the SEC on June 29, 2016, on June 29, 2016, Great Basin
Scientific, Inc., entered into a Securities Purchase Agreement in
relation to the Company's issuance and sale to certain buyers as
set forth in the Schedule of Buyers attached to the 2016 SPA of $75
million aggregate principal amount of senior secured convertible
notes.

On Feb. 9, 2017, the Company and each of the 2016 Note Buyers
entered into separate agreements, pursuant to which the Company
agreed to redeem, in the aggregate, $35.6 million of the 2016 Notes
held by the 2016 Note Buyers for an aggregate redemption price of
$35.6 million.  The Company will pay the Redemption Price for the
Redemption Notes from cash held in the restricted accounts of the
Company reducing the amount of cash in the Company's restricted
accounts from $57.0 million to $21.5 million.  After the redemption
the principal amount of the 2016 Notes will be reduced from $71.8
million to $36.3 million.

In addition, the holders of the 2016 Notes also voluntarily removed
restrictions on the Company's use of an aggregate of approximately
$650,000 previously funded to the Company and authorized the
release of those funds from the restricted accounts of the
Company.

                      About Great Basin

Great Basin Scientific is a molecular diagnostic testing company
focused on the development and commercialization of its patented,
molecular diagnostic platform designed to test for infectious
disease, especially hospital-acquired infections.  The Company
believes that small to medium sized hospital laboratories, those
under 400 beds, are in need of simpler and more affordable
molecular diagnostic testing methods.  The Company markets a system
that combines both affordability and ease-of-use, when compared to
other commercially available molecular testing methods, which the
Company believes will accelerate the adoption of molecular testing
in small to medium sized hospitals.  The Company's system includes
an analyzer, which it provides for its customers' use without
charge in the United States, and a diagnostic cartridge, which the
Company sells to its customers.

Great Basin reported a net loss of $57.9 million in 2015 following
a net loss of $21.7 million in 2014.

As of Sept. 30, 2016, Great Basin had $83.40 million in total
assets, $144.9 million in total liabilities, and a total
stockholders' deficit of $61.47 million.

Mantyla McReynolds, LLC, in Salt Lake City, Utah, issued a "going
concern" opinion in its report on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company has incurred substantial losses from operations causing
negative working capital and negative operating cash flows.  These
issues raise substantial doubt about its ability to continue as a
going concern, the auditors said.


GREAT BASIN: To Terminate 50 Workers as Part of Restructuring Plan
------------------------------------------------------------------
Great Basin Scientific, Inc., announced a restructuring and cost
reduction plan that is designed to focus Company resources on areas
that accelerate the revenue growth of its current commercial
product line.  As part of the restructuring plan, Great Basin has
streamlined certain manufacturing and administrative processes and
will eliminate approximately 50 employees nationwide.  Between
these changes, along with other previously implemented cost
reductions and added efficiencies, the Company expects to remove
between $10 million to $12 million from its annual cash burn.  The
Company also announced today that it has significantly reduced the
2016 Convertible Note to $36 million.

"Since the Company's inception, we have focused on building a
pipeline of molecular diagnostic solutions that provide a unique
and powerful combination of menu versatility, ease-of-use and low
cost," said Ryan Ashton, co-founder and chief executive officer of
Great Basin.  "This investment in R&D and operations infrastructure
has resulted in our current product menu of four FDA-cleared tests
and panels with two additional assays in the 510(k) process at the
FDA.  Customer response to our expanding menu has been very
positive, and we are undertaking these changes to assure that we
are well-positioned to grow the Company aggressively and
sustainably."

The Company does not anticipate material pre-tax charges as a
result of the restructuring and cost reduction plan.  Several cost
reduction activities will be initiated immediately, with all
activities expected to be substantially completed by the end of the
current quarter.

The Company is continuing development of its previously announced
assays and expects to commence new clinical trials later in 2017.

The Company estimates it will not incur any additional charges in
connection with the Plan as the amounts to be paid to the
terminated employees include actual time worked and previously
accrued personal time off.  The estimated payout of the PTO will be
approximately $150,000.  The Company expects the Plan to be
completed by the end of the first quarter of fiscal 2017.

                  2016 Convertible Note Amended

Great Basin has also reached an agreement with holders of its 2016
Convertible Note to reduce the Note's principal by $35.6 million to
$36.3 million outstanding as of Feb. 9, 2017.  In exchange, the
amount of cash in the Company's restricted cash account will be
reduced to $21.5 million from $57 million.

"Our progress in terms of product menu, customer base and sales
funnel expansion, along with the cost reductions we are
implementing, led us to determine that the original funding
available under the terms of the 2016 Convertible Notes was greater
than we required," said Jeff Rona, chief financial officer of Great
Basin.  "We appreciate the investment and support from our
Noteholders and their willingness to work with us on reducing our
debt obligation under the 2016 Note."

                        About Great Basin

Great Basin Scientific is a molecular diagnostic testing company
focused on the development and commercialization of its patented,
molecular diagnostic platform designed to test for infectious
disease, especially hospital-acquired infections.  The Company
believes that small to medium sized hospital laboratories, those
under 400 beds, are in need of simpler and more affordable
molecular diagnostic testing methods.  The Company markets a system
that combines both affordability and ease-of-use, when compared to
other commercially available molecular testing methods, which the
Company believes will accelerate the adoption of molecular testing
in small to medium sized hospitals.  The Company's system includes
an analyzer, which it provides for its customers' use without
charge in the United States, and a diagnostic cartridge, which the
Company sells to its customers.

Great Basin reported a net loss of $57.9 million in 2015 following
a net loss of $21.7 million in 2014.

As of Sept. 30, 2016, Great Basin had $83.40 million in total
assets, $144.9 million in total liabilities, and a total
stockholders' deficit of $61.47 million.

Mantyla McReynolds, LLC, in Salt Lake City, Utah, issued a "going
concern" opinion in its report on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company has incurred substantial losses from operations causing
negative working capital and negative operating cash flows.  These
issues raise substantial doubt about its ability to continue as a
going concern, the auditors said.


H. BURKHART: Rivers and Irwin Buying Knox Property for $260K
------------------------------------------------------------
H. Burkhart and Associates, Inc., asks the U.S. Bankruptcy Court
for the Western District of Pennsylvania to authorize the sale of
its interest in real property known as 147 Heeter Road, Knox,
Pennsylvania ("Premises"), to Jeffrey D. Rivers and Bridgette Dawn
Irwin for $260,000, subject to higher and better offers.

A hearing on the Motion is set for March 9, 2017 at 11:30 a.m.

The Debtor and the Buyers entered into an Agreement of Sale.  The
Debtor proposes to sell and assign the Premises to Buyers for
$260,000 in certified funds payable at closing, which will occur
within 30 days after the later of the (i) Bankruptcy Court Order
approving the sale of the Premises becoming a final and (ii)
non-appealable Order or approving confirmation of the Debtor's Plan
of Reorganization ("Closing Date").  Notwithstanding the foregoing,
upon reasonable notice to Debtor, the Buyers may elect to close at
any time after the Order approving the sale of the Premises and
Lease becomes final and non-appealable Order.

The Buyers' offer is further subject to these conditions:

   a. The Buyers will $2,600 ("Hand Money") with Brian C. Thompson,
counsel to the Debtor, which will be placed in his firm's escrow
account.

   b. The Debtor agrees that, effective as of the date the Debtor
and the Buyers entered into the Agreement of Sale ("Effective
Date") and until the Closing Date, the Premises will be kept in "as
is" condition and that all acts required with respect to any
portion of the Premises will be made in order to correct any
violations of which the Debtor will receive written notice after
the Effective Date from any governmental body having jurisdiction
over the Premises and in order to allow the Debtor to deliver the
Premises to the Purchasers in the same condition as exists on the
Motion date.

   c. The Premises will be conveyed to Buyers with good and
marketable title as is insurable by a reputable title insurance
company at the regular rates, and will be free and clear of any
liens, encumbrances and claims to the fullest extent allowable by
the Bankruptcy Court.

   d. The balance of the purchase price shall be paid to the Estate
in certified funds at the Closing.

   e. The Hand Money Deposit will be applicable to the purchase
price at Closing.

The Debtor believes that the Buyers have conducted themselves in
good faith with respect to the proposed sale.  Additionally, the
proposed Bidding Procedures are intended to provide for an open and
fair auction of the Premises which will help to ensure an
arms-length, good faith sale.  The Bidding Procedures are intended
to encourage competitive bidding.  The Debtor will file a motion to
approve Bidding Procedures simultaneously with the filing of the
Motion.

The Debtor asks that the Court (i) approves the sale of the
Premises free and clear of any liens, claims and encumbrances of
Clarion County Tax Claim Bureau and Community First Bank; (ii)
determines that the Successful Bidder is a good faith purchaser
entitled to the protections of Bankruptcy Code Section 363(m); and
(iii) provides such other and further relief as the Court deems to
be just and proper.

               About H. Burkhart and Associates

H. Burkhart and Associates, Inc., sought protection under Chapter
11 of the Bankruptcy Code (Bankr. W.D. Pa. Case No. 16-10750) on
August 3, 2016.  The petition was signed by Henry F. Burkhart,
III, owner.  At the time of the filing, the Debtor estimated
assets and liabilities of less than $500,000.

The Debtor is represented by Brian C. Thompson, Esq., at Thompson
Law Group, P.C.


HANJIN SHIPPING: U.S. Creditors Appeal Container Terminal Sale
--------------------------------------------------------------
Tom Corrigan, writing for The Wall Street Journal Pro Bankruptcy,
reported that a group of U.S. creditors appealed a court order
authorizing Hanjin Shipping Co. to sell one of their key remaining
assets and to send the proceeds to South Korea, likely beyond the
U.S. creditors' reach.

According to the report, the creditors, a group of shipping
container and trucking chassis providers, filed papers asking the
U.S. District Court in New Jersey to revisit a bankruptcy judge’s
decision to approve the $78 million sale of Hanjin's stake in a
Long Beach, Calif., container terminal operator.

In January, the creditors lost a bid to keep the sale proceeds in
the U.S.  The proceeds will instead be administered by a court in
South Korea, where the U.S. creditors say their rights and
prospects of being repaid will be diminished, the report related.

The appeal comes as a court in South Korea, where Hanjin's assets
and bankruptcy proceedings have been largely consolidated, has
moved to end any efforts to help get the company back on its feet,
opting instead for a total liquidation, the report said.  A final
ruling from the South Korean court regarding Hanjin's fate is
slated for Feb. 17, the report added.

                     About Hanjin Shipping

Hanjin Shipping Co., Ltd., is mainly engaged in the transportation
business through containerships, transportation business through
bulk carriers and terminal operation business. The Debtor is a
stock-listed corporation with a total of 245,269,947 issued shares
(common shares, KRW 5000 per share) and paid-in capital totaling
KRW 1,226,349,735,000. Of these shares 33.23% is owned by Korean
Air Lines Co., Ltd., 3.08% by Debtor and 0.34% by employee
shareholders' association.

The Company operates approximately 60 regular lines worldwide,
with 140 container or bulk vessels transporting over 100
million tons of cargo per year.  It also operates 13 terminals
specialized for containers, two distribution centers and
six Off Dock Container Yards in major ports and inland areas
around the world.  The Company is a member of "CKYHE," a
global shipping conference and also a partner of "The
Alliance," another global shipping conference to be
launched in April 2017.

Hanjin Shipping listed total current liabilities of KRW 6,028,543
million and total current assets of KRW 6,624,326 million as of
June 30, 2016.

As a result of the severe lack of liquidity, Hanjin applied to the
Seoul Central District Court 6th Bench of Bankruptcy Division for
the commencement of rehabilitation under the Debtor Rehabilitation
and Bankruptcy Act on Aug. 31, 2016. On the same day, it requested
and was granted a general injunction and the preservation of
disposition of the Company's assets.  The Korean Court's decision
to commence the rehabilitation was made on Sept. 1, 2016.  Tai-Soo
Suk was appointed as the Debtor's custodian.

On Sept. 2, 2016, Hanjin Shipping Co. filed in the U.S. a voluntary
petition under Chapter 15 of the Bankruptcy Code.  The Chapter 15
case is pending in New Jersey (Bankr. D.N.J. Case No. 16-27041)
before Judge John K. Sherwood.  Cole Schotz P.C. serves as counsel
to Tai-Soo Suk, the Chapter 15 petitioner and the duly appointed
foreign representative of Hanjin Shipping.


HEXION INC: Assumes $485 Million First-Priority Senior Notes
------------------------------------------------------------
Hexion Inc. assumed $485,000,000 aggregate principal amount of
10.375% First-Priority Senior Secured Notes due 2022, which mature
on Feb. 1, 2022, pursuant to a supplemental indenture, dated as of
Feb. 8, 2017, among Hexion Inc., the other subsidiaries of the
Issuer party thereto and Wilmington Trust, National Association, as
trustee, to an indenture, dated as of Feb. 8, 2017, between Hexion
2 U.S. Finance Corp., a wholly owned subsidiary of the Issuer, and
the Trustee.  The First Lien Notes were offered in the United
States only to qualified institutional buyers in reliance on Rule
144A under the Securities Act of 1933, as amended, and outside the
United States, only to non-U.S. investors pursuant to Regulation S
under the Securities Act.

The First Lien Notes are guaranteed, jointly and severally, on a
senior secured basis by the Issuer's existing domestic subsidiaries
that guarantee obligations under its senior secured asset-based
revolving credit facility and its future domestic subsidiaries that
guarantee any debt of the Issuer or any guarantor.  The First Lien
Notes and guarantees are secured by first-priority liens on the
notes priority collateral (which generally includes most of the
Issuer's and the Issuer's domestic subsidiaries' assets other than
the ABL priority collateral) and by second-priority liens on the
ABL priority collateral (which generally includes most of the
Issuer's and the Issuer's domestic subsidiaries' inventory and
accounts receivable and related assets), in each case subject to
certain exceptions and permitted liens.

The First Lien Notes are the Issuer's senior obligations, and rank
pari passu in right of payment with the Issuer's and the First Lien
Guarantors' existing and future senior indebtedness, including debt
under the ABL Facility, its other senior secured notes and the
guarantees thereof; equal in priority as to collateral with respect
to its and the First Lien Guarantors' existing and future
first-priority secured debt obligations under its 6.625%
First-Priority Senior Secured Notes due 2020 and 10.00%
First-Priority Senior Secured Notes due 2020 and any other future
obligations secured by a first-priority lien on the collateral to
the extent of the collateral securing such debt; senior in priority
as to collateral with respect to its and the First Lien Guarantors'
indebtedness under the ABL Facility, to the extent of the notes
priority collateral; junior in priority with respect to its and the
First Lien Guarantors' indebtedness under the ABL Facility, to the
extent of the ABL priority collateral; senior in priority as to
collateral with respect to its and the First Lien Guarantors'
existing and future obligations under any obligation secured by a
junior-priority lien on the collateral, including its other secured
notes; senior in right of payment to its and the First Lien
Guarantors' existing and future subordinated indebtedness; and
effectively junior in right of payment to all existing and future
indebtedness and other liabilities of any subsidiary that does not
guarantee the First Lien Notes, including its foreign subsidiaries;
subject to certain permitted liens and exceptions as further
described in the First Lien Indenture and the security documents
relating thereto.

The Issuer will pay interest on the First Lien Notes at 10.375% per
annum, semiannually to holders of record at the close of business
on January 15 or July 15 immediately preceding the interest payment
date on February 1 and August 1 of each year, commencing on Aug. 1,
2017.

The Issuer may redeem some or all of the First Lien Notes at any
time on or after Feb. 1, 2019, at redemption prices set forth in
the First Lien Indenture.  In addition, the Issuer may redeem in
the aggregate up to 35% of the aggregate original principal amount
of the First Lien Notes (which includes additional notes, if any)
on or prior to Feb. 1, 2019, at a redemption price of 110.375% plus
accrued and unpaid interest, if any, of the face amount thereof in
an amount equal to the net cash proceeds of one or more equity
offerings so long as at least 50% of the aggregate principal amount
of the First Lien Notes (which includes additional notes, if any)
remains outstanding after each such redemption.  Prior to Feb. 1,
2019, the Issuer may redeem some or all of the First Lien Notes at
a price equal to 100% of the principal amount thereof, plus accrued
and unpaid interest to the redemption date, if any, plus a
"make-whole" premium.

The First Lien Indenture contains covenants that limit the Issuer's
and its restricted subsidaries' ability to, among other things: (i)
incur additional debt or issue certain preferred shares; (ii) pay
dividends on or make other distributions in respect of its capital
stock or make other restricted payments; (iii) make certain
investments; (iv) sell certain assets; (v) create or permit to
exist dividend and/or payment restrictions affecting restricted
subsidiaries; (vi) create liens on certain assets to secure debt;
(vii) consolidate, merge, sell or otherwise dispose of all or
substantially all of their assets; and (viii) enter into certain
transactions with their affiliates.  These covenants are subject to
a number of important limitations and exceptions.  The First Lien
Indenture also provides for events of default, which, if any of
them occurs, would permit or require the principal, premium, if
any, interest and any other monetary obligations on all the then
outstanding First Lien Notes to be due and payable immediately.

                 Senior Secured Notes Indenture and
                    Senior Secured Notes due 2022

On Feb. 8, 2017, the Issuer entered into an indenture among the
Issuer, the guarantors party thereto and Wilmington Trust, National
Association, as trustee, governing the Issuer’s $225,000,000
aggregate principal amount of 13.75% Senior Secured Notes due 2022,
which mature on Feb. 1, 2022.  The Senior Secured Notes were
offered in the United States only to qualified institutional buyers
in reliance on Rule 144A under the Securities Act, and outside the
United States, only to non-U.S. investors pursuant to Regulation S
under the Securities Act.

The Senior Secured Notes are guaranteed, jointly and severally, on
a senior secured basis by the Issuer's existing domestic
subsidiaries that guarantee obligations under the ABL Facility and
its future domestic subsidiaries that guarantee any debt of the
Issuer or the Senior Secured Notes Guarantors.  The Senior Secured
Notes and the guarantees are secured by a lien on its and its
domestic subsidiary guarantors' assets that is junior in priority
to the liens securing the first-priority lien obligations and
senior in priority to the 9.00% Second-Priority Senior Secured
Notes due 2020 issued by the Issuer and Hexion Nova Scotia, ULC, in
each case subject to certain exceptions and permitted liens.

The Senior Secured Notes are the Issuer's senior obligations, and
rank pari passu in right of payment with the Issuer's and the
Senior Secured Notes Guarantors' existing and future senior
indebtedness, including debt under the ABL Facility, the First Lien
Notes, the Existing First Lien Notes, the Second Lien Notes and the
guarantees thereof; effectively junior in priority as to collateral
with respect to its and the Senior Secured Notes Guarantors'
indebtedness under the ABL Facility, the First Lien Notes, the
Existing First Lien Notes and any other future obligations secured
by a first-priority lien on the collateral to the extent of the
collateral securing such debt; pari passu in priority as to
collateral with respect to its and the Senior Secured Notes
Guarantors' indebtedness under any other existing and future
indebtedness permitted to be incurred and secured on a pari passu
basis with the Senior Secured Notes; senior in priority as to
collateral with respect to the Issuer's and the Senior Secured
Notes Guarantors' existing and future obligations secured by a
junior priority lien on the collateral, including the Second Lien
Notes, to the extent of the value of the collateral securing the
Senior Secured Notes; senior in right of payment to its and the
Senior Secured Notes Guarantors' existing and future subordinated
indebtedness; and effectively junior in right of payment to all
existing and future indebtedness (including indebtedness under the
ABL Facility) and other liabilities of any subsidiary that does not
guarantee the Senior Secured Notes, including its foreign
subsidiaries; subject to certain permitted liens and exceptions as
further described in the Senior Secured Notes Indenture and the
security documents relating thereto.

The Issuer will pay interest on the Senior Secured Notes at 13.75%
per annum, semiannually to holders of record at the close of
business on January 15 or July 15 immediately preceding the
interest payment date on February 1 and August 1 of each year,
commencing on Aug. 1, 2017.

The Issuer may redeem some or all of the Senior Secured Notes at
any time on or after Feb. 1, 2019, at redemption prices set forth
in the Senior Secured Notes Indenture.  In addition, the Issuer may
redeem in the aggregate up to 35% of the aggregate original
principal amount of the Senior Secured Notes (which includes
additional notes, if any) on or prior to Feb. 1, 2019, at a
redemption price of 113.75% plus accrued and unpaid interest, if
any, of the face amount thereof in an amount equal to the net cash
proceeds of one or more equity offerings so long as at least 50% of
the aggregate principal amount of the Senior Secured Notes (which
includes additional notes, if any) remains outstanding after each
such redemption.  Prior to Feb. 1, 2019, the Issuer may redeem some
or all of the Senior Secured Notes at a price equal to 100% of the
principal amount thereof, plus accrued and unpaid interest to the
redemption date, if any, plus a "make-whole" premium.

The Senior Secured Notes Indenture contains covenants that limit
the Issuer's and its restricted subsidaries' ability to, among
other things: (i) incur additional debt or issue certain preferred
shares; (ii) pay dividends on or make other distributions in
respect of its capital stock or make other restricted payments;
(iii) make certain investments; (iv) sell certain assets; (v)
create or permit to exist dividend and/or payment restrictions
affecting restricted subsidiaries; (vi) create liens on certain
assets to secure debt; (vii) consolidate, merge, sell or otherwise
dispose of all or substantially all of their assets; and (viii)
enter into certain transactions with their affiliates. These
covenants are subject to a number of important limitations and
exceptions.  The Senior Secured Notes Indenture also provides for
events of default, which, if any of them occurs, would permit or
require the principal, premium, if any, interest and any other
monetary obligations on all the then outstanding Senior Secured
Notes to be due and payable immediately.

                  Additional Secured Party Consent

On Feb. 8, 2017, Hexion, the subsidiaries of Hexion party thereto,
Wilmington Trust, National Association, as collateral agent,
Wilmington Trust, National Association, as authorized
representative for the notes obligations, Wilmington Trust,
National Association, as authorized representative for the initial
other first priority obligations, and the First Lien Trustee, as
authorized representative for the new secured parties, entered into
an Additional Secured Party Consent to the Collateral Agreement,
dated as of March 28, 2013, among Hexion, Hexion's subsidiaries
party thereto and the Collateral Agent.  Pursuant to the Additional
Secured Party Consent, the First Lien Trustee, representing holders
of the First Lien Notes, (x) has become a party to the First Lien
Collateral Agreement and a party to the intercreditor agreement,
dated as of April 15, 2015, among the First Lien Collateral Agent,
Wilmington Trust, National Association, as authorized
representative under the existing first lien agreement, Wilmington
Trust, National Association, as the initial other authorized
representative, and each additional authorized representative from
time to time party thereto, Hexion LLC, Hexion, and each subsidiary
of Hexion from time to time party thereto, in each case on behalf
of such holders, and (y) has appointed and authorized the First
Lien Collateral Agent to act as collateral agent on behalf of the
authorized representative and the holders of the First Lien Notes
and to exercise various powers under the First Lien Collateral
Agreement.

           Joinder to Second Lien Intercreditor Agreement

On Feb. 8, 2017, the First Lien Trustee entered into a third
joinder and supplement to the intercreditor agreement, dated as of
January 31, 2013, among JPMorgan Chase Bank, N.A., as intercreditor
agent, JPMorgan Chase Bank, N.A., as senior-priority agent for the
ABL secured parties, Wilmington Trust Company, as trustee and
collateral agent for the Second Lien Notes, Wilmington Trust,
National Association, as senior-priority agent for the Existing
First Lien Notes, Wilmington Trust, National Association, as
senior-priority agent for the First Lien Notes, Wilmington Trust,
National Association, as senior-priority agent for the Senior
Secured Notes, Hexion LLC, Hexion, and each subsidiary of Hexion
from time to time party thereto.  Pursuant to the Third Joinder to
the Second Lien Intercreditor Agreement, the First Lien Trustee
became a party to and agreed to be bound by the terms of the Second
Lien Intercreditor Agreement as another senior agent, as if it had
originally been party to the Second Lien Intercreditor Agreement as
a senior agent.

The Second Lien Intercreditor Agreement governs the relative
priorities of the respective security interests in the Grantors'
certain assets securing (i) the First Lien Notes, (ii) the Senior
Secured Notes, (iii) the Existing First Lien Notes, (iv) the Second
Lien Notes and (v) the borrowings under the ABL Facility and
certain other matters relating to the administration of security
interests.

          Second Joinder to ABL Intercreditor Agreement

On Feb. 8, 2017, the First Lien Trustee entered into a second
joinder agreement to the intercreditor agreement, dated as of March
28, 2013, among JPMorgan Chase Bank, N.A., as ABL Facility
collateral agent, Wilmington Trust, National Association, as
applicable first-lien agent, Wilmington Trust, National
Association, as First Lien Collateral Agent, and Hexion.  Pursuant
to the Second Joinder to the ABL Intercreditor Agreement, the First
Lien Trustee became a party to and agreed to be bound by the terms
of the ABL Intercreditor Agreement as another first-priority lien
obligations representative, as if it had originally been party to
the ABL Intercreditor Agreement as such.  The ABL Intercreditor
Agreement governs the relative priorities of the respective
security interests in the Grantors' certain assets securing (i) the
First Lien Notes, (ii) the Existing First Lien Notes and (iii) the
borrowings under the ABL Facility and certain other matters
relating to the administration of security interests.

               1.5 Lien Collateral Agreement

On Feb. 8, 2017, Hexion entered into a collateral agreement among
Hexion, the subsidiaries of Hexion party thereto and Wilmington
Trust, National Association, as collateral agent, pursuant to which
Hexion and the subsidiaries of Hexion party thereto granted a
security interest in certain collateral to the 1.5 Lien Collateral
Agent for the benefit of the secured parties under the Senior
Secured Notes Indenture.

      Amended and Restated 1.5 Lien Intercreditor Agreement

On Feb. 8, 2017, the 1.5 Lien Collateral Agent, JPMorgan Chase
Bank, N.A., as intercreditor agent and as ABL Facility collateral
agent, Wilmington Trust, National Association, as senior-priority
agent for the Existing First Lien Notes, Wilmington Trust, National
Association, as senior-priority agent for the First Lien Notes,
Wilmington Trust, National Association, as trustee and
second-priority agent for the Senior Secured Notes, Hexion LLC,
Hexion and the subsidiaries of Hexion party thereto entered into an
amended and restated intercreditor agreement.  The 1.5 Lien
Intercreditor Agreement governs the relative priorities of the
respective security interests in the Grantors’ certain assets
securing (i) the First Lien Notes, (ii) the Existing First Lien
Notes, (iii) the Senior Secured Notes and (iv) the borrowings under
the ABL Facility, and certain other matters relating to the
administration and enforcement of security interests.

              Fourth Joinder and Supplement to the
              Second Lien Intercreditor Agreement

On Feb. 8, 2017, the 1.5 Lien Trustee entered into a fourth joinder
and supplement to the Second Lien Intercreditor Agreement.
Pursuant to the Fourth Joinder to the Second Lien Intercreditor
Agreement, the 1.5 Lien Trustee became a party to and agreed to be
bound by the terms of the Second Lien Intercreditor Agreement as
another senior agent, as if it had originally been party to the
Second Lien Intercreditor Agreement as a senior agent.

          Termination of a Definitive Material Agreement

On Feb. 8, 2017, the Issuer caused a notice of redemption to be
made to redeem all of the Issuer's and Hexion Nova Scotia's
outstanding 8.875% Senior Secured Notes due 2018 on March 10, 2017,
at a redemption price equal to 100.00% of the principal amount of
the Existing Senior Secured Notes, plus accrued and unpaid interest
to the redemption date.  The Issuer also irrevocably deposited with
Wilmington Trust, National Association, as trustee for the Existing
Senior Secured Notes, an amount sufficient to satisfy and discharge
its obligations under the Existing Senior Secured Notes and the
Indenture, dated as of
Jan. 29, 2010, among the Issuer, Hexion Novia Scotia, the
guarantors party thereto and Wilmington Trust, National
Association, as trustee, governing the Existing Senior Secured
Notes.

                       About Hexion Inc.

Hexion Inc., formerly known as Momentive Specialty Chemicals, Inc.,
headquartered in Columbus, Ohio, is a producer of thermoset resins
(epoxy, formaldehyde and acrylic).  The Company is also a supplier
of specialty resins for inks and specialty coatings sold to a
diverse customer base as well as a producer of commodities such as
formaldehyde, bisphenol A, epichlorohydrin, versatic acid and
related derivatives.

Hexion reported a net loss attributable to the Company of $40
million on $4.14 billion of net sales for the year ended Dec. 31,
2015, compared to a net loss attributable to the Company of $223
million on $5.13 billion of net sales for the year ended Dec. 31,
2014.  As of Sept. 30, 2016, Hexion had $2.18 billion in total
assets, $4.59 billion in total liabilities and a total deficit of
$2.41 billion.

                          *     *     *

The TCR reported on Oct. 3, 2014, that Standard & Poor's Ratings
Services lowered its corporate credit rating on Momentive Specialty
by one notch to 'CCC+' from 'B-'.  "The downgrade follows MSC's
significant use of cash in the first half of 2014 and our
expectation that lackluster cash flow from operations and elevated
capital spending will cause free operating cash flow to be
significantly negative in 2014 and 2015," said Standard & Poor's
credit analyst Cynthia Werneth.

As reported by the TCR on Jan. 24, 2017, Moody's Investors Service
lowered the Corporate Family Rating (CFR) of Hexion Inc. to Caa2.
Hexion's Caa2 CFR reflects its elevated leverage of over 9 times,
weak cash flow from operations and negative free cash flow.


HOUSTON PLATE: Taps McClure Law Office as Legal Counsel
-------------------------------------------------------
Houston Plate Processing, Inc. seeks approval from the U.S.
Bankruptcy Court for the Southern District of Texas to hire legal
counsel.

The Debtor proposes to hire the Law Office of Margaret M. McClure
to give legal advice regarding its duties under the Bankruptcy
Code, and provide other legal services related to its Chapter 11
case.  The firm charges an hourly fee of $400 for attorneys and
$150 for paralegals.

Margaret McClure, Esq., disclosed in a court filing that she does
not have any interest adverse to the Debtor's bankruptcy estate or
any of its creditors.

The firm can be reached through:

     Margaret M. McClure, Esq.
     Law Office of Margaret M. McClure
     909 Fannin, Suite 3810
     Houston, TX 77010
     Phone: (713) 659-1333
     Fax: (713) 658-0334
     Email: margaret@mmmcclurelaw.com

                 About Houston Plate Processing

Houston Plate Processing, Inc. sought protection under Chapter 11
of the Bankruptcy Code (Bankr. S. D. Texas Case No. 17-30603) on
February 2, 2017.  The petition was signed by Jeremiah E. Thompson,
president.  

The case is assigned to Judge Karen K. Brown.

At the time of the filing, the Debtor disclosed $1.13 million in
assets and $2.3 million in liabilities.


IL VALENTINO: Taps Shafferman & Feldman as Legal Counsel
--------------------------------------------------------
Il Valentino Restaurant Inc. seeks approval from the U.S.
Bankruptcy Court for the Southern District of New York to hire
legal counsel in connection with its Chapter 11 case.

The Debtor proposes to hire Shafferman & Feldman LLP to give legal
advice regarding its duties under the Bankruptcy Code, negotiate
with creditors, assist in the preparation of a bankruptcy plan, and
provide other legal services.

Joel Shafferman, Esq., the attorney designated to represent the
Debtor, will charge an hourly rate of $400 for his services.

Mr. Shafferman disclosed in a court filing that he and his firm are
"disinterested persons" as defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Joel M. Shafferman, Esq.
     Shafferman & Feldman LLP
     137 Fifth Avenue, 9th Floor
     New York, NY 10010
     Phone: 212-509-1802
     Email: joel@shafeldlaw.com

                  About Il Valentino Restaurant

Il Valentino Restaurant Inc. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 17-10150) on January
25, 2017.  The petition was signed by Mirso Lekic, president.  

At the time of the filing, the Debtor estimated assets of less than
$50,000 and liabilities of less than $500,000.

No committee of creditors, trustee or examiner has been appointed
in the case.


IMAG VIDEO/AV: Taps Dunham Hildebrand as Legal Counsel
------------------------------------------------------
IMAG Video/AV, Inc. seeks approval from the U.S. Bankruptcy Court
for the Middle District of Tennessee to hire legal counsel in
connection with its Chapter 11 case.

The Debtor proposes to hire Dunham Hildebrand, PLLC to give legal
advice regarding its duties under the Bankruptcy Code, assist in
the preparation of a bankruptcy plan, and provide other legal
services.

The hourly rates charged by the firm for its attorneys range from
$275 to $325.  Paralegals charge $150 per hour.

Griffin Dunham, Esq., disclosed in a court filing that the firm
does not represent any interest adverse to the Debtor or its
bankruptcy estate.

The firm can be reached through:

     Griffin S. Dunham, Esq.
     Dunham Hildebrand, PLLC
     2510 Franklin Pike, Suite 210
     Nashville, TN 37204
     Phone: 615-933-5850
     Email: alex@dhnashville.com

                       About IMAG Video/AV

Headquartered in Nashville, Tennessee, IMAG Video/AV Inc. filed for
Chapter 11 bankruptcy protection (Bankr. M.D. Tenn. Case No.
16-09189) on Dec. 31, 2016, estimating assets of $1 million to $10
million and liabilities of $10 million to $50 million.  The
petition was signed by Steven C. Daniels, president.

Judge Randal S. Mashburn presides over the case.

Griffin S. Dunham, Esq., at Dunham Hildebrand, PLLC, serves as the
Debtor's bankruptcy counsel.

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


INT'L SHIPHOLDING: BMO Harris Tries to Block Plan Confirmation
--------------------------------------------------------------
BMO Harris Equipment Finance Co., creditor of International
Shipholding Corporation and Sulphur Carriers, Inc., filed with the
U.S. Bankruptcy Court for the Southern District of New York an
objection to the confirmation of the Debtors' Chapter 11 plan.

BMO says it objects to confirmation of the Plan because it fails to
meet the requirement under the U.S. Bankruptcy Code that a Chapter
11 plan must provide for payment of administrative claims on or
before the effective date.  This failure renders the Plan
infeasible.

BMO has substantial administrative claims, for which adequate
payment on or before the effective date as required by 11 U.S.C.
Section 1129(a)(9) has not been provided.  The Debtors have failed
to undertake required maintenance and repairs as required by the
Bareboat Charter and Section 365(d)(5), for the Debtors' own
benefit and to the detriment of BMO's property which the Debtors
have been using.  These failures give rise to substantial
administrative claims which must be paid; otherwise the Plan is not
feasible.

BMO has substantial claims against the estates of ISC and Sulphur
Carriers, some of which are entitled to administrative priority
either pursuant to Section 365(d)(5) of the Bankruptcy Code or due
to the fact that the claims arise from damages which resulted from
the Debtors' failure, post-petition, to perform maintenance and
repairs to the vessel, or damages which occurred due to its
beneficial use of the vessel post-petition.  These include claims
for dry docking upon re-delivery, ballast tank blasting, engine
equipment replacement, 180 days of lay-up expenses are entitled, in
whole or in part, to administrative priority.  These administrative
priority claims are in the total estimated amount of $6,250,000.

Additionally, BMO's claims are secured by proceeds of the Debtors'
use of the Vessel, including any monies the Debtors' have received
under the contract of affreightment, which are cash collateral
securing BMO's claim.  The secured claims have not been adequately
provided for in the Debtors' Plan or the requirements of 11 U.S.C.
Section 1129(b)(2).

Due to the recent notification of rejection of its Bareboat Charter
Agreement with the Sulphur Carriers, however, and the failures of
the Debtor to comply with the obligations of that agreement during
its post-petition use of BMO's vessel, however, BMO is compelled to
interpose this objection to confirmation.

BMO says that the Debtors' Plan should not be confirmed as
currently proposed because the Bankruptcy Code requires that a
Chapter 11 plan must provide for payment of administrative claims
on or before the effective date.  Failure to adequately do so
renders the plan infeasible.  BMO has substantial administrative
claims, for which adequate payment on or before the effective date
as required by 11 U.S.C. Section 1129(a)(9) has not been provided.
The Debtors have failed to undertake required maintenance and
repairs as required by the Bareboat Charter and Section 365(d)(5),
for the Debtor's own benefit and to the detriment of BMO's property
which the Debtors have been using.  These failures give rise to
substantial administrative claims which must be paid; otherwise the
Plan is not feasible.  BMO therefore requests that confirmation be
denied unless and until adequate treatment of such administrative
claims is provided.

The Objection is available at:

           http://bankrupt.com/misc/nysb16-12220-614.pdf

BMO is represented by:

     Stewart F. Peck, Esq.
     Nathan P. Horner, Esq.
     Christopher T. Caplinger, Esq.
     Joseph P. Briggett, Esq.
     601 Poydras Street, Suite 2775
     New Orleans, LA 70130
     Tel: (504) 568-1990
     Fax: (504) 310-9195
     E-mail: speck@lawla.com
             nhorner@lawla.com
             ccaplinger@lawla.com

                 About International Shipholding

International Shipholding Corp. filed a Chapter 11 petition
(Bankr. S.D.N.Y. Case No. 16-12220) on July 31, 2016.  Its
affiliated Debtors also filed separate Chapter 11 petitions.  The
petitions were signed by Manuel G. Estrada, vice president and
chief financial officer.

International Shipholding Corp. was engaged in waterborne cargo
transportation and maintained a diversified customer base with
emphasis on medium and long term contracts.  ISH was founded in
1947 when the Johnsen family purchased a Liberty Ship after the
establishment of the War Ship Act of 1946 and became a public
company in 1979.  Through its Debtor and non-Debtor subsidiaries,
International Shipholding now operates a diversified fleet of 21
U.S. and foreign flag vessels that provide domestic and
international maritime transportation services to commercial and
governmental customers primarily under medium to long-term
contracts.  As of the Petition Date, International Shipholding
maintained offices in Mobile, Alabama, New Orleans, Louisiana, New
York, New York, and Tampa, Florida, as well as a network of
agencies in major cities worldwide.

ISH, which was formed as a Delaware corporation in 1978 and became
a public company in 1979, is the ultimate corporate parent of the
International Shipholding family of companies.  International
Shipholding's fleet is operated by ISH's principal Debtor and
non-Debtor subsidiaries, including Central Gulf Lines, Inc.,
Waterman Steamship Corporation, Enterprise Ship Company, Inc.,
U.S. United Ocean Services, LLC, CG Railway, Inc., LCI
Shipholdings, Inc., Sulphur Carriers, Inc., and East Gulf
Shipholding, Inc.  Certain other of ISH's Debtor subsidiaries,
including LMS Shipmanagement, Inc., and N. W. Johnsen & Co., Inc.,
provide ship management, ship charter brokerage, agency and other
specialized services. C.G. Railway Inc., Cape Holding LTD, Dry Bulk
Cape Holding, Inc., East Gulf Shipholding, Inc., MPV Netherlands
C.V., MPV Netherlands Cooperatief U.A., MPV Netherlands B.V., Bulk
Shipholding Inc., and Terminales Transgolfo S.A. de C.V. are not
debtors in these Chapter 11 cases.

The Debtors are represented by David H. Botter, Esq., Sarah Link
Schultz, Esq., and Travis A. McRoberts, Esq., at Akin Gump Strauss
Hauer & Feld LLP.  The Debtors' Restructuring Advisor is Blackhill
Partners, LLC.  Their Claims, Noticing & Balloting Agent is Prime
Clerk LLC.

The Debtors disclosed total assets at $305.1 million and total
debts at $226.8 million as of March 31, 2016.

William K. Harrington, the U.S. Trustee for the Southern District
of New York, on Sept. 1, 2016, appointed three creditors to serve
on the official committee of unsecured creditors of International
Shipholding Corporation.  The committee hires Pachulski Stang Ziehl
& Jones LLP as counsel, and AMA Capital Partners, LLC, as financial
advisor.

On Dec. 28, 2016, the Debtors filed their first amended joint
Chapter 11 plan of reorganization.  Class 7 general unsecured
creditors are expected to recover 7% of their claims, according to
the filing.


INT'L SHIPHOLDING: Capital One Tries to Block Plan Confirmation
---------------------------------------------------------------
Capital One, National Association, filed with the U.S. Bankruptcy
Court for the Southern District of New York an objection to the
confirmation of International Shipholding Corp. and its affiliated
debtors' first amended joint Chapter 11 plan of reorganization.

Prior to the Petition Date, Capital One provided a term loan to LCI
Shipholdings, Inc., one of the Debtors (as successor by assignment
from Waterman Steamship Corporation), in the original principal
amount of $15,675,000.  LCI secured its obligations under the
Capital One Facility by granting Capital One a first priority lien
and security interest in (i) the M/V Oslo Wave, Marshall Islands
official number 4991, Call Sign V7A66, and (ii) certain assets,
contracts, and rights related to the Oslo Wave, including that
certain Bareboat Charter, initially dated Dec. 19, 2014, as
amended, between LCI and Oslo Bulk Holding PTE, LTD, some of which
constitute cash collateral, all as more fully described in the
Capital One Loan Documents and confirmed in the final court order
(1) authorizing the Debtors to (A) obtain post-petition financing,
(B) use cash collateral, and (C) grant certain protections to
Prepetition Lenders and (2) granting certain related relief.  As of
the Petition Date, LCI owed an outstanding principal balance of
$5,915,591.48 under the Capital One Facility.

Capital One claims that:

     a. the Debtors are not yet able to show that their Plan is
        feasible.  Both in their pleadings and in their
        appearances before the Court, the Debtors have revealed
        that their ability to show feasibility of their Plan is
        inextricably tied to closing the PCTC Transaction.  The
        Disclosure Statement describes the PCTC transaction as
        providing substantial additional value to the Debtors'
        estates.  However, neither the Disclosure Statement, the
        PCTC Notice nor the Plan definitively quantifies that
        substantial value, describes the transaction that gives
        rise to that value or identifies the form that the value
        will take.  The lack of disclosure goes beyond a simple
        impact on confirmation of the Plan -- the Debtors' own
        disclosures expressly state that the PCTC Transaction is
        so important that creditors cannot meaningfully assess the

        Plan without specific information regarding the PCTC
        Transaction and its impact on the Plan.  Despite the
        approval of the Disclosure Statement by the Court, the
        creditors are without adequate information with which to
        make an intelligent decision about the Plan;

     b. the Plan does not treat Capital One's secured claim  
        (Class 4(o)) fairly and equitably.  While the Oslo Wave
        Sale Order provides a distribution scheme of the sale
        proceeds to Capital One, the Plan does not.  Unless and
        until the Plan specifically provides for the delivery of
        the entirety of the proceeds of the sale of the Oslo Wave
        to Capital One, Capital One will not have received fair
        and equitable treatment under the Plan; and

     c. the Plan does not treat Class 7(O) claimants fairly and
        equitably.  A review of the treatment of Class 7(o) claims

        in the Plan does not actually provide for the unsecured
        creditors of LCI to receive 100% of their claims.  Without

        more information regarding the total amount of cash that
        would otherwise be available to LCI, and the amount of
        claims in the class, the Debtors are unable to satisfy
        their burden of proving that any unsecured creditors of
        Class 7(o) will receive "property of a value, as of the
        effective date of the Plan, that is not less than the
        amount that such holder would so receive or retain if the
        Debtor were liquidated under Chapter 7 of this title on
        such date."

The Objection is available at:

             http://bankrupt.com/misc/nysb16-12220-615.pdf

Capital One is represented by:

     Deborah A. Reperowitz, Esq.
     E. Stewart Spielman, Esq.
     McGLINCHEY STAFFORD   
     112 West 34th Street, Suite 1515
     New York, New York 10120
     Tel: (646) 362-4000  
     E-mail: dreperowitz@mcglinchey.com
             sspielman@mcglinchey.com

                 About International Shipholding

International Shipholding Corp. filed a Chapter 11 petition
(Bankr. S.D.N.Y. Case No. 16-12220) on July 31, 2016.  Its
affiliated Debtors also filed separate Chapter 11 petitions.  The
petitions were signed by Manuel G. Estrada, vice president and
chief financial officer.

International Shipholding Corp. was engaged in waterborne cargo
transportation and maintained a diversified customer base with
emphasis on medium and long term contracts.  ISH was founded in
1947 when the Johnsen family purchased a Liberty Ship after the
establishment of the War Ship Act of 1946 and became a public
company in 1979.  Through its Debtor and non-Debtor subsidiaries,
International Shipholding now operates a diversified fleet of 21
U.S. and foreign flag vessels that provide domestic and
international maritime transportation services to commercial and
governmental customers primarily under medium to long-term
contracts.  As of the Petition Date, International Shipholding
maintained offices in Mobile, Alabama, New Orleans, Louisiana, New
York, New York, and Tampa, Florida, as well as a network of
agencies in major cities worldwide.

ISH, which was formed as a Delaware corporation in 1978 and became
a public company in 1979, is the ultimate corporate parent of the
International Shipholding family of companies.  International
Shipholding's fleet is operated by ISH's principal Debtor and
non-Debtor subsidiaries, including Central Gulf Lines, Inc.,
Waterman Steamship Corporation, Enterprise Ship Company, Inc.,
U.S. United Ocean Services, LLC, CG Railway, Inc., LCI
Shipholdings, Inc., Sulphur Carriers, Inc., and East Gulf
Shipholding, Inc.  Certain other of ISH's Debtor subsidiaries,
including LMS Shipmanagement, Inc., and N. W. Johnsen & Co., Inc.,
provide ship management, ship charter brokerage, agency and other
specialized services. C.G. Railway Inc., Cape Holding LTD, Dry Bulk
Cape Holding, Inc., East Gulf Shipholding, Inc., MPV Netherlands
C.V., MPV Netherlands Cooperatief U.A., MPV Netherlands B.V., Bulk
Shipholding Inc., and Terminales Transgolfo S.A. de C.V. are not
debtors in these Chapter 11 cases.

The Debtors are represented by David H. Botter, Esq., Sarah Link
Schultz, Esq., and Travis A. McRoberts, Esq., at Akin Gump Strauss
Hauer & Feld LLP.  The Debtors' Restructuring Advisor is Blackhill
Partners, LLC.  Their Claims, Noticing & Balloting Agent is Prime
Clerk LLC.

The Debtors disclosed total assets at $305.1 million and total
debts at $226.8 million as of March 31, 2016.

William K. Harrington, the U.S. Trustee for the Southern District
of New York, on Sept. 1, 2016, appointed three creditors to serve
on the official committee of unsecured creditors of International
Shipholding Corporation.  The committee hires Pachulski Stang Ziehl
& Jones LLP as counsel, and AMA Capital Partners, LLC, as financial
advisor.

On Dec. 28, 2016, the Debtors filed their first amended joint
Chapter 11 plan of reorganization.  Class 7 general unsecured
creditors are expected to recover 7% of their claims, according to
the filing.


INT'L SHIPHOLDING: CapitalSource, BBTEF Oppose Central Gulf Plan
----------------------------------------------------------------
Pacific Western Bank, CapitalSource Division, as successor by
merger to CapitalSource Bank, and BB&T Equipment Finance
Corporation filed with the U.S. Bankruptcy Court for the Southern
District of New York an objection to the confirmation of the
Central Gulf Lines, Inc. plan and treatment of M/V Green Lake.

CapitalSource's business includes heavy industrial equipment
leasing and financing, with its principal office at 30 Wacker
Drive, 35th Floor, Chicago, Illinois 60606, and the commercial
banker responsible for CapitalSource's transactions with Debtors
Central Gulf Lines, Inc., and International Shipholding Corporation
since inception in 2012.

The Objectors claim that:

     a. the Plan improperly allows the Debtor to defer
        negotiations about assumption and rejection of executory   
     
        contracts until after confirmation;

     b. the Plan, as supplemented, contemplates rejection of two-
        thirds of CapitalSource's and BBTEF integrated executory
        contract for the M/V Green Lake (a cornerstone of the
        vessel core PCTC/MSP segment and an explicit element of
        the MSP Operating Agreement proposed for assumption);

     c. rejection of CapitalSource's and BBTEF's integrated
        executory contract is unsound and renders the Plan
        unfeasible.  A more robust sale and marketing process for
        the PCTC/MSP segment (in which CapitalSource, BBTEF, NYK
        and the MSP are Operating Agreement wholly assumed) would
        provide greater benefit; and

     d. under the "Other Secured Claim" Class and other possible
        scenarios, the described treatment of CapitalSource,
        BBTEF, and the M/V Green Lake is too ambiguous and
        unfeasible unless an extra $10-$40 million lurks in the
        missing statement about sources and uses of cash.  The
        corresponding plannedelimination of liens is not
        adequately protected.

The Objectors are represented by:

     F. Thomas Rafferty, Esq.
     Jeffrey S. Greenberg, Esq.
     BAKER, DONELSON, BEARMAN, CALDWELL & BERKOWITZ, PC
     100 Light Street, 21st Floor
     Baltimore, MD 21202
     Tel: (410) 862-1172
     Fax: (443) 263-7572
     E-mail: trafferty@bakerdonelson.com
             jgreenberg@bakerdonelson.com

A copy of the Objection is available at:

           http://bankrupt.com/misc/nysb16-12220-607.pdf
           http://bankrupt.com/misc/nysb16-12220-609.pdf

                 About International Shipholding

International Shipholding Corp. filed a Chapter 11 petition
(Bankr. S.D.N.Y. Case No. 16-12220) on July 31, 2016.  Its
affiliated
Debtors also filed separate Chapter 11 petitions.  The petitions
were signed by Manuel G. Estrada, vice president and chief
financial officer.

International Shipholding Corp. was engaged in waterborne cargo
transportation and maintained a diversified customer base with
emphasis on medium and long term contracts.  ISH was founded in
1947 when the Johnsen family purchased a Liberty Ship after the
establishment of the War Ship Act of 1946 and became a public
company in 1979.  Through its Debtor and non-Debtor subsidiaries,
International Shipholding now operates a diversified fleet of 21
U.S. and foreign flag vessels that provide domestic and
international maritime transportation services to commercial and
governmental customers primarily under medium to long-term
contracts.  As of the Petition Date, International Shipholding
maintained offices in Mobile, Alabama, New Orleans, Louisiana, New
York, New York, and Tampa, Florida, as well as a network of
agencies in major cities worldwide.

ISH, which was formed as a Delaware corporation in 1978 and became
a public company in 1979, is the ultimate corporate parent of the
International Shipholding family of companies.  International
Shipholding's fleet is operated by ISH's principal Debtor and
non-Debtor subsidiaries, including Central Gulf Lines, Inc.,
Waterman Steamship Corporation, Enterprise Ship Company, Inc.,
U.S. United Ocean Services, LLC, CG Railway, Inc., LCI
Shipholdings, Inc., Sulphur Carriers, Inc., and East Gulf
Shipholding, Inc.  Certain other of ISH's Debtor subsidiaries,
including LMS Shipmanagement, Inc., and N. W. Johnsen & Co., Inc.,
provide ship management, ship charter brokerage, agency and other
specialized services. C.G. Railway Inc., Cape Holding LTD, Dry Bulk
Cape Holding, Inc., East Gulf Shipholding, Inc., MPV Netherlands
C.V., MPV Netherlands Cooperatief U.A., MPV Netherlands B.V., Bulk
Shipholding Inc., and Terminales Transgolfo S.A. de C.V. are not
debtors in these Chapter 11 cases.

The Debtors are represented by David H. Botter, Esq., Sarah Link
Schultz, Esq., and Travis A. McRoberts, Esq., at Akin Gump Strauss
Hauer & Feld LLP.  The Debtors' Restructuring Advisor is Blackhill
Partners, LLC.  Their Claims, Noticing & Balloting Agent is Prime
Clerk LLC.

The Debtors disclosed total assets at $305.1 million and total
debts at $226.8 million as of March 31, 2016.

William K. Harrington, the U.S. Trustee for the Southern District
of New York, on Sept. 1, 2016, appointed three creditors to serve
on the official committee of unsecured creditors of International
Shipholding Corporation. The committee hires Pachulski Stang Ziehl
& Jones LLP as counsel, and AMA Capital Partners, LLC, as financial
advisor.

On Dec. 28, 2016, the Debtors filed their first amended joint
Chapter 11 plan of reorganization.  Class 7 general unsecured
creditors are expected to recover 7% of their claims, according to
the filing.


INT'L SHIPHOLDING: Dept. of Revenue Tries to Stop Plan Confirmation
-------------------------------------------------------------------
The Secretary of the Louisiana Department of Revenue filed with the
U.S. Bankruptcy Court for the Southern District of New York an
objection to the confirmation of the first amended joint Chapter 11
Plan of Reorganization for International Shipholding Corporation
and its affiliated debtors.

LDR, which holds two claims in these jointly administered cases,
objects to, among other things:

     (1) treatment of administrative claims because it requires a
         request for payment before an Administrative Claim can
         become allowed.  This provision violates 11 U.S.C.
         Section 503(b)(1)(D) which provides that "a governmental
         unit shall not be required to file a request for the
         payment of an expense described in [11 U.S.C. Section
         503(b)(1)(B) or (C)] as a condition of being an allowed
         administrative expense."  Therefore, the plan cannot be
         confirmed pursuant to 11 U.S.C. Section 1129(a)(1) unless

         or until this provision is corrected;

     (2) the treatment of Administrative Claims because the
         provision does not provide for post-effective date
         interest on Administrative Tax Claims pursuant to
         applicable non-bankruptcy law in the event that any claim

         is not an allowed claim on the Effective Date or
         Distribution Date.  This is an impairment of LDR's claim
         pursuant to 11 U.S.C. Section 1124(1) because it does not
        
         "leave unaltered the legal . . . rights to which such
         claim ... entitles the [LDR]."  As priority tax claims
         are said to be unimpaired and are not classified for
         purposes of voting on the Plan, the Plan cannot be
         confirmed pursuant to 11 U.S.C. Section 1129(a)(1) unless

         this is corrected;

     (3) treatment of Priority Tax Claims, which are not treated
         in accordance with 11 U.S.C. Section 1129(a)(9)(C)
         because it fails to specify a frequency of payment to
         determine whether LDR will receive its claim over five
         years from the petition date such as to be considered
         regular installments.  It is not clear what "in an
         aggregate amount equal to the Allowed Priority Tax Claim"

         means;

     (4) failure of the Plan to provide for post-effective date
         interest on an Allowed Priority Tax Claim as required by  
       
         11 U.S.C. Section 1129(a)(9)(C) and 11 U.S.C. Section
         507(a)(8)(G) which provides that claims for penalties "in

         compensation for actual pecuniary loss" are entitled to  
         priority treatment.  Unless interest is paid from the
         effective date once the claim is allowed, LDR's claim is
         impaired pursuant to 11 U.S.C. Section 1124(1).           
        
         Accordingly, unless this is corrected the Plan cannot be
         confirmed pursuant to 11 U.S.C. Section 1129(a)(1) and
         (9)(C);

     (5) the Plan's failure to provide for post-effective date
         interest on Priority Tax Claims at the applicable non-
         bankruptcy rate; and

     (6) impairment of LDR's claims.

The Objection is available at:

          http://bankrupt.com/misc/nysb16-12220-612.pdf

LDR is represented by:

     Florence Bonaccorso-Saenz, Esq.
     Bankruptcy Counsel, Collections Division
     LOUISIANA DEPARTMENT OF REVENUE       
     617 N. Third Street, Office 780        
     P.O. Box 66658
     Baton Rouge, LA 70802       
     Tel: (225) 219-2083
     Fax: (225) 231-6235       
     E-mail: Florence.Saenz@la.gov

                 About International Shipholding

International Shipholding Corp. filed a Chapter 11 petition
(Bankr. S.D.N.Y. Case No. 16-12220) on July 31, 2016.  Its
affiliated Debtors also filed separate Chapter 11 petitions.  The
petitions were signed by Manuel G. Estrada, vice president and
chief financial officer.

International Shipholding Corp. was engaged in waterborne cargo
transportation and maintained a diversified customer base with
emphasis on medium and long term contracts.  ISH was founded in
1947 when the Johnsen family purchased a Liberty Ship after the
establishment of the War Ship Act of 1946 and became a public
company in 1979.  Through its Debtor and non-Debtor subsidiaries,
International Shipholding now operates a diversified fleet of 21
U.S. and foreign flag vessels that provide domestic and
international maritime transportation services to commercial and
governmental customers primarily under medium to long-term
contracts.  As of the Petition Date, International Shipholding
maintained offices in Mobile, Alabama, New Orleans, Louisiana, New
York, New York, and Tampa, Florida, as well as a network of
agencies in major cities worldwide.

ISH, which was formed as a Delaware corporation in 1978 and became
a public company in 1979, is the ultimate corporate parent of the
International Shipholding family of companies.  International
Shipholding's fleet is operated by ISH's principal Debtor and
non-Debtor subsidiaries, including Central Gulf Lines, Inc.,
Waterman Steamship Corporation, Enterprise Ship Company, Inc.,
U.S. United Ocean Services, LLC, CG Railway, Inc., LCI
Shipholdings, Inc., Sulphur Carriers, Inc., and East Gulf
Shipholding, Inc.  Certain other of ISH's Debtor subsidiaries,
including LMS Shipmanagement, Inc., and N. W. Johnsen & Co., Inc.,
provide ship management, ship charter brokerage, agency and other
specialized services. C.G. Railway Inc., Cape Holding LTD, Dry Bulk
Cape Holding, Inc., East Gulf Shipholding, Inc., MPV Netherlands
C.V., MPV Netherlands Cooperatief U.A., MPV Netherlands B.V., Bulk
Shipholding Inc., and Terminales Transgolfo S.A. de C.V. are not
debtors in these Chapter 11 cases.

The Debtors are represented by David H. Botter, Esq., Sarah Link
Schultz, Esq., and Travis A. McRoberts, Esq., at Akin Gump Strauss
Hauer & Feld LLP.  The Debtors' Restructuring Advisor is Blackhill
Partners, LLC.  Their Claims, Noticing & Balloting Agent is Prime
Clerk LLC.

The Debtors disclosed total assets at $305.1 million and total
debts at $226.8 million as of March 31, 2016.

William K. Harrington, the U.S. Trustee for the Southern District
of New York, on Sept. 1, 2016, appointed three creditors to serve
on the official committee of unsecured creditors of International
Shipholding Corporation.  The committee hires Pachulski Stang Ziehl
& Jones LLP as counsel, and AMA Capital Partners, LLC, as financial
advisor.

On Dec. 28, 2016, the Debtors filed their first amended joint
Chapter 11 plan of reorganization.  Class 7 general unsecured
creditors are expected to recover 7% of their claims, according to
the filing.


INTELLIPHARMACEUTICS INT'L: Incurs $10.1 Million Net Loss in 2016
-----------------------------------------------------------------
Intellipharmaceutics International Inc. reported the results of
operations for the year ended Nov. 30, 2016.

For the fiscal year-ended November 30, 2016 the Company:

  * Announced that RexistaTM is bioequivalent to Oxycontin, and
    has no food effect

  * Secured tentative approval for generic Seroquel XR.  Launch
    planned for first half of 2017

  * Announced partnership agreement with Mallinckrodt with respect

    to:

      generic Seroquel XR

      generic Pristiq

      generic Lamictal XRTM

* Filed NDA for RexistaTM

* Strengthened its cash position and overall financial viability

Dr. Isa Odidi, Chairman and CEO, stated, "In 2016 we laid some
critical groundwork for the Company, which culminated in a major
partnership announcement with Mallinckrodt and the filing of an NDA
for Rexista.  This momentum continues into our first quarter of
2017 with the reporting of three key developments: the issuance of
patents for our PODRAS overdose prevention technology by the U.S.
and Canadian patent offices, the launch of two additional generic
Focalin XR strengths with first filer rights by our partner Par,
and the FDA acceptance of our Rexista NDA application granting us a
PDUFA date of September 25, 2017.  I am confident that 2017 will be
a transformative year for Intellipharmaceutics as we expect a
significant increase in revenues due to the additional generic
Focalin XR strengths, the anticipated revenues from the launch of
generic Seroquel XR on expiry of the first filers' exclusivity
period and continued progress in our RexistaTM NDA candidate."

Corporate Developments

In February 2017, the U.S. Food and Drug Administration accepted
for filing the Company's previously-announced 505(b)(2) New Drug
Application seeking authorization to market its RexistaTM
(abuse-deterrent oxycodone hydrochloride extended release tablets)
in the 10 mg, 15 mg, 20 mg, 30 mg, 40 mg, 60 mg and 80 mg
strengths.  The FDA has determined that the Company's application
is sufficiently complete to permit a substantive review, and has
set a target action date under the Prescription Drug User Fee Act
of Sept. 25, 2017.  The submission is supported by pivotal
pharmacokinetic studies that demonstrated that RexistaTM is
bioequivalent to OxyContin (oxycodone hydrochloride extended
release).  The submission also includes abuse-deterrent studies
conducted to support abuse-deterrent label claims related to abuse
of the drug by various pathways, including oral, intra-nasal and
intravenous, having reference to the FDA's "Abuse-Deterrent Opioids
-- Evaluation and Labelling" guidance published in April 2015.

In January 2017, the Company's U.S. marketing partner, Par
Pharmaceutical Inc., launched the 25 and 35 mg strengths of its
generic Focalin XR (dexmethylphenidate hydrochloride
extended-release) capsules in the U.S., complementing the 15 and 30
mg strengths of the Company's generic Focalin XR currently marketed
by Par.  The FDA recently granted final approval to Par's
Abbreviated New Drug Application for its generic Focalin XR
capsules in the 5, 10, 15, 20, 25, 30, 35 and 40 mg strengths.  We
expect sales of the 25 and 35 mg strengths to significantly improve
our revenues in 2017.  As the first filer of an ANDA for generic
Focalin XR in the 25 and 35 mg strengths, Par has 180 days of U.S.
generic marketing exclusivity for these strengths.  The Company
believes Par is preparing to launch all the remaining strengths in
the first half of 2017.

In December 2016, U.S. Patent No. 9,522,119 and Canadian Patent No.
2,910,865 were issued by the U.S. Patent and Trademark Office and
the Canadian Intellectual Property Office in respect of
"Compositions and Methods for Reducing Overdose".  The issued
patents cover aspects of the Company's Paradoxical OverDose
Resistance Activating System delivery technology, which is designed
to prevent overdose when more pills than prescribed are swallowed
intact.  Preclinical studies of prototypes of oxycodone with
PODRASTM technology suggest that, unlike other third-party
abuse-deterrent oxycodone products in the marketplace, if more
tablets than prescribed are deliberately or inadvertently
swallowed, the amount of drug active released over 24 hours may be
substantially less than expected.  However, if the prescribed
number of pills is swallowed, the drug release should be as
expected.  The issuance of these patents provides the Company the
opportunity to accelerate its PODRAS development plan by pursuing
proof of concept studies in humans.  The Company intends to
incorporate this technology in an alternate RexistaTM product
candidate.

In October 2016, the Company entered into a license and commercial
supply agreement with Mallinckrodt LLC, granting Mallinckrodt an
exclusive license to market, sell and distribute in the U.S. the
following extended release drug product candidates for which the
Company has ANDAs filed with the FDA:

   * Quetiapine fumarate extended-release tablets (generic
     Seroquel XR) -- ANDA Tentatively Approved by FDA

   * Desvenlafaxine extended-release tablets (generic Pristiq) --
     ANDA Under FDA Review

   * Lamotrigine extended-release tablets (generic Lamictal XR) --
     ANDA Under FDA Review

Under the terms of this 10-year agreement, the Company received a
non-refundable upfront payment of $3 million.  The agreement also
provides for a long-term profit sharing arrangement (which includes
up to $11 million in cost recovery payments to the Company).  The
Company has agreed to manufacture and supply the licensed products
exclusively for Mallinckrodt on a cost plus basis.

In October 2016, the Company received tentative approval from the
FDA for its ANDA for quetiapine fumarate extended-release tablets
in the 50, 150, 200, 300 and 400 mg strengths.  The Company was
permitted to launch its generic versions of the 50, 150, 200, 300
and 400 mg strengths of generic Seroquel XR, on Nov. 1, 2016,
subject to FDA final approval of the Company's ANDA for those
strengths.  Such FDA final approval is subject to a 180 day
exclusivity period relating to a prior filer or filers of a generic
equivalent of the branded product.  The first filer rights are
shared by Par and Accord Healthcare.  The Company believes that in
early November 2016, Par launched the 50, 100, 200, and 300 mg
strengths, and Accord launched the 400 mg strength.  The Company
and its marketing and distribution partner for generic Seroquel XR
in the U.S., Mallinckrodt, are working diligently towards a launch
of all such strengths upon final FDA approval.

In July 2016, the FDA completed its review of its previously
requested waiver of the NDA user fee related to its RexistaTM NDA
product candidate.  The FDA, under the small business waiver
provision section 736(d)(1)(D) of the Federal Food, Drug, and
Cosmetics Act, granted the Company a waiver of the $1,187,100
application fee for RexistaTM.

In July 2016, the Company announced the results of a food effect
study conducted on its behalf for RexistaTM.  The study showed that
RexistaTM can be administered with or without a meal (i.e., no food
effect).  RexistaTM met the bioequivalence criteria (90% confidence
interval of 80% to 125%) for all matrices, involving maximum plasma
concentration and area under the curve (i.e., Cmax ratio of
RexistaTM taken under fasted conditions to fed conditions, and AUC
metrics taken under fasted conditions to fed conditions).  The
Company believes that RexistaTM is well differentiated from
currently marketed oral oxycodone extended release products.

In June 2016, the Company completed an underwritten public offering
of 3,229,814 units of common shares and warrants, at a price of
$1.61 per unit.  The warrants are currently exercisable, have a
term of five years and an exercise price of $1.93 per common share.
The Company issued at the initial closing of the offering an
aggregate of 3,229,814 common shares and warrants to purchase an
additional 1,614,907 common shares.  The underwriter also purchased
at such closing additional warrants to acquire 242,236 common
shares pursuant to the over-allotment option exercised in part by
the underwriter.  The Company subsequently sold an aggregate of
459,456 additional common shares at the public offering price of
$1.61 per share in connection with subsequent partial exercises of
the underwriter's over-allotment option.  The closings of these
partial exercises brought the total net proceeds from the offering
to approximately $5.1 million, after deducting the underwriter's
discount and offering expenses.

In February 2016, the Company announced that the FDA granted final
approval of its ANDA for levetiracetam extended release tablets for
the 500 and 750 mg strengths.  The Company's approved product is
the generic equivalent of the branded product Keppra XR.  Keppra
XR, and the drug active levetiracetam, are indicated for use in the
treatment of partial onset seizures associated with epilepsy.  The
Company is actively exploring the best approach to commercialize
the product.

In January 2016, the Company announced that pivotal bioequivalence
trials of the Company's RexistaTM, dosed under fasted and fed
conditions, had demonstrated bioequivalence to Oxycontin (oxycodone
hydrochloride) extended release tablets.  The study design was
based on FDA recommendations and compared the lowest and highest
strengths of exhibit batches of the Company's RexistaTM to the same
strengths of Oxycontin.  The results show that the ratios of the
pharmacokinetic metrics, Cmax, AUC0-t and AUC0-f for RexistaTM vs.
Oxycontin, are within the interval of 80% - 125% required by the
FDA with a confidence level exceeding 90%.

The Company is unable to state or estimate an actual launch date of
any or all remaining strengths of Par's generic Focalin XR.  In
addition, there can be no assurance as to when or if any of the
above-mentioned licensed products will receive final FDA approval
or that, if so approved, the licensed products will be successfully
commercialized and produce significant revenues for us.  Also,
there can be no assurance that we will not be required to conduct
further studies for RexistaTM, that the FDA will ultimately approve
the NDA for the sale of RexistaTM in the U.S. market, or that it
will ever be successfully commercialized, that our approved generic
of Keppra XR will be successfully commercialized, that we will be
successful in submitting any additional ANDAs, Abbreviated New Drug
Submissions or NDAs with the FDA or similar applications with
Health Canada, that the FDA or Health Canada will approve any of
its current or future product candidates for sale in the U.S.
market and Canadian market, or that they will ever be successfully
commercialized and produce significant revenue for us.

                  Full Year Financial Results

The Company recorded revenues of $2.2 million for the year ended
Nov. 30, 2016, versus $4.1 million for the year ended Nov. 30,
2015. For the year ended Nov. 30, 2016, the Company recognized
licensing revenue of $2.2 million from commercial sales of 15 and
30 mg strengths of generic Focalin XR capsules under the Par
agreement.  The decrease in revenues is primarily due to increased
competition and a softening of pricing conditions for its generic
Focalin XR capsules.  A fifth generic competitor entered the market
in the second half of 2015, resulting in increased price
competition and lower market share.  Based on the most recent two
month trend, its market share for the 15 and 30 mg strengths is
approximately 30% for the combined strengths.  In addition, during
the year ended Nov. 30, 2016, the Company received a non-refundable
up-front payment of $3.0 million from Mallinckrodt pursuant to the
Mallinckrodt agreement, of which $37,500 was recognized as revenue,
with the balance to be deferred and recognized as revenue over the
expected 10 year term of the contract.

The Company recorded net loss for the year ended Nov. 30, 2016, of
$10.1 million or $0.38 per common share, compared with a net loss
of $7.4 million or $0.31 per common share for the year ended
Nov. 30, 2015.  In the year ended Nov. 30, 2016, the higher net
loss is primarily attributed to lower licensing revenues from
commercial sales of generic Focalin XR for 2016.  To a lesser
extent, the higher loss for the 2016 period was due to the accrual
of management bonuses and additional compensation costs related to
vested performance options as a result of the FDA approval of
generic Keppra XR and the Company's shareholders approving an
extension of the expiry date of the performance based stock
options. In the year ended Nov. 30, 2015, the net loss is
attributed to the ongoing R&D and selling, general and
administrative expense, partially offset by licensing revenue.

Research and development expenditures in the year ended Nov. 30,
2016, were $8.2 million compared to $7.3 million in the year ended
Nov. 30, 2015.  The increase is primarily due to higher stock
option compensation expense as a result of certain performance
based stock options vesting upon FDA approval of generic Keppra XR,
and additional compensation costs related to vested performance
options as a result of the Company's shareholders approving a two
year extension of the expiry date of the performance-based options
from September 2016 to September 2018, partially offset by lower
spending for ongoing R&D work.

Selling, general and administrative expenses were $3.5 million for
the year ended Nov. 30, 2016 in comparison to $3.6 million for the
year ended Nov. 30, 2015.  The decrease is due to a decrease in
administrative costs and marketing costs, offset by an expense for
management bonuses.  There were no management bonuses paid in the
prior year.

The Company had cash of $4.1 million as at Nov. 30, 2016 compared
to $1.8 million as at Nov. 30, 2015, and compared to $4.2 million
as at Nov. 30, 2014.  The increase in cash during the year ended
Nov. 30, 2016, was mainly a result of an increase in cash flows
provided from financing activities which were mainly from the
Company's underwritten public offering and common share sales under
the Company's at-the-market offering program, and the receipt of a
non-refundable upfront payment of $3.0 million under the
Mallinckrodt agreement, partially offset by lower cash receipts
relating to commercialized sales of our generic Focalin XR and a
reduction in accounts payable and accrued liabilities.
  
As of Feb. 9, 2017, the Company's cash balance was $2.9 million. We
currently expect to satisfy its operating cash requirements until
June 2017 from cash on hand.  The Company may need to obtain
additional funding prior to that time as we pursue the development
of its product candidates and if it accelerates its product
commercialization activities.  If necessary, the Company expects to
utilize our at-the-market offering program to bridge any funding
shortfall in the first and second quarters of 2017. In the second
half of fiscal 2017, the Company expects revenues to improve as it
prepares for the launch of its tentatively approved generic
Seroquel XR (quetiapine fumarate extended release tablet) on the
expiry of Par's and Accord's first filer exclusivity periods in May
2017, although there can be no assurance as to when or if any
launch will occur, or if generic Seroquel XR® will be successfully
commercialized.

As of Nov. 30, 2016, Intellipharmaceutics had $7.97 million in
total assets, $6.85 million in total liabilities and $1.11 million
in shareholders' equity.

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

                       https://is.gd/nwX8K4

                    About Intellipharmaceutics

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

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

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


INTERIOR LOGIC: Moody's Assigns B2 Corporate Family Rating
----------------------------------------------------------
Moody's Investors Service assigned a Corporate Family Rating
("CFR") of B2 to Interior Logic Group, Inc. and a B3 rating to
ILG's new $255 million, seven-year Term Loan B. In the same rating
action, Moody's assigned a Probability of Default of B2-PDR. The
rating outlook is stable. This is the first time Moody's has rated
ILG.

Proceeds of the Term Loan B, together with new equity of
approximately $101 million by Platinum Equity and rolled equity of
about $46 million by ILG's management, will be used to purchase ILG
from management and MSouth Equity Partners and to fund the
simultaneous acquisition of CriterionBrock by ILG.

The following ratings were assigned:

Corporate Family Rating of B2

Probability of Default of B2-PD

$255 million, seven-year Term Loan B rating of B3 (LGD4)

Stable rating outlook

RATINGS RATIONALE

The B2 Corporate Family Rating reflects ILG's small size and scale,
limited history in its current configuration, the roll up nature of
the company together with the attendant integration and financial
risks, the heavily volatile, cyclical, and working capital
intensive nature of the homebuilding industry which ILG primarily
serves, and the company's negative tangible net worth, which
reflects a large amount of goodwill and intangibles as compared to
its overall size.

At the same time, the B2 CFR acknowledges the bottom line
profitability of ILG, which is not terribly common for a B2 rated
company, the company's fairly regular free cash flow generation,
healthy pro forma interest coverage for a B2, and the opportunity
for a recapitalized and financially revitalized ILG to take
advantage of the very fragmented nature of its industry.

The stable ratings outlook reflects Moody's expectation that debt
leverage, which will probably always be affected by the company's
active acquisition strategy, will remain supportive of a B2 rating
and that bottom line profitability will continue for at least the
next two years.

The rating and outlook would benefit from a sizable increase in the
company's size and scale, continued success at integrating its
numerous acquisitions, debt leverage of below 4.0x, interest
coverage of above 3.5x, and healthy liquidity.

The rating and outlook would be stressed if debt leverage rose
above 5.5x, interest coverage dropped below 2x, liquidity became
impaired, the home building industry were to enter a new recession,
or integration problems were to surface.

ILG has adequate liquidity when looking out over the next 12 to 18
months. It carries very little cash but offsets that with
consistently positive free cash flow generation and a $45 million,
five-year ABL, which is expected to be undrawn at the closing of
ILG's recapitalization (buyout by management and Platinum Equity
and simultaneous acquisition of CriterionBrock). The company is
financing these transactions with a $46 million rollover of
management equity, a $101 million cash investment by Platinum
Equity, and a $255 million, seven-year Term Loan B. The Term Loan
is expected to carry a number of debt incurrence covenants but no
maintenance covenants, while the ABL will have a springing 1:1
fixed charges covenant. The ABL will carry a first lien on ILG's
receivables and inventories while the Term Loan B will carry a
first lien on the company's remaining assets.

The Term Loan B rating of B3, which is one notch below the CFR of
B2, reflects the presence in the capital structure of the $45
million, five-year ABL, which is expected to be undrawn at the
closing of the buyout of ILG and simultaneous purchase of
CriterionBrock. The ABL will carry a first lien on ILG's best
assets, i.e., its receivables and inventories, while the Term Loan
B will carry a first lien on the company's remaining assets,
essentially putting the Term Loan B in a junior position within the
capital structure.

Headquartered in Atlanta, GA, ILG began in its current
configuration in 2013 when Mark Fikse, the current CEO, and MSouth
Equity Partners, a private equity company, purchased Arizona-based
Interior Logic, which itself began in 2007. Through at least seven
acquisitions in 2014, 2015, and 2016, ILG has become the #2
subcontractor (a private company named Interior Specialists, Inc.
is #1) to homebuilders of what it calls 'interior finishes
solutions.' Among other services to homebuilders, ILG operates
design studios on their behalf in select markets and acts as a
contractor to homebuilders over various subcontractors in the
flooring, cabinets, countertops, and window coverings spaces.

In January 2017, Platinum Equity Equity Partners, a private equity
company, signed an agreement to acquire ILG while at the same time
ILG is acquiring a company called CriterionBrock (founded 1982),
which provides flooring products and services. Pro forma for these
two transactions as well as for the seven prior acquisitions in
which the former owners rolled some equity into ILG, management
will own 31% of ILG and Platinum Equity 69%.

Also pro forma for the CriterionBrock acquisition, ILG moves from
being essentially 100% tied to homebuilding to a mix of 71%
homebuilding, 17% multifamily repair and remodeling, and 12%
commercial/other. For 2016, pro forma revenues of $512 million are
geographically derived from the West (CA, WA, OR), Central (AZ, CO,
TX, NM), and East (FL and parts of the Southeast). In Texas, which
is a large homebuilding market, ILG is only in multifamily repair
and remodeling.

The principal methodology used in these ratings was Distribution &
Supply Chain Services Industry published in December 2015.


INTERNATIONAL SHIPHOLDING: IRS Tries to Block Plan Confirmation
---------------------------------------------------------------
The United States of America, acting on behalf of the Internal
Revenue Service, filed with the U.S. Bankruptcy Court for the
Southern District of New York an objection to International
Shipholding Corp.'s first amended joint Chapter 11 plan of
reorganization.

The Government claims that Section 2.1.2 of the Plan improperly
requires the IRS to file requests for payment of administrative
expenses as a condition for such administrative expenses to be
paid.

The Government objects to Section 2.1.2 of the Plan, and requests
this be added to that section as a new final paragraph:

     Notwithstanding this section or any other provision of this
     Plan, the United States of America and its agencies,
     including the Internal Revenue Service, will not be required
     to file any request for payment of an Administrative Expense
     Claim as a condition to allowance of that Administrative
     Expense Claim, as provided in 11 U.S.C. Section 503(b)(1)(D).

     Any failure of the Debtors to pay a liability for an
     Administrative Expense Claim will in no way result in a
     release or in any manner frustrate the efforts, rights, or
     abilities of the United States of America and its agencies,
     including the IRS, to purse collection of the liability
     pursuant to Title 26 of the United States Code.

According to the Government, the Plan in its Section 7.5 also
improperly fails to provide for payment of postpetition interest on
priority claims of the IRS under the government rate.  The
Government requests that a second paragraph be added to section 7.5
of the Plan, stating:

     Notwithstanding the foregoing paragraph or any other
     provision of this Plan, the United States of America and its
     agencies, including the IRS, will be entitled to interest
     accruing on its Priority Tax Claims on or after the Petition
     Date, determined in accordance with 11 U.S.C. Section 511.
     The Plan does not discharge any debt due the United States
     not dischargeable under applicable federal law.

The Plan, says the Government, also violates 11 U.S.C. Section
1129(a)(9)(C) in that it does not provide any schedule for making
installment payments.  Section 1129(a)(9)(C) clearly indicates that
debtors will make "regular installment payments in cash" on a fixed
schedule.  Payments should not be left to the Debtor's sole
discretion.  Indeed, Debtors could theoretically wait years before
making any payments to the IRS under the Plan.

The Government objects to a portion of Section 11.5.5 of the Plan,
which does not include an adequate police and regulatory exception.


The Objection is available at:

          http://bankrupt.com/misc/nysb16-12220-622.pdf

                 About International Shipholding

International Shipholding Corp. filed a Chapter 11 petition (Bankr.
S.D.N.Y. Case No. 16-12220) on July 31, 2016. Its affiliated
Debtors also filed separate Chapter 11 petitions. The petitions
were signed by Manuel G. Estrada, vice president and chief
financial officer.

International Shipholding Corp. was engaged in waterborne cargo
transportation and maintained a diversified customer base with
emphasis on medium and long term contracts.  ISH was founded in
1947 when the Johnsen family purchased a Liberty Ship after the
establishment of the War Ship Act of 1946 and became a public
company in 1979.  Through its Debtor and non-Debtor subsidiaries,
International Shipholding now operates a diversified fleet of 21
U.S. and foreign flag vessels that provide domestic and
international maritime transportation services to commercial and
governmental customers primarily under medium to long-term
contracts.  As of the Petition Date, International Shipholding
maintained offices in Mobile, Alabama, New Orleans, Louisiana, New
York, New York, and Tampa, Florida, as well as a network of
agencies in major cities worldwide.

ISH, which was formed as a Delaware corporation in 1978 and became
a public company in 1979, is the ultimate corporate parent of the
International Shipholding family of companies.  International
Shipholding's fleet is operated by ISH's principal Debtor and
non-Debtor subsidiaries, including Central Gulf Lines, Inc.,
Waterman Steamship Corporation, Enterprise Ship Company, Inc., U.S.
United Ocean Services, LLC, CG Railway, Inc., LCI Shipholdings,
Inc., Sulphur Carriers, Inc., and East Gulf Shipholding, Inc.
Certain other of ISH's Debtor subsidiaries, including LMS
Shipmanagement, Inc., and N. W. Johnsen & Co., Inc., provide ship
management, ship charter brokerage, agency and other specialized
services. C.G. Railway Inc., Cape Holding LTD, Dry Bulk Cape
Holding, Inc., East Gulf Shipholding, Inc., MPV Netherlands C.V.,
MPV Netherlands Cooperatief U.A., MPV Netherlands B.V., Bulk
Shipholding Inc., and Terminales Transgolfo S.A. de C.V. are not
debtors in these Chapter 11 cases.

The Debtors are represented by David H. Botter, Esq., Sarah Link
Schultz, Esq., and Travis A. McRoberts, Esq., at Akin Gump Strauss
Hauer & Feld LLP. The Debtors' Restructuring Advisor is Blackhill
Partners, LLC.  Their Claims, Noticing & Balloting Agent is Prime
Clerk LLC.

The Debtors disclosed total assets at $305.1 million and total
debts at $226.8 million as of March 31, 2016.

William K. Harrington, the U.S. Trustee for the Southern District
of New York, on Sept. 1, 2016, appointed three creditors to serve
on the official committee of unsecured creditors of International
Shipholding Corporation.  The committee hires Pachulski Stang Ziehl
& Jones LLP as counsel, and AMA Capital Partners, LLC, as financial
advisor.

On Dec. 28, 2016, the Debtors filed their first amended joint
Chapter 11 plan of reorganization.  Class 7 general unsecured
creditors are expected to recover 7% of their claims, according to
the filing.


JASON HOLDINGS: Moody's Lowers Corporate Family Rating to Caa1
--------------------------------------------------------------
Moody's Investors Service downgraded Jason Holdings, Inc. I's
Corporate Family Rating (CFR) to Caa1 from B3; Probability of
Default Rating (PDR) to Caa1-PD from B3-PD; the company's
first-lien senior secured credit facilities, consisting of a $40
million revolver expiring in 2019 and a $310 million term loan due
2021, to B3 from B2; the company's $110 million second-lien senior
secured term loan due 2022 to Caa3 from Caa2. Jason's rating
outlook changed to negative. Speculative Grade Liquidity (SGL)
rating remains unchanged at SGL-3.

The rating action was based on continued deterioration in Jason's
financial performance partially due to the challenges in its end
markets and uncertainty surrounding the company's ability to
improve its performance in the near to medium term. The uncertainty
primarily stems from the company's persisting operational
challenges across different divisions as well as declining margins
in the better performing acoustics division. Moody's projects that
Jason's high debt-to-EBITDA leverage (6.2x LTM 09/30/2016
incorporating Moody's standard adjustments) will increase to above
7.0x in the next 12 months.

Jason Holdings, Inc. I ("Jason") is the parent of the borrower,
Jason Incorporated.

Moody's took the following specific actions on Jason:

Ratings Downgraded:

Issuer: Jason Holdings, Inc. I

Corporate Family Rating, to Caa1 from B3

Probability of Default Rating, to Caa1-PD from B3-PD

Issuer: Jason Incorporated

$40 Million Senior Secured First-Lien Revolving Credit Facility due
2019, to B3 (LGD3) from B2 (LGD3)

$310 Million Senior Secured First-Lien Term Loan due 2021, to B3
(LGD3) from B2 (LGD3)

$110 Million Senior Secured Second-Lien Term Loan due 2022, to Caa3
(LGD5) from Caa2 (LGD5)

Outlook, changed to Negative from Stable

Speculative Grade Liquidity Rating, remains unchanged at SGL-3

RATINGS RATIONALE

Jason's Caa1 Corporate Family Rating reflects its moderate size,
high leverage, and exposure to cyclical end markets, as well as
challenges growing the top line and intermittent operational
inefficiencies that have negatively impacted its profitability,
most recently in the seating and auto acoustics segments. These
risks are partially mitigated by the company's good market position
across several businesses. Moody's expects that Jason will
experience organic revenue declines in mid-single digits and
profitability will be challenged as competition intensifies in some
of Jason's key markets. However, Moody's anticipates that the
company will continue to generate positive free cash flow in the
next 12 months. Debt-to-EBITDA leverage of 6.2 times (LTM
09/30/2016 incorporating Moody's standard adjustments) will
increase to above 7.0x in the next 12 months.

The negative rating outlook reflects Moody's view that the
company's revenues will continue to decline in mid-single digits
and intense competition in Jason's select markets will continue to
put pressure on the company's profitability and free cash flow
generation. Negative outlook also incorporates increased likelihood
of distressed exchange.

The ratings could be downgraded if the company's operating
performance deteriorates further due to the unexpected challenges
in the operating environment or due to continued operational
issues, resulting in reduced profitability and increased leverage.
A worsened liquidity profile could also result in a downgrade.

The ratings could be upgraded if the company realizes sufficient
improvements in earnings, approaching debt-to-EBITDA leverage to
6.0x, and maintains an adequate liquidity position.

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

Jason Incorporated, headquartered in Milwaukee, Wisconsin, is a
diversified manufacturing company serving industrial (44% of FYE
2015 revenue), auto (38%) and other industries. Its products
include finishing (industrial brushes, buffing wheels and
compounds), seating (static and suspension seating for motorcycle,
construction, agricultural, lawn and turf-care equipment),
acoustics (fiber-based acoustical insulation products for the auto
industry) and components (metal, rail safety and other). Revenue
for the 12 months ended September 30, 2016 was approximately $721
million.



JO-JO HOLDINGS: Creditors' Panel Hires Carrington as Local Counsel
------------------------------------------------------------------
The Official Committee of Unsecured Creditors of Jo-Jo Holdings,
Inc., et al., seeks authorization from the U.S. Bankruptcy Court
for the Northern District of Texas to retain Carrington, Coleman,
Sloman & Blumenthal, LLP as local Texas counsel for the Committee,
nunc pro tunc to January 5, 2017.

The Committee requires CCSB to:

     a. attend (or participate telephonically in) certain of the
meetings of the Committee, at the request of lead counsel or
Committee chair;

     b. review financial information furnished by the Debtors to
the Committee, at the request of lead counsel or Committee chair;

     c. confer with the Debtors, management, counsel, or other
professionals, at the request of lead counsel or Committee chair;

     d. advise the Committee as to the ramifications regarding all
of the Debtors' activities and motions before this Court, at the
request of lead counsel or Committee chair

     e. file appropriate pleadings on behalf of the Committee, as
directed by lead counsel or Committee chair;

     f. provide the Committee with legal advice in relation to the
cases, at the request of lead counsel or Committee chair; and

     g. perform other legal services for the Committee as may be
requested by lead counsel or Committee chair and necessary or
proper in these proceedings.

CCSB lawyers and professionals who will work on the Debtors' cases
and their hourly rates are:

     J. Michael Sutherland, Partner     $570
     Lisa M. Lucas, Associate           $380
     Ronnie Bradshaw, Paralegal         $225

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

J. Michael Sutherland, Esq., partner with the law firm of
Carrington, Coleman, Sloman & Blumenthal, LLP, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

CCSB can be reached at:

     J. Michael Sutherland, Esq.
     Lisa M. Lucas, Esq.
     Carrington, Coleman, Sloman & Blumenthal, L.L.P.
     901 Main St., Suite 5500
     Dallas, TX 75202
     Telephone: 214-855-3000
     Facsimile: 214-758.3788
     Email: msutherland@ccsb.com
            lucas@ccsb.com

                    About Jo-Jo Holdings

Jo-Jo Holdings, Inc., and its affiliates filed Chapter 11
petitions(Bankr. N.D. Tex. Lead Case No. 16-44337) on November 9,
2016. The Debtors are represented by Katherine T. Hopkins, Esq.,
Michael A. McConnell, Esq., Nancy Ribaudo, Esq., and Clay M.
Taylor, Esq., at Kelly Hart & Hallman LLP.

The Debtors have hired A. McConnell as consultant.

The Office of the U.S. Trustee on Dec. 30, 2016, appointed three
creditors to serve on the official committee of unsecured
creditors.

In their petitions, the Debtors estimated assets and liabilities:

Jo-Jo Holdings, Inc. listed under $50,000 in assets and $1 million
to $10 million in liabilities.  Backwoods Retail, Inc. listed $1
million to $10 million in assets, and $10 million to $50 million in
liabilities.  Backwoods Adventures, Inc. listed under $50,000 in
assets and under $1 million in liabilities.

The petitions were signed by Jennifer Mull Neuhaus, president.


KANE CLINICS: Unsecured Creditors to be Paid 21.6% Under Exit Plan
------------------------------------------------------------------
Unsecured creditors of The Kane Clinics LLC will be paid 21.6% of
their claims, according to the company's proposed plan to exit
Chapter 11 protection.

Under the plan, Class 13 general unsecured creditors will get a
pro-rata share of $286,000 or 21.6% of their claims.  They will
receive 52 quarterly payments of $5,500 each, starting on the 30th
day of the last month of the first quarter following the effective
date of the plan.

Allowed general unsecured claims are estimated at $1.32 million.

The source of funds for the payments is the continued operation of
the company's clinics Doraville, Norcross, and Sandy Springs,
Georgia, according to its disclosure statement filed on Feb. 7 with
the U.S. Bankruptcy Court for the Northern District of Georgia.

A copy of the disclosure statement is available for free at:

                    https://is.gd/M8bHwv

                   About The Kane Clinics

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

The Debtor filed a Chapter 11 petition (Bankr. N.D. Ga. Case No.
16-72304) on Dec. 14, 2016.  The petition was signed by Maria
Francis, CEO & member.  The Debtor hired Leslie M. Pineryo, Esq.,
at Jones & Walden LLC, as legal counsel, and Michael Marks serve as
accountant.

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

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


LE GRAND NYC: Taps Shafferman & Feldman as Legal Counsel
--------------------------------------------------------
Le Grand NYC Inc. seeks approval from the U.S. Bankruptcy Court for
the Southern District of New York to hire Shafferman & Feldman LLP
as its legal counsel.

The Debtor tapped the firm to give legal advice regarding its
duties under the Bankruptcy Code, negotiate with creditors, assist
in the preparation of a bankruptcy plan, and provide other legal
services.

Joel Shafferman, Esq., the attorney designated to represent the
Debtor, will charge $400 per hour for his services.

In a court filing, Mr. Shafferman disclosed that he and his firm
are "disinterested persons" as defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Joel M. Shafferman, Esq.
     Shafferman & Feldman LLP
     137 Fifth Avenue, 9th Floor
     New York, NY 10010
     Phone: 212-509-1802
     Email: joel@shafeldlaw.com

                       About Le Grand NYC

Le Grand NYC Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 17-10151) on January 25,
2017.  The petition was signed by Mirso Lekic, president.  

At the time of the filing, the Debtor estimated assets of less than
$50,000 and liabilities of less than $500,000.


LIFSCHULTZ ESTATE: Lawrence Lifschultz Opposes Plan Disclosures
---------------------------------------------------------------
Lawrence S. Lifschultz filed with the U.S. Bankruptcy Court for the
Southern District of New York a second objection to the disclosure
statement in connection with the Debtor's liquidating Chapter 11
plan dated Nov. 21, 2016.

Mr. Lifschultz believes that, through an 1104 Motion or a
conversion to Chapter 7, an independent trustee should be put
charge of any sale of the asset of the Debtor.  

Mr. Lifschultz says that, as the Debtor is the alter ego of David
Lifschultz and Bruce Abbott who prior to the transfer took the form
of their interest in the Estate of Sidney B. Lifschultz, their
interest in any equity of the LLC should be subordinated to the
secured creditors of the Estate who can convincingly establish
their claims.  Mr. Lifschultz alleges that the transfer was a form
of theft.

"After more than a decade of asset stripping, the only significant
asset of the Estate and the only asset of the LLC are one and the
same.  Just as they should not take anything from the Estate for
their misconduct, they should receive nothing here in the
bankruptcy proceeding as equity holders in the Debtor.  David
Lifschultz and Bruce Abbott should not be allowed to make use of
this proceeding to perpetuate their fraud.  While their immediate
object in transferring the asset from the Estate to the LLC may
have been to stay an imminent foreclosure sale, their ultimate
objective is to achieve another objective in this proceeding by
using the bankruptcy court as a tool to accomplish their fraud,"
Mr. Lifschultz says.

Mr. Lifschultz claims that the claim of the LSF9 Master
Participation Trust as a "secured claim" which the Debtor has
calmly, almost warmly, acquiesced to and granted "Class 1 - Secured
Claim" in its reorganization plan is neither verifiable nor lawful.
The Debtor states that this claim is the "approximate amount" of
$10,161,208.  

The Debtor, says Mr. Lifschultz, accepts uncritically this claim
even though it notes that in August 2009 First Republic's
foreclosure action "had an obligation to fund the Lifschultz Estate
for its maintenance and upkeep expenses and failed to so, thereby
breaching the terms of the mortgage and leading to the premature
foreclosure action."

"The Bank itself breached its own contract that actually funded the
monthly mortgage payment while the Executors of the Estate were
supposed to be making every effort to sell the property.  I was
co-executor at the time and sought to oppose the foreclosure on the
basis of this breach of contract," Mr. Lifschultz states.

According to Mr. Lifschultz, the Counsel for the Debtor also fails
to note in his Disclosure Statement that David Lifschultz who had
left for Dubai categorically refused to file an answer to the
Bank's foreclosure motion.  

Mr. Lifschultz says that the counsel for the Debtor claims in the
Disclosure Statement claims that "my father's will gave Bruce
Abbott two out of four shares of the Estate.  This is completely
false.  At the age of 89 my father's will was revised while I was
out of the country as a Fulbright Scholar based in Islamabad,
Pakistan.  When I came home, my father explained to me that there
had been a concern that my sister (Bruce Abbott's mother) who was
emotionally disabled might live a long life and as result there
might not be a fair distribution left for Bruce.  An accommodation
had been made for this possibility.  However, when I read the will
I discovered that my father had been misled.  In fact, at the time
my sister, Marsha, was dying of lung cancer.  I had with my
father's cooperation brought her to Connecticut so my wife and I
could look after her.  Under these circumstances Marsha's share of
the Estate would amply satisfy the condition where each sibling and
their progeny would receive a one third share of the Estate.  (My
father was a firm believer in equality of distribution among
siblings.)  I explained to my father that his view was not what was
written in the revised will."

"Counsel for the Debtor also claims that my 'interest in the
property was assigned to David Lifschutz pursuant to a decision and
order' by the Surrogate's Court.  This is also untrue.  David
failed to comply with numerous terms of the Settlement Agreement.
Furthermore, David's Financial Disclosure Statement upon
investigation and scrutiny has proven to be fraudulent," Mr.
Lifschutz adds.

The Objection is available at:

           http://bankrupt.com/misc/nysb16-23144-46.pdf

As reported by the Troubled Company Reporter on Dec. 9, 2016, the
Debtor filed with the Court a disclosure statement in connection
with the Debtor's liquidating Chapter 11 plan dated Nov. 21, 2016.
Holders of Allowed Class 3 Unsecured Claims will receive a pro rata
portion of the remaining distribution fund, if any, after the
payment of all administrative, priority, post-Effective Date legal
fees and Class 1 and Class 2 Allowed Secured Claims in full, within
10 business days of the sale closing date, up to 100% of their
allowed claims, with no interest thereon.  Class 3 Allowed
Unsecured Claims are impaired and are permitted to vote on the
Plan.  Other than the potential Class 3 deficiency Unsecured Claim
of Larry Lifschultz, the Debtor believes that there are no Allowed
Class 3 Claims.

Mr. Lifschultz is represented by:

     Lawrence Lifschultz, Creditor
     Acting Pro Se
     14 Squaw Brook Road
     Branford, CT 06405
     Tel: (203) 640-1915

                     About Lifschultz Estate

Lifschultz Estate Management LLC is a member managed limited
liability company organized under New York law.  The two members of
the Debtor are Bruce Abbott and his uncle, David Lifschultz.  The
Debtor is the deed holder of a four acre parcel of real property
located at 220 Hommocks Road, Larchmont, New York 10538.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S. D. N.Y. Case No. 16-23144) on Aug. 23, 2016.  The
petition was signed by Bruce S. Abbott, managing member.  

The case is assigned to Judge Robert D. Drain.

At the time of the filing, the Debtor estimated its assets and
liabilities at $10 million to $50 million.

Jonathan S. Pasternak, Esq., at Delbello Donnellan Weingarten Wise
& Wiederkehr, LLP, serves as the Debtor's bankruptcy counsel.


LOUISIANA MEDICAL: Health Agency Wants Case Transferred
-------------------------------------------------------
Jeff Montgomery, writing for Bankruptcy Law360, reports that
Louisiana's health agency on Feb. 10, 2017, called for the transfer
of Louisiana Medical Center and Heart Hospital LLC's Chapter 11
case from Delaware to a home state court.  

According to Law360, regulators said they need better access while
supervising the facility's planned closure.

Law360 relates that the Debtor's owners also want the transfer.  

                   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 bankruptcy protection in the U.S.
Bankruptcy Court for the District of Delaware on Jan. 30, 2017.
The Debtors are currently seeking joint administration of their
Chapter 11 cases under the main case, 17-10201.  The cases have
been assigned to the Hon. Judge Laurie Selber Silverstein.

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

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


LP CLEANERS: Hires Holly E. Barrett as Accountant
-------------------------------------------------
LP Cleaners, Inc., d/b/a Concord Cleaners seeks authorization from
the U.S. Bankruptcy Court for the Eastern District of Tennessee to
employ Holly E. Barrett as accountant, nunc pro tunc to January 24,
2017.

The Debtor requires Ms. Barrett to:

     a. prepare and file all tax returns, including income tax
returns, Form940s, Form 941s, and sales;

     b. perform payroll tax services;

     c. give the Debtor general financial advice; and

     d. perform other financial and accounting services for the
Debtor which may be necessary.

The Debtor will compensate Ms. Barrett standard hourly rates for
such matters:

      Clerical and Administrative         $35
      Bookkeeping and Accounting          $75
      Financial Statement Write-Up        $125
      QuickBooksSetup                     $125
      Payroll Tax Services                $125
      Tax Services and Consultation       $150
      Tax Audit Services                  $250

The Debtor paid the retainer in the amount of $500.

Holly E. Barrett, CPA assured the Court that she is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtor and its estates.

E. Barrett may be reached at:

     Holly E. Barrett, CPA
     PO Box 22164
     Knoxville, Tn 37933

                         About LP Cleaners, Inc.

Knoxville, Tenn.-based LP Cleaners, Inc., filed for Chapter 11
bankruptcy protection (Bankr. E.D. Tenn. Case No. 16-33166) on Oct.
27, 2016, estimating its assets and liabilities at between $100,001
to $500,000.  The petition was signed by Larry Pappas, president.
Keith L. Edmiston, Esq., of Edmiston Foster, serves as the Debtor's
bankruptcy counsel.


MACK-CALI REALTY: Fitch Affirms at Issuer Default Rating at BB+
---------------------------------------------------------------
Fitch Ratings has affirmed the Issuer Default Rating (IDR) for
Mack-Cali Realty Corporation (NYSE: CLI) and its operating
partnership, Mack-Cali Realty, L.P. (collectively, Mack-Cali), at
'BB+'.

Fitch has also affirmed the Rating Outlook at Stable.

KEY RATING DRIVERS

Fitch's ratings for CLI reflect the company's weaker credit metrics
and capital markets access relative to other low investment grade
rated REITs, as well as challenging fundamentals in many of its
core northeast suburban office markets. Fitch expects CLI's credit
metrics to remain appropriate for a 'BB+' rated REIT through the
2019 projection period.

CLI's turnaround plan considers bondholders but favors equity
holders. The company has used the proceeds from asset sales and
secured property financings and bank term loans to help fund its
large (re)development platform and refinance debt maturities,
primarily unsecured bonds.

The company could reduce leverage below Fitch's 7.0x rating
sensitivity for positive rating momentum with the proceeds from
planned asset sales. However, CLI plans to use the proceeds for
acquisitions and asset stabilization; repositioning and development
capex, particularly in the context of its manageable debt maturity
profile; and adequate access to unsecured bank term loan and
secured mortgage debt. Incremental net operating income (NOI) from
developments could also lead to lower leverage; however, Fitch
expects the company to continue to start new developments as
existing projects are delivered and stabilized.

Longer-term, Fitch expects CLI to adopt financial policies that are
consistent with a low investment grade rating, including leverage
sustaining in the mid-to-high 6x range. The company has publicly
discussed a plan de-lever during 2018 with the proceeds from flex
office sales ($600 million to $700 million company-estimated market
value). Fitch has not included this in its rating case projections
given the high degree of uncertainty with respect to NJ flex office
property values and liquidity, as well as management's commitment
to this strategy.
Public equity issuance as another possible avenue for future
deleveraging, assuming successful execution of the company's
turnaround plan narrows the net asset value (NAV) discount for its
shares.

SPECULATIVE GRADE CREDIT METRICS
Fitch expects Mack-Cali's leverage will sustain in the mid-7.0x
range through 2019, which is appropriate for a 'BB+' rated REIT
with Mack-Cali's asset profile. Mack-Cali's portfolio is
principally comprised of capital intensive suburban office
properties in select New Jersey and, to a lesser extent, New York
and Connecticut suburbs. These markets are generally characterized
by stubbornly high vacancy rates and weak same-store NOI growth
prospects.

The company's leverage for the annualized quarter ended Sept. 30,
2016 was 7.5x. Fitch defines leverage as recurring operating
EBITDA, excluding non-cash above and below market lease
adjustments, over total debt net of readily available cash.

Fitch expects CLI's fixed-charge coverage (FCC) to improve to
roughly 3.0x in 2019 through a combination of SSNOI growth,
incremental NOI from development stabilizations and lower interest
costs due to refinancing. The company's FCC was 2.2x for the
quarter ended Sept. 30, 2016. Fitch defines FCC as recurring
operating EBITDA, excluding non-cash revenues and including
recurring cash distributions from joint ventures (JVs), less
maintenance capex over cash interest incurred.

FEWER CAPITAL AVENUES AVAILABLE
Fitch views CLI's access to attractively priced public equity and
debt as limited, based on the 4% market implied discount to NAV and
yield for its shares and unsecured bonds. However, Fitch believes
the company retains adequate access to competitively priced debt
capital from unsecured bank term loans, as well as mortgage debt
capital for select higher value unencumbered assets.

During January 2017, CLI refinanced and extended its $600 million
unsecured revolving credit facility, entered into a $325 million
delayed draw unsecured term loan and placed a $100 million mortgage
on one of its multi-family communities located in Revere, MA. The
company also redeemed the remaining $135 million of its outstanding
bonds scheduled to mature in August of 2019 and repaid a series of
loans totaling approximately $200 million of high rate mortgage
debt.

CLI has a handful of illiquid, legacy non-income producing assets
that the company could monetize. However, successful execution
and/or timing is uncertain, as is the use of proceeds. Fitch has
not included these as sources in its base case liquidity analysis.

The company's land/parking lot at 4 Harborside in Jersey City is a
key example. CLI is pursuing a development JV with SJP Properties
to build a 1.2 million office property on the site. This assumes
the JV can attract an anchor tenant. CLI's equity contribution to
the JV would likely be limited to its $75 million land basis.

The company could also raise capital through the sale of its
subordinated JV interests, primarily legacy positions inherited
through its acquisition of multifamily developer Roseland. CLI has
been unwinding its subordinated JV interest through sales and
conversions to "participating" interests whereby the company
received a share of the ongoing cash flows. However, the latter
could result in a use of capital, depending on how the deal is
structured.

CLI expects units owned through subordinated interests to decline
to 1,235 during 2018. As of Sept. 30, 2016 RRT's subordinate
interest portfolio was reduced to 1,963 apartments (a
35%reduction). RRT will continue to focus on this objective with a
target year-end 2016 goal of 1,235 apartments (representing a year
over year reduction of 59%). In addition to operating conversions,
CLI increased ownership to 100% across five parcels in Port
Imperial and in East Boston.

RECENT FINANCINGS IMPROVE LIQUIDITY
CLI's sources of liquidity fall short of uses by approximately $400
million resulting in 0.7x liquidity coverage under Fitch's
liquidity analysis for the period from Oct. 1, 2016 to Dec. 31,
2018. The company's liquidity coverage improves to 1.0x on a pro
forma basis for the company's post 3Q'16 financing discussed above.
Fitch's base case assumes that CLI funds its liquidity shortfall
with $150 million of third-party equity raised at its Roseland
Realty Trust subsidiary and incremental asset sales and asset
encumbrances. CLI's pro-forma liquidity coverage improves to 1.5x
assuming it refinances 80% of its secured mortgage maturities
through 2017.

The size and quality of CLI's unencumbered asset pool has arguably
decreased during the last year. The majority of properties CLI sold
during 2016 were unencumbered, including some of the portfolio's
better quality assets located in non-core markets, including its
Manhattan and two Washington, D.C. properties. The company has
acquired new unencumbered assets in core markets, such as Metropark
and Hoboken, NJ. CLI's secured debt as a percent of total debt
increased to 43% at Sept. 30, 2016 from 34% at Dec. 31, 2015.

Mack-Cali has a low 38.5% dividend payout ratio of its adjusted
funds from operations (AFFO) for the quarter ended Sept. 30, 2016,
resulting in approximately $60 million to $80 million of retained
cash that supports the company's liquidity position.

CREDIBLE PLAN FACES HEADWINDS
CLI has narrowed its office portfolio focus to include primarily
four New Jersey markets, including the Jersey City Waterfront,
Metro Park, Short Hills and Monmouth County. These markets
generally sustain above average occupancy rates, rents above $35
per square foot (sq. ft.) for Class A space and access to mass
transit, characteristics that support continued strong performance
relative to all New Jersey office markets.

CLI plans to winnow down its office portfolio to 20 million sq. ft.
(including 5 million sq. ft. of flex office space) from 25 million
sq. ft. The company has sold $465 million of assets as of Sept. 30,
2016, including its holdings in Manhattan, Washington, D.C. and
suburban Maryland, as well as a handful of non-core New Jersey
office assets and one apartment property in Andover, MA. CLI had
contracts out for $265 million of additional office sales at the
end of 3Q'16. It has reinvested a portion of the proceeds from
asset sales into new office assets in core markets, including
purchases in Hoboken and Metro Park New Jersey.

CLI has also strengthened its multifamily rental residential
platform starting new, predominantly wholly-owned developments and
exiting and/or replacing complex subordinate JV interests with
"heads up" participating partnership interests. In January 2016,
the company consolidated its residential holdings into a new
subsidiary REIT called Roseland Residential Trust.

Challenging New Jersey office market fundamentals provide execution
risk to CLI's repositioning plan, recent progress notwithstanding.
Fitch expects New Jersey office fundamentals will remain a headwind
given the state's relatively inhospitable business environment that
includes high labor and living costs, as well as regulatory and tax
burdens. Employment growth has been lackluster in New Jersey during
the past decade, partly due to consolidation in the telecom and
pharmaceutical industries, which has caused some jobs to be
eliminated or leave the state. Nevertheless, Fitch's ratings case
projections assume the company's GAAP SSNOI increases at mid-to-low
single digit rates between 2017 and 2019, based on occupancy gains
and strong double digit positive GAAP leasing spreads.

Fitch is also less optimistic regarding some of the plan's
underlying assumptions. Amenity enhancements at select suburban
office properties should allow CLI to take leasing market share and
help stabilize portfolio occupancy, resulting in higher property
operating income. However, the agency lacks conviction that tenants
will pay premium rents for greater amenities given high submarket
vacancy rates and an uncertain competitive response from other New
Jersey office landlords. Separately, Fitch views the company's
goals for the retail at its New Jersey waterfront office assets as
ambitious relative to the $25 million estimated capital
investment.

SOME OPERATIONAL GREEN SHOOTS
CLI's portfolio operating metrics during the three and nine months
ended Sept. 30, 2016 showed improved occupancy rates and rent
spreads. Same-store NOI grew by 2.9% and 5.5% year-over-year on a
cash and GAAP basis, respectively during the third quarter.
Revenues rose 5.8%, helped by a 100 bps improvement in same-store
occupancy. Expenses grew by 6.3%.

Same-store NOI grew by 4.3% and 8.6% year-over-year on a cash and
GAAP basis, respectively during the nine months ended Sept. 30,
2016. Revenues rose 3.8%, helped by a 100 bps improvement in
same-store occupancy. Expenses declined by 2.7% during the period.
GAAP office leasing spreads were positive 9.1% during 3Q'16, based
on 16.2% spreads on new leases and 8.3% for renewals. Comparable
metrics for the nine months ended Sept. 30, 2016 were 19.3%, 8.4%
and 20.2%, respectively.

KEY ASSUMPTIONS

Fitch's key assumptions within its rating case for the issuer
include:

-- CLI's office platform GAAP SSNOI grows at a mid-single digit
rate through 2019 based on a combination of occupancy gains and
positive double digit GAAP rent spreads;
-- The company successfully stabilizes its multifamily
developments on schedule and at yields in the mid-6% range;
-- CLI re-loads its multifamily development pipeline with a
similar amount of new development starts as communities under
construction are delivered and stabilized through the 2019
projection period;
-- The company continues to encumber properties to help fund its
development and refinancing requirements;
-- Fitch has not assumed that CLI sells its flex office/industrial
portfolio during 2018 and uses the proceeds to de-lever, a
possibility that CLI management has publicly discussed.

RATING SENSITIVITIES

Although Fitch does not anticipate positive rating actions in the
near to medium term, the following factors could result in positive
rating momentum:
Fitch's expectation of leverage sustaining below 7x (leverage was
7.5x for the annualized quarter ended Sept. 30, 2016);
Fitch's expectation of fixed charge coverage sustaining above 2x
(coverage was 2.0x for the TTM ended Sept. 30, 2016);
Fitch's expectation of unencumbered asset coverage of unsecured
debt sustaining above 2x, assuming no material change in the
quality of the unencumbered pool due to sale of best relative
assets.

The following factors may result in negative rating momentum:

-- A sustained liquidity shortfall and/or deterioration in the
breadth and depth of capital access;
-- Fitch's expectation of leverage sustaining above 8x;
-- Fitch's expectation of fixed charge coverage sustaining below
1.5x.

FULL LIST OF RATING ACTIONS

Fitch has affirmed the following ratings:

Mack-Cali Realty Corporation
-- IDR at 'BB+'.

Mack-Cali Realty, L.P.
-- IDR at 'BB+';
-- Unsecured revolving credit facility at 'BB+'/'RR4';
-- Senior unsecured term loans at 'BB+'/'RR4';
-- Senior unsecured notes at 'BB+'/'RR4'.

Fitch has also assigned a 'BB+'/'RR4' rating to Mack-Cali Realty,
L.P.'s $325 million delayed draw unsecured term loan due 2020.

The Rating Outlook is Stable.



MAXUS ENERGY: Retiree Committee Opposes Approval of Plan Outline
----------------------------------------------------------------
A committee of retired workers of Maxus Energy Corp. asked a U.S.
bankruptcy court to deny approval of the company's disclosure
statement.

In a filing with the U.S. Bankruptcy Court in Delaware, the
committee said the document, which explains the company's proposed
Chapter 11 liquidation plan, does not contain "adequate
information."

The committee cited the company's failure to disclose in the
document information regarding its liability to retirees, the
proposed settlement of such liability, and the treatment of retiree
claims under the plan.

The committee also complained that the disclosure statement does
not provide enough information about Maxus Energy's settlement with
YPF S.A., parent of YPF Holdings Inc., which purchased the company
in the 1990s.  Under the deal, YPF will make a $130 million payment
to Maxus Energy and will provide a $63.1 million loan to get the
company through bankruptcy in exchange for a release of certain
claims by the company.

The retirees committee is represented by:

     William P. Bowden, Esq.
     Gregory A. Taylor, Esq.
     F. Troupe Mickler IV, Esq.
     Ashby & Geddes, P.A.
     500 Delaware Avenue, 8th Floor
     P.O. Box 1150
     Wilmington, DE 19899
     Tel: (302) 654-1888
     Email: wbowden@ashby-geddes.com
     Email: gtaylor@ashby-geddes.com
     Email: tmickler@ashby-geddes.com

          -- and --

     Charles R. Gibbs, Esq.
     Eric Seitz, Esq.
     Eric T. Haitz, Esq.
     Akin Gump Strauss Hauer & Feld LLP
     1700 Pacific Avenue, Suite 4100
     Dallas, TX 75201
     Tel: (214) 969-2800
     Email: cgibbs@akingump.com
     Email: eseitz@akingump.com
     Email: ehaitz@akingump.com

                    About Maxus Energy Corp.

Maxus Energy Corporation and four of its subsidiaries filed
voluntary petitions for reorganization under Chapter 11 (Bankr. D.
Del., Case No. 16-11501) on June 17, 2016.  The Debtors intend to
use the breathing spell afforded by the Bankruptcy Code to decide
whether their existing environmental remediation operations and oil
and gas operations can be restructured as a sustainable,
stand-alone enterprise.

The Debtors have engaged Young Conaway Stargatt & Taylor, LLP as
local counsel, Morrison & Foerster LLP as general bankruptcy
counsel, Zolfo Cooper, LLC as financial advisor and Prime Clerk
LLC as claims and noticing agent, all are subject to the Bankruptcy
Court's approval.

The Debtors hired Keen-Summit Capital Partners LLC as real estate
broker.  The Debtors also engaged Hilco Steambank to market and
sell their internet protocol numbers and other internet number
resources, and EnergyNet.com to market and sell the Debtors'
rights, title, and interest in and to the oil and gas properties.

On July 7, 2016, the United States Trustee for the District of
Delaware filed Notice of Appointment of Committee of Unsecured
Creditors. The Committee selected Schulte Roth & Zabell LLP as
counsel, and Cole Schotz as Delaware co-counsel. Berkeley Research
Group, LLC, serves as financial advisor for the Committee.

Andrew Vara, acting U.S. Trustee for Region 3, appointed the
following to a committee of retirees: John Leslie Jackson, Sr.,
Gerald G. Carlton, and Robert E. Garbesi.  The Retirees Committee
retained Akin Gump Strauss Hauer & Feld LLP as counsel and Ashby &
Geddes, P.A. as co-counsel.


MERRIMACK PHARMACEUTICALS: Vanguard Group Holds 7.1% Equity Stake
-----------------------------------------------------------------
The Vanguard Group disclosed in an amended Schedule 13G filed with
the Securities and Exchange Commission that as of Dec. 31, 2016, it
beneficially owns 9,194,936 shares of common stock of Merrimack
Pharmaceuticals Inc. representing 7.09 percent of the shares
outstanding.

Vanguard Fiduciary Trust Company, a wholly-owned subsidiary of The
Vanguard Group, Inc., is the beneficial owner of  197,748 shares or
.15% of the Common Stock outstanding of the Company as a result of
its serving as investment manager of collective trust accounts.

Vanguard Investments Australia, Ltd., a wholly-owned subsidiary of
The Vanguard Group, Inc., is the beneficial owner of 20,600 shares
or .01% of the Common Stock outstanding of the Company as a result
of its serving as investment manager of Australian investment
offerings.

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

                    https://is.gd/X4xnvs

                        About Merrimack

Cambridge, Mass.-based Merrimack Pharmaceuticals, Inc., a
biopharmaceutical company discovering, developing and preparing to
commercialize innovative medicines consisting of novel
therapeutics paired with companion diagnostics.  The Company's
initial focus is in the field of oncology.  The Company has five
programs in clinical development.  In it most advanced program,
the Company is conducting a pivotal Phase 3 clinical trial.

Merrimack reported a net loss of $148 million on $89.3 million of
total revenues for the year ended Dec. 31, 2015, compared to a net
loss of $83.6 million on $103 million of total revenues for the
year ended Dec. 31, 2014.

As of Sept. 30, 2016, Merrimack had $118.4 million in total
assets, $345.55 million in total liabilities and a total
stockholders' deficit of $226.78 million.


MERRIMACK PHARMACEUTICALS: Westfield Capital Owns 7% Equity Stake
-----------------------------------------------------------------
Westfield Capital Management Company, LP reported in an amended
Schedule 13G filed with the Securities and Exchange Commission that
as of Dec. 30, 2016, it beneficially owns 9,072,877 shares of
common stock of Merrimack Pharmaceuticals Inc. representing 7
percent of the shares outstanding.  A full-text copy of the
regulatory filing is available for free at https://is.gd/O9rWgA

                         About Merrimack

Cambridge, Mass.-based Merrimack Pharmaceuticals, Inc., a
biopharmaceutical company discovering, developing and preparing to
commercialize innovative medicines consisting of novel
therapeutics paired with companion diagnostics.  The Company's
initial focus is in the field of oncology.  The Company has five
programs in clinical development.  In it most advanced program,
the Company is conducting a pivotal Phase 3 clinical trial.

Merrimack reported a net loss of $148 million on $89.3 million of
total revenues for the year ended Dec. 31, 2015, compared to a net
loss of $83.6 million on $103 million of total revenues for the
year ended Dec. 31, 2014.

As of Sept. 30, 2016, Merrimack had $118.4 million in total
assets, $345.55 million in total liabilities and a total
stockholders' deficit of $226.78 million.


METROAREA AUTISTIC: Hires Savills as Real Estate Advisor
--------------------------------------------------------
Association of Metroarea Autistic Children, Inc., seeks
authorization from the U.S. Bankruptcy Court for the Southern
District of New York to employ Savills Studley, Inc., as real
estate advisor, nunc pro tunc to January 20, 2017.

The Debtor requires Savills to:

    a. dispose of all or a portion of Client's existing premises
located at 25 West 17th Street, New York, NY 10111 ("Premises") by
sublease, assignment, surrender, termination, cancellation,
recapture or takeover of the Premises or the Client's existing
lease of the Premises ("Lease") or other transaction (any such
transaction, a "Disposition"), and /or

    b. procure premises in the New York Metropolitan area
(including, without limitation, New York City and Westchester),
whether by lease, sublease, assignment, purchase or otherwise and
specifically including renewal, extension or expansion of the
Lease, in whole or in part (any such transaction, a
"Procurement").

Savills will also provide these services:

     a. coordinate with the Debtor regarding the development of any
due diligence materials in connection with Disposition of the
Premises;

     b. develop, subject to the Debtor's review and approval, a
marketing plan and implement each facet of the marketing plan;

     c. communicate regularly with all prospects for both
Disposition and Procurement and maintain records of
communications;

     d. communicate weekly with the Debtor and its professional
advisors in connection with the status of its efforts;

     e. work with the attorneys responsible for the implementation
of the proposed transactions, reviewing documents, negotiating and
assisting in resolving problems with may arise;

     f. coordinate and run a Disposition process with respect to
the Premises and work with the Debtor's landlord in connection with
same.

The Debtor agreed compensate Savills for the proposed Services
pursuant to this fee structure:

Procurements

     a. With respect to any Procurement covered by this Agreement,
Savills shall look solely to the building owners, landlords,
assignors, sublessors or seller (each a "Property Owner") for the
payment of its brokerage commission. The Debtor shall use
reasonable efforts, without the obligation to incur and cost or
expense, to see that the Property Owner (a) recognizes Savills as
the broker in the transaction and (b) agrees, in writing, to pay
Savills one full commission based on Savills' standard commission
rates and terms. In no event whatsoever shall Debtor have any
liability or further obligation in connection with any Property
Owner's failure to pay a commission to Savills.

     b. Savills shall be entitled to a commission on any
Procurement involving any premises presented to the Debtor, and
with respect to which a written proposal was submitted to or
received from the applicable Property Owner which is consummated
(as evidenced by fully executed agreements) during the term of the
Retention Agreement or within nine (9) months following the
expiration or earlier termination of the Retention Agreement;
provided, however, that if at the end of such nine (9) months a
transaction document remains in active negotiation, such period
shall be extended until such transaction is consummated (as
evidenced by fully executed agreements). Within ten (10) business
days after the expiration or earlier termination of the Retention
Agreement, Savills shall deliver to the Debtor a written list
identifying such premises.

Dispositions

     c. With respect to any Disposition thereto which is
consummated the Debtor shall pay Savills a full commission based
upon the rate schedule attached to the Retention Agreement, and
summarized below as Schedule A thereto. If a sublease or assignment
to a prospect procured by (a) a licensed real estate broker other
than Savills or (b) a broker/salesperson associated with Savills
other than the Savills Studley Team (as defined in the Retention
Agreement) (any such broker described in (a) or (b) a "Procuring
Broker") is consummated, the Debtor shall pay to Savills 150% of
one full commission and Savills shall be responsible for paying
such Procuring Broker 100% of one full commission.

     d. Savills shall be entitled to a commission with respect to a
transaction with any person to whom (x) (i) Savills presented the
Premises of which Client was notified, in writing, or (ii) to whom
the Debtor presented the Premises, and (y) in either the case of
(i) or (ii), a written proposal was submitted to or received from
the applicable person which is consummated (as evidenced by a fully
executed agreement) during the term of the Retention Agreement or
within nine (9) months following the expiration or earlier
termination of the Retention Agreement; provided, however, that if
at the end of such nine (9) months a transaction document remains
in active negotiation such period shall be extended until such
transaction is consummated (as evidenced by a fully executed
agreement).

    e. Commission Rates: Commissions shall be calculated by
multiplying the Rent for each Lease Year by the following rates and
adding the products together:

     For the first Lease Year                          5%
     For the second Lease Year                         4%
     For the third Lease Year up to and
          including the fifth Lease Year               3 1/2%
     For the sixth Lease Year up to and
          including the tenth Lease Year               2 1/2%
     For the eleventh Lease Year up to and
          including the twenty-first Lease Year        2%
     For the twenty-second Lease Year and thereafter   1%

Lawrence Craig Lemle, senior managing director of Savills Studley,
Inc., assured the Court that the firm is a "disinterested person"
as the term is defined in Section 101(14) of the Bankruptcy Code
and does not represent any interest adverse to the Debtor and its
estates.

Savills may be reached at:

     Lawrence Craig Lemle
     Savills Studley, Inc.
     399 Park Avenue, 11th Floor
     New York, NY 10022
     Tel: 212.326.1098
     E-mail: clemle@savills-studley.com

          About Association for Metroarea Autistic Children

Association for Metroarea Autistic Children, Inc., d/b/a AMAC,
Inc., based in New York, New York, filed a chapter 11 petition
(Bankr. S.D.N.Y. Case No. 17-10123) on Jan. 20, 2017.  The petition
was signed by Keishea Allen, executive director.  The Debtor is
represented by Richard J. Bernard, Esq., at Foley & Lardner LLP.
The Debtor estimated assets and liabilities at $1 million to $10
million at the time of the filing.

The Debtor owns and operates a school for autistic children, grades
kindergarten through high school, and provides ancillary and
related services thereto.


MF GLOBAL: Allied World, et al.'s Restraining Order Appeal Denied
-----------------------------------------------------------------
Rick Archer, writing for Bankruptcy Law360, reports that a New York
district judge denied on Feb. 10, 2017, Allied World Assurance
Company Ltd., Iron-Starr Excess Agency Ltd., Ironshore Insurance
Ltd. and Starr Insurance & Reinsurance Ltd.'s appeal of a temporary
restraining order by the U.S. Bankruptcy Court for the Southern
District of New York in the MF Global bankruptcy case.

According to Law360, the New York district judge found that the
order has already been mooted by a temporary injunction.

The four Bermuda insurance companies were excess insurers for MF
Global, Law360 relates.  They sought to appeal a temporary
restraining order preventing them from enforcing parallel
proceedings in Bermuda, the report states.

                         About MF Global

New York-based MF Global -- http://www.mfglobal.com/-- was one of

the world's leading brokers of commodities and listed derivatives.
MF Global provides access to more than 70 exchanges around the
world.  The firm also was one of 22 primary dealers authorized to
trade U.S. government securities with the Federal Reserve Bank of
New York.  MF Global's roots go back nearly 230 years to a sugar
brokerage on the banks of the Thames River in London.

On Oct. 31, 2011, MF Global Holdings Ltd. and MF Global Finance
USA Inc. filed voluntary Chapter 11 petitions (Bankr. S.D.N.Y.
Case Nos. 11-15059 and 11-5058), after a planned sale to
Interactive Brokers Group collapsed.  As of Sept. 30, 2011, MF
Global had $41,046,594,000 in total assets and $39,683,915,000 in
total liabilities.

On Nov. 7, 2011, the United States Trustee appointed the statutory
creditors' committee in the Debtors' cases.  At the behest of the
Statutory Creditor's Committee, the Court directed the U.S.
Trustee to appoint a chapter 11 trustee.  On Nov. 28, 2011, the
Bankruptcy Court entered an order approving the appointment of
Louis J. Freeh, Esq., of Freeh Group International Solutions, LLC,
as Chapter 11 trustee.

On Dec. 19, 2011, MF Global Capital LLC, MF Global Market Services
LLC and MF Global FX Clear LLC filed voluntary Chapter 11
petitions (Bankr. S.D.N.Y. Case Nos. 11-15808, 11-15809 and
11-15810).  On Dec. 27, the Court entered an order installing Mr.
Freeh as Chapter 11 Trustee of the New Debtors.

On March 2, 2012, MF Global Holdings USA Inc. filed a voluntary
Chapter 11 petition (Bankr. S.D.N.Y. Case No. 12-10863), and Mr.
Freeh also was installed as its Chapter 11 Trustee.

Judge Honorable Martin Glenn presides over the Chapter 11 case.
J. Gregory Milmoe, Esq., Kenneth S. Ziman, Esq., and J. Eric
Ivester, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP, serve
as bankruptcy counsel.  The Garden City Group, Inc., serves as
claims and noticing agent.  The petition was signed by Bradley I.
Abelow, Executive Vice President and Chief Executive Officer of MF
Global Finance USA Inc.

The Chapter 11 Trustee has tapped (i) Freeh Sporkin & Sullivan
LLP, as investigative counsel; (ii) FTI Consulting Inc., as
restructuring advisors; (iii) Morrison & Foerster LLP, as
bankruptcy counsel; and (iv) Pepper Hamilton as special counsel.

The Official Committee of Unsecured Creditors has retained
Capstone Advisory Group LLC as financial advisor, while lawyers at
Proskauer Rose LLP serve as counsel.

The Securities Investor Protection Corporation commenced
liquidation proceedings against MF Global Inc. to protect
customers.  James W. Giddens was appointed as trustee pursuant to
the Securities Investor Protection Act.  He is a partner at Hughes
Hubbard & Reed LLP in New York.

Jon Corzine, the former New Jersey governor and co-CEO of
Goldman Sachs Group Inc., stepped down as chairman and chief
executive officer of MF Global just days after the bankruptcy
filing.

In April 2013, the Bankruptcy Court approved MF Global Holdings'
plan to liquidate its assets.  Bloomberg News reported that the
court-approved disclosure statement initially told
creditors with $1.134 billion in unsecured claims against the
parent holding company why they could expect a recovery of 13.4%
to 39.1% from the plan.  As a consequence of a settlement with
JPMorgan, supplemental materials informed unsecured creditors
their recovery was reduced to the range of 11.4% to 34.4%.  Bank
lenders will have the same recovery on their $1.174 billion claim
against the holding company.  As a consequence of the settlement,
the predicted recovery became 18% to 41.5% for holders of $1.19
billion in unsecured claims against the finance subsidiary,
one of the companies under the umbrella of the holding company
trustee.  Previously, the predicted recovery was 14.7% to 34% on
bank lenders' claims against the finance subsidiary.


MIAMI NEUROLOGICAL: Wants Court Authority to Use CNB Cash Collatera
-------------------------------------------------------------------
Miami Neurological Institute, LLC seeks authorization from the U.S.
Bankruptcy Court for the Southern District of Florida to use cash,
including the cash collateral in which City National Bank of
Florida has an interest.

The Debtor relates that it had executed several promissory notes in
favor of City National Bank totaling $1,900,000.00.  City National
Bank has a lien on all of the Debtor's assets.

The Debtor contends that while City National Bank initially
objected to the Debtor's use of cash collateral, the parties
eventually resolved the cash collateral issue pending a
satisfactory budget.  The Debtor further contends that after
providing several drafts of a proposed budget, City National Bank
informed the Debtor that the budget was not acceptable and filed
its second Motion to Prohibit the Use of Cash Collateral.

The Debtor owns and operates neurological and spine surgery centers
located in Miami-Dade County, Florida.  The Debtor asserts that an
immediate and critical need exists for the Debtor to be permitted
access to cash collateral to continue its operations.

The Debtor has prepared its proposed budget, which includes a
weekly balance sheet reflecting total operating expenses of
approximately $173,338, total leased physician expenses in the
amount of $106,627, as well as projected monthly expenditures
totaling $1,190,384.

The Debtor believes that the proposed budget is satisfactory and
provides City National Bank with assurance of its required adequate
protection.

The Debtor asserts that City National Bank will be adequately
protected by the Debtor's payment of the ongoing contractual
amounts due to City National Bank, the potential granting of an
administrative claim, replacement lien, and reporting.  In light of
the circumstances, the Debtor believes that the proposed
protections are reasonable, appropriate, and sufficient to satisfy
the legal standard of adequate protection, and will serve to
maintain the value of City National Bank's collateral.

A full-text copy of the Debtor's Motion, dated February 2, 2017, is
available at https://is.gd/s9Kqey

A full-text copy of the Debtor's Weekly Budget, dated February 2,
2017, is available at https://is.gd/D9C6qS

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

            About Miami Neurological Institute, LLC

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


MICHIGAN SPORTING GOODS: Files for Ch. 11 to Liquidate 68 Stores
----------------------------------------------------------------
Michigan Sporting Goods Distributors, Inc., has filed a voluntary
petition under Chapter 11 of the Bankruptcy Code in the U.S.
Bankruptcy Court for the Western District of Michigan with the goal
of liquidating 68 of its stores.

The Debtor has already begun store closing sales and ceased
operations at seven of its store locations as of Feb. 14, 2017, the
date of the bankruptcy filing.

Like many of its peers, the Grand Rapids, Michigan-based retailer
of sporting and outdoor products said that its business operations
has been adversely impacted by the change in consumer preference
from traditional brick and mortar stores to online resellers and
the expansion of competing distribution channels and specialty
retailers.

Bruce Ullery, president, CEO and 86% owner of Michigan Sporting,
said, "Over the past four years, in response to these and other
marketplace pressures, MC Sports has made substantial investments
in its store portfolio, opening new stores and remodeling,
expanding or relocating existing stores, and evolving, in many
cases, from smaller athletic stores to larger full-line stores that
offer a full range of sports and outdoor products."

As of the Petition Date, the Debtor had $78 million in assets,
including inventory valued at $62 million.  In fiscal 2016, the
Debtor recorded sales of $174.6 million and net losses, before
taxes, of $5.4 million, court papers show.

According to court documents, the Debtor owed approximately $27.6
million in trade and other unsecured obligations to vendors,
suppliers, and other contractors including Nike, $3.8 million;
Under Armour, $2.4 million; Burton Snowboards, $682,215; K2
Corporation, $471,911; Columbia Sportswear, $912,686; and Adidas
Group, $472,276.

With the view of addressing the Debtor's liquidity restraints and
reaching a consensual and out-of-court financial restructuring, the
Debtor and its professionals entered into negotiations with an ad
hoc committee of trade vendors and other key constituencies,
including its landlords, for financial concessions.  However, the
Debtor was unable to finalize a comprehensive and workable
restructuring plan, leading to the filing of the bankruptcy case.

Having concluded that a restructuring plan is not feasible, the
Debtor -- in consultation with Berkeley Research Group --
determined it was in its best interest, as well as its creditors,
to proceed with an orderly liquidation of its 68 stores.  The
Debtor retained Tiger Capital Group, LLC and Great American Group,
LLC to oversee and manage the store closing sales.

Founded in 1946, the Debtor does business as Traverse Bay Tackle,
MC Sports, MC Sporting Goods, MC and MC Sports Outdoor Center.  It
employs 1,300 workers and operates 68 stores in Iowa, Illinois,
Indiana, Michigan, Missouri, Ohio and Wisconsin.  The Debtor leases
all of its retail store locations, its distribution center and its
corporate offices and pays monthly lease obligations of $1.2
million, as disclosed in court documents.

Contemporaneously with the petition, the Debtor filed the so-called
"First Day" motions designed to minimize the adverse effects of the
bankruptcy filing.  The Debtor seeks court permission to, among
other things, pay employee wages, utilize cash collateral, continue
using existing cash management system and prohibit utility
companies from discontinuing services.

The Chapter 11 case is assigned to Judge John T. Gregg and Case No.
17-00612.  Warner Norcross & Judd LLP serves as counsel to the
Debtor.


MICHIGAN SPORTING: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Michigan Sporting Goods Distributors, Inc.
           dba Traverse Bay Tackle
           dba MC Sports
           dba MC Sporting Goods
           dba MC
           dba MC Sports Outdoor Center
        3070 Shaffer Avenue SE
        Grand Rapids, MI 49512

Case No.: 17-00612

Type of Business: Sporting goods retailer

Chapter 11 Petition Date: February 14, 2017

Court: United States Bankruptcy Court
       Western District of Michigan (Grand Rapids)

Judge: Hon. John T. Gregg

Debtor's Counsel: Robert Michael Azzi, Esq.
                  WARNER NORCROSS & JUDD LLP
                  111 Lyon Street NW
                  900 Fifth Third Center
                  Grand Rapids, MI 49503
                  Tel: 616-752-2784
                  E-mail: mazzi@wnj.com

                    - and -

                  Stephen B. Grow, Esq.
                  WARNER NORCROSS & JUDD, LLP
                  900 Fifth Third Center
                  111 Lyon Street
                  Grand Rapids, MI 49503
                  Tel: (616) 752-2158
                  E-mail: sgrow@wnj.com

                     - and -

                  Elisabeth M. Von Eitzen, Esq.
                  WARNER NORCROSS & JUDD LLP
                  111 Lyon Street, NW, Suite 900
                  Grand Rapids, MI 49503
                  Tel: 616-752-2418
                  Fax: 616-222-2418
                  E-mail: evoneitzen@wnj.com

Estimated Assets: $50 million to $100 million

Estimated Debts: $50 million to $100 million

The petition was signed by Bruce Ullery, president and chief
executive officer.

Debtor's List of 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Adidas Group                          Trade Debt        $472,276
685 Cedar Crest Road
Spartanburg, SC 29301
Email: Helen.Gist@adidas-group.com

ASICS                                 Trade Debt        $260,789
29 Parker Suite 100
Irvine, CA 92618
Email: nancyschwartzburg@asics.com

AV Sportswear                         Trade Debt        $241,792
20 Wheeler St. Suite 302
Lynn, MA 01902
Email: KADavis@bbandt.com

Burton Snowboards                     Trade Debt        $682,215
80 Industrial Parkway
Burlington, VT 05401
Email: jimb@burton.com

Columbia Sportswear                   Trade Debt        $912,686
14375 NW Science
Park Drive
Portland, OR 97229
Email: jboudreau@columbia.com

Escalade Sports                       Trade Debt        $654,109
817 Maxwell Avenue
Evansville, IN 47711
Email: michellekirsch@escaladesports.com

Gildan USA Inc.                       Trade Debt        $243,648
198 Clements Ferry Road
Charleston, SC 29492
Email: JGladney@gildan.com

Golden Viking Sports                  Trade Debt         $442,089
21929 67th Ave. South
Kent, WA 98032
Email: rkruger@gvsamerica.com
  
Gordini USA Inc.                      Trade Debt         $219,808
67 Allen Martin Dr
PO Box 8440
Essex Junction, VT 05451
Email: Heather_Coupal@gordini.com

Icon Health & Fitness                 Trade Debt         $837,657
1500 S 1000 W
Logan, UT 84321
Email: cbrowning@iconfitness.com

IMPEX                                 Trade Debt        $559,629
2801 S Towne Avenue
Pomona, CA 91766
Email: KaylieH@impex-fitness.com

K2 Corporation                        Trade Debt        $471,911
4201 6th Ave. South
Seattle, WA 98108
Email: brian_johnson@k2sports.com

Maurice Sporting Goods                Trade Debt        $334,541
1910 Techny Road
Northbrook, IL 60065
Email: Michael.klein@maurice.net

NIKE                                  Trade Debt      $3,806,248
5151 Shelby
Memphis, TN 38118
Email: kim.stewart@nike.com

Professional Media Management      Media/Marketing      $228,303
Attn: Accounts Receivable             Expense
528 Bridge St. NW, Suite 7
Grand Rapids, MI 49504
Email: rdykstra@professionalmediamanagement.com

Quad / Graphics                    Media/marketing      $246,442
N61 W23044 Harry's Way                Expense
Sussex, WI 53089
Email: MVECHART@qg.co Expensem

Sports South Inc.                     Trade Debt        $821,800
1039 Kay Lane
Shreveport, LA 71135
Email: amy.guess@sportssouth.biz

Under Armour                          Trade Debt      $2,446,749
1020 Hull St.
Baltimore, MD 21230
Email: ktroast@underarmour.com

VF Licensed Sports Group LLC           Trade Debt       $217,339
4408 West
Linebaugh Ave.
Tampa, FL 33624
Email: Janet_Roark@vfc.com

Wilson Team Sports                     Trade Debt       $472,928
8750 W. Bryn Mawr Ave.
Chicago, IL 60631
Email: Marilyn.Jensen@wilson.com


MICROVISION INC: AWM Investment Holds 9% Stake as of Dec. 31
------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, AWM Investment Company, Inc. disclosed that as of
Dec. 31, 2016, it beneficially owns 6,124,766 shares of common
stock of Micro Vision, Inc., representing 9 percent of the shares
outstanding.

AWM Investment Company, Inc., a Delaware Corporation, is the
investment adviser to Special Situations Fund III QP, L.P.,
Special Situations Cayman Fund, L.P., Special Situations
Technology Fund, L.P. and Special Situations Technology Fund
II, L.P.  As the investment adviser to the Funds, AWM holds sole
voting and investment power over 1,707,452 shares of Common Stock
of the Issuer held by SSFQP, 648,227 Shares held by Cayman, 592,121
Shares held by TECH and 3,176,966 Shares held by TECH II.

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

                    https://is.gd/ZnbvJX

                      About MicroVision
  
Redmond, Washington-based MicroVision, Inc., is developing its
PicoP(R) display technology that can be adopted by its customers to
create high-resolution miniature laser display and imaging modules.
This PicoP display technology incorporates the company's patented
expertise in two-dimensional Micro-Electrical Mechanical Systems
(MEMS), lasers, optics and electronics.

MicroVision reported a net loss of $14.5 million on $9.18 million
of total revenue for the year ended Dec. 31, 2015, compared to a
net loss of $18.1 million on $3.48 million of total revenue for
the year ended Dec. 31, 2014.

As of Sept. 30, 2016, MicroVision had $11.90 million in total
assets, $13.20 million in total liabilities and a total
shareholders' deficit of $1.29 million.

Moss Adams LLP, in Seattle, Washington, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has suffered recurring
losses from operations and has a net capital deficiency, which
raises substantial doubt about its ability to continue as a going
concern.


MICROVISION INC: Elects Robert Carlile as Director to Fill Vacancy
------------------------------------------------------------------
Robert Carlile was elected to the board of directors of
MicroVision, Inc. and Jeanette Horan stepped down from the Board on
Feb. 8, 2017, according to a Form 8-K report filed with the
Securities and Exchange Commission.

                      About MicroVision
  
Redmond, Washington-based MicroVision, Inc., is developing its
PicoP(R) display technology that can be adopted by its customers to
create high-resolution miniature laser display and imaging modules.
This PicoP display technology incorporates the company's patented
expertise in two-dimensional Micro-Electrical Mechanical Systems
(MEMS), lasers, optics and electronics.

MicroVision reported a net loss of $14.5 million on $9.18 million
of total revenue for the year ended Dec. 31, 2015, compared to a
net loss of $18.1 million on $3.48 million of total revenue for
the year ended Dec. 31, 2014.

As of Sept. 30, 2016, MicroVision had $11.90 million in total
assets, $13.20 million in total liabilities and a total
shareholders' deficit of $1.29 million.

Moss Adams LLP, in Seattle, Washington, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has suffered recurring
losses from operations and has a net capital deficiency, which
raises substantial doubt about its ability to continue as a going
concern.


MISONIX INC: Gets Nasdaq Deficiency Letter After Delayed Filing
---------------------------------------------------------------
Misonix, Inc., a provider of minimally invasive therapeutic
ultrasonic medical devices that enhance clinical outcomes, on Feb.
13 disclosed that it received a deficiency letter from The Nasdaq
Stock Market LLC ("Nasdaq") indicating that, as a result of not
filing its Quarterly Report on Form 10-Q for the fiscal quarter
ended December 31, 2016 (the "Q2 10-Q") by February 9, 2017 and
disclosing that the Company will not be able to file the Q2 10-Q
within the five-day extension period provided in Rule 12b-25(b)
under the Securities Exchange Act of 1934, as amended, together
with its prior and ongoing failure to timely file its Quarterly
Report on Form 10-Q for the fiscal quarter ended September 30,
2016, was not in compliance with Listing Rule 5250(c)(1) of the
Nasdaq Listing Rules (the "Rules") for continued listing.

The Company has previously submitted a plan to Nasdaq to regain
compliance with the Rules and Nasdaq has granted the Company an
exception until March 13, 2017 to regain compliance.  The Company
is required to submit to Nasdaq an update to the original
compliance plan not later than February 27, 2017.

As previously disclosed, on February 9, 2017 the Company filed its
Form 10-K for the fiscal year ended June 30, 2016, and management
currently believes that the Company will be in a position to file
the aforementioned delinquent Quarterly Reports on Form 10-Q not
later than March 13, 2017.

At this time, this notification has no effect on the listing of the
Company's common stock on The Nasdaq Global Market.

                         About Misonix

Misonix, Inc.(Nasdaq: MSON)  -- http://www.misonix.com/-- designs,
develops, manufactures and markets therapeutic ultrasonic medical
devices.  Misonix's therapeutic ultrasonic platform is the basis
for several innovative medical technologies.  Addressing a combined
market estimated in excess of $1.5 billion annually; Misonix's
proprietary ultrasonic medical devices are used in spine surgery,
neurosurgery, orthopedic surgery, wound debridement, cosmetic
surgery, laparoscopic surgery, and other surgical and medical
applications.


MONUMENT SECURITY: Wants to Use Citibank Cash Collateral
--------------------------------------------------------
Monument Security, Inc. seeks authorization from the U.S.
Bankruptcy Court for the Eastern District of California to use cash
collateral.

The Debtor proposes to use cash collateral in which Citibank N.A.
and the Internal Revenue Service may potentially assert interests,
to continue to operate the company in its regular and ordinary
course of business within its proposed Budget.  The Budget includes
the on-going non-default monthly payments to Citibank.

The Debtor also proposes to use the cash collateral to pay its
employees, which the Debtor anticipates to be approximately
$500,000, and a portion of which is pre-petition.

Citibank has two loans secured by all of the assets of the Debtor,
including cash and receivables, in the approximate amounts of
$312,346 and $164,500.  Of the two loans, the amount of $164,500 is
guaranteed by the Small Business Administration.  The IRS has
claims for taxes in the approximate amount of $680,000, secured by
involuntary blanket liens.

The Debtor contends that payment of its ongoing expenses is
critical to the preservation and value of the estate's business,
for without the payment of those expenses, the Debtor would be
compelled to shut down its business, which would eventually
diminish the value of the Debtor's business and eliminate over 1000
employees.

The Debtor also contends that it has made several attempts to
stipulate to a cash collateral order with Citibank and the IRS, but
has been unsuccessful.  The Debtor adds that it is only seeking to
maintain the status quo while it prepares to obtain a long-term
cash collateral agreement, as well as confirm a plan of
reorganization.

The Debtor tells the Court that the equitable cushion between the
liquid assets and the security is just over $1,035,008.  The Debtor
further tells the Court that the IRS' lien is also encumbering the
personal residence of the Debtor's former CEO, which is believed to
have approximately $400,000 in equity after the application of the
homestead exclusion.

A full-text copy of the Debtor's Motion, dated February 2, 2017, is
available at https://is.gd/VX7tmp

               About Monument Security, Inc.

Monument Security, Inc. was formed in 1995, and operates a security
services business in California, Nevada, ARizona, Coloarado,
Georgia, Florida, Indiana, Louisiana, Maryland, Missouri, New
Jersey, New York, Ohio, Oregon, Texas, Utah, Washington, and
Wyoming. the Debtor also subcontracts work to other security
providers in Alaska, Arizona, New Mexico and North Carolina.

The business had been successfully run by Scott McDonald for many
years and regularly employs more than 1000 employees.

Monument Security, Inc. filed a Chapter 11 petition (Bankr. E.D.
Cal. No. 17-20689), on February 1, 2017.  The petition was signed
by Michael Bivians, CEO.  The case is assigned to Judge Robert S.
Bardwil. The Debtor is represented by Matthew R. Eason, Esq. and
Kyle K. Tambornini, Esq., at Eason & Tambornini.  At the time of
filing, the Debtor disclosed total assets of $2.82 million and
total liabilities of $3.11 million.


NATURAL DESTINY: GBH CPAs PC Raises Going Concern Doubt
-------------------------------------------------------
Natural Destiny Inc. filed with the U.S. Securities and Exchange
Commission its annual report on Form 10-K, disclosing a net loss of
$244,786 on $25,947 of revenues for the fiscal year ended September
30, 2016, compared to a net loss of $137,270 on $452,841 of
revenues for the fiscal year ended September 30, 2015.

GBH CPAs, PC, issued a "going concern" qualification on the
consolidated financial statements for the fiscal year ended
September 30, 2016, citing that the Company has an accumulated
deficit and has not yet generated significant recurring revenues to
support its operating costs.  These matters raise substantial doubt
about its ability to continue as a going concern.

The Company's balance sheet at September 30, 2016, showed total
assets of $1.36 million, total liabilities of $248,429, all
current, and a stockholders' equity of $1.11 million.

A full-text copy of the Company's Form 10-K is available at:
                
                   https://is.gd/xWRpcZ

Natural Destiny Inc., through its subsidiaries in China, is engaged
in the business of distributing foods and beverages in China.  The
Company's executive offices are located in Jiande City, Zhejiang
Province, China.  Its principal distributed products include
fruits, juices, wine and nutritional supplement products such as
tablets and condensed drinks made out of traditional Chinese herbs
such as ginseng and edible bird's nest.


NAVISTAR INTERNATIONAL: Hotchkis and Wiley Reports 3.3% Stake
-------------------------------------------------------------
Hotchkis and Wiley Capital Management, LLC disclosed in an amended
Schedule 13G filed with the Securities and Exchange Commission that
as of Dec. 31, 2016, it beneficially owns 2,746,406 common shares
of Navistar International Corp. representing 3.36 percent of the
shares outstanding.  A full-text copy of the regulatory filing is
available for free at https://is.gd/hIqION

                 About Navistar International

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

Navistar reported a net loss attributable to the Company of $97
million on $8.11 billion of net sales and revenues for the year
ended Oct. 31, 2016, compared with a net loss attributable to the
Company of $184 million on $10.14 billion of net sales and revenues
for the year ended Oct. 31, 2015.

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

                          *     *     *

In September 2016, S&P Global Ratings placed its ratings, including
the 'CCC+' corporate credit ratings, on Navistar International
Corp. and its subsidiary Navistar Financial Corp. on CreditWatch
with positive implications.

S&P's CreditWatch action follows Navistar's announcement that it
has formed a strategic alliance with Volkswagen Truck & Bus, which
includes a proposed equity investment in Navistar by Volkswagen
Truck & Bus, as well as technology and proposed framework
agreements for strategic technology and supply collaboration, and a
procurement joint venture.  As part of the alliance, Volkswagen
Truck & Bus plans to acquire 16.2 million newly issued shares in
Navistar, and Navistar expects to receive $256 million from the
equity investment, which the company intends to use for general
corporate purposes.  

Navistar carries as 'B3 'Corporate Family Rating (CFR) and stable
outlook from Moody's.  Moody's said in January 2017 that Navistar's
ratings reflects the continuing challenges the company faces in
re-establishing its competitive position and profitability in the
North American medium and heavy truck markets.

Navistar carries a 'CCC' Issuer Default Ratings from Fitch Ratings.
Fitch said in January 2017 that the ratings for NAV, Navistar,
Inc., and NFC remain on Rating Watch Positive pending completion of
a strategic alliance between NAV and Volkswagen Truck & Bus GmbH
(VW T&B).   The Positive Rating Watch reflects Fitch's expectation
that under terms contemplated for the alliance, NAV would realize
cost synergies, improved liquidity, and strategic opportunities
over the next several years that would support its competitiveness
and operating performance.


NEIMAN MARCUS: Bank Debt Trades at 20% Off
------------------------------------------
Participations in a syndicated loan under Neiman Marcus Group Inc.
is a borrower traded in the secondary market at 79.83
cents-on-the-dollar during the week ended Friday, February 10,
2017, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents a decrease of 2.97 percentage points from
the previous week.  Neiman Marcus pays 300 basis points above LIBOR
to borrow under the $2.9 billion facility. The bank loan matures on
Oct. 16, 2020 and carries Moody's B2 rating and Standard & Poor's
CCC+ rating.  The loan is one of the biggest gainers and losers
among 247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended February 10.


NEONODE INC: AWM Investment Reports 9.99% Stake as of Dec. 31
-------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, AWM Investment Company, Inc. disclosed that as of
Dec. 31, 2016, it beneficially owns 3,666,195 shares of common
stock of Neonode Inc. representing 9.99 percent of the shares
outstanding.

AWM Investment Company, Inc., a Delaware corporation, is the
investment adviser to Special Situations Technology Fund, L.P. and
Special Situations Technology Fund II, L.P.  As the investment
adviser to the Funds, AWM holds sole voting and investment power
over 510,209 shares of Common Stock and 784,000 Warrants to
purchase Shares of the Issuer held by TECH and 3,155,986 Shares and
4,816,000 Warrants to purchase Shares held by TECH II.
The Warrants may be exercised to the extent that the total number
of shares of Common Stock then beneficially owned does not
exceed 9.99% of the outstanding shares.

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

                      https://is.gd/oWRdjf

                        About Neonode Inc.
           
Lafayette, Calif.-based Neonode Inc. (OTC BB: NEON)
-- http://www.neonode.com/-- provides optical touch screen
solutions for hand-held and small to midsize devices.

Neonode reported a net loss attributable to the Company of
$7.82 million on $11.11 million of net revenues for the year ended
Dec. 31, 2015, compared to a net loss attributable to the Company
of $14.23 million on $4.74 million of net revenues for the year
ended Dec. 31, 2014.

As of Sept. 30, 2016, Neonode had $10.85 million in total assets,
$6.06 million in total liabilities and $4.78 million in total
stockholders' equity.


NEW YORK INTERNET: Voluntary Chapter 11 Case Summary
----------------------------------------------------
Debtor: The New York Internet Co., Inc.
        100 William Street
        Suites 318, 801 and 2100
        New York, NY 10038

Case No.: 17-10326

Chapter 11 Petition Date: February 14, 2017

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

Debtor's Counsel: Tracy L. Klestadt, Esq.
                  KLESTADT WINTERS JURELLER SOUTHARD & STEVENS,
LLP
                  200 West 41st Street, 17th Floor
                  New York, NY 10036-7203
                  Tel: (212) 972-3000
                  Fax: (212) 972-2245
                  E-mail: tklestadt@klestadt.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Phillip Koblence, vice president and
chief operating officer.

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

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

         http://bankrupt.com/misc/nysb17-10326.pdf


OMNITATUS GROUP: Seeks Court Permission to Use Cash Collateral
--------------------------------------------------------------
Omnitatus Group, LLC seeks authorization from the U.S. Bankruptcy
Court for the Western District of North Carolina to use cash
collateral.

The Debtor owns property located at 3030 Senna Drive in Matthews,
North Carolina 2810 which houses a medical clinic, which is leased
by Poly Clinic, LLC.  Pursuant to their lease agreement, Poly
Clinic, is required to pay the Debtor $5,500 per month.

The Debtor contends that the property is encumbered by three
liens:

      (a) Bank of North Carolina holds a secured claim by virtue of
two promissory notes, one with a current balance of approximately
$173,117, and the other with a current balance of $39,660.

      (b) Small Business Administration holds a secured claim by
virtue of a promissory note, with current balance of approximately
$104,956 and secured by a deed of trust.

The Debtor seeks permission to use the cash collateral to make
mortgage payments to Small Business Administration and the Bank of
North Carolina until its disclosure statement and plan are
approved.  The Debtor also seeks permission to provide adequate
protection to Small Business Administration and the Bank of North
Carolina.

A hearing on the Debtor's use of cash collateral will be held on
February 15, 2017, at 9:30 a.m.

A full-text copy of the Debtor's Motion, dated February 2, 2017, is
available at https://is.gd/EtPT6y

                 About Omnitatus Group, LLC

Omnitatus Group, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D.N.C. Case No. 16-31984) on December 9,
2016.  The Petition was signed by Josinelia C. Garuba, authorized
representative.  The Debtor is represented by Sandra U. Cummings,
Esq., at The Cummings Law Firm P.A.  At the time of filing, the
Debtor estimated assets and liabilities at $100,000 to $500,000
each.


ONSITE TEMP: Exit Plan to Pay $200K to Unsecured Creditors
----------------------------------------------------------
Onsite Temp Housing Corp. has filed a Chapter 11 plan of
reorganization that proposes to pay a total of $200,040 to general
unsecured creditors.

The plan filed with the U.S. Bankruptcy Court in Arizona proposes
to make monthly payments of $3,334 to creditors holding Class 26
general unsecured claims pro rata.  Payments will begin 30 days
after the effective date of the plan.

Class 26 consists of all undisputed unsecured debt that is not
insider or lessee debt.  These claims total $230,588.63.  This
class also includes all the unsecured claims from Classes 2, 5, and
7 to 23.  Assuming Onsite Temp Housing does not object to any
proofs of claim, these claims total $4,112,573.50.

The plan will be funded by operating revenues.  Moreover, Onsite
Acquisition Partners LLC, an Arizona-based company, will invest
$300,000 of new value into Onsite Temp Housing to aid in the
reorganization.

Onsite Temp Housing will issue new stock to Onsite Acquisition so
that it will now own 49% of the shares of the company.  This new
value will be used for general operating expenses of the company,
according to its disclosure statement filed on Feb. 7.

A copy of the disclosure statement is available for free at:

                   https://is.gd/x6qoYL

                    About Onsite Temp

Onsite Temp Housing Corporation, based in Phoenix, Arizona,
provides temporary housing solutions to the insurance,
construction, mining and natural disaster sectors in the form of RV
travel trailers.

The Debtor 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.


OSUM PRODUCTION: Moody's Hikes Corporate Family Rating to Caa1
--------------------------------------------------------------
Moody's Investors Service upgraded Osum Production Corp.'s
Corporate Family Rating to Caa1 from Caa2, Probability of Default
Rating to Caa1-PD from Caa2-PD, and US$206 million senior secured
term loan to Caa1 from Caa2. Moody's affirmed the B1 rating on
Osum's US$15 million super-priority senior secured revolver. The
outlook was changed to stable from negative.

"Osum's upgrade to Caa1 reflects the improved cash flow and credit
metrics in 2017 and 2018 realized by higher oil prices," said
Paresh Chari, Moody's Assistant Vice President, "The upgrade also
reflects Osum's good liquidity driven by its sizeable cash
balance."

Upgrades:

Issuer: Osum Production Corp.

-- Probability of Default Rating, Upgraded to Caa1-PD from
Caa2-PD

-- Corporate Family Rating, Upgraded to Caa1 from Caa2

-- Senior Secured 1st Lien Term Loan, Upgraded to Caa1(LGD4) from
Caa2(LGD4)

Outlook Actions:

Issuer: Osum Production Corp.

-- Outlook, Changed To Stable From Negative

Affirmations:

Issuer: Osum Production Corp.

-- Senior Secured Bank Credit Facility, Affirmed B1(LGD1)

RATINGS RATIONALE

Osum's Caa1 Corporate Family Rating (CFR) reflects weak leverage
(7x debt to EBITDA; 7% retained cash flow to debt) and coverage
(1.9x EBITDA to interest) expected in 2017 and 2018. The rating
also considers Osum's very small size (7,500 bbls/d) and
concentrated production in one steam assisted gravity drainage
(SAGD) project. The rating is supported by Osum's good liquidity in
2017.

At September 30, 2016 Osum had C$69 million of cash and full
availability under its US$15 million revolving credit facility due
in 2019. Moody's expects the negative free cash flow of about C$25
million through 2017 and no debt maturities until 2020. The term
loan contains one financial covenant, with which Moody's expects
Osum will be well in compliance with through 2017. Alternate
sources of liquidity are limited as its assets are pledged as
collateral to the secured debt.

In accordance with Moody's Loss Given Default (LGD) Methodology,
the US$15 million super-priority revolving credit facility is rated
B1 because the US$206 million senior secured term loan provides
cushion. The senior secured term loan is rated at the Caa1 CFR as
it makes up the majority of the capital structure. The C$371
million unsecured subordinated intercompany loan is treated as
equity due to its deeply subordinated nature.

The stable outlook reflects Moody's expectations that Osum's
production and credit metrics will remain steady through 2017 and
2018.

The rating could be upgraded if retained cash flow to debt was
likely to trend towards 15% (8% LTM Sept16), EBITDA to interest
moved towards 2.5x (2x LTM Sept16), production was maintained
around 7,500 bbls/d and liquidity is adequate.

The rating could be downgraded if the liquidity profile worsens or
if EBITDA to interest falls below 1.5x (2x LTM Sept16).

Osum is a privately-owned Calgary, Alberta-based exploration and
production company producing roughly 7,500 bbls/d (production is
net of royalties) from its Orion SAGD project in Cold Lake,
Alberta.

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



PAC RECYCLING: Taps Commercial Advisors as Real Estate Broker
-------------------------------------------------------------
PAC Recycling, LLC seeks approval from the U.S. Bankruptcy Court
for the District of Oregon to hire a real estate broker.

The Debtor proposes to hire Commercial Advisors, LLC to assist in
the sale of commercial lot located at 30809 and 30811 Ehlen Drive,
Albany, Oregon.  Commercial Advisors will receive a 6% commission.

George Grabenhorst, senior advisor at Commercial Advisors,
disclosed in a court filing that his firm does not hold or
represent any interest adverse to the Debtor's bankruptcy estate.

The firm can be reached through:

     George M. Grabenhorst
     Commercial Advisors, LLC
     1665 Liberty St. SE, Suite 200
     Salem, OR 97302

                       About PAC Recycling

PAC Recycling, LLC, based in Eugene, Ore., filed a Chapter 11
petition (Bankr. D. Ore. Case No. 17-60001) on January 2, 2017.  
Hon. Thomas M. Renn presides over the case. Loren S. Scott, Esq. of
The Scott Law Group serves as bankruptcy counsel.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities. The petition was signed by Rodney M.
Schultz, member.

A list of the Debtor's two unsecured creditors is available for
free at http://bankrupt.com/misc/orb17-60001.pdf



PACHECO BROTHERS: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Pacheco Brothers Gardening, Inc.
        20973 Cabot Blvd
        Hayward, CA 94545

Case No.: 17-40403

Chapter 11 Petition Date: February 13, 2017

Court: United States Bankruptcy Court
       Northern District of California (Oakland)

Judge: Hon. William J. Lafferty

Debtor's Counsel: Chris D. Kuhner, Esq.
                  KORNFIELD, NYBERG, BENDES, KUHNER & LITTLE P.C.
                  1970 Broadway #225
                  Oakland, CA 94612
                  Tel: (510) 763-1000
                  E-mail: c.kuhner@kornfieldlaw.com

Total Assets: $1.36 million

Total Liabilities: $2.78 million

The petition was signed by Lynn Pacheco, secretary.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/canb17-40403.pdf


PARAGON OFFSHORE: Rigs Aren't De Minimis Assets, Shareholder Says
-----------------------------------------------------------------
DC Capital Advisers, Ltd., a Paragon Offshore plc shareholder, asks
the Delaware Bankruptcy Court to deny the Debtors' motion to
establish procedures governing the sale of certain de minimis
assets.

DC Capital contends that the Debtors' bid appears to be an effort
to implement their most recent Plan of reorganization by providing
for the virtual abandonment of approximately half of the Debtors'
fleet of rigs. The Motion seeks a procedure by which the Debtors
may dispose of up to 16 rigs, and, depending upon the purchase
price, provide no notice or opportunity to object to interested
parties.  The Motion does not, however, advise the Court or
interested parties about fundamental information that would enable
one to evaluate whether the rigs have value beyond the net costs of
scrapping, either as part of a business plan or individually.

DC Capital contends that the Motion should be denied unless and
until the Debtors provide information to interested parties
sufficient to permit them to evaluate the merits of the Motion both
in the context of the Debtors' Plan and as to the rigs.

DC Capital recounts that the Debtors' Second Amended Plan of
Reorganization -- 53% Plan -- was denied confirmation because of
the Court's concerns regarding the Debtors' liquidity.  The 53%
Plan provided existing equity with 53% of the reorganized entities.
More recently, the Debtors proposed their Third Plan of
Reorganization, which extinguishes equity.  The sudden and
precipitous drop in the recovery to equity -- in the face of
generally improving market conditions -- concerns DC Capital and
forms the background for its opposition to the Motion.

DC Capital tells the Court that the most recent Plan -- 0% Plan --
does not accurately reflect the Debtors' value, but rather is a
drastic overreaction to the Court's decision denying confirmation
to the 53% Plan.  According to DC Capital, it appears to be an
overreaction, in part, because the Court's concern was about
liquidity, not enterprise value. As the Court itself noted,
"[T]hese cases are all about liquidity.  The Debtors' Modified Plan
robs the businesses of too much cash and does not preserve
sufficient liquidity to meet the challenges of the next several
years. These businesses can and should reorganize and recover but
not under the Modified Plan."

For example, according to DC Capital, the Debtors should provide
information regarding:

     (i) efforts to market the rigs for work;

    (ii) the actual costs of stacking the rigs (and what the costs
have been historically);

   (iii) efforts to reduce stacking costs;

    (iv) the gross and net book value of the rigs;

     (v) the Debtors' tax basis in the rigs; and

    (vi) efforts to integrate the rigs in any business plan, and
impediments thereto.

DC Capital also notes that the rigs' tax attributes, for example,
could be more valuable to the Debtors than the rigs themselves.

DC Capital says because interested parties have no insight into why
the rigs are not and cannot be a productive part of the Debtors'
business plan, it is impossible to determine Whether any
disposition(s) of the rigs makes good business sense.  The Debtors'
Motion seeks to fundamentally alter the composition of the Debtors'
asset base, and could impair their future ability to compete in the
marketplace. Unless and until the Debtors provide information
enabling the parties to test the valuations underlying the 0% Plan
and the rigs themselves, the Motion to should be denied.

DC Capital sought to avoid filing this objection by requesting
information from the Debtors in advance of the deadline.  On
February 10, 2017, DC Capital reached out to the Debtors' counsel
and requested the Debtors' assistance in coming to a better
understanding of the Debtors' support for the Motion and the 0%
Plan.  During the call DC Capital requested specific information
associated with the "16 or so" rigs that are the subject of the
Motion.  The Debtors' counsel advised DC Capital that the Debtors
are unwilling to voluntarily provide any diligence regarding the
rigs, the 0% Plan or any other aspect of these cases.

DC Capital explains that the information it seeks is necessary, and
reason exists to be skeptical of whether the rigs are truly
worthless to the Debtors. Those rigs were not viewed as de minimis
until recently (as evidenced, at a minimum, by the Debtors'
decision to hold those rigs for a full year in bankruptcy).
Moreover, the Debtors essentially have agreed already that certain
information DC Capital seeks is relevant and would be helpful. The
Debtors propose to include book value in the information they
provide to interested parties upon any sale that nets more than
$100,000.

DC Capital believes the rigs can be a productive part of a business
plan that maximizes value to all interested parties, including
equity. DC Capital is open-minded,
however, about whether its views on the rigs are adequately
informed. But it cannot test its assumptions and hypotheses without
information that the Debtors are thus far unwilling to provide.

DC Capital holds approximately 3.5 million shares in Paragon
Offshore plc.

Counsel for DC Capital Advisers, Ltd.:

     Mark E. Felger, Esq.
     COZEN O'CONNOR
     1201 N. Market Street, Suite 1001
     Wilmington, DE 19801
     Telephone: (302) 295-2087
     Facsimile: (877) 286-4528
     Email: mfelger@cozen.com

          - and -

     Karen B. Dine, Esq.
     Jerry Hall, Esq.
     KATTEN MUCHIN ROSENMAN LLP
     575 Madison Avenue
     New York, NY 10022-25 85
     Telephone: (212) 940-8800
     Facsimile: (212) 940-8776
     Email: karen.dine @kattenlaw.com
            jerry.hall@kattenlaw.com

                     About Paragon Offshore

Paragon Offshore plc -- http://www.paragonoffshore.com/ --is  
a global provider of offshore drilling rigs.  Paragon's
operated
fleet includes 34 jackups, including two high specification heavy
duty/harsh environment jackups, and six floaters (four drillships
and two semi-submersibles).  Paragon's primary business is
contracting its rigs, related equipment and work crews to conduct
oil and gas drilling and workover operations for its exploration
and production customers on a dayrate basis around the world.
Paragon's principal executive offices are located in Houston,
Texas.  Paragon is a public limited company registered in
England
and Wales and its ordinary shares have been trading on the
over-the-counter markets under the trading symbol "PGNPF" since
Dec. 18, 2015.

Paragon Offshore Plc, et al., filed Chapter 11 bankruptcy
Petitions (Bankr. D. Del. Case Nos. 16-10385 to 16-10410) on Feb.
14, 2016, after reaching a deal with lenders on a reorganization
plan that would eliminate $1.1 billion in debt.

The petitions were signed by Randall D. Stilley as authorized
representative.  Judge Christopher S. Sontchi is assigned to the
cases.

The Debtors reported total assets of $2.47 billion and total debt
of $2.96 billion as of Sept. 30, 2015.

The Debtors engaged Weil, Gotshal & Manges LLP as general counsel,
Richards, Layton & Finger, P.A. as local counsel, Lazard Freres &
Co. LLC as financial advisor, Alixpartners, LLP as restructuring
advisor, and Kurtzman Carson Consultants as claims and noticing
agent.

Andrew Vara, acting U.S. trustee for Region 3, on Jan. 27
appointed three creditors of Paragon Offshore plc to serve on
the official committee of unsecured creditors.


PAWS AND CLAWS: Seeks Authorization to Use Cash Collateral
----------------------------------------------------------
Paws and Claws Pet Inn, LLC, seeks authorization from the U.S.
Bankruptcy Court for the Middle District of North Carolina to use
cash collateral.

The Debtor tells the Court that it is dependent upon use of the
cash collateral to pay on-going costs of preserving and maintaining
the property, marketing the property and paying the costs of
administering this bankruptcy.  Such that, if the Debtor will not
permitted to use the cash collateral to pay these expenses, the
Debtor's reorganization would be rendered impossible, and the fair
market value of the estate's assets would be significantly reduced,
resulting in financial loss to all parties in interest.

The proposed Budget provides total expenses of approximately
$20,624 for the period from Dec. 1, 2016 through Feb. 28, 2017,
and $7,038 for the month of March 2017.

The Debtor leases a turn-key pet boarding and grooming facility
located at 5725 Normans Road, Rougemont, North Carolina to a tenant
who operates the Facility. Since filing in November, the Debtor has
been engaged in a dispute with its tenant, and as a result the
tenant has not paid rent. Consequently, the parties have entered
into a consent order, pursuant to which the tenant will begin to
pay rent on the Facility, which, however, will be deposited into
the Debtor-in-Possession bank account.

The Debtor relates that it has executed a Promissory Note in favor
of Cardinal State Bank in the principal amount of $461,600 secured
by a Deed of Trust which contains an assignment of leases and rents
clause that irrevocably granted Cardinal State as additional
security all the right, title and interest in and to any and all
leases for the use of the Facility.

Subsequently, Yadkin Valley Bank, the successor in interest to
Cardinal State Bank, assigned the Note and Deed of Trust to
Swallowtail Pool I LLC, which in turn assigned the Note and Deed of
Trust to Key Star Capital Fund, L.P. Accordingly, Key Star filed in
its Proof of Clam, asserts that the principal amount of claim,
which is secured by the Facility, is $290,019, plus post-petition
interest, attorneys' fees and costs.

The Debtor believes that the principal amount owed to Self-Help
Ventures Fund is approximately $126,563, plus postpetition
interest, attorneys’ fees and costs, secured by a Future Advances
Deed of Trust which contains an assignment of leases and rents
clause that assigns all rents and profits of the Facility to
SelfHelp.

In addition, the Internal Revenue Service has filed its claim in
the amount of $65,866, of such amount, $39,763 is listed as
secured.

The Debtor contends that based on the available appraisals, the
value of the Facility is between $499,000 and $660,000, while the
total amount of secured claims is $456,346, leaving an equity
cushion of between approximately $42,000 and $203,000. As such,
even if the claims of Key Star, Self-Help and the IRS are allowed
in full, there is still a substantial equity cushion in the
collateral.

Additionally, the Debtor proposes to make regular adequate
protection payments to Key Star and Self-Help equal to their
contract rates of interest, and provide limitations on cash
collateral usage to ensure that they are adequately protected.

A full-text copy of the Debtor's Motion, dated Feb. 9, 2017, is
available at http://tinyurl.com/z7klr2o

A copy of the Debtor's Budget is available at
http://tinyurl.com/hmfkk2n

                  About Paws and Claws Pet Inn

Paws and Claws Pet Inn, LLC, filed a Chapter 11 petition (Bankr.
M.D. N.C. Case No. 16-81010) on November 14, 2016.  The Petition
was signed by Patricia R. Williford, Member/Manager.  The Debtor is
represented by James C. White, Esq. at the law office of Parry
Tyndall White.  At the time of filing, the Debtor had $500,000 to
$1 million in estimated assets and $100,000 to $500,000 in
estimated liabilities.

The Debtor tapped Donna Ray Berkelhammer and Berkelhammer Law PC,
dba Legal Direction as special counsel.


PEABODY ENERGY: Announces Pricing of $1-Bil. Senior Secured Notes
-----------------------------------------------------------------
Peabody Energy on Feb. 8, 2017, announced the pricing of its
previously announced private offering of $1.0 billion aggregate
principal amount of senior secured notes, consisting of $500
million of 6.000% senior secured notes due 2022 and $500 million of
6.375% senior secured notes due 2025.  The offering of the notes is
expected to close on Feb. 15, 2017, subject to customary closing
conditions, at which time the net proceeds of the offering will be
funded into an escrow account pending Peabody's emergence from
bankruptcy.

The notes are being offered by a special purpose wholly owned
subsidiary of Peabody in connection with the restructuring of
Peabody as part of the Second Amended Joint Plan of Reorganization
filed with the U.S. Bankruptcy Court for the Eastern District of
Missouri on Jan. 27, 2017.  If Peabody's plan of reorganization is
confirmed and certain other conditions are satisfied on or before
Aug. 1, 2017, the net proceeds from the offering will be released
from escrow to fund a portion of the distributions to creditors
provided for under the plan of reorganization, and Peabody will
become the obligor under the notes.

Following Peabody's emergence from bankruptcy, the notes will be
jointly and severally, and fully and unconditionally, guaranteed on
a senior secured basis by substantially all of Peabody's current
and future direct or indirect U.S. subsidiaries (subject to certain
exceptions).  The notes will also be secured by a first priority
lien on substantially all of Peabody's tangible and intangible
assets (subject to certain exceptions).

The notes and related guarantees are being offered and sold in a
private placement exempt from the registration requirements of the
Securities Act of 1933 (the "Securities Act") and are being offered
and sold only to qualified institutional buyers under Rule 144A of
the Securities Act, and to non-U.S. persons in transactions outside
the United States under Regulation S of the Securities Act.  The
notes have not been, and will not be, registered under the
Securities Act and may not be offered or sold in the United States
absent registration or an applicable exemption from, or in a
transaction not subject to the registration requirements of the
Securities Act and other applicable securities laws.

This press release does not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the
notes in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.

                About Peabody Energy Corporation

Headquartered in St. Louis, Missouri, Peabody Energy Corporation
claims to be the world's largest private-sector coal company.  As
of Dec. 31, 2014, the Company owned interests in 26 active coal
mining operations located in the United States (U.S.) and
Australia.  The Company has a majority interest in 25 of those
mining operations and a 50% equity interest in the Middlemount Mine
in Australia.  In addition to its mining operations, the Company
markets and brokers coal from other coal producers, both as
principal and agent, and trade coal and freight-related contracts
through trading and business offices in Australia, China, Germany,
India, Indonesia, Singapore, the United Kingdom
and the U.S.

Peabody posted a net loss of $1.988 billion for 2015, wider from
the net loss of $777 million in 2014 and the $513 million net loss
in 2013.

At Dec. 31, 2015, the Company had total assets of $11.02 billion
against $10.1 billion in total liabilities, and stockholders'
equity of $919 million.

On April 13, 2016, Peabody Energy Corp. and 153 affiliates filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code.  The 154 cases are pending joint
administration before the Honorable Judge Barry S. Schermer under
(Bankr. E.D. Mo. Case No. 16-42529).

As of the Petition Date, PEC has approximately $4.3 billion in
outstanding secured debt obligations and $4.5 billion in
outstanding unsecured debt obligations.

The Debtors tapped Jones Day as general counsel; Armstrong,
Teasdale LLP as local counsel; Lazard Freres & Co. LLC and
investment banker Lazard PTY Limited as investment banker; FTI
Consulting, Inc., as financial advisors; and Kurtzman Carson
Consultants, LLC, as claims, ballot and noticing agent.

The Office of the U.S. Trustee on April 29, 2016, appointed seven
creditors of Peabody Energy Corp. to serve on the official
committee of unsecured creditors.  The Committee retained Morrison
& Foerster LLP as counsel, Spencer Fane LLP as local counsel,
Curtis, Mallet-Prevost, Colt & Mosle LLP as conflicts counsel,
Blackacre LLC as its independent expert, and Berkeley Research
Group, LLC, as financial advisor.

                        *     *     *

Judge Barry S. Schermer of the U.S. Bankruptcy Court for the
Eastern District of Missouri on Jan. 27, 2017, approved the second
amended disclosure statement explaining Peabody Energy Corporation,
et al.'s joint plan of reorganization and scheduled the
confirmation hearing for March 16, 2017, at 10:00 A.M., Central
Time.  Objections to confirmation of the Plan must be filed on or
before March 9.


PLAZE INC: Repricing Transaction No Impact on Moody's 'B2' CFR
--------------------------------------------------------------
Moody's Investors Service said that Plaze, Inc.'s repricing
transaction is credit positive, but it does not impact the
company's ratings, including its B2 Corporate Family Rating (CFR),
B2-PD Probability of Default Rating (PDR), B2 rating on the
company's existing first lien senior secured credit facilities or
stable outlook.

Plaze, Inc., headquartered in Addison, Illinois, is a manufacturer
and marketer of specialty aerosol products, including cleaners,
disinfectants, lubricants, air fresheners, antiperspirants,
sunscreen, polishes, adhesives and insecticides for the North
American market. The company has approximately 400 proprietary
aerosol formulations and serves janitorial, sanitation, industrial,
automotive, paint, glass, personal care and other end markets. In
July 2015, Plaze was acquired by the Pritzker Group. In 2016, the
company generated approximately $580 million in pro forma revenues.


POSITIVEID CORP: In Talks With Holders to Resolve Possible Default
------------------------------------------------------------------
PositiveID Corporation disclosed in a Form 8-K report filed with
the Securities and Exchange Commission that it received notice from
a holder and was told verbally that a second holder intended to
send a notice of convertible redeemable promissory notes with an
aggregate face value of approximately $120,000, that certain events
of default had occurred.  This debt comprises approximately 2% of
the Company's outstanding convertible debt.  

The Company expects that the notice that will shortly be sent will
assert that the Company is in default under the terms of the Notes
because the Company failed to tender conversion shares to the
Notifying Holders within three business days of notices of
conversion, and failed to reserve the amount of shares required if
the Notes would be fully converted.  As a result of the potential
Events of Default, interest on the Notes increases and additional
penalties may accrue.  The Company is in ongoing discussions with
the Notifying Holders regarding a resolution of the matter.

                         About PositiveID

Delray Beach, Fla.-based PositiveID Corporation has historically
developed, marketed and sold RFID systems used for the
identification of people in the healthcare market.  Beginning in
early 2011, the Company has focused its strategy on the growth of
its HealthID business, including the continued development of its
GlucoChip, its Easy Check breath glucose detection device, its
iglucose wireless communication system, and potential strategic
acquisition opportunities of businesses that are complementary to
its HealthID business.

PositiveID reported a net loss attributable to common stockholders
of $11.5 million on $2.94 million of revenues for the year ended
Dec. 31, 2015, compared with a net loss attributable to common
stockholders of $8.22 million on $945,000 of revenues for the year
ended Dec. 31, 2014.

As of Sept. 30, 2016, PositiveID had $2.61 million in total assets,
$12.93 million in total liabilities, and a total stockholders'
deficit of $10.32 million.

Salberg & Company, P.A., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company reported a
net loss, and used cash for operating activities of approximately
$11,404,000 and $4,507,000 respectively, in 2015.  At Dec. 31,
2015, the Company had a working capital deficiency, a stockholders'
deficit and an accumulated deficit of approximately $10,694,000,
$11,842,000 and $144,161,000 respectively.  These matters raise
substantial doubt about the Company's ability to continue as a
going concern.


POSITIVEID CORP: Obtains Default Waivers From Lenders
-----------------------------------------------------
PositiveID Corporation entered into a waiver of cross-default with
lenders who hold 96% of the Company's outstanding convertible debt.
Under the terms of the agreement dated Feb. 6, 2017, the Lenders
have agreed to waive their rights or remedies to demand repayment
of their loans or any other remedy from the Company, related to
notices of default received by the Company.  Except as expressly
provided in the Agreement, the loans will continue unchanged and in
full force and effect, and all rights, powers, and remedies of the
Lenders thereunder and under applicable law are reserved, according
to a Form 8-K report filed with the Securities and Exchange
Commission.

                      About PositiveID

Delray Beach, Fla.-based PositiveID Corporation has historically
developed, marketed and sold RFID systems used for the
identification of people in the healthcare market.  Beginning in
early 2011, the Company has focused its strategy on the growth of
its HealthID business, including the continued development of its
GlucoChip, its Easy Check breath glucose detection device, its
iglucose wireless communication system, and potential strategic
acquisition opportunities of businesses that are complementary to
its HealthID business.

PositiveID reported a net loss attributable to common stockholders
of $11.5 million on $2.94 million of revenues for the year ended
Dec. 31, 2015, compared with a net loss attributable to common
stockholders of $8.22 million on $945,000 of revenues for the year
ended Dec. 31, 2014.

As of Sept. 30, 2016, PositiveID had $2.61 million in total assets,
$12.93 million in total liabilities, and a total stockholders'
deficit of $10.32 million.

Salberg & Company, P.A., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company reported a
net loss, and used cash for operating activities of approximately
$11,404,000 and $4,507,000 respectively, in 2015.  At Dec. 31,
2015, the Company had a working capital deficiency, a stockholders'
deficit and an accumulated deficit of approximately $10,694,000,
$11,842,000 and $144,161,000 respectively.  These matters raise
substantial doubt about the Company's ability to continue as a
going concern.


PRECISION OPTICS: AWM Investment Reports 7% Stake as of Dec. 31
---------------------------------------------------------------
AWM Investment Company, Inc. disclosed in an amended Schedule 13G
filed with the Securities and Exchange Commission that as of Dec.
31, 2016, it beneficially owns 568,776 shares of common stock of
Precision Optics Corporation representing 7 percent of the shares
outstanding.

AWM Investment Company, Inc., a Delaware corporation, is the
investment adviser to Special Situations Fund III QP, L.P.
and Special Situations Private Equity Fund, L.P.  As the investment
adviser to the Funds, AWM holds sole voting and investment power
over 550,716 Warrants and 284,388 Warrants to purchase shares of
Common Stock of the Issuer held by SSFQP and 284,388 Warrants to
purchase Shares held by SSPE.  Austin W. Marxe, David M. Greenhouse
and Adam C. Stettner previously reported the Shares held by the
Funds on Schedule 13D.

The Warrants may be exercised to the extent that the total number
of shares of Common Stock then beneficially owned does not exceed
4.99% of the outstanding shares.  The holder may request an
increase of up to 9.99% of the outstanding shares, effective on the
61st day after notice is given to the Company.

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

                     https://is.gd/ossZZS

                    About Precision Optics

Headquartered in Gardner, Massachusetts, Precision Optics
Corporation, Inc., has been a developer and manufacturer of
advanced optical instruments since 1982.  The Company designs and
produces high-quality micro-optics, medical instruments and other
advanced optical systems.  The Company's medical instrumentation
line includes laparoscopes, arthroscopes and endocouplers and a
world-class product line of 3-D endoscopes for use in minimally
invasive surgical procedures.

Precision Optics reported a net loss of $1.03 million on $3.91
million of revenues for the year ended June 30, 2016, compared to a
net loss of $1.17 million on $3.91 million of revenues for the year
ended June 30, 2015.

As of Sept. 30, 2016, Precision Optics had $1.94 million in total
assets, $1.58 million in total liabilities and $354,665 in total
stockholders' equity.

Stowe & Degon LLC, in Westborough, Massachusetts, issued a "going
concern" qualification on the consolidated financial statements for
the year ended June 30, 2016, citing that the Company has suffered
recurring net losses and negative cash flows from operations, which
raises substantial doubt about its ability to continue as a going
concern.


RADNOR HOLDINGS: Former CEO's Lawsuit Against Counsel, Buyer Junked
-------------------------------------------------------------------
Matthew Guarnaccia, writing for Bankruptcy Law360, reports that a
Delaware federal judge on Feb. 9 upheld a bankruptcy court ruling
freeing Skadden Arps Slate Meagher & Flom LLP from a lawsuit over
former Radnor Holdings Corp. CEO Michael T. Kennedy's allegations
that the law firm conspired with Tennenbaum Capital Partners LLC,
the eventual buyer of bankrupt Radnor Holdings Corp.  The federal
court found that there is no evidence that the two colluded to
force the Company's sale.

                   About Radnor Holdings

Based in Radnor, Pennsylvania, Radnor Holdings Corporation
-- http://www.radnorholdings.com/-- manufactured and distributed  

disposable food service products in the United States, and
specialty chemicals worldwide.  

Radnor and its affiliates filed for Chapter 11 protection (Bankr.
D. Del. Lead Case No. 06-10894) on Aug. 21, 2006.  When the
Debtors filed for protection from their creditors, they disclosed
total assets of $361,454,000 and debt of $325,300,000.

Gregg M. Galardi, Esq., and Sarah E. Pierce, Esq., at Skadden,
Arps, Slate, Meagher & Flom, LLP, in Wilmington, Del.; and Timothy
R. Pohl, Esq., Patrick J. Nash, Jr., Esq., and Rena M. Samole,
Esq., at Skadden, Arps, Slate, Meagher & Flom, LLP, in Chicago,
Ill., served as the Debtors' bankruptcy counsel.


RALSTON-LIPPINCOTT: Court OKs Use of Orange Bank Cash Collateral
----------------------------------------------------------------
Judge Cecelia G. Morris of the U.S. Bankruptcy Court for the
Southern District of New York authorized
Ralston-Lippincott-Hasbrouck-Ingrassia Funeral Home, Inc., and its
affiliated Debtors to use cash collateral.  

The Debtors asserted that they require the use of the revenues from
their funeral service business, and the rents from the Greenwood
Lake Property, in order to pay necessary business expenses,
including the necessary carrying costs of the Greenwood Lake
Property.

The Debtors also asserted that, in order to remain in possession of
their property and continue their business activity in an effort to
achieve a successful reorganization, they must be permitted to use
cash collateral in their ordinary business operations as they
currently have no alternative borrowing source from which to obtain
funding to operate its business.

The approved Budget provides following monthly operating expenses
for each Debtors:

       Ralston-Lippincott (Middletown)            $35,970

       Lippincott-Ingrassia Chester               $ 5,318

       Lippincott Funeral Chapel, Inc. Goshen     $ 4,358

       Greenwood Lake
         (non-filing affiliate Caitant, Inc.)     $11,200

Orange Bank was granted postpetition replacement liens in and to
property of the estate of the kind securing Orange Bank's
indebtedness prepetition, to the extent such property secured such
indebtedness prepetition.

The Debtors were directed to provide Orange Bank with proof of
adequate insurance on their property, and to serve Orange Bank's
counsel with their monthly operating reports.

A final hearing on the Debtor's request to use cash collateral is
scheduled on March 28, 2017 at 12:00 p.m.

A full-text copy of the Order, dated February 2, 2017, is available
at https://is.gd/R4gnED

        About Ralston-Lippincott-Hasbrouck-Ingrassia
                   Funeral Home, Inc.

Ralston-Lippincott-Hasbrouck-Ingrassia Funeral Home, Inc.,
Lippincott-Ingrassia Funeral Home, Inc., Lippincott Funeral Chapel,
Inc. and CKI, LLC filed chapter 11 petitions (Bankr. S.D.N.Y. Case
Nos. 17-35114, 17-35115, 17-35116, and 17-35117, respectively) on
January 26, 2017.  The petitions were signed by Anthony Ingrassia,
president.  The Debtors are represented by Mike Pinsky, Esq., at
Hayward, Parker, O'Leary & Pinsky.  The case is assigned to Judge
Cecelia G. Morris.  

Ralston-Lippincott-Hasbrouck-Ingrassia disclosed assets at
$1,280,000 and liabilities at $1,110,000, while
Lippincott-Ingrassia Funeral disclosed assets at $557,600 and
liabilities at $422,138.

Debtors Ralston-Lippincott-Hasbrouck-Ingrassia Funeral Home, Inc.,
Lippincott-Ingrassia Funeral Home, Inc. and Lippincott Funeral
Chapel, Inc. own and operate affiliated funeral homes in Orange
County, New York.

The funeral home owned and operated by
Ralston-Lippincott-Hasbrouck-Ingrassia Funeral Home, Inc. is
located at 72 West Main Street in Middletown, New York.

The funeral home owned and operated by Lippincott-Ingrassia Funeral
Home, Inc. is located at 92 Main Street in Chester, New York.

The funeral home owned and operated by Lippincott Funeral Chapel,
Inc. is located at 107 Murray Street in Goshen, New York.

Debtor CKI owns improved real estate located at 4 Oak Street,
Greenwood Lake, New York 10925.  The Greenwood Lake Property is
rented to non-debtor affiliate Caitant, Inc., which operates that
property as an affiliated funeral home.


RESOLUTE ENERGY: Wellington Management Holds 13.36% Equity Stake
----------------------------------------------------------------
Wellington Management Group LLP, Wellington Group Holdings LLP and
Wellington Investment Advisors Holdings LLP disclosed in an amended
Schedule 13G filed with the Securities and Exchange Commission that
as of Jan. 31, 2017, they beneficially own 2,852,836 shares of
common stock of Resolute Energy Corp. representing 13.36 percent of
the shares outstanding.  Wellington Management Company LLP also
reported beneficial ownership of 2,826,347 common shares.  A
full-text copy of the regulatory filing is available for free at:

                   https://is.gd/mEEcAQ

              About Resolute Energy Corporation

Resolute Energy Corp. -- http://www.resoluteenergy.com/-- is an
independent oil and gas company focused on the acquisition,
exploration, exploitation and development of oil and gas
properties, with a particular emphasis on liquids focused,
long-lived onshore U.S. opportunities.  Resolute's properties are
located in the Paradox Basin in Utah and the Permian Basin in Texas
and New Mexico.

Resolute reported a net loss of $742 million in 2015, a net loss of
$21.9 million in 2014, and a net loss of $114 million in 2013.

As of Sept. 30, 2016, Resolute Energy had $294.9 million in total
assets, $634.0 million in total liabilities, and a total
stockholders' deficit of $339.1 million.

                          *    *    *

As reported by the TCR on Sept. 26, 2016, Moody's Investors
Service, upgraded Resolute Energy's Corporate Family Rating (CFR)
to 'Caa2' from 'Caa3', the Probability of Default Rating to Caa2-PD
from Caa3-PD and its senior unsecured notes rating to 'Caa3' from
'Ca'.  The Speculative Grade Liquidity rating was affirmed at
SGL-3.  The rating outlook was changed to positive from stable.

"The upgrade to Caa2 reflects Resolute's improved production and
drilling economics, which provide good visibility to continued
growth in a mid $40s oil price environment without increasing debt.
While leverage remains high, we expect moderation in the company's
reserve- and production-based debt metrics from significant
production growth at very competitive drillbit costs," noted John
Thieroff, Moody's VP-senior analyst.


RIO RANCHO SUPER MALL: Case Summary & 8 Unsecured Creditors
-----------------------------------------------------------
Debtor: Rio Rancho Super Mall LLC
        25211 Sunnymead Blvd.
        Moreno Valley, CA 92553

Case No.: 17-11053

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: February 13, 2017

Court: United States Bankruptcy Court
       Central District of California (Riverside)

Judge: Hon. Mark D. Houle

Debtor's Counsel: Steven P Chang, Esq.
                  LAW OFFICES OF LANGLEY & CHANG
                  13200 Crossroads Parkwa North, Suite 165
                  City of Industry, CA 91746
                  Tel: 626-281-1232
                  E-mail: heidi@spclawoffice.com

                    - and -

                  Christopher J Langley, Esq.
                  LAW OFFICES OF LANGLEY & CHANG
                  4158 14th St.
                  Riverside, CA 92501
                  Tel: 951-383-3388
                  Fax: 877-483-4434
                  E-mail: chris@langleylegal.com

Total Assets: $7.65 million

Total Liabilities: $12.69 million

The petition was signed by Kwang S. Kim, manager.

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

        http://bankrupt.com/misc/cacb17-11053.pdf


RWK ELECTRIC: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------
The Office of the U.S. Trustee on Feb. 14 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of RWK Electric Co., Inc.

                         About RWK Electric Co.

RWK Electric Co., Inc., filed a Chapter 11 bankruptcy petition
(Bankr. D.AZ. Case No. 16-14195) on Dec. 16, 2016.  The Hon.
Eddward P. Ballinger Jr. presides over the case.  Allen Barnes &
Jones, PLC represents the Debtor as counsel.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities.  The petition was signed by Rodney W.
Kawulok, president.


SAMSON RESOURCES: Settlement Joint Plan Confirmed; Exits Ch.11
--------------------------------------------------------------
Samson Resources Corporation on Feb. 13, 2017, disclosed that the
U.S. Bankruptcy Court for the District of Delaware has confirmed
its global settlement joint plan of reorganization.  Samson's
settlement plan was overwhelmingly approved by voting creditors,
including 100 percent of first lien and second lien lenders and
holders of over 99 percent of unsecured claims.  The successful
confirmation will permit the Company to emerge from Chapter 11 with
a sustainable capital structure and be well positioned to compete
in the oil and gas industry going forward.

"The plan of reorganization confirmed by the Court [Mon]day
culminates a thoughtful and thorough restructuring process that
dates back to late 2014.  It will enable us to significantly reduce
our debt and create a capital structure that will pave the way for
a successful future," said Andrew Kidd, President, Chief Executive
Officer, and General Counsel of Samson Resources.  "Our emergence
from Chapter 11 will allow us to move past a challenging period for
Samson and others in this industry and once again devote our full
attention to running our business as our industry continues its
recovery.  We look forward to strengthening and further focusing on
our operations as we move forward and thank all of our employees,
customers, partners, restructuring advisors and financial
stakeholders for supporting us throughout this process."

Additional information about Samson and its Chapter 11 case,
including a copy of its Global Joint Settlement Plan, is available
at www.GardenCityGroup.com/cases/SamsonRestructuring.  General
inquiries may be directed to the Company's dedicated restructuring
hotline at (888) 547-8096 or emailed to
SMNInfo@gardencitygroup.com.  The Company also has established a
dedicated vendor hotline at (918) 591-1306 or
SamsonVendors@gardencitygroup.com.

Samson is advised by PJT Partners, Inc., Alvarez & Marsal North
America, LLC, Kirkland & Ellis LLP and Klehr Harrison Harvey
Branzburg LLP.

               About Samson Resources Corporation

Samson Resources Corporation, et al., filed Chapter 11 bankruptcy
petitions (Bankr. D. Del. Lead Case No. 15-11934) on Sept. 16,
2015.  Philip W. Cook, the executive vice president and CFO, signed
the petition.  The Debtors estimated assets and liabilities Of more
than $1 billion.

Samson is an onshore oil and gas exploration and production company
with interests in various oil and gas leases primarily located in
Colorado, Louisiana, North Dakota, Oklahoma, Texas, and Wyoming.
The Operating Companies operate, or have royalty or working
interests in, approximately 8,700 oil and gas production sites.

Samson was acquired by KKR and Crestview from Charles Schusterman
in December 2011 for approximately $7.2 billion.  The investor
group provided approximately $4.1 billion in equity investments as
part of the purchase price.

Kirkland & Ellis LLP represents the Debtors as general counsel.
Klehr Harrison Harvey Branzburg LLP is the Debtors' local counsel.

Alvarez & Marsal LLC acts as the Debtors' financial advisor.
Blackstone Advisory Partners L.P. serves as the Debtors' Investment
banker.  Garden City Group, LLC, serves as claims and noticing
agent to the Debtors.

Andrew Vara, acting U.S. trustee for Region 3, appointed three
creditors of Samson Resources Corp. and its affiliated debtors to
serve on the official committee of unsecured creditors.  The
Committee has tapped White & Case LLP as counsel and Farnan LLP as
local counsel.

                          *     *     *

In September 2016, Judge Sontchi denied Samson Resources' Motion
for extension of their exclusive periods to file and solicit
acceptances of their Chapter 11 plan.  Samson sought an extension
of its exclusivity period by another six months through March
2017.

The Debtors have filed a plan of reorganization.  The Creditors'
Committee has filed a competing plan of liquidation.


SAMUEL E. WYLY: Caroline Wyly Could Lose $8M Home in Dallas
-----------------------------------------------------------
Ryan Boysen, writing for Bankruptcy Law360, reports that the U.S.
Department of Justice asked a Texas federal court on Feb. 9 to let
it foreclose on Caroline Dee Wyly's $8 million home in 5906
Deloache Avenue, Dallas, Texas.  According to the report, the DOJ
says that the property is located in the same Dallas neighborhood
former President George W. Bush, Mavericks owner Mark Cuban and
billionaire Ross Perot.

                       About Sam Wyly

Sam Wyly is a lifelong entrepreneur and author.  His first book,
1,000 Dollars & An Idea, is a biography that tells his story of
creating and building companies, including University Computing,
Michaels Arts & Crafts, Sterling Software, and Bonanza Steakhouse.
His second book, Texas Got It Right!, co-authored with his son,
Andrew, was gifted to roughly 450,000 students and teachers,
thought leaders, and readers, and continues to be a best-seller in
its Amazon category.

Samuel Wyly filed for Chapter 11 bankruptcy protection (Bankr.
N.D. Tex. Case No. 14-35043) on Oct. 19, 2014, weeks after a judge
ordered him to pay several hundred million dollars in a civil
fraud case.  In September 2014, a federal judge ordered Mr. Wyly
and the estate of his deceased brother to pay more than $300
million in sanctions after they were found guilty of committing
civil fraud to hide stock sales and nab millions of dollars in
profits.


SCHOPF'S HILLTOP: Hires Martin J. Cowie as Feasibility Expert
-------------------------------------------------------------
Schopf's Hilltop Dairy, LLC seeks authorization from the U.S.
Bankruptcy Court for the Eastern District of Wisconsin to employ
Martin J. Cowie as feasibility expert for the estate.

The Debtor requires Cowie to provide the Debtor on the appropriate
interest rate under Bankruptcy Code sec. 1129(b)(2)(i)(II) -
Confirmation of plan as well as related opinions as to the Debtor's
proposed plan. If necessary, Cowie will provide testimony at the
confirmation hearing.

The Debtor will compensate Cowie at $175 per hour.

The total fees for the professional services shall not exceed
$5,000 with further order of the Court.

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

Martin J. Cowie assured the Court that he does not represent any
interest adverse to the Debtor and its estates.

Cowie may be reached at:

     Martin J. Cowie
     5162 Island View Drive
     Oshkosh, WI 54901
     Tel: (920)385-0255

                   About Schopf's Hilltop

Schopf's Hilltop Dairy, LLC, based in Sturgeon Bay, Wisconsin,
filed a Chapter 11 petition (Bankr. E.D. Wis. Case No. 15-33333) on
Dec. 14, 2015.  The Hon. Michael G. Halfenger presides over the
case.

In its petition, the Debtor estimated $1 million to $10 million in
assets and $1 million to $10 million in liabilities.  The petition
was signed by Dennis W. Schopf, member.

The Debtor is represented by John W. Menn, Esq., Steinhilber,
Swanson, Mares, Marone & McDermott.


SCIENTIFIC GAMES: G1 Execution Reports 7.3% Stake as of Dec. 31
---------------------------------------------------------------
G1 Execution Services, LLC, Susquehanna Fundamental Investments,
LLC and Susquehanna Securities disclosed in a regulatory filing
with the Securities and Exchange Commission that as of Dec. 31,
2016, they beneficially own 6,383,005 shares of common stock of
Scientific Games Corporation representing 7.3 percent of the shares
outstanding.  A full-text copy of the Schedule 13G is available for
free at https://is.gd/O4m1R9

                    About Scientific Games

Scientific Games Corporation is a developer of technology-based
products and services and associated content for worldwide gaming
and lottery markets.  The Company's portfolio includes instant and
draw-based lottery games; electronic gaming machines and game
content; server-based lottery and gaming systems; sports betting
technology; loyalty and rewards programs; and social, mobile and
interactive content and services.  Visit
http://www.scientificgames.com/                  

As of Sept. 30, 2016, Scientific Games had $7.37 billion in total
assets, $9.12 billion in total liabilities and a total
stockholders' deficit of $1.75 billion.

Scientific Games reported a net loss of $1.39 billion on $2.75
billion of total revenue for the year ended Dec. 31, 2015,
compared to a net loss of $234.3 million on $1.78 billion of total
revenue for the year ended Dec. 31, 2014.

                          *   *    *

In November 2014, Moody's Investors Service downgraded Scientific
Games Corporation's Corporate Family Rating to 'B2' from 'B1'
following the announcement that the company had completed its
merger with Bally Technologies, Inc.

As reported by the TCR on Aug. 9, 2016, S&P Global Ratings lowered
its corporate credit rating on Scientific Games to 'B' from 'B+'.
The outlook is stable.  "The downgrade of Scientific Games reflects
our forecast for lower EBITDA growth and weaker credit measures
than we previously expected," said S&P Global Ratings credit
analyst Ariel Silverberg.


SEARS HOLDINGS: Modifies BofA Credit Pact Requirements, Covenants
-----------------------------------------------------------------
Sears Holdings Corporation, Sears Roebuck Acceptance Corp. and
Kmart Corporation entered into a second amendment to the Third
Amended and Restated Credit Agreement, dated as of July 21, 2015,
with a syndicate of lenders, including Bank of America, N.A., as
agent, on Feb. 10, 2017.

The Second Amendment, among other things, modifies certain reserve
requirements and covenants under the Credit Agreement so as to
increase the Company's effective availability under the revolving
credit facility under the Credit Agreement by approximately $140
million relative to the amount of availability reported at the end
of the third quarter of 2016.  Simultaneously, the Second Amendment
reduces the aggregate nominal commitments under the Revolving
Credit Facility from $1.971 billion to $1.5 billion, increases the
interest rate on loans under the Revolving Credit Facility by 25
basis points per annum (with the interest rate varying based on the
Company's consolidated leverage ratio) and increases the commitment
fee on undrawn amounts under the Revolving Credit Facility by 12.5
basis points.  The Second Amendment also increases the size of the
general debt basket under the Credit Agreement by $250 million to
$1 billion.

                       About Sears

Sears Holdings Corporation (NASDAQ: SHLD) --
http://www.searsholdings.com/-- is an integrated retailer focused  

on seamlessly connecting the digital and physical shopping
experiences to serve members.  Sears Holdings is home to Shop Your
Waytm, a social shopping platform offering members rewards for
shopping at Sears and Kmart as well as with other retail partners
across categories important to them.

The Company operates through its subsidiaries, including Sears,
Roebuck and Co. and Kmart Corporation, with more than 2,000 full-
line and specialty retail stores in the United States and Canada.

Kmart Corporation and 37 of its U.S. subsidiaries filed voluntary
Chapter 11 petitions (Bankr. N.D. Ill. Lead Case No. 02-02474) on
Jan. 22, 2002.  Kmart emerged from chapter 11 protection on May 6,
2003, pursuant to the terms of an Amended Joint Plan of
Reorganization.  Skadden, Arps, Slate, Meagher & Flom, LLP,
represented Kmart in its restructuring efforts.  Its balance sheet
showed $16,287,000,000 in assets and $10,348,000,000 in debts when
it sought chapter 11 protection.

Kmart bought Sears, Roebuck & Co., for $11 billion to create the
third-largest U.S. retailer, behind Wal-Mart and Target, and
generate $55 billion in annual revenues.  Kmart completed its
merger with Sears on March 24, 2005.

Sears Holdings reported a net loss of $1.12 billion on $25.14
billion of revenues for the year ended Jan. 30, 2016, compared to a
net loss of $1.81 billion on $31.19 billion of revenues for the
year ended Jan. 31, 2015.

As of July 30, 2016, Holdings had $10.61 billion in total assets,
$13.30 billion in total liabilities and a total deficit of $2.69
billion.

                          *     *     *

In March 2016, Fitch Ratings said it will retain Sears' long term
issuer default rating at 'CC'.

The TCR reported on Dec. 19, 2016, that S&P Global Ratings affirmed
its ratings, including the 'CCC+' corporate credit rating, on Sears
Holdings Corp.  "We revised our assessment of Sears' liquidity to
less than adequate from adequate based on the impact of continued
and meaningful cash use and constraints on contractually committed
liquidity from cash use and incremental secured funded borrowings,"
said credit analyst Robert Schulz.  "We do not incorporate any
significant prospective asset sales or execution of strategic
alternatives for legacy hardline brands into our assessment of
committed liquidity."

As reported by the TCR on Jan. 24, 2017, Moody's Investors Service
downgraded Sears Holdings Corporate Family Rating to Caa2 from
Caa1.  Sears' Caa2 rating reflects the company's sizable operating
losses - Domestic Adjusted EBITDA (as defined by Sears) was a loss
of $884 million in the latest 12 month period.


SEARS HOLDINGS: Outlines Next Phase of Strategic Transformation
---------------------------------------------------------------
Sears Holdings Corporation announced that it delivered meaningful
improvement in operating performance for the fourth quarter of
2016, and outlined important actions to drive profitability.  These
include steps to enhance the Company's liquidity and financial
flexibility, as well as a strategic restructuring program intended
to streamline operations, further improve operating performance and
target cost reductions of at least $1.0 billion on an annualized
basis.

Edward S. Lampert, chairman and chief executive officer of Sears
Holdings, said, "We significantly improved our operating
performance and made progress toward profitability in the fourth
quarter of 2016.  In the first several weeks of 2017, we undertook
a series of transactions to optimize our capital structure and
unlock value across our wide range of assets.  We also reached an
agreement to amend our asset-based credit facility which further
enhances our liquidity and financial flexibility.  Furthermore, we
intend to use net proceeds from our announced Craftsman and real
estate transactions, as well as from improvements in the operating
performance of the Company, to meaningfully reduce our outstanding
obligations and their associated expenses.

"To build on our positive momentum, today we are initiating a
fundamental restructuring of our operations that targets at least
$1.0 billion in cost savings on annualized basis, as well as
improves our operating performance.  To capture these savings, we
plan to reduce our corporate overhead, more closely integrate our
Sears and Kmart operations and improve our merchandising, supply
chain and inventory management.

"We believe the actions outlined today will reduce our overall cash
funding requirements and ensure that Sears Holdings becomes a more
agile and competitive retailer with a clear path toward
profitability.  In addition, we believe these actions will enable
us to focus our investments to drive our strategic transformation
and the evolution of our Shop Your Way ecosystem through value
enhancing partnerships, compelling offerings and a seamless online
and in-store shopping experience for our members," Mr. Lampert
concluded.

                   Next Phase of Transformation

Sears Holdings has initiated a restructuring program targeted to
deliver at least $1.0 billion in annualized cost savings in 2017.
These savings include cost reductions from the previously announced
closure of 108 Kmart and 42 Sears stores.

Under the restructuring program, the Company intends to:

   * Simplify Sears Holdings' organizational structure, including
     greater consolidation of the Sears and Kmart corporate and
     support functions, as well as improve accountability for
     profitability at its store and online channels;

   * Implement an integrated model to drive efficiencies in
     pricing, sourcing, supply chain and inventory management;

   * Optimize product assortment at Sears and Kmart stores, using
     data analytics to better align with preferences of its Best
     Members focusing on profitable, high-return Best Categories;
     and

   * Actively manage its real estate portfolio to identify
     additional opportunities for reconfiguration and reduction of

     capital obligations.

Profitability

In addition to the cost reduction target announced, the Company
continues to assess its overall operating model and capital
structure to become a more agile, asset-light and innovative
retailer focused on member experience.  To help drive the Company's
profitability, it intends to:

   * Capitalize on valuable real estate through potential in-store
     partnerships, sub-divisions, and reformatting to support its
     Integrated Retail model; and

   * Continue to evaluate strategic options for its Kenmore and
     DieHard brands and its Sears Home Services and Sears Auto
     Centers business through partnerships, joint ventures or
     other means.

The Company expects these actions will enable it to focus its
investments on driving its strategic transformation and enhancing
the value of the Company's Shop Your Way program for its millions
of members and the strategic partners that the Company attracts to
the program.  The Company's Shop Your Way platform rewards members
for buying the products and services they want every day.  Through
the Company's extensive network of thousands of top brands and
millions of products, members can earn points to use on future
purchases.  Members also have access to special pricing, sales and
digital coupons, as well as personalized services and advice.

Transformation Progress to Date

Today's announcements build on the path the Company has taken since
the beginning of 2017 to improve operational performance and
liquidity.  Since the calendar year started, the Company has taken
the following strategic actions to strengthen its financial
position:

  * Obtaining an additional $179 million of loan proceeds, which
    fully utilizes the $500 million Senior Secured Loan Facility
    entered into on Jan. 4, 2017;

  * Closing a $72.5 million real estate sale on Jan. 26, 2017, for
    five Sears Full-line stores and two Sears Auto Centers;

  * Initiating the closing process of the 150 stores announced
    during its fourth quarter 2016 with the expectation to
    complete the closures of all 150 stores during the first
    quarter of 2017;

   * Engaging Eastdil Secured to market and sell at least $1.0
     billion of certain real estate properties under the direction

     of a committee of the Board of Directors; and

   * Announcing the Craftsman transaction for $775 million in cash
     plus participation in the externalization of the Craftsman
     brand by Stanley Black & Decker.

Additional Financial Flexibility

On Feb. 10, 2017, the Company entered into an agreement to amend
our existing asset-based credit facility.  The amendment provides a
$140 million increase to available borrowing capacity under its
revolver as compared to availability reported at the end of the
third quarter of 2016.  Sears Holdings concluded the fourth quarter
of 2016 with no borrowings and $464 million of letters of credit
outstanding, against its asset-based credit facility.  The
amendment provides immediate additional liquidity and financial
flexibility to the Company.

On a pro forma basis, giving effect to the amendment of the
Company's credit facility, its total liquidity and liquid assets
would have been over $4.0 billion at the end of third quarter of
2016.  The amendment will reduce the aggregate revolver commitments
from $1.971 billion to $1.5 billion, but will implement other
modifications to covenants and reserves against the credit facility
borrowing base that improve net liquidity.  The amended credit
facility is smaller in size, reflecting the Company's reduced needs
consistent with lower inventory levels associated with the
Company's transforming business model, which has fewer physical
stores and a greater online presence.  The amendment also provides
additional flexibility in the form of a $250 million increase in
the general debt basket from $750 million to $1.0 billion.

The Company is targeting a reduction in its outstanding debt and
pension obligations of $1.5 billion for fiscal 2017 through
improving profitability, asset sales, and working capital
management.  Sears Holdings has contributed almost $4.0 billion to
the Company's pension plan since 2005, driven largely by the
prolonged low interest rate environment.

Fourth Quarter Update

As previously indicated in the Company's January 2017 update, sales
declined in the fourth quarter of 2016 compared to the prior year
fourth quarter due to a combination of the competitive retail
environment and fewer operating stores, as it emphasized improving
profitability.  Accordingly, the Company has continued to manage
inventory and costs closely resulting in a notable improvement in
our short-term operating performance and progress toward its
profitability goals.

The Company expects total revenues of $6.1 billion and $22.1
billion for the fourth quarter and full-year of 2016, respectively.
Total comparable store sales for the fourth quarter have declined
10.3%, comprised of a decrease of 8.0% at Kmart and a decrease of
12.3% at Sears Domestic.  The Company expects that its fourth
quarter 2016 net loss attributable to Sears Holdings' shareholders
will range between $635 million and $535 million, which is
inclusive of a non-cash impairment charge related to the Sears
trade name of between $350 million and $400 million.  This compares
to a net loss attributable to Sears Holdings' shareholders of $580
million in the fourth quarter of 2015, which was inclusive of a
non-cash impairment charge related to the Sears trade name of $180
million.

In addition, the Company's preliminary fourth quarter 2016 Adjusted
EBITDA was $(61) million, compared to Adjusted EBITDA of $(137)
million in the fourth quarter of 2015.  This significant
improvement in Adjusted EBITDA has been driven by tighter expense
control and inventory management.

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

                    https://is.gd/d8ZwIW

                          About Sears

Sears Holdings Corporation (NASDAQ: SHLD) --
http://www.searsholdings.com/-- is an integrated retailer focused  

on seamlessly connecting the digital and physical shopping
experiences to serve members.  Sears Holdings is home to Shop Your
Waytm, a social shopping platform offering members rewards for
shopping at Sears and Kmart as well as with other retail partners
across categories important to them.

The Company operates through its subsidiaries, including Sears,
Roebuck and Co. and Kmart Corporation, with more than 2,000 full-
line and specialty retail stores in the United States and Canada.

Kmart Corporation and 37 of its U.S. subsidiaries filed voluntary
Chapter 11 petitions (Bankr. N.D. Ill. Lead Case No. 02-02474) on
Jan. 22, 2002.  Kmart emerged from chapter 11 protection on May 6,
2003, pursuant to the terms of an Amended Joint Plan of
Reorganization.  Skadden, Arps, Slate, Meagher & Flom, LLP,
represented Kmart in its restructuring efforts.  Its balance sheet
showed $16,287,000,000 in assets and $10,348,000,000 in debts when
it sought chapter 11 protection.

Kmart bought Sears, Roebuck & Co., for $11 billion to create the
third-largest U.S. retailer, behind Wal-Mart and Target, and
generate $55 billion in annual revenues.  Kmart completed its
merger with Sears on March 24, 2005.

Sears Holdings reported a net loss of $1.12 billion on $25.14
billion of revenues for the year ended Jan. 30, 2016, compared to a
net loss of $1.81 billion on $31.19 billion of revenues for the
year ended Jan. 31, 2015.

As of July 30, 2016, Holdings had $10.61 billion in total assets,
$13.30 billion in total liabilities and a total deficit of $2.69
billion.

                          *     *     *

In March 2016, Fitch Ratings said it will retain Sears' long term
issuer default rating at 'CC'.

The TCR reported on Dec. 19, 2016, that S&P Global Ratings affirmed
its ratings, including the 'CCC+' corporate credit rating, on Sears
Holdings Corp.  "We revised our assessment of Sears' liquidity to
less than adequate from adequate based on the impact of continued
and meaningful cash use and constraints on contractually committed
liquidity from cash use and incremental secured funded borrowings,"
said credit analyst Robert Schulz.  "We do not incorporate any
significant prospective asset sales or execution of strategic
alternatives for legacy hardline brands into our assessment of
committed liquidity."

As reported by the TCR on Jan. 24, 2017, Moody's Investors Service
downgraded Sears Holdings Corporate Family Rating to Caa2 from
Caa1.  Sears' Caa2 rating reflects the company's sizable operating
losses - Domestic Adjusted EBITDA (as defined by Sears) was a loss
of $884 million in the latest 12 month period.


SEVENTY SEVEN: 2016 Operational and Financial Results Unveiled
--------------------------------------------------------------
Oklahoma City-based, Seventy Seven Energy Inc. reported financial
and operational results for the five months and quarter ended
December 31, 2016 for its Successor and the seven months ended July
31, 2016 for its Predecessor.  

Upon emergence from Chapter 11 bankruptcy on August 1, 2016, SSE
adopted fresh-start accounting, which resulted in the Company
becoming a new entity for financial reporting purposes.

References to "Successor" relate to the financial position and the
results of operations of the reorganized SSE as of and subsequent
to August 1, 2016. References to "Predecessor" refer to the
financial position of SSE prior to August 1, 2016 and the results
of operations through July 31, 2016.

As a result of the application of fresh-start accounting and the
effects of the implementation of the plan of reorganization, the
financial statements on or after August 1, 2016 are not comparable
with the financial statements prior to that date.

Key information related to SSE for the five months ended December
31, 2016 and seven months ended July 31, 2016 are:

     * Net Loss of $27.0 million for the fourth quarter of 2016, a
44% improvement, compared to $36.5 million and $11.6 million for
the two months ended September 30, 2016 and one month ended July
31, 2016, respectively

     * Consolidated Adjusted EBITDA of $29.5 million for the fourth
quarter of 2016, a 156% improvement, compared to $8.5 million and
$3.0 million for the two months ended September 30, 2016 and one
month ended July 31, 2016, respectively

     * Net Loss of $63.6 million and $155.7 million for the five
months ended December 31, 2016 and the seven months ended July 31,
2016, respectively

     * Consolidated Adjusted EBITDA of $37.9 million and $72.5
million for the five months ended December 31, 2016 and the seven
months ended July 31, 2016, respectively

     * Emerged from bankruptcy on August 1, 2016, which reduced
debt by $1.115 billion

     * 41 rigs currently operating and 10 additional rigs under
contract as of February 9, 2017

     * Previously announced merger with Patterson-UTI expected to
close late first quarter or early second quarter

SSE reported total revenues of $142.7 million for the fourth
quarter of 2016, a 19% increase compared to total combined revenues
of $79.7 million and $40.4 million for the two months ended
September 30, 2016 and one month ended July 31, 2016, respectively,
and a 26% decrease compared to total revenues of $192.8 million for
the fourth quarter of 2015. SSE reported total combined revenues of
$222.4 million and $333.9 million for the five months ended
December 31, 2016 and seven months ended July 31, 2016,
respectively, a 51% decrease compared to total revenues of $1.131
billion for the year ended December 31, 2015.

Net loss for the fourth quarter of 2016 was $27.0 million, or $1.21
per fully diluted share, which was an improvement of 35% per share,
compared to $36.5 million and $11.6 million, or $1.66 and $0.21 per
fully diluted share, respectively, for the two months ended
September 30, 2016 and one month ended July 31, 2016, and $60.6
million, or $1.18 per fully diluted share for the fourth quarter of
2015. SSE reported net losses of $63.6 million and $155.7 million
for the five months ended December 31, 2016 and seven months ended
July 31, 2016, or $2.86 and $2.84 per fully diluted share,
respectively, compared to a net loss of $221.4 million, or $4.42
per fully diluted share, for the year ended December 31, 2015.

SSE's adjusted EBITDA for the fourth quarter of 2016 was $29.5
million, a 156% improvement, compared to $8.5 million and $3.0
million for the two months ended September 30, 2016 and one month
ended July 31, 2016, respectively, and $56.3 million for the fourth
quarter of 2015. SSE's adjusted EBITDA for the five months ended
December 31, 2016 and seven months ended July 31, 2016 was $37.9
million and $72.5 million, respectively, compared to $235.0 million
for the year ended December 31, 2015.

Adjusted EBITDA is a non-GAAP financial measure. A reconciliation
of this measure to comparable financial measures calculated in
accordance with generally accepted accounting principles ("GAAP")
is provided on pages 13 - 17 of this release.

"Our fourth quarter performance is a direct result of our
operational execution and the fact that the industry has turned the
corner after bottoming in Q3," Chief Executive Officer Jerry
Winchester said. "Activity levels continued to improve throughout
the quarter, with some price response occurring. As activity in the
field continues to increase, it is more important than ever that we
remain committed to tightly managing our costs while providing
superior service quality. As we transition to 2017, we remain
focused on operational execution and committed to upholding
industry-leading safety, maintaining equipment and diversifying our
customer base."

"The proposed merger between SSE and Patterson-UTI is progressing
and is expected to close late in the first quarter or early in the
second quarter," Winchester added.

As of December 31, 2016, SSE had cash of $48.7 million and working
capital of $105.2 million. As of February 9, 2017, SSE had cash of
$44.9 million and the Company's revolving credit facility remained
undrawn.

Capital expenditures totaled $6.4 million for the fourth quarter,
which primarily consisted of investments in new PeakeRigs(TM). For
the five months ended December 31, 2016 and seven months ended July
31, 2016, capital expenditures totaled $12.5 million and $82.8
million, respectively.

A full-text copy of the Company's earnings statement is available
at https://is.gd/mw5EAP

A full-text copy of the Company's Annual Report on Form 10-K is
available at https://is.gd/eWV6eK

                   About Seventy Seven Energy

Seventy Seven Operating LLC (SSO) is the primary operating
subsidiary of Seventy Seven Energy Inc. (OTCPK:SVNT), an oilfield
services company based in Oklahoma City, OK.  SSE, through SSO
and
its subsidiary companies owns and operates drilling rigs, pressure
pumping equipment and other oilfield services assets and operates
primarily in the Midcontinent and the Permian, Haynesville, Eagle
Ford and Appalachian basins.

Each of Seventy Seven Finance Inc., Seventy Seven Energy Inc.,
Seventy Seven Operating LLC, Great Plains Oilfield Rental, L.L.C.,
Seventy Seven Land Company LLC, Nomac Drilling, LLC, Performance
Technologies, L.L.C., PTL Prop Solutions, L.L.C., SSE Leasing LLC,
Keystone Rock & Excavation, L.L.C. and Western Wisconsin Sand
Company, LLC filed a voluntary petition under Chapter 11 of the
Bankruptcy Code (Bankr. D. Del. Case Nos. 16-11409 to 16-11419,
respectively) on June 7, 2016.  The Debtors listed total
assets  of
$1.77 billion and total liabilities of $1.72 billion.

The Debtors engaged Baker Botts LLP as general bankruptcy counsel;
Morris, Nichols, Arsht & Tunnell LLP as co-counsel; Lazard Freres
&
Co. LLC as investment banker; Alvarez & Marsal as restructuring
advisor; and Prime Clerk LLC as notice, claims and balloting
agent.

Judge Laurie Selber Silverstein handled the Chapter 11 cases.

The Delaware Bankruptcy Court on July 14, 2016, issued an order
confirming the Joint Pre-packaged Plan of Reorganization of the
Debtors. On August 1, 2016, the Plan became effective pursuant to
its terms and the Debtors emerged from their Chapter 11 cases.

The Plan contemplated the payment in full in the ordinary course
of
all trade creditors and other general unsecured creditors; the
exchange of the full $650.0 million of the 2019 Notes into 96.75%
of new common stock issued in the reorganization; the exchange of
the full $450.0 million of the 2022 Notes for 3.25% of the New
Common Stock as well as warrants exercisable for 15% of the New
Common Stock at predetermined equity values; the issuance to
existing common stockholders of two series of warrants exercisable
for an aggregate of 20% of the New Common Stock at predetermined
equity values; the maintenance of the Company's $400.0 million
existing secured Term Loan while the lenders holding Term Loans
(i)
received (a) payment of an amount equal to 2% of the Term Loans;
and (b) as further security for the Term Loans, second-priority
liens and security interests in the collateral securing the
company's New ABL Credit Facility.  The Plan effectuated, among
other things, a substantial reduction in the Company's debt,
including $1.1 billion in the aggregate of the face amount of the
2019 Notes and 2022 Notes.

In support of the Plan, the enterprise value of the Successor
Company was estimated and approved by the Bankruptcy Court to be
in
the range of $700 million to $900 million. The Company used the
high end of the Bankruptcy Court-approved enterprise value -- $900
million -- as estimated enterprise value.

                            *     *     *

In a November 2016 statement, Moody's Investors Service said it
has
assigned a Caa1 rating on Seventy Seven Operating LLC's senior
secured 1st lien term loan due 2020.  SSO is the primary
operating
subsidiary of SSE.  SSO has a Corporate Family Rating of Caa1
from
Moody's.

S&P Global Ratings assigned a 'CCC+' corporate credit rating on
SSE
following the Company's Chapter 11 exit.  S&P said in an August
2016 statement it views SSE's business risk as vulnerable.  S&P
continues to assess SSE's financial risk profile as highly
leveraged, reflecting funds from operations (FFO) to debt of less
than 5% this year, although credit metrics have improved as a
result of the $1.1 billion reduction in debt.  S&P views SSE's
liquidity as adequate.


SEVENTY SEVEN: Posts $27M Net Loss in Q4 After Ch. 11 Exit
----------------------------------------------------------
Seventy Seven Energy Inc. on Feb. 13, 2017, reported financial and
operational results for the five months and quarter ended December
31, 2016 for its Successor and the seven months ended July 31, 2016
for its Predecessor.  Upon emergence from Chapter 11 bankruptcy on
August 1, 2016, SSE adopted fresh-start accounting, which resulted
in the Company becoming a new entity for financial reporting
purposes.  References to "Successor" relate to the financial
position and the results of operations of the reorganized SSE as of
and subsequent to August 1, 2016.  References to "Predecessor"
refer to the financial position of SSE prior to August 1, 2016 and
the results of operations through July 31, 2016.  As a result of
the application of fresh-start accounting and the effects of the
implementation of the plan of reorganization, the financial
statements on or after August 1, 2016 are not comparable with the
financial statements prior to that date.  Key information related
to SSE for the five months ended December 31, 2016 and seven months
ended July 31, 2016 are as follows:

   -- Net Loss of $27.0 million for the fourth quarter of 2016, a
44% improvement, compared to $36.5 million and $11.6 million for
the two months ended September 30, 2016 and one month ended
July 31, 2016, respectively

   -- Consolidated Adjusted EBITDA of $29.5 million for the fourth
quarter of 2016, a 156% improvement, compared to $8.5 million and
$3.0 million for the two months ended September 30, 2016 and one
month ended July 31, 2016, respectively

   -- Net Loss of $63.6 million and $155.7 million for the five
months ended December 31, 2016 and the seven months ended July 31,
2016, respectively

   -- Consolidated Adjusted EBITDA of $37.9 million and $72.5
million for the five months ended December 31, 2016 and the seven
months ended July 31, 2016, respectively

   -- Emerged from bankruptcy on August 1, 2016, which reduced debt
by $1.115 billion

   -- 41 rigs currently operating and 10 additional rigs under
contract as of February 9, 2017

Previously announced merger with Patterson-UTI expected to close
late first quarter or early second quarter

SSE reported total revenues of $142.7 million for the fourth
quarter of 2016, a 19% increase compared to total combined revenues
of $79.7 million and $40.4 million for the two months ended
September 30, 2016 and one month ended July 31, 2016, respectively,
and a 26% decrease compared to total revenues of $192.8 million for
the fourth quarter of 2015.  SSE reported total combined revenues
of $222.4 million and $333.9 million for the five months ended
December 31, 2016 and seven months ended July 31, 2016,
respectively, a 51% decrease compared to total revenues of $1.131
billion for the year ended December 31, 2015.

Net loss for the fourth quarter of 2016 was $27.0 million, or $1.21
per fully diluted share, which was an improvement of 35% per share,
compared to $36.5 million and $11.6 million, or $1.66 and $0.21 per
fully diluted share, respectively, for the two months ended
September 30, 2016 and one month ended July 31, 2016, and $60.6
million, or $1.18 per fully diluted share for the fourth quarter of
2015.  SSE reported net losses of $63.6 million and $155.7 million
for the five months ended December 31, 2016 and seven months ended
July 31, 2016, or $2.86 and $2.84 per fully diluted share,
respectively, compared to a net loss of $221.4 million, or $4.42
per fully diluted share, for the year ended December 31, 2015.

SSE's adjusted EBITDA for the fourth quarter of 2016 was $29.5
million, a 156% improvement, compared to $8.5 million and $3.0
million for the two months ended September 30, 2016 and one month
ended July 31, 2016, respectively, and $56.3 million for the fourth
quarter of 2015.  SSE's adjusted EBITDA for the five months ended
December 31, 2016 and seven months ended July 31, 2016 was $37.9
million and $72.5 million, respectively, compared to $235.0 million
for the year ended December 31, 2015.

Adjusted EBITDA is a non-GAAP financial measure.  A reconciliation
of this measure to comparable financial measures calculated in
accordance with generally accepted accounting principles ("GAAP")
is provided on pages 12 - 16 of this release.

"Our fourth quarter performance is a direct result of our
operational execution and the fact that the industry has turned the
corner after bottoming in Q3," Chief Executive Officer
Jerry Winchester said.  "Activity levels continued to improve
throughout the quarter, with some price response occurring.  As
activity in the field continues to increase, it is more important
than ever that we remain committed to tightly managing our costs
while providing superior service quality.  As we transition to
2017, we remain focused on operational execution and committed to
upholding industry-leading safety, maintaining equipment and
diversifying our customer base."

"The proposed merger between SSE and Patterson-UTI is progressing
and is expected to close late in the first quarter or early in the
second quarter," Mr. Winchester added.

Drilling

SSE's drilling segment contributed revenues of $73.8 million and
adjusted EBITDA of $40.2 million during the fourth quarter of 2016,
compared to revenues of $43.0 million and $20.1 million and
adjusted EBITDA of $24.6 million and $12.9 million during the two
months ended September 30, 2016 and one month ended July 31, 2016,
respectively, and revenues of $89.6 million and adjusted EBITDA of
$55.9 million for the fourth quarter of 2015.  The $10.7 million
increase in revenues for the fourth quarter of 2016 compared to the
two months ended September 30, 2016 and one month ended July 31,
2016 was primarily due to a 42% increase in revenue days. Revenues
were $116.7 million and $154.8 million and adjusted EBITDA was
$64.7 million and $99.6 million, respectively, for the five months
ended December 31, 2016 and seven months ended July 31, 2016,
compared to $436.4 million and $216.4 million for the year ended
December 31, 2015.  The decrease in revenues for the five months
ended December 31, 2016 and seven months ended July 31, 2016
compared to the year ended December 31, 2015 was primarily due to a
48% decline in revenue days.

Revenues from non-CHK customers were 46% and 38% of total segment
revenues in the five months ended December 31, 2016 and seven
months ended July 31, 2016, respectively, compared to 39% for 2015.
Included in total revenue are amounts related to
idle-but-contracted ("IBC") payments of $38.9 million, $80.7
million and $87.9 million for the five months ended December 31,
2016, seven months ended July 31, 2016, and year ended December 31,
2015, respectively.  Excluding the IBC revenues, the Company has
diversified its customer base and increased non-CHK revenue from
46% in 2015 to 66% and 67% in the five months ended December 31,
2016 and seven months ended July 31, 2016, respectively.  As of
December 31, 2016, approximately 77% of SSE's active rigs were
contracted by non-CHK customers and SSE had a total drilling
revenue backlog of $208.1 million.

As a percentage of drilling revenues, drilling operating costs were
46% for the fourth quarter of 2016, compared to 44% and 37% during
the two months ended September 30, 2016 and one month ended July
31, 2016, respectively, and 39% for the fourth quarter of 2015.
Operating costs were $33.7 million for the fourth quarter of 2016,
compared to $18.8 million and $7.4 million for the two months ended
September 30, 2016 and one month ended July 31, 2016, respectively,
and $34.9 million for the fourth quarter of 2015. Average operating
costs per revenue day for the fourth quarter of 2016 compared to
the two months ended September 30, 2016 and one month ended July
31, 2016 decreased 10% primarily due to increases in fleet
utilization.

As a percentage of drilling revenues, drilling operating costs were
45%, 37% and 53% for the five months ended December 31, 2016, the
seven months ended July 31, 2016 and year ended December 31, 2015,
respectively.  The decrease was primarily due to a higher
proportion of IBC rigs, which generate revenue with little
associated cost.  Drilling operating costs for the five months
ended December 31, 2016 and seven months ended July 31, 2016
decreased $121.4 million, or 52%, from 2015 primarily due to a
decrease in labor-related costs and lower fleet utilization.

As of December 31, 2016, the Company's marketed fleet consisted of
91 rigs, 72 of which are multi-well pad capable.

Hydraulic Fracturing

SSE's hydraulic fracturing segment contributed revenues of $59.0
million and adjusted EBITDA of ($2.6) million during the fourth
quarter of 2016, compared to revenues of $30.5 million and $17.5
million and adjusted EBITDA of ($8.0) million and ($6.1) million
during the two months ended September 30, 2016 and one month ended
July 31, 2016, respectively, and revenues of $91.9 million and
adjusted EBITDA of $14.2 million for the fourth quarter of 2015.
The increase in revenues in the fourth quarter of 2016 compared to
the two months ended September 30, 2016 and one month ended July
31, 2016 was primarily due to a 28% increase in completed stages.
Revenues were $89.5 million and $160.7 million and adjusted EBITDA
was ($10.6) million and $3.2 million, respectively, for the five
months ended December 31, 2016 and seven months ended July 31,
2016, compared to $575.5 million and $86.4 million for the year
ended December 31, 2015.  The decrease in revenues for the five
months ended December 31, 2016 and seven months ended July 31, 2016
compared to the year ended December 31, 2015 was primarily due to a
34% decrease in revenue per stage due to pricing pressure as well
as a 34% decrease in completed stages.

Revenues from non-CHK customers were 49% and 28% of total segment
revenues in the five months ended December 31, 2016 and seven
months ended July 31, 2016, respectively, compared to 17% for 2015.
As of December 31, 2016, SSE's hydraulic fracturing revenue
backlog was $44.9 million with an average duration of six months.

As a percentage of hydraulic fracturing revenues, hydraulic
fracturing operating costs were 105% for the fourth quarter of
2016, compared to 127% and 135% for the two months ended September
30, 2016 and one month ended July 31, 2016, respectively, and 85%
for the fourth quarter of 2015.  The decrease in operating costs as
a percentage of revenues in the fourth quarter of 2016, compared to
the two months ended September 30, 2016 and one month ended July
31, 2016, was primarily due to a 28% increase in completed stages
as well as an 18% decrease in maintenance and repairs expense.
Average operating costs per stage for the fourth quarter of 2016
compared to the two months ended September 30, 2016 and one month
ended July 31, 2016 decreased 23% primarily due to a 16% decline in
product cost per stage.

As a percentage of hydraulic fracturing revenues, hydraulic
fracturing operating costs were 112%, 99% and 86% for the five
months ended December 31, 2016, the seven months ended July 31,
2016 and year ended December 31, 2015, respectively.  The increase
from 2015 was due to revenue reductions from pricing pressure
outpacing cost reductions, which resulted in a 34% decrease in
revenue per stage and a 20% decrease in operating costs per stage
during the five months ended December 31, 2016 and seven months
ended July 31, 2016 as compared to 2015.  Hydraulic fracturing
operating costs for the five months ended December 31, 2016 and
seven months ended July 31, 2016 decreased $235.6 million, or 48%,
from 2015, which was primarily due to a 46% decrease in product
costs.

As of December 31, 2016, SSE owned 13 hydraulic fracturing fleets
with an aggregate of 500,000 horsepower operating in the Anadarko
Basin and the Eagle Ford Shale.

Oilfield Rentals

SSE's oilfield rentals segment contributed revenues of $10.0
million and adjusted EBITDA of $2.9 million during the fourth
quarter of 2016, compared to revenues of $6.1 million and $2.9
million and adjusted EBITDA of $0.6 million and $0.2 million during
the two months ended September 30, 2016 and one month ended July
31, 2016, respectively, and revenues of $11.3 million and adjusted
EBITDA of $0.9 million for the fourth quarter of 2015. The increase
in revenues for the fourth quarter of 2016 compared to the two
months ended September 30, 2016 and one month ended July 31, 2016
was primarily due to an increase in utilization. Revenues were
$16.2 million and $18.4 million and adjusted EBITDA was $3.5
million and ($1.5) million for the five months ended December 31,
2016 and seven months ended July 31, 2016, respectively, compared
to $76.6 million and $10.3 million for the year ended December 31,
2015.  The decline in revenue for the five months ended December
31, 2016 and seven months ended July 31, 2016 compared to the year
ended December 31, 2015 was primarily due to a decline in
utilization and pricing pressure.

Revenues from non-CHK customers were 68% and 60% of total segment
revenues in the five months ended December 31, 2016 and seven
months ended July 31, 2016, respectively, compared to 59% for
2015.

As a percentage of oilfield rental revenues, operating costs were
71% in the fourth quarter of 2016, compared to 93% and 94% for the
two months ended September 30, 2016 and one month ended July 31,
2016, respectively, and 92% in the fourth quarter of 2015.  The
decrease in operating costs as a percentage of revenues was due to
declines in labor-related costs and sub-contracting services in the
fourth quarter of 2016.  Operating costs were $7.1 million in the
fourth quarter of 2016, compared to $5.7 million, $2.7 million and
$10.4 million during the two months ended September 30, 2016, one
month ended July 31, 2016 and the fourth quarter of 2015,
respectively.

As a percentage of oilfield rental revenues, oilfield rental
operating costs were 79%, 110% and 89% for the five months ended
December 31, 2016, the seven months ended July 31, 2016 and year
ended December 31, 2015, respectively.  The change was due to
significant declines in fleet utilization, which resulted in
revenue reductions from pricing pressure outpacing cost reductions.
Oilfield rental operating costs for the five months ended December
31, 2016 and seven months ended July 31, 2016 decreased $35.3
million, or 52%, from 2015, which was primarily due to lower
utilization and a decrease in labor-related costs.

Former Oilfield Trucking

During the second quarter of 2015, SSE sold its drilling rig and
logistics business and water hauling assets.  As of June 30, 2015,
there were no remaining assets or operations in the oilfield
trucking segment, although the Company does have ongoing
liabilities, primarily related to insurance claims, whose income
statement impact is charged to general and administrative expense.

Reorganization Items

SSE incurred professional fees of $1.9 million for the five months
ended December 31, 2016. Reorganization items totaled $29.9 million
for the seven months ended July 31, 2016, consisting of a $632.1
million non-cash gain on liabilities subject to compromise, a
$596.0 million non-cash loss on fresh-start fair value adjustments,
a $25.1 million non-cash charge related to stock-based compensation
accelerations and a $6.8 million non-cash expense for the fair
value of the warrants issued to Predecessor stockholders.
Additionally, professional fees, debt issuance write-off costs and
credit facility agreement costs totaled $20.2 million, $13.3
million and $0.5 million, respectively, for the seven months ended
July 31, 2016.


General and Administrative Expenses

General and administrative expenses in the fourth quarter of 2016
were $15.2 million, a 29% improvement, compared to $16.6 million
and $4.7 million for the two months ended September 30, 2016 and
one month ended July 31, 2016, respectively, and $16.7 million in
the fourth quarter of 2015.  General and administrative expenses
for corporate functions settled in cash were $10.5 million in the
fourth quarter of 2016, a 15% improvement, compared to $8.4 million
and $4.0 million for the two months ended September 30, 2016 and
one month ended July 31, 2016, respectively, and $13.9 million for
the fourth quarter of 2015.  General and administrative expenses
for the five months ended December 31, 2016 and seven months ended
July 31, 2016 were $31.8 million and $66.7 million, respectively,
compared to $112.1 million for the year ended December 31, 2015.
The decrease compared to the 2015 full year was primarily due to a
decline in labor-related costs.

SSE incurred restructuring charges of $2.6 million in the fourth
quarter of 2016, compared to $0.3 million and ($0.4) million for
the two months ended September 30, 2016 and one month ended
July 31, 2016, respectively, and ($1.4) million for the fourth
quarter of 2015.  Additionally, general and administrative expenses
include non-cash compensation of $2.2 million for the fourth
quarter of 2016, compared to $7.6 million and $1.0 million for the
two months ended September 30, 2016 and one month ended July 31,
2016, respectively, and $3.8 million for the fourth quarter of 2015
as well as severance-related costs of ($0.1) million for the fourth
quarter of 2016, compared to $0.3 million and a nominal amount for
the two months ended September 30, 2016 and one month ended July
31, 2016, respectively, and $0.4 million for the fourth quarter of
2015.

Additionally, during the five months ended December 31, 2016, seven
months ended July 31, 2016 and year ended December 31, 2015, SSE
recognized restructuring charges of $2.9 million, $28.1 million and
a nominal amount, respectively, primarily related to professional
fees incurred prior to the Chapter 11 filing and charges incurred
related to the former oilfield trucking segment. SSE incurred
non-cash compensation expenses of $9.7 million, $9.7 million and
$30.2 million and severance-related costs of $0.2 million, $0.6
million and $6.4 million during the five months ended December 31,
2016, seven months ended July 31, 2016 and year ended December 31,
2015, respectively.  Included in the non-cash compensation expenses
and severance-related costs for 2015 are $2.1 million and $0.6
million, respectively, related to the sale of Hodges.

Liquidity

As of December 31, 2016, SSE had cash of $48.7 million and working
capital of $105.2 million.  As of February 9, 2017, SSE had cash of
$44.9 million and the Company's revolving credit facility remained
undrawn.

Capital expenditures totaled $6.4 million for the fourth quarter,
which primarily consisted of investments in new PeakeRigs(TM).  For
the five months ended December 31, 2016 and seven months ended July
31, 2016, capital expenditures totaled $12.5 million and $82.8
million, respectively.

                  About Seventy Seven Energy

Seventy Seven Operating LLC (SSO) is the primary operating
subsidiary of Seventy Seven Energy Inc. (OTCPK:SVNT), an oilfield
services company based in Oklahoma City, OK.  SSE, through SSO and
its subsidiary companies owns and operates drilling rigs, pressure
pumping equipment and other oilfield services assets and operates
primarily in the Midcontinent and the Permian, Haynesville, Eagle
Ford and Appalachian basins.

Each of Seventy Seven Finance Inc., Seventy Seven Energy Inc.,
Seventy Seven Operating LLC, Great Plains Oilfield Rental, L.L.C.,
Seventy Seven Land Company LLC, Nomac Drilling, LLC, Performance
Technologies, L.L.C., PTL Prop Solutions, L.L.C., SSE Leasing LLC,
Keystone Rock & Excavation, L.L.C. and Western Wisconsin Sand
Company, LLC filed a voluntary petition under Chapter 11 of the
Bankruptcy Code (Bankr. D. Del. Case Nos. 16-11409 to 16-11419,
respectively) on June 7, 2016.  The Debtors listed total assets  of
$1.77 billion and total liabilities of $1.72 billion.

The Debtors engaged Baker Botts LLP as general bankruptcy counsel;
Morris, Nichols, Arsht & Tunnell LLP as co-counsel; Lazard Freres &
Co. LLC as investment banker; Alvarez & Marsal as restructuring
advisor; and Prime Clerk LLC as notice, claims and balloting
agent.

Judge Laurie Selber Silverstein handled the Chapter 11 cases.

The Delaware Bankruptcy Court on July 14, 2016, issued an order
confirming the Joint Pre-packaged Plan of Reorganization of the
Debtors. On August 1, 2016, the Plan became effective pursuant to
its terms and the Debtors emerged from their Chapter 11 cases.

The Plan contemplated the payment in full in the ordinary course of
all trade creditors and other general unsecured creditors; the
exchange of the full $650.0 million of the 2019 Notes into 96.75%
of new common stock issued in the reorganization; the exchange of
the full $450.0 million of the 2022 Notes for 3.25% of the New
Common Stock as well as warrants exercisable for 15% of the New
Common Stock at predetermined equity values; the issuance to
existing common stockholders of two series of warrants exercisable
for an aggregate of 20% of the New Common Stock at predetermined
equity values; the maintenance of the Company's $400.0 million
existing secured Term Loan while the lenders holding Term Loans (i)
received (a) payment of an amount equal to 2% of the Term Loans;
and (b) as further security for the Term Loans, second-priority
liens and security interests in the collateral securing the
company's New ABL Credit Facility.  The Plan effectuated, among
other things, a substantial reduction in the Company's debt,
including $1.1 billion in the aggregate of the face amount of the
2019 Notes and 2022 Notes.

In support of the Plan, the enterprise value of the Successor
Company was estimated and approved by the Bankruptcy Court to be in
the range of $700 million to $900 million.  The Company used the
high end of the Bankruptcy Court-approved enterprise value -- $900
million -- as estimated enterprise value.

                            *     *     *

In a November 2016 statement, Moody's Investors Service said it has
assigned a Caa1 rating on Seventy Seven Operating LLC's senior
secured 1st lien term loan due 2020.  SSO is the primary operating
subsidiary of SSE.  SSO has a Corporate Family Rating of Caa1 from
Moody's.

S&P Global Ratings assigned a 'CCC+' corporate credit rating on SSE
following the Company's Chapter 11 exit.  S&P said in an August
2016 statement it views SSE's business risk as vulnerable.  S&P
continues to assess SSE's financial risk profile as highly
leveraged, reflecting funds from operations (FFO) to debt of less
than 5% this year, although credit metrics have improved as a
result of the $1.1 billion reduction in debt.  S&P views SSE's
liquidity as adequate.


SHORT ENTERPRISES: Can Use Bank of Carbondale Cash Collateral
-------------------------------------------------------------
Judge Laura K. Grandy of the U.S. Bankruptcy Court for the Southern
District of Illinois authorized Short Enterprises, Inc., to use the
cash collateral of The Bank of Carbondale on an interim basis until
February 6, 2017.

The Debtor will require use of the cash collateral of Bank of
Carbondale during the case as it continue to operate its McDonald's
franchises. The Debtor will sell and replace its inventory daily in
the ordinary course of business, will be using its accounts to pay
ordinary expenses such as employee payroll.

Currently, the Debtor's indebtedness to the Bank of Carbondale
totaled approximately $3,329,048 as evidenced by certain promissory
notes. The Bank of Carbondale had claimed pre-petition lien on the
Debtor's substantially of the assets at Debtor's McDonald's
locations, including accounts, inventory, equipment, improvements,
and proceeds thereof.  

The Bank of Carbondale was granted a first priority replacement
lien in any pre-petition assets of Debtor's estate which were
subject to the Bank’s lien, whensoever acquired.  The Bank of
Carbondale was further granted a lien in all post-petition assets
of the Debtor from and after the Petition Date to the same extent,
validity, priority, perfection and enforceability as its interest
in any pre-petition assets of the Debtor's estate.

The replacement liens granted in the Order will be subject only to
the following carve-out:

     (a) the allowed professional fees and expenses of the Debtor's
bankruptcy counsel not to exceed $20,000 to be paid as ordered by
the Bankruptcy Court and only to the extent so ordered; and

     (b) the payment of quarterly fees required to be paid pursuant
to 28 U.S.C. Section 1930(a)(6).

The Debtor was directed to maintain a policy of property and
casualty insurance in an amount equal to the value of all of the
assets at its McDonald's locations.

A full-text copy of the Agreed Order, dated Feb. 9, 2017, is
available at http://tinyurl.com/zdu7s4j

                       About Short Enterprises

Short Enterprises, Inc., filed a chapter 11 petition (Bankr. S.D.
Ill. Case No. 16-41020) on Nov. 2, 2016. The petition was signed by
Gail Short, restructuring officer. The Debtor is represented by
Robert E. Eggman, Esq., at Carmody Macdonald P.C. The case is
assigned to Judge Laura K. Grandy. The Debtor estimated assets and
liabilities at $1 million to $10 million at the time of the
filing.

The Debtor taps Kevin W. Bragee, of Kevin W. Bragee, CPA, LLC as
accountant and Bill Cockrum Liquidations, LLC as auctioneer.

The Office of the U.S. Trustee on Dec. 28, 2016, disclosed in a
court filing that no official committee of unsecured creditors has
been appointed in the Chapter 11 case of Short Enterprises, Inc.


SIRGOLD INC: Ch.11 Trustee Hires LaMonica Herbst as Attorneys
-------------------------------------------------------------
Salvatore LaMonica, Esq., the Chapter 11 Trustee for Sirgold, Inc.,
asks the U.S. Bankruptcy Court for the Southern District of New
York for permission to employ LaMonica Herbst & Maniscalco, LLP as
his attorneys.

The Chapter 11 Trustee requires LH&M to:

     a. assist the Trustee in connection with the sale of any real
or personal property;

     b. assist the Trustee in connection with the collection of any
accounts receivable and litigation related thereto;

     c. assist the Trustee with an investigation into the Debtor's
financial and business affairs including, but not limited to, any
pre-petition transfers of property;

     d. investigate and advise the Trustee as to the actions and
activities of any insider and the existence of any claims or causes
of action that can be pursued for the benefit of the Debtor’s
estate;

     e. assist the Trustee in the pursuit and recovery of any
voidable transfers of the Debtor's assets under, inter alia,
Bankruptcy Code sec. 544, 546, 547, 548 and 550, and the New York
State Debtor Creditor law;

     f. prepare, file and prosecute motions objecting to claims, as
directed by the Trustee, that may be necessary to complete the
administration of the Debtor's estate; and

     g. prepare and file motions and applications and a plan of
reorganization or such other disposition of this estate, as
directed by the Trustee in connection with his statutory duties.

LH&M will be paid at these hourly rates:

      Partners                    $595
      Associates                  $415
      Para-Professionals          $175

Gary F. Herbst, Esq., member of the firm of LaMonica Herbst &
Maniscalco, LLP, assured the Court that his 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.

LH&M can be reached at:

      Gary F. Herbst, Esq.
      LaMonica Herbst & Maniscalco, LLP
      3305 Jerusalem Avenue, Suite 201
      Wantagh, NY 11793
      Telephone: 516-826-6500

                       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.


SNEED SHIPBUILDING: Trustee Seeks to Hire CRO, Financial Advisor
----------------------------------------------------------------
Allison Byman, the Chapter 11 trustee for Sneed Shipbuilding Inc.,
seeks approval from the U.S. Bankruptcy Court for the Southern
District of Texas to hire Robert Schleizer and his firm BlackBriar
Advisor, LLC.

Mr. Schleizer, managing partner and founder of BlackBriar, will
serve as chief restructuring officer and will be paid $395 per hour
for his services, which include:

     (a) secure and maintain the Debtor's premises, books, records

         and computer systems and prevent access to them, except
         as the trustee instructs in her discretion;

     (b) manage the professionals who are assisting the Debtor in
         the reorganization process or who are working for its
         stakeholders;

     (c) after consultation with the trustee, make or direct
         others to make all of the Debtor's disbursements,
         payments, or other transfers of assets;

     (d) provide regular updates regarding the Debtor's
         Operations; and

     (e) work in connection with the trustee to formulate and
         carry out a plan of reorganization or liquidation.

Meanwhile, BlackBriar will provide these services as financial
advisor:

     (a) assessing cash management and cash flow forecasting
         processes;

     (b) analyzing the Debtor's liability outlook, debt service
         capacity and appropriate capital structure;

     (c) assisting in identifying various operational, managerial,

         financial and strategic restructuring alternatives
         especially as they relate to the sale of assets in a
         bankruptcy court proceeding;

     (d) assisting in the preparation of financial reports which
         may be required during discussions with the trustee, the
         Debtor's board, lenders and stakeholders;

     (e) assisting in communications and negotiations with other
         parties, including landlords, secured lenders and key
         vendors;

     (f) assisting in the development of budgets;

     (g) assisting in the preparation of monthly operating
         reports;

     (h) assisting the trustee's counsel in gathering information,

         preparing exhibits and providing testimony when
         necessary;

     (i) advising the trustee regarding various other financial or

         business disclosures;

     (j) interacting with various creditors and interested
         parties;

     (k) if necessary, assisting in the analysis of and objecting
         to claims and avoidance actions; and

     (l) providing advice and recommendations with respect to
         other related matters.

Other BlackBriar professionals were also assigned to assist the
bankruptcy trustee and will charge these hourly rates:

     Harold Kessler           Managing Director     $395
     Joe Danko                Senior Director       $345
     Chrystal Haag Morris     Senior Director       $345

Additional professionals, if required, will be billed at these
hourly rates:

     Directors                    $295
     Senior Financial Analyst     $245
     Financial Analyst            $195

Mr. Schleizer disclosed in a court filing that he and his firm are
"disinterested persons" as defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Robert Schleizer
     BlackBriar Advisor, LLC
     901 Main Street, Suite 600
     Dallas, TX 75202
     Phone: 214-599-8600

                    About Sneed Shipbuilding

Sneed Shipbuilding, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Tex. Case No. 16-60014) on March 4,
2016.  The petition was signed by Clyde E. Sneed, president.

The Debtor is represented by Amber Michelle Chambers, Esq., Eric
Michael VanHorn, Esq., and Nicholas Zugaro, Esq., at McCathern,
PLLC. The case is assigned to Judge David R. Jones.

The Debtor estimated assets of $1 million to $10 million and debts
of $10 million to $50 million.

The Office of the U.S. Trustee appointed five creditors of Sneed
Shipbuilding, Inc., to serve on the official committee of unsecured
creditors.

On November 3, 2016, the court appointed Allison D. Byman as the
Chapter 11 trustee.  The trustee is represented by Hughes Watters
Askanase, LLP.


STENA AB: Bank Debt Trades at 8% Off
------------------------------------
Participations in a syndicated loan under Stena AB is a borrower
traded in the secondary market at 92.35 cents-on-the-dollar during
the week ended Friday, February 10, 2017, according to data
compiled by LSTA/Thomson Reuters MTM Pricing.  This represents an
increase of 0.35 percentage points from the previous week Stena AB
pays 300 basis points above LIBOR to borrow under the $0.650
billion facility. The bank loan matures on Feb. 20, 2021 and
carries Moody's Ba3 rating and Standard & Poor's BB rating.  The
loan is one of the biggest gainers and losers among 247 widely
quoted syndicated loans with five or more bids in secondary trading
for the week ended February 10.


STONE ENERGY: Court Confirms Amended Plan of Reorganization
-----------------------------------------------------------
Stone Energy Corporation on Feb. 15, 2017, disclosed that the
United States Bankruptcy Court for the Southern District of Texas
issued an order confirming Stone's Second Amended Joint Prepackaged
Plan of Reorganization of Stone Energy Corporation and its Debtor
Affiliates, dated Dec. 28, 2016.

As previously disclosed on December 14, 2016, Stone and its
subsidiaries, Stone Energy Holding, L.L.C. and Stone Energy
Offshore, L.L.C. (collectively, the "Debtors"), filed voluntary
petitions (the cases commenced thereby, the "Chapter 11 Cases")
seeking relief under Chapter 11 of Title 11 of the United States
Code (the "Bankruptcy Code") in the Bankruptcy Court under the
caption In re Stone Energy Corporation, et al.  On December 28,
2016, the Debtors filed with the Bankruptcy Court the proposed
Second Amended Joint Prepackaged Plan of Reorganization of Stone
Energy Corporation and its Debtor Affiliates, dated December 28,
2016.

On February 15, 2017, the Bankruptcy Court entered an order, Docket
No. 528 (the "Confirmation Order"), confirming the Plan, as
modified by the Confirmation Order.

The Debtors expect that the effective date of the Plan (as defined
in the Plan, the "Effective Date") will occur as soon as all
conditions precedent to the Plan have been satisfied and on a date
selected in consultation with the Required Consenting Noteholders
and Required Consenting Banks.  Although the Debtors are targeting
occurrence of the Effective Date on February 28, 2017, the Debtors
can make no assurances as to when, or ultimately if, the Plan will
become effective.  It is also possible that technical amendments
could be made to the Plan.

The following is a summary of the material terms of the Plan.  This
summary highlights only certain substantive provisions of the Plan
and is not intended to be a complete description of the Plan.
Capitalized terms used but not defined herein shall have the
meanings ascribed to them in the Plan.  This summary is qualified
in its entirety by reference to the full text of the Plan and the
Confirmation Order, which are attached as Exhibits 2.1 and 99.1,
respectively, to the Company's Current Report on Form 8-K filed
with the Securities and Exchange Commission (the "SEC") on
Feb. 15.

The Plan of Reorganization and Treatment of Claims and Interests

The Plan contemplates the following treatment of claims against and
interests in the Debtors:

   -- Holders of claims under the Debtors' existing first lien
credit facility will receive their proportionate share of
commitments under a new $200 million first lien reserve-based
revolving credit facility and cash in an amount equal to the
aggregate amount of unrestricted cash of the Debtors as of the
Effective Date in excess of $25 million (net of any accrued and
unpaid administrative claims and certain other payments, escrows or
distributions pursuant to the Plan and the Appalachia Sale
Agreement) until reduction of the outstanding obligations to $0;

   -- Holders of claims under the Debtors' existing unsecured notes
(the "Noteholders") will receive their proportionate share of (i)
$100 million in cash (the "Prepetition Notes Cash"), (ii) $225
million of 7.5% senior second lien notes due 2022 (the "New Secured
Notes") and (iii) 95% of the common stock in the reorganized
Company, prior to dilution for the Management Equity Incentive
Program and the New Warrants;

   -- Holders of general unsecured claims shall be unaltered and
paid in full; and

   -- Holders of the Company's existing common stock will receive,
subject to the terms and conditions of the Plan, their
proportionate share of (i) 5% of the common stock in the
reorganized Company, prior to dilution for the Management Equity
Incentive Program and the New Warrants, and (ii) New Warrants
representing the right to purchase 15% of the common stock of the
reorganized Company with an exercise price equal to a total equity
value of the Reorganized Debtors that implies a 100% recovery of
outstanding principal to the Noteholders plus accrued interest
through the Effective Date less the face amount of the New Secured
Notes and the Prepetition Notes Cash.

Unless otherwise specified, the treatment set forth in the Plan and
Confirmation Order will be in full satisfaction of all claims
against and interests in the Debtors, which will be discharged on
the Effective Date.  All of the Company's existing common stock
will be extinguished by the Plan.

Additional Information

Additional information regarding the post-emergence Company may be
found in the Company's Current Report on Form 8-K filed with the
SEC today.

The Debtors filed their voluntary chapter 11 petitions and the Plan
in the U.S. Bankruptcy Court for the Southern District of Texas in
Houston.  Information about the bankruptcy cases, including the
Confirmation Order, can be found at
http://dm.epiq11.com/StoneEnergyor by calling +1-888-243-5081
(toll-free in North America) or +1‘503-520-4474 (outside of North
America).


                       About Stone Energy

Stone Energy Corp. is an independent oil and natural gas
exploration and production company headquartered in Lafayette,
Louisiana with additional offices in New Orleans, Houston and
Morgantown, West Virginia.  Stone is engaged in the acquisition,
exploration, development and production of properties in the Gulf
of Mexico and Appalachian basins. Stone Energy had 247 employees as
of the bankruptcy filing.

Stone Energy Corp. and two affiliates sought Chapter 11 protection
(Bankr. S.D. Tex. Case Nos. 16-36390, 16-36391 and 16-36392) on
Dec. 14, 2016, to pursue a prepackaged plan of reorganization.
Judge Marvin Isgur is assigned to the cases.

The Debtors hired Latham & Watkins LLP as general counsel, Porter
Hedges LLP as local counsel; Vinson & Elkins LLP as special
counsel; Alvarez & Marsal North America, LLC as financial advisor;
Lazard Freres & Co. LLC, as investment banker; and Epiq Bankruptcy
Solutions, LLC as claims, noticing, solicitation and balloting
agent.


STONE ENERGY: Equity Holders Accept Reorganization Plan
-------------------------------------------------------
Jane Sullivan, Executive Vice President of Epiq Bankruptcy
Solutions, LLC, informed the U.S. Bankruptcy Court for the Southern
District of Texas that holders of Class 5 Stone Equity Interests
entitled to vote on the Second Amended Joint Prepackaged Plan of
Stone Energy Corporation et al., have voted to accept the Debtor's
reorganization plan.

The deadline for holders of Class 5 Stone Equity Interests to cast
a vote or to opt out of third party release provided in Article
X.C. of the Plan was 4:00 p.m. (prevailing Central time) on
February 10,
2017.

According to Epiq's report, 99.44% of the Class 5 holders accepted
the Plan.  

A combined hearing to consider compliance with the Bankruptcy
Code's disclosure requirements and any objections thereto and to
consider confirmation of the Plan and any objection thereto was
scheduled to be held before the Hon. Marvin Isgur, United States
Bankruptcy Judge, in Room 404 of the United States Bankruptcy Court
for the Southern District of Texas, 515 Rusk Street, Houston, TX
77002, on February 14, 2017, at 9:00 a.m. (Prevailing Central
Time).  The Combined Hearing may be adjourned from time to time
without further notice other than an announcement of the adjourned
date.

Epiq's tabulation summary:

     Votes to Accept     Votes to Reject
     Amount/Percentage   Amount/Percentage
     -----------------   -----------------
     1,251,723           7,085
     99.44%              0.56%

Ms. Sullivan may be reached at:

     Jane Sullivan
     Executive Vice President
     Epiq Bankruptcy Solutions, LLC
     777 Third Avenue
     New York, New York 10017

                      About Stone Energy

Stone Energy Corp. is an independent oil and natural gas
exploration and production company headquartered in Lafayette,
Louisiana with additional offices in New Orleans, Houston and
Morgantown, West Virginia.  Stone is engaged in the acquisition,
exploration, development and production of properties in the Gulf
of Mexico and Appalachian basins. Stone Energy had 247 employees
as of the bankruptcy filing.

Stone Energy Corp. and two affiliates sought Chapter 11 protection
(Bankr. S.D. Tex. Case Nos. 16-36390, 16-36391 and 16-36392) on
Dec. 14, 2016, to pursue a prepackaged plan of reorganization.
Judge Marvin Isgur is assigned to the cases.

The Debtors hired Latham & Watkins LLP as general counsel, Porter
Hedges LLP as local counsel; Vinson & Elkins LLP as special
counsel; Alvarez & Marsal North America, LLC as financial advisor;
Lazard Freres & Co. LLC, as investment banker; and Epiq Bankruptcy
Solutions, LLC as claims, noticing, solicitation and balloting
agent.


STONE ENERGY: State Street Reports De Minimis Stake as of Dec. 31
-----------------------------------------------------------------
Boston, Mass.-based State Street Corporation disclosed in a
regulatory filing with the Securities and Exchange Commission that
it may be deemed to beneficially own in the aggregate 13,908 shares
or roughly 0.24% of the common stock of Stone Energy Corporation as
of Dec. 31, 2016.

State Street may be reached at:

     Sean P. Newth
     Senior Vice President,
     Chief Accounting Officer and Controller
     State Street Corp
     State Street Financial Center
     One Lincoln Street
     Boston, MA 02111

                      About Stone Energy

Stone Energy Corp. is an independent oil and natural gas
exploration and production company headquartered in Lafayette,
Louisiana with additional offices in New Orleans, Houston and
Morgantown, West Virginia.  Stone is engaged in the acquisition,
exploration, development and production of properties in the Gulf
of Mexico and Appalachian basins. Stone Energy had 247 employees
as of the bankruptcy filing.

Stone Energy Corp. and two affiliates sought Chapter 11 protection
(Bankr. S.D. Tex. Case Nos. 16-36390, 16-36391 and 16-36392) on
Dec. 14, 2016, to pursue a prepackaged plan of reorganization.
Judge Marvin Isgur is assigned to the cases.

The Debtors hired Latham & Watkins LLP as general counsel, Porter
Hedges LLP as local counsel; Vinson & Elkins LLP as special
counsel; Alvarez & Marsal North America, LLC as financial advisor;
Lazard Freres & Co. LLC, as investment banker; and Epiq Bankruptcy
Solutions, LLC as claims, noticing, solicitation and balloting
agent.


STONE ENERGY: Vanguard Reports 2.5% Equity Stake as of Dec. 31
--------------------------------------------------------------
The Vanguard Group disclosed in a regulatory filing with the
Securities and Exchange Commission that it may be deemed to
beneficially own in the aggregate 144,299 shares or roughly 2.53%
of the common stock of Stone Energy Corporation as of Dec. 31,
2016.

Vanguard may be reached at:

     F. William McNabb III
     President and Chief Executive Officer
     The Vanguard Group
     100 Vanguard Blvd.
     Malvern, PA  19355

                      About Stone Energy

Stone Energy Corp. is an independent oil and natural gas
exploration and production company headquartered in Lafayette,
Louisiana with additional offices in New Orleans, Houston and
Morgantown, West Virginia.  Stone is engaged in the acquisition,
exploration, development and production of properties in the Gulf
of Mexico and Appalachian basins. Stone Energy had 247 employees
as of the bankruptcy filing.

Stone Energy Corp. and two affiliates sought Chapter 11 protection
(Bankr. S.D. Tex. Case Nos. 16-36390, 16-36391 and 16-36392) on
Dec. 14, 2016, to pursue a prepackaged plan of reorganization.
Judge Marvin Isgur is assigned to the cases.

The Debtors hired Latham & Watkins LLP as general counsel, Porter
Hedges LLP as local counsel; Vinson & Elkins LLP as special
counsel; Alvarez & Marsal North America, LLC as financial advisor;
Lazard Freres & Co. LLC, as investment banker; and Epiq Bankruptcy
Solutions, LLC as claims, noticing, solicitation and balloting
agent.


STONERIDGE PARKWAY: Modab to Fund $1MM to Pay Unsecured Creditors
-----------------------------------------------------------------
Stoneridge Parkway, LLC's managing member will fund $1 million to
pay the Debtor's unsecured creditors, according to the company's
latest disclosure statement, which explains its Chapter 11 plan of
reorganization.

According to the filing, Danny Modab, Stoneridge's managing member
and 90% membership interest holder, will provide $1 million to the
reorganized company to pay unsecured claims upon the closing of the
sale of its property in Las Vegas, Nevada.

The amount paid to unsecured creditors will be determined by the
reorganized company in its sole discretion, according to the
filing.

Stoneridge is selling approximately 60 acres of the 272 acres of
its Las Vegas property for development to Mr. Modab.  The company
acquired the Silverstone Ranch Community Golf Course from Desert
Lifestyles, LLC in 2015.

Under the latest plan, if Stoneridge's reorganization strategy is
effective, Class 7 general unsecured creditors will be paid 100% of
their claims from the sale after payment of all secured,
administrative and priority claims.  

If the strategy is unsuccessful, these creditors will receive
nothing under the plan, according to the company's latest
disclosure statement filed on Feb. 7 with the U.S. Bankruptcy Court
in Nevada.

The Debtor also disclosed that on January 31, 2017, the Debtor
filed Adversary Proceeding No. 17-01007-BTB against its first lien
holder and post-petition lender, Aevitas Capital, LLC, alleging
several causes of action against Aevitas in the Complaint.  The
Debtor provided drafts of the Complaint to Aevitas prior to filing
the Adversary and conversations regarding the resolution of
lender's claim were in process.  As a result of those discussions,
the Debtor and Aevitas reached a resolution, through which Aevitas
agreed to support the Debtor's restructuring and the Plan
consistent with that agreement.  Therefore, on February 3, 2017 the
Debtor voluntarily dismissed the complaint, without prejudice.  The
Debtor will be filing a motion to approve the settlement with
Aevitas under Bankruptcy Rule 9019, which motion will control the
final terms of the settlement, however, a summary of the salient
terms agreed upon with Aevitas are as follows:

   -- Aevitas agreed to accept a discounted payoff of its debt in
the amount of $7,400,000.00, so long as it is paid on or before
June 30, 2017;

   -- As of July 1, 2017, the Debtor agreed to pay Aevitas
approximately $8,750,000 (the exact amount
being the amount consistent with the loan documents and the
parties' agreement that Aevitas's allowed claim is $8,089,702 as of
February 13, 2017), plus simple interest at a rate of 18%, through
October
15, 2017;

   -- As of October 16, 2017, assuming the Plan has been confirmed,
Aevitas will be authorized to issue a default under its loan
documents, and pursue its remedies under Nevada law;

   -- The Debtor agreed to an allowed secured claim of
$8,089,702.00 for Aevitas, as of February 13, 2017, which claim is
accruing interest at a rate of 23% interest, compounding daily;

   -- Aevitas will allow the Debtor to pay its postpetition
financing only, post-confirmation through October 15, 2017, at a
rate of 6% interest;

   -- The Debtor will release its claims against Aevitas upon Court
approval of the Aevitas-Debtor
settlement, and upon payoff, Aevitas will release and discharge its
debt against the estate and deem it
fully satisfied;

   -- The parties agreed to a standstill with respect to litigation
while the Debtor prosecutes its Plan; and

   -- The parties agreed to reserve their rights with respect to
all matters outside of, or not specified in their agreement
finalized on February 3, 2017.

A blacklined version of the third amended disclosure statement is
available for free at:

                     https://is.gd/KzdDqe
  
                    About Stoneridge Parkway

Stoneridge Parkway, LLC, a California limited liability company,
was formed on Aug. 3, 2015.  On Dec. 16, 2015, the Debtor acquired
the Silverstone Ranch Community Golf Course, located at 8600 Cupp
Drive, Las Vegas, Nevada 89131 from the prior owner, Desert
Lifestyles, LLC.  Danny Modab is the Debtor's managing member and
90% membership interest holder.  Stoneridge Parkway Investors,
Inc., a Nevada corporation, is a 10% membership interest holder of
the Debtor.  The property was formerly a 27-hole golf course;
however, the course has not been in operations since Sept. 1, 2015.
Currently, the Debtor does not generate income from the property,
and when a golf course was operated at the site, it operated at a
loss.

The Debtor sought protection under Chapter 11 (Bankr. C.D. Cal.
Case No. 15-14111) on Dec. 18, 2015.  The petition was signed by
Danny Modab, managing member.  

The venue was later transferred to the U.S. Bankruptcy Court for
the District of Nevada (Case No. 16-11627).

The Debtor estimated assets of $100,000 to $500,000 and debts of $1
million to $10 million.  The Debtor is represented by Samuel A.
Schwartz, Esq., at Schwartz Flansburg PLLC, in Las Vegas, Nevada.


STRATEGIC ASSET: Desert Schools Objects to Cash Collateral Use
--------------------------------------------------------------
Desert Schools Federal Credit Union, a secured creditor of
Strategic Asset Acquisition LLC and its affiliated debtors, informs
the U.S. Bankruptcy Court for the District of Arizona that it has
not consented to the Debtors' use of its cash collateral.

Desert Schools asserts that it holds a valid and perfected first
priority lien and security interest in all of the assets of the
Debtors, including all cash collateral and rents generated from the
Debtors' businesses to secure payment of the Debtors' loan
obligations to Desert Schools.  The Debtors owe Desert Schools a
total outstanding amount of at least $22,357,134, not including
accrued and unpaid default rate interest, as of the Petition Date.

Desert Schools relates that following the Debtors' bankruptcy
filing, Desert Schools' counsel has notified the Debtors that it
did not consent to the use of its cash collateral, and for the
possibility of agreeing to a consensual cash collateral order.

Desert Schools wants all rents and other cash collateral in the
Debtors' possession be immediately segregated, sequestered, and
deposited in a separate bank account.  Desert Schools also wants an
accounting of all cash collateral in the possession of the
Debtors.

Desert Schools contends that in order to effect consensual cash
collateral use it has circulated a proposed cash collateral order
to Debtors' counsel.   Desert Schools further contends, however,
that no agreement has been reached on the form of the proposed
order or on a number of other outstanding issues.

Desert Schools tells the Court that the Debtors have taken the
position that there has not been, and will not be, any cash
collateral generated through the operations of its businesses
because Asset Acquisition's operations were taken over by SP
Classic Enterprises, LLC and/or related entities, pursuant to
several substantively identical Contribution Agreements and Escrow
Instructions. SP Classic Enterprises and/or its related entities
are collectively known as Cobblestone.

Desert Schools asserts that its first priority security interest
extends to revenues generated by Cobblestone because of the
following reasons, among others:

      (1) Desert Schools has a first priority security interest in
all revenues and profits generated on or in relation to the Real
Property;

      (2) any leases entered into by and between the Debtors and
Cobblestone were executed without Desert Schools' consent and in
breach of the Loan Documents;

      (3) the Contribution Date under the Contribution Agreement
never occurred because Desert Schools never consented to the
conveyance of the Real Property and the Desert Schools Loans were
never replaced with third party financing and the Contribution
Agreement therefore never became effective;

      (4) Cobblestone had full knowledge of Desert Schools'
preexisting security interest in the revenues of the car wash
operations when they purported to supplant Asset Acquisition as the
tenant/operator; and

      (5) under the Deeds of Trust, Desert Schools has a first
priority security interest in all of the assets of the Real
Property Debtors for which Deeds of Trust remain outstanding and
the proceeds of the use of such assets.

Desert Schools asserts that any amounts generated by that operation
would be the proceeds of Desert Schools' collateral and similarly
encumbered by Desert Schools' first priority security interests.

Desert Schools fully intends to continue discussions with the
Debtors with the intention to consensually resolve the outstanding
items between Desert Schools and the Debtors with respect to Cash
Collateral.  To the extent the Debtors have used Desert Schools'
cash collateral since the Petition Date, Desert Schools asserts
that it is entitled to a super-priority administrative claim,
replacement liens, adequate protection payments, and/or other
awards.

Desert Schools Federal Credit Union is represented by:

            Brian A. Cabianca, Esq.
            Gregory A. Davis, Esq.
            SQUIRE PATTON BOGGS (US) LLP
            1 East Washington, Suite 2700
            Phoenix, Arizona 85004-4498
            Telephone: (602) 528-4000
            Email: brian.cabianca@squirepb.com
                   gregory.davis@squirepb.com

            -- and --

            Mark A. Salzberg, Esq,
            Travis A. McRoberts, Esq.
            SQUIRE PATTON BOGGS (US) LLP
            2550 M Street, NW
            Washington, DC 20037
            Telephone: (202) 457-6000
            Email: mark.salzberg@squirepb.com
                   travis.mcroberts@squirepb.com

              About Strategic Asset Acquisition

Strategic Asset Acquisition LLC and its four affiliates: Warner and
McQueen Classic Car Spa LLC, Grant Road Classic Car Spa LLC, Palm
Valley Classic Car Spa LLC and 56th Street Classic Car Spa LLC,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
D. Ariz. Case Nos. 17-00799, 17-00800, 17-00801, 17-00802 and
17-00803, respectively) on January 27, 2017.  The petitions were
signed by James R. Barrons, managing member.  

The cases of Strategic Asset and Warner and McQueen are assigned to
Judge Paul Sala.  The case of Grant Road Classic is assigned to
Judge Madeleine C. Wanslee.

Strategic Asset estimated assets at $100,000 to $500,000 and
liabilities at $10 million to $50 million.  Affiliates Warner and
McQueen estimated assets and liabilities a $1 million and $10
million, and Grant Road Classic estimated assets at $0 to $50,000
and liabilities at $1 million and $10 million.

The Debtors are represented by Michael W. Carmel, Esq., at Michael
W. Carmel, Ltd.


SUNEDISON INC: Adage Capital et al. No Longer Hold Shares
---------------------------------------------------------
Adage Capital Partners, L.P., Adage Capital Partners GP, L.L.C.,
Adage Capital Advisors, L.L.C., Robert Atchinson -- managing member
of ACA, managing member of ACPGP, general partner of ACP with
respect to the shares of Common Stock directly owned by ACP -- and
Phillip Gross -- as managing member of ACA, managing member of
ACPGP, general partner of ACP with respect to the shares of Common
Stock directly owned by ACP -- disclosed in a regulatory filing
with the Securities and Exchange Commission that they no longer
hold shares of SunEdison Inc. common stock as of Dec. 31, 2016.

Adage may be reached at:

     Robert Atchinson, Managing Member
     ADAGE CAPITAL PARTNERS, L.P.
     200 Clarendon Street, 52nd floor
     Boston, MA 02116

                    About SunEdison, Inc.

SunEdison, Inc. (OTC PINK: SUNEQ), is a developer and seller of
photovoltaic energy solutions, an owner and operator of clean
power generation assets, and a global leader in the development,
manufacture and sale of silicon wafers to the semiconductor
industry.

On April 21, 2016, SunEdison, Inc., and 25 of its affiliates each
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case Nos.
16-10991 to 16-11017).  Martin H. Truong, the senior vice
president, general counsel and secretary, signed the petitions.

The Debtors disclosed total assets of $20.7 billion and total
debt of $16.1 billion as of Sept. 30, 2015.

The Debtors have hired Skadden, Arps, Slate, Meagher & Flom LLP
as counsel, Togut, Segal & Segal LLP as conflicts counsel,
Rothschild Inc. as investment banker and financial advisor,
McKinsey Recovery & Transformation Services U.S., LLC, as
restructuring advisors and Prime Clerk LLC as claims and noticing
agent.  The Debtors employed PricewaterhouseCoopers LLP as
financial advisors; and KPMG LLP as their auditor and tax
consultant.

SunEdison also has tapped Eversheds LLP as its special counsel
for Great Britain and the Middle East.  Cohen & Gresser LLP has
also been retained as special counsel.

The Debtors retained Ernst &Young LLP to provide tax-related
services.  Keen-Summit Capital Partners LLC has been hired as
real estate advisor.  Binswanger of Texas, Inc. also has been
retained as real estate agent.

Sullivan & Cromwell LLP serves as counsel to TerraForm Power,
Inc., and TerraForm Global, Inc.

An official committee of unsecured creditors has been appointed
in the case.  The Committee tapped Weil, Gotshal & Manges LLP as
its general bankruptcy counsel and Morrison & Foerster LLP as
special counsel.  Togut, Segal & Segal LLP and Kobre & Kim LLP
serve as conflicts counsel.  Alvarez & Marsal North America,
LLC,
serves as the Committee's financial advisors.

Counsel to the administrative agent under the Debtors'
prepetition first lien credit agreement are Richard Levy, Esq.,
and Brad Kotler, Esq., at Latham & Watkins.

Counsel to the administrative agent under the postpetition DIP
financing facility are Scott Greissman, Esq., and Elizabeth Feld,
Esq. at White & Case LLP.

Counsel to the Tranche B Lenders (as defined in the DIP credit
agreement) and the steering committee of the second lien
creditors are Arik Preis, Esq., and Naomi Moss, Esq., at Akin
Gump Strauss Hauer & Field, LLP.

Counsel to the administrative agent under the Debtors'
prepetition second lien credit agreement is Daniel S. Brown,
Esq., at Pillsbury Winthrop Shaw Pittman LLP.

The collateral trustee under the Debtors' prepetition second lien
credit agreement and the indenture trustee under each of the
Debtors' outstanding bond issuances, is represented by Marie C.
Pollio, Esq., at Shipman & Goodwin LLP.

Counsel to the ad hoc group of certain holders of the Debtors'
convertible senior notes is White & Case LLP's Tom Lauria, Esq.


SUNEDISON INC: Holds 34.5% of TerraForm Power Class A Shares
------------------------------------------------------------
SunEdison, Inc., SunEdison Holdings Corporation and SUNE ML 1, LLC
disclosed in a joint regulatory filing with the Securities and
Exchange Commission that they may be deemed to beneficially own
48,202,310 shares -- or roughly 34.5% -- of the Class A Common
Stock of TerraForm Power, Inc., as of Dec. 31, 2016.

SUNE ML is a Delaware limited liability company and a wholly-owned
subsidiary of SunEdison Holdings.

SunEdison CEO John Dubel explains: "SUNE ML directly owned, as of
December 31, 2016, 32,200,000 Class B units of TerraForm Power, LLC
("Terra LLC") and an equal number of shares of Class B common
stock, par value $0.01 per share, of [Power Inc.].  SunEdison
Holdings directly owned, as of December 31, 2016, 16,002,310 Class
B units of Terra LLC and an equal number of shares of Class B
common stock of [Power Inc.].  SunEdison Holdings is the sole
shareholder of SUNE ML and may therefore be deemed to beneficially
own 32,200,000 Class B units of Terra LLC and an equal number of
shares of Class B common stock of [Power Inc.].  SunEdison, as the
direct parent of SunEdison Holdings, may be deemed to beneficially
own, as of December 31, 2016, 48,202,310 Class B units of Terra LLC
and an equal number of shares of Class B common stock.  Each Class
B unit of Terra LLC is exchangeable (together with one share of
Class B common stock of the issuer) for one share of Class A common
stock of [Power Inc.] at any time."

                    About SunEdison, Inc.

SunEdison, Inc. (OTC PINK: SUNEQ), is a developer and seller of
photovoltaic energy solutions, an owner and operator of clean
power generation assets, and a global leader in the development,
manufacture and sale of silicon wafers to the semiconductor
industry.

On April 21, 2016, SunEdison, Inc., and 25 of its affiliates each
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case Nos.
16-10991 to 16-11017).  Martin H. Truong, the senior vice
president, general counsel and secretary, signed the petitions.

The Debtors disclosed total assets of $20.7 billion and total
debt of $16.1 billion as of Sept. 30, 2015.

The Debtors have hired Skadden, Arps, Slate, Meagher & Flom LLP
as counsel, Togut, Segal & Segal LLP as conflicts counsel,
Rothschild Inc. as investment banker and financial advisor,
McKinsey Recovery & Transformation Services U.S., LLC, as
restructuring advisors and Prime Clerk LLC as claims and noticing
agent.  The Debtors employed PricewaterhouseCoopers LLP as
financial advisors; and KPMG LLP as their auditor and tax
consultant.

SunEdison also has tapped Eversheds LLP as its special counsel
for Great Britain and the Middle East.  Cohen & Gresser LLP has
also been retained as special counsel.

The Debtors retained Ernst &Young LLP to provide tax-related
services.  Keen-Summit Capital Partners LLC has been hired as
real estate advisor.  Binswanger of Texas, Inc. also has been
retained as real estate agent.

Sullivan & Cromwell LLP serves as counsel to TerraForm Power,
Inc., and TerraForm Global, Inc.

An official committee of unsecured creditors has been appointed
in the case.  The Committee tapped Weil, Gotshal & Manges LLP as
its general bankruptcy counsel and Morrison & Foerster LLP as
special counsel.  Togut, Segal & Segal LLP and Kobre & Kim LLP
serve as conflicts counsel.  Alvarez & Marsal North America,
LLC,
serves as the Committee's financial advisors.

Counsel to the administrative agent under the Debtors'
prepetition first lien credit agreement are Richard Levy, Esq.,
and Brad Kotler, Esq., at Latham & Watkins.

Counsel to the administrative agent under the postpetition DIP
financing facility are Scott Greissman, Esq., and Elizabeth Feld,
Esq. at White & Case LLP.

Counsel to the Tranche B Lenders (as defined in the DIP credit
agreement) and the steering committee of the second lien
creditors are Arik Preis, Esq., and Naomi Moss, Esq., at Akin
Gump Strauss Hauer & Field, LLP.

Counsel to the administrative agent under the Debtors'
prepetition second lien credit agreement is Daniel S. Brown,
Esq., at Pillsbury Winthrop Shaw Pittman LLP.

The collateral trustee under the Debtors' prepetition second lien
credit agreement and the indenture trustee under each of the
Debtors' outstanding bond issuances, is represented by Marie C.
Pollio, Esq., at Shipman & Goodwin LLP.

Counsel to the ad hoc group of certain holders of the Debtors'
convertible senior notes is White & Case LLP's Tom Lauria, Esq.


SUNEDISON INC: Holds 36.3% of TerraForm Global Class A Shares
-------------------------------------------------------------
SunEdison, Inc. and SunEdison Holdings Corporation disclosed in a
regulatory filing with the Securities and Exchange Commission that
they may be deemed to beneficially own 63,343,054 shares -- or
roughly 36.3% -- of Class A Common Stock of TerraForm Global, Inc.,
as of Dec. 31, 2016.

SunEdison CEO John Dubel explains: "In the aggregate, [SunEdison
and SunEdison Holdings] beneficially owned, as of December 31, 2015
and December 31, 2016, 2,000,000 shares of Class A common stock of
[Global Inc.], and 61,343,054 Class B units of TerraForm Gobal, LLC
and an equal number of shares of Class B common stock, par value
$0.01 per share, of [Global Inc.].  Each Class B unit of Global LLC
is exchangeable (together with one share of Class B common stock of
[Global Inc.]) for one share of Class A common stock of [Global
Inc.] at any time.  The shares of Class A common stock, Class B
units of Global LLC and shares of Class B common stock of [Global
Inc.] reported herein are directly owned by SunEdison Holdings, and
indirectly owned by SunEdison, which as the direct parent of
SunEdison Holdings has shared voting and dispositive power over
such units and shares."

                    About SunEdison, Inc.

SunEdison, Inc. (OTC PINK: SUNEQ), is a developer and seller of
photovoltaic energy solutions, an owner and operator of clean
power generation assets, and a global leader in the development,
manufacture and sale of silicon wafers to the semiconductor
industry.

On April 21, 2016, SunEdison, Inc., and 25 of its affiliates each
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case Nos.
16-10991 to 16-11017).  Martin H. Truong, the senior vice
president, general counsel and secretary, signed the petitions.

The Debtors disclosed total assets of $20.7 billion and total
debt of $16.1 billion as of Sept. 30, 2015.

The Debtors have hired Skadden, Arps, Slate, Meagher & Flom LLP
as counsel, Togut, Segal & Segal LLP as conflicts counsel,
Rothschild Inc. as investment banker and financial advisor,
McKinsey Recovery & Transformation Services U.S., LLC, as
restructuring advisors and Prime Clerk LLC as claims and noticing
agent.  The Debtors employed PricewaterhouseCoopers LLP as
financial advisors; and KPMG LLP as their auditor and tax
consultant.

SunEdison also has tapped Eversheds LLP as its special counsel
for Great Britain and the Middle East.  Cohen & Gresser LLP has
also been retained as special counsel.

The Debtors retained Ernst &Young LLP to provide tax-related
services.  Keen-Summit Capital Partners LLC has been hired as
real estate advisor.  Binswanger of Texas, Inc. also has been
retained as real estate agent.

Sullivan & Cromwell LLP serves as counsel to TerraForm Power,
Inc., and TerraForm Global, Inc.

An official committee of unsecured creditors has been appointed
in the case.  The Committee tapped Weil, Gotshal & Manges LLP as
its general bankruptcy counsel and Morrison & Foerster LLP as
special counsel.  Togut, Segal & Segal LLP and Kobre & Kim LLP
serve as conflicts counsel.  Alvarez & Marsal North America,
LLC,
serves as the Committee's financial advisors.

Counsel to the administrative agent under the Debtors'
prepetition first lien credit agreement are Richard Levy, Esq.,
and Brad Kotler, Esq., at Latham & Watkins.

Counsel to the administrative agent under the postpetition DIP
financing facility are Scott Greissman, Esq., and Elizabeth Feld,
Esq. at White & Case LLP.

Counsel to the Tranche B Lenders (as defined in the DIP credit
agreement) and the steering committee of the second lien
creditors are Arik Preis, Esq., and Naomi Moss, Esq., at Akin
Gump Strauss Hauer & Field, LLP.

Counsel to the administrative agent under the Debtors'
prepetition second lien credit agreement is Daniel S. Brown,
Esq., at Pillsbury Winthrop Shaw Pittman LLP.

The collateral trustee under the Debtors' prepetition second lien
credit agreement and the indenture trustee under each of the
Debtors' outstanding bond issuances, is represented by Marie C.
Pollio, Esq., at Shipman & Goodwin LLP.

Counsel to the ad hoc group of certain holders of the Debtors'
convertible senior notes is White & Case LLP's Tom Lauria, Esq.


SUNEDISON INC: OppenheimerFunds No Longer Holds Shares
------------------------------------------------------
OppenheimerFunds, Inc., disclosed in a regulatory filing with the
Securities and Exchange Commission that it no longer holds shares
of SunEdison Inc. common stock as of Dec. 31, 2016.

OppenheimerFunds may be reached at:

     Mary Ann Picciotto
     Sr. Vice President and Chief Compliance Officer
     OppenheimerFunds, Inc.
     225 Liberty Street
     New York, NY 10281

                    About SunEdison, Inc.

SunEdison, Inc. (OTC PINK: SUNEQ), is a developer and seller of
photovoltaic energy solutions, an owner and operator of clean
power generation assets, and a global leader in the development,
manufacture and sale of silicon wafers to the semiconductor
industry.

On April 21, 2016, SunEdison, Inc., and 25 of its affiliates each
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case Nos.
16-10991 to 16-11017).  Martin H. Truong, the senior vice
president, general counsel and secretary, signed the petitions.

The Debtors disclosed total assets of $20.7 billion and total
debt of $16.1 billion as of Sept. 30, 2015.

The Debtors have hired Skadden, Arps, Slate, Meagher & Flom LLP
as counsel, Togut, Segal & Segal LLP as conflicts counsel,
Rothschild Inc. as investment banker and financial advisor,
McKinsey Recovery & Transformation Services U.S., LLC, as
restructuring advisors and Prime Clerk LLC as claims and noticing
agent.  The Debtors employed PricewaterhouseCoopers LLP as
financial advisors; and KPMG LLP as their auditor and tax
consultant.

SunEdison also has tapped Eversheds LLP as its special counsel
for Great Britain and the Middle East.  Cohen & Gresser LLP has
also been retained as special counsel.

The Debtors retained Ernst &Young LLP to provide tax-related
services.  Keen-Summit Capital Partners LLC has been hired as
real estate advisor.  Binswanger of Texas, Inc. also has been
retained as real estate agent.

Sullivan & Cromwell LLP serves as counsel to TerraForm Power,
Inc., and TerraForm Global, Inc.

An official committee of unsecured creditors has been appointed
in the case.  The Committee tapped Weil, Gotshal & Manges LLP as
its general bankruptcy counsel and Morrison & Foerster LLP as
special counsel.  Togut, Segal & Segal LLP and Kobre & Kim LLP
serve as conflicts counsel.  Alvarez & Marsal North America,
LLC,
serves as the Committee's financial advisors.

Counsel to the administrative agent under the Debtors'
prepetition first lien credit agreement are Richard Levy, Esq.,
and Brad Kotler, Esq., at Latham & Watkins.

Counsel to the administrative agent under the postpetition DIP
financing facility are Scott Greissman, Esq., and Elizabeth Feld,
Esq. at White & Case LLP.

Counsel to the Tranche B Lenders (as defined in the DIP credit
agreement) and the steering committee of the second lien
creditors are Arik Preis, Esq., and Naomi Moss, Esq., at Akin
Gump Strauss Hauer & Field, LLP.

Counsel to the administrative agent under the Debtors'
prepetition second lien credit agreement is Daniel S. Brown,
Esq., at Pillsbury Winthrop Shaw Pittman LLP.

The collateral trustee under the Debtors' prepetition second lien
credit agreement and the indenture trustee under each of the
Debtors' outstanding bond issuances, is represented by Marie C.
Pollio, Esq., at Shipman & Goodwin LLP.

Counsel to the ad hoc group of certain holders of the Debtors'
convertible senior notes is White & Case LLP's Tom Lauria, Esq.


SUNEDISON INC: Proposes to Indemnify Lenders' Financial Advisor
---------------------------------------------------------------
SunEdison, Inc., and certain of its debtor-affiliates seek
authority from the U.S. Bankruptcy Court for the Southern District
of New York to provide indemnity to J.P. Morgan Securities LLC, the
financial advisor to the Tranche B Lenders/Steering Committee.

SunEdison reminds the Court that the Final DIP Order and the DIP
Credit Agreement authorize and obligate the Debtors to pay the
reasonable fees and expenses of, and to indemnify, the advisors
retained by the Tranche B Lenders.  The Tranche B Lenders/Steering
Committee have retained J.P. Morgan to provide financial advisory
services to them in connection with the marketing and sale of the
Yieldcos -- Terraform Power, Inc. and Terraform Global, Inc.  The
Debtors' interests in the Yieldcos constitute collateral under the
DIP Facility and the Prepetition Second Lien Obligations.

Consistent with the authority granted to the Debtors under the
Final DIP Order and the DIP Credit Agreement, out of an abundance
of caution, the Debtors:

     (i) notify the Court and parties in interest that the
         Debtors intend to enter into the engagement letter
         with J.P. Morgan and the Tranche B Lenders/Steering
         Committee, by and through its counsel, Akin Gump
         Strauss Hauer & Feld LLP; and

    (ii) seek the Court's authority to provide a post-petition
         indemnity to J.P. Morgan in accordance with the terms
         of the Engagement Letter.

The "Tranche B Lenders/Steering Committee" comprises those
unaffiliated holders, or unaffiliated investment managers for
holders, of:

     (i) the 5% Guaranteed Convertible Senior Secured Notes due
         2018 issued under that certain indenture dated as of
         January 11, 2016 by SunEdison, Inc. and

    (ii) indebtedness under the Second Lien Credit Agreement
         dated as of January 11, 2016, by and among SunEdison,
         Inc. and the other parties thereto identified therein,
         certain of which are also lenders, or unaffiliated
         investment managers for lenders, under the senior-
         secured, priming, superpriority debtor-in-possession
         financing facility.  

The Tranche B Lenders/Steering Committee collectively hold
approximately:

     90% of the outstanding aggregate principal amount of the
         Tranche B Term Loans,

     82% of the outstanding aggregate principal amount of the
         Tranche B Roll-Up Loans, and

     87% of the outstanding aggregate principal amount of the
         2L Stub.

The Debtors are engaged in a joint marketing and strategic review
process with the Yieldcos to maximize the value of the estates'
interests in Yieldcos -- which the Debtors dubbed as their estates'
most valuable assets.

On January 20, 2017, TERP and GLBL entered into exclusivity
agreements with Brookfield Asset Management Inc., which agreements
are subject to customary terms and conditions.  Under the
Exclusivity Agreements, TERP and GLBL have agreed to negotiate
exclusively with Brookfield in connection with a possible
negotiated business combination transaction between TERP and/or
GLBL and Brookfield until the earlier of the execution of a
definitive agreement for such in connection with a possible
negotiated business combination transaction between TERP and/or
GLBL and Brookfield until the earlier of the execution of a
definitive agreement for the transaction and 11:59 p.m. New York
City time on February 21, 2017, with respect to TERP, and March 6,
2017, with respect to GLBL.

As of October 24, 2016, the Tranche B Lenders/Steering Committee
exclusively retained J.P. Morgan to provide financial advisory
services in connection with a
possible Transaction relating to SunEdison's interests in each of
the Yieldcos.  J.P. Morgan has since become intimately involved in
the Yieldco strategic
process and, indeed, has performed extensive work on behalf of the
Tranche B Lenders/Steering Committee to date.

As provided in the Engagement Letter, J.P. Morgan has agreed to
serve as financial advisor to the Tranche B Lenders/Steering
Committee.  The terms of the Engagement
Letter reflect the mutual agreement between the Tranche B
Lenders/Steering Committee and J.P. Morgan as to the substantial
efforts that may be required of J.P. Morgan in this engagement.
The Engagement Letter provides, in consideration for the
compensation contemplated thereby, J.P. Morgan will render (and
indeed has rendered for the last three months) these services,
among others:

     (a) familiarize itself with the financial condition and
         business of the Yieldcos, the Company, and, to the extent

         necessary, any prospective purchaser, and advise and
assist
         Akin and the Tranche B Lenders/Steering Committee in
         considering the desirability of effecting a transaction
         (as defined in the Engagement Letter);

     (b) if requested by Akin or the Tranche B Lenders/Steering
         Committee, assist the Tranche B Lenders/Steering Committee

         in identifying and contacting potential purchasers to
         ascertain their interest in a transaction;  

     (c) provide financial advice and related assistance to Akin
         and the Tranche B Lenders/Steering Committee in all
         aspects of a potential transaction as reasonably requested

         by the Tranche B Lenders/Steering Committee and mutually
         agreed in writing between the Tranche B Lenders/Steering
         Committee and J.P. Morgan, and

     (d) advise and assist Akin and/or the Tranche B Lenders/
         Steering Committee in their negotiation of the financial
         aspects of a transaction.

J.P. Morgan requires the Debtors to agree to indemnify, reimburse
and provide contribution to J.P. Morgan and its affiliates, and any
of their respective directors, agents, and employees as detailed in
the Engagement Letter.  

Accordingly, the Company agrees (a) to indemnify J.P. Morgan and
its affiliates, and the respective directors, officers, agents, and
employees of J.P. Morgan and its affiliates, from and against any
losses, claims, demands, damages or liabilities of any kind
relating to or arising out of activities performed or services
furnished pursuant to the Engagement Letter or J.P. Morgan's role
in connection therewith, and (b) to reimburse each Indemnified
Person for all reasonable, duly-documented out-of-pocket expenses
incurred by such Indemnified Person in connection with
investigating, preparing or defending any investigative,
administrative, judicial or regulatory action or proceeding in any
jurisdiction related to or arising out of such activities,
services, or role, whether or not in connection with pending or
threatened litigation to which any Indemnified Person is a party,
in each case as such expenses are incurred or paid.  

The Company intends to compensate J.P. Morgan in accordance with
the terms and conditions and at the times set forth in the
Engagement Letter:

     (a) in the event of a transaction entered into as part of the
         sale process which is being conducted by the Yieldcos as
         of the date of the Engagement Letter, a Current Process
         Fee equal to $3,000,000 with respect to a transaction
         relating to TERP and a fee equal to $1,000,000 with
         respect to a transaction relating to GLBL, in each case
         which shall be payable upon the closing of such
         transaction; and  

     (b) in the event of any other transaction entered into other
         than as part of the sale process which is being conducted
         by the Yieldcos as of the date of the Engagement Letter
         or a transaction in which the Company continues to hold
         the majority of the public equity securities it currently
          holds in the Yieldcos -- Sponsor Transaction -- which
         may be consummated as part of the current sale process
         being conducted by the Yieldcos and the Company, a New
         Process Fee, which shall be payable upon the closing of
         the transaction, and which shall be equal to:

         -- $8,000,000 with respect to a transaction relating to
            both TERP and GLBL,

         -- $7,000,000 with respect to a transaction relating to
            TERP only, and

         -- $3,000,000 with respect to a transaction relating to
            GLBL only

         provided that in the event a New Process Fee becomes
         payable in a transaction where the purchaser relating to
         TERP is different from the Purchaser relating to GLBL,
         then $1,500,000 of the GLBL New Process Fee shall be
         credited against the balance of the New Process Fee,

         provided that if in lieu of a transaction or Sponsor
         Transaction, the Company completes an alternative
         transaction involving the Yieldcos with the assistance
         of J.P. Morgan, J.P. Morgan and the Tranche B Lenders/
         Steering Committee will negotiate in good faith
         appropriate compensation for J.P. Morgan, subject to
         the Company's approval in its sole discretion, which will
         take into account, among other things, the results
         obtained and the custom and practice among investment
         banking firms of comparable standing acting in similar
         transactions.

The Debtors also agreed pursuant to the Engagement Letter to
reimburse J.P. Morgan for, and J.P. Morgan will separately bill,
J.P. Morgan's reasonable, duly documented costs and expenses in
connection with its engagement as incurred, including travel costs,
document production and other similar expenses, and reasonable,
actual and documented fees and expenses of counsel appointed with
the Debtors' consent, not to be unreasonably withheld, and other
professional advisors, and any irrecoverable value added or similar
tax incurred thereon.

The fees payable will be earned and payable upon the closing and
consummation of a transaction, subject to the prior payment of all
Tranche A Lender claims.  J.P.
Morgan will be entitled to receive the Compensation provided for
above if the events specified occur -- or an agreement is entered
into which subsequently results in a consummated transaction --
during the term of the Engagement Letter or at any time within six
months after expiration or termination of the Engagement Letter, as
the case may be.

The Debtors noted that the fee structure and amount was negotiated
over three months ago, prior to the deadline to deliver letters of
interest in the first round of the Yieldco strategic review
process.

Counsel to The Steering Committee of Pre-Petition 2nd Lien Lenders
to SunEdison, Inc.:

     Arik Preis, Esq.
     Akin Gump Strauss Hauer & Feld, LLP
     One Bryant Park
     New York, NY 10036
     E-mail: apreis@akingump.com

                    About SunEdison, Inc.

SunEdison, Inc. (OTC PINK: SUNEQ), is a developer and seller of
photovoltaic energy solutions, an owner and operator of clean
power generation assets, and a global leader in the development,
manufacture and sale of silicon wafers to the semiconductor
industry.

On April 21, 2016, SunEdison, Inc., and 25 of its affiliates each
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case Nos.
16-10991 to 16-11017).  Martin H. Truong, the senior vice
president, general counsel and secretary, signed the petitions.

The Debtors disclosed total assets of $20.7 billion and total
debt of $16.1 billion as of Sept. 30, 2015.

The Debtors have hired Skadden, Arps, Slate, Meagher & Flom LLP
as counsel, Togut, Segal & Segal LLP as conflicts counsel,
Rothschild Inc. as investment banker and financial advisor,
McKinsey Recovery & Transformation Services U.S., LLC, as
restructuring advisors and Prime Clerk LLC as claims and noticing
agent.  The Debtors employed PricewaterhouseCoopers LLP as
financial advisors; and KPMG LLP as their auditor and tax
consultant.

SunEdison also has tapped Eversheds LLP as its special counsel
for Great Britain and the Middle East.  Cohen & Gresser LLP has
also been retained as special counsel.

The Debtors retained Ernst &Young LLP to provide tax-related
services.  Keen-Summit Capital Partners LLC has been hired as
real estate advisor.  Binswanger of Texas, Inc. also has been
retained as real estate agent.

Sullivan & Cromwell LLP serves as counsel to TerraForm Power,
Inc., and TerraForm Global, Inc.

An official committee of unsecured creditors has been appointed
in the case.  The Committee tapped Weil, Gotshal & Manges LLP as
its general bankruptcy counsel and Morrison & Foerster LLP as
special counsel.  Togut, Segal & Segal LLP and Kobre & Kim LLP
serve as conflicts counsel.  Alvarez & Marsal North America,
LLC,
serves as the Committee's financial advisors.

Counsel to the administrative agent under the Debtors'
prepetition first lien credit agreement are Richard Levy, Esq.,
and Brad Kotler, Esq., at Latham & Watkins.

Counsel to the administrative agent under the postpetition DIP
financing facility are Scott Greissman, Esq., and Elizabeth Feld,
Esq. at White & Case LLP.

Counsel to the Tranche B Lenders (as defined in the DIP credit
agreement) and the steering committee of the second lien
creditors are Arik Preis, Esq., and Naomi Moss, Esq., at Akin
Gump Strauss Hauer & Field, LLP.

Counsel to the administrative agent under the Debtors'
prepetition second lien credit agreement is Daniel S. Brown,
Esq., at Pillsbury Winthrop Shaw Pittman LLP.

The collateral trustee under the Debtors' prepetition second lien
credit agreement and the indenture trustee under each of the
Debtors' outstanding bond issuances, is represented by Marie C.
Pollio, Esq., at Shipman & Goodwin LLP.

Counsel to the ad hoc group of certain holders of the Debtors'
convertible senior notes is White & Case LLP's Tom Lauria, Esq.


SUNGARD AVAILABILITY: Bank Debt Trades at 4% Off
------------------------------------------------
Participations in a syndicated loan under SunGard Availability is a
borrower traded in the secondary market at 96.20
cents-on-the-dollar during the week ended Friday, February 10,
2017, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents a decrease of 0.50 percentage points from
the previous week.  SunGard Availability pays 500 basis points
above LIBOR to borrow under the $1.025 billion facility. The bank
loan matures on March 27, 2019 and carries Moody's B1 rating and
Standard & Poor's B rating.  The loan is one of the biggest gainers
and losers among 247 widely quoted syndicated loans with five or
more bids in secondary trading for the week ended February 10.


SYNIVERSE TECHNOLOGIES: $700MM Bank Debt Trades at 10% Off
----------------------------------------------------------
Participations in a syndicated loan under Syniverse Technologies is
a borrower traded in the secondary market at 90.01
cents-on-the-dollar during the week ended Friday, February 10,
2017, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents an increase of 0.26 percentage points
from the previous week.  Syniverse Technologies pays 300 basis
points above LIBOR to borrow under the $0.700 billion facility. The
bank loan matures on April 20, 2019 and Moody's and S&P did not
give any ratings.  The loan is one of the biggest gainers and
losers among 247 widely quoted syndicated loans with five or more
bids in secondary trading for the week ended February 10.


SYNIVERSE TECHNOLOGIES: $900MM Bank Debt Trades at 10% Off
----------------------------------------------------------
Participations in a syndicated loan under Syniverse Technologies is
a borrower traded in the secondary market at 90.01
cents-on-the-dollar during the week ended Friday, February 10,
2017, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents an increase of 0.26 percentage points
from the previous week.  Syniverse Technologies pays 300 basis
points above LIBOR to borrow under the $0.911 billion facility. The
bank loan matures on April 23, 2019 and Moody's and S&P did not
give any ratings.  The loan is one of the biggest gainers and
losers among 247 widely quoted syndicated loans with five or more
bids in secondary trading for the week ended February 10.




TANNER COMPANIES: 5-Member Creditors' Committee Formed
------------------------------------------------------
The Hon. J. Craig Whitley of the U.S. Bankruptcy Court for the
Western District of North Carolina ordered on Feb. 14 that these
creditors are to constitute the Official Committee of Unsecured
Creditors in Tanner Companies, LLC:

     (1) Design One, Inc.
         Attn: Suzanne Nesbitt Dawkins
         53 Asheland Avenue, Suite 103
         Asheville, NC 28801-3201

     (2) INK4, Inc.
         Attn: Ralph Mechling
         P.O. Box 170685
         Spartanburg, SC 29301-0031

     (3) William A. Joyner
         428 Cut Away Road
         Lake Lure, NC 28746

     (4) Laura Kendall
         18900 River Wind Ln
         Davidson, NC 28036-7849

     (5) Catherine Schepis
         405 E 54th Street, Apt 15E
         New York, NY 10022

This matter came before the Court upon the recommendation of the
U.S. Bankruptcy Administrator for the appointment of the
Committee.

                     About Tanner Companies

Tanner Companies, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. W.D.N.C. Case No. 17-40029) on Jan. 27, 2017.  Hon. Craig
J. Whitley presides over the case.  Grier Furr & Crisp, PA,
represents the Debtor as counsel.

The Debtor disclosed total assets of $4.30 million and total
liabilities of $18.12 million.  The petition was signed by Elaine
T. Rudisill, chief restructuring officer.


THOMAS J. GOLDSTEIN: ABB Secured Claim to Get 100% at 3% in 24 Mos.
-------------------------------------------------------------------
Thomas J. Goldstein, OD, P.A., on Feb. 7 filed with the U.S.
Bankruptcy Court for the Western District of Texas a disclosure
statement, which explains its latest plan to exit Chapter 11
protection.

Under the latest plan, the claim of Willis & Wilkins LLP, the
Debtor's bankruptcy counsel, is classified in Class 1 and will be
paid from the retainer.  The Debtor's litigation counsel will
receive up to $100,000 while its accountant will receive up to
$12,000.

Class 2 - Secured Claim of BBVA Compass Bank (Line of Credit) in
the amount of $21,097.37 is disputed and will not be paid while
Class 3 - Secured Claim of BBVA Compass Bank (SBA Loan) in the
amount of $177,015.26 will be paid pursuant to a contract.  To the
extent their claims are allowed, Class 4 - Secured Claim of ABB
Optical Group in the amount of $26,149.14 will be paid in full,
plus 3% interest per year, over 24 months.

All creditors with claims against the Debtor will receive
distributions from its operation and its estate, according to the
disclosure statement filed on Feb. 7.

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

The Debtor is represented by:

     James S. Wilkins
     Willis & Wilkins, LLP
     711 Navarro Street, Suite 711
     San Antonio, TX 78205
     Tel: 210-271-9212
     Fax: 210-271-9389
     Email: jwilkins@stic.net

                    About Thomas J. Goldstein

Thomas J. Goldstein, OD, P.A., dba Pearl Vision # 8636, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D.
Tex. Case No. 15-52167) on September 3, 2015.  The petition was
signed by Thomas J. Goldstein, president.  The Debtor is
represented by Willis & Wilkins, LLP.

At the time of the filing, the Debtor estimated assets of less than
$50,000 and liabilities of less than $500,000.


TOISA LIMITED: Hires Togut Firm as Counsel
------------------------------------------
Toisa Limited and its debtor-affiliates seek permission from the
U.S. Bankruptcy Court for the Southern District of New York to
employ Togut, Segal & Segal LLP as counsel for the Debtors and
Debtors-in-Possession, nunc pro tunc to January 29, 2017.

The Debtors require the Togut Firm to:

      a. advise the Debtors regarding their powers and duties as
debtors- in-possession;

      b. prepare and file on the Debtors' behalf motions,
applications, answers, proposed orders, reports and papers
necessary to represent the Debtors' interests in these Chapter 11
Cases;

      c. attend meetings and negotiate with representatives of
creditors and other parties-in-interest;

      d. prepare and file their Schedules of Assets and Liabilities
and Statements of Financial Affairs;

      e. obtain Bankruptcy Court approval for the retention of
professionals as may be needed in these Chapter 11 Cases;

      f. reconcile and, if appropriate, object to, claims filed
against the Debtors in these Chapter 11 Cases;

      g. effectuate assumption, assignment, and rejection, as
appropriate, of executory contracts and unexpired leases;

      h. negotiate, consummate, and seek Court approval of sales of
the Debtors' assets, if any;

      i. negotiate a Chapter 11 plan and seeking confirmation of
same;

      j. appear before this Court and any appellate courts to
protect the interests of the Debtors' estates in connection with
restructuring matters;

      k. respond to inquiries and calls from creditors and counsel
to interested parties regarding pending assigned matters; and

      l. perform other necessary legal services for assigned
matters, and provide other necessary legal advice to the Debtors in
connection with these Chapter 11 Cases.

The Tough Firm will be paid at these hourly rates:

      Partners                     $695-$990
      Counsel                      $630-$730
      Associates                   $320-$570
      Paralegals and Law Clerks    $195-$335

The Togut Firm was paid an initial retainer in the amount of
$500,000. The Retainer was replenished by a payment of $400,000 on
January 17, 2017. On January 27, the Togut Firm invoiced the
Debtors for services rendered and expenses incurred through January
15 in the amount of $419,703.91, leaving a remaining retainer
balance of $480,296.09.

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

Albert Togut, Esq., senior member of Togut, Segal & Segal LLP,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtors and their
estates.

The following is provided in response to the request for additional
information set forth in D1 of the U.S. Trustee's Appendix B
Guidelines:

      -- The Togut Firm did not represent the Debtors prior to
their engagement in connection with the Debtors' restructuring
efforts on January 3, 2017.

      -- The Debtors prepared and filed a four-week cash flow
budget as Exhibit I to the First Day Declaration, which included
items such as "Toisa Restructuring Professional Fees." Using this
budget as a guide, the Debtors expect to develop a specific
prospective budget and staffing plan for the Togut Firm to comply
with the United States Trustee's requests for information and
additional disclosures, and any orders of this Court. As these
Chapter 11 Cases continue to develop, the Togut Firm will formulate
a budget and staffing plan for this proposed retention, which it
will review with the Debtors as contemplated by Part E of the
Appendix B Guidelines (and which may be amended as necessary to
reflect changed circumstances or unanticipated developments). Any
disclosure of such budget and staffing plan will be retrospective
only in conjunction with the filing of fee applications by the
Togut Firm.

Togut Firm can be reached at:

      Albert Togut, Esq.
      Frank A. Oswald, Esq.
      Brian F. Moore, Esq.
      Kyle J. Ortiz, Esq.
      Togut, Segal & Segal LLP
      One Penn Plaza, Suite 3335
      New York, NY 10119
      Tel: (212) 594-5000

                 About Toisa Limited

Toisa Limited filed a Chapter 11 bankruptcy petition (Bankr.
S.D.N.Y. Case No. 17-10184) on January 29, 2017. Togut, Segal &
Segal LLP represents the Debtor as counsel.

In its petition, the Debtor estimated $1 billion to $10 billion in
both assets and liabilities. The petition was signed by Richard W.
Baldwin, deputy chairman.


TRIANGLE USA: Mineral Interest Plaintiffs Object to Plan
--------------------------------------------------------
Mineral Interest Plaintiffs filed with the U.S. Bankruptcy Court
for the district of Delaware a preliminary objection to the second
amended joint Chapter 11 plan of reorganization of Triangle USA
Petroleum Corporation and its affiliated debtors.

Vince Sullivan, writing for Bankruptcy Law360, reports that the
Mineral Interest Plaintiffs complain that their treatment is not
adequately described and royalty payments might not be properly
escrowed.

The Mineral Interest Plaintiffs are all owners of either (i)
overriding royalty interests or (ii) working interests in real
property in North Dakota on which the above-captioned debtors and
debtors-in-possession operate oil and natural gas wells.  Under
applicable state law, the Mineral Interests are real property
rights that run with the land.  The identity of the Mineral
Interest Plaintiffs and a detailed description of their Mineral
Interests is set forth in their complaint for declaratory judgment
to determine validity, extent and priority of liens and interests
filed in Adversary Proceeding No. 16-51538 (Bankr. D. Del. 2016)
[Adv. Docket No. 1].

The Mineral Interest Plaintiffs say that because of their ownership
of the Mineral Interests are entitled to payment of ORRIs and
payment of their proportionate share of the net proceeds of
production from their respective drilling and spacing unit.  The
Mineral Interest Plaintiffs have never received any such payment
since the time that the Debtors purportedly assumed operations.

The Debtors have acknowledged that "the payment of a Royalty
represents the distribution to the Royalty holder of his or her
real property rather than the payment of an in personam claim.
Thus, the [royalty holder's] share of the gross proceeds of
production is effectively held in trust [by the E&P operator] until
it is remitted to such holder."

The Debtors have received and will continue to receive funds on
account of the Mineral Interests.  Those funds are the property of
the Mineral Interest Plaintiffs, but are now being used by the
Debtors.

In pleadings filed with the Court, the Debtors have argued that the
Mineral Interests asserted by the Mineral Interest Plaintiffs will
"ride through" the Plan and be unaffected by the Plan or any
confirmation order.  The Plan, the Mineral Interest Plaintiffs say,
is sufficiently ambiguous to require the Debtors to provide
expressly, in the Plan and in the Confirmation Order, that the
Mineral Interests held by the Mineral Interest Plaintiffs will,
indeed, ride through the Plan.  If the Debtors truly intend for the
Mineral Interests to "ride through," then they should make specific
reference to the claims and allegations of the Mineral Interest
Plaintiffs in the "ride through" provisions of the Plan.

The Mineral Plaintiffs add that because of the lack of accounting,
escrow, or other assurance regarding the funds claimed by the
Mineral Interest Plaintiffs, the continued actions of Debtors will
make it more difficult for the Mineral Interest Plaintiffs to
recover their property when they prevail on their claims.  The
Debtors should provide adequate protections to the Mineral Interest
Plaintiffs, such as a third party escrow, so that the funds will
actually be available for distribution once the Court, or any court
identifies the proper owners.

The Debtors successfully sought a court order authorizing, but not
obligating, the Debtors to pay current mineral obligations.  No
payments have been made to the Mineral Interest Plaintiffs.
Instead, Debtors have utilized that Order to pay to themselves the
funds due to the Mineral Interest Plaintiffs.

The Plan proposes to continue the Debtors' practice of converting
the Mineral Interest Plaintiffs' property for their own use.

The Objection is available at:

           http://bankrupt.com/misc/deb16-11566-716.pdf

As reported by the Troubled Company Reporter on Jan. 20, 2017, the
Debtors filed with the Court their second amended disclosure
statement with respect to their second amended joint chapter 11
plan of reorganization, stating that Class 4, Ranger Fabrication,
LLC General Unsecured Claims, is impaired under the Plan.  The
estimated recovery of the Class 4 Holders is 33%.  Each holder of
an Allowed Ranger General Unsecured Claim will receive its Pro Rata
Share, based on the aggregate amount of Allowed Ranger General
Unsecured Claims, of the Ranger Cash Distribution.

The Mineral Interest Plaintiffs are represented by:

     Michael R. Lastowski, Esq.
     Sommer L. Ross, Esq.
     Jarret P. Hitchings, Esq.
     DUANE MORRIS LLP
     222 Delaware Avenue, Suite 1600
     Wilmington, DE 19801-1659
     Tel: (302) 657-4900
     Fax: (302) 657-4901
     E-mail: mlastowski@duanemorris.com
             slross@duanemorris.com
             jphitchings@duanemorris.com

          -- and --

     Matt J. Kelly, Esq.
     TARLOW & STONECIPHER, PLLC
     1705 West College Street
     Bozeman, MT 59718
     Tel: (406) 586-9718
     E-mail: mkelly@lawmt.com

              About Triangle USA Petroleum Corporation

Triangle USA Petroleum Corporation is an independent exploration
and production company with a strategic focus on developing the
Bakken Shale and Three Forks formations in the Williston Basin of
North Dakota and Montana.  TUSA is a wholly owned subsidiary of
Triangle Petroleum Corporation (NYSE MKT: TPLM).  Neither TPLM nor
its affiliated company, RockPile Energy Services, LLC, is included
in TUSA's Chapter 11 filing.

Triangle USA Petroleum Corporation and its affiliates filed
voluntary petitions under Chapter 11 of the Bankruptcy Code
(Bankr. D. Del. Lead Case No. 16-11566) on June 29, 2016.  The
cases are pending before Judge Mary F. Walrath.

At the time of the filing, TUSA estimated assets in the range of
$500 million to $1 billion and liabilities of up to $1 billion.

The Debtors have engaged Sarah E. Pierce, Esq., at Skadden, Arps,
Slate, Meagher & Flom LLP as counsel, AP Services, LLC, as
financial advisor, PJT Partners Inc. as investment banker and
Prime Clerk LLC as claims & noticing agent.

Andrew R. Vara, Acting U.S. Trustee, has informed the U.S.
Bankruptcy Court for the District of Delaware that a committee of
unsecured creditors has not been appointed in the Chapter 11 case
of Triangle USA Petroleum Corporation due to insufficient response
to the U.S. Trustee communication/contact for service on the
committee.


TUBRO CONSTRUCTION: Taps Wells and Jarvis as Legal Counsel
----------------------------------------------------------
Tubro Construction Inc. seeks approval from the U.S. Bankruptcy
Court for the Western District of Washington to hire legal counsel
in connection with its Chapter 11 case.

The Debtor proposes to hire Wells and Jarvis, P.S. to give legal
advice regarding its duties under the Bankruptcy Code, prosecute
claims, protect its assets from claims of secured creditors, and
provide other legal services.

The hourly rates charged by the firm are:

     Jeffrey Wells     $360
     Emily Jarvis      $360
     Paralegal         $150

Wells and Jarvis is a "disinterested person" as defined in section
101(14) of the Bankruptcy Code, according to court filings.

The firm can be reached through:

     Jeffrey B. Wells, Esq.
     Emily Jarvis, Esq.
     Wells and Jarvis, P.S.
     502 Logan Building
     500 Union Street
     Seattle, WA 98101-2332
     Phone: 206-624-0088
     Fax: 206-624-0086

                  About Tubro Construction Inc.

Tubro Construction Inc. filed a Chapter 11 petition (Bankr. W.D.
Wash. Case No. 17-10390), on January 30, 2017.  The petition was
signed by Richard Tietjen, president.  The case is assigned to
Judge Marc Barreca.  At the time of filing, the Debtor estimated
assets of less than $500,000 and liabilities of $1 million to
$10 million.


TURN4 LOGISTICS: Plan Outline Supplement Discloses Monthly Income
-----------------------------------------------------------------
Turn4 Logistics, LLC, filed with the U.S. Bankruptcy Court for the
Northern District of Georgia a supplement to the disclosure
statement explaining the Debtor's proposed Chapter 11 plan of
reorganization.

The Supplement provides a summary of monthly reported income and
monthly bank balance since the filing of the company's Chapter 11
case:

     Month             Reported Income     Bank Balance
     -----             ---------------     ------------
     February 2016         -9,962.26           50.37
     March 2016             1,049.26           30.26
     April 2016             3,244.37       11,667.95
     May 2016              24,369.89          -99.19
     June 2016              9,954.19          -20.28
     July 2016               7866.98        1,147.34
     August 2016           -1,662.72           37.89
     September 2016        19,497.34           58.22
     October 2016            6834.66        4,994.67
     November 2016         41,676.08          -10.53
     December 2016         43,525.10        1,155.67

Turn4 Logistics also disclosed that the ongoing operations and the
financial projections provided by the company in its disclosure
statement are based upon past performance and expectation of
additional income.

Turn4 Logistics said it has been in discussions with a logistics
company based in Atlanta and a national online retailer with a
regional distribution center in the Metro Atlanta area.  The
company said it expects to provide transportation services for both
entities after confirmation and exiting from bankruptcy, and
believes this will provide sufficient income to meet the
projections.

A copy of the court document is available for free at
https://is.gd/XV5Y7I

                      About Turn4 Logistics

Turn4 Logistics, LLC is engaged in transportation business and
operates 15 semi-trucks through Summit Corporation.    

The Debtor sought bankruptcy protection (Bankr. N.D. Ga. Case No.
16-51846) on Feb. 1, 2016.  The petition was signed by Lewis
Harrell, managing member.  The Debtor is represented by M. Denise
Dotson, LLC.

On September 30, 2016, the Debtor filed its Chapter 11 plan of
reorganization and disclosure statement.  The plan proposes to pay
20% of allowed unsecured claims in excess of $500 in 60 monthly
installments.


ULTRAPETROL (BAHAMAS): Cleared for Speedy Chapter 11 Exit
---------------------------------------------------------
Jonathan Randles, writing for The Wall Street Journal Pro
Bankruptcy, reported that Judge Robert Drain of the U.S. Bankruptcy
Court in White Plains, N.Y., authorized Ultrapetrol (Bahamas) Ltd.,
owner of one of the largest shipping businesses in South America,
to embark on a rapid chapter 11 that would result in an affiliate
of Latin American private-equity firm Southern Cross Group
acquiring most of its business.

According to the report, Judge Drain on Feb. 10 authorized
Ultrapetrol to continue paying employees' wages and business
expenses.  The judge is scheduled to consider approving the
company's reorganization plan, which creditors have already voted
on, in March, the report related.

Ultrapetrol bankruptcy lawyer Bruce Zirinsky, Esq., told the Court
that Ultrapetrol was forced to file for chapter 11 earlier than
anticipated because shareholder Copernico Argentina Fund sued the
shipping company's board of directors in an attempt to delay or
stop the restructuring, the report further related.  Copernico's
lawsuit, filed Feb. 3 in New York federal court, claims the
transaction significantly undervalues Ultrapetrol, WSJ said.

WSJ noted that Judge Denise Cote of the U.S. District Court in New
York on Monday denied Copernico's request to extend a temporary
restraining order, which would have prevented Ultrapetrol from
moving forward with the restructuring.

                      About Ultrapetrol

Ultrapetrol is an industrial transportation company serving the
marine transportation needs of its clients in the markets on which
it focuses.  It serves the shipping markets for containers, grain
and soy bean products, forest products, minerals, crude oil,
petroleum, and refined petroleum products, as well as the offshore
oil platform supply market with its extensive and diverse fleet of
vessels.  These include river barges and pushboats, platform
supply
vessels, tankers and two container feeder vessels.  More
information on Ultrapetrol can be found at
http://www.ultrapetrol.net/

The Debtors employ approximately 813 personnel located principally
in Argentina (462) and Paraguay (351).

Ultrapetrol (Bahamas) Limited and 30 affiliated subsidiaries each
filed a voluntary petition under Chapter 11 of the Bankruptcy Code
in the U.S. Bankruptcy Court for the Southern District of New York
on Feb. 6, 2017, in order to implement an agreement reached with
their lenders and bondholders on the terms of a comprehensive debt
restructuring.

Contemporaneously with the petitions, the Debtors filed with the
court their Second Amended Joint Prepackaged Plan of
Reorganization
dated Feb. 6, 2017.  The Company and its subsidiaries negotiated
and received affirmative votes from all voting lenders and from
99.9% of the Company's note claims voting to accept the
Prepackaged
Plan.

The Chapter 11 cases are pending before the Hon. Robert D. Drain,
and the Debtors have requested joint administration of the cases
under Case No. 17-22168.

The Debtors have hired Zirinsky Law Partners PLLC as lead
attorneys, Hughes Hubbard & Reed LLP as legal counsel, Seward &
Kissel LLP as special corporate counsel, Miller Buckfire & Co. LLC
as financial advisor, Pistrelli, Henry Martin Y Asociados S.R.L.
as
independent auditor, Ernst & Young Paraguay as the Debtors'
Paraguayan subsidiaries' independent auditor, AlixPartners
International, LLC as financial advisor and Prime Clerk LLC as
claims, noticing and solicitation agent.


UNITED ROAD: Sets Bidding Procedures for Assets, March 22 Auction
-----------------------------------------------------------------
United Road Towing, Inc., and affiliates ask the U.S. Bankruptcy
Court for the District of Delaware to authorize the bidding
procedures in connection with their sale of substantially all
assets at auction.

A hearing on the Motion is set for March 6, 2017 at 10:00 a.m.
(ET).  Objection deadline is Feb. 24, 2017 at 4:00 p.m. (ET).

The Debtors commenced their Chapter 11 Cases to, among other
things, pursue a prompt sale of their assets in order to maximize
value for stakeholders, preserving jobs, minimizing supply
disruptions for the Debtors' customers and ensuring an
uninterrupted supply chain for the Debtors' vendors.

The Debtors' business consists of towing, recovery, impound, and
vehicle management solutions in both the private and public sector.
The Debtors own no real property.  Instead, the Debtors lease
various office space, impound lots, and dispatch locations.  

The Debtors' primary assets include various vehicles—including
tow trucks, forklifts, and unclaimed impounded vehicles—as well
as the value of their interest in contracts with various
municipalities and private entities for their towing and impound
services.

The Debtors' goal is to obtain maximum exposure of their assets to
potential buyers, and they will consider any transaction that will
result in obtaining the highest and best value for their assets.
To that end, the Debtors have developed the Bidding Procedures to
allow potential purchasers with maximum flexibility in proposing an
acquisition transaction, which can take the form of, among other
things, a sale under section 363, with or without a credit bid, and
including a "free and clear" sale, as well as to propose a
transaction through a chapter 11 plan.  The Debtors are also
allowing potential purchasers the flexibility to propose an
acquisition of the assets relating to a single Debtor or a
combination of the assets of multiple Debtors in a single bid.

To further assist them, the Debtors have retained an investment
banker, SSG Advisors, LLC, to assist the Debtors with negotiations
with interested parties, preparing for and initiating marketing
efforts as well as facilitating due diligence by various parties.
SSG began its marketing process prior to the Petition Date.  In the
two weeks prior to the Petition Date, the Debtors received nine
written indications of interest in purchasing the Debtors' assets.
The Debtors are continuing to work with these parties as they
continue their due diligence, and the Debtors' management team is
actively participating in the sales process, including having
provided management presentation to several parties in the days
leading up to the commencement of these cases.

As part of the negations with Wells Fargo Bank, N.A. over the terms
and conditions of the debtor-in-possession financing facility,
which has been approved on an interim basis by the Court, the
Debtors agreed to several milestone related to this sales process.
These milestones include: (i) the Debtors entry into one or more
definitive agreements with a "stalking horse" purchaser by Feb. 22,
2017; (ii) setting March 22, 2017 as the outside date for
establishing a "bid deadline" by which parties will be required to
submit bids for the Debtors' assets; and (iii) holding an auction
for the Debtors' assets (if applicable) by no later than March 27,
2017, with a Court-approval hearing being held no later than March
30, 2017.  The Debtors are thus guided by these milestones in
fashioning the relief requested by the Motion.

Based on the experience of the Debtors' restructuring
professionals, they believe it would further the goal of maximizing
the value of the assets to designate one or more parties to serve
as a Stalking Horse Purchaser and with such party a "Stalking Horse
Agreement" for the sale of the assets.  As is customary, the
Debtors would likely grant a Stalking Horse Purchaser one or more
of a break-up fee, expense reimbursement, or other bid protections.
Accordingly, the Debtors are reserving the right to request that
the Court approve the Debtors' selection of a Stalking Horse
Purchaser and will supplement the Motion accordingly.

The key terms of the Bidding Procedures are:

          a. Bid Deadline: March 22, 2017 at 5:00 p.m. (ET)

          b. Qualifying Bid: Must equal or exceed the sum of the
amount of (i) the purchase price under the Stalking Horse
Agreement, plus (ii) any break-up fee, expense reimbursement, or
other bid protection provided under the Stalking Horse Agreement,
plus (iii) the greater of $250,000 or 1% of the purchase price
under the Stalking Horse Agreement.

          c. Deposit: $250,000 or 10% of the total consideration
provided under the proposed Transaction Agreement.

          d. Credit Bidding: Any party that wishes to submit a
credit bid either as a component or as the entirety of the
consideration for its bid will identify the amount of the claim and
the nature, extent, and priority of the lien upon which its credit
bid is premised.

          e. Auction: March 27, 2017 at 10:00 a.m. (ET) at the
offices of Young Conaway Stargatt & Taylor, LLP, 1000 North King
Street, Rodney Square, Wilmington, Delaware.

          f. Bid Increments: At least the greater of $100,000 and
1% of the Baseline Bid.

          g. Successful Bid: The highest and best from among the
Qualifying Bids submitted at the Auction.

          h. Sale Hearing:  March 30, 2017 at 10:00 a.m. (ET)

The Bidding Procedures Order, if approved, will establish this
timeline, which the Debtors believe is appropriate to arrive at a
value maximizing transaction:

          a. Bidding Procedures Hearing: March 6, 2017

          b. Deadline to serve Sale Notice, including to potential
purchasers by overnight mail: March 8, 2017

          c. Deadline to serve Assumption Notice: March 8, 2017

          d. Deadline to object to sale (other than with respect to
assumption and assignment): March 23, 2017 at 4:00 p.m. (ET)

          e. Deadline to object to Assumption Notice (other than
adequate assurance) March 23, 2017 at 4:00 p.m. (ET)

          f. Bid Deadline: March 22, 2017 at 5:00 p.m. (ET)

          g. Auction commence: March 27, 2017 at 10:00 a.m. (ET)

          h. Deadline to object to adequate assurance: March 29,
2017 at 4:00 p.m. (ET)

          i. Sale Hearing: March 30, 2017

          j. Outside Closing Date: April 14, 2017 ([15 days after
entry of the applicable Sale Order)

The Debtors submit that the timeline set forth in the Bidding
Procedures is reasonable and necessary under the circumstances of
these cases.  Such timeline provides a nearly seven week period
between the filing of the Motion and the Bid Deadline, which will
allow parties in interest sufficient time to formulate bids.

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

         http://bankrupt.com/misc/United_Road_57_Sales.pdf

To facilitate the sale, the Debtors ask authority to potentially
assume and assign to any acquirer in a sale the Assumed Contracts
in accordance with the Assumption and Assignment Procedures.
Permitting the Debtors to assume and assign the Assumed Contracts
should provide the Debtors with maximum flexibility to enter into a
transaction that will obtain the greatest benefits from any sale.

As set forth, any delay in the Debtors' ability to consummate the
sale would be detrimental to the Debtors, their creditors and
estates, and would impair the Debtors' ability to take advantage of
the substantial cost-savings that can be achieved by an expeditious
closing of the sale.  For this reason and those set forth, the
Debtors submit that ample cause exists to justify a waiver of the
fourteen day stay imposed by Bankruptcy Rule 6004(h) and 6006(d),
to the extent applicable.

                   About United Road Towing

Headquartered in Mokena, Illinois, United Road Towing, Inc. -- dba
Good Buy Auto Auction, UR Vehicle Management Solutions, Quality
Towing, United Road Vehicle Management Solutions, and dba United
Road Towing-San Antonio -- and its affiliates provide towing,
recovery, impound, and vehicle management solutions services to
both the private and public sector.  Through a portfolio of local
and regional brands operating across 10 different regions in eight
different states, the Debtors dispatch approximately 500,000 tows,
manage over 200,000 impounds and sell over 38,000 vehicles
annually
across the U.S.

United Road Towing, Inc., filed for Chapter 11 bankruptcy
protection (Bankr. D. Del. Case No. 17-10249) on Feb. 6, 2017.  

These affiliates filed separate Chapter 11 bankruptcy petitions on
the same day: URT Holdings, Inc. (Bankr. D. Del. Case No.
17-10250), City Towing, Inc. (Bankr. D. Del. Case No. 17-10251),
URS West, Inc. (Bankr. D. Del. Case No. 17-10252), Bill & Wag's,
Inc. (Bankr. D. Del. Case No. 17-10253), Export Enterprises of
Massachusetts, Inc. (Bankr. D. Del. Case No. 17-10254), Pat's
Towing, Inc. (Bankr. D. Del. Case No. 17-10255), Keystone Towing,
Inc. (Bankr. D. Del. Case No. 17-10256), Ross Baker Towing, Inc.
(Bankr. D. Del. Case No. 17-10257), URT Texas, Inc. (Bankr. D.
Del.
Case No. 17-10258), Mart Caudle Corporation (Bankr. D. Del. Case
No. 17-10259), Signature Towing, Inc. (Bankr. D. Del. Case No.
17-10260), WHW Transport, Inc. (Bankr. D. Del. Case No. 17-10261),
URS Southeast, Inc. (Bankr. D. Del. Case No. 17-10262), URS
Northeast, Inc. (Bankr. D. Del. Case No. 17-10263), URS Southwest,
Inc. (Bankr. D. Del. Case No. 17-10264), Fast Towing, Inc. (Bankr.
D. Del. Case No. 17-10265), E&R Towing and Garage, Inc. (Bankr. D.
Del. Case No. 17-10266), Sunrise Towing, Inc. (Bankr. D. Del. Case
No. 17-10267), Ken Lehman Enterprises, Inc. (Bankr. D. Del. Case
No. 17-10268), United Road Towing of South Florida, Inc. (Bankr.
D.
Del. Case No. 17-10269), Rapid Recovery Incorporated (Bankr. D.
Del. Case No. 17-10270), United Road Towing Services, Inc. (Bankr.
D. Del. Case No. 17-10271), Arri Brothers, Inc. (Bankr. D. Del.
Case No. 17-10272), Rancho Del Oro Companies, Inc. (Bankr. D. Del.
Case No. 17-10273), CSCBD, Inc. (Bankr. D. Del. Case No.
17-10274),
UR VMS, LLC (Bankr. D. Del. Case No. 17-10275), URS Leasing, Inc.
(Bankr. D. Del. Case No. 17-10276), and UR Vehicle Management
Solutions, Inc. (Bankr. D. Del. Case No. 17-10277).

The petitions were signed by Michael Mahar, chief financial
officer.

Judge Laurie Selber Silverstein presides over the case.

Daniel J. McGuire, Esq., Grace D. D'Arcy, Esq., and Carrie V.
Hardman, Esq., at Winston & Strawn LLP serve as Debtors' general
counsel.

M. Blake Cleary, Esq., Ryan M. Bartley, Esq., and Andrew
Magaziner,
Esq., at Young Conaway Stargatt & Taylor, LLP, serve as the
Debtors' Delaware counsel.

Getzler Henrich & Associates LLC is the Debtors' financial
advisor.

SSG Advisors LLC is the Debtors' investment banker.

Rust Consulting/Omni Bankruptcy is the Debtors' noticing, claims
and balloting agent.

The Debtors estimated assets of between $10 million and $50
million
and debts of between $50 million and $100 million.


VANGUARD NATURAL: U.S. Trustee Forms 3-Member Committee
-------------------------------------------------------
Judy R. Robbins, the U.S. Trustee for Region 7, on Feb. 14
appointed three creditors to serve on the official committee of
unsecured creditors appointed in the Chapter 11 case of Vanguard
Natural Resources, LLC.

The committee members are:

     (1) UMB Bank, National Association as Indenture Trustee
         Attn: Mark B. Flannagan,
         928 Grand Boulevard, 10th Floor
         Kansas City, MO 64106
         Tel: (816) 860-3009
         E-mail: mark.flannagan@umb.com

     (2) Wilmington Trust, National Association
         Trustee to Delaware Trust Company
         Attn: Rita Marie Ritrovato
         1100 North Market Street
         Wilmington, Delaware 19890-1605
         Tel: (302) 636-5137
         E-mail: rritrovato@wilmingtontrust.com

     (3) Encana Oil & Gas (USA) Inc.
         Attn: Nathan Wolitarsky, Manager, Land Negotiation
         370 17th Street, Suite 1700
         Denver, CO 80202
         Tel: (720) 876-5846
         E-mail: nathan.wolitarsky@encana.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.

                About Vanguard Natural Resources

Vanguard Natural Resources, LLC -- http://www.vnrllc.com/-- is a
publicly traded limited liability company focused on the
acquisition, production and development of oil and natural gas
properties.  Vanguard's assets consist primarily of producing and
non-producing oil and natural gas reserves located in the Green
River Basin in Wyoming, the Permian Basin in West Texas and New
Mexico, the Gulf Coast Basin in Texas, Louisiana, Mississippi and
Alabama, the Anadarko Basin in Oklahoma and North Texas, the
Piceance Basin in Colorado, the Big Horn Basin in Wyoming and
Montana, the Arkoma Basin in Arkansas and Oklahoma, the Williston
Basin in North Dakota and Montana, the Wind River Basin in Wyoming,
and the Powder River Basin in Wyoming.

Vanguard Natural Resources, LLC and certain subsidiaries filed
voluntary petitions for relief under Chapter 11 of the Bankruptcy
Code in the U.S. Bankruptcy Court for the Southern District of
Texas on Feb. 2, 2017.  The Chapter 11 Cases are being administered
under the caption In re Vanguard Natural Resources, et al. Case No.
17-30560.  The Chapter 11 cases are assigned to Hon. Judge Marvin
Isgur.

The Debtors listed total assets of $1.54 billion and total debts of
$2.3 billion as of Feb. 1, 2017.

Paul Hastings LLP is serving as legal counsel and Evercore Partners
is acting as financial advisor to Vanguard.  Opportune LLP is the
Company's restructuring advisor.  Prime Clerk LLC is serving as
claims and noticing agent.


VISION INVESTMENT: Hires Melehy & Associates as Bankr. Attorney
---------------------------------------------------------------
Vision Investment, LLC seeks authorization from the U.S. Bankruptcy
Court for the District of Columbia to employ Melehy & Associates
LLC as attorney under a general retainer.

The Debtor requires the Firm to:

     a. provide the Debtor with legal advice concerning its powers
and duties as a debtor-in-possession in the continued operation of
its business and management of its rental property

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

     c. prepare any disclosure statement or plan of
reorganization;

     d. prepare the Monthly Operating Reports and prepare any
books, records, statements and documents which are necessary to
complete the Monthly Operating Reports on the Debtor's behalf;

     e. file and prosecute adversary proceedings against necessary
parties adverse to the Debtor or its Estate;
      
     f. render tax advice to the Debtor and prepare the Debtor's
tax returns, to the extent they are due and have not yet been
filed, and if necessary and in the best interest of the Estate,
amend any tax returns previously filed by the Debtor;

     g. represent the Debtor in civil proceedings in District of
Columbia Superior Court to collect past-due rents and evict hold
over tenants from the Debtor's property; and

     h. perform all other legal services for the Debtor and the
Estate which may be necessary herein.

The Firm has discounted its normal and customary rates by 25% and
is charging the Debtor the following rates for the services
provided by its attorneys and employees:

     Suvita Melehy                                $337.50
     Andrew Balashov                              $213.75
     Sandra Chiman, Bankruptcy
        Accountant/Paralegal                      $187.50
     Paralegals & Law Clerks                      $116.25

The Debtor placed a deposit of $15,000.00 into escrow with the
Firm, and the Firm will bill against that retainer in connection
with its services.

Suvita Melehy, Esq., Melehy & Associates LLC, assured the Court
that the firm does not represent any interest adverse to the Debtor
and its estates.

The Firm may be reached at:

      Suvita Melehy, Esq.
      Melehy and Associates LLC
      8403 Colesville Rd., Suite 610
      Silver Spring, MD 20910
      Phone: (301) 587-6364
      Fax: (301) 587-6308
      E-mail: smelehy@melehylaw.com

             About Vision Investment LLC

Vision Investment LLC filed a Chapter 11 bankruptcy petition
(Bankr. D.C. Case No. 17-00012) on January 9, 2017. Hon. Martin S.
Teel, Jr., presides over the case.  Melehy and Associates LLC
represents the Debtor as counsel.

In its petition, the Debtor estimated $1 million to $10 million in
assets and $500,000 to $1 million in liabilities. The petition was
signed by Ermias E. Haile, managing member.


VISUALANT INC: Discloses D Preferred Stock Cert. of Designation
---------------------------------------------------------------
Visualant, Incorporated filed an amendment to Form 8-K report with
the Securities and Exchange Commission to disclose the Certificate
of Designation, Preferences and Rights of the Series D Convertible
Preferred Stock.

On Nov. 14, 2016, Visualant issued 187,500 shares of Series D
Convertible Preferred Stock and a warrant to purchase 187,500
shares of common stock in a private placement to certain accredited
investors for gross proceeds of $150,000 pursuant to a Series D
Preferred Stock and Warrant Purchase Agreement dated
Nov. 10, 2016.

On Dec. 19, 2016, Visualant issued 187,500 shares of Series D
Convertible Preferred Stock and a warrant to purchase 187,500
shares of common stock in a private placement to an accredited
investor for gross proceeds of $150,000 pursuant to a Series D
Preferred Stock and Warrant Purchase Agreement dated Dec. 14,
2016.

The initial conversion price of the Series D Shares is $0.80 per
share, subject to certain adjustments.  The initial exercise price
of the warrant is $1.00 per share, also subject to certain
adjustments.

On Nov. 8, 2016, the Company applied with the State of Nevada for
the approval of the Certificate of Designations, Preferences, and
Rights of Series D Convertible Preferred Stock.  The Certificate
designated 3,906,250 shares as Series D Convertible Preferred Stock
with a par value of $.001 per share.  The Series D Convertible
Stock is convertible into common stock at $0.80 per share, with
certain adjustments as set forth in the Certificate.

As part of the Purchase Agreement, the Company has agreed to
register the shares of common stock sold in the private placement
and the shares of common stock issuable upon exercise of the
warrant for resale or other disposition.

The Series D Shares and warrant were issued in a transaction that
was not registered under the Securities Act of 1933, as Amended in
reliance upon applicable exemptions from registration under Section
4(2) of the Act and Rule 506(b) of SEC Regulation D under the Act.

As previously reported, the Company intends to issue up to
3,125,000 Series D Shares for gross proceeds of $2,500,000 pursuant
on a "best efforts" basis.

A full-text copy of the Certificate of Designations, Preferences
and Rights of Series D Convertible Preferred Stock is available for
free at https://is.gd/7vdLYI

                       About Visualant Inc.
   
Seattle, Wash.-based Visualant, Inc., was incorporated under the
laws of the State of Nevada on Oct. 8, 1998.  The Company
develops low-cost, high speed, light-based security and quality
control solutions for use in homeland security, anti-
counterfeiting, forgery/fraud prevention, brand protection and
process control applications.

Visualant reported a net loss of $1.74 million on $6.02 million of
revenue for the year ended Sept. 30, 2016, compared to a net loss
of $2.63 million on $6.29 million of revenue for the year ended
Sept. 30, 2015.

As of Sept. 30, 2016, Visualant had $2.63 million in total assets,
$5.44 million in total liabilities, all current, and a total
stockholders' deficit of $2.80 million.

SD Mayer and Associates, LLP, in Seattle, Washington, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Sept. 30, 2016, noting that the
Company has sustained a net loss from operations and has an
accumulated deficit since inception.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern, the auditors said.


WASHINGTON MUTUAL: Objects to Grant Thornton's Bid for Sanctions
----------------------------------------------------------------
WMI Liquidating Trust, as successor to Washington Mutual, Inc. and
WMI Investment Corp filed with the U.S. Bankruptcy Court for the
District of Delaware an objection to Grant Thornton's motion for
sanctions.

Jeff Montgomery, writing for Bankruptcy Law360, reports that the
liquidating trustees fired back at Grant Thornton's bid for
bankruptcy court sanctions against remnants of the Chapter 11
estate, saying the tax adviser's demand for a $5 million fee
misrepresented benefits of its work.

"This case presents the troubling issue of an estate professional
that has misrepresented the scope of its work in an effort to seek
a greater fee than to which it knows it is entitled.  In so doing,
Grant Thornton ignores its own professionals' testimony proving
that the position it now takes is not how it understood (and still
understands) the engagement letter and corresponding fee, a
violation of its duty of candor," the Trust says.

As one Grant Thornton professional testified, by its nature, a
contingency fee is contingent:  it depends on the success of the
underlying claim.  Grant Thornton freely admits that the
contingency fee here, as currently construed and being proffered by
Grant Thornton, is not based on the success of Grant Thornton's
work.

According to the Trust, it is improvident to pay Grant Thornton a
success fee for claims unrelated to its own claim, especially since
its own claim was unsuccessful.  This is all the more true here
because the Debtors were entitled to $400 million of unrelated,
uncontroversial refunds from the California Franchise Tax Board.
As a result of the sheer size of these unrelated refunds, under the
fee as construed, Grant Thornton immediately became assured of a
maximum fee.  In other words, the "contingency fee" was not
contingent at all; it was a guaranteed maximum fee.

The Debtors and Grant Thornton both believed that they had agreed
to something else, and they both believed that the engagement
agreement incorporated their understanding.  They believed that
Grant Thornton would be paid for the success of the refund claim on
which it worked, and because they read the agreement this way, they
could not have reasonably anticipated that the engagement agreement
provided for a fee that was so far beyond their understanding and
industry custom.

The Trust states, "That Grant Thornton ignores its own
professionals’ testimony, and insists on a fee far broader than
what it knows to be the parties' understanding, is vexing.  Equally
distressing is Grant Thornton's affirmative mischaracterization of
its work to the Court.  Grant Thornton told the Court that it
worked on every tax issue raised by the FTB, thereby giving the
impression that it should be compensated for every issue.  At
deposition, Grant Thornton's professionals admitted that this was
false, and that they did not work on any California proof of claim
issues—just the Treasury Interest Issue."

Discovery also has established these undisputed facts:

     -- at the time of engagement, the parties did not know how
        much of a refund the Debtors could seek for the Treasury
        Interest Issue -- they estimated it could be as high as
        $60 to $80 million.  It turned out to be $42 million, plus

        interest;

     -- the Debtors had unrelated claims before the FTB, including

        claims for $400 million in refunds that the FTB accepted
        with only minor adjustments;

     -- from the start, the parties never believed that the
        Treasury Interest Issue would yield 100 cents on the
        dollar.  Early in the engagement, Grant Thornton wrote to
        the FTB that the Debtors would accept "a percentage" of
        the $42 million request;

     -- the FTB rejected the issue repeatedly in writing, leading
        the Debtors and Grant Thornton to agree to reduce the
        claim to $21 million plus interest;

     -- the Debtors were responsible for litigation costs, and had

        authority to decline to pursue the claim.  Grant Thornton
        was paid $150,000 in non-contingent hourly fees for this
        risk;

     -- the FTB continued to reject the claim based on a detailed
        written defense, leading the Debtors to exercise their
        authority to ultimately withdraw the claim.    

The Objection is available at:

          http://bankrupt.com/misc/deb08-12229-12350.pdf
          http://bankrupt.com/misc/deb08-12229-12353.pdf

The attorneys for WMI Liquidating Trust can be reached at:

     Marcos A. Ramos, Esq.
     Cory D. Kandestin, Esq.
     Andrew M. Dean, Esq.
     RICHARDS, LAYTON & FINGER, P.A.
     One Rodney Square
     920 North King Street
     Wilmington, DE 19801
     Tel: (302) 651-7700
     E-mail: ramos@rlf.com
             kandestin@rlf.com dean@rlf.com
  
          -- and --
   
     Brian S. Rosen, Esq.
     WEIL, GOTSHAL & MANGES LLP
     767 Fifth Avenue
     New York, New York 10153
     Tel: (212) 310-8000
     E-mail: brian.rosen@weil.com

                     About Washington Mutual

Based in Seattle, Washington, Washington Mutual Inc. --
http://www.wamu.com/-- was the holding company for Washington  
Mutual Bank as well as numerous non-bank subsidiaries.

Washington Mutual Bank was taken over on Sept. 25, 2008, by U.S.
government regulators.  The next day, WaMu and its affiliate, WMI
Investment Corp., filed separate petitions for Chapter 11 relief
(Bankr. D. Del. 08-12229 and 08-12228, respectively).  WaMu owned
100% of the equity in WMI Investment.

When WaMu filed for protection from its creditors, it disclosed
assets of $32,896,605,516 and debts of $8,167,022,695.  WMI
Investment estimated assets of $500 million to $1 billion with zero
debts.

WaMu was represented in the Chapter 11 case by Brian Rosen, Esq.,
at Weil, Gotshal & Manges LLP in New York City; Mark D. Collins,
Esq., at Richards, Layton & Finger P.A. in Wilmington, Del.; and
Peter Calamari, Esq., and David Elsberg, Esq., at Quinn Emanuel
Urquhart Oliver & Hedges, LLP.  The Debtor tapped Valuation
Research Corporation as valuation service provider for certain
assets.

Fred S. Hodara, Esq., at Akin Gump Strauss Hauer & Fled LLP in New
York, and David B. Stratton, Esq., at Pepper Hamilton LLP in
Wilmington, Del., represented the Official Committee of Unsecured
Creditors. Stephen D. Susman, Esq., at Susman Godfrey LLP and
William P. Bowden, Esq., at Ashby & Geddes, P.A., represented the
Equity Committee.  The official committee of equity security
holders also tapped BDO USA as its tax advisor.  Stacey R.
Friedman, Esq., at Sullivan & Cromwell LLP and Adam G. Landis,
Esq., at Landis Rath & Cobb LLP in Wilmington, Del., represented
JPMorgan Chase, which acquired the WaMu bank unit's assets prior to
the Petition Date.

Records filed Jan. 24, 2012, say that Washington Mutual Inc.,
former owner of the biggest U.S. bank to fail, has spent $232.8
million on bankruptcy professionals since filing its Chapter 11
case in September 2008.

As reported in the Troubled Company Reporter on March 21, 2012, the
Debtors disclosed that their Seventh Amended Joint Plan of
Affiliated Debtors, as modified, and as confirmed by order, dated
Feb. 23, 2012, became effective, marking the successful completion
of the Chapter 11 restructuring process.


WESTMORELAND COAL: DG Capital Ceases to be Shareholder
------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, DG Capital Management, LLC and Dov Gertzulin disclosed
that as of Dec. 31, 2016, they have ceased to beneficially own
shares of common stock of Westmoreland Coal Company.  A full-text
copy of the regulatory filing is available at https://is.gd/PoTVRI

                    About Westmoreland Coal

Colorado Springs, Colo.-based Westmoreland Coal Company (NYSE
AMEX: WLB) -- http://www.westmoreland.com/-- is the oldest        

independent coal company in the United States.  The Company's coal
operations include coal mining in the Powder River Basin in
Montana and lignite mining operations in Montana, North Dakota and
Texas.  Its power operations include ownership of the two-unit
ROVA coal-fired power plant in North Carolina.

Westmoreland reported a net loss applicable to common shareholders
of $203 million on $1.41 billion of revenues for the year ended
Dec. 31, 2015, compared to a net loss applicable to common
shareholders of $173 million on $1.11 billion of revenues for
the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Westmoreland Coal had $1.71 billion in total
assets, $2.30 billion in total liabilities and a total deficit of
$581.2 million.

                          *     *     *

Moody's Investors Service at the end of February 2016 downgraded
the ratings of Westmoreland, including its corporate family rating
to 'Caa1' from 'B3'.

Standard & Poor's Ratings Services in March 2016 affirmed its 'B'
corporate credit rating on Westmoreland and revised the rating
outlook to "negative" from "stable".  "The negative outlook
reflects weaker-than-expected liquidity as a result of a
combination of exposure to a lower price environment and
difficult-to-secure favorable new volume commitments," said
Standard & Poor's credit analyst Vania Dimova.


WET SEAL LLC: Seeks Court Approval for Cash Collateral Use
----------------------------------------------------------
The Wet Seal, LLC and its affiliated Debtors ask the U.S.
Bankruptcy Court for the District of Delaware to authorize their
use of cash collateral.

Prior to the Petition Date, the Debtors commenced
going-out-of-business sales at all of their retail locations.
Simultaneously with the filing of its Cash Collateral Motion, the
Debtors have requested authority to continue the Store Closing
Sales and implement other wind-down initiatives to such sales.

The Debtors tell the Court that they do not have available sources
of working capital and financing sufficient to carry on the
operation of their business and conduct the Store Closing Sales
without the use of Cash Collateral.

The Debtors also tell the Court that they require the use of cash
collateral in order to fund payroll and other employee-related
expenses, pay vendors, and make such other payments as are
essential for the continued management and operation of the
Debtors' business during the pending Store Closing Sales and
subsequent wind down.

The Debtors contend that absent the authority to use cash
collateral, even for a limited period of time, the continued
operation of the Debtors' business and the Store Closing Sales
would suffer, if not cease, causing immediate and irreparable harm
to the Debtors and their estates and creditors.

The Debtors' proposed budget provides total operating disbursements
in the approximate amount of $15,938 covering the week ending
February 4, 2017 through week ending March 11, 2017.

The Debtors have secured obligations with Crystal Financial, LLC,
as the Senior Agent for the lenders party, in the aggregate
principal amount of approximately $9.7 million pursuant to a Senior
Credit Agreement.  The Debtors also have secured obligations with
Mador Funding, LLC, as the Subordinated Agent for the lenders, in
the aggregate principal amount of $15.6 million on account of the
Subordinated Credit Agreement.

The Debtors have granted security interests in, and liens on, all
or substantially all of their assets to secure their obligations
under the Senior Facility and the Second Lien Facility,
respectively.

The Debtors propose to provide adequate protection in the form of,
among other things, additional and replacement liens, superpriority
claims, and certain payments to Crystal Financial, on behalf of
itself and the Senior Lenders, to protect against any postpetition
diminution in value of the Prepetition Collateral.

The Debtors propose to make the following adequate protection
payments to Crystal Financial, on behalf of itself and the Senior
Lenders:

      (a) weekly payments of interest at the Default Rate;

      (b) A payment of the Senior Obligations in the amount of
$250,000 by no later than three business days after the entry of
the Interim Order;

      (c) A payment of the Senior Obligations in the amount of
$1,800,000 by no later than February 10, 2017;

      (d) a payment of the Senior Obligations in the amount of
$3,000,000 by no later than February 17, 2017;

      (e) a payment of the Senior Obligations in the amount of
$1,450,000 by no later than February 24, 2017;

      (f) a payment of the Senior Obligations in the amount of
$50,000 by no later than March 3, 2017;

      (g) at the earlier of the end of the Specified Period and
March 10, 2017, all fees and other amounts due under the Senior
Loan Documents; and

      (h) 100% of the "Net Cash Proceeds" from any asset
disposition will be applied to repay the Senior Obligations.

A full-text copy of the Debtor's Motion, dated February 2, 2017, is
available at https://is.gd/WcNux9

                  About The Wet Seal, LLC

The Wet Seal, LLC a/k/a The Wet Seal (2015), LLC and its Debtor
affiliates: The Wet Seal Gift Card, LLC and Mador Financing, LLC
filed separate Chapter 11 bankruptcy petitions (Bankr. D. Del. Case
Nos. 17-10229, 17-10230 and 17-10231, respectively), on February 2,
2017.  The Petitions were signed by Judd P. Tirnauer, executive
vice president and chief financial officer.  The case is assigned
to Judge Christopher S. Sontchi.  At the time of filing, the
Debtors had $10 million to $50 million in estimated assets and $50
million to $100 million in estimated liabilities.

The Debtor is represented by Robert S. Brady, Esq., Michael R.
Nestor, Esq., Jaime Luton Chapman, Esq. , and Andrew L. Magaziner,
Esq. at Young Conaway Stargatt & Taylor, LLP.  The Debtors' claims
& noticing agent is Donlin, Recano & Company, Inc.



WET SEAL: Intellectual Property Auction on March 2
--------------------------------------------------
The Wet Seal, LLC, and affiliates ask the U.S. Bankruptcy Court for
the District of Delaware to authorize the sale of intellectual
property at auction on March 2, 2017 at 10:00 a.m. (ET).

The Debtors commenced the Chapter 11 Cases because they concluded
that they were unable to reorganize on a standalone basis.
Accordingly, the Debtors determined that the best way to maximize
value for the benefit of all interested parties was a prompt and
orderly wind-down of their business
through the implementation of "Store Closing Sales" and related
liquidation initiatives.  The conclusion to liquidate was reached
following a lengthy process in which the Debtors considered and
explored all reasonable strategic alternatives.

Accordingly, on the Petition Date, the Debtor filed the Debtors'
Motion for Interim and Final Orders (i) Authorizing the Debtors to
Assume the Consulting Agreement, (ii) Authorizing and Approving the
Conduct of Store Closing Sales, with Such Sales to Be Free and
Clear of All Liens, Claims, and Encumbrances, and (iii) Granting
Related Relief ("GOB Motion"), which was approved on an interim
basis on Feb. 3, 2017.  A hearing to consider the GOB Motion on a
final basis is set for Feb. 22, 2017 at 10:00 a.m. (ET).

In connection with their retail operations, the Debtors have
developed and utilized the Intellectual Property, which consists of
trademarks, domain names, customer files, and related data,
including, among other things, the digital assets associated with
the e-commerce Web site operated by the Debtors at
www.wetseal.com.

The Debtors commenced the Store Closing Sales at all of their
retail locations on Jan. 23, 2017.  The Debtors continue to operate
wetseal.com and are currently clearing their e-commerce inventory
through offered discounts and promotions.  

In furtherance of the orderly and expeditious wind-down of their
business operations, the Debtors filed a motion contemporaneously
seeking Court authority to retain and employ Hilco IP Services, LLC
(doing business as Hilco Streambank), an expert in the marketing
and sale of intellectual property assets, as their intellectual
property consultant nunc pro tunc to the Petition Date.  After
consultation with Hilco Streambank and their other advisors, the
Debtors have determined that in order to maximize value, the Sale
of their Intellectual Property needs to occur on an expedited
timeline.

The Debtors' e-commerce inventory is in the process of being
exhausted through discounts and promotions, and will not be
replenished.  As the Debtor's e-commerce inventory is sold down,
the Debtors' e-commerce business will become more expensive to
maintain and operate.  The expenses
associated with the operation of the e-commerce platform include
licensing fees, maintenance of third party warehouse space and
employment of web development and IT personnel to administer the
Web site.  Absent revenue to support that infrastructure, the
Debtors estimate that they will be forced to terminate their
e-commerce operations in early March 2017.

The Debtors and their advisors believe that conducting the sale
process while the e-commerce site is no longer operational, and
when affiliate links are broken and customer engagement has
decreased, will cause a loss to the potential value for that
Intellectual Property.  Indeed, due to the potential loss of value
if the sale is not consummated as quickly as possible, the Interim
Cash Collateral Order (Docket No. 51) specifically provides that
the failure to receive bids on the Intellectual Property by Feb.
28, 2017, will be an Event of Default.

Accordingly, the Debtors believe it is prudent at this time and in
the best interests of their estates and creditors to implement the
"Sale Procedures" and, accordingly, intend to employ the Sale
Procedures prior to a hearing on the Motion.

The Debtors will implement these Sale Procedures for the sale of
the Intellectual Property and conduct the Auction(s) in accordance
therewith:

          a. Bid Deadline: Feb. 28, 2017 at 5:00 p.m. (ET)

          b. Qualified Bid: A minimum Qualified Bid amount for the
Intellectual Property may be announced and/or posted prior to the
Auction.

          c. Minimum Deposit: An amount equal to 10% of the
purchase price identified in the Purchase Agreement.

          d. Auction(s): If the Debtors receive more than one
Qualified Bid for the Intellectual Property (or certain subset of
the Intellectual Property), the Auction(s) with respect to the sale
will commence at the office of Debtors' counsel, Young Conaway
Stargatt & Taylor, LLP, Rodney Square, 1000 North King Street,
Wilmington, Delaware, on March 2, 2017 at 10:00 a.m. (ET).

          e. Qualified Bidders will be permitted to increase their
bids, and bidding at the Auction will continue until such time as
the highest or otherwise best offer is determined in accordance
with these Sale Procedures or until such Auction is adjourned by
the Debtors.

          f. Sale Hearing: March 3, 2017 at 2:00 p.m. (ET).

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

          http://bankrupt.com/misc/The_Wet_Seal_97_Sales.pdf

Due to the diminishing e-commerce inventory and the cost of
maintaining the e-commerce site, as well as the timeline
contemplated for the Store Closing Sales, the Debtors will be
forced to take down their e-commerce site in the near term,
resulting in a significant loss of value to the Debtors' estates.
Accordingly, the Debtors ask the Court to authorize the sale of the
Debtors' Intellectual Property free and clear of liens, claims,
encumbrances, and interests, pursuant to one or more Purchase
Agreements executed by and between the Debtors and the
Purchaser(s); and grant related relief.

The Debtors ask the Court to waive the 14-day stay imposed by
Bankruptcy Rule 6004(h) to the extent applicable.

                       About The Wet Seal

The Wet Seal, LLC, and its affiliates are a national multi-channel
specialty retailer selling fashion apparel and accessory items
designed for female customers aged 18 to 24 years old.  They are
currently comprised of two primary units: the retail store
business
and an e-commerce business.  Through their retail store business,
they operate approximately 142 retail locations in 37 states,
principally in lease-based mall locations.  They also have
historically sold gift cards, which business has been primarily
operated through The Wet Seal Gift Card, LLC.

The Wet Seal, LLC, also known as The Wet Seal (2015), LLC, sought
Chapter 11 protection (Bankr. D. Del. Case No. 17-10229) on Feb.
2,
2017.  The case is assigned to Judge Christopher S. Sontchi.

The Debtor tapped Robert S. Brady, Esq., Michael R. Nestor, Esq.,
Jaime Luton Chapman, Esq., Andrew L. Magaziner, Esq., of the Young
Conaway Stargatt & Taylor, LLP as counsel.

The Debtor estimated assets in the range of $10 million to $50
million and $50 million to $100 million in debt.

The petitions were signed by Judd P. Tirnauer, executive vice
president and chief financial officer.


WET SEAL: U.S. Trustee Forms 7-Member Committee
-----------------------------------------------
Andrew R. Vara, Acting U.S. Trustee for Region 3, on Feb. 14
appointed seven creditors to serve on the official committee of
unsecured creditors appointed in the Chapter 11 cases of The Wet
Seal, LLC, et al.

The committee members are:

     (1) Celebrity Pink
         Attn: Christina Veneracion
         1708 Gage Road
         Montebello, CA 90640
         Tel: (323) 837-9800
         Fax: (323) 837-0009

     (2) Louise Paris Ltd.
         Attn: Serkan Ozgun
         1407 Broadway, Suite 1405
         New York, NY 10018
         Tel: (212) 354-5411 ext. 221
         Fax: (212) 354-0048

     (3) GGP Limited Partnership
         Attn: Julie Minnick Bowden
         110 North Wacker Drive
         Chicago, IL 60606
         Tel: (312) 960-2707
         Fax: (312) 442-6574

     (4) Simon Property Group
         Attn: Ronald M. Tucker
         225 West Washington Street
         Indianapolis, IN 46204
         Tel: (317) 263-2346
         Fax: (317) 263-7901

     (5) Ace Alliance, Inc.
         Attn: Jonathan A. Tizabi
         155 W. Washington Boulevard, Suite 709
         Los Angeles, CA 90015
         Tel: (323) 981-9300 ext. 101
         Fax: (323) 262-3200

     (6) Ikeddi Enterprises, Inc.
         Attn: David Salem
         242 West 36th Street
         New York, NY 10018
         Tel: (646) 473-1760

     (7) Macerich
         Attn: William Palmer
         1175 Pittsford-Victor Road
         Pittsford, NY 14534
         Tel: (585) 249-4421

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense.  They may investigate the debtor's business and financial
affairs.  Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.

                       About The Wet Seal

The Wet Seal, LLC, and its affiliates are a national multi-channel
specialty retailer selling fashion apparel and accessory items
designed for female customers aged 18 to 24 years old.  They are
currently comprised of two primary units: the retail store business
and an e-commerce business.  Through their retail store business,
they operate approximately 142 retail locations in 37 states,
principally in lease-based mall locations.  They also have
historically sold gift cards, which business has been primarily
operated through The Wet Seal Gift Card, LLC.

The Wet Seal, LLC, also known as The Wet Seal (2015), LLC, sought
Chapter 11 protection (Bankr. D. Del. Case No. 17-10229) on Feb. 2,
2017.  The case is assigned to Judge Christopher S. Sontchi.

The Debtor tapped Robert S. Brady, Esq., Michael R. Nestor, Esq.,
Jaime Luton Chapman, Esq., Andrew L. Magaziner, Esq., of the Young
Conaway Stargatt & Taylor, LLP, as counsel.

The Debtor estimated assets in the range of $10 million to $50
million and $50 million to $100 million in debt.

The petitions were signed by Judd P. Tirnauer, executive vice
president and chief financial officer.


WOW ORTHODONTICS: Unsecured Creditors to Get 10% Under Exit Plan
----------------------------------------------------------------
Unsecured creditors of WOW Orthodontics Inc. will be paid 10% of
their allowed claims under the company's proposed plan to exit
Chapter 11 protection.

The plan filed with the U.S. Bankruptcy Court for the Middle
District of Tennessee proposes to pay Class 7 general unsecured
creditors 10% of their allowed claims over 60 months.  The first
payment will be due on or before the first day of the month
following the effective date of the plan.

Meanwhile, creditors holding Class 6 claims, which consist of
disputed general unsecured claims, will not receive any
distribution.

Funds to make payments under the plan will come from company
income.  WOW Orthodontics expects to have accumulated sufficient
funds to meet its operating expenses post-confirmation and make all
plan payments, according to its disclosure statement filed on Feb.
7.

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

                     About WOW Orthodontics

WOW Orthodontics Inc. is an orthodontics practice in Brentwood,
Tennessee, which has been in business since June 2013.  The Debtor
is owned and operated by Wendy Oakes Wilhelm, DDS.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code in the U.S. Bankruptcy Court for the Middle District of
Tennessee (Nashville) (Bankr. M.D. Tenn., Case No. 16-00626) on
February 1, 2016. The petition was signed by Wendy Oakes Wilhelm,
owner.

The Debtor is represented by Elliott Warner Jones, Esq., at Emerge
Law Plc. The case is assigned to Judge Marian Harrison.

The Debtor estimated assets of $500,000 to $1 million and debts of
$1 million to $10 million.

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


YRC WORLDWIDE: Vanguard Group Reports 5% Stake as of Dec. 31
------------------------------------------------------------
The Vanguard Group disclosed in a Schedule 13G filed with the
Securities and Exchange Commission that as of Dec. 31, 2016, it
beneficially owns 1,677,128 shares of common stock of YRC Worldwide
Inc. representing 5.04 percent of the shares outstanding.

Vanguard Fiduciary Trust Company, a wholly-owned subsidiary of The
Vanguard Group, Inc., is the beneficial owner of 43,292 shares or
.13% of the Common Stock outstanding of the Company as a result of
its serving as investment manager of collective trust accounts.

Vanguard Investments Australia, Ltd., a wholly-owned subsidiary of
The Vanguard Group, Inc., is the beneficial owner of 3,734 shares
or  .01% of the Common Stock outstanding of the Company as a result
of its serving as investment manager of Australian investment
offerings.

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

                     https://is.gd/Z7j1E2

                     About YRC Worldwide

Headquartered in Overland Park, Kan., YRC Worldwide Inc. (NASDAQ:
YRCW) -- http://www.yrcw.com/-- is a holding company that offers  


its customers a wide range of transportation services.  These
services include global, national and regional transportation as
well as logistics.

YRC Worldwide reported net income attributable to common
shareholders of $700,000 on $4.83 billion of operating revenue for
the year ended Dec. 31, 2015, compared to a net loss attributable
to common shareholders of $85.8 million on $5.06 billion of
operating revenue for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, the Company had $1.87 billion in total
assets, $2.21 billion in total liabilities and a total
shareholders' deficit of $342.2 million.

                          *    *    *

As reported by the TCR on Feb. 18, 2014, Moody's Investors Service
had upgraded the Corporate Family Rating for YRC Worldwide from
'Caa3' to 'B3', following the successful closing of its
refinancing transactions.

In the Aug. 11, 2015 TCR report, Standard & Poor's Ratings
Services said that it has raised its corporate credit rating on
YRC Worldwide to 'B-' from 'CCC+'.

"The upgrade reflects YRC's earnings growth and improved liquidity
position, along with our belief that gradual improvement in the
company's operating performance will result in credit measures
that are commensurate with the rating," said Standard & Poor's
credit analyst Michael Durand.


[*] Oil & Gas Industry Raises $186 Bil. Through U.S. IPOs in 2016
-----------------------------------------------------------------
PLS Inc., a  Houston-based oil and gas research firm, on Feb. 13,
2017, disclosed that Capitalize(TM), its proprietary and
comprehensive capital markets tracking platform, released a
statistical review of capital markets activity for calendar year
2016 in which

  -- 2016 aggregate value of $186 billion across 346 bond and
equity deals compared with $196 billion from 322 deals in 2015.

  -- $53 billion in equity offerings and $133 billion in bond
issuances by the U.S. energy sector in 2016.

  -- Equity financing activity in Upstream sector surged 69% over
2015 offerings, while traditional equity issuers in the
Midstream/MLP sector reduced equity offerings.

  -- Upstream sector saw 80 equity deals at $31.7 billion (60% of
equity deal amount offered in 2016) and 70 bond deals at $46
billion (35% of bond deal amount offered in 2016).

   -- Slowdown in the IPO market, with only 6 energy IPOs last year
in Upstream and Services sectors.

  -- Virtually no MLPs went public in 2016 relative to the high
levels seen in 2011 and 2014.

   -- Banks earned $1.3 billion in aggregate fees for equity
secondary offerings and IPOs on a total deal amount of $53
billion.

  -- Issuing bonds earned banks $1.3 billion in fees on an
aggregate $133 billion in deals.

   -- JP Morgan most active underwriter on equity and bond
offerings in the U.S. energy markets, with a market share of 14% on
equity and 12% on bond deal amounts.

   -- Credit Suisse lead underwriter on 3 out of the 6 energy IPOs
in 2016.

   -- The expectation of lower oil prices at the beginning of the
year coupled with the increase in Permian Basin M&A and drilling
activity, pushed companies in the Upstream sector to raise a
significant amount of equity in 2016.

   -- Capital markets activity is expected to pick up in 2017 in
the energy industry, building on growth of Upstream M&A and private
equity investments in the U.S.

In its tracking of the US oil and gas sector, Capitalize reported
that the aggregate value of bond and equity issuances fell 5% in
2016 to $186 billion spanning 346 deals, compared with $196 billion
from 322 deals in 2015 and $211 billion from 410 deals during the
much higher-priced 2014 environment.  Decreased liquidity in the
bond markets was a result of investors becoming more risk-averse in
a low commodity price environment.  That affected profit margins
and increased the credit risk of energy related companies, which
had an impact on funds raised through bond offerings.  This
decrease was met with a healthy increase in equity issuances, a 36%
surge in amount raised over that in 2015.

Oil price accounts for much of the deal market volatility as it
began descending from July 2014 highs of $100-plus per barrel and
accelerated in November 2014 when OPEC decided to open the taps to
gain market share.  This resulted in prices plummeting to a low of
$27 per barrel in February 2016.  Two years after OPEC's attack on
oil prices began, both OPEC and non-OPEC countries agreed to cut
production beginning January 1, 2017 -- a decision that is expected
to further boost oil prices this year.

2016 in Review
Deal counts for equity and bond offerings increased by 7% in 2016
to 346 deals versus 322 in 2015 but also fell shy of 2014's 410
deals.  Note, these deal counts do not include at-the-market equity
offerings.  On the other hand, total deal amount decreased by 5% in
2016 to $186 billion from $196 billion in 2015 and $25 billion
lower than 2014's $211 billion of bond and equity deal amount
issued.

The 2016 capital markets landscape was characterized by some
interesting phenomena, as well.  Capitalize saw Upstream companies
coming out with multiple offerings in 2016, fueled substantially by
the need to raise money to act upon opportunities to grab
inexpensive assets.  Some companies go years without doing even one
secondary offering.  Callon Petroleum raised about $1.3 billion
across four raises last year.  Parsley Energy and Synergy Resources
issued equity three times.  Matador Resources, Rice Energy (plus
one for its midstream subsidiary), Resolute Energy, Gulfport
Energy, PDC Energy, SM Energy and Ring Energy all had two
offerings.

Return of the SPAC -- after an absence from the US energy equity
landscape, 2016 saw the IPOs of two blank-check companies willing
to wait before pouncing on reasonably-priced oil assets.  One of
them, Silver Run Acquisition Corp., became Centennial Resource
Development in September and the other, KLR Energy Acquisition
Corp., combined with Tema Oil & Gas to form Rosehill Resources.
This transaction is expected to close in the first half of 2017.

Good execution on Chapter 11 Restructuring Support Agreements --
Most of the companies that filed for bankruptcy last year came to
court with at least a preliminary restructuring support agreement
in hand, enabling them to get through the process faster.  Those
that hadn't garnered strong support from creditors and other
stakeholders from the onset, like Energy XXI, waited over eight
months to get through the process.  Swift Energy, like its name
suggests, got through in just three months.

Tender offers still hot -- Chesapeake Energy and Devon Energy
undertook massive waterfall tender offers on several series of
outstanding debt last year.  Tender offer activity among
overburdened oil companies was consistent throughout the year,
continuing the momentum begun in 2015.  Tendered debt was swapped
for new debt, cash or a combination.  Most everyone paid an early
tender premium of $30 per each $1,000 of debt tendered.  Many
companies did equity or new debt raises for cash to pay for the
tender offers.

"We're spending within our means" -- More and more CEOs and CFOs
uttered these words or something similar in more press releases and
on more conference calls this year, beating out "rightsizing" and
"headwinds" for the most overused energy capital phrase of the
year.  Many companies used 2016 as an experiment to ratchet capex
down below expected cash flow rather than borrow more to fund
capex.

2016 equity offerings -- The increase in 2016 equity offerings was
mainly the result of the large increase in deal amount raised by
companies in the Upstream, Midstream, and Services sectors which
helped keep 2016 equity deal amount raised close to the levels seen
in 2015.  Largest equity issuance increases over 2015 were in the
Upstream and Services sectors at 69% and 342% respectively.

Lead equity bookrunners -- JP Morgan was the most active bookrunner
in the Upstream sector for equity offerings with deal amount share
of $6.1 billion or 19% of total Upstream deals.  Barclays took the
lead in Midstream with a share of $3.2 billion (24% of Midstream).
Wells Fargo was the most active in Downstream at a share of $0.4
billion (27% of Downstream).  Morgan Stanley took the lead in the
Services sector with $1.2 billion or 27%.

2016 bond issuances -- Low commodity prices at the start of 2016
tightened liquidity in the bond markets.  As a result 2016 deal
amount decreased by 15% to $133 billion in 2016 from $156 billion
in 2015.  Upstream bond issuances saw a minor uptick of 1% in deal
amount raised over 2015 to $46 billion.  Largest increase in bond
issuances was seen in the Downstream sector, increasing over 2015
amount by 67% to $16 billion.  Midstream, Integrated and Services
sectors saw decreases ranging from 22% to 49% over levels in 2015.

Lead bond bookrunners -- JP Morgan took the lead allocation in the
bond arena, capturing the largest market share in 3 out of the 5
energy sectors PLS covers; this was in Upstream, Midstream and the
Integrated sectors.  On average, the bank captured a 13% market
share in each of those sectors.  Bank of America Merrill Lynch
captured the largest market share in Downstream at 8%.  Morgan
Stanley replicated its success in equity offerings in the Services
sector by capturing the largest bond share in that sector at 12%.

Looking Forward
The oil and gas deal markets are well supplied with inventory, and
capital is available for the right deal.  At the beginning of 2016,
over $100 billion of dry powder private equity capital was
available.  Much of this remains available a year later,
supplemented by a receptive Wall Street quickly supporting
overnight secondary equity raises to fund the largest deals.  PLS
anticipates additional capital to come to the forefront as the IPO
markets open up.

As drilling and oil prices pick up in the US, PLS expects capital
markets to pick up pace in 2017.  Already the Company has seen 2
IPOs, 17 follow-on offerings and 13 bond offerings in the beginning
of 2017.  An expected rise in oil prices, increased U.S. M&A
activity and private equity funds looking to monetize unrealized
investments, the outlook for energy capital markets activity in
2017 looks promising.

                        About Capitalize

Capitalize is a comprehensive data platform of oil and gas debt and
equity offerings.  The database tracks bank leads, syndicates,
client relationships and associated fees.  The database is
essential for both bankers and borrowers needing transparency on
the capital-intensive oil and gas markets.

                           About PLS

PLS Inc. is a Houston-based oil and gas information and advisory
firm that specializes in insightful real-time research for a global
client base of both industry and investment professionals.
Flagship products include the Global M&A Database, docFinder and
Capitalize along with specialty industry reports.  PLS Inc.,
through its PLS Energy Advisory Group, is also a transaction firm
and in 2016 closed over 35 oil and gas deals across the globe.


[*] Two Law Firms Merge to Create Condon Tobin Sladek Thornton
--------------------------------------------------------------
Attorneys from two established and respected Dallas boutique law
firms have joined to create Condon Tobin Sladek Thornton, a
regional full-service business law firm with collective expertise
in a wide range of practice areas including commercial real estate;
banking and corporate transactions; and complex litigation
including business disputes, bankruptcy and restructuring, and
employment law.

By combining the resources of two distinctive firms operating in
separate practice areas, the new Condon Tobin Sladek Thornton has
created a collaborative group of experienced lawyers able to offer
a broad range of sophisticated transactional and litigation
services typically found only in large, traditional law firms.

"The merger of these two groups creates a firm that is ideal for
these economic times," says firm partner David Condon.  "We're able
to offer the absolute highest quality and most sophisticated
services for our clients combined with a flexible approach and
personal focus that few other firms can match."

Condon Tobin Sladek Thornton's commercial real estate group
includes lawyers with deep expertise guiding commercial real estate
clients through transactions at all stages of the development
cycle.  The lawyers serve as trusted advisors on dynamic retail,
office and mixed-use development regionally and nationwide,
including some of the highest-profile mixed-use projects in North
Texas.  In addition, the firm's banking and corporate finance group
works with financial institutions, corporate clients, funds, and
private equity firms in the structuring, negotiation, and
documentation of a broad spectrum of debt financings across a
variety of industries.

"While the attorneys in this firm have a range of business and
legal expertise, we all take pride in the ability to find creative
and business-minded approaches to our work with clients," says firm
partner Bill Sladek.

The firm's business litigation, bankruptcy/restructuring and
employment law sections include a team of lawyers from the
Dallas-based Anderson Tobin law firm.  Led by trial lawyer Aaron
Tobin, the litigation practice is national in scope and has
successfully represented clients in financial services, oil and
gas, real estate, technology, and the health care sectors.  Their
expertise includes litigation related to business transactions,
employment law, trade secrets, intellectual property, creditor's
rights and securities fraud.

"This is a relationship-based firm with a collaborative culture,"
says Mr. Tobin.  "We truly have one of the very few business
boutiques in North Texas that can operate like a large firm but in
a smaller, more cost-nimble environment."

                About Condon Tobin Sladek Thornton

Condon Tobin Sladek Thornton -- http://www.ctstlaw.com/-- is a
full service business law firm focused on protecting clients in a
broad range of business transactions and disputes.


[^] Recent Small-Dollar & Individual Chapter 11 Filings
-------------------------------------------------------
In re 40 Year Millwork LLC
   Bankr. S.D. Fla. Case No. 17-10611
      Chapter 11 Petition filed January 19, 2017
         See http://bankrupt.com/misc/flsb17-10611.pdf
         represented by: Chad T Van Horn, Esq.
                         Van Horn Law Group, P.A.
                         E-mail: Chad@cvhlawgroup.com

In re AZ Air Time LLC
   Bankr. D. Ariz. Case No. 17-01062
      Chapter 11 Petition filed February 3, 2017
         See http://bankrupt.com/misc/azb17-01062.pdf
         represented by: Olga Zlotnik, Esq.
                         LAW OFFICE OF OLGA ZLOTNIK, PLLC
                         E-mail: info@olgazlotniklaw.com

In re Nancy Lang Mickelberry
   Bankr. C.D. Cal. Case No. 17-10175
      Chapter 11 Petition filed February 3, 2017
         represented by: Chris Gautschi, Esq.
                         E-mail: sanschromo@yahoo.com

In re Pakie Vincent Plastino
   Bankr. C.D. Cal. Case No. 17-10871
      Chapter 11 Petition filed February 3, 2017
         Filed Pro Se

In re Emerald Coast Eateries, Inc.
   Bankr. N.D. Fla. Case No. 17-30095
      Chapter 11 Petition filed February 3, 2017
         See http://bankrupt.com/misc/flnb17-30095.pdf
         represented by: Natasha Z. Revell, Esq.
                         ZALKIN REVELL, PLLC
                         E-mail: tasha@zalkinrevell.com

In re Antonio Raul Martinez
   Bankr. D. Haw. Case No. 17-00104
      Chapter 11 Petition filed February 3, 2017
         Filed Pro Se

In re Muncie Indiana Properties, LLC
   Bankr. S.D. Ind. Case No. 17-00567
      Chapter 11 Petition filed February 3, 2017
         See http://bankrupt.com/misc/insb17-00567.pdf
         represented by: Eric C. Redman, Esq.
                         REDMAN LUDWIG PC
                         E-mail: ksmith@redmanludwig.com

In re Eddie L Combs and Cheryl D Combs
   Bankr. D. Md. Case No. 17-11488
      Chapter 11 Petition filed February 3, 2017
         represented by: Steven H. Greenfeld, Esq.
                         COHEN, BALDINGER & GREENFELD, LLC
                         E-mail: trusteegreen@cohenbaldinger.com

In re Mohammed Iqbal Khan
   Bankr. D. Md. Case No. 17-11480
      Chapter 11 Petition filed February 3, 2017
         Filed Pro Se

In re Carrington Farms Condominium Owners' Association
   Bankr. D.N.H. Case No. 17-10137
      Chapter 11 Petition filed February 3, 2017
         See http://bankrupt.com/misc/nhb17-10137.pdf
         represented by: William S. Gannon, Esq.
                         WILLIAM S. GANNON PLLC
                         E-mail: bgannon@gannonlawfirm.com

In re Yoskar Liquors, Inc.
   Bankr. D.N.J. Case No. 17-12196
      Chapter 11 Petition filed February 3, 2017
         See http://bankrupt.com/misc/njb17-12196.pdf
         represented by: David L. Stevens, Esq.
                         SCURA, WIGFIELD, HEYER & STEVENS
                         E-mail: dstevens@scuramealey.com

In re Cristanto Alvarado-Cervantes
   Bankr. D. Nev. Case No. 17-10503
      Chapter 11 Petition filed February 3, 2017
         represented by: Randal R. Leonard, Esq.
                         E-mail: rleonard999@yahoo.com

In re Zaler Pop Holdings of Wilkinsburg LLC
   Bankr. W.D. Pa. Case No. 17-20390
      Chapter 11 Petition filed February 3, 2017
         See http://bankrupt.com/misc/pawb17-20390.pdf
         represented by: J. Michael Baggett, Esq.
                         MCCANN GARLAND RIDALL & BURKE
                         E-mail: BAGGETTMJ@aol.com

In re Thomas L. Whitten, MD
   Bankr. W.D. Pa. Case No. 17-20415
      Chapter 11 Petition filed February 3, 2017
         represented by: Donald R. Calaiaro, Esq.
                         CALAIARO VALENCIK
                         E-mail: dcalaiaro@c-vlaw.com

In re Memphis Louie, LLC
   Bankr. W.D. Tenn. Case No. 17-21092
      Chapter 11 Petition filed February 3, 2017
         See http://bankrupt.com/misc/tnwb17-21092.pdf
         represented by: Michael P. Coury, Esq.
                         GLANKLER BROWN PLLC
                         E-mail: mcoury@glankler.com

In re Unique Motorsports Inc.
   Bankr. E.D. Tex. Case No. 17-40218
      Chapter 11 Petition filed February 3, 2017
         represented by: Robert T. DeMarco, Esq.
                         DEMARCO-MITCHELL, PLLC
                         E-mail: robert@demarcomitchell.com

In re Samina Jinnah
   Bankr. N.D. Tex. Case No. 17-30416
      Chapter 11 Petition filed February 3, 2017
         See http://bankrupt.com/misc/txeb17-40218.pdf
         represented by: Joyce W. Lindauer, Esq.
                         JOYCE W. LINDAUER ATTORNEY, PLLC
                         E-mail: joyce@joycelindauer.com

In re Charles Gustav Holmsten, II and Celia Osborne Holmsten
   Bankr. S.D. Tex. Case No. 17-30619
      Chapter 11 Petition filed February 3, 2017
         represented by: Matthew Brian Probus, Esq.
                         WAUSON PROBUS
                         E-mail: mbprobus@w-plaw.com

In re Howard Francis Loomis, Jr.
   Bankr. W.D. Wis. Case No. 17-10316
      Chapter 11 Petition filed February 3, 2017
         See http://bankrupt.com/misc/txnb17-30416.pdf
         represented by: Matthew D. Lee, Esq.
                         E-mail: mdlee@foley.com

In re Jaime Leigh Kaufman
   Bankr. C.D. Cal. Case No. 17-10434
      Chapter 11 Petition filed February 4, 2017
         represented by: Andy C Warshaw, Esq.
                         FINANCIAL RELIEF LAW CTR
                         E-mail: awarshaw@bwlawcenter.com

In re Vwellwest, Inc.
   Bankr N.D. Ill. Case No. 17-03335
      Chapter 11 Petition filed February 5, 2017
         See http://bankrupt.com/misc/ilnb17-03335.pdf
         represented by: Laxmi P. Sarathy, Esq.
                         E-mail: lsarathylaw@gmail.com

In re Louis Anthony Telerico
   Bankr. N.D. Ohio Case No. 17-50236
      Chapter 11 Petition filed February 5, 2017
         See http://bankrupt.com/misc/ohnb17-50236.pdf
         represented by: Frederic P. Schwieg, Esq.
                         E-mail: fschwieg@schwieglaw.com

In re Brian Loiselle
   Bankr. D. Ariz. Case No. 17-01069
      Chapter 11 Petition filed February 6, 2017
         Filed Pro Se

In re Home Improvements of America, Inc.
   Bankr. C.D. Cal. Case No. 17-10293
      Chapter 11 Petition filed February 6, 2017
         See http://bankrupt.com/misc/cacb17-10293.pdf
         represented by: Nancy Korompis, Esq.
                         KOROMPIS LAW OFFICES
                         E-mail: korompislaw@gmail.com

In re Joseph A. Talarico
   Bankr. D. Colo. Case No. 17-10851
      Chapter 11 Petition filed February 6, 2017
         represented by: Jeffrey S. Brinen, Esq.
                         E-mail: jsb@kutnerlaw.com

In re US Athletic Facilities For The Youth, LLC
   Bankr. N.D. Ga. Case No. 17-52243
      Chapter 11 Petition filed February 6, 2017
         Filed Pro Se

In re James Edward Allen
   Bankr. S.D. Ga. Case No. 17-20095
      Chapter 11 Petition filed February 6, 2017
         represented by: Paul A. Schofield, Esq.
                         THE SCHOFIELD LAW FIRM, P.C.
                         E-mail: cmecf@schofieldlawfirm.com

In re Puerto Rican Parade Committee of Chicago, Inc.
   Bankr. N.D. Ill. Case No. 17-03480
      Chapter 11 Petition filed February 6, 2017
         See http://bankrupt.com/misc/ilnb17-03480.pdf
         represented by: Paul M. Bach, Esq.
                         BACH LAW OFFICES
                         E-mail: paul@bachoffices.com

In re Mark W. Hall
   Bankr. E.D.N.C. Case No. 17-00589
      Chapter 11 Petition filed February 6, 2017
         represented by: Russell C. Alexander, Esq.
                         HARVELL AND COLLINS, PA
                         E-mail: ralexander@harvellandcollins.com

In re Diabetes Endocrinology & Metabolism Associates, PA
   Bankr. W.D.N.C Case No. 17-30204
      Chapter 11 Petition filed February 6, 2017
         See http://bankrupt.com/misc/ncwb17-30204.pdf
         represented by: Dennis M. O'Dea, Esq.
                         SFS LAW GROUP
                         E-mail: dennis.odea@sfslawgroup.com

In re Bamboo Palace, Inc.
   Bankr. D.N.J. Case No. 17-12313
      Chapter 11 Petition filed February 6, 2017
         See http://bankrupt.com/misc/njb17-12313.pdf
         represented by: David G. Beslow, Esq.
                         GOLDMAN & BESLOW, LLC
                         E-mail: yrodriguez@goldmanlaw.org

In re Appian Way 54, LLC
   Bankr. D.R.I. Case No. 17-10195
      Chapter 11 Petition filed February 6, 2017
         See http://bankrupt.com/misc/rib17-10195.pdf
         Filed Pro Se

In re Phillip Leon Davidson
   Bankr. M.D. Tenn. Case No. 17-00768
      Chapter 11 Petition filed February 6, 2017
         represented by: Timothy G. Niarhos, Esq.
                         NIARHOS & WALDRON, PLC
                         E-mail: tim@niarhos.com

In re Kenneth D. Manis and Jennifer N. Manis
   Bankr. M.D. Tenn. Case No. 17-00788
      Chapter 11 Petition filed February 6, 2017
         represented by: Steven L. Lefkovitz, Esq.
                         LAW OFFICES LEFKOVITZ & LEFKOVITZ
                         E-mail: slefkovitz@lefkovitz.com

In re Last Frontier Realty Corporation
   Bankr. N.D. Tex. Case No. 17-30454
      Chapter 11 Petition filed February 6, 2017
         See http://bankrupt.com/misc/txnb17-30454.pdf
         represented by: Eric A. Liepins, Esq.
                         ERIC A. LIEPINS, P.C.
                         E-mail: eric@ealpc.com

In re John Wiley Bryant and Janet Elizabeth Bryant
   Bankr. N.D. Tex. Case No. 17-30465
      Chapter 11 Petition filed February 6, 2017
         represented by: Keith William Harvey, Esq.
                         THE HARVEY LAW FIRM
                         E-mail: harvey@keithharveylaw.com

In re All Saints Care Injury & Rehabilitation Clinic Inc.
   Bankr. N.D. Tex. Case No. 17-30481
      Chapter 11 Petition filed February 6, 2017
         See http://bankrupt.com/misc/txnb17-30481.pdf
         Filed Pro Se

In re Phasor Technology, Inc.
   Bankr. N.D. Tex. Case No. 17-30495
      Chapter 11 Petition filed February 6, 2017
         See http://bankrupt.com/misc/txnb17-30495.pdf
         represented by: Herman A. Lusky , Esq.
                         LUSKY & ASSOCIATES, P.C.
                         E-mail: mail@lusky.com

In re Mark Templeton Phelps
   Bankr. S.D. Tex. Case No. 17-30769
      Chapter 11 Petition filed February 6, 2017
         represented by: Margaret Maxwell McClure, Esq.
                         E-mail: margaret@mmmcclurelaw.com

In re Ruben Rivas and Irene Rivas
   Bankr. S.D. Tex. Case No. 17-70037
      Chapter 11 Petition filed February 6, 2017
         represented by: Antonio Martinez, Jr., Esq.
                         E-mail: martinez.tony.jr@gmail.com

In re Jayesh Patel
   Bankr. N.D. Cal. Case No. 17-50271
      Chapter 11 Petition filed February 6, 2017
         represented by: Andrew A. Moher, Esq.
                         MOHER LAW GROUP
                         E-mail: amoher@moherlaw.com

In re Fly Nation, Inc.
   Bankr. N.D. Ga. Case No. 17-52456
      Chapter 11 Petition filed February 7, 2017
         See http://bankrupt.com/misc/ganb17-52456.pdf
         represented by: M. Denise Dotson, Esq.
                         M. DENISE DOTSON, LLC
                         E-mail: ddotsonlaw@me.com

In re Curtis Robert Farwell
   Bankr. D. Kan. Case No. 17-10148
      Chapter 11 Petition filed February 7, 2017
         represented by: David R. Klaassen, Esq.
                         E-mail: drklaassen@ks-usa.net

In re Nathan Jordan Enterprises LLC
   Bankr. S.D. Miss. Case No. 17-50191
      Chapter 11 Petition filed February 7, 2017
         See http://bankrupt.com/misc/mssb17-50191.pdf
         represented by: Charles E. Lawrence, Jr., Esq.
                         LAWRENCE LAW OFFICE, PLLC
                         E-mail: celawjr@hotmail.com

In re New Jersey Antique & Used Furnisure LLC
   Bankr. D.N.J. Case No. 17-12407
      Chapter 11 Petition filed February 7, 2017
         See http://bankrupt.com/misc/njb17-12407.pdf
         represented by: Timothy P. Neumann, Esq.
                         BROEGE, NEUMANN, FISCHER & SHAVER
                         E-mail: timothy.neumann25@gmail.com

In re Vincent Thomas
   Bankr. S.D.N.Y. Case No. 17-22202
      Chapter 11 Petition filed February 7, 2017
         See http://bankrupt.com/misc/nysb17-22202.pdf
         represented by: H. Bruce Bronson, Jr., Esq.
                         BRONSON LAW OFFICES, P.C.
                         E-mail: ecf@bronsonlaw.net

In re Advanced Collision, Inc.
   Bankr. W.D.N.Y. Case No. 17-10232
      Chapter 11 Petition filed February 7, 2017
         See http://bankrupt.com/misc/nywb17-10232.pdf
         represented by: Arthur G. Baumeister, Jr., Esq.
                         AMIGONE, SANCHEZ, ET AL
                         E-mail: abaumeister@amigonesanchez.com

In re Shirlick Corp of PA
   Bankr. E.D. Pa. Case No. 17-10867
      Chapter 11 Petition filed February 7, 2017
         See http://bankrupt.com/misc/paeb17-10867.pdf
         represented by: Robert Captain Leite-Young, Esq.
                         ROACH, LEITE & MANYIN, LLC
                         E-mail: rleite@rlmfirm.com

In re Barry McKinley Stephens
   Bankr. D.S.C. Case No. 17-00586
      Chapter 11 Petition filed February 7, 2017
         represented by: Michael M. Beal, Esq.
                         BEAL, LLC
                         E-mail: mbeal@bealllc.com

In re Douglas Harrington
   Bankr. E.D. Tex. Case No. 17-40269
      Chapter 11 Petition filed February 7, 2017
         represented by: Eric A. Liepins, Esq.
                         ERIC A. LIEPINS, P.C.
                         E-mail: eric@ealpc.com

In re Jarick, LLC
   Bankr. N.D. Tex. Case No. 17-40531
      Chapter 11 Petition filed February 7, 2017
         See http://bankrupt.com/misc/txeb17-40531.pdf
         represented by: Eric A. Liepins, Esq.
                         ERIC A. LIEPINS, P.C.
                         E-mail: eric@ealpc.com
In re Shirley M. Wall
   Bankr. D. Ariz. Case No. 17-01150
      Chapter 11 Petition filed February 8, 2017
         represented by: Don C. Fletcher, Esq.
                         LAKE AND COBB
                         E-mail: dfletcher@lakeandcobb.com

In re Kirk Mosley and Karen Mosley
   Bankr. D. Ariz. Case No. 17-01181
      Chapter 11 Petition filed February 8, 2017
         represented by: Bryan Wayne Goodman, Esq.
                         GOODMAN & GOODMAN, PLC
                         E-mail: bwg@goodmanadvisor.com

In re Prestige Auto Body Center, Inc.
   Bankr. C.D. Cal. Case No. 17-11539
      Chapter 11 Petition filed February 8, 2017
         See http://bankrupt.com/misc/cacb17-11539.pdf
         represented by: Marvin Levy, Esq.
                         LAW OFFICE OF MARVIN LEVY
                         E-mail: l-levy@sbcglobal.net

In re Vincent Quan Tang
   Bankr. N.D. Cal. Case No. 17-50293
      Chapter 11 Petition filed February 8, 2017
         Filed Pro Se

In re Robert E. Slate and Candy W. Slate
   Bankr. M.D. Fla. Case No. 17-00428
      Chapter 11 Petition filed February 8, 2017
         See http://bankrupt.com/misc/flmb17-00428.pdf
         represented by: Donald M. DuFresne, Esq.
                         PARKER & DUFRESNE
                         E-mail: dufresne@jaxlawcenter.com

In re Gladys Lima
   Bankr. S.D. Fla. Case No. 17-11571
      Chapter 11 Petition filed February 8, 2017
         represented by: Stephen C Breuer, Esq.
                         E-mail: stephen@moffa.law

In re Joey Alan Ams
   Bankr. E.D.N.C. Case No. 17-00618
      Chapter 11 Petition filed February 8, 2017
         represented by: Danny Bradford, Esq.
                         PAUL D. BRADFORD, PLLC
                         E-mail: dbradford@bradford-law.com

In re 1866 Springfield Ave, LLC
   Bankr. D.N.J. Case No. 17-12505
      Chapter 11 Petition filed February 8, 2017
         See http://bankrupt.com/misc/njb17-12505.pdf
         represented by: Bruce H. Levitt, Esq.
                         LEVITT & SLAFKES, P.C.
                         E-mail: blevitt@levittslafkes.com

In re Kenneth Ahrem
   Bankr. E.D.N.Y. Case No. 17-70728
      Chapter 11 Petition filed February 8, 2017
         represented by: Mark E. Cohen, Esq.
                         E-mail: MECESQ2@aol.com

In re Thomas J. Hockycko and Regina A. Hockycko
   Bankr. W.D. Va. Case No. 17-60252
      Chapter 11 Petition filed February 8, 2017
         represented by: Hannah White Hutman, Esq.
                         HOOVER PENROD, PLC
                         E-mail: hhutman@hooverpenrod.com

In re Kamro Construction Inc.
   Bankr. E.D.N.Y. Case No. 17-40577
      Chapter 11 Petition filed February 9, 2017
         See http://bankrupt.com/misc/nyeb17-40577.pdf
         Filed Pro Se

In re Wanda Conti
   Bankr. E.D.N.Y. Case No. 17-40583
      Chapter 11 Petition filed February 9, 2017
         represented by: Karamvir Dahiya, Esq.
                         DAHIYA LAW OFFICES, LLC
                         E-mail: karam@bankruptcypundit.com

In re Palmetto's Smoke House and Oyster Bar, LLC
   Bankr. D.S.C. Case No. 17-00649
      Chapter 11 Petition filed February 9, 2017
         See http://bankrupt.com/misc/scb17-00649.pdf
         represented by: Robert H. Cooper, Esq.
                         THE COOPER LAW FIRM
                         E-mail:
thecooperlawfirm@thecooperlawfirm.com

In re Richard Wayne Weyand
   Bankr. E.D. Tex. Case No. 17-40284
      Chapter 11 Petition filed February 9, 2017
         represented by: Dennis Olson, Esq.
                         OLSON NICOUD & GUECK, L.L.P.
                         E-mail: denniso@dallas-law.com

In re Christopher L. Mabe
   Bankr. N.D. Tex. Case No. 17-40564
      Chapter 11 Petition filed February 9, 2017
         represented by: Christopher J. Moser, Esq.
                         QUILLINGSELANDER LOWNDS WINSLETT & MOSER
                         E-mail: cmoser@qslwm.com

In re Daniel R. Mitzel and Patricia R. Burklund
   Bankr. W.D. Wash. Case No. 17-10565
      Chapter 11 Petition filed February 9, 2017
         represented by: Armand J Kornfeld, Esq.
                         BUSH KORNFELD LLP
                         E-mail: jkornfeld@bskd.com

In re Michael Chandler Paul and Susan Elizabeth Paul
   Bankr. D. Ariz. Case No. 17-01250
      Chapter 11 Petition filed February 10, 2017
         represented by: Michael A. Jones, Esq.
                         ALLEN BARNES & JONES, PLC
                         E-mail: mjones@allenbarneslaw.com

In re Capital Transportation, Inc.
   Bankr. S.D. Fla. Case No. 17-11664
      Chapter 11 Petition filed February 10, 2017
         See http://bankrupt.com/misc/flsb17-11664.pdf
         represented by: Charles M Tatelbaum, Esq.
                         TRIPP SCOTT, P.A.
                         E-mail: cmt@trippscott.com

In re Matthew A. Muzikar
   Bankr. S.D. Fla. Case No. 17-11666
      Chapter 11 Petition filed February 10, 2017
         represented by: Chad T. Van Horn, Esq.
                         E-mail: Chad@cvhlawgroup.com

In re Athanas Fence Co., Inc.
   Bankr. N.D. Ill. Case No. 17-03883
      Chapter 11 Petition filed February 10, 2017
         See http://bankrupt.com/misc/ilnb17-03883.pdf
         represented by: Joseph E. Cohen, Esq.
                         COHEN & KROL
                         E-mail: jcohen@cohenandkrol.com

In re Martino Drilling, Inc.
   Bankr. E.D.N.C. Case No. 17-00700
      Chapter 11 Petition filed February 10, 2017
         See http://bankrupt.com/misc/nceb17-00700.pdf
         represented by: James C. White, Esq.
                         PARRY TYNDALL WHITE
                         E-mail: jwhite@ptwfirm.com

In re Daron A. Council
   Bankr. E.D.N.C. Case No. 17-00704
      Chapter 11 Petition filed February 10, 2017
         represented by: Trawick H Stubbs, Jr., Esq.
                         STUBBS & PERDUE, P.A.
                         E-mail: efile@stubbsperdue.com

In re 215 Hempstead Realty Corp.
   Bankr. E.D.N.Y. Case No. 17-70755
      Chapter 11 Petition filed February 10, 2017
         See http://bankrupt.com/misc/nyeb17-70755.pdf
         represented by: Heath S. Berger, Esq.
                         BERGER, FISCHOFF & SHUMER, LLP
                         E-mail: hberger@bfslawfirm.com

In re Ernest Watson, Jr. and Nicole Watson
   Bankr. S.D. Tex. Case No. 17-30909
      Chapter 11 Petition filed February 10, 2017
         represented by: Reese W Baker, Esq.
                         BAKER & ASSOCIATES
                         E-mail: courtdocs@bakerassociates.net

In re Eston Eurel Melton, III
   Bankr. S.D. Fla. Case No. 17-11677
      Chapter 11 Petition filed February 12, 2017
         represented by: Peter D. Spindel, Esq.
                         E-mail: peterspindel@gmail.com

In re Sweet Three, LLC
   Bankr. E.D. Mich. Case No. 17-41874
      Chapter 11 Petition filed February 12, 2017
         See http://bankrupt.com/misc/mieb17-41874.pdf
         represented by: Robert N. Bassel, Esq.
                         E-mail: bbassel@gmail.com

In re Michele Geraldine Ament
   Bankr. D.N.M. Case No. 17-10314
      Chapter 11 Petition filed February 12, 2017
         represented by: R Trey Arvizu, III, Esq.
                         E-mail: trey@arvizulaw.com

In re Health Care Temporaries, Inc.
   Bankr. S.D. Tex. Case No. 17-30919
      Chapter 11 Petition filed February 12, 2017
         See http://bankrupt.com/misc/txsb17-30919.pdf
         represented by: Susan Tran, Esq.
                         CORRAL TRAN SINGH LLP
                         E-mail: susan.tran@ctsattorneys.com


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
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Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
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Editors.

Copyright 2017.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
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re-mailing and photocopying) is strictly prohibited without prior
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