TCR_Public/170217.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Friday, February 17, 2017, Vol. 21, No. 47

                            Headlines

2424 ESSE: Seeks to Hire Sharer Petree as Accountant
4 ACES BINGO: Plan to be Funded from Sale or Refinance of Property
ABC DISPOSAL: Seeks April 21 Solicitation Deadline Extension
ABC DISPOSAL: Shawmut Loans to Get 100% with Interest Over 5 Yrs
ADVANCED COLLISION: Taps Amigone Sanchez as Legal Counsel

AECOM: Moody's Assigns Ba3 Rating to New $750MM Sr. Unsecured Notes
ALLROM CONSULTING: Case Summary & 2 Unsecured Creditors
ALTOMARE AUTO: Court Extends Plan Filing Deadline to May 23
AMERICAN CAPITAL: Egan-Jones Withdraws BB Sr. Unsec. Ratings
ARIZONA ACADEMY: Unsecureds to Recoup 37.29% Over 4 Years

ASANDA INC: Hires Walters Firm for Landlord Litigation
ATLAS DISPOSAL: Seeks to Confirm Bankruptcy Plan by Mid-July 2017
AVAYA INC: BlackBerry Wants to Lift Stay to Continue Patent Suit
AZ AIR TIME: Hires Zlotnik Law Office as Counsel
BAVARIA YACHTS: Asks Court to Extend Plan Filing Period to May 16

BIG APPLE: Court Approves Sale to Compass Partners
BILL BARRETT: Vanguard Group Reports 6.9% Stake as of Dec. 31
BIOSERV CORPORATION: Insider Creditors to Get 30% in Amended Plan
BONANZA CREEK: Vanguard Group Holds 4% Stake as of Dec. 31
BRIXMOR PROPERTY: Moody's Affirms (

BURCON NUTRASCIENCE: Incurs C$1.4 Million Net Loss in 3rd Quarter
CALIFORNIA RESOURCES: Occidental Petroleum Ceases to be Shareholder
CALRISSIAN LP: Case Summary & 6 Unsecured Creditors
CENGAGE LEARNING: Moody's Lowers Corporate Family Rating to B3
CHRIST'S HOUSEHOLD: Wants to Continue Using Cash Until May 31

CIENA CORP: Egan-Jones Hikes Sr. Unsec. Debt Ratings to BB-
CITYGOLF: Amends Plan to Provide More Info on Injunction Provisions
CLARK-CUTLER-MCDERMOTT: Unsecureds to Recoup 20%-367.8% Under Plan
CLARKE PROJECT: Court Allows Cash Collateral Use on Interim Basis
CLEARWATER PAPER: Moody's Affirms Ba2 Corporate Family Rating

CLIFFS NATURAL: George Connell Ceases to be 5% Shareholder
CLIFFS NATURAL: State Street Holds 3.47% Stake as of Dec. 31
CLIFFS NATURAL: Vanguard Group Has 7.25% Stake as of Dec. 31
COBALT INT'L: Vanguard Group Reports 6.6% Stake as of Dec. 31
COBALT INTERNATIONAL: Hotchkis and Wiley Reports 15% Equity Stake

CONFIRMATRIX LABORATORY: Needs Until July 2 to File Chapter 11 Plan
COOPER INC: Sedgwick County's Bid for Relief From Stay Granted
CORWIN PLACE: Chapter 11 Plan Filed, Disclosure Hearing on March 7
CUSTOM SOFTWARE: Hires Warner Norcross & Judd as Attorneys
DAKOTA PLAINS: Court Approves PSA with World Fuel Services

DEXTERA SURGICAL: Broadfin Reports 9.9% Stake as of Dec. 31
DEXTERA SURGICAL: Incurs $3.63 Million Net Loss in Second Quarter
DUKE FINANCE: Moody's Lowers Corporate Family Rating to B3
EIDOLON BRANDS: ExWorks Capital Fund I Loan on Interim Basis OK
ENDLESS SALES: Wants To Use BBVA Compass' Cash Collateral

ENERGY FUTURE: Begins Plan Confirmation Hearing with Key Deal
ENERGY FUTURE: Has Tentative Pact Resolving Secured Noteholders Row
ENUMERAL BIOMEDICAL: Peierls Reports 8.87% Stake as of Dec. 31
ESCALERA RESOURCES: PacifiCorp Granted $84K Admin Priority Claim
FALCON AEROSPACE: S&P Assigns BB Rating on $30MM Class C Loans

FARMHAND SUPPLY: Court Allows Use of Rabo AgriFinance Cash
FARMHAND SUPPLY: Unsecureds to Recover 80% Under Plan
FASHION'S LITTLE: Compass Bank Objects to Cash Collateral Use
FASHIONS LITTLE: Hires Olga Zlotnik Law Office as Counsel
FM KELLEY: Plan Exclusivity Period Extended Sine Die

FORBES ENERGY: Anson Funds No Longer Own Shares
FORBES ENERGY: FMR LLC Reports 7% Equity Stake
FORBES ENERGY: Forbes & Crisp Report Equity Stake
FORBES ENERGY: Hires Alvarez & Marsal as Financial Advisors
FORBES ENERGY: Hires Jefferies as Investment Banker

FORBES ENERGY: Hires Pachulski Stang Ziehl & Jones as Counsel
FORBES ENERGY: Hires Snow Spence Green as Local Counsel
FORMOSA PLANTATION: Hires Mitchell C. Compeaux, CPA as Accountant
GAVILAN RESOURCES: S&P Assigns 'B' CCR; Outlook Stable
GIBSON ENERGY: S&P Revises Outlook to Stable & Affirms 'BB' CCR

GIGA-TRONICS INC: Not Complying With NASDAQ's $2.5M Equity Rule
GOOD SHEPHERD: Moody's Gives Caa1 Rating to New Series 2017A Bonds
GRACIOUS HOME: Has Court's Final Nod to Obtain $3MM Financing
GREEN FUEL: Can Use Cash Collateral on an Interim Basis
HAPPY JACK'S: Hires Schroeder & Schreiner as Accountants

HOMER CITY GENERATION: Defends Ch 11 Plan Against US Trustee
HOUGHTON MIFFLIN: Moody's Lowers Corporate Family Rating to B3
HPA NORTHRIDGE: Court Allows Use of Cash Collateral on Final Basis
ILLINOIS POWER: Confirmed Prepackaged Plan Declared Effective
INSTITUTE OF CARDIOVASCULAR: Needs Until May 15 to File Ch. 11 Plan

INTERIOR LOGIC: S&P Assigns 'B' CCR & Rates $255MM Term Loan 'B'
IOWA HEALTHCARE: Hires Juniper as Investment Banker
ITT EDUCATIONAL: Capital World Says It's No Longer a Shareholder
JARICK LLC: Seeks to Hire Eric A. Liepins as Legal Counsel
JN MEDICAL: Voluntary Chapter 11 Case Summary

JONESBORO HOSPITALITY: Case Summary & 16 Top Unsecured Creditors
KALLSTRAND LLC: Hires Gleichenhaus Marchese as General Counsel
KEYPOINT GOVERNMENT: S&P Affirms 'B' CCR; Outlook Stable
L. FROMELIUS INVESTMENT: Hires Paine/Wetzel as Real Estate Broker
LARK TRANSPORTATION: Hires Lester & Associates as Counsel

LIFELINE SLEEP: Needs Additional 150 Days to File Chapter 11 Plan
LINDSAY GENERAL: To Raise $300,000 to Enhance Cash Position
LODGE PARTNERS: Unsecured Creditors to Get $50K Over 3 Years
LOVE GRACE: Hires Heller Draper as Counsel
LSB INDUSTRIES: Robert Robotti Reports 7.9% Stake as of Dec. 31

LSB INDUSTRIES: Tontine Asset Reports 6.8% Stake as of Dec. 31
LVBK LLC: Selling Six Nevada Properties for $1 Million to Pay Banks
LYNEIL MITCHELL: Hires Thompson Law Group as Counsel
MACIEJ PAINT: Court Allows Cash Collateral Use on Interim Basis
MADDD WEST: Seeks to Hire Goldberg Weprin as Legal Counsel

MADDOX FOUNDRY: Hearing on Plan Outline Approval Set for March 23
MADDOX FOUNDRY: McGurn Foundry to Fund Chapter 11 Plan
MALLINCKRODT CB: Moody's Gives Ba1 Rating to New Term Loan Due 2024
MARBLES HOLDINGS: Hires Garden City as Noticing & Claims Agent
MARBLES HOLDINGS: Hires Hilco to Monetize Intellectual Property

MARCUS PEREZ: Illisaca Buying Ossining Property for $157K
MARCUS PEREZ: McKees Buying Croton Property for $170K
MAXUS ENERGY: Creditors' Panel Hires Kenney Consulting as Actuary
MAXUS ENERGY: March 7 Hearing to Approve Disclosure Statement
MAXUS ENERGY: Taps Energynet.com to Sell Stake in Neptune Field

MCO INDUSTRIES: Case Summary & 20 Largest Unsecured Creditors
MEMORIAL PRODUCTION: Disclosure Statement Hearing on Feb. 27
MEMORIAL PRODUCTION: Hires AlixPartners as Financial Advisor
MEMORIAL PRODUCTION: Hires Ordinary Course Professionals
MEMORIAL PRODUCTION: Sec. 341 Creditors' Meeting Set for Feb. 27

MEMORIAL PRODUCTION: Taps Perella Weinberg as Financial Advisor
METROAREA AUTISTIC: Hires Foley & Lardner as Counsel
MGQ INVESTMENTS: Taps Van Guard Capital as Accountant
MHGE PARENT: Moody's Changes Outlook to Negative & Affirms B2 CFR
MIAMI NEUROLOGICAL AVENTURA: Taps Brett A. Elam as Legal Counsel

MINDEN AIR: Asks Court to Extend Plan Filing Deadline to April 17
MRN HOMES: Cash Collateral Use on Final Basis Allowed
NAKED BRAND: Amends Letter of Intent with Bendon Limited
NAKED BRAND: Enters Into 'At Market' Deal with Maxim Group
NASTY GAL: Can Use Hercules Capital Cash on Final Basis

NASTY GAL: To Lay Off Workers, Close Stores After Brand Name Sale
NAVIDEA BIOPHARMACEUTICALS: Execs. to Get $157K 2016 Bonuses
NEPHROGENEX INC: Asks Court to Move Plan Filing Period to May 31
NET ELEMENT: Directs ESOUSA to Buy $1 Million Common Shares
NEUSTAR INC: Egan-Jones Lowers Sr. Unsecured Debt Rating to B+

NEW JERSEY ANTIQUE: Taps Broege Neumann as Legal Counsel
NEW JERSEY HEADWEAR: Seeks 90-Day Plan Filing Period Extension
NEXXLINX CORP: Unsecureds to Get 63%-77% Under 2nd Amended Plan
NVA HOLDINGS: Moody's Assigns B1 Rating to $94.5MM Revolver Debt
OCD LLC: Case Summary & Unsecured Creditor

OLMOS EQUIPMENT: Hires Mel Davis Auctions as Auctioneer
OLMOS EQUIPMENT: Hires PPL Group & Myron Bowling as Auctioneers
OLMOS EQUIPMENT: Hires Ritchie Bros. as Auctioneer
OTS CAPITAL: Asks Court to Move Plan Filing Period to June 12
OUTER HARBOR: Unsecureds to Get Up to 16% Under Liquidation Plan

PACHECO BROTHERS: Wants To Use TDDC, Direct Capital Cash Collateral
PHASOR TECHNOLOGY: Taps Lusky & Associates as Legal Counsel
PROGRESSIVE ACUTE: Doctors Sue Four Administrators for Fraud
PURE FOODS: Hires Bradley Arant as Bankruptcy Co-Counsel
QUEST RARE: Regulator Grants Management Cease-Trade Order

RACKSPACE HOSTING: Egan-Jones Withdraws BB Unsecured Debt Rating
RAIN TREE: Hires John Edward Brown, CPA as Accountant
RESTAURANT BRANDS: S&P Affirms 'B+' CCR; Outlook Stable
REVOLUTION ALUMINUM: Hires Steffes Vingiello as Counsel
ROBERT MATTHEWS: Garcias Buying Las Vegas Property for $155K

RONALD GLEN WOODSON: Seeks Ch. 11 Trustee Appointment
S&S SCREW: Creditors' Panel Hires Bass Berry as Counsel
SAMSON RESOURCES: Court Confirms Chapter 11 Plan
SL GRAY: Hires Porter Law as Attorney
SOLID ROCK: Unsecureds to Be Paid From Liquidation Proceeds

SPANISH BROADCASTING: Egan-Jones Lowers Unsec. Ratings to CCC-
STEMTECH INTERNATIONAL: Hires GlassRatner as Financial Advisors
STO ROX SCHOOL: Moody's Gives Initial Ba3 Rating to 2017 GO Bonds
T&C GYMNASTICS: Aerial Gym to Recover Nothing Under Amended Plan
TASEKO MINES: Moody's Hikes Corporate Family Rating to B3

TRANSCARE CORP: Paid $2.79 Million to Patriarch Partners
TRANSMAR COMMODITY: ABN Amro OK'd to Subpoena More Units
TRANSPORT EXPRESS: Unsecureds to Get 50% Plus Interest for 10 Years
TRIANGLE USA: Court Extends Plan Filing Deadline to March 16
TX C C INC: Case Summary & 20 Largest Unsecured Creditors

ULTRA PETROLEUM: Disciplined Growth Reports 9% Equity Stake
ULTRA PETROLEUM: Scoggin Entities Report 5.6% Equity Stake
URBAN DISCOVERY: S&P Lowers Rating on 2014A/B Revenue Bonds to BB-
VANGUARD HEALTHCARE: PCO Continues to Get Complaints
VINCENT MORELLA: Vincent Buying Shreveport Property for $100K

VISTA OUTDOOR: S&P Affirms 'BB+' CCR & Revises Outlook to Negative
WCI COMMUNITIES: S&P Raises CCR to 'BB' on Acquisition by Lennar
WENATCHEE, WA: Moody's Confirms Ba1 Rating on 2007 LTGO Bonds
WEST LANE PROPERTIES: De Santis to Get $4,054 Monthly Over 5 Years
WET SEAL: Proposes Auction of Wetseal.com and Other IP Assets

WHICKER ASSET: Voluntary Chapter 11 Case Summary
XTERA COMMUNICATIONS: H.I.G. Capital Acquires Assets of Business
[*] D. Farrington Yates Joins Kobre & Kim's Insolvency Practice
[*] Former SEC Chair Mary Jo White Returns to Debevoise
[*] Michelle Harner Selected as U.S. Bankruptcy Judge in Maryland

[*] Webinar -- Retail Restructuring Outlook 2017 -- Wed., Mar. 8
[^] BOOK REVIEW: AS WE FORGIVE OUR DEBTORS

                            *********

2424 ESSE: Seeks to Hire Sharer Petree as Accountant
----------------------------------------------------
2424 Esse, LLC seeks approval from the U.S. Bankruptcy Court for
the District of New Jersey to hire an accountant.

The Debtor proposes to hire Sharer Petree Brotz & Snyder to prepare
its monthly operating reports and tax returns, and provide other
accounting services related to its Chapter 11 case.

The hourly rates charged by the firm are:

     Partners             $325 - $375
     Manager              $225 - $250
     Senior Associate     $175 - $225
     Junior Associate      $70 - $150

Robert Snyder, Jr., a certified public accountant employed with
Sharer Petree, disclosed in a court filing that his firm is
"disinterested" as defined in section 101(14) of the Bankruptcy
Code.

The firm can be reached through:

     Robert N. Snyder, Jr.
     Sharer Petree Brotz & Snyder
     1103 Laurel Oak Road, Suite 105B
     Voorhees, NJ 08043
     Phone: +1 856-435-3200

                       About 2424 ESSE LLC

2424 ESSE, LLC filed a Chapter 11 petition (Bankr. D.N.J. Case No.
16-34422), on December 27, 2016.  The petition was signed by Tammy
Alvarez-Olmeda, owner.  The case is assigned to Judge Kathryn C.
Ferguson.  The Debtor is represented by William Mackin, Esq., at
Sherman Silverstein Kohl Rose & Podolsky of Moorestown, New
Jersey.

The Debtor disclosed total assets of $4.37 million and total
liabilities of $2.96 million.

No trustee or examiner has been appointed in this case. No official
committee of unsecured creditors has been appointed in the case.


4 ACES BINGO: Plan to be Funded from Sale or Refinance of Property
------------------------------------------------------------------
4 Aces Bingo, Inc., filed with the U.S. Bankruptcy Court for the
District of Colorado a combined plan of reorganization and
disclosure statement, dated Feb. 10, 2017.

Class 2. Unsecured Allowed Claims. The Debtor has only one
unsecured claimant, Ruthann Weaver.  Ms. Weaver is the ex-wife of
the Debtor's owner, William Weaver, and performed prepetition
bookkeeping and accounting services for the Debtor.  Ms. Weaver was
owed $12,585 as of the Petition Date.  The Class 2 claimant will
receive distribution of the principal amount of her claims from the
Net Proceeds, which remain from the sale or refinance of the
Property after Class 1 claims, priority claims, and administrative
expense claims are paid in full.  Class 2 will not be paid until
after all senior creditor classes have been paid.  The Class 2
claimant will not receive more than payment of the principal amount
of her Allowed Claim.

The Plan will be funded through the sale of the Property located in
Aurora, Colorado or through refinancing.  The Debtor will have
authority to sell the Property or refinance the Property to pay
creditors under the Plan.

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

         http://bankrupt.com/misc/cob16-22413-49.pdf

                   About 4 Aces Bingo

4 Aces Bingo Inc is a privately held company in Aurora, CO.  It
was established in 1992.  4 Aces Bingo filed a Chapter 11
bankruptcy petition (Bankr. D. Colo. Case No. 16-22413) on Dec. 28,
2016.  4 Aces Bingo is a Single Asset Real Estate debtor.  The
Hon. Elizabeth E. Brown oversees the case.  Jeffrey S. Brinen,
Esq., at Kutner Brinen, P.C., serves as counsel to the
Debtor.  In its petition, the Debtor estimated $1 million to $10
million in assets; and liabilities between $500,000 and $1
million.  The petition was signed by William Weaver, president.


ABC DISPOSAL: Seeks April 21 Solicitation Deadline Extension
------------------------------------------------------------
ABC Disposal Services, Inc. and its affiliated Debtors requests the
U.S. Bankruptcy Court for the District of Massachusetts to extend
the period during which only the Debtors have the exclusive right
to solicit acceptances of their plan of reorganization from March
2, 2017 through and including April 21, 2017.

The Debtors relate that they have diligently pursued reorganization
and have expended substantial effort and resources in reaching
consensus with the majority of their principal creditor
constituencies regarding restructuring of their obligations. As
such, on December 30, 2016, after reaching agreement with Webster
Bank, N.A. for itself and as agent for certain other lenders, with
regard to both consensual plan treatment and the provision of an
exit financing facility to fund operations and payments to
creditors, the Debtors filed their Chapter 11 plan of
reorganization and disclosure statement. The Court scheduled a
hearing for February 14, 2017 at 11:30 a.m. to consider the
approval of the Debtors' Disclosure Statement.

The Debtors relate that they have continued discussions and
negotiations with certain of their creditor constituencies after
December 30, 2016, to obtain their agreement regarding treatment of
their claims under the Plan and to address their issues with
respect to the Disclosure Statement, and has also conferred with
the Office of the U.S. Trustee.

Following those discussions, the Debtors tells the Court that it
has made certain amendments and revisions to the Disclosure
Statement and the Plan.  These Revisions are reflected in the
amended Plan and the amended Disclosure Statement which the Debtors
filed with the Court contemporaneously with its exclusivity
motion.

Based upon the Revisions, the Debtors believe that they can obtain
acceptance of the Plan from their principal creditor
constituencies, the holders of the Class 2 and Class 3 Claims,
Webster Bank, N.A. for itself and as agent for certain other
lenders, the holder of the Class 4 Claim,  BMO Harris Bank, N.A.,
and the holders of the Class 8 and Class 9 Claims, the General
Unsecured Creditors. As is set forth in the Disclosure Statement,
the Debtors also tell the Court that the Committee supports the
Plan and urges creditors to vote to accept it.

                    About ABC Disposal Service

ABC Disposal Service, Inc., provides full service waste hauling,
disposal and recycling services, and sells, rents and services
compaction and baling equipment to a variety of industrial,
institutional, commercial and construction related customers.

New Bedford Waste owns and operates municipal solid waste and
construction and demolition debris transfer stations in New
Bedford, Sandwich, and Rochester, Massachusetts which transfer and
process residential, commercial, industrial, and institutional and
construction wastes under approved state and local government
permits and licenses.

Solid Waste Services, Inc., is a Massachusetts corporation
organized in 1999 to hold an ownership interest in New Bedford
Waste.

Shawmut Associates and A&L Enterprises are Massachusetts limited
liability companies which own and lease real estate to ABC and New
Bedford Waste in connection with their operations.

ZERO Waste Solutions, LLC, is a Massachusetts limited liability
company formed in 2013 for the purposes of developing and operating
an advanced mixed waste recycling facility located on Shawmut
Associates' Rochester property to process and market recyclable
material and then turn unrecyclable material into compact, clean
burning, high yield fuel briquettes which have a variety of
industrial uses.

The principals of the Debtors are Laurinda F. Camara and her
children Susan M. Sebastiao, Kenneth J. Camara, Steven A. Camara,
and Michael A. Camara.  Each of the Principals owns 20% of the
stock in ABC.  Each of Susan M. Sebastiao, Kenneth J. Camara,
Steven A. Camara and Michael A. Camara own a 12.5% interest in New
Bedford Waste and a 25% interest in Shawmut Associates, A&L
Enterprises, and Solid Waste Services.  Solid Waste Services owns
the remaining 50% of the membership interests in New Bedford Waste.
New Bedford Waste owns 80% of the membership interests in ZERO
Waste.

ABC Disposal Service, Inc., New Bedford Waste Services, LLC, Solid
Waste Services, Inc., Shawmut Associates, LLC, A&L Enterprises,
LLC, and ZERO Waste Solutions, LLC each filed a voluntary petition
under Chapter 11 of the Bankruptcy Code (Bankr. D. Mass. Case Nos.
16-11787 to 16-11792, respectively) on May 11, 2016.  The petitions
were signed by Michael A. Camara as vice president/CEO.  Judge Joan
N. Feeney presides over the cases.

Harold B. Murphy, Esq., Christopher M. Condon, Esq., and Michael K.
O'Neil, Esq., at Murphy & King Professional Corporation serves as
the Debtors' counsel.  Argus Management Corp. is the Debtors'
financial advisor.  The Debtors engaged Source Capital Group, Inc.
as investment banker, and CliftonLarsonAllen, LLP as accountant.

The Official Committee of Unsecured Creditors tapped Jager Smith
P.C. as counsel.


ABC DISPOSAL: Shawmut Loans to Get 100% with Interest Over 5 Yrs
----------------------------------------------------------------
ABC Disposal Service, Inc., et al., filed with the U.S. Bankruptcy
Court for the District of Massachusetts a first amended disclosure
statement filed on Feb. 13, 2017, with respect to the Debtor's
first amended joint plan of reorganization.

Class 2 Shawmut Loans Claim -- estimated at $6,015,000 -- will be
paid in full with interest over five years.  This class is impaired
by the Plan.

Class 10 Insider Claims -- estimated at $1 million -- will get no
payments until after payment of all senior non-Insider Claims in
accordance with the Plan.  This class is impaired by the Plan.

As reported by the Troubled Company Reporter on Jan. 10, 2017, the
Debtors filed with the Court their disclosure statement with
respect to their joint plan of reorganization, which provides for
the periodic distributions to the holders of all Allowed,
non-Insider, Claims from the Debtors operating income and a
revolving Exit Facility in the amount of $5,000,000.  Class 9
General Unsecured Claims is impaired under that plan, and each
holder will receive payment equal to 85% of the amount of that
holder's Allowed General Unsecured Claim as follows: (i) Upon the
Payment Date, an amount equal to 30% of the Allowed Claim; and (ii)
Commencing on the 90th day following the Payment Date and
continuing quarterly thereafter for 20 quarters, the Dividend of
2.75% of the amount of the Allowed Claim until the holder of an
Allowed Class 9 General Unsecured Claim receives total payments in
an amount equal to 85% of its Allowed General Unsecured Claim.  The
plan will be funded by the Debtors' Cash and operating income and
the proceeds of the Exit Facility, a revolving credit line from
Webster in an amount up to $5,000,000 to be secured by a
first-priority lien on ABC's unencumbered vehicles and junior Liens
on the Debtors' other real and personal property.

According to the First Amended Disclosure Statement, holders of
Class 9 General Unsecured Claims -- estimated between $5,700,000
and $6,200,000 -- will be paid 85% of the allowed claim as follows:
40% of the allowed claim on the payment date plus 20 quarterly
distributions of 2.25% of allowed claim.

Excluding claims of Insiders in the approximate filed amount of
$1,155,000, the disputed claims of BFS, and the claim of the City
of New Bedford in the amount of $4,370,000, which was resolved
through a stipulation pursuant to which the City waived any right
of recovery against the Debtors' bankruptcy estates, the Debtors
estimate that there are approximately 500 creditors holding Allowed
General Unsecured Claims in an approximate aggregate amount between
$6,000,000 and $6,500,000.  Virtually all of those general
unsecured claims are asserted against ABC or New Bedford Waste.  Of
that number, approximately 250 hold Allowed General Unsecured
Claims in an amount equal to $5,000 or less.  The approximate
aggregate amount of the claims is $300,000.  

All General Unsecured Claims are classified in one of two classes.
In order to reduce the costs associated with administering payments
under the Plan, General Unsecured Claims in an amount equal to or
less than $5,000 are classified in the Class 8 Convenience Class.
The remaining General Unsecured Claims are classified in Class 9.

The Plan provides for a fixed dividend payable from the Exit
Facility and the Debtors' operations equal to 85% of each holder of
an Allowed General Unsecured Claim.  After consideration of the
probable risks, costs, and delays of and attendant to any
litigation, the Debtors do not believe that they possess any
meaningful net preference or fraudulent conveyance claims against
holders of General Unsecured Claims.  It is likely that potential
defendants to those actions would have substantial, fact intensive,
defenses against any such claims and there is no possibility that
the Debtors or the Reorganized Debtors could recover attorneys'
fees or costs even if they prevailed.  Moreover, as a condition of
its support of the Plan, the Committee has required, that the
Debtors agree not to pursue any such avoidance actions.
Accordingly, in consideration of the above and the benefit to the
Debtors, their Estates, and their creditors accruing from the
Committee’s support of the Plan, the Debtors have covenanted
under the Plan, for themselves and for the Reorganized Debtors,
that they will not commence or pursue avoidance actions against any
Creditors in either Class 8 or Class 9 of the Plan.

The First Amended Disclosure Statement is available at:

           http://bankrupt.com/misc/mab16-11787-316.pdf

                   About ABC Disposal Service

ABC Disposal Service, Inc., provides full service waste hauling,
disposal and recycling services, and sells, rents and services
compaction and baling equipment to a variety of industrial,
institutional, commercial and construction related customers.

New Bedford Waste owns and operates municipal solid waste and
construction and demolition debris transfer stations in New
Bedford, Sandwich, and Rochester, Massachusetts which transfer and
process residential, commercial, industrial, and institutional and
construction wastes under approved state and local government
permits and licenses.

Solid Waste Services, Inc., is a Massachusetts corporation
organized in 1999 to hold an ownership interest in New Bedford
Waste.

Shawmut Associates and A&L Enterprises are Massachusetts limited
liability companies which own and lease real estate to ABC and New
Bedford Waste in connection with their operations.

ZERO Waste Solutions, LLC, is a Massachusetts limited liability
company formed in 2013 for the purposes of developing and operating
an advanced mixed waste recycling facility located on Shawmut
Associates' Rochester property to process and market recyclable
material and then turn unrecyclable material into compact, clean
burning, high yield fuel briquettes which have a variety of
industrial uses.

The principals of the Debtors are Laurinda F. Camara and her
children Susan M. Sebastiao, Kenneth J. Camara, Steven A. Camara,
and Michael A. Camara.  Each of the Principals owns 20% of the
stock in ABC.  Each of Susan M. Sebastiao, Kenneth J. Camara,
Steven A. Camara and Michael A. Camara own a 12.5% interest in New
Bedford Waste and a 25% interest in Shawmut Associates, A&L
Enterprises, and Solid Waste Services.  Solid Waste Services owns
the remaining 50% of the membership interests in New Bedford Waste.
New Bedford Waste owns 80% of the membership interests in ZERO
Waste.

ABC Disposal Service, Inc., New Bedford Waste Services, LLC, Solid
Waste Services, Inc., Shawmut Associates, LLC, A&L Enterprises,
LLC, and ZERO Waste Solutions, LLC each filed a voluntary petition
under Chapter 11 of the Bankruptcy Code (Bankr. D. Mass. Case Nos.
16-11787 to 16-11792, respectively) on May 11, 2016.  The petitions
were signed by Michael A. Camara as vice president/CEO.  Judge Joan
N. Feeney presides over the cases.

Harold B. Murphy, Esq., Christopher M. Condon, Esq., and Michael K.
O'Neil, Esq., at Murphy & King Professional Corporation serves as
the Debtors' counsel.  Argus Management Corp. is the Debtors'
financial advisor.  The Debtors engaged Source Capital Group, Inc.
as investment banker, and CliftonLarsonAllen, LLP as accountant.

The Official Committee of Unsecured Creditors tapped Jager Smith
P.C. as counsel.


ADVANCED COLLISION: Taps Amigone Sanchez as Legal Counsel
---------------------------------------------------------
Advanced Collision, Inc. seeks approval from the U.S. Bankruptcy
Court for the Western District of New York to hire legal counsel.

The Debtor proposes to hire Amigone, Sanchez & Mattrey, LLP to give
legal advice regarding its duties under the Bankruptcy Code, and
provide other legal services related to its Chapter 11 case.

Arthur Baumeister, Jr., Esq., and Scott Bogucki, Esq., the
attorneys designated to represent the Debtor, will be paid $275 per
hour and $175 per hour, respectively.

Mr. Baumeister disclosed in a court filing that his firm does not
hold or represent any interest adverse to the Debtor, its
bankruptcy estate and creditors.

The firm can be reached through:

     Arthur G. Baumeister, Jr., Esq.
     Amigone, Sanchez & Mattrey, LLP
     1300 Main Place Tower
     350 Main Street
     Buffalo, NY 14202
     Phone: 716-852-1300
     Fax: 716-852-1344

                    About Advanced Collision

Advanced Collision, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D.N.Y. Case No. 17-10232) on February 7,
2017.  At the time of the filing, the Debtor estimated assets and
liabilities of less than $1 million.

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


AECOM: Moody's Assigns Ba3 Rating to New $750MM Sr. Unsecured Notes
-------------------------------------------------------------------
Moody's Investors Service has assigned a Ba3 rating to AECOM's
proposed $750 million senior unsecured notes due 2027. The company
plans to use the proceeds from the notes offering to retire
outstanding debt and to pay related fees and expenses. Moody's
affirmed AECOM's Ba2 corporate family rating, Ba2-PD probability of
default rating, the Ba1 rating on its senior secured credit
facilities, the Ba3 rating on its existing senior unsecured notes
and its Speculative Grade Liquidity Rating of SGL-2. The ratings
outlook remains stable.

Issuer: AECOM

Affirmations:

Issuer: AECOM

-- Corporate Family Rating, Affirmed Ba2

-- Probability of Default Rating, Affirmed Ba2-PD

-- Speculative Grade Liquidity Rating, Affirmed SGL-2

-- Senior Secured Bank Credit Facility, Affirmed Ba1, (to LGD2
from LGD3)

-- Senior Unsecured Regular Bond/Debenture, Affirmed Ba3 (LGD5)

Assignments:

-- Senior Unsecured Regular Bond/Debenture, Assigned Ba3 (LGD5)

Outlook Actions:

Issuer: AECOM

-- Outlook, Remains Stable

RATINGS RATIONALE

AECOM's Ba2 corporate family rating reflects its large scale,
diverse end market exposure, solid market position, moderate fixed
price construction risk and strong and consistent operating cash
flow. The company is one of the largest and most diversified
engineering & construction companies in North America. AECOM's
rating also reflects its acquisitive history, elevated leverage,
moderate interest coverage, low level of funds from operations as a
percent of outstanding debt and its increased exposure to
construction risk after the acquisitions of URS (October 2014) and
the Hunt Construction Group (July 2014).

AECOM plans to issue $750 million of senior unsecured notes and to
use the proceeds to retire its term loan B and to repay portions of
its term loan A and revolving credit facility debt. This
refinancing will extend a portion of the company's debt maturities,
reduce its secured borrowings and lock in long term financing at a
low fixed interest rate. However, it will also result in a moderate
increase in its interest costs in the near term.

Moody's expects AECOM to generate modestly weaker operating results
in fiscal 2017 (ends September 2017) due to lower expected benefits
from favorable project close outs and the timing of the ramp up on
sizeable new projects. Fiscal 2017 should be somewhat of a
transition year given the high level of bids submitted on a robust
pipeline of work in all of its segments contributing to a record
backlog of $43.8 billion as of December 31, 2016. The company is
benefitting from the wide array of services it offers along with
strength in the power sector, increased federal and state funding
allocated for investments in infrastructure and an unprecedented
pipeline of work for its Management Services segment. However,
these favorable end market dynamics are not likely to impact
AECOM's operating performance until late fiscal 2017 or fiscal
2018. Therefore, Moody's expects AECOM to generate adjusted EBITDA
modestly below the $1.4 billion produced in fiscal 2016.

AECOM should continue to produce strong operating cash flows in the
range of $600 million to $750 million in fiscal 2017. Free cash
flow after capital expenditures will be about $500 million to $650
million. Moody's expects the company to use the majority of its
free cash flow to continue to pay down debt considering the company
has retired about $1.2 billion of debt since it closed the
acquisition of URS in October 2014. This will result in the
company's leverage ratio (Debt/EBITDA) declining to 4.2x-4.4x in
September 2017 from 4.5x in September 2016, while its interest
coverage ratio (EBITA/Interest Expense) rises to 2.6x-2.8x from
2.5x.

AECOM's speculative grade liquidity rating of SGL-2 reflects its
good liquidity profile. The company had $561 million of cash and
$862 million of availability on its $1.05 billion revolving credit
facility as of December 31, 2016. AECOM also had $137 million of
cash in consolidated joint ventures, but that cash is not readily
accessible and is earmarked to support specific projects. AECOM's
credit facilities have financial maintenance covenants including a
maximum leverage ratio requirement that steps down to 4.75x for the
quarter ended March 2017, and a minimum interest coverage ratio
requirement of 3.0x. Moody's expects the company to remain well in
compliance with the interest coverage requirement, but the buffer
on the leverage ratio covenant could get tight depending on the
volatility of quarterly earnings.

AECOM's stable ratings outlook presumes the company's operating
results will be relatively stable over the next 12 to 18 months and
result in substantial free cash flow and a gradual deleveraging. It
also assumes the company will carefully balance its leverage with
its growth strategies.

A ratings upgrade is possible if the company continues to use its
free cash flow to pay down debt and reduces its leverage ratio to
below 3.5x.

Negative rating pressure could develop if deteriorating operating
results, weaker than expected cash flow or debt financed
acquisitions result in the leverage ratio rising above 5.0x or
funds from operations (CF from operations before working capital
changes) falling below 15% of outstanding debt. A significant
reduction in borrowing availability or liquidity could also result
in a downgrade.

The principal methodology used in these ratings was Construction
Industry published in November 2014.

Headquartered in Los Angeles, CA, AECOM is a fully integrated
professional and technical services firm providing engineering &
design, planning and construction services to the infrastructure,
transportation, industrial, environmental, oil and gas, power,
water and government sectors. The company operates under three
business segments: design & consulting services (44% of revenues),
construction services (37%) and management services (19%). AECOM
generated revenues of about $17.5 billion during the trailing 12
months ended December 31, 2016.



ALLROM CONSULTING: Case Summary & 2 Unsecured Creditors
-------------------------------------------------------
Debtor: Allrom Consulting LTD
        1122 Walters Mill Road
        Forest Hill, MD 21050

Case No.: 17-12052

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: February 15, 2017

Court: United States Bankruptcy Court
       District of Maryland (Baltimore)

Judge: Hon. Nancy V. Alquist

Debtor's Counsel: Aryeh E. Stein, Esq.
                  MERIDIAN LAW, LLC
                  600 Reisterstown Road, Suite 700
                  Baltimore, MD 21208
                  Tel: (443) 326-6011
                  E-mail: astein@meridianlawfirm.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Tommy J. Ellis, director.

A copy of the Debtor's list of two unsecured creditors is available
for free at http://bankrupt.com/misc/mdb17-12052.pdf


ALTOMARE AUTO: Court Extends Plan Filing Deadline to May 23
-----------------------------------------------------------
Judge John K. Sherwood of the U.S. Bankruptcy Court for the
District of New Jersey extended the exclusive period of Altomare
Auto Group, LLC, d/b/a Union Volkswagen and Altomare 22 Union, LLC
for filing a plan of reorganization through May 23, 2017, and their
exclusive period to obtain confirmation of a plan of reorganization
through July 24, 2017.

The Troubled Company Reporter had earlier reported that the Debtors
sought exclusivity extension telling the Court that they have spent
the bulk of their time in Chapter 11 negotiating cash collateral
arrangements with their secured creditors, and negotiating and
ultimately obtaining approval for the sale of substantially all of
the assets of the estate.  Unfortunately, the Debtors added, there
was insufficient time before the current exclusivity period expires
to circulate and file a plan of reorganization and disclosure
statement.

The Debtors related that excluded from the sale are potential
causes of action and  general intangibles, which includes, among
others, the cause of action pending in Union County, as well as any
funds which will be flowing to Altomare Auto Group as result of a
recent settlement between Volkswagen of America and its dealers.

The Debtors contended that additional time will be needed to
determine the allocation to each individual dealer, such as
Altomare Auto Group, from the settlement proceeds derived from the
Volkswagen of America litigation.  The Debtors further contended
that once that determination has been made, they will be able to
advise its creditors as to the proposed distribution of the portion
of settlement proceeds anticipated to be received by the estate
from the settlement of the said litigation.

                 About Altomare Auto Group, LLC

Altomare Auto Group, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. N.J. Case No. 16-22376) on June 27,
2016. On June 30, 2016, Altomare 22 Union, LLC filed a Chapter 11
petition (Bankr. D. N.J. Case No. 16-22628). The petitions were
signed by Anthony Altomare, managing member. The cases are jointly
administered and are assigned to Judge John K. Sherwood.

At the time of the filing, Altomare Auto disclosed $9.04 million in
assets and $12.78 million in liabilities. Meanwhile, Altomare 22
disclosed $256,877 in assets and $6.24 million in liabilities.

The Debtors are represented by Daniel Stolz, Esq., at Wasserman,
Jurista & Stolz, P.C.  The Debtors retained Arent Fox LLP as
special automotive counsel; BMC Group, Inc. as its noticing and
balloting agent; D.T. Murphy & Company as automotive consultants;
WithumSmith & Brown as accountant;

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


AMERICAN CAPITAL: Egan-Jones Withdraws BB Sr. Unsec. Ratings
------------------------------------------------------------
Egan-Jones Ratings, on Jan. 26, 2017, withdrew its BB senior
unsecured ratings on debt issued by American Capital Ltd.

American Capital, Ltd. is a publicly traded private equity firm and
global asset manager.



ARIZONA ACADEMY: Unsecureds to Recoup 37.29% Over 4 Years
---------------------------------------------------------
Arizona Academy of Science and Technology, Inc., filed with the
U.S. Bankruptcy Court for the District of Arizona its disclosure
statement explaining its plan of reorganization, dated Feb. 10,
2017.

Class 5 under the plan consists of the Allowed Unsecured Claims of
Creditors in an amount less than $5,000. Class 5 creditors will be
paid a pro rata share from the Debtors' Excess Cash Flow on a
quarterly basis for the four fiscal quarters of Debtor's plan,
beginning the first fiscal quarter after the Effective Date of this
Plan.  Additionally, if the Debtor recovers funds from Charter
Asset Management on account of the adversary proceeding and after
payment in full of all administrative claims and the IRS Class 3
claim, the Debtor will pay any remaining funds to the Class 5 claim
holders pro rata, within 60 days of receipt of any funds recovered
in that action.  If claims are paid in full, payment to this class
will cease immediately. Estimated recovery for this class is 100%.

Class 6 consists of the Allowed Unsecured Claims of Creditors in an
amount greater than $5,000.  Class 6 creditors will be paid a pro
rata share from the Debtors' Excess Cash Flow on a quarterly basis
for a four year period, beginning the first fiscal quarter after
payment to Class 5 is completed.  Additionally, if the Debtor
recovers funds from CAM on account of the adversary proceeding and
after payment in full of all administrative claims, IRS Class 3
claim, and Class 5 claims, the Debtor will pay any remaining funds
to the Class 6 claim holders pro rata, within 60 days of receipt of
any funds recovered in that action.  If claims are paid in full,
payment to this class will cease immediately. Estimated recovery
for this class is 37.29%.

The Debtor's plan of reorganization is structured to allow for the
greatest likelihood that its creditors receive a maximum repayment
over the course of the plan.  The repayment to creditors is based
on a percentage basis of the Debtor's equalization from the state,
which in turn is based on student enrollment.  Therefore, as the
school's enrollment increases, so do the Debtor's payments to its
creditors.

The Debtor anticipates that it can afford to contribute 10% of its
annual anticipate state equalization income to the Plan.

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

       http://bankrupt.com/misc/azb2-16-09573-71.pdf

      About Arizona Academy of Science and Technology

Arizona Academy of Science and Technology, Inc., filed a Chapter
11
bankruptcy petition (Bankr. D.Ariz. Case No. 16-09573) on Aug. 18,
2016. Hon. Scott H. Gan presides over the case. Davis Miles
McGuire Gardner, PLLC, represents the Debtor as counsel.

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


ASANDA INC: Hires Walters Firm for Landlord Litigation
------------------------------------------------------
Asanda Inc., and Asanda Park Avenue, Inc., seek authorization from
the U.S. Bankruptcy Court for the Southern District of New York to
employ the law firm of Walters and Walters as special litigation
counsel to debtor Park Avenue Inc., nunc pro tunc to January 11,
2017.

Prior to the Petition Date, Park Avenue was embroiled in litigation
with its landlord in both New York State Supreme Court and the
Civil Court of the City of New York, Landlord and Tenant part.  The
litigation all stems from claims that Park Avenue has against the
landlord for constructive and actual eviction from its leased
premises and it sought declaratory and equitable relief as well as
damages.

The Debtor requires W&W to represent the Debtor in connection with
the Landlord Disputes during the course of the Chapter 11 case and
any other matter which could arise relating to the underlying lease
between Park Avenue and its landlord.

The Debtor will compensate W&W for services provided at $350 per
hour, plus reimbursement of actual necessary expenses incurred.

During the 90-day period leading up to the Petition Date, W&W
received $10,000 from debtor Asanda Inc. and $2,500 from a
non-debtor third party, which was payment for services rendered for
both Asanda Inc. and Asanda Park Avenue, Inc.

Matthew Walters, Esq., of the Law Offices of Gerard A. Walters
d/b/a Walters and Walters, 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.

W&W may be reached at:

    Matthew Walters, Esq.    
    Law Offices of Gerard A. Walters d/b/a Walters & Walters
    20 Vesey Street, Suite 700
    New York, NY 10007
    Tel: (212) 227-1666

                    About Asanda Inc.

Asanda Inc. and affiliate Asanda Park Avenue, Inc., own and operate
two fully serviced luxury salon and spas in New York City, one on
Park Avenue (and 56th Street) and one in Soho.

Asanda Inc. and Asanda Park Avenue each filed chapter 11 petitions
(Bankr. S.D.N.Y. Case Nos 17-10054 and 17-10055) on Jan. 11, 2017.

The petitions were signed by Gene Frisco, managing director.  The
Debtors are represented by Erica Feynman Aisner, Esq., and Jonathan
S. Pasternak, Esq., at Delbello, Donnellan, Weingarten, Wise &
Wiederkehr, LLP.  The case is assigned to Judge James L. Garrity,
Jr.  The Debtors each estimated assets and liabilities at $1
million to $10 million at the time of the filing.


ATLAS DISPOSAL: Seeks to Confirm Bankruptcy Plan by Mid-July 2017
-----------------------------------------------------------------
Atlas Disposal Options Inc. requests the U.S. Bankruptcy Court for
the District of New Jersey to extend the time within which it has
the exclusive right to file a Chapter 11 Plan and Disclosure
Statement pursuant to 11 U.S.C. Sections 1121, 1129 and 105.

The Debtor submits that it is on its way to dealing with the issues
plaguing it, and will be able to prepare and submit and hopefully
confirm a Plan within a reasonable period of time, by the middle of
July 2017.

The Debtor relates that its former counsel Fogel has filed a Small
Business Chapter 11 Combined Plan and Disclosure Statement on
September 23, 2016. Unfortunately, the Debtor adds that said Plan
has drawn numerous objections. The Debtor further relates that
Counsel Fogel has withdrawn from the case, and has been replaced by
Stuart M. Nachbar, Esq. on January 31, 2017 with the Court's
approval.

Consequently, all hearings on the combined Plan and Disclosure
Statement have been adjourned. All hearing related to the Combined
Disclosure Statement and Plan, as well as, previously filed
Objections to Claims have been adjourned to March 23, 2017.

Currently, the Debtor and its new counsel is in the process of
negotiating with the Internal Revenue Service regarding prospective
cash collateral orders, and hope to have that issues resolved
shortly. The Debtor adds that further steps are in the process of
being taken to determine if the Objections to the Proofs of Claim
are in fact properly filed. In addition, a new Status Conference
has been scheduled for March 23, 2017, and the Debtor hopes to have
positive news about said negotiations and cash flow.

Counsels for New Jersey Department of Environmental Protection and
for the IRS, on behalf of their clients, have consented to the
Debtor's request for exclusivity extension.

A hearing on the Debtor's Motion will be held on March 14, 2017 at
10:00 a.m.

                  About Atlas Disposal Options

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

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

Initially, the Debtor was represented by Richard Fogel, Esq.
Subsequently, the Debtor employs Stuart M. Nachbar, Esq. at Law
Office of Stuart M. Nachbar, P.C. to represent it in its case.  The
Debtor also tapped Walter B. Dennen, Esq. at Aimino & Dennen, LLC
as special counsel; and Todd S. Marrazzo as the accountant.

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


AVAYA INC: BlackBerry Wants to Lift Stay to Continue Patent Suit
----------------------------------------------------------------
BlackBerry Limited and BlackBerry Corporation filed with the U.S.
Bankruptcy Court for the Southern District of New York a motion for
relief from automatic stay in order to permit them to continue with
litigation against Avaya Inc. pending in the U.S. District Court
for the Northern District of Texas, Case No. 16-cv-02185, and in
order to (a) seek an injunction of postpetition (and continuing)
violations of the patent laws and (b) liquidate Blackberry's
prepetition claims against the Debtor for patent infringement.  In
the alternative, Blackberry requests an order confirming that the
automatic stay does not bar the Patent Infringement Action to the
extent of seeking injunctive relief for postpetition violations of
the patent laws.

BlackBerry is the owner of a number of valuable patents that the
Debtor infringed prior to the commencement of the Chapter 11 cases
and is continuing to infringe in the course of its daily
operations.  The infringed patents cover core technologies related
to digital data communication, like enhanced security and
cryptographic techniques, mobile device user interfaces,
communication servers, and audio and video codecs.  These
technologies are being used across a substantial portion of
Debtor’s product range, including networking products like
switches and routers, communication servers and client software,
telepresence systems, softphones and deskphones, and software for
mobile device communications, which Debtor imports to, and markets
and sells in, the United States.  
BlackBerry says that by continuing to violate its patents after the
filing of its bankruptcy petition, the Debtor is engaging in
unlawful activity.  BlackBerry states that the claims it asserted
in the Patent Infringement Action are non-core matters involving
federal patent infringement claims, and the District Court is best
situated to determine those matters.  Moreover, Debtor's
infringement of BlackBerry's patents is continuing unabated
following the filing of the bankruptcy petition; as a result,
BlackBerry will continue to be harmed by Debtor's ongoing,
post-petition infringement with no recourse to stop harm unless the
Court grants relief from the automatic stay.  
A hearing on the stay motion will be held on March 3, 2017, at
10:00 a.m. ET.  Objections must be filed by Feb. 24, 2017, at 4:00
p.m. ET, while responses to the objections must be filed by Feb.
28, 2017, at 4:00 p.m. ET.

The stay motion is available at:

           http://bankrupt.com/misc/nysb17-10089-151.pdf
           http://bankrupt.com/misc/nysb17-10089-152.pdf

BlackBerry is represented by:

     Kevin P.B. Johnson, Esq.
     Victoria F. Maroulis, Esq.
     QUINN EMANUEL URQUHART & SULLIVAN LLP
     555 Twin Dolphin Drive, 5th Floor
     Redwood Shores, California 94065-2139
     Tel: (650) 801-5000
     Fax: (650) 801-5100
     E-mail: kevinjohnson@quinnemanuel.com
             victoriamaroulis@quinnemanuel.com

          -- and --

     Eric Winston, Esq. (pro hac vice pending)
     QUINN EMANUEL URQUHART & SULLIVAN, LLP
     865 South Figueroa Street, 10th Floor
     Los Angeles, California 90017-2543
     Tel: (213) 443-3000
     Fax: (213) 443-3100
     E-mail: ericwinston@quinnemanuel.com

          -- and --

     Kate Scherling, Esq.
     QUINN EMANUEL URQUHART & SULLIVAN LLP
     51 Madison Avenue, 22nd Floor
     New York, New York 10010
     Tel: (212) 849-7000
     Fax: (212) 849-7100
     E-mail: katescherling@quinnemanuel.com

                             About Avaya

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

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

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

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


AZ AIR TIME: Hires Zlotnik Law Office as Counsel
------------------------------------------------
AZ Air Time LLC, seeks authority from the U.S. Bankruptcy Court for
the District of Arizona to employ the Law Office of Olga Zlotnik,
PLLC, as counsel to the Debtor.

AZ Air Time requires Zlotnik to:

   a. provide the Debtor with legal advice with respect to its
      reorganization;

   b. represent the Debtor in negotiations involving secured and
      unsecured creditors and parties-in-interest;

   c. represent the Debtor at the U.S. Trustee interview, first
      meeting of creditors, all court hearings set by the Court
      in Debtor's bankruptcy case, and in any adversary
      proceedings or contested matters;

   d. prepare necessary applications, motions, answers, orders,
      reports or other legal papers necessary to assist in
      Debtor's reorganization;

   e. assist the Debtor with the preparation of its Schedules of
      Assets and Liabilities and Statements of Financial Affairs;

   f. advise the Debtor with respect to any post-petition
      financing and cash collateral arrangements and negotiating,
      drafting and prosecuting all documents, motions and
      pleadings relating thereto;

   g. advise the Debtor on all matters relating to the
      assumption, rejection or assignment of unexpired leases and
      executory contracts;

   h. take all necessary action to protect and preserve Debtor's
      estate, including the prosecution of actions on Debtor's
      behalf, the defense of any actions commenced against
      Debtor, objecting to claims filed against the Debtor's
      estate, and negotiating and effecting settlements of the
      same;

   i. prepare, negotiating and taking all actions necessary to
      obtain approval and confirmation of a disclosure statement,
      plan of reorganization and related agreements and
      documents; and

   j. perform all other legal services relating to the
      administration and conduct of the Debtor's estate in its
      efforts to reorganize.

Zlotnik will be paid at these hourly rates:

     Olga Zlotnik                   $220
     Legal Assistants               $135

Prior to the filing of this bankruptcy, the Debtor paid Zlotnik a
flat fee retainer in the amount of $7,283 for pre-bankruptcy
services and a filing fee of $1,717. The Debtor also paid Zlotnik
an advanced deposit of $5,000, which is held in Zlotnik's IOLTA
Trust Account to secure payment of fees and costs incurred in the
Chapter 11 case.

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

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

Zlotnik can be reached at:

     Olga Zlotnik, Esq.
     LAW OFFICE OF OLGA ZLOTNIK, PLLC
     7047 E. Greenway Parkway, Ste. 250
     Scottsdale, Arizona 85254
     Telephone: (480) 788-7011
     Fax: (866) 935-0552

               About AZ Air Time LLC

AZ Air Time LLC filed a Chapter 11 bankruptcy petition (Bankr. D.
Ariz. Case No. 17-01062) on Feb. 3, 2017, listing under $1 million
in both assets and liabilities.


BAVARIA YACHTS: Asks Court to Extend Plan Filing Period to May 16
-----------------------------------------------------------------
Bavaria Yachts USA, LLLP requests the U.S. Bankruptcy Court for the
Northern District of Georgia to extend its exclusive period to file
a Chapter 11 Plan through and including May 16, 2017.

The Debtor tells the Court that it is still in the midst of selling
vessels and currently negotiating with potential buyers. As such,
the Debtor needs additional time so as to assist the Debtor in
consummating the sales and allow it to formulate a more definitive
plan.

The Court will hold a hearing on the Debtor's Motion on March 7,
2017 at 1:30 p.m.

                      About Bavaria Yachts USA

Bavaria Yachts USA, LLLP sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N. D. Ga. Case No. 16-68583) on October 18,
2016.  The petition was signed by Kenneth Feld, manager of Oddbody
LLC, the Debtor's general partner. At the time of the filing, the
Debtor estimated its assets and liabilities at $1 million to $10
million.

The Debtor tapped Louis G. McBryan, Esq. of McBryan LLC to serve as
legal counsel in connection with its Chapter 11 case. The Debtor
hires Alexander Dombrowsky, Esq. at Robert Allen Law as its special
counsel; and Mark M. Chase and Chase CPA, LLC as its accountants.

An official committee of unsecured creditors has not been appointed
in the Chapter 11 case.


BIG APPLE: Court Approves Sale to Compass Partners
--------------------------------------------------
Jonathan Randles, writing for The Wall Street Journal Pro
Bankruptcy, reported that Judge Sean Lane of the U.S. Bankruptcy
Court in Manhattan has authorized The Big Apple Circus, Ltd., to
sell its assets to Compass Partners LLC, for $1.3 million.

According to the report, Compass intends to revive the circus by
bringing holiday shows back to New York City's Lincoln Center this
year.  Judge Lane said during a court hearing on Feb. 14 that he
was "happy to hear the news of a robust auction" for Big Apple
Circus, the report related.

Compass hopes to reach a long-term agreement to put on shows at
Lincoln Center, according to Compass lawyer Alison Bauer, the
report related.  Ms. Bauer said Compass is also planning to
establish new administrative offices for the circus in New York
City, the report added.

                   About The Big Apple Circus

The Big Apple Circus, Ltd., filed a chapter 11 petition (Bankr.
S.D.N.Y. Case No. 16-13297) on Nov. 20, 2016.  The petition was
signed by Will Maitland Weiss, executive director.  The Debtor is
represented by Natasha M. Labovitz, Esq. and Christopher Updike,
Esq., at Debevoise & Plimpton LLP.  The Debtor estimated assets
and
liabilities at $1 million to $10 million at the time of the
filing.

An Official Committee of Unsecured Creditors has been appointed in
the case, and is represented by Robert J. Feinstein, Esq., Maria
A.
Bove, Esq., and Steven W. Golden, Esq., at Pachulski Stang Ziehl &
Jones LLP.


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 June 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.


BIOSERV CORPORATION: Insider Creditors to Get 30% in Amended Plan
-----------------------------------------------------------------
Bioserv Corporation filed with the U.S. Bankruptcy Court for the
Southern District of California its first amended disclosure
statement for its plan of reorganization, dated Feb. 2, 2017.

The Plan provides for paying all undisputed non-insider claimants
and creditors 100% of their Allowed Claims, in cash, on the
Effective Date.  The Effective Date of the Plan is five business
days after the Plan Confirmation Date.  Disputed non-insider
claimants and creditors will receive 100% of their Allowed Claims,
in Cash, on the Effective Date or on the date specified by the
Court in a Final Order, whichever comes later.  All unsecured,
non-insider, pre-petition creditors will also receive Interest on
their Allowed Claims, calculated at the Federal Funds Rate on the
Petition Date, which has accrued between the Petition Date and the
Effective Date.  Interest will be paid, in cash, on the Effective
Date, or, for Disputed Claims, on the Effective Date or on the date
specified by the Court in a Final Order, whichever is later.

The Plan provides for insider claimants and creditors to receive
30% of their Allowed Claims, in cash and as soon as possible after
Plan Confirmation, but not earlier than ten days after Effective
Date, if the cash balance remaining in the Cash Reserves is greater
than $500,000.  If there is insufficient cash in the Cash Reserves,
insider claimants and creditors shall be issued notes in lieu of
cash.

The Plan further provides for a limited distribution of common
stock in Reorganized Debtor to certain classes of creditors.  No
later than six months after the Effective Date, the Reorganized
Debtor will issue common stock equal to 5% of Reorganized Debtor's
value on the Effective Date to Class 4 Claimants, or general,
unsecured claimants, in Pro Rata.  In the event the Reorganized
Debtor recovers $5 million or more in Prospective Litigation
Proceeds, it will again issue, to Class 4 Claimants in Pro Rata,
common stock equal to 5% of Reorganized Debtor's value on the
Effective Date.  No later than six months after the Effective Date,
the Reorganized Debtor will issue common stock equal to 40% of
Reorganized Debtor's value on the Effective Date to Class 5
Claimants, or administrative and pre-petition insider claimants, in
Pro Rata.  Simultaneously with the issuance of common stock to
Class 4 Claimants, no later than six months after the Effective
Date, stock held by Class 7 Claimants will be reduced from 100% to
55%.

The Plan generally provides that the Reorganized Debtor will use
cash of the Sales Proceeds to: pay fully the allowed Administrative
Expense Claims, Priority Tax Claims, Secured Claims, Unsecured
Claims, and subordinated insider claims, with Interest as
specified, on the Effective Date or upon the entry of a Final
Order, whichever is later.  The Plan further provides that the
Debtor will issue Common Stock in Reorganized Debtor to general,
unsecured claimants from Class 4 and insider Claimants from Class
6.

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

           http://bankrupt.com/misc/casb14-08651-509.pdf

Headquartered in San Diego, California, Bioserv Corporation field
for Chapter 11 bankruptcy protection (Bankr. S.D. Calif. Case No.
14-08651) on Oct. 31, 2014, estimating its assets at between
$500,000 and $1 million and its liabilities at between$1 million
and $10 million.  The petition was signed by Albert Hansen, CEO.

Judge Margaret M. Mann presides over the case.

Benjamin Carson, Esq., at Benjamin Carson Law Office serves as the
Debtor's bankruptcy counsel.


BONANZA CREEK: Vanguard Group Holds 4% 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 2,003,139 shares of common stock of Bonanza Creek
Energy Inc. representing 4.03 percent of the shares outstanding.
Vanguard Fiduciary Trust Company, a wholly-owned subsidiary of The
Vanguard Group, Inc., is the beneficial owner of 9,497 shares or
.01% of the Common Stock outstanding of the Company as a result of
its serving as investment manager of collective trust accounts.

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

                       https://is.gd/P8o4dV

                     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.


BRIXMOR PROPERTY: Moody's Affirms (
-----------------------------------
Moody's Investors Service affirmed the Baa3 senior unsecured rating
of Brixmor Operating Partnership LP and revised the rating outlook
to stable, from negative. The outlook revision reflects Brixmor's
remediation efforts and resolution of the accounting review related
to the smoothing of non-GAAP same property NOI items from late
2015.

The stable outlook reflects Moody's expectation that Brixmor
Property Group Inc. and Brixmor OP will continue to improve its
governance, operational strength, and financial profile, while
managing debt maturities with adequate liquidity and stable credit
metrics.

The following ratings were affirmed:

Brixmor Property Group Inc. -- Preferred stock shelf at (P)Ba1.

Brixmor Operating Partnership LP - Issuer rating at Baa3; senior
unsecured debt rating at Baa3; senior unsecured debt shelf at
(P)Baa3.

RATINGS RATIONALE

The outlook revision also reflects Brixmor OP's implementation of
the following remediation actions during 2016; certain personnel
are no longer employed by the company, a new permanent Chief
Executive Officer and Chief Financial Officer were appointed
effective May 2016, increase communication and training to
employees regarding the ethical values of BPG, requirement to
comply with laws, the Code of Conduct and BPG's policies, and an
assessment of roles and responsibilities to enhance financial
controls and compliance.

Brixmor still has outstanding lawsuits regarding its accounting
irregularities, but has passed year-end 2016 Sarbanes-Oxley (SOX)
review after remediating the material weakness in its internal
financial controls.

The revision of the outlook also takes into account Brixmor's
improving credit profile, with an increased unencumbered asset base
as well as lower secured debt levels. BRX has grown its
unencumbered asset base to approximately 76% of gross assets at
YE16, an improvement from 62% at YE15 and 51% at YE14. Secured debt
has improved to 11.4% at YE16, down from 19.9% at YE15 and 28.3% at
YE14, as the company completed two unsecured debt issuances in
2016, using the proceeds to pay down existing mortgage debt and
outstanding balances on its line of credit. Additionally, the
company maintains solid fixed charge coverage at 3.8x as of YE16.
These credit strengths are offset by the REIT's high leverage
levels relative to similarly rated REITs with effective leverage of
50.8% and Net Debt/EBITDA of 6.6x at YE16, however, Moody's expects
these metrics to improve over time, as a result of occupancy gains,
rental increases and redevelopment activity.

Although upward rating movement is unlikely in the near term, a
future rating upgrade would reflect secured debt/gross assets
approaching 10%; Net Debt/EBITDA less than 6.0x on a sustained
basis; and effective leverage less than 50% on a sustained basis.

A rating downgrade would likely result from an increase in secured
debt; Net Debt/EBITDA above 7.0x; effective leverage over 55%; or,
any reversal in the REIT's commitment to an unsecured debt
strategy.

The last rating action for Brixmor Property Group was on February
08, 2016 when Moody's affirmed the Baa3 senior unsecured rating of
Brixmor Operating Partnership LP and revised the rating outlook to
negative, from stable.

Brixmor Operating Partnership, L.P., the operating partnership to
the Brixmor Property Group Inc. (NYSE: BRX) is a retail REIT that
owns and operates more than 500 neighborhood and community shopping
centers. As of December 31, 2016, Brixmor had total book assets of
$9.3 billion and total book equity of $2.9 billion.

The principal methodology used in these ratings was Global Rating
Methodology for REITs and Other Commercial Property Firms published
in July 2010.



BURCON NUTRASCIENCE: Incurs C$1.4 Million Net Loss in 3rd Quarter
-----------------------------------------------------------------
Burcon Nutrascience Corporation reported a loss and comprehensive
loss of C$1.38 million on C$30,158 of revenue for the three months
ended Dec. 31, 2016, compared to a loss and comprehensive loss of
C$1.66 million on $23,588 of revenue for the three months ended
Dec. 31, 2015.

For the nine months ended Dec. 31, 2016, the Company reported a
loss and comprehensive loss of C$4.41 million on C$79,007 of
revenue compared to a loss and comprehensive loss of C$4.95 million
on C$73,240 of revenue for the same period during the prior year.

As of Dec. 31, 2016, Burcon had C$7.82 million in total assets,
C$2.44 million in total liabilities and C$5.38 million in
shareholders' equity.

"Conditions do exist, as described in the Condensed Consolidated
Interim Financial Statements that cast substantial doubt over the
Company's ability to continue as a going concern.  As at December
31, 2016, the Company had not earned significant revenues from its
technology, had an accumulated deficit of $82.0 million (March 31,
2016 - $77.6 million).  During the nine months ended December 31,
2016, the Company incurred a loss of $4.4 million (2015 - $5.0
million) and has negative cash flow from operations of $3.5 million
(2015 - $3.9 million).  The Company has relied on equity
financings, private placements, rights offerings, other equity
transactions and issuance of convertible debt to provide the
financing necessary to undertake its research and development
activities.  At December 31, 2016, the Company had cash and cash
equivalents of $5.9 million.  In May 2016, the Company completed a
convertible note financing for $2.0 million, with net proceeds of
$1.9 million and a rights offering in November 2016 with net
proceeds of $5.0 million.  Management estimates these funds are
sufficient to fund its operations to February 2018.  The estimated
date excludes proceeds from outstanding convertible securities and
royalty revenues that may be derived from ADM's CLARISOY full-scale
commercial facility. Burcon will require additional capital to meet
its business objectives, although there is no assurance that
additional financing will be available on acceptable terms, if at
all," the Company said in the report.

A full-text copy of the Form 6-K report is available at:

                    https://is.gd/tPHlai

                  About Burcon NutraScience        

Headquartered in Vancouver, Canada, Burcon NutraScience
Corporation has developed a portfolio of composition, application,
and process patents originating from its core protein extraction
and purification technology.  The Company's patented processes
utilize inexpensive oilseed meals and other plant-based sources
for the production of purified plant proteins that exhibit certain
nutritional, functional and nutraceutical profiles.

Burcon NutraScience reported a net loss of C$6.56 million on
C$106,390 of revenue for the year ended March 31, 2016, compared to
a net loss of C$6.57 million on C$105,387 of revenue for the year
ended March 31, 2015.


CALIFORNIA RESOURCES: Occidental Petroleum Ceases to be Shareholder
-------------------------------------------------------------------
Occidental Petroleum Corporation disclosed in an amended Schedule
13G filed with the Securities and Exchange Commission that as of
March 24, 2016, it has ceased to beneficially own shares of common
stock of California Resources Corporation.

On March 24, 2016, Occidental Petroleum distributed to holders of
its common stock as of Feb. 29, 2016, 71,500,000 shares of common
stock of California Resources as a special stock dividend on each
outstanding share of Occidental common stock outstanding at the
close of business on the Record Date.  Following completion of the
distribution, Occidental held no shares of California Resources
common stock.  Additional information about the distribution can be
found in an information statement filed by Occidental with the
Securities and Exchange Commission in a Current Report on Form 8-K
on March 2, 2016.

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

                     https://is.gd/9MFElU

                  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'.


CALRISSIAN LP: Case Summary & 6 Unsecured Creditors
---------------------------------------------------
Debtor: Calrissian LP
        1201 Howard Avenue, 3rd Floor
        Burlingame, CA 94010

Case No.: 17-10356

Chapter 11 Petition Date: February 15, 2017

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

Debtor's
General
Bankruptcy
Counsel:          BAKER BOTTS L.L.P.

Debtor's          
Bankruptcy    
Co-Counsel:       Robert J. Dehney, Esq.
                  MORRIS, NICHOLS, ARSHT & TUNNELL LLP
                  1201 N. Market Street
                  P O. Box 1347
                  Wilmington, DE 19899-1347
                  Tel: (302) 658-9200
                  Fax: (302) 658-3989
                  E-mail: rdehney@mnat.com

                      - and -

                  Tamara K. Minott, Esq.
                  MORRIS, NICHOLS, ARSHT & TUNNELL LLP
                  1201 North Market Street
                  PO BOX 1347
                  Wilmington, DE 19866
                  Tel: 302-658-9200
                  Fax: 302-658-3989
                  E-mail: tminott@mnat.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $50 million to $100 million

The petition was signed by Jesse Watson, manager, Virgo Services
Company, general partner of the Debtor.

A copy of the Debtor's list of six unsecured creditors is available
for free at http://bankrupt.com/misc/deb17-10356.pdf


CENGAGE LEARNING: Moody's Lowers Corporate Family Rating to B3
--------------------------------------------------------------
Moody's Investors Service downgraded Cengage Learning, Inc.'s
Corporate Family Rating (CFR) to B3 from B2 and Probability of
Default Rating to B3-PD from B2-PD. Moody's also downgraded the
Senior Secured Term Loan to B2 (LGD3) from B1 (LGD3) and the Senior
Unsecured Notes to Caa2 (LGD5) from Caa1(LGD5). The outlook remains
stable. The action reflects underperformance of Cengage's business
relative to expectations and continued secular challenges in the
higher education market.

The following rating actions were taken:

Ratings Downgraded:

Corporate Family Rating, downgraded to B3 from B2

Probability of Default Rating to B3-PD, from B2-PD

-- $1,710 million Senior Secured Term Loan due 2023: to B2, LGD3
from B1, LGD3

-- $620 million Senior Unsecured Notes due 2024; to Caa2, LGD5
from Caa1, LGD5

Outlook Action:

-- Outlook is Stable

RATINGS RATIONALE

Cengage's ratings downgrade reflects Moody's expectation for low
single digit percentage declines in enrollment levels for U.S.
institutions of higher education, increased competition among
leading players as well as rental and used markets, and increased
competitive risk arising from open educational resources. Ratings
reflect the company's high leverage of 6.6x debt-to-cash EBITDA
(including Moody's standard adjustments and cash pre-publication
costs as an expense) for LTM ending December 31, 2016 and weak free
cash flow to debt of low single digits. Moody's expects leverage to
remain above 6x over the next 12-18 months, as Moody's expects that
larger front list in 2017 and stabilization in channel de-stocking
will not be sufficient to offset losses stemming from the secular
trends in the higher education industry. The company generated $376
million in cash EBITDA for LTM period through December 31, 2016, a
19% decline from $460 million in cash EBITDA during FY 2016
(including Moody's standard adjustments and cash pre-publication
costs as an expense). Free cash flow has also weakened materially
to $71 million from $151 million, with cash balance remaining
strong at $394.6 million.

The company has been successful at implementing its cost-saving
strategy, and is on track to achieve approximately $35mm in savings
for FY 2017 ending in March. Nevertheless, if revenue declines
continue, Cengage may need to reduce costs further, while
maintaining market share in an increasingly competitive
environment. Moody's remains concerned over the company's financial
policy, as management has returned approximately $300 million in
cash to shareholders over the past 12 months, and there is an
additional $110 million available for equity repurchases. In
addition, the company's board authorized up to $100 million for
repurchase of existing bonds in the market, which if exercised may
provide some progress towards de-levering.

Ratings could be downgraded if market conditions or competitive
pressures lead to Cengage being unable to improve its revenue or
EBITDA expectations resulting in debt-to-cash EBITDA increasing
above 7x (including Moody's standard adjustments and cash
prepublication costs as an expense) over the next 12 months.
Ratings could also be downgraded if additional debt funded
distributions lead to increased leverage or if liquidity were to
weaken due to significant revolver usage or free cash flow-to-debt
falling below low-single digit percentages.

Given the secular trends within the higher education market and
substantial leverage resulting from recent channel volatility, an
upgrade is unlikely in the near term. Over the longer term,
stabilization in U.S. enrollment levels and a stronger competitive
position against peers, rental and used providers, and open
educational resources could position the company for an upgrade.
This would also require that the company demonstrate revenue
stabilization and EBITDA growth resulting in debt-to-cash EBITDA
being sustained comfortably below 5x, and free cash flow to debt in
the high single digits. Maintaining good liquidity will also be
necessary.

The principal methodology used in these ratings was Global
Publishing Industry published in December 2011.

Cengage Learning, Inc. ("Cengage") is a provider of learning
solutions, software and educational services for the higher
education, research, school, career, professional, and
international markets. Cengage publishes college textbooks and
reference materials, and supplements its print publications with
digital solutions. The company emerged from Chapter 11 bankruptcy
protection in March 2014 with reduced debt levels. Large
shareholders currently include Apax Partners, KKR and Searchlight
Capital as well as other creditors who became shareholders upon
exit. Revenue for the last twelve months ended September 30, 2016
totaled $1.5 billion.



CHRIST'S HOUSEHOLD: Wants to Continue Using Cash Until May 31
-------------------------------------------------------------
Christ's Household of Faith, Inc., asks the U.S. Bankruptcy Court
for the District of Minnesota for authorization to continue using
cash collateral through May 31, 2017.

The Court had previously authorized the Debtor to use cash
collateral through February 28, 2017.

The Debtor's primary prepetiton financing consists of a series of
loans made by M&I Marshall & Ilsley Bank, which later became BMO
Harris, N.A., to the Debtor beginning in 2004.  The Debtor granted
to M&I Bank mortgages and assignments of rents on the commercial
property it owns in St. Paul, as well as on the 29 residential
properties it owns in St. Paul.  M&I Bank was also granted security
interests in the Debtor's existing and after-acquired inventory,
equipment, accounts and other rights to payment and intangibles,
among others.  The Prepetition Financing with M&I Bank is secured
by certain real and personal property collateral that was pledged
by related non-debtor entities, in addition to the Prepetition
Collateral pledged by the Debtor.

The Debtor later received  notice that the loan documents were sold
to LSREF2 Cobalt, LLC, and later transferred to LSREF2 Cobalt Trust
2013, and then to LSREF2 Cobalt (MN), LLC, collectively known as
Cobalt.

Cobalt commenced three separate actions in state court to foreclose
on the collateral securing the loans, which included the Debtor's
commercial property and 29 residential properties owned by the
Debtor that are the homes of Community members.  

The Debtor contends that despite extensive prepetition negotiation
efforts, the Debtor and Cobalt were unable to achieve a consensual
resolution.  The Debtor further contends that it has continued to
negotiate with Cobalt postpetition, and the Debtor believes that a
resolution with Cobalt has been reached, as outlined in its plan of
reorganization.

Cobalt asserts that as of April 6, 2016, the outstanding amount
owed by the Debtor for the Prepetition Financing totaled
$12,688,204.39.  Cobalt also asserts that it may be entitled to
additional postpetition interest, costs, charges, and other fees,
including attorney's fees.

The Debtor tells the Court that it owns other real property
separate from the Real Property Collateral.  The Debtor further
tells the Court that it has granted Maple Bank a mortgage on two
parcels of real property, and has granted to MidWestOne Bank a
mortgage on one other parcel of real property.  The Debtor says
that the properties subject to the Maple Bank and MidWestOne Bank
mortgages do not generate revenue.  The Debtor further says that it
does not believe that either Maple Bank or MidWestOne Bank holds an
interest in cash collateral.

The Debtor relates that it needs the cash collateral to pay for
expenses critical to the maintenance and preservation of a
commercial property that is among the secured lender's real
property collateral.  The Debtor further relates that the cash
collateral is expected to consist mainly of rental income from
leases of the commercial property.

The Debtor's proposed Budget covers the period Feb. 25, 2017
through June 2, 2017, and provides for total disbursements in the
amount of approximately $108,873.

The Debtor tells the Court that its other expenses – including
certain expenses related to supporting the approximately 470
members, including more than 200 children, who comprise the
apostolic faith community operated by the Debtor, as well as
certain expenses related to the commercial property that the Debtor
does not seek to pay using cash collateral – will be paid through
funds advanced by related non-debtor entities.

The Debtor asserts that Cobalt will be adequately protected with
respect to the Debtor's limited use of cash collateral, including
through the stable or appreciating value of its collateral, a
postpetition replacement lien, use of the cash to preserve Cobalt's
collateral, and reporting by the Debtor.

The Debtor's Motion is scheduled for hearing on February 22, 2017
at 9:00 a.m.  The deadline for the filing of objections to the
Debtor's Motion is set on February 17, 2017.

A full-text copy of the Debtor's Motion, dated February 8, 2017, is
available at
http://bankrupt.com/misc/ChristsHousehold2015_1534301_155.pdf

LSREF2 Cobalt (MN), LLC is represented by:

          Steven W. Meyer, Esq.
          David B. Galle, Esq.
          Joseph E. Winandy, Esq.
          FOX ROTHSCHILD LLP
          E-mail: smeyer@foxrothschild.com
                 dgalle@foxrothschild.com
                 jwinandy@foxrothschild.com

LSREF2 Cobalt, LLC can be reached at:

         LSREF2 COBALT, LLC
         ATTN: Officer of Managing, General,
         or Appointed Agent
         211 N Haskell Ave, Ste 1700
         Dallas, TX 75204

              About Christ's Household of Faith

Christ's Household of Faith, a St. Paul, Minnesota, religious sect,
is a community of nearly 500 members, including 200 children, who
divest their assets, live rent-free in houses owned by the church
and work unpaid for its businesses. It owns 32 residential
properties, 11 businesses, a church and a school has filed for
Chapter 11 bankruptcy, sparking concern among church members,
neighborhood residents and housing advocates.

Christ's Household of Faith, Inc. filed Chapter 11 bankruptcy
petition (Bankr. D. Minn. Case No. 15-34301) on Dec. 4, 2015.  The
petition was signed by Mark R. Alleman, chief financial
officer/treasurer.  Judge Gregory F Kishel has been assigned the
case.

The Debtor disclosed estimated assets of $10 million to $50 million
and estimated debts of $10 million to $50 million.

The Debtor has engaged Ryan Murphy, Esq., at Fredrikson & Byron PA
as counsel.


CIENA CORP: Egan-Jones Hikes Sr. Unsec. Debt Ratings to BB-
-----------------------------------------------------------
Egan-Jones Ratings, on Jan. 26, 2017, raised the senior unsecured
ratings on debt issued by Ciena Corp. to BB- from B+.

Ciena Corporation is a United States-based global supplier of
telecommunications networking equipment, software and services that
support the delivery and transport of voice, video and data
service.



CITYGOLF: Amends Plan to Provide More Info on Injunction Provisions
-------------------------------------------------------------------
CityGolf/Boston, LLC, on Feb. 7 filed with the U.S. Bankruptcy
Court for the District of Massachusetts a disclosure statement,
which explains its latest plan to exit Chapter 11 protection.

The document provides additional information regarding an
injunction contained in the plan against any person (corporate or
natural) or against that person's assignee with an allowed claim
being paid under the plan from interfering with CityGolf's ability
to perform.  

According to the disclosure statement, the provision includes a
prohibition against commencing or continuing actions against
corporate officers or insiders, including personal guaranty.

In particular, creditors will be enjoined from commencing or
continuing personal actions against Gary Parker, the company's
manager.  Mr. Parker gave personal guaranty of various debts,
including but not necessarily limited to Downtown Development, for
debts owed by CityGolf.

The plan also provides for payment in full, albeit over time, of
Downtown Development's administrative claim and for payment of its
pre-bankruptcy claim in a manner that does not discriminate against
other general unsecured claims, according to the latest disclosure
statement.

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

                    https://is.gd/BfX5Og

                   About CityGolf/Boston

CityGolf/Boston, LLC, is a Massachusetts limited liability
corporation.  Founded in 1997, CityGolf is an indoor practice
facility with, on the petition date, two locations in the heart of
downtown Boston.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. D.
Mass. Case No. 15-12578) on June 30, 2015, estimating its assets
and liabilities at up to $50,000 each.  David G. Baker, Esq.,
serves as the Debtor's bankruptcy counsel.


CLARK-CUTLER-MCDERMOTT: Unsecureds to Recoup 20%-367.8% Under Plan
------------------------------------------------------------------
Clark-Cutler-McDermott Company, et al., filed with the U.S.
Bankruptcy Court for the District of Massachusetts a disclosure
statement for their modified joint chapter 11 plan of liquidation,
dated Feb. 10, 2017.

This latest liquidating plan states that the Debtors entered into a
"Global Settlement" with the Official Committee of Unsecured
Creditors and General Motors LLC.  The Global Settlement
contemplates:

   (a) the substantive consolidation or merger of the Debtors and
certain non-Debtor affiliates;

   (b) an orderly liquidation of assets via a newly created
Liquidating Trust; and

   (c) a consensual "waterfall" of distributions to creditors.
Under this waterfall methodology, creditor recoveries will improve
to the extent that the Liquidating Trustee is successful in selling
assets at higher prices.

The Debtors estimate that, as of the Effective Date, the
Liquidating Trust will consist of assets with a recoverable value
of approximately $13.6 million, including Cash in the approximate
amount of $5 million for distribution to holders of Allowed
Claims.

Under the latest plan, each holder of an allowed Class 4 (General
Unsecured Claims) claim will receive a beneficial interest in the
Liquidating Trust entitling it to periodic Cash distributions under
the Global Settlement. Estimated recovery for this class is
20%-367.8%. This class is impaired.

Class 2 (GM Secured Claim) in the estimated allowed amount of
$7,500,000, is expected to recover 80% of the allowed amount.
Class 5 (GM General Unsecured Claim) in the estimated allowed
amount of $39,000,000 is expected to recover 0% of the allowed
amount.

On the Effective Date, the Liquidating Trust shall be created in
accordance with the Liquidating Trust Agreement and funded by the
Debtors' transfer to the Liquidating Trust of the Liquidating Trust
Assets. The Liquidating Trust shall be a newly-formed trust with no
prior assets or liabilities. The Liquidating Trustee shall serve as
the trustee of the Liquidating Trust.  

The distributions contemplated under the Plan will be derived from
the Debtors' Cash (including proceeds of the Sales) and proceeds of
any remaining assets, including Causes of Action.

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

         http://bankrupt.com/misc/mab16-14993-94.pdf

            About Clark-Cutler-McDermott Company

Automobile parts manufacturer Clark-Cutler-McDermott Company and
its subsidiary CCM Automotive Lafayette LLC filed chapter 11
petitions (Bankr. D. Mass. Lead Case No. 16-41188) on July 7,
2016.
The petitions were signed by James T. McDermott, CEO.
Hon. Christopher J. Panos presides over the case.

The Debtors are represented by Charles A. Dale, III, Esq., David
Mawhinney, Esq., and Mackenzie Shea, Esq., at K&L Gates LLP.

The Debtors each estimated assets of $10 million to $50 million
and
debt of $10 million to $50 million at the time of the chapter 11
filings.


CLARKE PROJECT: Court Allows Cash Collateral Use on Interim Basis
-----------------------------------------------------------------
Judge Theodor C. Albert of the U.S. Bankruptcy Court for the
Central District of California authorized Clarke Project Solutions,
Inc., to use cash collateral on an interim basis.

The Debtor was directed to provide to Cumming Construction
Management, Inc. monthly operating reports required to be submitted
to the Office of the United States Trustee, and monthly Budget
reports comparing the budgeted line items to actual collections and
expenses, within 25 days after the end of each month after the
Petition Date.

A further hearing on the use of cash collateral on a final basis
through May 31, 2017, is scheduled on March 22, 2017 at 10:00 a.m.
The deadline for the filing of any additional pleadings by the
Debtor or pleadings by way of Reply to any Opposition to the Motion
on behalf of the Debtor or on behalf of any party in interest is
set on March 15, 2017.

A full-text copy of the Order, dated Feb. 8, 2017, is available at

http://bankrupt.com/misc/ClarkeProject2017_817bk10402ta_33.pdf

              About Clarke Project Solutions

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

The Debtor has hired Dale K. Quinlain, Esq., at Quinlan Law
Corporation as special litigation counsel.



CLEARWATER PAPER: Moody's Affirms Ba2 Corporate Family Rating
-------------------------------------------------------------
Moody's Investors Service affirmed Clearwater Paper Corporation's
Ba2 corporate family rating (CFR) and Ba2-PD probability of default
rating, downgraded the senior unsecured notes rating to Ba3 from
Ba2 and lowered the speculative-grade liquidity rating to SGL-3
(adequate liquidity) from SGL-2 (good liquidity). The outlook
remains stable.

"The unsecured notes were downgraded because secured revolver has
been upsized" said Ed Sustar, Senior Vice President with Moody's.
"The liquidity rating was lowered as the company will further draw
on its revolver to fund a tissue expansion project", added Sustar.

Ratings Downgraded:

Issuer: Clearwater Paper Corporation

-- $275M Senior Unsecured Notes due 2023, Downgraded to Ba3 (LGD4)
from Ba2 (LGD4)

-- $300M Senior Unsecured Notes due 2025, Downgraded to Ba3 (LGD4)
from Ba2 (LGD4)

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

Outlook Actions:

Issuer: Clearwater Paper Corporation

-- Outlook, Remains Stable

Affirmations:

Issuer: Clearwater Paper Corporation

-- Probability of Default Rating, Affirmed Ba2-PD

-- Corporate Family Rating, Affirmed Ba2

RATINGS RATIONALE

Clearwater Paper Corporation's Ba2 corporate family rating reflects
strong North American market positions in the relatively stable
demand segments of private label tissue and high-end consumer paper
packaging, with expected adjusted leverage of about 4x over the
next 12 months as the company completes a new pulp digester and
builds a new tissue facility. The rating also reflects the
company's adequate liquidity and vulnerability to larger and
financially stronger tissue and paper packaging producers.

The Ba3 rating on the company's $575 million senior unsecured notes
are a notch below the CFR because they rank behind the $300 million
secured revolving credit facility (unrated).

Clearwater has adequate liquidity (SGL-3). The company has about
$180 million in liquidity sources to fund about $80 million of uses
in 2017. Sources are $23 million of cash (December 2016) and
availability of about $160 million under the company's new $300
million revolving credit facility that matures in October 2021.
Uses are $80 million of negative free cash flow in 2017, with no
debt maturities. The company will rely on its credit facility to
fund higher than normal near term capital expenditures related to
the completion of the company's $160 million continuous pulp
digester at the Lewiston, Idaho mill and start construction of a
$340 million tissue paper machine, related converting and
warehousing in Shelby, North Carolina. The revolving credit
facility contains a leverage covenant (Debt to EBITDA less than 4x)
that Moody's expects will have only a modest cushion. Clearwater
has no near term debt maturities, and its core debt (senior
unsecured notes) does not mature until 2023 and 2025.

The stable outlook reflects Moody's expectation that Clearwater's
leverage will peak in 2017 around 4x and then trend down towards
3.6x in 2018 as higher EBITDA from prior operational improvements
will offset lower product prices and higher debt used to fund the
tissue expansion, which is not expected to produce any EBITDA until
2019. Moody's sees both bleached paperboard and tissue prices
decreasing, given supply-side pressures on operating rates.

Factors that Could Lead to an Upgrade

-- (RCF-CapEx)/Adjusted Debt exceeds 10% (6% as of September 2016)
on a sustained basis

-- Debt to Adjusted EBITDA be sustained between 2.5 - 3.0x (2.8x
as of September 2016)

-- The company's liquidity position improves

Factors that Could Lead to a Downgrade

-- The company's liquidity position deteriorates

-- Debt to Adjusted EBITDA exceeds 4x (2.8x as of September 2016)
for a sustained period of time

The principal methodology used in these ratings was Global Paper
and Forest Products Industry published in October 2013.

Headquartered in Spokane Washington, Clearwater is a leading North
American producer of private label tissue products (approximately
48% of EBITDA) and bleached paperboard (52%) with sales of about
$1.7 billion.



CLIFFS NATURAL: George Connell Ceases to be 5% Shareholder
----------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, George W. Connell reported that as of Feb. 1, 2017, he
has ceased to be the beneficial owner of more than 5 percent of
shares of common stock of Cliffs Natural Resources, Inc.  A
full-text copy of the regulatory filing is available for free at:

                       https://is.gd/qaw84V

                    About Cliffs Natural Resources

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

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

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

As of Sept. 30, 2016, Cliffs Natural had $1.77 billion in total
assets, $3.17 billion in total liabilities and a $1.40 billion
total deficit.

                          *    *     *

As reported by the TCR on Feb. 14, 2017, Moody's Investors Service
upgraded Cliffs Natural Resources Inc.'s Corporate Family Rating
(CFR) and Probability of Default Rating to B2 and B2-PD from Caa1
and Caa1-PD, respectively, and assigned a B3 rating to the new
senior unsecured guaranteed notes.  The upgrade follows the
company's announcement of a $500 million senior unsecured
guaranteed note issuance and an approximate $590 million equity
issuance.

In February 2017, S&P Global Ratings said it raised its long-term
corporate credit rating on Cliffs Natural Resources Inc. to 'B'
from 'CCC+' after the company announced a $591 million equity
issuance and the tender offer for high-cost debt.  The outlook is
stable.


CLIFFS NATURAL: State Street Holds 3.47% Stake as of Dec. 31
------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, State Street Corporation disclosed that as of Dec. 31,
2016, it beneficially owns 8,008,642 shares of common stock of
Cliffs Natural Resources Inc. representing 3.47 percent of the
shares outstanding.  A full-text copy of the regulatory filing is
available for free at https://is.gd/qeGOBN

                     About Cliffs Natural Resources

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

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

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

As of Sept. 30, 2016, Cliffs Natural had $1.77 billion in total
assets, $3.17 billion in total liabilities and a $1.40 billion
total deficit.

                          *    *     *

As reported by the TCR on Feb. 14, 2017, Moody's Investors Service
upgraded Cliffs Natural Resources Inc.'s Corporate Family Rating
(CFR) and Probability of Default Rating to B2 and B2-PD from Caa1
and Caa1-PD, respectively, and assigned a B3 rating to the new
senior unsecured guaranteed notes.  The upgrade follows the
company's announcement of a $500 million senior unsecured
guaranteed note issuance and an approximate $590 million equity
issuance.

In February 2017, S&P Global Ratings said it raised its long-term
corporate credit rating on Cliffs Natural Resources Inc. to 'B'
from 'CCC+' after the company announced a $591 million equity
issuance and the tender offer for high-cost debt.  The outlook is
stable.


CLIFFS NATURAL: Vanguard Group Has 7.25% Stake as of Dec. 31
------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, The Vanguard Group disclosed that as of Dec. 31, 2016,
it beneficially owns 16,724,462 shares of common stock of Cliffs
Natural Resources representing 7.25 percent of the shares
outstanding.

Vanguard Fiduciary Trust Company, a wholly-owned subsidiary of The
Vanguard Group, Inc., is the beneficial owner of 249,823 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 24,617 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/QmPPnD




                  About Cliffs Natural Resources

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

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

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

As of Sept. 30, 2016, Cliffs Natural had $1.77 billion in total
assets, $3.17 billion in total liabilities and a $1.40 billion
total deficit.

                          *    *     *

As reported by the TCR on Feb. 14, 2017, Moody's Investors Service
upgraded Cliffs Natural Resources Inc.'s Corporate Family Rating
(CFR) and Probability of Default Rating to B2 and B2-PD from Caa1
and Caa1-PD, respectively, and assigned a B3 rating to the new
senior unsecured guaranteed notes.  The upgrade follows the
company's announcement of a $500 million senior unsecured
guaranteed note issuance and an approximate $590 million equity
issuance.

In February 2017, S&P Global Ratings said it raised its long-term
corporate credit rating on Cliffs Natural Resources Inc. to 'B'
from 'CCC+' after the company announced a $591 million equity
issuance and the tender offer for high-cost debt.  The outlook is
stable.


COBALT INT'L: Vanguard Group Reports 6.6% 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 27,800,348 shares of common stock of Cobalt
International Energy Inc. representing 6.66 percent of the shares
outstanding.

Vanguard Fiduciary Trust Company, a wholly-owned subsidiary of The
Vanguard Group, Inc., is the beneficial owner of 441,623 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 34,900 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/BeDNIB

                         About Cobalt

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

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

                         *     *     *

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


COBALT INTERNATIONAL: Hotchkis and Wiley Reports 15% Equity Stake
-----------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Hotchkis and Wiley Capital Management, LLC disclosed
that as of Dec. 31, 2016, it beneficially owns 62,894,088 shares of
common stock of Cobalt International Energy, Inc., representing
15.07 percent of the shares outstanding.  A full-text copy of the
regulatory filing is available for free at https://is.gd/3QSGL0

                           About Cobalt

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

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

                         *     *     *

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


CONFIRMATRIX LABORATORY: Needs Until July 2 to File Chapter 11 Plan
-------------------------------------------------------------------
Confirmatrix Laboratory, Inc. requests the U.S. Bankruptcy Court
for the Northern District of Georgia to extend by 120 days the
Debtor's exclusive periods to file a plan and solicit acceptances
to such plan, to July 2, 2017 and October 30, 2017, respectively.

The Debtor relates that since the Petition Date, it has been
restructuring its business to reduce and refocus the level and
nature of toxicology services it provides and to increase the blood
testing side of the business. This change is due to unanticipated
changes in the Medicare law relating to lab services
reimbursements. As such, the Debtor, with the Court's approval, has
been selling assets and equipment relate to the toxicology side of
its business, as part of this restructuring process.

Among other things, the Debtor contends that it has made several
developments in its case:

       (a) The Debtor has successfully satisfied in full SunTrust
Equipment Finance & Leasing Corp.'s claim which, as of Petition
Date, was approximately $365,599.

       (b) The Debtor has also reduced SunTrust Bank's $4 million
principal line of credit claim by approximately $1.5 million.

       (c) The Debtor continues to actively market its excess
assets for sale and reasonably expects additional sale and
subsequent reduction in the amount owed to SunTrust.

       (d) The Debtor has also taken steps to increase its revenue
by retaining a collection company, NYX Health Recovery Services,
LLC to pursue aged accounts receivable, which are expected to start
coming at the end of February 2017 and beginning of March 2017. NYX
Health Recovery has projected that recoveries over the next 12
months could exceed $4 million.

       (e) Contemporaneously with its Exclusivity Motion, the
Debtor has also filed a motion to set a bar date promptly with a
proposed bar date before the expiration of the requested
extension.

The Debtor contends that all of these ongoing activities will
provide the Debtor with a clearer picture as to the universe of its
secured and unsecured claims and available restructuring routes.
However, the Debtor further contends that it needs the extension to
allow sufficient time to pass to see the actual results of these
changes because these changes have only recently been implemented.

                     About Confirmatrix Laboratory

Confirmatrix Laboratory, Inc. is a laboratory business focused on
toxicology and blood testing. The Debtor's principal place of
business is located at 1770 Cedars Road, Suite 200, Lawrenceville,
Gwinnett County, GA 30045.

Confirmatrix Laboratory, Inc., based in Lawrenceville, GA, filed a
Chapter 11 petition (Bankr. N.D. Ga. Case No. 16-69934) on November
4, 2016.  The petition was signed by Ann B. Durham, CEO.  William
J. Boone, Esq., at James Bates Brannan Groover, LLP, serves as
bankruptcy counsel.  In its petition, the Debtor estimated $1
million to $10 million in both assets and liabilities.

The Debtor employs Marvin H. Willis and Smith & Howard, P.C. as its
accountant.


COOPER INC: Sedgwick County's Bid for Relief From Stay Granted
--------------------------------------------------------------
Judge Dale L. Somers of the United States Bankruptcy Court for the
District of Kansas granted Sedgwick County's motion for relief from
the automatic stay imposed in the Chapter 11 case of Cooper, Inc.

Prior to the filing of the Debtor's voluntary Chapter 11 petition
on July 5, 2016, the Board of County Commissioners of Sedgwick
County, Kansas, commenced a tax lien foreclosure case in the
Sedgwick County District Court in which it sought to sell a parcel
of land owned by Cooper.  After a judgment was entered and the
property was sold, but before the sale was confirmed or the deed
was issued, Cooper filed a motion to set aside the sale.  After a
hearing at which the district court orally denied the motion,
Cooper filed its petition in the bankruptcy court.

Sedgwick County moved for relief from stay to allow the Sedgwick
County District Court to enter a proposed "Journal Entry Denying
Defendant Cooper, Inc.'s Motion to Set Aside Default Judgment and
Sheriff's Sale as to Parcel No. 161," and order the disbursement of
the sale proceeds.

Judge Somers granted the County's motion for relief from stay
because when the bankruptcy petition was filed, Cooper's interest
in the property was not sufficient to warrant stay protection.  The
judge found that on the date of filing, Cooper's right to redeem
the property had expired.  Because Cooper's interest in the
property was limited to bare legal title and possession subject to
the rights of the purchaser at the foreclosure sale, the judge
found that cause for relief from stay under section 362(d)(1)
exists.

A full-text copy of Judge Feeney's February 3, 2017 memorandum is
available at:

     http://bankrupt.com/misc/ksb16-11235-68.pdf

          About Cooper, Inc.

Cooper, Inc. filed a Chapter 11 bankruptcy petition (Bankr. D.Kan.
Case No. 16-11235) on July 5, 2016.  Michael J. Studtmann, Esq.,
at
Law Offices of Michael Studtmann as bankruptcy counsel.

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

The Debtor tapped Benjamin E. Wilson of Adams, Brown, Beran & Ball,
as accountant.


CORWIN PLACE: Chapter 11 Plan Filed, Disclosure Hearing on March 7
------------------------------------------------------------------
Judge Patrick M. Flatley of the U.S. Bankruptcy Court for the
Northern District of West Virginia denied Corwin Place, LLC's
Motion to Extend Exclusivity Period for Filing a Chapter 11 Plan
and Disclosure Statement as moot.

Early in February, the Debtor delivered to the Court a Chapter 11
Small Business Plan and Disclosure Statement.

On Feb. 13, the Court entered an order to reschedule for March 7,
2017, at 10:00 a.m. the hearing to approve the Disclosure
Statement.  Objections to the adequacy of the Disclosure Statement
are due March 3.

The Troubled Company Reporter had earlier reported that the Debtor
asked the Court to extend its exclusive period to February 13,
2017, as it was still attempting to procure buyers for its real
estate. The Debtor related that it had negotiated a letter of
intent with a potential purchaser conditioned on the repair of a
defect of the property.  

The Debtor also related that Premier Bank had recently filed a
Motion for Relief from Stay regarding the Debtor's real property,
and that the resolution of that Motion will materially affect the
Debtor's Plan of Reorganization.

                About Corwin Place, LLC

Corwin Place LLC filed a chapter 11 petition (Bankr. W.D. Pa. Case
No. 16-21861) on May 16, 2016.  The petition was signed by Charles
Corwin, managing member.  On July 24, 2016, the Hon. Thomas P
Agresti transferred the venue of the case to Northern District of
West Virginia (Bankr. N.D. W.Va. Case No. 16-00750).  The PAWB
bankruptcy case was closed on July 27, 2016.

The Hon. Patrick M Flatley of the Northern District of West
Virginia presides over the case.

The Debtor is represented by Robert O. Lampl, Esq., at Robert O
Lampl, Attorney at Law.  The Debtor estimated assets and
liabilities at $500,001 to $1 million at the time of the filing.


CUSTOM SOFTWARE: Hires Warner Norcross & Judd as Attorneys
----------------------------------------------------------
Custom Software, Inc., and its debtor-affiliates seek permission
from the U.S. Bankruptcy Court for the Eastern District of Michigan
to employ Warner Norcross & Judd LLP as attorneys under general
retainer.

The Debtors require WNJ to:

     a. present applications and proposed orders to be submitted to
the Court;

     b. identify and prosecute claims and causes of action
assertable by the Debtors on behalf of the estate herein;

     c. advise the Debtors and prepare documents in connection with
the reorganization of the estate, including analysis and collection
of outstanding receivables;

     d. assist and advise the Debtors in performing its other
official functions as set forth in Section 1107 of the Bankruptcy
Cide

     e. assist in obtaining credit, negotiation of sale of assets,
arrange adequate protection, and negotiate a plan of
reorganization;

     f. review and investigate records and research law on various
issues; and

     g. other service necessary and reasonable for an effective
administration of the estate.

The Debtors will compensate WNJ at $400 per hour.

Rozanne M. Giunta, Esq., partner in the  law firm of Warner
Norcross & Judd 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.

WNJ be reached at:

      Rozanne M. Giunta, Esq.
      Warner Norcross & Judd LLP
      715 E. Main Street, Suite 110
      Midland, MI 48640
      Tel: (989)698-3758
      E-mail: rguinta@wnj.com

                    About Custom Software

Custom Software, Inc. -- dba M33 Access, TWD Communications,
Net4Kids.com, Inc. -- based in Rose City, Mich., filed a Chapter 11
petition (Bankr. E.D. Mich. Case No. 16-20173) on February 5, 2016,
listing $100,000 to $500,000 in assets and $1 million to $10
million in liabilities.  Judge Daniel S. Opperman presides over the
case.  Rozanne M. Giunta, Esq., at LAMBERT LESER, ATTORNEYS AT LAW,
serves as counsel to the Debtor.  The petition was signed by Glenn
A. Wilson Sr., president.



DAKOTA PLAINS: Court Approves PSA with World Fuel Services
----------------------------------------------------------
BankruptcyData.com reported that the U.S. Bankruptcy Court approved
Dakota Plains Holdings' assumption of a plan support agreement
(PSA). As previously reported, "The PSA is the product of
extensive, arm's-length, good faith negotiations between the
Debtors and World Fuel Services WFS. The following is a summary of
the key terms of the PSA: The Debtors agree and stipulate that WFS
shall be entitled to an allowed, general unsecured, non-priority
and liquidated claim in the amount of $15,000,000 against the
Debtors' collective estates, without offset, objection, defense or
counterclaim, the 'Settled Claim'. Specifically, the PSA resolves
multiple claims between the Debtors and the WFS Entities, which
will eliminate significant costs of the Debtors' estates. It also
guarantees support of its sale process by one of the Debtors'
largest creditors. As a result, the Debtors' efforts will be
focused on a successful sale process and maximizing value for their
creditors instead of costly litigation over competing claims with
the WFS Entities. Finally, assumption of the PSA will not create
any new claims against the estate. It will simply liquidate the
claims of the WFS Entities at a significant discount from amounts
alleged by the WFS Entities."

              About Dakota Plains Holdings, Inc.

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

Dakota Plains Holding and six of its wholly owned subsidiaries
filed voluntary Chapter 11 petitions (Bankr. D. Minn. Lead Case No.
16-43711) on Dec. 20, 2016, initiating a process intended to
preserve value and accommodate an eventual going-concern sale of
Dakota Plains' business operations. The petitions were signed by
Marty Beskow, CFO. The cases are assigned to Judge Michael E.
Ridgway.

At the time of the filing, Dakota Plains Holdings disclosed $3.08
million in assets and $75.38 million in liabilities.

Baker & Hostetler LLP has been tapped as the Debtors' legal
counsel.  Ravich Meyer Kirkman McGrath Nauman & Tansey, A
Professional Association serves as co-counsel.  Canaccord Genuity
Inc. serves as the Debtors' financial advisor and investment
banker, Carlson Advisors as accountant, James Thornton as special
purpose counsel, and Whitley Penn LLP as auditor.

The U.S. Trustee has been unable to appoint an official unsecured
creditors committee.

                             *   *   *

On January 27, 2017, the Bankruptcy Court approved the Debtors'
stalking horse agreement with BioUrja Trading, LLC for the sale of
substantially all of the Debtors' assets for $10.85 million.


DEXTERA SURGICAL: Broadfin Reports 9.9% Stake as of Dec. 31
-----------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Broadfin Capital, LLC, Broadfin Healthcare Master Fund,
Ltd., and Kevin Kotler disclosed that as of Dec. 31, 2016, they
beneficially own 898,053 shares of common stock of Dextera
Surgical, Inc. representing 9.99 percent of the shares outstanding.
A full-text copy of the regulatory filing is available for free at
https://is.gd/owkD9f

                  About Dextera Surgical Inc.

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

Dextera reported a net loss of $15.98 million in 2015, a net loss
of $19.18 million in 2014 and a net loss of $16.96 million in
2013.  As of Dec. 31, 2016, Dextera had $8.86 million in total
assets, $8.45 million in total liabilities and $418,000 in total
stockholders' equity.

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


DEXTERA SURGICAL: Incurs $3.63 Million Net Loss in Second Quarter
-----------------------------------------------------------------
Dextera Surgical Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $3.63 million on $799,000 of total net revenue for the three
months ended Dec. 31, 2016, compared to a net loss of $4.08 million
on $700,000 of total net revenue for the same period in 2015.

For the six months ended Dec. 31, 2016, the Company reported a net
loss of $7.59 million on $1.26 million of total net revenue
compared to a net loss of $8.72 million on $1.45 million of total
net revenue for the six months ended Dec. 31, 2015.

As of Dec. 31, 2016, Dextera had $8.86 million in total assets,
$8.45 million in total liabilities and $418,000 in total
stockholders' equity.

"As of December 31, 2016, our accumulated deficit was $213.3
million and we had cash, cash equivalents and short-term
investments of $5.8 million, with $4.0 million debt principal
outstanding.  As of June 30, 2016, we had cash, cash equivalents,
and short-term investments of $12.7 million, with $4.0 million debt
principal outstanding.  We currently invest our cash, cash
equivalents and short-term investments primarily in money market
funds, commercial paper and corporate debt securities.  Since
inception, we have financed our operations primarily through
private and public sales of convertible preferred stock, long-term
notes payable, public and private sales of common stock, warrants
to purchase common stock and license or collaboration agreements

"On September 2, 2011, we entered into a Distribution Agreement
with Century, with respect to distribution of our planned
microcutter products in Japan.  Additionally, Century loaned us
$4.0 million. In 2014, the loan was extended by two years to
September 30, 2018.  In return for the loan commitment, we granted
Century distribution rights to our planned microcutter product line
in Japan, and a right of first negotiation for distribution rights
in Japan to future products.  Century is responsible for securing
regulatory approval from the Ministry of Health in Japan for the
microcutter product line.  After approval for marketing in Japan,
we would sell microcutter products to Century, who would then sell
them to their customers in Japan.

"Under this facility, we received $4.0 million in 2011.  The note,
as amended, bears 5% annual interest which is payable quarterly in
arrears on the last business day of March, June, September and
December of each year through September 30, 2018, the maturity date
when the total $4.0 million of principal becomes due. Proceeds from
the note and granting the distribution rights were allocated to the
note based on its aggregate fair value of $2.4 million at the dates
of receipt.  This fair value was determined by discounting cash
flows using a discount rate of 18%, which we estimated approximated
a market rate of return on debt financing that could be obtained by
companies with credit risk similar to us.  The remainder of the
proceeds of $1.6 million, and the additional $0.5 million due to
the two years extension, were allocated to the value of the
distribution rights granted to Century under the Distribution
Agreement and is included in deferred revenue.  The deferred
revenue will be recognized on a straight-line basis over the term
of the Distribution Agreement, beginning upon the first sale by
Century of the microcutter products in Japan which had not occurred
as of December 31, 2016. In 2015, Century received approvals to
market the MicroCutter XCHANGE 30 and reloads, but intends to wait
until we release the MicroCutter 5/80 to Century and Century will
need to file additional regulatory approvals with the Ministry of
Health to market the MicroCutter 5/80 in Japan.

"In August 2016, Century asserted that we had an obligation to
repay Century's loan in the amount of $4.0 million within ten days
of receiving net proceeds from financing of over $44.0 million in
April 2014, notwithstanding that we entered into an agreement with
Century in July 2014 to extend the due date to September 30, 2018.
Century further has asserted that we owe Century penalty interest
at the incremental rate of 7% per annum, but has offered to waive
it if we immediately repay the loan.  Such interest would amount to
$0.8 million as of December 31, 2016.  We do not agree with
Century's assertions and are currently in discussions with Century
to resolve this matter." the Company stated in the report.

"Our continuation as a going concern is contingent upon our ability
to raise financing.  Our plans may be adversely impacted if we fail
to raise financing.  We may resort to contingency plans to make
these needed cost reductions upon determination that funds will not
be available in a timely matter.  These contingency plans include
consolidating certain functions or disposing of non-core or
underperforming assets.  However, there can be no assurance that we
will be able to raise such funds.  Failure to obtain future funding
on acceptable terms would adversely affect our ability to fund
operations and continue as a going concern.  These matters raise
substantial doubt about our ability to continue in existence as a
going concern," the Company added.

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

                       https://is.gd/7ofx1m

                    About Dextera Surgical Inc.

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

Dextera reported a net loss of $15.98 million in 2015, a net loss
of $19.18 million in 2014 and a net loss of $16.96 million in
2013.

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


DUKE FINANCE: Moody's Lowers Corporate Family Rating to B3
----------------------------------------------------------
Moody's Investors Service downgraded Duke Finance, LLC's Corporate
Family Rating (CFR) to B3 from B2, Probability of Default Rating
(PDR) to B3-PD from B2-PD and downgraded its new $475 million
(upsized from $425 million) senior secured 1st Lien Term Loan due
2024 to B2 from B1. Concurrently, Moody's downgraded the $75
million senior secured revolving credit facility to B2 from B1 as a
result of the upsizing of its term loan. Proceeds from the debt
issuance along with the proceeds from the sale of its Borchers
business are to fund a special dividend totaling approximately $160
million (previously $110 million was anticipated) to the company's
sponsor Apollo Global Management and refinance the $450 million
term loan due 2021. The rating outlook remains stable.

The following ratings were downgraded:

Issuer: Duke Finance, LLC:

Corporate Family Rating, to B3 from B2;

Probability of Default, to B3-PD from B2-PD.

$75 million senior secured revolving credit facility due 2020, to
B2 (LGD3) from B1 (LGD3),

$475 million (upsized from $425 million ) senior secured 1st Lien
Term Loan due 2024, to B2 (LGD3) from B1 (LGD3).

There was no action on the debt instruments that are being
refinanced:

$450 million senior secured first lien term loan due 2021 (Ba3
LGD2),

$125 million senior secured 2nd lien term loan due 2022 (B3,
LGD5).

The ratings outlook is stable.

RATINGS RATIONALE

The downgrade of CFR and PDR by one notch to B3 and B3-PD as well
as the downgrade of the of senior secured first lien term loan to
B2 (one notch above the CFR) reflects the upsized $50 million
dividend resulting in higher debt from a $475 million term loan
(upsized from $425 million). The term loan benefits from its senior
position along with the secured revolver and the support provided
by the unsecured obligations. The downgrade of the CFR weighs
heavily on the company's aggressive financial policy as evidenced
by the $50 million upsizing in the first lien term loan and use of
proceeds that are almost entirely to increase the size of its
dividend. The company's ratings also reflects the sale of its
Borchers division which reduced EBITDA by approximately 20% and
increased its business concentration in the remaining two
businesses. Increased concentration is a ratings negative with
Moody's forecasted Debt-to-EBITDA at approximately 6.4x for 2017.

The company's liquidity reflects Moody's belief that Duke Finance
will have adequate liquidity over the next 12-18 months. The
company has no borrowings on its $75 million revolver and has
significant operations overseas that can be sold to raise cash. The
company is expected to have approximately $25 million of cash on
the balance sheet after the refinancing and dividend and is
expected to be free cash flow positive by 2018. There are no near
term maturities.

The stable outlook is supported by Duke Finance's focus on
improving already strong margins for the rating, good interest
coverage, and Moody's view that the company has an adequate
liquidity profile. Moody's also believe that the company is
committed to expense reduction and will likely cut costs more
aggressively if sales weakened.

The ratings could be pressured downward if leverage were to
increase and expected to be sustained over 6.5x or if EBITDA
margins were to anticipated to erode. Cost control is important due
to slow organic revenue growth and lack of cost reduction progress
could pressure the rating.

The ratings are unlikely to be upgraded over the near term. The
ratings could be upgraded if the company reduces debt-to-EBITDA
leverage to under 5.75x on a sustainable and Moody's adjusted
basis. Successful execution of cost cutting initiatives are
expected to provide positive traction for the company to improve
profitability and enhance its free cash flow generation.

Duke Finance, a subsidiary of VECTRA, is a technology-driven
diversified industrial company serving attractive global markets,
including automotive systems, aerospace, industrial and renewable
energy. The company uses innovative technologies to address
customers' complex applications and demanding requirements.
Headquartered in Cleveland, Ohio, the company operates
manufacturing facilities in the Americas, Europe and Asia.

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

Duke Finance, a subsidiary of VECTRA, is a technology-driven
diversified industrial company serving attractive global markets,
including automotive systems, aerospace, industrial and renewable
energy. The company uses innovative technologies to address
customers' complex applications and demanding requirements. Annual
revenues are anticipated to be over $600 million. Headquartered in
St. Louis, Missouri, the company operates manufacturing facilities
in the Americas, Europe and Asia.



EIDOLON BRANDS: ExWorks Capital Fund I Loan on Interim Basis OK
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas
authorized Eidolon Brands, LLC and Ben Hogan Golf Equipment
Company, LLC, to use cash collateral and obtain postpetition
financing from ExWorks Capital Fund I, L.P., on an interim basis.

The Court acknowledged that the Debtors need to use cash collateral
and to obtain the post-petition loan in order to prevent immediate
and irreparable harm to its bankruptcy estate and minimize
disruption to avoid the termination of its business operations.
The Court further acknowledged that without authority to use cash
collateral and obtain financing, the Debtors will be unable to meet
their postpetition obligations.

The Debtors owe ExWorks Capital Fund I $2,362,327 as of the
Petition Date.  The obligation is secured by a first priority
security interest in all of the Debtors' existing and
after-acquired assets and their proceeds.  

ExWorks Capital Fund I is is willing to provide the Debtors with
post-petition financing in the amount of up to $1,374,000, less the
amount of the cash held by the Debtors at the time of filing, with
the funding to be used by the Debtors for, among other things,
funding day-to-day operations, manufacturing and selling Debtors'
inventory, and engaging in a sale process for all or substantially
all of the Debtors' assets pursuant to a plan of reorganization or
a sale under Section 363 of the Bankruptcy Code.

The Court held that the postpetition loan will accrue interest at a
fixed rate of 4.75% per annum prior to the occurrence of an Event
of Default, and at a fixed rate of 6.75% per annum from and after
the occurrence of an Event of Default.

The post-petition loan will be due on the earliest of:

     (a) June 1, 2017;

     (b) the occurrence of an Event of Default; or

     (c) the effective date of any confirmed plan of reorganization
or liquidation.

At any time after 60 days from the Petition Date, ExWorks Capital
Fund I can terminate its consent to the use of cash collateral and
its agreement to make further post-petition loan advances, after
giving the Debtors and any appointed creditors' committee a written
notice 15 days in advance.

The post-petition obligations were granted super-priority
administrative expense status, with priority over all costs and
expenses of administration of the Chapter 11 cases, subject to the
Carve-Out.

ExWorks Capital Fund I was granted a first priority lien and
security interest in the existing collateral junior in priority
only to the existing liens, and a first priority lien and security
interest in the post-petition collateral, subject only to the
Carve-Out.

As adequate protection for the Debtors' use of prepetition cash
collateral, ExWorks Capital Fund I was granted replacement liens
and security interests in and liens upon all post-petition
collateral to the same extent, validity, and priority as the
security interests held by ExWorks Capital Fund I in the
prepetition collateral as of the Petition Date, subject to the
Carve-Out.

The Carve-Out consists of:

     (1) all fees required to be paid to the Clerk of the Court and
to the U.S. Trustee under 28 U.S.C. Section 1930(a) plus interest
pursuant to 31 U.S.C. Section 3717; and

     (2) to the extent allowed by the Bankruptcy Court at any time,
and subject to the professional fee amounts in the Budget, all
accrued and unpaid fees, disbursements, costs and expenses of
professionals or professional firms retained by the Debtors and any
official committee of creditors appointed by the Court in the
Chapter 11 Cases accrued or incurred at any time before or on the
Termination Date or the date of a Default Termination, whether
allowed by the Court prior to or after the Termination Date or
delivery of the Termination Date or the date of a Default
Termination, less any unused retainers received by any such
professionals or professional firms and unapplied as of the
Petition Date plus fees, costs, and expenses incurred by the
aforementioned professionals after the date of any Default
Termination Date in an amount not to exceed $25,000 in the
aggregate.

The approved Budget provides for total expenses in the amount of
$192,777, for a two-week period consisting of the weeks of February
3, 2017 and February 10, 2017.

A full-text copy of the Interim Order, dated Feb. 8, 2017, is
available at
http://bankrupt.com/misc/EidolonBrands2017_40300rfn11_29.pdf

A full-text copy of the Approved Budget, dated Feb. 8, 2017, is
available at
http://bankrupt.com/misc/EidolonBrands2017_1740300rfn11_29_1.pdf

                 About Eidolon Brands, LLC

Eidolon Brands, LLC, and Ben Hogan Golf Equipment Company, LLC,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
N.D. Tex. Case Nos. 17-40300 and 17-40301) on Jan. 28, 2017.  The
petitions were signed by Scott White, chief executive officer.  
The Debtors are represented by Hunter Brandon Jones, Esq. and John
Y. Bonds, Esq., at Bonds Ellis Eppich Schafer Jones LLP.  The case
is assigned to Judge Russel F. Nelms.  At the time of the filing,
the Debtors estimated their assets and liabilities at $1 million to
$10 million.


ENDLESS SALES: Wants To Use BBVA Compass' Cash Collateral
---------------------------------------------------------
Endless Sales, Inc., sought permission from the U.S. Bankruptcy
Court for the District of Colorado to use cash collateral until
March 5, 2017.

In July 2013, the Debtor entered into a loan agreement with BBVA
Compass.  The Debtor subsequently entered into a second loan
transaction with Compass in May 2014, and a third loan with Compass
in October 2014.  As of the Petition Date, the Debtor's books and
records indicated that the total amount owed to Compass on account
of its secured loans is $685,553.  The indebtedness owed to Compass
is secured by a first position lien on substantially all of the
Debtor's assets, including its inventory, accounts receivable,
cash, and accounts.  

The income generated by the Debtor is cash collateral which Compass
has an interest as a secured creditor.  Compass' secured interest
will be adequately protected in the Debtor's ongoing replacement of
its cash, and by the value of the Debtor's inventory and equipment.
The Debtor believes that Compass is oversecured by the value of
the Debtor's assets.

To provide adequate protection for the Debtor's use of cash
collateral to Compass, the Debtor proposes to:

     a. provide a replacement lien on all postpetition accounts
        and to the extent that the use of cash collateral results
        in a decrease in the value of the collateral;

     b. maintain adequate insurance coverage on all personal
        property and adequately insure against any potential loss;

     c. provide to Compass all periodic reports and information
        filed with the Court, including debtor-in-possession
        reports;

     d. only expend cash collateral pursuant to a budget subject
        to reasonable fluctuation by no more than 15% for each
        expense line item per month;

     e. pay all postpetition taxes; and

     f. retain in good repair all collateral in which compass has
        an interest.

The Debtor assures the Court that while it is showing a negative
net revenue, the Debtor is reinveting a substantial amount of its
income into its inventory which continues to secure Compass'
collateral base.  The Debtor will be replacing its cash, and cash
equivalents in the course of its daily operations.  The Debtor
believes that the value of the assets are stable as long as the
Debtor continues to operate.  Therefore, the collateral base will
remain stable.

Without the use of cash collateral, the Debtor will have
insufficient funding for business operations.  The Debtor's use of
cash collateral during the interim period is necessary to avoid
immediate and irreparable harm to the estate.  With the use of cash
collateral, the Debtor will not be able to pay employees, vendors,
and other costs associated with operating its business.  In
particular, the Debtor is dependent upon its employees and its
inventory.  Without the ability to pay its employees on an ongoing
basis, the Debtor not be able to sustain its operations.
Additionally, without the ability to continually replenish its
inventory, the Debtor will have no ability to continue its sales.

The use of cash collateral is in the best interest of the Debtor,
its creditors and the estate as it will allow the Debtor to
maintain its ongoing business operations, allow the Debtor to
generate revenue, and provide the Debtor with an opportunity to
propose a meaningful plan.

The Debtor requests authority to extend the budgeted cash
collateral use periodically by agreement with Compass.

A copy of the cash collateral motion and the budget is available at
http://bankrupt.com/misc/cob17-11037-4.pdf

Endless Sales, Inc. dba Discount Forklift buys and sells forklifts
in Denver, Colorado.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. D.
Colo. Case No. 17-11037) on Feb. 13, 2017.

The Debtor's bankruptcy counsel can be reached at:

     Jeffrey S. Brinen, Esq.
     Keri L. Riley, Esq.
     KUTNER BRINEN, P.C.
     1660 Lincoln Street, Suite 1850
     Denver, CO 80264
     Tel: (303) 832-2400
     Fax: (303) 832-1510
     E-mail: klr@kutnerlaw.com


ENERGY FUTURE: Begins Plan Confirmation Hearing with Key Deal
-------------------------------------------------------------
The American Bankruptcy Institute, citing Tom Hals of Reuters,
reported that Dallas-based Energy Future Holdings Corp outlined a
deal that resolved the biggest disputes hanging over the company as
it opened a trial to confirm its plan to exit bankruptcy and be
acquired by NextEra Energy Inc. for about $18 billion.

According to the report, Chad Husnick, Esq. --
chad.husnick@kirkland.com -- at Kirkland & Ellis, a lawyer for
Energy Future told the court at the start of the hearing on Feb. 14
that its noteholders had agreed to a discount of what they were
owed to settle a dispute that erupted in the wake of a November
ruling by the U.S. Court of Appeals for the Third Circuit.

To recall, the Third Circuit had ruled that the company owed
noteholders hundreds of millions of dollars in unanticipated
payments for the early redemption of their securities, upsetting a
prior exit plan.

The Reuters report said that Energy Future's lawyer told the court
the first-lien noteholders agreed to accept a 5 percent discount of
the early redemption payment and second-lien noteholders agreed to
a 12.5 percent discount.  That freed up cash for junior creditors,
the report pointed out.

                      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.

Wilmer Cutler Pickering Hale and Dorr, LLP, Ropes & Gray LLP, Cole
Schotz P.C., and Drinker Biddle & Reath represent Delaware Trust
Company fka CSC Trust Company of Delaware, as successor indenture
trustee to Bank of New York Mellon, N.A., in an indenture agreement
under which 10% Senior Secured Notes Due 2020 were issued, and in
an indenture agreement under which 6.875% Senior Secured Notes Due
2017 were issued.

                          *     *     *

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.


ENERGY FUTURE: Has Tentative Pact Resolving Secured Noteholders Row
-------------------------------------------------------------------
Chad J. Husnick, Esq., at Kirkland & Ellis LLP, the attorney for
Energy Future Holdings Corp., said in a hearing on Feb. 13, 2017,
that the Debtor reached a tentative agreement to resolve disputes
with secured noteholders over roughly $800 million in post-petition
interest claims, Matt Chiappardi, writing for Bankruptcy Law360,
reports.

                       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.


ENUMERAL BIOMEDICAL: Peierls Reports 8.87% Stake as of Dec. 31
--------------------------------------------------------------
Jeffrey E. Peierls disclosed in a Schedule 13G filed with the
Securities and Exchange Commission that as of Dec. 31, 2016, he
beneficially owns 10,890,080 shares of common stock and 540,000
shares of Common Stock issuable upon exercise of Warrants of
Enumeral Biomedical Holdings, Inc., representing 8.87 percent of
the shares outstanding.  

Brian Eliot Peierls also reported beneficial ownership of
10,629,120 shares of Common Stock and 520,000 shares of Common
Stock issuable upon exercise of warrants as of that date.  

E. Jeffrey Peierls may be deemed the beneficial owner of securities
held by trusts of which E. Jeffrey Peierls is a fiduciary.  Brian
Eliot Peierls may be deemed the beneficial owner of securities held
by trusts of which Brian Eliot Peierls is a fiduciary.  E. Jeffrey
Peierls and Brian Eliot Peierls may be deemed to share indirect
beneficial ownership of securities held by The Peierls Foundation,
Inc.

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

                     https://is.gd/adgehF

                       About Enumeral

Enumeral Biomedical Holdings, Inc., is engaged in the discovery of
monoclonal antibodies and other novel biologics for the diagnosis
and treatment of cancer, infectious and inflammatory diseases.  The
Company is currently focused on developing next generation
antibodies that are more precise in their effects on tumor- and
tissue-inflitrating lymphocyte functions via modulation of
regulatory proteins known as checkpoints.

Enumeral reported net income of $3.29 million in 2015 following a
net loss of $8.17 million in 2014.

As of Sept. 30, 2016, Enumeral had $4.04 million in total assets,
$4.85 million in total liabilities and a total stockholders'
deficit of $807,104.

Friedman LLP, in New York, New York, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing the Company's recurring losses which
raise substantial doubt about its ability to continue as a going
concern.


ESCALERA RESOURCES: PacifiCorp Granted $84K Admin Priority Claim
----------------------------------------------------------------
Judge Thomas B. McNamara of the United States Bankruptcy Court for
the District of Colorado granted the motion filed by PacifiCorp for
allowance of an administrative expense claim pursuant to 11 U.S.C.
section 503(b)(9) in the Chapter 11 case of Escalera Resources Co.

The Court has not confirmed a plan of reorganization.  PacifiCorp
filed Proof of claim No. 46-1 for $240,479.43 on the basis of
"electricity sold by electric utility."  PacifiCorp asserted that
an $87,853.94 portion of the claim was entitled to administrative
expense priority under Section 503(b)(9) as "[t]he value of the
electricity sold to Escalera and received by Escalera in its
ordinary course of business during the 20 day period prior to the
Petition Date."

Subsequently, PacifiCorp filed a "Motion for Order Allowing
Administrative Expense Pursuant to 11 U.S.C. section 503(b)(9)."
Consistent with its claim, PacifiCorp requested that the Court
enter an Order allowing an $87,853.94 portion of the claim as an
administrative expense priority under Section 503(b)(9).  Escalera
opposed the application.  Escalera did not challenge the amount of
the claim but contended that none of the claim should receive
administrative expense priority treatment.  Escalera argued that
electricity is not a "good" under the Uniform Commercial Code (UCC)
and Section 503(b)(9).

Judge McNamara found that electrical energy constitutes "goods" in
both ordinary and legal usage.  The judge explained that to hold
otherwise would be contrary to the plain understanding of the term
"goods" and would upset established legal meaning across many areas
of law.  The judge also found that Escalera has offered no
compelling argument why "goods" should have a different meaning
under the Bankruptcy Code than under the consistent usage in
dictionaries, UCC Section 2-105, federal antitrust laws, federal
labor laws, federal energy regulatory law, state tort law, state
tax law, and international treaties.

Thus, in Judge McNamara's assessment, the metered electrical energy
delivered by PacifiCorp to Escalera constitutes "goods" under the
unambiguous text of Section 503(b)(9).

Accordingly, the judge ruled that PacifiCorp will have an allowed
administrative priority claim under Section 503(b)(9) in the amount
of $84,253.95 for electrical energy delivered to Escalera in the 20
days prior to the petition date.

A full-text copy of Judge McNamara's February 10, 2017 memorandum
is available at:

         http://bankrupt.com/misc/cob15-22395-413.pdf

                     About Escalera Resources

Headquartered in Denver, Colorado, Escalera Resources Co. (OTCMKTS:
ESCRQ) is an independent energy company engaged in the exploration,
development, production and sale of natural gas and crude oil,
primarily in the Rocky Mountain basins of the western United
States. Escalera was incorporated in Wyoming in 1972 and
reincorporated in Maryland in 2001. As of October 2015, the Company
had 22 employees, none of whom are subject to a collective
bargaining agreement.

Escalera Resources filed for Chapter 11 bankruptcy protection
(Bankr. D. Colo. Case No. 15-22395) on Nov. 5, 2015.  Adam Fenster,
the chief financial officer, signed the petition. Judge Thomas B.
McNamara is assigned to the case.

Escalera listed total assets of $97.7 million and total
liabilities of $67.7 million as of June 30, 2015.

Escalera has won approval to employ Onsager Guyerson Fletcher
Johnson as bankruptcy counsel. Three other professionals were
approved by the Court: (i) Hein & Associates, LLP, as accountants
for Debtor; (ii) Lindquist & Vennum LLP, as special counsel for
Escalera in connection with the Humphrey litigation; and (iii)
Jones & Keller, P.C., as special counsel for Escalera for general
corporate and securities matters.  Escalera also hired Seaport
Global Securities LLC as investment banker.

On October 26, 2016, the court ordered the Office of the U.S.
Trustee to appoint a Chapter 11 trustee for the bankruptcy estate.


FALCON AEROSPACE: S&P Assigns BB Rating on $30MM Class C Loans
--------------------------------------------------------------
S&P Global Ratings assigned its ratings to Falcon Aerospace
Ltd./Falcon Aerospace USA LLC's $410 million fixed-rate loans.

The loan transaction is an aircraft securitization transaction
backed by 21 aircraft and the related leases and shares or
beneficial interests in entities that directly and indirectly
receive aircraft portfolio lease rental and residual cash flows,
among others.

The assigned ratings reflect:

   -- The likelihood of timely interest on the class A loans
      (excluding the step-up amount) on each payment date, the
      timely interest on the class B loans (excluding the step-up
      amount) when they are the senior-most loans outstanding on
      each payment date, and the ultimate interest and principal
      payment on the class A, B, and C loans on the legal final
      maturity at the respective rating stress.

   -- The 63.22% loan-to-value (LTV) ratio (based on the lower of
      the mean and median of the three half-life base values and
      the three half-life current market values) on the class A
      loans; the 76.27% LTV ratio on the class B loans; and the
      82.29% LTV ratio on the class C loans.

   -- The aircraft collateral's quality and lease rental and
      residual value generating capability.  The portfolio
      contains 21 in-production narrow-body passenger planes (10
      A320 family and 11 B737-NG).  The 21 aircraft have a
      weighted average age of approximately 9.1 years and a
      remaining average lease term of approximately 4.4 years.
      These aircraft, though entering mid-life, are still liquid
      narrow-body aircraft models.  While Airbus delivered the
      first A320neo in January 2016 and Boeing will deliver the
      B737MAX in 2017, S&P expects that the new, more fuel-
      efficient models replacing all of the current A320 family
      and B737-NG will take many years; S&P views this as a
      moderate threat to aircraft values and incorporate it into
      S&P's collateral evaluation.

   -- Many of the initial lessees have low credit quality, and 51%

      of the lessees (by aircraft value) are domiciled in emerging

      markets.  S&P's view of the lessee credit quality, country
      risk, lessee concentration, and country concentration is
      reflected in S&P's lessee default rate assumptions.

   -- The transaction's capital structure, payment priority, loan
      amortization schedules, and performance triggers.  Similar
      to other recently rated mid-life aircraft securitization
      transactions, this transaction has a few structural
      features--such as rapid amortization, partial rapid
      amortization, and excess proceeds payment--that can, to some

      extent, mitigate the value retention risk of aging aircraft
      and the risk of an aircraft's green time (maintenance
      status) monetizing.

   -- The existence of a liquidity facility that equals nine
      months of interest n the class A and B loans.

   -- There is a class C reserve account (initially funded with
      $2.65 million) to cover the class C loans' interest.  ICF
      International performed a maintenance analysis before
      closing.  After closing, ICF International will perform a
      forward-looking 18-month maintenance analysis at least
      semiannually.  The maintenance reserve account must keep a
      balance of the higher of the lower of $1 million and the
      rated class A and B loans' outstanding notional amount and
      the sum of forward-looking maintenance expenses.  The
      maintenance reserve account will be funded at $27 million at

      closing.  Twenty-four months after the initial closing date,

      any excess maintenance amounts over the required amount will

      be transferred to the collection account to the extent not
      reserved by the borrowers to pay future maintenance
      expenses, the amounts transferred to the collections account

      on the first payment date after the second anniversary from
      closing will be treated as excess proceeds to pay down the
      debt.

   -- The senior indemnification (capped at $10 million) is
      modeled to occur in the first 12 months.

   -- The junior indemnification (uncapped) is subordinated to the

      rated series' principal payment.

   -- Dubai Aerospace Enterprise (DAE) Ltd. (DAE), founded in 2006

      and majority-owned by Investment Corp. of Dubai, is an
      aircraft lessor with a strong presence in the Middle East.
      While we believe DAE's capability to service this
      transaction's portfolio is adequate, S&P views it less
      favorably than global mid-tier aircraft lessors.

RATINGS ASSIGNED

Falcon Aerospace Ltd./Falcon Aerospace USA LLC

Class       Rating        Amount (mil. $)
A           A (sf)                315
B           BBB (sf)               65
C           BB (sf)                30


FARMHAND SUPPLY: Court Allows Use of Rabo AgriFinance Cash
----------------------------------------------------------
Judge Barry S. Schermer of the U.S. Bankruptcy Court for the
Eastern District of Missouri authorized Farmhand Supply, LLC to use
the cash collateral of Rabo AgriFinance LLC, f/k/a Rabo
AgriFinance, Inc., pursuant to an agreement between the parties.

The Debtor, together with spouses John Dale Murphy and Linda Jo
Murphy, J Murphy Farms, spouses James Howard Murphy and Janet
Murphy, and Murphy Farms owe at least $9,176,841.35 to Rabo
AgriFinance, pursuant to a Credit Agreement.  The debt is secured
by liens and security interests in various assets owned by the
Debtor and/or the Murphy Debtors, including real estate, farm
products, proceeds of crop insurance, price support or other
governmental programs, profits, inventory, equipment, accounts,
contract rights and general intangibles.

Rabo AgriFinance is granted replacement liens or replacement
security interests in all property of the Debtor of the kind or
type which was subject to Rabo AgriFinance's pre-petition liens and
security interests, except for cash or proceeds of properties
representing recoveries of preferential transfers, fraudulent
conveyance claims or other causes of action asserted under Sections
544 to 549 of the Bankruptcy Code or under any applicable state law
remedy.  The replacement liens or replacement security interests
will be subject to the fees of the United States Trustee.

The Debtor is directed to deliver to Rabo AgriFinance:

     (1) copies of its Monthly Operating Report as filed with the
Court and the Office of the U.S. Truste;

     (2) a monthly listing and aging of the Debtor's accounts
receivable;

     (3) a monthly inventory report; and

     (4) a monthly cash flow, profit and loss, income statement and
balance sheet, as well as other financial statements, as and when
prepared.

The Debtor is also directed to keep the collateral adequately
insured at all times with responsible insurance carriers in
accordance with the Collateral Documents.

A full-text copy of the Stipulated Order, dated February 8, 2017,
is available at
http://bankrupt.com/misc/FarmhandSupply2016_1610742_30.pdf

Rabo AgriFinance, LLC, is represented by:

          David L. Going, Esq.
          Erin M. Edelman, Esq.
          ARMSTRONG TEASDALE LLP
          7700 Forsyth Blvd., Suite 1800
          St. Louis, MO 63105
          Telephone: (314) 621-5070
          Facsimile: (314) 621-5065
          E-mail: dgoing@armstrongteasdale.com
                  eedelman@armstrongteasdale.com

                About Farmhand Supply

Farmhand Supply, LLC, filed for Chapter 11 bankruptcy protection
(Bankr. E.D. Mo. Case No. 16-10742) on Sept. 9, 2016.  The petition
was signed by John D. Murphy, owner/member.  The Debtor estimated
its assets and liabilities at $0 to $50,000 each, at the time of
the filing.  J. Michael Payne, Esq., at Limbaugh, Russell, Payne &
Howard, serves as the Debtor's bankruptcy counsel.


FARMHAND SUPPLY: Unsecureds to Recover 80% Under Plan
-----------------------------------------------------
Farmhand Supply, LLC, filed with the U.S. Bankruptcy Court for the
Eastern District of Missouri a first amended disclosure statement
dated Feb. 13, 2017, and accompanying first amended plan of
reorganization.

The Court will conduct a hearing on March, 6, 2017, at 2:00 p.m. to
determine the adequacy of this First Amended Disclosure Statement.

Class 6 General Unsecured Claims will be paid 80% of the total
amount owed to each claimant as follows: 10% to each being paid
each year for the eight years starting with June 1, 2018, and then
or before June 1, 2019; 10% on or before June 1, 2020; 10% on or
before June 1, 2021; and 10% on or before June 1, 2022, 2023, 2024,
and 2025.  The Class 6 claims will be considered paid in full after
all eight payments are made.
The Disclosure Statement is available at:

          http://bankrupt.com/misc/moeb16-10742-37.pdf

As reported by the Troubled Company Reporter on Jan. 12, 2017, the
Debtor filed with the Court a disclosure statement and accompanying
plan of reorganization, which proposed to pay unsecured creditors
25% of their allowed claims with an extension of time.  Under that
plan, the general unsecured claims are placed under Class 5.

The Debtor knows of no preferences and does not intend to pursue
any preference payments. There were no repossessions by unsecured
creditors in the applicable period prior to the bankruptcy being
initiated. Therefore, Debtor does not intend to pursue any claim
arising from any repossession.

Farmhand Supply, LLC, filed for Chapter 11 bankruptcy protection
(Bankr. E.D. Mo. Case No. 16-10742) on Sept. 9, 2016, estimating
its assets and liabilities at $0 to $50,000 each.  J. Michael
Payne, Esq., at Limbaugh, Russell, Payne & Howard, serves as the
Debtor's bankruptcy counsel.


FASHION'S LITTLE: Compass Bank Objects to Cash Collateral Use
-------------------------------------------------------------
Secured creditor Compass Bank informs the U.S. Bankruptcy Court for
the District of Arizona that it does not consent to Fashion's
Little Helpers Corporation's use of cash collateral.

Compass Bank wants to have the cash collateral turned over or
sequestered.

Compass Bank relates that it is the holder of a U.S. Small Business
Administration Note made, executed, and delivered by Rachel J.
Perez, in her capacity as President of the Debtor, in the original
amount of $602,500.  Compass Bank further relates that it holds a
valid and properly perfected security interest in the Debtor's
personal property.

Compass Bank contends that it is currently owed the principal
amount of $544,720.81, plus interest, fees and costs.

Compass Bank tells the Court that it has been informed that the
Debtor has been collecting cash collateral during the course of its
bankruptcy proceeding.  It further tells the Court that it objects
to the Debtor's use of cash collateral secured by the Compass Bank
lien.

Compass Bank is represented by:

          Adam B. Nach, Esq.
          Joel F. Newell, Esq.
          LANE & NACH, P.C.
          2001 East Campbell Avenue, Suite 103
          Phoenix, AZ 85016
          Telephone: (602) 258-6000
          E-mail: adam.nach@lane-nach.com
                  joel.newell@lane-nach.com
          
         About Fashions Little Helpers Corporation

Fashions Little Helpers Corporation, d/b/a Fashions Little Helpers
Inc., d/b/a Fashion's Little Helpers Corporation, filed a chapter
11 petition (Bankr. D. Ariz. Case No. 17-00945) on Jan. 31, 2017.
The petition was signed by Rachel Perez, president/CEO/director.
The Debtor is represented by Olga Zlotnik, Esq., at the Law Office
of Olga Zlotnik, PLLC.  The case is assigned to Judge Scott H. Gan.
The Debtor estimated assets at $50,000 to $100,000 and liabilities
at $1 million to $10 million at the time of the filing.


FASHIONS LITTLE: Hires Olga Zlotnik Law Office as Counsel
---------------------------------------------------------
Fashions Little Helpers Corporation seeks authorization from the
U.S. Bankruptcy Court for the District of Arizona to employ the Law
Office of Olga Zlotnik, PLLC as counsel for the Debtor.

The Debtor requires LOOZ to:

      a. provide the Debtor with legal advice with respect to its
reorganization;

      b. represent the Debtor in negotiations involving secured and
unsecured creditors and parties-in-interest;

      c. represent the Debtor at the U.S. Trustee interview, first
meeting of creditors, all court hearings set by the Court in the
Debtor's bankruptcy case, and in any adversary proceedings or
contested matters;

      d. prepare necessary applications, motions, answers, orders,
reports or other legal papers necessary to assist in the Debtor's
reorganization;

      e. assist the Debtor with the preparation of its Schedules of
Assets and Liabilities and Statements of Financial Affairs;

      f. advise the Debtor with respect to any post-petition
financing and cash collateral arrangements and negotiating,
drafting and prosecute all documents, motions and pleadings
relating thereto;

      g. advise the Debtor on all matters relating to the
assumption, rejection or assignment of unexpired leases and
executory contracts;

      h. take all necessary action to protect and preserve the
Debtor's estate, including the prosecution of actions on the
Debtor's behalf, the defense of any actions commenced against the
Debtor, object to claims filed against the Debtor's estate, and
negotiate and effect settlements of the same;

      i. prepare, negotiate and take all actions necessary to
obtain approval and/or confirmation of a disclosure statement, plan
of reorganization and related agreements and documents; and

     j. perform other legal services relating to the administration
and conduct of the Debtor's estate in its efforts to reorganize.

LOOZ will be paid at these hourly rates:

     Olga Zlotnik, member                $220
     Legal Assistants/Law Clerks         $135

Prior to the filing of this bankruptcy, the Debtor paid LOOZ a flat
fee retainer in the amount of $7,283 for pre-bankruptcy services
and a filing fee of $1,717. The Debtor also paid LOOZ an advanced
deposit of $5,000, which is held in LOOZ's IOLTA Trust Account to
secure payment of fees and costs incurred in this Chapter 11 case.

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

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

LOOZ may be reached at:

      Olga Zlotnik, Esq.
      Law Office of Olga Zlotnik, PLLC
      7047 E. Greenway Parkway, Suite 250
      Scottsdale, AZ 85254
      Tel: (480) 788-7011
      Fax: (866) 935-0552

           About Fashions Little Helpers Corporation

Fashions Little Helpers Corporation filed a Chapter 11 bankruptcy
petition (Bankr. D.Ariz. Case No. 17-00945) on January 31, 2017. 
The Hon. Scott H. Gan presides over the case.  The Law Office of
Olga Zlotnik, PLLC represents the Debtor as counsel.

In its petition, the Debtor estimated $50,000 to $100,000 in assets
and $1 million to $10 million in liabilities. The petition was
signed by Rachel Perez, president/CEO/director.


FM KELLEY: Plan Exclusivity Period Extended Sine Die
----------------------------------------------------
Judge Robert E. Grossman of the U.S. Bankruptcy Court for the
Eastern District of New York issued a bridge order extending FM
Kelly Construction Group, Inc.'s exclusive period to file a Plan of
Reorganization on an interim basis pending the hearing on the
Motion, through and including the hearing date of February 8, 2016.


The Troubled Company Reporter had earlier reported that the Debtor
sought exclusivity extension on an interim basis pending the
hearing for final relief that has been scheduled for February 8,
2017. The Debtor related that it had been working on various issues
relating to the reorganization that will further progress beyond
the current 180-day small business case deadline to file a plan of
reorganization. As such, the Debtor needed additional time to
analyze and negotiate the claims filed against it, including, but
not limited to the large claim filed by Forty Seventh Fifth Company
LLC.  Additionally, the Debtor had been in the process of
negotiating lease terms for a new lease for office space.

                   About FM Kelly Construction Group, Inc.

FM Kelly Construction Group, Inc., a New York-based company, filed
for Chapter 11 bankruptcy protection (Bankr. E.D.N.Y. Case No.
16-72143) on May 12, 2016.  The petition was signed by Joseph
Barbera, chief financial officer.  Judge Robert E. Grossman
presides over the case.  The Debtor estimated assets of $50,000 to
$100,000 and estimated liabilities of $1 million to $10 million.
The Debtor is represented by Kenneth A. Reynolds, Esq. at McBreen &
Kopko.

A Creditors' Committee has not been appointed by the Office of the
United States Trustee.


FORBES ENERGY: Anson Funds No Longer Own Shares
-----------------------------------------------
Anson Funds Management LP and its affiliated entities disclosed in
a filing with the Securities and Exchange Commission that they no
longer hold shares of Forbes Energy Services Ltd., common stock as
of Dec. 31, 2016.

The funds may be reached at:

     Bruce R. Winson, Manager
     Anson Funds Management LP
     Anson Management GP LLC
     5950 Berkshire Lane, Suite 210
     Dallas, Texas 75225

                       About Forbes Energy

Alice, Texas-based Forbes Energy Services Ltd. (OTC Pink: FESL)
-- http://www.forbesenergyservices.com/-- is an independent
oilfield  services contractor that provides a broad range of
drilling-related and production-related services to oil and natural
gas companies, primarily onshore in Texas and Pennsylvania.

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

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

The Debtors tapped Pachulski Stang Ziehl & Jones LLP as lead
counsel, and Snow Spence Green LLP as local counsel.  Alvarez &
Marsal Holdings, LLC serves as the Debtors' financial advisors.
Jefferies LLC serves as the Debtors' investment bankers.  The
Debtors' corporate and securities counsel is Winstead PC.  Kurtzman
Carson Consultants LLC serves as the Debtors' solicitation and
balloting consultants.

                           *     *     *

Judge David R. Jones will hold a hearing on March 8, 2017, at 10:00
a.m. (prevailing Central Time) to consider the adequacy of the
disclosure statement explaining the Debtors' prepackaged Chapter 11
plan.

Under the Plan, holders of Class 5 General Unsecured Claims --
estimated at approximately $4 million to $8 million -- are
unimpaired, and will receive payment in full under the Plan.  

The Plan is supported by the Debtors and the supporting noteholders
representing approximately 65.40% of the allowed senior unsecured
notes claims.  After months of active and arm's-length
negotiations, the Debtors, in consultation with its advisors,
reached agreement on the terms of the Plan with the supporting
noteholders, representing a substantial majority by principal
amount of the Holders of Senior Unsecured Notes Claims.  The
Debtors believe that the Plan is the best restructuring alternative
reasonably available to the Debtors.  Because holders of Senior
Unsecured Notes Claims are the only impaired creditor class under
the Plan, only the holders are entitled to vote on the Plan.


FORBES ENERGY: FMR LLC Reports 7% Equity Stake
----------------------------------------------
FMR LLC, Abigail P. Johnson and Select Energy Service Portfolio
disclose in a joint filing with the Securities and Exchange
Commission that they may be deemed to beneficially own in the
aggregate 1,634,545 shares or roughly 7.357% of the common stock of
Forbes Energy Services Ltd.

Abigail P. Johnson is a Director, the Chairman and the Chief
Executive Officer of FMR LLC.

Members of the Johnson family, including Abigail P. Johnson, are
the predominant owners, directly or through trusts, of Series B
voting common shares of FMR LLC, representing 49% of the voting
power of FMR LLC. The Johnson family group and all other Series B
shareholders have entered into a shareholders' voting agreement
under which all Series B voting common shares will be voted in
accordance with the majority vote of Series B voting common shares.
Accordingly, through their ownership of voting common shares and
the execution of the shareholders' voting agreement, members of the
Johnson family may be deemed, under the Investment Company Act of
1940, to form a controlling group with respect to FMR LLC.

Neither FMR LLC nor Abigail P. Johnson has the sole power to vote
or direct the voting of the shares owned directly by the various
investment companies registered under the Investment Company Act
("Fidelity Funds") advised by Fidelity Management & Research
Company ("FMR Co"), a wholly owned subsidiary of FMR LLC, which
power resides with the Fidelity Funds' Boards of Trustees. Fidelity
Management & Research Company carries out the voting of the shares
under written guidelines established by the Fidelity Funds' Boards
of Trustees.

FMR LLC et al. may be reached at:

     Marc R. Bryant
     FMR LLC
     245 Summer Street
     Boston, MA 02210

                       About Forbes Energy

Alice, Texas-based Forbes Energy Services Ltd. (OTC Pink: FESL)
-- http://www.forbesenergyservices.com/-- is an independent
oilfield  services contractor that provides a broad range of
drilling-related and production-related services to oil and natural
gas companies, primarily onshore in Texas and Pennsylvania.

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

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

The Debtors tapped Pachulski Stang Ziehl & Jones LLP as lead
counsel, and Snow Spence Green LLP as local counsel.  Alvarez &
Marsal Holdings, LLC serves as the Debtors' financial advisors.
Jefferies LLC serves as the Debtors' investment bankers.  The
Debtors' corporate and securities counsel is Winstead PC.  Kurtzman
Carson Consultants LLC serves as the Debtors' solicitation and
balloting consultants.

                           *     *     *

Judge David R. Jones will hold a hearing on March 8, 2017, at 10:00
a.m. (prevailing Central Time) to consider the adequacy of the
disclosure statement explaining the Debtors' prepackaged Chapter 11
plan.

Under the Plan, holders of Class 5 General Unsecured Claims --
estimated at approximately $4 million to $8 million -- are
unimpaired, and will receive payment in full under the Plan.  

The Plan is supported by the Debtors and the supporting noteholders
representing approximately 65.40% of the allowed senior unsecured
notes claims.  After months of active and arm's-length
negotiations, the Debtors, in consultation with its advisors,
reached agreement on the terms of the Plan with the supporting
noteholders, representing a substantial majority by principal
amount of the Holders of Senior Unsecured Notes Claims.  The
Debtors believe that the Plan is the best restructuring alternative
reasonably available to the Debtors.  Because holders of Senior
Unsecured Notes Claims are the only impaired creditor class under
the Plan, only the holders are entitled to vote on the Plan.


FORBES ENERGY: Forbes & Crisp Report Equity Stake
-------------------------------------------------
Charles C. Forbes, Jr., in his individual capacity, disclosed in a
filing with the Securities and Exchange Commission that he may be
deemed to beneficially own in the aggregate 2,724,199 shares or
roughly 12.3% of the Common Stock, par value $0.04 per share, of
Forbes Energy Services Ltd., as of Dec. 31, 2016.

Mr. Forbes, Jr. has sole power to vote or to direct the vote of
2,724,199 shares of common stock, sole power to dispose or to
direct the disposition of 2,724,199 shares of common stock, shared
power to vote or to direct the vote of no shares of common stock
and shared power to dispose or to direct the disposition of no
shares of common stock, the filing says.

John E. Crisp, in a separate filing with the SEC, says he holds
1,362,324 or roughly 6.1% of the Company shares.

Messrs. Crisp and Forbes, Jr., are members of the Company's senior
management team.

                       About Forbes Energy

Alice, Texas-based Forbes Energy Services Ltd. (OTC Pink: FESL)
-- http://www.forbesenergyservices.com/-- is an independent
oilfield  services contractor that provides a broad range of
drilling-related and production-related services to oil and natural
gas companies, primarily onshore in Texas and Pennsylvania.

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

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

The Debtors tapped Pachulski Stang Ziehl & Jones LLP as lead
counsel, and Snow Spence Green LLP as local counsel.  Alvarez &
Marsal Holdings, LLC serves as the Debtors' financial advisors.
Jefferies LLC serves as the Debtors' investment bankers.  The
Debtors' corporate and securities counsel is Winstead PC.  Kurtzman
Carson Consultants LLC serves as the Debtors' solicitation and
balloting consultants.

                           *     *     *

Judge David R. Jones will hold a hearing on March 8, 2017, at 10:00
a.m. (prevailing Central Time) to consider the adequacy of the
disclosure statement explaining the Debtors' prepackaged Chapter 11
plan.

Under the Plan, holders of Class 5 General Unsecured Claims --
estimated at approximately $4 million to $8 million -- are
unimpaired, and will receive payment in full under the Plan.  

The Plan is supported by the Debtors and the supporting noteholders
representing approximately 65.40% of the allowed senior unsecured
notes claims.  After months of active and arm's-length
negotiations, the Debtors, in consultation with its advisors,
reached agreement on the terms of the Plan with the supporting
noteholders, representing a substantial majority by principal
amount of the Holders of Senior Unsecured Notes Claims.  The
Debtors believe that the Plan is the best restructuring alternative
reasonably available to the Debtors.  Because holders of Senior
Unsecured Notes Claims are the only impaired creditor class under
the Plan, only the holders are entitled to vote on the Plan.


FORBES ENERGY: Hires Alvarez & Marsal as Financial Advisors
-----------------------------------------------------------
Forbes Energy Services Ltd., and its debtor-affiliates seek
permission from the U.S. Bankruptcy Court for the Southern District
of Texas to employ Alvarez & Marsal North America, LLC as financial
advisors to the Debtors and Debtors-in-Possession.

The Debtors require A&M to:

      a. assist in the development and management of a cash flow
forecast, including on-going variance reports and discussion with
the Company's stakeholders regarding such;

      b.  assist in evaluation of the Company's current business
plan and in preparation of a financial forecast and operating plan
and presentation of such plan and forecast to the Company's Board
of Directors (the "Board") and its creditors;

      c. assist in the preparation of statement of financial
affairs and other financial reporting requirements required as part
of the process;

      d. prepare for and provide expert witness testimony related
specifically to the work performed in support of the Company's
restructuring and reorganization efforts;

      e. other activities as are approved by the Company, the
Company's responsible officers or the Board and agreed to by A&M.

A&M will be paid at these hourly rates:

       Managing Director             $775-$975
       Director                      $600-$750
       Analyst/Associate             $375-$575

A&M received $250,000 in retainers in connection with preparing for
and conducting the filing of these chapter 11 cases, as described
in the engagement Letter. In the 90 days prior to the Petition
Date, A&M received retainers and payments totaling $791,106 in the
aggregate for services performed for the Debtors.

A&M will also be reimbursed for reasonable out-of-pocket expenses
incurred.

Marc Liebman, managing director with Alvarez & Marsal North
America, LLC, assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtors and
their estates.

A&M may be reached at:

       Marc Liebman
       Alvarez & Marsal North America, LLC
       600 Madison Avenue, 8th Floor
       New York, NY 10022
       Phone: +1 212.759.4433
       Fax: +1 212.759.5532

                       About Forbes Energy

Alice, Texas-based Forbes Energy Services Ltd. (OTC Pink: FESL)
-- http://www.forbesenergyservices.com/-- is an independent
oilfield  services contractor that provides a broad range of
drilling-related and production-related services to oil and natural
gas companies, primarily onshore in Texas and Pennsylvania.

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

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

The Debtors tapped Pachulski Stang Ziehl & Jones LLP as lead
counsel, and Snow Spence Green LLP as local counsel.  Alvarez &
Marsal Holdings, LLC serves as the Debtors' financial advisors.
Jefferies LLC serves as the Debtors' investment bankers.  The
Debtors' corporate and securities counsel is Winstead PC.  Kurtzman
Carson Consultants LLC serves as the Debtors' solicitation and
balloting consultants.

                           *     *     *

Judge David R. Jones will hold a hearing on March 8, 2017, at 10:00
a.m. (prevailing Central Time) to consider the adequacy of the
disclosure statement explaining the Debtors' prepackaged Chapter 11
plan.

Under the Plan, holders of Class 5 General Unsecured Claims --
estimated at approximately $4 million to $8 million -- are
unimpaired, and will receive payment in full under the Plan.  

The Plan is supported by the Debtors and the supporting noteholders
representing approximately 65.40% of the allowed senior unsecured
notes claims.  After months of active and arm's-length
negotiations, the Debtors, in consultation with its advisors,
reached agreement on the terms of the Plan with the supporting
noteholders, representing a substantial majority by principal
amount of the Holders of Senior Unsecured Notes Claims.  The
Debtors believe that the Plan is the best restructuring alternative
reasonably available to the Debtors.  Because holders of Senior
Unsecured Notes Claims are the only impaired creditor class under
the Plan, only the holders are entitled to vote on the Plan.


FORBES ENERGY: Hires Jefferies as Investment Banker
---------------------------------------------------
Forbes Energy Services Ltd., and its debtor-affiliates seek
permission from the U.S. Bankruptcy Court for the Southern District
of Texas to employ Jefferies LLC as investment banker for the
Debtors and Debtors-in-Possession, nunc pro tunc to January 22,
2017.

The Debtors require Jefferies to:

      a. provide the Company with financial advice and assistance
in connection with Mergers And Acquisitions Transaction ("M&A
Transaction");

      b. provide advice and assistance to the Company in connection
with analyzing, structuring, negotiating and effecting (including
providing valuation analyses as appropriate), and act as exclusive
financial advisor to the Company in connection with, any
Restructuring;

      c. become familiar with, to the extent Jefferies deems
appropriate, and analyze, the business, operations, properties,
financial condition and prospects of the Company;

      d. advise the Company on the current state of the
"restructuring market";

      e. assist and advise the Company in developing a general
strategy for accomplishing a Restructuring;

      f. assist and advise the Company in implementing a
Restructuring, including negotiating with the bondholders;

      g. assist and advise the Company in evaluating and analyze a
Restructuring, including the value of the securities or debt
instruments, if any, that may be issued in any such Restructuring;
and

      h. render other financial advisory services as may from time
to time be agreed upon by the Company and Jefferies.

The Debtors and Jefferies have agreed on these compensation and
expense reimbursement terms:

      a. Monthly Fee. A monthly fee equal to $100,000 per month
until the earlier of the consummation of a Transaction as
contemplated in the Engagement Letter or the termination of the
Engagement Letter. The first Monthly Fee shall be payable upon the
execution of the Engagement Letter, and each subsequent Monthly Fee
shall be payable in advance on each monthly anniversary thereafter.
Fifty percent of any Monthly Fees actually paid to Jefferies will
be credited against the M&A Fee or Restructuring Fee (as applicable
and as defined below) due to Jefferies.

      b. Mergers And Acquisitions Fee. Promptly upon closing of an
M&A Transaction, a fee equal to $2.75 million.

      c. Restructuring Fee. Promptly upon the consummation of a
Restructuring, a fee equal to $2.75 million.

During the 90-day period prior to the Petition Date, Jefferies was
paid in the ordinary course certain monthly fees and expense
reimbursements under the Engagement Letter. Specifically, the
Debtors paid the following amounts to Jefferies: (a) $103,656.93 on
October 25, 2016 on account of its October Monthly Fee and related
expense reimbursements; (b) $100,453.11 on December 6, 2016 on
account of its November Monthly Fee and related expense
reimbursements; (b) $100,742.96 on December 20, 2016 on account of
its December Monthly Fee and related expense reimbursements; and
(c) $100,230.68 on January 20, 2017 on account of its January
Monthly Fee and related expense reimbursements. As of the Petition
Date, no other Monthly Fees and expenses were due and payable to
Jefferies under the Engagement Letter.

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

Robert White, managing director of Jefferies LLC, assured the Court
that the firm does not represent any interest adverse to the
Debtors and their estates.

Jefferies may be reached at:

       Robert White
       Jefferies LLC
       520 Madison Avenue, 10th Floor
       New York, NY 10022
       Phone: 212-284-2300

                       About Forbes Energy

Alice, Texas-based Forbes Energy Services Ltd. (OTC Pink: FESL)
-- http://www.forbesenergyservices.com/-- is an independent
oilfield  services contractor that provides a broad range of
drilling-related and production-related services to oil and natural
gas companies, primarily onshore in Texas and Pennsylvania.

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

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

The Debtors tapped Pachulski Stang Ziehl & Jones LLP as lead
counsel, and Snow Spence Green LLP as local counsel.  Alvarez &
Marsal Holdings, LLC serves as the Debtors' financial advisors.
Jefferies LLC serves as the Debtors' investment bankers.  The
Debtors' corporate and securities counsel is Winstead PC.  Kurtzman
Carson Consultants LLC serves as the Debtors' solicitation and
balloting consultants.

                           *     *     *

Judge David R. Jones will hold a hearing on March 8, 2017, at 10:00
a.m. (prevailing Central Time) to consider the adequacy of the
disclosure statement explaining the Debtors' prepackaged Chapter 11
plan.

Under the Plan, holders of Class 5 General Unsecured Claims --
estimated at approximately $4 million to $8 million -- are
unimpaired, and will receive payment in full under the Plan.  

The Plan is supported by the Debtors and the supporting noteholders
representing approximately 65.40% of the allowed senior unsecured
notes claims.  After months of active and arm's-length
negotiations, the Debtors, in consultation with its advisors,
reached agreement on the terms of the Plan with the supporting
noteholders, representing a substantial majority by principal
amount of the Holders of Senior Unsecured Notes Claims.  The
Debtors believe that the Plan is the best restructuring alternative
reasonably available to the Debtors.  Because holders of Senior
Unsecured Notes Claims are the only impaired creditor class under
the Plan, only the holders are entitled to vote on the Plan.


FORBES ENERGY: Hires Pachulski Stang Ziehl & Jones as Counsel
-------------------------------------------------------------
Forbes Energy Services Ltd., and its debtor-affiliates seek
permission from the U.S. Bankruptcy Court for the Southern District
of Texas to employ Pachulski Stang Ziehl & Jones LLP as counsel for
the Debtors and Debtors-in-Possession, nunc pro tunc to January 22,
2017.

The Debtors require PSZJ to:

      a. advise the Debtors with respect to their powers and duties
as debtors in possession in the continued management and operation
of their businesses and properties;

      b. advise and consult on the conduct of these chapter 11
cases, including all of the legal and administrative requirements
of operating in chapter 11;

      c. attend meetings and negotiate with representatives of
creditors and other parties in interest;

      d. take all necessary actions to protect and preserve the
Debtors' estates, including prosecuting actions on the Debtors
behalf, defend any action commenced against the Debtors, and
represent the Debtors in negotiations concerning litigation in
which the Debtors are involved, including objections to claims
filed against the Debtors' estates;

      e. prepare pleadings in connection with these chapter 11
cases, including motions, applications, answers, orders, reports,
and papers necessary or otherwise beneficial to the administration
of the Debtors' estates;

      f. represent the Debtors in connection with obtaining
authority to any use of cash collateral and postpetition
financing;

      g. advise the Debtors in connection with any potential sale
of assets;

      h. take necessary action on behalf of the Debtors with
respect to the approval of a disclosure statement and confirmation
of the Debtors' chapter 11 plan and all documents related thereto;
and

      i. perform other legal services for the Debtors that may be
necessary and proper in these proceedings.

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

      Richard M. Pachulski            $1,195
      Ira D. Kharasch                 $1,025
      Maxim B. Litvak                 $850
      Joshua M. Fried                 $825
      Paralegals                      $350

PSZ&J has received payments from the Debtors during the year prior
to the Petition Date in the amount of $2,062,036.15 in connection
with its prepetition representation of the Debtors. PSZ&J received
payments totaling $1,455,175.10 from the Debtors within 90 days
prior to the Petition Date.

PSZ&J will also be reimbursed for reasonable out-of-pocket expenses
incurred.

Ira D. Kharasch, Esq., partner in that law firm of Pachulski Stang
Ziehl & Jones 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 Debtors has approved the budget and staffing plan.
The Court has scheduled a hearing to consider confirmation of the
Debtors' Plan for March 8, 2017. Upon (i) the confirmation and
effectiveness of the Plan, and (ii) following Court approval of
PSZ&J's application for payment of fees and reimbursement of fees,
the Debtors shall pay any such approved fees and expenses pursuant
to such Plan.

The Debtors have filed their Application to Employ and Retain Snow
Spence and Green LLP as local counsel.  The Debtors and PSZ&J
represent that they will avoid duplication of efforts and overlap
of for the services provided by PSZ&J in this Application and the
services to be performed in the SSG Application

PSZ&J may be reached at:

       Ira D. Kharasch, Esq.
       Pachulski Stang Ziehl & Jones LLP
       10100 Santa Monica Blvd, 13th Floor
       Los Angeles, CA 90067
       Tel: 310.277.6910
       E-mail: ikharasch@pszjlaw.com

                       About Forbes Energy

Alice, Texas-based Forbes Energy Services Ltd. (OTC Pink: FESL)
-- http://www.forbesenergyservices.com/-- is an independent
oilfield  services contractor that provides a broad range of
drilling-related and production-related services to oil and natural
gas companies, primarily onshore in Texas and Pennsylvania.

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

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

The Debtors tapped Pachulski Stang Ziehl & Jones LLP as lead
counsel, and Snow Spence Green LLP as local counsel.  Alvarez &
Marsal Holdings, LLC serves as the Debtors' financial advisors.
Jefferies LLC serves as the Debtors' investment bankers.  The
Debtors' corporate and securities counsel is Winstead PC.  Kurtzman
Carson Consultants LLC serves as the Debtors' solicitation and
balloting consultants.

                           *     *     *

Judge David R. Jones will hold a hearing on March 8, 2017, at 10:00
a.m. (prevailing Central Time) to consider the adequacy of the
disclosure statement explaining the Debtors' prepackaged Chapter 11
plan.

Under the Plan, holders of Class 5 General Unsecured Claims --
estimated at approximately $4 million to $8 million -- are
unimpaired, and will receive payment in full under the Plan.  

The Plan is supported by the Debtors and the supporting noteholders
representing approximately 65.40% of the allowed senior unsecured
notes claims.  After months of active and arm's-length
negotiations, the Debtors, in consultation with its advisors,
reached agreement on the terms of the Plan with the supporting
noteholders, representing a substantial majority by principal
amount of the Holders of Senior Unsecured Notes Claims.  The
Debtors believe that the Plan is the best restructuring alternative
reasonably available to the Debtors.  Because holders of Senior
Unsecured Notes Claims are the only impaired creditor class under
the Plan, only the holders are entitled to vote on the Plan.


FORBES ENERGY: Hires Snow Spence Green as Local Counsel
-------------------------------------------------------
Forbes Energy Services Ltd., and its debtor-affiliates seek
permission from the U.S. Bankruptcy Court for the Southern District
of Texas to employ Snow Spence Green LLP as local counsel for the
Debtors and Debtors-in-Possession, nunc pro tunc to January 22,
2017.

The Debtors require SSG to:

      a. advise the Debtors with respect to their powers and duties
under the Bankruptcy Code in connection with this case and in the
continued management and operation of their businesses and
properties;

      b. advise the Debtors on the legal and administrative
requirements of operating in chapter 11 and compliance with the
applicable Bankruptcy Rules, Local Rules, Complex Case Procedures
and related matters;

      c. attend meetings and negotiate with representatives of
creditors and other parties in interest;

      d. take all necessary actions to protect and preserve the
Debtors' estates;

      e. file pleadings in connection with these chapter 11 cases,
including motions, applications, answers, orders, reports, and
papers necessary or otherwise beneficial to the administration of
the Debtors’ estates;

      f. take any necessary action on behalf of the Debtors with
respect to the approval of a disclosure statement and confirmation
of the Debtors' prepackaged chapter 11 plan and all documents
related thereto; and

      g. perform other legal services for the Debtors that may be
necessary and proper in these proceedings.

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

      Phil Snow, Esq.                  $650
      Kenneth Green, Esq.              $500
      Paralegals                       $125

SSG received a retainer payment of $75,000 from the Debtors on
December 7, 2016, which has been applied to prepetition services
rendered to the Debtors after receipt of the retainer.

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

Kenneth Green, Esq., a partner of the law firm of Snow Spence Green
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 Debtors has approved the budget and staffing plan.
The Court has scheduled a hearing to consider confirmation of the
Debtors' Plan for March 8, 2017. Upon (i) the confirmation and
effectiveness of the Plan, and (ii) following Court approval of
SSG's application for payment of fees and reimbursement of fees,
the Debtors shall pay any such approved fees and expenses pursuant
to such Plan.

The Debtors have filed their Application to Employ and Retain
Pachulski Stang Ziehl & Jones LLP as Counsel for the Debtors and
Debtors in Possession. The Debtors and SSG represent that they will
avoid duplication of efforts and overlap of for the services
provided by SSG in this Application and the services to be
performed in the PSZJ Application.

SSG can be reached at:

       Kenneth Green, Esq.
       Snow Spence Green LLP
       2929 Allen Parkway, Suite 2800
       Houston, Harris County, TX 77019
       Tel: 713-335-4830
       Fax: 713-335-4930
       
                       About Forbes Energy

Alice, Texas-based Forbes Energy Services Ltd. (OTC Pink: FESL)
-- http://www.forbesenergyservices.com/-- is an independent
oilfield  services contractor that provides a broad range of
drilling-related and production-related services to oil and natural
gas companies, primarily onshore in Texas and Pennsylvania.

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

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

The Debtors tapped Pachulski Stang Ziehl & Jones LLP as lead
counsel, and Snow Spence Green LLP as local counsel.  Alvarez &
Marsal Holdings, LLC serves as the Debtors' financial advisors.
Jefferies LLC serves as the Debtors' investment bankers.  The
Debtors' corporate and securities counsel is Winstead PC.  Kurtzman
Carson Consultants LLC serves as the Debtors' solicitation and
balloting consultants.

                           *     *     *

Judge David R. Jones will hold a hearing on March 8, 2017, at 10:00
a.m. (prevailing Central Time) to consider the adequacy of the
disclosure statement explaining the Debtors' prepackaged Chapter 11
plan.

Under the Plan, holders of Class 5 General Unsecured Claims --
estimated at approximately $4 million to $8 million -- are
unimpaired, and will receive payment in full under the Plan.  

The Plan is supported by the Debtors and the supporting noteholders
representing approximately 65.40% of the allowed senior unsecured
notes claims.  After months of active and arm's-length
negotiations, the Debtors, in consultation with its advisors,
reached agreement on the terms of the Plan with the supporting
noteholders, representing a substantial majority by principal
amount of the Holders of Senior Unsecured Notes Claims.  The
Debtors believe that the Plan is the best restructuring alternative
reasonably available to the Debtors.  Because holders of Senior
Unsecured Notes Claims are the only impaired creditor class under
the Plan, only the holders are entitled to vote on the Plan.


FORMOSA PLANTATION: Hires Mitchell C. Compeaux, CPA as Accountant
-----------------------------------------------------------------
Formosa Plantation, LLC seeks authorization from the U.S.
Bankruptcy Court for the Eastern District of Louisiana to employ
Mitchell C. Compeaux, CPA as accountant for the Debtor.

The Debtor requires the Accountant to prepare tax returns and
year-end financial statements, and services directly related to
that function.

The Debtor will compensate the Accountant and its employees at $120
per hour.  The Accountant will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Mitchell C. Compeaux, CPA, assured the Court that the firm does not
represent any interest adverse to the Debtor and its estates.

The Accountant may be reached at:

      Mitchell C. Compeaux, CPA
      10674 LA-1
      Lockport, LA 70374-4252
      Phone: (985) 532-9100

                 About Formosa Plantation

Formosa Plantation, LLC, based in Cut Off, La., filed a Chapter 11
petition (Bankr. E.D. La. Case No. 16-12645) on October 26, 2016.
The Hon. Elizabeth W. Magner presides over the case.  Christopher
T. Caplinger, Esq., at Lugenbuhl, Wheaton, Peck, Rankin & Hubbard,
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 Anthony J.
Guilbeau, Jr., member.

A list of the Debtor's 10 unsecured creditors is available
for free at http://bankrupt.com/misc/laeb16-12645.pdf  


GAVILAN RESOURCES: S&P Assigns 'B' CCR; Outlook Stable
------------------------------------------------------
S&P Global Ratings assigned its 'B' corporate credit rating to
Gavilan Resources LLC.  The outlook is stable.

At the same time, S&P assigned its 'BB-' issue-level rating and '1'
recovery rating to the company's $350 million second-lien term loan
due 2024.  The '1' recovery rating indicates S&P's expectation of
very high (90% to 100%) recovery to creditors in the event of a
payment default.

S&P expects the company to use the proceeds to fund a portion of
its $1.1 billion acquisition of oil and gas producing properties in
the Eagle Ford shale (South Texas).

Gavilan Resources LLC is a private exploration and production
company that will focus exclusively on the Eagle Ford shale play in
South Texas.  In January, the company entered into a 50/50
partnership with operator Sanchez Energy Corp. to jointly acquire a
49% interest in 318,000 gross acres and over 1,400 producing wells
in the Eagle Ford shale from Anadarko Petroleum for
$2.3 billion.  Gavilan will fund its 50% portion of the acquisition
with about 40% debt and 60% equity contributed by private equity
firm The Blackstone Group.  The debt will consist of $82 million
drawn on a $350 million five-year revolving credit facility and a
$350 million second-lien term loan due 2024  

"The stable outlook reflects our expectation that Gavilan Resources
will be able to successfully grow production and reserves on the
acquired properties and deepen its management team, while
maintaining funds from operations to debt of around 20% and
adequate liquidity," said S&P Global Ratings credit analyst Carin
Dehne-Kiley.  

S&P could lower the rating if funds from operations (FFO)/debt
remained below 20% for a sustained period, which would most likely
occur if the company fails to increase production as expected or
outspends cash flows by more than S&P currently anticipates.

S&P could raise the rating if the company successfully increases
production and develops reserves to levels commensurate with higher
rated peers, while maintaining FFO to debt above 20% and adequate
liquidity.



GIBSON ENERGY: S&P Revises Outlook to Stable & Affirms 'BB' CCR
---------------------------------------------------------------
S&P Global Ratings said it revised its outlook on Gibson Energy ULC
to stable from negative.  At the same time, S&P Global Ratings
affirmed its 'BB' long-term corporate credit and senior unsecured
debt ratings on the company.  The '3' recovery rating on the debt
is unchanged, and indicates that lenders can expect meaningful (50%
to 70%; lower half of the range) recovery if a default occurs.

Gibson entered an agreement with Superior Plus L.P. to divest its
industrial propane business (which generates about C$40 million of
EBITDA) for C$412 million in cash, to be received in cash no later
than April 3, 2017.  The sale is structured as an option, closing
risk and all economic benefit transfer to Superior, which then
takes the risk of regulatory approval.

The transaction will strengthen Gibson's capital structure through
funding capital expenditures and debt reduction.  "We base the
outlook revision on the company's strategy to reduce leverage from
the proceeds of divesture of its industrial propane business," said
S&P Global Ratings credit analyst Gerry Hannochko.

S&P's forecast financial metrics for Gibson are now stronger, with
funds from operations (FFO)-to-debt at 23%-26% and debt-to-EBITDA
near 3.0x over the next two years.  Reduction in debt, coupled with
an expected increase in EBITDA from ongoing terminal expansions,
have led to this improvement.  Moreover, as terminaling and storage
projects have entered service, S&P expects some strengthening in
the business risk profile, from contracted, stable take-or-pay cash
flows.  S&P expects the EBITDA contribution from the company's
terminals and pipelines segment to make up approximately 50% of
EBITDA in the next two years.

"We assess Gibson's business risk profile as fair, based on the
company's mix of midstream businesses and the higher-risk oilfield
services businesses, and the contractual profiles of these
segments.  Earlier this year, Gibson changed its external segment
reporting and realigned its management structure to gain
efficiencies and cost savings. Competitive pressures and economic
conditions have continued to affect the company's various segments,
including logistics (truck transportation and environmental
services segments) and wholesale business (crude oil logistics,
natural gas liquids, and propane marketing and distribution).  The
wholesale segment's profitability is not as stable because it
largely depends on highly volatile and unpredictable crude
differentials.  We expect contractedness within the terminals and
pipelines segment to improve as the new projects increase the
proportion of take-or-pay EBITDA.  An increase in fee-for-service
arrangements reduces commodity exposures and the improving
contractual profiles with investment-grade counterparties help
reduce counterparty risk," S&P said.

S&P continues to assess Gibson's financial risk profile as
significant, with the leverage at the midpoint of S&P's category.
S&P expects the company's dividend policy as a proportion of
discretionary cash flow to be consistent.  The proceeds from the
divesture of propane business will also enable Gibson to fund
capital programs within the infrastructure segment.  As a result,
S&P expects solid credit metrics to support the rating over the
next couple of years.

The stable outlook reflects S&P Global Ratings' view that Gibson
will continue to expand the more stable terminals and pipeline
segments through organic growth, and that the proceeds from the
recent sale of the propane distribution business will finance the
company's capital program.  S&P expect that the option will be
exercised by year-end.

A downgrade could occur if debt-to-EBITDA deteriorates and stays
above 3.5x, or if Gibson embarks on more aggressive financing of
growth and acquisition initiatives.

S&P could upgrade the company if the financial risk profile
improves to intermediate from significant, which could occur if
forecast debt-to-EBITDA stays at about 2.5x and FFO-to-debt above
30%.



GIGA-TRONICS INC: Not Complying With NASDAQ's $2.5M Equity Rule
---------------------------------------------------------------
Giga-tronics Incorporated received a notification letter from The
NASDAQ Stock Market on Feb. 8, 2017, advising the Company of its
failure to comply with the required minimum of $2,500,000 in
shareholders' equity for continued listing on NASDAQ, pursuant to
NASDAQ listing rule 5550(b)(1).  The Company fell below the minimum
requirement with reported shareholders' equity of $2,125,000 in its
Form 10-Q for the quarterly period ended
Dec. 24, 2016.
  
NASDAQ stated in the letter that under the listing rules the
Company has 45 calendar days to submit a plan to regain compliance.
If the plan is accepted by NASDAQ, an extension of up to 180
calendar days from Feb. 8, 2017, may be granted to the Company to
provide evidence of compliance.  If the plan is not accepted by
NASDAQ, the Company will have the opportunity to appeal that
decision to a Hearings Panel.

The Company is currently working on a plan to submit to NASDAQ
within the requisite 45-day period to reach the required minimum of
$2,500,000 in shareholders' equity.
  
"While the Company intends to present a viable plan to regain
compliance, there can be no assurance that NASDAQ will grant the
Company's request for continued listing, or that the Company's
plans to comply with the required minimum of $2,500,000 in
shareholders' equity will be successful.  If the Company's Common
Stock ceases to be listed for trading on NASDAQ, the Company
expects that its Common Stock would be traded on the
Over-the-Counter Bulletin Board on or about the same day,"
according to a Form 8-K report filed with the Securities and
Exchange Commission.

                      About Giga-Tronics

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

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

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

                     Going Concern Doubt

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

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

"These matters raise substantial doubt as to our ability to
continue as a going concern," the Company stated in its quarterly
report for the period ended Dec. 24, 2016.


GOOD SHEPHERD: Moody's Gives Caa1 Rating to New Series 2017A Bonds
------------------------------------------------------------------
Issue: Hospital Revenue Refunding Bonds, Series 2017A; Rating:
Caa1; Rating Type: Underlying LT; Sale Amount: $69,200,000;
Expected Sale Date: 02/21/2017; Rating Description: Revenue:
Other;

Summary Rating Rationale

Moody's Investors Service assigns a Caa1 to Good Shepherd Health
System's proposed Hospital Revenue Refunding Bonds, Series 2017A
($69.2 million). The bonds mature October 1, 2029. Moody's is
affirming the Caa1 and Caa1/SG ratings on outstanding bonds,
affecting $145 million of debt. The outlook is revised to stable
from negative.

Affirmation of the Caa1 and outlook revision to stable is based on
the execution of an agreement on February 1, 2017 whereby CHRISTUS
Health (rated A1) is now the sole corporate member of GSHS, which
is expected to bring management expertise and extensive initiatives
during a financial turnaround. The affirmation also considers the
expected waivers of financial covenants and reporting requirements,
effective with the proposed Series 2017A issuance, which will
reduce near-term acceleration risk.

The Caa1 reflects GSHS's material cashflow losses and liquidity
declines, a sizable mandatory tender in three years and covenant
breach in the absence of waivers. It is not currently contemplated
that GSHS will become a member of the CHRISTUS Health obligated
group nor that CHRISTUS Health or any of its obligated group
affiliates will assume any obligations with respect to GSHS's
outstanding bonds or other secured debt. While a non-obligated
CHRISTUS Health subsidiary is guaranteeing the proposed Series
2017A bonds, the guarantee is only for the initial 3-year interest
period and is only enforceable after default.

The SG short-term rating on the Series 2015A bonds (to be refunded)
reflects the short-term tender on these bonds, which was under
three years at the time of issuance. The Series 2017A bonds do not
carry a short-term rating since the tender is over three years from
expected issuance.

Rating Outlook

The stable outlook reflects expected management and financial
benefits from CHRISTUS Health's control of the system and reduction
of acceleration risk in the near-term following expected waiver of
financial covenants.

Factors that Could Lead to an Upgrade

Further demonstrable and sustained financial support from CHRISTUS
Health

Significant and sustained improvement in operating margins and
liquidity

Elimination of refinancing risk

Stability of volumes

Factors that Could Lead to a Downgrade

Adverse change in relationship with CHRISTUS Health

Failure to demonstrate sustained operating improvement to meet
covenants post waiver

Acceleration of rate of liquidity decline

Reduction in expected recovery on defaulted bonds

Bankruptcy or restructuring

Legal Security

The bonds are secured by gross revenues of the GSMC Obligated
Group, which includes the parent Good Shepherd Health System, Good
Shepherd Medical Center, and Good Shepherd Medical Center Marshall.
The Obligated Group has granted a deed of trust lien on its
leasehold estate in the Medical Center Hospital and related
personal property and Marshall has granted a lien on the real and
personal property constituting the Marshall Hospital facilities in
order to further secure payment of the issued debt under the Master
Indenture.

Use of Proceeds

Proceeds from the Series 2017A bonds will refinance the Series
2015A bonds.

Obligor Profile

Good Shepherd Health System consists of two acute care hospitals,
clinics, physician networks, a joint venture ambulatory surgery
center, a joint venture home health agency and other ancillary
services. The health system's flagship hospital, Good Shepherd
Medical Center, operates in Longview, Texas and staffs 399 beds.

Methodology

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


GRACIOUS HOME: Has Court's Final Nod to Obtain $3MM Financing
-------------------------------------------------------------
The Hon. Mary Kay Vyskocil of the U.S. Bankruptcy Court for the
Southern District of New York granted Gracious Home LLC and its
affiliated debtors final authorization to obtain postpetition
financing from Gracious Home Lending LLC and grant security
interests and superpriority administrative expense status.

The Debtors are authorized, on a final basis, to borrow from the
DIP Lender under the DIP Facility in an aggregate principal amount
up to $3 million, subject to the terms and conditions set forth in
the DIP financing documents and the final court order.  Alex Wolf,
writing for Bankruptcy Law360, reports that the Court has allowed
the Debtor to pay administrative and operating costs from a $3
million credit facility funded by the DIP Lender.

The final court order is available at:

           http://bankrupt.com/misc/nysb16-13500-201.pdf

As reported by the Troubled Company Reporter on Feb. 3, 2017, the
Debtors sought court permission to obtain a $3 million postpetition
financing from the DIP Lender, to be used to satisfy the prepetion
secured claim of Signature Bank's assignee, and provide the Debtors
with needed working capital.

                 About Gracious Home LLC

Gracious Home LLC and its affiliates filed for bankruptcy
protection (Bankr. S.D.N.Y. Case No. 16-13500) on Dec. 14, 2016.
The Debtors estimated $10 million to $50 million in assets and
liabilities as of the bankruptcy filing.

The Debtors tapped Joseph J. DiPasquale, Esq., at Trenk,
Dipasquale, Della Ferra & Sodono, P.C., as counsel.  The Debtors
also tapped B. Riley & Co. as restructuring advisor, A&G Realty
Partners, LLC, as real estate advisor, and Prime Clerk LLC as
claims and noticing agent.

The Office of the U.S. Trustee on Jan. 6, 2017, appointed five
creditors of Gracious Home LLC to serve on an official committee of
unsecured creditors.


GREEN FUEL: Can Use Cash Collateral on an Interim Basis
-------------------------------------------------------
Judge Brenda Moody Whinery of the U.S. Bankruptcy Court for the
District of Arizona authorized Green Fuel Technologies, LLC, to use
cash collateral on an interim basis.

Judge Whinery limited the Debtor's use of cash collateral to
postpetition payroll, which includes employee wages, taxes,
benefits, union dues, and other customary withholdings in an amount
not to exceed $30,000 per week.  She held that no insiders may be
paid with cash collateral absent further order of the Court.

The approved payroll Budget provided for total payroll in the
amount of $24,361 for the week ending Feb. 3, 2017, $26,900 for the
week ending Feb. 10, 2017, and $20,900 for the week ending Feb. 17,
2017.

UMB Bank and WebBank are granted valid, binding, enforceable and
fully perfected replacement liens in the prepetition collateral.
They are also granted an allowed administrative claim to the extent
that the Replacement Liens do not adequately protect the diminution
in the value of the prepetition lenders interests in the collateral
from the Petition Date.

The Debtor was directed to provide UMB Bank with weekly updated
accounts receivable aging detail reports.

A full-text copy of the Order, dated Feb. 8, 2017, is available at

http://bankrupt.com/misc/GreenFuel2017_217bk00594bmw_35.pdf

UMB Bank is represented by:

          Kyle Hirsch, Esq.
          BRYAN CAVE
          Two North Central Ave., Suite 2100
          Phoenix, AZ 85004

                 About Green Fuel Technologies

Green Fuel Technologies, based in Phoenix, Ariz., filed a Chapter
11 petition (Bankr. D. Ariz. Case No. 17-00594) on Jan. 20, 2017.
The petition was signed by John Casey, managing member.  The case
is assigned to Judge Brenda Moody Whinery.  At the time of the
filing, the Debtor estimated $1 million to $10 million in both
assets and liabilities.  Pernell W. McGuire, Esq., at Davis Miles
McGuire Gardner, PLLC, serves as bankruptcy counsel to the Debtor.


HAPPY JACK'S: Hires Schroeder & Schreiner as Accountants
--------------------------------------------------------
Happy Jack's Petroleum, Inc., seeks authorization from the U.S.
Bankruptcy Court for the District of Nebraska to employ Schroeder &
Schreiner PC as accountants for the Debtor.

The Debtor requires the Firm to advise in matters pertaining to
financial operations and management of the Debtor.

The Debtor will compensate the Firm with reasonable fees to be
determined by the Court. The Firm will make periodic applications
for interim compensation pursuant to local rules and other orders
by the Court.

Bruce E. Schreiner, shareholder in the accounting firm of Schroeder
& Schreiner, PC, 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.

The Firm may be reached at:

      Bruce E. Schreiner
      Schroeder & Schreiner, PC
      2535 N. Carleton Avenue, Suite B
      Grand Island, NE 68803
      Phone: 308-381-1355
      Fax: 308-381-6557
      E-mail: bruce@ss-cpas.com

               About Happy Jack's Petroleum, Inc.

Happy Jack's Petroleum, Inc. dba Happy Jack's, dba Happy Jack's C
Store, dba Happy Jack's Travel Stop, based in Brule, Nebr., filed a
Chapter 11 petition (Bankr. D. Neb. Case No. 16-41395) on September
16, 2016.  The petition was signed by Wade Hill, vice president.
Judge Thomas L. Saladino presides over the case.  In its petition,
the Debtor estimated $1 million to $10 million in both assets and
liabilities.  

William L. Biggs, Jr., Esq. and Frederick D. Stehlik, Esq. of Gross
& Welch, P.C., L.L.O. serve as the Debtor's bankruptcy counsels.
The Debtor employs McPherron, Skiles & Loop, CPAs, P.C. as
accountants.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/neb16-41395.pdf


HOMER CITY GENERATION: Defends Ch 11 Plan Against US Trustee
------------------------------------------------------------
Homer City Generation, L.P., filed with the U.S. Bankruptcy Court
for the District of Delaware a response to the objections to the
confirmation of its prepackaged plan of reorganization by the
Office of the U.S. Trustee for the District of Delaware and
Cleveland Brothers Equipment Co.

Alex Wolf, writing for Bankruptcy Law360, reports that the Debtor
on Feb. 13 that the third-party releases included in its Plan are
necessary.

Through the restructuring embodied in the Plan, the Debtor was able
to:

     a. get its noteholders to agree to convert all of their
        secured debt into equity;

     b. have unsecured creditors be paid in full in the ordinary
        course of business, even though secured creditors are
        receiving a significant haircut on their claims;

     c. get GE (the indirect equity sponsor and substantial
        noteholder) to take a large reduction on its pro rata
        share of the recovery afforded to Noteholders under the
        Plan, plus contribute $3M in cash, plus provide
        transitional services, all while receiving nothing on
        account of its equity interests;

     d. renegotiate key contracts with its primary coal supplier,
        Consol Pennsylvania Coal Company, LLC, and its operations
        and maintenance provider, NRG Homer City Services LLC;

     e. allow every executory contract to be assumed; and

     f. line up a $150M Term B exit facility with Morgan Stanley
        as lead arranger.

The Debtor says that given these tremendous achievements, it is no
surprise that the market has applauded the Debtor's efforts.  An
unusually high percentage of Noteholders voted on the plan --
almost 96.5%.  Despite the fact that the Noteholders are the only
constituency not receiving payment in full under the Plan (other
than intercompany claims and equity, which are deemed to reject the
Plan), 100% of the Noteholders who voted have voted in favor of the
Plan.

All unsecured creditors were provided with a notice that explained
that by filing a pleading with the court they could opt out of
giving a third party release.  Only one unsecured creditor,
Cleveland Brothers, exercised this right.  After receiving the
Cleveland Brothers Objection, the Debtor and Cleveland Brothers
(which actually had been paid in full before it objected) fully
resolved the Cleveland Brothers Objection, which includes the
Debtor honoring the opt-out.

The Debtor says that it also has worked diligently to resolve the
U.S. Trustee objection.  The Debtor spent about two weeks with the
U.S. Trustee to satisfy the U.S. Trustee's concerns with the Plan,
and exchanged multiple revised drafts with the U.S. Trustee.

The objections that remain before the Court involve these issues:

     a. given the substantial consideration the released parties
        have provided to the Debtor and its estate, should the
        released parties receive releases not only from those who
        sent in ballots that voted in favor of the Plan, or from
        those that rejected the Plan and did not opt out of the
        releases (of which there are none), but also from those
        creditors in Class 3 who failed to submit a ballot and
        those in Class 4 who received a notice stating that they
        could opt out by filing a pleading but did not?

     b. can the disbursing agent be exculpated for performing its
        duties in accordance with the Plan, subject to typical
        limitations for gross negligence, willful misconduct and
        fraud, as well as malpractice?

According to the Debtor, the issues should be resolved in the
Debtor's favor given the unique context and factual background of
this case.

A copy of the response to the U.S. Trustee's objection is available
at http://bankrupt.com/misc/deb17-10086-149.pdf

                        About Homer City

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

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

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

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

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


HOUGHTON MIFFLIN: Moody's Lowers Corporate Family Rating to B3
--------------------------------------------------------------
Moody's Investors Service downgraded Houghton Mifflin Harcourt
Publishers Inc.'s Corporate Family Rating to B3 from B2, and senior
secured bank credit facility rating to B3 from B2. Moody's affirmed
the Probability of Default Rating at B3-PD. The Speculative Grade
Liquidity Rating was lowered to SGL-3 from SGL-2. The rating
outlook is negative. The downgrade reflects revenue pressures in
the K-12 learning materials sector because of increased competition
accompanying the gradual transition away from print-based products,
incremental challenges for HMH based on weak open territory
performance and underinvestment in certain adoptions, and the
company's negative free cash flow, loss of market share and
aggressive financial policy.

Houghton Mifflin Harcourt Publishers Inc.:

Ratings Downgraded:

-- Corporate Family Rating, downgraded to B3 from B2

-- $800 million senior secured term loan due 2021, downgraded to
B3 (LGD4) from B2 (LGD3)

-- Speculative Grade Liquidity Rating, lowered to SGL3 from SGL-2

Ratings Affirmed

Probability of Default Rating, B3-PD

Outlook Action:

Outlook is Negative

RATINGS RATIONALE

HMH's operating performance is pressured by a secularly challenged
K-12 education market including lower than expected adoption market
spending in 2016, and the company's underinvestment in a key
adoption product in California English Language Arts program. The
loss of adoption market share accompanied by weak open territory
performance resulted in management estimated total market share
declining from 42% to 38%-39%. Organic revenues excluding the
impact of the EdTech acquisition declined 2.8% through September
2016. A 10.3% decline in organic billings in the first nine months
of 2016 also indicates that revenue pressure will persist into
2017. Further challenging the financial situation of the company
are the share buybacks that were implemented in the first half of
2016, leaving reduced financial flexibility for managing the
unexpectedly weaker performance and negative free cash flow.

Though the 2017 adoption market is expected to improve relative to
2016 and the expectation that Houghton Mifflin will bid on a higher
percentage of available adoptions, Moody's remains concerned that
additional market share loss, or delayed adoptions or weaker sales
in the open territory will continue to pressure revenues and
liquidity. This is the second year in the row of weak performance
for HMH, leaving limited room for further deterioration. For LTM
period ending in September 2016, debt-to-cash EBITDA leverage was
8.4x, and is expected to remain above 8x over the next 12-18 months
driven by Moody's expected weakness in HMH sales and billings in
both adoption and open territory markets as recent underperformance
may continue, even if these markets provide for overall increased
industry spend. Moody's expects competition in the K-12 market to
remain fierce, with traditional publishers competing for limited
educational materials dollars alongside with smaller,
technologically focused and nimble curricula providers.
Furthermore, secular public funding pressures will remain, as
schools focus on making the most efficient use of their limited
education budgets. Moody's expects digital adoption of courseware
in the K-12 market to remain slow, as financial and technological
limitations continue to weigh on transition to a service-like model
for educational software. Moody's estimates free cash flow to debt
to be negative, as HMH will need to continue investing in its
products to effectively compete in the marketplace. Moody's
forecast does not incorporate additional incremental share buybacks
or dividends over the next 12 months.

The speculative-grade liquidity rating downgrade to SGL-3 from
SGL-2 reflects Moody's expectations for negative free cash flow and
an erosion of the cash balance because of operating losses and
share repurchases in 2016. HMH's adequate liquidity is nevertheless
supported by its $216 million of cash and investments, undrawn $250
million revolver, lack of meaningful near term maturities, lack of
term loan financial maintenance covenants, and a springing minimum
fixed charge coverage ratio on the revolver that Moody's does not
expect to be triggered.

The negative rating outlook incorporates Moody's expectations for
weakness of HMH market share in the K-12 market over the next 12
months and flat to slightly negative industry sales for K-12
market, despite expected higher levels of adoptions. Moody's
anticipates HMH earnings to decline through 2017 but expects the
company to manage its cost-base appropriately should actual sales
and billings miss expectations further.

Ratings could be downgraded if investment spending or operating
weakness leads to continued negative free cash flow, diminishing
the company's liquidity position further. Weak liquidity reduces
the company's flexibility to invest and execute growth initiatives
and could lead to downward rating pressure. Further market share
erosion and extended delays in local or state spending on education
materials could also result in a downgrade.

Given the negative outlook, an upgrade is unlikely over the next
12-18 months. The company would need to stabilize and grow revenue
and earnings, generate positive free cash flow and meaningfully
reduce leverage to be considered for an upgrade.

The principal methodology used in these ratings was Global
Publishing Industry published in December 2011.

Houghton Mifflin Harcourt Company, headquartered in Boston, MA, is
one of the three largest U.S. education publishers focusing on the
K-12 market with an estimated $1.4 billion of reported revenue for
the 12 months ended September 30, 2016. Houghton Mifflin Harcourt
Company is the ultimate parent of Houghton Mifflin Harcourt
Publishers, Inc. (HMH), which is a joint and several co-borrower of
the rated debt along with Houghton Mifflin Harcourt Publishing
Company and HMH Publishers LLC. The largest shareholder is
Anchorage Capital with approximately 16.3% ownership of the
company; Fidelity Investments, the Vanguard Group and Blackrock
each hold 5% - 10%, with the remainder being widely held.



HPA NORTHRIDGE: Court Allows Use of Cash Collateral on Final Basis
------------------------------------------------------------------
Judge Stuart M. Bernstein of the U.S. Bankruptcy Court for the
Southern District of New York authorized HPA Northridge, LLC to use
cash collateral on a final basis.

The Court had previously authorized the Debtor to use cash
collateral on an interim basis through February 7, 2017.

Lawrence D. Johnson, Trustee of the SJ Trust dated November 24,
1999 and William P. Johnson, Trustee of the DJ Trust dated November
24, 1999, known collectively as Creditor, assert liens on the
Debtor's Property and the rents from the Property.

The Creditor consents to the use of cash collateral, consisting of
rents, from the entry of the Court's Final Order until the
Termination Date.  

The Creditor will be provided with continuing liens and security
interests to the extent that such liens or security interests exist
under the Loan Documents, and a replacement first priority
perfected security interest, subject only to a $10,000 carve out
for chapter 7 administration expenses, in all collateral generated
after the Petition Date.

The Debtor is directed to make monthly payments of $34,747 to the
Creditor, and provide the Creditor and its counsel periodic
reporting.

The Debtor is further directed to maintain insurance on the
Property, at all times, in the amounts and under the terms provided
in the Loan Documents, and to name the Creditor as an additional
loss payee.

The Debtor's authority to use cash collateral will terminate upon
the earlier to occur of:

     (1) the 90th day following the entry of the Court's Final
Order; and

     (2) the occurrence of an Event of Default.

A full-text copy of the Final Order, dated Feb. 8, 2017, is
available at
http://bankrupt.com/misc/HPANorthridge2016_1613376smb_21.pdf

                   About HPA Northridge, LLC

HPA Northridge LLC, based in New York, N.Y., filed a Chapter 11
petition (Bankr. S.D.N.Y. Case No. 16-13376) on Dec. 2, 2016.  The
petition was signed by Joel I. Beeler, manager.  The case is
assigned to Judge Stuart M. Bernstein.  The Debtor is represented
by Mark A. Frankel, Esq., at Backenroth Frankel & Krinsky, LLP.
The Debtor disclosed $4.27 million in total assets and $2.64
million in total liabilities.


ILLINOIS POWER: Confirmed Prepackaged Plan Declared Effective
-------------------------------------------------------------
BankruptcyData.com reported that the U.S. Bankruptcy Court approved
Illinois Power Generating Company's (Genco) Disclosure Statement
and concurrently confirmed its Prepackaged Chapter 11 Plan of
Reorganization on January 25, 2017.  According to documents filed
with the Court, "Dynegy will serve as co-sponsor and co-proponent
of the Plan and is participating in the Plan with Genco, but, for
the avoidance of any doubt, only Genco intends to commence the
Chapter 11 Case (subject to the terms and conditions of the Support
Agreement and approval by Genco's board of directors) and Dynegy is
not commencing a case under Chapter 11 or otherwise. Dynegy will
issue the Dynegy Notes and the Dynegy Warrants, and Genco will
provide the cash portion of the Eligible Holder Distribution, the
Non-Eligible Holder Distribution and the Support Agreement Fee;
provided, that if the cash available at Genco on the Plan Effective
Date is insufficient to pay such amounts and other amounts then
payable by Genco, Dynegy will provide Genco with the funds
necessary to pay the difference through the Genco Working Capital
Facility."

In a separate report in early February 2017, BankruptcyData.com
related that Illinois Power's Prepackaged Chapter 11 Plan has
become effecive, and the Company emerged from Chapter 11
protection.

BankruptcyData.com further noted that, "The Liquidation Analysis
for Reorganized Illinois Power estimates the Net Realizable
Liquidation Proceeds to be between $161.5 million and $195.4
million. The recovery rate to the Total Secured Claims is estimated
to be 100%. The recovery rate to Total Unsecured Claims is
estimated to be 16% to 20%." BankruptcyData's Summary also explains
that under the Plan, "Other Priority Claims, Secured Claims and
General Unsecured Claims will be paid in full or otherwise will be
satisfied in full, for a 100% rate of recovery. Noteholder Claims
will receive its pro rata share of the Cash Consideration, New
Dynegy Notes, and New Dynegy Warrants, for a 39% rate of recovery.
All Equity Interest will be reinstated on the Effective Date." A
corporate release notes that the Plan eliminates $825 million of
unsecured Genco bonds and  provided participating eligible Genco
bondholders their share (across all noteholders) of approximately
$181.7 million of 8.034% new Unsecured Senior Notes due 2024 issued
by Dynegy with covenants that are substantially similar to Dynegy's
existing 5.875% Senior Notes due 2023, 8.6 million seven-year
warrants issued by Dynegy that are each exercisable into one share
of Dynegy common stock for an exercise price of $35.00 and $87.1
million of cash.

                    About Illinois Power

Illinois Power Generating Company is an electric generation
subsidiary of Illinois Power Resources, LLC, which is an indirect
wholly-owned subsidiary of Dynegy Inc.  The Company is
headquartered in Houston, Texas and were incorporated in Illinois
in March 2000.  It owns and operates a merchant generation business
in Illinois.  The Company has an 80 percent ownership interest in
Electric Energy, Inc., which it consolidates for financial
reporting purposes.  EEI operates merchant electric generation
facilities in Illinois and FERC-regulated transmission facilities
in Illinois and Kentucky.  The Company also consolidates its
wholly-owned subsidiary, Coffeen and Western Railroad Company, for
financial reporting purposes.

Illinois Power reported a net loss of $563 million on $534 million
of revenues for the year ended Dec. 31, 2015, compared to a net
loss of $48 million on $648 million of revenues for the year ended
Dec. 31, 2014.

As of June 30, 2016, the Company had $550 million in total assets,
$986 million in total liabilities, and a total deficit of $436
million.

                          *     *     *

In June 2016, S&P Global Ratings revised its outlook on Illinois
Power Generating Co. to negative from stable.  At the same time,
S&P affirmed the 'CCC+' corporate credit rating and 'CCC+' ratings
on the senior unsecured debt.

In October 2016, Moody's Investors Service downgraded the corporate
family rating, Probability of Default rating (PD) and senior
unsecured rating of Illinois Power Generating Company to 'Ca' from
'Caa3'.  The speculative grade liquidity rating is affirmed at
'SGL-4'.  The rating outlook is negative.


INSTITUTE OF CARDIOVASCULAR: Needs Until May 15 to File Ch. 11 Plan
-------------------------------------------------------------------
Institute of Cardiovascular Excellence, PLLC, and its affiliated
Debtors ask the U.S. Bankruptcy Court for the Middle District of
Florida to extend their exclusive period to file a plan of
reorganization, through and including May 15, 2017 and their
exclusive period to solicit acceptances of a plan through and
including July 17, 2017.

The Debtors tell the Court that although the sale process of its
assets has already been completed, the Debtors, however, are
currently examining claims and possible objections. The Debtors
further tell the Court that said dispositions will have material
impacts on the plan.

In addition, the Debtors contend that they are attempting to
collect all receivables for the estate. The Debtors also contend
that they will be in a better position to determine whether
significant distributions to unsecured creditors will be made once
the funds retrieved are more certain, and the administrative costs
are ascertained.

               About Institute of Cardiovascular Excellence, PLLC

Institute of Cardiovascular Excellence, PLLC, based in Ocala,
Florida, filed a Chapter 11 petition (Bankr. M.D. Fla. Case No.
16-01491) on April 20, 2016.  The petition was signed by Asad
Qamar, manager.  Judge Jerry A. Funk presides over the case.  The
Debtor estimated $0 to $50,000 in assets and $10 million to $50
million in liabilities at the time of the filing.

The Debtor is represented by Aaron A Wernick, Esq., at Furr &
Cohen, PA.  The Debtor employs Jameson Vicars of Jameson Vicars &
Co., CPAS as Accountant; Tracy Mabry Law, PA. as special counsel;
and Ackerman, LLP as special transactional counsel.

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


INTERIOR LOGIC: S&P Assigns 'B' CCR & Rates $255MM Term Loan 'B'
----------------------------------------------------------------
S&P Global Ratings said it assigned its 'B' corporate credit rating
to Interior Logic Group Inc.  The rating outlook is stable.

Affiliates of Platinum Equity LLC, along with company management,
are acquiring Atlanta-based interior installation services company
Interior Logic Group Inc. (ILG).

At the same time, S&P assigned its 'B' issue-level rating (the same
as the corporate credit rating) to the company's proposed $255
million first-lien term loan due 2024.  The recovery rating on the
first-lien term loan is '3', indicating S&P's expectation of
meaningful (50% to 70%, upper half of the range) recovery for
lenders in the event of a payment default.

"The stable rating outlook on ILG reflects our expectation that the
company will be able to sustain pro forma credit measures, with a
debt-to-EBITDA ratio of less than 5x and FFO to debt of at least
12%, over the next 12 months," said S&P Global Ratings Pablo
Garces.  "The outlook further reflects our belief that ILG will
maintain adequate liquidity over the next 12 months."

S&P could raise its corporate credit rating on ILG over the next 12
months if end market demand in new single-family construction
remained steady, growing in the mid-single digit area, causing
EBITDA and leverage to improve, with the latter improving to the
lower half of the 3x area.  Combined with an increase in FFO to
debt of more than 20%, this could cause S&P to reassess ILG's
financial risk profile as aggressive.  Incorporated into the
potential for an upgrade would be S&P's assumption that financial
sponsor ownership would be committed to maintaining leverage at
well under 4x and would refrain from leveraging transactions.

A downgrade is less likely in the next 12 months, given S&P's
favorable outlook for home construction and repair and replacement
spending.  However, S&P could take such an action if the U.S.
housing recovery stalled unexpectedly or the company experienced
difficulties in integrating further acquisitions, increasing
operational costs, and gross margins fell in excess of 200 basis
points compared with S&P's 2017 forecast, causing leverage to
increase to 5x.  S&P's economists place a 20% to 25% probability on
such a new recession.



IOWA HEALTHCARE: Hires Juniper as Investment Banker
---------------------------------------------------
Central Iowa Healthcare seeks authorization from the U.S.
Bankruptcy Court for the Southern District of Iowa to employ
Juniper Advisory LLC as its investment banker.

The Debtor requires Juniper to:

     a. conduct discussions (including individual interviews) with
certain directors, officers, employees, agents and representatives
of the System, and review information provided by or at the
direction of the System to obtain an understanding of the System's
businesses, its goals, and prospects;

     b. review the financial condition of the System;

     c. identify strategic financial options available to the
System to address its business and financial objectives, and
facilitate a process to assist the System in deciding upon a
preferred option;

     d. advise and assist the System in developing both general and
specific strategies for identifying, evaluating, structuring and
consummating a Transaction;

     e. identify, contact, elicit interest from, screen and
evaluate Partners on behalf of the System;

     f. assist the System and its advisors in the preparation of
materials to be distributed to Partners, and the development of
procedures for due diligence conducted by Partners;

     g. present and obtain fully executed copies of confidentiality
agreements from Partners;

     h. conduct discussions with qualified Partners regarding their
interest in a Transaction;

     i. coordinate site and reverse due-diligence visits, as
necessary;

     j. review, evaluate and analyze all proposals that the System
receives from Partners;

     k. assist the System in deciding whether to proceed with a
Transaction or with a particular Partner;

     l. advise the System on financial structures related to a
Transaction;

     m. assist the System in negotiations with Partners;

     n. participate in the preparation of materials for, and attend
meetings with, governmental agencies charged with reviewing or
approving the Transaction; and

     o. participate as necessary in court proceedings in
furtherance of the Transaction, including preparation of written
declarations or affidavits or presentation of testimony in open
court.

The Debtor have agreed to pay Juniper the proposed compensation and
expense reimbursements in the Engagement Letter:

     a. A Retainer Fee of $25,000 per calendar month, beginning
upon the signing of this Agreement and continuing until the
earliest of (i) the date on which the Transaction closes, or (ii)
the date on which this Agreement terminates. The Retainer Fee shall
be nonrefundable and non-creditable against any Transaction Fees,
as described below.

     b. If the System consummates a Transaction with a Partner
during the term of this Agreement, or within 18 months after the
termination of this Agreement (the "Tail Period"), the System shall
pay to Juniper a cash fee (the "Transaction Fee") equal to:

           i. $60,000 once Aggregate Consideration reaches
              $7.5 million, plus

          ii. 0.75% of Aggregate Consideration between
              $7.5 million and $13.0 million, plus

         iii. 4% of Aggregate Consideration between
              $13 milliom and $15 million, plus

          iv. 5% of Aggregate Consideration in excess
              of $15 million.

Prior to the filing of this Application, CIH and Juniper executed
an investment banking agreement dated February 8, 2016, and
pursuant thereto, Juniper received approximately $71,464.15 in
compensation for services rendered between February 2016 and
September 2016. Upon filing of the bankruptcy case, Juniper filed a
proof of claim for accrued but unpaid fees and costs incurred for
providing pre-petition services in the approximate amount of
$703,550.99.

David Gordon, principal of Juniper Advisory, LLC, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

Juniper may be reached at:

       David Gordon
       Juniper Advisory, LLC
       191 North Wacker Drive, Suite 900
       Chicago, IL 60606
       Phone: 312.506.3007
       Email: dgordon@juniperadvisory.com

               About Central Iowa Healthcare

The Central Iowa Healthcare, formerly doing business as
Marshalltown Medical Surgical Center, is a not-for-profit
corporation formed under the laws of the State of Iowa, and is tax
exempt pursuant to Section 501(c)(3) of the Internal Revenue Code.
It is governed by a 14-member Board of Trustees of which two
members serve on an ex-officio basis.

CIH operates a community hospital in Marshalltown, Iowa, which is
located between Des Moines and Cedar Rapids. Its 49-bed, acute care
facility is the only full-service medical center in the area.

CIH is the sixth largest employer in Marshalltown. According to
U.S. Census 2015 data, Marshalltown's population is estimated at
27,620 and a median income of $50,396.

Declining revenues over the past several years have placed a
considerable financial strain on CIH and led to uncertainty about
the hospital's ability to continue as a going concern.

CIH sought Chapter 11 protection (Bankr. S.D. Iowa Case No.
16-02438) on Dec. 20, 2016.  The petition was signed by Dawnett
Willis, acting CEO.  The Debtor disclosed $81.91 million total
assets and $20.02 million total liabilities.

The case is assigned to Judge Anita L. Shodeen. The Debtor hired
Bradshaw,Fowler, Proctor & Fairgrave, P.C. as its legal counsel,
and Alvarez & Marsal Healthcare Industry Group, LLC as its
financial advisor. The Debtor engaged Andy Wang, Esq., at Wang
Kobayashi Austin, LLC as special counsel.

The U.S. Trustee for the Southern appointed Susan N. Goodman as
the patient care ombudsman for CIH.

On Dec. 28, 2016, the U.S. Trustee appointed an official committee
of unsecured creditors. The Official Committee is represented by
Francis J. Lawall, Esq., at Pepper Hamilton LLP.


ITT EDUCATIONAL: Capital World Says It's No Longer a Shareholder
----------------------------------------------------------------
Capital World Investors disclosed in an amended Schedule 13G filed
with the Securities and Exchange Commission that as of Dec. 30,
2016, it has ceased to beneficially own shares of common stock of
ITT Educational Services, Inc.  A full-text copy of the regulatory
filing is available for free at https://is.gd/5yfDgw

                      About ITT Educational

ITT Educational Services, Inc., is a proprietary provider of
post-secondary degree programs in the United States based on
revenue and student enrollment.  As of Dec. 31, 2015, ITT was
offering: (a) master, bachelor and associate degree programs to
approximately 45,000 students at ITT Technical Institute and Daniel
Webster College locations; and (b) short-term information
technology and business learning solutions for individuals.

ITT Educational and its subsidiaries ESI Service Corp. and Daniel
Webster College, Inc. ceased operations and commenced bankruptcy
proceedings by filing voluntary petitions for relief under
Chapter 7 of the Bankruptcy Code (Bankr. S.D. Ind.) on
Sept. 16, 2016.


JARICK LLC: Seeks to Hire Eric A. Liepins as Legal Counsel
----------------------------------------------------------
Jarick, LLC seeks approval from the U.S. Bankruptcy Court for the
Northern District of Texas to hire legal counsel.

The Debtor proposes to hire Eric A. Liepins, P.C. to give legal
advice regarding its duties under the Bankruptcy Code, and provide
other legal services related to its Chapter 11 case.

Eric Liepins, Esq., will be paid $275 per hour for his services.
The hourly rates charged by the firm for its paralegals and legal
assistants range from $30 to $50.

Mr. Liepins disclosed in a court filing that his firm does not
represent any interest adverse to the Debtor's bankruptcy estate.

The firm can be reached through:

     Eric A. Liepins, Esq.
     Eric A. Liepins, P.C.
     12770 Coit Road, Suite 1100
     Dallas, TX 75251
     Telephone: (972) 991-5591
     Telecopier: (972) 991-5788

                        About Jarick LLC

Jarick, LLC sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N. D. Texas Case No. 17-40531) on February 7, 2017.
At the time of the filing, the Debtor estimated assets of less than
$100,000 and liabilities of less than $1 million.


JN MEDICAL: Voluntary Chapter 11 Case Summary
---------------------------------------------
Debtor: JN Medical Corporation
        2720 North 84th Street
        Omaha, NE 68134

Case No.: 17-80174

Chapter 11 Petition Date: February 15, 2017

Court: United States Bankruptcy Court
       District of Nebraska (Omaha Office)

Judge: Hon. Thomas L. Saladino

Debtor's Counsel: Patrick Raymond Turner, Esq.
                  STINSON LEONARD STREET LLP
                  1299 Farnam Street, Suite 1500
                  Omaha, NE 68102
                  Tel: (402) 342-1700
                  Fax: (402) 829-8736
                  E-mail: patrick.turner@stinsonleonard.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Kevin Aramalla, president.

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

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

           http://bankrupt.com/misc/neb17-80174.pdf


JONESBORO HOSPITALITY: Case Summary & 16 Top Unsecured Creditors
----------------------------------------------------------------
Debtor: Jonesboro Hospitality, LLC
           dba FairBridge Inn & Suites
        5119 Burkett Drive
        Frisco, TX 75034

Case No.: 17-40311

Chapter 11 Petition Date: February 15, 2017

Court: United States Bankruptcy Court
       Eastern District of Texas (Sherman)

Judge: Hon. Brenda T. Rhoades

Debtor's Counsel: Joyce W. Lindauer, Esq.
                  JOYCE W. LINDAUER ATTORNEY, PLLC
                  12720 Hillcrest Road, Suite 625
                  Dallas, TX 75230
                  Tel: (972) 503-4033
                  Fax: (972) 503-4034
                  E-mail: joyce@joycelindauer.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Payal Nanda, principal.

A copy of the Debtor's list of 16 largest unsecured creditors is
available for free at http://bankrupt.com/misc/txeb17-40311.pdf


KALLSTRAND LLC: Hires Gleichenhaus Marchese as General Counsel
--------------------------------------------------------------
Kallstrand, LLC authorization from the U.S. Bankruptcy Court for
the Western District of New York to employ Gleinchenhaus Marchese &
Weishaar PC as general counsel.

The Debtor requires GMW to:

      a. give the Debtor legal advice with respect to its powers
and duties as Debtor-in-Possession in the continued operation of
its business and in the management of its assets;

      b. take necessary action to avoid liens against the Debtor's
property, remove restraints against the Debtor's property and such
other actions to remove any encumbrances of liens which are
avoidable, which were placed against the property of the Debtor
prior to the filing of the Petition instituting this proceeding and
at a time when the Debtor was insolvent;

      c. take necessary action to enjoin and stay until final
decree any attempts by secured creditors to enforce liens upon
property of the Debtor in which property the Debtor has substantial
equity;
  
      d. represent Kallstrand as Debtor-in-Possession in any
proceedings which may be instituted in this Court by creditors or
other parties during the course of this proceeding;

      e. prepare on behalf of Kallstrand, as Debtor-in-Possession,
necessary petitions, answers, orders, reports, and other legal
papers; and

      f. perform other legal services for the Debtor as
Debtor-in-Possession, or to employ attorneys for such services.

GMW lawyers and professionals who will work on the Debtor's case
and their hourly rates are:

     Robert B. Gleichenhaus, Esq.           $300
     Michael A. Weishaar, Esq.              $350
     Paralegals and Legal Secretaries       $80

As of the Filing, GMW held a net retainer in the amount of $8,500.

Michael A. Weishaar, Esq., of Gleinchenhaus Marchese & Weishaar PC,
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.

GMW may be reached at:

       Michael A. Weishaar, Esq.
       Gleinchenhaus Marchese & Weishaar PC
       930 Convention Tower, 43 Court Street
       Buffalo, NY 14202
       Tel: (716)845-6446

                  About Kallstrand, LLC

Kallstrand, LLC filed a Chapter 11 bankruptcy petition (Bankr.
W.D.N.Y. Case No. 17-20008) on January 6, 2017. Michael A.
Weishaar, Esq., at Gleinchenhaus Marchese & Weishaar PC serves as
bankruptcy counsel.  The Debtor's assets and liabilities are both
below $1 million.


KEYPOINT GOVERNMENT: S&P Affirms 'B' CCR; Outlook Stable
--------------------------------------------------------
S&P Global Ratings said that it affirmed its 'B' corporate credit
rating on Loveland, Colo.-based KeyPoint Government Solutions Inc.
The outlook is stable.

At the same time, S&P assigned its 'B' issue-level rating to the
company's proposed first-lien credit facilities, including a
$15 million revolving facility expiring in 2022 and a $250 million
term loan due in 2024.  The recovery rating on the first-lien
facility is '3', which indicates S&P's expectation for lenders to
receive meaningful (lower end of the 50%-70% range) recovery in the
event of a payment default.

S&P estimates KeyPoint's pro forma adjusted debt was approximately
$257 million as of Dec. 31, 2016, which includes S&P's adjustment
for operating leases.

The rating affirmation reflects S&P's view that pro forma debt to
EBITDA as of Dec. 31, 2016, will increase to near 5.3x including
the proposed first-lien facilities from 2.8x before the refinancing
transaction.  S&P had already factored into the rating that the
company would increase leverage given its ownership by a financial
sponsor.  Financial sponsors typically apply aggressive financial
policies and higher leverage to enhance shareholder returns.  In
the case of KeyPoint, however, S&P believes that leverage is
limited as the company's revenue concentration with OPM and other
agencies presents heightened event risk and the potential loss of
caseload volume for any reason.  S&P expects debt to EBITDA will
improve to near 4.8x as of Dec. 31, 2017. Also, S&P expects no
further borrowing and forecast debt to EBITDA leverage will
strengthen to near 4.5x in 2018 from modest EBITDA expansion and
regular loan amortization.  S&P's forecast also expects that funds
from operations (FFO) to debt will remain near 10% in 2017 and
2018.

Importantly, S&P expects KeyPoint will maintain its certification
to perform background investigations for OPM and other U.S.
government agencies.  S&P's forecast reflects that revenue will
modestly accelerate from current levels as the industry chips away
at the OPM backlog that is not expected to be cleared until 2021
and enhanced pricing in the new OPM contract.  S&P also expects
margins will slightly expand in 2017 and 2018 as newly hired
investigators become more productive after completing onboarding
and certification training.  S&P also expects the company to
continue to keep tight control on operating expenses and that there
is no change to the management fee remitted quarterly to Veritas.

Following the closing, S&P forecasts FFO to debt will be maintained
near 10%, with FFO about $25 million, in 2017 and 2018. More
generally, KeyPoint's cash flow is supported by the company's low
capital spending and minimal working capital requirements.  The
company's business practices include daily invoicing to OPM for
work performed, with payments typically received within 10 days
with minimal disputes.

S&P's ratings also reflect the company's narrow business focus as a
background screening provider for security clearances with a
preponderance of its business derived from the U.S. government. OPM
represents about 85% of revenue.  The company has other direct
relationships with the Department of Homeland Security (DHS), U.S.
Immigration and Customs Enforcement (ICE), and other intelligence
community agencies.  In addition, S&P expects the company will
maintain its certification and position as the leading provider of
field investigative services to OPM through the remaining term of
the contract expiring in 2021.  This is despite a recent OPM
initiative to broaden screening service providers to include CSRA
Inc., CACI International Inc., and Securitas AB.  S&P expects the
backlog for required background investigations to continue through
at least 2021, providing solid industry tailwinds and good revenue
visibility.  Nevertheless and despite providing screening services
to numerous government agencies under the auspices of OPM, the
revenue concentration renders the company highly susceptible to the
loss of caseload volume from OPM.  S&P understands that the company
has in place all necessary security protocols and is regularly
audited by OPM and other agency clients with no negative actions
thus far noted.

S&P's rating on KeyPoint also reflects S&P's expectation that
debt-to-EBITDA leverage is above 5x at closing on a pro forma basis
and will be sustained below 5x in 2017 and 2018.

S&P's expectation is based on these key outcomes of its forecast:

   -- U.S. real annual global GDP growth of 1.6% in 2017 and 2.4%
      in 2018, and U.S. unemployment falling to 4.9% in 2017 and
      4.6% in 2018.  These macroeconomic trends should support
      continued modest organic category growth.

   -- S&P expects revenue to increase about 2% in 2016 and 2017,
      reflecting steady caseload volume as OPM works down the
      backlog and better pricing on the new contract while OPM
      diversifies its service providers.

   -- EBITDA margin will increase to the mid-21% area in 2017 and
      near that in 2018 from solid expense management and more
      efficient investigating staff.

   -- FFO of about $25 million annually and free cash flow of
      about $25 million in 2017 and 2018.

   -- Capital spending of about between $1.5 million and
      $2 million per year, as this is a low capital-intensive
      industry.

   -- No dividends or shareholder distributions.

S&P revised its assessment of KeyPoint's liquidity to adequate from
less than adequate because the company was able to refinance its
maturing term loan.  S&P's assessment reflects its forecast that
sources of cash will exceed uses by at least 1.2x over the next 12
months and that sources will continue exceeding uses even if EBITDA
declines 15%.  However, based on its relatively weak credit
standing, S&P do not believe KeyPoint could absorb a high-impact,
low-probability event without refinancing.  Such an event could
include a security breach or the loss of one or more major service
programs.  Nevertheless, S&P believes the company should withstand
adverse market circumstances over the next 12 months with
sufficient liquidity to meet its obligations.

After considering the distribution and refinancing transactions,
S&P expects that KeyPoint's liquidity profile will remain adequate.


Principal liquidity sources:

   -- Pro forma cash of $10 million as of Dec. 31, 2016;
   -- Full access to the $15 million revolving credit facility
      expiring in 2022; and
   -- Forecast cash FFO of about $24 million in 2017.

Principal liquidity uses:

   -- Capital expenditures of about $1 million in 2017 and
      $1.5 million in 2018;
   -- Term loan amortization of nearly $2 million in 2017 and
      $2.5 million per year thereafter, with the remaining
      outstanding balance due in 2024; and
   -- Intrayear working capital requirement of about $10 million.

The credit agreement is governed by a maximum net total leverage
covenant that is not set at this time, and S&P expects a 35%
cushion.  Nevertheless, S&P expects the company to have full access
to the revolver during our forecast period.

The stable outlook reflects S&P's expectation that KeyPoint's
debt-to-EBITDA leverage will be sustained at about 5x and FFO to
debt near 10% following close of the proposed first-lien
facilities.  S&P expects the company's operating performance will
be supported by the company's leading position as a background
screening provider to OPM and other U.S. government agencies, good
revenue visibility from the government backlog, solid expense
management, and cash flow during the forecast period.

Downside scenario

S&P could lower its ratings if KeyPoint's credit metrics are
projected to weaken considerably, including debt to EBITDA
sustained above 5.5x, free cash flow turning negative, or if the
company fails to maintain at least an adequate liquidity
assessment.  This could occur from a significant loss or disruption
in caseload volume from OPM, possibly due to a data breach or other
reputation-damaging event, an unexpected shareholder distribution,
or a debt-financed acquisition.  S&P estimates this could occur if
EBITDA declines by approximately 15% (assuming debt and EBITDA as
per S&P's base-case scenario for 2017).

Upside scenario

Although unlikely in the next year, S&P could raise its ratings if
KeyPoint were to broaden its service offering while also
maintaining its position as a leading service provider to OPM and
commit to sustaining debt-to-EBITDA leverage near or below 4x while
maintaining at least an adequate liquidity assessment.  For this to
occur, S&P believes the financial sponsor would need to decrease
its ownership of the company.

   -- S&P assigned its issue-level and recovery ratings of 'B' and

      '3' to KeyPoint's first-lien revolver and term loan.

   -- S&P continues to value the company as a going concern, using

      a 5x multiple of S&P's projected emergence EBITDA.

   -- S&P estimates that for KeyPoint to default, EBITDA would
      need to decline significantly, representing a material
      deterioration from the current state of the business.

Simplified recovery waterfall

   -- Emergence EBITDA: $28.6 million
   -- Multiple: 5x
   -- Gross recovery value: $150.9 million
   -- Net enterprise value for waterfall after admin. expenses
      (5%): $143.1 million
   -- Obligors/nonobligor valuation split: 100%/0%
   -- Remaining recovery value: $143.1 million
   -- Estimated first-lien claim: $265.5 million
      -- Recovery expectation: 50%-70% (lower half of the range)



L. FROMELIUS INVESTMENT: Hires Paine/Wetzel as Real Estate Broker
-----------------------------------------------------------------
L. Fromelius Investment Properties LLC seeks authorization from the
U.S. Bankruptcy Court for the Northern District of Illinois to
employ Paine/Wetzel Associates Inc., as real estate broker.

The Debtor requires Paine/Wetzel to:

     a. meet the Debtor to ascertain its goals, objections, and
financial parameters;

     b. help the Debtor analyze and value competing offers and
helping the Debtor determine the offer or offers that represent the
highest and best for the Seneca Property;

     c. provide testimony, either live or through affidavit, in
Bankruptcy Court in connection with the Debtor's efforts to obtain
approval to sell the Seneca Property;

     d. design and execute a comprehensive marketing plan, creating
a teaser (both physical and digital), create and produce a
high-quality postcard, recommend for placement of print
advertisement and digital advertisement, prepare and send mass
emails to internal databases and assist in conducting any auctions
for the Seneca Property;

     e. negotiate the terms of the sale of the Seneca Property at
the Debtor's direction and on the Debtors behalf; and

     f. compile any written information with respect to the Seneca
Property, assist in any due diligence inquiries, and use
commercially reasonable efforts to market and sell the Seneca
Property.

The Brokerage Agreement between the parties compensates
Paine/Wetzel on a commission basis. The commission is 6% of the
selling price if there is a cooperating broker, 5% if Paine/Wetzel
is the sole broker, and 3% if the Debtor brings its own buyer.

Edward Wabick, principal of Paine/Wetzel Associates 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.

Paine/Wetzel may be reached at:

      Edward Wabick
      Paine/Wetzel Associates Inc.
      8725 W. Higgins Road, Suite 800
      Chicago, IL 60631
      Tel: (773)714-9300
      Fax: (773)714-8253

              About L. Fromelius Investement Properties

L. Fromelius Investement Properties, LLC filed a Chapter 11
petition (Bankr. N.D. Ill. Case No. 15-22943) on July 2, 2015, and
is represented by William J. Factor, Esq., Ariane Holtschlag, Esq.,
and Jeffrey K. Paulsen, Esq., at FACTORLAW.


LARK TRANSPORTATION: Hires Lester & Associates as Counsel
---------------------------------------------------------
Lark Transportation Corp., seeks authorization from the U.S.
Bankruptcy Court for the Eastern District of New York to employ
Lester & Associates, PC as counsel.

The Debtor requires Lester & Associates to represent the Debtor in
this Chapter 11 Bankruptcy Case and perform legal services for the
Debtor which may be necessary.

Lester & Associates will be paid at these hourly rates:

      Partners                     $375
      Associates                   $200-$275
      Legal Assistants             $90-$100

On February 3, 2017, a $10,000 retainer was paid to Lester &
Associates, PC by the Debtor's principal, Michael Hinds.

Roy J. Lester, Esq., principal of the law firm of Lester &
Associates, PC, 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.

Lester & Associates may be reached at:

      Roy J. Lester, Esq.
      Lester & Associates, PC
      600 Old Country Road, Suite 229
      Garden City, NY 11530
      Phone: (516)357-9191
      E-mail: rlester@rlesterlaw.com

               About Lark Transportation Corp.

Lark Transportation Corp. filed a Chapter 11 bankruptcy petition
(Bankr. E.D.N.Y. Case No. 17-70372) on January 23, 2017.  The
Debtor's assets and liabilities are both below $1 million.


LIFELINE SLEEP: Needs Additional 150 Days to File Chapter 11 Plan
-----------------------------------------------------------------
Lifeline Sleep Center, LLC requests the U.S. Bankruptcy Court for
the Western District of Pennsylvania to extend the period within
which Debtor has the exclusive right to file a plan of
reorganization, for an additional 150 days.

The Debtor tells the Court that it is still in active negotiations
with its creditors and needs additional time to resolve several
outstanding issues. The Debtor also tells the Court that these
negotiations are both complex and time consuming, and as such, the
Debtor requires additional time to finalize said negotiations.

The Debtor believes that a successful completion of the
negotiations would result in a mutual benefit to both the Debtor
and its creditors. The Debtor adds that the results of those
negotiations will control the formulation of Debtor's plan.

                   About Lifeline Sleep Center

Lifeline Sleep Center, LLC, operates several specialty outpatient
sleep centers, with a principal place of business at 2030 Ardmore
Boulevard, Suite 251, Pittsburgh, PA 15221.

Lifeline Sleep Center, LLC, sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. W.D. Pa. Case No. 16-24201) on Nov. 10,
2016.  The petition was signed by Mark Kegg, owner.  At the time of
the filing, the Debtor estimated had less than $50,000 in estimated
assets and $500,000 to $1 million in estimated liabilities. Brian
C. Thompson, Esq., at Thompson Law Group, P.C., serves as the
Debtor's legal counsel.

The Office of the U.S. Trustee on Dec. 15 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Lifeline Sleep Center, LLC.


LINDSAY GENERAL: To Raise $300,000 to Enhance Cash Position
-----------------------------------------------------------
Lindsay General Insurance Agency, et al., filed with the U.S.
Bankruptcy Court for the Northern District of Georgia a renewed and
restated joint disclosure statement referring to the Debtors' plan
of reorganization.

Class 6 claims consist of the unsecured claims of all other
creditors, including the unsecured portion of the allowed claim of
Gulf Coast Bank & Trust Company.  This class is impaired by the
Plan.

All intercompany Debtor obligations will be cancelled as of the
Effective Date.  All the rest and remainder of the creditors and
parties-in-interest of the constituent Debtor entities (with the
exceptions of Drivers Insurance Group, Inc., and any of the other
Debtor entities holding intercompany obligations), will receive a
pro-rated payment within six months of the Effective Date out of
the $100,000 contribution to the New Equity Fund.  Alternatively,
any Class 6 creditor will have the option to cancel its claim in
exchange for common voting stock at a percentage pro-rated to the
total Class 6 debt.  This option will apply to the remaining 50% of
equity/stock ownership in the Reorganized Debtor, as Class 4
(Receiver of Drivers Insurance Company) and Class 5 (Receiver of
National Guaranty Insurance Company) Creditors will hold the other
50% under the Plan.  The Debtors will have 60 days from entry of
the court order approving the Disclosure Statement within which to
solicit the investor/creditor contributions.  At the conclusion of
the 60-day period, the Debtors will file with the Court, within
three business days, a report of the creditor/investor
contributions.  

The Reorganized Debtor will raise $300,000 to enhance its cash
position.  It is intended that $150,000 will be in the form of a
new institutional loan or loans.  Presently, the Debtors do not
have a formal loan commitment in that amount.  However, it is the
best knowledge and information of the principal of the Debtor, Alex
Campos, that, upon confirmation of the Plan, the loan will be
forthcoming based on the experience of Mr. Campos in the matters
and upon preliminary conversations with prospective lenders.  The
other $150,000 will be placed by any investors who are creditors in
these cases into the new equity fund and $100,000 of which will be
used to fund the Plan's payment to Class 6.  The remaining $50,000
will be used for start-up operations.  In the event
creditor/investors do not fund up to $150,000, proposed management
will provide such funds in exchange for equity.

The Renewed and Restated Disclosure Statement is available at:

         http://bankrupt.com/misc/ganb13-52728-375.pdf

As reported by the Troubled Company Reporter, the Debtors have
filed a plan of reorganization that offers 70% of the equity of
GetAutoInsurance.com, LLC, the surviving entity upon exit from
bankruptcy.  It is anticipated that part and parcel of the
reorganization of Lindsay General Insurance Agency, LLC, Destiny
General Agency, LLC, Get AUtoInsurance.com Agency, LLC and MAP
General Agency, Inc., will be the consolidation of the four
bankrupt entities with the new entity being named
GetAutoInsurance.com, LLC, which will be a Georgia limited
liability company.

           About Lindsay General Insurance Agency

Duluth, Georgia-based Lindsay General Insurance Agency, LLC, filed
a bare-bones Chapter 11 bankruptcy petition (Bankr. N.D. Ga. Case
No. 13-52732) in Atlanta on Feb. 7, 2013.  The Debtor estimated
assets and debts of $10 million to $50 million.  The Debtor is
represented by Evan M. Altman, Esq., and George Geeslin, Esq., in
Atlanta.

The U.S. Trustee for Region 21 notified the Court that no
committee of creditors holding unsecured claims has been
appointed.


LODGE PARTNERS: Unsecured Creditors to Get $50K Over 3 Years
------------------------------------------------------------
Lodge Partners, LLC, filed with the U.S. Bankruptcy Court for the
District of Arizona their first amended disclosure statement in
support of its first amended plan of reorganization, dated Feb.
2017, which proposes to give general unsecured claimants a pro-rata
distribution of $50,000.

The goal of the proposed Plan is to continue the operation of the
Debtor's business and for Coastal Hotel Group to be the third party
hospitality manager.  The continuing business will allow the Debtor
to repay prepetition unsecured creditors and to conduct business
with trade vendors while maintaining employment of approximately 70
property employees, who would be managed by the Debtor, the on-site
general manager, and Coastal Hotel.

Class 7 under the amended plan consists of the general unsecured
claims of the Debtor that do not have recourse against collateral.
The unsecured claims of non-insiders of the Debtor total
approximately $213,433.

Holders of allowed Class 7 claims will receive a pro-rata
distribution of $50,000 on the Effective Date and on each
anniversary of the Effective date for the next three years. This
class is impaired.

General unsecured creditors were previously classified in Class 9
under the original plan.

The original plan provided that in the event that the holder of the
Class 4 Secured Claim of Palatine Tucson, L.L.C., claim elects
Option B treatment under Section 1111(b) or under Option C
treatment for a cash discount, the Class 9 allowed claims will
receive 75% of their claim on the Effective Date, with the balance
paid in full before the 6th anniversary of the Effective Date. In
the event that the holder of the Class 4 claim elects Option A, the
Debtor will fund a Fund for unsecured/undersecured creditors, in
which the holder of allowed claims will share pro rata. The Fund
will receive a minimum of $50,000 per year for four years or
additional monies representing after-tax profits generated by the
Debtor.

Monetary funding of the Plan will come from exit financing and the
post-petition operation of the Debtor. Allowed claims of the Debtor
will be paid from these sources; the Plan pays all creditors from
these sources of funds. The reorganized Debtor will continue to
operate its hotel and restaurant.

The Debtor's business operations post-petition will be funded by
Lodge in Tucson, LLC.  The Debtor has sought Court approval to
obtain financing from Lodge in Tucson to maintain Debtor's
operations and to preserve its going concern during the pending of
the bankruptcy. Additional funding necessary to make Effective Date
payments will be funded by Lodge in Tucson estimated currently to
be more than $540,000 as new value to the Reorganized Debtor.

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

         http://bankrupt.com/misc/azb4-16-13418-128.pdf

                  About Lodge Partners

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

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

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


LOVE GRACE: Hires Heller Draper as Counsel
------------------------------------------
Love Grace Holdings, Inc., seeks authorization from the U.S.
Bankruptcy Court for the Middle District of Louisiana to employ the
law firm of Heller, Draper, Patrick, Horn & Dabney, LLC as counsel
for the Debtor, nunc pro tunc to January 20, 2017.

The Debtor requires Heller Draper to:

      a. advise the Debtor with respect to its rights, powers and
duties as Debtor and Debtor in Possession in the continued
operation and management of its business and property;

      b. prepare and pursue confirmation of a plan of
reorganization and approval of a disclosure statement;

      c. prepare on behalf of the Debtor all necessary
applications, motions, answers, proposed orders, other pleadings,
notices, schedules and other documents, and review all financial
and other reports to be filed;

      d. advise the Debtor concerning and preparing responses to
applications, motions, pleadings, notices and other documents which
may be filed by other parties herein;

      e. appear in Court to protect the interests of the Debtor
before this Court;

      f. represent the Debtor in connection with use of cash
collateral and/or obtaining postpetition financing;

      g. advise the Debtor concerning and assisting in the
negotiation and documentation of financing agreements, cash
collateral orders and related transactions;

      h. investigate the nature and validity of liens asserted
against the property of the Debtor, and advise the Debtor
concerning the enforceability of the liens;

      i. investigate and advise the Debtor concerning, and take
such action as may be necessary to collect, income and assets in
accordance with applicable law, and the recovery of property for
the benefit of the Debtor's estate;

      j. advise and assist the Debtor in connection with any
potential property dispositions;

      k. advise the Debtor concerning executory contract and
unexpired lease assumptions, assignments and rejections and lease
restructuring, and recharacterizations;

      l. assist the Debtor in reviewing, estimating and resolving
claims asserted against the Debtor's estate;

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

      n. perform other legal services for the Debtor which may be
necessary and proper in this case.

Heller Draper lawyers and professionals who will work on the
Debtor's case and their hourly rates are:

      Douglas S. Draper             $400
      Other Senior Partners         $400
      Leslie Collins                $375
      Greta M. Brouphy              $350
      Other Associates              $275
      Paralegals                    $90

Heller Draper's hourly billing rates for bankruptcy work:   

      Members                       $475-$375
      Associates                    $375-$250
      Paralegals                    $100-$75

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

Douglas S. Draper, Esq., a member of the law firm of Heller,
Draper, Patrick, Horn & Dabney, LLC, assured the Court that the
firm is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code and does not represent any interest
adverse to the Debtor and its estates.

Heller Draper may be reached at:

       Douglas S. Draper, Esq.
       Heller, Draper, Patrick, Horn & Dabney, LLC
       650 Poydras Street, Suite 2500
       New Orleans, LA 70130
       Tel: (504)299-3333
       E-mail: ddraper@hellerdraper.com

                   About Love Grace Holdings

Love Grace Holdings, Inc., doing business as Apricot Lane and Blu
Spero Boutique, operates a series of retail clothing outlets in
malls.  The locations are in Florida, Alabama, Louisiana and
Mississippi.

Love Grace Holdings filed a chapter 11 petition (Bankr. M.D. La.
Case No. 17-10057) on Jan. 20, 2017.  The petition was signed by
Arthur A. Lancaster, Jr., president and sole shareholder.  The case
is assigned to Judge Douglas D. Dodd.  The Debtor estimated assets
and liabilities at $1 million to $10 million.

The Debtor is represented by Greta M. Brouphy, Esq., and Douglas S.
Draper, Esq., at Heller, Draper, Patrick, Horn & Dabney, LLC.

On February 6, 2017, the U.S. trustee for Region 5 appointed an
official committee of unsecured creditors.  No trustee or examiner
has been appointed or designated in the case.


LSB INDUSTRIES: Robert Robotti Reports 7.9% Stake as of Dec. 31
---------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, these reporting persons disclosed beneficial ownership
of shares of common stock of LSB Industries, Inc. as of Dec. 31,
2016:

                                      Shares      Percentage
                                   Beneficially       of
Reporting Person                      Owned        Shares
----------------                  ------------   ----------
Robert E. Robotti                    2,192,085       7.9%
Robotti & Company, Incorporated      2,182,085       7.8%
Robotti & Company Advisors, LLC      2,163,032       7.8%
Robotti & Company, LLC               18,883       Less Than 1%
Kenneth R. Wasiak                    1,024,801       3.7%
Ravenswood Management Company, LLC   1,024,801       3.7%
The Ravenswood Investment Company LP 655,159         2.4%   
Ravenswood Investments III, L.P.     369,642         1.3%
Suzanne Robotti                      10,000       Less Than 1%
Daniel Vitetta                       30           Less Than 1%

The percentages are based on an aggregate of 27,911,540 shares of
Common Stock, par value $0.10 per share, outstanding as of Oct. 28,
2016, as disclosed in LSB Industries' Quarterly Report on Form
10-Q, for the quarter ended Sept. 30, 2016.

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

                      https://is.gd/H2bpOE

                 About LSB Industries, Inc.

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

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

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

                         *    *    *

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

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


LSB INDUSTRIES: Tontine Asset Reports 6.8% Stake as of Dec. 31
--------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Tontine Asset Associates, LLC reported that as of Dec.
31, 2016, it beneficially owns 1,898,180 shares of common stock of

LSB Industries, Inc. representing 6.8 percent of the shares
outstanding.  TTR Associates, LLC beneficially owns 200,062 common
shares while Jeffrey L. Gendell beneficially owns 2,098,242 common
shares as of that date.  A full-text copy of the regulatory filing
is available for free at https://is.gd/aSsw1g

                 About LSB Industries, Inc.

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

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

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

                         *    *    *

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

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


LVBK LLC: Selling Six Nevada Properties for $1 Million to Pay Banks
-------------------------------------------------------------------
LVBK, LLC, asks the U.S. Bankruptcy Court for the District of
Nevada to authorize the sale of six Nevada properties for
$1,030,000.

A hearing on the Motion is set for March 29, 2017 at 1:30 p.m.

The Debtor had acquired a number of properties from auctions that
were held in the Court.  The Debtor then attempted to work with the
lenders but the lenders would not cooperate with the Debtor and
commenced foreclosure.  The Debtor then filed bankruptcy in
November 2014 to stop the foreclosures.

The Debtor was able to get a plan of reorganization confirmed on
Oct. 14, 2016.  The Debtor had filed a motion to close the
bankruptcy as was attempting to sell one of the properties to pay
off the attorney fees and costs approved in the case.  The Banks
would not give a payoff amount nor would they provide a release to
their deed of trust.  The Debtor has been forced to file the Motion
to sell the properties free and clear of liens.  With the court
order, the sale will be free and clear of liens and the banks will
get paid what they are entitled from the sale of the property.

The properties have been on the market, advertised and sales
efforts to get the highest and best sales price for the properties.
The properties have been marketed through a licensed real estate
agent in the state of Nevada.

The sale of the properties is as follows: (i) 5214 Rappahanock, Las
Vegas, Nevada - $140,000; (ii) 5988 Red Raspberry, Las Vegas,
Nevada - $140,000; (iii) 318 Lingering Lane, Henderson, Nevada -
$225,000; (iv) 2120 Armdale Drive, North Las Vegas, Nevada -
$200,000; (v) 3261 Bridge House Street, North Las Vegas, Nevada -
$160,000; and (vi) 1249 Clagett Lane, Las Vegas, Nevada -
$165,000.

The Purchaser is unrelated to the Debtor and the Trustee. The
Agreement was negotiated, proposed, and entered into by the parties
without collusion, in good faith, and from arm's-length bargaining
positions.  Neither the Trustee nor the Purchaser have engaged in
any conduct that would cause or permit the Agreement, or the
transactions contemplated thereby, to be invalidated or avoided.
Accordingly, upon consummation of the sale transaction contemplated
by the Agreement, the Purchaser will be a buyer in "good faith,"
and, as such, is entitled to the protections afforded thereby.

The Debtor asks the Court to authorize it to pay from the escrow
funds the amount to be paid under the plan of reorganization.  The
Debtor also asks the Court to authorize the Escrow Company to pay
from the sale proceeds at the close of escrow of the sale approved
by an Order on the Motion (i) the broker's commissions as outlined
in the contracts; and (ii) all other reasonable and customary
escrow fees, recording fees, title insurance premiums, and closing
costs necessary and proper to conclude the sale of the Property.

The terms and conditions of the sale transaction as provided for in
the Agreement are fair and reasonable entry into the Agreement on
behalf of the Estate is a sound exercise of the Trustee's
reasonable business judgment; and, the sale transaction
contemplated by the Agreement is in the best interests of
creditors, interest holders and the Estate.  Accordingly, the
Debtor asks the Court to approve the relief sought.

                           About LVBK

LVBK, LLC sought Chapter 11 protection (Bankr. D. Nev. Case No.
14-17789) on Nov. 21, 2014.  Judge August B. Landis is assigned to
the case.  The Debtor estimated assets at $2.84 million and
liabilities at $49,742.  The Debtor tapped David J. Winterton,
Esq., at David J. Winterton & Assoc., Ltd. as counsel.  The
petition was signed by Steven T. Gregory, manager.


LYNEIL MITCHELL: Hires Thompson Law Group as Counsel
----------------------------------------------------
Lyneil Mitchell Physical Therapy, PC d/b/a Revolution Physical
Therapy seeks authorization from the U.S. Bankruptcy Court for the
Western District of Pennsylvania to employ Thompson Law Group, PC
as counsel.

The Debtor requires TLG to:

      a. give legal advice with respect to the Debtor's powers and
duties as debtor-in-possession;

      b. take all necessary action to protect and preserve the
Debtor's estate, including the prosecution of actions on behalf of
the Debtor, the defense of any actions commenced against the
Debtor, negotiations concerning all litigation in which the Debtor
is involved and object to claims filed against the Debtor's
estate;

      c. prepare all necessary motions, answers, reports, orders
and other legal papers in connection with the administration of the
Debtor's estate;

      d. perform any and all other legal services for the Debtor in
connection with their Chapter 11 case; and

      e. perform such legal services as the Debtor may request with
respect to any matter appropriate in assisting the Debtor's effort
to reorganize.

TLG will be paid at these hourly rates:

      Attorneys $250
      Paralegals $90

Prior to the petition date, TLG received a retainer of $5,717 from
the Debtor.

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

Brian C. Thompson, Esq., of Thompson Law Group, PC, 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.

TLG may be reached at:

      Brian C. Thompson, Esq.
      Thompson Law Group, PC
      125 Warrendale-Bayne Road, Suite 200
      Warrendale, PA 15086
      Tel: (724) 799-8404
      Fax: (724) 799-8409
      E-mail: bthompson@thompsonattorney.com

             About Lyneil Mitchell Physical Therapy

Lyneil Mitchell Physical Therapy, PC d/b/a Revolution Physical
Therapy filed a Chapter 11 bankruptcy petition (Bankr. W.D.PA. Case
No. 17-20368) on February 1, 2017.  The Hon. Thomas P. Agresti
presides over the case. Thomas Law Group, PC represents the Debtor
as counsel.

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


MACIEJ PAINT: Court Allows Cash Collateral Use on Interim Basis
---------------------------------------------------------------
Judge Katherine A. Constantine of the U.S. Bankruptcy Court for the
District of Minnesota authorized Maciej Paint Corporation d/b/a
Industrial Painting Specialists, Inc. to use cash collateral on an
interim basis.

Replacement liens were granted to Premier Bank and Twin
Cities-Metro CDC on behalf of the Small Business Administration, on
all post-petition assets of the Debtor, with the same priority,
dignity and effect as the pre-petition liens held by the
creditors.

The Debtor was directed to provide weekly reports consisting of an
accounting of cash receipts and disbursements and new post-petition
accounts receivable to Premier Bank.

A further hearing on the Debtor's Motion is scheduled on March 15,
2017 at 9:30 a.m.

A full-text copy of the Interim Order, dated February 8, 2017, is
available at
http://bankrupt.com/misc/MaceijPaint2017_1730094_30.pdf

             About Maciej Paint Corporation

Maciej Paint Corporation d/b/a Industrial Painting Specialist, Inc.
filed a Chapter 11 bankruptcy petition (Bankr. D.MN. Case No.
17-30094) on January 13, 2017.  The petition was signed by Carol
Maciej, president.  The Debtor is represented by Steven B. Nosek,
Esq., at the Law Office of Steven B. Nosek, PA.  The case is
assigned to Judge Katherine A. Constantine.  At the time of the
filing, the Debtor estimated $0 to $50,000 in assets and $1 million
to $10 million in liabilities.



MADDD WEST: Seeks to Hire Goldberg Weprin as Legal Counsel
----------------------------------------------------------
MADDD West 38 LLC seeks approval from the U.S. Bankruptcy Court for
the Eastern District of New York to hire legal counsel in
connection with its Chapter 11 case.

The Debtor proposes to hire Goldberg Weprin Finkel Goldstein LLP to
give legal advice regarding its duties under the Bankruptcy Code,
pursue a closing under a contract it entered into to purchase real
property in New York, and provide other legal services.

The hourly rates charged by the firm for associates range from $275
to $425.  Goldberg partners charge an hourly rate of $550.

Kevin Nash, Esq., disclosed in a court filing that his firm does
not represent any creditor of the Debtor.

The firm can be reached through:

     Kevin J. Nash, Esq.
     Goldberg Weprin Finkel Goldstein LLP
     1501 Broadway, 22nd Floor
     New York, NY 10036
     Phone: (212) 221-5700

                       About MADDD West 38

Headquartered in Flushing, New York, MADDD West 38 LLC is the
purchaser under a certain contract of sale, as amended, with 402
West 38th Street Corp, to acquire the real property at 402 West
38th Street, New York, New York, for a total purchase price of
$33.45 million including prior deposits of $9.5 million.

MADDD West 38 LLC filed for Chapter 11 bankruptcy protection
(Bankr. Case No. 16-45836) on Dec. 28, 2016, listing $42.95 million
in total assets and $27.57 million in total debts.  The petition
was signed by Joseph Noormand, manager.  

The Debtor is represented by Ted J. Donovan, Esq., at Goldberg
Weprin Finkel Goldstein LLP.  The case is assigned to Judge Carla
E. Craig.  

On January 25, 2017, the Debtor filed its Chapter 11 plan of
reorganization and disclosure statement.  The plan proposes to pay
general unsecured creditors in full from the proceeds of an exit
facility on the effective date of the plan.  


MADDOX FOUNDRY: Hearing on Plan Outline Approval Set for March 23
-----------------------------------------------------------------
The Hon. Karen K. Specie of the U.S. Bankruptcy Court for the
Northern District of Florida will hold a hearing on March 23, 2017,
at 1:30 p.m., Eastern Time, to consider the approval of the
disclosure statement explaining Maddox Foundry and Machine Works,
LLC's Chapter 11 plan dated Feb. 10, 2017.

Objections to the Disclosure Statement must be filed by March 16,
2017.

On or before Feb. 21, 2017, the debtor-in-possession or proponent
of the Plan will transmit the Disclosure Statement and Plan to any
trustee, each committee appointed, the Securities and Exchange
Commission and any party in interest who has requested or requests
in writing a copy of the Disclosure Statement and Plan.

                 About Maddox Foundry & Machine

Maddox Foundry & Machine Works, LLC, sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. N.D. Fla. Case No.
16-40168) on April 7, 2016.  The petition was signed by Mary M.
Hope, president.  The Debtor is represented by Allen Turnage, Esq.,
at the Law Office of Allen Turnage, P.A.

The case is assigned to Judge Karen K. Specie.

The Debtor disclosed total assets of $2.78 million and total debts
of $3.25 million.  A list of the Debtor's 20 largest unsecured
creditors is available for free at
http://bankrupt.com/misc/flnb16-40168.pdf


MADDOX FOUNDRY: McGurn Foundry to Fund Chapter 11 Plan
------------------------------------------------------
Maddox Foundry & Machine Works, LLC, filed with the U.S. Bankruptcy
Court for the Northern District of Florida a disclosure statement
in support of its chapter 11 plan of reorganization.

Due to the general slowdown in the economy, the Debtor was having
difficulty meeting its debt service and operating budget.  A
catastrophic transformer accident in 2014 crippled the Debtor's
manufacturing capability by damaging much of its equipment, further
inhibiting the Debtor's ability to make its budget and debt
service.  The Debtor fell behind on its debt service to Renasant
Bank, which holds a first mortgage against the Debtor's
manufacturing facility.  Renasant Bank was in the process of
foreclosing its lien against the facility when the instant Chapter
11 Proceeding was filed.

Since the Petition Date, the Debtor has secured funding from a new
lender, McGurn Foundry LLC.  This lender has purchased the first
position of Renasant Bank and now holds the lien against the
Debtor's real estate and manufacturing materials. This lender is
providing all funding for the Debtor's Plan, a single cash payment
to pay all priority debts in full and a dividend to unsecured
creditors. The Debtor has consolidated its operation and reduced
its expenses which will allow the Debtor to successfully complete
its proposed plan of reorganization without further detriment to
its creditors.

The debtor projects income from its streamlined operation will
remain fairly consistent, within the range shown in the monthly
operating reports filed with the court. This budget will allow the
Debtor to maintain its debt service to its new primary lender,
McGurn Foundry LLC.

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

        http://bankrupt.com/misc/flnb16-40168-73.pdf

             About Maddox Foundry & Machine

Maddox Foundry & Machine Works, LLC, sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. N.D. Fla. Case No.
16-40168) on April 7, 2016.  The petition was signed by Mary M.
Hope, president.  The Debtor is represented by Allen Turnage,
Esq.,
at the Law Office of Allen Turnage, P.A. 

The case is assigned to Judge Karen K. Specie.

The Debtor disclosed total assets of $2.78 million and total debts
of $3.25 million.  A list of the Debtor's 20 largest unsecured
creditors is available for free at
http://bankrupt.com/misc/flnb16-40168.pdf


MALLINCKRODT CB: Moody's Gives Ba1 Rating to New Term Loan Due 2024
-------------------------------------------------------------------
Moody's Investors Service assigned a Ba1 rating to the new senior
secured term loan due 2024 and senior secured revolver of
Mallinckrodt International Finance SA and co-issuer Mallinckrodt CB
LLC. Both of these entities are subsidiaries of Mallinckrodt plc.
There are no changes to Mallinckrodt's existing ratings, including
the Ba3 Corporate Family Rating.

Mallinckrodt is upsizing its revolving credit facility to $1
billion from $500 million. Proceeds from the new term loan will be
used to refinance its two tranches of existing term loan B
facilities. After the close of the transaction and debt repayment,
Moody's expects to withdraw the ratings of the existing term
loans.

Rating assigned to Mallinckrodt International Finance S.A.
(co-borrower Mallinckrodt CB LLC):

Ba1 (LGD2) senior secured term loan of $1.862 billion due 2024

Ba1 (LGD2) senior secured revolver upsized to $1.0 billion due
2022

Ratings unchanged:

Mallinckrodt International Finance SA

Ba3 Corporate Family Rating

Ba3-PD Probability of Default Rating

Ba1 (LGD 2) senior secured rating

B1 (LGD 4) guaranteed senior unsecured notes

B2 (LGD 6) unguaranteed senior unsecured notes

SGL-2 Speculative Grade Liquidity Rating

RATINGS RATIONALE

Mallinckrodt's Ba3 Corporate Family Rating is supported by the
company's moderate scale in specialty branded pharmaceuticals,
balanced by Moody's expectation for relatively moderate financial
leverage of around 4.0x debt/EBITDA. The rating is also supported
by strong free cash flow and a healthy liquidity profile. The Ba3
rating is constrained by Mallinckrodt's high concentration of
profits in one product, H.P. Acthar Gel ("Acthar") and in
controlled substances. Acthar accounts for 40% of sales and a
greater share of profits. Acthar is not protected by any patents,
however, companies would face significant hurdles to get a generic
version approved. The company's organic growth in 2017 will be
modest driven by mid-single digit growth of its branded
pharmaceuticals, driven primarily by Acthar. This will be partially
offset by double digit declines in its specialty generics segment
(including declines related to Methylphenidate ER). The ratings are
also constrained by Mallinckrodt's aggressive appetite for
acquisitions that will likely lead to increased leverage from time
to time, and risks inherent in a rapidly executed business
strategy. Moody's anticipates that in 2017 the company's capital
deployment will be used primarily for acquisitions, with only
modest debt repayment. Moody's estimates that the company has more
than $800 million in cash and will have $1 billion in revolver
availability upon close of the facility's upsizing.

The co-borrowers of the senior secured credit facilities are
Mallinckrodt International Finance SA (MIFSA) and Mallinckrodt CB
LLC. The Ba1 rating on Mallinckrodt's senior secured credit
facilities reflects a security package consisting of asset pledges
of the co-borrowers and guarantor subsidiaries, excluding certain
principal property, as well as guarantees from substantial
operating subsidiaries. The B1 rating on the unsecured notes
reflects guarantees from the same subsidiaries that guarantee the
obligations under the senior secured term loan facility. The B2
rating on the existing senior unsecured notes due in 2018 and 2023
reflects structural subordination, as these notes are not
guaranteed by subsidiaries.

The rating outlook is stable, reflecting Moody's view that
Mallinckrodt will generate good free cash flow and generally
maintain debt/EBITDA around 4.0 times over the next 12-18 months.
The ratings could be upgraded if Mallinckrodt maintains debt/EBITDA
below 3.0x and improves its revenue diversity. Conversely, the
ratings could be downgraded if debt/EBITDA is sustained materially
above 4.0 times, a key product faces an unexpected material
decline, or the company pursues large, debt-funded acquisitions.

Luxembourg-based Mallinckrodt International Finance SA is a
subsidiary of Staines-upon-Thames, UK-based Mallinckrodt plc
(collectively "Mallinckrodt"). Mallinckrodt is a specialty
biopharmaceutical company with annual revenues of approximately
$3.3 billion.

The principal methodology used in these ratings was Global
Pharmaceutical Industry published in December 2012.



MARBLES HOLDINGS: Hires Garden City as Noticing & Claims Agent
--------------------------------------------------------------
Marbles Holdings, LLC, and its debtor-affiliates seek authorization
from the U.S. Bankruptcy Court for the Northern District of
Illinois to employ Garden City Group, LLC as noticing, claims and
solicitation agent.

The Debtors require GCG to:

    a. serve as the Court's noticing agent to mail certain notices
to the Debtors' creditors and other parties in interest;

    b. create and maintain a website for the chapter 11 cases to
serves as a repository for filings and other information;

    c. provide claims administration, including maintaining the
official claims registers (the Claim Registers"); and

    d. if and to the extent requested by the Debtors, provide
logistical assistance and support in preparing the Debtors'
bankruptcy schedules of assets and liabilities and statements of
financial affairs and handling the solicitation and tabulation of
votes on a chapter 11 plan.

GCG will be paid at these hourly rates:

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

GCG has received $10,000 retainer from the Debtors.

Craig E. Johnson, Assistant Vice President, Operations for Garden
City Group, LLC, assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtors and their estates.

GCG may be reached at:

     Craig E. Johnson
     Garden City Group, LLC
     1985 Marcus Ave
     Lake Success, NY 11042
     Phone: 631-470-1866
     E-mail: craig.johnson@gardencitygroup.com

                     About Marbles LLC

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

Marbles LLC, along with Marbles Holdings, LLC, and Marbles Brain
Workshop, LLC, sought Chapter 11 bankruptcy protection (Bankr. N.D.
Ill. Lead Case No. 17-03308) on Feb. 3, 2017.

Marbles LLC estimated between $1 million and $10 million in assets
and between $10 million and $50 million in liabilities.

The Debtors tapped Adelman & Gettleman LTD., as counsel.


MARBLES HOLDINGS: Hires Hilco to Monetize Intellectual Property
---------------------------------------------------------------
Marbles Holdings, LLC, and its debtor-affiliates seek authorization
from the U.S. Bankruptcy Court for the Northern District of
Illinois to employ Hilco IP Services LLC d/b/a Hilco Streambank as
their investment banker.

Specifically, the Debtors require Hilco to:

     a. collect and secure all available information and data
concerning the Intellectual Property;

     b. prepare marketing materials designed to advertise the
availability of the Intellectual Property for sale, assignment,
license, or other disposition;

     c. develop and implement a sales and marketing program
designed to elicit, from qualified parties, proposals to acquire
the Intellectual Property through one or more sales, assignment,
licenses, or other disposition; and

     d. assist the Debtors with implementing such a transaction
(including transferring the Intellectual Property) once the
transaction has been approved by the Court.

As set forth in the Retention Agreement, the Debtors will
compensate Hilco on a commission based on the aggregate value it
obtains for the sale.

      a. If the gross proceeds of the sale of Intellectual Property
total $3 million or less, Hilco's commission will be 10%.

      b. If the gross proceeds are greater than $3 million, Hilco
would received an additional 15% of the amount by which the gross
proceeds exceed $3 million.

Hilco Streambank would also be entitled to reimbursement of its
actual and necessary expenses up to a total of $5,000.

Gabriel Fried, chief executive officer of Hilco IP Services LLC
d/b/a Hilco Streambank, 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.

Hilco may be reached at:

      Gabriel Fried
      Hilco IP Services LLC d/b/a Hilco Streambank
      90 Washington Street, Suite 330
      Dedham, MA 02026
      Tel: 781-444-4940

                     About Marbles LLC

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

Marbles LLC, along with Marbles Holdings, LLC, and Marbles Brain
Workshop, LLC, sought Chapter 11 bankruptcy protection (Bankr. N.D.
Ill. Lead Case No. 17-03308) on Feb. 3, 2017.

Marbles LLC estimated between $1 million and $10 million in assets
and between $10 million and $50 million in liabilities.

The Debtors tapped Adelman & Gettleman LTD., as counsel.

The Office of the U.S. Trustee on Feb. 13 appointed five creditors
to serve on the official committee of unsecured creditors appointed
in the Chapter 11 cases of Marbles Holdings, LLC, and its
affiliates.


MARCUS PEREZ: Illisaca Buying Ossining Property for $157K
---------------------------------------------------------
Judge Robert D. Drain of the U.S. Bankruptcy Court for the Southern
District of New York will convene a hearing on March 7, 2017 at
10:00 a.m. to consider Marcus J. Perez, Jr.'s proposal to sell his
rights, title and interest in the investment real property located
at 21 Hillcrest Avenue, Ossining, New York ("Ossining Property"),
to Juan G. Illisaca for $157,000.

Objections, if any, must be filed at least 7 days prior to the
hearing.

The Debtor owns and resides at the property commonly known as 19
Shady Brook Lane, Cortlandt Manor, New York, which is his principal
residence.  The Debtor also owns the Ossining Property.

The Debtor has entered into a Contract of Sale with the Buyer which
provides for the sale of his interest in the Ossining Property.

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

        http://bankrupt.com/misc/Marcus_Perez_66_Sales.pdf

The Debtor makes the Application for an Order authorizing him to
sell his right, title and interest in and to the Ossining Property,
and to distribute the proceeds approximately, as follows:

          Purchase Price:                                 
$157,000
             Estimated Property Taxes: Estimated           
($5,000)
             Settlement Charges: Attorney                   (
$828)
             Closing Fees payable to
               Edward D. Schmitt & Assoc., LLC: Estimated  
($1,250)
          Net Proceeds (payable to DIP)
             (subject to spreader mortgage):               
$149,922

The sale of the Debtor's Ossining Property maximizes the benefit to
the estate by providing the Debtor with funds to pay other secured
creditors and by releasing the Debtor from his financial obligation
to maintain the said property.  Accordingly, the Court should
approve the sale of the Ossining Property by the Debtor and approve
the real estate and legal fees to be paid at closing out of the
proceeds.

The Purchaser can be reached at:

          Juan G. Illisaca
          133 Spring St., 2nd Floor
          Ossining, NY 10562

The Purchaser is represented by:

          George Echevaria, Esq.
          23-25 Spring St., Suite 204A
          Ossining, NY 10562
          Telephone: (914) 923-3600

Marcus J. Perez, Jr., sought Chapter 11 protection (Bankr.
S.D.N.Y.
Case No. l6-22688) on Dec. 28, 2016.


MARCUS PEREZ: McKees Buying Croton Property for $170K
-----------------------------------------------------
Judge Robert D. Drain of the U.S. Bankruptcy Court for the Southern
District of New York will convene a hearing on March 7, 2017, at
10:00 a.m., to consider Marcus J. Perez, Jr.'s private sale of his
rights, title and interest in the investment real property located
69 Furnace Dock Road, Croton, New York, Section 67.06, Block 2, Lot
11 ("Croton Property"), to Michael and Martha McKee for $170,000.

Objections, if any, must be filed at least 7 days prior to the
hearing.

The Debtor owns and resides at the property commonly known as 19
Shady Brook Lane, Cortlandt Manor, New York which is his principal
residence.  The Debtor also owns Croton Property jointly with his
mother Mary A. Perez.

The Debtor has entered into a Contract of Sale privately without a
realtor with the Buyer which provides for the sale of his interest
in the Croton Property for $170,000 with $12,000 down-payment and
the Seller holding a purchase money mortgage in the amount of
$158,000 at 6.5% interest for a 15-year term.

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

       http://bankrupt.com/misc/Marcus_Perez_67_Sales.pdf

The Debtor makes the Application for an Order authorizing him to
sell his right, title and interest in and to the Croton Property,
and to distribute the proceeds approximately, as follows:

          Purchase Price:                                $170,000
               Estimated Property Taxes: Estimated        ($2,500)
               Settlement Settlement Charges:             (  $900)
               Closing Fees payable to
                 Edward D. Schmitt & Assoc., LLC:         ($1,250)
               Purchase Money Mortgage:                 ($158,000)
          Estimated Net Proceeds (payable to DIP):         $7,350

The sale of the Debtor's mother (the co-owner) who is retired can
assure herself a monthly income from the purchase money mortgage
being held from the sale.  The Croton Property is landlocked and
very difficult to sell limiting the marketability of the house.
Thus, by the Sellers holding a mortgage the property becomes
marketable and can be sold more readily.  Holding the purchase
money mortgage is also advantageous to the estate because the
Debtor in Possession will also be assured income which can be used
to pay expenses such as taxes and maintenance in order to preserve
his other investment properties.  The Debtor in Possession can also
use the income towards paying mortgages on the other income
properties in order to assure adequate protection to the
mortgagees.  Accordingly, the Court should approve the sale of the
Croton Property by the Debtor and approve the real estate and legal
fees to be paid at closing out of the proceeds.

The Purchaser can be reached at:

          Michael and Martha McKee
          65 N Riverside Ave., Apt. #2
          Croton On Hudson, NY 10520

The Purchaser is represented by:

          Mark Goldfarb, Esq.
          119 W 57th St., Suite 1215
          New York, NY 10019
          Telephone: (914) 271-2982
          Facsimile: (212) 937-2389

Marcus J. Perez, Jr., sought Chapter 11 protection (Bankr.
S.D.N.Y.
Case No. l6-22688) on Dec. 28, 2016.


MAXUS ENERGY: Creditors' Panel Hires Kenney Consulting as Actuary
-----------------------------------------------------------------
The Official Committee of Unsecured Creditors of Maxus Energy
Corporation, et al., seeks authorization from the U.S. Bankruptcy
Court for the District of Delaware to retain Kenney Consulting, LLC
as actuary for the Committee, nunc pro tunc to January 6, 2017.

The Committee requires Kenney Consulting to:

     a. review and analyze the Debtors' proposals to the Retirees'
Committee, including requesting and assessing any supporting
information necessary for such analysis and review;

     b. analyze the financial impact of the Debtors' proposals,
including any underlying actuarial assumptions used or prepared by
the Debtors' or the Debtors' professionals;

     c. work with the Retirees' Committee and its legal counsel to
ensure that proposals, counterproposals, and settlement agreements,
if any, maximize long- term retiree benefits, including, but not
limited to, assisting to contest, if necessary, efforts of the
Debtors to modify or terminate benefits under the OPEB Plans;

     d. analyze each of the Other Post-Employment Benefits Plans
(the "OPEB Plans")  and the underlying assumptions used by the
Debtors to determine the true economic costs of such plans;

     e. compare the pre- and post-proposal benefits offered to
constituents of the Retirees' Committee to proposals that have been
offered to other relevant parties, including current employees,
management, etc., and determining:

            i. Absolute and relative economic value to the parties
               prior to the proposed changes;

           ii. Absolute and relative economic value to the parties
               with the proposed changes; and

          iii. The degree to which the proposed changes alter the
               relative/proportional economic value received by
               each party;

      f. conduct a financial review of the proposed solutions
against appropriate legislation and tax considerations to optimize
economic value for the constituents of the Retirees' Committee;

      g. participate and assist in meetings and negotiations with
the Debtors, their advisors, and counsel, including meetings and
negotiations regarding (i) any proposed terminations or
modifications the OPEB Plans or (ii) all underlying assumptions and
supporting information;

      h. provide expert testimony on related matters, as
appropriate; and

      i. perform other financial, accounting, and actuarial
services for and on behalf of the Retirees' Committee that may be
necessary or appropriate to assist the Retirees' Committee in
performing its duties under Bankruptcy Code sections 1102, 1103,
and 1114.

Kenney Consulting professionals who will work on the Debtors' cases
and their hourly rates are:

       James A. Kenney            $525
       Peter Neuwirth             $450
       Staff                      $125-$250

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

James A. Kenney, president and owner of Kenney Consulting, LLC,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtors and their
estates.

Kenney Consulting can be reached at:

        James A. Kenney
        Kenney Consulting, LLC
        384 Colusa Circle, Suite 2
        Kensington, CA 94707
        Phone: (510)644-6901
        Fax: (510)644-6908

                About Maxus Energy Corporation

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.

                            *     *     *

On December 29, 2016, the Debtors filed their Plan of Liquidation
and the Disclosure Statement related thereto. The Bankruptcy Court
will hold a hearing to consider approval of the Disclosure
Statement on March 7, 2017, at 10:00 a.m. (ET).


MAXUS ENERGY: March 7 Hearing to Approve Disclosure Statement
-------------------------------------------------------------
Maxus Energy Corporation and its debtor-affiliates will appear
before the Delaware Bankruptcy Court on March 7, 2017, at 10:00
a.m. (ET), to seek approval of the disclosure statement explaining
the Debtors' plan of liquidation as well as other plan documents
and guidelines in connection with soliciting Plan votes.

If the Disclosure Statement is approved at the hearing, the Debtors
propose this Plan confirmation timeline:

     Voting Record Date                March 7, 2017
     Solicitation Commencement         March 10, 2017 (Estimated)
     Deadline to File
          Assumption Schedule          March 17, 2017
     Deadline to Send Rejection
          Notices and Assumption
          Notices                      March 17, 2017
     Date of Publication of
          Confirmation Hearing Notice  March 24, 2017
     Rejection Objection Deadline
          and Assumption Objection
          Deadline                     March 31, 2017
     Deadline for Filing
          Rule 3018(a) Motions         The later of April 3, 2017
                                       or the date that is seven
                                       days after the filing of a
                                       claims objection
     Plan Objection Deadline           April 7, 2017
     Voting Deadline                   April 10, 2017
     Deadline to Reply to
          Plan Objection(s)            April 19, 2017
     Deadline to File Voting
          Certification                April 19, 2017
     Confirmation Hearing Date         April 24 – April 28, 2017
                                       (commencing each day at
                                       10:00 a.m. (ET))

Parties-in-interest have until Feb. 28 to lodge objections to the
adequacy of the Disclosure Statement.

As reported by the Troubled Company Reporter on Jan. 4, 2017, Maxus
Energy filed with the Court a Chapter 11 plan of liquidation and
accompanying disclosure statement dated December 29, 2016, a
full-text copy of which is available at:

         http://bankrupt.com/misc/deb16-11501-698.pdf

General Unsecured Claims (Class 4) are impaired under the Plan and
are expected to recover 0% to 25%.  Retiree Claims (Class 5) and
Government Environmental Claims (Class 6) are also impaired and
their expected recovery is unknown at the time of filing of the
Plan.

Holders of General Unsecured Claims, Retiree Claims and Government
Environmental Claims are the creditor groups entitled to vote on
the Plan.

Pursuant to Bankruptcy Rule 9019, and prior to Confirmation, the
Debtors will seek the Bankruptcy Court's approval of a settlement
with YPF S.A., parent of YPF Holdings, Inc., which purchased Maxus
in the 1990s.  

On June 15, 2016, the parties reached the settlement of the
Debtors' claims against YPF and its affiliates and executed a
settlement agreement on June 17, 2016, pursuant to which (a) YPF
agreed to pay $130 million to the Debtors and their Estates upon
the satisfaction of certain conditions, and (b) YPF Holdings agreed
to provide debtor-in-possession financing in the amount of $63.1
million to the Debtors, of which $34.35 million is subordinate in
payment to all general unsecured claims.  In exchange, the Debtors
agreed to, among other things, (i) release their claims against the
YPF Entities, and (ii) prosecute the Chapter 11 Cases in accordance
with certain case milestones set forth in the DIP Agreement.   

If the Bankruptcy Court does not enter the YPF Approval Order, any
Claim that was sought to be settled pursuant to the YPF Settlement
will be transferred to the Liquidating Trust and will become
Liquidating Trust Available Assets for prosecution in accordance
with the Liquidating Trust Agreement.  In addition, if the
Bankruptcy Court enters the YPF Approval Order, and subject to the
terms of the order, the Allowed YPF Claims are deemed to be Allowed
Administrative Claims, and all Allowed YPF Claims will be paid in
full and in Cash on the Effective Date, or as soon as practicable
thereafter; provided, however, that the DIP Tranche A Claim and the
DIP Tranche B Claim will receive the treatment set forth in
Articles II.A. and III.E. of the Plan, respectively.

              About Maxus Energy Corporation

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 have 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 a 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.  Counsel to the Retiree
Commitete are:

     Charles Gibbs, Esq.
     Eric Seitz, Esq.
     Eric Haitz, Esq.
     AKIN GUMP STRAUSS HAUER & FELD LLP
     1700 Pacific Avenue, Suite 4100
     Dallas, TX 75201-4624

          - and -

     William Bowden, Esq.
     ASHBY & GEDDES, P.A.
     500 Delaware Avenue, 8th Fl.
     P.O. Box 1150
     Wilmington, DE 19899-1150

Counsel for YPF S.A. and YPF Holdings, Inc. are:

     Howard Seife, Esq.
     Samuel S. Kohn, Esq.
     Francisco Vazquez, Esq.
     CHADBOURNE & PARKE LLP
     1301 Avenue of the Americas
     New York, NY 10019

          - and -

     Adam G. Landis, Esq.
     LANDIS RATH & COBB LLP
     919 Market Street, Suite 1800
     Wilmington, DE 19801


MAXUS ENERGY: Taps Energynet.com to Sell Stake in Neptune Field
---------------------------------------------------------------
Maxus Energy Corporation and its debtor-affiliates seek permission
from the U.S. Bankruptcy Court for the District of Delaware to
employ Energynet.com as sales broker and consultant for the
Debtors, nunc pro tunc to December 5, 2016.

The Debtors said that, in accordance with the scope of the
Retention Order, they wish to expand the scope of EnergyNet's work
to include marketing and selling the Debtors' 15% working interest
in the Neptune field in the deep waters of the Gulf of Mexico.

The Debtors and EnergyNet have agreed to amend the Engagement
Agreement as follows:

     a. Exhibit B (Description of Properties) to the Engagement
Agreement is amended such that defined term "Properties" is
expanded to include the 15% working interest of Maxus (U.S.)
Exploration Company in the Neptune oil field located in the deep
waters of the Gulf of Mexico, which comprises five blocks in the
Atwater Valley production area: 573, 574, 575, 617 and 618 (the
"Neptune Working Interest").

     b. Exhibit C (Negotiated Sale Commission Fee Schedule) to the
Engagement Agreement is amended to include the following (without
modifying any of the existing text):

           In the event that a sale of the Neptune Working Interest
is consummated, SELLER shall pay to ENERGYNET, for its sales
brokerage and consulting services, a fixed fee of ten thousand
dollars ($10,000) plus an additional variable fee of either: (a)
25% of the normal commission rate if the buyer is any of the
current joint venture partners in the Neptune field, namely BHP
Billiton or any of its affiliates, W &T Offshore or any of its
affiliates, and Enven Energy Ventures or any of its affiliates, or
(b) 100% of the normal commission rate if the buyer brought by
ENERGYNET is a unique buyer other than the current venture partners
in the Neptune field. For purposes of determining what percentage
to apply to the sales price of the Neptune Working Interest for
purposes of calculating the normal commission rate, the sales price
for the Neptune Workin Interest shall be aggregated with the sales
price received for the sale of the ORRIs (Overriding Royalty
Interests).

     c. the Amendment is effective as of December 5, 2016 and is
subject to the final approval of the Bankruptcy Court.

     d. other than as set forth in the Amendment, all other terms
and conditions of the Engagement Agreement remain in full force and
effect as originally agreed.

The Debtors have agreed to pay Energynet.com the proposed
compensation in the Engagement Letter (the "Fee Structure"):

      a. Upon the closing of any sale of the Properties during the
term of the engagement,4 or within 180 days following the end of
the engagement, the Debtors shall pay EnergyNet a Sale Success Fee
based on the schedule set forth on Exhibit C to the Engagement
Agreement.

      b. The Sale Success Fee is based on the "total gross sales
price received by the Debtors for the Properties. The term "total
gross sales price" shall mean the total of all cash, plus the fair
market value of all other non-cash forms of payment, received by
the Debtors in connection with a sale.

      c. The Sale Success Fee and all other payments to EnergyNet
shall be paid in cash, in immediately available funds from receipt
of the closing, at its place of business in Potter County, Texas.
If and when the Debtors seek Court approval of a sale, the Debtors
will, as part of that application to the Court, seek approval of
the payment, on an interim basis, of the Sale Success Fee.

      d. The Commission Schedule applies to sales as follows: 3.0%
of the first $5,000,000 in aggregate sales; 2.5% of aggregate sales
between $5,000,000 and $10,000,000; 2.0% of aggregate sales between
$10,000,000 and $20,000,000; and 1.5% of aggregate sales greater
than $20,000,000.

      e. In the event that a sale of the Neptune Working Interest
is consummated, the Debtors shall pay to EnergyNet, for its sales
brokerage and consulting services, a fixed fee of $10,000 plus an
additional variable fee of either: (i) 25% of the normal commission
rate if the buyer is any of the current joint venture partners in
the Neptune field, namely BHP Billiton or any of its affiliates, W
&T Offshore or any of its affiliates, and Enven Energy Ventures or
any of its affiliates, or (ii) 100% of the normal commission rate
if the buyer brought by EnergyNet is a unique buyer other than the
current venture partners in the Neptune field. For purposes of
determining what percentage to apply to the sales price of the
Neptune Working Interest for purposes of calculating the normal
commission rate, the sales price for the Neptune Working Interest
shall be aggregated with the sales price received for the sale of
the ORRIs (Overriding Royalty Interests).

      f. There is no sales tax on the Sale Success Fee.

Energynet.com can be reached at:

      Chris Atherton
      EnergyNet.com, Inc.
      7201 I-40 West, Ste. 319
      Amarillo, TX 79106
      Phone: 806-351-2953
      Fax: 806-354-2835

                About Maxus Energy Corporation

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.

                            *     *     *

On December 29, 2016, the Debtors filed their Plan of Liquidation
and the Disclosure Statement related thereto. The Bankruptcy Court
will hold a hearing to consider approval of the Disclosure
Statement on March 7, 2017, at 10:00 a.m. (ET).


MCO INDUSTRIES: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: MCO Industries Inc.
        PO Box 1264
        San Lorenzo, PR 00754

Case No.: 17-00961

Chapter 11 Petition Date: February 15, 2017

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

Judge: Hon. Edward A Godoy

Debtor's Counsel: Hector Eduardo Pedrosa, Esq.
                  LAW OFFICES OF HECTOR EDUARDO PEDROSA LUNA
                  P O Box 9023963
                  San Juan, PR 00902
                  Tel: 787-930-2625
                  Fax: 787-754-1109
                  Email: hectorpedrosa@gmail.com

Estimated Assets: $100,000 to $500,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by John McComas Miro, president.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/prb17-00961.pdf


MEMORIAL PRODUCTION: Disclosure Statement Hearing on Feb. 27
------------------------------------------------------------
The Hon. Marvin Isgur of the Bankruptcy Court for the Southern
District of Texas, in Houston, will convene a hearing on February
27, 2017 at 2:00 p.m. (Central Time), to consider approval of the
Disclosure Statement explaining Memorial Production Partners LP and
its debtor-affiliates' Chapter 11 plan.

Any objections to approval of the Disclosure Statement must: (i) be
in writing; (ii) conform to the applicable Bankruptcy Rules and the
Local Rules; (iii) set forth the name of the objecting party, the
basis for the objection, and the specific grounds thereof; and (iv)
be filed with the Court, together with proof of service.  Any such
responses or objections must be filed by February 21, 2017.

The Debtors filed the Plan documents on January 17, 2017.

As reported by the Troubled Company Reporter, Memorial Production
Partners and its affiliates voluntarily filed petitions under
Chapter 11 after reaching agreements with their noteholders and
lenders on a financial restructuring that will eliminate $1.3
billion of debt from their balance sheet.

The cash-strapped energy company sought bankruptcy protection
citing the dramatic decline in the prices of crude oil and natural
gas.  Without the restructuring, the Company anticipates it
would
almost certainly default under financial covenants in its RBL
Credit Agreement in the first quarter of 2017.

Following numerous discussions, the Debtors entered into plan
support agreements, dated as of Dec. 22, 2016, with the
overwhelming majority of their major creditor constituencies: 100%
of the RBL Credit Facility Lenders and members of the Ad Hoc Group
holding approximately 69% of the Debtors' Unsecured Notes.

The proposed joint plan of reorganization provides for, among
other
things, an unsecured-debt-for-equity exchange and an amendment to
the Debtors' secured credit facility that together would
substantially deleverage the Debtors' balance sheet:

   * The Debtors' RBL Credit Facility would be amended such
that
     the new borrowing base would permit the reorganized
Debtors
     adequate liquidity.  The size of the RBL Credit
Facility has
     already been reduced prepetition through the consensual
     liquidation of derivatives contracts and application of
     the proceeds to amounts outstanding under the RBL Credit
     Facility.  Certain Hedges, however, remain in place to
     provide commodity price protection to the reorganized
     Debtors during the next two years.  Under the RBL Plan
     Support Agreement, 100% of RBL Credit Facility Lenders
agreed
     to elect the first-out tranche of the amended RBL Credit
     Facility.

   * The Debtors' Unsecured Notes would be cancelled, and the
     holders thereof would receive 98% of the equity in the
     corporation that will become the reorganized Debtors
(subject
     to certain dilutive equity issuances specified in the
     Plan).

   * Holders of Beta Trust Claims would receive payment in
full,
     either through a subordinated lien in the proceeds of a
     surety bond equal to 100% of their claims, or through
     unimpairment of their claims, at the election of the
Debtors.

   * Holders of other general unsecured claims would be
     unimpaired.

   * Holders of equity interests in the Debtors would be
     cancelled, and holders of MEMP's limited partnership
units
     would receive, on account of those units, 2% of the
equity in
     the reorganized Debtors and five-year cashless warrants
to
     acquire up to 8% of the New Common Shares at a per share
     exercise price equal to the principal and interest
accrued on
     the Unsecured Notes as of Dec. 31, 2016, divided by the
     number of issued and outstanding New Common Shares, as
     determined in accordance in the Plan and subject to
certain
     dilutive equity issuances specified in the Plan.

The Debtors said that their extensive negotiations with the RBL
Credit Facility Agent resulted in an agreement with the RBL Credit
Facility Agent and RBL Credit Facility Lenders to permit them
consensual use of cash collateral during the pendency of these
Chapter 11 cases, subject to the Court's approval.  According to
the Debtors, the arrangements represent a flexible, interim
solution to their near-term liquidity needs, preserving the status
quo while providing them with sufficient liquidity to fund their
business and to pursue and consummate a successful restructuring.

            About Memorial Production Partners LP

Memorial Production Partners LP -- http://www.memorialpp.com/-- is
a publicly traded partnership engaged in the acquisition,
production and development of oil and natural gas properties in the
United States. MEMP's properties consist of mature, legacy oil and
natural gas fields. MEMP is headquartered in Houston, Texas.

Memorial Production Partners LP, Memorial Production Finance
Corporation and their debtor-affiliates filed a Chapter 11 petition
(Bankr. S.D. Tex. Lead Case No. 17-30262) on January 16, 2017.  The
cases are assigned before the Hon. Marvin Isgur.

The Debtors are represented by Alfredo R. Perez, Esq., at Weil,
Gotshal & Manges LLP, in Houston, Texas; and Gary T. Holtzer, Esq.,
and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges LLP, New
York.  The Debtors' financial advisor is Perella Weinberg Partners
LP.  The Debtors' Restructuring Advisor is Alixpartners, LLP.  The
Debtors' claims, noticing, and solicitation agent is Rust
Consulting/Omni Bankruptcy.

At the time of filing, the Debtors had estimated assets of $1
billion to $10 billion and estimated debts of $1 billion to $10
billion.


MEMORIAL PRODUCTION: Hires AlixPartners as Financial Advisor
------------------------------------------------------------
Memorial Production Partners LP, et al., seek authorization from
the U.S. Bankruptcy Court for the Southern District of Texas to
employ AlixPartners, LLP as financial advisor, nunc pro tunc to the
January 16, 2017 petition date.

The Debtors require AlixPartners to:

    -- assist the Debtors with the preparation of a mortgage
       analysis model and reporting of results, including the
       linking of mortgages to oil and gas leases and associated
       reserve value;

    -- assist the Debtors' management in developing a
       restructuring strategy;

    -- assist the Debtors to develop contingency plans and
       financial alternatives in the event an out-of-court
       restructuring cannot be achieved; and

    -- assist with such other matters as may be requested that
       fall within AlixPartners' expertise and that are mutually
       agreeable.

AlixPartners will be paid at these hourly rates:

    James A. Mesterharm, Managing Director   $1,070
    John R. Castellano, Managing Director    $1,015
    Marc J. Brown, Managing Director         $950
    Henry Colvin, Director                   $770
    John Creighton, Director                 $720
    Christopher Rubel, Director              $720
    Scott Tandberg, Director                 $720
    Uday R. Bhamidipati, Associate           $400
    Ryan H. Komendowski, Associate           $365
    Emilia V. Kanazireva, Analyst            $315
    Samuel K. Lemack, Analyst                $315
    Managing Director                        $960–$1,135
    Director                                 $745-$910
    Vice President                           $550-$660
    Associate                                $380-$520
    Analyst                                  $135-$365
    Paraprofessional                         $250-$270

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

AlixPartners currently holds a retainer payment of $200,000 (the
"Retainer"). In the 90 days prior to the Petition Date including
the Retainer described above, the Debtors paid AlixPartners a total
of approximately $2,034,845.19 incurred in providing services to
the Debtors in contemplation of, and in connection with,
prepetition restructuring activities.

John R. Castellano, managing director with AlixPartners, 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.

AlixPartners can be reached at:

       John R. Castellano
       ALIXPARTNERS, LLP
       909 Third Avenue
       New York, NY 10022
       Tel: (212) 490-2500
       Fax: (212) 490-1344

              About Memorial Production Partners LP

Memorial Production Partners LP -- http://www.memorialpp.com/-- is
a publicly traded partnership engaged in the acquisition,
production and development of oil and natural gas properties in the
United States. MEMP's properties consist of mature, legacy oil and
natural gas fields. MEMP is headquartered in Houston, Texas.

Memorial Production Partners LP, Memorial Production Finance
Corporation and their debtor-affiliates filed a Chapter 11 petition
(Bankr. S.D. Tex. Lead Case No. 17-30262) on January 16, 2017.

The Debtors are represented by Alfredo R. Perez, Esq., at Weil,
Gotshal & Manges LLP, in Houston, Texas; and Gary T. Holtzer, Esq.,
and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges LLP, New
York.  The Debtors' financial advisor is Perella Weinberg Partners
LP.  The Debtors' Restructuring Advisor is Alixpartners, LLP.  The
Debtors' claims, noticing, and solicitation agent is Rust
Consulting/Omni Bankruptcy.

At the time of filing, the Debtors had estimated assets of $1
billion to $10 billion and estimated debts of $1 billion to $10
billion.


MEMORIAL PRODUCTION: Hires Ordinary Course Professionals
--------------------------------------------------------
Memorial Production Partners LP, et al., seek authorization from
the U.S. Bankruptcy Court for the Southern District of Texas to
employ ordinary course professionals to the Debtors.

These Ordinary Course Professionals provide a range of services to
the Debtors relating to, among other things, litigation,
regulatory, environmental, securities, compensation, general
corporate, transactional, real estate, tax, and other matters that
have a direct and significant impact on the Debtors' day-to-day
operations. Continued employment of these Ordinary Course
Professionals, the Debtors contend, is essential to avoid
disruption to their normal business operations and the cost,
expense, and delay of securing replacement professionals.

Memorial Production hires these ordinary course professionals:

           Name                           Type of Service

   Akin, Gump, Strauss, Hauer             Law Firm
   & Feld LLP

   Andrews, Lagasse, Branch &             Law Firm
   Bell LLP                         

   Bracewell LLP                          Law Firm

   Coghlan Crowson, LLP                   Law Firm

   Donato, Minx, Brown & Pool, P.C.       Law Firm

   Dougherty Law Firm                     Law Firm

   Faegre Baker Daniels LLP               Law Firm

   Grant, Genovese & Baratta              Law Firm

   Hampe & Iglesias                       Law Firm

   Kirby, Matthews & Walrath, PLLC        Law Firm

   Labanowski & Associates                Law Firm

   Locke Lord LLP                         Law Firm

   Paul Hastings LLP                      Law Firm

   PricewaterhouseCoopers LLP             Accounting Services

   Richards, Layton & Finger, P.A.        Law Firm

   Ryder Scott Company, LP                Consulting Services

   Slattery, Marino & Roberts             Law Firm

   Stinnett & Associates LLC              Accounting Services

   Susman Godfrey                         Law Firm
   
   Murphy & Evertz                        Law Firm
  
The ordinary course professionals can be reached at:

     Akin, Gump, Strauss, Hauer & Feld LLP
     300 West 6th St., Suite 2100
     Austin, TX 78701

     Andrews, Lagasse, Branch & Bell LLP
     4365 Executive Drive Ste 950
     San Diego, CA 92121

     Bracewell LLP
     P.O. Box 848566
     Dallas, TX 75284-8566

     Coghlan Crowson, LLP
     P.O. Box  2665
     Longview, TX 75606

     Donato, Minx, Brown & Pool, P.C.
     3200 Southwest Freeway, Ste. 2300
     Houston, TX

     Dougherty Law Firm
     1106 First Place
     Tyler, TX 75702

     Faegre Baker Daniesl LLP
     3200 Wells Fargo Center
     1700 Lincoln Street
     Denver, CO 80203-4532

     Grant, Genovese & Baratta
     2030 North College Ave., Ste 1600
     Irvine, CA

     Hampe & Iglesias
     102 North College Ave, Ste 1030
     Tyler, TX 75702

     Kirby, Matthews & Walrath, PLLC
     815 Walker St., Suite 240
     Houston, TX 77002

     Labanowski & Associates
     2000 Bering Dr
     Houston, TX 77057

     Locke Lord LLP
     P.O. Box 301170
     Dallas, TX 75303-1170

     Paul Hastings LLP
     Lockbox 4803, P.O. Box 894803
     Los Angeles, CA 90189-4830

     PricewaterhouseCooper LLP
     P.O. Box 952282
     Dallas, TX 75395-2282

     Richards, Layton & Finger, P.A.
     One Rodney Square, 920
     North King Street
     Wilmington, DE 19801

     Ryder Scott Company Lp
     1100 Louisiana St., Ste 4600
     Houston, TX 77002

     Slattery, Marino & Roberts
     1100 Poydras St, Ste 1800
     New Orleans, LA 70163

     Stinnett & Associates LLC
     8801 S Yale Suite 330
     Tulsa, OK 74137

     Susman Godfrey
     1000 Louisiana, Suite 5100
     Houston, TX 77002

     Murphy & Evertz
     650 Town Center Drive, Suite 550
     Costa Mesa, CA 92626

              About Memorial Production Partners LP

Memorial Production Partners LP -- http://www.memorialpp.com/-- is
a publicly traded partnership engaged in the acquisition,
production and development of oil and natural gas properties in the
United States. MEMP's properties consist of mature, legacy oil and
natural gas fields. MEMP is headquartered in Houston, Texas.

Memorial Production Partners LP, Memorial Production Finance
Corporation and their debtor-affiliates filed a Chapter 11 petition
(Bankr. S.D. Tex. Lead Case No. 17-30262) on January 16, 2017.

The Debtors are represented by Alfredo R. Perez, Esq., at Weil,
Gotshal & Manges LLP, in Houston, Texas; and Gary T. Holtzer, Esq.,
and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges LLP, New
York.  The Debtors' financial advisor is Perella Weinberg Partners
LP.  The Debtors' Restructuring Advisor is Alixpartners, LLP.  The
Debtors' claims, noticing, and solicitation agent is Rust
Consulting/Omni Bankruptcy.

At the time of filing, the Debtors had estimated assets of $1
billion to $10 billion and estimated debts of $1 billion to $10
billion.


MEMORIAL PRODUCTION: Sec. 341 Creditors' Meeting Set for Feb. 27
----------------------------------------------------------------
A Sec. 341 meeting of creditors of Memorial Production Partners LP
is scheduled for February 27, 2017, at 10:00 a.m. (CT).

The debtor’s representative must attend the meeting to be
questioned under oath. Creditors may attend, but are not required
to do so.

The meeting will be held at:

     U.S. Bankruptcy Court United States Courthouse
     515 Rusk Avenue Room 3401-D
     Houston, TX 77002

The debtor's representative must attend the meeting to be
questioned under oath. Creditors may attend, but are not required
to do so.

The meeting may be continued or adjourned to a later date. If so,
the date will be on the court docket.

            About Memorial Production Partners LP

Memorial Production Partners LP -- http://www.memorialpp.com/-- is
a publicly traded partnership engaged in the acquisition,
production and development of oil and natural gas properties in the
United States. MEMP's properties consist of mature, legacy oil and
natural gas fields. MEMP is headquartered in Houston, Texas.

Memorial Production Partners LP, Memorial Production Finance
Corporation and their debtor-affiliates filed a Chapter 11 petition
(Bankr. S.D. Tex. Lead Case No. 17-30262) on January 16, 2017.  The
cases are assigned before the Hon. Marvin Isgur.

The Debtors are represented by Alfredo R. Perez, Esq., at Weil,
Gotshal & Manges LLP, in Houston, Texas; and Gary T. Holtzer, Esq.,
and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges LLP, New
York.  The Debtors' financial advisor is Perella Weinberg Partners
LP.  The Debtors' Restructuring Advisor is Alixpartners, LLP.  The
Debtors' claims, noticing, and solicitation agent is Rust
Consulting/Omni Bankruptcy.

At the time of filing, the Debtors had estimated assets of $1
billion to $10 billion and estimated debts of $1 billion to $10
billion.


MEMORIAL PRODUCTION: Taps Perella Weinberg as Financial Advisor
---------------------------------------------------------------
Memorial Production Partners LP and its debtor-affiliates seek
authorization from the U.S. Bankruptcy Court for the Southern
District of Texas to employ Perella Weinberg Partners LP as
financial advisor, nunc pro tunc to the January 16, 2017 petition
date.

The Debtors require Perella Weinberg to provide:

  General Financial Advisory and Investment Banking Services:

   (a) review the Company's financial condition and outlook;

   (b) assist in the development of financial data and
       presentations to the Company's board of directors,
       stakeholders, or other parties;

   (c) analyze the Company's financial liquidity and evaluate
       alternatives to improve such liquidity;

   (d) evaluate the Company's debt capacity and alternative
       capital structures;

   (e) participate in negotiations among the Company and its
       creditors, suppliers, lessors, or other interested parties
       with respect to any of the transactions contemplated by the

       Engagement Letter;

   (f) advise the Company and negotiate with lenders or
       bondholders with respect to potential waivers or amendments

       of various credit facilities or bonds, as applicable; and

   (g) provide such other advisory services as are customarily
       provided in connection with the analysis and negotiation of

       any of the transactions contemplated by the Engagement
       Letter, as requested and mutually agreed.

  Restructuring Services:

   (a) analyze various Restructuring scenarios and the potential
       impact of these scenarios on the value of the Company and
       the recoveries of those stakeholders impacted by the
       Restructuring;

   (b) provide strategic advice with regard to restructuring;

   (c) provide financial advice and assistance to the Company in
       developing a Restructuring;

   (d) in connection therewith, provide financial advice and
       assistance to the Company in structuring any new securities

       to be issued under a Restructuring; and

   (e) assist the Company and/or participate in negotiations with
       entities or groups affected by the Restructuring.

To the extent requested by the Company:

  Financing Services:

   (a) provide financial advice to the Company in structuring and
       effecting a Financing, identify potential Investors and
       contact and solicit such Investors; and

   (b) assist in arranging of a Financing, including identifying
       potential sources or capital, assisting in the due
       diligence process, and negotiating the terms of any
       proposed Financing.

Perella Weinberg will be compensated for its services as follows:

    -- a monthly financial advisory fee of $175,000, due and
       payable on the first day of each month until the earlier of

       the completion of a Restructuring or the termination of
       PWP's engagement pursuant to terms of the Engagement
       Letter; provided that 50% of the monthly fees paid
       following the payment of four full monthly fees (beginning
       with the monthly fee due October 1, 2016, before the
       Petition Date) shall be creditable against the
       restructuring fee described immediately below; plus

    -- a restructuring fee equal to $8,700,000 (i) if the Company
       completes any Restructuring prior to or without commencing
       a case under chapter 11 of the Bankruptcy Code, upon
       consummation of the Restructuring, or (ii) if the Company
       commences a case under chapter 11 of the Bankruptcy Code,
       upon consummation of the plan in connection with such case
       that effects such Restructuring, provided, however, that if

       the Restructuring takes the form of a "prepackaged" or a
       "prearranged" bankruptcy, then (x) 50% of PWP's
       restructuring fee shall be payable on the earlier of (A)
       execution by the Company of a restructuring support
       agreement, lock-up agreement, or similar agreement and (B)
       the launch of solicitation of votes for a prepackaged or a
       prearranged reorganization plan and (y) the remaining 50%
       shall be payable promptly upon consummation of a
       Restructuring; plus

    -- a financing fee in an amount to be agreed upon between the
       Company and PWP at a later time, subject to further Court
       order, for any Financing6 of debt securities, payable
       promptly upon consummation of such Financing; provided
       however, that an amendment of the existing credit facility
       shall not be deemed a Financing; plus

    -- a financing fee in an amount to be agreed upon between the
       Company and PWP at a later time, subject to further Court
       order, for any Financing of equity or equity-linked
       securities, including any equity rights offering proceeds
       or backstopped rights offering commitment amount, payable
       promptly upon consummation of such Financing.

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

Kevin M. Cofsky, partner of Perella Weinberg, 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.

Perella Weinberg can be reached at:
  
       Kevin M. Cofsky
       PERELLA WEINBERG PARTNERS LP
       767 Fifth Avenue
       New York, NY 10153
       Tel: (212) 287-3200
       Fax: (212) 287-3201

              About Memorial Production Partners LP

Memorial Production Partners LP -- http://www.memorialpp.com/-- is
a publicly traded partnership engaged in the acquisition,
production and development of oil and natural gas properties in the
United States. MEMP's properties consist of mature, legacy oil and
natural gas fields. MEMP is headquartered in Houston, Texas.

Memorial Production Partners LP, Memorial Production Finance
Corporation and their debtor-affiliates filed a Chapter 11 petition
(Bankr. S.D. Tex. Lead Case No. 17-30262) on January 16, 2017.

The Debtors are represented by Alfredo R. Perez, Esq., at Weil,
Gotshal & Manges LLP, in Houston, Texas; and Gary T. Holtzer, Esq.,
and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges LLP, New
York.  The Debtors' financial advisor is Perella Weinberg Partners
LP.  The Debtors' Restructuring Advisor is Alixpartners, LLP.  The
Debtors' claims, noticing, and solicitation agent is Rust
Consulting/Omni Bankruptcy.

At the time of filing, the Debtors had estimated assets of $1
billion to $10 billion and estimated debts of $1 billion to $10
billion.


METROAREA AUTISTIC: Hires Foley & Lardner as Counsel
----------------------------------------------------
Association of Metroarea Autistic Children, Inc., seeks
authorization from the U.S. Bankruptcy Court for the Southern
District of New York to employ Foley & Lardner LLP, as counsel.

The Debtor requires Foley to:

      a. give advice to the Debtor with respect to the Debtor's
powers and duties as debtor in possession in the continued
operation of the Debtor's business, including the negotiation and
finalization of any financing agreements;

      b. assist in identification of assets and liabilities of the
estate;

      c. assist the Debtor in formulating a plan of reorganization
and to take necessary legal steps in order to confirm such plan,
including the preparation and filing of a disclosure statement
relating thereto;

      d. prepare and file on behalf of the Debtor, all necessary
applications, motions, orders, reports, adversary proceedings and
other pleadings and documents;

      e. appear in Court and to protect the interests of the Debtor
before the Court;

      f. analyze claims and competing property interests, and
negotiate with creditors and parties-in-interest on behalf of the
Debtor; and

      g. perform other legal services for the Debtor which may be
necessary in these proceedings.

Foley lawyers who will work on the Debtor's case and their hourly
rates are:

      Richard J. Bernard, Esq.             $795
      Alissa M. Nann, Esq.                 $630

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

Richard J. Bernard, Esq., partner of Foley & Lardner LLP, assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Foley may be reached at:

       Richard J. Bernard, Esq.
       Foley & Lardner LLP
       90 Park Avenue
       New York, NY 10016
       Tel: (212) 682-7474
       Fax: (212) 687-2329
       E-mail: rbernard@foley.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.


MGQ INVESTMENTS: Taps Van Guard Capital as Accountant
-----------------------------------------------------
MGQ Investments & Development Inc. seeks approval from the U.S.
Bankruptcy Court for the District of New Jersey to hire an
accountant.

The Debtor proposes to hire Van Guard Capital Enterprise to prepare
its report to the U.S. trustee of its personal financial
transactions, and each month reconcile items which may require
adjustments to its books and records.

Van Guard will receive an initial fee of $300 and will be paid a
monthly fee of $100.

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

The Debtor is represented by:

     Harrison Ross Byck, Esq.
     Kasuri Byck, LLC
     340 Route 1 North
     Edison, NJ 08817
     Tel: 732-253-7630
     Fax: 732-253-7632
     Email: lawfirm@kasuribyck.com

               About MGQ Investments & Development

MGQ Investments & Development Inc. sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D.N.J. Case No. 16-33513) on
December 9, 2016.  The petition was signed by Halim Quddus,
vice-president.  

The case is assigned to Judge Stacey L. Meisel.

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


MHGE PARENT: Moody's Changes Outlook to Negative & Affirms B2 CFR
-----------------------------------------------------------------
Moody's Investors Service changed the outlook on MHGE Parent, LLC
to negative due to the secular issues impacting the key markets to
which McGraw-Hill Education sells its learning materials. Moody's
affirmed the B2 Corporate Family Rating ("CFR") and B2-PD
Probability of Default Rating (PDR) for MHGE Parent, LLC. The
ratings on existing HoldCo notes issued by MHGE Parent, LLC are
also affirmed at Caa1. Moody's also affirmed Ba3 rating on the
senior secured credit facility and B3 rating on the senior
unsecured notes issued by McGraw-Hill Global Education Holdings,
LLC (a subsidiary of MHGE Parent, LLC).

The following rating actions were taken:

Affirmations

Issuer: MHGE Parent, LLC

-- Corporate Family Rating, Affirmed at B2

-- Probability of Default Rating, Affirmed at B2-PD

-- $500 Million Senior Unsecured Notes due 2019, Affirmed at Caa1
(LGD6)

Issuer: McGraw-Hill Global Education Holdings, LLC

-- $350 Million Senior Secured Revolving Credit Facility due 2021,
Affirmed at Ba3 (LGD3, from LGD2)

-- $1,575 Million Senior Secured Term Loan due 2022, Affirmed at
Ba3 (LGD3, from LGD2)

-- $400 Million Senior Unsecured Notes due 2024, Affirmed at B3
(LGD5)

Outlook Action:

Issuer: MHGE Parent, LLC

-- Outlook, revised to Negative from Stable

RATINGS RATIONALE

Moody's change in rating outlook to negative reflects difficult
conditions in the learning materials selling markets that MHGE
serves. The higher education segment is exposed to secularly
declining enrollment trends amidst an increasingly competitive
environment with peers, and rental and used market providers.
Furthermore, the incremental threat of open educational resources
continues to weigh on the sector, as various non-profit and
governmental bodies have encouraged the development of free or
deeply discounted learning materials. The post-secondary education
market was disrupted over the past 6-9 months with an inventory
correction ahead of the Fall 2016 semester that contributed a fair
volume of underperformance, though industry participants expect
reduced returns as a result of slower ordering. Similar to its
peers, McGraw-Hill remains exposed to these negative trends, albeit
the company's direct to student sales of digital products have
given its performance some advantage during the most recent YTD
reporting period, highlighting its strengths in the digital
products. While channel volatility is likely to be reversed over
the next 12-18 months, and there is an expected strong front list
of titles for FY 2017, Moody's expects McGraw Hill to continue to
be exposed to this secularly weak industry.

The K-12 learning materials market also remains challenged, with
adoptions in fiscal 2016 not meeting industry expectations, as some
participants have deferred purchasing to future years. However,
MHGE was able to successfully take market share from its
competitors in California ELA and other adoption markets. While
open territory market grew year over year, McGraw Hill
underperformed in billings in open territory, reporting a decline
in YTD billings. Though higher expected adoption calendar in FY
2017 will bring some recovery to the K-12 adoption markets and may
aid growth of open territory sales, Moody's remains concerned
regarding the near-term outlook for the industry. A fiercely
competitive environment for largely publicly disseminated funds
poses execution risk, including new, and possibly less expensive,
competitors seeking to distribute their content within K-12
markets. Thus far, McGraw Hill has been able to take share away
from its peer competitors, and Moody's expects the company to at
least maintain its market share over the near term. While digital
transition of learning resources has been slow industry-wide due to
technological and financial constraints, McGraw's strong position
in digital adaptive products provides the company with incremental
defense of its market share position.

Moody's views positively the combined entity's ability to service
both K-12 and higher education market segments which respond
differently to variations in macro-economic conditions. The company
generated $443 million in cash EBITDA during LTM period ending
September 2016 (including Moody's standard adjustments and cash
pre-publication costs as an expense), down 13% from FYE 2015 cash
EBITDA of $511 million. Moody's estimates MHGE generated $68
million in free cash flow for LTM period ending September 2016.

The negative rating outlook reflects Moody's view that MHGE's cash
EBITDA will remain under pressure over the near term due to the
weaker enrollment environment in higher education, and the
uncertainty regarding spending in the K-12 market. Moody's expects
the higher front list of titles as well as greater number of
expected adoptions to partially offset the secular weaknesses in
the industry. Moody's expects MHGE will maintain good liquidity
over the next 12 months and generate low-single-digit percentage
free cash flow-to-debt in FY 2017, while maintaining its
competitive position. Moody's expects leverage will remain flat
over the next 12 months.

MHGE's ratings could be downgraded if the company's revenue base
erodes further as a result of soft market conditions or if the
transition to digital offerings stalls. Weak free cash flow
generation, debt-to-EBITDA being sustained above 6x (including
Moody's standard adjustments and cash pre-publication costs as an
expense), leveraging acquisitions, unexpected shareholder
distributions, or a deterioration of liquidity could also result in
a downgrade. An upgrade of the corporate family rating of MHGE is
not likely given the negative outlook. Consistently demonstrated
revenue and cash EBITDA growth that reduce leverage to near low 5x
debt-to-cash EBITDA will be needed to stabilize the outlook for the
rating. Expectation of good liquidity would also be needed for
stable outlook.

The principal methodology used in these ratings was Global
Publishing Industry published in December 2011.

MHGE Parent, LLC, headquartered in New York, NY, is a global
provider of educational materials and learning services targeting
the higher education, K-12, professional learning and information
markets with content, tools and services delivered via digital,
print and hybrid offerings. A subsidiary of a publishing company
that was formed in 1909, MHGE is one of the three largest U.S.
publishers focusing on the higher education and K-12 markets. The
company was acquired by funds affiliated with Apollo Global
Management, LLC in March 2013 for a combined $2.4 billion purchase
price and is a wholly-owned subsidiary of MHE US Holdings, LLC. The
company reported revenues of $1.8 billion for LTM ending September
30, 2016.



MIAMI NEUROLOGICAL AVENTURA: Taps Brett A. Elam as Legal Counsel
----------------------------------------------------------------
Miami Neurological Institute at Aventura, LLC seeks approval from
the U.S. Bankruptcy Court for the Southern District of Florida to
hire legal counsel in connection with its Chapter 11 case.

The Debtor proposes to hire The Law Offices of Brett A. Elam, P.A.
to give legal advice regarding its duties under the Bankruptcy
Code, negotiate with creditors, assist in the preparation of a
bankruptcy plan, and provide other legal services.

The rates charged by the firm range from $225 per hour to $375 per
hour.

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

The firm can be reached through:

       Brett A. Elam, Esq.
       The Law Offices of Brett A. Elam, P.A.
       105 S. Narcissus Avenue, Suite 802
       West Palm Beach, FL 33401
       Tel: (561) 833-1113

               About Miami Neurological Institute
                        at Aventura LLC

Miami Neurological Institute at Aventura, LLC, a Florida-based
company, is a tenant under a nonresidential real property lease.
The facility is located in Miami-Dade County, Florida, and is where
Miami Neurological Institute, LLC operates its neurological spine
surgery center.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S. D. Fla. Case No. 17-11365) on February 2, 2017.  

At the time of the filing, the Debtor estimated assets of less than
$100,000 and liabilities of less than $1 million.


MINDEN AIR: Asks Court to Extend Plan Filing Deadline to April 17
-----------------------------------------------------------------
Minden Air Corp. asks the U.S. Bankruptcy Court for the District of
Nevada to extend the time period to file its plan of
reorganization, to and including April 17, 2017, and the
corresponding exclusive period for obtaining confirmation of
Debtor's filed plan of reorganization, to and including June 16,
2017.

The Debtor tells the Court that it needs additional time to prepare
adequate information and formulate a plan of reorganization.  The
Debtor also tells the Court that its principals have just closed
escrow on the sale of their home and paid off one of the Debtor's
secured creditors. As such, the Debtor needs time to negotiate
further with its remaining creditors in order to formulate its
plan.

                            About Minden Air Corp.

Minden Air Corp. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Nev. Case No. 16-51033) on August 18,
2016.  The petition was signed by Leonard K. Parker, president. The
case is assigned to Judge Bruce T. Beesley.  At the time of the
filing, the Debtor disclosed $5.07 million in assets and $883,504
in liabilities.


MRN HOMES: Cash Collateral Use on Final Basis Allowed
-----------------------------------------------------
Judge Wendy L. Hagenau of the U.S. Bankruptcy Court for the
Northern District of Georgia authorized MRN Homes of Georgia, LLC,
to use cash collateral on a final basis.

BizFi asserts a claim in the amount of approximately $350,000.  It
further asserts that the Claim is secured by accounts receivables
generated from the Debtor's business.  

PIRS Capital, Pearl Capital, LLC, Yellowstone Capital, LLC, and
Kabbage, Inc. also assert an interest in the Debtor's accounts
receivables.  The Debtor's schedules indicate that the total value
of accounts receivables as of the Petition Date is $321,859.31.

The approved Budget provides for total expenses in the amount of
$605,101.11.

BizFi and the other creditors were granted a valid and properly
perfected security interest on all property acquired by the Debtor
after the Petition Date, that is of the same or similar nature,
kind or character, and priority as BizFi's and the other
creditors', including all cash, receivables, and accounts of the
Debtor.

The replacement liens will be subject to the quarterly fees
required to be paid pursuant to 28 U.S.C. Section 1930(a), and any
fees payable to the Clerk of the Bankruptcy Court.

A full-text copy of the Final Order, dated February 8, 2017, is
available at
http://bankrupt.com/misc/MRNHomes2017_1750831wlh_32.pdf

BizFi, LLC can be reached at:

          BIZFI, LLC
          460 Park Ave. S 10th Floor
          New York, NY 10016

Yellowstone Capital, LLC can be reached at:

          YELLOWSTONE CAPITAL, LLC
          c/o Vadim Serebro, Esq.
          17 State St., Suite 400
          New York, NY 10004

Pearl Capital, LLC can be reached at:

          PEARL CAPITAL, LLC
          1020 Park Avenue, Apt. 7A
          New York, NY 10028

PIRS Capital can be reached at:

         PIRS CAPITAL
         40 Exchange Place, Suite 403
         New York, N.Y. 10005

Kabbage, Inc. can be reached at:

          KABBAGE, INC.
          P.O. Box 77081
          Atlanta, GA 30357

            About MRN Homes of Georgia, LLC

MRN Homes of Georgia, LLC is a Georgia limited liability company
that is primarily in the business of residential roofing.

MRN Homes of Georgia, LLC filed a voluntary petition for relief
under Chapter 11 of the Bankruptcy Code  (Bankr. N.D. Ga. Case No.
17-50831) on Jan. 17, 2017.  The petition was signed by James W.
Hewatt, owner/managing member.  The Debtor is represented by Will
B. Geer, Esq., at the Law Office of Will B. Geer, LLC.  The case is
assigned to Judge Wendy L. Hagenau.  The Debtor estimated assets at
$500,000 to $1 million and liabilities at $1 million to $10 million
at the time of the filing.



NAKED BRAND: Amends Letter of Intent with Bendon Limited
--------------------------------------------------------
Naked Brand Group Inc. and Bendon Limited entered into Amendment
No. 1 to the Letter of Intent, dated Dec. 19, 2016, entered into by
the Company and Bendon in connection with a proposed business
combination, according to a Form 8-K report filed with the
Securities and Exchange Commission.

The Amendment (i) extends the date, from Feb. 10, 2017, to March
10, 2017, by which the parties shall have entered into a definitive
agreement regarding the Business Combination before certain
penalties may be incurred; (ii) adjusts the Net Asset Amount (as
defined in the Amendment) to $1.359 million, which amount will be
adjusted as a result of any additional capital transactions as
agreed to by the Company and Bendon, and is used to determine, in
part, the extent to which the number of shares of the Company's
common stock proposed to be issued to Bendon in the Business
Combination would be adjusted; and (iii) amends certain other terms
and conditions of the Original LOI.

A full-text copy of the Amended LOI, dated Feb. 9, 2017, as filed
with the SEC is available for free at https://is.gd/nXdaIb

                      About Naked Brand

Naked Brand Group Inc. designs, manufactures, and sells men's
innerwear and lounge apparel products in the United States and
Canada.  It offers various innerwear products, including trunks,
briefs, boxer briefs, undershirts, T-shirts, and lounge pants
under the Naked brand, as well as under the NKD sub-brand for men.
The company sells its products to consumers and retailers through
wholesale relationships and direct-to-consumer channel, which
consists of an online e-commerce store, thenakedshop.com.  Naked
Brand Group Inc. is based in New York.

Naked Brand reported a net loss of US$19.06 million on US$1.38
million of net sales for the year ended Jan. 31, 2016, compared to
a net loss of US$21.07 million on US$557,000 of net sales for the
year ended Jan. 31, 2015.

As of July 31, 2016, Naked Brand had US$2.99 million in total
assets, US$1.44 million in total liabilities and US$1.55 million in
total stockholders' equity.

BDO USA, LLP, in New York, NY, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Jan. 31, 2016, noting that the Company incurred a net loss of
$19,063,399 for the year ended Jan. 31, 2016, and the Company
expects to incur further losses in the development of its business.
This condition raises substantial doubt about the Company's
ability to continue as a going concern, the auditors said.


NAKED BRAND: Enters Into 'At Market' Deal with Maxim Group
----------------------------------------------------------
Naked Brand Group Inc. entered into an At The Market Offering
Agreement with Maxim Group LLC pursuant to which the Company may
sell from time to time, up to an aggregate of $5,000,000 of shares
of the Company's common stock, par value $0.001 per share, through
Maxim, as sales agent.  Any Shares offered and sold in the Offering
will be issued pursuant to a shelf registration statement on Form
S-3 (File No. 333-213965), which was declared effective by the
Securities and Exchange Commission on Oct. 19, 2016, the prospectus
and the prospectus supplement relating to the Offering that forms a
part of the Form S-3.

Subject to the terms and conditions of the Agreement, Maxim will
use its commercially reasonable efforts to sell the Shares from
time to time, based on the Company's instructions.  Under the
Agreement, Maxim may sell the Shares by any method permitted by law
deemed to be an "at the market offering" as defined in Rule 415
promulgated under the Securities Act of 1933, as amended,
including, without limitation, sales made directly on the Nasdaq
Capital Market.

The Company is not obligated to make any sales of Shares under the
Agreement.  The offering of the Shares of Common Stock pursuant to
the Agreement will terminate upon the earlier of (i) the sale of
all Common Stock subject to the Agreement or (ii) termination of
the Agreement in accordance with its terms.

Under the terms of the Agreement, Maxim will be entitled to a
commission at a fixed rate of 3.5% of the gross sales price of
Shares sold under the Agreement.  The Company will also reimburse
Maxim for certain expenses incurred in connection with the
Agreement, and agreed to provide indemnification and contribution
to Maxim with respect to certain liabilities under the Securities
Act and the Securities Exchange Act of 1934, as amended.

                      About Naked Brand

Naked Brand Group Inc. designs, manufactures, and sells men's
innerwear and lounge apparel products in the United States and
Canada.  It offers various innerwear products, including trunks,
briefs, boxer briefs, undershirts, T-shirts, and lounge pants
under the Naked brand, as well as under the NKD sub-brand for men.
The company sells its products to consumers and retailers through
wholesale relationships and direct-to-consumer channel, which
consists of an online e-commerce store, thenakedshop.com.  Naked
Brand Group Inc. is based in New York.

Naked Brand reported a net loss of US$19.06 million on US$1.38
million of net sales for the year ended Jan. 31, 2016, compared to
a net loss of US$21.07 million on US$557,000 of net sales for the
year ended Jan. 31, 2015.

As of July 31, 2016, Naked Brand had US$2.99 million in total
assets, US$1.44 million in total liabilities and US$1.55 million in
total stockholders' equity.

BDO USA, LLP, in New York, NY, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Jan. 31, 2016, noting that the Company incurred a net loss of
$19,063,399 for the year ended Jan. 31, 2016, and the Company
expects to incur further losses in the development of its business.
This condition raises substantial doubt about the Company's
ability to continue as a going concern, the auditors said.


NASTY GAL: Can Use Hercules Capital Cash on Final Basis
-------------------------------------------------------
Judge Sheri Bluebond of the U.S. Bankruptcy Court for the Central
District of California authorized Nast Gal Inc. to use the cash
collateral of Hercules Capital, Inc., f/k/a Hercules Technology
Growth Capital Inc., in its capacity as administrative agent for
itself and several banks and other financial institutions, on a
final basis.

The Debtor owes Hercules Capital, Inc., et al., collectively known
as the Prepetition Lender, the aggregate amount of not less than
$13,788,855.

The Court had authorized the Debtor to proceed with the sale of
substantially all of its intellectual property assets on or before
Feb. 28, 2017, to BooHoo F I Ltd., for a cash consideration of $20
million.

Judge Bluebond acknowledged that the ability of the Debtor to
continue to finance its operations through and beyond a closing of
the sale to the Stalking Horse Bidder requires the continued and
immediate use of cash collateral to pay the expenditures set forth
in the approved Budget.

The Debtor asserted that without the use of cash collateral,
immediate and irreparable harm will result to the Debtor, its
estate, and its creditors.  The Debtor further asserted that the
inability to use cash collateral would render impossible an
effective and orderly case that would maximize the value that may
be returned to creditors and interest holders.

Judge Bluebond held that given the binding purchase agreement and
the commitment of the Stalking Horse Bidder, the value of the
Debtor's assets that consitute the Prepetition Lender's collateral
exceeds the value of the Debtor's obligations to the Prepetition
Lender.  Judge Bluebond acknowledged that the use of cash
collateral will preserve the value of the Debtor's assets pending
the sale of the said assets at a price that will exceed the value
of the Debtor's obligations to the Prepetition Lender.  She
concluded that the Prepetition Lender is adequately protected for
the use of cash collateral.

The approved Budget, which covers the period January 29, 2017
through April 1, 2017 provides for total operating disbursements of
$5,956,000, and total bankruptcy disbursements of $722,000.

The Debtor's authority to use cash collateral will terminate at the
earliest of:

     (a) March 8, 2017;

     (b) The termination of the Asset Purchase Agreement with
Boohoo F I Limited;

     (c) The occurrence of any of the Events of Default; or

     (d) The Debtor's failure to comply with the Court's Final
Order.

The Prepetition Lender was granted adequate protection liens on all
property and assets of the Debtor, and all their proceeds, that
were subject to the Prepetition Lender's liens and security
interests, and to the extent permissible under existing contracts,
on all of the Debtor's intellectual property.  The Prepetition
Lender was also granted whatever rights and claims that may be
afforded under Bankruptcy Code Section 507(b).

A full-text copy of the Final Order, dated Feb. 8, 2017, is
available at
http://bankrupt.com/misc/NastyGal2016_216bk24862bb_366.pdf

                      About Nasty Gal Inc.

Nasty Gal Inc. filed a Chapter 11 petition (Bankr. C.D. Cal. Case
No. 16-24862) on  Nov. 9, 2016.  The petition was signed by Joe
Scirocco, president.  The case is assigned to Judge Sheri Bluebond.
At the time of filing, the Debtor estimated assets and liabilities
at $10 million to $50 million.

The Debtor engaged Scott F. Gautier, Esq., at Robins Kaplan LLP, as
counsel; Peter J. Solomon Company as its exclusive financial and
strategic advisor; and Rust Consulting Omni Bankruptcy as claims,
noticing and balloting agent.

The Office of the U.S. Trustee on Nov. 18, 2016, appointed five
creditors  of Nasty Gal Inc. to serve on the official committee of
unsecured  creditors.  The Creditors' Committee tapped B. Riley &
Co. as financial advisor, and Gary E. Klausner, Esq., and Todd M.
Arnold, Esq., at Levene, Neale, Bender, Yoo & Brill LLP, as
counsel.

The Office of the U.S. Trustee appointed Wesley H. Avery as
Consumer Privacy Ombudsman.


NASTY GAL: To Lay Off Workers, Close Stores After Brand Name Sale
-----------------------------------------------------------------
Sarah Chaney, writing for The Wall Street Journal Pro Bankruptcy,
reported that online fashion retailer Nasty Gal Inc. is laying off
employees and closing its brick-and-mortar stores in connection
with the sale of its brand name and other intellectual property to
U.K. rival Boohoo.com.

According to the report, the online fashion retailer has asked
permission from the U.S. Bankruptcy Court in Los Angeles to reject
the leases of their stores in Melrose Avenue and in Santa Monica to
allow them to save monthly rent expenses of more than $125,000.  In
connection with the sale and store closures, Nasty Gal also
notified the 70 employees at its Shepherdsville, Ky., distribution
center of impending layoffs, the report related.

At the time of filing in November, Nasty Gal employed 189 workers
at the distribution center, its corporate office and its retail
stores, the report pointed out.

                     About Nasty Gal Inc.

Nasty Gal Inc. filed a Chapter 11 petition (Bankr. C.D. Cal. Case
No. 16-24862) on  Nov. 9, 2016.  The petition was signed by Joe
Scirocco, president.  The case is assigned to Judge Sheri Bluebond.
At the time of filing, the Debtor estimated assets and liabilities
at $10 million to $50 million.

The Debtor engaged Scott F. Gautier, Esq., at Robins Kaplan LLP,
as
counsel; Peter J. Solomon Company as its exclusive financial and
strategic advisor; and Rust Consulting Omni Bankruptcy as claims,
noticing and balloting agent.

The Office of the U.S. Trustee on Nov. 18, 2016, appointed five
creditors  of Nasty Gal Inc. to serve on the official committee of
unsecured  creditors.  The Creditors' Committee tapped B. Riley &
Co. as financial advisor, and Gary E. Klausner, Esq., and Todd M.
Arnold, Esq., at Levene, Neale, Bender, Yoo & Brill LLP, as
counsel.

The Office of the U.S. Trustee appointed Wesley H. Avery as
Consumer Privacy Ombudsman.


NAVIDEA BIOPHARMACEUTICALS: Execs. to Get $157K 2016 Bonuses
------------------------------------------------------------
The Board of Directors of Navidea Biopharmaceuticals, Inc.,
determined the amounts to be awarded as 2016 bonuses to certain
executive officers.  The Board of Directors also determined a
portion of the 2016 bonus amount payable to those executive
officers would be paid in stock in lieu of cash.  The portion of
the 2016 bonus amount payable in cash is either fifty percent or
thirty-three percent, as determined by the Board of Directors.  As
such, Dr. Cope, Mr. Klima and Mr. Regan were awarded 70,492, 50,885
and 63,135, respectively, shares of common stock of the Company
valued at $0.52 per share, the closing price of Navidea's common
stock on Feb. 6, 2017.

                            
                                          Total 2016    
  Name/Position                          Bonus Amount
  -------------                          ------------
Frederick O. Cope, Ph.D.                    $54,710
Senior Vice President and
Chief Scientific Officer

Thomas J. Klima                             $52,920
Senior Vice President and
Chief Commercial Officer

William J. Regan                            $49,000
Senior Vice President and
Chief Compliance Officer

Payment of the cash portion of the 2016 bonus awards has been
deferred until sufficient funds are available.  The Board of
Directors deferred determination of 2016 bonus awards to Dr.
Goldberg and Mr. Latkin.

            2015 Bonus Awards for Executive Officers

On Feb. 25, 2016, the Board of Directors determined that 50% of the
2015 bonus amount payable to certain executive officers would be
paid in stock options in lieu of cash, calculated based on the
Black-Scholes value of the options on the date of grant.  As such,
Dr. Cope and Mr. Regan were awarded options to purchase 58,510 and
52,405, respectively, shares of common stock of the Company at an
exercise price of $0.98 per share, vesting immediately upon the
date of grant and expiring after ten years.  The cash portion of
the 2015 bonus awards has not yet been paid.

On Feb. 6, 2017, the Board of Directors determined that the amounts
previously awarded as 2015 bonuses to certain executive officers
would be subject to the same split between cash and stock as the
2016 bonus awards.  As such, Dr. Cope and Mr. Regan were awarded an
additional 17,886 and 16,020, respectively, shares of common stock
of the Company valued at $0.52 per share, the closing price of
Navidea's common stock on Feb. 6, 2017.  Payment of the cash
portion of the 2015 bonus awards has been deferred until sufficient
funds are available.

A full-text copy of the Form 8-K filing is available for free at:

                     https://is.gd/pmHQ5V

                        About Navidea

Navidea Biopharmaceuticals, Inc. is a biopharmaceutical company
focused on the development and commercialization of precision
immunodiagnostic agents and immunotherapeutics.  Navidea is
developing multiple precision-targeted products based on our
Manocept platform to help identify the sites and pathways of
undetected disease and enable better diagnostic accuracy, clinical
decision-making, targeted treatment and, ultimately, patient care.

Navidea reported a net loss of $27.56 million in 2015, a net loss
of $35.72 million in 2014 and a net loss of $42.69 million in
2013.

As of Sept. 30, 2016, Navidea had $11.18 million in total assets,
$74.96 million in total liabilities and a total stockholders'
deficit of $63.77 million.


NEPHROGENEX INC: Asks Court to Move Plan Filing Period to May 31
----------------------------------------------------------------
NephroGenex, Inc. requests the U.S. Bankruptcy Court for the
District of Delaware to extend its exclusive period to file and
obtain acceptance of a Chapter 11 Plan, through and including May
31, 2017.

The Debtor relates that it has previously sought the Court's
approval to sell substantially all of its assets. Since the Debtor
have received no qualified bids by the bid deadline, the Debtor
filed its Notice of Cancellation of Auction and Related Sales
Process.

The Debtor further relates that after termination of its sale
process, the Debtor has prepared a plan of liquidation and other
related documents in an effort to move its Chapter 11 case toward a
conclusion. Consequently, the Debtor has filed its Liquidating Plan
and Disclosure Statement on December 16, 2016.

However, the Debtor tells the Court that several weeks after filing
its Liquidating Plan and Disclosure Statement, the Debtor received
a draft plan term sheet from Medpace, Inc. that contemplated a
restructuring of the Debtor through a Chapter 11 Plan of
Reorganization. The Debtor further tells the Court that after
several weeks of good faith, arm's length negotiations, it has
agreed with Medpace, Inc. on the material terms of a Plan of
Reorganization. Those terms are embodied in a Chapter 11 Plan Term
Sheet and a Plan Support Agreement. Recently, on February 1, 2017,
the Debtor has sought the Court's authority to enter into the PSA.

The Debtor describes that the Plan of Reorganization contemplates
Medpace, Inc. waiving its cash distribution and exchanging its
unsecured claim against the Debtor in the amount of $4,312,699 for
100% of the newly-issued equity in the reorganized Debtor. The
Debtor contends that Medpace Claim is by far the largest claim
against its estate and comprises at least 65% of the unsecured
claims pool. The Debtor believes that its unsecured creditors will
receive a greater recovery on their claim on the contemplated
restructuring than what has been anticipated under the Liquidating
Plan.

                   About NephroGenex, Inc.

Raleigh, N.C.-based NephroGenex, Inc., is a drug development
company that focuses on developing novel therapies for kidney
disease.  It develops Pyridorin (pyridoxamine dihydrochoride), a
therapeutic agent, which is in Phase III clinical study for the
treatment of diabetic nephropathy.

NephroGenex filed for Chapter 11 bankruptcy protection (Bankr. D.
Del. Case No. 16-11074) on April 30, 2016, disclosing $4.9 million
in total assets and $6.2 million in total debt as of April 30,
2016.  The petition was signed by John P. Hamill, chief executive
officer and chief financial officer.

David R. Hurst, Esq., at Cole Scotz P.C. serves as the Debtor's
bankruptcy counsel.  Cassel Salpeter & Co. LLC is the Debtor's
investment banker and financial advisor.  Kurtzman Carson
Consultants LLC is the Debtor's claims and noticing agent.

To date, no Creditors' Committee has been appointed by the Office
of the U.S. Trustee. No trustee or examiner has been appointed in
the Debtor's Chapter 11 Case.


NET ELEMENT: Directs ESOUSA to Buy $1 Million Common Shares
-----------------------------------------------------------
Net Element, Inc. opted to present ESOUSA HOLDINGS, LLC, a New York
limited liability company, with a purchase notice directing ESOUSA
to purchase 1,161,442 shares of the Company's common stock for the
aggregate purchase price of $1,000,000 (or $0.861 per share)
pursuant to the Common Stock Purchase Agreement with ESOUSA.  The
SPA and its terms were disclosed in our Current Report on Form 8-K
filed on July 12, 2016.  Those shares of common stock of the
Company were issued to ESOUSA under an exemption from the
registration requirements of the Securities Act of 1933, as
amended, in reliance upon Section 4(a)(2) of the Securities Act.  A
full-text copy of the Form 8-K filing dated Feb. 10, 2017, is
available for free at https://is.gd/EnQPs0

                       About Net Element

Miami, Fla.-based Net Element International, Inc., formerly Net
Element, Inc., currently operates several online media Web sites
in the film, auto racing and emerging music talent markets.

Net Element reported a net loss of $13.3 million on $40.2 million
of total revenues for the year ended Dec. 31, 2015, compared to a
net loss of $10.2 million on $21.4 million of total revenues for
the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Net Element had $23.39 million in total
assets, $16.82 million in total liabilities and $6.56 million in
total stockholders' equity.

Daszkal Bolton LLP, in Fort Lauderdale, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has sustained
recurring losses from operations and has working capital and
accumulated deficits that raise substantial doubt about its ability
to continue as a going concern.


NEUSTAR INC: Egan-Jones Lowers Sr. Unsecured Debt Rating to B+
--------------------------------------------------------------
Egan-Jones Ratings, on Jan. 25, 2017, downgraded the senior
unsecured ratings on debt issued by Neustar Inc. to B+ from BB.

Neustar, Inc. is an American technology company that provides
real-time information and analytics for the Internet,
telecommunications, entertainment, and marketing industries, and a
provider of clearinghouse and directory services to the global
communications and Internet industries.



NEW JERSEY ANTIQUE: Taps Broege Neumann as Legal Counsel
--------------------------------------------------------
New Jersey Antique & Used Furniture LLC seeks approval from the
U.S. Bankruptcy Court for the District of New Jersey to hire legal
counsel in connection with its Chapter 11 case.

The Debtor proposes to hire Broege, Neumann, Fischer & Shaver, LLC
to give legal advice regarding its duties under the Bankruptcy
Code, negotiate with creditors to resolve their claims, prepare a
bankruptcy plan, and provide other legal services.

The hourly rates charged by the firm are:

     Timothy Neumann     $550  
     Peter Broege        $500  
     Frank Fischer       $325
     David Shaver        $325
     Paralegals          $100

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

The firm can be reached through:

     Timothy P. Neumann, Esq.
     Broege, Neumann, Fischer & Shaver, LLC
     25 Abe Voorhees Drive
     Manasquan, NJ 08736
     Phone: (732) 223-8484

                    About New Jersey Antique

New Jersey Antique & Used Furniture LLC sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Case No. 17-12407)
on Feb. 7, 2017, listing under $500,000 in both assets and
liabilities.


NEW JERSEY HEADWEAR: Seeks 90-Day Plan Filing Period Extension
--------------------------------------------------------------
New Jersey Headwear Corp. seeks from the U.S. Bankruptcy Court for
the District of New Jersey for a 90-day extension of its exclusive
period to file a Plan of Reorganization, and a corresponding 60-day
extension of the time to obtain acceptance of its Plan.

The Debtor submits that it continues to manage and operate its
business as Debtor-In-Possession, and currently the Debtor is
operating at an annual sales level of $6,450,000 and is meeting
budget for the 13 week period ending February 10, 2017.

The Debtor projects that it is achieving its second 13-week
projection ending May 12, 2017, within the percentage margin
confirmed in the Final Order authorizing the use of the cash
collateral of Bank of America.

                    About New Jersey Headwear

New Jersey Headwear Corp. maintains its offices at 305 3rd Avenue
West #5, NJ 07107. The Debtor manages and operates a manufacturing
business producing headwear, tote bags and other textiles.

New Jersey Headwear Corp. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. N.J. Case No. 16-31777) on November 14,
2016. The petition was signed by Mitchell Cahn, president. The case
is assigned to Judge Stacey L. Meisel. At the time of the filing,
the Debtor estimated its assets and liabilities at $1 million to
$10 million.

The Debtor is represented by  William S. Katchen, Esq. at the Law
Offices of William S. Katchen, LLC. The Debtor employs Edward Bond,
Esq. and Bederson, LLP as financial advisor.


NEXXLINX CORP: Unsecureds to Get 63%-77% Under 2nd Amended Plan
---------------------------------------------------------------
Nexxlinx Corporation, Inc., and affiliates filed with the U.S.
Bankruptcy Court for the Northern District of Georgia their second
amended disclosure statement to accompany their second amended plan
of reorganization, dated Feb. 10, 2017, which proposes to pay
unsecured creditors 63%-77% of their allowed claims.

Class 9, Unsecured Claims, is impaired under the plan. The
Reorganized Debtor will contribute a total of $5 million over the
life of the Plan to the Creditor Trust.  This is comprised of
scheduled Plan payments plus contingent annual "profit sharing"
payments to Class 9 Claimants. Holders of an Allowed Unsecured
Claim in Class 9 will receive payment of a proportionate share of
the funds in the Creditor Trust equal to that Holder's Pro Rata
Share. Estimated recovery for this class is 63% to 77% (plus any
additional amounts which may be received from Creditor Trust
Assets).

Under the first amended plan, the Debtor proposed to pay unsecured
creditors 27% of their allowed claims. Additionally, the plan
provided for contingent annual "profit sharing" payments to holders
of Class 9 unsecured claims in an estimated total amount of
$331,271.

Allowed Administrative Claims for professional compensation and
expenses awarded will be paid first from any retainers provided or
reserves established as contemplated under orders entered in the
Case and, to the extent any deficiencies remain, from cash on hand
and/or future earnings of the Reorganized Debtor.  All payments to
Holders of Allowed Claims in Classes 1-8 will be paid from future
earnings of the Reorganized Debtor. All other Payments to Holders
of Allowed Claims in Classes 9 and/or 10 will be paid from the
Creditor Trust to be funded by future earnings of the Reorganized
Debtor, capital contributions from the New Value Equity
Participants, and any other Creditor Trust Assets.

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

           http://bankrupt.com/misc/ganb16-61225-221.pdf

                   About NexxLinx Corporation

NexxLinx Corporation, Inc. provides cloud-based outsourced
business
process and marketing services. The company designs custom
solutions for inbound and outbound customer care, telemarketing
and
data collection, help desk, e-mail processing, live Web and voice
interaction, and back-end data processing. It also provides
multichannel communication, customer retention, inbound sales
conversion, government contact center, back office support,
technical support, and fulfillment solutions.

NexxLinx sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. N.D. Ga. Case No. 16-61225) on June 28, 2016.  The
petition
was signed by D. Alan Quarterman, CEO.  The Company has
estimated
assets and liabilities of $10 million to $50 million.

These affiliates also sought Chapter 11 protection on June 28:
CustomerLinx of North Carolina, Inc., Microdyne Outsourcing, Inc.,
NexxLinx Global, Inc., NexxLinx of New York, Inc., and NexxLinx of
Texas, Inc.

The court on June 30, 2016, entered an order jointly administering
the Chapter 11 cases.

NexxPhase, Inc. filed a Chapter 11 petition (Bankr. N.D. Ga. Case
No. 16-62269) on July 14, 2016.

The cases are assigned to Judge Paul Baisier. The Debtors are
represented by Ashley Reynolds Ray, Esq., and J. Robert
Williamson,
Esq., at Scroggins & Williamson, P.C. GGG Partners, LLC serves as
the Debtors' financial consultant.

Guy Gebhardt, acting U.S. trustee for Region 21, on July 11, 2016,
appointed five NexxLinx creditors to serve on the official
committee of unsecured creditors.  The committee has retained
Mark
I. Duedall, Esq., at Bryan Cave LLP, as counsel.


NVA HOLDINGS: Moody's Assigns B1 Rating to $94.5MM Revolver Debt
----------------------------------------------------------------
Moody's Investors Service assigned a B1 (LGD 2) rating to NVA
Holdings, Inc.'s proposed $94.5 million senior secured first lien
revolving credit facility maturing August 2020. At the same time,
NVA is seeking to upsize its existing first lien term loan by $180
million and second lien term loan by $50 million. Net proceeds from
the term loan add-ons will be used to repay the company's
higher-interest first lien term loan B-1 borrowings of $104
million, repay $50 million of outstanding borrowings under the
revolving credit facility, and add balance sheet cash for future
acquisitions. Pro-forma for the higher debt, NVA's adjusted
financial leverage remains flat at roughly 7.4 times. While
pro-forma leverage is expected to remain high, Moody's expects the
company's stable and predictable cash flows supported by recurring
patient visits to continue. In addition, Moody's recognizes the
company's improved liquidity supported by higher balance sheet cash
of about $100 million and a longer maturity on its revolving credit
facility.

NVA's B3 Corporate Family Rating, B3-PD Probability of Default
Rating, and B1 rating for NVA's existing senior secured first lien
term loans remain unchanged. Also unchanged is the Caa2 rating for
the company's $160 million senior secured second lien term loan.
The rating outlook is stable.

Following is a summary of Moody's rating assignment on NVA
Holdings, Inc.:

$94.5M senior secured revolving credit facility maturing August
2020, at B1 (LGD 2)

The following ratings of NVA Holdings, Inc. are unchanged:

Corporate Family Rating, B3

Probability of Default Rating, B3-PD

Senior secured revolver due August 2019, B1 to be withdrawn (LGD 2
changed from LGD 3)

Senior secured first lien term loan maturing August 2021, B1 (LGD
2 changed from LGD 3)

Senior secured second lien term loan maturing August 2022, Caa2
(LGD 5)

The rating outlook is stable.

RATINGS RATIONALE

NVA's B3 Corporate Family Rating reflects the company's very high
financial leverage, small absolute revenue size, and uncertainty
related to the pace of acquisitions over the
near-to-intermediate-term and the extent to which incremental debt
will be utilized. While Moody's expects positive organic same-store
sales growth over the next 12 to 18 months, the company will likely
pursue growth through an aggressive acquisition strategy. Part of
this strategy will likely involve incremental debt and potentially
reduce available external liquidity sources. NVA's credit profile
benefits from its solid market presence as a leading provider of
freestanding veterinary hospitals in the U.S., with a diverse
geographic footprint across 40 states, as well as Australia and
Canada. The rating is also supported by the company's flexibility
to temper the pace of acquisitions should the operating environment
deteriorate or if the company's cash needs increase.

The rating outlook is stable, reflecting the company's relatively
stable business profile and positive free cash flow generation, as
well as Moody's expectation that credit metrics will improve over
the next year driven by higher earnings. The stable rating outlook
does not incorporate significant debt-funded acquisitions or
shareholder initiatives.

The ratings could be downgraded if the company faces top-line and
earnings pressure such that operating margins, cash flow, or
sources of liquidity deteriorate; financial leverage is not reduced
meaningfully over the next 12 to 18 months; or the company engages
in material debt-financed shareholder initiatives.

The ratings could be upgraded if NVA sustains revenue and earnings
growth that would enable the company to reduce and sustain its
adjusted debt-to-EBITDA below 6.0 times.

The principal methodology used in this rating was Business and
Consumer Service Industry published in October 2016.

Based in Agoura Hills, California, NVA Holdings, Inc. ("NVA") is a
leading provider of veterinary medical services, operating
approximately 350 locally-branded animal hospitals across the
United States, Australia and Canada. NVA provides medical,
diagnostic testing, and surgical services to support veterinary
care. The company also offers ancillary services including boarding
and grooming, and the sale of pet food and other retail pet care
products. NVA is privately-owned by funds affiliated with financial
sponsor Ares Management LLC ("Ares"). Pro-forma for recent
acquisitions the company generates roughly $900 million in annual
revenues.


OCD LLC: Case Summary & Unsecured Creditor
------------------------------------------
Debtor: OCD, LLC
        2 William Street
        White Plains, NY 10601

Case No.: 17-22233

Type of Business: Single Asset Real Estate

Chapter 11 Petition Date: February 15, 2017

Court: United States Bankruptcy Court
       Southern District of New York (White Plains)

Judge: Hon. Robert D. Drain

Debtor's Counsel: Jeffrey A. Reich, Esq.
                  REICH REICH & REICH, P.C.
                  235 Main Street, Suite 450
                  White Plains, NY 10601
                  Tel: (914) 949-2126
                  Fax: (914) 949-1604
                  E-mail: reichlaw@aol.com
                          reichlaw@reichpc.com

Estimated Assets: $10 million to $50 million

Estimated Debts: $1 million to $10 million

The petition was signed by Charles Dewey, co-manging member.

The Debtor listed the Santa Cruz County Treasurer holding a claim
of $91,197 as its sole unsecured creditor.

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

          http://bankrupt.com/misc/nysb17-22233.pdf


OLMOS EQUIPMENT: Hires Mel Davis Auctions as Auctioneer
-------------------------------------------------------
Olmos Equipment Inc., seeks authorization from the U.S. Bankruptcy
Court for the Western District of Texas to employ Mel Davis
Auctions as auctioneer for the Debtor.

The Debtor owns various pieces of equipment and machinery it uses
in its business operations. The Debtor has determined that based on
the current economic condition and the Debtor's business
operations, it is in the best interests of the Debtor, its
bankruptcy estate, and its creditors to liquidate certain assets to
generate funds to make payments to creditors.

The Debtor requires Davis to prepare, market, and conduct an
auction of the Debtor's assets to acquire the greatest value for
the Debtor's assets.

Under the Auction Agreement, Davis shall conduct an auction either
live or
online wherein the Estate Assets will be sold.  According to the
parties' agreement, the Debtor and Davis agreed that Davis shall be
entitled to a Buyer's premium and commission based on the gross
sale price of:

     a. 15% Buyer's Premium and 10% Commission for all sales
conducted pursuant to an online auction; and

     b. 10% Buyer's Premium and 15% Commission for all sales
conducted pursuant to an online auction.

Additionally, Davis shall be entitled to charge Olmos for
advertising expenses an amount not to exceed $1,000.00. All
advertising expenses in excess of $1,000.00 will be paid by Davis.

Mel Davis, of Mel Davis Auctions, 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.

Davis may be reached at:

     Mel Davis
     Mel Davis Auctions
     14895 Donop Rd.
     Elmendorf, Texas 78112
     Phone: (210) 633-2445
     Fax: (210) 633-2990
     E-mail: mdavis@mtdauctions.com

                      About Olmos Equipment

Olmos Equipment Inc. filed a Chapter 11 petition (Bankr. W.D. Tex.
Case No. 16-51834) on Aug. 12, 2016.  The petition was signed by
Larry Struthoff, president.  The Debtor is represented by William
B. Kingman, Esq., at the Law Offices of William B. Kingman, PC. The
case is assigned to Judge Craig A. Gargotta.  The Debtor estimated
assets at $1 million to $10 million and liabilities at $10 million
to $50 million at the time of the filing.

The Debtor have hired Greg T. Murray PLLC as accountants and
Williams, Crow, Mask, LLP as accountant for limited purpose.

Judge Gargotta has entered an order approving the appointment of
Randolph N. Osherow as Chapter 11 Examiner for Olmos Equipment,
Inc.


OLMOS EQUIPMENT: Hires PPL Group & Myron Bowling as Auctioneers
---------------------------------------------------------------
Olmos Equipment Inc., seeks authorization from the U.S. Bankruptcy
Court for the Western District of Texas to employ PPL Group, LLC
and Myron Bowling Auctioneer as auctioneers for the Debtor.

The Debtor owns various pieces of equipment and machinery it uses
in its business operations. The Debtor has determined that based on
the current economic condition and the Debtor's business
operations, it is in the best interests of the Debtor, its
bankruptcy estate, and its creditors to liquidate certain assets to
generate funds to make payments to creditors.

The Debtor requires PPL Group, LLC and Myron Bowling auctioneers --
collectively, "PPL Group" -- to prepare, market, and conduct an
auction of the Debtor's assets to acquire the greatest value for
the Debtor's assets.

As compensation for the PPL Group's services, the PPL Group shall
be entitled to a 15% Buyer's Premium charged to on-site buyers and
an 18% Buyer's Premium charged to online buyers -- with 15%
retained by the PPL Group and 3% retained exclusively by the host
of the online auction service provider.

The first $1,550,000 of the sale proceeds will go to the PPL Group
to cover the Guarantee.

The next $100,000 of the sale proceeds will go to PPL Group to
cover expenses and risk.

Alex Mazer, authorized agent of PPL Group, LLC, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

PPL Group may be reached at:

      Alex Mazer
      PPL Group, LLC
      105 Revere Drive, Suite C
      Northbrook, IL 60062
      Phone: 224-927-5300
      Fax: 224-927-5311

         - and -

      Greg Hengehold
      Myron Bowling Auctioneers
      3901 Krause Lane
      Hamilton, OH 45014
      Phone: (513)738-3311
      Fax: (513)738-0221

                    About Olmos Equipment

Olmos Equipment Inc. filed a Chapter 11 petition (Bankr. W.D. Tex.
Case No. 16-51834) on Aug. 12, 2016.  The petition was signed by
Larry Struthoff, president.  The Debtor is represented by William
B. Kingman, Esq., at the Law Offices of William B. Kingman, PC. The
case is assigned to Judge Craig A. Gargotta.  The Debtor estimated
assets at $1 million to $10 million and liabilities at $10 million
to $50 million at the time of the filing.

The Debtor hired Greg T. Murray PLLC and Williams, Crow, Mask, LLP
as accountants.

Judge Gargotta entered an order approving the appointment of
Randolph N. Osherow as Chapter 11 Examiner for Olmos Equipment,
Inc.


OLMOS EQUIPMENT: Hires Ritchie Bros. as Auctioneer
--------------------------------------------------
Olmos Equipment Inc., seeks authorization from the U.S. Bankruptcy
Court for the Western District of Texas to employ Ritchie Bros.
Auctioneers (America) Inc., as auctioneer for the Debtor.

The Debtor owns various pieces of equipment and machinery it uses
in its business operations. The Debtor has determined that based on
the current economic condition and the Company's business
operations, it is in the best interests of the Debtor, its
bankruptcy estate, and its creditors to liquidate certain assets to
generate funds to make payments to creditors.

The Debtor requires Ritchie Bros. to prepare, market, and conduct
an auction of the Debtor's assets to acquire the greatest value for
the assets.

As compensation for Ritchie Bros. services, the firm will be
entitled to a commission based on the gross sale price of:

     a. 12% commission for any lot in excess of $2,500; and

     b. For any lot realizing $2,500 or less, 25% commission with a
minimum fee of $100 per lot.

Additionally, Ritchie Bros. shall be entitled to charge purchasers
an administrative fee of:

     a. 2.5% on lots selling for more than $2,500 up to a maximum
rate of $950; or

     b. 10% on lots selling for $2,500 or less.

In addition, Ritchie Bros., will receive the first $21,788.60 of
the sale proceeds to cover its costs of refurbishing and storage.

Dolan Aucoin, authorized agent of Ritchie Bros. Auctioneers
(America) 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.

Ritchie Bros may be reached at:

      Dolan Aucoin
      Ritchie Bros. Auctioneers (America) Inc.
      4000 Pine Lake Road
      Lincoln, NE 68516
      Tel: +1.402.421.3631
      Fax: +1.402.421.1738

                       About Olmos Equipment

Olmos Equipment Inc. filed a Chapter 11 petition (Bankr. W.D. Tex.
Case No. 16-51834) on Aug. 12, 2016.  The petition was signed by
Larry Struthoff, president.  The Debtor is represented by William
B. Kingman, Esq., at the Law Offices of William B. Kingman, PC. The
case is assigned to Judge Craig A. Gargotta.  The Debtor estimated
assets at $1 million to $10 million and liabilities at $10 million
to $50 million at the time of the filing.

The Debtor has hired Greg T. Murray PLLC as accountants and
Williams, Crow, Mask, LLP as accountant for limited purpose.

Judge Gargotta has entered an order approving the appointment of
Randolph N. Osherow as Chapter 11 Examiner for Olmos Equipment,
Inc.


OTS CAPITAL: Asks Court to Move Plan Filing Period to June 12
-------------------------------------------------------------
OTS Capital Partners, LLC requests the U.S. Bankruptcy Court for
the Northern District of Georgia to extend by an additional 90 days
its exclusive periods to file a plan of reorganization and solicit
acceptances to the plan, through and including June 12, 2017 and
August 11, 2017, respectively.

Pursuant to 11 U.S.C. Section 1121(b), the Debtor would have the
exclusive right to file a Plan of Reorganization until March 13,
2017.  The Debtor relates that it is still attempting to negotiate
a plan with its major creditors.

             About OTS Capital Partners, LLC

OTS Capital Partners, LLC, based in 616 Elliott Rd., McDonough,
Georgia, filed a Chapter 11 petition (Bankr. N.D. Ga. Case No.
16-70357) on Nov. 11, 2016.  The petition was signed by Dan C.
Fort, authorized representative.  The Debtor is represented by
William A. Rountree, Esq., Macey, Wilensky & Hennings, LLC.  At the
time of filing, the Debtor estimated $1 million to $10 million in
both assets and liabilities.


OUTER HARBOR: Unsecureds to Get Up to 16% Under Liquidation Plan
----------------------------------------------------------------
Outer Harbor Terminal, LLC, filed with the U.S. Bankruptcy Court
for the District of Delaware a combined Chapter 11 plan of
liquidation and disclosure statement dated Feb. 13, 2017.

Class 5 (General Unsecured Claims) -- estimated between $7,019,669
and $12,402,535 -- are impaired by the Plan.  The holders are
expected to recover 9% to 16%.

Each holder of an Allowed General Unsecured Claim will receive, in
full satisfaction, settlement, release and discharge of General
Unsecured Claim its pro rata share of the remaining cash of the
Estate after all distributions to the Holders of Administrative
Expense Claims, Priority Tax Claims, Claims in Classes 1, 2, 3 and
4 have been made or for which funds have been fully reserved and
following satisfaction of or reservation for all incurred and
anticipated Plan Administrator Expenses.

On the Effective Date, a Plan Administrator, who will be (a)
Heather Stack, or (b) another Person jointly selected by the Debtor
no later than five business days prior to the voting deadline, will
be appointed and thereafter serve in accordance with the Combined
Plan and Disclosure Statement.  The Plan Administrator will not be
required to give any bond or surety or other security for the
performance of its duties unless otherwise ordered by the Court.
In the Plan Supplement, the Debtor will identify the material terms
of the Plan Administrator's compensation.  

Allowed claims and any amounts necessary to wind down the Debtor's
Estate will be paid from: (a) cash held by the Debtor as of the
Effective Date, and (b) cash proceeds obtained after the Effective
Date, if any, from all sources, including the liquidation and
collection of the Debtor's remaining assets.

The Plan and Disclosure Statement is available at:

          http://bankrupt.com/misc/deb16-10283-532.pdf

                  About Outer Harbor Terminal

Outer Harbor Terminal, LLC -- aka Ports America Outer Terminal,
LLC, PAOH, and PAOHT -- is an Oakland, California-based port
operator.  It is a joint venture between Ports America and Terminal
Investment Ltd.

Outer Harbor is winding down operations.  Ports America is leaving
Oakland to concentrate its investments in other terminals that the
company operates in Tacoma, Los Angeles-Long Beach, New York-New
Jersey and Baltimore.

Oakland, California-based port operator Outer Harbor Terminal, LLC
filed for Chapter 11 protection (Bankr. D. Del. Case No. 16-10283)
on Feb. 1, 2016.  The petition was signed by Heather Stack, chief
financial officer.  The case is assigned to Judge Laurie Selber
Silverstein.

The Debtor disclosed $103 million in assets and $370 million in
debt.

Milbank, Tweed, Hadley & Mccloy LLP is the Debtor's general
counsel.  Mark D. Collins, Esq., at Richards, Layton & Finger,
P.A., serves as its Delaware counsel.  Prime Clerk LLC is the
claims and noticing agent.


PACHECO BROTHERS: Wants To Use TDDC, Direct Capital Cash Collateral
-------------------------------------------------------------------
Pacheco Brothers Gardening, Inc., asked the U.S. Bankruptcy Court
for the Northern District of California for permission to use on an
interim basis the cash collateral of disputed secured creditor TDDC
Ventures LLC and undisputed secured creditor Direct Capital, to the
extent they have lien rights in the Debtor's accounts receivables.


The Debtor wants to use through the end of February 2017 the cash
collateral to pay necessary expenses, including payroll, pending a
hearing of entry of final court order, at which time the Debtor
will seek authority to use cash collateral through the expiration
date set by the court order.

The Debtor assures the Court that the continued use of cash
collateral to conduct the operation of its business will preserve
and maximize the value of Del Conte and Direct Capital's
collateral, to the extent it has a valid security interest and
enhance the potential recovery for all creditors of this estate.

According to the Debtor, there is a significant equity cushion
protection to Direct Capital and Del Conte's claims since the
account receivables and other assets total $1,204,832 and the
combined debt is $447,555.  If necessary, the Debtor could make
monthly installment payments to Direct Capital at a lower amount
than the contract interest rate.  If the Court deems appropriate,
the Debtor would grant a replacement lien on post-petition
receivables to the extent the use of cash collateral causes a
diminution in the value of the collateral.

In addition, the Debtor will make its monthly payments to its
equipment/vehicle lenders.

The Debtor has cash in its bank accounts totaling $123,600.
Although the creditors' lien rights may not extend to the Debtor's
funds in its bank accounts, the Debtor believes it prudent to
obtain consent or court order to use any funds.

As part of the monthly operating expenses, the Debtor's payroll is
approximately $260,000 (this includes wages, taxes and the premium
for workers compensation).  The amount may be lower based on the
weather.  The Debtor owes approximately $56,000 for one week of
pre-petition wages and workers compensation premium.  The Debtor's
principals are paid a monthly salary as follows:

     George Pacheco          $2,900
     Lynn Pacheco            $1,044
     Gary Pacheco            $2,900

The Debtor's principals are not asking to be paid their
pre-petition payroll, but only be paid post-petition in the normal
course.

A copy of the Debtor's motion for authorization to use cash
collateral is available at:

          http://bankrupt.com/misc/canb17-40403-4.pdf

Pacheco Brothers Gardening Inc. is a full service landscape company
providing commercial landscape maintenance, landscape installation,
turf renovation and irrigation projects.  It has been in business
for over 35 years.  The majority of the Debtor's business is
"maintenance" which involves a wide variety of services ranging
from mowing and trimming to irrigation repairs and troubleshooting.
It has a number of East Bay municipal and public agency accounts,
as well as a mix of homeowner association, commercial accounts and
school district accounts.  The Debtor also has a substantial amount
of landscaping and construction business (for example, installation
of landscaping and hardscaping, playground installation, retaining
walls, landscape lighting, and the like).  The Debtor provides
other services as well, including tractor and specialty services.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. N.D.
Calif. Case No. 17-40403), due to financial pressure brought on by
several factors, including litigation cost relating to Tom Del
Conte and TDDC Ventures LLC v. Pacheco Brothers Gardening, Inc., et
al., Case No. HG15797608, currently pending in Alameda County
Superior Court, unpaid vendors and operational difficulty due to
its debt structure.

The Debtor is represented by:

     Chris D. Kuhner, Esq.
     Sarah L. Little, Esq.
     KORNFIELD, NYBERG, BENDES, KUHNER & LITTLE, P.C.
     1970 Broadway, Suite 225
     Oakland, California 94612
     Tel: (510) 763-1000
     Fax: (510) 273-8669
     E-mail: c.kuhner@kornfieldlaw.com
             s.little@kornfieldlaw.com


PHASOR TECHNOLOGY: Taps Lusky & Associates as Legal Counsel
-----------------------------------------------------------
Phasor Technology, Inc. seeks approval from the U.S. Bankruptcy
Court for the Northern District of Texas to hire legal counsel.

The Debtor proposes to hire Lusky & Associates, P.C. to give legal
advice regarding its duties under the Bankruptcy Code, and provide
other legal services related to its Chapter 11 case.

Herman Lusky, Esq., the attorney designated to represent the
Debtor, will be paid an hourly rate of $350.  Paralegals will be
paid $85 per hour.

Lusky & Associates has no connection with any "party-in-interest"
in the Debtor's bankruptcy case.

The firm can be reached through:

     Herman A. Lusky, Esq.
     Lusky & Associates, P.C.
     12720 Hillcrest Rd., Ste. 270
     Dallas, TX 75230
     Tel. No.: 972-386-3900
     Email: mail@lusky.com

                     About Phasor Technology

Phasor Technology, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N. D. Texas Case No. 17-30495) on February
6, 2017.  The petition was signed by David P. Edelbrock, president.


At the time of the filing, the Debtor estimated assets of less than
$100,000 and liabilities of less than $500,000.


PROGRESSIVE ACUTE: Doctors Sue Four Administrators for Fraud
------------------------------------------------------------
The American Bankruptcy Institute, citing Jonathan Ellis of Argus
Leader, reported that a group of South Dakota doctors sued four
administrators of Progressive Acute Care, claiming they were
defrauded out of millions of dollars in an investment that went
belly up.

According to the report, citing the complaint, the 12 doctors were
investors in PAC, a company that in 2009 owned three rural
hospitals in central Louisiana.  The doctors were primarily
orthopedic surgeons and neurosurgeons practicing at CNOS in Dakota
Dunes, the report related.

The report further related that the doctors owned about 40 percent
of the preferred equity in PAC.  The report said that the lawsuit
alleges that Mike Hurlburt, a former CEO at CNOS and the chief
operating officer for PAC, “told the physicians that a return of
three-to-four times their investment was assured, and that he was
expecting a return of ten times their investment.”

Based upon those assurances, the doctors invested an additional $3
million to purchase the fourth hospital and approved more than $10
million in additional debt for PAC to make the purchase, the report
said.

But the doctors claim in their lawsuit that the revenue numbers of
the fourth hospital -- called Dauterive Hospital -- were falsified
by the defendants, the report added.  The lawsuit claims that in
2016, after PAC declared bankruptcy, a memo surfaced that showed
PAC had deliberately falsified the profitability of the fourth
hospital, the report said.

                  About Progressive Acute Care

Progressive Acute Care, LLC, Progressive Acute Care Avoyelles,
LLC, Progressive Acute Care Oakdale, LLC, and Progressive Acute
Care Winn, LLC filed Chapter 11 petitions (Bankr. W.D. La. Case
Nos. 16-50740, 16-80584, 16-50742, and 16-50743, respectively) on
May 31, 2016.  The petitions were signed by Daniel Rissing, CEO.
The case is assigned to Judge Robert Summerhays.

The Debtors are represented by Barbara B. Parsons, Esq., Catherine
Noel Steffes, Esq., William E. Steffes, Esq., at Steffes,
Vingiello
& McKenzie, LLC.  The Debtors retained Solic Capital Advisors, LLC,
as their
Financial Advisor.  King, Reinsch, Prosser & Co., L.L.P., serves as
the Debtor's certified public accountants.

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

Henry Hobbs, Jr., acting U.S. Trustee for Region 5, on June 21,
2016, appointed three creditors to serve on the Committee.  The
Acting U.S. Trustee, on Dec. 20, has added two more members to the
Creditors' Committee.  Sills Cummis & Gross P.C. serves as the
Committee's legal counsel and Kean Miller LLP as co-counsel.


PURE FOODS: Hires Bradley Arant as Bankruptcy Co-Counsel
--------------------------------------------------------
Pure Foods, Inc. seeks authorization from the U.S. Bankruptcy Court
for the Eastern District of Tennessee to employ William L. Norton
III and the law firm of Bradley Arant Boult Cummings LLP as
co-counsel bankruptcy counsel.

The Debtor requires Bradley Arant to:

   (a) prepare pleadings and applications for filing and
       conduct examinations incidental to any related proceedings
       or to the administration of this case;

   (b) advise the Debtor of its rights, duties, and obligations as

       a debtor in possession operating under Chapter 11 of the
       Bankruptcy Code in this District;

   (c) take any and all other necessary actions incident to the
       proper preservation of the estate and administration of
       this Chapter 11 case;

   (d) advise and assist the Debtor in seeking approval of the
       sale of the Debtor's assets pursuant to 11 U.S.C.
       section 363; and

   (e) advise and assist the Debtor in the formation and
       confirmation of a plan pursuant to Chapter 11 of the
       Bankruptcy Code, the disclosure statement, and any and all
       matters related thereto.

The current rate for the services of William L. Norton, III, the
bankruptcy partner who will be the Debtors' main contact, is $570
per hour.

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

On or about January 30, 2017, Bradley Arant was paid a retainer in
the amount of $25,000 for post-petition services in these Chapter
11 cases.

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

Bradley Arant can be reached at:

       William L. Norton III, Esq.
       BRADLEY ARANT BOULT CUMMINGS
       1600 Division St., Suite 700
       Nashville, TN 37203
       Tel: (615) 252-2397
       E-mail: bnorton@bradley.com

                   About Pure Foods Inc.

Pure Foods, Inc., a company based in Atlanta, Georgia, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. E. D.
Tenn. Case No. 17-30236) on January 30, 2017.  The petition was
signed by John P. Frostad, CEO.  

The case is assigned to Judge Suzanne H. Bauknight.

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



QUEST RARE: Regulator Grants Management Cease-Trade Order
---------------------------------------------------------
Quest Rare Minerals Ltd. (QRM) is providing this bi-weekly default
status report in accordance with National Policy 12-203 Cease Trade
Orders for Continuous Disclosure Defaults.  On Jan. 31, 2017, Quest
announced by way of press release that Quest's management's
discussion and analysis for the fiscal year ended October 31, 2016
("MD&A") and annual information form for the fiscal year ended
October 31, 2016 ("AIF"), filed on SEDAR on January 24 and January
25, 2017, respectively, did not comply in certain respects with
National Instrument 51-102 Continuous Disclosure Obligations and
National Instrument 43-101 Standards of Disclosure for Mineral
Projects, particularly as they relate to the Corporation's Strange
Lake project, and that in order to rectify any deficiencies, Quest
intended to file an amended MD&A and amended AIF on SEDAR as well
as an updated independent technical report on the Strange Lake
project in early March 2017.

As a result, Quest's principal regulator, the Autorite des marches
financiers, granted a management cease-trade order ("MCTO") to
Quest.  The MCTO restricts all trading in securities of Quest,
whether direct or indirect, by Quest's directors and senior
officers until such time as amended MD&A and amended AIF are filed
by Quest.  The MCTO does not affect the ability of other Quest
shareholders to trade their securities.

There is no material change regarding the information contained in
Quest's press release of
January 31, 2017, except that Quest announced on February 10, 2017
that the Toronto Stock Exchange has granted conditional approval
for Quest's best-efforts private placement of special warrants to
"accredited investors" in Ontario, Alberta and British Columbia in
a maximum amount of $8 million and that Quest and Secutor Capital
Management Corporation, the agent for the private placement, have
agreed to waive the minimum of 25 million special warrants ($5
million), such that there is no minimum amount for the private
placement.  The closing of the private placement is expected to
take place on or about February 17, 2017, subject to customary
closing conditions and filing of standard documents with the
Toronto Stock Exchange.

Quest is working diligently to obtain an updated independent
technical report and to prepare an amended MD&A and amended AIF.
Investors are cautioned that they should not rely on the technical
information contained in the MD&A or AIF until such technical
information is validated and supported by an updated independent
technical report.

There is no failure by Quest in fulfilling its stated intentions
with respect to satisfying the provisions of the alternative
information guidelines, and there is no actual or anticipated
default subsequent to the default announced in Quest's press
release of January 31.  There is no other material information
concerning the affairs of Quest that has not been generally
disclosed.

                           About Quest

Quest is a Canadian-based company focused on becoming an integrated
producer of rare earth metal oxides and a significant participant
in the rare earth elements (REE) material supply chain.  Quest is
led by a management team with in-depth experience in chemical and
metallurgical processing.  Quest's objective is the establishment
of major hydrometallurgical and refining facilities in Becancour,
Quebec, to separate and produce strategically critical rare earth
metal oxides.  These industrial facilities will process mineral
concentrates extracted from Quest's Strange Lake mining properties
in northern Quebec and recycle lamp phosphors utilizing Quest's
efficient, eco-friendly "Selective Thermal Sulphation (STS)"1
process.


RACKSPACE HOSTING: Egan-Jones Withdraws BB Unsecured Debt Rating
----------------------------------------------------------------
Egan-Jones Ratings, on Jan. 23, 2017, withdrew the BB rating on
debt issued by Rackspace Hosting Inc.

Based in San Antonio, Texas, Rackspace is a multinational leader in
managed cloud services. The company has a global network and offers
broad IT solutions to its clients.



RAIN TREE: Hires John Edward Brown, CPA as Accountant
-----------------------------------------------------
Rain Tree Health Care of Wiston Salem, LLC seeks authorization from
the U.S. Bankruptcy Court for the North District of Carolina to
employ John Edward Brown, CPA as accountant.

The Debtor requires Brown to:

     a. prepare of annual corporate income tax returns

     b. general accounting needs of Debtor as they arise.

     c. prepare monthly bankruptcy reports.

The Debtor will compensate John Edward Brown, CPA at $150 per
hour.

John Edward Brown, CPA, 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.

John Edward Brown, CPA may be reached at:

      John Edward Brown, CPA
      209 Meadow Crest Drive
      West Columbia, SC 29172
      Tel: 803-755-3384

           About Rain Tree Health Care of Winston Salem

Rain Tree Health Care of Winston Salem, LLC, filed a chapter 11
petition (Bankr. W.D.N.C. Case No. 16-32071) on Dec. 30, 2016.  The
Debtor is represented by Robert Lewis, Jr., Esq., at Gordon & Melun
PLLC.

The Debtor is a limited liability corporation headquartered in
Charlotte, North Carolina and is engaged in the management and
operation of an adult care home for the mentally and physically
disabled in Winston Salem, North Carolina.


RESTAURANT BRANDS: S&P Affirms 'B+' CCR; Outlook Stable
-------------------------------------------------------
S&P Global Ratings said that it affirmed its 'B+' corporate credit
rating on Restaurant Brands International Inc. (RBI).  The outlook
is stable.  At the same time, S&P assigned a 'BB-' issue-level
rating to subsidiary 1011778 B.C. Unlimited Liability Co.'s US$4.46
billion term loan B and US$500 million revolving bank loan.  The
recovery rating is '2', reflecting S&P's expectation of substantial
(the low end of the 70%-90% range) recovery in the event of
default.

Restaurant Brands is proposing to issue a US$4.46 billion term loan
B due 2024 and a US$500 million revolving credit facility due 2022.
The proceeds from the transaction, along with $587 million cash,
will be used to pay down the existing term loan B due 2021 in
full.

S&P also raised its ratings on the company's US$1.25 billion senior
secured notes due 2022 to 'BB-' from 'B+'.  The recovery rating has
been revised to '2' from '3', given that it ranks pari passu with
the new term loan and benefits from the paydown of secured debt.

The 'B' issue-level and '6' recovery ratings on subsidiary 1011778
B.C.'s second-lien debt are unchanged.  The '6' recovery ratings on
the second-lien debt represent negligible (0%-10%) recovery in a
default scenario.

Finally, S&P is revising its liquidity modifier to strong from
adequate, reflecting the company's large cash balances and its low
capital intensity.

S&P views the proposed refinancing as a modest credit positive
event as a result of a modest reduction in debt and extended
maturities.  S&P expects stable operating performance, along with
slightly lower debt, to result in somewhat improved credit metrics,
including leverage in the 5x–5.5x range in fiscal 2017. Still,
S&P continues to expect the company to pursue potential future
acquisitions, possibly using additional debt.

The attractive positions of RBI's two banners, Burger King and Tim
Hortons, support S&P's view of the company's business risk profile,
considering each brand's good growth prospects and combined system
sales that rank RBI among the largest quick service restaurants
(QSRs) globally.  Burger King is a leading QSR operator in this
fragmented and competitive industry, and S&P expects the company to
sustain its good market position and expand its brand, mainly in
international markets.  Tim Hortons has a solid position in the
Canadian QSR industry, particularly in the coffee and breakfast
segments, accounting for 45% of the Canadian QSR segment and 87% of
the donut-coffee-tea category in 2015, according to NPD Group data.
It has a long history of same-store sales growth and a good track
record of restaurant expansion in its markets, namely Canada and
U.S. border states.  RBI plans aggressive international expansion
of Tim Hortons, as demonstrated by recent master franchise
agreements in the Philippines, Great Britain, and Mexico.
Moreover, S&P expects that franchise fees will generate a growing
percentage of Tim Hortons' revenues, likely reducing capital
intensity.

RBI has good geographic breadth.  It has a presence in more than
100 countries, with slow-growing North America and Europe
accounting for more than 75% of the restaurant count.  Good product
development in both brands has enabled solid same-store performance
and market share gains in the past few years, although comparable
sales growth has weakened in recent quarters.  However, S&P expects
continued revenue growth along with a growing restaurant count from
international joint-venture partnerships, while S&P believes cost
control from zero-based budgeting, particularly at Tim Hortons,
should support earnings growth. Neither Tim Hortons nor Burger King
operates a large number of restaurants, so S&P's base-case,
mid-single-digit revenue growth assumption should yield solid
EBITDA growth.

RBI's large debt load is supported by growing EBITDA and good free
cash conversion, as indicated by the cash-funded US$587 million
contribution to the February 2017 refinancing of its term loan. The
refinancing and good earnings growth have accelerated the decline
in adjusted debt leverage to below 6x on a pro forma basis in early
2017 from 7x at the end of 2015.  S&P's adjusted debt includes US$1
billion of capitalized operating leases and
US$3.3 billion of preferred equity as 100% debt, adding preferred
dividends to S&P's cash interest expense.  S&P expects the
company's credit measures to continue improving over the next year,
with debt-to-EBITDA declining toward 5x by the end of 2017, along
with steady free operating cash flow to debt of 8%-10%.

S&P considers the company to be financial sponsor owned, reflecting
the company's 46% ownership by 3G Capital and debt leverage that is
above 5x.  S&P expects that 3G will continue using substantial debt
for strategic acquisitions, reducing leverage somewhat after large
transactions along with earnings accretion and dividends for
shareholder returns.

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

   -- 2017 GDP growth of 2.4% in the U.S., 1.4% in the eurozone,
      and 6.4% in China;
   -- Mid-to-high single-digit revenue growth from low-single-
      digit same-store sales increases and restaurant count;
   -- A stronger U.S. dollar against most currencies, pressuring
      an estimated 60% of revenue by store count;
   -- Steady margins along with good cost control;
   -- Higher EBITDA from positive store performance, constrained
      by foreign exchange headwinds; and
   -- Low capital expenditures of 1% of revenue.

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

   -- Adjusted debt to EBITDA of 5x-5.5x in 2017, declining below
      5x in 2018 along with earnings growth and some debt
      amortization;
   -- Free operating cash flow (FOCF) to debt of 8%-10% through
      2018; and
   -- Discretionary cash flow (DCF) to debt of 4%-5% after
      accounting for dividends

The stable outlook reflects S&P's expectation that operating
performance will remain stable and credit measures should continue
improving with stronger earnings and solid free cash in the next
year.  Incorporating S&P's assumptions that both Burger King and
Tim Hortons will improve profits from restaurant growth and
moderate increases in same-store sales, S&P estimates RBI will
improve fully adjusted debt leverage to below 5x-5.5x in 2017, with
growing cash balances.

S&P could raise the rating if adjusted debt leverage dropped and
was sustained below 5x on a sustained basis, supported by the
company's financial policies and the financial-sponsor owner's
strategies and incentives.  Stronger earnings and good cash
conversion should enable the company to build cash ahead of the
first potential redemption of high-cost preferred equity in late
2017.

Although less likely, S&P could lower the rating if weaker earnings
contributed to EBITDA interest coverage approaching 2x, which S&P
believes could occur if RBI severely misses S&P's profit growth and
free cash flow assumptions for 2017 or 2018 because of weak
restaurant growth or negative same-store sales growth.  S&P could
also lower the rating if the company undertakes large debt-funded
acquisitions, which S&P views as key to the financial-sponsor
owner's strategy.



REVOLUTION ALUMINUM: Hires Steffes Vingiello as Counsel
-------------------------------------------------------
Revolution Aluminum Propco, LLC seeks authorization from the U.S.
Bankruptcy Court for the Western District of Louisiana to employ
Steffes, Vingiello & McKenzie, LLC as counsel.

The Debtor requires SVM to give the Debtor legal advice with
respect to the Debtor's powers and duties as debtor-in-possession
and to perform all legal services for the debtor-in-possession
which may be necessary herein.

SVM lawyers and professionals who will work on the Debtor's case
and their hourly rates are:

      William E. Steffes               $400
      Arthur A. Vingiello              $375
      Gary K. McKenzie                 $375
      Michael H. Piper                 $375
      Patrick S. Garrity               $375
      Noel Steffes Melancon            $300
      Barbara B. Parsons               $300
      Paralegal                        $90
      Law Clerks                       $90

SVM received a retainer from a non- debtor third party in the total
amount of $50,000.00 for post-petition services and expenses
expected to be incurred on behalf of the Debtor.

William E. Steffes, Esq., of Steffes, Vingiello & McKenzie, LLC,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtor and its estates.

SVM may be reached at:

       William E. Steffes, Esq.
       Steffes, Vingiello & McKenzie, LLC
       13702 Coursey Blvd, Bldg 3
       Baton Rouge, LA 70817-1370
       Tel: (225) 751-1751
       Fax: (225) 751-1998

           About Revolution Aluminum Propco

Ryan & Associates, Inc., Engineered Products, Inc., and Tina J.
Hertzel filed an involuntary Chapter 11 case (Bankr. W.D. La.,
Case
No. 16-81024) against Revolution Aluminum Propco, LLC, on
September 15, 2016.  The Petitioning Creditors are represented
by
Bradley L. Drell, Esq., at Gold, Weems, Bruser, Sues & Rundell, in
Alexandria, Louisiana.

The Petitioning Creditors have asked the Bankruptcy Court to enter
an order directing the appointment of a Chapter 11 Trustee for the
Debtor.  

The Court entered an Order for Relief officially placing the
company in bankruptcy on Feb. 1, 2017.


ROBERT MATTHEWS: Garcias Buying Las Vegas Property for $155K
------------------------------------------------------------
Robert B. Matthews asks the U.S. Bankruptcy Court for the District
of Nevada to authorize the sale of residential real property
located at 907 Bedford Road, Las Vegas, Nevada, APN #139-31-411152,
to Juan and Carla Garcia for $155,000.

A hearing on the Motion is set for March 22, 2017 at 10:00 a.m.

The Debtor was in the construction business.  Construction slowed
down and the Debtor fell behind in the payments of their residence.
The Bank then commenced foreclosure on the residence.  There is a
large amount of equity in the residence.  The wife held another
piece of property in the name of a trust.  It appears that the
trust is a revocable trust.  The property came from the wife's
inheritance.  It was the intent of the Debtor to sell the property
and to pay off the mortgage on the house.  The Bank would not wait
for the Debtor to sell the property so they could pay off the Bank.
The Debtor filed bankruptcy to stop the pending foreclosure.

The Debtor was proceeding with the sale of the property but now the
title company will not close on the property because the trust is a
revocable trust and it could be argued that it is property of the
estate.  The title company will not close on the property until
there is an order from the Court.  In a abundance of caution and at
the request of the title company, the Debtor is seeking approval of
the sale of the property form the Court.

The Debtor and the Buyers entered into Residential Purchaser
Agreement, dated May 20, 2016, which provides for the sale of the
property to the Buyers for $155,000.  There is no known mortgage
against the property.  The Debtor proposes to sell the property
free and clear of liens, claims, encumbrances and interests as set
forth to the Buyers on the terms and conditions provided in the
Agreement and the plan of reorganization.

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

       http://bankrupt.com/misc/Robert_Matthews_40_Sales.pdf

Once the property is sold, the Debtor will have sufficient funds to
pay the mortgage in full and to protect the interest in the
residence.  Any excess funds will be used to pay the remaining
creditors in the estate.  

The Debtor asks the Court to authorize him to pay from the escrow
funds the amount to be paid under the plan of reorganization.  The
Debtor also asks the Court that at the close of escrow of the sale
approved by an Order on the Motion, the Escrow Company be
authorized to pay from the sale proceeds the (i) broker's
commissions as outlined in the contracts; and (ii) all other
reasonable and customary escrow fees, recording fees, title
insurance premiums, and closing costs necessary and proper to
conclude the sale of the property.

The terms and conditions of the sale transaction as provided for in
the Agreement are fair and reasonable; entry into the Agreement on
behalf of the Estate is a sound exercise of the Trustee's
reasonable business judgment; and, the sale transaction
contemplated by the Agreement is in the best interests of
creditors, interest holders and the Estate.  Accordingly, the
Debtor asks the Court to approve the relief requested.

Counsel for the Debtor:

          David J. Winterton, Esq.
          DAVID J. WINTERTON & ASSOC., LTD.
          1140 N. Town Center Drive, Suite 120
          Las Vegas, NV 89144
          E-mail: david@davidwinterton.com

Robert B. Matthews sought Chapter 11 protection (Bankr. D. Nev.
Case No. 16-14164) on July 28, 2016.  The Debtor tapped David J.
Winterton, Esq., at David J. Winterton & Assoc., Ltd., as counsel.


RONALD GLEN WOODSON: Seeks Ch. 11 Trustee Appointment
-----------------------------------------------------
Debtors Ronald Glen Woodson, M.D., and Lori Christine Woodson and
creditor and party-in-interest City National Bank & Trust Company
jointly filed an agreed emergency motion asking the U.S. Bankruptcy
Court for the Western District of Oklahoma to direct the
appointment of a Chapter 11 Trustee for the Debtors.

Both the Debtors and the Creditor suggest Mr. Gould to be the
Chapter 11 Trustee. Mr. Gould was the Chapter 7 Trustee from the
early stages of the case. Based on the Motion, Mr. Gould
understands the context surrounding the case, and his appointment
as Chapter 11 Trustee will advance the interests of continuity and
efficiency.

Ronald Glen Woodson, M.D., and Lori Christine Woodson filed a
voluntary petition for relief under Chapter 7 of the Bankruptcy
Code on August 25, 2016 (Bankr. W.D. Okla., Case No. 16-13422).  A
Conversion Motion was granted and the Chapter 7 case was converted
to a case under Chapter 11 of the Bankruptcy Code.


S&S SCREW: Creditors' Panel Hires Bass Berry as Counsel
-------------------------------------------------------
The Official Committee of Unsecured Creditors of S&S Screw Machine
Company, LLC, seeks authorization from the U.S. Bankruptcy Court
for the Middle District of Tennessee to retain Bass, Berry & Sims
PLC as counsel for the Committee.

The Committee requires Bass, Berry to perform the legal services
that will be necessary during these Chapter 11 Cases.

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

     Paul G. Jennings               $425
     Gene L. Humphreys              $425
     Russell E. Stair               $425
     LeAnn Lewis, paralegal         $195

Bass, Berry will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Paul G. Jennings, Esq., member of the firm of Bass, Berry & Sims
PLC, assured the Court that the firm is a "disinterested person" as
the term is defined in Section 101(14) of the Bankruptcy Code and
does not represent any interest adverse to the Debtors and their
estates.

Bass, Berry can be reached at:

     Paul G. Jennings, Esq.
     Bass, Berry & Sims PLC
     150 Third Avenue South, Suite 2800
     Nashville, TN 37201
     Phone: (615)742-0207
     E-mail: pjennings@bassberry.com

               About S&S Screw Machine Company

S&S Screw Machine Company, LLC, doing business as S&S - Precision,
filed a chapter 11 petition (Bankr. M.D. Tenn. Case No. 16-06829)
on Sept. 24, 2016.  The petition was signed by Lawrence J. Battle,
authorized member.  The Debtor is represented by Phillip G. Young,
Jr., Esq., at Thompson Burton PLLC.  The case is assigned to Judge
Randal S. Mashburn.  The Debtor estimated assets and liabilities at
$1 million to $10 million at the time of the filing.

The Office of the U.S. Trustee appointed three creditors to serve
on the Official Committee of Unsecured Creditors: Kenny Wine, of
Joseph T. Ryerson & Son; Del Miller, of Kaiser Aluminum Fabricated
Products; and Stephen L. Cochran, of Production Pattern & Foundry
Co.


SAMSON RESOURCES: Court Confirms Chapter 11 Plan
------------------------------------------------
The Hon. Christopher S. Sontchi of the U.S. Bankruptcy Court for
the District of Delaware entered on Feb. 13, 2017, an order
confirming Samson Resources Corporation, et al.'s plan of
reorganization.

As reported by the Troubled Company Reporter on Jan. 20, 2017, Jeff
Montgomery, writing for Bankruptcy Law360, reported that the Court
approved a $60 million backstop plan for a stock offering described
as key to the Debtors' compromise Chapter 11 reorganization, paving
the way to creditor voting and a plan confirmation hearing.  Under
the Plan, second-lien lenders provided assurance that all the $60
million in new stock would be purchased.

The TCR reported that under the Global Settlement Plan, General
Unsecured Claims -- estimated at $2,423,818,350 -- are expected to
recover 7.0% to 7.5%.  This recovery range does not include
recoveries associated with the Settlement Trust Causes of Action.

                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.


SL GRAY: Hires Porter Law as Attorney
-------------------------------------
SL Grey Enterprises, LLC seeks authorization from the U.S.
Bankruptcy Court for the Northern District of Illinois to employ
Porter Law Network as attorneys.

The Debtor requires Porter Law to:

     a. give the Debtor legal advice with respect to its powers and
duties as debtor-in-possession in the continued management of its
assets;

     b. prepare such applications, motions, complaints, orders,
reports, pleadings, plans, disclosure statements or other papers on
the Debtor's behalf that may be necessary in connection with this
case;

     c. take action as may be necessary with respect to claims that
may be asserted against the Debtor; and

     d. perform any other legal services for the Debtor that may be
required in connection with this case.

Porter Law will be paid at these hourly rates:

     Karen J. Porter                $400
     Associated Attorneys           $300
     Legal Assistants               $175

Prior to the commencement of the case the Porter Law Network
received a retainer in the amount of $3,217.00 from the Debtor.

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

Karen J. Porter, Esq., at Porter Law Network, 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.

Porter Law may be reached at:

     Karen J. Porter, Esq.
     Porter Law Network
     230 West Monroe, Suite 240
     Chicago, IL 60606
     Phone: (312)372-4400
     Fax: (312)372-4160

                  About SL Grey Enterprises, LLC

SL Grey Enterprises, LLC filed a Chapter 11 bankruptcy petition
(Bankr. N.D.Ill. Case No. 16-39388) on December 14, 2016. Karen J.
Porter, Esq., at Porter Law Network serves as bankruptcy counsel.

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


SOLID ROCK: Unsecureds to Be Paid From Liquidation Proceeds
-----------------------------------------------------------
Solid Rock Holdings, LLC, filed with the U.S. Bankruptcy Court for
the Eastern District of Arkansas a disclosure statement dated Feb.
13, 2017, referring to the Debtor's plan of reorganization.

Allowed Class VII Unsecured Claims will be paid pro rata to the
extent funds are available from the liquidation of the Debtor's
property.  To the extent secured creditors are not paid in full,
the deficiency will be a claim in Class VII.  This class is
impaired.

No payments will be made to Class VIII Subordinated Unsecured
Claims unless Arkansas Capital Corporation and Bank of the Ozarks
are paid in full.  Janice R. McElroy, Robert Glenn McElroy and
Scott A. McElroy are guarantors of claims of ACC and BO.  This
class is impaired.

The Plan is a liquidating plan.  The Debtor is confident it will be
able to make all payments and otherwise discharge its obligations
under its proposed Chapter 11 Plan pending liquidation of assets.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/areb16-16828-36.pdf

                     About Solid Rock Holdings

Solid Rock Holdings, LLC, is a limited liability company organized
under the laws of the State of Arkansas.  The Debtor is a holding
company which rents its assets to an affiliated company which is in
the business of fabricating and installing counters and floors from
granite, tile and other materials.  The Debtor owns real estate
located at 18525 I-30 South, Benton, Arkansas 72015 consisting of
2.62 acres, more or less, with improvements consisting of 7,233
square foot detached office and showroom building with warehouse
and 10,409 square foot detached manufacturing building with office
and warehouse.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. E. D.
Ark. Case No. 16-16828) on Dec. 27, 2016.  The petition was signed
by Scott A. McElroy, managing member.  The case is assigned to
Judge Richard D. Taylor.

Charles Darwin Davidson, Esq., at Davidson Law Firm serves as the
Debtor's legal counsel.

At the time of the filing, the Debtor disclosed $4.08 million in
assets and $2.61 million in liabilities.


SPANISH BROADCASTING: Egan-Jones Lowers Unsec. Ratings to CCC-
--------------------------------------------------------------
Egan-Jones Ratings, on Jan. 25, 2017, lowered the senior unsecured
ratings on debt issued by Spanish Broadcasting System Inc to CCC-
from CCC+.  EJR also lowered the commercial paper rating on the
Company to D from C.

Spanish Broadcasting System, Inc. operates as a Spanish-language
media and entertainment company in the United States.



STEMTECH INTERNATIONAL: Hires GlassRatner as Financial Advisors
---------------------------------------------------------------
Stemtech International, Inc., seeks authorization from the U.S.
Bankruptcy Court for the Southern District of Florida to employ
GlassRatner Advisory & Capital Group, LLC as financial advisors.

The Debtor requires GlassRatner to:

      a. review and validate, or if requested, assist with the
development of the Debtor's business plan, cash flow projections,
restructuring programs, and other reports and analyses prepared by
the Debtor or its professionals in order to advise the Debtor on
the viability of the continuing operations and the reasonableness
of projections and underlying assumptions;

      b. advise and assist in the planning, development of and
analysis of any restructuring plan and cash flow budgets to be
presented to the Debtor's creditors;

      c. review, evaluate and analyze proposed transactions for
which the Debtor may seek approval of the Court, including, but not
limited to, debtor in possession financing, use of cash collateral,
cash management, assumption and rejection of leases and other
contracts, asset sales, management compensation and/or retention
and severance plans;

      d. assist the Debtor in preparing schedules and statement of
financial affairs;

      e. assist the Debtor in preparing monthly operating reports
and other reports for filing with the Court;

      f. review and analyze the development, evaluation and
documentation of any plan of reorganization or strategic
transactions, including development, structuring and negotiating
the terms and conditions of potential plan or strategic
transaction(s) and the consideration to be provided to the Debtor's
estate;

      g. render testimony in connection with the foregoing as may
be required;

      h. coordinate operations of the Debtor with its management
and counsel and assist management with monitoring and reporting to
the Court and parties in interest; and

      i. render such other advice and services as the Debtor may
require.

GlassRatner will be paid at these hourly rates:

      Thomas J. Santoro            $425
      Partners                     $425
      Directors                    $275
      Associates                   $195

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

Thomas J. Santoro, principal in the firm of GlassRatner Advisory &
Capital Group, LLC, assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtor and its estates.

GlassRatner may be reached at:

      Thomas J. Santoro
      GlassRatner Advisory & Capital Group, LLC
      200 East Broward Boulevard, Suite 1010
      Fort Lauderale, FL 33301
      Tel: (954) 859-5066
      Fax: (954) 859-6068
      E-mail: tsantoro@glassratner.com

               About Stemtech International, Inc.

Stemtech International, Inc.filed a Chapter 11 bankruptcy petition
(Bankr. S.D.Fla. Case No. 17-11380) on February 2, 2017.  The Hon.
Raymond B. Ray presides over the case.  SEESE, PA 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 Ray C.
Carter. chief executive officer.


STO ROX SCHOOL: Moody's Gives Initial Ba3 Rating to 2017 GO Bonds
-----------------------------------------------------------------
Issue: General Obligation Bonds, Series of 2017; Rating: Ba3;
Rating Type: Underlying LT; Sale Amount: $8,500,000; Expected Sale
Date: 03/07/2017; Rating Description: General Obligation Limited
Tax;

Issue: General Obligation Bonds, Series of 2017; Rating: A2; Rating
Type: Enhanced LT; Sale Amount: $8,500,000; Expected Sale Date:
03/07/2017; Rating Description: General Obligation Limited Tax;

Summary Rating Rationale

Moody's Investors Service has assigned an initial Ba3 underlying
rating with negative outlook and an A2 enhanced rating with stable
outlook to Sto Rox School District, PA's $8.5 million General
Obligation Bonds, Series of 2017.

The Ba3 underlying rating reflects the deteriorating fund balance
and liquidity position resulting from four years of deficits. The
district has struggled to maintain structural balance in light of
declining revenues and increasing costs for charter school tuition,
pension, and special education. The rating also incorporates the
limited tax base with weak income levels, high debt burden, and
manageable pension and OPEB liabilities.

The A2 pre-default enhanced rating reflects Moody's current
assessment of the direct pay structure, which provides for the
pre-default intercept of state aid through a direct payment to the
paying agent.

Rating Outlook

The negative outlook reflects the challenges the district faces to
achieving structural balance and replenishment of reserves to
adequate levels. Charter school tuition, special education,
transportation and pension costs are expected to continue to be
budget drivers, and it is unclear how the district will
structurally balance future budgets. In addition, the district has
enacted a spending freeze mid-way through fiscal 2017 due to
transportation and charter tuition being over budget.

The stable outlook on the enhanced rating mirrors the outlook on
the Commonwealth of Pennsylvania (Aa3 stable).

Factors that Could Lead to an Upgrade (Remove the Negative
Outlook)

Maintenance of structurally balanced operations

Material improvement in cash and fund balance

Stabilization of charter school tuition and pension costs

Factors that Could Lead to a Downgrade

Further declines in fund balance or liquidity

Continued declines in the tax base or wealth levels

Material increase in the debt burden

Legal Security

The bonds are general obligations of the district. The majority of
the bonds are secured by the district's unlimited tax pledge as
they refund a series of debt exempt from Act 1 limitations.
However, a small portion (less than $1 million) is subject to Act
1.

Use of Proceeds

The bonds will currently refund a portion of the outstanding
General Obligation Bonds, Refunding Series B of 2011 (dated
September 15, 2011) for estimated net present value savings of
$130,000, equal to 1.6% of refunded principal (net of state
reimbursement). The refunding is structured for upfront savings to
be taken in fiscal 2018 in the form of debt service reduction.
There is no extension of final maturity.

Obligor Profile

The K-12 school district, which encompasses an area of
approximately 3 square miles, is located in Allegheny County and is
comprised of Stowe Township and the Borough of McKees Rocks. The
district is six miles northwest of the City of Pittsburgh (A1
stable). The district operates two elementary schools, one middle
school, and one high school.

Methodology

The principal methodology used in the underlying rating was US
Local Government General Obligation Debt published in December
2016. The principal methodology used in the enhanced rating was
State Aid Intercept Programs and Financings: Pre and Post Default
published in July 2013.



T&C GYMNASTICS: Aerial Gym to Recover Nothing Under Amended Plan
----------------------------------------------------------------
T&C Gymnastics, LLC, filed with the U.S. Bankruptcy for the
Northern District of Illinois an amended small business disclosure
statement describing its amended plan of reorganization, dated Feb.
10, 2017.

Class 5 under the plan is the unsecured claim of Aerial Gym Stars
Enterprises, Inc.  The Debtor owes Aerial Gym the amount of
$29,481.85 pursuant to the terms of a promissory note and asset
purchase agreement executed on or around March 13, 2015.  Pursuant
to the terms of the asset purchase agreement, Debtor assumed most
liabilities of Aerial Gym.  Accordingly, Debtor will continue to
pay the assumed liabilities of Aerial Gym Stars Enterprises, Inc.,
which are set forth in Classes 1 and 3 but will make no further
payments to Aerial Gym under the Plan. This class is impaired.

The initial plan originally proposed to pay Aerial Gym the amount
of $491.35 per month for a period of 60 months with no interest
beginning on the effective date for a total distribution of 100% of
the allowed claim.

Class 7 is the unsecured non-priority claim of 880 South Rohlwing
Road, LLC. According to its proof of claim, 880 South Rohlwing
Road, LLC, is owed approximately $337,683 based on a judgment
entered against Aerial Gym and subsequent citation to discover
assets. Rohlwing does not have a judgment against the Debtor and
the Debtor disputes the alleged claim. The Debtor has filed a
Motion to estimate the claim filed by Rohwling. In the event that
the court estimates the claim to be $0, Debtor will make no
payments to Rohlwing. In the event that the court estimates the
claim to be an amount above $0, Debtor will pay Rohlwing a total of
up to $55,431 consisting of monthly payments of $924 for a period
of 60 months. In the event that the claim is estimated to be more
than $0 but less than $55,431, Debtor will pay the full amount of
the claim over a period of 60 months. Class 7 is unimpaired if the
court estimates the claim at $0 and is impaired if the court
estimates the claim to be above $0.

Payments and distributions under the Plan will be funded by the
continuing Operations of the Debtor.

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

         http://bankrupt.com/misc/ilnb16-14993-94.pdf

T&C Gymnastics, LLC, sought chapter 11 protection (Bankr. N.D.
Ill.
Case No. 16-14993) on May 2, 2016, and is represented by Joshua D.
Greene, Esq., at Springer Brown LLC.  At the time of the filing,
the Debtor estimated its assets and debts at less than $1
million. 
The Debtor provides gymnastics instruction and lessons to children
of all ages.


TASEKO MINES: Moody's Hikes Corporate Family Rating to B3
---------------------------------------------------------
Moody's Investors Service upgraded Taseko Mines Limited's corporate
family rating (CFR) to B3 from Caa1, probability of default rating
(PDR) to B3-PD from Caa1-PD, and senior unsecured notes to Caa1
from Caa2. The company's speculative grade liquidity rating was
affirmed at SGL-3. At the same time the ratings outlook was changed
to stable from negative.

"Taseko's ratings have been upgraded because adjusted leverage will
drop to about 3x and the company will generate modest positive free
cash flow over the next 12 to 18 months," said Jamie Koutsoukis,
Moody's Vice-President, Senior Analyst.

Issuer: Taseko Mines Limited

Upgrades:

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

-- Corporate Family Rating, Upgraded to B3 from Caa1

-- Senior Unsecured Regular Bond/Debenture, Upgraded to Caa1 (LGD
4) from Caa2 (LGD 4)

Affirmations:

-- Speculative Grade Liquidity Rating, Affirmed SGL-3

Outlook Actions:

Issuer: Taseko Mines Limited

-- Outlook, Changed To Stable From Negative

RATING RATIONALE

Taseko's B3 corporate family rating is driven by the company's
concentration of cash flows from one metal (copper) at a single
mine (Gibraltar), and adequate liquidity. Using Moody's price
sensitivity of US$2.30/lb for copper, leverage will improve to
around 3x in 2017 because expected better grades at Gibraltar will
result in higher production and increased cash flow generation.
However with all the company's production from one mine, and its
exposure to volatile copper prices, Taseko could see potential
material reductions in cash flows should there be operational
problems, or a fall in copper prices.

Taseko's liquidity is adequate over the next year (SGL-3). Taseko
had C$64 million in cash at September 30th, 2016, but its $70
million revolver is fully drawn. Moody's expects the company will
produce slightly negative free cash flow in 2017 using Moody's
price sensitivities. The company has no debt maturities until 2019:
its revolving credit facility is due March 2019, and its US$200
million senior unsecured notes are due April 2019. The company is
expected to maintain covenant headroom (minimum $20 million of
working capital, as defined; $29 million actual as of Sept16).
Alternative liquidity from asset sales could be possible from its
ownership of the Aley Niobium Project, Florence Copper Project, and
New Prosperity Gold-Copper Project.

Taseko's stable rating outlook reflects Moody's expectation that
the company will generate slightly negative free cash flow in 2017,
but positive free cash flow in 2018, and maintain leverage around
3x, because of better copper grades at Gibraltar and strengthened
copper prices.

Taseko's CFR could be upgraded if the company is able to generate
sustained positive free cash flow, while maintaining adjusted
debt/EBITDA below 3.0x (negative as of Q3/16).

The ratings could be downgraded if it becomes more likely that
Taseko will not be able to refinance its debt prior to the 2019
maturity, the company experiences operating challenges at
Gibraltar, or if liquidity weakens.

Headquartered in Vancouver, Canada, Taseko Mines Limited operates
Gibraltar, an open-pit copper and molybdenum mine located in
British Columbia, Canada, producing about 130 million pounds/year.
Gibraltar is an unincorporated joint venture, 75% owned by Taseko
and 25% owned by Cariboo Copper Corp. (a Japanese consortium).

The principal methodology used in these ratings was Global Mining
Industry published in August 2014.



TRANSCARE CORP: Paid $2.79 Million to Patriarch Partners
--------------------------------------------------------
Peg Brickley and Tom Corrigan, writing for The Wall Street Journal
Pro Bankruptcy, reported that court papers show that Lynn Tilton's
Patriarch Partners took nearly $3 million out of ailing ambulance
operator TransCare Corp. in the year before it collapsed into
bankruptcy, leaving 1,700 workers suddenly jobless and many
unpaid.

According to the report, bankruptcy-court reports don't say why
TransCare paid Patriarch $2.785 million.  A former TransCare chief
financial officer, who asked to remain anonymous because he said he
fears a retaliatory lawsuit, said during his tenure as CFO, he was
required to pay loan interest and management fees to Patriarch
ahead of vendors, payroll, taxes and health insurance premiums, the
report related.

TransCare was one of a number of Patriarch-managed companies caught
up in a wave of abrupt closures in 2016, a year that saw Ms. Tilton
go to trial on civil fraud charges filed by the Securities and
Exchange Commission, the report further related.

The money trail showing $2.785 million went to Patriarch was pieced
together by professionals Mr. LaMonica hired, who worked with the
papers TransCare left behind after it closed, the report said.

The Troubled Company Reporter, on March 8, 2016, reported that
Patriarch Partners LLC's TransCare Corp. which filed a Chapter 7
petition on Feb. 24, shutting down operations in New York,
Pennsylvania and Maryland, is facing a suit, seeking class action
status, filed by laid off workers.


TRANSMAR COMMODITY: ABN Amro OK'd to Subpoena More Units
--------------------------------------------------------
The American Bankruptcy Institute, citing Marcy Nicholson of
Reuters, reported that a court filing showed that ABN Amro Capital
USA LLC has been granted authority to issue subpoenas to the U.S.
and Ecuadorian units of cocoa trading house Transmar Group Ltd., as
the bank searches for more than $300 million in assets.

According to the report, citing the court document, the bank has
widened its search on behalf of the company's lenders for assets
that they say disappeared from Transmar Commodity Group Ltd., a
U.S. unit of Transmar Group, before it filed for bankruptcy in
December.  The lenders say the assets could have helped cover
Transmar's debt, the report related.

The report, further citing the court document, said ABN, a unit of
ABN Amro Group NV and agent for lenders to Transmar Commodity
Group, was authorized to issue subpoenas to several companies,
including Transmar Commodity Group, Transmar Holdings LLC, Transmar
Ecuador S.A. and several directors, for documents and examination
of witnesses.

ABN Amro was already authorized to issue subpoenas to ITC Cocoa
House, Ltd, Itochu Corporation and Euromar Commodities GmbH, a Jan.
31 court document showed, the report added.

                About Transmar Commodity Group Ltd.

Transmar Commodity Group Ltd. filed a Chapter 11 petition (Bankr.
S.D.N.Y. Case No. 16-13625), on December 31, 2016.  The Petition
was signed by was signed by Peter G. Johnson, chairman, president
and chief executive officer.  At the time of filing, the Debtor
had
estimated both assets and liabilities ranging between $100 million
to $500 million each.

The Debtor is represented by Joseph L. Schwartz, Esq., Tara J.
Schellhorn, Esq. and Rachel F. Gillen, Esq., at Riker Danzig
Scherer Hyland & Perretti LLP.  The Debtor has engaged Tracy L.
Klestadt, Esq., Joseph C. Corneau, Esq., and Christopher J.
Reilly,
Esq., at Klestadt Winters Jureller Southard & Stevens, LLP as
local
counsel; and GORG as German special counsel.

The Debtor has hired DeLoitte Transactions and Business Analytics
LLP as its restructuring advisor; and Donlin, Recano & Company,
Inc. as its claims & noticing agent.

The Office of the U.S. Trustee on Jan. 18 appointed three
creditors
of Transmar Commodity Group Ltd. to serve on the official
committee
of unsecured creditors.


TRANSPORT EXPRESS: Unsecureds to Get 50% Plus Interest for 10 Years
-------------------------------------------------------------------
Transport Express, LLC, filed with the U.S. Bankruptcy Court for
the District of Colorado a disclosure statement referring to the
Debtor's plan of reorganization.

Class 3 Unsecured Claims are impaired by the Plan.  The holders
will be paid 50% of their pro rata share of net profit plus
interest for ten years commencing on the first anniversary of the
Effective Date and continuing annually thereafter for nine
additional annual payments unless paid in full earlier.  Interest
will accrue at the Federal Judgment Interest Rate commencing as of
the date of the Plan Confirmation Court Order.  The pro rata amount
will be calculated by combining Class 2 and Class 3 claims.
Payments to the members of Class 3 will be in full and final
satisfaction of the allowed unsecured claims of the Class 3
creditors.

The Debtor estimates that allowed unsecured claims in Class 3 total
approximately $100,911.  Allowed unsecured claims include:
unsecured claims listed by the Debtor on its bankruptcy schedules
and proofs of claim filed by the Debtor's creditors.

The Debtor estimates that its Plan will pay 100% of each allowed
unsecured claim plus interest over the ten-year period proposed in
the Plan.  Payment of these claims will be in full and final
satisfaction of Class 3 unsecured claims.

The Debtor estimates that the effective date of its Plan will be
April 24, 2017.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/cob16-14166-123.pdf

The Plan was filed by the Debtor's counsel:

     Jeffrey A. Weinman, Esq.
     WEINMAN & ASSOCIATES, P.C.
     730 17th Street, Suite 240
     Denver, CO 80202-3506
     Tel: (303) 572-1010
     Fax: (303) 572-1011
     E-mail: jweinman@weinmanpc.com

                     About Transport Express

Transport Express, LLC, operates a trucking business.  The Debtor
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
D. Colo. Case No. 16-14166) on April 28, 2016.  The petition was
signed by Russell T. Strobridge, manager.

The case is assigned to Judge Elizabeth E. Brown.

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

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


TRIANGLE USA: Court Extends Plan Filing Deadline to March 16
------------------------------------------------------------
Judge Mary F. Walrath of the U.S. Bankruptcy Court for the District
of Delaware extended the exclusive periods during which Triangle
USA Petroleum Corporation and certain of its affiliates may file
and solicit acceptances of a chapter 11 plan, or  through and
including March 16, 2017 and May 15, 2017, respectively.

The Troubled Company Reporter had earlier reported that the Debtors
sought to extend their Exclusivity Periods out of an abundance of
caution. The Debtors told the Court that they had already filed
their Plan and were beginning the process of soliciting votes on
the Plan in accordance with the the Disclosure Statement Order
entered on January 13, 2017.

The Debtors contended that the requested exclusivity extension will
provide them and their advisors with the opportunity to continue to
solicit votes and pursue confirmation of the Plan in an orderly
fashion. The Debtors will also require additional time to negotiate
and document their exit financing commitments, post-emergence
corporate governance arrangements, and various other matters.

In addition, the Debtors told the Court that the extension will
also preclude the costly disruption and instability that would
occur if competing plans were proposed, before the Debtors have a
meaningful opportunity to work with their key constituencies to put
forth an amended proposal.

              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.

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.

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.

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.

Gibson, Dunn & Crutcher LLP and Young Conaway Stargatt & Taylor,
LLP, on Jan. 24, 2017, disclosed that (i) they now represent
Franklin Advisers, Inc., as investment manager on behalf of certain
funds and accounts, and Canyon Capital Advisors LLC, on behalf of
its participating funds and accounts, in these Chapter 11 Cases and
(ii) they no longer represent Southeastern Asset Management, Inc.


TX C C INC: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: TX. C. C., Inc.
        5055 W. Park Blvd., Suite 500
        Plano, TX 75093-2587

Case No.: 17-40297

Chapter 11 Petition Date: February 13, 2017

Court: United States Bankruptcy Court
       Eastern District of Texas (Sherman)

Judge: Hon. Brenda T. Rhoades

Debtor's Counsel: John P. Henry, Esq.
                  THE LAW OFFICES OF JOHN HENRY, P.C.
                  407 W. Liberty Ave.
                  Round Rock, TX 78664
                  Tel: 512-981-7301
                  Fax: 888-909-9312
                  E-mail: jhenry@jhenrylaw.com
                          general@jhenrylaw.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Timothy Dungan, president.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/txeb17-40297.pdf


ULTRA PETROLEUM: Disciplined Growth Reports 9% Equity Stake
-----------------------------------------------------------
Disciplined Growth Investors, Inc. disclosed in a regulatory filing
with the Securities and Exchange Commission that it may be deemed
to beneficially own 13,952,754 shares or roughly 9% of the common
stock of Ultra Petroleum Corp as of Dec. 31, 2016.

Disciplined Growth Investors may be reached at:

     Frederick K. Martin
     President & Chief Investment Officer
     Disciplined Growth Investors
     150 South Fifth Street, Suite 2550
     Minneapolis, MN 55402

                       About Ultra
Petroleum

Houston, Texas-based Ultra Petroleum Corp. (OTC Pink Marketplace:
"UPLMQ") is an independent oil and gas company engaged in the
development, production, operation, exploration and acquisition of
oil and natural gas properties.

On April 29, 2016, Ultra Petroleum Corp. and seven subsidiary
companies filed petitions (Bankr. S.D. Tex.) seeking relief under
Chapter 11 of the United States Bankruptcy Code.  The Debtors'
cases have been assigned to Judge Marvin Isgur.  These cases are
being jointly administered for procedural purposes, with all
pleadings filed in these cases will be maintained on the case
docket for Ultra Petroleum Corp. Case No. 16-32202.

Ultra Petroleum disclosed total assets of $1.28 billion and total
liabilities of $3.91 billion as of March 31, 2016.

James H.M. Sprayregen, P.C., David R. Seligman, P.C., Michael B.
Slade, Esq., Christopher T. Greco, Esq., and Gregory F. Pesce,
Esq., at Kirkland & Ellis LLP; and Patricia B. Tomasco, Esq.,
Matthew D. Cavenaugh, Esq., and Jennifer F. Wertz, Esq., at
Jackson Walker, L.L.P., serve as co-counsel to the Debtors.
Rothschild Inc. serves as the Debtors' investment banker; Petrie
Partners serves as their investment banker; and Epiq Bankruptcy
Solutions, LLC, serves as claims and noticing agent.

The Office of the U.S. Trustee has appointed seven creditors of
Ultra Petroleum Corp. to serve on an Official Committee of
Unsecured Creditors.  The Committee tapped Weil, Gotshal &
Manges
LLP as its legal counsel; Opportune LLP as advisor; and PJT
Partners LP as its financial advisor.


ULTRA PETROLEUM: Scoggin Entities Report 5.6% Equity Stake
----------------------------------------------------------
A. Dev Chodry, Craig Effron and Curtis Schenker -- Co-Chief
Investment Officers for Scoggin Management LP -- disclosed in a
regulatory filing with the Securities and Exchange Commission that
they may be deemed to beneficially own 8,627,261 shares or roughly
5.6% of the common stock of Ultra Petroleum Corp. as of Dec. 31,
2016.

Mr. Chodry is the Chief Investment Officer for Distressed Credit
Strategies for Scoggin.  Messrs. Effron and Schenker are the
Co-Chief Investment Officer for Event Driven Strategies for
Scoggin.

Scoggin Management LP is the investment manager of Scoggin Capital
Management II LLC and Scoggin International Fund, Ltd.  Scoggin GP
LLC is the general partner of Scoggin Management LP.  

Scoggin may be reached at:

     A. Dev Chodry
     Craig Effron
     Curtis Schenker
     Scoggin Capital Management II LLC
     660 Madison Avenue
     New York, NY 10065

                       About Ultra
Petroleum

Houston, Texas-based Ultra Petroleum Corp. (OTC Pink Marketplace:
"UPLMQ") is an independent oil and gas company engaged in the
development, production, operation, exploration and acquisition of
oil and natural gas properties.

On April 29, 2016, Ultra Petroleum Corp. and seven subsidiary
companies filed petitions (Bankr. S.D. Tex.) seeking relief under
Chapter 11 of the United States Bankruptcy Code.  The Debtors'
cases have been assigned to Judge Marvin Isgur.  These cases are
being jointly administered for procedural purposes, with all
pleadings filed in these cases will be maintained on the case
docket for Ultra Petroleum Corp. Case No. 16-32202.

Ultra Petroleum disclosed total assets of $1.28 billion and total
liabilities of $3.91 billion as of March 31, 2016.

James H.M. Sprayregen, P.C., David R. Seligman, P.C., Michael B.
Slade, Esq., Christopher T. Greco, Esq., and Gregory F. Pesce,
Esq., at Kirkland & Ellis LLP; and Patricia B. Tomasco, Esq.,
Matthew D. Cavenaugh, Esq., and Jennifer F. Wertz, Esq., at
Jackson Walker, L.L.P., serve as co-counsel to the Debtors.
Rothschild Inc. serves as the Debtors' investment banker; Petrie
Partners serves as their investment banker; and Epiq Bankruptcy
Solutions, LLC, serves as claims and noticing agent.

The Office of the U.S. Trustee has appointed seven creditors of
Ultra Petroleum Corp. to serve on an Official Committee of
Unsecured Creditors.  The Committee tapped Weil, Gotshal &
Manges
LLP as its legal counsel; Opportune LLP as advisor; and PJT
Partners LP as its financial advisor.


URBAN DISCOVERY: S&P Lowers Rating on 2014A/B Revenue Bonds to BB-
------------------------------------------------------------------
S&P Global Ratings lowered its rating to 'BB-' from 'BB' on the
California Municipal Finance Authority's series 2014A and taxable
series 2014B charter school revenue bonds, issued on behalf of
Fourteenth Street Holdings LLC for the Urban Discovery Academy
(UDA) project.  The outlook is stable.

"We lowered the rating based on our view of UDA's unexpectedly
weakened financial profile, with the school's first year of deficit
operations in fiscal 2016, moderating liquidity position, and weak
lease-adjusted maximum annual debt service (MADS) coverage below
1x," said S&P Global Ratings credit analyst Avani Parikh.

"In addition, as of fall 2016, UDA expanded to a high school
program and is looking to secure additional leased space, which
could present continued operational pressure and near-term
transition risk," she added.  In S&P's view, UDA has greater
flexibility at the 'BB-' rating level to navigate this expansion,
while stabilizing financial performance to levels which better
absorb the school's current debt obligations.

UDA is a grade K-9 public charter school, with 485 students
enrolled for the 2016-2017 school year.

The series 2014 bond proceeds were used to finance the acquisition
and renovation of a new school facility for UDA in San Diego's east
village.  The bonds are general obligations of UDA and are secured
by a gross revenue pledge of UDA's unrestricted revenues, a
mortgage lien, a debt service reserve fund funded at MADS, a repair
and replacement fund, and insurance coverage on the new facility.
The rating is based on our view of the security provided by UDA.

As of June 30, 2016, UDA had $11.6 million in long-term debt
outstanding, consisting of $10.4 million series 2014 and $925,000
series 2015 bonds, and $200,000 in capital leases.

"The stable outlook reflects our expectation that over the one-year
outlook period, UDA will continue to grow enrollment, while meeting
budgeted expectations, with at least steady MADS coverage and
liquidity," added Ms. Parikh. We expect the school to remain in
compliance in bond covenants.



VANGUARD HEALTHCARE: PCO Continues to Get Complaints
----------------------------------------------------
Laura E. Brown, Esq., the Patient Care Ombudsman for Vanguard
Healthcare, LLC, has filed a report on February 1, 2017 before the
U.S. Bankruptcy Court for the Middle District of Tennessee
regarding the Debtor's 14 facilities.

The PCO reported that during the visit in Aurora Health and
Rehabilitation, the Ombudsman representative was made aware of
seven complaints. Five of the complaints related to food taste and
temperature and two complaints were about call lights that were not
answered in a timely manner. The PCO added that during the January
27, 2017 visit, the Ombudsman representative did note strong odors
of urine in several resident rooms. The Ombudsman representative is
working with the residents and the facility to resolve all of the
complaints identified on the January visit.

Moreover, the PCO noted that the Ombudsman representative was not
made aware of any
complaints on either visit at (a) Ashland Healthcare and
Rehabilitation; (b) Rest Haven Health and Rehabilitation; (c)
Vicksburg Convalescent Center; (d) Shady Lawn Health and
Rehabilitation; (e) Whitehall Boca Raton; (f) Glen Oaks Health and
Rehabilitation; and (g) The Palace Healthcare and Rehabilitation.
No decline in the quality of resident care was noticed on either
visit of each of the facility.

According to the report, the Ombudsman representative received two
complaints from the Eldercare Health and Rehabilitation facility.
The PCO noted that the representative began investigating the
complaints and one complaint has been resolved and one complaint
needed no action.

Meanwhile, the Ombudsman representative continues to work closely
with the residents and the facility administration to correct
issues noted on earlier visits at Boulevard Terrace Rehabilitation
and Nursing Home. The PCO reported that some of the issues
identified in previous visits have been completely corrected while
the other issues are still lingering.

In Church Hill Care and Rehab facility, the only complaint brought
to the attention was the Ombudsman representative involved an
involuntary discharge notice. The representative is working with
the resident and the facility to resolve the complaint. The
representative did not record any decline in the quality of
resident care on any of the visits.

Lastly, the Ombudsman representatives frequently visit with the
residents of Crestview Health and Rehabilitation, Vanguard of
Manchester (Manchester Health Care Center), and Vanguard of Memphis
(Poplar Point Health and Rehabilitation) to ensure that the
residents are receiving quality care and to quickly address any
complaints that may arise as the facility transitions to new
ownership.

                              About Vanguard Healthcare

Vanguard is a long-term care provider headquartered in Brentwood,
Tennessee, providing rehabilitation and skilled nursing services at
14 facilities in four states (Florida, Mississippi, Tennessee and
West Virginia).

Vanguard Healthcare, LLC and 17 of its subsidiaries each filed a
Chapter 11 bankruptcy petition (Bankr. M.D Tenn. Lead Case No.
16-03296) on May 6, 2016. The petitions were signed by William D.
Orand, the CEO. The cases are assigned to Judge Randal S.
Mashburn.

Vanguard estimated assets in the range of $100 million to $500
million and liabilities of up to $100 million.

The Debtors have hired Bradley Arant Boult Cummings LLP as counsel
and BMC Group as noticing agent.

The U.S. Trustee for Region appointed seven creditors of Vanguard
Healthcare, LLC, to serve on the official committee of unsecured
creditors. The committee members are Kindred Nursing Centers East,
L.L.C., Medline Industries, Inc., Healthcare Services Group, Inc.,
Kirk F. Hebert, Signature Healthcare, LLC, et al., Express Courier,
and Rezult Group, Inc.


VINCENT MORELLA: Vincent Buying Shreveport Property for $100K
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California
will convene a hearing on March 8, 2017, at 11:00 a.m. to consider
Vincent Morella's proposal to sell 100% interest in the real
property containing a vacant single family residence located at
3905 Richmond Ave, Shreveport, Louisiana, with a legal description
of Lots 3 & 4 & 1/2, ABDN, ADJ, Alley, Fairmont Heights and located
in the Parish of Caddo ("SFR"), to Jacinda Angela Vincent ("JAV")
for $100,000, subject to overbid.

Objections, if any, must be filed at least 14 calendar days before
the hearing on the Motion.  Any reply to such an objection will be
filed at least 7 calendar days before the Sale Hearing.

The liens or encumbrances exist against the property to be sold are
(i) Business First Bank (purported judgment lien secured
creditor-owed approximately $ 2,000,000); and (ii) real property
taxes for the year 2015 and current year taxes (amount owed
approximately $3,000).

Each purported creditor has either agreed to the sale; its claims
are in dispute; will be paid from the proceeds of sale; and/or can
be compelled to accept a money judgment.

The property has a value of approximately $100,000.  Over the past
12 months, the SFR has been marketed and the Debtor has received
offers in the amounts of between $100,000 and $125,000.  Past sales
have fallen out of escrow for one reason or another.  

The material terms of the Residential Agreement to Buy or Sell
are:

   a. The purchase price offered by JAV for the SFR is $100,000
cash, minus commissions and customary closing costs.

   b. The sale is "as is, where is," without representation or
warranty, and free and clear of any claim, lien, or interest.

   c. JAV assumes no liabilities of the Debtor against the SFR.

   d. The closing date is to be on March 24, 2017.

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

          http://bankrupt.com/misc/Vincent_Morella_143_Sales.pdf

The Motion has been served on all creditors and parties in
interest, the Office of the United States Trustee, parties having
requested special notice.  Those parties and anyone having an
interest in purchasing the SFR will have the ability to take a
position and potentially bid on the SFR on such terms that the
Court believes appropriate at the time of hearing.

Post sale, the proceeds, after payment of all customary and
appropriate expenses including but not limited to the expense of
professionals retained for the purposes of selling the property as
well as the real property taxes, will be placed in a non-interest
bearing trust account with such proceeds being subject to further
order of the Court.

The terms of the agreement and purchase price are fair and
reasonable, and the sale of the assets facilitates the
reorganization efforts of the Debtor and is therefore in the best
interest of the Debtor's Estate.  Accordingly, the Debtor asks the
Court to authorize sale of the SFR to JAV as provided, and to grant
to it such other and further relief as is just.

The Purchaser can be reached at:

          Jacinda Angela Vincent
          910 South Perkins Ferry Rd.
          Lake Charles, LA 70611
          Telephone (Home): (337) 540-7937
          Telephone (Work): (337) 478-1578
          E-mail: jacindavin@yahoo.com

Counsel for the Debtor:

          Paul M. Brent, Esq.
          STEINBERG NUTTER & BRENT
          LAW CORP.
          23801 Calabasas Road, #2031
          Calabasas, CA 91302
          Telephone: (818) 876-8535
          Facsimile: (818) 876-8536
          E-mail: snb300@aol.com

Vincent Morella sought Chapter 11 protection (Bankr. C.D. Cal. Case
No. 16-18410) on June 23, 2016.  The Debtor tapped Paul M Brent,
Esq., at Steinberg Nutter & Brent Law Corp. as counsel.


VISTA OUTDOOR: S&P Affirms 'BB+' CCR & Revises Outlook to Negative
------------------------------------------------------------------
S&P Global Ratings said that it affirmed its 'BB+' corporate credit
rating on Farmington, Utah-based Vista Outdoor Inc.  S&P revised
the outlook to negative from stable.

S&P also affirmed its 'BBB-' issue-level rating on the company's
$640 million term loan A and $400 million revolver due in 2021. The
recovery ratings remain '1', indicating S&P's expectation for very
high (90%-100%) recovery in the event of a payment default.  S&P
also affirmed its 'BB+' issue-level rating on the company's $350
million senior unsecured notes due 2023.  The '3' recovery rating
indicates S&P's expectation of meaningful (high end of the 50%-70%
range) recovery in the event of a payment default.

As of the quarter ended Jan. 1, 2017, S&P estimates that the
company had $1.2 billion in adjusted debt outstanding.

The outlook revision to negative reflects S&P's expectation that
operating performance will be weaker during the next 12 months,
resulting in debt leverage maintained above 3x, FOCF to decline by
over 80%, and covenant cushion below 15%.  The company
underperformed its guidance for the third fiscal quarter ended Jan.
1, 2017, primarily because of a 15% drop in organic sales in its
outdoor products segment, largely due to increased promotional
activity in a weak retail environment.  Because of the weak
performance and expectations for continued reduced cash flows, the
company incurred a $449 million pretax, noncash impairment charge
related to the Hunting and Shooting Accessories division.  Debt
leverage is above S&P's benchmark of 3x for the ratings, even after
making pro forma adjustments for acquisitions, and the company's
cash flow was substantially below S&P's expectations. Given the
company's tempered outlook and our revised downward model, S&P
could lower the ratings if the company is unable to sell through
its inventory to improve cash flow and ratios remain on the weak
end of S&P's forecast, especially leverage maintained in the mid-3x
area during the next 12 months.

S&P expected the company's revenues to be at least $2.7 billion and
FOCF to be at least $130 million.  S&P now forecasts revenues will
be about $2.5 billion and FOCF (after capital expenditures) will be
about $25 million-$40 million.  Poor demand has resulted in an
inventory overhang that will result in promotional activity that
leads to weaker cash flow for the fiscal year ending March 31,
2017.  Additionally, the company's covenant cushion dipped to just
below 15% during the quarter because of its lower EBITDA and
elevated debt levels.  S&P expected the company to pay down its
revolver by fiscal year-end, but given its lower cash flow
expectations, S&P believes the company will maintain a balance on
its revolver by year-end.  As of Jan. 1, 2017, the company had $190
million drawn.

Assuming no further substantial deterioration in operating
performance and that the company will halt sizable acquisitions and
share repurchases in the near term, S&P believes the company can
restore debt leverage below 3x and support the ratings.  Other
assumptions supporting S&P's forecast include:

   -- Revenues of about $2.5 billion in 2017 that should grow by
      at least low–single-digit percentages in 2018.  This is
      underpinned by S&P's expectation of at least low-single-
      digit percentage GDP growth in 2017 and 2018.  EBITDA margin

      of at least 15% for 2017 and 2018.

   -- FOCF of least $25 million after capital expenditures (capex)

      of about $90 million in 2017 and S&P expects levels to
      improve in 2018.  Share repurchases likely to be lower than
      in prior years as the board has yet to authorize another
      share repurchase, and cash flow is likely to be used toward
      repayment of revolver borrowings.

   -- No dividends. No sizable acquisitions.

Based on these assumptions, S&P forecasts these credit measures:

   -- Debt to EBITDA of about 3x in fiscal 2017 and just below
      that in 2018.

   -- Funds from operations (FFO) to debt between 21% and 24% in
      fiscals 2017 and 2018.

S&P's ratings also reflect that Vista incorporates a leading
position in the U.S. ammunition market, smaller scale, continuing
expansion into the outdoor sporting goods industry, and a role as a
consolidator within a highly fragmented market.  S&P also factors
in the company's narrow geographic focus, exposure to regulatory
risk associated with guns and ammunition, and participation in a
highly competitive and fragmented industry.  S&P also believes the
company is susceptible to reduced discretionary spending during
economic downturns.

Vista is the result of the spin-off of Alliant Techsystem's
sporting group business, which produced sporting rifles and
shotguns, shooting accessories, and ammunition.  Since the
spin-off, Vista has pursued an acquisitive expansion strategy aimed
at diversifying the business into the broader outdoor sporting
recreation market.  The company has made four sizable acquisitions
during the past 18 months, including Jimmy Styks (paddleboards and
accessories), CamelBak (hydration), BRG Sports' Action Sports
division (biking and snow sport accessories, and most recently Camp
Chef (outdoor cooking), which it acquired to increase its presence
in the camping goods market.  These acquisitions have helped the
company further diversify its brand portfolio and have solidified
the company's position as the leading consolidator in the outdoor
sporting industry.  The recent acquisitions complement Vista's
market-leading position in ammunition, where it commands a 40%
market share, outpacing legacy category leaders Winchester
Ammunition and Remington Arms.  Vista's products are sold through
mass, specialty, and independent retailers. Top customers include
Wal-Mart Stores Inc., Cabela's, Gander Mountain, Bass Pro Shops,
Dick's Sporting Goods, Sportsman's Warehouse, and Recreational
Equipment Inc., with no customer accounting for more than 15% of
sales, which mitigates customer concentration risk.

"We view the company's expansion strategy as favorable because it
helps to diversify beyond guns and ammunition, which carry
regulatory and headline risk.  Yet, we also recognize the outdoor
sporting industry as a whole is a niche market that can be
cyclical.  The industry relies heavily on consumer sentiment and
levels of discretionary income as customers can delay upgrading
their equipment during weak economic conditions.  The outdoor
sporting goods industry is highly fragmented, and despite its role
as the consolidator within the industry, Vista accounts for
slightly less than 5% of the overall $63 billion industry.
Additionally, the company has a narrow geographic footprint with
almost all sales coming from the U.S. market," S&P said.

S&P believes Vista will have adequate liquidity during the next 12
months.  S&P's view of the company's liquidity profile incorporates
S&P's estimate that liquidity sources will exceed uses by more than
1.2x.  S&P expects net sources would be positive even with a 15%
drop in EBITDA.  The company's ratio of sources to uses is greater
than 1.5x and would indicate a stronger liquidity assessment, but
S&P do not believe that the company passes S&P's qualitative tests
for a strong assessment.  These include the likely ability to
absorb high-impact, lower-probability events without refinancing
and a high standing in the credit markets.  In addition, S&P
estimates the company has less than 15% on its most restrictive
leverage covenant.

Principal liquidity sources:

   -- Cash of $40.8 million at Jan. 1, 2017;
   -- Cash FFO of at least $245 million; and
   -- Available of roughly $184 million under its $400 million
      revolver maturing April 1, 2021, reflecting $190 million of
      borrowings and $26 million of letters of credit outstanding.


Principal liquidity uses:

   -- Capex of about $90 million in 2017 to reflect planned
      ammunition capacity expansion;
   -- Annual term loan amortization of about $32 million on the
      term loan A;
   -- Seasonal working capital use of no more than $150 million;
      and
   -- Through the first nine months of fiscal 2017, the company
      has repurchased about $127 million worth of shares.

Covenants

Vista is subject to a maximum leverage ratio of 3.5x and minimum
interest coverage ratio of 3x under its term loan and revolving
credit agreement.  There are no stepdowns or stepups.  As of the
quarter ended Jan. 1, 2017, S&P estimates the company's covenant
cushion fell below 15% on its leverage ratio test.  S&P expects the
company to restore cushion above 15% during the next 12 months as
it improves cash flow and pays down its revolver borrowings.  In
the event the cushion further deteriorates, there could be downward
pressure on the ratings.  The company maintained ample cushion on
its interest coverage ratio.

"The negative outlook reflects our belief that we could lower the
ratings during the next 12 months if operating performance
continues to deteriorate as a result of a weak retail environment,
consumer demand, or increased competition, resulting in an
inability for the company to maintain debt leverage at 3x or below,
restore cash flows closer to historical levels, and improve
covenant cushion to at least 15%.  We could also lower the ratings
if the company makes another large, debt-financed acquisition or
share repurchases before deleveraging and restoring cash flows,
demonstrating a more aggressive financial policy and willingness to
operate at higher leverage levels," S&P said.

S&P could consider revising the outlook to stable if the company
improves operating performance, resulting in leverage remaining
near 3x or below and restoring FOCF to historical levels.  S&P
believes this could be achieved if it curtails share repurchases,
halts making large acquisitions, and maintains EBITDA margin of at
least 15%.



WCI COMMUNITIES: S&P Raises CCR to 'BB' on Acquisition by Lennar
----------------------------------------------------------------
S&P Global Ratings said it raised its corporate credit and
issue-level ratings on WCI Communities to 'BB' from 'B' after the
company was acquired by Lennar Corp. and removed the ratings from
CreditWatch, where S&P placed them with positive implications on
Sept. 22, 2016.  S&P revised the recovery rating on the senior
unsecured debt to '3' from '2', reflecting its expectation of
meaningful (50%-70%, higher half of the range) recovery in the
event of default.

Lennar Corp. has announced the completion of its acquisition of WCI
Communities Inc. for approximately $643 million in an all-cash
transaction.

S&P subsequently withdrew the corporate credit rating following the
closing of the transaction.  Since Lennar assumed WCI's outstanding
debt, the issue-level ratings will remain in place.



WENATCHEE, WA: Moody's Confirms Ba1 Rating on 2007 LTGO Bonds
-------------------------------------------------------------
Moody's Investors Service has confirmed the Ba1 rating on the City
of Wenatchee, Washington's Limited Tax General Obligation Bonds,
2007. The Ba1 rating is two notches below Moody's internal
assessment of the City of Wenatchee's hypothetical general
obligation unlimited tax rating. The distinction reflects Moody's
views of the lingering risk associated with the city's willingness
to pay a limited tax general obligation, as evidenced by the 2012
default on a contingent loan agreement. The rating outlook is
stable.

This action concludes a review undertaken in conjunction with the
publication on December 16, 2016 of the US Local Government General
Obligation Debt Methodology.

Rating Outlook

The stable outlook reflects Moody's expectations that rating will
be maintained at the current level until the Moody's views the city
has demonstrated its commitment to the prioritization of the city's
limited tax general obligation pledge.

Factors that Could Lead to an Upgrade

Demonstrated commitment to the prioritization of the city's
limited tax general obligation pledge

Sustained self-sufficiency of public facilities district (PFD)

Factors that Could Lead to a Downgrade

Deterioration of/increased subsidy of PFD or city enterprise
activities

Weakened liquidity and reserves

Prolonged downturn in economy

Legal Security

The limited tax general obligation bonds are secured by the city's
full faith, credit, and resources and pledge to levy taxes annually
within the constitutional and statutory tax limitation provided by
law without a vote of the people.

Methodology

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


WEST LANE PROPERTIES: De Santis to Get $4,054 Monthly Over 5 Years
------------------------------------------------------------------
West Lane Properties, Inc., filed with the U.S. Bankruptcy Court
for the Eastern District of California an amended disclosure
statement describing its plan of reorganization.

Class 1 under the amended plan consists of the secured claim of Pat
De Santis.  De Santis, a Married Man, as his sole and separate
property, will receive monthly payments of $4,054.65 over five
years commencing with the date of confirmation of the Plan. This
sum is amortizing the principal over 30 years at 6%. The arrears if
any will be added to the principal without interest. This claim
will be paid in full within five years of the effective date of
confirmation of Plan. The ordinary contract amount is $5,880.58.

Class 2 consists of the secured claim of Linda Banks. Banks will
receive monthly payments of $1,362.14 over five years, commencing
with the date of confirmation of the Plan. This sum is amortizing
the principal over 30 years at 6%. The arrears if any will be added
to the principal without interest. This claim will be paid in full
within five years of the effective date of confirmation of Plan.
The ordinary contract amount is $2,280.45.

Class 3 consists of the secured claim of Shabbir A. Khan.  Khan
will receive monthly payments of $1,205.38 over five years in a
period not to exceed five years from the petition date.  This
payment includes statutory interest, currently 18%.

Payments and distributions under the Plan will be funded by the
ongoing rental income received by the Debtor.

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

          http://bankrupt.com/misc/caeb16-25217-59.pdf

                 About West Lane Properties

West Lane Properties Inc. filed a Chapter 11 petition (Bankr. E.D.
Cal. Case No. 16-25217), on August 9, 2016.  The petition was
signed by Hoc C. Ma, president.  The case is assigned to Judge
Michael S. McManus.  The Debtor's counsel is Mark J. Hannon,
Esq.
At the time of filing, the Debtor disclosed $1 million in assets
and $818,172 in liabilities.


WET SEAL: Proposes Auction of Wetseal.com and Other IP Assets
-------------------------------------------------------------
The Wet Seal, LLC, and its affiliated debtors asked the U.S.
Bankruptcy Court for the District of Delaware to authorize the sale
of certain intellectual property free and clear of liens, claims,
encumbrances, and other interests through an auction.

The motion is available at:

          http://bankrupt.com/misc/deb17-10229-97.pdf

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.


As reported by the Troubled Company Reporter on Feb. 13, 2017, the
Debtors retained Hilco Streambank to market and sell the
intellectual property assets.  

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 ecommerce 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 ecommerce platform include licensing fees, maintenance of
third party warehouse space and employment of web development and
IT personnel to administer the website.  Absent revenue to support
that infrastructure, the Debtors estimate that they will be forced
to terminate their e-commerce operations in early March 2017.

To maximize the value of the Debtors' intellectual property, the
Debtors seek to sell the intellectual property while the e-commerce
site remains operational.  Because many of the Debtors' customers
engage with the Wet Seal brand through its digital channels, the
Debtors believe that maintaining links between the Wet Seal brand
and its affiliates and customers during the marketing period will
help the Debtors maximize the value of their brands and related
assets.  By contrast, 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.  Due to the potential loss of value
if the sale is not consummated as quickly as possible, the interim
court order authorizing postpetition use of cash collateral
specifically provides that the failure to receive bids on the
intellectual property by Feb. 28, 2017, will be an event of
default.

Bids for the intellectual property assets must be submitted by Feb.
28, 2017, at 5:00 p.m. (ET).  Offers must: (i) enclose a proposed
purchase agreement that specifically identifies the intellectual
property proposed to be purchased, which may be all or a portion of
the intellectual property, and the proposed consideration, and a
blackline against the form purchase agreement; (ii) confirm that
the offer will remain open and irrevocable until the closing of a
sale to the successful bidder or the next highest bidder; (iii) be
accompanied by a certified or bank check or wire transfer in an
amount equal to 10% of the purchase price identified in the
purchase agreement as a minimum good faith deposit, which minimum
deposit will be used to fund a portion of the purchase price
provided for in the bid; (iv) not be conditioned on obtaining
financing or the outcome of any due diligence by the bidder; (v)
not request or entitle the bidder to any break-up fee, expense
reimbursement, or similar type of payment; and (vi) fully disclose
the identity of each entity that will be bidding for the
intellectual property or otherwise participating in connection with
the bid, and the complete terms of any such participation.

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 the Debtors' counsel, Young Conaway Stargatt &
Taylor, LLP, Rodney Square, 1000 North King Street, Wilmington,
Delaware 19801, on March 2, 2017, at 10:00 a.m. (prevailing Eastern
Time), or at a later time and place as the Debtors may provide so
long as such change is communicated reasonably in advance by the
Debtors to all bidders, and other invitees.

A hearing on the approval of the sale will be held on March 3,
2017, at 2:00 p.m. (ET).

                       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.


WHICKER ASSET: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

     Debtor                                       Case No.
     ------                                       --------
     Whicker Asset Management, LLC                17-30584
        dba GTM Plastics
     2405 S. Shiloh Road
     Garland, TX 75041

     Whicker Real Estate Holdings, LLC            17-30585
     2405 S. Shiloh Road
     Garland, TX 75041

Chapter 11 Petition Date: February 15, 2017

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

Judge: Hon. Barbara J. Houser (17-30584)
       Hon. Stacey G. Jernigan (17-30585)

Debtors' Counsel: Melanie Pearce Goolsby, Esq.
                  PRONSKE GOOLSBY & KATHMAN, P.C.
                  901 Main Street, Suite 610
                  Dallas, TX 75202
                  Tel: 214-658-6500
                  Fax: 214-658-6509
                  E-mail: mgoolsby@pgkpc.com

                     - and -

                  Jason Patrick Kathman, Esq.
                  PRONSKE GOOLSBY & KATHMAN, P.C.
                  901 Main Street, Suite 610
                  Dallas, TX 75202
                  Tel: (214) 658-6500
                  Fax: (214) 658-6509
                  E-mail: jkathman@pgkpc.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Richard C. Whicker, president.

The Debtors did not include a list of their largest unsecured
creditors when they filed the petitions.

Full-text copies of the petitions are available for free at:

           http://bankrupt.com/misc/txnb17-30584.pdf
           http://bankrupt.com/misc/txnb17-30585.pdf


XTERA COMMUNICATIONS: H.I.G. Capital Acquires Assets of Business
----------------------------------------------------------------
H.I.G. Capital, a global private equity investment firm with over
EUR20 billion of equity capital under management, on Feb. 15, 2017,
disclosed that it has acquired substantially all the assets of
Xtera Communications, Inc., a provider of innovative and bespoke
sub-sea fiber optic solutions. H.I.G. previously provided
debtor-in-possession financing to the Xtera debtors in connection
with the chapter 11 case.

Established in 1998 and based in the UK (Harold Wood, Essex) and
the US (Allen, Texas), Xtera supplies un-repeatered and repeatered
sub-sea systems, using high performance optical amplifiers to carry
data.  Under H.I.G.'s ownership, Xtera's management and technical
team will remain at the helm of the business, focused on
successfully executing key existing customer contracts and
expanding the business in the rapidly growing markets it serves
with a clear roadmap of disruptive product launches.

Carl Harring, Managing Director at H.I.G. Capital commented: "We
believe Xtera has considerable growth potential as an independent,
well-funded business with a new ownership structure.  Its world
class IP protected technology is not only differentiated and
superior to that of its competitors, but it is delivered to an
impressive range of global clients at a cost-effective price point.
We are excited to be working with this industry-leading team and
our immediate focus will be to work with them to deliver and build
on existing contracts and over the long-term, provide the financial
support to enable the company to fully capitalise on its technology
with a broader base of customers."

Stuart Barnes, Founder of Xtera, added: "We are delighted to
announce our new partnership with H.I.G. Capital, which has
previously invested in the fiber-optics sector and has a proven
understanding of how to grow specialist industrial suppliers into
market-leading players.  We share the same vision of strengthening
Xtera's footprint in the future."

This investment follows H.I.G.'s recent successful sale of
Fibercore, a UK-baseddesigner and manufacturer of specialty optical
fiber.  Under H.I.G.'s ownership Fibercore grew from a niche
producer into a world leading provider of optical fiber to a range
of high tech industries.  H.I.G. acquired Fibercore from Cisco, in
a carve-out transaction back in 2011.

                  About Xtera Communications

Xtera Communications and seven affiliated debtors filed for Chapter
11 protection (Bankr. D. Del. Lead Case No. 16-12577) on Nov. 15,
2016.  The company sells telecommunications-related optical
transport solutions.  The company disclosed $50.47 million in
assets and $66.45 million in total debt as of the bankruptcy
filing.

Xtera tapped DLA Piper LLP as legal counsel; Cowen & Company as
investment banker; and Epiq Systems Inc. as claims agent.

On Nov. 23, 2016, the Office of the U.S. Trustee appointed five
creditors to serve on the official committee of unsecured
creditors.  Lawyers at Bayard P.A., and Lowenstein Sandler LLP
serve as counsel to the committee while BDO USA, LLP (BDO) serves
as its financial advisor.

HIG Neptune, the postpetition lender, is represented by Allen &
Overy LLP; and  Morris, Nichols, Arsht & Tunnell LLP.  Counsel to
Wilmington Trust, N.A., the DIP Agent, is Kaye Scholer LLP.
Counsel to the prepetition senior lender are Levy, Small & Lallas
and Chipman Brown Cicero & Cole, LLP.  Counsel to Horizon
Technology Finance Corp., the prepetition subordinated lender, is
K&L Gates LLP.


[*] D. Farrington Yates Joins Kobre & Kim's Insolvency Practice
---------------------------------------------------------------
Global disputes and investigations firm Kobre & Kim bolsters its
international insolvency capabilities with the addition of
bankruptcy lawyer D. Farrington Yates in New York.  Mr. Yates was
co-chair of the U.S. restructuring, insolvency and bankruptcy
practice at Dentons.

Mr. Yates joins the firm's Bankruptcy & Debtor-Creditor Disputes
team, bringing his extensive knowledge of cross-border, corporate
insolvency actions.  His practice focuses on guiding non-U.S.
clients through high-value U.S. Chapter 11 proceedings and
representing non-U.S. insolvencies in pursuing recoveries in the
U.S. through Chapter 15 proceedings.

Co-founder Michael Kim noted that Mr. Yates will reinforce the
firm's strength in multijurisdictional insolvency disputes: "One of
our firm's core strengths is handling matters relating to fraud and
asset recovery.  Many of these matters involve international
insolvency issues, and Farrington's addition is a key part of our
strategy to expand our team working in this complex area."

The firm's Bankruptcy & Debtor-Creditor Disputes group currently
serves as special litigation counsel and international asset
recovery counsel in insolvencies originating from various
jurisdictions, including Brazil, Cayman Islands, Hong Kong,
Delaware, New York and Spain.  The team's representations include
clawback actions, priority contests, intercreditor disputes, and
investigating and recovering assets of insolvent entities, often in
simultaneous legal proceedings in multiple countries.

"I have built my practice as an adviser to entities worldwide
involved in complex and contested cross-border insolvency
proceedings," Mr. Yates said.  "I am excited to join a unique firm
that offers integrated investigation and insolvency disputes
capabilities in key jurisdictions throughout the world."

                        About Kobre & Kim

Kobre & Kim -- http://www.kobrekim.com-- is a conflict-free global
law firm focused exclusively on disputes and investigations.  The
ability to litigate against virtually anyone or any financial
institution ideally positions Kobre & Kim to aggressively pursue
insolvency disputes through litigation.  The firm also acts as
special litigation counsel with other law firms to help them
enhance their existing client relationships.

The firm leverages the skill and experience of English solicitors
and barristers (including three English Queen's Counsel), Hong Kong
solicitors, offshore lawyers and U.S. trial lawyers (including more
than a dozen former U.S. Department of Justice and U.S. Securities
and Exchange Commission lawyers) in an integrated advocacy team.
The firm litigates and arbitrates in the world's leading
jurisdictions for complex insolvency, financial and commercial
disputes, as well as in matters relating to government enforcement,
regulatory investigations, judgment enforcement and intellectual
property litigation.


[*] Former SEC Chair Mary Jo White Returns to Debevoise
-------------------------------------------------------
Debevoise & Plimpton LLP on February 15, 2017, announced that Mary
Jo White, who served from April 2013 to January 2017 as Chair of
the United States Securities and Exchange Commission, will return
to legal practice at Debevoise and serve as Senior Chair of the
firm. She was Chair of Debevoise's Litigation Department from 2002
to 2013, prior to which she served as the United States Attorney
for the Southern District of New York for nearly nine years.

Ms. White's practice will focus on counseling boards of directors
and representing clients on significant and sensitive matters,
including companies facing crises involving multi-faceted
government investigations and cases. Her arrival follows the
announcement that Andrew J. Ceresney will also rejoin Debevoise
after serving under Ms. White as the Director of the Division of
Enforcement at the SEC.

"I am delighted to return once again to Debevoise," Ms. White said.
"The firm has the preeminent white collar practice and many of the
finest lawyers and colleagues with whom I have ever worked. I am
eager to begin this next chapter of my career and assist clients
with their most critical matters."

"Simply put, Mary Jo is a giant in the legal profession," said
Michael W. Blair, Debevoise's Presiding Partner. "Few, if any,
other lawyers have garnered the respect and admiration that Mary Jo
has throughout her distinguished career. Mary Jo's leadership and
accomplishments are truly extraordinary, and her experience and
judgment will be a tremendous asset to our clients and the firm."

"Having served both as Chair of the SEC and as the U.S. Attorney
for the Southern District of New York, Mary Jo brings an unmatched
range of knowledge and experience and a uniquely informed
perspective to our clients on their most challenging and complex
matters," said Bruce E. Yannett, Deputy Presiding Partner and Chair
of the White Collar & Regulatory Defense Group. "Her return to the
firm also further strengthens Debevoise's market-leading white
collar and regulatory defense practice, which Mary Jo played a
vital role in helping to build."

Ms. White, who was nominated by President Obama to lead the SEC,
was one of the Commission's longest-serving Chairs. Under Ms.
White’s leadership, the Commission strengthened protections for
investors and the markets through transformative rulemakings that
addressed major issues raised by the financial crisis, and created
the framework for the future regulation of the asset management
industry, enhancement of equity market structure and disclosure
effectiveness. The Commission also instituted changes to
enforcement that resulted in greater accountability and record
levels of actions and monetary remedies ordered.

Ms. White's groundbreaking career has included being the only woman
to serve as the U.S. Attorney for the Southern District of New York
in the more than 200-year history of that office. Ms. White also
served as the Chair of Attorney General Janet Reno's Advisory
Committee of United States Attorneys. Prior to becoming the U.S.
Attorney in the Southern District of New York, Ms. White served as
the First Assistant U.S. Attorney and Acting U.S. Attorney in the
Eastern District of New York from 1990 to 1993.

According to Chambers Global 2016, Debevoise stands in a class of
its own in the white collar space as the only firm in Band 1 in the
"Corporate Investigations -- Global-wide" category. Debevoise's
White Collar & Regulatory Defense Group has a roster of clients
that comprises many of the world's leading companies. In addition
to Ms. White and Mr. Ceresney, Debevoise has several other
prominent former SEC, DOJ and other officials, including two former
co-chiefs of the Asset Management Unit of the Division of
Enforcement, a former Associate Director of the Division of
Enforcement and the former Associate Director of the Division of
Investment Management. In addition, Debevoise is the only law firm
with two former Attorneys General: Lord Goldsmith QC, the former
Attorney General of the UK who serves as the firm's Co-Managing
Partner in London and Chair of European and Asian Litigation; and
Judge Michael B. Mukasey, former U.S. Attorney General and
currently of counsel at the firm. In all, the group includes 17
former Assistant U.S. Attorneys or Department of Justice attorneys;
the former Acting Assistant Attorney General for the DOJ Criminal
Division and the former Deputy Assistant Attorney General for
National Security; and a former leading federal district court
judge, the Honorable John Gleeson.

Ms. White is a Fellow in the American College of Trial Lawyers and
the International College of Trial Lawyers. She is the recipient of
numerous awards and is regularly ranked as a leading lawyer by
directories that evaluate law firms. In addition, Ms. White has
served as Director of The NASDAQ Stock Exchange, and on its
Executive, Audit and Policy Committees. She is also a member of the
Council on Foreign Relations.

From 1983 to 1990, Ms. White was a litigation partner at Debevoise.
From 1978 to 1981, she served as an Assistant U.S. Attorney in the
Southern District of New York, where she became Chief Appellate
Attorney of the Criminal Division. Ms. White graduated from William
& Mary, Phi Beta Kappa with a B.A. in Psychology, The New School
for Social Research with an M.A. in Psychology and Columbia Law
School with a J.D., where she was an officer of the Law Review.

Ms. White can be reached at:

     Mary Jo White, Esq.
     DEBEVOISE & PLIMPTON LLP
     919 Third Avenue
     New York, NY 10022
     Tel: +1 212 909 6529

                About Debevoise & Plimpton LLP

Debevoise & Plimpton LLP is a premier law firm with market-leading
practices, a global perspective and strong New York roots. We
deliver effective solutions to our clients’ most important legal
challenges, applying clear commercial judgment and a distinctively
collaborative approach.


[*] Michelle Harner Selected as U.S. Bankruptcy Judge in Maryland
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Maryland is pleased
to announce that the United States Court of Appeals for the Fourth
Circuit has selected Professor Michelle M. Harner, of Baltimore,
Maryland, to fill a vacancy for United States Bankruptcy Judge in
the District of Maryland. The vacancy is created by the upcoming
retirement announced by Judge James F. Schneider, who on February
1, 2017 celebrated having served 35 years on the bench.

According to Baltimore Patch, Judge Harner was a Francis King Carey
Professor of Law and director of Maryland Carey Law's Business Law
Program.

The Patch related that Professor Harner's work on legal issues
associated with corporate governance and financially distressed
entities has been widely recognized by both scholars and
practitioners.  She is an elected fellow of the American College of
Bankruptcy and a member of the American Law Institute, and served
as the Robert M. Zinman American Bankruptcy Institute (ABI)
Resident Scholar in 2015.  She also served as reporter to the ABI's
Commission to Study the Reform of Chapter 11 and is currently
associate reporter to the Advisory Committee on the Federal Rules
of Bankruptcy Procedure, the Patch said.  She received the M&A
Advisor Turnaround Leadership Award in 2016 and the ABI Annual
Service Award in 2015, the report added.

Her scholarship, published in more than two dozen law reviews, has
been cited by numerous courts, including the U.S. Courts of Appeals
for the First, Third, Fifth and Ninth Circuits and the U.S.
District Courts for the Districts of Massachusetts and Nevada, the
report further related.

"I am so honored by the Fourth Circuit's selection," Professor
Harner told the Patch.  "I enjoy every aspect of my work at the law
school, especially my colleagues and my students. And I will miss
working with them on a daily basis. I feel, however, a strong call
to serve the Baltimore community and the legal profession, and I
can think of no better way to do that than through service on the
Maryland bankruptcy bench."

Prior to joining the Maryland Carey Law faculty in 2009, Professor
Harner served at the University of Nebraska College of Law, where
she was twice voted Professor of the Year; as a partner at Jones
Day, where her practice focused primarily on corporate
restructuring and bankruptcy law; and as a law clerk to The
Honorable William T. Bodoh, of the U.S. Bankruptcy Court for the
Northern District of Ohio, the report said.

She graduated with honors from Boston College; and summa cum laude,
first in her class and Order of the Coif, from The Ohio State
University Moritz College of Law, where she also was executive
editor of The Ohio State University Law Journal, the Patch added.

Professor Harner will complete the current semester at Maryland
Carey Law and assume her judicial duties in the spring, the report
said.


[*] Webinar -- Retail Restructuring Outlook 2017 -- Wed., Mar. 8
----------------------------------------------------------------
Beard Group invites you to join a timely Webinar about retail
restructurings in 2017.  Panelists for this Webinar will explore
these six questions:

    * What is the outlook for retail restructurings in 2017?
    * What is the prognostication for the next wave of
        restructurings?
    * What are the potential restructuring opportunities ahead?
    * How might this next wave compare to the last?
    * What reasons do we have to be optimistic or pessimistic
         about retail restructurings in 2017?
    * What cascading effect might this have on other industries
         and sectors of the economy?

Register today at http://bit.ly/2kDntFufor this event.   

Date: Wednesday, March 8, 2017
Time: 2:00 p.m., prevailing Eastern Time
Length: 90 minutes
Cost: $195.00 per site

Faculty for this Webinar:

Kenneth A. Rosen – Lowenstein Sandler
Partner and Chair, Bankruptcy, Financial Reorganization &
Creditors' Rights
With more than 30 years of proven experience, Ken is the first call
for companies seeking a strategic plan for recovery from financial
distress.  Ken advises on the full spectrum of restructuring
solutions, including Chapter 11 reorganizations, out-of-court
workouts, financial restructurings, and litigation.  He works
closely with debtors, creditors' committees, lenders, landlords,
and others in such diverse industries as paper and printing, food,
furniture, pharmaceuticals, health care, and real estate.

Paul Huygens – Province, Inc.
Principal
Mr. Huygens is a founding principal of Province and has 20 years of
experience in consulting and management on a national basis,
primarily involving out-of-court restructurings, complex chapter 11
cases, and distressed financial transactions.  He is an effective
leader who produces creative and pragmatic solutions to complicated
issues, and is a recent award winner in the Service Provider
category with M&A Advisor.  Mr. Huygens has represented debtors,
chapter 7 and 11 trustees, creditors and creditor committees in
cases spanning a range of industries, including gaming,
hospitality, construction, metals & mining, real estate, media,
alternative energy, ecommerce and retail.  His experience includes
the origination and restructuring of debt, fraud investigation,
expert testimony, prepackaged and traditional reorganization plans,
forensic and reconstructive accounting, asset sales,
debtor-in-possession and exit financing, crisis management, interim
management and strategic alternative consulting.

Frank A. Merola – Stroock & Stroock & Lavan LLP
Partner, Financial Restructuring
Frank has more than 25 years of experience in business
reorganization and bankruptcy.  Mr. Merola has advised debtors,
creditors, acquirers and equity holders in both Chapter 11 and
out-of-court restructurings across a range of industries.  He also
focuses his practice on the representation of ad hoc and official
creditor committees and equity holders.  Prior clients include
Sirius Satellite Radio, Harbinger Capital Partners, Tennenbaum
Capital Partners and Providence Equity Partners.  Mr. Merola has
developed a sub-specialty advising parties in casino resort
restructurings and bankruptcies.  Prior to joining Stroock, Mr.
Merola worked at Jefferies & Co., Inc. as managing director in the
Recapitalization and Reorganization Group, and as an attorney at
Stutman, Treister & Glatt, P.C., a Los Angeles-based boutique law
firm.

Sunny Singh – Weil, Gotshal & Manges LLP
Partner, Financial Restructuring
Mr. Singh advises debtors, creditors, sponsors, investors,
acquirers, lenders and other interested parties in all aspects of
distressed and insolvency situations both in and out-of-court.  Mr.
Singh has extensive experience with prepackaged chapter 11 cases
and asset sales under the Bankruptcy Code.  Mr. Singh's engagements
have ranged across various industries, including airlines, banking,
financial services, oil and gas and retail.

Chelsea R. Frankel – Reorg Research
Reporter
Ms. Frankel is a Reporter at Reorg Research.  Prior to joining
Reorg Research, she was a freelance technology writer focusing on
startups and mobile applications.  She has a B.A. in History from
Bard College.

For more information, contact:
  
       Joseph Cardillo
       (856) 381-8268
       joseph@beardgroup.com
       www.beardwebinars.com


[^] BOOK REVIEW: AS WE FORGIVE OUR DEBTORS
------------------------------------------
Authors:    Teresa A. Sullivan, Elizabeth Warren,
             & Jay Westbrook
Publisher:  Beard Books
Softcover:  370 Pages
List Price: $34.95
Review by:  Susan Pannell

Order your personal copy today at
http://www.beardbooks.com/beardbooks/as_we_forgive_our_debtors.html

So you think you know the profile of the average consumer
debtor: either deadbeat slouched on a sagging sofa with a three-
day growth on his chin or a crafty lower-middle class type
opting for bankruptcy to avoid both poverty and responsible debt
repayment.

Except that it might be a single or divorced female who's the
one most likely to file for personal bankruptcy protection, and
her petition might be the last stage of a continuum of crises
that began with her job loss or divorce. Moreover, the dilemma
might be attributable in part to consumer credit industry that
has increased its profitability by relaxing its standards and
extending credit to almost anyone who can scribble his or her
name on an application.

Such are among the unexpected findings in this painstaking study
of 2,400 bankruptcy filings in Illinois, Pennsylvania, and Texas
during the seven-year period from 1981 to 1987. Rather than
relying on case counts or gross data collected for a court's
administrative records, as has been done elsewhere, the authors
use data contained in the actual petitions. In so doing, they
offer a unique window into debtors' lives.

The authors conclude that people who file for bankruptcy are, as
a rule, neither impoverished families nor wily manipulators of
the system. Instead, debtors are a cross-section of America. If
one demographic segment can be isolated as particularly debt-
prone, it would be women householders, whom the authors found
often live on the edge of financial disaster. Very few debtors
(3.7 percent in the study) were repeat filers who might be
viewed as abusing the system, and most (70 percent in the study)
of Chapter 13 cases fail and become Chapter 7s. Accordingly, the
authors conclude that the economic model of behavior--which
assumes a petitioner is a "calculating maximizer" in his in his
decision to seek bankruptcy protection and his selection of
chapter to file under, a profile routinely used to justify
changes in the law--is at variance with the actual debtor
profile derived from this study.

A few stereotypes about debtors are, however, borne out. It is
less than surprising to learn, for example, that most debtors
are simply not as well-off as the average American or that while
bankrupt's mortgage debts are about average, their consumer
debts are off the charts. Petitioners seem particularly
susceptible to the siren song of credit card companies. In the
study sample, creditors were found to have made between 27
percent and 36 percent of their loans to debtors with incomes
below $12,500 (although the loans might have been made before
the debtors' income dropped so low). Of course, the vigor with
which consumer credit lenders pursue their goal of maximizing
profits has a corresponding impact on the number of bankruptcy
filings.

The book won the ABA's 1990 Silver Gavel Award. A special 1999
update by the authors is included exclusively in the Beard Book
reprint edition.


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2017.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-362-8552.

                   *** End of Transmission ***