TCR_Public/170221.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Tuesday, February 21, 2017, Vol. 21, No. 51

                            Headlines

1201 N SWAN: March 22 Disclosure Statement Hearing
15 JOHN CORP: Asks Court to Move Plan Filing Deadline to March 31
1802 PALISADES INVESTMENTS: US Trustee Unable to Appoint Committee
3324 N. CLARK: Second Auction of Chicago Property Set
ABC DISPOSAL: Disclosure Statement Hearing Set for March 16

ADAMIS PHARMACEUTICALS: Hikes Executives' Salaries by up to 6%
AIR PHOTOGRAPHICS: Unsecureds' Recovery Unknown Under Amended Plan
ALAN DUNCAN PROPERTIES: Hearing on Plan Outline Set for March 16
ALEXANDER SHCHARANSKY: Reports Sale of NY Condo to Shas for $4M
ALL WAYS PLUMBING: Disclosures OK'd; April 25 Plan Hearing

ALLIANCE ONE: Aegis Financial Holds 9.36% Stake as of Dec. 31
ALLY FINANCIAL: Harris Associates Reports 7.7% Stake as of Dec. 31
AMBULATORY ENDOSCOPIC: March 15 Hearing on Regional's Plan
AMPLIPHI BIOSCIENCES: Broadfin Capital Stake Down to 0.4%
AMW MACHINE: March 28 Disclosure Statement Hearing

APOLLO MEDICAL: Obtains $5 Million Loan from NMM
ARABELLA EXPLORATION: Taps T2 Land Resources as Land Consultant
ARCH COAL: Moody's Assigns B1 Rating to New Secured Term Loan
BIOSCRIP INC: Venor Capital Discloses 5.35% Equity Stake
BLUFF CITY SHEET: Shelby County Tries to Block Disclosures OK

CAMBER ENERGY: Completes Permian Basin Acquisition
CAMBER ENERGY: Incurs $4.39 Million Net Loss in Third Quarter
CHANNEL TECHNOLOGIES: Sale of Property to BAE for $800K Approved
CLIFFS NATURAL: Prices $500 Million Senior Notes Offering
COBALT INTERNATIONAL: Capital Int'l Holds 3.3% Stake

COLONEL HOSPITALITY: Taps Durand & Associates as Legal Counsel
CONCORDIA INTERNATIONAL: Point72 Asset Ceases to be 5% Shareholder
CONGREGATION ACHPRETVIA: DIP Loan, Sale Proceeds to Fund Plan
CONTROL VALVE: Disclosures Okayed, Plan Hearing Set for March 17
CORNERSTONE HOMES: CPC, First Citizens Bids to Dismiss Suit Denied

CROFCHICK INC: Hearing on Disclosure Statement Set for April 6
CS MINING: Oxbow Sulphur No Longer Committee Member
CUMULUS MEDIA: Greywolf Event Holds 8.5% of Class A Shares
DCP MIDSTREAM: Fitch Affirms Then Withdraws 'BB+' LT IDRs
DIGIPATH INC: Incurs $126K Net Loss in First Quarter

DOTS LLC: Summary Judgment Bids in "Factors" Clawback Suits Denied
EASTERN OUTFITTERS: U.S. Trustee Forms 7-Member Committee
EXCELLENCE HOLDING: Can Continue Using Cash Until Feb. 24
EXCO RESOURCES: V. Prem Watsa Reports 9.8% Stake as of Dec. 31
EXO U: Files NOI Under the Bankruptcy and Insolvency Act

FANSTEEL INC: To Become WDC Subsidiary After Debt-Equity Conversion
FENDER MUSICAL: S&P Affirms 'B+' CCR, Outlook Stable
FENTURA FINANCIAL: Banc Fund Owns 9.5% Equity Stake as of Dec. 31
FOLTS HOME: Upstate Service Buying All Assets for $9.8 Million
FORESIGHT ENERGY: Provides Prelim. Results; to Refinance Debt

FOUR DIA: Unsecureds to Recoup 90% Under Amended Plan
FREESEAS INC: Crede CG Longer Owns Common Shares
FRESH & EASY: Selling Liquor License to Durra for $15K
FUEL PERFORMANCE: John Hennessy Discloses 7.64% Equity Stake
GERALEX INC: To Deposit $260,000 to Unsecured Creditor Escrow Acct

GETCHELL AGENCY: March 21 Plan Confirmation Hearing
GNC HOLDINGS: S&P Puts 'BB' CCR on CreditWatch Negative
GRISHAM FARM PRODUCTS: U.S. Trustee Unable to Appoint Committee
GRISHAM FARMS TRANSPORT: U.S. Trustee Unable to Appoint Committee
GRM BAY WASH: Disclosures OK'd; Plan Hearing on April 5

H. BURKHART: Disclosure Statement Hearing on March 23
HAMPTON ROADS: Fitch Affirms 'B+' Rating on 2007 Class III Bonds
HENSON MECHANICAL: Has Final Authority to Use Cash Collateral
HEXION INC: Amends Asset-based Revolving Credit Facility
HMF GOLF: Baron Buying Reno Property for $500K

HOSPITAL ACQUISITION: S&P Affirms Then Withdraws 'B-' CCR
HOTEL PARK: Hires Richard G. Hall, Esq. as Attorney
HOVNANIAN ENTERPRISES: Sirwart Hovnanian Owns 2.7% of Shares
I-69 DEVELOPMENT: S&P Affirms 'BB-' Rating on $243.8MM Bonds
INT'L MANAGEMENT: Oppenheimer Wins Summary Ruling in Clawback Suit

ITT EDUCATIONAL: Capital World Ceases as Shareholder
JO-LIN HEALTH: Taps Andrews Tackett, Howard Wershbale as Accountant
JOHN GORMAN: Trustee's Sale of Escondida Interests for $80K Okayed
JOHNS TRUCKING: Seeks to Hire Diaz & Larsen as Legal Counsel
JOSEPH HEATH: Zhang Buying Alexandria Property for $550K

KANE CLINICS: Plan Disclosures Hearing Set for March 14
KB HOME: S&P Affirms 'B' CCR & Revises Outlook to Positive
LANDMARK HOSPITALITY: Disclosures OK; Plan Hearing on May 24
LES CHEVEUX: Disclosure Statement Hearing Moved to March 20
LEWIS HEALTH: Unsecureds to Get $400 Per Month Over Five Years

LIBERTY INDUSTRIES: Unsecureds to Recover 100% Over 72 Months
LIME ENERGY: Completes Reverse/Forward Stock Split
LINDSAY GENERAL: Disclosures OK'd; Plan Hearing Set For May 18
LIVING COLOUR: Asks Court to Move Plan Filing Period to May 16
MARRONE BIO: Senvest Management No Longer a Shareholder

MAUI LAND: ValueWorks Holds 5.8% Equity Stake as of Dec. 31
MAXUS ENERGY: Mallinckrodt Appointed as Committee Member
MESOBLAST LIMITED: Capital Research Reports 7.9% Equity Stake
MF GLOBAL: Bermuda Insurers Held in Contempt for TRO Violation
MF GLOBAL: Preliminary Injunction Issued Against Bermuda Insurers

MOTORS LIQUIDATION: Had $486M Net Assets in Liquidation at Dec 31
MOUNT CALVARY PENTECOSTAL: Hires Suhar & Macejko as Counsel
MSES CONSULTANTS: Unsecureds Distribution Pushed Back to May 1
NEOVASC INC: Capital World Ceases to be 5% Shareholder
NEP/NCP HOLDCO: S&P Revises Outlook to Stable & Affirms 'B' CCR

NORDICA SOHO: Recovery of Unsecureds Unknown Under Amended Plan
NORMCC ENTERPRISES: Court Allows Cash Collateral Use
NOVATION COMPANIES: Unsecureds to be Paid in Full for 1 Year
NUVERRA ENVIRONMENTAL: Ascribe Capital Has 7.5% Equity Stake
NUVERRA ENVIRONMENTAL: Senvest Mgmt. Ceases to be 5% Shareholder

OLIGARCH CAPITAL: Hires George Paukert as General Counsel
OLMOS EQUIPMENT: Equipment Auction by PPL, Ritchie and Davis Okayed
OMNICOMM SYSTEMS: Cornelis Wit Discloses 43.4% Equity Stake
ON CALL FLAGGING: Hiring of Fred Fall as Auctioneer Approved
ORIENTAL CANTONES: Court Confirms Reorganization Plan

OTEX RESOURCES: Wants Court to Approve Cash Collateral Use
OTEX RESOURCES: Wants DIP Financing From Solstice Capital
OW BUNKER: Suppliers Lose Summary Judgment Bids in 3 Interpleaders
P3 FOODS: Can Use Element Financial Cash Until March 9
PAONESSA ALFROMBRAS: Seeks to Hire Tamarez CPA as Accountant

PAPERWORKS INDUSTRIES: Moody's Cuts Corp. Family Rating to Caa1
PARKER DRILLING: S&P Affirms 'B-' CCR & Alters Outlook to Negative
PATRIOT ONE: Seeks May 23 Exclusive Plan Filing Period Extension
PAWS AND CLAWS: Wants Court Approval to Use Cash Collateral
PEABODY ENERGY: Allowed to File Chapter 11 Plan Until May 1

PEABODY ENERGY: Court Denies Bid to Appoint Retail Committee
PINNACLE AUTO: Bank of Commerce Wants to Prohibit Cash Use
PIONEER ENERGY: Vanguard Group Reports 5% Stake as of Dec. 31
PIONEER ROOFING: Unsecured Creditors to Get 5% Under Plan
PRATT WELL: Hires Hinkle Law as Special Counsel

PRO CONSTRUCTION: Plan Filing Deadline Extended Until May 17
PURE FOODS: U.S. Trustee Forms 5-Member Committee
QUALITY FLOAT: Can Continue Using Cash Collateral Until May 19
QUINN'S JUNCTION: Needs Until May 18 to Obtain Plan Acceptances
RAINER SOEHLEIN: Weston Buying Los Angeles Property for $2 Million

RECOM INC: Hires David Lloyd as Counsel
RENAISSANCE CHARTER: Fitch Affirms BB+ Rating on $64.8MM Bonds
RENT-A-CENTER INC: S&P Lowers CCR to 'B-' on Weak Performance
RESOLUTE ENERGY: Approves Long-Term Incentive, Promotes EVP
RIH ACQUISITIONS: NJ Super. Ct. Junks License Fee Refund Appeal

ROBERT JOHNSON: Trustee's Sale of 2011 Ford Flex for $9.4K Approved
ROMA'S STEAK: Disclosures Okayed, Plan Hearing Set for April 20
ROOT9B HOLDINGS: Issues $245,000 Promissory Note to CEO
ROSEWOOD OAKS: Disclosures OK'd; Plan Hearing on March 8
ROSEWOOD OAKS: Janette Wallace Agrees to Reduce Claim Amount

RXI PHARMACEUTICALS: Broadfin Capital Ceases to be 5% Shareholder
SABINE OIL: Court Junks Creditors' Bid To Appeal Plan Confirmation
SCIENTIFIC GAMES: Sylebra HK Holds 9.8% of Class A Shares
SEFCAK LLP: Discloses Hourly Rates for Swiftcurrent Consulting
SIDNEY TRANSPORTATION: Unsecureds to Recoup 2.6% Under Plan

SIGNAL GENETICS: Completes Merger With miRagen Therapeutics
SNYDER & SCHNEIDER: Hearing on Plan Disclosures Set for March 16
SNYDER VIRGINIA: Hearing on Plan Outline Approval Set for March 16
SOUTHCROSS ENERGY: OppenheimerFunds Ceases to Own 5% Equity Stake
SPEEDING DOG: Unsecureds to Recoup 100% Over 4 Years

SPIN CITY EC: JJC of Eau Claire Tries to Block Disclosures OK
SPIN CITY EC: Royal Credit Union Objects to Disclosure Statement
SPORTS AUTHORITY: Asks Court to Expand Scope of Hilco Services
STATE DRIVE-IN: Plan, Disclosures Hearing Set for March 14
SUPERIOR PLUS: DBRS Puts BB Secured Notes Rating Under Review

TELEFLEX INC: S&P Rates $1BB Revolver Loan Due 2022 'BB-'
TEMPUR SEALY: S&P Affirms 'BB' CCR & Revises Outlook to Negative
TIMS TRUCKING: Judge Reschedules Sale Hearing to April 2
TPP ACQUISITION: Unsecureds May Get 0-10% Under 2nd Amended Plan
TRANSMAR COMMODITY: Asks Court to Okay Additional Riker Services

TURNING POINT: Moody's Assigns B2 Corporate Family Rating
TURNING POINT: S&P Assigns 'B' CCR on Refinancing of Unit's Debt
TUSCANY ENERGY: Has Interim Authority to Use Cash Until March 10
UNITED ROAD: U.S. Trustee Forms 5-Member Committee
VAPOR CORP: CEO Jeffrey Holman Holds 19.99% Equity Stake

VAPOR CORP: President Reports 19.99% Equity Stake as of Feb. 2
VASSALLO INTERNATIONAL: Air Master Buying Assets for $45K
VASSALLO INTERNATIONAL: C6 Group Buying Assets for $80K
VINH PHAT SUPERMARKET: Court Approves Disclosure Statement
VIOLIN MEMORY: Unsecureds May Recover Up to 9.5% Under Plan

WALTER H. BOOTH: Wants to Continue Using Cash Until April 30
WATERFORD FUNDING: Court to Approve Settlement With John Stone
WCI COMMUNITIES: Moody's Withdraws B3 Corporate Family Rating
WEATHERFORD INTERNATIONAL: Capital World Reports 9.2% Stake
WEATHERFORD INTERNATIONAL: Files $2.5 Billion Prospectus with SEC

WELLMAN DYNAMICS: Huntington Bank to Provide $30MM Exit Financing
WGC INC: Baron Buying Reno Property for $500K
WK CAPITAL: Court OKs $400,000 INTRUST Bank DIP Loan
WOW ORTHODONTICS: Disclosure Statement Hearing Set for March 21
YRC WORLDWIDE: Joins Stifel 2017 Transportation Conference

YRC WORLDWIDE: Masters Capital Ceases to be 5% Shareholder

                            *********

1201 N SWAN: March 22 Disclosure Statement Hearing
--------------------------------------------------
Judge Brenda Moody Whinery of the U.S. Bankruptcy Court for the
District of Arizona will convene a hearing on March 22, 2017, at
10:00 a.m. to consider approval of the disclosure statement and
plan of reorganization filed by 1201 N. Swan, LLC.

The U.S. Bankruptcy Court has fixed April 4, 2017 as the deadline
to file a proof of claim in this case.

The deadline to file serving written objections to the disclosure
statement is fixed at 7 days prior to the hearing (March 15, 2017).


The Troubled Company Reporter previously reported that under the
plan, holders of allowed Class 3 Claims will share pro rata in
three $750 distributions. The first $750 distribution will be made
on the first business day of the first month, starting 30 days
after the Effective Date. The second $750 distribution will be
distributed 120 days after the first payment. The third and final
$750 distribution will be made 120 days after the second
distribution.

Payments and distributions under the Plan will initially be funded
from the equity contribution of the Class 4 Equity Security
Holders.

The Disclosure Statement is available at:

            http://bankrupt.com/misc/azb16-09256-34.pdf 


Headquartered in Tucson, Arizona, 1201 N. Swan, LLC, filed for
Chapter 11 bankruptcy protection (Bankr. D. Ariz. Case No.
16-09256) on Aug. 11, 2016, estimating its assets and liabilities
at between $100,001 and $500,000 each.  Kasey C. Nye, Esq., at
Kasey C. Nye, Lawyer, PLLC, serves as the Debtor's bankruptcy
counsel.


15 JOHN CORP: Asks Court to Move Plan Filing Deadline to March 31
-----------------------------------------------------------------
15 John Corp. requests the U.S. Bankruptcy Court for the Southern
District of New York to extend for an additional 45 days the
exclusive period to file a Plan of Reorganization from February
21,2017 to March 31, 2017.

The Debtor tells the Court that it has been actively negotiating
with the Secured Creditors and has obtained extensions for the use
of Cash Collateral and other relief from these creditors reflecting
the willingness of the Secured Creditors to continue to engage with
the Debtor.

The Debtor believes that there is an agreement, in principle, with
its largest creditor representing the Class Action Plaintiffs in
the Debtor's case holding claims of approximately $5,000,000.

In addition, the Debtor has engaged in negotiations with the
Landlord, who has likewise agreed, to adjourn and extend the
Debtor's Motion to assume the Lease while the negotiations
continue.

Moreover, the Debtor contends that it is necessary for purposes of
disclosure and confirmation to ascertain the amount of the claims
that need to be dealt with in this Chapter 11 case. The Debtor adds
that it has filed a Bar Date Application which the Court has
scheduled, coincidentally, for February 21, 2017.

As such, the Debtor believes that it will have the ingredients for
a Chapter 11 Plan upon resolution of the issues with these
creditors.

                       About 15 John Corp.

15 John Corp. sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D.N.Y. Case No. 16-12453) on August 25, 2016.  The
petition was signed by Philip Lajaunie, president. The case is
assigned to Judge Michael E. Wiles. At the time of the filing, the
Debtor estimated its assets at $50,000 to $100,000 and debts at $1
million to $10 million.

The Debtor is represented by Leo Fox, Esq. The Debtor tapped Harry
A. Harrison and Aronson LLC as its accountant.


1802 PALISADES INVESTMENTS: US Trustee Unable to Appoint Committee
------------------------------------------------------------------
The Office of the U.S. Trustee on Feb. 16 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of 1802 Palisades, LLC.

Headquartered in Leawood, Kansas, 1802 Palisades, LLC, filed for
Chapter 11 bankruptcy protection (Bankr. W.D. Mo. Case No.
17-20009) on Jan. 9, 2017, listing $2.05 million in total assets
and $2.15 million in total liabilities.  The petition was signed by
Patsy Prelogar, authorized representative.

Ronald S. Weiss, Esq., at Berman Deleve Kuchan & Chapman, LLC,
serves as the Debtor's bankruptcy counsel.


3324 N. CLARK: Second Auction of Chicago Property Set
-----------------------------------------------------
Judge Donald R. Cassling of the U.S. Bankruptcy Court for the
Northern District of Illinois authorized 3324 N. Clark Street, LLC
to conduct a second auction for the property commonly known as 3324
N. Clark Street, Chicago Illinois on Feb. 20, 2017 at 2:00 p.m. to
be held at the law offices of Weissberg and Associates, Ltd.

Any person or entity is allowed to appear and bid in excess of
$1,555,000 for the purchase of the property in minimum bid
increments of $25,000.  To qualify as a bidder, a person or entity
that desires to participate in the Second Auction must tender or
must have tendered on or before Feb. 20, 2017 at 1:30 p.m. a
Purchase and Sale Agreement with a stated purchase price of no less
than $1,555,000 plus earnest money by certified or cashier's check
in the amount of 10% of the gross purchase price set forth in the
Purchase and Sale Agreement, and written proof satisfactory to the
Debtor of the prospective purchaser's ability to consummate a sale
of the property for an amount no less than $1,555,000.

The Second Auction will be an auction with reserve, subject to the
approval of the Debtor and the Court in the pending case and
pursuant to the Motion in a sale pursuant to Section 363 of the
Bankruptcy Code.  The Debtor will conclude the Second Auction on
Feb. 20, 2017.  Rick Levin & Associates will provide written notice
of the Second Auction to all persons and entities that received
written notice of the sale of the property, including the persons
and entities that previously submitted written offers for the
purchase of the property prior to Feb. 1, 2017.

The Motion and all pending matters, including any objections to the
sale of the property previously filed, is continued to Feb. 21,
2017 at 10:30 a.m.

                   About 3324 N. Clark Street

3324 N. Clark Street, LLC, sought Chapter 11 protection (Bankr.
N.D. Ill. Case No. 16-30934) on Sept. 28, 2016.  The petition was
signed by Simone Singer Weissbluth, manager of WMW Investments,
LLC, the manager of the Debtor.  The case is assigned to Judge
Donald R. Cassling.  The Debtor estimated assets and liabilities
at
$1 million to $10 million at the time of the filing.

The Debtor is represented by Ariel Weissberg, Esq. and Devvrat
Sinha, Esq. at Weissberg and Associates, Ltd.  The Debtor also
employs Saul R. Wexler, member of the Law Offices of Saul R.
Wexler, as its special counsel; and Rick Levin & Associates, Inc.
as its a real estate broker in connection with the sale of its
real property located at 3324 N. Clark Street, Chicago, Illinois.

No trustee, examiner, or official committee of unsecured creditors
has been appointed.


ABC DISPOSAL: Disclosure Statement Hearing Set for March 16
-----------------------------------------------------------
ABC Disposal Service, Inc., filed with the Bankruptcy Court in
Massachusetts a First Amended Chapter 11 Plan and accompanying
Disclosure Statement on Feb. 13, 2017.

The Court scheduled a hearing for March 16 at 10:00 a.m. at Boston
Courtroom 1, 12th Floor, 5 Post Office Square, Boston, to consider
the adequacy of the First Amended Disclosure Statement.  Objections
to the approval of the Disclosure Statement are due by March 6.

The Court also moved to March 16 the hearing on:

     -- the Debtor's motion to use cash collateral;

     -- the request of creditor Small Business Term Loans, Inc.
d/b/a BFS Capital for Rule 2004 examination of each of the Debtors;
and

     -- the Debtor's objection to Small Business Term Loans's proof
of claim No. 105.

                    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.


ADAMIS PHARMACEUTICALS: Hikes Executives' Salaries by up to 6%
--------------------------------------------------------------
The Compensation Committee of the Board of Directors of Adamis
Pharmaceuticals Corporation approved an increase in the annual base
salaries of its officers in amounts ranging from 4% to 6% from such
officer's previous base salary, effective as of Jan. 1, 2017.

In addition, the Compensation Committee approved cash discretionary
bonus payments under the Company's 2016 bonus Plan for 2016 as
follows: Dennis J. Carlo, Ph.D. (chief executive officer),
$143,750; David J. Marguglio (senior vice president, corporate
development), $62,000; Robert O. Hopkins (vice president and chief
financial officer), $45,000; Karen K. Daniels (vice president of
operations), $42,000; and  Thomas Moll, Ph.D. (vice president of
research), $42,000, as disclosed in a Form 8-K report filed with
the Securities and Exchange Commission.

                         About Adamis

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

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

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

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


AIR PHOTOGRAPHICS: Unsecureds' Recovery Unknown Under Amended Plan
------------------------------------------------------------------
Air Photographics, Inc., filed with the U.S. Bankruptcy Court for
the Northern District of West Virginia its small business first
amended disclosure statement describing its plan of reorganization,
a full-text copy of which is available at:

      http://bankrupt.com/misc/wvnb3-16-00242-132.pdf

Class OD under the plan is the claim of On Deck Capital.  Although
On Deck Capital did file a financing statement with the Office of
the Secretary of State of the State of West Virginia, this claim is
unsecured because of senior liens of CRF and Citizens National
Bank.  This claim is also personally guaranteed by Arlie Winters,
the owner of the Debtor.

As reported by the Troubled Company Reported on Jan. 12, 2017, the
initial plan stated that On Deck Capital has agreed to receive a
payment at the rate of $500 per month for a period not to exceed
six months, after which the parties will renegotiate a higher
payment.  A disproportionate portion of the payment may come from
Arlie Winters, individually.  The total claim is approximately
$110,000.  On Deck Capital is willing to accept a significant
discount on the claim if the Debtor and Arlie Winters can pay a
percentage over a time period not to exceed two years. 

Class U-1 consists of the claim of unsecured creditors other than
On Deck Capital. Claims in this class total the sum of $43,617.

Payments to Class OD and Class U can only be made if there are
surplus proceeds after payment in full of secured claims,
administrative expense claims, and priority claims.

The previous plan originally proposed to pay unsecured creditors a
dividend of 50% based upon 20 quarterly payments, without interest,
of $1,905 per quarter.

This amended plan is based upon the liquidation of the Debtor's
digital mapping system and real property owned by Houyoux
Properties, LLC, a non-debtor. In addition, the Debtor will seek
new business partners or a merger with another entity as a means to
continue the business. The Debtor shall continue to operate its
business through April 30, 2017, and will actively seek out sources
of replacement financing.

The Debtor owns a Leica DSW700 Aerial Film Scanner. This equipment
is no longer used by the Debtor and is partially obsolete. The
Debtor hopes to sell this equipment in the range of $25,000 to
$30,000 with all of the net sale proceeds to be over to CRF Inc.,
the Debtor's largest creditor, which holds a lien on the digital
camera.

                   About Air Photographics

Air Photographics, Inc., filed a Chapter 11 petition (Bankr.
N.D.W.Va. Case No. 16-00242) on March 22, 2016, and is represented
by Joseph W. Caldwell, Esq.  The Debtor provides aerial
photographics and mapping services to state and local governments
and to certain private businesses, including coal companies.


ALAN DUNCAN PROPERTIES: Hearing on Plan Outline Set for March 16
----------------------------------------------------------------
The Hon. Rebecca B. Connelly of the U.S. Bankruptcy Court for the
Western District of Virginia has scheduled for March 16, 2017, at
2:00 p.m. Alan/Duncan Properties' disclosure statement dated Feb.
12, 2017, referring to the Debtor's plan of reorganization.

March 15, 2017, is the last date for filing and serving in
accordance with Rule 3017 (a) written objections to the Disclosure
Statement.

                     About Alan/Duncan Properties

Alan/Duncan Properties, based in Mineral, Virginia, filed a Chapter
11 petition (Bankr. W.D. Va. Case No. 16-61360) on July 6, 2016.
The Hon. Rebecca B. Connelly presides over the case.  Edward
Gonzalez, Esq., at Law Office of Edward Gonzalez, P.C., as
bankruptcy counsel.

At the time of filing, the Debtor estimated $0 to $50,000 in assets
and $10 million to $50 million in liabilities.  The petition was
signed by Jeff Snyder, manager.


ALEXANDER SHCHARANSKY: Reports Sale of NY Condo to Shas for $4M
---------------------------------------------------------------
Alex Shcharansky filed a report with the U.S. Bankruptcy Court for
the Southern District of Iowa of the sale of the condominium
located at 300 East 55th Street, Apt. 22A in New York, New York
("NY Condo") to Pritesh and Samira Shah for $3,975,000.

On Jan. 24, 2017, the Court entered a Consent Order approving the
Debtor's Motion to sell the NY Condo, and authorized the Debtor to
proceed with the sale to the Shahs pursuant to the Contract for
Sale entered into by the Debtor and the Shahs as dated Dec. 5,
2016.

On Feb. 10, 2017, the Debtor closed the sale transaction with the
Shahs and conveyed his interests in the NY Condo to the Shahs.

The Debtor paid the following expenses or claims at the closing, as
authorized by the Court in the Consent Order entered on Jan. 24,
2017:

    a. The Debtor paid the secured claim of Emigrant Mortgage Co.
in full, in the amount of $1,263,301 at the closing, which amount
included $4,176 in legal and attorney's fees incurred by Emigrant
Mortgage with respect to its mortgage and the release of the same.

    b. The Debtor paid the secured claim of the Shapiro Group
Creditors (Alex Komm, Ilya Markevich, Boris Pusin and Vadim
Shapiro) in full, in the amount of $2,049,022 at the closing.

    c. The Debtor paid to Douglas Elliman Property Management the
amount of $10,792 in full satisfaction of its claim for
post-petition common area charges related to the NY Condo, and
preparation of transfer documents necessary to effectuate the sale
of the NY Condo to the Shahs.

    d. The Debtor paid transfer taxes, recording fees and other
charges in the amount of $73,019 to CORE Title Services at the
closing.

    e. The Debtor paid the 6% real estate commission owing to the
real estate brokerage firm of Brown, Harris and Stevens in the
amount of $119,250 at closing.

    f. The Debtor paid at to attorney Derin Edip Walden the flat
fee of $3,550 for her services in providing legal services to the
estate with respect to the real estate transaction, as disclosed in
the Debtor's application to retain attorney Walden as filed and
approved, and such fees in the amount of $3,500 were paid to
attorney Walden at closing.

    g. The Debtor also paid various miscellaneous charges relating
to the notary fee charged by the title company, a move out fee to
the Milan Condominium association, reimbursed certain expenses to
the Shahs related to repairs to the heating system in the NY Condo
found not to be functioning during the Shahs final walkthrough, and
a fee to the Douglas Elliman company for use of its conference room
for the closing, totaling $1,845 in the aggregate.

The balance of the proceeds from the sale of the NY Condo, in the
amount of $469,132, was wired to the Trust Account of the Debtor's
law firm, Wandro & Associates on Feb. 13, 2017.

The sale of the NY Condo did not result in any income being
realized by the Debtor and bankruptcy estate, and no income tax was
paid by the Debtor on behalf of the bankruptcy estate as a result
of such sale.

On Feb. 16, 2017, Wandro & Associates, applied $ 4,807 of the sale
proceeds held in its Trust Account to legal fees previously
approved by the Court and entered on Dec. 6, 2016.

On Jan. 19, 2017, Wandro & Associates filed its Second Interim
Application for Attorney's Fees and Expenses seeking Court approval
of $ 10,886 in fees for services rendered and for expenses incurred
on behalf of the Debtor in connection with this proceeding for the
time period of Nov. 1, 2016 through Dec. 31, 2016.

On Jan. 20, 2017 the Court issued its Order and Notice of Bar Date
directing that any objections to the Second Interim Application for
Attorney's Fees and Expenses be filed on Feb. 10, 2017.

Upon entry of an Order approving the Second Interim Application for
Attorney's Fees and Expenses, the Debtor has authorized Wandro &
Associates to transfer from the proceeds held in its Trust Account
to said firm's general operating account, the amount of any
attorney's fees or expenses approved for payment by the Court
pursuant to the Second Interim Application for Attorney's Fees and
Expenses as filed by Wandro & Associates.

The Debtor has requested Wandro & Associates to disburse the amount
of $25,000 from the sale proceeds, to be held by the Debtor in the
DIP bank account, and to be used by the Debtor to pay necessary
expenses incurred by the Debtor and his spouse during the pendency
of the Chapter 11 proceeding as well as the quarterly disbursement
fees that will be due and owing to the United States Trustee.

After payment of the attorneys' fees and expenses set forth, and
after disbursement of the $25,000 to the Debtor for deposit into
the DIP account, there will remain the amount of $428,439 in Wandro
& Associates' Trust Account for the benefit of the Debtor and
bankruptcy estate and in anticipation of distribution of the same
under a confirmed Plan of Liquidation as to be proposed by the
Debtor in the proceeding, or pursuant to a further Order of the
Court.

The Debtor submits the foregoing as his Report of Sale of Property
of the Estate Pursuant, and asks that the Court accepts the same
and for any and all other relief deemed just and equitable in the
premises.

A copy of the Transaction Fact Sheet attached to the Report is
available for free at:

       
http://bankrupt.com/misc/Alexander_Shcharansky_98_Sales.pdf

Alexander Shcharansky sought Chapter 11 protection (Bankr. S.D.
Iowa Case No. 16-01761) on Sept. 2, 2016.  The Debtor tapped Terry
L Gibson, Esq., as counsel.


ALL WAYS PLUMBING: Disclosures OK'd; April 25 Plan Hearing
----------------------------------------------------------
Judge Martin R. Barash of the U.S. Bankruptcy Court for the Central
District of California approved the disclosure statement describing
the chapter 11 plan of reorganization filed by All Ways Plumbing,
Inc.

Feb 17, 2017, is the deadline for serving the ballots on the
creditors and interest holders that are entitled to vote on
confirmation of the Chapter 11 Plan.

March 17, 2017, is the deadline for parties entitled to vote to
return ballots accepting or rejecting the Chapter 11 Plan to
counsel for the Plan Proponents.

March 17, 2017, is the deadline for serving and filing objections
to confirmation of the Chapter 11 Plan.

April 4, 2017, is the deadline for the Debtor to file a summary of
ballots cast in favor or against confirmation.

April 25, 2017, at 1:30 p.m. is the date and time for the hearing
on confirmation of the Chapter 11 Plan.

                   About All Ways Plumbing

All Ways Plumbing, Inc. is a contractor that provides plumbing
services and repairs for commercial and multi-dwelling real estate.
The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. C.D. Cal. Case No. 16-12103) on July 20, 2016.  The
petition was signed by Edward Sias, president and managing
officer.

At the time of the filing, the Debtor estimated assets of less than
$50,000 and liabilities of $100,001 to $500,000.


ALLIANCE ONE: Aegis Financial Holds 9.36% Stake as of Dec. 31
-------------------------------------------------------------
Aegis Financial Corporation disclosed in a regulatory filing with
the Securities and Exchange Commission that as of Dec. 31, 2016, it
beneficially owns 836,557 shares of common stock of Alliance One
International, Inc. representing 9.36 percent of the shares
outstanding.  Scott L. Barbee, managing director of Aegis
Financial, also reported beneficial ownership of 905,057 common
shares as of that date.  A full-text copy of the regulatory filing
is available for free at https://is.gd/0brQgm

                     About Alliance One

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

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

As of Sept. 30, 2016, Alliance One had $1.99 billion in total
assets, $1.77 billion in total liabilities and $226.4 million in
total equity.

                       *     *     *

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

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


ALLY FINANCIAL: Harris Associates Reports 7.7% Stake as of Dec. 31
------------------------------------------------------------------
Harris Associates L.P. and Harris Associates Inc. disclosed in a
Schedule 13G filed with the Securities and Exchange Commission that
as of Dec. 30, 2016, they beneficially own 36,248,807 shares of
common stock of Ally Financial representing 7.7 percent of the
shares outstanding.  A full-text copy of the regulatory filing is
available for free at https://is.gd/dLVQSs

                    About Ally Financial

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

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

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

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

                           *     *     *

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

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

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

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


AMBULATORY ENDOSCOPIC: March 15 Hearing on Regional's Plan
----------------------------------------------------------
The Hon. Jean K. FitzSimon of the U.S. Bankruptcy Court for the
Eastern District of Pennsylvania has approved the disclosure
statement explaining Regional Gastrointestinal Consultants, P.C's
Chapter 11 plan of reorganization.

A hearing to consider the confirmation of the Plan will be held on
March 15, 2017, at 9:30 a.m.

Objections to the plan confirmation must be filed by March 3,
2017.

Ballots must be submitted by 5:00 p.m., prevailing Eastern Time on
March 8, 2017.

As reported by the Troubled Company Reporter on Feb. 15, 2017, the
Debtor filed with the Court an amended plan of reorganization and
accompanying disclosure statement.  Under the Plan, Class 4
Unsecured Claims are impaired by the Plan.  Starting on the first
business day of the first month after the Effective Date and on the
first business day of each successive month for a total of 36
monthly payments, the Debtor will pay $3,000 to be distributed to
Class 4 Claimants on a pro rata basis to all Class 4 holders of
Allowed Unsecured Claims.  The total amount of the payments to
Class 4 Claimants whose claims are allowed, over the life of the
Plan, is $108,000.  This distribution equates to an approximate 5%
pro rata distribution to the holders of Allowed Class 4 claims
based on total claims of $2,104,061.34, when taking into
consideration TD Bank's agreement to receive a distribution on
account of a unsecured claim in the amount of $200,000, rather than
in the amount of its actual Allowed Class 4 Unsecured Claim, which
is substantially higher at $1,292,008.75.

            About Ambulatory Endoscopic Surgical Center
                     of Bucks County, LLC

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


AMPLIPHI BIOSCIENCES: Broadfin Capital Stake Down to 0.4%
---------------------------------------------------------
Broadfin Capital, LLC, Broadfin Healthcare Master Fund, Ltd. and
Kevin Kotler reported in an amended Schedule 13G filed with the
Securities and Exchange Commission that as of Dec. 31, 2016, they
beneficially own 68,000 shares of common stock, $0.01 par value per
share, of AmpliPhi Biosciences Corporation representing 0.40
percent of the shares outstanding.  A full-text copy of the
regulatory filing is available for free at https://is.gd/a9AHnn

                       About AmpliPhi

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

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

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

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


AMW MACHINE: March 28 Disclosure Statement Hearing
--------------------------------------------------
The Hon. John T. Gregg of the U.S. Bankruptcy Court for the Western
District of Michigan has scheduled a hearing on March 28, 2017, at
11:00 a.m. to consider approval of the disclosure statement filed
by AMW Machine Control, Inc.

Objections to the disclosure statement must be filed and copies
shall be served upon the plan proponent and all parties 7 days
prior to the hearing.

                    About AMW Machine 

AMW Machine Control, Inc., based in Saranac, Michigan, filed for
Chapter 11 bankruptcy (Bankr. W.D. Mich. Case No. 16-02157) on
April 19, 2016.  Hon. John T. Gregg presides over the
case.  Todd
A. Almassian, Esq., at Keller & Almassian, PLC, serves as the
Debtor's counsel.  In its petition, the Debtor estimated under
$50,000 in assets and $1 million to $10 million in liabilities. 
The petition was signed by Mark A. Williams, president.



APOLLO MEDICAL: Obtains $5 Million Loan from NMM
------------------------------------------------
As previously reported, on Dec. 21, 2016, Apollo Medical Holdings,
Inc., entered into an Agreement and Plan of Merger among the
Company, Apollo Acquisition Corp., a California corporation and
wholly-owned subsidiary of the Company, Network Medical Management,
Inc., a California corporation, and Kenneth Sim, M.D., not
individually but in his capacity as the representative of the
shareholders of NMM.

Pursuant to Section 3.14 of the Merger Agreement, on Jan. 3, 2017,
NMM provided a loan to the Company in the principal amount of
$5,000,000, which is evidenced by a promissory note.

The Promissory Note has a term of two years, with the Company's
payment obligations commencing on Feb. 1, 2017, and continuing on a
quarterly basis thereafter until January 2019.  Under the terms of
the Promissory Note, the Company must pay NMM interest on the
principal balance outstanding at the Prime Rate plus one percent.
As used in the Promissory Note, "Prime Rate" means the prime rate
of interest for commercial customers as publicly or privately
announced from time to time by Bank of America.

All outstanding principal and accrued but unpaid interest under the
Promissory Note is due and payable in full on the Maturity Date.
The Company may voluntarily prepay the outstanding principal and
interest in whole or in part without penalty or premium.

Under the Promissory Note, upon the occurrence of any Event of
Default (as such term is defined in the Promissory Note), the
unpaid principal amount of, and all accrued but unpaid interest on,
the Promissory Note will become due and payable immediately at the
option of NMM.  In such event, NMM may, at its option, declare the
entire unpaid balance of the Promissory Note, together with all
accrued interest, applicable fees, and costs and charges, including
costs of collection, if any, to be immediately due and payable in
cash.

                      About Apollo Medical

Glendale, Calif.-based Apollo Medical Holdings, Inc. (OTCMKTS:AMEH)
-- http://www.apollomed.net/-- provides hospitalist services in
the Greater Los Angeles, California area.

Apollo Medical reported a net loss of $9.34 million on $44.0
million of net revenues for the year ended March 31, 2016, compared
with a net loss of $1.80 million on $33.0 million of net revenues
for the year ended March 31, 2015.

As of Sept. 30, 2016, Apollo Medical had $14.95 million in total
assets, $9.15 million in total liabilities, $7.07 million in
mezzanine equity, and a total stockholders' deficit of $1.28
million.


ARABELLA EXPLORATION: Taps T2 Land Resources as Land Consultant
---------------------------------------------------------------
Arabella Exploration, LLC seeks approval from the U.S. Bankruptcy
Court for the Northern District of Texas to hire a land
consultant.

The Debtor proposes to hire T2 Land Resources, LLC in connection
with the sale of almost all of its assets.  The services to be
provided by the firm include:

     (a) identifying, reviewing and analyzing the Debtor's assets;

     (b) preparing, validating and documenting the Debtor's
         assets;

     (c) preparation of and distribution of necessary materials,
         including teasers, confidentiality agreements, and forms
         of definitive agreements;

     (d) assisting the Debtor in identifying potential buyers;

     (e) assisting Debtor in the evaluation of bids; and

     (f) preparation of land documents and agreements to
         effectuate the sale to the buyer.

T2 Land Resources will receive a $60,000 fee due at the start of
the engagement, and $20,000 fee due monthly up and through of the
acceptance and approval by the court of the sale.

The firm will also receive a fee due and payable upon closing,
completion or consummation of the transaction during the term of
its engagement or within 12 months thereafter, as follows: (i) 5%
of the transaction with a value up to and including $10 million,
subject to a minimum fee of $400,000; or (ii) $500,000 plus 6% of
the transaction with a value that exceeds $10 million.

Travis TeSelle, managing member of T2 Land Resources, 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:

     Travis TeSelle
     T2 Land Resources, LLC
     2601 Scott Ave., Suite 201
     Fort Worth, TX 76103
     Phone: (817) 332-4900 Ext. 2250

                    About Arabella Exploration

Arabella Exploration, LLC, formed on October 2, 2009, is a
wholly-owned subsidiary of Arabella Exploration, Inc., a Cayman
Islands corporation.  The Debtor is an oil and gas exploration
company that owns working interests in a number of oil and gas
properties and interests.

The Debtor filed a voluntary petition for relief under chapter 11
of the Bankruptcy Code (Bankr. N.D. Tex. Case No. 17-40120) on
January 8, 2017. The petition was signed by Charles (Chip) Hoebeke,
manager.

The case is assigned to Judge Russell F. Nelms in Ft. Worth, Texas.
Raymond W. Battaglia, Esq. of the Law Offices of Ray Battaglia,
PLLC represents the Debtor.

At the time of filing, the Debtor estimated $1 million to $50
million in assets and liabilities. The Debtor did not include a
list of its largest unsecured creditors when it filed the
petition.

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


ARCH COAL: Moody's Assigns B1 Rating to New Secured Term Loan
-------------------------------------------------------------
Moody's Investors Service assigned a B1 rating to Arch Coal, Inc.'s
proposed new secured term loan, the proceeds of which, along with
cash on balance sheet, will be used to repay the existing term
loan. Moody's affirmed the company's corporate family rating (CFR)
of B1, probability of default rating (PDR) of B1-PD, and
speculative grade liquidity rating of SGL-2. The outlook is
stable.

Issuer: Arch Coal, Inc.

Assignments:

-- Senior Secured Bank Credit Facility, Assigned B1 (LGD4)

Affirmations:

-- Corporate Family Rating, Affirmed B1

-- Probability of Default Rating, Affirmed B1-PD

-- Speculative Grade Liquidity Rating, Affirmed SGL-2

Outlook Actions:

-- Outlook, Remains Stable

RATINGS RATIONALE

The ratings reflect the company's position as the leading producer
of metallurgical coal and second largest producer of thermal coal
in the United States. Subsequent to restructuring, the company is
left with a portfolio of ten large, well-capitalized and low-cost
mines well positioned to compete in the US coal markets. The
company's key contributors to EBITDA are the Black Thunder mine in
the Powder River Basin, expected to produce approximately 75
million tons of coal per year, and Leer metallurgical coal mine in
Appalachia expected to produce roughly 3.5 million tons per year.

The ratings reflect the company's very modest leverage
post-emergence, with $250 million in debt implying Debt/ EBITDA
ratio of roughly 1x in 2017, assuming average metallurgical coal
benchmark settlements of $175 per tonne. Ratings further reflect,
however, potential volatility in margin and increase in leverage
should coal prices retreat to the low levels observed in 2015 and
2016.

The B1 rating on the term loan, in line with the CFR, reflects the
preponderance of secured debt in the capital structure, and the
expected collateral coverage in the event of bankruptcy. The
company's capital structure is also expected to include an unrated
$175 million Asset Based Revolving Credit Facility, all of which
may be available, subject to a borrowing base, for loans and
letters of credit.

The company has good liquidity, including ample cash balance of
roughly $400 million at December 31, 2016 ($350 million pro-forma
for the proposed transaction). Moody's expects positive free cash
flows over the next twelve months at current prices. Moody's note,
however, that free cash flows could turn negative at some of the
pricing levels observed over the past two years while the industry
was in distress.

The stable outlook reflects Moody's expectations of positive free
cash flows and solid contracted position.

The ratings could be upgraded if the rate of secular decline in the
US thermal coal industry were to slow or reverse, and if
metallurgical coal markets were to show more stability and
predictability. The ratings could also be upgraded in the event of
material growth in scale and diversity.

The ratings could be downgraded if Debt/ EBITDA, as adjusted, were
to increase above 5x, if free cash flows were to turn negative, or
if liquidity were to deteriorate.

The principal methodology used in this rating was Global Mining
Industry published in August 2014.

Arch Coal is one of the largest US coal producers which operates in
all of the major US coal basins. The company's production consists
mainly of low-sulfur thermal coal from its Power River Basin mines
and thermal and metallurgical coal from Appalachia. As of September
30, 2016, the company held more than 2.4 billion tons of reserves,
and reported year-to-date revenues of $1.4 billion.


BIOSCRIP INC: Venor Capital Discloses 5.35% Equity Stake
--------------------------------------------------------
Venor Capital Management LP, Venor Capital Management GP LLC,
Jeffrey A. Bersh and Michael J. Wartell disclosed in a Schedule 13G
filed with the Securities and Exchange Commission that as of Feb.
1, 2017, they beneficially own 6,295,781 shares of common stock of
BioScrip, Inc. representing 5.35 percent of the shares
outstanding.
  
Venor Capital Management serves as investment manager or investment
adviser to the Accounts with respect to which it has voting and
dispositive authority over the Shares reported in the Schedule 13G.
Venor Capital GP is the general partner of Venor Capital
Management, and as such, it may be deemed to control Venor Capital
Management and therefor may be deemed to be the indirect beneficial
owner of the Shares reported in the Schedule 13G.  Mr. Jeffrey A.
Bersh is a managing member of Venor Capital GP and co-chief
investment officer of Venor Capital Management, and as such, he may
be deemed to control Venor Capital GP and Venor Capital Management,
respectively, and therefore may be deemed to be the indirect
beneficial owner of the Shares reported in the Schedule 13G.  Mr.
Michael J. Wartell is a managing member of Venor Capital GP and
co-chief investment officer of Venor Capital Management, and as
such, he may be deemed to control Venor Capital GP and Venor
Capital Management, respectively, and therefore may be deemed to be
the indirect beneficial owner of the Shares reported in the
Schedule 13G.

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

                     https://is.gd/zlDttO

                        About Bioscrip

Headquartered in Denver, Colo., BioScrip, Inc., is a national
provider of home infusion services.  The company's clinical
management programs and services provide access to prescription
medications for patients with chronic and acute healthcare
conditions, including gastrointestinal abnormalities, infectious
diseases, cancer, pain management, multiple sclerosis, organ
transplants, bleeding disorders, rheumatoid arthritis, immune
deficiencies and heart failure.

As of Sept. 30, 2016, Bioscrip had $595.40 million in total assets,
$550.05 million in total liabilities, $2.38 million in series A
convertible preferred stock, $67.24 million in series C convertible
preferred stock and a total stockholders' deficit of $24.28
million.

Bioscrip reported a net loss attributable to common stockholders of
$309.51 million in 2015, a net loss attributable to common
stockholders of $147.7 million in 2014, and a net loss attributable
to common stockholders of $69.65 million in 2013.

                          *    *    *

In November 2016, S&P Global Ratings lowered its corporate credit
rating on home infusion services provider BioScrip Inc. to 'CCC'
from 'CCC+' and revised the outlook to developing from stable.
"The downgrade reflects our belief that the company could face a
liquidity event within 12 months if it is unable to rapidly improve
profitability; moreover, given the company's lowered guidance, its
meaningful EBITDA shortfall in the third quarter, and its pattern
of falling short of its expectations, our confidence in the
company's ability to execute on its cost-cutting and other
strategic initiatives is limited," said credit analyst Elan Nat.

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


BLUFF CITY SHEET: Shelby County Tries to Block Disclosures OK
-------------------------------------------------------------
Shelby County Trustee and City of Memphis filed with the U.S.
Bankruptcy Court for the Western District of Tennessee an objection
to Bluff City Sheet Metal, Inc.'s disclosure statement referring to
the Debtor's plan of reorganization.

According to the County, the Disclosure Statement does not contain
"adequate information".  The County complains that:

     1. the Disclosure Statement fails to provide sufficient
        information as to the Debtor's ability to make the
        proposed payments on the pre-petition ad valorem taxes
        owed by Debtor to the County and the City;

     2. due to the amount of money owed the County and the City
        object to the payment period of 60 months proposed by the
        Debtor, County and City would proposed that the claims be
        paid over 36-month period at 12% interest rate;

     3. the Disclosure Statement fails to provide sufficient
        information to enable the County and the City to evaluate
        the feasibility of the proposed Plan.  The Statement
        contains insufficient data as to projected revenue, cash
        flow, etc. that Debtors reasonably expect to use for
        payment of property taxes;

     4. the Disclosure Statement is unclear as to the inclusion of

        accrual of interest during the entire Plan;

     5. the Disclosure Statement fails to properly identify the
        taxes as being secured;

     6. Shelby County and City of Memphis reserve the right to
        supplement, amend, or modify its objection to the
        Disclosure Statement at the hearing on approval of the
        Disclosure Statement; and

     7. if the Court approves the Disclosure Statement, Shelby
        County and City of Memphis reserve the right to assert any

        and all arguments which may exist in opposition to
        confirmation of any plan of reorganization submitted to
        the Court.

As reported by the Troubled Company Reporter on Jan. 20, 2017, the
Debtor filed with the Court its proposed plan to exit Chapter 11
protection.  Under the restructuring plan, Class 6, which is
comprised of general unsecured claims in the total amount of $1.25
million, will be paid from the company's operating revenue on a
quarterly basis.

The County is represented by:

     Gregory Gallagher, Esq.
     Delinquent Tax Attorney for
     Shelby County Trustee
     P.O. Box 2751
     Memphis, TN 38101
     Tel: (901) 327-4243
      Cell: (901) 870-4300

                      About Bluff City

Bluff City Sheet Metal, Inc., is a commercial HVAC contractor,
working as a sub-contractor to general contractors.

Bluff City Sheet Metal, Inc., sought Chapter 11 protection (Bankr.
W.D. Tenn. Case No. 16-24627) on May 17, 2016, and is represented
by John L. Ryder, Esq., at Harris Shelton Hanover Walsh, PLLC, in
Memphis.  At the time of the filing, the Debtor estimated its
assets and liabilities in the range of $1 million to $10 million.

On June 7, 2016, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.


CAMBER ENERGY: Completes Permian Basin Acquisition
--------------------------------------------------
Camber Energy, Inc. has completed the previously-announced
acquisition of a leasehold position in the Permian Basin in Texas.

In December 2016, Camber Energy formed an area of mutual interest
with a privately-held, Houston, Texas-based oil and gas holding
company in the Central Basin Platform of the Permian Basin,
targeting approximately 20,000 net mineral acres for acquisition.
The initial leasehold is comprised of 16,322 gross, or 3,630 net,
mineral acres.  With this transaction, Camber now owns a 90%
working interest in the properties and the ability to access to the
Partner's regional, technical database, including its core sample
and log libraries.  The Company paid $1.43 million for the initial
leasehold and will have operation control of the properties.

Upon completion of its due diligence and proof of concept, the
Company selected this transaction to open a new core area targeting
the San Andres formation.  The San Andres is found at relatively
shallow depths, averaging 4,800 feet, and has produced
approximately 6 billion barrels of oil, of which two billion
barrels have been produced from the Central Basin Platform.  Since
the first horizontal well was drilled in the Residual Oil Zone of
the San Andres in 2014, over 100 wells have been drilled to date.

The San Andres has similar attributes to the Company's de-watering
Hunton play in Oklahoma, and a recent technical article regarding
the de-watering and de-pressuring of relatively high water
saturated carbonates outlines this concept (please refer to
https://www.spe.org/en/jpt/jpt-article-detail/?art=2617.)  This
process, pioneered by our Chairman, Richard N. Azar, while at Altex
Resources, is used to produce large quantities of oil and gas from
the Hunton formation, and is now being applied to the horizontal
San Andres in the Permian Basin's Central Basin Platform.

"We are pleased to have finalized this transaction for our Company,
which solidifies our entry into the prolific Permian Basin in a way
that is technically consistent with our internal competencies,"
said Anthony C. Schnur, chief executive officer of Camber Energy.
"We believe that we have certain advantages in initiating a
development program in the San Andres, and the Company plans to
apply its 20-plus year knowledge of the Hunton development and
evolutionary production techniques to the San Andres formation
where we expect to grow our leasehold position. We have already
identified multiple locations on which to expand our leasehold
position beyond this initial commitment, and we plan to commence a
six-well drilling program in late 2017 should our leasing efforts
stay on track.  This transaction positions Camber Energy for a
high-growth trajectory, following the prolonged industry downturn.
We remain committed to building shareholder value through field
re-development, exploitation, drilling and strategic asset
acquisitions."

To learn more about the Company and its strategy please visit its
website where it has posted an updated Investor Presentation.  The
presentation is available available at the Securities and Exchange
Commission website at https://is.gd/vjoL4t
  
                   About Camber Energy, Inc.

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

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

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

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

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


CAMBER ENERGY: Incurs $4.39 Million Net Loss in Third Quarter
-------------------------------------------------------------
Camber Energy, Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $4.39 million on $1.91 million of total revenues for the three
months ended Dec. 31, 2016, compared to a net loss of $1.02 million
on $183,705 of total revenues for the same period during the prior
year.

For the nine months ended Dec. 31, 2016, the Company reported a net
loss of $56.57 million on $2.95 million of total revenues compared
to a net loss of $3 million on $867,406 of total revenues for the
nine months ended Dec. 31, 2015.

As of Dec. 31, 2016, Camber Energy had $71.34 million in total
assets, $49.12 million in total liabilities and $22.21 million in
total stockholders' equity.

At Dec. 31, 2016, the Company's total current liabilities of $13.4
million exceeded its total current assets of $6.8 million,
resulting in a working capital deficit of $6.6 million, while at
March 31, 2016, the Company's total current liabilities of $11.1
million exceeded its total current assets of $0.6 million,
resulting in a working capital deficit of $10.5 million.  The $3.9
million decrease in the working capital deficit is primarily
related to $6.2 million in cash and restricted cash received
subsequent to March 31, 2016, together with additional receivables,
each relating to the closing of the transactions contemplated by
the Asset Purchase Agreement, which was completed in August 2016,
offset by $2.3 million in additional net borrowings and payables.

"The fiscal third quarter 2017 was the first full quarter having
absorbed the Segundo assets which closed in August, 2016.  Since
September, and throughout the quarter, we have focused on
production enhancement activity especially on the new assets. These
efforts have resulted in an approximate 20% increase in our
existing production rate to 1,054 BOE/day for the month of December
2016," said Anthony C. Schnur, chief executive officer of Camber
Energy.  "While our quarterly results benefited from a full-
contribution from the assets acquired in the Segundo transaction,
we also incurred transaction related one-time charges and field
level workover expenses which are reflected in our results.  We
expect further production improvement as we continue optimizing
existing assets and embark upon a drilling initiative.

"Camber continues to build upon our transformation to a horizontal
player in areas outside of our Oklahoma footprint, expanding our
platform of quality assets on which we can leverage our technical
and operational "de-watering" capabilities.  In January 2017, we
acquired leasehold interests in the Central Platform of the Permian
Basin, targeting the developing horizontal San Andres play.  The
San Andres formation is found at relatively shallow depths, and we
believe it has similar attributes to the Company's de-watering
Hunton play in Oklahoma.  We plan to begin drilling in the San
Andres as soon as practical in connection with our lease
acquisition strategy which, at this time, is estimated to occur in
the latter half of 2017.  This is a significant step for our
Company and the sustainability of growth into the future.

"As previously disclosed, our growth plan also includes the
development of what we own.  We have participated in two Eagle Ford
shale wells and are assessing additional drilling of this acreage.
In Oklahoma, we are in the process of preparing two locations that
we hope to drill in the first half of calendar 2017.  We continue
to seek opportunities to make acquisitions of leasehold or
production in new areas, funding permitting.  "On January 5, 2017,
we rebranded and changed our name to Camber Energy, Inc. as part of
our strategic shift to a more aggressively-focused acquirer of
assets and acreage which fundamentally changes our production mix.
We will consider strategic acquisitions that are near the region or
location of our current assets, offer attractive production and
cash flow returns, and conform to the Company's technical
proficiencies.  As we work diligently to grow the Company's
operations, we will continue to be a transaction-driven company in
order to create greater mass, scale and value," Mr. Schnur
concluded.

The Company's Quarterly Report on Form 10-Q for the quarterly
period ended Dec. 31, 2016, is available at the Securities and
Exchange Commission's website at https://is.gd/EHlP7H

                 About Camber Energy, Inc.

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

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

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

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


CHANNEL TECHNOLOGIES: Sale of Property to BAE for $800K Approved
----------------------------------------------------------------
Judge Peter H. Carroll of the U.S. Bankruptcy Court for the Central
District of California authorized Channel Technologies Group, LLC's
private sale of property to BAE Systems Information and Electronic
Systems Integration, Inc. for $800,000, in accordance with the
terms and conditions set forth in the Bill of Sale and Purchase
Agreement, dated Jan. 25, 2017.

A hearing on the Motion was held on Feb. 15, 2017 at 10:00 a.m.

The sale is free and clear of all liens, claims, interests and
encumbrances whatsoever.

The property consists of inventory, supplies, work in process,
documentation, tooling and equipment and other personal property,
files, drawings, and other intellectual property.

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

    http://bankrupt.com/misc/Channel_Technologies_189_Sales.pdf  

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

                About Channel Technologies Group

Headquartered in Santa Barbara, California, Channel Technologies
Group, LLC, designs and manufactures piezoelectric ceramics,
transducers, sonar equipment and other related products sold
primarily to military, commercial, and industrial customers in the
United States and internationally.

CTG is a privately owned California limited liability company
founded in 1959.  In 2011, CTG was acquired by BW Piezo Holdings,
LLC, a Delaware limited liability company, from Alta Properties,
Inc., f.k.a. Channel Technologies, Inc. BWP now owns 100% of CTG's
member interests. BWP is majority-owned by Blue Wolf Capital Fund
II, L.P. (the Company's pre-petition lender), which is an
investment fund managed by Blue Wolf Capital Advisors, L.P. CTG is
a member-managed LLC. Charles Miller is the manager.

CTG filed a Chapter 11 petition (Bankr. C.D. Cal. Case No.
16-11912) on Oct. 14, 2016.  The case is assigned to Judge Peter
Carroll.

The Debtor estimated $10 million to $50 million in assets and
debt.

The Debtor has engaged Jeffrey W. Dulberg, Esq., at Pachulski
Stang Ziehl & Jones LLP as bankruptcy counsel, CR3 Partners, LLC
as restructuring advisor, and Prime Clerk LLC as noticing, claims
and balloting agent.


CLIFFS NATURAL: Prices $500 Million Senior Notes Offering
---------------------------------------------------------
Cliffs Natural Resources Inc. announced that it has priced an
offering of $500 million aggregate principal amount of senior notes
due 2025 in an offering that is exempt from the registration
requirements of the Securities Act of 1933.  The Notes will bear
interest at an annual rate of 5.75 percent and will be issued at a
price of 100.00 percent of their principal amount.  The Notes will
be guaranteed on a senior unsecured basis by the Company's material
direct and indirect wholly-owned domestic subsidiaries.  The
offering is expected to close on Feb. 27, 2017, subject to
customary closing conditions.

The Company intends to use the net proceeds from the offering of
the Notes, along with a portion of the net proceeds from its
recently announced common share offering, to redeem all of its
outstanding 8.00 percent 1.5 lien senior secured notes due 2020 and
7.75 percent second lien senior secured notes due 2020.

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

                          *    *     *

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

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


COBALT INTERNATIONAL: Capital Int'l Holds 3.3% Stake
----------------------------------------------------
Capital International Investors disclosed in an amended Schedule
13G filed with the Securities and Exchange Commission that as of
Dec. 30, 2016, it beneficially owns 13,870,305 shares of common
stock of Cobalt International Energy, Inc. representing 3.3 percent
of the shares outstanding.  A copy of the regulatory filing is
available for free at https://is.gd/oT11hb

                       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.


COLONEL HOSPITALITY: Taps Durand & Associates as Legal Counsel
--------------------------------------------------------------
Colonel Hospitality, LLC seeks approval from the U.S. Bankruptcy
Court for the Northern District of Texas to hire legal counsel in
connection with its Chapter 11 case.

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

The firm will charge an hourly rate of $300 for its services.

Durand & Associates does not hold or represent any interest adverse
to the Debtor's bankruptcy estate, according to court filings.

The firm can be reached through:

     Daniel C. Durand, III, Esq.
     Durand & Associates, PC
     522 Edmonds Lane, Suite 101
     Lewisville, TX 75067
     Tel: 972-221-5655
     Email: durand@durandlaw.com
     Email: stephanie@durandlaw.com

                    About Colonel Hospitality

Dallas, Texas-based Colonel Hospitality LLC, dba Regency Hotel,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
N.D. Texas  Case No. 17-30572) on February 14, 2017.  The petition
was signed by Teja S. Khela, owner.  The case is assigned to Judge
Stacey G. Jernigan.

At the time of the filing, the Debtor disclosed $2.46 million in
assets and $4.96 million in liabilities.


CONCORDIA INTERNATIONAL: Point72 Asset Ceases to be 5% Shareholder
------------------------------------------------------------------
Point72 Asset Management, L.P., Point72 Capital Advisors, Inc.,
Cubist Systematic Strategies, LLC and Steven A. Cohen disclosed in
an amended Schedule 13G filed with the Securities and Exchange
Commission that as of Dec. 31, 2016, they have ceased to be the
beneficial owners of more than five percent of the outstanding
shares of common stock of Concordia International Corp.  A copy of
the regulatory filing is available for free at:

                   https://is.gd/1yE4Sf

                      About Concordia

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

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

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

                           *    *    *

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


CONGREGATION ACHPRETVIA: DIP Loan, Sale Proceeds to Fund Plan
-------------------------------------------------------------
Congregation Achpretvia Tal Chaim Sharhayu Shor filed with the U.S.
Bankruptcy Court for the Southern District of New York a disclosure
statement for its amended plan of liquidation, dated Feb. 13, 2017.


The Plan provides for:

   (i) the dissolution of the Debtor under New York Religious
Corporations Law ("RCL") Section 18;

  (ii) the payment of all Allowed Claims in full from the debtor in
possession financing;

(iii) the repayment of the DIP Financing to the Debtor's
postpetition lender 163 E. 69 DIP Lender, LLC, along with
post-confirmation expenses, U.S. Trustee fees and taxes from the
proceeds from the eventual sale of the Property; and

  (iv) distribution of any excess proceeds from the sale of the
Property after payment of the Congregation's debts to two discrete
charitable corporations, which will either be (i) religious
corporations under the RCL or (ii) New York or Delaware charitable
corporations under the applicable not-for profit statutes as the
Bankruptcy Court may approve in accordance with RCL Section 18.

The previous plan provides for distribution of any excess proceeds
after payment of the Congregation's debts to one or more religious,
benevolent, or charitable objects or purposes as the New York Court
may approve in accordance with Section 18 of the RCL.

Class 5, Unsecured Claims, is unimpaired under the Plan. Holders of
Class 5 unsecured claims will receive (i) a cash payment from the 
Disbursement Agent in the full amount of each holder's allowed 
unsecured claim with post-petition interest calculated at the 
federal judgment rate on the Effective Date, or as soon
thereafter as practicable after such claim becomes an allowed
unsecured claim, or (ii) such other treatment as may otherwise be
agreed to in  writing by the Debtor and the holder of such
unsecured claim or (iii) such other treatment as provided for by
the Bankruptcy Court Order.  Unsecured claims total $386,689.66,
subject to the Debtor's right to review same, and also include 163
East 69 Claim.

Funding for the Plan will be from the DIP Loan and the sale of the
Debtor's Property.

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

          http://bankrupt.com/misc/nysb16-10092-112.pdf

                About Congregation Achpretvia

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


CONTROL VALVE: Disclosures Okayed, Plan Hearing Set for March 17
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Louisiana
will consider approval of the Chapter 11 plan of reorganization of
Control Valve Specialists, Inc., at a hearing on March 17.

The hearing will be held at 10:00 a.m., at Courtroom 705, Hale
Boggs Federal Building, 500 Poydras Street, New Orleans,
Louisiana.

The court will also consider at the hearing the final approval of
the company's disclosure statement, which it conditionally approved
on Feb. 9.

The order set a March 10 deadline for creditors to cast their votes
and file their objections.

                About Control Valve Specialists

Based in Houma, Louisiana, Control Valve Specialists, Inc., is an
aftermarket parts manufacturer and supplier specializing in control
valve parts for industrial plants, refineries, and other oil and
gas companies. Robert Moate is the 100% equity owner.

Control Valve filed a Chapter 11 petition (Bankr. E.D. La. Case No.
16-12521) on Oct. 12, 2016.  Kristal M. Richard, the vice
president, signed the petition.  

The Debtor's petition estimated $500,000 to $1 million in assets
and debt.  But the balance sheet attached to the petition disclosed
$2,007,558 in assets and $3,903,113 in liabilities as of Oct. 12,
2016.

The case is assigned to Judge Jerry A. Brown.  Heller, Draper,
Patrick, Horn & Dabney, LLC and M. Bergeron & Company, CPAS, LLC
serve as the Debtor's bankruptcy counsel and accountant,
respectively.

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

On February 8, 2017, the Debtor filed its Chapter 11 plan of
reorganization and disclosure statement.  The disclosure statement
was conditionally approved on February 9, 2017.


CORNERSTONE HOMES: CPC, First Citizens Bids to Dismiss Suit Denied
------------------------------------------------------------------
In an order dated Feb. 7, 2017, which is available at
https://is.gd/6gvo6T from Leagle.com, the Hon. Paul R. Warren of
the U.S. Bankruptcy Court for the Western District of New York
denied Community Preservation Corporation's and First Citizens
National Bank's motions to dismiss causes of action alleging both
actual and constructive fraud under New York Debtor Creditor Law.

Michael H. Arnold, the Chapter 11 Trustee for Cornerstone Homes,
Inc., filed a lawsuit against several commercial lenders in
connection with loans made to the Debtor.  The Chapter 11 Trustee
claims that cash infusions provided by the Banks enabled David
Fleet, the Debtor's tarnished former principal, to operate a Ponzi
scheme by which Mr. Fleet successfully duped hundreds of
unsophisticated private investors out of millions of dollars.  The
Chapter 11 Trustee claims that the Banks knew or should have known
of the Debtor's financial insolvency, as well as its long-running
Ponzi scheme, at the time the Banks made each of the loans to the
Debtor.

Rather than answering the complaints, CPC and First Citizens have
each moved under Rule 12(b) FRCP to dismiss those causes of action
alleging both actual and constructive fraud under New York Debtor
Creditor Law.

The causes of action alleging actual and constructive fraud make up
only a portion of the many causes of action asserted in the Chapter
11 Trustee's complaints.  CPC asserts that Counts I through VIII of
the Chapter 11 Trustee's complaint should be dismissed on a variety
of legal grounds -- including failure to state a claim, absence of
standing by operation of the doctrine of in pari delicto, passage
of the statute of limitations -- and also based on a number of
factual arguments going to the merits.  First Citizens asserts that
Counts I through X of the Chapter 11 Trustee's complaint should be
dismissed for failure to state a claim, absence of standing by
operation of the doctrine of in pari delicto, and the passage of
the statute of limitations.

The Court finds that the Trustee has adequately pled the claims for
actual and constructive fraud, to survive a motion to dismiss under
Rule 12(b)(6).

The common law defense of in pari delicto -- and the related
federal rule of standing under the Wagoner rul -- do not, as a
matter of law, strip the Trustee of standing to pursue the
avoidance actions, brought under 11 U.S.C. Section 544(b), the
Court held.

As for the statute of limitations defense raised with respect to
Counts I and II of each complaint, the Court finds that questions
of fact exist concerning when the alleged fraud was or could have
been discovered -- starting the clock ticking on the statute of
limitations -- making a determination on that issue premature.

The civil proceedings are Michael H. Arnold, as Chapter 11 Trustee,
Plaintiff, v. First Citizens National Bank, Defendant and Michael
H. Arnold, as Chapter 11 Trustee, Plaintiff, v. Community
Preservation Corporation, Defendant, Case No. 16-2005, 16-2007
(Bankr. W.D.N.Y.).

Cornerstone Homes, Inc., Debtor, is represented by David D.
MacKnight, Lacy, Katzen LLP & David L. Rasmussen, Davidson Fink,
LLP.

Michael H. Arnold, Chapter 11 Trustee, is represented by Gregory J.
Mascitti, LeClair Ryan.

The Official Committee of Unsecured Creditors of Cornerstone Homes,
Inc., Creditor Committee, is represented by Michael J. Crosnicker,
LeClairRyan, A Professional Corporation.

                   About Cornerstone Homes

Cornerstone Homes Inc. is based in Corning, New York and was
engaged in the business of buying, selling and leasing single
family homes in the State of New York, with such properties
primarily located in the South Central and South Western portions
of the State.

Cornerstone Homes Inc. filed a Chapter 11 petition (Bankr. W.D.N.Y.
Case No. 13-21103) on July 15, 2013, in Rochester, New York.  The
Debtor disclosed assets of $18.6 million and liabilities of $36.2
million.

Judge Paul R. Warren presides over the case.  Curtiss Alan Johnson,
Esq., and David L. Rasmussen, Esq., at Davidson Fink, LLP, in
Rochester, N.Y., serve as the Debtor's counsel.  The Debtor has
tapped GAR Associates to appraise a selection of its properties to
support the Debtor's liquidation analysis.

The Official Committee of Unsecured Creditors is represented by
Gregory J. Mascitti, Esq., at LeClairRyan PC.  The Committee
retained Getzler Henrich & Associates LLC as financial advisor.

                           *     *     *

The Debtor sought Chapter 11 protection alongside a reorganization
plan already accepted by 96 percent of unsecured creditors' claims.
Four secured lenders with $21.8 million in claims are to be paid
in full under the plan.  Unsecured creditors -- chiefly noteholders
with $14.5 million in claims -- were to have a 7 percent recovery.

The Court has not confirmed the Debtor's Plan.  Instead, the Court
accepted the request of the Committee to appoint a Chapter 11
trustee to replace management.  The Court approved the appointment
of Michael H. Arnold, Esq., as Chapter 11 trustee.  

The Chapter 11 trustee tapped as counsel his own firm, Place and
Arnold.  LeClairRyan and Barclay Damon LLP serve as his special
counsel.

The Trustee was appointed after accusations that the principal,
David L. Fleet, operated the Debtor as a massive Ponzi scheme in
loving millions of dollars and hundreds of mostly elderly,
unsophisticated individual investor victims who shared the same
religious beliefs espoused by Fleet.

The Trustee has commenced an adversary proceeding against First
Citizens National Bank for enabling Mr. Fleet to perpetuate the
Ponzi scheme by providing bank loans.


CROFCHICK INC: Hearing on Disclosure Statement Set for April 6
--------------------------------------------------------------
Judge Robert N. Opel, II, of the U.S. Bankruptcy Court for the
Middle District of Pennsylvania will hold on April 6, 2017, at 9:30
a.m. a hearing to consider the approval of the amended disclosure
statement filed on Feb. 11, 2017, explaining Crofchick, Inc., and
Crofchick Realty, LLC's Chapter 11 plan.

Objections to the Amended Disclosure Statement must be filed by
March 20, 2017.

                     About Crofchick, Inc.

Crofchick, Inc., and Crofchick Realty, LLC, filed for Chapter 11
bankruptcy protection (Bankr. M.D. Pa. Case No. 15-03723 and
15-03724) on Aug. 30, 2015.  Tullio DeLuca, Esq., serves as the
Debtors' bankruptcy counsel.

On June 22, 2016, the Debtors each filed its Chapter 11 Small
Business Disclosure Statement and Chapter 11 Small Business Plan.


CS MINING: Oxbow Sulphur No Longer Committee Member
---------------------------------------------------
Oxbow Sulphur, Inc., is no longer a member of the official
committee of unsecured creditors of CS Mining, LLC, according to a
Feb. 15 notice filed by the Office of the U.S. Trustee with the
U.S. Bankruptcy Court in Utah.

In the same filing, the bankruptcy watchdog announced the
appointment of these creditors as new members of the committee:

     (1) Ken Bettridge Distributing, Inc.
         c/o Rand Bettridge
         386 North 100 West
         Cedar City, UT 84721
         Tel: (435) 586-2411
         Fax: (435) 586-6950
         Email: rand@kboil.net

     (2) RPS Campbell Companies, LLC
         dba Nielsen’s Arc Service
         c/o Jessie Nielsen
         4901 West 2100 South
         Salt Lake City, UT 84120
         Tel: (435) 529-6127
         Email: jnielsen@nas-co.net

         Attorney:
         Scott O. Mercer
         Scott S. Bridge
         Kesler & Rust
         68 South Main Street, Suite 200
         Salt Lake City, UT 84101
         Tel: 801-532-8000
         Email: som@keslerrust.com
         Email: sbridge@keslerrust.com   

                         About CS Mining LLC

CS Mining, LLC, is a mining and processing company headquartered in
Milford, Utah.

Purported creditors R.J. Bayer Professional Geologist, LLC;
Minerals Advisory Group, LLC; Rollins Construction & Trucking, LLC;
Rollins Machine, Inc.; and Oxbow Sulphur, Inc., filed an
involuntary petition to put the Company into Chapter 11 bankruptcy
(Bankr. D. Utah Case No. 16-24818) on June 2, 2016.  Brahma Group,
Inc. subsequently joined the petition.

On August 4, 2016, the Debtor filed its Notice of Filing Letter to
the Consent and Proposed Form of Order, together with a proposed
form of Order for Relief, which Order was entered by the Court on
the Relief Date.  Pursuant to the Order for Relief, CS Mining
continues to operate its business and manage its properties as a
debtor-in-possession pursuant to Chapter 11 of the Bankruptcy
Code.

Judge William T. Thurman presides over the case.

The Petitioners are represented by Martin J. Brill, Esq., at
Levene, Neale, Bender, Yoo & Brill L.L.P and George B. Hofmann,
Esq., at Cohne Kinghorn PC.

CS Mining tapped Snell & Wilmer L.L.P. as local counsel, and Pepper
Hamilton LLP as its legal counsel, nunc pro tunc to June 2, 2016.
FTI Consulting, Inc. as restructuring advisor. Epiq Bankruptcy
Solutions, LLC as claims and noticing agent.

The U.S. Trustee on August 12 appointed an Official Committee of
Unsecured Creditors.  The Committee hired Levene, Neale, Bender,
Yoo & Brill L.L.P. as lead counsel and Cohne Kinghorn as local
counsel.


CUMULUS MEDIA: Greywolf Event Holds 8.5% of Class A Shares
----------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Greywolf Event Driven Master Fund, Greywolf Capital
Management LP, Greywolf GP LLC and Jonathan Savitz disclosed that
as of Dec. 31, 2016, they beneficially owned 2,500,000 shares  
Class A common stock, par value $0.01 per share, of Cumulus Media
Inc. representing 8.55 percent of the shares outstanding.  A
full-text copy of the regulatory filing is available for free at:

                     https://is.gd/05I0bU

                      About Cumulus Media

Atlanta, Georgia-based Cumulus Media Inc. --
http://www.cumulus.com/-- is a radio broadcasting company.  The   

Company is also a provider of country music and lifestyle content
through its NASH brand, which serves through radio programming,
NASH Country Weekly magazine and live events.  Its product lines
include broadcast advertising, digital advertising, political
advertising and non-advertising based license fees.  Its broadcast
advertising includes the sale of commercial advertising time to
local, national and network clients.  Its digital advertising
includes the sale of advertising and promotional opportunities
across its Websites and mobile applications.  Its across the nation
platform generates content distributable through both broadcast and
digital platforms.

Cumulus Media put AR Broadcasting Holdings Inc. and three other
units to Chapter 11 protection (Bankr. D. Del. Lead Case No.
11-13674) in 2011 after struggling to pay off debt that topped
$97 million as of June 30, 2011.

Cumulus Media reported a net loss attributable to common
shareholders of $546 million on $1.16 billion of net revenue for
the year ended Dec. 31, 2015, compared to net income attributable
to common shareholders of $11.8 million on $1.26 billion of net
revenue for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Cumulus Media had $3.05 billion in total
assets, $2.99 billion in total liabilities and $51.39 million in
total stockholders' equity.

                          *     *     *

In December 2016, S&P Global Ratings lowered its corporate credit
ratings on Cumulus Media Inc. and its subsidiary Cumulus Media
Holdings Inc. to 'CC' from 'CCC'.  The rating outlook is negative.
"The downgrade follows Cumulus' announcement that it has offered to
exchange its 7.75% senior notes due 2019 for debt and common stock
in the company," said S&P Global Ratings' credit analyst Jeanne
Shoesmith.

In March 2016, Moody's Investors Service downgraded Cumulus Media
Inc.'s Corporate Family Rating to 'Caa1' from 'B3' and Probability
of Default Rating to 'Caa1-PD' from 'B3-PD'.  Cumulus' 'Caa1'
Corporate Family Rating reflects the company's excessive leverage
with debt-to-EBITDA exceeding 9.5x (including Moody's standard
adjustments) and Moody's revised expectation that debt-to-EBITDA
will remain elevated over the next 12 months due to continued
declines in network revenue and increased operating expenses more
than offsetting the benefits from an expected increase in station
group revenue and political ad sales in 2016.


DCP MIDSTREAM: Fitch Affirms Then Withdraws 'BB+' LT IDRs
---------------------------------------------------------
Fitch Ratings has affirmed and withdrawn DCP Midstream LLC's
Long-Term Issuer Default Rating (IDR) at 'BB+' with a Stable
Outlook.

Effective Dec. 31, 2016, Midstream contributed all of its assets to
DCP Midstream Partners, LP (DPM), plus $424 million of cash, in
exchange for $1.125 billion in DPM common units and DPM has assumed
$3.15 billion of Midstream debt. The combined entity was renamed
DCP Midstream, LP (ticker: DCP) on Jan. 23, 2017. DCP is now the
named obligor on Midstream's legacy debt.

Fitch is withdrawing Midstream's long-term issuer rating due to the
asset contribution to and debt assumption by DCP as part of the
issuers' reorganization. Midstream's legacy senior unsecured and
junior subordinated debt ratings will be under DCP Midstream, LP.
Accordingly, Fitch will no longer provide ratings or analytical
coverage for DCP Midstream, LLC.

Fitch currently rates DCP as follows:

-- Long-Term IDR at 'BB+';
-- Senior unsecured at 'BB+/RR4';
-- Junior subordinated notes at 'BB-/RR6'.

The Rating Outlook is Stable.

RATING SENSITIVITIES

Rating Sensitivities are not applicable as the ratings have been
withdrawn.

FULL LIST OF RATING ACTIONS

Fitch affirms and withdraws the following:

-- Long-Term IDR at 'BB+'


DIGIPATH INC: Incurs $126K Net Loss in First Quarter
----------------------------------------------------
Digipath, Inc. filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss of $126,160
on $305,149 of revenues for the three months ended Dec. 31, 2016,
compared to a net loss of $1.73 million on $32,144 of revenues for
the same period in 2015.

As of Dec. 31, 2016, Digipath had $1.42 million in total assets,
$189,573 in total liabilities and $1.23 million in total
stockholders' equity.

"As of December 31, 2016, our balance of cash on hand was $163,338.
We currently may not have sufficient funds to sustain our
operations for the next twelve months and we may need to raise
additional cash to fund our operations and expand our lab testing
business.  As we continue to develop our lab testing business and
attempt to expand operational activities, we expect to continue to
experience net negative cash flows from operations in amounts not
now determinable, and will be required to obtain additional
financing to fund operations through common stock offerings to the
extent necessary to provide working capital.  We have and expect to
continue to have substantial capital expenditure and working
capital needs.

"The Company has incurred recurring losses from operations
resulting in an accumulated deficit, and, as set forth above, the
Company's cash on hand is not sufficient to sustain operations.
These factors raise substantial doubt about the Company’s ability
to continue as a going concern.  Management is actively pursuing
new customers to increase revenues.  In addition, the Company is
currently seeking additional sources of capital to fund short term
operations.  In the event sales do not materialize at the expected
rates, management would seek additional financing or would attempt
to conserve cash by further reducing expenses.  There can be no
assurance that we will be successful in achieving these objectives,
becoming profitable or continuing our business without either a
temporary interruption or a permanent cessation.  In addition,
additional financing may result in substantial dilution to existing
stockholders," the Company said in the filing.

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

                       https://is.gd/Jqg9pq

                          About DigiPath

DigiPath, Inc., was incorporated in Nevada on Oct. 5, 2010.
DigiPath and its subsidiaries support the cannabis industry's best
practices for reliable testing, cannabis education and training,
and brings unbiased cannabis news coverage to the cannabis
industry.

Digipath reported a net loss of $3.69 million on $818,583 of
revenues for the year ended Sept. 30, 2016, compared to a net loss
of $4.33 million on $16,084 of revenues for the year ended Sept.
30, 2015.

Anton & Chia, LLP, in Newport Beach, CA, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Sept. 30, 2016, citing that the Company has recurring losses
and insufficient working capital, which raises substantial doubt
about its ability to continue as a going concern.


DOTS LLC: Summary Judgment Bids in "Factors" Clawback Suits Denied
------------------------------------------------------------------
Judge Michael B. Kaplan denied Dots, LLC's motion for summary
judgment in the adversary proceedings captioned Dots, LLC,
Plaintiff, v. Milberg Factors, Inc., Defendant; Dots, LLC,
Plaintiff, v. Finance One, Defendant, Adv. Pro. No. 14-01818
(MBK)., 14-01826 (MBK) (Bankr. D.N.J.).

Two complaints were brought by Dots against Finance One, Inc., and
Milberg Factors, Inc. (collectively, the "Factors"), seeking the
recovery of prepetition transfers on the basis that the transfers
were preferential transfers, recoverable under 11 U.S.C. section
547(b).  The defendants asserted that the transfers are not
voidable because they have valid affirmative defenses under section
547(c). Dots moved for partial summary judgment in its favor,
arguing that the transfers are preferential payments to which no
affirmative defenses apply.

The parties agreed that the transfers were payments made to
creditors on account of an antecedent debt, on or within 90 days
before the date the petition was filed, which allowed the creditors
to receive more than such creditor would have received if the
payments had not been made and the creditors stood with other
unsecured creditors.

For purposes of the motion, Judge Kaplan was satisfied that Dots
has established, by a preponderance of the evidence, each of the
statutory elements of a preference for the transfers at issue.  The
judge found, however, that in order to determine whether the
transactions in the case were made pursuant to ordinary business
terms of the creditor's industry, the Court must have a more
comprehensive understanding of the industry in which these parties
operated.  For this reason, the judge held that a more extensive
factual record is needed and Dots is not entitled to summary
judgment.

Judge Kaplan also found that the Factors did provide new value to
Dots in the form of goods.  Accordingly, the judge held that the
Factors may assert an affirmative defense under section 547(c)(4),
and Dots is not entitled to summary judgment on this issue.

The bankruptcy case is In Re: Dots, LLC., Chapter 11, Debtor, Case
No. 14-11016 (MBK) (Bankr. D.N.J.).

A full-text copy of Judge Kaplan's January 10, 2017 memorandum
decision is available at https://is.gd/BcpfSf from Leagle.com.

Dots, LLC is represented by:

          David M. Banker, Esq.
          Gerald C. Bender, Esq.
          Wojciech F. Jung, Esq.
          Kenneth A. Rosen, Esq.
          LOWENSTEIN SANDLER LLP
          1251 Avenue of the Americas
          New York, NY 10020
          Tel: (212)262-6700
          Fax: (212)262-7402
          Email: dbanker@lowenstein.com  
                 gbender@lowenstein.com
                 wjung@lowenstein.com
                 krosen@lowenstein.com

            -- and --
                 
          Andrew Behlmann, Esq.
          Bruce D. Buechler, Esq.
          LOWENSTEIN SANDLER LLP
          65 Livingston Avenue
          Roseland, New Jersey 07068
          Tel: (973)597-2500
          Fax: (973)597-2400
          Email: abehlmann@lowenstein.com
                 bbuechler@lowenstein.com

            -- and --

          Joseph J. DiPasquale, Esq.
          Joshua H. Raymond, Esq.
          Thomas Michael Walsh, Esq.
          TRENK, DIPASQUALE ET AL
          347 Mount Pleasant Avenue, Suite 300
          West Orange, NJ 07052
          Tel: (973)243-8600
          Fax: (973)243-8677
          Email: jdipasquale@trenklawfirm.com
                 jraymond@trenklawfirm.com
                 twalsh@trenklawfirm.com

            -- and --

          Eric H. Horn, Esq.
          VOGEL BACH & HORN, LLP
          1441 Broadway, 5th Floor
          New York, NY 10018
          Tel: (212)242-8350
          Fax: (646)607-2075
          Email: ehorn@vogelbachpc.com

United States Trustee, U.S. Trustee, is represented by:

          Martha R. Hildebrandt, Esq.
          Donald F. MacMaster, Esq.
          U.S. DEPARTMENT OF JUSTICE
          One Newark Center
          1085 Raymond Boulevard, Suite 2100
          Newark, NJ 07102
          Tel: (973)645-3014
          Fax: (973)645-5993

Weingarten Realty Investors, Creditor Committee, is represented
by:

          Robert L. LeHane, Esq.
          KELLEY DRYE & WARREN LLP
          101 Park Avenue
          New York, NY 10178
          Tel: (212)808-7800
          Fax: (212)808-7897
          Email: rlehane@kelleydrye.com

Proposed Counsel to the Official Committee of Unsecured Creditors,
Creditor Committee, is represented by:

          John A. Bougiamas, Esq.
          Jessica M. Ward, Esq.
          OTTERBOURG STEINDLER HOUSTON & ROSEN PC
          230 Park Avenue
          New York, NY 10169-0075
          Tel: (212)661-9100
          Fax: (212)682-6104
          Email: jbougiamas@otterbourg.com
               
                         About DOTS LLC

Dots is a retailer of fashionable clothing, accessories, and
footwear for price-conscious women.  Dots provides missy and plus
size choices to fashion savvy 25 to 35 year old women at
approximately 400 retail stores throughout the Midwest, East, and
South United States.  Dots' workforce includes 3,500 individuals
in their stores, distribution center, and corporate headquarters.

Dots, LLC, and its affiliates sought bankruptcy protection under
Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Lead Case No.
14-11016) on Jan. 20, 2014, to sell some or all of their assets.

Lowenstein Sandler LLP serves as counsel to the Debtors.
PricewaterhouseCoopers LLP is financial advisor and investment
banker.  Donlin, Recano & Company, Inc., is the claims and notice
agent.

As of the Petition Date, the Debtors have outstanding secured debt
owed to senior lender Salus Capital Partners, LLC, of which $14.5
million remains outstanding under a revolving facility and $16.1
million is owed under a term facility.  The Debtors also have not
less than $17 million outstanding under subordinated term loan
agreements with Irving Place Capital Partners III L.P. ("IPC") and
related entities.  Moreover, the Debtors have aggregate unsecured
debts of $47.0 million.  The Debtors disclosed $51,574,560 in
assets and $85,442,656 in liabilities as of the Chapter 11 filing.

Salus, the prepetition senior lender and the DIP lender, is
represented by Morgan, Lewis & Bockius, LLP.  The prepetition
subordinated lenders are represented by Okin Hollander & DeLuca,
LLP.

The Company has arranged to borrow $36 million to keep operating as
it reorganizes under court protection.

Otterbourg P.C. serves as counsel to the Official Committee of
Unsecured Creditors; and FTI Consulting, Inc., serves as its
financial advisor.


EASTERN OUTFITTERS: U.S. Trustee Forms 7-Member Committee
---------------------------------------------------------
Andrew Vara, acting U.S. trustee for Region 3, on Feb. 15 appointed
seven creditors of Eastern Outfitters, LLC, to serve on the
official committee of unsecured creditors.

The committee members are:

     (1) Under Armor Inc.
         Attn: Kimberly Troast
         2901 Port Covington Dr.
         Baltimore, MD 21230
         Phone: 410-454-6589

     (2) Wolverine Worldwide, Inc.
         Attn: Stephanie Rectenwal
         9341 Courtland Dr. NE
         Rockford, MI 49351
         Phone: 616-863-4234
         Fax: 800-888-6142

     (3) VF Outdoor, LLC
         Attn: Lisa Long
         P.O. Box 1817
         Appleton, WI 54912-1817
         Phone: 920-735-8333
         Fax: 920-735-1929

     (4) CVS Pharmacy, Inc.
         Attn: Chris Willis
         One CVS Dr., Mail Code 1160
         Woonsocket, RI 02895
         Phone: 401-770-3182
         Fax: 401-216-0028

     (5) Valassis, Inc.
         Attn: R. Michelle Pinckney
         One Targeting Centre
         Windsor, CT 06095
         Phone: 860-602-3692

     (6) Carhartt, Inc.
         Attn: Robert Hanus
         5750 Mercury Drive
         Dearborn, MI 48126
         Phone: 313-749-6716
         Fax: 313-253-1625

     (7) K2 Corporation
         Attn: Brian Johnson
         413 Pine Street, Suite 300
         Seattle, WA 98101
         Phone: 800-426-1617 x1267
         Fax: 206-805-4809

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense. They may investigate the debtor's business and financial
affairs. Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.

                    About Eastern Outfitters

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

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

Judge Laurie Selber Silverstein presides over the cases.

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

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

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

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


EXCELLENCE HOLDING: Can Continue Using Cash Until Feb. 24
---------------------------------------------------------
Judge Roberta A. Colton of the U.S. Bankruptcy Court for the Middle
District of Florida authorized Excellence Holding, LLC, to use cash
collateral on an interim basis until Feb. 24, 2017.

The Debtor was authorized to use cash collateral to pay: (a)
amounts expressly authorized by the Court, including payments to
the U.S. Trustee for quarterly fees; (b) the current and necessary
expenses through February 24, 2017, as set forth in the Budget; and
(c) such additional amounts as may be expressly approved in writing
by A&D Mortgage.

The approved Budget reflects total operating expenses of $25,812
for the month of February 2017.

The Debtor was directed to grant A&D Mortgage access to Debtor's
business records and premises for inspection. The Debtor was also
directed to maintain insurance coverage for its property in
accordance with the obligations under the loan and security
documents with A&D Mortgage.

Each creditor with a security interest in cash collateral will have
a perfected post-petition lien against cash collateral to the same
extent and the same validity and priority as the prepetition lien.

A full-text copy of the Order, dated February 14, 2017, is
available at https://is.gd/B6cxsQ


                    About Excellence Holding

Excellence Holding, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 16-07750) on Nov. 29,
2016.  The petition was signed by Abderrazak Boughanmi, authorized
representative.  At the time of the filing, the Debtor estimated
assets of less than $50,000 and liabilities of less than $500,000.

The Debtor is represented by Michael E. Golub, Esq., at Michael E.
Golub, P.A.  The Debtor engaged management company, Irlo Bronson
LLC, as manager.

The Debtor hired Hurley, Rogner, Miller, Cox & Waranch, P.A., as
special counsel, to represent the Debtor in a lawsuit involving
homeowners association 2050 Condotel Inn Condominium Association,
Inc.

The Debtor hired Success Investment Realty to market and sell its
real property located at 2050 East Irlo Bronson Memorial Highway,
Kissimmee, Florida.

The U.S. Trustee is unable to appoint a committee of unsecured
creditors.


EXCO RESOURCES: V. Prem Watsa Reports 9.8% Stake as of Dec. 31
--------------------------------------------------------------
V. Prem Watsa, 1109519 Ontario Limited, The Sixty Two Investment
Company Limited, et al., reported in an amended Schedule 13G filed
with the Securities and Exchange Commission that as of Dec. 31,
2016, they beneficially owned 27,538,912 shares of common stock of
EXCO Resources, Inc. representing 9.8 percent of the shares
outstanding.  A full-text copy of the regulatory filing is
available for free at https://is.gd/nCOcon

                      About EXCO Resources

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

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

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

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

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

                           *    *    *

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

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


EXO U: Files NOI Under the Bankruptcy and Insolvency Act
--------------------------------------------------------
EXO U Inc. announced Feb. 10, 2017, that it has filed a Notice of
intention to Make a Proposal pursuant to the Bankruptcy and
Insolvency Act (NOI), seeking protection from its creditors.  As a
consequence of such filing, any and all recourses of EXO U's
creditors are stayed for an initial period of 30 days.

Considering its current situation, the Corporation had no choice
but to considerably scale down its operations and lay off certain
employees until a final solution is identified.  In this regard,
the Chief Executive Officer (Mr. Jim Kirchner), President (Mr. Shan
Ahdoot) and Chief Financial Officer (Mr. Doug McCollam) have handed
in their immediate resignations, but Mr. Kirchner and Mr. Ahdoot
will continue their duties as directors with the Board of
Directors.

EXO U has retained the services of Richter Advisory Group Inc.
(represented by Gilles Robillard, CPA, CA, CIRP, LIT) to act as its
trustee in connection with the NOI.

The Corporation will provide further updates as the process
evolves.

While under the protection of its creditors, EXO U's Board of
Directors will maintain its usual role.

EXO U Inc. (CVE:EXO) -- http://www.exou.com/-- develops software
as a service platform, which enables businesses and educational
institutions to mobilize and manage their mobile workforce and
students on desktop and mobile applications. The Company operates
through operating system software and licensing industry segment.
Its products include Ormiboard, Ormi k12 and Ormi U. Its Ormi
enables teachers to control what student access in the classroom.
It also provides lesson organization and cloud storage for school
wide/network wide collaboration. Its Ormiboard is a visual creation
tool that allows users to build lessons, activities and interactive
games managed for whiteboards, projectors and panel displays. The
Ormiboard is available in over two editions, which include
Ormiboard pro and Ormiboard go. Its Ormiboard pro is designed for
schools and districts, and delivered as a downloadable or
pre-installed software. Its Ormiboard go is designed for teachers
to access on any device through Web browser.


FANSTEEL INC: To Become WDC Subsidiary After Debt-Equity Conversion
-------------------------------------------------------------------
Wellman Dynamics Machinery & Assembly Inc. filed with the U.S.
Bankruptcy Court for the Southern District of Iowa a first amended
disclosure statement dated Feb. 16, 2017, referring to the Debtor's
plan of reorganization.

Fansteel will become a subsidiary of WDC upon the conversion of its
inter-company debt owed to WDC into equity.  A reasoned analysis of
the cause of the bankruptcy in 2003 and the current bankruptcy case
is that the company performance was not sufficient to meet the
financial and funding obligations of FMRI.  The Debtors are
reorganizing the business organizational structure with a debt to
equity conversion of inter-company debt owed by Fansteel to WDC and
moving WDC to the top of the organizational structure, with WDC as
the consolidating parent entity.  FMRI will become the wholly-owned
subsidiary of Fansteel and FMRI funding will be provided from a
subset of Fansteel EBITDA.  With this structure, future WDC
earnings will not be required or compelled to leave WDC for the
benefit of subsidiary entities.

Class 6 Allowed Claims filed by the Pension Benefit Guaranty
Corporation relating to the Wellman Dynamics Corporation Salaried
Employees Retirement Plan are expected to receive $6,995,929.89.
The Class 6 Claim will be treated and paid through the WDC Plan of
Reorganization.  Should WDC fail to make any of the WDC Class 14
claims payments, WMDA and, or, Fansteel will pay the balance owed.
This class is impaired by the Plan.

Class 5 Allowed General Unsecured Claims are expected to receive
$81,535.87.  Each claim holder to receive a dividend, in cash, in
deferred quarterly payments, with the first payment being on the
Effective Date, and subsequent payments within ninety days
thereafter, for a period not to exceed five years from and after
the Effective Date, unless claim holders elect to receive 30% of
their allowed claim paid in cash on the Effective Date in complete
satisfaction of their allowed claim.

The Debtor intends to fund its Plan through a New Senior Secured
Credit Facility and a New Value Equity Investment Cash.  It is also
planned for the Debtor to be sold or substantially all of its
assets sold as a going concern.

The Debtor will receive a corresponding share of the New Senior
Secured Credit Facility to facilitate meeting its payment
obligations under the Plan on the Effective Date.  The Debtors have
identified The Huntington National Bank to provide its New Senior
Secured Credit Facility.  Huntington Bank will provide the Debtors
with $30,000,000 in exit financing and for working capital and
other general corporate purposes including letters of credit on or
before the Effective Date.  The Term Sheet reflects a bona fide
offer already approved by Huntington Bank's loan committee and the
Term Sheet will be memorialized in a commitment letter the week of
Feb. 20, 2017, which will include signatures of the Debtor and bank
representatives and an initial payment to begin due diligence.

The Debtor will also receive a corresponding share of the New Value
Equity Investment Cash to facilitate meeting its payment
obligations under the Plan on the Effective Date.  510 Ocean Drive
has committed to providing the New Value Equity Investment Cash.
510 Ocean Drive is an entity in which Leonard Levie and Brian
Cassady used to purchase a debt obligation from the PBGC from the
Debtors' first bankruptcy in 2003.  The PBGC had a lien against all
of the property, plant, and equipment of Intercast.  The debt note
had a face value that was in excess of the property, plant, and
equipment at Intercast.  When the debt note that was purchased by
510 Ocean Drive became due, Fansteel was unable to pay it.  As
forbearance for the owners of the note not foreclosing the debt on
Intercast, 510 Ocean Drive asked for improved security and at that
time, a lien was placed against the property in Creston, Iowa.
Because Fifth Third Bank did not perfect its lien on the Creston
property, 510 Ocean Drive became the first and senior secured lien
holder on the Creston property.  Shortly after 510 Ocean Drive
perfected its lien on the Creston property, William Beiber
domesticated his lien interest on the Creston property and became
the second secured lien holder on the Creston property, followed by
Fifth Third Bank's interest.

510 Ocean Drive is a secured creditor of the Debtors, holding a
secured claim in the amount of $6,153,485.23 as of Sept. 13, 2016,
with interest accruing at the rate of 8% per annum.  The debt
obligation owed by the Debtors to 510 Ocean Drive is secured by
personal property of all three Debtors and a mortgage on certain
real estate owned by WDC in Creston, Iowa.

The Plan provides for $4,000,000 of 510 Ocean Drive's secured claim
to be cancelled and converted into equity in Reorganized Debtor
WDC.  WDC will hold the equity in Reorganized Debtor Fansteel.  The
remaining portion of 510 Ocean Drive's secured claim will continue
accruing interest at 8% and will be subordinated to the New Senior
Secured Credit Facility, Mr. Bieber, and the interests of the
Collateral Trust and no payments will be made until all of the
other Classes are satisfied.  Further, Mr. Levie's equity interest
in Fansteel will be cancelled as of the Effective Date without any
payment.  The equity of Fansteel is currently owned by Mr. Levie,
personally and through various trusts by Mr. Levie, holding a
super-majority.  The remaining equity of Fansteel is currently
owned by Brian Cassady and unidentified shareholders totaling less
than 8% of the total shares outstanding.

In consideration of 510 Ocean Drive's commitment to provide
$7,000,000 in new cash to the Reorganized Debtors and agreement to
cancellation and subordination of its secured claim and
cancellation of its existing equity interests, the Plan provides
for a transfer to 510 Ocean Drive of all of the Debtors' rights and
interests in certain causes of action against TerraMar Capital and
its officers, directors and affiliates related to or in connection
with the NonDisclosure Agreement executed by Fansteel and TerraMar
Capital pre-petition.  This assignment of the causes of action
against TerraMar to 510 Ocean Drive is beneficial to 510 Ocean
Drive as it believes that its members have been harmed by TerraMar
and Josh Phillips.

On the Effective Date, 510 Ocean Drive will deposit the New Value
Equity Investment Cash with the Reorganized Debtor WDC to enable
all three Reorganized Debtors to make those Distributions required
under each respective Plan.  The cash deposited will be kept in a
special account established for the exclusive purpose of making
those Distributions required under all three respective Plans.
After the organizational restructuring, 510 Ocean Drive will be the
majority shareholder of Reorganized Debtor WDC and Mr. Levie will
be the majority member of 510 Ocean Drive.

The Plans provide for the reorganization of WDMA as part of the
reorganization of the Debtors' business operations, even though
WDMA has a negative cash flow.  WDMA has underperformed from a lack
of attention from the parent company.  WDMA holds a substantial
portion of TCTM collateral and the Debtors do not intend to sell
WDMA until after performance has been improved, a track record of
profitability has been established, and the Debtors locate a
strategic buyer.  Once performance has improved and a track record
for profitability has been established, it is reasonable to assume
that a strategic buyer will pay at least the book value of the
business, which is approximately $1.5 million in accounts
receivable, $4.5 million in inventory, and $1 million in machinery
at an orderly liquidation value.  It is not feasible to sell WDMA
presently as there is too much debt owed to TCTM.  The Debtor
believes that WDMA has the potential to be high-performing.  It
does not need more capital investment, it merely needs management
attention.  The Debtor intends to use the collateral in WDMA as
collateral for the New Senior Secured Credit Facility loan to pay
off the amount owed to TCTM.

The First Amended Disclosure Statement is available at:

           http://bankrupt.com/misc/iasb16-01827-70.pdf

As reported by the Troubled Company Reporter on Jan. 19, 2017, WDC
filed with the Court a disclosure statement dated Jan. 11, 2017,
referring to the Debtor's plan of reorganization dated Jan. 11,
2017.  Each holder of Class 13 Allowed General Unsecured Claims --
estimated to total $6,398,440 -- will receive a dividend, in cash,
in deferred quarterly payments, with the first payment being on the
Effective Date, and subsequent payments within 90 days thereafter,
for a period not to exceed five years from and after the Effective
Date, unless claim holders elect to receive 30% of their allowed
claim paid in cash on the Effective Date in complete satisfaction
of their allowed claim.

The Plan was filed by the plan propoonent's counsel:

     Jeffrey D. Goetz, Esq.,
     Krystal R. Mikkilineni, Esq.
     BRADSHAW, FOWLER, PROCTOR & FAIRGRAVE, P.C.
     801 Grand Avenue, Suite 3700
     Des Moines, IA 50309-8004
     Tel: (515) 246-5817
     Fax: (515) 246-5808
     E-mail: goetz.jeffrey@bradshawlaw.com

                       About Fansteel

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

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

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

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


FENDER MUSICAL: S&P Affirms 'B+' CCR, Outlook Stable
----------------------------------------------------
S&P Global Ratings affirmed its 'B+' corporate credit rating on
Fender Musical Instruments Corp.  The outlook is stable.

Fender Musical recently completed a leverage-neutral debt
refinancing by issuing a five-year $175 million senior secured
revolving credit facility (unrated) to refinance the $99.5 million
balance on its $200 million senior secured term loan maturing 2019.


Outstanding reported debt totalled $100 million at close of the
transaction.

"The affirmation and stable outlook reflect our expectation that
leverage will be restored closer to 3x after approaching 4x as the
company sustains recent operating improvements in its core musical
instruments business, thereby offsetting start-up losses at Fender
Digital that have recently weakened consolidated leverage," said
S&P Global Ratings credit analyst Francis Cusimano.

The stable outlook reflects S&P's expectation that, despite
moderately higher current leverage expected for the next several
quarters as the company incurs start-up losses at Fender Digital,
the company will sustain improved margins within its core musical
instruments business and improve free cash flow from operations.
S&P believes this anticipated improvement in cash flow will help
reduce debt, which will largely offset otherwise weaker leverage
from expected operating losses at Fender Digital and lead to a
restored debt to EBITDA near 3x by early 2018.

S&P could lower the ratings if leverage were to be sustained above
4x, which could be the result of the company adopting more
aggressive financial policies such as a large debt financed
acquisition or dividend.  This could also result from a cyclical
downturn precipitating a sales decline of roughly 17% that would
likely lead to an EBITDA decline, on an adjusted basis, of over
25%.

While unlikely over the next 12 months given the anticipated
start-up losses at Fender Digital, S&P could raise the rating if
the company decreased and sustained debt to EBITDA below 3x which
S&P believes could occur if core musical instrument EBITDA margins
were to expand by over 200 bps while Fender Digital approaches
break-even.


FENTURA FINANCIAL: Banc Fund Owns 9.5% Equity Stake as of Dec. 31
-----------------------------------------------------------------
Banc Fund VII L.P., Banc Fund VIII L.P., and Banc Fund IX L.P.,
disclosed that as of Feb. 13, 2017, they beneficially own an
aggregate of 343,590 shares of common stock of Fentura Financial,
Inc. representing 9.5 percent of the shares outstanding.  A
full-text copy of the regulatory filing is available for free at:

                     https://is.gd/5uyJbd

                    About Fentura Financial

Based in Fenton, Michigan, Fentura Financial, Inc., is a
registered bank holding company, owns and controls The State Bank,
Fenton, Michigan, and West Michigan Community Bank, Hudsonville,
Michigan, both state nonmember banks, and two nonbank
subsidiaries.  Fentura Financial shares are traded over the
counter under the FETM trading symbol.

Fentura Financial, Inc., entered into a Written Agreement with
the Federal Reserve Bank of Chicago on Nov. 4, 2010.  Among
other things, the Written Agreement requires that the Company
obtain the approval of the FRB prior to paying a dividend;
requires that the Company obtain the approval of the FRB prior to
making any distribution of interest, principal, or other sums on
subordinated debentures or trust preferred securities; prohibits
the Company from purchasing or redeeming any shares of its stock
without the prior written approval of the FRB; requires the
submission of a written capital plan by Jan. 3, 2011, and;
requires the Company to submit cash flow projections for the
Company to the FRB on a quarterly basis.

The Company reported a net loss of $1.51 million in 2011, compared
with a net loss of $5.38 million in 2010.

The Company's balance sheet at Sept. 30, 2012, showed $306.50
million in total assets, $290.64 million in total liabilities and
$15.85 million in total stockholders' equity.


FOLTS HOME: Upstate Service Buying All Assets for $9.8 Million
--------------------------------------------------------------
Folts Home and Folts Adult Home, Inc. ("FAH"), ask the U.S.
Bankruptcy Court for the Northern District of New York to authorize
the bidding procedures and the purchase agreement in connection
with the sale of substantially all their assets to Upstate Service
Group, LLC, or its designee, for a total consideration of
$9,750,000, subject to higher and better offers.

A hearing on the Motion is set for March 7, 2017 at 2:00 p.m.
Objection deadline is Feb. 28, 2017.

A Sale Hearing is set for June 13, 2017 at 2:00 p.m.  Objection
deadline is June 6, 2017.

On Feb. 16, 2017, the Debtors filed separate, voluntary petitions
for relief under chapter 11 of the Bankruptcy Code with the Court,
commencing the Debtors' Chapter 11 Cases.  The Debtors, through
duly-appointed receivers HomeLife at Folts, LLC and HomeLife at
Folts-Claxton, LLC ("HomeLife"), continue to operate their skilled
nursing home and adult residence businesses, respectively, and
manage their properties as debtors in possession pursuant to
sections 1107(a) and 1108 of the Bankruptcy Code.  The Chapter 11
Cases are being jointly ministered under Bankruptcy Rule 1015(b)
pursuant to an order of the Court.

Folts Home is a New York not-for-profit corporation and the owner
of a 163-bed long-term residential health care and rehabilitation
facility located at 100-122 North Washington Street, Herkimer, New
York.  Currently, Folts Home has approximately 218 active
employees.  Approximately 124 of the employees are full-time, 60
are part-time and 34 employees are employed on a per diem basis.  

FAH, also known as Folts-Claxton, is a New York not-for-profit
corporation and the owner of an 80-bed adult residential center
that was constructed in 1998 and is located at 104 North Washington
Street, Herkimer, New York.  FAH has approximately 22 active
employees.  Approximately 12 are full-time employees and 10 are
part-time employees.  

As a result of operating losses in 2011, 2012 and 2013 and the
accumulation of significant debt during that period, the Debtors
requested that the New York State Department of Health ("DOH")
appoint receivers to operate the Facilities. As a result, receivers
have operated the Facilities since Oct. 1, 2013.  HomeLife has
operated the Facilities as receiver since Feb. 14, 2015 and will
continue in that capacity during the pendency of the Chapter 11
Cases.

Pursuant to the Receivership Agreements dated Nov. 1, 2014 executed
by the Debtors, DOH and HomeLife, HomeLife entered into possession
of the Facilities, including the real property, personal property
and all of the Debtors' accounts, and was vested with all of the
assets to be held in trust for the Debtors.  In addition, for the
duration of the receiverships, all of the Debtors' employees have
become HomeLife employees.  Further, HomeLife is authorized to use
the Debtors' accounts receivable to operate the Facilities for its
own account and be responsible for the profit and losses of the
business conducted at the Facilities.  HomeLife is responsible for
all payables accrued during its tenure, but is not responsible for
any liabilities incurred by the Debtors or other parties prior to
the commencement date of the HomeLife receiverships.  Any funds
remaining in HomeLife's possession at the conclusion of the
receiverships are the property of the Debtors.  Finally, on Feb.
14, 2015, the DOH issued Operating Certificates to HomeLife for the
Facilities and the Debtors surrendered their operating certificates
to the DOH.

The Debtors seek relief under chapter 11 of the Bankruptcy Code to
implement the sale of the Facilities as going concerns, and to
address the numerous significant claims that accrued prior to Oct.
1, 2013.  The Debtors seek the relief in light of their financial
inability to continue operating the Facilities, the fact that they
have encountered operating losses since 2011, and their desire to
sell the Facilities to a qualified purchaser who will protect the
health, safety and welfare of the Folts Home and FAH residents and
preserve the Debtors' long-standing mission to provide quality
residential healthcare to members of the Herkimer community.

In order to ensure the continued operation of the Debtors'
facilities, the retention of approximately 218 jobs and the
fulfillment of its obligations to residents, on Feb. 13, 2017, the
Debtors entered into the Purchase Agreement with the Purchaser,
pursuant to which the Purchaser proposes to purchase substantially
all of the Debtors' Assets, free and clear of all liens, claims,
interests and encumbrances.

The salient terms of the Purchase Agreement are:

          a. The Parties: The Debtors as "Sellers" and Purchaser.

          b. The Assets: The Assets to be sold pursuant to the
Purchase Agreement consist of substantially all of the assets owned
by Sellers.

          c. Purchase Consideration: (i) $9,500,000 in cash, (ii)
the assumption by Purchaser of the Assumed Liabilities, plus (iii)
$250,000 in cash to be used by the Sellers for the commencement of
the Chapter 11 Cases, for a total Purchase Consideration of
$9,750,000.

          d. Conditions: The proposed sale is subject to several
conditions, including: (i) appointment of Purchaser as a receiver
or receipt by the Purchaser of a CON or permanent license to
operate the Debtors facilities; (ii) performance of covenants and
agreements in the Purchase Agreement; (iii) termination or
expiration of the HomeLife APA, (iv) approval by the Bankruptcy
Court; and (v) receipt of all necessary consents, approvals and
permits from third parties necessary to operate the Assets and
convey the Assets free and clear of all liens.

          e. Termination: The Purchase Agreement terminates under
certain circumstances set forth therein, including the following:
(i) failure by the Purchaser to file an CON application, obtain
requisite approvals or to close the sale; (ii) by Purchaser, if
Purchaser at any time is in in material breach of any
representation, warranty or covenant under the Purchase Agreement;
or (iii) by Seller, if Seller defaults under the terms of the
Purchase Agreement and fails to cure such default within 30 days of
receiving written notice of the default.

          f. Alternative Transaction - Breakup Fee:  Under certain
conditions, the Purchaser may be entitled to a Breakup Fee of
$150,000.

          g. Higher and Better Offers: The sale of the Assets is
subject to the submission by third parties of higher and/or better
offers.

The Debtors submit that Purchaser's proposal, as contained in the
Purchase Agreement, represents the highest and best offer for the
Assets received to date.

In an effort to ensure that the highest value is obtained for the
Assets, the Debtors propose that the Bidding Procedures, which are
intended to maximize the value of the Assets, should govern the
submission of competing bids for the Assets.

The salient terms of the Bidding Procedures are:

          a. Assets: The Assets to be sold are substantially all of
the Debtors' assets, which are to be sold in a single, integrated
transaction.

          b. Qualified Bid: A purchase offer in excess of the
Purchase Consideration by (i) the amount of the Breakup Fee and
(ii) $100,000.

          c. Bid Deadline: May 26, 2017 at 4:00 p.m.

          d. Due Diligence: Between Feb. 17, 2017 and May 26, 2017

          e. Auction: June 1, 2017 at 10:00 a.m. at the offices of
Bond, Schoeneck & King, PLLC, One Lincoln Center, Syracuse, New
York.

          f. Qualified Overbid: Must exceed the highest existing
bid by at least $100,000.

          g. The Auction will not conclude until each Qualified
Bidder has had the opportunity to submit a Qualified Overbid with
full knowledge of the existing highest bid.

          h. The Sale Hearing: The Debtors request that the Court
schedule the Sale Hearing for 2:00 p.m. on June 13, 2017.

The Debtors respectfully submit that the Court should authorize and
approve the Bidding Procedures.

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

           http://bankrupt.com/misc/Folts_Home_18_Sales.pdf

In the exercise of their business judgment, and due to the desire
of Purchaser to continue operating the Debtors' businesses, the
Debtors have determined that the Assumed Contracts are necessary to
the proper continued operation of the businesses and their
assumption and assignment to Purchaser is beneficial to their
estates and creditors.  The Debtors, therefore, ask to assume the
Assumed Contracts listed on Schedule 1.1(d) of the Purchase
Agreement.

The Debtors respectfully ask that the Court (i) at the conclusion
of the initial hearing, enter the Bidding Procedures Order
approving the Bidding Procedures, the form and manner of the Sale
Notice and scheduling the Sale Hearing; (ii) at the conclusion of
the Sale Hearing, enter the Sale Order to be provided by Debtors
authorizing the sale of the Assets to the Purchaser, or to such
other Successful Bidder that submits a higher and/or better offer
for the Assets in accordance with the Bidding Procedures; (iii) at
the conclusion of the Sale Hearing, enter an order authorizing the
Debtors to assume and assign the Contracts and Leases to the
Successful Bidder; and (iv) granting the Debtors such other relief
as the Court may deem just and proper.

The Purchaser:

          UPSTATE SERVICE GROUP, LLC
          Attn: Efraim Steif
          One Hillcrest Center Drive, Suite 325
          Spring Valley, NY 10977
          E-mail: fshealthcare@gmail.com

The Purchaser is represented by:

          Harvey Mervis, Esq.
          HINMAN, HOWARD & KATTELL, LLP
          700 Security Mutual Building
          80 Exchange Street
          Binghamton, NY 13901
          E-mail: hmervis@hhk.com

Proposed Counsel for the Debtors:

          Stephen A. Donato, Esq.
          Camille W. Hill, Esq.
          Sarah M. Harvey, Esq.
          One Lincoln Center
          Syracuse, NY 13202
          Telephone: (315) 218-8000
          Facsimile: (315) 218-8100
          E-mail: sdonato@bsk.com
                  chill@bsk.com
                  sharvey@bsk.com

                      About Folts Home

Folts Home is a New York not-for-profit corporation and the owner
of a 163-bed long-term residential health care and rehabilitation
facility located at 100-122 North Washington Street, Herkimer, New
York.  In addition to long-term skilled nursing and residential
care, Folts Home provides memory care to residents with dementia,
palliative care and respite care and operates an adult day care
program.  Folts Home also offers rehabilitation services, such as
physical, occupational and speech therapy, on both inpatient and
out-patient bases.  Currently, Folts Home has approximately 218
active employees.  Approximately 124 of the employees are
full-time, 60 are part-time and 34 employees are employed on a per
diem basis.  None of Folts Home's employees are represented by
labor unions.

Folts Adult Home, Inc. ("FAH"), also known as Folts-Claxton, is a
New York not-for-profit corporation and the owner of an 80-bed
adult residential center that was constructed in 1998 and is
located at 104 North Washington Street, Herkimer, New York.  FAH
residents reside in separate apartments and are provided services
such as daily meals, laundry, housekeeping and medication
assistance.  FAH has approximately 22 active employees.
Approximately 12 are full-time employees and 10 are part-time
employees.  None of FAH's employees are represented by labor
unions.

Folts Home and FAH currently have average daily censuses of 145 and
69, respectively.  Folts Home has 3 major payors: Medicare,
Medicaid and Excellus/Blue Cross.  The majority of FAH residents
are government subsidized, with 58% covered by Social Security
Insurance and 42% private pay.

Folts Home and Folts Adult Home, Inc. filed separate, voluntary
petitions for relief under Chapter 11 of the Bankruptcy Code
(Bankr. N.D. N.Y. Case No. 17-60139) on Feb. 16, 2017.  The Chapter
11 Cases are being jointly administered under Bankruptcy Rule
1015(b) pursuant to an order of the Court.

Folts Home and Folts Adult Home, Inc., through duly-appointed
receivers HomeLife at Folts, LLC and HomeLife at Folts-Claxton,
LLC, continue to operate their skilled nursing home and adult
residence businesses, respectively, and manage their properties as
debtors in possession.


FORESIGHT ENERGY: Provides Prelim. Results; to Refinance Debt
-------------------------------------------------------------
Full-Year 2016 Highlights:

  -- Coal sales of $866.6 million on sales volumes of 19.3 million
     tons;
   
  -- Net loss attributable to limited partner units of
     approximately $178.8 million or $(1.37) per unit;
   
  -- Adjusted EBITDA of approximately $308.8 million;
   
  -- $103.7 million of unrestricted cash and cash equivalents on
     hand as of Dec. 31, 2016;
   
  -- Commencing a process to refinance or extend all or a portion
     of its existing indebtedness with the net proceeds from a
     combination of debt, equity financing and/or cash on hand;
     and
   
  -- Working with Goldman, Sachs & Co. in connection with the
     refinancing process.

Foresight Energy LP reported preliminary unaudited financial and
operating results for fourth quarter and full-year 2016.  Sales
volumes of 5.2 million tons during fourth quarter 2016 generated
coal sales revenue of $251.0 million contributing to a net loss
attributable to limited partner units of approximately $85.0
million or $(0.65) per unit (compared to a net loss of $64.4
million in the fourth quarter of 2015) and Adjusted EBITDA of
approximately $98.0 million (compared to $42.3 million in the
fourth quarter of 2015).  As of Dec. 31, 2016, Foresight Energy LP
and its subsidiaries had $103.7 million of unrestricted cash and
cash equivalents on hand and $1.4 billion of total debt, including
$352.5 million drawn on its revolving credit facility (which has
total commitments of $450.0 million and outstanding letters of
credit of $7.0 million).

Full-year sales volumes of 19.3 million tons generated coal sales
revenue of $866.6 million contributing to a net loss attributable
to limited partner units of approximately $178.8 million or $(1.37)
per unit (compared to a net loss of $39.5 million for the full-year
2015).  The net loss for the full-year 2016 was largely driven by
an impairment charge of $74.6 million, debt restructuring and early
extinguishment costs of $35.0 million and charges of $40.9 million
for the change in fair value of commodity derivative contracts and
outstanding warrants.  Adjusted EBITDA for the full-year 2016 was
approximately $308.8 million (compared to $338.4 million for the
full-year 2015), which included $30.5 million of insurance
recoveries related to the combustion event at our Hillsboro
operation ($10.5 million for the reimbursement of mitigation costs
that were recorded as a reduction in Adjusted EBITDA in prior
periods and $20.0 million related to business interruption
proceeds).

These fourth quarter and fiscal year 2016 results are derived from
preliminary internal financial reports and are subject to revision
based on the completion of Foresight's year-end accounting and
financial reporting processes.  Accordingly, actual results may
differ from these results and such difference may be material.

The Partnership said that in light of the positive business
momentum reflected in the preliminary financial results for the
fourth quarter and full-year 2016, it has commenced a process to
refinance and extend the maturities of all or a portion of its
existing indebtedness with the net proceeds from a combination of
debt, equity financing and/or cash on hand.  The Partnership is
working with Goldman, Sachs & Co. in connection therewith.

The Company gives no assurance regarding the results of the
Partnership's refinancing and maturity extension efforts.  The
Partnership undertakes no obligation to make any further
announcements regarding a refinancing or maturity extension unless
and until final decisions are made.

                     About Foresight Energy

Foresight Energy mines and markets coal from reserves and
operations located exclusively in the Illinois Basin.  
As of Dec. 31, 2015, the Company has invested over $2.3 billion to
construct state-of-the-art, low-cost and highly productive mining
operations and related transportation infrastructure.  The Company
controls over 3 billion tons of proven and probable coal in the
state of Illinois, which, in addition to making the Company one of
the largest reserve holders in the United States, provides organic
growth opportunities.  The Company's reserves consist principally
of three large contiguous blocks of uniform, thick, high heat
content (high Btu) thermal coal which is ideal for highly
productive longwall operations.  Thermal coal is used by power
plants and industrial steam boilers to produce electricity or
process steam.

Foresight Energy reported a net loss attributable to limited
partner units of $39.47 million on $984.85 million of total
revenues for the year ended Dec. 31, 2015, compared to net income
attributable to limited partner units of $70.19 million on $1.10
billion of total revenues for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Foresight Energy had $1.73 billion in total
assets, $1.80 billion in total liabilities and a total partners'
deficit of $70.03 million.

Ernst & Young LLP, in St. Louis, Missouri, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2015, noting that the Partnership is
in default of certain provisions of its long-term debt and capital
lease obligations, resulting in a working capital deficit as of
Dec. 31, 2015.  These conditions raise substantial doubt about the
Partnership's ability to continue as a going concern.

                          *     *     *

In September 2016, S&P Global Ratings raised its issuer credit
rating on St. Louis-based Foresight Energy L.P. to 'B-' from 'D'.
The outlook is negative.  "The recent restructuring, including
exchange of the senior notes, along with associated amendments
resolves the previous conditions of default, waives certain
amortization requirements, and restores Foresight's access to its
revolving credit facility with revised covenants.  While we view
this restructuring as a positive development and continue to
consider Foresight's business risk profile to be among the
strongest in the beleaguered coal space, in our view, the company's
capital structure could become unsustainable," S&P said.

As reported by the TCR on Nov. 4, 2016, Moody's Investors Service
upgraded the corporate family rating of Foresight Energy, LLC to
Caa1 from Caa2, as well as the probability of default rating (PDR)
to Caa1-PD from Caa2-PD, and the senior secured rating to B3 from
Caa1.  The speculative grade liquidity rating of SGL-3 remains
unchanged.  The outlook is stable.


FOUR DIA: Unsecureds to Recoup 90% Under Amended Plan
-----------------------------------------------------
Four Dia, LLC, filed with the U.S. Bankruptcy Court for the
Northern District of Texas its first amended disclosure statement
describing its plan of reorganization, which proposes to pay
general unsecured creditors 90% of their claims.  

Under the plan, Class 7 is comprised of the General Unsecured
Claims.  Depending on the amount of Postpetition Payments that are
returned, the Debtor will have between $2,492.63 and $13,996.44 in
Class 7 Claims.  These claims are being paid 90% of their total to
be paid on the Effective Date.

Previously classified in Class 8 under the initial plan, general
unsecured creditors were originally proposed to receive only 10% of
their claims to be paid within two years.

The Plan incorporates a motion to permit the Debtor to incur any
debt necessary to perform its obligations under the Plan.

The Second Amended Disclosure Statement is available at:

    http://bankrupt.com/misc/txnb16-33459-11-68.pdf

                      About Four Dia

Four Dia, LLC, filed a chapter 11 petition (Bankr. N.D. Tex. Case
No. 16-33459-11) on Sept. 2, 2016.  The petition was signed by
Sagar Ghandi, vice president.  The Debtor is represented by
Russell W. Mills, Esq., at Hiersche, Hayward, Drakeley & Urbach,
P.C.  The case is assigned to Judge Harlin DeWayne Hale.  The
Debtor estimated assets and liabilities at $1 million to $10
million at the time of the filing.

Four Dia, a Texas limited liability company, operates a 62-room
hotel located at 5750 Sherwood Way in San Angelo, Texas, which is
operated under a Wyndham Hotel Group franchise.  Four Dia
employs
approximately 16 persons on a full or part-time basis.


FREESEAS INC: Crede CG Longer Owns Common Shares
------------------------------------------------
Crede CG III, Ltd., Crede Capital Group, LLC, Acuitas Financial
Group, LLC and Terren S. Peizer disclosed that as of Dec. 31, 2016,
each of them have ceased to beneficially own shares of common stock
of FreeSeas Inc.  A full-text copy of the regulatory filing is
available for free at https://is.gd/xnIkwP

                     About FreeSeas Inc.

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

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

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

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


FRESH & EASY: Selling Liquor License to Durra for $15K
------------------------------------------------------
Fresh & Easy, LLC, filed with the U.S. Bankruptcy Court for the
District of Delaware a notice that it will sell its Liquor License
(No. 539610) to Antoun Durra for $15,000.

The objection deadline is Feb. 21, 2017 at 5:00 p.m. (ET).

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

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

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

      http://bankrupt.com/misc/Fresh_&_Easy_1874_Sales.pdf

The known parties holding liens or other interest in the Liquor
License are: (i) Wells Fargo Bank, National Association; (ii)
Womble Carlyle Sandridge & Rice LLP; (iii) California Department of
Alcoholic Beverage Control Headquarters; (iv) California State
Board of Equalization; (v) State of California Franchise Tax Board;
(vi) R&R Management, LLC; and (vii) Jason B. Kho.

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

                       About Fresh & Easy

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

Judge Christopher S. Sontchi is assigned to the case.

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

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

                          *     *     *

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

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


FUEL PERFORMANCE: John Hennessy Discloses 7.64% Equity Stake
------------------------------------------------------------
John M. Hennessy disclosed in an amended Schedule 13G filed with
the Securities and Exchange Commission filed on Feb. 13, 2017, that
as of March 8, 2016, he beneficially owns 17,999,573 shares of
common stock of Fuel Performance Solutions, Inc., representing 7.64
percent of the shares outstanding.  

The percent of class was determined by dividing such amount by the
sum of 224,258,698 shares of common stock outstanding as of
Dec. 31, 2016, 1,456,293 shares issuable upon conversion of a note
and 9,980,780 shares issuable upon exercise of warrants, held
directly by John M. Hennessy as of Dec. 31, 2016.

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

                     https://is.gd/rmSI7j

                    About Fuel Performance

Fuel Performance Solutions, Inc., was incorporated in Nevada on
April 9, 1996, by a team of individuals who sought to address the
challenges of reducing harmful emissions while at the same time
improving the operating performance of internal combustion
engines, especially with respect to fuel economy and engine
cleanliness.  After the Company's incorporation, its initial focus
was product research and development, but over the past few years,
the Company's efforts have been directed to commercializing its
product slate, primarily DiesoLiFTTM and the PerfoLiFTTM BD-
Series, for use with diesel fuel and bio-diesel fuel blends, by
focusing on marketing, sales and distribution efforts in
conjunction with our distribution partners.  On Feb. 5, 2014, the
Company changed its name from International Fuel Technology, Inc.,
to Fuel Performance Solutions, Inc.

Fuel Performance reported a net loss of $1.92 million on $456,000
of net revenues for the year ended Dec. 31, 2015, compared to a net
loss of $1.65 million on $1.72 million of net revenues for the year
ended Dec. 31, 2014.

As of June 30, 2016, the Company had $2.26 million in total assets,
$4.42 million in total liabilities and a total stockholders'
deficit of $2.16 million.

In its audit report dated June 30, 2016, the Company's independent
registered public accounting firm expressed substantial doubt about
the Company's ability to continue as a going concern.
MaloneBailey, LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has suffered recurring
loss from operations and has a working capital deficit.  This
factor raises substantial doubt about the Company's ability to
continue as a going concern.


GERALEX INC: To Deposit $260,000 to Unsecured Creditor Escrow Acct
------------------------------------------------------------------
Geralex, Inc., filed with the U.S. Bankruptcy Court for the
Northern District of Illinois a disclosure statement explaining the
Debtor's fourth amended plan of reorganization dated Feb. 15,
2017.

Class 3 Unsecured Claims -- approximately $257,374.28 -- is
impaired under the Plan.  Holders of this class will receive a pro
rata share of the funds in the Unsecured Creditor Escrow Account,
which will be funded by the Annual Cash Flow in the 12 months
ending March 31 for each of 2018, 2019, 2020, and 2021, with a
minimum annual payment of $25,000 and a maximum annual payment of
$65,000.  The Reorganized Debtor's obligation to deposit Annual
Cash Flow into the Unsecured Creditor Escrow Account will terminate
once the Reorganized Debtor has deposited $260,000 into the
Unsecured Creditor Escrow Account.

The previous Plan provides that holders of Allowed Class 3 Claims
will be paid in full over time. The previous Plan also said that
the Debtor anticipates paying all these claims within 52 months,
but the amount of time it takes for the Debtor to pay Class 3
Claims in full will ultimately depend upon its financial
performance and operating income.

The Plan provides that all the Debtor's assets will vest in the
Reorganized Debtor, free and clear of all liens, claims, interests,
and encumbrances, except as otherwise provided in the Plan or
confirmation order.

Creditors holding claims of $2,000 or less will be paid in full
within 15 of the Effective Date of the Plan.  Creditors holding
claims of more than $2,000 may elect to be paid $2,000 on the same
basis by limiting their claims to $2,000.

All other creditors will be paid the full amount owed to them pro
rata over time.

Geralex will retain all of its assets and the owners of Geralex
will retain their ownership interests in Geralex.

Geralex will obtain discharges from all Claims and obligations
arising prior to the Effective Date upon completion of the Plan,
except for the Tort Claims.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/ilnb16-06479-117.pdf

As reported by the Troubled Company Reporter on Feb. 6, 2017, the
Debtor filed with the Court a disclosure statement explaining its
latest plan to exit Chapter 11 protection.  Under that plan, two
more tort claimants were added to Class 2, which consisted of
holders of unliquidated tort claims.  

                       About Geralex Inc.

Geralex, Inc., is an Illinois corporation with its principal place
of business in Chicago, Illinois.  The company provides janitorial
services to commercial and government facilities, like airports and
schools.  It has been in business since 2003.  It is owned by
Alejandra Alvarado (60%) and Gerardo Alvarado (40%).

The Debtor sought Chapter 11 protection (Bankr. N.D. Ill. Case No.
16-06479) on Feb. 26, 2016.  The Debtor is represented by William
J. Factor, Esq., and Z. James Liu, Esq., at FactorLaw.

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


GETCHELL AGENCY: March 21 Plan Confirmation Hearing
---------------------------------------------------
Judge Peter G. Cary of the U.S. Bankruptcy Court for the District
of Maine approved the disclosure statement referring to the second
amended joint chapter 11 plan, dated Feb. 9, 2017, filed by The
Getchell Agency and Rena J. Getchell.

A hearing on confirmation of the plan will be held on March 21,
2017, at 9:00 a.m. before the Honorable Peter G. Cary, U.S.
Bankruptcy Judge, 537 Congress Street, 2nd Floor, in Portland,
Maine.

The deadline for filing and serving written objections to
confirmation of the plan will be March 14, 2017.

Ballots for accepting or rejecting the plan must be received by
theDebtor's counsel no later than March 14, 2017, at 5:00 p.m.

                  About The Getchell Agency

Headquartered in Bangor, Maine, The Getchell Agency, aka Getchell
Agency Inc, aka The Getchell Agency Inc, aka Getchell Agency filed
for Chapter 1 bankruptcy protection (Bankr. D. Maine Case No.
16-10172) on March 25, 2016, estimating its assets at up to $50,000
and its liabilities at between $1 million and $10 million.  The
petition was signed by Rena J. Getchell, president.


GNC HOLDINGS: S&P Puts 'BB' CCR on CreditWatch Negative
-------------------------------------------------------
S&P Global Ratings placed its ratings, including the 'BB' corporate
credit rating, on Pittsburgh, Pa.-based GNC Holdings Inc. on
CreditWatch with negative implications.

"The CreditWatch placement follows the company's announcement that
same-store sales in the company's domestic retail operations
declined 12% for the fourth quarter 2016 while domestic franchise
same-store sale declined 6% and international sales fell 18.5%,"
said credit analyst Mathew Christy.  "The company also reported
significantly lower operating margins (on sales deleveraging, lower
pricing, a one-time One-GNC cost of $10 million, inventory
markdowns, and other similar costs) with adjusted margins around
18% falling below our 23% expectation.  The company also indicated
that operating trends will remain weak through the first half of
the current fiscal year."

The negative CreditWatch placement indicates at least a 50% chance
that S&P could lower the ratings at least two notches in the near
term.  The extent of any downgrade will incorporate S&P's view of
GNC's ability to reverse the weak operating trends and the
company's ability to effectively compete against online and mass
merchant supplement and vitamin retailers.  While GNC maintains a
prominent market position in the highly competitive and fragmented
nutritional supplement and vitamin industry, S&P thinks consumers
are increasingly shifting their purchases online and to mass
merchants, drawn by convenience, selection, and price transparency.
These challenges could more than offset the company's strategic
One-GNC initiatives on a sustained basis and affect both the
company's competitive standing and credit metrics. S&P will also
evaluate the company's financial policy, including potential debt
reduction, and review the company's turnaround efforts as compared
to other similar rated peers.

S&P expects to resolve the CreditWatch placement within the coming
weeks, after evaluating the ongoing weak operating trends,
financial policy (inclusive of potential debt repayment), and the
impact of its strategic One-GNC initiatives.


GRISHAM FARM PRODUCTS: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------------
The Office of the U.S. Trustee on Feb. 16 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Grisham Farm Products, Inc.

                  About Grisham Farm Products

Grisham Farm Products, Inc., sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. W. D. Mo. Case No. 16-61149) on Nov.
16, 2016.  The petition was signed by Lexie Grisham,
director.  

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

Jonathan A. Margolies, Esq., at McDowell, Rice, Smith & Buchanan,
PC, serves as the Debtor's bankruptcy counsel.


GRISHAM FARMS TRANSPORT: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------------------
The Office of the U.S. Trustee on Feb. 16 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Grisham Farms Transportation,
LLC.

               About Grisham Farms Transportation

Grisham Farms Transportation, LLC, sought protection under Chapter
11 of the Bankruptcy Code (Bankr. W. D. Mo. Case No. 16-61263) on
Dec. 19, 2016.  The petition was signed by Lexie Grisham, member.


The case is assigned to Judge Arthur B. Federman.

At the time of the filing, the Debtor estimated its assets at $1
million to $10 million and liabilities at $10 million to $50
million.

Jonathan A. Margolies, Esq., at McDowell Rice Smith & Buchanan
serves as the Debtor's bankruptcy counsel.


GRM BAY WASH: Disclosures OK'd; Plan Hearing on April 5
-------------------------------------------------------
The U.S. Bankruptcy Court for the District of Maryland has approved
GRM Bay Wash, LLC, and GRM Bay Wash of DelMarva, LLC's disclosure
statement dated Feb. 12, 2017, referring to the Debtors' plan of
reorganization dated Feb. 12, 2017.

The hearing to consider the approval of the Joint Amended
Disclosure Statement will be held on April 5, 2017, at 10:00 a.m.

March 22, 2017, is the last day to file written objections to the
Disclosure Statement.

As reported by the Troubled Company Reporter on Feb. 15, 2017, the
Debtors filed the Disclosure Statement, saying that Class 10 Claims
will consist of the unsecured claims that aggregate $37,887.70.  In
full and complete satisfaction, discharge and release of the Class
10 Claims, the Allowed Unsecured Claims will receive cash
distributions from cash flow anticipated to represent a minimum of
100% of their face amount of the allowed claims in pro rata
distribution on their allowed amount over 60 months from the
Effective Date in adjustable monthly installments.

                         About GRM Bay

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

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


H. BURKHART: Disclosure Statement Hearing on March 23
-----------------------------------------------------
Judge Thomas P. Agresti of the U.S. Bankruptcy Court for the
Western District of Pennsylvania will convene a hearing on March
23, 2017, at 10:00 a.m to consider approval of H. Burkhart and
Associates Inc.'s disclosure statement and plan of reorganization
filed on Feb. 3, 2017.

On or before March 20, 2017, the Debtor shall file 12 Month Plan
Projections to be included with the disclosure statement and plan
when served on the Creditor Body after the disclosure statement
hearing.

March 16, 2017, is the last day for filing and serving objections
to the disclosure statement.

As previously reported, under the plan, the Class 5 allowed
unsecured claims will be paid a pro-rata share of the proceeds of
the sale of the real estate remaining after the distribution to
classes one, two and three. Any amount not paid under class 5 will
be discharged upon confirmation of this plan. This class shall not
be entitled to interest on their claims. This class is expected to
get 100% dividend of their claims.

Source of funds for plan payments will be derived from Debtors'
ongoing business operations.

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

          http://bankrupt.com/misc/pawb16-10750-73.pdf 

                About H. Burkhart and Associates

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

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


HAMPTON ROADS: Fitch Affirms 'B+' Rating on 2007 Class III Bonds
----------------------------------------------------------------
Fitch Ratings has affirmed the following classes of Hampton Roads
PPV, LLC (VA) military housing taxable revenue bonds (Hampton Roads
Unaccompanied Project), 2007 series A:

-- Approximately $210 million class I bonds at 'A-';
-- Approximately $58 million class II bonds at 'BB';
-- Approximately $9 million class III bonds at 'B+'.

The Rating Outlook is revised to Stable from Positive on all
bonds.

SECURITY

The bonds are special limited obligations of the issuer and are
primarily secured by a first lien on all receipts from the
operation of the unaccompanied housing project known as Hampton
Roads, located at Norfolk Naval Complex. The absence of a
cash-funded reserve fund limits protections afforded bondholders.

KEY RATING DRIVERS

IMPROVED DEBT SERVICE COVERAGE: The affirmation of the ratings
reflect sufficient debt service coverage ratios (DSCRs) in 2016 of
1.72x, 1.33x, and 1.27x for the class I, class II, and class III
bonds, respectively. The revision to Stable Outlook from Positive
reflects expectations of lower coverage ratios moving forward as a
result of elevated operating expenses from utility expense
increases and decreased operating revenues from lower 2017 Basic
Allowance for Housing (BAH) rates.

VOLATILE BAH RATES: Following two consecutive years of BAH
increases of at least 8%, BAH rates declined approximately 2% in
2017 for the project. Volatility in BAH rates remains an ongoing
credit concern and can be evidenced by its five-year BAH history: a
2.1% decrease (2017), 8.44% increase (2016), 8.91% increase (2015),
5.77% decrease (2014), and 5.25% increase (2013).

SOLID OCCUPANCY: Despite a large deployment in April 2016 which
temporarily lowered occupancy to 85%, the project maintained an
average occupancy rate of 94.2% in 2016. Additionally, the project
currently has a 92% occupancy level.

HIGH TURNOVER LEVELS: The project continues to experience high
turnover levels as a result of deployments, which continues to put
negative pressure on project operations.

ABSENCE OF CASH RESERVE: The absence of a cash-funded debt service
reserve fund detracts from bondholder security for all classes of
bonds; however, the class III bonds are the most vulnerable.

RATING SENSITIVITIES

BAH CHANGES: Any future decreases or increases in BAH would put
negative or positive pressure on the ratings, respectively.

DECREASED OCCUPANCY AND/OR INCREASED EXPENSES: Management's
inability to maintain high occupancy levels and control operating
expenses could put negative pressure on the rating.

CREDIT PROFILE

BASE INFORMATION

Hampton Roads/Norfolk Naval Complex (HRNC), located in southeastern
Virginia about 90 miles from Richmond and 185 miles from
Washington, D.C., is the largest naval base in the world. It covers
approximately 4,631 acres. HRNC consists of a number of
installations primarily located in the Norfolk and Sewells Point
areas and extends to sites in Norfolk, Virginia Beach, Suffolk,
Chesapeake, Portsmouth, Hampton, and Newport News. HRNC is
surrounded by many navy installations such as Naval Weapons Station
Yorktown/Cheatham Annex, Little Creek Naval Amphibious Base,
Norfolk Naval Shipyard, Naval Air Station Oceana/Dam Neck Annex,
and Naval Security Group Activity Northwest.

PROJECT INFORMATION

The housing project located on Norfolk Naval Complex base in
Virginia (known as Hampton Roads) provides apartment residences for
single (i.e. unaccompanied) U.S. Navy enlisted personnel. As part
of the original development plan, 1,190 new units were added and
722 existing residential units were renovated.

DEBT SERVICE COVERAGE LEVELS

The project finished 2016 with DSCRs of 1.72x, 1.33x, and 1.27x for
class I, II, and III bonds, respectively. These DSCRs represent
significant increases from 2014 coverage levels of 1.41x, 1.09x,
and 1.05x, respectively, which remain the lowest levels of coverage
to date for the project. However, management is budgeting for lower
coverage levels of 1.62x, 1.26x, and 1.20x in 2017 which reflects
reduced 2017 BAH rates and expected increases in utility expenses
over the next year. Increased utility expenses are attributed to
the Navy increasing utility rates in 2017 for the project. The
revision to Stable Outlook from Positive reflects these expected
lower coverage levels as well as ongoing concerns surrounding the
project's volatile BAH rates.

Fitch views unaccompanied military housing projects as having more
risk than military family housing projects given the varied profile
of the respective tenant bases. Unaccompanied housing projects tend
to be subject to higher levels of physical wear and higher annual
turnover which leads to higher operating expenses. Therefore, Fitch
expects that the DSCRs for an unaccompanied project will be higher
than those of military family housing transactions at the same
rating level.

PROJECT OCCUPANCY LEVELS

Despite one large deployment in 2016, which reduced occupancy to a
low 85% in one month, the project experienced an average occupancy
rate of 94.2% in 2016 which remains sufficient for its current
rating levels. This follows average occupancy rates of 95% in 2015
and 96% in 2014, which also experienced similar dips in occupancy
from ongoing deployments. Additionally, the project is reporting
current occupancy levels of 92% for the project which reflects a
recovery in occupancy following another deployment at the end of
2016. Over the last few years, the project has averaged two
deployments per year. Fitch believes that project management will
continue to be challenged by the potential for future deployments
and the need to reoccupy units.

BAH RATES

BAH rates have declined approximately 2% in 2017 which offsets two
consecutive years of at least 8% increases in BAH. The revision in
Outlook to Stable from Positive reflects this change in the
positive trend of BAH rates. The reversal in BAH rate trends
furthers ongoing credit concerns surrounding the project's volatile
BAH rates which has experienced no discernable pattern in recent
years. Project BAH rates for the last five years have been the
following: a 2.1% decrease (2017), 8.44% increase (2016), 8.91%
increase (2015), 5.77% decrease (2014), and 5.25% increase (2013).
Future changes to BAH will be a key credit consideration moving
forward.

BRAC RISK

The first Base Realignment and Closure Commission (BRAC)
recommendations were made in 1988, and U.S. Navy facilities in and
around Hampton Roads were not included in any of the commission's
recommendations. However, since the second BRAC review in 1991 and
recommendations made in 1993, 1995, and 2005, the BRAC Commission
has proposed to relocate Navy activities, ships, personnel,
operations, and infrastructure to HRNC.

It is clear from a review of the Navy's recommendations to the BRAC
Commission and the BRAC Commission's recommendations to the
President since 1988 that the HRNC, including the Naval Shipyard,
Norfolk, Naval Station, Norfolk, Naval Air Station, Oceana, Naval
Amphibious Base, Little Creek, Naval Weapons Station, Yorktown, and
the related operations and infrastructure in and around them are
vital to the U.S. Navy. None of these key facilities have been
recommended for closure by the Navy. Consequently, Fitch expects
that HRNC will continue to serve the U.S. Navy and retain its
status as the largest naval complex in the world.

DEBT SERVICE RESERVES

The bond debt service reserve fund is satisfied with an AMBAC
surety bond sized at maximum annual debt service. Fitch does not
assign any value to the AMBAC surety bond and the ratings reflect
this. In addition, there is an excess collateral agreement in place
in the amount of $6.5 million which acts as a line of credit to the
project from Merrill Lynch (rated 'A/F1') with a wrap from AIG
(rated 'A-').

PROJECT MANAGEMENT

Hampton Roads LLC is managed by American Campus Communities, Inc.
(ACC). ACC has traditionally managed student housing properties and
currently has 200 properties with approximately 130,000 student
housing beds under its management. The Hampton Roads property
financing is the first arrangement where ACC is acting as manager
for a military housing project.


HENSON MECHANICAL: Has Final Authority to Use Cash Collateral
-------------------------------------------------------------
Judge James P. Smith of the U.S. Bankruptcy Court for the Middle
District of Georgia authorized Henson Medical, Inc., d/b/a Ben
Franklin Plumbing, d/b/a One Hour Heating and Air Conditioning, to
use cash collateral on a final basis.

The Debtor was authorized to use cash collateral in accordance with
the expense items in the Budget and for other amounts allowed or
awarded by the Court. The Debtor was also authorized to use cash
collateral to pay the actual amount owed or deposit required to any
utility, taxing authority for post-petition taxes, the U.S. Trustee
or insurance company as actually due and needed.

The Debtor agreed to make payments to to The Brand Banking Company
in the amount of $4,915 for the Mortgage, and $600 for the Line of
Credit as reflected on the Budget. The approved Budget provides
total expenses of approximately $115,149.

The Brand Banking Company was granted a security interest in, and
lien upon all of the postpetition collateral to the same extent,
validity, amount, and priority as its prepetition security
interests and lien upon such collateral.  

The Debtor was authorized to use cash collateral until the earlier
of:

      (a) the Order being stayed, reversed, vacated, amended, or
otherwise modified in any material respect without the prior
written consent of The Brand Bank,

      (b) conversion of the Debtor's case to one under Chapter 7 of
the Bankruptcy Code,

      (c) the appointment of a trustee or examiner in the Debtor's
case, or

      (d) dismissal of the Debtor's case.

A full-text copy of the Final Order, dated February 14, 2017, is
available at https://is.gd/LdGMsb

                  About Henson Mechanical

Henson Mechanical, Inc., d/b/a Ben Franklin Plumbing d/b/a One Hour
Heating and Air Conditioning, is a Georgia Corporation operating a
residential air conditioning and plumbing company, which corporate
offices are located in Monroe, GA.

Henson Mechanical, Inc., filed a Chapter 11 petition (Bankr. M.D.
Ga. Case No. 17-30011), on Jan. 3, 2017.  The petition was signed
by Steve Kitchens, CFO & VP.  The Debtor is represented by Cameron
M. McCord, Esq., at Jones & Walden, LLC. At the time of the filing,
the Debtor estimated assets at $500,000 to $1 million and
liabilities at $1 million to $10 million.


HEXION INC: Amends Asset-based Revolving Credit Facility
--------------------------------------------------------
On December 21, 2016, Hexion Inc. announced on its Current Report
on Form 8-K the Company's entry into an amendment agreement to
amend and restate its amended and restated asset-based revolving
credit facility (the "ABL Facility").  On February 10, 2017, the
Company satisfied conditions to the effectiveness of the extended
revolving facility commitments (the "Extended ABL Facility
Commitments) under the Amendment Agreement. As a result, the
existing $400 million of revolving facility commitments under the
ABL Facility with a maturity date of March 28, 2018 were replaced
and the lenders party to the Amendment Agreement provided the
Extended ABL Facility Commitments in an aggregate principal amount
of $350 million with a maturity date of December 5, 2021. The
December 5, 2021 maturity date of the Extended ABL Facility
Commitments is subject to certain early maturity triggers based on
the maturity date and outstanding principal amount of certain
series of the Company's secured notes.

                              About Hexion Inc.

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

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

                          *     *     *

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

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


HMF GOLF: Baron Buying Reno Property for $500K
----------------------------------------------
HMF Golf, Inc., and WGC, Inc., ask the U.S. Bankruptcy Court for
the Western District of Pennsylvania to authorize the sale of HMF's
real property located at 314 Chestnut Street, Reno, Pennsylvania,
including but not limited to the golf course real estate, 18 hole
golf course of the Wanango Golf Club and all buildings and
improvements thereon, including the clubhouse, pro shop building,
and equipment building; and WGC's assets, to Baron, Inc. or its
assigns for $500,000, subject to overbid.

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

HMF owns the Real Property.

WGC operates the Wanango Golf Club and related concessions at
Wanango Golf Club, and owns the associated personalty.

The Debtors received an offer under a Purchase Agreement from the
Buyer to purchase the HMF's Real Property.  The Agreement also
covers the Buyer's purchase of the following assets from WGC: all
assets (tangible and intangible), including all of the rights,
titles, ownership interests, naming rights, copyrights, software,
fixtures, furniture, electronic equipment (phone, television,
security system, music system), equipment, supplies, and inventory
owned by the Debtor, including all personal property owned by the
Debtor and used in connection with the operation of the golf
course, restaurant, lounge and/or pro shop, including but not
limited to the 2017 membership dues, liquor license, flags, pins,
mowers, irrigation system, tees, fairways and rough ("Assets").

The parties that have asserted interests, claims or encumbrances
against the Debtors which may extend to the property to be sold
are:

           a. Northwest Bank holds secured claim and lien against
the Debtors' Real Property and Assets by virtue of an Open-End
Mortgage and Security Agreement in favor of Northwest Savings Bank,
dated and recorded on May 1, 2009 in the Venango County Court of
Common Pleas.  According to its Proofs of Claim, the amount due to
the Bank is approximately $436,301.

           b. SEDA-COG Local Development Corp. holds secured claim
and lien against the Debtors' Real Property and Assets by virtue of
a Mortgage dated Aug. 31, 2010 in the amount of $328,000 recorded
at Venango County Record Book 589, Page 776, assigned to the U.S.
Small Business Administration on Sept. 1, 2010 at Record Book 589,
Page 786.  SEDA-COG also holds an Assignment of Rents dated Aug.
31, 2010 based upon a Commercial Lease Agreement between HMF and
WGC recorded at Record Book 589, Page 792.

           c. In addition to the Mortgage lien against the Real
Property as described in the preceding paragraph, the United States
Small Business Administration holds a UCC-1 Financing Statement as
a secured party on the Debtor's personal property recorded with the
Pennsylvania Secretary of State at Financing Statement No.
2010082705702 on Aug. 27, 2010 and continued at Financial Statement
No. 2015061001236 on June 5, 2015.

           d. Michael F. Hughes and Joyce I. Hughes hold a Mortgage
against the Real Property in the original amount of $170,397,
recorded July 1, 2011 at Venango County Record Book 623, Page 347.

           e. There are unpaid real estate taxes due to the
Township of Cornplanter in the amount of at least $207.

           f. There are unpaid real estate taxes due to the City of
Oil City in the amount of at least $382.

           g. There are unpaid real estate taxes due to the Borough
of Sugarcreek in the amount of approximately $30,394.

           h. The United States Internal Revenue Service holds a
secured claim against WGC in the amount of $251,876 (Proof of Claim
No. 3 in Case No. 16-10347).  There are Federal Tax Liens recorded
against WGC in Venango County on June 15, 2015 at Case No.
2015-00741 in the amount of $188,402 and on Feb. 12, 2016 at Case
No. 2016-00139 in the amount of $24,878.

           i. The Pennsylvania Department of Revenue holds a
secured claim against WGC in the amount of $6,561 (Proof of Claim
No. 2 in Case No. 16-10347).  There was a judgment filed against
WGC on Aug. 24, 2016 in Venango County at Case No. 2016-00877 in
the amount of $4,981 for sales and employer taxes for the third
quarter of 2015.

           j. The Pennsylvania Department of Labor & Industry holds
a secured claim against WGC in the amount of $65,018 (Proof of
Claim No. 1 in Case No. 16-10347).  There were judgments entered
against WGC in Venango County on May 12, 2015 in the amount of
$49,345 at Case No. 2015-00588 for employer withholding taxes due
from 2015--2014; on July 17, 2014 in the amount of $11,667 at Case
No. 2014-00818 for unemployment compensation fund taxes; on
February 11, 2016 in the amount of $11,580 at Case No. 2016-00131
for 2015 unemployment compensation fund taxes; and, on May 3, 2016
in the amount of $1,725 at Case No. 2016-00462 for unemployment
compensation fund taxes.

           k. Wells Fargo Bank, NA allegedly holds a secured claim
against the Real Property in the amount of $261,712.  Wells Fargo
has not yet filed a proof of claim in either case.

           l. Todd McLaughlin is an equity security interest
holder.

           m. Steve Shingledecker is an equity security interest
holder.

           n. Matthew Hart is an equity security interest holder.

           o. Frances Fitzgerald is an equity security interest
holder.

The closing will be held on March 31, 2017.  Notwithstanding the
foregoing, upon reasonable notice to the Debtors, the Buyer may
elect to close sooner at any time after the Order approving the
sale of the Real Property and Assets becomes a final and
non-appealable Order.  The Buyer has deposited $25,000 with Brian
C. Thompson, counsel to the Debtors, which has been placed in his
firm's escrow account.  The Hand Money will be applicable to the
purchase price at closing.

The Debtors and the Buyer will evenly divide responsibility of
payment (50% paid by the Debtor and 50% paid by the Buyer) of any
applicable realty transfer stamps tax, unless the sale of the Real
Property will be exempt from realty transfer stamps tax pursuant to
Bankruptcy Code Section 1146(c).  Also, the real estate taxes will
be prorated as of the closing date for the calendar year in which
the closing date occurs based upon real estate taxes levied in that
year by each taxing body.  The other costs of sale, including
attorney fees as may be approved by the Court, after notice and
hearing on application, will be paid in advance of any distribution
to creditors.

Administrative expenses for the Debtors' attorney fees to Thompson
Law Group, P.C. in the approximate amount of $25,000, and
accountant fees to Richard & Associates in the approximate amount
of $17,650, are to be paid as a carve-out of the proceeds paid to
Wells Fargo under the Debtors' Chapter 11 Plan.  And, to the extent
necessary, any attorney's fees to Thompson Law not paid as a
carve-out from Wells Fargo are to be paid as a carve-out of the
proceeds paid to Northwest Savings Bank under the Debtors' Chapter
11 Plans, as per agreement.  In the alternative, said
administrative expenses are to be paid by virtue of 11 U.S.C.
Section 506(c).

Additionally, the proposed Bidding Procedures are intended to
provide for an open and fair auction of the Real Property and
Assets which will help to ensure an arm's-length, goodfaith sale.
The Bidding Procedures are intended to encourage competitive
bidding.

The Debtors have already filed a motion to approve Bidding
Procedures.  The Bid Procedures Motion, if and when approved, and
the Order of Court approving Bidding Procedures and other matters
related to the sale process, will be posted on the Court's EASI
website at www.pawb.uscourts.gov.

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

            http://bankrupt.com/misc/HMF_Golf_111_Sales.pdf

The Debtors ask the Court to approve the (i) proposed sale of Real
Property and Assets free and clear of any liens, claims and
encumbrances; (ii)  assumption and assignment of executory
contracts and unexpired leases of the Debtor, including the
Commercial Lease Agreement between HMF and WGC, for assignment to
the Buyer or other Successful Bidder; and authorize the Estates to
retain the net sale proceeds pending further Order of Court.

The Purchaser is represented by:

          Guy C. Fustine, Esq.
          KNOX MCLAUGHLIN GORNALL & SENNETT, P.C.
          120 West Tenth Street
          Erie, PA 16501

                          About HMF Golf

HMF Golf, Inc., filed a Chapter 11 petition (Bankr. W.D. Pa. Case
No. 16-10346) on April 13, 2016.  The petition was signed by Todd
McLaughlin, president.  The Debtor is represented by Brian C.
Thompson, Esq., at Thompson Law Group, P.C.  The Debtor estimated
assets and liabilities at $500,001 to $1 million at the time of
the filing.


HOSPITAL ACQUISITION: S&P Affirms Then Withdraws 'B-' CCR
---------------------------------------------------------
S&P Global Ratings said that it affirmed its 'B-' corporate credit
rating on LTAC services provider Hospital Acquisition LLC.  The
outlook is stable.

S&P subsequently withdrew all ratings on Hospital Acquisition,
including the issue-level rating.

The ratings reflected S&P's view of Hospital Acquisition's business
concentration as a provider of LTAC services and its significant
reliance on Medicare reimbursement, which represents about 65% of
its total revenues.  The ratings also reflected adjusted debt
leverage of 7x and funds from operation (FFO) to debt of 6.7% at
the end of the third quarter 2016, and financial sponsor
ownership.

The withdrawal was at the company's request.


HOTEL PARK: Hires Richard G. Hall, Esq. as Attorney
---------------------------------------------------
Hotel Park Regency, LLC seeks authority from the U.S. Bankruptcy
Court for the Eastern District of Virginia to employ Richard G.
Hall, Esq., as attorney.

The Debtor requires Mr. Hall to:

      a. advise and consult the Debtor concerning questions arising
in the conduct of the administration of the estate and concerning
the Debtor's rights and remedies with regard to the estate's assets
and the claims of secured, preferred and unsecured creditors and
other parties in interest.

      b. appear for, prosecute, defend and represent the Debtor
interest in suits arising in or related to this case.

      c. investigate and prosecute preference and other actions
arising under the debtor's avoiding powers.

      d. assist in the preparation of such pleadings, Motions,
Notices and Orders as are required for the orderly administration
of this estate; and consult with and advise the Debtor in
connection with the operation of the business of the Debtor.

      e. prepare and file a Plan and a Disclosure Statement and to
obtain the confirmation and completion of a Plan of reorganization,
and prepare a Final Report and a Final Accounting.

Mr. Hall will be paid for his service at these hourly rates:

      Attorney                       $350
      Para-professionals             $175

The Debtor has given Mr. Hall a $10,000 retainer, which will be
placed in escrow.

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

Mr. Hall may be reached at:

     Richard G. Hall, Esq.
     7369 McWhorter Place, Suite 412
     Alexandria, VA  22003
     Tel: (703)256-7159

                 About Hotel Park Regency LLC

Headquartered in Annandale, Va., Hotel Park Regency LLC filed for
Chapter 11 bankruptcy protection (Bankr. E.D. Va. Case No.
16-13442) on October 11, 2016. The Hon. Brian F. Kenney presides
over the case.  Weon Geun Kim, Esq. serves as bankruptcy counsel.

In its petition, the Debtor estimated $1 million to $10 million in
assets and liabilities. The petition was signed by Moon Park,
managing member.


HOVNANIAN ENTERPRISES: Sirwart Hovnanian Owns 2.7% of Shares
------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission on February 13, 2017, Sirwart Hovnanian disclosed that
she beneficially owns 3,521,405 shares of Class A Common Stock,
including 469,359 shares of Class A Common Stock held in a grantor
retained annuity trust of which Sirwart Hovnanian is the sole
trustee and annuitant. The shares beneficially owned represent
approximately 2.7% of the shares of Class A Common Stock, based
upon 132,046,012 shares of Class A Common Stock outstanding as of
December 14, 2016.

Such beneficial ownership represents approximately 1.2% of the
combined voting power of the Class A Common Stock and Class B
Common Stock.  Sirwart Hovnanian has sole power to vote or to
direct the vote and to dispose or direct the disposition of
3,521,405 shares of Class A Common Stock beneficially owned by
her.

A full-text copy of the regulatory filing is available for free at
https://is.gd/EkCDRB

                        About Hovnanian Enterprises

Red Bank, New Jersey-based Hovnanian Enterprises, Inc. (NYSE: HOV)
-- http://www.khov.com/-- founded in 1959 by Kevork S. Hovnanian,
is one of the nation's largest homebuilders with operations in
Arizona, California, Delaware, Florida, Georgia, Illinois,
Kentucky, Maryland, Minnesota, New Jersey, New York, North
Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia and
West Virginia.  The Company's homes are marketed and sold under the
trade names K. Hovnanian Homes, Matzel & Mumford, Brighton Homes,
Parkwood Builders, Town & Country Homes, Oster Homes and CraftBuilt
Homes.  As the developer of K. Hovnanian's Four Seasons
communities, the Company is also one of the nation's largest
builders of active adult homes.

Hovnanian reported a net loss of $2.81 million on $2.75 billion of
total revenues for the year ended Oct. 31, 2016, compared to a net
loss of $16.10 million on $2.14 billion of total revenues for the
year ended Oct. 31, 2015.

As of Oct. 31, 2016, Hovnanian Enterprises had $2.37 billion in
total assets, $2.50 billion in total liabilities and a total
stockholders' deficit of $128.51 million.

                           *     *     *

As reported by the TCR on April 22, 2016, Moody's Investors Service
downgraded the Corporate Family Rating of Hovnanian Enterprises to
'Caa2' and Probability of Default Rating to 'Caa2-PD'.  The
downgrade of the Corporate Family Rating reflects Moody's
expectation that Hovnanian will need to dispose of assets and seek
alternative financing methods in order to meet its upcoming debt
maturity wall.

Hovnanian carries a 'CCC+' corporate credit rating from S&P Global
Ratings.

In August 2016, Fitch Ratings affirmed the ratings of Hovnanian
Enterprises, including the company's Long-Term Issuer Default
Rating (IDR) at 'CCC' following the recently announced financing
commitments and proposed tender offer for its existing unsecured
notes.


I-69 DEVELOPMENT: S&P Affirms 'BB-' Rating on $243.8MM Bonds
------------------------------------------------------------
S&P Global Ratings affirmed its 'BB-' senior secured issue rating
on the Indiana Finance Authority's (IFA) $243.8 million long-term
private activity bonds series 2014 (various tranches fully
amortized in 2046) and issued for I-69 Development Partners LLC. At
same time, S&P removed the rating from CreditWatch, where it had
been placed with negative implications on Sept. 13, 2016.  The
outlook is positive.  S&P's recovery rating is unchanged at '1',
indicating a very high (95%) expected recovery in the event of a
payment default.

The U.S.-based IFA issued $243.845 million of PABs and loaned
proceeds to the obligor, limited-purpose entity I-69 Development
Partners LLC, to design, build, maintain, and operate Section 5 of
the Interstate 69 roadway between Martinsville and Bloomington,
Ind., through a public-private partnership agreement.

"The positive outlook reflects our view that an agreement between
counterparties expressed through a memorandum of understanding
(MOU) may support a higher rating if completed and we determine
that the contractor can complete the project in line with the MOU's
revised schedule proposed as May 2018," said S&P Global Ratings
credit analyst Tony Bettinelli.


INT'L MANAGEMENT: Oppenheimer Wins Summary Ruling in Clawback Suit
------------------------------------------------------------------
Judge Paul W. Bonapfel of the United States Bankruptcy Court for
the Northern District of Georgia, Atlanta Division, granted
Oppenheimer & Co.'s second motion for summary judgment in the
adversary proceeding captioned WILLIAM F. PERKINS, in his capacity
as Chapter 11 Trustee of International Management Associates, LLC,
and its affiliated Debtors, Plaintiff, v. LEHMAN BROTHERS, INC.;
OPPENHEIMER & CO., INC.; J.B. OXFORD & COMPANY; BANC OF AMERICA
SECURITIES, LLC; and TD AMERITRADE, INC., Defendants, Adv. No.
08-06186 (Bankr. N.D. Ga.).

Kirk Wright allegedly operated International Management Associates,
LLC, and affiliated entities as a Ponzi scheme.  Wright opened a
brokerage account with Oppenheimer in the name of IMA and
transferred funds of IMA to the account to engage in securities
trades.

IMA's Trustee alleged that IMA made transfers to the brokerage
account in the year preceding its bankruptcy in the total amount of
$6,640,000 with the actual intent to hinder, delay, or defraud
IMA's creditors and sought to recover them pursuant to 11 U.S.C.
section 548(a)(1)(A).  To establish IMA's actual fraudulent intent,
the Trustee relied primarily on the so-called Ponzi scheme
presumption.  The presumption is that "transfers made in
furtherance of [a Ponzi] scheme are presumed to have been made with
the intent to defraud for purposes of recovering the payments under
[section 548(a)(1)(A)]."

Oppenheimer first contended that the Trustee has not produced
evidence that IMA made the transfers with the required actual
intent to hinder, delay, or defraud creditors.

Judge Bonapfel concluded that, under the circumstances, the
transfers as a matter of law were not "in furtherance of" the Ponzi
scheme and that, therefore, the Ponzi scheme presumption does not
apply.  The judge further concluded that, in the absence of the
Ponzi scheme presumption, the Trustee's evidence is insufficient as
a matter of law to prove that IMA made the transfers with the
actual intent to hinder, delay, or defraud creditors.

Oppenheimer's second defense was based on the undisputed fact that
the transfers did not diminish IMA's estate or otherwise harm IMA's
creditors.  

Judge Bonapfel concluded that summary judgment must be denied on
this ground because a transfer may be avoidable under section
548(a)(1)(A) even if it was for contemporaneous, equivalent value.

Oppenheimer's third defense was the affirmative defense of section
548(c), which would provide a complete defense to Oppenheimer if
IMA received value in exchange for the transfers and Oppenheimer
received them in good faith.  

Judge Bonapfel concluded that the undisputed material facts
established that Oppenheimer's conduct satisfies the good faith
requirement under a subjective test of good faith.

Judge Bonapfel, therefore, granted summary judgment in favor of
Oppenheimer based on the absence of evidence to create disputes of
material fact with regard to IMA's actual fraudulent intent and
Oppenheimer's good faith and denied summary judgment on its defense
that a transfer for equivalent and contemporaneous value cannot be
a fraudulent transfer under section 548(a)(1)(A).

The bankruptcy case is IN RE: INTERNATIONAL MANAGEMENT ASSOCIATES,
LLC, et al., Debtors, Jointly Administered Under Case No. 06-62966
(Bankr. N.D. Ga.).

A full-text copy of Judge Bonapfel's January 10, 2017 order is
available at https://is.gd/MufUTA from Leagle.com.

International Management Associates, LLC, Debtor, represented by
Dennis S. Meir, KILPATRICK TOWNSEND & STOCKTON, LLP & John W.
Mills, III, Kilpatrick Stockton, LLP.

William F. x-Perkins, Trustee, is represented by:

          Bryan E. Bates, Esq.
          DENTONS US LLP
          303 Peachtree Street, NE, Suite 5300
          Atlanta, GA 30308
          Tel: (404)527-4000
          Fax: (404)527-4198

            -- and --

          Colin Michael Bernardino, Esq.
          Colleen H. Tillett, Esq.
          KILPATRICK STOCKTON, LLP
          Suite 2800, 1100 Peachtree Street NE
          Atlanta, GA 30309-4528
          Tel: (404)815-6500
          Fax: (404)815-6555
          Email: cbernardino@kilpatricktownsend.com

            -- and --

          J. Robert Williamson, Esq.
          SCROGGINS & WILLIAMSON, P.C.
          4401 Northside Parkway, Suite 450
          Atlanta, GA 30327
          Tel: (404)893-3880
          Fax: (404)893-3886

Office of U.S. Trustee, U.S. Trustee, is represented by:

          Leroy Culton, Esq.
          R. Jeneane Treace, Esq.
          David S. Weidenbaum, Esq.
          OFFICE OF THE U.S. TRUSTEE
          75 Ted Turner Drive, S.W., Room 362
          Atlanta, GA 30303
          Tel: (404)331-4437
          Fax: (404)331-4464

Annette K. Bond is represented by:

          James K. Knight, Jr., Esq.
          401 Atlanta St Se
          Marietta, GA 30060
          
Official Committee of Investors, Creditor Committee, is represented
by:

          Mark S. Kaufman, Esq.
          MCKENNA LONG & ALDRIDGE, LLP
          747 Third Avenue, 32nd Floor
          New York, NY 10017
          Tel: (212)293-5556
          Fax: (212)355-5009
          Email: kaufman@kaufmankahn.com

      About International Management Associates

Headquartered in Atlanta, Georgia, International Management
Associates, LLC -- http://www.imafinance.com/-- managed hedge
funds for investors.  The company and nine of its affiliates filed
for chapter 11 protection (Bankr. N.D. Ga. Case No. 06-62966) on
March 16, 2006.  David A. Geiger, Esq., and Dennis S. Meir, Esq.,
at Kilpatrick Stockton LLP, represent the Debtors in their
restructuring efforts.  James R. Sacca, Esq., at Greenberg Traurig,
LLP, and Mark S. Kaufman, Esq., at McKenna Long & Aldridge, LLP,
represent the Official Committee of Unsecured Creditors.  When the
Debtors filed for protection from their creditors, they did not
state their total assets but estimated total debts to be more than
$100 million.

On April 28, 2006, the Court appointed William F. Perkins as the
Debtors' chapter 11 trustee.  Kilpatrick Stockton LLP represents
Mr. Perkins.


ITT EDUCATIONAL: Capital World Ceases as Shareholder
----------------------------------------------------
Capital World Investors reported 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 copy of the regulatory filing is
available for free at https://is.gd/fP6xak

                      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. Case No. 16-07207) on
Sept. 16, 2016.


JO-LIN HEALTH: Taps Andrews Tackett, Howard Wershbale as Accountant
-------------------------------------------------------------------
Jo-Lin Health Center, Inc., seeks authorization from the U.S.
Bankruptcy Court for the Southern District of Ohio to retain
Andrews, Tackett & Associates and Howard, Wershbale & Co., as
accountants.

The Debtor requires Andrews, Tackett & Associates and Howard,
Wershbale & Co. (collectively "Accountants") to:

     a. prepare 2016 local, state and federal tax returns; and

     b. prepare 2016 annual cost reports required by Medicare and
Medicaid.

The Debtor and the Accountants have agreed a fixed fee for the
services. The fixed fee for Andrews Tackett is $5,100 and the fixed
fee for HW is $8,000.

Danny Tackett, president of Andrews, Tackett & Associates, assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Ryan P. Kramer, principal of Howard, Wershbale & Co., 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 Accountants may be reached at:

       Danny Tackett
       Andrews, Tackett & Associates
       1014 Bellefonte Road
       PO Box 832
       Flatwoods, KY 41139
       Tel: 606.836.5335
       Fax: 606.836.1797

              -and-

       Ryan P. Kramer
       Howard, Wershbale & Co.
       460 Polaris Parkway, Suite 300
       Westerville, OH 43082
       Tel: 614.794.8710
       E-mail: kramer@hwco.com

               About Jo-Lin Health Center, Inc.

Jo-Lin Health Center, Inc., owns and operates a 125-bed nursing
home facility.  An increase in Ohio's "bed tax" caused Jo-Lin to
seek chapter 11 protection (Bankr. S.D. Ohio Case No. 16-11898) on
May 17, 2016. The bankruptcy petition was signed by Jo Linda
Heaberlin, President.  The case is assigned to Judge Jeffery P.
Hopkins.  The Debtor estimated both assets and liabilities in the
range of $1 million to $10 million.

The Debtor is represented by Michael B. Baker, Esq., at The Baker
Firm PLLC and Dean Langdon, Esq., at Delcotto Law Group PLLC.  


JOHN GORMAN: Trustee's Sale of Escondida Interests for $80K Okayed
------------------------------------------------------------------
Judge Tony M. Davis of the U.S. Bankruptcy Court for the Western
District of Texas authorized the sale by Richard Schmidt, Chapter
11 Trustee for John J. Gorman IV, of the Debtor's interests in
Ecoturismo La Escondida, Ltd., and Ecoturismo La Escondida
Management, LLC, to Dave G. Kveton for $80,000 in accordance with
terms and conditions set forth in the Purchase Agreements.

The sale is free and clear of all liens, claims, encumbrances and
other interests.

According to the Debtor's testimony, Ecoturismo La Escondida Mgt.
owns a large undeveloped ranch located in Mexico.  The Trustee has
discovered that the interests in the Mexican Ranch are actually
owned through two entities, Ecoturismo La Escondida Mgt. and
Ecoturismo La Escondida.  Escondida Mgt. is the general partner of
Escondida Ltd.  The Debtor owns a 25 interest in each of the
Escondida entities.  Escondita Mgt. owns a 1% interests in
Escondita Ltd.

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

         http://bankrupt.com/misc/John_Gorman_142_Sales.pdf

John J. Gorman IV filed a Chapter 11 petition (Bankr. W.D. Tex.
Case No. 16-10740) on June 27, 2016, and is represented by Kell C.
Mercer, Esq.


JOHNS TRUCKING: Seeks to Hire Diaz & Larsen as Legal Counsel
------------------------------------------------------------
Johns Trucking Inc. seeks approval from the U.S. Bankruptcy Court
for the District of Utah to hire legal counsel in connection with
its Chapter 11 case.

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

The firm has received a $20,000 retainer from the Debtor.

Diaz & Larsen does not have any connection with or any interest
adverse to the Debtor and its creditors, according to court
filings.

The firm can be reached through:

     Andres Diaz, Esq.
     Timothy Larsen, Esq.
     Diaz & Larsen
     307 West 200 South, Suite 2004
     Salt Lake City, UT 84101
     Tel: (801) 596-1661
     Fax: (801) 359-6803
     Email: courtmail@adexpresslaw.com

                    About Johns Trucking Inc.

Johns Trucking Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Utah Case No. 17-20954) on February 13,
2017.  The case is assigned to Judge R. Kimball Mosier.

At the time of the filing, the Debtor estimated assets of less than
$1 million.

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


JOSEPH HEATH: Zhang Buying Alexandria Property for $550K
--------------------------------------------------------
Joseph F. Heath asks the U.S. Bankruptcy Court for the Eastern
District of Virginia to authorize the sale of real property known
as 2449 Huntington Park Drive, Alexandria, Virginia, to Andy Zhang
for $550,000, with a $5,000 credit to the Buyer.

The Debtor and the Buyer entered into Residential Sales Contract,
dated Jan. 17, 2017, with Addendums.

The material terms of the Contract are:

          a. Seller: Joseph F. Heath

          b. Buyer: Andy Zhang

          c. Property to be Sold: 2449 Huntington Park Drive,
Alexandria, Virginia

          d. Purchase Price: $550,000

          e. Deposit: $5,000

          f. Terms: Free and clear of all liens.

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

     http://bankrupt.com/misc/Joseph_Heath_101_Sales.pdf

The application for employment of the realtor, Howard Wallach, has
been submitted with an order which was entered on Jan. 12, 2017.
His Application and Listing Agreement specifies a 3.5% (total)
commission on the sale.

The property is encumbered by 2 liens: (i) a Deed of Trust with
Chase Mortgage with a balance of approximately $402,909; and (ii) a
tax lien in the amount of $970,369.  The total of all liens on the
property exceed the property's value and the net proceeds which are
expected to come from the proposed sale.

Upon information and belief, the trust holders whose claims are
impaired by the proposed sale either have or will consent to the
sale.

The property currently has a negative cash flow of approximately
$3,000 per month.

The proposed sale is in the best interest of the estate, since it
represents the greatest value to the estate and to the creditors
which may be derived from the property, and also because the sale
of the property will reduce the indebtedness owed to the IRS on its
blanket lien, and help to create equity in the other properties
securing their claims, and improve the Debtor's financial situation
by eliminating the negative cash flow associated with the property.
Accordingly, the Debtor asks that the Court (i) approves the sale
of the property free and clear of all liens; (ii) allows the costs
of sale including the real estate commission be paid from the
settlement; (iii) allows that the claims of the lien holder will
attach to the net proceeds of the sale in the order of their
priority; and (iv) for such other relief as may be needed.

                      About Joseph F. Heath

Joseph F. Heath sought Chapter 11 protection (Bankr. E.D. Va. Case
No. 07-14107) on Dec. 27, 2007.  The Debtor estimated assets in
the range of $0 to $50,000 and $100,001 to $500,000 in debt.  The
Debtor tapped Bennett A. Brown, Esq., at The Law Office of Bennett
A. Brown, as counsel.


KANE CLINICS: Plan Disclosures Hearing Set for March 14
-------------------------------------------------------
Judge Lisa Ritchey Craig of the U.S. Bankruptcy Court for the
Northern District of Georgia conditionally approved the disclosure
statement in support of the chapter 11 plan of reorganization filed
by The Kane Clinics LLC on Feb. 7, 2017.

March 9, 2017, is fixed as the last day for filing written
acceptances or rejections of Debtor's Plan.

March 9, 2017, is fixed as the last day for filing and serving
written objections to the Disclosure Statement or to confirmation
of the Plan.

A hearing will be held in in the U.S. Bankruptcy Court, Courtroom
1204, Richard B. Russell Federal Building and U.S. Courthouse, 75
Ted Turner Drive, SW, Atlanta, Georgia 30303 at 10:15 a.m. on
March 14, 2017, (1) to consider any objections to the Disclosure
Statement, (2) to consider confirmation of the Plan and (3) to
determine the value of collateral and extent to which claims are
secured.

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

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

            https://is.gd/M8bHwv

About The Kane Clinics

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

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

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

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


KB HOME: S&P Affirms 'B' CCR & Revises Outlook to Positive
----------------------------------------------------------
S&P Global Ratings said it affirmed its ratings, including its 'B'
corporate credit rating, on Los Angeles-based KB Home and revised
the rating outlook to positive from stable.  The recovery rating on
all of the company's senior unsecured debt remains '3', indicative
of S&P's expectation for meaningful (50%-70%; high end of the
range) recovery to bondholders in the event of default.

KB Home has expanded its market presence over the past few years,
increasing revenue by roughly 50% to $3.6 billion in 2016 from $2.4
billion in 2014, and has made progress on its stated objective to
reduce debt.

"The positive outlook on KB Home recognizes stronger performance
than our expectations over the past two years and the resultant
improvement in debt leverage, and our forecast for leverage to
continue its positive trajectory as the company increases its home
sale volume over the next 12 months," said S&P Global Ratings
credit analyst Christopher Andrews.

S&P could raise its corporate credit rating on KB to 'B+' within
the next 12 months if EBITDA growth pushes leverage closer to 5x,
while the company continues to grow within its existing markets and
maintains adjusted homebuilding margins close to 21%.

Although S&P views it as unlikely, it could return the outlook to
stable if the company's land investment is materially more
aggressive than S&P expects in 2017 and if this investment is
partially debt financed.  Similarly, if weaker-than-expected
margins delay leverage improvement such that S&P do not forecast a
path back to 5x debt to EBITDA, S&P could also revise the outlook
to stable.


LANDMARK HOSPITALITY: Disclosures OK; Plan Hearing on May 24
------------------------------------------------------------
The Hon. Brenda Moody Whinery of the U.S. Bankruptcy Court for the
District of Arizona has approved Landmark Hospitality, LLC's second
amended disclosure statement for its second amended plan of
reorganization, dated Jan. 27, 2017, which would pay unsecured
creditors 15% of their allowed claims.

The hearing to consider the confirmation of the Plan will be held
on May 24, 2017, at 10:00 a.m.

The last day for filing with the Court written acceptances or
rejections of the Plan is fixed at five business days prior to the
hearing date set for confirmation of the Plan.

The last day for filing and serving of written objections to
confirmation of the Plan is fixed at five business days prior to
the hearing date set for confirmation of the Plan.

The written report by proponent is ordered to be filed three
business days prior to the hearing date set for the confirmation of
the Plan.

If the Debtor is an individual, the hearing date is the last date
to file a complaint objecting to the discharge of the Debtor.

As reported by the Troubled Company Reporter on Feb. 1, 2017, the
Debtor filed with the Court a second amended disclosure statement
for its second amended plan of reorganization, dated Jan. 27, 2017,
which would pay unsecured creditors 15% of their allowed claims.
Under the Plan, Class 19 consists of the claim of HLT Existing
Franchise Holding, LLC to the extent of the Franchise License
Agreement.  HLT has filed a claim in the amount of $31,058.26.  The
claimant will be paid the amount of its allowed claim 30 days after
the Effective Date.  This class is impaired.

                About Landmark Hospitality

Landmark Hospitality, LLC, sought protection under Chapter 11 of
the Bankruptcy Code in the U.S. Bankruptcy Court for the District
of Arizona (Tucson) (Case No. 16-02826) on March 21, 2016.

The petition was signed by Jyotindra Patel, member.  The case is
assigned to Judge Brenda Moody Whinery.

The Debtor is represented by Eric Slocum Sparks, Esq., at Eric
Slocum Sparks PC.

The Debtor disclosed total assets of $2.78 million and total debts
of $3.75 million.


LES CHEVEUX: Disclosure Statement Hearing Moved to March 20
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Virginia
moved the hearing to consider approval of the disclosure statement
of Les Cheveux Salon, Inc., to March 20.

The hearing will take place at 2:00 p.m., at the U.S. Bankruptcy
Court, Second Floor, 210 Church Avenue, Roanoke, Virginia.  
Objections are due by March 13.

                        About Les Cheveux

Les Cheveux Salon, Inc., based in Roanoke, Virginia, filed a
Chapter 11 petition (Bankr. W.D. Va. Case No. Case No. 16-71058) on
Aug. 10, 2016.  The Hon. Paul M. Black presides over the case.
Andrew S. Goldstein, Esq., at Magee Goldstein Lasky & Sayers, P.C.,
serves as bankruptcy counsel.

In its petition, the Debtor estimated $500,000 to $1 million in
assets and $1 million to $10 million in liabilities. The petition
was signed by Sherman D. Argenbright, president.

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

On January 31, 2017, the Debtor filed its Chapter 11 plan and
disclosure statement.


LEWIS HEALTH: Unsecureds to Get $400 Per Month Over Five Years
--------------------------------------------------------------
Lewis Health Institute, Inc., filed with the U.S. Bankruptcy Court
for the Southern District of Florida a disclosure statement dated
Feb. 15, 2017, referring to the Debtor's plan of reorganization.

The undisputed Class Seven General Unsecured Claims total the
amount of $138,631.68 will be repaid over a five-year term of the
Plan at the rate of $400 per month for Month 1-60, on a pro rata
basis, which payments will commence on the Effective Date of the
Plan.

The payments of new value contributions and other post-bankruptcy
contributions by the principals of the Debtor, as necessary to fund
operations, will be in full settlement and satisfaction of all
claims against the principals.

The Disclosure Statement is available at:

          http://bankrupt.com/misc/flsb15-25980-162.pdf

                About Lewis Health Institute, Inc.

Lewis Health Institute, Inc., filed a Chapter 11 petition (Bankr.
S.D. Fla. Case No. 15-25980) on Sept. 3, 2015.  The petition was
signed by Yolanda V. Lewis, president.  The Debtor is represented
by Craig I. Kelley, Esq., at Kelley & Fulton, PL.  The case is
assigned to Judge Paul G. Hyman, Jr.  The Debtor estimated assets
at $0 to $50,000 and liabilities at $100,001 to $500,000 at the
time of the filing.


LIBERTY INDUSTRIES: Unsecureds to Recover 100% Over 72 Months
-------------------------------------------------------------
Liberty Industries, L.C., and Liberty Properties At Newburgh, L.C.,
filed with the U.S. Bankruptcy Court for the Southern District of
Florida a joint disclosure statement filed on Feb. 15, 2017,
referring to the Debtors' plan of reorganization.

Class 3 - General Unsecured Claims are impaired by the Plan.  Class
3 claims total $635,524.50.  Class 3 creditors will receive 100% of
their allowed claim, without interest, in equal monthly payments
totaling $8826.74 over a 72-month period, starting on the first day
of the month after the Effective Date, in full satisfaction of such
claim.

Class 1 - Secured claim of Regions Bank (Real Property Mortgage;
lien on all assets) Liberty Industries, LC and Liberty Properties
at Newburgh, LC) in the amount of $2,766,918.61 (Claim No.5), is
impaired.  On the Effective Date, the Regions Allowed Secured claim
in the amount of $2,766,918.61 will be secured by the existing
liens of Regions upon the Debtors' Real Property and Personal
Property assets including accounts receivable, inventory, machinery
and equipment and will bear interest at the rate of four percent
(4.0%) per annum or other rate as may be determined by the Court to
reflect a market rate of interest as of the hearing date to
consider confirmation of the Plan; and will be paid in monthly
installments, based on a 15-year amortization schedule at 4.0% APR,
with monthly payments of $18,204.00 commencing on the first day of
the calendar month following the Effective Date, with all
outstanding principal and interest of $1,332,000.00 being due and
payable in full in seven (7) years after the Effective Date.

In the event any of the collateral of Regions is sold by the
Debtors in the ordinary course of business, Regions will release
its lien upon such collateral upon payment of the net sale proceeds
derived from such sale, after payment of customary costs of sale
and brokers’ fees, and such payment shall be applied to the
outstanding balance of the Allowed Secured Class.

Payments and distributions under the Plan will be funded by
continued operation of the Debtors' businesses.
The Disclosure Statement is available at:

            http://bankrupt.com/misc/flsb16-22332-60.pdf

                      About Liberty Industries

Liberty Industries, L.C., and Tower Innovations and Liberty
Properties at Newburgh, L.C., own commercial manufacturing facility
and office complex located in Newburgh, Indiana, including 22.6
acres of real property: 6,000 square foot office building, a 28,000
square foot manufacturing facility and a 3,800 square foot
warehouse and support facility.  The Property is leased to the
Debtor, Liberty Industries by Liberty Properties.  The Debtor,
Liberty Industries is a leading manufacturer of Broadcast and
Telecommunication Infrastructure Tower Systems serving domestic and
international markets. The Debtors engage in the design,
manufacturing, installation and sale of these Tower Systems,
ranging from 100 feet Self-Support Cellular Towers up to 2,000 feet
Guyed Tower Systems for the Television and Radio Broadcasting
marketplace.

The Debtors filed Chapter 11 petitions (Bankr. S.D. Fla. Case Nos.
16-22332 and 16-22333) on Sept. 7, 2016.  The petitions were signed
by Barbara Wortley, managing member.

The Debtors are represented by Robert C. Furr, Esq., at Furr &
Cohen. The jointly-administered cases are assigned to Judge Erik
P. Kimball.

The Debtors estimated assets and liabilities at $1 million to $10
million at the time of the filing.


LIME ENERGY: Completes Reverse/Forward Stock Split
--------------------------------------------------
Lime Energy Co. completed its previously announced reverse/forward
stock split by filing the following documents with the office of
the Secretary of State of Delaware:

   * A Certificate of Amendment to the Company's Certificate of
     Incorporation to effect the reverse stock split at 6:00 p.m.
     Eastern Time on Feb. 10, 2017; and

   * A Certificate of Amendment to the Company's Certificate of
     Incorporation to effect the forward stock split at 6:01 p.m.
     Eastern Time on Feb. 10, 2017.

As a result of the filing of the two Certificates of Amendment
referred to above:

   * Each holder of record of fewer than 300 shares of the
     Company's Common Stock immediately prior to the effective
     time of the reverse stock split will receive a cash payment
     equal to $2.49, subject to any applicable U.S. federal, state
     and local withholding tax, without interest, per pre-split
     share.  Those holders of record will no longer be s
     tockholders of the Company with respect to such shares; and

   * Each stockholder of record owning at least 300 shares of
     Common Stock immediately prior to the effective time of the
     reverse stock split will continue to hold the same number of
     shares of Common Stock after completion of the reverse stock
     split and the forward stock split.

As a result of the reverse/forward stock split, the Company expects
to have fewer than 300 record holders of the Common Stock, which
will cause the Common Stock to be eligible for termination of
registration under the Securities Exchange Act of 1934, as amended.
The Company intends to file a notice on Form 15 with the SEC to
terminate the Common Stock's registration under Section 12(g) of
the Exchange Act.  Upon the filing of the Form 15, the Company's
obligation to file periodic and current reports under the Exchange
Act will be immediately suspended.  Deregistration of the Common
Stock will be effective 90 days after filing of the Form 15.  Upon
deregistration of the Common Stock, the Company's obligation to
comply with the requirements of the proxy rules and to file proxy
statements under Section 14 of the Exchange Act will also be
suspended.  The Company will not be required to file periodic and
current reports with the SEC in the future unless it subsequently
files another registration statement under the Securities Act of
1933, as amended, becomes listed on a national securities exchange,
or again has at least 300 record holders of common shares.

                       About Lime Energy

Headquartered in Huntersville, North Carolina, Lime Energy Co. --
http://www.lime-energy.com/-- is engaged in planning and
delivering clean energy solutions that assist its clients in their
energy efficiency and renewable energy goals.  The Company's
solutions include energy efficient lighting upgrades, energy
efficient mechanical and electrical retrofit and upgrade services,
water conservation, building weatherization, on-site generation
and renewable energy project development and implementation.  The
Company provides energy solutions across a range of facilities,
from high-rise office buildings, distribution facilities,
manufacturing plants, retail sites, multi-tenant residential
buildings, mixed use complexes, hospitals, colleges and
universities, government sites to small, single tenant facilities.

Lime Energy reported a net loss available to common stockholders of
$4.44 million on $113 million of revenue for the year ended Dec.
31, 2015, compared to a net loss available to common stockholders
of $5.60 million on $58.8 million of revenue for the year ended
Dec. 31, 2014.

As of Sept. 30, 2016, Lime Energy had $49.72 million in total
assets, $42.87 million in total liabilities, $11.78 million in
contingently redeemable series C preferred stock, and a total
stockholders' deficit of $4.93 million.


LINDSAY GENERAL: Disclosures OK'd; Plan Hearing Set For May 18
--------------------------------------------------------------
The Hon. Wendy L. Hagenau of the U.S. Bankruptcy Court for the
Northern District of Georgia has approved Lindsay General Insurance
Agency, et al.'s amended disclosure statement dated Feb. 13, 2017,
referring to the Debtors' plan of reorganization, dated Feb. 13,
2017.

A hearing to consider the confirmation of the Plan will be held on
May 18, 2017, at 1:30 p.m.

April 27, 2017, is the last day for filing and serving written
objections to confirmation of the Plan.

April 27, 2017, is fixed as the last day for filing written
acceptances or rejections of the Plan.

As reported by the Troubled Company Reporter on Feb. 17, 2017, the
Debtors filed with the Court 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.

               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.


LIVING COLOUR: Asks Court to Move Plan Filing Period to May 16
--------------------------------------------------------------
Living Colour Landscape, LLC and Marula Props, LLC ask the U.S.
Bankruptcy Court for the Southern District of Florida to extend
their exclusive periods to file a plan and disclosure statement,
and to solicit acceptances to the plan, through May 16, 2017 and
July 17, 2017, respectively.

Pursuant to the Court's Order extending the Debtor's deadline to
file a Plan and Disclosure Statement, the Debtor would have until
February 15, 2017, to file a Plan and until April 17, 2017, to
solicit acceptances of the Plan.

However, the Debtors contend that they are still currently in
negotiations with their creditors, in efforts to resolve claim
amounts and terms, which will have a material impact on the plan.


                About Living Colour Landscape, LLC

Lake Worth, Florida-based Living Colour Landscapes, LLC and Marula
Props, LLC, filed for Chapter 11 bankruptcy protection (Bankr. S.D.
Fla. Case Nos. 16-15773 and Case No. 16-15774) on April 21, 2016.
The petitions were signed by Deon Botha, manager.

Judge Paul G. Hyman, Jr., presides over the cases. Aaron A Wernick,
Esq., at Furr & Cohen serves as the Debtors' bankruptcy counsel.

Living Colour Landscapes disclosed $323,979 in total assets and
$1.31 million in total liabilities.  Marula Props disclosed
$179,252 in total assets and $1.25 million in total liabilities.


MARRONE BIO: Senvest Management No Longer a Shareholder
-------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Senvest Management, LLC and Richard Mashaal disclosed
that as of Dec. 31, 2016, they have ceased to beneficially own
shares of common stock of Marrone Bio Innovations, Inc.  A
full-text copy of the regulatory filing is available for free at:

                     https://is.gd/XQHvQF

                      About Marrone Bio

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

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

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

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


MAUI LAND: ValueWorks Holds 5.8% Equity Stake as of Dec. 31
-----------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, ValueWorks, LLC and Charles Lemonides disclosed that as
of Dec. 31, 2016, they beneficially own 1,111,895 shares of common
stock of Maui Land & Pineapple Company, Inc. representing 5.8
percent of the shares outstanding.  A full-text copy of the
regulatory filing is available for free at https://is.gd/PjSPwH

                 About Maui Land & Pineapple Co.

Maui Land & Pineapple Company, Inc. (NYSE: MLP) --
http://mauiland.com/-- develops, sells, and manages residential,  

resort, commercial, and industrial real estate.  The Company owns
approximately 23,000 acres of land on Maui and operates retail,
utility operations, and a nature preserve at the Kapalua Resort.
The Company's principal subsidiary is Kapalua Land Company, Ltd.,
the operator and developer of Kapalua Resort, a master-planned
community in West Maui.

Maui Land reported net income of $6.81 million for the year ended
Dec. 31, 2015, compared to net income of $17.63 million for the
year ended Dec. 31, 2014.

Accuity LLP, in Honolulu, Hawaii, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that: "The Company had outstanding
borrowings under two credit facilities totaling $40.6 million as of
December 31, 2015.  The Company has pledged a significant portion
of its real estate holdings as security for borrowings under its
credit facilities, limiting its ability to borrow additional funds.
Both credit facilities mature
on August 1, 2016.

"Absent the sale of some of its real estate holdings, refinancing,
or extending the maturity date of its credit facilities, the
Company does not expect to be able to repay its outstanding
borrowings on the maturity date.

"The credit facilities have covenants requiring among other things,
a minimum of $3 million in liquidity (as defined), a maximum of
$175 million in total liabilities, and a limitation on new
indebtedness.  The Company's ability to continue to borrow under
its credit facilities to fund its ongoing operations and meet its
commitments depends upon its ability to comply with its covenants.
If the Company fails to satisfy any of its loan covenants, each
lender may elect to accelerate its payment obligations under such
lender's credit agreement.

"The Company's cash outlook for the next twelve months and its
ability to continue to meet its loan covenants is highly dependent
on selling certain real estate assets at acceptable prices.  If the
Company is unable to meet its loan covenants, borrowings under its
credit facilities may become immediately due, and it would not have
sufficient liquidity to repay such outstanding borrowings.

"The Company's credit facilities require that a portion of the
proceeds received from the sale of any real estate assets be repaid
toward its loans.  The amount of proceeds paid to its lenders will
reduce the net sale proceeds available for operating cash flow
purposes.

"The aforementioned circumstances raise substantial doubt about the
Company's ability to continue as a going concern."


MAXUS ENERGY: Mallinckrodt Appointed as Committee Member
--------------------------------------------------------
Andrew Vara, acting U.S. trustee for Region 3, on Feb. 17 appointed
Mallinckrodt Pharmaceuticals to Maxus Energy Corp.'s official
committee of unsecured creditors.  

Mallinckrodt replaced Brown and Caldwell, which resigned as member
of the committee, according to a filing with the U.S. Bankruptcy
Court for the District of Delaware.

The unsecured creditors' committee is now composed of:

     (1) Mallinckrodt Pharmaceuticals
         Attn: Karen Burke
         875 McDonnell Blvd.
         Hazelwood, MO 63042
         Phone: 314-654-5838
         Fax: 314-654-3156

     (2) Lower Passaic River Study Area
         Cooperating Parties Group
         Attn: Mackenzie Shea, Esq.
         K&L Gates, LLP
         State Street Financial Center
         1 Lincoln Street
         Boston, MA 02111
         Phone: 617-261-3250
         Fax: 617-261-3175

     (3) Occidental Chemical
         Attn: Mike Anderson
         5 Greenway Plaza
         Houston, TX 77046-0521
         Phone: 713-350-4925
         Fax: 713-485-5808

                 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).


MESOBLAST LIMITED: Capital Research Reports 7.9% Equity Stake
-------------------------------------------------------------
Capital Research Global Investors disclosed in an amended Schedule
13G filed with the Securities and Exchange Commission that as of
Dec. 30, 2016, it beneficially owns 30,364,000 ordinary shares of
Mesoblast Limited representing 7.9 percent of the shares
outstanding.  A full-text copy of the regulatory filing is
available for free at https://is.gd/fIOWFq

                    About Mesoblast Ltd.

Melbourne, Australia-based Mesoblast Limited (ASX:MSB; Nasdaq:MESO)
develops cell-based medicines.  The Company has leveraged its
proprietary technology platform, which is based on specialized
cells known as mesenchymal lineage adult stem cells, to establish a
broad portfolio of late-stage product candidates.  Mesoblast's
allogeneic, 'off-the-shelf' cell product candidates target advanced
stages of diseases with high, unmet medical needs including
cardiovascular diseases, immune-mediated and inflammatory
disorders, orthopedic disorders, and oncologic/hematologic
conditions.

Mesoblast reported a loss before income tax of $90.82 million for
the year ended June 30, 2016, compared to a loss before income
tax of $96.24 million for the year ended June 30, 2015.

As of Sept. 30, 2016, Mesoblast had $665.4 million in total
assets, $155.6 million in total liabilities and $509.9 million in
total equity.

PricewaterhouseCoopers, in Melbourne, Australia, issued a "going
concern" qualification on the consolidated financial statements
for the year ended June 30, 2016, citing that the Company has
suffered recurring losses from operations that raise substantial
doubt about its ability to continue as a going concern.


MF GLOBAL: Bermuda Insurers Held in Contempt for TRO Violation
--------------------------------------------------------------
Judge Martin Glenn of the United States Bankruptcy Court for the
Southern District of New York held the Bermuda Insurers in contempt
in the adversary proceeding captioned MF GLOBAL HOLDINGS LTD., as
Plan Administrator, and MF GLOBAL ASSIGNED ASSETS LLC, Plaintiffs,
v. ALLIED WORLD ASSURANCE COMPANY LTD., IRON-STARR EXCESS AGENCY
LTD., IRONSHORE INSURANCE LTD., STARR INSURANCE & REINSURANCE
LIMITED., and FEDERAL INSURANCE COMPANY, Defendants, Adv. Proc. No.
16-01251 (MG) (Bankr. S.D.N.Y.).

On August 10, 2016, the Bankruptcy Court entered an order approving
a global settlement in the chapter 11 cases of MF Global Holdings
Ltd., and its affiliates.  The global settlement included a bar
order.

On October 27, 2016, the plaintiffs filed a complaint initiating an
adversary proceeding against the Allied World Assurance Company
Ltd., Iron-Starr Excess Agency Ltd., Ironshore Insurance Ltd., and
Starr Insurance & Reinsurance Limited (together, the "Bermuda
Insurers") and Federal Insurance Company.  The defendants had
issued the top four layers of excess E&O insurance policies to MF
Global Holdings, Ltd. (MFGH).  All other insurers in MFGH's D&O and
E&O insurance towers paid their policy limits (to the extent not
already exhausted) as part of the global settlement.  The
plaintiffs brought the action to recover the $25 million policy
proceeds under the defendants' E&O insurance policies.

On November 8, 2016, the Bermuda Insurers obtained, ex parte,
injunctive orders from the Supreme Court of Bermuda, Civil
Jurisdiction.

On December 21, 2016, the Bankruptcy Court issued a Memorandum
Opinion and Temporary Restraining Order (TRO), enjoining the
Bermuda Insurers from taking any action to enforce certain
injunctive orders issued by a Bermuda court.  Following the Court's
issuance of the TRO Opinion, the Bermuda Insurers submitted
pleadings to the Bermuda Court, and appeared before the Bermuda
Court at a hearing on December 22, 2016, seeking relief tantamount
to the enforcement of the injunctive orders.

On December 29, 2016, the Bankruptcy Court entered the Order to
Show Cause Why Allied World Assurance Company Ltd., Iron-Starr
Excess Agency Ltd., Ironshore Insurance Ltd., and Starr Insurance &
Reinsurance Limited Should Not be Held in Contempt for violating
the TRO.  The Order to Show Cause referred to the injunctive
provisions of the TRO, the relief sought by the Bermuda Insurers
before the Bermuda Court, and the subsequently entered orders, and
ordered the Bermuda Insurers to file a written response addressing
why they should not be held in contempt for violating the TRO by
asking the Bermuda Court to order the plaintiffs to dismiss the
adversary proceeding before the Bankruptcy Court and for other
relief.

The plaintiffs argued that the Bermuda Insurers have willfully
violated the TRO.  The Bermuda Insurers argued that they have not
violated the TRO, and by seeking the relief they requested in the
Bermuda Court on December 22, 2016, they were merely "prosecuting
the case" they brought in Bermuda in compliance with the language
of the TRO.

Judge Glenn found that the Bermuda Insurers' simplistic
characterization conveniently ignores the fact that the injunctive
orders restrained the plaintiffs from prosecuting or otherwise
pursuing litigation in the U.S. relating to the underlying
insurance policy, and the Bermuda Insurers, through their
pleadings, affidavits, and argument made at the December 22, 2016
hearing, asked the Bermuda Court to order the plaintiffs to dismiss
the adversary proceeding altogether.  Judge Glenn found that this
is substantively indistinguishable from enforcement of the
injunctive orders.  The judge held that the Bermuda Insurers have
consistently undermined the Bankruptcy Court's ability to
adjudicate the issues properly before it, and in order to protect
"the due and orderly administration of justice," Judge Glenn held
the Bermuda Insurers in contempt.

A full-text copy of Judge Glenn's January 12, 2017 memorandum
opinion and order is available at https://is.gd/JVBRZY from
Leagle.com.

MF Global Holdings Ltd. is represented by:

          Daniel J. Fetterman, Esq.
          KASOWITZ, BENSON, TORRES & FRIEDMAN LLP
          1633 Broadway
          New York, NY 10019
          Tel: (212)506-1700
          Fax: (212)506-1800
          Email: dfetterman@kasowitz.com

            -- and --

          Jeffrey R. Gleit, Esq.
          TOGUT, SEGAL & SEGAL LLP
          One Penn Plaza, Suite 3335
          New York, NY 10119
          Tel: (212)594-5000
          Fax: (212)967-4258

            -- and --
          
          Steven J. Reisman, Esq.
          CURTIS, MALLET-PREVOST, COLT & MOSLE LLP
          101 Park Avenue
          New York, NY 10178-0061
          Tel: (212)696-6000
          Fax: (212)697-1559
          Email: sreisman@curtis.com

            -- and --

          Jane Rue Wittstein, Esq.
          JONES DAY
          250 Vesey Street
          New York, NY 10281-1047
          Tel: (212)326-3939
          Fax: (212)755-7306
          Email: jruewittstein@jonesday.com

Louis J. Freeh, Trustee, is represented by:

          Melissa A. Hager, Esq.
          MORRISON & FOERSTER LLP
          250 West 55th Street
          New York, NY 10019-9601
          Tel: (212)468-8000
          Fax: (212)468-7900
          Email: mhager@mofo.com

United States Trustee, U.S. Trustee, is represented by:

          Elisabetta Gasparini, Esq.
          OFFICE OF THE UNITED STATES TRUSTEE
          1835 Assembly Street, Suite 953
          Columbia, SC 29201
          Tel: (803)765-5250
          Fax: (803)765-5260

GCG, Inc. a/k/a The Garden City Group, Inc., Claims and Noticing
Agent, is represented by:

          Angela Ferrante, Esq.
          Jeffrey S. Stein, Esq.
          GARDEN CITY GROUP, LLC
          1985 Marcus Ave
          Lake Success, NY 11042
          Tel: (800)327-3664
          Email: angela.ferrante@gardencitygroup.com

Statutory Creditors' Committee of MF Global Holdings Ltd., et al.,
Creditor Committee, is represented by:

          Martin J. Bienenstock, Esq.
          Timothy Q. Karcher, Esq.
          PROSKAUER ROSE LLP
          Eleven Times Square
          (Eighth Avenue & 41st Street)
          New York, NY 10036-8299
          Tel: (212)969-3000
          Fax: (212)969-2900
          Email: mbienenstock@proskauer.com
                 tkarcher@proskauer.com

            -- and --

          Irena M. Goldstein, Esq.
          TRENK DIPASQAULE DELLA FERA & SODONO, PC
          347 Mount Pleasant Avenue, Suite 300
          West Orange, NJ 07052
          Tel: (973)243-8600
          Fax: (973)243-8677
          Email: goldstein@trenklawfirm.com

                          About MF Global

New York-based MF Global -- http://www.mfglobal.com/-- was one of
the world's leading brokers of commodities and listed derivatives.

MF Global provides access to more than 70 exchanges around the
world.  The firm also was one of 22 primary dealers authorized to
trade U.S. government securities with the Federal Reserve Bank of
New York.  MF Global's roots go back nearly 230 years to a sugar
brokerage on the banks of the Thames River in London.

On Oct. 31, 2011, MF Global Holdings Ltd. and MF Global Finance
USA Inc. filed voluntary Chapter 11 petitions (Bankr. S.D.N.Y.
Case Nos. 11-15059 and 11-5058), after a planned sale to
Interactive Brokers Group collapsed.  As of Sept. 30, 2011, MF
Global had $41,046,594,000 in total assets and $39,683,915,000 in
total liabilities.

On Nov. 7, 2011, the United States Trustee appointed the statutory
creditors' committee in the Debtors' cases.  At the behest of the
Statutory Creditor's Committee, the Court directed the U.S.
Trustee to appoint a chapter 11 trustee.  On Nov. 28, 2011, the
Bankruptcy Court entered an order approving the appointment of
Louis J. Freeh, Esq., of Freeh Group International Solutions, LLC,
as Chapter 11 trustee.

On Dec. 19, 2011, MF Global Capital LLC, MF Global Market Services
LLC and MF Global FX Clear LLC filed voluntary Chapter 11
petitions (Bankr. S.D.N.Y. Case Nos. 11-15808, 11-15809 and
11-15810).  On Dec. 27, the Court entered an order installing Mr.
Freeh as Chapter 11 Trustee of the New Debtors.

On March 2, 2012, MF Global Holdings USA Inc. filed a voluntary
Chapter 11 petition (Bankr. S.D.N.Y. Case No. 12-10863), and Mr.
Freeh also was installed as its Chapter 11 Trustee.

Judge Honorable Martin Glenn presides over the Chapter 11 case.
J. Gregory Milmoe, Esq., Kenneth S. Ziman, Esq., and J. Eric
Ivester, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP, serve
as bankruptcy counsel.  The Garden City Group, Inc., serves as
claims and noticing agent.  The petition was signed by Bradley I.
Abelow, Executive Vice President and Chief Executive Officer of MF
Global Finance USA Inc.

The Chapter 11 Trustee has tapped (i) Freeh Sporkin & Sullivan
LLP, as investigative counsel; (ii) FTI Consulting Inc., as
restructuring advisors; (iii) Morrison & Foerster LLP, as
bankruptcy counsel; and (iv) Pepper Hamilton as special counsel.

The Official Committee of Unsecured Creditors has retained
Capstone Advisory Group LLC as financial advisor, while lawyers at
Proskauer Rose LLP serve as counsel.

The Securities Investor Protection Corporation commenced
liquidation proceedings against MF Global Inc. to protect
customers.  James W. Giddens was appointed as trustee pursuant to
the Securities Investor Protection Act.  He is a partner at Hughes
Hubbard & Reed LLP in New York.

Jon Corzine, the former New Jersey governor and co-CEO of
Goldman Sachs Group Inc., stepped down as chairman and chief
executive officer of MF Global just days after the bankruptcy
filing.

In April 2013, the Bankruptcy Court approved MF Global Holdings'
plan to liquidate its assets.  Bloomberg News reported that the
court-approved disclosure statement initially told
creditors with $1.134 billion in unsecured claims against the
parent holding company why they could expect a recovery of 13.4%
to 39.1% from the plan.  As a consequence of a settlement with
JPMorgan, supplemental materials informed unsecured creditors
their recovery was reduced to the range of 11.4% to 34.4%.  Bank
lenders will have the same recovery on their $1.174 billion claim
against the holding company.  As a consequence of the settlement,
the predicted recovery became 18% to 41.5% for holders of $1.19
billion in unsecured claims against the finance subsidiary,
one of the companies under the umbrella of the holding company
trustee.  Previously, the predicted recovery was 14.7% to 34% on
bank lenders' claims against the finance subsidiary.


MF GLOBAL: Preliminary Injunction Issued Against Bermuda Insurers
-----------------------------------------------------------------
Judge Martin Glenn of the United States Bankruptcy Court for the
Southern District of New York entered a preliminary injunction
enjoining the Bermuda Insurers from taking any action to enforce
the injunctive orders issued by the Supreme Court of Bermuda, Civil
Jurisdiction (Commercial Court).

The Court previously issued a Memorandum Opinion and Temporary
Restraining Order (TRO) on December 21, 2016.  The TRO was issued
for 14 days, with the preliminary injunction hearing scheduled for
January 4, 2017, before the TRO expired.  At the outset of the
January 4, 2017 hearing, the Court extended the TRO for an
additional 14 days to permit the Court to decide whether to issue a
preliminary injunction.

The plaintiffs, MF Global Holdings Ltd., and MF Global Assigned
Assets LLC, argued that there are serious questions as to the
merits of both the Bermuda Insurers' violation of the Bar Order and
the Barton doctrine, as well as questions regarding whether the
dispute is arbitrable under applicable bankruptcy law, and an
injunction is necessary to permit the Court to address these
issues.  The plaintiffs also argued that they continue to suffer
irreparable harm by being forced to incur additional expense and
effort in the Bermuda Court, by being unable to avail themselves of
their chosen forum, and by being restrained from filing pleadings
before the Bankruptcy Court.  The plaintiffs maintained that the
balance of equities and public policy weigh in their favor because
the Bermuda Insurers' actions in the Bermuda Court undermine the
efficient administration of the adversarial system in the United
States, and because the plaintiffs should not be forced to resort
to a distant forum to adjudicate their rights when they have
already chosen a legitimate forum.  

Both Allied World Assurance Company, Ltd., and the Iron-Starr
Insurers stated that the Bankruptcy Court lacks specific personal
jurisdiction and subject matter jurisdiction over the Bermuda
Insurers and, in particular, over the dispute.  Additionally, the
Iron-Starr Insurers argued that the plaintiffs cannot establish a
likelihood of success on the merits as the coverage claims dispute
here is "squarely a 'non-core' claim."  The Iron-Starr Insurers
also argued that the balance of hardships weighs in favor of the
Bermuda Insurers, as a determination of the underlying coverage
issues in the Court would strip the Bermuda Insurers of their
bargained-for contractual rights.  Similarly, Allied argued that
the plaintiffs cannot demonstrate imminent or irreparable harm
because the plaintiffs have known about the invocation of the
arbitration provision for 10 months.  

In the TRO Opinion, the Court already determined that the Court has
personal and subject matter jurisdiction over the Bermuda Insurers
and the dispute.

Judge Glenn found that the plaintiffs have demonstrated that a
preliminary injunction is warranted because they continue to suffer
"irreparable harm and . . . [there are] sufficiently serious
questions going to the merits to make them a fair ground for
litigation and a balance of hardships tip[s] decidedly" in their
favor.

Judge Glenn thus restrained the Bermuda Insurers and enjoined them
from taking any action to enforce the following provisions in the
Injunctive Orders:

     1. The [Plaintiffs] shall not, whether by themselves or
        through their employees, servants, agents,
        representatives, attorneys or otherwise, commence,
        prosecute or otherwise pursue litigation in the United
        States insofar as that litigation concerns, arises out of
        and/or relates to the insurance policy issued to the
        [Plaintiffs] by the [Bermuda Insurers], Policy No.
        C007357/005 (the Policy) including, for the avoidance of
        doubt, litigation containing allegations of breach of
        good faith and fair dealing relating to the Policy)
        and/or otherwise breaches the terms of the valid and
        binding Bermuda arbitration agreement between the
        [Plaintiffs and the Bermuda Insurers].

     2. The [Plaintiffs] shall not, whether by themselves or
        through their employees, servants, agents,         
        representatives, attorneys or otherwise, seek and/or
        obtain an anti-suit injunction and/or an anti-anti-suit
        injunction and/or a temporary, preliminary or permanent
        order restraining and/or preventing the [Defendant] from
        pursuing and/or otherwise enforcing the said valid and
        binding Bermuda arbitration agreement, until trial or
        further order.

The adversary proceeding is MF GLOBAL HOLDINGS LTD., as Plan
Administrator, and MF GLOBAL ASSIGNED ASSETS LLC, Plaintiffs, v.
ALLIED WORLD ASSURANCE COMPANY LTD., IRON-STARR EXCESS AGENCY LTD.,
IRONSHORE INSURANCE LTD., STARR INSURANCE & REINSURANCE LIMITED.,
and FEDERAL INSURANCE COMPANY, Defendants, Adv. Proc. No. 16-01251
(MG) (Bankr. S.D.N.Y.).

The bankruptcy case is In re: MF GLOBAL HOLDINGS LTD., et al.,
Chapter 11, Debtors, Case No. 11-15059 (MG), (Jointly Administered)
(Bankr. S.D.N.Y.).

A full-text copy of Judge Glenn's January 12, 2017 memorandum
opinion is available at https://is.gd/3FukN7 from Leagle.com.

MF Global Holdings Ltd. is represented by:

          Daniel J. Fetterman, Esq.
          KASOWITZ, BENSON, TORRES & FRIEDMAN LLP
          1633 Broadway
          New York, NY 10019
          Tel: (212)506-1700
          Fax: (212)506-1800
          Email: dfetterman@kasowitz.com

            -- and --

          Jeffrey R. Gleit, Esq.
          TOGUT, SEGAL & SEGAL LLP
          One Penn Plaza, Suite 3335
          New York, NY 10119
          Tel: (212)594-5000
          Fax: (212)967-4258

            -- and --
          
          Steven J. Reisman, Esq.
          CURTIS, MALLET-PREVOST, COLT & MOSLE LLP
          101 Park Avenue
          New York, NY 10178-0061
          Tel: (212)696-6000
          Fax: (212)697-1559
          Email: sreisman@curtis.com

            -- and --

          Jane Rue Wittstein, Esq.
          JONES DAY
          250 Vesey Street
          New York, NY 10281-1047
          Tel: (212)326-3939
          Fax: (212)755-7306
          Email: jruewittstein@jonesday.com

Louis J. Freeh, Trustee, is represented by:

          Melissa A. Hager, Esq.
          MORRISON & FOERSTER LLP
          250 West 55th Street
          New York, NY 10019-9601
          Tel: (212)468-8000
          Fax: (212)468-7900
          Email: mhager@mofo.com

United States Trustee, U.S. Trustee, is represented by:

          Elisabetta Gasparini, Esq.
          OFFICE OF THE UNITED STATES TRUSTEE
          1835 Assembly Street, Suite 953
          Columbia, SC 29201
          Tel: (803)765-5250
          Fax: (803)765-5260

GCG, Inc. a/k/a The Garden City Group, Inc., Claims and Noticing
Agent, is represented by:

          Angela Ferrante, Esq.
          Jeffrey S. Stein, Esq.
          GARDEN CITY GROUP, LLC
          1985 Marcus Ave
          Lake Success, NY 11042
          Tel: (800)327-3664
          Email: angela.ferrante@gardencitygroup.com

Statutory Creditors' Committee of MF Global Holdings Ltd., et al.,
Creditor Committee, is represented by:

          Martin J. Bienenstock, Esq.
          Timothy Q. Karcher, Esq.
          PROSKAUER ROSE LLP
          Eleven Times Square
          (Eighth Avenue & 41st Street)
          New York, NY 10036-8299
          Tel: (212)969-3000
          Fax: (212)969-2900
          Email: mbienenstock@proskauer.com
                 tkarcher@proskauer.com

            -- and --

          Irena M. Goldstein, Esq.
          TRENK DIPASQAULE DELLA FERA & SODONO, PC
          347 Mount Pleasant Avenue, Suite 300
          West Orange, NJ 07052
          Tel: (973)243-8600
          Fax: (973)243-8677
          Email: goldstein@trenklawfirm.com

                          About MF Global

New York-based MF Global -- http://www.mfglobal.com/-- was one of
the world's leading brokers of commodities and listed derivatives.

MF Global provides access to more than 70 exchanges around the
world.  The firm also was one of 22 primary dealers authorized to
trade U.S. government securities with the Federal Reserve Bank of
New York.  MF Global's roots go back nearly 230 years to a sugar
brokerage on the banks of the Thames River in London.

On Oct. 31, 2011, MF Global Holdings Ltd. and MF Global Finance
USA Inc. filed voluntary Chapter 11 petitions (Bankr. S.D.N.Y.
Case Nos. 11-15059 and 11-5058), after a planned sale to
Interactive Brokers Group collapsed.  As of Sept. 30, 2011, MF
Global had $41,046,594,000 in total assets and $39,683,915,000 in
total liabilities.

On Nov. 7, 2011, the United States Trustee appointed the statutory
creditors' committee in the Debtors' cases.  At the behest of the
Statutory Creditor's Committee, the Court directed the U.S.
Trustee to appoint a chapter 11 trustee.  On Nov. 28, 2011, the
Bankruptcy Court entered an order approving the appointment of
Louis J. Freeh, Esq., of Freeh Group International Solutions, LLC,
as Chapter 11 trustee.

On Dec. 19, 2011, MF Global Capital LLC, MF Global Market Services
LLC and MF Global FX Clear LLC filed voluntary Chapter 11
petitions (Bankr. S.D.N.Y. Case Nos. 11-15808, 11-15809 and
11-15810).  On Dec. 27, the Court entered an order installing Mr.
Freeh as Chapter 11 Trustee of the New Debtors.

On March 2, 2012, MF Global Holdings USA Inc. filed a voluntary
Chapter 11 petition (Bankr. S.D.N.Y. Case No. 12-10863), and Mr.
Freeh also was installed as its Chapter 11 Trustee.

Judge Honorable Martin Glenn presides over the Chapter 11 case.
J. Gregory Milmoe, Esq., Kenneth S. Ziman, Esq., and J. Eric
Ivester, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP, serve
as bankruptcy counsel.  The Garden City Group, Inc., serves as
claims and noticing agent.  The petition was signed by Bradley I.
Abelow, Executive Vice President and Chief Executive Officer of MF
Global Finance USA Inc.

The Chapter 11 Trustee has tapped (i) Freeh Sporkin & Sullivan
LLP, as investigative counsel; (ii) FTI Consulting Inc., as
restructuring advisors; (iii) Morrison & Foerster LLP, as
bankruptcy counsel; and (iv) Pepper Hamilton as special counsel.

The Official Committee of Unsecured Creditors has retained
Capstone Advisory Group LLC as financial advisor, while lawyers at
Proskauer Rose LLP serve as counsel.

The Securities Investor Protection Corporation commenced
liquidation proceedings against MF Global Inc. to protect
customers.  James W. Giddens was appointed as trustee pursuant to
the Securities Investor Protection Act.  He is a partner at Hughes
Hubbard & Reed LLP in New York.

Jon Corzine, the former New Jersey governor and co-CEO of
Goldman Sachs Group Inc., stepped down as chairman and chief
executive officer of MF Global just days after the bankruptcy
filing.

In April 2013, the Bankruptcy Court approved MF Global Holdings'
plan to liquidate its assets.  Bloomberg News reported that the
court-approved disclosure statement initially told
creditors with $1.134 billion in unsecured claims against the
parent holding company why they could expect a recovery of 13.4%
to 39.1% from the plan.  As a consequence of a settlement with
JPMorgan, supplemental materials informed unsecured creditors
their recovery was reduced to the range of 11.4% to 34.4%.  Bank
lenders will have the same recovery on their $1.174 billion claim
against the holding company.  As a consequence of the settlement,
the predicted recovery became 18% to 41.5% for holders of $1.19
billion in unsecured claims against the finance subsidiary,
one of the companies under the umbrella of the holding company
trustee.  Previously, the predicted recovery was 14.7% to 34% on
bank lenders' claims against the finance subsidiary.


MOTORS LIQUIDATION: Had $486M Net Assets in Liquidation at Dec 31
-----------------------------------------------------------------
Motors Liquidation Company GUC Trust filed with the Securities and
Exchange Commission
its quarterly report on Form 10-Q disclosing net assets in
liquidation of $486.7 million for the nine months ended December
31, 2016 compared to $613.1 million for the nine months ended
December 2015.

For the nine months ended Dec. 31, 2016, the Company reported cash
and cash equivalents of $5.906 million compared to $24.44 million
for nine months ended December 31, 2015.

The GUC Trust exists solely for the purpose of resolving claims,
distributing Distributable Cash and winding down the affairs of
MLC, all in accordance with a plan of liquidation of MLC approved
by the Bankruptcy Court and the Liquidation Order.

On March 31, 2011, the date the Plan became effective, there were
approximately $29.771 billion in Allowed General Unsecured Claims.
In addition, as of the Effective Date, there were approximately
$8.154 billion in disputed general unsecured claims which reflects
liquidated disputed claims and a Bankruptcy Court ordered
distribution reserve for unliquidated disputed claims, but does not
reflect potential Term Loan Avoidance Action Claims.  The total
aggregate amount of general unsecured claims, both allowed and
disputed, asserted against the Debtors, inclusive of the potential
Term Loan Avoidance Action Claims, was approximately $39.425
billion as of the Effective Date.

As of December 31, 2016, the GUC Trust had approximately $21.5
million in reserves for liquidation and administrative costs that
are estimated to be incurred through the winding up and conclusion
of the GUC Trust, compared to approximately $23.4 million in
reserves as of September 30, 2016.

A full-text copy of the Form 10-Q is available for free at
https://is.gd/JYCRic

                              About Motors Liquidation

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 09-50026) on
June 1, 2009.  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  Harvey R. Miller, Esq., Stephen Karotkin,
Esq., and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges LLP,
assist the Debtors in their restructuring efforts.  Al Koch at AP
Services, LLC, an affiliate of AlixPartners, LLP, serves as the
Chief Executive Officer for Motors Liquidation Company.  GM is also
represented by Jenner & Block LLP and Honigman Miller
Schwartz and Cohn LLP as counsel.  Cravath, Swaine, & Moore LLP is
providing legal advice to the GM Board of Directors.  GM's
financial advisors are Morgan Stanley, Evercore Partners and the
Blackstone Group LLP.  Garden City Group is the claims and notice
agent of the Debtors.

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors and a separate Official Committee of Unsecured Creditors
Holding Asbestos-Related Claims.  Lawyers at Kramer Levin Naftalis
& Frankel LLP served as bankruptcy counsel to the Creditors
Committee.  Attorneys at Butzel Long served as counsel on supplier
contract matters.  FTI Consulting Inc. served as financial advisors
to the Creditors Committee.  Elihu Inselbuch, Esq., at Caplin &
Drysdale, Chartered, represented the Asbestos Committee.  Legal
Analysis Systems, Inc., served as asbestos valuation analyst.

The Bankruptcy Court entered an order confirming the Debtors'
Second Amended Joint Chapter 11 Plan on March 29, 2011.  The Plan
was declared effect on March 31.

On Dec. 15, 2011, Motors Liquidation Company was dissolved.  On the
Dissolution Date, pursuant to the Plan and the Motors Liquidation
Company GUC Trust Agreement, dated March 30, 2011, between the
parties thereto, the trust administrator and trustee
-- GUC Trust Administrator -- of the Motors Liquidation Company GUC
Trust, assumed responsibility for the affairs of and certain claims
against MLC and its debtor subsidiaries that were not concluded
prior to the Dissolution Date.   


MOUNT CALVARY PENTECOSTAL: Hires Suhar & Macejko as Counsel
-----------------------------------------------------------
Mount Calvary Pentecostal Church of Youngstown, Ohio, seeks
authority from the U.S. Bankruptcy Court for the Northern District
of Ohio to employ Suhar & Macejko, LLC as counsel to the Debtor.

Mount Calvary requires Suhar & Macejko to:

   a. give the Debtor legal advice with respect to its power and
      duties in the continued operation of the business and
      management of its property;

   b. prosecute any necessary litigation on behalf of the Debtor;

   c. represent the Debtor in connection with all matters that
      may be filed in the bankruptcy Court;

   d. prepare on behalf of the Debtor all petitions,
      applications, answers, orders, reports and other papers and
      pleadings; and

   e. perform all other legal services for the Debtor which may
      be necessary in the proceeding.

Suhar & Macejko will be paid at these hourly rates:

     Attorney               $200-$225
     Associates             $150-$165
     Paralegal              $95

Suhar & Macejko will be paid a retainer in the amount of
$8,820.50.

Suhar & Macejko will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Andrew W. Suhar, member of Suhar & Macejko, 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.

Suhar & Macejko can be reached at:

     Andrew W. Suhar, Esq.
     SUHAR & MACEJKO, LLC
     29 E. Front St., 2nd Floor
     Youngstown, HO 44501-1497
     Tel: (330) 744-9007
     Fax: (330) 744-5857
     E-mail: asuhar@suharlaw.com

              About Mount Calvary

Mount Calvary Pentecostal Church of Youngstown, Ohio, based in
Youngstown, OH, filed a Chapter 11 petition (Bankr. N.D. Ohio Case
No. 17-40195) on February 9, 2017. The Hon. Kay Woods presides over
the case. Andrew W. Suhar, Esq., at Suhar & Macejko, LLC, as
bankruptcy counsel.

In its petition, the Debtor estimated $100,000 to $500,000 in
assets and $1 million to $10 million in liabilities. The petition
was signed by Derrick Jackson, trustee/deacon.


MSES CONSULTANTS: Unsecureds Distribution Pushed Back to May 1
--------------------------------------------------------------
MSES Consultants, Inc., filed with the U.S. Bankruptcy Court for
the Northern District of West Virginia a second amended disclosure
statement dated Feb. 13, 2017, referring to the Debtor's plan of
reorganization.

Under the Plan, general unsecured creditors are classified in Class
5, and will receive a distribution of 13.8% of their allowed
claims, to be distributed in 60 equal monthly payments, with the
first payment being made on May 1, 2017.

As reported by The Troubled Company Reporter on Dec. 27, 2016, the
Debtor filed with the Court a first amended disclosure statement,
which proposed that holders of Class 5 General Unsecured Claims
would receive a distribution of 13.8% of their allowed claims, to
be distributed in 60 equal monthly payments, with the first payment
being made on Jan. 22, 2017.

The primary change from the Sept. 5, 2016 Disclosure Statement is
that in the interim, the Debtor has negotiated a sale of its
corrosion equipment and supplies business line for $530,000 and
sale has been approved by the Court.  The sale does not change the
payout to unsecured creditors.

The major change is the treatment of the $530,000 from the sale of
the CES business line.  The Debtor proposes to use those funds to
pay post-petition administrative claims, including trade creditors
and employee medical claims.  Further, the Debtor proposes to pay
outstanding, post-petition taxes owed to the State of West
Virginia.  

Another change is the addition of another large, unpaid account
receivable.  Specifically, the State of West Virginia owes the
Debtor over $140,000 and has refused to pay.  To deal with this
issue, the Debtor proposes to file suit in the West Virginia Court
of Claims because the State is immune from breach of contract
actions.  Creditors are cautioned that the Debtor's understanding
is that the State of West Virginia has no legal obligation to pay
regardless of the outcome of that case.

The second major change is a change in the Debtor's proposed
managers and officers.

The third change is that the Debtor has proposed closing its
Clarksburg office and consolidating operations in Fairmont.

Fourth, the Debtor has updated its assets to include a disputed
claim against Blackwood Associates, Inc.

The Debtor also intends to close its Clarksburg office and
consolidate all of its operations in Fairmont.  With the
combination of the downsizing of the labor force and the sale of
the corrosion equipment and supplies business line, the Debtor's
need for the office in Clarksburg is severely reduced.  It is not
cost-effective to maintain two offices given the Debtor's current
needs.

The Debtor believes consolidation will lead to cost savings within
two months.  The current rent for the Clarksburg office is $12,200
a month.  The Debtor believes that it can secure sufficient office
space with its current lessor in Fairmont for $3,000 to $4,000 a
month.  It will cost approximately $20,000 to move the equipment
from Clarksburg to Fairmont and conduct the limited build-out.  The
Debtor has to move its lab and that is the greatest cost component
in the $20,000 relocation expense.

Through the reduction in the size of its workforce, the Debtor will
be able to reduce certain other expenses.  It can reduce the number
of leased vehicles that it has as well as cell phones and other
operational items.  It estimates this monthly cost savings at
approximately $4,000 a month.

Payments and distributions under the Plan will be funded by the
continued cash-flow of the Debtor.  Specifically, the Debtor will
continue operations and continue to collect for its services.  The
Debtor may also have additional funds from lawsuits related to
collection of past due accounts.

The Second Amended Disclosure Statement is available at:

          http://bankrupt.com/misc/wvnb15-01204-233.pdf
    
                     About MSES Consultants

Headquartered in Clarksburg, West Virginia, MSES Consultants, Inc.,
filed for Chapter 11 bankruptcy protection (Bankr. N.D. W.V. Case
No. 15-01204) on Dec. 14, 2015, estimating its assets at between
$50,000 and $100,000 and liabilities at between $1 million and $10
million.  The petition was signed by Lawrence M Rine, president.

Judge Patrick M. Flatley presides over the case.

Richard R. Marsh, Esq., at McNeer, Highland, McMunn And Varner, LC,
serves as the Debtor's bankruptcy counsel.


NEOVASC INC: Capital World Ceases to be 5% Shareholder
------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Capital World Investors disclosed that as of Dec. 30,
2016, it beneficially owns 3,474,667 shares of common stock of
Neovasc Inc. representing 4.4 percent of the 78,683,345 shares
believed to be outstanding.  A full-text copy of the regulatory
filing is available at:

                      https://is.gd/rscKQr

                       About Neovasc Inc.

Neovasc Inc. (CVE:NVC) -- http://www.neovasc.com/-- is a Canadian
specialty medical device company that develops, manufactures and
markets products for the rapidly growing cardiovascular
marketplace.  Its products in development include the Tiara, for
the transcatheter treatment of mitral valve disease and the Neovasc
Reducer for the treatment of refractory angina.  The Company also
sells a line of advanced biological tissue products that are used
as key components in third-party medical products including
transcatheter heart valves.

Neovasc reported a net loss of US$26.73 million for the year ended
Dec. 31, 2015, compared to a net loss of US$17.17 million for the
year ended Dec. 31, 2014.

As of Sept. 30, 2016, Neovasc had US$33.83 million in total assets,
US$93.45 million in total liabilities and a total deficit of
US$59.61 million.


NEP/NCP HOLDCO: S&P Revises Outlook to Stable & Affirms 'B' CCR
---------------------------------------------------------------
S&P Global Ratings said that it revised its rating outlook on
Pittsburg, Pa.-based NEP/NCP Holdco Inc. to stable from negative.
At the same time, S&P affirmed its 'B' corporate credit rating on
the company.

S&P also affirmed its 'B+' issue-level rating on the company's
senior secured first-lien credit facility.  The '2' recovery rating
is unchanged, indicating S&P's expectation for substantial recovery
(70%-90%; lower half of the range) of principal in the event of a
payment default.

In addition, S&P affirmed its 'B-' issue-level rating on NEP's
senior secured second-lien term loan.  The recovery rating remains
'5', indicating S&P's expectation for modest recovery (10%-30%;
lower half of the range) of principal in the event of a payment
default.

"The outlook revision reflects our view that the company's
stronger-than-expected performance in 2016, which was largely
driven by new contract wins, has improved its leverage such that we
now expect its margin of compliance with its covenants to remain
above 15% over the next 12 months," said S&P Global Ratings' credit
analyst Dylan Singh.  "We expect adjusted leverage to decline to
the low-5x area in 2017."  Pro forma for the company's acquisition
of Avesco Group Ltd. in November 2016, its adjusted leverage was
about 5.6x as of Sept. 30, 2016, excluding synergies.  S&P includes
operating lease adjustments of approximately $94 million to
reported debt and $17 million to reported EBITDA.  S&P expects
capital expenditures to remain elevated in 2017, accounting for
about 16%-17% of total revenue before declining to 13%-14% in 2018.
Due to the high capital expenditures requirements, S&P believes
most of NEP'S deleveraging will come from EBITDA growth over the
next 12 months.

"Our corporate credit rating on NEP reflects our assessment of the
company's leading market position of outsourced production services
globally, its established long-term relationships with its clients,
and its stable contracted revenue profile, offset by its limited
revenue diversification and client concentration risk," said Mr.
Singh.

The stable outlook reflects S&P's expectation that NEP will have
adequate liquidity, including covenant cushion above 15% and
sufficient free operating cash flow to cover its mandatory
amortization payments, and its adjusted leverage will decline to
the low-5x area in 2017.

S&P could lower the corporate credit rating if NEP's liquidity
deteriorates such that its covenant cushion of compliance falls
below 15% on a sustained basis.  S&P could also lower the rating if
it expects negative free operating cash flows to result in
revolving credit facility draws.  This could occur if NEP
experiences loss of key clients coupled with sustained high capital
expenditures.

S&P could raise the rating if the company is able to keep leverage
below-5x on a sustained basis, while maintaining adequate liquidity
and positive free operating cash flow generation.  Given NEP's
financial sponsor ownership structure, any upgrade scenario would
depend on a long-term financial policy that supports the improved
credit measures.


NORDICA SOHO: Recovery of Unsecureds Unknown Under Amended Plan
---------------------------------------------------------------
Nordica Soho LLC filed with the U.S. Bankruptcy Court for the
Southern District of New York an amended disclosure statement in
connection with its amended chapter 11 plan of reorganization,
dated Feb. 14, 2017.

The Plan is predicated on an auction sale of the Debtor's real
property, consisting of two adjoining parcels located at 182-186
Spring Street, in New York, to be conducted on Feb. 15, 2017.

Class 4 is comprised of the Allowed Unsecured General Claims,
consisting of all other Claims, such as the non-priority portion of
the Claims filed by the IRS and New York State, the disputed
mechanic liens, broker's liens, and all other suppliers and vendors
to the extent their Claims are allowed.

To the extent that there are any remaining Sale proceeds after
payment of Administrative Expenses, Priority Tax Claims, and Class
1, 2 and 3 Claims in full, then in such event, each holder of an
Allowed Unsecured General Claim will receive a pro rata cash
dividend once all Class 4 Claims are resolved based on the
remaining residual cash.  Alternatively, in the event of a credit
bid scenario, then the Class 4 Unsecured Creditors will share pro
rata in the residual carve-out fund of $50,000.  This class is
impaired.

The initial plan's proposed payment to class 4 claimants is a cash
dividend up to the amount of its allowed Unsecured Claim, or a pro
rata portion thereof.

The Plan will be implemented through the Auction of the Property, a
resulting closing and establishment of the Confirmation Fund.
Distributions will be made by the Disbursing Agent from the
Confirmation Fund.

A full-text copy of the Amended Disclosure Statement dated Feb. 14,
2017 is available at:

            http://bankrupt.com/misc/nysb16-11856-40.pdf

                    About Nordica Soho

Nordica Soho LLC, based in New York, NY, filed a Chapter 11
petition (Bankr. S.D.N.Y. Case No. 16-11856) on June 28, 2016.  The
Hon. Shelley C. Chapman presides over the case. Kevin J. Nash,
Esq., at Goldberg Weprin Finkel Goldstein LLP, to act as bankruptcy
counsel.

In its petition, the Debtor estimated $10 million to $50 million
in
assets and $10 million to $50 million in liabilities. The petition
was signed by Nanci Hom and Harry Shapiro, co-managers.

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


NORMCC ENTERPRISES: Court Allows Cash Collateral Use
----------------------------------------------------
Judge Katharine M. Samson of the U.S. Bankruptcy Court for the
Southern District of Mississippi authorized NormCC Enterprises, LLC
to use cash collateral.

Judge Samson acknowledged that the Debtor needed to use cash
collateral in the amount of $3,500 per week in order to maintain
the daily operations of its business.  Judge Samson further
acknowledged that the Debtor's cash collateral, being an inventory
of rare coins, is unlikely to depreciate during the term of the
Chapter 11 proceeding.

Judge Samson held that the secured creditors were adequately
protected by the equity cushion between the value of the Debtors'
inventory and equipment, and the amount of the claims of the
secured creditors, and by the stability of the value of the
inventory.

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

http://bankrupt.com/misc/NormCCEnterprises2016_1651915kms_82.pdf

                   About NormCC Enterprises, LLC

NormCC Enterprises, LLC filed a Chapter 11 petition (Bankr. S.D.
Miss. Case No. 16-51915), on Nov. 3, 2016.  The petition was signed
by Norman Carnovale, authorized representative.  The case is
assigned to Judge Katharine M. Samson.  The Debtor is represented
by Patrick Sheehan, Esq., at Sheehan Law Firm.  At the time of
filing, the Debtor estimated assets at $100,000 to $500,000 and
liabilities at $500,000 to $1 million.


NOVATION COMPANIES: Unsecureds to be Paid in Full for 1 Year
------------------------------------------------------------
Novation Companies, Inc., et al., filed with the U.S. Bankruptcy
Court for the District of Maryland a disclosure statement regarding
their joint chapter 11 plan of reorganization, dated Feb. 14,
2017.

The Plan provides for the authorization of the transactions
contemplated by the Stock Purchase Agreement by and among Novation
Holdings, Inc., a wholly-owned subsidiary of the Novation and
Butler America, LLC, the owner of Healthcare Staffing, Inc., which
owns and operates a healthcare staffing solutions business.

Under the Plan, Holders of Allowed Class 3a General Unsecured
Claims Against Novation and Class 3b General Unsecured Claims
Against NovaStar Mortgage will receive payment in full over a
one-year period, with payments made quarterly, together with
interest at the Federal Judgment Rate.

On the Effective Date, the Debtors will use cash on hand to fund
all payments required under the Plan and to close the HCS
Transaction.  As of Jan. 31, 2017, Novation had approximately $31.6
million available cash and liquid securities and NovaStar Mortgage
had approximately $743,000 in cash.

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

        http://bankrupt.com/misc/mdb16-19745-303.pdf

                  About Novation Companies

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

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

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

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

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

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


NUVERRA ENVIRONMENTAL: Ascribe Capital Has 7.5% Equity Stake
------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission on Feb. 13, 2017, Ascribe Capital LLC and American
Securities LLC reported beneficial ownership of 12,312,281 shares
of common stock, par value $0.001 per share, of Nuverra
Environmental Solutions, Inc., representing 7.5 percent of the
shares outstanding.  Ascribe III Investments LLC also disclosed
beneficial ownership of 11,311,531 common shares.

As of Feb. 8, 2017, there were 150,918,466 shares of Common Stock
outstanding as confirmed by Nuverra Environmental, together with
1,000,750 shares of Common Stock that Ascribe II Investments LLC
has the right to obtain and 11,311,531 shares of Common Stock that
Ascribe III Investments LLC has the right to obtain, within 60
days, upon exercise of warrants of which they are the record
owners.

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

                     https://is.gd/NjhxFV

                         About Nuverra

Nuverra Environmental Solutions, Inc. (OTCQB: NESC) provides
environmental solutions to customers focused on the development and
ongoing production of oil and natural gas from shale formations.
The Scottsdale, Arizona-based Company operates in shale basins
where customer exploration and production activities are
predominantly focused on shale and natural gas.

Nuverra reported a net loss attributable to common stockholders of
$195 million in 2015, a net loss attributable to common
stockholders of $516 million in 2014 and a net loss attributable to
common stockholders of $232 million in 2013.

As of Sept. 30, 2016, Nuverra had $388.3 million in total assets,
$496.3 million in total liabilities and a total shareholders'
deficit of $107.96 million.

KPMG LLP, in Phoenix, Arizona, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has incurred recurring
losses from operations and has limited cash resources, which raise
substantial doubt about its ability to continue as a going concern.


NUVERRA ENVIRONMENTAL: Senvest Mgmt. Ceases to be 5% Shareholder
----------------------------------------------------------------
Senvest Management, LLC, and Richard Mashaal disclosed in a
regulatory filing with the Securities and Exchange Commission that
as of Dec. 31, 2016, they have ceased to be the beneficial owner of
more than five percent of the outstanding common shares of Nuverra
Environmental Solutions, Inc.  As of Dec. 31, 2016, Senvest
Management and Mr. Mashaal beneficially owned 1,899,145 shares of
common stock representing 1.26 percent of the shares outstanding.
A full-text copy of the regulatory filing is available for free at
https://is.gd/inOBFe

                       About Nuverra

Nuverra Environmental Solutions, Inc. (OTCQB: NESC) provides
environmental solutions to customers focused on the development and
ongoing production of oil and natural gas from shale formations.
The Scottsdale, Arizona-based Company operates in shale basins
where customer exploration and production activities are
predominantly focused on shale and natural gas.

Nuverra reported a net loss attributable to common stockholders of
$195 million in 2015, a net loss attributable to common
stockholders of $516 million in 2014 and a net loss attributable to
common stockholders of $232 million in 2013.

As of Sept. 30, 2016, Nuverra had $388.3 million in total assets,
$496.3 million in total liabilities and a total shareholders'
deficit of $107.96 million.

KPMG LLP, in Phoenix, Arizona, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has incurred recurring
losses from operations and has limited cash resources, which raise
substantial doubt about its ability to continue as a going concern.


OLIGARCH CAPITAL: Hires George Paukert as General Counsel
---------------------------------------------------------
Oligarch Capital, LLC seeks authority from the U.S. Bankruptcy
Court for the Central District of California to employ the Law
Offices of George J. Paukert as its general bankruptcy counsel.

The Debtor requires Paukert to:

      a. advise and assist regarding compliance with the
requirements of the United States Trustee;

      b. advise regarding matters of bankruptcy law, including the
rights and remedies of Oligarch in regard to its assets and with
respect to the claims of creditors;

      c. conduct examination of witnesses, claimants or adverse
parties and to prepare and assist in the preparation of reports,
accounts and pleadings;

      d. advise concerning the requirements of the Bankruptcy Code
and applicable rules;

      e. assist with the negotiation, formulation, confirmation and
implementation of a Chapter 11 plan;

      f. make any appearances in the Bankruptcy Court on behalf of
Oligarch; and

      g. take other action and to perform other services as
Oligarch may require.

The Debtor will pay for Paukerts services at $200 per hour.

The Debtor agreed to pay Paukert an initial fee of $2,500 and court
filing fee of $1,717.

Paukert will also be reimbursed for reasonable out-of-pocket
expenses it incurred and will incur in relation to its engagement
as counsel.

George J. Paukert, Esq., of Law Offices of George J. Paukert,
assured the Court that his firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtor and its estates.

Paukert may be reached at:

       Law Offices of George J. Paukert
       George J. Paukert, Esq.
       44376 Hazel Canyon Lane
       Palm Desert, CA 92260
       Tel: (310)850-0231
       Fax: (442)242-0839
       E-mail: paukburt@aol.com

                 About Oligarch Capital LLC

Oligarch Capital LLC filed a Chapter 11 petition (Bankr. C.D. Cal.
Case No. 17-10012), on January 3, 2017.  The petition was signed by
Avis Copelin, managing partner.  The case is assigned to Judge
Maureen Tighe.  The Debtor is represented by George J. Paukert,
Esq., at the Law Offices of George J. Paukert.  At the time of
filing, the Debtor estimated assets at $1 million to $10 million
and liabilities at $500,000 to $1 million. The Debtor has no
unsecured creditors.


OLMOS EQUIPMENT: Equipment Auction by PPL, Ritchie and Davis Okayed
-------------------------------------------------------------------
Judge Craig A. Gargotta of the U.S. Bankruptcy Court for the
Western District of Texas authorized Olmos Equipment, Inc.'s sale
of various pieces of equipment and machinery it used or uses in its
business operations ("Estate Assets") by auction to be conducted by
PPL Group, LLC and Myron Bowling Auctioneers, Ritchie Bros.
Auctioneers (America), Inc. and Mel Davis Auctions.

The sale of the Estate Assets is "as is, where is," and free and
clear of any and all liens, claims, encumbrances, and other
interests.  The Debtor assumes no liability as a result of the
sale.

The gross proceeds from the sale will be allocated as set forth in
the Court approved agreements for the Auctioneers.  After the
Auctioneers' collection of their respective compensation and
expenses, they will deliver the "net" proceeds to Debtor's
counsel's IOLTA account by cashier's check or wire transfer.

The Debtor will pay in full the Bexar County ad valorem tax debt
incident to the business personal property from the sales proceeds
for tax years 2016 and prior within 15 days of receipt of the net
sales proceeds and prior to any disbursements of these sale
proceeds to any other person or entity.  The tax debt will be
prorated against each item or lot of equipment or vehicle based on
the gross sale price of each item or lot.

In addition to the payment of the delinquent ad valorem taxes
referenced, prior to the distribution of any net sales proceeds to
any other person or entity, $138,000 of the net sale proceeds will
be set aside by the Debtor in a segregated account as adequate
protection for the Bexar County secured claim with respect to the
2017 ad valorem taxes.  The Bexar County ad valorem tax lien will
attach to these proceeds to the same extent and with the same
priority as the tax lien now holds against the personal property of
the Debtor.  These funds will be on the order of adequate
protection and will constitute neither the allowance of the Bexar
County claim for year 2017 ad valorem taxes nor a cap on the amount
Bexar County may be entitled to receive.  Furthermore, the claim
and lien of Bexar County will remain subject to any objections any
party would otherwise be entitled to raise as to the priority,
validity or extent of such lien.  These funds may be distributed
upon agreement between counsel for Bexar County and the Debtor or
by subsequent Order of the Court duly noticed to counsel for Bexar
County.

The Debtor's counsel will prepare and file with the Court a
proposed distribution of the remaining sale proceeds to Frost Bank,
Caterpillar Financial Services Corp., Ally Bank, the IRS and/or any
other secured creditor with notice and an opportunity to object.
If no objection is filed within 14 days of filing, the Debtor will
pay pursuant to the proposed distribution.  The proposed
distribution will include a provision for distribution, after the
2017 tax obligation is resolved, the surplus, if any, from the
$138,000 adequate protection fund.  Nothing in the Order will be
construed to preclude claims arising under Section 506(c) of the
Bankruptcy Code.

It is a final Order and is enforceable upon entry by the Clerk of
the Court.  To the extent necessary under the Federal Rules of
Bankruptcy Procedure 5003, 9014, 9021 and 9002, the Court expressly
finds that there is no just reason for delay in this implementation
of the Order and expressly directs entry of judgment as set forth
and the stay of Federal Rules of Bankruptcy Procedure Rules 6004(h)
is waived, modified and will not apply to the sale of the Estate
Assets and the Debtor is authorized to take all actions and enter
into all transactions authorized by the Order immediately.

As result of the entry of the order, Caterpillar Financial Services
will withdraw its Motion for Adequate Protection and Relief from
Stay (Docket No. 187) as moot.

                      About Olmos Equipment

Olmos Equipment Inc. filed a Chapter 11 petition (Bankr. W.D. Tex.
Case No. 16-51834) on Aug. 12, 2016.  The petition was signed by
Larry Struthoff, president.  The Debtor is represented by William
B. Kingman, Esq., at the Law Offices of William B. Kingman, PC.
The case is assigned to Judge Craig A. Gargotta.  The Debtor
estimated
assets at $1 million to $10 million and liabilities at $10 million
to $50 million at the time of the filing.

Judge Craig A. Gargotta, the United States Bankruptcy Judge for
the District of Texas, entered an order approving the appointment
of
Randolph N. Osherow as Chapter 11 Examiner for the Debtor, Olmos
Equipment, Inc.


OMNICOMM SYSTEMS: Cornelis Wit Discloses 43.4% Equity Stake
-----------------------------------------------------------
Cornelis Wit reported in an amended Schedule 13D filed with the
Securities and Exchange COmmission filed on Feb. 13, 2017, that he
is the beneficial owner of 74,848,050 shares common stock of
Omnicomm Systems, Inc. which includes (i) 183,334 shares of common
stock held directly, (ii) 49,724,716 shares of common stock held by
the Trust, (iii) 13,290,000 shares issuable upon exercise of
currently exercisable common stock purchase warrants, and (iv)
11,650,000 shares issuable upon conversion of Convertible
Debentures.  The foregoing constitutes approximately 43.4% of the
outstanding shares of common stock of Omnicomm Systems based on
147,686,917 shares of common stock outstanding as of Nov. 10, 2016,
according to the Issuer's Quarterly Report on Form 10-Q for the
quarter ended Sept. 30, 2016, filed with the Securities and
Exchange Commission on Nov. 14, 2016.

The 7th amendment to the Schedule 13 was filed to (i) update
beneficial ownership information of Mr. Wit as a result of (I) a
contribution of an aggregate of 49,724,716 shares of common stock
that had previously been acquired and held directly by him to the
Cornelis F. Wit Revocable Living Trust Dated Oct. 15, 2009, as
Amended and Restated on June 11, 2015, which trust is a revocable
trust established by the Reporting Person as grantor with respect
to which the Reporting Person is the sole trustee, and the
Reporting Person, his spouse and children are beneficiaries, and,
as a result, the Reporting Person may be deemed to have retained
beneficial ownership of such shares, and (II) transactions
occurring since the date of Amendment No. 6, and (ii) to report a
decrease in the Reporting Person's percentage ownership of the
common stock resulting from the increase in the number of
outstanding shares of common stock of the Omnicomm Systems.


On Dec. 17, 2015, Mr. Wit entered into a Stock Purchase Agreement
pursuant to which, in a privately negotiated transaction, the
Reporting Person sold warrants to purchase 2,000,000 shares of
common stock of Omnicomm Systems at an exercise price of $0.25 per
share with an expiration date of Jan. 1, 2019, to Randall G. Smith,
Chairman of the Board and chief technology officer of the Issuer,
in exchange for a cash amount of $60,000.

Jan. 21, 2016, the Reporting Person contributed 49,644,716 shares
of common stock that had previously been acquired and held directly
by the Reporting Person to the Trust.

On Feb. 29, 2016, Omnicomm Systems issued Mr. Wit a promissory note
in the amount of $450,000 and, in consideration thereof, warrants
convertible into 1,800,000 shares of common stock at an exercise
price of $0.25 per shares with an expiration date of April 1,
2019.

On June 30, 2016, Omnicomm Systems and Mr. Wit extended the
conversion date of an aggregate amount of $5,825,000 Convertible
Debentures convertible into an aggregate of 11,650,000 shares of
common stock to April 1, 2020, and extended the expiration date of
related warrants exercisable into 11,650,000 shares of common stock
at an exercise price of $0.50 per share to April 1, 2020.

On Aug. 16, 2016, Mr. Wit purchased, with personal funds, 80,000
shares of common stock in a privately negotiated transaction for
$0.15 per share, which 80,000 shares were contributed to the Trust
on Sept. 6, 2016.

On Dec. 5, 2016, Mr. Wit entered into a Stock Purchase Agreement
pursuant to which, in a privately negotiated transaction, the
Reporting Person sold warrants to purchase 1,000,000 shares of
common stock of the Company at an exercise price of $0.25 per share
with an expiration date of Jan. 1, 2019, to Abrey K. Light,
executive vice president of the Company, in exchange for a cash
amount of $30,000.  

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

                      https://is.gd/B03GmR

                     About OmniComm Systems

Ft. Lauderdale, Fla.-based OmniComm Systems, Inc., is a healthcare
technology company that provides Web-based electronic data capture
("EDC") solutions and related value-added services to
pharmaceutical and biotech companies, clinical research
organizations, and other clinical trial sponsors principally
located in the United States and Europe.

OmniComm reported net income attributable to common stockholders of
$2.40 million on $20.7 million of total revenues for the year ended
Dec. 31, 2015, compared to a net loss attributable to common
stockholders of $4.66 million on $16.5 million of total revenues
for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, OmniComm Systems had $7.36 million in total
assets, $30.76 million in total liabilities and a total
shareholders' deficit of $23.40 million.


ON CALL FLAGGING: Hiring of Fred Fall as Auctioneer Approved
------------------------------------------------------------
Judge Jeffery A. Deller of the U.S. Bankruptcy Court for the
Western District of Pennsylvania authorized On Call Flagging, Inc.
to hire Fred Fall of Fall Liquidations as auctioneer.

A hearing on the Motion was held on Feb. 15, 2017.

Professional persons or entities performing services in the case
are advised that approval of fees for professional services will be
based not only on the amount involved and the results accomplished,
but other factors as well including: the time and labor, reasonably
required by the applicant to perform, the novelty and difficulty of
the issues presented, the skill requisite to perform the service
properly, the preclusion of other employment due to acceptance of
the case, the customary fee for similar services, the experience,
reputation and ability of the professional(s) involved, the
undesirability of the case, the nature and length of the
professional relationship with the client, and, awards in similar
cases.

Approval of any application for appointment of a professional in
which certain fees are requested for various identified
professionals is not an agreement by the Court to allow such fees
at the requested hourly rates.  Final compensation awarded only
after notice and hearing, may be more or less than the requested
hourly rates based on application of the mentioned factors in
granting approval by Court Order.

                    About On Call Flagging

On Call Flagging, Inc., based in Belsano, PA, filed a Chapter 11
petition (Bankr. M.D. Pa. Case No. 16-70758) on Nov. 2, 2016.  The
petition was signed by Kathleen Jennings, president.  The Hon.
Jeffery A. Deller presides over the case.  In its petition, the
Debtor estimated $1 million to $10 million in both assets and
liabilities.  James R. Walsh, at Spence Custer Saylor Wolfe &
Rose,
LLC, serves as bankruptcy counsel.


ORIENTAL CANTONES: Court Confirms Reorganization Plan
-----------------------------------------------------
Judge Enrique S. Lamoutte Inclan of the U.S. Bankruptcy Court for
the District of Puerto Rico issued an order approving the
disclosure statement and confirming the plan of reorganization
filed by Oriental Cantones Inc. on Oct. 10, 2016.

As reported by the Troubled Company Reporter on Oct. 18, 2016,
under the plan, priority unsecured creditors will receive a
distribution of no less than 100% of their allowed claims over a
period of five years.

Payments and distributions under the Plan will be funded by rental
income, income from service granted by the Debtor.

The Disclosure Statement is available at:

            http://bankrupt.com/misc/prb16-02759-46.pdf 

                       About Oriental
Cantones

Oriental Cantones, Inc., incorporated under the laws of the
Commonwealth of Puerto Rico, operates a business that is dedicated
to the rental of real estate property.  It  has real estate
property in the amount of approximately $525,000.00, that is the
commercial property, which consists of a building and two houses
that are the subject of rentals.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr.
D.P.R. Case No. 16-02759) on April 8, 2016.  Robert Millan,
Esq.,
at Millan Law Offices serves as the Debtor's bankruptcy counsel.

Shun Ming Lu Cen is the administrator of the corporation's affairs
and has power of attorney through the corporation's President,
Fung Wing Fung, who resides in the State of Florida.  He is the
managing officer in control of the Debtor.


OTEX RESOURCES: Wants Court to Approve Cash Collateral Use
----------------------------------------------------------
OTeX Resources LLC asks the U.S. Bankruptcy Court for the Southern
District of Texas for authorization to use cash collateral.

The Debtor's sole income is from the production of crude oil from
the several wells the Debtor holds royalty interests.  The product
is sold to a local broker, who will advance to the Debtor
approximately 70% of the market price per barrel received.

The Debtor owes Solstice Capital, LLC at least $189,355.67 as of
the PetitionDate.

The Debtor contends that in order to propose a plan of
reorganization, the Debtor needs to continue to operate its
business by producing crude oil.  The Debtor further contends that
it needs to use its receipts from the sale of crude oil to pay its
expenses.  The Debtor adds that it needs to use $43,900 per month.

The Debtor tells the Court that until plan confirmation, the use of
cash collateral is needed to avoid immediate and irreparable harm
to the estate.  The Debtor further tells the Court that absent such
use, the Debtor would be required to cease operations.

A full-text copy of the Debtor's Motion, dated February 8, 2017, is
available at
http://bankrupt.com/misc/OTeXResources2017_80033_8.pdf

              About OTeX Resources LLC

OTeX Resources LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Texas Case No. 17-80033) on January
31, 2017.  The petition was signed by Thomas E. Fereday, managing
member.  The case is assigned to Judge Marvin Isgur.

At the time of the filing, the Debtor disclosed $560,172 in assets
and $1.71 million in liabilities.

The Debtor owns a small oil field production company.  Prior to
filing for bankruptcy protection, the Debtor operated a business
specializing in the production and sales of crude oil resulting
from the Debtor's acting as an operator in certain fields in
eastern Harris County and Western Chambers County.



OTEX RESOURCES: Wants DIP Financing From Solstice Capital
---------------------------------------------------------
OTeX Resources, LLC asks the U.S. Bankruptcy Court for the Southern
District of Texas for authorization to obtain post-petition
financing from Solstice Capital, LLC.

The Debtor tells the Court that an immediate need exists for it to
obtain approval of the DIP Financing Agreement to pay payroll,
utilities, vendors, other ongoing expenses in the ordinary course
of the Debtor's business, including boding costs as required by the
Texas Railroad Commission.  The Debtor further tells the Court that
without immediate authorization, the Debtor's ability to operate
will be severely impaired.  The Debtor adds that a complete
shutdown of the business will result in diminished value of
collateral securing the interests of secured parties and the
possibility that unsecured creditors will receive no meaningful
distribution.

The key terms of the DIP Facility, among others, are:

     (1) DIP Credit Facility:  A senior multi-draw revolving credit
facility in the amount up to $100,000.00 in any new money loans
with funds being advanced as post-Petition accounts receivable and
inventory are acquired.

     (2) Maturity: The earlier of:

          (a) the effective date of the Debtor's chapter 11 plan;

          (b) the date a sale of substantially all of the Debtor's
assets is consummated under 11 U.S.C. Section 363;

          (c) the occurrence of an event of default; or

          (d) March 1, 2019.

     (3) Security: All loans and other obligations under the DIP
Facility will be:

          (a) entitled to superpriority claim status;

          (b) will be secured by:

               (i) a first priority perfected security interest,
senior to liens securing the pre-petition credit facilities in all
presently owned and after-acquired assets of the Debtor;

               (ii) a junior lien on all previously encumbered
assets of the Debtor, other than liens securing the pre-petition
credit facilities;

               (iii) proceeds of avoidance actions, but only for
the purposes of satisfying the loan commitment;

                (iv) the proceeds of any avoidance action for the
recovery of any post-petition transfer of collateral;

                (v) the Debtor's rights under 11 U.S.C. Section
506(c) and their proceeds.

     (4) Interest: 12% per annum

     (5) Application of Proceeds:  Payments will be applied to the
repayment of the revolving loan commitment.

The Debtor proposes that any challenge by the Debtor, the LLC
Debtor, any creditor, party in interest, or other non-Debtor party
to the validity, perfection, or priority of the security interest
and liens of Solstice Capital, LLC in the case must be commenced by
way of adversary proceeding on or before March 15, 2017.

The Debtor says that the Challenge Deadline may be extended by the
Court for cause if a motion to extend the Challenge Deadline is
filed on or before March 15, 2017.  The Debtor further says that if
any of the parties do not commence an adversary proceeding on or
before the Challenge Deadline:

     (a) all such parties will be deemed to have agreed and
acknowledged that Solstice Capital, LLC's liens against and
security interests in the Collateral are legal, valid, binding,
perfected, and otherwise unavoidable in an amount no less than at
least approximately $140,000.00; and

     (b) Solstice Capital, LLC's liens will not be subject to any
other or further challenge by any party.

The Debtor tells the Court that unless a party has commenced an
adversary proceeding to challenge the validity, perfection, or
priority Solstice Capital, LLC's security interest and liens in the
case before the Challenge Deadline, no Collateral or Cash
Collateral, or their proceeds, will be used by such party for the
purpose of:

     (a) objecting to or contesting in any manner, or in raising
any defenses to, the validity, extent, perfection, priority, or
enforceability of any claim held by the Solstice Capital, LLC
against the Debtor, or any liens or security interests with respect
thereto;

     (b) preventing, hindering, or delaying Solstice Capital, LLC's
enforcement of remedies and collection rights against and upon any
of Solstice Capital, LLC's Collateral, except for motions to lift
the stay; or

     (c) modifying Solstice Capital, LLC's rights under the
applicable Loan Documents with the Debtor.

A full-text copy of the Debtor's Motion, dated February 8, 2017, is
available at
http://bankrupt.com/misc/OTexResources2017_80033_9.pdf

A full-text copy of the DIP Credit Agreement, dated February 8,
2017, is available at
http://bankrupt.com/misc/OTexResources2017_80033_9_1.pdf

              About OTeX Resources LLC

Otex Resources LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Texas Case No. 17-80033) on January
31, 2017.  The petition was signed by Thomas E. Fereday, managing
member.  The case is assigned to Judge Marvin Isgur.

At the time of the filing, the Debtor disclosed $560,172 in assets
and $1.71 million in liabilities.

The Debtor owns a small oil field production company.  Prior to
filing for bankruptcy protection, the Debtor operated a business
specializing in the production and sales of crude oil resulting
from the Debtor's acting as an operator in certain fields in
eastern Harris County and Western Chambers County.



OW BUNKER: Suppliers Lose Summary Judgment Bids in 3 Interpleaders
------------------------------------------------------------------
Judge Valerie Caproni has ruled on the motions for summary judgment
filed in each of the interpleader actions that arose out of the
collapse and insolvency of O.W. Bunker & Trading A/S (O.W. Denmark)
and its international subsidiaries (collectively, "O.W.").  

The interpleader actions are:

     -- CLEARLAKE SHIPPING PTE LTD., Plaintiff, v. O.W. BUNKER
        (SWITZERLAND) SA, O.W. BUNKER USA INC., O.W. BUNKER NORTH
        AMERICA INC., O.W. BUNKER HOLDING NORTH AMERICA INC.,
        NUSTAR ENERGY SERVICES INC., ING BANK N.V., Defendants,
        No. 14-CV-9287 (VEC) (S.D.N.Y.);

     -- NIPPON KAISHA LINE LIMITED, individually and on behalf of
        M/V RIGEL LEADER (IMO No.9604940), Plaintiff, v. O.W.
        BUNKER USA INC., NUSTAR ENERGY SERVICES, INC., KIRBY
        INLAND MARINE LP, ING BANK N.V., Defendants, No. 14-CV-
        10091 (VEC) (S.D.N.Y.);

     -- HAPAG-LLOYD AKTIENGESELLSCHAFT, Plaintiff, v. U.S. OIL
        TRADING L.L.C., O.W. BUNKER GERMANY GMBH, O.W. BUNKER &
        TRADING A/S, ING BANK N.V. AND CREDIT AGRICOLE S.A.,
        Defendants,No.14-CV-9949 (VEC) (S.D.N.Y.); and

     -- U.S. OIL TRADING LLC, Plaintiff, v. M/V VIENNA EXPRESS,
        her tackle, boilers, apparel, furniture, engines,
        appurtenances, etc., in rem, and M/V SOFIA EXPRESS, her
        tackle, boilers, apparel, furniture, engines,
        appurtenances, etc., in rem, and HAPAG-LLOYD
        AKTIENGESELLSCHAFT, as claimant to the in rem defendant
        M/V VIENNA EXPRESS, Defendants.

     -- HAPAG-LLOYD AKTIENGESELLSCHAFT, as claimant to the in rem
        defendant M/V VIENNA EXPRESS, Counter-Claimant and Third-
        Party Plaintiff, v. U.S. OIL TRADING LLC, Counter-
        Defendant, and O.W. BUNKER GERMANY GMBH, O.W. BUNKER &
        TRADING A/S, ING BANK N.V., CREDIT AGRICOLE CORPORATE AND
        INVESTMENT BANK, a division or arm of CREDIT AGRICOLE
        S.A., Third-Party Defendants, No. 15-CV-6718 (VEC)
        (S.D.N.Y.).

The parties to these cases are the counterparties to several of
O.W.'s trading contracts and O.W.'s primary secured lender, ING
Bank, N.V. (ING).  

O.W. Denmark's United States subsidiary, O.W. Bunker USA Inc. (O.W.
USA), filed a petition for relief under Chapter 11 of the
Bankruptcy Code on November 13, 2014, in the District of
Connecticut.  O.W.'s primary line of business was the supply of
marine fuel, also known as "bunkers."  In the aftermath of O.W.'s
insolvency, its customers were uncertain whom to pay and were
concerned about subjecting their vessels to multiple arrests while
the issue was being sorted out.  They initiated interpleaders to
resolve the competing claims to payment asserted by O.W., its
lender, and suppliers in December 2014.  The parties have been
marooned in the Southern District ever since.

After discovery, which was conducted on a consolidated basis in the
24 interpleader cases that were pending before Judge Caproni as of
June 30, 2015, the Court asked the parties to identify "test cases"
that would efficiently present for decision the significant legal
issues that needed to be decided.

Thereafter, motions for summary judgment were filed by the
claimants to the interpleader funds -- O.W., its lender, and
suppliers -- and motions for discharge were filed by the vessel
owners and charterers in the three "test cases" designated by the
Court.  O.W., its secured lender, and its suppliers each moved for
summary judgment on their asserted in rem claims to the
interpleader funds.  O.W. and its secured lender also asserted in
personam breach of contract claims against the vessel interests.  

Judge Caproni denied the suppliers' motions for summary judgment in
each of the three tests: in case no. 14-CV-9287; in case no.
14-CV-10091; in case no. 14-CV-9949; and in case no. 15-CV-6718.

Judge Caproni granted in part, ING's motions for summary judgment
in the Clearlake test case and the Hapag-Lloyd test case to the
extent ING has moved for summary judgment on its claim that the
O.W. entities hold maritime liens and in rem interests in the
interpleader res.  ING's motions for summary judgment as to the
validity of the O.W. entities' assignment of their liens to ING
remain pending.

Lastly, Judge Caproni granted in part, O.W. USA's motion for
summary judgment in the Nippon Yusen test case with respect to O.W.
USA's claim that the O.W. entities hold a maritime lien and in rem
interest in the interpleader res.  O.W. USA's motion for summary
judgment on its in personam claims against Nippon Yusen remains
pending.

A full-text copy of Judge Caproni's January 9, 2017 order and
opinion is available at https://is.gd/KkF3yV from Leagle.com.

Clearlake Shipping Pte Ltd. is represented by:

          James H. Hohenstein, Esq.
          Marie Elizabeth Larsen, Esq.
          HOLLAND & KNIGHT LLP
          31 West 52nd Street
          New York, NY 10019
          Tel: (212)513-3200
          Fax: (212)385-9010
          Email: jim.hohenstein@hklaw.com
                 marie.larsen@hklaw.com

Nustar Energy Services Inc. is represented by:

          Thomas Hunt Belknap, Jr., Esq.
          Kate Bea Belmont, Esq.
          BLANK ROME LLP
          The Chrysler Building
          405 Lexington Avenue
          New York, NY 10174-0208
          Tel: (212)885-5000
          Fax: (212)885-5001
          Email: tbelknap@blankrome.com
                 kbelmot@blankrome.com
       
            -- and --

          Keith Bernard Letourneau, Esq.
          BLANK ROME LLP
          717 Texas Avenue, Suite 1400
          Houston, TX 77002
          Tel: (713)228-6601
          Fax: (713)228-6605
          Email: kletourneau@blankrome.com

ING Bank N.V. is represented by:

          Bruce G. Paulsen, Esq.
          Brian Paul Maloney, Esq.
          SEWARD & KISSEL LLP
          One Battery Park Plaza
          New York, NY 10004
          Tel: (212)574-1200
          Fax: (212)480-8421
          Email: paulsen@sewkis.com
                 maloney@sewkis.com

                         About O.W. Bunker

OW Bunker AS is a global marine fuel (bunker) company founded in
Denmark.

On Nov. 6, 2014, OW Bunker A/S placed OWB Trading and O.W. Bunker
Supply & Trading A/S in an in-court restructuring procedure with
the probate court in Aalborg, Denmark.  By Nov. 7, 2014, the
Danish entities (plus O.W. Bunker Supply & Trading A/S, O.W.
Cargo Denmark A/S, and Dynamic Oil Trading A/S) were placed under
formal Danish bankruptcy (liquidation) proceedings in the Aalborg
probate court.

The company declared bankruptcy following its admission that it
had lost US$275 million through a combination of fraud committed
by senior executives at its Singaporean unit.

The Danish company placed its U.S. subsidiaries -- O.W. Bunker
Holding North America Inc., O.W. Bunker North America Inc. and
O.W. Bunker USA Inc. -- in Chapter 11 bankruptcy (Bankr. D. Conn.
Case Nos. 14-51720 to 14-51722) in Bridgeport, Conn., on Nov. 13,
2014.  The U.S. cases are assigned to Judge Alan H.W. Shiff.  The
U.S. Debtors tapped Patrick M. Birney, Esq., and Michael R.
Enright, Esq., at Robinson & Cole LLP, as counsel.   McCracken,
Walker & Rhoads LLP served as co-counsel.  Alvarez & Marsal acted
as the financial advisor.

The Office of the United States Trustee formed an official
committee of unsecured creditors of the Debtors on Nov. 26, 2014.
The Committee tapped Hunton & Williams LLP as its attorneys.

On Dec. 15, 2015, the U.S. Debtors obtained confirmation of their
First Modified Liquidation Plans.  Under the plan, the Debtors
proposed to create two liquidating trusts, one for each of its
North American units, to hold the estate assets of each company
and make distributions to creditors, while parent OW Bunker
Holding North America Inc. will dissolve.

According to a Bloomberg report, under the First Modified Plan,
administrative claims of $0.94 million, U.S. Trustee Fees, non-
tax priority claims against OWB USA and NA, Priority tax claims
of $0.05 million, secured claims against OWB USA and NA and fee
claims will be paid in full in cash.  Subordinated claims against
OWB USA and NA will not receive any distribution.  Electing OWB
USA unaffiliated trade claims of $13.3 million will have a
recovery of 40% amounting to $5.31 million.  OWB NA affiliated
unsecured claims and non-electing OWB NA unaffiliated trade
claims will have a recovery of 1% in cash.  OWB USA affiliated
unsecured claims will have a recovery of 0.4% in cash.  Electing
OWB NA unaffiliated trade claims will receive pro rata payment of
$2.5 million in cash.  Non-Electing OWB USA unaffiliated trade
claims of $18.36 million will be paid $0.07 million in cash, a
recovery of 0.4%.  Equity interests in OWB USA and NA will be
cancelled and will not receive any distribution.  The plan will
be funded by cash in hand and sale of assets.


P3 FOODS: Can Use Element Financial Cash Until March 9
------------------------------------------------------
Judge Donald R. Cassling of the U.S. Bankruptcy Court for the
Northern District of Illinois authorized P3 Foods, LLC to use
Element Financial Corp.'s cash collateral on an interim basis
through March 9, 2017.

Element Financial asserts a secured claim in the amount of
$689,965.62 as of the Petition Date.  Element Financial has a first
priority, perfected security interest in all of the Debtor's
personal property.

Element Financial was granted post-petition replacement liens to
the same extent and with the same priority as held pre-petition.
Element Financial was also granted a claim with priority over all
other claims entitled to priority, to the extent that the use of
the cash collateral results in a diminution of Element Financial's
interest in the cash collateral as of the Petition Date in excess
of the value of the Adequate Protection Liens, and subject to the
quarterly fees of the United States Trustee.

20/20 Franchise Funding LLC, Leaf Capital Funding LLC, and American
Express Bank FSB were granted a post-petition replacement lien, to
the same extent and with the same priority as held pre-petition on
the same type of asset.

The Debtor was directed to make adequate protection payments to:

     (1) Element Financial, in the amount of $16,428,14;

     (2) 20/20 Franchise Funding, in the amount of $4,835;

     (3) American Express, in the amount of $7,802; and

     (4) Leaf Capital Funding, in the amount of $797.

The approved Budget for the period February 11, 2017 through March
10, 2017, provided for total expenses in the amount of $811,444.

A continued hearing on the Debtor's Motion is scheduled on March 7,
2017 at 10:00 a.m.

A full-text copy of the Interim Order, dated February 8, 2017, is
available at http://bankrupt.com/misc/P3Foods2016_1632021_84.pdf

Element Financial is represented by:

          Thomas Askounis, Esq.
          Alex Darcy, Esq.
          C. Randall Woolley, Esq.
          ASKOUNIS & DARCY PC
          444 North Michigan Avenue, Suite 3270
          Chicago, IL 60611
          Telephone: (312) 784-2400
          Email: taskouinis@askounisdarcy.com
                 adarcy@askounisdarcy.com
                 rwoolley@askounisdarcy.com

                 About P3 Foods, LLC.

P3 Foods, LLC, operates nine Burger King franchises in Minneapolis,
Minnesota.  P3 Foods filed a chapter 11 petition (Bankr. N.D. Ill.
Case No. 16-32021) on Oct. 6, 2016.  The case is assigned to Judge
Donald Cassling.  

An official committee of unsecured creditors has not yet been
appointed.

The Debtor is represented by Richard L. Hirsh, Esq., at Richard L.
Hirsh, P.C.  The Debtor engaged Aldridge Chasewater LLC as
accountant.



PAONESSA ALFROMBRAS: Seeks to Hire Tamarez CPA as Accountant
------------------------------------------------------------
Paonessa Alfombras, Inc. seeks approval from the U.S. Bankruptcy
Court for the District of Puerto Rico to hire an accountant.

The Debtor proposes to hire Tamarez CPA, LLC to assist in the
preparation of monthly operating reports; assist in the
reconciliation and clarification of claims filed and amount due to
creditors; prepare supporting documents for its Chapter 11 plan;
and provide general accounting and tax services.

The firm will be paid a monthly fee of $650 and will receive
reimbursement for work-related expenses.

Tamarez is a "disinterested person" as defined in section 101(14)
of the Bankruptcy Code, according to court filings.

The firm can be reached through:

     Albert Tamarez-Vasquez
     Tamarez CPA, LLC
     First Federal Saving Building
     1519 Ave. Ponce de Leon, Suite 412
     San Juan, PR 00909-1713
     Email: atamarez@tamarezcpa.com

The Debtor is represented by:

     Myrna L. Ruiz Olmo, Esq.
     P.O. Box 367819
     San Juan, PR 00936-7819
     Tel: (787) 237-7440
     Email: mro@prbankruptcy.com

                    About Paonessa Alfombras

Paonessa Alfombras, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.P.R. Case No. 16-00532) on January 28,
2016.  The case is assigned to Judge Enrique S. Lamoutte Inclan.


PAPERWORKS INDUSTRIES: Moody's Cuts Corp. Family Rating to Caa1
---------------------------------------------------------------
Moody's Investors Service downgraded the corporate family rating of
PaperWorks Industries Inc. to Caa1 from B3 and the probability of
default rating to Caa1-PD from B3-PD. Moody's also downgraded the
senior secured notes rating to Caa1 from B3. The downgrade reflects
anticipated increase in leverage following the company's decision
to close its Philadelphia mill in April 2017 as well as ongoing
headwinds from rising recycled fiber costs and weakness in the
coated recycled board (CRB) market. Although the proposed mill
closure should improve the company's vertical integration and
margins and help balance demand and supply in the North American
CRB industry, during the transitional period leverage will increase
and free cash flow will remain negative in 2017. The ratings
outlook is negative.

Issuer: PaperWorks Industries, Inc.

Moody's took the following actions:

-- Senior Secured Regular Bond/Debenture, Downgraded
    to Caa1, LGD4 from B3, LGD4

-- Corporate Family Rating, Downgraded to Caa1 from B3

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

Outlook Actions:

-- Outlook, Remains Negative

RATINGS RATIONALE

The Caa1 rating reflects the company's high leverage, negative free
cash flow, small scale and limited product and operational
diversity, given its concentration in coated recycled board.
PaperWorks remains a fairly small player in the CRB industry.
Although its vertical integration will improve following the
proposed closure of the Philadelphia mill, it will still have
proportionately more open market sales compared to its more
integrated and diversified major competitors, leaving it more
exposed to CRB demand and price weakness. Weak demand for packaged
food has resulted in lower CRB backlogs and pushed CRB prices down
in 2016, negatively impacting earnings and leading to
market-related mill downtime across the industry in the fourth
quarter. Pro forma for the sale of the sheeting business and the
proposed mill closure, Moody's expects the company's leverage as
adjusted by Moody's to be around 7 times in the twelve months ended
December 2016 and Moody's do not expect significant improvement in
2017.

The rating reflects expectations for weak CRB demand driven by
sluggish packaged food growth and significant price increases for
recycled fiber, the main raw material for CRB. All CRB producers
announced price increases in February to offset the sharp run-up in
recycled fiber costs, but Moody's has yet to see whether the CRB
prices will rise. PaperWorks' proposed mill closure should help
balance supply and demand in the industry and ultimately support
price increases, but it usually takes time for the market to work
through inventories. Further volume declines, increases in fiber
costs or inability by producers to increase CRB prices may
negatively impact PaperWorks' earnings and liquidity, given lower
earnings base following the sale of sheeting business in December
2016 and the proposed mill closure. The proceeds from the sale of
its sheeting operation have shored up liquidity in the near term,
but free cash flow is expected to remain negative in 2017 and
Moody's views liquidity as weak. The company needs to demonstrate
EBITDA improvement as its refinancing risks are increasing with
both its revolver and bonds due in 2019.

Moody's expects PaperWorks to have weak liquidity over the next
twelve months. The company sold its sheeting business in December
2016 for $68 million, which allowed it to repay its $54 million of
borrowings as of September 30, 2016 under its asset-based revolver.
The revolver, which was reduced from $100 million to $75 million in
connection with the sale of the sheeting business, is subject to
borrowing base limitations and expires in August 2019. The company
had roughly $50 million of revolver availability as of the end of
2016 and approximately $22 million of cash. Moody's expects
negative free cash flow in 2017 and anticipate revolver borrowings
in 2017. The revolver has a capital expenditure covenant and a
springing fixed charge covenant of 1:1 if availability falls below
$9.375 million. The company would not be able to meet the fixed
charge covenant calculation if it were triggered. The company does
not expect availability to fall below $9.375 million in 2017, but
there is little room for negative variance in financial
performance. There are no near-term maturities, but the whole
capital structure matures in 2019.

The Caa1 rating on the $360 million secured notes is in line with
the corporate family rating as the notes represent the majority of
debt in the company's capital structure, which also includes an
unrated $75 million asset-based revolver. The secured notes are
secured predominantly by a first lien on all real property and
other assets of the company's domestic operations and the second
lien on the ABL collateral. The $75 million ABL facility is secured
predominantly by a first lien on the receivables and inventory of
both domestic and Canadian subsidiaries.

The negative outlook reflects potential execution risks during the
proposed mill closure as well as negative headwinds from rising
recycled fiber costs and weakness in the CRB industry as well as
weak liquidity.

The ratings could be downgraded if the company experiences weak
financial performance during the closure of the mill and market
environment deteriorates further. The ratings could also be
downgraded if free cash flow remains negative and company's
debt/EBITDA remains above 7 times on a sustained basis.

Moody's could stabilize the outlook if financial performance and
the market environment improve, the company starts generating
positive free cash flow and availability under its revolver
improves. An upgrade would require reduction in leverage below 6.0
times on a sustained basis, maintaining EBITDA margins above 9% and
sustained free cash flow generation.

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

Headquartered in Bala Cynwyd, Pennsylvania, PaperWorks is producer
of coated recycled paperboard and folding cartons. Paperworks has
been a portfolio company of Sun Capital Partners, Inc. since 2008.
The company generated $620 million in revenue for the twelve months
ended September 2016 ($480 million pro forma for the sale of the
sheeting business).


PARKER DRILLING: S&P Affirms 'B-' CCR & Alters Outlook to Negative
------------------------------------------------------------------
S&P Global Ratings affirmed its 'B-' corporate credit rating.  At
the same time, S&P affirmed its 'B-' issue-level rating on the
company's senior unsecured debt.  The recovery rating remains '3',
indicating S&P's expectation of meaningful (50% to 70%; lower half
of the range) recovery if a payment default occurs.  The outlook is
negative.

"The outlook revision to negative reflects our expectation that
debt leverage will remain very high in 2017, over 10x, before
improving to more sustainable levels in 2018," said S&P Global
Ratings credit analyst David Lagasse.  "If market conditions fail
to sustain the current positive momentum, likely due to a retreat
in crude oil prices, debt leverage could remain at levels we
consider unsustainable in 2018.  If this were to occur, we could
lower ratings."

The ratings on Houston-based Parker Drilling reflect S&P's
assessment of liquidity as adequate, business risk as weak, and
financial risk as highly leveraged.

The negative outlook reflects S&P's view that Parker Drilling Co.'s
credit measures are likely to remain weak for the rating over the
next year, with FFO to debt below 10%.

S&P could lower the rating if it expects Parker's credit measures
to become unsustainable and/or Parker's liquidity becomes less than
adequate.  This could happen in conjunction with a retreat in crude
oil prices, which could result in a significant reduction in E&P
spending.  

S&P could consider a stable outlook if credit measures improve such
that FFO to debt is approaching 12%.  Such a scenario could occur
if E&P activity sustains its current pace of improvement likely
along with sustained improvement in commodity prices.


PATRIOT ONE: Seeks May 23 Exclusive Plan Filing Period Extension
----------------------------------------------------------------
Patriot One, Inc. requests the U.S. Bankruptcy Court for the
Western District of Pennsylvania for an extension of the deadline
to file a Plan and Disclosure Statement, as well as an additional
extension of the exclusive period in which only the Debtor may file
a Plan, by a period of 90 days, to May 23, 2017.

The Debtor says it requires additional time in its attempt to
resolve disputes regarding the claims of various creditors,
including whether certain creditors have Administrative Claims. The
Debtor contends that resolution of these disputes, either through
litigation or settlement, will materially affect the Debtor's Plan
of Reorganization.

                        About Patriot One, Inc.

Patriot One, Inc. filed Chapter 11 bankruptcy petition (Bankr. W.D.
Pa. Case No. 16-23160) on August 26, 2016.  The Petition was signed
by David W. Yurkovich, Jr., President.  At the time of filing, the
Debtor had less than $50,000 in estimated assets and $500,000 to $1
million in estimated liabilities.

The Debtor is represented by Robert O Lampl, Esq. at Robert O
Lampl, Attorney at Law. The Debtor tapped David Manes, Esq. at
Kraemer, Manes & Associates LLC as its a special counsel.

The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Patriot One, Inc.


PAWS AND CLAWS: Wants Court Approval to Use Cash Collateral
-----------------------------------------------------------
Paws and Claws Pet Inn, LLC asks the U.S. Bankruptcy Court for the
Middle District of North Carolina for authorization to use cash
collateral.

The Debtor leases a turn-key pet boarding and grooming facility
located at 5725 Normans Road, Rougemont, North Carolina to a tenant
who operates the Facility.

The Debtor is indebted to Key Star Capital Fund, L.P. in the
principal amount of $290,019.16, plus post-petition interest,
attorney's fees and costs.  Key Star Capital Fund has a security in
all the right, title and interest in and to any and all leases for
the use of the Facility.

The Debtor is also indebted to Self-Help Ventures Fund, in the
amount of $126,563.10 plus post-petition interest, attorney's fees
and costs.  The debt is secured by a Future Advances Deed of Trust,
which contains an assignment of leases and rents clause that
assigns all rents and profits of the Facility to Self-Help Ventures
Fund.

The Debtor contends that the lien held by Key Star Capital Fund is
superior to the lien held by Self-Help Ventures Fund.

The IRS filed a claim in the amount of $65,865.64.  Of that amount,
$39,763.31 is listed as secured.  The Debtor contends that because
the IRS attempted to perfect some of its liens post-petition, the
actual allowable secured claim is substantially less.

The Debtor tells the Court that even if the claims of Key Star
Capital Fund, Self-Help Ventures Fund, and the IRS are allowed in
full, there is still a substantial equity cushion in the
collateral.  The Debtor further tells the Court that based on
available appraisals, the value of the Facility is between $499,000
and $660,000.  The Debtor explains that the total amount of secured
claims is $456,345.57, leaving an equity cushion of between $42,000
and $203,000.

The Debtor proposes to make regular adequate protection payments to
Key Star Capital Fund and Self-Help Ventures Fund equal to their
contract rates of interest, and provide limitations on cash
collateral usage to ensure that they are adequately protected.

The Debtor asserts that it is dependent upon the use of the cash
collateral to pay on-going costs of preserving and maintaining the
property, marketing the property and paying the costs of
administering the bankruptcy.  The Debtor further asserts that if
it is not permitted to use the cash collateral to pay the expenses,
reorganization would be rendered impossible, and the fair market
value of the estate's assets would be significantly reduced,
resulting in financial loss to all parties in interest.

A full-text copy of the Debtor's Motion, dated February 8, 2017, is
available at
http://bankrupt.com/misc/PawsandClaws2016_1681010_62.pdf

          About Paws and Claws Pet Inn, LLC

Paws and Claws Pet Inn, LLC, filed a Chapter 11 petition (Bankr.
M.D. N.C. Case No. 16-81010) on November 14, 2016.  The Petition
was signed by Patricia R. Williford, Member/Manager.  The Debtor is
represented by James C. White, Esq. at the law office of Parry
Tyndall White.  At the time of filing, the Debtor had $500,000 to
$1 million in estimated assets and $100,000 to $500,000 in
estimated liabilities.

The Debtor tapped Donna Ray Berkelhammer, Esq., at Berkelhammer Law
PC, dba Legal Direction as special counsel.



PEABODY ENERGY: Allowed to File Chapter 11 Plan Until May 1
-----------------------------------------------------------
Judge Barry S. Schermer of the U.S. Bankruptcy Court for the
Eastern District of Missouri extended the exclusive periods during
which Peabody Energy Corporation and certain of its subsidiaries
may (a) file a plan of reorganization, through and including May 1,
2017, and (b) solicit acceptances of its plan, through and
including June 30, 2017.

The Troubled Company Reporter had earlier reported that the Debtors
asked the Court to further extend the Exclusive Periods out of an
abundance of caution and prudence since the Exclusive Filing Period
will expire before the scheduled confirmation hearing on the
Solicitation Plan. Pursuant to a Bridge Order, the Exclusive Filing
Period had been extended through and including February 15, 2017.

The Debtors related that since the commencement of their Chapter 11
cases, they had been focused on stabilizing their operations,
complying with the requirements of the Bankruptcy Code and the
Federal Rules of Bankruptcy Procedure, developing a restructuring
plan that maximizes value for stakeholders and ensures a viable
company post-emergence and negotiating such a plan, along with
important related agreements that will result in a $1.5 billion new
money investment in the reorganized Debtors, with their major
creditor constituencies.

The Debtors also related that on January 27, 2017, the Court
approved their Second Amended Disclosure Statement with respect to
their Second Amended Joint Plan of Reorganization.  

               About Peabody Energy Corporation

Headquartered in St. Louis, Missouri, Peabody Energy Corporation
claims to be the world's largest private-sector coal company.  As
of Dec. 31, 2014, the Company owned interests in 26 active coal
mining operations located in the United States (U.S.) and
Australia.  The Company has a majority interest in 25 of those
mining operations and a 50% equity interest in the Middlemount Mine
in Australia.  In addition to its mining operations, the Company
markets and brokers coal from other coal producers, both as
principal and agent, and trade coal and freight-related contracts
through trading and business offices in Australia, China, Germany,
India, Indonesia, Singapore, the United Kingdom and the U.S.

Peabody posted a net loss of $1.988 billion for 2015, wider from
the net loss of $777 million in 2014 and the $513 million net loss
in 2013.

At Dec. 31, 2015, the Company had total assets of $11.02 billion
against $10.1 billion in total liabilities, and stockholders'
equity of $919 million.

On April 13, 2016, Peabody Energy Corp. and 153 affiliates filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code.  The 154 cases are pending joint
administration before the Honorable Judge Barry S. Schermer under
(Bankr. E.D. Mo. Case No. 16-42529).

As of the Petition Date, PEC has approximately $4.3 billion in
outstanding secured debt obligations and $4.5 billion in
outstanding unsecured debt obligations.

The Debtors tapped Jones Day as general counsel; Armstrong,
Teasdale LLP as local counsel; Lazard Freres & Co. LLC and
investment banker Lazard PTY Limited as investment banker; FTI
Consulting, Inc., as financial advisors; and Kurtzman Carson
Consultants, LLC, as claims, ballot and noticing agent.

The Office of the U.S. Trustee on April 29, 2016, appointed seven
creditors of Peabody Energy Corp. to serve on the official
committee of unsecured creditors.  The Committee retained Morrison
& Foerster LLP as counsel, Spencer Fane LLP as local counsel,
Curtis, Mallet-Prevost, Colt & Mosle LLP as conflicts counsel,
Blackacre LLC as its independent expert, and Berkeley Research
Group, LLC, as financial advisor.


PEABODY ENERGY: Court Denies Bid to Appoint Retail Committee
------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Missouri on
Feb. 15 denied a request by a senior noteholder to appoint an
official committee of retail unsecured noteholders in Peabody
Energy Corp.'s Chapter 11 case.

Last month, Joel Packer, a holder of 6% senior notes issued by
Peabody, had proposed the appointment of a committee after the
company entered into an agreement that allows certain noteholders
to purchase preferred equity in a private placement by the
company.

Mr. Packer had argued the agreement provided significant benefits
to institutional bondholders only and deprived retail noteholders
from participating in the private placement.

                   About Peabody Energy Corp.

Headquartered in St. Louis, Missouri, Peabody Energy Corporation
claims to be the world's largest private-sector coal company.  As
of Dec. 31, 2014, the Company owned interests in 26 active coal
mining operations located in the United States (U.S.) and
Australia.  The Company has a majority interest in 25 of those
mining operations and a 50% equity interest in the Middlemount Mine
in Australia.  In addition to its mining operations, the Company
markets and brokers coal from other coal producers, both as
principal and agent, and trade coal and freight-related contracts
through trading and business offices in Australia, China, Germany,
India, Indonesia, Singapore, the United Kingdom  and the U.S.

Peabody posted a net loss of $1.988 billion for 2015, wider from
the net loss of $777 million in 2014 and the $513 million net loss
in 2013.

At Dec. 31, 2015, the Company had total assets of $11.02 billion
against $10.1 billion in total liabilities, and stockholders'
equity of $919 million.

On April 13, 2016, Peabody Energy Corp. and 153 affiliates filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code.  The 154 cases are pending joint
administration before the Honorable Judge Barry S. Schermer under
(Bankr. E.D. Mo. Case No. 16-42529).

As of the Petition Date, PEC has approximately $4.3 billion in
outstanding secured debt obligations and $4.5 billion in
outstanding unsecured debt obligations.

The Debtors tapped Jones Day as general counsel; Armstrong,
Teasdale LLP as local counsel; Lazard Freres & Co. LLC and
investment banker Lazard PTY Limited as investment banker; FTI
Consulting, Inc., as financial advisors; and Kurtzman Carson
Consultants, LLC, as claims, ballot and noticing agent.

The Office of the U.S. Trustee on April 29, 2016, appointed an
official committee of unsecured creditors.  The Committee retained
Morrison & Foerster LLP as counsel, Spencer Fane LLP as local
counsel, Curtis, Mallet-Prevost, Colt & Mosle LLP as conflicts
counsel, Blackacre LLC as its independent expert, and Berkeley
Research Group, LLC, as financial advisor.

                        *     *     *

Judge Barry S. Schermer of the U.S. Bankruptcy Court for the
Eastern District of Missouri on Jan. 27, 2017, approved the second
amended disclosure statement explaining Peabody Energy Corporation,
et al.'s joint plan of reorganization and scheduled the
confirmation hearing for March 16, 2017, at 10:00 A.M., Central
Time.  Objections to confirmation of the Plan must be filed on or
before March 9.


PINNACLE AUTO: Bank of Commerce Wants to Prohibit Cash Use
----------------------------------------------------------
Bank of Commerce asks the U.S. Bankruptcy Court for the Western
District of Oklahoma to prohibit Pinnacle Auto Lease, Inc. from
using cash collateral.

The Debtor, and several co-makers, owe the Bank of Commerce
$7,232,331, accrued interest of $37,949.67, and accruing interest,
and all other expenses, fees, charges, advances, taxes and
assessments under their loan documents.  Bank of Commerce has a
security interest in collateral consisting of all the Debtor's
assets and property, and all their proceeds and products.  Bank of
Commerce also has a security interest in all auto leases covering
autos purchased and/or refinanced with loan proceeds provided by
Bank of Commerce.

Bank of Commerce contends that in the Debtor's Schedules of Asses
and Liabilities, Bank of Commerce was listed as having a disputed
claim in the amount of $7,247,668.60, secured by collateral worth
only $4,884.881.78.

Bank of Commerce tells the Court that prior to the Petition Date,
the Debtor's primary source of operating capital was Bank of
Commerce's cash collateral.  Bank of Commerce further tells the
Court that the Debtor's operations were funded through periodic
lease payments received from vehicle lease agreements with the
Debtor acting as lessor.  Bank of Commerce contends that those
leases, as well as the stream of payments resulting therefrom,
constitute its collateral.  Bank of Commerce further contends that
its security interests over the collateral have been properly
perfected through the filing of a UCC Financing Statement.

Bank of Commerce relates that the Debtor's counsel had represented
to Bank of Commerce's counsel that the Debtor has not utilized Bank
of Commerce's cash collateral since the Petition Date, but may
require its use in the near future.  Bank of Commerce asserts that
it does not contend to the Debtor's use of its cash collateral in
any manner.  It further asserts that the Debtor is unable to meet
its burden of establishing that Bank of Commerce's interests can be
adequately protected such that the Debtor may use cash collateral.


Bank of Commerce argues that the Debtor's own schedules provide
that BOC is grossly undersecured by over $2.3 million.   It further
argues that any postpetition use of Bank of Commerce's cash
collateral by the Debtor would unfairly erode Bank of Commerce's
collateral position, and that in order to protect Bank of Commerce
from any improper actions with regard to its cash collateral, the
Court should prohibit any further use of Bank of Commerce's cash
collateral and order the Debtor to deposit further cash collateral
in a segregated account established by Bank of Commerce.

A full-text copy of Commerce Bank's Motion, dated February 8, 2017,
is available at
http://bankrupt.com/misc/PinnacleAuto2017_1710319_12.pdf

Bank of Commerce is represented by:

          Melvin R. McVay, Jr., Esq.
          Clayton D. Ketter, Esq.
          PHILLIPS MURRAH P.C.
          Corporate Tower, Thirteenth Floor
          101 North Robinson Avenue
          Oklahoma City, OK 73102
          Telephone: (405) 235-4100
          E-mail: mrmcvay@phillipsmurrah.com
                  cdketter@phillipsmurrah.com

Bank of Commerce can be reached at:

          BANK OF COMMERCE
          1601 W Commerce
          Duncan OK 73533-8981

                    About Pinnacle Auto Lease

Pinnacle Auto Lease Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Okla. Case No. 17-10319) on Feb. 2,
2017.  The petition was signed by James H. Holman, president.  The
case is assigned to Judge Sarah A. Hall.  The Debtor is represented
by David B. Sisson, Esq., at the Law Offices of B David Sisson.
The Debtor disclosed total assets at $26.73 million and total debts
at $16.97 million.


PIONEER ENERGY: Vanguard Group Reports 5% Stake as of Dec. 31
-------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, The Vanguard Group reported that as of Dec. 31, 2016,
it beneficially owns 3,798,203 shares of common stock of Pioneer
Energy Services Corp which represents 5.02 percent of the shares
outstanding.

Vanguard Fiduciary Trust Company, a wholly-owned subsidiary of The
Vanguard Group, Inc., is the beneficial owner of 81,128 shares or
.10% 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/sD6xtT

                     About Pioneer Energy

Pioneer Energy Services Corp. provides land-based drilling services
and production services to a diverse group of independent and large
oil and gas exploration and production companies in the United
States and internationally in Colombia.  The Company also provides
two of its services (coiled tubing and wireline services) offshore
in the Gulf of Mexico.

Pioneer Energy reported a net loss of $155 million in 2015
following a net loss of $38 million in 2014.  As of Sept. 30, 2016,
Pioneer Energy had $723.0 million in total assets, $471.7 million
in total liabilities and $251.1 million in total shareholders'
equity.

                           *    *    *

As reported by the TCR on March 7, 2016, Moody's Investors Service,
on March 3, 2016, downgraded Pioneer Energy's Corporate Family
Rating (CFR) to 'Caa3' from 'B2', Probability of Default Rating
(PDR) to 'Caa3-PD' from 'B2-PD', and senior unsecured notes to 'Ca'
from 'B3'.

"The rating downgrades were driven by the material deterioration in
Pioneer Energy's credit metrics through 2015 and our expectation of
continued deterioration through 2016.  The demand outlook for
drilling and oilfield services is extremely weak, as witnessed by
the steep and continued drop in the US rig count" said Sreedhar
Kona, Moody's vice president.  "The negative outlook reflects the
deteriorating fundamentals of the services sector and the
likelihood of covenant breaches."

Pioneer Energy carries a "B+" corporate credit rating from Standard
& Poor's Ratings.


PIONEER ROOFING: Unsecured Creditors to Get 5% Under Plan
---------------------------------------------------------
Pioneer Roofing Systems, Inc., filed with the U.S. Bankruptcy Court
for the Eastern District of Virginia an amended disclosure
statement explaining its plan of reorganization.

Class 6 under the plan consists of general unsecured Allowed Claims
against the Estate with the exception of insider claims. The
holders of Class 6 claims will be paid with income that remains
after the satisfaction of the holders of Allowed Claims in Classes
1 through 5.  Class 6 claims will be paid at the rate of at least
5%.

The US Small Business Administration's (SBA) claim will also be
paid the sum of $6,200/month in rent from Pioneer for the 60-month
term of the Plan in addition to the SBA's monthly unsecured payment
of $586.34. Class 6 is impaired under the Plan.

The initial plan did not indicate the SBA as an unsecured claimant.


The source of funds to be distributed pursuant to the Plan will be
Pioneer's monthly disposable income, sales proceeds from real
property owned by Stephen R. Wann and Joan E. Martin, located at
1263 Dartmouth Court, Alexandria, Virginia 22314 and Buildings C
and D located at 7211-C and D, Telegraph Square Drive, Lorton,
Virginia 22079 and the waiver of their unsecured claim of
$298,873.59.

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

         http://bankrupt.com/misc/vaeb15-13518-192.pdf

                About Pioneer Roofing Systems

Pioneer Roofing Systems, Inc., a Virginia corporation, sells and
installs roofing systems in the Mid-Atlantic Region.  Stephen R.
Wann, president and 100% shareholder, has operated the Debtor for
the last 35 years.  The Debtor's office is located at 7211-C
Telegraph Square Drive, Lorton, Virginia.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E. D. Va. Case No. 15-13518) on October 8, 2015.  The
petition was signed by Stephen R. Wann, president.  The case is
assigned to Judge Brian F. Kenney.

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


PRATT WELL: Hires Hinkle Law as Special Counsel
-----------------------------------------------
Pratt Well Service, Inc., seeks authority from the U.S. Bankruptcy
Court for the District of Kansas to employ Hinkle Law Frim, LLC as
special counsel to the Debtor.

Pratt Well requires Hinkle Law to represent the Debtor on matters
regarding 401(k) employment benefits, and the U.S. Department of
Labor, including any disputes thereof.

Hinkle Law will be paid at the hourly rate of $425.

Hinkle Law will be paid a retainer in the amount of $7,500.

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

Eric S. Namee, member of Hinkle Law Frim, 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.

Hinkle Law can be reached at:

     Eric S. Namee, Esq.
     HINKLE LAW FRIM, LLC
     301 North Main, Suite 2000
     Wichita, KS 67202
     Tel: (316) 267-2000
     E-mail: enamee@hinklaw.com

              About Pratt Well Service, Inc.

Pratt Well Service, Inc., filed a Chapter 11 bankruptcy petition
(Bankr. D. Kan. Case No. 16-11224) on June 30, 2016. The petition
was signed by Kenneth C. Gates, president. The case is assigned to
Judge Robert E. Nugent. The Debtor is represented by J. Michael
Morris, Esq., at Klenda Austerman LLC. The Debtor disclosed $7.47
million in assets and $4.94 million in liabilities.


PRO CONSTRUCTION: Plan Filing Deadline Extended Until May 17
------------------------------------------------------------
Judge John K. Sherwood of the U.S. Bankruptcy Court for the
District of New Jersey extended Pro Construction Trades, Inc.'s
exclusive period to file a plan of reorganization to May 17, 2017
and the period for obtaining acceptances is extended until 60 days
thereafter.

The Troubled Company Reporter had earlier reported that the Debtor
sought to extend its exclusive periods, telling the Court that it
intends to fund a plan largely from the proceeds of its business
operations.  The Debtor also told the Court that it had been
operating and performing work pursuant to the terms of other
property management agreements, as well as specific construction
project management agreements, and currently, the Debtor had been
seeking additional contracts, and exploring other avenues to
reorganize its business.

The Debtor related that after contesting the motions -- seeking to
vacate the automatic stay terminate their respective facility
management agreements with the Debtor -- filed by two of its former
clients, Realogy Operations, LLC and Wyndham Worldwide Operations,
LLC, the Debtor was able to reach agreements with both Realogy and
Wyndham regarding the terms and conditions as to how the Parties'
respective property management agreements would be terminated.
Subsequently, the Court entered an Agreed Order terminating the
management agreements between the Parties, and granted Wyndham
relief from the automatic stay.

Accordingly, the Debtor told the Court that it requires a few more
months in Chapter 11 to determine if a plan of reorganization would
be feasible.  In addition, the Debtor told the Court that since the
General Bar Date does not expire for more than a month, it had not
yet begun the claims review process. Therefore, the Debtor said
that it would not be in a position to file a Chapter 11 Plan prior
to the expiration of the current February 16, 2017 exclusivity
deadline.

            About Pro Construction Trades, Inc.

Pro Construction Trades, Inc., dba Premier Facility Services,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
D.N.J. Case No. 16-30001) on October 19, 2016.  The petition was
signed by Brian Troast, president.  The case is assigned to Judge
John K. Sherwood.  At the time of the filing, the Debtor estimated
assets of less than $500,000 and liabilities of less than $1
million.

The Debtor is represented by Ilissa Churgin Hook, Esq. and Milica
A. Fatovich, Esq. at Hook & Fatovich, LLC. The Debtor tapped Ernest
P. DeMarco & Associates, LLC as accountant.


PURE FOODS: U.S. Trustee Forms 5-Member Committee
-------------------------------------------------
Samuel K. Crocker, U.S. Trustee for Region 8, on Feb. 16 appointed
five creditors to serve on the official committee of unsecured
creditors appointed in the Chapter 11 case of Pure Foods, Inc.

The committee members are:

     (1) Genpak Flexible
         Salman Mohammad, Controller
         285 Industrial Parkway South
         Aurora, ON L4G 3V8
         E-mail: smohammad@genpak.com

     (2) ADM Edible Beans
         Committee Chair
         Jonna Burgener, Credit Manager
         4666 Faires Parkway
         Decatur, IL 62526
         E-mail: jonna.burgener@adm.com

     (3) Acorn Electrical Specialists, Inc.
         Nancy Murphy, President
         P.O. Box 550
         Piney Flats, TN 37686
         E-mail: nancy@acornelectrical.com
                 blake@acornelectrical.com

     (4) Leaders Way Inc.
         Kevin Wolfe, President
         1340 Environ Way
         Chapel Hill, NC 27517
         E-mail: kevinw@leadersway.com

     (5) Comfort Systems USA (Bristol), Inc.
         Mark Lucas, President
         294 Blevins Blvd.
         P.O. Box 757
         Bristol, VA 24203
         E-mail: mlucas@comfortsystemsusa.com

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense.  They may investigate the debtor's business and financial
affairs.  Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.

                   About 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.


QUALITY FLOAT: Can Continue Using Cash Collateral Until May 19
--------------------------------------------------------------
Judge Deborah L. Thorne of the U.S. Bankruptcy Court for the
Northern District of Illinois authorized Quality Float Works, Inc.
to continue using cash collateral through May 19, 2017 on a
provisional basis.

The approved Budget provides total expenses in the amount of
$126,501. Among the expenses listed in the Budget were First
Midwest Bank Loans payments of $4,663, rent, utilities, insurance,
gross payroll and employee personal care.

A status hearing on the Debtor's use of cash collateral has been
scheduled on May 16, 2017 at 10:00 a.m.

A full-text copy of the Fifth Interim Order, dated February 14,
2017, is available at https://is.gd/PLH4jL


                About Quality Float Works

Quality Float Works, Inc. manufactures valves and floats used for
level liquid controls.

Quality Float Works, Inc. filed a Chapter 11 petition (Bankr. N.D.
Ill. Case No. 16-25753) on Aug. 11, 2016.  The petition was signed
by Jason Speer, president.  Judge Deborah L. Thorne presides over
the case. At the time of filing, the Debtor disclosed total assets
at $481,533 and total liabilities at $1.32 million.

The Debtor is represented by Robert R. Benjamin, Esq. at Golan &
Christie LLP. The Debtor employs Jim Donenberg and Warady & Davis
LLP as accountants.


QUINN'S JUNCTION: Needs Until May 18 to Obtain Plan Acceptances
---------------------------------------------------------------
Quinn's Junction Properties, LC, asks the U.S. Bankruptcy Court for
the District of Utah to extend the exclusive period during which
the Debtor may solicit acceptances of its chapter 11 plan of
reorganization through and including May 18, 2017.

The Debtor filed its Plan of Reorganization on September 16, 2016.
Originally, the Solicitation Period was set to expire on November
19, 2016.  The Court extended the Solicitation period through
February 17, 2017.

The Debtor contends that the requested extension of the
Solicitation Period is warranted because, among other things:

      (a) A key component of the Debtor's Plan is the resolution of
certain substantial issues with Quinn's Capital Partners, LLC,
which remain unresolved;

      (b) The Debtor has attempted to make significant progress in
negotiating a potentially consensual plan of reorganization with
Quinn's Capital, and in particular at an early stage in this case
the Debtor and Quinn's Capital participated in a mediation
conducted by Judge Kevin R. Anderson;

      (c) More recently, the Debtor and Quinn's Capital have
engaged in two additional days of mediation conducted by the
Honorable William B. Bohling, on January 31, 2017;

      (d) Although the Debtor and Quinn's Capital have not reached
a settlement, in the Debtor's estimation substantial progress has
been made and settlement remains a possibility given the progress
that has been made to date;

      (e) The Debtor's case is relatively large and complex, in
particular given the complex state court litigation pending between
the Debtor and Quinn's Capital;

      (f) The Debtor has made significant progress in resolving
issues facing its estate, as the Court is aware through the
hearings conducted in the Debtor's case and the pleadings on file;
and

      (g) Confirmation of such a plan will allow the Debtor to
preserve its value as an ongoing concern, which can only benefit
the Debtor's creditors.

Accordingly, the Debtor submits that the extension requested will
facilitate the Debtor's efforts to maximize the value of its estate
by providing the Debtor with a full and fair opportunity to
finalize acceptance of the Plan with key creditors and will
increase the likelihood of a greater distribution to creditors.

            About Quinn's Junction Properties, LC

Quinn's Junction Properties, LC, filed a chapter 11 petition
(Bankr. D. Utah Case No. 16-24458) on May 23, 2016.  The petition
was signed by Michael Martin, chief restructuring officer.  The
case is assigned to Judge Joel T. Marker.  At the time of filing,
the Debtor estimated both assets and liabilities in the range of
$10 million to $50 million.

George B. Hofmann, Esq., at Cohne Kinghorn PC, serves as the
Debtor's general bankruptcy counsel.  Stanley J. Preston, Esq., at
Preston & Scott, LLC, serves as the Debtor's special litigation
counsel.

The Debtor is managing its assets and properties as
debtor-in-possession.  No trustee or examiner has been appointed,
and no official committee of creditors or equity interest holders
has yet been established.


RAINER SOEHLEIN: Weston Buying Los Angeles Property for $2 Million
------------------------------------------------------------------
Rainer Ernst Soehlein asks the U.S. Bankruptcy Court for the
Central District of California to authorize the sale of real
property commonly known as 507 West Rustic Road, Los Angeles,
California, to Susan Weston for $2,050,000, subject to overbid.

The Debtor is the owner of record of the property.

The liens against the property are:

          a. First Deed of Trust - The Residential Mortgage
Capital: Principal amount is $1,000,000, recorded Nov. 13, 6006.
The present indebtedness is $999,688.

          b. Second Deed of Trust - John Levin: Lien recorded March
3, 2016.  The principal amount is $175,000, 2-month term, no
interest rate stated, 2 monthly payments of $35,000 and then the
principal balance will then be due plus any unpaid interest and
charges.  Levin's Notice of Sale dated Jan. 3, 2017, states debt
amount is $560,647.

          c. Real property taxes for 2016-2017: $10,000

In addition to the 3 claims against the residence, the Debtor has
other prepetition claims.  They are unsecured claims which likely
total less than $292,674.  The Debtor is working with bankruptcy
counsel in preparing his bankruptcy schedules and this estimated
amount may change.

Prepetition, the Debtor employed John Aaroe Group ("broker") as his
broker - now Sally Foster Jones Group and Coldwell Banker.  The
broker advertised the property on the MLS and other Internet sites
to publicize the property to realtors and to the general public.
The broker procured a purchaser and a back up purchaser.  Through
marketing and the two offers, the market has indicated its opinion
of value of the residence at $2,000,000 more or less.

The two offers are: (i) The Buyer: $2,050,000 and all contingencies
have been waived; and (ii) Marc Savas: $1,900,000 - the back-up
offer.  If sold, the proceeds should amount to $315,665.  The cost
of sale is estimated at 8% of $2,050,000 or $164,000.

A copy of the purchase agreements attached to the Motion is
available for free at:

         http://bankrupt.com/misc/Rainer_Soehnlein_22_Sales.pdf

The Debtor asks authority to sell the residence to the Buyer or, in
the event the sale does not close within 15 days of the date of
entry of an order approving the Motion, the residence will be sold
to the back-up offeror, Savas.  If other interested persons seek to
participate and to overbid, then the Debtor asks to sell the
residence to the qualified over-bidder willing to pay highest price
for the residence.

The Debtor has an obligation to maximize the return to the estate
and so the Motion contains bidding procedures.  Given the pending
foreclosure, the Debtor is requiring any over-bidders to be able to
close the sale within 15 days of the Court's entered order
approving the sale.  The qualification requirements may be exacting
but they are intended to weed out persons unable to quickly
perform.  Qualified bidders must have unrestricted funds plus must
bring funds in order to overbid.

The salient terms of the Bidding Procedures are:

          a. Opening Bid: At least $2,000,000

          b. Deposit: 5% of any bidder's initial overbid.

          c. Initial Overbid: $150,000 higher than the present
offer.

          d. Bid Increments: $50,000

          e. Both the Buyer and Savas are pre-qualified in the
amounts of their present offers.  To overbid they will need to be
qualified as over-bidders.

The Debtor asks that from sales proceeds, the Debtor be authorized
to pay these:

          a. All costs of sale including the broker's commission;

          b. Any and all taxes, fees and penalties as may be
charged by the City of Los Angeles, the County of Los Angeles and
the State of California in connection with the residence and the
sale.  The Debtor does not presently know if any such taxes, fees
and penalties (other than the County's real property taxes) may
need to be paid but makes the request as a precaution;

          c. The holder of the first position deed of trust in full
in an amount estimated to be $999,688;

          d. The principal amount of $171,635 to Levin, holder of
the 2nd deed of trust with the balance of his claim, approximately
$389,000, to be deposited in the client trust account of Debtor's
counsel; and

          e. Into Debtor's counsel client trust account all
remaining proceeds from the sale.

The Debtor will file a separate application for authority to employ
a broker.  The Debtor asks authority to pay the broker through
escrow even though the employment process may not yet have been
completed.  The broker is a national realty firm and so its ability
to disgorge the commission should not be an issue.

The Debtor will have to move from the residence.  He lacks the
funds to pay for moving and for a first and last month's security
deposit for an apartment.  He asks that from the sales proceeds he
be directly paid from escrow $10,000.  The Debtor estimates that
the likely rent in West Los Angeles will be $2,500 monthly thus the
need for $5,000 to use for the first and last month's deposit.  He
estimates that moving costs, along with deposits for utilities if
necessary, will consume much or all of the balance of the $10,000
request.

The Debtor asks the Court to approve the proposed sale of residence
to the purchaser approved by the Court free and clear of any lien,
claim, interest or encumbrance.

The Debtor also asks the Court to waive the 14-day stay period set
forth in F.R.B.P. Rule 6004(h).

Counsel for the Debtor:

          Steven R. Fox, Esq.
          LAW OFFICES OF STEVEN R. FOX
          17835 Ventura Blvd., Suite 306
          Encino, CA 91316
          Telephone: (818)774-3545
          Facsimile: (818)774-3707

Rainer Ernst Soehnlein sought Chapter 11 protection (Bankr. C.D.
Cal. Case No. 17-11001) on Jan. 27, 2017.  The case was filed Pro
Se.


RECOM INC: Hires David Lloyd as Counsel
---------------------------------------
Recom, Inc., seeks authority from the U.S. Bankruptcy Court for the
Northern District of Illinois to employ David P. Lloyd, Ltd., as
counsel to the Debtor.

Recom, Inc. requires Lloyd to:

   a. prepare and file the bankruptcy petition and schedules;

   b. attend at the meeting of creditors;

   c. prepare a plan and disclosure statement and attend at one
      or more confirmation hearings;

   d. advise the Debtor on the status of the case and its rights
      and responsibilities;

   e. negotiate with any secured creditor and its agents
      regarding cash collateral orders and ultimately a plan to
      pay the secured claim of the creditors;

   f. review and prepare documents necessary to consummation of
      any agreement; and

   g. negotiate with other creditors as directed.

Lloyd will be paid at the hourly rate of $400.

Lloyd will be paid a retainer in the amount of 11,717, including
filing fee.

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

David P. Lloyd, member of David P. Lloyd, Ltd., 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.

Lloyd can be reached at:

     David P. Lloyd, Esq.
     DAVID P. LLOYD, LTD.
     615B S. LaGrange Rd.
     LaGrange, IL 60525
     Tel: (708) 937-1264
     Fax: (708) 937-1265

              About Recom, Inc.

Recom, Inc., based in Bolingbrook, IL, filed a Chapter 11 petition
(Bankr. N.D. Ill. Case No. 17-03733) on February 9, 2017. The Hon.
Donald R Cassling presides over the case. David P. Lloyd, Esq., at
David P. Lloyd, Ltd., as bankruptcy counsel.

In its petition, the Debtor estimated $116,716 in assets and $1.02
million in liabilities. The petition was signed by Earl Miller,
CEO.



RENAISSANCE CHARTER: Fitch Affirms BB+ Rating on $64.8MM Bonds
--------------------------------------------------------------
Fitch Ratings has affirmed the 'BB+' rating on approximately $64.8
million of Florida Development Finance Corporation revenue bonds,
series 2010 A & B issued on behalf of Renaissance Charter School,
Inc.

The Rating Outlook is Stable.

SECURITY

The bonds are jointly secured by lease payments made from the
unrestricted revenues of six Florida charter schools (the financed
schools); a cash-funded debt service reserve fund; a partial debt
service guarantee from Charter Schools USA (CSUSA) for one school
(Duval Charter Scholars Academy, or DCSA); and mortgage liens
(first liens on four of the financed facilities and a leasehold
interest in a fifth).

Bondholders benefit from structural aspects of the transaction,
including subordination of operating expenses along with CSUSA's
cost reimbursement and fees; and unrestricted revenues of the
financed schools flowing monthly from RCS to the trustee, with
initial allocations to debt service. Annual bond covenants include
liquidity tests and a 1.1x debt service coverage covenant (adjusted
for subordinated cost reimbursement and fees).

KEY RATING DRIVERS

SUSTAINED COVERAGE: In fiscal 2016, the bond schools covered
Fitch-calculated transaction maximum annual debt service (TMADS) by
about 1.6x, an improvement over fiscal 2015 due primarily to
increased per-pupil state funding and a 1.8% increase in
enrollment.

SPECULATIVE CHARACTERISTICS: The series 2010 pooled transaction
continues to have speculative-grade characteristics, largely due to
the limited operating histories of some of the financed schools,
weak balance sheet liquidity, and a high debt burden.

STABLE OPERATIONS AND ENROLLMENT: Enrollment at five of the six
financed schools either remained steady or increased modestly in
fall 2016. One school remained well below original projections and
was at about 71% capacity. Consolidated operations for the group
benefitted from a 2.8% increase in state per pupil education
funding in fiscal 2016.

EXPERIENCED MANAGEMENT: The financed schools benefit from the
management oversight and successful track record of CSUSA, which
serves as their education management organization (EMO). CSUSA's
various EMO contracts are not coterminous with final bond maturity
(2041). Fitch notes that the bond schools have virtually no
management capability absent a contracted manager.

RATING SENSITIVITIES

STANDARD SECTOR CONCERNS: A limited financial cushion, substantial
reliance on enrollment-driven per-pupil funding, and charter
renewal risk are credit concerns common in all charter school
transactions which, if pressured, could negatively impact
Renaissance Charter School, Inc.'s rating.

CREDIT PROFILE

The financed schools are Renaissance Elementary Charter School
(RECS, charter through 2019); Renaissance Charter School of St.
Lucie (RCSL, charter through 2019); Duval Charter Scholars Academy
(DCSA, charter through 2018); North Broward Academy of Excellence
(NBAE, charter through 2026); North Broward Academy of Excellence
Middle School (NBAEMS, charter through 2030); and, the Keys Gate
Dorm Facility with students from Keys Gate K-8 Charter School
(charter through 2027).

All schools are within counties along the east coast of Florida.
Both of the North Broward schools are located on the same campus.
All of the financed schools have had at least one charter renewal.
Fitch was in contact with all authorizers associated with this
credit, and each indicated that their respective charter schools,
at this time, were in good standing.

Florida Governor Rick Scott in April 2016 signed HB7029 into law
that allows the state's public school students to attend (beginning
in Aug. 2017) any public school in the state that has space
available. The law also provides provisions for charter schools,
including automatic termination of a school's charter if it
receives two consecutive 'F' grades; automatic enrollment
preference for students attending a failing school; and, weighted
capital funding for charters that have both/either: (1) at least
75% of students eligible for free and reduced price lunch; and/or
(2) at least 25% of students are students with disabilities.
Management indicated that the aforementioned law will be relatively
neutral for the financed schools.

STABLE OPERATIONS

More recently, the financed schools' February 2017 enrollment count
stood at 4,421 students, representing a 1.1% increase over June
2016 enrollment levels. Management stabilized the financed schools'
expenses during fiscal 2016 and consolidated operations were
stronger than fiscal 2015. As in fiscal 2013-2015, DCSA remains
well short of its original enrollment target, and at June 30, 2016,
the facility had a utilization rate of about 71%. The other
financed schools, however, are at or close to their
capacity/utilization levels.

Consolidated operating margin for the financed schools is typically
breakeven or modestly positive. The margin for fiscal 2016 was
approximately 4.6% at $1.6 million. When adjusted for all of
CSUSA's subordinated cost reimbursement and fees of about $2.5
million, the adjusted margin increased to 10.9%. For fiscal 2016,
CSUSA reported a 2.8% increase in per pupil aid and a 1.3% increase
for fiscal 2017.

ADEQUATE DEBT SERVICE COVERAGE

The two newest financed schools (RCSL and DCSA) have completed
their ramp-up stage and are close to full enrollment. RCSL was
established in 2010 with an initial charter through June 2014,
which has since been renewed through 2019. DCSA was established in
2010 with an initial charter through June 2015, which has since
been renewed through 2018.

Fitch calculates consolidated net income available for debt service
equal to about 1.6x of TMADS ($5.06 million). In previous reviews,
Fitch excluded DCSA due to its limited operating history and lack
of any charter renewal, per Fitch criteria. Fiscal 2016 was the
seventh consecutive year when consolidated net available income of
all financed schools met or exceeded 1x TMADS.

LIMITED FINANCIAL CUSHION

RCS' consolidated available funds (defined as unrestricted cash and
investments) was $8.9 million as of June 30, 2016, equal to a slim
26.6% of consolidated operating expenses ($33.6 million) and 13.8%
of outstanding debt (approximately $64.8 million). These liquidity
metrics remain low, but consistent with the rating category. Fitch
expects continued modest but gradual improvement over time. CSUSA
holds liquidity principally at the school level, not with the
manager.

CONTRACT EXPIRATIONS

Charters for the bond schools expire between 2018 and 2030. RCS and
CSUSA management report that they have never had a renewal
application rejected in Florida. CSUSA's management contracts for
the financed schools expire beginning in 2018, with automatic
five-year renewals thereafter.

ACADEMIC PERFORMANCE

Academic performance is a key factor in both charter and management
contract renewals. For the 2015-16 academic year, five financed
schools maintained their academic grades, while NBAE's grade
worsened to 'C'. Management indicated that there were leadership
changes at NBAE, which management characterizes as having positive
effects to date.

Two of the schools, RECS and NBAEMS (both of which maintained 'A'
academic grades in 2015-16), are considered "high performing" by
the Florida State Department of Education. Three of the financed
schools received at least an 'A' or 'B'. Aside from NBAE, two
schools (KGCS and DCSA) maintained 'C' academic grades. CSUSA
reports that management has stabilized at DCSA, and it remains
focused on addressing marketing, enrollment and academic issues.
Fitch will continue to monitor enrollment and maintain academic
progress at the financed schools.



RENT-A-CENTER INC: S&P Lowers CCR to 'B-' on Weak Performance
-------------------------------------------------------------
S&P Global Ratings said that it lowered its corporate credit rating
on U.S.-based Rent-A-Center Inc. by three notches to 'B-' from
'BB-'.  All ratings remain on CreditWatch negative.

Concurrently, S&P lowered its issue-level ratings on the company's
term loan to 'B' from 'BB'.  The recovery rating is unchanged at
'2', indicating S&P's expectation for substantial recovery at the
lower half of the 70%-90% range in the event of a payment default.

S&P also lowered the issue-level rating on the company's unsecured
notes to 'CCC' from 'B'.  The recovery rating remains '6',
indicating S&P's expectations for negligible (0%-10%) recovery.

The downgrade reflects growing covenant breach concerns and
uncertainty around the feasibility of a reversal of the accelerated
negative same-store sales and declining margins in the company's
core segment.  In S&P's view, improved e-commerce technologies and
changing consumer behavior are resulting in more online price
research and purchasing, substantially lowering barriers to entry
for the RTO industry.  Other challenges include increasing
competition from purely online entrants with lower overhead costs
and broader product offerings, as well as from conventional
brick-and-mortar retailers who already offer some form of the RTO
transaction.

The company's recent shift to a higher mix of lower-priced
merchandise, reduction of its full-time workforce, and troubled
implementation of internally-developed point-of-sale technology
resulted in lower revenue streams per store, decreased customer
satisfaction, higher delinquencies, and increased write-offs in
2016.  Continued expansion of the lower-margin Acceptance Now
segment has further pressured margins and brought volatility to
cash flows as contracts with third-party retailers are short-term
in nature and subject to ongoing terms negotiations.  

S&P estimates RCII has consistently lost market share to Aaron's
and other competitors as evidenced by the accelerating nature of
declining same-store sales over the past three years.  As a result,
gross and EBITDA margins declined by 360 basis points (bps) and 590
bps since 2013 to current 12% and 11.2%, respectively, in that
period.  While actively looking for a new CEO and CFO, current
management is initiating a reversal of its merchandising and
cost-cutting initiatives by shifting its full-time employee base
back to its stores while reducing the full-time employee base at
its headquarters.  The company is also shifting its merchandising
strategy back to high-end products across all categories over the
next year.  Based on S&P's expectation that the turn-around
initiatives could take longer to materialize, it revised its
assessment of management and governance to weak.

S&P's base-case scenario for 2017 reflects these assumptions:

   -- Due to the highly discretionary nature of the items RCII
      offers, S&P projects continued overall negative revenues
      decline in the mid-single-digit percentage area,
      meaningfully below S&P's forecast U.S. economic growth of
      2.4% in 2017.  S&P expects the company's target subprime
      consumer to have continued opportunities to purchase new and

      lightly-used consumer electronics and furniture at
      affordable prices, have continued access to low-priced
      credit, and increasingly shift preference to online research

      and purchases.  This will contribute to negative low- to
      mid-single-digit percentage same-store sales and revenue
      decline for the next two years.

   -- Store closings of less than 1% as the company substantially
      completed a store rationalization initiative in the last
      three years by closing more than 15% of its store base.

   -- Persistent EBITDA margin contraction to the low-10% area in
      2017 from 11% in 2016, as the company sells through its
      remaining lower-quality merchandise while shifting its
      product offerings to more high-end items.

   -- Annual capital spending of about $60 million over the next
      two years for store maintenance and e-commerce expansion.

S&P expects RCII's credit metrics to weaken over the next two years
and forecast leverage rising to mid- to high-5x by the end of 2018
from 4.8x in 2016.  S&P expects the company to generate about $23
million of free cash flows in 2017 and $12 million in 2018 as the
business contracts, well below recent levels.  As a result of these
rapidly eroding credit metrics, S&P is revising its assessment of
the company's financial risk profile to highly leveraged.  As RCII
does not plan further meaningful reduction of its store base, S&P
applied analytical adjustments to operating lease schedule to bring
it more in line with comparable retailers in our portfolio.
Operating leases now represent about half of total adjusted debt.
Overall, S&P remains cautious on the company's future financial
policies given the sudden resignation of CFO Guy Constant at the
end of 2016 and potential exploration of strategic alternatives for
the business arising from shareholder activism.

S&P is revising its view of RCII's liquidity to less than adequate
from adequate based on the company's current 0% EBITDA cushion
under its most restrictive minimum fixed-charge coverage covenant.
Further, S&P remains cautious on the company's total leverage
covenant, which stepped down to 4x in the fourth quarter of 2016.
S&P believes that RCII is now dependent on a bank debt amendment to
maintain sufficient liquidity.  S&P do not include availability
under the revolving credit facility in its liquidity assessment
because the company may not have access to it due to tight covenant
levels.

Principal Liquidity Sources

   -- S&P projects operating cash flows of around $85 million in
      the next 12 months; and

   -- Cash on the balance sheet of $95 million as of Dec. 31,
      2016.

Principal Liquidity Uses

   -- Capital expenditures of $60 million and dividends of about
      $17 million 2017; and

   -- Debt maturities amortization and cash flow sweep payments of

      $77 million in the next 12 months.

Covenants

RCII ended the fourth quarter of 2016 with a 0% EBITDA cushion
under its most restrictive minimum fixed charge coverage ratio
covenant of 1.5x.  In the third quarter of 2016, the company
received an amendment to lower this covenant to 1.5x from 1.75x.
Without the amendment, RCII would have breached the covenant.

S&P believes the management is in active communication with its
bank group to reset the covenants given it would breach both its
fixed charge and total leverage covenants in the next two quarters
without such relief.  

CreditWatch

S&P's ratings on RCII remain on CreditWatch negative as S&P
believes RCII is dependent upon successful bank loan amendment and
covenant relief in the next three to six months.  S&P also believes
the retail and RTO industry will remain pressured and those
challenges will likely prove to more than offset the recent cost
control and turn-around initiatives management has rolled out.  S&P
expects to resolve the CreditWatch placement within the next few
months following its assessment of operating prospects, the
company's ability to resolve potential covenant compliance issues,
and management transition plans.

   -- S&P lowered its issue-level ratings on the company's
      $192 million term loan credit facility to 'B' from 'BB' in
      conjunction with S&P's downgrade of the company.  The '2'
      recovery rating is unchanged.   S&P also lowered its issue-
      level ratings on the company's combined $543 million of
      senior unsecured notes to 'CCC' from 'B'.  The '6' recovery
      rating is unchanged.  S&P simulates a default in 2019 as a
      result of deficient cash flow to pay interest and required
      amortization due to deteriorating operating results.

   -- S&P's recovery analysis assumes that, in a hypothetical
      bankruptcy scenario, the term loan lenders would benefit
      from the value S&P attributes to the firm in its emergence
      scenario in conjunction with a first-lien collateral pledge
      that includes substantially all assets of the borrower and
      subsidiary guarantors.

   -- Once priority claims are satisfied, S&P estimates negligible

      recovery prospects for the unsecured notes.

   -- It is S&P's belief that, for the company to default, EBITDA
      would need to decline significantly from recent results,
      representing a steep decline in revenue and operating
      earnings that arise from continued market share loss and
      cyclical downturn of the RTO industry, and adverse
      regulatory environment in conjunction with management's
      inability to execute on growth strategies.

   -- That said, S&P thinks the company would likely remain a
      viable going concern and will likely emerge from a
      bankruptcy.  S&P has considered the company's brand
      recognition and national footprint and have accordingly
      valued the company as a going concern using a 5x multiple
      applied to S&P's projected emergence level EBITDA.  S&P
      assumed 60% funding on the revolver at the time of default
      because of the senior secured net leverage covenant of 2.5x
      that limits company's access to the full availability of the

      revolving credit facility.

Simulated default assumptions

   -- Simulated year of default: 2019
   -- Emergence EBITDA: $88 million
   -- Multiple: 5x
   -- Gross recovery value: $442 million

Simplified waterfall

   -- Net recovery value after admin expenses (5%): $420 million
   -- Obligor/nonobligor valuation split: 100/0
   -- Estimated senior secured credit facility and priority
      claims: $581 million
      -- Recovery range: 70%-90% (lower end), up one notch from
      CCR
   -- Estimated unsecured debt claims: $558.3 million
      -- Recovery range: 0%-10%, down two notches from CCR

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

Ratings List

Downgraded
                            To                From
Rent-A-Center Inc.
Corporate Credit Rating    B-/Watch Neg/--   BB-/Watch Neg/--
Senior Secured             B/Watch Neg       BB/Watch Neg
  Recovery Rating           2L                2L
Senior Unsecured           CCC/Watch Neg     B/Watch Neg
  Recovery Rating           6                 6


RESOLUTE ENERGY: Approves Long-Term Incentive, Promotes EVP
-----------------------------------------------------------
On February 7, 2017, the Board of Directors of Resolute Energy
Corporation and its Compensation Committee approved long-term
incentive awards under the Company's 2009 Performance Incentive
Plan to the Company's employees including the Company's Named
Executive Officers (the "NEOs").

The awards to the NEOs consist of grants of restricted stock,
one-half of which vest by the passage of time and one-half of which
vest only upon achievement of specified thresholds of cumulative
total shareholder return as compared to a specified peer group (the
"Performance Vested Shares"). The awards also consist of the right
to earn additional shares of common stock upon achievement of a
higher TSR Percentile ("Outperformance Shares").

The 2017 equity awards to the Named Executive Officers were:
                                                                
Outperformance  
                                               Restricted Stock  
Share Rights                                                       
                     
     Nicholas J. Sutton, Executive Chairman        18,358          
  9,179
     Richard F. Betz, CEO                          50,879          
25,439
     James M. Piccone, President                   43,535          
21,767
     Theodore Gazulis, EVP and CFO                 34,422          
17,211
     Michael N. Stefanoudakis, EVP,                32,127          
16,063
          General Counsel and Secretary

On February 7, 2017, the Board also approved the promotion of
Michael N. Stefanoudakis from the position of Senior Vice
President, General Counsel and Secretary to the position of
Executive Vice President, General Counsel and Secretary.

Finally, on February 7, 2017, the Board approved amended employment
agreements for each of Messrs. Piccone, Gazulis and Stefanoudakis,
which agreements are effective January 1, 2017. The employment
agreements provide for the payment of annual base salaries,
effective January 1, 2017, initially in the amounts of $415,000,
$350,000 and $350,000, respectively, and annual short-term
incentive payments upon the achievement of certain targets. The
agreements also provide for the issuance of annual grants of equity
or equity related awards.

A full-text copy of the regulatory filing is available for free at:
https://is.gd/T9WbaF.

                   About Resolute Energy Corporation

Resolute Energy Corp. -- http://www.resoluteenergy.com/-- is an
independent oil and gas company focused on the acquisition,
exploration, exploitation and development of oil and gas
properties, with a particular emphasis on liquids focused,
long-lived onshore U.S. opportunities.  Resolute's properties are
located in the Paradox Basin in Utah and the Permian Basin in Texas
and New Mexico.

Resolute reported a net loss of $742 million in 2015, a net loss of
$21.9 million in 2014, and a net loss of $114 million in 2013.

As of Sept. 30, 2016, Resolute Energy had $294.9 million in total
assets, $634.0 million in total liabilities, and a total
stockholders' deficit of $339.1 million.

                          *    *    *

As reported by the TCR on Sept. 26, 2016, Moody's Investors
Service, upgraded Resolute Energy's Corporate Family Rating (CFR)
to 'Caa2' from 'Caa3', the Probability of Default Rating to Caa2-PD
from Caa3-PD and its senior unsecured notes rating to 'Caa3' from
'Ca'.  The Speculative Grade Liquidity rating was affirmed at
SGL-3.  The rating outlook was changed to positive from stable.

"The upgrade to Caa2 reflects Resolute's improved production and
drilling economics, which provide good visibility to continued
growth in a mid $40s oil price environment without increasing debt.
While leverage remains high, we expect moderation in the company's
reserve- and production-based debt metrics from significant
production growth at very competitive drillbit costs," noted John
Thieroff, Moody's VP-senior analyst.


RIH ACQUISITIONS: NJ Super. Ct. Junks License Fee Refund Appeal
---------------------------------------------------------------
In an opinion dated Feb. 2, 2017, which is available at
https://is.gd/Kx8Idh from Leagle.com, the Superior Court of New
Jersey, Appellate Division, found that appellant RIH Acquisitions
NJ, LLC's arguments in its motion for refund lack sufficient merit
for discussion.

RANJ sought a refund in the amount of $374,267.72, contending it
was entitled to a pro rata refund for the remaining portion of the
fiscal year from Jan. 14, 2014, through June 30, 2014, in which its
slot machines would no longer be in its possession or use.  The
refund claim was referred from the Division of Taxation to the
Division of Gaming Enforcement.

The DGE denied the appellant's request, stating in an April 1, 2015
letter of decision that N.J.S.A. 5:12-140(b) only provides for pro
rata adjustments of the annual fee when slot machines are added to,
not removed from, service by a casino during a fiscal year.
Moreover, the DGE noted that a casino regulation, N.J.A.C.
13:69A-9.19(b), expressly states that amounts paid by casino
licensees to the State "shall not be refundable[,]" except for
certain specified charges that are distinct from slot machine
license fees.

RANJ appealed, contending that subsection (b) of N.J.S.A. 5:12-140
-- a provision that authorizes the State to collect from casinos an
annual $500 license fee for every slot machine "maintained for use
or in use in any licensed casino establishment in this State" --
should be read reciprocally, so as to allow not only pro rata
increases in the annual fees when a casino acquires additional slot
machines during a fiscal year, but also pro rata refunds to
licensees for annual fees they previously paid for slot machines
they cease using or maintaining.  RANJ contended it would be
fundamentally unfair for the statute to be read to only permit pro
rata increases and not pro rata refunds.  Further, RANJ argued that
the non-refundability regulation, N.J.A.C. 13:69A-9.19(b), is
contrary to the plain meaning of the statute and must be
invalidated as ultra vires.

The Court found that agency's interpretation of N.J.S.A. 5:12-140
to authorize only pro rata fee increases, and not pro rata refunds,
for slot machines used by a licensee during only part of a fiscal
year is manifestly correct.  

Two years later, the provision was amended to insert the phrase
"maintained for use" in both subsections (a) and (b), among other
changes which included an increase in the annual fee per machine
from $200 to $500.

RANJ argued that the Legislature's intent in inserting the phrase
"maintained for use" into the statute contemplated affording pro
rata refunds to casino licensees like itself when they sell or
otherwise dispose of slot machines during the course of a fiscal
year and no longer use or maintain for use the machines.  RANJ
contends that the interpretation allowing for pro rata refunds for
years of only partial use is especially justified in a situation
like this one, in which a casino ceased its activities entirely in
the midst of a fiscal period.

The Court disagreed, as the text of the subsection (b) says nothing
about refunds.  Instead, it establishes two distinct sources of a
fee calculation: (1) a baseline fee corresponding to "all slot
machines maintained for use or in use" determined "as of the first
day of July of each [fiscal] year"; and (2) a supplemental fee
calculated "on a pro rata basis thereafter during the year with
regard to all slot machines maintained for use or placed in use
after July 1." N.J.S.A. 5:12-140(b).

RANJ further argued that the State unfairly receives a windfall in
slot machine fees paid by an operator at the outset of a fiscal
year in situations when that operator goes out of business during
the midst of that year and thus no longer requires the agency's
ongoing inspections and oversight.  The Court recognized that the
DGE, as well as the Casino Control Commission, are administrative
agencies funded by gaming licensees.  The Court also recognized
that a different provision in the Act, N.J.S.A. 5:12-143(b),
establishes a State fund for operating expenses.

Although the appellant contended that it is fundamentally unfair
for the State to treat annual slot machine fees as non-refundable,
no industry member objected to the regulation when it was proposed
in September 2011 and adopted in November 2011.

Gilbert L. Brooks argued the cause for appellant RIH Acquisitions
NJ, LLC (Duane Morris LLP, attorneys; Mr. Brooks, Chris Soriano,
John Kahn, Adam Berger, and Trevor Taniguchi, on the briefs).

Mary A. Carboni, Deputy Attorney General, argued the cause for
respondent New Jersey Division of Gaming Enforcement (Christopher
S. Porrino, Attorney General, attorney; David Rebuck, Assistant
Attorney General, of counsel; Mary Jo Flaherty, Assistant Attorney
General, Charles F. Kimmel, Deputy Attorney General, Tracy E.
Richardson, Deputy Attorney General, and Ms. Carboni, on the
brief).

                    About RIH Acquisitions

RIH Acquisitions NJ LLC, doing business as the Atlantic Club
Casino Hotel in Atlantic City, New Jersey, filed a Chapter 11
petition (Bankr. D.N.J. Case No. 13-34483) on Nov. 6, 2013, in
Camden, New Jersey, to sell the property in the near term.

The Debtors are represented by Michael D. Sirota, Esq., and Warren
A. Usatine, Esq., at Cole, Schotz, Meisel, Forman & Leonard, P.A.
Paul V. Shalhoub, Esq., at Willkie Farr & Gallagher LLP, in New
York also represents the Debtor.  Duane Morris, LLP, serves as
the Debtors' special gaming regulatory counsel.

Imperial Capital, LLC, serves as financial advisor and investment
banker to the Debtors, while Mercer (US) Inc. serves as
compensation consultant.  Kurtzman Carson Consultants LLC is the
Debtors' claims and noticing agent.

Northlight Financial LLC, as DIP Lender, is represented by Harlan
W. Robins, Esq., at Dickinson Wright PLLC, in Columbus, Ohio;
Kristi A. Katsma, Esq., at Dickinson Wright PLLC, in Detroit,
Michigan; and Bruce Buechler, Esq., and Kenneth A. Rosen, Esq., at
Lowenstein Sandler LLP, in Roseland, New Jersey.

Financing for the Chapter 11 reorganization is being provided by
Northlight Financial LLC.

RIH Acquisitions NJ LLC scheduled $17,776,359 in total assets and
$16,813,022 in total liabilities.

Under the Debtors' joint plan of liquidation dated Feb. 28, 2014,
unclassified claims including Allowed Administrative Expense
Claims, Professional Compensation and Reimbursement Claims,
Priority Tax Claims and DIP Credit Agreement Claims will be paid
in full in Cash.

An official committee of unsecured creditors appointed in the case
is represented by Morton R. Branzburg, Esq., Carol Ann Slocum,
Esq., and Richard M. Beck, Esq., at Klehr Harrison Harvey
Branzburg LLP.  The Committee hired PricewaterhouseCoopers, LLC,
as financial advisor.

Chief Judge Gloria M. Burns on April 14, 2014, entered an order
(i) approving, on a final basis, the Disclosure Statement; and
(ii) confirming the Joint Plan of Liquidation of RIH Acquisitions
NJ, LLC and RIH Propco NJ, LLC dated Feb. 28, 2014.


ROBERT JOHNSON: Trustee's Sale of 2011 Ford Flex for $9.4K Approved
-------------------------------------------------------------------
Judge Geraldine Mund of the U.S. Bankruptcy Court for the Central
District of California authorized the sale by Jeffrey I. Golden,
Trustee for Robert Vilas Johnson and Linda Joyce Johnson, of
Debtors' 2011 Ford Flex, Vehicle Identification Number
2FMHK6DT6DDD26645, License Plate Number 6RCW489, to Levon
Kheshvadjian, doing business as Matrix Towing, for $9,400.

A hearing on the Motion was held on Feb. 7, 2017 at 10:00 a.m.

The sale is on an "as-is, where-is" condition, without any
warranties or representations.

The Buyer qualifies as a good faith purchaser under 11 U.S.C.
Section 363(m).

The stay provided in Federal Rule of Bankruptcy Procedure
6004(h)(3) is waived.

Robert Vilas Johnson and Linda Joyce Johnson filed for chapter 11
bankruptcy (Bankr. C.D. Cal. Case No. 11-18629) on July 18, 2011.


ROMA'S STEAK: Disclosures Okayed, Plan Hearing Set for April 20
---------------------------------------------------------------
Roma's Steak and Pizzeria Inc. is now a step closer to emerging
from Chapter 11 protection after a bankruptcy judge approved the
outline of its plan of reorganization.

Judge James Robinson of the U.S. Bankruptcy Court for the Northern
District of Alabama on Feb. 8 gave the thumbs-up to the disclosure
statement after finding that it contains "adequate information."

The order set an April 6 deadline for creditors to cast their
votes, and an April 13 deadline to file their objections.

A court hearing to consider confirmation of the plan is scheduled
for April 20, at 10:00 a.m.  The hearing will take place at the
U.S. Courthouse, Room 113, 12th and Noble Streets, Anniston,
Alabama.

The restructuring plan proposes to pay unsecured creditors $603 per
month for 10 years with interest rate of 3% per annum.

                       About Roma's Steak

Roma's Steak and Pizzeria, Inc. owns one of the oldest family
restaurants in Jacksonville, Alabama, serving good food, steaks and
pizzas.

The Debtor filed for Chapter 11 protection (Bankr. N.D. Ala. Case
No. 16-40260) on Feb. 17, 2016.  The petition was signed by
Zaharias J. Limberis, president.  The Debtor estimated assets of
less than $50,000 and debts of less than $100,000.  Harry P. Long,
who has an office in Anniston, Alabama, is the Debtor's bankruptcy
counsel.


ROOT9B HOLDINGS: Issues $245,000 Promissory Note to CEO
-------------------------------------------------------
root9B Holdings, Inc. issued an unsecured, non-convertible,
promissory note to Joseph J. Grano, Jr., chief executive officer of
the Company, in the principal amount of $245,000, bearing interest
at the rate of 4.00% per annum and which is payable on or before
Feb. 9, 2018.  The Company intends to use the proceeds from the
Note to fund working capital requirements and for general corporate
purposes, according to a Form 8-K report filed with the Securities
and Exchange Commission.

                       About Root9B

root9B Holdings (OTCQB: RTNB) is a provider of Cybersecurity and
Regulatory Risk Mitigation Services.  Through its wholly owned
subsidiaries root9B and IPSA International, the Company delivers
results that improve productivity, mitigate risk and maximize
profits.  Its clients range in size from Fortune 100 companies to
mid-sized and owner-managed businesses across a broad range of
industries including local, state and government agencies.  For
more information, visit www.root9bholdings.com

Root9B Technologies, Inc., changed its name to root9B Holdings,
Inc. effective Dec. 5, 2016, and relocated its corporate
headquarters from Charlotte, NC to the current headquarters of
root9B, its wholly owned cybersecurity subsidiary, in Colorado
Springs, CO.

Root9B reported a net loss of $8.33 million in 2015 following a net
loss of $24.43 million in 2014.

As of Sept. 30, 2016, Root9B had $31.05 million in total assets,
$13.82 million in total liabilities, and $17.22 million in total
stockholders' equity.

"The Company will need to raise additional funds in order to fund
operations.  Financing transactions, may include the issuance of
equity or debt securities, and obtaining credit facilities, or
other financing mechanisms.  However, if the trading price of our
common stock declines, or if the Company continues to incur losses,
this could make it more difficult to obtain financing through the
issuance of equity or debt securities.  Furthermore, if we issue
additional equity or debt securities, stockholders will likely
experience additional dilution or the new equity securities may
have rights, preferences or privileges senior to those of existing
holders of our common stock.  The inability to obtain additional
financing may restrict our ability to grow and may affect
operations of the Company, its ability to retain and hire critical
staff and revenue producing sub-contractors, and will raise
substantial doubt about our ability to continue as a going
concern," the Company said in its quarterly report for the period
ended Sept. 30, 2016.


ROSEWOOD OAKS: Disclosures OK'd; Plan Hearing on March 8
--------------------------------------------------------
The Hon. Tony M. Davis of the U.S. Bankruptcy Court for the Western
District of Texas has approved Rosewood Oaks, LLC's disclosure
statement dated Feb. 8, 2017, referring to the Debtor's amended
Chapter 11 combined plan of reorganization dated Feb. 8, 2017.

A hearing to consider the confirmation of the Plan will be held on
March 8, 2017, at 1:30 p.m. (CT).

Objections to the plan confirmation must be filed by March 6, 2017,
at 5:00 p.m. (CT).

As reported by the Troubled Company Reporter on Feb. 15, 2017, the
Debtor filed with the Court an amended Chapter 11 combined plan of
reorganization and disclosure statement dated Feb. 8, 2017, which
states that the holder of the claim of Avis Wallace -- totaling
$167,404.76 -- grees to reduce her amount to the extent the other
creditors receive payment in full.  The Plan will be funded by the
$584,672.44 cash on hand in the Debtor-in-Possession account on the
Effective Date of the Plan.

                       About Rosewood Oaks

Rosewood Oaks, LLC, secured in 1999 a land located at 2600 Rosewood
Avenue, Austin, Texas, and built a day care center.  Construction
was complete in August 2001 and it commenced business.  In August
2005, Rosewood Oaks opened a second location.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. W.D.
Tex. Case No. 16-11141) on Sept. 30, 2016.  The petition was signed
by Avis Wallace, manager.  The case is assigned to Judge Tony M.
Davis.  At the time of the filing, the Debtor estimated its assets
and liabilities at $1 million to $10 million.

Fred Walker, Esq., at Fred E. Walker, P.C., serves as the Debtor's
bankruptcy counsel.

The Debtor employed JBGoodwin Realtors as real estate agent and
broker.


ROSEWOOD OAKS: Janette Wallace Agrees to Reduce Claim Amount
------------------------------------------------------------
Western District of Texas a second amended Chapter 11 combined plan
of reorganization and disclosure statement dated Feb. 13, 2017.

A hearing on the confirmation of the Plan is scheduled for March 8,
2017.  Objections to the Disclosure Statement and the Plan must be
filed by March 6, 2017.

CIT Technologies' claim -- estimated at $5,000 -- is unimpaired
under the Plan.  The Debtor has assumed the executory contract and
is paying the claim amount provided by the collection agency for
CIT Technologies.

Janette Wallace's claim -- estimated at $125,580.40 -- is
unimpaired.  This claim holder, a member of the Debtor, agrees to
reduce her amount to the extent the other creditors receive payment
in full.

The Plan will be funded by the $584,672.44 cash on hand in the
Debtor-in-possession account on the Effective Date of the Plan.
The funds are to be used for the payment of Claims to be made under
the Plan.  Funds in a sufficient amount to pay the costs of the
Reorganized Debtor shall be retained until a final decree is
filed.

Additional funds may be available from the liquidation of other
assets.  Any proceeds realized will be deposited in the Debtor in
Possession account and used to make payments required.

The distribution agent will be Avis Wallace, managing member of
Rosewood Oaks, acting on behalf of the Rosewood.  The Distribution
Agent will serve until all distributions required under the Plan
have been made, whereupon the Debtor-in-Possession Account will be
closed, and a final decree filed.

The Second Amended Combined Plan and Disclosure Statement is
available at:

         http://bankrupt.com/misc/txwb16-11141-60.pdf

As reported by the Troubled Company Reporter on Feb. 15, 2017, the
Debtor filed with the Court an amended Chapter 11 combined plan of
reorganization and disclosure statement dated Feb. 8, 2017.  The
claim of Avis Wallace -- totaling $167,404.76 -- is unimpaired by
the plan.  This claim holder agrees to reduce her amount to the
extent the other creditors receive payment in full.  

                       About Rosewood Oaks

Rosewood Oaks, LLC, secured in 1999 a land located at 2600 Rosewood
Avenue, Austin, Texas, and built a day care center.  Construction
was complete in August 2001 and it commenced business.  In August
2005, Rosewood Oaks opened a second location.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. W.D.
Tex. Case No. 16-11141) on Sept. 30, 2016.  The petition was signed
by Avis Wallace, manager.  The case is assigned to Judge Tony M.
Davis.  At the time of the filing, the Debtor estimated its assets
and liabilities at $1 million to $10 million.

Fred Walker, Esq., at Fred E. Walker, P.C., serves as the Debtor's
bankruptcy counsel.

The Debtor employed JBGoodwin Realtors as real estate agent and
broker.


RXI PHARMACEUTICALS: Broadfin Capital Ceases to be 5% Shareholder
-----------------------------------------------------------------
Broadfin Capital, LLC, Broadfin Healthcare Master Fund, Ltd. and
Kevin Kotler disclosed in an amended Schedule 13G filed with the
Securities and Exchange Commission that as of Dec. 31, 2016, they
beneficially own 250,000 shares of common stock of RXi
Pharmaceuticals Corporation representing 2.78 percent of the shares
outstanding.  A full-text copy of the regulatory filing is
available for free at:

                        https://is.gd/cUyLgf

                            About RXi

RXi Pharmaceuticals Corporation, a biotechnology company, focuses
on discovering and developing therapies primarily in the areas of
dermatology and ophthalmology.  The company develops therapies
based on siRNA technology and immunotherapy agents.  Its clinical
development programs include RXI-109, a self-delivering RNAi
compound, which is in Phase IIa clinical trial that is used to
prevent or reduce dermal scarring following surgery or trauma, as
well as for the management of hypertrophic scars and keloids; and
Samcyprone, an immunomodulation agent, which is in Phase IIa
clinical trial for the treatment of various disorders, such as
alopecia areata, warts, and cutaneous metastases of melanoma.  The
company's preclinical program includes the development of products
for ocular indications with RXI-109, including retinal and corneal
scarring.  Its discovery stage development programs include a
dermatology franchise for the discovery of collagenase and
tyrosinase targets for its RNAi platform; and ophthalmology
franchise, a program for the discovery of sd-rxRNA compounds for
oncology indications, including retinoblastoma.  The company was
incorporated in 2011 and is headquartered in Marlborough, Mass.

RXi reported a net loss of $10.22 million in 2015 following a net
loss of $8.80 million in 2014.  As of Sept. 30, 2016, RXi
Pharmaceuticals had $4.90 million in total assets, $1.86 million in
total liabilities and $3.03 million in total stockholders' equity.

"The Company has limited cash resources, has reported recurring
losses from operations since inception and has not yet received
revenues from sales of products.  These factors raise substantial
doubt regarding the Company's ability to continue as a going
concern, and the Company's current cash resources may not provide
sufficient capital to fund operations for at least the next twelve
months.  Historically, the Company's primary source of financing
has been through the sale of its securities.  The continuation of
the Company as a going concern depends upon the Company's ability
to raise additional capital through an equity offering, debt
offering or strategic opportunity to fund its operations.  There
can be no assurance that the Company will be successful in
accomplishing these plans in order to continue as a going concern,"
the Company stated in its quarterly report for the period ended
Sept. 30, 2016.


SABINE OIL: Court Junks Creditors' Bid To Appeal Plan Confirmation
------------------------------------------------------------------
The Hon. Loretta A. Preska of the U.S. District Court for the
Southern District of New York denied on Feb. 13 an attempt by
Sabine Oil & Gas Corp.'s unsecured creditors to appeal the
confirmation order of the reorganization plan.

These unsecured creditors include: the Official Committee of
Unsecured Creditors, the Bank of New York Melon Trust Company as
the trustee under the 2017 Notes Indenture, the Wilmington Savings
Fund Society, FSB, as Indenture Trustee for the Forest Oil 7.25%
Unsecured Notes due 2019, and Delaware Trust Company as the
Indenture Trustees for the Forest Oil 7% Unsecured Notes due 2020.

The Court found that the appeal to the confirmation order is
equitably moot and has granted the Debtor's motion to dismiss the
appeal.  The plan has been substantially consummated and unraveling
the settlement would both frustrate the Debtor's emergence from
bankruptcy and require unwinding complex transactions in an
infeasible manner.

A copy of the order is available at:

      http://bankrupt.com/misc/SABINEOIL_planorder_1604.pdf

The Bankruptcy Court rejected the Committee's objections to the
settlement and releases in the Plan, finding that they were
"integral and necessary part of the Plan and represent a valid
exercise of the Debtors' business judgment" and that they are "in
the best interests of the estates."  

               About Sabine Oil & Gas Corporation

Sabine Oil & Gas Corp. is an independent energy company engaged in
the acquisition, production, exploration, and development of
onshore oil and natural gas properties in the U.S.  The Company's
current operations are principally located in the Cotton Valley
Sand and Haynesville Shale in East Texas, the Eagle Ford Shale in
South Texas, the Granite Wash in the Texas Panhandle, and the
North Louisiana Haynesville.  The Company operates, or has joint
working interests in, approximately 2,100 oil and gas production
sites (approximately 1,800 operating and approximately 315
non-operating) and has approximately 165 full-time employees.

Sabine Oil and its affiliated entities sought Chapter 11
Protection (Bankr. S.D.N.Y. Lead Case No. 15-11835) in Manhattan on
July 15, 2015.

The Debtors have engaged Kirkland & Ellis LLP and Kirkland & Ellis
International LLP, as counsel; Lazard Freres & Co. LLC, as
investment banker and Prime Clerk LLC as notice, claims and
balloting agent.  The Debtors also tapped Zolfo Cooper Management,
LLC, to provide Jonathan A. Mitchell as CRO and other additional
personnel.

The U.S. Trustee for Region 2 appointed five creditors to serve on
the official committee of unsecured creditors.  The Committee is
represented by Mark R. Somerstein, Esq., Keith H. Wofford, Esq.,
and D. Ross Martin, Esq., at Ropes & Gray LLP as their counsel.
The Committee has also engaged Blackstone Advisory Partners L.P.
as investment banker; and Berkeley Research Group, LLC as financial
advisor.

Judge Shelley C. Chapman of the United States Bankruptcy Court for
the Southern District of New York on August 2016 confirmed the
Second Amended Joint Chapter 11 Plan of Reorganization of Sabine
Oil & Gas Corporation and its debtor affiliates, and approved the
settlement contained in the Plan.


SCIENTIFIC GAMES: Sylebra HK Holds 9.8% of Class A Shares
---------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Sylebra HK Company Limited, Sylebra Capital Management,
Jeffrey Richard Fieler and Daniel Patrick Gibson disclosed that as
of Dec. 31, 2016, they beneficially own
8,619,044 shares of Class A Stock of Scientific Games Corporation
representing 9.84 percent of the shares outstanding.  

All Shares reported in the Schedule 13G are held by advisory
clients of Sylebra HK.  Sylebra Capital Partners Master Fund, Ltd
is known to have the right to receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of,
7,345,937 of the Shares, or 8.39% of shares outstanding, covered by
this Statement that many be deemed to be beneficially owned by the
Reporting Persons.  No other advisory clients individually hold
economic interest of more than 5% of outstanding shares.

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

                     https://is.gd/7GVWz2

                    About Scientific Games

Scientific Games Corporation is a developer of technology-based
products and services and associated content for worldwide gaming
and lottery markets.  The Company's portfolio includes instant and
draw-based lottery games; electronic gaming machines and game
content; server-based lottery and gaming systems; sports betting
technology; loyalty and rewards programs; and social, mobile and
interactive content and services.  Visit
http://www.scientificgames.com/                   

As of Sept. 30, 2016, Scientific Games had $7.37 billion in total
assets, $9.12 billion in total liabilities and a total
stockholders' deficit of $1.75 billion.

Scientific Games reported a net loss of $1.39 billion on $2.75
billion of total revenue for the year ended Dec. 31, 2015,
compared to a net loss of $234.3 million on $1.78 billion of total
revenue for the year ended Dec. 31, 2014.

                          *   *    *

In November 2014, Moody's Investors Service downgraded Scientific
Games Corporation's Corporate Family Rating to 'B2' from 'B1'
following the announcement that the company had completed its
merger with Bally Technologies, Inc.

As reported by the TCR on Aug. 9, 2016, S&P Global Ratings lowered
its corporate credit rating on Scientific Games to 'B' from 'B+'.
The outlook is stable.  "The downgrade of Scientific Games reflects
our forecast for lower EBITDA growth and weaker credit measures
than we previously expected," said S&P Global Ratings credit
analyst Ariel Silverberg.


SEFCAK LLP: Discloses Hourly Rates for Swiftcurrent Consulting
--------------------------------------------------------------
SEFCAK, LLP has filed a revised employment application with the
U.S. Bankruptcy Court for the District of Montana to disclose
additional information about the fees to be paid to its accountant
Swiftcurrent Consulting & Accounting, P.C.  

In the court filing, the Debtor disclosed these hourly rates:

                  Accounting  Tax Preparation  Bookkeeping
                  ----------  ---------------  -----------  
Andrew Freeman       $110           $125           $75
Brien Kreps          $110           $160
Nancy Taylor                                       $50

Mr. Freeman will also be paid an hourly fee of $60 for
administrative tasks.  Moreover, Swiftcurrent will charge a flat
fee of $2,790 for the preparation of the 2015 annual tax returns,
according to the filing.

                         About SEFCAK LLP

SEFCAK, LLP filed a Chapter 11 bankruptcy petition (Bankr. D.
Mont. Case No. 16-60845) on August 23, 2016, disclosing under $1
million in both assets and liabilities. The Debtor is represented
by James A Patten, Esq., at Patten Peterman Bekkedahl.

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


SIDNEY TRANSPORTATION: Unsecureds to Recoup 2.6% Under Plan
-----------------------------------------------------------
Sidney Transportation Services LLC, et al., filed with the U.S.
Bankruptcy Court for the Northern District of Ohio a joint amended
disclosure statement and plan of reorganization, which proposes
that Equipment Leasing of Sidney, LLC, will be merged into the
Sidney Transportation Services, LLC, with STS thereafter operating
as the "Reorganized Debtor."

Class 5, the secured claim of Toyota Motor Credit Corporation, is
impaired under the plan.  STS is obligated under a note and
purchase money security to Toyota for the purchase of forklift used
in the Debtor's business operation.  On this obligation, the Debtor
is required to make monthly payments to Toyota of $306.00 per
month.  The Debtor has been paying its obligation to Toyota during
the pendency of the bankruptcy case and believes it is current on
its obligation to Toyota.

Class 9, general unsecured claims, is impaired under the plan. The
total value of claims filed in this Class is $4,933.936.86.  The
initial plan did not specify the total value of claims filed in
this class.  The Debtor is proposing to contribute the aggregate
sum of $26,366.60 per year, for a period of five years, for
distribution, on a pro-rata basis, to unsecured creditors in this
Class holding allowed claims. The aggregate amount of this
distribution is $131,833.00  This class is estimated to recover
2.6% of their total allowed amount.

It is the Debtor's intent to reorganize as a going concern, and use
that income generated from its business, including anticipated
future profits, to pay creditor's holding allowed claims against
the estate.

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

        http://bankrupt.com/misc/ohnb16-32270-121.pdf

            About Sidney Transportation Services

Sidney Transportation Services, LLC, sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. N. D. Ohio Case No.
16-32270) on July 18, 2016.  The petition was signed by Steven
Woodruff, owner/managing member.  The case is assigned to Judge
John P. Gustafson.  The Debtor is represented by Eric R. Neuman,
Esq., at Diller and Rice, LLC.  At the time of the filing, the
Debtor estimated its assets at $500,000 to $1 million and debt at
$1 million to $10 million.


SIGNAL GENETICS: Completes Merger With miRagen Therapeutics
-----------------------------------------------------------
Miragen Therapeutics, Inc., announced the completion of its merger
with Signal Genetics, Inc., effective Feb. 13, 2017.  Concurrent
with the closing of the merger, miRagen received gross proceeds of
$40.7 million in new equity investment from a combination of
current and new miRagen investors, including Fidelity Management
and Research Company, Brace Pharma Capital, Atlas Venture, Boulder
Ventures, JAFCO Co., Ltd., MP Healthcare Venture Management, MRL
Ventures (a venture fund of Merck, known as MSD outside the United
States and Canada), Remeditex Ventures, and others.  Together with
pre-merger cash on miRagen's balance sheet, the combined company
has approximately $60 million in cash and short-term investments.

Upon completion of the merger today, Signal was renamed Miragen
Therapeutics, Inc.  The combined company will commence trading on
The NASDAQ Capital Market under the symbol "MGEN" on Feb. 14,
2017.

"The completion of this merger marks a significant step forward for
miRagen, our investors and potentially thousands of patients
awaiting a therapeutic option for their conditions," said miRagen
president and CEO William S. Marshall, Ph.D.  "The equity
investment aligns the company's cash resources with our plan to
advance the first two clinical programs into additional trials and
to develop a compelling pipeline of targeted product candidates,
each focused on patient populations with few clinical options. We
believe these transactions will help us create a more focused and
well financed organization as we build an exciting enterprise, an
innovative culture and value for current and future stockholders."

Following the completion of the financing and merger, the combined
company has approximately 21.3 million shares of common stock
outstanding.

miRagen's stockholders, including those who invested in the
concurrent financing, received common stock, representing
approximately 95.2% of the outstanding shares.  Signal's
stockholders retained approximately 4.8% of the combined company.

The combined company will operate under the leadership of Dr.
Marshall, and the board of directors of the combined company is
comprised of seven members: Bruce Booth, John Creecy, Thomas
Hughes, Kevin Koch, Kyle Lefkoff, Joseph Turner and Dr. Marshall.

Wedbush PacGrow acted as placement agent for miRagen in the
financing.

                     Disposition of Assets

On Feb. 13, 2017, the Company completed the sale of all of its
intellectual property assets relating to its MyPRS test, a
microarray-based gene expression profile assay, pursuant to an
Intellectual Property Purchase Agreement with Quest Diagnostics
Investments LLC entered into on Nov. 29, 2016.  As part of the sale
of the MyPRS Assets, the Company assigned all of its rights,
interests and obligations under certain agreements, including a
License Agreement effective as of April 1, 2010, made by and
between the Board of Trustees of the University of Arkansas acting
for and on behalf of the University of Arkansas for Medical
Sciences, a public institution of higher education, and Myeloma
Health LLC, a Delaware limited liability company, as amended.  The
Company also provided to Quest certain information technology,
software and firmware related or required for the use of the MyPRS
test.  The Company retained its rights to its accounts receivables
as of Feb. 13, 2017.  While Quest did not assume any liabilities of
the Registrant, Quest is responsible for all liabilities arising
after Feb. 13, 2017, related to the assigned contracts, other than
liabilities arising after Feb. 13, 2017, due to a breach by the
Registrant of any assigned contracts., As consideration for the
sale of the MyPRS Assets, Quest paid to the Registrant $825,000,
plus an additional $100,000 as consideration for exercising its
right to require the Registrant to operate the Company's lab beyond
Dec. 31, 2016, and an additional $21,431.39 for reimbursement of
certain amounts paid by the Registrant to the University of Texas
M.D. Anderson Cancer Center.

               Loan Agreement with Silicon Valley

In April 2015, Private Miragen entered into a loan and security
agreement with Silicon Valley Bank to borrow up to $10 million in
two separate tranches.  On Feb. 13, 2017, the Company became party
to the loan and security agreement as a result of the closing of
the short-form merger.

The first tranche of $5.0 million was funded in May 2015 and is
scheduled to be repaid over a 48-month period with interest only
payments during the first 18 months.  The second tranche of $5.0
million is available at any time during the draw period once the
Registrant provides Silicon Valley Bank with evidence of the
Registrant's achievement of specified events, including, that the
Registrant has achieved mechanistic proof-of-concept for the
Registrant's Phase 1 clinical trial of MRG-106.  Accelerated
payments are due under specified circumstances.  Amounts
outstanding bear interest at the prime rate minus 0.25% (which was
3.50% at Dec. 31, 2016) with a final payment fee equal to 5.50% of
amounts borrowed.  Borrowings are secured by a priority security
interest, right, and title in all business assets, excluding the
Company's intellectual property, which is subject to a negative
pledge.

In December 2016, this agreement was amended to, among other items,
extend the draw period from Dec. 31, 2016, to July 31, 2017.

               Amends Certificate of Incorporation

On Feb. 13, 2017, immediately prior to the effectiveness of the
Merger, the Company filed multiple amendments to its certificate of
incorporation.  The first such amendment increased the number of
authorized shares of the Registrant's common stock from 50,000,000
shares to 100,000,000 shares.  The second such amendment eliminated
the ability of stockholders of the Registrant to act by written
consent.  Each amendment to the Company's certificate of
incorporation was approved by its stockholders at a special meeting
of its stockholders on Feb. 10, 2017.

In connection with the filing of the second amendment to the
Company's certificate of incorporation, its board of directors also
amended the Company's amended and restated bylaws to eliminate the
ability of and procedure for the stockholders of the Registrant to
act by written consent.

Finally, in connection with, and immediately following
effectiveness of the Merger, the Registrant filed a certificate of
ownership and merger with the Secretary of State of the State of
Delaware to effect the short-form merger and change the Company's
name from "Signal Genetics, Inc." to "Miragen Therapeutics, Inc.,"
which became effective on Feb. 13, 2017.

                 Changes in Certifying Accountant

On Feb. 13, 2017, the Company engaged KPMG LLP as its principal
accountants for the fiscal year ending Dec. 31, 2017, and will
dismiss BDO USA, LLP, which is currently serving as the Company's
independent registered public accounting firm, upon completion of
its audit of the Company's financial statement as of and for the
year ended Dec. 31, 2016, and the issuance of its report thereon.
The decision to change accountants was approved by the audit
committee of the Company's board of directors.

The report of BDO USA, LLP on the Company's consolidated financial
statements for the years ended Dec. 31, 2015, and 2014 did not
contain an adverse opinion or disclaimer of opinion, nor was it
qualified or modified as to uncertainty, audit scope, or accounting
principles.

During the years ended Dec. 31, 2015, and 2014, and the subsequent
interim period through Feb. 13, 2017, there were no: (1)
disagreements (as defined in Item 304(a)(1)(iv) of Regulation S-K
and the related instructions) with BDO USA, LLP on any matter of
accounting principles or practices, financial statement disclosure,
or auditing scope or procedures, which disagreement if not resolved
to the satisfaction of BDO USA, LLP would have caused BDO USA, LLP
to make reference thereto in its reports on the consolidated
financial statements for such years, or (2) reportable events (as
described in Item 304(a)(1)(v) of Regulation S-K).

On Feb. 13, 2017, the audit committee of the Company's board of
directors approved the engagement of KPMG LLP as the Company's
independent registered public accounting firm for the fiscal year
ending Dec. 31, 2017.  Prior to the completion of the Merger, KPMG
LLP served as the auditor of Private Miragen.

During the years ended Dec. 31, 2015, and 2014, and the subsequent
interim period through Feb. 13, 2017, neither the Registrant nor
anyone on its behalf consulted with KPMG LLP, regarding either (i)
the application of accounting principles to a specific transaction,
completed or proposed, or the type of audit opinion that might be
rendered on the Company's financial statements, and neither a
written report nor oral advice was provided to the Registrant that
KPMG LLP concluded was an important factor considered by the
Registrant in reaching a decision as to any accounting, auditing or
financial reporting issue or (ii) any matter that was either the
subject of a disagreement (as defined in Item 304(a)(1)(iv) of
Regulation S-K and the related instructions) or a reportable event
(as described in Item 304(a)(1)(v) of Regulation S-K).

                Changes in Control of the Company

In accordance with the Merger Agreement, on Feb. 13, 2017,
immediately prior to the effective time of the Merger, Samuel D.
Riccitelli, Bennett S. LeBow, David A. Gonyer, R. Ph., Douglas A.
Schuling and Dr. Robin L. Smith (the "Prior Directors") resigned
from the Company's board of directors and any respective committees
of the board of directors to which they belonged.  Also on Feb. 13,
2017, the Prior Directors appointed, effective as of the effective
time of the Merger, William S. Marshall, Ph.D., Bruce L. Booth,
Ph.D., John W. Creecy, Thomas E. Hughes, Ph.D., Kevin Koch, Ph.D.,
Kyle A. Lefkoff and Joseph Turner as directors of the Company whose
terms expire at the Company's next annual meeting of stockholders.


Pursuant to the Merger Agreement, on Feb. 13, 2017, immediately
prior to the effective time of the Merger, the Prior Directors
resigned from the Company's board of directors and any respective
committees of the board of directors on which they served, which
resignations were not the result of any disagreements with the
Registrant relating to the Company's operations, policies or
practices.

Also, pursuant to the Merger Agreement, on Feb. 13, 2017,
immediately prior to the effective time of the Merger, Samuel D.
Riccitelli, the Company's president and chief executive officer,
and Tamara A. Seymour, the Company's chief financial officer,
resigned as officers of the Company.

Effective as of the effective time of the Merger, the Company's
board of directors appointed William S. Marshall, Ph.D., as the
Company's president and chief executive officer, Jason A. Leverone
as the Company's chief financial officer, secretary and treasurer,
Adam S. Levy as the Company's chief business officer and Paul D.
Rubin, M.D. as the Company's executive vice president, research and
development.  There are no family relationships among any of the
Company's directors and executive officers, each effective as of
the effective time of the Merger.

Additional information is available with the Securities and
Exchange Commission at https://is.gd/DG1lFp

                   About miRagen Therapeutics

miRagen Therapeutics, Inc., formerly known as Signal Genetics,
Inc., is a clinical-stage biopharmaceutical company focused on the
discovery and development of innovative microRNA (miRNA)-targeting
therapies in disease areas of high unmet medical need.  miRagen's
lead product candidate, MRG-106, a synthetic microRNA inhibitor
(LNA antimiR) of microRNA-155, is currently being studied in a
Phase 1 clinical trial in patients suffering from cutaneous T-cell
lymphoma (CTCL) of the mycosis fungoides (MF) sub-type.  miRagen is
also conducting a Phase 1 clinical trial of MRG-201, its lead
anti-fibrosis product candidate and a synthetic microRNA mimic
(promiR) to microRNA-29b, in healthy volunteers.  miRagen seeks to
leverage in-house expertise in miRNA biology, oligonucleotide
chemistry, and drug development to evaluate and advance promising
technologies and high-potential product candidates for its own
pipeline and in conjunction with strategic collaborators.

The Company reported a net loss attributable to stockholders of
$11.32 million for the year ended Dec. 31, 2015, compared to a net
loss attributable to stockholders of $6.64 million for the year
ended Dec. 31, 2014.

As of Sept. 30, 2015, the Company had $7.54 million in total
assets, $2.85 million in total liabilities and $4.68 million in
total stockholders' equity.

"Due to current market conditions, the Company's current liquidity
position and its depressed stock price, the Company believes it may
be difficult to obtain additional equity or debt financing on
acceptable terms, if at all, thus raising substantial doubt about
the Company's ability to continue as a going concern," according to
the Company's quarterly report on Form 10-Q for the period ended
Sept. 30, 2016.


SNYDER & SCHNEIDER: Hearing on Plan Disclosures Set for March 16
----------------------------------------------------------------
The Hon. Rebecca B. Connelly of the U.S. Bankruptcy Court for the
Western District of Virginia will hold on March 16, 2017, at 2:00
p.m. a hearing to consider the approval of Snyder & Schneider
Property Development, LLC's amended disclosure statement and
Chapter 11 plan filed on Feb. 13, 2017.

March 15, 2017, is the last date for filing and serving in
accordance with Rule 3017 (a) written objections to the Disclosure
Statement.

                  About Snyder & Schneider

Snyder & Schneider Property Development, LLC, based in Mineral,
Virginia, filed a Chapter 11 petition (Bankr. W.D. Va. Case No.
16-61362) on July 6, 2016.  The Hon. Rebecca B. Connelly presides
over the case.

Edward Gonzalez, Esq., at the Law Office of Edward Gonzalez, PC,
serves as bankruptcy counsel.

In its petition, the Debtor estimated $0 to $50,000 in assets and
$10 million to $50 million in liabilities.  The petition was signed
by Jeff Snyder, manager.

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


SNYDER VIRGINIA: Hearing on Plan Outline Approval Set for March 16
------------------------------------------------------------------
The Hon. Rebecca B. Connelly of the U.S. Bankruptcy court for the
Western District of Virginia will hold on March 16, 2017, at 2:00
p.m. a hearing to consider the approval of Snyder Virginia
Properties, LLC's amended disclosure statement and Chapter 11 plan
filed on Feb. 13, 2017.

March 15, 2017, is the last date for filing and serving in
accordance with Rule 3017 (a) written objections to the Disclosure
Statement.

                     About Snyder Virginia

Snyder Virginia Properties, LLC, based in Mineral, VA, filed a
Chapter 11 petition (Bankr. W.D. Va. Case No. 16-61364) on July 7,
2016. The Hon. Rebecca B. Connelly presides over the case. Edward
Gonzalez, Esq., at the Law Office of Edward Gonzalez, PC, serves as
bankruptcy counsel.

In its petition, the Debtor estimated $0 to $50,000 in assets and
$10 million to $50 million in liabilities. The petition was signed
by Jeff Snyder, manager.

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


SOUTHCROSS ENERGY: OppenheimerFunds Ceases to Own 5% Equity Stake
-----------------------------------------------------------------
OppenheimerFunds, Inc. disclosed in an amended Schedule 13G filed
with the Securities and Exchange Commission that as of Dec. 31,
2016, it beneficially owns 1,281,229 shares of common stock of
Southcross Energy Partners, L.P. representing 3.46 percent of the
shares outstanding.  Oppenheimer SteelPath MLP Income Fund also
reported beneficial ownership of 1,263,952 common shares of the
company.  A full-text copy of the regulatory filing is available
for free at https://is.gd/KCHxx3

                About Southcross Energy Partners

Southcross Energy Partners, L.P. --
http://www.southcrossenergy.com/-- is a master limited partnership
that provides natural gas gathering, processing, treating,
compression and transportation services and NGL fractionation and
transportation services.  It also sources, purchases, transports
and sells natural gas and NGLs.  Its assets are located in South
Texas, Mississippi and Alabama and include four gas processing
plants, two fractionation plants and approximately 3,100 miles of
pipeline.  The South Texas assets are located in or near the Eagle
Ford shale region.  Southcross is headquartered in Dallas, Texas.

Southcross Energy reported a net loss attributable to partners of
$51.4 million on $698 million of total revenues for the year ended
Dec. 31, 2015, compared to a net loss attributable to partners of
$36.7 million on $849 million of total revenues for the year ended
Dec. 31, 2014.

As of Sept. 30, 2016, Southcross Energy had $1.19 billion in total
assets, $613.11 million in total liabilities and $583.94 million in
total partners' capital.

                         *     *     *

As reported by the TCR on April 5, 2016, Standard & Poor's Ratings
Services said it lowered its corporate credit and senior secured
rating on Southcross Energy Partners L.P. to 'CCC+' from 'B-'.

The TCR reported on Jan. 13, 2016, that Moody's Investors Service
downgraded Southcross Energy's Corporate Family Rating to 'Caa1'
from 'B2'.  "Southcross' Caa1 CFR reflects its high financial
leverage, limited scale, concentration in the Eagle Ford Shale and
our expectation of continued high leverage and challenging industry
conditions into 2017," according to the report.


SPEEDING DOG: Unsecureds to Recoup 100% Over 4 Years
----------------------------------------------------
Speeding Dog Productions filed with the U.S. Bankruptcy Court for
the Northern District of California a disclosure statement dated
Feb. 15, 2017, referring to the Debtor's plan of reorganization
filed by Debtor on Feb. 15, 2017.

General unsecured creditors are classified in Classes 1 and 2 and
will receive a distribution of 100% of their allowed claims, to be
distributed when priority tax claims are paid in full.

Class 1 General Unsecured Class – American Express Claims
(undisputed) are impaired by the Plan.  The holders will receive
$630 per month starting August 2021 and ending in July 2025.

Class 2 General Unsecured Class – BEP Claims (disputed) are
impaired by the Plan.  The estimated amount of claim paid under
this class is 0%.

Payments and distributions under the Plan will be funded by
contractual payments for writer/director services provided by
Frederick Wolf.

The hearing at which the Court will determine whether to
conditionally approve the Disclosure Statement will take place on
April 6, 2017, at 10:00 a.m.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/canb16-52334-50.pdf

                 About Speeding Dog Productions

Speeding Dog Productions is a corporation formed in 1996 by
Frederick and Kristin Wolf, husband and wife.  Mr. Wolf is writer
and director of movies and television shows.  Mrs. Wolf has
assisted him since the inception of the corporation.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N. D. Calif. Case No. 16-52334) on Aug. 15, 2016.  The
petition was signed by Kristin L. Wolf, treasurer.

The Debtor estimated assets and liabilities of less than $500,000.

The Debtor hired Dougherty & Guenther, APC, as legal counsel.


SPIN CITY EC: JJC of Eau Claire Tries to Block Disclosures OK
-------------------------------------------------------------
JJC of Eau Claire, LLC, an unsecured creditor and
party-in-interest, filed with the U.S. Bankruptcy Court for the
Western District of Wisconsin an objection to Spin City EC L.L.C.'s
disclosure statement referring to the Debtor's proposed plan to
exit Chapter 11 protection.

According to JJC, the Disclosure Statement lacks detailed
information from which a hypothetical investor could make an
informed judgment about the Plan.  JJC claims that:

     a. the creditor has an unsecured claim in the amount of
        $74,799.15 as evidenced by the creditor's proof of claim
        filed on Dec. 16, 2016, and a judgment against Clear Water

        Laundry Services, LLC;

     b. the Disclosure Statement does not provide financial
        information necessary for an informed determination
        whether to accept or reject the Plan.  The Disclosure
        Statement fails to include current information regarding
        accounts receivable or payable, debts, delinquent
        obligations, tax obligations, monthly payments or proposed

        monthly payments;

     c. no financial information, valuation, or projection is
        provided other than a 2016 profit and loss statement
        showing a negative cash flow of $19,000 and a blank 2017
        projected cash flow showing negative $13,000;

     d. the Disclosure Statement does not include an accurate
        summary of the Plan and conflicts with the Plan.  The
        Disclosure Statement inaccurately refers to Royal Credit
        Union as the only unsecured creditor, and claims Royal
        Credit Union is a Class 4 creditor and is an impaired
        class.  The Debtor then claims Royal Credit Union will be
        paid as agreed.  There is no Addendum A as indicated in
        the Plan that explains what the payment to royal credit
        union is;

     e. the Disclosure Statement does not include a description of

        the Debtor's assets and their value, personal property,
        good will, or going business value;

     f. the Disclosure Statement does not provide a valuation
        method or appraisal by which the value of the Debtor's
        personal property can be determined;

     g. the Disclosure Statement does not provide any information
        as how the claim of creditor JJC will be disputed.  The
        Debtor concedes that Spin City EC L.L.C. is the
        continuation of Clear Water Laundry Services, LLC;

     h. the Disclosure Statement does not contain any methodology
        to value the Debtor's assets as part of a liquidation
        analysis and fails to value the good will or going
        business value of the debtor's business;

     i. the Disclosure Statement does not provide any information
        regarding the Plan's funding, capital needs of the
        company, or replacement of equipment;

     j. the Disclosure Statement does not disclose the
        relationship of the sole shareholder to creditors and, in
        particular, personal guarantees or personal liability for
        creditor claims;

     k. the Disclosure Statement claims that the sole equity
        shareholder is a member of an "impaired" class since he
        plans to work for free, but there is no class of equity
        holders as an impaired class under the Plan.  The
        Disclosure Statement does not contain any analysis of
        distribution to the equity class nor how creditors will
        receive priority distribution over equity holders.

JJC is represented by:

     Roger Sage, Esq.
     30 W. Mifflin Street, Suite 1001
     Madison, WI 53703
     Tel: (608) 258-8855
     E-mail: rsage@tds.net

As reported by the Troubled Company Reporter on Jan. 30, 2017, the
Debtor filed with the Court its proposed plan to exit Chapter 11
protection, which proposes that general unsecured creditors receive
a distribution of 0% of their claims.

                       About Spin City

Headquartered in Eau Claire, Wisconsin, Spin City EC L.L.C. filed
for Chapter 11 bankruptcy protection (Bankr. W.D. Wis. Case No.
16-13179) on Sept. 15, 2016, disclosing under $1 million in both
assets and liabilities.  Erwin H. Steiner, Esq., at Otto & Steiner
Law, S.C., serves as the Debtor's bankruptcy counsel.


SPIN CITY EC: Royal Credit Union Objects to Disclosure Statement
----------------------------------------------------------------
Royal Credit Union objects to the disclosure statement explaining
the plan of reorganization filed by Spin City EC, LLC.

Royal Credit Union, both a secured creditor and unsecured creditor
of the Debtor, has already delivered its ballot rejecting the
plan.

Royal Credit complains that the The disclosure statement contains
conflicting information prohibiting a hypothetical investor to make
an informed judgment about the plan.

Specifically, Royal Credit complains that Section 1.5, Page 6 of
the Addendum, does not identify the balances of Royal Credit
Union's claims.  The claims are evidenced by its Proof of Claim on
file with the court.  Royal Credit adds that Section 2.04 of the
plan only identifies JJC of Elau Claire, LLC as the Debtor's
unsecured creditor. However, Section III(C)(3) of the disclosure
statement only identifies Royal Credit Union as the Debtor's
unsecured creditor.

Royal Credit Union is represented by:

     Donald R. Marjala, Esq.
     NODOLFY FLORY, LLP
     526 Water Street
     PO Box 1165
     Eau Claire, WI 54702
     Tel: (715) 830-9771

                         About Spin City EC

Headquartered in Eau Claire, Wisconsin, Spin City EC L.L.C. filed
for Chapter 11 bankruptcy protection (Bankr. W.D. Wis. Case No.
16-13179) on Sept. 15, 2016, disclosing under $1 million in both
assets and liabilities.

Erwin H. Steiner, Esq., at Otto & Steiner Law, S.C., serves as the
Debtor's bankruptcy counsel.

The Debtor filed its Chapter 11 plan of reorganization on January
13, 2017.


SPORTS AUTHORITY: Asks Court to Expand Scope of Hilco Services
--------------------------------------------------------------
TSAWD Holdings, Inc. has asked the U.S. Bankruptcy Court for the
District of Delaware to allow Hilco IP Services LLC to provide
additional services.

Hilco, the firm hired by TSAWD to market its intellectual property,
will assist the company in the disposition and monetization of its
remaining intangible assets, including, litigation claims.  

Specifically, the firm will provide the former Sports Authority
Holdings these additional services:

     (a) identifying, collecting, and securing all of the
         available information and other data concerning the
         remaining assets;

     (b) preparing marketing materials designed to inform  
         potential purchasers of the availability of the remaining
        
         assets for sale, assignment, license, or other
         disposition;

     (c) developing and executing a sales and marketing program
         designed to elicit proposals from qualified acquirers;
         and

     (d) assisting TSAWD in connection with the transfer of the
         remaining assets to the acquirer, and executing all
         marketing and sale activities related to the assets.

In consideration for the additional services to be provided by
Hilco, the firm will be paid a commission of 8% of the
aggregate gross proceeds generated from the sale, assignment,
license or other disposition of the remaining assets.

                   About TSAWD Holdings Inc.

TSAWD Holdings Inc., formerly known as Sports Authority Holdings,
and its affiliates are sporting goods retailers with roots dating
back to 1928.  The Debtors currently operate 464 stores and five
distribution centers across 40 U.S. states and Puerto Rico.  The
Debtors offer a broad selection of goods from a wide array of
household and specialty brands, including Adidas, Asics, Brooks,
Columbia, FitBit, Hanesbrands, Icon Health and Fitness, Nike, The
North Face, and Under Armour, in addition to their own private
label brands.  The Debtors employ 13,000 people.

TSAWD and six of its affiliates filed Chapter 11 bankruptcy
petitions (Bankr. D. Del. Case Nos. 16-10527 to 16-10533) on March
2, 2016.  The petitions were signed by Michael E. Foss as chairman
& chief executive officer.

The Debtors have engaged Robert A. Klyman, Esq., Matthew J.
Williams, Esq., Jeremy L. Graves, Esq., and Sabina Jacobs, Esq.,
at Gibson, Dunn & Crutcher LLP as general counsel; Michael R.
Nestor, Esq., Kenneth J. Enos, Esq., and Andrew L. Magaziner, Esq.,
at Young Conaway Stargatt & Taylor, LLP as co-counsel; Rothschild
Inc. as investment banker; FTI Consulting, Inc., as financial
advisor; and Kurtzman Carson Consultants LLC as notice, claims,
solicitation, balloting and tabulation agent.

Andrew Vara, Acting U.S. trustee for Region 3, appointed seven
creditors of Sports Authority Holdings Inc. to serve on the
official committee of unsecured creditors.  Lawyers at Pachulski
Stang Ziehl & Jones LLP represent the Official Committee of
Unsecured Creditors.

                      *     *     *

In May 2016, the Delaware Court allowed Sports Authority to
Proceed with the liquidation of all of its roughly 450 stores
across the country after the Debtors resolved or beat out about 100
objections to the sale.  Judge Mary F. Walrath approved an
agreement for a joint venture of Gordon Brothers Retail Partners
LLC, Hilco Merchant Resources LLC and Tiger Capital Group LLC to
conduct going out of business sales.  The Joint Venture won an
auction for the Debtors' inventory.  The Debtors failed to obtain a
winning going-concern bid at a May 17, 2016 auction.

In July 2016, Judge Walrath approved the sale of the Debtors'
intellectual property and more than two dozens of property leases
to Dick's Sporting Goods Inc.  A Wall Street Journal report,
citing anonymous sources, said Dick's bid was for $15 million.


STATE DRIVE-IN: Plan, Disclosures Hearing Set for March 14
----------------------------------------------------------
Judge Ann M. Nevins of the U.S. Bankruptcy Court for the District
of Connecticut issued an order conditionally approving the first
amended disclosure statement and first amended plan of
reorganization filed by State Drive-In Cleaners, Inc., on Feb. 9,
2017.

March 10, 2017, is fixed as the last day for filing objections to
the final approval of the first amended disclosure statement.

March 10, 2017, is fixed as the last day for returning written
ballots of acceptance or rejection of the first amended plan.

March 14, 2017, at 10:00 AM is fixed as the date of the hearing to
consider final approval of the first amended disclosure statement
and to consider confirmation of the first amended plan in the U.S.
Bankruptcy Court, Connecticut Financial Center, 157 Church Street,
18th Floor, in New Haven, CT 06510.

Written objections to the first amended plan must be filed with the
court no later than March 10, 2017.

                About State Drive-In Cleaners

State Drive-In Cleaners, Inc., filed for Chapter 11 bankruptcy
protection (Bankr. D. Conn. Case No. 16-50502) on April 12, 2016.

Thomas V. Battaglia Jr., Esq., at the Law Office of Thomas V.
Battaglia, Jr., serves as the Debtor's bankruptcy counsel.


SUPERIOR PLUS: DBRS Puts BB Secured Notes Rating Under Review
-------------------------------------------------------------
DBRS Limited placed the Issuer Rating and Senior Secured Notes
rating of Superior Plus L.P. (SP-LP) of BB (high) and the Senior
Unsecured Debentures rating of BB (low) Under Review with
Developing Implications. The under review status follows Superior
Plus Corporation's (SP-Corp or the Company) announcement of an
agreement to ultimately acquire all equity interests of Canwest
Propane's (Canwest) retail propane business from Gibson Energy Inc.
for $412 million in cash payment, subject to certain customary
adjustments. Under the agreement, SP-Corp expects to initially
purchase an option (the Option) to acquire all Canwest shares for
the full consideration, which provides the Company with the rights
to exercise and acquire the shares for a nominal payment upon
regulatory approval and satisfaction of closing conditions. The
purchase of the Option is expected to occur no later than April 3,
2017, which will entitle SP-Corp to the benefits of Canwest's
profit from the Option acquisition. The Company currently expects
the acquisition of Canwest shares to be completed in the second
half of 2017.

In placing the ratings under review with developing implications,
DBRS signals that the Company's ratings could potentially be
affected by the increased uncertainties relating to regulatory
approval of the acquisition and business integration as well as
possible changes in financing arrangements. At the same time, DBRS
opines that the acquisition, the related financing arrangement and
subsequent expectation of deleveraging, if executed as planned, are
unlikely to affect SP-LP's ratings on their own.

DBRS indicated in its July 5, 2016, rating report on SP-LP that,
although financial metrics following the sale of its Construction
Products Distribution business could be strong for the current
ratings, the ratings reflected DBRS's expectation that the Company
would continue to seek acquisition opportunities and target
unadjusted debt-to-EBITDA toward the low end of its stated target
of 3.0 times (x) to 3.5x range in the longer term.

SP-Corp expects that the proposed Option acquisition will be
entirely financed by increased borrowing, initially through its
credit facility, and that there will not be any assumed debt in
Canwest. Within these expectations, DBRS estimates that SP-Corp's
pro forma combined 2016 adjusted debt-to-EBITDA will increase to
within the 3.9x and 4.1x range in the last 12 months ended Q3 2016
(LTM Q3 2016; 3.7x on an unadjusted basis) and adjusted cash
flow-to-debt will decrease to within the 16% to 18% range from 23%
in the LTM Q3 2016. These estimated pro forma financial metrics are
moderately weak for the ratings and exceed the Company's stated
leverage debt-to-EBITDA target. DBRS expects SP-Corp to diligently
de-lever following the completion of the acquisition to conform
with its long-term leverage target (unadjusted debt-to-EBITDA of
3.0x to 3.5x) as the Company has done in the past years.

Canwest is one of the largest propane supply and distribution
companies in Western Canada with 37 main branches, 3.2 million
gallons of storage capacity and a fleet of more than 400 trucks,
trailers and tractors. SP-Corp expects Canwest to be cash-flow
accretive in its first full year upon exercising the Option and
completion of the acquisition. The Company also expects cost
synergies estimated to exceed $20 million to be achieved mainly
through corporate overhead reduction and optimization of fleet and
facilities.

DBRS does not expect the acquisition, if materialized, to have a
meaningful impact on SP-Corp's overall business risk profile. While
Canwest's addition could result in a stronger market position,
economies of scale and wider geographic diversification of its
energy distribution business, these benefits could be partly offset
by Canwest's focus in Western Canada and toward industrial and
commercial customers compared with SP-LP's existing business. This
could increase exposure to the more volatile oil and gas sector and
sensitivity to weather. In addition, potential issues arising from
business integration could potentially cause management distraction
and affect the Company's business risk profile.

Going forward, DBRS will review the progress of the acquisition and
financing arrangement as more details become available while
continuing to review SP-LP's operating results and overall
financial metrics. Upon completion of the acquisition and financing
arrangement without material deviation from its plan or in the
event that the acquisition fails to materialize as planned, DBRS
could consider confirming the ratings shortly after the completion
of the acquisition. Conversely, DBRS could consider lowering the
ratings in the event that SP-Corp's operating performance and
financial metrics are pressured by integration-related issues or
adverse market conditions.



TELEFLEX INC: S&P Rates $1BB Revolver Loan Due 2022 'BB-'
---------------------------------------------------------
S&P Global Ratings assigned its 'BB+' rating to U.S.-based medical
device company Teleflex Inc.'s $1 billion revolving credit facility
maturing in 2022.  The recovery rating is '3', indicating S&P's
expectations for meaningful recovery in the event of default, at
the high end of the 50% to 70% range.  The company is using the
revolver, along with the previously rated $750 million term loan,
to fund its acquisition of Vascular Solutions and refinance its
$850 million revolver maturing in 2018.  Simultaneously, S&P is
withdrawing its rating on the $850 million revolver (BBB-/Watch
Neg; recovery rating '1').

S&P's 'BB+' corporate credit rating on Teleflex reflects S&P's
assessment of the company's business risk as fair and the financial
risk as intermediate.  The outlook is stable.

S&P's assessment of the company's business risk reflects good
product and geographic diversification, the recurring nature of the
revenue streams from the company's portfolio of single-use
products, and average profitability (adjusted EBITDA margins of
around 27%) relative to medical device peers.  S&P generally
characterizes the company's products as having a moderate level of
technological innovation, though there is a wide range of variation
within that product portfolio. Many of Teleflex's products compete
with those of significantly larger industry participants such as
Ethicon (a division of Johnson & Johnson), Smith & Nephew, Bard
(C.R.) Inc., and Becton Dickinson.  S&P expects this competition
and the financial pressures at hospital customers to limit the
company's ability to raise prices.

S&P's assessment of financial risk reflects its expectation for
adjusted debt leverage to generally remain at about 2x-3x, as the
company intermittently pursues additional acquisition
opportunities.  S&P expects debt leverage of 3.2x for 2017, and for
the company to deleverage such that they are below 3x over the
following years.  This is supported by free cash flows expected to
be over $200 million going forward.

The stable outlook on Teleflex reflects S&P's expectation for low
double-digit growth in 2017, helped by meaningful acquisitions, as
well as adjusted EBITDA margins remaining between 26% and 27%.
While the Vascular Solutions acquisition has leverage rising above
3x, S&P expects Teleflex to allocate capital such that they
maintain a leverage profile between 2x-3x.

RATINGS LIST

Teleflex Inc.
Corporate Credit Rating                   BB+/Stable/--

New Rating
Teleflex Inc.
$1B revolving credit facility due 2022    BB+
  Recovery rating                         3H

Rating Withdrawn
                                 To       From
Teleflex Inc.
$850 million revolver           NR       BBB-/Watch Neg
  Recovery rating                NR       1


TEMPUR SEALY: S&P Affirms 'BB' CCR & Revises Outlook to Negative
----------------------------------------------------------------
S&P Global Ratings affirmed its 'BB' corporate credit rating on
Lexington, Ky.-based Tempur Sealy International Inc.  S&P revised
the outlook to negative from stable.

S&P also affirmed its 'BB' issue-level rating on the company's $450
million and $600 million senior unsecured notes due 2023 and 2026,
respectively.  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.

S&P has revised its expectations for the impact of U.S.-based
Tempur Sealy International Inc. discontinuing its contracts with
Mattress Firm, its largest customer.  S&P now believes the
company's EBITDA is likely to fall to between $400 million and $450
million from over $500 million in fiscal 2016.  As a result, S&P
believes that debt leverage could increase to above 4x during
fiscal 2017, which is above S&P's benchmark for the current
ratings.  If the company can restore some of its lost revenues and
demonstrate a more prudent financial policy by applying excess cash
flow to debt reduction, then S&P believes debt leverage can be
maintained below 4x.

"The outlook revision to negative reflects our expectations that
Tempur Sealy's operating performance will be weaker during the next
year as the company transitions out of the Mattress Firm contract,"
said S&P Global Ratings credit analyst Bea Chiem.

Mattress Firm represented about $650 million in revenues, or about
20% of the company's revenues in 2016.  While S&P believes that the
company can recover some of its lost revenues with new customers,
S&P believes that 2017 will be a transition year whereby the
company will incur higher restructuring charges and increased
customer acquisition costs including greater advertising
expenditures.  Given the execution risk with acquiring new
customers, S&P revised downward its forecast for operating
performance. S&P could lower the ratings if the company is unable
to demonstrate progress in recovering some of its lost revenues and
maintain continued good free operating cash flow to lower its debt
leverage.

As of Dec. 31, 2016, S&P estimates that the company had about
$1.9 billion in reported debt outstanding.


TIMS TRUCKING: Judge Reschedules Sale Hearing to April 2
--------------------------------------------------------
Judge Thomas L. Saladino of the U.S. Bankruptcy Court for the
District of Nebraska on Feb. 16, 2017 ordered that the agreed Feb.
22, 2017 hearing on Tim's Trucking, Inc.'s sale of farm real estate
in Greeley County, Nebraska, for $34,000, and vehicles and
equipment for $47,000, to Daniel Dugan; and the objection filed by
State Bank of Scotia, is continued to be rescheduled on or after 45
days.

The farm real estate is legally described as Part of the NE 114 of
the SW 1/4 and part of the East 112 of the SW 114 of Section 12,
P.M. in Greeley County, Nebraska, 11.4 acres.

The vehicles and equipment to be sold are: (i) 2005 Freightliner
day cab with tax axle; (ii) 2011 Wilson spread axle trailer; (iii)
2006 Titan horse trailer; (iv) 1992 Honda 4 x 4; (v) 1998 Dodge
Dakota pickup; (v) 1985 Ford F150 pickup; (vi) 1988 Chevrolet
pickup; and (vii) miscellaneous older equipment.

State Bank of Scotia is a secured creditor on the property.  Said
property will be sold after the objection time has run, free and
clear of any lien, claim or encumbrance of any party.

                   About Tim's Trucking Inc.

Tim's Trucking, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Neb. Case No. 16-40206) on Feb. 17,
2016.  The petition was signed by Raymond T. Dugan, president.  

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


TPP ACQUISITION: Unsecureds May Get 0-10% Under 2nd Amended Plan
----------------------------------------------------------------
TPP Acquisition, Inc., and the Official Committee of Unsecured
Creditors filed with the U.S. Bankruptcy Court for the Northern
District of Texas its second amended disclosure statement in
support of its second amended joint plan of liquidation, dated Feb.
14, 2017.

Under the plan, the recovery for Holders of Allowed General
Unsecured Claims is uncertain, as it is subject to the Liquidation
Trustee's success in pursuing the Rights of Action.  The Committee
anticipates that the recovery to the Holders of Allowed General
Unsecured Claims may be approximately between zero and ten percent.
Recovery may increase if the Liquidation Trustee is highly
successful in pursing Rights of Action transferred to the
Liquidation Trust.  The ultimate recovery to Holders of Allowed
General Unsecured Claims is contingent on recoveries from the
Liquidation Trustee's efforts in pursuing the Rights of Action.
These recoveries will be dictated by the results of litigation of
the Rights of Action, which are highly uncertain and speculative.
The Debtor does not take a position on the amount of recoveries.

As reported by The Troubled Company Reporter on Feb. 5, 2017, each
holder of Class 5 Allowed General Unsecured Claims under the plan
will receive a beneficial interest in the liquidation trust that
will entitle the holder to receive its pro rata share of any cash
distribution from the Liquidation Trust.

On the Effective Date, except as otherwise specifically provided
for in the Plan:

   (i) all Interests in the Debtor will be canceled;

  (ii) the obligations of, Claims against, and Interests in the
Debtor arising under, evidenced by, or relating to any agreements,
contracts, indentures, certificates of designation, bylaws,
certificates or articles of incorporation, or similar documents
governing the Interests will be released and discharged; and

(iii) the Debtor will be dissolved.  The Liquidation Trustee may,
in his or her discretion, file all necessary certificates of
dissolution and take any other actions necessary or appropriate to
reflect the dissolution of the Debtor under applicable state law
where the Debtor was organized or formed.

On the Effective Date, the Liquidation Trust will be created
pursuant to the Liquidation Trust Agreement.  The Liquidation Trust
will operate under the provisions of the Liquidation Trust
Agreement.

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

         http://bankrupt.com/misc/txnb16-33437-11-469.pdf

                    About TPP Acquisition

TPP Acquisition, Inc., doing business as The Picture People, filed
a Chapter 11 petition (Bankr. N.D. Tex. Case No. 16-33437-hdh-11)
on Sept. 2, 2016.  The Debtor is represented by Robert D.
Albergotti, Esq., Ian T. Peck, Esq., and Jarom J. Yates, Esq., at
Haynes and Boone, LLP.

The petition was signed by Stuart Noyes, chief restructuring
officer.  The case is assigned to Judge Harlin DeWayne
Hale.  At
the time of filing, the Debtor estimated assets at $10 million to
$50 million and liabilities at $50 million to $100 million. 

The Debtor's Restructuring Advisor is Winter Harbor LLC; the
Debtor's Investment Banker is SSG Advisors, LLC; and its Claims &
Noticing Agent is Kurtzman Carson Consultants LLC.

U.S. Trustee William T. Neary on Sept. 13, 2016, appointed nine
creditors to serve on the official committee of unsecured
creditors
of TPP Acquisition, Inc.  The committee members are: (1) W. B.
Mason Company, Inc.; (2) Identity Management Consultants, LLC; (3)
AAA Imaging Solutions; (4) Noritsu America Corporation; (5) Urban
Retail Properties, LLC; (6) GGP Limited Partnership; (7) MFA
Contemporary Atelier, Inc. dba Gemline Frame Company; (8) DFM
Print
Pak; and (9) Simon Property Group, Inc. 

The Committee is represented by Gruber Elrod Johansen Hail Shank
LLP.


TRANSMAR COMMODITY: Asks Court to Okay Additional Riker Services
----------------------------------------------------------------
Transmar Commodity Group Ltd. has asked the U.S. Bankruptcy Court
for the Southern District of New York to allow its lead counsel,
Riker Danzig Scherer Hyland & Perretti LLP, to provide additional
services.

The services to be provided by the firm include legal services
involved in responding to the subpoena served by the U.S. Attorney
for the Southern District of New York.  

The subpoena served on Feb. 8 requires the company to produce
various documents, according to a court filing.

In the same filing, Transmar Commodity also disclosed that ABN AMRO
Capital USA LLC has allowed the company to use its cash collateral
to pay Riker Danzig for the additional services.

                 About Transmar Commodity Group

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.


TURNING POINT: Moody's Assigns B2 Corporate Family Rating
---------------------------------------------------------
Moody's Investors Service assigned a B2 Corporate Family Rating,
B2-PD Probability of Default Rating, and SGL-2 Speculative Grade
Liquidity Rating to Turning Point Brands, Inc. Moody's assigned a
Ba3 rating to Turning Point's proposed first-lien first out $50
million revolving credit facility and $110 million term loan and a
B3 rating to the proposed first-lien second out $35 million term
loan. Moody's also assigned a Caa1 rating to the proposed
second-lien $55 million term loan. Proceeds from the issuance will
be used to repay existing debt at North Atlantic Trading Company,
Inc. ("NATC"), Turning Point's largest operating subsidiary.
Moody's expects to withdraw all ratings at NATC following the close
of the transaction. The rating outlook is stable.

The Ba3 rating on the first lien first out revolver and term loan
is two notches higher than the B2 CFR reflecting its senior
position and security relative to the second lien term loan and
other unsecured obligations in the capital structure. The rating
also reflects the first right of payment in bankruptcy ahead of the
first lien second out term loan. The B3 rating on the first lien
second out term loan, one notch below the CFR, reflects its senior
position and security relative to the second lien term loan, but
junior position in right of payment to the first lien first out
facility. The second lien is rated Caa1, two notches lower than the
CFR, reflecting its effective subordination and hence junior
position to the first lien facilities. The ratings on all
facilities reflect the upstream guarantees from operating
subsidiaries.

"The refinancing will save the company around $5 million of
interest each year," said Kevin Cassidy, Senior Credit Officer at
Moody's Investors Service. The SGL-2 Speculative Grade Liquidity
Rating reflects the company's good liquidity profile highlighted by
roughly $4 million of cash as of September 30, 2016 and Moody's
projections for over $30 million of free cash flow over the next
12-18 months. The company's $50 million revolver expiring in 2022
provides additional liquidity support with pro forma availability
of $25 million but with expected fully availability in about a
year. Liquidity is constrained by minimal cushion on its leverage
financial covenant.

Rating actions:

Turning Point Brands, Inc:

Ratings assigned:

Corporate Family Rating at B2;

Probability of Default Rating at B2-PD;

First-lien senior secured first-out credit facilities at Ba3 (LGD
3);

First-lien senior secured second-out term loan at B3 (LGD 5);

Second-lien senior secured term loan at Caa1 (LGD 6);

Speculative Grade Liquidity (SGL) Rating at SGL-2

North Atlantic Trading Company, Inc.

Ratings affirmed and to be withdrawn at transaction close:

Corporate Family Rating at B2;

Probability of Default Rating at B2-PD;

First-lien senior secured term loan at B2 (LGD 3);

Second-lien senior secured term loan at Caa1 (LGD 5);

Speculative Grade Liquidity Rating at SGL-3

The outlook on all ratings is stable.

RATINGS RATIONALE

Turning Point Brands, Inc's B2 Corporate Family Rating reflects the
company's small scale, high financial leverage and modest but
improving free cash flow. Ratings are supported by the company's
solid market share position in niche tobacco categories, good
interest coverage, and minimal cap-ex requirements in its asset
light model. Moody's expects modest de-levering to be driven by a
combination of debt repayments and modest earnings growth. Turning
Point must compete -- primarily based on price and quality --
against significantly larger, better resourced, well-known branded
tobacco manufacturers. The company must also continue to invest in
growth initiatives and utilize its pricing power to mitigate volume
pressure on tobacco products because of consumer trends toward
healthier lifestyles. The company is targeting to reduce and
sustain leverage around 3 times. The company does not currently pay
a dividend, but Moody's believes that the introduction of a
dividend is likely for mature cash-generating companies and this
creates some event risk for Turning Point.

The stable rating outlook reflects Moody's expectation that the
company will realize some earnings growth and modest improvement in
credit metrics. The stable outlook also reflects Moody's
expectation that the company will delever and generate positive
annual free cash flow.

Moody's could upgrade the ratings if the company meaningfully
increases its scale and revenue while reducing leverage.

Moody's could downgrade the ratings if leverage (debt/EBITDA)
increases to more than 5 times, operating performance deteriorates
for whatever reason, or if the company's liquidity profile
weakens.

The principal methodology used in this rating was the Tobacco
Industry published in February 2017.

Turning Point Brands, Inc is a provider of Other Tobacco Products
(OTP) in the United States. The company operates three business
segments: smokeless products, smoking products, and NewGen
products. The Smokeless products market consists of approximately
four product categories, which includes loose leaf chewing tobacco,
Moist Snuff, Moist Snuff Pouches and Snus. The smoking products
consist of various product categories, including cigarette papers,
large cigars, MYO cigar wraps and MYO cigar smoking tobacco, MYO
cigarette smoking tobacco and related products, and traditional
pipe tobacco. The NewGen products consist of various products, such
as liquid vapor products, tobacco vaporizer products and a range of
non-tobacco products and other non-nicotine products. Its portfolio
of brands includes Zig-Zag, Beech-Nut, Stoker's, Trophy, Havana
Blossom, Durango, Moody's Pride and Red Cap. Pro forma revenues
approximate $250 million.


TURNING POINT: S&P Assigns 'B' CCR on Refinancing of Unit's Debt
----------------------------------------------------------------
S&P Global Ratings assigned its 'B' corporate credit rating to
Louisville, Ky.-based Turning Point Brands, Inc.  The outlook is
stable.

At the same time, S&P assigned its 'BB-' issue-level rating to
TPB's and North American Trading Company's first-lien debt and a
'CCC+' issue-level rating to its second-lien debt.  The recovery
rating on the first-lien debt is '1', indicating S&P's expectation
of very high recovery (90%-100%) in the event of a default.  The
recovery rating on the second-lien debt is '6', indicating S&P's
expectation of negligible recovery (0-10%) in the event of a
default.

Turning Point Brands, Inc., (TPB) is refinancing all outstanding
debt of its subsidiary, North Atlantic.  The transaction is
leverage-neutral for the group.

S&P estimates that outstanding debt at transaction close is about
$230 million, and S&P expects to withdraw all of its issue-level
ratings on North Atlantic Trading Co. Inc. once its credit
facilities have been repaid.

S&P's ratings reflect TPB's narrow business focus, weak position in
intensely competitive sub-segments of the "other tobacco products"
(OTP) industry, and very low organic growth prospects. It also
incorporates TPB's weak (albeit improving) credit metrics and near
50% ownership by financial sponsor Standard General,
notwithstanding TPB's small public float.  Although still sponsor
controlled, TPB's credit metrics have improved considerably since
Standard General became an owner.  The stable outlook reflects
S&P's expectation that TPB will generate steady free cash flow of
around $20 million annually as price increases offset secular
declines across certain tobacco categories.  S&P also expects that
the company will grow modestly in the moist snuff and vaping
markets.  S&P believes the company will pursue opportunistic
acquisitions to position itself for growth, particularly in vaping
and other non-tobacco categories.


TUSCANY ENERGY: Has Interim Authority to Use Cash Until March 10
----------------------------------------------------------------
Judge Erik P. Kimball of the U.S. Bankruptcy Court for the Southern
District of Florida authorized Tuscany Energy, LLC to use cash
collateral on an interim basis through March 10, 2017.

The Debtor was authorized to use cash collateral, in the amounts
consistent with the Budget, to pay those actual and necessary
ordinary course operating expenses pursuant to the terms of the
Interim Order.

The approved Budget covering February 11 to March 10, 2017 reflects
total lease operating expense of $44,496 and total administrative
expenses of $6,916.

With respect to the management fee set forth in the Budget, the
Debtor will only provide Donald Sider with a payment of an amount
up to $10,000 during the period of the Interim Order, provided
that, such amount leaves the Debtor in a $500 positive cash flow
position at the end of the period of the Interim Order.

Armstrong Bank was granted replacement liens to the same extent and
priority that Armstrong Bank held a properly perfected pre-petition
security interest.

As additional adequate protection, subject to a reduction for the
Holiday Bonuses, the Debtor was directed to maintain a Cash
Collateral Pool containing at least a total of $217,000 in cash on
hand and accounts receivable -- $141,000 in cash and $76,000.00 in
accounts receivable.

The  Debtor was also directed to continue to maintain insurance
coverage in amounts and against risks as required by Armstrong
Bank, with such insurance policies reflecting Armstrong Bank as
loss payee and the US Trustee as a notice party.

The Court will hold an interim hearing on the Debtor's use of cash
collateral on March 1, 2017 at 2:00 p.m.

A full-text copy of the Fourteenth Order, dated February 14, 2017,
is available at https://is.gd/2xeI7U

                About Tuscany Energy, LLC

Tuscany Energy, LLC, filed for Chapter 11 bankruptcy protection
(Bankr. S.D. Fla. Case No. 16-10398) on Jan. 11, 2016.  The
petition was signed by Donald Sider, manager.  The case is assigned
to Judge Erik P. Kimball.  At the time of the filing, the Debtor
estimated assets at $100,000 to $500,000 and liabilities at $1
million to $10 million.   The Debtor is represented by Bradley S.
Shraiberg, Esq., at Shraiberg, Ferrara, & Landau P.A.  

No official committee of unsecured creditors has been appointed in
the Chapter 11 case of Tuscany Energy.


UNITED ROAD: U.S. Trustee Forms 5-Member Committee
--------------------------------------------------
Andrew R. Vara, Acting U.S. Trustee for Region 3, on Feb. 16
appointed five creditors to serve on the official committee of
unsecured creditors appointed in the Chapter 11 cases of United
Road Towing, Inc., and its affiliates.

The committee members are:

     (1) Mission Wrecker, S.A., Inc.
         Attn: Jim Champion
         4535 FM 1510 N.
         Con Verse, TX 78109
         Tel: (210) 341-0333
         Fax: (210) 651-5114

     (2) First Service Credit Union
         fka Right Choice as Class Representative
         Attn: Michael Brooks, Esq.
         Brooks Hubley, LLP
         1645 Village Center Cir, Suite 60
         Las Vegas, NV 89134
         Tel: (702) 851-1191
         Fax: (702) 851-1191

     (3) M2 Development, LLC
         Attn: Matthew Brady
         1669 W. Horizon Ridge Parkway No. 120
         Henderson, NV 89012
         Tel: (702) 373-2834
         Fax: (702) 441-8956

     (4) Secure-24, LLC
         Attn: Beth Mier, Esq.
         26955 Northwestern Highway No. 200
         Southfield, MI 48033
         Tel: (248) 784-1021, Ext. 2696
         Fax: (248) 630-3125

     (5) FTM Corp, dba Fleet Technology & Maintenance Corp.
         Attn: Sergio Aguirre
         8500 NW 64th Street
         Miami, FL 33166
         Tel: (305) 219-8236

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense. They may investigate the debtor's business and financial
affairs. Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.

                   About United Road Towing

Headquartered in Mokena, Illinois, United Road Towing, Inc. -- dba
Good Buy Auto Auction, UR Vehicle Management Solutions, Quality
Towing, United Road Vehicle Management Solutions, and dba United
Road Towing-San Antonio -- and its affiliates provide towing,
recovery, impound, and vehicle management solutions services to
both the private and public sector.  Through a portfolio of local
and regional brands operating across 10 different regions in eight
different states, the Debtors dispatch approximately 500,000 tows,
manage over 200,000 impounds and sell over 38,000 vehicles
annually across the U.S.

United Road Towing, Inc., filed for Chapter 11 bankruptcy
protection (Bankr. D. Del. Case No. 17-10249) on Feb. 6, 2017.  

These affiliates filed separate Chapter 11 bankruptcy petitions on
the same day: URT Holdings, Inc. (Bankr. D. Del. Case No.
17-10250), City Towing, Inc. (Bankr. D. Del. Case No. 17-10251),
URS West, Inc. (Bankr. D. Del. Case No. 17-10252), Bill & Wag's,
Inc. (Bankr. D. Del. Case No. 17-10253), Export Enterprises of
Massachusetts, Inc. (Bankr. D. Del. Case No. 17-10254), Pat's
Towing, Inc. (Bankr. D. Del. Case No. 17-10255), Keystone Towing,
Inc. (Bankr. D. Del. Case No. 17-10256), Ross Baker Towing, Inc.
(Bankr. D. Del. Case No. 17-10257), URT Texas, Inc. (Bankr. D. Del.
Case No. 17-10258), Mart Caudle Corporation (Bankr. D. Del. Case
No. 17-10259), Signature Towing, Inc. (Bankr. D. Del. Case No.
17-10260), WHW Transport, Inc. (Bankr. D. Del. Case No. 17-10261),
URS Southeast, Inc. (Bankr. D. Del. Case No. 17-10262), URS
Northeast, Inc. (Bankr. D. Del. Case No. 17-10263), URS Southwest,
Inc. (Bankr. D. Del. Case No. 17-10264), Fast Towing, Inc. (Bankr.
D. Del. Case No. 17-10265), E&R Towing and Garage, Inc. (Bankr. D.
Del. Case No. 17-10266), Sunrise Towing, Inc. (Bankr. D. Del. Case
No. 17-10267), Ken Lehman Enterprises, Inc. (Bankr. D. Del. Case
No. 17-10268), United Road Towing of South Florida, Inc. (Bankr. D.
Del. Case No. 17-10269), Rapid Recovery Incorporated (Bankr. D.
Del. Case No. 17-10270), United Road Towing Services, Inc. (Bankr.
D. Del. Case No. 17-10271), Arri Brothers, Inc. (Bankr. D. Del.
Case No. 17-10272), Rancho Del Oro Companies, Inc. (Bankr. D. Del.
Case No. 17-10273), CSCBD, Inc. (Bankr. D. Del. Case No. 17-10274),
UR VMS, LLC (Bankr. D. Del. Case No. 17-10275), URS Leasing, Inc.
(Bankr. D. Del. Case No. 17-10276), and UR Vehicle Management
Solutions, Inc. (Bankr. D. Del. Case No. 17-10277).

The petitions were signed by Michael Mahar, chief financial
officer.

Judge Laurie Selber Silverstein presides over the case.

Daniel J. McGuire, Esq., Grace D. D'Arcy, Esq., and Carrie V.
Hardman, Esq., at Winston & Strawn LLP serve as Debtors' general
counsel.

M. Blake Cleary, Esq., Ryan M. Bartley, Esq., and Andrew
Magaziner, Esq., at Young Conaway Stargatt & Taylor, LLP, serve as
the Debtors' Delaware counsel.

Getzler Henrich & Associates LLC is the Debtors' financial
advisor.

SSG Advisors LLC is the Debtors' investment banker.

Rust Consulting/Omni Bankruptcy is the Debtors' noticing, claims
and balloting agent.

The Debtors estimated assets of between $10 million and $50
million and debts of between $50 million and $100 million.


VAPOR CORP: CEO Jeffrey Holman Holds 19.99% Equity Stake
--------------------------------------------------------
In a Schedule 13D filed with the Securities and Exchange
Commission, Jeffrey E. Holman, chairman and chief executive officer
of Vapor Corp., disclosed that as of Feb. 2, 2017, he beneficially
owns 4,275,813,177 shares of common stock of Vapor Corp.
representing 19.99% percent of the shares outstanding.

Mr. Holman's securities ownership in the Company is comprised of
(1) one share of common stock which is held of record and (2) the
following stock options that are either presently exercisable or
exercisable within 60 days of the date hereof and were granted in
connection with his service as an officer and director of Vapor
Corp:

   * Stock options (right to purchase) with respect to
     25,000,000,000 shares of Common Stock, at an exercise price
     of $0.0001 per share, granted Feb. 2, 2017, by the Company's
     Board of Directors (does not include 25,000,000,000 shares
     subject to stock options owned by Mr. Holman that will become

     exercisable after 60 days).

The option agreement includes a provision that prevents Mr. Holman
from exercising the option into common stock to the extent (but
only to the extent) that such conversion would result in the
holder, or any of its affiliates, beneficially owning (as
determined in accordance with Section 13(d) of the Securities
Exchange Act of 1934, as amended, and the rules and regulations
promulgated thereunder) more than 19.9% of the Company's
outstanding Common Stock.

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

                     https://is.gd/hIdKRf

                       About Vapor Corp

Vapor Corp. operates 20 vape stores in the Southeastern United
States and online where it sells vaporizers, liquids for vaporizers
and e-cigarettes.  The Company also designs, markets and
distributes electronic cigarettes, vaporizers, e-liquids and
accessories under the Vapor X, Hookah Stix, Vaporin, Krave, and
Honey Stick brands.  "Electronic cigarettes" or "e-cigarettes," and
"vaporizers" are battery-powered products that enable users to
inhale nicotine vapor without fire, smoke, tar, ash, or carbon
monoxide.  The Company also designs and develops private label
brands for its distribution customers.  Third party manufacturers
manufacture the Compoany's products to meet its design
specifications.  The Company markets its products as alternatives
to traditional tobacco cigarettes and cigars.  In 2014, as a
response to market product demand changes, Vapor began to shift its
primary focus from electronic cigarettes to vaporizers.

Vapor Corp reported a net loss allocable to common shareholders of
$36.26 million in 2015 following a net loss allocable to common
shareholders of $13.85 million in 2014.  As of Sept. 30, 2016,
Vapor Corp. had $20.76 million in total assets, $48.72 million in
total liabilities and a total stockholders' deficit of $27.95
million.
   
Marcum LLP, in New York, NY, issued a "going concern" qualification
on the consolidated financial statements for the year ended Dec.
31, 2015, citing that Company has incurred net losses and needs to
raise additional funds to meet its obligations and sustain its
operations.  In addition, the Company currently does not have
enough authorized common shares to settle all of its outstanding
warrants if those warrants were exercised pursuant to their
cashless exercise provisions.  As a result, the Company could be
required to settle a portion of these warrants with cash.  These
conditions, the auditors said, raise substantial doubt about the
Company's ability to continue as a going concern.


VAPOR CORP: President Reports 19.99% Equity Stake as of Feb. 2
--------------------------------------------------------------
Christopher Santi, president and chief operating officer of Vapor
Corp, disclosed in a regulatory filing with the Securities and
Exchange Commission that as of Feb. 2, 2017, he beneficially owns
4,275,813,177 shares of common stock of the Company representing
19.99 percent of the shares outstanding.

Mr. Santi's securities ownership in the Company is comprised of the
following stock options that are either presently exercisable or
exercisable within 60 days of the date hereof and were granted in
connection with his service as an officer and director of the
Company:

   * Stock options (right to purchase) with respect to
     12,500,000,000 shares of Common Stock, at an exercise price
     of $0.0001 per share, granted Feb. 2, 2017, by the Company's  

     Board of Directors (does not include 12,500,000,000 shares
     subject to stock options owned by Mr. Santi that will become
     exercisable after 60 days).

The option agreement includes a provision that prevents the
Reporting Person from exercising the option into common stock to
the extent (but only to the extent) that such conversion would
result in the holder, or any of its affiliates, beneficially owning
(as determined in accordance with Section 13(d) of the Securities
Exchange Act of 1934, as amended, and the rules and regulations
promulgated thereunder) more than 19.9% of the Company's
outstanding Common Stock.

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

                       https://is.gd/GR5bpv

                         About Vapor Corp

Vapor Corp. operates 20 vape stores in the Southeastern United
States and online where it sells vaporizers, liquids for vaporizers
and e-cigarettes.  The Company also designs, markets and
distributes electronic cigarettes, vaporizers, e-liquids and
accessories under the Vapor X, Hookah Stix, Vaporin, Krave, and
Honey Stick brands.  "Electronic cigarettes" or "e-cigarettes," and
"vaporizers" are battery-powered products that enable users to
inhale nicotine vapor without fire, smoke, tar, ash, or carbon
monoxide.  The Company also designs and develops private label
brands for its distribution customers.  Third party manufacturers
manufacture the Compoany's products to meet its design
specifications.  The Company markets its products as alternatives
to traditional tobacco cigarettes and cigars.  In 2014, as a
response to market product demand changes, Vapor began to shift its
primary focus from electronic cigarettes to vaporizers.

Vapor Corp reported a net loss allocable to common shareholders of
$36.26 million in 2015 following a net loss allocable to common
shareholders of $13.85 million in 2014.  As of Sept. 30, 2016,
Vapor Corp. had $20.76 million in total assets, $48.72 million in
total liabilities and a total stockholders' deficit of $27.95
million.
   
Marcum LLP, in New York, NY, issued a "going concern" qualification
on the consolidated financial statements for the year ended Dec.
31, 2015, citing that Company has incurred net losses and needs to
raise additional funds to meet its obligations and sustain its
operations.  In addition, the Company currently does not have
enough authorized common shares to settle all of its outstanding
warrants if those warrants were exercised pursuant to their
cashless exercise provisions.  As a result, the Company could be
required to settle a portion of these warrants with cash.  These
conditions, the auditors said, raise substantial doubt about the
Company's ability to continue as a going concern.


VASSALLO INTERNATIONAL: Air Master Buying Assets for $45K
---------------------------------------------------------
Vassallo International Group, Inc., asks the U.S. Bankruptcy Court
for the District of Puerto Rico to authorize the private sale of
assets to Air Master Awning, LLC for $45,000.

The Debtor's Plan will be of a liquidating nature and in line
therewith, the Debtor needs to sell its existing machinery and
equipment as expeditiously as possible, inter alia, to preclude its
deterioration and be able to vacate the premises it occupies under
a lease agreement with JCGMB, Inc.

To this effect, on Dec. 21, 2016, the Debtor filed a Notice of Sale
regarding certain machinery and equipment encumbered by Vinyl
Investments, LLC, Engineered Vinyl Blends, LLC, Resin Technology,
Inc., and Heritage Puerto Rico, LLC to Industrial Gamma, S.R.L. for
$275,000.

The Debtor has received an offer from the Buyer to purchase
Debtor's assets encumbered in favor of Heritage PR for $45,000.
The Debtor proposed to sell the assets to the Buyer free and clear
of all liens and encumbrances with Heritage's lien to attach to the
proceeds of the sale, which proceeds will be deposited with the
Clerk of the Court for negotiation of a carve out with Heritage for
the Debtor's estate and disbursement of the balance to Heritage.

The Debtor must sell the assets as expeditiously as possible, in
order to maximize their value and avoid their deterioration,
particularly since
Debtor is no longer in operations, the assets will deteriorate and
that the Debtor must vacate the leased premises where they are
located, as expeditiously as possible.

While there is no recent appraisal of the assets, based on the
Debtor's management expertise the purchase price offered by Air
Master is considered to be their market value in view of their
condition, year of manufacturing and the market demand for the
nature of the assets.

Accordingly, the Debtor asks the Court to approve the proposed sale
of assets.

A copy of the list of assets to be sold and the Air Master's Offer
attached to the Motion is available for free at:

    http://bankrupt.com/misc/Vassallo_International_84_Sales.pdf

The Purchaser can be reached at:

          AIR MASTER AWNING, LLC
          P.O. BOX 2097
          Barceloneta, PR 00617

         About Vassallo International Group

Vassallo International Group Inc., filed a Chapter 11 petition
(Bankr. D. P.R. Case No. 16-09093) on Nov. 16, 2016.  The
petition was signed by Rafael V. Vassallo Collazo, president.  The
Debtor is represented by Charles Alfred Cuprill-Hernandez, Esq.

The Debtor disclosed $0 million in assets and $8.4 million in
liabilities.


VASSALLO INTERNATIONAL: C6 Group Buying Assets for $80K
-------------------------------------------------------
Vassallo International Group, Inc., asks the U.S. Bankruptcy Court
for the District of Puerto Rico to authorize the private sale of
assets to C6 Group, LLC for $80,000.

The Debtor's Plan will be of a liquidating nature and in line
therewith, the Debtor needs to sell its existing machinery and
equipment as expeditiously as possible, inter alia, to preclude its
deterioration and be able to vacate the premises it occupies under
a lease agreement with JCGMB, Inc.

To this effect, on Dec. 21, 2016, the Debtor filed a Notice of Sale
regarding certain machinery and equipment encumbered by Vinyl
Investments, LLC, Engineered Vinyl Blends, LLC, Resin Technology,
Inc., and Heritage Puerto Rico, LLC to Industrial Gamma, S.R.L. for
$275,000.

The Debtor has received an offer from the Buyer to purchase
Debtor's assets encumbered in favor of Heritage PR for $80,000.
The Debtor proposed to sell the assets to the Buyer free and clear
of all liens and encumbrances with Heritage's lien to attach to the
proceeds of the sale, which proceeds will be deposited with the
Clerk of the Court for negotiation of a carve out with Heritage for
the Debtor's estate and disbursement of the balance to Heritage.

The Debtor must sell the assets as expeditiously as possible, in
order to maximize their value and avoid their deterioration,
particularly since Debtor is no longer in operations, the assets
will deteriorate and that the Debtor must vacate the leased
premises where they are located, as expeditiously as possible.

While there is no recent appraisal of the assets, based on the
Debtor's management expertise the purchase price offered by the
Buyer is considered to be their market value in view of their
condition, year of manufacturing and the market demand for the
nature of the assets.

Accordingly, the Debtor asks the Court to approve the proposed sale
of assets.

A copy of the list of assets to be sold and the Offer to Purchase
attached to the Motion is available for free at:

       
http://bankrupt.com/misc/Vassallo_International_85_Sales.pdf

The Purchaser can be reached at:

          C6 GROUP, LLC
          P.O. BOX 367634
          San Juan, PR 00936-7634

           About Vassallo International Group

Vassallo International Group Inc., filed a Chapter 11 petition
(Bankr. D. P.R. Case No. 16-09093) on November 16, 2016.  The
petition was signed by Rafael V. Vassallo Collazo, president.  The
Debtor is represented by Charles Alfred Cuprill-Hernandez, Esq.

The Debtor disclosed $0 million in assets and $8.4 million in
liabilities.


VINH PHAT SUPERMARKET: Court Approves Disclosure Statement
----------------------------------------------------------
Judge Christopher M. Klein of the U.S. Bankruptcy Court for the
Eastern District of California approved the small business
disclosure statement filed by Vinh Phat Supermarket, Inc.

As previously reported, under the plan, class 3-2 general unsecured
creditors will be given a distribution of 100% over 3 years. This
class will be paid a percentage of their claims over time. The
percentage will be determined based on the amount available after
all other plan payments are made. Beginning at the end of the first
quarter following the Effective Date, a minimum of 25% of the
amount general unsecured claims will be paid quarterly over four
quarters in equal installments; the remaining percentage will be
paid over no longer than a period of three years in equal quarterly
installments directly from the payments to be received by the
Debtor from the promissory note from the purchaser.

                 About Vinh Phat Supermarket

Vinh Phat Supermarket, Inc., based in Sacramento, California,
filed
a Chapter 11 petition (Bankr. E.D. Cal. Case No. 16-24672) on July
18, 2016.  The petition was signed by Eric Vong, board
member/authorized individual.  Judge Christopher M. Klein
presides
over the case.  In its petition, the Debtor estimated $500,000
to
$1 million in assets and $1 million to $10 million in liabilities.

The Debtor employs Jamie P. Dreher, Esq., at Downey Brand LLP, as
its bankruptcy counsel; and Gonzales & Sisto LLP as its accountant.


VIOLIN MEMORY: Unsecureds May Recover Up to 9.5% Under Plan
-----------------------------------------------------------
Violin Memory, Inc., and plan sponsor and VM Bidco LLC filed with
the U.S. Bankruptcy Court for the District of Delaware a disclosure
statement referring to the Debtor's plan of reorganization.

Under the Plan, all general unsecured claims held by Quantum
Partners LP, the plan sponsor affiliate, will be allowed and will
receive, in full, final and complete satisfaction, settlement,
release, and discharge of the allowed claim, 100% of the equity in
the Reorganized Debtor, with no other distribution or recovery on
the claims.

Class 4 General Unsecured Claims are impaired by the Plan and the
holders are expected to recover between [8.0]% and [9.5]%.

The reorganization of the Debtor and its estate will be implemented
by (1) the cancellation of equity interests and issuance of new
equity to the Plan Sponsor Affiliate in satisfaction of the Quantum
Claims, (2) the conversion of the DIP Facility into the DIP Tranche
of the Exit Facility, (3) creation of the Distribution Trust for
the payment of all Allowed Administrative Claims, Priority Claims,
and Secured Claims, and for the benefit of Holders of Unsecured
Claims, and (4) funding of the Distribution Trust with the
Distribution Trust Assets.

The Official Committee of Unsecured Creditors appointed in the
bankruptcy case supports the Plan and its confirmation.

The Disclosure Statement is available at:

            http://bankrupt.com/misc/deb16-12782-235.pdf

The Plan Sponsor is represented by:

     Mark D. Collins, Esq.
     Zachary I. Shapiro, Esq.
     RICHARDS, LAYTON & FINGER, P.A.
     One Rodney Square
     920 North King Street
     Wilmington, Delaware 19801
     Tel: (302) 651-7700
     E-mail: collins@rlf.com
             shapiro@rlf.com

          -- and --

     Gary T. Holtzer, Esq.
     David N. Griffiths, Esq.
     WEIL GOTSHAL & MANGES LLP
     757 Fifth Avenue
     New York, New York 10153
     Tel: (212) 310-8000
     E-mail: gary.holtzer@weil.com
             david.griffiths@weil.com

                  About Violin Memory, Inc.

Violin Memory, Inc., develops and supplies memory-based storage
systems for high-speed applications, servers and networks in the
Americas, Europe and the Asia Pacific.  Founded in 2005, the
Company is headquartered in Santa Clara, California.

Violin Memory sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Del. Case No. 16-12782) on Dec. 14, 2016.  The
petition was signed by Cory J. Sindelar, chief financial officer.

At the time of the filing, the Debtor disclosed $38.93 million in
assets and $145.4 million in liabilities.

Pillsbury Winthrop Shaw Pittman LLP serves as the Debtor's legal
counsel while Justin R. Alberto, Esq. and Scott D. Cousins, Esq.,
at Bayard, P.A., serves as co-counsel.  The Debtor has hired
Houlihan Lokey Capital, Inc., as financial advisor and investment
banker. Prime Clerk LLC serves as administrative advisor.

The U.S. Trustee, on Dec. 27, 2016, named three creditors to serve
on the official committee of unsecured creditors Wilmington Trust,
N.A., Clinton Group, Inc., and Forty Niners SC Stadium Company LC.

The Committee hires Cooley LLP as lead counsel, and Elliot
Greenleaf as its Delaware counsel.

                           *     *     *

According to Matt Chiappardi at Bankruptcy Law360, Violin Memory
told the Bankruptcy Court on Jan. 30, 2017, that a unit of major
creditor Soros Fund Management LLC put in the winning bid for its
assets with an offer valued at least $14.5 million, but it needs
more time to negotiate terms of a Chapter 11 plan sponsorship
agreement.  Violin Memory filed with the Bankruptcy Court a notice
identifying VM Bidco LLC as the winner of its three-day auction in
New York.


WALTER H. BOOTH: Wants to Continue Using Cash Until April 30
------------------------------------------------------------
Walter H. Booth Clause 4 Trust asks the U.S. Bankruptcy Court for
the District of New Hampshire for authorization to continue using
Ocwen Loan Servicing, LLC's cash collateral, from March 1, 2017 to
April 30, 2017.

The Debtor is currently authorized to use cash collateral through
February 28, 2017.

The Debtor owns a three and one-half acre parcel of land with three
buildings on the property.  The Debtor also owns an additional
parcel of unbuildable land, or a gully, which abuts the larger
property.

The Debtor contends that secured lender Ocwen Loan Servicing has a
mortgage on both parcels.  The Debtor believes that Ocwen Loan
Servicing holds a first priority lien on pre-petition cash
collateral.

The Debtor tells the Court that it needs to use cash collateral
from the rent it received to pay its post-petition obligations and
mortgage.  The Debtor further tells the Court that in order to
provide adequate protection of the security interest of Ocwen Loan
Servicing in cash collateral and to protect the interest of other
creditors, the Debtor needs to use the cash collateral.

The Debtor wants to use the income generated from its rent of
$10,200 for March 2017 and $10,200 for April 2017 as cash
collateral for monthly mortgages and expenses through April 30,
2017.

The Debtor's proposed Budget provides for total expenses in the
amount of $10,043.05 for each of the months March 2017 and April
2017.

The Debtor proposes to grant Ocwen Loan Servicing a replacement
lien on the estate's post-petition accounts receivable and its cash
proceeds, with the same priority, validity, and enforceability as
existed on the pre-petition cash collateral.

A full-text copy of the Debtor's Motion, dated February 8, 2017, is
available at
http://bankrupt.com/misc/WalterHBooth2016_1611598bah_41.pdf

A full-text copy of the Debtor's proposed Budget, dated February 8,
2017, is available at
http://bankrupt.com/misc/WalterHBooth2016_1611598bah_41_1.pdf

            About Walter H. Booth Clause 4 Trust

Walter H. Booth Clause 4 Trust filed a chapter 11 petition (Bankr.
D.N.H. Case No. 16-11598) on Nov. 16, 2016.  The petition was
signed by Stephen W. Booth, trustee.  The Debtor is represented by
Eleanor W. Dahar, Esq., at Victor W. Dahar Professional
Association.  The Debtor estimated assets and liabilities at $1
million to $10 million at the time of the filing.

The Debtor has retained Kimberly Hennessey, a certified public
accountant employed with Hennessey & Vallee, PLLC, to prepare its
tax returns and provide other services related to its Chapter 11
case.



WATERFORD FUNDING: Court to Approve Settlement With John Stone
--------------------------------------------------------------
In a memorandum decision dated Feb. 1, 2017, which is available at
https://is.gd/eh0kWD from Leagle.com, the U.S. Bankruptcy Court for
the District of Utah will approve a settlement agreement of the
adversary proceeding between Gil A. Miller, the Chapter 11 Trustee
for the Debtor, and defendant John Stone.  

The Court will deny Jaimie Baker, dba Baker Recovery Services'
motion to substitute as the plaintiff in the adversary case.  The
Court finds that BRS lacks standing to assert the claims in this
adversary proceeding.

The Chapter 11 Trustee commenced the adversary proceeding on Jan.
5, 2011, seeking to avoid and recover alleged prepetition
fraudulent transfers made to Mr. Stone in the total amount of
$106,426.27.  The Chapter 11 Trustee obtained a default judgment in
that amount against the Defendant and subsequently assigned the
judgment to BRS in October 2015.  The assignment agreement provided
that for cash consideration to be received from the buyer upon
execution of the Agreement, the Chapter 11 Trustee sells,
transfers, assigns or otherwise conveys all title, rights,
ownership and interests in the judgments to BRS.  The Chapter 11
Trustee assigns and authorizes the buyer to recover, compromise,
settle (in full or in part) and enforce the judgments at its sole
discretion.  In so doing, the buyer has all rights of the Chapter
11 Trustee and may notify the Judgment Debtors that satisfaction of
the judgments must be made through the buyer.

On Feb. 8, 2016, the defendant filed a motion to set aside the
default judgment, which BRS opposed.  After receiving briefing and
conducting two hearings on the motion, the Court granted the motion
and set aside the default judgment.  On Aug. 8, 2016, BRS filed an
amended complaint against Mr. Stone.  Although the amended
complaint omitted three claims for relief that the Chapter 11
Trustee had asserted in the original complaint -- including two
claims under Section 548 -- the two documents were substantially
similar, with the amended complaint repeating much of the language
and structure of its predecessor.  One significant change, however,
was that Mr. Baker substituted "BRS" for "the Trustee" at many
points in the amended complaint, such that BRS appeared to be the
plaintiff in the adversary proceeding.  Mr. Baker made clear in the
amended complaint that he believed that BRS became "the real party
in interest with standing to prosecute this action" through the
assignment agreement it executed with the Chapter 11 Trustee.  Mr.
Stone filed a motion to dismiss the amended complaint, arguing,
among other things, that BRS "was merely an assignee" of the
judgment against him and lacked standing to bring this lawsuit.

In an Oct. 25, 2016 hearing on the motion to dismiss, Mr. Stone
raised the issue that BRS had not taken the procedural steps
necessary to formally substitute for the Chapter 11 Trustee as the
plaintiff in the adversary proceeding.  In response, BRS filed a
motion to substitute as the plaintiff pursuant to Rule 25.  BRS
argued that substitution was proper because it became the "real
party in interest in this litigation" through the assignment
agreement.  Mr. Stone filed an objection to the motion wherein he
raised the argument that BRS could not pursue the Chapter 11
Trustee's fraudulent transfer claim.

While Mr. Stone's motion to dismiss was pending, the Chapter 11
Trustee filed a motion to approve a settlement of the adversary
proceeding with Mr. Stone.  The Chapter 11 Trustee believed that he
had the ability to settle with Mr. Stone because "the claims
alleged in the Adversary Proceeding reverted back to the Trustee
and the Debtors' estate" when the Court set aside the default
judgment.  The Chapter 11 Trustee acknowledged that Mr. Baker
"believes he is the owner of the claims asserted in the Adversary
Proceeding" and that "there is a dispute as to whether the Trustee
or Baker holds the claims asserted in the Adversary Proceeding."
BRS filed an objection to the settlement, arguing that the Chapter
11 Trustee lacked standing to settle the claims because he sold
them to BRS through the assignment agreement.

The civil proceeding is GIL A. MILLER, as Chapter 11 Trustee for
Waterford Funding, LLC, et al., Plaintiff, v. JOHN STONE,
Defendant, Case No. 11-2093 (Bankr. D. Utah).

Waterford Funding, LLC, the Debtor, is represented by James W.
Anderson, Clyde Snow & Sessions, P.C., Robert L. Brinton & Blake D.
Miller, Jones, Waldo, Holbrook & McDonough, P.C.

Gil A. Miller tr, Chapter 11 Trustee, is represented by Jeffrey M.
Armington at Dorsey & Whitney, LLP, Edwin C. Barnes, Clyde Snow
Sessions & Swenson, George B. Hofmann, Cohne Kinghorn PC, Mary
Margaret Hunt, Dorsey & Whitney LLP, Lon A. Jenkins, Dorsey &
Whitney LLP, Paul Justensen, Dorsey & Whitney, LLC, Benjamin J.
Kotter, TAB Bank Holdings, Inc., Milo Steven Marsden, Dorsey &
Whitney LLP, Nathan Seim, Dorsey and Whitney LLP, John P. Sindoni,
Hiscock & Barclay, LLP, Steven C. Strong, Cohne Kinghorn, P.C., and
Todd D. Weiler & George B. x2Hofmann, Cohne Kinghorn PC.

The U.S. Trustee is represented by James Vincent Cameron, Office of
United States Trustee & Laurie A. Cayton, U.S. Trustees Office.

The Creditors Committee is represented by J. Thomas Beckett,
Parsons Behle & Latimer & David P. Billings, FabianVanCott.

                     About Waterford Funding

Based in Salt Lake City, Utah, Waterford Funding, LLC --
http://www.waterfordfunding.com/-- specialized in solving the     

short-term cash flow problems of new, early-stage and established
commercial enterprises through real-estate based loans.  Waterford
Funding and Waterford Loan Fund filed for Chapter 11 bankruptcy
(Bankr. D. Utah Case No. 09-22584 and 09-22583) on March 20, 2009.

James W. Anderson, Esq., at Miller Guymon, PC, served as the
Debtors' counsel.  Waterford Loan Fund's petition estimated
$1 million to $10 million in assets, and $50 million to
$100 million in debts.

Affiliates Waterford Services LLC, Waterford Candwich LLC,
Waterford Perdido LLC, and Investment Recovery, L.C., also sought
Chapter 11 protection.

On Jan. 5, 2010, the Court approved the resignation of Daniel A.
Scarlet as Chief Restructuring Officer and the appointment of Gil
A. Miller as the Chapter 11 Trustee.

In January 2011, the Bankruptcy Court granted the Chapter 11
Trustee's request for substantive consolidation as of March 20,
2009, of the Debtors' cases.

The Chapter 11 Trustee is represented by Peggy Hunt, Esq., Benjamin
J. Kotter, Esq., AND Paul J. Justensen, Esq., at Dorsey & Whitney
LLP, in Salt Lake City, Utah.


WCI COMMUNITIES: Moody's Withdraws B3 Corporate Family Rating
-------------------------------------------------------------
Moody's Investors Service upgraded the rating on $250 million
6.875% senior unsecured notes due 2021 of WCI Communities, Inc.,
the co-borrower for which is Lennar Corporation. Moody's withdrew
the following ratings of WCI: B3 Corporate Family Ratings (CFR),
B3-PD Probability of Default Rating (PDR), and SGL-2 speculative
grade liquidity rating. There is no rating outlook for WCI.

This rating action concludes the review for upgrade that commenced
on September 22, 2016, following WCI's announcement that it had
entered into a definitive merger agreement with Lennar (Ba1,
stable), whereby Lennar would acquire WCI. On February 10, 2017,
Lennar completed the acquisition of WCI, whereby WCI became a
wholly-owned subsidiary of Lennar and Lennar became a co-issuer of
WCI's existing $250 million 6.875% senior unsecured notes due
2021.

The following rating actions were taken:

Issuer: WCI Communities, Inc. and Lennar Corporation, as
co-issuers:

$250 million 6.875% senior unsecured notes due 2021, upgraded to
Ba1 (LGD4) from B3 (LGD4).

Issuer: WCI Communities, Inc.:

B3 Corporate Family Rating, withdrawn;

B3-PD Probability of Default Rating, withdrawn;

SGL-2 speculative grade liquidity rating, withdrawn;

The issuer has no rating outlook.

RATINGS RATIONALE

Moody's upgraded the rating on $250 million 6.875% senior unsecured
notes due 2021 to Ba1 from B3, reflective of the credit support
provided by Lennar (which has a Ba1 CFR) as the latter became a
co-issuer of this debt, and jointly and severely assumed the
obligation with WCI. The Ba1 rating on this issue of senior
unsecured notes is consistent with the rating of all Lennar's
existing senior unsecured notes. WCI's CFR, PDR and SGL rating were
withdrawn given the completion of the acquisition of the company by
Lennar.

The principal methodology used in these ratings was Homebuilding
And Property Development Industry published in April 2015.

WCI Communities, Inc., headquartered in Bonita Springs, is a
Florida-based homebuilder and a developer of master planned
communities. The company focuses on move-up, second home and active
adult buyers, and operates three business segments, including
Homebuilding, Real Estate Services (brokerage and title services),
and Amenities within its communities. In 2015, the company's
average home selling prices reached $466,000. In the last twelve
months ending September 30, 2016, WCI generated approximately $657
million in revenues.

Founded in 1954 and headquartered in Miami, Florida, Lennar
Corporation ("Lennar") is one of the country's largest
homebuilders. The company operates in 17 states and specializes in
the sale of single-family homes for first-time, move-up, and active
adult buyers under the Lennar brand name. Lennar's Financial
Services segment provides mortgage financing, title insurance and
closing services for both buyers of the company's homes and others.
Lennar's Rialto segment is a vertically integrated asset management
platform focused on investing throughout the commercial real estate
capital structure. Lennar's Multifamily segment is a national
developer of multifamily rental properties. Total company revenues
were approximately $10.95 billion, and total consolidated net
income was $912 million for the fiscal year that ended November 30,
2016.


WEATHERFORD INTERNATIONAL: Capital World Reports 9.2% Stake
-----------------------------------------------------------
Capital World Investors disclosed in an amended Schedule 13G filed
with the Securities and Exchange Commission that as of Dec. 30,
2016, it beneficially owns 90,217,846 common shares of
Weatherford International plc representing 9.2 percent of the
980,978,754 shares believed to be outstanding.  A full-text copy of
the regulatory filing is available for free at:

                      https://is.gd/V1xdWo

                        About Weatherford

Ireland-based Weatherford International plc (NYSE: WFT) --
http://www.weatherford.com/-- is one of the largest multinational
oilfield service companies providing innovative solutions,
technology and services to the oil and gas industry.  The Company
operates in over 100 countries and has a network of approximately
1,000 locations, including manufacturing, service, research and
development, and training facilities and employs approximately
31,000 people.  

As of Sept. 30, 2016, Weatherford had $12.63 billion in total
assets, $10.25 billion in total liabilities and $2.38 billion in
total shareholders' equity.

Weatherford reported a net loss attributable to the Company of
$1.98 billion for the year ended Dec. 31, 2015, following a net
loss of attributable to the Company of $584 million for the year
ended Dec. 31, 2014.

                         *     *     *

In November 2016, Fitch Ratings has downgraded the ratings for
Weatherford and its subsidiaries, including the companies'
Long-Term Issuer Default Ratings (IDRs) to 'CCC' from 'B+'.

In November 2016, S&P Global Ratings lowered its corporate credit
rating on Weatherford International to 'B+' from 'BB-'.  "The
downgrade reflects our revised free operating cash flow estimates
for Weatherford following weaker-than-anticipated cash inflows in
the third quarter," said S&P Global Ratings credit analyst Carin
Dehne-Kiley.


WEATHERFORD INTERNATIONAL: Files $2.5 Billion Prospectus with SEC
-----------------------------------------------------------------
Weatherford International public limited company filed with the
Securities and Exchange Commission a registration statement on From
S-3 containing two prospectuses:

   * an indeterminate number of ordinary shares of Weatherford
     Ireland, options to purchase ordinary shares of Weatherford
     Ireland, warrants to purchase ordinary shares of Weatherford
     Ireland, debt securities of Weatherford Bermuda (and related
     guarantees of Weatherford Ireland and Weatherford Delaware)
     and debt securities of Weatherford Delaware (and related
     guarantees of Weatherford Ireland and Weatherford Bermuda),
     as may from time to time be issued, provided such issuances
     shall have an aggregate initial offering price not to exceed  

     $2,000,000,000; and

   * a warrant exercise prospectus for the offering, issuance and
     sale of up to 84,500,000 ordinary shares of the Company
     pursuant to the exercise of a warrant to purchase the
     Company's ordinary shares outstanding on Feb. 13, 2017.

The prospectus describes some of the general terms that may apply
to these securities and the general manner in which they may be
offered.  The specific terms of any securities to be offered, and
the specific manner in which they may be offered, will be described
in a supplement to this prospectus.

The ordinary shares of Weatherford Ireland are traded under the
symbol "WFT" on the New York Stock Exchange.

A full-text copy of the Registration Statement is available at the
SEC's website at https://is.gd/rS5Sly

                     About Weatherford

Ireland-based Weatherford International plc (NYSE: WFT) --
http://www.weatherford.com/-- is one of the largest multinational
oilfield service companies providing innovative solutions,
technology and services to the oil and gas industry.  The Company
operates in over 100 countries and has a network of approximately
1,000 locations, including manufacturing, service, research and
development, and training facilities and employs approximately
31,000 people.  

As of Sept. 30, 2016, Weatherford had $12.63 billion in total
assets, $10.25 billion in total liabilities and $2.38 billion in
total shareholders' equity.

Weatherford reported a net loss attributable to the Company of
$1.98 billion for the year ended Dec. 31, 2015, following a net
loss of attributable to the Company of $584 million for the year
ended Dec. 31, 2014.

                         *     *     *

In November 2016, Fitch Ratings has downgraded the ratings for
Weatherford and its subsidiaries, including the companies'
Long-Term Issuer Default Ratings (IDRs) to 'CCC' from 'B+'.

In November 2016, S&P Global Ratings lowered its corporate credit
rating on Weatherford International to 'B+' from 'BB-'.  "The
downgrade reflects our revised free operating cash flow estimates
for Weatherford following weaker-than-anticipated cash inflows in
the third quarter," said S&P Global Ratings credit analyst Carin
Dehne-Kiley.


WELLMAN DYNAMICS: Huntington Bank to Provide $30MM Exit Financing
-----------------------------------------------------------------
Wellman Dynamics Corporation filed with the U.S. Bankruptcy Court
for the Southern District of Iowa a first amended disclosure
statement dated February 2017, referring to the Debtor's plan of
reorganization.

Class 14a Contingent Unfunded Benefit Liabilities Claim payable to
the Pension Benefit Guaranty Corporation will be paid $538,828.  If
the Pension Plan is terminated as of the Effective Date and the
Effective Date occurs, the Class 14a Claim will be paid in full to
PBGC.  If the Pension Plan is not terminated as of the Effective
Date, the Class 14a Claim will be deemed withdrawn and the PBGC
will receive no dividend under the Plan for the Class 14a Claim.
The Class is impaired by the Plan.

The principal vehicle for implementation of the Plan will be
retirement of the TCTM Financial FS LLC Credit Facility, with it
being replaced by the New Senior Secured Credit Facility, secured
by the assets of Fansteel Inc., WDC and WDMA.  Additionally, the
Debtor's exit financing strategy will include New Value Equity
Investment Cash for the benefit of all three bankruptcy estates.
Any Unclassified Claims or Classified Claims that are not allowed
as of the Effective Date, but become allowed claims pursuant to a
final court order after the Effective Date, will be promptly paid
after the Effective Date and after they have become allowed claims
by final court order.

Fansteel's inter-company debt of $32,106,036 owed to WDC will be
converted into WDC's 100% equity ownership of Fansteel.  All prior
equity interests in Fansteel will be cancelled on the Effective
Date.  The $4,000,000 of the 510 Ocean Drive Claim in Fansteel will
be converted into a corresponding amount of Equity in WDC.

The Debtor will receive a corresponding share of the New Senior
Secured Credit Facility to facilitate meeting its payment
obligations under the Plan on the Effective Date.

The Debtors have identified The Huntington National Bank to provide
its New Senior Secured Credit Facility.  Huntington Bank will
provide the Debtors with $30,000,000 in exit financing and for
working capital and other general corporate purposes including
letters of credit on or before the Effective Date.  The Term Sheet
reflects a bona fide offer already approved by Huntington Bank's
loan committee and the Term Sheet will be memorialized in a
commitment letter the week of Feb. 20, 2017, which will include
signatures of the Debtor and bank representatives and an initial
payment to begin due diligence.

The Debtor will receive a corresponding share of the New Value
Equity Investment Cash to facilitate meeting its payment
obligations under the Plan on the Effective Date.

510 Ocean Drive has committed to providing the New Value Equity
Investment Cash.

510 Ocean Drive is an entity in which Leonard Levie and Brian
Cassady used to purchase a debt obligation from the PBGC from the
Debtors' first bankruptcy in 2003.  The PBGC had a lien against all
of the property, plant, and equipment of Intercast.  The debt note
had a face value that was in excess of the property, plant, and
equipment at Intercast.  When the debt note that was purchased by
510 Ocean Drive became due, Fansteel was unable to pay it.  As
forbearance for the owners of the note not foreclosing the debt on
Intercast, 510 Ocean Drive asked for improved security and at that
time, a lien was placed against the property in Creston, Iowa.
Because Fifth Third Bank did not perfect its lien on the Creston
property, 510 Ocean Drive became the first and senior secured lien
holder on the Creston property.  Shortly after 510 Ocean Drive
perfected its lien on the Creston property, William Beiber
domesticated his lien interest on the Creston property and became
the second secured lien holder on the Creston property, followed by
Fifth Third Bank's interest.

The First Amended Disclosure Statement is available at:

           http://bankrupt.com/misc/iasb16-01825-92.pdf

As reported by the Troubled Company Reporter on Jan. 19, 2017, the
Debtor filed with the Court a disclosure statement dated Jan. 11,
2017, referring to the Debtor's plan of reorganization dated Jan.
11, 2017.  Each holder of Class 13 Allowed General Unsecured Claims
-- estimated to total $6,398,440 -- will receive a dividend, in
cash, in deferred quarterly payments, with the first payment being
on the Effective Date, and subsequent payments within 90 days
thereafter, for a period not to exceed five years from and after
the Effective Date, unless claim holders elect to receive 30% of
their allowed claim paid in cash on the Effective Date in complete
satisfaction of their allowed claim.

                  About Wellman Dynamics Corp.

Headquartered in Creston, Iowa, Wellman Dynamics Corporation
produces highly complex precision aluminum and magnesium sand
castings for the aerospace and defense industries.  Its largest
casting weighs approximately 630 pounds and its most complex
casting requires a mold that is hand assembled from 125 individual
intricate components, virtually all of which are designed and
manufactured in-house.  The Debtor owns the only molds for 79% of
its products.  In some cases, although another tool exists, the
Debtor is still the sole source on 94% of its castings.  Every U.S.
military helicopter program relies upon the Debtor's castings
produced in Creston, Iowa.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. S.D.
Iowa Case No. 16-01825) on Sept. 13, 2016.  Judge Anita L. Shodeen
presides over the case.

The Debtor's counsel is Jeffrey D. Goetz, Esq., and Krystal R.
Mikkilineni, Esq., at Bradshaw, Fowler, Proctor & Fairgrave, P.C.,
in Des Moines, Indiana.


WGC INC: Baron Buying Reno Property for $500K
---------------------------------------------
WGC, Inc., and HMF Golf, Inc., ask the U.S. Bankruptcy Court for
the Western District of Pennsylvania to authorize the sale of HMF's
real property located at 314 Chestnut Street, Reno, Pennsylvania,
including but not limited to the golf course real estate, 18 hole
golf course of the Wanango Golf Club and all buildings and
improvements thereon, including the clubhouse, pro shop building,
and equipment building; and WGC's assets, to Baron, Inc. or its
assigns for $500,000, subject to overbid.

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

HMF owns the Real Property.

WGC operates the Wanango Golf Club and related concessions at
Wanango Golf Club, and owns the associated personalty.

The Debtors received an offer under a Purchase Agreement from the
Buyer to purchase the HMF's Real Property.  The Agreement also
covers the Buyer's purchase of the following assets from WGC: all
assets (tangible and intangible), including all of the rights,
titles, ownership interests, naming rights, copyrights, software,
fixtures, furniture, electronic equipment (phone, television,
security system, music system), equipment, supplies, and inventory
owned by the Debtor, including all personal property owned by the
Debtor and used in connection with the operation of the golf
course, restaurant, lounge and/or pro shop, including but not
limited to the 2017 membership dues, liquor license, flags, pins,
mowers, irrigation system, tees, fairways and rough ("Assets").

The parties that have asserted interests, claims or encumbrances
against the Debtors which may extend to the property to be sold
are:

           a. Northwest Bank holds secured claim and lien against
the Debtors' Real Property and Assets by virtue of an Open-End
Mortgage and Security Agreement in favor of Northwest Savings Bank,
dated and recorded on May 1, 2009 in the Venango County Court of
Common Pleas.  According to its Proofs of Claim, the amount due to
the Bank is approximately $436,301.

           b. SEDA-COG Local Development Corp. holds secured claim
and lien against the Debtors' Real Property and Assets by virtue of
a Mortgage dated Aug. 31, 2010 in the amount of $328,000 recorded
at Venango County Record Book 589, Page 776, assigned to the U.S.
Small Business Administration on Sept. 1, 2010 at Record Book 589,
Page 786.  SEDA-COG also holds an Assignment of Rents dated Aug.
31, 2010 based upon a Commercial Lease Agreement between HMF and
WGC recorded at Record Book 589, Page 792.

           c. In addition to the Mortgage lien against the Real
Property as described in the preceding paragraph, the United States
Small Business Administration holds a UCC-1 Financing Statement as
a secured party on the Debtor's personal property recorded with the
Pennsylvania Secretary of State at Financing Statement No.
2010082705702 on Aug. 27, 2010 and continued at Financial Statement
No. 2015061001236 on June 5, 2015.

           d. Michael F. Hughes and Joyce I. Hughes hold a Mortgage
against the Real Property in the original amount of $170,397,
recorded July 1, 2011 at Venango County Record Book 623, Page 347.

           e. There are unpaid real estate taxes due to the
Township of Cornplanter in the amount of at least $207.

           f. There are unpaid real estate taxes due to the City of
Oil City in the amount of at least $382.

           g. There are unpaid real estate taxes due to the Borough
of Sugarcreek in the amount of approximately $30,394.

           h. The United States Internal Revenue Service holds a
secured claim against WGC in the amount of $251,876 (Proof of Claim
No. 3 in Case No. 16-10347).  There are Federal Tax Liens recorded
against WGC in Venango County on June 15, 2015 at Case No.
2015-00741 in the amount of $188,402 and on Feb. 12, 2016 at Case
No. 2016-00139 in the amount of $24,878.

           i. The Pennsylvania Department of Revenue holds a
secured claim against WGC in the amount of $6,561 (Proof of Claim
No. 2 in Case No. 16-10347).  There was a judgment filed against
WGC on Aug. 24, 2016 in Venango County at Case No. 2016-00877 in
the amount of $4,981 for sales and employer taxes for the third
quarter of 2015.

           j. The Pennsylvania Department of Labor & Industry holds
a secured claim against WGC in the amount of $65,018 (Proof of
Claim No. 1 in Case No. 16-10347).  There were judgments entered
against WGC in Venango County on May 12, 2015 in the amount of
$49,345 at Case No. 2015-00588 for employer withholding taxes due
from 2015--2014; on July 17, 2014 in the amount of $11,667 at Case
No. 2014-00818 for unemployment compensation fund taxes; on
February 11, 2016 in the amount of $11,580 at Case No. 2016-00131
for 2015 unemployment compensation fund taxes; and, on May 3, 2016
in the amount of $1,725 at Case No. 2016-00462 for unemployment
compensation fund taxes.

           k. Wells Fargo Bank, NA allegedly holds a secured claim
against the Real Property in the amount of $261,712.  Wells Fargo
has not yet filed a proof of claim in either case.

           l. Todd McLaughlin is an equity security interest
holder.

           m. Steve Shingledecker is an equity security interest
holder.

           n. Matthew Hart is an equity security interest holder.

           o. Frances Fitzgerald is an equity security interest
holder.

The closing will be held on March 31, 2017.  Notwithstanding the
foregoing, upon reasonable notice to the Debtors, the Buyer may
elect to close sooner at any time after the Order approving the
sale of the Real Property and Assets becomes a final and
non-appealable Order.  The Buyer has deposited $25,000 with Brian
C. Thompson, counsel to the Debtors, which has been placed in his
firm's escrow account.  The Hand Money will be applicable to the
purchase price at closing.

The Debtors and the Buyer will evenly divide responsibility of
payment (50% paid by the Debtor and 50% paid by the Buyer) of any
applicable realty transfer stamps tax, unless the sale of the Real
Property will be exempt from realty transfer stamps tax pursuant to
Bankruptcy Code Section 1146(c).  Also, the real estate taxes will
be prorated as of the closing date for the calendar year in which
the closing date occurs based upon real estate taxes levied in that
year by each taxing body.  The other costs of sale, including
attorney fees as may be approved by the Court, after notice and
hearing on application, will be paid in advance of any distribution
to creditors.

Administrative expenses for the Debtors' attorney fees to Thompson
Law Group, P.C. in the approximate amount of $25,000, and
accountant fees to Richard & Associates in the approximate amount
of $17,650, are to be paid as a carve-out of the proceeds paid to
Wells Fargo under the Debtors' Chapter 11 Plan.  And, to the extent
necessary, any attorney's fees to Thompson Law not paid as a
carve-out from Wells Fargo are to be paid as a carve-out of the
proceeds paid to Northwest Savings Bank under the Debtors' Chapter
11 Plans, as per agreement.  In the alternative, said
administrative expenses are to be paid by virtue of 11 U.S.C.
Section 506(c).

Additionally, the proposed Bidding Procedures are intended to
provide for an open and fair auction of the Real Property and
Assets which will help to ensure an arm's-length, goodfaith sale.
The Bidding Procedures are intended to encourage competitive
bidding.

The Debtors have already filed a motion to approve Bidding
Procedures.  The Bid Procedures Motion, if and when approved, and
the Order of Court approving Bidding Procedures and other matters
related to the sale process, will be posted on the Court's EASI
website at www.pawb.uscourts.gov.

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

            http://bankrupt.com/misc/WGC_Inc_181_Sales.pdf

The Debtors ask the Court to approve the (i) proposed sale of Real
Property and Assets free and clear of any liens, claims and
encumbrances; (ii) assumption and assignment of executory contracts
and unexpired leases of the Debtor, including the Commercial Lease
Agreement between HMF and WGC, for assignment to the Buyer or other
Successful Bidder; and authorize the Estates to retain the net sale
proceeds pending further Order of Court.

The Purchaser is represented by:

          Guy C. Fustine, Esq.
          KNOX MCLAUGHLIN GORNALL & SENNETT, P.C.
          120 West Tenth Street
          Erie, PA 16501

                         About WGC, Inc.

WGC, Inc., filed a Chapter 11 petition (Bankr. W.D. Pa. Case No.
16-10347) on April 13, 2016.  The petition was signed by Steven
Shingledecker, general manager.

The Debtor is represented by Brian C. Thompson, Esq., at Thompson
Law Group, P.C.  The case is assigned to Judge Thomas P. Agresti.

The Debtor estimated assets of $0 to $50,000 and debts of $1
million to $10 million.


WK CAPITAL: Court OKs $400,000 INTRUST Bank DIP Loan
----------------------------------------------------
Judge Robert E. Nugent of the U.S. Bankruptcy Court for the
District of Kansas authorized WK Capital Enterprises, Inc. to
obtain post-petition financing from INTRUST Bank, N.A., and use
cash collateral on an interim basis.

The Debtors owe INTRUST Bank approximately $20,000,000.  INTRUST
Bank has a perfected security interest in the pre-petition
collateral.

The Debtors were authorized to enter into the DIP Financing
Agreement with INTRUST Bank for the amount of $400,000.  The
Debtors were also authorized to use cash collateral and the
proceeds of the DIP Loan for working capital, general corporate
purposes, and the payment of bankruptcy-related expenses.

INTRUST Bank was granted a post-petition claim jointly and
severally against the Debtors' estates, for any post-petition
diminution in value of INTRUST Bank's interest in the Pre-Petition
Collateral.  The Adequate Protection Claim and any and all
post-petition obligations of the Debtors to INTRUST Bank will be
allowed administrative expenses of the Debtors' estates, jointly
and severally, which will have priority int payment over any other
indebtedness and/or obligations of INTRUST Bank, and over all
administrative expenses or charges against property arising in the
Debtors' chapter 11 cases or any superseding Chapter 7 cases.

INTRUST Bank was granted a valid, binding and enforceable lien,
mortgage and/or security interest in all of the Operating Entities'
presently owned or after-acquired property and assets, including
Chapter 5 causes of action.

Notwithstanding INTRUST Bank's pre-petition and post-petition
claims and liens, Judge Nugent authorized the Debtors to pay:

     (a) the statutory fees of the United States Trustee, any
unpaid fees due and owing to the Clerk of the Court, and interest
due thereon;

     (b) the allowed fees and expenses of the professionals
retained by the Debtors whose retentions are approved pursuant to
Final Orders of the Court in the aggregate amount not to exceed
$130,000 to the Hinkle Law Firm LLC and Forker Suter, LLC, incurred
during the pendency of the case;

     (c) the allowed fees and expenses of the professionals
retained by the Official Committee of Unsecured Creditors, and the
reasonable expenses of members of the Official Committee, in an
aggregate amount not to exceed $25,000, incurred during the
pendency of the case; and

     (d) the fees and expenses of the Debtors' Professionals and
the Official Committee's Professionals, whether allowed on an
interim or final basis, incurred prior to the earlier to occur of
the giving of a Default Notice or the occurrence of the Expiration
Date.

A full-text copy of the Interim Order, dated February 8, 2017, is
available at
http://bankrupt.com/misc/WKCapital2017_1710073_106.pdf

INTRUST Bank, N.A. is represented by:

          William B. Sorensen, Jr., Esq.
          MORRIS LAING EVANS BROCK & KENNEDY, CHTD.
          300 North Mead, Suite 200
          Wichita, KS 67202
          Telephone: (316) 262-5991
          Email: Wsorensen@morrislainge.com

              About WK Capital Enterprises, Inc.

WK Capital Enterprises, Inc., and its subsidiaries Capital Pizza
Huts, Inc., Capital Pizza Huts of Vermont, Inc., Capital Pizza of
New Hampshire, Inc. are operators of 56 Pizza Hut restaurants in
six states.  The central business office location for the operation
of the 56 restaurants is at 3445 North Webb Road, Wichita Kansas.

WK Capital Enterprises, and its three units sought Chapter 11
protection (Bankr. D. Kan. Case Nos.  17-10073 to 17-10076) on Jan.
23, 2017.  The petitions were signed by Kenneth Jay Wagnon,
president.  The Debtors are represented by Edward J. Nazar, Esq.,
at Hinkle Law Firm, L.L.C, and Dan W. Forker, Jr., Esq., at Forker,
Suter, Robinson & Bell LLC.  The case is assigned to Judge Robert
E. Nugent.

No trustee has been appointed and the Debtors remain in
possession.

WK Capital disclosed $1.82 million in total assets and $19.52
million in liabilities.

The 11 U.S.C. Sec. 341 meeting of creditors is initially set for
Feb. 17, 2017.



WOW ORTHODONTICS: Disclosure Statement Hearing Set for March 21
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Tennessee is
set to hold a hearing on March 21, at 9:00 a.m., to consider
approval of the disclosure statement, which explains the Chapter 11
plan of reorganization of WOW Orthodontics Inc.

The hearing will take place at Customs House, Courtroom 3, Second
Floor, 701 Broadway, Nashville, Tennessee.  Objections are due by
March 13.

                      About WOW Orthodontics

WOW Orthodontics Inc. sought protection under Chapter 11 of the
Bankruptcy Code in the U.S. Bankruptcy Court for the Middle
District of Tennessee (Nashville) (Bankr. M.D. Tenn., Case No.
16-00626) on February 1, 2016. The petition was signed by Wendy
Oakes Wilhelm, owner.

The case is assigned to Judge Marian Harrison.  The Debtor is
represented by Elliott Warner Jones, Esq., at Emerge Law Plc.

The Debtor estimated assets of $500,000 to $1 million and debts of
$1 million to $10 million.

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

On February 7, 2017, the Debtor filed a Chapter 11 plan of
reorganization and disclosure statement.


YRC WORLDWIDE: Joins Stifel 2017 Transportation Conference
----------------------------------------------------------
YRC Worldwide Inc. presented at the Stifel 2017 Transportation &
Logistics Conference in Key Biscayne, Florida on Feb. 15, 2017.

The Company disclosed at the presentation that it has reduced its
debt obligations by $351 million and cash interest payments by
approximately $40 million per year since 2013.  

For the last six years, YRCW operating companies have received
awards from Walmart for outstanding service; Holland and Reddaway
were named by Toyota in 2015 as their LTL logistics partners of the
year; and New Penn and Holland received Quest of Quality awards in
2016 from Logistics Management magazine.

The Company said it has no near-term debt maturities; after several
years of curtailing investment in the business, capital spending
has resumed; and since 2015, it has taken delivery of more than
2,000 new tractors and 4,000 net trailers.

The Company plans to continue investing back into the business
through combined purchasing and leasing to enhance shareholder
value.  

A copy of the materials used at the conference is available for
free at
https://is.gd/27sRmI

                    About YRC Worldwide

Headquartered in Overland Park, Kan., YRC Worldwide Inc. (NASDAQ:
YRCW) -- http://www.yrcw.com/-- is a holding company that offers  

its customers a wide range of transportation services.  These
services include global, national and regional transportation as
well as logistics.

YRC Worldwide reported net income of $21.5 million for the year
ended Dec. 31, 2016, compared to net income of $700,000 for the
year ended Dec. 31, 2015.  As of Dec. 31, 2016, YRC Worldwide had
$1.77 billion in total assets, $2.18 billion in total liabilities
and a total shareholders' deficit of $416.2 million.

As of Dec. 31, 2016, the Company's Standard & Poor's Corporate
Family Rating was "B-" with a stable outlook and Moody's Investor
Service Corporate Family Rating was "B3" with a stable outlook.

                          *   *    *

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


YRC WORLDWIDE: Masters Capital Ceases to be 5% Shareholder
----------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Masters Capital Management, LLC and Michael Masters
disclosed that as of Dec. 31, 2016, they beneficially own
1,500,000 shares of common stock of YRC Worldwide Inc. representing
4.51 percent of the shares outstanding.  A full-text copy of the
regulatory filing is available for free at:

                    https://is.gd/KUayj7

                    About YRC Worldwide

Headquartered in Overland Park, Kan., YRC Worldwide Inc. (NASDAQ:
YRCW) -- http://www.yrcw.com/-- is a holding company that offers  

its customers a wide range of transportation services.  These
services include global, national and regional transportation as
well as logistics.

YRC Worldwide reported net income of $21.5 million for the year
ended Dec. 31, 2016, compared to net income of $700,000 for the
year ended Dec. 31, 2015.  As of Dec. 31, 2016, YRC Worldwide had
$1.77 billion in total assets, $2.18 billion in total liabilities
and a total shareholders' deficit of $416.2 million.

As of Dec. 31, 2016, the Company's Standard & Poor's Corporate
Family Rating was "B-" with a stable outlook and Moody's Investor
Service Corporate Family Rating was "B3" with a stable outlook.

                          *   *    *

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


                            *********

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S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
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