TCR_Public/170306.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Monday, March 6, 2017, Vol. 21, No. 64

                            Headlines

215 HEMPSTEAD: Taps Berger Fischoff as Legal Counsel
23 FARMS: Regions Bank Consents to Use of Cash Collateral
3324 N. CLARK: Sale of Chicago Property to Meta for $1.6M Approved
4 ACES BINGO: Revises Provisions on Treatment of GB&TC Claim
477 WEST: Upper Group Files Plan Proposing to Sell NY Property

611 COMMERCIAL: Taps Michael Baxter as Real Estate Broker
7 BAY CORP: Liquidating Trustee to be Appointed Under Plan
925 DAMEN: Sale of Chicago Property for $580K Approved
ABENGOA BIOENERGY: Unsecureds to Get 30.7% Under 3rd Amended Plan
ACHAOGEN INC: Promotes Blake Wise to President and COO

ACI WORLDWIDE: S&P Alters Outlook to Stable & Affirms BB- Rating
AGESONG GENESIS: Petitioning Creditors Seek Trustee Appointment
ALGODON WINES: Sells 342,986 Shares; $1.2 million Promissory Notes
ANSWERS HOLDINGS: Case Summary & 30 Largest Unsecured Creditors
ARAMARK SERVICES: Moody's Rates Secured Bank Loans 'Ba1'

ARAMARK: S&P Raises CCR to 'BB+' on Improved Credit Ratios
ARCTIC GLACIER: S&P Assigns 'B-' CCR; Outlook Stable
ATHANAS FENCE: Taps Cohen & Krol as Legal Counsel
ATIF INC: Case Summary & 20 Largest Unsecured Creditors
AVAYA INC: Wants to Let Go of 10-Year Lease for 49ers

AXIOS LOGISTICS: Wants U.S. Recognition of Canadian Receivership
BCBG MAX: March 9 Meeting Set to Form Creditors' Panel
BERGEN PLAZA: Daibes Buying Fairview Commercial Property for $3.6M
BERNARD L. MADOFF: Former Employee Must Return $1.1 Million
BIOPLANET CORP: Hearing on Cash Collateral Use Continued to March 8

BIOSCRIP INC: Camber Capital Has 8.65% Equity Stake as of Dec. 31
BIOSCRIP INC: North Tide Has 7.2% Equity Stake as of Dec. 31
BIOSCRIP INC: Philip Hempleman Reports 5.4% Stake as of Dec. 31
BIOSTAGE INC: Anson Funds et al. Cease to be 5% Shareholders
BONANZA CREEK: Barclays Reports 6% Equity Stake as of Dec. 31

BONANZA CREEK: Hutchin Hill et al. Have 8.3% Stake as of Dec. 31
BRAS TRADING: Engineering Firm Files for Chapter 7 Bankruptcy
BUFFETS LLC: Unsecureds to Recover 10% Under Amended Plan
BULOVA TECHNOLOGIES: Delays Filing of Dec. 31 Form 10-Q
C & D PRODUCE: Intends to File Plan of Reorganization by May 16

CAPITAL CONSTRUCTION: Case Summary & 2 Unsecured Creditors
CAPITAL TRANSPORTATION: Seeks to Hire Chartwell as Claims Counsel
CAR CHARGING: Horton Capital Reports 6.7% Stake as of Dec. 31
CAR CHARGING: Wolverine et al. Have 7.7% Stake as of Dec. 31
CARVER BANCORP: Appoints CEO, Boards of Directors

CARVER BANCORP: Expects to File Form 10-Q within Extension Period
CATASYS INC: Reports 2016 Net Loss of $17.9 Million
CHANNEL TECHNOLOGIES: Sonatech Buying Property for $329K
CHINACAST EDUCATION: Taps HK-Based Norton Rose as Counsel
CICERO INC: Privet Fund Director Designee Quits from Board

CIVIC PARTNERS: Wants to Use Northwest Bank's Cash Collateral
CLARK-CUTLER-MCDERMOTT: GM to Recoup Nothing for Unsecured Claims
CLIFFS NATURAL: Christopher Cebula Assumes Controller & CAO Posts
CLIFFS NATURAL: Enters Into 5.75% Senior Notes Indenture
COBALT INTERNATIONAL: Paulson & Co. Has 7.45% Stake as of Dec. 31

COBALT INTERNATIONAL: Receives Noncompliance Notice from NYSE
COCOA EXPO: Has Preliminary OK to Use Cash Collateral; Bank Objects
COMMSCOPE HOLDING: Moody's Hikes Corporate Family Rating to Ba2
COMMSCOPE HOLDING: S&P Rates $750MM Unsecured Notes 'BB-'
COSI INC: Trishield Special et al. Cease to be Shareholders

COVANTA HOLDING: Moody's Assigns Ba3 Rating to $400MM Unsec. Notes
COVANTA HOLDING: S&P Rates New $400MM Sr. Unsecured Notes 'B'
CTI BIOPHARMA: Appoints Adam Craig as CEO
CTI BIOPHARMA: Has $22.6-Mil. Net Fin'l Standing as of Jan. 31
CUMULUS MEDIA: U.S. Judge Rejects Refinancing Plan

CYRUSONE LP: S&P Assigns 'BB' Rating on Proposed $450MM Sr. Notes
DAKOTA PLAINS: North Star Partners Ceases to be 5% Shareholder
DELCATH SYSTEMS: Renaissance Holds 7.29% Stake as of Dec. 31
DEVICE TECHNOLOGY: Moody's Assigns Ba2 Corporate Family Rating
DEWEY & LEBOEUF: Former Director Gets Star Witness' Plea Deal

DIGNITY & MERCY: Seeks to Hire Myles CPA Firm as Accountant
DIGNITY & MERCY: Taps O'Brien Law Firm as Legal Counsel
DIOCESE OF NEW ULM: Case Summary & 19 Largest Unsecured Creditors
DISTRIBUTION INTERNATIONAL: S&P Lowers CCR to 'CCC+'
DYNEGY INC: Posts Net Loss of $1.24 Billion for 2016

E. ALLEN REEVES: Taps Ciardi Ciardi & Astin as Legal Counsel
EAGAN AVENATTI: Involuntary Chapter 11 Case Summary
EAST COAST FOODS: Wants OK for Hope & IRS Cash Collateral Use Pacts
EASTERN OUTFITTERS: CVS Pharmacy Objects to Bid Procedures
EFT HOLDINGS: Will File Dec. 31 Form 10-Q Within Extension Period

EIDOLON BRANDS: Taps JND Corporate as Solicitation Agent
ENERGY FUTURE: Says IRS' Proofs of Claim Need to be Amended
ENRON CORP: Suit Against UBS Units Over Fraud Involvement Junked
EPICENTER PARTNERS: CPF to Contribute $1.7-Mil. to Fund Plan
ESPLANADE HL: May Use First Midwest's Collateral Until March 19

ESSAR STEEL: Mediation Scheduled Later This Month
EVANS & SUTHERLAND: Peter Kellogg Owns 33% Stake as of Dec. 30
EXTREME PLASTICS: Court Extends Plan Filing Deadline Until April 28
FLORIDA EAR: Wants To Use JPMorgan & Dr. Silverstein's Collateral
FORESIGHT ENERGY: Accipiter Holds 11.9% of Interests as of Dec. 31

FORESIGHT ENERGY: FMR LLC No Longer Owns Common Shares
FORESIGHT ENERGY: Moody's Hikes Corporate Family Rating to B3
FOREST PARK FORT WORTH: Vintage Medical Objects to Disclosures
FOREST PARK FORT WORTH: Whitaker Chalk Represents KR Medical, et al
GARLOCK SEALING: Asbestos Panel Taps Charter Oak as Fin'l Advisor

GARLOCK SEALING: Asbestos Panel Taps Legal Analysis for Valuation
GAWKER MEDIA: Founder Wants Personal Bankruptcy Case Dismissed
GCP APPLIED: S&P Affirms 'BB-' CCR on Planned Sale of Darex
GELTECH SOLUTIONS: Issues $100,000 Convertible Note to President
GEORGE BAVELIS: Ted Doukas Ordered to Pay $1.1-Mil. in Damages

GOLF SUPPLY: EDC to Auction Equipment on March 7
GOODYEAR TIRE: Fitch Rates Proposed $700MM Unsec. Notes 'BB'
GOODYEAR TIRE: Moody's Assigns Ba3 Rating to $700MM Unsecured Notes
GOODYEAR TIRE: S&P Rates New $700MM Sr. Unsecured Notes 'BB'
GRAFTECH INTERNATIONAL: Incurs $236 Million Net Loss in 2016

GREAT LOCATIONS: Taps Berger Fischoff as Legal Counsel
GROUP MIDLAND: Seeks to Hire Orchid Global as Property Manager
HARTLAND MMI: Taps David J. Winterton as Legal Counsel
HARVEY GULF: Moody's Lowers Corporate Family Rating to Caa3
HAWAIIAN TELCOM: S&P Rates $320MM Delayed Draw Term Loan 'B'

HCA INC: S&P Affirms 'BB' Corporate Credit Rating
HELLO NEWMAN: Approval of A. Togut as Chapter 11 Trustee Sought
HONGLI CLEAN: Receives Nasdaq Delinquency Letter on Delayed 10-Q
HOOPER HOLMES: Bard Associates Has 6.6% Stake as of Dec. 31
HOOPER HOLMES: Perritt Capital Has 5.9% Equity Stake as of Dec. 31

HOSTESS BRANDS: Reich Brothers to Auction Remaining Assets
HOUSTON AMERICAN: Closes Permian Basin Assets Acquisition
HOWARD HUGHES: Moody's Assigns Ba3 Rating to $800MM Unsec. Notes
HOWARD HUGHES: S&P Rates New $800MM 8-Yr. Unsecured Notes 'B+'
IMH FINANCIAL: Units Sell Interests in 2 Hotels for $97 Million

INT'L AUTOMOTIVE: Moody's Revises Outlook to Neg. & Affirms B2 CFR
INTERNET BRANDS: $40MM Term Loan Add-On No Impact on Moody's B2 CFR
INTREPID POTASH: FMR and Abigail Johnson Have 6.35% Stake
INTREPID POTASH: Renaissance Tech Owns 5.5% Stake of Nov. 10
ISAACSON IMPLEMENT: Taps Lapp Libra as Legal Counsel

ISLAND FESTIVAL: Taps Almeida & Davila as Legal Counsel
JA FAMILY: Unsecured Creditors to Recoup 50% Over 5 Years
JEEA LLC: May Use Bayview Loan's Cash Collateral Until July 2017
JETBLUE AIRWAYS: Fitch Affirms BB- IDR & Revises Outlook to Pos.
JN MEDICAL: Seeks to Hire Stinson Leonard as Legal Counsel

K&H RESTAURANT: Seeks to Hire Davis & Gilbert as Special Counsel
K&H RESTAURANT: Taps Gottesman Law as New Legal Counsel
KANE CLINICS: Judge Grants Bid to Excuse PCO Appointment
KEY ENERGY: Posts Net Loss of $131.7M for Period Ended Dec. 15
LA4EVER LLC: Court Dismisses Chapter 11 Case

LADDER CAPITAL: Fitch Affirms 'BB' IDRs, Outlook Stable
LADDER CAPITAL: S&P Assigns 'B+' Rating on New $500MM Unsec. Bonds
LAKE WALKER COMMUNITY: Ombudsman Files Report on Facility
LAKEWOOD DEVELOPMENT: US Trustee Opposes Approval of Plan Outline
LAST CALL: Needs Until June 6 to File Plan of Reorganization

LEADER INDUSTRIES: IRS Asks Court to Deny Disclosure Statement
LEGACY RESERVES: FMR and Abigail Johnson Have 14.9% Stake
LENSAR INC: Plan Confirmation Hearing Set for April 12
LIGHTSTONE HOLDCO: S&P Assigns 'BB-' Rating on $1.575BB Term Loan B
LILY ROBOTICS: Files for Ch 11 After Failing to Market Drone Camera

LILY ROBOTICS: March 14 Meeting Set to Form Creditors' Panel
LILY ROBOTICS: Winding Down in Chapter 11; To Refund Deposits
LSB INDUSTRIES: Releases Fourth Quarter Financial Result of 2016
LTS NUTRACEUTICALS: Suspending Filing of Reports with SEC
MADISON MAIDENS: Settlements Allow Implementation of Amended Plan

MARION AVENUE: Plan Confirmation Hearing Set for April 11
MARYLAND HEALTH: Fitch Withdraws BB+ Rating on 2010 Revenue Bonds
MELISSA DEMARCO: Montano Buying Camarillo Property for $1.6M
METROPOLITAN NYC: Taps Gregory Messer as New Legal Counsel
MIX 1 LIFE: James S Tonkin and Lee Coleman Resign as Directors

MOTORS LIQUIDATION: Appeal to Lift Stay on Tire Lawsuit Snubbed
MOTORS LIQUIDATION: Copyright & Software Theft Suit Continues
MOULTON PROPERTIES: Unsecureds to be Paid in Full Under Exit Plan
MURRAY ENERGY: Moody's Puts Caa2 CFR on Review for Upgrade
NASTY GAL: Asks Court's Okay for Continued Cash Collateral Use

NAVISTAR INT'L: Fitch Raises Issuer Default Rating to B-
NAVISTAR INTERNATIONAL: To Announce Q1 2017 Results on March 7
NEW PLAN: Fitch Cuts 2011A/B Rev. Bonds Rating to B+; Outlook Neg
NEWS PUBLISHING: Unsecureds to Recoup 8% Under Liquidation Plan
NORTEL NETWORKS: 2 Hedge Funds Want Delaware Trust's Fees Reduced

NORTHWEST TERRITORIAL: Trustee Taps James G. Murphy as Auctioneer
NRAD MEDICAL: Latest Exit Plan to Pay Unsecured Creditors in Full
OLD DOMINION: Voluntary Chapter 11 Case Summary
OMINTO INC: Files Pro Forma Statements for Lani Pixels Deal
OPTIMA SPECIALTY: Has Court's Final Nod to Obtain DIP Financing

OSAGE MASONRY: Taps Evans & Mullinix as Legal Ccounsel
PARETEUM CORP: Amends Certificate of Incorporation
PCI MANUFACTURING: Trihub Buying Sulphur Springs Property for $2.2M
PENN TREATY: Commonwealth Court Approves Liquidation Petitions
PERFORMANCE SPORTS: Sagard, Fairfax Complete Acquisition of Assets

PHYSICIANS REALTY: S&P Assigns 'BB+' CCR; Outlook Positive
PORTER BANCORP: Incurs $2.75 Million Net Loss in 2016
PRECISION CASTING: Has Final Nod to Use Cash Collateral
PRESTIGE INDUSTRIES: Minda Supply Named Creditors' Committee Member
PRIME METALS: Case Summary & 20 Largest Unsecured Creditors

PRO ENTERPRISES: Needs Additional 60 Days to Obtain Plan Votes
PUERTO RICO: Governor Hopes for "Open Dialogue" with Treasury Sec.
QUALITY FLOAT: Latest Plan to Pay Unsecureds 25% in 5 Years
QUANTUM FOODS: Committee, GOPC Agree to Appoint New Mediator
R.E.S. NATION: Unsecured Creditors to be Paid in Full in 10 Years

RESOLUTE INVESTMENT: Moody's Affirms Ba3 CFR; Outlook Stable
RSP PERMIAN: Moody's Raises Corporate Family Rating to B1
S&S SCREW: May Use Cash Collateral Until April 6
S. HEMENWAY: Unsecured Claims Increased to $390K Under Latest Plan
SBN FOG CAP: Files New Plan, Unsecureds to be Paid in Full

SHEARER'S FOODS: Moody's Lowers Corporate Family Rating to B3
SHOES.COM: Receiver's Deadline to Submit Bids on March 17
SOUTHCROSS ENERGY: Enters Severance Agreement with Former CEO
SPECTRUM HEALTHCARE: Repairs Get on Hold at 1 Facility, PCO Says
SPENCER TRANSPORTATION: JB&B Wants Adequate Protection Payments

STANDFAST USA: Files Chapter 11 Plan of Liquidation
STARPORT TRANSPORTATION: Seeks to Hire JB James as Legal Counsel
STONERIDGE PARKWAY: Aevitas to Get $7.4MM to $8.75MM, Plus 18%
SUMMIT INVESTMENT: Case Summary & 4 Unsecured Creditors
SUNEDISON INC: Former Executives File Whistleblower Lawsuits

SWEET THREE: Seeks to Hire Halabu Law Group as Counsel
TOSHIBA CORP: Seeks Advise on Potential Westinghouse Chap. 11 Costs
TRINITY RIVER: Has Until March 10 to File Plan of Reorganization
TRUMP ENTERTAINMENT: Name Spells Suit Over Discarded Casino Signs
ULTRA PETROLEUM: Amended Disclosure Statement Order Entered

ULTRAPETROL BAHAMAS: Hires Prime Clerk as Admin. Advisor
UNIVISION COMMUNICATIONS: Moody's Rates $4.4BB Term Loan 'B2'
UNIVISION COMMUNICATIONS: S&P Rates Proposed $4.5BB Loan 'BB-'
VANGUARD HEALTH: Case Summary & 20 Largest Unsecured Creditors
VANGUARD HEALTHCARE: Taps Maggart & Associates as Accountant

VIOLIN MEMORY: Unsecureds to Recover Up to 8.5% Under Latest Plan
VIREOL BIO ENERGY: Taps Robert Hansen as Accountant
VITAL WELLNESS: Case Summary & 16 Unsecured Creditors
VYCOR MEDICAL: Completes Sale of $656,110 Common Stock and Warrants
W.E. YODER: Asks Court to Approve Disclosure Statement

WET SEAL: Approval of E. Frejka as CPO Sought
WET SEAL: Canadian Retailer YM Prepares Bid for IP Assets
WK CAPITAL: Paying Administrative Expenses and Secured Creditors
YODER REAL ESTATE: Unsecureds to Recover 25% Under Plan
YOSKAR LIQUORS: Seeks to Hire Scura Wigfield as Legal Counsel

ZWEITE STUFE: Maaco Buying Rochester Assets for $115K
[*] Linda Worton Jackson Joins Pardo Gainsburg as Name Partner

                            *********

215 HEMPSTEAD: Taps Berger Fischoff as Legal Counsel
----------------------------------------------------
215 Hempstead Realty Corp. seeks approval from the U.S. Bankruptcy
Court for the Eastern District of New York to hire legal counsel in
connection with its Chapter 11 case.

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

The hourly rates charged by the firm range from $425 to $525 for
partners, and $315 to $400 for associates.  Paralegals will charge
$185 per hour.

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

The firm can be reached through:

     Gary C. Fischoff, Esq.
     Berger, Fischoff & Shumer, LLP
     6901 Jericho Turnpike, Suite 230
     Syosset, NY 11791
     Phone: 516-747-1136
     Email: hberger@bfslawfirm.com
     Email: gfischoff@bfslawfirm.com

                About 215 Hempstead Realty Corp.

215 Hempstead Realty Corp. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 17-70755) on February
10, 2017.  The petition was signed by Nadide Cakici, president.  

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


23 FARMS: Regions Bank Consents to Use of Cash Collateral
---------------------------------------------------------
Farms, LLC, reached an agreement with Regions Bank allowing the
interim use of cash collateral in which the lender holds a
perfected security interest, consisting of proceeds from a crop
insurance policy totaling approximately $332,583.28.

Subject to the provisions of the Agreement filed on March 1, the
Debtor is authorized to use Cash Collateral to pay: (a) amounts
expressly authorized by this Court, including payments to the U.S.
Trustee for quarterly fees; (b) the current and necessary expenses;
and (c) additional amounts as may be expressly approved in writing
by Regions Bank.  This authorization expires as of Feb. 28, 2017,
unless further extended by agreement between the parties or further
order of the Court.

The Debtor will timely perform all obligations of a
debtor-in-possession required by the U.S. Bankruptcy Code, Federal
Rules of Bankruptcy Procedure, and the orders of the Court.

The Debtor will pay Regions Bank $50,000 within three days of the
entry of an order approving the Agreement.  The Debtor agrees that
the $50,000 may be transferred immediately to counsel for Regions
Bank to hold in trust pending an order approving this Agreement.

The Debtor will assign its interest in all net proceeds from the
peanut crop which the Debtor anticipates growing in 2017, not to
exceed $300,000.  The Debtor will execute all necessary documents
for the assignment to be valid and enforceable.

Regions Bank will have perfected post-petition liens against Cash
Collateral, and also against all other collateral described in the
prepetition UCC-1 financing statements filed by Regions Bank, to
the same extent and with the same validity and priority as its
prepetition liens, without the need to file or execute any
document.

The Debtor will maintain insurance coverage for its property in
accordance with its obligations under the loan and security
documents with Regions Bank.  The insurance will name Regions Bank
named as loss payee.

A copy of the Agreement is available at:

          http://bankrupt.com/misc/flnb17-10015-52.pdf

On Feb. 28, the Hon. Karen K. Specie rescheduled, at the behest of
the Debtor, the hearing on the Debtor's motion to use cash
collateral to 10:45 a.m. EST on March 2, 2017, from 9:00 a.m. on
March 2, 2017.

On Feb. 15, the Court authorized the Debtor to use cash collateral
on an interim basis through Feb. 28, 2017.

As reported by the Troubled Company Reporter on Feb. 6, 2017, the
Debtor asked the Court for authorization to use cash collateral
through Feb. 28, 2017.  The Debtor told the Court that it currently
has $332,583 in bank accounts.  The Debtor further told the Court
that the source of these funds was crop insurance.  The Debtor
believes that all of this money is cash collateral in which Regions
Bank holds a perfected security interest.

                       About 23 Farms, LLC

23 Farms, LLC, a Newberry, Florida-based company with a farming
operation, filed a chapter 11 petition (Bankr. N.D. Fla. Case No.
17-10015) on Jan. 20, 2017.  The petition was signed by Joey D.
Langford, II, managing member.  The Debtor is represented by Lisa
Caryl Cohen, Esq., at Ruff & Cohen, P.A.  The case is assigned to
Judge Karen K. Specie.  The Debtor estimated assets and liabilities
at $1 million to $10 million at the time of the filing.


3324 N. CLARK: Sale of Chicago Property to Meta for $1.6M Approved
------------------------------------------------------------------
Judge Donald R. Cassling of the U.S. Bankruptcy Court for the
Northern District of Illinois authorized 3324 N. Clark Street,
LLC's sale of real and personal property commonly known as 3324 N.
Clark Street, Chicago, Illinois, to Meta Properties LLC for
$1,555,000.     

The Final Sale Hearing was held on Feb. 21, 2017.

The sale is free and clear of liens, claims and interests other
than the assumed liabilities and the permitted exceptions.

Subject to and conditioned upon the Closing of the Sale, the
Debtor's assumption and assignment of the Contracts to the
Purchaser is approved.

A copy of the Permitted Exceptions and the Purchase Agreement
attached to the Order is available for free at:

          http://bankrupt.com/misc/N_Clark_Street_107_Order.pdf

As provided by Fed. R. Bankr. P. 6004(h), the Order will not be
stayed for 14 days after its entry, and will be effective and
enforceable immediately upon entry.

                  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.


4 ACES BINGO: Revises Provisions on Treatment of GB&TC Claim
------------------------------------------------------------
4 Aces Bingo, Inc., has filed with the U.S. Bankruptcy Court in
Colorado its latest disclosure statement, which explains the
company's proposed plan to exit Chapter 11 protection.

The plan contains additional provisions on the treatment of Class 1
claim of Guaranty Bank and Trust Company, which is secured by a
first priority lien on 4 Aces Bingo's 2.15-acre property in Aurora,
Colorado, according to the disclosure statement filed on Feb. 23.

According to the filing, interest on Guaranty Bank's secured claim
will accrue at the rate of 7% per annum for the first 60 days
following the effective date of the plan.

The claim will accrue interest at the rate of 12% per annum
starting on the 61st day and until Dec. 31.  If the claim is not
yet paid in full on Jan. 1, 2018, the indebtedness owed to Guaranty
Bank will accrue interest at the default rate set forth in the loan
documents between the bank and 4 Aces Bingo, according to the
latest disclosure statement.

A full-text copy of the first amended disclosure statement is
available for free at:

                      https://is.gd/dPVQWS

                      About 4 Aces Bingo

4 Aces Bingo Inc. is a bingo hall operator established in 1992, and
a privately-held single asset company in Aurora, Colorado.  

The Debtor filed a Chapter 11 bankruptcy petition (Bankr. D. Colo.
Case No. 16-22413) on Dec. 28, 2016.  In its petition, the Debtor
estimated assets of $1 million to $10 million, and liabilities of
less than $1 million.  The petition was signed by William Weaver,
president.

Hon. Elizabeth E. Brown oversees the case.  Jeffrey S. Brinen,
Esq., at Kutner Brinen, P.C., serves as counsel to the Debtor.  

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


477 WEST: Upper Group Files Plan Proposing to Sell NY Property
--------------------------------------------------------------
The Upper Group has filed a Chapter 11 plan of reorganization for
477 West 142nd Street Housing Dev. Fund Corp. that proposes to pay
creditors through the sale of its real property in New York.

The plan proposes to sell 477 West's five-storey building located
in the Hamilton Heights Historic District for $3.2 million to an
entity selected by Upper Group to hold the deed to the property.

Proceeds from the sale will be used to pay in full in cash all
claims allowed by the court, including Class 5 unsecured claims of
the occupants, on the effective date of the plan.

Meanwhile, equity holders that vote in favor of the plan will
either retain a life estate in his apartment unit, or will receive
a $400,000 cash payment on the effective date to relinquish his
interests and vacate the property.

The plan will take effect 30 days after entry of a final and
unappealable order of the bankruptcy court confirming it.  477 West
will be dissolved once the plan takes effect.

Payments under the restructuring plan will be funded by a
combination of the sale proceeds and any accrued cash, according to
Upper Group's disclosure statement filed on Feb. 23.

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

                      https://is.gd/pcrtEJ

The Upper Group is represented by:

     Adrienne Woods, Esq.
     The Law Offices of Adrienne Woods, P.C.
     459 Columbus Avenue, # 314
     New York, NY 10024
     Tel: (212) 634-4459
     Fax: (212) 634-4462
     Email: adrienne@woodslawpc.com

                  About 477 West 142nd Street

477 West 142nd Street Housing Dev. Fund Corp. is primarily in the
business of ownership of real property located at 477 West 142nd
Street, New York, New York, also known as 1661-1669 Amsterdam
Avenue, New York, New York.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr.
S.D.N.Y. Case No. 15-12178) on Aug. 5, 2015.

The court appointed Gregory Messer, Esq., as Chapter 11 trustee by
orders dated March 17 and 21, 2016.  The trustee is represented by
Adam P. Wofse, Esq., at Lamonica Herbst & Maniscalco, LLP.


611 COMMERCIAL: Taps Michael Baxter as Real Estate Broker
---------------------------------------------------------
611 Commercial, Inc. seeks approval from the U.S. Bankruptcy Court
for the Middle District of Pennsylvania to hire a real estate
broker.

The Debtor proposes to hire Michael Baxter, a broker at Michael
Baxter & Associates Commercial Real Estate, in connection with the
sale of its property in Stroudsburg, Pennsylvania.  He will receive
a commission of 8% of the sales price of the property, which will
be listed for sale at $499,000.

Mr. Baxter does not represent any interest adverse to the Debtor's
bankruptcy estate, according to court filings.

Mr. Baxter maintains an office at:

     Michael J. Baxter
     Michael Baxter & Associates Commercial Real Estate
     1992 W. Main St.
     Stroudsburg, PA 18360
     Phone: (570) 421-7466
     Fax: (570) 421-7844
     Email: michael@baxcommercial.com

                    About 611 Commercial Inc.

611 Commercial, Inc. sought Chapter 11 protection (Bankr. M.D. Pa.
Case No. 14-04173) on Sept. 9, 2014. The petition was signed by
Gerald Gay, president.  The Honorable John J. Thomas is assigned to
the case.  Philip W. Stock, Esq., at the Law Office of Philip W.
Stock serves as the Debtor's counsel.

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

On October 1, 2016, the Debtor filed a disclosure statement, which
explains its proposed Chapter 11 plan of reorganization.  The plan
proposes to pay claims in full within a year from the effective
date of the plan.


7 BAY CORP: Liquidating Trustee to be Appointed Under Plan
----------------------------------------------------------
7 Bay Corp. filed with the U.S. Bankruptcy Court for the District
of Massachusetts a modified second amended disclosure statement in
support of its modified second amended plan of liquidation, dated
Feb. 24, 2017.

The Plan is a liquidating plan and does not contemplate the
continuation of the Debtor's business other than as may be deemed
appropriate to retain or maximize the value of the Debtor’s
Assets and the construction and sale of Units.

The Plan provides for the appointment of a Liquidating Trustee to
collect and administer Assets upon the sale of Units. The Plan
contemplates that the net proceeds from the completion and
liquidation of Assets will be distributed by the Liquidating
Trustee to the holders of Allowed Claims.

The previous plan provided for the appointment of a Distribution
Agent or Liquidating Trustee.

Class 6 under the modified plan consists of the Allowed General
Unsecured Claims against the Debtor. Each holder of an Allowed
General Unsecured Claim shall receive, commencing upon the later to
occur of the Effective Date or the date such Claim becomes an
Allowed Claim, one of the following: (a) a Pro Rata share of the
Plan Fund; or (b) treatment as agreed between the Confirmed Debtor
or the Independent Fiduciary and the holder of the Allowed General
Unsecured Claim.

The previous plan asserted an agreement between the Confirmed
Debtor or the Liquidating Trustee/fiduciary.

The Plan will be funded from the construction and sale of Debtor's
Property as well as the new value contribution by Debtor's
principals, or entities controlled by Debtor's principal, which has
occurred during the course of the administration of the Chapter
11.

A blacklined version of the Modified Second Amended Plan is
available at:

            http://bankrupt.com/misc/mab15-14885-3527.pdf

                         About 7 Bay Corp

7 Bay Corp, based in Hull, Massachusetts, filed a Chapter 11
petition (Bankr. D. Mass. Case No. 15-14885) on Dec. 17, 2015.
The
petition was signed by Steven Buckley, president.  Judge Frank J.
Bailey presides over the case.  John M. McAuliffe, Esq., at
McAuliffe & Associates, P.C., serves as the Debtor's counsel.  At
the time of the filing, 7 Bay estimated $1 million to $10 million
in both assets and liabilities.


925 DAMEN: Sale of Chicago Property for $580K Approved
------------------------------------------------------
Judge Donald R. Cassling of the U.S. Bankruptcy Court for the
Northern District of Illinois authorized 925 N. Damen, LLC's sale
of real property located at 925 N. Damen Avenue Chicago, Illinois,
to Development Group, LLC for $580,000.

The auction of the Property was held on Jan. 30, 2017.  The Final
Sale Hearing was held on Feb. 21, 2017.

The sale is free and clear of liens, claims and interests, than the
Assumed Liabilities and the Permitted Exceptions.

The Debtor and Chicago Title Land Trust number 8002371267 under
trust agreement dated May 9, 2016, are authorized to consummate the
sale pursuant to and in accordance with the terms and conditions of
the Agreement.

A copy of the Permitted Exceptions and the Agreement attached to
the Order is available for free at:

            http://bankrupt.com/misc/925_N_Damen_55_Order.pdf

As provided by Fed. R. Bankr. P. 6004(h), the Order will not be
stayed for 14 days after its entry, and will be effective and
enforceable immediately upon entry.

                     About 925 N Damen

925 N. Damen, LLC, based in Chicago, Ill., filed a Chapter 11
petition (Bankr. N.D. Ill. Case No. 16-35387) on November 4, 2016.
The Hon. Jack B. Schmetterer presides over the case. Ariel
Weissberg, Esq., at Weissberg & Associates, Ltd., 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 Simone Singer Weissbluth, manager of WMW
Investments, LLC, the Manager of Debtor.



ABENGOA BIOENERGY: Unsecureds to Get 30.7% Under 3rd Amended Plan
-----------------------------------------------------------------
Abengoa Bioenergy US Holding, LLC, its debtor affiliates, and the
Official Committee of Unsecured Creditors filed with the U.S.
Bankruptcy Court for the Eastern District of Missouri a third
amended disclosure statement dated Feb. 27, 2017, referring to the
third amended joint plans of liquidation.

The Third Amended Disclosure Statement says that the Class 2
General Unsecured Claims against Bioenergy Debtor Group will
recover 30.7% under the Plan.

Class 2 is impaired.  On or as soon as practicable after the
Effective Date, each holder of an allowed general unsecured claim
against the Bioenergy Debtors will receive its pro rata share of
the Bioenergy General Unsecured Claims Fund, except to the extent
that a holder of an Allowed General Unsecured Claim has been paid
prior to the Effective Date or agrees to a less favorable
classification and treatment.  

The Plan will be implemented by, among other things, the
establishment of the GUC Liquidating Trust, the transfer to the GUC
Liquidating Trust of the assets of the estates, including without
limitation, all cash and causes of action, and the making of
distributions by the GUC Liquidating Trustee in accordance with the
Plan and the GUC Liquidating Trust Agreement.   

As reported by the Troubled Company Reporter on Feb. 28, 2017, a
hearing to consider the confirmation of the Joint Plans will be
held on April 26, 2017, at 10:00 a.m.  Objections to the
confirmation of the Plan is April 19, 2017, at 5:00 p.m.  Voting
deadline is April 19, 2017, at 5:00 p.m.  The Debtors and the
Committee previously filed a disclosure statement referring to the
plan, stating that Class 2 General Unsecured Claims against
Bioenergy Debtor Group -- estimated at $385,007,000 -- would
recover 31.5%.

The Third Amended Disclosure Statement is available at:

          http://bankrupt.com/misc/moeb16-41161-1023.pdf

                About Abengoa Bioenergy US Holding

Abengoa Bioenergy is a collection of indirect subsidiaries of
Abengoa S.A., a Spanish company founded in 1941.  The global
headquarters of Abengoa Bioenergy is in Chesterfield, Missouri.  

With a total investment of $3.3 billion, the United States has
become Abengoa S.A.'s largest market in terms of sales volume,
particularly from developing solar, bioethanol, and water
projects.

Spanish energy giant Abengoa S.A. is an engineering and clean
technology company with operations in more than 50 countries
worldwide that provides innovative solutions for a diverse range of
customers in the energy and environmental sectors.  Abengoa is one
of the world's top builders of power lines transporting energy
across Latin America and a top engineering and construction
business, making massive renewable-energy power plants worldwide.

On Nov. 25, 2015, in Spain, Abengoa S.A. announced its intention to
seek protection under Article 5bis of Spanish insolvency law, a
pre-insolvency statute that permits a company to enter into
negotiations with certain creditors for restricting of its
financial affairs.  The Spanish company is facing a March 28, 2016,
deadline to agree on a viability plan or restructuring plan with
its banks and bondholders, without which it could be forced to
declare bankruptcy.

Gavilon Grain, LLC, et al., on Feb. 1, 2016, filed an involuntary
Chapter 7 petition for Abengoa Bioenergy of Nebraska, LLC ("ABNE")
and on Feb. 11, 2016, filed an involuntary Chapter 7 petition for
Abengoa Bioenergy Company, LLC ("ABC").  ABC's involuntary Chapter
7 case is Bankr. D. Kan. Case No. 16-20178.  ABNE's involuntary
Case is Bankr. D. Neb. Case No. 16-80141.  An order for relief has
not been entered, and no interim Chapter 7 trustee has been
appointed in the Involuntary Cases.  The petitioning creditors are
represented by McGrath, North, Mullin & Kratz, P.C.

On Feb. 24, 2016, Abengoa Bioenergy US Holding, LLC, and five
affiliated debtors each filed a Chapter 11 voluntary petition in
St. Louis, Missouri, disclosing total assets of $1.3 billion and
debt of $1.2 billion.  The cases are pending before the Honorable
Kathy A. Surratt-States and are jointly administered under Bankr.
E.D. Mo. Case No. 16-41161.

The Debtors have engaged DLA Piper LLP (US) as counsel, Armstron
Teasdale LLP as co-counsel, Alvarez & Marsal North America, LLC as
financial advisor, Lazard as investment banker and Prime Clerk LLC
as claims and noticing agent.

The Troubled Company Reporter, on March 14, 2016, reported that the
Office of the U.S. Trustee appointed seven creditors of Abengoa
Bioenergy US Holding LLC and its affiliates to serve on the
official committee of unsecured creditors.  The Office of the U.S.
Trustee on June 14 appointed three creditors of Abengoa Bioenergy
Biomass of Kansas LLC to serve on the official committee of
unsecured creditors.

The Creditors' Committee of Abengoa Bioenergy US Holdings, et al.,
retained Lovells US LLP as counsel, Thompson Coburn LLP as local
counsel, and FTI Consulting, Inc., as Financial Advisor.

The Creditors' Committee of Abengoa Bioenergy Biomass of Kansas,
LLC, retained Baker & Hostetler LLP as counsel, Robert L. Baer as
local counsel, and MelCap Partners, LLC as financial advisor and
investment banker.


ACHAOGEN INC: Promotes Blake Wise to President and COO
------------------------------------------------------
The Board of Directors of Achaogen, Inc., promoted Blake Wise to
serve as president and chief operating officer of the Company,
effective Feb. 22, 2017, according to a Form 8-K report filed with
the Securities and Exchange Commission.

Mr. Wise, 46, has served as chief operating officer of the Company
since October 2015.  From 2002 to August 2015, Mr. Wise served in
roles of increasing responsibility at Genentech, Inc., a
pharmaceutical company and a member of the Roche Group, including
serving as vice president, Cross BioOncology; senior director,
Franchise Head and Life Cycle Leader, Lytics; sales director,
BioOncology, Avastin; marketing director, Immunology and Cystic
Fibrosis; and director, Interactive Marketing.  Mr. Wise holds a
B.A. from the University of California, Santa Barbara, and an
M.B.A. from the University of California, Berkeley.

In connection with his promotion, the Board also approved (i) an
increase in Mr. Wise's annual base salary to $450,000 effective
immediately and (ii) an increase in Mr. Wise's discretionary annual
bonus target to 45% of his base salary, with the payment amount
based upon performance as determined by the Company.  In addition,
the Board approved a change in control severance agreement to
replace his existing change in control severance agreement, which
provides that, in the event his employment is terminated by the
Company other than for "cause", he will receive as severance, 12
months of his base salary paid in a single cash lump sum, 12 months
of COBRA reimbursement and accelerated vesting of equity awards
with respect to the number of shares that would have vested during
the 12 months following his termination date had his employment
continued.  Further, in the event his employment is terminated
other than for "cause" or he experiences a "constructive
termination," within the period commencing three months prior to a
"change in control" and ending 12 months after a change in control,
his severance will consist of 15 months of his base salary paid in
a single cash lump sum, 100% of his target bonus paid in a single
cash lump sum, assuming achievement of performance goals at 100% of
target, 15 months of COBRA reimbursement and full vesting
acceleration for equity awards he holds.  

Mr. Wise must timely deliver an effective release of claims to the
Company to be eligible for the foregoing severance benefits.

                        About Achaogen

Achaogen, Inc. is a clinical-stage biopharmaceutical company
passionately committed to the discovery, development, and
commercialization of novel antibacterials to treat multi-drug
resistant gram-negative infections.  The Company is developing
plazomicin, its lead product candidate, for the treatment of
serious bacterial infections due to MDR Enterobacteriaceae,
including carbapenem-resistant Enterobacteriaceae.  In 2013, the
Centers for Disease Control and Prevention identified CRE as a
"nightmare bacteria" and an immediate public health threat that
requires "urgent and aggressive action."

Achaogen reported a net loss of $27.09 million in 2015, a net loss
of $20.17 million in 2014 and a net loss of $13.11 million in 2013.
As of Sept. 30, 2016, Achaogen had $80.66 million in total assets,
$49.64 million in total liabilities and $31.01 million in total
stockholders' equity.

The Company's independent accounting firm Ernst & Young LLP, in
Redwood City, California, issued a "going concern" qualification on
the consolidated financial statements for the year ended Dec. 31,
2015, citing that the Company's recurring losses from operations
and its need for additional capital raise substantial doubt about
its ability to continue as a going concern.


ACI WORLDWIDE: S&P Alters Outlook to Stable & Affirms BB- Rating
----------------------------------------------------------------
S&P Global Ratings said it revised the outlook to stable from
negative and affirmed its 'BB-' credit rating on Naples, Fla.-based
ACI Worldwide Inc.

ACI Worldwide has entered into a new credit agreement with more
lenient covenants, alleviating prior concerns of eroding covenant
headroom.

At the same time, S&P affirmed its 'BB-' issue-level rating on the
company's $300 million senior unsecured notes and changed the
recovery rating to '4' from '3', due to the new, upsized revolver,
which creates greater senior claims, resulting in less value
available to the senior unsecured notes in the event of a payment
default.  The '4' recovery rating indicates S&P's expectation of
meaningful (30%-50%; rounded estimate: 30%) recovery in the event
of a payment default.

"The rating action reflects our view of ACI's improved liquidity
profile resulting from more lenient covenants in its recently
signed bank credit facility," said S&P Global Ratings credit
analyst Craig Sabatini.

The new facility also doubled the size of ACI's revolver to
$500 million from $250 million, further improving its liquidity.
Before entering into the new credit agreement, the company had been
relying on obtaining waivers to its fixed-charge coverage
maintenance covenant, and the EBITDA cushion on its leverage
covenant was under 5%, which led to our ratings downgrade and
change in outlook to negative.  S&P expects the company to maintain
at least 30% EBITDA cushion on its leverage covenants in 2017.

The rating action also considers the company's strong fourth
quarter adjusted EBITDA growth (up 55% from the fourth quarter in
2015 to $175 million), which follows a sluggish third quarter,
resulting from its customers' decisions to delay the renewal of
contracts until closer to expiration.  The EBITDA growth reduced
leverage to the low-3x area from over 4x as of Sept. 30, 2016.  S&P
expects leverage to remain under 3.5x in 2017 as the company
returns to low-single-digit EBITDA growth, but continues to
prioritize investments in upgraded offerings.

The stable outlook reflects S&P's view that ACI's established
position in the payments software industry, and its long-term
contracts with its large bank and merchant customer base, will
support future operating stability.


AGESONG GENESIS: Petitioning Creditors Seek Trustee Appointment
---------------------------------------------------------------
Nader Shabahangi, AgeSong Living, LLC, and Eldership III, LLC, ask
the U.S. Bankruptcy Court for the Northern District of Claifornia
to enter an order directing the immediate appointment of a Chapter
11 Trustee for AgeSong Genesis, LLC.

The creditors, who filed an involuntary Chapter 11 petition against
AgeSong, asserted that the bankruptcy filing against the Debtor is
based on the petitioners' claims on various obligations, including
for salary, a bonus, unpaid vacation pay due to terminated
employees, consulting fees, management fees and an assignment fee.

The Petitioning Creditors further asserted that cause exists for
the appointment of a Chapter 11 Trustee because of the Debtor's:

   (1) violation of the California Corporation Code Sec. 17704.05;

   (2) commission of waste;

   (3) incompetence and mismanagement of its affairs; and

   (4) conflicts of interest.

             About AgeSong Genesis

Nader Shabahangi, AgeSong Living, LLC, a California limited
liability company, and Eldership III, LLC, a California limited
liability company filed an involuntary Chapter 11 case (Bankr. Case
No. 17-30175 HLB) against AgeSong Genesis, LLC, on February 24,
2017.  The Petitioners are represented by Randy Michelson --
randy.michelson@michelsonlawgroup.com -- Michelson Law Group, in
San Francisco, California.


ALGODON WINES: Sells 342,986 Shares; $1.2 million Promissory Notes
------------------------------------------------------------------
Between November 30, 2016 and December 31, 2016, Algodon Wines &
Luxury Development Group, Inc. issued 342,986 shares of its common
stock at a price of $2.00 per share to accredited investors in a
private placement transaction for gross proceeds of $685,972.
Commissions in the form of cash of $68,597 and 34,299 warrants to
purchase common stock at $2.00 per share were paid to DPEC Capital,
Inc., the Company's registered broker dealer subsidiary in
connection with these share issuances. DPEC Capital, Inc., in turn,
awarded such warrants to its registered representatives. The
investors and registered representatives all had sufficient
knowledge and experience in financial, investment and business
matters to be capable of evaluating the merits and risks of
investment in the Company and able to bear the risk of loss.

Between January 27, 2017 and February 27, 2017, the Company sold
convertible promissory notes to accredited investors in for total
gross proceeds to the Company of $1,260,000. The notes have a
90-day maturity, and pay 8% annual interest. The principal amount
of each note plus accrued interest are convertible into preferred
shares. The investors all had sufficient knowledge and experience
in financial, investment and business matters to be capable of
evaluating the merits and risks of investment in the Company and
able to bear the risk of loss.

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

                          https://is.gd/stQc2E

                               About Algodon Wines

New York-based Algodon Wines & Luxury Development Group, Inc.,
operates Algodon Mansion, a Buenos Aires-based luxury boutique
hotel property.  This lifestyle related real estate development
company has also redeveloped, expanded and repositioned a winery
and golf resort property called Algodon Wine Estates for
subdivision of a portion of this property for residential
development.

The Company reported a net loss of $8.27 million in 2015 following
a net loss of $9.06 million in 2014.

As of Sept. 30, 2016, Algodon had $7.69 million in total assets,
$4.36 million in total liabilities and $3.33 million in total
stockholders' equity.

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 the Company has incurred significant losses
and needs to raise additional funds to meet its obligations and
sustain its operations.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.


ANSWERS HOLDINGS: Case Summary & 30 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

      Debtor                                        Case No.
      ------                                        --------
      Answers Holdings, Inc.                        17-10496
      6665 Delmar Boulevard, Suite 3000
      St. Louis, MO 63130

      Answers Corporation                           17-10497
      Easy2 Technologies, Inc.                      17-10498
      ForeSee Results, Inc.                         17-10500
      ForeSee Session Replay, Inc.                  17-10501
      More Corn, LLC                                17-10502
      Multiply Media, LLC                           17-10503
      Redcan, LLC                                   17-10504
      RSR Acquisition, LLC                          17-10506
      Upbolt, LLC                                   17-10507
      Webcollage Inc.                               17-10495

Type of Business: Global provider of internet content and
                  cloud-based customer solutions

Chapter 11 Petition Date: March 3, 2017

Court: United States Bankruptcy Court
       Southern District of New York (Manhattan)

Judge: Hon. Stuart M. Bernstein

Debtors' Counsel: Christopher T. Greco, Esq.
                  James H.M. Sprayregen, Esq.
                  Jonathan S. Henes, Esq.
                  Anthony R. Grossi, Esq.
                  John T. Weber, Esq.
                  KIRKLAND & ELLIS LLP
                  601 Lexington Avenue
                  New York, NY 10022-4611
                  Tel: (212) 446-4734
                  Fax: (212) 446-4900
                  Email: christopher.greco@kirkland.com
                         james.sprayregen@kirkland.com
                         jonathan.henes@kirkland.com
                         anthony.grossi@kirkland.com
                         anthony.grossi@kirkland.com

                    - and -

                  Melissa N. Koss, Esq.
                  KIRKLAND & ELLIS LLP
                  KIRKLAND & ELLIS INTERNATIONAL LLP
                  555 California Street
                  San Francisco, California 94104
                  Tel: (415) 439-1400
                  Fax: (415) 439-1500
                  Email: melissa.koss@kirkland.com

Debtors'
Restructuring
Advisor:          ALVAREZ & MARSAL NORTH AMERICA, LLC
                  540 West Madison Street, Suite 1800
                  Chicago, IL 60661
                  Tel: (312) 601-4220

Debtors'
Notice &
Claims Agent:     RUST CONSULTING/OMNI BANKRUPTCY

Estimated Assets: $100 million to $500 million

Estimated Debts: $500 million to $1 billion

The petition was signed by Justin P. Schmaltz, chief restructuring
officer.

List of Debtors' 30 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Yahoo, Inc.                         Trade Payable       $545,209
Attn: Mike Simon
14010 FNB Parkway
Omaha, NE 68154
Tel: 207-272-7213
mjsimon@yahoo-inc.com

Taboola, Inc.                       Trade Payable       $411,754
28 West 23Rd Street
New York, NY 10010

Facebook                            Trade Payable       $295,000
Attn: Colin S. Stretch
1601 Willow Road
Mento Park, CA 94025
Tel: 650-618-7714
Fax: 302-636-5454
Email: info@facebook.com

Don Morrison                          Severance         $217,000

Amazon Web Services, Inc.           Trade Payable       $200,000

Interior Investments Of St. Louis   Trade Payable       $123,299

Wescomm Technologies, Inc.          Trade Payable       $115,150
Email: info@wescommtech.com

American Express                    Trade Payable       $112,173

Silicon Valley Bank                 Trade Payable       $111,327

Comscore Networks Inc.              Trade Payable       $109,438

Seduka                             Security Deposit     $104,000

Techmarq Consultancy                Trade Payable       $100,000
Email: info@techmarq.eu

Magnet4                             Trade Payable        $91,825

XO Communications                   Trade Payable        $91,043

Cushman And Wakefield               Trade Payable        $80,888

Jinlin Wang                           Severance          $77,511
Email: jinlin.wang@gmail.com

Suntrust Bank                       Trade Payable        $66,740

Moody's Investors Service, Inc      Trade Payable        $65,000

Intercontinental Capital Group     Security Deposit      $62,842

Datapipe                            Trade Payable        $56,445

Google, Inc.                        Trade Payable        $55,000
Email: Billcrawford@Google.com

Oxford Property Management          Trade Payable        $41,500

Verascape, Inc.                     Trade Payable        $40,717

Lucid Holdings, LLC                 Trade Payable        $33,600

Zarin Consulting, LLC               Trade Payable        $30,790

Treats, Inc.                        Trade Payable        $21,000

SB/LPC 7777 Bonhomme LLC            Trade Payable        $15,200

Adobe Systems, Inc.                 Trade Payable        $15,000

Zoom Information Inc                Trade Payable        $14,877

Path to Scale LLC                   Trade Payable        $14,400


ARAMARK SERVICES: Moody's Rates Secured Bank Loans 'Ba1'
--------------------------------------------------------
Moody's Investors Service rated Aramark Services, Inc.'s proposed
senior secured bank credit facilities at Ba1.

The Aramark announced the first step in a multi-step refinancing
process which the company expects will, once completed, reduce the
proportion of senior secured to total debt in its capital structure
to around 55% from about 70%. Further details around its future
financing plans were not disclosed.

The net proceeds of the proposed senior secured multi-currency
revolving credit facility due 2022, multi-currency term loan A due
2022, Japanese yen term loan C due 2022, and U.S. dollar term loan
B due 2024 will be used to repay existing indebtedness and add cash
to the balance sheet. Ratings on the existing senior secured
revolving credit and term loan facilities will be withdrawn when
they are repaid.

Assignments:

Issuer: Aramark Services, Inc.

-- Senior Secured Bank Credit Facility, Assigned Ba1 (LGD3)

RATINGS RATIONALE

"If Aramark reduces the proportion of senior secured to total debt
in its capital structure, consistent with the company's announced
plans, Moody's would likely upgrade the senior unsecured ratings to
Ba3 from B1," said Edmond DeForest, Moody's Senior Credit Officer.

Aramark's Ba2 Corporate Family rating ("CFR") reflects Moody's
expectations of debt to EBITDA around 4 times, low single digit
revenue growth (on a constant currency basis) and slowly improving
profitability, with EBITA margins expected around 6.5%. Moody's
considers Aramark's business stable and predictable, with long term
contracts and fixed asset investments providing high revenue
visibility and meaningful competitive barriers. The reversal in
2016 of declines in profitability experienced in 2014 and 2015,
when EBITA margins were down by about 100 basis points to 5.3%,
provides support for Moody's expectations for ongoing, albeit
gradual, profit increases in fiscal 2017 (ends September). Business
risks include labor tightness in Aramark's core US market, working
capital seasonality and competition from larger companies in the
food and related and uniform services markets. Revenue growth will
be driven by modest price increases with existing customers, new
client additions and new products. Growth in free cash flow will be
aided by management and business process improvement initiatives.
Investments in capital expenditures associated with new and
expanded contracts and expected share repurchase activity could
slow the pace of debt reduction. Good liquidity is provided by
about $300 million of anticipated free cash flow, cash balances
expected to be at least $100 million and significant availability
under revolving credit and receivables securitizations facilities,
which Moody's anticipates will be used seasonally.

All financial metrics cited reflect Moody's standard analytical
adjustments.

The Ba1 (LGD3) rating on the proposed senior secured bank credit
facilities reflects the Ba2-PD Probability of Default rating and
their priority in Moody's waterfall of claims at default ahead of
structurally subordinated senior unsecured claims. The debt is
secured by a first lien pledge of substantially all of the
company's domestic assets (excluding accounts receivable pledged
for the securitization facility) and 65% of the stock of foreign
subsidiaries.

The stable ratings outlook reflects Moody's expectations for some
revenue growth and EBITA margins around 6.5%. The ratings could be
upgraded if Moody's expects Aramark will sustain: 1) debt to EBITDA
below 3.5 times; 2) improved free cash flow; and 3) a commitment to
conservative financial policies. The ratings could be downgraded
if, as a result of some combination of poor results from
operations, acquisitions or shareholder-friendly actions, Moody's
expects: 1) revenue growth to slow; 2) EBITA margins to remain
below 6%; or 3) debt to EBITDA to be maintained around 4.5 times.

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

Aramark is a provider of food and related services to a broad range
of institutions and is the second largest provider of uniform and
career apparel in the United States. Moody's expects fiscal 2017
(ending September) revenue to approach $15 billion.



ARAMARK: S&P Raises CCR to 'BB+' on Improved Credit Ratios
----------------------------------------------------------
S&P Global Ratings said that it raised its corporate credit rating
on Philadelphia-based Aramark to 'BB+' from 'BB'.  The rating
outlook is stable.

Aramark is seeking to refinance its senior secured credit
facilities and the remainder of its senior unsecured notes due
2020.  The transaction is leveraged neutral.  The company's
profitability and credit ratios are generally in line with S&P's
expectations, and it expects continued satisfactory operating
performance, which should lead to further improvement in its credit
ratios.

At the same time, S&P affirmed its 'BBB-' issue level rating on the
company's existing senior secured credit facilities.  The '1'
recovery rating is unchanged, reflecting S&P's expectation for very
high (90%-100%; rounded estimate: 95%) recovery in the event of a
payment default.

S&P also raised its issue-level rating on the company's senior
unsecured debt to 'BB+' from 'BB-' and revised the recovery rating
to '4' from '5'.  The '4' recovery rating reflects S&P's
expectations for average (30%-50%; rounded estimate: 40%) recovery
in the event of a payment default.

Additionally, S&P assigned its 'BBB-' issue-level rating and '1'
recovery rating to the company's proposed $3.6 billion senior
secured credit facility, which includes a $1 billion multicurrency
revolver due 2022, a $100 million (equivalent) term loan due 2022
(the borrower of this debt is ARAMARK Canada Ltd.), a $650 million
term loan A due 2022, a $100 million (equivalent) Japanese term
loan due 2022, and a $1.75 billion term loan B due 2024.  The '1'
recovery rating reflects S&P's expectations for very high
(90%-100%; rounded estimate: 95%) recovery in the event of a
payment default.

Pro forma for the transaction, S&P estimates total debt outstanding
of about $5.5 billion.  S&P will withdraw its ratings on the
existing senior secured credit facilities once the transaction
closes and the debt is repaid.  The borrower of the existing senior
secured debt is Aramark Services Inc.

"The upgrade reflects our expectation that Aramark's profitability
will continue to grow due to new business wins, productivity
initiatives, and strong retention rates, which would result in
strong free cash flow generation," said S&P Global Ratings' credit
analyst Katherine Heng.  "This would allow the company to further
strengthen its credit ratios, including debt to EBITDA improving to
the mid-3x area in fiscal 2017."  S&P revised the recovery rating
on the existing senior unsecured debt because there will be less
senior secured debt after the transaction closes, resulting in more
available asset value for the senior unsecured debt.

S&P's corporate credit rating on Aramark incorporate the company's
leading (though not dominant) position in the competitive and
fragmented food and support services market, its sizable business
with customers in relatively stable service segments (particularly
heath care, education, and corrections), its high client retention
rates, and moderate geographic diversity.  S&P believes Aramark's
focus on relatively stable verticals should limit downside risks
from the weakening trends in the broader restaurant and
food-away-from-home space.

The stable outlook reflects S&P's view that Aramark's profitability
will continue to grow due to new business wins, productivity
initiatives, and strong retention rates, resulting in strong free
cash flow generation, which should allow it to improve credit
ratios.  S&P expects debt to EBITDA to strengthen to the mid-3x
area by the end of fiscal 2017.

S&P could lower the corporate credit rating if Aramark's financial
policy becomes more aggressive, possibly from a large debt-financed
acquisition or shareholder-friendly actions, resulting in debt to
EBITDA sustained above 4x.  S&P could also lower the rating if the
company's profitability and credit ratios deteriorate, possibly as
a result of a downturn in consumer spending on food away from home
or escalating food and labor cost. S&P estimates credit ratios
could reach these levels if EBITDA falls by over 10% or the company
adds about $700 million of debt.

S&P could raise the rating if the company continues to improve its
credit metrics through a combination of debt repayment and profit
growth such that debt to EBITDA sustains below 3x area.  S&P
estimates this could occur if EBITDA increases by about 20%, which
could result from an increase in outsourcing; better labor
management, including reduced employee overtime; and the
realization of restructuring benefits.  S&P could also raise the
rating if it has a more favorable view on the company's business
risk profile, which could result from improved geographic
diversity.


ARCTIC GLACIER: S&P Assigns 'B-' CCR; Outlook Stable
----------------------------------------------------
S&P Global Ratings said it assigned its 'B-' long-term corporate
credit rating to Arctic Glacier Group Holdings Inc.  The outlook is
stable.

Based on the expected leveraged buyout of Arctic Glacier by The
Carlyle Group for US$723 million, the company is proposing to issue
a US$415 million term loan and US$60 million revolver to partially
fund the acquisition, along with US$345 million sponsor equity from
Carlyle. Arctic Glacier U.S.A., Inc. and Chill Merger Sub Inc. are
coborrowers on the debt.  Therefore, S&P assigned its 'B-'
issue-level rating and '3' recovery rating to the proposed
first-lien facility.  A '3' recovery rating indicates S&P's
expectation of meaningful (meaningful (50%-70%; rounded estimate
50%) recovery in default.

"The ratings on Arctic Glacier reflect our view of the company's
modest market position in a highly competitive and fragmented
packaged ice industry with low barriers to entry, high seasonality,
and volatility in earnings," said S&P Global Ratings credit analyst
Nayeem Islam.  "This position is partially mitigated by the
company's improved operating efficiency and marginally lower pro
forma leverage as per the proposed capital structure," Mr. Islam
added.

S&P's vulnerable business risk profile reflects the company's
narrow product portfolio, seasonal demand, and the industry's
competitive and commoditized conditions.  The packaged ice industry
is relatively risky given the lack of brand recognition and low
barriers to entry.  The commoditized nature of the product also
leads to limited pricing power and higher focus on availability.
Arctic Glacier is the largest ice manufacturer and distributer in
Canada, and the second largest in the U.S., behind Reddy Ice.  S&P
estimates both Arctic Glacier and Reddy have a low-teen percentage
share in the fragmented North American market, which consists of
numerous local and regional competitors that make up about 70% of
the remaining market.

The stable outlook reflects S&P Global Ratings' expectation that
Arctic Glacier's improving profitability will contribute to
positive free operating cash flow and adequate liquidity through
the company's annual seasonal working-capital peak.  S&P believes
modest growth from market share gains along with enhanced margins
from cost reductions should help the company maintain adjusted
debt-to-EBITDA of 5.5x-6.0x and EBITDA interest coverage of
2.5x-3.0x.

S&P could lower its ratings on Arctic Glacier if weak earnings and
cash flow caused liquidity to deteriorate ahead of seasonal
working-capital investments.  S&P believes this could occur if
EBITDA interest coverage approached 1.5x, potentially indicating a
weak selling season or operational issues, likely coinciding with
pressure on financial covenants.

S&P could raise the ratings if the company demonstrates an improved
business risk profile through greater geographic diversification
and significant increase in scale, along with maintaining leverage
of low 5x and EBITDA margins sustained above 30%.



ATHANAS FENCE: Taps Cohen & Krol as Legal Counsel
-------------------------------------------------
Athanas Fence Co., Inc. seeks approval from the U.S. Bankruptcy
Court for the Northern District of Illinois to hire legal counsel.

The Debtor proposes to hire Cohen & Krol to give legal advice
regarding its duties under the Bankruptcy Code, and provide other
legal services related to its Chapter 11 case.  The firm will be
paid a retainer in the amount of $11,000.

Joseph Cohen, Esq., and Gina Krol, Esq., disclosed in a court
filing that they do not represent any interest adverse to the
Debtor or its bankruptcy estate.

The firm can be reached through:

     Joseph E. Cohen, Esq.
     Gina B. Krol, Esq.
     Cohen & Krol
     105 West Madison Street, Suite 1100
     Chicago, IL 60602
     Phone: 312/368-0300

                     About Athanas Fence Co.

Athanas Fence Co., Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ill. Case No. 17-03883) on February
10, 2017.  The petition was signed by James J. Athanas, president.
The case is assigned to Judge Timothy A. Barnes.

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


ATIF INC: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------
Debtor: ATIF, Inc.
          fdba Attorney's Title Insurance Fund, Inc.
        1601 Jackson Street #20
        Fort Myers, FL 33901

Case No.: 17-01712

Chapter 11 Petition Date: March 2, 2017

Court: United States Bankruptcy Court
       Middle District of Florida (Ft. Myers)

Debtor's Counsel: Michael C Markham, Esq.
                  JOHNSON, POPE, BOKOR, RUPPEL & BURNS LLP
                  Post Office Box 1100
                  Tampa, FL 33601-1100
                  Tel: 813-225-2500
                  Fax: 813-223-7118
                  E-mail: mikem@jpfirm.com

Estimated Assets: $100,000 to $500,000

Estimated Liabilities: $10 million to $50 million

The petition was signed by Gerard A. McHale, chief executive
officer.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/flmb17-01712.pdf


AVAYA INC: Wants to Let Go of 10-Year Lease for 49ers
-----------------------------------------------------
Alex Wolf, writing for Bankruptcy Law360, reports that is asking
the U.S. Bankruptcy Court for the Southern District of New York to
allow it to terminate its 10-year agreement signed in 2012 to lease
an executive suite in Levi's Stadium for 49ers home games.

According to Law360, Avaya wants to back out of the 10-year
commitment to license a San Francisco 49ers stadium suite.  Law360
relates that Avaya highlighted the team's recent losing seasons,
saying that the $350,000 annual payments are an unnecessary
burden.

                      About Avaya Inc.

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

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

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

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


AXIOS LOGISTICS: Wants U.S. Recognition of Canadian Receivership
----------------------------------------------------------------
Alex Wolf, writing for Bankruptcy Law360, reports that Axios
Logistics Solutions Inc. has asked the U.S. Bankruptcy Court for
the District of Delaware for Chapter 15 recognition of its status
as a debtor in receivership in Canada, seeking protection from
seizure of its property in the U.S. while it resolves more than $17
million in liabilities with "negligible cash resources."

Axios Logistics Solutions Inc. is a Canadian supply chain logistics
company.


BCBG MAX: March 9 Meeting Set to Form Creditors' Panel
------------------------------------------------------
William K. Harrington, United States Trustee for Region 2, will
hold an organizational meeting on March 9, 2017, at 11:00 a.m. in
the bankruptcy case of BCBG Max Azria Global Holdings, LLC, et al.

The meeting will be held at:

               The New York Palace Hotel
               455 Madison Avenue
               New York, NY 10022

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' case.

The organizational meeting is not the meeting of creditors pursuant
to Section 341 of the Bankruptcy Code.  A representative of the
Debtor, however, may attend the Organizational Meeting, and provide
background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States Trustee
appoint a committee of unsecured creditors as soon as practicable.
The Committee ordinarily consists of the persons, willing to serve,
that hold the seven largest unsecured claims against the debtor of
the kinds represented on the committee.

Section 1103 of the Bankruptcy Code provides that the Committee may
consult with the debtor, investigate the debtor and its business
operations and participate in the formulation of a plan of
reorganization.  The Committee may also perform other services as
are in the interests of the unsecured creditors whom it
represents.

                 About BCBG Max Azria Group, LLC

BCBG Max Azria Group began with a single idea -- to create a
beautiful dress.  Founded in 1989, BCBG was named for the French
phrase "bon chic, bon genre," a Parisian slang meaning "good style,
good attitude."  The brand embodies a true combination of European
sophistication and American spirit.  The BCBG Max Azria label is
sold online, in freestanding boutiques and partner shops at top
department stores across the globe.

BCBG Max Aria and its affiliates filed for bankruptcy (Bankr.
S.D.N.Y., Case No. 17-10466) on February 28, 2017.  The Debtors
have estimated assets of $100 million to $500 million and estimated
liabilities of $500 million to $1 billion.

Kirkland & Ellis LLP and Kirkland & Ellis International LLP
represent the Debtors.  Jefferies LLC serves as investment banker,
AlixPartners, LLP acts as restructuring advisor, and Donlin Recano
& Company LLC acts as claims and noticing agent.


BERGEN PLAZA: Daibes Buying Fairview Commercial Property for $3.6M
------------------------------------------------------------------
Judge Stacey L. Meisel of the U.S. Bankruptcy Court for the
District of New Jersey will convene a hearing on April 4, 2017 at
11:00 a.m. to consider Bergen Plaza Fairview, LLC's proposed sale
of commercial property located at 501-503 Fairview Avenue,
Fairview, New Jersey, to Fred A. Daibes for $3,600,000, subject to
higher and better offers.

Objections, if any, must be filed within the time permitted under
applicable Rule or otherwise as fixed by the Court.

The Debtor owns the Subject Property.  Because of the Debtor's
record interest in the Subject Property, it is necessary to apply
for an Order authorizing conveyance of the Debtor's interest in the
Subject Property free and clear of liens.  The said property is
encumbered by one mortgage and a tenant described as:

          a. A Mortgage, dated Sept. 7, 2007 (as modified several
times, most recently in a Fourth Mortgage Modification, dated Nov.
9, 2015), between Bergen Plaza and Alexander Dingertopadre in the
approximate amount of $1,285,739 (inclusive of principal, interest,
late fees and other charges) recorded on Sept. 12, 2007 in the
Bergen County Clerk's Office in Mortgage Book 16978, Page 136
("Dingerpotadre Mortgage").

          b. Pursuant to the Fourth Mortgage Modification
referenced, Mr. Dingerpotadre is authorized to occupy the Subject
Property rent free until the Dingerpotadre Mortgage is paid in
full.

The Debtor entered into a contract to sell the Subject Property
("Contract of Sale") with the Purchaser for the total sum of
$3,600,000.  The Purchaser is a purchaser for "value."  The
proffered purchase price for the Subject Property is a fair offer.
Under the terms of sale, the Purchaser is paying cash at closing
sufficient to satisfy the Dingerpotadre Mortgage plus ordinary
closing costs, and executing a promissory note and mortgage in
favor of the Debtor for the balance of the $3,600,000 purchase
price.

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

     http://bankrupt.com/misc/Bergen_Plaza_7_Sales.pdf

The Debtor believes the sale price of $3,600,000 is a fair offer
based on a number of factors.  First, the Subject Property has been
marketed for sale since 2015 and the offer from the Purchaser is
the only offer received that was not contingent on future municipal
approvals.  Second, the Purchaser is prepared to close immediately,
has completed his due diligence, and has already placed the sum of
$1,300,000 in its attorney's trust account as proof of the
available funds to pay off the Dingerpotadre Mortgage.

It is in the best interest of the estate to sell the Subject
Property because the Subject Property represents Debtor's only
asset, and its sale will result in the immediate satisfaction of
the Debtor's secured liability and closing costs.

At the closing, the proceeds of the sale allocated to the Debtor
($3,600,000) will be utilized to pay off the Dingerpotadre Mortgage
and ordinary closing costs, including, but not limited to, any
applicable broker's commission (if any) as allowed by the Court.
The balance of sale proceeds remaining after payment of the
Dingerpotadre Mortgage and the costs at closing (if any) will be
deposited into trust with The Kelly Firm, P.C. ("Escrow Agent"),
with any remaining valid liens, claims and encumbrances to attach
to the net proceeds of sale.  The funds will thereafter be
disbursed by the Escrow Agent in accordance with any Plan of
Reorganization approved by the Court or any other order
subsequently entered by the Court approving further disbursement of
the proceeds.

In light of the foregoing, the Debtor respectfully asks that the
Court authorize the sale of the Subject Property to the Purchaser
(or to such other purchaser who submits a higher and better offer
as determined by the Court) free and clear of all liens, claims and
encumbrances; and to further authorize the disbursement of the
closing proceeds in accordance with the terms set forth.

The Purchaser can be reached at:

          Fred A. Daibes
          1000 Portside Drive
          Edgewater, NJ 07020

                        About Bergen Plaza Fairview

Bergen Plaza Fairview, LLC, sought Chapter 11 protection (Bankr.
D.N.J. Case No. 17-13370) on Feb. 22, 2017.  Judge Stacey L. Meisel
is assigned to the case.  The petition was signed by Aaron Taub,
manager.

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

The Debtor tapped Andrew J. Kelly, Esq., at The Kelly Firm, P.C.,
as counsel.


BERNARD L. MADOFF: Former Employee Must Return $1.1 Million
-----------------------------------------------------------
William Gorta, writing for Bankruptcy Law360, reports that a New
York federal judge on Feb. 24 ordered Andrew H. Cohen, who worked
at Bernard L. Madoff Investment Securities from 1991 through 2000
and was not part of the Ponzi scheme, to give up the $1.1 million
he withdrew from his investment account at the company.

Law360 recalls that Mr. Cohen thought the money were profits on
investments but instead was money from newer Ponzi scheme victims.
The report says that Trustee Irving Picard sued Mr. Cohen, seeking
to claw back that money.

                    About Bernard L. Madoff

Bernard L. Madoff Investment Securities LLC and Bernard L. Madoff
orchestrated the largest Ponzi scheme in history, with losses
topping US$50 billion.  On Dec. 15, 2008, the Honorable Louis A.
Stanton of the U.S. District Court for the Southern District of
New York granted the application of the Securities Investor
Protection Corporation for a decree adjudicating that the customers
of BLMIS are in need of the protection afforded by the Securities
Investor Protection Act of 1970.  The District Court's Protective
Order (i) appointed Irving H. Picard, Esq., as trustee for the
liquidation of BLMIS, (ii) appointed Baker & Hostetler LLP as his
counsel, and (iii) removed the SIPA Liquidation proceeding to the
Bankruptcy Court (Bankr. S.D.N.Y. Adv. Pro. No. 08-01789)
(Lifland,
J.).  Mr. Picard has retained AlixPartners LLP as claims agent.

On April 13, 2009, former BLMIS clients filed an involuntary
Chapter 7 bankruptcy petition against Bernard Madoff (Bankr.
S.D.N.Y. 09-11893).  The petitioning creditors -- Blumenthal &
Associates Florida General Partnership, Martin Rappaport
Charitable Remainder Unitrust, Martin Rappaport, Marc Cherno,  and
Steven Morganstern -- assert US$64 million in claims against Mr.
Madoff based on the balances contained in the last statements they
got from BLMIS.

On April 14, 2009, Grant Thornton UK LLP as receiver placed Madoff
Securities International Limited in London under bankruptcy
protection pursuant to Chapter 15 of the U.S. Bankruptcy Code
(Bankr. S.D. Fla. 09-16751).  The Chapter 15 case was later
transferred to Manhattan.  In June 2009, Judge Lifland approved
the consolidation of the Madoff SIPA proceedings and the
bankruptcy case.

Judge Denny Chin of the U.S. District Court for the Southern
District of New York on June 29, 2009, sentenced Mr. Madoff to 150
years of life imprisonment for defrauding investors in United
States v. Madoff, No. 09-CR-213 (S.D.N.Y.).

From recoveries in lawsuits coupled with money advanced by SIPC,
Mr. Picard has commenced distributions to victims.  As of Dec. 14,
2016, the SIPA Trustee has recovered more than $11.486 billion
and, following the eight interim distribution in January 2017,
will raise total distributions to approximately $9.72 billion,
which includes more than $839.6 million in advances committed by
SIPC.


BIOPLANET CORP: Hearing on Cash Collateral Use Continued to March 8
-------------------------------------------------------------------
The Hon. Karen Brown will continue March 8, 2017, at 2:00 p.m., the
March 7, 2017 hearing to consider BioPlanet Corp.'s use of cash
collateral.  

As reported by the Troubled Company Reporter on Feb. 23, 2017,
Judge Brown authorized the Debtor to use cash collateral on an
interim basis until March 10, 2017.         

On Feb. 10, 2017, the Debtor filed a motion for interim court order
authorizing use of cash collateral in which AmegyBank asserts an
interest through March 10, 2017.  The Debtor requires the immediate
use of cash collateral to maintain ongoing operations.  A copy of
the motion and the budget is available at:

                     https://is.gd/s0Ha52
                     https://is.gd/hQpuG7

These creditors have provided funding to the Debtor in various
amounts over the past three years in exchange for liens against the
Debtor's cash collateral including cash, accounts, accounts
receivable, chattel paper, and other cash collateral: AmegyBank,
Mercantil Commercebank, N.A., Strategic Outsourcing Solutions,
LiftForward, Inc., Corporation Service Company, as representative
for FundationGroup, LLC, Fox Capital Group, Inc., Corporation
Service Company, as representative for a secured cash collateral
creditor, and LiftForward.

AmegyBank's claim against the Debtor's cash collateral is
approximately $149,000.  The value of the Debtor's personal
property is only sufficient to secure AmegyBank's lien against cash
collateral and other assets.

Mercanil, SOS, LiftForward, CSC, and Fox Capital are unsecured for
purposes of Debtor's cash collateral motion.

As partial adequate protection of AmegyBank, Mercanil Commercebank,
Strategic Outsourcing Solutions, LiftForward, Inc., Corporation
Service Company, and Fox Capital Group's interest in the
prepetition collateral, and against any diminution in the value of
the collateral during the case, taking into account all factors in
the case, the Debtor grants, efffective as of the Petition Date,
valid and automatically perfected priority replacement and
additional liens and security interests.

As further adequate protection, the Debtor will make periodic cash
payments sufficient to adequately protect AmegyBank's interest in
property and cash collateral.  More specifically, the Debtor will
make monthly payments of $750 to AmegyBank with the first payment
due on March 1, 2017.  Should the Debtor fail to make any monthly
payment by the due date and fail to cure the default within 10 days
after notice of the default is sent to the Debtor and the Debtor's
counsel, and a notice of the default and of the failure to cure is
filed with the Court by AmegyBank, then all authority under the
court order to use the cash collateral will cease.

                      About BioPlanet Corp.

BioPlanet Corp., a corporation with its main office in Katy, Texas,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
S.D. Tex. Case No. 17-30684) on Feb. 5, 2017.  The petition was
signed by Bernardo Herrero, director.  The case is assigned to
Judge Karen K. Brown. At the time of the filing, the Debtor
estimated its assets and debts at $1 million to $10 million.

The Debtor is represented by Adelita Cavada, Esq. at The Perez Law
Firm.


BIOSCRIP INC: Camber Capital Has 8.65% Equity Stake as of Dec. 31
-----------------------------------------------------------------
Camber Capital Management LLC and Stephen DuBois disclosed in an
amended Schedule 13G filed with the Securities and Exchange
Commission that as of Dec. 31, 2016, they beneficially own
10,180,000 shares of common stock of Bioscrip Inc. representing
8.65 percent of the shares outstanding.  A full-text copy of the
regulatory filing is available for free at https://is.gd/CEwPTN

                      About Bioscrip, Inc.

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'.


BIOSCRIP INC: North Tide Has 7.2% Equity Stake as of Dec. 31
------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, North Tide Capital, LLC and Conan Laughlin disclosed
that as of Dec. 31, 2016, they beneficially own 8,500,000 shares of
common stock of Bioscrip Inc. representing 7.2 percent of the
shares outstanding.  North Tide Capital Master, LP also reported
beneficial ownership of 5.7 percent equity stake as of that date.
A full-text copy of the regulatory filing is available at:

                    https://is.gd/HP2uQz

                      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 $595.4 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'.


BIOSCRIP INC: Philip Hempleman Reports 5.4% Stake as of Dec. 31
---------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, these reporting persons disclosed beneficial ownership
of shares of common stock of BioScrip Inc. as of Dec. 31, 2016:

                                   Shares        Percentage
  Reporting                      Beneficially        of
    Person                          Owned          Shares
  ---------                      ------------    -----------
Ardsley Partners Fund II, L.P.    2,099,400         1.8%

Ardsley Partners Institutional    2,461,000         2.1%
Fund, L.P.

Ardsley Duckdive Fund, L.P.         200,000         0.2%

Ardsley Partners Advanced         1,439,600         1.2%
Healthcare Fund, L.P.

Ardsley Healthcare Fund, L.P.       100,000         0.1%  

Ardsley Ridgecrest Partners Fund,    50,000         0.1%    
L.P.

Ardsley Advisory Partners         6,350,000         5.4%

Ardsley Partners I                6,050,000         5.1%

Philip J. Hempleman               6,350,000         5.4%

The Company's most recent quarterly report on Form 10-Q for the
quarterly period ended Sept. 30, 2016, filed with the Securities
and Exchange Commission on Nov. 8, 2016, indicates that the total
number of outstanding shares of Common Stock as of Nov. 4, 2016 was
117,682,543.

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

                     https://is.gd/N297ZL

                        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'.


BIOSTAGE INC: Anson Funds et al. Cease to be 5% Shareholders
------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Anson Funds Management LP, Anson Management GP LLC,
Bruce R. Winson, Anson Advisors Inc., Adam Spears and Moez Kassam
disclosed that as of Dec. 31, 2016, they are the beneficial owners
of 472,813 shares of common stock of Biostage, Inc. representing
2.7 percent of the shares outstanding.

The percentage is determined by dividing 472,813 by the sum of (i)
17,108,968, the number of shares of Common Stock issued and
outstanding as of Nov. 9, 2016, as reported in the Issuer's most
recent 10-Q filed on Nov. 10, 2016, and (ii) 472,813, the number of
shares of Common Stock receivable by the Fund upon exercise of
presently held warrants.

Anson Funds Management LP is a limited partnership organized under
the laws of the State of Texas.  Anson Management GP LLC is a
limited liability company organized under the laws of the State of
Texas.  Mr. Winson is a United States citizen. Anson Advisors
Inc.is a corporation organized under the laws of Ontario, Canada.
Mr. Spears and Mr. Kassam are each Canadian citizens.

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

                      https://is.gd/Uw29x0

                          About Biostage

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

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

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

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


BONANZA CREEK: Barclays Reports 6% Equity Stake as of Dec. 31
-------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Barclays PLC and Barclays Bank PLC reported that they
are the beneficial owners of 2,989,116 shares of common stock
Bonanza Creek Energy, Inc. representing 6.02 percent of the shares
outstanding.  A full-text copy of the regulatory filing is
available for free at https://is.gd/8QTLtk

                    About Bonanza Creek Energy

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

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

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

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

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


BONANZA CREEK: Hutchin Hill et al. Have 8.3% Stake as of Dec. 31
----------------------------------------------------------------
Hutchin Hill Capital, LP, Hutchin Hill Capital GP, LLC and Neil A.
Chriss disclosed that as of Dec. 31, 2016, they beneficially own
4,119,600 shares of common stock of Bonanza Creek Energy, Inc.
which represents 8.3 percent of the shares outstanding.  The
percentage is calculated based upon 49,672,252 Shares outstanding,
which reflects the number of Shares outstanding as of Nov. 7, 2016,
as reported in the Company's quarterly report on Form 10-Q filed on
Nov. 9, 2016.  A full-text copy of the regulatory filing is
available for free at https://is.gd/XSi8OV

                   About Bonanza Creek Energy

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

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

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

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

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


BRAS TRADING: Engineering Firm Files for Chapter 7 Bankruptcy
-------------------------------------------------------------
Doral, Florida-based Bras Trading Inc., filed for bankruptcy under
Chapter 7 of the Bankruptcy Code (Bankr. S.D. Fla. Case No.
17-11752) on Feb. 14, 2017.

Judge Laurel M. Isicoff presides over the case.

The meeting of creditors is slated for March 13, 2017.  The claims
deadline is June 12, 2017.

The Trustee can be reached at:

         Soneet Kapila
         http://www.kapilatrustee.com
         PO Box 14213
         Ft Lauderdale, FL 33302

The Debtor is represented by:

         Gonzalo Perez Jr.
         THE LAW OFFICE OF GONZALO PEREZ JR., P.A.
         7915 Coral Way  
         Miami, Florida  33155  
   Tel: (305) 265-8228  
         Fax: (305) 265-8229  
         E-mail: office@gperezlaw.com  

The American Bankruptcy Institute, citing Debora Lima of the South
Florida Business Journal, reported that Bras Trading said it owes
more than $70 million to creditors.

Bras Trading is billed as an engineering and infrastructure firm
specializing in telecommunications and energy.

Of the approximately $73.3 million Bras Trading owes, a sizable
chunk is owed to just one company, the report said, citing the
bankruptcy filing.  Eutelsat do Brazil, a Miami-based holding
company for Brazilian telecommunications firm Eutelsat do Brasil,
is owed $64 million by Bras trading, the report further related.

Bras Trading also owes $4 million to Gilat Satellite Network, a
publicly traded Israeli company with an office in downtown Miami,
the report added.

Both Gilat (Nasdaq: GILT) and Eutelsat have lawsuits against Bras
Trading pending in federal court, the report said.


BUFFETS LLC: Unsecureds to Recover 10% Under Amended Plan
---------------------------------------------------------
Buffets, LLC, et al., filed with the U.S. Bankruptcy Court for the
Western District of Texas an amended disclosure statement for their
amended joint plan of reorganization, which proposes to give
general unsecured creditors 10% of the allowed claims.

The amended plan is a new value plan.  Existing direct or indirect
equity holders and/or their affiliates will contribute not less
than $6.5 million, and to the extent necessary will contribute
additional amounts to finance the exit on the Effective Date
through a newly formed entity, Alamo Buffets, LLC.  Ownership of
Alamo Buffets, LLC, will be allocated among the partners and
insiders contributing the $6.5 million initial capital contribution
to the Unsecured Creditors' Trust.  The funds for the $6.5 million
contribution are currently held by FMP SA Management and affiliates
along with funds held by the Insiders in their own accounts.

The Plan further contemplates:

   -- payment in full in Cash by the Debtors or Reorganized Debtors
either on or after the Effective Date to holders of Allowed
Administrative Claims;

   -- payment in full in Cash by the Debtors or Reorganized Debtors
of Fee Claims within three  business days of a Final Order allowing
such claims, provided fee applications are filed within 30 days
after the Effective Date;

   -- payment to holders of Priority Claims will be paid in
quarterly cash installments by the Debtors or Reorganized Debtors,
commencing on the first day of the first month following the
Effective Date, over a period of five years with interest;

   -- payment of Allowed Other Secured Claims (which exclude the
Subordinated Claims and the ACE Companies' Claims), if any, in the
ordinary course by the Debtors or Reorganized Debtors or return the
Collateral for Credit. The Debtor at its option may either: (i)
reinstate and be rendered unimpaired; or (ii) seek a determination
of the value of the Collateral and within thirty (30) days of the
Final Order as to the value of the Collateral pay the value in full
in Cash or as may otherwise be agreed between Debtors and holder of
Allowed Other Secured Claim; or (iii) return the Collateral to the
holder of the Allowed Other Secured Claim.

   -- payment in full in Cash by the Debtors or Reorganized Debtors
to holders of Allowed PACA Claims within 30 days after the
Effective Date or within 3 business days after a Final Order
allowing such claims;

   -- payment of Allowed General Unsecured Claims by funding $6.5
million in cash plus a first-in-priority secured promissory note in
the amount of $5.25 million to an Unsecured Creditors' Trust
payable over two years, assigning certain Avoidance Actions and
other Causes of Action to the trust, and collateral assignment of
certain real property leases to the trust, as well as assignment of
certain recovery rights with respect to Assigned Non-Debtor Causes
of Action of the Debtors’ Non-Debtor Parent Companies.  General
unsecured claimants will approximately recover 10% of their
claims.

   -- payment to Convenience Claims will be paid in cash ten
percent of their claim or pro rata share of a maximum combined
distribution in the amount of $425,000 funded out of the Unsecured
Creditors' Trust.

The initial plan asserted the following:

   -- payment of Fee Claims in full in cash within three days of a
Final Order allowing them;

   -- payment of DIP Financing in 2 installments by the 90th day
after the Plan Effective Date;

   -- payment of (i) Priority Tax Claims, (ii) Property Tax Claims,
and (iii) Other Priority Claims in quarterly cash installments over
a period of five years with interest;

   -- payment to Allowed Other Secured Claims in the ordinary
course or return the Collateral for Credit;

   -- payment of Allowed PACA Claims in full in cash within 30 days
of the Plan Effective Date or within 3 days after a Final Order
allowing them;

   -- Ace Companies Claims will retain sufficient collateral to
fully satisfy their secured claim; and
    
   -- payment in cash of 50% of Convenience Claims on the Initial
Distribution Date.

The Second Amended Disclosure Statement is available at:

        http://bankrupt.com/misc/txwb16-50557-2243.pdf

                    About Buffets LLC

Buffets LLC, et al., are one of the largest operators of
buffet-style restaurants in the U.S.  The buffet restaurants,
located in 25 states, principally operate under the names Old
Country  Buffet(R), Country Buffet(R), HomeTown(R) Buffet,
Ryan's(R) and Fire Mountain(R).  These locations primarily offer
self-service buffets with entrees, sides, and desserts for an
all-inclusive price.  In addition, Buffets owns and operates an
10-unit full service, casual dining chain under the name Tahoe
Joe's Famous Steakhouse(R).

Buffets Holdings, Inc., filed for Chapter 11 relief in January
2008 and won confirmation of a reorganization plan in April 2009.
In January 2012, Buffets again sought Chapter 11  protection and
emerged from bankruptcy in July 2012.

On Aug. 19, 2015, Alamo Ovation, LLC acquired Buffets Restaurants
Holdings, Inc., and as a result of the merger, Buffets operated
over 300 restaurants in 35 states.

Down to 150 restaurants in 25 states after closing unprofitable
locations, Buffets LLC and its affiliated entities sought Chapter
11 protection (Bankr. W.D. Tex. Case No. Lead Case No. 16-50557)
in San Antonio, Texas, on March 7, 2016.  The cases are assigned
to Judge Ronald B. King.

The Debtors have tapped John E. Mitchell, Esq., David W. Parham,
Esq., Andrea Hartley, Esq., Esther A. McKean, Esq., and Amy M.
Leitch, Esq., at Akerman, LLP as counsel; Bridgepoint Consulting,
LLC as financial advisor; and Donlin, Recano & Company as claims
And noticing agent.


BULOVA TECHNOLOGIES: Delays Filing of Dec. 31 Form 10-Q
-------------------------------------------------------
Bulova Tecnologies Group, Inc., filed a Form 12b-25 with the
Securities and Exchange Commission notifying the delay in the
filing of its quarterly report on Form 10-Q for the period ended
Dec. 31, 2016.

"The compilation, dissemination and review of the information
required to be presented in the Form 10-Q for the quarter ending
December 31, 2016 could not be completed and filed by February 14,
2017, without undue hardship and expense to the registrant.  The
registrant anticipates that it will file its Form 10-Q for the
quarter ended Dec. 31, 2016 within the "grace" period provided by
Securities Exchange Act Rule 12b-25."

                         About Bulova

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

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


C & D PRODUCE: Intends to File Plan of Reorganization by May 16
---------------------------------------------------------------
C & D Produce Outlet, Inc., requests the U.S. Bankruptcy Court for
the Southern District of Florida to extend its exclusive period to
file a plan of reorganization through and including May 16, 2017,
and extending the exclusive period to July 17, 2017.

The Debtor relates that C&D Outlet North, Inc desires to sell the
real property and/or business operations located at 8915 North
Military Trail, Palm Beach Gardens, FL.  The Debtor further relates
that the sale of said property will be accompanied by a Plan of
Reorganization to take advantage of significant tax savings.  The
Debtor believes that the sale will generate more available funds to
distribute to creditors.  Accordingly, the Debtor requests that the
exclusivity deadline be extended to allow the sale of the
aforementioned property to take place.

                    About C & D Produce Outlet

C & D Produce Outlet, Inc., and C & D Produce Outlet - South, Inc.,
filed separate chapter 11 petitions (Bankr. S.D. Fla. Case Nos.
16-15760 and 16-15764) on April 21, 2016.  The petitions were
signed by Carol Saldana, the Debtors' president.  The Debtors are
represented by Craig I. Kelley, Esq., at Kelley & Fulton, P.L.  The
Debtors tapped Mary P. Rodgers, CPA, of Ackerman Rodgers CPA, PLLC,
as accountant.  At the time of the filing, C & D Produce Outlet,
Inc. estimated assets at $0 to $50,000 and liabilities at $100,000
to $500,000; C & D Produce Outlet - South, Inc. estimated assets at
$0 to $50,000  and liabilities at $500,000 to $1 million.


CAPITAL CONSTRUCTION: Case Summary & 2 Unsecured Creditors
----------------------------------------------------------
Debtor: Capital Construction Services, LLC
        325 Fox Hill Road
        Wethersfield, CT 06109

Case No.: 17-20293

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: March 2, 2017

Court: United States Bankruptcy Court
       District of Connecticut (Hartford)

Judge: Hon. James J. Tancredi

Debtor's Counsel: Stephen P. Sztaba, Esq.
                  STEPHEN P. SZTABA, ATTORNEY AT LAW
                  450 Main Street, Suite 200
                  New Britain, CT 06050
                  Tel: (860) 223-0314
                  E-mail: sps.attysztaba@sbcglobal.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $100,000 to $500,000

The petition was signed by Alan A. Klavins, principal.

A copy of the Debtor's list of two unsecured creditors is available
for free at http://bankrupt.com/misc/ctb17-20293.pdf


CAPITAL TRANSPORTATION: Seeks to Hire Chartwell as Claims Counsel
-----------------------------------------------------------------
Capital Transportation, Inc. seeks approval from the U.S.
Bankruptcy Court for the Southern District of Florida to hire The
Chartwell Law Offices as its special counsel.

Chartwell will represent the Debtor in legal actions pending in
various courts in Leon County, Florida, most of which are either
related to the defense of negligence claims or the prosecution of
claims related to damage sustained to the Debtor's vehicles.  

The firm will also prosecute additional claims on behalf of the
Debtor, which have yet to be filed.

Chartwell will either receive a contingency fee of 20% of the
recovery amount, or will be paid on an hourly basis depending on
the case.  The firm charges an hourly rate of $150 for the services
of its attorney and $90 for its paralegals.

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

The firm can be reached through:

     Michael J. Bonfanti, Esq.
     The Chartwell Law Offices
     3020 N. Shannon Lakes Drive
     Tallahassee, FL 32309
     Phone Number: (850) 205-0482
     Fax: (850) 668-7972
     Email: mbonfanti@chartwelllaw.com

                  About Capital Transportation

Capital Transportation, Inc. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. S.D. Fla. Case No. 17-11664) on
February 10, 2017.  The petition was signed by John Camillo,
president.  David A. Ray, P.A. represents the Debtor as legal
counsel.

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


CAR CHARGING: Horton Capital Reports 6.7% Stake as of Dec. 31
-------------------------------------------------------------
Horton Capital Partners, LLC, Horton Capital Management, LLC and
Joseph M. Manko, Jr., diclosed in an amended Schedule 13G filed
with the Securities and Exchange Commission that as of Dec. 31,
2016, they are the beneficial owners of 5,741,929 shares of common
stock of Car Charging Group, Inc. representing 6.7 percent of the
shares outstanding.  A full-text copy of the regulatory filing is
available for free at https://is.gd/gTDXEa

                       About Car Charging

Miami Beach, Florida-based Car Charging Group, Inc., is a leading
owner, operator, and provider of electric vehicle charging
equipment and networked EV charging services.  The Company offers
both residential and commercial EV charging equipment, enabling EV
drivers to easily recharge at various location types.

Car Charging reported a net loss attributable to common
shareholders of $9.58 million in 2015 compared to a net loss
attributable to common shareholders of $22.71 million in 2014.

As of Sept. 30, 2016, Car Charging had $1.97 million in total
assets, $23.04 million in total liabilities, $825,000 in series B
convertible preferred stock and a total stockholders' deficiency of
$21.89 million.

Marcum LLP, in New York, NY, issued a "going concern" qualification
on the consolidated financial statements for the year ended Dec.
31, 2015, noting that the Company has incurred net losses since
inception and needs to raise additional funds to meet its
obligations and sustain its operations.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


CAR CHARGING: Wolverine et al. Have 7.7% Stake as of Dec. 31
------------------------------------------------------------
Wolverine Flagship Fund Trading Limited, Wolverine Asset
Management, LLC, Wolverine Holdings, L.P., Wolverine Trading
Partners, Inc., Christopher L. Gust and Robert R. Bellick disclosed
in an amended Schedule 13G filed with the Securities and Exchange
Commission that as of Dec. 31, 2016, they beneficially own
3,351,238 shares of common stock, Warrants to purchase 2,500,000
shares of common stock, and Series C Preferred Stock convertible
into 543,571 shares of common stock of Car Charging Group, Inc.
representing 7.7 percent of the shares outstanding.
A full-text copy of the regulatory filing is available at:

                      https://is.gd/UhVdNy

                       About Car Charging

Miami Beach, Florida-based Car Charging Group, Inc., is a leading
owner, operator, and provider of electric vehicle charging
equipment and networked EV charging services.  The Company offers
both residential and commercial EV charging equipment, enabling EV
drivers to easily recharge at various location types.

Car Charging reported a net loss attributable to common
shareholders of $9.58 million in 2015 compared to a net loss
attributable to common shareholders of $22.71 million in 2014.

As of Sept. 30, 2016, Car Charging had $1.97 million in total
assets, $23.04 million in total liabilities, $825,000 in series B
convertible preferred stock and a total stockholders' deficiency of
$21.89 million.

Marcum LLP, in New York, NY, issued a "going concern" qualification
on the consolidated financial statements for the year ended Dec.
31, 2015, noting that the Company has incurred net losses since
inception and needs to raise additional funds to meet its
obligations and sustain its operations.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


CARVER BANCORP: Appoints CEO, Boards of Directors
-------------------------------------------------
On February 21, 2017, the Boards of Directors of Carver Bancorp,
Inc. and Carver Federal Savings Bank appointed John J. Fitzpatrick
to serve as Chief Operating Officer of the Company and the Bank,
effective immediately. Mr. Fitzpatrick previously served as Chief
Operating Officer of Fieldpoint Private Bank and Trust and as
Senior Vice President and Director of Operations for Sterling
National Bank.

Mr. Fitzpatrick is not a party to any transaction with the Company
or the Bank that would require disclosure under Item 404(a) of
Regulation S-K.

On February 21, 2017, the Boards of Directors of the Company and
the Bank, by resolution of each of the Boards and following
confirmation of the OCC's non-objection, appointed Craig C. MacKay
and William J. Taggart to the Boards of Directors of the Company
and the Bank.

Craig C. MacKay is a Managing Director and Partner of England &
Company. He has over 20 years of investment banking experience
focused on private financings for middle market companies.

William J. Taggart is Chief Operating Officer and
Executive-In-Residence at Morehouse College. Mr. Taggart was
previously President and Chief Executive Officer of the Atlanta
Life Financial Group, and also served as Chief Operating Officer
for Federal Student Aid at the U.S. Department of Education.

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

                        https://is.gd/Z99auq

                         About Carver Bancorp, Inc.

Carver Bancorp, Inc., -- http://www.carverbank.com/--
(Nasdaq:CARV) Carver Bancorp, Inc. is the holding company for
Carver Federal Savings Bank (Carver Federal or the Bank), a
federally chartered savings bank.  The Company conducts business
as
a unitary savings and loan holding company, and the business of the
Company consists of the operation of its wholly owned subsidiary,
Carver Federal. Carver Federal serves African-American communities
whose residents, businesses and institutions had limited access to
mainstream financial services.  It provides deposit products, such
as demand, savings and time deposits for consumers, businesses, and
governmental and quasi-governmental agencies in its market area
within New York City.

Carver Bancorp reported a net loss attributable to the Company of
$170,000 for the year ended March 31, 2016, following a net loss
attributable to the Company of $272,000 for the year ended March
31, 2015.

KPMG LLP, in New York, issued a "going concern" qualification on
the consolidated financial statements for the year ended March 31,
2016, citing that the Company has deferred interest payments on its
junior subordinated debentures through March 31, 2016.  Under the
terms of the debentures, the Company may defer payments for up to
twenty consecutive quarters without creating an event of default.
Payment for the twentieth quarterly interest deferral period is due
in September 2016 and is subject to approval by the Company's
banking regulator.  The auditors said the ability of the Company to
meet its debt service obligations raises substantial doubt about
its ability to continue as a going concern.


CARVER BANCORP: Expects to File Form 10-Q within Extension Period
-----------------------------------------------------------------
Carver Bancorp, Inc. said it could not complete the filing of its
quarterly report on Form 10-Q for the period ended Dec. 31, 2016,
due to delays in obtaining and compiling information to be included
in its Form 10-Q, which delay could not be eliminated by the
Company without unreasonable effort and expense.  Specifically, in
connection with the completion of the Company's quarter-end closing
and review procedures and the preparation of the Form 10-Q, the
Company determined that accounting adjustments related to a limited
pool of loans serviced by a third party were necessary.  The
Company is evaluating the impact of these accounting adjustments on
prior financial statements, if any.  The Company expects to file
the Form 10-Q no later than five calendar days after its original
due date, according to a Form 12b-25 filed with the Securities and
Exchange Commission.

                  About Carver Bancorp, Inc.

Carver Bancorp, Inc., -- http://www.carverbank.com/--
(Nasdaq:CARV) Carver Bancorp, Inc. is the holding company for
Carver Federal Savings Bank (Carver Federal or the Bank), a
federally chartered savings bank.  The Company conducts business as
a unitary savings and loan holding company, and the business of the
Company consists of the operation of its wholly owned subsidiary,
Carver Federal. Carver Federal serves African-American communities
whose residents, businesses and institutions had limited access to
mainstream financial services.  It provides deposit products, such
as demand, savings and time deposits for consumers, businesses, and
governmental and quasi-governmental agencies in its market area
within New York City.

Carver Bancorp reported a net loss attributable to the Company of
$170,000 for the year ended March 31, 2016, following a net loss
attributable to the Company of $272,000 for the year ended
March 31, 2015.

As of Dec. 31, 2016, Carver had $698.9 million in total assets,
$647.5 million in total liabilities and $51.42 million in total
equity.

KPMG LLP, in New York, issued a "going concern" qualification on
the consolidated financial statements for the year ended March 31,
2016, citing that the Company has deferred interest payments on its
junior subordinated debentures through March 31, 2016.  Under the
terms of the debentures, the Company may defer payments for up to
twenty consecutive quarters without creating an event of default.
Payment for the twentieth quarterly interest deferral period is due
in September 2016 and is subject to approval by the Company's
banking regulator.  The auditors said the ability of the Company to
meet its debt service obligations raises substantial doubt about
its ability to continue as a going concern.


CATASYS INC: Reports 2016 Net Loss of $17.9 Million
---------------------------------------------------
Catasys, Inc. filed with the U.S. Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss of
$17.93 million on $7.07 million of revenues for the year ended Dec.
31, 2016, compared to a net loss of $7.22 million on $2.70 million
of revenues for the year ended Dec. 31, 2015.

As of Dec. 31, 2016, Catasys had $3.10 million in total assets,
$28.43 million in total liabilities and a total stockholders'
deficit of $25.32 million.

As of Feb. 24, 2017, the Company had a balance of approximately
$585,000 cash on hand.  The Company had working capital deficit of
approximately $20.7 million as of Dec. 31, 2016.  The Company has
incurred significant net losses and negative operating cash flows
since its inception.

"We expect to continue to incur negative cash flows and net losses
for the next twelve months.  Our current cash burn rate is
approximately $450,000 per month.  We expect our current cash
resources and contracted bridge loans to cover our operations
through March 31, 2017; however, delays in cash collections,
revenue, or unforeseen expenditures could impact this estimate.  We
are in need of additional capital, however, there is no assurance
that additional capital can be timely raised in an amount which is
sufficient for us or on terms favorable to us and our stockholders,
if at all.  If we do not obtain additional capital, there is
significant doubt as to whether we can continue to operate as a
going concern and whether we will need to curtail or cease
operations or seek bankruptcy relief.  If we discontinue
operations, we may not have sufficient funds to pay any amounts to
our stockholders.

"Our ability to fund our ongoing operations and continue as a going
concern is dependent on increasing the number of members that are
eligible for our solutions by signing new contracts, identifying
more eligible members in existing contracts, and generating fees
from existing and new contracts and the success of management's
plan to increase revenue and continue to control expenses.  We
currently operate our OnTrak solutions in eighteen states.  We
provide services to commercial (employer funded), managed Medicare
Advantage, and managed Medicaid and duel eligible (Medicare and
Medicaid) populations.  We have generated fees from our launched
programs and expect to increase enrollment and fees throughout
2017.  However, there can be no assurance that we will generate
such fees or that new programs will launch as we expect. We are in
need of additional capital, however, there is no assurance that
additional capital can be timely raised in an amount which is
sufficient for us or on terms favorable to us and our stockholders,
if at all.  If we do not obtain additional capital, there is a
significant doubt as to whether we can continue to operate as a
going concern and we will need to curtail or cease operations or
seek bankruptcy relief.  If we discontinue operations, we may not
have sufficient funds to pay any amounts to our stockholders," the
Company stated in the report.

The Company's independent accounting firm Rose, Snyder & Jacobs
LLP, in Encino, California, issued a "going concern" qualification
on the consolidated financial statements for the year ended Dec.
31, 2016, citing that the Company has continued to incur
significant operating losses and negative cash flows from
operations during the year ended Dec. 31, 2016, and continues to
have negative working capital at Dec. 31, 2016.  These conditions
raise substantial doubt about the Company's ability to continue as
a going concern.

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

                      https://is.gd/Ey5os8

                        About Catasys Inc.

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


CHANNEL TECHNOLOGIES: Sonatech Buying Property for $329K
--------------------------------------------------------
Judge Peter H. Carroll of the U.S. Bankruptcy Court for the Central
District of California will convene a hearing on March 22, 2017 at
10:00 a.m. to consider Channel Technologies Group, LLC's Asset
Purchase Agreement, dated Feb. 22, 2017, with Sonatech, LLC in
connection with the private sale of property for $328,750.

Objections, if any, must be filed no later than 14 days prior to
the hearing on the Motion.

Channel Technologies Group 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.  Founded in 1959, the Debtor
is based in Santa Barbara, California and previously operated a
second manufacturing site with respect to its MSI subdivision (the
assets of which were previously sold in the case) in Littleton,
Massachusetts.  The Debtor supplies its products to a variety of
end-users, including the U.S. Navy and energy services companies.
Among the Debtor's customers are some of the largest United States
defense contractors, including Northrop Grumman, Lockheed Martin
and Raytheon.

Certain long-term supply contracts are onerous to the Debtor and
have negatively impacted and continue to negatively impact the
Debtor's cash flow.  Despite efforts to consensually address the
problematic aspects of certain of its contracts with the
counterparties through negotiations, prior to the Petition Date,
with some minor exceptions, the Debtor was unable to stop the
significant negative impact of such contracts on the Debtor's
business.  Although customer demand for its products and services
remains substantial, the Debtor has been unable to obtain necessary
further outside funding to complete certain long-term contracts (as
they currently exist) and invest in new equipment and research and
development.  The Debtor commenced the Case to expeditiously pursue
a potential sale of some or all of the Debtor's business to one or
more third parties and an orderly wind down of the remaining
business.

The Property consists of certain equipment, materials and other
assets, and related to certain classified projects of the Debtor's
Sonatech division for the U.S. Navy.  The Buyer is owned by certain
non-insider employees of the Debtor that have requisite security
clearance to work on the projects.

The Debtor has conducted a UCC search of purported lienholders of
the Property in conjunction with the proposed sale of the Property.
The only party asserting a lien on the Property of which the
Debtor is aware is Blue Wolf Capital Fund II, L.P.

The key terms of the APA are:

   a. Purchase Price: The consideration to be paid by the Buyer to
the Debtor for the Property will be cash in an amount equal to
$328,750, paid in the following installments: (i) $50,000
concurrent with the mutual execution and delivery of the APA; and
(ii) the balance at the closing.

   b. Assumption of Liabilities: Effective as of the closing, the
Buyer will assume all of the following: (i) without in any way
limiting the Buyer's obligations to bear and pay any and all cure
amounts that are payable with respect to any period prior to the
closing and are being assumed by the Buyer, all liabilities and
obligations of the Debtor first arising or accruing after the
closing under the leases and contracts to be assumed and assigned
under the APA; and (ii) all additional liabilities and obligations
set forth or described on Schedule 2.2.1 -(ii) to the APA.

   c. Sales, Use, and Other Taxes: Any sales, purchase, transfer,
stamp, documentary stamp, use or similar taxes under the laws of
the states in which any portion of the Property is located, or any
subdivision of any such state, or under any federal law or the laws
or regulations of any federal agency or authority, which may be
payable by reason of the sale or transfer of the Property under the
APA will be borne and paid by the Buyer.  Rent, current taxes,
prepaid advertising, utilities and other items of expense
(including, without limitation, any prepaid insurance, maintenance,
tax or common area or like payments) will be prorated between the
Debtor and the Buyer as of the closing.

   d. Free and Clear: The Property will be transferred to Buyer
free and clear of all liens, security interests, claims and
encumbrances.

   e. "As Is" Transaction: The Buyer acknowledges and agrees that,
except only as set forth in the APA, the Debtor neither makes nor
has made any representations or warranties whatsoever, express or
implied, with respect to any matter relating to the Property.

   f. Deadlines: The APA provides that the deadline to obtain
approval of the sale and APA and to close the sale is March 31,
2017.

   g. Restriction on Competition By Buyer Post-Closing: For a
period of one year after the Closing Date, the Buyer will not
engage in the direct marketing or direct selling to persons who are
Customers of the Debtor and/or distribution of any transducers of
the type currently produced or proposed to be produced by the
Debtor, nor will the Buyer use any of the Debtor's Intellectual
Property Rights directly or indirectly to reverse engineer, reverse
assemble, decompile or disassemble any Debtor product that is not
provided to Buyer in source code.

   h. Employee Confidentiality and Proprietary Rights Agreements:
Closing is conditioned upon each of the Transferred Employees
having executed and delivered to the Debtor a Confidentiality and
Proprietary Rights Agreement.

   i. Sublease: Closing is conditioned upon the Buyer and the
Debtor, as Sublessee and Sublessor, respectively, having entered
into a sublease relating to a portion of the Sonatech facility.

   j. Proposed Novation of Navy Contracts: (i) It is the intent of
the parties to transfer to and vest in the Buyer all of the
Debtor's right, title, and interest in and to the Contract Nos.
13G5232 and N00167-14-D-0003, each between the Debtor and the
United States Navy; and (ii) at the request of the Navy, the
Parties are effecting such transfer by novation rather than by the
Debtor's assumption of such Navy Contracts and assignment thereof
to the Buyer, and in furtherance of the foregoing, the Debtor
covenants and agrees that, the Debtor will not convey, transfer or
assign its right, title and interest in and to the Navy Contracts
to any third party other than to a successor of the Debtor which is
bound by the preceding covenants.

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

   http://bankrupt.com/misc/Channel_Technologies_211_Sales.pdf

The Property is specialized for relatively narrow applications that
are mission critical for the Buyer's customers.  The Debtor
believes the Buyer will pay the highest and best consideration for
the Property and the offer by Buyer as set forth in the APA is the
best offer received, or expected by the Debtor to be received, for
such assets.  Accordingly, the Debtor asks the Court to approve the
relief sought, and such other and further relief as is just and
proper.

The Buyer's obligation to perform under the APA is conditioned upon
entry of an order approving the transaction and the closing taking
place by March 31, 2017.  Accordingly, the Debtor asks that Rule
6004(h) be waived so the sale may be closed by the drop-dead date
in the APA of March 31, 2017.

The Purchaser:

          SONATECH, LLC
          Attn: Mr. Mark Shaw
          5535 Huntington Drive
          Santa Barbara, CA 93111
          Facsimile: (805) 966-3320
          E-mail: mtsinsbca@gmail.com

The Purchaser is represented by:

          Michael E. Pfau, Esq.
          REICKER, PFAU, PYLE & MCROY LLP
          1421 State Street, Suite B
          Santa Barbara, CA 93101
          Facsimile: (805) 966-3320
          E-mail: mpfau@rppmh.com

                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.


CHINACAST EDUCATION: Taps HK-Based Norton Rose as Counsel
---------------------------------------------------------
ChinaCast Education Corporation seeks approval from the U.S.
Bankruptcy Court for the Southern District of New York to employ
Norton Rose Fulbright Hong Kong as its special counsel.

Norton Rose will continue to represent the Debtor in certain
lawsuits pending in Hong Kong, including a "recovery action" it
filed against DMX Technologies and several others in the High Court
of Hong Kong Special Administrative Region Court of First
Instance.

Unlike other law firms retained by the Debtor, Hong Kong law
prohibits the use of contingent fee arrangements.  The hourly rates
charged by Norton Rose are its customary rates charged to other
clients, and are discounted by 20%.  

Wu Man Tsuen Alfred, Esq., disclosed in a court filing that the
firm does not represent any interest adverse to the Debtor or its
bankruptcy estate.

The firm can be reached through:

     Wu Man Tsuen Alfred, Esq.
     Norton Rose Fulbright Hong Kong
     38/F, Jardine House, 1 Connaught Place
     Central Hong Kong, SAR
     Tel: +852 3405 2300

                    About Chinacast Education

Chinacast Education Corp. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 16-13121) on November 9,
2016.  The petition was signed by Douglas Woodrum, chief financial
officer.  

The case is assigned to Judge Mary Kay Vyskocil.  Klestadt Winters
Jureller Southard & Stevens, LLP represents the debtor as its
bankruptcy counsel.

At the time of the filing, the Debtor estimated its assets at $500
million to $1 billion and debts at $10 million to $50 million.  

The Office of the U.S. Trustee has not yet appointed an official
committee of unsecured creditors.


CICERO INC: Privet Fund Director Designee Quits from Board
----------------------------------------------------------
Ryan Levenson notified Cicero Inc. of his resignation from the
Company's Board of Directors, effective Feb. 23, 2017.

Pursuant to Section 7(f) of the Investor Rights Agreement by and
among the Company, Privet Fund LP and John L. Steffens dated
July 15, 2015, Privet Fund also notified the Company of its intent
to designate Benjamin L. Rosenzweig as a replacement designee to
the Board to fill the vacancy resulting from Mr. Levenson's
resignation.  

Mr. Rosenzweig is currently a partner at Privet Fund Management
LLC, an investment management firm.  Prior to joining Privet Fund
Management LLC in September 2008, Mr. Rosenzweig served as an
investment banking analyst in the corporate finance group of
Alvarez and Marsal from June 2007 until May 2008, where he
completed multiple distressed mergers and acquisitions,
restructurings, capital formation transactions and similar
financial advisory engagements across several industries.  Mr.
Rosenzweig is currently a director of Startek, Inc. (NYSE:SRT),
PFSweb, Inc. (NASDAQ:PFSW) and Hardinge, Inc. (NASDAQ: HDNG).  Mr.
Rosenzweig formerly served as a director of RELM Wireless Corp.
(NYSE MKT: RWC).  Mr. Rosenzweig graduated magna cum laude from
Emory University with a Bachelor of Business Administration degree
in Finance and a second major in Economics.

                      About Cicero Inc.

Cary, N.C.-based Cicero, Inc., provides business integration
software solutions and also provides technical support, training
and consulting services as part of its commitment to providing
customers with industry-leading solutions.

The Company focuses on the customer experience management market
with emphasis on desktop integration and business process
automation with its Cicero XM(TM) products.  Cicero XM enables the
flow of data between different applications, regardless of the
type and source of the application, eliminating redundant entry
and costly mistakes.

Cicero Inc. reported a net loss applicable to common stockholders
of $3.81 million on $1.94 million of total operating revenue for
the year ended Dec. 31, 2015, compared to a net loss applicable to
common stockholders of $4.05 million on $1.90 million of total
operating revenue for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Cicero had $2.17 million in total assets,
$11.15 million in total liabilities and a total stockholders'
deficit of $8.98 million.

Cherry Bekaert LLP, in Raleigh, North Carolina, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, noting that the Company has suffered
recurring losses from operations and has a working capital
deficiency as of Dec. 31, 2015.  These conditions raise substantial
doubt about the Company's ability to continue as a going concern.


CIVIC PARTNERS: Wants to Use Northwest Bank's Cash Collateral
-------------------------------------------------------------
Civic Partners Sioux City, LLC, filed with the U.S. Bankruptcy
Court for the Northern District of Iowa a motion for approval of
its cash collateral stipulation with Northwest Bank.

The Stipulation is available at:

           http://bankrupt.com/misc/ianb11-00829-593.pdf

A hearing to consider the use of cash collateral will be held on
March 23, 2017, at 11:30 a.m.

The Bank is a secured creditor in this bankruptcy having a mortgage
on the property, together with an Assignment of Rents from the
property.  As of the date the bankruptcy was filed, the Bank
claimed it was owed the sum of $6,262,107.63 on a promissory note
that is secured by a Real Estate Mortgage, as modified, an
Assignment of Rents, as modified, and Security Agreements dated
Feb. 23, 2003, and May 17, 2005.  The cash collateral provided for
in the Stipulation derives from the property's rent income.  After
the bankruptcy was dismissed on July 8, 2015, the Bank was
collecting rent from the property's tenants and applying the rent
to the note, and real estate taxes, but stopped applying rent after
August 2016 following the issuance of the mandate by the U.S.
Bankruptcy Appellate Panel for the Eighth Circuit.  As of Feb. 9,
2017, the Bank has collected and holds on deposit in a separate
escrow account $432,699.961 of rent income derived from the
property.  This amount, less the January and February adequate
protection payments, will be transferred from the Bank's escrow
account to the DIP account.  All future rents from the property
collected by the Debtor during the term of the Stipulation, will
also be deposited in the DIP Account.

Rent income from the property constitutes cash collateral of the
Bank.  Accordingly, the Bank is entitled to adequate protection in
exchange for use of the cash collateral.  Under the terms of the
Stipulation, the Debtor would authorize Bank to apply $62,686 from
the rent income now on deposit at the Bank to the amounts due the
Bank as the Debtor's January and February adequate protection
payments and thereafter during the term, the Debtor will pay the
Bank monthly payments of $31,343, as adequate protection commencing
on March 10, 2017 (or if the Court enters its order after the 10th
day of March 2017, then within 5 days after entry of the court
order), and on the 10th day of each successive month thereafter.

The Debtor says that the estate will benefit from the use of rent
income -- which is cash collateral of the Bank under the Assignment
of Rents between the Debtor and the Bank -- to pay trustee fees and
insurance, maintenance, management fees, and real estate taxes for
the 4th Street Promenade Property all as more specifically provided
in the Stipulation.  

The Bank will be adequately protected by monthly payments of
$31,343 from the rental income to the Bank.

Rent proceeds derived from the leases of the real estate described
in the mortgage will be deposited in a Debtor-in-possession account
already established at the Bank.  Pursuant to the terms of the
Stipulation, the Debtor would be authorized to use the cash
collateral for the payment of certain enumerated expenses, actually
incurred, to preserve and maintain the property which forms the
subject of this single-asset bankruptcy.
  
The Debtor would also make monthly adequate protection payments to
Bank.

The Stipulation with regard to the use of the Cash Collateral will
remain in effect only until the earlier of the closing of the loan
sale agreement or May 30, 2017.  

                       About Civic Partners

Civic Partners Sioux City, LLC, based in Huntington Beach,
California, filed for Chapter 11 bankruptcy (Bankr. N.D. Iowa Case
No. 11-00829) on April 14, 2011.  A. Frank Baron, Esq., at Baron,
Sar, Goodwin, Gill & Lohr, serves as the Debtor's counsel.  In its
petition, the Debtor estimated $1 million to $10 million in assets
and debts.  The petition was signed by Steven P. Semingson,
managing member.


CLARK-CUTLER-MCDERMOTT: GM to Recoup Nothing for Unsecured Claims
-----------------------------------------------------------------
Clark-Cutler-McDermott Company, et al., filed with the U.S.
Bankruptcy Court for the District of Massachusetts a disclosure
statement for their second modified joint chapter 11 plan of
liquidation, dated Feb. 24, 2017, a full-text copy of which is
available at:

          http://bankrupt.com/misc/mab16-41188-589.pdf

The Global Settlement entered into by the Debtors, the Official
Committee of Unsecured Creditors and General Motors LLC represents
a compromise of various Claims and disputes and incorporates: (a)
the "gifting" of certain distributions which would otherwise be
payable to GM on account of its Secured Claim; and (b) the partial
subordination of the GM Unsecured Claim to General Unsecured
Claims.

Class 5 under the second modified plan consists of the general
unsecured claims of General Motors.  The holder of the Allowed GM
Unsecured Claim will receive a beneficial interest in the
Liquidating Trust entitling it to periodic Cash distributions under
the Global Settlement.  Estimated recovery for this class is 0%.

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

The Troubled Company Reporter previously reported that each holder
of an allowed Class 4 (General Unsecured Claims) claim will receive
a beneficial interest in the Liquidating Trust entitling it to
periodic Cash distributions under the Global Settlement.  The
previous version of the Plan proposes estimated recovery for the
class is 20%-36.8%.

              About Clark-Cutler-McDermott

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

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

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


CLIFFS NATURAL: Christopher Cebula Assumes Controller & CAO Posts
-----------------------------------------------------------------
The Board of Directors of Cliffs Natural Resources Inc. elected
Christopher Cebula, 46, to assume the duties of vice president,
corporate controller & chief accounting officer of the Company
on Feb. 22, 2017.

Mr. Cebula most recently was the senior director, corporate
planning & analysis of the Company, a position he held since April
2013.  He previously served the Company as senior director,
enterprise risk management (April 2010 to April 2013).

In connection with his appointment, Mr. Cebula will be entitled to
receive an increased base salary, increased target short-term
annual incentive opportunity as a percentage of base salary and
increased target long-term incentive opportunity as a percentage of
base salary, as disclosed in a Form 8-K report filed with the
Securities and Exchange Commission.

                 About Cliffs Natural Resources

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

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

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

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

                          *    *     *

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

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


CLIFFS NATURAL: Enters Into 5.75% Senior Notes Indenture
--------------------------------------------------------
On its Current Report Form 8-K filed with the U.S. Securities and
Exchange Commission on Feb. 27, 2017, Cliffs Natural Resources Inc.
entered into an indenture among the Company, the guarantors party
thereto and U.S. Bank National Association, as trustee, relating to
the issuance by the Company of $500 million aggregate principal
amount of 5.75% Senior Notes due 2025. The Notes were sold on
February 27, 2017 in a private transaction exempt from the
registration requirements of the Securities Act of 1933.

The Notes bear interest at a rate of 5.75% per annum, which is
payable semi-annually in arrears on March 1 and September 1 of each
year, commencing on September 1, 2017. The Notes mature on March 1,
2025.

The Indenture contains customary events of default, including
failure to make required payments, failure to comply with certain
agreements or covenants, failure to pay or acceleration of certain
other indebtedness, certain events of bankruptcy and insolvency,
and failure to pay certain judgments. An event of default under the
Indenture will allow either the Trustee or the holders of at least
25% in aggregate principal amount of the then-outstanding Notes
issued under the Indenture to accelerate, or in certain cases, will
automatically cause the acceleration of, the amounts due under the
Notes.

In connection with the issuance of the Notes, the Company, the
Guarantors and Merrill Lynch, Pierce, Fenner & Smith Incorporated,
acting as representative for the initial purchasers, entered into a
registration rights agreement relating to the Notes, dated February
27, 2017.

If the Company does not comply with certain of its obligations
under the Registration Rights Agreement, subject to limitations set
forth in the Registration Rights Agreement, the Company will be
required to pay additional interest to holders of Notes in an
amount equal to 0.25% per annum on the principal amount of the
Notes, for the first 90 days following such default. Thereafter,
the amount of additional interest will increase by an additional
0.25% per annum with respect to each subsequent 90-day period until
the default is cured, up to a maximum amount of 1.00% per annum.

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

                              https://is.gd/NvVAbU

                          About Cliffs Natural Resources

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

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

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

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

                          *    *     *

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

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


COBALT INTERNATIONAL: Paulson & Co. Has 7.45% Stake as of Dec. 31
-----------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Paulson & Co. Inc. reported that as of Dec. 31, 2016,
it beneficially owns 31,111,327 shares of common stock of Cobalt
International Energy, Inc., representing 7.45 percent of the shares
outstanding.

Paulson, an investment advisor that is registered under the
Investment Advisors Act of 1940, and its affiliates furnish
investment advice to and manage onshore and offshore investment
funds and separate managed accounts.  In its role as investment
advisor, or manager, Paulson possesses voting and/or investment
power over the securities of the Issuer described in this schedule
that are owned by the Funds.  All securities reported in this
schedule are owned by the Funds.  Paulson disclaims beneficial
ownership of those securities.
        
A full-text copy of the regulatory filing is available at:

                     https://is.gd/s2wCid
    
                         About Cobalt

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

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

                         *     *     *

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


COBALT INTERNATIONAL: Receives Noncompliance Notice from NYSE
-------------------------------------------------------------
Cobalt International Energy, Inc., announced that on Feb. 27, 2017,
it was notified by The New York Stock Exchange that it is no longer
in compliance with certain continued listing standards that are
applicable to the Company.  Cobalt's 30-day average closing share
price as of Feb. 27, 2017, was $0.94, in violation of the listing
standard set forth in Section 802.01C of the NYSE Listed Company
Manual.  This standard requires the trailing 30-day average closing
share price to remain above $1.00.

As outlined in Section 802.01C of the NYSE Listed Company Manual,
upon receiving notice, Cobalt has a six-month cure period to regain
compliance.  Within this cure period, Cobalt must have a closing
share price of $1.00 or higher on the last trading day of a given
month or at the end of the cure period.  In addition, Cobalt's
coinciding trailing 30-day average closing share price must also be
$1.00 or higher.

Cobalt has notified the NYSE of its intention to regain compliance
within the six-month cure period.  During the cure period, Cobalt's
stock will continue to be listed on the NYSE, subject to its
ability to remain in compliance with other continued listing
standards.  The notice received from the NYSE does not affect the
ongoing business of Cobalt, nor does it trigger any violations,
including any event of default, of its secured or unsecured debt
obligations.

                          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.


COCOA EXPO: Has Preliminary OK to Use Cash Collateral; Bank Objects
-------------------------------------------------------------------
The Hon. Roberta A. Colton of the U.S. Bankruptcy Court for the
Middle District of Florida entered on Feb. 21 a first preliminary
order on Cocoa Expo Sports Center, LLC's motion to use cash
collateral.

The Debtor is authorized to use cash collateral to pay: (a) amounts
expressly authorized by this Court, including payments to the U.S.
Trustee for quarterly fees; (b) the expenses set forth in the
budget, plus an amount not to exceed 5% for each line item; and (c)
additional amounts as may be expressly approved in writing by the
Bank.  

The Bank and each other creditor with a security interest in cash
collateral will have a perfected post-petition lien against cash
collateral to the same extent and with the same validity and
priority as the prepetition lien, without the need to file or
execute any document as may otherwise be required under applicable
non-bankruptcy law.  

A copy of the court order is available at:

           http://bankrupt.com/misc/flmb17-00441-43.pdf

On Feb. 10, the Debtor sought the Court's authorization to use cash
collateral.

These creditors may assert claims secured by a lien against
property of the estate, including cash collateral: Armitage
Plumbing, LLC, the Bank, Board of County Commissioner, City
Electric Supply Company, Fortiline Waterworks, M&M Electric of
Central Florida, Inc., Middlesex Paving, LLC, Southern Fire
Protection of Orlando, Inc., UDF XIV SPE B, LLC, and Urban
Development Fund XXIII.

As of the Petition Date, Debtor had cash in the amount of $0
Average monthly revenue in 2016 was approximately $53,137.67.

A copy of the Debtor's request is available at:

          http://bankrupt.com/misc/flmb17-00441-28.pdf

On Feb. 27, the Bank filed with the Court a limited objection and
reservation of rights to the Debtor's proposed use of cash
collateral.

The Debtor has not circulated or filed with the Court a proposed
budget for the use of cash collateral starting March 1, 2017, but
has filed an emergency motion to pay post-petition compensation and
benefits to an insider.  The Bank is not opposed to the Debtor's
use of cash collateral generally, but the Bank objects to any order
authorizing the use of cash collateral that is in derogation of its
rights under the Bankruptcy Code.  The Bank reserves any specific
objection it may have to the Debtor's proposed budget and order
authorizing the use of cash collateral and may raise the objection,
if any.

The Bank further reserves the right to (a) amend or supplement its
reservation of rights and otherwise take any additional or further
action with respect to the Debtor's proposed budget and court order
authorizing use of cash collateral, and (b) be heard before the
Court with respect to the proposed use of cash collateral and to
raise additional arguments or objections in connection therewith.


The Bank is represented by:

     Robert E. Eggmann, Esq.
     Thomas H. Riske, Esq.
     CARMODY MACDONALD P.C.
     120 S. Central Avenue, Suite 1800
     St. Louis, Missouri 63105
     Tel: (314) 854-8600
     Fax: (314) 854-8660
     E-mail: ree@carmodymacdonald.com
             thr@carmodymacdonald.com

          -- and --

     Phil A. D'Aniello, Esq.  
     FASSETT, ANTHONY & TAYLOR, P.A.
     1325 W. Colonial Drive
     Orlando, Florida 32804
     Tel: (407) 872-0200
     Fax: (407) 422-8170
     Primary E-Mail: pdaniello@fassettlaw.com
     Secondary E-Mail: tsadaka@fassettlaw.com

                About Cocoa Expo Sports Center, LLC

Cocoa Expo Sports Center, LLC, based in Cocoa, FL, filed a Chapter
11 petition (Bankr. M.D. Fla. Case No. 17-00441) on January 23,
2017.  David R. McFarlin, Esq., at Fisher Rushmer, P.A., to serve
as bankruptcy counsel.

In its petition, the Debtor estimated $10 million to $50 million in
both assets and liabilities.  The petition was signed by Jeffrey C.
Unnerstall, managing member.


COMMSCOPE HOLDING: Moody's Hikes Corporate Family Rating to Ba2
---------------------------------------------------------------
Moody's Investors Service upgraded CommScope Holding Company,
Inc.'s Corporate Family Rating (CFR) to Ba2 from Ba3. Moody's also
upgraded the company's senior secured debt to Baa3 from Ba1,
upgraded its existing unsecured notes to Ba3 from B1 and assigned a
Ba3 to the company's proposed $750 million senior unsecured note
offering. The proposed notes will be used to refinance a portion of
existing secured debt. The upgrades were driven by the progress
integrating the Broadcast Network Solutions (BNS) business acquired
from TE Connectivity in August 2015, debt repayment and expectation
of solid performance and further de-leveraging. The ratings outlook
is stable.

RATINGS RATIONALE

Leverage as of LTM December 31, 2016 is approximately 4.25x
(excluding certain one-time costs). Leverage has the potential to
decline to 3.7x over the next 18 months driven by debt paydowns and
additional cost synergies from the BNS acquisition. Though the
company is expected to remain acquisitive, its increasing scale and
cash generating capability provide flexibility to fund future
acquisitions and quickly repay debt used to fund them.

The Ba2 corporate family rating reflects CommScope's scale, leading
market positions across numerous carrier, cable and enterprise
connectivity markets and cash flow generating capabilities offset
by the company's debt level, acquisition appetite and end market
volatility. The Ba2 rating also factors the company's leading
positions across multiple end-markets including carrier based
antenna systems, small-cell distributed antenna systems, structured
cabling systems, coaxial cable systems, and fiber optic cabling and
connectivity solutions and is considered the largest player in the
majority of its markets. Leverage levels are high however given the
frequency and severity of downturns in the connectivity industry
and volatility in carrier spending patterns. Despite the
volatility, CommScope has good cash flow generating capabilities in
up and down cycles. While revenues can be volatile in any given
year, the business is expected to grow modestly on an organic basis
over the next several years, driven by growth in its wireless and
fiber product lines. Growth in fiber products is expected to offset
declines in copper based products over this period.

The ratings could be upgraded if leverage is on track to fall below
3.5x or debt levels fall below $3.75 billion. While the rating
accommodates the cyclical nature of the industry, ratings could be
downgraded due to a significant deterioration in CommScope's core
businesses or loss of market share. The ratings could also be
downgraded if leverage is expected to remain above 4.5x on other
than a temporary basis.

CommScope is expected to have very good liquidity as reflected in
the SGL-1 rating based on cash on hand of $428 million as of
December 31, 2016 (78% of cash and cash equivalents were held
outside of the U.S.), an undrawn $550 million asset based revolver
($441 million available as of December 31, 2016) and expectations
of strong free cash flow over the next year.

Issuer: CommScope Holding Company, Inc.

Upgrades:

-- Probability of Default Rating, Upgraded to Ba2-PD from Ba3-PD

-- Corporate Family Rating, Upgraded to Ba2 from Ba3

Affirmations:

-- Speculative Grade Liquidity Rating, Affirmed SGL-1

Issuer: CommScope Technologies LLC

Upgrades:

-- Senior Unsecured Bonds, Upgraded to Ba3(LGD4) from B1(LGD5)

Assignments:

-- $750m Senior Unsecured Notes, Assigned Ba3(LGD4)

Issuer: CommScope, Inc.

Upgrades:

-- Senior Secured Term Loan B4, Upgraded to Baa3(LGD2) from
    Ba1(LGD2)

-- Senior Secured 1st Lien Term Loan B, Upgraded to Baa3(LGD2)
    from Ba1(LGD2)

-- Senior Secured Global Notes, Upgraded to Baa3(LGD2) from
    Ba1(LGD2)

-- Senior Unsecured Global Notes, Upgraded to Ba3(LGD4) from
    B1(LGD5)

Outlook Actions:

Issuer: CommScope Holding Company, Inc.

-- Outlook, Remains Stable

CommScope Holding Company Inc. is the holding company for CommScope
Inc., a leading global supplier of connectivity and infrastructure
solutions for the wireless industry, telecom service and cable
service providers as well as the enterprise market. CommScope's
revenues were $4.9 billion in 2016.

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



COMMSCOPE HOLDING: S&P Rates $750MM Unsecured Notes 'BB-'
---------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issue-level rating to
Hickory, N.C.-based telecommunications infrastructure solutions
provider CommScope Holding Co. Inc.'s proposed 10-year
$750 million unsecured notes.  S&P also assigned its '4' recovery
rating to the notes, indicating its expectation for average
recovery (30%-50%, rounded estimate: 35%) in the event of payment
default.  The company intends to use the proceeds to redeem its
$500 million secured notes due in 2020, repay its secured term loan
due in 2018, and repay a portion of its secured term loan due in
2022.  S&P will withdraw its ratings on the fully repaid
instruments after the transaction closes.

These ratings are higher than S&P's 'B+' issue-level and '5'
recovery ratings on the company's existing unsecured debt.  S&P
placed the 'B+' rating on CreditWatch with positive implications
and intend to raise this rating to 'BB-' (with a '4' recovery
rating) after the transaction closes, due to the decreased mix of
secured debt.

The 'BB-' corporate credit rating reflects leverage in the high-3x
area as of the fourth quarter of 2016, as well as cyclical wireless
carrier demand and connectivity investment spending, partly offset
by the company's leading market positions and its commitment to
debt repayment until leverage is 3x or less.

                          RECOVERY ANALYSIS

Key analytical factors:

   -- S&P's simulated default scenario assumes a payment default
      in 2021 driven by reduced investment in communication
      infrastructure by large customers, and a declining
      commercial and residential construction market during a
      global downturn.  S&P also assumes slower-than–expected
      adoption of advanced communications technologies in emerging

      markets and volatile commodity pricing.

   -- S&P values the company as a going concern because S&P
      believes its market position, intellectual property, and
      leading products would make it a viable business in the
      event of a payment default.

   -- S&P applied a 7x multiple to an estimated distressed
      emergence EBITDA of $423 million to estimate gross recovery
      value of about $3 billion.  The multiple is higher than
      those that S&P uses for most U.S. technology hardware
      companies because of the company's market position, brand,
      and large scale.

Simulated default assumptions:
   -- Simulated year of default: 2021
   -- EBITDA at emergence: $423 million
   -- EBITDA multiple: 7x
   -- The asset-based lending (ABL) facility is 60% drawn at
      default.

Simplified waterfall:
   -- Net enterprise value (after 5% administrative costs):
      $2.8 billion
   -- Valuation split (obligors/nonobligors): 55%/45%
   -- ABL facilities (priority claims): $339 million
   -- Collateral value available to secured lenders: $2 billion
   -- Secured debt claims: $1.1 billion
      -- Recovery expectations: 90%-100% (rounded estimate: 95%)
   -- Value available to unsecured lenders: $1.4 billion
   -- Senior unsecured debt claims: $3.6 billion
      -- Recovery expectations: 30%-50% (rounded estimate: 35%)

All debt amounts include six months of prepetition interest.
Collateral value equals asset pledge from obligors less priority
claims plus equity pledge from nonobligors after nonobligor debt.

RATINGS LIST

CommScope Holding Co. Inc.
Corporate Credit Rating                BB-/Stable

Ratings Affirmed; Placed on CreditWatch

CommScope Technologies LLC
Senior Unsecured                       B+/Watch Pos
  Recovery Rating                       5 (25%)

New Rating

CommScope Technologies LLC
Senior Unsecured
$750mil sr notes due 2027              BB
  Recovery Rating                       4 (35%)


COSI INC: Trishield Special et al. Cease to be Shareholders
-----------------------------------------------------------
Trishield Special Situations Master Fund Ltd., Trishield Capital
Management LLC, Alan Jeffrey Buick Jr. and Robert L. Harteveldt
disclosed in an amended Schedule 13G filed with the Securities and
Exchange Commission that as of Dec. 31, 2016, they do not
beneficially own shares of common stock of Cosi, Inc.  A full-text
copy of the regulatory filing is available for free at:

                      https://is.gd/zXoysF

                         About Cosi Inc.

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

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

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

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

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

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


COVANTA HOLDING: Moody's Assigns Ba3 Rating to $400MM Unsec. Notes
------------------------------------------------------------------
Moody's Investors Service assigned a Ba3 rating to Covanta Holding
Corporation's $400 million of Senior Unsecured Notes. Covanta's
Corporate Family Rating of Ba2 and the Probability of Default
Rating of Ba2-PD are unchanged. Also, the company's speculative
grade liquidity rating of SGL-3 is unchanged. Covanta's rating
outlook is negative.

RATINGS RATIONALE

Covanta's ratings reflect the company's generally stable cash flows
from the waste disposal and service revenues at its
Energy-from-Waste (EfW) projects, which represent approximately 70%
of consolidated revenues. The ratings also incorporate Covanta's
strong operating performance across the portfolio and the high
barriers to entry for most competing technologies. However, these
factors are offset by Covanta's exposure to lower natural gas
prices as well as wholesale power and metals markets, a levered
capital structure, an aging fleet with increasing operating
expenses, persistent challenges to expand the business, and a
record of shareholder friendly actions.

Covanta's operating cash flows have declined as a result of
weakened commodity prices that impact the company's non-contracted
segment of its revenue stream. The lower revenue coincided with an
increase in its debt level to fund the construction of the new EfW
facility in Dublin, Ireland, as well as the increased use of its
revolver to fund the gaps between lower cash flow and higher
dividends.

The negative rating outlook reflects Moody's expectation that
commodity prices, including natural gas, power and metal prices,
are unlikely to improve materially over the next 12-18 months. As a
result, Covanta's credit metrics are expected to be weaker and
could fall below the levels appropriate for the Ba2 CFR. Covanta's
key metrics will likely continue to be pressured as Covanta
continues to increase its leverage to fund the Dublin project and
draws further on its revolver for its internal cash needs.

Rating Outlook

Covanta's negative outlook is also based on the company's
shareholder friendly activities, as it has maintained high
dividends and pursued share buybacks in the face of declining
revenues and margins from its wholesale power and metals segment.

Liquidity Profile

Covanta's SGL-3 rating is driven by the expectation that the
company will maintain an adequate liquidity profile over the next
12 months. The company's operating cash flows are likely to be
stable but lower, due to weakened wholesale energy and metals
prices as well as higher capital expenditure. Covanta is likely to
draw further from its revolver to make up for the funding gap.
Moody's does not expect the company's negative free cash flow
position to improve until 2018 when the Dublin project is fully
operational.

What Could Change the Rating -- Up

Covanta's outlook could be stabilized if there is an improvement in
its credit metrics such that its CFO pre-WC to debt increases to
above 11% on a sustained basis during the construction of its new
Dublin facility through 2017, and closer to the mid-teens level
after that facility is completed and fully operational in 2018.
Also, an unexpected improvement in natural gas and metal prices
resulting in higher cash flow from its wholesale power and metals
segments could lead to a stable outlook.

What Could Change the Rating -- Down

A downgrade could be considered if Covanta is unable to renew or
extend its EfW project contracts at competitive terms; if its
exposure to energy and metals markets continues to pressure
earnings or increase volatility in cash flow; if leverage is
significantly increased shareholder-friendly financial policies
continue; if several key projects have extended outages; or there
is a continued decline in the key financial metrics including CFO
pre-WC to debt falling below 11% on a sustained basis. Significant
investments in developing markets without a record of contract
enforceability could result in additional downward pressure on the
rating.

Headquartered in Morristown, New Jersey, Covanta Holding
Corporation is a developer, owner and operator of infrastructure
for the conversion of waste to energy projects, as well as other
waste disposal and renewable projection in the Americas, Europe and
Asia.

The principal methodology used in this rating was Unregulated
Utilities and Unregulated Power Companies published in Octoober
2014.


COVANTA HOLDING: S&P Rates New $400MM Sr. Unsecured Notes 'B'
-------------------------------------------------------------
S&P Global Ratings said it assigned its 'B' issue-level rating and
'6' recovery rating to Covanta Holding Corp.'s proposed issuance of
$400 million senior unsecured notes.  The '6' recovery rating
reflects S&P's expectation of negligible (0%-10%; rounded estimate:
0%) recovery in the event of default.  The company intends to use
the proceeds to refinance its existing $400 million notes due 2020
and extend the maturity on the new issuance to 2025.  The corporate
credit rating on the company (BB-/Stable/--) is not affected.

The merchant energy market remains challenging, with continued
historically low spark spreads and low metals prices; however,
construction on Covanta's Dublin facility continues to progress
well and remains on schedule to achieve commercial operations date
by the fourth quarter of 2017.  S&P also notes that the company has
contracted 90% of the waste supply for the Dublin facility, as
expected.

Ratings List

Covanta Holding Corp.
Corporate Credit Rating               BB-/Stable/--

New Rating
Senior Unsecured
  $400 mil senior notes due 2025       B
   Recovery Rating                     6(0%)


CTI BIOPHARMA: Appoints Adam Craig as CEO
-----------------------------------------
On Feb. 27, 2017, CTI BioPharma Corp. announced that Adam Craig,
M.D., Ph.D. was appointed by the Company's Board of Directors as
President and Chief Executive Officer of the Company, and to serve
as a member of the Company's Board of Directors, effective March
20, 2017.  Richard L. Love, who has been serving as interim
President and Chief Executive Officer of the Company since Oct. 2,
2016, will step down from his position as interim President and
Chief Executive Officer effective March 20, 2017, but will continue
to serve on the Board of Directors.

The Employment Agreement provides for an initial term of five years
from Dr. Craig's employment commencement date of March 20, 2017,
with the term automatically renewing annually thereafter for an
additional twelve months unless either party provides at least
sixty days' advance notice of non-renewal.  During his employment
by the Company, Dr. Craig will receive an annual base salary of
$550,000 and will have a target annual bonus level of 55% of base
salary, both of which may be increased but not decreased in the
Committee's sole discretion.  Dr. Craig will be eligible to
participate in the Company's employee benefit plans and will accrue
four weeks paid time off per year.

In addition, in connection with his appointment as President and
Chief Executive Officer, the Employment Agreement provides that Dr.
Craig will be granted stock options to purchase 1,200,000 shares of
the Company's common stock at a per share price equal to the
closing price of a share of the Company's common stock on The
NASDAQ Stock Market on his employment commencement date.

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

                        https://is.gd/SQcmZE

                        About CTI BioPharma

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

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

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

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


CTI BIOPHARMA: Has $22.6-Mil. Net Fin'l Standing as of Jan. 31
--------------------------------------------------------------
Pursuant to a request from CONSOB, the Italian securities
regulatory authority, CTI BioPharma Corp. issued a press release in
Italy on Feb. 27, 2017 providing certain requested financial
information for the month ended Jan. 31, 2017 and other
information.  BioPharma disclosed:

  Estimated and Unaudited Net Financial Standing    Jan. 31, 2017
  (in USD thousands)

  Cash and cash equivalents                              $45,450
  Long-term obligations, current portion                    (609)
  Long-term debt, current portion                         (8,027)
  Estimated and unaudited net
      financial standing, current portion                 36,814
  Long-term obligations, less current portion             (3,565)
  Long-term debt, less current portion                   (10,612)
  Estimated and unaudited net
       financial standing, less current portion          (14,177)
                                                        ---------
  Estimated and unaudited net financial standing         $22,637

The total estimated and unaudited net financial standing of CTI
Parent Company as of Jan. 31, 2017 was $22.6 million.

A full-text copy of the Form 8-K regulatory filing is available
at:

                       https://is.gd/Cq9dZV

                       About CTI BioPharma

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

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

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

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


CUMULUS MEDIA: U.S. Judge Rejects Refinancing Plan
--------------------------------------------------
The American Bankruptcy Institute, citing Nate Raymond of Reuters,
reported that U.S. District Judge Katherine Polk Failla in
Manhattan rejected Cumulus Media Inc.'s bid to proceed with a
refinancing plan that the second-largest U.S. radio network hoped
would help reduce its $2.4 billion debt load, but was opposed by
some lenders.

According to the report, Judge Failla's decision came in a lawsuit
the Atlanta-based company filed in December, accusing JPMorgan
Chase & Co. of withholding consent to parts of its refinancing
plan.

In its lawsuit, Cumulus said that JPMorgan's actions in its role as
administrative agent under a 2013 credit agreement had threatened a
deal it reached with bondholders that would deleverage the company
by up to $305 million, the report related.

But JPMorgan and a group creditors who objected to the deal million
of the company's loans disagreed and argued the transaction was not
permitted under the credit agreement, a position Judge Failla
adopted, the report further related.

The lawsuit by Cumulus, which owns 447 radio stations, stemmed from
its efforts to reduce its debt load, which includes $1.8 billion in
secured loans and $610 million of unsecured senior notes due in
2019, the report added.

Cumulus on Dec. 6 announced a plan to exchange the senior notes for
a combination of stock and up to $305 million in secured debt
borrowed through a $200 million revolving credit line, the report
said.

Cumulus said the deal would allow the company to retire the notes
at a discount and avoid a "springing maturity" on the $1.8 billion
in loans that occurs if more than $200 million of the notes are
outstanding in January 2019, the report noted.

The case is Cumulus Media Holdings Inc. et al v. JPMorgan Chase
Bank, N.A., U.S. District Court, Southern District of New York, No.
16-09591.

                      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.


CYRUSONE LP: S&P Assigns 'BB' Rating on Proposed $450MM Sr. Notes
-----------------------------------------------------------------
S&P Global Ratings assigned its 'BB' issue-level rating and '2'
recovery rating to CyrusOne L.P. and CyrusOne Finance Corp.'s
proposed $450 million senior unsecured notes due 2024 and
$350 million senior unsecured notes due 2027.  The '2' recovery
rating indicates S&P's expectation for substantial (70%-90%;
rounded estimate: 85%) recovery for lenders in the event of a
payment default.

The companies plan to use the proceeds from the debt issuance to
repay the outstanding $475 million 6.375% unsecured notes due 2022
and the borrowings under the revolving credit facility that were
used to partially finance the acquisition of two data centers from
Sentinel Data Centers LLC (along with about $210 million in equity
proceeds from a forward sale agreement entered into in August
2016).

The companies are subsidiaries of CyrusOne Inc.

RATINGS LIST

CyrusOne Inc.
Corporate Credit Rating    BB-/Positive/--

New Ratings
CyrusOne Finance Corp.
CyrusOne L.P.
Senior Unsecured
  $450 million notes due 2024       BB
   Recovery Rating                  2 (85%)
  $350 million notes due 2027       BB
   Recovery Rating                  2 (85%)


DAKOTA PLAINS: North Star Partners Ceases to be 5% Shareholder
--------------------------------------------------------------
North Star Partners, L.P., North Star Partners II, L.P., NS
Advisors, LLC and Andrew R. Jones reported in an amended Schedule
13G filed with the Securities and Exchange Commission that as of
Dec. 31, 2016, they beneficially own less than 5% of the number of
outstanding shares of any class of capital stock of Dakota Plains
Holdings, Inc.  A full-text copy of the regulatory filing is
available for free at https://is.gd/QPvm2K

              About Dakota Plains Holdings, Inc.

Dakota Plains Holdings, Inc. (NYSE MKT: DAKP) --
http://www.dakotaplains.com/--is an energy company operating the  

Pioneer Terminal transloading facility. The Pioneer Terminal is
centrally located in Mountrail County, North Dakota, for Bakken and
Three Forks related Energy & Production activity.

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

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

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

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


DELCATH SYSTEMS: Renaissance Holds 7.29% Stake as of Dec. 31
------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Renaissance Technologies LLC and Renaissance
Technologies Holdings Corporation reported that as of
Dec. 31, 2016, they beneficially own 160,128 shares of common stock
of Delcath Systems, Inc. representing 7.29 percent of the shares
outstanding.  A full-text copy of the regulatory filing is
available for free at https://is.gd/n32qBt

                    About Delcath Systems

Delcath Systems, Inc. is an interventional oncology Company focused
on the treatment of primary and metastatic liver cancers.  The
Company's investigational product -- Melphalan Hydrochloride for
Injection for use with the Delcath Hepatic Delivery System
(Melphalan/HDS) -- is designed to administer high-dose chemotherapy
to the liver while controlling systemic exposure and associated
side effects.  The Company has commenced a global Phase 3 FOCUS
clinical trial for Patients with Hepatic Dominant Ocular Melanoma
(OM) and a global Phase 2 clinical trial in Europe and the U.S. to
investigate the Melphalan/HDS system for the treatment of primary
liver cancer (HCC) and intrahepatic cholangiocarcinoma (ICC).
Melphalan/HDS has not been approved by the U.S. Food & Drug
Administration (FDA) for sale in the U.S.  In Europe, its system
has been commercially available since 2012 under the trade name
Delcath Hepatic CHEMOSAT Delivery System for Melphalan (CHEMOSAT),
where it has been used at major medical centers to treat a wide
range of cancers of the liver.

Delcath reported a net loss of $14.7 million in 2015, a net loss of
$17.4 million in 2014 and a net loss of $30.3 million in 2013.

As of Sept. 30, 2016, Delcath had $36.98 million in total assets,
$32.49 million in total liabilities and $4.48 million in total
stockholders' equity.

Grant Thornton LLP, in New York, New York, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has incurred recurring
losses from operations and as of Dec. 31, 2015, has an accumulated
deficit of $261 million.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.


DEVICE TECHNOLOGY: Moody's Assigns Ba2 Corporate Family Rating
--------------------------------------------------------------
Moody's Investors Service assigned Integrated Device Technology a
Ba2 Corporate Family rating ("CFR"), a Ba2-PD Probability of
Default rating ("PDR"), a Baa3 to the proposed senior secured term
loan B, and an SGL-2 Speculative Grade Liquidity rating. The rating
outlook is stable.

The net proceeds of the new debt issuance, along with balance sheet
cash, will be used to fund IDT's $250 million acquisition of
GigPeak, Inc. (unrated), a supplier of optical interconnect and
video transport technologies.

RATINGS RATIONALE

The Ba2 CFR reflects IDT's valuable intellectual property and
strong market positions in certain niche analog semiconductor
segments, as indicated by IDT's high gross margins, which Moody's
expects will be sustained around 60% (Moody's adjusted) following
the integration of GigPeak. The rating also reflects IDT's
consistently positive free cash flow ("FCF") due to IDT's fab-lite
manufacturing model, and IDT's conservative financial policy, as
Moody's expects IDT to prioritize debt reduction, reducing debt to
EBITDA (Moody's adjusted) towards 2.5x over the next year from
nearly 3x debt to EBITDA (12 months ended January 1, 2017, pro
forma for GigPeak, Moody's adjusted).

Nevertheless, IDT needs to maintain a conservative financial policy
given IDT's small revenue scale. With revenues of less than $850
million, IDT is small, with limited product diversification
relative to the company's broad-based competitors in the analog
semiconductor market, such as Analog Devices (A3/rating under
review) and Texas Instruments (A1/stable), with revenues of over
$3.5 billion and $13 billion, respectively, and who are able to
offer customers a broader portfolio of analog products. Moreover,
given the small revenue scale, IDT is characterized by customer and
end market concentrations, which fuels revenue volatility, and
also, in the case of customer concentration, limits IDT's
negotiating leverage.

The Baa3 rating on the proposed senior secured term loan reflects
the collateral, comprised of a first priority lien on the company's
assets, and large cushion of unsecured liabilities, including the
$374 million convertible notes. IDT's SGL-2 speculative grade
liquidity ("SGL") rating reflects IDT's good liquidity profile.
Although IDT does not maintain access to a revolving credit
facility, Moody's expects annual FCF to be in excess of $150
million annually and at least $150 million of cash to be maintained
on the balance sheet.

The stable rating outlook reflects Moody's expectation of mid to
high single digit percentage revenue growth, FCF in excess of $150
million annually, and stable gross margins of around 60%. The
outlook also incorporates Moody's expectation that IDT will
integrate GigPeak into its operations over the next year without
material disruption to operations. Moody's expects that IDT will
prioritize debt reduction and will capture operating expense
synergies, such that debt to EBITDA (Moody's adjusted) will decline
towards 2.5x over the next year.

The ratings could be upgraded if 1) IDT increases its scale and its
customer and product diversification, and 2) the EBITDA margin
(Moody's adjusted) approaches 30%, and 3) financial policy remains
conservative, with leverage sustained below 2.5x debt to EBITDA
(Moody's adjusted).

The ratings could be downgraded if 1) revenue growth does not
exceed low single digit percent level, suggesting a loss of market
share, or 2) if gross margins decline below 55%, indicating a
weakening of IDT's competitive position, or 3) IDT engages in more
aggressive financial policy such that debt to EBITDA (Moody's
adjusted) is sustained above 3x.

The principal methodology used in these ratings was the
Semiconductor Industry Methodology published in December 2015.

Integrated Device Technology, Inc., based in San Jose, California,
designs and develops high performance analog mixed signal
semiconductors sold into the data center, communications,
automotive, industrial and consumer end markets. Moody's expects
revenue of about $800 million over the next year.

Assignments:

Issuer: Integrated Device Technology, Inc.

-- Corporate Family Rating, Assigned Ba2

-- Probability of Default Rating, Assigned Ba2-PD

-- Speculative Grade Liquidity Rating, Assigned SGL-2

-- Senior Secured First Lien Term Loan B, Assigned Baa3, LGD2

Outlook Actions:

Issuer: Integrated Device Technology, Inc.

-- Outlook, Stable


DEWEY & LEBOEUF: Former Director Gets Star Witness' Plea Deal
-------------------------------------------------------------
Andrew Strickler, writing for Bankruptcy Law360, reports that Judge
Robert Stolz handed to Rita Glavin, Esq., the attorney for former
Dewey & LeBoeuf LLP Executive Director Stephen DiCarmine, a folder
containing on documents surrounding the plea deal of the
government's star witness, the firm's former finance director, over
the objections of prosecutors.

According to Law360, the second Dewey fraud trial remained paused
Tuesday.

Stewart Bishop, writing for Bankruptcy Law360, relates that the
attorneys for Mr. DiCarmine and former Dewey & LeBoeuf LLP Chief
Financial Officer Joel Sanders argued with prosecutors for the
Manhattan district attorney's office over the weekend about a
defense subpoena for information regarding a sweetened deal for the
key cooperator in the ongoing criminal saga.

Mr. DiCarmine's legal team issued a subpoena for documents to an
attorney for former Dewey Finance Director Frank Canellas about his
revamped plea agreement.

                      About Dewey & LeBoeuf

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

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

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

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

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

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

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

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

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

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


DIGNITY & MERCY: Seeks to Hire Myles CPA Firm as Accountant
-----------------------------------------------------------
Dignity & Mercy, Adult Day Services, LLC seeks approval from the
U.S. Bankruptcy Court for the Northern District of Mississippi to
hire an accountant.

The Debtor proposes to hire The Myles CPA Firm, PLLC to prepare its
tax returns and financial reports, and provide other accounting
services related to its Chapter 11 case.

Wayne Myles, a certified public accountant, will charge a monthly
rate of $350 for his services.

Myles CPA Firm does not hold any interest adverse to the Debtor or
any of its creditors, according to court filings.

The firm can be reached through:

     Wayne Myles
     The Myles CPA Firm, PLLC
     2604 W. Main St., Suite A
     Tupelo, MS 38801

                      About Dignity & Mercy

Dignity & Mercy, Adult Day Services, LLC filed a Chapter 11
petition (Bankr. N.D. Miss. Case No. 16-13975) on November 8, 2016,
and is represented by Kevin F. O'Brien, Esq., in Southaven,
Mississippi.  The petition was signed by Tamekia R. Jackson,
member.

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

A list of the Debtor's 17 unsecured creditors is available for free
at http://bankrupt.com/misc/msnb16-13975.pdf


DIGNITY & MERCY: Taps O'Brien Law Firm as Legal Counsel
-------------------------------------------------------
Dignity & Mercy, Adult Day Services, LLC seeks approval from the
U.S. Bankruptcy Court for the Northern District of Mississippi to
hire legal counsel in connection with its Chapter 11 case.

The Debtor proposes to hire O'Brien Law Firm, LLC to give advice
regarding its duties under the Bankruptcy Code, negotiate with
creditors, assist in the preparation of a bankruptcy plan, and
provide other legal services.

Kevin O'Brien, Esq., will charge an hourly rate of $275 while
paralegals will charge $80 per hour.

O'Brien Law Firm does not hold any interest adverse to the Debtor
or any of its creditors, according to court filings.

The firm can be reached through:

     Kevin F. O'Brien, Esq.
     O'Brien Law Firm, LLC
     630 Goodman Road East, Suite 5
     Southaven, MS 38671
     Tel: 662-349-3339
     Email: obrienlawfirm0056@gmail.com

                      About Dignity & Mercy

Dignity & Mercy, Adult Day Services, LLC filed a Chapter 11
petition (Bankr. N.D. Miss. Case No. 16-13975) on November 8, 2016,
and is represented by Kevin F. O'Brien, Esq., in Southaven,
Mississippi.  The petition was signed by Tamekia R. Jackson,
member.

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

A list of the Debtor's 17 unsecured creditors is available for free
at http://bankrupt.com/misc/msnb16-13975.pdf


DIOCESE OF NEW ULM: Case Summary & 19 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: The Diocese of New Ulm
        1421 Sixth Street N
        New Ulm, MN 56073

Case No.: 17-30601

Chapter 11 Petition Date: March 3, 2017

Court: United States Bankruptcy Court
       District of Minnesota (St Paul)

Judge: Hon. Robert J Kressel

Debtor's Counsel: James L. Baillie, Esq.
                  FREDRIKSON & BYRON P.A.
                  200 South Sixth Street, Suite 4000
                  Minneapolis, MN 55402
                  Tel: 612-492-7013
                  E-mail: jbaillie@fredlaw.com

                    - and -

                  James C. Brand, Esq.
                  FREDRIKSON & BYRON P.A.
                  200 S Sixth Ste 4000
                  Minneapolis, MN 55402-1425
                  Tel: 612-492-7408
                  E-mail: jbrand@fredlaw.com
         
                    - and -

                  Steven R. Kinsella, Esq.
                  FREDRIKSON & BYRON P.A.
                  200 South Sixth Street, Suite 4000
                  Minneapolis, MN 55402-1425
                  612-492-7244
                  E-mail: skinsella@fredlaw.com

                    - and -

                  Sarah M. Olson, Esq.
                  FREDRIKSON & BYRON P. A.
                  200 S 6th Street, Suite 4000
                  Minneapolis, MN 55402
                  Tel: 612-492-7452
                  E-mail: solson@fredlaw.com


Debtor's
Co-Counsel:       James R. Murray, Esq.
                  BLANK ROME LLP
                  1825 Eye St NW
                  Washington, DC 20006
                  Tel: 202-420-3409
                  E-mail: jmurray@blankrome.com

                     - and -

                  James Carter, Esq.
                  BLANK ROME LLP
                  1825 Eye ST NW
                  Washington, DC 20006
                  Tel: 202-420-2200
                  E-mail: JSCARTER@BLANKROME.COM

                     - and -
                  
                  Jared Zola, Esq.
                  BLANK ROME LLP
                  1825 Eye ST NW
                  Washington, DC 20006
                  Tel: 212-885-5000
                  E-mail: JZOLA@BLANKROME.COM

Estimated Assets: $10 million to $50 million

Estimated Debts: $0 to $50,000

The petition was signed by Monsignor Douglas L. Grams, vice
general.

Debtor's List of 19 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Claimant 010                       Potential Tort             $0
c/o Jeff Anderson and Assoc.         Claimant
366 Jackson Street, Suite 100
Saint Paul, MN 55101

Claimant 030                       Potential Tort             $0
c/o Jeff Anderson and Assoc.         Claimant
366 Jackson Street, Suite 100
Saint Paul, MN 55101

Claimant 037                       Potential Tort             $0
c/o Jeff Anderson and Assoc.         Claimant
366 Jackson Street, Suite 100
Saint Paul, MN 55101

Claimant 038                       Potential Tort             $0
c/o Jeff Anderson and Assoc.         Claimant
366 Jackson Street, Suite 100
Saint Paul, MN 55101

Claimant 057                       Potential Tort             $0
c/o Jeff Anderson and Assoc.          Claimant
366 Jackson Street, Suite 100
Saint Paul, MN 55101

Claimant 059                       Potential Tort             $0
c/o Jeff Anderson and Assoc.          Claimant
366 Jackson Street, Suite 100
Saint Paul, MN 55101

Claimant 060                       Potential Tort             $0
c/o Jeff Anderson and Assoc.          Claimant
366 Jackson Street, Suite 100
Saint Paul, MN 55101

Claimant 061                       Potential Tort             $0
c/o Jeff Anderson and Assoc.          Claimant
366 Jackson Street, Suite 100
Saint Paul, MN 55101

Claimant 062                       Potential Tort             $0
c/o Jeff Anderson and Assoc.          Claimant
366 Jackson Street, Suite 100
Saint Paul, MN 55101

Claimant 063                       Potential Tort             $0
c/o Jeff Anderson and Assoc.          Claimant
366 Jackson Street, Suite 100
Saint Paul, MN 55101

Claimant 107                       Potential Tort             $0
c/o Patrick Noaker                    Claimant
Law Firm
333 Washington
Avenue N. Ste 329
Minneapolis, MN 55401

Claimant 109                         Potential Tort           $0
c/o Patrick Noaker                     Claimant
Law Firm
333 Washington
Avenue N. Ste 329
Minneapolis, MN 55401

Claimant 111                         Potential Tort            $0
c/o Patrick Noaker                      Claimant
Law Firm
333 Washington
Avenue N. Ste 329
Minneapolis, MN 55401

Claimant 122                         Potential Tort            $0
c/o Patrick Noaker                      Claimant
Law Firm
333 Washington
Avenue N. Ste 329
Minneapolis, MN 55401

Claimant 125                         Potential Tort            $0
c/o Patrick Noaker                      Claimant
Law Firm
333 Washington
Avenue N. Ste 329
Minneapolis, MN 55401

Claimant 116 c/o                     Potential Tort            $0
Leander James                          Claimant
James Veron Weeks P.A.
1626 Lincoln Way
Coeur D Alene, ID 83814

Claimant 117 c/o                     Potential Tort            $0
Leander James                          Claimant
James Vernon Weeks P.A.
1626 Lincoln Way
Coeur D Alene, ID 83814

Claimants 72, 73, 74,                Potential Tort            $0
77, 78, 79, 80, 81, 82,                 Claimant
83, 122, 124, 125,
126, 128, 129, 131,
132, 133, 134, 135,
137, 143, 146, 147,
155, 157, 158, 172,
294, 295, 296, 300,
301, 315, 316, 317,
318, 377, 378, A-398,
A-400, 423, 424, 425,
456, 466, 476, 501,
502, 503, 504, 511,
512, 513, 514, 541,
546, 559, 563, 571,
572, 573, 574, & 576
c/o Jeff Anderson and
Assoc.
366 Jackson Street,
Suite 100
Saint Paul, MN 55101

Claimants 127, 128,                 Potential Tort             $0
130, 135, 138, 141,                   Claimant
A-019, A-064, A-125,
A-128, A-140, A-212,
A-336, A-367, A-373,
A-429, A-435, A-441
c/o Patrick Noaker
Law Firm
333 Washington
Avenue N. Ste 329
Minneapolis, MN
55401


DISTRIBUTION INTERNATIONAL: S&P Lowers CCR to 'CCC+'
----------------------------------------------------
S&P Global Ratings said it lowered its corporate credit rating on
Houston-based Distribution International Inc. to 'CCC+' from 'B'.
The rating outlook is stable.

Distribution International's (DI) credit measures deteriorated
(with adjusted debt to EBITDA of about 12x in 2016) due to
lower-than-expected sales caused by weak oil and gas servicing end
markets.

At the same time, S&P lowered its issue-level rating on the
company's $215.5 million first-lien term loan due 2021 to 'CCC+'
from 'B' and S&P's issue-level rating on the company's
$113 million (as originally issued; $98 million currently
outstanding as of December 2016) second-lien term loan due 2022 to
'CCC-'from 'CCC+'.  The recovery rating on the first-lien loan is
'3' indicating S&P's expectation of meaningful (50% to 70%, rounded
estimate: 50%) recovery in the event of a payment default. The
recovery rating on the second-lien loan is unchanged at '6',
indicating S&P's expectation of negligible (0% to 10%, rounded
estimate: 0%) recovery in the event of a payment default.  The
company has a $110 million asset-based lending (ABL) facility due
2019, which S&P do not rate.

"The stable outlook reflects our expectation that the company has
sufficient liquidity to meet its financial obligations in the next
12 months and we expect cash flow to be at or slightly below
break-even for the year (after capital expenditures)," said S&P
Global Ratings credit analyst Vania Dimova.

S&P could lower the rating if DI's cash flows deteriorate further
such that the company is not able to cover its fixed charges or the
availability under the ABL becomes limited.  S&P could also lower
the rating if the company pursues an exchange offer or similar
restructuring that S&P views as distressed.

S&P could raise the rating if industry fundamentals exceeded its
expectations, resulting in better adequate liquidity and operating
performance such that leverage declined below 8x and FFO to debt
increased above 12% and both were sustained at these levels.  S&P
could also raise its rating in the longer term if acquisitions
cause a material change in the business risk profile such that the
EBITDA margins improve materially and the geographic footprint
increases beyond its current state.



DYNEGY INC: Posts Net Loss of $1.24 Billion for 2016
----------------------------------------------------
Dynegy Inc. on Feb. 23, 2017, reported a net loss for 2016 of $1.24
billion, compared to net income of $50 million for 2015.  The
year-over-year decrease was primarily driven by asset impairments
related to the Baldwin, Newton and Stuart plants in 2016 and a
second quarter 2015 deferred tax valuation allowance reversal which
benefited 2015, but did not reoccur in 2016.  This decrease was
partially offset by the first quarter 2016 contribution from the
Duke and EquiPower plants acquired in April 2015.

The Company reported 2016 consolidated Adjusted EBITDA of $1,007
million, compared to $850 million for 2015.  The $157 million
increase was primarily due to full-year contributions from the Duke
and EquiPower plants in 2016 versus nine months in 2015.  Partially
offsetting this benefit were lower energy margins, net of hedges,
across the majority of the segments primarily due to mild
temperatures in the first quarter 2016 and lower capacity revenues
at the PJM and NY/NE segments as a result of lower capacity
prices.

The Company reported a fourth quarter 2016 net loss of $180
million, compared to a net loss of $134 million for 2015.  The
quarter-over-quarter change was primarily driven by Genco
reorganization items, primarily due to the write-off of the
remaining unamortized discount related to the Genco bonds.

The Company reported fourth quarter 2016 consolidated Adjusted
EBITDA of $219 million, compared to $222 million for the fourth
quarter 2015 as improved energy margins, net of hedges, and lower
O&M costs at the PJM and MISO segments were offset by lower energy
and capacity revenues in the NY/NE and PJM segments.

"The ENGIE acquisition solidified the transformation of our
wholesale generation business we began in 2013.  We have built the
most efficient and lowest-cost platform in the industry while
migrating our portfolio to a gas-dominated fleet in the ERCOT,
NE-ISO and PJM markets.  Our portfolio today has the longevity
required for success," said Dynegy President and Chief Executive
Officer Robert C. Flexon.

"Looking ahead to 2017, our efforts are aimed at optimizing our
portfolio in conjunction with improving our balance sheet and
capital structure and [Mon]day's announcement with LS Power is a
step in that direction," Mr. Flexon continued.  "In keeping with
our integration track record, we now expect to deliver $120 million
in synergies related to the ENGIE acquisition, a step up from our
initial $90 million estimate."

Segment Review of Results Year-over-Year

PJM - The 2016 operating income was $414 million, compared to $423
million for 2015. The change was due to lower capacity revenues,
non-cash mark-to-market losses on derivatives, higher O&M costs and
2016 impairment charges.  Partially offsetting this was the
full-year contribution of the Duke and EquiPower plants acquired in
April 2015.

Adjusted EBITDA totaled $757 million during 2016 compared to $649
million in 2015, primarily due to the positive impact of the Duke
and EquiPower plants which was partially offset by lower capacity
prices and higher planned outage O&M costs.

NY/NE - The 2016 operating loss was $29 million, compared to $56
million for 2015. The change was attributable to a full-year 2016
contribution from the EquiPower plants versus nine months of 2015,
lower impairment charges, lower depreciation due to a 2015
impairment and non-cash mark-to-market gains on derivatives.
Adjusted EBITDA totaled $171 million in 2016 compared to $175
million in 2015.

MISO - The 2016 operating loss was $745 million, compared to a loss
of $92 million in 2015, due to higher impairment charges. Adjusted
EBITDA totaled $27 million for both 2016 and 2015.

IPH - The 2016 operating loss was $87 million, compared to 2015
operating income of $49 million as higher capacity revenues and
lower O&M costs were offset by higher 2016 impairment charges.
Adjusted EBITDA totaled $102 million in 2016, compared to $77
million in 2015 due to higher capacity revenues and lower O&M costs
from fewer planned outages.

CAISO - The 2016 operating loss was $5 million, compared to $8
million for 2015 as a result of lower energy margin, net of hedges.
Adjusted EBITDA totaled $59 million in 2016 compared to $44
million in 2015, primarily due to higher capacity revenues and a
supplier settlement.

Segment Review of Results Quarter-over-Quarter

PJM - The fourth quarter 2016 operating income was $137 million,
compared to $101 million for the fourth quarter 2015.  The increase
was due to higher energy margin, net of hedges, and non-cash
mark-to-market gains on derivatives, partially offset by lower
capacity revenues.  Adjusted EBITDA totaled $181 million in 2016
versus $171 million in 2015 as lower O&M and higher retail margins
benefited results.

NY/NE - The fourth quarter 2016 operating loss was $7 million,
compared to $55 million for the fourth quarter 2015 due to lower
impairment charges and non-cash mark-to-market gains on
derivatives, partially offset by lower energy margin, net of
hedges.  Adjusted EBITDA totaled $29 million in 2016 compared to
$56 million in 2015 primarily due to lower energy margins, net of
hedges.

MISO - The fourth quarter 2016 operating loss was $42 million,
compared to $28 million for the fourth quarter 2015.  The decrease
was due to lower energy margin, net of hedges, and non-cash
mark-to-market losses on derivatives.  Adjusted EBITDA increased to
$8 million in 2016 compared to ($1) million in 2015 primarily due
to lower O&M expense from fewer planned outages.

IPH - The fourth quarter 2016 operating income was zero, compared
to $10 million for the fourth quarter 2015 primarily due to higher
O&M costs.  Adjusted EBITDA was $20 million in 2016 and $16 million
in 2015.

CAISO - The fourth quarter 2016 operating loss was $5 million,
compared to $6 million for the fourth quarter 2015.  Adjusted
EBITDA in 2016 was $14 million versus $12 million in 2015 primarily
due to higher capacity revenues in the most recent period.

Consolidated Cash Flow

The Company states, "Cash provided by operations for the full year
of 2016 was $676 million.  During the full year 2016, our power
generation facilities and retail operations provided cash of $1.02
billion.  Corporate and other activities used cash of $557 million
primarily for interest payments on various debt agreements of $538
million and acquisition-related costs of $19 million.  In addition,
changes in working capital and other provided cash of $216 million
during the period."

"Cash used in investing activities totaled $2.15 billion for the
full year of 2016.  During the period, restricted cash increased by
$2.0 billion from proceeds from the tranche C term loan being held
in escrow for the ENGIE acquisition and $21 million related to the
original issuance discount and interest income.  Additionally, we
paid $326 million in capital expenditures, received $176 million
from asset sales, received $14 million in distributions from our
unconsolidated investment in Elwood and received $10 million in
proceeds from an insurance claim.

"Cash provided by financing activities totaled $2.74 billion for
the full year of 2016 primarily due to $2 billion in proceeds
related to the tranche C term loan, $750 million in proceeds from
our 2025 bonds, $443 million in net proceeds from our tangible
equity units and $198 million of proceeds related to our forward
capacity agreement.  This was partially offset by $18 million in
financing costs related to our debt issuances, $550 million in
voluntary repayments associated with our tranche B-2 term loan, $39
million in other scheduled debt payments, $22 million in dividend
payments on our preferred stock and $17 million in interest rate
swap settlement payments."

Recent Developments

Portfolio Changes

Dynegy has reached an agreement to sell two peaking facilities in
PJM to LS Power for $480 million in cash.  The assets to be sold
include the Armstrong and Troy facilities totaling 1,269 MW.
Proceeds will be used for debt reduction.

Dynegy reached an agreement with AEP to realign and consolidate the
ownership of the Conesville and Zimmer Power Stations in Ohio.
Dynegy agreed to sell its 40% ownership interest (312 MW) in
Conesville Power Station and acquire AEP's 25.4% ownership interest
in Zimmer.  No additional consideration will be paid to either
party, however AEP will return a $58 million letter of credit
previously posted by Dynegy to AEP.  As a result, Dynegy will own
71.9% (971 MW) of the Company-operated Zimmer Power Station, a
reliable and fully controlled coal plant and will no longer have an
ownership interest in Conesville.  The overall capacity for the
Conesville and Zimmer generating stations is 780 MW and 1,350 MW,
respectively.

Our co-owner of Killen Station, AES, is involved in an Electric
Security Plan proceeding in Ohio in which AES has reached a
settlement that, if approved, includes a plan to retire the Killen
Station.  Dynegy has agreed with AES to retire that plant by
mid-2018.  The Stuart Power Station, jointly owned by Dynegy, AES,
and AEP, is also under advanced review for potential retirement.
If both retirements occur, 2,900 MW of baseload coal generation
would leave PJM.  Dynegy continues to look to optimize its
ownership structure in jointly owned units, Miami Fort and Zimmer
Power Stations.

Genco Restructuring

Genco emerged from its prepackaged Chapter 11 restructuring on
February 2, 2017. As a result, Genco's $825 million in unsecured
bonds were eliminated.  Participating bondholders exchanged $757
million in bonds thus far for $113 million in cash, $182 million in
new Dynegy unsecured bonds due 2024 and 8.7 million seven-year
warrants for Dynegy Inc. common stock with a strike price of $35.
Bondholders who did not participate have 165 days post-emergence to
file a claim and receive consideration, after which time their
claim will be permanently extinguished.  As a result of the
restructuring, Dynegy's annual consolidated interest expense has
been reduced by approximately $45 million.  At year end, IPH had
$84 million in cash on hand and $79 million in cash collateral
posted, providing Dynegy with more than sufficient funding to pay
bondholders.  Upon return of all previously posted cash collateral
and payment of advisor fees, approximately $38 million of cash will
be retained by Dynegy.

ENGIE

On February 7, Dynegy completed its acquisition of ENGIE's US
portfolio. Dynegy repriced its term loan C resulting in
approximately $100 million in interest savings over the next seven
years.  The Company also upsized the loan by $224 million to
refinance the existing term loan B due in 2020, extending the
maturity by four years to 2024.  Simultaneous with closing, Dynegy
upsized its liquidity facilities by $170 million to $1.65 billion
and extended the maturity date on $450 million in existing revolver
capacity from 2018 to 2021.

Separately, Dynegy has increased ENGIE synergy targets from $90
million to $120 million with 75% of the synergies secured at
closing and a full 90% to be achieved by year end 2017.

PRIDE

PRIDE Energized (Producing Results through Innovation by Dynegy
Employees) launched in early 2016 with goals of $250 million in
EBITDA contributions and $400 million in balance sheet improvements
by the end of 2018.  Through the end of 2016, Dynegy achieved $150
million in contributions to EBITDA and $422 million in balance
sheet improvements, reaching all balance sheet goals two years
ahead of schedule.

                         About Dynegy Inc.

Through its subsidiaries, Houston, Texas-based Dynegy Inc. (NYSE:
DYN) -- http://www.dynegy.com/-- produces and sells electric
energy, capacity and ancillary services in key U.S. markets.  The
power generation portfolio consists of approximately 12,200
megawatts of baseload, intermediate and peaking power plants fueled
by a mix of natural gas, coal and fuel oil.

Dynegy Holdings LLC and four other affiliates of Dynegy Inc. sought
Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Lead Case No.
11-38111) on Nov. 7, 2011, to implement an agreement with a group
of investors holding more than $1.4 billion of senior notes issued
by Dynegy's direct wholly-owned subsidiary, Dynegy Holdings,
regarding a framework for the consensual restructuring of more than
$4.0 billion of obligations owed by DH.  If this restructuring
support agreement is successfully implemented, it will
significantly reduce the amount of debt on the Company's
consolidated balance sheet.  Dynegy Holdings disclosed assets of
$13.77 billion and debt of $6.18 billion.

Dynegy Inc. on July 6, 2012, filed a voluntary petition to
reorganize under Chapter 11 (Bankr. S.D.N.Y. Case No. 12-36728) to
effectuate a merger with Dynegy Holdings, pursuant to Holdings'
Chapter 11 plan.

Dynegy Holdings and its parent, Dynegy Inc., completed their
Chapter 11 reorganization and emerged from bankruptcy Oct. 1, 2012.
Under the terms of the DH/Dynegy Plan, DH merged with and into
Dynegy, with Dynegy, Inc., remaining as the surviving entity.

Dynegy Northeast Generation, Inc., Hudson Power, L.L.C., Dynegy
Danskammer, L.L.C. and Dynegy Roseton, L.L.C., won confirmation of
their plan of liquidation in March 2013, allowing the former
operating units of Dynegy to consummate a settlement agreement
resolving some lease trustee claims and sell their facilities.

                           *     *     *

The Troubled Company Reporter, on June 20, 2016, reported that S&P
Global Ratings affirmed its 'B+' corporate credit rating on Dynegy
Inc.  The outlook is stable.

Additionally, S&P is assigning a 'BB' rating and '1' recovery
rating to the proposed senior secured term loan B.  The '1'
recovery rating indicates expectations for very high (90%-100%)
recovery in the event of a payment default.


E. ALLEN REEVES: Taps Ciardi Ciardi & Astin as Legal Counsel
------------------------------------------------------------
E. Allen Reeves, Inc. seeks approval from the U.S. Bankruptcy Court
for the Eastern District of Pennsylvania to hire legal counsel.

The Debtor proposes to hire Ciardi Ciardi & Astin, P.C. to give
legal advice regarding its duties under the Bankruptcy Code, and
provide other legal services related to its Chapter 11 case.

The hourly rates charged by the firm are:

     Albert Ciardi, III     $515
     Jennifer McEntee      $350
     Stephanie Frizlen     $120

Albert Ciardi, III, Esq., disclosed in a court filing that he and
other members of his firm do not hold any interest adverse to the
Debtor's bankruptcy estate.

The firm can be reached through:

     Albert A. Ciardi, III, Esq.
     Ciardi Ciardi & Astin, P.C.
     One Commerce Square
     2005 Market Street, Suite 3500
     Philadelphia, PA 19103
     Tel: (215) 557-3550
     Fax: 215-557-3551
     Email: aciardi@ciardilaw.com

                      About E. Allen Reeves

E. Allen Reeves, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Pa. Case No. 17-11354) on February 27,
2017.  The petition was signed by Robert N. Reeves, Jr., president.
The case is assigned to Judge Ashely M. Chan.

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


EAGAN AVENATTI: Involuntary Chapter 11 Case Summary
---------------------------------------------------
Alleged Debtor: Eagan Avenatti LLP
                520 Newport Center Drive #1400
                New Port Beach, CA 92660

Case Number: 17-01329

Type of Business: Law Firm

Involuntary Chapter 11 Petition Date: March 1, 2017

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

Judge: Hon. Karen S. Jennemann

Petitioner's Counsel: Pro Se

   Petitioner                  Nature of Claim  Claim Amount
   ----------                  ---------------  ------------
Gerald Tobin                    Lack of Payment       $28,700
2014 Edgewater Drive #169
Orlando, FL 32804
407-367-8631


EAST COAST FOODS: Wants OK for Hope & IRS Cash Collateral Use Pacts
-------------------------------------------------------------------
Bradley Dl Sharp, the Chapter 11 Trustee for East Coast Foods,
Inc., asks the U.S. Bankruptcy Court for the Central District of
California to approve the stipulation for use of cash collateral of
Bank of Hope, A California Corporation, as successor-in-interest to
Wilshire Bank, A California Corporation, and the stipulation for
use of cash collateral of Internal Revenue Service.

A hearing to consider the approval of the Stipulations will be held
on March 8, 2017, at 11:00 a.m.

Prior to the Chapter 11 Trustee's appointment, the Debtor and the
Lender had entered into stipulations for cash collateral use which
were approved by the Court.  The last cash collateral stipulation
between the Debtor and the Lender expired as of July 31, 2016, but
was subject to extension by mutual agreement of the parties without
need for further court order.  Since that time, the Chapter 11
Trustee was appointed, constituting an event of default under a
prior stipulation.  Nevertheless, the Chapter 11 Trustee has been
making regular adequate protection payments under the prior
stipulation, and the parties have remained in agreement regarding
the continued use of cash collateral.  To formalize their cash
collateral agreement, and after arm's-length negotiations, the
Chapter 11 Trustee and Lender have executed the Hope Stipulation,
providing for the terms under which the estate will be allowed to
continue its use of cash collateral.  The Chapter 11 Trustee asks
the Court to approve that stipulation.

The Debtor and IRS didn't have a prior agreement regarding the use
of cash collateral.  However, the Chapter 11 Trustee and IRS have
now entered into the IRS Stipulation for the continued use by the
estate of cash collateral.  The Chapter 11 Trustee also seeks
approval of the stipulation.

The Chapter 11 Trustee requires the continued use of cash
collateral to operate the Debtor's business as a going concern.
Because both of the secured creditors consent to the use of cash
collateral, good cause exists for the Court to approve the two
stipulations and authorize the continued use of cash collateral by
the estate.

A copy of the Debtor's request for approval of the stipulations is
available at http://bankrupt.com/misc/cacb16-13852-489.pdf

                      About East Coast Foods

East Coast Foods Inc., a California corporation, is the owner and
operator of four Roscoe' Chicken N' Waffles restaurants in Los
Angeles area.  East Coast Foods sought protection under Chapter 11
of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 16-13852) on
March 25, 2016.  The petition was signed by Herbert Hudson,
president.

The Debtor is represented by Vakhe Khodzhayan, Esq., at KG Law,
APC.  The case is assigned to Judge Sheri Bluebond.

The Debtor estimated assets of $0 to $50,000 and debts of $10
million to $50 million.

The Office of the U.S. Trustee on April 29 appointed five creditors
of East Coast Foods, Inc., to serve on the official committee of
unsecured creditors.

Bradley D. Sharp was appointed Chapter 11 trustee of the Debtor's
estate on Sept. 28, 2016.


EASTERN OUTFITTERS: CVS Pharmacy Objects to Bid Procedures
----------------------------------------------------------
Lease guarantor CVS Pharmacy, Inc., filed with the U.S. Bankruptcy
Court for the District of Delaware a limited objection to Eastern
Outfitters, LLC, et al.'s motion for approval of proposed bid
procedures with respect to a potential sale of substantially all of
the Debtors' assets to Sportsdirect.com Retail Ltd. or its
assigns.

As reported by the Troubled Company Reporter on Feb. 16, 2017, the
Debtors asked the Court to authorize the bidding procedures and
Stalking Horse APA in connection with the sale of substantially all
assets to Sportsdirect.com Retail Ltd. for (i) a cash equal to
$500,000, as the same may be increased as mutually agreed by the
parties; (ii) a credit bid of (a) the outstanding DIP Financing
Obligations and (b) a portion of the second lien financing
obligations held by the buyer and its affiliates equal to $29
million; (iii) the payoff in full by the Buyer of all of the
outstanding first lien financing obligations, if any, in accordance
with the first lien financing and each applicable intercreditor
agreement; and (iv) the assumption by the buyer of the assumed
liabilities, subject to higher and better offers.

CVS Pharmacy says that it generally supports the proposed sale and
bid procedures, provided that the proposed sale, and the proposed
buyer, are real.  "However, certain changes are required to the
proposed Bid Procedures so that the true nature of the proposed
stalking horse bid can be understood and so that CVS and non-debtor
contract and lease parties can effectively protect their
interests," CVS Pharmacy states.
  CVS Pharmacy complains that, among other things:

     a. while the Debtors have suggested that the stalking horse
        is acquiring substantially all of the Debtors' assets and
        that the proposed sale is saving 1,900 jobs, the stalking
        horse has not committed to accept assignment of any
        particular non-residential real property lease and CVS
        Pharmacy is concerned that the suggestion of a "going
        concern" sale may be illusory;

     b. CVS Pharmacy is an alleged guarantor of certain leases
        that the Debtors may seek to assume and assign or reject,
        it has an active interest in understanding the Debtors'
        intentions with respect to the leases and whether the
        proposed assignee for any of the leases can uphold its
        obligations thereunder.  The Debtors should therefore send

        any sale-related notices to CVS Pharmacy, including but
        not limited to the sale notice, the cure notice, the
        assumption notice and the rejection notice, so that it can

        remain apprised of the status and outcome of the sale
        process and take any steps necessary to protect its
        interests.  CVS Pharmacy objects to the Bid Procedures
        Motion to the extent it is not included as a notice party
        for the notices; and

     c. under the proposed schedule, CVS Pharmacy and the non-
        debtor lease parties will not receive notice of the
        identity of potential assignees and adequate assurance
        information until March 22, 2017, which is only two days
        before the proposed sale hearing, an insufficient time
        period for CVS Pharmacy and others to assimilate and
        evaluate the adequate assurance information for both the
        prevailing bidder and the back up bidder and, if
        necessary, prepare and present an objection.  CVS Pharmacy

        has a vested interest in ensuring that Sportsdirect,
        Newco, or any other prevailing bidder is adequately
        capitalized so as to uphold its obligations under any
        assumed and assigned leases, and requires a meaningful
        opportunity to review adequate assurance information in
        advance of the sale hearing to ensure that its rights and
        interests are protected.

A copy of the Objection is available at:

         http://bankrupt.com/misc/deb17-10243-141.pdf

                   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.


EFT HOLDINGS: Will File Dec. 31 Form 10-Q Within Extension Period
-----------------------------------------------------------------
EFT Holdings, Inc. filed a Form 12b-25 with the Securities and
Exchange Commission notifying the delay in the filing of its
quarterly report on Form 10-Q for the period ended Dec. 31, 2016.

The Company said the compilation, dissemination and review of the
information required to be presented in the Quarterly Report on the
Form 10-Q for the relevant period has imposed time constraints that
have rendered timely filing of the Form 10-Q impracticable without
undue hardship and expense to the Company.  The Company undertakes
the responsibility to file such report no later than the fifth day
after its original prescribed due date.

                      About EFT Holding

California-based EFT Holdings, Inc., is primarily an e-Business
company designed around the "Business-to-Customer" concept, which
means that the Company's products are sold directly to customers
through its web site.  The Company's "Business-to-Customer" model
differs from the traditional "Business to Business" model where
products are sold to distributors who then sell the products to
ultimate customers.

EFT Holdings reported a net loss of $5.30 million on $968,000 of
net total revenues for the fiscal year ended March 31, 2015,
following a net loss of $20.3 million on $1.80 million of net total
revenues for the year ended March 31, 2014.


EIDOLON BRANDS: Taps JND Corporate as Solicitation Agent
--------------------------------------------------------
Eidolon Brands, LLC and Ben Hogan Golf Equipment Company, LLC seek
approval from the U.S. Bankruptcy Court for the Northern District
of Texas to hire JND Corporate Restructuring.

The Debtors tapped the firm to oversee the distribution of notices,
and solicitation and balloting of votes in connection with any plan
of reorganization to be filed in their Chapter 11 cases.

The hourly rates charged by the firm are:

     Clerical                     $35 – $40
     Case Assistant               $65 – $80
     IT Manager                 $105 - $120
     Case Consultant            $135 - $140
     Senior Case Consultant     $155 - $160
     Case Director              $175 - $190

Travis Vandell, chief executive officer of JND, 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 Vandell
     JND Corporate Restructuring
     8269 E. 23rd Ave., Suite 275
     Denver, CO 80238
     Phone: 800-207-7160
     Email: info@jndla.com

                    About Eidolon Brands LLC

Eidolon Brands, LLC, and Ben Hogan Golf Equipment Company, LLC,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
N.D. Tex. Case Nos. 17-40300 and 17-40301) on Jan. 28, 2017.  The
cases are jointly administered under (Bankr. N.D. Tex. Case No.
17-40300).  The petitions were signed by Scott White, chief
executive officer.  

The Debtors are represented by Hunter Brandon Jones, Esq. and John
Y. Bonds, Esq., at Bonds Ellis Eppich Schafer Jones LLP.  The case
is assigned to Judge Russel F. Nelms.  At the time of the filing,
the Debtors estimated their assets and liabilities at $1 million to
$10 million.


ENERGY FUTURE: Says IRS' Proofs of Claim Need to be Amended
-----------------------------------------------------------
Energy Future Holdings Corp., et al., filed with the U.S.
Bankruptcy Court for the District of Delaware an objection to the
proofs of claim filed by the Internal Revenue Service for unpaid
taxes or penalties.  

A hearing to consider the objection is scheduled for March 28,
2017, at 10:00 a.m. (EDT).  The deadlines for objections is March
15, 2017, at 4:00 p.m. (EDT).

In the alternative, the Debtors ask the Court to estimate Proofs of
Claims for purposes of enabling distributions to proceed.  The
Debtors believe that the Proofs of Claims should be amended to
reflect a total amount owed of approximately $47.6 million, which
amount accounts for (a) finalized computations agreed with the IRS
for tax years 1999–2009; (b) an agreed principal amount for 2011;
(c) the Debtors' estimate for accrued interest; and (d) amounts
owed to the Debtors with respect to certain refunds (and related
interest) claimed for tax years 2014 and 2015.  Of those amounts,
the Debtors believe that the only potential disagreement with the
IRS relates to amount of interest accrued on the principal; but, to
date, the IRS has not provided its interest calculations to the
Debtors.

On Oct. 9, 2014, Oct. 16, 2014, and Oct. 23, 2014, the IRS filed
the Proofs of Claims, asserting tax and penalty claims in the
aggregate amount of approximately $244 million against each and
every one of 32 of the Debtors.

The Proofs of Claims have always represented a "placeholder" that
did not account for the resolution of substantially all of the tax
issues raised with respect to the ongoing audits.  The scope of the
issues addressed by the Proofs of Claims is extensive: the Proofs
of Claim address potential tax adjustments, together with certain
interest and refund issues, ranging from tax year 1999 through
2013.  As of the Petition Date, the Debtors and the IRS had
resolved the vast majority of the material issues for these audits.
However, a substantial amount of work, including the satisfaction
of certain procedural requirements, remained necessary to finalize
the calculations for certain of the prepetition years -- and,
accordingly, a correct amount for the
Proofs of Claims.

Throughout the course of these bankruptcy cases, the Debtors and
the IRS have diligently worked together to complete this work.
Indeed, the Revenue Agent Report (a form that reflects final
calculations with respect to open audit periods) for tax years
2010–2013 -- the final prepetition years outstanding -- was
finalized in July 2016.  Since then, the only thing standing in the
way of finally reconciling the Proofs of Claims has been certain
calculations necessary to appropriately account for interest.
Unfortunately, these calculations have not been completed and, as a
result, the IRS has not amended the Proofs of Claims.  Despite
this, ultimately, the Debtors believe that the IRS agrees that the
Proofs of Claims are substantially overstated.

The vast majority of the work needed to finalize the Proofs of
Claims has been completed since the middle of 2016.  However, the
IRS has not been able to provide a date certain to the Debtors as
to when it anticipates completing its final computations for tax
years 2010-2014 (which the Debtors believe is the last set of
information necessary to come to agreement on the accurate amount
of the liabilities asserted by the Proofs of Claims).

As the EFH/EFIH Debtors now progress toward emergence from Chapter
11, time is now a major factor, and reconciliation of the Proofs of
Claims must be resolved without further delay.

The Debtors' Objection is available at:

          http://bankrupt.com/misc/deb14-10979-10909.pdf

                       About Energy Future

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

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

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

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

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

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

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

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

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

                          *     *     *

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

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

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

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


ENRON CORP: Suit Against UBS Units Over Fraud Involvement Junked
----------------------------------------------------------------
Kat Greene, writing for Bankruptcy Law360, reports that U.S.
District Judge Melinda Harmon dismissed a lawsuit against UBS AG
units over their alleged involvement in Enron Corp.'s fraud
scheme.

Law360 relates that Judge Harmon ended the 15-year battle over
whether former workers and other investors should have been warned
their stock options and equities were about to go bust.  According
to the report, the investors thought they were cheated when a
UBS-related PaineWebber broker unit didn't warn them of inside
information about Enron's book-cooking.

                        About Enron Corp.

Enron Corporation (former New York Stock Exchange ticker symbol
ENE) was an American energy, commodities, and services company
based in Houston, Texas.  Before its collapse and bankruptcy in
2001, Enron employed approximately 20,000 staff and was one of the
world's major electricity, natural gas, communications, and pulp
and paper companies, with claimed revenues of nearly $111 billion
during 2000.

Based in Houston, Texas, Enron Corporation filed for Chapter 11
protection (Bankr. S.D.N.Y. Case No. 01-16033) on Dec. 2, 2001,
following controversy over accounting procedures that caused its
stock price and credit rating to drop sharply.

Enron hired lawyers at Togut Segal & Segal LLP; Weil, Gotshal &
Manges LLP; Venable; Cadwalader, Wickersham & Taft, LLP for its
bankruptcy case.  The Official Committee of Unsecured Creditors in
the case tapped lawyers at Milbank, Tweed, Hadley & McCloy LLP.

The Debtors won confirmation of their Plan in July 2004, and the
Plan was declared effective on Nov. 17, 2004.  After approval of
the Plan, the new board of directors decided to change the name of
Enron Corp. to Enron Creditors Recovery Corp. to reflect the
current corporate purpose.  ECRC's sole mission is to reorganize
and liquidate certain of the operations and assets of the "pre-
bankruptcy" Enron for the benefit of creditors.

ECRC has been involved in the MegaClaims Litigation, an action
against 11 major banks and financial institutions that ECRC
believes contributed to Enron's collapse; the Commercial Paper
Litigation, an action involving the recovery of payments made to
commercial paper dealers; and the Equity Transactions Litigation,
which ECRC filed against Lehman Brothers Holdings, Inc., UBS AG,
Credit Suisse and Bear Stearns to recover payments made to the
four banks on transactions involving Enron's stock while the
company was insolvent.


EPICENTER PARTNERS: CPF to Contribute $1.7-Mil. to Fund Plan
------------------------------------------------------------
CPF Vaseo Associates, LLC, has filed its latest Chapter 11 plan of
reorganization for Epicenter Partners LLC and its affiliates that
proposes to make pro rata distributions to non-insider unsecured
claims through the creation of a fund.

Under the latest plan, CPF Vaseo Associates, LLC, will contribute
$1.7 million to the "unsecured creditor dividend fund" if all
creditors holding Class 4 non-insider unsecured claims vote in
favor of the plan.  If any of these creditors reject the plan, CPF
will contribute $500,000.

In exchange for the contribution and the other benefits it will
provide under the plan, CPF will receive 100% of the new equity
security interests in each of the reorganized companies.

The reorganized companies will make an initial 50% distribution to
Class 4 creditors 60 days after the plan takes effect, subject to
the requirement to keep appropriate reserves for disputed claims.
Final distribution will be made after all objections to claims are
resolved.

Class 4 creditors are impaired and are entitled to vote to accept
or reject the plan, according to CPF's latest disclosure statement
filed on Feb. 23.

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

                    https://is.gd/S6QS9G

                 About Epicenter Partners

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

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

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

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

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


ESPLANADE HL: May Use First Midwest's Collateral Until March 19
---------------------------------------------------------------
The Hon. Carol A. Doyle of the U.S. Bankruptcy Court for the
Northern District of Illinois entered a fifth interim order
authorizing Esplanade HL, LLC, et al.'s use of cash collateral of
First Midwest Bank until March 19, 2017.

All proceeds of the prepetition collateral that would be subject to
FMB's security interests or liens will also be subject to the
adequate protection liens.  In addition to all existing security
interests and liens granted to and held by FMB in and to the
prepetition collateral, as further adequate protection for the
Debtors' use of cash collateral on the terms and conditions of the
Fifth Interim Order, but only to secure an amount equal to the
collateral diminution, the borrowers grant to FMB, automatically
and retroactively effective as of the Petition Date, valid,
binding, and properly perfected postpetition security interests and
replacement liens on the prepetition collateral.

A copy of the court order and the budget is available at:
  
          http://bankrupt.com/misc/ilnb16-33008-112.pdf

Big Rock Ranch, LLC, is not authorized to use the cash collateral.

As reported by the Troubled Company Reporter on Jan. 16, 2017,
Judge Doyle authorized 171 W. Belvidere Road, LLC, and affiliated
Debtors to use FMB's cash collateral for the period from Jan. 16,
2017, through Feb. 12, 2017.

                        About Esplanade HL

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

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

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

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


ESSAR STEEL: Mediation Scheduled Later This Month
-------------------------------------------------
Essar Steel Algoma Inc. advised on March 1, 2017, that at the
request of the Honourable Mr. Warren Winkler, the mediator
appointed by Justice Newbould of the Ontario Superior Court of
Justice, the company has not requested a No Board Report.  Mr.
Winkler has scheduled dates later this month for mediation amongst
the parties, specifically the company, the successful bidder
identified through the court-approved Sale and Investment
Solicitation Process, and representatives of the union.

Essar Steel Algoma Chief Executive Officer Kalyan Ghosh commented
on the development, "Our focus is on emerging from CCAA as a strong
and sustainable advanced steel manufacturer.  We remain optimistic
that a deal can be achieved among all stakeholders that ensures
this outcome."

                       About Essar Steel

Headquartered in Sault Ste. Marie, Ontario, Canada, Essar Steel
Algoma Inc. is an integrated steel producer.  Essar Steel operates
one of Canada's largest integrated steel manufacturing facilities.

Approximately 80% to 85% of ESA's sales are sheet products with
plate products accounting for the balance.  For the 12 months
ending Dec. 31, 2013, ESA generated revenues of C$1.8 billion.

Robert J. Sandoval filed a petition under Chapter 15 of the U.S.
Bankruptcy Code for Essar Steel Algoma Inc., and its debtor
affiliates on July 16, 2014, following the companies' initiation of
a reorganization under Canada's Companies' Creditors Arrangement
Act.  The lead case is Essar Steel Algoma Inc., Case No. 14-11730
(D. Del.).  

The Chapter 15 case is assigned to Judge Brendan Linehan Shannon.

Essar Steel's counsel in the Chapter 15 case is Daniel J.
DeFranceschi, Esq., and Amanda R. Steele, Esq., at Richards, Layton
& Finger, P.A., in Wilmington, Delaware.


EVANS & SUTHERLAND: Peter Kellogg Owns 33% Stake as of Dec. 30
--------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Peter R. Kellogg disclosed that as of Dec. 30, 2016, he
beneficially owns 3,747,794 shares of common stock of Evans &
Sutherland Computer Corporation representing 33 percent of the
shares outstanding.  During the past 60 days, Mr. Kellogg purchased
an aggregate of 248,794 common shares.  A full-text copy of the
regulatory filing is available for free at:

                       https://is.gd/bf7TtJ

                    About Evans & Sutherland

Salt Lake City, Utah-based Evans & Sutherland Computer Corporation
in conjunction with its wholly owned subsidiary, Spitz Inc.,
creates innovative digital planetarium systems and cutting-edge,
full-dome show content.  E&S has developed Digistar 5, the world's
leading digital planetarium with full-dome video playback, real-
time computer graphics, and a complete 3D digital astronomy
package fully integrated into a single theater system.  This
technology allows audiences to be immersed in full-color, 3D
computer-generated interactive worlds.  As a full-service system
provider, E&S also offers Spitz domes, hybrid planetarium systems
integrated with Digistar and a full range of theater systems from
audio and lighting to theater automation.  E&S markets include
planetariums, science centers, themed attraction venues, and
premium large-format theaters.  E&S products have been installed
in over 1,300 theaters worldwide.

Evans & Sutherland reported a net loss of $1.27 million on $35.3
million of sales for the year ended Dec. 31, 2015, compared to a
net loss of $1.30 million on $26.5 million of sales for the year
ended Dec. 31, 2014.

As of Sept. 30, 2016, Evans & Sutherland had $24.67 million in
total assets, $25.37 million in total liabilities and a total
stockholders' deficit of $693,000.


EXTREME PLASTICS: Court Extends Plan Filing Deadline Until April 28
-------------------------------------------------------------------
Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the
District of Delaware extended the time within which only Old EPP,
Inc. f/k/a Extreme Plastics Plus, Inc. and Old EPP Intermediate,
Inc., f/k/a EPP Intermediate Holdings, Inc., have the exclusive
right to file a Chapter 11 Plan and solicit acceptances thereof,
through April 28, 2017 and June 27, 2017, respectively.

The Troubled Company Reporter had earlier reported that the Debtors
sought for exclusivity extension telling the Court that after the
Third Exclusivity Extension, they had achieved a key milestone in
its Chapter 11 cases by getting the Court's approval to sell
substantially all of their assets on Nov. 22, 2016 and closing on
that sale on Dec. 9, 2016.  The Debtors related that they have
reached an agreement that further extends the use of cash
collateral through March 31, 2017, and negotiated a wind-down
budget with their Lenders.

In addition, the Debtors related that shortly following the closing
of the sale, they had filed a notice of abandonment of financed
vehicles not sold to the Purchaser, and had obtained the Court's
authorization to reject all of their executory contracts and
unexpired leases not assumed and assigned to the Purchaser.

However, the Debtors contended that there would still be
considerable work to be done in order for them to complete the wind
down of their estates, which includes: (a) resolution of all of
their tax issues and payment of all postpetition tax obligations,
(b) termination of their 401k plan and completion of audit of the
plan, (c) liquidation of their remaining assets consisting
primarily of refunds due, and (d) working with the Purchaser to
address post-closing issues.

                   About Extreme Plastics Plus

Founded in 2007, privately-held Extreme Plastics Plus, Inc.,
operates an environmental containment business specializing in
providing environmental lining, above ground storage tanks,
composite rig mats, secondary steel wall containment systems, and
closed loop solids control services, primarily for the oil and gas
industry.  Extreme Plastics has six facilities in Fairmont, West
Virginia, Tunkhannock, Pennsylvania, St. Clairsville, Ohio, Moore,
Texas, Odessa, Texas, and Oklahoma City, Oklahoma.

The stock of Extreme Plastics is held entirely by EPP Intermediate
Holdings, Inc.  The stock of EPP Intermediate is held entirely by
EPP Holding Company, LLC, a non-debtor.

Extreme Plastics, and affiliate EPP Intermediate Holdings, Inc.,
sought Chapter 11 protection (Bankr. D. Del. Lead Case No.
16-10221) on Jan. 31, 2016, as the ongoing decline in the price of
oil and natural gas negatively impacted demand of the Debtors'
services.

Extreme Plastics estimated $10 million to $50 million in assets and
$50 million to $100 million in debt.  EPP Intermediate estimated $1
million to $10 million in assets and $50 million to $100 million in
debt.

As of the Petition Date, Extreme Plastics owes $49.5 million under
a secured facility provided by lenders led by Citizens Bank of
Pennsylvania, as agent.  The facility is secured by a lien in
substantially all of the Debtors' assets, as well as a pledge of
100% of the equity in Extreme Plastics and EPP Intermediate.

The Debtors are represented by William D. Sullivan, Esq., at
Sullivan Hazeltine Allinson LLC, and have retained Epiq Bankruptcy
Solutions, LLC, as claims and noticing agent.

The U.S. Trustee has appointed five members to the Official
Committee of Unsecured Creditors.  The Committee selected Reed
Smith LLP as counsel.


FLORIDA EAR: Wants To Use JPMorgan & Dr. Silverstein's Collateral
-----------------------------------------------------------------
Florida Ear & Sinus Center, P.A., asks the U.S. Bankruptcy Court
for the Middle District of Florida for authorization to use cash
collateral of JPMorgan Chase Bank, N.A., and Dr. Herbert
Silverstein to continue the operation of its business, to maintain
the estate, to maximize the return on its assets, and to otherwise
avoid irreparable harm and injury to its business and the estate.

A copy of the Debtor's request is available at:

          http://bankrupt.com/misc/flmb17-01120-9.pdf

On June 11, 2014, Chase Bank, made a loan to the Debtor in the
principal amount of $250,000, evidenced by a line of credit note
given by Debtor in favor of Chase Bank. The indebtedness under the
Chase Bank Loan is secured by that certain Continuing Security
Agreement dated June 11, 2014, Credit Agreement dated June 11,
2014, and a UCC-1 Financing Statement filed on June 19, 2014, which
among other things appears to have granted a lien to Chase Bank on
the Debtor's inventory, accounts, equipment, general intangibles,
and fixtures.  As of the Petition Date, the total balance under the
Chase Bank Loan is approximately $250,000.

In addition to the Chase Bank Loan, the Debtor may be indebted to
Chase Bank (a) in the approximate amount of $4,900,000 for
contingent guaranty liabilities associated with financing on the
property on which the Debtor operates, and (b) in connection with
two equipment loans in the aggregate amount of approximately
$92,000.

On Jan. 31, 2017, Dr. Silverstein made a loan to the Debtor in the
principal amount of $150,000, evidenced by a promissory note given
by the Debtor in favor of Dr. Silverstein.  The indebtedness under
the Silverstein loan is secured by that certain Security Agreement
dated Jan. 31, 2017, and a UCC-1 Financing Statement filed on Feb.
8, 2017, which granted a junior lien to Dr. Silverstein on the
Debtor's inventory, accounts, equipment, general intangibles, and
fixtures.  As of the Petition Date, the total principal balance
under the Silverstein Loan is $150,000.

Chase Bank and Dr. Silverstein may assert they have a lien on the
Debtor's accounts receivable and, in the case of Chase Bank, upon
the bank account maintained at Chase Bank, and that they therefore
have an interest in the Debtor's cash collateral.

The Debtor tells the Court that if its request is not considered on
an expedited basis and if the Debtor is denied the ability to
immediately use Cash Collateral, there will be a direct and
immediate material and adverse impact on the continuing operations
of the Debtor's business and on the value of its assets.  In order
to continue its business activities in an effort to achieve a
successful reorganization, the Debtor must use Cash Collateral in
the ordinary course of business.  The inability of the Debtor to
meet its ordinary business expenses will require the Debtor to
discontinue normal operations, which will result in irreparable
injury to the Debtor and its chances for reorganization.  Any
discontinuation would also materially and adversely impact the
value of the Collateral.  

In exchange for the Debtor's ability to use Cash Collateral in the
operation of its business, the Debtor proposes to grant to the
Lenders as adequate protection replacement liens on assets acquired
after the Petition Date to the same extent, validity, and priority
as existed on the Petition Date and to continue to make regular
payments to Chase Bank on its loans in the approximate amount of
$7,400.  In other words, the Debtor proposes that the Lenders'
"floating" liens on such assets continue to "float" to the same
extent, validity, and priority as existed on the Petition Date.
The Debtor asserts that the interests of the Lenders will be
adequately protected by the replacement liens.

                         About Florida Ear

Headquartered in Sarasota, Florida, Florida Ear & Sinus Center,
P.A., owns and operates a medical practice which specializes in the
treatment of diseases and surgery of the ears, nose and throat.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. M.D.
Fla. Case No. 17-01120) on Feb. 13, 2017, estimating its assets and
liabilities at between $100,001 and $500,000 each.  Harley E
Riedel, Esq., at Stichter Riedel Blain & Postler, P.A., serves as
the Debtor's bankruptcy counsel.


FORESIGHT ENERGY: Accipiter Holds 11.9% of Interests as of Dec. 31
------------------------------------------------------------------
In a regulatory filing with the Securities and Exchange Commission,
these reporting persons disclosed beneficial ownership of Common
Units representing limited partner interests of Foresight Energy LP
as of Dec. 31, 2016:

                                   Common Units     Percentage
  Reporting                        Beneficially        of
   Person                             Owned           Units
  ---------                        ------------     ----------
  Accipiter Life Sciences Fund, LP   3,037,300          4.6%

  Accipiter Life Sciences            4,798,951          7.3%
  Fund (Offshore), Ltd.

  Candends Capital, LLC              3,037,300          4.6%

  Accipiter Capital                  7,836,251         11.9%
  Management, LLC

  Gabe Hoffman                       7,836,251         11.9%

The percentages reported are calculated based on 66,104,673 Common
Units no par value, outstanding as of Nov. 4, 2016, as reported in
the Issuer's Form 10-Q filed with the Securities and Exchange
Commission on Nov. 9, 2016.  A full-text copy of the Schedule 13G/A
is available for free at https://is.gd/6Ty44u

                    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.


FORESIGHT ENERGY: FMR LLC No Longer Owns Common Shares
------------------------------------------------------
FMR LLC and Abigail P. Johnson disclosed in an amended Schedule 13G
filed with the Securities and Exchange Commission on Feb. 13, 2017,
that they have ceased to beneficially own shares of common stock of
Foresight Energy LP.  

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

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

                    https://is.gd/T3JK2k

                    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.


FORESIGHT ENERGY: Moody's Hikes Corporate Family Rating to B3
-------------------------------------------------------------
Moody's Investors Service upgraded Foresight Energy, LLC's
Corporate Family Rating (CFR) to B3 from Caa1, and its probability
of default rating (PD) to B3-PD from Caa1-PD. At the same time,
Moody's assigned ratings to the proposed debt offering, including a
B2 rating to the new first lien term loan and a Caa2 rating to the
new second lien notes, subject to final documentation being
consistent with Moody's expectations. Moody's also changed the
Speculative Grade Liquidity rating to SGL-2 from SGL-3. The ratings
outlook is stable.

On March 1, 2017, the company announced its plan to issue $750
million of new first lien term loan, as well as new second lien
notes due 2024, the proceeds of which will be used to repay the
company's existing revolver, first lien term loan, second lien
notes, and second lien convertible PIK notes. The company's new
capital structure will also include a $170 million revolving credit
facility, with the same claim on collateral as the first lien term
loan. Upon completion of the refinancing transaction, the ratings
on the existing first lien and second lien debt will be withdrawn.

The company also announced that Murray Energy Corporation intends
to contribute approximately $60 million in cash to Foresight in the
form of common equity, and upon consummation of the refinancing
transaction, to exercise its option to acquire an additional 46%
voting interest in Foresight Energy GP LLC, thereby increasing its
voting interest to 80%.

Issuer: Foresight Energy, LLC

Upgrades:

-- Corporate Family Rating, Upgraded to B3 from Caa1

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

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

Assignments:

-- Senior Secured 1st Lien Revolving Credit Facility due 2021,
    Assigned B2 (LGD3)

-- Senior Secured 1st Lien Term Loan due 2022, Assigned B2 (LGD3)

-- Senior Secured 2nd Lien Notes due 2024, Assigned Caa2 (LGD5)

Outlook Actions:

-- Outlook, Remains Stable

RATINGS RATIONALE

"The upgrade reflects the improved industry conditions and the
company's solid contracted position, which drives Moody's
expectations that Debt/ EBITDA, as adjusted, will decline from 5.9x
at September 30, 2016 to roughly 4.5x by the end of 2017", says
Anna Zubets-Anderson, the lead analyst for Foresight. Over the next
two to three years, Moody's expects the leverage to be maintained
at comparable levels.

The B3 CFR continues to capture the company's position as the
lowest cost underground producer in the Illinois Basin, ample
reserves, multiple transportation options, access to export
markets, the stable domestic customer base of large, scrubbed coal
plants and an attractive contracted position. The ratings are
further supported by Moody's views that the Illinois Basin remains
the better positioned coal region in the US due to its low cost
structure. The ratings are constrained by the company's
geographical and operational concentration as an Illinois Basin
producer with four underground mining complexes.

The ratings incorporate Moody's stable outlook on US coal industry.
Although the industry continues to face challenges, coal producers
have received much needed relief with natural gas prices hovering
around $3.00/ million British thermal units (MMBtu). Although the
US presidential election results increase uncertainty around the
direction of government energy policies, domestic coal consumption
will remain under pressure over the long term. Natural gas and
renewables will capture an increasing share of the nation's fuel
mix, smaller and less efficient coal plants will continue to be
retired and coal's share of the nation's overall energy consumption
will likely drop to the mid-20% range within a decade, from about
30% now.

The speculative grade liquidity rating of SGL-2 reflects Moody's
expectations of good liquidity, which includes $104 million in cash
as of December 31, 2016, Moody's expectations of positive free cash
flows, and expected full availability under the new revolver.
Moody's expects the new first lien term loan to contain no
restrictive financial covenants.

The B2 and Caa2 ratings on first lien and second lien debt reflect
their respective position in the company's capital structure with
respect to claim on collateral. The first lien debt will have a
first priority interest in substantially all assets of the
company.

The stable outlook reflects the company's solid contracted position
and expectations that credit metrics will improve over the next
year with leverage declining to around 4.5 times.

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

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

The principal methodology used in these ratings was Global Mining
Industry published in August 2014.

Foresight Energy, LLC (Foresight) is 100% owned by Foresight Energy
LP, which is a Master Limited Partnership (MLP). Foresight is a
thermal coal producer operating in the Illinois Basin. Currently,
the company has four developed mining complexes, with four longwall
operations, one continuous miner operation, and over 2 billion tons
of coal reserves. In 2016 the company generated $876 million in
revenue.



FOREST PARK FORT WORTH: Vintage Medical Objects to Disclosures
--------------------------------------------------------------
Vintage Medical, LLC, objects to the disclosure statement with
respect to the plan of liquidation filed by Forest Park Medical
Center at Fort Worth, LLC, on grounds that the disclosure statement
fails to provide adequate information to holders of allowed general
unsecured claims.

Vintage Medical argues that the disclosure statement fails to
inform general unsecured creditors about the value of the likely
pro rata distribution to the holders of allowed unsecured claims
under the Plan. The disclosure statement also says that the general
unsecured creditors will receive, on account of their claims, a
beneficial interest in the Liquidating Trust to be created upon
consummation of the Plan. The disclosure statement does not value
that interest or provide any information from which value might be
determined. Those Liquidating Trust interests may be worthless or
nearly so.

Accordingly, based upon the disclosure statement, there is no way
to compare the value of likely distributions to unsecured creditors
under the Plan to the value of cash distributions that might be
made in a liquidation under Chapter 7. If the case were converted
to a case under Chapter 7, certain Chapter 11 administrative
expenses and substantial post-liquidation expenses of the
Liquidating Trust might be avoided.

The disclosure statement does not provide adequate information for
a hypothetical reasonable investor in the position of an unsecured
creditor to make an informed judgment about the Plan. It should not
be approved until the necessary information is provided.

Thus, premises considered, Vintage requests that the Court deny
approval of the disclosure statement until it is amended or
supplemented to provide adequate information to unsecured
creditors. Vintage also requests such other and further relief as
may be just and proper.

Attorneys for Vintage Medical, LLC:

     Robert A. Simon
     Texas Bar No. 18390000
     WHITAKER CHALK SWINDLE & SCHWARTZ, PLLC
     301 Commerce Street, Suite 3500
     Fort Worth, Texas 76107
     Telephone: (817) 878-0543
     Facsimile: (817) 878-0501
     Email: rsimon@whitakerchalk.com

        About Forest Park Medical Center at Fort Worth

Forest Park Medical Center at Fort Worth, LLC, is a doctor-owned
Texas limited liability company that owns and operates the Forest
Park Medical Center, a state of the art medical facility, including
private rooms, family suites and intensive care rooms located in
West Fort Worth, Texas.  The hospital employs 175 persons on a
full-time or part-time basis.  The hospital offers a broad range of
surgical services.

Forest Park Medical Center at Fort Worth filed a Chapter 11
bankruptcy petition (Bankr. N.D. Tex. Case No. 16-40198) in Ft.
Worth, Texas, on Jan. 10, 2016.  Judge Russell F. Nelms presides
over the case.

The Debtor estimated assets of $10 million to $50 million and debt
of $50 million to $100 million.

J. Robert Forshey, Esq., and Jeff P. Prostok, Esq., at Forshey &
Prostok, LLP, serve as the Debtor's Chapter 11 counsel.  Ronald
Winters at Alvarez & Marsal Healthcare Industry Group, LLC serves
as the Debtor's CRO.  The Debtor tapped SSG Advisors, LLC and
Chiron Financial Group, Inc. as co-investment bankers.

Vibrant Healthcare Fort Worth, LLC, and FPMC Services, LLC run the
Debtor's hospital in Forth Worth.  Vibrant is the manager of the
hospital operations of Debtor, and FPMC Services employs the
employees at Debtor's hospital and those dedicated to servicing the
hospital's "back office" operations.  They are represented by
William A. Brewer III, Esq., Michael J. Collins, Esq., and Robert
M. Millimet, Esq., at Brewer, Attorneys & Counselors.

An Official Committee of Unsecured Creditors has been appointed in
this case by the United States Trustee, and is represented by Cole
Schotz PC and Arent Fox, LLP lawyers.

                      *     *     *

Forest Park Medical Center at Fort Worth, LLC, filed with the U.S.
Bankruptcy Court for the Northern District of Texas a disclosure
statement with respect to its plan of liquidation, dated Feb. 16,
2017.

Class 1 under the plan consists of holders of allowed general
unsecured claims other than the holders of Class 3 insider claims.

Holders of allowed Class 1 claims will receive a beneficial
interest in the Liquidating Trust.  This beneficial interest will
entitle Class 1 claimants to receive a pro rata share of any
distribution allocable to holders of general unsecured claims pari
passu with holders of allowed Class 3 insider claims and Jefe
Plover in the event that Jefe Plover is determined to have an
allowed unsecured claim.

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

       http://bankrupt.com/misc/txnb16-40198-11-575.pdf


FOREST PARK FORT WORTH: Whitaker Chalk Represents KR Medical, et al
-------------------------------------------------------------------
Whitaker Chalk Swindle & Schwartz, PLLC, filed with the U.S.
Bankruptcy Court for the Northern District of Texas on Feb. 27,
2017 a verified statement pursuant to Rule 2019 of the Federal
Rules of Bankruptcy Procedure, stating that before Forest Park
Medical Center at Fort Worth, LLC, et al., filed their jointly
administered Chapter 11 cases, the Firm represented KR Medical
Technologies, LLC, Vintage Medical, LLC and Synergy IOM, LLC, in
ongoing general business matters unrelated to the Debtors'
bankruptcy cases.  

The Creditors' can be reached at:

     KR Medical Technologies, LLC
     c/o Koby Rogers
     P.O. Box 279
     Roanoke, Texas 76262

     Vintage Medical, LLC
     c/o Jeff Kropheller
     1801 Royal Lane, Suite 908
     Farmers Branch, Texas 75229

     Syngery IOM, LLC
     c/o Jeff Kropheller
     1801 Royal Lane, Suite 908
     Farmers Branch, Texas 75229

Each of the Creditors provided goods or services to Debtor, Forest
Park Medical Center At Fort Worth, LLC, before the Petition Date
for which the Creditor has not been paid in full.  After the
Petition Date, each of the Creditors informed the Firm of its claim
against the Debtor and requested that the Firm file a proof of
claim on its behalf in the Debtor's bankruptcy case.  The Firm has
done so.  Each of the Creditors holds a general unsecured claim
against Debtor.  The respective claim amounts and proof of claim
numbers are:

     KR Medical            $10,170      Proof of Claim No. 4-1
     Vintage Medical      $497,600      Proof of Claim No. 36-1
     Synergy IOM           $54,000      Proof of Claim No. 37-1

Vintage Medical and Synergy IOM are separate legal entities, but
they are under common control.

KR Medical is unrelated to Vintage Medical and Synergy IOM.  The
Creditors are not a committee as this time.  There is no agreement
between the Creditors as to any common representation or joint
course of action.

The Firm can be reached at:

     Robert A. Simon, Esq.
     WHITAKER CHALK SWINDLE & SCHWARTZ, PLLC
     301 Commerce Street, Suite 3500
     Fort Worth, Texas 76102
     Tel: (817) 878-0543
     Fax: (817) 878-0501
     E-mail: rsimon@whitakerchalk.com

         About Forest Park Medical Center at Fort Worth

Forest Park Medical Center at Fort Worth, LLC, is a doctor-owned
Texas limited liability company that owns and operates the Forest
Park Medical Center, a state of the art medical facility,
including private rooms, family suites and intensive care rooms
located in West Fort Worth, Texas.  The hospital employs 175
persons on a full-time or part-time basis.  The hospital offers a
broad range of surgical services.

Forest Park Medical Center at Fort Worth filed a Chapter 11
bankruptcy petition (Bankr. N.D. Tex. Case No. 16-40198) in Ft.
Worth, Texas, on Jan. 10, 2016.  Judge Russell F. Nelms presides
over the case.

The Debtor estimated assets of $10 million to $50 million and debt
of $50 million to $100 million.

J. Robert Forshey, Esq., and Jeff P. Prostok, Esq., at Forshey &
Prostok, LLP, serve as the Debtor's Chapter 11 counsel.  Ronald
Winters at Alvarez & Marsal Healthcare Industry Group, LLC serves
as the Debtor's CRO.  The Debtor tapped SSG Advisors, LLC and
Chiron Financial Group, Inc. as co-investment bankers.

Vibrant Healthcare Fort Worth, LLC, and FPMC Services, LLC run the
Debtor's hospital in Forth Worth.  Vibrant is the manager of the
hospital operations of Debtor, and FPMC Services employs the
employees at Debtor's hospital and those dedicated to servicing
the hospital's "back office" operations.  They are represented by
William A. Brewer III, Esq., Michael J. Collins, Esq., and Robert
M. Millimet, Esq., at Brewer, Attorneys & Counselors.

An Official Committee of Unsecured Creditors has been appointed in
this case by the United States Trustee, and is represented by Cole
Schotz PC and Arent Fox, LLP lawyers.


GARLOCK SEALING: Asbestos Panel Taps Charter Oak as Fin'l Advisor
-----------------------------------------------------------------
An asbestos claimant committee associated with Garlock Sealing
Technologies LLC's bankruptcy case seeks court approval to hire a
financial advisor.

In a filing with the U.S. Bankruptcy Court for the Western District
of North Carolina, the Official Committee of Asbestos Personal
Injury Claimants proposes to hire Charter Oak Financial
Consultants, LLC to provide services related to the bankruptcy case
of OldCo, LLC.

OldCo is the new indirect subsidiary of EnPro Industries, Inc. that
merged with Garlock parent Coltec Industries Inc.  It filed a
Chapter 11 petition on Jan. 30, 2017.

As financial advisor, Charter Oak will provide these services to
the committee:

     (a) advising the committee regarding financial issues
         involved with the proposed confirmation of the joint plan

         and approval of the accompanying disclosure statement in
         OldCo's bankruptcy case;

     (b) oversight to enable the committee to fulfill its
         responsibilities to monitor OldCo's financial affairs and

         those of other entities;

     (c) interpretation and analysis of financial materials,
         including accounting, tax, statistical, financial and
         economic data, regarding OldCo and other entities;

     (d) assisting the committee's legal counsel, as requested, in

         the evaluation and preparation of motions or other
         materials filed with the bankruptcy court;

     (e) analysis and advice regarding accounting, financial,
         valuation, and related issues that may arise in the
         course of the proceedings; and

     (f) providing expert testimony on financial matters, if
         requested.

The Charter Oak professionals who are expected to provide the
services and their hourly rates are:

     James Sinclair       $805
     Bradley Rapp         $805
     Alan Cohen           $600
     Gibbons Sinclair     $520
     Nancy Bloom          $370

James Sinclair, a member of Charter Oak, disclosed in a court
filing that his firm is a "disinterested person" as defined in
section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     James P. Sinclair
     Charter Oak Financial Consultants, LLC
     430 Center Ave., Mamaroneck  
     New York, NY 10543  
     Tel: (914) 372-1874  
     Fax: (914) 930-6867
     Email info@charteroakfc.com  

                     About Garlock Sealing

Headquartered in Palmyra, New York, Garlock Sealing Technologies
LLC is a unit of EnPro Industries, Inc. (NYSE: NPO).  For more than
a century, Garlock has been helping customers efficiently seal the
toughest process fluids in the most demanding applications.

On June 5, 2010, Garlock filed a voluntary Chapter 11 petition
(Bankr. W.D.N.C. Case No. 10-31607) in Charlotte, North Carolina,
to establish a trust to resolve all current and future asbestos
claims against Garlock under Section 524(g) of the U.S. Bankruptcy
Code.  The Debtor estimated $500 million to $1 billion in assets
and up to $500 million in debts as of the Petition Date.

Affiliates The Anchor Packing Company and Garrison Litigation
Management Group, Ltd., also filed for bankruptcy.

Albert F. Durham, Esq., at Rayburn Cooper & Durham, P.A.,
represents the Debtor in their Chapter 11 effort.  Garland S.
Cassada, Esq., at Robinson Bradshaw & Hinson, serves as counsel for
asbestos-related matters.

The Official Committee of Unsecured Creditors is represented by
FisherBroyles LLP.

The Official Committee of Asbestos Personal Injury Claimants in the
Chapter 11 cases is represented by Travis W. Moon, Esq., at
Hamilton Moon Stephens Steele & Martin, PLLC, in Charlotte, NC,
Elihu Inselbuch, Esq., at Caplin & Drysdale, Chartered, in New
York, and Trevor W. Swett III, Esq., Leslie M. Kelleher, Esq., and
Jeanna Rickards Koski, Esq., in Washington, D.C. 20005.

Joseph W. Grier, III, the Court-appointed legal representative for
future asbestos claimants, has retained A. Cotten Wright, Esq., at
Grier Furr & Crisp, PA, and Richard H. Wyron, Esq., and Jonathan
P. Guy, Esq., at Orrick, Herrington & Sutcliffe LLP, as his
co-counsel.

Judge George Hodges of the U.S. Bankruptcy Court for the Western
District of North Carolina on Jan. 10, 2014, entered an order
estimating the liability for present and future mesothelioma claims
against Garlock Sealing at $125 million, consistent with the
positions GST put forth at trial.

In January 2015, the Debtors filed their Second Amended Plan of
Reorganization, which is backed by the Future Asbestos Claimants'
Representative (FCR).


GARLOCK SEALING: Asbestos Panel Taps Legal Analysis for Valuation
-----------------------------------------------------------------
An asbestos claimant committee associated with Garlock Sealing
Technologies LLC's bankruptcy case seeks court approval to hire a
consultant on the valuation of asbestos-related liabilities.

In a filing with the U.S. Bankruptcy Court for the Western District
of North Carolina, the Official Committee of Asbestos Personal
Injury Claimants proposes to hire Legal Analysis Systems, Inc. to
provide services related to the bankruptcy case of OldCo, LLC.

OldCo is the new indirect subsidiary of EnPro Industries, Inc. that
merged with Garlock parent Coltec Industries Inc.  It filed a
Chapter 11 petition on Jan. 30, 2017.

As consultant, Legal Analysis will provide these services to the
committee:

     (a) advising the committee regarding asbestos-related
         liability valuation issues involved with the proposed
         confirmation of the joint plan and approval of the
         accompanying disclosure statement in OldCo's bankruptcy
         case;

     (b) review and analysis of the asbestos claims database and
         resolution of various asbestos claims;

     (c) estimation of the liability for asbestos claims that are
         pending as well as those that will be filed in the
         future;

     (d) quantitative analyses of claims resolution procedures,
         including estimation of payments that would be made to
         various types of claims under those alternatives and
         development of cash flow analysis of an asbestos
         compensation trust under alternative procedures;

     (e) evaluation of reports and opinions of experts and
         consultants retained by other parties;

     (f) analyses of data from proofs of claim for asbestos
         claims;

     (g) quantitative analyses of other matters related to
         asbestos claims as may be requested by the committee;
         and

     (h) providing expert testimony on matters within Legal
         Analysis' expertise, if requested by the committee.

The professionals who are expected to provide the services and
their hourly rates are:

     Mark Peterson     $800
     Dan Relles        $540
     Pat Ebener        $335

Mark Peterson, principal of Legal Analysis, disclosed in a court
filing that his firm is a "disinterested person" as defined in
section 101(14) of the Bankruptcy Code.

                     About Garlock Sealing

Headquartered in Palmyra, New York, Garlock Sealing Technologies
LLC is a unit of EnPro Industries, Inc. (NYSE: NPO).  For more than
a century, Garlock has been helping customers efficiently seal the
toughest process fluids in the most demanding applications.

On June 5, 2010, Garlock filed a voluntary Chapter 11 petition
(Bankr. W.D.N.C. Case No. 10-31607) in Charlotte, North Carolina,
to establish a trust to resolve all current and future asbestos
claims against Garlock under Section 524(g) of the U.S. Bankruptcy
Code.  The Debtor estimated $500 million to $1 billion in assets
and up to $500 million in debts as of the Petition Date.

Affiliates The Anchor Packing Company and Garrison Litigation
Management Group, Ltd., also filed for bankruptcy.

Albert F. Durham, Esq., at Rayburn Cooper & Durham, P.A.,
represents the Debtor in their Chapter 11 effort.  Garland S.
Cassada, Esq., at Robinson Bradshaw & Hinson, serves as counsel for
asbestos-related matters.

The Official Committee of Unsecured Creditors is represented by
FisherBroyles LLP.

The Official Committee of Asbestos Personal Injury Claimants in the
Chapter 11 cases is represented by Travis W. Moon, Esq., at
Hamilton Moon Stephens Steele & Martin, PLLC, in Charlotte, NC,
Elihu Inselbuch, Esq., at Caplin & Drysdale, Chartered, in New
York, and Trevor W. Swett III, Esq., Leslie M. Kelleher, Esq., and
Jeanna Rickards Koski, Esq., in Washington, D.C. 20005.

Joseph W. Grier, III, the Court-appointed legal representative for
future asbestos claimants, has retained A. Cotten Wright, Esq., at
Grier Furr & Crisp, PA, and Richard H. Wyron, Esq., and Jonathan P.
Guy, Esq., at Orrick, Herrington & Sutcliffe LLP, as his
co-counsel.

Judge George Hodges of the U.S. Bankruptcy Court for the Western
District of North Carolina on Jan. 10, 2014, entered an order
estimating the liability for present and future mesothelioma claims
against Garlock Sealing at $125 million, consistent with the
positions GST put forth at trial.

In January 2015, the Debtors filed their Second Amended Plan of
Reorganization, which is backed by the Future Asbestos Claimants'
Representative (FCR).


GAWKER MEDIA: Founder Wants Personal Bankruptcy Case Dismissed
--------------------------------------------------------------
Rick Archer, writing for Bankruptcy Law360, reports that Gawker
Media LLC founder Nicholas Denton asked the U.S. Bankruptcy Court
for the Southern District of New York on Feb. 24 to dismiss his
Chapter 11 case.

Mr. Denton, according to Law360, said that his debts either have
been resolved through settlements or can be covered with the cash
he received from his liquidated shares in the company.

Law360 recalls that Mr. Denton filed for personal bankruptcy
protection in 2016 to protect himself from a $140 million judgment
stemming from a 2012 Gawker.com post that included a snippet of a
sex tape featuring former pro wrestler Hulk Hogan.

                      About Gawker Media

Founded in 2002 by Nick Denton, Gawker Media is privately held
online media company operating seven distinct media brands with
corresponding websites under the names Gawker, Deadspin,
Lifehacker, Gizmodo, Kotaku, Jalopnik, and Jezebel.  The Company's
various Websites cover, among other things, news and commentary on
current events, politics, pop culture, sports, cars, fashion,
productivity, technology and video games.

Gawker sought bankruptcy protection after being ordered to pay
$140.1 million in connection with an invasion of privacy lawsuit
arising from publication of a report and commentary and
accompanying sex video involving Terry Gene Bollea.

New York-based Gawker Media, LLC -- fdba Gawker Sales, LLC, Gawker
Entertainment, LLC, Gawker Technology, LLC and Blogwire, Inc. --
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case No.
16-11700) on June 10, 2016.  The Hon. Stuart M. Bernstein presides
over the Debtors' cases.

Affiliates Gawker Media Group, Inc., and Budapest, Hungary-based
Kinja, Kft., filed separate Chapter 11 petitions (Bankr. S.D.N.Y.
Case Nos. 16-11719 and 16-11718) on June 12, 2016.  The cases are
jointly administered.

Gregg M. Galardi, Esq., David B. Hennes, Esq., and Michael S.
Winograd, Esq., at Ropes & Gray LLP serve as counsel to the
Debtors.  William Holden at Opportune LLP serves as Gawkers' chief
restructuring officer.  Houlihan Lokey Capital, Inc., serves as
the Debtors' investment banker.  Prime Clerk LLC serves as claims,
balloting and administrative agent.

The Debtors estimated $50 million to $100 million in assets and
$100 million to $500 million in liabilities.

Mr. Denton filed for personal bankruptcy on Aug. 1, 2016, to
protect himself from the legal judgment awarded to Hulk Hogan in
an invasion-of-privacy lawsuit.

The U.S. Trustee for Region 2 on June 24, 2016, appointed three
creditors of Gawker Media LLC and its affiliates to serve on the
official committee of unsecured creditors.  The committee members
are Terry Gene Bollea, popularly known as Hulk Hogan, Shiva
Ayyadurai, and Ashley A. Terrill.  The Committee retained Simpson
Thacher & Bartlett LLP, in New York, as counsel.

Counsel to US VC Partners LP, as Prepetition Second Lien Lender,
are David Heller, Esq., and Keith A. Simon, Esq., at Latham &
Watkins LLP.

Counsel to Cerberus Business Finance, LLC, as DIP Lender, are Adam
C. Harris, Esq., at Schulte Roth & Zabel LLP.


GCP APPLIED: S&P Affirms 'BB-' CCR on Planned Sale of Darex
-----------------------------------------------------------
S&P Global Ratings affirmed its 'BB-' corporate credit rating on
specialty chemical company GCP Applied Technologies Inc.  The
outlook remains stable.  GCP Applied has received a binding offer
from Henkel AG to acquire its Darex Packaging Technologies business
for approximately $1.05 billion.

S&P's 'BB+' issue–level and '1' recovery ratings on the company's
secured debt are unchanged.  The '1' recovery rating indicates
S&P's expectation of very high (90%-100%; rounded estimate: 95%)
recovery in the event of payment default.  Additionally, the 'B+'
issue-level rating and '5' recovery rating on the company's
unsecured debt are unchanged.  The '5' recovery rating indicates
S&P's expectation of modest (10%-30%; rounded estimate: 15%)
recovery in the event of payment default.

"We affirmed the ratings based on the company's announcement that
it received a binding offer from Henkel to acquire its Darex
Packaging Technologies business," said S&P Global Ratings credit
analyst Allison Schroeder.

The stable rating outlook reflects that S&P has not changed its
assessment of GCP at this time despite the announcement of a
binding proposal from a potential buyer for the proposed purchase
of the Darex business.  S&P's base case continues to include Darex,
but S&P could reassess that decision if GCP signs a definitive
agreement for its sale.  S&P could also reassess the company's
business and financial risk profiles once S&P has more certainty
and clarity regarding the transaction, including more information
about how the company would deploy funds.

"At this time, we do not expect any immediate changes to the
capital structure as a result of this binding but non-definitive
agreement; however, we will reassess the company's structure when
it provides definitive information on the utilization of
transaction proceeds.  Our base case, which includes the company's
Darex business, continues to assume that the company will maintain
a ratio of FFO to debt of greater than 12% over the next 12 months
and that it will retain EBITDA margins in the high teens over the
same period," S&P said.

S&P could lower the ratings if the company's ratio of FFO to debt
falls to levels below 12% over the next 12 months and on what S&P
would consider to be a sustained basis.  This could occur if the
company experiences any material downturn in its construction
chemicals or specialty building materials end markets, which could
be triggered by a decrease in construction starts or by a general
macroeconomic downturn, which affected key end markets.  Although
unlikely given the proposed Darex transaction, S&P could also lower
the ratings if the company pursues large debt-funded acquisitions
or shareholder rewards or if it is not able to maintain EBITDA
margins in the high-teens range over the next year.

S&P could raise the ratings if the company successfully closes the
transaction and announces concrete plans that S&P expects would
improve leverage metrics on a sustained basis.  For an upgrade, S&P
would expect that capital would be deployed in a way that would
result in FFO to debt of greater than 20% over the next year, on a
combination of historical and projected figures.  S&P would expect
that the company would maintain a business risk profile that is at
least comparable with its current state for any positive action to
occur.


GELTECH SOLUTIONS: Issues $100,000 Convertible Note to President
----------------------------------------------------------------
GelTech Solutions, Inc., issued Mr. Michael Reger, the Company's
president, director and principal shareholder, a $100,000 7.5%
secured convertible note in consideration for a loan of $100,000 on
Feb. 22, 2017.  The note is convertible at $0.2785 per share and
matures on Dec. 31, 2020.  Repayment of the note is secured by all
of the Company's assets including its intellectual property and
inventory in accordance with a secured line of credit agreement
between the Company and Mr. Reger.  Additionally, the Company
issued Mr. Reger 179,534 two-year warrants exercisable at $2.00 per
share, according to a Form 8-K report filed with the Securities and
Exchange Commission.

All of the securities were issued without registration under the
Securities Act of 1933 in reliance upon the exemption provided in
Section 4(a)(2) and Rule 506(b) thereunder.

                         About GelTech

Jupiter, Fla.-based GelTech Solutions. Inc., is a Delaware
corporation organized in 2006.  The Company markets four products:
(1) FireIce(R), a water soluble fire retardant used to protect
firefighters, structures and wildlands; (2) Soil2O(R) 'Dust
Control', its new application which is used for dust mitigation in
the aggregate, road construction, mining, as well as, other
industries that deal with daily dust control issues; (3)
Soil2O(R), a product which reduces the use of water and is
primarily marketed to golf courses, commercial landscapers and the
agriculture market; and (4) FireIce(R) Home Defense Unit, a system
for applying FireIce(R) to structures to protect them from
wildfires.

For the year ended June 30, 2015, the Company reported a net loss
of $5.51 million on $800,365 of sales compared to a net loss of
$7.11 million on $814,587 of sales for the year ended June 30,
2014.

As of Sept. 30, 2016, Geltech Solutions had $2.15 million in total
assets, $7.96 million in total liabilities and a total
stockholders' deficit of $5.80 million.

The Company's auditors Salberg & Company, P.A., in Boca Raton,
Florida, issued a "going concern" qualification on the consolidated
financial statements for the year ended Dec. 31, 2015, citing that
the Company has a net loss and net cash used in operating
activities in of $2,638,580 and $2,146,501, respectively, for the
six months ended Dec. 31, 2015, and has an accumulated deficit and
stockholders' deficit of $43,285,883 and $4,482,416, respectively,
at Dec. 31, 2015.  These matters raise substantial doubt about the
Company's ability to continue as a going concern.


GEORGE BAVELIS: Ted Doukas Ordered to Pay $1.1-Mil. in Damages
--------------------------------------------------------------
In the adversary proceeding captioned George A. Bavelis, et al.,
Plaintiffs, v. Ted Doukas, et al., Defendants, Adv. Pro. No.
10-2508 (Bankr. S.D. Ohio), Judge John E. Hoffman, Jr. of the
United States Bankruptcy Court for the Southern District of Ohio,
Eastern Division of Columbus, recommended that the district court
enter a final judgment in favor of the plaintiffs:

     (a) declaring that the assignments of George A. Bavelis'  
         membership interests in three limited liability
         companies that Bavelis had formed with his business
         partner, Mahammad Qureshi ("Bavelis-Qureshi LLCs"), were
         fraudulently induced by Ted Doukas;

     (b) rescinding the assignments and the subsequent transfers;

     (c) awarding George A. Bavelis compensatory damages in the
         amount of $116,600 and punitive damages in the amount of
         $1 million; and

     (d) dismissing Count Five, Count Eight, Count Fourteen and
         the moot claims.

George Bavelis, whose confirmed Chapter 11 plan provides for a 100%
repayment of his legitimate creditors' claims, objected to the $14
million secured proof of claim filed by Quick Capital of Long
Island Corp., a company wholly owned by Doukas, his former
"friend."  In Bavelis v. Doukas (In re Bavelis), 490 B.R. 258
(Bankr. S.D. Ohio 2013) ("Bavelis I"), the Court disallowed Quick
Capital's claim and held that neither Doukas nor any of his other
companies had any claim against Bavelis's bankruptcy estate.

The Court found that Quick Capital lent Bavelis no funds.  Instead,
Doukas fraudulently induced Bavelis to execute the note on which
the Quick Capital claim was based as part of a larger scheme
designed to fleece Bavelis out of substantially all of his assets.
As also explained in Bavelis I, Doukas succeeded not only in
fraudulently inducing Bavelis to execute the note, but also in
taking from Bavelis his direct and indirect membership interests in
the Bavelis-Qureshi LLCs.  In short, the Court found that, having
promised Bavelis that he would negotiate with Qureshi to resolve
disputes regarding the management of the Bavelis-Qureshi LLCs,
Doukas instead defrauded Bavelis into assigning his interests in
the Bavelis-Qureshi LLCs to three of Doukas' wholly owned companies
-- defendants Blair International, Inc.; R.P.M. Recoveries, Inc.;
and the aptly named Nemesis of LI Corp.

The Court's findings, which have been upheld through two layers of
appeal, distilled down to a central conclusion: Doukas is an
unrepentant fraudster who made false promises to Bavelis in an
attempt to misappropriate as many of Bavelis's assets as he could.

Judge Hoffman thus determined that the assignments were
fraudulently induced and that as a result of his fraudulent conduct
Doukas should pay both compensatory damages and substantial
punitive damages to Bavelis.

The bankrupty case is In re: GEORGE A. BAVELIS, Debtor, Case No.
10-58583 (Bankr. S.D. Ohio).

A full-text copy of Judge Hoffman's February 22, 2017 memorandum is
available at:

           http://bankrupt.com/misc/ohsb10-bk-58583-888.pdf


GOLF SUPPLY: EDC to Auction Equipment on March 7
------------------------------------------------
Secured party Export Development Canada will appear at the offices
of Duane Morris LLP, 865 South Figueroa Street, 3100, Los Angeles,
California, on March 7, 2017, at 10:00 a.m. (Pacific Time), and
will offer for sale at public auction, pursuant to the Uniform
Commercial Code, the collateral of Golf Supply House USA Inc., on
account of the indebtedness owed from the Debtor to SCM Specialty.

If you wish to attend the sale, please contact counsel to the
Secured Party:

         Alan M. Mirman, Esq.
         Mirman, Bubman & Nahmias, LLP
         21860 Burbank Boulevard, Suite 360
         Woodland Hills, CA 91367-7406
         Tel: (818) 451-4600
         Fax: (818) 451-4620
         E-mail: amirman@mbnlawyers.com

The collateral for sale consists of:

   (a) all of the Debtor's furniture, fixtures and equipment, and
includes, without limitations, all of the Debtor's right, title and
interest in and to all of their equipment, which includes all of
their other machinery, machine tools, motors, equipment, furniture,
furnishings, fixtures, motor vehicles, tools, parts, dies, jigs and
any and all attachments, accessories, accessions, replacements,
substitutions, additions and improvements thereto, wherever
located, including but not limited to any operating software or
programming necessary to make equipment functional; except for one
2006 Biess Model Rover B4-40 FT-K CNC Machine SN 62931 CW RA 3005
D09 222 Vacuum Pump.

   (b) all of the Debtor's books and records relating to any of the
foregoing; and

   (c) any and all claims, rights and interests in any of the above
and all substitutions for, additions, attachments, accessories,
accessions and improvements to and replacements, products, proceeds
and insurance proceeds of any or all of the foregoing.

The sale will be held pursuant to the UCC and will be subject to,
without limitation, these terms and conditions, among other
things:

    1) any prospective purchase who is the highest and best bidder,
other than the secured party, will be required to pay 20% of the
amount of the winning bid to the secured party at the conclusion of
the sale in the form of a cashier's check, with the balance of the
winning bid payable to the secured party within 48 hours of the
conclusion of the sale in the form of a wire transfer of
immediately available funds;

    2) The purchase price will not include any applicable foreign,
federal, state or local taxes.  The amount of any applicable
foreign, federal, state or local taxes payable or paid by or
assessed against the highest bidder at public sale contemplated
herein will be paid by the highest bidder;

    3) The highest and best bidder will be determined by the
secured party in its sole and absolute discretion;

    4) The collateral will be sold subject to all existing liens
senior to that of the lender, outstanding taxes and special
assessments, if any;

    5) The collateral will be sold on "as is, where is" basis, with
all faults, without recourse, and without any express or implied
representations or warranties whatsoever, including without
limitation, condition of the tile, possession, quite enjoyment,
value or quality of the collateral.

Golf Supply House -- http://www.golfsupplyhouse.com-- provides
golf products and equipment for driving ranges and golf courses.


GOODYEAR TIRE: Fitch Rates Proposed $700MM Unsec. Notes 'BB'
------------------------------------------------------------
Fitch Ratings has assigned a rating of 'BB/RR4' to The Goodyear
Tire & Rubber Company's (GT) proposed issuance of $700 million in
senior unsecured notes due 2027. GT's Issuer Default Rating (IDR)
is 'BB' and the Rating Outlook is Stable.

The proposed notes will be guaranteed on a senior unsecured basis
by GT's U.S. and Canadian subsidiaries that also guarantee GT's
secured credit facilities and its other senior unsecured notes.
Proceeds from the proposed notes will be used to redeem GT's
existing $700 million of 7% senior unsecured notes due 2022. By
refinancing the 7% notes, GT will likely be able to take advantage
of favorable credit market conditions to lower its cost of debt,
while shifting maturities further into the future.

The Recovery Rating of 'RR4' on the proposed notes reflects Fitch's
expectation of average recovery prospects, in the 30% to 50% range,
in a distressed scenario.

KEY RATING DRIVERS

GT's ratings reflect the tire manufacturer's strengthened credit
profile, which has been driven by significantly improved
profitability and free cash flow (FCF) that the company has used to
reduce debt. GT's focus on high value added (HVA) tires and its
global cost reduction initiatives have resulted in substantial
margin growth and higher operating income over the past couple of
years, even as global tire volume growth has been sluggish. GT's
market position remains strong as the third-largest global tire
manufacturer overall and the top manufacturer of consumer
replacement tires in the U.S. Fitch expects credit metrics could
strengthen over the intermediate term as the company continues to
look for further opportunities to use FCF to strengthen its balance
sheet.

Fitch's primary rating concerns for GT remain the heavy competition
in the global tire industry, rising industry capacity and the
industry's sensitivity to commodity prices, particularly to
petroleum products and natural rubber. Fitch expects global
industry capacity will continue to grow, including when GT's new
Americas plant begins production in 2017. Several competitors have
opened plants in North America over the past six years and more
capacity has been added in emerging markets. Mitigating this
concern is the capacity-intensive nature of HVA tire manufacturing,
especially for light truck and SUV HVA tires, which limits the
number of HVA tires that can be manufactured with a given amount of
capacity. GT has also noted that it is capacity constrained on some
of its popular tires, and it needs the new Americas plant to meet
demand.

Low commodity prices have contributed to GT's strong profit growth
over the two years, as substantially lower raw material costs have
more than offset the effect of reduced commodity pass-through
charges on the company's revenue. Commodity prices are expected to
rise over the near term, which will create some margin headwinds.
The company has historically been successful in offsetting higher
commodity prices with increased tire pricing, but heightened
industry competition could limit GT's future pricing flexibility.

Fitch generally expects GT's credit protection metrics to
strengthen over the intermediate term as global tire demand grows
along with the number of vehicles on global roads, especially in
emerging markets, and as the company continues to work on improving
its cost structure. Fitch expects leverage to decline over the
intermediate term as GT's earnings rise and as it continues to
reduce debt. Fitch also expects reduced variability in the
company's quarterly cash flows over time as it focuses on working
capital management.

As of Dec. 31, 2016, GT's debt totalled $5.8 billion, including
$502 million in off-balance-sheet securitized receivables, and last
12 months (LTM) Fitch-calculated EBITDA was $2.5 billion, leading
to Fitch-calculated EBITDA leverage of 2.3x. FFO adjusted leverage
was 3.7x, and GT's EBITDA margin was 16.5%. Fitch-calculated free
cash flow (FCF) in the year ended Dec. 31, 2016 was $212 million,
leading to a FCF margin of 1.4%. Liquidity totalled $4.1 billion,
including $1.1 billion in cash and $3 billion in combined
availability on the company's U.S. and European revolvers, as well
as various foreign and domestic facilities.

Consistent with many U.S. industrials with global operations, the
majority of GT's debt has been issued in the U.S., but 56% of the
company's 2016 revenue was generated in other countries. Also, 79%
of the company's consolidated cash, or $889 million, was located at
non-guarantor subsidiaries outside the U.S. at Dec. 31, 2016. Fitch
views the mismatch between cash and debt as a risk that could lead
to higher leverage if the company has difficulty repatriating its
foreign cash.

KEY ASSUMPTIONS

-- Global tire industry demand grows modestly over the
    intermediate term, but it remains weak in Latin America.

-- Near-term revenue is negatively affected by a strong U.S.
    dollar.

-- Capital spending runs at about $1 billion annually over the
    intermediate term as the company invests in growth
    initiatives, including its new Americas plant.

-- Dividends remain relatively modest, but they rise over the
    intermediate term.

-- Cash pension contributions run in the $50 million to $75
    million range over the intermediate term.

-- The company continues to look for opportunities to reduce
    debt.

RATING SENSITIVITIES

Positive: Future developments that may, individually or
collectively, lead to a positive rating action include:

-- Demonstrating continued growth in tire unit volumes, market
    share and pricing;

-- Maintaining 12-month FCF margins of 4% or better for an
    extended period;

-- Generating sustained gross EBITDA margins of 12% or higher;

-- Maintaining leverage near 2.0x for an extended period;

-- Maintaining FFO adjusted leverage near 3.0x for an extended
    period.

Negative: Future developments that may, individually or
collectively, lead to a negative rating action include:

-- A significant step-down in demand for the company's tires
    without a commensurate decrease in costs;

-- An unexpected increase in costs, particularly related to raw
    materials, that cannot be offset with higher pricing;

-- A decline in the company's cash below $1.3 billion for several

    quarters;

-- A decline in 12-month FCF margins to below 2% for a prolonged
    period;

-- An increase in gross EBITDA leverage to above 3.0x for a
    sustained period;
-- An increase in FFO adjusted leverage to above 4.0x for a
    sustained period.

Fitch rates GT and its Goodyear Dunlop Tires Europe B.V. (GDTE)
subsidiary as follows:

GT
-- IDR 'BB';
-- Secured bank credit facility 'BB+/RR1';
-- Secured second-lien term loan 'BB+/RR1';
-- Senior unsecured notes 'BB/RR4'.

GDTE
-- IDR 'BB';
-- Secured bank credit facility 'BB+/RR1';
-- Senior unsecured notes 'BB/RR2'.

The Rating Outlook for GT and GDTE is Stable.



GOODYEAR TIRE: Moody's Assigns Ba3 Rating to $700MM Unsecured Notes
-------------------------------------------------------------------
Moody's Investors Service assigned a Ba3 rating to the proposed
$700 million issuance of senior unsecured notes by The Goodyear
Tire & Rubber Company. The net proceeds from the notes, together
with current cash and cash equivalents, are expected to be used to
redeem in full the 7.0% $700 million of senior unsecured notes due
2022 (the "2022 Notes") at a redemption price equal to 103.5% of
the principal amount thereof, plus accrued and unpaid interest to
the redemption date. The rating outlook is stable.

Rating Assigned:

The Goodyear Tire & Rubber Company

Ba3(LGD4) to the proposed $700 million senior unsecured guaranteed
notes due 2027,

Moody's maintains the following ratings for Goodyear and its
subsidiaries:

The Goodyear Tire & Rubber Company

Corporate Family Rating, at Ba2;

Probability of Default Rating, at Ba2-PD;

$400 million (remaining amount) senior secured second lien term
loan due 2019, at Baa3 (LGD2);

5.0% $900 million senior unsecured guaranteed notes due 2026, at
Ba3 (LGD4).

8.75% $283 million senior unsecured guaranteed notes due 2020, at
Ba3 (LGD4);

7.0% $700 million senior unsecured guaranteed notes due 2022, at
Ba3 (LGD4);

7.0% $150 million senior unsecured unguaranteed notes due 2028, at
B1 (LGD6);

5.125% $1 billion senior unsecured guaranteed notes due 2023, at
Ba3 (LGD4);

Speculative Grade Liquidity Rating, at SGL-1;

The rating outlook is Stable

Goodyear Dunlop Tires Europe B.V.

3.75% $250 million senior unsecured Euro notes due 2023, at Ba1
(LGD2).

RATINGS RATIONALE

Moody's expects the current transaction will generate interest
savings for Goodyear. This transaction follows debt refinancing,
repricing, and debt paydown actions achieved in 2016, generating
improved debt service costs. Pro forma for Goodyear's contractual
obligations and commitments for 2017, EBITA/interest is estimated
at 4.35x. (inclusive of Moody's standard adjustments) compared to
an actual level of 3.8x for 2016. The current transaction should
further improve EBITA/Interest on a pro forma basis. Debt/EBITDA at
year-end 2016 was approximately 2.6x. Goodyear's segment operating
income (SOI) improvement in 2016 over 2015 was about 4.4%. This
weak performance improvement, below Goodyear's target of 10-15%,
was driven by lower volumes in the Americas and higher unabsorbed
costs, and pricing reductions to Goodyear's distribution customers
that were not offset by lower raw material costs. Flattish profit
prospects are expected for 2017 compared to 2016 as the company's
impact from raw material/price mix remains flat, and flattish
overall volumes, including continued weak commercial vehicle
markets, constrain profit growth. Ongoing unabsorbed overhead cost,
are expected to be partially offset by cost savings. Yet, working
capital headwinds in the form of higher raw materials costs are
likely to increase seasonal borrowings and thus pressure
EBITA/interest levels. Further, Debt/EBITDA is unlikely to
significantly improve toward Moody's previously established
positive rating triggers in the near-term without significant
additional debt paydown.

Goodyear's very good liquidity profile, at a Speculative Grade
Liquidity Rating at SGL-1 will support financial flexibility over
the next 12-18 month with strong cash balances and revolving credit
availability. As of December 31, 2016, Goodyear's global cash on
hand approximated $1.1 billion. The $2.0 billion revolving credit
facility had $1.5 billion of borrowing base availability after $85
million of borrowings and $40 million of outstanding letters of
credit. The facility matures in 2021. Goodyear's Euro 550 million
revolving credit facility was unfunded as of December 31, 2016 and
the Pan European accounts receivable securitization facility had
availability of $198 million. Moody's expects Goodyear to generate
positive free cash flow positive in 2017 in the mid-single digit
range as a percentage of debt. There is a coverage ratio covenant
test under the $2.0 billion revolver which comes into effect only
when availability under the revolver, plus cash balances of the
parent and guarantor subsidiaries under the facility, goes below
$200 million, which is unlikely to be activated in the near-term.
Goodyear has the capacity under the indentures for its unsecured
obligations to pledge additional assets (subject to the terms,
limitations and exclusions provided in the respective indentures).
Should the permissible liens exceed the prescribed amount, Goodyear
would be required to ratably secure the unsecured notes issued
under the indentures.

Over the intermediate term, a higher rating or outlook could result
from sustained industry conditions which support improvement in
profit margins and debt reduction. A higher rating or outlook could
result from EBITA/interest at or above 4.0x, and debt/EBITDA at or
about 2.0x while maintaining at least a good liquidity profile.

A lower rating could result if industry conditions deteriorate
through weakening volume trends, competitive pressures, or
increasing raw material costs which are not offset by improved
product mix, pricing, or restructuring actions. Deteriorating EBITA
margins, the inability to generate positive free cash flow
sufficient to maintain debt/EBITDA below 3x, or EBITA/Interest at
3x could also result in a downgrade. Ratings pressure could arise
from a meaningful decline in the liquidity profile.

The principal methodology used in this rating was Global Automotive
Supplier Industry published in June 2016.

The Goodyear Tire & Rubber Company, based in Akron, OH, is one of
the world's largest tire companies with 48 manufacturing facilities
in 21 countries around the world. Revenues for the fiscal year 2016
were approximately $15.2 billion.


GOODYEAR TIRE: S&P Rates New $700MM Sr. Unsecured Notes 'BB'
------------------------------------------------------------
S&P Global Ratings assigned its 'BB' issue-level rating and '4'
recovery rating to Akron, Ohio-based The Goodyear Tire & Rubber
Co.'s proposed $700 million senior unsecured notes.  The '4'
recovery rating indicates S&P's expectation that lenders would
receive average recovery (30%-50%; rounded estimate: 35%) in the
event of a payment default.

Goodyear will use the net proceeds from this offering, which it
estimates will be about $690 million, to fully redeem its 7% senior
notes due 2022 at a redemption price equal to 103.5% of the
principal, plus accrued and unpaid interest up to the redemption
date.  Before the notes are redeemed, the company may temporarily
use all or some of the net proceeds to repay the borrowings under
its revolving credit facilities.

The proposed notes are senior unsecured obligations of Goodyear and
its guarantors, ranking equal in right of payment with the
company's existing and future unsubordinated debt.  The notes will
also be effectively subordinated to all of the company and its
subsidiary guarantors' existing and future secured debt to the
extent of the collateral securing the debt.

S&P's ratings on Goodyear reflect the company's level of debt
leverage and cash flow, as well as its competitive position in both
the replacement and original equipment tire markets.

RATINGS LIST

The Goodyear Tire & Rubber Co.
Corporate Credit Rating           BB/Stable/--

New Ratings

The Goodyear Tire & Rubber Co.
$700M Snr Unsecd Notes Due 2027   BB
  Recovery Rating                  4(35%)



GRAFTECH INTERNATIONAL: Incurs $236 Million Net Loss in 2016
------------------------------------------------------------
Graftech International Ltd. filed with the Securities and Exchange
Commission its annual report on Form 10-K declaring a net loss of
$235.8 million on $437.9 million of net sales for the year ended
Dec 31, 2016,

Graftech had a net loss of $33.5 million on $193.1 million of net
sales for the period Aug. 15, 2015 through Dec. 31, 2015 and its
predecessor had a net loss of $120.6 million on $339.9 million of
revenue for Jan. 1 to Aug. 14, 2015.

As of Dec. 31, 2016, Graftech International had $1.172 billion in
total assets, $594.9 million in total liabilities and $577.4
million in total stockholders' equity.

Net sales for their Industrial Materials segment decreased from
$339.9 million in the period Jan. 1 through Aug. 14, 2015, and
$193.1 million in the period Aug. 15 through Dec. 31, 2015, to
$438.0 million in 2016.  This decrease was driven by a 27% decrease
in prices for graphite electrodes.  The price decrease was driven
by overcapacity within the graphite electrode industry.

Throughout 2013, 2014 and 2015 the Company undertook
rationalization plans in order to streamline its organization and
lower its production costs.  On Oct. 31, 2013, the Company
announced a global initiative to reduce their Industrial Materials
segment's cost base and improve their competitive position.  As
part of this initiative, they ceased production at their two
highest cost graphite electrode plants, located in Brazil and South
Africa, as well as a machine shop in Russia.  On July 29, 2014, the
Company announced additional rationalization initiatives to
increase profitability, reduce cost and improve global
competitiveness in their former Engineered Solutions segment, which
impacted our Corporate, R&D and other.  During the third quarter of
2014, the Company announced the conclusion of another phase of
their on-going company-wide cost savings assessment. This resulted
in changes to the Company's operating and management structure in
order to streamline, simplify and decentralize the organization.

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

                      https://is.gd/AuTFCo

                  About Graftech International

Graftech International Ltd. is a manufacturer of a broad range of
high quality graphite electrodes, products essential to the
production of electric arc furnace steel and various other ferrous
and nonferrous metals.

As of Sept. 30, 2016, Graftech had $1.23 billion in total assets,
$601.70 million in total liabilities and $636.90 million in total
stockholders' equity.

                             *    *    *

As reported by the TCR on March 15, 2016, Standard & Poor's Ratings
Services said it lowered its corporate credit rating on
Independence, Ohio-based GrafTech International two notches to
'CCC+' from 'B'.

Draftech carries a 'Ba3' corporate family rating from Moody's
Investors Service.


GREAT LOCATIONS: Taps Berger Fischoff as Legal Counsel
------------------------------------------------------
Great Locations, Inc. seeks approval from the U.S. Bankruptcy Court
for the Eastern District of New York to hire legal counsel in
connection with its Chapter 11 case.

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

The hourly rates charged by the firm range from $425 to $525 for
partners, and $315 to $400 for associates.  Paralegals will charge
$185 per hour.

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

The firm can be reached through:

     Gary C. Fischoff, Esq.
     Berger, Fischoff & Shumer, LLP
     6901 Jericho Turnpike, Suite 230
     Syosset, NY 11791
     Phone: 516-747-1136
     Email: hberger@bfslawfirm.com
     Email: gfischoff@bfslawfirm.com

                   About Great Locations Inc.

Based in Freeport, New York, Great Locations, Inc. sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y.
Case No. 17-70531) on January 30, 2017.  The petition was signed by
Neil Curtis, president.  The case is assigned to Judge Alan S.
Trust.

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


GROUP MIDLAND: Seeks to Hire Orchid Global as Property Manager
--------------------------------------------------------------
Group Midland Hotels, LLC seeks approval from the U.S. Bankruptcy
Court for the Western District of Texas to hire a property
manager.

Group Midland proposes to hire Orchid Global Hotels LLC to manage
Super 7 Inn Midland, a hotel owned by the company located at 2500
Commerce Drive, Midland, Texas.

The company will pay Orchid Global a monthly management fee of
$2,500, and a monthly accounting fee of $500.  The firm will also
receive $750 per month as reimbursement for work-related expenses.


Larry Williams, vice-president of operations of Orchid Global,
disclosed in a court filing that the firm does not hold any
interest adverse to Group Midland or its bankruptcy estate.

The firm can be reached through:

     Larry Williams
     Orchid Global Hotels LLC
     8000 Warren Parkway, Suite 206
     Frisco, TX 75034

                   About Group Midland Hotels

Group Midland Hotels, LLC, operates a hotel formerly known as
Travelodge located in Midland, Texas.  

Group Midland Hotels filed a Chapter 11 petition (Bankr. W.D. Tex.
Case No. 17-70021), on Feb. 6, 2017.  The petition was signed by
Chetna Hira, managing member.  The case is assigned to Judge Tony
M. Davis.  At the time of filing, the Debtor had both assets and
liabilities estimated to be between $1 million to $10 million
each.

The Debtor is represented by Joyce W. Lindauer, Esq. at Joyce W.
Lindauer Attorney, PLLC.  

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


HARTLAND MMI: Taps David J. Winterton as Legal Counsel
------------------------------------------------------
Hartland MMI LLC seeks approval from the U.S. Bankruptcy Court for
the District of Nevada to hire legal counsel in connection with its
Chapter 11 case.

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

The hourly rates charged by the firm for the services of its
attorneys range from $250 to $400.  Paralegals will charge $150 per
hour.

Winterton does not represent any interest adverse to the Debtor or
its bankruptcy estate, and that the firm is a "disinterested
person" as defined in section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     David J. Winterton, Esq.
     David J. Winterton & Associates, Ltd.
     1140 N Town Center DR, Ste 120
     Las Vegas, NV 89144
     Tel: (702) 363-0317
     Fax: (702) 363-1630
     Email: david@davidwinterton.com
     Email: autumn@davidwinterton.com

                       About Hartland MMI

Hartland MMI LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Nev. Case No. 17-10549) on February 8,
2017.  The petition was signed by Garry Hart, manager.  The case is
assigned to Judge Mike K. Nakagawa.

At the time of the filing, the Debtor disclosed $3.65 million in
assets and $2.02 million in liabilities.


HARVEY GULF: Moody's Lowers Corporate Family Rating to Caa3
-----------------------------------------------------------
Moody's Investors Service downgraded Harvey Gulf International
Marine Corp.'s (HGIM Corp or Harvey Gulf) Corporate Family Rating
(CFR) to Caa3 from Caa2, Probability of Default Rating (PDR) to
Ca-PD from Caa3-PD, and senior secured term and revolving credit
facility rating to Caa3 from Caa2. The outlook remains negative.

Downgrades:

Issuer: Harvey Gulf International Marine Corp.

-- Corporate Family Rating, Downgraded to Caa3 from Caa2

-- Probability of Default Rating, Downgraded to Ca-PD from
    Caa3-PD

-- Senior secured Term and Revolving credit Facility, Downgraded
    to Caa3 (LGD3) from Caa2 (LGD3)

Outlook Actions:

Issuer: Harvey Gulf International Marine Corp.

-- Outlook, Negative

RATINGS RATIONALE

Harvey Gulf's downgrade to Caa3 reflects its escalating financial
leverage and weak liquidity. Although Harvey Gulf is relatively
better positioned in its peer group with a moderate portion of its
utilization coming from firm contracts through 2017 and beyond, its
debt to EBITDA ratio by year-end 2017 will be nearly 10x (per
Moody's calculations) and worsen through 2018. Given the anemic
offshore activity and oversupply of the OSVs, Harvey Gulf's current
utilization and day rates for the non-contracted vessels operating
in the spot market are not expected to improve through 2017. Harvey
Gulf is expected to have generated approximately $160 million of
EBITDA in 2016, but Moody's outlook for Harvey Gulf's 2017 EBITDA
will result in heightened liquidity stress, with increased risk of
breaching minimum adjusted EBITDA covenant towards the end of 2017.
The company's ability to access the revolver will be severely
constrained due to the risk of covenant breach and the likelihood
of balance sheet restructuring is high. Harvey Gulf's ratings are
also affected by its concentration in the Gulf of Mexico. Harvey
Gulf could also execute open market debt purchases at steep
discount to the par value, resulting in a distressed exchange (an
event of default per Moody's definition of default).

Harvey Gulf's term loan A, term loan B, and revolving credit
facility are all rated Caa3. The credit facilities benefit from a
first lien on substantially all of the company's assets and
comprise the vast majority of the debt in the company's capital
structure, and are thus rated in line with the company's CFR. A
higher than normal family recovery rate of 65% has been utilized to
recognize the single class of debt in the company's capital
structure and an appraised value for the mortgaged vessels that
exceeds the total amount of debt.

Harvey Gulf has weak liquidity through 2017. Moody's projects a
cash need of approximately $35 million above the company's
operating cash flow through 2017, in order to service the debt and
fund capital expenditure commitments related to its new build
program. A portion of this cash need would have to be funded
through draws on the revolver. The senior secured credit facility
requires Harvey Gulf to comply with four covenants -- a minimum
fixed charge coverage ratio of 1.10x, a minimum asset coverage
ratio of 1.15x through 09/30/2017 and 1.20x thereafter, a total
leverage ratio which is suspended through 12/31/2017 and 6.0x
thereafter, and a minimum adjusted EBITDA covenant requiring Harvey
Gulf to generate a minimum adjusted last twelve months EBITDA of
$123 million at the end of first quarter 2017, growing
incrementally to last twelve months EBITDA of $132 million by the
end of 2017. Moody's projects that Harvey Gulf will breach the
minimum EBITDA covenant by the end of 2017 thereby restricting the
company's access to revolver. Additionally, Harvey Gulf is unlikely
to be in compliance with its leverage ratio covenant of 6.0x in
2018. Secondary sources of liquidity are limited as all of the
company's assets are pledged to the lenders and any asset sale
would likely be required to reduce debt.

The negative outlook reflects the liquidity stress and the
potential breach in the minimum required EBITDA covenant in late
2017.

A downgrade could occur if the company does not maintain compliance
with the loan documents or performs balance sheet restructuring.

The ratings are not likely to be upgraded at least through 2017
given the protracted weakness in the offshore services activity.
Should a rise in utilization rates and dayrates contribute to a
debt to EBITDA ratio sustaining below 7.0x, combined with at least
adequate liquidity, Harvey Gulf's ratings could be upgraded.

HGIM Corp. (Harvey Gulf International Marine, or Harvey Gulf)
provides service vessels to support offshore drilling and
production operations predominantly in the US Gulf of Mexico.

The principal methodology used in these ratings was Global Oilfield
Services Industry Rating Methodology published in December 2014.


HAWAIIAN TELCOM: S&P Rates $320MM Delayed Draw Term Loan 'B'
------------------------------------------------------------
S&P Global Ratings assigned its 'B' issue-level rating to Honolulu,
Hawaii-based telecommunications services provider Hawaiian Telcom
Communication Inc.'s $320 million delayed draw term loan, which
consists of a $90 million five-year tranche and $230 million
six-year tranche.  The senior secured term loan is part of a $350
million credit facility that includes an unrated $30 million
revolver.  The recovery rating on the new term loan is '3',
indicating S&P's expectation of meaningful (50%-70%; rounded
estimate: 65%) recovery of principal and interest for secured
lenders in the event of payment default.  The company will use the
proceeds from the term loan to repay the $291 million outstanding
on its existing term loan B due June 2019, fund capital
expenditures, and for general corporate purposes.

S&P's 'B' corporate credit rating and stable outlook on parent
company Hawaiian Telcom Holdco Inc. is unchanged.  Pro forma for
the transaction, S&P expects leverage to increase modestly to the
mid-3x area from its previous forecast of 3.2x for year-end 2017.
S&P also expects free operating cash flow to debt to be less than
5% over the next couple years.  Upon completion of the debt
repayment, S&P will withdraw its ratings on the company's existing
term loan B.

RATINGS LIST

Hawaiian Telcom Holdco Inc.
Corporate Credit Rating                 B/Stable/--

New Rating
Hawaiian Telcom Communication Inc.
Senior Secured
  $90 mil term A-1 bank loan due 2022   B
   Recovery rating                      3 (65%)
  $230 mil term A-2 bank ln due 2023    B
   Recovery rating                      3 (65%)


HCA INC: S&P Affirms 'BB' Corporate Credit Rating
-------------------------------------------------
S&P Global Ratings assigned its 'BBB-' issue-level rating (two
notches above the corporate credit rating) to Nashville-based HCA
Inc.'s proposed $1,489 million senior secured term loan B-9.  HCA
is issuing the term loan to refinance its term loan B-6.  The new
term loan matures in 2023 (the same as the debt it refinances), but
carries a lower interest rate.  S&P assigned a '1' recovery rating
to this debt, indicating its expectation of very high (90%-100%;
rounded estimate: 95%) recovery for lenders in the event of a
payment default.  The issue-level ratings are the same as S&P's
ratings on the existing senior secured debt.

S&P's 'BB' corporate credit rating on HCA reflects S&P's view that
its scale relative to other health care services peers should allow
the company to better offset declining reimbursement rates with
cost reduction efforts, and that its scale and market presence
should aid in contract negotiations with commercial payors.  In
addition, HCA's business is diversified beyond inpatient hospital
services, with about 40% of revenues coming from outpatient
procedures.  These factors are only partially offset by S&P's view
that HCA is exposed to reimbursement pressure as government and
commercial payors seek to control costs.  In addition, its business
is geographically concentrated in two states, Texas and Florida,
which together represent about half of the company's revenues.

S&P's ratings on HCA also reflect S&P's view that the company will
maintain leverage around 4x and generate funds from operations
(FFO) to total debt in the mid- to high-teens area.  S&P's ratings
incorporate its expectation that HCA will continue to generate
significant operating cash flow, but S&P expects the company to
invest heavily in capital expenditures and to continue to
prioritize shareholder return over debt repayment.

RATINGS LIST

HCA Inc.
Corporate Credit Rating                    BB/Stable/--

New Rating

HCA Inc.
Senior Secured
  $1,489 Mil. Term Loan B-9 Due 2023        BBB-
   Recovery Rating                          1 (95%)


HELLO NEWMAN: Approval of A. Togut as Chapter 11 Trustee Sought
---------------------------------------------------------------
The United States Trustee asks the U.S. Bankruptcy Court for the
Southern District of New York to approve the appointment of Albert
Togut as the Chapter 11 Trustee for Hello Newman Inc.

Based on the Notice of Appointment of Chapter 11 Trustee, Albert
Togut is required to notify the U.S. Trustee of his acceptance in
writing and return the notice by first class mail within five
business days from the receipt of his appointment.

              About Hello Newman

Hello Newman Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 16-12910) on October 17,
2016. The petition was signed by Philip Hartman, secretary.  

The case is assigned to Judge Shelley C. Chapman.

At the time of the filing, the Debtor $14 million in assets and
$4.69 million in liabilities.


HONGLI CLEAN: Receives Nasdaq Delinquency Letter on Delayed 10-Q
----------------------------------------------------------------
Hongli Clean Energy Technologies Corp., a vertically integrated
producer of clean energy products located in Henan Province, China,
on Feb. 23, 2017, disclosed that it has received a letter from The
NASDAQ Stock Market ("NASDAQ") notifying the Company that it is not
in compliance with NASDAQ Listing Rule 5250(c)(1) because it has
not filed its Quarterly Report on Form 10-Q for the period ended
Dec. 31, 2016 in a timely manner with the Securities and Exchange
Commission (the "SEC").  NASDAQ Listing Rule 5250(c)(1) requires
listed companies to timely file all required periodic financial
reports with the SEC.  This delinquency serves as an additional
basis for delisting the Company's securities from the Nasdaq Stock
Market.

As previously reported, the Company informed the Nasdaq Listing
Qualification Panel (the "Panel") that its auditor had notified the
Company on Jan. 26, 2017 that it would need additional time to
complete the audit for the fiscal year ended June 30, 2016.  The
Panel has granted the Company's request for extension of the
exception period to complete its audit and filing of its delinquent
reports and any necessary restatements with the Securities and
Exchange Commission prior to March 31, 2017.

             About Hongli Clean Energy Technologies

Previously known as SinoCoking Coal and Coke Chemical Industries,
Inc., Hongli Clean Energy Technologies Corp. ("Hongli" or the
"Company") (NASDAQ: CETC) is a Florida corporation and an emerging
producer of clean energy products located in Pingdingshan City,
Henan Province, China.  The Company has historically been a
vertically-integrated coal and coke processor of basic and
value-added coal products for steel manufacturers, power
generators, and various industrial users.  The Company has been
producing metallurgical coke since 2002, and acts as a key supplier
to regional steel producers in central China.  The Company also
produces and supplies thermal coal to its customers in central
China.  The Company currently owns its assets and conducts its
operations through its subsidiaries, Top Favour Limited and
PingdingshanHongyuan Energy Science and Technology Development Co.,
Ltd., and its affiliated companies, Henan Province
PingdingshanHongli Coal & Coke Co., Ltd., Baofeng Coking Factory,
BaofengHongchang Coal Co., Ltd., BaofengHongguang Environment
Protection Electricity Generating Co., Ltd., Zhonghong Energy
Investment Company, Henan Hongyuan Coal Seam Gas Engineering
Technology Co., Ltd., BaofengShuangri Coal Mining Co., Ltd., and
BaofengXingsheng Coal Mining Co., Ltd.


HOOPER HOLMES: Bard Associates Has 6.6% Stake as of Dec. 31
-----------------------------------------------------------
Bard Associates, Inc. disclosed in a Schedule 13G filed with the
Securities and Exchange Commission that as of Dec. 31, 2016, it
beneficially owns 663,379 shares of common stock of Hooper Holmes,
Inc., representing 6.6 percent of the shares outstanding.  A
full-text copy of the regulatory filing is available at:

                     https://is.gd/GCNFDX

                     About Hooper Holmes

Hooper Holmes, Inc., provides health risk assessment services and
wellness as well as health improvement services with its
acquisition of Accountable Health Solutions, Inc. (AHS).  The
Olathe, Kansas-based Company provides these services to individuals
as part of health and wellness programs offered through corporate
and government employers, and to clinical research organizations.

The Company reported a net loss of $10.87 million in 2015, a net
loss of $8.47 million in 2014 and a net loss of $11.27 million in
2013.

As of Sept. 30, 2016, Hooper Holmes had $17.46 million in total
assets, $18.04 million in total liabilities and a total
stockholders' deficit of $578,000.

KPMG LLP, in Kansas City, Missouri, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has suffered recurring
losses from operations, negative cash flows from operations and
other related liquidity concerns, which raises substantial doubt
about the Company's ability to continue as a going concern.


HOOPER HOLMES: Perritt Capital Has 5.9% Equity Stake as of Dec. 31
------------------------------------------------------------------
Perritt Capital Management, Inc. disclosed in a Schedule 13G filed
with the Securities and Exchange Commission that as of Dec. 31,
2016, it beneficially owns 593,334 shares of common stock of Hooper
Holmes, Inc., representing 5.9 percent based upon an aggregate of
10,103,525 shares outstanding as of Oct. 31, 2016.  In addition,
Perritt Funds, Inc. also reported beneficial ownership of 498,001
common shares.  A full-text copy of the regulatory filing is
available for free at https://is.gd/YXCEmh

                      About Hooper Holmes

Hooper Holmes, Inc., provides health risk assessment services and
wellness as well as health improvement services with its
acquisition of Accountable Health Solutions, Inc. (AHS).  The
Olathe, Kansas-based Company provides these services to individuals
as part of health and wellness programs offered through corporate
and government employers, and to clinical research organizations.

The Company reported a net loss of $10.87 million in 2015, a net
loss of $8.47 million in 2014 and a net loss of $11.27 million in
2013.

As of Sept. 30, 2016, Hooper Holmes had $17.46 million in total
assets, $18.04 million in total liabilities and a total
stockholders' deficit of $578,000.

KPMG LLP, in Kansas City, Missouri, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has suffered recurring
losses from operations, negative cash flows from operations and
other related liquidity concerns, which raises substantial doubt
about the Company's ability to continue as a going concern.


HOSTESS BRANDS: Reich Brothers to Auction Remaining Assets
----------------------------------------------------------
Reich Brothers, in partnership with Rabin Worldwide, will conduct a
series of sales of the remaining assets and factories of Hostess
Brands throughout the month of March.  The large-scale auction will
feature more than 2,000 lots from 12 bakeries and storage
locations, as well as the sale of six real estate properties in
Peoria, Illinois; Dolton, Illinois; Tolleson, Arizona; Rocky Mount,
North Carolina; Morristown, Tennessee; and Bluefield, West
Virginia.

Online offerings open March 1, 2017, with auctions closing the week
of April 3, 2017; the two companies will conduct a coast-to-coast
equipment sale online, which can be found at
rabin.com/buy/Auctions-Liquidations.aspx and
reichbros.com/sale-event/flowers-bakeries/.  Two live auctions will
be hosted in Ogden, Utah, and Rocky Mount, North Carolina.

Reich Brothers, which acquires turnkey manufacturing plants and
provides for the bulk purchase of equipment packages and
monetization through the auction sale process, and Rabin Worldwide,
an international industrial auction and real estate company,
partnered to purchase the equipment and multiple Hostess plants
that remained intact, but idle, from a 2012 liquidation sale.

"The real estate properties available for purchase are in
established or burgeoning industrial markets, making them prime
locations for manufacturers," said Adam Reich, Co-CEO of Reich
Bros.  "We look forward to helping usher in new industrial tenants
that will create jobs and stimulate the economies of each of these
geographical areas."

Richard Reese, CEO of Rabin Worldwide, notes, "The legacy of the
Hostess Brands is positively affecting the sale of these goods.  We
have interest from buyers across the United States, and as far away
as Brazil.  We've included unique baking equipment, such as a
Twinkie packaging line. Our live auctions in Ogden and Rocky Mount
are a prime opportunity for bidders to see exclusive snack cake
lines."

Items featured include:

   -- Dough mixers, flour handling equipment
   -- Bread & bun make-up and packaging lines
   -- Snack cake, donut production machinery
   -- Ovens, proofers, coolers, panning systems
   -- Pan, lid, and product conveyor
   -- Stainless tanks, kettles, pumps, pipework
   -- Boilers, air compressors, chillers, ice makers

Hostess Brands ceased operations in 2012; the once-vast empire
employed 22,000 workers across more than 40 bakeries, under
numerous brand names including Twinkie, Wonder Bread, Nature's
Pride, Butternut Breads, Dolly Madison, and more.

                      About Hostess Brands

Founded in 1930, Irving, Texas-based Hostess Brands Inc., is known
for iconic brands such as Butternut, Ding Dongs, Dolly Madison,
Drake's, Home Pride, Ho Hos, Hostess, Merita, Nature's Pride,
Twinkies and Wonder.  Hostess has 36 bakeries, 565 distribution
centers and 570 outlets in 49 states.

Hostess filed for Chapter 11 bankruptcy protection early morning on
Jan. 11, 2011 (Bankr. S.D.N.Y. Case Nos. 12-22051 through 12-22056)
in White Plains, New York.  Hostess Brands disclosed assets of $982
million and liabilities of $1.43 billion as of the Chapter 11
filing.

The bankruptcy filing was made two years after predecessors
Interstate Bakeries Corp. and its affiliates emerged from
bankruptcy (Bankr. W.D. Mo. Case No. 04-45814).

In the new Chapter 11 case, Hostess has hired Jones Day as
bankruptcy counsel; Stinson Morrison Hecker LLP as general
corporate counsel and conflicts counsel; Perella Weinberg Partners
LP as investment bankers, FTI Consulting, Inc. to provide an
interim treasurer and additional personnel for the  Debtors, and
Kurtzman Carson Consultants LLC as administrative agent.

Matthew Feldman, Esq., at Willkie Farr & Gallagher, and Harry
Wilson, the head of turnaround and restructuring firm MAEVA
Advisors, are representing the Teamsters union.

Attorneys for The Bakery, Confectionery, Tobacco Workers and Grain
Millers International Union and Bakery & Confectionery Union &
Industry International Pension Fund are Jeffrey R. Freund, Esq., at
Bredhoff & Kaiser, P.L.L.C.; and Ancela R. Nastasi, Esq., David A.
Rosenzweig, Esq., and Camisha L. Simmons, Esq., at Fulbright &
Jaworski L.L.P.

The official committee of unsecured creditors selected New York law
firm Kramer Levin Naftalis & Frankel LLP as its counsel.  Tom Mayer
and Ken Eckstein head the legal team for the committee.

Hostess Brands in mid-November 2012 opted to pursue the orderly
wind down of its business and sale of its assets after the Bakery,
Confectionery, Tobacco and Grain Millers Union (BCTGM) commenced a
nationwide strike.  The Debtor failed to reach an agreement with
BCTGM on contract changes.

Hostess Brands sold its businesses and most of the plants to five
different buyers for an aggregate of $860 million.  Hostess still
has some plants, depots and other facilities the buyers didn't
acquire.

The bankruptcy estate has changed its name to Old HB Inc.


HOUSTON AMERICAN: Closes Permian Basin Assets Acquisition
---------------------------------------------------------
Houston American Energy Corp. announced that it has completed the
acquisition of a 25% working interest in two lease blocks covering
717.25 acres in Reeves County, Texas.

The interest was acquired from Founders Oil & Gas III, LLC, for a
purchase price of $5,500 per net mineral acre, or a total of
$986,000.  Additional adjacent acreage is expected to be acquired
in the coming weeks by Founders, with Houston American acquiring an
interest in the same, to bring the total acreage position to
approximately 800 gross acres.  Founders will serve as operator of
the acreage with drilling of an initial well expected to commence
by July 1, 2017, targeting potential resources in the Delaware
Basin (which is a sub-basin of the Permian Basin) located in west
Texas.

John P. Boylan, CEO and president of Houston American stated, "We
are very excited to have consummated this acquisition and look
forward to commencing drilling and to the prospect of developing a
long-term relationship with Founders.  Since our agreement to
acquire this position, our further evaluation of the acreage,
together with recent announcements of multi-billion dollar
acquisitions in, and entries into, the Permian Basin by a number of
world-class operators, has bolstered our belief in the potential of
these properties."

              About Houston American Energy Corp.

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

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

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

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


HOWARD HUGHES: Moody's Assigns Ba3 Rating to $800MM Unsec. Notes
----------------------------------------------------------------
Moody's Investors Service assigned a Ba3 rating to the proposed
$800 million of senior unsecured notes due 2025 of The Howard
Hughes Corporation, proceeds of which will be used to repay the
existing $750 million of 6.875% senior unsecured notes due 2021 and
to pay related fees and expenses. In the same rating action,
Moody's affirmed the company's Ba2 Corporate Family Rating ("CFR"),
Ba2-PD Probability of Default ("PD"), and speculative grade
liquidity rating of SGL-3. The rating outlook is stable.

The following rating actions were taken:

Corporate family rating, affirmed at Ba2;

Probability of default rating, affirmed at Ba2-PD;

$800 million of new senior unsecured notes
due 2025, assigned Ba3, LGD-5;

$750 million of existing 6.875% senior unsecured
notes due 2021, affirmed at Ba3, LGD-5, and will
be withdrawn upon their retirement

Speculative grade liquidity rating, affirmed
at SGL-3;

The rating outlook is stable.

RATINGS RATIONALE

The Ba2 Corporate Family rating acknowledges HHC's strong gross
margins, large tangible equity base, undervalued land portfolio,
well-recognized and promising development assets, diversified
portfolio of operating assets that are beginning to achieve scale,
and strong master-planned community assets that are generating
reliable and healthy cash flows used to help convert development
assets into operating assets.

At the same time, the Ba2 rating incorporates HHC's elevated debt
leverage and weak interest coverage; its relatively small revenue
run rate as compared to the homebuilding universe against which it
is being, in part, compared; its limited time as an independent,
stand-alone entity; and its remaining development risk,
particularly in the South Street Seaport. In addition, although the
company has assets spread across 18 states, the majority of its
cash flows currently come from three master planned communities in
Las Vegas (Summerlin) and Houston (Woodlands and Bridgeland), and
the bulk of its best assets are located in three states (NV, TX,
and HI). Overlaying all of this is the volatile, highly cyclical,
and very capital intensive nature of the land and mixed use
properties development businesses, which encompass HHC.

The SGL-3 rating indicates that Moody's regards HHC's liquidity as
adequate. Because of its heavy development expenses, free cash flow
is likely to be negative over the next 12 to 18 months. This will
cause HHC to to rely on additional project level debt to fund a
portion of these development costs. In addition, HHC's current
availability under its two revolvers is essentially zero as they
are fully drawn as of December 31, 2016. At the same time,
liquidity is enhanced by the company's strong performance under its
financial covenants and its sizable unencumbered asset base that
could be sold off to raise funds. It should be noted that more than
half of the company's existing debt is variable rate debt.

The stable rating outlook is based on Moody's expectation that HHC
will maintain debt leverage at or below the 50% level, continue to
be able to manage its large funding needs successfully, and show a
reasonably strong revenue and earnings performance over the next 18
to 24 months.

The rating and/or outlook could benefit if the company were able to
maintain adjusted debt leverage below 40%, achieve sustainable EBIT
interest coverage above six times, and become largely free cash
flow positive.

The rating and/or outlook could be lowered if adjusted debt
leverage were to increase and remain above 55%, EBIT interest
coverage were to fall below one time, or its large development
portfolio were to run into funding, construction, or operating
difficulties.

The rating on the senior unsecured notes is notched below the Ba2
Corporate Family Rating because of the presence of a large amount
of secured project financing in the company's capital structure.

The principal methodology used in these ratings was Homebuilding
And Property Development Industry published in April 2015.

Headquartered in Dallas, Texas, The Howard Hughes Corporation was
spun off from General Growth Properties in November 2010. The
company operates in three different segments: lot sales to
homebuilders from master planned communities; rental and other
income from developed mixed use properties (referred to as the
Operating Assets segment); and Strategic Developments, which
include mixed use properties held for future development and
redevelopment. Total revenues and operating income for year ending
December 31, 2016 were $1.035 billion and $202 million,
respectively.


HOWARD HUGHES: S&P Rates New $800MM 8-Yr. Unsecured Notes 'B+'
--------------------------------------------------------------
S&P Global Ratings assigned its 'B+' issue-level rating to real
estate developer The Howard Hughes Corp.'s (HHC) proposed $800
million eight-year senior unsecured notes.  S&P assigned a recovery
rating of '2' to the notes, reflecting S&P's expectation for
substantial (70%-90%; rounded estimate: 85%) recovery to
noteholders in the event of a default scenario.  The corporate
credit rating on the company is unchanged at 'B', and the outlook
is stable.

S&P anticipates HHC will use the proceeds, net of fees, to retire
its outstanding $750 million of 6.875% senior unsecured notes, due
2021.  The debt refinancing will not materially affect S&P's
forecast for the company, which indicates credit metrics will
remain highly leveraged.

                        RECOVERY ANALYSIS

Key Analytical Factors

Under a default situation, S&P estimates that the level of residual
value that is mostly from unencumbered assets will result in
substantial (70%-90%) recovery prospects for unsecured senior
noteholders in the event of a default, leading to S&P's assessment
of a '2' recovery rating.  A recovery rating of '2' results in the
issue-level rating of 'B+', one notch above the corporate credit
rating for HHC of 'B'.

S&P estimates $2.9 billion in gross recovery value at the time of
default under its projected scenario.  This is based on assumptions
of the realization rates for the company's land, development, and
real estate inventories at default under S&P's contemplated
scenario.  S&P's analysis considers a blended 54% realization rate
on these assets, and the individual asset class realization rates
are based on those outlined for developers and real estate
companies in S&P's corporate recovery criteria, resulting in a $2.5
billion book value of these assets at default.

Simulated Default Assumptions

S&P's simulated recovery scenario assumes a default in fiscal 2020,
contemplating another deep recession that negatively affects growth
in both the company's master planned community land sales and rent
revenues from operating asset properties.  S&P also assumes that
condominium sales slow more dramatically than anticipated and
leasing for new development and redevelopment projects is halted.
S&P believes that in a distressed situation, cash flows from the
company's operating assets and MPC land sales would not be adequate
to support the interest burden and cash needs for construction and
development.

Other recovery analysis assumptions:

   -- $1.8 billion in aggregate secured debt at default; and
   -- All debt includes six months of accrued and unpaid interest.

Simplified Waterfall

   -- Adjusted gross enterprise value: $2.9 billion
   -- Assumed 5% administrative costs, sales, and marketing:
      $144 million
   -- Net enterprise value: $2.7 billion
   -- Secured debt (mostly property level) at default:
      $1.8 billion
      -------------------------------------------------
   -- Collateral available to unsecured bond holders: $719 million
   -- Senior unsecured debt at default: $821 million
   -- Estimated recovery to unsecured debtholders: 70%-90%

RATINGS LIST

The Howard Hughes Corp. Corporate Credit Rating       B/Stable/--

New Rating

The Howard Hughes Corp.
Senior Unsecured
$800 mil senior notes due 2025        B+
  Recovery rating                      2(85%)


IMH FINANCIAL: Units Sell Interests in 2 Hotels for $97 Million
---------------------------------------------------------------
IMH Financial Corporation announced an agreement that encompasses
the sale of L'Auberge de Sedona, Orchards Inn Sedona and 89 Agave
Cantina to an affiliate of DiamondRock Hospitality Company.  IMH
Financial Corporation, through a subsidiary, will continue to
manage L'Auberge de Sedona, Orchards Inn and 89 Agave Cantina in
Sedona pursuant to a management agreement with an initial term of
five years, and has outlined plans to expand the luxury L'Auberge
brand into new markets and manage additional properties in the
future.

L'Auberge de Sedona, the luxury creekside retreat surrounded by
Sedona's enchanting red rocks, and its sister property, Orchards
Inn Sedona, were purchased by DiamondRock for $97 million.
Following the acquisition, DiamondRock plans to implement
well-proven asset management practices at both L'Auberge de Sedona
and Orchards Inn and invest in property enhancements to both
properties.

"I am confident that the strong relationship between our two
organizations will allow both properties to flourish under the
ownership of DiamondRock Hospitality Company and the continued
leadership and management of IMH Financial Corporation," said
Lawrence Bain, Chairman and CEO of IMH.  "Our commitment to luxury
boutique hospitality assets will allow for IMH to focus on
expanding the legacy of the L'Auberge brand as we look to acquire
and manage additional properties in new markets."

Under IMH's management, L'Auberge was ranked the number one hotel
in the Southwest by Conde Nast Traveler's Readers Choice Awards
2016.  The 88-room L'Auberge and the adjacent 70-room Orchards Inn
are situated within the heart of Uptown Sedona.  Sedona's proximity
to the Grand Canyon makes the hotels an ideal destination for
visitors looking to explore the Southwest region. Both properties
are located within two hours of the Coconino National Forest,
breathtaking Red Rocks, and cities such as Phoenix and Flagstaff.
Sedona benefits from a vibrant outdoor and artistic climate with
nearly 100 hiking trails for outdoor enthusiasts and nearly 100
eclectic art galleries lining the downtown streets.

With the goal of expanding the L'Auberge brand into a collection of
hotels, IMH plans to bring the resort's renowned level of luxury,
high-touch service and bespoke guest experiences into new markets.
Both companies will work closely together to ensure a smooth
ownership transition while IMH continues to manage both hotels and
the restaurants at each.

                     About IMH Financial

Scottsdale, Ariz.-based IMH Financial Corporation was formed from
the conversion of IMH Secured Loan Fund, LLC, or the Fund, a
Delaware limited liability company, on June 18, 2010.  The
conversion was effected following a consent solicitation process
pursuant to which approval was obtained from a majority of the
members of the Fund to effect the Conversion Transactions and
involved (i) the conversion of the Fund from a Delaware limited
liability company into a Delaware corporation named IMH Financial
Corporation, and (ii) the acquisition by the Company of all of the
outstanding shares of the manager of the Fund Investors Mortgage
Holdings Inc., or the Manager, as well as all of the outstanding
membership interests of a related entity, IMH Holdings LLC, or
Holdings on June 18, 2010.

IMH Financial reported a net loss attributable to common
shareholders of $18.90 million on $32.49 million of total revenue
for the year ended Dec. 31, 2015, compared to a net loss
attributable to common shareholders of $39.46 million on $31.4
million of total revenue for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, IMH Financial had $172.77 million in total
assets, $109.49 million in total liabilities, $31.49 million in
redeemable convertible preferred stock and $31.77 million in total
stockholders' equity.


INT'L AUTOMOTIVE: Moody's Revises Outlook to Neg. & Affirms B2 CFR
------------------------------------------------------------------
Moody's Investors Service changed International Automotive
Components Group's (IAC) rating outlook to negative from stable and
affirmed the company's existing ratings including its B2 Corporate
Family Rating (CFR).

The change to a negative rating outlook reflects the refinancing
risk related to upcoming maturity of substantially all of IAC's
debt as well as the revenue and cash flow headwinds facing the
company over the next 2-3 years. IAC's $300 million and EUR 175
million asset based revolving facilities expire on September 30th,
2020 and its $300 million senior secured bonds mature on June 1st,
2018. However, the revolving facilities have a provision whereupon
they become due 90 days prior to the maturity of the notes if the
notes are not refinanced by that date, which would push the
expiration of the revolvers to March 3rd, 2018. As of 10/01/2016,
IAC had $284 million of borrowings outstanding on its revolvers and
$112 million of cash and Moody's expects breakeven free cash flow
over the next 12 months. Because the company has insufficient
internal resources to fund repayment of the outstanding revolver
balance or the notes, it is dependent on access to new capital to
refinance the maturities.

IAC announced in December 2016 plans to sell 70% of its soft trim
and acoustic operations to Shanghai Shenda Co. Ltd. Upon the
transaction closing, IAC will receive estimated net proceeds of
approximately $300 million. The proceeds will primarily be used to
fund the company's long-term strategic plan but also could be used
to help address its upcoming maturities. Under its existing
indenture, IAC is required to use the proceeds to pay down debt if
it is unable to invest them in the current business or make capital
expenditures within 365 days after the receipt of the proceeds.

Moody's affirmed IAC's ratings because the company has resolved
most of the operational issues at the four plants that contributed
to an approximate 32% decline in EBITDA in 2015 and because Moody's
expects that current favorable debt capital markets will allow the
company to address its current maturities. IAC has also received
several new program awards in the last few months (typically it
takes two to three years before the start of the production). The
EBITDA margin improved to 5.9% (for the 12 months ended September
2016) from 4.7% in the fiscal year ended December 2015. Moody's
expects that IAC's sales will decline in the next two to three
years due to the industry headwinds and Fiat Chrysler Automobiles
N.V.'s ("Chrysler") decision to phase-out Chrysler 200 and Dodge
Dart models in North America, but that the EBITDA margin will
remain at levels similar to its 3-year average of 5.7% prior to
2015. Cost savings restructuring initiatives and efforts to improve
operational efficiencies should offset typical price reductions and
base increases in employee compensation.

Rating Actions:

Corporate Family Rating, Affirmed at B2

Probability of Default Rating, Affirmed at B2-PD

$300 Million Senior Secured Notes due 2018, Affirmed at Caa1
(LGD5)

Outlook, Changed to Negative from Stable

RATINGS RATIONALE

IAC's B2 CFR reflects high customer concentration, volatility in
performance, low margins and exposure to cyclical automotive
markets. The rating derives support from the company's global
presence (over 79 manufacturing facilities across the world), a
broad product portfolio and moderate financial leverage. IAC's
financial performance has recovered since 2015 when the company
experienced significant operational challenges at four of its major
facilities that resulted in a 32% decline in EBITDA at a time when
U.S. sales of new vehicles reached their peak and increased almost
6% from the prior year. IAC will likely experience a decline in
sales over the next two to three years based on Moody's
expectations for a slowdown in the auto sales and Chrysler's
decision to phase-out Chrysler 200 and Dodge Dart models in North
America. As such, debt-to-EBITDA leverage of 2.6 times (LTM
10/01/2016 incorporating Moody's standard adjustments) will edge to
a high 2x range over the next 12 to 18 months.

IAC's liquidity is currently weak as the company's current cash on
the balance sheet ($112 million as of 10/01/2016) and break even
projected free cash flow generation is not sufficient enough to pay
off the outstanding balance of its revolvers and senior secured
notes. Moody's expects IAC to generate breakeven free cash flow
over the next 12 months including discretionary capital
expenditures in connection with its long-term strategic plan to
upgrade its equipment, deemphasize its non-core customers,
rationalize its plants and realign its organizational structure.

Future events that have the potential to drive IAC's rating higher
include: FCF / Debt approaching 10%, improvement in operating
performance resulting in EBITA margins approaching 5%; and
EBITA/interest expense sustained above 2.0x.

Future events that have the potential to drive IAC's rating lower
include weak or negative free cash flow, higher than expected
deterioration in operating performance or further deterioration in
the company's liquidity position including inability to refinance
existing notes in a timely manner.

The principal methodology used in these ratings was Global
Automotive Supplier Industry published in June 2016.

International Automotive Components Group (IAC), a Luxembourg
entity, together with its subsidiaries, offers original equipment
manufacturers around the world a broad portfolio of interior
components and systems through core product categories, including
Instrument Panels, Consoles & Cockpits, Door & Trim Systems,
Flooring & Acoustic Systems and Headliner & Overhead Systems, as
well as Other Interior & Exterior Components. IAC is primarily
owned by affiliates of WL Ross & Co. LLC. IAC' sales for LTM
September 2016 were approximately $6.2 billion.



INTERNET BRANDS: $40MM Term Loan Add-On No Impact on Moody's B2 CFR
-------------------------------------------------------------------
Moody's Investors Service said Internet Brands, Inc.'s B2 Corporate
Family Rating (CFR) and existing debt instrument ratings are not
impacted by the announced increase to $340 million (in aggregate)
from $300 million for the proposed first-lien term loan add-ons.

Headquartered in Los Angeles, CA, Internet Brands, Inc. is a fully
integrated online media and software services organization that
owns more than 250 branded websites across four verticals
(Automotive; Legal; Health; and Home, Travel and Other)
characterized by high consumer activity and good advertising spend.
The company licenses and delivers its content and internet
technology products and services to small and medium-sized
businesses (SMBs), major corporations and individual website owners
primarily via two revenue models: (i) a subscription-based
Software-as-a-Service (SaaS) platform; and (ii) performance-based
advertising.



INTREPID POTASH: FMR and Abigail Johnson Have 6.35% Stake
---------------------------------------------------------
FMR LLC and Abigail P. Johnson disclosed in a Schedule 13G filed
with the Securities and Exchange Commission on Feb. 13, 2017, that
they beneficially own 4,866,500 shares of common stock of Intrepid
Potash Inc. representing 6.353 percent of the shares outstanding.
A full-text copy of the regulatory filing is available at:

                     https://is.gd/M1VTbc

                       About Intrepid

Intrepid Potash -- http://www.intrepidpotash.com/-- is the only
U.S. producer of muriate of potash and supplied approximately 9% of
the country's annual consumption in 2015.  Potash is applied as an
essential nutrient for healthy crop development, utilized in
several industrial applications and used as an ingredient in animal
feed.  Intrepid also produces a specialty fertilizer, Trio(R),
which delivers three key nutrients, potassium, magnesium, and
sulfate, in a single particle.

Intrepid serves diverse customers in markets where a logistical
advantage exists; and is a leader in the utilization of solar
evaporation production, one of the lowest cost, environmentally
friendly production methods for potash.  After the idling of its
West mine in July 2016, Intrepid's production will come from three
solar solution potash facilities and one conventional underground
Trio(R) mine.

As of Sept. 30, 2016, Intrepid Potash had $581.5 million in total
assets, $202.6 million in total liabilities and $378.9 million in
total stockholders' equity.

The Company reported a net loss of $525 million in 2015 following
net income of $9.76 million in 2014.

KPMG LLP, in Denver, Colorado, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company anticipates that due
to current market conditions, they may not meet their current debt
covenant requirements in 2016, which could result in the
acceleration of debt maturities and other remedies pursuant to the
terms of the debt.  These matters raise substantial doubt about
their ability to continue as a going concern.


INTREPID POTASH: Renaissance Tech Owns 5.5% Stake of Nov. 10
------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Renaissance Technologies LLC and Renaissance
Technologies Holdings Corporation disclosed that as of Nov. 10,
2016, they beneficially own 4,255,050 shares of common stock of
Intrepid Potash representing 5.56 percent of the shares
outstanding.  A full-text copy of the regulatory filing is
available for free at https://is.gd/g40Jfs

                        About Intrepid

Intrepid Potash -- http://www.intrepidpotash.com/-- is the only
U.S. producer of muriate of potash and supplied approximately 9% of
the country's annual consumption in 2015.  Potash is applied as an
essential nutrient for healthy crop development, utilized in
several industrial applications and used as an ingredient in animal
feed.  Intrepid also produces a specialty fertilizer, Trio(R),
which delivers three key nutrients, potassium, magnesium, and
sulfate, in a single particle.

Intrepid serves diverse customers in markets where a logistical
advantage exists; and is a leader in the utilization of solar
evaporation production, one of the lowest cost, environmentally
friendly production methods for potash.  After the idling of its
West mine in July 2016, Intrepid's production will come from three
solar solution potash facilities and one conventional underground
Trio(R) mine.

As of Sept. 30, 2016, Intrepid Potash had $581.5 million in total
assets, $202.6 million in total liabilities and $378.9 million in
total stockholders' equity.

The Company reported a net loss of $525 million in 2015 following
net income of $9.76 million in 2014.

KPMG LLP, in Denver, Colorado, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company anticipates that due
to current market conditions, they may not meet their current debt
covenant requirements in 2016, which could result in the
acceleration of debt maturities and other remedies pursuant to the
terms of the debt.  These matters raise substantial doubt about
their ability to continue as a going concern.


ISAACSON IMPLEMENT: Taps Lapp Libra as Legal Counsel
----------------------------------------------------
Isaacson Implement Company, Inc. seeks approval from the U.S.
Bankruptcy Court for the District of Minnesota to hire legal
counsel.

The Debtor proposes to hire Lapp, Libra, Thomson, Stoebner & Pusch,
Chartered to give advice regarding its duties under the Bankruptcy
Code, and provide other legal services related to its Chapter 11
case.

The hourly rates charged by the firm are:

     Mark Kalla        $520
     Rosanne Wirth     $345
     Alyssa Troje      $260

Mark Kalla, Esq., disclosed in a court filing that his firm does
not hold or represent any interest adverse to the Debtor.

The firm can be reached through:

     Mark J. Kalla, Esq.
     Lapp, Libra, Thomson, Stoebner & Pusch, Chartered
     120 South Sixth Street, Suite 2500
     Minneapolis, MN 55402
     Phone: (612) 338-5815
     Fax: (612) 338-6651
     Email: mkalla@lapplibra.com

                About Isaacson Implement Company

Based in Nerstrand, Minnesota, Isaacson Implement Company, Inc.
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
D. Minn. Case No. 17-30382) on February 10, 2017.  The petition was
signed by David Isaacson, president.  The case is assigned to Judge
William J Fisher.

At the time of the filing, the Debtor disclosed $5.92 million in
assets and $1.84 million in liabilities.


ISLAND FESTIVAL: Taps Almeida & Davila as Legal Counsel
-------------------------------------------------------
Island Festival Rentals and Recycling Corp. seeks approval from the
U.S. Bankruptcy Court for the District of Puerto Rico to hire legal
counsel.

The Debtor proposes to hire Almeida & Davila, PSC to give legal
advice regarding its duties under the Bankruptcy Code, and provide
other legal services related to its Chapter 11 case.

The hourly rates charged by the firm are:

     Enrique Almeida Bernal        $200
     Zelma Davila Carrasquillo     $200
     Associate Attorneys           $175
     Paralegals                     $85

Almeida & Davila is a "disinterested person" as defined in section
101(14) of the Bankruptcy Code, according to court filings.

The firm can be reached through:

     Enrique Almeida Bernal, Esq.
     Almeida & Davila, PSC
     P.O. Box 191757
     San Juan, PR 00919-1757
     Tel: (787) 722-2500
     Fax: (787) 777-1376
     Email: info@almeidadavila.com

                  About Island Festival Rentals

Island Festival Rentals and Recycling Corp. sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. P.R. Case No.
17-01377) on February 28, 2017.  The petition was signed by
Wilfredo Medina Ramirez, president.  The case is assigned to Judge
Edward A Godoy.

At the time of the filing, the Debtor estimated assets of less than
$100,000 and liabilities of $1 million to $10 million.


JA FAMILY: Unsecured Creditors to Recoup 50% Over 5 Years
---------------------------------------------------------
JA Family Enterprises, Inc., filed with the U.S. Bankruptcy Court
for the Eastern District of Michigan a combined plan of
reorganization and disclosure statement filed on Feb. 27, 2017.

Class III consists of allowed general unsecured claims.  The
General Unsecured Claims of non-insiders total $93,720.05.  

Neither pre-Confirmation nor post-Confirmation interest on Class
III Allowed General Unsecured Claims will be paid.

General Unsecured Claims will be paid by revenue from the
operations of the Reorganized Debtor.

Allowed General Unsecured Claims will be paid 50% of their claims
over five years.

The Reorganized Debtor will make $1,400 monthly payments to holders
of Allowed General Unsecured Claims.  Each of the holders of
Allowed General Unsecured Claims will receive monthly payments
equal to a pro rata share of their Allowed Claim of the monthly
payment.

The monthly payments will start on the Distribution Date and will
continue for 60 months unless paid in full prior to this date.

The Class is impaired by the Plan.

The Debtor reasonably believes that future operations will enable
the Reorganized Debtor to satisfy its obligations under the Plan.
Other sources of cash may be explored and utilized by the
Reorganized Debtor to the extent that such infusions are necessary
to meet the obligations of the Plan.
The Combined Disclosure Statement and Plan is available at:

           http://bankrupt.com/misc/mieb16-51947-37.pdf

                   About JA Family Enterprises

JA Family Enterprises, Inc., sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. E.D. Mich. Case No. 16-51947) on Aug.
28, 2016.  The petition was signed by James Arnone, president.  The
Debtor is represented by David G. Dragich, Esq., at The Dragich Law
Firm PLLC.  At the time of the filing, the Debtor estimated assets
and liabilities at $100,001 to $500,000.


JEEA LLC: May Use Bayview Loan's Cash Collateral Until July 2017
----------------------------------------------------------------
The Hon. Paul G. Hyman, Jr., of the U.S. Bankruptcy Court for the
Southern District of Florida entered an interim order authorizing
JEEA LLC to use of cash collateral until July 2017.

The Debtor is authorized to use the cash generated from rents
received from the rental of the two properties owned by Debtor at
6353 West Rogers Circle No. 10, and 6353 West Rogers Circle No. 02,
Boca Raton, Florida (a) to continue to operate its business in the
ordinary course and (b) to make those payments it is authorized to
make pursuant to the orders of the Court.

As adequate protection for the extent of the Debtor's use of cash
collateral, Bayview Loan Servicing, LLC, will have nunc pro tunc as
of the commencement of the Chapter 11 case, a replacement lien on
all property acquired or generated post-petition by the Debtor to
the same extent and priority and of the same kind and nature as
Bayview's pre-petition liens and security interests in the cash
collateral.  Bayview's replacement lien will not encumber any
causes of action, or proceeds of causes of action.

In addition to the replacement lien, the Debtor will remit an
adequate protection payment to Bayview in the amount of $5,271 on
or before March 10, 2017, and a second payment of $5,271 on or
before April 10, 2017.

The Debtor will pay the 2016 Palm Beach County real estate taxes
for the subject properties, in the total amount of $34,452.55 or
the amount as is necessary to pay the year 2016 taxes for the
subject property in total on or before March 31, 2017.

A copy of the order and the six-month budget is available at:

          http://bankrupt.com/misc/flsb17-11255-42.pdf

On Feb. 10, 2017, the Debtor sought the Court's permission to use
cash collateral nunc pro tunc to Jan. 31, 2017, on an interim
basis.

On Feb. 13, 2017, Bayview filed its objection to the Debtor's
motion for court order authorizing the cash collateral use.   Ten
days after filing for bankruptcy on the eve of a foreclosure sale,
the Debtor first seeks permission to use Bayview's cash collateral.
Bayview said that this meant that the Debtor has been violating
the Bankruptcy Code by using Bayview's cash collateral without a
court order over Bayview's express non-consent.

Debtor argued that the rents from the Property are not cash
collateral.  Bayview said that to support this argument, the Debtor
ignored the plain language of Bayview's mortgage which provides for
a security interest in and assignment of rents.

"Although Debtor contends the Property is under-secured by over
$900k and the rents are insufficient to cover all expenses and debt
service, Debtor, without evidence, baldly concludes Bayview is
adequately protected.  Bayview is not adequately protected.
Moreover, the facts and circumstances of the filing of this case --
the use of its bankruptcy filing as a substitute for an appellate
bond to stay Bayview's final judgment of foreclosure -- is the
subject of Bayview's motion to Dismiss the Bankruptcy Case as a bad
faith filing," Bayview stated.

A copy of the Objection is available at:

          http://bankrupt.com/misc/flsb17-11255-38.pdf

Bayview is represented by:

     Thomas M. Messana, Esq.
     Thomas G. Zeichman, Esq.
     MESSANA, P.A.     
     401 East Las Olas Boulevard, Suite 1400     
     Fort Lauderdale, Florida 33301     
     Tel: (954) 712-7400
     Fax: (954) 712-7401
     E-mail: tmessana@messana-law.com

                        About JEEA LLC

JEEA LLC, headquartered at Boca Raton, Florida, is a single asset
real estate broker.  The Debtor filed a voluntary petition under
Chapter 11 of the U.S. Bankruptcy Code on Jan. 21, 2017 (Bankr S.D.
Fla. Case No. 17-11255).  The petition was signed by Jacob Eyal,
president.

The Debtor is represnted by Chad T Van Horn, Esq., of Van Horn Law
Group, P.A.  The case is assignged to Judge Paul G. Hyman, Jr.

At the time of filing, the Debtor estimated $0 to $50,000 in assets
and $1 million to $10 million in liabilities.


JETBLUE AIRWAYS: Fitch Affirms BB- IDR & Revises Outlook to Pos.
----------------------------------------------------------------
Fitch Ratings has affirmed the Long-Term Issuer-Default Rating
(IDR) for JetBlue Airways Corp. (JBLU) at 'BB-'. The Rating Outlook
has been revised to Positive from Stable. Fitch has also affirmed
JBLU's senior secured credit facility at 'BB+/RR1'. Fitch has
withdrawn the company's unsecured rating following the conversion
of all of its outstanding convertible notes in 2016.

KEY RATING DRIVERS

The rating encompasses JBLU's strong credit metrics, consistent
profitability, growing domestic presence and its solid financial
flexibility. The rating is also supported by the company's
meaningful debt reduction over the past few years and its continued
commitment to a healthy balance sheet.

JBLU's Positive Outlook reflects credit metrics that are in-line
with or stronger than other airlines rated in the 'BB' category.
Fitch may upgrade the rating within the next year should the
company maintain its financial performance and credit metrics in
the face of moderately higher fuel prices, the current competitive
environment, or in the case of an economic downturn.

Fitch's primary ratings concerns revolve around JBLU's growth
strategy which is more aggressive than its peer group, and requires
heavy spending on aircraft deliveries over the next few years. The
increased aircraft related capex is a critical part of JBLU's
capacity plans but it will put pressure on FCF over the
intermediate term and will most likely lead to incremental
borrowing. These risks are offset by the company's sizable
liquidity balance and its successful track record of growth. Fitch
will also monitor JBLU's recent increased focus on returning cash
to shareholders but, at this time, considers it a minimal concern
due to the strength of the company's balance sheet. Longer-term
concerns also include the strengthened competitive position coming
from the major network carriers as their financial performance has
improved and the rapid growth of ultra-low cost competitors. Other
risks include cyclicality and the high degree of operating leverage
that is typical for the airline industry

STABLE EXPECTED FINANCIAL PEFORMANCE DESPITE HEADWINDS

After expanding EBIT Margins by more than 10 percentage points in
2015, JBLU increased margins again in 2016 by 80bps to 20.1%. The
company's cumulative margin improvement has outpaced its
competitors over the last two years. These improvements were driven
by the introduction of Mint on transcon routes, Fare Options, cabin
restyling, and low fuel prices. Fitch expects operating margins to
decrease by 2 to 6 percentage points in 2017 primarily due to
higher fuel prices and Fitch forecasts for a 1.5% to 3.5% increase
in non-fuel unit costs related to shorter stage length and wage
increases. Fitch expects these types of cost pressures to be felt
across the industry. Fitch's current forecast for 2017 incorporates
a jet fuel price of $1.80/gallon, representing a roughly 28%
increase from JBLU's average price paid in 2016 of $1.41. In
addition to high fuel prices, JBLU may face a soft yield
environment in key focus cities. The company competes with major
legacy carriers in Boston and will face heavy upcoming growth from
both low-cost and and legacy carriers in South Florida.

Despite higher fuel prices, wage increases and the revenue
environment remaining relatively soft, JBLU's operating margins
will continue to be higher than pre-2015 margins and in the upper
echelon of its North American peers over the next few years. Fitch
believes pressures on margins will be partially offset by the
continued expansion of JBLU's Mint product, aircraft densification,
increasing ancillary revenues, and recent cost initiatives. JBLU is
scheduled to take delivery of 15 A321-200s in 2017, 14 of which
will have the Mint configuration. The Mint A321s tend to produce
higher margins due to the revenue premiums this aircraft receives
on transcon routes. JBLU will be adding more transcon routes from
JFK and BOS and new transcon routes from Fort Lauderdale-Hollywood
(FLL) in the next two years.

JBLU's cabin restyling will increase capacity by adding 12 seats to
its current A320s. By densifying its average seating configuration,
JBLU will add the equivalent of roughly 10 to 11 new A320s at a
much lower total capital investment to its A320 fleet.
Additionally, Fitch expects JBLU's higher margin ancillary revenue
base to grow by mid-single digits in over the next few years.

Fitch expects JBLU's CASM-ex fuel from 2018-2020 to slightly
increase year over year as JBLU's structural cost initiatives,
which begin in 2017, should partially offset cost pressures from
maintenance and wage increases. Initiatives will focus on IT
investments to improve the efficiency of the operations and
maintenance groups. The investments will also drive airport costs
down, while improving self-service technology for customers. JBLU
expects to reach a run-rate of $250 million to $300 million in cost
savings by 2020. Fitch views this goal as achievable given that the
scale of the projected savings is reasonable as it relates to
JBLU's overall cost structure and given the success of cost
initiatives at competing airlines in recent years.

HEALTHY BALANCE SHEET

As of Dec. 31, 2016, Fitch calculates JBLU's total adjusted
debt/EBITDAR at 2.1x, down from 2.5x at year end 2015. Fitch
expects the company's leverage to slightly increase over the next
three years driven both by lower EBITDAR expectations (higher fuel
prices, increased wages) and some debt funded aircraft deliveries.
JBLU's leverage is now below several peers that Fitch rates in the
'BB' category. Leverage improvement in 2016 was largely driven by
lower fuel costs, increased capacity, and amortization of debt. The
company used cash flow to fund $377 million in debt repayments for
the year. The company continues to buy aircraft off of leases,
which represents its most expensive form of financing. JBLU's
unencumbered asset base as of year-end 2016 stands at 97 aircraft
and 32 spare engines. Fitch considers high quality unencumbered
aircraft to be a good additional source of financial flexibility.
The company is unlikely to further delever as it focuses on capital
investments and returning cash to shareholders. Fitch estimates
that adjusted debt/EBITDAR will remain between 2.3x and 2.7x over
the intermediate term.

HEAVY AIRCRAFT DELIVERIES PRESSURE FCF

The company's growth strategy drove the decision to take on
significant aircraft deliveries over the next few years. In July of
2016, JBLU announced that it will take delivery of five additional
A321s in the second half of 2017, raising total aircraft deliveries
to 15 and capex to $1.2 billion-$1.4 billion for the year. Aircraft
deliveries will range from 11 to 21 during 2017 to 2019 compared
with a range of 9 to 12 aircraft deliveries from 2014 to 2016.
Capex will average $1.3 billion per year over the next few years
compared with an average of $940 million over the last three years.
FCF will be pressured over the intermediate-term due to the uptick
in capex. Fitch projects FCF to be in the range of $50 million and
($100) million for 2017. The company will use a mix of debt and
cash to finance its aircraft deliveries for 2017. Fitch expects
JBLU to generate a sizable amount of positive free cash flow in
2018 due to a lull in aircraft related capex.

LIQUIDITY

JBLU's liquidity is supportive of the ratings. As of Dec. 31, 2016,
JetBlue had a cash and cash equivalents balance of $433 million,
short-term investment securities of $538 million and an undrawn
balance of $400 million on its revolving credit facility. Fitch
considers total liquidity to be more than adequate to address
near-term needs. Upcoming debt maturities are manageable over the
next three years. Fitch forecasts that JBLU's cash on hand and
operating cash flow generation would cover its capital expenditures
in the near term, however the company will borrow to fund aircraft
deliveries.

KEY ASSUMPTIONS

-- Mid-to-high single digit capacity growth throughout the
    forecast period;

-- Continued stable/slow growth in demand for U.S. domestic
    travel;

-- RASM is slightly negative to flat y-o-y in 2017 followed by a
    slight increase in RASM thereafter;

-- Jet Fuel prices equating to roughly $58/barrel on average for
    2017, increasing to approximately $70/barrel by the end of the

    forecast period;

-- CASM ex. fuel increases by about 3.3% in 2017.

RATING SENSITIVITIES

Positive: The ratings could be upgraded in the next year as Fitch
gains more comfort that JBLU's credit profile is sustainable
through a downturn. Future developments that may, individually or
collectively, lead to a positive rating action include:

-- Adjusted debt/EBITDAR maintained below 2.5-3.0x;

-- FFO fixed charge coverage remaining above 3.5x;

-- Continued positive or neutral FCF generation. Intermediate-
    term FCF may be below Fitch's previous forecasts, in part due
    to higher than expected capex. The agency does not view this
    as an impediment to a potential future ratings upgrade unless
    FCF were to turn more sharply negative.

Future developments that may, individually or collectively, lead to
a negative rating action include:

-- Sustained negative free cash flow;

-- A change in management strategy to direct cash to
    dividends/share repurchases at the expense of a healthy
    balance sheet;

-- Adjusted leverage increasing to the mid to high 3x range;

-- FFO fixed charge coverage dropping to below 2.5x.

FULL LIST OF RATING ACTIONS

Fitch has taken the following rating actions:

JetBlue Airways, Corp.
-- IDR affirmed at 'BB-';
-- Senior secured credit facility affirmed at 'BB+/RR1';
-- Senior unsecured debt withdrawn.

The Rating Outlook is revised to Positive from Stable.


JN MEDICAL: Seeks to Hire Stinson Leonard as Legal Counsel
----------------------------------------------------------
JN Medical Corporation seeks approval from the U.S. Bankruptcy
Court for the District of Nebraska to hire legal counsel in
connection with its Chapter 11 case.

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

The hourly rates charged by the firm range from $305 to $730 for
partners and counsel, $250 to $435 for associates, and $135 to $285
for paralegals.

Stinson Leonard is a "disinterested person" as defined in section
101(14) of the Bankruptcy Code, according to court filings.

The firm can be reached through:

     Patrick R. Turner, Esq.
     Stinson Leonard Street, LLP
     1299 Farnam Street, Suite 1500
     Omaha, NE 68102
     Tel. No. (402) 342-1700
     Fax No. (402) 342-1701
     Email: Patrick.turner@stinson.com

                  About JN Medical Corporation

JN Medical Corporation, a company based in Omaha, Nebraska, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Neb.
Case No. 17-80174) on February 15, 2017.  The petition was signed
by Kevin Aramalla, president.  The case is assigned to Judge Thomas
L. Saladino.

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


K&H RESTAURANT: Seeks to Hire Davis & Gilbert as Special Counsel
----------------------------------------------------------------
K&H Restaurant, Inc. seeks approval from the U.S. Bankruptcy Court
for the Southern District of New York to hire Davis & Gilbert LLP
as its special counsel.

Davis & Gilbert will provide legal services in connection with a
case filed in the Civil Court of the City of New York by the
Debtor's landlord to recover possession of its property.

Prior to the filing of the case, the landlord had served the Debtor
with a notice terminating their lease contract, forcing the latter
to file for Chapter 11 protection, according to court filings.

The rates charged by the firm range from $350 to $575 per hour.
Jesse Schneider, Esq., the attorney designated to represent the
Debtor, will charge an hourly rate of $575.  

Davis & Gilbert does not hold any interest adverse to the Debtor,
according to court filings.

The firm can be reached through:

     Jesse B. Schneider, Esq.
     Davis & Gilbert LLP
     1740 Broadway
     New York, NY 10019
     Tel: (212) 468-4854
     Fax: (212) 468-4888
     Email: jschneider@dglaw.com

                    About K&H Restaurant Inc.

K&H Restaurant, Inc. is a New York corporation that owns and
operates a restaurant under the name of "Raffles Bistro" located in
the ground floor of the Lexington Hotel.

The Debtor filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y.
Case No. 16-13151) on November 13, 2016, disclosing under $1
million in both assets and liabilities.  

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


K&H RESTAURANT: Taps Gottesman Law as New Legal Counsel
-------------------------------------------------------
K&H Restaurant Inc. seeks approval from the U.S. Bankruptcy Court
for the Southern District of New York to hire a new legal counsel.

The Debtor proposes to hire Gottesman Law, PLLC to give legal
advice regarding its duties under the Bankruptcy Code, assist in
the negotiation of financing deals, prepare a bankruptcy plan,
assist in any potential asset disposition, and provide other legal
services.  The firm will replace the Law Office of Gabriel Del
Virginia.

Andrew Gottesman, Esq., a partner at Gottesman Law, will charge
$375 per hour for his services.

Gottesman Law is a "disinterested person" as defined in section
101(14) of the Bankruptcy Code, according to court filings.

The firm can be reached through:

     Andrew R. Gottesman, Esq.
     Gottesman Law, PLLC
     85 Broad Street, 29th Floor
     New York, NY 10004
     Tel: (646) 880-4456
     Fax: (646) 884-2741
     Email: andrew@gottesmanlawpllc.com

                    About K&H Restaurant Inc.

K&H Restaurant, Inc. is a New York corporation that owns and
operates a restaurant under the name of "Raffles Bistro" located in
the ground floor of the Lexington Hotel.

The Debtor filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y.
Case No. 16-13151) on November 13, 2016, disclosing under $1
million in both assets and liabilities.  

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


KANE CLINICS: Judge Grants Bid to Excuse PCO Appointment
--------------------------------------------------------
Judge Lisa Ritchey Craig of the U.S. Bankruptcy Court for the
Northern District of Georgia entered an Order for The Kane Clinics,
LLC, granting its Motion to Excuse Appointment of Patient Care
Ombudsman.

The Debtor's Motion was granted subject to subsequent motion by the
United States Trustee or other party in interest that no patient
care ombudsman will be appointed.

As previously reported by The Troubled Company Reporter, in support
of the Debtor's motion to excuse appointment of a PCO, the Debtor
explains that privacy is well protected in the Chapter 11
bankruptcy case,
and any cost of a PCO would be overly burdensome to the Debtor's
business.

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

            About The Kane Clinics

The Kane Clinics, LLC, 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.


KEY ENERGY: Posts Net Loss of $131.7M for Period Ended Dec. 15
--------------------------------------------------------------
Key Energy Services, Inc. (KEG) on Feb. 27, 2017, reported a net
loss of $131.7 million, or $0.82 per diluted share, on revenue of
$399.4 million for the period from January 1, 2016 to December 15,
2016 for the Predecessor Company, and a net loss of $10.2 million,
or $0.51 per diluted share, on revenue of $17.8 million for the
period from December 16, 2016 to December 31, 2016 for the
Successor Company.  Upon emergence from Chapter 11 bankruptcy on
December 15, 2016, the Company adopted fresh start accounting,
which resulted in the Company becoming a new entity for financial
reporting purposes.  References to "Successor" relate to the
financial position of the reorganized Key as of and subsequent to
December 16, 2016; references to "Predecessor" refer to the
financial position of Key as of and prior to December 15, 2016 and
the results of operations through December 15, 2016.  As a result
of the application of fresh start accounting and the effects of the
implementation of the Prepackaged Plan of Reorganization, the
financial statements on or after December 16, 2016 are not
comparable with the financial statements prior to that date.  

For the period October 1, 2016 to December 15, 2016, the
Predecessor reported net income of $173.4 million, or $1.08 per
diluted share, on revenue of $90.9 million.  Predecessor results
for the period from October 1, 2016 to December 15, 2016 include a
net gain associated with the Company's restructuring of $245.6
million, or $1.53 per diluted share, a charge related to settlement
accruals of $16.7 million, or $0.10 per diluted share, an
impairment charge of $4.6 million, or $0.03 per diluted share,
professional fees incurred in connection with our emergence from
voluntary reorganization of $3.1 million, or $0.02 per diluted
share, a charge related to a vacation policy accrual change of $3.4
million, or $0.02 per diluted share, a financing-related and
insurance policy tail expense of $2.4 million, or $0.02 per diluted
share, an expense related to the vesting of equity compensation in
bankruptcy of $2.0 million, or $0.01 per diluted share, severance
costs of $0.7 million, or $0.00 per diluted share and a loss on
sale of assets of $0.1 million, or $0.00 per diluted share.
Excluding these items, the Predecessor reported a normalized net
loss of $39.0, or $0.24 per diluted share.  For the period December
16, 2016 to December 31, 2016, the Successor reported a net loss of
$10.2 million, or $0.51 per diluted share, on revenue of $17.8
million. Successor results for the period from December 16, 2016 to
December 31, 2016 included a loss on sale of assets of $0.4
million, or $0.02 per diluted share.  Excluding this item, the
Successor reported a normalized net loss of $9.8 million, or $0.49
per diluted share.  For the period July 1, 2016 to September 30,
2016, Predecessor reported a net loss of $130.8 million, or $0.81
per diluted share, on revenue of $102.4 million. Predecessor
results for the period July 1, 2016 to September 30, 2016 included
a charge of $40.0 million, or $0.25 per share, for asset
impairments associated with the sale of Key's business in Mexico,
costs of $13.2 million, or $0.08 per share, in professional and
other fees related to Key's restructuring, costs of $6.3 million,
or $0.04 per share, related to certain legal settlements the
Company is pursuing and a charge of $2.2 million, or $0.01 per
share, related to the loss on sale of certain obsolete assets.

For the period from January 1, 2016 to December 15, 2016, the
Predecessor reported a net loss of $131.7 million, or $0.82 per
diluted share, on revenue of $399.4 million.  Predecessor results
for the period from January 1, 2016 to December 15, 2016 included a
net gain associated with the Company's restructuring of $245.6
million, or $1.53 per diluted share, an impairment charge of $44.6
million, or $0.28 per diluted share, professional fees incurred in
connection with our emergence from voluntary reorganization of
$25.8 million, or $0.16 per diluted share, severance costs of $9.0
million, or $0.06 per diluted share, a charge for certain legal
settlements the Company is pursuing of $16.7 million, or $0.10 per
diluted share, a loss on sale of assets of $5.2 million, or $0.03
per diluted share, a charge associated with the completed FCPA
investigation settlement of $5.0 million, or $0.03 per diluted
share, a charge related to a vacation policy accrual change of $3.4
million, or $0.02 per diluted share, a financing-related and
insurance policy tail expense of $2.4 million, or $0.02 per diluted
share, and an expense related to the vesting of equity compensation
in bankruptcy of $2.0 million, or $0.01 per diluted share.
Excluding these items, the Company reported a normalized net loss
of $256.7 million, or $1.60 per diluted share.  For the period
December 16, 2016 to December 31, 2016, the Successor reported a
net loss of $10.2 million, or $0.51 per diluted share, on revenue
of $17.8 million. Successor results for the period from December
16, 2016 to December 31, 2016 included a loss on sale of assets of
$0.4 million, or $0.02 per diluted share.  Excluding this item, the
Successor reported a normalized net loss of $9.8 million, or $0.49
per diluted share. For the twelve-month period ending December 31,
2015, the Predecessor reported a net loss of $917.7 million, or
$5.86 per diluted share, on revenue of $792.3 million.

U.S. Results

Revenue in U.S. Rig Services for the combined fourth quarter period
of 2016 was $61.8 million.  For the period October 1, 2016 to
December 15, 2016, Predecessor U.S. Rig Services generated an
operating loss of $10.4 million, or -19.6% of revenue, and for the
period December 16, 2016 to December 31, 2016, Successor U.S. Rig
Services generated an operating loss of $1.9 million, or -22.6% of
revenue.  U.S. Rig Services Adjusted EBITDA for the combined fourth
quarter period of 2016 was $8.9 million, or 14.4% of revenue.
Predecessor U.S. Rig Services revenue for the third quarter of 2016
was $59.1 million and generated Adjusted EBITDA of $6.8 million, or
11.5% of revenue.

Revenue in Fluid Management Services for the combined fourth
quarter period of 2016 was $18.0 million. For the period October 1,
2016 to December 15, 2016, Predecessor Fluid Management Services
generated an operating loss of $10.9 million, or -73.7% of revenue,
and for the period December 16, 2016 to December 31, 2016,
Successor Fluid Management Services generated an operating loss of
$1.1 million, or -35.5% of revenue.  Fluid Management Services
Adjusted EBITDA loss for the combined fourth quarter period of 2016
was $2.6 million, or -14.2% of revenue.  Predecessor Fluid
Management Services revenue for the third quarter of 2016 was $19.0
million and generated an Adjusted EBITDA loss of $1.2 million, or
-6.5% of revenue.

Revenue in Coiled Tubing Services for the combined fourth quarter
period of 2016 was $7.7 million.  For the period October 1, 2016 to
December 15, 2016, Predecessor Coiled Tubing Services generated an
operating loss of $2.7 million, or -43.7% of revenue, and for the
period December 16, 2016 to December 31, 2016, Successor Coiled
Tubing Services generated an operating loss of $0.3 million, or
-18.4% of revenue.  Coiled Tubing Services Adjusted EBITDA loss for
the combined fourth quarter period of 2016 was $0.1 million, or
-0.8% of revenue.  Predecessor Coiled Tubing Services revenue for
the third quarter of 2016 was $7.1 million and generated an
Adjusted EBITDA loss of $1.6 million, or -23.0% of revenue.

Revenue in Fishing & Rental Services for the combined fourth
quarter period of 2016 was $15.4 million.  For the period October
1, 2016 to December 15, 2016, Predecessor Fishing & Rental Services
generated an operating loss of $6.7 million, or -55.5% of revenue,
and for the period December 16, 2016 to December 31, 2016,
Successor Fishing & Rental Services generated an operating loss of
$0.3 million, or -7.8% of revenue.  Fishing & Rental Services
Adjusted EBITDA for the combined fourth quarter period of 2016 was
$1.5 million, or 9.9% of revenue.  Predecessor Fishing & Rental
Services revenue for the third quarter of 2016 was $14.1 million
and generated Adjusted EBITDA of $0.4 million, or 2.8% of revenue.

International Segment

Revenue in International segment for the combined fourth quarter
period of 2016 was $5.9 million.  For the period October 1, 2016 to
December 15, 2016, Predecessor International generated an operating
loss of $4.9 million, or -106.1% of revenue, and for the period
December 16, 2016 to December 31, 2016, Successor International
generated operating income of $0.1 million, or 5.2% of revenue.
International Adjusted EBITDA for the combined fourth quarter
period of 2016 was $1.1 million, or 19.0% of revenue. Predecessor
International segment revenue for the third quarter of 2016 was
$3.1 million and generated an Adjusted EBITDA loss of $2.0 million,
or -64.5% of revenue.  

General and Administrative Expenses

General and Administrative (G&A) expenses for the combined fourth
quarter of 2016 were $40.2 million, which included $6.0 million of
settlement accruals, $3.1 million of professional fees associated
with the Company's financial restructuring, a $2.4 million expense
related to financing and D&O policy expense, a $1.9 million expense
related to vesting of equity compensation in bankruptcy, a $0.6
million charge associated with changes to vacation accrual policy
and $0.7 million of severance expense.  Excluding these costs and
International G&A of $2.2 million, G&A in the fourth quarter was
$23.3 million.  For the Predecessor third quarter of 2016, G&A
expenses were $42.5 million, which included $13.2 million of
professional fees, $0.3 million in severance and $0.2 in costs
associated with the completed FCPA investigations.

Overview and Outlook

Key's President and Chief Executive Officer, Robert Drummond,
stated, "After emerging from our prepackaged bankruptcy during the
fourth quarter of 2016 with a significantly improved balance sheet,
we are encouraged to enter 2017 with early signals of a recovering
U.S. oil services market in North America.  Stabilized oil prices
have enabled our customers to begin addressing well maintenance
needs and to begin evaluating new well opportunities.

"During the fourth quarter, our Rig Services hours improved
approximately 4% sequentially, in a quarter where hours are
typically down 3% – 5% due to seasonality.  We view this
counter-seasonal trend to be indicative of increased demand from
our customers to perform well maintenance on economic wells where
well maintenance may have previously been deferred due to low
commodity prices.

"Increased demand for our services is not limited to the Rig
Services segment, as we're currently seeing increased demand across
all of our service lines and are realizing a degree of pricing
discount recovery in all of our markets.

"We are encouraged by the cyclical and secular trends in our core
production services businesses.  The underlying economic rationale
for our customers to perform well maintenance on conventional oil
wells and the new demand associated with well maintenance of
longer, more complex aging horizontal oil wells continues to
improve.  We expect to see this new layer of demand continue to
develop in 2017 and we believe we are well-positioned to benefit
from these trends."

                          About Key Energy

Headquartered in Houston, Texas, Key Energy, Inc., claims to be the
largest domestic onshore, rig-based well servicing contractor based
on the number of rigs owned.  The Company provides a full range of
well services to major oil companies, foreign national oil
companies and independent oil and natural gas production companies
including Chevron Texaco Exploration and Production.

Each of Misr Key Energy Investments, LLC, Key Energy Services,
Inc., Key Energy Services, LLC, and Misr Key Energy Services, LLC,
filed a voluntary petition under Chapter 11 of the Bankruptcy Code
(Bankr. D. Del. Lead Case No. 16-12306) on Oct. 24, 2016.  Key's
other domestic and foreign subsidiaries are not part of the
bankruptcy filing.

As of the second quarter of 2016, the Company had approximately
$1.13 billion in total assets and approximately $1 billion in
aggregate funded debt.  As of the date of the Petition Date, the
Debtors hold approximately $29.8 million in encumbered,
unrestricted cash.  The Debtors have approximately $13.4 million of
trade debt and other debt owed to general unsecured creditors, as
disclosed in court papers.

The Debtors hired Sidley Austin LLP as general bankruptcy counsel;
Young, Conaway, Stargatt & Taylor, LLP, as Delaware counsel; PJT
Partners LP as investment bankers; Alvarez and Marsal North
America, LLC, as financial advisors; and Epiq Bankruptcy Solutions,
LLC, as notice, claims, solicitation and voting agent.

                          *     *     *

Key Energy filed for Chapter 11 pursuant to the terms of a plan
support agreement among Key, Platinum Equity and certain other
holders of its 6.75% Senior Notes due 2021, collectively holding
more than 89% of its outstanding Senior Notes, and certain lenders
holding more than 87% of the principal amount of loans outstanding
under Key's Term Loan Credit Agreement dated June 1, 2015.  The PSA
contemplates the reorganization of the Debtors pursuant to a
prepackaged plan of reorganization.  The Plan contemplates that
funded debt will be reduced from roughly $1 billion to
approximately $250 million.  Under the Joint Plan, Class 6 General
Unsecured Claims are unimpaired and will recover 100%.

The Debtors won confirmation of their bankruptcy-exit plan on  Dec.
6, 2016.  They emerged from Chapter 11 on Dec. 15 and began trading
on the New York Stock Exchange under the ticker symbol "KEG".
Platinum Equity became the Company's largest shareholder.


LA4EVER LLC: Court Dismisses Chapter 11 Case
--------------------------------------------
The Hon. Ann M. Nevins of the U.S. Bankruptcy Court for the
District of Connecticut entered on Feb. 16, 2017, a stipulated
order dismissing A4Ever, LLC and LLCD, LLC's Chapter 11
proceedings.

Secured creditor Southport Secured Lending Fund, LLC, and the
Debtors will restrain n from commencing or recommencing any
litigation, action, motion or other judicial intervention against
the other for a period of not less than 30 days following the
dismissal; provided that in the event that the interest payments
are not timely made, then the Secured Creditor may immediately
commence or recommence litigation against the Debtors.

The Debtors will make an interest payment to Secured Creditor
together totaling $9,967 for the month of February 2017 not later
than Feb. 15, 2017, and $9,967 for the month March 2017 not later
than March 15, 2017.

The Debtors, or either of them, are barred from filing petitions
under Title 11, U.S. Code, for the period from the dismissal of
these cases through and including May 1, 2018.

On Feb. 10, 2017, the Court granted the Debtor permission to use
for February 2017 rentals or other funds that may constitute cash
collateral in which the Secured Creditor may assert secured
interests, and that the use, or escrow for future use, may be up to
the total amount of expenses projected to be (i) $3,660, and (ii)
$2,2501 for payment to the Secured Creditor, or its servicer, of
cash and rental proceeds in accordance with the budget appended to
the motion, allowing up to 10% overage in any category without
further court order, for the period from Feb. 1, 2017, through Feb.
28, 2017.

The Secured Creditor is represented by:

     James Berman, Esq.
     ZEISLER AND ZEISLER
     10 Middle Street, 15th Floor
     Bridgeport, CT 06604
     Tel: (203) 368-4234
     Fax: (203) 367-9678
     E-mail: jberman@zeislaw.com

                           About LA4Ever LLC

LA4Ever, LLC, and LLCD, LLC, are Connecticut limited liability
companies officially registered with the Secretary of State in
December 2002 and January 2003.  These companies were formed by and
are owned by Kenneth Hill and Daphne Benas.  Since their formation
the Debtors have been in the business of ownership and operation of
residential rental property at 325-327 St. John Street and 23 Brown
Street, in New Haven, Connecticut.  Mr. Hill and Ms. Benas also
oversaw extensive rehabilitation of the Property resulting in
significant improvement early on after the purchase.  Many routine
management and maintenance duties at the Property are handled by
LABenhill, LLC, a management company formed, owned and operated by
Mr. Hill and Ms. Benas.

LLCD, LLC, owns the Brown Street Property at 23 Brown Street in the
Wooster Square neighborhood in New Haven, Connecticut.  The Brown
Street Property consists of five residential units representing a
current monthly rent roll of $6,250 inclusive of two units recently
vacated which vacancies are anticipated to be filled promptly.
LA4Ever, LLC, owns the St. John Street Property at 325-7 St. John
Street, also in the Wooster Square neighborhood in New Haven,
Connecticut.  The St. John Street Property consists of six
residential units representing a current monthly rent roll of
$9,875.  All six units of the St. John Street Property are
presently occupied.

The Debtors filed for Chapter 11 bankruptcy protection (Bankr. D.
Conn. Lead Case No. 15-30546) on April 8, 2015.  The petition was
signed by Daphne Benas, member.  The Debtors are represented by
Carl T. Gulliver, Esq., at Coan Lewendon Gulliver & Miltenberger,
LLC.  The case is assigned to Judge Julie A. Manning.

At the time of the filing, LA4Ever estimated its assets at $500,000
to $1 million and debts at $1 million to $10 million.  LLCD
estimated its assets and debt at $500,000 to $1 million.

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


LADDER CAPITAL: Fitch Affirms 'BB' IDRs, Outlook Stable
-------------------------------------------------------
Fitch Ratings has affirmed the 'BB' Long-Term Issuer Default
Ratings (IDRs) and senior unsecured note ratings of Ladder Capital
Finance Holdings LLLP and Ladder Capital Finance Corporation,
subsidiaries of Ladder Capital Corp (collectively Ladder). Fitch
has also assigned a rating of 'BB(EXP)' to Ladder's expected $500
million issuance of senior unsecured notes. The Rating Outlook is
Stable.

The rating actions follow the announced $500 million unsecured debt
issuance by Ladder.

KEY RATING DRIVERS - IDRS AND SENIOR DEBT

The rating affirmations reflect Ladder's established platform as a
commercial real estate (CRE) lender and investor; conservative
underwriting culture; granular portfolio; continued adherence to a
leverage target commensurate with the risk profile of its assets;
and access to multiple sources of capital. Rating constraints
include Ladder's less diversified business model focused on the CRE
sector; increased performance pressures on certain CRE sub-sectors,
a high (albeit declining) proportion of secured, wholesale funding;
reduced capital retention stemming from the parent company's REIT
tax election effective Jan. 1, 2015; the absence of a track record
as a standalone entity through a full credit cycle; and key man
risk.

The 'BB(EXP)' rating on the expected unsecured debt is equalized
with Ladder's IDR, reflecting sufficient unencumbered asset
coverage to suggest average recovery prospects in a stressed
scenario.

Ladder expects to issue $500 million of new unsecured corporate
bonds and use the proceeds to retire $297 million of existing
7.375% unsecured corporate bonds due in 2017 and pay off certain
secured borrowings. This transaction is expected to increase
unsecured debt to 19.3% of total debt on a pro forma basis at Dec.
31, 2016, from the reported 14.2% at year-end, a material
improvement but still within Fitch's 'bb' quantitative benchmark
range of 0% to 35% for balance sheet intensive finance and leasing
companies. Ladder also intends to adhere to a newly established
1.2x unencumbered assets to unsecured debt covenant, which should
provide protection to bondholders during periods of market stress.
Pro forma for the unsecured debt issuance, Fitch calculates
Ladder's unencumbered asset coverage to be 1.8x on a reported basis
but below 1.0x on a stressed basis.

Ladder varies its leverage depending on the risk profiles of and
allocation levels to the various CRE asset classes in which it
invests. Following the volatility in the credit markets in the
first quarter of 2016, Ladder increased its exposure to 'AAA' and
other investment grade rated CMBS securities, resulting in overall
corporate debt to equity of 3.0x as of June 30, 2016, but this
ratio declined to 2.6x as of Dec. 31, 2016 as the company
re-allocated capital into first mortgage balance sheet loans. The
unsecured bond offering is not expected to impact leverage, given
that the proceeds are expected to be used to repay outstanding
secured and unsecured debt.

The company continues to improve its earnings diversity. Revenues
from conduit loan sales have decreased meaningfully since 2013 and
represented 20% of total revenues in 2016, down from 24% of
revenues in 2015. Ladder's core earnings totalled $158.2 million
during 2016, down year-over-year from $191.5 million during 2015.
The year-over-year decline was largely attributable to slower CMBS
activity during the first half of 2016 that led to lower income
from sales of securitized loans, as well as lower gains on sales of
securities.

Fitch believes there is potential for additional earnings
diversification following the announcement on Feb. 28, 2017 that
Related Companies (Related) has made a strategic investment in
Ladder. Related, through its Related Real Estate Fund II, purchased
$80 million of Ladder stock from certain pre-IPO shareholders and
has a right of first offer for certain horizontal risk retention
investments in which Ladder retains an interest. Fitch views this
as a potential way to support Ladder's risk retention requirements.
In addition, in October 2016, Ladder Capital Asset Management LLC
(LCAM), a Ladder subsidiary, launched the Ladder Select Bond Fund.
Ladder made a $10 million investment in the fund, which is a mutual
fund offering third party investors exposure to commercial mortgage
backed securities. Fitch believes that Related's market position as
a CRE fund manager could allow Ladder to grow LCAM through expanded
fundraising capability.

Despite these favorable trends, Ladder has not yet managed through
a full credit cycle given that it was founded in October 2008.
Nevertheless, it has operated during multiple periods of market
volatility since inception without incurring credit losses.
Ladder's average loan-to-value ratio across all lending programs
declined to 64.8% as of Dec. 31, 2016 from 68% as of Dec. 31, 2015,
indicative of the company's continued conservative underwriting
standards.

Ladder's top property exposures in its loan portfolio as of
Dec. 31, 2016 were hotels (33%), office (25%), multifamily (18%)
and retail (13%). Fitch expects U.S. lodging revenue per available
room growth to decelerate to 1%-2% during 2017 as the industry
enters the seventh year of this upcycle. Fitch projects healthy and
above average office property fundamentals in 2017, though certain
markets such as Houston continue to show weakness. Fitch believes
multifamily has reached a peak in performance, while retail
property performance is expected to be mixed, with lack of new
construction offsetting retailer bankruptcies and downsizings. As a
result of these trends, Fitch expects asset quality of CRE loan
portfolios (including those of banks) to revert to long-term
averages in the coming years, although the pace of asset quality
reversion is in part dependent on the level of interest rates.

Ladder remains reliant on wholesale funding sources, although there
is growing diversity amongst Ladder's sources of capital. As of
Dec. 31, 2016, the company had five committed loan repurchase
(repo) facilities, one committed and one uncommitted securities
repo facility, a corporate credit facility from numerous lending
institutions, mortgage loan borrowings, borrowings from the Federal
Home Loan Bank (FHLB), and access to unsecured notes and public
equity.

Fitch views the expected loss of FHLB membership by Ladder's
captive insurance subsidiary effective February 2021 as an ongoing
funding consideration. While Ladder has multiple options at its
disposal to either repay FHLB borrowings via securities sales or
new debt arrangements, replacement funding is likely to be either
shorter-term term (e.g., reverse repurchase facilities) or higher
cost (e.g., additional unsecured notes), which could introduce
additional funding and liquidity risk or pressures on
profitability.

Fitch believes that Ladder's potential replacement of FHLB funding
with repo borrowings would be a credit negative because it would
increase liquidity risk, and conversely notes that a replacement of
FHLB funding with long-term unsecured debt would be a credit
positive as it would lessen liquidity risk, improve financial
flexibility, and extend duration. The $500 million unsecured notes
offering moderately increases unsecured debt and unencumbered
assets. Fitch would view unsecured debt as a percentage of total
debt approaching 35% positively from a ratings perspective.

As of Dec. 31, 2016, Ladder had $1.7 billion of excess committed
capacity under its debt facilities and its unencumbered pool could
be pledged or liquidated (subject to applicable haircuts) to
support unsecured debt repayment. Nevertheless, Ladder's liquidity
position remains constrained by its REIT tax election. Ladder
continues to retain a lower portion of core earnings when compared
to the approximately 60% of core earnings retained prior to the
REIT conversion. All else being equal, the REIT conversion
increased after-tax core earnings because of a lower effective tax
rate as a REIT, but this was somewhat offset by an increase in the
company's annual cash dividend to $1.20 per share from $0 per share
previously.

Ladder continues to build out its management team, with the Feb.
27, 2017 announcement that Marc Waldman joined Ladder as a Managing
Director in Originations, reporting to Michael Mazzei, Ladder's
President. Fitch believes that key man risk continues to reside
with Brian Harris, the CEO of Ladder. However, the company has
increasing management depth, and the six executive officers of the
company average 28 years of CRE finance experience. As of
Dec. 31, 2016, Ladder's named executive officers and directors held
interests in the company comprising 11.9% of the company's total
equity, aligning interests of management and shareholders.

RATING SENSITIVITIES - IDRS AND SENIOR DEBT
The following factors may positively impact Ladder's ratings and/or
Outlook:
-- A continued low reliance on gain on sale income;

-- Continued increased economic access to long-term unsecured
    debt funding, such that unsecured debt approaches 35%;

-- Demonstrated underwriting discipline and asset quality
    performance in the face of current CRE sub-sector pressures;

-- Maintenance of leverage within the targeted 2.0x-3.0x range
    and strong liquidity levels.

The following factors may negatively impact Ladder's ratings and/or
Outlook:
-- A material reduction in long-term economic sources of funding;

-- Material increase in exposure to more aggressively
    underwritten balance sheet loans or real estate equity
    investments without adequate reserves and commensurate
    decrease in leverage;

-- A sustained increase in leverage beyond the company's
    articulated target;

-- Sustained reduction in liquidity levels and/or unencumbered
    assets relative to outstanding unsecured debt;

-- Sustained operating losses or material weakening of asset
    quality.

The unsecured debt rating is primarily sensitive to changes in
Ladder's IDR. Additionally, the unsecured debt rating could be
notched down from Ladder's IDR were unencumbered asset coverage,
and thus recovery expectations for the debt class, to materially
decline.

Fitch has affirmed the following ratings of Ladder Capital Finance
Holdings LLLP and Ladder Capital Finance Corporation:

-- Long-Term IDRs at 'BB';
-- $559.8 million senior unsecured notes at 'BB'.

Fitch has assigned the following expected rating:
-- $500 million senior unsecured notes 'BB(EXP)'.

The Rating Outlook is Stable.


LADDER CAPITAL: S&P Assigns 'B+' Rating on New $500MM Unsec. Bonds
------------------------------------------------------------------
S&P Global Ratings said it assigned a 'B+' rating to Ladder Capital
Finance Holdings LLLP's new $500 million unsecured bonds. S&P also
affirmed its 'BB-' issuer rating on Ladder.  The outlook remains
stable.

"Our ratings on Ladder reflect its concentration in commercial real
estate and its partial reliance on secured repurchase facilities
that have the potential for margin calls," said S&P Global Ratings
credit analyst Diogenes Mejia.  The company's conservative
management of its leverage and liquidity, its experienced
management team, and its access to borrowings from the Federal Home
Loan Bank system mitigate these risks.  This issuance will extend
the maturity of Ladder's current unsecured notes while further
unencumbering the balance sheet.  The notes require the company to
maintain total unencumbered assets of 120% of the aggregate
outstanding principal amount of the notes.

S&P's ratings on Ladder's senior unsecured debt are one notch lower
than the issuer credit rating because priority debt significantly
exceeds 30% of adjusted assets.

S&P's outlook on Ladder is stable.  S&P Global Ratings expects the
company to maintain conservative leverage consistent with its
target debt-to-equity ratio of 2x-3x, adequate liquidity, and good
stable asset performance across its investment portfolios, but with
some volatility in its conduit business.

S&P could lower its rating on the company over the next 12 months
if S&P expected it to consistently report leverage above 3.75x or
if leverage excluding investment-grade securities rises above
2.75x.  S&P could also lower the rating if the company becomes more
reliant on short-term funding and its stable funding ratio remains
below 90% for a prolonged period.

S&P could raise its rating on Ladder over the next 12 months if the
company significantly reduced leverage to near 1.5x debt to equity
and maintains strong asset performance, or further strengthens its
funding profile by reducing its reliance on short-term funding,
such as repurchase agreements, and increasing sources of long-term
stable funding.


LAKE WALKER COMMUNITY: Ombudsman Files Report on Facility
---------------------------------------------------------
Judy A. Robbins, the U.S. Trustee for Region 4, filed a February
21, 2017 Ombudsman Report before the U.S. Bankruptcy Court for the
District of Maryland for Lake Walker Community Health, LLC.

According to the report, Charlene Fitch, ombudsman, and Stevanne
Ellis, State Ombudsman, visited Lake Walker Assisted Living at 509
Walker Avenue, in Baltimore, Maryland on February 3, 2017.
Overall, the facility was neat, odor free, and the staff member was
friendly and helpful.  The Ombudsman Program will continue visits
at this facility on a regular basis.

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

     http://bankrupt.com/misc/mdb16-24337-43.pdf

                 About Lake Walker

Lake Walker Community Health, LLC, filed a Chapter 11 bankruptcy
petition (Bankr. D. Md. Case No. 16-24337) on October 28, 2016,
disclosing under $1 million in both assets and liabilities. The
Debtor is represented by Ronald J Drescher, Esq., at Drescher &
Associates, P.A..


LAKEWOOD DEVELOPMENT: US Trustee Opposes Approval of Plan Outline
-----------------------------------------------------------------
The U.S. trustee overseeing the Chapter 11 case of Lakewood
Development Company LLC asked a bankruptcy court to deny final
approval of the disclosure statement, which explains the company's
proposed Chapter 11 plan of reorganization.

In a filing with the U.S. Bankruptcy Court for the Western District
of Missouri, the bankruptcy watchdog argued that the document does
not contain "adequate information."

The U.S. trustee cited the company's failure to disclose the
transfer of as much as $200,000 it made to ICON Commercial Lending
Inc., which the agency sees as a "material asset of the bankruptcy
estate."

"The funds transferred to ICON may be recoverable and the treatment
of these funds should be addressed in the disclosure statement and
plan," the U.S. trustee said in the filing.

The agency also cited Lakewood's failure to disclose the treatment
of claim filed by one of its secured creditors, the company's past
efforts to develop or market its property, and the changes to its
financial situation resulting from an agreement to grant Bank
Northwest from stay as to the tract of land subject to its security
interest.

Under U.S. bankruptcy law, a company going through bankruptcy must
get approval of its disclosure statement to begin soliciting votes
for its Chapter 11 plan.  The document must contain sufficient
information to enable voting creditors to make an informed decision
about the plan.

Lakewood on Jan. 17 filed a disclosure statement and plan of
reorganization.  On Jan. 27, the court preliminarily approved the
disclosure statement and set a hearing for March 8.

The U.S. trustee is represented by:
  
     Lloyd E. Mueller, Esq.
     Trial Attorney
     Office of the U.S. Trustee
     400 East 9th St., Ste 3440
     Kansas City, MO 64106
     Telephone: (816) 512-1940
     Telecopier: (816) 512-1967
     Email: lloyd.e.mueller@usdoj.gov
  
             About Lakewood Development Company LLC

Lakewood Development Company LLC filed a Chapter 11 bankruptcy
petition (Bankr. w.D.MO. Case No. 16-50425) on October 17, 2016.
Hon. Cynthia A. Norton presides over the case. Krigel & Krigel, PC
represents the Debtor as counsel. The Debtor disclosed total assets
of $4.20 million and total liabilities of $2.42 million. The
petition was signed by Jerry AlanSigtist, managing partner.


LAST CALL: Needs Until June 6 to File Plan of Reorganization
------------------------------------------------------------
Last Call Guarantor, LLC and its affiliated debtors request the
U.S. Bankruptcy Court for the District of Delaware to extend the
period within which only the Debtors may file a plan of
reorganization, through and including June 6, 2017, and the period
within which only the Debtors may solicit acceptances of a plan of
reorganization, through and including August 7, 2017.

The Debtors contend that the complexity of these Chapter 11 Cases
unavoidably affects the progress of their reorganization efforts
and justifies an extension of the Exclusive Periods. In fact,
during the first several weeks of these Chapter 11 Cases, the
Debtors have fought to maintain their use of cash collateral, and
ultimately, they have secured the use of cash collateral, secured
postpetition financing and executed an expeditious, but successful,
sale process.

The Debtors tell the Court that due to their limited use of cash
collateral, limited financing, extensive negotiations with their
prepetition lenders, and expedited sale process and the condition
and nature of their business, the Debtors and the Purchaser
executed a sale transaction that contemplated the transition of the
business, including leases, contracts and liquor licenses, over
time on a post-closing basis.

To date, the Debtors also tell the Court that they continue to work
with the Purchaser to efficiently transition the business to the
Purchaser, and they continue to maintain material assets and
operations for the benefit of the Purchaser pending the transfer of
such assets and operations to the Purchaser.

Specifically, the Debtors currently hold or have been issued Liquor
Licenses that remain in effect, which authorize the respective
licensees to conduct retail sales of alcoholic beverages as set
forth in the Sale Order and the Final Purchase Agreement. Subject
to the transfer of those Liquor Licenses or the Purchaser acquiring
equivalent Liquor Licenses, the Debtors must maintain the Liquor
Licenses during the transition of ownership to the Purchaser to
allow the sale of alcoholic beverages to continue uninterrupted.

Accordingly, the Debtors submit that it is premature for the
Debtors to develop or negotiate an appropriate exit strategy for
these Cases with the ongoing transitioning of the business to the
Purchaser.

Moreover, the Debtors intend to use the requested extension of the
exclusive periods to complete the transition of their business to
the Purchaser and to consult with the Committee to formulate an
appropriate exit strategy for these Cases.


             About Last Call Guarantor, LLC.

Headquartered in Dallas, Texas, and with operations in 25 states,
Last Call Guarantor, LLC, et al., own and operate sports bar and
casual family-dining restaurants under three well-recognized
concepts, namely Fox & Hound, Bailey's Sports Grille, and Champps.

They operate 48 Fox & Hound locations, nine Bailey's locations, and
23 Champps locations.  They have franchise agreements with five
franchisees for Champps Restaurants.  The Company has more than
4,700 full and part-time employees.

On Aug. 10, 2016, each of Last Call Guarantor, LLC, Last Call
Holding Co. I, Inc., Last Call Operating Co. I, Inc., F&H
Restaurants IP, Inc., KS Last Call Inc., Last Call Holding Co. II,
Inc., Last Call Operating Co. II, Inc., Champps Restaurants IP,
Inc. and MD Last Call Inc. filed a Chapter 11 bankruptcy petition
(Bankr. D. Del. Case Nos. 16-11844 to 16-11852).  The petitions
were signed by Roy Messing, the CRO.

Last Call Guarantor estimated assets in the range of $10 million to
$50 million and liabilities of $100 million to $500 million.

Dennis A. Meloro, Esq., Nancy A. Mitchell, Esq., Nancy A. Peterman,
Esq., Matthew Hinker, Esq., and John D. Elrod, Esq., at Greenberg
Traurig, LLP, represent the Debtors as counsel; Epiq Systems, Inc.,
as claims and noticing agent; Newmark Midwest Region, LLC, dba
Newmark Grubb Knight Frank, as real estate consultant; and SSG
Advisors, LLC, as investment banker to the Debtors.

Judge Kevin Gross is assigned to the cases.

Andrew Vara, acting U.S. trustee for Region 3, on Aug. 23, 2016,
appointed seven creditors of Last Call Guarantor, LLC, et al., to
serve on the official committee of unsecured creditors.  The
Committee hired Pachulski Stang Ziehl & Jones LLP, to serve as
counsel.  Protiviti Inc. serves as the committee's financial
advisor.


LEADER INDUSTRIES: IRS Asks Court to Deny Disclosure Statement
--------------------------------------------------------------
The United States of America, on behalf of its agency the
Department of Treasury, Internal Revenue Service, objects to the
disclosure statement filed by Leader Industries, Inc.

On Dec. 8, 2016, the IRS filed a Proof of Claim in the total amount
of $197,479.24.  On Feb. 24, 2017, the IRS filed an Amended Proof
of Claim in the total amount of $158,142.07.  This Proof of Claim
consisted of a secured claim in the amount of $2,374.86; an
unsecured Priority Claim in the amount of $137,772.16; and a
general Unsecured Claim in the amount of $17,995.05.  The IRS also
filed an Administrative Claim in this case as Claim #12 in the
amount of $41,183.70.

The IRS complains that the Debtor's disclosure statement and plan
fail to provide for this claim entirely.

The Debtor also failed to properly provide for the IRS' secured and
priority claims as filed in their entirety and has furthermore
failed to provide for payment of interest on the claims as provided
under the code.

In addition, the taxpayer has unfiled returns for Form 941 for
Sept. 20, 2016, and Dec. 31, 2016. In addition, the Form 945 for
2015 and 2016 returns are unfiled. The Debtor has failed to timely
pay taxes owed after the date of the order for relief as shown in
the administrative claims.

The IRS suggests that the Debtor should not be allowed to
reschedule payment of his federal tax debts while simultaneously
disregarding his lawful obligation to file tax returns and apprise
the IRS on appropriate forms, signed under penalties of perjury, of
his true tax liabilities. Until the delinquent tax returns are
filed, it cannot be determined if the plan is feasible or complies
with the requirements of 11 U.S.C. section 1129.

Thus, the U.S., IRS, respectfully requests that approval of the
Debtor's Disclosure Statement as drafted be denied until Debtor
repairs the issues outlined.

The IRS is represented by:

     Steve Jordan, TN BPR #013291
     Assistant U.S. Attorney
     110 Ninth Avenue South, Suite A-961
     Nashville, TN 37203
     Telephone (615) 736-5151
     Facsimile (615) 401-6626
     Email: steve.jordan@usdoj.gov

                    About Leader Industries

Leader Industries, Inc., filed a Chapter 11 bankruptcy petition
(Bankr. M.D.Tenn. Case No. 16-08337) on November 21, 2016. Elliot
Warner Jones, Esq., at Emerge Law PLC serves as bankruptcy counsel.
Alexander Thompson Arnold PLLC serves as the Debtor's accountant.
The Debtor's assets and liabilities are both below $1 million.


LEGACY RESERVES: FMR and Abigail Johnson Have 14.9% Stake
---------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission on Feb. 13, 2017, FMR LLC and Abigail P. Johnson
reported that they are the beneficial owners of 10,881,742 shares
of common stock of Legacy Reserves representing 14.999% of the
shares outstanding.

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

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

                     https://is.gd/hgmZOg

                     About Legacy Reserves

Headquartered in Midland, Texas, Legacy Reserves L.P. is focused on
the acquisition and development of oil and natural gas properties
primarily located in the Permian Basin, East Texas, Rocky Mountain
and Mid-Continent regions of the United States.  The Company's
primary business objective has been to generate stable cash flows
to allow it to make cash distributions to its unitholders and to
support and increase quarterly cash distributions per unit over
time through a combination of acquisitions of new properties and
development of its existing oil and natural gas properties.

Legacy Reserves incurred a net loss attributable to unitholders of
$720.54 million in 2015, a net loss attributable to unitholders of
$295.33 million in 2014 and a net loss attributable to unitholders
of $35.27 million in 2013.

As of Dec. 31, 2016, Legacy Reserves had $1.29 billion in total
assets, $1.52 billion in total liabilities and a total partners'
deficit of $222.07 million.

                          *     *     *

As of Sept. 30, 2016, S&P Global Ratings said that it lowered its
corporate credit rating on Legacy Reserves to 'CCC' from 'B-'.  The
rating outlook is negative.  The downgrade reflects S&P's
expectation that the borrowing base on Legacy's revolving credit
facility could be lowered substantially at its redetermination in
October.

Legacy Reserves carries a 'Caa3' corporate family rating from
Moody's Investors Service.


LENSAR INC: Plan Confirmation Hearing Set for April 12
------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware is set to
hold a hearing on April 12, at 10:30 a.m., to consider confirmation
of the Chapter 11 plan of reorganization of Lensar, Inc.

Creditors have until April 3 to file their objections to the plan,
and cast their votes accepting or rejecting the plan.

Lensar's latest plan contemplates that general unsecured claims
will be paid in full.  Because the company is insolvent, existing
equity interests will be extinguished and holders of those
interests will not retain or receive any property.

The objective of the plan is to effect the restructuring of Lensar
whereby PDL Biopharma, Inc., the company's principal secured
creditor, accepts equity in the reorganized company in exchange for
the cancellation of $14,181,698 of its secured claim, according to
the latest disclosure statement filed on Feb. 23.

The Debtor also disclosed that the Court has entered a second
interim Order on the Cash Management Motion.  It is expected that
final relief will be granted at the omnibus hearing set for
February 28, 2017, pending receipt of certain information from
Silicon Valley Bank, where the Debtor's accounts are maintained.

A full-text copy of Lensar's latest disclosure statement is
available for free at:

                   https://is.gd/53x65X

                     About Lensar Inc.

Lensar, Inc. -- http://www.lensar.com/-- is involved in next
generation femtosecond laser technology for refractive cataract
surgery.  The LENSAR Laser System with Streamline II offers
cataract surgeons automation and customization of essential steps
of the refractive cataract surgery procedure with the highest
levels of precision, accuracy, and efficiency, while optimizing
overall visual outcomes.

The Debtor filed a chapter 11 petition (Bankr. Del. Case No.
16-12808) on Dec. 16, 2016.  The petition was signed by Nicholas T.
Curtis, chief executive officer.  The Debtor estimated $50 million
to $100 million in assets and liabilities.

Matthew Summers, Esq., at Ballard Spahr LLP, represents the Debtor.
Epiq Bankruptcy Solutions, LLC, serves as notice and claims agent
and administrative advisor.

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

On January 24, 2017, the Debtor filed a Chapter 11 plan of
reorganization and disclosure statement.  The plan, which proposes
to pay general unsecured creditors in full, will be funded through
exit loan to be provided by PDL Biopharma Inc. and cash on hand.


LIGHTSTONE HOLDCO: S&P Assigns 'BB-' Rating on $1.575BB Term Loan B
-------------------------------------------------------------------
S&P Global Ratings said it assigned its 'BB-' rating to Lightstone
HoldCo's $1.575 billion term loan B, $150 million term loan C, and
$100 million revolver.  The outlook is stable.  The recovery rating
is '1', reflecting S&P's expectation of very high (90%-100%;
rounded estimate; 95%) recovery in the event of default.

The 'BB-' rating on Lightstone is based on significant market
exposure due to an ongoing weak power pricing environment,
partially offset by participation in a robust capacity market and
strong operations.  The portfolio, owned jointly by affiliates of
ArcLight and Blackstone, consists of approximately 5.3 gigawatts
(GW) of capacity in the PJM Interconnection market.  Approximately
half of the capacity (and cash flows) are from the General James M
Gavin Power Plant, a coal plant, while the remainder is split
between combined cycle gas turbines (CCGTs) Lawrenceburg and
Waterford and combustion turbine (CT) Darby.

"The stable outlook reflects our expectation for sound operational
performance at all four plants, DSCRs above 1.55x throughout the
life of the assets, and power prices that do not decline materially
from our current expectations," said S&P Global Ratings credit
analyst Kimberly Yarborough.

S&P could lower the rating if DSCRs fall below 1.5x on a sustained
basis over the assumed refinance tenor.  This would likely be
caused by a sustained drop in power prices, unplanned operational
outages, and higher debt outstanding at refinancing.  This would
likely also coincide with a weaker downside case in which the
project fails to meet financial obligations for more than three
years.

While unlikely in the near term, S&P could raise the rating if
DSCRs materially improve above 2.2x on a sustained basis and the
downside performance improved materially.  This could be driven by
higher-than-expected capacity payments in uncleared periods or
higher spark spreads.



LILY ROBOTICS: Files for Ch 11 After Failing to Market Drone Camera
-------------------------------------------------------------------
Vince Sullivan, writing for Bankruptcy Law360, reports that Lily
Robotics, Inc., filed for Chapter 11 protection after its
prototypes for the self-navigating flying Lily Camera developed
flaws that kept it off the market for the past three years.

According to Law360, the Debtor plans to pay refunds to its clients
that preordered the machines through an intellectual property
auction.

Based Atherton, California, Lily Robotics, Inc., develops a
throw-and-shoot camera that captures pictures and videos from the
skies.  Its camera flies and uses GPS and computer vision to follow
user's adventure activities.  The company sells its products
through its Website internationally.

Lily Robotics filed for Chapter 11 bankruptcy protection (Bankr. D.
Del. Case No. 17-10426) on Feb. 27, 2017, disclosing $32.99 million
in total assets as of Dec. 31, 2016, and $37.53 million in total
liabilities as of Dec. 31, 2016.  The petition was signed by
Spencer L. Wells, director.

Judge Kevin J. Carey presides over the case.

Robert J. Dehney, Esq., Andrew R. Remming, Esq., and Marcy J.
McLaughlin, Esq., at Morris, Nichols, Arsht & Tunnell LLP; Laura
Metzger, Esq., and Jennifer Asher, Esq., and Douglas S. Mintz,
Esq., at Orrick Herrington & Sutcliffe LLP serve as the Debtor's
bankruptcy counsel.

Goldin Associates, LLC, is the Debtor's restructuring advisor.

Prime Clerk LLC is the Debtor's claims and noticing agent.


LILY ROBOTICS: March 14 Meeting Set to Form Creditors' Panel
------------------------------------------------------------
Andy Vara, Acting United States Trustee for Region 3, will hold an
organizational meeting on March 14, 2017, at 10:00 a.m. in the
bankruptcy case of Lily Robotics, Inc.

The meeting will be held at:

               The Doubletree Hotel
               700 King Street
               Wilmington, DE 19801

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' case.

The organizational meeting is not the meeting of creditors pursuant
to Section 341 of the Bankruptcy Code.  A representative of the
Debtor, however, may attend the Organizational Meeting, and provide
background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States Trustee
appoint a committee of unsecured creditors as soon as practicable.
The Committee ordinarily consists of the persons, willing to serve,
that hold the seven largest unsecured claims against the debtor of
the kinds represented on the committee.

Section 1103 of the Bankruptcy Code provides that the Committee may
consult with the debtor, investigate the debtor and its business
operations and participate in the formulation of a plan of
reorganization.  The Committee may also perform other services as
are in the interests of the unsecured creditors whom it
represents.

                 About Lily Robotics

Based in Ahterton, California, Lily Robotics, Inc. filed for
bankruptcy protection (Bankr. D. Del., Case No. 17-10426) on
February 27, 2017.  The petition was signed by Spencer L. Wells,
director.  The Company develops a throw-and-shoot camera that
captures pictures and videos from the skies.  Hon. Kevin J. Carey
presides over the case.     

The Company listed $32.99 million in assets and $37.53 million as
of December 31, 2016.

Morris, Nichols, Arsht & Tunnell LLP and Orrick, Herrington &
Sutcliffe LLP represent the Debtor.  Goldin Associates LLC serves
as the Debtor's restructuring advisor and Prime Clerk LLC acts as
the Debtor's claims and noticing agent.



LILY ROBOTICS: Winding Down in Chapter 11; To Refund Deposits
-------------------------------------------------------------
Lily Robotics, Inc., a startup company that develops a
throw-and-shoot camera that captures pictures and videos from the
skies, has filed a voluntary petition under Chapter 11 of the
Bankruptcy Code after shutting down its business.  The case is
pending before the Hon. Kevin J. Carey in the U.S. Bankruptcy Court
for the District of Delaware.

Owing more than $30 million to its creditors, Lily intends to take
advantage of the "breathing room" afforded by Chapter 11 to
continue the wind down process without the threat of state
intervention.

The District Attorney for the City and County of San Francisco in
the Superior Court of the State of California, City and County of
San Francisco, initiated a case entitled People of the State of
California v. Lily Robotics, Inc. et al., Case No. (CGC-17-556365)
on Jan. 11, 2017, asserting claims arising from Lily’s failure to
deliver the Lily Camera to its customers.  The Superior Court of
California, San Francisco Division heard argument on the District
Attorney's motion for a temporary restraining order on Jan. 12,
2017, and granted a modified version of the requested order.

According to Chief Restructuring Officer Curtis G. Solsvig III, a
wide range of flaws prevented the Debtor from delivering the camera
to the market. In early 2015, the Debtor launched a pre-order
campaign for the Lily Camera taking $34.8 million in pre-sales from
more than 60,000 customers in 80 countries, vastly exceeding their
projections.  "With so many expectant customers, so much hype, and
so little experience, the pressure mounted," Mr. Solsvig
maintained.

By the end of 2016, the Debtor still had not perfected the product;
the financing market had dried up, and the Debtor started to
explore strategic alternatives. It sought a buyer in the Fall of
2016, but that market evaporated quickly, as disclosed in the
bankruptcy filing.

In late 2016, recognizing that it had run out time, management
announced to its staff that it was going to wind down its
operations and that the employees would be terminated. The Debtor
made a public announcement on Jan. 10, 2017, of its intention to
wind down and refund the remaining customer pre-order funds.

To fund customer pre-order refunds, the Debtor transferred
approximately $3.9 million to its external refund vendor Tilt over
the period August 2016 to January 2017. Also to fund customer
pre-order refunds, the Debtor transferred approximately $16.5
million to Stripe in January 2017. To ensure that no customers are
harmed in this process, the Debtor will seek to refund the
segregated customer cash as soon as possible — with the Court’s
approval.

The Debtor will pursue an auction of its intellectual property, to
complete a sale transaction, and to wind down its estate in an
orderly fashion. The Debtor said it has received indications of
interest from a number of potential buyers of its intellectual
property portfolio and believes that its planned 363 sale will
realize value from the portfolio. Due to the potential loss of
value to the IP if it goes stale, the Debtor hopes to expedite the
closing of any transaction.

Lily intends to seek a wind-down plan to distribute its remaining
assets to creditors after a sale process is complete. To ensure
that its assets realize a maximum return from a transaction, the
Debtor believes that it must maintain certain operations as it
winds down.

In addition, the Debtor requests authorization to obtain a
super-priority postpetition financing consisting of a term loan in
a principal amount of up to $3,027,000 and to use cash collateral
as necessary and as provided in the budget during the course of the
Chapter 11 case.

Founded in 2013 by two students from University of California,
Berkeley, Lily had the goal of developing a fully autonomous flying
camera.  The founders self-funded the early stages of their
operations with approximately $30,000 and secured approximately
$1.1 million in seed financing, led by Shana Fisher and including
investors SV Angel, Upside Partnership, Slow Ventures, and Kevin
Mahaffey.  The Debtor partnered with GoerTek Electronics Co., Ltd.,
a contract manufacturer headquartered in Weifang, China, to produce
and manufacture the Lily Camera.

Lily customers that pre-ordered a Lily Camera and are awaiting a
refund of their deposit are directed to visit https://is.gd/7XoPpX
to submit their current email and mailing address to facilitate the
refund of their deposit.  The Company does not have a time frame
for payments at the present time.  Customers are also directed to
call 844-597-1421 (toll free) or 917-258-6101 (international) or
email lilyroboticsinfo@primeclerk.com for any other questions.

Morris, Nichols, Arsht & Tunnell LLP and Orrick Herrington &
Sutcliffe LLP serve as counsel to the Debtor. Goldin Associates,
LLC serves as financial advisor to the Debtor. Prime Clerk LLC acts
as the Debtor’s claims and noticing agent.


LSB INDUSTRIES: Releases Fourth Quarter Financial Result of 2016
----------------------------------------------------------------
In its Current Report Form 8-K filed with the U.S. Securities and
Exchange Commission on Feb. 27, 2017, LSB Industries, Inc. issued a
press release to report its financial results for the fourth
quarter and year ended December 31, 2016.

The Company o February 28, 2017, at 10:00 a.m. (Eastern time) /
9:00 a.m. (Central time), held a conference call broadcast live
over the Internet to discuss the financial results of the fourth
quarter and year ended December 31, 2016.

Fourth quarter highlights include:


   * Net sales from continuing operations of $85.4 million for the
fourth quarter of 2016 compared to $90.0 million for the fourth
quarter of 2015

   * EBITDA and adjusted EBITDA from continuing operations of $2.1
million and $2.8 million, respectively for the fourth quarter of
2016 compared to EBITDA loss and adjusted EBITDA loss from
continuing operations of $3.9 million and $2.5 million,
respectively for the fourth quarter of 2015

   * Operating loss from continuing operations of $18.1 million;
adjusted operating loss from continuing operations of $15.8
million

   * Net loss from continuing operations applicable to common
shareholders of $32.3 million, or $1.19 loss per diluted share;
adjusted net loss from continuing operations applicable to common
shareholders(1) of $30.9 million, or $1.14 loss per diluted share

"Our results for the fourth quarter of 2016 showed sequential
improvement despite downtime that carried over from the third
quarter related to previously disclosed issues," stated Daniel
Greenwell, LSB's President and CEO.  "Our financial performance
during the period is reflective of efforts in 2016 to increase our
production and improve on-stream rates at our three primary
facilities, coupled with the incremental output from the new
ammonia plant at El Dorado."

"Our Cherokee and Pryor ammonia plants operated at on-stream rates
of approximately 100% and 97%, respectively, for November and
December, and both plants operated at an on-stream rate of 98% or
better for the past four months. We expect this to continue
throughout 2017."

"El Dorado's ammonia on-stream rate continues to improve with the
fourth quarter of 2016 increasing over third quarter of 2016. We
continued this trend into the first quarter of 2017 with on-stream
rates for the first two months of 2017 increasing to 84%. We are
very encouraged by the performance of our new plant as it is
consistently producing at rates in excess of 1,300 tons per day
which is a meaningful increase over the plant's nameplate capacity
of 1,150 tons per day.  With respect to the previously disclosed
issue with El Dorado's primary nitric acid plant's nitrous oxide
abatement vessel, we completed the bypass system in mid-December
and it has been operating at full rates since that time. The design
of a new nitrous oxide abatement vessel is underway and we expect a
new vessel to be installed and operational by the second quarter of
2018; the end date of our temporary permit."

Mr. Greenwell continued, "Selling prices for our agricultural
products remained substantially lower than the prior year fourth
quarter, however late in the quarter, we did see some improvement
in selling prices ahead of the spring planting season. We've seen
that strong trend continue into the first quarter of 2017 and we
expect this seasonal uplift to persist throughout the spring
planting season. Still, we are anticipating selling prices of
agriculture products to remain low relative to the past several
years due to the new ammonia production and capacity upgrades that
recently started operations or are expected to come online over the
next few quarters. However, by late 2017 or early 2018, we
anticipate a more sustained strengthening of pricing as the
domestic and export markets absorb the new production volume."

"Demand for our agricultural products for spring applications has
been strong, with the UAN production capacity at both our Pryor and
Cherokee facilities sold out through the end of April and May,
respectively. Additionally, our previously outlined strategy to
increase sales of high density ammonium nitrate (HDAN) is working.
Sales of HDAN were up significantly in the fourth quarter versus
the same period last year and we currently have a significant HDAN
order book running into the second quarter of 2017. We anticipate
this trend will continue and we plan to position product in our
storage facilities later this year in anticipation of further
growth in HDAN demand in 2018. Finally, demand for the nitric acid
and ammonia for industrial markets has been increasing and we
expect it will continue to rise, reflecting the ongoing moderate
improvement in the U.S. economy."

Mr. Greenwell concluded, "Overall, we are optimistic about the
prospects for material year-over-year performance improvement in
2017. We've achieved our previously articulated SG&A savings
objectives by reducing corporate overhead by more than $6 million,
and believe that we can extract a similar amount of cost at the
plant level over the course of this year. The refinancing actions
we completed in the third quarter of 2016 provided us with
increased financial flexibility and will result in a meaningful
reduction in full year interest expense for the current year versus
last. These factors, combined with our expectation that our
facilities can sustain their current rates of production give us
confidence in our ability to deliver a substantial year-over-year
improvement in financial results for 2017."

            Financial Position and Capital Additions

As of December 31, 2016, the Company's total cash position was
$60.0 million.  Additionally, it had approximately $35.6 million of
borrowing availability under the Working Capital Revolver.

Total long-term debt, including the current portion was $420.2
million at December 31, 2016 compared to $520.4 million at December
31, 2015.  In July 2016, the Company received net cash proceeds of
approximately $351 million from the sale of the Climate Control
Business (an additional $7 million of proceeds was received in
October 2016).  In September 2016, holders of its Senior Secured
Notes agreed to allow us to redeem a portion of the Series E
Redeemable Preferred and to redeem a portion of the Senior Secured
Notes and all of the 12% Senior Secured Notes.  In September 2016,
the Company used $80 million to redeem a portion of the Series E
Redeemable Preferred (including accumulated dividends and
participation rights value).  The aggregate liquidation value of
the Series E Redeemable Preferred at December 31, 2016, inclusive
of accrued dividends of $22.0 million, was $161.8 million.

In October 2016, the Company used approximately $107 million to
redeem $50 million of the 7.75% Senior Secured Notes and all $50
million of the 12% Senior Secured Notes (including accrued interest
and the redemption prices).  At December 31, 2016, the Company had
$375 million of Senior Secured Notes at 8.5% and approximately $53
million of other debt outstanding.  The Company expects annual
interest going forward, on the current level of debt to be between
$33 million and $35 million.

The Company's Working Capital Revolver Loan was undrawn at December
31, 2016.  Borrowing availability, which is tied to eligible
accounts receivable and inventories, was approximately $35.6
million at December 31, 2016.  As a result of the sale of our
Climate Control Business, in January 2017, we entered into an
amended and restated loan and security agreement ("The Amendment")
with Wells Fargo Capital Finance, LLC reducing our total revolver
commitments from $100 million to $50 million and extending the
maturity date of the Working Capital Revolver Loan to January 17,
2022, with a springing earlier maturity date (the "Springing
Maturity Date") that is 90 days prior to August 1, 2019 (the
maturity date our "Senior Secured Notes"), to the extent the Senior
Secured Notes are not refinanced or repaid prior to the Springing
Maturity Date.

Interest expense, net of capitalized interest, for the fourth
quarter of 2016 was $9.8 million compared to $0.9 million for the
same period in 2015. The capitalization of interest related to
capital additions made to the El Dorado Facility ceased when the
Facility's new ammonia plant went into service in May 2016.

Capital additions were approximately $11.3 million in the fourth
quarter of 2016.  Planned capital additions for the first quarter
of 2017, are estimated to be approximately $8 million.  For the
full year of 2017, total capital additions which are related to
maintaining and enhancing safety and reliability at our facilities
are expected to be between $30 million and $35 million.  With the
finalization of the El Dorado expansion and the sale of the Climate
Control Business, we expect depreciation and amortization to be
between $65 million and $70 million for 2017.

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

                        https://is.gd/jGfVwg

                       About LSB Industries

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

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

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

                         *    *    *

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

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


LTS NUTRACEUTICALS: Suspending Filing of Reports with SEC
---------------------------------------------------------
LTS Nutraceuticals, Inc. filed a Form 15 with the U.S. Securities
and Exchange Commission notifying the suspension of its duty to
file reports with respect to its common stock.  As of Feb. 27,
2017, there were 65 holders of record of the Company's common
shares.

                    About LTS Nutraceuticals

Ft. Lauderdale, Fla.-based LTS Nutraceuticals, Inc., develops and
sells high-quality nutritional products that are distributed
throughout North America through a network marketing system, which
is a form of direct selling.

The Company reported a net loss of $2.96 million on $1.75 million
of net sales for the nine months ended Sept. 30, 2011, compared
with a net loss of $471,235 on $997,657 of net sales for the same
period a year ago.

The Company's balance sheet at Sept. 30, 2011, showed
$3.48 million in total assets, $8.03 million in total liabilities,
and a $4.55 million total stockholders' deficiency.

On Nov. 10, 2011, the Company had $37,633 in cash.  The current
operating plan indicates that losses from operations may be
incurred for all of fiscal 2011.  Consequently the Company said it
may not have sufficient liquidity necessary to sustain operations
for the next twelve months and this raises substantial doubt that
the Company will be able to continue as a going concern.


MADISON MAIDENS: Settlements Allow Implementation of Amended Plan
-----------------------------------------------------------------
Madison Maidens, Inc., filed with the U.S. Bankruptcy Court for the
Southern District of New York a disclosure statement for its
amended chapter 11 plan of reorganization filed on Feb. 24, 2017, a
full-text copy of which is available at:

         http://bankrupt.com/misc/nysb16-13130-53.pdf

During the Chapter 11 case, the Debtor settled its disputes with
Giant Chanel and Belk, Inc.

Postpetition, the Debtor reached an agreement with Giant Channel
regarding the amount of the Giant Channel claim.  The stipulation,
which is subject to approval by the Bankruptcy Court, reduces the
Giant Channel claim from $11,510,606.92, the amount asserted by
Giant Channel, to $975,000.  At about the same time, the Debtor
reached a settlement with Belk, Inc., one of its customers,
regarding offsets asserted by Belk against amounts owed the Debtor
that tied up nearly $100,000 payments to the Debtor.

These settlements permit the Debtor to propose and implement this
Plan, which provides for the prompt payment in full of creditor
claims, while litigation could substantially delay the date on
which a plan could be proposed and confirmed. Accordingly, the
Debtor takes the position that approval of the settlements is in
the best interests of creditors.

Class 2 under the plan consists of all General Unsecured Claims.
Promptly following the Effective Date, each Holder of an Allowed
General Unsecured Claim against the Debtor will receive payment
equal to 100 cents on the dollar.

The Debtor estimates that the number of creditors in this Class is
approximately 12 and the amount of Allowed General Unsecured Claims
as of the Effective Date will be approximately $1.4 million (after
giving effect to the settlement of the Giant Channel Claim. Class 2
is unimpaired.

The initial plan specified that Class 2 is impaired.

Cash necessary for the making of payments to creditors of the
Debtor pursuant to the Plan will be funded from the cash generated
by the Debtor's operations.

                 About Madison Maidens

Madison Maidens, Inc. is an intimate apparel wholesale company that
sells its products under the Jones New York license to stores in
the USA and Canada.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D.N.Y. Case No. 16-13130) on November 10,
2016. The petition was signed by Steven Kattan, president.

The case is assigned to Judge Stuart M. Bernstein.

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


MARION AVENUE: Plan Confirmation Hearing Set for April 11
---------------------------------------------------------
Judge James L. Garrity, Jr., of the U.S. Bankruptcy Court for the
Southern District of New York approved the amended disclosure
statement filed by Marion Avenue Management LLC in support of its
chapter 11 plan.

The hearing to consider confirmation of the Plan will be held
before the Hon. James L. Garrity, Jr. at the U.S. Bankruptcy Court
for the Southern District of New York, One Bowling Green, Courtroom
601, in New York, New York, 10004, on April 11, 2017, at 10:00
a.m.

Written objections, if any, to confirmation of the Plan will be
filed on or before 5:00 p.m., prevailing Eastern time, April 4,
2017.

The Troubled Company Reporter previously reported that Class 4
consists of the unliquidated personal injury tort claim filed by
Franklin Morales.  This claim is purely estimated and has not yet
been liquidated.  Following conclusion of the Declaratory Judgment
Action, the final amount of the Class 4 claim will be fixed in the
state court in connection with the trial on damages in the Personal
Injury Action.

For purposes of the claims resolution process, confirmation of the
Plan will be deemed a continuing objection by the Debtor to the
final allowance of the Class 4 claim until the damages are fixed in
the state court by a final order or judgment.  After a final
determination of the Class 4 claim in the state court, Mr. Morales
will be paid first from available insurance proceeds, if any.

If, at the conclusion of the Personal Injury Action, the amount of
Mr. Morales Class 4 Claim is greater than the available insurance
proceeds, the balance due will be paid by the Debtor through a
refinance of the Property. The Class 4 Claim of Morales is deemed
impaired.

The payments of Administrative Expenses and Class 1, 2, and 3
Claims shall be made from operating income and other contributors
of equity holder.

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

         http://bankrupt.com/misc/nysb16-10213-43.pdf

            About Marion Avenue Management

Headquartered in New York, Marion Avenue Management LLC owns
certain commercial real property located at 314-326 East 194th
Street, Bronx, New York, with seven commercial tenants. It filed
for Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case No.
16-10213) on Jan. 29, 2016, listing $2.01 million in total assets
and $554,169 in total liabilities. The petition was signed by Sion
Sohayegh, manager.

Judge James L. Garrity, Jr., presides over the case.

Ted Donovan, Jr., Esq., and Kevin J. Nash, Esq., at Goldberg
Weprin Finkel Goldstein LLP serve as the Debtor's bankruptcy
counsel.


MARYLAND HEALTH: Fitch Withdraws BB+ Rating on 2010 Revenue Bonds
-----------------------------------------------------------------
Fitch Ratings has withdrawn its ratings for the following bonds due
to prerefunding activity:

-- Maryland Health & Higher Educational Facilities Authority (MD)
    (Doctors Community Hospital) revenue refunding bonds series
    2010 (prerefunded maturities only - 5742176Y6, 5742176W0,
    574218C76). Previous Rating: 'BB+'/Rating Outlook Stable;

-- South Coast Water District (CA) general obligation refunding
    bonds series 2011A (prerefunded maturities only - 837433DA6).
    Previous Rating: 'AAA'/Rating Outlook Stable.


MELISSA DEMARCO: Montano Buying Camarillo Property for $1.6M
------------------------------------------------------------
Melissa DeMarco asks the U.S. Bankruptcy Court for the Central
District of California to authorize the sale of residential real
property located at 5396 Calarosa Ranch Road, Camarillo,
California, 93012 (APN 173-0-070-015) ("Residence"), Juli Montano
for $1,575,000,

A hearing on the Motion is set for March 22, 2017 at 10:00 a.m.

The Case follows from the pending divorce of the Debtor and her
estranged husband, Robert DeMarco (Robert DeMarco v. Melissa
DeMarco, Ventura County Superior Court Case No. D334063), and the
enormous cost attributable to pending litigation concerning certain
rights in and relating to the stream of income of Robert DeMarco
and DeMarco Productions, Inc., and certain music based intellectual
property rights arising during the course of their long standing
marriage, among other things.

The Chapter 11 Case, but for the amount of secured or unsecured
debt would have been filed as a Chapter 13 Case.  It was the
intention of the Debtor, through counsel, to operate the Chapter 11
Case as a "Baby 11," such in the course of confirmation of the
Debtor's Chapter 11 Plan, she sought and obtained an order valuing
the Residence at about $1,350,000.  As of confirmation of the
Chapter 11 Plan there was a deed of trust owing to Union Bank of
California ("UBOC") in the amount of approximately $1,389,246
(including $1,275,411 of principal; $30,356 of interest; and $2,823
of late charges; advances for the real property taxes owing to
Ventura County in the amount of $67,293; and $12,895 in foreclosure
fees and costs).  There was a deed of trust recorded against the
Residence securing a note owing to National City Bank ("NCB"), as
predecessor in interest to PNC Bank, in the approximate amount of
$342,727 for which no claim was filed.  Pinnacle at Camarillo HOA
recorded a homeowners association lien against the Residence in the
amount of $1,800, but did not file a claim in the Case.  A lien was
recorded by the California Franchise Tax Board ("FTB") in the
approximate amount of $29,175.  With a valuation of the Residence
at approximately $1,350,000, each of the junior recorded liens and
deed of trust was deemed at confirmation to be wholly unsecured
under 11 U.S.C. Section 506(a), and paid under the Plan
accordingly.

The Estimated Costs of Sale for which Debtor is responsible are:

                                            Residence

       Description           Party Name          Amount      
Proceeds           Source
     Sale Price             Juli Montano      $1,575,000    
$1,575,000      Purchase Agreement
     Prorations/Adjs        Prop Tax/HOA      $        0    
$1,575,000      Estimated Closing
     Seller's Agent         C-21 Troop        $   55,125    
$1,519,875      Estimated Closing
     Buyer's Agent          Harcourt          $   39,375    
$1,480,500      Estimated Closing
     Title Charges          Fees and Taxes    $    4,923    
$1,475,577      Estimated Closing
     Escrow Charges         All Valley Escrw  $    3,550    
$1,472,027      Estimated Closing
     First Lien                 UBOC          $1,353,471     $
118,5556      Estimated Closing
     Second Lien            PNC Bank          $  108,208     $  
10,347      Estimated Closing
     Property Taxes         Ventura County    $   10,481    ($     
134)     Estimated Closing
     Add'l Disburs          Various           $    3,833    ($   
3,967)     Estimated Closing
     Total Lien Payoff and Costs of Sale                    
$1,578,967

The Debtor and the Purchaser entered into a Residential Purchase
Agreement, dated Dec. 7, 2016.

A copy of the Agreement, UBOC payoff demand, PNC payoff demand and
the IRS Lien attached to the Notice is available for free at:

        http://bankrupt.com/misc/Melissa_DeMarco_286_Sales.pdf

In the course of the Chapter 11 case, and in preparation for the
Motion, the Debtor spoke with local Realtors, researched the local
listings of pending sales and closed sales and, as a homeowner,
determined the fair market value of the Residence to be
approximately $1,575,000, consistent with the sale price set forth.


The sale of the Residence relieves the Debtor of the continuing
Plan obligation to pay UBOC monthly for the regular monthly
mortgage payment, as well as the cure payments, eliminates my
obligation to pay Ventura County for real property taxes, along
with the monthly costs of maintenance and upkeep for the Residence.
Therefore, the sale of the Residence is in furtherance of the
Debtor's effective reorganization.  Accordingly, the Debtor asks
the Court to approve the sale of Residence to the Purchaser free
and clear of all liens, claims or interests; and authorize to pay
the Estimated Costs of the Sale.

Even though Debtor has set the Motion on the Court's calendar for
March 22, 2017, time is of the essence, where the Buyer desires to
close after much delay and, through counsel has made demand for
performance, but, as well, the holder of the first on the
Residence, UBOC, has relief from stay and desires to foreclose,
such that Debtor will seek an order shortening time to have the
Motion heard as early as the Court may hear the matter, which
shortened notice will not prejudice any of the parties, as UBOC
will be paid in full and PNC Mortgage will receive only what it is
entitled to receive as provided in the confirmed Chapter 11 Plan.

Melissa DeMarco sought Chapter 11 protection (Bankr. C.D. Cal. Case
No. 13-11112) on April 29, 2013.

Attorneys for Reorganized Debtor, Melissa DeMarco:

          Louis J. Esbin, Esq.
          LAW OFFICES OF LOUIS J. ESBIN
          25129 The Old Road, Suite 114
          Stevenson Ranch, California 91381
          Tel: 661-254-5050
          Fax: 661-254-5252
          E-mail: Esbinlaw@sbcglobal.net


METROPOLITAN NYC: Taps Gregory Messer as New Legal Counsel
----------------------------------------------------------
Metropolitan NYC Holdings, Corp. seeks approval from the U.S.
Bankruptcy Court for the Eastern District of New York to hire a new
legal counsel.

The Debtor proposes to hire the Law Office of Gregory Messer to
give legal advice regarding its duties under the Bankruptcy Code,
negotiate with creditors, assist in the preparation of a bankruptcy
plan, and provide other legal services.  The firm will replace
Steinberg & Associates, Esqs.

Gregory Messer, Esq., the attorney who will have primary
responsibility for representing the Debtor, will charge an hourly
rate of $575.  He will be assisted by Joel Alan Gaffney, Esq., an
associate, who will charge $350 per hour.

Mr. Messer disclosed in a court filing that his firm is a
"disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Gregory Messer, Esq.
     Law Offices of Gregory Messer
     26 Court Street, Suite 2400
     Brooklyn, NY 11242
     Phone: (718) 858-1474

                 About Metropolitan NYC Holdings

Metropolitan NYC Holdings, Corp. sought protection under Chapter 11
of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 17-40263) on
January 23, 2017.  The petition was signed by Gene Burshtein,
owner.  

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

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


MIX 1 LIFE: James S Tonkin and Lee Coleman Resign as Directors
--------------------------------------------------------------
In its Current Report Form 8-K filed with the US Securities and
Exchange Commission on February 20, 2017, James S Tonkin resigned
from his position as a member of the Board of Directors of Mix 1
Life, Inc. Mr. Tonkin's resignation did not involve any
disagreement with the Company on any matter relating to the
Company's operations, policies, practices, or otherwise.

On Feb. 21, 2017, Lee Coleman resigned from his position as a
member of the Board of Directors of the Company. Mr. Coleman's
resignation did not involve any disagreement with the Company on
any matter relating to the Company's operations, policies,
practices, or otherwise.

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

                               https://is.gd/zBoICK

                                About Mix 1 Life

Mix 1 Life, Inc., formerly Antaga International Corp, was
incorporated under the laws of the State of Nevada, U.S. on June
10, 2009.  The Company's operations are based in Scottsdale,
Arizona.

On Aug. 27, 2013, Antaga International Corp. entered into a
Definitive Agreement with Mix1 LLC, an Arizona corporation, under
which the Company acquired 100% of certain assets owned by Mix in
exchange for 3,333,333, post reverse, newly issued shares of common
stock in the Company.

Mix 1 is an emerging beverage and nutritional supplements company
currently with a product line of natural, ready-to-drink protein
shakes.  The Company's shakes offer a complete and balanced
macronutrient mix and are intended to be consumed as a post work
out, snack replacement, meal supplement or a meal replacement.  Mix
1 beverages have a high protein content (on average 26 grams per
serving) and are unique due to their fruit-based flavors,
relatively low calorie count and superior taste.  The Company's
shakes have a twelve month shelf life with no need for
refrigeration and are currently served in a twelve ounce PET
(polyethylene terephthalate) bottle.

As of May 31, 2016, Mix 1 Life had $20.97 million in total assets,
$8.16 million in total liabilities and $12.81 million in total
shareholders' equity.

The Company reported a net loss of $17.7 million for the year ended
Aug. 31, 2015, compared to a net loss of $1.99 million for the year
ended Aug. 31, 2014.

KWCO, PC, in Odessa, TX, the Company's independent accounting firm,
issued a "going concern" qualification on the consolidated
financial statements for the year ended Aug. 31, 2015, citing that
the Company's operating losses since inception raise substantial
doubt about its ability to continue as a going concern.


MOTORS LIQUIDATION: Appeal to Lift Stay on Tire Lawsuit Snubbed
---------------------------------------------------------------
Alex Wolf, writing for Bankruptcy Law360, reports that U.S.
District Judge Ronnie Abrams refused to hear an appeal of an April
2016 court order staying a defective tire product liability claim
brought by a couple against General Motors in Georgia state court.

Judge Abrams, according to Law360, said that a bankruptcy court
properly retained jurisdiction to interpret and enforce GM's
bankruptcy sale and apply a litigation stay.

                    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.


MOTORS LIQUIDATION: Copyright & Software Theft Suit Continues
-------------------------------------------------------------
John Kennedy, writing for Bankruptcy Law360, reports that U.S.
District Judge Victoria A. Roberts has denied Dorman Products Inc.
and Electronics Remanufacturing Company LLC's partial dismissal
motion, finding that General Motors LLC and GM Global Technology
Operations LLC had sufficiently shown Dorman and ERC stole
copyrighted software and sold it to the public.

In another report by Emily Field of Law360, General Motors and a
consolidated group of GM car buyers have started trying to convince
the U.S. Bankruptcy Court for the Southern District of New York on
how it should interpret a Second Circuit ruling in 2016 that
resurrected previously barred liability claims against the company
related to ignition switch defects.

                   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.


MOULTON PROPERTIES: Unsecureds to be Paid in Full Under Exit Plan
-----------------------------------------------------------------
Unsecured creditors of Moulton Properties Holdings, LLC, will
receive full payment of their claims under the company's latest
plan to exit Chapter 11 protection.

The plan proposes to pay in full the company's trade creditors,
which hold Class 11 general unsecured claims.  These creditors
assert a total of $13,042 in claims.

The restructuring plan proposes to sell or refinance the company's
1.4377-acre real property located at 1300 N. Palafox Street, and
0.725-acre real property located at 5400 Lillian Highway, in
Pensacola, Florida, during a period not to exceed 48 months from
the confirmation of the plan.

Moulton will use the proceeds from the sale or refinancing of the
properties to fund payments under the plan.  Other sources of funds
include the company's monthly net income and equity new value
contribution, according to its disclosure statement filed on Feb.
23.

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

               https://is.gd/rcgEcl

Moulton is represented by:

     Steven L. Beiley, Esq.
     Samuel J. Capuano, Esq.
     Aaronson Schantz Beiley P.A.
     Miami Tower
     100 SE 2nd Street, 27th Floor
     Miami, FL 33131
     Tel: 786-594-3000
     Fax: 305-424-9336
     Email: sbeiley@aspalaw.com
     Email: scapuano@aspalaw.com

               About Moulton Properties Holdings

Moulton Properties Holdings, LLC is a Florida-based limited
liability company organized in 2014 that manages and develops real
property.  The Debtor is 100% owned by Moulton Properties Inc.,
which is owned by 40% by James Moulton, 40% by Robert Moulton, and
20% by Strategica Capital Associates, Inc.  James Moulton passed
away in August 2016.  Mr. Moulton's surviving daughter Mary Moulton
is the authorized corporate representative of Moulton Properties
Inc.

The Debtor filed a chapter 11 petition (Bankr. N.D. Fla. Case No.
15-31131) on November 16, 2015. The petition was signed by Mary E.
Moulton, manager.  The Debtor estimated assets and liabilities at
$1 million to $10 million at the time of the filing.  Steven L.
Beiley, Esq., at Aaronson Schantz Beiley P.A., represents the
Debtor.

The Debtor filed its initial Chapter 11 plan of reorganization on
September 6, 2016, and an amended Plan on February 23, 2017.


MURRAY ENERGY: Moody's Puts Caa2 CFR on Review for Upgrade
----------------------------------------------------------
Moody's Investors Service placed all ratings of Murray Energy
Corporation on review for upgrade, including the Corporate Family
Rating (CFR) of Caa2, Probability of Default Rating (PDR) of
Caa2-PD, and the Caa1 rating on the first-lien term loan.

Issuer: Murray Energy Corporation

On Review for Upgrade:

-- Corporate Family Rating, Placed on Review for Upgrade,
    currently Caa2

-- Probability of Default Rating, Placed on Review for Upgrade,
    currently Caa2-PD

-- Senior Secured Bank Credit Facilities, Placed on Review for
    Upgrade, currently Caa1 (LGD3)

-- Senior Secured Bank Credit Facility, Placed on Review for
    Upgrade, currently Caa2 (LGD2)

-- Senior Secured Regular Bond/Debenture, Placed on Review for
    Upgrade, currently Caa3 (LGD5)

Outlook Actions:

-- Outlook, Changed To Rating Under Review From Stable

RATINGS RATIONALE

The review was initiated in response to the announcement that the
company intends to contribute approximately $60 million in cash to
Foresight Energy LLC (rated B3 stable) in the form of common
equity, and upon consummation of Foresight's refinancing
transaction, to exercise its option to acquire an additional 46%
voting interest in Foresight Energy GP LLC, thereby increasing its
voting interest to 80%.

On March 1, 2017 Foresight announced its plan to refinance its
capital structure by issuing $750 million of new first lien term
loan, as well as new second lien notes due 2024, the proceeds of
which will be used to repay the company's existing revolver, first
lien term loan, second lien notes, and second lien convertible PIK
notes.

The review will be concluded once the above transactions are
consummated and will focus on the effect of the increased ownership
interest in Foresight on Murray's future cash flows.

The rating review will also consider the company's efforts to
contain costs and improve margins. and its ability to manage the
continuing secular decline of the US coal industry and avoid
unexpected cash outlays related to the legacy liabilities acquired
from CONSOL Energy Inc..

The principal methodology used in these ratings was Global Mining
Industry published in August 2014.

Murray Energy Corporation is a privately-owned thermal coal mining
company founded by its current Chairman, President, and Chief
Executive Officer, Robert E. Murray, in 1988. Ownership of the
company is closely held by the CEO and his family, and the senior
management team includes family members. Two of the four board
members are independent directors. In December 2013, the company
acquired five active longwall mines in West Virginia and
transportation assets from CONSOL. In April 2015, the company
purchased a 34% voting interest in Foresight Energy GP LLC, with
77.5% of the incentive distribution rights, and approximately 50%
of the outstanding limited partner units in Foresight Energy LP, a
parent of Foresight Energy, LLC, for $1.37 billion. The deal tied
Murray's Illinois Basin and Northern Appalachian coal mining
business to Foresight's Illinois Basin mines to create one of the
biggest U.S. thermal coal producers. Headquartered in St.
Clairsville, Ohio, the company generated revenue of $2.50 billion
for the twelve months ending September 30, 2016.


NASTY GAL: Asks Court's Okay for Continued Cash Collateral Use
--------------------------------------------------------------
Nasty Gal Inc. filed on Feb. 15, 2017, a motion seeking permission
from the U.S. Bankruptcy Court for the Central District of
California to use estate property outside the ordinary course of
business and to the extent necessary, use of the cash collateral of
prepetition lender Hercules Capital, Inc., f/k/a Hercules
Technology Growth Capital Inc., in its capacity as administrative
agent for itself and several banks and other financial
institutions.

A hearing to consider the Debtor's request will be held on March 8,
2017, at 11:00 a.m.

On Feb. 8, 2017, the Court entered its order approving the sale of
the Debtor's intellectual property assets to Boohoo F I Limited
pursuant to a stalking horse agreement dated Dec. 27, 2016.

Pursuant to the sale agreement, the Debtor would cease business
operations on Feb. 28, 2017.  On and after the Closing Date, the
Debtor will liquidate its remaining assets and administer the
estate.  The Debtor seeks to use cash outside the ordinary course
of business in the process of liquidation and administration.
Given that the Debtor will no longer continue its retail operations
after the Closing Date, the Debtor seeks authority to utilize
property of the estate, in the exercise of its sound business
judgment under Section 363(b)(1), to maximize returns to
creditors.

To the extent that any cash used by the Debtor is collateral of
Hercules and that lender does not consent, the Debtor requests
authority to use the Hercules' cash collateral under Section
363(e).  Pursuant to the sale order, the Hercules' secured claim
will be substantially, but not fully, paid in connection with the
Sale Closing.  However, on and after the Closing Date, Hercules
will still have a claim for at least $1,802,000 plus attorney's
fees and costs, pending resolution of a dispute with the Official
Committee of Unsecured Creditors.  The Debtor will create a
segregated account to hold cash equal to the value of the disputed
claim amount, plus an additional $1 million to account for any
potential costs, fees or expenses that may be incurred and claimed
by Hercules in connection with the resolution of the dispute.  The
Prepetition Lender will enjoy a significant equity cushion --
approximately 50% over its Disputed Claim Amount -- in the
segregated account alone.  Accordingly, Hercules will be adequately
protected by the existence of the segregated account and the Court
may authorize the Debtor to utilize any other cash collateral of
Hercules.

The Debtor requires the use of cash beyond March 8, 2017, to wind
down its business, liquidate its remaining assets, and fulfill its
ongoing obligations in administering the Estate, including the
following categories of expenses:

     a. completing a wind-down of the Debtor's business and
        liquidation of its remaining assets;

     b. reviewing and administering claims filed in the case;

     c. filing, confirming, and administering a plan of
        liquidation in this case;

     d. paying administrative costs and fees, including the fees
        of the U.S. Trustee and court-approved professionals; and

     e. resolving pending litigation against the Estate.

A copy of the Debtor's cash collateral motion is available at:

          http://bankrupt.com/misc/cacb16-24862-391.pdf

As reported by the Troubled Company Reporter on Feb. 17, 2017, the
Hon. Sheri Bluebond of the U.S. Bankruptcy Court for the Central
District of California authorized the Debtor to use the cash
collateral of Hercules on a final basis.  

On Feb. 22, 2017, Hercules filed a limited objection to the motion
to the extent it seeks authority to use cash collateral outside the
ordinary course of business in advance of the Debtor closing on the
sale of its intellectual property assets to Boohoo F I Limited
pursuant to a stalking horse agreement dated Dec. 27, 2016.

Hercules says that the relief the Debtor requested should be
subject to a closing of the sale to Boohoo.  In the event the sale
does not close, the authority to use cash collateral terminates
pursuant to final court order authorizing cash collateral use.
Additionally, the budget specifically envisions liquidation
expenditures only in the event of a closing and the Debtor's
proposal of adequate protection will be mooted and fail if the
closing does not occur.

According to Hercules, the Debtor's request is ambiguous with
respect to the escrow that the Debtor proposes as adequate
protection.  The sale order granting the motion to approve the sale
to Boohoo provides that the sale is free and clear of liens with
Hercules' liens to attach to proceeds of sale.  The sale order does
not place a limitation on the proceeds to which the liens attach.
Through the motion, the Debtor seeks to set up a segregated,
interest bearing account, as directed by the Court at the sale
hearing, in the amount equal the interest, fees and charges
disputed by the Committee, plus additional $1,000,000, pending
resolution of the Committee's complaint, as adequate protection for
the continued use of cash collateral.

The counsel for the Debtor has confirmed in writing that the
Debtor's cash collateral motion does not request, and the Debtor
does not seek at this time, to strip or remove Hercules' liens from
any assets.  The counsel for the Debtor has further agreed to
clarify on the record, if necessary, that Hercules' liens are not
being released on any assets.  In an abundance of caution, however,
Hercules submits there is no basis in law or in fact to reduce the
collateral pool securing Hercules' remaining unpaid claim after the
partial payment to be made to Hercules on closing of the sale.

Hercules states that the $1 million cushion can quickly evaporate
based on the continuing accrual of interest on approximately $2.5
million, the allowance and amount of which is to be determined at a
later date by the Court, and the expenses of litigation and
possible appeals that could take years.  

A copy of the Objection is available at:

            http://bankrupt.com/misc/cacb16-24862-404.pdf

Hercules is represented by:

     Jeffrey N. Pomerantz, Esq.
     Jeffrey W. Dulberg, Esq.
     PACHULSKI STANG ZIEHL & JONES LLP
     10100 Santa Monica Boulevard, 13th Floor
     Los Angeles, Ca 90067
     Tel: (310) 277-6910
     Fax: (310) 201-0760
     E-mail: jpomerantz@pszjlaw.com
             jdulberg@pszjlaw.com

          -- and --

     Stuart Komrower, Esq.
     Ryan T. Jareck, Esq.
     COLE SCHOTZ P.C.
     25 Main Street
     Hackensack, NJ 07601
     Tel: (201) 489-3000
     Fax: (201) 678-6331
     E-mail: skomrower@coleschotz.com
             rjareck@coleschotz.com

                      About Nasty Gal Inc.

Nasty Gal Inc. filed a Chapter 11 petition (Bankr. C.D. Cal. Case
No. 16-24862) on Nov. 9, 2016.  The petition was signed by Joe
Scirocco, president.  The case is assigned to Judge Sheri
Bluebond.  At the time of filing, the Debtor estimated assets and
liabilities at $10 million to $50 million.

The Debtor engaged Scott F. Gautier, Esq., at Robins Kaplan LLP,
as counsel; Peter J. Solomon Company as its exclusive financial and
strategic advisor; and Rust Consulting Omni Bankruptcy as claims,
noticing and balloting agent.

The Office of the U.S. Trustee on Nov. 18, 2016, appointed five
creditors of Nasty Gal Inc. to serve on the official committee of
unsecured creditors.  The Creditors' Committee tapped B. Riley &
Co. as financial advisor, and Gary E. Klausner, Esq., and Todd M.
Arnold, Esq., at Levene, Neale, Bender, Yoo & Brill LLP, as
counsel.

The Office of the U.S. Trustee appointed Wesley H. Avery as
Consumer Privacy Ombudsman.


NAVISTAR INT'L: Fitch Raises Issuer Default Rating to B-
--------------------------------------------------------
Fitch Ratings has upgraded the Issuer Default Ratings (IDR) for
Navistar International Corporation (NAV), Navistar, Inc., and
Navistar Financial Corporation (NFC) one notch to 'B-' from 'CCC'
and removed the ratings from Rating Watch Positive. The rating
action follows the implementation on Feb. 28, 2017 of NAV's
strategic alliance with Volkswagen Truck & Bus GmbH (VW T&B)
announced in September 2016. The Rating Outlook is Stable. A full
list of rating actions for NAV and its subsidiaries is at the end
of this release.

KEY RATING DRIVERS

The upgrade reflects improved prospects for NAV's financial
performance due to its alliance with VW T&B. The alliance includes
a $256 million cash investment by VW T&B in common shares newly
issued by NAV equal to 16.6% of NAV's common shares on a pro forma
basis. The alliance also involves collaboration on powertrain and
other technologies and a procurement joint venture (JV) which
should enhance NAV's cost structure and product development. Two
representatives from VW T&B have been named to NAV's board of
directors, and a joint alliance board will oversee coordination of
the alliance.

NAV estimates it will generate $200 million of annual synergies
from the VW T&B alliance by the end of five years and $500 million
cumulatively over the same period. Fitch expects the alliance will
support an expansion of NAV's technological capabilities,
potentially including engines sourced internally or from within the
alliance for use in NAV trucks, a larger parts business, and
opportunities to share technology and development costs for trucks,
engines, and digital technology related to data and analytics. NAV
could also have opportunities to expand its powertrain offerings
beyond engines, and there could be a positive impact on customer
confidence, which could help NAV recover market share.

Fitch notes that some aspects of the alliance will become effective
gradually, including the use of VW T&B powertrain components in NAV
trucks beginning in 2019, cost savings from common sourcing, and
product introductions associated with collaboration on technology.
Fitch believes a more extensive alliance is possible over the long
term depending on how the alliance develops.

Negative free cash flow (FCF) continues to be a key rating concern.
Fitch estimates FCF will be negative in 2017 due to low sales
volumes and ongoing cash requirements for warranties, pension and
working capital. High used-truck inventory of $410 million as of
Oct. 31, 2016 has also contributed to negative FCF, although
inventory declined in the last two quarters of 2016. Fitch believes
there is a chance that FCF could be negative again in 2018 due to
uncertainties about the timing of a market recovery and market
share gains by NAV. FCF could be better than expected by Fitch if
the heavy duty truck industry sees a strong recovery and NAV
rebuilds market share and generates higher margins relatively
quickly from ongoing restructuring and anticipated synergies with
VW T&B.

Fitch believes liquidity should be adequate into 2018 when
considering $256 million of cash proceeds from VW T&B's investment
and proceeds from $250 million of new notes issued in January 2017.
NAV has estimated manufacturing cash balances will be approximately
$800 million at the end of fiscal 2017, excluding proceeds from
$250 million of debt issued in January 2017, unchanged from the end
of fiscal 2016. Operating cash flow is seasonally negative in the
first fiscal quarter 2017 (approximately negative $325 million in
1Q16 as calculated by Fitch), and the company plans to increase
capital expenditures in 2017.

There are material cash requirements for warranty cash spending in
excess of expense, pension contributions and possible working
capital requirements. As a result, the company remains sensitive to
unexpected developments including an inability to regain market
share or to realize anticipated synergies from the VW T&B alliance.
NAV expects to contribute at least $110 million to its pension
plans in 2017 and $135 million to $220 million annually from 2018
through 2020 compared to $100 million in 2016. The net pension
obligation was $1.7 billion (57% funded) at Oct. 31, 2016.

Debt maturities of $200 million are scheduled in October 2018 and
$411 million in 2019 which would need to be refinanced in the
absence of a return to positive FCF. In recent years, NAV has
received funding from NFC including used-truck financing, but Fitch
expects net funding from NFC in the form of loans and dividends
will decline. Other rating concerns include high used-truck
inventory, high leverage, and litigation risk.

The company has achieved a gradual long-term improvement in core
EBITDA margins due to significant cost reductions and NAV's
strategy of focusing on its core product markets. Despite a 20%
decline in revenue in 2016, NAV's EBITDA margin improved by 100bps
to 4.8% in 2016 as measured by Fitch, largely due to restructuring
and solid results in the parts business. Regular warranty costs
remain below 3% of sales compared to a peak level above 7% several
years ago, although NAV recognized $77 million of charges for
pre-existing warranties in 2016. The cash impact will be spread out
over future periods, and the warranty charge appears to be
contained. NAV's use of third-party engines and emissions equipment
reduces research and development costs, as well as warranty costs,
but also limits margins.

The company's market share of Class 8 trucks in the U.S. and Canada
was 11% in 2016, down from 12% in 2015, and 20% or higher prior to
2012, and its share is behind the three other dominant commercial
truck-makers. However, NAV has reported stronger order share
recently in its traditional Class 6 - 8 truck and bus market and is
in the midst of introducing several new products through the next
two years which could strengthen its competitive position. The
medium-duty market is more stable than the heavy-duty market, and
NAV's share, while below historical levels, has held up better.

At Oct. 31, 2016, debt/EBITDA was over 8x, reflecting low but
improved earnings. Fitch does not include intercompany loans from
Financial Services in manufacturing debt, and leverage would be
higher when including these liabilities. NAV's use of intercompany
funds from Financial Services includes loans and dividends. Fitch
estimates the net amount of loans and dividends provided to NAV in
2016 was $115 million, including dividends from Financial Services
of $220 million, offset by $105 million of net loan repayments.
Loans include used-truck inventory financing utilized by NAV to
facilitate new truck sales.

Under Fitch criteria for rating non-financial corporates, Fitch
calculates an appropriate debt/equity ratio of 3x at Financial
Services based on asset quality as well as liquidity and funding
that incorporate support from NAV in the form of funding. The
calculated ratio assumes lower external funding than is typically
reported by Financial Services, with the difference funded by NAV
as an equity injection. Fitch assumes NAV would fund its equity
injection through the use of excess cash or new debt which Fitch
include in debt at the manufacturing business. This
Fitch-calculated debt amount is higher than actual debt
outstanding. Actual debt/equity at Financial Services as measured
by Fitch, including intangible assets, was 3.9x as of Oct. 31,
2016. As a result, Fitch calculates a pro forma equity injection of
approximately $100 million would be needed to reduce debt/equity to
3x at Financial Services.

Litigation risks include a lawsuit by the U.S. Department of
Justice which is seeking penalties of up to $291 million on behalf
of the U.S. Environmental Protection Agency related to NAV's use of
engines during 2010 that did not meet emissions standards. In the
event of an adverse outcome, a large payment would exacerbate
concerns about liquidity, although Fitch expects the timing of any
payments could be delayed in a lengthy litigation process. Other
litigation includes class action lawsuits concerning NAV's
discontinued advanced EGR engines.

The Recovery Rating (RR) of '1' for Navistar, Inc.'s senior secured
term loan facility supports a rating of 'BB-', three levels above
NAV's IDR, as Fitch expects the loan would recover more than 90% in
a distressed scenario based on a strong collateral position. The
'RR4' for senior unsecured debt reflects average recovery prospects
in a distressed scenario. The 'RR6' for senior subordinated
convertible notes reflects a low priority position relative to
NAV's other debt.

NAVISTAR FINANCIAL CORPORATION

Fitch believes NFC is core to NAV's overall franchise. Thus the IDR
of the finance subsidiary is equalized with, and directly linked to
that of its ultimate parent due to the close operating relationship
and importance to NAV, as substantially all of NFC's business is
connected to the financing of dealer inventory and trucks sold by
NAV's dealers. The relationship is formally governed by the Master
Intercompany Agreement, as well as a provision referenced under
NFC's credit agreement requiring NAV or NIC to own 100% of NFC's
equity at all times.

NFC's operating performance and overall credit metrics are viewed
by Fitch to be neutral to NAV's ratings. The company's performance
has not changed materially compared to Fitch's expectations, but
its financial profile remains tied to NAV's operating and financial
performance. Total financing revenue decreased by 2% in FY2016,
driven by a lower overall finance receivables balance and
unfavorable foreign exchange movements in Mexico. The decline in
revenue was partially offset by higher revenues from operating
leases. The average finance receivables balance decreased to $1.3
billion in 2016, compared to $1.4 billion in the year-earlier
period.

Asset quality of the underlying receivables portfolio deteriorated
slightly in 2016, largely due to the run-off of the retail
portfolio. Charge-offs and provisioning have been relatively stable
as NFC continues to focus on its wholesale portfolio, which
historically has experienced lower loss rates compared to the
retail portfolio.

NFC's leverage remains relatively low compared to its captive
finance peers, but rose slightly in 2016 due primarily to the
upstreaming of $220 million in dividends to the parent in 2016,
compared to $125 million in 2015. Balance sheet leverage, as
measured by total debt/equity, was 3.9x as of Oct. 31, 2016, which
compares to 3.3x in the prior year period. Fitch believes NFC's
leverage is appropriate and stronger than other captive finance
companies. NAV continues to use the strength of NFC's balance sheet
to enhance liquidity at the parent company, including
re-establishing dividends and intercompany borrowings between NAV
and NFC.

The 'B' rating assigned to the existing senior secured bank credit
facility reflects Fitch's view that the addition of a 1.35x
collateral coverage covenant in the amended bank credit facility
agreement on May 27, 2016 is a credit positive for lenders. The
addition of this covenant helps support the Recovery Rating of
'RR3' and mitigates Fitch's earlier concerns that NFC could
securitize all its remaining unencumbered assets, leaving other
senior secured lenders in a subordinate collateral position to the
company's securitizations.

KEY ASSUMPTIONS

Fitch's key assumptions within the current rating case for NAV's
manufacturing business, before considering the alliance with VW
T&B, include:

-- NAV's manufacturing revenue in 2017 declines by low single
    digits due to the industry downturn for heavy-duty trucks;

-- Industry demand for heavy-duty trucks declines for all of 2017

    but begins to recover later in the year and in 2018;

-- New product introductions support NAV's market share which
    improves slightly in 2017 and could gain more traction in
    subsequent years;

-- FCF remains negative in 2017 and possibly into 2018;

-- EBITDA margins continue to improve;

-- NAV refinances scheduled debt maturities in 2018 and 2019;
-- Warranty cash costs exceed warranty expense; warranty expense,

    excluding adjustments to pre-existing warranties, remains
   below 3%.

RATING SENSITIVITIES

Navistar International Corporation

Future developments that may, individually or collectively, lead to
positive rating action include:

-- Consistently higher EBITDA margins that lead to positive FCF
    and lower leverage;

-- NAV's retail market share recovers to a level near 20% for
    combined Class 8 heavy and severe service trucks (11% in 2016)

    and 30% for medium-duty trucks (21% in 2016);

-- Liquidity improves sufficiently to reduce outstanding debt.

Future developments that may, individually or collectively, lead to
a negative rating action include:

-- Working capital or other cash requirements appear likely to
    exceed NAV's available liquidity;

-- Manufacturing EBITDA margins as calculated by Fitch decline
    materially from 4.8% in 2016;

-- FCF does not become positive on an LTM basis during 2018;

-- There is a material adverse outcome from litigation.

Navistar Financial Corporation

NFC's ratings are expected to move in tandem with its parent.
Therefore, positive rating momentum will be limited by Fitch's view
of NIC's credit profile. However, negative rating actions could be
driven by a change in the perceived relationship between NFC and
its parent. Additionally, a change in profitability leading to
operating losses, a material change in leverage, and/or
deterioration in the company's liquidity profile could also yield
negative rating actions.

The rating on the senior secured bank credit facility is sensitive
to changes in NFC's IDR, as well as the level of unencumbered
balance sheet assets in a stress scenario, relative to outstanding
debt.

Fitch does not envision a scenario where NFC would be rated higher
than the parent.

LIQUIDITY

Navistar International Corporation

Liquidity at NAV's manufacturing business as of Oct. 31, 2016
included cash and marketable securities totaling $794 million (net
of the Blue Diamond Parts joint venture cash and restricted cash).
NAV had limited availability under a $175 million asset-backed
lending (ABL) facility. NAV's cash was supplemented in early
calendar 2017 by $250 million of incremental debt issuance and the
$256 million equity investment by VW T&B. Liquidity was offset by
current maturities of manufacturing long-term debt of $71 million.
In addition to the ABL, NAV uses an Intercompany Used Truck Loan
from NFC under which $135 million was outstanding. NAV had other
outstanding intercompany loans totaling $68 million from Financial
Services.

Navistar Financial Corporation

Fitch deems NFC's current liquidity as adequate given available
resources and the company's continued ability to securitize
originated assets, but notes that liquidity may become constrained
if the parent materially increases its reliance on NFC to fund
operations or if NFC is unable to refinance a sufficient amount of
debt on economical terms.

As of Oct. 31, 2016, NFC had $43 million of unrestricted cash and
approximately $637 million of availability under its various
borrowing facilities (subject to collateral requirements). Fitch
views favorably NFC's ability to refinance a portion of its
borrowing facilities and access the capital markets at reasonable
terms, which should mitigate some potential near-term liquidity
concerns.

As of Oct. 31, 2016, debt at NAV's manufacturing business totaled
$3.2 billion, including unamortized discount, and $1.8 billion at
the Financial Services segment, the majority of which is at NFC.

FULL LIST OF RATINGS

The following ratings have been upgraded:

Navistar International Corporation
-- Long-Term Issuer Default Rating (IDR) to 'B-' from 'CCC';
-- Senior unsecured notes to 'B-/RR4' from 'CCC/RR4';
-- Senior subordinated notes to 'CCC/RR6' from 'CC/RR6'.

Navistar, Inc.
-- Long-Term IDR to 'B-' from 'CCC';
-- Senior secured term loan to 'BB-/RR1' from 'B/RR1'.

Cook County, Illinois
-- Recovery zone revenue facility bonds (Navistar International
    Corporation Project) series 2010 to 'B-' from 'CCC'.

Illinois Finance Authority (IFA)
-- Recovery zone revenue facility bonds (Navistar International
    Corporation Project) series 2010 to 'B-' from 'CCC'.

Navistar Financial Corporation
-- Long-Term IDR to 'B-' from 'CCC';
-- Senior secured bank credit facility to 'B/RR3' from 'B-/RR3'.

The Rating Outlook Is Stable.



NAVISTAR INTERNATIONAL: To Announce Q1 2017 Results on March 7
--------------------------------------------------------------
Navistar International Corporation will host a conference call and
present via a live webcast its fiscal 2017 first quarter financial
results on Tuesday, March 7, at approximately 9:00 a.m. Eastern
(8:00 a.m. Central).  Speakers on the webcast will include Troy
Clarke, Chairman, president and chief executive officer and Walter
Borst, executive vice president and chief financial officer, among
other company leaders.

Those who wish to participate in the conference call may do so by
dialing: (877) 303-3199.  Additionally, the webcast can be accessed
through the investor relations page of the Company's Website at
http://www.navistar.com/navistar/investors/webcasts.Investors are
advised to log on to the website at least 15 minutes prior to the
start of the webcast to allow sufficient time for downloading any
necessary software.  The webcast will be available for replay at
the same address approximately three hours following its conclusion
and will remain available for a limited time.

                 About Navistar International

Navistar International Corporation (NYSE: NAV) --
http://www.navistar.com/-- is a holding company whose subsidiaries
and affiliates subsidiaries produce International(R) brand
commercial and military trucks, MaxxForce(R) brand diesel
engines, IC Bus(TM) brand school and commercial buses, Monaco RV
brands of recreational vehicles, and Workhorse(R) brand chassis
for motor homes and step vans.  It also is a private-label designer
and manufacturer of diesel engines for the pickup truck,
van and SUV markets.  The Company also provides truck and diesel
engine parts and service.  Another affiliate offers financing
services.

Navistar reported a net loss attributable to the Company of $97
million on $8.11 billion of net sales and revenues for the year
ended Oct. 31, 2016, compared with a net loss attributable to the
Company of $184 million on $10.14 billion of net sales and revenues
for the year ended Oct. 31, 2015.

As of Oct. 31, 2016, Navistar had $5.65 billion in total assets,
$10.94 billion in total liabilities and a total stockholders'
deficit of $5.29 billion.

                          *     *     *

In September 2016, S&P Global Ratings placed its ratings, including
the 'CCC+' corporate credit ratings, on Navistar International
Corp. and its subsidiary Navistar Financial Corp. on CreditWatch
with positive implications.

S&P's CreditWatch action follows Navistar's announcement that it
has formed a strategic alliance with Volkswagen Truck & Bus, which
includes a proposed equity investment in Navistar by Volkswagen
Truck & Bus, as well as technology and proposed framework
agreements for strategic technology and supply collaboration, and a
procurement joint venture.  As part of the alliance, Volkswagen
Truck & Bus plans to acquire 16.2 million newly issued shares in
Navistar, and Navistar expects to receive $256 million from the
equity investment, which the company intends to use for general
corporate purposes.  

Navistar carries as 'B3 'Corporate Family Rating (CFR) and stable
outlook from Moody's.  Moody's said in January 2017 that Navistar's
ratings reflects the continuing challenges the company faces in
re-establishing its competitive position and profitability in the
North American medium and heavy truck markets.

Navistar carries a 'CCC' Issuer Default Ratings from Fitch Ratings.
Fitch said in January 2017 that the ratings for NAV, Navistar,
Inc., and NFC remain on Rating Watch Positive pending completion of
a strategic alliance between NAV and Volkswagen Truck & Bus GmbH
(VW T&B).   The Positive Rating Watch reflects Fitch's expectation
that under terms contemplated for the alliance, NAV would realize
cost synergies, improved liquidity, and strategic opportunities
over the next several years that would support its competitiveness
and operating performance.


NEW PLAN: Fitch Cuts 2011A/B Rev. Bonds Rating to B+; Outlook Neg
-----------------------------------------------------------------
Fitch Ratings has downgraded the following revenue bonds issued by
the Industrial Development Authority of the County of Pima on
behalf of the New Plan Learning, Inc. (NPL) Project to 'B+' from
'BB-':

-- $32,575,000 educational facilities revenue bonds series 2011A;
-- $330,000 educational facilities revenue bonds, taxable series
    2011B.

The Rating Outlook is Stable.

SECURITY

The bonds are secured by the gross revenues of NPL and primarily
comprise lease payments from four participant charter schools
located in Illinois and Ohio. The source of repayment is a several,
not joint, obligation of the four bond schools. Lease payments are
sized to exceed each schools' allocated portion of debt service and
to meet 120% of maximum annual debt service (MADS). A mortgage is
provided on each participant's school facility.

KEY RATING DRIVERS

FINANCIAL PERFORMANCE DRIVES DOWNGRADE: The rating change primarily
reflects weakened operating results at the four charter school
participants. Additionally, funding for the largest charter school
participant comes from the Chicago Public Schools (CPS; revenue
bonds rated 'B+'/Outlook Negative) and indirectly from the state of
Illinois ('BBB'/Negative Watch), both of which are under financial
stress.

WEAK FINANCIAL PROFILES: The 'B+' rating for NPL's series 2011
bonds reflects the mostly speculative-grade credit profiles of the
participant schools, including uneven operating performance,
extremely weak balance sheet cushions, high debt burdens, and slim
debt service coverage. The three Ohio schools frequently rely on
management fee reductions to balance operations.

STRUCTURE PROVIDES COVERAGE CUSHION: The transaction's required
reserves and participant annual lease payments, which are allocated
in excess of debt service, as well as access to other available
funds of NPL, provide incremental credit strength to augment what
Fitch considers weak credit profiles among the four participants.
Each school's standalone credit metrics reflect varying but
speculative-grade credit characteristics.

MIXED ENROLLMENT TRENDS: Enrollment trends vary at the four
participant schools, with the 2016 - 2017 enrollments pressured at
the three Ohio schools. CMSA enrollment is stable with strong
student demand, but its enrollment is presently capped. Also,
academic results for the three Ohio schools for the 2015/2016
academic year remain in transition as Ohio school tests transition
to Common Core. Academic results and student demand for CMSA remain
very strong.

RATING SENSITIVITIES

ENROLLMENT AND OPERATING STABILITY: Due to New Plan Learning,
Inc.'s reliance on student-driven per pupil funding to support
operations and meet debt service obligations, the rating is highly
sensitive to each of the four pledged school's ability to maintain
relatively stable enrollment, generate operating surpluses with
minimal management company subsidy, and gradually grow reserves.

UNCERTAINTY In ILLINOIS: A reduction or material delay in the
funding for the largest charter school participant - Chicago Math
and Science Academy - from either the state of Illinois or Chicago
Public Schools (the authorizer) could negatively impact the rating
for the entire transaction. That has not happened to date.

STANDARD SECTOR CONCERNS: A limited financial cushion, substantial
reliance on enrollment-driven, per-pupil funding, and charter
renewal risk are credit concerns common among all charter school
transactions, which if pressured, could negatively impact the
rating.

CREDIT PROFILE

NPL was formed in 2005 by Concept to provide facilities for charter
schools. NPL is a separate organization, with its own governing
board. Concept continues to manage the four schools; its management
practices have historically driven strong academic outcomes and
fiscal oversight at these and its other charter schools. The four
bond schools together currently enroll about 1,871 students in
grades K-12.

The participant schools include: Chicago Math and Science Academy
(CMSA), located in Chicago, IL; Horizon Science Academy (HSA)
Dayton, located in Dayton, OH; and HSA Springfield and HSA Toledo,
both located in Toledo, OH. NPL leases charter school facilities to
the participants, for which it receives lease rental payments from
each school on a 'several' (not joint) basis. Each payment is
structured so that the combined NPL payments cover debt service by
1.2x.

Fitch inquired about each school's charter status with its
respective authorizer and gained comfort that each of the schools
is generally viewed favorably by their respective authorizers and
is in compliance with the terms of their charters.

HSA Springfield currently has a two-year renewal, which Fitch views
negatively; most OH renewals have been for five years. The
authorizer previously reported that the shorter two-year charter
term had more to do with a new Ohio charter law that requires more
authorizer oversight than on HSA Springfield's operating or
academic fundamentals. The current charter expiration dates for the
four participants are as follows: CMSA and HSA Toledo are June
2019; HSA Springfield is June 2018; HSA Dayton is June 2020.

EXTERNAL INVESTIGATION

Concept is still subject to a federal investigation into alleged
misuse of federal grant funds related to technology. Concept
advised that it is cooperating fully with this investigation and
responding to all federal subpoenas or information requests.
Concept management advised that the timing of any outcome is
currently uncertain, but that they believe there is no merit to the
investigation. Management reports no status change since Fitch's
last review, and minimal federal contact regarding the
investigation in the last two years.

LIMITED FINANCIAL PROFILE

The financial performance of each individual participating charter
school determines the credit strength of the transaction to meet
its lease payments, and, therefore, its debt service obligations.
Overall debt service coverage was achieved for fiscal 2016 by NPL
from school lease payments, and was 1.6x on a consolidated basis as
calculated per the bond covenants. At the school levels, all
schools covered their respective lease payments to NPL at or
slightly above 1x from fiscal 2016 net income.

For the three Ohio schools, performance was essentially break-even
on a GAAP basis in fiscal 2016. These schools receive varying
support from the charter management company in the form of
forgiveness of part of their respective management fees. Without
that donation, their operations are notably weaker.

CMSA's authorizer, CPS, has been under significant financial
stress. CMSA reports that it has received its per pupil funding on
time to date in both fiscal 2016 and 2017, although there have been
some funding reductions. For more information on CPS, see "Fitch
Rates $426MM Chicago Board of Ed (IL) ULTGs 'B+'; Outlook Negative"
dated Nov. 7, 2016.

The schools' balance sheet resources remain extremely weak and
support the lower rating. Available funds (AF, defined by Fitch as
cash and investments not restricted) at the four schools ranged
from a high of $1.1 million at CMSA as of June 30, 2016, to a low
of about $35,000 at HSA Dayton. The AF levels in the three Ohio
schools provide virtually no coverage of operating expenses and
outstanding debt, which Fitch considers a speculative-grade credit
characteristic.

AF ratios for CMSA were slightly stronger at 16% of fiscal 2016
expenses and 9% of its proportion of debt, percentages similar to
fiscal 2015. CMSA had about $1.0 million of reserves at that time.
Of the approximately $32.7 million of outstanding series 2011
bonds, the share allotted to each school is approximately: 38.7% to
CMSA, 22.2% to HSA Dayton, 20.7% to HSA Toledo, and 18.4% to HSA
Springfield.

HIGH DEBT BURDENS

Further limiting the rating are the schools' high debt burdens,
which is typical of the charter school sector. Pro forma MADS on
the series 2011 bonds is approximately $3.2 million, with a mostly
level amortization schedule through final maturity in 2041. The
schools' annual debt burdens are all high, measured as maximum
lease payment as a percent of operating revenue, ranged from 10.7%
for HSA Toledo to 20% for HSA Dayton (the latter is partly
mitigated as the high school shares a facility with an elementary
school).

Management reports no new debt plans for the four schools at this
time, which Fitch views as prudent given the lack of additional
debt capacity.

ADDITIONAL BOND PROVISIONS
Bond provisions for NPL include multiple reserves providing an
excess cushion and a required NPL debt service coverage ratio of
1.2x. Bondholders also have a security interest in NPL's gross
revenue fund in which the indenture requires NPL maintain no less
than 12% of aggregate corporate revenues (the definition for which
includes rents from non-financed schools).

Other reserves held by the trustee and available to cover debt
service include a bond revenue fund ($500,000) and a cash-funded
debt service reserve funded at MADS. A capital and maintenance
operating fund is currently being replenished to its original size
of $1 million (the balance was $999,918 in January 2017).

All of the reserve balances are tested quarterly. Diminishing
balances at the bond revenue fund, coupled with insufficient
balances at the NPL gross revenue fund, could result in a negative
rating action. Replenishment of the various reserves is subject to
excess funds received from participant lease payments and would
only occur after satisfying debt service.



NEWS PUBLISHING: Unsecureds to Recoup 8% Under Liquidation Plan
---------------------------------------------------------------
News Publishing Company filed with the U.S. Bankruptcy Court for
the Northern District of Georgia a modified disclosure statement in
support of its chapter 11 plan of liquidation, dated Feb. 23, 2017,
which provides for the dissolution and winding-up of the Debtor's
affairs and the discharge and termination of all Interests in the
Debtor as against the Debtor.

Under the liquidation plan, Class 2 consists of the general
unsecured claims amounting to $10,000,000.

On the Final Distribution Date, each Holder of an Allowed Class 2
General Unsecured Claim will receive Cash equal to the product of
the Face Amount of its Allowed Class 2 General Unsecured Claim
multiplied by the Distribution Percentage. No Holder of an Allowed
Class 2 General Unsecured Claim will be entitled to receive
post-petition interest on the Face Amount of its Allowed Claim.
Estimated recovery for general unsecured claimants is 8%.

The estimated recovery for general unsecured creditors in the
previous plan was unknown.

Upon confirmation, the Debtor will be charged with administration
of the Case. The Debtor will be authorized and empowered to take
such actions as are required to effectuate the Plan, including the
prosecution and enforcement of Causes of Action.

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

           http://bankrupt.com/misc/ganb13-40002-370.pdf

Headquartered in Rome, Georgia, News Publishing Company filed for
chapter 11 protection (Bankr. N.D. Ga.  Case No.13-40002) on Jan.
1, 2013, with estimated assets and liabilities of $1,000,001 to
$10,000,000. The petition was signed by Burgett H. Mooney, III,
president.


NORTEL NETWORKS: 2 Hedge Funds Want Delaware Trust's Fees Reduced
-----------------------------------------------------------------
Matt Chiappardi, writing for Bankruptcy Law360, reports PointState
Capital LP and Solus Alternative Asset Management LP, hedge funds
that held senior notes issued by a Nortel Networks Inc. unit, asked
the U.S. Bankruptcy Court for the District of Delaware to cut their
indenture trustee Delaware Trust Co.'s roughly $8 million attorney
fee request in half.

The two hedge funds, according to Law360, claimed that Delaware
Trust didn't properly discharge its duties.

                      About Nortel Networks

Headquartered in Ontario, Canada, Nortel Networks Corporation and
its various affiliated entities provided next-generation
technologies, for both service provider and enterprise networks,
support multimedia and business-critical applications.  Nortel did
Networks Limited was the principal direct operating subsidiary of
Nortel Networks Corporation.

On Jan. 14, 2009, Nortel Networks Inc.'s ultimate corporate parent
Nortel Networks Corporation, NNI's direct corporate parent Nortel
Networks Limited and certain of their Canadian affiliates commenced
a proceeding with the Ontario Superior Court of Justice under the
Companies' Creditors Arrangement Act (Canada) seeking relief from
their creditors.  Ernst & Young was appointed to serve as monitor
and foreign representative of the Canadian Nortel Group.  That same
day, the Monitor sought recognition of the CCAA Proceedings in U.S.
Bankruptcy Court (Bankr. D. Del. Case No. 09-10164) under Chapter
15 of the U.S. Bankruptcy Code.

That same day, NNI and certain of its affiliated U.S. entities
filed voluntary petitions for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Case No. 09-10138).

In addition, the High Court of England and Wales placed 19 of
NNI's European affiliates into administration under the control of
individuals from Ernst & Young LLP.  Other Nortel affiliates have
commenced and in the future may commence additional creditor
protection, insolvency and dissolution proceedings around the
world.

On May 28, 2009, at the request of administrators, the Commercial
Court of Versailles, France, ordered the commencement of secondary
proceedings in respect of Nortel Networks S.A.  On June 8, 2009,
Nortel Networks UK Limited filed petitions in U.S. Bankruptcy
Court for recognition of the English Proceedings as foreign main
proceedings under Chapter 15.

U.S. Bankruptcy Judge Kevin Gross presides over the Chapter 11 and
15 cases.  Mary Caloway, Esq., and Peter James Duhig, Esq., at
Buchanan Ingersoll & Rooney PC, in Wilmington, Delaware, serves as
Chapter 15 petitioner's counsel.

In the Chapter 11 case, James L. Bromley, Esq., and Howard S.
Zelbo, Esq., at Cleary Gottlieb Steen & Hamilton, LLP, in New York,
serve as the U.S. Debtors' general bankruptcy counsel; Derek C.
Abbott, Esq., at Morris Nichols Arsht & Tunnell LLP, in Wilmington,
serves as Delaware counsel.  The Chapter 11 Debtors' other
professionals are Lazard Freres & Co. LLC as financial advisors;
and Epiq Bankruptcy Solutions LLC as claims and notice agent.

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors in respect of the U.S. Debtors.

An ad hoc group of bondholders also was organized.  An Official
Committee of Retired Employees and the Official Committee of
Long-Term Disability Participants tapped Alvarez & Marsal
Healthcare Industry Group as financial advisor.  The Retiree
Committee is represented by McCarter & English LLP as Delaware
counsel, and Togut Segal & Segal serves as the Retiree Committee.
The Committee retained Alvarez & Marsal Healthcare Industry Group
as financial advisor, and Kurtzman Carson Consultants LLC as its
communications agent.

Several entities, particularly, Nortel Government Solutions
Incorporated and Nortel Networks (CALA) Inc., have material
operations and are not part of the bankruptcy proceedings.

As of Sept. 30, 2008, Nortel Networks Corp. reported consolidated
assets of $11.6 billion and consolidated liabilities of $11.8
billion.  The Nortel Companies' U.S. businesses are primarily
conducted through Nortel Networks Inc., which is the parent of
majority of the U.S. Nortel Companies.  As of Sept. 30, 2008, NNI
had assets of about $9 billion and liabilities of $3.2 billion,
which do not include NNI's guarantee of some or all of the Nortel
Companies' about $4.2 billion of unsecured public debt.

Since the commencement of the various insolvency proceedings,
Nortel has sold its business units and other assets to various
purchasers.  Nortel has collected roughly $9 billion for
distribution to creditors.  Of the total, $4.5 billion came from
the sale of Nortel's patent portfolio to Rockstar Bidco, a
consortium consisting of Apple Inc., EMC Corporation,
Telefonaktiebolaget LM Ericsson, Microsoft Corp., Research In
Motion Limited, and Sony Corporation.  The consortium defeated a
$900 million stalking horse bid by Google Inc. at an auction.  The
deal closed in July 2011.

Nortel has filed a proposed plan of liquidation in the U.S.
Bankruptcy Court.  The Plan generally provides for full payment on
secured claims with other distributions going in accordance with
the priorities in bankruptcy law.

The trial on how to divide proceeds among creditors in the U.S.,
Canada, and Europe commenced on Sept. 22, 2014.  The question of
how to divide $7.3 billion raised in the international bankruptcy
of Nortel Networks Corp. was answered on May 12, 2015, by two
judges, one in the U.S. and one in Canada.

Justice Frank Newbould of the Ontario Superior Court of Justice in
Toronto and Judge Kevin Gross of the U.S. Bankruptcy Court in
Wilmington, Delaware, agreed on the outcome: a modified pro rata
split of the money.

On Jan. 24, 2017, both the Canadian and Delaware courts confirmed
the Debtors' liquidation plan.


NORTHWEST TERRITORIAL: Trustee Taps James G. Murphy as Auctioneer
-----------------------------------------------------------------
The Chapter 11 trustee for Northwest Territorial Mint LLC seeks
approval from the U.S. Bankruptcy Court for the Western District of
Washington to hire an auctioneer.

Mark Calvert, the bankruptcy trustee, proposes to hire James G.
Murphy Inc. to assist in the appraisal and potential liquidation of
the Debtor's excess equipment.

The firm will be compensated for its appraisal services in the
amount of $2,500.  Should an auction be conducted, Murphy will be
paid in accordance with bid terms to be established by later
application by the trustee.

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

The firm can be reached through:

     James G. Murphy Inc.
     P.O. Box 82160
     18226 68th Ave. N.E.
     Kenmore, WA 98028
     Phone: (425) 486-1246
     Toll Free: 1-800-426-3008
     Fax: (425) 483-8247
     Email: webinfo@murphyauction.com

                  About Northwest Territorial

Northwest Territorial Mint LLC sought protection under Chapter 11
of the Bankruptcy Code (Bankr. W.D. Wash. Case No. 16-11767) on
April 1, 2016.   

The petition was signed by Ross B. Hansen, member. The case is
assigned to Judge Christopher M. Alston. The Debtor is represented
by J. Todd Tracy, Esq., at The Tracy Law Group PLLC.

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


NRAD MEDICAL: Latest Exit Plan to Pay Unsecured Creditors in Full
-----------------------------------------------------------------
Unsecured creditors of NRAD Medical Associates, P.C., will receive
full payment of their claims under the company's proposed plan to
exit Chapter 11 protection.

The restructuring plan proposes to pay Class 5 general unsecured
claims in full from available cash and from the liquidation of its
other assets.  NRAD believes the total amount of Class 5 claims is
approximately $6.7 million.

Beginning on the last business day of the first full quarter
following confirmation of the plan, general unsecured creditors
will receive quarterly distributions of their pro rata share of 40%
of the available cash.  

After payment in full of general unsecured claims, NRAD will use
75% of its available cash to pay shareholder claims until June 1,
2025.

The primary sources of the available cash are profits NRAD intends
to earn from its ownership of Blue Dot Holdings LLC, a wholly-
owned subsidiary, and recoveries from the life insurance policies
it holds on certain of its former and current shareholders,
according to the company's disclosure statement filed on Feb. 23
with the U.S. Bankruptcy Court for the Eastern District of New
York.

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

                    https://is.gd/v7qn4J

              About NRAD Medical Associates

NRAD Medical Associates, P.C., operated a regional radiology
imaging medical practice and a regional radiation therapy practice
with 16 locations throughout Long Island and Queens, New York.  In
June 2015, NRAD sold most of the assets utilized in the imaging
practice assets in June 2015 to Meridian Imaging Group, LLC.  In
addition, NRAD and certain multi-specialty practitioners (e.g.
gynecologists, internists, surgeons) were parties to agreements
pursuant to which MSPs were employed by NRAD, certain assets
require acquired and certain obligations were assumed.

NRAD Medical sought Chapter 11 bankruptcy protection (Bankr.
E.D.N.Y. Case No. 15-72898) in Central Islip, New York, on July 7,
2015.  The case is assigned to Judge Louis A. Scarcella.

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

The Debtor is represented by Anthony C Acampora, Esq., at Silverman
Acampora LLP, in Jericho, New York.

                          *     *     *

On Aug. 13, 2015, the U.S. Trustee appointed David Kaplan, M.D.,
Henry Schein, Julian Safir, M.D., Nuclear Diagnostic Products and
415 Northern Blvd. Realty to the Official Committee of Unsecured
Creditors.  The Committee tapped Farrell Fritz, P.C. as counsel.

On Sept. 10, 2015, the Court approved the sale of substantially all
of the assets of the Debtor's RT Practice to St. Francis Hospital,
Roslyn, NY, or its designee, free and clear of all liens, and
claims.  On Sept. 24, 2015, the Court entered an order approving
the RT Sale.  On Oct. 14, 2015, the Debtor filed its notice of
closing and effective date with respect to the RT sale.


OLD DOMINION: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: Old Dominion Holdings, Inc.
        1990 N. California Blvd., 8th Fl.
        Walnut Creek, CA 94596

Case No.: 17-40590

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: March 1, 2017

Court: United States Bankruptcy Court
       Northern District of California (Oakland)

Judge: Hon. Roger L. Efremsky

Debtor's Counsel: R. Kenneth Bauer, Esq.
                  LAW OFFICES OF R. KENNETH BAUER
                  500 Ygnacio Valley Rd. #328
                  Walnut Creek, CA 94596
                  Tel: (925) 945-7945
                  E-mail: rkbauerlaw@gmail.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Kevin Senn, president.

The Debtor did not include a list of its largest unsecured
creditors when it filed the petition.

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

          http://bankrupt.com/misc/canb17-40590.pdf


OMINTO INC: Files Pro Forma Statements for Lani Pixels Deal
-----------------------------------------------------------
This Amendment No. 1 to the Current Report on Form 8-K is being
filed by Ominto, Inc., for the purpose of amending that certain
Current Report on Form 8-K originally filed by Ominto with the U.S.
Securities and Exchange Commission on Dec. 13, 2016 in connection
with the purchase of shares of Lani Pixels A/S.  This Amendment is
being filed to provide pro forma statements of operations required
by Items 9.01(a) and (b) of Form 8-K, which were not previously
filed with the Initial Form 8-K as permitted by the rules of the
SEC

On Dec. 13, 2016, Ominto, Inc., filed a Current Report on Form 8-K
with the Securities and Exchange Commission reporting that on Dec.
13, 2016, Ominto entered into:

     (i) a share exchange agreement to purchase 20.0% of the
outstanding shares of common stock of Lani Pixels from Lani Pixels
in exchange for 1,285,714 shares of Ominto's common stock; and

    (ii) a share exchange agreement to purchase 20.0% of the
outstanding shares of common stock of Lani Pixels from Kim Pagel
for $500,000 in cash and the issuance of 1,142,857 shares of
Ominto's common stock.

In its Quarterly Report on Form 10-Q filed Feb. 14, 2017, Ominto
disclosed that on Dec. 13, 2016, Ominto also entered into a share
purchase agreement with a 10% shareholder of Lani Pixels who is
also a shareholder of Ominto, Paseco ApS to purchase an additional
.02% of the issued and outstanding shares of Lani Pixels in
exchange for a $4,000 promissory note that matures on Feb. 28,
2017.  In addition, Ominto signed a voting rights agreement with
Paseco on Dec. 13, 2016 granting Ominto the irrevocable right to
vote Paseco's shares in Ominto's favor.  Additionally, Ominto holds
a majority of the seats on the Board of Directors of Lani Pixels.

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

                           https://is.gd/j0SHxC

                               About Ominto

Ominto, Inc., was incorporated under the laws of the State of
Nevada on June 4, 1999, as Clamshell Enterprises, Inc., which name
was changed to MediaNet Group Technologies, Inc. in May 2003, then
to DubLi, Inc. on Sept. 25, 2012, and finally to Ominto, Inc. as of
July 1, 2015.  The DubLi Network was merged into the Company, as
its primary business in October 2009.

Ominto reported a net loss of $10.30 million on $17.69 million of
revenues for the year ended Sept. 30, 2016, compared to a net loss
of $11.69 million on $21.28 million of revenues for the year ended
Sept. 30, 2015.  


OPTIMA SPECIALTY: Has Court's Final Nod to Obtain DIP Financing
---------------------------------------------------------------
The Hon. Kevin J. Carey of the U.S. Bankruptcy Court for the
District of Delaware entered on Feb. 28, 2017, a final order
authorizing Optima Specialty Steel, Inc., to obtain postpetition
secured financing and use of cash collateral.

A copy of the court order is available at:

           http://bankrupt.com/misc/deb16-12789-366.pdf

Vince Sullivan, writing for Bankruptcy Law360, reports that the
Debtor told Judge Carey on Feb. 28 that it has resolved the
objections of unsecured creditors to its proposed $212 million
post-petition financing package.  Law360 relates that Maria J.
DiConza, Esq., at Greenberg Traurig LLP, the attorney for the
Debtor, told Judge Carey that the Debtor had reached an accord with
the official committee of unsecured creditors on Feb. 27.

The DIP obligations will mature and be due and payable on the
earliest to occur of Oct. 31, 2017.

Failure of the Debtors to comply with any of these milestones will
constitute a termination event:

     a. on or before July 14, 2017, the Debtors will file a
        Chapter 11 plan of reorganization, which plan will provide

        for payment in full in cash of the DIP obligations, and
        related disclosure statement;

     b. on or before Aug. 28, 2017, a court order will be entered
        approving the disclosure statement for the Debtors' plan;

     c. on or before Oct. 6, 2017, a court order will be entered
        confirming the Debtors' plan; and

     d. on or before Oct. 27, 2017, the Debtors' plan will be
        substantially consummated and the effective date will have

        occurred.

                   About Optima Specialty Steel

Optima Specialty Steel, Inc., and its affiliates filed separate
Chapter 11 bankruptcy petitions on Dec. 15, 2016: Optima Specialty
Steel, Inc. (Bankr. D. Del. 16-12789); Niagara LaSalle Corporation
(Bankr. D. Del. 16-12790); The Corey Steel Company (Bankr. D. Del.
16-12791); KES Acquisition Company (Bankr. D. Del. 16-12792); and
Michigan Seamless Tube LLC (Bankr. D. Del. 16-12793).  The
petitions were signed by Mordechai Korf, chief executive officer.
At the time of filing, the Debtor had assets and liabilities
estimated at $100 million to $500 million each.

Optima Specialty Steel and its affiliates are independent
manufacturers of specialty steel products.  Their manufacturing
facilities are located in the United States, and each of the
companies' operating units have operated in the steel industry for
more than 50 years.  At the time of the bankruptcy filing, the
Debtors collectively employ more than 900 people.

The Debtors engaged Greenberg Traurig, LLP, Wilmington, DE, as
counsel.  The Debtors tapped Ernst & Young LLP as their
accountant.

No request has been made for the appointment of a trustee or
examiner.

On Jan. 4, 2017, the U.S. Trustee for Region 3 appointed an
official committee of unsecured creditors.  The committee hired
Squire Patton Boggs (US) LLP as its lead counsel and Whiteford,
Taylor & Preston LLC as its local Delaware counsel.


OSAGE MASONRY: Taps Evans & Mullinix as Legal Ccounsel
------------------------------------------------------
Osage Masonry Holdings, LLC seeks approval from the U.S. Bankruptcy
Court for the Western District of Missouri to hire legal counsel.

The Debtor proposes to hire Evans & Mullinix, P.A. to give advice
regarding its duties under the Bankruptcy Code, and provide other
legal services related to its Chapter 11 case.

The hourly rates charged by the firm are:

     Colin N. Gotham        $325
     Richard C. Wallace     $325
     Thomas M. Mullinix     $325
     Joanne B. Stutz        $325
     Paralegals             $100

Colin Gotham, Esq., disclosed in a court filing that the firm does
not represent any interest adverse to the Debtor or its bankruptcy
estate, and that it is "disinterested" as defined in section
101(14) of the Bankruptcy Code.

Evans & Mullinix can be reached through:

     Colin N. Gotham, Esq.
     Evans & Mullinix, P.A.
     7225 Renner Road, Suite 200
     Shawnee, KS 66217
     Phone: (913) 962-8700
     Fax: (913) 962-8701
     Email: cgotham@emlawkc.com

                  About Osage Masonry Holdings

Osage Masonry Holdings, LLC, a masonry company based in Parkville,
Missouri, sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. W.D. Mo. Case No. 17-50080) on February 28, 2017.  

At the time of the filing, the Debtor estimated assets of less than
$100,000 and liabilities of less than $1 million.


PARETEUM CORP: Amends Certificate of Incorporation
--------------------------------------------------
On Feb. 23, 2017, Pareteum Corporation filed a certificate of
amendment to the Company's certificate of incorporation, effective
after the market closed on Feb. 24, 2017 (the "Effective Date"),
with the Secretary of State of the State of Delaware in order to
effect the previously announced 1-for-25 reverse stock split.
Pursuant to the Reverse Split, every 25 shares of the Company's
issued and outstanding common stock have been converted into one
share of common stock.  The Reverse Split took effect at 4:01 p.m.,
Eastern Time, on the Effective Date, and the common stock will
start trading on a split-adjusted basis when the market opens on
Feb. 27, 2017.  No fractional shares will be issued if, as a result
of the Reverse Split, a stockholder would otherwise have been
entitled to a fractional share.  Instead, each stockholder will be
entitled to receive a cash payment which will be based upon the
volume weighted average price for the five (5) days preceding the
Effective Date.

The Company's shares of common stock will continue to trade on the
New York Stock Exchange under the symbol "TEUM" but will trade
under a new CUSIP of 69946T 207.

Continental Stock Transfer & Trust Company, LLC, the Company's
transfer agent, will act as the exchange agent for the Reverse
Split.

A full-text copy of the Form 8-K regulatory filing is available
at:

                           https://is.gd/qqppLD

                           About Pareteum Corp

New York-based Pareteum Corporation (NYSEMKT: TEUM), formerly known
as Elephant Talk Communications, Inc. -- http://www.pareteum.com/
-- is an international provider of business software and services
to the telecommunications and financial services industry.

Elephant Talk reported a net loss of $5.00 million on $31.0 million
of revenues for the year ended Dec. 31, 2015, compared to a net
loss of $21.9 million on $20.4 million of revenues for the year
ended Dec. 31, 2014.

As of Sept. 30, 2016, Pareteum had $15.26 million in total assets,
$21.66 million in total liabilities and a total stockholders'
deficit of $6.40 million.

Squar Milner, LLP, formerly Squar Milner, Peterson, Miranda &
Williamson, LLP, in Los Angeles, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has suffered
recurring losses from operations, has an accumulated deficit of
$256 million and has negative working capital.  This raises
substantial doubt about the Company's ability to continue as a
going concern, the auditors said.


PCI MANUFACTURING: Trihub Buying Sulphur Springs Property for $2.2M
-------------------------------------------------------------------
PCI Manufacturing, LLC, asks the U.S. Bankruptcy Court for the
Eastern District of Texas to authorize the short sale of real
property located at 200 CMH Drive, Sulphur Springs, Texas, to
Trihub, LLC and/or their assigns for $2,150,000, subject to higher
and better offers.

The Debtor owns Real Property which includes approximately 68,000
square feet in two buildings on approximately 10 acres of land.

These parties assert security interests and/or liens upon the Real
Property: (i) Hopkins County Tax Office, (ii) Sulphur Springs ISD,
(iii) Texas Heritage National Bank, (iv) Steel & Pipe Supply Inc.,
(v) Univar USA Inc., and (vi) Quality Trailer Products ("Secured
Creditors").

There is no equity in the Real Property above the amount of the
Secured Creditors' liens.

The Debtor has received an offer from the Purchaser and/or their
assigns to purchase the Real Property for $2,150,000.  The offer
will result in a "short sale" since there will be insufficient sale
proceeds to pay-off all of the Secured Creditors following the
payment of property taxes and other normal closing costs.

The Debtor asks authority to sell the Real Property to the Buyer
for $2,150,000.  From the gross proceeds, and prior to making
payment to the respective Secured Creditors, the Debtor will pay:
(i) applicable real estate agent commissions; (ii) closing costs;
iii) the ad valorem property taxes associated with the Real
Property; (iv) U.S. Trustee Quarterly Fees and bank fees associated
with the sale; and (v) the attorney's fees incurred by the Debtor's
counsel associated with the sale and conveyance of title to the
Buyer ("Costs of Sale").

Under the terms sale set forth in the contract, the realtor, Lee &
Associates has agreed to reduce its compensation from a previously
approved commission of 6% of the first $2,000,000 of the sale price
and 4.5% of the sale price exceeding $2,000,000 to a flat 4.5% of
the full sale price.

The Debtor has prepared a Reserve Value Calculation of the
estimated Costs of Sale and payoff to Texas Heritage National
Bank.

The salient terms of the Contract are:

   a. Property to be Sold: Real Property

   b. Purchaser: Trihub, LLC and/or its assigns

   c. Purchase Price: $2,150,000

   d. Terms: Cash to Seller

   e. Release of Liens: Sale free and clear of all liens and
encumbrances.

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

         http://bankrupt.com/misc/PCI_Manufacturing_56_Sales.pdf

Liens that secure amounts owed for year 2017 ad valorem property
taxes, including any penalties and interest that may accrue, will
remain attached to the Real Property and become the responsibility
of the Buyer.

Any party interested in purchasing the Real Property should contact
the counsel for the Debtor, object to the Motion and appear at any
hearing on the Motion and offer an amount in excess of the proposed
purchase price.

Due to exigent circumstances relating to the need to close the sale
so as to stop the accrual of property taxes, the Debtor asks that
any order approving the Motion exclude the 14-day day stay provided
in Rule 6004(h) of the Federal Rules of Bankruptcy Procedure.

The Debtor asks the Court to approve the sale of the Real Property
to the Buyer, and grant such other and further relief to which it
is justly entitled.

The Purchaser:

          TRIHUB, LLC
          P.O. Box 431
          Robstown, TX 78380
          Telephone: (361) 387-7505
          Facsimile: (361) 387-4613

The Purchaser is represented by:

          Wilson Calhoun, Esq.
          719 S. Shoreline Blvd., Suite 304
          Corpus Christi, TX 78401
          Telephone: (361) 882-3300
          Facsimile: (361) 888-5404
          E-mail: wilson@wcalhoun.com

                   About PCI Manufacturing

PCI Manufacturing, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Tex. Case No. 16-41888) on Oct. 18,
2016.  The petition was signed by Miles J. Arnold, president.  The
case is assigned to Judge Brenda T. Rhoades.  At the time of the
filing, the Debtor estimated its assets and liabilities at $1
million to $10 million.


PENN TREATY: Commonwealth Court Approves Liquidation Petitions
--------------------------------------------------------------
Insurance Commissioner Teresa Miller on March 1, 2017, announced
the Commonwealth Court approval of petitions to liquidate Penn
Treaty Network America Insurance Company and American Network
Insurance Company, with policyholder claims to be paid through the
state guaranty association system, subject to statutory limits and
conditions.

"After a long and difficult eight-year legal process, the Court's
decision to approve the liquidation recognizes the companies'
financial difficulties are too great to be remedied, and that
consumers are best protected through the state guaranty association
system," Commissioner Miller said.

Commissioner Miller said the two companies have approximately
76,000 policyholders nationwide, with 9,000 residing in
Pennsylvania.  More than 98 percent of Penn Treaty and American
Network's policies are long term care insurance.

Over the past several years, long term care insurance has posed
significant challenges to insurers on a national level. The pricing
of these policies for many insurance companies has proved to be
insufficient as a result of claims greatly exceeding expectations
and low investment returns.  Claims have exceeded expectations due
to incorrect assumptions concerning the number of policyholders who
would drop their coverage and the number of policyholders who would
utilize their policy benefits, as well as the cost of providing
those benefits.  The pricing deficiencies and resulting financial
losses have resulted in many long term care insurers seeking large
premium rate increases and some leaving the market.

In the case of Penn Treaty and American Network, the Pennsylvania
Insurance Department determined that the magnitude of additional
premium rate increases needed to remedy the companies' financial
difficulties (exceeding 300% on average) would severely harm
policyholders and would not be permitted by state regulators,
leaving no alternative other than to place the companies into
liquidation.

"Policyholder claims will continue to be covered by the state
guaranty association system pursuant to law, and policy claims will
be paid subject to the applicable state guaranty association
coverage limit and conditions.  Policyholders should continue to
file claims as they have been in the past, and must continue to pay
their premiums in order to be eligible for guaranty association
coverage," Commissioner Miller said.  "State guaranty associations
were created to protect state residents who are policyholders of an
insolvent company that has gone out of business.  In each state,
other insurance companies licensed in that state pay into a
guaranty fund, and that money is used to cover claims when a
company becomes insolvent and is liquidated."

Under Pennsylvania law, claims of policyholders residing in
Pennsylvania are paid up to the maximum amount provided for by the
policy, subject to the guaranty association cap of $300,000.  The
liquidator and the court will determine whether any payments for
claims above the cap can be made from the companies' remaining
assets to any policyholders who may have claims in excess of the
cap.  Actuarial models show about 50 percent of policyholders are
expected to have claims in excess of what will be paid by the
guaranty association covering their policies.

Guaranty associations may seek to increase premiums.  Any guaranty
association rate increase will be subject to approvals required by
law which, depending on the state, may include a review process
similar to rate requests filed by long term care insurers with
state insurance regulators.

Policyholders should continue making premium payments to the
following address:  Penn Treaty, P.O. Box 70257, Philadelphia, PA
19176-0257.  Claim submissions should continue to be sent to:  Penn
Treaty, P.O. Box 7066, Allentown, PA  18105-7066.  Policyholders
with questions about policies, claims, or related to liquidation
should call Policyholder Services at 1-800-362-0700.

Consumers can also contact the Insurance Department Bureau of
Consumer Services at www.insurance.pa.gov, or 1-877-881-6388.

                  About Penn Treaty American

Penn Treaty American Corporation -- https://www.penntreaty.com/ --
through its wholly owned direct and indirect subsidiaries, Penn
Treaty Network America Insurance Company, American Network
Insurance Company, American Independent Network Insurance Company
of New York, Network Insurance Senior Health Division and Senior
Financial Consultants Company, is engaged in the underwriting,
marketing and sale of individual and group accident and health
insurance products, principally covering long term nursing home and
home health care.

On Oct. 2, 2009, the Insurance Commissioner of the Commonwealth of
Pennsylvania filed in the Commonwealth Court of Pennsylvania
Petitions for Liquidation for PTNA and American Network Insurance
Company.  PTNA is a direct insurance company subsidiary of Penn
Treaty American Corporation, and ANIC is a subsidiary of PTNA.


PERFORMANCE SPORTS: Sagard, Fairfax Complete Acquisition of Assets
------------------------------------------------------------------
Sagard Capital Partners, L.P. and certain of its affiliates
(collectively, "Sagard Capital") on March 1 disclosed that 9938982
Canada Inc. (the "Purchaser"), an acquisition vehicle co-owned by
Sagard Capital and Fairfax Financial Holdings Limited ("Fairfax
Financial"), has completed the purchase of substantially all the
assets of Performance Sports Group Ltd. (the "Issuer") and its
North American subsidiaries (the "Debtors"), including its European
and global operations, for a base purchase price of U.S. $575
million in aggregate, subject to certain adjustments, and the
assumption of related operating liabilities (the "Acquisition").

The Acquisition was the culmination of the process commenced by the
Debtors who, in order to facilitate the Acquisition, filed
voluntary petitions under Chapter 11 of the United States
Bankruptcy Code in the District of Delaware and filed an
application for the issuance of an initial order under the
Companies' Creditors Arrangement Act before the Ontario Superior
Court of Justice.  The bid made by the Purchaser served as the
"stalking horse" bid for purposes of the process and was ultimately
determined to be the successful bid in accordance with the related
court approved bidding procedures.  The courts approved the
Acquisition and associated reorganization transactions pursuant to
orders dated February 6, 2017 and supplemented on February 10,
2017.

The Issuer's head office is located at 100 Domain Drive, Exeter,
New Hampshire, U.S.A., 03833.

                    About Performance Sports

Exeter, N.H.-based Performance Sports Group Ltd. (NYSE:
PSG)(TSX:PSG) -- http://www.PerformanceSportsGroup.com/-- is a
developer and manufacturer of ice hockey, roller hockey, lacrosse,
baseball and softball sports equipment, as well as related apparel
and soccer apparel.  Its products are marketed under the BAUER,
MISSION, MAVERIK, CASCADE, INARIA, COMBAT and EASTON brand names
and are distributed by sales representatives and independent
distributors throughout the world.  In addition, the Company
distributes its hockey products through its Burlington,
Massachusetts and Bloomington, Minnesota Own The Moment Hockey
Experience retail stores.

On Oct. 31, 2016, Performance Sports Group Ltd. and certain of its
affiliates have filed voluntary petitions under Chapter 11 of the
Bankruptcy Code in the District of Delaware and commenced
proceedings under the Companies' Creditors Arrangement Act in the
Ontario Superior Court of Justice.

The U.S. Debtors are: BPS US Holdings Inc.; Bauer Hockey, Inc.;
Easton Baseball/Softball Inc.; Bauer Hockey Retail Inc.; Bauer
Performance Sports Uniforms Inc.; Performance Lacrosse Group Inc.;
BPS Diamond Sports Inc.; and PSG Innovation Inc.

The Canadian Debtors are: Performance Sports Group Ltd.; KBAU
Holdings Canada, Inc.; Bauer Hockey Retail Corp.; Easton Baseball
/Softball Corp.; PSG Innovation Corp. Bauer Hockey Corp.; BPS
Canada Intermediate Corp.; BPS Diamond Sports Corp.; Bauer
Performance Sports Uniforms Corp.; and Performance Lacrosse Group
Corp.

Ernst & Young Inc., serves as monitor to the Company in the
Canadian Proceedings.

The Debtors have hired Paul, Weiss, Rifkind, Wharton & Garrison LLP
as counsel; Young Conaway Stargatt & Taylor, LLP as co-counsel;
Stikeman Elliott LLP as Canadian legal counsel; Centerview LLP as
investment banker to the special committee; Alvarez & Marsal North
America, LLC, as restructuring advisor; Joele Frank, Wilkinson,
Brimmer, Katcher as communications & relations advisor; KPMG LLP as
auditors; Ernst & Young LLP as CCAA monitor; and Prime Clerk LLC as
notice, claims, solicitation and balloting agent.

Andrew R. Vara, Acting U.S. Trustee for Region 3, has appointed
three creditors of BPS US Holdings, Inc., parent of Performance
Sports, to serve on the official committee of unsecured creditors.

The Creditors' Committee retained by Blank Rome LLP as counsel,
Cassels Brock & Blackwell LLP as Canadian co-counsel, and Province
Inc. as financial advisor.

The U.S. Trustee also has appointed a official committee of equity
security holders.  The equity committee is represented by Natalie
D. Ramsey, Esq., and Mark A. Fink, Esq., at Montgomery, McCracken,
Walker & Rhoads, LLP; and Robert J. Stark, Esq., Steven B. Levine,
Esq., James W. Stoll, Esq., and Andrew M. Carty, Esq., at Brown
Rudnick LLP.


PHYSICIANS REALTY: S&P Assigns 'BB+' CCR; Outlook Positive
----------------------------------------------------------
S&P Global Ratings assigned its 'BBB-' issue-level rating to
Physicians Realty L.P.'s $300 million senior unsecured notes.  S&P
assigned a '2' recovery rating, which implies its expectation for
substantial recovery (70% to 90%; rounded estimate: 85%) in the
event of a default.  In line with S&P's criteria for real estate
companies, issuers with a corporate credit rating of 'BB+' will
generally have their issue-level rating "capped" at '2'.  The
parent company, Physicians Realty Trust, fully and unconditionally
guarantees the notes.  S&P also assigned a 'BB+' corporate credit
rating to Physicians Realty L.P. and the outlook is positive.

Physicians Realty will use the proceeds from this debt issue to
repay a portion of the debt outstanding under its unsecured
revolving credit facility.  The indenture governing the notes
contains covenants typical of U.S. equity REITs including a
limitation on total debt (less than 60% of total assets) and
secured debt (less than 40% of total assets) as well as a minimum
debt service coverage requirement (greater than 1.5x) and
maintenance of total unencumbered assets (greater than 1.5x of
total unsecured debt).

RATINGS LIST

Physicians Realty Trust
Physicians Realty L.P.
Corporate Credit Rating                    BB+/Positive/--

New Rating
Physicians Realty L.P.
  $300M snr unsecured notes                 BBB-
   Recovery rating                          2 (85%)


PORTER BANCORP: Incurs $2.75 Million Net Loss in 2016
-----------------------------------------------------
Porter Bancorp, Inc. filed with the Securities and Exchange
Commission its annual report on Form 10-K reporting a net loss of
$2.75 million on $35.60 million of interest income for the year
ended Dec. 31, 2016, compared to a net loss of $3.21 million on
$36.57 million of interest income for the year ended Dec. 31,
2015.

The Company's balance sheet at Dec. 31, 2016, showed $945.17
million in total assets, $912.44 million in total liabilities and
$32.73 million in total stockholders' equity.

"While operating results for 2016 improved as a result of the
reduction in non-performing asset expenses, our results for the
year were negatively impacted by $8.0 million in litigation
expenses connected to the Kentucky Court of Appeals ruling against
the Bank.  While we continue to appeal the ruling, the damages
award and all interest due thereon have been accrued.  Funds to
retire this obligation are on hand and available with no material
impact to liquidity should a decision be made to retire the accrued
liability.

"Non-performing loans were 1.44% of total loans and non-performing
assets were 1.70% of total assets, at December 31, 2016 compared to
2.28% and 3.51%, respectively, at December 31, 2015.  We remain
diligent in the management of our loan portfolio and are striving
to continue improving credit quality by working throughout our
markets to balance selective new customer acquisition, customer
service for our existing clients and prudent risk management," the
Company said in the report.

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

                    https://is.gd/LpH6ZH

                    About Porter Bancorp

Porter Bancorp, Inc., is a bank holding company headquartered in
Louisville, Kentucky.  Through its wholly-owned subsidiary PBI
Bank, the Company operates 18 full-service banking offices in
12 counties in Kentucky.


PRECISION CASTING: Has Final Nod to Use Cash Collateral
-------------------------------------------------------
The Hon. Thomas B. McNamara of the U.S. Bankruptcy Court for the
District of Colorado granted on Feb. 28, 2017, Precision Casting
Prototypes & Engineering, Inc., permission, on a final basis, to
use cash collateral.

No objections were filed by the Feb. 24, 2017 deadline.

On Feb. 10, 2017, the Debtor sought authorization to use cash
collateral, saying that absent authorization to use cash collateral
on an interim basis, the Debtor will be unable to continue its
operations and to proceed with the reorganization of its debts in
an orderly fashion, which could result in a significantly reduced
recovery for the Debtor's estate.  Alternatively, if the Debtor is
authorized to use cash collateral, the Debtor will be able to
maximize the value of its estate through the continuation of the
Debtor's business.

Copies of the Debtor's cash collateral motion and the budget is
available at:

          http://bankrupt.com/misc/cob16-20113-118.pdf
          http://bankrupt.com/misc/cob16-20113-118-1.pdf

Prepetition, the Debtor incurred several loans with various
creditors, including, Bank of the West, TCF Equipment Finance, a
division of TCF Bank, Stearns Bank, and First Sound Bank.  The
Secured Lenders are owed a total of $1,130,360.

BOTW asserts a blanket lien on all of the Debtor's assets,
including its equipment, accounts and accounts receivable, and the
proceeds therefrom.  TCF, Stearns Bank and First Sound Bank each
assert purchase money security interests in specific pieces of
equipment owned by the Debtor.  The Debtor's cash, operating funds,
bank collateral, and all other collateral of the Secured Lenders is
referred to as cash collateral.

The Secured Lenders are entitled to adequate protection of their
interests in the pre-petition collateral, including the cash
collateral, in an amount equal to the aggregate post-petition
diminution in value of the pre-petition collateral, including
without limitation, any such diminution resulting from the sale,
lease or use by the Debtor (or other decline in value) of the
pre-petition collateral and the imposition of the automatic stay.
The adequate protection obligations will commence Nov. 1, 2016, and
be due on the first of each month thereafter for the term of the
court order.  The Adequate Protection Obligations are:

     a. BOTW: $7,600 per month;
     b. TCF: $1,750 per month;
     c. Stearns Bank: $600 per month; and
     d. First Sound Bank: $700 per month.

As adequate protection, the Secured Lenders are granted these
claims, liens, rights and benefits: (i) the Adequate protection
obligations due to the Secured Lenders will constitute a
superpriority claim against the Debtor, with priority in payment
over any and all unsecured claims and administrative expense claims
against the Debtor, and (ii) to the extent that any of the Secured
Lenders have a properly perfected pre-petition lien on the cash
collateral, the Secured Lenders will have a replacement lien on all
post-petition cash collateral in order for the Debtor to continue
to operate to the extent that there is a decrease in value of any
Secured Lender's interest in the cash collateral in the same extent
and priority that existed on the Petition Date.

The Debtor's right to use the cash collateral pursuant to the terms
of the court order will terminate six months from the date of this
court order.

                     About Precious Casting

Precision Casting Prototypes & Engineering, Inc., is a veteran
owned foundry and machine shop in Colorado serving the entire
United States.  It operates at a leased property at 7501 East
Dahlia Street in Commerce City, Colorado.  

Precise Cast specializes in rapid prototyping and the precision
casting and machining of aluminum, magnesium, and zinc parts
primarily for Fortune 500 companies in the aerospace, defense,
automotive, commercial vehicle, electronic, and medical device
industries.

The Debtor filed a Chapter 11 petition (Bankr. D. Colo. Case No.
16-20113) on Oct. 13, 2016.  The petition was signed by Craig R.
Reeves, president.  The Debtor is represented by Kenneth J.
Buechler, Esq., at Buechler & Garber, LLC. The case is assigned to
Judge Thomas B. McNamara.  

The Debtor estimated $500,000 to $1 million in assets and $1
million to $10 million in debt at the time of the filing.


PRESTIGE INDUSTRIES: Minda Supply Named Creditors' Committee Member
-------------------------------------------------------------------
Andrew Vara, acting U.S. trustee for Region 3, replaced Direct
Machinery with Minda Supply Co. as one of the members of the
official committee of unsecured creditors of Prestige Industries
LLC.

As reported by the Troubled Company Reporter on Feb. 13, 2017, the
U.S. Trusted on Feb. 10 appointed five creditors of Prestige
Industries LLC to serve on the official committee of unsecured
creditors.

The committee members now include:

     (1) Ryder Transportation Services
         Attn: Michael Mandell
         11690 NW 105th Street
         Miami, FL 33178
         Tel: (305) 500-4417
         Fax: (305) 500-3336

     (2) Minda Supply Co.
         Attn: Eric Mindich
         380 Franklin Tpke
         Mahwah, NJ 07430
         Tel: (201) 335-0236

     (3) American Packaging Distributors Corp.
         Attn: Robert Moses
         831 Lincoln Ave, Suite 7
         West Chester, PA 19380
         Tel: (610) 918-1988
         Fax: (610) 918-1989

     (4) Public Service Electric & Gas Company
         Attn: Suzanne Klar, Esq.
         80 Park Plaza, TSD
         Newark, NJ 07102
         Tel: (973) 430-6483
         Fax: (973) 645-1103

     (5) Tingue, Brown & Co.
         Attn: John J. Hurst
         535 N. Midland Avenue
         Saddle Brook, NJ 07663
         Tel: (201) 475-7648
         Fax: (201) 796-5820

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

               About Prestige Industries

Prestige Industries LLC, based in North Bergen, New Jersey, filed a
Chapter 11 petition (Bankr. D. Del. Case No. 17-10186) on Jan. 30,
2017.  The petition was signed by Jonathan Fung, CEO/CFO.  The
Debtor is represented by Peter C. Hughes, Esq., at Dilworth Paxson
LLP.  The Debtor engaged SSG Advisors, LLC as its investment
banker.  The case is assigned to Judge Kevin Gross.  The Debtor
estimated assets and debt at $10 million to $50 million at the time
of the filing.


PRIME METALS: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Prime Metals & Alloys, Inc.
        P.O. Box 194
        Lucernemines, PA 15754-0194

Case No.: 17-70164

Chapter 11 Petition Date: March 2, 2017

Court: United States Bankruptcy Court
       Western District of Pennsylvania (Johnstown)

Judge: Hon. Jeffery A. Deller

Debtor's Counsel: Kirk B. Burkley, Esq.
                  BERNSTEIN-BURKLEY, P.C.
                  2200 Gulf Tower
                  707 Grant Street
                  Pittsburgh, PA 15219
                  Tel: 412-456-8108
                  Fax: 412-456-8135
                  E-mail: kburkley@bernsteinlaw.com

                    - and -

                  Allison L. Carr, Esq.
                  BERNSTEIN-BURKLEY, PC
                  Gulf Tower, Suite 2200
                  707 Grant Street
                  Pittsburgh, PA 15219
                  Tel: 412-456-8100
                  Fax: 412-456-8135
                  E-mail: acarr@bernsteinlaw.com

                     - and -

                  Daniel R. Schimizzi, Esq.
                  BERNSTEIN-BURKLEY, P.C.
                  707 Grant Street, Suite 2200
                  Pittsburgh, PA 15219
                  Tel: 412-456-8100
                  E-mail: dschimizzi@bernsteinlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Richard Knupp, president.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/pawb17-70164.pdf


PRO ENTERPRISES: Needs Additional 60 Days to Obtain Plan Votes
--------------------------------------------------------------
Pro Enterprises USA, Inc., requests the U.S. Bankruptcy Court for
the Southern District of Florida to extend the time to solicit
acceptances to its Plan for a period of 60 days from the completion
of the Disclosure Hearing.

The Debtor relates that Alejandro Alan Azpurua, who owns 100% of
its stock, timely filed a Joint Plan of Reorganization and Joint
Disclosure Statement on Dec. 23, 2016.  However, the Disclosure
Hearing has not yet occurred.  As such, the Debtor cannot solicit
acceptances of the Plan until after the completion of the
Disclosure Hearing.

Pursuant to the Court's Order, the Disclosure Hearing previously
scheduled for March 23, 2017 has been cancelled and has been
continued to March 9, 2017.  The continuance has been based
primarily on the announcement at the Feb. 8, 2017 Disclosure
Hearing of the settlement reached in principle between the Debtor
and Dawn REO, as well as the pending Mortgage Modification
Mediation between U.S. Bank and the Debtor.

                     About Pro Enterprises USA

Pro Enterprises USA, Inc., d/b/a ProMed USA, d/b/a ProPharma, a/k/a
ProMed, f/d/b/a ProMedCo, a/k/a Pro Enterprises filed a Chapter 11
petition (Bankr. S.D. Fla. Case No. 16-16317) on April 29, 2016.
The petition was signed by Alejandro Alan Azpurua, president/CEO.
The case is assigned to Judge Jay A. Cristol.  

The Debtor is represented by Chad P. Pugatch, Esq., at Rice Pugatch
Robinson Storfer & Cohen, PLLC.  The Debtor has retained Fresh
Start Tax, LLC as accountant.

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


PUERTO RICO: Governor Hopes for "Open Dialogue" with Treasury Sec.
------------------------------------------------------------------
The Associated Press, citing Nick Brown of Reuters, reported that
Puerto Rico Governor Ricardo Rossello said he was "committed to
establishing a working relationship" and fostering "open dialogue"
with U.S. Treasury Secretary Steven Mnuchin, after the two met in
Washington.

According to the report, Rossello, who took office on Jan. 2, met
with Mnuchin to discuss his efforts to "put Puerto Rico's financial
house in order," a statement from the governor's office said.

The report pointed out that Rossello has signed more than 20 bills
and executive orders aimed at cutting spending and fostering
economic growth, but Puerto Rico faces a long haul out of an
economic crisis characterized by a 45 percent poverty rate,
near-insolvent public pensions and healthcare systems, and almost
$70 billion in debt.

Under former President Barack Obama, the Treasury took a hands-on
approach in Puerto Rico, working with federal lawmakers on
legislation aimed at giving the U.S. territory a way to cut debt,
the report recalled.  President Donald Trump has given little
indication of how his administration may handle Puerto Rico, the
report further pointed out.

The report related that Rossello is scheduled to present the board
with a 10-year blueprint for the island's fiscal turnaround.  The
board has said the plan should find $4.5 billion a year in savings
and revenue, including a 10 percent reduction in pension benefits
and $1 billion in annual savings on healthcare spending, the report
further related.


QUALITY FLOAT: Latest Plan to Pay Unsecureds 25% in 5 Years
-----------------------------------------------------------
Quality Float Works, Inc., filed with the U.S. Bankruptcy Court for
the Northern District of Illinois its latest disclosure statement,
which explains the company's Chapter 11 plan of reorganization.

The latest plan proposes to pay Class 3 general unsecured creditors
25% of their allowed claims pro rata on a quarterly basis for five
years.  

Payments will start on the first day of the first calendar quarter
after the plan takes effect, according to the company's disclosure
statement filed on Feb. 23.

Quality Float's original plan filed on Jan. 20 proposed to pay
general unsecured creditors 25% of their allowed claims in four
years.

A full-text copy of the first amended disclosure statement is
available for free at:

                 https://is.gd/pLGerc

              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.

On January 20, 2017, the Debtor filed its Chapter 11 plan of
reorganization and disclosure statement.


QUANTUM FOODS: Committee, GOPC Agree to Appoint New Mediator
------------------------------------------------------------
The official committee of unsecured creditors of Quantum Foods,
LLC, signed a stipulation with Greater Omaha Packing Co., Inc., for
the appointment of a new mediator in case the Committee filed
against GOPC.

The creditors' committee and Greater Omaha have both agreed for the
appointment of Ian Connor Bifferato as new mediator in the
adversary case.  Mr. Bifferato will replace Mark Felger.

The case is The Official Committee of Unsecured Creditors of
Quantum Foods, LLC, et al., v. Greater Omaha Packing Co., Inc.,
Adv. No. 15-50888 (Bankr. D. Del.).

                       About Quantum Foods

Founded in 1990 and headquartered in Bolingbrook, Illinois, Quantum
Foods, LLC -- http://www.quantumfoods.com/-- provides protein
products made from beef, poultry and pork.

Quantum Foods and its affiliates sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 14-10318) on Feb. 18, 2014, to
facilitate the sale of substantially all their business.

The Debtors' primary secured indebtedness totals $50.2 million,
owing to lenders led by Crystal Financial, LLC, as administrative
and collateral agent.

Quantum Foods is being advised in its restructuring by Daniel J.
McGuire, Esq., Gregory M. Gartland, Esq., and Caitlin S. Barr,
Esq., at Winston & Strawn as counsel; M. Blake Cleary, Esq.,
Kenneth J. Enos, Esq., and Andrew Magaziner, Esq., at Young,
Conaway, Stargatt & Taylor, LLP, serve as local counsel.  City
Capital Advisors is the investment banker.  FTI Consulting, Inc.
also serves as advisor. BMC Group is the claims and notice agent.

The U.S. Trustee for Region 3 appointed five members to the
official committee of unsecured creditors in the case.  The
Committee has retained Triton Capital Partners, Ltd. as financial
advisor; and Mark D. Collins, Esq., Russell C. Silberglied, Esq.,
Michael J. Merchant, Esq., Christopher M. Samis, Esq., and Robert
C. Maddox, Esq., at Richards, Layton & Finger, P.A. as counsel.

Raging Bull is represented in the case by Van C. Durrer II, Esq.,
at Skadden Arps Slate Meagher & Flom LLP.  Crystal Finance LLC is
represented by David S. Berman, Esq., at Riemer & Braunstein LLP.


R.E.S. NATION: Unsecured Creditors to be Paid in Full in 10 Years
-----------------------------------------------------------------
R.E.S. Nation, LLC, filed with the U.S. Bankruptcy Court for the
Southern District of Texas a small business disclosure statement
describing its plan of reorganization, dated Feb. 24, 2017.

Under the plan, unsecured trade creditors are classified in Class
3, and will receive a distribution of 100% of their allowed claims,
to be distributed as follows: After satisfaction of all priority
and administrative expense claims (other than priority tax claims),
the Debtor will make payments monthly into a reserve account. An
independent disbursing agent will make payments quarterly from the
reserve account to unsecured creditors pro rata until their claims
are paid in full. In any event, the claims will be satisfied in
full on or before the tenth anniversary of the Effective Date.

The largest claims against the Debtor are the claims of retail
energy providers (REPs), all of which the Debtor disputes. However,
to resolve all of the ongoing litigation against the Debtor and to
provide the Debtor a path forward, the Plan will settle and
compromise the claims of REPs by allowing them at 40% of the amount
alleged, and paying them 100% of this allowed amount, to be paid
under the same distribution plan as Class 3 creditors. The REP
Claims are classified in Class 4.

The Debtor's post-confirmation revenue will consist of revenue from
its REP contracts and subcontracts. The Plan contemplates that on
the Effective Date, the Debtor will pay $50,000 to its counsel as
an additional retainer, and will pay $4,875 to the U.S. Trustee to
cover first quarter 2017 fees.

Furthermore, it is anticipated that an adequate protection payment
in the amount of $22,500 will be due to Bank of America either on
or some time prior to the Effective Date. After satisfying the
Class 2 claims and administrative expense claims, which is expected
to take one year, the Debtor will commence making $16,083 monthly
payments to the Reserve Account for the remainder of the Plan term.
The Reserve Account is meant both to provide an operating reserve
for the Debtor and to fund payments to the unsecured creditors.

The Disclosure Statement is available at:

     http://bankrupt.com/misc/txsb16-34744-102.pdf

                   About R.E.S. Nation

R.E.S. Nation, LLC, represents commercial and industrial
Businesses
that buy electricity in deregulated service territories, where
R.E.S. procures customers for retail energy providers pursuant to
written agreements with the provider and is paid a commission over
time during the term of the customer agreement.

R.E.S. Nation, LLC, filed a Chapter 11 petition (Bankr. S.D. Tex.
Case No. 16-34744), on Sept. 23, 2016.  The petition was signed by
Jeffrey Nowling, manager.  The Debtor tapped Susan C. Matthews,
Esq., at Baker, Donelson, Bearman,  Caldwell & Berkowitz, APC.  At
the time of filing, the Debtor estimated assets and liabilities at
up to $50,000.

U.S. Trustee Judy A. Robbins on Nov. 10 disclosed in a court
filingthat no official committee of unsecured creditors has been
appointed in the Chapter 11 case of R.E.S. Nation, LLC.


RESOLUTE INVESTMENT: Moody's Affirms Ba3 CFR; Outlook Stable
------------------------------------------------------------
Moody's Investors Service has affirmed the Ba3 corporate family
rating (CFR) of Resolute Investment Managers, Inc. The rating
agency also upgraded RIM's senior secured first lien term loan and
revolving credit facility ratings to Ba2 from Ba3 and downgraded
its senior secured second lien term loan rating to B2 from B1, and
assigned a Ba3-PD probability of default rating. The outlooks on
these ratings are stable. The rating actions follow RIM's
announcement that it will purchase a majority interest in Shapiro
Capital Management, LLC.

RIM will fund the acquisition with additional borrowing on its
existing term loan facility. The company's senior secured first
lien term loan will increase by $75 million to $297 million and its
senior secured second lien term loan will increase by $25 million
to $105 million.

RATINGS RATIONALE

The rating actions on the senior secured first lien term loan,
revolving credit facility and senior secured second lien term loan
result from the application of Moody's "loss given default" (LGD)
methodology to guide notching decisions for obligations issued by
speculative-grade issuers. Moody's used its LGD model to assign
ratings to the different classes of RIM's debt. The senior secured
first lien term loan's single notch of uplift from the CFR results
from the enhanced protection the subordinated loans provide to a
senior creditor.

RIM's Ba3 corporate family rating reflects the company's versatile
sub-advisory business model, diversified investment offerings,
superior investment performance, and broad distribution reach.
These strengths are tempered by the company's modest scale,
concentration of assets under management (AUM), and high leverage.

The acquisition of SCM is expected to raise leverage, as adjusted
by Moody's, to the 6x range, but it will add approximately $4
billion to RIM's AUM base. This is the largest transaction that RIM
has completed to date, which advances its long-held strategy to
grow through opportunistic acquisitions and focus on in-house
manufacturing.

The rating agency added that the following factors could lead to an
upgrade of RIM's CFR: 1) rapid deleveraging such that Debt/EBITDA
is below 3.0x; and 2) achieving an annual AUM growth rate of above
3%.

Conversely, factors that could lead to a downgrade of RIM's CFR
include: 1) leverage sustained above 6.0x; 2) a sustained drop in
organic growth rate; 3) reputational risk from the failure of new
products to meet investors' expectations, particularly more
illiquid and complex products such as bank loans, private equity
and liquid alternatives; 4) management and/or key person turnover.

RIM is the parent company of American Beacon Advisers, Inc. which
manages and distributes sub-advised mutual funds for defined
contribution retirement and retail investors, as well as pension
and cash management programs. RIM had $54.2 billion of assets under
management as of December 31, 2016.

RIM's ratings following these rating actions are as follows:

LT Corporate Family Ratings: Ba3; Stable

$297 million Senior Secured First Lien Term Loan Facility: Ba2;
Stable

$105 million Senior Secured Second Lien Term Loan Facility: B2;
Stable

$40 million Revolving Credit Facility: Ba2; Stable

The principal methodology used in this rating was Asset Managers:
Traditional and Alternative, published in December 2015.


RSP PERMIAN: Moody's Raises Corporate Family Rating to B1
---------------------------------------------------------
Moody's Investors Service upgraded RSP Permian, Inc.'s (RSP
Permian) Corporate Family Rating (CFR) to B1 from B2, and the
ratings on its senior unsecured notes to B2 from B3. The SGL-2
Speculative Grade Liquidity (SGL) rating was affirmed. The ratings
outlook is positive. This concludes the rating review that was
initiated on October 14, 2016.

"With the acquisition of Silver Hill Energy Partners, RSP Permian
has significantly increased its production and acreage position,
including diversification into the Delaware Basin, leading to
improved cash flow and production based leverage metrics in 2017 as
the overall transaction was funded with a significant equity
component," said Amol Joshi, Moody's Vice President.

Changes:

Issuer: RSP Permian, Inc.

-- Corporate Family Rating, Upgraded to B1 from B2

-- Probability of Default Rating, Upgraded to B1-PD from B2-PD

-- Senior Unsecured Notes, Upgraded to B2 (LGD5) from B3 (LGD5)

Affirmations:

Issuer: RSP Permian, Inc.

-- Speculative Grade Liquidity Rating, Affirmed at SGL-2

Outlook Actions:

Issuer: RSP Permian, Inc.

Outlook, Changed to Positive

RATINGS RATIONALE

On October 14, 2016, Moody's placed RSP Permian on review for
upgrade following the announcement that it entered into definitive
agreements to acquire Silver Hill Energy Partners, LLC (SHEP I,
unrated) and Silver Hill E&P II, LLC (SHEP II, unrated, and
together with SHEP I, Silver Hill) for $1.25 billion in cash and 31
million shares of RSP Permian common stock implying a roughly $2.4
billion purchase price. The cash component of the purchase price
was largely funded with an equity issuance launched
contemporaneously with the acquisition announcement. The
acquisition closed in two steps: SHEP I closed on November 28,
2016, and SHEP II closed on March 1, 2017. The acquisition is
sizeable, diversifying RSP Permian's assets into the Delaware Basin
in Texas, and increasing RSP Permian's net acreage position by
about 60% to approximately 100,000 net acres. The acquisition also
significantly increased its proved reserves and production, with
pro forma proved reserves of 283 million barrels of oil equivalent
(boe) at year-end 2016, and expected 2017 production approaching
55,000 boe per day. The acquired acreage is oil and natural gas
liquids rich, and the company will maintain significant operational
control with approximately 80% of the acreage operated, and an
average working interest of over 80% in the operated properties.
Given that the acquisitions were funded predominantly with equity,
Moody's expects RSP Permian's cash flow and production based
leverage metrics to improve, including RSP Permian's Retained Cash
Flow/Debt and Debt/Average Daily Production metrics.

The upgrade of the Corporate Family Rating (CFR) to B1 reflects RSP
Permian's strong cash margins derived from high-quality oil
production and moderate cash flow based leverage metrics, while
factoring in the significant capital that is needed to develop the
company's assets in West Texas. The rating also considers the
company's modest size and scale with significant growth
opportunities embedded in the company's prolific Permian Basin
acreage. Moody's expects RSP Permian to continue to outspend cash
flow through 2017 and into 2018 based on Moody's price estimates
and the company's planned capital spending levels. The company
operates most of its proved reserves, providing a high degree of
operational control and with it the flexibility to reduce spending
in a low commodity price environment.

The B2 senior unsecured notes rating reflects the subordination of
the notes to the large secured borrowing base revolving credit
facility and its priority claim to the company's assets. The size
of the revolver relative to RSP Permian's outstanding senior
unsecured notes results in the notes being rated one notch below
the B1 CFR under Moody's Loss Given Default Methodology.

RSP Permian should have good liquidity through 2017 as indicated by
the SGL-2 Speculative Grade Liquidity Rating. On December 20, 2016,
RSP Permian entered into an amended and restated credit agreement,
which increased the revolving credit facility borrowing base to
$950 million, with an elected commitment of $900 million. Upon
closing of the SHEP II transaction, RSP Permian's borrowing base
automatically increased to $1.1 billion; however, RSP Permian plans
to leave its $900 million elected commitment unchanged. At December
31, 2016 the company had no outstanding borrowings on its revolving
credit facility, as well as $109 million in cash on the balance
sheet pro forma for the SHEP II acquisition. The company conducted
debt and equity capital markets activity in the fourth quarter of
2016 to fund the Silver Hill transactions: in October 2016, the
company issued 25.3 million shares for approximately $1.0 billion
in net proceeds; in December 2016, the company issued $450 million
aggregate principal amount of 5.25% senior unsecured notes due
2025. Moody's anticipates that RSP Permian's 2017 capital budget
will exceed retained cash flow under Moody's price estimates, which
can be funded with cash on hand, borrowings under its revolving
credit facility, or additional capital markets transactions. The
revolver requires RSP Permian to maintain a current ratio in excess
of 1x and debt to EBITDA below 4.25x, for which the company has
significant compliance headroom that Moody's expects to continue
into 2018.

The positive outlook reflects that RSP Permian's rating may be
upgraded if it continues to execute on its growth plans in the next
12-18 months while maintaining a good cost structure and favorable
credit metrics. If RSP Permian is able to maintain production
growth at competitive costs, sustain RCF/debt ratio above 40% and
leveraged full cycle ratio (LFCR) above 1.5x, and minimize ongoing
cash flow outspend, the ratings could be upgraded. Moody's could
consider a negative outlook or a downgrade if the RCF/debt ratio
falls below 15% or debt to average daily production exceeds $30,000
per boe.

RSP Permian, Inc. (RSP Permian) is an independent exploration and
production (E&P) company formed in September 2013, focused on the
acquisition, exploration, development and production of
unconventional oil and associated liquids-rich natural gas reserves
in the Permian Basin of West Texas.

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


S&S SCREW: May Use Cash Collateral Until April 6
------------------------------------------------
The Hon. Randal S. Mashburn of the U.S. Bankruptcy Court for the
Middle District of Tennessee has entered a fourth agreed order
authorizing S&S Screw Machine Company, LLC, to use cash collateral
until April 6, 2017.

A final hearing on the approval of the Debtor's request to use cash
collateral is scheduled for April 6, 2017, at 9:30 a.m.

As reported by the Troubled Company Reporter on Nov. 18, 2016,
Judge Mashburn authorized the Debtor to use cash collateral on an
interim basis, until Feb. 9, 2017.  Regions Bank asserted a lien on
the Debtor's assets to secure obligations totaling approximately
$3,364,485.  Regions Bank also asserted that all the Debtor's cash
and cash equivalents are part of the collateral and are cash
collateral of Regions Bank.  The Internal Revenue Services has a
tax lien in the amount of $2,209,090.  The IRS Debt is subordinate
to the Regions Loan and is undersecured or unsecured.

As adequate protection, Regions and the IRS are granted replacement
liens.

Unless an objection is timely filed and sustained, the Debtor will
pay to Regions $20,000 per month as additional adequate protection
for the use of Regions' collateral through the cash collateral
period, starting on Dec. 15 and continuing from month to month on
the 15th of each month during the term of the court order.  Each
monthly payment will be applied to the secured claim of Regions.
Any party in interest objecting to the monthly payment to Regions
must file a written objection with the Court by no later than March
1, 2017.  Upon receipt of a timely-filed, written objection, the
Court will hold a hearing to determine the necessity of the monthly
payment on March 9, 2017, at 9:30 a.m.

The court order and the budget is available at:

           http://bankrupt.com/misc/tnmb16-06829-105.pdf

                  About S&S Screw Machine Company

S&S Screw Machine Company, LLC, doing business as S&S - Precision,
filed a chapter 11 petition (Bankr. M.D. Tenn. Case No. 16-06829)
on Sept. 24, 2016.  The petition was signed by Lawrence J. Battle,
authorized member.  The Debtor is represented by Phillip G. Young,
Jr., Esq., at Thompson Burton PLLC.  The case is assigned to Judge
Randal S. Mashburn.  The Debtor estimated assets and liabilities at
$1 million to $10 million at the time of the filing.

The Office of the U.S. Trustee appointed three creditors to serve
on the Official Committee of Unsecured Creditors: Kenny Wine, of
Joseph T. Ryerson & Son; Del Miller, of Kaiser Aluminum Fabricated

Products; and Stephen L. Cochran, of Production Pattern & Foundry
Co.


S. HEMENWAY: Unsecured Claims Increased to $390K Under Latest Plan
------------------------------------------------------------------
S. Hemenway, Inc., filed with the U.S. Bankruptcy Court for the
District of Minnesota its latest disclosure statement, which
explains the company's plan to exit Chapter 11 protection.

Under the latest restructuring plan, the total amount of Class 4
non-insider unsecured claims was increased to $390,000 from
$130,000.  Included in Class 4 are the non-priority unsecured
claims of the Internal Revenue Service and the Minnesota Department
of Revenue.  Also included are claims of Unity Bank that are
guaranteed by S. Hemenway.

S. Hemenway will pay each Class 4 unsecured creditor 5% of its
allowed claim on or before Dec. 30, according to the disclosure
statement filed on Feb. 23.

A full-text copy of the first amended disclosure statement is
available for free at:

                   https://is.gd/W6VdEV

                  About S. Hemenway Inc.

S. Hemenway Inc., operator of a Visiting Angel franchised nursing
home, filed a Chapter 11 bankruptcy petition (Bankr. D. Minn. Case
No. 16-31466) on May 2, 2016.  The petition was signed by Scott
Hemenway, the president.  Judge Katherina A. Constantine has been
assigned the case.


SBN FOG CAP: Files New Plan, Unsecureds to be Paid in Full
----------------------------------------------------------
SBN Fog Cap II LLC filed with the U.S. Bankruptcy Court in Colorado
a new Chapter 11 plan of liquidation, which proposes to pay
unsecured creditors in full.

Under the new plan, unsecured creditors, excluding insiders, will
be paid 100 cents on the dollar for their claims.  These creditors
will be paid in full in cash on the effective date of the plan.

The total amount of unsecured claims allowed by the court is
estimated to be between $2,170 and $665,464.  Meanwhile, SBN Fog
Cap II has almost $4 million in "unencumbered cash" as of Dec. 31,
2016, which it obtained through the liquidation of its assets and
interests in certain "causes of action," according to the company's
disclosure statement filed on Feb. 23.

The remaining unencumbered cash will be distributed to the estate
of Fog Cap Retail Investors LLC, an affiliate of the company.  SBN
Fog Cap II will then be dissolved by Edward Cordes, the official
proposed by the company to oversee the liquidating trust that will
be created under the plan.

The full recovery for unsecured creditors could only decrease if
the court allowed the non-insider contested claims of Stratford
Holding LLC, Foot Locker Inc. and the Elaine K. Hall Revocable
Trust.

The new liquidating plan was filed more than two months after the
court denied the disclosure statement explaining the joint
liquidating plan initially filed by the company and its affiliate
Fog Cap Retail Investors LLC on Oct. 11 last year.  The new plan is
not being filed jointly with Fog Cap Retail.

A copy of the Feb. 23 disclosure statement is available for free
at:

                    https://is.gd/1amH2d

                       About SBN Fog Cap &
                    Fog Cap Retail Investors

Fog Cutter Capital Group, Inc., as the sole member, formed Fog Cap
Retail Investors LLC on Aug. 20, 2002.  Fog Cap was formed for the
purpose of entering into a portfolio sale agreement dated Sept. 25,
2002, with Foot Locker Retail, Inc., for the purchase of certain
master leases for real property leases which were operated, or
formerly operated as, retail shoe stores.  At that time, Fog Cap's
portfolio was managed by Egelhoff Property Advisors LLC.

SBN Fog Cap II LLC, based in Denver, Colorado, filed a Chapter 11
petition (Bankr. D. Colo. Case No. 16-13815) on April 20, 2016.  In
its petition, SBN Fog Cap estimated $1 million to $10 million in
assets and $100,000 to $500,000 in liabilities.

Fog Cap Retail Investors LLC, also based in Denver, filed a
separate Chapter 11 petition (Bankr. D. Colo. Case No. 16-13817) on
April 20, 2016.  It estimated $1 million to $10 million in both
assets and liabilities.

Both petitions were signed by Steven C. Petrie, chief executive
officer.  

The cases were jointly administered pursuant to an Order of the
bankruptcy Court dated June 2, 2016.  The Hon. Thomas B. McNamara
presides over the cases. James T. Markus, Esq., at Markus Williams
Young & Simmermann LLC, serves as counsel to the Debtors.

On May 25, 2016, the Unsecured Creditors' Committee was formed by
the U.S. Trustee in the case of Fog Cap Retail Investors LLC only.


SHEARER'S FOODS: Moody's Lowers Corporate Family Rating to B3
-------------------------------------------------------------
Moody's Investors Service downgraded Shearer's Foods, LLC's
Corporate Family Rating (CFR) to B3 from B2 and the Probability of
Default Rating to B3-PD from B2-PD. Moody's also downgraded the
first lien term loan, incremental first lien term loan, and first
lien senior secured notes to B3 from B1. At the same time, Moody's
downgraded the second lien term loan to Caa2 from Caa1. The ratings
outlook is stable.

The downgrade of Shearer's CFR to B3 reflects the company's
consistently weak to negative free cash flow and Moody's
expectation that earnings will be lower than it previously thought
resulting in debt/EBITDA remaining above 6.5 times through fiscal
year end 2018. Moody's lowered its earnings expectations due to a
greater degree of competition that is negatively impacting revenue.
In addition, costs will be higher than originally anticipated
because a couple of plants are not performing up to original
expectations and SG&A expenses are higher due to additional support
resources needed for the addition of the Barrel O' Fun business.

The downgrade of the secured notes and 2021 term loan to B3, the
same as the Corporate Family Rating, also reflects an assumption
that modest borrowings will remain outstanding under the company's
asset-based revolving credit facility, which has a priority lien on
accounts receivables and inventory.

Moody's took the following rating actions on Shearer's Foods, LLC:

Ratings Downgraded:

- Corporate Family Rating to B3 from B2

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

- 9% Sr. Sec. Notes due 2019 to B3 (LGD 3) from B1 (LGD 3)

- $225 mil. 1st lien term loan due 2021 to B3 (LGD 3) from
   B1 (LGD 3)

- $290 mil. 1st lien term loan due 2021 to B3 (LGD 3) from B1
   (LGD 3)

- $225 mil. 2nd lien term loan due 2022 to Caa2 (LGD 5) from Caa1
   (LGD 5)

The ratings outlook is stable.

RATINGS RATIONALE

Shearer's B3 Corporate Family Rating reflects the company's very
high financial leverage, significant customer concentration, and
low profitability. The rating also reflects the company's leading
position as a producer of private label snacks and its good
liquidity supported by modest projected free cash flow, more than
$100 million of unused availability under the $125 million
revolver, and a covenant lite structure.

The stable outlook incorporates Moody's expectation that leverage
will remain very high and liquidity remains good.

Ratings could be upgraded if revenue is maintained or grows, the
company generates consistent and meaningfully positive free cash
flow, and debt/EBITDA is sustained below 6.5 times.

Ratings could be downgraded if revenue declines, operating
performance weakens, or liquidity deteriorates.

Headquartered in Massillon, Ohio, Shearer's Foods, LLC. is a
leading private label and contract manufacturer of food products
such as kettle chips, tortilla chips, potato chips, rice crisps,
extruded cheese snacks, cookies and crackers. Shearer's is majority
owned by Ontario Teachers' Pension Plan. Revenue was $1.2 billion
for the twelve months ending December 24, 2016.

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


SHOES.COM: Receiver's Deadline to Submit Bids on March 17
---------------------------------------------------------
Alvarez & Marsal Canada Inc., in its capacity as court-appointed
Receiver of Shoes.com Technologies Inc. and Shoeme Technologies
Limited, is seeking offers to purchase the Receiver's interest in
the Companies' assets which include domain names and other
intellectual property as well as shoe and apparel inventory.

The Companies own a portfolio of 17 domain names and associated
trademarks and approximately 23,600 units of footwear and apparel
with an estimated retail value of $3.1 million located at a
third-party logistics facility in Brampton, Ontario.

Deadline for submitting offers is l0:00 a.m. PST on March 17,
2017.

An invitation for offers and non-disclosure agreement are available
at http://www.alvarezandmarsal.com/shoesor are available by
contacting Marianna Lee (marianna.lee@alvarezandmarsal.com) by
telephone at 604.639.0845 or by fax at 604.638.7441.


SOUTHCROSS ENERGY: Enters Severance Agreement with Former CEO
-------------------------------------------------------------
As previously disclosed on January 9, 2017, John E. Bonn stepped
down as President and Chief Executive Officer of Southcross Energy
Partners GP, LLC, the general partner of Southcross Energy
Partners, L.P. On February 21, 2017, Mr. Bonn entered into a
Severance Agreement and General Release with the General Partner
(the "Release Agreement").

Under the Release Agreement, provided that Mr. Bonn has not revoked
the Release Agreement, Mr. Bonn will receive the Severance Payment
(as defined in Mr. Bonn's Employment Agreement, dated as of March
5, 2015, by and between the General Partner and Mr. Bonn), as
previously disclosed. The Release Agreement includes a general
release of claims by Mr. Bonn and customary restrictive covenants.

A full-text copy of the Form 8-K regulatory filing is available at:


                             https://is.gd/IpEgAy

                       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.


SPECTRUM HEALTHCARE: Repairs Get on Hold at 1 Facility, PCO Says
----------------------------------------------------------------
Nancy Shaffer, the appointed Patient Care Ombudsman for Spectrum
Healthcare LLC, et al., has reported to the U.S. Bankruptcy Court
for the District of Connecticut on February 17, 2016, the quality
of life and care on behalf of the residents of the Debtors'
facilities at the Spectrum Healthcare Derby, LLC; Spectrum
Healthcare Hartford; Spectrum Healthcare Manchester; and Spectrum
Healthcare Torrington.

The PCO reported that there are no complaints reported to him
during his visit at Spectrum Healthcare Derby, LLC, and Spectrum
Healthcare Manchester.

The PCO also reported that the Administrator at Spectrum Healthcare
Hartford is nominated for an award by the American College of
Health Care Administrators for success in quality of care measures
such as pressure ulcers, pain management and use of psychotropic
medications.

According to the Report, the Regional Ombudsman at Spectrum
Healthcare Torrington observes that its physical plant continues to
require repair.  The PCO reported that there is an ongoing
situation of stained ceiling tiles and leaks in the ceiling
throughout the facility.  As noted in the last report, the
Administrator was securing repair estimates and it now appears that
repairs are on hold as the landlord is reportedly awaiting a change
of ownership of the home.

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

      http://bankrupt.com/misc/ctb16-21635-303.pdf

                               About Spectrum Healthcare

Spectrum Healthcare, LLC, and its affiliates sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. D. Conn. Case Nos.
16-21635 to 16-21639) on October 6, 2016. The petitions were signed
by Sean Murphy, chief financial officer.

The Debtors are represented by Elizabeth J. Austin, Esq., Irve J.
Goldman, Esq., and Jessica Grossarth, Esq., at Pullman & Comley,
LLC. Blum, Shapiro & Co., P.C. serves as their accountant and
financial advisor.

At the time of filing, the Debtors listed these assets and
liabilities:

                                          Total        Estimated
                                          Assets      Liabilities
                                        ----------    -----------
Spectrum Healthcare                     $282,369      $500K-$1M
Spectrum Healthcare Derby               $2,068,467      $1M-$10M
Spectrum Healthcare Hartford            $4,188,568        N/A
Spectrum Healthcare Manchester, LLC     $2,729,410        N/A
Spectrum Healthcare Torrington, LLC     $3,321,626        N/A

Spectrum Healthcare and its affiliates previously filed Chapter 11
petitions (Bankr. D. Conn. Case No. 12-22206) on Sept. 10, 2012.

William K. Harrington, the United States Trustee for the District
of Connecticut, appointed Nancy Shaffer, M.A., a member of the
Connecticut Long Term Care Ombudsman's Office, as the Patient Care
Ombudsman for Spectrum Healthcare Derby, LLC, Spectrum Healthcare
Hartford, LLC, Spectrum Healthcare Manchester, LLC, and Spectrum
Healthcare Torrington, LLC.


SPENCER TRANSPORTATION: JB&B Wants Adequate Protection Payments
---------------------------------------------------------------
Secured creditor J.B. & B. Capital, LLC fka J.B. & B. Investments,
LLC, filed with the U.S. Bankruptcy Court for the Northern District
of Alabama a motion for adequate protection payments or in the
alternative motion to prohibit Spencer Transportation, LLC's use of
cash collateral.

On Sept. 18, 2015, the Debtor executed with JB&B an equipment
finance agreement pursuant to which the Debtor financed the
purchase from Southland International Trucks, Inc., of a 2016
Benson 524 48" Aluminum Flatbed Trailer.

JB&B has a valid perfected first priority purchase money security
interest in the collateral.

The Debtor is prohibited from using cash collateral unless: (1)
each entity that has an interest in the cash collateral consents;
or (2) the Court, after notice and a hearing, authorizes the
Debtor's use of cash collateral.

JB&B has not yet consented to the Debtor's use of cash collateral
but would be willing to do so provided it receives adequate
protection payments.

JB&B has been informed by the Debtor that it intends to retain the
collateral and use it in connection with its operations.

The Debtor continues to enjoy the benefit of the protection of the
automatic stay and possession the collateral without having to make
payments.

JB&B claims that the collateral continues to depreciate.  

JB&B can be reached at:

     Alto Lee Teague, IV, Esq.
     ENGEL, HAIRSTON & JOHANSON, P.C.
     P.O. Box 11405
     Birmingham, AL 35202
     Tel: (205) 328-4600
     E-mail: lteague@ehjlaw.com

                 About Spencer Transportation

Spencer Transportation, LLC, filed a Chapter 11 petition (Bankr.
N.D. Ala. Case No. 17-70012), on Jan. 4, 2017.  The petition was
signed by its Manager, Dwayne F. Haney.  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 Lee
R. Benton, Esq., at Benton & Centeno, LLP.


STANDFAST USA: Files Chapter 11 Plan of Liquidation
---------------------------------------------------
Standfast USA, LLC, filed with the U.S. Bankruptcy Court for the
Eastern District of Missouri a disclosure statement for the
Debtor's plan of liquidation dated Feb. 27, 2017.

A hearing to determine the adequacy of the Disclosure Statement has
been scheduled for March 27, 2017, at 11:00 a.m. Central Standard
Time.

Class 3 Allowed Unsecured Claimants will receive payment from the
liquidation proceeds of any assets of the Debtor including Chapter
5 Actions of the Debtor.  If there are insufficient funds to pay
the Class 3 Claimants in full, the claimants will receive pro rata
distributions after payment in full of the Priority Tax Claims,
Administrative Claims and Class 1 and Class 2 claims, and following
resolution of all claim objections; provided, however, that no
holder of an Allowed General Unsecured Claim will receive
distributions that aggregate to more than the amount of the
holder's Allowed General Unsecured Claim.

Class 3 is impaired under the Plan.

The Debtor has filed a motion to sell substantially all assets of
the Debtor.  As of the Petition Date, the Debtor was indebted to
O’Brien Capital pursuant to the terms of a Consolidated
Promissory Note in the amount of $2,141,391.39.  O'Brien Capital
also is the holder of the current Debtor in Possession secured lien
in the Debtor's assets.  The outstanding amount of the DIP loan as
of Jan. 31, 2017, was approximately $188,000.  Pursuant to the
terms of the sale motion, O'Brien Capital will credit bid against
its outstanding DIP loan and unsecured claim for the assets of the
Debtor including the Debtor's inventory, furniture, fixtures,
equipment, accounts receivable and intangibles (domain name,
telephone number, Standfast USA name).

The Disclosure Statement is available at:

           http://bankrupt.com/misc/moeb16-46691-37.pdf

The Plan was filed by the Debtor's counsel:

     Spencer P. Desai, Esq.
     CARMODY MACDONALD P.C.
     120 South Central Avenue, Suite 1800
     St. Louis, Missouri 63105
     Tel: (314) 854-8600
     E-mail: spd@carmodymacdonald.com

                   About Standfast USA LLC

Standfast USA, LLC, based in Saint Louis, Missouri, filed a Chapter
11 petition (Bankr. E.D. Mo. Case No. 16-46691) on Sept. 16, 2016.
The Hon. Kathy A. Surratt-States presides over the case.  Spencer
P. Desai, Esq., and Danielle A. Suberi, Esq., at Desai Eggmann
Mason LLC, serve as bankruptcy counsels.

In its petition, the Debtor's declared $580,903 in total assets and
$2.61 million in total liabilities.  The petition was signed by
Ronald Starczewski, restructuring officer.


STARPORT TRANSPORTATION: Seeks to Hire JB James as Legal Counsel
----------------------------------------------------------------
Starport Transportation, Inc. seeks approval from the U.S.
Bankruptcy Court for the Western District of Missouri to hire legal
counsel.

The Debtor proposes to hire JB James Law Firm, PC to give advice
regarding its duties under the Bankruptcy Code, and provide other
legal services related to its Chapter 11 case.

Angela Acree, Esq., at JB James, the attorney designated to
represent the Debtor, will charge an hourly rate of $275.
Paralegals will charge $125 per hour.

JB James does not represent any interest adverse to the Debtor,
according to court filings.

The firm can be reached through:

     Angela D. Acree, Esq.
     JB James Law Firm, PC
     4650 S. National, Ste. C-5
     Springfield, MO 65810
     Tel: 417-886-5940
     Fax: 417-886-4343
     Email: aacree@jbjameslawfirm.com
     Email: law@JBJamesLawFirm.com

                 About Starport Transportation

Starport Transportation, Inc. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. W. D. Mo. Case No. 17-60184) on
February 28, 2017.  The petition was signed by Michael Dean Moss,
president.  The case is assigned to Judge Arthur B. Federman.

At the time of the filing, the Debtor disclosed $1.01 million in
assets and $2.3 million in liabilities.


STONERIDGE PARKWAY: Aevitas to Get $7.4MM to $8.75MM, Plus 18%
--------------------------------------------------------------
Stoneridge Parkway, LLC, filed with the U.S. Bankruptcy Court for
the District of Nevada a fourth amended disclosure statement for
the Debtor's fourth amended plan of reorganization.

As specified in this filing, a critical goal of the Debtor's
efforts to stabilize and maintain its business was the ability to
obtain sufficient working capital to pay to continue to maintain
the 272 acre planned community located in Las Vegas, Nevada,
comprised of some 1,520 homes built around a 27 hole championship
golf course.  The Debtor is currently in negotiations with its
secured lender, Aevitas Capital, LLC, as well as a replacement
lender, to obtain debtor-in-possession financing to maintain the
Property through confirmation of the Plan.

Currently, the Golf Course Agreement requires the Debtor to
maintain the Property in a clean, safe, attractive and reasonably
weed-free condition.  Due to the Debtor's acquisition of the
Property from Desert Lifestyles, LLC, the Debtor is maintaining the
Property as best it can under the circumstances.  The Debtor is
seeking additional financing to continue maintaining as much of the
Property as reasonably possible, including the repair of part of
the watering system, which repairs are estimated to cost
approximately $15,000.  The source of funding for these repairs
will come from Danny Modab, the Debtor's managing member, or the
Debtor's proposed debtor-in-possession financing, either through
Aevitas or Vegas by Locals, LLC.

The Golf Course Agreement is the "Second Amended and Restated
Reciprocal Easement Agreement and Covenant to Share Costs" entered
into by Pulte Homes with then-owner of the Golf Course, Meadowbrook
Spa, LLC.  The Agreement was recorded on June 14, 2002.  By its own
terms, the Agreement creates an easement and restrictive covenant
attached to the Silverstone Property and the Golf Course.

The Debtor also intends on selling approximately 64-90 acres of the
272 acres of the Property for development, and leaving the
remaining 182-208 acres of the Property with the Reorganized Debtor
for the Silverstone Ranch Community Association and homeowners in
full satisfaction of their respective claims against the Debtor.

In the previous plan, the  Debtor only planned to sell
approximately 60 acres of the 272 acres of its Las Vegas property
for development to Mr. Modab.  The company acquired the Silverstone
Ranch Community Golf Course from DLS in 2015.

Under the latest plan, the secured claim of Aevitas Capital will be
paid in full either on or before June 30, 2017, in the amount of
$7,400,000 or as of July 1, 2017, in the amount of $8,802,206, plus
simple interest at 18%.  If payment is not made by Oct. 15, 2017,
Aevitas will be entitled to exercise its rights and remedies under
its loan documents, including the note and deed of trust.

The previous proposal was to pay Aevitas Capital in full on or June
30, 2017, in the amount of $7,400,000 or July 1, 2017, in the
amount of $8,750,000, plus simple interest at 18%.

Class 7 general unsecured claimants will be paid 100% of their
claims from the Debtor's sale of the Development Property, after
payment of all secured, administrative and priority claims.  If the
strategy is unsuccessful, Class 7 claimants will receive nothing
under the plan.  The general unsecured claims (apart from Homeowner
claims) filed against the estate are in excess of $150,000,000.

The Debtor anticipates that through negotiation with the parties
during the confirmation process, it may become amenable or in the
best interests of the estate and creditors to develop additional
land in order to provide for the greater payment of Allowed
Claims.

A blacklined version of the Fourth Amended Disclosure statement is
available at:

            http://bankrupt.com/misc/nvb16-11627-584.pdf

                    About Stoneridge Parkway

Stoneridge Parkway, LLC, a California limited liability company,
was formed on Aug. 3, 2015.  On Dec. 16, 2015, the Debtor acquired
the Silverstone Ranch Community Golf Course, located at 8600 Cupp
Drive, Las Vegas, Nevada 89131 from the prior owner, Desert
Lifestyles, LLC.  Danny Modab is the Debtor's managing member and
90% membership interest holder.  Stoneridge Parkway Investors,
Inc., a Nevada corporation, is a 10% membership interest holder of
the Debtor.  The property was formerly a 27-hole golf course;
however, the course has not been in operations since Sept. 1,
2015.
Currently, the Debtor does not generate income from the property,
and when a golf course was operated at the site, it operated at a
loss.

The Debtor sought protection under Chapter 11 (Bankr. C.D. Cal.
Case No. 15-14111) on Dec. 18, 2015.  The petition was signed by
Danny Modab, managing member.  

The venue was later transferred to the U.S. Bankruptcy Court for
the District of Nevada (Case No. 16-11627).

The Debtor estimated assets of $100,000 to $500,000 and debts of
$1
million to $10 million.  The Debtor is represented by Samuel A.
Schwartz, Esq., at Schwartz Flansburg PLLC, in Las Vegas, Nevada.


SUMMIT INVESTMENT: Case Summary & 4 Unsecured Creditors
-------------------------------------------------------
Debtor: Summit Investment Co., Inc.
        P.O. Box 4124
        Salisbury, NC 28145

Case No.: 17-50230

Chapter 11 Petition Date: March 2, 2017

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

Judge: Hon. Lena M. James

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

Total Assets: $1.76 million

Total Liabilities: $1.63 million

The petition was signed by B.C. Lindsay, Jr., president.

A copy of the Debtor's list of four unsecured creditors is
available for free at http://bankrupt.com/misc/ncmb17-50230.pdf


SUNEDISON INC: Former Executives File Whistleblower Lawsuits
------------------------------------------------------------
Liz Hoffman, writing for The Wall Street Journal, reported that two
former executives at SunEdison Inc., filed whistleblower lawsuits
claiming they were fired after sounding the alarm about the
company's precarious finances.

According to the Journal, Carlos Domenech and Pancho Perez, who
held senior positions at TerraForm Power Inc. and TerraForm Global
Inc., two SunEdison subsidiaries that are key to providing
financing to the solar-project developer, sued their former
employers and top officials including former SunEdison Chief
Executive Ahmad Chatila.  They are seeking back pay and damages for
what they say were retaliatory firings after they voiced concerns
to senior management and the board, the report related.

The Journal pointed out that the lawsuits, filed in Maryland
federal court, echo much of what was in a Journal article last year
that chronicled SunEdison's dizzying collapse and reported that
company executives, including Mr. Chatila, had misrepresented its
finances to investors before the bankruptcy.

Messrs. Domenech and Perez were among a group of senior executives
who took their concerns to the board, according to the lawsuits,
the report further related.  They allege in court filings that they
were brushed aside and that company executives pressured them to go
along with the revised projections showing the company on firmer
footing, the report said.

Mr. Domenech was fired in late November 2015, at a board meeting in
which several TerraForm executives and board members were replaced
by SunEdison appointees, the Journal said, citing regulatory
filings. Mr. Perez says he was forced to resign in January 2016,
the report added.

                         About SunEdison, Inc.

SunEdison, Inc. (OTC PINK: SUNEQ), is a developer and seller of
photovoltaic energy solutions, an owner and operator of clean
power
generation assets, and a global leader in the development,
manufacture and sale of silicon wafers to the semiconductor
industry.

On April 21, 2016, SunEdison, Inc., and 25 of its affiliates each
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case Nos.
16-10991 to 16-11017).  Martin H. Truong, the senior vice
president, general counsel and secretary, signed the petitions.
The
Debtors disclosed total assets of $20.7 billion and total debt of
$16.1 billion as of Sept. 30, 2015.

The Debtors have hired Skadden, Arps, Slate, Meagher & Flom LLP as
counsel, Togut, Segal & Segal LLP as conflicts counsel, Rothschild
Inc. as investment banker and financial advisor, McKinsey Recovery
& Transformation Services U.S., LLC, as restructuring advisors and
Prime Clerk LLC as claims and noticing agent.  The Debtors
employed
PricewaterhouseCoopers LLP as financial advisors; and KPMG LLP as
their auditor and tax consultant.

SunEdison also has tapped Eversheds LLP as its special counsel for
Great Britain and the Middle East. Cohen & Gresser LLP has also
been retained as special counsel.

The Debtors retained Ernst &Young LLP to provide tax-related
services.  Keen-Summit Capital Partners LLC has been hired as real
estate advisor.  Binswanger of Texas, Inc. also has been retained
as real estate agent.

Sullivan & Cromwell LLP serves as counsel to TerraForm Power,
Inc.,
and TerraForm Global, Inc.

An official committee of unsecured creditors has been appointed in
the case.  The Committee tapped Weil, Gotshal & Manges LLP as its
general bankruptcy counsel and Morrison & Foerster LLP as special
counsel.  Togut, Segal & Segal LLP and Kobre & Kim LLP serve as
conflicts counsel.  Alvarez & Marsal North America, LLC, serves as
the Committee's financial advisors.

Counsel to the administrative agent under the Debtors' prepetition
first lien credit agreement are Richard Levy, Esq., and Brad
Kotler, Esq., at Latham & Watkins.

Counsel to the administrative agent under the postpetition DIP
financing facility are Scott Greissman, Esq., and Elizabeth Feld,
Esq. at White & Case LLP.

Counsel to the Tranche B Lenders (as defined in the DIP credit
agreement) and the steering committee of the second lien creditors
are Arik Preis, Esq., and Naomi Moss, Esq., at Akin Gump Strauss
Hauer & Field, LLP.

Counsel to the administrative agent under the Debtors' prepetition
second lien credit agreement is Daniel S. Brown, Esq., at
Pillsbury
Winthrop Shaw Pittman LLP.

The collateral trustee under the Debtors' prepetition second lien
credit agreement and the indenture trustee under each of the
Debtors' outstanding bond issuances, is represented by Marie C.
Pollio, Esq., at Shipman & Goodwin LLP.

Counsel to the ad hoc group of certain holders of the Debtors'
convertible senior notes is White & Case LLP's Tom Lauria, Esq.


SWEET THREE: Seeks to Hire Halabu Law Group as Counsel
------------------------------------------------------
Sweet Three, LLC seeks approval from the U.S. Bankruptcy Court for
the Eastern District of Michigan to hire legal counsel in
connection with its Chapter 11 case.

The Debtor proposes to hire Robert Bassel, Esq., and his contract
employee Peter Halabu, Esq., at Halabu Law Group, P.C., to give
advice regarding its duties under the Bankruptcy Code, and provide
other legal services.  Both attorneys charge an hourly rate of $250
for their services.

Messrs. Bassel and Halabu disclosed in court filings that they do
not hold or represent any interest adverse to the Debtor and its
bankruptcy estate, and that they are "disinterested" as defined in
section 101(14) of the Bankruptcy Code.

Mr. Bassel can be reached through:

     Robert Bassel, Esq.
     P.O. Box T
     Clinton, MI 49236
     Phone: (248) 677-1234
     Email: bbassel@gmail.com

                      About Sweet Three LLC

Sweet Three, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Mich. Case No. 17-41874) on February
12, 2017.  The petition was signed by Abdul Karkoukli, principal.
The case is assigned to Judge Phillip J. Shefferly.

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


TOSHIBA CORP: Seeks Advise on Potential Westinghouse Chap. 11 Costs
-------------------------------------------------------------------
The American Bankruptcy Institute, citing Reuters, reported that
Toshiba Corp has asked a Japanese law firm to help estimate the
potential financial impact if it decides its U.S. nuclear unit
Westinghouse should file for Chapter 11 protection from creditors,
sources with knowledge of the matter said.

According to the report, citing the two sources, Toshiba is looking
at a potential Chapter 11 filing as one of several options for
Westinghouse as a means to limit future losses from the
Pittsburgh-based company.

The Troubled Company Reporter, citing Makiko Yamazaki of Reuters,
reported that Toshiba said it was not aware
that its U.S. nuclear unit Westinghouse was considering filing for
Chapter 11 protection from creditors -- an option analysts say
could jeopardize the entire group.

Reuters pointed out that the TVs-to-construction conglomerate has
been plunged into crisis after it emerged that cost overruns at two
U.S. nuclear power plant construction projects would result in a
$6.3 billion writedown -- forcing it to put a majority stake in its
prized chips business up for sale.

Analysts and sources with knowledge of the matter have previously
said that even under a Chapter 11 filing, Toshiba could still be on
the hook for up to $7 billion in contingent liabilities as it has
guaranteed Westinghouse's contractual commitments -- an arrangement
typical for the nuclear industry, the report related.

Toshiba dispatched a group of experts, including lawyers, to
Westinghouse in mid-February to assess the U.S. unit's assets, the
two sources said, the report cited.

Preliminary estimates from that group show a Westinghouse
bankruptcy filing would result in Toshiba having to take a fresh
charge of at least 300 billion yen ($2.6 billion), the sources
said, the report added.

                         About Toshiba

Toshiba Corporation (TYO:6502) -- http://www.toshiba.co.jp/-- is  

a Japan-based manufacturer involved in five business segments.
The Digital Products segment offers cellular phones, hard disc
devices, optical disc devices, liquid crystal televisions, camera
systems, digital versatile disc (DVD) players and recorders,
personal computers (PCs) and business phones, among others.  The
Electronic Device segment provides general logic integrated
circuits (ICs), optical semiconductors, power devices, large-
scale integrated (LSI) circuits for image information systems and
liquid crystal displays (LCDs), among others.  The Social
Infrastructure segment offers various generators, power
distribution systems, water and sewer systems, transportation
systems and station automation systems, among others.  The Home
Appliance segment offers refrigerators, drying machines, washing
machines, cooking utensils, cleaners and lighting equipment.  The
Others segment leases and sells real estate.

As reported in the Troubled Company Reporter-Asia Pacific on
Dec. 30, 2016, Moody's Japan K.K. downgraded Toshiba
Corporation's corporate family rating (CFR) and senior unsecured
rating to Caa1 from B3.  Moody's has also downgraded Toshiba's
subordinated debt rating to Ca from Caa3, and affirmed its
commercial paper rating of Not Prime. At the same time, Moody's
has placed Toshiba's Caa1 CFR and long-term senior unsecured bond
rating, as well as its Ca subordinated debt rating under review
for further downgrade.

The TCR-AP reported on Jan. 26, 2017, that S&P Global Ratings
said it has lowered its long-term corporate credit rating on
Toshiba Corp. to 'CCC+' and its short-term corporate credit and
commercial paper program ratings on the company to 'C', all by
one notch.  All of these ratings remain on CreditWatch with
negative implications.  S&P also lowered its senior unsecured
debt rating on Toshiba two notches to 'B-' from 'B+' and kept the
rating on CreditWatch negative.  On Dec. 28, 2016, S&P placed the
long- and short-term ratings on Toshiba on CreditWatch with
negative implications at the same time as lowering the long-term
ratings, in response to Toshiba's announcement that it might
recognize several JPY100 billion in impairment losses related to
goodwill arising from its acquisition of a nuclear power business
through U.S.-based Westinghouse Electric Co. LLC, because the
goodwill far exceeded the company's initial estimates.


TRINITY RIVER: Has Until March 10 to File Plan of Reorganization
----------------------------------------------------------------
Judge Tony M. Davis of the U.S. Bankruptcy Court for the Western
District of Texas extended the exclusive periods within which
Trinity River Resources, LP, has the exclusive right to file and
solicit a plan of reorganization, through and including  March 10,
2017 and May 9, 2017, respectively.

The Troubled Company Reporter had earlier reported that the Debtor
previously sought the extension of its exclusive periods for filing
a plan of reorganization through May 1, 2017, and soliciting
acceptances to the plan through July 3, 2017.

The Debtor related that it continued to make progress on its road
to reorganization.  The Debtor further related that its independent
manager, John T. Young, Jr., at Conway MacKenzie, with the
assistance of Conway MacKenzie and T2 Land Resources, had spent
considerable time reviewing and evaluating the Debtor's affairs and
oil and gas interest, and preparing for a potential sale of those
assets.  The Debtor added that the Independent Manager had
reengaged Scotiabank to restart the sale process.

The Debtor contended that it was continuing to negotiate with
GeoSouthern Energy Corporation to resolve its objections to the use
of seismic data in the Debtor's sale process and post-sale
operations of the Debtor's oil and gas properties.  The Debtor
further contended that while the Debtor believed it had made
significant progress in its discussions with GeoSouthern Energy,
those negotiations were still ongoing and the Debtor's Independent
Manager would need additional time to resolve those issues on a
consensual basis.

The Debtor told the Court that Anadarko E&P Onshore LLC initiated
an adversary proceeding to determine the extent, validity and
priority of its disputed interests in Debtor's properties and its
disputed claims against the Debtor.  The Debtor also told the Court
that it had met in person with Anadarko (and/or their
professionals) on three separate occasions, and had exchanged
information informally.  The Debtor added, however, that Anadarko
had recently served formal discovery requests on the Debtor.  The
Debtor asserted that it would need additional time to resolve its
dispute with Anadarko.

                    About Trinity River Resources

Trinity River Resources, LP, filed a Chapter 11 bankruptcy petition
(Bankr. W.D. Tex. Case No. 16-10472) on April 21, 2016.  The
petition was signed by Matthew J. Telfer as manager of Trinity
River Resources, GP, LLC.  Judge Tony M. Davis is assigned to the
case.  The Debtor estimated assets in the range of $50 million to
$100 million and liabilities of up to $500 million.  

The Debtor has hired Bracewell LLP as counsel.  The Debtor has
employed John T. Young, Jr., a Senior Managing Director with Conway
MacKenzie, as the its independent manager; and has also retained
Conway MacKenzie as its financial advisor.  The Debtor has employed
T2 Land Resources, as ordinary course professionals.


TRUMP ENTERTAINMENT: Name Spells Suit Over Discarded Casino Signs
-----------------------------------------------------------------
Peg Brickley, writing for The Wall Street Journal Pro Bankruptcy,
reported that a discarded "TRUMP" casino sign is the subject of an
ongoing lawsuit between the company who removed the sign from the
now-closed Atlantic City casino and enterprising young people who
bought the sign while driving by the defunct casino in
mid-February.

According to the report, the suit grew out of an impulse purchase
of two massive signs that spelled out the Trump name on the Taj
Mahal.  It was the largest and glitziest of the three Trump
casinos, and the last to be closed, shut down last year amid labor
tumult, the report related.  Court papers say the signs were sold
in a solid transaction and belong to the enterprising young people
who spotted the opportunity while driving by the defunct casino in
mid-February, the report further related.

Noticing the big "TRUMP" signs lying on the ground, they started
chatting up the workers who had removed them from the casino,
having recognized "the potential value in this iconic architectural
artifact," the report said, citing court papers.

According to the lawsuit filed in Common Pleas Court in
Philadelphia, the price agreed for the two Taj Mahal Trump signs
was $250.  The buyers took possession and formed a partnership to
handle their prize.  They called the venture Recycling of Urban
Materials for Profit, or RUMP in short, the report said.

RUMP's right to cash in on the discarded "TRUMP" signs was
challenged when Eastern Sign stepped in, stopping a lively eBay
auction in which bidding for one sign had reached $7,500, the
report added.  According to the lawsuit, Eastern Sign said the
original sale of the discarded signs was unauthorized, the report
said.

RUMP sued Eastern Sign and Trump Taj Mahal Associates LLC, claiming
rights to both "TRUMP" signs, the report related.  RUMP is seeking
damages of $100,000 or a judgment declaring it the rightful owner
of the signs, the report added.  It noted that a Coca-Cola sign
sold for more than that amount, and the Coke sign didn't have the
added value of the White House association, the report further
related.

                About Trump Entertainment Resorts

Trump Entertainment Resorts Inc., owner of the Atlantic City
Boardwalk casinos that bear the name of Donald Trump, returned to
Chapter 11 bankruptcy (Bankr. D. Del. Case No. 14-12103) on Sept.
9, 2014, with plans to shutter its casinos.  TER and its affiliated
debtors owned and operated two casino hotels located in Atlantic
City, New Jersey.  At the time of the filing, TER said it would
close the Trump Taj Mahal Casino Resort by Sept. 16, 2014, and,
absent union concessions, the Trump Plaza Hotel and Casino by Nov.
13, 2104.  

Judge Kevin Gross presides over the Chapter 11 cases.  The Debtors
tapped Young, Conaway, Stargatt & Taylor, LLP, as counsel; Stroock
& Stroock & Lavan LLP, as co-counsel; Houlihan Lokey Capital, Inc.,
as financial advisor; and Prime Clerk LLC, as noticing and claims
agent.

TER estimated $100 million to $500 million in assets as of the
bankruptcy filing.  The Debtors as of Sept. 9, 2014, owed $285.6
million in principal plus accrued but unpaid interest of $6.6
million under a first lien debt issued under their 2010
bankruptcy-exit plan.  The Debtors also had trade debt in the
amount of $13.5 million.

In March 2015, Judge Gross confirmed Trump Entertainment Resorts'
Third Amended Joint Plan of Reorganization and Disclosure Statement
pursuant to Section 1129 of the Bankruptcy Code.  The Plan
converted $292.3 million in debt owed to lenders affiliated with
Carl Icahn and Icahn Enterprises into 100% of newly issued common
stock in the reorganized company, while general unsecured creditors
would get $3.5 million.  The Disclosure Statement said general
unsecured creditors were estimated to recover 0.47% to 0.43% of
their total allowed claim amount.  

Trump Entertainment Resorts, TCI 2 Holdings, LLC, and other
affiliates filed for Chapter 11 protection on Feb. 17, 2009 (Bankr.
D.N.J. Lead Case No. 09-13654).  The Company tapped Charles A.
Stanziale, Jr., Esq., at McCarter & English, LLP, as lead counsel,
and Weil Gotshal & Manges as co-counsel.  Ernst & Young LLP served
as the Company's auditor and accountant and Lazard Freres & Co. LLC
was the financial advisor.  Garden City Group was the claims agent.
The Company disclosed assets of $2,055,555,000 and debts of
$1,737,726,000 as of Dec. 31, 2008.

Trump Hotels & Casino Resorts, Inc., filed for Chapter 11
protection on Nov. 21, 2004 (Bankr. D.N.J. Case No. 04-46898
through 04-46925).  Trump Hotels obtained the Court's confirmation
of its Chapter 11 plan on April 5, 2005, and in May 2005, it exited
from bankruptcy under the name Trump Entertainment Resorts Inc.


ULTRA PETROLEUM: Amended Disclosure Statement Order Entered
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Texas on
February 21, 2017, signed an amended order approving the Disclosure
Statement explaining the Company's reorganization plan.

The amended order: (1) approves the adequacy of the Disclosure
Statement, (2) approves the solicitation and notice procedures
related to confirmation of the plan of reorganization, (3) approves
the forms of ballots and notices related thereto, (4) approves the
rights offering procedures and matters related thereto, (5)
schedules certain dates related to plan confirmation process and a
proposed Rights Offering, and (6) grants related relief.

The Court first entered a Disclosure Statement approval order on
February 13, 2017.

With respect to the Rights Offering, the amended order defines the
"Subscription Commencement Date" as February 21, 2017. Accordingly,
as will be reflected in the materials to be distributed in
connection with the Rights Offering, the Plan Value under the PSA
is $6.0 billion.

                     Plan Support Agreement

On November 21, 2016, each of the Ultra Entities entered into a
Plan Support Agreement ("PSA") with (i) holders of at least 66.67%
of the principal amount of the Company's outstanding 5.750% Senior
Notes due 2018 and 6.125% Senior Notes due 2024 and (ii)
shareholders who own at least a majority of the Company's
outstanding common stock or the economic interests therein and a
Backstop Commitment Agreement ("BCA") with a subset thereof.

The PSA sets forth the terms and conditions pursuant to which the
Ultra Entities and the Commitment Parties have agreed to seek and
support a joint plan of reorganization at an aggregate plan value
of $6.25 billion, $6.0 billion, or $5.5 billion, depending on
commodity prices, for the Ultra Entities which will successfully
complete the Reorganization Proceedings.

Under the Plan, the total enterprise value of the Ultra Entities
will be $6.0 billion; provided, that if the average closing price
of the 12-month forward Henry Hub natural gas strip price during
the seven trading days preceding the commencement of the Rights
Offering solicitation is:

     (i) greater than $3.65/MMBtu, the Plan Value will be
         $6.25 billion; or

    (ii) less than $3.25/MMBtu, the Plan Value will be
         $5.5 billion.

Among other matters, the Plan provides for a comprehensive
restructuring of all allowable claims against and interests in the
Ultra Entities, including the conversion of the outstanding
unsecured senior notes issued by the Company to newly-issued shares
of common stock in the Company, the exchange of the outstanding
unsecured senior notes issued by UPL's subsidiary Ultra Resources
for a combination of new unsecured notes issued by Ultra Resources
and cash, the payment in full of all other allowed claims against
the Ultra Debtors in cash, and the distribution to each owner of
common stock in the Company as of the Plan's record date -- HoldCo
Equityholders -- of such owner's pro rata share of the new UPL
common stock and the right to participate in the Rights Offering.

The PSA provides certain milestones for the restructuring, which
the Company is required to use commercially reasonable efforts to
satisfy. Failure of the Company to satisfy certain milestones,
including:

     (i) entry of an order approving the Debtors' entry into the
         BCA by January 20, 2017 and

    (ii) consummation of the Plan by April 15, 2017 would provide
         the Plan Support Parties a termination right under the
         PSA.

On February 9, 2017, the Company entered into the First Amendment
to the Plan Support Agreement with the Plan Support Parties party
thereto. Pursuant to the PSA Amendment, the Required Consenting
Parties agreed that the Plan Term Sheet, as modified to accord with
the treatment of OpCo Funded Debt Claims and General Unsecured
Claims under the Second Amended Plan, is reasonably satisfactory to
such parties (as such terms are defined in the Plan Support
Agreement).

                          Rights Offering

In accordance with the Plan, the BCA and the Rights Offering
procedures submitted by the Company in connection with the Plan,
the Company will offer eligible debt and equity holders, including
the Commitment Parties, the right to purchase shares of new common
stock in the Company upon effectiveness of the Plan for an
aggregate purchase price of $580.0 million. The Rights Offering
will consist of these offerings:

     -- HoldCo Noteholders shall be granted rights (the "HoldCo
        Noteholder Rights Offering") entitling each such holder
        to subscribe for the Rights Offering in an amount up to
        its pro rata share of new common stock (the "HoldCo
        Noteholder Rights Offering Shares"), which HoldCo
        Noteholder Rights Offering Shares, collectively, will
        reflect an aggregate purchase price of $435.0 million.

     -- HoldCo Equityholders shall be granted rights (the
        "HoldCo Equityholder Rights Offering") entitling each
        such holder to subscribe for the Rights Offering in an
        amount up to its pro rata share of new common stock
        (the "HoldCo Equityholder Rights Offering Shares" and,
        together with the HoldCo Noteholder Rights Offering
        Shares, the "Rights Offering Shares"), which HoldCo
        Equityholder Rights Offering Shares, collectively, will
        reflect an aggregate purchase price of $145.0 million.

                    Backstop Commitment Agreement

Under the BCA, the Commitment Parties have agreed to purchase the
HoldCo Noteholder Rights Offering Shares and the HoldCo
Equityholder Rights Offering Shares, as applicable, that are not
duly subscribed for pursuant to the HoldCo Noteholder Rights
Offering or the HoldCo Equityholder Rights Offering, as applicable,
by parties other than Commitment Parties at an implied 20% discount
to the Plan Value, which is the price for the rights offering set
forth in the PSA.

The Company will pay the Commitment Parties upon the closing of the
Rights Offering a Commitment Premium equal to 6.0% of the $580.0
million committed amount (the "Commitment Premium"). The Commitment
Premium was fully earned as of January 19, 2017, the date the
Backstop Approval Order was entered by the Bankruptcy Court. The
Commitment Premium will be paid either in the form of new common
stock at the Rights Offering Price, if the Plan is consummated as
contemplated in the Plan Support Agreement, or in cash in the
amount of 4.0% of the $580.0 million committed amount, if the
Backstop Agreement is terminated other than as a result of a
material breach by the Commitment Parties.

                       2016 Annual Results

Ultra Petroleum has filed with the Securities and Exchange
Commission its Annual Report on Form 10-K for the fiscal year ended
December 31, 2016.  A copy of the report is available at
https://is.gd/KB2WdE

The Company reported net income of $56,151,000 for 2016, following
net losses of $3,207,220,000 in 2015; and $542,851,000 in 2014.

The Company's total operating revenues were down to $721,091,000 in
2016; against $839,111,000 in 2015; and $1,230,020,000 in 2014.

At December 31, 2016, the Company had total assets of
$1,540,928,000 against total liabilities not subject to compromise
of $431,038,000 and liabilities subject to compromise of
$4,038,041,000; and total shareholders' deficit of $2,928,151,000.

                          About Ultra Petroleum

Houston, Texas-based Ultra Petroleum Corp. (OTC Pink Marketplace:
"UPLMQ") is an independent oil and gas company engaged in the
development, production, operation, exploration and acquisition of
oil and natural gas properties.

On April 29, 2016, Ultra Petroleum Corp. and seven subsidiary
companies filed petitions (Bankr. S.D. Tex.) seeking relief under
Chapter 11 of the United States Bankruptcy Code.  The Debtors'
cases have been assigned to Judge Marvin Isgur.  These cases are
being jointly administered for procedural purposes, with all
pleadings filed in these cases will be maintained on the case
docket for Ultra Petroleum Corp. Case No. 16-32202.

Ultra Petroleum disclosed total assets of $1.28 billion and total
liabilities of $3.91 billion as of March 31, 2016.

James H.M. Sprayregen, P.C., David R. Seligman, P.C., Michael B.
Slade, Esq., Christopher T. Greco, Esq., and Gregory F. Pesce,
Esq., at Kirkland & Ellis LLP; and Patricia B. Tomasco, Esq.,
Matthew D. Cavenaugh, Esq., and Jennifer F. Wertz, Esq., at
Jackson Walker, L.L.P., serve as co-counsel to the Debtors.
Rothschild Inc. serves as the Debtors' investment banker; Petrie
Partners serves as their investment banker; and Epiq Bankruptcy
Solutions, LLC, serves as claims and noticing agent.

On May 5, 2016, the United States Trustee for the Southern District
of Texas appointed an official committee for unsecured creditors of
all of the Debtors.  On September 26, 2016, the United States
Trustee for the Southern District of Texas filed a Notice of
Reconstitution of the UCC.  The Committee tapped Weil, Gotshal &
Manges LLP as its legal counsel; Opportune LLP as advisor; and PJT
Partners LP as its financial advisor.

Certain other stakeholders have organized for purposes of
participating in the Debtors' chapter 11 cases: (i) on June 8,
2016, an informal ad hoc committee of unsecured creditors of
subsidiary, Ultra Resources, notified the Bankruptcy Court it had
formed and identified its members, most of which are distressed
debt investors and/or hedge funds; (ii) on June 13, 2016, an
informal ad hoc committee of the holders of senior notes issued by
the Company notified the Bankruptcy Court it had formed and
identified its members; (iii) on July 20, 2016, an informal ad hoc
committee of shareholders of the Company notified the Bankruptcy
Court it had formed and identified its members; and (iv) on January
6, 2017, an informal ad hoc committee of unsecured creditors of
subsidiary, Ultra Resources, notified the Bankruptcy Court it had
formed and identified its members, most of which are insurance
companies.


ULTRAPETROL BAHAMAS: Hires Prime Clerk as Admin. Advisor
--------------------------------------------------------
Ultrapetrol (Bahamas) Limited and its debtor-affiliates seek
authorization from the U.S. Bankruptcy Court for the Southern
District of New York to employ Prime Clerk LLC as administrative
advisor, nunc pro tunc to the February 6, 2017 commencement date.

The Debtors require Prime Clerk to:

   (a) assist with, among other things, solicitation, balloting
       and tabulation of votes, and prepare any related reports,
       as required in support of confirmation of a chapter 11
       plan, and in connection with such services, process
       requests for documents from parties in interest, including,

       if applicable, brokerage firms, bank back-offices and
       institutional holders;

   (b) prepare an official ballot certification and, if necessary,

       testify in support of the ballot tabulation results;

   (c) assist with the preparation of the Debtors' schedules of
       assets and liabilities and statements of financial affairs
       and gather data in conjunction therewith, if necessary;

   (d) provide a confidential data room, if requested;

   (e) manage and coordinate any distributions pursuant to a
       chapter 11 plan if requested; and

   (f) provide such other processing, solicitation, balloting and

       other administrative services described in the Engagement
       Agreement, but not included in the Section 156(c)
       Application, as may be requested from time to time by the
       Debtors, the Court or the Office of the Clerk of the
       Bankruptcy Court.

Prime Clerk will be paid at these hourly rates:

       Analyst                     $25-$45
       Technology Consultant       $80-$95
       Consultant                  $90-$130
       Senior Consultant           $135-$160
       Director                    $165-$185
       Solicitation                $185
       Director of Solicitation    $200

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

Michael J. Frishberg, co-president and chief operating officer of
Prime Clerk, assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtors and
their estates.

Prime Clerk can be reached at:

       Shai Waisman
       PRIME CLERK LLC
       830 3rd Avenue, 9th Floor
       New York, NY 10022
       Tel: (212) 257-5450
       E-mail: swaisman@primeclerk.com

                        About Ultrapetrol

Ultrapetrol -- http://www.ultrapetrol.net/-- is an industrial
transportation company serving the marine transportation needs of
its clients in the markets on which it focuses.  It serves the
shipping markets for containers, grain and soy bean products,
forest products, minerals, crude oil, petroleum, and refined
petroleum products, as well as the offshore oil platform supply
market with its extensive and diverse fleet of vessels.  These
include river barges and pushboats, platform supply vessels,
tankers and two container feeder vessels.  The Company employs
approximately 813 personnel located principally in Argentina (462)
and Paraguay (351).

Ultrapetrol (Bahamas) Limited and 30 affiliated subsidiaries each
filed a voluntary petition under Chapter 11 of the Bankruptcy Code
(Bankr. S.D.N.Y. Lead Case No. 17-22168) Feb. 6, 2017, in order to
implement an agreement reached with their lenders and bondholders
on the terms of a comprehensive debt restructuring.  The Chapter 11
cases are pending before the Hon. Robert D. Drain.

Contemporaneously with the petitions, the Debtors filed with the
court their Second Amended Joint Prepackaged Plan of Reorganization
dated Feb. 6, 2017.  The Company and its subsidiaries negotiated
and received affirmative votes from all voting lenders and from
99.9% of the Company's note claims voting to accept the Prepackaged
Plan.

The Debtors have hired Zirinsky Law Partners PLLC as lead
attorneys, Hughes Hubbard & Reed LLP as legal counsel, Seward &
Kissel LLP as special corporate counsel, Miller Buckfire & Co. LLC
as financial advisor, Pistrelli, Henry Martin Y Asociados S.R.L.
as independent auditor, Ernst & Young Paraguay as the Debtors'
Paraguayan subsidiaries' independent auditor, AlixPartners
International, LLC as financial advisor and Prime Clerk LLC as
claims, noticing and solicitation agent.


UNIVISION COMMUNICATIONS: Moody's Rates $4.4BB Term Loan 'B2'
-------------------------------------------------------------
Moody's Investors Service assigned a B2-LGD3 rating to Univision
Communications, Inc.'s (Univision or the Company) proposed 7 year,
$4.475 billion senior secured term loan due 2024. The proceeds from
the offering will be used to retire the company's existing 2020
term loan. In addition, Moody's assigned a B2-LGD3 to a new $850
million revolver due 2022, upsized by $300 million. The transaction
is credit positive, as it will extend the maturity date of the
revolver and the term loan by four years and lower borrowing costs
by approximately 25 bps. The Corporate Family rating and all other
instrument level ratings are unchanged. The stable outlook is
unchanged.

Assignments:

Issuer: Univision Communications, Inc.

-- Senior Secured Revolving Credit Facility due 2022, Assigned
    B2 (LGD3)

-- Senior Secured Term Loan due 2024, Assigned B2 (LGD3)

RATINGS RATIONALE

Univision's B2 Corporate Family Rating incorporates the risk posed
by its private equity ownership which tolerates high financial
leverage and shareholder distributions. In addition, Univision's
credit rating is constrained by its high dependence and
vulnerability to cyclical advertising demand. The ratings also
reflect the growing exposure to competitive threats and potential
loss of market share resulting from media fragmentation, as well as
the risk to its retransmission fees which regulators, competitors,
and affiliates are watching closely.

Ratings are supported by the company's national scale and
established market position in Spanish-language media, especially
in the U.S. With a growing share of the US population, and the
fastest growth rate, the Hispanic demographic trends are very
supportive of the company's market focus and growth strategies. In
addition, the revenue model is growing more balanced as recurring
retransmission fees contribute a greater percentage of the overall
revenue mix. The strength of the company's Spanish-language media
market position is reflected in its very strong EBITDA margin which
Moody's expects to remain steady at close to 40% (Moody's
adjusted), one of the highest in the sector.

The stable rating outlook incorporates Moody's expectation that
Univision will grow EBITDA and free cash flow leading to further
improvement in credit metrics over the next 12 months. Growth in
core ad revenue will be supported by Moody's central economic
projection for modest growth in the U.S. and by favorable
demographics for Spanish language audiences. Moody's expects
additional revenue growth from retransmission fees as well as from
recent investments in cable networks. Moody's outlook also assumes
the company will maintain good liquidity.

Moody's could consider an upgrade if leverage (Moody's adjusted
debt-to-EBITDA) is sustained below 6.0x

Positive rating action would also be contingent on maintaining good
liquidity including free cash flow-to-debt of 5% or more, and a low
probability of near term event risks including leveraged
transactions or material unfavorable changes in regulation,
competitive position, financial policy, capital structure,
operating performance, or the business model.

Univision's ratings could be downgraded if leverage (Moody's
adjusted debt-to-EBITDA) remains above 8.0x. Moody's would also
consider negative rating action if revenue growth slows, liquidity
erodes, leverage rises with debt-financed transactions, or there
were material unfavorable changes in regulations, competitive
position, financial policies, capital structure, operating
performance or the business model.

The principal methodology used in these ratings was Global
Broadcast and Advertising Related Industries published in February
2017.

Univision Communications Inc., headquartered in New York, is a
leading Spanish-language media company in the U.S. operating two
segments, Media Networks and Radio. The company is wholly owned by
Broadcast Media Partners Holdings, Inc. which is itself owned by
Univision Holdings, Inc., an entity principally owned by Madison
Dearborn partners, LLC, Providence Equity Partners Inc., Saban
Capital Group, Inc., TPG Global, LLC, Thomas H. Lee Partners, L.P.
and their respective affiliates and Grupo Televisa S.A.B. and its
affiliates. The company's Media Networks segment includes
television operations with 59 owned and operated broadcast
stations; two leading broadcast networks (Univision Network and
UniMas); nine cable networks (including Galavision, Univision
tlnovelas, and Univision Deportes), and digital operations
(including a network of online and mobile apps as well as video,
music and advertising services). Univision Radio includes the
company's owned and operated radio stations. For the 12 months
ended December 31, 2016 the company's reported revenue totaled $3.0
billion.


UNIVISION COMMUNICATIONS: S&P Rates Proposed $4.5BB Loan 'BB-'
--------------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issue-level rating and '2'
recovery rating to Univision Communications Inc.'s proposed $4.5
billion senior secured term loan due 2024.  The '2' recovery rating
indicates S&P's expectation for a substantial recovery (70%-90%;
rounded estimate: 70%) of principal in the event of a payment
default.

S&P's 'B+' corporate credit rating and stable rating outlook on the
company are not affected by the proposed transaction.

This transaction is leverage neutral as the company is using the
proceeds to repay its existing term loans.  Pro forma for the
transaction leverage will remain at 7x as of Dec. 31, 2016.

RATINGS LIST

Univision Communications Inc.
Corporate Credit Rating           B+/Stable/--

New Ratings

Univision Communications Inc.
Senior Secured
  $4.5 billion term loan due 2024         BB-
   Recovery Rating                        2(70%)


VANGUARD HEALTH: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Vanguard Health & Wellness LLC
        1585 Ellingwood Avenue, Suite 100
        Des Plaines, IL 60016

Case No.: 17-04707

Chapter 11 Petition Date: February 17, 2017

Court: United States Bankruptcy Court
       Northern District of Illinois (Chicago)

Judge: Hon. Jacqueline P. Cox

Debtor's Counsel: Xiaoming Wu, Esq.
                  LEDFORD, WU & BORGES, LLC
                  105 W. Madison, 23rd Floor
                  Chicago, IL 60602
                  Tel: 312-853-0200
                  E-mail: notice@billbusters.com

Total Assets: $568,946

Total Liabilities: $1.70 million

The petition was signed by Michael Zayats, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/ilnb17-04707.pdf


VANGUARD HEALTHCARE: Taps Maggart & Associates as Accountant
------------------------------------------------------------
Vanguard Healthcare, LLC seeks approval from the U.S. Bankruptcy
Court for the Middle District of Tennessee to hire an accountant.

The company proposes to hire Maggart & Associates, P.C. to prepare
and file income tax returns, and provide other accounting services
related to the Chapter 11 cases of the company and its affiliates.

The hourly rates charged by the firm are:

     Partner                   $230 - $340
     Senior Staff               $95 - $125
     Administrative Staff     $58.5 - $85

M. Todd Maggart, a certified public accountant employed with
Maggart & Associates, disclosed in a court filing that no member of
the firm holds or represents any interest adverse to the Debtors or
their bankruptcy estates.

The firm can be reached through:

     M. Todd Maggart
     Maggart & Associates, P.C.
     150 Fourth Avenue North
     2150 One Nashville Place
     Nashville, TN 37219
     Tel: (615) 252-6100
     Fax: (615) 252-6105
     Email: kwilson@maggartpc.com

                    About Vanguard Healthcare

Vanguard is a long-term care provider headquartered in Brentwood,
Tennessee, providing rehabilitation and skilled nursing services at
14 facilities in four states (Florida, Mississippi, Tennessee and
West Virginia).

Vanguard Healthcare, LLC, and 17 of its subsidiaries each filed a
Chapter 11 bankruptcy petition (Bankr. M.D Tenn. Lead Case No.
16-03296) on May 6, 2016.  The petitions were signed by William D.
Orand, the CEO.  The cases are assigned to Judge Randal S.
Mashburn.

Vanguard estimated assets in the range of $100 million to $500
million and liabilities of up to $100 million.

The Debtors hired Bradley Arant Boult Cummings LLP as counsel and
BMC Group as noticing agent.

On May 24, 2016, the U.S. trustee for Region 8 appointed an
official committee of unsecured creditors.  Bass, Berry & Sims PLC
serves as its legal counsel.


VIOLIN MEMORY: Unsecureds to Recover Up to 8.5% Under Latest Plan
-----------------------------------------------------------------
Unsecured creditors of Violin Memory, Inc., will recover up to 8.5%
of their claims, according to the company's latest plan to exit
Chapter 11 protection.

Under the latest plan, Class 4 general unsecured creditors will
receive a recovery ranging from 7.5% to 8.5% of the face value of
their claims.  The company's original plan filed on Feb. 15
proposed to pay unsecured creditors 8% to 9.5% of their claims.

Violin Memory projects that approximately 10.5 million to $11.2
million will be available from the "distribution trust" to pay
general unsecured claims, according to the latest disclosure
statement filed on Feb. 23 with the U.S. Bankruptcy Court for the
District of Delaware.

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

                    https://is.gd/SUEDxA

                    About Violin Memory

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.


VIREOL BIO ENERGY: Taps Robert Hansen as Accountant
---------------------------------------------------
Vireol Bio Energy LLC seeks approval from the U.S. Bankruptcy Court
for the Eastern District of Virginia to hire an accountant.

The Debtor proposes to hire Robert Hansen, a certified public
accountant, to prepare and file its income tax returns.

Mr. Hansen will charge the Debtor an hourly rate of $250 for his
services.

Mr. Hansen does not represent any interest adverse to the Debtor,
according to court filings.

                      About Vireol Bio Energy

Vireol Bio Energy is the former operator of an on-again, off-again
55-acre ethanol production facility at 701 S. Sixth Avenue in
Hopewell, Virginia.

Creditors, which include a division of Dominion Resources, filed an
involuntary bankruptcy petition for the Company in November 2015,
asking the Bankruptcy Court to determine whether the Company can be
forced into Chapter 7 to liquidate any remaining assets.  Creditors
claimed that the Company and its affiliates left a trail of unpaid
bills in the wake of selling the Hopewell plant to a Nebraska firm
for $18 million.

Bankruptcy Judge Keith Phillips granted on Dec. 14, 2015, Vireol
Bio Energy's request to have the Chapter 7 liquidation case
converted to one under Chapter 11 reorganization ((Bankr. E. D. Va.
Case No. 15-35970).


VITAL WELLNESS: Case Summary & 16 Unsecured Creditors
-----------------------------------------------------
Debtor: Vital Wellness Home Health, Inc.
        651 Amersale Drive, Suite 105
        Naperville, IL 60563

Case No.: 17-06398

Nature of Business: Health Care

Chapter 11 Petition Date: March 2, 2017

Court: United States Bankruptcy Court
       Northern District of Illinois (Chicago)

Judge: Hon. Janet S. Baer

Debtor's Counsel: Laxmi P. Sarathy, Esq.
                  LAXMI P. SARATHY
                  2235 W Washington Blvd, Unit 1
                  Chicago, IL 60612
                  Tel: 312-720-8464
                  Fax: 3128734774
                  E-mail: lsarathylaw@gmail.com

Total Assets: $1.04 million

Total Liabilities: $2.26 million

The petition was signed by Jenneth C Panaligan, vice president.

A copy of the Debtor's list of 16 unsecured creditors is available
for free at http://bankrupt.com/misc/ilnb17-06398.pdf


VYCOR MEDICAL: Completes Sale of $656,110 Common Stock and Warrants
-------------------------------------------------------------------
On Feb. 23, 2017, Vycor Medical, Inc. completed the sale of
$656,110 in shares of Vycor Common Stock and Warrants to accredited
investors. The Shares were issued in a private placement pursuant
to the terms of Stock Purchase Agreements between the Company and
each of the Investors, and was limited to current shareholders of
the Company as of November 9, 2016 (the "Record Date").  Together
with the sale of $618,607 in shares sold in a closing on January
11, 2017, a total of $1,274,717 has been sold in the Private
Placement.

The Private Placement was undertaken as a private placement
offering under Section 4(a)(2) of the Securities Act of 1933, as
amended and Rule 506(b) of Regulation D promulgated under the Act
since, among other things, the transaction did not involve a public
offering and the securities were acquired for investment purposes
only and not with a view to or for sale in connection with any
distribution thereof.  The net proceeds will be used for the
further development of both the Vycor VBAS and NovaVision
divisions, as well as for general working capital.

The Securities comprised one Share at a purchase price $0.21 per
share and a Warrant to purchase one Share at an exercise price of
$0.27, exercisable over a period of 3 years.  A total of 6,070,079
Shares and Warrants to purchase 6,070,079 Shares were issued in the
Private Placement.

A full-text copy of the Company's Form 8-K filing is available at:

                          https://is.gd/GfQhYO

                           About Vycor Medical

Boca Raton, Fla.-based Vycor Medical, Inc. (OTC BB: VYCO) --
http://www.VycorMedical.com/-- is a medical device company
committed to making neurological brain, spinal and other surgical
procedures safer and more effective.  The Company's flagship,
Patent Pending ViewSite(TM) Surgical Access Systems represent an
exciting new minimally invasive access and retraction system that
holds the potential for speedier, safer and more economical brain,
spinal and other surgeries and a quicker patient discharge. Vycor's
innovative medical instruments are designed to optimize
neurosurgical site access, reduce patient risk, accelerate
recovery, and add tangible value to the professional medical
community.

Vycor Medical reported a net loss available to common shareholders
of $2.25 million on $1.13 million of revenue for the year ended
Dec. 31, 2015, compared to a net loss available to common
shareholders of $4.04 million on $1.25 million of revenue for the
year ended Dec. 31, 2014.

As of Sept. 30, 2016, Vycor had $1.54 million in total assets,
$1.14 million in total liabilities, all current, and $399,144 in
total stockholders' equity.

The Company's auditors Paritz & Company, P.A., in Hackensack, New
Jersey, issued a "going concern" qualification on the consolidated
financial statements for the year ended Dec. 31, 2015.


W.E. YODER: Asks Court to Approve Disclosure Statement
------------------------------------------------------
W.E. Yoder, Inc., filed a motion asking the U.S. Bankruptcy Court
for the Eastern District of Pennsylvania to approve its disclosure
statement in connection with its chapter 11 plan of reorganization.


The Debtor also requests a hearing date for the approval of the
disclosure statement.

Class 4 under the plan consists of the General Unsecured Claims,
including any Deficiency Claims. The Debtor shall make 20 quarterly
payments Pro Rata on account of Allowed Unsecured Claims commencing
at the end of the quarter immediately following the Effective Date,
which at this juncture is projected to be June 30, 2017. Quarterly
Plan payments shall be in an amount equal to the "Net Income"
accumulated by the Debtor over the prior quarter.

Based upon the General Unsecured Claims scheduled by the Debtor,
filed by Creditors and the anticipated deficiency claims, the
Debtor estimates a return over a five-year period to such holders
of General Unsecured Claims of approximately 25%.

The funds necessary for the implementation of the Plan shall be
from any remaining proceeds of the Stone Harbor Property
refinancing and from the Debtor’s Net Income over a 5-year
period, on a quarterly basis.

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

      http://bankrupt.com/misc/paeb14-19893-232.pdf

                      About W.E. Yoder

W.E. Yoder, Inc., filed a chapter 11 petition (Bankr. E.D. Pa.
Case
No. 14-19893) on Dec. 18, 2014.  The petition was signed by
William
E. Yoder, president.  The Debtor is represented by David B.


WET SEAL: Approval of E. Frejka as CPO Sought
---------------------------------------------
Andrew R. Vara, the Acting United States Trustee, asks the U.S.
Bankruptcy Court for the District of Delaware to enter an Order
approving the appointment of Elise S. Frejka as the Consumer
Privacy Ombudsman for The Wet Seal, LLC, et al..

The Notice of Appointment of Consumer Privacy Ombudsman was made
pursuant to the Order dated February 16, 2017 directing the U.S.
Trustee to appoint a CPO for the Debtor.

Elise Frejka is further notified that the hearing for approval of
the proposed sale of certain Debtors' assets is scheduled on March
3, 2017.

Elise Frejka can be reached at:

     Elise Frejka
     205 E. 42nd Street, 20th Floor
     New York, NY 10017

           About The Wet Seal

The Wet Seal, LLC, and its affiliates are a national multi-channel
specialty retailer selling fashion apparel and accessory items
designed for female customers aged 18 to 24 years old.  They are
currently comprised of two primary units: the retail store business
and an e-commerce business.  Through their retail store business,
they operate approximately 142 retail locations in 37 states,
principally in lease-based mall locations. They also have
historically sold gift cards, which business has been primarily
operated through The Wet Seal Gift Card, LLC.

The Wet Seal, LLC, also known as The Wet Seal (2015), LLC, sought
Chapter 11 protection (Bankr. D. Del. Case No. 17-10229) on Feb. 2,
2017. The petitions were signed by Judd P. Tirnauer, executive vice
president and chief financial officer.

The cases are assigned to Judge Christopher S. Sontchi.

The Debtors estimated assets in the range of $10 million to $50
million and $50 million to $100 million in debt.

The Debtors tapped Robert S. Brady, Esq., Michael R. Nestor, Esq.,
Jaime Luton Chapman, Esq., Andrew L. Magaziner, Esq., of the Young
Conaway Stargatt & Taylor, LLP, as counsel. They also tapped
Berkeley Research Group, LLC, as financial advisors; Hilco IP
Services, LLC dba Hilco Streambank as intellectual property
disposition consultant; and Donlin, Recano & Company as claims and
noticing agent.

The Official Committee of Unsecured Creditors tapped Cooley LLP and
Saul Ewing LLP as its attorneys.


WET SEAL: Canadian Retailer YM Prepares Bid for IP Assets
---------------------------------------------------------
The American Bankruptcy Institute, citing Jessica DiNapoli of
Reuters, reported that Toronto-based retail operator YM Inc. is
preparing to submit an offer for the intellectual property of The
Wet Seal LLC, as the 55-year-old U.S. teen retailer grapples with
its second bankruptcy in the past two years, according to a person
familiar with the matter.

YM, which owns Canadian chains Stitches, Sirens and Suzy Shier,
plans to submit a stalking-horse bid for Wet Seal's intellectual
property, according to the Reuters report, citing the person, who
asked not to be identified because the deliberations are
confidential.

The report pointed out that YM has already been active in the
United States.  An affiliate of YM bought the parent company of
women's chains Mandee and Annie Sez out of bankruptcy about four
years ago, an acquisition that also saved their store locations,
the report said.

                      About The Wet Seal

The Wet Seal, LLC, and its affiliates are a national multi-channel
specialty retailer selling fashion apparel and accessory items
designed for female customers aged 18 to 24 years old.  They are
currently comprised of two primary units: the retail store
business
and an e-commerce business.  Through their retail store business,
they operate approximately 142 retail locations in 37 states,
principally in lease-based mall locations.  They also have
historically sold gift cards, which business has been primarily
operated through The Wet Seal Gift Card, LLC.

The Wet Seal, LLC, also known as The Wet Seal (2015), LLC, sought
Chapter 11 protection (Bankr. D. Del. Case No. 17-10229) on Feb.
2,
2017.  The petitions were signed by Judd P. Tirnauer, executive
vice president and chief financial officer.

The cases are assigned to Judge Christopher S. Sontchi.

The Debtors estimated assets in the range of $10 million to $50
million and $50 million to $100 million in debt.

The Debtors tapped Robert S. Brady, Esq., Michael R. Nestor, Esq.,
Jaime Luton Chapman, Esq., Andrew L. Magaziner, Esq., of the Young
Conaway Stargatt & Taylor, LLP, as counsel. They also tapped
Berkeley Research Group, LLC, as financial advisors; Hilco IP
Services, LLC dba Hilco Streambank as intellectual property
disposition consultant; and Donlin, Recano & Company as claims and
noticing agent.

The Official Committee of Unsecured Creditors tapped Cooley LLP
and
Saul Ewing LLP as its attorneys.


WK CAPITAL: Paying Administrative Expenses and Secured Creditors
----------------------------------------------------------------
WK Capital Enterprises, Inc., asks the U.S. Bankruptcy Court for
the District of Kansas to approve and ratify the payment of
administrative expenses and disbursement of funds to secured
creditor.

An Order was entered approving the sale of real property located at
3445 N. Webb Rd., Wichita, Kansas, free and clear of liens and
encumbrances to MRM, LLC for $1,365,000.

A tentative closing statement provides for these payments:

   a. Title and closing fee to Security 1st Title, LLC in the total
sum of $1,743;

   b. Broker commission (3%) to Bachrodt Commercial in the sum of
$40,950;

   c. Broker commission (3%) to J.P. Weigand & Sons, Inc. in the
sum of $40,950;

   d. Prorated 2017 real estate taxes from Jan. 01, 2017 to Feb.
27, 2017 in the sum of $3,878;

   e. Second half 2016 real estate taxes to the Sedgwick County
Treasurer in the sum of $12,201; and

   f. Moving allowance in the amount of $5,000.

A copy of the Seller's Statement attached to the Motion is
available for free at:

         http://bankrupt.com/misc/WK_Capital_183_Sales.pdf

The Debtor is obligated for the payment of United States Trustee
fees calculated on the gross sale proceeds in the sum of $6,500.

There is the net sum of $1,253,778 available to be paid to the
secured creditor Community Bank of Wichita, Inc.  Community Bank of
Wichita is owed the sum of $2,998,508 as of Feb. 17, 2017, plus
further accruing interest at the rate of $364 per diem from and
after Feb. 17, 2017.

                  About WK Capital Enterprises

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. WK Capital disclosed $1.82 million in total assets and
$19.52 million in liabilities.  The Debtors tapped Edward J.
Nazar,
Esq. of Hinkle Law Firm LLC as Bankruptcy Counsel and Dan W.
Forker, Jr., Esq. at Forker Suter Robinson & Bell LLC as
co-counsel.

The Debtors hired Bradley Tidemann and JP Weigand & Sons, Inc. as
their a realtor; and Robert L. Simmons of MarshallMorgan, LLC as
Broker.

No trustee has been appointed and the Debtors remain in
possession.

The 11 U.S.C. Sec. 341 meeting of creditors is initially set for
Feb. 17, 2017.


YODER REAL ESTATE: Unsecureds to Recover 25% Under Plan
-------------------------------------------------------
Yoder Real Estate Partnership filed a motion asking the U.S.
Bankruptcy Court for the Eastern District of Pennsylvania to
approve its disclosure statement in supports of its chapter 11 plan
of reorganization.

The Debtor also requests a hearing date for the approval of the
disclosure statement.

Class 2 under the plan consists of the Priority and General
Unsecured creditors whose claims total less than or are reduced to
$5,000 or less, inclusive of interest at the rate of 6% from the
filing date to the Effective Date. Any priority and general
unsecured creditor may elect to participate in this Class by
reducing its claim to $5,000 or less, inclusive of interest at the
rate of 6% from the filing date to the Effective Date. The Debtor
shall pay this Class in full and payment shall occur on the
Effective Date or as soon thereafter as is reasonably practical.

Class 3 consists of the General Unsecured Claimants who have claims
against both the Debtor and W.E. Yoder, Inc. As a result, Class 3
will be treated in the same manner as the General Unsecured Class
of W.E. Yoder, Inc.'s Plan. That is, W.E. Yoder, Inc., will make 20
quarterly payments Pro Rata on account of Allowed General Unsecured
Claims to commence at the end of the quarter immediately following
the Effective Date, which at this time is projected to be June 30,
2017. Said quarterly payments shall be in an amount equal to the
"Net Income" of W.E. Yoder, Inc. accumulated by the Debtor over the
prior six months.

The Debtor estimates a return over a five-year period to such
holders of General Unsecured Claims of approximately 25%.

The funds necessary for the implementation of the Plan shall be
from any remaining proceeds of the Stone Harbor property
refinancing and from the Debtor's Net Income over a 5-year period,
on a quarterly basis.

Counsel for the Debtor:

     John A. Gagliardi, Esquire
     WETZEL GAGLIARDI FETTER & LAVIN LLC
     101 E. Evans St., Ste. A
     West Chester, PA 19380
     (484) 887-0779 Phone
     (484) 887-0779 Fax
     jgagliardi@wgflaw.com

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

          http://bankrupt.com/misc/paeb15-11569-167.pdf

Headquartered in Kutztown, PA, Yoder Real Estate Partnership filed
for Chapter 11 protection (Bankr. E.D. Pa. Case No.: 15-11569)on
March 5, 2015, estimating its assets and liabilities at $1 million
to $10 million. The petition was signed by William W. Yoder,
managing general partner.


YOSKAR LIQUORS: Seeks to Hire Scura Wigfield as Legal Counsel
-------------------------------------------------------------
Yoskar Liquors, Inc. seeks approval from the U.S. Bankruptcy Court
for the District of New Jersey to hire legal counsel.

The Debtor proposes to hire Scura, Wigfield, Heyer, Stevens &
Cammarota, LLP to give legal advice regarding its duties under the
Bankruptcy Code, and provide other legal services related to its
Chapter 11 case.

The hourly rates charged by the firm are:

     Partners       $425
     Associates     $375
     Paralegals     $150

David Stevens, Esq., at Scura Wigfield, disclosed in a court filing
that his firm is "disinterested" as defined in section 101(14) of
the Bankruptcy Code.

The firm can be reached through:

     David L. Stevens, Esq.
     Scura, Wigfield, Heyer,
     Stevens & Cammarota, LLP
     1599 Hamburg Turnpike
     P.O. Box 2031
     Wayne, NJ 07470
     Phone: 973-696-8391
     Email: dstevens@scuramealey.com

                      About Yoskar Liquors

Yoskar Liquors, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.N.J. Case No. 17-12196) on February 3,
2017.  The petition was signed by Luisa Rodriguez, president.  
  
At the time of the filing, the Debtor estimated assets of less than
$50,000 and liabilities of less than $500,000.


ZWEITE STUFE: Maaco Buying Rochester Assets for $115K
-----------------------------------------------------
Zweite Stufe, Inc., asks the U.S. Bankruptcy Court for the Eastern
District of Michigan to authorize the sale of assets located in its
Rochester locations to Maaco Franchising, LLC for $115,000, subject
to higher or better offers.

The Debtor is a party to "Leases" of the real property and
improvements located at 1970 S. Rochester Road, Rochester Hills,
Michigan, and 1250 W Hamlin, Rochester Hills, Michigan
("Locations").  Substantially all of the personal property owned by
Debtor is located at 1250 W. Hamlin.

AMRESCO Commercial Finance, LLC, as agent for Franchise Credit, LLC
("FC"), claims a first-priority security interest and lien granted
upon the personal property at the Locations.

Anything Electric, Inc., Ambient Temp, Inc., Freeman Construction,
LLC, and Blackstone Corp. ("Contractors") claim liens on certain
tangible or intangible property located at or relating to the
Locations arising from the provision of services and/or the
installation of equipment at the Locations.  The amount, validity,
and priority of the Contractors' liens are disputed by the Debtor
and FC.

The Debtor has diligently marketed its assets and has negotiated
with potential third parties regarding the sale of the Debtor's
assets at the Locations.

The Debtor asks authority to assume and assign the Leases
associated with the Locations, and to sell its tangible and
intangible assets relating to or used in connection with its
operations at the Locations.  The Debtor believes that the
landlords will not oppose the assignment.  In the event a landlord
does not consent, the Debtor and/or the Buyer will submit evidence
of the Buyer's financial condition to adequately assure future
performance under the Leases.

The Debtor and the Buyer have signed a Letter of Intent ("LOI") and
are negotiating the terms of an asset purchase agreement ("APA").
The Debtor expects an APA to be finalized before the hearing on the
Motion.

The Debtor has agreed to sell the assets at the Locations to the
Buyer for a total of $115,000.  Additionally, the Debtor has agreed
to assume the Leases and then assign the Leases to the Buyer.

The LOI executed by the parties reflects these terms and
conditions:

          a. The Buyer would acquire all of the Debtor's right
title and interest in and to substantially all of the assets
relating to or used in connection with the operation of the
Locations;

          b. The conveyance of the Locations and the assets
contained therein would be free of all liabilities, obligations,
liens and encumbrances except as agreed to by the parties;

          c. The Debtor will assume the Leases and assign the
Leases to the Buyer;

          d. The purchase price would be $115,000; and

          e. The transaction is subject to Court approval.

A copy of the LOI, and the list of those Leases and the parties to
the Leases, along with any cure amounts which will be paid at
closing, attached to the Motion is available for free at:  

               http://bankrupt.com/misc/Zweite_Stufe_128_Sales.pdf

FC has consented to Debtor withholding $10,000 of sale proceeds to
be held in escrow to fund the Debtor's professional fees as allowed
by the Court ("Holdback") to be held in the Stevenson & Bullock,
P.L.C. IOLTA Account.  FC's consent to the sale is contingent upon
the Debtor remitting all proceeds of sale at closing to FC, other
than the Holdback.

The Debtor asks the Court to authorize the Debtor to sell the
assets contained at the Locations, as well as any intangible assets
relating thereto to the Buyer or a higher and better bidder free
and clear of all liens, claims and encumbrances.

The Debtor asks that the stays imposed by Fed. R. Bankr. P. 6004(h)
and 6006(d) be modified so that any order granting the Motion
becomes effective immediately.

The Purchaser is represented by:

          Howard Marc Spector, Esq.
          SPECTOR & JOHNSON, PLLC
          12770 Coit Road, Suite 1100
          Dallas, TX 75251

                      About Zweite Stufe

Zweite Stufe, Inc., filed a Chapter 11 bankruptcy petition (Bankr.
E.D. Mich. Case No. 16-53059) on Sept. 21, 2016, disclosing under
$1 million in both assets and liabilities. Elliot G. Crowder, Esq.,
at Stevenson & Bullock, P.L.C.

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


[*] Linda Worton Jackson Joins Pardo Gainsburg as Name Partner
--------------------------------------------------------------
Linda Worton Jackson, Esq., is merging her bankruptcy and corporate
practice into Pardo Gainsburg, PL's real estate and construction
law firm to provide even more comprehensive services to her clients
and those of Pardo Gainsburg.

Ms. Jackson has been practicing law in Miami for more than 30
years, first as a shareholder at Greenberg Traurig, and then as the
founder of her own law firm.

The new firm will be known as Pardo Jackson Gainsburg, PL, with
specialties in real estate, corporate, construction law,
bankruptcy, commercial litigation and hotel/hospitality law.

Pardo Jackson Gainsburg, PL, will be spearheaded by two former
Greenberg Traurig shareholders -- Stevan Pardo and Linda Worton
Jackson -- who spent a combined 25 years at Greenberg Traurig.
After leaving there, Ms. Jackson founded Salazar Jackson.

This new firm will have the feel of a small boutique practice with
the quality to which Jackson and Pardo had become accustomed at
Greenberg Traurig.

"Pardo Gainsburg's longstanding reputation for providing clients
with top-notch legal service was a huge draw for me," said Ms.
Jackson.  "The firm is a perfect fit for my clients, as it will add
expertise in hospitality, real estate and construction litigation,
as well as expanding my existing practice areas of bankruptcy and
corporate work."

Ms. Jackson, who will chair the firm's Corporate and Financial
Services and Bankruptcy departments, is considered among the most
accomplished business and insolvency practitioners in South
Florida.  She has developed a reputation as the go-to person for
sales, acquisitions, corporate reorganization and complex
bankruptcy cases.

"Linda's practice dovetails with everything else we do," said
Stevan Pardo, who chairs the firm’s Construction and Corporate
Hospitality practices.  "Her depth of professional experience will
prove to be invaluable to our clients as we continue to grow our
existing practice."

In addition to being rated AV Preeminent, Ms. Jackson has received
numerous awards, including recognition as a Florida Super Lawyer
and a leader in her field by Chambers USA for her work in the areas
of corporate law and bankruptcy.  She also was awarded Most
Effective Lawyer by the South Florida Business Journal, and named
an "Attorney to Watch" by American Lawyer Magazine.

Ms. Jackson can be reached at:

         Linda Worton Jackson
         PARDO JACKSON GAINSBURG, PL
         Tel: (305) 358-1001
         E-mail: ljackson@pardojackson.com
         Web site: http://www.pardojackson.com

Nathan Hale, writing for Bankruptcy Law360, reports that Ms.
Jackson's former firm will relaunch as Salazar Law LLP.

                About Pardo Jackson Gainsburg, PL

Pardo Jackson Gainsburg, PL -- https://pardojackson.com -- is a
Miami-based business law firm that represents clients in all areas
of real estate, construction, hotel/hospitality, litigation,
creditors' rights, and corporate matters.  The firm handles
complicated business and construction litigation, with an emphasis
on complex commercial, construction law and insurance defense, and
represents clients in corporate transactions, including loan
origination and workouts, contracts and mergers and acquisitions.


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
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is compiled on the Friday prior to publication.  Prices reported
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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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Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
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Editors.

Copyright 2017.  All rights reserved.  ISSN: 1520-9474.

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