TCR_Public/170317.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Friday, March 17, 2017, Vol. 21, No. 75

                            Headlines

275 OLD GRIFFIN: Seeks Authority to Use Ozarks Cash Collateral
305 GREEN VALLEY: Seeks Authorization to Use Cash Collateral
9800 WEDDINGS: Seeks Court Approval to Use BOTW Cash Collateral
A-1 EXPRESS: AmTrust, Ryder Transportation Appointed to Committee
A-K SUPPLY: Court Grants Plan Filing Extension Thru May 8

A.C.M. HOME: Taps Marcos D. Oliva as Legal Counsel
ABENGOA KANSAS: Court Extends Plan Filing Deadline to April 20
ACHAOGEN INC: Incurs $71.2 Million Net Loss in 2016
ACHAOGEN INC: May Issue 2.1 Million Shares Under Incentive Plans
ADVANCED SOLIDS: Selling Vehicles Through Enterprise Fleet

AFTOKINITO RALLY: May Use Cash Collateral Until March 23
ALFA MEDICAL: Can Use IRS Cash Collateral Until Dec. 14
ALLIED INJURY: Cash Collateral Use Has Interim OK; March 28 Hearing
ATLAS DISPOSAL: Wants to Use IRS Cash Collateral
AYCOCK BROTHERS: Case Summary & 20 Largest Unsecured Creditors

B.C. GRAND: Court Grants Final Consent to Use Cash Collateral
BARIA AND SONS: Proposes to Use Chemical Bank Cash Collateral
BCH CAPITAL: Case Summary & 3 Unsecured Creditors
BEN SINGER: April 6 Disclosure Statement Hearing
BMC SOFTWARE: Repriced & Upsized Loan No Impact on Moody's Rating

BON-TON STORES: Posts $44.7 Million Net Income for Fourth Quarter
BOSTWICK LABORATORIES: Case Summary & 20 Top Unsecured Creditors
C&S MOBILE: Seeks to Hire Drew Henwood as Legal Counsel
CENTORBI LLC: CAN Capital Wants to Stop Cash Collateral Use
CHAPARRAL ENERGY: Targets Chapter 11 Exit by Month's End

CIFC LLC: S&P Affirms 'BB-' ICR; Outlook Remains Stable
CLAYTON WILLIAMS: Meeting Set for April 24 to Approve Noble Merger
COLISEUM TALLAHASSEE: Taps Robert Bruner as Legal Counsel
CONGREGATION ACHPRETVIA: March 27 Plan Confirmation Hearing
CORE EDUCATION: Case Summary & 20 Largest Unsecured Creditors

CORNERSTONE CHEMICAL: S&P Revises Outlook to Neg. & Affirms B- CCR
CORTLAND HABITATS: Voluntary Chapter 11 Case Summary
COVANTA HOLDING: S&P Affirms 'BB+' Rating on Sr. Secured Debt
CRIMSON INVESTMENT: April 13 Plan Confirmation Hearing
CT TECHNOLOGIES: Moody's Lowers Corporate Family Rating to B3

CUBA TIMBER: Has Interim Nod to Use Cash Until March 20
CYPRESS WAY: Voluntary Chapter 11 Case Summary
DAKOTA PLAINS: Court OKs DIP Budget & Continued Cash Collateral Use
DEVAL CORP: Seeks More Time to File Plan Through May 10
DIANE THOMAS: Can Use Heartland Bank Cash Collateral

DIRECTORY DISTRIBUTING: Bid to Extend Plan Exclusivity Denied
DOLE FOOD: S&P Affirms 'B-' CCR; Outlook Stable
ELK CREEK: Court Stops Continued Use of Cash Collateral
ERATH IRON: May Use Cash Collateral; Hearing on March 20
EURONET WORLDWIDE: S&P Affirms BB+ Issue Rating on Moneygram Offer

EXCO RESOURCES: Nears Deal to Stave Off Bankruptcy
FAIR HAVEN: CAAMM Unsecureds to be Paid from 10% of Sale Proceeds
FANSTEEL INC: Court Extends Time to Confirm Plan Through May 1
FIAC CORP: Court Extends Plan Filing Deadline Through May 1
FLY NATION: U.S. Trustee Unable to Appoint Committee

FYNDERS INC: Seeks Court Authorization to Use Cash Collateral
GANDER MOUNTAIN: Six More Creditors Appointed to Committee
GATEWAY ENTERTAINMENT: March 21 Hearing for Trustee Appointment Set
GEO PROPERTIES: April 7 Disclosure Statement Hearing
GEOFFREY ALLEN ROSE: Bankruptcy Administrator to Form Committee

GOING VENTURES: Seeks Authorization to Use Cash Collateral
GORDMANS STORES: U.S. Trustee Forms 7-Member Committee
GULFMARK OFFSHORE: Hires Advisors to Address Liquidity Needs
GULFMARK OFFSHORE: Unit Gets $10M Additional Loans from Royal Bank
HARGRAY HOLDINGS: S&P Affirms 'B+' CCR; Outlook Stable

HIDALGO INDUSTRIAL: Can Use Cash Collateral Until March 31
IHEARTMEDIA INC: S&P Lowers CCR to 'CC' on Debt Exchange Offer
INFORMATICA LLC: S&P Lowers CCR to 'B-' on Slow Leverage Reduction
JACKSON MASONRY: April 18 Plan Confirmation Hearing
JEEA LLC: U.S. Trustee Unable to Appoint Committee

JPS COMPLETION: Cooper Buying Midland Property for $100K
JRJR NETWORKS: Ohio County to Foreclose on Basket Building
KANE CLINICS: Court Grants Limited Use of Cash Collateral
LIBERTY INDUSTRIES: Hearing on Cash Collateral Use Set for April 19
LIMITLESS MOBILE: Seeks Plan Exclusivity Extended Thru Aug. 1

LODGE PARTNERS: Hearing on Plan & Disclosures Set for April 12
LOUISIANA CRANE: Hearing on Disclosure Statement Set for May 2
LTS NATIONWIDE: May Use Cash Collateral Through March 21
LUCKY DUCK: Seeks to Hire Cottage Grove Tax as Accountant
LYNEIL MITCHELL: Has Final Nod to Use Ameriserv's Cash Collateral

MARRONE BIO: Waddell & Reed Reports 19.2% Stake as of Dec. 31
MF GLOBAL: Judge Won't Shield PwC from Attack
MF GLOBAL: U.S. Judge Deals PwC Setback in Malpractice Trial
MICHAELS COS.: S&P Raises CCR to 'BB-' on Operating Performance
MLFTL INC: U.S. Trustee Unable to Appoint Committee

MOSES INC: April 12 Disclosure Statement Hearing
NASTY GAL: Wants Plan Filing Deadline Moved to April 8
NEIMAN MARCUS: Moody's Lowers Corporate Family Rating to Caa2
NEW RIVER HOSPITALITY: U.S. Trustee Unable to Appoint Committee
NEW RIVER HOSPITALITY: Wants to Use Cash Collateral

NORDICA SOHO: 2nd Lender to Buy NY Property, Fund Plan Payments
NSC PUERTO RICO: Seeks to Hire Pedrosa Luna as Legal Counsel
OMEROS CORP: Ingalls & Snyder Holds 11.8% Stake as of Dec. 31
ON SEMICONDUCTOR: S&P Assigns 'BB-' Rating on $500MM Sr. Notes
ONCAM INC: TONN Investment to Auction Property on March 23

PALMDALE HILLS: Ch.11 Trustee Seeks Approval of SunCal Plan Outline
PHI INC: S&P Lowers CCR to 'B' Amid Weak Industry Conditions
POWELL VALLEY: Wants Exclusivity Moved as Plan Deal Reached
PREMIERE GLOBAL: S&P Affirms 'B' CCR on Proposed Loan Add-On
PUERTO RICO: Governor Want to Improve, Not Destroy PREPA

QUALITY FLOAT: Hearing on Plan & Disclosures Set for April 25
RABBE FARMS: Court Extends Time to Confirm Plan Through May 29
RED RIVER: Has Interim OK To Use MidSouth Bank's Cash Collateral
RESCUE ONE: May Use IRS's Cash Collateral Until March 31
RICHARD PHILLIPS: Wants to Market and Sell Austin Property

RITA RESTAURANT: Wants More Time to Confirm Plan Through May 5
ROBERT HILL PC: Case Summary & 20 Largest Unsecured Creditors
SANMINA CORP: S&P Hikes CCR to 'BB+' on Improved Business Risk View
SCOTT A. BERGER: Court Allows Use of Cash Collateral Until April 12
SERVICE WELDING: Has Nod to Use Stock Yards' Cash Collateral

SERVICEBURY LLC: Can Use East Boston Savings Bank Cash Collateral
SHAWERMA EXPRESS: Court Denies Approval of Disclosure Statement
SHIV LODGING: Has Final OK to Use Ciena Capital's Cash Collateral
SIGNAL BAY: Obtains $250K Financing from LG Capital and Adar Bays
SPANISH BROADCASTING: Common Stock Delisted from NASDAQ

SUNGEVITY INC: Case Summary & 20 Largest Unsecured Creditors
SUNGEVITY INC: March 22 Meeting Set to Form Creditors' Panel
SUPREME CEILING: U.S. Trustee Unable to Appoint Committee
TARPON DYNAMIC: Hires Derbes Law as Counsel
TERRAFORM GLOBAL: S&P Revises CreditWatch on 'B-' ICR to Positive

TERRAFORM POWER: S&P Revises CreditWatch on 'B-' ICR to Positive
TJB AIR CONDITIONING: April 11 Disclosure Statement Hearing
TOSHIBA CORP: Offers Memory Chip Shares as Collateral for Loans
TRINSEO SA: S&P Raises LT CCR to 'BB-' on Sustained Improvement
UNITED AIRLINES: S&P Rates Proposed $3.5BB Loans 'BB+'

UNIVISION COMMUNICATIONS: Fitch to Withdraw B Long-Term IDR
VANGUARD NATURAL: Bid for Equity Panel Dropped, Deal Reached
VANGUARD NATURAL: March 20 Hearing on $50-Mil. DIP Loan
VANGUARD NATURAL: Nasdaq to Delist Shares Effective March 24
VANGUARD NATURAL: Posts $815-Mil. Net Loss for 2016

VINCHEM USA: Wants to Use KB Development Cash Collateral
VIOLIN MEMORY: Seeks to Pay $30,000 to Wind-Down Overseas Units
VITARGO GLOBAL: Case Summary & 20 Largest Unsecured Creditors
VRG LIQUIDATING: Wants Plan Filing Deadline Extended Thru June 12
WEATHERFORD INTERNATIONAL: Appoints Mark McCollum as Pres. & CEO

WEST VIRGINIA HIGH: Court Extends Time to Confirm Plan Thru Aug. 4
WHICKER ASSET: Saul Ewing Represents Channel Prime Alliance, et al
Z BEST RENTALS: Can Use Texas Capital Bank Cash Collateral
[*] Bipartisan Bill to Improve Bankruptcy Court System Filed
[*] Former Attorney Pleads Guilty to Bankruptcy Fraud

[*] Senators Introduce Bill to Improve Bankruptcy Court System
[^] BOOK REVIEW: Lost Prophets

                            *********

275 OLD GRIFFIN: Seeks Authority to Use Ozarks Cash Collateral
--------------------------------------------------------------
275 Old Griffin LLC seeks authority from the U.S. Bankruptcy Court
for the Northern District of Georgia to use cash collateral.

The Debtor intends to use its cash collateral to pay pay, among
other things, payroll, insurance, supplies, materials, food for the
children, rent and utilities in order to continue the operation of
its business that will ultimately increase its likelihood of a
successful reorganization.  The proposed operating budget for the
next 6 months projects total expenditures in the aggregate sum of
$48,539 per month.

The Debtor relates that it has received a garnishment request by
Bank of the Ozarks for an employee, Andrea Bishop, which the Debtor
failed to respond within the required time. Consequently, Bank of
the Ozarks has been granted a judgement lien against the Debtor in
excess of $3,649,908, which Bank of the Ozarks in turn used to
garnish Debtor's bank accounts immediately prior to the Debtor's
bankruptcy filing.

A full-text copy of the Debtor's Motion, dated March 7, 2017, is
available at https://is.gd/Vc1gro

                        About 275 Old Griffin Road

275 Old Griffin Road LLC is a limited liability company that runs a
daycare business providing childcare for children 6 weeks to 12
years of age.  It does not own the underlying real estate.

275 Old Griffin Road filed a Chapter 11 petition Bankr. N.D. Ga.
Case No. 17-53182) on Feb. 21, 2017.  The petition was signed by
Andrea H. Bishop, member.  The Debtor is represented by Kevin J.
Cowart, Esq. at Cowart Law Firm P.C.

At the time of filing, the Debtor had $133,890 in total assets and
$55 million in total liabilities.  The Debtor listed the Bank of
the Ozarks c/o Howick, Westfall & Kaplan as its unsecured creditor
holding a claim of $54,991,609.


305 GREEN VALLEY: Seeks Authorization to Use Cash Collateral
------------------------------------------------------------
305 Green Valley LLC asks the U.S. Bankruptcy Court for the
Northern District of Georgia for authorization to use cash
collateral.

The Debtor intends to use its cash collateral to pay pay, among
other things, payroll, insurance, supplies, materials, food for the
children, rent and utilities in order to continue the operation of
its business that will ultimately increase its likelihood of a
successful reorganization.  The proposed operating budget for the
next 6 months projects total expenditures in the aggregate sum of
$61,765 per month.

The Debtor relates that it has received a garnishment request by
Bank of the Ozarks for an employee, Andrea Bishop, which the Debtor
failed to respond within the required time. Consequently, Bank of
the Ozarks has been granted a judgement lien against the Debtor  in
excess of several million dollars, which Bank of the Ozarks in turn
used to garnish the Debtor's bank accounts immediately prior to the
Debtor's bankruptcy filing.

The Debtor also has a debt in favor of Hamilton State Bank for a
post-foreclosure deficiency.  The Debtor relates that it has cash
accounts with Hamilton State Bank and has continued to use these
accounts as its operating accounts for over a year and a half after
the foreclosure.

In addition, the Debtor relates that upon receipt of the
garnishment request from Bank of the Ozarks, Hamilton issued a
notice of Right of Offset and took $41,029 from the Debtor's
operating accounts and applied it to the deficiency balance. Other
than the deposits in their institution, Hamilton State Bank does
not have a lien on Debtor’s other cash collateral.

A full-text copy of the Debtor's Motion, dated March 7, 2017, is
available at https://is.gd/aLrVtM

                       About 305 Green Valley LLC

305 Green Valley LLC is a limited liability company that runs a
daycare business providing childcare for children 6 weeks to 12
years of age. The Debtor does not own the underlying real estate.

The Debtor filed a Chapter 11 petition (Bankr. N.D. Ga. Case No.
17-53074) on Feb. 21, 2017.  The petition was signed by Andrea H.
Bishop, officer.  The Debtor is represented by Kevin J. Cowart,
Esq. at Cowart Law Firm P.C.  At the time of filing, the Debtor had
$41,029 in total assets and $55 million in total liabilities.


9800 WEDDINGS: Seeks Court Approval to Use BOTW Cash Collateral
---------------------------------------------------------------
9800 Weddings, LLC, seeks authorization from the U.S. Bankruptcy
Court for the District of Arizona to use certain cash held in
depository accounts and from collection of receivables in which
Bank of the West may claim an interest.

The Debtor requires the use of monies for its monthly budgets in
order to continue to continue in business and provide services to
its customers. The Debtor also requires the use of cash collateral
to provide adequate protection payments to Bank of the West and
real property tax payments.  The Debtor's proposed Budget in the
next 90 days, from March through May 2017, reflecting total
expenses in the aggregate amount of $30,903.

The Debtor owns and operates the real property located at 9800 N.
Oracle Rd., Tucson, AZ. Hanita, LLC has agreed to lease the real
property from the Debtor and has also agreed pay rents in the
amount of $8,000 starting in March of 2017. Consequently, a motion
to assume the lease is being filed with the Court.

Bank of the West has a properly perfected, first priority security
interest in the cash collateral by virtue of an Assignment of
Rents. In addition, Bank of the West has extended a Loan in the
original principal amount of $780,000 secured by, among other
things, a Deed of Trust, which encumbers real property owned by the
Debtor.

Bank of the West claims an interest in certain properties, assets
and rights of the Debtor, and all proceeds and products thereof.
However, Bank of the West has notified the Debtor that it does not
consent to the use of the cash collateral, unless the Court
authorizes said use.

As adequate protection for the use of any proceeds generated from
rents of the property, the Debtor is offering Bank of the West a
continuing lien and security interest in those assets of the Debtor
subject to a valid security interest in favor of Bank of the West.

The Debtor also agrees to (a) segregate all other proceeds from
sales or other property claimed by secured creditor as "cash
collateral," (b) provide limitations on all normal and necessary
operating expenses associated with operating and managing the
business including providing proper management, and insurance of
assets of Debtor, and (c) furnish secured creditor with copies of
all monthly operating reports and bank account statements
maintained or received by the Debtor in the ordinary course of
business operations, on a quarterly basis.

A full-text copy of the Debtor's Motion, dated March 7, 2017, is
available at https://is.gd/L56DMZ

Bank of the West is represented by:

           John G. Sinodis, Esq.
           JENNINGS, HAUG & CUNNINGHAM, L.L.P.
           2800 North Central Avenue, Suite 1800
           Phoenix, AZ 85004-1049
           Telephone: 602-234-7800
           Facsimile: 602-277-5595
           E-mail: jgs@jhc-law.com

                        About 9800 WEDDINGS, LLC          

9800 WEDDINGS, LLC filed a Chapter 11 petition (Bankr. D. Ariz.
Case No. 17-01376) on Feb. 15, 2017.  The petition was signed by
Joe E. May, manager. The case is assigned to Judge Brenda Moody
Whinery.  The Debtor is represented by Eric Slocum Sparks, Esq. at
Eric Slocum Sparks, P.C.  At the time of filing, the Debtor had
$800,000 in total assets and $1.26 million in total liabilities.


A-1 EXPRESS: AmTrust, Ryder Transportation Appointed to Committee
-----------------------------------------------------------------
The Office of the U.S. Trustee on March 15 appointed two more
creditors to serve on the official committee of unsecured creditors
of A-1 Express Delivery Service, Inc., according to a court
filing.

The two unsecured creditors are:

     (1) AmTrust North America, Inc.
         d/b/a Wesco Insurance Co.
         800 Superior Avenue, 20th Floor
         Cleveland, OH 44114
         Phone: (216) 643-5977
         Email: Vanessa.wright@amtrustgroup.com

     (2) Ryder Transportation Services
         6000 Windward Parkway
         Alpharetta, GA 30005
         Phone: (770) 569-6591
         Email: kwall@ryder.com

EAN Services, which was appointed on March 13 along with
Bradley/Grombacher LLP, is no longer a member of the committee,
according to the court filing

                 About A-1 Express Delivery Service

A-1 Express Delivery Service, Inc., based in Atlanta, Georgia,
provides same-day transportation and distribution services across
the country.  From its headquarters in midtown Atlanta, the Debtor
manages the transportation, distribution and logistics for well
over 1500 active clients, including many Fortune 500 companies with
operations throughout the United States.  The Debtor provides next
day services for Amazon in 5 cities, employing over 300 drivers.
Additionally, the Debtor operates 2 same-day florist locations in
Atlanta and Los Angeles.

The Debtor filed a Chapter 11 petition (Bankr. N.D. Ga. Case No.
17-52865) on Feb. 14, 2017.  In its petition, the Debtor estimated
$1 million to $10 million in both assets and liabilities.  The
petition was signed by Lon D. Fancher, COO, owner.

J. Robert Williamson, Esq., at Scroggins & Williamson, P.C., serves
as the Debtor's counsel.


A-K SUPPLY: Court Grants Plan Filing Extension Thru May 8
---------------------------------------------------------
Judge Thomas Agresti granted A-K Supply Company, Inc.'s exclusivity
request, extending the Debtor's exclusive right to file a Chapter
11 plan through May 8, 2017.

As previously reported by The Troubled Company Reporter, the Debtor
said it needed the additional time as there were numerous
operational problems including insurance issues and tax filing
issues which Elizabeth Moody, the daughter of its 100% sole
shareholder, Richard Moody, has been addressing since being
appointed as guardian.  There are also administrative and
procedural issues that need to be addressed before a feasible
Chapter 11 Plan can be filed. To date, no creditors have
participated in the Chapter 11 process other than filing proofs of
claim, the Debtor revealed.

                      About A-K Supply

A-K Supply Company, Inc., filed a Chapter 11 bankruptcy petition
(Bankr. W.D. Pa. Case No. 16-23349) on Sept. 8, 2016, disclosing
under $1 million in both assets and liabilities.  The Debtor is
represented by Christopher M. Frye, Esq., at Steidl & Steinberg.
No unsecured creditors committee has been appointed in the case.


A.C.M. HOME: Taps Marcos D. Oliva as Legal Counsel
--------------------------------------------------
A.C.M. Home Health Services, Inc. seeks approval from the U.S.
Bankruptcy Court for the Southern District of Texas to hire legal
counsel in connection with its Chapter 11 case.

The Debtor proposes to hire Marcos D. Oliva, P.C. to give legal
advice regarding its duties under the Bankruptcy Code, assist in
the sale of assets, prepare a bankruptcy plan, represent the Debtor
in financing transactions, and provide other legal services.

The firm will charge $250 per hour for the services of its
attorney, and $100 per hour for legal assistants.

Marcos Oliva, Esq., disclosed in a court filing that his firm has
no business or professional connections with the Debtor or any of
its creditors.

The firm can be reached through:

     Marcos D. Oliva, Esq.
     Marcos D. Oliva, P.C.
     223 West Nolana Avenue
     Mcallen, TX 78504

                About A.C.M. Home Health Services

A.C.M. Home Health Services, Inc. sought protection under Chapter
11 of the Bankruptcy Code (Bankr. S.D. Texas Case No. 17-70094) on
March 7, 2017.  At the time of the filing, the Debtor estimated
assets and liabilities of less than $1 million.

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

A.C.M. previously filed a Chapter 11 petition (Bankr. S.D. Texas
Case No. 11-70504) on August 16, 2011.


ABENGOA KANSAS: Court Extends Plan Filing Deadline to April 20
--------------------------------------------------------------
Judge Robert E. Nugent has granted Abengoa Bioenergy Biomass of
Kansas, LLC's exclusivity request, extending the Debtor's plan
filing deadline through April 20, 2017, and the Debtor's
solicitation period through June 22, 2017.

As previously reported by The Troubled Company Reporter, the Debtor
asserted that the exclusivity extension will allow it to continue
to develop and take all necessary steps to implement the strategy
that will result in the best outcome for all its stakeholders.  

Among other things, the Debtor related that it has closed on the
sale of substantially all of its assets to Synata Bio Inc and its
designee for $48.5 million on December 8, 2016.  The Debtor added
that on February 13, 2017, it also obtained the Court's approval of
various Settlement Agreements with certain mechanics' lienholders,
which resolves the Lienholders' claims and adversary litigation in
exchange for settlement payments to the Lienholders. Likewise, the
Court granted on February 18, 2017 the United States of America, on
behalf of the Department of Energy's Motion allowing the DOE to
intervene as a plaintiff-intervenor in the adversary litigation.

              About Abengoa Bioenergy US

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'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, Armstrong
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.

               About Abengoa Bioenergy Biomass of Kansas

On March 23, 2016, three subcontractors asserting disputed state
law lien claims against Abengoa Bioenergy Biomass of Kansas, LLC
filed an involuntary petition under chapter 7 of the Bankruptcy
Code.  The case was converted to a case under chapter 11 of the
Bankruptcy Code (Bankr. D. Kan. Case No. 16-10446) on April 8,
2016.

In April 2016, Chief Bankruptcy Judge Robert E. Nugent denied the
request of Abengoa Bioenergy Biomass of Kansas to transfer its
case to the Bankruptcy Court for the District of Delaware where
cases involving its indirect parent companies and other affiliates

are pending.  Judge Nugent said the facts and unique circumstances
surrounding the debtor and its known creditors do not warrant
transferring the case.

The Debtor is represented by Christine L. Schlomann, Esq., Richard
W. Engel, Jr., Esq., and Erin M. Edelman, Esq., at Armstrong
Teasdale LLP, Vincent P. Slusher, Esq., David E. Avraham, Esq., R.
Craig Martin, Esq., and Kaitlin M. Edelman, Esq., at DLA Piper LLP
(US).

Petitioning creditor Brahma Group, Inc. is represented by W. Rick
Griffin, Esq. -- wrgriffin@martinpringle.com -- and Samantha M
Woods, Esq. -- smwoods@martinpringle.com -- at Martin Pringle
Oliver Wallace & Bauer.  Petitioning creditors CRB Builders LLC
and Summit Fire Protection Co. are represented by Robert M.
Pitkin, Esq. -- rPitkin@hab-law.com -- and Danne W Webb, Esq. --
dwebb@hab-law.com -- at Horn Aylward & Bandy LLC.

The Official Committee of Unsecured Creditors is represented in the
Kansas bankruptcy case by Adam L. Fletcher, Esq., Michelle
Manzoian, Esq., Alexis C. Beachdell, Esq., Michael A. VanNiel,
Esq., and Kelly S Burgan, Esq., at Baker & Hostetler LLP and Robert
L. Baer, Esq., at Cosgrove, Webb & Oman.


ACHAOGEN INC: Incurs $71.2 Million Net Loss in 2016
---------------------------------------------------
Achaogen, Inc., filed with the Securities and Exchange Commission
its annual report on Form 10-K disclosing a net loss of $71.22
million on $41.77 million of contract revenue for the year ended
Dec. 31, 2016, compared to a net loss of $27.09 million on $26.06
million of contract revenue for the year ended Dec. 31, 2015.

For the three months ended Dec. 31, 2016, Achaogen recognized a net
loss of $29.72 million on $10.73 million of contract revenue
compared to a net loss of $11.26 million on $4.66 million of
contract revenue for the same period during the prior year.

As of Dec. 31, 2016, Achaogen had $163.92 million in total assets,
$57.19 million in total liabilities and $106.73 million in total
stockholders' equity.

"2016 was a year of remarkable progress by the Achaogen team -- the
plazomicin Phase 3 results were exceptional and we are also poised
to advance C-Scape, a highly attractive development candidate, into
the clinic in 2017," said Kenneth Hillan, M.B. Ch.B., Achaogen's
chief executive officer.  "With the additional capital we raised in
December 2016, we are well positioned to seek approval of
plazomicin and, if approved, to execute on our goal of launching a
treatment that has the potential to address serious multi-drug
resistant bacterial infections occurring every day in our
hospitals."

Unrestricted cash, cash equivalents and short-term investments
totaled $145.9 million at Dec. 31, 2016 compared to $58.7 million
at Dec. 31, 2015.

Contract revenue totaled $10.7 million for the fourth quarter of
2016 compared to $4.7 million for the same period of 2015. Contract
revenue for the year ended Dec. 31, 2016, was $41.8 million
compared to $26.1 million for the year ended Dec. 31, 2015.  The
increase in contract revenue in 2016 was primarily due to the
increased research and development activities under the contract
Option 3 with BARDA.  As of Dec. 31, 2016, $7.2 million and $1.0
million remains on the BARDA and NIAID contracts, respectively.
Achaogen derived all of its revenue from funding provided under
U.S. government contracts in connection with the research and
development of product candidates.

Research and development expenses were $17.9 million for the fourth
quarter of 2016 compared to $12.3 million reported for the same
period in 2015.  Research and development expenses for the year
ended Dec. 31, 2016, were $74.0 million compared to $40.2 million
for the year ended Dec. 31, 2015.  The increase in 2016 research
and development expenses primarily relates to increased program
costs associated with the Phase 3 EPIC and CARE trials, higher
personnel-related expenses, as well as increased costs related to
non-plazomicin research programs.

General and Administrative (G&A) expenses were $4.9 million for the
fourth quarter of 2016 compared to $3.3 million for the same period
in 2015.  General and administrative expenses for the year ended
Dec. 31, 2016, were $17.1 million compared to $12.4 million for the
year ended Dec. 31, 2015.  The increase in G&A expenses during the
quarter primarily relates to increased activity to support
plazomicin development and manufacture and also to prepare for
registration and commercialization.

Net other expenses and interest expenses were $17.7 million and
$21.9 million for the fourth quarter and full year of 2016,
respectively, compared to nil for both periods in 2015.  The
increase was primarily related to non-cash charges for the
revaluation of warrants issued in the private placement of common
stock and warrants to purchase common stock in June 2016.

As of Dec. 31, 2016, there were approximately 35.6 million shares
of common stock outstanding.

                 Recent Highlights and Upcoming Milestones

Plazomicin -- The Company's lead product candidate successfully
completed and reported positive results in two Phase 3 clinical
trials. The EPIC (Evaluating Plazomicin In cUTI) trial is expected
to serve as a single registration trial supporting a New Drug
Application (NDA) for plazomicin in the United States and a
Marketing Authorization Application (MAA) in the European Union.
The Company expects the CARE (Combating Antibiotic Resistant
Enterobacteriaceae) trial will serve as a descriptive trial in
patients with serious bacterial infections due to
carbapenem-resistant Enterobacteriaceae (CRE) and should provide
additional data supporting plazomicin therapy in these patients.

   * Phase 3 EPIC trial successfully achieved the U.S. Food and
     Drug Administration (FDA) primary endpoints in patients with
     complicated urinary tract infections (cUTI) and demonstrated
     superiority on the European Medicines Agency (EMA) primary
     endpoints;

   * Phase 3 CARE trial showed a lower rate of 28-day all cause
     mortality or serious disease related complications and an
     improved safety profile for plazomicin compared to colistin
     in patients with serious infections due to carbapenem-
     resistant Enterobacteriaceae (CRE);

   * Company plans to submit an NDA to the FDA in the second half
     of 2017, which will include EPIC and CARE data, and to submit
     an MAA to the EMA in 2018; and

   * Company plans to present detailed results from both the EPIC
     and CARE trials at one or more medical meetings in mid-2017.

C-Scape -- Achaogen is developing an orally-available antibacterial
candidate, C-Scape, that is a combination of an approved
beta-lactam and an approved beta-lactamase inhibitor with the
potential to treat patients with cUTI due to MDR pathogens such as
extended spectrum beta-lactamase (ESBL) producing Escherichia coli
and Klebsiella pneumoniae.

   * Achaogen is currently projecting to commence C-Scape clinical
     development in the second quarter of 2017 and, if successful,
     to proceed to pivotal Phase 3 cUTI trial initiation in the
     first half of 2018; and

   * C-Scape was awarded qualified infectious disease product
     (QIDP) status by FDA for the treatment of cUTI, including
     acute pyelonephritis, in January 2017. QIDP designation
     provides incentives for new antibiotics, including priority
     review and additional market exclusivity.

Research Discovery and Development Programs -- Beyond the Company's
plazomicin and C-Scape programs, the research and early development
teams are focused on novel approaches to address infections caused
by MDR gram-negative pathogens.

   * LpxC inhibitors: The Company is pursuing an advanced series
     of compounds that are active against Pseudomonas aeruginosa,
     supported by up to $5 million in funding from a contract with
     National Institute of Allergy and Infectious Diseases
     (NIAID).  Achaogen is progressing toward filing an
     Investigational New Drug (IND) application as early as 2018.

Other Corporate Highlights

   * Completed a public offering of 7,475,000 shares of common
     stock at a price of $13.50 per share, which included the
     exercise in full of the underwriters' option to purchase up
     to an additional 975,000 shares of common stock.  Net
     proceeds were approximately $94.6 million after deducting
     discounts, commissions and offering expenses;

   * In collaboration with Achaogen's partner, Thermo Fisher
     Scientific, achieved an important milestone towards
     developing an assay to enable therapeutic drug management
     (TDM) of plazomicin;

   * Announced the addition of Gary Loeb as General Counsel and
     Janet Dorling as chief commercial officer to the executive
     management team; and

   * Appointed Halley Gilbert, senior vice president and Chief
     Legal Officer of Ironwood Pharmaceuticals, Inc., to the Board
     of Directors.

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

                      https://is.gd/2Hep5i

                      About Achaogen, Inc.

Achaogen, Inc. -- http://www.achaogen.com/-- 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 INC: May Issue 2.1 Million Shares Under Incentive Plans
----------------------------------------------------------------
Achaogen, Inc., filed with the Securities and Exchange Commission a
Form S-8 registration statement relating to shares of the Company's
common stock, par value $0.001 per share, to be offered and sold
under the 2014 Plan, the Employee Stock Purchase Plan and the
Inducement Plan and the contents of the Registration Statements on
Form S-8.  The Company is registering an additional 1,425,522
shares of Common Stock issuable under the 2014 Plan, 178,190 shares
of Common Stock issuable under the ESPP and 450,000 shares of
Common Stock issuable under the Inducement Plan, none of which have
been issued as of March 14, 2017.  A full-text copy of the
prospectus is available for free at https://is.gd/5kd3E5

                            About Achaogen, Inc.

Achaogen, Inc. -- http://www.achaogen.com/-- 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 $71.22 million on $41.77 milion of
contract revenue for the year ended Dec. 31, 2016, compared to a
net loss of $27.09 million on $26.06 million of contract revenue
for the year ended Dec. 31, 2015.  As of Dec. 31, 2016, Achaogen
had $163.92 million in total assets, $57.19 million in total
liabilities and $106.73 millin in total stockholders' equity.


ADVANCED SOLIDS: Selling Vehicles Through Enterprise Fleet
----------------------------------------------------------
Advanced Solids Control, LLC, asks the U.S. Bankruptcy Court for
the Western District of Texas to authorize the sale of personal
property through Enterprise Fleet Management.

The assets proposed to be sold are personal property described as:
2014 Mercedes-Benz GL450 SUV, VIN 4JGDF7CEOEA352430 (Value
$30,000); 2011 Chevrolet Silverado Crew 2500 LTZ, VIN
1GC1KYC83BF152854 (Value $12,000); 2013 Dodge Ram 2500 (Diesel),
VIN 3C6UR5PL3DG603179 (Value $20,000); and 2014 Dodge Ram 2500
(Diesel), VIN 3C6UR5GL5EG164570 (Value $20,000).  The vehicles are
not subject to any liens to creditors.

The Debtor proposes to sell the personal property through
Enterprise (whom is not related to the Debtor).  Enterprise charges
fees in the estimated amount of $500 to $750 (per vehicle) to sell
the vehicles.  Enterprise has previously sold vehicles for the
Debtor with success.

The Debtor believes that the proposed sale of the vehicles will
generate a reasonable value based upon the assets proposed to be
sold and their marketability.  The proceeds from the sale will be
used by the Debtor in its reorganization efforts.
  
Accordingly, the Debtor asks the Court to authorize the sale of the
vehicles free and clear of all liens, claims and encumbrances
through Enterprise to the terms set forth, and for such other and
further relief to which the Debtor may show itself entitled.

                  About Advanced Solids Control

Advanced Solids Control, LLC, is an oilfield service company
specializing in solids control for land-based oil and gas drilling
operations.

Advanced Solids sought Chapter 11 protection (Bankr. W.D. Tex.
Case No. 16-52748) on Dec. 2, 2016.  The petition was signed by W.
Lynn Frazier, managing member.  The Debtor estimated assets in the
range of $0 to $50,000 and $500,001 to $1,000,000 in debt.

The Debtor tapped William R. Davis, Jr., Esq., at Langley &
Banack, Inc. as counsel.


AFTOKINITO RALLY: May Use Cash Collateral Until March 23
--------------------------------------------------------
The Hon. Bruce A. Harwood of the U.S. Bankruptcy Court for the
District of New Hampshire granted on March 14, 2017, interim
authorization to Aftokinito Rally, Inc., to use up to $200,650 of
cash collateral to pay costs and expenses incurred by the Debtor
until March 23, 2017.  A copy of the court order and the budget is
available at:

            http://bankrupt.com/misc/nhb17-10184-70.pdf

On March 15, 2017, the Debtor will pay the Internal Revenue Service
the sum of $524.20, as adequate protection against any diminution
in the value of its interest in the Debtor's cash collateral as the
result of the use of cash collateral.  The Debtor will grant each
record lienholder a replacement lien in, to and on the Debtor's
postpetition person property of the same kinds and types as the
collateral in, to and on which it held valid and enforceable,
perfected liens on the Petition Date.  

A hearing on further permission to use cash collateral will be held
on March 23, 2017, at 10:00 a.m.  Objections to the cash collateral
use must be filed by March 16, 2017.  Objections by the State of
New Hampshire, Kathleen Dolan and Paul A. LaForte are reserved
until the March 23 hearing.

On March 16, 2017, Woodrow and Liliana Medina filed an objection to
the Debtor's cash collateral use.  The Medinas entered into a motor
vehicle consignment agreement with the Debtor and was never paid by
the Debtor, nor were they provided any information that would
explain the alleged transaction regarding their vehicle and the
location of the vehicle.  The Medinas has sought information from
the Debtor regarding the whereabouts of the vehicle.  Information
regarding the vehicle or its sale were never provided to the
Medinas, nor were they paid the monies from any sale.

In order to facilitate the sale of their vehicle, Liliana Medina,
as consignor, allegedly only conveyed bare legal title to the
Debtor.  At no time did the Debtor, a mere consignee (a mere
conduit), succeed to the Medinas' equitable interest in the vehicle
or in its cash proceeds, except to the extent of the incidental
fees and commission.  The Debtor, the Medians say, is seeking leave
to use cash to operate its business; cash to operate its business
all at the cost of the monies owed to the Medinas.  The equitable
interest in the vehicle, or its cash proceeds, are property of the
Medinas and not property of the Debtor, the Medinas claim.  A copy
of the Objection is available at:

           http://bankrupt.com/misc/nhb17-10184-74.pdf

On March 5, 2017, Kathleen Dolan filed an objection to the Debtor's
cash collateral use.  Ms. Dolan also entered into a Motor Vehicle
Consignment Agreement with the Debtor.  She was never paid by the
Debtor, nor was she offered any information that would clearly
explain the nature of the transaction from the time the vehicle(s)
were delivered to the Debtor and when the debtor sold the
vehicle(s).  Ms. Dolan repeatedly requested documentation of the
transactions and nature and costs of services claimed to have been
made on the vehicle(s) but was met with hostility and vague
statements about the history of events related to her vehicle(s).
The Debtor, by and through Stephan Condodemtraky misrepresented
facts about the manner in which he and his company would conduct
the consignment of her 1968 Mustang.  Ms. Dolan's objection is
available at:

           http://bankrupt.com/misc/nhb17-10184-44.pdf

The motion also met objections from the State of New Hampshire and
Paul A. LaForte.

On March 2, 2017, the State of New Hampshire filed its objection,
saying that prior to the commencement of this case by the Debtor,
the State was prepared to bring an action against the Debtor and an
affiliated non-debtor entity, Aftokinito Properties, Inc. dba Dusty
Old Cars and dustyoldcars.com seeking injunctive relief for
violations by DOC of the New Hampshire Consumer Protection Act,
N.H. Rev. Stat. Ann. 358-A, and Regulation of Motor Vehicle Repair
Facilities, N.H. Rev. Stat. Ann. 358-D.  The State's action was
intended to permanently enjoin DOC from engaging in the business of
acquiring and selling motor vehicles by consignment and from
selling motor vehicles without paying the owner what is due under
the consignment or sales contract.  The State's petition was to
seek an injunction on the grounds that DOC has engaged in numerous
and serious violations of the Consumer Protection Act through its
motor vehicle consignment and sales business.  The State's
investigation into DOC continues and includes consideration of all
of the enforcement actions provided in N.H. Rev. Stat. Ann. C.
358-A as well as any other applicable State law.  A copy of the
Objection is available at:

            http://bankrupt.com/misc/nhb17-10184-30.pdf

On Feb. 28, Mr. LaForte, a consignment customer and creditor who
was not duly named on the Debtor's "List of Creditors Who Have the
20 Largest Unsecured Claims and Are Not Insiders," filed his
objection to the Debtor's cash collateral use.  Mr. LaForte entered
into a Motor Vehicle Consignment Agreement with the Debtor pursuant
to which the latter would "devote its best efforts" to the sale of
Mr. LaForte's 1941 Ford Hotrod, 1948 Ford Coupe and 2001 Cadillac
XLR for prices "at or above the Guaranteed Minimum Sales Amount[s]"
of $12,000, $15,000 and $45,000, respectively.  By the terms of the
Consignment Agreement, the Debtor was "grant[ed] the exclusive
right to sell [Mr. LaForte's] vehicles "at or above the Guaranteed
Minimum Sales Amount."  Upon a sale, the Debtor was obliged to pay
over to Mr. LaForte all of the proceeds, minus certain incidental
fees, along with a 10% commission.  Following Mr. LaForte's
agreement to reduce the Guaranteed Minimum Sales Amount for the
2005 Cadillac to $40,000, the Debtor sold that vehicle to a third
party for $41,000, out of which Mr. LaForte, by the terms of the
Consignment Agreement, was due $41,000 minus the incidental fees
and the ten percent (10%) commission.  The Debtor kept all of the
sale proceeds, paying nothing to Mr. LaForte.  The Debtor now seeks
leave of the Court to use Mr. LaForte's cash to operate its
business.  A copy of the Objection is available at:

           http://bankrupt.com/misc/nhb17-10184-23.pdf

The Debtor said in a motion filed by the Debtor on March 3, 2017,
to use cash collateral that it and the IRS have filed a stipulation
memorializing the IRS' consent to the Debtor's use of cash
collateral.  The Debtor asked the Court for permission to use the
cash, deposit accounts and other cash equivalents used in, or
derived from its classic and antique car dealership to pay for the
costs and expenses incurred by the Debtor in the ordinary course of
its business and in connection with the ownership, operation and
management of the business for the period starting on March 6,
2017, and ending on May 31, 2017.  A copy of the motion is
available at http://bankrupt.com/misc/nhb17-10184-41.pdf

On March 1, the Debtor, with the assent and permission of the IRS
and the United States of America asked the Court to approve and
enter a stipulated order on the Debtor's cash collateral use to
resolve potential objections to the motion, future motions
requesting permission to use cash collateral and plans of
reorganization filed by the Debtor without further notice or
hearing.  To avoid the cost and expense of an objection, reply and
a hearing, the Debtor and the IRS negotiated the Stipulated Order,
which resolves a number of issues that would otherwise arise during
this case.  The Stipulated Order states that the IRS and the United
States of America consent to the Debtor's use of cash collateral.
A copy of the Stipulated Order is available at:

          http://bankrupt.com/misc/nhb17-10184-26.pdf

The Medinas are represented by:

     Paul A. Petrillo, Esq.
     LAW OFFICE OF PAUL A. PETRILLO, ESQ.
     1 Tara Boulevard, Suite 200
     Nashua, NH 03062
     Tel: (603) 894-4120

Ms. Dolan is represented by:

     James D. Kelly, Esq.
     KELLY LAW PLLC
     16 Broad Street
     Nashua, NH 03064
     Tel: (603) 809-4230
     Fax: (603) 386-666

Mr. LaForte is represented by:

     Lawrence M. Edelman, Esq.
     PIERCE ATWOOD LLP
     One New Hampshire Avenue
     Suite 350
     Portsmouth, NH 03801
     Tel: (603) 433-6300
     E-mail: ledelman@pierceatwood.com

                    About Aftokinito Rally

Based in Nashua, New Hampshire, Aftokinito Rally, Inc., sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. D. N.H.
Case No. 17-10184) on Feb. 16, 2017.  The petition was signed by
Stephan Condodemetraky, president.

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


ALFA MEDICAL: Can Use IRS Cash Collateral Until Dec. 14
-------------------------------------------------------
Judge Marci B. McIvor of the U.S. Bankruptcy Court for the Eastern
District of Michigan authorized Alfa Medical Equipment & Supplies,
Inc., to use cash collateral generated in the ordinary course of
business until Dec. 14, 2017.

The Debtor is allowed to use cash collateral to pay its necessary
operating expenses, payment of current taxes, personal property
taxes and unpaid withholding taxes, as well as ordinary operating
expenses including rent, gas and oil, vehicle leases, utilities,
payroll insurance, office supplies, inventory replacement and other
ordinary course charges necessary for the Debtor's operations in
the amount of approximately $16,000 per month.

The Debtor is indebted to the Internal Revenue Service in an amount
of less than $25,000 in connection with filed but unpaid payroll
tax returns, secured by liens in all of the Debtor's personal,
tangible and intangible, property. The IRS consented to the use of
cash collateral but only on the terms and conditions set forth in
the Order.

Judge McIvor directed the Debtor to make monthly adequate
protection payments to the IRS in the amount of $245 beginning
March 15, 2017, and continuing each month until confirmation of a
Chapter 11 Plan.

The IRS is granted a continuing, postpetition replacement lien on
all collateral of the same type, nature and priority as existed on
the date of the petition, to the extent that the Debtor's use of
cash collateral results in a decrease in the value of the IRS
Prepetition Collateral.

A final hearing will be held on March 28, 2017, at 10:30 a.m.
However, if there will be no objection filed, the Order authorizing
the Debtor's use of cash collateral will become a final order.

A full-text copy of the Order, dated March 7, 2017, is available at
https://is.gd/IoaKvJ

              About Alfa Medical Equipment & Supplies

Alfa Medical Equipment & Supplies, Inc., sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. E.D. Mich. Case No.
17-42144) on Feb. 17, 2017.  The case is assigned to Judge Marci B.
McIvor.  At the time of the filing, the Debtor estimated both
assets and liabilities to be less than $50,000.  The petition was
signed by Zakhar Volozin, general manager.  The Debtor is
represented by Jay S. Kalish, Esq. at Jay S. Kalish, P.C.


ALLIED INJURY: Cash Collateral Use Has Interim OK; March 28 Hearing
-------------------------------------------------------------------
The Hon. Mark Houle of the U.S. Bankruptcy Court for the Central
District of California has entered an interim order approving the
agreement with Cambridge Medical Funding Group II, LLC, and
receiver James Felton regarding modification of preliminary
injunction, use of alleged cash collateral, and distribution of
proceeds.

A final hearing on the motion is set for March 28, 2017, at 2:00
p.m.

Any opposition or other response to supplemental papers must be
filed no later than March 14, 2017.  Any reply to opposition or
other response must be filed no later than March 21, 2017.

As reported by the Troubled Company Reporter on Feb. 16, 2017,
David M. Goodrich, Chapter 11 Trustee for the Debtor sought
authority from the Court to use cash collateral pursuant to his
Stipulation with Cambridge Medical and Mr. Felton, the state court
receiver who is charged with the authority to collect receivables
due to One Stop Multi-Specialty Medical Group, Inc.  The important
points of Agreement reached between the Trustee, Cambridge, and the
Receiver include, among others:

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

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

          the Stipulation; and

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

                     About Allied Injury

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

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

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


ATLAS DISPOSAL: Wants to Use IRS Cash Collateral
------------------------------------------------
Judge Vincent F. Papalia of the U.S. Bankruptcy Court for the
District of New Jersey will convene a hearing on March 28, 2017 at
10:00 a.m. to consider Atlas Disposal Options, Inc.'s use of
Internal Revenue Service cash collateral.

Oral argument is waived, unless objection is timely filed.

Prior to the inception of the case, creditor IRS, filed tax liens
against the Debtor on May 8, 2013, June 17, 2013, Nov. 6, 2013,
Jan. 23, 2014, Jan. 5, 2015 and Feb. 25, 2016.

As such, creditor IRS had proper liens on any and all assets of the
Debtor, including the Debtor's bank accounts, accounts receivable
and other liquid assets.  The IRS has indicated that it will
consent to the use of cash collateral.

Without the ability to utilize the revenues generated from business
operation in which the IRS claims an interest, the
Debtor-In-Possession may be forced to cease business operations.

The Debtor proposes these:

   a. In exchange for the use of cash collateral, the Debtor has
agreed to make adequate protection payments in the amount of $1,500
per month beginning April 12, 2017, and to continue making monthly
adequate protection payments in the same amount by the 12th date of
each month thereafter until the earlier of (i) confirmation of a
plan of reorganization; (ii) conversion of the Debtor's Chapter 11
case; or (iii) entry of a contrary order by the Court regarding the
use such cash collateral.

   b. The periodic adequate protection payments will be mailed to:
The Internal Revenue Service, Attn: George Hallerman, P.O. Box 724,
Springfield, New Jersey, such that they are received by the IRS on
or before the 15th day of each month.

   c. The periodic adequate protection payments made by the Debtor
will be applied to the secured claim of the IRS.

   d. As additional adequate protection for any diminution in value
of the IRS's claim in prepetition collateral, the IRS will have a
continuing replacement lien upon all postpetition assets of the
Debtor of the same character and type, and to the same extent and
validity, as the lien of the IRS attached to the Debtor's assets
prepetition, less any payments made by the Debtor under the action.
The IRS's lien of such post petition assets will have the same
validity as existed between the IRS, the Debtor and all other
creditors or claimants.

   e. The IRS, by and through its agents, will have access to and
the right to inspect the Debtor's assets during normal business
hours.  Upon reasonable notice given at least 48 hour in advance,
the Debtor will permit the IRS to inspect, review and copy any
financial records of the Debtor at the Debtor's place of business
during regular business hours.  Notice must be given to Debtor's
Counsel as well as Debtor.

It is also agreed that:

   a. The Debtor will make all required Federal Tax Deposits and
payments timely for all postpetition Federal Tax liabilities.

   b. The Debtor will timely file all required Federal Tax Returns
that come due during the pendency of the agreement.  Such tax
returns or processible copy of same, will be sent to the IRS.

   c. The agreement is without prejudice to the rights of the IRS
to see additional protection or other relief available under the
Bankruptcy Code and is also without prejudice to (i) the claims,
rights and defenses that the Debtor may have to challenge the
nature, validity, or extent of the lien asserted by the IRS; and
(ii) any and all claims, rights, and defenses the IRS may assert in
any action by the Debtor to challenge the nature, validity or
extent of the liens it may assert.

   d. In the event of default by the Debtor with respect to its
obligations under the agreement, the IRS will give written notice
of such default to the Debtor and its counsel.  If the default is
not cured within 10 days of the receipt of such notification, the
IRS may seek expedited relief from the Court upon 48 hours'
notice.

   e. Except as provided in a confirmed plan of reorganization, if
any or all of the provisions of the agreement are hereafter
vacated, modified or stayed by subsequent order of the Bankruptcy
Court or any court of competent jurisdiction, such will not affect
the validity or enforce ability of the lien provided for, such lien
will survive any conversion or dismissal of the Debtor's Chapter 11
case.

The proposed form of Consent Order, executed by both parties, is
filed simultaneously with the Motion.

                  About Atlas Disposal Options

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

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

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

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


AYCOCK BROTHERS: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Aycock Brothers, Inc.
        243 Polly Watson Road
        Fremont, NC 27830

Case No.: 17-01266

About the Debtor: Founded in 1990, Aycock Brothers, Inc. --
                  aycockbrothersfarms.com -- is a small  
                  organization in the tobacco farms industry
                  located in Fremont, NC.  It has six full time
                  employees.
                  (Source: http://listings.findthecompany.com)

                  A meeting of creditors pursuant to Section
                  341(a) of the Bankruptcy Code will be held on
                  April 18, 2017, at 10:00 a.m. at Greenville 341
                  Meeting Room.  Last day to file complaint is
                  June 19, 2017.  Proofs of claim are due by
                  July 17, 2017.  Government proofs of claim are
                  due by Sept. 11, 2017.

                  A hearing will be held on March 21, 2017, at
                  11:00 a.m. to consider approval of the Debtor's
                  motion to use cash collateral at Raleigh
                  Courtroom (3rd Floor).

Chapter 11 Petition Date: March 15, 2017

Court: United States Bankruptcy Court  
       Eastern District of North Carolina
      (New Bern Division)

Judge: Hon. David M. Warren

Debtor's Counsel: David J Haidt, Esq.
                  AYERS & HAIDT, P.A.
                  PO Box 1544
                  New Bern, NC 28563
                  Tel: (252) 638-2955
                  Fax: 252 638-3293
                  E-mail: davidhaidt@embarqmail.com

Debtor's
Corporate
Counsel:          Michael A. Colombo, Esq.
                  COLOMBO, KITCHIN, DUNN, BALL & PORTER, LLP
                  1698 East Arlington Boulevard
                  Greenville, NC 27858
                  Tel: (252) 321-2020
                  Fax: (252) 353-1096
                  E-mail: mcolombo@ck-attorneys.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

Largest
Unsecured
Creditor:         Rabo AgriFinance, $2,627,408

The petition was signed by Wayne K. Aycock, president.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at:

       http://bankrupt.com/misc/nceb17-01266.pdf


B.C. GRAND: Court Grants Final Consent to Use Cash Collateral
-------------------------------------------------------------
Judge Mary Grace Diehl of the U.S. Bankruptcy Court for the
Northern District of Georgia granted B.C. Grand, LLC, final consent
to use cash collateral.

A hearing on the Motion was held on Feb. 6, 2017.  On Feb. 15,
2017, the Court entered the Interim Cash Collateral Order.  The
Interim Cash Collateral set a hearing for Feb. 28, 2017 on the
Debtor's request for continued authorization to utilize Cash
Collateral.

The Debtor owns certain real property consisting of a 10-story
office building located at 44 Broad Street, NW, Atlanta, Georgia,
which is commonly known as The Grant Building.  The Property is
leased to commercial tenants who generally make monthly rent
payments to the Debtor.  Those rent payments may be considered as
Cash Collateral.  First Citizens Bank, the SBA, and The Atlanta
Development Authority assert an interest in the Cash Collateral.

The Debtor is authorized to use Cash Collateral for the purposes
and in the amounts set forth in the Budget, not to exceed a
variance of 10% within a month for all expenses as to disbursements
for any single line item of more than $500, and a variance of 20%
within a month for all expenses as to disbursements for any single
line item of $500 or less.

The term of the interim Order will be from entry of the Order until
superseded by any other order of the Court, any confirmed Plan of
Reorganization, or subject to earlier termination for violations of
the Order as provided for ("Use Period").  The Debtor's ability to
use Cash Collateral will terminate at 12:00 midnight on the final
day of the Use Period designated immediately at which time the
Debtor will cease use of Cash Collateral, unless extended by
written Order of the Court, or agreement of the Lender, and subject
to earlier termination for violations of the Order as provided
for.

All Cash Collateral that Debtor receives after entry of the Order,
and all Cash Collateral that the Debtor has received prior to entry
of the Order which has not been applied to expenses of the
Property, will be deposited in Debtor's DIP account at Wells Fargo
on which solely Charles Johnson, Sr. and Linda Miranda may
authorize withdrawal of funds.  No funds will be withdrawn by
Debtor from the DIP Account except as expressly provided, or by
written consent of Lender or further Court order.

Under no circumstance will the Debtor pay any of the Cash
Collateral received since the Petition Date to any attorney,
accountant, affiliate, insider, equity holder, or beneficial owner
of Debtor or any affiliate or relative of any principal of the
Debtor without prior written consent of Lender or upon motion and
order of the Court, except as may be set forth on the Budget
accompanying the Order.

As a condition of the Debtor's use of Cash Collateral, these
adequate protections are granted:
                                                                   
                                                            
   a. Secured Lenders will retain their prepetition liens in the
Property to the same extent as existed on the Petition Date and
prior to the Petition Date;

   b. To the extent of the validity and priority of the lien
granted to Secured Lenders prepetition, the Debtor is authorized to
grant and by the Order will be deemed to have granted to Lender a
continuing, additional replacement lien and security interest in
and to all of the now existing or hereafter arising or
after-acquired assets of the Debtor to the same extent and priority
as the Lender's prepetition lien; provided, however, that by
consenting, the Lender does not admit that the adequate protection
liens provided for in the Order are sufficient to protect its
interest in its collateral or Cash Collateral.  Nothing in the
Order will be deemed a waiver or modification of the deeds to
secure debt or liens of record held by Secured Lenders.  The
adequate protection liens will not extend to the proceeds of any
avoidance actions received by the Debtor or the estate.  No
financing statement or other filing or control agreement by Secured
Lenders is required to perfect or continue the security interest
granted; however, should the Secured Lenders desire to make any
such filing or execute such agreement, the Debtor will take such
actions and execute such documents as may be reasonably required;

   c. The Debtor will pay the Lender the monthly principal and
interest amounts required by the loan agreement(s) between the
Debtor and the Lender at the prepetition non-default rate, which
payments will be made on a monthly basis and will continue for so
long as the Order is in effect, which payment may be applied by
lender to the loan or loans secured by the Property without further
Order of the Court being required to lift or modify the automatic
stay pursuant to 11 U.S.C. Section 362(a), and which may further be
applied by Lender to the aforesaid loan or loans pursuant to 11
U.S.C. Section 362(d)(3)(B), by delivery to Post Office Box 63068,
Charlotte, North Carolina, by the last business day of each month;

   d. All amounts of Cash Collateral not paid to Lender pursuant to
the immediately foregoing paragraph, or paid for ordinary and
necessary expenses of maintaining and operating the Property
pursuant to the accompanying Budget, will be remain in the Debtor's
DIP account, with those amounts shown on the accompanying Budget
which are allocated for payment of real property taxes and
insurance on the Property being escrowed in a separate DIP account,
unless use of such funds is authorized by Lender or further Order
of the Court;

   e. The Debtor will obtain and maintain liability and casualty
insurance and provide proof of said insurance, showing the amount
of insurance, the premium paid, and the declaration page or
certificate of insurance, to Lender within 5 days of any written
request by providing certificates of insurance.  Those certificates
of insurance will list the Lender as a loss payee and a recipient
of notice in the event of lapse or cancellation.  A copy of the
insurance policy will be made available to Lender upon request;

   f. The Debtor will diligently market the Property for sale, and
will provide Lender with copies of written offers and letters of
intent received from potential buyers of the Property;

   g. In the event that the Debtor has not filed with the Court a
motion seeking authorization to sell the Property pursuant to 11
U.S.C. Section 363, within 45 days of entry of the Interim Cash
Collateral Order, then the Debtor will promptly engage the services
of a broker to market the Property for sale and will provide to the
Lender a copy of the executed listing agreement between the Debtor
and the broker engaged to market the Property for sale, with
authorization to retain and to compensate such broker being subject
to Court approval, and Debtor may interview potential brokers prior
to the 45th day after entry of the Interim Cash Collateral Order
and will sign a reasonable listing agreement with a broker within
10 days of the 45th day of entry of the Order; and

   h. In the event that the Debtor has not filed with the Court a
motion seeking authorization to sell the Property pursuant to 11
U.S.C. Section 363, within 120 days of execution of a listing
agreement with a broker, then the Court will set an evidentiary
hearing on the Lender's motion for relief from stay or for adequate
protection pursuant to 11 U.S.C. Section 362, which the Lender
filed on Jan. 16, 2017 seeking stay relief or adequate protection,
at which time the Court may consider further relief or adequate
protection for the Lender.

The Debtor will furnish to counsel for the Lender copies of its
monthly Operating Reports, as required by the U.S. Trustee's
Office, showing the Debtor's revenues and expenses, starting Feb.
20, 2017.  All such reports may be submitted electronically.

Each of these will be a material violation of the Order: (i)
Failure of Debtor to abide by the terms, covenants, and conditions
of the Order or the budget accompanying the Order; (ii) Failure to
maintain insurance as provided, and in an amount of not less than
$6,500,000 and to provide a certificate of insurance to the Lender;
(iii) Failure of the Debtor to pay quarterly fees of the U.S.
Trustee; (iv) Appointment of a Chapter 11 trustee; (v) Conversion
of this case to Chapter 7; or (vi) Failure to escrow real property
taxes and insurance premiums in the aforesaid DIP escrow account
(in the amount of approximately $9,000 per month) and failure to
pay the taxes and insurance when due.

If there is a material violation of the Order, the Lender may give
written notice of said material violation by email to Debtor's
counsel.  If the Debtor fails to cure said material violation
within 5 business days from the date of such notice, the Debtor's
ability to use Cash Collateral will terminate and the Lender will
file with the Court notice that it gave to the Debtor the notice
required, that the violation remained uncured for 5 business days,
and that Lender invokes the right to terminate the use of cash
collateral.

The Lender and the Debtor have discussed the total amount of the
Lender's claim, including principal, interest, attorney's fees,
late charges and costs.  Within the next 30 days, the Lender and
the Debtor's attorneys will hold at least one conference in an
effort to consent to the Lender's balance to avoid unnecessary
time, expense and litigation.  If the parties cannot agree, the
Lender will file an appropriate motion in the Court to adjudicate
the Lender's total claim.  The parties will work in good faith to
file a stipulation to save time and use of limited court
resources.

Notwithstanding Bankruptcy Rule 4001(a)(1), the Order is not
stayed, and will be effective upon the date of its entry on the
docket.

A copy of the Budget attached to the Order is available for free
at:

  http://bankrupt.com/misc/ganb17-50094_37_Cash_BC_Grand.pdf

                   About B.C. Grand, LLC

B.C. Grand, LLC, a single asset real estate business based in
Atlanta, Georgia, filed a chapter 11 petition (Bankr. N.D. Ga.
Case
No. 17-50094) on Jan. 2, 2017.  The petition was signed by
Charles E. Johnson, Sr., authorized representative.  The Debtor is
represented by Michael D. Robl, Esq., at Robl Law Group LLC.  The
Debtor disclosed total assets of $17.03 million and total debt of
$4.13 million.

The Debtor owns certain real property consisting of a ten story
office building in downtown Atlanta, Georgia, located at 44 Broad
Street, NW, Atlanta, Georgia 30303, which is commonly known as The
Grant Building.

The Grant Building is one of the oldest high-rise buildings in
downtown Atlanta.  Its architects were sent to study the styles of
commercial architecture being constructed in Chicago in the late
1800s, and the building is modeled on those styles, with
construction completed in the year 1898.  The building has a
historic facade and lobby, and has been utilized recently as a
location for filming television shows.


BARIA AND SONS: Proposes to Use Chemical Bank Cash Collateral
-------------------------------------------------------------
Baria and Sons, LLC, asks authorization from the U.S. Bankruptcy
Court for the Western District of Michigan to use of cash
collateral.

The Debtor has entered into two loan agreements with The Bank of
Holland n/k/a Chemical Bank, with face amount of $315,000 and
$185,000, respectively.  Such indebtedness is secured by all of the
Debtor's assets, including a mortgage on the real property and the
Debtor's liquor license, except for liquor inventory.

The Debtor proposes to adequately protect Chemical Bank
post-petition by making its regularly scheduled mortgage payments
to Bank in the amounts of $3,309 and $1,200 each month, beginning
with March, 2017.

The Debtor seeks to use its revenue as necessary to pay for
ordinary expenses which includes two mortgage payments per month to
Chemical Bank, inventory purchases and payroll for employees, sales
taxes, withholding and payroll taxes, as well as administrative
expenses of the estate.  The Debtor proposes to operate for one
month, and create a budget thereafter based on ordinary operations.


A full-text copy of the Debtor's Motion, dated March 7, 2017, is
available at https://is.gd/iZuJuv

                     About Baria and Sons, LLC         

Baria and Sons, LLC, filed a Chapter 11 petition (Bankr. W.D. Mich.
Case No. 17-00970) on March 6, 2017.  The petition was signed by
Gurinder Baria, general manager.  The Debtor is represented by
James R. Oppenhuizen, Esq., at Oppenhuizen Law Firm, PLC.  At the
time of filing, the Debtor had estimated both assets and
liabilities to be between $500,000 to $1 million each.  No trustee
or examiner has been appointed in the Debtor's Chapter 11 case and
no Committees have been appointed designated.


BCH CAPITAL: Case Summary & 3 Unsecured Creditors
-------------------------------------------------
Debtor: BCH Capital LLC
        1965 54th Street
        Brooklyn, NY 11204

Case No.: 17-22384

Business Description: BCH Capital owns the 100% of the interests
                      in Cypress Way LLC, the owner of an
                      apartment complex located at 3025 Sunrise
                      Highway, Islip Terrace, New York.            
     

Chapter 11 Petition Date: March 15, 2017

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

Judge: Hon. Robert D. Drain

Debtor's Counsel: Arnold Mitchell Greene, Esq.
                  ROBINSON BROG LEINWAND GREENE
                  GENOVESE & GLUCK, P.C.
                  875 Third Avenue, 9th Floor
                  New York, NY 10022
                  Tel: (212) 603-6300
                  Fax: (212) 956-2164
                  E-mail: amg@robinsonbrog.com

Total Assets: $2.35 million

Total Liabilities: $2.38 million

The petition was signed by Theodore Welz, managing member.

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

              http://bankrupt.com/misc/nysb17-22384.pdf


BEN SINGER: April 6 Disclosure Statement Hearing
------------------------------------------------
The hearing to consider approval of the disclosure statement
explaining Ben Singer, LLC's Chapter 11 plan filed on February 21,
2017, will be held on April 6, 2017, at 11:00 A.M.

March 30 is fixed as the last date for filing written objections to
the Disclosure Statement.

Ben Singer, LLC, filed a Chapter 11 petition (Bankr. W.D. Va. Case
No. 16-60848) on April 27, 2016, and is represented by Andrew S
Goldstein, Esq., at Magee Goldstein Lasky & Sayers, P.C.


BMC SOFTWARE: Repriced & Upsized Loan No Impact on Moody's Rating
-----------------------------------------------------------------
Moody's Investors Service said BMC Software's repricing and
upsizing transaction is expected to be leverage neutral and does
not affect the company's existing B3 corporate family rating, the
Ba3 rating on its ESM Foreign Holdco's European term loan or the B1
rating on BMC Software Finance Inc.'s US based term loan.


BON-TON STORES: Posts $44.7 Million Net Income for Fourth Quarter
-----------------------------------------------------------------
The Bon-Ton Stores, Inc., reported net income of $44.7 million, or
$2.09 per diluted share for the fourth quarter of 2016 compared to
net income of $50.6 million, or $2.42 per diluted share for the
fourth quarter of 2015.  Fourth quarter of fiscal 2016 net income
includes non-cash asset impairment charges of $16.7 million, or
$0.78 per diluted share.

Adjusted EBITDA totaled $101.6 million compared to Adjusted EBITDA
of $94.0 million in the fourth quarter of fiscal 2015.  Adjusted
EBITDA for the fourth quarter of fiscal 2015 included $3.9 million
of severance costs associated with the Company's cost savings
initiatives and a $0.6 million gain associated with an insurance
settlement.  Excluding the financial impact of the severance costs
and insurance settlement, Adjusted EBITDA was $97.3 million in the
fourth quarter of fiscal 2015.

Comparable store sales decreased 3.8% in fiscal 2016 as compared
with the prior year.

Net loss in fiscal 2016 was $63.4 million, or $3.18 per diluted
share compared to a net loss in fiscal 2015 of $57.1 million, or
$2.90 per diluted share.  Fiscal 2016 results include a $0.32 per
diluted share in consulting expenses and severance costs related to
the Company's cost savings initiatives, and $0.85 per diluted share
in non-cash asset impairment charges.

Adjusted EBITDA totaled $116.0 million in fiscal 2016 inclusive of
$6.5 million of consulting expenses and severance costs related to
the Company's cost savings initiatives.  This compares with fiscal
2016 Adjusted EBITDA guidance of $114 million to $124 million.
Excluding the aforementioned consulting expenses and severance
costs, Adjusted EBITDA was $122.5 million.

Adjusted EBITDA was $109.5 million in fiscal 2015, including $3.9
million in severance costs and a $1.4 million gain from the asset
recovery portion of the insurance settlement.  Adjusted EBITDA,
excluding the aforementioned severance costs and gain on insurance
settlement, was $112.1 million in fiscal 2015.

Kathryn Bufano, president and chief executive officer, commented,
"While the continued weak traffic trends and unseasonably warm
weather pressured sales in the fourth quarter, we expanded gross
margin  by 145 basis points and grew Adjusted EBITDA by 8%.  In
addition, we exceeded our cost reduction goal by $7 million, with
net savings of $31 million for the year.  We also made progress on
a number of initiatives designed to differentiate our stores within
the retail landscape.  As part of this, we believe we further
solidified our position as the hometown shopping destination with
an emphasis on our localization strategy which included the
introduction of our Close to Home product assortment. In addition,
we continued to focus on our omnichannel strategy, with sales once
again growing in the double digits.  Finally, we grew our base of
loyal private label credit card users, and launched our new Love
Style Rewards loyalty program to great response."

Ms. Bufano continued, "We believe that we are well-positioned for
fiscal 2017 as we continue to build on these strategic priorities
and drive the business forward.  As we look ahead, we will remain
focused on capitalizing on our omnichannel business, refining our
marketing strategies, and further evolving our merchandise
assortment, with even greater emphasis on growth categories and
localization.  Finally, we will remain disciplined in our inventory
management and will once again focus on further reducing our costs
throughout the year.  Looking ahead, we will strive to make
progress on our strategic initiatives and believe we are positioned
to deliver improved performance going forward."   

                       Fourth Quarter Review

Comparable store sales in the fourth quarter of fiscal 2016
decreased 4.7%.  Total sales in the period decreased 5.5% to $877.3
million, compared with $927.9 million in the fourth quarter of
fiscal 2015.  Comparable sales trends improved from Thanksgiving
through the end of December and subsequently weakened in January.  
The Company continued to see double-digit sales growth in
omni-channel which reflects sales via its website, mobile site, and
its Buy Online Pick Up In-Store initiative.

Other income in the fourth quarter of fiscal 2016 was $22.8
million, an increase of $0.3 million over the comparable prior year
period, largely due to increased revenues associated with our
proprietary credit card operations, partially offset by decreased
delivery revenues.  Proprietary credit card sales, as a percentage
of total sales, increased 400 basis points to 52.7% in the fourth
quarter of fiscal 2016.

The gross margin rate in the fourth quarter of fiscal 2016
increased 145 basis points to 36.2% as compared to the fourth
quarter of fiscal 2015, primarily due to reduced markdowns and
lower distribution costs, partially offset by deleverage from lower
sales volume.

Selling, general and administrative expense in the fourth quarter
of fiscal 2016 decreased $12.8 million compared to the fourth
quarter of fiscal 2015, as a result of cost savings initiatives in
non-customer facing expenses, partially offset by higher medical
claims.  The SG&A expense rate in the fourth quarter of 2016 was
27.2% of net sales, an increase of 10 basis points over the prior
year as a result of reduced sales volume.

The Company recorded non-cash asset impairment charges of $16.7
million in the fourth quarter of fiscal 2016 related to reductions
in the reported carrying value of certain long-lived and intangible
assets, compared with $3.2 million of similar charges in the fourth
quarter of fiscal 2015.

                        Full Year Review

Comparable store sales decreased 3.8% in fiscal 2016.  Total sales
in the period decreased 4.3% to $2.60 billion from $2.72 billion in
fiscal 2015.

Other income in fiscal 2016 was $73.8 million, an increase of $2.0
million over fiscal 2015 results.  Proprietary credit card
operations fueled this growth, as revenues associated with our
credit card increased in tandem with increased loyalty program
sales.  Proprietary credit card sales, as a percentage of total
sales, increased 360 basis points to 55.1% in fiscal 2016.

The gross margin rate in fiscal 2016 increased 80 basis points to
35.5% as compared with fiscal 2015 as a result of reduced markdowns
and lower delivery and distribution expenses.  Gross profit
decreased $19.1 million to $922.9 million in fiscal 2016 as
compared with fiscal 2015 as a result of decreased sales volume in
the current year.

In fiscal 2016, SG&A expense was $880.6 million, a decrease of
$25.0 million from fiscal 2015 results, largely driven by cost
savings initiatives implemented throughout the year, partially
offset by $6.5 million of the related severance costs and
consulting fees, as well as higher medical claims and increased
marketing expenditures.  The SG&A expense rate increased 50 basis
points to 33.9% of net sales in fiscal 2016 as a result of the
decreased sales volume in the period.  Excluding $6.5 million in
severance costs and consulting fees for 2016 and $3.9 million in
severance costs for 2015, SG&A expense would have decreased $27.6
million in fiscal 2016 from the comparable prior year period, while
the SG&A expense rate deleveraged 40 basis points.

Excess borrowing capacity under the Company's revolving credit
facility was $233.8 million at the end of fiscal 2016.

                           Guidance

For fiscal 2017, the Company expects loss per diluted share to be
in a range of $2.08 to $2.59, inclusive of a $0.05 expense from the
53rd week, and adjusted EBITDA to be in a range of $115 million to
$125 million.  (As used in this release, Adjusted EBITDA is not a
measure recognized under GAAP -- see the accompanying financial
table which reconciles this non-GAAP measure to net loss.)
Assumptions reflected in our full-year guidance include the
following:

     * A comparable sales decrease ranging from 2.0% to 3.0%,
       which excludes sales from the 53rd week;

     * A gross margin rate increase of 10 to 20 basis points over
       the fiscal 2016 rate of 35.5%;

     * SG&A dollars ranging from $864 million to $866 million,
       including approximately $10 million for the 53rd week,
       compared to SG&A of $880.6 in fiscal 2016;

     * Capital expenditures not to exceed $30 million, net of
       external contributions; and

     * An estimated 20.3 million weighted average shares
       outstanding.

The Company expects to decrease debt by approximately $20 million
to $30 million by the end of fiscal 2017.

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

                      https://is.gd/jclnPB

                      About Bon-Ton Stores

The Bon-Ton Stores, Inc., with corporate headquarters in York,
Pennsylvania and Milwaukee, Wisconsin, operates 270 stores, which
includes nine furniture galleries and four clearance centers, in
26 states in the Northeast, Midwest and upper Great Plains under
the Bon-Ton, Bergner's, Boston Store, Carson's, Elder-Beerman,
Herberger's and Younkers nameplates.  The stores offer a broad
assortment of national and private brand fashion apparel and
accessories for women, men and children, as well as cosmetics and
home furnishings.  For further information, please visit the
investor relations section of the Company's Web site at
http://investors.bonton.com.                 

Bon-Ton Stores reported a net loss of $57.05 million on $2.71
billion of net sales for the fiscal year ended Jan. 30, 2016,
compared to a net loss of $6.97 million on $2.75 billion of net
sales for the fiscal year ended Jan. 31, 2015.  As of Oct. 29,
2016, Bon-Ton Stores had $1.73 billion in total assets, $1.80
billion in total liabilities and a total shareholders' deficit of
$68.64 million.

                          *     *     *

As reported in the TCR on Dec. 4, 2015, Moody's Investors Service
downgraded Bon-Ton Stores's Corporate Family Rating to 'Caa1' from
'B3'.  The company's Speculative Grade Liquidity rating was
affirmed at SGL-2.  The rating outlook is stable.  The downgrade
considers the continuing and persistent negative pressure on
Bon-Ton's revenue and EBITDA margins which has been accelerating
during the course of fiscal 2015.

As reported by the TCR on Aug. 22, 2016, S&P Global Ratings raised
its corporate credit rating on Bon-Ton Stores to 'CCC+' from 'CCC'.
The outlook remains negative.  "The upgrade reflects our view of
Bon-Ton's somewhat improved liquidity after refinancing its A-1 ABL
term loan tranche with an extended maturity to March 2021 and
enhanced liquidity from the additional $50 million in borrowing
capacity to address upcoming debt maturity in 2017.


BOSTWICK LABORATORIES: Case Summary & 20 Top Unsecured Creditors
----------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

      Debtor                                      Case No.
      ------                                      --------
      Bostwick Laboratories, Inc.                 17-10570
         dba Bostwick Laboratories
         dba BLI
         dba Hematocor
         dba Gynecor
         dba Dermatocor
         dba Nephrocor
         dba Gastrocor
         dba American International Pathology Laboratories
         dba AIPL
         dba QC Sciences
         dba Bostwick Scientific
         dba Bostwick Clinical Trials
         dba Bostwick U.K.
      100 Charles Lindbergh Blvd.
      Uniondale, NY 11553

      Bostwick Laboratories Holdings, Inc.   17-10572

Business Description: BLI -- http://www.bostwicklaboratories.com
                      -- is an independent, full-service anatomic
                      pathology laboratory and specialty
                      provider of diagnostic testing services for
                      urologists and gynecologists in the United
                      States of America.  BLI is also a reference
                      laboratory offering a suite of anatomic
                      pathology and molecular testing services to
                      independent physicians nationally.

                      BLI provides laboratory services to the
                      approximately $1.3 billion urology
                      market, with over 15 years of experience in
                      the field of diagnostic and prognostic
                      testing for the approximately 7,500 non-
                      hospital based urologists practicing in the
                      United States.  BLI also has testing
                      capabilities to serve other select
                      subspecialty markets outside of urology,
                      including women's health / OBGYN,
                      gastroenterology, nephrology, and
                      dermatology.

                      BLI's commercial infrastructure and
                      centralized laboratory facility allows
                      service to customers in all 50 states.  Its
                      commercial infrastructure includes billing,
                      client services, field technicians, and
                      information technology.

                      BLI is integrated within physician practices
                      through a full suite of practice solution
                      capabilities.  BLI also employs directly a
                      team of specialized pathologists.

Chapter 11 Petition Date: March 15, 2017

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

Judge: Hon. Brendan Linehan Shannon

Debtors' Counsel: David B. Stratton, Esq.
                  Evelyn J. Meltzer, Esq.
                  John H. Schanne, II, Esq.
                  PEPPER HAMILTON LLP
                  Hercules Plaza, Suite 5100
                  1313 N. Market Street
                  P.O. Box 1709
                  Wilmington, DE 19899-1709
                  Tel: (302) 777-6500
                  Fax: (302) 421-8390
                  Email: strattond@pepperlaw.com
                         meltzere@pepperlaw.com
                         schannej@pepperlaw.com

Debtors'
Claims &
Noticing
Agent:            DONLIN, RECANO & CO.

Estimated Assets: $1 million to $10 million

Estimated Debts: $50 million to $100 million

The petition was signed by Tommy Hunt, CFO.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
US Department of Justice           Legal Settlement    $2,702,020
601 D Street, NW, Room 9146
Washington DC 20004
Tel: 202-616-4232
Allison Cendali
Email: allison.cendali@usdoj.gov

Commissioner of Taxation and Finance     Tax             $364,361
MCTMT Processing Center
PO Box 4139
Binghampton NY 13902-4139

Abbott Molecular                        Trade            $314,682
200 Abbott Park Road
Abbott Park IL 60064-3537
Tel: 224-668-2283
Rhonda Garamoni
Email: rhonda.garamoni@abbott.com

Ruskin, Moscou, Faltischek           Professional        $294,767
East Tower, 15th Floor                Services
1425 RXR Plaza
Uniondale NY 11556-1425
Kevin Clyne
Tel: 516-663-6600
Fax: 516-663-6601

United Parcel Service                   Trade             $237,529

Ropes & Gray LLP                     Professional         $178,694
Email:                                 Services
Christopher.rile@ropesgray.com                                     


Xifin, Inc.                             Trade             $170,558

Email: tlawerence@xifin.com

Winbrook Management LLC              Real Estate          $135,855
Email: mouris@nassimirealty.com         Lease

Leica Biosystems Imaging                Trade             $132,861
Email: justin.gerlach@leica-microsystems.com

United Healthcare                      Employee           $102,000
                                       Benefits

Roche Diagnostics                       Trade              $92,960

Email: kathy.bailey@roche.com

Sienna Cancer Diagnostics               Trade              $89,870
Email: tdipietro@siennadiagnostics.com.au

Expense Reduction Analysts           Professional          $89,806
Email: jpotter@expensereduction.com    Services

Highwoods Realty Limited             Real Estate           $80,027
Email: sheryl.carpenter@highwoods.com   Lease

General Data Company, Inc.              Trade              $71,895
Email: dgrant@general-data.com

Therapak Corporation                    Trade              $47,235
Email: kwiersma@therapak.com

Biocare Medical                         Trade              $46,864
Email: adominguez@biocare.net

Federal Express                         Trade              $46,109
Email: rdineen@fedex.com

Lab Logistics, LLC                      Trade              $45,054

VWR International, Inc.                 Trade              $42,270
Email: jeff_shank@vwr.com


C&S MOBILE: Seeks to Hire Drew Henwood as Legal Counsel
-------------------------------------------------------
C&S Mobile Truck Repair Inc. seeks approval from the U.S.
Bankruptcy Court for the Northern District of California to hire
legal counsel in connection with its Chapter 11 case.

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

Drew Henwood, Esq. will charge an hourly rate of $250 for his
services.

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

The firm can be reached through:

     Drew Henwood, Esq.
     The Law Offices of Drew Henwood
     510 North First Street, Suite 205
     San Jose, CA 95112
     Phone: 408-279-2730
     Fax: (408) 217-6007
     Email: henwood.drew@gmail.com

                  About C&S Mobile Truck Repair

C&S Mobile Truck Repair Inc. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. N.D. Calif. Case No. 17-50249) on
February 1, 2017.  The petition was signed by George Severo,
authorized representative.  

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


CENTORBI LLC: CAN Capital Wants to Stop Cash Collateral Use
-----------------------------------------------------------
CAN Capital Asset Servicing Inc. seeks permission from the U.S.
Bankruptcy Court for the Eastern District of Missouri to provide
adequate protection or, in the alternative, to prohibit Centorbi
LLC from using its cash collateral.

WebBank and the Debtor entered into three business loan agreements
dated June 24, 2016, Aug. 2, 2016, and Sept. 1, 2016.  The BLA
grant CAN Capital security interests in virtually all of the
Debtor's personal property.  The security interests are perfected.
The BLA were transferred to CAN Capital soon after they were
executed by the Debtor.  CAN Capital's claim amount is
approximately $223,180.  CAN Capital is not adequately protected.

The Debtor also scheduled the Internal Revenue Service with a
secured claim and the IRS proof of claim states that its secured
claim amount is $17,231.

On Nov. 30, 2016, the Court entered an order which granted, in
part, and denied, in part, Central Bank of Kansas City's motion for
relief from the automatic stay.  The court order grants CBKC
adequate protection and replacement liens on personal property of
the Debtor.

CAN Capital complains that it has not received any adequate
protection and is not adequately protected.  CAN Capital says that
its interests are being irreparably harmed because it is not
receiving adequate protection payments, replacement liens and liens
on post-petition property generated from and arising out of CAN
Capital's collateral.

The Objection is available at:

           http://bankrupt.com/misc/moeb16-47459-48.pdf

CAN Capital is represented by:

     Alan S. Gerger, Esq.
     THE GERGER LAW FIRM, PLLC
     2211 Norfolk Street, Suite 517
     Houston, Texas 77098
     Tel: (713) 300-1430
     Fax: (888) 317-0281
     E-mail: asgerger@gerglaw.com
             bkpfilings@gerglaw.com

                         About Centorbi

Centorbi LLC and Centorbi Custom Cabinetry, Inc., sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Mo. Lead Case
No. 16-47459) on Oct. 14, 2016.  The petitions were signed by Derek
T. Centorbi, authorized member.  

The cases are assigned to Judge Kathy A. Surratt-States.

At the time of the filing, Centorbi LLC estimated its assets and
liabilities at $1 million to $10 million.  Centorbi Custom
estimated assets of less than $1 million.


CHAPARRAL ENERGY: Targets Chapter 11 Exit by Month's End
--------------------------------------------------------
Chaparral Energy, Inc., disclosed in a regulatory filing with the
Securities and Exchange Commission that on March 10, 2017, the
Bankruptcy Court for the District of Delaware entered an order
confirming its First Amended Joint Plan of Reorganization, as
modified by the Confirmation Order.

The Debtors expect that the effective date of the Plan will occur
as soon as all conditions precedent to the Plan have been satisfied
or waived. Although the Debtors are targeting occurrence of the
Effective Date before the end of March 2017, the Debtors can make
no assurances as to when, or ultimately if, the Plan will become
effective. It is also possible that technical amendments could be
made to the Plan.

The Plan contemplates the following treatment of claims against and
interests in the Debtors:

     -- The reduction of Prepetition Credit Agreement Claims by
        a certain Cash payment, with the remaining amounts
        outstanding to be restructured into a four-year credit
        facility, consisting of (i) a $225 million first-out
        revolving loan and (ii) a $150 million second-out term
        loan, all as described in more detail in the Plan Term
        Sheet;

     -- (i) The issuance of 100% of the New Equity Interests,
        subject to dilution as set forth in the Plan Term Sheet
        (including the Noteholders Rights Offering), to the
        Holders of Prepetition Note Claims, Allowed General
        Unsecured Claims, and Allowed Royalty Payment Litigation
        Claims and (ii) the right to participate in a Rights
        Offering;

        * The participating Prepetition Noteholders shall receive
          approximately 9% of the New Equity Interests of the
          Company through the Noteholders Rights Offering in
          exchange for $50 million; and

        * The Backstop Parties will additionally receive
          approximately 1% of the New Equity Interests in
          consideration for backstopping the Noteholders Rights
          Offering.

In a press statement, the Company said that under the confirmed
plan, Chaparral's unsecured bondholders and general unsecured
creditors will own 100$ of the company's ownership interest,
subject to some dilution.  Its capital structure, upon emergence,
will include its cash on hand and a reserve based lending facility
with an initial borrowing base of $225 million, as well as an
additional $150 million term loan. Both the revolver and term loan
will mature in four years. In addition, the plan includes $50
million of new money equity from a rights offering. The company
expects to have liquidity in excess of $100 million upon
emergence.

                        Capital Structure

Pursuant to the Plan, each share of the Company's existing common
stock outstanding immediately before the Effective Date (including
all options and warrants to purchase such stock) will be cancelled
and of no further force or effect after the Effective Date. As of
March 8, 2017, there were 1,392,706 outstanding shares of common
stock of the Company held by 19 record holders. On the Effective
Date, pursuant to the Plan, the Company will adopt new
organizational documents which will authorize the Company to issue
shares of new common stock. The Company will also reserve for
issuance the maximum number of shares of new common stock issuable
upon the exercise of the New Warrants, in accordance with the terms
of a warrant agreement. In addition, on the Effective Date, the
Company will enter into a registration rights agreement with
certain shareholders.

             Post-Emergence Governance and Management

On the Effective Date, a new board of directors of the Company will
take office. The New Board will consist of K. Earl Reynolds,
Douglas Brooks, Matt Cabell, Robert Heinemann, Sam Langford, Ken
Moore and Gysle Shellum.

                          Incentive Plan

Pursuant to the Plan, the reorganized Company will enter into a new
management incentive plan, which shall provide for the distribution
of up to 7% of the New Equity Interests in the form of Class A
Shares on a fully diluted basis to certain members of senior
management on terms and conditions acceptable to the board of
directors of the reorganized Company.

               Settlement, Releases and Exculpation

The Plan incorporates an integrated compromise and settlement of
claims to achieve a beneficial and efficient resolution of the
Chapter 11 Cases. Unless otherwise specified, the settlement,
distributions, and other benefits provided under the Plan,
including the releases and exculpation provisions included therein,
are in full satisfaction of all claims and causes of action that
could be asserted.

The Plan provides releases and exculpations for the benefit of the
Debtors, certain of the Debtors' claimholders, other parties in
interest and various parties related thereto, each in their
capacity as such, from various claims and causes of action, as
further set forth in Article X. Release, Discharge, Injunction and
Related Provisions of the Plan.

A copy of the Findings of Fact, Conclusions of Law and Order
Confirming the First Amended Joint Plan of Reorganization for
Chaparral Energy, Inc. and its Affiliate Debtors Under Chapter 11
of the Bankruptcy Code, as entered by the Bankruptcy Court on March
10, 2017, is available at https://is.gd/gijZUz

                  About Chaparral Energy, Inc.

Founded in 1988, Chaparral Energy, Inc., is a Delaware corporation
headquartered in Oklahoma City and a pure play Mid-Continent
independent oil and natural gas exploration and production
company.

At March 31, 2016, the Company had total assets of $1,229,373,000,
total current liabilities of $1,940,742,000 and total
stockholders'
deficit of $759,546,000.

Chaparral Energy, Inc., and its 10 affiliates sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case
No. 16-11144) on May 9, 2016.  The petitions were signed by Mark
A.
Fischer, chief executive officer.

The Debtors are represented by Richard Levy, Esq., Keith Simon,
Esq., David McElhoe, Esq., and Marc Zelina, Esq., at Latham &
Watkins LLP; and Mark D. Collins, Esq., at Richards, Layton &
Finger, P.A., as counsel.  Kurtzman Carson Consultants LLC serves
as administrative advisor.

The Debtors continue to manage and operate their businesses as
debtors in possession pursuant to Sections 1107 and 1108 of the
Bankruptcy Code.  No trustee or examiner has been requested in the
Chapter 11 cases.

The Office of the U.S. Trustee on May 18, 2016, disclosed that no
official committee of unsecured creditors has been appointed in
the
cases.

Milbank, Tweed, Hadley & McCloy LLP and Drinker Biddle & Reath LLP
represent an ad hoc committee of holders of (i) 9.875% Senior
Notes
due 2020, (ii) 8.25% Senior Notes, and (iii) 7.625% Senior Notes
due 2022 issued by the Debtors.


CIFC LLC: S&P Affirms 'BB-' ICR; Outlook Remains Stable
-------------------------------------------------------
S&P Global Ratings said it affirmed its 'BB-' issuer credit rating
on CIFC LLC.  The outlook remains stable.  At the same time, S&P
affirmed its 'BB-' rating on wholly owned subsidiary CIFC Corp.'s
senior unsecured debt.  S&P's recovery rating remains '3'.

"Our ratings on CIFC are based on the company's solid market
position in the collateralized loan obligation (CLO) market,
relatively recurring management fees the company receives from its
27 different CLO vehicles, good investment performance partially
offset by its significant debt leverage, and low interest
coverage," said S&P Global Ratings credit analyst Sebnem Caglayan.
It also incorporates S&P's view that the company has a less
diversified business model than some of the other alternative
managers we rate.

As of Dec. 31, 2016, the company's assets under management (AUM)
totaled $13.6 billion. Of that $13.6 billion, $11.3 billion was in
CLO AUM.  The precrisis CLO AUM (which is referred to as CLO 1.0)
was $1.2 billion, and postcrisis CLO AUM (which is referred to as
CLO 2.0) was $10.1 billion.  The non-CLO AUM amounted to
$2.3 billion as of Dec. 30, 2016.  The overall AUM decreased from
$14.1 billion on Dec. 31, 2015, due to a lag in CLO issuance caused
by uncertainty about the strategic alternatives CIFC was
contemplating throughout 2016.

The risk-retention rules were in effect in December 2016, requiring
CLO managers to hold 5% of risk either through a vertical strip or
the equity tranche, directly or through a consolidated affiliate.
CIFC established the CIFC CLO Strategic Partners C-MOA Fund, which
seeks to invest primarily in majority equity positions in
CIFC-managed new issue CLOs to address CLO risk-retention rules.
CIFC issued its first risk-retention-compliant $800 million CLO in
February 2017.

The other main rating factor for CIFC is its financial risk, which
S&P views as aggressive, primarily because of its considerable
leverage.  Although both the CLO issuance and AUM growth of the
non-CLO business have been slightly lower than S&P's expectations
in 2016, this has not caused the company's financial profile to
deteriorate significantly, in our view.

S&P expects the company's weighted debt to adjusted EBITDA to be
4.0x-5.0x (approximately 4.7x) and its weighted adjusted
EBITDA-to-interest ratio to be 2.5x-3.5x (approximately 3.2x).

S&P has revised its assessment of the company's management and
governance to 'fair' from 'satisfactory'.  As a result of the
F.A.B. Partners acquisition, the company's board of directors now
consists of five internal members and no external members.  In
S&P's view, the absence of any external board members has somewhat
eroded its independence.  Furthermore, although S&P don't view
F.A.B. Partners as a financial sponsor, the controlling ownership
at 96% could negatively influence corporate decision-making to
promote the interests of the controlling owners above those of
other stakeholders.  However, S&P's management and governance
assessment also reflects its view of CIFC's comprehensive
enterprise wide risk-management standards and management's solid
expertise and experience.  The company has an 11-member investment
committee, rigorous underwriting discipline, diversified portfolio
strategy, and good bench of investment professionals with
significant experience.

The stable outlook on CIFC reflects S&P's view that the company
will generate an adjusted EBITDA margin slightly above 35%, debt
leverage of 4.0x-5.0x, and interest coverage of about 2.5x-3.5x in
the next 12 months.  S&P also expects the company's cash levels to
decline considerably because of risk-retention investments the
company will need to make in the next 12 months.  The stable
outlook also reflects S&P's expectation that the company will
continue to issue new risk-retention-compliant CLOs of
approximately $2.5 billion per year but maintain stable CLO AUM,
while growing its non-CLO business in a meaningful way.

S&P could lower the ratings in the next 12 months if the business
profile begins to deteriorate such that investment performance
worsens, CIFC experiences significant outflows, and the company
loses its current market position in the CLO market or fails to
grow its non-CLO business in a significant way.  S&P could also
lower the ratings if the company becomes more aggressive with debt
issuance such that it operates with debt to adjusted EBITDA above
5.0x on a sustained basis.

While unlikely, S&P could raise the rating if CIFC operates with
leverage between 3.0x and 4.0x on a sustained basis.  S&P would
also predicate any ratings upside on the company's ability to
meaningfully diversify its business away from CLOs while
maintaining its solid competitive position in the CLO market.


CLAYTON WILLIAMS: Meeting Set for April 24 to Approve Noble Merger
------------------------------------------------------------------
Clayton Williams Energy, Inc., has established a record date of
March 23, 2017, and a meeting date of April 24, 2017, for a special
meeting of its stockholders.  At the special meeting, which will be
held at 10:00 a.m. Central time at ClayDesta Conference Center, 6
Desta Drive, Suite 6550, Midland, Texas 79705, Clayton Williams
Energy stockholders will vote on the previously announced proposed
merger of Clayton Williams Energy and Noble Energy, Inc. pursuant
to the Agreement and Plan of Merger, dated as of Jan. 13, 2017, by
and among Clayton Williams Energy, Noble Energy, Wild West Merger
Sub, Inc. and NBL Permian LLC, and certain related matters.

Clayton Williams Energy stockholders of record at the close of
business on March 23, 2017, will be entitled to receive notice of
the special meeting and to vote at the special meeting.  Subject to
satisfaction of the remaining closing conditions, including receipt
of Clayton Williams Energy stockholder approval, the parties
currently expect to complete the Merger shortly following
conclusion of the special meeting.

                    About Clayton Williams

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

Clayton Williams reported a net loss of $292.15 million on $289.41
million of total revenues for the year ended Dec. 31, 2016,
compared to a net loss of $98.19 million on $232.37 million of
total revenues for the year ended Dec. 31, 2015.  As of Dec. 31,
2016, Clayton Williams had $1.49 billion in total assets, $1.33
billion in total liabilities and $160.53 million in shareholders'
equity.

                       *     *     *

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

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


COLISEUM TALLAHASSEE: Taps Robert Bruner as Legal Counsel
---------------------------------------------------------
Coliseum Tallahassee, LLC seeks approval from the U.S. Bankruptcy
Court for the Northern District of Florida to hire legal counsel in
connection with its Chapter 11 case.

The Debtor proposes to hire Robert Bruner, Esq., to give legal
advice regarding its duties under the Bankruptcy Code, and provide
other legal services related to its Chapter 11 case.  He will
charge an hourly rate of $350 while paralegals will charge $95 per
hour.

Mr. Bruner disclosed in a court filing that he does not hold any
claim against the Debtor and that he has no connection to any of
its creditors.

Mr. Bruner maintains an office at:

     Robert Bruner, Esq.
     2810 Remington Green Circle
     Tallahassee, FL 32308
     Tel: (850) 385-0342

                   About Coliseum Tallahassee

Coliseum Tallahassee, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Fla. Case No. 17-40071) on February
28, 2017.


CONGREGATION ACHPRETVIA: March 27 Plan Confirmation Hearing
-----------------------------------------------------------
Judge Michael E. Wiles of the U.S. Bankruptcy Court for the
Southern District of New York approved the disclosure statement
explaining Congregation Achpretvia Tal Chaim Sharhayu Shor's plan
of liquidation and scheduled a hearing on confirmation of the Plan
for March 27, 2017, at 11:00 a.m.

The Troubled Company Reporter previously reported that the Debtor's
amended plan of liquidation, dated Feb. 13, 2017, provides for:

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

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

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

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

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

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

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

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

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

                About Congregation Achpretvia

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


CORE EDUCATION: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Core Education & Consulting Solutions In
        4390 US Highway 1, Ste 110
        Princeton, NJ 08540-5788

Case No.: 17-14992

Business Description: Unavailable

Chapter 11 Petition Date: March 15, 2017

Court: United States Bankruptcy Court
       District of New Jersey (Trenton)

Judge: Hon. Michael B. Kaplan

Debtor's Counsel: Timothy P. Neumann, Esq.
                  BROEGE, NEUMANN, FISCHER & SHAVER, LLC
                  25 Abe Voorhees Drive
                  Manasquan, NJ 08736
                  Tel: 732-223-8484
                  Fax: 732-223-2416
                  E-mail: timothy.neumann25@gmail.com
                          tneumann@bnfsbankruptcy.com

Total Assets: $0

Total Liabilities: $2.95 million

Largest
Unsecured
Creditor:        Quality Technology Services Metro II, LLC
                 $1,406,530

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/njb17-14992.pdf

The petition was signed by Nikhil C. Morsawala, director.


CORNERSTONE CHEMICAL: S&P Revises Outlook to Neg. & Affirms B- CCR
------------------------------------------------------------------
S&P Global Ratings said that it revised its outlook on Cornerstone
Chemical Co. to negative from stable.  At the same time, S&P
affirmed its 'B-' corporate credit rating on the company.  The
'B-' issue-level rating and '3' recovery rating on the company's
secured notes are unchanged.

The negative outlook reflects S&P's view that Cornerstone's debt
maturity profile leaves it susceptible to refinance risk,
particularly as relates to the revolving credit facility's
springing maturity date of Sept. 8, 2017.  The company also faces
an upcoming maturity on its $230 million senior secured notes, due
March 15, 2018.  The refinancing risk notwithstanding, the
company's earnings profile has improved since the new ammonia plant
began operation in the second half of 2016.  S&P expects that this
development will support the company's ability to refinance prior
to the springing maturity date.

Cornerstone's business profile is characterized by its relatively
narrow product mix and limited diversity as well as the risks
associated with operating in a cyclical industry.  Its geographic
and customer diversity are low; the company generates the majority
of its revenues from the U.S. and about 60% from its top 10
customers.  S&P views the company's reliance on a single
manufacturing site, located on the Mississippi River and about 15
miles away from New Orleans, as a key risk factor.  With this site
located in a hurricane-prone region, the company remains
susceptible to potential operating disruptions, which would lead to
reductions in EBITDA and cash flows.  Although Cornerstone has
property and business disruption insurance, it is exposed to losses
in excess of the applicable limits and for business disruptions
shorter than required to file a claim.

The company is one of two North American producers of acrylonitrile
for the merchant market, which goes into a variety of products and
end markets, including water treatment and enhanced oil recovery.
S&P expects that demand in this segment should improve over the
next few years, driven by the growing global demand for clean water
and continued growth in hydraulic fracturing for shale oil and gas.
Despite maintaining a satisfactory market share in the North
American market, Cornerstone is a small player in the fragmented
global acrylonitrile market.  Cornerstone is the sole North
American producer of melamine, and it supplies an estimated 50% of
the domestic market.  Demand for melamine tends to be driven by the
housing and construction market, as it is used in products such as
laminates for countertops and flooring.  Sulfuric acid is a
high-volume chemical, with a localized market due to relatively
high transportation costs.

In recent years, the company has increased the percentage of
revenues under long-term formula-based contracts, which provides
some earnings protection.  The majority of the company's revenues
in the acrylonitrile and sulfuric acid segments are now under
pass-through contracts with selling prices based on input costs
plus a predetermined spread.  S&P expects that key raw materials
such as propylene, ammonia, and sulfur will continue to experience
large price swings, potentially leading to some volatility in
EBITDA margins.  In a potential downturn, S&P expects that earnings
will remain above recessionary levels as a result of having a
greater proportion of revenues under pass-through contracts, along
with some efficiency improvements the company has made.

Based on S&P's scenario forecasts, it expects credit measures to
improve modestly over the next year but remain in line with S&P's
expectations at the current rating, including weighted average FFO
to total adjusted debt of 9%-12%.  S&P's base-case scenario does
not factor in any additional debt-funded dividends over the next
year.  Cornerstone has to take scheduled turnarounds for its
facility to comply with regulations and perform maintenance
activities and upgrade machinery.  These turnarounds are for up to
a month in duration, and S&P expects that the company will perform
one or two of these annually over the next few years.

The negative outlook reflects the refinancing risk associated with
the company's upcoming maturity profile, in particular the
springing maturity of its revolving credit facility, which is due
on Sept. 8, 2017, unless the company's secured notes are refinanced
before that time.  S&P expects that the company's improved earnings
profile resulting from its new ammonia plant will support its
ability to refinance prior to the springing maturity date.

S&P could lower the rating within the next few months if the
company is unable to address its upcoming revolver springing
maturity.  In this scenario, S&P would lower the rating into the
'CCC' category based on imminent refinance risk and the related
impact on liquidity and capital structure.

S&P could revise the outlook back to stable if the company is able
to refinance its capital structure to mitigate refinancing risk and
extend its maturity profile.  To consider such a revision, S&P
would need to see the maturities of both the revolving credit
facility and secured notes extended, such that there are no longer
any maturities occurring over a 12-month time horizon.  S&P expects
2017 results to benefit from the ammonia plant that began operating
in late 2016.  However, S&P would only consider a revision back to
stable if the maturity profile is addressed, regardless of the
company's operating performance.



CORTLAND HABITATS: Voluntary Chapter 11 Case Summary
----------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

    Debtor                                        Case No.
    ------                                        --------
    Jeff D. Grodinsky                             17-71522
    4 Tomkins Court
    Commack, NY 11725

    Cortland Habitats, Inc.                       17-71523
      fka SUNY Habitats, Inc.
    4 Tomkins Court
    Commack, NY 11725

    College Hill Realty, LLC                      17-71524
      fka Walk 2 Class, LLC
      fka Cortland Habitats, Inc.
      FKA SUNY Habitats, Inc.
    4 Tomkins Court
    Commack, NY 11725

    Campus Habitats, LLC                          17-71525
      fka Cortland Habitats, Inc.
      FKA SUNY Habitats, Inc.
    4 Tomkins Court
    Commack, NY 11725

    Committed 2 Cortland, LLC                     17-71526
       fka Cortland Habitats, Inc.
       aka Walk 2 Class, LLC
       FKA SUNY Habitats, Inc.
   4 Tomkins Court
    Commack, NY 11725

About the Debtor: Jeff D. Grodinsky holds a 100%
                  interest in Cortland Habitats, Inc.

Chapter 11 Petition Date: March 15, 2017

Court: United States Bankruptcy Court
       Eastern District of New York (Central Islip)

Judge: Hon. Alan S. Trust

Debtors' Counsel: Michael J Macco, Esq.
                  MACCO & STERN LLP
                  2950 Express Drive South, Suite 109
                  Islandia, NY 11749
                  Tel: 631-549-7900
                  Fax: 631-549-7845
                  E-mail: csmith@maccosternlaw.com

                    - and -

                  Kenneth A. Reynolds, Esq.
                  MCBREEN & KOPKO
                  500 North Broadway, Suite 129
                  Jericho, NY 11753
                  Tel: (516) 364-1095
                  Fax: (516) 364-0612
                  E-mail: kreynolds@mklawnyc.com

                                       Estimated   Estimated
                                        Assets    Liabilities
                                      ----------  -----------
Cortland Habitats, Inc.                $1M-$10M     $1M-$10M
College Hill Realty, LLC               $1M-$10M     $1M-$10M
Campus Habitats, LLC                   $1M-$10M     $1M-$10M
Committed 2 Cortland, LLC              $1M-$10M     $1M-$10M

The petitions were signed by Jeff D. Grodinsky, CEO.

The Debtors did not include a list of their largest unsecured
creditors when they filed the petitions.

Full-text copies of the petitions are available for free at:

          http://bankrupt.com/misc/nyeb17-71523.pdf
          http://bankrupt.com/misc/nyeb17-71524.pdf
          http://bankrupt.com/misc/nyeb17-71525.pdf
          http://bankrupt.com/misc/nyeb17-71526.pdf


COVANTA HOLDING: S&P Affirms 'BB+' Rating on Sr. Secured Debt
-------------------------------------------------------------
S&P Global Ratings said it affirmed its 'BB-' corporate credit
ratings on Covanta Holding Corp. and Covanta Energy LLC.  The
outlook is stable.

S&P also affirmed its 'BB+' issue-level rating on Covanta Energy's
senior secured debt.  The recovery rating on this debt is '1',
indicating expectations for very high (90%-100%; rounded estimate:
95%) recovery in a payment default.  In addition, S&P affirmed its
'BB-' issue-level rating on Covanta's senior unsecured debt and 'B'
issue-level rating on Covanta Holding's unsecured debt.  The '3'
recovery rating on the senior unsecured debt reflects S&P's
expectation of meaningful (50%-70%; rounded estimate: 65%) recovery
in the event of default.  The '6' recovery rating on the unsecured
debt reflects S&P's expectation of negligible (0%-10%; rounded
estimate: 0%) recovery in the event of a default.

"The stable rating outlook on Covanta reflects our expectation that
the business will continue to manage its numerous contracts well,
maintain high asset availability, and complete the construction of
the Dublin facility by the fourth quarter of 2017," said S&P Global
Ratings analyst Kimberly Yarborough.  "In addition, we expect
stable operating margins as well as stable cash flows generated
from new waste contracts, system improvements, and organic growth
opportunities in the domestic market.  We expect these positive
factors to offset existing contract transitions and organic growth
capital spending.  Under our base case, we expect that adjusted FFO
to total debt and debt to EBITDA will remain above 10% and below
6.25x, respectively, in 2018 and beyond.  We further expect debt to
EBITDA to steadily decline over the following years, eventually
approaching management's targets of 4x-4.5x."

Factors that could lead to a downgrade would likely involve poor
operational performance, including boiler availability of less than
90%, significant delays in the construction of the Dublin facility,
or further declines in metals and power prices such that debt to
EBITDA is above 6.25x or FFO to debt is below 10% on a sustained
basis after the Dublin facility is operational. S&P could also
consider a downgrade if financial policy, which has become more
favorable, in S&P's opinion, reverts and becomes more aggressive,
with capital allocations that are disadvantageous to creditors.

While unlikely at this time, S&P could consider an upgrade if
operating results continue to be solid, recontracting rates are
favorable, the Dublin facility is completed, and financial
performance improves materially.  More specifically, an upgrade
would likely require financial performance at the high end of the
aggressive range--debt to EBITDA of about 4.5x or less and FFO to
debt of about 20% on a sustained basis.



CRIMSON INVESTMENT: April 13 Plan Confirmation Hearing
------------------------------------------------------
The U.S. Bankruptcy Court for the District of Oregon approved the
disclosure statement explaining Crimson Investment Group, LLC's
Chapter 11 plan and will convene a hearing on April 13, 2017, at
1:30 P.M., to consider confirmation of the Plan.

Written ballots accepting or rejecting the Plan and objections to
the proposed plan must be received no less than seven days before
the Plan Confirmation Hearing.

                   About Crimson Investment

Crimson Investment Group, LLC, sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D. Ore. Case No. 16-32747) on
July 14, 2016.  The petition was signed by Tracey Baron, manager.

The case is assigned to Judge Trish M. Brown.  The Debtor tapped
Michael D. O'Brien & Associates P.C. as counsel.  At the time of
the filing, the Debtor disclosed $852,102 in assets and $1.4
million in liabilities.


CT TECHNOLOGIES: Moody's Lowers Corporate Family Rating to B3
-------------------------------------------------------------
Moody's Investors Service downgraded CT Technologies Intermediate
Holdings, Inc.'s Corporate Family Rating (CFR) to B3 from B2,
Probability of Default Rating (PDR) to B3-PD from B2-PD and the
first lien senior secured credit facilities' ratings to B3 from B2.
The rating outlook remains stable.

"The downgrades are driven by CIOX Health's weak credit metrics and
Moody's expectations for their improvement to remain slow," said
Moody's Analyst, Prateek Reddy. "Additionally, the path to
strengthen the company's liquidity profile is challenging in the
near term and is compounded by the covenant step down later in
2017."

Rating Actions:

Corporate Family Rating, Downgraded to B3 from B2

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

$35 Million Senior Secured First Lien Revolving Credit Facility due
2019, Downgraded to B3 (LGD3) from B2 (LGD3)

$597 Million ($589 Million Outstanding) Senior Secured First Lien
Term Loan due 2021, Downgraded to B3 (LGD3) from B2 (LGD3)

Outlook, Remains Stable

RATINGS RATIONALE

CIOX Health's B3 CFR reflects its high leverage, weakened margins,
relatively modest revenue size of under $600 million, and narrow
business focus providing medical information exchange management
and retrieval services to US healthcare providers and insurance
carriers. Legal risks associated with the release of protected
health information and potential changes within the regulatory
environment also present risks to profitability. The company's
leverage and margins are likely to improve modestly in 2017 but
stress on the liquidity profile will rise. There is no clear path
to a material reduction in revolver borrowings outstanding or
increasing cash balances and covenant compliance will be tight when
it steps down in September 2017. However, the rating is supported
by CIOX Health's strong position in an industry with favorable
growth characteristics. Additionally, multi-year contracts and high
contract renewal rates lend visibility and predictability to
revenues.

The stable outlook reflects Moody's expectation that credit metrics
will improve modestly in 2017 as elevated investment costs subside
and improved efficiencies benefit earnings, margins and cash flow.
The outlook also incorporates Moody's expectations for limited
financial flexibility with very modest covenant cushion over the
next 12-18 months. The outlook does not incorporate a sizable debt
funded acquisition or dividend payments.

Ratings could be downgraded if debt/EBITDA rises and sustains above
7x or free cash flow/debt sustains below 2%. Deterioration in
liquidity including a less than certain ability to meet the
financial covenant could result in the ratings being downgraded.

Ratings could be upgraded if debt reduces and EBITDA grows
resulting in the sustenance of debt/EBITDA below 5.5x and free cash
flow/debt above 5%. Improved liquidity with revolver availability
plus cash of at least $40 million and sufficient headroom under the
financial covenant will also be required for ratings to be
upgraded.

CIOX Health, headquartered in Alpharetta, GA, is a large provider
of healthcare information services and technology solutions to
hospitals, health systems, physician practices and authorized
recipients of protected health records in the United States. The
company offers three main service lines: Release of Information
(ROI) services of health records, Health Information Management
(HIM) solutions, and Payor Services Unit (PSR) services. ROI
services involve managing the fulfillment of requests for medical
records in an accurate, regulatory-compliant and timely manner. HIM
services include coding services, audit management, denial
management, and document management. PSR services include full
chart retrieval services for some of the nation's largest insurance
carriers under contract rates. The affiliates of New Mountain
Capital, LLC own and control CIOX Health. In the twelve months
ended 30 September 2016, the company reported $586 million in
revenue.

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



CUBA TIMBER: Has Interim Nod to Use Cash Until March 20
-------------------------------------------------------
The Hon. D. Sims Crawford of the U.S. Bankruptcy Court for the
Northern District of Alabama has granted Cuba Timber co., Inc.,
interim authorization to use cash collateral until the final
hearing on the cash collateral use set for March 20, 2017, at 11:00
a.m. (CST).

As and for adequate protection for the use by the Debtor of the
cash collateral, Fundamental Funding, LLC, and Strategic Funding
Source, Inc., will be, and hereby are, granted the post-petition
liens and the adequate protection priority claims.  As additional
adequate protection, (i) the Debtor will provide to the Fundamental
Funding and Strategic Funding no later than March 10th and 17th, a
report that sets forth in reasonable detail and in the format of
the budget a report as to the Debtor's use of cash collateral and
the cash revenues collected and the cash expenditures made by
Debtor during the preceding week and a report as to the issuance of
invoices to account debtors; (ii) an aging of accounts receivable
and payable; and (iii) other information as reasonably requested by
Fundamental Funding or Strategic Funding.  The Debtor will maintain
with respect to the prepetition collateral insurance in the type
and in the amount as the Debtor maintained as of the Petition Date.
As further adequate protection, Fundamental Funding will be
entitled to and allowed to collect any prepetition accounts and
apply the sums to the outstanding obligations.  Additionally, the
Debtor will remit or provide to Fundamental Funding any and all
funds, payment remittances or checks received from prepetition
accounts receivables for application to the obligations due
Fundamental Funding.

A copy of the Court Order is available at:

           http://bankrupt.com/misc/alnb17-70349-37.pdf

On Feb. 24, 2017, the Debtor sought permission to use the cash
collateral, saying that it doesn't have sufficient unencumbered
cash or other assets with which to continue to operate its business
in Chapter 11 if payment of the Debtor's accounts receivables is
delayed or interrupted.  The Debtor requires immediate authority to
use cash collateral in order to continue its business operations
and pay its employees.  The Debtor wants to use cash collateral on
an interim basis as necessary to avoid immediate and irreparable
harm to the estate pending a final hearing.

Fundamental Funding has asserted a security interest in the
Debtor's accounts receivables, contract rights, proceeds and other
cash collateral.

Pursuant to merchant agreements between the Debtor and Strategic
Funding, the Debtor granted Strategic Funding to secure the
Debtor's obligations, a security interest in and continuing lien on
substantially all of the Debtor's assets.  As of the Petition Date,
the obligations for which the Debtor was allegedly truly and justly
indebted to Fundamental Funding, without defense, counterclaim,
recoupment or offset of any kind, aggregated not less than
approximately $1,692,162.  Pursuant to an intercreditor agreement,
Strategic Funding subordinated to Fundamental its prior security
interest and lien in all of the Debtor's assets, except for the
Timber Deed, for which Strategic Funding retained its first
position.  As of the Petition Date, the obligations for which the
Debtor was allegedly indebtetd to Strategic Funding, without
defense, counterclaim, recoupment or offset of any kind, aggregated
not less than approximately $516,041.

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

              http://bankrupt.com/misc/alnb17-70349-3.pdf

On March 1, 2017, the U.S. Administrator and Fundamental Funding
each filed objections to the Debtor's request to use cash
collateral.

Fundamental Funding complains that while the Debtor has disclosed
Fundamental Funding as a secured creditor in its motion, it also
states "there are other secured creditors who may seek to assert a
superior interest," but it fails to identify who these "other
secured creditors" are and have not given those creditors notice of
hearing on the motion as required under the U.S. Bankruptcy Code
and Rules.

According to Fundamental Funding, the Debtor's motion gives no
guidance to the creditor, other creditors or the Court regarding
how much cash collateral the Debtor wishes to use and for what
purposes the Debtor wishes to use it.  Additionally, the Debtor has
not provided any form of workable cash flow budget from which this
information could be gleamed.

Several weeks prior to Debtor's bankruptcy, Fundamental Funding
requested financials, bank statements, and a 13-week cash flow
budget from the Debtor.  The Debtor was unable or unwilling to
provide this information to Fundamental Funding.

Fundamental Funding's Objection is available at:

                http://bankrupt.com/misc/alnb17-70349-5.pdf

The Bankruptcy Administrator complains that The Debtor's motion
does not provide a budget, any other financial information related
to the purported interest of Fundamental Funding and value of any
cash collateral.  The Bankruptcy Administrator believes this is
essential information for creditors to make an informed decision.

On March 1, 2017, the Bankruptcy Administrator sent out letters to
the twenty largest unsecured creditors as scheduled by the Debtor
for formation of an unsecured creditors' committee.  The deadline
for responses to the solicitation is March 13, 2017.  It is unknown
whether there will be a committee formed.  The Bankruptcy
Administrator believes that the creditors should have an
opportunity to review any loan, security, or assignment documents
of Fundamental Funding which set forth the creditor's purported
security interest in Debtor’s accounts receivables, contract
rights, proceeds and other cash collateral.  The Bankruptcy
Administrator does not see that the documents have been filed of
record in the case.

The Bankruptcy Administrator believes that to further protect the
interests of creditors until it is known whether there will be a
committee formed, the Bankruptcy Administrator believes that any
interim order should preserve the right of any committee or other
creditors to object to the validity of Fundamental Funding's
purported security interest once further information regarding its
purported security interest is provided.

A copy of the Bankruptcy Administrator's Objection is available
at http://bankrupt.com/misc/alnb17-70349-14.pdf

Fundamental Funding is represented by:

     Clark R. Hammond, Esq.
     Gary W. Lee, Esq.
     WALLACE, JORDAN, RATLIFF & BRANDT, LLC
     800 Shades Creek Parkway, Suite 400
     Birmingham, Alabama 35209
     Tel: (205) 870-0555
     E-mail: chammond@wallacejordan.com
             gwlee@wallacejordan.com

                     About Cuba Timber Co.

Cuba Timber Co., Inc., is in the timber business pursuant to which
it negotiates contract with landowners to acquire and cut timber so
it can be sold to various end users, like paper mills.

Cuba Timber Co. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N. D. Ala. Case No. 17-70349) on Feb. 24,
2017.  The petition was signed by Steve Goodman, president.  At the
time of the filing, the Debtor disclosed $2.72 million in assets
and $6.91 million in liabilities.  A. Richard Maples, Jr., Esq., at
Maples & Fontenot, LLP, serves as the Debtor's legal counsel.


CYPRESS WAY: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: CYPRESS WAY LLC
        3025 Sunrise Highway
        Units 1-24 and 26
        Islip Terrace, NY 11752

Case No.: 17-22383

Business Description: Cypress Way owns a multi-family apartment
                      complex located at 2025 Sunrise Highway,
                      Islip Terrace, New York.  The Debtor
                      purchased the property in March of 2016
                      using the proceeds from a $6,450,000 note
                      and mortgage made by Creif 102 LLC.  Due to
                      certain construction delays, the Debtor was
                      not able to rent out all of the units at
                      the Property pursuant to its original
                      schedule causing the Debtor to default on
                      the note and mortgage.  Because of the
                      default, the Lender noticed a UCC sale for
                      the membership interests in the Debtor held
                      by BCH Capital LLC, who is simultaneously
                      filing its own Chapter 11 case.

Chapter 11 Petition Date: March 15, 2017

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

Judge: Hon. Robert D. Drain

Debtor's Counsel: Arnold Mitchell Greene, Esq.
                  ROBINSON BROG LEINWAND GREENE
                  GENOVESE & GLUCK, P.C.
                  875 Third Avenue, 9th Floor
                  New York, NY 10022
                  Tel: (212) 603-6300
                  Fax: (212) 956-2164
                  E-mail: amg@robinsonbrog.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by David Goldwasser, manager.

The Debtor did not include a list of its largest unsecured
creditors when it filed the petition.

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

          http://bankrupt.com/misc/nysb17-22383.pdf


DAKOTA PLAINS: Court OKs DIP Budget & Continued Cash Collateral Use
-------------------------------------------------------------------
The Hon. Michael E. Ridgway of the U.S. Bankruptcy Court for the
District of Minnesota has approved the amended DIP budget and
continued cash collateral use proposed by Dakota Plains Holdings,
Inc., et al.

Since filing for bankruptcy, the Debtors have conducted an auction
pursuant to bid procedures approved by the Court.  The Debtors
intend on remitting approximately $7.6 million of the sale proceeds
to SunTrust Bank.  This will result in the DIP Facility being paid
in full and terminated.  As adequate protection, the Debtors are
required to pay certain legal fees and expenses incurred by
SunTrust's counsel.  To satisfy this obligation and to address
potential unbudgeted cash collateral needs of the Debtors, the
Debtors intend on remitting $280,000 to Moore & Van Allen PLLC to
be held in escrow for application to future fees and expenses of
counsel to SunTrust Bank that are payable in accordance with the
terms of the final DIP court order.  These funds will remain cash
collateral until used to pay fees and expenses.  Any excess funds
will be remitted to SunTrust Bank in accordance with the sale court
order, the Final DIP Order and the Prepetition Loan Documents or,
at the option of SunTrust Bank, released to the Debtors for
distribution in accordance with a confirmed plan of reorganization.
The Debtors require the use of cash collateral to complete the
wind-down of their businesses after the sale to BioUrja closes and
the period covered by the DIP Budget ends.  The Debtors, together
with SunTrust, are assessing the value of what remains in these
Chapter 11 estates, including certain claims and causes of action.
The Debtors and SunTrust believe that the proposed Amended DIP
Budget is the most cost effective method to assess and protect any
remaining value that may be available to the estates on account of
such assets.

The Debtors requested that the Court approve the Amended DIP
Budget, which includes forecasts for cash receipts and
disbursements through and including May 31, 2017.  The Debtors
intend on using their best efforts to incur expenses below those
forecasted in the Amended DIP Budget.

SunTrust Bank, as administrative agent for both the DIP Facility
and Prepetition Facility, has reviewed the Amended DIP Budget and
has informed the Debtors that it consents to the Debtors' continued
use of cash collateral, subject to the terms and conditions of the
DIP Orders and the Amended DIP Budget.

A copy of the Debtors' Motion is available at:

            http://bankrupt.com/misc/mnb16-43711-126.pdf

                  About Dakota Plains Holdings

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.


DEVAL CORP: Seeks More Time to File Plan Through May 10
-------------------------------------------------------
DeVal Corporation asks the U.S. Bankruptcy Court for the Eastern
District of Pennsylvania to extend the time by which it has the
exclusive right to file a plan through May 10, 2017, and the time
by which it has the exclusive right to solicit acceptances of that
plan through July 10, 2017.

Absent the extension, the Debtor's exclusive plan filing period was
to expire March 11, 2017, and its exclusive solicitation period
will expire on May 10, 2017.

The case involves the Debtor's efforts to reorganize its
long-standing business consisting of high-tech manufacturing and
re-manufacturing of aircraft and weapon support equipment for the
United States Navy, the United States Marines and the
United States Air Force by either (a) selling its business
operations as a going concern or (b) restructuring its indebtedness
as part of a stand-alone plan to insure the continued business
operations for its valued customers, employment for its dedicated
workforce and to maximize a distribution to its creditors.

The Debtor related that at the Petition Date, it had been
negotiating the terms and conditions of a sale of substantially all
of its assets to an interested party, and believed that a sale
transaction was imminent. Unfortunately, the interested party grew
anxious with the Chapter 11 sale process, so the Debtor expanded
its sale and marketing efforts identifying other prospective
purchases of its business assets and/or real estate.

The Debtor said it has significantly advanced its efforts to sell
certain of its business assets and for debtor-in-possession funding
to facilitate its operations through the sale process.

In the interim, the Debtor said it has worked with its secured
creditors to continue its business operations using its cash flow
through a series of negotiated interim cash collateral orders.

At this juncture, the Debtor said it plans to reorganize around the
anticipated sale transaction and/or the proceeds of that sale and,
accordingly, requires additional time within which to facilitate
its sale and reorganization efforts.

The Debtor maintains that it has taken timely strides towards
marketing and selling its business assets, and is working towards a
consensual plan of reorganization.

                      About DeVal Corporation

DeVal Corporation filed a chapter 11 petition (Bankr. E.D. Pa. Case
No. 16-17922) on Nov, 11, 2016.  The petition was signed by Dominic
Durinzi, president.  The case is assigned to Judge Ashely M. Chan.
The Debtor estimated assets and liabilities at $1 million to $10
million at the time of the filing.  The Debtor is represented by
Robert M. Greenbaum, Esq. and David B. Smith, Esq., at Smith Kane
Holman, LLC.  Michael C. Lingerman, CPA, LLC serves as accountant
to the Debtor.


DIANE THOMAS: Can Use Heartland Bank Cash Collateral
----------------------------------------------------
Judge Pamela S. Hollis of the U.S. Bankruptcy Court for the
Northern District of Illinois authorized Diane Thomas to use
Heartland Bank and Trust Co. cash collateral.

Heartland Bank is granted a replacement postpetition lien on all
rents derived from Heartland Bank's cash collateral.

The Debtor will disburse to Heartland Bank adequate protection
payments in the amount of $6,500 per month.

The Debtor is authorized to use Heartland Bank's cash collateral as
long as she makes the monthly adequate protection payments of
$6,500 and maintains insurance on Heartland Bank's collateral in an
amount sufficient to protect the value of the collateral.

Diane L. Thomas sought Chapter 11 protection (Bankr. N.D. Ill. Case
No. 16-35311) on Nov. 4, 2016.  The Debtor tapped John C. Ruddy,
Esq., at Ruddy, King & Petersen Law Group, LLC as counsel.


DIRECTORY DISTRIBUTING: Bid to Extend Plan Exclusivity Denied
-------------------------------------------------------------
Judge Kathy A. Surratt-States denied Directory Distributing
Associates, Inc.'s motion to extend its exclusivity periods as
moot.

After the filing of the Exclusivity Motion, the Bankruptcy Court
ordered the appointment of a Chapter 11 Trustee, which terminated
the Debtor's exclusive right to propose and seek confirmation of a
plan by operation of law.  

Any request for extension of exclusivity must be filed by a
separate motion, notice and hearing, the Court noted.

The Debtor's Exclusivity Motion sought for an April 12 extension of
the plan filing period, and a June 12 extension of the plan
solicitation period.

            About Directory Distributing Associates

Directory Distributing Associates, Inc. sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. E. D. Mo. Case No. 16-
47428) on Oct. 14, 2016. The petition was signed by Kristy Runk
Bryan, Esq., attorney.

The case is assigned to Judge Kathy A. Surratt-States. The Debtor
is represented by Carmody MacDonald P.C.

At the time of the bankruptcy filing, the Debtor estimated assets
of $1 million to $10 million, and liabilities at $100,000 to
$500,000.

The Debtors have hired McCarthy Leonard & Kaemmerer L.C. as special
counsel for labor and employment class action matters; Carr Allison
as special counsel for works compensation; Gold Weems as special
counsel for workers compensation and subrogation litigation matters
in Louisiana; Lewis Brisbois as special counsel; and Walker &
Patterson, P.C. as special counsel.

John P. Vaclavek has been named as Chapter 11 Trustee for the
Debtor.  The Trustee employed Thompson Coburn LLP as counsel;
Carmody MacDonald, P.C. as special counsel; and Williams-Keepers
LLC as accountant.

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


DOLE FOOD: S&P Affirms 'B-' CCR; Outlook Stable
-----------------------------------------------
S&P Global Ratings affirmed all of its ratings, including its 'B-'
corporate credit rating, on Westlake Village, Calif.-based Dole
Food Co. Inc.  The outlook is stable.

S&P also assigned a 'B-' issue-level rating to the new first-lien
term loan with a '3' recovery rating, indicating S&P's expectations
for meaningful recovery (rounded estimate: 65%), and a 'CCC+'
issue-level rating on the junior secured notes with a '5' recovery
rating, indicating S&P's expectations for modest recovery (rounded
estimate: 10%).

S&P will withdraw the ratings on the existing term loan and notes
at the close of the transaction.

S&P estimates Dole had $1.3 billion in reported debt outstanding as
of Sept. 30, 2016.

"The rating affirmation reflects our assessment that the company is
performing largely as anticipated," said S&P Global Ratings analyst
Jessica Paige.  "The company is refinancing its ABL revolver,
first-lien term loan, and junior secured notes, in part to fund an
additional liability payment.  Still, the transaction is
essentially leverage neutral, with about $100 million more in debt
to finance the litigation costs and related refinancing fees."

S&P Global Ratings believes the company's significant growth
capital investments, including the purchase of three shipping
vessels and investment in a vertical integration strategy (in which
the company acquires banana and pineapple farms overseas), will
improve operating efficiency and margins with the added capacity
and the capture of "grower margin" from the acquired farms.  S&P
also believes these initiatives--coupled with the expansion of the
company's product portfolio over the past several years into
adjacent fruit and vegetable offerings--have reduced profit
volatility.  Going forward, S&P believes many of the cash drains on
the company such as higher capital expenditures for vessels and
farms, litigation settlement payments, and product recall costs
from the listeria outbreak in the first quarter of 2016, will
subside, allowing for cash flows to be deployed for debt
repayment.

Still, near-term risks remain.  The company suspended operations at
its Springfield, Ohio, plant last year and recalled all packaged
salads processed there because of listeria contamination. The fresh
vegetables segment, particularly its packaged salads division, was
a drag on profits, contributing negative EBIT of
$42 million in 2016 compared with positive EBIT of $55 million in
2015.  While S&P's base-case projections assume the company will
continue to regain market share at retailers as a result of growing
demand for value-added packaged vegetables and recently implemented
controls for product safety and compliance, S&P believes there is a
fair degree of uncertainty to a complete rebound in this segment's
performance.  Moreover, additional costs could be incurred from a
criminal investigation recently launched by the U.S. Justice
Department into the listeria outbreak.  And there is also a
possible tax liability related to transfer pricing in Costa Rica
that will likely be funded in the second half of 2017.

The stable outlook reflects S&P's expectation that the company will
sustain its revised operating performance over the next year as the
fresh vegetable segment rebounds, barring any additional product
recalls.  S&P expects the company to maintain debt to EBITDA over
5.5x in the next year and then deleverage after 2017, as it deploys
cash flows for debt repayment rather than growth initiatives and
one-time payments for litigation costs.

S&P could downgrade the company if it significantly leverages its
capital structure such that it is no longer sustainable, including
debt to EBITDA sustained well above 7x and EBITDA interest coverage
well below 1.5x, or if any future unforeseen litigation liabilities
were to challenge the long-term viability of the company.  S&P
believes the company would have to recapitalize its current capital
structure with significantly more debt (well over $1 billion),
possibly to fund dividends to its controlling owner for this to
occur.

An upgrade would primarily be predicated on lower litigation costs
and less control by David Murdock.  Once these conditions are in
place, an upgrade could occur either because of lower leverage or
improved operating performance, such that the company reduces debt
to EBITDA below 5x.  This is possible by the first half of fiscal
2018 to the extent the company's cash flow is available for debt
reduction rather than the one-time items costs that have plagued it
recently.  An upgrade could also occur if the company can recapture
the lost sales and profits from last year's recall while sustaining
improved EBITDA margins in the 7%-8% range following its recent
farm acquisitions and investments proprietary shipping capacity.


ELK CREEK: Court Stops Continued Use of Cash Collateral
-------------------------------------------------------
The Hon. Laura T. Beyer of the U.S. Bankruptcy Court for the
Western District of North Carolina has denied Elk Creek
International, Inc.'s motion for authorization to use cash
collateral.

The Court entered on Feb. 24, 2017, an interim order authorizing
the Debtor to use cash collateral through March 15, 2017.

A continued hearing on the Debtor's motion was set for March 15,
2017, at 9:30 a.m.

As reported by the Troubled Company Reporter on Dec. 22, 2016, the
Debtor was allowed to use cash collateral through Feb. 15, 2017.
Yadkin Bank was granted a valid, perfected, and enforceable
security interest in the rolling stock, consisting of titled motor
vehicles, owned by the Debtor, to the extent the Debtor's accounts
receivable -- valued at $59,958 -- are actually diminished during
the period prior to plan confirmation.  The Replacement Lien would
secure a maximum of $20,000, and is equivalent to a lien granted
under 11 U.S.C. Section 364(c)(2).  Judge Beyer directed the Debtor
to make a $7,500 monthly adequate protection payments to Yadkin
Bank.

                     About Elk Creek International

Elk Creek International, Inc., fdba Elk Creek Lumber Inc., fdba Elk
Creek Properties, LLC, sought protection under Chapter 11 (Bankr.
W.D.N.C. Case No. 16-50423) on July 5, 2016.  The petition was
signed by David M. Blair, president.  The Debtor is represented by
James H. Henderson, Esq., at The Henderson Law Firm.  The case is
assigned to Judge Laura T. Beyer.  The Debtor estimated assets of
$0 to $50,000 and debts of $1 million to $10 million at the time of
the filing.


ERATH IRON: May Use Cash Collateral; Hearing on March 20
--------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas has
granted Erath Iron and Metal, Inc., permission to use cash
collateral on limited basis.

A hearing to consider the Debtor's continued use of cash collateral
will be held on March 20, 2017, at 2:30 p.m.

The Debtor filed on Feb. 24, 2017, a motion for court authorization
to use cash collateral of Coleman County State Bank, on an
emergency, interim basis, to prevent immediate and irreparable
injury to the metal purchase, shredding and selling business
maintained by the Debtor and located in Erath County, Texas.

The Debtor's proposed budget provides for the necessary expenses to
maintain and care for the day to day operation of the business.

The liens on cash collateral are held by the Bank.  No additional
or replacement liens are provided for unless further ordered by the
Court.

As of the Petition Date, the Debtor owes the Bank approximately
$1,135,000, which is secured by a security interest in real
property located at 6970 S US 377, Stephenville, Texas, and 235 W.
Elm in Dublin Texas, along with Debtor's inventory and receivables.
An additional $6,000,000 line of credit with a lien on inventory
and other cash collateral is also owed to the Bank.

The Debtor has previously executed documents which appear to give a
security interest to the Bank in certain of the Debtors' assets,
including Debtors' real property, inventory and cash proceeds from
inventory, and other property that would constitute cash
collateral.

Because the Debtor's obligations to the Bank appear to be secured
by all, or substantially all, of the Debtor's assets, including the
real and personal property, and because the pledge documents,
Notes, and Security Agreements, (all of which the Debtors and their
counsel have not yet fully reviewed), the Debtor's right to use the
sale proceeds from the sale of all recycled material, receivables
and proceeds of recyclables on the Petition Date and all
post-petition receipts are cash collateral, that the Debtor may
only use with the permission of the Bank.

The Bank's interest will be adequately protected by continuing in
place the liens and security interest in place and in effect on the
Petition Date, or as may be ordered otherwise by the Court.

A copy of the motion is available at:

           http://bankrupt.com/misc/txnb17-40693-19.pdf

The motion met objections from the Bank and PlainsCapital Bank.

The Bank said in its Feb. 27, 2017 objection that the Debtor owes
it approximately $8,789,664.43 and that the continued operation of
the business of the Debtor is not feasible.  "Based on the budget
submitted by the Debtor, the Debtor will continue to operate at a
loss.  The Debtor should not be allowed to continue to operate at a
loss to the detriment of creditors and particularly the Bank.  The
Bank does not anticipate that a material change of circumstances
have occurred despite the apparent liquidation of Bank collateral
in an effort to convert secured assets into operating assets.  The
conversion of assets was at the expense and harm of the Bank.  The
motion for authority to use cash does not describe how the Debtor
will maintain the status quo.  The budget offered by the Debtor
suggests the Debtor will suffer a loss, while not paying any debt
service to any creditor in connection with the substantial debt
owed to a number of creditors.  The Debtor has demonstrated a
disregard for the protections pledged to the Bank and disregard for
the authority of the State Court," the Bank said.

The Objection is available at:

           http://bankrupt.com/misc/txnb17-40693-28.pdf

On Feb. 28, 2017, PlainsCapital Bank filed its own objection to the
Debtor's cash collateral use.  PlainsCapital Bank says that it y
objects to the entry of any order on the Debtor's cash collateral
motion that would purport to grant the Bank a replacement lien on
all of the Debtor's assets.  According to PlainsCapital, the broad
language used in the Bank's objection appears to be an effort by
the Bank to demand a priming lien on all assets of the Debtor as
adequate protection to Coleman County Bank for the use of its cash
collateral.  A priming lien is not authorized or appropriate under
applicable law, PlainsCapital stated.

In late 2014, PlainsCapital financed the Debtor's purchase of
certain equipment for use in the Debtor's business.  The financing
was memorialized via a promissory note dated Dec. 15, 2014, payable
by the Debtor to PlainsCapital, in the principal amount of
$1,121,319.74.  Also on or about Dec. 15, 2014, the Debtor executed
a security agreement securing the Debtor’s obligations to
PlainsCapital and granting Plains a lien in certain of the Debtor's
equipment.

The Objection is available at:

            http://bankrupt.com/misc/txnb17-40693-35.pdf

The Bank is represented by:

     Mark J. Petrocchi, Esq.
     GRIFFITH, JAY & MICHEL, LLP
     2200 Forest Park Blvd.
     Fort Worth, TX 76110
     Tel: (817) 926-2500
     Fax: (817) 926-2505
     
PlainsCapital Bank is represented by:

     Jason B. Binford, Esq.
     GARDERE WYNNE SEWELL LLP
     2021 McKinney Avenue, Suite 1600
     Dallas, Texas 75201
     Tel: (214) 999-3000
     Fax: (214) 999-4667
     E-mail: jbinford@gardere.com

                   About Erath Iron and Metal

Based in Stephenville, Texas, Erath Iron and Metal, Inc., sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D.
Tex. Case No. 17-40693) on Feb. 22, 2017.  The petition was signed
by Nicolle Boyd, president.  The case is assigned to Judge Mark X.
Mullin.  At the time of the filing, the Debtor disclosed $21.87
million in assets and $4.73 million in liabilities.  The Debtor is
represented by Russell W. King, Esq., and Tracy L. King, Esq., at
King Law Offices, P.C.  No trustee, examiner or creditors'
committee has been appointed in the case.


EURONET WORLDWIDE: S&P Affirms BB+ Issue Rating on Moneygram Offer
------------------------------------------------------------------
S&P Global Ratings said it affirmed its 'BBB-' issuer credit rating
and its 'BB+' issue rating on Leawood, Kan.-based Euronet Worldwide
Inc.  The outlook was revised to Negative.

"Euronet announced yesterday that it submitted a proposal to
acquire all shares outstanding of Moneygram International Inc.
(B+/Watch Pos/--) at a premium of about 15% over an offer Ant
Financial Services Group made earlier this year," said S&P Global
Ratings credit analyst Chris Cary.  Similar to Ant's offer, Euronet
proposes to assume and refinance all of Moneygram's existing debt.
Should Moneygram accept Euronet's offer--which would also be
subject to shareholder approval-- S&P thinks Euronet's leverage
will increase to about 4x adjusted debt-to-EBITDA from about 1.5x
at yearend 2016.  S&P believes the increased leverage and
integration risk could pressure the ratings, though the company
plans on lowering leverage in the 12 to 24 months following the
transaction.  S&P thinks there is at least a one in three chance
that Euronet's offer will be accepted, but if a deal is not struck,
S&P could revise its outlook back to stable.

The Negative outlook reflects S&P Global Ratings' expectation that
Euronet's adjusted debt-to-EBITDA will increase to about 4x if it
were to acquire Moneygram.  Although S&P recognizes the potential
for integration risks, it expects that the firm will maintain and
potentially grow performance across all of its business segments
over the next 12 to 24 months.

S&P could downgrade the company following the acquisition if
leverage exceeded 4x and S&P believed the company could have
difficulty generating sufficient cash flow to reduce the debt over
a 12 to 24 month horizon.  Notwithstanding the Moneygram offer, if
further large acquisitions, share repurchases, or depressed
economic conditions weaken the financial profile, hurting leverage
and debt service metrics, S&P could also downgrade the company.

S&P expects to revise the outlook back to stable if the transaction
is not completed.



EXCO RESOURCES: Nears Deal to Stave Off Bankruptcy
--------------------------------------------------
Matt Jarzemsky, writing for The Wall Street Journal, reported that
Exco Resources Inc. is nearing a deal to stave off a potential
bankruptcy that could ultimately put some of its creditors in
control of the company.

According to the report, citing people familiar with the matter,
the Dallas-based company plans to sell $300 million in bonds to a
group of investors including Fairfax Financial Holdings Ltd.,
Bluescape Resources Co. and Oaktree Capital Group LLC and use the
proceeds to pay down its credit line and fund operations.

Providers of the new debt would also receive warrants giving them
the option to acquire up to about 55% of Exco at about 90 cents a
share, the report related, citing the people.  Exco's stock closed
March 14 at 59 cents and recently traded at around 58 cents, the
report noted.

The report, citing regulatory filings, further related that Exco
has more than $1 billion worth of bonds and loans and has reported
losses in six of the last seven quarters.  The company and its
largest shareholder, WL Ross & Co., have sought to help it to ride
out the downturn by refinancing debt, overhauling Exco's board and
recruiting veteran energy executive John Wilder to serve as
chairman, but its options have narrowed as the company's cash and
borrowing capacity have declined, the report said.

The proposed deal would reduce Exco's debt burden while offering
value to creditors at the expense of current shareholders, the
report added.

                     About EXCO Resources

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

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

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

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

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

                           *    *    *

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

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


FAIR HAVEN: CAAMM Unsecureds to be Paid from 10% of Sale Proceeds
-----------------------------------------------------------------
Fair Haven Clam & Lobster Co., LLC, and CAAMM Properties LLC filed
with the U.S. Bankruptcy Court for the District of Connecticut a
joint disclosure statement on March 6, 2017, referring to the
Debtors' plan of liquidation.

Each Plan is a liquidation plan for distribution of the cash
proceeds of a sale of all assets of both Debtors to Briarpatch
Enterprises, Inc.,  or an affiliate entity owned by Nancy Follini,
or Nancy Follini and her husband (the "BEI Entities").

An auction was held on Jan. 30, 2016, and a second qualified
bidder, BEI, participated in the auction and submitted a gross
offer of $1,722,000 to purchase all the assets of the Debtors.  The
Court determined that BEI's offer was the highest and best offer
and approved the sale of the Debtors' assets to the BEI Entities
for the sum of $1,722,000 pursuant to an asset purchase agreement
for the assets of FHC&L and a contract of sale for the real
property of CAAMM.  The BEI Entities' offer in the amount of
$1,722,000, was allocated pro rata between the two Debtor estates,
based on the original contract price offered by Norman Bloom & Son,
LLC, for each Debtor's assets; resulting in a purchase price of
$833,448 for CAAMM's assets and a purchase price of $888,552 for
FHC&L's assets.  The sale to the BEI Entities was consummated on
Feb. 15, 2017.

General Unsecured Claims are impaired by the Plan.

Class 4 of the FHC&L Plan consists of all Allowed Unsecured Claims.
Holders of allowed claims in Class 4 will be paid pro rata from
the remainder of the sales proceeds attributable to FHC&L after
payment in full of all allowed secured claims, allowed
administrative claims and allowed priority tax claims.  The Debtor
estimates that there will be approximately $1,106,575.28 of Allowed
Class 4 Claims in FCH&L, including any unpaid balance of secured
claims after payment of Classes 1, 2, and 3.

Class 4 of the CAAMM Plan consists of all Allowed Unsecured Claims.
Holders of Allowed Claims in Class 4 will be paid pro rata from
the 10% Carve Out of sale proceeds attributable to CAAMM plus the
distribution to CAAMM on its proof of claim and its claim for
administrative expense against FHC&L, after payment in full of all
Allowed Secured Claims, Administrative Claims, and Allowed Priority
Tax Claims.  The Debtor estimates that there will be approximately
$1,225,119.70 of Allowed Class 4 Claims in CAAMM, including any
unpaid balance of secured claims after payment of Classes 1, 2, and
3.  

Payments under the Plan will be funded through the net sales
proceeds received from the sale to the BEI Entities and
attributable to each estate and in the case of CAAMM, all amounts
it receives from FHC&L on account of its proof of claim and any
other amounts it receives on account of its administrative claim
for use and occupancy.  The sales proceeds after closing costs and
adjustments attributable to (i) CAAMM total $833,448 and (ii) FHC&L
$888,552.

The Disclosure Statement is available at:

            http://bankrupt.com/misc/ctb16-30623-195.pdf

                       About FHC&L and CAAMM

Fair Haven Clam & Lobster Co., LLC ("FHC&L") is in the business of
shellfishing and cultivating and harvesting shellfish. FHC&L owns
boats and equipment utilized in its business and CAAMM Properties
LLC ("CAAMM") owns real estate where offices, tanks, sorters and
refrigeration equipment are housed and docks affixed to the real
estate provide moorage for the fishing vessels.  CAAMM and FHC&L
are Connecticut limited liability companies and each company is
owned 100% by the same sole member, Michael Fraenza.

The FHC&L case was commenced by the filing of a voluntary petition
under chapter 12 on April 22, 2016.  CAAMM filed its voluntary
petition under chapter 11 on the same date and said cases are now
jointly administered (Bankr. D. Conn. Case No. 16-30623).  The
FHC&L proceeding was converted to a chapter 11 proceeding on Sept.
22, 2016.

Both Debtors have continued in possession of their property and
management of their business affairs as Debtors in Possession
throughout these proceedings.

CAAMM Properties, LLC, is represented by Dean W. Baker, Esq., at
the Law Office of Dean W. Baker.

Fair Haven Clam & Lobster Co., LLC, is represented by Carl T.
Gulliver, Esq., at Coan, Lewendon, Gulliver & Miltenberger, LLC.


FANSTEEL INC: Court Extends Time to Confirm Plan Through May 1
--------------------------------------------------------------
Judge Anita L. Shodeen entered a Memorandum of Decision extending
the exclusive period for Fansteel Inc., et al., to obtain
confirmation of its modified plan until May 1, 2017.

The Debtors originally filed a timely Exclusivity Extension Motion
seeking to move the confirmation deadline through June 1, 2017.

Absent an extension, the Debtors' confirmation deadline was March
12.

In reaching its decision, the Court took note of:

(1) TCTM Financial FS, LLC's formal objection to the Debtors'
     Extension Motion, pointing out the uncertainty of financing   

     from both Huntington Bank and 510 Ocean drive to fund the
     proposed plan;

(2) The approval of the Debtors' Second Amended Disclosure
     Statement on March 8, 2017 and, a hearing on plan
     confirmation scheduled for April 12, 2017; and

(3) Other relevant factors, which include among other things, (a)

     the large size of the debtor; (b) the need of the creditors'
     committee to negotiate with the debtor and the ability to
     prepare adequate information; (c) the existence of good faith

     progress towards reorganization; (d) the existence of an
     unresolved contingency; (e) the fact that the debtor is
     paying bills as they become due; (f) the length of previous
     extensions of exclusivity; (g) breakdowns in plan
     negotiations, (h) the debtor's failure to resolve fundamental

     reorganization matters essential to its survival; and (h) the
     gross mismanagement of the debtor. In re Hoffinger Indus.,
     Inc., 292 B.R. 639, 643-44 (B.A.P. 8th Cir. 2003).

In the Memorandum Decision dated March 10, 2017, Judge Shodeen
opined that the Debtors' Exclusivity Extension Motion could have
been more detailed in explaining cause for its request.

Judge Shodeen also held that TCTM's argument on the procurement of
financing does not raise any issued that have not already been
considered or addressed by the Court in its prior rulings.

As previously reported by The Troubled Company Reporter, the Court
denied the Official Committee of Unsecured Creditors' request to
terminate the Debtors' exclusivity, holding that the panel failed
to establish cause for its request.

                     About Fansteel

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

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

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

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


FIAC CORP: Court Extends Plan Filing Deadline Through May 1
-----------------------------------------------------------
Judge Brandan Shannon has extended FIAC Corp., et al.'s exclusive
plan filing period through May 1, 2017, and their exclusive
solicitation period through June 29, 2017.

                      About FIAC Corp.

FIAC Corp. and its affiliated Debtors filed chapter 11 petitions
(Bankr. D. Del. Lead Case No. 16-12238) on October 10, 2016.  The
Debtors are represented by Matthew B. Lunn, Esq., Donald J. Bowman,
Jr., and Shane M. Reil, Esq., at Young Conaway Stargatt & Taylor,
LLP, and Paul V. Shalhoub, Esq., Jennifer J. Hardy, Esq., and Debra
C. McElligott, at Willkie Farr & Gallagher LLP.

The Official Committee of Equity Security Holders of FIAC Corp., et
al., has tapped Higgs & Johnson to serve as its special counsel.


FLY NATION: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Fly Nation, Inc. as of March
15, according to a court docket.

Fly Nation, Inc. filed a Chapter 11 bankruptcy petition (Bankr.
N.D. Ga. Case No. 17-52456) on February 7, 2017, disclosing under
$1 million in both assets and liabilities.  The Debtor is
represented by M. Denise Dotson, Esq., at M. Denise Dotson, LLC.


FYNDERS INC: Seeks Court Authorization to Use Cash Collateral
-------------------------------------------------------------
Fynders, Inc. requests authorization from the U.S. Bankruptcy Court
for the District of Massachusetts to use its cash collateral.

The Debtor intends to use cash collateral to pay certain ongoing
expenses, including wages.  The proposed 13-week Budget projects
total operating and administrative expenses in the aggregate
approximate amount of $494,036 which covers the period from March
17, 2017 through June 9, 2017.

The Debtor believes that Rockland Trust Company, the Internal
Revenue Service and the Massachusetts Department of Revenue may
assert a lien on the cash collateral.

The Debtor is a restaurant located in West Boylston, Massachusetts
operating under the name Finders Pub.  It is located next door to
its affiliated restaurant, Keepers, Inc., which does business as
Keepers Pub.  Keepers has also filed a Chapter 11 petition
concurrently with the Debtor.  However, Keepers is currently closed
for renovations and expects to open in mid-April.

The Debtors and One Seventy Five LLC currently owe Rockland Trust
Company approximately $595,000 and the Small Business
Administration approximately $655,000.  The loans to Rockland Trust
and the SBA are cross-collateralized by all of the assets of
Fynders, Keepers and One Seventy-Five.  Although Rockland Trust
holds the senior lien, the Debtors believe that the value of the
real property owned by One Seventy-Five is sufficient to pay the
Rockland Trust debt.

In addition, the IRS, DOR and DUA have asserted tax liens on the
Property as follows:

    Taxing Authority           Fynders               Keepers
    ----------------           -------               -------
       IRS                     $229,591              $30,730
       DOR                     $216,912              $61,584
       DUA                     $115,942             $110,871

Fynders thus proposes to provide both periodic payments and a
replacement lien, as follows:

      (a) One Seventy-Five will continue to make its regular
monthly mortgage payments to Rockland Trust, by receiving funds
from Fynders and Keepers when it reopens, in an amount sufficient
to pay the mortgage;

      (b) Fynders will pay to the Taxing Authorities and SBA the
sum of $2,500 per week, on a pro-rated basis;

      (c) Fynders will grant Rockland Trust and the Taxing
Authorities a continuing replacement lien and security interest in
the post-petition accounts receivable to the same validity and
extent and priority that they would have had in the absence of the
bankruptcy filing; and

      (d) Fynders will remain within its Budget within an overall
margin of 10%.

A full-text copy of the Debtor's Motion, dated March 7, 2017, is
available at https://is.gd/Jz8eQ4

                          About Fynders, Inc.

Fynders, Inc., is a restaurant located in West Boylston,
Massachusetts operating under the name Finders Pub.  It is located
next door to its affiliated restaurant, Keepers, Inc., which does
business as Keepers Pub. Keepers has also filed a Chapter 11
petition concurrently with the Debtor.

Fynders, Inc., filed a Chapter 11 petition (Bankr. D. Mass. Case
No. 17-40400) on March 7, 2017.  The petition was signed by
Kathleen McCormick, president.  The case is assigned to Judge
Christopher J. Panos.  The Debtor is represented by David B.
Madoff, Esq., at Madoff & Khoury LLP.  At the time of filing, the
Debtor had $139,750 in total assets and $2.21 million in total
liabilities.

Previously, on June 23, 2010, the Debtors filed jointly
administered petitions under Chapter 11 of the Bankruptcy Code, In
re Fynders, Inc., 10-43170 and In re Keepers, Inc., 10-43171.  The
Court confirmed the Debtors' Combined Plan of Reorganization and
Disclosure Statement on December 21, 2010.

Although the Debtors were successful in completing their plan
payments to the IRS and DOR, additional financial difficulties led
to the creation of substantial new tax debt, as well as an
inability to stay current with their vendors which led to the
current bankruptcy filing.  Keepers was temporarily closed, in
order to complete additional renovations that will enable it to
increase sales.  Keepers anticipates reopening in mid-April.

No creditors' committee has yet been appointed in the Debtor's
case.


GANDER MOUNTAIN: Six More Creditors Appointed to Committee
----------------------------------------------------------
The Office of the U.S. Trustee on March 15 appointed six more
creditors to serve on the official committee of unsecured creditors
in the Chapter 11 cases of Gander Mountain Company and Overton's
Inc.

The six unsecured creditors are:

     (1) Pure Fishing, Inc.
         7 Science Court
         Columbia, SC 29203
         Contact Person: Margo Whitener
         Phone: 803-451-3571
         Email: mlwhitener@purefishing.com

     (2) Benelli USA
         17603 Indian Head Hwy Ext. 123
         Accokeck, MD 20607
         Contact Person: Karen Cushman
         Phone: 301-283-6981
         Email: Karenc@benellivsa.com

     (3) Vista Outdoor Sales, LLC
         1 Vista Way
         Anoka, MN 55303
         Contact Person: Dianna M. Gibson
         Phone: 763-323-2485
         Email: Jim.hanus@vistaoutdoor.com

     (4) National Retail Properties, Inc.
         450 S. Orange Ave, Suite 900
         Orlando, FL 32801
         Contact Person: Christopher P. Tessitore
         Phone: 407-650-1115
         Email: chris.tessitore@nnnreit.com

     (5) Liberty Safe and Security Products, Inc.
         1199 West Utah Avenue Ext. 212
         Payson, UT 84651
         Contact Person: Greg Clements
         Phone: 801-925-1000
         Email: greg.clements@libertysafe.com

     (6) DDR Corp
         3300 Enterprise Parkway
         Beachwood, OH 44122
         Contact: Renee B. Weiss
         Phone: 216-755-5662
         Email: rweiss@ddr.com

The bankruptcy watchdog had earlier appointed Ellett Brothers,
Carhartt, Inc. and Smith & Wesson Corp., as members of the
Creditors' Committee, court filings show.

                      About Gander Mountain

Gander Mountain Company operates outdoor specialty stores dedicated
for shooting sports, hunting, fishing, camping, marine, apparel,
footwear, and outdoor lifestyle products.  Its subsidiary
Overton's, Inc. is a catalog and internet retailer of products for
the recreational boater and other water sports enthusiasts at
www.Overtons.com.

Gander Mountain and Overton's sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. Minn. Case Nos. 17-30673 and
17-30675) on March 10, 2017.  The petitions were signed by Timothy
Becker, Executive VP of Lighthouse Management Group, Inc., as CRO.


The cases are assigned to Judge Michael E. Ridgway.

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

The Debtors' advisors in the restructuring are Fredrikson & Byron,
PA, which serves as legal counsel; Houlihan Lokey Capital Inc.,
financial advisor and investment banker; Lighthouse Management
Group, chief restructuring officer; Hilco Real Estate LLC, real
estate advisor; and Faegre Baker Daniels LLP, special corporate
counsel.  Donlin, Recano & Company Inc. is the Debtors' claims,
noticing and balloting agent.


GATEWAY ENTERTAINMENT: March 21 Hearing for Trustee Appointment Set
-------------------------------------------------------------------
The Official Committee of Unsecured Creditors of Gateway
Entertainment Studios, L.P., asks the U.S. Bankruptcy Court for the
Western District of Pennsylvania to schedule a hearing on March 21,
2017, regarding the Renewed Emergency Motion for Appointment of a
Chapter 11 Trustee for the Debtor.

The Renewed Motion provides that it has been more than five months
since the filing of the Motions and almost one year since the
filing of the case, and the Committee's concerns remain the same:
that there has been no sale of the Property, that the Debtor
continues to fail to fulfill its procedural obligations such as
timely filing monthly operating reports and that the Debtor
continues to fail to remain transparent and adequately communicate
with all parties-in-interest regarding the sale process.

Therefore, the Committee requests the Court to schedule a hearing
on the within Renewed Motion for March 21, 2017.

The Committee is represented by:

     Kirk B. Burkley, Esq.
     BERNSTEIN-BURKLEY, P.C.
     707 Grant Street, 2200 Gulf Tower
     Pittsburgh, PA 15219
     Email: kburkley@bernsteinlaw.com
     Tel.: (412) 456-8108
     Fax: (412) 456-8135

             About Gateway Entertainment Studios

Gateway Entertainment Studios, L.P., filed a Chapter 11 petition
(Bankr. W.D. Pa. Case No. 16-21628) on April 29, 2016.  At the time
of filing, the Debtor listed total assets of $12.15 million and
total debts of $9.87 million. Judge Carlota M. Bohm is assigned to
the case.

When it filed for bankruptcy, Gateway Entertainment tapped Richard
R. Tarantine, Esq., at Tarantine & Associates, as its bankruptcy
counsel. Mr. Tarantine later moved to Jones Gregg Creehan & Gerace,
LLP. Gateway then hired the Law Offices of Robert O Lampl as
counsel. The Debtor hires Hill Barth & King LLC as accountant.

The U.S. trustee for Region 3 on June 2, 2016, appointed three
creditors of Gateway Entertainment Studios, LP, to serve on the
official committee of unsecured creditors. The committee is
represented by Kirk B. Burkley, Esq., at Bernstein-Burkley, P.C.,
in Pittsburgh, Pennsylvania.

                         *     *     *

Gateway Entertainment Studios LP has obtained approval of the
outline of its plan of reorganization.

A court hearing to consider confirmation of the plan is scheduled
for March 21, at 10:00 a.m.  The hearing will take place at the
U.S. Steel Tower, Courtroom B, 54th Floor, 600 Grant Street,
Pittsburgh, Pennsylvania.


GEO PROPERTIES: April 7 Disclosure Statement Hearing
----------------------------------------------------
The hearing to consider approval of the disclosure statement
explaining GEO Properties Corporation's Chapter 11 plan filed on
February 15, 2017, will be on April 7, 2017, at 10:00 a.m.

April 4 is fixed as the last day for filing written objections to
the Disclosure Statement.

April 7 is fixed as the last day for filing proofs of claim against
the Debtor.

                       About GEO Properties

GEO Properties Corporation, filed a Chapter 11 bankruptcy petition
(Bankr. W.D.N.Y. Case No. 16-11992) on October 11, 2016,
disclosing
under $1 million in both assets and liabilities.

The Debtor is represented by James M. Joyce, Esq.


GEOFFREY ALLEN ROSE: Bankruptcy Administrator to Form Committee
---------------------------------------------------------------
William Miller, U. S. bankruptcy administrator, on March 13 filed
with the U.S. Bankruptcy Court for the Middle District of North
Carolina a notice of opportunity to serve on the official committee
of unsecured creditors in the Chapter 11 cases of Geoffrey Allen
and Deanna Kristine Rose.

Unsecured creditors willing to serve on the committee are required
to file a response within 10 days from March 13.  

An organizational meeting will be scheduled after the committee is
appointed, according to the filing.

Mr. Miller can be reached through:

     Susan O. Gattis
     Bankruptcy Analyst
     101 S. Edgeworth Street
     Greensboro, NC 27402
     Fax: 336-291-9913
     Email: susan_gattis@ncmba.uscourts.gov

The Debtors are represented by:

     Samantha K. Brumbaugh, Esq.
     Ivey, McClellan, Gatton & Siegmund, LLP
     100 S. Elm Street, Suite 500
     P.O. Box 3324
     Greensboro, NC 27402
     Phone: 336-274-4658
     Fax: 336-274-4540
     Email: skb@iveymcclellan.com

                 About Geoffrey and Deanna Rose

Geoffrey Allen and Deanna Kristine Rose sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. M.D.N.C. Case No.
17-50258) on March 10, 2017.  The case is assigned to Judge
Catharine R. Aron.


GOING VENTURES: Seeks Authorization to Use Cash Collateral
----------------------------------------------------------
Going Ventures, LLC, d/b/a Going Aire, LLC, seeks authorization
from the U.S. Bankruptcy Court for the Southern District of Florida
to use certain cash collateral which is subject to several alleged
security interests.

The Debtor believes that On Deck Capital, Inc., 1ST Merchant
Funding, Max Advance, Secure Money Solutions, LLC, Merchant
Funding, IT Mantis Funding would allege a lien on some or all the
Debtor's assets, including its cash and other manifestations of
ready funds.

The Debtor tells that Court that it derives revenues from the sale
and installation and repair of air conditioning units.  As
indicated in the proposed Budget, the Debtor's business produces
sufficient cash flow to maintain itself with more than sufficient
funds to pay its routine bills and obligations.

The Debtor requires cash for the payment of operating expenses and
payment of its vendors.  The Debtor also requires the use of its
cash to pay taxes, and to meet all other expenses necessary to
preserve its assets and continue its operations.  The proposed
Budget for the period covering Jan. 1 to March 7, 2017, reflects
total expenses of approximately $119,751.

The Debtor claims that the use of cash collateral will preserve the
status quo and will provide the Debtor an opportunity to reorganize
which will be beneficial to all creditors.  The Debtor also claims
that its continued operation will adequately protect and preserve
all of its Lenders' interest in the secured collateral.

A full-text copy of the Debtor's Motion, dated March 7, 2017, is
available at https://is.gd/ugOei2

On Deck Capital can be reached at:

          1400 Broadway 25th Floor
          New York, NY 10018

1st Merchant Funding, LLC can be reached at:

          12000 Biscayne Blvd, Suite 609
          Miami, FL 33181

Mantis Funding, LLC can be reached at:

          64 Beaver Street, Suite 344
          New York, NY 10004

Merchant Funding Services, LLC can be reached at:

          1 Evertrust Plaza, 14th Floor
          Jersey City, NJ 0730

                 - or -

          30 Broad Street 14th Floor, Suite 141082
          New York, NY 10004

                       About Going Ventures, LLC

Going Ventures, LLC, d/b/a Going Aire, LLC, filed a Chapter 11
petition (Bankr. S.D. Fla. Case No. 17-12747) on March 7, 2017.
The petition was signed by Carl Bradley Copeland, manager. The case
is assigned to Judge Laurel M Isicoff.  The Debtor is represented
by David R. Softness, Esq. of David R. Softness, P.A.  At the time
of filing, the Debtor had total assets of $72,900 and total
liabilities of $1.01 million.  No trustee, examiner or statutory
committee has been appointed in the Debtor's Chapter 11 case.


GORDMANS STORES: U.S. Trustee Forms 7-Member Committee
------------------------------------------------------
The Office of the U.S. Trustee on March 15 appointed seven
creditors to serve on the official committee of unsecured creditors
in the Chapter 11 cases of Gordmans Stores, Inc., and its
affiliates.

The committee members are:

     (1) Werner Enterprises, Inc.
         Attention: Nathan Meisgeier
         14507 Frontier Road
         Omaha, NE 68138
         Phone: 402-895-6640 X3193
         Email: NMeisgeier@werner.com

     (2) Marketplace on First, LC
         Attention: Scott G. Byers
         3501 Ellwinn Lane, S.E.
         Cedar Rapids, IA 52403
         Phone: 319-360-7016
         Email: sgbyers@ccim.net

     (3) GGP Limited Partnership
         Attention: Julie Minnick
         110 North Wacker Drive
         Chicago, IL 60606
         Phone: 312-960-2707
         Email: Julie.minnick@ggp.com

     (4) Catalyst Westowne, LLC
         Attention: Scott C. Dew
         1901 Ave of the Stars, Suite 820
         Los Angeles, CA 90067
         Phone: 310-557-1311 x 103
         Email: sdew@rpdcatalyst.com

     (5) Kellermeyer Bergensons Services, LLC
         Attention: Van P. Andres
         1575 Henthorne Drive
         Maumee, Ohio 43537
         Phone: 419-861-5231
         Email: Vandres@kbs-services.com

     (6) DDR Corp.
         Attention: Renee B. Weiss
         3300 Enterprise Parkway
         Beachwood, Ohio 44122
         Phone: 216-755-5662
         Email: rweiss@ddr.com

     (7) Ezrasons Inc.
         Attention: Ezra Jack Cattan
         37 W. 37th Street, 10th Floor
         New York, NY 10018
         Phone: 212-768-8330
         Email: Ezrajack@ezrasons.com

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

                   About Gordmans Stores Inc.

Gordmans Stores, Inc. and five of its affiliates sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. D. Neb. Lead Case
No. 17-80304) on March 13, 2017.  The petitions were signed by
Andrew T. Hall, president, CEO and secretary.  The cases are
assigned to Judge Thomas L. Saladino.

At the time of the filing, the Debtors disclosed $274 million in
assets and $131 million in liabilities.

Kirkland & Ellis LLP represents the Debtors as bankruptcy counsel.
The Debtors hired Kutak Rock LLP as local counsel, Duff & Phelps as
financial advisor, and Epiq Bankruptcy Solutions LLC as claims and
noticing agent.

Gordmans Inc., an affiliate, is a retail company engaged in the
sale of apparel, home goods, and other merchandise.  Founded in
1915, Gordmans currently operates 103 stores in 62 markets and 22
states.


GULFMARK OFFSHORE: Hires Advisors to Address Liquidity Needs
------------------------------------------------------------
GulfMark Offshore, Inc., has retained Evercore Group L.L.C. and
Alvarez & Marsal North America, LLC, as financial advisors, and
Weil, Gotshal & Manges LLP, as legal advisors, to assist the
Company in analyzing and evaluating its financial condition and to
assist it in reviewing financial and strategic alternatives for
addressing the Company's liquidity needs, including obtaining
additional capital and/or a financial restructuring, as disclosed
in a Form 8-K filed with the Securities and Exchange Commission.

                       About Gulfmark
  
GulfMark Offshore, Inc., a Delaware corporation, was incorporated
in 1996.  The Company provides offshore marine support and
transportation services primarily to companies involved in the
offshore exploration and production of oil and natural gas.  The
Company's vessels transport materials, supplies and personnel to
offshore facilities, and also move and position drilling and
production facilities.  The majority of the Company's operations
are conducted in the North Sea, offshore Southeast Asia and
offshore the Americas.  The Company currently operates a fleet of
73 owned or managed offshore supply vessels, or OSVs, in the
following regions: 30 vessels in the North Sea, 13 vessels offshore
Southeast Asia, and 30 vessels offshore the Americas.  The
Company's fleet is one of the world's youngest, largest and most
geographically balanced, high specification OSV fleets.  The
Company's owned vessels have an average age of approximately nine
years.

Gulfmark reported a net loss of $215 million in 2015 following net
income of $62.4 million in 2014.  As of Sept. 30, 2016, GulfMark
had $1.10 billion in total assets, $583.9 million in total
liabilities and $518.3 million in total stockholders' equity.

                          *     *     *

In January 2017, the TCR reported that S&P Global Ratings raised
its corporate credit rating on U.S.-based offshore service provider
GulfMark Offshore Inc. to 'CCC-' from 'CC'.  The rating outlook is
negative.  "The upgrade follows GulfMark Offshore's announcement on
Dec. 30, 2016, that it has terminated its tender offer to purchase
up to $300 million of its 6.375% senior unsecured notes due 2022 at
below par," said S&P Global Ratings' credit analyst Kevin Kwok.

In February 2016, that Moody's Investors Service downgraded
GulfMark Offshore's Corporate Family Rating (CFR) to 'Caa3' from
'B3', Probability of Default Rating (PDR) to 'Caa3-PD' from
'B3-PD', and senior unsecured notes to 'Ca' from 'Caa1'.


GULFMARK OFFSHORE: Unit Gets $10M Additional Loans from Royal Bank
------------------------------------------------------------------
GulfMark Offshore, Inc. and GulfMark Americas, Inc., an indirect
wholly-owned subsidiary of the Company, entered into an agreement
relating to the senior secured, revolving multicurrency credit
facility among GulfMark America as borrower, the Company as
guarantor, a group of financial institutions as the lenders and The
Royal Bank of Scotland plc, as agent for the Lenders.

Pursuant to the Agreement, the Lenders agreed to extend additional
revolving loans in the aggregate principal amount of $10 million
subject to the conditions precedent set forth in the Agreement,
including payment by the Company and the Borrower of certain fees
and retainers of a financial advisor and counsel for the Agent, and
the Lenders agreed to waive any default or event of default (no
such default or event of default having been admitted by the
Borrower or the Company) arising by virtue of a borrowing request
submitted previously by the Borrower, which request was deemed to
be withdrawn pursuant to the Agreement.  The Lenders funded loans
in such amount on March 8, 2017.  In addition, the Lenders agreed
that between the date of the Agreement through March 14, 2017, no
Lender will, in its capacity as Lender, exercise any right of set
off, combination of accounts or similar remedy in relation to the
cash of the obligors under the Multicurrency Facility Agreement in
respect of any amounts that are outstanding or may become
outstanding under the Multicurrency Facility Agreement.

The Agreement prohibits the Borrower from requesting any additional
loans under the Multicurrency Facility Agreement without the prior
written consent of the Agent (acting upon the instruction of all
the Lenders following unanimous consent).  In addition, the
Agreement obligates the Company and the Borrower to provide the
Agent certain information including a revised budget, a revised
forecast and weekly financial information, in each case by
specified deadlines, and to keep the Agent and the Lenders informed
of negotiations and discussions with holders of the Company's
indebtedness.

                       About Gulfmark
  
GulfMark Offshore, Inc., a Delaware corporation, was incorporated
in 1996.  The Company provides offshore marine support and
transportation services primarily to companies involved in the
offshore exploration and production of oil and natural gas.  The
Company's vessels transport materials, supplies and personnel to
offshore facilities, and also move and position drilling and
production facilities.  The majority of the Company's operations
are conducted in the North Sea, offshore Southeast Asia and
offshore the Americas.  The Company currently operates a fleet of
73 owned or managed offshore supply vessels, or OSVs, in the
following regions: 30 vessels in the North Sea, 13 vessels offshore
Southeast Asia, and 30 vessels offshore the Americas.  The
Company's fleet is one of the world's youngest, largest and most
geographically balanced, high specification OSV fleets.  The
Company's owned vessels have an average age of approximately nine
years.

Gulfmark reported a net loss of $215 million in 2015 following net
income of $62.4 million in 2014.  As of Sept. 30, 2016, GulfMark
had $1.10 billion in total assets, $583.9 million in total
liabilities and $518.3 million in total stockholders' equity.

                          *     *     *

In January 2017, the TCR reported that S&P Global Ratings raised
its corporate credit rating on U.S.-based offshore service provider
GulfMark Offshore Inc. to 'CCC-' from 'CC'.  The rating outlook is
negative.  "The upgrade follows GulfMark Offshore's announcement on
Dec. 30, 2016, that it has terminated its tender offer to purchase
up to $300 million of its 6.375% senior unsecured notes due 2022 at
below par," said S&P Global Ratings' credit analyst Kevin Kwok.

In February 2016, that Moody's Investors Service downgraded
GulfMark Offshore's Corporate Family Rating (CFR) to 'Caa3' from
'B3', Probability of Default Rating (PDR) to 'Caa3-PD' from
'B3-PD', and senior unsecured notes to 'Ca' from 'Caa1'.


HARGRAY HOLDINGS: S&P Affirms 'B+' CCR; Outlook Stable
------------------------------------------------------
S&P Global Ratings affirmed its 'B+' corporate credit rating on
Hilton Head, S.C.-based Hargray Holdings LLC.  The outlook is
stable.

At the same time, S&P assigned its 'B+' issue-level rating and '3'
recovery rating to the company's proposed $450 million seven-year
senior secured term loan.  The '3' recovery rating indicates S&P's
expectation for meaningful (50%-70%; rounded estimate: 55%)
recovery of principal and interest for secured lenders in the event
of payment default.

Hargray Communications Group Inc. (a wholly owned subsidiary of
Hargray Holdings LLC) is being acquired by the business interests
of Thomas J. Pritzker's family (PFBI) and other investors for an
undisclosed amount.  As part of the transaction, Hargray is seeking
to refinance its existing debt with senior credit facilities
comprised of a $30 million revolving credit facility (undrawn) and
$450 million senior secured term loan.

Hargray will use the $450 million of term loan proceeds, along with
equity invested from the Pritzer organization-led investor group to
fund the purchase price of the acquisition and related transaction
fees.

S&P will withdraw its ratings on Hargray's existing senior secured
debt after the transaction closes.

"As a result of Hargray's acquisition by PFBI and concurrent
recapitalization, we expect a modest increase in adjusted debt
leverage.  Pro forma for the transaction, we forecast leverage of
about 5.7x by year-end 2017, which remains consistent with our
expectations for the current rating," said credit analyst Ryan
Gilmore.  "The affirmation reflects our view that Hargray's
adjusted leverage will remain in the 5x to 6x range while free
operating cash flow (FOCF) to debt will remain below 5% over the
next 12 months."

S&P bases the stable outlook on Hargray on S&P's expectation that
growth in residential and commercial data revenues will largely
offset lower growth in video and declining access line trends.  S&P
expects these factors to lead to low-single-digit percent revenue
growth over the next 12 months and an EBITDA margin in the 40%
area, such that pro forma adjusted leverage will remain in the
5x-6x range over the next 12 months.

S&P could lower the rating if weaker economic conditions and
reduced tourism activity or increased competition results in price
compression and higher churn, leading to lower EBITDA and sustained
FOCF deficits.  S&P could also consider lowering the rating if
Hargray adopted a more aggressive financial policy, incurring debt
to fund acquisitions or dividends, such that adjusted debt leverage
increased to above 6.5x.

S&P could raise the rating in the longer-term if the company
follows through on its commitment to apply excess FOCF to debt
repayment, such that adjusted debt leverage was sustained below 5x.
However, even under that scenario, an upgrade is contingent on
Hargray's owners maintaining a financial policy that allows for
leverage to be sustained comfortably below 5x.


HIDALGO INDUSTRIAL: Can Use Cash Collateral Until March 31
----------------------------------------------------------
Judge Mark X. Mullin of the U.S. Bankruptcy Court for the Northern
District of Texas authorized Hidalgo Industrial Services, Inc., to
use IRS and Frost Bank cash collateral on an interim basis to fund
its day-to-day operations.

An expedited, interim hearing on the Motion was held on March 2,
2017.

The Interim Order grants the Debtor access to cash collateral from
the Petition Date through the earlier to occur of (i) March 31,
2017, and (ii) the date on which a final hearing on the Motion is
conducted.

The Debtor is authorized to use Cash Collateral to pay expenses in
accordance with the 5-week Budget.

The Budget contemplates these net receipts and disbursements:

    Week of         Net Receipts         Disbursements
    -------         ------------         -------------
    2/26/17             $114,478            $114,260
    3/05/17             $175,739            $132,970
    3/12/17              $49,108             $64,200
    3/19/17              $27,000             $60,850
    3/26/17             $182,179             $68,450

The Debtor will have a 10% variance for items reflected in the
Budget; provided, however, that the total cumulative variance for
all items in the Budget will not exceed 5%.

As adequate protection for any diminution in the value of the IRS's
and/or the Prepetition Lender's interest in the IRS's and/or the
Prepetition Lender's Collateral, as the case may be, if any, caused
by the use of Cash Collateral by the Debtor, the IRS and the
Prepetition Lender will have and are granted valid, perfected and
enforceable new liens and security interests upon any property of
the Debtor, whether now existing or hereafter acquired or arising,
upon which the IRS and the Prepetition Lender held prepetition
liens and security interests and all proceeds, rents, products or
profits thereof, and specifically including any property acquired
by the Debtor after the Petition Date which is of the same nature,
kind and character as IRS's and/or the Prepetition Lender's
Collateral, and all proceeds and products thereof.

Nothing in the Order will limit the IRS's or the Prepetition
Lender's rights to assert postpetition liens under Section 552 of
the Bankruptcy Code.  The IRS and the Prepetition Lender will not
be afforded a lien in any Chapter 5 causes of action pursuant to
the Order.  Notwithstanding any other provision of the Order, the
Debtor will be authorized to use Cash Collateral to pay all
quarterly fees payable to the United States Trustee pursuant to 28
U.S.C. Section 1930(a)(6).

A copy of the Budget attached to the Order is available for free
at:

  
http://bankrupt.com/misc/txnb17-40735_24_Cash_Hidalgo_Industrial.pdf

              About Hidalgo Industrial Services

Hidalgo Industrial Services, Inc., is a Texas corporation
originally incorporated in 1992. The Debtor offers a full line of
construction services such as general construction,
mechanical/HVAC, plumbing, process & utility piping, industrial
ventilation, excavation, concrete: foundations and site paving,
interior finish, structural steel erection.

Hidalgo Industrial Services, Inc., filed a Chapter 11 petition
(Bankr. N.D. Tex. Case No. 17-40735) on Feb. 26, 2017.  The Debtor
is represented by Jeff P. Prostok, Esq., and Clarke V. Rogers,
Esq., at Forshey & Prostok LLP.

No creditors' committee has been appointed in the Debtor's case by
the U.S. Trustee. Further, no trustee or examiner has been
requested or appointed in the Debtor's case.



IHEARTMEDIA INC: S&P Lowers CCR to 'CC' on Debt Exchange Offer
--------------------------------------------------------------
S&P Global Ratings said that it lowered its corporate credit rating
on Texas-based media company iHeartMedia Inc. and its subsidiary
iHeartCommunications Inc. to 'CC' from 'CCC'.  The rating outlook
is negative.

At the same time, S&P lowered its issue-level ratings on
iHeartCommunications' priority guarantee notes (PGNs) and term
loans to 'CC' from 'CCC' and on its senior notes due 2021 to 'C'
from 'CC'.  All S&P's other debt ratings, including the recovery
ratings, remain unchanged.

The downgrade follows iHeartCommunications' announcement that it
has offered to exchange five series of priority-guarantee notes,
its senior notes due 2021, and its term loan D and E for
longer-dated debt; and, in certain scenarios, stock and warrants,
or contingent value rights.  "Under all but one scenario, there
would be a reduction in the principal amount of debt outstanding
and an extension of the debt maturity by two years for exchanged
debt," said S&P Global Ratings' credit analyst Jeanne Shoesmith.
"The company's debt is trading at significant discounts to par of
20%-60%, and we believe its capital structure is unsustainable."

iHeartMedia faces significant debt maturities over the next few
years:  An asset-based revolver due December 2017, which had a
balance of $330 million as of Dec. 31, 2016; $287 million debt due
2018 (excluding the $261.5 million 10% senior notes held by a
subsidiary); and $8.3 billion debt due 2019.  The company's total
debt load is more than $20 billion, and its leverage is extremely
high at 9x.  S&P believes this capital structure is unsustainable.

The rating outlook is negative.  "We intend to lower the corporate
credit rating to 'SD' and the affected issue-level ratings to 'D'
once the debt exchange is completed," said Ms. Shoesmith.
"Subsequently, we would assign a corporate credit rating and
outlook that reflect the new capital structure."



INFORMATICA LLC: S&P Lowers CCR to 'B-' on Slow Leverage Reduction
------------------------------------------------------------------
S&P Global Ratings said it lowered its corporate credit rating on
Redwood City, Calif.-based Informatica LLC to 'B-' from 'B'.  The
outlook is stable.

Informatica LLC's fourth-quarter results were not as strong as S&P
had expected, nor is the rate at which it has been reducing
leverage, and so S&P downwardly revised its 2017 forecast.

At the same time, S&P lowered its issue-level ratings on the
company's secured debt instruments to 'B' from 'B+'.  The recovery
rating remains '2' and reflects S&P's expectation for substantial
recovery (70%-90%; rounded estimate: 75%) in the event of payment
default.

S&P also lowered its issue-level rating on the company's unsecured
notes to 'CCC+' from 'B-'.  The recovery rating remains '5' and
reflects S&P's expectation for modest recovery (10%-30%; rounded
estimate 15%) in the event of payment default.

"The downgrade stemmed from our revised expectation for
Informatica's leverage," said S&P Global Ratings credit analyst
Christian Frank.

Whereas S&P had expected the company's leverage to be in the mid-7x
area for 2017, it now expects it to remain above 8x.  S&P revised
its estimate following Informatica's fourth-quarter earnings
announcement, when it reported meaningfully lower-than-expected
perpetual license sales as customers shifted their purchases to
subscription pricing.  S&P believes this trend will continue in
2017, resulting in slower revenue and EBITDA growth.

The rating also reflects the company's narrow focus on the data
integration market and the competitive operating environment. These
factors are partially offset by Informatica's leading market
positions and the increasing portion of revenue from recurring
sources (currently more than 60% of total revenue).  The downgrade
of the issue-level ratings reflects the application of S&P's
notching criteria, driven by the combination of its recovery
ratings (which are unchanged) and the corporate credit rating
(which is now one notch lower).

The stable outlook reflects S&P's view that the current capital
structure is sustainable due to its expectation for meaningfully
positive FOCF and a good liquidity cushion, and therefore S&P
believes the risk of a downgrade to 'CCC+' is low.


JACKSON MASONRY: April 18 Plan Confirmation Hearing
---------------------------------------------------
Judge Charles M. Walker of the U.S. Bankruptcy Court for the Middle
District of Tennessee conditionally approved the disclosure
statement explaining Jackson Masonry, LLC's plan of reorganization
and will convene on April 18, 2017, at 9:00 a.m., a combined
hearing to consider final approval of the disclosure statement and
confirmation of the Plan.

The last date for filing written objections to final approval of
the Disclosure Statement and written objections to confirmation of
the Plan is April 4.  The last date for submitting written
acceptances or rejections of the Plan is April 7.

The Troubled Company Reporter previously reported that under the
Plan, the aggregated amount of Class 8 - Allowed General Unsecured
Claims, which consists of the allowed, General Unsecured Claims
other than the Unsecured Claim in Favor of Ritzen, is $30,603.66.
On the first day of the first month following the Effective Date,
the Debtor will make 36 regular installment payments of $850.10 to
satisfy the Class 8 Claims in full.  The Debtor will be expressly
permitted to pay any Class 8 Claim in full prior to maturity
without penalty.

Cash generated from the Debtor's continued operations will be the
source of funding the plan payments.

The Disclosure Statement is available at:

          http://bankrupt.com/misc/tnmb16-02065-389.pdf

                     About Jackson Masonry

Jackson Masonry, LLC, was formed on Jan. 26, 1998.  It is owned
entirely by Rogers Jackson.  In 1997, Mr. Jackson left Knight
Masonry and decided to form Jackson Masonry along with his wife.
The business started out of their basement, with 0 projects in the
queue and Mr. Jackson as the only employee.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M.D. Tenn. Case No. 16-02065) on March 24, 2016.  The
petition was signed by Rogers Jackson, member.

The Debtor is represented by Griffin S. Dunham, Esq., at Dunham
Hildebrand, PLLC.  The case is assigned to Judge Keith M. Lundin.

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


JEEA LLC: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of JEEA LLC as of March 15,
according to a court docket.

                        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 assets of less than
$50,000 and liabilities of $1 million to $10 million.


JPS COMPLETION: Cooper Buying Midland Property for $100K
--------------------------------------------------------
JPS Completion Fluids, Inc., asks the U.S. Bankruptcy Court for the
Western District of Texas to authorize the sale of real property
located at 1904 Cotton Flat Rd., Midland, Texas, to Cooper
Construction Co., Inc. for $100,000, subject to overbid.

If no timely response is filed within 21 days from the date of
service, the relief requested may be granted without a hearing
being held.

The Debtor asks the Court's approval to enter into the Commercial
Contract-Unimproved Property with the Buyer for sale of the
property.

The salient terms of the Contract are:

          a. Seller: JPS Completion Fluids, Inc.

          b. Buyer: Cooper Construction Co., Inc.

          c. Property: 1904 Cotton Flat Rd., Midland, Texas

          d. Purchase Price: $100,000, payable in cash at closing

          e. Terms: The Property will be sold free and clear of all
liens, claims, encumbrances and interests.

          f. The Contract is binding.

          g. The closing date of the sale will be on or before the
later of 45 days after the expiration of the feasibility period,
which is 14 days after the effective date of the Contract.

          h. The Buyer will not assume or be deemed to assume any
liabilities of the Debtor.

          i. The purchase is subject to higher and better bids
submitted at or prior to the hearing on approval of the Motion.

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

              
http://bankrupt.com/misc/JPS_Completion_179_Sales.pdf

The Buyer is not affiliated in any way with the Debtor or any of
the Debtor's insiders.  The sale is an arm's-length transaction and
was negotiated in good faith by both the Debtor and by the Buyer.
The Debtor has no need for the Property and is unaware of any
competing offers.

If approved, the sale will generate cash in exchange for an asset
that the Debtor is unable to utilize.  The Debtor respectfully
submits that the consideration detailed is both fair and
reasonable.  The consideration is not only fair and reasonable but
also supports the Debtors' business justification for the sale.
Accordingly, the Debtor asks the Court to grant the relief
requested, and such other and further relief as is just and
proper.

The Debtor asks that the Order be effective immediately by
providing that the 14-day stay is inapplicable and waived, so that
they may proceed as expeditiously as possible with the sale.

The Purchaser can be reached at:

          John W. Cooper, IV
          President
          COOPER CONSTRUCTION CO., INC.
          P.O. Box 52737
          Midland, TX 79710
          Telephone: (432) 620-0500
          Facsimile: (432) 685-7073
          E-mail: john4@cooper-construction.com

                  About JPS Completion Fluids

JPS Completion Fluids, Inc., a domestic corporation with principal
place of business in Mathis, San Patricio County, Texas, provided
chemicals and other completion fluids for the oil and gas
industry.

JPS sought Chapter 11 protection (Bankr. W.D. Tex. Case No.
16-51110) on May 11, 2016.  The petition was signed by Sergio
Garza,
vice president.  Judge Craig A. Gargotta is assigned to the case.
The Debtor estimated assets and liabilities of $1 million to $10
million.

Nathaniel Peter Holzer, Esq., at the Jordan Hyden Womble Culbreth
&
Holzer PC, serves as the Debtor's counsel.

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


JRJR NETWORKS: Ohio County to Foreclose on Basket Building
----------------------------------------------------------
Polly Mosendz, writing for Bloomberg News, reported that Licking
County, Ohio, is foreclosing on the multi-million-dollar,
seven-story, basket-shaped building that formerly served as as
headquarters of the Longaberger Company in Newark.  

Foreclosure is imminent, local officials said, according to the
report.

The Longaberger Company was a direct sales business best known for
its picnic baskets. Completed in 1997, the 180,000-square-foot
basket cost $32 million to build, a pittance for a company that
once boasted sales of $1 billion. But Longaberger's popularity, and
sales, have diminished, and in 2015, it was acquired by JRJR
Networks, a Dallas-based holding company.

According to Bloomberg News, foreclosure reports have circulated
about the infamous building for several years, as the county has
not received a property tax payment since November 2014. The most
recent tax payment was due at the end of February, local treasurer
Olivia Parkinson said. Including fees, the total amount owed is a
bit more than $700,000, considerably less than its estimated worth.


In a September 2016 report, Bloomberg's Mosendz said the property
was listed early in 2015 at $7.5 million asking price; that month,
it was on the market for $5 million.

The report said the building is currently on the market for $5
million, or about $28 a square foot.

"The property has been referred to the Licking County Prosecutor's
office, and title work has been obtained," Parkinson said when
contacted by email, according to Bloomberg News.  "I believe the
complaint for foreclosure will be filed with the Common Pleas court
in the very near future."

Bloomberg also reported that Carolyn Carnes, the county's
prosecutor, said her office is still waiting for the title update
necessary to draft the complaint. She estimated it would be filed
within "the next few weeks." The complaint is the first of several
steps toward a foreclosure auction, though the process can take
more than six months.

Bloomberg said JRJR Networks declined to comment on the
foreclosure.  The report noted that JRJR is currently in a lawsuit
with the former owner of the Longaberger Company, Tamala L.
Longaberger, and her revocable trust.  JRJR alleged in the case,
filed last year in Dallas district court, that Longaberger
Company's tax liability was not disclosed during the sales process.
Only after the purchase, the holding company said, did it learn of
tax-related agreements Longaberger executed with the City of
Newark, where the basket building stands. The case, which is
pending, demands damages, a jury trial, and attorneys fees.


KANE CLINICS: Court Grants Limited Use of Cash Collateral
---------------------------------------------------------
Judge Lisa Ritchey Craig of the U.S. Bankruptcy Court for the
Northern District of Georgia granted The Kane Clinics, LLC, the
limited use of SunTrust Bank cash collateral.

The Debtor is authorized and agrees to continue to manage and
operate the business, and to use cash collateral to pay all
reasonable and necessary expenses of the business in the amounts
set forth in the budget, not to exceed a variance of 10% for all
expenses as to disbursements for any single line item and to pay
the actual amount of the United States Trustee's fees.

All cash collateral that Debtor received since the Petition Date,
including all products and proceeds of the collateral, will be
deposited in a bank account maintained at Wells Fargo Bank, with an
account number ending in 3397, and the approved prepetition bank
account at SunTrust, with an account number ending in 6488 ("Cash
Collateral Account"). The cash collateral received subsequent to
the entry of the Order will be deposited in the Cash Collateral
Account.  No funds will be withdrawn from the Cash Collateral
Account except as expressly provided.

Except as set forth in the budget as officer compensation or an
expense reimbursement for a budgeted item, under no circumstance
will the Debtor pay any money to, or for the benefit of, any
attorney, accountant, affiliate, insider, equity holder, or
beneficial owner of the Debtor or any relative of any principal of
Debtor without prior written consent of SunTrust or upon motion and
order of the Court; provided, however, that SunTrust agrees to only
allow the Debtor to pay its officers a maximum amount of $100 per
month from its cash collateral for any mileage reimbursement
provided the Order is entered without prejudice to the Debtor's
rights to seek additional mileage reimbursement not consented to by
SunTrust in the Order.

As a condition of the Debtor's use of cash collateral, and to the
extent of the validity and priority of the lien granted to
SunTrust, the Debtor is authorized to grant and by the Order will
be deemed to have granted to SunTrust a continuing, additional
first-priority replacement lien and security interest in and to all
of the now existing or hereafter arising or after-acquired assets
of the Debtor relating to the collateral or the cash collateral and
in the Cash Collateral Account to secure the Debtor's obligations
under the Loan Documents in accordance with Section 361 of the
Bankruptcy Code.  No financing statement or other filing or control
agreement by SunTrust is required to perfect or continue the
security interest granted; however, should SunTrust desire to make
any such filing or execute such agreement, the Debtor will take
such actions and execute such documents as may be reasonably
required.

SunTrust will be entitled to the priority provided by 11 U.S.C.
Section 507(b) in the amount, if any, by which the protections
afforded for the Debtor's use or disposition of the collateral or
cash collateral prove to be inadequate.

Beginning on March 1, 2017, and continuing on the 20th day of each
month thereafter, the Debtor will furnish to counsel for SunTrust
these:

    a. The monthly operating reports that the Debtor is required to
file with the Court and the U.S. Trustee's Office along with a
summary of the Debtor's revenues and expenses.  All such reports
may be submitted electronically.

    b. The monthly bank statements for any account used by the
Debtor in its business operations and/or used for its benefit;

    c. A monthly summary of revenues and expenses regarding the
operation of the business comparing actual results to the Budget,
along with check registers and copies of checks; and

    d. A monthly profit and loss statement and balance sheet for
the business, and any other documents reasonably requested by
SunTrust evidencing the monthly operations of the business.

Each of these will be a material violation of the Order:

    a. Failure of Debtor to abide by the terms, covenants, and
conditions of the Order including the budget;

    b. The Debtor's actual monthly expenses exceed the Debtor's
actual monthly income for that month and such loss exceeds the net
income generated in the previous month;

    c. Failure of the Debtor to timely pay fees of the U.S.
Trustee;

    d. Appointment of a Chapter 11 trustee; or

    e. Conversion of the case to Chapter 7.

In the event that the Debtor is in default, commits a material
violation, or otherwise fails to comply with the terms of the
Order, then the Debtor's ability to use cash collateral will
terminate immediately without the need for further hearing or order
of the Court.

After providing 7 business days written notice to the Debtor's
counsel, SunTrust will have the right to inspect the Debtor's books
and records,  including, without limitation, checks, drafts, and
wire transfers reflecting receipt and disposition of cash
collateral, at the Debtor's offices or wherever the Debtor's
records are maintained.  SunTrust or its agents will also have the
right to inspect the collateral, the Debtor's business operations,
and conduct any appraisals thereof.

SunTrust's consent to the Order will not constitute a waiver of any
of SunTrust's rights whatsoever.

Any post-petition payments made by the Debtor to SunTrust will be
applied to the Indebtedness in accordance with the Loan Documents,
subject to reapplication or redirection of such funds in a manner
directed by the Court in accordance with the Bankruptcy Code.  The
automatic stay of 11 U.S.C. Section 362 is lifted to allow SunTrust
to effectuate these terms.

The Debtor's ability to use cash collateral under the Order will
terminate upon confirmation of the Debtor's chapter 11 plan of
reorganization, and the effective date thereunder.

A copy of the Budget attached to the Order is available for free
at:

  http://bankrupt.com/misc/ganb16-72304_125_Cash_Kane_Clinics.pdf

                    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.

Kane Clinics 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.


LIBERTY INDUSTRIES: Hearing on Cash Collateral Use Set for April 19
-------------------------------------------------------------------
The Hon. Erik P. Kimball of the U.S. Bankruptcy Court for the
Southern District of Florida has entered an agreed order resetting
to April 19, 2017, at 2:00 p.m. the hearing to consider Liberty
Industries, L.C. and Liberty Properties At Newburgh, L.C.'s motion
for approval of continued use of cash collateral of Regions Bank
until August 2017.

The hearing was initially set for March 29, 2017.  It was then
scheduled to be continued to April 5, 2017, at 2:00 p.m.

The Debtors filed on Feb. 24, 2017, filed a motion for court order
approving the continued use of cash collateral.

As of the filing date, the Debtors are indebted to Regions Bank in
the principal amount of $2,766,918.61 plus accrued and unpaid
interest, costs and fees due pursuant to applicable law.  The
collateral that secures this loan is valued at over $3,700,000 and
consists of cash, accounts receivable, inventory and machinery and
equipment and three parcels of real property located in Newburgh,
Warrick County, Indiana.

The cash generated by the Debtors constitute cash collateral.  The
Debtors require the use of the cash collateral for the continued
operation of its business in the ordinary course, including payment
of payroll and expenses attendant thereto; and, the Debtors are
willing to provide the Regions Bank with adequate protection of its
secured interest in the cash collateral.  Without the use of the
cash collateral, the Debtors will be forced to discontinue their
business operations, including the loss of jobs for 14 employees.
The loan documents are available from undersigned counsel upon
request.

To adequately protect Regions Bank in connection with the Debtors'
continued use of the cash collateral, the Debtors would continue to
pay as adequate protection of Region Bank's lien a monthly payment
of $20,000 and grant Regions Bank a first priority post-petition
lien on all cash of the Debtors generated post-petition.
Notwithstanding the foregoing, all liens and claims of Regions Bank
will be subject to (a) the payment of any unpaid fees payable
pursuant to 28 U.S.C. Section 1930 (including, without limitation,
fees under 28 U.S.C. Section 1930(a)(6)0, and (b) the fee.es due to
the Clerk of the Court.  Further, any payment to professionals must
be sought by filing an application for compensation pursuant to the
U.S. Bankruptcy Code.  Regions Bank has the right to object to the
application.
The Debtors grant in favor of Regions Bank, as security for all
indebtedness that is owed by the Debtors to the secured creditor,
under their respective secured documentation, but only to the
extent that Region Bank's cash collateral is used by the Debtors'
assets, nunc pro tunc to the filing of the Debtors' Chapter 11
cases, to wit: Sept. 7, 2016, to the same extent that Regions Bank
held a properly perfected prepetition security interest in the
assets, which are or have been acquired, generated or received by
the Debtors subsequent to the Petition Date.

A copy of the Motion and the budget is available at:

          http://bankrupt.com/misc/flsb16-22332-65.pdf

                    About Liberty Industries

Liberty Industries, L.C., dba Tower Innovations, and Liberty
Properties at Newburgh, L.C., filed Chapter 11 petitions (Bankr.
S.D. Fla. Case Nos. 16-22332 and 16-22333) on Sept. 7, 2016.  The
Debtors engage in the design, manufacturing, installation and sale
of these Tower Systems, ranging from 100 feet Self-Support Cellular
Towers up to 2,000 feet Guyed Tower Systems for the Television and
Radio Broadcasting marketplace.  They own commercial manufacturing
facility and office complex located in Newburgh, Indiana, including
22.6 acres of real property: 6,000 square foot office building, a
28,000 square foot manufacturing facility and a 3,800 square foot
warehouse and support facility.  The Property is leased to Liberty
Industries by Liberty Properties.   

The petitions were signed by Barbara Wortley, managing member.

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

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


LIMITLESS MOBILE: Seeks Plan Exclusivity Extended Thru Aug. 1
-------------------------------------------------------------
Limitless Mobile, LLC, asks the U.S. Bankruptcy Court for the
District of Delaware to extend its exclusive plan filing period
through August 1, 2017, and its exclusive solicitation period
through September 28, 2017.

The Debtor asserts that its extension request is warranted in light
of (1) the necessity for it to have sufficient time to negotiate
with creditors and prepare adequate information, (2) it having made
good faith progress towards reorganization, (3) it have made
payments on its undisputed postpetition obligations as they become
due, (4) it having a reasonable prospect for filing a viable plan,
and  (5) the tenure of its case being just over three months.

As part of its process, the Debtor relates that it has identified
those Federal Communications Commission (FCC) Licenses that are
necessary for its more limited retail services and its growing
wholesale business, and is proposing to sell the remaining licenses
that are no longer necessary for its operations (the "Spectrum
Assets").

The Debtor filed on March 3, 2017, a motion to sell certain
wireless licenses as well as for approval of sale and auction
procedures.  The Sale Motion proposes a competitive bidding process
for the Spectrum Assets, with an auction to occur, if necessary, on
April 11, and a sale approval hearing on April 25.

                     About Limitless Mobile

Limitless Mobile, LLC, successor to Keystone Wireless, LLC, is a
Delaware corporation formed in 2013 with a mission to construct a
broadband network and provide wireless telecommunications services
to 9 rural and underserved counties of central Pennsylvania.  The
company has built a $40,000,000 state-of-the-art 3G/4G LTE network
that has increased access to reliable, high quality mobile phone
and home internet services in rural areas.

As part of its restructuring strategy, the company has determined
it is necessary to downsize its retail operations.  To that end,
it has decided to close 5 out of its 6 retail locations, and focus
its marketing efforts on the wholesale of wireless
telecommunications services to nationwide service providers who do
not have established infrastructure in central Pennsylvania.  As
part of the strategy, its suspended wireless service provided to
retail customers on Jan. 7, 2016.

Limitless Mobile, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. D. Del. Case No. 16-12685) on Dec. 2, 2016.  In its
petition, the Debtor estimated $10 million to $50,000 million in
assets and $50 million to $100 million in liabilities.  The
petition was signed by Amir Rajwany, chief operating officer.

Dilworth Paxson, LLP, serves as counsel to the Debtor and Wilkinson
Barker Knauer, LLP serves as special counsel.  Rust Consulting/Omni
Bankruptcy acts as the Debtor's claims and noticing agent.  MVP
Capital, LLC, a division of Financial Telesis, Inc., serves as
investment banker to the Debtor.

On December 16, 2016, an Official Committee of Unsecured Creditors
was appointed in the case.  Saul Ewing LLP represents the
Committee.  Gavin/Solmonese LLC serves as the panel's financial
advisor.


LODGE PARTNERS: Hearing on Plan & Disclosures Set for April 12
--------------------------------------------------------------
The Hon. Brenda Moody Whinery of the U.S. Bankruptcy Court for the
District of Arizona will hold on April 12, 2017, at 11:00 a.m., a
combined hearing on the approval of Lodge Partners, LLC's first
amended disclosure statement and confirmation of the first amended
plan of reorganization.

Objections to the Disclosure Statement and Plan must be filed by
April 7, 2017, which is also the deadline for filing written
acceptances and rejections of the Plan.

Creditors whose claims are not listed or whose claims are listed as
disputed, contingent, or unliquidated as to amount and who desire
to participate in the case or share in any distribution must file a
proof of claim no later than April 12, 2017.

The Debtor will file a written report on April 10, 2017, as
required by Local Bankruptcy Rule 3018-1(c).

As reported by the Troubled Company Reporter on Feb. 17, 2017, the
Debtor's first amended plan proposes to give general unsecured
claimants a pro-rata distribution of $50,000.  Monetary funding of
the Plan will come from exit financing and the post-petition
operation of the Debtor.  Allowed claims of the Debtor will be paid
from these sources; the Plan pays all creditors from these sources
of funds. The reorganized Debtor will continue to operate its hotel
and restaurant.  The Debtor's business operations post-petition
will be funded by Lodge in Tucson, LLC.  Additional funding
necessary to make Effective Date payments will also be funded by
Lodge in Tucson estimated currently to be more than $540,000 as new
value to the Reorganized Debtor.

                      About Lodge Partners

Lodge Partners, LLC, dba Lodge on The Desert, is a 103-room
boutique hotel and restaurant with a banquet facility that sits on
five acres on which the business operates in central Tucson,
Arizona.  It was initially built as a residence in 1931 and was
converted to a 7-room resort hotel in 1936.  The Lodge expanded
throughout the years; and by 1973, there were 34 guest rooms.Â

The Debtor filed a Chapter 11 petition (Bankr. D. Ariz. Case No.
16-13418) on Nov. 23, 2016.  The petition was signed by John E.
Rutherford, II, manager.  The case is assigned to Judge Brenda
Moody Whinery.  The Debtor is represented by Michael W. McGrath,
Esq., and Isaac D. Rothschild, Esq., of Mesch Clark & Rothschild,
PC.  At the time of filing, the Debtor had estimated $10 million
to $50 million in both assets and liabilities.

The Debtor previously filed for Chapter 11 bankruptcy (Bankr. D.
Ariz. Case No. 13-07952) on May 12, 2013.  The Court entered an
order confirming the Debtor's 2013 Reorganization Plan on June 11,
2014, over the objection of secured lender, Wells Fargo.  The Court
entered an order granting final decree and closing the case on Nov.
29, 2015.


LOUISIANA CRANE: Hearing on Disclosure Statement Set for May 2
---------------------------------------------------------------
The Hon. Robert Summerhays of the U.S. Bankruptcy Court for the
Western District of Louisiana has set for May 2, 2017, at 10:00
a.m. the hearing to consider the approval of Louisiana Crane &
Construction, LLC's disclosure statement referring to the Debtor's
plan of reorganization.

Objections to the Disclosure Statement must be filed at least seven
business days before the Hearing.

               Unsecureds to Recover 20% Under Plan

The Debtor's Plan dated March 8, 2017, provides that Class 17
General Unsecured Claims is impaired.  Each Allowed Class 17
creditor will receive creditor's pro rata share of $1.50 million
plus interest at the rate of 6% per annum.  The Allowed Class 17
creditors will receive their pro rata share of the Fund based upon:
(a) an amortization of five years; (b) a final payment of all
unpaid principal and interest on the fifth anniversary of the
Effective Date of the Plan; and (c) quarterly payments with the
first payment 90 days after the Effective Date.  In addition, the
Allowed Class 17 creditors will share pro rata in the Class 17
Excess Payment on an annual basis.

Class 17 creditors may elect to accept on the Effective Date a cash
payment equal to 2% of the creditor's allowed claim which amount
will be paid on the later of: (i) the Effective Date; or (ii) when
the claim is allowed.  Estimated percentage recovery under this
class is 20%, if any exist and are allowed.

The cash required to be distributed under the Plan to the holders
of allowed administrative claims and allowed claims on the
Effective Date (or on the later date when the claims become allowed
claims) will be provided by (i) the cash held by the Debtor on the
Effective Date; and (ii) the Reorganized Debtor's operations.

The Disclosure Statement is available at:

         http://bankrupt.com/misc/lawb16-50876-488.pdf

                      About Louisiana Crane

Headquartered in Eunice, Louisiana, Louisiana Crane & Construction,
LLC, fka Louisiana Crane Company, LLC, filed for Chapter 11
bankruptcy protection (Bankr. W.D. La. Case No. 16-50876) on June
27, 2016, estimating its assets at up to $50,000 and its
liabilities at between $10 million and $50 million.  The petition
was signed by Douglas D. Marcantel, chief financial officer.

Judge Robert Summerhays presides over the case.

Michael A. Crawford, Esq., who has an office in Baton Rouge,
Louisiana, and Barry W. Miller, Esq., at Heller, Draper, Patrick,
Horn & Dabney, LLC, serve as the Debtor's bankruptcy counsel.


LTS NATIONWIDE: May Use Cash Collateral Through March 21
--------------------------------------------------------
The Hon. Frank J. Bailey of the U.S. Bankruptcy Court for the
District of Massachusetts entered an interim order authorizing LTS
Nationwide, Inc., to use cash collateral through March 21, 2017, in
order to continue its operations.

A final hearing on the cash collateral use is set for March 21,
2017, at 10:30 a.m.

To secure the adequate protection obligations including, without
limitation, any diminution of the value of the Prepetition
Collateral and the Cash Collateral, Ace Funding Source, LLC,
Advantage Funding, Bank of America, Capital Advance Services, LLC,
Internal Revenue Service, Maritza Munoz, Massachusetts Department
of Revenue, Merchants Fleet Management, Protection Legal Group,
Small Business Owners of America and Toyota Financial Services are
hereby granted, effective and perfected as of the Petition Date and
without the necessity of the execution by the Debtor of security
agreements, financing statements or other agreements, a valid and
perfected replacement security interest in, and lien on the
collateral, which adequate protection liens will be pari passu to
the prepetition lien.

The Court held a hearing on the cash collateral use on Feb. 24,
2017, wherein the counsel for secured creditor Advantage Funding
Commercial Capital Corp. withdrew its objection in open court and
no other objections were filed.  

Advantage Funding filed on Feb. 23, 2017, an objection to the
Debtor's use of cash collateral.  The Debtor is liable to Advantage
Funding pursuant to five loan and financing arrangements.  The
Debtor is liable to Advantage Funding in the total sum of $288,653,
and is in arrears on the contracts in the total sum of $18,294.
The Debtor's obligations to Advantage Funding are secured by four
Mercedes Benz vehicles.

Advantage Funding had complained that the Debtor's motion for cash
collateral use failed to identify Advantage Funding as a lienholder
for which a replacement lien will be granted.  Advantage Funding
said, "Rather, it appears that Ace Funding is the only secured
party identified.  The motion fails to demonstrate any adequate
protection is offered or given to Advantage Funding with respect to
Advantage Funding's collateral.  Specifically, the Debtor fails to
specify that it proposes to make its post-petition contractual
payments to Advantage Funding.  While the Debtor refers to Exhibit
B in its Motion, there is no line item for payments to be made to
Advantage Funding."

The Debtor filed the motion on Feb. 22, 2017, a copy of which,
along with the budget, is available at:

                 http://bankrupt.com/misc/mab17-10542-10.pdf

Ace Funding is the present holder of the sole lien on the cash
sales and receivables of the Debtor.  The security agreement
contains an assignment and pledge of all receivables.  The lien was
granted to secure a note of $44,970 with a daily payment of $599 in
the document between Ace Funding and the Debtor is 12%.  The lender
has alleged a default under the terms of the note and agreement and
is in the process of attempting to collect the same.  The Debtor
acknowledges a default under the note and agreement.

The Debtor believes that the value of the corporation has an
approximate value of between $250,000 and $300,000.

The income that is derived from the livery service constitutes cash
collateral as to Ace Funding.  The Debtor wants to use the cash
collateral in the ordinary course of business to pay the expenses
indicated in the budget and for purposes of providing adequate
protection to the lienholder regarding the collateral.

The Debtor said it is necessary for the Debtor to make use of the
income in order to maintain and preserve the value of the Debtor's
business and the protection and the security of the Debtor's
employees.  Absent the Debtor's ability to use the cash collateral
to maintain the Debtor's business and to service debt and to pay
usual and ordinary operating expenses of the Debtor's livery
business, the value of the Debtor's business is certain to
diminish.

As adequate protection, the Debtor will:

     a. maintain insurance on the property;

     b. grant the lienholder a replacement lien on the same types
        of postpetition property of the estate against which the
        lienholder held liens as of Feb. 20, 2017, the Chapter 11
        petition date; and

     c. continue to make payments consistent with the budget on a
        monthly basis.

Advantage Funding is represented by:

     Michael H. Theodore, Esq.
     Michael P. Marsille, Esq.
     500 West Cummings Park, Suite 2350
     Woburn, Massachusetts 01801
     E-mail: Mtheodore@cohnanddussi.com
             Mmarsille@cohnanddussi.com
     Tel: (781) 494-0200

                       About LTS Nationwide

Headquartered in Boston, Massachusetts, LTS Nationwide, Inc., filed
for Chapter 11 bankruptcy protection (Bankr. D. Mass. Case No.
17-10542) on Feb. 20, 2017, estimating its assets and liabilities
at between $100,001 and $500,000.  Joseph P. Foley, Esq., at the
Law Offices of Joseph P. Foley serves as the Debtor's bankruptcy
counsel.


LUCKY DUCK: Seeks to Hire Cottage Grove Tax as Accountant
---------------------------------------------------------
Lucky Duck Campground, LLC seeks approval from the U.S. Bankruptcy
Court for the District of Oregon to hire an accountant.

The Debtor proposes to hire The Cottage Grove Tax Office to assist
in preparing its tax returns, financial reporting and financial
projections.

Laura Panella, the Cottage Grove accountant designated to provide
the services, will charge an hourly rate of $45 for her services.

Ms. Panella disclosed in a court filing that she does not hold any
interest adverse to the interest of the Debtor's bankruptcy estate
or its creditors.

                About Lucky Duck Campground, LLC

Lucky Duck Campground, LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. Ore. Case No. 16-63434) on November
29, 2016, disclosing under $1 million in both assets and
liabilities. The Debtor is represented by Ted A Troutman, Esq., at
Troutman Law Firm, P.C. The case is assigned to Judge Thomas M.
Renn.


LYNEIL MITCHELL: Has Final Nod to Use Ameriserv's Cash Collateral
-----------------------------------------------------------------
The Hon. Thomas P. Agresti of the U.S. Bankruptcy Court for the
Western District of Pennsylvania on March 13, 2017, granted Lyneil
Mitchell Physical Therapy, P.C., final authorization to use cash
collateral of Ameriserv Financial.

Ameriserv Financial Bank has a lien on certain property of the
Debtor, which includes all inventory, chattel paper, accounts,
equipment and general intangibles, by way of a secured loan and
line of credit from Ameriserv Financial.  The total amount of debt
owed to Ameriserv Financial under the loan and line of credit is
approximately $500,000.

As reported by the Troubled Company Reporter on Feb. 20, 2017, the
Debtor sought authorization from the Court to use cash collateral.
The Debtor told the Court that the use of cash collateral is
essential for the Debtor's reorganization.  The Debtor requires to
use its cash to pay necessary operating expenses so as to achieve a
successful reorganization.  Further, the Debtor told the Court that
the use of cash collateral to run the business will preserve or
enhance the value of creditors' noncash collateral and the going
concern of the business.

On Feb. 22, 2017, the Court granted interim order authorizing the
Debtor to use cash collateral.  The Debtor, according to that court
order, would make monthly "interest only" adequate protection
payments to Ameriserv Financial.  A copy of that court order is
available at:

            http://bankrupt.com/misc/pawb17-20368-43.pdf

Lyneil Mitchell Physical Therapy, P.C., d/b/a Revolution Physical
Therapy, filed a Chapter 11 petition (Bankr. W.D. Pa. Case No.
17-20368) on Feb. 1, 2017.  The petition was signed by Dr. Lyneil
Mitchell, president.  The case is assigned to Judge Thomas P.
Agresti.  The Debtor is represented by Brian C. Thompson, Esq., at
Thompson Law Group, P.C.  At the time of filing, the Debtor had
less than $50,000 in estimated assets and $1 million to $10 million
in estimated liabilities.


MARRONE BIO: Waddell & Reed Reports 19.2% Stake as of Dec. 31
-------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, these reporting persons disclosed beneficial ownership
of Marrone Bio Innovations, Inc., as of Dec. 31, 2016:

                                      Shares      Percentage
  Name                            Beneficially    Ownership
  ----                            ------------    ----------
Ivy Investment Management Company   2,898,692        11.8%

Waddell & Reed Investment          
  Management Company                    1,827,500         7.4%

Waddell & Reed, Inc.                    1,827,500         7.4%

Waddell & Reed Financial            1,827,500         7.4%
Services, Inc.

Waddell & Reed Financial, Inc.      4,726,192        19.2%

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

                      https://is.gd/6h2Rzz

                       About Marrone Bio

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

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

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

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


MF GLOBAL: Judge Won't Shield PwC from Attack
---------------------------------------------
Andrew Scurria and Michael Rapoport, writing for The Wall Street
Journal Pro Bankruptcy, reported that PricewaterhouseCoopers LLP
can't block MF Global Holdings Ltd. from arguing that the auditor's
advice caused a crisis of confidence that brought down the
brokerage firm in 2011, a federal judge ruled amid an ongoing $3
billion malpractice trial.

According to the report, U.S. District Judge Victor Marrero won't
bar MF Global's bankruptcy administrator from advancing what PwC
said was a new and unexpected legal theory in the jury trial, which
is expected to last through early April in New York federal court.

The administrator, Nader Tavakoli, is seeking $3 billion in damages
for creditors of MF Global based on PwC's advice regarding $6.3
billion in European sovereign-bond investments known as
"repo-to-maturity," or RTMs, that soured and contributed to MF
Global's collapse, the report related.

Under accounting rules at the time, PwC advised MF Global to treat
those transactions, which let the brokerage finance its securities
trading, as sales rather than borrowings, the report further
related.  That allowed MF Global to record immediate profits and
remove from its balance sheet the securities it had pledged as
collateral, making the brokerage appear less risky, the report
added.  The lawsuit claims that if PwC hadn't given bad advice, MF
Global would never have undertaken its eurozone bond strategy, the
report added.

Lawyers for PwC, which has denied wrongdoing, filed papers
suggesting a mistrial may be necessary after Mr. Tavakoli sprung a
new theory starting with his opening statements, the report
related.  The new theory centered on "market confusion" and "a loss
of trust" in MF Global's financial statements, rather than arguing
that PwC encouraged the risky RTM deals, the report further
related, citing PwC.

The judge, however, refused to block that causation theory and its
related testimony, saying it had been "previously disclosed" in
court filings, the report said.

The remaining time in the trial "should afford PwC sufficient time
to respond to any shift it perceives in the plan administrator’s
theory," the report cited Judge Marrero as saying.

                         About MF Global

New York-based MF Global -- http://www.mfglobal.com/-- was one of

the world's leading brokers of commodities and listed derivatives.

MF Global provides access to more than 70 exchanges around the
world.  The firm also was one of 22 primary dealers authorized to
trade U.S. government securities with the Federal Reserve Bank of
New York.  MF Global's roots go back nearly 230 years to a sugar
brokerage on the banks of the Thames River in London.

On Oct. 31, 2011, MF Global Holdings Ltd. and MF Global Finance
USA Inc. filed voluntary Chapter 11 petitions (Bankr. S.D.N.Y.
Case Nos. 11-15059 and 11-5058), after a planned sale to
Interactive Brokers Group collapsed.  As of Sept. 30, 2011, MF
Global had $41,046,594,000 in total assets and $39,683,915,000 in
total liabilities.

On Nov. 7, 2011, the United States Trustee appointed the statutory
creditors' committee in the Debtors' cases.  At the behest of the
Statutory Creditor's Committee, the Court directed the U.S.
Trustee to appoint a chapter 11 trustee.  On Nov. 28, 2011, the
Bankruptcy Court entered an order approving the appointment of
Louis J. Freeh, Esq., of Freeh Group International Solutions, LLC,
as Chapter 11 trustee.

On Dec. 19, 2011, MF Global Capital LLC, MF Global Market Services
LLC and MF Global FX Clear LLC filed voluntary Chapter 11
petitions (Bankr. S.D.N.Y. Case Nos. 11-15808, 11-15809 and
11-15810).  On Dec. 27, the Court entered an order installing Mr.
Freeh as Chapter 11 Trustee of the New Debtors.

On March 2, 2012, MF Global Holdings USA Inc. filed a voluntary
Chapter 11 petition (Bankr. S.D.N.Y. Case No. 12-10863), and Mr.
Freeh also was installed as its Chapter 11 Trustee.

Judge Honorable Martin Glenn presides over the Chapter 11 case.
J. Gregory Milmoe, Esq., Kenneth S. Ziman, Esq., and J. Eric
Ivester, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP, serve
as bankruptcy counsel.  The Garden City Group, Inc., serves as
claims and noticing agent.  The petition was signed by Bradley I.
Abelow, Executive Vice President and Chief Executive Officer of MF
Global Finance USA Inc.

The Chapter 11 Trustee has tapped (i) Freeh Sporkin & Sullivan
LLP, as investigative counsel; (ii) FTI Consulting Inc., as
restructuring advisors; (iii) Morrison & Foerster LLP, as
bankruptcy counsel; and (iv) Pepper Hamilton as special counsel.

The Official Committee of Unsecured Creditors has retained
Capstone Advisory Group LLC as financial advisor, while lawyers at
Proskauer Rose LLP serve as counsel.

The Securities Investor Protection Corporation commenced
liquidation proceedings against MF Global Inc. to protect
customers.  James W. Giddens was appointed as trustee pursuant to
the Securities Investor Protection Act.  He is a partner at Hughes
Hubbard & Reed LLP in New York.

Jon Corzine, the former New Jersey governor and co-CEO of
Goldman Sachs Group Inc., stepped down as chairman and chief
executive officer of MF Global just days after the bankruptcy
filing.

In April 2013, the Bankruptcy Court approved MF Global Holdings'
plan to liquidate its assets.  Bloomberg News reported that the
court-approved disclosure statement initially told
creditors with $1.134 billion in unsecured claims against the
parent holding company why they could expect a recovery of 13.4%
to 39.1% from the plan.  As a consequence of a settlement with
JPMorgan, supplemental materials informed unsecured creditors
their recovery was reduced to the range of 11.4% to 34.4%.  Bank
lenders will have the same recovery on their $1.174 billion claim
against the holding company.  As a consequence of the settlement,
the predicted recovery became 18% to 41.5% for holders of $1.19
billion in unsecured claims against the finance subsidiary,
one of the companies under the umbrella of the holding company
trustee.  Previously, the predicted recovery was 14.7% to 34% on
bank lenders' claims against the finance subsidiary.


MF GLOBAL: U.S. Judge Deals PwC Setback in Malpractice Trial
------------------------------------------------------------
The American Bankruptcy Institute, citing Jonathan Stempel of
Reuters, reported that a federal judge has rejected
PricewaterhouseCoopers LLP's bid to sharply restrict how the
bankruptcy plan administrator for Jon Corzine's defunct brokerage
MF Global Holdings Ltd pursues its $3 billion malpractice case
against the auditor.

According to the report, ruling eight days after the trial began,
U.S. District Judge Victor Marrero in Manhattan refused to force
the administrator, which is seeking money for MF Global creditors,
to stick to what PwC called its original theory of why MF Global
went bankrupt on Oct. 31, 2011.

PwC said the administrator has in three years of litigation blamed
the bankruptcy on a $6.3 billion European sovereign debt wager that
the futures and commodities brokerage would not have made but for
its negligent accounting advice, the report related.

But PwC said it was blindsided when the administrator at trial
began blaming confusion and a lack of trust among customers,
investors and lenders in MF Global's financial statements, which in
turn were caused by PwC's advice, the report further related.

The auditor sought to exclude all evidence supporting that theory,
including testimony from Corzine, or get a mistrial, but the judge
said the administrator had blamed PwC before for the loss of
confidence in MF Global, including during its lawyer's March 7
opening statement, the report said.

"Although PwC may well be surprised that some of the prior
allegations in the case may differ from theory of causation the
plan administrator has advanced up to this point at trial, because
that theory has been disclosed before, PwC cannot at this late
stage claim to be prejudiced," Judge Marrero wrote, according to
Reuters.

The Troubled Company Reporter previously, citing Bob Van Voris and
Chris Dolmetsch of Bloomberg News, previously reported that Jon
Corzine, who was summoned to the witness stand on March 9, 2017, in
the malpractice lawsuit said it was a turn in market sentiment, and
not his own flawed management, that led to the collapse of the
trading firm he once ran.

"There was a loss of confidence and trust in the organization
after
our earnings were announced and credit agencies downgraded us in
the last week of October 2011," Mr. Corzine, according to the
report.

According to Mr. Corzine, there was "a sense of distrust by some
in
the marketplace" about MF Global's position in the European bonds,
which helped contribute to the company's collapse.  "If the
marketplace had understood we had not lost money on these European
sovereign bonds, we would be in a much more secure position."

The trial is expected to last five weeks, Reuters said.

The case is MF Global Holdings Ltd as Plan Administrator v
PricewaterhouseCoopers LLP, U.S. District Court, Southern District
of New York, No. 14-02197.

                         About MF Global

New York-based MF Global -- http://www.mfglobal.com/-- was one of

the world's leading brokers of commodities and listed derivatives.

MF Global provides access to more than 70 exchanges around the
world.  The firm also was one of 22 primary dealers authorized to
trade U.S. government securities with the Federal Reserve Bank of
New York.  MF Global's roots go back nearly 230 years to a sugar
brokerage on the banks of the Thames River in London.

On Oct. 31, 2011, MF Global Holdings Ltd. and MF Global Finance
USA Inc. filed voluntary Chapter 11 petitions (Bankr. S.D.N.Y.
Case Nos. 11-15059 and 11-5058), after a planned sale to
Interactive Brokers Group collapsed.  As of Sept. 30, 2011, MF
Global had $41,046,594,000 in total assets and $39,683,915,000 in
total liabilities.

On Nov. 7, 2011, the United States Trustee appointed the statutory
creditors' committee in the Debtors' cases.  At the behest of the
Statutory Creditor's Committee, the Court directed the U.S.
Trustee to appoint a chapter 11 trustee.  On Nov. 28, 2011, the
Bankruptcy Court entered an order approving the appointment of
Louis J. Freeh, Esq., of Freeh Group International Solutions, LLC,
as Chapter 11 trustee.

On Dec. 19, 2011, MF Global Capital LLC, MF Global Market Services
LLC and MF Global FX Clear LLC filed voluntary Chapter 11
petitions (Bankr. S.D.N.Y. Case Nos. 11-15808, 11-15809 and
11-15810).  On Dec. 27, the Court entered an order installing Mr.
Freeh as Chapter 11 Trustee of the New Debtors.

On March 2, 2012, MF Global Holdings USA Inc. filed a voluntary
Chapter 11 petition (Bankr. S.D.N.Y. Case No. 12-10863), and Mr.
Freeh also was installed as its Chapter 11 Trustee.

Judge Honorable Martin Glenn presides over the Chapter 11 case.
J. Gregory Milmoe, Esq., Kenneth S. Ziman, Esq., and J. Eric
Ivester, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP, serve
as bankruptcy counsel.  The Garden City Group, Inc., serves as
claims and noticing agent.  The petition was signed by Bradley I.
Abelow, Executive Vice President and Chief Executive Officer of MF
Global Finance USA Inc.

The Chapter 11 Trustee has tapped (i) Freeh Sporkin & Sullivan
LLP, as investigative counsel; (ii) FTI Consulting Inc., as
restructuring advisors; (iii) Morrison & Foerster LLP, as
bankruptcy counsel; and (iv) Pepper Hamilton as special counsel.

The Official Committee of Unsecured Creditors has retained
Capstone Advisory Group LLC as financial advisor, while lawyers at
Proskauer Rose LLP serve as counsel.

The Securities Investor Protection Corporation commenced
liquidation proceedings against MF Global Inc. to protect
customers.  James W. Giddens was appointed as trustee pursuant to
the Securities Investor Protection Act.  He is a partner at Hughes
Hubbard & Reed LLP in New York.

Jon Corzine, the former New Jersey governor and co-CEO of
Goldman Sachs Group Inc., stepped down as chairman and chief
executive officer of MF Global just days after the bankruptcy
filing.

In April 2013, the Bankruptcy Court approved MF Global Holdings'
plan to liquidate its assets.  Bloomberg News reported that the
court-approved disclosure statement initially told
creditors with $1.134 billion in unsecured claims against the
parent holding company why they could expect a recovery of 13.4%
to 39.1% from the plan.  As a consequence of a settlement with
JPMorgan, supplemental materials informed unsecured creditors
their recovery was reduced to the range of 11.4% to 34.4%.  Bank
lenders will have the same recovery on their $1.174 billion claim
against the holding company.  As a consequence of the settlement,
the predicted recovery became 18% to 41.5% for holders of $1.19
billion in unsecured claims against the finance subsidiary,
one of the companies under the umbrella of the holding company
trustee.  Previously, the predicted recovery was 14.7% to 34% on
bank lenders' claims against the finance subsidiary.


MICHAELS COS.: S&P Raises CCR to 'BB-' on Operating Performance
---------------------------------------------------------------
S&P Global Ratings raised its corporate credit rating on Irving,
Texas-based The Michaels Cos. Inc. to 'BB-' from 'B+'.  The outlook
is stable.

At the same time, S&P raised its ratings on the company's term loan
to 'BB+' from 'BB'.  The recovery rating on this facility remains
'1', indicating S&P's expectation of very high recovery (90% to
100%; rounded estimate: 95%) in the event of a payment default.

S&P also raised its issue-level ratings on the company's senior
subordinated notes to 'B' from 'B-'.  The recovery rating remains
'6', indicating S&P's expectation that noteholders would receive
negligible recovery (0% to 10%; rounded estimate: 0%) in the event
of a payment default.

"The upgrade reflects our expectations that Michaels' generally
stable operating performance trends in a challenging retail
environment will continue, positioning the company to keep adjusted
leverage below 4.5x and generate free operating cash flow of around
$400 million in fiscal 2017," said credit analyst Declan Gargan.
"We expect recent initiatives to enhance value perception and
increase customer engagement, including expanding in-store classes
and growing its nascent loyalty program, should bolster traffic and
ticket growth.  We also expect the company to continue to realize
direct sourcing benefits from its acquisition of Lamrite West last
year.  We believe these efforts will lead to earnings growth and
support consistent free operating cash flow generation, resulting
in modest credit protection metric improvement in 2017."

The stable outlook on Michaels reflects S&P's expectation that the
company will drive positive comparable-store sales growth in 2017
through successful merchandising and increased customer engagement.
S&P also expects the company to leverage its direct sourcing
capabilities to invest in price keeping margins roughly flat, which
should enable the company to maintain stable credit protection
measures in fiscal 2017.

S&P could lower the rating either because of deteriorating
operating performance or the company pursues a more aggressive
financial policy that leads to leverage exceeding 5x on a sustained
basis.  S&P believes leverage could exceed 5x if merchandising
missteps or heightened competition impacts sales and profitability,
causing gross margin to contract more than 200 basis points on a
sustained basis.  Leverage could also remain above 5.0x if the
company were to issue approximately $700 million of additional debt
(above our 2017 forecast) to fund shareholder returns or
acquisitions.

S&P could consider raising the rating if Michaels is able to
achieve improved operating performance trends, including positive
comparable-store sales and margin expansion, leading to earnings
growth above our expectations.  A higher rating would also be
contingent on S&P's belief that the company is committed to
reducing leverage such that it maintains a balanced capital
allocation policy and uses FOCF to pay down debt,keeps adjusted
leverage below 4.0x.



MLFTL INC: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of MLFTL, Inc. as of March 15,
according to a court docket.

MLFTL is represented by:

     Ronald B. Lewis, Esq.
     Lewis & Thomas, LLP
     165 East Palmetto Park Road, Suite 200
     Boca Raton, FL 33432
     Phone: 561-368-7474
     Email: rlewis@beltlawyers.com

                        About MLFTL Inc.

MLFTL, Inc. sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D. Fla. Case No. 17-10917) on January 26, 2017.  The
petition was signed by Steve Iona, vice-president.  

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


MOSES INC: April 12 Disclosure Statement Hearing
------------------------------------------------
Judge Brenda Moody Whinery of the U.S. Bankruptcy Court for the
District of Arizona will convene a hearing on April 12, 2017, at
10:00 a.m., to consider approval of the disclosure statement
explaining Moses, Inc.'s plan of reorganization.

The last day for filing with the Court and serving written
objections to the Disclosure Statement is fixed as April 3, 2017.

Under the Plan, all classes of claims, except for Class 1 - Secured
Real Estate Tax Claims, are impaired.

Each Holder of an Allowed General Unsecured Claim (Class 6) will
receive, starting on the 25th day of the month following the first
full calendar quarter following the Effective Date, and on the 25th
day of the month following each successive calendar quarter
thereafter for a total period of 16 calendar quarters, net
Distributable Cash generated from the Debtor's operations.

Distributable Cash is calculated by the Disbursing Agent on a
calendar quarterly basis using monthly and quarterly financial
statements, commencing on the first full calendar quarter following
the Effective Date of the Plan. Distributable Cash will be
transferred to the Disbursing Agent following the end of each
quarter for Pro Rata distribution to the Holders of Allowed, Class
4, Class 5 and Class 6 Claims.

All payments under the Plan, which are due on the Effective Date,
will be funded from the Equity Contribution of Louis Moses,
proceeds from the repayment of the Louis Moses Note and by any and
all remaining Cash retained by the Reorganized Debtor on the
Effective Date.  The source of funds to be paid by Louis Moses for
repayment of the Louis Moses Note and payment of the Equity
Contribution on the Effective Date is from life insurance policies
held by Louis Moses.

A full-text copy of the Disclosure Statement dated February 11,
2017, is available at:

          http://bankrupt.com/misc/nysb16-11856-44.pdf

                     About Moses, Inc.

Moses, Inc., based in Phoenix, Ariz., filed a Chapter 11 petition
(Bankr. D. Ariz. Case No. 16-09889) on August 26, 2016. The
petition was signed by Tom Guilfoy, chief restructuring officer.
The Debtor is represented by Christopher C. Simpson, Esq., at
Stinson Leonard Street LLP. The case is assigned to Judge Brenda
Moody Whinery. The Debtor disclosed $1.22 million in total assets
and $5.73 million in total liabilities.


NASTY GAL: Wants Plan Filing Deadline Moved to April 8
------------------------------------------------------
Nasty Gal Inc. asks the U.S. Bankruptcy Court for the Central
District of California to extend its exclusive right to file a plan
of reorganization through April 8, 2017; and its exclusive right to
gain acceptance of such plan through June 7, 2017.

Pursuant to Section 1121 of the Bankruptcy Code, the last date by
which the Debtor possesses the exclusive right to file a plan was
March 9, 2017.  Moreover, pursuant to a January 6, 2017
Court-approved scheduling order, the Debtor was given until March
31 to file a disclosure statement and plan.

The Debtor relates that it successfully close the sale of its
intellectual property assets to Boohoo F I Limited for $20,000,000
on February 28, 2017.

In relation to this development, the Debtor reveals that together
with the Official Committee of Unsecured Creditors, it is currently
drafting a joint liquidating plan and accompanying disclosure
statement.

                     About Nasty Gal Inc.

Founded in 2006 and based in Los Angeles, Nasty Gal Inc. engages in
the online sale of clothing, shoes, and accessories for girls.  The
Company 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.


NEIMAN MARCUS: Moody's Lowers Corporate Family Rating to Caa2
-------------------------------------------------------------
Moody's Investors Service downgraded Neiman Marcus Group LTD,
Inc.'s Corporate Family Rating to Caa2 from B3 and its Probability
of Default Rating to Caa2-PD from B3-PD. The company's Speculative
Grade Liquidity rating is affirmed at SGL-2. The outlook is changed
to negative from stable.

"The downgrade of NMG's Corporate Family Rating reflects the
continued weakness in its financial results as it faces both the
cyclical and secular challenges that face the North America luxury
department stores", says Christina Boni, VP Senior Analyst. "Its
designation of its MyTheresa.com operations and certain owned
properties to unrestricted subsidiaries reduces assets coverage for
its debt obligations. The hiring of a financial advisor to evaluate
strategic alternatives also signals the likelihood of its capital
structure being addressed well before its first significant debt
maturity in October 2020. Despite good liquidity, overall leverage
levels remain well above what can be refinanced and a path to
return to peak EBITDA levels is unlikely in the present operating
environment."

Downgrades:

Issuer: Neiman Marcus Group LTD LLC

-- Probability of Default Rating, Downgraded to Caa2-PD from B3-
    PD

-- Corporate Family Rating, Downgraded to Caa2 from B3

-- Senior Secured Bank Credit Facility, Downgraded to Caa1(LGD3)
    from B2(LGD3)

-- Senior Unsecured Regular Bond/Debenture, Downgraded to
    Caa3(LGD5) from Caa2(LGD5)

Issuer: Neiman Marcus Group, Inc.(The) (Old)

-- Senior Secured Regular Bond/Debenture, Downgraded to
   Caa1(LGD3) from B2(LGD3)

Outlook Actions:

Issuer: Neiman Marcus Group LTD LLC

-- Outlook, Revised to Negative from Stable

Affirmations:

Issuer: Neiman Marcus Group LTD LLC

-- Speculative Grade Liquidity Rating, Affirmed SGL-2

RATINGS RATIONALE

NMG's Caa2 Corporate Family Rating reflects its very high leverage
as a result of the 2013 acquisition by Ares Management and the
Canada Pension Plan Investment Board and its weakening operating
performance. Leverage (Moody's adjusted debt/EBITDA) was 9.7 times
and interest coverage (Moody's adjusted EBITA/interest expense) at
0.8 times for NMG's trailing twelve months ended December 31, 2016.
Its hiring of a financial advisor to consider various alternatives
which include the sale of the company as well as the optimization
of its capital structure is a reflective of the challenge of its
debt burden in the face of its declining operating results. Its
movement of assets to unrestricted subsidiaries also reduces its
collateral base for its outstanding debt obligations. Weak mall
traffic and increasing demands from the luxury customer for newness
and exclusive product in the face of increased price transparency
require meaningful changes to its business. Moody's also expects
cyclical issues including weakness in its oil and gas markets,
albeit off their lows, and the depressed rate of international
tourism, which has been hurt by the stronger U.S. dollar, to
continue.

Partly mitigating NMG's very high leverage is Moody's positive
views of Neiman's well-known reputation, strong execution
historically, and leading position in the luxury apparel market.
Neiman's core customer typically has the means to spend but its
participation is dependent the customer's desire to purchase.
Although Neiman has good liquidity which gives Neiman time to
improve its operating performance before its term loan matures in
October 2020, current secular trends will make it difficult to
return to peak EBITDA levels.

Rating Outlook

The negative outlook reflects Moody's views that the pursuit of
strategic alternatives, which include the optimization of its
capital structure, increases the risk of its financial policy. It
also incorporates Moody's expectations that NMG will continue to
experience weak opeating performance as it continues to invest in
growth capex. Leverage is expected to increase beyond already
unsustainable levels.

What Could Change the Rating - Up

Ratings could be upgraded if NMG demonstrates the ability and
willingness to achieve and maintain debt to EBITDA below 7.5 times
and EBITA to interest expense above 1.0 times.

What Could Change the Rating - Down

Ratings could be downgraded should liquidity materially deteriorate
or if free cash flow becomes meaningfully negative.

Neiman Marcus Group LTD, Inc., headquartered in Dallas, TX,
operates 42 Neiman Marcus Stores across the United States and two
Bergdorf Goodman stores in Manhattan. The Company also operates
twenty seven Last Call Outlets, thirteen Last Call Studios and one
Horchow Finale as well as four CUSP stores. These store operations
total more than 6.9 million gross square feet. The Company conducts
direct to consumer operations under the Neiman Marcus, Bergdorf
Goodman, Last Call, Horchow, CUSP and mytheresa brand names.

The principal methodology used in these ratings was Retail Industry
published in October 2015.



NEW RIVER HOSPITALITY: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of New River Hospitality Holdings,
LLC as of March 15, according to a court docket.

New River Hospitality Holdings, LLC sought protection under Chapter
11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 17-11037) on
January 27, 2017.  The petition was signed by John R. Wilcox,
managing member.  The Debtor is represented by Susan D. Lasky, PA.
At the time of the filing, the Debtor estimated assets of less than
$50,000 and liabilities of less than $1 million.


NEW RIVER HOSPITALITY: Wants to Use Cash Collateral
---------------------------------------------------
New River Hospitality Holdings, LLC, seeks permission from the U.S.
Bankruptcy Court for the Southern District of Florida to use cash
collateral until such time as one of the foregoing entities can
establish an interest in same.

A copy of the Motion is available at:

           http://bankrupt.com/misc/flsb17-11037-17.pdf

In the ordinary course of its business, the Debtor's employees
collect monies in the form of cash in the form of cash, debit or
credit card charges.  This is the only source of Debtor's revenue,
Debtor uses this revenue to acquire food, pay rent, taxes,
insurance and payroll.

Only Corporation Service Company, as representative, has asserted
an interest in "deposit accounts".  The Debtor believes Corporation
Service Company to be its prior "merchant account" holder.  The
Debtor is not delinquent with any of its current or prior merchant
account holders.  The merchant account holder retains the monies
due for transaction fees, and deposits the balance of monies
collected in the merchant account into the Debtor's bank account.

With the exception of Corporation Service Company, as
representative, all of the other entities assert an interest in
personalty, equipment, accounts receivable and certain general
intangibles like "insurance proceeds".  The Debtor does not have
any accounts receivable or insurance recoveries or other intangible
collateral.

Roger Scott Wilcox was first party to file a UCC-1.  He funded the
Debtor's original build out and equipment purchases.  Mr. Wilcox is
deceased, but his estate consents to the use of cash collateral.

              About New River Hospitality Holdings

New River Hospitality Holdings, LLC, owns and operates a restaurant
and pizza delivery business.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D. Fla. Case No. 17-11037) on Jan. 27, 2017.  The
petition was signed by John R. Wilcox, managing member.  At the
time of the filing, the Debtor estimated assets of less than
$50,000 and liabilities of less than $1 million.  Susan D. Lasky,
Esq., at Susan D. Lasky, PA, serves as the Debtor's legal counsel.


NORDICA SOHO: 2nd Lender to Buy NY Property, Fund Plan Payments
---------------------------------------------------------------
Nordica Soho LLC's second amended disclosure statement explaining
its plan of reorganization discloses that following competitive
bidding, the auction for the Debtor's property located at 182-186
Spring Street, in New York, resulted to declaring Michael Aronoff
or his assignee as the successful purchaser.

Mr. Aronoff is the principal of 182 Spring Street Associates, which
holds a second mortgage in the Debtor's property.  The claim of the
second lender was reduced to a filed judgment in the amount of
$12,347,633.05 as of August 7, 2015, with interest accruing
thereafter at a rate of at least 9% per annum.

The Second Lender ultimately exercised its credit bid rights at the
Auction and will now fund the Plan as the Successful Purchaser in
consideration for the sale and receipt of title to the Property.
The Second Lender's funding payment obligations include
satisfaction of the first mortgage for all allowed amounts, payment
of real estate taxes and related charges, payment of administrative
and priority creditors, plus establishment of a fund of $50,000 to
make a pro rata distribution to all other unsecured claims.

A full-text copy of the Disclosure Statement dated March 2, 2017,
is available at:

          http://bankrupt.com/misc/nysb16-11856-44.pdf

                    About Nordica Soho

Nordica Soho LLC, based in New York, NY, filed a Chapter 11
petition (Bankr. S.D.N.Y. Case No. 16-11856) on June 28, 2016.  The
Hon. Shelley C. Chapman presides over the case.  Kevin J. Nash,
Esq., at Goldberg Weprin Finkel Goldstein LLP, serves as bankruptcy
counsel.

In its petition, the Debtor estimated $10 million to $50 million in
assets and $10 million to $50 million in liabilities. The petition
was signed by Nanci Hom and Harry Shapiro, co-managers.

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


NSC PUERTO RICO: Seeks to Hire Pedrosa Luna as Legal Counsel
------------------------------------------------------------
NSC Puerto Rico Inc. seeks approval from the U.S. Bankruptcy Court
for the District of Puerto Rico to hire legal counsel in connection
with its Chapter 11 case.

The Debtor proposes to hire The Law Offices of Hector Eduardo
Pedrosa Luna to give legal advice regarding its duties under the
Bankruptcy Code, conduct examinations incidental to the
administration of its case, assist in the preparation of a
bankruptcy plan, and provide other legal services.

The firm will charge an hourly rate of $135 for its services.

Hector Eduardo Pedrosa-Luna, Esq., disclosed in a court filing that
the members of his firm are "disinterested persons" as defined in
section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Hector Eduardo Pedrosa-Luna, Esq.
     The Law Offices of Hector Eduardo Pedrosa Luna
     1519 Ponce de Leon Avenue, Suite 1115
     San Juan, PR 00909
     Phone: 787-920-7983
     Fax: 787-754-1109
     Email: hectorpedrosa@gmail.com

                  About NSC Puerto Rico Inc.

NSC Puerto Rico Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.P.R. Case No. 17-01534) on March 5, 2017.
The petition was signed by Jairo Estrada, president.  

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


OMEROS CORP: Ingalls & Snyder Holds 11.8% Stake as of Dec. 31
-------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Ingalls & Snyder, LLC disclosed that as of Dec. 31,
2016, it beneficially owns 5,097,510 shares of common stock of
Omeros Corporation representing 11.87 percent of the shares
outstanding.  Ingalls & Snyder is a registered broker dealer and
registered investment advisor.  A full-text copy of the regulatory
filing is available for free at:
              
                      https://is.gd/ccarzC

                      About Omeros Corp

Omeros Corporation is a biopharmaceutical company committed to
discovering, developing and commercializing both small-molecule and
protein therapeutics for large-market as well as orphan indications
targeting inflammation, coagulopathies and disorders of the central
nervous system.

Omeros reported a net loss of $75.09 million in 2015, a net loss of
$73.67 million in 2014 and a net loss of $39.79 million in 2013.
As of Sept. 30, 2016, Omeros had $72.76 million in total assets,
$95.53 million in total liabilities and a total shareholders'
deficit of $22.77 million.

Ernst & Young LLP, in Seattle, Washington, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has recurring losses
from operations and has a net capital deficiency that raise
substantial doubt about its ability to continue as a going concern.


ON SEMICONDUCTOR: S&P Assigns 'BB-' Rating on $500MM Sr. Notes
--------------------------------------------------------------
S&P Global Ratings said that it assigned its 'BB-' issue-level
rating to ON Semiconductor Corp.'s proposed $500 million senior
unsecured convertible notes.

At the same time, S&P affirmed its 'BB' issue-level rating on the
company's senior secured debt and S&P's 'BB-' issue-level rating on
the company's existing unsecured convertible debt.  S&P's corporate
credit rating on the company is unchanged at 'BB'.

The '5' recovery rating on the proposed $500 million senior
unsecured notes indicates S&P's expectation of modest (10%-30%;
rounded estimate 15%) recovery in the event of a payment default.

ON Semiconductor Corp. is planning to put most of the proceeds from
the notes toward its existing term loan.

                        RECOVERY ANALYSIS

S&P's simulated default scenario assumes a payment default in 2022
as cash balances and profits fall due to lower demand resulting
from an economic slowdown and lower margins due to increased
competition and inefficient research-and-development and capital
spending.  S&P continues to value the company as a going concern
using a 5.5x multiple of its projected emergence EBITDA.

Simulated default assumptions:

   -- Simulated year of default: 2022
   -- EBITDA at emergence: $165 million
   -- EBITDA multiple: 5.5x

Simplified waterfall:

   -- Gross recovery value: $1.9 bil.
   -- Net recovery value for waterfall after admin expenses (5%):
      $1.8 bil.
   -- Obligor/nonobligor valuation split: 15%/85%
   -- Estimated priority claims: $82 mil.
   -- Estimated first-lien claim: $2,380 mil.
   -- Value available for first-lien claim: $1.3 bil.
       -- Recovery range: 50%-70% (rounded estimate: 50%)
   -- Estimated senior unsecured claim: $1.2 bil.
   -- Value available for unsecured claim: $225 mil.
      -- Recovery range: 10%-30% (rounded estimate: 15%)

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

RATINGS LIST

ON Semiconductor Corp.
Corporate credit rating     BB/Stable/--

New Rating

ON Semiconductor Corp.
Senior unsec conv nts       BB-
  Recovery rating            5(15%)

Ratings Affirmed; Recovery Ratings Unchanged

ON Semiconductor Corp.
Senior sec                  BB
  Recovery rating            3(50%)
Senior unsecured            BB-
  Recovery rating            5(15%)



ONCAM INC: TONN Investment to Auction Property on March 23
-----------------------------------------------------------
Craig K. Williams, Esq., as agent for TONN Investment LLC, the
secured party, is selling property of Oncam Inc. to the highest
qualified bidder on March 23, 2017, starting at 1:30 p.m.

The auction will be held at:

   Law Office of Snell & Wilmer LLP
   One Arizona Center, 400 East Van
   Buren, Phoenix, Arizona 85004
   Attn:  Craig K. Williams
   Tel: (602) 382-6331
   Email: ckwilliams@swlaw.com

Headquartered in San Jose, California, Oncam Inc. --
http://www.oncam.com/-- develops a group video calling application
software.  The company was incorporated in 2012.

In December last year, Scott L. Tonn, Manager and Partner in Tonn
Investments, LLC, a Phoenix based investment company, resigned his
posts as Director and President and COO of Oncam, Inc.   Mr. Tonn
is also a stockholder and debt-based investor in Oncam.

                    About Tonn Investments

Scott Tonn has partnered with Michael J. Lafferty and Lafferty
Development, the downtown Phoenix, AZ developer, and is currently
developing over 1,000 residential units along the Phoenix Light
Rail directly east of downtown Phoenix.  The developments known as
the Presidential and Monument border 11th Street between Jefferson
and Washington Streets and the St. Ambrose Apartments are located
at 12th Street & Van Buren Street, Phoenix, AZ.
http://www.bizjournals.com/phoenix/news/2016/09/20/200m-hotel-condo-apartment-development-moves.html

Tonn Investments is an owner of Austin Electric Services, LLC,
Arizona's premier residential electrical contractor that has
strengthened its workforce not only by putting Arizonans back to
work by the hundreds over the last several years, but also by
hiring and training as many as 150 refugees from Cuba, Africa, the
Middle East, and Eastern Europe.
http://ktar.com/story/1301622/arizona-refugees-finding-jobs-through-help-of-local-organizations/

Austin Electric Services was founded in 2012 after founder, Toby
Thomas, saw a need in the residential electrical market for a
company that could provide a great service at a fair price. Since
2012 Austin Electric Services has "wired" over 20,000 residential
homes in the Arizona markets. Austin Electric Services has offices
in Avondale, Mesa, Deer Valley and Tucson. The operations at Austin
Electric Services are broken into three divisions that all work
together, but are managed separately to guarantee customers the
best service possible.

Tonn also maintains investments in the renewable energy and real
estate sectors.


PALMDALE HILLS: Ch.11 Trustee Seeks Approval of SunCal Plan Outline
-------------------------------------------------------------------
Steven Speier, Chapter 11 Trustee for SunCal Emerald Meadows Ranch,
LLC, filed a motion asking the U.S. Bankruptcy Court for the
Central District of California to approve the disclosure statement
describing his plan of reorganization for Suncal, dated March 9,
2017.

SunCal Emerald Meadows, LLC, an affiliate of Palmdale Hills
Property, LLC, filed its petition for relief on Nov. 7, 2008. As of
the Petition Date, the Debtor's primary asset was a 245-acre parcel
of real property located in the city of Jurupa Valley, California.
The Emerald Meadows Real Property was encumbered by a lien in favor
of Lehman Commercial Paper, Inc. in the approximate amount of
$343,000,000 and other liens and claims of more than $7,000,000.

The Trustee's plan of reorganization proposes that creditors
holding allowed unsecured claims against the Debtor's estate,
except Lehman, will receive a 15%  distribution on the amount of
their claim from current cash, and administrative claims will be
paid in full, up to caps specified in the Plan. Disputed claims
will receive distributions equal to fifteen percent of the allowed
amounts of their claims once their claims are allowed. All other
proceeds generated from the liquidation of estate assets will be
used to repay Lehman for loans made to the Debtor's estate after
the Petition Date until such loans are satisfied.

In order for the solicitation, voting, and confirmation processes
to proceed in a timely manner, the Trustee also requests that the
Court fix the following dates:

   (a) the last day for transmittal of the Solicitation Packages
and Confirmation Hearing Notices to those parties entitled to
receive them and for publication of the Confirmation Hearing
Notices;

   (b) the last day for receipt by the Trustee's insolvency counsel
of ballots accepting or rejecting the Plan;

   (c) the date for the hearing on the confirmation of the Plan;

   (d) the last date for filing a memorandum in support of
confirmation;

   (e) the date on which the Ballot Summary must be filed; and

   (f) the deadlines to file objections to confirmation of the Plan
and responses thereto.

The Trustee contends that the disclosure statement should be
approved because it contains adequate information for the members
of the voting classes to make an informed judgment on the plan.

                    About SunCal Companies

SunCal Companies -- http://www.suncal.com/-- had more than   
250,000 residential lots and 10 million square feet of commercial
space in various stages of development throughout California,
Arizona, Nevada and New Mexico.

Gramercy Warehouse Funding LLC and several creditors filed
involuntary petitions each against LBREP/L-SunCal Master I
LLC, LBREP/L-SunCal McAllister Ranch LLC, LBREP/L-SunCal McSweeny
Farms LLC, and LBREP/L-SunCal Summerwind Ranch LLC on Sept. 11,
2008 (Bankr. C.D. Calif Case No. 08-15588, 08-15637, 08-15639, and
08-15640).  Daniel H. Reiss, Esq., at Levene, Neale, Bender,
Rankin & Brill represents the petitioners.

SunCal affiliates led by Palmdale Hills Property, LLC, filed
voluntary Chapter 11 petitions (Bankr. C. D. Calif. Case No.
08-17206) on Nov. 6, 2008.  Affiliates that also filed separate
Chapter 11 petitions include: SunCal Beaumont Heights, LLC; SunCal
Johannson Ranch, LLC; SunCal Summit Valley, LLC; SunCal Emerald
Meadows LLC; SunCal Bickford Ranch, LLC; SunCal Communities I,
LLC; SunCal Communities III, LLC; and SJD Development Corp.

SunCal Companies is not in bankruptcy.

Paul J. Couchot, Esq., at Winthrop Couchot P.C., represents
Palmdale Hills in its restructuring effort.  The Company estimated
assets and debts of $100 million to $500 million in its Chapter 11
petition.

The Troubled Company Reporter, on May 2, 2012, reported that Lehman
Brothers Holdings Inc. disclosed that its bankruptcy plans in the
SunCal bankruptcy cases have gone effective and as a result Lehman
has taken title to a portfolio of California properties formerly
owned by affiliates of the SunCal Companies.  The plans were
confirmed by the SunCal bankruptcy court in California in October
2011 and approved by the Lehman bankruptcy court in New York in
July 2011.

The effectiveness of the plans will result in Lehman, which had
provided financing for these development sites, obtaining
ownership of 14 different projects throughout the State of
California.

                     About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was   
the fourth largest investment bank in the United States.  For
more than 150 years, Lehman Brothers has been a leader in the
global financial markets by serving the financial needs of
corporations, governmental units, institutional clients and
individuals worldwide.

Lehman Brothers filed for Chapter 11 bankruptcy Sept. 15, 2008
(Bankr. S.D.N.Y. Case No. 08-13555).  Lehman's bankruptcy
petition disclosed US$639 billion in assets and US$613 billion in
debts, effectively making the firm's bankruptcy filing the
largest in U.S. history.  Several other affiliates followed
thereafter.

Affiliates Merit LLC, LB Somerset LLC and LB Preferred Somerset
LLC sought for bankruptcy protection in December 2009.

The Debtors' bankruptcy cases are handled by Judge James M. Peck.
Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at
Weil, Gotshal & Manges, LLP, in New York, represent Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

Dennis F. Dunne, Esq., Evan Fleck, Esq., and Dennis O'Donnell,
Esq., at Milbank, Tweed, Hadley & McCloy LLP, in New York, serve
as counsel to the Official Committee of Unsecured Creditors.
Houlihan Lokey Howard & Zukin Capital, Inc., is the Committee's
investment banker.

On Sept. 19, 2008, the Honorable Gerard E. Lynch of the U.S.
District Court for the Southern District of New York, entered an
order commencing liquidation of Lehman Brothers, Inc., pursuant
to the provisions of the Securities Investor Protection Act (Case
No. 08-CIV-8119 (GEL)).  James W. Giddens has been appointed as
trustee for the SIPA liquidation of the business of LBI.

The Bankruptcy Court approved Barclays Bank Plc's purchase of
Lehman Brothers' North American investment banking and capital
markets operations and supporting infrastructure for US$1.75
billion.  Nomura Holdings Inc., the largest brokerage house in
Japan, purchased LBHI's operations in Europe for US$2 plus the
retention of most of employees.  Nomura also bought Lehman's
operations in the Asia Pacific for US$225 million.

Lehman emerged from bankruptcy protection on March 6, 2012, more
than three years after it filed the largest bankruptcy in U.S.
history.  Lehman is set to make its first payment to creditors
under its $65 billion payout plan on April 17, 2012.

               International Operations Collapse

Lehman Brothers International (Europe), the principal UK trading
company in the Lehman group, was placed into administration,
together with Lehman Brothers Ltd, LB Holdings PLC and LB UK RE
Holdings Ltd.  Tony Lomas, Steven Pearson, Dan Schwarzmann and
Mike Jervis, partners at PricewaterhouseCoopers LLP, have been
appointed as joint administrators to Lehman Brothers
International (Europe) on Sept. 15, 2008.  The joint
administrators have been appointed to wind down the business.

Lehman Brothers Japan Inc. and Lehman Brothers Holdings Japan
Inc. filed for bankruptcy in the Tokyo District Court on
Sept. 16.  Lehman Brothers Japan Inc. reported about JPY3.4
trillion (US$33 billion) in liabilities in its petition.


PHI INC: S&P Lowers CCR to 'B' Amid Weak Industry Conditions
------------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on
Lafayette, La.-based helicopter service provider PHI Inc. to 'B'
from 'BB-'.  The outlook is negative.

At the same time, S&P lowered its issue-level rating on the
company's senior unsecured debt to 'B' from 'BB-'.  The recovery
rating on the debt remains '3', indicating S&P's expectation of
meaningful (50%-70%, rounded estimate: 50%) recovery in the event
of default.

"The downgrade reflects our revised assessment of PHI's financial
risk profile based on assumptions for lower utilization and lower
pricing as helicopter service providers continue to experience
weakness in the offshore oil and gas segment," said S&P Global
Ratings credit analyst Kevin Kwok.

The negative outlook reflects S&P's view that PHI's leverage could
increase and remain above levels it views as appropriate for the
current rating.  This would most likely occur if revenue and
margins weaken further from our forecasts as the offshore oil and
gas sector continues to experience a decline in activity and
related spending.

S&P could lower the rating if PHI's cash flow generation weakened
below S&P's current expectations, such that FFO to debt remained
well below 12% or if S&P no longer viewed liquidity as adequate.
This could occur due to further weakness in the offshore oil and
gas segment beyond S&P's current expectations, or if the air
medical segment was unable to secure new long-term contracts.

S&P could raise the rating if PHI improved FFO to debt above 12% on
a sustained basis.  Given S&P's current outlook for the offshore
oil and gas sector and the company's current credit metrics, it do
not anticipate an upgrade in the next 12 months.


POWELL VALLEY: Wants Exclusivity Moved as Plan Deal Reached
-----------------------------------------------------------
Powell Valley Health Care, Inc. filed with the U.S. Bankruptcy
Court for the District of Wyoming a fifth motion seeking an
extension of its exclusive plan filing period through April 10,
2017, and its exclusive solicitation period through June 10, 2017.

The Debtor informed the Court and parties-in-interest that after
extensive talks, it has negotiated with the Unsecured Creditors
Committee, various Tort Claimants and the Powell Hospital District
final terms for a consensual plan and the parties are in the
process of drafting the Disclosure Statement, Plan and related Plan
documents.

The Debtor expects those documents to be completed and filed within
the 30 days.

A day before the Debtor filed its 5th Exclusivity Motion, Judge
Cathleen Parker on March 9 entered an order extending the Debtor's
exclusive plan filing period through March 10, and its exclusive
right to solicit acceptances of that plan through May 10.

         About Powell Valley Health Care, Inc.

Powell Valley Health Care, Inc. provides healthcare services to the
greater-Powell, Wyoming community.  The Company filed for Chapter
11 bankruptcy protection (Bankr. D. Wyo. Case No. 16-20326) on May
16, 2016.  The petition was signed by Michael L. Long, CFO.  The
case is assigned to Judge Cathleen D. Parker.  The Debtor estimated
assets and debts at $10 million to $50 million at the time of the
filing.

The Debtor is represented by Bradley T. Hunsicker, Esq., at Markus
Williams Young & Zimmermann LLC.  The Debtor has retained Hammond
Hanlon Camp, LLC as its financial advisor and investment banker.

The United States Trustee appointed Larry Heiser, Veronica
Sommerville, Michelle Oliver, and Joetta Johnson to serve on the
Official Committee of Unsecured Creditors.  The Creditors'
Committee tapped Spencer Fane LLP as counsel and EisnerAmper LLP as
its Accountant.

No trustee or examiner has been appointed in the case.


PREMIERE GLOBAL: S&P Affirms 'B' CCR on Proposed Loan Add-On
------------------------------------------------------------
S&P Global Ratings affirmed its 'B' corporate credit rating on
Atlanta-based Premiere Global Services Inc.  The outlook is stable.


S&P also affirmed its 'B' issue-level rating, with a recovery
rating of '3', on the company's $550 million first-lien term loan
($528 million remaining balance), which is being upsized by
$140 million to $668 million, due in 2021, and $50 million
revolving credit facility maturing in 2020.  The '3' recovery
rating indicates S&P's expectation for meaningful (50%-70%; rounded
estimate: 65%) recovery in the event of a payment default.

Proceeds from the upsized term loan and $70 million add-on to its
senior secured second-lien term loan (unrated) will be used to fund
a $145 million dividend to shareholders, repay $25 million of
seller notes, repay $35 million under its revolving credit
facility, and related fees and expenses.

"The ratings affirmation reflects our expectation that PGi will
decrease leverage to the low- to mid-5x area by the end of 2017
from about 5.5x pro forma for the transaction, which is below our
6.5x downgrade trigger," said S&P Global Ratings credit analyst
William Savage.

S&P expects the improvement to come primarily from modest debt
amortization and low- to mid-single-digit percentage EBITDA growth
driven by continued cost-saving initiatives that have helped
increase cash flow as the company's core audio conferencing
business continues to decline.

The stable outlook reflects S&P's expectation that PGi will
continue to offset core revenue declines with additional
cost-cutting measures.  S&P expects the company will maintain
adjusted leverage in the low- to mid-5x area over the next 12
months.


PUERTO RICO: Governor Want to Improve, Not Destroy PREPA
--------------------------------------------------------
The American Bankruptcy Institute, citing Nick Brown of Reuters,
reported that Puerto Rico Governor Ricardo Rossello said he does
not want to "destroy" the pending debt restructuring deal for the
island's ailing power utility, but wants to "get a better one" as
the U.S. territory's fiscal situation worsens.

According to the report, Mr. Rossello said in an interview that he
was invited to Washington for a U.S. congressional hearing on March
22 to discuss the fate of Puerto Rico Electric Power Authority,
also known as PREPA.

The new governor said he is aware that his unwillingness to
rubber-stamp the existing deal, whereby PREPA's creditors would
take a 15 percent cut on their $8 billion in debt, has vexed
stakeholders who thought they were close to a resolution, but
Puerto Rico's financial picture has deteriorated since the deal was
first struck, the governor said, adding that he is willing to
renegotiate within the existing framework, the report related.

"If I didn't care, I would have just blown the deal up," Mr.
Rossello told Reuters. "I'm not here to destroy a deal, I'm here to
get a better one, based on the reality that things have changed."

Reuters pointed out that PREPA's fate is one of the most
contentious issues on an island facing $70 billion in debt.  It was
a focal point at a public meeting in New York of the island's
federally appointed financial oversight board, the report related.

During the meeting, the oversight board approved Rossello's revised
blueprint to steer the island out of economic crisis, the report
said.  The board voiced support for Rossello's efforts to extract
deeper concessions from PREPA creditors, the report further
related.  They have grumbled privately that his opposition to the
deal is political since it dates back more than a year to his
predecessor's time in office, the report added.


QUALITY FLOAT: Hearing on Plan & Disclosures Set for April 25
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois
will hold on April 25, 2017, at 10:00 a.m. a hearing to consider
the adequacy of the disclosure statement filed by Quality Float
Works, Inc., and confirmation of the Debtor's plan of
reorganization.

Objections to the Disclosure Statement and the Plan must be filed
by April 11, 2017.

Ballots accepting or rejecting the Plan must be filed by April 18,
2017.  The Debtor will file a ballot report by April 21, 2017.

The Debtor filed an amended disclosure statement describing its
second modified Chapter 11 plan of reorganization, dated Feb. 23,
2017.

The second modified Plan amends the compensation to be given to
post-confirmation managers of the Debtors.  In the second modified
Plan, the post-confirmation managers and their gross compensation
are as follows:

   Sandy Westlund-Deenihan   President  Year 1: $52,000
                                        Year 2: $59,000
                                        Year 3: $61,825
                                        Year 4: $64,650

   Jason W. Speer        Vice President Year 1: $78,000
                         /Treasurer     Year 2: $87,500
                                        Year 3: $91,500
                                        Year 4: $95,250

In the first Plan, the post-confirmation managers and their gross
compensation are as follows:

   Sandy Westlund-Deenihan   President  Year 1: $65,000
                                        Year 2: $73,250
                                        Year 3: $76,662
                                        Year 4: $79,950

   Jason W. Speer        Vice President Year 1: $65,000
                         /Treasurer     Year 2: $73,250
                                        Year 3: $76,662
                                        Year 4: $79,950

The plan proposes to pay undersecured creditors 25% of their
allowed claims pro rata on a quarterly basis for five years.  

The TCR previously reported that general unsecured creditors will
also get 25% of their allowed claims pro rata on a quarterly basis
for five years.

The Debtor believes that it will have enough cash on hand on the
effective date of the plan to pay all the claims and expenses that
are entitled to be paid on that date.

The Amended Disclosure Statement is available at:

         http://bankrupt.com/misc/ilnb16-25753-113.pdf

                  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.


RABBE FARMS: Court Extends Time to Confirm Plan Through May 29
--------------------------------------------------------------
Judge Kathleen H. Sanberg has extended the time within which Rabbe
Farms LLP, et al. may seek confirmation of a plan of reorganization
through May 29, 2017.

As reported in the January 13, 2017 edition of The Troubled Company
Reporter, the Debtors related at the time they filed the extension
request that they have executed a global settlement with Farmers
State Bank of Trimont and another plan treatment agreement with
North Country Seed, LLC.  The Debtors disclosed that the terms of
the settlement and Farmers State Bank's ability to bind various
loan participants are the subject of three appeals currently
pending before the District Court for the District of Minnesota:

     (1) Farmers State Bank of Trimont v. Rabby Farms LLP, et al.,
         Case No. 16-03896-PJS;

     (2) First Farmers & Merchants National Bank v. Rabbe Farms
         LLP, et al., Case No. 16-3898-PJS; and

     (3) United Prairie Bank v. Rabbe Farms LLP, et al., Case No.
         16-3902-PJS.  Briefing on the appeals was slated to be
         completed by early March 2017 and the district court has
         set a hearing date for March 22, 2017. The Debtor
         contended that the outcome of these appeals will have a
         material effect on their plans and disclosure statements.

Rabbe Farms LLP has filed with the Bankruptcy Court a separate
fifth amended disclosure statement and plan of liquidation, dated
Jan. 13, 2017, under which Class 7 consists of the allowed
unsecured claim of Farmers State Bank of Trimont (FSB) in the
amount of $3,000,000.  A full-text copy of Fifth Amended Disclosure
Statement is available at:

       http://bankrupt.com/misc/mnb15-33479-307.pdf  

The March 3, 2017 edition of The TCR has reported that the U.S.
Bankruptcy Court for the District of Minnesota will consider
approval of the Debtor's Chapter 11 plan on April 6, at 9:30 p.m.

The court had earlier approved the companies' disclosure statement,
allowing them to start soliciting votes from creditors.  

The Feb. 23 order required voting creditors to file the ballots
accepting or rejecting the plan five days prior to the hearing.
Objections must be filed at least seven days before the hearing.

                    About Rabbe Farms LLP

Headquartered in Ormsby, Minnesota, Rabbe Farms LLP, dba Rabbe
Grain Co., dba Rabbe Grain Elevator, filed for Chapter 11
bankruptcy protection (Bankr. D. Minn. Case No. 15-33479) and
affiliates Rabbe Ag Enterprises General Partnership (Bankr. D.
Minn. Case No. 15-33481) and North Country Seed, LLC (Bankr. D.
Minn. Case No. 15-33482) filed separate Chapter 11 bankruptcy
protection on Sept. 29, 2015.  The petitions were signed by Joel
Rabbe, general partner.

Judge Kathleen H Sanberg presides over the cases.  The Debtors are
represented by Ralph Mitchell, Esq., at Lapp Libra Thomson
Stoebner & Pusch.

Rabbe Farms estimated its assets at between $1 million and $10
million and liabilities at $10 million to $50 million.

Rabbe Ag Enterprises estimated its assets at $0 to $50,000 and
liabilities at $500,000 to $1 million.

North Country Seed estimated its assets at $0 to $50,000 and
liabilities at $1 million to $10 million.


RED RIVER: Has Interim OK To Use MidSouth Bank's Cash Collateral
----------------------------------------------------------------
The Hon. Jeffrey P. Norman of the U.S. Bankruptcy Court for the
Western District of Louisiana has granted Red River South
Enterprises, LLC, interim authorization to use cash collateral.

A final hearing on the continued cash collateral use will be held
on April 4, 2017, at 10:00 a.m.

The Debtor filed on Feb. 24, 2017, a motion seeking the Court's
permission to use cash collateral.

On Oct. 6, 2016, the Court entered an interim order, and the Debtor
has used Mid-South Bank, NA.'s cash collateral pursuant to the
terms and conditions thereof.

By agreement of MidSouth Bank and Debtor, the final hearing for
authority to use cash collateral was fixed for hearing on Feb. 28,
2017.  

                     About Red River South

Red River South Enterprises, LLC, based in Shreveport, La.,
filed a Chapter 11 petition (Bankr. W.D. La. Case No. 16-11226) on
July 21, 2016.  The Hon. Jeffrey P. Norman presides over the
case. Robert W. Raley, Esq. serves as bankruptcy counsel.

At the time of filing, the Debtor estimated $500,000 to $1 million
in assets and $1 million to $10 million in liabilities. The
petition was signed by Leon S. Miletello, Jr., managing member -
Single Member LLC.


RESCUE ONE: May Use IRS's Cash Collateral Until March 31
--------------------------------------------------------
The Hon. Neil W. Bason of the U.S. Bankruptcy Court for the Central
District of California has approved the second stipulation for
adequate protection and Rescue One Ambulance, a California
Corporation's use of cash collateral.

The Debtor may use the cash collateral of Internal Revenue Service
-- which filed a proof of claim in the total amount of $1,411,821,
comprised of a secured claim in the amount of $686,906, an
unsecured priority claim of $721,008, and a general unsecured claim
in the amount of $3,907 -- through and including March 31, 2017.

Parties have discussed the use of cash collateral and have come to
a resolution.  The Debtor and the government agree to an extension
of the period of use of cash collateral for expenses in accordance
with the Debtor's budget on file with the Court, through and
including March 31, 2017.

Use of cash collateral may be renewed upon subsequent stipulation
with the U.S.

The Debtor will make monthly adequate protection payments to the
IRS of $1,700 on the 24th of each month.  The next payment is due
March 24, 2017.  Payments will continue on a monthly basis until
the effective date of a confirmed plan.

All payments made under this Stipulation will be deemed paid on the
date received.  All amounts paid pursuant to the Stipulation will
be credited against the prepetition secured tax liabilities of the
Debtor or to post-petition interest thereon, at the IRS'
discretion.

A copy of the Second Stipulation is available at:

           http://bankrupt.com/misc/cacb17-10002-67.pdf

The Court previously entered on Feb. 22, 2017, a final order
granting the Debtor authorization to use cash collateral for
payroll and operating expenses.

A copy of that order is available at:

          http://bankrupt.com/misc/cacb17-10002-64.pdf

As reported by the Troubled Company Reporter on Jan. 16, 2017, the
Debtor sought authorization from the Court for the emergency use of
the cash collateral.  The Debtor's recent operating results and
future projections indicate that it will continue and improve over
the next year, providing ample adequate protection to the interest
of the IRS.  Nonetheless, the Debtor agrees to make adequate
protection payments to the IRS while the Debtor formulates its
Chapter 11 Plan of reorganization.

                   About Rescue One Ambulance

Rescue One Ambulance owns and operate Rescue One Ambulance which is
located at 15540 Texaco Avenue, Paramount, California.  

Rescue One Ambulance filed a Chapter 11 petition (Bankr. C.D. Cal.
Case No. 17-10002) on Jan. 1, 2017.  The petition was signed by
Andrew Boulos, president.  The case is assigned to Judge Barry
Russell.  The Debtor is represented by Michael Jay Berger, Esq. at
the Law Offices of Michael Jay Berger.  At the time of filing, the
Debtor estimated assets at $100,000 to $500,000 and liabilities at
$1 million to $10 million.

Rescue One Ambulance had a previously filed for Chapter 11
bankruptcy (Bankr. C.D. Cal. Case No. 16-12012) on Feb. 18, 2016,
which was dismissed on Dec. 16, 2016.


RICHARD PHILLIPS: Wants to Market and Sell Austin Property
----------------------------------------------------------
Richard Mark Phillips asks the U.S. Bankruptcy Court for the
Western District of Texas to authorize him and his non-debtor wife
Nancy Lopez Phillips to market and sell their interests in a house,
lot and boat slip, located at 4805 Precipice Cove, Austin, Texas.

The Debtor and Mrs. Phillips are the owners of the Property.  The
Property is valued by the Travis County Appraisal District at
$3,209,453.  Mrs. Phillips claims the Property as her exempt
homestead under Texas law, and the Debtor has also claimed the
Property as exempt under Texas law; that exemption, however, will
not be final until March 23, 2017, 30 days after the conclusion of
the Section 341 Creditors Meeting in the case, assuming no
objection to the claim of exemption is filed.  The Debtor's
interest in the Property is, therefore, property of the estate as
of the filing of the Motion to Sell.

The Property is subject to these liens: (i) a first priority
statutory lien in favor of Travis County securing 2017 ad valorem
taxes, estimated at $45,000, based on amount of the prior year's
taxes; (ii) a deed of trust lien in favor of First Lockhart
National Bank ("FLNB"), securing a mortgage of approximately
$1,397,394 as of the Petition Date; and (iii) a federal tax lien
securing income and other taxes of approximately $1,192,928.

Based on the foregoing, the Phillips have equity in the Property of
approximately $574,000.

The Phillips desire to market and sell Mrs. Phillips' interest and
the interests of the Debtor and/or his estate in the Property.
Mrs. Phillips has agreed to consent to the sale of her interest,
and to waive the procedures of Part VII of the Federal Rules of
Bankruptcy Procedure governing adversary proceedings in bankruptcy
cases.

To maximize the exposure to the market that the Property gets, it
is critical that it be made available promptly and often, whenever
the broker has a potential buyer who wants to view it.  The Debtor
believes that it will aid in finding and retaining a broker to list
the Property, if the Court orders the parties--he and Mrs.
Phillips--to cooperate in the listing, marketing, showing and sale
of the Property.

The Debtor asks the Court to enter an order (a) authorizing the
marketing and sale of the Debtor's, his estate's and Mrs. Phillips'
interests in the Property, free and clear of all liens, claims and
encumbrances, with the liens of FLNB and the Internal Revenue
Service and any other valid liens or encumbrances attaching to the
proceeds of the sale, to be paid at closing, along with all
reasonable and customary closing costs, commissions and pro-rated
ad valorem taxes; (b) requiring that the exact terms of such sale
pursuant to an earnest money contract accepted by either or both
the Phillips, as well as the disposition of the proceeds of the
sale, be subject to further approval of the Court; (c) ordering
each of the Phillips to cooperate in the listing, marketing,
showing and sale of the Property; and (d) granting the Debtor such
other and further relief as to which he may show himself justly
entitled.

Counsel for the Debtor:

          B. Weldon Ponder, Jr., Esq.
          4408 Spicewood Springs Road
          Austin, TX 78759
          Telephone: (512) 342-8222
          Facsimile: (512) 342-8444
          E-mail: welpon@austin.rr.com

Richard Mark Phillips sought Chapter 11 protection (Bankr. W.D.
Tex. Case No. 17-10068) on Jan. 18, 2017.  The Debtor tapped B.
Weldon Ponder, Jr., Esq., as counsel.


RITA RESTAURANT: Wants More Time to Confirm Plan Through May 5
--------------------------------------------------------------
Rita Restaurant Corp., et al., ask the U.S. Bankruptcy Court for
the Western District of Texas to extend their exclusive right to
solicit acceptances of a Chapter 11 plan through May 5, 2017.

Absent an extension, the Debtors' exclusive solicitation period is
slated to expire on April 3.

The Debtors relate that, in consultation with the Official
Committee of Unsecured Creditors, they have diligently worked to
evaluate their ability to repay their creditors and to propose a
reorganization of their business to repay their debts and emerge
from chapter 11 bankruptcy. To that end, the Debtors: (1) have
obtained Court approval for the Plan Support Agreement they entered
into with the Committee; (2) the Debtors filed their Joint Plan of
Reorganization under Chapter 11 of the Bankruptcy Code;  and their
Disclosure Statement within the exclusive period for them to do so
under Section 1121 of the Bankruptcy Code; and (3) have obtained
Court approval to distribute the Disclosure Statement and to
solicit acceptances of the Plan. An April 12, 2017 hearing is
currently scheduled for the confirmation of the Plan.

Since the Court approved the Disclosure Statement for distribution,
the Debtors reveal that they have commenced solicitation and have
already begun to receive feedback on the Plan from the creditors in
the cases.

The Debtors assert that the size and complexity of their cases and
the length of the time their cases have been pending warrant the
requested extension.

"At this time, we have largely completed restructuring the
restaurant footprint but continue to review and analyze their
restaurant operations. If exclusivity terminates and competing
Chapter 11 plans are filed, resources and energy will necessarily
be diverted from negotiating consensus behind the Plan to
prosecuting and defending competing Chapter 11 plans," the Debtors
said.

                    About Rita Restaurant Corp.

Rita Restaurant Corp. and its affiliates operate full service,
casual dining restaurants, consisting of 16 Don Pablo's Mexican
Kitchen restaurants and 1 Hops Grill and Brewery restaurant,
located in 10 states in the United States.

Don Pablo's is a chain of Tex-Mex restaurants founded in Lubbock,
Texas in 1985.  The menu features Tex-Mex items, salsa, tortillas
and sauces and a range of other Mexican specialties.  At one time,
the chain had as many as 120 location throughout the United States
making it the second largest full service Mexican restaurant chain
in the United States during the late 1990s.

Hops is a casual dining restaurant that offers fresh, made from
scratch menu items in a relaxed atmosphere featuring signature
dishes that are created from high-quality, fresh ingredients,
prepared in a display style kitchen that allows the customer to
view the cooking process.

Rita Restaurant Corp., Don Pablo's Operating, LLC, and Hops
Operating, LLC, sought Chapter 11 protection (Bankr. W.D.
Tex. Case Nos. 16-52272, 16-52274, and 16-52275, respectively)
on Oct. 4, 2016.  The petitions were signed by Peter Donbavand,
vice-president.  The cases are assigned to Judge Ronald B. King.

The Debtors are represented by John E. Mitchell, Esq. and David W.
Parham, Esq. at Akerman LLP.

At the time of the filing, Rita Restaurant and Don Pablo's
estimated assets and liabilities at $1 million to $10 million,
while Hops Operating estimated assets at $500,000 to $1 million and
liabilities at $1 million to $10 million.

On October 14, 2016, the U.S. Trustee appointed an official
committee of unsecured creditors in the case.


ROBERT HILL PC: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: The Law Offices of T. Robert Hill P.C.
           f/k/a Hill Boren PC
        1269 N. Highland Avenue
        Jackson, TN 38301
        Website: www.hillboren.com

Case No.: 17-10597

Business Description: The Company is a small business debtor as
                      defined in 11 U.S.C. Section 101(51D).
                      Its aggregate noncontingent liquidated debts
                      (excluding debts owed to insiders or
                      affiliates) are less than $2,566,050 (amount
                      subject to adjustment on 4/01/19 and every 3
                      years after that).  The Company had gross
                      revenue of $1.62 million in 2016 and gross
                      revenue of $1.97 million in 2015.

Chapter 11 Petition Date: March 15, 2017

Court: United States Bankruptcy Court
       Western District of Tennessee (Jackson)

Judge: Hon. Jimmy L Croom

Debtor's Counsel: David Phillip Canas, Esq.
                  Phillip G. Young, Jr., Esq.
                  THOMPSON BURTON PLLC
                  One Franklin Park
                  6100 Tower Circle, Suite 200
                  Franklin, TN 37067
                  Tel: 615-465-6019
                  Email: david@thompsonburton.com
                         phillip@thompsonburton.com

Total Assets: $6.45 million

Total Liabilities: $185,691

The petition was signed by Robert T. Hill, Jr., CEO/president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at:

               http://bankrupt.com/misc/tnwb17-10597.pdf


SANMINA CORP: S&P Hikes CCR to 'BB+' on Improved Business Risk View
-------------------------------------------------------------------
S&P Global Ratings said it raised its corporate credit rating on
San Jose, Calif.-based Sanmina Corp. to 'BB+' from 'BB'.  The
outlook is stable.

At the same time, S&P raised its issue-level ratings on the
company's secured notes to 'BBB-' from 'BB+'.  The recovery rating
remains '2' and reflects S&P's expectation for substantial recovery
(70% to 90%, rounded estimate: 80%) in the event of payment
default.

"The upgrade reflects our improved view of Sanmina's business
relative to competitors in the EMS industry and relative to other
rated hardware and semiconductor companies of similar scale," said
S&P Global Ratings credit analyst Christian Frank.

Benchmark Electronics Inc. and Celestica Inc. are rated 'BB', and
S&P believes Sanmina's business supports a favorable one-notch
difference.  Flex Ltd. and Jabil Circuit Inc. are rated 'BBB-',
and, although S&P views them as having stronger businesses, it now
believes that this view supports only a one-notch difference rather
than the previous two-notch difference.  The rating also reflects
leverage of 1x, and Sanmina's highly competitive and cyclical
industry conditions and meaningful client concentration, partly
offset by its focus on high-margin, low-volume market segments and
good recent operating performance.  The upgrade of the secured
notes reflects S&P's notching criteria, driven by the combination
of its recovery rating (which is unchanged) and the corporate
credit rating (which is now one notch higher).

The stable outlook incorporates S&P's view that Sanmina's market
position and customer relationships will allow it to deliver
consistent operating performance, and that there is good cushion to
S&P's downside leverage threshold to absorb a modest operating
downturn.



SCOTT A. BERGER: Court Allows Use of Cash Collateral Until April 12
-------------------------------------------------------------------
Judge Erik P. Kimball of the U.S. Bankruptcy Court for the Southern
District of Florida authorized Scott A. Berger, M.D., P.A., to use
cash collateral on an interim basis until April 12, 2017.

Judge Kimball granted the secured creditor postpetition security
interest and lien, of the same validity, extent and priority as the
Secured Creditor's prepetition security interests in the
prepetition collateral, including all proceeds from the disposition
of any of the cash collateral, and any and all of its goods,
property, assets and interests in property in which the Secured
Creditor held a lien or security interest prior to the Petition
Date.

The Motion will be continued to a status conference on April 12,
2017 at 2:00 p.m.

A full-text copy of the Agreed Fifth Interim Order, dated March 7,
2017, is available at https://is.gd/QAlLGv

                    About Scott A. Berger, M.D.

Scott A. Berger, M.D., P.A., a/k/a Pain Management Consultants of
South Florida, a/k/a Pain Management Consultants of West Boca, is
based at 9970 Central Park Blvd #401, Boca Raton, Florida.

Scott A. Berger, M.D., P.A., filed for Chapter 11 bankruptcy
protection (Bankr. S.D. Fla. Case No. 16-19155) on June 29, 2016.
The petition was signed by Scott A. Berger, MD, director.  The
Debtor is represented by Tarek K. Kiem, Esq., at Rappaport Osborne
Rappaport & Kiem, PL.  The case is assigned to Judge Erik P.
Kimball.  The Debtor estimated assets at $100,000 to $500,000 and
debt at $1 million to $10 million at the time of the filing.


SERVICE WELDING: Has Nod to Use Stock Yards' Cash Collateral
------------------------------------------------------------
The Hon. Alan C. Stout of the U.S. Bankruptcy Court for the Western
District of Kentucky has granted Service Welding & Machine Company,
LLC, permission to use cash collateral and to provide adequate
protection to Stock Yards Bank & Trust Company.

A copy of the court order is available at:

           http://bankrupt.com/misc/kywb17-30485-25.pdf

As reported by the Troubled Company Reporter on March 10, 2017, the
Debtor sought court authorization to use the cash collateral on an
interim basis through March 17, 2017, and provide adequate
protection.

SYB has a claim against the Debtor arising from a revolving
promissory note dated July 8, 2013, in the original principal
amount of $500,000 and as modified on Aug. 21, 2014, increasing the
principal balance to $609,967.  SYB also has a claim against the
Debtor arising from a line of credit dated July 8, 2013, in the
original principal amount of $700,000.  The Loan matured by its
terms on July 8, 2015.  The Loan is guaranteed in its payment and
performance by Jeff Androla, Doug Voet, and Jim St. Clair.  At the
time of the bankruptcy filing, the amount of the SYB's claim under
the Loan was approximately $786,972.

The Debtor estimates the going concern value of the SYB's claimed
collateral is approximately $308,000.

The Debtor has provided a budget which has been approved by the
Court and provides that the anticipated collection on accounts
receivable for the term of the court order is an amount not less
than $123,558.  Should the Debtor's collections on accounts
receivable fall short of projected amount, the cash collateral
creditor will be entitled to the difference between projected
amount and the actual collected amount for the term of the court
order provided, however, that cash collateral creditor will be
entitled to a maximum payment of $11,497.00 for the term of this
court order.  It being expressly intended that cash collateral
Creditor is entitled to no payment if collected amount meets or
exceeds projected amount.

For the Debtor-In-Possession's use of both prepetition and
post-petition accounts receivable in its ordinary course of
business.

The cash collateral creditor will have, as adequate protection for
its claims of security for the use of the accounts receivable as
cash collateral of the Debtor, a security interest in:

       i. a continued security interest in and to all prepetition
          accounts receivable of the Debtor;

      ii. a security interest in and to all postpetition accounts
          receivable of the debtor in possession and proceeds
          thereof;

     iii. a security interest in the inventory of the Debtor and
          the Debtor In Possession and the proceeds thereof; and

     iv. the difference, if any, between the collected amount and
          the projected amount only if the collected amount does
          not meet or exceed the Projected Amount and only for a
          maximum payment of $11,497.00 for the term of the court
          order.

              About Service Welding & Machine Company

Service Welding & Machine Company, LLC, based in Louisville, KY,
engages in the sale and installation of single and double wall
storage tanks for a variety of industries including petroleum,
chemical, distillery, potable water, industrial, and
food/agriculture.  Service Tanks was established in 1928 and was
primarily manufacturing storage tanks and doing repair work.
In 2013, the owners sold the business to Jeff Androla, president,
and two other investors.

The Debtor filed a Chapter 11 petition (Bankr. W.D. Ky. Case No.
17-30485) on Feb. 17, 2017.  The Hon. Joan A. Lloyd presides over
the case.  In its petition, the Debtor estimated $516,432 in assets
and $2.12 million in liabilities.  The petition was signed by Jeff
Androla, president.  Charity B. Neukomm, Esq., at Kaplan & Partners
LLP, serves as bankruptcy counsel to the Debtor.


SERVICEBURY LLC: Can Use East Boston Savings Bank Cash Collateral
-----------------------------------------------------------------
Judge Frank J. Bailey of the U.S. Bankruptcy Court for the District
of Massachusetts authorized Servicebury, LLC, to use East Boston
Savings Bank cash collateral on the same terms and conditions as
previously allowed.

East Boston Savings Bank is the present holder of the sole lien on
all of the Debtor's real estate.

The Debtor will use the cash collateral in the ordinary course of
business to pay for the expenses provided for in its proposed
budget, and for the purpose of providing adequate protection to
East Boston Savings Bank.  The Debtor's proposed Budget covered the
period from January through May.  The Budget provided for total
expenses in the amount of $14,639, which includes payment for
insurance in the amount of $714 and UST Fees in the amount of
$325.

A copy of the Order dated March 2, 2017, is available at

         
http://bankrupt.com/misc/mab16-14530_54_Cash_Servicebury.pdf

A copy of the previous Order, dated Jan. 4, 2017, is available for
free at:

          http://bankrupt.com/misc/Servicebury2016_1614530_19.pdf

                     About Servicebury LLC

Servicebury, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Mass. Case No. 16-14530) on Nov. 29,
2016.  The petition was signed by Nicholas Heras, manager.  The
case is assigned to Judge Frank J. Bailey.

At the time of the filing, the Debtor estimated assets at $1
million to $10 million and liabilities at $100,000 to $500,000.


SHAWERMA EXPRESS: Court Denies Approval of Disclosure Statement
---------------------------------------------------------------
Judge Brian F. Kenney of the U.S. Bankruptcy Court for the Eastern
District of Virginia held a hearing on February 28, 2017, and
denied approval of the disclosure statement explaining Shawerma
Express, Inc.'s Plan.

The judge also denied as moot the Debtor's motion to extend time to
file amended plan of reorganization and disclosure statement.

                 About Shawerma Express

Shawerma Express, Inc., filed a Chapter 11 bankruptcy petition
(Bankr. E.D. Va. Case No. 16-10936) on March 15, 2016, disclosing
under $1 million in both assets and liabilities. The Debtor tapped
John Paul Forest II, Esq., at Allred Bacon Halfhill & Young, PC, as
counsel.


SHIV LODGING: Has Final OK to Use Ciena Capital's Cash Collateral
-----------------------------------------------------------------
The Hon. Russell F. Nelms of the U.S. Bankruptcy Court for the
Northern District of Texas granted Shiv Lodging LLC on March 9,
2017, final authorization to use cash collateral of Ciena Capital
Funding, LLC.

Ciena Capital is claiming liens on the Debtor's personal property
including rents.  As such, the Debtor proposes to provide Ciena
Capital with postpetition liens, a priority claim in the Chapter 11
bankruptcy case, and cash flow payments.

As reported by the Troubled Company Reporter on Feb. 24, 2017, the
Debtor sought the Court's permission to use the cash collateral to
continue its ongoing operations of the Best Western Decatur Inn
located in Decatur, Texas.  The Debtor's proposed One-Month Budget
provides total operating expenses in the aggregate amount of
$27,997.

As adequate protection for the diminution in value of the interests
of the Secured Lender, the Secured Lender is granted replacement
liens and security interests the replacement liens granted to the
Secured Lender in this court order are automatically perfected
without the need for filing of a UCC-1 financing statement with the
Secretary of State's Office or any other act of perfection.  All
cash accounts of the Debtor and all accounts receivable collections
by the Debtor post-petition will be deposited in a separate cash
collateral account, being the Debtor's debtor-in-possession
accounts.

As adequate protection in accordance with Section 363(e) of the
Bankruptcy Code, the Debtor will pay to Ciena Capital on the 1st
day of the month the amount of $7,000 (which includes a tax escrow
of $3,000 per month for real and personal property taxes).  

Interim orders allowing the cash collateral use were entered on
Feb. 22 and Feb. 27.

                     About Shiv Lodging LLC

Shiv Lodging LLC, operator of the Best Western Decatur Inn in
Decatur, Texas, filed a Chapter 11 petition (Bankr. N.D. Tex. Case
No. 17-40470) on Feb. 6, 2017.  The petition was signed by Prakash
Patel, president.  The case is assigned to Judge Russell F. Nelms.

Joyce W. Lindauer, Esq., Sarah M. Cox, Esq., Jamie N. Kirk, Esq.,
and Jeffery M. Veteto, Esq., at Joyce W. Lindauer Attorney, PLLC,
serve as the Debtor's bankruptcy counsel.

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

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


SIGNAL BAY: Obtains $250K Financing from LG Capital and Adar Bays
-----------------------------------------------------------------
Signal Bay, Inc. entered into an 8% convertible promissory note
with LG Capital Funding, LLC in the amount of $125,000.  The
company received $118,750 and it was funded on March 7, 2017.

The Company can prepay the note based on the following schedule.

  Days Since Effective Date                 Prepayment Amount
  -------------------------             ------------------------
            0-90                        115% of Principal Amount
           91-180                       135% of Principal Amount

The Lender has the right at any time following an Event of Default,
at its election, to convert all or any part of the Outstanding
Balance into shares of fully paid and non-assessable common stock,
$0.0001 par value per share, of Borrower as per the following
conversion formula: the number of Conversion Shares equals the
amount being converted divided by the Conversion Price. The
conversion will be equal to (a) 65% of the lowest trading price of
the Company's common stock during the 15 consecutive trading days
prior to the date on which Holder elects to convert all or part of
the Note.

On March 2, 2017, Signal Bay entered into an 8% convertible
promissory note with Adar Bays, LLC in the amount of $125,000.  The
company received $118,750 and it was funded on March 7, 2017.

  Days Since Effective Date              Prepayment Amount
  -------------------------              -----------------
             0-90                     115% of Principal Amount
            91-180                    135% of Principal Amount

The Lender has the right at any time following an Event of Default,
at its election, to convert all or any part of the Outstanding
Balance into shares of fully paid and non-assessable common stock,
$0.0001 par value per share, of the Borrower as per the following
conversion formula: the number of Conversion Shares equals the
amount being converted divided by the Conversion Price. The
conversion will be equal to (a) 65% of the lowest trading price of
the Company's common stock during the 15 consecutive trading days
prior to the date on which Holder elects to convert all or part of
the Note.

                      Answers to Queries

The Company has received the following questions and felt it was
better to answer the questions through an 8-K instead emailing the
individuals directly.

(1)  Q: What is the status of the First Quarter Financials?
      A: The Company is working with our auditor to complete the
         10Q.

(2)  Q: What is the Company doing to ensure timely reporting in
         the future?
      A: The Company has hired a new controller who has
         significant experience working with public companies.    
         Furthermore, additional accounting resources have also   
         been hired to support the Company's future growth.

(3)  Q: When will the Company regain its OTCQB status?
      A: Upon the Company filing the 10Q for the 1st Quarter 2017,

         the OTC Markets should reinstate the Company back to
         OTCQB status.

(4)  Q: Has the Company experienced a reduction in revenues with
         the temporary testing rules in Oregon.
      A: No, the temporary testing rules have not negatively
         impacted its revenues.  These "temporary" rules have
         allowed for additional smaller producers and processors
         to participate in the market off-setting any reduction in

         testing volumes enacted by these rules.

                        About Signal Bay

Signal Bay, Inc. (OTCQB: SGBY) provides advisory, management and
analytical testing services to the emerging legalized cannabis
industry.

Signal Bay reported a net loss of $2.55 million on $560,961 of
total revenue for the year ended Sept. 30, 2016, compared with a
net loss of $1.45 million on $125,199 of total revenue for the year
ended Sept. 30, 2015.  As of Sept. 30, 2016, Signal Bay had $2.18
million in total assets, $2.59 million in total liabilities and a
total deficit of $407,001.


SPANISH BROADCASTING: Common Stock Delisted from NASDAQ
-------------------------------------------------------
The NASDAQ Stock Market LLC filed a Form 25 with the Securities and
Exchange Commission notifying the removal from listing or
registration of Spanish Broadcasting System Inc.'s commn stock on
the Exchange.

                   About Spanish Broadcasting

Headquartered in Coconut Grove, Florida, Spanish Broadcasting
System, Inc. (OTCQX:SBSAA) -- http://www.spanishbroadcasting.com/

-- owns and operates 21 radio stations targeting the Hispanic
audience.  The Company also owns and operates Mega TV, a television
operation with over-the-air, cable and satellite distribution and
affiliates throughout the U.S. and Puerto Rico.  Its revenue for
the twelve months ended Sept. 30, 2010, was approximately $140
million.

As of Sept. 30, 2016, Spanish Broadcasting had $451.7 million in
total assets, $569.4 million in total liabilities and a total
stockholders' deficit of $117.7 million.

                            *     *     *

As reported by the TCR on Feb. 1, 2016, Moody's Investors Service
downgraded Spanish Broadcasting System's Corporate Family Rating to
'Caa2' from 'Caa1', Probability of Default Rating to 'Caa3-PD' from
'Caa1-PD', and lowered its Speculative Grade Liquidity Rating to
SGL-4 from SGL-3.  Spanish Broadcasting's 'Caa2' Corporate Family
Rating and Caa3-PD Probability of Default Rating reflect very high
debt+preferred stock-to-EBITDA of 10.4x estimated for LTM December
2015 (including Moody's standard adjustments, 6.9x excluding
preferred stock and accrued dividends), the need to address the
Voting Rights Triggering Event, and the heightened potential of a
payment default given the near term maturity of the 12.5% senior
secured notes due April 2017.

The TCR reported on Feb. 20, 2017, that S&P Global Ratings  lowered
its corporate credit rating on U.S. Spanish-language broadcaster
Spanish Broadcasting System Inc. (SBS) to 'CCC-' from 'CCC'.  The
rating outlook is negative.  "The downgrade reflects our view that
it's unlikely that SBS was able to raise enough proceeds from the
recent spectrum auction to repay its 12.5% notes due April 2017,"
said S&P Global Ratings' credit analyst Scott Zari.


SUNGEVITY INC: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

      Debtor                                       Case No.
      ------                                       --------
      Sungevity, Inc.                            17-10561
      66 Franklin Street, Suite 310
      Oakland, CA 94607

      Sungevity SD, LLC                            17-10562

      Sungevity Development, LLC                   17-10563

      Sungevity International Holdings, LLC        17-10564

Business Desription: Sungevity -- www.sungevity.com -- is a
                     technology company whose platform enables the
                     sale and installation of solar energy systems
                     to residential and commercial customers in
                     the United States and internationally.
                     Sungevity serves customers in 14 U.S. states
                     and the District of Columbia, as well as in
                     the Netherlands, Belgium, Germany and the
                     United Kingdom.  The Company's asset-light
                     business model focuses on value-added in-
                     house services for software platform
                     development, project management and customer
                     experience; this focus is enabled by a
                     strong, scalable network of third-party
                     providers for asset-intensive and/or lower
                     margin provision of hardware, installation
                     services and financing.   

Chapter 11 Petition Date: March 13, 2017

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

Judge: Hon. Laurie Selber Silverstein

Debtors'
Bankruptcy
Counsel:         Jonathan I. Levine, Esq.
                 Jennifer L. Marines, Esq.
                 Melissa A. Hager, Esq.
                 Erica J. Richards, Esq.
                 MORRISON & FOERSTER LLP
                 250 West 55th Street
                 New York, New York 10019
                 Tel: (212) 468-8000
                 Fax: (212) 468-7900
                 Email: jonlevine@mofo.com
                        jmarines@mofo.com
                        mhager@mofo.com
                        erichards@mofo.com

Debtors'
Local
Counsel:         M. Blake Cleary, Esq.
                 Jaime Luton Chapman, Esq.
                 Kenneth A. Listwak, Esq.
                 YOUNG CONAWAY STARGATT & TAYLOR, LLP
                 Rodney Square
                 1000 North King Street
                 Wilmington, Delaware 19801
                 Tel: (302) 571-6600
                 Fax: (302) 571-1253
                 Email: mbcleary@ycst.com
                        jchapman@ycst.com
                        klistwak@ycst.com

Debtors'
Financial
Advisor:         ALIXPARTNERS, LLC

Debtors'
Investment
Banker:          DUCERA SECURITIES LLC

Debtors'
Claims &
Noticing
Agent:           KURTZMAN CARSON CONSULTANTS LLC

Estimated Assets: $100 million to $500 million

Estimated Debts: $100 million to $500 million

The petition was signed by Andrew Birch, chief executive officer.

Consolidated List of Debtors' 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
Eastern Sun Capital Partners, LLC    Convertible        $4,450,000
40 Rowes Wharf                          Notes
Boston, MA 02110
Ramsay Ravenel
Tel: 617-880-8941
Email: rravenel@easternsuncapital.net

Trina Solar (U.S.) Inc.             Trade Payables      $4,200,924
100 Century Center Court, #501
San Jose, CA 95112
John Gann
Tel: 408-459-6709
Fax: 800-696-0166

SolarEdge Technologies, Inc.        Trade Payables      $2,873,762
3347 Gateway Blvd.
Fremont, CA 94538
David Seiler
Tel: 415-720-8975
Fax: 510-353-1895

Mario Palumbo                      Convertible Notes    $2,100,000
C/O Millennium Partners
1995 Broadway 3rd FL
New York, NY 10023
Tel: 212-875-4905
Fax: 212-595-1831
Email: Mpalumbo@millenniumptrs.com

Orrick, Harrington & Sutcliffe LLP   Trade Payables     $1,851,432
Dept 34461
P.O. Box 39000
San Francisco, CA 94139
Andrew D. Thorpe
Tel: 415-773-5970
Fax: 415-773-5759
Email: athorpe@orrick.com

CCM Solar, LLC                      Convertible Notes   $1,500,000
1730 Massachusetts Ave., N.W.
Washington, D.C. 20005
Josh Green; Alla Jezmir
Tel: 202-315-2407; 202-315-2411
Email: Jgreen@ccmgroupllc.com
       ajezmir@ccmgroupllc.com
       jgreen@ccmusllc.com
       ajezmir@ccmusllc.com

Lowe's Companies, Inc.                Trade Payables    $1,028,475
Attn: Product Accounting
Program Administration
Mailcode: NB4PA
Mooresville, NC 28117
Gary Gross
Tel: 704-758-2198
Fax: 704-757-0576

SharesPost 100 Fund                 Convertible Notes   $1,000,000
101 Jefferson Dr.
Menlo Park, CA 94025
Sven Weber
Tel: 650-492-6878
Fax: 650-492-6871
Email: sweber@sharespost.com

Stephen R. Polk Rev TR              Convertible Notes   $1,000,000
U-A-D 2-17-84
260 E. Brown St., Ste. 340
Birmingham, MI 48009
Tel: 248-385-5282
Fax: 804-648-0395
Email: spolk@highgatellc.com

Dinwoodie Meservey Family Trust     Convertible Notes   $1,000,000
934 Kingston Ave.
Piedmont, CA 94611
Tom Dinwoodie
Tel: 510-654-5118
Email: tdinwoodie@gmail.com

MHA Trust, LLC                      Convertible Notes     $900,000
c/o Marianne Brakora
Interlaken Capital LLC
261 E. Maple Rd.
Birmingham, MI 48009
Michael Acheson
Marianne Brakora
Tel: 248-310-6040
Fax: 248-251-0059
Email: mike.acheson@me.com
       marianne@acheson.com

LG Electronics U.S.A., Inc.          Trade Payables       $827,325
P.O. Box 730241
Dallas, TX 75373-0241
David Chang
Tel: 201-816-2000
Fax: 201-816-0636

Greener Capital Partners II, LP     Convertible Notes     $750,000
128 Alvarado Rd.
Berkeley, CA 93705
Charles Finnie
Tel: 866-431-8709
Email: charliefinnie@gmail.com
       cfinnie@efwpartners.com
       kguerry@efwpartners.com

Easterly Acquisition Corp.            Trade Payables      $680,412
375 Park Ave. 21st FL
New York, NY 10152
Jurgen Lika
Tel: 617-303-4809
Fax: 302-655-5049

BDO USA, LLP                          Trade Payables      $607,383
One Market St.
Suite 1100 Spear Tower
San Francisco, CA 94105
Aftab Jamil
Tel: 408-352-1999
Fax: 415-397-2161
Email: ajamil@bdo.com

CFGI Holdings, LLC                    Trade Payables      $568,074
99 High St., 30th FL
Boston, MA 02110
Greg Lynch
Tel: 603-479-4110
Email: glynch@cfgi.com

James S Sandler as Trustee under    Convertible Notes     $460,000
the James Sandler Revocable Trust
UA dated 4/29/1999
185 Edgewood Ave.
San Francisco, CA 94117
Jim Sandler
Tel: 415-562-8736
Fax: 888-362-0641
Email: james@sandlerfoundation.org

Locus Energy                         Trade Payables       $416,318

1375 Broadway, Suite 1100
New York, NY 10018
Christopher Cline
Tel: 877-562-8736
Fax: 888-362-0641

Anthem Blue Cross                    Trade Payables       $395,711
Department 5812
Los Angeles, CA 90074-5812
Patrice Clay
Tel: 925-927-6019
Fax: 317-488-6028

Google Inc.                          Trade Payables       $386,737
1600 Ampitheatre Pkwy.
Mountain View, CA 94043
Mark Gerrson Galvez
Tel: 650-253-1465
Fax: 650-253-0001


SUNGEVITY INC: March 22 Meeting Set to Form Creditors' Panel
------------------------------------------------------------
Andy Vara, United States Trustee for Region 3, will hold an
organizational meeting on March 22, 2017, at 10:00 a.m. in the
bankruptcy case of Sungevity, 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 Sungevity Inc.

Sungevity Inc. and three of its affiliates filed for Chapter 11
bankruptcy protection (Bankr. D. Del., Case No. 17-10561) on March
13, 2017.  The petitions were signed by Andrew Birch, chief
executive officer.  The Debtors estimated $100 million to $500
million in both assets and debts.  Hon. Laurie Selber Silverstein
presides over the case.  

Sungevity, www.sungevity.com, is a technology company whose
platform enables the sale and installation of solar energy systems
to residential and commercial customers in the United States and
internationally.

The Debtors have tapped Morrison & Foerster LLP as general counsel;
Young Conaway Stargatt & Taylor LLP as local counsel; AlixPartners
LLC as financial advisor; Ducera Securities LLC as investment
banker; and Kurtzman Carson Consultants LLC as claims and noticing
agent.


SUPREME CEILING: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Supreme Ceiling & Interiors,
Inc., as of March 15, according to a court docket.

Supreme Ceiling & Interiors, Inc. filed a Chapter 11 petition
(Bankr. S.D. Fla. Case No. 17-10506) on Jan. 17, 2017.  The
petition was signed by its President, Herbert Williamson.  The
Debtor is represented by Mitchell J. Nowack, Esq. at Nowack &
Olson, PLLC.  At the time of filing, the Debtor estimated assets of
less than $500,000 and liabilities of less than $1 million.


TARPON DYNAMIC: Hires Derbes Law as Counsel
-------------------------------------------
Tarpon Dynamic Industries, L.L.P., seeks authority from the U.S.
Bankruptcy Court for the Eastern District of Louisiana to employ
the Derbes Law Firm, L.L.C. as counsel to the Debtor.

Tarpon Dynamic requires Derbes Law to:

   (a) provide legal advice with respect to its powers and duties
       as debtor in possession in the continued management of its
       business and property;

   (b) attend meetings with representatives of its creditors and
       other parties in interest;

   (c) take all necessary action to protect and preserve the
       Debtor's estate, including the prosecution of actions on
       the Debtor's behalf, the defense of any action commenced
       against the Debtor, negotiations concerning litigation in
       which the Debtor is or may become involved, and objections
       to claims to be filed by the estate;

   (d) prepare on behalf of the Debtor motions, applications,
       answers, orders, reports, and papers necessary to the
       administration of the estate;

   (e) negotiate and prepare on the Debtor's behalf a plan of
       reorganization, disclosure statement, and all related
       agreements and documents, and taking any necessary action
       on behalf of the Debtor to obtain confirmation of such
       plan;

   (f) appear before the Bankruptcy Court to protect the
       interests of the Debtor before the Bankruptcy Court;

   (g) perform all other necessary legal services and provide all
       necessary legal advice to the Debtor in connection with
       the Chapter 11 case;

   (h) advise the Debtor concerning executory contract and
       unexpired lease assumptions,  assignments  and  rejections

       and  lease  restructuring  and recharacterizations; and

   (i) commence and conduct litigation necessary and appropriate
       to assert rights held by the Debtor, protect assets of the
       Debtor's Chapter 11 estate or otherwise further the goal
       of completing the Debtor's successful reorganization.

Derbes Law will be paid at these hourly rates:

     Attorney               $160-$375
     Paralegal              $80
     Legal Assistant        $60

Derbes Law received a total of $9,000 from J & J Diving
Corporation. Pre-petition, Derbes Law received fees of $3,337 and
incurred costs of $1,717 as filing fee, leaving a total of $3,946
in the Derbes Law's trust account. Derbes Law has obtained
guarantees for the payment of its fees from J & J Diving
Corporation, Jeffrey Sikut, and Jon Gibson, Jr.

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

Frederick L. Bunol, member of Derbes Law Firm, L.L.C., assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Derbes Law can be reached at:

     Frederick L. Bunol
     DERBES LAW FIRM, L.L.C.
     3027 Ridgelake Drive
     Metairie, LA 70002
     Tel: (504) 837-1230
     Fax: (504) 832-0322

              About Tarpon Dynamic Industries, L.L.P.

Tarpon Dynamic Industries, L.L.P filed a Chapter 11 bankruptcy
petition (Bankr. E.D. La. Case No. 17-10500) on March 7, 2017.  The
Hon. Elizabeth W Magner presides over the case.


TERRAFORM GLOBAL: S&P Revises CreditWatch on 'B-' ICR to Positive
-----------------------------------------------------------------
S&P Global Ratings said it revised its CreditWatch implications on
its 'B-' issuer credit rating on TerraForm Global Inc. to positive
from negative.  S&P also revised its CreditWatch implications on
our 'B+' and 'B-' issue-level ratings on the company's secured and
unsecured debt, respectively, to positive from negative.  The '1'
recovery rating on the company's secured debt reflects S&P's
expectation of very high (90%-100%; rounded estimate: 95%) recovery
in the event of default.  The '3' recovery rating on the company's
unsecured debt reflects S&P's expectation of meaningful (50%-70%;
rounded estimate; 65%) recovery in the event of default.

The CreditWatch revision stems from the recent announcements by
TerraForm Global (100%) and TerraForm Power Inc. (51%) that stakes
currently owned by SunEdison Inc. would be purchased by Brookfield
Asset Management.

The ratings on the TerraForm entities had fallen somewhat during
the past two years amid the challenges faced by SunEdison, which
entered bankruptcy protection in April 2016.  The rating on this
entity was directly constrained by the very weak credit quality of
SunEdison Inc., with the ratings of both TerraForm entities capped
at 'B-'.

However, there were other adverse effects associated with
SunEdison's struggles.  First, the governance score on both
entities had fallen to weak, amid diminished transparency in
financial reporting; during 2016, both entities failed to file
financial statements in a timely manner.  In addition, both
entities have relied on SunEdison to provide a pipeline of
renewable assets for growth.

"We anticipate that the ownership by investment–grade Brookfield
could improve the rating in the absence of a ratings cap and that
appropriate governance measures will be put in place to ensure
greater financial transparency," said S&P Global Ratings credit
analyst Michael Ferguson.



TERRAFORM POWER: S&P Revises CreditWatch on 'B-' ICR to Positive
----------------------------------------------------------------
S&P Global Ratings said it revised its CreditWatch implications on
its 'B-' issuer credit rating on TerraForm Power Inc. to positive
from negative.  At the same time, S&P revised its CreditWatch
implications on its 'B-' issue-level rating on the company's
unsecured debt to positive from negative.  The recovery rating on
the unsecured debt remains '4', reflecting S&P's expectation of
average (30% to 50%; rounded estimate: 45%) recovery if a default
occurs.

The CreditWatch revision stems from the recent announcements by
TerraForm Global (100%) and TerraForm Power Inc. (51%) that stakes
currently owned by SunEdison Inc. would be purchased by Brookfield
Asset Management.

The ratings on the TerraForm entities had fallen somewhat during
the past two years amid the challenges faced by SunEdison, which
entered bankruptcy protection in April 2016.  The rating on
Terraform Power was directly constrained by the very weak credit
quality of SunEdison Inc., with the ratings on both TerraForm
entities capped at 'B-'.

However, there were other adverse effects associated with
SunEdison's struggles.  First, the governance score on both
zntities had fallen to weak, amid diminished transparency in
financial reporting; during 2016, both entities failed to file
financial statements in a timely manner.  In addition, both
entities have relied on SunEdison to provide a pipeline of
renewable assets for growth.

"We anticipate that the ownership by investment–grade Brookfield
could improve the rating in the absence of a ratings cap and that
appropriate governance measures will be put in place to ensure
greater financial transparency.  In addition, we would expect some
deleveraging over time after the close of the transaction," said
S&P Global Ratings credit analyst Michael Ferguson.



TJB AIR CONDITIONING: April 11 Disclosure Statement Hearing
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Florida will
convene a hearing on April 11, 2017, at 9:30 a.m., to consider
approval of the second amended disclosure statement explaining TJB
Air Conditioning, LLC's plan of reorganization.

Deadline for objections to the Disclosure Statement is April 7.

The allowed Class 2 secured claim of Everest Business Funding in
the amount of $73,560.  This amount will be paid at a rate of 0%
over a period of 60 months.  The monthly payment will be in the
amount of $1,226 and the first payment will be on the effective
date with each subsequent payment being made on the same date of
the month as the first payment. Liens against collateral will
remain until this claim is paid in full according to this Plan.
This class is impaired.

The allowed Class 3 secured claim of Nissan Motor Acceptance is
secured by a vehicle and will be paid in accordance with the
contract.  Liens against collateral shall remain until this claim
is paid in full according to this Plan. This class is unimpaired.

Colonial Surety Company will have an allowed Class 4 secured claim
in the amount of $50,000 and be paid through equal monthly
installments starting on the effective date and with each
subsequent payment being made on the same date of the month as the
first payment and continuing for 60 months ($833.33 per month).
Colonial Surety has an unsecured claim for the deficiency and will
receive a pro rata distribution as per Class 7.  Colonial Surety
Company will maintain all its secured interests and liens as they
existed prior to the bankruptcy until paid in full and such secured
interests and liens will survive confirmation of the Plan.
Colonial Surety Company has reserved all of its rights with respect
to bonds issued by Colonial Surety Company and with respect to the
payment and indemnity agreement as to non-debtor indemnitors.  This
class is impaired.

Colonial Surety has filed a secured claim in the amount of
$2,296,418.47.  It is anticipated that Colonial Surety will be
reducing its claim.  Colonial Surety has agreed to limit the
secured portion of its claim to $50,000.  The claim of Colonial
Surety is contingent on the amount of claims it will have to pay on
behalf of the Debtor.  To date, Colonial Surety has paid the claims
of Trane and is at risk for having to pay Ciright, Tristate,
Volmar, Cannon Contracting, Old National, New Steel, Panhandle
Steel, and Ready to Kool.

Colonial Surety has also asserted an administrative claim in the
amount of $79,064.69.  This claim has not yet been authorized by
the Court.  The Plan proposes payment of the claim as allowed.
If the claim is not allowed, it will be paid as other unsecured
claims.

The Plan proposes to pay all costs and expenses of administration
within 30 days of the date of confirmation of the Plan, or within
the additional time as the administrative claimants may allow.  The
total amount of administrative expenses has not yet been
determined, but will be set by the Court at the hearing on the
confirmation of the Plan.

The Plan will be funded by the income received by the Debtor from
current and future projects it is awarded.  The Debtor has attached
the debtor in possession monthly reports and future projections.  

The Second Amended Disclosure Statement is available at:

           http://bankrupt.com/misc/flsb15-31350-167.pdf

As reported by the Troubled Company Reporter on Jan. 12, 2017, the
Court was set to hold a hearing on Feb. 22 to consider the approval
of the Debtor's previous Chapter 11 plan of reorganization after
approving a previous disclosure statement.  Under that plan, Class
5 non-insider unsecured creditors will be paid in full over 60
months.  That plan proposed to pay $15,000 per month for 60 months
to unsecured creditors who are not insiders or officers of the
company.  These creditors would be paid on a pro rata basis.
Meanwhile, insiders or officers would not receive a distribution.

                           About TJB Air

TJB Air Conditioning, LLC, is a heating and air conditioning
contractor that is a Service Disabled Veteran Owned Small Business.
TJB contracts exclusively with the federal government and works on
military bases or with the FAA.  The company has been in existence
for four years.  The principal of TJB, however, has 44 years of
experience in heating and air conditioning.  The projects on which
TJB works are located throughout the country.

TJB Air Conditioning filed for Chapter 11 bankruptcy protection
(Bankr. S.D. Fla. Case No. 15-31350) on Dec. 8, 2015.  Brian K.
McMahon, Esq., in West Palm Beach, Florida, serves as the Debtor's
bankruptcy counsel.


TOSHIBA CORP: Offers Memory Chip Shares as Collateral for Loans
---------------------------------------------------------------
The American Bankruptcy Institute, citing Taro Fuse and Taiga
Uranaka of Reuters, reported that Japan's crisis-racked Toshiba
Corp (6502.T) has offered shares in its memory chip unit to
creditors as collateral to secure debt refinancing, people briefed
on the matter said on March 15, 2017.

According to the report, the offer comes one day after the
industrial conglomerate missed submitting audited third-quarter
earnings for a second time and said it would 'actively consider'
selling a majority stake in the Westinghouse nuclear unit at the
center of its troubles.

At a meeting with creditors on March 15, Toshiba also offered to
put up stakes in other group firms such as Toshiba Tec Corp
(6588.T), a cash register company, as well as real estate as
collateral, the report related, citing the people, who declined to
be identified as they were not authorized to speak on the matter.

Creditors have been asked to respond by March 24, the report said.

In addition, it asked for its third one-month extension of a waiver
for a violation of a covenant in a syndicated loan, the sources
said, the report added.

Its main banks -- Sumitomo Mitsui Banking Corp (8316.T), Mizuho
Bank (8411.T) and Sumitomo Mitsui Trust Bank (8309.T) -- said they
would give Toshiba their full support, the sources said, the report
further related.  But some regional bank officials attending the
near two hour meeting expressed frustration, saying Toshiba should
sell the stakes and pay back the money instead of offering them as
collateral, the report cited one of the sources as saying.

                       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.


TRINSEO SA: S&P Raises LT CCR to 'BB-' on Sustained Improvement
---------------------------------------------------------------
S&P Global Ratings raised its long-term corporate credit rating on
Trinseo S.A. to 'BB-' from 'B+'.  The outlook is stable.

At the same time, S&P raised its issue-level rating on the
company's senior secured debt to 'BB+' from 'BB'.  The recovery
rating on senior secured debt is '1', indicating S&P's expectation
of very high (90% to 100% range; rounded estimate: 95%) recovery in
the event of a payment default.  S&P also revised the recovery
rating on the senior unsecured debt to '3' from '4', indicating
S&P's expectation of meaningful (50% to 70% range; rounded
estimate: 50%) recovery in the event of a payment default.  Because
S&P raised the corporate credit rating and revised the recovery
rating, S&P also raised the senior unsecured issue-level ratings to
'BB-' from 'B+'

"The stable outlook on Trinseo S.A. reflects our expectation that
over the next 12 months credit metrics will weaken modestly but
remain at a level consistent with the ratings," said S&P Global
Ratings credit analyst Michael McConnell.

S&P's base case scenario assumes 2017 EBITDA margins will decline
modestly from 2016 record highs.  This takes into account a drop to
more normalized levels from top-cycle profits in 2016, assuming
styrene-to-benzene spreads decline to more normalized levels.  S&P
forecasts adjusted debt to EBITDA of between 2x and 3x in 2017, a
level S&P considers appropriate for the ratings after taking into
account volatility in the company's EBITDA and credit measures.

S&P could lower ratings if debt to EBITDA were to increase above 3x
within the next 12 months, combined with the expectation that
metrics could weaken further.  In S&P's downside scenario, this
could occur if EBITDA margins dropped by more than 400 basis points
as a result of volatility in styrene markets causing margins to
drop towards pre-2015 levels on a sustained basis.  S&P could also
lower the ratings if liquidity weakens, or if it believes the
company may be challenged to comply with covenants. S&P could also
lower ratings if, against S&P's expectations, the company were to
undertake any large debt-funded growth projects, acquisitions or
shareholder rewards, which could stretch credit measures beyond
what S&P would view appropriate for the current rating.

S&P would consider a one-notch upgrade if the company maintains
strong EBITDA margins from favorable market conditions as well as
internal initiatives to improve profitability, or if the company
utilizes free cash flow to lower debt within the next 12 months. If
this were to occur, S&P believes that the ratio of debt to EBITDA
could improve to below 2x on a sustainable basis.  To consider an
upgrade S&P would need to be more certain that financial policies
would be supportive of maintain these credit metrics.  Given the
volatility in Trinseo's business, S&P would need to determine that
any future level of leverage is sustainable through a weak cycle
before contemplating a positive rating action.  S&P could also
consider an upgrade if structural changes in the industry Trinseo
participates in, combined with improving operating efficiency, led
to more predictability in the company's earnings, which could lead
S&P to re-assess the company's business risk profile at fair.



UNITED AIRLINES: S&P Rates Proposed $3.5BB Loans 'BB+'
------------------------------------------------------
S&P Global Ratings assigned its 'BB+' issue-level rating and '1'
recovery rating to United Airlines Inc.'s proposed $2 billion
revolving credit facility and $1.5 billion term loan.  The '1'
recovery rating indicates S&P's expectation for very high
(90%-100%; rounded estimate: 95%) recovery in the event of a
payment default.  The credit facilities are an amendment and
upsizing of United Airlines' existing credit facilities and are
guaranteed by its parent, United Continental Holdings Inc.

The credit facilities are secured by United's international route
rights to China (Beijing and Shanghai), Hong Kong, Japan, and
London's Heathrow International Airport.  The collateral pool also
includes takeoff and landing slots at various airports in the
related countries and at Washington's Reagan Airport and New York's
La Guardia Airport.  S&P has reviewed the appraisals of these
assets, which are valued--in the case of international route
rights--on a discounted cash flow basis, analyzing the routes as a
business operated by United.  The takeoff and landing slots are
valued as part of the international businesses and by comparing
actual prices of slots that were sold from one airline to another,
where such data is available.

In S&P's analysis, it applies a discount to these appraised values
to reflect the stresses that would occur in a bankruptcy scenario.
The discount, which varies from case to case, takes into account
the growth prospects and barriers to entry in the various markets
served.  S&P believes that United would most likely seek to retain
these route rights and slots in any future bankruptcy, as they are
integral to important and profitable parts of their route network.

                         RECOVERY ANALYSIS

Simulated default scenario and valuation assumptions

   -- S&P has completed its recovery analysis of United
      Continental Holdings Inc.
   -- S&P valued the company on a going concern discrete asset
      basis and S&P's valuations reflect its estimate of the value

      of the various assets at default based on recent market
      appraisals as adjusted for expected realizations rates in a
      distressed scenario.

Simplified recovery waterfall

   -- Gross recovery value: $14.9 billion
   -- Net recovery value for waterfall after admin. expenses (5%):

      $14.2 billion
   -- Obligor/nonobligor valuation split: 100%/0%
   -- Value available for first-lien bank claim: $3.1 billion
   -- Estimated senior secured bank claims: $3.2 billion
      -- Recovery range: 90%-100% (rounded estimate: 95%)
   -- Value available for unsecured claim: $3.2 billion
   -- Estimated senior unsecured notes claim: $1.1 billion
   -- Estimated senior unsecured deficiency and other claims:
      $5.4 billion
     -- Recovery range: 30%-50% (rounded estimate: 45%)

RATINGS LIST

United Airlines Inc.
Corporate Credit Rating                 BB-/Positive/--

New Rating

United Airlines Inc.
$2B Revolving Credit Facility Due 2022  BB+
  Recovery Rating                        1(95%)
$1.5B Term Loan Due 2024                BB+
  Recovery Rating                        1(95%)


UNIVISION COMMUNICATIONS: Fitch to Withdraw B Long-Term IDR
-----------------------------------------------------------
Fitch Ratings plans to withdraw the ratings on Univision
Communications Inc. (Univision) on or about April 16, 2017 (which
is approximately 30 days from the date of this release) for
commercial reasons.

Fitch currently rates Univision as follows:

-- Long-Term Issuer Default Rating (IDR) 'B';
-- Senior secured revolving credit facility 'BB-/RR2';
-- Senior secured notes 'BB-/RR2.

The Rating Outlook is Stable.

Fitch reserves the right in its sole discretion to withdraw or
maintain any rating at any time for any reason it deems sufficient.
Fitch believes that investors benefit from increased rating
coverage by Fitch and is providing approximately 30 days' notice to
the market of the rating withdrawal of Univision. Ratings are
subject to analytical review and may change up to the time Fitch
withdraws the ratings.

Fitch's last rating action for Univision was on Sept. 29, 2016.
Fitch affirmed the 'B' Long-Term IDR assigned to Univision and
upgraded its senior secured rating to 'BB-/RR2'. The upgrade was
based on Fitch's expectations of improved recovery prospects
supported by Univision's EBITDA expansion.


VANGUARD NATURAL: Bid for Equity Panel Dropped, Deal Reached
------------------------------------------------------------
Vanguard Natural Resources, LLC, and its affiliated debtors on
March 16 resolved attempts by certain shareholders to form an
official committee of equity holders in the Chapter 11 case.

Shareholder Mark P. Stevens made the request through a letter to
Bankruptcy Judge Marvin Isgur on Feb. 21.

On March 3, members of the Ad Hoc Equity Committee that are
represented by Gardere Wynne Sewell LLP joined on the motion.
Munger, Tolles & Olson, LLP serves as conflicts counsel.

In his request, Mr. Stevens sought appointment of an Equity
Committee or conversion of the case to a Chapter 7 Liquidation.  

"This motion requests the Court convert this Chapter 11 to a
Chapter 7 bankruptcy based on sound economic principles and best
economical use of company resources and holdings considering the
company's financial and operational performance. There is no reason
for anyone to believe management will or could turn the company
around after completing a Chapter 11 reorganization. Management has
performed so poorly and mismanaged assets so considerably that the
only conclusion a reasonable person could draw is that a Chapter 11
reorganization would most likely further diminish the company's
resources and assets to eventually result in a Chapter 7
liquidation and a waste of company assets. As such, it only makes
sense to liquidate now while commodity prices are rising and
shareholders still have significant value in the company," the
Motion said.

The Debtors have expressed concerns to the Ad Hoc Equity Committee
regarding the costs and delay that would result from the
appointment of an official equity committee.  As a result of good
faith, arm;s-length negotiations among the Parties, the Parties
have agreed to resolve their disputes over these issues on the
terms set forth in a Stipulation filed Thursday with the Bankruptcy
Court.

The parties agree that the Ad Hoc Equity Committee counsel may
undertake any of these tasks on behalf of VNR's preferred and
common equity holders:

     (a) Advise the Ad Hoc Equity Committee on matters relevant to
any plan or plans of reorganization or liquidation, including, but
not limited to, matters
regarding any release of equity holders' claims against
non-debtors;

     (b) Advise the Ad Hoc Equity Committee on matters relevant to
protecting unitholders against unfair discrimination resulting from
any proposed management incentive plan under a Plan for the
Debtors;

     (c) Advise the Ad Hoc Equity Committee on matters relevant to
potential tax liability for unitholders stemming from treatment
under a Plan for the Debtors;

     (d) Assist the Ad Hoc Equity Committee in ensuring that the
valuation of the Debtors in a Plan is fair and reasonable,
including, but not limited to, investigating and analyzing the
Debtors' business operations and financial condition;

     (e) Prepare and file for the Ad Hoc Equity Committee all
necessary applications, motions, pleadings, orders, reports and
other legal papers, and appearing on the Ad Hoc Equity Committee's
behalf before the Bankruptcy Court in connection with such
matters;

     (f) Consult with parties-in-interest in these bankruptcy
cases, their representatives, advisors and professionals.

The Stipulation also provides that the Ad Hoc Equity Committee
shall have an allowed substantial contribution claim under section
503(b)(3)(D) of the Bankruptcy Code on these terms:

     (a) Any and all services within the Scope of Work performed by
Gardere, as lead counsel to the Ad Hoc Equity Committee, and
Munger, as conflicts counsel for holders of VNR's preferred units,
will be billed monthly on an hourly basis and the Debtors will pay
the reasonable fees and expenses of Gardere and Munger up to a
maximum amount of $350,000 in the aggregate, provided that all
monthly fees and expenses of Gardere and Munger will be subject to
the Order Establishing Procedures for Interim Compensation and
Expense Reimbursement of Professionals;

     (b) If a Plan is confirmed that provides the holders of VNR's
preferred and/or common units a distribution from the Debtors'
estates, Gardere and Munger will be collectively paid in cash a
contingency fee of 5% of the value of the aggregate distribution to
preferred and/or common unitholders to the extent that there is any
increase in the incremental recovery to the equity interest holders
(preferred and/or common) in excess of the current treatment
provided in the Joint Plan of Reorganization of Vanguard Natural
Resources, LC et al., Pursuant to Chapter 11 of the Bankruptcy
Code, subject to a cap of $400,000 in the aggregate, to be paid
upon the effective date of a confirmed Plan;

     (c) Notwithstanding the Attorney Fee Cap, to the extent that
the Ad Hoc Equity Committee or any of its members (in their
capacity as members of the Ad Hoc Equity Committee) or its
professionals are served with discovery in connection with either
an adversary proceeding filed by a party other than the Ad Hoc
Equity Committee or a contested matter in which the Ad Hoc Equity
Committee neither filed a motion for relief nor an objection to the
relief requested, the reasonable costs and expenses related thereto
(other than financial advisory fees payable under paragraph 3(d))
shall be outside of the Attorney Fee Cap and shall be payable by
the Debtors pursuant to the payment terms as described in (a)
above;

     (d) The Ad Hoc Equity Committee may hire Huron Consulting
Group, as financial advisor, and Huron will be paid $75,000 per
month, with the first instalment due upon Court approval of this
Stipulation and the remaining instalments payable on the following
monthly anniversaries of such date until one of the following
events occurs:

              (i) the Bankruptcy Court enters an order confirming a
Plan, or

             (ii) Huron is paid a third time (i.e. $225,000 in the
aggregate), provided that all monthly payments to Huron will be
subject to the Interim Compensation Order; and

     (e) If a Plan is confirmed that provides the holders of VNR's
preferred and/or common units a distribution from the Debtors'
estates, Huron will be paid in cash a contingency fee of 15% of the
value of the aggregate distribution to preferred and/or common
unitholders to the extent that there is any increase in the
incremental recovery to the equity interest holders (preferred
and/or common) in excess of the current treatment provided in the
Filed Plan, subject to a cap of $1,500,000, to be paid upon the
effective date of a confirmed Plan for the Debtors.

The Ad Hoc Equity Committee, its members, representatives, advisors
or professionals agree to waive and release the Debtors and their
estates from any and all substantial contribution claims and other
administrative expense claims against the Debtors, except as
eXplicitly set forth in the Stipulation.

All motions and requests for the appointment of an official
committee of equity security holders are denied, with prejudice. No
official committee of equity security holders shall be appointed in
these chapter 11 cases.

              About Vanguard Natural Resources

Vanguard Natural Resources, LLC -- http://www.vnrllc.com/-- is a  
publicly traded limited liability company focused on the
acquisition, production and development of oil and natural gas
properties.  Vanguard's assets consist primarily of producing and
non-producing oil and natural gas reserves located in the Green
River Basin in Wyoming, the Permian Basin in West Texas and New
Mexico, the Gulf Coast Basin in Texas, Louisiana, Mississippi and
Alabama, the Anadarko Basin in Oklahoma and North Texas, the
Piceance Basin in Colorado, the Big Horn Basin in Wyoming and
Montana, the Arkoma Basin in Arkansas and Oklahoma, the Williston
Basin in North Dakota and Montana, the Wind River Basin in Wyoming,
and the Powder River Basin in Wyoming.

The Debtors listed total assets of $1.54 billion and total debts of
$2.3 billion as of Feb. 1, 2017.

Paul Hastings LLP is serving as legal counsel and Evercore Partners
is acting as financial advisor to Vanguard.  Opportune LLP is the
Company's restructuring advisor.  Prime Clerk LLC is serving as
claims and noticing agent.

Judy R. Robbins, the U.S. Trustee for Region 7, on Feb. 14
appointed three creditors to serve on the official committee of
unsecured creditors appointed in the Chapter 11 case of Vanguard
Natural Resources, LLC.

Citibank, N.A, as administrative agent under the Third Amended and
Restated Credit Agreement, dated as of September 30, 2011, is
represented by Chris Lopez, Esq., Stephen Karotkin, Esq., and
Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges LLP.

The Ad Hoc Committee of Equity Security Holders is represented by:

     Holland N. O'Neil, Esq.
     GARDERE WYNNE SEWELL LLP
     2021 McKinney Avenue, Suite 1600
     Dallas, TX 75201
     Telephone: (214) 999-3000
     214) 999-4667
     honeil@gardere.com


VANGUARD NATURAL: March 20 Hearing on $50-Mil. DIP Loan
-------------------------------------------------------
At the behest of Vanguard Natural Resources, LLC et al., Bankruptcy
Judge Marvin Isgur continued to March 20, 2017 at 10:00 a.m.
(Central Time), the hearing on the Debtors' "Emergency Motion for
Entry of Interim and Final Orders (i) Authorizing the Debtors to
(a) Obtain Postpetition Senior Secured Superpriority Financing and
(b) Use Cash Collateral, (ii) Granting Adequate Protection to
Prepetition Secured Parties, (iii) Modifying the Automatic Stay,
(iv) Scheduling a Final Hearing, and (v) Granting Related Relief."


The hearing was originally scheduled for 1:30 p.m. (Central Time)
on March 1.

The extension, the Court said, is without prejudice to the Debtors'
right to further adjourn it with notice on the docket in accordance
with the Bankruptcy Code, the Bankruptcy Rules, and the Local
Bankruptcy Rules, as applicable.

The Debtors said in Court papers dated Feb. 27 that they are
engaged in discussions with certain parties regarding the relief
requested in the Debtor-in-Possession Financing Motion.

                Terms of $50-Million DIP Facility

In connection with the Chapter 11 cases, on Feb. 1, 2017, the
Debtors filed a motion (the "DIP Motion") seeking, among other
things, interim and final approval of the Debtors' use of cash
collateral and debtor-in-possession financing on terms and
conditions set forth in a proposed Debtor-in-Possession Credit
Agreement (the "DIP Credit Agreement") among VNG (the "DIP
Borrower"), the financial institutions or other entities from time
to time parties thereto, as lenders, Citibank N.A., as
administrative agent (the "DIP Agent") and as issuing bank.  The
initial lenders under the DIP Credit Agreement include lenders
under the Company's existing first-lien credit agreement or the
affiliates of such lenders.

Pursuant to the prepetition First Lien Credit Agreement, the
Debtors are jointly and
severally liable to the First Lien Lenders in the aggregate
principal amount of approximately $1.25 billion. The obligations
owing to the First Lien Lenders are secured by liens on and
security interests in substantially all of the Debtors' assets and
properties.

The DIP Facility was approved on an interim basis pursuant to an
Order of the Court, dated Feb. 2, 2017.

The proposed DIP Credit Agreement, if approved by the Bankruptcy
Court, contains these terms:

     -- a revolving credit facility in the aggregate amount of up
to $50.0 million, and $15.0 million available on an interim basis;

     -- proceeds of the DIP Credit Agreement may be used by the DIP
Borrower to (i) pay certain costs and expenses related to the
Chapter 11 Cases, (ii) make payments provided for in the DIP
Motion, including in respect of certain "adequate protection"
obligations and (iii) fund working capital needs, capital
improvements and other general corporate purposes of the DIP
Borrower and its subsidiaries, in all cases subject to the terms of
the DIP Credit Agreement and applicable orders of the Bankruptcy
Court;

     -- the maturity date of the DIP Credit Agreement is expected
to be the earliest to occur of November 1, 2017, forty-five days
following the date of the interim order of the Bankruptcy Court
approving the DIP Facility on an interim basis, if the Bankruptcy
Court has not entered the final order on or prior to such date, or
the effective date of a plan of reorganization in the Chapter 11
Cases. In addition, the maturity date may be accelerated upon the
occurrence of certain events set forth in the DIP Credit
Agreement;

     -- interest will accrue at a rate per year equal to the LIBOR
rate plus 5.50%;

     -- in addition to fees to be paid to the DIP Agent, the DIP
Borrower is required to pay to the DIP Agent for the account of the
lenders under the DIP Credit Agreement, an unused commitment fee
equal to 1.0% of the daily average of each lender's unused
commitment under the DIP Credit Agreement, which is payable in
arrears on the last day of each calendar month and on the
termination date for the facility for any period for which the
unused commitment fee has not previously been paid;

     -- the obligations and liabilities of the DIP Borrower and its
subsidiaries owed to the DIP Agent and lenders under the DIP Credit
Agreement and related loan documents will be entitled to joint and
several super-priority administrative expense claims against each
of the DIP Borrower and its subsidiaries in their respective
Chapter 11 Cases subject to limited exceptions provided for in the
DIP Motion, and will be secured by (i) a first priority, priming
security interest and lien on all encumbered property of the DIP
Borrower and its subsidiaries, subject to limited exceptions
provided for in the DIP Motion, (ii) a first priority security
interest and lien on all unencumbered property of the DIP Borrower
and its subsidiaries, subject to limited exceptions provided for in
the DIP Motion and (iii) a junior security interest and lien on all
property of the DIP Borrower and its subsidiaries that is subject
to (a) a valid, perfected and non-avoidable lien as of the petition
date (other than the first priority and second priority prepetition
liens) or (b) a valid and non-avoidable lien that is perfected
subsequent to the petition date, in each case subject to limited
exceptions provided for in the DIP Motion;

     -- the sum of unrestricted cash and cash equivalents of the
loan parties and undrawn funds under the DIP Credit Agreement shall
not be less than $25.0 million at any time; and

     -- the DIP Credit Agreement is subject to customary covenants,
prepayment events, events of default and other provisions.

The DIP Credit Agreement is subject to final approval by the
Bankruptcy Court, which has not been obtained at this time. The
Debtors anticipate closing the DIP Credit Agreement promptly
following final approval by the Bankruptcy Court of the DIP
Motion.

              About Vanguard Natural Resources

Vanguard Natural Resources, LLC -- http://www.vnrllc.com/-- is a  
publicly traded limited liability company focused on the
acquisition, production and development of oil and natural gas
properties.  Vanguard's assets consist primarily of producing and
non-producing oil and natural gas reserves located in the Green
River Basin in Wyoming, the Permian Basin in West Texas and New
Mexico, the Gulf Coast Basin in Texas, Louisiana, Mississippi and
Alabama, the Anadarko Basin in Oklahoma and North Texas, the
Piceance Basin in Colorado, the Big Horn Basin in Wyoming and
Montana, the Arkoma Basin in Arkansas and Oklahoma, the Williston
Basin in North Dakota and Montana, the Wind River Basin in Wyoming,
and the Powder River Basin in Wyoming.

The Debtors listed total assets of $1.54 billion and total debts of
$2.3 billion as of Feb. 1, 2017.

Paul Hastings LLP is serving as legal counsel and Evercore Partners
is acting as financial advisor to Vanguard.  Opportune LLP is the
Company's restructuring advisor.  Prime Clerk LLC is serving as
claims and noticing agent.

Judy R. Robbins, the U.S. Trustee for Region 7, on Feb. 14
appointed three creditors to serve on the official committee of
unsecured creditors appointed in the Chapter 11 case of Vanguard
Natural Resources, LLC.

Attorneys for Citibank, N.A, as administrative agent under the
Third Amended and Restated Credit Agreement, dated as of September
30, 2011:

     Chris Lopez, Esq.
     WEIL, GOTSHAL & MANGES LLP
     700 Louisiana Street, Suite 1700
     Houston, Texas 77002
     Telephone: (713) 546-5000
     Facsimile: (713) 224-9511
     Email: chris.lopez@weil.com

          - and -

     Stephen Karotkin, Esq.
     Joseph H. Smolinsky, Esq.
     WEIL, GOTSHAL & MANGES LLP
     767 Fifth Avenue
     New York, New York 10153
     Telephone: (212) 310-8000
     Facsimile: (212) 310-8007
     Email: stephen.karotkin@weil.com
     Email: joseph.smolinsky@weil.com


VANGUARD NATURAL: Nasdaq to Delist Shares Effective March 24
------------------------------------------------------------
The Nasdaq Stock Market, Inc., has determined to remove from
listing the common stock, Vanguard Natural Resources 7.875% Series
A Cumulative Redeemable Perpetual Preferred Units, Vanguard Natural
Resources LLC 7.625% Series B Cumulative Redeemable Perpetual
Preferred Unit, and Vanguard Natural Resources LLC 7.75% Series C
Cumulative Redeemable Perpetual Preferred Units of Vanguard Natural
Resources LLC, effective at the opening of the trading session on
March 24, 2017.

Based on review of information provided by the Company, Nasdaq
Staff determined that the Company no longer qualified for listing
on the Exchange pursuant to Listing Rules 5101, 5110(b), and
IM-5101-1.  The Company was notified of the Staffs determination on
February 2, 2017.  The Company did not appeal the Staff
determination to the Hearings Panel, and the Staff determination to
delist the Company became final on February 13, 2017.

              About Vanguard Natural Resources

Vanguard Natural Resources, LLC -- http://www.vnrllc.com/-- is a  
publicly traded limited liability company focused on the
acquisition, production and development of oil and natural gas
properties.  Vanguard's assets consist primarily of producing and
non-producing oil and natural gas reserves located in the Green
River Basin in Wyoming, the Permian Basin in West Texas and New
Mexico, the Gulf Coast Basin in Texas, Louisiana, Mississippi and
Alabama, the Anadarko Basin in Oklahoma and North Texas, the
Piceance Basin in Colorado, the Big Horn Basin in Wyoming and
Montana, the Arkoma Basin in Arkansas and Oklahoma, the Williston
Basin in North Dakota and Montana, the Wind River Basin in
Wyoming,
and the Powder River Basin in Wyoming.

The Debtors listed total assets of $1.54 billion and total debt of
$2.3 billion as of Feb. 1, 2017.

Paul Hastings LLP is serving as legal counsel and Evercore
Partners
is acting as financial advisor to Vanguard.  Opportune LLP is the
Company's restructuring advisor.  Prime Clerk LLC is serving as
claims and noticing agent.

Judy R. Robbins, the U.S. Trustee for Region 7, on Feb. 14, 2017,
appointed three creditors to serve on the official committee of
unsecured creditors appointed in the Chapter 11 case of Vanguard
Natural Resources, LLC.


VANGUARD NATURAL: Posts $815-Mil. Net Loss for 2016
---------------------------------------------------
Vanguard Natural Resources, LLC filed with the Securities and
Exchange Commission its Annual Report on Form 10-K for the fiscal
year ended December 31, 2016.

Total revenues continue to drop.  Vanguard reported total revenues
of $344,608,000 in 2016, from $566,643,000 in 2015 and $788,065,000
in 2014.

Vanguard said its net loss narrowed to $815,007,000 for 2016 from a
net loss of $1,883,174,000 in 2015.  It reported net income of
$64,345,000 in 2014.

Total assets were $1,309,288,000 at Dec. 31, 2016, against total
liabilities of $2,208,153,000 and total members' deficit of
$898,865,000.

                     Terms of RSA, Exit Plan

Prior to commencing the Chapter 11 Cases, on February 1, 2017, the
Debtors entered into a restructuring support agreement with:

     (i) certain holders constituting approximately 52% of the
7.875% Senior Notes due 2020;

    (ii) certain holders constituting approximately 10% of the
8.375% Senior Notes due 2019; and

   (iii) certain holders constituting approximately 92% of the 7.0%
Senior Secured Second Lien Notes due 2023.

The Restructuring Support Agreement sets forth, subject to certain
conditions, the commitment of the Debtors and the Restructuring
Support Parties to support a comprehensive restructuring of the
Debtors' long-term debt.  The Restructuring Transactions will be
effectuated through one or more plans of reorganization to be filed
in the Chapter 11 Cases.

The Restructuring Transactions will be financed by (i) use of cash
collateral, (ii) the proposed DIP Credit Agreement, (iii) a fully
committed $19.25 million equity investment by the Consenting Second
Lien Noteholders and (iv) a $255.75 million rights offering that is
fully backstopped by the Consenting Senior Noteholders.

Certain principal terms of the Plan are:

     -- Allowed claims ("First Lien Claims") under the Third
Amended and Restated Credit Agreement, dated as of September 30,
2011 (as amended from time to time, the "Reserve-Based Credit
Facility") will be paid down with $275.0 million in cash from the
proceeds of the Senior Note Rights Offering and Second Lien
Investment and may be paid down further with proceeds from non-core
asset sales or other available cash. The remaining First Lien
Claims will participate in a new Company $1.1 billion reserve-based
lending facility (the "New Facility") on terms substantially the
same as the Reserve-Based Credit Facility and provided by some or
all of the lenders under the Reserve-Based Credit Facility.

     -- Allowed Second Lien Claims will receive new notes in the
current principal amount of approximately $75.6 million, which
shall be substantially similar to the current Second Lien Notes but
providing a 12-month later maturity and a 200 basis point increase
to the interest rate.

     -- Each holder of an allowed Senior Note Claim shall receive
(a) its pro rata share of 97% of the ownership interests in the
reorganized Company (the "New Equity Interests") and (b) the
opportunity to participate in the Senior Note Rights Offering.

     -- If the Plan is accepted by the classes of general unsecured
claims and holders of the Preferred Units, holders of the Preferred
Units will receive their pro rata share of (a) 3% of the New Equity
Interests and (b) three-year warrants for 3% of the New Equity
Interests.

     -- The Plan will provide for the $255.75 million Senior Note
Rights Offering to holders of Senior Note Claims to purchase New
Equity Interests at an agreed discount. Certain holders of the
Senior Note Claims will execute a backstop commitment agreement
whereby they will agree to fully backstop the Senior Note Rights
Offering.

     -- The Plan will provide for the Second Lien Investors to
purchase $19.25 million in New Equity Interests at a 25% discount
to the Company's total enterprise value.

The Plan will provide for the establishment of a customary
management incentive plan at the Company under which 10% of the New
Equity Interests will be reserved for grants made from time to time
to the officers and other key employees of the respective
reorganized entities. The Plan will provide for releases of
specified claims held by the Debtors, the Restructuring Support
Parties, and certain other specified parties against one another
and for customary exculpations and injunctions.

The Restructuring Support Agreement obligates the Debtors and the
Restructuring Support Parties to, among other things, support and
not interfere with consummation of the Restructuring Transactions
and, as to the Restructuring Support Parties, vote their claims in
favor of the Plan. The Restructuring Support Agreement may be
terminated upon the occurrence of certain events, including the
failure to meet specified milestones relating to the filing,
confirmation, and consummation of the Plan, among other
requirements, and in the event of certain breaches by the parties
under the Restructuring Support Agreement. The Restructuring
Support Agreement is subject to termination if the effective date
of the Plan has not occurred within 150 days of the filing of the
Petitions. There can be no assurances that the Restructuring
Transactions will be consummated.

The Administrative Agent under the Reserve-Based Credit Facility
and the financial institutions party thereto (the "First Lien
Lenders") have not executed the Restructuring Support Agreement,
and the New Facility will be subject to the approval of the
Administrative Agent and First Lien Lenders in all respects. The
Company and the Restructuring Support Parties expect to engage with
the First Lien Lenders in an effort to agree upon mutually
acceptable terms of the New Facility.

On February 25, 2017, the Debtors filed their Plan of
Reorganization and the Disclosure Statement related thereto. The
Bankruptcy Court will hold a hearing to consider approval of
Disclosure Statement on April 5, 2017 at 9:00 a.m. (prevailing
Central Time).

              About Vanguard Natural Resources

Vanguard Natural Resources, LLC -- http://www.vnrllc.com/-- is a  
publicly traded limited liability company focused on the
acquisition, production and development of oil and natural gas
properties.  Vanguard's assets consist primarily of producing and
non-producing oil and natural gas reserves located in the Green
River Basin in Wyoming, the Permian Basin in West Texas and New
Mexico, the Gulf Coast Basin in Texas, Louisiana, Mississippi and
Alabama, the Anadarko Basin in Oklahoma and North Texas, the
Piceance Basin in Colorado, the Big Horn Basin in Wyoming and
Montana, the Arkoma Basin in Arkansas and Oklahoma, the Williston
Basin in North Dakota and Montana, the Wind River Basin in Wyoming,
and the Powder River Basin in Wyoming.

The Debtors listed total assets of $1.54 billion and total debts of
$2.3 billion as of Feb. 1, 2017.

Paul Hastings LLP is serving as legal counsel and Evercore Partners
is acting as financial advisor to Vanguard.  Opportune LLP is the
Company's restructuring advisor.  Prime Clerk LLC is serving as
claims and noticing agent.

Judy R. Robbins, the U.S. Trustee for Region 7, on Feb. 14
appointed three creditors to serve on the official committee of
unsecured creditors appointed in the Chapter 11 case of Vanguard
Natural Resources, LLC.


VINCHEM USA: Wants to Use KB Development Cash Collateral
--------------------------------------------------------
Vinchem USA Corporation asks the U.S. Bankruptcy Court for the
Middle District of Florida for permission to use cash collateral.

The Debtor seeks authorization to use cash, accounts receivable and
other income derived from the its operations to fund its operating
expenses and the costs of administration of its Chapter 11 case for
the duration of the case.

The Debtor proposes to use Cash Collateral in accordance with its
proposed Budget for payment of necessary owner/operators, supplies,
and ordinary business expenses related to its operations.  The
proposed 6-month Budget projects operating expenses of $8,326 per
month from April through September 2017.

KB Development 1 Tampa, LLC, f/k/a KB Development 1, LLC has a
mortgage on the Debtor's real property located at 3840 West Waters
Avenue, Tampa, Florida, in the estimated amount of $1,551,709.

As adequate protection for the use of the Cash Collateral, the
Debtor proposes as follows:

      (a) KB Development will have a post-petition lien on its
collateral to the same extent, validity and priority as existed
pre-petition;

      (b) The Debtor will escrow 1/12th the value of its 2017 ad
valorem taxes each month;

      (c) The Debtor will maintain proper insurance on the
Collateral;

      (d) KB Development will have the right to inspect the
Collateral; and

      (e) The Debtor will provide KB Development with copies of
monthly financial documents generated in the ordinary course of
business and other information as the reasonably requested by KB
Development.

A full-text copy of the Debtor's Motion, dated March 7, 2017, is
available at https://is.gd/FfwWIY

                        About Vinchem USA Corporation

Vinchem USA Corporation filed a Chapter 11 petition (Bankr. M.D.
Fla. Case No. 17-01802) on March 7, 2017.  The petition was signed
by Larry Nguyen, vice president.  The Debtor is represented by
Buddy D Ford, Esq. and Jonathan A Semach, Esq. at Buddy D. Ford,
P.A.  At the time of filing, the Debtor had $1.60 million in total
assets and $1.68 million in total liabilities.

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


VIOLIN MEMORY: Seeks to Pay $30,000 to Wind-Down Overseas Units
---------------------------------------------------------------
Violin Memory Inc., seeks permission from the Delaware Bankruptcy
Court to make up to $30,000 in payments to wind-down its overseas
subsidiaries.

Violin Memory will use the funds to allow an orderly wind-down by
paying for the professional fees required to complete the necessary
procedures in each of the jurisdictions in Japan, China, Russia and
Singapore. Failure to do so may create liability for the officers
and directors of said subsidiaries, the Debtor said.

Pursuant to the Cash Management Order, the Debtor is required to
"maintain records with respect to all transfers, including
intercompany transfers, if any, of cash so that all transactions
may be readily ascertained, traced, recorded properly, and
distinguished between prepetition and postpetition transactions."
Furthermore, the Cash Management Order provides that "[a]bsent
further order of this Court, the Debtor shall not make any
intercompany transfers to non-debtor affiliates or subsidiaries."

In addition, the Debtor is obligated under a postpetition financing
facility made pursuant to the Debtor-in-Possession Credit, Guaranty
and Security Agreement dated as of February 16, 2017, by and
between the agent and lender for the DIP Facility and the Debtor,
and approved by the Court on a final basis on March 6, 2016.  Under
the DIP Agreement, the Debtor is generally restricted from
expenditures other than in accordance with the approved DIP
Facility budget and specifically restricted from transferring cash
or other assets to its subsidiaries that are not parties thereto.

The DIP Order also requires the Debtor to use DIP Facility proceeds
and Cash Collateral (as defined in the DIP Order) in accordance
with the approved DIP Facility budget and bars the Debtor from
transferring any DIP Facility proceeds to or used for the benefit
of any non-Debtor subsidiary that is not a party to the DIP
Agreement.

Prior to the Petition Date, to preserve costs the Debtor planned
for and commenced the orderly wind-down and liquidation of its
overseas subsidiaries, and as of the Petition Date did not
anticipate that it would have the need to make further payments
with respect thereto.  More recently, however, it has come to the
Debtor's attention that certain additional payments, not to exceed
$30,000, are required to fund the wind-down of certain of its
overseas subsidiaries.  The DIP Lender has consented to these
transfers.

Violin Memory on March 6, 2017, obtained Bankruptcy Court approval
of the amended disclosure statement explaining its Chapter 11 exit
plan.  On March 8, the Debtor filed a Second Amended Plan of
Reorganization and Second Amended Disclosure Statement.

The Plan provides, among other things, for (i) the satisfaction in
full of all allowed administrative, priority and secured claims,
(ii) the cancellation of the Company's existing equity interests
and issuance of equity in the reorganized Debtor to Quantum
Partners LP or its assignee and (iii) certain distributions for
holders of allowed general unsecured claims to be funded solely by
a liquidating trust from specified assets.

A confirmation hearing before the Bankruptcy Court seeking approval
of the Plan is scheduled for April 18, 2017 at 2:00 p.m. (ET).

In January 2017, the Debtor sold substantially all of its assets to
VM Bidco LLC, fllowing a three-day auction that concluded Jan. 26.
VM Bidco is an affiliate of an investment fund, Quantum Partners
LP, that holds $25.65 million of the Debtor's Convertible Senior
Notes, and is managed by Soros Fund Management LLC.  The offer was
valued at least $14.5 million at that time, subject to further
negotiations.

The backup bid selected by the Debtor at the auction as the best
secondary option was for the purchase of substantially all assets
of the Debtor at a price of $7.125 million and the assumption of
certain cure costs.

VM Bidco as Plan Sponsor has presented to the Debtor a proposal
providing for:

     (i) an $8.0 million debtor-in-possession facility from the
Plan Sponsor to finance the Debtor's continued operations and
restructuring efforts, which facility will be converted into the
DIP Tranche of the Exit Facility under a confirmed plan of
reorganization,

    (ii) cash from the Plan Sponsor for recoveries equivalent to
$15.0 million to the Debtor's creditors under a plan of
reorganization, in exchange for which the Plan Sponsor will receive
a note in a principal amount equal to the amount of the cash
provided,

   (iii) Quantum Partners will receive all of the equity interests
in the reorganized Debtor in lieu of cash for its claims,

    (iv) assumption by the Reorganized Debtor of certain employee
claims and counterparty obligations (and related cure costs), and

     (v) preservation of certain avoidance actions for the benefit
of unsecured creditors.

The Debtor's Plan seeks to implement the Plan Proposal.  The Debtor
contends that the VM Bidco Plan Proposal is the highest and best
result of an extensive market test in a fair and open process, and
provides creditors with recoveries substantially superior to the
back-up bid or any other available alternative.

On Feb. 8, the Bankruptcy Court entered an Order Authorizing the
Debtor's Entry Into and Performance Under a Plan Support Agreement.
That Order was issued in response to the Debtor's motion filed on
Feb. 6 to enter into a Plan Sponsor Agreement, among the Company,
Soros, and the Official Committee of Unsecured Creditors, which was
executed among the parties thereto on Feb. 15, following the
issuance of the Order, substantially in the form submitted to the
Bankruptcy Court.

A copy of the Plan Sponsor Agreement, executed on February 15,
2017, is available at https://is.gd/LOXY5o

A copy of the Second Amended Plan of Reorganization for Violin
Memory, Inc., dated March 8, 2017, is available at
https://is.gd/JsgHm8

A copy of the Second Amended Disclosure Statement with Respect to
the Plan of Reorganization for Violin Memory, Inc., dated March 8,
2017, is available at https://is.gd/ZUymwo

                    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.  The Committee tapped DAK Group,
Ltd., as financial advisor and investment banker.

VM Bidco is represented in the case by:

     Mark D. Collins, Esq.
     Zachary I. Shapiro, Esq.
     RICHARDS, LAYTON & FINGER, P.A.
     One Rodney Square
     920 North King Street
     Wilmington, Delaware 19801
     Telephone: (302) 651-7700
     Email: collins@rlf.com
            shapiro@rlf.com

          - and -

     Gary T. Holtzer, Esq.
     David N. Griffiths, Esq.
     WEIL GOTSHAL & MANGES LLP
     757 Fifth Avenue
     New York, New York 10153
     Telephone: (212) 310-8000
     Email: gary.holtzer@weil.com
            david.griffiths@weil.com


VITARGO GLOBAL: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Vitargo Global Sciences, Inc.
        9880 Irvine Center Drive, Ste 100
        Irvina, CA 92618

Case No.: 17-10988

Business Description: Vitargo Global Sciences, LLC was founded in
                      2013.  The Company's line of business
                      includes manufacturing dry, condensed, and
                      evaporated dairy products. (Source:
                      https://www.bloomberg.com)

                      Vitargo is a small business debtor as
                      defined in 11 U.S.C. Section 101(51D).
                      It filed a Chapter 12 bankruptcy petition in
                      in Texas Northern Bankruptcy Court on May 5,

                      1992 (N.D. Tex. Case No. 92-42174).

Chapter 11 Petition Date: March 15, 2017

Court: United States Bankruptcy Court
       Central District of California (Santa Ana)

Judge: Hon. Theodor Albert

Debtor's Counsel: Michael Jay Berger, Esq.
                  LAW OFFICES OF MICHAEL JAY BERGER
                  9454 Wilshire Blvd 6th Fl
                  Beverly Hills, CA 90212-2929
                  Tel: 310-271-6223
                  Fax: 310-271-9805
                  E-mail: michael.berger@bankruptcypower.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

Largest
Unsecured
Creditor:         Chermi-Source, $340,000

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/cacb17-10988.pdf

The petition was signed by Anthony Almada, chief executive officer.


VRG LIQUIDATING: Wants Plan Filing Deadline Extended Thru June 12
-----------------------------------------------------------------
VRG Liquidating, LLC, et al., filed a third motion asking the U.S.
Bankruptcy Court for the District of Delaware to extend their
exclusive plan filing period through June 12, 2017, and their
exclusive solicitation period through August 14, 2017.

The Court is set to hear the Debtor's request on April 4, 2017.

The Debtor and the Official Committee of Unsecured Creditors filed
a joint plan of liquidation and disclosure statement on November
18, 2016.  The parties subsequently filed revised version of the
Plan documents on January 6, 2017.

The Court held a hearing on January 11 and requested that the
Debtors and the Committee make certain revisions to the Plan
documents.

Before proceeding with an amended Plan and Disclosure Statement,
the Debtors and the Committee determined that it is first necessary
to set a deadline for the filing of administrative expense claims,
and analyze all timely filed administrative expense claims and
priority claims.  To this end, they filed a formal motion with the
Court to establish that claims bar date and if granted, the
deadline to timely file administrative expense claims will be April
14, 2017.

In line with this development, the Debtors is seeking an extension
of the exclusive periods.

              About VRG Liquidating, LLC

Vestis Retail Group and eight of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Lead Case No. 16-10971) on
April 18, 2016. The Debtors estimated assets in the range of $0 to
$50,000 and debts of $100 million to $500 million. The petitions
were signed by Thomas A. Kennedy as secretary.

Headquartered in Meriden, Connecticut, Vestis Retail Group, LLC, et
al., operate 144 retail stores, which are located in 15 states.
Bob's Stores operates 36 stores throughout New England, New York,
and New Jersey. Eastern Mountain Sports operates 61 stores, located
primarily in the Northeastern states. Sport Chalet operates 47
stores throughout California, Arizona, and Nevada. Bob's Stores and
EMS primarily operate stores located in the Northeastern states,
while Sport Chalet's stores, which are currently being liquidated,
are located in the Western states.

Prior to the Petition Date, each of the three Debtor retailers
operated an e-commerce site at, respectively, www.bobstores.com,
www.sportchalet.com, and www.ems.com. In 2015, the Debtors
collectively generated 5% of their total sales, or approximately
$32 million, through e-commerce, according to Court documents.

Judge Laurie Selber Silverstein is assigned to the cases.

The Debtors have hired Young, Conaway, Stargatt & Taylor, LLP as
their counsel, FTI Consulting, Inc. and Lincoln Partners Advisors
LLC as their financial advisor and Kurtzman Carson Consultants,
LLC, as their claims and noticing agent, KPMG LLP as tax compliance
and consulting service provider.

An official committee of unsecured creditors has been appointed in
the cases. The Committee has tapped Cooley LLP as its lead counsel
and Polsinelli as conflicts counsel. Zolfo Cooper, LLC serves as
its bankruptcy consultant and financial advisor.


WEATHERFORD INTERNATIONAL: Appoints Mark McCollum as Pres. & CEO
----------------------------------------------------------------
Weatherford International plc announced that after a full and
diligent search process, the Board has appointed Mr. Mark A.
McCollum as president and chief executive officer, as well as a
member of the Board of Directors, with an effective start date in
late April 2017.  Mr. McCollum is a proven executive with an
impressive background spanning over 36 years in the energy sector,
most recently as executive vice president and chief financial
officer at Halliburton Company.  In addition to Mr. McCollum
joining the Board of Directors of the Company, Mr. William Macaulay
has been appointed Chairman of the Board of Directors.

Mr. Macaulay, Weatherford's Chairman of the Board of Directors,
commented, "We are extremely excited to have Mark as our CEO and as
new member of the Board.  After conducting a thorough executive
search the Board determined that Mark's significant industry
experience, proven track record and leadership expertise makes him
the ideal choice to lead Weatherford."

Mr. Macaulay continued, "Consistent with our recent communications,
our near-term priorities remain unchanged and focused on driving
sustainable free cash flow, higher returns and improved financial
flexibility.  Furthermore, we remain committed to the core elements
of our near-term strategy and will achieve these objectives through
debt reduction, non-core asset dispositions and getting back to the
basics in the way we work as we continue serving our customers with
excellence and the highest level of service quality.  The Board and
I are highly confident that Mark is well suited to lead Weatherford
in these efforts and execute a longer-term strategy to position the
Company for the next chapter in its evolution.  We look forward to
working with him on these important steps."

Commenting on his appointment, Mr. McCollum said, "I am excited to
join the Company at such an important time.  Weatherford is an
excellent company with great people, technology and global reach. I
look forward to working with the team to build a stronger and
healthier Weatherford with a clear purpose and vision for the
future.  I believe Weatherford is well positioned to maximize
opportunities in the recovering market and provide exceptional
service to our customers and value to our shareholders."

Krishna Shivram will be departing as interim chief executive
officer effective immediately.  Christoph Bausch, Weatherford's
executive vice president and chief financial officer will serve as
acting chief executive officer until Mr. McCollum assumes the role
in a permanent capacity.

Mr. Macaulay concluded, "I would like to take this opportunity to
thank Krishna for his contributions to the Company and his years of
service at Weatherford.  Krishna was instrumental in helping us
through this transition process while setting the Company on the
right path forward.  The entire Weatherford family wishes him well
in his future endeavors."

                     About Mark A. McCollum

Mr. McCollum's has over 36 years of leadership experience in the
energy sector.  Most recently he served as chief financial officer
of Halliburton Company, a position he started in 2008 and resumed
in July of 2016 following an interim role as chief integration
officer during the pendency of Halliburton's proposed acquisition
of Baker Hughes Incorporated.  Prior to joining Halliburton, Mr.
McCollum held a number of senior positions at Tenneco, Inc.,
including chief financial officer, and served as an Audit and
Advisory Partner in Arthur Andersen's Energy Division, where he
began his career.

Mr. McCollum is a member of the Board of Directors and the Audit
and Compensation Committees at Archrock, Inc., previously known as
Exterran Holdings.  He is also a Regent at Baylor University and on
the Baylor College of Medicine Board of Trustees.  Mr. McCollum
received his Bachelor Degree in Business Administration and
Accounting from Baylor University, and is a registered CPA in the
State of Texas.

In connection with his appointment, the Board of Directors approved
the following compensation arrangements for Mr. McCollum:


   (1) annual base salay of $1.0 million;

   (2) eligibility to participate in the Company's Executive
          Non-Equity Incentive Compensation Plan, as described in
          the Company's annual proxy statement filed with the
          Securities and Exchange Commission on April 26, 2016,
          with threshold, target and superior metrics (expressed
          as a percentage of base salary) set at 60%, 120% and
          180%, with a possible comparative performance multiplier
          and non-discretionary metrics that will be described in
          the Company's 2017 proxy statement;

      (3) a long term equity incentive award of $6 million,
          consisting of 50% restricted share units and 50%
          performance share units, vesting in equal installments
          over a three year period using the closing stock price
          the day immediately prior to the grant; and

      (4) an inducement award of restricted share units with a
          value equal to $3 million, vesting 25% (first
          anniversary), 25% (second anniversary), and 50% (third
          anniversary) using the closing stock price the day
          immediately prior to the grant;

provided, however, that if Mr. McCollum's employment is terminated
at any time during the first three years of his employment other
than for "cause," or by Mr. McCollum for "good reason," as those
terms are defined in the CIC Agreement), Mr. McCollum will receive
(i) two times his current annual base salary and (ii) the units
described in clause (4) above will vest immediately.

                       About Weatherford

Ireland-based Weatherford International plc (NYSE: WFT) --
http://www.weatherford.com/-- is one of the largest multinational
oilfield service companies providing innovative solutions,
technology and services to the oil and gas industry.  The Company
operates in over 100 countries and has a network of approximately
1,000 locations, including manufacturing, service, research and
development, and training facilities and employs approximately
31,000 people.  

Weatherford International reported a net loss attributable to the
Company of $3.39 billion on $5.74 billion of total revenues for the
year ended Dec. 31, 2016, compared to a net loss attributable to
the Company of $1.98 billion on $9.43 billion of total revenues for
the year ended Dec. 31, 2015.  As of Dec. 31, 2016, Weatherford had
$12.66 billion in total assets, $10.59 billion in total liabilities
and $2.06 billion in total shareholders' equity.

                         *     *     *

In November 2016, Fitch Ratings has downgraded the ratings for
Weatherford and its subsidiaries, including the companies'
Long-Term Issuer Default Ratings (IDRs) to 'CCC' from 'B+'.

In November 2016, S&P Global Ratings lowered its corporate credit
rating on Weatherford International to 'B+' from 'BB-'.  "The
downgrade reflects our revised free operating cash flow estimates
for Weatherford following weaker-than-anticipated cash inflows in
the third quarter," said S&P Global Ratings credit analyst Carin
Dehne-Kiley.


WEST VIRGINIA HIGH: Court Extends Time to Confirm Plan Thru Aug. 4
------------------------------------------------------------------
Judge Patrick M. Flatley has extended West Virgnia High Technology
Consortium Foundation and HT Foundation Holdings, Inc.'s exclusive
time to obtain confirmation of its plan of reorganization through
August 4, 2017.

As reported in the February 10, 2017 edition of The Troubled
Company Reporter, the Debtors have filed a First Amended Disclosure
Statement and Joint Chapter 11 Plan, contemplating a 100% recovery
for allowed general unsecured claims to be paid in 12 quarterly
installments.  The original plan proposed to pay the unsecured
claims in 4 quarterly installments.

The TCR's March 1 edition also related that the Debtors are asking
for more time to resolve Huntington's objections to their proposed
Plan.

                About West Virginia High

West Virginia High Technology Consortium Foundation and HT
Foundation Holdings, Inc., filed chapter 11 petitions (Bankr. N.D.
W.Va. Case Nos. 16-00806 and 16-00807) on Aug. 4, 2016.  The
petitions were signed by James L. Estep, president and CEO. The
Hon. Patrick M. Flatley presides over the case.  In its petition,
the Debtors estimated $10 million to $50 million in both assets and
liabilities.

David B. Salzman, Esq., at Campbell & Levine, LLC, serves as
bankruptcy counsel. The Debtor employs Rolston & Company as real
estate appraiser; Easter Valley, LLC as real estate broker; and
Arnett Carbis Toothman, LLP as accountants.

                          *     *     *

On February 3, 2017, the Debtors filed with the Bankruptcy Court a
First Amended Disclosure Statement and Joint Plan of
Reorganization.  Under the Amended Plan, each holder of a Class 6
General Unsecured Claim will receive an amount equal to 100% of the
unpaid amount of their Allowed General Unsecured Claim over 3 years
in 12 consecutive, equal, quarterly installments, with the first
payment due no later than 60 days after the Effective Date.

The initial plan originally proposed to pay the Unsecured Claimants
in 4 quarterly payments.

The Debtors will fund payments to creditors with Allowed Claims in
Classes 2, 3, 4, 5 and 6 with (i) the net proceeds of their
operating revenue, (ii) the net proceeds generated from the
Avoidance Actions and the Huntington Causes of Action, and (iii)
unrestricted cash held by the Debtors which is projected to be in
excess of $1,000,000 on the Effective Date.

A full-text copy of the 1st Amended Disclosure Statement is
available at http://bankrupt.com/misc/wvnb1-16-00806-249.pdf


WHICKER ASSET: Saul Ewing Represents Channel Prime Alliance, et al
------------------------------------------------------------------
Saul Ewing LLP filed with the U.S. Bankruptcy Court for the
Northern District of Texas a verified statement pursuant to Rule
2019 of the Federal Rules of Bankruptcy Procedure, saying that it
represents creditors Channel Prime Alliance, Amoco Polymers, Entec,
Inc., and Ravago Holdings America, Inc., in the Chapter 11 cases of
Whicker Asset Management, LLC, et al.

The claims and interests of the Creditors against the Debtors may
include, but are not necessarily limited to, secured claims,
unsecured claims, and administrative claims.  At this time, the
Firm cannot specify the amounts of these claims or interests.

Each of the Creditors has retained the Firm to represent their
individual interests in connection with these cases.

Upon information and belief, the Firm does not hold any claims
against or equity interests in the Debtors.

The Firm can be reached at:

         Sharon L. Levine, Esq.
         Dipesh Patel, Esq.
         SAUL EWING LLP
         1037 Raymond Boulevard, Suite 1520
         Newark, NJ 07102
         Tel: (973) 286-6713
         Fax: (973) 286-6821
         E-mail: slevine@saul.com
                 dpatel@saul.com

                 About Whicker Asset Management

Whicker Asset Management, LLC, and Whicker Real Estate Holdings,
LLC, both based in Garland, TX, filed a Chapter 11 petition (Bankr.
N.D. Tex. Lead Case No. 17-30584) on Feb. 15, 2017.  The Hon.
Barbara J. Houser (17-30584) and Stacey G. Jernigan (17-30585)
preside over the cases.  Melanie P. Goolsby, Esq., and Jason
Patrick Kathman, Esq., at Pronske Goolsby & Kathman, P.C., serve as
Debtors' bankruptcy counsel.  In its petition, Whicker Asset
Management estimated $1 million to $10 million in both assets and
liabilities.  The petition was signed by Richard C. Whicker,
president.


Z BEST RENTALS: Can Use Texas Capital Bank Cash Collateral
----------------------------------------------------------
Judge Jerry A. Funk of the U.S. Bankruptcy Court for the Middle
District of Florida on March 2, 2017, entered an order authorizing
Z Best Rentals, Inc., to use Texas Capital Bank's cash collateral.

A continued hearing on the Motion was held on March 1, 2017 at
10:00 a.m.

The terms and conditions of the Second Interim Order Authorizing
Debtor-in-Possession's Use of Cash Collateral of Texas Capital Bank
will remain in full force and effect.

Subject to the provisions of the Second Interim Order, the Debtor
is authorized to use cash collateral in accordance with the terms
and conditions of the Second Interim Order.

The Debtor requires the use of cash collateral in order to meet all
of its operational expenses.  Without the use of the cash
collateral, it will be unable to operate and will be unable to
reorganize.

The Debtor's proposed Budget provides for total monthly expenses of
$59,116.  The Budget is based on actual expenses incurred by the
Debtor from July 2016 to October 2016.

The Debtor will provide monthly adequate protection payments to
Texas Capital Bank of at least $5,000, beginning on Nov. 20, 2016.
The Debtor will further provide such other protections that are
deemed necessary to protect Texas Capital Bank's prepetition
position.

                        About Z Best Rentals

Z Best Rentals, Inc., based in Palm Coast, Florida, filed a
Chapter
11 petition (Bankr. M.D. Fla. Case No. 16-03586) on Sept. 23,
2016.
The petition was signed by Sherry Arnett, president.

The Debtor is in the business of renting household furnishings and
appliances.  The Debtor disclosed $2.35 million in assets and
$2.71
million in liabilities as of the bankruptcy filing.

The Debtor is represented by Lisa C. Cohen, Esq., at Ruff & Cohen,
P.A.  

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


[*] Bipartisan Bill to Improve Bankruptcy Court System Filed
------------------------------------------------------------
U.S. Senators Chris Coons (D-Del.), Debbie Stabenow (D-Mich.),
Marco Rubio (R-Fla.), and Bill Nelson (D-Fla.) introduced The
Bankruptcy Judgeship Act of 2017.  This legislation would ensure
that individuals and corporations have access to well-functioning
bankruptcy courts even when temporary judgeships expire.

"A functioning bankruptcy court system is essential to our nation's
economy. At a time when both individuals and corporations need to
access the resources of bankruptcy courts, Congress must act to
extend bankruptcy judgeships in judicial districts where they are
most needed," said Senator Coons. "Talented bankruptcy judges can
help turn a likely economic loss into a successful reorganization
that protects jobs and creditors. This legislation will ensure that
these judgeships remain in place and courts can continue to fairly
and expeditiously resolve bankruptcy claims — a key component of
our economy as companies and individuals get back on their feet.
This bill will ensure that when bankruptcy judges on courts with
temporary judgeships retire, their colleagues will not be left with
crushing caseloads that restrict timely access to our bankruptcy
courts."

"Federal bankruptcy laws make it possible for individuals and
businesses to reorganize their debts, but a significant impediment
to a well-functioning system has been Congress' failure to
appropriately authorize judgeships as recommended by the
nonpartisan Judicial Conference of the United States," said Senator
Rubio. "This legislation will implement recommendations from the
Judicial Conference that will help ensure more manageable caseloads
across the country—including in Florida and Puerto Rico—and
ultimately a more efficient system."

Press Contact

Sean Coit (Coons) at 202-224-5042 or Sean_Coit@coons.senate.gov

Matt Wolking (Rubio) at 202-224-3041 or
Matt_Wolking@rubio.senate.gov


[*] Former Attorney Pleads Guilty to Bankruptcy Fraud
-----------------------------------------------------
The American Bankruptcy Institute, citing The Ledger, reported that
a 60-year-old former attorney from Winter Haven on March 15 pled
guilty to concealment of assets from a bankruptcy estate, said
Acting U.S. State's Attorney W. Stephen Muldrow.

According to the report, Josiah E. Hutton faces a maximum penalty
of five years in federal prison when he is sentenced June 5.

According to the plea agreement, Hutton was retained to represent a
debtor who was planning to file for bankruptcy, the report said.
In anticipation of filing a bankruptcy petition, Hutton received a
settlement check, which was property of the debtor's bankruptcy
estate, and deposited it into his attorney escrow account, the
report related.

Hutton later prepared and certified the debtor's bankruptcy
petition, yet he failed to list the settlement check as an asset,
thereby concealing the asset from creditors and the Bankruptcy
Court, the report further related.

The case was investigated by the Federal Bureau of Investigation
and the Florida Department of Law Enforcement, the report noted.


[*] Senators Introduce Bill to Improve Bankruptcy Court System
--------------------------------------------------------------
U.S. Senators Chris Coons (D-Del.), Debbie Stabenow (D-Mich.),
Marco Rubio (R-Fla.), and Bill Nelson (D-Fla.) on March 15
introduced The Bankruptcy Judgeship Act of 2017.  This legislation
would ensure that individuals and corporations have access to
well-functioning bankruptcy courts even when temporary judgeships
expire.

"A functioning bankruptcy court system is essential to our nation's
economy. At a time when both individuals and corporations need to
access the resources of bankruptcy courts, Congress must act to
extend bankruptcy judgeships in judicial districts where they are
most needed," said Senator Coons. "Talented bankruptcy judges can
help turn a likely economic loss into a successful reorganization
that protects jobs and creditors. This legislation will ensure that
these judgeships remain in place and courts can continue to fairly
and expeditiously resolve bankruptcy claims -- a key component of
our economy as companies and individuals get back on their feet.
This bill will ensure that when bankruptcy judges on courts with
temporary judgeships retire, their colleagues will not be left with
crushing caseloads that restrict timely access to our bankruptcy
courts."

"Federal bankruptcy laws make it possible for individuals and
businesses to reorganize their debts, but a significant impediment
to a well-functioning system has been Congress' failure to
appropriately authorize judgeships as recommended by the
nonpartisan Judicial Conference of the United States," said Senator
Rubio. "This legislation will implement recommendations from the
Judicial Conference that will help ensure more manageable caseloads
across the country -- including in Florida and Puerto Rico—and
ultimately a more efficient system."

Press Contact:

Sean Coit (Coons)
202-224-5042
Sean_Coit@coons.senate.gov

Matt Wolking (Rubio)
202-224-3041
Matt_Wolking@rubio.senate.gov


[^] BOOK REVIEW: Lost Prophets
------------------------------
Author: Alfred L. Malabre, Jr.
Publisher: Beard Books
Softcover: 256 pages
List Price: $34.95
Review by Henry Berry

Order your personal copy today at http://is.gd/KNTLyr

Alfred Malabre's personal perspective on the U.S. economy over the
past four decades is firmly grounded in his experience and
knowledge.  Economics Editor of The Wall Street Journal from 1969
to 1993 and author of its weekly "Outlook" column, Malabre was in
a singular position to follow the U.S. economy in recent decades,
have access to the major academic and political figures
responsible for economic affairs, and get behind the crucial
economic stories of the day.  He brings to this critical overview
of the economy both a lively, often provocative, commentary on the
picture of the turns of the economy.  To this he adds sharp
analysis and cogent explanation.

In general, Malabre does not put much stock in economists. "In
sum, the profession's record in the half century since Keynes and
White sat down at Bretton Woods [after World War II] provokes
dismay."  Following this sour note, he refers to the belief of a
noted fellow economist that the Nobel Prize in this field should
be discontinued.  In doing so, he also points out that the Nobel
for economics was not one originally endowed by Alfred Nobel, but
was one added at a later date funded by the central bank of Sweden
apparently in an effort to give the profession of economists the
prestige and notice of medicine, science, literature and other
Nobel categories.

Malabre's view of economists is widespread, although rarely
expressed in economic circles.  It derives from the plain fact
that modern economists, even hugely influential ones such as John
Meynard Keynes, are wrong as many times as they are right.  Their
economic theories have proved incomplete or shortsighted, if not
basically wrong-headed.  For example, Malabre thinks of the
leading economist Milton Friedman and his "monetarist colleagues"
as "super salespeople, successfully merchandising.an economic
medicine that promised far more than it could deliver" from about
the 1960s through the Reagan years of the 1980s.  But the author
not only cites how the economy has again and again disproved the
theories and exposed the irrelevance of wrong-headedness of the
policy recommendations of the most influential economists of the
day.  Malabre also lays out abundant economic data and describes
contemporary marketplace and social activities to show how the
economy performs almost independently of the best analyses and
ideas of economists.

Malabre does not engage in his critiques of noted economists and
prevailing economic ideas of recent decades as an end in itself.
What emerges in all of his consistent, clear-eyed, unideological
analysis and commentary is his own broad, seasoned view of
economics-namely, the predominance of the business cycle.  He
compares this with human nature, which is after all the substance
of economics often overlooked by professional and academic
economists with their focus on monetary policy, exchange rates,
inflation, and such.  "The business cycle, like human nature, is
here to stay" is the lesson Malabre aims to impart to readers
interested in understanding the fundamental, abiding nature of
economics.  In Lost Prophets, in language that is accessible and
jargon-free, this author, who has observed, written about, and
explained economics from all angles for several decades,
persuasively makes this point.

In addition to holding a top position at The Wall Street Journal,
Malabre is also the author of the books, Understanding the New
Economy and Beyond Our Means, which received the George S. Eccles
Prize from the Columbia Business School as the best economics book
of 1987.


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2017.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-362-8552.

                   *** End of Transmission ***