TCR_Public/170414.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, April 14, 2017, Vol. 21, No. 103

                            Headlines

1550 BLUE JAY: Hires Douglas Elliman as Real Estate Broker
71 CLINTON INC: DOJ Watchdog Re-appoints J. DiPasquale as Trustee
A&D PROPANE: Hires Bryan Brassell to Prepare Tax Return
AFFATATO 1 SERVICES: Wants Interim Approval to Use Cash Collateral
AKORN INC: S&P Puts 'B+' CCR on CreditWatch Positive

ALBAUGH LLC: S&P Affirms 'B+' CCR & Revises Outlook to Positive
ALLIED UNIVERSAL: Moody's Rates Proposed $100MM Term Loan B2
AMERIGO INC: Hires Gray Law Offices as Attorney
B&T ENTERPRISES: Hires Suzy Tate as Bankruptcy Counsel
BE MY GUEST LLC: Hires Metropolitan Valuation as Appraiser

BIRCH COMMUNICATIONS: S&P Puts 'B' CCR on CreditWatch Negative
BLANKENSHIP FARMS: Ch.11 Trustee Hires Baker Donelson as Counsel
BLOCKSPORT VOLLEYBALL: Hires Eric Liepins as Counsel
BOOZ ALLEN: S&P Affirms 'BB' CCR & Revises Outlook to Stable
BUCKTAIL MEDICAL: PCO Files 8th Interim Report

CALIFORNIA PROTON: Scripps Clinic Tries to Block DIP Financing
CAPITOL CABLE: Seeks to Hire Rosenblatt as Legal Counsel
CARRINGTON FARMS: Authorized to Use Cash Collateral Until May 31
CENTURY COMMUNITIES: Moody's Puts B3 CFR on Review for Upgrade
CHECKERS DRIVE-IN: S&P Assigns 'B-' CCR; Outlook Stable

CIBER INC: Files Voluntary Chapter 11 Bankruptcy Petition
CLINTONDALE COMMUNITY: Moody's Hikes GOULT Rating to Ba1
CONCH HOUSE: Hires Burgess as Bankruptcy Counsel
CUMULUS MEDIA: Moody's Cuts CFR to Caa2; Outlook Negative
DAILY HAVEN: Files Projected Income for Dec. 2016 to Oct. 2017

DAVITA INC: Moody's Hikes CFR to Ba2; Outlook is Stable
DIFFUSION PHARMACEUTICALS: Will Hold Annual Meeting on June 15
ENERGY FUTURE: Court Gives Interim OK to $32M in Professional Fees
EVERETT'S AUTOMOTIVE: Hires Schechter and Smith Firms as Counsel
FERRARA CANDY: S&P Lowers CCR to 'B-' on Operational Misses

FIELDPOINT PETROLEUM: LeRoy Landhuis Hikes Equity Stake to 8.29%
GAINESVILLE HOSPITAL: Moody's Rates $19.54MM Limited Tax Bonds Ba1
GASTAR EXPLORATION: Moody's Withdraws Caa3 Corporate Family Rating
GENERAL WIRELESS: Hires Crowe Horwath as Tax Accountants
GENERAL WIRELESS: Taps CR3 Partners as Consultant

GLOBAL PAYMENTS: S&P Retains 'BB+' Corporate Credit Rating
GREENE TECHNOLOGIES: Hires Fintel and Associates as Attorneys
HALYARD HEALTH: S&P Affirms 'BB-' CCR & Revises Outlook to Neg.
HARRINGTON & KING: Court Allows Further Use of Cash Collateral
HCR MANORCARE: Enters Into Forbearance Agreement with Quality Care

HOUSTON PLATE: Hires Mark Eyring as Accountant
ICSH PARENT: Moody's Assigns B3 Corporate Family Rating
ICSH PARENT: S&P Assigns 'B' CCR on Acquisition by Centerbridge
ILIANA NEUROSPINE: Hires Powers Pyles Sutter as Healthcare Counsel
IMPLANT SCIENCES: Equity Panel Denied More Leeway to Sue Lenders

IPAYMENT INC: Moody's Hikes CFR to B3; Outlook Stable
IPAYMENT INC: S&P Lowers CCR to 'SD' on Distressed Debt Exchange
JAZZ SECURITIES: Moody's Affirms Ba3 CFR & Alters Outlook to Stable
JET SERVICES INC: Asks Court Permission to Use Cash Collateral
JEVIC HOLDING: Structured Dismissal Can't Breach Creditor Hierarchy

KENTUCKY ASSOCIATES: Taps Zipp Tannenbaum as Special Counsel
LA PALOMA: Fee Examiner Taps Goldstein & McClintock as Counsel
LAKE NAOMI REAL ESTATE: Taps Mark Kneeream as Accountant
LILY ROBOTICS: Committee Retains Richards Layton as Co-counsel
LINCOLN MEDICAL: Disclosure Statement Hearing Set for May 11

MACIEJ PAINT: Hires Faelon Partners as Business Broker
MARBLES HOLDINGS: Spin Master Approved as Stalking Horse Bidder
MCNEILL PROPERTIES: Plan Outline Okayed, Plan Hearing on May 10
MEDIACOM COMMUNICATIONS: S&P Affirms 'BB' CCR, Outlook Stable
MIDWEST FARM: Has Preliminary Authority to Use Cash Collateral

NAKED BRAND: Amends LOI to Reflect $34M in Balance Sheet Change
NAKED BRAND: Gets $5.5-Mil. in Gross Proceeds from Stock Offering
NEXT GROUP: Will Buy Back 75% of Finance Groups' Outstanding Notes
NORTH COAST TOOL: Hires Foster Law as Counsel
OLD BOXCAR: Hires Michael O'Connor as Counsel

OLD FASHION BUTCHER: Hires Corash & Hollender as Attorneys
OLIVE BRANCH: To Pay Unsecureds in Full, with 0.91% Interest
PANDA TEMPLE: S&P Cuts Secured Debt Rating to 'D' on Nonpayment
PAYLESS SHOESOURCE: Bankruptcy Judge Approves First-Day Motions
POST EAST: Unsecureds to Get 100% Over 6 Months Under Plan

PRATT WELL: Hires Evenson Auctioneers as Auctioneer & Appraiser
RADIO SYSTEMS: S&P Affirms 'B' CCR & Revises Outlook to Stable
RAIN TREE: Bankr. Administrator Appoints Victor Orija as PCO
RAIN TREE: Bankr. Administrator Seeks Trustee, Examiner Appointment
RATAMESS CHIROPRACTIC: To Pay Unsecureds in Full Over 60 Months

RELATIVITY FASHION: Wants 2nd Circuit to Affirm Win Against Netflix
RELIABLE HUMAN: Unsecured Creditors to be Paid 5% Over 180 Days
RENNOVA HEALTH: Will be Required to Raise Capital to Fund Operation
RFI MANAGEMENT: Hires Padgett as Accountant
RHP HOTEL: S&P Assigns 'BB' Rating on Proposed $200MM Term Loan A

ROBSTOWN, MI: Fitch Withdraws BB+ Issuer Default Ratings
ROCKY MOUNTAIN: Lily Li Acquires Majority Stake
ROGERS & SON: Hires Wolgamuth as Accountant
RP BROADCASTING: Ch.11 Trustee Hires Piercy Bowler as Accountants
RPM HARBOR: Case Summary & 20 Largest Unsecured Creditors

RUBLE HOLDINGS: Hires R. Ben Young as Accountant
SCS HOLDINGS I: S&P Affirms 'B+' CCR & Revises Outlook to Stable
SHIFFER INC: Hires Cunningham Chernicoff as Counsel
STANDARDAERO AVIATION: S&P Affirms 'B-' Corp. Credit Rating
STEVE'S FROZEN: Hires Gasparri Law Office as Attorney

STRIDE ACADEMY: S&P Lowers Rating on 2016A/B Revenue Bonds to CCC-
TALOS ENERGY: S&P Lowers CCR to 'SD' on Distressed Exchange
TAUREN EXPLORATION: Hires Orenstein Law as Co-Counsel
TRANSDIGM GROUP: Fitch Affirms B Long-Term IDRs, Outlook Stable
TUTOR PERINI: Fitch Assigns First-Time B+ Issuer Default Rating

UCP INC: S&P Puts 'B-' CCR on Watch Pos. on Acquisition Notice
ULURU INC: Velocitas Holds 76.7% Equity Stake as of Feb. 27
UMPQUA MASTER: Fitch Assigns BB Trust Preferred Securities Rating
UNIQUE VENTURES: Ch.11 Trustee Hires MacDonald Illig as Counsel
UNITED MOBILE: Can Continue Using Cash Collateral Until May 31

UNITI GROUP: Southern Light Deal No Impact on Fitch's 'BB-' IDR
W&T OFFSHORE: S&P Affirms 'CCC' CCR on Capital Structure Review
YULONG ECO-MATERIALS: April 12 NASDAQ Listing Compliance Deadline
ZEST HOLDINGS: Moody's Assigns B3 Rating to Sr. Secured Term Loan
ZEST HOLDINGS: S&P Assigns 'B' Rating on Proposed $268MM Loan

[*] Charles Kline, Jason Domark & Reid Kline Join Cozen O'Connor
[*] Moody's: Global Speculative-Grade Default Rate Falls in Q1
[^] BOOK REVIEW: The Sorcerer's Apprentice - Medical Miracles

                            *********

1550 BLUE JAY: Hires Douglas Elliman as Real Estate Broker
----------------------------------------------------------
1550 Blue Jay Way, LLC, a Delaware limited liability company, seeks
authorization from the U.S. Bankruptcy Court for the Central
District of California to employ Douglas Elliman of California,
Inc., as real estate broker.

The Debtor requires the Broker to market and sell the Debtor's
property located at 1550 Blue Jay Way, Los Angeles, CA 90069.

The firm will render services at a flat, commission rate of a 5%,
to be calculated based on the total sale price of the Property,
which is payable immediately upon close of escrow. Commission will
be split 50/50 to the agent who procures the buyer.

Joshua Altman, associate with Douglas Elliman of California, Inc.,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtor and its estates.

The Broker may be reached at:

      Joshua Altman
      Douglas Elliman of California, Inc.
      150 S El Camino Drive, Suite 150
      Beverly Hills, CA 90212
      Tel: 310-819-3250

                    About 1550 Blue Jay Way, LLC

1550 Blue Jay Way, LLC, a Delaware Limited Liability Company, of
Newport Beach, California, filed a Chapter 11 petition (Bankr. C.D.
Cal. Case No. 16-15171) on December 22, 2016. The petition was
signed by Jeffrey Yohai, managing member of Baylor Holding, LLC.
The Hon. Catherine E. Bauer presided this case. The Debtor is
represented by Marc C. Forsythe, Esq. of Goe & Forsythe, LLP. The
Debtor disclosed $1 million to $10 million in assets and
liabilities at the time of the filing.


71 CLINTON INC: DOJ Watchdog Re-appoints J. DiPasquale as Trustee
-----------------------------------------------------------------
William K. Harrington, the United States Trustee, filed a Notice of
Re-appointment with the U.S. Bankrutcy Court for the Southern
District of New York of Joseph J. DiPasquale as Chapter 11 Trustee
for the estate of 71 Clinton, Inc., subject to Court approval.

The Notice provides that no bond is necessary for the
re-appointment of Mr. DiPasquale.

On March 1, 2017, the United States Trustee moved to re-open the
case and for other relief. It was on July 29, 2015 that an Order
was entered approving the appointment of DiPasquale as Trustee, but
the case was moved to dismiss on November 13, 2015.

            About 71 Clinton

71 Clinton, Inc. filed a Chapter 11 petition (Bankr. S.D. N.Y. Case
No. 14-12830) on October 7, 2014, and is represented by David
Carlebach, Esq., in New York, New York.

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

The petition was signed by Steven Rosenfeld, president.

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


A&D PROPANE: Hires Bryan Brassell to Prepare Tax Return
-------------------------------------------------------
A&D Propane, Inc. seeks authorization from the U.S. Bankruptcy
Court for the Southern District of Texas to employ Bryan Brassell,
EA of Padgett Business Services to act as enrolled agents for the
estate.

The Debtor requires Mr. Brassell to:

   (a) prepare the Debtor's 2016 Federal Income Tax Return;

   (b) prepare the Debtor's 940 and 941 Tax Reports; and

   (c) prepare the monthly operating reports for this Court.

Mr. Brassell will be paid on a monthly basis without the necessity
for filing a fee application.  Mr. Brassell has agreed to charge
the following flat fees for work performed:

    -- $1,500 to prepare the Debtor's 2016 Federal Income Tax
       Return;

    -- $200 to prepare the Debtor's 940 and 941 Tax Reports; and

    -- $260 to prepare each monthly operating report.

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

Pre-petition, Mr. Brassell was owed $959 by the Debtor but has
agreed to waive these fees.

Bryan Brassell assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtor and
its estate.

Mr. Brassell Law can be reached at:

       Bryan Brassell
       PADGETT BUSINESS SERVICES
       9950 Cypresswood Dr Ste 217
       Houston, TX 77070
       Tel: (281) 897-9141
       Fax: (281) 897-9026

                       About A&D Propane Inc.

Based in Huntsville, Texas, A&D Propane, Inc. filed a Chapter 11
petition (Bankr. S.D. Tex. Case No. 17-31502) on March 7, 2017. The
Hon. Jeff Bohm presides over the case. Julie M. Koenig, Esq., at
Cooper & Scully, PC, to serve as bankruptcy counsel.

In its petition, the Debtor estimated $883,060 in assets and $1.56
million in liabilities.  The petition was signed by Robert Dobyns,
president.


AFFATATO 1 SERVICES: Wants Interim Approval to Use Cash Collateral
------------------------------------------------------------------
Affatato 1 Services, LLC, seeks authority from the U.S. Bankruptcy
Court for the Middle District of Florida to use cash collateral on
an interim basis.

The Debtor intends to use the cash collateral of Wells Fargo for
(a) the care, maintenance and preservation of the estate's assets;
(b) payment of necessary payroll and other operating expenses; (c)
the purchase of goods and services, including inventory; and (d)
the continued business operations.  As reflected on the Debtor's
operating budget, the Debtor anticipates to incur an average
monthly expenses of approximately $95,339.

As of the Petition Date, the unpaid outstanding balance of the
Debtor's indebtedness to Wells Fargo Bank, N.A. is:

   (a) approximately $2,050,193 under the Loan #42 Documents, which
includes principal and interest, late charges, and other charges
due, which is secured by the Warehouse, as well as all inventory,
chattel paper, accounts, equipment, and general intangibles of the
Debtor.

   (b) approximately $100,015 under the Loan #26 Documents, which
includes principal and interest, late charges, and other charges
due, which is secured by all accounts, deposit accounts, contract
rights, chattel paper, commercial tort claims, general intangibles,
inventory, fixtures, furniture and equipment of the Debtor.

A full-text copy of the Debtor's Motion, dated April 7, 2017, is
available at http://tinyurl.com/m5rokmn

A copy of the Debtor's Budget is available at
http://tinyurl.com/kh8lmnw

              About Affatato 1 Services, LLC

Affatato 1 Services, LLC, operates three corporate-owned 123 Dollar
Stores in Clermont Florida; Orlando, Florida; and Ocoee, Florida.
It owns a 35,000 square foot warehouse located at 2017 Sprint
Boulevard, Apopka, Florida.  Currently, there are 3 franchisees
operating 123 Dollar Store locations as well as two in Orlando,
Florida and one in Kissimmee, Florida.

Affatato 1 Services, LLC, based in Apopka, FL, filed a Chapter 11
petition (Bankr. M.D. Fla. Case No. 17-01425) on March 6, 2017.
The petition was signed by Francisco Affatato, chief executive
officer.  In its petition, the Debtor estimated $1 million to $10
million in both assets and liabilities.  The Debtor is represented
by Aldo G. Bartolone, Jr., Esq., at Bartolone Law, PLLC.


AKORN INC: S&P Puts 'B+' CCR on CreditWatch Positive
----------------------------------------------------
S&P Global Ratings placed its ratings on Akorn Inc., including the
'B+' corporate credit rating and 'BB-' issue-level ratings, on
CreditWatch with positive implications.

The rating action is in response to Akorn's announcement that is in
discussions with a subsidiary of Fresenius SE & Co. KGaA
(BBB-/Stable/A-3) about a potential acquisition of the company. The
details on the transaction's funding have yet to be announced.

"The rating action reflects the potential for higher ratings on
Akorn as a part of the consolidated entity if the acquisition is
completed," said S&P Global Ratings credit analyst Tulip Lim.

Upon the completion of the transaction, S&P expects to resolve the
CreditWatch listings to reflect the final ratings on the
consolidated entity, the status of Akorn relative to the
consolidated whole, and the status of the debt.  If the acquisition
is not consummated as planned, S&P would likely affirm the ratings
and remove the ratings from CreditWatch.



ALBAUGH LLC: S&P Affirms 'B+' CCR & Revises Outlook to Positive
---------------------------------------------------------------
S&P Global Ratings revised its rating outlook on Albaugh LLC to
positive from stable and affirmed its 'B+' corporate credit rating
on the company.

At the same time, S&P raised its issue-level ratings on Albaugh's
senior secured credit facility to 'BB' from 'BB-' and revised S&P's
recovery ratings on the facility to '1' from '2'.  The '1' recovery
rating indicates S&P's expectation for very high recovery (90% to
100% range; rounded estimate 90%) in the event of a payment
default.

"The revision of the outlook to positive reflects our expectation
of improved credit measures in 2017 and 2018," said S&P Global
Ratings credit analyst Michael McConnell.  "Credit measures
improved in 2016 due to a combination of improved volumes, an
improving margin product mix, and better than expected performance
from the acquired Consagro business in Brazil.  In our view, the
company is also benefiting from customers trading down to more
affordable off-patent crop protection chemicals as a way to cut
costs relative to more-expensive patented products.  While we
continue to believe there will be high volatility in the company's
profitability going forward, we expect EBITDA to remain above
levels achieved in 2015."

The revision of the senior secured recovery rating to '1' from '2',
which results in higher issue level ratings, is due to the improved
earnings experienced in 2016, and S&P's expectation that at least a
portion of this improvement is sustainable.  S&P has revised its
emergence EBITDA assumption modestly higher to reflect that
expectation.

S&P Global Ratings could raise the rating within the next 12 months
if the company sustains or improves upon the level of EBITDA
achieved in 2016, such that FFO/debt exceeds 20% on a weighted
average sustainable basis.  Based on S&P's upside scenario
forecast, it could consider a higher rating if revenue grows in
excess of 10% while EBITDA margins are sustained at 2016 levels.
Additionally, S&P would need to gain more clarity regarding the
company's growth initiatives and future financial policies, before
considering a higher rating.

S&P could revise the outlook to stable within the next 12 months if
the company's profitability is adversely impacted by factors such
as weakening pricing, unfavorable weather patterns affecting
volumes, or unfavorable currency impacts.  If such conditions led
to a decline in EBITDA margins of 200 basis points or more from
2016 levels, S&P would expect that FFO to total debt would remain
below 20% on a sustained basis.  S&P could also lower the rating
if, against its expectations, the company's financial policies
suddenly became more aggressive.



ALLIED UNIVERSAL: Moody's Rates Proposed $100MM Term Loan B2
------------------------------------------------------------
Moody's Investors Service assigned a B2 rating to Allied Universal
Holdco LLC's proposed $100 million Delayed Draw Term Loan due 2022.
There is no change to the company's B3 Corporate Family Rating
(CFR) or existing instrument ratings. The outlook is unchanged at
stable.

In addition to the delayed draw facility the company is seeking to
amend its existing $1.4 billion add-on first lien term loan,
reducing pricing by 75 bps. Moody's views the proposed amendment as
credit positive as it would save the company around $10 million in
annual interest expense, although pro-forma credit metrics are
relatively unchanged. Leverage and interest coverage (EBITA /
Interest Expense) are slightly weaker than at the time of the
merger as a result of higher debt levels used to fund acquisitions
and lower organic EBITDA which has been impacted by wage pressure.
However metrics remain in line with the B3 rating.

Proceeds of the proposed delayed draw term loan are expected to be
used for pending tuck-in acquisitions which is consistent with
Moody's expectations and incorporated in the company's B3 rating.
Since the merger between Allied Security Holdings LLC and USAGM
Holdco LLC in August of 2016 the company has made four tuck in
acquisitions totaling over $150 million with proceeds from the
company's $250 million delayed draw facility that has since
expired.

Moody's took the following rating action:

Issuer: Allied Universal Holdco LLC

$100 million senior secured first lien delayed draw term loan due
2022, Assigned at B2 (LGD3)

RATINGS RATIONALE

Allied Universal's B3 CFR reflects the company's highly leveraged
capital structure resulting from the debt-financed merger of Allied
Security Holdings LLC and USAGM Holdco LLC, as well as a history of
aggressive financial policies at both entities that included debt
financed dividend recapitalizations and acquisitions. The rating is
also constrained by integration risks related to the merger and
acquisitions, as well as the intensely competitive and fragmented
US security services industry in which the company operates,
resulting in relatively low operating margins. Moody's expects the
company will remain acquisitive, as organic growth will be modest.
The rating is supported by Allied Universal's meaningful position
in the US security services industry and Moody's expectation that
over the longer term the company's meaningful operating scale and
cost reduction synergies will support EBITDA growth. The rating
also benefits from the recession resistant nature of the security
services business and the company's good liquidity profile.

The stable outlook reflects Moody's expectation that steady
operating performance supported by the company's scale, synergy
realization, and organic revenue growth will drive credit metric
improvement.

The ratings could be upgraded if Allied Universal is able to
successfully execute on its growth strategy resulting in revenue
growth and improved reported margins (before run-rate and synergy
add backs) such that debt to EBITDA is sustained below 6.0 times
and retained cash flow to debt exceeds 10%. It would also require
the company to maintain its good liquidity profile and an
expectation that financial policies will support credit metrics
sustained at those levels.

Allied Universal's ratings could be downgraded if the company is
unable to execute on the merger and recent acquisitions as
expected, resulting in fewer operating synergies, weaker margins,
lower earnings or the loss of contracts with key customers. A
downgrade could be warranted if EBITA to interest falls below one
time or debt-to-EBITDA is sustained above 7 times. In addition, a
deterioration of liquidity characterized by persistently weak cash
flows that would require increasing reliance on revolver drawings
to cover operational needs, could pressure the rating lower, as
well as aggressive financial policies such as shareholder returns
or debt-financed acquisitions.

Allied Universal Holdco LLC the largest North American security
services company with pro-forma revenue of approximately $5.1
billion. The company is majority owned by private equity firms
Warburg Pincus LLC and French investment company Wendel Group
(Wendel).


AMERIGO INC: Hires Gray Law Offices as Attorney
-----------------------------------------------
Amerigo, Inc., seeks authorization from the U.S. Bankruptcy Court
for the District of Idaho to employ the Gray Law Offices, PLLC as
Chapter 11 counsel.

The Debtor requires the Firm to:

     a. assist the Debtor in Possession in preparing Schedules,
Statement of Financial Affairs, a Disclosure Statement and Chapter
11 Plan for Reorganization; and

     b. assist in all other activities necessary to carry out its
duties and responsibilities as Debtor in possession in a Chapter 11
bankruptcy.

The Debtor will compensate the Firm at $180 per hour.

The Debtor has paid the law firm of Gray Law Offices, PLLC a
retainer fee of $21,171 for services rendered or to be rendered in
this case.  Of that amount $1,457 was applied to pre-petition fees
and  $1,717 for cost of filing, for a total of $3,174 for fees and
costs incurred in the preparation and filing of the case.  The
balance of $18,543 is being held trust with the understanding that
said sum will be applied to post-petition fees and costs incurred.

Monte Gray, Esq., sole owner of Gray Law Offices, PLLC, assured the
Court that the firm and does not represent any interest adverse to
the Debtor and its estates.

The Firm may be reached at:

      Monte Gray, Esq.
      Gray Law Offices, PLLC
      427 N. Main Street, Suite L
      PO Box 37
      Pocatello, ID 83204-0037
      Tel: (208)232-4471
      Fax: (888)900-1610
      E-mail: montegray@cableone.net

Amerigo, Inc., filed a Chapter 11 bankruptcy petition (Bankr. D.
Idaho Case No. 15-40350) on April 20, 2015, listing under $50,000
in assets and between $1 million to $10 million in liabilities.
The Hon. Jim D Pappas presides over the case.


B&T ENTERPRISES: Hires Suzy Tate as Bankruptcy Counsel
------------------------------------------------------
B&T Enterprises Services, Inc., seeks authorization from the U.S.
Bankruptcy Court for the Middle District of Florida to employ the
firm of Suzy Tate, PA as Chapter 11 counsel for the Debtor.

The Debtor requires Suzy Tate to:

      a. take all necessary action to protect and preserve the
estate of the Debtor, including the prosecution of actions on its
behalf, the defense of any actions commenced against them,
negotiations concerning all bankruptcy litigation in which they are
involved, and objections, when appropriate, in objecting to claims
filed against the estate;

      b. prepare, on behalf of the Debtor, any applications,
answers, orders, reports, and/or papers in connection with the
administration of the estate;

      c. counsel the Debtor with regard to its rights and
obligations as debtor-in- possession;

      d. negotiate, prepare, and file a chapter 11 plan of
reorganization and corresponding disclosure statement, seek
approval of such disclosure statement and confirmation of such
plan; and

      e. perform all other necessary legal services in connection
with these chapter 11 cases.

Suzy Tate lawyers who will work on the Debtor's case and their
hourly rates are:

      Suzy Tate                  $300
      Chris Broussard            $260

Prior to the Petition Date, Suzy Tate received a total of $11,717
in connection with the preparation for the filing the bankruptcy
case for the Debtor.

The balance of the Pre-Petition Retainer is $9,100.

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

Suzy Tate, Esq., at Suzy Tate, P.A, assured the Court that the firm
does not represent any interest adverse to the Debtor and its
estates.

STPA may be reached at:

      Suzy Tate, Esq.
      Chris Broussard, Esq.
      Suzy Tate, P.A.
      14502 N. Dale Mabry, Suite. 200
      Tampa, FL 33618
      Telephone: (813) 264-1685
      Facsimile: (813) 264-1690
      E-mail: suzy@suzytate.com  
              cbrouss@suzytate.com

B&T Enterprise Services, Inc. filed a Chapter 11 bankruptcy
petition (Bankr. M.D. Fla. Case No. 17-02515) on March 28, 2017,
listing under $1 million in both assets and liabilities.


BE MY GUEST LLC: Hires Metropolitan Valuation as Appraiser
----------------------------------------------------------
Be My Guest, LLC, seeks authority from the U.S. Bankruptcy Court
for the Southern District of New York to employ Metropolitan
Valuation Services, as appraiser to the Debtor.

The Debtor is a New York limited liability company which was formed
for the purpose of assuming a commercial lease to develop and
operate a restaurant at the premises located at 14 East 58th
Street, New York, New York 10022 ("Lease").

Be My Guest, LLC, requires Metropolitan Valuation to:

   a. evaluate the value of the Debtor's Lease;

   b. review all pertinent documents in connection with providing
      a Lease valuation;

   c. conduct a comparable exchanges and review of restaurant
      leases in the general area of 58th Street;

   d. meet with the Debtor and its attorney as necessary; and

   e. appear, if requested, before the Bankruptcy Court during
      the term of its retention, to testify or to consult with
      the Debtor in connection with the valuation of the Lease.

Metropolitan Valuation will be paid at these hourly rates:

     Martin B. Levine            $550
     Staff                       $150-$350

Metropolitan Valuation will be paid $5,000 to prepare the appraisal
report.

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

Martin B. Levine, chairman of Metropolitan Valuation Services,
Inc., assured the Court that the firm is a "disinterested person"
as the term is defined in Section 101(14) of the Bankruptcy Code
and does not represent any interest adverse to the Debtor and its
estates.

Metropolitan Valuation can be reached at:

    Martin B. Levine
    METROPOLITAN VALUATION SERVICES, INC.
    44 East 32nd Street
    New York, NY 10016
    Tel: (212) 213-8650

                   About Be My Guest, LLC

Be My Guest, LLC, based in New York, NY, filed a Chapter 11
petition (Bankr. S.D.N.Y. Case No. 17-10692) on March 22, 2017. The
Hon. Sean H. Lane presides over the case. Douglas J. Pick, Esq., at
Pick & Zabicki, LLP, serves as bankruptcy counsel.

In its petition, the Debtor estimated $500,000 to $1 million in
assets and $1 million to $10 million in liabilities. The petition
was signed by Lucy Balan, authorized member.


BIRCH COMMUNICATIONS: S&P Puts 'B' CCR on CreditWatch Negative
--------------------------------------------------------------
S&P Global Ratings said it placed its 'B' corporate credit rating
and 'B' senior secured debt rating on Atlanta-based Birch
Communications Holdings Inc. on CreditWatch with negative
implications.

"The CreditWatch placement reflects the potential for a downgrade
stemming from challenging operating conditions, unexpected
litigation, and a possible near-term breach of Birch's maximum net
leverage covenant," said S&P Global Ratings credit analyst Ryan
Gilmore.

S&P intends to resolve the CreditWatch placement over the coming
weeks when more information becomes available regarding potential
covenant relief in the form of an amendment to the credit agreement
and waiver.  In addition, S&P's resolution of the CreditWatch will
also incorporate an update to its longer-term expectations for the
company's performance.

If Birch is unable to obtain an amendment and waiver from its
lenders or negotiations result in ongoing tight covenant compliance
of less than 15%, S&P could lower the rating multiple notches.

Conversely, if the company is able to obtain covenant relief with
favorable terms and sufficient headroom over the next 12 to 18
months, S&P could still lower the rating one notch or affirm its
ratings on the company.


BLANKENSHIP FARMS: Ch.11 Trustee Hires Baker Donelson as Counsel
----------------------------------------------------------------
Marianna Williams, the Chapter 11 Trustee for Blankenship Farms,
LP, asks the U.S. Bankruptcy Court for the Western District of
Tennessee for authority to retain Baker Donelson Bearman Caldwell &
Berkowitz, PC as his counsel.

The Chapter 11 Trustee requires Baker Donelson to render necessary
representation of the Trustee in the administration of this case,
in related litigation, and in the Trustee's efforts to move forward
with reorganization of this estate.

Baker Donelson will be paid at these hourly rates:

      Shareholders                  $390-$480
      Associates and Paralegals     $175-$345

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

E. Franklin Childress, Jr, Esq., shareholder with the law firm of
Baker Donelson Bearman Caldwell & Berkowitz, PC , assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

Baker Donelson LLP may be reached at:

      E. Franklin Childress, Jr, Esq.
      Baker Donelson Bearman Caldwell & Berkowitz, PC
      165 Madison Avenue, Suite 2000
      Memphis, TN 38103
      Tel: 901.577.2147
      Fax: 901.577.0845
      E-mail: fchildress@bakerdonelson.com

                    About Blankenship Farms, LP

Headquartered in Parsons, Tennessee, Blankenship Farms, LP, is an
active Tennessee limited partnership whose primary business is
farming operations for row crop and cattle.  It filed for Chapter
11 bankruptcy protection (Bankr. W.D. Tenn. Case No. 16-10840) on
April 27, 2016, estimating its assets and liabilities at between $1
million and $10 million.  The petition was signed by James Trent
Blankenship, president of TWB Management Inc., general partner of
Debtor.  The case is assigned to Judge Jimmy L. Croom.  The Debtor
is represented by Robert Campbell Hillyer, Esq., at Butler Snow
LLP.

The Debtor employed Adam Vandiver of Vandiver Enterprises, LLC, as
a farm equipment appraiser; Brasher Accounting, as accountant; and
Evans Real Estate as real estate broker.

Marianna Williams has been named as the Chapter 11 Trustee for
Blankenship Farms, LP.


BLOCKSPORT VOLLEYBALL: Hires Eric Liepins as Counsel
----------------------------------------------------
Blocksport Volleyball Club, LLC seeks authorization from the U.S.
Bankruptcy Court for the Eastern District of Texas to employ Eric
A. Liepins and the law firm of Eric A. Liepins, P.C. as counsel,
effective April 3, 2017.

The firm will be paid at these hourly rates:

       Eric A. Liepins           $275
       Paralegals and
       Legal Assistants          $30-$50

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

The firm has received a retainer of $5,000 plus the filing fee.

Eric A. Liepins, sole shareholder of the firm, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estate.

The firm can be reached at:

       Eric A. Liepins, Esq.
       ERIC A. LIEPINS, P.C.
       12770 Coit Road, Suite 1100
       Dallas, TX  75251
       Tel: (972) 991-5591
       Fax: (972) 991-5788

Blocksport Volleyball Club, LLC filed a Chapter 11 bankruptcy
petition (Bankr. E.D. Tex. Case No. 17-40676) on April 3, 2017,
listing under $50,000 in assets and under $500,000 in liabilities.

A Meeting of Creditors under Sec. 341(a) is set for May 5 at 1:30
PM at SMU in Plano, Texas.  Proofs of Claim are due August 3.
Government Proofs of Claim are due Oct. 2.


BOOZ ALLEN: S&P Affirms 'BB' CCR & Revises Outlook to Stable
------------------------------------------------------------
S&P Global Ratings said it affirmed its 'BB' corporate credit
rating on McLean, Va.-based Booz Allen Hamilton Inc. (BAH) and
revised the outlook to stable from positive.

"Our revision of the outlook to stable from positive reflects our
view that the company's leverage could be in excess of 3x from time
to time as it pursues its capital allocation strategy, which may
include acquisitions and shareholder returns," said S&P Global
Ratings credit analyst Adam Lynn.

Its recent acquisition of Acquilent in BAH's fiscal third quarter
ending Dec. 31, 2017, for $250 million is one example of a recent
increase in leverage.  Additionally, in January 2017, the board of
directors approved a 13% increase in the regular quarterly dividend
along with a $230 million increase in share repurchase
authorization.

The stable outlook reflects S&P's expectation for BAH's stable
business performance, positive free operating cash flow generation,
and opportunistic acquisitions or shareholder return policy to lead
to leverage remaining in the 2x-4x area over the next 12 months.


BUCKTAIL MEDICAL: PCO Files 8th Interim Report
----------------------------------------------
Laura W. Patt, the Patient Care Ombudsman for The Bucktail Medical
Center, has filed an eighth interim report for the period of
January 20, 2017, through March 20, 2017.

The PCO reported that the Debtor's Administration and Staff were
open and cooperative during each on-site visit. Each personnel were
fully transparent in discussing their roles and responsibilities as
well as providing any and all requested information and data.
Further, the PCO was informed that the management embraced the
process of having a PCO on site and encouraged exchange between the
PCO and management, which enabled the PCO to efficiently discharge
her responsibilities.

According to the report, the established theme at the Debtor's
Facility is that resident care is first and foremost. A strong
sense of teamwork between the administration and staff was
observed, as well as amongst staff members. The residents, staff,
and administration have each expressed that they feel like a
"family" and there is a genuine concern for the residents.

The PCO further noted that the stable and steady leadership of the
Facility has strengthened staff unity; all staff interviewed
express faith in the management team and their resolve to
continually improve.

The PCO did not note any circumstances or issues that would impact
resident care at any of the facilities as a result of the
bankruptcy during the reporting period.

If the Debtor has not emerged from bankruptcy, the next report will
be issued no later than June 1, 2017, and will cover the seventh
reporting period of March 21, 2017 through May 20, 2017.

              About Bucktail Medical Center

The Bucktail Medical Center owns and operates a 21-bed Critical
Access Hospital, a 43 bed skilled nursing care facility, a basic
life-support ambulance, and a community health clinic.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. M.D.
Pa. Case No. 15-04297) on Oct. 2, 2015. The Debtor's petition was
signed by Timothy Reeves, CEO.

Hon. John J. Thomas presides over the case. Kevin Joseph Petak,
Esq., and James R. Walsh, Esq., at Spence, Custer, Saylor, Wolfe &
Rose, LLC, serves as counsel to the Debtors.

In its petition, Bucktail Medical Center estimated $0 to 50,000 in
assets and $1 million to $10 million in liabilities.


CALIFORNIA PROTON: Scripps Clinic Tries to Block DIP Financing
--------------------------------------------------------------
Vince Sullivan, writing for Bankruptcy Law360, reports that Scripps
Clinic Medical Group and Scripps Health, which operates a cancer
treatment facility for California Proton Treatment Center LLC,
objected to the Debtor's proposed $32 million post-petition loan.

According to Law360, Scripps Clinic claims that the loan
subordinates its purported interest in the San Diego facility
against its will.

            About California Proton Treatment Center

California Proton Treatment Center filed for Chapter 11 bankruptcy
protection (Bankr. D. Del. Case No. 17-10477) on March 1, 2017,
estimating its assets and debt at $100 million to $500 million.
The petition was signed by Jette Campbell, chief restructuring
officer. Judge Selber Silverstein presides over the case.

Locke Lord LLP serves as the Debtor's general counsel.  The Debtor
hired Polsinelli PC as co-counsel with Locke Lord; Cain Brothers &
Company, LLC as investment banker; and Carl Marks Advisory Group
LLC as financial advisor.

On March 16, 2017, the Office of the U.S. Trustee appointed Melanie
L. Cyganowski as patient care ombudsman.


CAPITOL CABLE: Seeks to Hire Rosenblatt as Legal Counsel
--------------------------------------------------------
Capitol Cable & Technology, Inc. seeks approval from the U.S.
Bankruptcy Court for the District of Maryland to hire legal counsel
in connection with its Chapter 11 case.

The Debtor proposes to hire the Law Offices of Richard B.
Rosenblatt, PC to, among other things, give legal advice regarding
its duties under the Bankruptcy Code and prepare a plan of
reorganization.

Richard Rosenblatt, Esq., and Linda Dorney, Esq., the attorneys
designated to represent the Debtor, will charge $350.  Other
attorneys of the firm and paralegals will charge $295 per hour and
$125 per hour, respectively.

Rosenblatt received $12,500 on March 21 in contemplation of the
Debtor's bankruptcy filing.  Prior to this, the firm received
$4,500 for negotiations with the Debtor's landlord and other
pre-bankruptcy services.

In a court filing, Mr. Rosenblatt disclosed that his firm does not
represent any interest adverse to the Debtor or its bankruptcy
estate.

The firm can be reached through:

     Richard B. Rosenblatt, Esq.
     Linda M. Dorney, Esq.
     The Law Offices of Richard B. Rosenblatt, PC
     30 Courthouse Square, Suite 302
     Rockville, MD 20850
     Phone: (301) 838-0098
     Email: rrosenblatt@rosenblattlaw.com

                About Capitol Cable & Technology

Capitol Cable & Technology, Inc. sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D. Md. Case No. 17-14644) on April
4, 2017.  At the time of the filing, the Debtor estimated assets
and liabilities of less than $1 million.


CARRINGTON FARMS: Authorized to Use Cash Collateral Until May 31
----------------------------------------------------------------
Judge Bruce A. Harwood of the U.S. Bankruptcy Court for the
District of New Hampshire signed a stipulated order authorizing
Carrington Farms Condominium Owners' Association's use of cash
collateral through May 31, 2017.

The Debtor is authorized to use and expend up to $170,464 in cash
collateral in order to pay the costs and expenses incurred by the
Debtor in the ordinary course of business, to the extent provided
for in the Budget during the period from March 27, 2017 through May
31, 2017.

Granite Bank, formerly known as Colebrook Bank, asserts a claim in
the amount of $395,408, which is secured by all of the Debtor's
deposit accounts, and an assignment of the right to assess and
collect condominium fees, as well as all proceeds and products
thereof .

The Debtor had cash in the amount of $226,998 on deposit at Granite
Bank as of March 23, 2017, which amount is subject to Granite
Bank's perfected first-priority security interest.  Consequently,
the Debtor will deposit all funds received during the pendency of
its case in a deposit account maintained at Granite Bank.

Granite Bank is granted additional and replacement security
interests and liens in, to and on the collateral with the same
perfection and priority that it had in such assets prior to the
Petition Date, and the Debtor's postpetition assets of the same
kind, nature and types as Granite Bank's collateral, as well as the
proceeds thereof.

Additionally, the Debtor will pay Granite Bank:

     (a) $11,540, plus Granite Bank's attorney fees and costs
incurred through the entry of the Stipulated Order; and

     (b) $5,343 on the last business day of each of April and May
2017.

The Debtor will also provide Stipulated Order each of the following
reports, duly certified by a member of the Debtor's board of
directors: (a) weekly cash flow statements, showing all deposits to
and disbursements from the Debtor's deposit accounts; and (b)
monthly variance reports showing the variance of cash inflows and
disbursements from the corresponding budgeted amounts for the
immediately preceding fiscal month.

Moreover, the Debtor may file a further application for ongoing
usage of cash collateral on or before May 17, 2017.  Any objections
to such application are due on or before May 24, 2017.

A hearing on the further motion for permission to use cash
collateral will be held on May 31, 2017 at 1:30 p.m.

A full-text copy of the Order, dated April 6, 2017, is available at

http://tinyurl.com/m33yj9m

         About Carrington Farms Condominium Owners

Carrington Farms Condominium Owners' Association filed a Chapter 11
bankruptcy petition (Bankr. D.N.H. Case No. 17-10137) on Feb. 3,
2017.  The petition was signed by Gary Woscyna, President.  At the
time of filing, the Debtor estimated $100,000 to $500,000 in assets
and $500,000 to $1 million in liabilities.  William S. Gannon,
Esq., at William S. Gannon PLLC, is serving as counsel to the
Debtor.


CENTURY COMMUNITIES: Moody's Puts B3 CFR on Review for Upgrade
--------------------------------------------------------------
Moody's Investors Service placed all of the ratings of Century
Communities, Inc. on review for upgrade following the announcement
that it was acquiring UCP, Inc. ("UCP").

Century, currently rated B3 stable, will be acquiring UCP (formerly
rated B3; currently not rated) for $336 million, which will be
financed with new Century equity of $116 million, cash of $13
million, and a revolver draw of $259 million. The $336 million
purchase price will include Century's repaying $162 million of UCP
debt.

Issuer: Century Communities, Inc.

On Review for Upgrade:

-- Corporate Family Rating, Placed on Review for Upgrade,
    currently B3

-- Probability of Default Rating, Placed on Review for Upgrade,
    currently B3-PD

-- $125 Million Senior Unsecured Global Notes, Placed on Review
    for Upgrade, currently B3 (LGD4)

-- $260 Million Senior Unsecured Global Notes, Placed on Review
    for Upgrade, currently B3 (LGD4)

Outlook Actions:

-- Outlook, Changed To Rating Under Review From Stable

RATINGS RATIONALE

Pro forma for the transaction, Century will have an adjusted total
debt to book capitalization ratio of approximately 56%.
Importantly, Century will have pro forma revenues exceeding $1
billion and tangible net worth exceeding $500 million, which are
two of the size hurdles for US homebuilders to achieve in order to
move from a B3 rating to a B2 rating.

The review will focus on Century's plans to reduce debt leverage,
integrate UCP which is Century's largest acquisition to date, and
compete essentially on a nationwide basis with the much larger
industry players.

The principal methodology used in these ratings was Homebuilding
And Property Development Industry published in April 2015.

Founded in 2002 and headquartered in Greenwood Village, Colorado,
Century Communities is a builder of single-family homes, townhomes,
and flats in select major metropolitan markets in Colorado,
Georgia, Nevada, Texas, and Utah. The company has had 14
consecutive years of profitability since its formation, and based
on 2015 deliveries, as ranked by BUILDER Online, it is a top 25 US
homebuilder. Revenues and net income in 2016 were approximately
$979 million and $50 million, respectively.

Headquartered in San Jose, CA, UCP was established, through its
predecessor, in 2004 principally as a land developer under the name
Union Community Partners, LLC by its founder and current CEO,
Dustin Bogue (who will remain with Century Communities). Revenues
and net income in 2016 were approximately $349 million and $14
million, respectively.


CHECKERS DRIVE-IN: S&P Assigns 'B-' CCR; Outlook Stable
-------------------------------------------------------
S&P Global Ratings said that it assigned its 'B-' corporate credit
rating to quick service restaurant Checkers Drive-In Restaurants
Inc.  The outlook is stable.

Checkers is being acquired by private equity firm Oak Hill Capital
Partners for approximately $525 million, to be funded with debt and
equity.

At the same time, S&P assigned its 'B-' issue-level rating and a
'3' recovery rating to the company's proposed $25 million
first-lien revolver and $192.5 million term loan, indicating S&P's
expectation for meaningful recovery (50%-70%; rounded estimate:
60%) in the event of default.

S&P does not rate the proposed $87.5 million second-lien term loan.


"The rating on Tampa-based Checkers reflects the company's
relatively small total system-wide restaurant count with about 850
units, lack of significant market share in the quick service
industry, geographic concentration in the eastern U.S., lack of
concept diversity, and limited product offering," said credit
analyst Olya Naumova.  "Checkers differentiates itself from
quick-service peers with a diversified, low-priced menu, and a
daypart mix with late night sales representing a high 22% of
overall sales, twice the industry average.  Leverage is 6.2x pro
forma for the transaction and we expect it to modestly decline to
the high 5x range by 2019, primarily due to improvements in its
operating performance as opposed to debt reduction."

The stable rating outlook on Checkers reflects S&P's expectation
that the company will be able to continuously grow the franchise
base to reduce the ownership of operated restaurants to below 30%
in the next two years with corresponding improvements of stable
franchised revenue contribution to the overall EBITDA.
Additionally, S&P expects remodel initiatives and an increasing
sales mix with higher margin soft drinks to allow the company to
maintain its current AUVs, margins, and modest deleveraging to
about 6.1x in 2018.

S&P could consider a downgrade if liquidity becomes constrained or
if operating performance and credit measures deteriorate such that
EBITDA interest coverage declines below 1.0x leading S&P to believe
that the capital structure is unsustainable.  Events that could
cause a downgrade include free operating cash flow turning
negative, a sharp deterioration in operating performance, increased
labor or commodity costs, or significant changes in financial
policy that leads to near-term debt financed dividend to company's
private equity sponsors.  S&P could also lower the ratings if it
believes performance will deteriorate to levels that could cause
covenant compliance issues under the company's credit facilities.

Although not likely in the next year given the company's financial
sponsor ownership dictates financial policy, S&P could consider a
positive rating action if it meaningfully improves same-store sales
and EBITDA growth, with leverage falling below mid-5x level and FFO
to debt rising above 15%.  This would result from more than 6%
increase in comparable store sales and a gross or EBITDA margin
increase 200 bps beyond S&P's expectations.

Cameron Bybee and Conor Prunty contributed to this report.


CIBER INC: Files Voluntary Chapter 11 Bankruptcy Petition
---------------------------------------------------------
Ciber, Inc., a global information technology consulting, services
and outsourcing company, on April 10, 2017, disclosed that it and
certain U.S. subsidiaries filed voluntary petitions seeking relief
under Chapter 11 of the United States Bankruptcy Code in the United
States Bankruptcy Court in the District of Delaware.  This
initiates a process intended to preserve value and accommodate an
orderly going-concern sale of the Company's business operations.

Ciber has a commitment for up to $45 million in
debtor-in-possession ("DIP") financing, subject to bankruptcy court
approval, which is expected to provide the Company with liquidity
to maintain its U.S. operations in the ordinary course of business
during the Chapter 11 process.

Prior to the Chapter 11 filing, and subject to Bankruptcy Court
approval, Ciber entered into a "stalking horse" Purchase Agreement
with Capgemini to acquire substantially all of the assets of the
Company in North America and India in a sale process under Section
363 of the Bankruptcy Code that will be subject to higher and
better offers.  Through this proposed transaction Ciber's clients
will benefit from the high levels of service Capgemini is known to
provide its clients.  Ciber's employees, who bring with them a wide
range of highly valued skills and expertise, will benefit from
joining a global leader in its markets.

In accordance with the sale process under Section 363 of the
Bankruptcy Code, notice of the proposed sale to Capgemini will be
given to third parties and competing bids will be solicited.  Ciber
will manage the bidding process and evaluate the bids, in
consultation with independent professional advisors and as overseen
by the Bankruptcy Court.

President and Chief Executive Officer Michael Boustridge commented,
"With the advice and support of outside advisors, we've explored
multiple paths, including selling the Company outside the
bankruptcy process, selling certain assets of the Company, and
other transactions to restructure the balance sheet or raise
capital, while also focusing on attempting to improve sales, reduce
costs, and exit underperforming operations.  After careful
consideration of the alternatives available to maximize the value
of the Company, it's become clear that the best path forward for
the Company, its employees, customers and stakeholders is to
accomplish a sale through the bankruptcy process."

Mr. Boustridge continued, "We are keenly focused on minimizing
disruption to our customers, partners, and employees during the
Chapter 11 process.  The proposed sale will preserve jobs, ensure
customers can benefit from continuity of services, and enable a
smooth transition of Ciber's U.S. business to Capgemini or any
other bidder providing a higher and better offer in accordance with
Court approved procedures."  

In order to help facilitate the Company's financial restructuring,
Ciber's Board of Directors has named Jon Goulding as Chief
Restructuring Officer.  Mr. Goulding is a noted financial
restructuring expert and a Managing Director of Alvarez and Marsal,
a leading restructuring firm.

Interested parties must sign a confidentiality and non-disclosure
agreement to gain access to confidential detailed due diligence
materials, and must demonstrate financial ability to be considered
qualified bidders.  Parties interested in the sale process may
contact Adam Dunayer, Managing Director, Houlihan Lokey at
214-220-8483.

                        About Ciber, Inc.

Ciber -- http://www.ciber.com/-- partners with organizations to
develop technology strategies and solutions that deliver tangible
business value.  Founded in 1974, the company trades on the New
York Stock Exchange CBR.


CLINTONDALE COMMUNITY: Moody's Hikes GOULT Rating to Ba1
--------------------------------------------------------
Moody's Investors Service has upgraded Clintondale Community
Schools, MI's underlying general obligation unlimited tax (GOULT)
rating to Ba1 from Ba3. The Ba1 rating applies to $220,000 of
outstanding rated GOULT debt. The district's net direct debt totals
$59.4 million. The district's outlook is stable.

The upgrade to Ba1 reflects an improved financial position
following the district's elimination of its deficit fund balance.
The rating also incorporates its modestly sized, suburban Detroit
(B2 stable) tax base; weakened socioeconomic characteristics; lack
of long-term enrollment stability; and high debt and pension
burdens.

Rating Outlook

The stable outlook reflects recent improvements in the district's
financial position that, while expected to remain narrow, reduces
the likelihood of a negative rating change.

Factors that Could Lead to an Upgrade

Sustained growth in student enrollment

Material improvement in fund balance and liquidity

Moderate of the district's debt and pension burdens

Factors that Could Lead to a Downgrade

Deterioration of the district's tax base or weakening of
socioeconomic indices

Reversal of currently positive enrollment trend

Narrowed fund balance and liquidity

Growth in the district's debt and pension burden

Legal Security

The district's outstanding rated bonds are secured by the pledge
and authority to levy a dedicated, voter-approved property tax
levy, unlimited as to both rate and amount, to pay debt service.

Use of Proceeds

Not applicable.

Obligor Profile

The district is located in Macomb County, approximately 20 miles
north of Detroit. The district encompasses approximately 3.9 square
miles within the Charter Township of Clinton. The district's
enrollment totals 3,297 students.

Methodology

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


CONCH HOUSE: Hires Burgess as Bankruptcy Counsel
------------------------------------------------
Conch House Builders, LLC seeks approval from the US Bankruptcy
Court for the Middle District of Florida, Jacksonville Division, to
employ Jason A. Burgess as counsel for the Debtor Nunc Pro Tunc to
April 6, 2017.

The professional services that Jason A. Burgess will render are:

     a. to give advice to the Debtor with respect to its powers and
duties as debtor-in-possession
and the continued management of its business;

     b. to advise the Debtor with respect to its responsibilities
in complying with the US Trustee's Operating Guidelines and
Reporting Requirements and with the Local Rules of this Court;

     c. to prepare motions, pleadings, orders, applications,
disclosure statements, plans of reorganization, commence adversary
proceedings, and prepare other such legal documents necessary in
the administration of this case;

     d. to protect the interest of the Debtor in all matters
pending before the Court; and

     e. to represent the Debtor in negotiations with their
creditors and in preparation of the disclosure statement and plan
of reorganization.

Jason A. Burgess attests that he does not represent (a)any
interests adverse to the Debtor or the estate; (b) any of the
Debtor's creditors; (c) any other attorneys, accountants, or
representatives who have represented the Debtor's creditors or any
other parties in interest, or any other attorneys, accountants, or
representatives currently representing the Debtor. Burgess further
attests that he is a disinterested person.

Jason A. Burgess's hourly rate for attorney services is $295.00 per
hour and will be billed by tenths of an hour. The Firm's paralegal
time will be billed at $75.00 per hour.

The Counsel can be reached through:

     Jason A. Burgess
     ATTORNEY-AT-LAW
     1855 Mayport Road
     Atlantic Beach, FL 32233
     Phone: (904) 372-4791
     Facsimile: (904) 853-6932

                    About Conch House Builders

Conch House Builders, LLC and its affiliate Conch House Builders
II, LLC, f/d/b/a Conch House Marina Resort, Inc., filed separate
Chapter 11 bankruptcy petitions (Bankr. M.D. Fla. Case Nos.
17-00767 and 17-00768, respectively), on March 8, 2017.  The
petitions were signed by David M. Ponce, Jr., manager.

The Debtors are represented by Jason A Burgess, Esq., at the Law
Offices of Jason A Burgess, LLC.

At the time of filing, both Debtors had less than LLC in estimated
assets.  Conch House Builders, LLC, had $10 million to $50 million
in estimated liabilities while Conch House Builders II, LLC,
$100,000 to $500,000 in estimated liabilities.


CUMULUS MEDIA: Moody's Cuts CFR to Caa2; Outlook Negative
---------------------------------------------------------
Moody's Investors Service downgraded Cumulus Media Inc.'s (Cumulus)
Corporate Family Rating to Caa2 from Caa1, the secured credit
facilities to Caa1 from B3, and senior unsecured notes to Ca from
Caa3. The outlook was changed to negative from stable.

The downgrade reflects the elevated risk of a restructuring of its
balance sheet and its unsustainable leverage level of 11.3x
(excluding Moody's standard lease adjustments) as of Q4 2016.
Despite recent operational improvements, EBITDA continued to
decline in 2016 and is expected to remain under pressure due to
higher content expense and lower political ad revenue.

A summary of Moody's actions are:

Issuer: Cumulus Media Inc.

-- Corporate Family Rating: Downgraded to Caa2 from Caa1

-- Probability of Default Rating: Downgraded to Caa3-PD from
    Caa1-PD

-- Speculative Grade Liquidity Rating: affirmed at SGL3

-- Outlook changed to Negative from Stable

Issuer: Cumulus Media Holdings Inc.

-- $200 million 1st Lien Senior Secured Revolver due 2018
    (undrawn): Downgraded to Caa1, LGD2 from B3, LGD3

-- 1st Lien Senior Secured Term Loan due 2020 ($1.8 billion
    outstanding): Downgraded to Caa1, LGD2 from B3, LGD3

-- $610 million of 7.75% senior notes due 2019: Downgraded to Ca,

    LGD5 from Caa3, LGD5

RATINGS RATIONALE

Cumulus' Caa2 Corporate Family Rating reflects the company's
unsustainable debt-to-EBITDA leverage of 11.3x as of Q4 2016
(excluding Moody's standard lease adjustments) as well as the
elevated potential for a restructuring of its balance sheet.
Cumulus maintains a diversified market position in 90 different
markets and is one of the leading radio operators in the US.
However, EBITDA has declined substantially over the past several
years and higher content costs and lower political ad revenue in
2017 are expected to offset recent improvements in operational
performance and lead to continued pressure on EBITDA. The ratings
also incorporate the secular pressures and cyclical nature of radio
advertising demand which have the potential to exert substantial
pressure on EBITDA performance over time. Free cash flow has also
declined and was less than 1% as a percentage of outstanding debt
as of Q4 2016. The company does not have access to its revolving
credit facility due to covenant constraints, but has a $50 million
revolving securitized facility in place and $131 million in cash as
of Q4 2016. A pending asset sale is expected to add additional cash
to the balance sheet in the second half of 2017. The nearest debt
maturity is the $610 million senior notes due May 2019, but the
maturity date of the term loans springs to 91 days ahead of the
maturity date of the senior notes if more than $200 million of the
senior notes are still outstanding at the springing maturity date.

The SGL-3 Speculative Grade Liquidity Rating reflects the lack of
access to its revolving credit facility due to covenant constraints
and limited free cash flow. Liquidity does benefit from $131
million in cash as of Q4 2016 and expectations that a pending asset
sale could add additional cash to the balance sheet. Moody's
expects free cash flow to be minimal in 2017 after approximately
$30 million in expected capex in 2017. The company has an undrawn
$50 million securitized facility in place which matures in 2018
(unrated).

Its $200 million revolving credit facility due 2018 is unavailable
as the first lien covenant ratio is in excess of the required ratio
of 5.0x as of Q4 2016 and the covenant decreases to 4.0x in Q1
2018. The term loan is covenant-lite and the revolver requires
compliance with a consolidated total net leverage ratio covenant
only if the revolver is drawn or if there are letters of credit
under the revolver commitment that are not 103% cash
collateralized. Alternate sources of liquidity are limited given
the revolver and term loan are secured by substantially all assets
of the borrower and subsidiaries with a 12 month reinvestment
period for dispositions.

The negative outlook reflects the heightened potential for a
restructuring of its balance sheet and the challenging outlook due
to higher contractual content expense and reduced political revenue
in a non-election year. An exchange of existing debt for another
security would likely be considered a Distressed Exchange (DE) by
Moody's.

An upgrade is not expected in the near term given the high leverage
level and potential for a restructuring of its balance sheet.
However, Moody's could considers an upgrade if the company sustains
leverage under 7.5x with expectations for stable operating
performance. Liquidity would also need to be good with improved
availability under the company's committed revolver facilities and
free cash flow-to-debt in the mid to high single digit percentage
range.

Ratings could be downgraded upon a restructuring of its balance
sheet or an exchange of existing debt for another security which
Moody's would likely consider a Distressed Exchange. Elevated
concern regarding the ability to service its debt could also lead
to negative rating action.

Headquartered in Atlanta, GA, Cumulus Media Inc. is one of the
largest radio broadcasters in the U.S. with approximately 445
stations in 90 markets, a nationwide network serving over 8,200
broadcast affiliates and numerous digital channels. Cumulus is
publicly traded with Crestview Radio Investors, LLC owning an
estimated 30% interest. The company reported $1.1 billion of net
revenue for FY2016.

The principal methodology used in these ratings was Global
Broadcast and Advertising Related Industries published in February
2017.


DAILY HAVEN: Files Projected Income for Dec. 2016 to Oct. 2017
--------------------------------------------------------------
Daily Haven Inc. filed court papers detailing its projected income
and expenses for December 2016 through October 2017 in support of
its proposed plan to exit Chapter 11 protection.

The documents filed on March 31 are available for free at:

            https://is.gd/VbHwTn

Under the company's plan of reorganization, Class 4 general
unsecured claims will not be paid until a complete satisfaction of
Class 2 secured claim of RREF II PB-GA, LLC, and Class 3 priority
tax claims.  

Holders of Class 4 claims are comprised of general unsecured
creditors unrelated in some manner to Daily Haven, according to the
company's disclosure statement filed on March 31 with the U.S.
Bankruptcy Court for the Northern District of Georgia.

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

            https://is.gd/BKoMOd

             About Daily Haven

Daily Haven, Inc. operates a Home Health Care and Day Center for
individuals with special needs in the Conyers area.

Daily Haven, Inc. filed a Chapter 11 petition (Bankr. N.D. Ga. Case
No. 16-63419) on Aug. 1, 2016.  The petition was signed by Suzann
Maughon, owner and chief officer.  The Debtor is represented by
James B. Cronon, Esq., at the Law Office of James B. Cronon, LLC.
The Debtor estimated assets and liabilities at $500,000 to $1
million at the time of the filing.


DAVITA INC: Moody's Hikes CFR to Ba2; Outlook is Stable
-------------------------------------------------------
Moody's Investors Service upgraded the ratings of DaVita, Inc.,
including the Corporate Family Rating to Ba2 from Ba3 and the
Probability of Default Rating to Ba2-PD from Ba3-PD. Moody's also
upgraded DaVita's senior secured credit facilities to Baa3 from Ba1
and its senior unsecured notes to Ba3 from B1. Lastly, Moody's
affirmed DaVita's Speculative Grade Liquidity Rating of SGL-1. The
outlook is stable.

The upgrade of DaVita's Corporate Family Rating to Ba2 reflects
Moody's expectation that the company will benefit from US dialysis
patient population growth of approximately 4% and stabilization of
its integrated care business. Moody's expects that DaVita will
maintain adjusted debt to EBITDA in the mid-to-high 3 times range
even in the face of several business uncertainties relating to
biosimilars and the availability of charitable premium assistance.

Ratings upgraded:

DaVita, Inc.

Corporate Family Rating to Ba2 from Ba3

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

Senior secured revolving credit facilities expiring 2019 to Baa3
(LGD 2) from Ba1 (LGD 2)

Senior secured term loan A due 2019 to Baa3 (LGD 2) from Ba1 (LGD
2)

Senior secured term loan B due 2021 to Baa3 (LGD 2) from Ba1 (LGD
2)

Senior unsecured notes due 2022 to Ba3 (LGD 5) from B1 (LGD 5)

Senior unsecured notes due 2024 to Ba3 (LGD 5) from B1 (LGD 5)

Senior unsecured notes due 2025 to Ba3 (LGD 5) from B1 (LGD 5)

Ratings affirmed:

DaVita, Inc.

Speculative Grade Liquidity Rating at SGL-1

The outlook is stable.

RATINGS RATIONALE

DaVita's Ba2 Corporate Family Rating reflects the company's
considerable scale and extensive network of dialysis outpatient
clinics across 43 US states. The rating is also supported by the
recurring revenue stream attributed to dialysis, the patients for
which receive treatment three times per week indefinitely. The Ba2
CFR acknowledges DaVita's strong free cash flow, the vast majority
of which is derived from those dialysis patients who are currently
covered by commercial insurance. Finally, the CFR is supported by
stabilizing business trends at the company's integrated care
business, DaVita Medical Group (DMG).

The Ba2 CFR is constrained by DaVita's moderately high financial
leverage and its heavy reliance on its commercially insured
dialysis patients for its profitability. The rating also reflects
DaVita's ongoing challenge of maintaining a sufficiently large
commercially insured end stage renal disease (ESRD) patient
population. These ESRD patients automatically convert to Medicare
after a maximum of 33 months on dialysis, for which DaVita is
reimbursed a fraction of what it earns from commercial payors. The
CFR also reflects uncertainties regarding the availability of
charitable premium assistance for ESRD patients and the potential
for reimbursement cuts as anemia management biosimilars become
approved in the US over the next 12 to 18 months.

The stable outlook reflects Moody's expectation that DaVita's
revenue will continue to grow in the mid-single digit range, driven
by increasing volumes and the opening of new dialysis centers.
Furthermore, the rating outlook also anticipates that DaVita will
be able to mitigate any additional reimbursement pressures without
significant detriment to its credit metrics.

The SGL-1 reflects Moody's expectation that DaVita will maintain a
very good liquidity over the next 12 to 18 months through its
combination of cash, marketable securities and revolver
availability.

The ratings could be upgraded if DaVita repays debt and/or grows
earnings such that Moody's expects debt to EBITDA to be sustained
below 3.25 times. A ratings upgrade would also require DaVita to
remain disciplined with regards to acquisitions and shareholder
returns.

The ratings could be downgraded if DaVita experiences significant
reimbursement cuts, from either government or commercial insurers.
A downgrade could also ensue if Moody's expects debt to EBITDA to
be sustained above 4.0 times, or if there is a deterioration in
operating performance.

DaVita, Inc., headquartered in Denver, CO, is an independent
provider of dialysis services primarily in the US for patients
suffering from end-stage renal disease (chronic kidney failure).
The company also provides home dialysis services, inpatient
dialysis services through contractual arrangements with hospitals,
laboratory services and other ancillary services. Through its
rebranded DaVita Medical Group, DaVita provides patient-and
physician-focused integrated health care delivery services. DaVita
reported $14.6 billion of revenues for fiscal year ended December
31, 2016.

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


DIFFUSION PHARMACEUTICALS: Will Hold Annual Meeting on June 15
--------------------------------------------------------------
Diffusion Pharmaceuticals Inc. announced that its Board of
Directors has established June 15, 2017, as the date for the
Company's 2017 Annual Meeting of Stockholders and set April 17,
2017, as the record date for the Annual Meeting.  Due to the fact
that the date of the Annual Meeting has been changed by more than
30 days from the anniversary date of the 2016 Annual Meeting of
Stockholders, the Company is providing the due date for submission
of any qualified stockholder proposal or qualified stockholder
nominations.

In accordance with Rule 14a-5(f) and Rule 14a-8(e) under the
Securities Exchange Act of 1934, as amended, and the Company's
Amended and Restated Bylaws, the deadline for receipt of
stockholder proposals for inclusion in the Company's proxy
statement for the Annual Meeting pursuant to Rule 14a-8 will be no
later than 5:00 p.m., Eastern Time, April 21, 2017.  Stockholder
proposals must comply with all of the applicable requirements set
forth in the rules and regulations of the Securities and Exchange
Commission, including Rule 14a-8 under the Exchange Act and the
Company's Amended and Restated Bylaws.

                About Diffusion Pharmaceuticals

Diffusion Pharmaceuticals, as surviving entity in its merger with
RestorGenex, is a clinical stage biotechnology company focused on
extending the life expectancy of cancer patients by improving the
effectiveness of current standard-of-care treatments including
radiation therapy and chemotherapy.  Diffusion is developing its
lead drug, trans sodium crocetinate (TSC), for use in the many
cancer types in which tumor hypoxia (oxygen deprivation) is known
to diminish the effectiveness of current treatments.  TSC targets
the cancer's hypoxic micro-environment, re-oxygenating
treatment-resistant tissue and making the cancer cells more
vulnerable to the therapeutic effects of treatments such as
radiation therapy and chemotherapy, without the apparent addition
of any serious side effects.  TSC has potential application in
other indications involving hypoxia, such as stroke and
neurodegenerative diseases.

Diffusion reported a net loss of $18.03 million for the year ended
Dec. 31, 2016, compared to a net loss of $6.71 million for the year
ended Dec. 31, 2015.  As of Dec. 31, 2016, Diffusion had $17.48
million in total assets, $8.29 million in total liabilities and
$9.18 million in total stockholders' equity.

KPMG LLP, in McLean, Virginia, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, citing that the Company has suffered recurring
losses from operations, has limited resources available to fund
current research and development activities, and will require
substantial additional financing to continue to fund its research
and development activities.  The conditions raise substantial doubt
about its ability to continue as a going concern.


ENERGY FUTURE: Court Gives Interim OK to $32M in Professional Fees
------------------------------------------------------------------
Matt Chiappardi, writing for Bankruptcy Law360, reports that the
Hon. Christopher S. Sontchi of the U.S. Bankruptcy Court for the
District of Delaware gave interim approval to a new batch of
professional fees that totaled about $32 million, plus roughly $1.2
million in expenses.

Citing the committee overseeing costs in the Chapter 11 that
restricted some $42 billion in debt, Law360 relates that
professional fees and expenses have grown to roughly $450 million.
The figure, according to the report, is expected to increase before
a final reckoning.

                      About Energy Future

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

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

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

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

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

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

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

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

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

                      *     *     *

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

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

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

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


EVERETT'S AUTOMOTIVE: Hires Schechter and Smith Firms as Counsel
----------------------------------------------------------------
Everett's Automotive, LLC seeks approval from the US Bankruptcy
Court for the Northern District of Illinois, Eastern Division, to
employ as its Chapter 11 counsel:

     -- Joel A. Schechter of the Law Offices of Joel A. Schechter,
and

     -- Ted A. Smith of Smith Ortiz P.C.

The professional services to be rendered by Schechter and Smith
are:

     (a) to give Debtor and Debtor-in-Possession legal advice with
respect to its powers and duties as Debtor-in-Possession in the
continued operation of its business;

     (b) to prepare on behalf of the Debtor and
Debtor-in-Possession necessary motions, answers, orders, reports
and other legal papers necessary and appurtenant to these
proceedings;

     (c) to perform all other legal services for the Debtor and
Debtor-in-Possession which may be necessary in this proceeding.

The Debtor's principal met with Schechter and Smith and on March
13,2017, a retention agreement was executed which provided for
retainer to be paid in the amount of $19,383.  The retainer was
paid to Schechter.  Schechter, in turn, paid to Smith a portion of
the retainer in the amount of $6,461.  The hourly rate Schechter
agreed to charge the Debtor for this case is $450.

Joel A. Schechter attests that he is a disinterested party as the
term is defined in 11 U.S.C. 101(14).

The firms can be reached through:

     Joel A. Schechter, Esq.
     Law Offices of Joel A. Schechter
     53 W. Jackson Blvd., Suite 1522
     Chicago, IL 60604
     Tel: (312)332-0267

        -- and --

     Ted A. Smith, Esq.
     Smith Ortiz P.C.
     4309 West Fullerton Avenue
     Chicago, IL 60639
     Tel: (773) 384-7400

                   About Everett's Automotive

Everett's Automotive, LLC, d/b/a Midas Auto Service Experts, filed
a Chapter 11 petition (Bankr. N.D. Ill. Case No. 17-07795) on March
13, 2017.  The petition was signed by Andrea Brown, Member.  The
Debtor is represented by Joel A. Schechter at the Law Offices of
Joel A. Schechter.  At the time of filing, the Debtor listed less
than $50,000 in estimated assets and $500,000 to $1 million in
estimated
liabilities.


FERRARA CANDY: S&P Lowers CCR to 'B-' on Operational Misses
-----------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating to 'B-' from
'B' on Chicago-based Ferrara Candy Co.  The outlook is stable.

At the same time, S&P lowered its issue-level rating on the
company's $535 million first-lien term loan maturing in 2023 to
'B-' from 'B' with a '3' recovery rating, indicating S&P's
expectation for meaningful recovery (50%-70%, rounded estimate:
55%) in the event of a payment default.  In addition, S&P lowered
its issue-level rating on the company's $140 million second-lien
term loan maturing in 2023 to 'CCC' from 'CCC+', with a '6'
recovery rating, indicating S&P's expectation for negligible
recovery (0%-10%, rounded estimate: 0%) in the event of payment
default.

S&P estimates that for the fiscal year-end 2016 the company had
about $815 million of total debt outstanding.

"The downgrade reflects the operational missteps in pricing and
distribution within the private-label and nonorganic brands, and
challenges in the scale-up of the branded organics platform that
strained capacity to fulfill customer orders," said S&P Global
Ratings credit analyst Stephanie Harter.

The downgrade also reflects more competitive conditions with some
convenience stores that have chosen more private-label offerings.
These challenges resulted in estimated leverage of about 11x for
the 12 months ended Dec. 31, 2016, including restructuring and
transaction related expenses.  S&P believes adjusted leverage is
currently around 8.5x, excluding certain costs that may be
one-time, but that Ferrara will experience continued tough
conditions into the first half of 2017.  It's possible the company
could realize meaningful adjusted leverage improvement in the
second half of 2017.  However S&P's view of this likelihood is
tempered given Ferrara's history of significant nonrecurring costs,
recent negative free cash flow, and a large performance shortfall
in 2016.

The stable outlook reflects S&P's forecast that Ferrara will
maintain adequate liquidity while improving its very weak credit
ratios, which are currently depressed by sizable one-time costs.
Nevertheless, S&P forecasts adjusted leverage will remain high,
potentially at or well above 6.5x.  S&P expects negative free cash
flow through the end of the second quarter (June) 2017.

S&P could lower the ratings if Ferrara Candy were to experience
another business interruption resulting in sustained negative free
cash flow--which S&P believes would strain liquidity as the company
would enter its seasonal working capital needs early in the
calendar year--or if S&P views the capital structure as
unsustainable.

S&P could raise the rating if the company restores and sustains
positive free cash flow generation such that leverage is kept at or
below 7.5x.  S&P believes that EBITDA margins would need to be
restored to the low-teens with no higher levels of capital
expenditures for this to occur.


FIELDPOINT PETROLEUM: LeRoy Landhuis Hikes Equity Stake to 8.29%
----------------------------------------------------------------
LeRoy Landhuis disclosed in a regulatory filing with the Securities
and Exchange Commission that as of Jan. 15, 2017,
he would be deemed to be the beneficial owner, within the meaning
of Rule 13d-3 of the Securities Exchange Act of 1934, as amended,
of an aggregate of 884,664 shares of commons stock or 8.29% of the
total of 10,669,229 issued and outstanding shares of common stock
of Fieldpoint Petroleum Corporation.

On Oct. 11, 2016 Mr. Landhuis purchased 442,282 shares of Common
Stock of the Company at $0.45 per share.  On Jan. 15, 2017, Mr.
Landhuis purchased an additional 442,282 shares at $0.45 per share.
The funds used for the purchase were Mr. Landhuis personal funds.

A full-text copy of the Schedule 13D is available for free at:

                       https://is.gd/LfpFWO

                    About Fieldpoint Petroleum

FieldPoint Petroleum Corporation acquires, operates and develops
oil and gas properties.  Its principal properties include Block
A-49, Spraberry Trend, Giddings Field, and Serbin Field, Texas;
Flying M Field, Sulimar Field, North Bilbrey Field, Lusk Field, and
Loving North Morrow Field, New Mexico; Apache Field, Chickasha
Field, and West Allen Field, Oklahoma; Longwood Field, Louisiana;
and Big Muddy Field, Wyoming.  As of Dec. 31, 2015, the Company had
varying ownership interests in 472 gross wells (113.26 net).
FieldPoint Petroleum Corporation was founded in 1980 and is based
in Austin, Texas.

Fieldpoint incurred a net loss of $2.47 million for the year ended
Dec. 31, 2016, compared to a net loss of $10.98 million for the
year ended Dec. 31, 2015.  As of Dec. 31, 2016, Fieldpoint had
$8.76 million in total assets, $9.82 million in total liabilities
and a total stockholders' deficit of $1.05 million.

Hein & Associates LLP, in Dallas, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, citing that the Company has suffered recurring
losses, and has a working capital deficit.  This raises substantial
doubt about the Company's ability to continue as a going concern.


GAINESVILLE HOSPITAL: Moody's Rates $19.54MM Limited Tax Bonds Ba1
------------------------------------------------------------------
Moody's Investors Service has assigned a Ba1 rating to Gainesville
Hospital District, TX's $19.54 million Limited Tax Refunding Bonds,
Taxable Series 2017. Moody's also maintains the developing
outlook.

The rating reflects ongoing developments in bankruptcy including
interim cash flow relief provided by the DIP loan, transition of
hospital management from the district to McAllen Medical Center
Physicians, Inc, a subsidiary of Universal Health Services, Inc.
(UHS; Ba1 stable), as well as the lack of objections filed from
creditors and stakeholders and plans to pay all debts in full with
GOLT refundings. The Ba1 also considers elements of the long-term
lease to be signed with McAllen Medical Center Physicians,
potential challenges due to the district's payor mix and
uncertainties surrounding the future of supplemental funding in the
state. The district's stable tax base and ample headroom below the
tax rate cap are also incorporated in the rating.

Rating Outlook

The developing outlook reflects the likelihood of a rating change
over the near term as the district works through bankruptcy and
upcoming debt validation hearings and finalizes its long term lease
agreement with McAllen Medical Center Physicians.

Factors that Could Lead to an Upgrade

A sustained trend of improved operating margins and patient
volumes

Favorable outcomes in upcoming bankruptcy hearings

Successful emergence from bankruptcy and full transition of
hospital management

Factors that Could Lead to a Downgrade

Material unfavorable changes to Medicaid supplemental funding

Further declines in patient volumes

McAllen Medical Center Physicians backs out of long-term lease

Legal Security

The bonds are secured by a continuing direct ad valorem tax on all
taxable property within the district. The tax rate is limited to
$7.50 per $1,000 assessed valuation, provided that no more than
$6.50 per $1,000 is levied for debt service.

Use of Proceeds

Proceeds will be used for the purpose of refunding the district's
Series 2007 GOLT and to pay bond issuance costs. The refunding will
result in an estimated net present value cost of -11% of refunded
bond par.

Obligor Profile

The district owns and operates the North Texas Medical Center
(NTMC), a 60-bed acute care hospital located in the City of
Gainesville, TX. The city is located 60 miles north of the
Dallas-Fort Worth metroplex and five miles south of the
Texas-Oklahoma Border. The service area is predominantly Cooke
County. The NTMC also sees patients from eastern Montague County,
western Grayson County, northern Denton County and southern Love
County, Oklahoma.

Methodology

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


GASTAR EXPLORATION: Moody's Withdraws Caa3 Corporate Family Rating
------------------------------------------------------------------
Moody's Investors Service has withdrawn all assigned ratings for
Gastar Exploration Inc., including the Caa3 Corporate Family
Rating, following the elimination of all of its rated debt.

The following ratings were withdrawn:

Issuer: Gastar Exploration Inc.

-- Probability of Default Rating, Withdrawn, previously rated
    Caa3-PD

-- Speculative Grade Liquidity Rating, Withdrawn, previously
    rated SGL-4

-- Corporate Family Rating, Withdrawn, previously rated Caa3

Outlook Actions:

Issuer: Gastar Exploration Inc.

-- Outlook, Changed To Rating Withdrawn From Negative

RATINGS RATIONALE

Gastar's Senior Secured Bonds were eliminated effective March 24,
2017.

Gastar Exploration Inc. previously known as Gastar Exploration USA,
Inc., is an independent oil and gas exploration and production
(E&P) company, headquartered in Houston, Texas.


GENERAL WIRELESS: Hires Crowe Horwath as Tax Accountants
--------------------------------------------------------
General Wireless Operations, Inc., dba RadioShack, and its
debtor-affiliates seek authorization from the U.S. Bankruptcy Court
for the District of Delaware to employ Crowe Horwath LLP as tax and
financial accountants, nunc pro tunc to the March 8, 2017 petition
date.

The Debtors require Crowe Horwath to perform these services:

   (a) General Recurring Tax Planning - pursuant to the Debtors'
       request, perform research and respond to requests for
       analysis, assistance and advice regarding the tax
       implications of transactions arising in the ordinary course

       of the Debtors' business;

   (b) Non-recurring Tax Planning and Advice - pursuant to the
       Debtors' request, perform research and respond to requests
       for analysis, assistance and advice regarding the tax
       implications of transactions arising as a result of the
       Debtors' bankruptcy filings including but not limited to
       asset dispositions and disclosure statement and plan of
       reorganization issues; and

   (c) Accounting and Financial Advisory - pursuant to the
       Debtors' request, perform research and respond to requests
       for analysis, assistance and advice regarding the financial

       accounting and reporting issues relating to the Debtors
       including but not limited to the application of Generally
       Accepted Accounting Principles ("GAAP") and Accounting
       Standards Codifications.

Crowe Horwath will be paid at these hourly rates:

       Stephen Lalor, managing director        $585
       Carl Karpiak, manager                   $460
       Partners/Managing Directors/Directors   $565-$650
       Managers/Senior Managers                $285-$480
       Associate and Senior Accountants/
       Consultants including
       Computer Consultants                    $155-$295
       Paraprofessionals                       $80-$180

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

During the 90-day period prior to the petition date, Crowe Horwath
was paid a retainer by the Debtors in the amount of $15,000.

Stephen J. Lalor, managing director of Crowe Horwath, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

In accordance with Appendix B-Guidelines for Reviewing Applications
for Compensation and Reimbursement of Expenses Filed under 11
U.S.C. Sec. 330 for Attorneys in Larger Chapter 11 Cases, the
following is provided in response to the request for additional
information:

    (a) Crowe Horwath did not agree to a variation of its standard

        or customary billing arrangement for this engagement;

    (b) none of the professionals included in this engagement have

        varied their rate based on the geographic location of
        these Chapter 11 cases;

    (c) Crowe Horwath provided services to the Debtors prior to
        the petition date in connection with the filing of these
        Chapter 11 cases. Crowe Horwath is billing the Debtors
        post-petition at the same effective rates is billed pre-
        petition; and

    (d) the Debtors and Crowe Horwath expect to develop a
        prospective budget and staffing plan to reasonably comply
        with the U.S. Trustee's request for information and
        additional disclosures and any order of this Court. The
        Debtors have approved Crowe Horwath's proposed rates.

The Court will hold a hearing on the application on April 24, 2017,
at 10:30 a.m. Objections, if any, are due April 17, 2017, at 4:00
p.m.

Crowe Horwath can be reached at:

       Stephen J. Lalor
       CROWE HORWATH LLP
       488 Madison Avenue, Floor 3
       New York, NY 10022-5722
       Tel: (212) 572-5500
       Fax: (212) 572-5572

               About General Wireless Operations

Based in Fort Worth, Texas, General Wireless Operations Inc., doing
business as RadioShack -- http://www.RadioShack.com-- operates a
chain of electronics stores.  Its predecessor, RadioShack Corp.,
then with 4,000 locations, sought Chapter 11 protection (Bankr. D.
Del. Case No. 15-10197) in February 2015 and announced plans to
close underperforming stores.  

In March 2015, General Wireless, a Standard General affiliate, won
court approval to purchase RadioShack Corp.'s assets, gaining
ownership of around 1,700 RadioShack locations.  Two years later,
General Wireless commenced its own bankruptcy case, announcing
plans to close 200 of 1,300 remaining stores.

General Wireless Operations Inc., and its affiliates based in Fort
Worth, Texas, filed a Chapter 11 petition (Bankr. D. Del. Lead Case
No. 17-10506) on March 8, 2017.  In its petition, General Wireless
estimated $100 million to $500 million in both assets and
liabilities.  The petition was signed by Bradford Tobin, SVP,
general counsel.

The Debtors tapped Pepper Hamilton LLP as legal counsel; Loughlin
Management Partners & Company, Inc. as financial advisor; and Prime
Clerk, LLC as claims and noticing agent.


GENERAL WIRELESS: Taps CR3 Partners as Consultant
-------------------------------------------------
General Wireless Operations, Inc., dba Radioshack, and its
debtor-affiliates seek authorization from the U.S. Bankruptcy Court
for the District of Delaware to employ CR3 Partners, LLC as real
estate consultant and advisor, nunc pro tunc to the March 8, 2017
petition date.

The Debtors require CR3 Partners to:

   (a) assist the Debtor in the development and implementation of
       a key employee incentive plan ("KEIP"), a key employee
       retention plan ("KERP"), and matters related to the
       proposed KEIP and KERP programs; and

   (b) provide advice and analysis with respect to other matters
       to support the Debtors, as requested by the Debtors.

CR3 Partners will be paid at these hourly rates:

       Partner              $500-$695
       Director             $350-$500
       Manager              $300-$400
       Associate            $250-$350

CR3 Partners will also be reimbursed for reasonable out-of-pocket
expenses incurred. No individual out-of-pocket expense shall exceed
$100 without the prior consent of the Debtors.

Prior to the petition date, the Debtors paid CR3 Partners a
retainer fee in the amount of $15,000.

Eric A.W. Danner, partner of CR3 Partners, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

The Court will hold a hearing on the application on April 24, 2017,
at 10:30 a.m. Objections, if any, are due April 17, 2017, at 4:00
p.m.

CR3 Partners can be reached at:

       Eric A.W. Danner
       CR3 Partners, LLC
       100 Park Avenue, 16th Floor
       New York, NY 10017
       Tel: (617) 875-6403
       E-mail: eric.danner@cr3partners.com

               About General Wireless Operations

Based in Fort Worth, Texas, General Wireless Operations Inc., doing
business as RadioShack -- http://www.RadioShack.com-- operates a
chain of electronics stores.  Its predecessor, RadioShack Corp.,
then with 4,000 locations, sought Chapter 11 protection (Bankr. D.
Del. Case No. 15-10197) in February 2015 and announced plans to
close underperforming stores.  

In March 2015, General Wireless, a Standard General affiliate, won
court approval to purchase RadioShack Corp.'s assets, gaining
ownership of around 1,700 RadioShack locations.  Two years later,
General Wireless commenced its own bankruptcy case, announcing
plans to close 200 of 1,300 remaining stores.

General Wireless Operations Inc., and its affiliates based in Fort
Worth, Texas, filed a Chapter 11 petition (Bankr. D. Del. Lead Case
No. 17-10506) on March 8, 2017.  In its petition, General Wireless
estimated $100 million to $500 million in both assets and
liabilities.  The petition was signed by Bradford Tobin, SVP,
general counsel.

The Debtors tapped Pepper Hamilton LLP as legal counsel; Loughlin
Management Partners & Company, Inc. as financial advisor; and Prime
Clerk, LLC as claims and noticing agent.


GLOBAL PAYMENTS: S&P Retains 'BB+' Corporate Credit Rating
----------------------------------------------------------
S&P Global Ratings assigned its 'BBB-' issue-level rating and '2'
recovery rating to Atlanta -based payments technology provider
Global Payments Inc.'s proposed $5 billion senior secured credit
facility, comprising a $1.25 billion revolver due 2022, term loan A
due 2022, term loan A-2 due 2022, and term loan B due 2023
(allocation between tranches not yet finalized).  The '2' recovery
rating indicates S&P's expectation for substantial (70% to 90%;
rounded estimate: 70%) recovery in a default scenario.  The company
will use proceeds of the issuance to retire the existing credit
facility.  S&P's 'BB+' corporate credit rating and stable outlook
on Global Payments remain unchanged.

RATINGS LIST

Global Payments Inc.
Corporate Credit Rating           BB+/Stable/--

New Rating

Global Payments Inc.
Global Payments Direct Inc.
Senior Secured                 
$1.25 bil. revolver due 2022      BBB-
  Recovery Rating                  2 (70%)
Term loan A due 2022              BBB-
  Recovery Rating                  2 (70%)
Term loan A-2 due 2022            BBB-
  Recovery Rating                  2 (70%)
Term loan B due 2023              BBB-
  Recovery Rating                  2 (70%)


GREENE TECHNOLOGIES: Hires Fintel and Associates as Attorneys
-------------------------------------------------------------
Greene Technologies Incorporated seeks authorization from the U.S.
Bankruptcy Court for the Northern District of New York to employ
Edward J. Fintel and Associates as attorneys.

The Debtor requires Fintel and Associates to:

     a. advise the Debtor as to its rights, duties and powers as a
Debtor-in-Possession;

     b. prepare and file the necessary applications, answers,
reports, orders, and other legal papers necessary to be file by the
Debtor in this case;

     c. represent the Debtor at all hearings, meetings of
creditors, conferences, trials, and other proceedings in this case;
and

     d. perform other legal services as may be necessary in
connections with this case; and it is necessary for the Debtor, as
Debtor-in-Possession, to employ an attorneys for such professional
services.

The Debtor will compensate Fintel & Associates at $270 per hour.

Fintel and Associates has received from the Debtor a retainer of
$5,000 in this proceeding, as well as $1,717.00 for the Chapter 11
filing fee.

Prior to the Filing Date, Fintel & Associates has been paid
$$2,750.00 for legal services performed pre-petition from said
retainer. Debtor also paid the filing fee of $1,717.00.

Edward J. Fintel and Associates has no connection with the
creditors or any other party in interest or their respective
attorneys and accountants, the United States Trustee or any person
employed in the office of the United States Trustee.

Fintel & Associates can be reached at:

      Edward J. Fintel, Esq.
      Edward J. Fintel & Associates
      227 West Fayette Street, Suite 200
      Syracuse, New York 13202
      Tel: (315) 424-8252
      E-mail: ejfintel@aol.com

            About Greene Technologies Incorporated

Greene Technologies Incorporated filed a Chapter 11 bankruptcy
petition (Bankr. N.D.N.Y.. Case No. 17-60389) on March 31,
2017. Edward J. Fintel and Associates represents the Debtor as
counsel.

The Debtor disclosed total assets of $795,274 and total liabilities
of $1.01 million. The petition was signed by Carol M. Rosenkrantz,
president.


HALYARD HEALTH: S&P Affirms 'BB-' CCR & Revises Outlook to Neg.
---------------------------------------------------------------
S&P Global Ratings affirmed its ratings on Halyard Health Inc.,
including the 'BB-' corporate credit rating, and revised the
outlook to negative from stable.

The issue-level rating on the secured debt is 'BB-', with a '3'
recovery rating.  The '3' recovery rating indicates expectations
for meaningful (50%-70%; rounded estimate: 60%) recovery in the
event of a payment default.  The issue-level rating on the
unsecured debt is 'B', with a '6' recovery rating.  The '6'
recovery rating indicates expectations for negligible (0%-10%;
rounded estimate: 5%) recovery in a payment default.

"The negative outlook follows Halyard's announcement that a
California jury found against Halyard and its former parent,
Kimberly-Clark Corp., and awarded both compensatory [$4 million]
and punitive [$450 million] damages to the plaintiffs," said S&P
Global Ratings credit analyst David Kaplan.  Halyard had previously
indemnified Kimberly-Clark for damages relating to the case, thus
Halyard would be responsible for the full amount.  Halyard was
accused of concealing certain information regarding its MICROCOOL
Breathable High Performance Surgical Gowns and that it deliberately
sold defective protective equipment used in the recent Ebola
pandemic preparedness.

Halyard Health denies the allegations and continues to sell its
MICROCOOL gowns, which contribute less than $40 million of annual
revenue.  The company intends to file a motion to reverse the
jury's verdict.  In addition, the court is likely to significantly
reduce the award amount.  However, Halyard will have to operate
under a significant legal uncertainty over the long term, given
that this is a multi-step legal process.  Also, further litigation
could emerge, if other states follow suit.

The negative outlook reflects downside risk to the 'BB-' rating
from the uncertain financial impact from reputational, legal, and
regulatory risks, as well as the potential impact this may have on
the company's competitive dynamics.

S&P believes there is a strong likelihood that the court will
subsequently significantly reduce the initial damage award.
However, should the judgement be entered at the awarded amount, S&P
would consider a downgrade, despite the likelihood that Halyard
would appeal the outcome and that the process would be lengthy.
The ultimate credit impact could range from immaterial to severe
depending on the extent to which the courts deem Halyard to be
liable.  S&P also notes that the litigation could result in
operational underperformance, due to potential reputational damage,
significant litigation costs, and because it is a distraction to
management.  In addition, the company has been acquisitive, as it
seeks to expand its higher-margin medical devices business (30% of
revenues).  Debt-financed acquisitions that result in leverage
above 4x over the longer term could also lead to a downgrade.

S&P would consider a revision back to stable should it receives
greater clarity regarding the litigation, including a reduction of
the award and that there would not be significant subsequent
litigation from other states.  Additionally, S&P would see if
litigation matters have any significant adverse impact on the
company's operating performance and credit metrics before
contemplating revising the outlook back to stable.


HARRINGTON & KING: Court Allows Further Use of Cash Collateral
--------------------------------------------------------------
Judge Deborah L. Thorne of the U.S. Bankruptcy Court for the
Northern District of Illinois signed an Agreed Ninth Interim Order
authorizing The Harrington & King Perforating Co., Inc. and its
affiliated debtors to use the cash collateral of Inland Bank and
Trust.

The Debtors are indebted to Inland Bank and Trust in the amount of
$4,057,788 as of the Petition Date.  

Inland Bank consented to the Debtors' use of cash collateral.  

Inland Bank is granted replacement liens as security for payment of
the prepetition debt, to the same extent of the Inland Bank's
priority in the prepetition collateral.

Inland Bank is also authorized to collect upon, convert to cash and
enforce checks, drafts, instruments and other forms of payment on
behalf and for the benefit of the bankruptcy estate.  Prior to the
termination date, Inland Bank will remit to the Debtors all cash
collateral as and when necessary to pay the expenses set forth in
the Budget.

The approved budget for April 14, 2017 through June 2, 2017
provides total operating expenses in the aggregate sum of $133,388
and total operating disbursements of approximately $1,327,123.

On the other hand, the Debtors will remit any excess cash
collateral to Inland Bank to the extent that the cash collateral
held by the Debtors exceeds:

     (a) $150,000 cash reserve;

     (b) the disbursements set forth in the Budget for the
following week; and

     (c) any budgeted items not paid in the prior weeks, but still
payable by the Debtors.

At the election of Inland Bank, all cash collateral received in
excess of expenses set forth in the Budget and the $150,000 reserve
will be applied: first, to the payment of the Prepetition Debt, and
second, payment of the Allowable 506(b) Amounts.

At the election of Inland Bank, the Debtors' right to use cash
collateral will terminate the earliest to occur of:

   (a) the date on which Inland Bank & Trust provides written
notice to counsel for the Debtors and counsel for the Official
Committee of Unsecured Creditors of the occurrence and continuance
of an Event of Default;

   (b) the date on which the Prepetition Debt is indefeasible paid
in full in cash; and

   (c) April 18, 2017.

A further hearing on the Debtors' Motion has been scheduled for
April 13, 2017 at 10:00 a.m.

A full-text copy of the Agreed Ninth Interim Order, dated April 7,
2017, is available at http://tinyurl.com/m4ekbeq

            About The Harrington & King Perforating

The Harrington & King Perforating Co., Inc., and Harrington & King
South Inc. are in the business of manufacturing perforating metal
sheets and rolled coils of varying gauges and types to produce hole
patterns of various sizes, shapes, and spacing.  Most of the work
is done to customer specifications and consists of high value-added
jobs, not typical of most metal punching.  The products are used in
automotive, acoustics, architecture, food and pharmaceutical
straining and filtering, interior design, manufacturing, safety
flooring, pollution control, transportation and mining cleaning and
grading, electronics and other fields.

The Debtors sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Ill. Case Nos. 16-15650 and 16-15651) on May 7,
2016.  The petitions were signed by Greg McCallister, chief
restructuring officer and chief operating officer.  The cases are
jointly administered under Case No. 16-15650.  The Debtors
estimated assets and liabilities in the range of $1 million to $10
million.

The cases are assigned to Judge Deborah L. Thorne.

The Debtors hired William J. Factor, Esq., at The Law Office of
William J. Factor, Ltd., as bankruptcy counsel.  The Debtors tapped
Patricia A. Shlonsky, Esq., and Ulmer & Berne LLP as special
counsel; Miles P. Cahill, Esq. at Spiegel & Cahill, P.C. as Special
Workers' Compensation Counsel; Vito Mitria and the Beacon
Management Advisors LLC as financial advisor; and Larry Goldwasser
and Cushman & Wakefield of Illinois, Inc. as real estate broker.

The Official Committee of Unsecured Creditors retained Thomas R.
Fawkes, Esq. and Brian J. Jackiw, Esq. of Goldstein & McClintock
LLLP as its legal counsel.  The Committee also engaged John B.
Pidcock and Conway MacKenzie, Inc. as its financial advisor.


HCR MANORCARE: Enters Into Forbearance Agreement with Quality Care
------------------------------------------------------------------
Quality Care Properties, Inc. on April 5, 2017, disclosed that it
entered into a forbearance agreement (the "Agreement") with its
principal tenant, HCR III Healthcare, LLC and its parent HCR
ManorCare, Inc. (together, "HCR ManorCare").  Among other things,
the Agreement would require HCR ManorCare to make cash rent
payments of $32 million for each of April, May and June of 2017,
with a deferral of the additional $7.5 million per month otherwise
due until the earlier of (i) July 5, 2017 and (ii) an early
termination of the Agreement, with all deferred amounts becoming
immediately due and payable upon an early termination. The
Agreement also requires HCR ManorCare to deliver its 2016 audited
financial statements and auditor consent to QCP not later than
April 10, 2017, which is expected to include a "going concern"
exception for HCR ManorCare in the auditor opinion.

Importantly, during the term of the Agreement, which will end on
July 5, 2017, unless earlier terminated, QCP and HCR ManorCare
intend to engage in good faith discussions concerning a long-term
restructuring of the terms of the master lease, the guaranty of the
master lease and certain other matters.  To facilitate the
exploration of restructuring alternatives, QCP also agreed to
provide HCR ManorCare with a temporary secured extension of credit
of up to $7 million per month during each of April, May and June of
2017 (up to $21 million in the aggregate), which would be due and
payable in full not later than December 31, 2017, subject to
acceleration upon certain events.

"We are pleased to have reached this agreement and are working with
HCR ManorCare to reach a comprehensive, long-term solution to the
master lease that seeks to both preserve and enhance the value of
our properties, while supporting the ability of HCR ManorCare and
its thousands of employees and caregivers to provide high-quality
care for their patients and residents.  We remain open to all
appropriate solutions, including possibly transitioning to
increased equity ownership in HCR ManorCare," said Mark Ordan,
QCP's Chief Executive Officer.   

Additional details regarding the Agreement are available in the
Current Report on Form 8-K filed by the Company with the Securities
and Exchange Commission on April 5, 2017.

HCR ManorCare accounted for 94% of QCP's total revenues during the
year ended December 31, 2016.

                            About QCP

Quality Care Properties, Inc. -- http://www.qcpcorp.com-- is one
of the nation's largest actively managed real estate companies
focused on post-acute/skilled nursing and memory care/assisted
living properties.  QCP's properties are located in 29 states and
include 257 post-acute/skilled nursing properties, 61 memory
care/assisted living properties, a surgical hospital and a medical
office building.


HOUSTON PLATE: Hires Mark Eyring as Accountant
----------------------------------------------
Houston Plate Processing, Inc. seeks authorization from the U.S.
Bankruptcy Court for the Southern District of Texas to employ Mark
W. Eyring as certified public accountant.

The Debtor requires Mr. Eyring to assimilate the data necessary to
prepare monthly internal financial statements, which will include
implementation of QuickBooks accounting system; preparing the
annual Corporate Federal Tax Return; preparing the annual State
Franchise Tax Return; and assisting in
the workout process with creditors and any other business services
directly related to these proceedings.

Mr. Eyring will charge a flat fee of $475 per month for his
services.  He will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Mr. Eyring assured the Court that his firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtor and
its estate.

The accountant can be reached at:

       Mark W. Eyring
       3119 East Hickory Park Circle
       Sugar Land, TX 77479
       Tel: (281) 240-8000

                  About Houston Plate Processing

Houston Plate Processing, Inc., sought protection under Chapter 11
of the Bankruptcy Code (Bankr. S.D. Tex. Case No. 17-30603) on
Feb. 2, 2017.  The petition was signed by Jeremiah E. Thompson,
president.  The case is assigned to Judge Karen K. Brown.  Margaret
M. McClure, Esq., at the Law Office of Margaret M. McClure serves
as the Debtor's bankruptcy counsel.

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


ICSH PARENT: Moody's Assigns B3 Corporate Family Rating
-------------------------------------------------------
Moody's Investors Service assigned first time ratings to ICSH
Parent, Inc., including a B3 corporate family rating and a B3-PD
probability of default rating. Instrument ratings are detailed
below. The rating outlook is stable. The proceeds from the new
facilities will be used to finance the acquisition of ICS by
Centerbridge Partners, as well as pay fees and expenses associated
with the transaction.

The purchase price is supported by an undisclosed equity investment
by Centerbridge Partners. The equity investment is pure common
stock and not expected to have a dividend, PIK or accrete. The
transaction is expected to close in early May.

Moody's took the following actions:

Assignments:

Issuer: ICSH Parent Inc.

-- Probability of Default Rating, Assigned B3-PD

-- Corporate Family Rating, Assigned B3

-- Senior Secured Bank Credit Facility, Assigned B2 (LGD 3)

Outlook Actions:

Issuer: ICSH Parent Inc.

-- Outlook, Assigned Stable

RATINGS RATIONALE

The assignment of the B3 corporate family rating reflects weak pro
forma credit metrics for the rating category and a primarily
commoditized product line with significant exposure to cyclical end
markets. The company operates in a fragmented and competitive
industry where it has greater scale than most competitors but is
significantly smaller than other rated packaging manufacturers. The
rating also reflects a mixed contract position that lacks
contractual raw material cost pass-through provisions and are
subject to competitive pricing. ICS is expected to remain
financially aggressive, focusing mainly on small tuck-in
acquisitions.

The rating is supported by the company's exposure to the
higher-margin reconditioning business, where ICS generates over 60%
of its revenue. The company also has long-standing customer
relationships with low customer concentration of sales as the top
ten account for approximately 13% of revenue and no single customer
accounts for more than 2%. The ratings are also supported by some
exposure to more stable end markets with roughly 14% of sales
emanating from food and beverage customers. Free cash flow is
expected to be used for accretive acquisitions or debt reduction.

The stable outlook reflects the expectation that ICS will continue
to execute its operating plan as it integrates acquisitions and
benefits from productivity initiatives and the dedication of free
cash flow to debt reduction.

The ratings could be upgraded if the company sustainably improves
credit metrics within the context of a stable operating and
competitive environment while also maintaining adequate liquidity.
Specifically, the ratings could be upgraded if debt/EBITDA declines
below 5.5 times, EBITDA to interest expense increases above 3.0
times and funds from operations to debt increases above 8.5%.

The ratings could be downgraded if credit metrics, the operating
and competitive environment, or liquidity deteriorates, or if the
company undertakes a large debt-financed acquisition. The ratings
could also be downgraded if the company fails to execute on its
integration and operating plans. Specifically, the ratings could be
downgraded if debt/EBITDA remains above 6.0 times, EBITDA to
interest expense declines below 2.0 times and funds from operations
to debt remains below 6.0%.

The principal methodology used in these ratings was Packaging
Manufacturers: Metal, Glass, and Plastic Containers published in
September 2015.

Headquartered in Maitland, Florida, Industrial Container Services
is a provider of industrial container solutions, container services
and container management systems. Steel reconditioning services
accounted for about 48% of 2016 sales, intermediate bulk container
reconditioning services for about 10%, specialty distribution for
about 21%, manufacturing for about 10%, and other for 11%, which
includes environmental and decontamination services. The company
generated approximately $353 million of sales in 2016. Industrial
Container Services will be a portfolio company of Centerbridge
Partners LP.


ICSH PARENT: S&P Assigns 'B' CCR on Acquisition by Centerbridge
---------------------------------------------------------------
S&P Global Ratings said that it assigned its 'B' corporate credit
rating to ICSH Parent Inc. (d/b/a Industrial Container Services).
The outlook is stable.

ICSH has signed an agreement to be acquired by Centerbridge
Partners L.P.  The acquisition is to be partially funded with a 1st
lien credit facility ($40 revolving credit facility, $360 million
1st lien term loan, and $65 million 1st lien delayed draw term
loan) and a 2nd lien credit facility ($135 million 2nd lien term
loan and a $25 million 2nd lien delayed draw term loan).

At the same time, S&P assigned its 'B' issue-level ratings and '3'
recovery ratings to the company's proposed 1st lien credit
facility, which consists of a $40 million revolving credit
facility, a $360 1st lien term loan, and a $65 million 1st lien
delayed draw term loan.  The '3' recovery ratings indicate S&P's
expectation of meaningful recovery (50%-70%; rounded estimate 55%)
in the event of a default.

The company's 2nd lien credit facility is unrated.

Maitland, Fla.-based ICSH Parent Inc. (d/b/a Industrial Container
Services) is a vertically integrated provider of industrial
container products and services, operating through 49 facilities
located throughout the U.S. and Canada.  The company's services
include container reconditioning (58% of pro forma 2016 sales),
distribution (21%), manufacturing (10%), and other ancillary
services (11%).  The company's reconditioning services entail the
treatment of used containers (i.e. steel drums, intermediate bulk
containers [IBC], and plastic drums) for reuse in various
end-markets, including the petro-chemical, chemical, and food
sectors. The company's distribution segment offers a range of both
new and refurbished industrial container and packaging solutions,
including ICSH's reconditioned products.  The company recently
entered into container manufacturing, producing steel drums,
plastic drums, and other related products.

"The stable outlook on ICSH Parent reflects our expectation that
improving petrochemical and chemical end-markets and a sustained
recovery in steel prices will support overall sales volumes.  We
expect the company to continue aggressively pursuing bolt-on
acquisitions, but nothing that would cause credit metrics to remain
elevated for a prolonged period of time," said S&P Global Ratings
credit analyst Daniel Lee.

S&P expects the aforementioned factors to drive moderate sales
growth and improving operating margins over the next 12 to 18
months.  S&P expects ICSH will de-leverage to an adjusted
debt-to-EBITDA ratio of approximately 7x over the next 12 to 18
months, which combined with its positive free cash flow generation,
covenant-lite capital structure, and modest amortization
requirements, is appropriate for the current rating.

S&P could lower its ratings on ICSH if weaker demand trends in the
company's key end-markets, and or the failure to execute on
management's various operating initiatives could result in
deteriorating operating performance and negative free cash flow.
Under such a scenario, S&P would expect the company's adjusted
debt-to-EBITDA to remain above 7x with no near-term prospects for
improvement.  This could occur if operating margins fall by 300
basis points (bps).  S&P could also downgrade the company if it
pursues shareholder rewards that further deteriorate its credit
measures.

Although unlikely over the next 12 months, S&P could raise its
rating on ICSH if better than expected demand trends result in a
significant improvement in sales volumes and operating margins.
Under such scenario, S&P would expect the company's adjusted
debt-to-EBITDA ratio to improve to below 5x on a sustained basis.
This could occur if operating margins improve by 400 bps, combined
with mid-single digit revenue growth.  In conjunction with improved
credit measures, S&P would require a commitment from the company
and its financial sponsor to maintain financial policies that
support the current rating.


ILIANA NEUROSPINE: Hires Powers Pyles Sutter as Healthcare Counsel
------------------------------------------------------------------
Iliana Neurospine Institute, LLC seeks authorization from the U.S.
Bankruptcy Court for the Northern District of Indiana to employ
Powers Pyles Sutter & Verville PC as special counsel for certain
healthcare matters.

The Debtor requires Powers to represent the Debtor in connection
with certain healthcare issues, including but not limited to the
interpretation of Health Insurance Portability and Accountability
Act ("H.I.P.A.A.") and its application to the information sought by
the Federal Deposit Insurance Corporation, as Receiver for First
Union Bank ("FDIC").

Powers will be paid at these hourly rates:

     Robert M. Portman, Esq.      $620
     Associates                   $300

Powers will receive $5,0000 as retainer.

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

Robert M. Portman, Esq., principal in the law firm of Powers Pyles
Sutter & Verville PC, assured the Court that the firm is does not
represent any interest adverse to the Debtor and its estates.

Powers may be reached at:

      Robert M. Portman, Esq.
      Powers Pyles Sutter & Verville PC
      1501 M Street, NW 7th Floor
      Washington, DC 20005
      Phone: 202-872-6756
      E-mail: rob.Portman@powerslaw.com

                  About Iliana Neurospine LLC

Iliana Neurospine Institute, LLC -- dba Illinois Neurospine
Institute fdba successor by merger to Illinois Neurospine
Institute, LLC -- filed a chapter 11 petition (Bankr. N.D. Ind.
Case No. 16-23444) on Dec. 8, 2016.  

Illinois Neurospine Institute, P.C., was an Illinois professional
corporation.  On July 22, 2014, the assets of Illinois Neurospine
Institute were merged into Iliana Neurospine Institute, LLC, which
is the surviving entity.  Prior to the merger, Ronald Michael, M.D.
Was the president and employee of Illinois Neurospine Institute,
and owned 100% of its outstanding shares.  

The Debtor owns 100% of the membership interest of Iliana
Neurospine Institute.  The Debtor is the entity through which Dr.
Michael provides healthcare services, resulting in the creation of
accounts receivable that funds its business operations.  It is also
the primary source of the Debtor's income.

Dr. Michael is a board certified specialist in neurological
surgery.  He earned A.B. and S.M. degrees from the University of
Chicago in Biological Sciences and Biochemistry, respectively in
1981 and 1984.  Dr. Michael graduated from the University of
Illinois, Chicago College of Medicine in 1986 and completed
residency in neurological surgery at Northwestern University in
1993.  Dr. Michael has been practicing medicine for approximately
30 years including seven years of residency training.  The bulk of
Dr. Michael's work invovles spine surgery.  He treats patients
suffering from a variety of debilitating ailments, including
degenerative and traumatic disc disease.  Dr. Michael helps his
patients manage their pain and improve their overall life.

The Chapter 11 petition was signed by Ronald Michael, M.D.,
managing member.  The Debtor is represented by Gordon E. Gouveia,
Esq., at Gordon E. Gouveia, LLC.  The case is assigned to Judge
Philip J. Klingeberger.  The Debtor estimated assets and
liabilities at $1 million to $10 million at the time of the filing.


IMPLANT SCIENCES: Equity Panel Denied More Leeway to Sue Lenders
----------------------------------------------------------------
The Hon. Brendan Linehan Shannon of the U.S. Bankruptcy Court for
the District of Delaware has entered a memorandum order denying the
request of the Official Committee of Equity Security Holders for
clarification and reconsideration, on a limited basis, of order
granting in part and denying part the Equity Committee's request
for entry of an order granting standing to commence and prosecute
certain claims on behalf of the Debtors' estates against lenders
DMRJ Group, LLC, and Montsant Partners, LLC.

A copy of the memorandum order is available at:

           http://bankrupt.com/misc/deb16-12238-629.pdf

Rick Archer, writing for Bankruptcy Law360, reports that the Court
denied on April 3 a bid by a stockholders committee to expand its
limited standing to sue the lenders, saying the standing issue had
"played itself out."  The Court, according to Law360, denied the
committee's request for an order finding that they could file new
claims in the future against the lenders, saying the question had
been settled and leaving it open could endanger future
debtor-in-place financing.

Jeff Montgomery at Law360, relates that the Court said that a bid
by a stockholders committee to expand its limited standing file a
lawsuit against the lenders could send ripples well beyond the
case.  

Law360 relays that a hearing was held on a motion for
reconsideration of a Jan. 30 court order allowing the official
equity security holders committee to pursue insider trading, usury
and related claims against lenders DMRJ Group LLC and Montsant
Partners LLC.

The lenders opposed the Reconsideration Motion, which is the target
of the litigation the Equity Committee seeks leave to prosecute.

At the outset of the proceedings, the Court entered interim orders
and later, final financing that provided, inter alia, for a limited
period within which the parties could investigate the secured liens
and claims of DMRJ.  If claims were not brought by a party with
standing to sue within that period, DMRJ would obtain a release.

The Equity Committee requested that the Court clarify that the
standing order doesn't limit the Equity Committee's ability to
pursue other or different claims against DMRJ/Montsant in the
future.  The Equity Committee reported that it did not receive all
of the discovery it sought from DMRJ/Montsant: if further
investigation or discovery in the litigation reveals a basis for
claims that were not articulated in the proposed complaint, the
Equity Committee reasons that it should have the opportunity to
return to this Court in the future for leave to pursue these
claims.

DMRJ/Montsant opposes the reconsideration motion.  DMRJ/Montsant
accurately notes that the Equity Committee's argument (regarding
the ability to bring new claims in the future) was previously
presented to, and rejected by, the Court.  On the merits of the
issue, DMRJ/Montsant notes that both the DIP court order and the
procedures governing derivative standing provide that claims are
released if standing is not sought and obtained by the challenge
deadline.

DMRJ/Montsant has the better argument.  The Equity Committee's
interpretation misconstrues the role and function of the Court as
gatekeeper: the Court is obliged to consider a standing motion and
the individual counts in the proposed complaint on a count-by-count
basis prior to expiry of the challenge deadline.  The prospect of
the Equity Committee returning to the Court, possibly repeatedly,
in the future for leave to sue on new and different claims and
theories appears demonstrably at odds with both the expectations of
the secured lenders under a DIP financing court order and the
procedural construct whereby derivative standing is obtained.

The Court is not unsympathetic to the challenges faced by the
Equity Committee, particularly where its investigation may have
been hampered by the indictment of individuals related to
DMRJ/Montsant.  Nevertheless, the process played itself out: the
Court heard the standing motion, applied the "colorability"
standard, and granted standing to sue as to those claims deemed
colorable.  

                     About IMX Acquisition

IMX Acquisition Corp., also known as Ion Metrics Inc., and its
affiliates, comprise a leading designer and manufacturer of
systems and sensors that detect trace amounts of explosives and
drugs.  Their products, which include handheld and desktop
detection devices, are used in a variety of security, safety, and
defense industries, including aviation, transportation, and customs
and border protection.  The Debtors have sold more than 5,000 of
their detection products to customers such as the United States
Transportation Security Administration, the Canadian Air
Transportation Security Authority, and major airports in the
European Union.

IMX Acquisition Corp. sought Chapter 11 protection (Bankr. D. Del.
Case No. 16-12238) on Oct. 10, 2016.  Its affiliates, Implant
Sciences, C Acquisition Corp. and Accurel Systems International
Corp. also sought Chapter 11 protection.  The cases are assigned to
Judge Brendan Linehan Shannon.

IMX estimated assets and liabilities in the range of $100 million
to $500 million.  The Debtors tapped Paul V. Shalhoub, Esq. and
Debra C. McElligott, Esq., and Jennifer J. Hardy, Esq., at Willkie
Farr & Gallagher, LLP, as counsel.

The petitions were signed by William J. McGann, president.

Andrew Vara, acting U.S. trustee for Region 3, on Oct. 24, 2016,
appointed Harold Coe and four others to serve on the official
committee of equity security holders.  Co-counsel to the
Official Committee of Equity Security Holders are William R.
Baldiga, Esq., and Gerard T. Cicero, Esq., at Brown Rudnick LLP, in
New York, and Sunni P. Beville, Esq., at Brown Rudnick LLP, in
Boston, Massachusetts; and Mark Minuti, Esq., at Saul Ewing LLP, in
Wilmington, Delaware.  The Equity Committee tapped FTI
Consulting, Inc., as financial advisor.

Tannor Partners Credit Fund, LP., the New DIP Lender, is
represented in the case by Andrew M. Felner, Esq., at Sheppard,
Mullin, Richter & Hampton, LP.

                          *     *     *

L3 Technologies on Jan. 5, 2017, disclosed that it has completed
its acquisition of the explosives trace detection (ETD) business of
Implant Sciences.  L3 had entered into an asset purchase agreement
(APA) to acquire certain assets of Implant for $117.5 million in
cash, plus the assumption of specified liabilities.

The Debtors have changed their names following the sale: FIAC Corp.
from IMX Acquisition Corp.; Secure Point Technologies from Implant
Sciences; FCAC Corp. from C Acquisition Corp.; and FASIC Corp. from
Accurel Systems International Corporation.


IPAYMENT INC: Moody's Hikes CFR to B3; Outlook Stable
-----------------------------------------------------
Moody's Investors Service upgraded iPayment, Inc.'s (iPayment)
Corporate Family Rating (CFR) to B3 from Caa2, Probability of
Default Rating (PDR) to B3-PD/LD from Caa3-PD, and affirmed the B1
and Caa2 ratings of the company's new first lien and second lien
debt, respectively. Moody's also upgraded the rating for iPayment's
9.5% notes due 2019 that did not participate in the debt exchange
offer to Caa2, from Ca. iPayment's ratings outlook was changed to
stable from negative. The ratings changes reflect the completion of
iPayment debt exchange offer. Moody's will withdraw the ratings for
iPayment's existing first lien credit facility and the notes due
2018 upon the repayment of debt at the close of the refinancing.

RATINGS RATIONALE

Moody's characterized iPayment's exchange of its senior second lien
notes for preferred and common equity and cash as a distressed debt
exchange. Moody's appended iPayment's PDR with an "/LD" designation
indicating limited default, which will be removed after three
business days.

Moody's estimates that the debt restructuring will reduce
iPayment's total debt to EBITDA from 7.5x to 5.6x and annual
interest expense by approximately $10 million. Moody's expects
iPayment will have adequate liquidity, including at least about $15
million of cash on hand, upon the close of the recapitalization.
iPayment has generated year-over-year net revenue growth over the
last 10 quarters but EBITDA growth remains elusive and merchant
accounts continue to decline. The upgrade of the CFR to B3 reflects
Moody's view that iPayment's improved liquidity, extension of debt
maturities and the resolution of the lawsuit by its co-founder and
former CEO will allow management to focus on its growth strategy.
Moody's analyst Raj Joshi said, "The company will have adequate
flexibility to execute its strategy of growing merchant accounts by
expanding third-party distribution channels and increasing spending
on acquisitions of merchant portfolios and residual buyouts."
Moody's expects iPayment's free cash flow to increase from about 3%
of total debt in 2017 to 4% in 2018, with potential upside from
improved sales execution and increased investments.

The B3 CFR reflects iPayment's high leverage, small operating scale
and the intensely competitive merchant acquiring and payment
processing industry. Moody's expects iPayment to manage total debt
to EBITDA near 5x. The rating is supported by iPayment's recurring,
transactions-based revenues generated from a diverse customer base.
Moody's believes that rising consumer spending in the US and the
ongoing shift to electronic forms of payments mitigate iPayment's
challenges from intense competition.

The stable outlook reflects Moody's expectation that iPayment will
maintain net revenue growth of at least 3% to 4%, generate free
cash flow of about 3% to 4% of total debt and maintain adequate
liquidity over the next 12 to 18 months.

The ratings could be upgraded if iPayment's generates EBITDA growth
and free cash flow of approximately 7% to 8% of total debt on a
sustained basis, while maintaining total debt to EBITDA (Moody's
adjusted) below 5x. Conversely, the ratings could be downgraded if
iPayment's liquidity deteriorates, free cash flow is expected to
remain at or below the low single digit percentages of total debt
and total debt to EBITDA (Moody's adjusted) exceeds 6x.

iPayment's senior secured credit facilities are rated B1 with a
loss given default assessment of LGD 3, reflecting a first priority
security interest and a substantial layer of junior debt. The $175
million of senior 2nd lien are rated Caa2 (LGD 5) and benefit from
a second priority security interest in the collateral that is
pledged to the bank credit facilities. The senior 2nd lien notes
due 2019 that did not participate in the debt exchange offer are
rated Caa2 (LGD 6) as these notes no longer have guarantees and
will become unsecured obligations in new capital structure.

Moody's has taken the following rating actions:

Issuer - iPayment, Inc.

-- Corporate Family Rating -- B3, upgraded from Caa2

-- Probability of Default Rating -- B3-PD/LD, upgraded from
    Caa3-PD

-- Senior 1st lien revolving credit facility due 2022 -- B1 (LGD
    3), Affirmed

-- Senior 1st lien term loan due 2023 -- B1 (LGD 3), Affirmed

-- Senior 2nd lien notes due 2024 -- Caa2 (LGD 5), Affirmed

-- Outstanding amounts of existing senior 2nd lien notes due 2019

    (will become unsecured as part of exchange) -- Caa2 (LGD 6),
    upgraded from Ca (LGD 4)

Outlooks:

iPayment, Inc.

-- Outlook -- Revised to Stable, from Negative

The following ratings will be withdrawn upon the close of the
financing:

Issuer: iPayment, Inc.

-- Senior secured credit facility due 2017 -- B2 (LGD 2)

-- 10.25% senior unsecured notes due 2018 -- Ca (LGD 5)

Issuer: iPayment Holdings, Inc.

-- Senior PIK notes due 2018 -- Ca (LGD 5)

iPayment, Inc. is a merchant acquirer that provides credit and
debit card-based payment processing services to small business
merchants in the United States. iPayment generated an estimated
$349 million in revenues (net of interchange) in 2016.

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


IPAYMENT INC: S&P Lowers CCR to 'SD' on Distressed Debt Exchange
----------------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on New
York-based iPayment Inc. to 'SD' (selective default) from 'CC'.  At
the same time, S&P lowered its issue-level ratings on the company's
9.5% second-lien notes to 'D' from 'C'.

"The downgrades follow iPayment's agreement with noteholders to
exchange about 95% of its second-lien notes for a combination of
common stock, new preferred stock, and cash," said S&P Global
Ratings credit analyst Craig Sabatini.

The remaining balance of the second-lien notes will remain on the
balance sheet and mature in 2019.  S&P treats the exchange
transactions as tantamount to a default, based on its criteria,
because investors will receive less principal and interest than the
securities promised.



JAZZ SECURITIES: Moody's Affirms Ba3 CFR & Alters Outlook to Stable
-------------------------------------------------------------------
Moody's Investors Service affirmed the ratings of Jazz Securities
Limited, a subsidiary of Jazz Pharmaceuticals plc (collectively
"Jazz"). The affirmed ratings include the Ba3 Corporate Family
Rating, the Ba3-PD Probability of Default Rating, and the Ba2 (LGD
3) senior secured rating. In addition, Moody's raised the
Speculative Grade Liquidity Rating to SGL-1 from SGL-2. At the same
time, Moody's revised Jazz's rating outlook to stable from
negative.

Rating affirmed:

Jazz Securities Limited:

Corporate Family Rating at Ba3

Probability of Default Rating at Ba3-PD

Senior secured term loan facility due 2021 at Ba2 (LGD3)

Senior secured revolving credit facility due 2021 at Ba2 (LGD3)

Rating raised:

Speculative Grade Liquidity Rating to SGL-1 from SGL-2

Outlook actions:

Jazz Securities Limited

Revised to stable from negative

"The outlook change to stable from negative reflects reduced
likelihood of near-term generic competition for Xyrem following a
patent settlement, combined with recent improvement in credit
metrics," stated Michael Levesque, Moody's Senior Vice President.

RATINGS RATIONALE

Jazz's Ba3 rating reflects the company's position as a niche,
specialty pharmaceutical company with about $1.5 billion of annual
revenue. The rating considers Jazz's good growth prospects and its
strong market position with Xyrem, the only FDA-approved drug to
treat excessive daytime sleepiness (EDS) and cataplexy in
narcolepsy. Xyrem and other Jazz products treat critical medical
conditions and have limited competition, affording Jazz
considerable pricing power. The ratings are constrained by Jazz's
limited scale and high product concentration in Xyrem, which
generates over 70% of sales. This risk is elevated by several
unresolved patent challenges on Xyrem. However, risk of a near-term
generic launch has substantially declined following recent
settlements with several generic companies, including Roxane
(acquired by Hikma), which had received final FDA approval for its
generic version of Xyrem. The ratings are also constrained by
Moody's view that the company will continue to make debt-funded
acquisitions. However, this strategy will also aid the company in
sustaining long-term growth and improving its product
diversification.

The upgrade of the Speculative Grade Liquidity Rating to SGL-1 from
SGL-2 reflects strong and rising free cash flow, increasing
revolver capacity due to revolver repayments, and ample cushion
under financial maintenance covenants.

The stable outlook reflects Moody's expectation for solid earnings
growth and low likelihood of a Xyrem generic launch over the next
few years, offset by continuation of limited revenue diversity.

Factors that could lead to an upgrade include greater revenue
diversity arising from a launch of Vyxeos and growth in Defiteleo,
favorable resolution of the unresolved Xyrem patent challenges, and
debt/EBITDA sustained below 2.5 times. Conversely, factors that
could lead to a downgrade include operating challenges such as a
generic Xyrem launch or supply disruptions, large debt-funded
acquisitions, or debt/EBITDA sustained above 3.5 times.

The principal methodology used in these ratings was Global
Pharmaceutical Industry published in December 2012.

Jazz Securities Limited is an Irish subsidiary of Jazz
Pharmaceuticals plc (collectively referred to as "Jazz"), a
specialty pharmaceutical company with a portfolio of products that
treat unmet needs in narrowly focused therapeutic areas. Total
revenues in 2016 were approximately $1.5 billion.


JET SERVICES INC: Asks Court Permission to Use Cash Collateral
--------------------------------------------------------------
Jet Services, Inc., asks permission from the U.S. Bankruptcy Court
for the Southern District of Alabama to use the funds from its
receivables in the ordinary course of business.

The Debtor relates that prior to its bankruptcy filing, the
Internal Revenue Service issued a levy upon receivables due to the
Debtor from various sources.  The IRS has also issued a levy upon
the Debtor's operating account at Trustmark Bank.

As such, the Debtor also requests the Court to permit payment of
receivables to be made directly to the Debtor for it has an urgent
need of funds to continue the operation of its business.

In addition, the Debtor asks the Court to release the levy on its
operating account so that it may be able to access the funds in
that account in order to transfer said funds to its Chapter 11
Debtor-In-Possession Account for the operation of its business.  

The Debtor contends that if the IRS' levies remain in place, the
Debtor will be unable to maintain the operation of its business as
a going concern.

A full-text copy of the Debtor's Motion, dated April 7, 2017, is
available at http://tinyurl.com/n2z2j96

Jet Services, Inc., is represented by:

          Robert M. Galloway, Esq.
          Galloway, Wettermark, Everest & Rutens, LLP
          Post Office Box 16629
          Mobile, AL 36616
          Phone: (251) 476-4493
          E-mail: bgalloway@gallowayllp.com

                   About Jet Services, Inc.

Jet Services, Inc., filed a Chapter 11 petition (Bankr. S.D. Ala.
Case No. 17-01296) on April 7, 2017.  The Debtor is represented
Robert M. Galloway, Esq., at Galloway, Wettermark, Everest &
Rutens, LLP.


JEVIC HOLDING: Structured Dismissal Can't Breach Creditor Hierarchy
-------------------------------------------------------------------
Alex Wolf, writing for Bankruptcy Law360, reports that attorneys
who represented parties on the losing side of the U.S. Supreme
Court's decision in Czyzewski et al. v. Jevic Holding Corp. et al.,
were relieved after the justices ruled that courts cannot authorize
a distribution of Chapter 11 estate assets in violation of creditor
priority scheme as part of a structured dismissal without proper
consent.

Citing experts, Law360 relates that the Supreme Court avoided going
so far as to prohibit deviation from the scheme at any time during
a case, instead making a carefully tailored decision that doesn't
disturb routine practices.

Law360 states that the court evidently wanted to avoid a broader
conclusion that there can never be a deviation from the U.S.
Bankruptcy Code's absolute priority rule governing the order in
which classes of creditors are paid in Chapter 11.  Experts said
that a broader decision could have effectively eliminated
"first-day motions" that allow a debtor to pay critical vendors,
employee wages, taxes and other expenses before paying secured or
higher-priority creditors, Law360 adds.

Law360 quoted Rob Feinstein, Esq., at Pachulski Stang Ziehl & Jones
who represents a group of unsecured Jevic creditors, as saying, "If
they had issued a broader opinion, I think it could have really
wreaked havoc in day-to-day bankruptcy practice and, fortunately,
that didn't happen.  We wanted to win our own case, but if we lost,
we didn't want to lose on a basis that would break bankruptcy."

                   About Jevic Transportation

Based in Delanco, New Jersey, Jevic Transportation Inc. --
http://www.jevic.com/-- provided trucking services.  Two      
affiliates -- Jevic Holding Corp. and Creek Road Properties-- have
no assets or operations.  Jevic et al. sought Chapter 11
protection (Bankr. D. Del. Case No. 08-11008) on May 20, 2008.

Domenic E. Pacitti, Esq., and Michael W. Yurkewicz, Esq., at Klehr
Harrison Harvey Branzburg & Ellers, in Wilmington, Del.,
represented the Debtors.

The U.S. Trustee for Region 3 appointed five creditors to
serve on an Official Committee of Unsecured Creditors.  Robert J.
Feinstein, Esq., Bruce Grohsgal, Esq., and Maria A. Bove, Esq., at
Pachulski Stang Ziehl & Jones LLP, in Wilmington, Del., represent
the Official Committee of Unsecured Creditors.

Before filing for bankruptcy, the Debtors initiated an orderly
wind-down process.  As a part of the wind-down process, the
Debtors ceased substantially all of their business and
terminated roughly 90% of their employees.  The Debtors continue
to manage the wind-down process in an attempt to deliver all
freight in their system and to retrieve their assets.

When the Debtors sought protection from their creditors, they
estimated assets and debts between $50 million and $100 million.
At Oct. 31, 2010, the Debtor had total assets of $425,000, total
liabilities of $12.2 million, and a stockholders' deficit of
$11.8 million.


KENTUCKY ASSOCIATES: Taps Zipp Tannenbaum as Special Counsel
------------------------------------------------------------
Kentucky Associates, LLC seeks authorization from the U.S.
Bankruptcy Court for the District of New Jersey to employ Zipp
Tannenbaum Caccavelli, LLC as special counsel to assist the Debtor
in the prosecution of a real estate tax appeal before the Atlantic
County Board of Taxation and, if necessary, to appeal to the New
Jersey Tax Court.

The Debtor requires Zipp Tannenbaum to give legal advice with
respect to the Debtor's tax appeal, to prepare necessary pleadings,
and all other legal services which may be necessary.

Zipp Tannenbaum agreed to handle the Debtor's tax appeal for a fee
of 15% of the annual savings, if any, if the tax appeal is
successful, with Debtor's paying filing fee and experts' fees.

Paul Tannenbaum of Zipp Tannenbaum assured the Court that the firm
is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code and does not represent any interest
adverse to the Debtor and its estate.

Zipp Tannenbaum can be reached at:

       Paul Tannenbaum, Esq.
       ZIPP TANNENBAUM CACCAVELLI, LLC
       280 Raritan Center Parkway
       Edison, NJ 08837
       Tel: (732) 605-1000

                    About Kentucky Associates

Kentucky Associates, L.L.C. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. N.J. Case No. 16-21083) on June 7,
2016. The petition was signed by Michael Joffe, member. The case is
assigned to Judge Jerrold N. Poslusny Jr. The Debtor disclosed
total assets of $1.75 million and total debts of $1.23 million.

Deiches & Ferschmann represents the Debtor as bankruptcy counsel.
The Debtor hired Thompson & Thompson as tax appeal counsel, and
Eisenberg Gold Cettei Agrawal, P.C. as special counsel.

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


LA PALOMA: Fee Examiner Taps Goldstein & McClintock as Counsel
--------------------------------------------------------------
Maria Aprile Sawczuk, the Fee Examiner of La Paloma Generating
Company, LLC and its debtor-affiliates, seeks authorization from
the U.S. Bankruptcy Court for the District of Delaware to employ
Goldstein & McClintock LLLP as counsel to the fee examiner, nunc
pro tunc to March 13, 2017.

The Fee Examiner requires Goldstein & McClintock to:

   (a) assist the Fee Examiner with her review of Fee Applications

       and related invoices for compliance with:

       -- Sections 328, 329, 330 and 331 of the Bankruptcy Code;

       -- Rule 2016 of the Federal Rules of Bankruptcy Procedure
          (the "Bankruptcy Rules");

       -- Local Rule 2016-2;

       -- The United States Trustee Guidelines for Reviewing
          Applications for Compensation & Reimbursement of
          Expenses Filed under 11 U.S.C. section 330; and

       -- The Order Establishing Procedures for Interim
          Compensation and Reimbursement of Expenses of
          Professionals, entered on January 17, 2017 [D.I. 164]
          (the "Compensation Order" and together with the Local
          Rules and the UST Guidelines, the "Guidelines");

   (b) assist the Fee Examiner in any hearings or other
       proceedings before the Court to consider the Fee
       Applications including, without limitation, advocating
       positions asserted in the reports filed by the Fee Examiner

       and on behalf of the Fee Examiner to the extent that such
       positions are not resolved prior to the hearing;

   (c) assist the Fee Examiner with legal issues raised by
       inquiries to and from the Retained Professionals and any
       other professional services provider retained by the Fee
       Examiner;

   (d) where necessary, attend meetings between the Fee Examiner
       and the Retained Professionals;

   (e) assist the Fee Examiner in developing protocols and making
       reports and recommendations; and

   (f) provide other services as the Fee Examiner may request.

Goldstein & McClintock will be paid at these hourly rates:

       Kavin Tedamrongwanish, associate      $275
       Teresa Gomez, paraprofessional        $235
       Partners                              $355-$735
       Associates                            $275-$315
       Paraprofessionals                     $155-$235

Goldstein & McClintock will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Maria Aprile Sawczuk, the Fee Examiner and partner of Goldstein &
McClintock, assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtors and
their estates.

The Court will hold a hearing on the application on May 10, 2017,
at 10:00 a.m. Objections, if any, are due April 18, 2017, at 4:00
p.m.

Goldstein & McClintock can be reached at:

       Maria Aprile Sawczuk, Esq.
       GOLDSTEIN & MCCLINTOCK LLLP
       222 Delaware Avenue, Suite 900
       Wilmington, DE 19801
       Tel: (302) 444-6710
       Fax: (302) 444-6709
       E-mail: marias@restructuringshop.com

                 About La Paloma Generating

La Paloma Generating Company, LLC, a D.C.-based merchant power
generator, and its affiliates La Paloma Acquisition Co, LLC, and
CEP La Paloma Operating Company, LLC filed separate Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 16-12700 to
16-12702) on Dec. 6, 2016.  The Hon. Christopher S. Sontchi
presides over the cases.  The petitions were signed by Niranjan
Ravindran, as authorized person.

The Debtors are represented by John J. Rapisardi, Esq., and George
A. Davis, Esq., at O'Melveny & Myers LLP, as lead bankruptcy
counsel; and Mark D. Collins, Esq., Andrew Dean, Esq., and Jason M.
Madron, Esq., at Richards, Layton & Finger, P.A., as Delaware
counsel.  Lawyers at Curtis, Mallet-Prevost, Colt & Mosle LLP serve
as conflicts counsel.  Jefferies LLC serves as the Debtors'
financial advisor and investment banker, while their claims and
noticing agent is Epiq Bankruptcy Solutions.  Alvarez & Marsal
North America, LLC, as financial advisor.

La Paloma Generating estimated $100 million to $500 million in
assets and $500 million to $1 billion in liabilities.

Maria Aprile Sawczuk has been appointed fee examiner in the
bankruptcy case.


LAKE NAOMI REAL ESTATE: Taps Mark Kneeream as Accountant
--------------------------------------------------------
Lake Naomi Real Estate, Inc. seek approval from the US Bankruptcy
Court for the Middle District of Florida to employ Mark Kneeream,
CPA of Mark Kneeream & Associates PC as accountant.

The professional services the Accountant shall render are:

     a. prepare and file tax returns and conduct tax research;

     b. perform normal accounting and other accounting services as
required by the Debtor; and

     c. prepare and/or assist the Debtor in preparing Court-ordered
reports, including the United States Trustee Reports (i.e., Monthly
Operating Reports and corporate Periodic Reports if necessary) and
any documents necessary for the Debtor's disclosure statement.

The firm will be paid an hourly rate of $175.00 for services
rendered by the Accountant; and $50 to $100 per hour for services
rendered by the accounting staff.  The firm will be reimbursed for
out of pocket costs such as computer charges, copies and postage
for the accounting services.

The Firm can be reached through:

     Mark Kneeream, CPA
     MARK KNEEREAM & ASSOCIATES PC
     269 Pierce St
     Kingston, PA 18704
     Tel: (570)714-5222
     Email: mkneeream@570pak.com

                 About Lake Naomi Real Estate

Lake Naomi Real Estate, Inc. filed a Chapter 11 petition (Bankr.
M.D. Fla. Case No. 17-02419) on March 24, 2017, listing under $1
million in both assets and liabilities, and is represented by Buddy
D. Ford, Esq., at Buddy D. Ford, P.A.


LILY ROBOTICS: Committee Retains Richards Layton as Co-counsel
--------------------------------------------------------------
The Official Committee of Unsecured Creditors of Lily Robotics, Inc
seeks approval from the US Bankruptcy Court for the District of
Delaware to retain Richards, Layton & Finger, P.A. as co-counsel to
the Committee nunc pro tunc to March 24, 2017.

Professional services RL&F will render are:

     (a) advise the Committee of its rights, powers, and duties in
this Chapter 11 Case;

     (b) assist and advise the Committee in its consultations with
the Debtor relative to the administration of this Chapter 11 Case;

     (c) assist the Committee in analyzing the claims of the
Debtor's creditors and in negotiating with such creditors;

     (d) assist with the Committee's investigation of the acts,
conduct, assets, liabilities, and financial condition of the Debtor
and of the operation of the Debtor’s business;

     (e) assist the Committee in its analysis of, and negotiations
with, the Debtor or its creditors concerning matters related to,
among other things, the terms of any plan or plans of
reorganization or liquidation or any section 363 sale;

     (f) prepare on behalf of the Committee any necessary motions,
applications, objections, answers, orders, reports and papers in
furtherance of the Committee’s interests and objectives; and

     (g) perform all other necessary legal services as may be
required and are deemed to be in the interests of the Committee in
connection with this Chapter 11 Case.

Mark D. Collins, director of Richards, Layton & Finger, P.A.,
attests that RL&F is a "disinterested person" as that term is
defined in section 101(14) of the Bankruptcy Code.

The principal professionals and paraprofessionals designated to
represent the Committee and the hourly rates they will charge are:

     Mark D. Collins     $900 per hour
     Amanda R. Steele    $530 per hour
     Brett M. Haywood    $385 per hour
     Ann Jerominski      $250 per hour

The Firm can be reached through:

     Mark D. Collins
     Amanda R. Steele
     Brett M. Haywood
     RICHARDS, LAYTON & FINGER, P.A.
     One Rodney Square
     920 North King Street
     Wilmington, DE 19801
     Tel: (302) 651-7700
     Fax: (302) 651-7701
     Email: collins@rlf.com
            steele@rlf.com
            haywood@rlf.com

                                 About Lily Robotics

Based in Atherton, California, Lily Robotics, Inc., is the
developer of the Lily Camera, a throw-and-shoot camera that
captures pictures and videos from the skies.  Its camera flies and
uses GPS and computer vision to follow user's adventure activities.
Lily sells its products internationally through its Web site
https://www.lily.camera/

Lily Robotics filed for Chapter 11 bankruptcy protection (Bankr. D.
Del. Case No. 17-10426) on Feb. 27, 2017, listing $32.99 million in
total assets as of Dec. 31, 2016, and $37.53 million in total
liabilities as of Dec. 31, 2016.  The petition was signed by
Spencer L. Wells, director.

Judge Kevin J. Carey presides over the case.

Robert J. Dehney, Esq., Andrew R. Remming, Esq., and Marcy J.
McLaughlin, Esq., at Morris, Nichols, Arsht & Tunnell LLP; Laura
Metzger, Esq., and Jennifer Asher, Esq., and Douglas S. Mintz,
Esq., at Orrick Herrington & Sutcliffe LLP serve as the Debtor's
bankruptcy counsel.

Prime Clerk LLC is the Debtor's claims and noticing agent.    


LINCOLN MEDICAL: Disclosure Statement Hearing Set for May 11
------------------------------------------------------------
The U.S. Bankruptcy Court for the District of New Jersey is set to
hold a hearing on May 11, at 10:00 a.m., to consider approval of
the disclosure statement, which explains the Chapter 11 plan for
Lincoln Medical Supply Company, LLC.

The hearing will take place at Courtroom 4B, 4th and Cooper Street,
Camden, New Jersey.  Objections to the disclosure statement must be
filed no later than 14 days prior to the hearing.

Lincoln Medical is represented by:

     Scott H. Marcus, Esq.
     Scott H Marcus & Associates
     121 Johnson Road
     Turnersville, NJ 08012
     Tel: (856) 227-0800
     Fax: (856) 227-7939
     Email: smarcus@marcuslaw.net

             About Lincoln Medical Supply Company

Lincoln Medical Supply Company, LLC, a Pleasantville, New
Jersey-based seller of medical supplies, filed a Chapter 11
petition (Bankr. D.N.J. Case No. 16-24206) on July 25, 2016.  The
petition was signed by Paul Reses, president.  The case is assigned
to Judge Andrew B. Altenburg Jr.  The Debtor is represented by
Scott H. Marcus, Esq., at Scott H. Marcus & Associates.  The Debtor
disclosed total assets at $478,623 and total liabilities at $1.47
million.


MACIEJ PAINT: Hires Faelon Partners as Business Broker
------------------------------------------------------
Maciej Paint Corporation dba Industrial Paint Specialists, Inc.
seeks authorization from the U.S. Bankruptcy Court for the District
of Minnesota to employ Faelon Partners, Ltd. as business broker for
the Debtor.

The Debtor filed this case on January 13, 2017 and is acting as a
Debtor-In-Possession operating its business from property located
at 5858 – 152nd Street North, Hugo, Minn. 55038.  The Debtor's
business consists of commercial and industrial painting. The
property at 5858 – 152nd Street North in Hugo, Minn. is owned by
an entity known as RJM, LLC.  RJM is not currently in a Chapter 11
proceeding.  RJM's business is to own and operate the real estate
in Hugo, Minn.

The Debtor and RJM were formerly owned by Richard Maciej. Mr.
Maciej died in December 2015. The Debtor and RJM are currently
owned and managed by Carol Maciej. The Debtor is interested, as is
RJM, in finding and locating a buyer for the Debtor as well as the
real estate owned by RJM.

The Debtor's Agreement with Faelon Partners obligates the Debtor to
pay to the Broker a commission fee equal to 7% of the Purchase
Price.  The Broker has agreed to file a Fee Application seeking
authority to be paid in the event a sale is negotiated.

Thomas W. Lyons, president of Faelon Partners, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estate.

Faelon Partners can be reached at:

       Thomas W. Lyons
       FAELON PARTNERS, LTD.
       4979 Olson Memorial Highway, Suite 101
       Golden Valley, MN 55422
       Tel: (763) 231-4200

Maciej Paint Corporation dba Industrial Painting Specialist, Inc.,
filed a Chapter 11 bankruptcy petition (Bankr. D.MN. Case No.
17-30094) on Jan. 13, 2017.  The petition was signed by Carol
Maciej, president.  The Debtor is represented by Steven B. Nosek,
Esq., at the Law Office of Steven B. Nosek, PA.  The case is
assigned to Judge Katherine A. Constantine.  At the time of the
filing, the Debtor estimated $0 to $50,000 in assets and $1 million
to $10 million in liabilities.


MARBLES HOLDINGS: Spin Master Approved as Stalking Horse Bidder
---------------------------------------------------------------
The stalking horse bid of Spin Master, Ltd., to acquire the
e-commerce and wholesale business assets of Marbles: The Brain
Store(R) was approved by the United States Bankruptcy Court for the
Northern District of Illinois.  The stalking horse offer is
$2,500,000, and is subject to higher and better offers, with a Bid
Deadline set for Thursday, April 20, 2017 at 5:00 PM CT.  Hilco
Streambank is managing the sale process and will be overseeing an
auction to consider additional bids for the Assets in Chicago,
Illinois, on April 24, 2017 at 10:00 a.m. CT.  

Important dates for the sale process are as follows:

   -- Bid Deadline: Thursday, April 20, 2017 at 5:00 PM CT
   -- Auction Date: Monday, April 24, 2017 at 10:00 AM CT
   -- Sale Hearing: Wednesday, April 26, 2017 at 11:00 AM CT

Marbles: The Brain Store(R) is a developer, wholesaler and
specialty retailer of games, toys, puzzles, books, and software
designed to strengthen and stimulate the brain.  Last year, the
Company generated $28 million in revenue through its multi-channel
distribution platform.  Marbles has a portfolio of proprietary game
and toy content available at http://www.marblesthebrainstore.com/

According to Hilco Streambank EVP – David Peress: "Marbles'
unique product offering responds to the demand for games and toys
that stimulate and engage the brain in a variety of ways.  The
brand's wholesale footprint continues to grow."  "Management has
identified several areas of opportunity for future development
including institutional partnerships, licensing, and
subscription-based services," added Mr. Peress.

Parties interested in learning more about the Marbles intellectual
property assets, the sale process and other bidding requirements
should contact Hilco Streambank directly using the contact
information provided below.

                    About Hilco Streambank

Hilco Streambank -- http://www.hilcostreambank.com/-- is a market
leading advisory firm specializing in intellectual property
disposition and valuation.  Hilco Streambank has completed numerous
sell-side transactions including sales in publicly reported Chapter
11 bankruptcy cases, private transactions, and online sales through
HilcoDomains.com and IPv4Auctions.com, Hilco Streambank is part of
Northbrook, Illinois based Hilco Global --
http://www.hilcoglobal.com/-- a worldwide financial services
company and leader in helping companies maximize the value of their
assets.

                     About Marbles Holdings

Marbles LLC is a privately-held company engaged in the development,
curating, wholesaling and retail sale of unique brain-stimulating
games, puzzles, software, and books.  Its principal place of
business and principal office are located at 1918 North Mendell
Street, Chicago, Illinois.

Marbles Holdings, LLC, along with Marbles LLC and Marbles Brain
Workshop, LLC, sought Chapter 11 bankruptcy protection (Bankr. N.D.
Ill. Lead Case No. 17-03309) on Feb. 3, 2017.  

Adelman & Gettleman LTD. serves as bankruptcy counsel, while Garden
City Group LLC acts as noticing, claims and solicitation agent.
The Debtors have also tapped Hilco IP Services LLC dba Hilco
Streambank to help monetize its intellectual property, and Gordon
Brothers Retail Partners, LLC in connection with the store closing
sales at its retail stores.

At the time of the filing, Marbles Holdings and Marbles LLC
estimated assets of $1 million to $10 million and liabilities of
$10 to $50 million.  Marbles Brain Workshop estimated assets of
less than $500,000 and liabilities of less than $50,000.

On February 13, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  Pachulski Stang Ziehl &
Jones LLP and Freeborn & Peters LLP serve as lead counsel and local
counsel to the committee, respectively.  Berkeley Research Group,
LLC is the financial advisor.

No trustee or examiner has been appointed.


MCNEILL PROPERTIES: Plan Outline Okayed, Plan Hearing on May 10
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Pennsylvania
will consider approval of the Chapter 11 plan of reorganization for
McNeill Properties V, LLC at a hearing on May 10.

The hearing will start at 9:30 a.m., and will be held at the U.S.
Bankruptcy Court, Courtroom 3, 900 Market Street, Philadelphia,
Pennsylvania.

The court had earlier approved the company's disclosure statement,
allowing it to start soliciting votes from creditors.  

The order set a May 5 deadline for creditors to file their
objections and cast their votes accepting or rejecting the plan.

                   About McNeill Properties V

McNeill Group, Inc., and McNeill Properties V, LLC, filed Chapter
11 petitions (Bankr. E.D. Pa. Case Nos. 16-14943 and 16-14944) on
July 12, 2016.  The petitions were signed by Edward J. McNeill,
Jr., president.

The Debtors are represented by Albert A. Ciardi, III, Esq., at
Ciardi Ciardi & Astin, P.C.  The cases are assigned to Judge Jean
FitzSimon (16-14943) and Judge Ashely M. Chan (16-14944).

The Debtors each estimated assets and liabilities of $10 million to
$50 million at the time of the filing.


MEDIACOM COMMUNICATIONS: S&P Affirms 'BB' CCR, Outlook Stable
-------------------------------------------------------------
S&P Global Ratings said it affirmed its 'BB' corporate credit
rating, and all other ratings, on Mediacom Park, N.Y.-based
Mediacom Communications Corp.  The outlook remains stable.

"The affirmation reflects performance that is in line with our
expectations, as leverage fell to 4.0x in 2016 from about 4.5x in
2015 from a combination of higher earnings and continued debt
reduction," said S&P Global Ratings credit analyst Chris Mooney.

S&P believes that the company has the ability to de-lever by about
0.5x per year and leverage could approach S&P's upgrade trigger of
3.5x by the end of 2017, though rating upside is currently limited
by uncertainty around financial policy and whether leverage would
stay below 3.5x longer term.  Furthermore, the company will be
investing a significant amount of capital to improve network speeds
and grow commercial revenue over the next few years, which will
limit improvement in free operating cash flow (FOCF) to some
degree.

The stable outlook reflects S&P's expectation that leverage will
continue to decline to about 3.5x by the end of 2017 from 4.0x in
2016, based on debt repayment and moderate earnings growth.
However, S&P is uncertain whether leverage will be sustained at
levels comfortably below 3.5x longer term given the potential for
acquisitions or dividends.  S&P also believes that elevated capital
spending will constrain FOCF to debt to around 9%-10% over the next
one to two years.


MIDWEST FARM: Has Preliminary Authority to Use Cash Collateral
--------------------------------------------------------------
Judge Charles L. Nail, Jr., of the U.S. Bankruptcy Court for the
District of South Dakota has given Midwest Farm, L.L.C.,
preliminary authority to use the cash collateral of Plains Commerce
Bank.

Plains Commerce Bank is granted as adequate protection:

     (1) a replacement lien on property of the estate, excluding
any lien on Debtor's 2017 crops, products and proceeds from
Debtor's 2017 crops, insurance on Debtor's 2017 crop, and
government program proceeds or payments regarding Debtor's 2017
crops. Said replacement lien will be in the same form and priority
as the lien Plains Commerce Bank held prepetition, subject to the
valid existing prior liens of record, and will be subject to any
adequate protection that the Debtor may provide Bill Landsman under
any order authorizing Debtor to obtain secured credit from Bill
Landsman;

     (2) a right to inspect its collateral upon reasonable notice
to Debtor and Debtor's counsel; and

     (3) the Debtor's obligation to keep Plains Commerce Bank's
collateral insured and to maintain Plains Commerce Bank's
collateral in its present condition, ordinary wear and tear
excepted.

A full-text copy of the Order, dated April 4, 2017, is available at

http://tinyurl.com/mehw2tr

                 About Midwest Farm, L.L.C.

Midwest Farm, L.L.C., is engaged in the business of grain farming
and custom farming with facilities located in and around Aurora,
South Dakota, and farms real estate located in Brookings County,
South Dakota; Moody County, South Dakota; and Lincoln County,
Minnesota.  Each of Douglas Stein and Dana Stein owns a 50%
membership interest in the Debtor.

Midwest Farm, L.L.C., filed a Chapter 11 petition (Bankr. D. S.D.
Case No. 17-40091) on March 24, 2017.  At the time of filing, the
Debtor had $9.69 million in total assets and $6.66 million in total
liabilities.

The case is assigned to Judge Charles L. Nail, Jr.

Gerry & Kulm Ask, Prof. LLC, is serving as bankruptcy counsel, with
the engagement led by Laura L. Kulm Ask, Esq.  Kathy Meland is the
Debtor's agricultural financial consultant.

A meeting of creditors pursuant to 341(a) of the Bankruptcy Code
has been set for April 25, 2017, at 2:00 p.m. at Suite 300, 314 S
Main Ave, Sioux Falls.  Proofs of claim are due on June 26, 2017.


NAKED BRAND: Amends LOI to Reflect $34M in Balance Sheet Change
---------------------------------------------------------------
Naked Brand has entered into Amendment No. 3 to the Letter of
Intent, dated Dec. 19, 2016, as amended on Feb. 9, 2017, and
March 9, 2017, entered into by Naked and Bendon Limited in
connection with the previously announced proposed business
combination.  The Amendment includes $34 million in positive
adjustments to the net debt target for the anticipated combined
company's balance sheet at the close of the transaction.  As
contemplated under the Amendment, the combined company would have
total net debt of approximately $13 million upon transaction close,
with approximately $6 million in assets under Naked, and $19
million in net debt under Bendon.  This compares to the previously
contemplated total net debt of approximately $51 million, with $1
million in assets under Naked and $52 million in debt under
Bendon.

Pursuant to the LOI, it is contemplated that Naked will merge into
a subsidiary of a newly formed Australian holding company and the
shareholders of Naked and Bendon, respectively, will be issued
shares of NewCo, which will become the new public company following
consummation of the proposed transactions.  As a result of the
changes in the structure of the Business Combination, the parties
have agreed in Amendment No. 3 to extend the deadline by which they
are required to enter into a definitive agreement until May 26,
2017.  In addition, the parties have agreed to amend the terms of
the transaction to reflect certain corporate developments that have
occurred or are expected to occur with respect to the parties to
the transaction that positively impact the projected balance sheet
of NewCo and impact the target Net Asset Amount and Net Debt Amount
(each as defined in the LOI) and, thereby, the relative number of
shares issuable to shareholders of Naked and the shareholders of
Bendon (each as defined in the LOI).

Carole Hochman, Naked's chief executive officer and chief creative
officer, stated, "We have been working very closely with Bendon to
ensure that the proposed merger is structured in such a way that it
is advantageous to the combined go-forward company as well as our
current shareholders.  To that end, we are very pleased that we
will have a stronger balance sheet, which should provide a solid
platform for both organic growth and future potential acquisitions.
Importantly, we are committed to and diligently working toward
completion of this merger."

Justin Davis-Rice, executive chairman of Bendon, commented, "I am
pleased with the hard work that has been done to recapitalize the
business, re-domicile the company, and ensure that we are optimally
positioned as a go-forward combined company.  We remain committed
to completing the merger with Naked and continue to believe that
this transformative merger will create a global intimate apparel
leader with strong growth prospects."

Completion of the Business Combination remains subject to the
negotiation of a definitive merger agreement, satisfaction of the
conditions negotiated therein and approval of the Business
Combination by Naked's shareholders.  Accordingly, there can be no
assurance that a Merger Agreement will be entered into or that the
proposed Business Combination will be consummated.  Further,
readers are cautioned that those portions of the LOI, as amended,
that describe the proposed Business Combination, including the
consideration to be issued therein, are non-binding.

                      About Naked Brand

Naked Brand Group Inc. designs, manufactures, and sells men's
innerwear and lounge apparel products in the United States and
Canada.  It offers various innerwear products, including trunks,
briefs, boxer briefs, undershirts, T-shirts, and lounge pants under
the Naked brand, as well as under the NKD sub-brand for men. The
company sells its products to consumers and retailers through
wholesale relationships and direct-to-consumer channel, which
consists of an online e-commerce store, thenakedshop.com.  Naked
Brand Group Inc. is based in New York.

Naked Brand reported a net loss of US$19.06 million on US$1.38
million of net sales for the year ended Jan. 31, 2016, compared to
a net loss of US$21.07 million on US$557,000 of net sales for the
year ended Jan. 31, 2015.  As of Oct. 31, 2016, Naked Brand had
US$2.46 million in total assets, US$2.04 million in total
liabilities and US$420,941 in total stockholders' equity.

BDO USA, LLP, in New York, NY, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Jan. 31, 2016, noting that the Company incurred a net loss of
$19,063,399 for the year ended Jan. 31, 2016, and the Company
expects to incur further losses in the development of its business.
This condition raises substantial doubt about the Company's
ability to continue as a going concern, the auditors said.


NAKED BRAND: Gets $5.5-Mil. in Gross Proceeds from Stock Offering
-----------------------------------------------------------------
Naked Brand Group Inc. has raised gross proceeds of $5.5 million
under its previously announced at the market offering program.
Naked sold 2,189,052 shares of common stock at an average price of
$2.51 pursuant to the At The Market Offering Agreement with Maxim
Group, LLC. Naked raised approximately $5.3 million in net proceeds
under the ATM, and currently has no further capacity to sell shares
under its $7.5 million shelf registration statement filed on Oct.
6, 2016.

                     About Naked Brand

Naked Brand Group Inc. designs, manufactures, and sells men's
innerwear and lounge apparel products in the United States and
Canada.  It offers various innerwear products, including trunks,
briefs, boxer briefs, undershirts, T-shirts, and lounge pants under
the Naked brand, as well as under the NKD sub-brand for men. The
company sells its products to consumers and retailers through
wholesale relationships and direct-to-consumer channel, which
consists of an online e-commerce store, thenakedshop.com.  Naked
Brand Group Inc. is based in New York.

Naked Brand reported a net loss of US$19.06 million on US$1.38
million of net sales for the year ended Jan. 31, 2016, compared to
a net loss of US$21.07 million on US$557,000 of net sales for the
year ended Jan. 31, 2015.  As of Oct. 31, 2016, Naked Brand had
US$2.46 million in total assets, US$2.04 million in total
liabilities and US$420,941 in total stockholders' equity.

BDO USA, LLP, in New York, NY, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Jan. 31, 2016, noting that the Company incurred a net loss of
$19,063,399 for the year ended Jan. 31, 2016, and the Company
expects to incur further losses in the development of its business.
This condition raises substantial doubt about the Company's
ability to continue as a going concern, the auditors said.


NEXT GROUP: Will Buy Back 75% of Finance Groups' Outstanding Notes
------------------------------------------------------------------
Next Group Holdings, Inc., signed on April 5, 2017, definitive
agreements with three separate Finance Groups that hold an
aggregated value of $1,106,500 in Convertible Notes.  These
Agreements allow NXGH to buy back up to 75% of the outstanding
notes through June 30, 2017.  These finance groups are locked up
from converting any notes for 90 days from the date of this
agreement.  The conversion price floor will increase from $0.02 per
share to $0.10 per share if NXGH raises between $2,000,000 -
$2,999,999 and will increase to $0.15 per share if NXGH is
successful in raising $3 million or above in the 90 day period.

The renegotiated notes are with the following entities:

   1. LG Capital Funding LLC -- $738,250 (NXGH may redeem up to
      $526,710)

   2. Cerberus Finance Group, Ltd. -- $218,250 (NXGH may redeem up

      to 149,665)

   3. Quarum Holdings, LLC -- $150,000 (NXGH may redeem up to
      $102,743)

                 About Next Group Holdings

Next Group Holdings, Inc., formerly Pleasant Kids, Inc., through
its operating subsidiaries, is engaged in the business of using
its technology and certain licensed technology to provide mobile
banking, mobility and telecommunications solutions to underserved,
unbanked and emerging markets.  Its subsidiaries are Meimoun and
Mammon, LLC (100% owned), Next Cala, Inc (94% owned).  NxtGn, Inc.
(65% owned) and Next Mobile 360, Inc. (100% owned).  Additionally,
Next Cala, Inc. has a 60% interest in NextGlocal, a joint venture
formed in May 2016.

Pleasant Kids reported a net loss of $1.82 million for the year
ended Sept. 30, 2015, following a net loss of $1.72 million for the
year ended Sept. 30, 2014.

As of Sept. 30, 2016, Next Group had $4.79 million in total assets,
$9.04 million in total liabilities, all current, a total
stockholders' deficit of $1.62 million, and $2.62 million in total
non-controlling interest in subsidiaries.

Anton & Chia, LLP, in Newport Beach, California, issued "going
concern" qualification on the consolidated financial statements for
the year Sept. 30, 2015, citing that the Company has a minimum cash
balance available for payment of ongoing operating expenses, has
experienced losses from operations since inception, and it does not
have a source of revenue sufficient to cover its operating costs.
These factors raise substantial doubt about the Company's ability
to continue as a going concern.


NORTH COAST TOOL: Hires Foster Law as Counsel
---------------------------------------------
North Coast Tool, Incorporated, seeks authority from the U.S.
Bankruptcy Court for the Western District of Pennsylvania to employ
the Foster Law Offices, as counsel to the Debtor.

North Coast requires Foster Law to:

   a. prepare the bankruptcy petition and attend at the first
      meeting of creditors;

   b. represent the Debtor in relation to acceptance or rejection
      of executor contracts;

   c. advise the Debtor with regard to its rights and obligations
      during the Chapter 11 case;

   d. advise the Debtor regarding possible preference actions;

   e. represent the Debtor in relation to any motions to convert
      or dismiss the Chapter 11 case;

   f. represent the Debtor in relation to any motions for relief
      from stay filed by creditors;

   g. prepare the Plan of Reorganization and Disclosure
      Statement;

   h. prepare any objection to claims in the Chapter 11; and

   i. represent the Debtor in general in relation to the
      bankruptcy case.

Foster Law will be paid at these hourly rates:

     Attorney             $250
     Paralegal            $75

On April 4, 2017, the Debtor provided Foster Law a retainer in the
amount of $11,800. Prior to the petition date, Foster Law incurred
and billed the Debtor $1,844 in legal fees and $1,717 in filing
fee. The remaining balance of $8,239 being held by Foster Law in
its IOLTA account as a retainer for post-petition fees and
expenses, subject to the filing of a fee application and approval
of the Court.

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

Daniel P. Foster, principal of Foster Law Offices, 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.

Foster Law can be reached at:

     Daniel P. Foster, Esq.
     FOSTER LAW OFFICES
     PO Box 966
     Meadville, PA 16335
     Tel: (814) 724-1165
     Fax: (814) 724-1158

              About North Coast Tool, Incorporated

North Coast Tool, Incorporated, filed a Chapter 11 bankruptcy
petition (Bankr. W.D. Pa. Case No. 17-10342-TPA) on April 5, 2017.
The Debtor hired Foster Law Offices, as counsel.


OLD BOXCAR: Hires Michael O'Connor as Counsel
---------------------------------------------
Old Boxcar Brewing Co., LLC, seeks authority from the U.S.
Bankruptcy Court for the Western District of Texas to employ
Michael O'Connor Attorney, as counsel to the Debtor.

Old Boxcar requires Michael O'Connor to:

   a. prepare necessary applications, notices, motions, answers,
      orders, adversary proceedings and other legal papers;

   b. assist the Debtor in negotiating and formulating a plan of
      reorganization; and

   c. perform the legal services necessary to administer the
      Bankruptcy Case.

Michael O'Connor will be paid at the hourly rate of $300.

Prior to the filing of the petition, the Debtor paid Michael
O'Connor.

Michael O'Connor will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Michael J. O'Connor, member of Michael O'Connor Attorney, 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.

Michael O'Connor can be reached at:

     Michael J. O'Connor, Esq.
     MICHAEL O'CONNOR ATTORNEY
     8118 Datapoint Drive
     San Antonio, TX 78229
     Tel: (210) 614-6400
     Fax: (210) 614-6401

                About Old Boxcar Brewing Co., LLC

Old Boxcar Brewing Co., LLC, filed a Chapter 11 bankruptcy petition
(Bankr. W.D. Tex. Case No. 17-50813) on April 4, 2017. The Debtor
hired Michael O'Connor Attorney, as counsel.


OLD FASHION BUTCHER: Hires Corash & Hollender as Attorneys
----------------------------------------------------------
Old Fashion Butcher Shop Inc., seeks authorization from the U.S.
Bankruptcy Court for the Eastern District of New York to employ
Corash & Hollender, PC as attorneys.

The Debtor requires Corash & Hollender to:

     a. give the Debtor legal advice with respect to its powers and
duties, as Debtor and Debtor-in-Possession, in the continued
operation of its business and management of its property;

     b. take all necessary steps to enjoin and stay creditors who
have already instituted, or who are about to institute suits
against the Debtor;

     c. negotiate with the Debtor's creditors on working out a plan
of reorganization or liquidation and take necessary legal steps to
consummate such plan, including, if need be negotiations to finance
said plan;

     d. prepare, in behalf of the Debtor and as
Debtor-in-Possession, necessary petitions, answers, applications,
orders, reports and other necessary legal papers;

     e. appear before the Bankruptcy Judge,and to protect Debtor's
interest, as Debtor and Debtor-in-Possession before said Judge, and
to represent the Debtor in all matters before said Judge;

     f. assist the Debtor in working out an arrangement with the
Director of Internal Revenue, and other tax agencies which may file
claims in this proceeding;

     g. represent the Debtor before various administrative
agencies, Federal State and City, having jurisdiction over the
Debtor's business activities; and

     h. assist the Debtor-in-Possession in negotiations with
creditors, potential asset purchasers and other interested parties,
and in disposition of any assets, enable the Debtor to successfully
conclude this Chapter 11 case, and perform other legal services for
the Debtor as Debtor-in-Possession, as may be necessary herein.

Corash & Hollender will be paid at these hourly rates:

     Partners                    $450
     Associates/Of Counsel       $425
     Paralegals                  $175

Prior to the original application, Corash & Hollender received a
$10,000 retainer, all of which was applied to pre-petition
services. In addition, Corash & Hollender received $1,717 for the
filing fee.

Paul Hollender, Esq., principal in the law firm of Corash &
Hollender, PC, assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtor and
its estates.

Corash & Hollender may be reached at:

     Paul Hollender, Esq.
     Corash & Hollender, PC
     1200 South Avenue, Suite 120
     Staten Island, NY 10314
     Tel: (718)442-4424
     Fax: (718)273-4847

                 About Old Fashion Butcher Shop Inc.

Old Fashion Butcher Shop Inc. filed a Chapter 11 bankruptcy
petition (Bankr. W.D. Wash. Case No. 17-10943) on March 2, 2017.
Darrel B. Carter, Esq., at Corash & Hollender, PC serves as
bankruptcy counsel.  The Debtor's assets and liabilities are both
below $1 million.


OLIVE BRANCH: To Pay Unsecureds in Full, with 0.91% Interest
------------------------------------------------------------
Unsecured creditors of Olive Branch Real Estate Development LLC
will be paid in full under the company's proposed plan to exit
Chapter 11 protection.

The restructuring plan proposes to pay Class 5 general unsecured
creditors 100% of their claims 30 days after confirmation of the
plan.  These creditors will also receive interest on their claims
pursuant to the Federal Judgment Rate as of March 20, 2017, which
is 0.91%.

Class 5 is not impaired.  Olive Branch anticipates that the
unsecured claims total $10,595.64.

The U.S. Bankruptcy Court for the District of New Hampshire had
earlier approved the sale of the company's real estate located at 6
Gould Terrace in Plymouth, New Hampshire.  This sale generated
funds that will allow payment of unsecured and priority claims in
full, according to the company's disclosure statement filed on
March 30.

The restructuring plan also proposes to pay secured creditors and
the Town of Holderness taxes from the rental income generated from
Olive Branch's development and rental of its property located at
832 Route 3, Holderness, New Hampshire.

The property generates $800 per month in rent, however, it is still
under renovation and the company is still making necessary
improvements to the property to generate additional rental
income to pay secured creditors, according to the disclosure
statement.

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

                https://is.gd/IXktQx

     About Olive Branch Real Estate Development

Olive Branch Real Estate Development, LLC, is a real estate
development company with a principal address of 832 Route 3, Unit
#1, Holderness, New Hampshire.  It is owned and operated by Gerard
M. Healey.  The business has been in operation since 2011.

Olive Branch filed a Chapter 11 petition (Bankr. D.N.H. Case No.
16-11444) on Oct. 13, 2016.  The petition was signed by Gerard M.
Healey, managing member.  The Debtor is represented by S. William
Dahar II, Esq., at Victor W. Dahar, P.A.  At the time of filing,
the Debtor had less than $50,000 in estimated assets and
liabilities at $100,000 to $500,000.


PANDA TEMPLE: S&P Cuts Secured Debt Rating to 'D' on Nonpayment
---------------------------------------------------------------
S&P Global Ratings said it lowered its ratings on Panda Temple
Power LLC's senior secured debt to 'D' from 'CCC+'.  S&P's '3'
recovery rating on the debt is unchanged, indicating its
expectation for meaningful (50%-70%; rounded estimate: 55%)
recovery in the event of default.

"The downgrade reflects the project's failure to make a scheduled
debt service payment on March 31 due to insufficient liquidity and
the expiration of the forbearance agreement, which was given by the
lenders to the project as a result of a financial covenant breach
in the fourth quarter of 2016," said S&P Global Ratings credit
analyst Tony Mok.

According to S&P's criteria, it assigns a rating of 'D' when a
payment is missed on its due date and, if there is no stated grace
period, no payment will be made within five business days of the
payment due date.  It's unclear at this point whether the debt
would be restructured or an asset sale would be initiated because
the discussion among lenders is still ongoing.


PAYLESS SHOESOURCE: Bankruptcy Judge Approves First-Day Motions
---------------------------------------------------------------
Payless ShoeSource, the largest specialty family footwear retailer
in the Western Hemisphere, on April 5, 2017, disclosed that
first-day motions to help facilitate continued operations in the
ordinary course of business while the Company operates under
Chapter 11 protection were approved by Judge Kathy A.
Surratt-States of the U.S. Bankruptcy Court for the Eastern
District of Missouri.

As part of the Court's approval of first day motions, Payless
received authorization on an interim basis from the Court to
provide employee wages, healthcare coverage, and other benefits
without interruption, and pay certain vendors and suppliers for all
authorized goods and services.  All vendors and suppliers will be
paid in the ordinary course for those goods and services provided
on or after the date of the Chapter 11 filing.

The Court's approvals also affirmed on an interim basis access to
$245 million of the $305 million Debtor-in-Possession (DIP)
financing facility provided by a lender group led by Wells Fargo.

As a result of the April 5 hearing, all Payless stores and
Payless.com will be able to continue offering without interruption
the wide range of affordably priced family footwear for which they
are relied on by families across America.

Related to these activities, Payless has retained Kirkland & Ellis
as its legal advisor, Guggenheim Securities as its investment
banker and financial advisor and Alvarez & Marsal as its
restructuring advisor.

                     About Payless Holdings

Payless -- http://www.payless.com/-- was founded in 1956 as an
everyday footwear retailer.  It has more than 4,000 stores in more
than 30 countries, and employs approximately 22,000 people.  It is
headquartered in Topeka, Kansas, but its operations span across
Asia, the Middle East, Latin America, Europe, and the United
States.

Payless first traded publicly in 1962, and was taken private in May
2012.  Payless Holdings, LLC currently owns, directly or
indirectly, each of its 91 subsidiaries.

Payless Holdings LLC (Bankr. E.D. Mo. Case No. 17-42267) and its
subsidiaries sought protection under Chapter 11 of the Bankruptcy
Code on April 4, 2017.  The petitions were signed by Paul J. Jones,
chief executive officer.  

At the time of the filing, the Debtors estimated their assets at
$500 million to $1 billion and liabilities at $1 billion to $10
billion.  

The Debtors have requested for joint administration of their
cases.

The Debtors hired Guggenheim Securities LLC as financial advisor
and investment banker; Alvarez & Marsal North America LLC as
restructuring advisor; Prime Clerk LLC as claims, balloting and
administrative agent; and Osler, Hoskin & Harcourt LLP as CCAA
counsel.



POST EAST: Unsecureds to Get 100% Over 6 Months Under Plan
----------------------------------------------------------
Post East, LLC, filed with the U.S. Bankruptcy Court for the
District of Connecticut a disclosure statement describing its plan
of reorganization, dated March 31, 2017.

The Debtor is a Connecticut limited liability company formed and
owned by Michael Calise. The LLC owns the commercial real estate at
740-748 Post Road East, Westport, Connecticut.

Class 1, Connect REO, LLC, is impaired under the Plan. Class 1 will
be paid the monthly sum of $5,679 of principal and interest until
settled or paid, and will receive cash at the closing of the
Proposed Patriot Refinance equal to the Debtor's Share of Net
Refinance Proceeds in full settlement of the Class 1 claim, or,
should such closing not occur, then cash at closing upon an
Alternative Refinance within one year of the Effective Date, or
should such closing not occur, then cash at closing upon a sale of
the Property in accordance with provisions set forth. From the
Alternative Refinance or sale the holder of the Class 1 claim will
receive full payment of its Class 1 claim, to the extent Allowed,
with any outstanding interest to date of payment at the applicable
rate under the contract without application of the default
provisions. The Class 1 claim will retain its lien upon the assets
of the Debtor until paid.

Class 2, General Unsecured Claims, is impaired under the Plan.
Class 2 will be paid 100% without interest payable in cash in six
monthly payments commencing on the Effective Date and the same date
of the five succeeding calendar months each equal to 1/6 of the
Allowed Claim.

The plan proposes closing within 60 days of the Effective Date a
new loan with Patriot Bank  upon which Calise, Uncas, LLC, Post
East, LLC, and Westport Fish & Poultry Market, LLC shall be
obligors, and which shall be secured by 1st mortgage liens on the
following properties:

   -- 740-748 Post Road East, Westport, owned by Post East, LLC,

   -- 2A Owenoke Park, Westport, owned by Uncas, LLC, which entity
is managed by and is owned 5% by Calise,

   -- 215 Post Road West, Westport, owned by Calise, and

   -- 732 Post Road East, Westport, owned by Westport Fish &
Poultry Market, LLC, which entity is managed by and is owned 50% by
Calise.

The net proceeds of the loan available for disbursement to Connect
REO are the remaining proceeds after paying all loan costs and
adjustments at closing, bank and broker fees and commissions of the
loan, and the payoff balance of the first mortgage held by third
parties (creditors other than Connect REO) on the property owned by
Westport Fish & Poultry Market, LLC.

The Troubled Company Reporter previously reported that under the
plan of Connect REO, a secured creditor of the Debtor, unsecureds
will get its pro rata share of $3,000 to be paid by Connect.       
              

The Disclosure Statement is available at:

        http://bankrupt.com/misc/ctb16-50848-138.pdf

                  About Post East LLC

Post East, LLC, owns real estate at 740-748 Post Road East,
Westport, Connecticut.  The property is a commercial real estate
which presently has seven leased spaces.  The secured creditor is
Connect REO, LLC, which is owed $1,043,000.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. D.
Conn. Case No. 16-50848) on June 27, 2016.  The petition was
signed
by Michael F. Calise, member.  The Debtor estimated assets and
liabilities at $1 million to $10 million at the time of the
filing.


PRATT WELL: Hires Evenson Auctioneers as Auctioneer & Appraiser
---------------------------------------------------------------
Pratt Well Service, Inc., seeks authorization from the U.S.
Bankruptcy Court for the District of Kansas to employ Evenson
Auctioneers, Inc., as auctioneer and appraiser.

The Debtor requires Evenson to sell various oil and gas interests,
which are non-exempt property.

Evenson will receive a 10% commission plus reasonable advertising
and expenses.

The Debtor will pay Evenson a fee of $125 per hour for appraisal
work.

Mark Evenson, owner of Evenson Auctioneers, Inc., assured the Court
that the firm does not represent any interest adverse to the Debtor
and its estates.

Evenson may be reached at:

      Mark Evenson
      Evenson Auctioneers, Inc.
      PO Box 780516
      Wichita, KS 67278-0516
      Tel: (316)683-7733
      E-mail: mark@evensonauctions.com

                About Pratt Well Service, Inc.

Pratt Well Service, Inc., filed a Chapter 11 bankruptcy petition
(Bankr. D. Kan. Case No. 16-11224) on June 30, 2016.  The petition
was signed by Kenneth C. Gates, president. The case is assigned to
Judge Robert E. Nugent. The Debtor is represented by J. Michael
Morris, Esq., at Klenda Austerman LLC. The Debtor disclosed $7.47
million in assets and $4.94 million in liabilities.


RADIO SYSTEMS: S&P Affirms 'B' CCR & Revises Outlook to Stable
--------------------------------------------------------------
S&P Global Ratings affirmed all ratings on Knoxville, Tenn.-based
Radio Systems Corp., including the 'B' corporate credit rating, and
revised the outlook to stable from negative.

S&P also assigned a 'B' issue-level rating on the new term loan B
with a '3' recovery rating, indicating S&P's expectations for
meaningful recovery (50%-70%; rounded estimate: 55%).  The ratings
on the second-lien notes will be withdrawn at the close of the
transaction.

S&P estimates RSC had about $250 million in reported debt as of
Dec. 30, 2016.

"The outlook revision to stable from negative reflects the
company's EBITDA margin improvement, and its reducing leverage to
below 7x from over 8x after it refinanced its preferred equity in
February 2016," said S&P Global Ratings credit analyst Jessica
Paige.  S&P views the preferred equity as a debt obligation that
will require refinancing prior to its seven-year maturity. Leverage
without the preferreds is about 3.8x.

The company's EBITDA margin growth is driven by sustained growth in
categories such as waste management, containment, and pet doors, as
well as from acquisitions.  In addition, S&P expects cash flows to
be prioritized for debt repayment as the new term loan B features a
50% cash flow sweep.  Also, given the incentives to limit future
dividends to the majority founder and owner, and the company's
stated intentions, S&P do not expect dividends to exceed $15
million.  These factors should offset the leverage accretion from
the company's preferred equity.

The outlook revision is also based on S&P's expectation for
stronger debt service ratios (including funds from operations
(FFO), cash interest coverage increasing to closer to 4x over the
next year) on improving EBITDA, and for cash interest to not
materially increase since the majority of the interest on the
preferred securities will be paid in kind (PIK).  Operating
performance and cash flows have improved both organically and
through acquisitions, and S&P expects that to continue, with cash
flows deployed for debt repayment.

The stable outlook reflects deleveraging to below 7.0x from EBITDA
growth due to acquisitions and expansion into new product
categories, the use of cash flows for debt repayment, and dividend
payments capped at $15 million annually.

S&P could lower the rating if leverage returns above 7.5x.  S&P
believes this could occur if the company does not grow EBITDA,
either organically or through acquisitions, or profitability
deteriorates (possibly from supply disruptions), resulting in gross
margins contracting by about 200 basis points.

Although unlikely in the near term, S&P could raise the ratings if
the company delevers to below 5x while maintaining FFO to cash
interest above 3x.  S&P believes this could happen if the company
continues to grow organically and through acquisitions, dividends
remain modest, and cash flow is deployed for debt repayment.


RAIN TREE: Bankr. Administrator Appoints Victor Orija as PCO
------------------------------------------------------------
The Assistant U.S. Bankruptcy Administrator, Robert E. Price, Jr.,
notified the U.S. Bankruptcy Court for the Middle District of North
Carolina that he has appointed Victor Orija of the State Long Term
Care Ombudsman for the State of North Carolina, as Patient Care
Ombudsman for Rain Tree Healthcare of Winston Salem, LLC.

The appointment was made pursuant to the Court's Order dated April
3, 2017 directing the appointment of a patient care ombudsman for
the Debtor.

Rain Tree Healthcare of Winston Salem, LLC, filed the Chapter 11
petition (Bankr. M.D.N.C. Case No. 17-50375) on April 1, 2017, and
is represented by Robert Lewis, Jr., Esq., at Gordon & Melun, PLLC.


RAIN TREE: Bankr. Administrator Seeks Trustee, Examiner Appointment
-------------------------------------------------------------------
William P. Miller, Esq., the U.S. Bankruptcy Administrator, asks
the U.S. Bankruptcy Court for the Middle District of North Carolina
to enter an order directing the appointment of a Chapter 11 Trustee
or Examiner.

The Bankruptcy Administrator asserts that the appointment of a
Trustee is necessary to manage the Debtor, while the Examiner is
necessary to make an investigation of the financial circumstances
of the Debtor would be in the best interests of creditors and the
estate.

Rain Tree Healthcare of Winston Salem, LLC, filed the Chapter 11
petition (Bankr. M.D.N.C. Case No. 17-50375) on April 1, 2017, and
is represented by Robert Lewis, Jr., Esq., at Gordon & Melun, PLLC.


RATAMESS CHIROPRACTIC: To Pay Unsecureds in Full Over 60 Months
---------------------------------------------------------------
Unsecured creditors of Ratamess Chiropractic Clinic, P.C., will
receive full payment of their claims, according to the company's
proposed plan to exit Chapter 11 protection.

Under the restructuring plan, Class 6 general unsecured creditors
will be paid 100% of their claims on a pro rata basis, without
interest, over a period not to exceed 60 months.  These creditors
will receive $1,236.23 per month.  Class 6 is impaired under the
plan.

All payments under the plan will start on the "effective date"
which is the 15th day after its confirmation.

Ratamess' profit/loss statements do not show the ability of the
company to make monthly payments under the plan, thus, the company
is prepared to enter into a line of credit and borrow funds using
the equity in its commercial building, according to its disclosure
statement filed on March 30 with the U.S. Bankruptcy Court for the
District of South Carolina.

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

                 https://is.gd/72i1bP

         About Ratamess Chiropractic Clinic

Ratamess Chiropractic Clinic, P.C. sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D.S.C. Case No. 16-04993) on
September 30, 2016.  The petition was signed by Dr. Scott Ratamess,
owner.  

Robert H. Cooper, Esq., at The Cooper Law Firm represents the
Debtor as bankruptcy counsel.

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


RELATIVITY FASHION: Wants 2nd Circuit to Affirm Win Against Netflix
-------------------------------------------------------------------
Cara Salvatore, writing for Bankruptcy Law360, reports that
Relativity Media urged the Second Circuit to affirm rulings that
prevented Netflix from releasing two movies online in 2016 before
they hit theaters.

Law360 recalls that the Hon. Michael Wiles of the U.S. Bankruptcy
Court for the Southern District of New York granted in May 2016 an
injunction preventing Netflix from leapfrogging theatrical release
dates for these movies: "Masterminds," and "The Disappointments
Room," which resulted in a district court appeal, which Netflix
lost.  The report says that Netflix again filed an appeal to the
Second Circuit.

Netflix's agenda would have dismantled the Debtor's court-approved
bankruptcy plan, Law360 states, citing the Debtor.

Law360 quoted the Debtor as saying, "Unrebutted testimony at trial
showed that such a move by Netflix . . . would decimate the value
of these films to Relativity and its creditors, and thus 'collapse'
the plan.  The plan, and repayment of Relativity's creditors, was
predicated on the revenues to be realized from the first-run,
theatrical releases of 'Masterminds,' 'The Disappointments Room'
and other films on Relativity's postbankruptcy slate."

                    About Relativity Fashion

Relativity -- http://relativitymedia.com/-- is a next-generation  

global media company engaged in multiple aspects of content
production and distribution, including movies, television, sports,
digital and music.  More than just a collection of
entertainment-related businesses, Relativity is a content engine
with the ability to leverage each of these business units,
independently and together, to create content across all mediums,
giving consumers what they want, when they want it.

Relativity Studios, the Company's largest division, has produced,
distributed or structured financing for more than 200 motion
pictures, generating more than $17 billion in worldwide box-office
revenue and earning 60 Oscar nominations.  Relativity's films
include Oculus, Safe Haven, Act of Valor, Immortals, Limitless,
and The Fighter.

Relativity Media LLC and its affiliates, including Relativity
Fashion, LLC, sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D.N.Y. Case No. 15-11989) on July 30, 2015.  The
case is assigned to Judge Michael E. Wiles.

The Debtors are represented by Craig A. Wolfe, Esq., Malani J.
Cademartori, Esq., and Blanka K. Wolfe, Esq., at Sheppard Mullin
Richter & Hampton LLP, in New York; and Richard L. Wynne, Esq.,
Bennett L. Spiegel, Esq., and Lori Sinanyan, Esq., at Jones Day,
in New York.

Brian Kushner of FTI Consulting, Inc., serves as chief
restructuring officer and crisis and turnaround manager.  Luke
Schaeffer of FTI Consulting, Inc., serves as deputy CRO.

Blackstone Advisory Partners L.P. serves as the Debtors'
investment banker.  The team is led by Timothy Coleman, Senior
Managing Director, CJ Brown, Senior Managing Director, Paul
Sheaffer, Vice President, and Joseph Goldschmid, Associate.

The Debtors' noticing and claims agent is Donlin, Recano &
Company, Inc.

                          *     *     *

An investor group composed of Anchorage Capital Group, L.L.C.,
Falcon Investment Advisors, LLC and Luxor Capital Group, LP on
Oct. 21, 2015, completed its purchase of the assets of Relativity
Television.

After selling their TV business, the Debtors and CEO Ryan C.
Kavanaughfiled a proposed plan of reorganization that will allow
the Debtors to reorganize their non-TV business units with a
substantially de-levered balance sheet utilizing new equity
investments and new financing.  

Jim Cantelupe, of Summit Trail Advisors, LLC, assisted the Debtors
in raising up to $100 million of new equity to fund the Plan.

The Bankruptcy Court on Feb. 8, 2016 confirmed the Debtors' Fourth
Amended Plan.  A copy of the Fourth Amended Plan is available at
http://is.gd/wZI1gd


RELIABLE HUMAN: Unsecured Creditors to be Paid 5% Over 180 Days
---------------------------------------------------------------
Unsecured creditors of Reliable Human Services, Inc., will be paid
5% of their claims under the company's proposed plan to exit
Chapter 11 protection.

Under the restructuring plan, creditors holding Class 3 claims,
which consist of unsecured non-priority claims, will receive
payments 180 days from the effective date of the plan.

The company calculates unsecured non-priority claims in Class 3 to
total approximately $419,948, including the Internal Revenue
Service's claim in the amount of $137,196.34, and the Minnesota
Department of Revenue's claim in the amount of $38,380.66.

Reliable Human Services will not sell any of its assets or enter
into any bank financing.  The company intends to make payments to
creditors from cash flow derived from future operations, according
to its disclosure statement filed on March 30 with the U.S.
Bankruptcy Court for the District of Minnesota.

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

                  https://is.gd/RDcu1F

In a separate filing, the company asked the bankruptcy court to
approve the disclosure statement, set a timetable for the filing of
objections and votes by creditors, and schedule a hearing on
confirmation of the plan.

                 About Reliable Human Services

Reliable Human Services, Inc. was incorporated on October 24, 2006
in Minnesota.  The Debtor provides home health care services for
clients who require assistance on a daily basis while living in
their home or with a family member.  It provides care for clients
on Medical Assistance, UCare, Medica and BlueCross.

The Debtor, which is owned by its executive director Christian K.
Kolleh, employs 20 nurses and 90 personal care attendants.  The
company's office is located at 5701 Shingle Creek Parkway, Suite
470, Brooklyn Center, Minnesota.

The Debtor filed a Chapter 11 petition (Bankr. D. Minn. Case No.
16-43368) on November 15, 2016.  The petition was signed by
Christian K. Kolleh, president.  The Debtor is represented by
Steven B. Nosek, Esq., Steven B. Nosek, P.A.  At the time of
filing, the Debtor estimated assets at $0 to $50,000 and
liabilities at $500,000 to $1 million.


RENNOVA HEALTH: Will be Required to Raise Capital to Fund Operation
-------------------------------------------------------------------
Rennova Health, Inc., filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss of
$32.61 million on $5.24 million of net revenues for the year ended
Dec. 31, 2016, compared to a net loss of $35.96 million on $18.39
million of net revenues for the year ended Dec. 31, 2015.

As of Dec. 31, 2016, Rennova had $6.48 million in total assets,
$21.36 million in total liabilities and a total stockholders'
deficit of $14.88 million.

The Company had historically utilized cash generated from
operations and various credit facilities to fund working capital
needs, acquisitions and capital expenditures.  Since the
consummation of the Merger on Nov. 2, 2015, the Company has
financed its operations primarily from the sale of its equity
securities, short-term advances from related parties and the
proceeds it received from pledging certain of our accounts
receivable as discussed below.  Future cash needs for working
capital, capital expenditures and potential acquisitions will
require management to seek additional equity or obtain additional
credit facilities.  The sale of additional equity will result in
additional dilution to the Company's stockholders.  A portion of
the Company's cash may be used to acquire or invest in
complementary businesses or products or to obtain the right to use
complementary technologies.  From time to time, in the ordinary
course of business, the Company evaluates potential acquisitions of
such businesses, products or technologies.

At Dec. 31, 2016, the Company had cash on hand of approximately
$78,000 and a working capital deficit of $16.3 million.  

"As of the date of this report, our cash position is critically
deficient and payments critical to our ability to operate are not
being made in the ordinary course.  Our fixed operating expenses,
including payroll, rent, capital lease payments and other fixed
expenses, including the costs required to reopen Big South Fork
Medical Center, are approximately $2.1 million per month.  Our
failure to raise additional capital in the coming weeks will have a
material adverse effect on our ability to operate our business. In
addition, we will be required to raise additional capital in order
to fund our operations for the next twelve months.  There can be no
assurances that we will be able to raise the necessary capital on
terms that are acceptable to us, or at all.  If we are unable to
secure the necessary funding as and when required, it will have a
material adverse effect on our business and we may be required to
downsize, further reduce our workforce, sell some of our assets or
possibly curtail or even cease operations, raising substantial
doubt about our ability to continue as a going concern," the
Company stated in the report.

Green & Company, CPAs, in Temple Terrace, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2016, citing that the Company has
significant net losses and cash flow deficiencies.  Those
conditions raise substantial doubt about the Company's ability to
continue as a going concern.

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

                      https://is.gd/ILVLk8

                      About Rennova Health

Rennova Health, Inc. -- http://www.rennovahealth.com/-- provides
industry-leading diagnostics and supportive software solutions to
healthcare providers, delivering an efficient, effective patient
experience and superior clinical outcomes.  Through an
ever-expanding group of strategic brands that work in unison to
empower customers, it is creating the next generation of
healthcare.


RFI MANAGEMENT: Hires Padgett as Accountant
-------------------------------------------
RFI Management, Inc., seeks authorization from the U.S. Bankruptcy
Court for the Middle District of North Carolina to employ Padgett
Business Services of NC as accountant.

The Debtor requires Padgett to:

      a. prepare 2106 income tax returns;

      b. prepare profit and loss statements, Balance Sheets and
Projections of cash flows;

      c. prepare and review of financial information included in
Debtor's Plan; and

      d. prepare general accounting needs of Debtor as they arise.

The Debtor will pay Padgett at an hourly rate of $175.

Scott J. Scarano, president of Padgett Business Services of NC,
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.

Padgett may be reached at:

      Scott J. Scarano
      Padgett Business Services of NC
      5920 S Miami Blvd, Suite 202
      Morrisville, NC 27560
      Phone: 919-544-9060
      Fax: 919-544-9063

                    About RFI Management

RFI Management, Inc., works as a subcontractor installing a full
range of flooring products and wall materials, principally in Hotel
Properties across the United States and in Puerto Rico.

RFI Management filed a Chapter 11 bankruptcy petition (Bankr.
M.D.N.C. Case No. 17-80247) on March 29, 2017.  

James C. White, Esq. and Michelle M. Walker, Esq. at Parry Tyndall
White, are serving as counsel to the Debtor.



RHP HOTEL: S&P Assigns 'BB' Rating on Proposed $200MM Term Loan A
-----------------------------------------------------------------
S&P Global Ratings assigned its 'BB' issue-level and '1' recovery
ratings to Nashville, Tenn.-based hotel owner Ryman Hospitality
Properties Inc.'s proposed $200 million term loan A due in 2022 and
proposed $400 million term loan B due in 2024 (both issued by
subsidiary RHP Hotel Properties LP).  The '1' recovery rating
reflects S&P's expectation for very high (90%-100%; rounded
estimate: 95%) recovery for lenders in the event of a payment
default.

The company also plans to extend the maturity of its existing $700
million revolving credit facility to 2021 from 2019.  The 'BB'
issue-level and '1' recovery ratings on the revolver are unchanged.
The 'BB' issue-level and '1' recovery ratings on the company's
$350 million of senior unsecured notes due in 2021 and its $400
million of senior unsecured notes due in 2023 are also unchanged.

Ryman intends to use the proceeds from the proposed term loan A and
term loan B to pay down a portion of the borrowings under its
revolving credit facility, to refinance its existing term loan B,
and to pay fees and expenses.

S&P's 'B+' corporate credit rating and stable rating outlook on
Ryman are unchanged.

                        RECOVERY ANALYSIS

Key analytical factors:

   -- S&P's '1' recovery ratings on Ryman's senior secured
      revolving credit facility, proposed senior secured term loan

      A, proposed senior secured term loan B, and 5% senior notes
      indicate S&P's expectation for very high (90%-100%) recovery

      for investors in the event of a default.  Issue-level
      ratings on these debt issuances are 'BB'.  S&P's simulated
      default scenario contemplates a default in 2021,
      incorporating a significant reduction in the company's
      property values as a result of prolonged economic weakness
      and deteriorating cash flows in the company's hotel
      business.

   -- S&P assumes Ryman's assets would be sold to other hotel
      investors.  As a result, S&P used a discrete asset approach
      to value the company on a property-by-property basis.

   -- S&P applies a 30% stress to net operating income (NOI) and
      it uses a 9.9% capitalization rate to arrive at the gross
      discrete asset value.

Simplified waterfall:

   -- Net discrete asset value (after 5% property-level sales and
      marketing expenses and 5% bankruptcy administrative
      expenses): $1.9 billion
   -- Estimated secured first-lien debt: $1.2 billion
   -- Value available for first-lien claims: $1.9 billion
      -- Recovery expectations: 90%-100%; rounded estimate: 95%
   -- Estimated senior unsecured debt: $769 million
   -- Value available for unsecured claims: $698 million
      -- Recovery expectations: 90%-100%; rounded estimate: 90%

Note: All debt amounts include six months of prepetition interest.

RATINGS LIST

Ryman Hospitality Properties Inc.
Corporate Credit Rating              B+/Stable/--

New Rating

RHP Hotel Properties LP
$200 mil. term loan A due 2022
Senior Secured                      BB
  Recovery Rating                    1 (95%)
$400 mil. term loan B due 2024
Senior Secured                      BB
  Recovery Rating                    1 (95%)


ROBSTOWN, MI: Fitch Withdraws BB+ Issuer Default Ratings
--------------------------------------------------------
Fitch Ratings has withdrawn the following Issuer Default Ratings as
they are no longer considered by Fitch to be relevant to the
agency's coverage.

-- Adams County School District No. 50 (CO)
    Previous Rating: 'AA'/Outlook Stable;

-- Alachua County (FL)
    Previous Rating: 'AA'/Outlook Stable;

-- Avondale (AZ)
    Previous Rating: 'AA-'/Outlook Stable;

-- Cave Creek Unified School District No. 93 (AZ)
    Previous Rating: 'AA'/Outlook Stable.

-- Cherokee Nation (OK)
    Previous Rating: 'BBB'/Outlook Stable;

-- Cherry Creek North Business Improvement District No. 1 (CO)
    Previous Rating: 'A+'/Outlook Stable;

-- Corte Madera (CA)
    Previous Rating: 'A-'/Outlook Stable;

-- Douglas (AZ)
    Previous Rating: 'A'/Outlook Stable;

-- East Grand Rapids (MI)
    Previous Rating: 'AAA'/Outlook Stable;

-- Eastside Union School District (CA)
    Previous Rating: 'A-'/Outlook Stable;


-- Edcouch-Elsa Independent School District (TX)
    Previous Rating: 'A-'/Outlook Stable;

-- Fairfax (CA)
    Previous Rating: 'AA'/Outlook Stable;

-- Gloucester County (VA)
    Previous Rating: 'AA'/Outlook Stable;

-- Grand Blanc Township (MI)
    Previous Rating: 'AA'/Outlook Stable;

-- Griswold (CT)
    Previous Rating: 'AA-'/Outlook Stable;

-- Heath (TX)
    Previous Rating: 'AA'/Outlook Stable;

-- Henderson County (NC)
    Previous Rating: 'AA'/Outlook Stable;

-- Hillsborough City School District (CA)
    Previous Rating: 'AAA'/Outlook Stable;

-- Hollywood (FL)
    Previous Rating: 'A'/Outlook Positive;

-- Hudson County (NJ)
    Previous Rating: 'AA-'/Outlook Stable;

-- Jefferson Parish (LA)
    Previous Rating: 'AA'/Outlook Negative;

-- Kentwood (MI)
    Previous Rating: 'AA+'/Outlook Stable;

-- Little Salt Intercounty Drainage District (MI)
    Previous Rating: 'AA-'/Outlook Stable;

-- Los Angeles County Flood Control District (CA)
    Previous Rating: 'AAA'/Outlook Stable;

-- Manistee County (MI)
    Previous Rating: 'AA-'/Outlook Stable;

-- Martin County (FL)
    Previous Rating: 'AA'/Outlook Stable;

-- Marysville (MI)
    Previous Rating: 'AA-'/Outlook Stable;

-- Mountain Village (CO)
    Previous Rating: 'A+'/Outlook Stable;

-- North Olmsted (OH)
    Previous Rating: 'AA-'/Outlook Stable;

-- Novato Unified School District (CA)
    Previous Rating: 'AA+'/Outlook Stable;

-- Oakley (CA)
    Previous Rating: 'AA-'/Outlook Stable;

-- Parker (CO)
    Previous Rating: 'AA'/Outlook Stable;

-- Perrysburg Exempted Village School District (OH)
    Previous Rating: 'A+'/Outlook Positive;

-- Pico Rivera Public Financing Authority (CA)
    Previous Rating: 'A+'/Outlook Stable;

-- Port Orange (FL)
    Previous Rating: 'AA-'/Outlook Stable;

-- Port St. Lucie (FL)
    Previous Rating: 'AA-'/Outlook Negative;

-- Reef-Sunset Unified School District (CA)
    Previous Rating: 'A'/Outlook Stable;

-- Regional School District No. 12 (CT)
    Previous Rating: 'AA+'/Outlook Stable;

-- Renton (WA)
    Previous Rating: 'AA+'/Outlook Stable;

-- Robstown (TX)
    Previous Rating: 'BB+'/Outlook Stable;

-- Romulus (MI)
    Previous Rating: 'A-'/Outlook Stable;

-- San Benito Consolidated Independent School District (TX)    
    Previous Rating: 'BBB+'/Outlook Negative;

-- St. Joseph County (IN)
    Previous Rating: 'AA-'/Outlook Stable;

-- Taylorsville (UT)
    Previous Rating: 'AA'/Outlook Stable;

-- Tulare County (CA)
    Previous Rating: 'AA-'/Outlook Stable;

-- Unified Government of Wyandotte County/Kansas City (KS)    
    Previous Rating: 'AA-'/Outlook Stable;

-- Warren County R-III School District (MO)
    Previous Rating: 'AA'/Outlook Stable;

-- Wilson County (NC)
    Previous Rating: 'AA'/Outlook Stable;

-- Yuma Union High School District No. 70 (AZ)
    Previous Rating: 'A+'/Outlook Negative;

-- Zapata County (TX)
    Previous Rating: 'A-'/Outlook Stable.


ROCKY MOUNTAIN: Lily Li Acquires Majority Stake
-----------------------------------------------
In a Schedule 13D filed with the Securities and Exchange
Commission, Lily Li disclosed that as of Feb. 28, 2017, she
beneficially owns 1,216,000,000 shares of common stock of
Rocky Mountain High Brands, Inc. representing 61.66% based on
772,235,383 shares of common stock issued and outstanding as of
March 14, 2017, together with 1,000,000 shares of Series A
Preferred Stock convertible to 1,200,000,000 shares of common
stock.

The amount consists of: (i) 1,000,000 shares of Series A Preferred
Stock beneficially owned through LSW Holdings, LLC, which are
convertible to common stock of the Company at a ratio of 1,200 for
1 and which vote together with the common stock on an
as-if-converted basis; and (ii) 16,000,000 shares of common stock.

Ms. Li acquired 1,000,000 shares of Series A Preferred Stock for a
total purchase price of $3,500,000.  As recently amended, these
shares represent the equivalent of 1,200,000,000 shares of common
stock, or approximately 60.84% of the Company's voting equity
securities.  The reporting person has not effected any other
transactions in the Company's common stock during the past sixty
days.

The source of funds was the working capital of LSW Holdings, LLC,
through which Ms. Li holds her beneficial ownership.

The purpose of Ms. Li's acquisition of controlling interest was to
assist the Company with the growth and development of its business.
Her plans in this regard include, but are not necessarily limited
to: (i) expansion of the Company's brand world-wide; (ii) the
merger of Rocky Mountain High China, the exclusive distributor for
Rocky Mountain High Brands in China, into the Company as a
wholly-owned subsidiary; and (iii) the introduction of a new
hemp-infused ginseng plum drink into the Asian market.

Following the acquisition of control by Ms. Li, the Company's board
of directors approved an amendment to the terms of its Series A
Preferred Stock to increase the voting and rights and conversion
rate of Series A Preferred Stock to 1,200 for 1.  As a result of
this amendment, the 1,000,000 shares of Series A Preferred Stock
acquired by Ms. Li represent the equivalent of 1,200,000,000 shares
of common stock, or approximately 60.84% of the Company's voting
equity securities.

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

                     https://is.gd/odK4Rp

                    About Rocky Mountain

Rocky Mountain High Brands, Inc., (RMHB) is a consumer goods brand
development company specializing in developing, manufacturing,
marketing, and distributing high quality, health conscious,
hemp-infused food and beverage products and spring water.  The
Company currently markets a lineup of five hemp-infused beverages.
RMHB is also researching the development of a lineup of products
containing Cannabidiol (CBD).  The Company's intention is to be on
the cutting edge of the use of CBD in consumer products while
complying with all state and federal laws and regulations.

Rocky Mountain reported net income of $2.32 million on $1.07
million of sales for the fiscal year ended June 30, 2016, compared
with a net loss of $16.62 million on $489,849 of sales for the
fiscal year ended June 30, 2015.

Paritz & Company, P.A., in Hackensack, New Jersey, issued a "going
concern" qualification on the consolidated financial statements for
the year ended June 30, 2016, citing that the Company has a
shareholders' deficit of $1,477,250, an accumulated deficit of
$16,878,382 at June 30, 2016, and has generated operating losses
since inception.  These factors, among others, raise substantial
doubt about the ability of the Company to continue as a going
concern.


ROGERS & SON: Hires Wolgamuth as Accountant
-------------------------------------------
Rogers & Son Lawn Care & Landscaping, LLC d/b/a Affordable Tree
Services seeks authorization from the U.S. Bankruptcy Court for the
Middle District of Pennsylvania to employ Jan P. Wolgamuth, CPA as
accountant for the Debtor in Possession.

The Debtor requires Wolgamuth to provide general bookkeeping
accounting services and preparing Debtor's tax returns.

The Debtor will compensate Wolgamuth at $150 per hour.

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

Wolgamuth may be reached at:

      Jan P. Wolgamuth, CPA
      1291 Greenbriar Road
      York, PA 17401
      Phone: (717)764-6800

        About Rogers & Son Lawn Care & Landscaping, LLC

Rogers & Son Lawn Care & Landscaping, LLC filed a Chapter 11
bankruptcy petition (Bankr. M.D.Pa. Case No. 17-00367) on February
1, 2017. Lawrence V. Young, Esq., at CGA Law Firm serves as
bankruptcy counsel.

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


RP BROADCASTING: Ch.11 Trustee Hires Piercy Bowler as Accountants
-----------------------------------------------------------------
Mark Hashimoto, the Chapter 11 Trustee of RP Broadcasting Idaho,
LLC, seeks authorization from the U.S. Bankruptcy Court for the
District of Utah to employ Piercy Bowler Taylor & Kern as
accountants for the Trustee, effective March 29, 2017.

The Trustee requires Piercy Bowler to:

   (a) provide forensic accounting analysis of the transactions of

       the Debtor and investigating various financial and
       accounting transactions and required by the Trustee;

   (b) compile any outstanding and future tax returns for the
       Debtor; and

   (c) assist the Trustee in providing additional accounting and
       valuation services that may be needed in connection with
       the liquidation of the Debtor's assets or the
       administration of the Debtor's case.

The current hourly rates for Piercy Bowler's professionals range
from $70 to $325.

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

Mark Hashimoto, principal of Piercy Bowler, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estate.

Piercy Bowler can be reached at:

       Mark Hashimoto
       PIERCY BOWLER TAYLOR & KERN
       7050 Union Park Ave. Suite 140
       Salt Lake City, UT 84047
       Tel: (801) 990-1120
       Fax: (801) 665-1400

                   About RP Broadcasting Idaho

RP Broadcasting Idaho, LLC, filed a Chapter 11 petition (Bankr. D.
Utah Case No. 16-28578) on Sept. 28, 2016. The petition was signed
by Richard O. Mecham, president and CEO. The Debtor is represented
by Penrod W. Keith, Esq., at Durham Jones & Pinegar, P.C. The
Debtor estimated assets and liabilities at $1 million to $10
million at the time of the filing.

Mark Hashimoto has been appointed as the Chapter 11 Trustee for the
Debtor's estate.


RPM HARBOR: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: RPM Harbor Services, Inc.
        2338 West Gaylord St
        Long Beach, CA 90813

Case No.: 17-14484

Business Description: The Company provides container delivery to
                      import and export customers in California.
                      Its primary assets are located at 2338 West
                      Gaylord St Long Beach, CA 90813.

Chapter 11 Petition Date: April 12, 2017

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

Judge: Hon. Julia W. Brand

Debtor's Counsel: Vanessa M Haberbush, Esq.
                  HABERBUSH & ASSOCIATES LLP
                  444 W Ocean Blvd Ste 1400
                  Long Beach, CA 90802
                  Tel: 562-435-3456
                  Fax: 562-435-6335
                  E-mail: vhaberbush@lbinsolvency.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Shawn Duke, president.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/cacb17-14484.pdf


RUBLE HOLDINGS: Hires R. Ben Young as Accountant
------------------------------------------------
Ruble Holdings, LLC seeks authorization from the U.S. Bankruptcy
Court for the Southern District of Mississippi to employ R. Ben
Young, CPA as accountant.

The Debtor requires Ben Young to:

     a. close out the Debtor's books as of the filing date of the
petition and maintain new books and records consistent with the
dictates of the Bankruptcy Code;

     b. assist in preparing the filing of all required state and
federal payroll tax;

     c. assist in preparing the filing of all required financial
reports and operating reports; and

     d. assist in preparing the filing of the Plan of
Reorganization and Disclosure Statement.

The Debtor will compensate R. Ben Young, CPA at $180 per hour.

R. Ben Young, CPA, assured the Court that he 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.

R. Ben Young may be reached at:

      R. Ben Young, CPA
      400 Security Square
      Gulfport, MS 39507

                     About Ruble Holdings

Ruble Holdings, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Miss. Case No. 14-51336) on Aug. 26,
2014.  The petition was signed by John H. Ruble, managing member.

At the time of the filing, the Debtor estimated its assets at $1
million to $10 million and debt at $500,000 to $1 million.

The Debtor is represented by Patrick A. Sheehan, Esq., at Sheehan &
Johnson, PLLC as Chapter 11 counsel.


SCS HOLDINGS I: S&P Affirms 'B+' CCR & Revises Outlook to Stable
----------------------------------------------------------------
S&P Global Ratings affirmed its 'B+' corporate credit rating on San
Antonio, Texas-based SCS Holdings I Inc. and revised the outlook to
stable from negative.

At the same time, S&P affirmed its 'B+' issue-level rating on the
company's $575 million first-lien credit facility, comprising a $60
million revolving credit facility due 2020 and a $515 million
first-lien term loan due 2022.  The recovery rating remains '3',
indicating S&P's expectation of meaningful (50% to 70%; rounded
estimate: 60%) recovery for first-lien debtholders in the event of
default.  S&P also affirmed its 'B-' issue-level rating on
company's $150 million second-lien term loan due 2023.  The
recovery rating remains '6', indicating S&P's expectation of
negligible (0% to 10%; rounded estimate: 0%) recovery for
second-lien debtholders.

The outlook revision reflects S&P's expectation that leverage will
fall below 5x following the expected $50 million of debt repayment
in fiscal 2017, including $15 million at the end of April 2017,
coupled with organic and inorganic EBITDA expansion.  After the $15
million debt repayment in April, S&P expects trailing-12-month
adjusted debt to EBITDA to be below 5x at June 30, 2017.

S&P could lower the rating if U.S. corporate IT spending declines,
leading to increased competition and diminished operating earnings,
such that leverage stays above 5x without prospects for
improvement, or the company does not commit to planned debt
repayments.

Although unlikely, S&P could raise the rating in the next 12 months
if EBITDA growth or debt repayment results in sustained leverage
below 4x, with prospects for further leverage reduction, as well as
financial sponsor control dropping below 40% and the relinquishment
of board control.


SHIFFER INC: Hires Cunningham Chernicoff as Counsel
---------------------------------------------------
Shiffer, Inc., seeks authority from the U.S. Bankruptcy Court for
the Middle District of Pennsylvania to employ Cunningham Chernicoff
& Warshawsky, P.C., as counsel to the Debtor.

Shiffer, Inc. requires Cunningham Chernicoff to:

   a. give the Debtor legal advice regarding its powers and
      duties as Debtor-in-Possession in the continued operation
      of its business and management of its property;

   b. prepare and file on behalf of the Debtor, as Debtor-in-
      Possession, all necessary applications, complaints,
      answers, orders, reports and other legal papers; and

   c. perform all other legal services for the Debtor, as Debtor-
      in-Possession, which may be necessary.

Cunningham Chernicoff will be paid at these hourly rates:

     Robert E. Chernicoff              $350
     Partners                          $200-$300
     Associate Attorneys               $150-$200
     Paralegals                        $100

Prior to the filing of the Petition, the Debtor paid a total of
$3,385.

Cunningham Chernicoff will be paid a retainer in the amount of
$10,000, of which $898 has already been paid by the Debtor.

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

Robert E. Chernicoff, partner of Cunningham Chernicoff &
Warshawsky, P.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.

Mette Evans can be reached at:

     Robert E. Chernicoff, Esq.
     CUNNINGHAM CHERNICOFF & WARSHAWSKY, P.C.
     2320 North Second Street
     Harrisburg, PA 17106-0457
     Tel: (717) 238-6570

                   About Shiffer, Inc.

Shiffer, Inc., filed a Chapter 11 petition (Bankr. M.D. Pa. Case
No. 17-01234) on March 29, 2017, listing between $100,000 to
$500,000 in both assets and liabilities.


STANDARDAERO AVIATION: S&P Affirms 'B-' Corp. Credit Rating
-----------------------------------------------------------
S&P Global Ratings said that it has affirmed its 'B-' corporate
credit rating on StandardAero Aviation Holdings Inc.  The outlook
is stable.  StandardAero Aviation Holdings Inc. is issuing a
$240 million add-on to its existing first-lien term loan to fund an
acquisition and repay its outstanding revolver borrowings, which
will cause its leverage to modestly increase compared with S&P's
previous expectations.

At the same time, S&P affirmed its 'B-' issue-level rating on the
company's upsized first-lien credit facility.  The '3' recovery
rating remains unchanged, indicating S&P's expectation for
meaningful recovery (50%-70%; rounded estimate: 55%) in a default
scenario.

Additionally, S&P affirmed its 'CCC' issue-level rating on
StandardAero's unsecured notes.  The '6' recovery rating remains
unchanged, indicating S&P's expectation for minimal recovery
(0%-10%; rounded estimate: 5%) in a default scenario.

"The affirmation reflects our expectation that, although
StandardAero's leverage will be modestly higher than we had
previously expected, the combination of organic growth and earnings
contributions from the company's acquisitions should cause its
credit metrics to improve over the next 12 months," said S&P Global
credit analyst Tennille Lopez.  S&P expects the company's pro forma
debt-to-EBITDA to be around 7.0x in 2017 (which compares with S&P's
previous expectation of 6.5x) before improving to 6.3x-6.7x in
2018.

The stable outlook on StandardAero Aviation Holdings Inc. reflects
S&P's expectation that the company's credit ratios will improve
over the next 12-24 months as its revenue and earnings increase on
contributions from its recent acquisitions, new and extended
contracts, increased participation in the military aircraft MRO
market, and management's cost-savings initiatives.  Pro forma for
the proposed acquisition, S&P expects the company to maintain
debt-to-EBITDA of around 7.0x in 2017 before decreasing its
leverage metric to the 6.3x-6.7x area in 2018.

S&P could raise its ratings on StandardAero over the next year if
the company's leverage declines faster than S&P expects (with a
debt-to-EBITDA metric of less than 6.0x) and S&P come to believe
that management and the company's equity sponsor will allow it to
maintain that level regardless of any future dividends or
acquisitions.  This decline would most likely be caused by
higher-than-expected contributions from its recent acquisitions,
additional business wins, and higher earnings from management's
cost-savings initiatives, though it could also occur if the company
pays down its debt faster than S&P expects using excess cash flow.

It is unlikely that S&P will lower its ratings on the company in
the next year unless its liquidity deteriorates materially due to
operational or other challenges, or if its leverage increases from
current levels due to debt-financed dividends or acquisitions that
lead S&P to believe that the company's capital structure is no
longer sustainable.


STEVE'S FROZEN: Hires Gasparri Law Office as Attorney
-----------------------------------------------------
Steve's Frozen Chillers, Inc., seeks authorization from the U.S.
Bankruptcy Court for the Southern District of Florida to employ the
Law Office of Angelo A. Gasparri as attorney, nunc pro tunc to
March 27, 2017.

The Debtor requires Gasparri to:

     a. give advice to the debtor with respect to its powers and
duties as a debtor in possession and the continued management of
its business operations;

     b. advise the debtor with respect to its responsibilities in
complying with the U.S. Trustee's Operating Guidelines and
Reporting Requirements and with the rules of the court;

     c. prepare motions, pleadings, orders, applications, adversary
proceedings, and other legal documents necessary in the
administration of the case;

     d. protect the interest of the debtor in all matters pending
before the court;

     e. represent the debtor in negotiation with its creditors in
the preparation of a plan.

Angelo A. Gasparri, Esq., The Law Office of Angelo A Gasparri,
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.

Gasparri may be reached at:

      Angelo A. Gasparri, Esq.
      The Law Office of Angelo A Gasparri
      1080 S. Federal Highway
      Boynton Beach, FL 33435
      Phone: (561) 826-8986
      Fax: (561) 935-9706

                  About Steve's Frozen Chillers

Steve's Frozen Chillers, Inc. -- http:/ stevesfrozenchillers.com/
-- is engaged in the frozen drink machine business.  Founded in
2001, the Company offers over 20 flavors of frozen drink mixes,
both for alcoholic drinks and non-alcoholic, including frozen
cappuccinos, frozen energy drinks and skinny iced coffee.  In 2016,
the Company recorded gross revenue of $2.56 million compared to
gross revenue of $3.09 million in 2015.

Steve's Frozen Chillers, Inc. filed a Chapter 11 petition (Bankr.
S.D. Fla. Case No. 17-13690) on March 27, 2017.  The petition was
signed by Steven D Schoenberg, CEO.  At the time of filing, the
Debtor had $744,658 in assets and $1.94 million in liabilities.

The case is assigned to Judge Erik P. Kimball.  

Angelo A. Gasparri, Esq., at the Law Office of Angelo A Gasparri,
serves as bankruptcy counsel to the Debtor.


STRIDE ACADEMY: S&P Lowers Rating on 2016A/B Revenue Bonds to CCC-
------------------------------------------------------------------
S&P Global Ratings lowered its long-term rating three notches to
'CCC-' from 'B-' on the city of St. Cloud, Minn.'s series 2016A and
series 2016B lease revenue bonds, issued for the STRIDE Academy
(academy).  The outlook is negative.

"The lowered rating reflects the school's authorizer, Friends of
Education's final determination on April 6, 2017 to not renew the
school's charter," said S&P Global Ratings credit analyst Kaiti
Wang.  "The lowered rating and negative outlook further reflect our
view that there is greater than a one-in-two likelihood of default,
given the impending closure of the school's operations by June 30,
2017," Ms. Wang added.

"Finally, given the resignation of the academy's executive director
in February 2017 and the board's limited involvement with the
charter reauthorization process, it is our opinion that the
organization lacks dedicated leaders to reach a resolution to
ensure timely debt service payments, raising the risk regarding
management's willingness to repay its debt, which could lead to a
further lowered rating.  We will continue to monitor the situation
and take rating action accordingly," Ms. Wang said.

As S&P noted in its report published Feb. 10, 2016 on
RatingsDirect, on Nov. 10, 2016 Friends of Education issued a
notice of its intent to not renew the school's charter because the
school has failed to improve its pupil learning and student
achievement as reflected by the school's declines in academic
performance.  Currently, a lower rating is precluded by the
potential for Stride Academy to make advance lease payments prior
to June 30, 2017, or to have another charter school assume its
lease agreement.  It is S&P's opinion that these possibilities
limit our consideration of virtual certainty of default.

The academy's charter was issued in 2004 and the academy commenced
operations in fall 2005.  It currently serves kindergarten through
eighth grade (K-8) in one facility in St. Cloud, Minn.  It had 705
students in fall 2016.  The charter term expires on June 30, 2017.


TALOS ENERGY: S&P Lowers CCR to 'SD' on Distressed Exchange
-----------------------------------------------------------
S&P Global Ratings said that lowered its corporate credit rating on
Talos Energy LLC to 'SD' (selective default) from 'CCC+'.

Talos has announced that it has closed an exchange offer, which S&P
views as a distressed exchange.

S&P also lowered its issue-level rating on the company's senior
unsecured notes to 'D' from 'B-'.  The recovery rating on the notes
remains '2', indicating S&P's expectation for substantial recovery
(70%-90%; rounded estimate: 85%) in the event of a payment
default.

"The downgrade follows Talos Energy's announcement that it has
completed an exchange offer to existing holders of its $300 million
senior unsecured 9.75% notes due February 2018," said S&P Global
Ratings' credit analyst Michael McConnell.  A portion of these
notes have been replaced by a $172 million senior secured
second-lien 11% bridge loan due 2022 and $102 million 9.75% senior
unsecured notes due 2022.  Both exchanges occurred at par.  The
$102 million notes are held by affiliates of Talos Energy's
sponsors. $26 million of the existing senior unsecured notes due
2018 remain outstanding.

S&P views the transaction as a distressed exchange because the
unsecured notes maturity is being extended to 2022 from 2018 and
investors that are affiliates of the sponsors are receiving less
than the original promise on this tranche of the unsecured notes.
Additionally, S&P considers the offer distressed rather than
opportunistic, given the continued difficult operating environment
and the company's meaningful upcoming debt maturities in 2017.  The
company's revolving credit facility has a springing maturity in
August 2017 if more than $25 million of the senior unsecured notes
due 2018 remain outstanding.  S&P expects the company to reduce the
outstanding $26 million unsecured notes below this threshold prior
to the springing maturity date.

"We expect to review our corporate credit and issue-level ratings
on the company during the next few weeks, and assign ratings to the
new debt, to reflect ongoing default risk," said Mr. McConnell.


TAUREN EXPLORATION: Hires Orenstein Law as Co-Counsel
-----------------------------------------------------
Tauren Exploration, Inc., seeks authorization from the U.S.
Bankruptcy Court for the Northern District of Texas to employ
Orenstein Law Group, PC as co-counsel, nunc pro tunc.

On December 16, 2016, the Debtor filed its Application to Employ
Special Litigation Counsel, seeking an order authorizing the
employment of Nathan M. Nichols and the firm of Orenstein Law
Group, P.C. ("OLG") as special litigation counsel to represent the
Debtor as a defendant in Adversary Proceeding.

On January 9, 2017, Gloria's Ranch, LLC filed an objection to the
Special Litigation Application. Gloria Ranch's Objection was
largely based on the argument that the Debtor's owner, Calvin
Wallen, III, was to be the source of payments to OLG for its
services as special litigation counsel. Although the Special
Litigation Application was solely designed to provide
representation to the Debtor as a defendant in the Adversary,
Gloria's Ranch morphed the requested relief in to something else
altogether by arguing that Mr. Wallen should not be in charge of
and the source of income for the Debtor because Gloria's Ranch
wanted the Debtor to sue Mr. Wallen for alleged fraudulent
transfers -- i.e., Mr. Wallen should not be the source of funding
to the Debtor when he is also a target of such litigation.

The Debtor subsequently filed an Amended Application to Employ
Special Litigation Counsel to Convert to Application to Employ
Co-Bankruptcy Counsel.

The Debtor says OLG will serve as co-counsel with Mr. Frank
Broyles.

The Debtor requires Orenstein to:

     a. determine what post-confirmation obligations the Debtor has
under the confirmed plan of Gloria's Ranch and assist the Debtor to
fulfill such obligations;

     b. file and prosecute any necessary claim objections related
to the Retained Appellate Rights (as defined in Gloria's Ranch's
plan);

     c. take any other actions on behalf of the Debtor on a
post-confirmation basis deemed necessary by the Debtor;

     d. review various records of the Debtor regarding privileges;
and

     e. draft and file appropriate motions with respect to OLG's
compensation.

OLG lawyers who will work on the Debtor's case and their hourly
rates are:

     Rosa R. Orenstein          $425
     Nathan M. Nichols          $275
     Legal Assistants           $120

OLG has requested a $3,000 retainer from the Debtor to be used for
work performed on a post-Effective Date basis.

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

Nathan M. Nichols, Esq., at Orenstein Law Group, 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.

OLG may be reached at:

      Nathan M. Nichols, Esq.
      Orenstein Law Group
      1910 Pacific Avenue Suite 8040
      Dallas, TX 75201
      Tel: (214) 757-9101
      Fax: (972) 764-8110

                  About Tauren Exploration

Tauren Exploration, Inc., filed a Chapter 11 petition (Bankr. N.D.
Tex. Case No. 16-32188) on June 3, 2016, listing under $1 million
in both assets and liabilities.  Its core business historically has
been in the oil and gas industry.  The Debtor is represented by
Frank L. Broyles, Esq., as counsel.  The Debtor hired Nathan M.
Nichols, Esq., at Orenstein Law Group, P.C., as special litigation
counsel.


TRANSDIGM GROUP: Fitch Affirms B Long-Term IDRs, Outlook Stable
---------------------------------------------------------------
Fitch Ratings has affirmed the Long-Term Issuer Default Ratings
(IDR) of TransDigm Group, Inc. (NYSE: TDG) and its subsidiary
TransDigm Inc. (TDI) at 'B'. Fitch has also affirmed the ratings of
TDI's senior secured credit facilities at 'BB/RR1' and TDI's senior
subordinated notes at 'B-/RR5'. The Rating Outlook is Stable. The
ratings cover approximately $11 billion of outstanding debt.

KEY RATING DRIVERS

The ratings are supported by the company's strong FCF (cash from
operations less capital expenditures and regular dividends), good
liquidity, strong margins, healthy commercial aerospace markets,
higher U.S. defense spending, and a favorable debt maturity
schedule. TDG has good diversification in its portfolio of products
that supports a variety of commercial and military
platforms/programs, and it is a sole source provider for the
majority of its sales.

Rating concerns include the company's high leverage, declining
interest coverage, the long-term cash deployment strategy which
focuses on acquisitions and occasional debt-funded special
dividends, and weak collateral support for the secured bank
facility in terms of asset coverage.

TDG generates significant cash flows due to its ability to demand a
premium for its products, partially driven by a large percentage of
sales from a relatively stable and highly profitable aftermarket
business; low research and development costs; and low capital
expenditures. Additionally, TDG's cash flows benefit from the lack
of material pension liabilities and no other post-employment
benefit (OPEB) obligations.

TDG's leverage metrics have been stable over the past four years,
as leverage remained at 6.5x-7.5x. Fitch expects the company's
leverage will increase in fiscal 2017 and will remain at 7.0x-8.0x
for the rating horizon. Fitch projects TDG's leverage at
approximately 7.7x by the end of fiscal 2017 after giving effect to
the Fitch-estimated debt issuances throughout the year. Even though
TDG's leverage metrics are stable, TDG's coverage ratios have
steadily deteriorated, as FFO interest coverage declined to 2.7x at
the end of 2016 from 3.2x at the end of 2012. Fitch anticipates
continued deterioration of coverage ratios to 2.3x - 2.5x over the
rating horizon due to an expected increase in indebtedness and the
corresponding rise of cash interest expenses.

Fitch believes TDG has the capacity to make approximately $700
million of acquisitions per annum with internally generated cash,
but a larger acquisition would likely require debt financing. Fitch
views TDG's projected metrics as consistent with the 'B' IDR, but
the level of support for this rating has been reduced by the new
leverage paradigm. Issuance of additional debt to fund shareholder
cash distributions could pressure the ratings of the senior
subordinated notes.

TDG's ratings are also supported by positive trends in most of the
company's end markets. The Large Commercial Aircraft (LCA) market
continues to be in a solid upturn. Both LCA manufacturers are
currently experiencing a record operating environment in terms of
backlog and deliveries. The large order book, overbooked delivery
slots, and geographic diversity support the outlook for continued
modest growth.

Higher U.S. defense spending in fiscal year (FY) 2016 supported
Fitch's credit outlook for the U.S. Aerospace & Defense sector.
Investment spending turned upward after a three-year trough, and
Fitch expects continued solid spending levels in FY2017and beyond,
assuming budget caps are overridden. Although not yet enacted,
Fitch views the FY2017 budget request as a conservative indicator
of spending trends.

Share repurchases have not been the company's preferred cash
deployment strategy, but that may change in fiscal 2017. On March
8, 2017, the company's board approved a $600 million share
repurchase program, which brought total availability of allowable
repurchases to $812.9 million as of mid-March of 2017. On March 7,
2017, one day prior to the new share repurchase program
authorization, the company amended the credit agreement governing
its senior secured credit facility to allow for cash distributions
of up to $1.5 billion in share repurchases or dividends over the
next 12 months subject to maintaining secured leverage below 4x and
net total leverage below 6.5x. The company had already distributed
approximately $1.4 billion in special dividends prior to the
amendment in fiscal 2017.

Fitch expects the company will either declare a second dividend or
will utilize share repurchases to increase shareholder cash
deployment in fiscal 2017. Fitch estimates the company can make up
to $700 million in shareholder cash distributions without accessing
the capital markets for the remaining of fiscal 2017. Capital
deployment towards either shareholders or acquisitions beyond $700
million would require issuance of additional debt.

TDG is exposed to the cyclicality of the aerospace industry, as it
reported several quarters of organic sales declines during fiscal
2009 and 2010 driven by lower demand for aftermarket parts and
production cuts by commercial original equipment manufacturers
(OEMs). The market cyclicality is somewhat mitigated by growth from
acquisitions, high margins, and sales diversification.

During the first quarter of 2017, Citron Research (Citron)
published two reports covering TDG. While Fitch does not have any
information regarding the accuracy of the comments in Citron's
reports, Fitch understands Citron's reports accused TDG of price
gouging, improper relationships, and fraudulent activities. The
reports also speculated that the company's significant price hikes
for acquired products hid negative organic growth and compared
TDG's business model to that of Valeant in the pharmaceutical
industry. On March 21, 2017, shortly after the publishing of the
second Citron report, Congressman Ro Khanna sent a letter to the
Department of Defense Inspector General asking for an investigation
into the business practices of TDG. The letter alleged, among other
things, that the company defrauded the U.S. government by operating
as a hidden monopolist by disguising its cost structure and
identity from procurement officers while taking unreasonable price
increases for sole-source products.

Fitch expects a possible investigation (if any) caused by
Congressman Khanna's letter will likely be a prolonged process, and
views the letter and allegations of fraudulent activities as a
long-term event risk. Based on the top customer disclosure in the
company's SEC filings, Fitch expects TDG's direct DoD sales are
less than 10%, which limits the exposure to possible sanctions (if
any) from a potential DoD investigation.

Fitch believes the reports published by Citron Research correctly
state that TDG aggressively cuts costs and significantly increases
prices of product made by newly acquired businesses, but the
company had not disclosed material organic revenue declines over
the past five years and had not reported significant declines in
sales due to increased pricing activities. Fitch estimates TDG is
able to price its product aggressively because more than 90% of
sales are derived from proprietary products and about 80% of sales
are from products in which it is the sole supplier.

The Recovery Ratings and notching in the debt structure reflect
Fitch's recovery expectations under a scenario in which distressed
enterprise value is allocated to the various debt classes. TDG's
capital structure includes senior secured credit facilities and
senior subordinated notes. In case of insolvency, Fitch assumes TDG
will be restructured and assesses the going concern EBITDA at
approximately $1.3 billion based on the company's stable
operations, high operating margins, and significant percentage of
revenues derived from aftermarket products.

Fitch uses a 7x multiple when calculating the enterprise value of
the post-restructured TDG, which is higher than an average
post-restructuring multiple of 5.5x observed in the industry. The
higher than the industry average post-restructuring multiple is
driven by high margins of the company and by the high percentage of
proprietary and sole source products.

As a result of Fitch's estimated post-restructuring enterprise
value, the expected Recovery Rating for the senior secured credit
facilities is 'RR1', indicating recovery prospects of 91%-100%.
Fitch anticipates the senior subordinated notes will receive
recovery in the range of 11% to 30%, commensurate with the 'RR5'
Recovery Ratings.

Fitch's rating scenarios assume TDG will issue up to $800 million
in incremental debt in fiscal 2017. While the company may use the
proceeds to make acquisitions, TDG may use proceeds to make another
special dividend or repurchase shares (both subject to leverage
covenants). The ratings and recovery prospects of the senior
subordinated notes are sensitive to a composition of the future
debt and may be negatively impacted if the majority of the future
debt is secured.

KEY ASSUMPTIONS

Fitch's key assumptions within the rating case for TDG include:

-- Revenues will grow by approximately 12% and 10% in fiscal 2017

    and fiscal 2018, respectively, driven by acquisitions and
    anticipated growth of the aerospace and defense sector. The
    growth will slow to high single-digits thereafter.
-- Margins will remain in the range of 44% to 46% over the rating

    horizon;
-- The company will issue additional debt over the next three
    years, offsetting expected growth in EBITDA;
-- Leverage will remain in the range of 7x to 8x over the rating
    horizon;
-- TDG will make $1.5 billion acquisitions annually;
-- The company will maintain cash balances in the range of $700
    million to $1 billion through fiscal 2018.

RATING SENSITIVITIES

Fitch does not anticipate positive rating actions in the near term
given current credit metrics and the company's cash deployment
strategies. Positive rating actions could be considered if the
company modifies its cash deployment strategy and focuses on debt
reduction.

A negative rating action may be considered if there is significant
cash flow margin erosion without commensurate de-leveraging of the
company. Additionally, Fitch may consider a negative rating action
should TDG's leverage (debt-to-EBITDA) and FFO adjusted leverage
increase and remain between 8x to 8.25x and above 9.5x,
respectively, driven by weakening of the global economy, a downturn
in the aerospace sector, or by issuance of additional debt to fund
special dividends or acquisitions. In addition, Fitch may take a
negative rating action on the senior subordinated notes if their
recovery prospects deteriorate due to an issuance of new senior
secured debt.

LIQUIDITY

TDG has adequate financial flexibility and good liquidity supported
by a $600 million revolving credit facility and a sizable cash
balance, as the company typically holds above $500 million in cash.
Fitch anticipates recently completed and future acquisitions will
allow TDG to accelerate its revenue, EBITDA and FCF growth over the
rating horizon.

As of Dec. 31, 2016, TDG held $972 million in cash and equivalents.
The company does not have significant debt maturities until 2020
when $500 million of senior subordinated notes become due and the
$1.2 billion tranche C of its credit facility matures. Fitch
anticipates the company will refinance the maturing debt and
estimates TDG's liquidity will fluctuate between $1 billion to $1.5
billion over the rating horizon.

FULL LIST OF RATING ACTIONS

Fitch has affirmed the following ratings:

TDG
-- Long-term IDR at 'B'.

TDI
-- IDR at 'B';
-- Senior secured revolving credit facility at 'BB/RR1';
-- Senior secured term loans at 'BB/RR1';
-- Senior subordinated notes at 'B-/RR5'.

The Rating Outlook is Stable.


TUTOR PERINI: Fitch Assigns First-Time B+ Issuer Default Rating
---------------------------------------------------------------
Fitch Ratings has assigned a first-time Long-Term Issuer Default
Rating (IDR) of 'B+' to Tutor Perini Corporation (TUT) and a rating
of 'BB-/RR3' to the company's planned senior unsecured eight-year
fixed-rate notes. Fitch has also assigned a rating of 'BB+/RR1' to
the company's existing senior secured credit facility and a rating
of 'BB-/RR3' to the senior unsecured convertible notes due 2021.
The Rating Outlook is Stable. Approximately $800 million of
outstanding debt, including the planned notes, is covered by
Fitch's ratings.

The new notes will mature in 2025 and will be unconditionally
guaranteed by each of the issuer's domestic subsidiaries that
guarantee the company's revolving credit facility. Concurrent with
the company's senior note offering, TUT has entered into a new $350
million revolving credit facility. The company intends to utilize
proceeds from the note offering to execute a cash tender offer for
any and all of its outstanding 7.625% senior notes due 2018. The
company will also use the proceeds to pay off the remaining balance
of its senior secured term loan. The tender is scheduled to expire
on April 17, 2017.

KEY RATING DRIVERS

TUT's rating is supported by the firm's significant scale and
market position. The company maintains operations across the U.S.,
in addition to a diverse set of customers across a wide range of
end markets. This geographic and end-market diversity, along with
its extensive long-standing customer relationships, allow its
segments to be highly competitive on projects of all sizes while
maintaining limited exposure to a single region, industry or
customer. The company's end markets include bridges, tunnels,
highways, industrial buildings, mass-transit systems, condominiums,
hospitality & gaming, aviation, education, sports facilities and
health care.

The company features a balanced split between private and public
customers with approximately 55% of its 2016 revenue generated from
federal, state and local government agencies while the remaining
45% came from private project owners. The company's current backlog
of over $6 billion is composed of 43% civil projects, 32% building
projects and the remaining 25% consisting of specialty contractor
projects. Individual customer concentration is limited, as the 10
largest projects represented roughly 33% of revenue in 2016.

Rating concerns include TUT's limited available liquidity given the
inherent capital intensity and cyclicality of the sector. The
company had roughly $300 million of cash and revolver availability
as of Dec. 31, 2016 though roughly $100 million of this included
cash residing in joint ventures which the company has limited
flexibility to deploy. The company has stated an intention to grow
cash balances in-part by improved working capital management with a
target of roughly $200 million of working capital improvement by
year-end 2017.

Fitch remains concerned with TUT's elevated leverage, as the firm
had an adjusted Debt/EBITDAR of 3.4x as of Dec. 31, 2016 which was
down from 5.5x at the same time in 2015. The elevated 2015 leverage
was largely driven by project losses suffered in the company's
Tower C project at Hudson Yards in New York City that year. Fitch
notes that this was the firm's worst individual project loss in
over 20 years and is not expected to be repeated, as the firm
continues to operate profitably on several other contracts within
the Hudson Yards project to-date. Fitch further notes the company's
willingness to maintain significant long-term debt balances, as
well as consistent revolver utilization, as credit negatives in the
highly cyclical Engineering and Construction (E&C) sector. Fitch
expects TUT to maintain adjusted Debt/EBITDAR within the 3.0x to
3.5x range through the medium term.

Fitch views the company's overall project risk profile as
reasonable and within sector expectations. Fitch further views the
firm's profit margins as consistent with similar projects performed
by its peers. Fitch views the company's working capital management
as adequate, as the firm has produced moderately positive aggregate
FCF over the previous four years. The company's working capital
flows feature limited volatility, largely driven by the firm's
proven ability to accurately forecast projects costs, which allows
client advances to satisfy most funding needs.

The 'BB+/RR1' rating on TUT's senior secured credit facility
reflects substantial recovery prospects in a distressed scenario,
which Fitch estimates to be in the 90% to 100% range. Collateral
consists of nearly all U.S. assets of TUT's restricted
subsidiaries, including such assets which may be under lease
agreements. This includes without limitation, account receivables,
inventory, equipment, investment property, intellectual property,
other general intangibles, and owned (but not leased) real
property. The equity interest of the borrower and all equity
interests of any wholly owned subsidiaries are also included within
the collateral package. The rating of 'BB-/RR3' on the company's
senior unsecured notes and senior unsecured convertible notes
reflects the good recovery prospects on the notes, estimated by
Fitch to be in the 51% to 70% range in a distressed scenario.

KEY ASSUMPTIONS

-- The successful tender of all of the outstanding 7.625% senior
    notes due 2018;
-- No major acquisitions or mergers over the medium term;
-- EBITDA margins of at least 4%-5% over the medium term;
-- Claims or disputes do not result in a significant reduction in

    liquidity or FCF which could impair TUT's ability to meet cash

    requirements needed to perform on contracts or control debt
    and leverage;
-- Capital expenditures within the range of $10 million to $25
    million annually over the medium term.

RATING SENSITIVITIES

Positive: Future developments that may, individually or
collectively, lead to a positive rating action include:

-- An increase in available liquidity to above $750 million,
    including at least $500 million in cash and equivalents
    (excluding cash held in joint ventures [JVs]), for a prolonged

    period;

-- Decreased adjusted debt/EBITDAR to below 2.0x for a sustained
    period;

-- FCF margin above 5% for a prolonged period;

-- A material improvement in EBITDA margins to above 8% for a
    sustained period;

Negative: Future developments that may, individually or
collectively, lead to a negative rating action include:

-- A deterioration in adjusted debt/EBITDAR to above 4.5x for a
    prolonged period;

-- A material decline in EBITDA margins to below 3%;

-- Failure to maintain at least $350 million in available
    liquidity (excluding cash held in JVs) for a prolonged period;

-- Consistently negative FCF;

-- Any indication of meaningful impending project losses, or
    legal or contingent liabilities;

-- Debt-funded shareholder-friendly activities.

LIQUIDITY

TUT had approximately $150 million of cash and equivalents as of
Dec. 31, 2016, not including restricted cash held for
insurance-related obligations. Roughly $100 million of this was
held in JVs and is only available for use in specific projects or
to be distributed to the respective JV partners. This compares to
$75 million of cash available as of Dec. 31, 2015, of which $57
million was held in JVs. In addition the company had $150 million
of revolver availability and $50 million of restricted cash, which
the company holds primarily to secure insurance-related contingent
obligations, as of Dec. 31, 2016. Under its new credit agreement,
the company can maintain a consolidated net leverage ratio of 4.0x,
which trends toward 3.25x by 2019. As a result, the firm's leverage
ratio at any point in time may impact revolver availability. Fitch
expects the company to pay down much of its current capital lease
balance and have roughly $100 million of cash and equivalents,
including cash held at JVs, on hand at year-end 2017.

FULL LIST OF RATING ACTIONS

Fitch has assigned the following ratings:

Tutor Perini Corporation
-- LT IDR at 'B+';
-- Senior secured credit facility at 'BB+/RR1'';
-- Senior unsecured notes at 'BB-/RR3';
-- Senior unsecured convertible notes at 'BB-/RR3'.

The Rating Outlook is Stable.


UCP INC: S&P Puts 'B-' CCR on Watch Pos. on Acquisition Notice
--------------------------------------------------------------
S&P Global Ratings said it placed its 'B-' corporate credit rating
on UCP Inc. on CreditWatch with positive implications.

UCP Inc. announced that it has entered into a definitive agreement
to be acquired by Century Communities Inc.  The company expects the
transaction to be completed in the third quarter of 2017.

The CreditWatch listing follows UCP's announcement that Century
Communities has agreed to acquire all of the company's outstanding
common stock in a cash and stock transaction.  The company expects
to complete the transaction in the third quarter of 2017.

"We plan to resolve the CreditWatch placement following the close
of the transaction, which is subject to customary closing
conditions and regulatory approval," said S&P Global Ratings credit
analyst Thomas O'Toole.  "Assuming the transaction closes as
planned, we would subsequently raise our ratings on UCP to equalize
them with our ratings on Century before withdrawing our corporate
credit rating on UCP."


ULURU INC: Velocitas Holds 76.7% Equity Stake as of Feb. 27
-----------------------------------------------------------
Velocitas Partners LLC and Velocitas I LLC disclosed in a Schedule
13D filed with the Securities and Exchange Commission that as of
Feb. 27, 2017, they beneficially own 153,337,294 shares of common
stock of ULURU Inc. representing 76.7 percent based upon 76,349,431
shares of common stock outstanding as of March 31, 2017.

The amount includes shares held by Velocitas and certain other
persons with whom they shares voting control and shares that may be
currently acquired upon conversion of convertible securities
beneficially owned by Velocitas, which amount is limited by the
number of authorized but unissued shares of common stock as of
March 31, 2017.  Without this limitation, Velocitas would
beneficially own 236,741,782 shares of common stock, representing
83.5% of the outstanding shares.

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

                    https://is.gd/IAgteA

                      About ULURU Inc.

ULURU Inc. is a specialty pharmaceutical company focused on the
development of a portfolio of wound management and oral care
products to provide patients and consumers improved clinical
outcomes through controlled delivery utilizing its innovative
Nanoflex Aggregate technology and OraDisc transmucosal delivery
system.  For further information about ULURU Inc., please visit its
website at www.uluruinc.com.  For further information about
Altrazeal, please visit our website at www.altrazeal.com.

ULURU reported a net loss of $2.69 million for the year ended
Dec. 31, 2015, following a net loss of $1.93 million for the year
ended Dec. 31, 2014.

As of Sept. 30, 2016, ULURU had $6.71 million in total assets,
$2.51 million in total liabilities and $4.19 million in total
stockholders' equity.

Lane Gorman Trubitt, PLLC, in Dallas, TX, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has suffered recurring
losses from operations, negative cash flows from operating
activities and is dependent upon raising additional funds from
strategic transactions, sales of equity, and/or issuance of debt.
The Company's ability to consummate such transactions is uncertain.
As a result, there is substantial doubt about the Company's
ability to continue as a going concern, the auditors noted.


UMPQUA MASTER: Fitch Assigns BB Trust Preferred Securities Rating
-----------------------------------------------------------------
Fitch Ratings has assigned a Long-term Issuer Default Rating (IDR)
of 'BBB+' and a Short-term IDR of 'F2' to Umpqua Holdings
Corporation (UMPQ). The Rating Outlook is Stable.

KEY RATING DRIVERS

IDRs and VR

UMPQ's ratings are supported by its solid franchise in its core
markets, which Fitch views as a product of management's innovative
branch and digital strategies. Strong asset quality metrics and
solid capital and liquidity levels also support UMPQ's ratings.

Offsetting these strengths is UMPQ's limited non-interest income
versus rating peers with a high reliance on mortgage banking and
earnings performance that has fallen short of the company's goals
at the time of the Sterling Financial Corporation (Sterling) merger
in 2014. Additionally, Fitch views cautiously UMPQ's growth in its
commercial and industrial (C&I), leasing, and construction
portfolios. These areas have produced higher loss content for the
bank than its other commercial real estate (CRE) and consumer
portfolios, which have performed well through the cycle.

Fitch views UMPQ's management team as a key credit strength. Fitch
believes management has successfully implemented its customer
experience-oriented culture at the company along with an innovative
branch model, which have resulted in a strong franchise position in
the company's core markets; UMPQ's solid deposit market share in
its core markets support this view, along with the company's low
funding costs relative to its peer group. Additionally, Fitch
believes the company is ahead of many peers in developing its
digital platforms, which will continue to benefit UMPQ's franchise
moving forward.

UMPQ has a solid 10.5% deposit market share in its home state of
Oregon, along with strong market positions in certain areas of
Washington, northern California, and Idaho. This has provided the
bank with a stable, low cost deposit base that allows the bank to
benefit from a high net interest margin relative to peers due to
funding costs below the mid-tier and large regional bank peer group
averages. This should position the bank well for a rising rate
environment, especially given its solid position in more isolated,
rural markets and its sound liquidity position.

UMPQ has solid underwriting standards, particularly in its
residential mortgage, multifamily, and non-owner and owner occupied
CRE portfolio, evidenced by the low net charge-off (NCO) rates in
these portfolios through the past credit cycle. Fitch notes that
over the past 40 quarters, UMPQ's NCO rate has been slightly above
the mid-Tier median with somewhat higher volatility, as measured by
standard deviation. UMPQ has exited its land development lending
business, which was a significant driver of its weaker than peer
performance during the crisis. Moving forward, Fitch expects UMPQ's
NCOs to be roughly in line with the peer group median. This has
been the case over the past 20 quarters.

UMPQ's asset quality metrics are currently among the best in the
mid-tier peer group and for Fitch-rated U.S. banks. Fitch views
this as a product of the company's solid underwriting practices in
its core lending segments, sound risk controls framework, and the
benign credit environment. While UMPQ's overall loan growth
(excluding acquisitions) has been moderate, Fitch views cautiously
its growth in certain asset classes, particularly construction (44%
growth in 2016) and leasing (33% growth in 2016). These asset
classes have historically had higher loss content than in other
portfolios for UMPQ. Additionally, the bank has recently indicated
it expects to expand more in its C&I lending business, which Fitch
also views cautiously given that this has been a very competitive
asset class since the financial crisis.

Since the Sterling merger in 2014, UMPQ's earnings, excluding
merger costs and accretion gains, have lagged slightly below its
peer group average as measured by ROA despite the company's solid
net interest margin. Fitch also views UMPQ's non-interest income as
relatively weak given its lower percentage of revenue relative to
peers and a high level of mortgage banking income, which can be
more volatile over time than other fee businesses. Overall, UMPQ's
earnings profile serves as a constraint on the ratings.

Over time, Fitch does expect modest earnings improvement from
better operating efficiency because of the Sterling merger and from
UMPQ's various business initiatives and digital strategy; however,
this could be somewhat offset by more normalized provision levels.
Additionally, Fitch notes UMPQ's balance sheet is moderately asset
sensitive and should benefit from a rising rate environment due to
the company's strong deposit base; however, lower origination
volumes in its mortgage banking business could offset this.

UMPQ's capital position is adequate for the rating level and the
company's risk profile. UMPQ's Basel III Common Equity Tier 1
(CET1) ratio is reasonable at 11.46%, which is roughly average for
the mid-tier peer group. Fitch expects UMPQ to maintain its capital
ratios at or modestly below current levels due to its growth
initiatives and a relatively high dividend payout level, which is
above average at 60% or more. Fitch views this high payout level as
reasonable given the company's conservative management of capital
over many years and its overall solid financial profile.

LONG- AND SHORT-TERM DEPOSIT RATINGS

UMPQ's uninsured deposit ratings at the subsidiary bank are rated
one notch higher than the company's IDR and senior unsecured debt
because U.S. uninsured deposits benefit from depositor preference.
U.S. depositor preference gives deposit liabilities superior
recovery prospects in the event of default.

SUBORDINATED DEBT AND OTHER HYBRID SECURITIES

UMPQ's trust preferred securities are notched two times below its
VR for loss severity and two times for non-performance. These
ratings are in accordance with Fitch's criteria and assessment of
the instruments non-performance and loss severity risk profiles.

SUPPORT RATING AND SUPPORT RATING FLOOR

UMPQ has a Support Rating of '5' and Support Rating Floor of 'NF'.
In Fitch's view, UMPQ is not systemically important and therefore,
the probability of support is unlikely. IDRs and VRs do not
incorporate any support.

HOLDING COMPANY

Umpqua Holding Corporation's IDR and VR are equalized with those of
its chief operating company, Umpqua Bank, reflecting its role as
the bank holding company, which is mandated in the U.S. to act as a
source of strength for its bank subsidiaries.

RATING SENSITIVITIES

IDRs and VR

Fitch believes UMPQ's ratings are currently at the higher end of
their potential spectrum and that positive rating momentum is
unlikely within the Rating Outlook horizon. Over the longer term,
UMPQ's ratings could gain positive momentum if the bank succeeds in
building a more diverse fee income base and achieves a higher level
of earnings more in line with higher rated peers while maintaining
stable or higher capital levels and solid credit metrics ahead of
the peer group average.

The Stable Rating Outlook reflects Fitch belief that UMPQ will
maintain strong asset quality metrics relative to its peer group
and good levels of capital as it pursues initiatives to grow and
diversify its loan portfolio. Negative rating momentum could
develop should Fitch observe underwriting standards weaken in order
to achieve growth targets or if asset quality measures decline to
below peer averages, particularly if this decline is as a result of
adverse outcomes in areas of growth for UMPQ. While not expected,
should UMPQ manage capital more aggressively, such that its CET1
Ratio falls towards the bottom of its peer group or if earnings
performance over time is materially worse than the peer group
average, negative rating momentum could develop.

LONG- AND SHORT-TERM DEPOSIT RATINGS

The ratings of long- and short-term deposits issued by Umpqua Bank
are primarily sensitive to any change in the company's IDR.

SUBORDINATED DEBT AND OTHER HYBRID SECURITIES

The ratings for UMPQ's trust preferred securities are sensitive to
any change to UMPQ's VR.

SUPPORT RATING AND SUPPORT RATING FLOOR

Since UMPQ's Support and Support Rating Floors are '5' and 'NF',
respectively, there is limited likelihood that these ratings will
change over the foreseeable future.

HOLDING COMPANY

Should UMPQ's holding company begin to exhibit signs of weakness,
demonstrate trouble accessing the capital markets, or have
inadequate cash flow coverage to meet near-term obligations, there
is the potential that Fitch could notch the holding company IDR and
VR from the ratings of the operating companies.

Fitch has assigned the following ratings with a Stable Outlook:

Umpqua Holdings Corporation
-- Long-term IDR 'BBB+';
-- Short-term IDR 'F2';
-- Viability Rating 'bbb+';
-- Support '5';
-- Support Rating Floor 'NF'.

Umpqua Bank
-- Long-term IDR 'BBB+';
-- Short-term IDR 'F2';
-- Viability Rating 'bbb+';
-- Long-term deposits 'A-';
-- Short-term deposits 'F2';
-- Support '5';
-- Support Rating Floor 'NF'.

Umpqua Statutory Trust II - V
-- Trust preferred securities 'BB'.

Umpqua Master Trust I and IB
-- Trust preferred securities 'BB'.

Sterling Capital Trust III - IV and VI - IX
Sterling Capital Statutory Trust V
-- Trust preferred securities 'BB'.

Lynnwood Financial Statutory Trust I and II
-- Trust preferred securities 'BB'.

Klamath First Capital Trust I
-- Trust preferred securities 'BB'.

HB Capital Trust I
Humboldt Bancorp Statutory Trust I - III
-- Trust preferred securities 'BB'.

CIB Capital Trust
-- Trust preferred securities 'BB'.

Western Sierra Statutory Trust I - IV
-- Trust preferred securities 'BB'.


UNIQUE VENTURES: Ch.11 Trustee Hires MacDonald Illig as Counsel
---------------------------------------------------------------
M. Collete Gibbons, the Chapter 11 Trustee for Unique Ventures
Group, LLC, asks the U.S. Bankruptcy Court for the Western District
of Pennsylvania for authority to retain MacDonald Illig Jones &
Britton LLP as his counsel.

The Chapter 11 Trustee requires MacDonald Illig to:

     a. provide the Trustee with legal advice with respect to her
powers and duties as a trustee;

     b. prepare the necessary applications, pleadings, briefs,
memoranda and other such documents and reports as may be required;

     c. investigate the validity of various security interests
allegedly given by the Debtor;

     d. represent the Trustee at hearings and other proceedings;

     e. represent the Trustee in her dealings with the Debtor,
creditors, and other parties-in-interest; and

     f. perform all other legal services for the Trustee, except as
may be performed by other special counsel.

MacDonald Illig will be paid at these hourly rates:

     Nicholas R. Pagliari    $330
     Attorneys               $220-$360
     Paralegals              $115-$135

MacDonald Illig also be reimbursed for reasonable out-of-pocket
expenses incurred.

Nicholas R. Pagliari, Esq., partner of the law firm of MacDonald
Illig Jones & Britton LLP, assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtors and their estates.

MacDonald Illig can be reached at:

      Nicholas R. Pagliari, Esq.
      MacDonald Illig Jones & Britton LLP
      100 State Street, Suite 700
      Erie, PA 16507-1459
      Tel: (814) 870-7754
      Fax: (814) 454-4647
      Email: npagliari@mijb.com

                      About Unique Ventures

Unique Ventures Group, LLC, based in Pittsburgh, Pennyslvania,
filed a Chapter 11 petition (Bankr. W.D. Pa. Case No. 17-20526) on
February 13, 2017. Unique Ventures owns 28 Perkins Restaurant &
Bakery locations in Pennsylvania and Ohio.  Unique may have an
interest in 10 Burger Kings, all in Ohio, through a related entity,
according to a Pittsburgh Business Times report.

The Hon. Thomas P. Agresti presides over the Chapter 11 case. In
its petition, the Debtor estimated $10 million to $50 million in
both assets and liabilities. The petition was signed by Eric E.
Bononi, receiver, CEO and CRO.

Unique Ventures has hired Leech Tishman Fuscaldo & Lampl, LLC and
RudovLaw as counsel.  It has also hired Scott M. Hare, Attorney at
Law, to provide legal advice on litigation-related issues.

Andrew R. Vara, Acting U.S. Trustee for Region 3, on March 2, 2017,
appointed seven creditors to serve on the official committee of
unsecured creditors in the Chapter 11 case of Unique Ventures
Group, LLC. The committee members are: (1) 3D Acquisitions, LP; (2)
Perkins & Marie Callenders, LLC; (3) Osterberg Refrigeration, Inc.;
(4) T & D Landscape & Lawn Care, Inc.; (5) Cintas Corporation; (6)
Access Point Inc.; and (7) Thomas Quality Cleaning. The Committee
has hired Whiteford Taylor & Preston, as counsel, Albert's Capital
Services, LLC as financial advisor.  The Committee retained
Albert's Capital Services, LLC as financial advisor.

The Acting United States Trustee has named M. Colette Gibbons,
Esq., as the Chapter 11 Trustee for Unique Ventures Group.  The
Court later approved the appointment.


UNITED MOBILE: Can Continue Using Cash Collateral Until May 31
--------------------------------------------------------------
Judge Barbara Ellis-Monro of the U.S. Bankruptcy Court for the
Northern District of Georgia issued a fourth order extending the
period within which United Mobile Solutions, LLC, can use cash
collateral through May 31, 2017, on the terms contained in the cash
collateral order.

T-Mobile USA, Inc., MetroPCS Georgia, LLC, and MetroPCS Texas, LLC,
have agreed on the extension of the cash collateral period in
accordance with the approved budget, which reflects total expenses
in the amount of $211,607 for April 2017 and $206,607 for May
2017.

A full-text copy of the Fourth Order, dated April 4, 2017, is
available at http://tinyurl.com/ks8y5vz

                About United Mobile Solutions

United Mobile Solutions, LLC, is a carrier master dealer that
operates and manages approximately 20 retail cellular phone stores.
Its corporate offices are located in Norcross, Georgia.

United Mobile Solutions filed a Chapter 11 petition (Bankr. N.D.
Ga. Case No. 16-62537) on July 20, 2016.  The petition was signed
by Kil Won Lee, president.  The Debtor estimated its assets at $0
to $50,000 and its liabilities at $1 million to $10 million at the
time of the filing.

The Debtor is represented by Cameron M. McCord, Esq., at Jones &
Walden, LLC.  

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


UNITI GROUP: Southern Light Deal No Impact on Fitch's 'BB-' IDR
---------------------------------------------------------------
Uniti Group Inc.'s ratings are not affected by the acquisition of
Southern Light, LLC, according to Fitch Ratings. Permanent
financing for the transaction, as well as the previously announced
acquisition of Hunt Telecommunications, LLC, is expected to be
leverage neutral.

Uniti has announced a definitive agreement to acquire
privately-held Southern Light in a transaction valued at
approximately $700 million. Initially, the transaction will be
financed by $635 million in cash (subject to adjustments) and the
issuance of approximately 2.5 million operating partnership units
by Uniti, with more permanent financing to be put in place. Uniti
has secured committed financing for the entire initial cash portion
of the transaction. The transaction is expected to be funded with
cash on hand, proceeds from potential debt or equity financings and
borrowings under the revolving credit facility (RCF). Permanent
financing for the transaction is expected to include approximately
$250 million of debt and $450 million of equity, with proceeds
expected to be used to pay for the cash consideration in the
Southern Light transaction and the cash consideration for the
previously announced Hunt acquisition. The Southern Light
transaction is expected to close in the third quarter of 2017
following customary approvals.

Fitch believes the acquisition is a strategic fit with Uniti
Fiber's operating footprint. Southern Light adds approximately
540,000 strand miles of fiber and connects Uniti Fiber's network
across the Southeastern U.S. Uniti expects to achieve approximately
$10 million of run rate synergies within 24 months after the close
of the transaction, and $2.5 million of synergies from the
previously announced Hunt acquisition. Pro forma for the
transactions, Uniti Fiber will have approximately $100 million in
EBITDA and $1.2 billion of revenues under contract.

Including the contractual revenues from Uniti's operating
businesses, the company's cash flows are expected to be very stable
due to the substantial portion of current revenues generated under
a master lease with Windstream Holdings. The lease currently
produces slightly more than $650 million in cash revenues
annually.

Fitch believes the acquisition of Southern Light and Hunt Telecom
will continue to provide diversification of revenues away from the
master lease with Windstream (Long-Term IDR 'BB-'). Pro forma for
the two acquisitions, Windstream is expected to provide
approximately 70% of Uniti's revenues. While still high, the
percentage of revenues is significantly lower than at the spin-off
from Windstream, as at that time nearly all revenues were from
Windstream. Uniti's IDR was initially capped at the same level as
Windstream's. In Fitch's view, the improved diversification is a
positive for Uniti's credit profile.

Uniti's liquidity is solid owing to its cash and RCF. The company
had $172 million in cash at Dec. 31, 2016. Uniti's $500 million RCF
(due 2020), which had $500 million available on Dec. 31, 2016,
provides sufficient backstop for liquidity needs. Fitch expects
Uniti will restore revolver availability following transactions by
terming out borrowings over time by more permanent means of equity
and debt funding. In February 2017, the company completed a
repricing of the term loan, reducing the interest rate 50bps to
LIBOR plus 3.00%. The repricing will save $10 million annually.
Other than the RCF, which matures in 2020, there are no major
maturities until 2022 when the $2.1 billion term loan matures.

Uniti has an at the market stock offering program (ATM) that allows
for the issuance of up to $250 million of common equity to keep the
capital structure in balance when funding capital expenditures in
the tower or fiber operating businesses as well as to finance small
transactions.

Fitch rates Uniti and CSL Capital LLC as follows:

-- Long-Term IDR 'BB-';
-- Senior secured revolving credit facility due 2020 'BB+'/'RR1';
-- Senior secured term loan credit facility due 2022 'BB+'/'RR1';
-- Senior secured notes 'BB+'/'RR1';
-- Senior unsecured notes 'BB-'/'RR4'.


W&T OFFSHORE: S&P Affirms 'CCC' CCR on Capital Structure Review
---------------------------------------------------------------
S&P Global Ratings said that it affirmed its 'CCC' corporate credit
rating on U.S.-based oil and gas exploration and production (E&P)
company W&T Offshore Inc.  The rating outlook is negative.

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

S&P also affirmed its 'CC' issue-level rating on the company's
senior unsecured notes.  The '6' recovery rating is unchanged,
indicating S&P's expectation for negligible recovery (0%-10%;
rounded estimate: 0%) for creditors in the event of a payment
default.

In addition, S&P affirmed its 'CCC' issue-level rating on the
company's second-lien notes due 2020 and second-lien
payment-in-kind (PIK) toggle notes due 2020.  The '3' recovery
rating is unchanged, indicating S&P's expectation for meaningful
(50%-70%; rounded estimate: 50%) for creditors in the event of a
payment default.

"The affirmations follow our review of W&T's capital structure and
credit profile in light of challenging conditions in the offshore
E&P industry," said S&P Global Ratings credit analyst Kevin Kwok.

The 'CCC' corporate credit rating reflects S&P's expectation that
the company will likely face a liquidity shortfall or consider a
distressed exchange during the next 12 months, absent an unforeseen
positive development.  In particular, S&P believes the company may
be unable to repay or refinance the remaining $190 million of its
8.5% senior unsecured notes by the Feb. 28, 2019, due date and
prevent the acceleration of the 1.5-lien term loan and the senior
third-lien PIK term loan maturities (for a combined amount of $248
million).

The negative rating outlook on W&T reflects the possibility that
its liquidity will continue to deteriorate, such that it won't be
able to meet its financial or other obligations.

S&P could lower the corporate credit rating if W&T misses an
interest payment.  This would most likely occur if the company were
unable to extend its credit facility beyond 2018, refinance its
unsecured notes by Feb. 28, 2019, or to provide additional
financial security to BOEM.  S&P could also lower the rating if the
company announced what it would consider a distressed exchange.

S&P could raise the rating if the company improves its liquidity,
which would most likely occur if it were able to extend its credit
facility beyond 2018 and refinance its senior unsecured notes due
2019.



YULONG ECO-MATERIALS: April 12 NASDAQ Listing Compliance Deadline
-----------------------------------------------------------------
Yulong Eco-Materials Ltd., a vertically integrated manufacturer of
eco-friendly building products located in Henan Province, on April
5, 2017, disclosed that on March 31, 2017, the Company received a
determination letter (the "Letter") from the NASDAQ Stock Market
LLC (the "NASDAQ") notifying the Company of the NASDAQ Staff's
determination (the "Determination") to delist the Company's
securities from The NASDAQ Capital Market due to its failure to
regain compliance with Listing Rule 5250(c)(1) (the "Rule") because
it had not filed its Annual Report on Form 10-K for the period
ended June 30, and Quarterly Reports on Forms 10-Q for the periods
ended September 30, and December 31, 2016, respectively (the
"Delinquent Reports").  Pursuant to the Letter, unless the Company
requests an appeal of the Determination by 4:00 Eastern Time on
April 7, 2017, trading of the Company's common stock will be
suspended at the opening of business on April 11, 2017, and a Form
25-NSE will be filed with the Securities and Exchange Commission
(the "SEC"), causing the Company's securities to be removed from
listing and registration on The NASDAQ Stock Market.

On Oct. 14 and Nov. 22, 2016, the Company received two notification
letters (the "Notice") from NASDAQ advising the Company that it did
not comply with the "Rule" because it had not filed its Annual
Report on Form 10-K for the period ended June 30, and Quarterly
Reports on Forms 10-Q for the periods ended September 30, and
December 31, 2016, respectively.  The Company was provided an
exception until April 12, 2017, to regain compliance with the Rule.
On March 24, 2017, the Company advised that it would be unable to
regain compliance with the Rule by April 12, 2017.  As of the date
of this press release, the Company has not regained compliance with
the Rule though it is in the process of preparing its annual
report.

The Company intends to evaluate available options to resolve the
deficiency and regain compliance with the Rule. The Company
currently intends to request a hearing before a Hearings Panel (the
"Panel").  Such a request will stay the suspension of the Company's
securities and the filing of the Form 25-NSE pending the Panel's
decision.  At the hearing, the Company intends to present a plan to
regain compliance with the Rule and request that the Panel allow
the Company additional time within which to regain compliance.
While the Company believes that it will be able to present a viable
plan to regain compliance, there can be no assurance that the Panel
will grant the Company's request for a suspension of delisting or
continued listing on NASDAQ.

                  About Yulong Eco-Materials Ltd.

Yulong Eco-Materials Ltd. is incorporated in Cayman Island and is
located in Pingdingshan City, Henan Province, China.  Yulong is the
leading producer of eco-friendly fly-ash bricks and concrete in
Pingdingshan.  The Company has a market share of 51% in the brick
market and 30% in the concrete market in Pingdingshan in both
fiscal year 2014 and 2013. The Company currently owns its assets
and conducts its operations through its subsidiary, Zhengzhou Xing
De Enterprise Management & Consulting Co., Ltd.


ZEST HOLDINGS: Moody's Assigns B3 Rating to Sr. Secured Term Loan
-----------------------------------------------------------------
Moody's Investors Service assigned B3 ratings to Zest Holdings,
LLC's recently repriced senior secured credit facilities. The
repricing will push out both the $268 million term loan maturity
and $20 million revolver expiration by 3 years apiece. Further,
Moody's expects that the repricing will generate annual interest
savings in excess of $1 million for the company.

Given the leverage-neutral nature of the transaction, all other
ratings, including the B3 Corporate Family Rating and B3-PD
Probability of Default Rating, are unchanged. The outlook is
stable.

Ratings assigned:

Zest Holdings, LLC

Senior secured revolving credit facility expiring in 2021 at B3
(LGD 4)

Senior secured term loan due 2023 at B3 (LGD 4)

Ratings to be withdrawn upon close:

Zest Holdings, LLC

Senior secured revolving credit facility expiring in 2018 at B3
(LGD 4)

Senior secured term loan due 2020 at B3 (LGD 4)

The outlook is stable.

RATINGS RATIONALE

The B3 Corporate Family Rating reflects Zest's small size on both
an absolute basis and relative to larger competitors, as well as
the company's high financial leverage with adjusted debt to EBITDA
of approximately 5.3 times as of December 31, 2016. In addition,
the company's narrow product focus within the dental manufacturing
sector is a further constraint on the rating. Zest's rating is
supported by favorable market trends within the dental sector, good
organic growth and strong EBITDA margins.

The stable rating outlook reflects Moody's expectation that the
company will remain small, highly concentrated in a niche market,
and highly leveraged.

The ratings could be downgraded if revenues or profitability
weaken, debt to EBITDA is sustained above 6 times, liquidity
deteriorates, or free cash flow becomes negative.

The ratings could be upgraded if the company effectively manages
its growth by balancing its expansion, sustains debt to EBITDA
below 4 times, and maintains very strong liquidity.

Headquartered in Carlsbad, California, Zest Holdings, LLC is a
global developer, manufacturer and distributor of medical devices
used in dental implants and for the treatment of natural teeth.
Zest Dental Solutions is owned by private equity sponsor Avista
Capital Partners. Pro forma for recent acquisitions, annual
revenues approximated $88 million as of December 31, 2016.

The principal methodology used in these ratings was Global Medical
Product and Device Industry published in October 2012.


ZEST HOLDINGS: S&P Assigns 'B' Rating on Proposed $268MM Loan
-------------------------------------------------------------
S&P Global Ratings assigned its 'B' issue-level rating to
U.S.-based dental products manufacturer Zest Holdings LLC's
proposed $268 million senior secured term loan.  The recovery
rating on this debt is '3', indicating S&P's expectations for
meaningful (50%-70%; rounded estimate: 50%) recovery in the event
of default. The company plans to use the proceeds to refinance its
existing term loan, in a leverage-neutral repricing transaction
that will push out maturities on the term loan to 2023.

S&P's 'B' corporate credit rating on Zest reflects S&P's assessment
of the company's business risk as weak and the financial risk
profile as highly leveraged.  The outlook is stable.

S&P's assessment of business risk reflects significant product
concentration with its well-engineered Locator product, which has a
patent expiring in October 2018, the elective nature of procedures
incorporating the Locator product, and a relatively small
addressable market.  S&P's business risk assessment also
incorporates the company's development of its next-generation
Locator RTX product, high loyalty among dental practitioners to
Zest's Locator product including in markets outside the U.S. where
the company does not have patent protection, and the low percentage
of overall cost of the Locator product in the dental procedure, all
leading to very strong EBITDA margins.  The business profile is
also enhanced by the company's leading position in removable
overdenture attachment systems and a broadening portfolio of
products helped by the acquisition of Danville Materials LLC in
2016.  The highly leveraged financial risk profile reflects
adjusted debt leverage of 5.9x in 2016, and our expectation for
leverage to remain in the range of 5x-6x for 2017, but then rise
following the patent loss in 2018.

RATINGS LIST

Zest Holdings LLC
Corporate Credit Rating              B/Stable/--

New Ratings

Zest Holdings LLC
Senior Secured
  $268 Mil. Term Loan Due 2023       B
   Recovery Rating                   3 (50%)
  $20 Mil Revolver Due 2021          B
   Recovery Rating                   3 (50%)


[*] Charles Kline, Jason Domark & Reid Kline Join Cozen O'Connor
----------------------------------------------------------------
Cozen O'Connor expanded its Miami office with the addition of three
commercial litigators: Charles C. Kline, Jason Domark and Reid
Kline, all joining as members.  Charles Kline and Mr. Domark were
both formerly with White & Case.  Reid Kline joins the firm from
Kelly Tractor Co.

"We are excited to welcome these talented litigators to our team,"
said Jeffrey G. Weil, chair of Cozen O’Connor's Commercial
Litigation Group.  "All three are recognized for their litigation
prowess and bring the same tenacity to solving our clients'
litigation matters that built our firm."

For more than 40 years, Mr. Kline, formerly a partner and the
office managing partner of White & Case's Miami office, has focused
his practice on complex commercial and international litigation.
He represents clients in a wide variety of matters, including
antitrust litigation involving price fixing, attempts to
monopolize, price discrimination and unfair trade practices; RICO
and foreign corrupt practices; constitutional claims against
municipal, state and federal agencies; fraudulent conveyance
litigation in bankruptcy and non-bankruptcy situations; and
government contract litigation at the local, state and federal
levels.  He also conducts arbitrations under the International
Chamber of Commerce and American Arbitration Association rules.

Mr. Domark is a commercial litigator who handles real estate
transactions and construction litigation, matters involving
fiduciary relations, trusts and estates, directors and officers
liability insurance, and bankruptcy proceedings, among many others.
Mr. Domark has spent his 12-year career with White & Case, working
with Charles Kline on many matters.

Reid Kline has held several respected positions both in-house and
in law firms throughout his career -- focusing his practice on
commercial and corporate litigation.  He has handled commercial
litigation matters at trial and appellate levels, breach of
contract, business torts, professional malpractice defense and
family law.

In the past three years, Cozen O'Connor's Miami office has grown
from seven lawyers to 35.  As the office expands, so too does its
offerings for clients doing business in South Florida.  In addition
to these three lawyers, the Miami office recently welcomed four
leading immigration lawyers.  Earlier in 2016, the firm welcomed 15
intellectual property lawyers to the Miami office following a
combination with the Feldman Gale firm.

"We're excited to continue to grow our presence in Miami by
welcoming these three highly regarded litigators to the firm," said
Martin Schrier, office managing partner of the Miami office.
"Their experience in complex litigation matters will support our
already nationally recognized litigation practice and provide
additional expertise for our Florida and international clients."

Charles Kline, Mr. Domark, and Reid Kline all received their J.D.s
from the University of Miami School of Law.

                     About Cozen O'Connor
                                                                   
                                 
Established in 1970 and ranked among the top 100 law firms in
America, Cozen O'Connor -- https://www.cozen.com/ -- has more than
600 attorneys who help clients manage risk and make better business
decisions.  The firm counsels clients on their most sophisticated
legal matters in all areas of the law, including litigation,
corporate and regulatory law.  Cozen O'Connor services its clients'
needs through 24 offices across two continents.


[*] Moody's: Global Speculative-Grade Default Rate Falls in Q1
--------------------------------------------------------------
Moody's global speculative-grade default rate dropped to 3.8% in
the first quarter, for the trailing 12-month period ended March 31,
2017, down from 4.1% in the same period a year ago, and from 4.5%
at the end of the prior quarter, the rating agency says in its
latest global default report.

The default rate declined as the commodity sector recovered against
a backdrop of stable global growth and favorable conditions for
companies seeking access to financing.

Moody's expects the global speculative-grade default rate to drop
to 2.5% by the end of the year. In the US, the default rate is
forecast to drop to 3% from its current rate of 4.7%, and in Europe
it will fall to 2% from 2.5%.

"In the US, the retail sector is set to become the most troubled
sector," said Sharon Ou, a Moody's Vice President and Senior Credit
Officer. "This forecast is supported by the rising share of
distressed issuers in the sector, which now stands at nearly 14%
and has reached the highest level since the Great Recession."

Twenty one Moody's-rated issuers defaulted in the first quarter,
ten of which were in the oil & gas sector. By comparison, there
were 41 defaults in the same period of last year with two thirds of
them being in the commodity sector.

Meanwhile, in the leveraged loan market, Moody's recorded nine
defaults in the first quarter, four of which were in the US. The
issuer-weighted US loan default rate ended the first quarter at
1.9%, down from 2.8% from the prior quarter. The rate was higher at
3.2% in the first quarter of 2016.


[^] BOOK REVIEW: The Sorcerer's Apprentice - Medical Miracles
-------------------------------------------------------------
Author:     Sallie Tisdale
Publisher:  BeardBooks
Softcover:  270 pages
List Price: $34.95
Review by Henry Berry
Order your own personal copy at http://is.gd/9SAfJR

An earlier edition of "The Sorcerer's Apprentice" won an American
Health Book Award in 1986. The book has been recognized as an
outstanding book on popular science. Tisdale brings to her subject
of the wide nd engrossing field of health and illness the
perspective, as well as the special sympathies and sensitivities,
of a registered nurse. She is an exceptionally skilled writer.
Again and again, her descriptions of ill individuals and images of
illnesses such as cancer and meningitis make a lasting impression.
Tisdale accomplishes the tricky business of bringing the reader to
an understanding of what persons experience when they are ill; and
in doing this, to understand more about the nature of illness as
well. Her style and aim as a writer are like that of a medical or
science journalist for leading major newspaper, say the "New York
Times" or "Los Angeles Times." To this informative, readable style
is added the probing interest and concern of the philosopher
trying to shed some light on one of the central and most
unsettling aspects of human existence. In this insightful,
illuminating, probing exploration of the mystery of illness,
Tisdale also outlines the limits of the effectiveness of
treatments and cures, even with modern medicine's store of
technology and drugs. These are often called "miracles" of modern
medicine. But from this author's perspective, with the most
serious, life-threatening, illnesses, doctors and other health-
care professionals are like sorcerer's trying to work magic on
them. They hope to bring improvement, but can never be sure what
they do will bring it about. Tisdale's intent is not to debunk
modern medicine, belittle its resources and ways, or suggest that
the medical profession holds out false hopes. Her intent is do
report on the mystery of serious illness as she has witnessed it
and from this, imagined what it is like in her varied work as a
registered nurse. She also writes from her own experiences in
being chronically ill when she was younger and the pain and
surgery going with this.

She writes, "I want to get at the reasons for the strange state of
amnesia we in the health professions find ourselves in. I want to
find clues to my weird experiences, try to sense the nature of
being sick." The amnesia of health professionals is their state of
mind from the demands placed on them all the time by patients,
employers, and society, as well as themselves, to cure illness, to
save lives, to make sick people feel better. Doctors, surgeons,
nurses, and other health-care professionals become primarily
technicians applying the wonders of modern medicine. Because of
the volume of patients, they do not get to spend much time with
any one or a few of them. It's all they can do to apply the
prescribed treatment, apply more of it if it doesn't work the
first time, and try something else if this treatment doesn't seem
to be effective. Added to this is keeping up with the new medical
studies and treatments. But Tisdale stepped out of this problem-
solving outlook, can-do, perfectionist mentality by opting to
spend most of her time in nursing homes, where she would be among
old persons she would see regularly, away from the high-charged
atmosphere of a hospital with its "many medical students,
technicians, administrators, and insurance review artists." To
stay on her "medical toes," she balanced this with working
occasional shifts in a nearby hospital. In her hospital work, she
worked in a neonatal intensive care unit (NICU), intensive care
unit (ICU), a burn center, and in a surgery room. From this
combination of work with the infirm, ill, and the latest medical
technology and procedures among highly-skilled professionals,
Tisdale learned that "being sick is the strangest of states." This
is not the lesson nearly all other health-care workers come away
with. For them, sick persons are like something that has to be
"fixed." They're focused on the practical, physical matter of
treating a malady. Unlike this author, they're not focused
consciously on the nature of pain and what the patient is
experiencing. The pragmatic, results-oriented medical profession
is focused on the effects of treatment. Tisdale brings into the
picture of health care and seriously-ill patients all of what the
medical profession in its amnesia, as she called it, overlooks.

Simply in describing what she observes, Tisdale leads those in the
medical profession as well as other interested readers to see what
they normally overlook, what they normally do not see in the
business and pressures of their work. She describes the beginning
of a hip-replacement operation, the surgeon "takes the scalpel and
cuts--the top of the hip to a third of the way down the thigh--and
cuts again through the globular yellow fat, and deeper. The
resident follows with a cautery, holding tiny spraying blood
vessels and burning them shut with an electric current. One small,
throbbing arteriole escapes, and his glasses and cheek are
splattered." One learns more about what is actually going on in an
operation from this and following passages than from seeing one of
those glimpses of operations commonly shown on TV. The author
explains the illness of meningitis, "The brain becomes swollen
with blood and tissue fluid, its entire surface layered with
pus...The pressure in the skull increases until the winding
convolutions of the brain are flattened out...The spreading
infection and pressure from the growing turbulent ocean sitting on
top of the brain cause permanent weakness and paralysis,
blindness, deafness...." This dramatic depiction of meningitis
brings together medical facts, symptoms, and effects on the
patient. Tisdale does this repeatedly to present illness and the
persons whose lives revolve around it from patients and relatives
to doctors and nurses in a light readers could never imagine, even
those who are immersed in this world.

Tisdale's main point is that the miracles of modern medicine do
not unquestionably end the miseries of illness, or even
unquestionably alleviate them. As much as they bring some relief
to ill individuals and sometimes cure illness, in many cases they
bring on other kinds of pains and sorrows. Tisdale reminds readers
that the mystery of illness does, and always will, elude the
miracle of medical technology, drugs, and practices. Part of the
mystery of the paradoxes of treatment and the elusiveness of
restored health for ill persons she focuses on is "simply the
mystery of illness. Erosion, obviously, is natural. Our bodies are
essentially entropic." This is what many persons, both among the
public and medical professionals, tend to forget. "The Sorcerer's
Apprentice" serves as a reminder that the faith and hope placed in
modern medicine need to be balanced with an awareness of the
mystery of illness which will always be a part of human life.


                            *********

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