TCR_Public/170823.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Wednesday, August 23, 2017, Vol. 21, No. 234

                            Headlines

1657 LLC: U.S. Trustee Unable to Appoint Committee
2020 PITKIN REALTY: AML West Buying Brooklyn Property for $450K
AIR BERLIN: Wins TRO vs. Creditors' Actions in the United States
ALTA MESA: Incurs $15.3 Million Net Loss in Second Quarter
ALTA MESA: Inks Deal to Merge With Silver Run & Kingfisher

AMERICAN CONTAINER: Leaf Capital to be Paid Over 5 Yrs. at 5%
ANDERSON UNIVERSITY: Fitch Rates 2017 $35.7MM Revenue Bonds 'BB'
APOLLO ENDOSURGERY: Stonepine Has 13.7% Stake as of Aug. 11
AVAYA INC: November 2017 Trial Set in Axis Patent Litigation
AYTU BIOSCIENCE: Closes $11.8 Million Private Placement

BAYWAY HAND: Trustee Hires All Environmental as Consultant
BIOSCRIP INC: Coliseum Capital Mgt. Has 16.5% Stake as of Aug. 17
BREITBURN ENERGY: Court Disallows D. Cooley's Claims
BRINKER INT'L: Fitch Affirms BB+ IDR & Revises Outlook to Negative
C HARRIS PROPERTIES: Morrow Buying Morton Property for $65K

CAMBRIDGE REALTY: Kogan Buying Wall Property for $1.8M
COMMERCIAL BARGE: Moody's Lowers CFR to B3; Outlook Remains Neg.
COWBOYS FAR: Plan Confirmation Hearing on Aug. 30
CRCH LLC: Case Summary & 13 Largest Unsecured Creditors
CROFCHICK REALTY: To Pay Creditors From Operating Income

DANA HOLDING: Notes Redemption Plan No Impact on Moody's Ba3 CFR
DELCATH SYSTEMS: Alto Opportunity et al No Longer Shareholders
ECLIPSE RESOURCES: Extends CEO's Contract by Three Years
ECOARK HOLDINGS: Sees Potential for Acquisitions and Divestitures
ENERGY FUTURE: Sempra Energy to Buy Business for $9.45 Billion

EXCO RESOURCES: Receives NYSE Listing Non-Compliance Notice
FCBM LLC: U.S. Trustee Unable to Appoint Committee
FIELDPOINT PETROLEUM: Total Q2 Revenues Increased to $900K
FINJAN HOLDINGS: Has $40 Million Current Cash as of June 30
FIRST NBC: DebtX Sets Bid Dates for $1.1 Billion Sale Of Loans

FORD STEEL: Voluntary Chapter 11 Case Summary
FOREVERGREEN WORLDWIDE: Incurs $696,000 Net loss in 2nd Quarter
FOUNDATION HEALTHCARE: Recovery for Unsecureds Unknown Under Plan
GERARD BOEH: U.S. Trustee Unable to Appoint Committee
GIBSON BRANDS: Moody's Cuts CFR to Caa3; Outlook Negative

GLENN RICHARD UNDERWOOD: Court Dismisses Bankruptcy Appeal as Moot
GLYECO INC: Wynnefield Hikes Equity Stake to 30.5% as of Aug. 14
GUIDED THERAPEUTICS: Reports $1.13 Million Net Loss for 2nd Quarter
H.C. JEFFRIES: Voluntary Chapter 11 Case Summary
HCR MANORCARE: QCP Initiates Legal Process to Appoint Receiver

HOUSE OF PRAYER: Plan Filing Deadline Extended to Oct. 12
HOUSTON AMERICAN: Will Pursue Acquisitions in the Del/Midland Basin
ICAGEN INC: Incurs $1.91 Million Net Loss in Second Quarter
INTERNET BRANDS: Term Loan Upsize No Impact on Moody's B3 CFR
IPALCO ENTERPRISE: Fitch Rates $405MM Senior Secured Notes BB+

ITUS CORP: Former CEO Will Get $300,000 in Severance Payments
LEHMAN BROTHERS: Trustee Provides Update on Liquidation
LPL HOLDINGS: Moody's Affirms Ba3 CFR & Ba2 Sec. Loans Rating
MARGARET ANNA: Unsecureds to Recoup 100% in Quarterly Payments
MARINA BIOTECH: Modifies Development Agreement with Windlas

MERITOR INC: Announcement to Call Notes Credit Pos., Moody's Says
MGIC INVESTMENT: Moody's Hikes Senior Debt Rating to Ba2
MICHAEL BROTHERS: Unsecureds to Get 5% Dividend Within 5 Yrs.
MICHAEL DOMBROWSKI: Sale of Atlanta Home for $121K Approved
MISSIONARY ASSEMBLY: Taps Blackstone Environmental as Consultant

MONDO WINE: Disclosures OK'd; Plan Confirmation Hearing on Nov. 8
MOTORS LIQUIDATION: Proposes New Settlement Agreement with New GM
MRI INTERVENTIONS: Two Directors Resign From Board
MRI INTERVENTIONS: Will Hold 2017 Annual Meeting on Oct. 3
MSAMN CORP: U.S. Trustee Unable to Appoint Committee

NEONODE INC: Peter Lindell Reports 5.97% Stake as of Aug. 8
NEONODE INC: Ulf Rosberg Has 5.97% Stake as of Aug. 8
NORTHWEST GOLD: Unsecureds to be Paid from Tailings Sale Proceeds
PALMETTO'S SMOKE: Sept. 14 Plan Confirmation Hearing
PAYLESS INC: Moody's Assigns Caa1 CFR Amid Bankruptcy Emergence

PENINSULA AIRWAYS: U.S. Trustee Forms 5-Member Committee
PFO GLOBAL: Trustee Selling Assets by Auction
PITTSBURGH PROPERTY: U.S. Trustee Unable to Appoint Committee
PLATINUM PARTNERS: Intermediate Fund Files Chapter 15 Petition
PREMIER MARINE: Taps GuideSource to Prepare 2016 Tax Returns

PROMOMANAGERS INC: Sale of Assets to G4 Holdings for $79K Approved
RELIANT MEDICAL: Moody's Assigns Ba2 Issuer Rating; Outlook Stable
RENNOVA HEALTH: Nasdaq Rejects Plan to Regain Compliance
RO & SONS: S. Retzloff to Get $51 Per Month for 6 Yrs., with 3%
ROKA BIOSCIENCE: Agrees to Sell Assets to EIH Subsidiary

ROOT9B HOLDINGS: Chairman 'Disappointed' With Foreclosure Notice
ROXANNE DURHAM: Sale of Brooklyn Property Conditionally Approved
RUPARI HOLDING: Roma's Request Annulling Automatic Stay Granted
RXI PHARMACEUTICALS: Registers 7.3 Million Shares for Resale
SABRE INDUSTRIES: Moody's Hikes CFR to Caa1; Outlook Stable

SEANERGY MARITIME: Will Hold an Annual Meeting on Sept. 27
SENIOR CARE GROUP: U.S. Trustee Forms 5-Member Committee
SPECTRUM TOOL: J. Hartman Liable for Failing to Remit Payroll Taxes
STEPHEN MOFFITT: Moffitt Buying Johnson Properties for $257K
SYNIVERSE HOLDINGS: Moody's Alters Ratings Outlook to Stable

SYU SING: Voluntary Chapter 11 Case Summary
T.C. RENFROW: Taps Richard A. Roome as Accountant
TELEXFREE LLC: Ch.11 Trustee Taps Blue to Green Realty as Broker
TEXAS RHH: Voluntary Chapter 11 Case Summary
THOMAS NICOL: Voluntary Chapter 11 Case Summary

TOSHIBA CORP: Treading on Thin Ice, Leiko Tells Clients
TRACY CLEMENT: Pichelmans Buying Lake City Property for $675K
TRANSOCEAN INC: Fitch Affirms B+ Long-Term IDR; Outlook Negative
TRINITY 83: Unsecureds to Recover 100% in 3 Years
UNIQUE MOTORSPORTS: Taps Lynn A. Gross as Accountant

USAE LLC: Case Summary & 20 Largest Unsecured Creditors
VANGUARD HEALTHCARE: Whitehall OpCo Selling All Assets for $26M
VENOCO LLC: Court Approves Ernst & Young as Tax Provider
WALTER INVESTMENT: Falls Short of NYSE's Market Capitalization Rule
WALTER INVESTMENT: Receives NYSE Continued Listing Standard Notice

WELLMAN DYNAMICS: Amended Docs on Assets Sale Due Aug. 25
WESCO AIRCRAFT: Moody's Lowers CFR to B2; Outlook Negative
WEST WINDOWS: Unsecureds to Recoup 19.14% Under Plan
YIELD10 BIOSCIENCE: Has Resale Prospectus of 570,784 Shares

                            *********

1657 LLC: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of 1657 LLC as of August 18,
according to a court docket.

1657 LLC sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. W.D. Wash. Case No. 17-13110) on July 13, 2017.  Jerry
Walker, Esq., at Alan S. Donaldson PLLC, represents the Debtor as
bankruptcy counsel.


2020 PITKIN REALTY: AML West Buying Brooklyn Property for $450K
---------------------------------------------------------------
Judge Elizabeth S. Stong of the U.S. Bankruptcy Court for the
Eastern District of New York will convene a hearing on Sept. 8,
2017, 3:30 p.m., to consider 2200 Pitkin Realty, LLC's private sale
of its sole asset, real property located at 2200 Pitkin Avenue,
Brooklyn, New York, to AML West 36st Realty, LLC, for $450,000.

The Property has three commercial and three residential units.  The
tenants' payment yields the Debtor $6,650 per month.  Due to the
non-paying tenants, the Property ended up in a foreclosure action
pending in the Kings County Supreme Court titled Bayview Loan
Servicing, LLC v. 2200 Pitkin Realty LLC, et al., Index N0.
500312/2012, where a judgment was entered.  The auction and sale of
the Property was stayed by the Chapter 11 filing.

The Property has an approximate fair market value of $755,000 based
upon recent appraisal and has a first priority secured Mortgage and
Security Agreement, in the approximate outstanding amount, subject
to certain dispute on amount, of $1,218,633 held by Bayview Loan
Servicing.

On June 13, 2017, Bayview informed the office of undersigned that
the subject Mortgage is eligible for a potential discounted
settlement.  It further informed that if the Debtor is willing to
pursue this option, it will be structured as a short sale.  Since
June 13, 2017, the Debtor has been soliciting offers from potential
buyers.  From these solicitations, it received indications of
interest from a related party, the Purchaser.  The negotiation with
the Purchaser progressed to the point of a Residential Contract of
Sale.

On July 24, 2017, the Debtor sent a proposal for a Discounted
Payoff of the mortgage in the amount of $415,000 with a Contract of
Sale of the Property to the Purchaser.  Bayview sent its own BPO
agent Christopher King of Joseph T. King Real Estate, Inc. at the
Property to conduct an appraisal.  On Aug. 2, 2017, Bayview
approved a Discounted Payoff in the amount of $480,000.  On Aug. 8,
2017, the Debtor counter offered with a Contract of Sale in the
amount of $450,000.  On Aug. 9, 2017, Bayview approved the Debtor
for a Discounted Payoff in the amount of $450,000.

The Debtor, in order to satisfy all of its debts in full is seeking
to sell the Property.  It has agreed to sell the property free and
clear of all liens, claims, encumbrances and other interests.  The
Sale transaction, however, is subject to and conditioned upon the
Court's approval.

The Debtor believes that conducting the sale through a private sale
is in the best interest of the estate rather than conducting the
sale through an auction.  It does not believe an auction would
generate higher or better offers or provide any other benefit to
its creditors.  Moreover, additional and substantial costs
associated with a competitive bidding process would not likely be
sufficient to justify a sale auction.  The Debtor believes that the
necessity of bringing this case to a close and satisfying its debt
in a timely manner dictate that a private sale be approved.

It is submitted that the Property is a commercial property.  The
Debtor and the Purchaser are related parties.  Magdaleno Lopez, the
100% equity holder of the Purchaser is related to Andres Lopez who
is a 100% equity holder of the Debtor. The transaction was
negotiated in good faith.

On Aug. 8, 2017, the Debtor and Purchaser executed a contract for
the sale of the Property.  Pursuant to the Contract of Sale,
Purchaser will acquire, and the Debtor will convey to the Purchaser
all of the right, title and interest that Debtor possesses as of
the closing in and to Property, free and clear of all liens and
liabilities.  In consideration of the sale of the Property covered
by the Contract of Sale, Purchaser will pay the Purchase Price of
$450,000.  The other Creditors, National Grid and the NYC Water
Board, will be paid by the Purchaser at closing.

The Debtor proposes to distribute the proceeds of the sale, in the
total amount of $450,000 to Bayview Loan Servicing pursuant to
Discounted Payoff.

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

     http://bankrupt.com/misc/2200_Pitkin_44_Sales.pdf

The Purchaser can be reached at:

          AML WEST 36ST REALTY, LLC
          2830 W36 Street
          Brooklyn, NY 11224

The Secured Lender can be reached at:

          BAYVIEW LOAN SERVICING, LLC
          4425 Ponce de Leon Blvd., 5th Floor
          Coral Gables, FL 33146

                    About 2200 Pitkin Realty

2200 Pitkin Realty LLC, a single asset real estate, is the owner of
real property known as and located at 2200 Pitkin Avenue, Brooklyn,
New York.

2200 Pitkin Realty sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D.N.Y. Case No. 17-40082) on Jan. 9,
2017.  The petition was signed by Andres Lopez, owner.

The case is assigned to Judge Nancy Hershey Lord.

Rashmi Attri, Esq., at E. Waters & Associates, P.C., serves as the
Debtor's legal counsel.


AIR BERLIN: Wins TRO vs. Creditors' Actions in the United States
----------------------------------------------------------------
Representatives of Air Berlin PLC & Co. Luftverkehrs KG, which
commenced insolvency proceedings in Germany, won a temporary
restraining order granting the airline provisional relief,
restraining creditors from seizing, attaching and/or enforcing or
executing liens, judgments, assessments or awards against the
Debtor's property in the United States.

The U.S. Bankruptcy Court for the Southern District of New York
will convene a hearing to consider granting the Debtor a
preliminary injunction on Aug. 28, 2017, at 3:00 p.m.(prevailing
New York time).  The U.S. Court will also convene a hearing on
Sept. 18, 2017, at 11:00 a.m. (prevailing New York time), to
consider the petition of Air Berlin for recognition of the German
proceedings as foreign main proceeding.

On Aug. 15, 2017, the Debtor applied to the Local District Court of
Berlin-Charlottenburg, Insolvency Court for commencement of an
insolvency proceeding known in Germany as Vorlaufiges
Insolvenzverfahren under the German Insolvency Code.  On the same
day, the German Court opened preliminary insolvency proceedings
permitting the Debtor to proceed as a debtor-in-possession,
appointed a preliminary custodian to oversee the Debtor during the
preliminary insolvency proceedings, and prohibited any new, and
stayed any pending, enforcement actions against the Debtor's
movable assets.

However, no stay applies to the Debtor's assets in the United
States upon commencement of this Chapter 15 case until the Court
grants recognition of the Foreign Representatives' Petition.  In
addition, while the Debtor, as a debtor-in-possession, retains full
authority to administer its assets in the ordinary course of
business, its right to administer its assets in the United States
prior to formal recognition of the Foreign Main Proceeding as a
"foreign main proceeding" is uncertain as a matter of U.S. law.

Accordingly, Thomas Winkelmann and Frank Kebekus, as foreign
representatives of Air Berlin, sought and obtained from the U.S.
Court provisional pending the U.S. Court's entry of the Foreign
Representatives' proposed order recognizing the Foreign Main
Proceeding in Germany as a "foreign main proceeding" within the
meaning of Section 1517 of the Bankruptcy Code.  The provisional
relief -- the TRO -- granted to Air Berlin provides that continuing
through and including August 28, 2017, and except as may otherwise
be ordered by further Court order:

    (a) the Foreign Representatives are entrusted with the
administration or realization of all of the Debtor's assets in the
United States;

    (b) all persons and entities are temporarily restrained from
seizing, attaching and/or enforcing or executing liens, judgments,
assessments or awards against the Debtor's property in the United
States and from commencing, continuing or issuing or employing
process in connection with, any judicial, administrative or other
action or proceeding against the Debtor or its assets in the United
States;

    (c) all persons and entities who are within the territorial
jurisdiction of the United States are temporarily restrained from
terminating any contractual or other rights with respect to the
Debtor's assets or agreements; and

    (d) Section 365(e) of the Bankruptcy Code shall apply with
respect to the executory contracts and unexpired leases of the
Debtors within the jurisdiction of the United States.  Nothing
shall stay the exercise of rights that are not subject to stay by
virtue of the terms of sections 362(b)(6), 362(b).

In seeking provisional relief, Frank Kebekus, the CRO, explained
that the Debtor's United States business is critical to its overall
global operations.  Air Berlin operates flights from Berlin and
Dusseldorf to eight cities in the United States -- Chicago, New
York, Boston, Los Angeles, San Francisco, Miami, Fort Myers, and
Orlando. Between April and July 2017, the Debtor operated
approximately 400 to 700 flights into and out of the United States
on a monthly basis, carrying between 100,000 to 160,000 passengers
per month, and generating net monthly revenue of between EUR30 to
EUR60 million.  The Debtor's United States business makes up
between 15% and 25% of the Debtor's total monthly revenues.

In connection with its operations in those U.S. airports, Air
Berlin has agreements with U.S.-based companies to lease space at
these airports, as well as to perform services such as ground
handling, aircraft maintenance, fuel supply, and ticket services.
Air Berlin also has an Intercompany Services Agreement with Air
Berlin Americas, Inc. ("ABA").

Under this agreement, ABA performs marketing and sales services for
Air Berlin in the United States.  Performance under the
Intercompany Services Agreement is the sole purpose of ABA and it
has employees in the United States in furtherance of this end.

Mr. Kebekus adds that maintenance of Air Berlin's United States
business is critical to the Debtor's continued global business
operations.  Any attempt by creditors to seize -- or interfere with
-- these assets, including terminating contracts, would harm the
Debtor's revenues and disrupt its flight schedules and operations.
Like other major airlines, the Debtor's global route system
requires precision in scheduling.  Thus, any error or delay in
scheduling such as that caused by creditors attempting to seize
assets would affect the Debtor's entire global system of flights.

According to Mr. Kebekus, the Debtor's businesses and assets
subsequent to commencement of the Insolvency Proceeding and the
Chapter 15 case are substantially exposed to adverse creditor
action pending entry of an order recognizing Insolvency Proceeding
as foreign main proceeding.  As with any major airline, the
Debtor's primary source of revenue is generated from use of its
aircraft.  Seizure of even one aircraft would harm the Debtor's
revenue, disrupt flight schedules and potentially cause customers
to turn to competitor airlines, thus destroying the Debtor's
goodwill.

Furthermore, if the Debtor's assets located in the United States
are left unprotected, creditors would be free to exercise remedies
against such assets, frustrating the Debtor's efforts and harming
the value of the Debtor's estate.  Indeed, using the Insolvency
Proceeding as pretext, the Debtor's business partners and contract
counterparties may impose more stringent credit terms, terminate
contracts, seek security deposits or take other actions adverse to
the Debtor's business.

The aim of the Insolvency Proceedings is to ensure the preservation
of Air Berlin's assets and the continuation of its economic
activity under the conditions and pursuant to the limitations
provided for by applicable laws.  To support the continuation of
Air Berlin's business during the pendency of the Foreign Main
Proceeding, the KfW IPEX-Bank -- a German government-owned
development bank -- has made bridge funding available to Air Berlin
pending the result of the Insolvency Proceeding in the amount of
EUR150 million.

A copy of the TRO is available at:

     http://bankrupt.com/misc/Air_Berlin_5_TRO.pdf

                         About Air Berlin

In operation since 1978, Air Berlin PLC & Co. Luftverkehrs KG is a
global airline carrier that is headquartered in Germany and is the
second largest airline in the country.

In 2016, Air Berlin operated 139 aircraft with flights to
destinations in Germany, Europe, and outside Europe, including the
United States, and provided passenger service to 28.9 million
passengers.  Within the first seven months of 2017, the Debtor
carried approximately 13.8 million passengers.  It employs
approximately 8,481 employees.  Air Berlin is a member of the
Oneworld alliance, participating with other member airlines in
issuing tickets, code-share flights, mileage programs, and other
similar services.

Air Berlin has racked up losses of about EUR2 billion over the past
six years, and has net debt of EUR1.2 billion.

On Aug. 15, 2017, Air Berlin applied to the Local District Court of
Berlin-Charlottenburg, Insolvency Court for commencement of an
insolvency proceeding.  On the same day, the German Court opened
preliminary insolvency proceedings permitting the Debtor to proceed
as a debtor-in-possession, appointed a preliminary custodian to
oversee the Debtor during the preliminary insolvency proceedings,
and prohibited any new, and stayed any pending, enforcement actions
against the Debtor's movable assets.

To seek recognition of the German proceedings, representatives of
Air Berlin filed a Chapter 15 petition (Bankr. S.D.N.Y. Case No.
17-12282) on Aug. 18, 2017.  The Hon. Michael E. Wiles is the case
judge.  Thomas Winkelmann and Frank Kebekus, as foreign
representatives, signed the petition.  Madlyn Gleich Primoff, Esq.,
at Freshfields Bruckhaus Deringer US LLP, is serving as counsel in
the U.S. case.


ALTA MESA: Incurs $15.3 Million Net Loss in Second Quarter
----------------------------------------------------------
Alta Mesa Holdings, LP, filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q reporting a net loss
of $15.31 million on $75.36 million of total operating revenues for
the three months ended June 30, 2017, compared to a net loss of
$70.23 million on $53.82 million of total operating revenues for
the same period during the prior year.

For the six months ended June 30, 2017, the Company reported net
income of $9.60 million on $155.13 million of total operating
revenues compared to a net loss of $94.39 million on $91.99 million
of total operating revenues for the six months ended June 30,
2016.

As of June 30, 2017, Alta Mesa had $957 million in total assets,
$915.29 million in total liabilities and $41.70 million in
partners' capital.

"Our 2017 capital budget is primarily focused on the development of
our STACK play.  Currently, we plan to spend approximately $290
million in 2017, which includes acquisitions, of which over 95% is
allocated to develop our STACK properties.  Additionally, we
anticipate that up to an additional $101 million will be funded for
2017 drilling and completions activity in the STACK by BCE pursuant
to our joint development agreement.  We have expended approximately
$158.1 million of our capital budget through June 30, 2017.  Our
future drilling plans, plans of our drilling operators and capital
budgets are subject to change based upon various factors, some of
which are beyond our control, including the consummation of the
transactions under the Contribution Agreement, drilling results,
oil, natural gas and natural gas liquids prices, the availability
and cost of capital, drilling and production costs, availability of
drilling services and equipment, actions of our operators,
gathering system and pipeline transportation constraints and
regulatory approvals.  A deferral of planned capital expenditures,
particularly with respect to drilling and completing new wells,
could result in a reduction in anticipated production, revenues and
cash flows.  Additionally, if we curtail our drilling program, we
may lose a portion of our acreage through lease expirations.
However, because a large percentage of our acreage is held by
production, we have the ability to materially increase or decrease
our drilling and recompletion budget in response to market
conditions with decreased risk of losing significant acreage.  In
addition, we may be required to reclassify some portion of our
reserves currently booked as proved undeveloped reserves to no
longer be proved reserves if such a deferral of planned capital
expenditures means we will be unable to develop such reserves
within five years of their initial booking.

"We expect to fund our 2017 capital budget predominantly with cash
flows from operations, drilling and completion capital funded
through our joint development agreement with BCE, capital
contribution from RS Contributor and borrowings under our senior
secured revolving credit facility.  If necessary, we may also
access capital through proceeds from potential asset dispositions
and the future issuances of debt and/or equity securities, subject
to the distribution of proceeds therefrom as set forth in our
partnership agreement.  We strive to maintain financial flexibility
and may access capital markets as necessary to facilitate drilling
on our large undeveloped acreage position and permit us to
selectively expand our acreage position. In the event our cash
flows are materially less than anticipated and other sources of
capital we historically have utilized are not available on
acceptable terms, we may curtail our capital spending.

"As we execute our business strategy, we will continually monitor
the capital resources available to meet future financial
obligations and planned capital expenditures.  We believe our cash
flows provided by operating activities, cash on hand and
availability under our senior secured revolving credit facility
will provide us with the financial flexibility and wherewithal to
meet our cash requirements, including normal operating needs, and
to pursue our currently planned 2017 development drilling
activities.  However, future cash flows are subject to a number of
variables, including the level of oil, natural gas and natural gas
liquids production and prices, and significant additional capital
expenditures will be required to more fully develop our properties
and acquire additional properties.  We cannot make assurances that
operational and other needed capital will be available on
acceptable terms, or at all."

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

                       https://is.gd/9dG8Ds

                          About Alta Mesa

Headquartered in Houston, Texas, Alta Mesa Holdings, LP, is a
privately held company engaged primarily in onshore oil and natural
gas acquisition, exploitation, exploration and production whose
focus is to maximize the profitability of its assets in a safe and
environmentally sound manner.  The Company seeks to maintain a
portfolio of lower risk properties in plays with known resources
where the Company identifies a large inventory of lower risk
drilling, development, and enhanced recovery and exploitation
opportunities.  The Company maximizes the profitability of its
assets by focusing on sound engineering, enhanced geological
techniques including 3-D seismic analysis, and proven drilling,
stimulation, completion, and production methods.

Alta Mesa reported a net loss of $167.9 million on $173.8 million
of total operating revenues and other for the year ended Dec. 31,
2016, compared with a net loss of $131.79 million on $433.9 million
of total operating revenues and other for the year ended Dec. 31,
2015.

                         *     *     *

As reported by the TCR on Jan. 16, 2017, Moody's Investors Service
upgraded Alta Mesa Holdings' Corporate Family Rating (CFR) to 'B3'
from 'Caa2' and Probability of Default Rating (PDR) to 'B3-PD' from
'Caa2-PD'.  "The upgrade reflects Alta Mesa's substantially
improved capital structure that will support its projected strong
production and reserves growth through 2018 in Oklahoma's STACK
play," commented Sajjad Alam, Moody's senior analyst.

In December 2016, S&P Global Ratings said that it raised its
corporate credit rating on Alta Mesa Holdings to 'B-' from 'CCC+'.
"The upgrade follows Alta Mesa's announcement that it used the
proceeds from a recent preferred equity issuance to pay down its
second-lien debt and repay part of the revolving credit facility,"
said S&P Global Ratings' credit analyst Daniel Krauss.


ALTA MESA: Inks Deal to Merge With Silver Run & Kingfisher
----------------------------------------------------------
Silver Run Acquisition Corporation II announced that, subject to
certain conditions, it has entered into definitive agreements to
combine with Alta Mesa Holdings, LP and Kingfisher Midstream, LLC.


Founded in 1987 by Michael E. Ellis and based in Houston, Texas,
Alta Mesa is a pure-play exploration and production company focused
on the prolific STACK play in the Anadarko Basin.  With
approximately 120,000 contiguous net acres and about 4,200 gross
identified drilling locations, Alta Mesa is among the largest and
most active operators in the STACK.  Since 2012, Alta Mesa has
drilled to total-depth 205 STACK horizontal wells, in order to
further delineate and de-risk its approximate 300 square mile
position in the up-dip oil window of the STACK.  To date, Alta Mesa
has completed 173 of these wells, with 167 on production. Based
upon production through the second quarter of 2017, Alta Mesa
expects EURs at year end to exceed 650 MBOE per well or
approximately 140 BOE per foot of lateral.

Kingfisher Midstream is a private midstream company with a leading
position in the STACK play, with Alta Mesa serving as its anchor
producer.  Kingfisher's assets include over 300 miles of pipeline,
50 thousand barrels of crude storage capacity, and 60 MMcf/d of gas
processing capacity with an additional 200 MMcf/d cryogenic plant
expansion expected to commence operations in the fourth quarter of
2017.  With approximately 300,000 gross dedicated acres from Alta
Mesa and five other third party customers, Kingfisher is uniquely
positioned to capitalize on the increasing development activity in
the STACK.

At consummation of the transaction, Silver Run II is expected to be
renamed Alta Mesa Resources, Inc. and trade on the NASDAQ stock
exchange under the ticker symbol "AMR".  James T. Hackett, chairman
and chief executive officer of Silver Run II, will serve as
executive chairman following the consummation of the business
combination, while Harlan H. Chappelle, Michael E. Ellis, and
Michael A. McCabe will continue as chief executive officer, chief
operating officer, and chief financial officer of Alta Mesa
Resources, Inc., respectively.

Mr. Hackett commented, "We formed Silver Run II with the objective
of acquiring low-breakeven, stacked-pay, oil-weighted assets,
preferably with an integrated related midstream platform.  The
combination of Alta Mesa and Kingfisher is a perfect strategic
match for our desired integrated platform.  Alta Mesa's highly
contiguous core acreage position in Northeast Kingfisher County has
among the lowest breakevens in the U.S. at around $25 per barrel.
Kingfisher adds a highly strategic and synergistic midstream
subsidiary with significant additional third party growth
potential.  We are excited about the possibilities for the combined
company, including a potential future midstream IPO. Importantly,
the current owners of Alta Mesa and Kingfisher are investing
alongside Silver Run II's stockholders by committing to hold
significant amounts of equity in the combined company.  I am very
excited about the opportunity to work alongside Hal Chappelle, Mike
Ellis, Mike McCabe and the Alta Mesa team in this pure-play STACK
upstream and midstream company.  It is the first of its kind in the
public markets, and we believe it creates significant advantages
for both organic and inorganic growth for our stockholders."

Mr. Chappelle stated, "We see this as a tremendous way to continue
our evolution as a low-cost, high-value producer in the STACK.  We
have been fortunate to have strong financial partners in HPS
Investment Partners and Bayou City Energy during a pivotal stage of
growth, and we are well-positioned for this next stage.  Mike Ellis
and I are excited about the opportunity to work with Jim Hackett,
Silver Run II, and Riverstone to continue building a great
enterprise.  Kingfisher Midstream is a creative addition, as it has
been an important factor in our growth, providing effective
gathering, efficient processing, and assurance that our production
will continue to flow as the activity in the basin expands."

Zach Lee, chief executive officer of ARM Energy Holdings, LLC, the
operator of Kingfisher's assets and an equity owner of Kingfisher,
noted, "We are very pleased by the success that Kingfisher has
garnered.  ARM's downstream intelligence and in-depth fundamentals
analysis identified the STACK play early as a rapidly growing
region in need of midstream infrastructure and proactively solved
for a takeaway solution for its producer partners, chief among them
Alta Mesa as one of the most active and successful drillers in the
play.  We have experienced firsthand the production growth Alta
Mesa has been able to achieve and are pleased to be a shareholder
and continue our partnership with our existing financial partner,
HPS Investment Partners, as well as Silver Run II, Riverstone, and
Alta Mesa."

Alta Mesa Resources will have an aggregate market capitalization of
approximately $3.8 billion.  At $10.00 per share, the combined
company would represent a valuation of 7.1x FV/2018E EBITDA.  Alta
Mesa would represent 6.1x FV/2018E EBITDA, and Kingfisher would
represent 7.3x FV/2018E EBITDA. Riverstone and Alta Mesa management
will collectively own a significant portion of the combined
company, representing approximately 34% of the pro-forma market
capitalization.

The transaction is subject to the approval of Silver Run II
stockholders and the satisfaction or waiver of other customary
closing conditions, including the expiration or termination of
applicable waiting periods under the Hart-Scott-Rodino Antitrust
Improvements Act of 1976.  The transaction is expected to close in
the fourth quarter of 2017.

Advisors

Citigroup acted as capital markets advisor to Silver Run II, Tudor,
Pickering, Holt & Co. acted as financial advisor to Silver Run II,
and Latham & Watkins LLP acted as its legal counsel.

Citigroup acted as sole financial advisor and lead capital markets
advisor to Alta Mesa.  Goldman Sachs and Morgan Stanley also acted
as capital markets advisors to Alta Mesa.  Haynes & Boone LLP acted
as legal advisor to Alta Mesa.

JP Morgan served as lead financial advisor and Barclays acted as
co-financial advisor to Kingfisher.  Bracewell LLP acted as legal
advisor to HPS Investment Partners and Kingfisher, Durham, Jones &
Pinegar acted as legal advisor to ARM and Kirkland & Ellis LLP
represented Bayou City Energy.

            About Silver Run Acquisition Corporation II

Silver Run Acquisition Corporation II is an energy-focused special
purpose acquisition company formed by Riverstone Holdings LLC  for
the purpose of entering into a merger, capital stock exchange,
asset acquisition, stock purchase, reorganization or similar
business combination with one or more businesses.  The company's
strategy is to identify, acquire and, after its business
combination, build a company in the energy industry that
complements the experience of its management team and can benefit
from their operational experience and expertise.

                About Kingfisher Midstream, LLC

Kingfisher was formed by HPS Investment Partners and ARM to provide
midstream energy services, including crude oil gathering, gas
gathering and processing and marketing to producers of natural gas,
natural gas liquids, crude oil and condensate.

                 About ARM Energy Holdings, LCC

ARM Energy Holdings, LLC is a private, Delaware limited liability
company.  ARM is a producer services company operating in the
physical marketing, trading and midstream sectors.  Additionally,
ARM provides hedging advisory services to over 130 upstream
companies.

                About Riverstone Holdings, LLC

Riverstone Holdings LLC is an energy and power-focused private
investment firm founded in 2000 by David M. Leuschen and Pierre F.
Lapeyre, Jr. with over $37 billion of capital raised.  Riverstone
conducts buyout and growth capital investments in the exploration &
production, midstream, oilfield services, power, and renewable
sectors of the energy industry.  With offices in New York, London,
Houston, and Mexico City, Riverstone has committed over $35 billion
to more than 130 investments in North America, Latin America,
Europe, Africa, Asia, and Australia.

             About Bayou City Energy Management LLC

Bayou City Energy Management LLC is a private equity firm founded
in 2015 to focus on making investments in the North American
upstream oil and gas sector.  BCE targets privately negotiated
investments through two complementary strategies: providing buyout
and growth equity capital for operators with current production and
exploitable upside, and partnering with operators to provide
dedicated drilling capital in off-balance sheet structures.  The
BCE team, combined with the firm's Advisory Board and strategic
relationship with Argus Energy Managers, provides operators access
to expertise, capital, and trusted partnership.

                 About HPS Investment Partners, LLC

HPS Investment Partners, LLC a global investment firm with a focus
on non-investment grade credit.  Established in 2007, HPS has
approximately 100 investment professionals and over 200 total
employees, and is headquartered in New York with ten additional
offices globally.  HPS was originally formed as a unit of
Highbridge Capital Management, LLC, a subsidiary of J.P. Morgan
Asset Management, and formerly known as Highbridge Principal
Strategies, LLC. In March 2016, the principals of HPS acquired the
firm from J.P. Morgan, which retained Highbridge's hedge fund
strategies.  As of June 2017, HPS had approximately $41 billion of
assets under management and since inception has invested over $4
billion in the energy and power industries.

                        About Alta Mesa

Headquartered in Houston, Texas, Alta Mesa is a privately held
company engaged primarily in onshore oil and natural gas
acquisition, exploitation, exploration and production whose focus
is to maximize the profitability of its assets in a safe and
environmentally sound manner.  The Company seeks to maintain a
portfolio of lower risk properties in plays with known resources
where the Company identifies a large inventory of lower risk
drilling, development, and enhanced recovery and exploitation
opportunities.  The Company maximizes the profitability of its
assets by focusing on sound engineering, enhanced geological
techniques including 3-D seismic analysis, and proven drilling,
stimulation, completion, and production methods.

Alta Mesa reported a net loss of $167.9 million on $173.8 million
of total operating revenues and other for the year ended Dec. 31,
2016, compared with a net loss of $131.8 million on $433.9 million
of total operating revenues and other for the year ended Dec. 31,
2015.  

As of June 30, 2017, Alta Mesa had $957 million in total assets,
$915.3 million in total liabilities and $41.70 million in partners'
capital.

                           *    *    *

As reported by the TCR on Jan. 16, 2017, Moody's Investors Service
upgraded Alta Mesa Holdings, LP's Corporate Family Rating (CFR) to
'B3' from 'Caa2' and Probability of Default Rating (PDR) to 'B3-PD'
from 'Caa2-PD'.  "The upgrade reflects Alta Mesa's substantially
improved capital structure that will support its projected strong
production and reserves growth through 2018 in Oklahoma's STACK
play," commented Sajjad Alam, Moody's Senior Analyst.  "Through
equity infusion and a new bond offering in December 2016, Alta Mesa
has significantly reduced its financial leverage, interest expense
and refinancing risks while boosting liquidity."

In December 2016, S&P Global Ratings said that it raised its
corporate credit rating on Alta Mesa Holdings to 'B-' from 'CCC+'.
"The upgrade follows Alta Mesa's announcement that it used the
proceeds from a recent preferred equity issuance to pay down its
second-lien debt and repay part of the revolving credit facility,"
said S&P Global Ratings' credit analyst Daniel Krauss.


AMERICAN CONTAINER: Leaf Capital to be Paid Over 5 Yrs. at 5%
-------------------------------------------------------------
American Container, Inc., filed with the U.S. Bankruptcy Court for
the Western District of Tennessee an amended disclosure statement
dated Aug. 9, 2017, referring to the Debtor's plan of
reorganization.

Class 6 Prepetition Secured Claim of Leaf Capital Funding, LLC, is
secured by a duly perfected security interest in lighting equipment
located in the Debtor's industrial property.  This claim will be
paid based on the fair market value of the collateral to be
determined prior to the plan confirmation hearing in deferred
monthly installment payments amortized over 60 months at 5%
interest.  After completion of all the payments, the Debtor will
convey title in the collateral to D&D Packaging, Inc., or its
designee.  Class 6 is impaired.

Class 7 consists of the unpaid balance due to Renasant Bank on an
Small Business Administration guaranteed loan which is secured by a
first priority Deed of Trust and Assignment of Rents on Debtor's
real estate.  The Renasant Loan is guaranteed by David M. Harris,
Mary B. Harris, Randy H. McCormick, Steve M. Harris and Yolanda G.
Harris.  Renasant Bank has filed a secured claim in the amount of
$2,111,008.36.  The arrearages on the Renasant Loan total
approximately $232,850.

The Debtor will cure the arrearages on the SBA Guaranteed Loan on
or before the Effective Date of the Plan by means of direct cash
payment from D&D Packaging, Inc., in consideration of and pursuant
to a Lease Purchase Agreement between the Debtor and D&D for the
subject real estate.  Upon the cure of the arrearages, the original
maturity date of the Renasant Loan will be reinstated.  Thereafter,
the Renasant Loan will be paid in accordance with its existing
contractual terms until paid in full.  Class 7 is deemed to be
unimpaired.

Class 8 Allowed Unsecured Non-priority Claims are not secured by
property of the estate.  Unsecured claims will be paid a pro rata
distribution from available funds of the Debtor remaining after
payment of all other amounts pursuant to the Plan.  Class 7 is
impaired.

The Plan will be implemented through a combination of the sale of
the Debtor's equipment in the sale process, the lease and sale of
Debtor's real estate and payments made to or behalf of the Debtor
by D&D Packaging, Inc., and the proceeds and income derived
therefrom.  This projection is based on a pro rata distribution of
10% to claims and should be considered an estimate only.  The
actual percentage to be distributed may be more or less than 10%.

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

          http://bankrupt.com/misc/tnwb16-26399-137.pdf

                    About American Container

American Container, Inc., filed a Chapter 11 petition (Bankr. W.D.
Tenn. Case No. 16-26399) on July 15, 2016.  The petition was signed
by Steve Harris, president.  The Debtor is represented by Russel W.
Savory, Esq., at Beard & Savory, PLLC.  The case is assigned to
Judge Paulette J. Delk.  The Debtor disclosed total assets at $2.55
million and total debts at $4.30 million at the time of the
filing.

The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of American Container, Inc.


ANDERSON UNIVERSITY: Fitch Rates 2017 $35.7MM Revenue Bonds 'BB'
----------------------------------------------------------------
Fitch Ratings has assigned a 'BB' rating to $35.7 million of City
of Anderson, Indiana economic development revenue refunding bonds,
series 2017 issued on behalf of Anderson University (AU).

The bonds are expected to price via negotiated sale on or about
Sept. 7. Proceeds will refund AU's outstanding series 2007 and
series 2015 bonds and pay costs of issuance.

In addition, Fitch has affirmed the 'BB' rating on the outstanding
City of Anderson, Indiana economic development revenue refunding
and improvement bonds, series 2007 issued on behalf of AU.

The Rating Outlook is Stable.

SECURITY

The bonds are a general obligation of the obligated group (AU is
the sole member) payable from any legally available funds. The
bonds are secured under a new master indenture by a pledge of the
university's gross revenues and a mortgage on its core campus
property. In addition, the bonds will have a cash-funded debt
service reserve.

KEY RATING DRIVERS

STRESSED OPERATING PROFILE: Declining enrollment trends will likely
continue through fall 2017, pressuring operating performance and
cash flow. Fiscal 2017 (unaudited; May 31 year-end) results
improved toward breakeven on a full-accrual basis due to
conservative budgeting and strong expense management, but revenues
continued to decline. AU expects results to worsen somewhat in
fiscal 2018, more similar to 2016's 4.2% operating deficit.

LIMITED RESERVES SUPPORT RATING: AU's reserves provide cushion as
the university pursues its strategic plan, with available funds
equal about 36% of expenses and 34% of debt. These metrics exceed
those of most non-investment grade peers but will likely decline if
AU fails to meet revenue growth targets.

REFUNDING PROVIDES CASH FLOW RELIEF: The refunding transaction will
give AU cash flow relief in the near term, which provides some
cushion to execute its strategic plan over the next few years. The
refunding defers principal through 2021 and extends final maturity
by four years. AU should cover annual debt service comfortably
(about 1.7x from fiscal 2016 results) and preserve liquidity over
the principal deferral period.

LONG-TERM COVERAGE STRESSED: AU's long-term debt burden will be
high around 8% of operating revenues. Thin pro forma MADS ($3.6
million in 2022) coverage of 1x based on fiscal 2016 performance
highlights the structural risk. AU will need to grow enrollment and
improve its bottom line to meet the 1.1x rate covenant (on annual
debt service) when the principal deferral period ends in 2022.

RATING SENSITIVITIES

STABILIZE OPERATING PROFILE: Anderson University (AU) will need to
grow enrollment and improve cash flow to meet the 1.1x annual debt
service coverage covenant when the principal deferral period ends
in fiscal 2022. Failure to make progress toward these goals during
the deferral period would lead to negative rating action.

MAINTAIN BALANCE SHEET CUSHION: A material decline in liquidity or
additional leverage, which is not expected, would cause negative
rating action.


APOLLO ENDOSURGERY: Stonepine Has 13.7% Stake as of Aug. 11
-----------------------------------------------------------
Stonepine Capital Management, LLC, Stonepine Capital, L.P., Jon M.
Plexico and Timothy P. Lynch disclosed in a Schedule 13G filed with
the Securities and Exchange Commission that as of Aug. 11, 2017,
they beneficially owned 2,364,707 shares of common stock, $0.001
par value, of Apollo Endosurgery, Inc., representing 13.7 percent
of the shares outstanding.  Stonepine Capital Management is the
general partner and investment adviser of investment funds,
including Stonepine Capital, L.P.  Mr. Plexico and Mr. Lynch are
the control persons of the General Partner.  A full-text copy of
the regulatory filing is available for free at:

                       https://is.gd/r6TwzJ

                    About Apollo Endosurgery

Apollo Endosurgery, Inc. -- http://www.apolloendo.com/-- is a
medical device company focused on less invasive therapies for the
treatment of obesity, a condition facing over 600 million people
globally, as well as other gastrointestinal disorders.  Apollo's
device based therapies are an alternative to invasive surgical
procedures, thus lowering complication rates and reducing total
healthcare costs.  Apollo's products are offered in over 80
countries today.  Apollo's common stock is traded on NASDAQ Global
Market under the symbol "APEN".

On Dec. 29, 2016, a wholly owned subsidiary of Lpath, Inc., merged
with and into Apollo Endosurgery, Inc. resulting in Original Apollo
becoming a wholly owned subsidiary of Lpath.  At the Effective
Time, Lpath effected a name change to "Apollo Endosurgery, Inc."
Each share of Original Apollo common stock (after adjusting for the
1-for-5.5 reverse split of common stock effected by the Issuer
immediately following consummation of the Merger) was exchanged for
0.31632739 shares of the Issuer's common stock at the Effective
Time of the Merger.

Apollo Endosurgery reported a net loss attributable to common
stockholders of $41.16 million for the year ended Dec. 31, 2016,
compared to a net loss attributable to common stockholders of
$36.38 million for the year ended Dec. 31, 2015.  

As of June 30, 2017, Apollo Endosurgery had $86.21 million in total
assets, $58.11 million in total liabilities and $28.10 million in
total stockholders' equity.


AVAYA INC: November 2017 Trial Set in Axis Patent Litigation
------------------------------------------------------------
Network-1 Technologies, Inc. on Aug. 16, 2017, disclosed that it
agreed to settle its patent litigation against Axis Communications,
Inc. and affiliated entities ("Axis") pending in the United States
District Court for the Eastern District of Texas, Tyler Division,
for infringement of Network-1's Remote Power Patent (U.S. Patent
No. 6,218,930).  Axis was one of 16 original defendants (and
affiliated entities) named in the litigation.

As part of the settlement, Axis has entered into a Settlement
Agreement and non-exclusive License Agreement for the Remote Power
Patent.  Under the terms of the license, AXIS will receive a
fully-paid license to the Remote Power Patent for its full term
which expires in March 2020, which will apply to its sales of Power
over Ethernet ("PoE") products, including those PoE products which
comply with the Institute of Electrical and Electronic Engineers
("IEEE") 802.3af and 802.3at Standards.

In September 2011, Network-1 initiated patent litigation against
sixteen (16) data networking equipment manufacturers (and
affiliated entities) in the United States District Court for the
Eastern District of Texas, Tyler Division, for infringement of its
Remote Power Patent.  Network-1 has now reached settlement and
license agreements with thirteen (13) of the original defendants.
The remaining three defendants in the lawsuit are Hewlett-Packard
Company, Juniper Networks, Inc. and Avaya, Inc. Network-1 seeks
monetary damages based upon reasonable royalties.  In January 2017,
defendant Avaya Inc. filed for bankruptcy under Chapter 11 of the
United States Bankruptcy Code.  As a result of the filing the
litigation against Avaya Inc. is currently subject to an automatic
stay.  The first of the trials for the remaining defendants is
scheduled to commence in November 2017.

The Remote Power Patent relates to, among other things, delivering
power over Ethernet cables to remotely power network connected
devices including, among others, wireless switches, wireless access
points, VoIP telephones and network cameras.  In June 2003, the
IEEE approved the 802.3af PoE Standard, which led to the rapid
adoption of PoE.  The IEEE also approved the 802.3at Power over
Ethernet Plus (PoE Plus) Standard, which increased the maximum
power delivered to network devices to 40-60 watts from the current
15 watts under the 802.3af Standard.

Network-1 currently has twenty-five (25) license agreements with
respect to its Remote Power Patent, which include, among others,
license agreements with Cisco Systems, Inc., Netgear Inc.,
Alcatel-Lucent USA, Sony Corporation, Shoretel Inc., Microsemi
Corporation, Motorola Solutions, Inc., NEC Corporation, Samsung
Electronics Co., Ltd., and several other data networking vendors.

               About Network-1 Technologies, Inc.

Network-1 Technologies, Inc. (NYSE MKT: NTIP) (NYSE American: NTIP)
is engaged in the development, licensing and protection of its
intellectual property and proprietary technologies.  Network-1
works with inventors and patent owners to assist in the development
and monetization of their patented technologies.  Network-1
currently owns 33 patents covering various telecommunications and
data networking technologies as well as technologies relating to
document stream operating systems and the identification of media
content.  Network-1's current strategy includes continuing to
pursue licensing opportunities for its Remote Power Patent and its
efforts to monetize two patent portfolios (the Cox and Mirror
Worlds patent portfolios) acquired by Network-1 in 2013.
Network-1's acquisition strategy is to focus on acquiring high
quality patents which management believes have the potential to
generate significant licensing opportunities as Network-1 has
achieved with respect to its Remote Power Patent and Mirror Worlds
Patent Portfolio.  Network-1's Remote Power Patent has generated
licensing revenue in excess of $116,000,000 from May 2007 through
June 30, 2017.  Since the acquisition of its Mirror Worlds Patent
Portfolio in May 2013, Network-1 has achieved licensing and other
revenue of $47,150,000 through June 30, 2017 with respect to its
Mirror Worlds Patent Portfolio.

                        About Avaya Inc.

Avaya Inc., together with its affiliates, is a multinational
company that provides communications products and services,
including, telephone communications, internet telephony, wireless
data communications, real-time video collaboration, contact
centers, and customer relationship software to companies of various
sizes.  

The Avaya Enterprise serves over 200,000 customers, consisting of
multinational enterprises, small- and medium-sized businesses, and
911 services as well as government organizations operating in a
diverse range of industries.  It has approximately 9,700 employees
worldwide as of Dec. 31, 2016.

Avaya Inc. and 17 of its affiliates sought protection under Chapter
11 of the Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 17-10089)
on Jan. 19, 2017.  The petitions were signed by Eric S. Koza, CFA,
chief restructuring officer.  

Judge Stuart M. Bernstein presides over the cases.

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

On Jan. 31, 2017, the U.S. Trustee for Region 2, appointed an
official committee of unsecured creditors.  Morrison & Foerster is
the creditors committee's counsel.

Stroock & Stroock & Lavan LLP and Rothschild, Inc., serve as
advisors to an ad hoc group -- Ad Hoc Crossholder Group --
comprised of holders of the Company's (i) 33.98% of the $3.235
billion total amount outstanding under loans issued pursuant to a
Third Amended and Restated Credit Agreement, amended and restated
as of December 12, 2012 (the "Prepetition Cash Flow Term Loans");
(ii) 28.38% of the $1.009 billion total principal amount
outstanding under notes issued pursuant to an indenture for the
7.00% Senior Secured Notes Due 2019 (the "7.00% First Lien Notes");
(iii) 12.82% of the $290 million total principal amount outstanding
under notes issued pursuant to an indenture for 9.00% Senior
Secured Notes Due 2019 (the "9.00% First Lien Notes"); (iv) 83.70%
of the $1.384 billion total amount outstanding under notes issued
pursuant to an indenture for 10.5% Senior Secured Notes Due 2021
(the "Second Lien Notes"); and (v) 24% of the $725 million
outstanding under loans issued under the Debtors'
debtor-in-possession financing (the "DIP Facility") pursuant to a
Superpriority Secured Debtor-In-Possession Credit Agreement, dated
as of Jan. 24, 2017.


AYTU BIOSCIENCE: Closes $11.8 Million Private Placement
-------------------------------------------------------
Aytu BioScience, Inc., announced the closing, on Aug. 15, 2017, of
its previously disclosed private placement of equity units, which
resulted in gross proceeds of $11.8 million, before deducting
placement agents' fees and estimated offering expenses.

Equity units consisting of an aggregate of 63,933,298 shares of
common stock, 2,250 shares of Series A Preferred Stock and
118,399,947 warrants were issued in the private placement.  Each
share of Series A Preferred Stock has a stated value of $1,000 and
is convertible into common stock at $0.15 per share, subject to
adjustment.  The exercise price of the warrants is $0.18 per share,
subject to adjustment, and the warrants terminate in five-years.

The proceeds of the offering are expected to be used for sales and
marketing expenses to further advance the commercialization of
Natesto, and for working capital and general corporate purposes.

Joseph Gunnar & Co., LLC acted as Lead Placement Agent and Fordham
Financial Management, Inc., acted as Co-Placement Agent for the
transaction.

The securities offered and sold by Aytu BioScience in the private
placement were not registered under the Securities Act of 1933 or
state securities laws and may not be offered or sold in the United
States absent registration with the U.S. Securities and Exchange
Commission or an applicable exemption from such registration
requirements.  Aytu BioScience has agreed to file a registration
statement with the Securities and Exchange Commission covering the
resale of the shares of common stock, including shares of common
stock issuable upon exercise of the warrants, to be issued in the
private placement.  Any resale of Aytu BioScience's securities
under such resale registration statement will be made only by means
of a prospectus.

                   About Aytu Bioscience

Aytu BioScience, Inc. (OTCMKTS:AYTU) is a commercial-stage
specialty healthcare company concentrating on developing and
commercializing products with an initial focus on urological
diseases and conditions.  Aytu is currently focused on addressing
significant medical needs in the areas of urological cancers,
hypogonadism, urinary tract infections, male infertility, and
sexual dysfunction.

Aytu Bioscience reported a net loss of $28.18 million for the year
ended June 30, 2016, following a net loss of $7.72 million for the
year ended June 30, 2015.  As of March 31, 2017, Aytu had $15.91
million in total assets, $7.39 million in total liabilities and
$8.52 million in total stockholders' equity.

EKS&H LLLP, in Denver, Colorado, issued a "going concern"
qualification on the consolidated financial statements for the year
ended June 30, 2016, citing that the Company has suffered recurring
losses from operations and has a net capital deficiency that raises
substantial doubt about the Company's ability to continue as a
going concern.


BAYWAY HAND: Trustee Hires All Environmental as Consultant
----------------------------------------------------------
Donald F. Conway, the Chapter 11 trustee for Bayway Hand Car Wash
Corp. president Jose Vasquez, seeks authorization from the U.S.
Bankruptcy Court for the District of New Jersey to employ All
Environmental, Inc. dba AEI Consultants as environmental
consultant.

The Trustee requires All Environmental to serve as environmental
consultant to perform a remedial investigation with respect to real
property located at 4778 Broadway, New York, consistent with the
request of the New York State Department of Environmental
Conservation in its letter dated May 1, 2017.

All Environmental will be compensated at:

   (a) $12,120 for tasks relating to the soil and groundwater
       delineation.

   (b) $16,880 for tasks relating to the installation and sampling
       of a groundwater monitoring well.

   (c) Additional charges may apply:

       -- to the extent the Trustee requires more than one hour of

          consultation after the final report has been submitted
          to the Trustee, such additional consultation shall be
          billed at the rate of $200 per hour.

       -- to the extent of more than 9 drums of drill cuttings and

          well developed waste is generated, the disposal of
          additional drums of investigation derived waste will be
          billed at the cost of $118 per drum.

       -- other charges for unanticipated costs.

John F. Copman, a member of All Environmental, 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.

All Environmental can be reached at:

       John F. Copman
       ALL ENVIRONMENTAL INC.
       2447 Pacific Coast Highway, Suite 101
       Hermosa Beach, CA 90254
       Tel: (310) 798-4255

             About Bayway Hand Car Wash

Bayway Hand Car Wash Corp. sought Chapter 11 protection (Bankr.
D.N.J. Case No. 13-32632) on Oct. 17, 2013.  The petition was
signed by Jose L. Vazquez, president.  The Debtor estimated assets
and liabilities of less than $50,000.  The Debtor tapped Russell J.
Passamano, Esq., at Decotiis, Fitzpatrick, Cole and Wisler as
counsel.


BIOSCRIP INC: Coliseum Capital Mgt. Has 16.5% Stake as of Aug. 17
-----------------------------------------------------------------
Coliseum Capital Management, LLC, et al., reported in a Schedule
13D/A filed with the Securities and Exchange Commission beneficial
ownership of shares of common stock of BioScrip, Inc. Aug. 17,
2017:

                                       Shares     Percentage
                                    Beneficially     of
Name                                   Owned       Shares
----                               ------------  ----------
Coliseum Capital Management, LLC     24,208,030      16.5%
Coliseum Capital, LLC                18,629,734      13.1%
Coliseum Capital Partners, L.P.      15,204,502      10.9%
Coliseum Capital Partners II, L.P.    3,425,232       2.6%
Adam Gray                            24,208,030      16.5%
Christopher Shackelton               24,208,030      16.5%

The percentages are calculated based upon 127,475,226 Common Shares
outstanding as of Aug. 7, 2017, as reported in the Issuer's Form
10-Q for the quarterly period ended June 30, 2017, filed with the
Commission on Aug. 8, 2017.

The Reporting Persons sold an aggregate of 886,478 shares of common
stock for the period from Aug. 15, 2017, to Aug. 17, 2017.

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

                    https://is.gd/MoDysK

                       About Bioscrip

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

BioScrip incurred a net loss attributable to common stockholders of
$50.59 million for the year ended Dec. 31, 2016, compared to a net
loss attributable to common stockholders of $309.51 million for the
year ended Dec. 31, 2015.

As of June 30, 2017, Bioscrip disclosed $613.38 million in total
assets, $600 million in total liabilities, $2.63 million in series
A convertible preferred stock, $74.22 million in series C
convertible preferred stock, and a $63.48 million total
stockholders' deficit.

                           *    *    *

In August 2017, Moody's Investors Service affirmed BioScrip, Inc.'s
'Caa2' Corporate Family Rating.  BioScrip's 'Caa2' CFR reflects the
company's very high leverage and weak liquidity.

In July 2017, S&P Global Ratings affirmed its 'CCC' corporate
credit rating on BioScrip Inc. and removed the rating from
CreditWatch, where it was placed with negative implications on Dec.
16, 2016.  The outlook is positive.


BREITBURN ENERGY: Court Disallows D. Cooley's Claims
----------------------------------------------------
Breitburn Energy Partners LP and affiliates filed an omnibus claims
objection seeking, inter alia, to expunge and disallow two claims
filed by Dorothy Mae Cooley on the ground on that they have been
paid in full.  Cooley opposes the objection as it relates to her
claims.  Upon analysis, Judge M. Stuart Bernstein of the U.S.
Bankruptcy Court for the Southern District of New York concludes
that Cooley has failed to sustain her burden of proof, and thus,
her claims are disallowed.

The Cooley Claims concern her right to receive royalties
originating with the estate of her deceased father, Raymond Cooley.
Cooley also embarked on a pattern of abusive litigation in the
Michigan state courts relating to the Raymond Estate and even filed
fabricated deeds. To satisfy her burden of proof and defeat the
Omnibus Objection, Cooley must come forward with proof establishing
the validity of her claims by a preponderance of the evidence.

She has failed to do so. Instead, she apparently contends, as she
did in the Michigan courts, that she was Raymond’s sole
beneficiary, and is therefore entitled to the entire Residuary
Estate, including all of the royalties (i.e., the full 60% rather
than only 20%) to which Raymond was entitled under the Divorce
Judgment.

Whatever the outcome of any future litigation in Michigan, the
Michigan courts have already adjudicated her rights as an heir
under Raymond's will, and have gone so far as to enjoin Cooley from
seeking to re-litigate issues directly or tangentially related to
the Raymond Estate and/or her inheritance. To the extent that the
Cooley Claims are based on a contention that she was Raymond's sole
beneficiary, the Michigan state courts have made abundantly clear
that such a contention is meritless. She cannot relitigate her
rights in this Court, and to the extent that she claims that she
was harmed by the judgments of the Michigan court and wants this
Court to correct those errors, her contentions are barred by the
Rooker-Feldman doctrine. Accordingly, the Debtors' objections to
the Cooley Claims are sustained and her claims are disallowed.

A full-text copy of Judge Bernstein's Memorandum Decision dated
August 18, 2017, is available at:

      http://bankrupt.com/misc/nysb16-11390-1513.pdf

Attorneys for Defendants:

     Ray C. Schrock, P.C. Esq.
     Stephen Karotkin, Esq.
     WEIL, GOTSHAL & MANGES LLP
     767 Fifth Avenue
     New York, New York 10153
     ray.schrock@weil.com
     stephen.karotkin@weil.com

                   About Breitburn Energy

Breitburn Energy is engaged in the acquisition, exploitation and
development of oil and natural gas properties, Midstream Assets,
and a combination of ethane, propane, butane and natural gasoline
that when removed from natural gas become liquid under various
levels of higher pressure and lower temperature, in the United
States.  Operations are conducted through Breitburn Parent's
wholly-owned subsidiary, Breitburn Operating LP, and BOLP's general
partner, Breitburn Operating GP LLC.

Breitburn Energy Partners LP and 21 of its affiliates filed
voluntary petitions for relief under Chapter 11 of the Bankruptcy
Code (Bankr. S.D.N.Y. Lead Case No. 16-11390) on May 15, 2016,
listing assets of $4.71 billion and liabilities of $3.41 billion.
The petitions were signed by James G. Jackson, executive vice
president and chief financial officer.

The Debtors are represented by Ray C Schrock, Esq., and Stephen
Karotkin, Esq., at Weil Gotshal & Manges LLP.  The Debtors hired
Steven J. Reisman, Esq., and Cindi M. Giglio, Esq., at Curtis,
Mallet-Prevost, Colt & Mosle LLP as their conflicts counsel.  The
Debtors tapped Alvarez & Marsal North America, LLC, as financial
advisor; Lazard Freres & Co. LLC as investment banker; and Prime
Clerk LLC as claims and noticing agent.

The U.S. trustee for Region 2 appointed three creditors of
Breitburn Energy Partners LP and its affiliates to serve on the
official committee of unsecured creditors, and on Nov. 15, 2016,
the U.S. Trustee appointed seven creditors of Breitburn Energy
Partners LP and its affiliated debtors to serve on the official
committee of unsecured creditors.


BRINKER INT'L: Fitch Affirms BB+ IDR & Revises Outlook to Negative
------------------------------------------------------------------
Fitch Ratings has affirmed Brinker, International, Inc.'s Issuer
Default Rating (IDR) at 'BB+' and revised its Rating Outlook to
Negative from Stable. Brinker's ratings reflect its moderately high
leverage, meaningful free cash flow, and the position of Chili's
Grill & Bar (Chili's) as one of the largest U.S. casual dining
chains in the U.S. The company's ratings consider secular
challenges in the casual dining segment that Fitch expects to
continue in the intermediate term, Brinker's weak comparable
restaurant sales (comps) trends, and the chain's market share loss
in recent years.

The Outlook revision to Negative incorporates the risk that
Brinker's efforts to redefine Chili's value proposition, improve
restaurant-level execution, and strengthen its takeout capabilities
may not result in a sustained improvement in comps and that share
losses may continue. Leverage is also at the high end of Fitch's
expectation for the current rating. Should comp growth fail to
return to positive territory over the next 12 months, the chain
continues to lose share, margin declines persist beyond fiscal 2018
(June), and total adjusted debt/EBITDAR is sustained above 4.0x, a
ratings downgrade could occur. The Rating Outlook could be
stabilized if comps return to positive territory by 2019, Chili's
is able to maintain share, EBITDA margin stabilizes, and Brinker
uses FCF to repay debt such that total adjusted debt/EBITDAR
remains in the 3.5x to 4.0x range based on Fitch's calculation
which capitalizes leases at 8x.

KEY RATING DRIVERS

Comp Sales, Market Share: Brinker's comps have been negative for
two consecutive years, declining 2.1% system-wide for the year
ended June 28, 2017, due mainly to declines at Chili's, which has
lost share in recent years. Outsized exposure to oil-producing
states, missteps with its loyalty program, and general weakness in
casual dining have contributed to comp weakness. Fitch expects
comps to decline 0.5% in fiscal 2018 and then grow about 1% in
fiscal 2019 as Brinker redefines its value proposition, improves
restaurant execution, and strengthens takeout capabilities to offer
enhanced convenience.

Chili's Brand Strength: Chili's represented 97% of Brinker's 1,674
units at June 28, 2017. Brinker is currently investing in the brand
to increase the value provided by core menu items, enhance
convenience around its takeout platform, and improve in-restaurant
execution. Fitch believes Chili's Texas-themed menu differentiates
the brand in the highly competitive bar & grill category and that
store closures by Applebee's Grill & Bar, one of Chili's direct
competitors, could be a benefit.

However, Fitch expects low-single digit declines in casual dining
traffic to continue until sufficient capacity is taken out of the
market and the segment improves its value proposition and
convenience relative to limited service competitors. As such, the
battle to maintain share or gain share from weaker competitors will
cause competition to remain intense over the intermediate term.

Margin Stabilization: Brinker's EBITDA margin, excluding non-cash
stock-based compensation expense, declined to 14.3% in fiscal 2017
from 15.9% in fiscal 2015 due mainly to declining comps and higher
labor costs. While Brinker's restaurant-level profitability remains
competitive versus peers, its strategy of investing to enhance its
value proposition and upward pressure on labor costs will continue
to negatively affect margins in the near term or at least until
comp growth returns. Fitch expects EBITDA margin contraction of 50
bps to 13.8% in fiscal 2018 and stabilization thereafter.

Moderately High Leverage: Brinker transitioned to a high-yield
credit after recapitalizing its balance sheet in September 2016 and
is targeting lease-adjusted leverage of 3.25x to 3.75x. This is
equivalent to 3.6x to 4.1x based on Fitch's calculation, which
capitalizes leases at 8x and excludes non-cash stock-based
compensation expense. Fitch projects total adjusted debt/EBITDAR
will remain at the high end of Brinker's leverage target or at 4.1x
based on Fitch's calculation in fiscal 2018. Leverage sustained
above 4.0x could result in a negative rating action.

Strong FCF Generation: Brinker generates meaningful FCF. Fitch
projects FCF (cash flow from operations less capex and dividends)
of approximately $130 million in fiscal 2018 (or approximately $210
million pre-dividend), slightly below an average of $150 million
since 2013. Fitch anticipates Brinker will refinance all of its
$250 million of 2.6% notes maturing May 15, 2018 and use the
majority of FCF towards share buybacks.

DERIVATION SUMMARY

Brinker's rating is lower than that of its casual dining peer
Darden Restaurants, Inc. ('BBB'/Outlook Stable) due mainly to
Brinker's leverage being more than 1x higher than Darden's. The
rating differential also reflects Brinker's lack of meaningful
brand-level diversification, with more than 90% of systemsales from
Chili's, and weaker comparable restaurant sales trends. Bloomin'
Brands, Inc., a casual dining peer for which Fitch has a credit
opinion, and Brinker have similar leverage, but Bloomin's comp
growth has been modestly better than that of Brinker. Across
Fitch's broader restaurant universe, which includes quick-service
restaurant competitors McDonald's Corp. ('BBB'/Outlook Stable),
Starbucks Corp. ('A'/Outlook Stable), Restaurant Brands
International, Inc., and YUM! Brands, Inc., Brinker's rating
reflects its relative leverage and that casual dining is subject to
moderately higher economic sensitivity than the quick-service
restaurant segment.

KEY ASSUMPTIONS

Fitch's key assumptions within its ratings case for the issuer
include:

-- Comps decline 0.5% in fiscal 2018 and increase 1% in fiscal
    2019;
-- Operating margin declines to 8.7% in fiscal 2018 and
    stabilizes near this level in fiscal 2019;
-- FCF (cash flow from operations less capex and dividends)
    approximates $130 million in fiscal 2018 and $140 million in
    fiscal 2019;
-- Total adjusted debt-to-operating EBITDAR rises to 4.1x in
    fiscal 2018 and declines to 4.0x thereafter.

RATING SENSITIVITIES

Future Developments That May, Individually or Collectively, Lead to
Positive Rating Action
Brinker's Rating Outlook could be stabilized if comps return to
positive territory by 2019, Chili's is able to maintain market
share, EBITDA margin stabilizes in the high 13% range, and FCF is
used to repay debt such that total adjusted debt/EBITDAR remains in
the 3.5x - 4.0x range.

While not anticipated in the near term, ratings could be upgraded
if the following occurs:

-- Consistently positive comps at Chili's and growth in market
    share;
-- A commitment to maintain total adjusted debt/operating EBITDAR

    (defined as total debt plus 8.0x gross rent to operating
    EBITDA plus gross rent) in the 3.0x-3.5x range.

Future Developments That May, Individually or Collectively, Lead to
Negative Rating Action

-- A lack of meaningful improvement in comps and continued loss
    of market share;
-- Higher than expected margin contraction;
-- Capital allocation policies that remain biased toward
    shareholders;
-- Total adjusted debt to operating EBITDAR sustained above 4.0x.

LIQUIDITY

Adequate Liquidity: Brinker's ongoing liquidity is supported by its
FCF generation, which Fitch projects can approximate $130 million -
$140 million annually, and $1 billion revolving credit facility
maturing on Sept. 12, 2021 ($110 million is due on March 12, 2020).
On March 29, 2017, Brinker had $598 million available under its
revolver, net of $402 million already drawn. The company has
maintained a minimal amount of cash on its balance sheet in recent
periods.

Staggered Debt Maturities: In September 2016, Brinker amended its
revolving credit facility, increasing capacity to $1 billion from
$750 million and extending the maturity for the majority of the
facility to September 2021. The company also issued $350 million of
5% senior unsecured guaranteed notes, the proceeds of which were
used to fund $300 million of share repurchases and to repay $50
million of outstanding amounts on the revolving credit facility.
Brinker's only maturity over the next three years is $250 million
of 2.6% notes due May 15, 2018.

Brinker had approximately $1.3 billion of debt inclusive of capital
leases at June 28, 2017. All debt is unsecured and issued by
Brinker International, Inc., the parent of Brinker Restaurant
Corporation and its underlying subsidiaries. A total of $550
million (41%) consisted of unsecured unguaranteed notes, $350
million (26%) were unsecured guaranteed notes and about $400
million (30%) was the outstanding balance on the company's
revolver. The remaining $30 million or so (3%) was capital leases.

FULL LIST OF RATING ACTIONS

Fitch has affirmed Brinker International, Inc.'s ratings:

-- Long-term IDR at 'BB+';

-- Guaranteed senior unsecured bank credit facility at 'BBB-
    /RR2';

-- Guaranteed senior unsecured notes at 'BBB-/RR2';

-- Unguaranteed senior unsecured notes at 'BB+/RR4'.


C HARRIS PROPERTIES: Morrow Buying Morton Property for $65K
-----------------------------------------------------------
C. Harris Properties, LLC, asks the U.S. Bankruptcy Court for the
Southern District of Mississippi to authorize the sale of real
property located at 155 South Main Street, Morton, Scott County,
Mississippi, to Marquita Morrow for $65,000.

The Debtor owns the Property.  It proposes to sell the Property to
the Buyer free and clear of liens.

Community Bank has a lien in the amount of $26,268 as of Aug. 16,
2017, with interest accruing approximately at $4 per diem.  The
lien of Community Bank will attach to the sales proceeds, plus any
accrued interest, and be will satisfied at the time of closing.

These tax liens will be paid at the time of the closing:

    a. Delinquent Mobile Home Tax filed for record Sept. 12, 2016,
in the original amount of $72, plus accrued interest;

    b. Delinquent Mobile Home Tax filed for record Sept. 12, 2016,
in the original amount of $86, plus accrued interest;

    c. Delinquent Mobile Home Tax filed for record Sept. 12, 2016,
in the original amount of $82, plus accrued interest;

    d. Delinquent Mobile Home Tax filed for record Sept. 12, 2016,
in the original amount of $85, plus accrued interest;

    e. Delinquent Mobile Home Tax filed for record Sept. 12, 2016,
in the original amount of $84, plus accrued interest;

    f. Delinquent Mobile Home Tax filed for record Sept. 12, 2016,
in the original amount of $86, plus accrued interest;

    g. Delinquent Mobile Home Tax filed for record Sept. 12, 2016,
in the original amount of $86, plus accrued interest;

    h. Delinquent Mobile Home Tax filed for record Sept. 12, 2016,
in the original amount of $91, plus accrued interest; and

    i. Delinquent Mobile Home Tax filed for record Sept. 12, 2016
in the original amount of $95, plus accrued interest.

The Debtor will pay all of the 2016 city and county ad valorem
taxes.  The 2017 ad valorem taxes will be pro rated between the
Debtor and Marquita Morrow.  The Debtor will also be responsible
for the payment of $125 in attorney's fees for the preparation of
the Warranty Deed.

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

           http://bankrupt.com/misc/C_Harris_49_Sales.pdf

The Purchaser:

         Marquita Morrow
         411 E. Fourth St.
         Morton, Mississippi

                  About C. Harris Properties

C. Harris Properties, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. S.D. Miss. Case No. 17-02354) on June 29, 2017.  The Debtor
is represented by Eileen N. Shaffer, Esq., at Eileen N. Shaffer,
Attorney at Law.


CAMBRIDGE REALTY: Kogan Buying Wall Property for $1.8M
------------------------------------------------------
Judge Christine Gravelle of the U.S. Bankruptcy Court for the
District of New Jersey will convene a hearing on Sept. 12, 2017, at
10:00 a.m., to consider Cambridge Realty Associates, LLC's sale of
all of the real property located at 1973 Route 34, Wall, New
Jersey, to Michael Kogan as nominee for an entity to be formed or
his designee for $1,800,000.

Objections, if any, must be filed seven days or more before the
return date.

Loretta Dweck, Managing Member of the Debtor, certifies that prior
to the filing of the Chapter 11 petition, the Debtor entered into a
contract with Kogan as nominee for an entity to be formed or his
designated assignee to sell the Property.  The contract provides
for sale price of $1,800,000.  The Debtor proposes to sell the
Property free and clear of the claims of any creditors or other
parties of interest.

The Property is encumbered by a mortgage held by Kearny Bank that
has a principal balance due and owing according to the Debtor's
records of $2,784,627.  Kearny's mortgage is cross collateralized
with a second parcel of real property located at 1985 Route 34,
Wall, New Jersey.  According to the Debtor's records that property
has a value of $3,700,000.

The Property being sold is also encumbered by a municipal lien held
by US Bank Custodian/TLCF 2012.  The Debtor believes the present
amount due on this lien is approximately $25,000.  The Property is
further encumbered by a lien held by the Wall Circle Plaza
Association for unpaid condominium charges in an approximate amount
according to the Debtor's records of $92,088.

The sale was procured by a real estate broker and is an arm's
length transaction.  The Debtor will retain no ownership interest
in the property following the consummation of the sale transaction.
As a part of the sale transaction the Debtor will seek to assume
its contract with the real estate broker and will request the
broker be paid its commission at the time of sale.

The sale of the Property will significantly reduce the amount due
and owing to Kearny Bank and will allow the Debtor to pay the
municipal lien and pay the claim of Wall Circle Plaza Association
to the extent the condominium fees arise from the Property.  The
interests of Kearny Bank will remain protected as the bank's lien
will attach to the net proceeds of sale and will remain secured by
the property located at 1985 Route 34, Wall, New Jersey.

Ms. Dweck further certifies that the Debtor intends on marketing
the property located at 1985 Route 34, Wall, New Jersey for sale
and upon the sale of that property will satisfy Kearny Bank's lien
in full.  The Debtor believes the proceeds of sale of the property
located at 1985 Route 34, Wall, New Jersey will be sufficient to
fund a plan providing for full payment of its obligations to all
creditors.

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

     http://bankrupt.com/misc/Cambridge_Realty_18_Sales.pdf

                About Cambridge Realty Associates

Cambridge Realty Associates, LLC, owns 100% interest in a property
located at 1973 & 1985 Route 34, Wall, New Jersey valued at $5.50
million.  It is a small business debtor as defined in 11 U.S.C.
Section 101(51D).

Cambridge Realty Associates sought Chapter 11 protection (Bankr.
D.N.J Case No. 17-26154) on Aug. 9, 2017.  The case is assigned to
Judge Christine M. Gravelle.

The Debtor tapped Joseph Casello, Esq., at Collins, Vella &
Casello, LLC, as counsel.

The Debtor total assets at $5.53 million and total liabilities at
$2.99 million.

The petition was signed by Loretta Dweck, managing member.

The Debtor can be reached at:

          CAMBRIDGE REALTY ASSOCIATES, LLC
          2150 Highway 35
          Sea Girt, NJ 08750


COMMERCIAL BARGE: Moody's Lowers CFR to B3; Outlook Remains Neg.
----------------------------------------------------------------
Moody's Investors Service downgraded the ratings of Commercial
Barge Line Company (CBLC), including the Corporate Family Rating
(CFR) to B3 from B2 and Probability of Default Rating (PDR) to
B3-PD from B2-PD. Concurrently, the company's senior secured bank
credit facility was downgraded to Caa1 from B3. The ratings outlook
remains negative.

Moody's took the following rating actions:

Downgrades:

Issuer: Commercial Barge Line Company

Corporate Family Rating, to B3 from B2;

Probability of Default rating, to B3-PD from B2-PD;

Senior secured bank facility, to Caa1 (LGD4) from B3 (LGD4).

The ratings outlook is negative.

RATINGS RATIONALE

The ratings downgrade reflects lower than expected operating
performance, driven by unfavorable fundamentals in the company's
liquid and dry cargo end markets, amidst integration of AEP River
Operations, LLC (River Ops), acquired in late 2015. This has led to
sustained high financial leverage (debt-to-EBITDA), above 7 times,
and weakened coverage metrics, including EBIT-to interest, below 1
times (all metrics after Moody's standard adjustments). Moreover,
although Moody's expects moderate transportation volume gains and
efficiency initiatives to support a modest improvement in credit
metrics over the next year, leverage is likely to remain elevated
with freight rates remaining under pressure from market oversupply
and weighing on earnings.

The B3 CFR reflects CBLC's increased scale and market position in
the domestic dry bulk and liquid barge transportation segments
following the acquisition. It also considers the progress the
company has made with realizing synergies from the acquisition,
noting also that the full realization of these initiatives depends
on market conditions and the operating environment, which is likely
to remain challenging for some time. Persistent supply-demand
imbalances across the liquid, grain and other dry bulk commodity
segments make a meaningful recovery in freight rates and
transportation volumes unlikely in the near term. Moody's
anticipates that additional cost and restructuring efficiencies
will support EBIT margins in the mid-to-high single digits over the
next year.

Adequate liquidity, based on Moody's expectation of good
availability under the unrated ABL revolving credit facility due
2020 and no near term debt maturities, lends support to the
ratings. Moody's anticipates the company will use all proceeds from
recent asset sales to pay down revolver borrowings from current
levels.

The negative ratings outlook reflects expectation of continuing
freight rate pressures on the company's earnings and the
uncertainty as to a meaningful recovery in its end markets to drive
a commensurate increase in freight rates and its cargo movements.
This is balanced against expectations that the company will
maintain adequate liquidity over the next year and continue
managing costs in response to market conditions, including the
lay-up or sale of excess equipment, to help offset top-line
pressures and support metrics at the B3 level.

The Caa1 senior secured bank facility rating reflects the priority
of claim for that debt. The $640 million ABL revolver has a
priority security interest for the majority of the company's
assets, including vessels, receivables and inventory, while the
term loan has a second claim on those assets.

The ratings could be downgraded if industry conditions remain
subdued and the company's cost and restructuring initiatives do not
put it on track with improving leverage and coverage metrics from
current levels, and/or the company is unable to take prompt action
to preserve cash flow and liquidity. Expectation of an EBIT margin
sustained below 5%, Debt to EBITDA that remains above the 6.5 times
level, FFO to Debt sustained below 5% and/or negative free cash
flow generation on a sustained basis would drive downwards rating
momentum. A large debt-funded acquisition or shareholder-friendly
actions that compromise creditor interests could also pressure the
ratings.

The ratings could be upgraded with expectation of sustained
improvement in business conditions and evidence of successful
achievement of targeted synergies from the River Ops acquisition.
Positive free cash flow generation, Debt to EBITDA below the 4.5
times level, FFO + Interest to Interest above 2.5 times or FFO to
Debt above 10% on a sustained basis and a stronger liquidity
profile could drive result in upwards rating pressure.

The principal methodology used in this rating was Global Shipping
Industry published in February 2014.

Commercial Barge Line Company is one of the largest integrated
marine transportation and services companies in the United States,
providing barge transportation and related services, and
construction of barges, towboats and other vessels. CBLC is
ultimately controlled by certain private investment fund affiliates
of Platinum Equity, LLC. CBLC acquired AEP Resources, Inc. and its
subsidiary AEP River Operations LLC from American Electric Power
Company, Inc. in November 2015. River Ops is a fully-integrated
river transportation and services company, focusing on the movement
of bulk and liquid products. Revenues were approximately $1.1
billion as of the last twelve months ended June 30, 2017.


COWBOYS FAR: Plan Confirmation Hearing on Aug. 30
-------------------------------------------------
The Hon. Ronald B. King of the U.S. Bankruptcy Court for the
Western District of Texas has approved Cowboys Far West, Ltd.'s
second amended disclosure statement referring to the Debtor's
second amended plan of reorganization.

A hearing on the confirmation of the Debtor's Second Amended Plan
will be held on the Aug. 30, 2017, at 9:30 a.m.

Objections to the confirmation of the Second Amended Plan must be
filed by Aug. 25, 2017.  All ballots must be filed by Aug. 25.

As reported by the Troubled Company Reporter on July 7, 2017, the
Debtor filed with the Court its latest plan to exit Chapter 11
protection.  The latest plan classifies the secured portion of
Crossroads 2004, LLC's claim in the amount of $4.2 million in Class
4.  Under the plan, Crossroads will be paid at its contract rate,
save and except that any debt accrued since the filing of Cowboys'
case and any attorney's fees incurred by said entity will be added
to the "promissory note" balance, and payments will commence 30
days after the effective date of the plan.  

                      About Cowboys Far West

Cowboys Far West, Ltd., is a limited partnership duly organized and
existing under the laws of the State of Texas, having an office and
principal place of business at 3030 NE Loop 410, San Antonio, Bexar
County, Texas.  

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. W.D.
Texas Case No. 16-51419) on June 24, 2016.  The petition was signed
by Michael J. Murphy, president of Cowboys Concert Hall-Arlington,
Inc., general partner.  The case is assigned to Judge Ronald B.
King.

At the time of the filing, the Debtor estimated its assets at $50
million to $100 million and debts at $1 million to $10 million.

James Samuel Wilkins, Esq., at Willis & Wilkins, LLP, serves as the
Debtor's bankruptcy counsel.

On Oct. 25, 2016, Business Property Lending, Inc., a secured
creditor, filed a disclosure statement, which explains its Chapter
11 plan of liquidation for the Debtor.

On Nov. 30, 2016, the Debtor filed a disclosure statement detailing
its Chapter 11 plan of reorganization.


CRCH LLC: Case Summary & 13 Largest Unsecured Creditors
-------------------------------------------------------
Debtor: CRCH, LLC
        621 S. Western Avenue, Suite 401
        Los Angeles, CA 90005

Type of Business: CRCH, LLC listed its business as a single asset
                  real estate (as defined in 11 U.S.C. Section
                  101(51B)).  Its principal assets are located at
                  12945-13225 Peyton Dr. Chino Hills, CA 91709.

Chapter 11 Petition Date: August 21, 2017

Case No.: 17-20270

Court: United States Bankruptcy Court
       Central District of California (Los Angeles)

Judge: Hon.  Barry Russell

Debtor's Counsel: Howard Camhi, Esq.
                  ERVIN COHEN & JESSUP LLP
                  9401 Wilshire Blvd 9th Fl
                  Beverly Hills, CA 90212
                  Tel: 310-281-6375
                  Fax: 310-887-6840
                  E-mail: hcamhi@ecjlaw.com

Estimated Assets: $50 million to $100 million

Estimated Debt: $50 million to $100 million

The petition was signed by Lloyd Lee, chief financial officer.  A
full-text copy of the petition is available for free at:

             http://bankrupt.com/misc/cacb17-20270.pdf

Debtor's List of 13 Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
360 Twenty Four 7, Inc.           Security Services       $14,020

Bank of Hope                       Short Term Loan     $2,980,000
3200 Wilshire Blvd., #1400
Los Angeles, CA 90010
Tel: 213-427-1000

Bellflower Town Center            Loan from Related      $120,000
8529 Artesia Blvd.                     Company
Bellflower, CA 90706

Chino Hills Disposal                Trash Disposal         $3,000
                                       Service

Chino Valley Pest Control            Pest Control            $155
                                       Service

City of Chino Hills                Utilities- Water       $14,000

Electric Construction Company     Parking Lot Lights       $1,600
                                     Maintenance

Frontier Communications             Phone Lines Fire         $600
                                     Life Safety

Green Masters                        Landscaping,          $9,695
Building Service, Inc.                Sweeping,
                                     Janitorial

Junjin Accounting &                 Auditing Fee          $11,000
Tax Services

So. Calif. Edison Co.                Utilities-            $3,200
                                     Electrical

Stratex Solutions, Inc.            Fire Sprinkler            $280
                                     Monitoring

UCMK & Associates                  Accounting Fees           $200


CROFCHICK REALTY: To Pay Creditors From Operating Income
--------------------------------------------------------
Crofchick Realty, LLC, filed with the U.S. Bankruptcy Court for the
Middle District of Pennsylvania a third amended plan of
reorganization dated August 7, 2017.

The Plan proposes to pay the creditors from its operating income,
including, but not limited to, rental payments received from, or
funds paid directly to creditors by Crofchick, Inc., an affiliate
of the Debtor, 100% of all creditors' allowed secured claims.

The Class 1 Secured Claim of PNC Bank, N.A., is unimpaired under
the Plan.  The Debtor or its affiliate, Crofchick, Inc., or both
will pay to PNC Bank the sum per month upon the terms set forth on
Exhibit A until its allowed secured claim together with interest
paid at the rate set forth in a certain note issued in favor of the
U.S. Small Business Administration dated Dec. 30, 2003, has been
paid in full.  PNC Bank will retain all liens that secure its
claim, whether the property subject to the liens is retained by the
Debtor or transferred to another entity, to the extent of the
allowed amount of the claims.

The Debtor will fund its obligations under this Plan from its
operating income, including, but not limited to, rental payments
received from, or funds paid directly to creditors by, an affiliate
of the Debtor, Crofchick, Inc.

A full-text copy of the Third Amended Plan is available at:

          http://bankrupt.com/misc/pamb15-03724-183.pdf

As reported by the Troubled Company Reporter on March 21, 2017, the
Debtor filed a second amended disclosure statement, which stated
that holders of Class 4 General Unsecured Claims will recover 100%
in equal monthly installments over a period of 60 months commencing
no greater than 30 days following the Effective Date of the Plan.


                    About Crofchick Realty

Crofchick Realty, LLC, was formed on Dec. 31, 2003, and has served
as a real estate holding company that owns improved real estate
that houses the business operations of its affiliate, Crofchick,
Inc., a retail and wholesale bakery in Swoyersville, Pennsylvania.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. M.D.
Pa. Case No. 15-03724) on Aug. 30, 2015.  Tullio DeLuca, Esq.,
serves as the Debtor's bankruptcy counsel.


DANA HOLDING: Notes Redemption Plan No Impact on Moody's Ba3 CFR
----------------------------------------------------------------
Moody's Investors Service said that Dana Holding Corporation's
announcement that it plans to issue a notice of redemption for the
remaining $350 million aggregate principal amount of its
outstanding 5.375% Senior Notes due 2021 is credit positive but
does not currently impact Dana's Ba3 Corporate Family Rating,
stable rating outlook, nor B1 senior unsecured notes ratings. For
further information.

Dana Holdings Corporation, headquartered in Maumee, Ohio, is a
global manufacturer of driveline, sealing and thermal management
products serving OEM customers in the light vehicle, commercial
vehicle and off-highway markets. Revenue for the LTM period ending
June 30, 2017 was approximately $6.4 billion.


DELCATH SYSTEMS: Alto Opportunity et al No Longer Shareholders
--------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Waqas Khatri, Ayrton Capital LLC and Alto Opportunity
Master Fund, SPC - Segregated Master Portfolio A disclosed that as
of Aug. 11, 2017, they have ceased to beneficially own shares of
common stock of Delcath Systems, Inc.  The Fund is a private
investment vehicle.  The Fund directly owns the Common Stock
reported in the Statement.  Mr. Khatri and the Investment Manager
may be deemed to beneficially own the Common Stock owned directly
by the Fund.  Each Reporting Person disclaims beneficial ownership
with respect to any shares other than the shares owned directly by
such Reporting Person.  A full-text copy of the regulatory filing
is available for free at https://is.gd/bI48wG

                    About Delcath Systems

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

Delcath Systems reported a net loss of $17.97 million on $1.99
million of product revenue for the year ended Dec. 31, 2016,
compared to a net loss of $14.70 million on $1.74 million of
product revenue for the year ended Dec. 31, 2015.   

As of June 30, 2017, Delcath Systems had $18.60 million in total
assets, $17.73 million in total liabilities and $867,000 in total
stockholders' equity.

Grant Thornton LLP, in New York, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, citing that the Company has incurred recurring
losses from operations and as of Dec. 31, 2016, has an accumulated
deficit of $279.2 million.  These conditions, along with other
matters, raise substantial doubt about the Company's ability to
continue as a going concern.


ECLIPSE RESOURCES: Extends CEO's Contract by Three Years
--------------------------------------------------------
Eclipse Resources Corporation entered into amended and restated
executive employment agreements with each of the following
executive officers: (i) Benjamin W. Hulburt, chairman, president
and chief executive officer of the Company, (ii) Matthew R.
DeNezza, executive vice president and chief financial officer of
the Company, and (iii) Christopher K. Hulburt, executive vice
president, secretary and general counsel of the Company.

The Amended Employment Agreements amended the existing employment
agreements of the Executive Officers to, among other things:

    (i) reflect each Executive Officer's current annual base
        salary (which is $600,000 for Mr. Benjamin W. Hulburt,
        $382,000 for Mr. DeNezza, and $340,000 for Mr. Christopher
        K. Hulburt);

   (ii) extend the initial term of each employment agreement until

        Aug. 17, 2020; and

  (iii) revise certain of the severance benefits provided to the
        Executive Officers such that (A) there will be no
        acceleration of the vesting of any equity or long-term
        incentive awards granted to the Executive Officer under
        any Company long-term incentive plan, unless otherwise
        provided under the terms of the applicable long-term
        incentive plan or award agreement, and (B) the cash
        severance payable to the Executive Officer upon his
        termination of employment by the Company "without Cause"
        or by the Executive Officer for "Good Reason" (as those
        terms are defined in the Amended Employment Agreements)
        will be calculated using the Executive Officer's "target"
        annual bonus for the fiscal year that includes his
        termination date instead of the average of the Executive
        Officer's annual bonus for the three calendar years
        preceding his termination date.

                     About Eclipse Resources

Eclipse Resources Corporation is an independent exploration and
production company engaged in the acquisition and development of
oil and natural gas properties in the Appalachian Basin.  As of
Dec. 31, 2015, the Company had assembled an acreage position
approximating 220,000 net acres in Eastern Ohio.

Eclipse Resources reported a net loss of $203.8 million on $235.0
million of total revenues for the year ended Dec. 31, 2016,
compared to a net loss of $971.4 million on $255.3 million of total
revenues for the year ended Dec. 31, 2015.

                           *    *    *

In June 2017, S&P Global Ratings raised its corporate credit rating
on State College, Pa.-based Eclipse Resources Inc. to 'B-' from
'CCC+'.  The rating outlook is stable. "The rating action reflects
our opinion that Eclipse's leverage is now sustainable due to our
increased production and cash flow projections," said S&P Global
Ratings credit analyst Christine Besset.

In July 2017, Moody's Investors Service upgraded Eclipse Resources
Corporation's Corporate Family Rating (CFR) to 'B3' from 'Caa1'.
"The upgrade to B3 reflects Eclipse's reduced leverage resulting
from improved cash flow tied to strong production growth.
Eclipse's robust drilling program through 2018, supported by strong
commodity price hedging and willingness to periodically access
equity markets to term out debt, should allow Eclipse to remain on
a strong growth trajectory without stressing its balance sheet,"
noted John Thieroff, Moody's
VP-senior analyst.


ECOARK HOLDINGS: Sees Potential for Acquisitions and Divestitures
-----------------------------------------------------------------
Ecoark Holdings, Inc. held a conference call on Aug. 10, 2017, to
discuss business updates for the Company, which included
information about the Company's results of operations and financial
condition for the three months ended June 30, 2017.

Operator:

Good day and welcome to this Ecoark Holdings Incorporated Business
Update Conference Call.  Today's conference is been recorded.  At
this time, I'd like to turn the conference over to John Mills of
ICR. Please go ahead.

John Mills:

Great.  Thank you.  Good afternoon everyone.  Thank you for joining
us today for the Ecoark first fiscal quarter business update
conference call for the quarter ending July 30, 2017.  On the call
today representing Ecoark will be Jay Puchir, chief executive
officer, Charles Rateliff, CFO, Troy Richards, CAO, Jay Oliphant,
corporate controller and principal financial officer, and Stephen
Dacus, general counsel.

Before we start, we'd like to let everyone know that this
presentation will involve forward-looking statements.  The
Company's actual results could differ materially from what is
described in these forward-looking statements projections. Addition
information concerning factors that could cause results to
materially differ is contained in the Company's recent SEC
filings.

With that, I'd like to turn the conference call over to our CEO,
Jay Puchir.

Jay Puchir:

Thanks, John.  Good afternoon everyone and thank you for joining us
today.  Yesterday we filed our Form 10-Q for our first quarter of
fiscal year 2018 for the three months ended June 30, 2017.  As a
reminder we changed our fiscal year end from December 31 to March
31 earlier this year.  On today's call, we will discuss some
business updates for the most recent quarter and share with you
some recent developments and our plan going forward.

Ecoark is a diversified holding Company based in Rogers, Arkansas.
We currently have five wholly owned subsidiaries, Zest Labs,
440labs, Pioneer Products, Sable Polymer Solutions, and Magnolia
Solar.  Ecoark was founded in 2011 by Randy May who served as CEO
until he and the other members of the Ecoark's Board appointed me
as CEO in March of this year.  There were two factors that caused
me to make the decision to move my family halfway across the
country to Northwest Arkansas to join the Ecoark team.  The first
factor was the opportunity to work with Randy May and other members
of our Management team and a very strong Board of Directors we've
assembled.

The other factor was the opportunity to work with a ground breaking
solution like that of Zest Labs.  I was excited the day I joined
and I'm even more excited today at both the incredible progress and
opportunities within both Zest Labs and the other subsidiaries of
Ecoark Holdings.

Randy continues to actively serve as the Chairman of the Board and
I'm enjoying working closely with him, our executive team, the
Board and our staff to continually improve Ecoark on behalf of our
fellow shareholders.  Ecoark has established a strong Board of
Directors.  Our independent directors include John Cahill law firm
Norton Rose Fulbright, Susan Chambers, Former Chief Human Resource
Officer at Wal-Mart, Terry Matthews, EVP of J.B. Hunt Transport
Services and President of their Intermodal Segment, Gary Metzger,
Former President of Amco Plastics Materials, and Steve Nelson,
Former Controller of Dillard's with over 20 years of SEC reporting
experience.  Both Susan Chambers and Steve Nelson are recent
additions to the Board in May 2017 and we're excited to have
individuals of their character and caliber join an already
impressive group of individuals on our Board.

Ecoark CFO, Charles Rateliff and I began reorganizing the Ecoark
into a sector agnostic geographic agnostic holding company in May
of this year with a focus of generating long-term shareholder value
through strategic acquisitions, development of companies in our
portfolio and employing divestiture strategies to maximize the
value of our share of portfolio companies.  We expect a typical
holding period of one to five years for most subsidiaries in our
portfolio but may elect to hold investments much longer for
strategic purposes.  During that holding period, we plan to make
very strategic changes and investments in an effort to grow sales
within these subsidiaries. We will then consider exit alternatives
through various methods including private sales, spin offs and
partial majority-minority interest sales.  Our Executive Team and
Board have unique blend of experience and contacts which we feel
will make this model work for our Company.  As an example, we
divested our subsidiary Eco3d this year.  We established Eco3d in
2013 and then sold it in April of this year for proceeds with a
fair market value of $4.8 million at the time of closing.  This
resulted in a 140% gain on our $2 million in less than four years.
We believe we can continue to repeat this model going forward.

We have made other organizational changes recently including
leadership changes at both our Pioneer Products and Sable Polymer
Solutions subsidiaries.  We conduct deep dive budget to actual
reviews of each subsidiary and the holding Company on a monthly
basis and feel that we have created a culture of both
accountability and transparency within our organization.  We
in-sourced our legal function through the hiring of Stephen Dacus,
General Counsel.  We outsourced our Investor Relations function to
ICR based in New York and changed our public relations firm by
hiring Fama PR in Boston.  We continue to make additional changes
to run a lean, low overhead holding Company so that the majority of
our capital can be dedicated to new and existing subsidiaries.

We are looking to make further investments in our existing
subsidiaries such as additional personnel within Zest Lab,
strategic acquisitions for Pioneer Products, replacement equipment
to increase capacity at Sable Polymer Solutions and personnel for
pending opportunities with Magnolia Solar.  Although Zest Labs gets
the majority of the publicity and capital allocated within our
portfolio, we feel that making small targeted investments in our
other subsidiaries can have an accretive effect on the Company's
operating results.  We are also actively pursuing the purchase of
majority controlling interest in various companies. We've recently
analysed and performed due diligence on potential acquisitions
ranging anywhere from $1 million to $185 million investments. We
completed the acquisition of 440labs in the most recent quarter and
are on a continuous lookout for new opportunities.  Our target
acquisition for Ecoark would be either a new or existing business
looking for a strategic partner where we would purchase the
majority controlling interest while keeping existing ownership
incentivized via either a minority interest holding or a similar
transaction structure that would allow Ecoark to maintain control
while properly incentivizing the target stakeholders.

As an Executive Team we actively review and analyze investor
feedback provided to us by our Investor Relations team at ICR.  We
found this feedback valuable and welcome it as we're in constant
pursuit to improve our operations and increase shareholder value.
We will conduct these investor operating calls on a quarterly basis
going forward in order to provide proper access and business
operations updates to our shareholders.  We will also conduct
subsidiary events periodically going forward such as the Zest Labs
open house which is scheduled for September 27 in San Jose.  For
more information please visit either the Ecoark or the Zest Labs
websites.

Now, I'd like to provide a review an update on our portfolio
companies. Zest labs is a freshness management solutions subsidiary
which is currently focused on reducing food waste for retailers and
suppliers.  Zest Labs flagship product Zest Fresh is focused on
reducing the 30% of food waste currently burdening the post-harvest
fresh food industry.  Zest Labs has a total addressable market of
$182 billion of the annual perishable sales in the United States.
Zest Labs has developed an industry first freshness metric called
the ZIPR Code which is dynamically calculated by the Zest Fresh
software to determine the remaining freshness on each pallet of
perishable product.  In addition to produce, the Zest Fresh
solution can be used for various fresh products such as meat,
seafood and dairy.  Zest Labs has a strong experienced Management
team and a solution that is currently implemented at various
growers, cooling facilities and distribution centers within major
customers, and will be generating its first revenue on a per pallet
software as a service basis in the quarter ended September 2017.

Zest Labs has the only complete pallet level freshness solution on
the market and has a patent protected technology portfolio with 66
U.S. Patents.  Zest is currently selling to both retailers and
growers and has a pipeline of sales efforts that they are working
to close.  We are very excited about the current prospects and
anticipated future growth of the Company.  440labs is a software
development subsidiary of Zest Labs acquired in May 2017. 440labs
continues to support the Zest Fresh development with new features
and customisations.  We believe that Zest is perfectly positioned
to allow grocers of all sizes to differentiate themselves from
competition by emphasizing their fresh offerings.  An organization
can deliver cans of boxes of food via multiple distribution
options.  By emphasizing the quality of fresh products and
significantly reducing shrink of produce and other fresh products,
grocers can win over consumers who continue to place a premium on
the consumption of fresh food.  We have also received enthusiastic
support from growers of produce for Zest Fresh, the flagship
solution.

We announced in yesterday's press release that we're currently
exploring a potential spinoff of our Zest Lab subsidiary which
would include 440labs, a wholly owned subsidiary of Zest.  Our
Executive Team and Board of Directors feel that there is a
potential for Zest Labs to generate more shareholder value as a
standalone company than as a wholly owned subsidiary within our
holding company.  We are also considering other possible benefits
for a spin-off such as better analyst coverage and investor
interest as a standalone business outside of a holding company,
better messaging and identity as a focus company, increased ability
to add talent to the Board and leadership by recruiting high level
tech talent from across the country and Silicon Valley, separating
growth strategies and trajectories and potential increased upside
as a standalone tech company in an emerging market such as AgTech.
We're still very early in the process of course and there are a
number of known and unknown factors that we're working through as
we evaluate this potential opportunity.

Now, I will provide an update on our three remaining subsidiaries.
Pioneer Products is our closed loop sustainable products
subsidiary.  Pioneer is currently the vendor of record at Walmart
for a 45 gallon trash can made with a recycled resin that can be
purchased in over 3,700 Wal-Mart stores.  This trash can is part of
a closed loop process where plastic from Wal-Mart, Home Depot and
other sources are recycled by our subsidiary Sable Polymer
Solutions and sold back into stores through a made in the USA and
sustainability initiative instead of being sent to a landfill.
Pioneer has new leadership that is laser focused on increasing top
line revenue for Pioneer's existing business and on creating
additional revenue opportunities through potential new product
lines that are a strategic fit to Pioneer's business model. Pioneer
is aiming to become profitable by the end of our current fiscal
year.

Sable Polymer Solutions is our subsidiary focused on compounding
recycled plastics.  Sable currently recycles various products such
as car bumpers, icing buckets, plastic shelving, storage containers
and other materials into resin which is then sold to third parties
and is used in producing Pioneer's closed loop trash cans.  Sable
also has new leadership that is laser focused on increasing top
line revenue through new customer additions and cap ex for
equipment capacity increases.  Sable is aiming to become profitable
by the end of our current fiscal year and ISO certified in 2018.

Magnolia Solar is our thin film nano-technology solar subsidiary.
Magnolia currently has a portfolio of eight patents.  Magnolia is
actively pursuing various contracts as well as other opportunities
to commercialize its intellectual property.  This concludes the
review and update on our portfolio companies.

Now, I'd like to turn it over to Jay Oliphant, Corporate Controller
and Principal Financial Officer to provide a financial summary from
the 10-Q we filed yesterday.

Jay Oliphant:

Thank you, Jay.  As we address our financial information, I think
it's important to point out that at this stage of our Company's
development, we focus on results both according to the generally
accepted accounting principles and cash flows.  I encourage you to
review the quarterly report on Form 10-Q that we filed with the SEC
yesterday for more complete information as I only have time to
address some of the key points on this call.

On the cash front we increased our balances of cash and CDs from
$3.1 million at December 31, the $8.6 million at March 31 and up to
$11.6 million at June 30.  The increases reflect several successful
capital raises that we see as a sign of investor confidence in our
future.  We raised $9.1 million from common stock issuances and $2
million from the sale of the Eco3d in the recent quarter.  In the
previous quarter, we raised $8.4 million from stock issuances and
$4.3 million from debt issuances for convertible notes most of
which were converted to stock.

In the first six months of 2017, we've invested over $9 million in
Zest Labs to support their ongoing research, development and pilot
projects.  In addition, $3 million of noncash investment was
recorded in connection with the acquisition of 440labs in May.  On
the non-cash front, the single most significant item is our share
based compensation that has been previously disclosed in several
SEC filings.  The Company's Board elected to make stock awards a
significant part of the total compensation packages offered in
order to provide incentive for employees without requiring cash
expenditures at this stage of Company's development.  This also
aligns employee goals with those of stockholders.

In the recent quarter, we expensed $9.8 million of noncash share
based compensation and $3.3 million in the previous quarter.  Those
were the single most significant costs included in our GAAP net
losses of $13.6 million in the recent quarter and $8.3 million in
the prior quarter.

The Company's principal source of revenues in both 2017 and 2016
was Pioneer Products' sale of recycled plastic products and
materials that Jay has already described.  Those include the sales
of Sable the wholly owned subsidiary.  Pioneer sales for the three
months ended June 30, 2017, increased to $2.5 million from $2.4
million during the same period in 2016, an increase of $118,000 or
5%.  The Company's cost of revenues was also principally from
Pioneer, including Sable.  Cost of revenues was $2.8 million in
2017 which increased $340,000 from the same period in 2016 or 14%.
Margins on Pioneer sales were negative 11% in '17 compared to a
negative 2% in 2016, and the lower margin in '17 reflects the
temporary increase in labor and materials cost of Sable.

For Zest Labs, it sold a small number of RFID tags in the three
months ended June 30, 2017, and 2016 resulting in minimal revenue
from product sales.  No revenues from services are going to achieve
to-date but they are anticipated by the end of this quarter. Zest's
cost of revenues were also minimal.

On a consolidated basis, salaries and related costs for the three
months ended June 30, 2017 were $9.7 million compared to $1.3
million for the three months ended June 30, 2016.  The $18 million
[sic] increase was almost entirely due to the share based
compensation.  That increased $8.3 million to $8.6 million in 2017
from only $312,000 in 2016.

Professional fees and consulting expenses for the three months in
2017 of $1.9 million included $1.2 million of non-cash, most of the
balance.  Those were down $1.3 million or 40% from 2016. Back in
2016, we've spent $2.5 million of noncash share based compensation
to investment bankers and legal advisors related to the merger with
Magnolia in March of 2016.  Research and development expense
increased $677,000 or 72% to $1.6 million in the three months ended
June 30, 2017 compared with $943,000 during the same period in
2016.  These costs related to the development of Zest Fresh
solution that Jay has already described as we have several pilots
so the solution expanded in 2017 to multiple locations and
additional wages and development costs for research and development
activities were also incurred.  Significant research and
development expenditures related to Zest Fresh are expected to
continue.

Finally the net loss for the three months ended June 30, 2017, was
$13.6 million as compared to $5.9 million for the three months
ended June 30, 2016.  The Company has a net operating loss
carryforward for income tax purposes totaling approximately $70
million at June 30, 2017, that can be utilized to reduce future
income taxes.

This concludes the financial summary from the 10-Q we filed
yesterday.  Now I'd like to turn it over to Stephen Dacus our newly
hired General Counsel.

Stephen Dacus:

Thank you, Jay.  I was humbled when Ecoark's executive team asked
me to take a position as their General Counsel, and after my first
six weeks with the Company, I'm even more excited to be a part of
the incredible things that are happening here at Ecoark.

In the last six weeks, I've been working to further integrate the
business and legal functions of Ecoark.  I'm focused on providing
legal advice and guidance to the Board of Directors and the
Executive Team.  I'm working closely with our leadership team on
negotiations, analyzing transactional issues and deal structures
for potential transaction, performing due diligence and providing
other strategic advice on various potential opportunities that the
Company is exploring.  As I've gotten up to speed on the exciting
things that are happening at Ecoark, I've identified and executed
on several initiatives for the opportunities for the Company.  I've
also been working closely with the leadership teams at are
subsidiaries and I'm in-sourcing the legal functional if possible
as we work to reduce outside legal spend and to increase the
coordination between the Company's business and legal functions.

One particular matter I've been handling is our current application
for NASDAQ uplisting.  Our application is still active and under
consideration by NASDAQ, and although we don't have any additional
details on the potential timing for this process, we are performing
active follow up and coordination with our outside securities
counsel.  Again, I'm honored to be a part of the talented team at
Ecoark and I'm excited about all the things that are happening with
this Company.

At this time, I'd like to turn it over to Troy Richards, our Chief
Administrative Officer to moderate the Q&A portion of the
teleconference.

Troy Richards:

Thanks, Stephen.  John do we have any investor questions today?

Jon Mills:

We do. Shannon, could you poll for questions please.

Operator:

Yes, sir.  Thank you. Ladies and gentlemen, if you do wish to ask a
question, please signal by pressing star, one on your telephone
keypad. Please also make sure that your mute function is turned off
to alllow your signal to reach our equipment.  Once again, star,
one to be placed into the queue. At this time, we will pause for
just a moment to allow everyone the opportunity to signal.

We will take our first question from Mark Pearson with Nepsis
Capital Management.

Mark Pearson:

You guys are surprised aren't you? You guys are doing great. Good
to hear from you.  A question for you Troy.  On the issue with
revenue, you mentioned in the June quarter also that you guys were
expecting some revenue coming from Zest at the end of September
quarter.  Can you give any guidance on what that's going to look
like for us?

Troy Richards:

Jay, do you want to talk about that real quick?

Jay Puchir:

Sure.  Zest is currently undergoing a pilot at a major retailer,
and as we speak, recognizing revenue on a per pallet software as a
service basis throughout this pilot, so for the quarter ending
September 30th, we will recognize our first revenue within Zest.

Mark Pearson:

Okay. Thank you.

Troy Richards:

Next question?

Operator:

Ladies and gentlemen, as a reminder it is star, one to be placed
into the queue.  Star, one at this time.

Ladies and gentlemen, it appears at this time, we are—I'm sorry
we have a queue.  One moment.  Mark Pearson with Nepsis Capital
Management.

Mark Pearson:

I figure if no one is going to ask questions I'll just keep going.
So, appreciate the answer Jay.  You know, as you guys know I've
been involved with Ecoark since the beginning and was involved in
the Intelleflex acquisition, and so back when the Company was
private, I know that you guys were working with Wal-Mart on Zest
Solution.  Are guys working with anyone else at this time to
implement the Zest Solution as well?  I think you mentioned some
pilots earlier, and obviously now since you're a public Company,
we're not getting any information as to how that's all going.  Can
you comment on other opportunities that are happening out there and
how far along you are in the pilot process?

Troy Richards:

Yes, Mark.  Thanks for the question.c Obviously, you know, some of
the pilots we're in and the things we're doing right now are under
NDA, so we have to honor that, but we're definitely working with
other retailers, many other retailers and suppliers which include
the growers and coolers and shippers; the shippers being typically
the brand names that you're familiar with in the grocery stores.
We're particularly excited about working with the growers and the
shippers right now because they provide the products for every
retailer which really opens a much bigger market for Zest without
100% relying on retailer deploying it.  Just for an example, one
cooler and one grower that we're working with shoots through 23
million flats per year just through that one facility, so 23
million flats of strawberries, so it will give you an idea of the
size.  I think we are really showing the value of the Zest solution
to the growers and how they can deliver better quality, the
retailers through the Zest Intelligent routing feature which is the
only software that does that.

Visibility and traceability as you know are important to them, and
until Zest, they use antiquated method to determine their
(inaudible) and their life, and I was actually out there visiting
one of the farms and a couple of quotes from growers, which I think
is interesting, is he said, you know we can sit on our couch or lay
on the beach and watch the progress and condition of the pallet on
the bypath.  Now, that's pretty powerful when an owner or a grower
can sit there and watch every pallet go through—another guy said
without data, it's just an opinion and Zest provides the data.  We
think we're doing really well with the growers right now, and I
think more to come on that in terms of the actual customers.

Mark Pearson:

Sure. Sure. Okay, great.

Troy Richards:

Are we working on anything else, is that what your follow-up on
that?

Mark Pearson:

No, yes, it was, you know, other pilot projects that you may be
involved in in progress, and I don't know if you can even comment
in terms of what are you are seeing from experiencing? I mean,
obviously Zest is a relatively "new technology" in the grand scheme
of things, but do you have any sort of guidelines or expectations
for how long you guys want to see pilots move before they become a
customer?

Troy Richards:

Yes, I mean, the AgTech industry is an emerging market and we think
we're at the forefront with our technology.  So, you know, any
industry like the farming industry has done things a certain way
for a long time.  It takes a little while to get them to change
through habits.  Once that’s done, I think it'll be a great thing
for us.

The other thing Mark to consider too is the Zest platform was built
to manage several different categories, not just produce. So,
thinks like pharma, meat, seafood, wine, other high valued items
which (inaudible) earlier. One thing we wanted to make sure is that
when we are building this software that it was scalable and
customizable so we can grow with these other industries too.

Another area is delivery and we all know that delivery is a major
growth area, that there is not a day that goes by that we don’t
see somebody starting a delivery service or a grocery delivery
service, and we have patented solution that we want to do soon that
provides this real client visibility due to these delivery
services. I think that'll be another product that we will
introduce.

Mark Pearson:

Right, I totally agree.  In fact, it's interesting you talk about
the scalability of the technology and of course Zest is a cloud
based technology which is between supply chain Management and cloud
based technology obviously is an extremely hot area on Wall Street
right now, and so I was obviously very pleased to see the release
yesterday and the potential spin off of Zest, and looking at other
strategic options.

If you're going to do -- as you're looking at your options, I'm
assuming that would be in the form of some sort of an IPO on a
major exchange, and if you can answer that and if so, I think a lot
of investors probably would like to know how does that impact them
in their current Ecoark shares?

Troy Richards:

Jay, I'm going to hand that over to you.

Jay Puchir:

Sure.  All I can say right now is that everything's on the table.
We have been speaking with investment banks for a few weeks now and
have gotten very positive feedback, and are basically looking—the
ultimate solution we end up going with the spin off if we move
forward with it, we will be in the best interest of the
shareholder, so that's all we can say at this point, but I've
gotten very, very positive feedback so far and are really excited
about this.

Mark Pearson:

Good. Excellent.  I'll take a break in case someone else wants to
ask a question.

Operator:

Thank you.  Ladies and gentlemen, that does conclude today's
question-and-answer session.  I would like to turn the conference
back over Management for closing remarks.

John Mills:

Thank you, Shannon.  This does conclude the question-and-answer
portion of our teleconference.  If there are any investors who have
not had additional—the ability to answer additional questions,
you certainly can contact myself or Management by going to Ecoark's
website, and with that I would like to turn the call back over to
Jay Puchir.

Jay Puchir:

Thanks, John.  In summary, we really appreciate the support of our
investors during this transition period as we've made numerous
changes within both the holding Company and our subsidiaries.  We
feel that we've built and developed a strong team that has already
begun taking this Company to the next level.  In the coming
quarters, we hope to provide updates on additional progress within
Zest Labs, growth and improvements on our other subsidiaries, as
well as potential additional acquisitions and divestitures.  We
will also provide updates as they occur on both our active
application to uplist to the NASDAQ capital market, as well as our
exploration of a potential spin off of our Zest Labs subsidiary. We
will continue to be receptive to and will explore any opportunities
to generate long term shareholder value.

We are committed to being good stewards of your investment and
thanks for joining us today.

Operator

Ladies and gentleman, that does conclude today's conference.  We
thank you for your participation and you may now disconnect.

                    About Ecoark Holdings

Ecoark Holdings, Inc. -- http://ecoarkusa.com/-- is a technology
solutions company.  The Company offers technologies to fight waste
in operations, logistics, and supply chains worldwide.  It provides
pallet-level time and temperature tracking, pre-cool prioritization
and monitoring, pallet routing, real-time in-transit monitoring,
remote visibility, and quality management solutions.  The company
currently has three wholly-owned subsidiaries: Zest Labs, Pioneer
Products and Magnolia Solar.

Ecoark reported a net loss of $25.23 million on $14.40 million of
revenues for the year ended Dec. 31, 2016, compared to a net loss
of $10.47 million on $7.67 million of revenues for the year ended
Dec. 31, 2015.  As of June 30, 2017, Ecoark had $22.91 million in
total assets, $3 million in total liabilities and $19.90 million in
total stockholders' equity.

KBL, LLP, in New York, issued a "going concern" qualification on
the consolidated financial statements for the year ended Dec. 31,
2016, citing that the Company has incurred substantial losses and
needs to obtain additional financing to continue the development of
their products.  The lack of profitable operations raises
substantial doubt about the Company's ability to continue as a
going concern.


ENERGY FUTURE: Sempra Energy to Buy Business for $9.45 Billion
--------------------------------------------------------------
Sempra Energy on Aug. 20, 2017, announced an agreement to acquire
Energy Future Holdings Corp. (Energy Future), the indirect owner of
80 percent of Oncor Electric Delivery Company, LLC (Oncor),
operator of the largest electric transmission and distribution
system in Texas.

Under the agreement, Sempra Energy will pay approximately $9.45
billion in cash to acquire Energy Future and its ownership in
Oncor, while taking a major step forward in resolving Energy
Future's long-running bankruptcy case.  The enterprise value of the
transaction is approximately $18.8 billion, including the
assumption of Oncor's debt.

The transaction is expected to be accretive to Sempra Energy's
earnings beginning in 2018.

"Both Sempra Energy and Oncor share more than 100 years of
experience operating utilities that deliver safe, reliable energy
to millions of customers," said Debra L. Reed, chairman, president
and CEO of Sempra Energy.  "With its strong management team and
long, distinguished history as Texas' leading electric provider,
Oncor is an excellent strategic fit for our portfolio of utility
and energy infrastructure businesses.  We believe our agreement
with Energy Future will help ensure that Texas utility customers
continue to receive the outstanding electric service they have come
to expect from Oncor and provide stability to Oncor's nearly 4,000
employees."

"For investors, this transaction is expected to enhance our
earnings beginning in 2018 and further expand our regulated
earnings base, while serving as a platform for future growth in the
Texas energy market and U.S. Gulf Coast region," said
Ms. Reed.

Sempra Energy expects to fund the $9.45 billion transaction using a
combination of its own debt and equity, third-party equity, and $3
billion of expected investment-grade debt at the reorganized
holding company.  Sempra Energy has received financing commitments
from RBC Capital Markets and Morgan Stanley.  Sempra Energy expects
its equity ownership after the transaction to be approximately 60
percent of the reorganized holding company.

As a result of the transaction, it is anticipated that Oncor's
underlying financial strength and credit ratings will improve.
Sempra Energy also will maintain the existing independence of
Oncor's board of directors, which has protected Oncor and its
customers during the ongoing Energy Future bankruptcy.

"It is important for Oncor to remain financially strong," Ms. Reed
said.  "Our proposal will help bring a satisfactory resolution to
Energy Future's bankruptcy case, keep Oncor financially strong, and
protect Oncor customers, while addressing the needs of Texas
regulators, creditors and the U.S. Bankruptcy Court."

As part of the transaction, Sempra Energy has committed to support
Oncor's plan to invest $7.5 billion of capital over a five-year
period to expand and reinforce its transmission and distribution
network.

At the completion of the transaction, Bob Shapard, Oncor's CEO,
will become executive chairman of the Oncor board of directors and
Allen Nye, currently Oncor's general counsel, will succeed Shapard
as Oncor's CEO.  Both are slated to serve on the Oncor board, which
will consist of 13 directors, including seven independent directors
from Texas, two from existing equity holders and two from the new
Sempra Energy-led holding company.

The transaction is subject to customary closing conditions,
including the approval of the Public Utility Commission of Texas,
U.S. Bankruptcy Court of Delaware, Federal Energy Regulatory
Commission and the U.S. Department of Justice under the
Hart-Scott-Rodino Act.

Sempra Energy expects the transaction to be completed in the first
half of 2018. Lazard and Morgan Stanley are acting as financial
advisors to Sempra Energy and, White & Case LLP, as legal advisor.

Sempra Energy plans to webcast a conference call for investors,
financial analysts, news media and the general public later this
week, with details to follow.

Headquartered in Dallas, Oncor is a regulated electric transmission
and distribution service provider that serves 10 million customers
across Texas.  Using cutting-edge technology, more than 3,700
employees work to safely maintain reliable electric delivery
service with the largest distribution and transmission system in
Texas; made up of approximately 122,000 miles of lines and more
than 3.4 million meters across the state.

Sempra Energy includes San Diego Gas & Electric, Southern
California Gas Co., Sempra South American Utilities, Sempra Mexico,
Sempra Renewables and Sempra LNG & Midstream.  Sempra LNG &
Midstream currently is developing the Port Arthur LNG
liquefaction-export project on the Gulf Coast of Texas.  Sempra
Energy formerly owned and operated 10 power plants in the Texas
electric market and currently maintains a 200-person office in
Houston to support marketing and development activities.

Sempra Energy, based in San Diego, is a Fortune 500 energy services
holding company with 2016 revenues of more than $10 billion.  The
Sempra Energy companies' more than 16,000 employees serve
approximately 32 million consumers worldwide.

                       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.

On May 13, 2014, the U.S. Trustee appointed the Official Committee
of TCEH Unsecured Creditors in the Chapter 11 Cases.  The TCEH
Committee is composed of (a) the Pension Benefit Guaranty
Corporation; (b) HCL America, Inc.; (c) BNY, as Indenture Trustee
under the EFCH 2037 Notes due 2037 and the PCRBs; (d) LDTC, as
Indenture Trustee under the TCEH Unsecured Notes; (e) Holt Texas
LTD, d/b/a Holt Cat; (f) ADA Carbon Solutions (Red River); and (g)
Wilmington Savings, as Indenture Trustee under the TCEH Second Lien
Notes.  The TCEH Committee retained Morrison & Foerster LLP as
counsel; Polsinelli PC as co-counsel and conflicts counsel; Lazard
Freres & Co. LLC as investment banker; FTI Consulting, Inc. as
financial advisor; and Charles River Associates as an energy
consultant.

On October 27, 2014, the U.S. Trustee appointed the Official
Committee of Unsecured Creditors representing the interests of the
unsecured creditors for EFH, EFIH, EFIH Finance, and EECI, Inc.
The EFH/EFIH Committee is composed of (a) American Stock Transfer &
Trust Company, LLC; (b) Brown & Zhou, LLC c/o Belleair Aviation,
LLC; (c) Peter Tinkham; (d) Shirley Fenicle, as
successor-in-interest to the Estate of George Fenicle; and (e)
David William Fahy.  The EFH/EFIH Committee retained Montgomery,
McCracken, Walker & Rhodes, LLP as co-counsel and conflicts
counsel; AlixPartners, LLP as restructuring advisor; Sullivan &
Cromwell LLC as counsel; Guggenheim Securities as investment
banker; and Kurtzman Carson Consultants LLC as noticing agent for
both the TCEH Committee and the EFH/EFIH Committee.

Given the size and complexity of the Chapter 11 Cases, the U.S.
Trustee proposed, and the Debtors and the TCEH Committee agreed, to
recommend that the Bankruptcy Court appoint a committee to, among
other things, review and report as appropriate on fee applications
and statements submitted by the professionals paid for by the
Debtors' Estates.  The Fee Committee is comprised of four members:
(a) one member appointed by and representative of the Debtors
(Cecily Gooch, Vice President and Special Counsel for
Restructuring, Energy Future Holdings); (b) one member appointed by
and representative of the TCEH Creditors' Committee (Peter Kravitz,
Principal and General Counsel, Province Capital); (c) one member
appointed by and representative of the U.S. Trustee (Richard L.
Schepacarter, Trial Attorney, Office of the United States
Trustee);
and (d) one independent member (Richard Gitlin, of Gitlin and
Company, LLC).   The Fee Committee retained Godfrey & Kahn, S.C. as
counsel; and Phillips, Goldman & Spence, P.A. as co-counsel.

                          *     *     *

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.


EXCO RESOURCES: Receives NYSE Listing Non-Compliance Notice
-----------------------------------------------------------
EXCO Resources, Inc., on Aug. 16, 2017, disclosed that on Aug. 10,
2017, it was notified by the New York Stock Exchange (the "NYSE")
that it is not in compliance with the continued listing standards
set forth in Section 802.01B of the NYSE's Listed Company Manual
because the Company's average global market capitalization fell
below $50 million over a trailing consecutive 30 trading-day period
while its shareholders' equity was less than $50 million.  As
required by the NYSE, the Company plans to notify the NYSE within
ten business days of its intent to cure the deficiency and return
to compliance with the NYSE's continued listing requirements.

The Company has 45 days from the receipt of the notice of
noncompliance to submit a business plan to the NYSE demonstrating
how it intends to regain compliance with the continued listing
standards set forth in Section 802.01B of the Listed Company
Manual.  The Company intends to develop and submit such a business
plan within the required time frame and will continue to work with
the NYSE to attempt to comply with all continued listing standards.
Assuming that the NYSE accepts the plan, the Company will be
subject to quarterly monitoring for compliance with the business
plan and the Company's common shares will continue to trade on the
NYSE, subject to the Company's compliance with other NYSE continued
listing requirements.

The notice has no immediate impact on the listing of the Company's
common shares, which will continue to be listed and traded on the
NYSE during this period, subject to the Company's compliance with
the other listing requirements of the NYSE.  The Company's common
shares will continue to trade under the symbol "XCO," but will have
an added designation of ".BC" to indicate the status of the common
shares as "below compliance."

If the Company's common shares ultimately were to be delisted for
any reason, it could negatively impact the Company by (i) reducing
the liquidity and market price of the Company's common shares; (ii)
reducing the number of investors willing to hold or acquire the
common shares, which could negatively impact the Company's ability
to raise equity financing; (iii) limiting the Company's ability to
use a resale registration statement on Form S-3 to offer and sell
freely tradable securities, thereby preventing the Company from
accessing the public capital markets; and (iv) impairing the
Company's ability to provide equity incentives to its employees.

The NYSE notification does not affect EXCO's business operations or
its Securities and Exchange Commission ("SEC") reporting
requirements and does not conflict with or cause an event of
default under any of the Company's material debt agreements.

                            About EXCO

EXCO Resources, Inc. -- http://www.excoresources.com/-- is an oil
and natural gas exploration, exploitation, acquisition, development
and production company headquartered in Dallas, Texas with
principal operations in Texas, Louisiana and Appalachia.

EXCO Resources reported a net loss of $225.3 million on $271
million of total revenues for the year ended Dec. 31, 2016,
compared to a net loss of $1.19 billion on $355.70 million of total
revenues for the year ended Dec. 31, 2015.  As of March 31, 2017,
EXCO Resources had $670.71 million in total assets, $1.53 billion
in total liabilities and a $865.44 million total shareholders'
deficit.

KPMG LLP, in Dallas, Texas, issued a "going concern" qualification
on the consolidated financial statements for the year ended Dec.
31, 2016, citing that probable failure to comply with a financial
covenant in its credit facility as well as significant liquidity
needs, raise substantial doubt about the Company's ability to
continue as a going concern.

                           *    *    *

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

In March 2017, S&P Global Ratings raised its corporate credit
rating on EXCO Resources to 'CCC-' from 'SD' (selective default).
The rating outlook is negative.  "The upgrade reflects our
reassessment of our corporate credit rating on EXCO after the
company exchanged most of its outstanding 12.5% second-lien secured
term loans for $683 million new 1.75-lien secured payment-in-kind
(PIK) term loans," said S&P Global Ratings' credit analyst
Alexander Vargas.


FCBM LLC: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------
The Office of the U.S. Trustee on August 18 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of FCBM, LLC.

                        About FCBM LLC

FCBM, LLC, sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W.D. Pa. Case No. 17-10704) on July 5, 2017.  Ed Fine,
manager, signed the petition. Judge Thomas P. Agresti presides over
the case.  The Debtor estimated assets and liabilities of less than
$1 million.

John F. Kroto, Esq. and Guy C. Fustine, Esq., at Knox McLaughlin
Gornall & Sennett P.C., serve as the Debtor's counsel.  Cherie
Jones, at Coldwell Banker is the Debtor's real estate broker.


FIELDPOINT PETROLEUM: Total Q2 Revenues Increased to $900K
----------------------------------------------------------
FieldPoint Petroleum Corporation announced financial results for
the second quarter ended June 30, 2017.

Phillip Roberson, president and CFO, said, "I am pleased to report
this significant progress toward regaining full compliance with
both our lender and the NYSE American listing requirements.  This
is due in great part to the previously announced sale of non-core
assets in New Mexico, but also aided by our improved operating
performance.  We plan to continue with the current strategy, and
expect to meet our objectives by early November."

Q2 2017 Financial Highlights Compared to Q2 2016

  * Total Revenues increased to $899,691 from $780,580;

  * Net Income increased to $1,747,186 from a Net Loss of
($587,433); and

  * Net Income per share increased, basic to $0.16 from a Net Loss
of ($0.07).

Mr. Roberson added, "The energy market is showing signs of
improvement, and our cost containment strategies are working.  I
want to thank all of our loyal shareholders who have supported us
through this difficult time.  And, once again, I want to express
our appreciation to CitiBank and NYSE Issuer Regulation for their
support and cooperation."

                    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 June 30, 2017, FieldPoint had
$8.01 million in total assets, $7.54 million in total liabilities
and $474,239 in total stockholders' equity.

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.


FINJAN HOLDINGS: Has $40 Million Current Cash as of June 30
-----------------------------------------------------------
A copy of materials that will be used by Finjan Holdings, Inc. from
time to time, in whole or in part, and possibly with modifications,
in connection with presentations to investors, analysts and others
has been filed with the Securities and Exchange Commission at
https://is.gd/irsgX3

These materials are dated August 2017, and the Company disclaims
any obligation to correct or update these materials in the future.
  
As disclosed in the presentation, cybersecurity products and
services are expected to grow from $75 billion in 2015 to $175
billion by 2020.  Cyber risk insurance market is projected to
triple from $2.5 billion in 2015 to $7.5 billion by 2020.
According to the Verizon Data Breach Report 2016, there were 64,199
security incidents and 2,260 confirmed data breaches reported in 82
countries.

As of June 30, 2017, Finjan had 27.5 million common shares
outstanding, $39.9 million current cash and 15.3 million preferred
shares outstanding.

                          About Finjan

Established 20 years ago, Finjan Holdings, Inc. (NASDAQ: FNJN)
formerly Converted Organics Inc. -- http://www.finjan.com/-- is a
globally recognized leader in cybersecurity.  Finjan's inventions
are embedded within a strong portfolio of patents focusing on
software and hardware technologies capable of proactively detecting
previously unknown and emerging threats on a real-time,
behavior-based basis.

Finjan reported a net loss attributable to common stockholders of
$6.43 million for the year ended Dec. 31, 2016, a net loss
attributable to common stockholders of $12.60 million for the year
ended Dec. 31, 2015, and a net loss of $10.47 million for the year
ended Dec. 31, 2014.  As of June 30, 2017, Finjan had $43.42
million in total assets, $7.64 million in total liabilities, $18
million in Series A-1 preferred stock and $17.77 million total
stockholders' equity.


FIRST NBC: DebtX Sets Bid Dates for $1.1 Billion Sale Of Loans
--------------------------------------------------------------
DebtX, the largest marketplace for loans, on Aug. 17, 2017,
announced the sale of $1.1 billion in First NBC loans on behalf of
the Federal Deposit Insurance Corporation (FDIC) will take place on
two separate dates.

On Sept. 12, DebtX will offer a $117 million, single-relationship
pool secured by energy-related assets in Louisiana. The closing
date for this pool is Sept. 29.

On Sept. 26, DebtX will take bids on 17 pools of loans totaling
$1.04 billion.  The portfolio consists of performing and
non-performing loans and is comprised primarily of Commercial &
Industrial (C&I), real estate backed C&I, single family
residential, and government guaranteed loans.  The loan pools range
in size from individual participations to a large-balance pool with
12 relationships totaling $428 million in unpaid principal balance
(UPB).  The closing date is Oct. 18.

Investors interested in bidding must be registered and approved
with DebtX for FDIC sales.  To apply, go to DebtX's registration
page at
https://www.debtx.com/Registrations/Account/Select and select the
FDIC Market Application option.

"The assets in this sale will appeal to investors of all sizes,"
said DebtX CEO Kingsley Greenland.  "We have already had
significant interest in these loans from a wide range of investors
and expect active bidding on both dates."

DebtX, which has a long-standing relationship with the FDIC, has
executed 77 sales for the agency.  Not including the First NBC
transaction, DebtX has sold more than $5.4 billion in UPB for the
FDIC since 2007.

For more information about the First NBC Bank portfolio, contact
Ken Daley, 617.531.3428 or Mike Capozzi, 617.531.3454, or email
FDIC-FNB17@debtx.com.

                             About DebtX

DebtX -- http://www.debtx.com/-- operates the world's most liquid
marketplace for loans.  Through its loan sale advisory, DebtX
maximizes loan sale proceeds for financial institutions and
government agencies.  DebtX also provides loan valuation, analytics
and market data for regulatory and audit purposes. For syndication,
agency, and loan sale professionals, DebtX provides a suite of
web-based deal management solutions. For loan originators and risk
managers, DXScore(R) is the firm's credit rating system for
commercial real estate loans. DebtX is based in Boston, with
offices across the U.S., South America, Europe and Asia.

                    About First NBC Bank Holding

First NBC Bank Holding Company -- http://www.firstnbcbank.com/--  
is a bank holding company, headquartered in New Orleans, Louisiana,
which offers a broad range of financial services through its
wholly-owned banking subsidiary, First NBC Bank, a Louisiana state
non-member bank.  

First NBC Bank's primary market is the New Orleans metropolitan
area and the Florida panhandle.  It serves its customers from its
main office located in the Central Business District of New
Orleans, 38 full service branch offices located throughout its
market and a loan production office in Gulfport, Mississippi.

First NBC Bank sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D. La. Case No. 17-11213) on May 11, 2017.  The
petition was signed by Lawrence Blake Jones, chief restructuring
officer.  The Debtor disclosed $6 million in assets and $65 million
in liabilities as of May 10, 2017.

The bankruptcy filing follows the appointment of the Federal
Deposit Insurance Corporation as receiver of First NBC Bank, the
Debtor's wholly owned subsidiary and principal asset, on April 28,
2017, for which the Debtor has previously announced that it does
not expect any recovery.

The case is assigned to Judge Elizabeth W. Magner.  Steffes,
Vingiello & McKenzie, LLC, is the Debtor's bankruptcy counsel.

On May 18, 2017, the U.S. Trustee for Region 5 appointed an
official committee of unsecured creditors.  Jeffrey D. Sternklar
LLC is the committee's legal counsel.

No trustee or examiner has been appointed or designated in the
case.


FORD STEEL: Voluntary Chapter 11 Case Summary
---------------------------------------------
Debtor: Ford Steel, LLC
        24800 Ford Road
        Porter, TX 77365

Type of Business: Ford Steel LLC -- http://www.fordsteelllc.com--
                  is an AISC certified steel fabricator using
                  state of the art CNC machinery.  The Company   
                  fabricates platforms, skids, ladders,  
                  communication/broadcast towers, custom
                  fabrications & more.  Its office and plant are
                  conveniently located only 30 miles north of
                  Houston and the Port of Houston, allowing not
                  only nationwide delivery but worldwide as well.

                  On Aug. 24, 2006, H.C. Jeffries Tower Company,
                  Inc., established in 1979, purchased a
                  fabrication plant, which is now Ford Steel,
                  LLC., a part of the H.C. Jeffries Tower Company
                  Group.  Since the purchase, the 55,000 square
                  foot facility has grown to 100,000 square feet
                  with over 60 employees.  Ford Steel, LLC has an
                  extensive clientele list including ExxonMobil,
                  Optimized Process Designs, LyondellBasell,
                  Integrated Flow Solutions and Alimak Hek, to
                  name a few.

Chapter 11 Petition Date: August 21, 2017

Case No.: 17-35028

Court: United States Bankruptcy Court
       Southern District of Texas (Houston)

Judge: Hon. Karen K. Brown

Debtor's Counsel: Julie Mitchell Koenig, Esq.
                  COOPER & SCULLY, P.C.
                  815 Walker, Suite 1040
                  Houston, TX 77002
                  Tel: 713-236-6800
                  Fax: 713-236-6880
                  E-mail: julie.koenig@cooperscully.com

Estimated Assets: $10 million to $50 million

Estimated Debts: $10 million to $50 million

The petition was signed by Herbert C. Jeffries, managing member.  A
full-text copy of the petition is available for free at:

            http://bankrupt.com/misc/txsb17-35028.pdf

The Debtor did not file a list of its 20 largest unsecured
creditors on the Petition Date.


FOREVERGREEN WORLDWIDE: Incurs $696,000 Net loss in 2nd Quarter
---------------------------------------------------------------
Forevergreen Worldwide Corporation filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $696,414 on $4.77 million of net total revenues for the
three months ended June 30, 2017, compared to net income of
$189,719 on $10.79 million of net total revenues for the three
months ended June 30, 2016.  For the six months ended June 30,
2017, Forevergreen reported a net loss of $1.20 million on $10.88
million of net total revenues compared to a net loss of $332,800 on
$22.74 million of net total revenues for the same period during the
prior year.

As of June 30, 2017, ForeverGreen had $4.45 million in total
assets, $12.55 million in total liabilities and a total
stockholders' deficit of $8.10 million.

The Company's total assets decreased to $4,453,175 as of June 30,
2017, compared to $5,724,550 as of Dec. 31, 2016.  The 22% decrease
of $1,271,375 is due to decreases in inventory of $474,608, other
receivables of $149,153 related to the collection of a litigation
settlement, and property and equipment of $388,561 due to
depreciation and amortization.

The Company's total liabilities at June 30, 2017, were $12,557,094
compared to $13,374,162 at Dec. 31, 2016, a decrease of $817,068.
This decrease is attributable to a $1,099,685 decrease in accrued
expenses.

As reported in the accompanying consolidated financial statements
the Company has a working capital deficit of $6,020,072 and
accumulated deficit of $43,950,689 at June 30, 2017, negative cash
flows from operations, and has experienced periodic cash flow
difficulties.  These factors raise substantial doubt about the
Company's ability to continue as a going concern.  Management's
plans to address and alleviate these concerns are as follows.

"The Company has reviewed its cost structure and is taking steps to
implement cost saving measures deemed to be effective.  This
includes reductions in our labor force, restructuring of our lease
agreements, revised pricing of certain products to enhance sales
incentives, and a marketing plan which involves more interaction
with a broad scope of customers and Members.  

"Additionally, we expect we will take advantage of limited
international expansion opportunities.  These expansion
opportunities will continue to be evaluated and those which provide
the best opportunity for success will be pursued on a priority
basis.  New products have been and will continue to be introduced
to bolster Member recruiting and sales.  Management is reviewing
improvements to the marketing plan which will enhance the
opportunities for continued growth.  The Company intends to seek
debt and equity financing as necessary.

"Management anticipates that any future additional capital needed
for cash shortfalls will be provided by debt financing.  We may pay
these loans with cash, if available, or convert these loans into
common stock.  We may also issue private placements of stock to
raise additional funding.  Any private placement likely will rely
upon exemptions from registration provided by federal and state
securities laws.  The purchasers and manner of issuance will be
determined according to our financial needs and the available
exemptions.  We also note that if we issue more shares of our
common stock our shareholders may experience dilution in the value
per share of their common stock."  

The Company has an agreement with a related party, Marine Life
Sciences, LLC, that supplies 100% of the marine phytoplankton
included in several top selling products.  If that vendor were to
discontinue the supply of this ingredient, our sales could decrease
significantly.  There are other providers of that ingredient in the
world, however, the Company considers this provider to have the
very best quality, which is nutritionally superior to other sources
of this ingredient, and has no intention of obtaining it from any
other provider.

As of June 30, 2017, the Company has $1,864,153 in debt that will
be due in the next twelve months.  Management anticipates it will
satisfy these notes payable through increased revenues or
negotiation of new payment due dates.

Subsequent to June 30, 2017, the Company issued four promissory
notes totaling $3,826,826 in exchange for payment of $3,192,742 of
notes payable, payment of $434,363 of accrued interest and cash of
$200,000.  The due date for these promissory notes is Dec. 31,
2018.

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

                    https://is.gd/mIrFbG

                About ForeverGreen Worldwide

Orem, Utah-based ForeverGreen Worldwide Corporation is a holding
company that operates through its wholly owned subsidiary,
ForeverGreen International, LLC.  The Company's product philosophy
is to develop, manufacture and market the best of science and
nature through innovative formulations as it produces and
manufactures a wide array of whole foods, nutritional supplements,
personal care products and essential oils.

For the year ended Dec. 31, 2016, ForeverGreen reported a net loss
of $5.90 million on $40.27 million of net total revenues for the
year ended Dec. 31, 2016, compared to a net loss of $2.62 million
on $67.12 million of net total revenues for the year ended Dec. 31,
2015.

Sadler, Gibb & Associates, LLC, in Salt Lake City, UT, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2016, citing that the
Company has suffered net losses since inception and has accumulated
a significant deficit.  These factors raise substantial doubt about
its ability to continue as a going concern.


FOUNDATION HEALTHCARE: Recovery for Unsecureds Unknown Under Plan
-----------------------------------------------------------------
University General Hospital, LLC, and Foundation Healthcare, Inc.,
filed with the U.S. Bankruptcy Court for the Northern District of
Texas a disclosure statement dated Aug. 9, 2017, referring to the
Debtors' first amended Chapter 11 plan of liquidation dated as of
Aug. 8, 2017.

Class 5 General Unsecured Claims are impaired by the Plan.
Estimated recovery is yet unknown.  Holders will receive their pro
rata share of all remaining property of the Debtors after (a) full
satisfaction of the DIP administrative claim, allowed priority
claims, and allowed secured claims in Classes 1, 2 and 3 (solely as
to the collateral applicable to the class), and (b) payment of the
plan administrative funding.

Class 5 will consist of two subclasses, FHI Class 5 and UGH Class
5.  FHI Class 5 - Allowed General Unsecured Claims: FHI Class 5
consists of Allowed General Unsecured Claims against FHI.  UGH
Class 5 - Allowed General Unsecured Claims: UGH Class 5 consists of
Allowed General Unsecured Claims against UGH.

Each holder of an Allowed General Unsecured Claim in FHI Class 5
will receive in full satisfaction, settlement, release, and
discharge of and in exchange for the Allowed General Unsecured
Claim, their pro rata share of all remaining property of FHI after
(a) payment of the DIP Administrative Claim, Allowed Priority
Claims, and Allowed Secured Claims in FHI Classes 1, 2 and 3
(solely as to the Collateral applicable to the class), and (b)
payment of the Plan Administrative Funding, until all Allowed
General Unsecured Claims in FHI Class 5 are paid in full or all of
the property of FHI's estate has been distributed.  Distributions
to holders of Allowed FHI Class 5 Claims will be made at such time
or times that the Plan Administrator, in his discretion, determines
that a distribution to holders of Allowed FHI Class 5 Claims is
appropriate, taking into consideration the number and amount of FHI
Class 5 Claims that remain in dispute.

While FHI Class 5 will include the Deficiency Claim of the
Prepetition Lenders against FHI not otherwise satisfied in FHI
Class 1, Distributions to the Prepetition Agent on account of the
FHI Class 5 Deficiency Claim will in no event exceed 50% of the
total distributions made to Holders of Allowed FHI Class 5 Claims
until the time as all Allowed General Unsecured Claims that are not
part of the Deficiency Claim of the Prepetition Lenders in FHI
Class 5 are paid in full.  Upon payment in full of the
non-Deficiency Claim Allowed General Unsecured Claims, the
Deficiency Claim will receive 100% of any remaining Distributions
to FHI Class 5, if any.

FHI Class 5 is impaired under the Plan, and holders of Claims in
FHI Class 5 are entitled to vote to accept or reject the Plan.  The
estimated recovery to Allowed FHI Class 5 Claims is unknown.  Each
holder of an Allowed General Unsecured Claim in UGH Class 5 will
receive in full satisfaction, settlement, release, and discharge of
and in exchange for Allowed General Unsecured Claim, their pro rata
share of all remaining property of UGH after (a) payment of the DIP
Administrative Claim, Allowed Priority Claims, and Allowed Secured
Claims in UGH Classes 1, 2 and 3 (solely as to the Collateral
applicable to such Class), and (b) payment of the Plan
Administrative Funding, until all Allowed General Unsecured Claims
in UGH Class 5 are paid in full or all of the property of UGH's
estate has been distributed.  Distributions to holders of Allowed
UGH Class 5 Claims will be made at the time or times that the Plan
Administrator, in his discretion, determines that a distribution to
holders of Allowed UGH Class 5 Claims is appropriate, taking into
consideration the number and amount of UGH Class 5 Claims that
remain in dispute.

While UGH Class 5 will include the Deficiency Claim of the
Prepetition Lenders against UGH not otherwise satisfied in UGH
Class 1, distributions to the Prepetition Agent on account of the
UGH Class 5 Deficiency Claim will in no event exceed 50% of the
total distributions made to Holders of Allowed UGH Class 5 Claims
until the time as all Allowed General Unsecured Claims that are not
part of the Deficiency Claim of the Prepetition Lenders in UGH
Class 5 are paid in full.  Upon payment in full of the
non-Deficiency Claim Allowed General Unsecured Claims, the
Deficiency Claim will receive 100% of any remaining Distributions
to
UGH Class 5, if any.  UGH Class 5 is impaired under the Plan, and
holders of claims in UGH Class 5 are entitled to vote to accept or
reject the Plan.  The estimated recovery to Allowed UGH Class 5
Claims is unknown.

Holders of Class 6 Interests in the Debtors will get no
distribution.  This class is impaired by the Plan.

The Plan proposed by the Debtors is a liquidating plan.  The Plan
will be funded, in large part, through liquidation of the Debtors'
assets, including pursuit of Causes of Action.

The Debtors' assets are set forth in the Schedules and SOFAS.  In
summary, the primary assets as of the Petition Date are Causes of
Action, anticipated tax refunds, potentially a piece of real
estate, accounts receivable, and miscellaneous office equipment, as
well as a management fee buyout and management contract.  As
described herein, other assets of the Debtors were foreclosed upon
by the Prepetition Lenders pre-petition.

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

           http://bankrupt.com/misc/txnb17-42571-105.pdf

As reported by the Troubled Company Reporter on Aug. 16, 2017, the
Debtors filed with the Court a disclosure statement dated Aug. 2,
2017, in support of the Debtor's Chapter 11 plan of liquidation
dated as of Aug. 2, 2017, which proposed that Class 5 General
Unsecured Claimants would get their pro rata share of all remaining
property of the Debtors after (a) payment of the DIP administrative
claim, allowed priority claims, and allowed secured claims in
Classes 1, 2 and 3 (solely as to the collateral applicable to the
class), and (b) payment of the Plan administrative funding.

               About Foundation Healthcare, Inc.

University General Hospital LLC is a 69-bed health care facility
located at 7501 Fannin Street, Suite 100 Houston, Texas.  Prior to
its closure in January 2017, University General Hospital offered a
full array of equipment and services including inpatient and
outpatient medical treatments and surgeries.

Foundation Healthcare Inc., a publicly traded Oklahoma corporation,
was in the business of owning and managing facilities which
operated in the surgical segment of the healthcare industry.  It
has ceased to conduct business operations and has no employees.
Foundation Healthcare currently only has a contracted interim Chief
Financial Officer and a contracted Chief Restructuring Officer, and
one part time assistant.

University General Hospital, doing business as Foundation Surgical
Hospital of Houston, and its affiliate Foundation Healthcare filed
Chapter 11 petitions (Bankr. N.D. Tex. Case Nos. 17-42570 and
17-42571) on June 21, 2017.  The petitions were signed by Richard
Zahn, manager.  The cases are jointly administered before Judge
Russell F. Nelms with Foundation Healthcare's case as the lead.

The Debtors are represented by Vickie L. Driver, Esq., at Husch
Blackwell LLP.  The Debtors hire Michael S. Miller of Ankura
Consulting Group, LLC, as chief restructuring officer.  The Debtors
employ Eide Bailly LLP, as accountant and Donlin, Recano & Company,
Inc., as their claims and noticing agent.

At the time of filing, University General disclosed $1 million to
$10 million in assets and $1 million to $50 million in liabilities.
Foundation Healthcare disclosed $1 million to $10 million in
assets and liabilities.

University General Hospital, Inc., sought bankruptcy protection
(Bankr. S.D. Tex. Case No. 15-31097).  The case was filed on Feb.
27, 2015.  Foundation HealthCare completed its acquisition of
University General Hospital in January 2016.  Foundation HealthCare
purchased the facility for $33 million in a court-approved sale.


GERARD BOEH: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------
The Office of the U.S. Trustee on August 18 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Gerard Boeh Flowers, Inc.

Gerard Boeh is represented by:

     Stanley A. Kirshenbaum, Esq.
     P.O. Box 8150
     Pittsburgh, PA 15217
     Phone: (412) 261-5107
     Email: SAK@SAKLAW.COM

                 About Gerard Boeh Flowers Inc.

Gerard Boeh Flowers, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Pa. Case No. 17-22621) on June 27,
2017.  Gerard E. Boeh, president, signed the petition.  

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


GIBSON BRANDS: Moody's Cuts CFR to Caa3; Outlook Negative
---------------------------------------------------------
Moody's Investors Service downgraded Gibson Brands, Inc.'s
Corporate Family Rating to Caa3 from Caa2, its Probability of
Default Rating to Caa3-PD from Caa2-PD, and senior secured notes to
Ca from Caa3. The rating action is due to Moody's concern with
Gibson's weak operating performance, liquidity pressure from
approaching maturities, and the view that the company's capital
structure is unsustainable. The rating outlook is negative.

"Moody's feels that Gibson's capital structure is unsustainable due
to the uncertainty over its ability to refinance debt that comes
due in July 2018 and August 2018 given its very high leverage and
weak operating performance," said Kevin Cassidy, Senior Credit
Officer at Moody's Investors Service. Debt/EBITDA is approaching 10
times. "Despite Moody's expectations of debt reduction over the
next year with the expected proceeds from asset sales, Moody's
think debt/EBITDA will remain high at around 8 times," noted
Cassidy.

Moody's expects Gibson to significantly decrease its cost structure
over the remainder of the year. This should eventually lead to
sustained margin improvement, although there is uncertainty about
the timing of when the benefits are realized. "Moody's expects
EBITDA to remain essentially flat this year as Moody's think margin
enhancements will not be enough to offset revenue declines," said
Cassidy. Moody's expects a significant decrease in revenue this
year as the company reduces the number of SKUs in the Audio
business and deals with the lingering effects of supply shortage
issues that began in the first quarter of the fiscal year ended
March 2018, new government regulations for certain wood products,
and long-term secular pressure on guitar volumes in the Musical
Instrument business.

Moody's downgraded the following ratings of Gibson Brands, Inc.:

Corporate Family Rating to Caa3 from Caa2;

Probability of Default Rating to Caa3-PD from Caa2-PD;

$375 million senior secured notes due 2018, to Ca (LGD 4) from
Caa3 (LGD 4)

Outlook is Negative

RATING RATIONALE

Gibson's Caa3 Corporate Family Rating reflects the company's
untenable capital structure given its high leverage, weak liquidity
profile including negative free cash flow and significant
refinancing risk, and the highly discretionary nature of its
musical instrument and consumer electronics product lines. The
company's high leverage at around 10 times debt/EBITDA at June 30,
2017 reflects weak operating performance trends and debt previously
issued to fund acquisitions that have underperformed expectations.
Moody's is also concerned that high turnover in the company's
senior financial management level creates challenges to executing a
quick operational turnaround. Gibson's ratings are supported by the
company's strong brand recognition in musical instruments and
market share for guitar products, and diversified product line
within guitars and related music areas. The ratings are also
supported by its geographic diversification.

The bulk of Gibson's debt matures in 2018 and liquidity is weak
because Gibson is reliant on new external capital to refinance the
maturities. Gibson's $375 million of outstanding senior secured
notes mature August 1, 2018 and the maturity of roughly $145
million of outstanding secured bank loans will spring to July 23,
2018 if the notes are not refinanced by that date.

The negative outlook reflects the uncertainty about the company's
ability to refinance its debt on acceptable terms and quickly
execute an operational turnaround.

Ratings could be downgraded if the company does not refinance its
debt obligations well before maturity, the company pursues a debt
restructuring that Moody's would likely consider a default, or
potential recovery values weaken. If revenue and earnings trends do
not reverse and begin to stabilize ratings could also be
downgraded.

The company needs to materially improve its operating performance
and address its upcoming debt maturities before Moody's would
consider an upgrade.

The principal methodology used in these ratings was Consumer
Durables Industry published in April 2017.

Headquartered in Nashville, Tennessee, Gibson Brands Inc. designs,
manufactures, markets, and globally distributes premium musical
instruments, consumer and professional audio and video products,
information products, and related accessories. The company's
product offerings are marketed under a portfolio of brands
including Gibson, Philips, Epiphone, Kramer, Baldwin, Onkyo, KRK,
and Stanton. Revenues approximate $1.2 billion.


GLENN RICHARD UNDERWOOD: Court Dismisses Bankruptcy Appeal as Moot
------------------------------------------------------------------
The appeals case captioned GLENN RICHARD UNDERWOOD, Appellant, v.
PATRICIA SELENT, ET AL., APPELLEES, Civil Case No. 16-11752 (E.D.
Mich.), is the third appeal Debtor and Appellant Glenn Richard
Underwood has filed arising from his Chapter 11 bankruptcy case and
the adversary proceedings he commenced against several judgment
creditors and the bankruptcy liquidating trustee, Gene R. Kohut.

In the present matter, Underwood moved to appeal Judge Thomas J.
Tucker's May 5, 2016, order in the Chapter 11 case.  In that order,
Judge Tucker overruled Underwood's objection to the Liquidating
Trustee's proposed sale of real property commonly known as Lots 81
and 82, 9230 Dixie Highway, Clarkston, Michigan 48348.

Upon further analysis, Judge Linda V. Parker of the U.S. District
Court for the Eastern District of Michigan dismissed the bankruptcy
appeal as moot.

Generally, a case is moot when the issues presented are "no longer
'live' or the parties lack a legally cognizable interest in the
outcome." Generally, a case is moot when the issues presented are
"no longer 'live' or the parties lack a legally cognizable interest
in the outcome." A controversy is no longer "live" if the reviewing
court is incapable of rendering effective relief or restoring the
parties to their original position.

In addition to this general principle of mootness, courts dealing
with bankruptcy issues adhere to a "bankruptcy mootness rule." The
purpose of the bankruptcy mootness rule is to provide finality to
bankruptcy court orders and "to protect the integrity of the
judicial sale process upon which good faith purchasers rely."

Here, Judge Parker says he cannot grant Underwood any effective
relief. He failed to seek a stay of Judge Tucker's May 5, 2016,
order and the sale of the Dixie Highway Property to Algona was
completed. This rendered his appeal of Judge Tucker's decision
moot.

The adversary proceeding is GLENN RICHARD UNDERWOOD Debtor. GLENN
RICHARD UNDERWOOD, Appellant, v. PATRICIA SELENT, ET AL.,
APPELLEES, Adv. Pro. No. 14-4966 (E.D. Mich.).

A full-text copy of Judge Parker's Opinion and Order dated August
16, 2017, is available at https://is.gd/pkqcDq from Leagle.com.

Glenn Richard Underwood, Appellant, Pro Se.

Patricia Selent, Appellee, Pro Se.

Lynda Carto, Appellee, Pro Se.

D. Jeanette Underwood, Appellee, Pro Se.

Julie Snead, Appellee, Pro Se.

Thomas Underwood, Appellee, Pro Se.

Jane Staebell, Appellee, Pro Se.

Julie Ann McCarver, Appellee, Pro Se.

Gene R. Kohut, Appellee, represented by Scott A. Wolfson, --
tkelly@wolfsonbolton.com --  Wolfson Bolton PLLC & Thomas J. Kelly,
Jr. -- tkelly@wolfsonbolton.com -- Wolfson Bolton PLLC.

Glenn Underwood filed for Chapter 11 bankruptcy protection (Bankr.
E.D. Mich. Case No. 06-55754) on Oct. 30, 2006, listing his
estimated assets at $1 Million to $100 Million and his estimated
liabilities at $1 Million to $100 Million.


GLYECO INC: Wynnefield Hikes Equity Stake to 30.5% as of Aug. 14
----------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Wynnefield Partners Small Cap Value, L.P. I and its
affiliates disclosed that they beneficially owned in the aggregate
49,797,748 shares of common stock of GlyEco Inc., constituting
approximately 30.5% of the outstanding shares of Common Stock.  The
percentage of shares of Common Stock reported as being beneficially
owned by the Wynnefield Reporting Persons is based upon 163,452,779
shares of Common Stock outstanding as of Aug. 11, 2017, as set
forth in GlyEco's quarterly report on Form 10-Q filed with the
Commission on Aug. 14, 2017.

The following table sets forth certain information with respect to
Common Stock directly beneficially owned by the Wynnefield
Reporting Persons listed below:

                                     Number of    Percentage
  Name                             Common Stock    of Shares
  ----                             ------------   ----------
Wynnefield Partners Small
Cap Value, L.P. I                    24,986,109       15.3%     

Wynnefield Partners Small
Cap Value, L.P.                      14,453,862        8.8%

Wynnefield Small Cap Value
Offshore Fund, Ltd.                   9,271,237        5.7%

Wynnefield Capital, Inc. Profit
Sharing & Money Purchase Plan         1,086,540        0.7%

WCM is the sole general partner of Wynnefield Partners and
Wynnefield Partners I and, accordingly, may be deemed to be the
indirect beneficial owner (as that term is defined under Rule 13d-3
under the Exchange Act) of the Common Stock that Wynnefield
Partners and Wynnefield Partners I beneficially own.  WCM, as the
sole general partner of Wynnefield Partners and Wynnefield Partners
I, has the sole power to direct the voting and disposition of the
Common Stock that Wynnefield Partners and Wynnefield Partners I
beneficially own.  Messrs. Nelson Obus and Joshua Landes are the
co-managing members of WCM and, accordingly, each of Messrs.  Obus
and Landes may be deemed to be the indirect beneficial owner (as
that term is defined under Rule 13d-3 under the Exchange Act) of
the Common Stock that WCM may be deemed to beneficially own.  Each
of Messrs. Obus and Landes, as co-managing members of WCM, share
the power to direct the voting and disposition of the shares of
Common Stock that WCM may be deemed to beneficially own.

WCI is the sole investment manager of Wynnefield Offshore and,
accordingly, may be deemed to be the indirect beneficial owner (as
that term is defined under Rule 13d-3 under the Exchange Act) of
the Common Stock that Wynnefield Offshore beneficially owns.  WCI,
as the sole investment manager of Wynnefield Offshore, has the sole
power to direct the voting and disposition of the Common Stock that
Wynnefield Offshore beneficially owns.  Messrs. Obus and Landes are
executive officers of WCI and, accordingly, each may be deemed to
be the indirect beneficial owner (as that term is defined under
Rule 13d-3 under the Exchange Act) of the Common Stock that WCI may
be deemed to beneficially own.  Messrs. Obus and Landes, as
executive officers of WCI, share the power to direct the voting and
disposition of the shares of Common Stock that WCI may be deemed to
beneficially own.

The Plan is an employee profit sharing plan.  Messrs. Obus and
Landes are the co-trustees of the Plan and accordingly, Messrs.
Obus and Landes may be deemed to be the indirect beneficial owner
(as that term is defined under Rule 13d-3 under the Exchange Act)
of the shares of Common Stock that the Plan may be deemed to
beneficially own.  Each of Messrs. Obus and Landes, as the trustees
of the Plan, shares with the other the power to direct the voting
and disposition of the shares of Common Stock beneficially owned by
the Plan.

The Wynnefield Reporting Persons have acquired shares of Common
Stock through the exercise of the Rights during the last 60 days,
as follows:

    Name                   Date      Shares    Price Per Share
    ----                ---------   --------   ---------------
Wynnefield Partners I    8/10/17    9,043,472       $0.08  
Wynnefield Partners      8/10/17    4,632,768       $0.08
Wynnefield Offshore      8/10/17    2,573,760       $0.08
Plan                     8/10/17    625,000         $0.08

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

                     https://is.gd/zvC4TE

                      About GlyEco, Inc.

Phoenix, Ariz.-based GlyEco -- http://www.glyeco.com/-- is a
specialty chemical company, leveraging technology and innovation to
focus on vertically integrated, eco-friendly manufacturing,
customer service and distribution solutions.  The Company's eight
facilities, including the recently acquired 14-20 million gallons
per year, ASTM E1177 EG-1, glycol re-distillation plant in West
Virginia, deliver superior quality glycol products that meet or
exceed ASTM quality standards, including a wide spectrum of ready
to use antifreezes and additive packages for antifreeze/coolant,
gas patch coolants and heat transfer fluid industries, throughout
North America.

Glyeco reported a net loss of $2.26 million on $5.59 million of net
sales for the year ended Dec. 31, 2016, compared to a net loss of
$12.45 million on $7.36 million of net sales for the year ended
Dec. 31, 2015.  As of June 30, 2017, GlyEco had $14.04 million in
total assets, $9.75 million in total liabilities and $4.29 million
in total stockholders' equity.

KMJ Corbin & Company LLP, in Costa Mesa, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2016, citing that the
Company has experienced recurring losses from operations, has
negative operating cash flows during the year ended Dec. 31, 2016,
has an accumulated deficit of $36,815,063 as of Dec. 31, 2016, and
is dependent on its ability to raise capital.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.


GUIDED THERAPEUTICS: Reports $1.13 Million Net Loss for 2nd Quarter
-------------------------------------------------------------------
Guided Therapeutics, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q reporting a net loss
attributable to common stockholders of $1.13 million on $87,000 of
sales for the three months ended June 30, 2017, compared to a net
loss attributable to common stockholders of $2.17 million on
$129,000 of sales for the three months ended June 30, 2016.

For the six months ended June 30, 2017, the Company reported a net
loss attributable to common stockholders of $1.34 million on
$104,000 of sales compared to a net loss attributable to common
stockholders of $2.51 million on $391,000 of sales for the six
months ended June 30, 2016.

As of June 30, 2017, Guided Therapeutics had $1.51 million in total
assets, $11.85 million in total liabilities and a total
stockholders' deficit of $10.34 million.

Since the Company's inception, it has raised capital through the
public and private sale of debt and equity, funding from
collaborative arrangements, and grants.  At June 30, 2017, the
Company had cash of approximately $8,000 and a negative working
capital of approximately $9.7 million.

The Company's major cash flows for the quarter ended June 30, 2017,
consisted of cash out-flows of $277,000 from operations, including
approximately $1,180,000 of net loss, and a net change from
financing activities of $271,000, which primarily represented the
proceeds received from proceeds from debt financing.

"We will be required to raise additional funds through public or
private financing, additional collaborative relationships or other
arrangements, as soon as possible.  We cannot be certain that our
existing and available capital resources will be sufficient to
satisfy our funding requirements through the third quarter of 2017.
We are evaluating various options to further reduce our cash
requirements to operate at a reduced rate, as well as options to
raise additional funds, including loans," the Company stated in the
report.

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

                     https://is.gd/HHoCBu

                   About Guided Therapeutics
   
Guided Therapeutics, Inc. (OTC BB and OTC QB: GTHP) --
http://www.guidedinc.com/-- is developing a rapid and painless
test for the early detection of disease that leads to cervical
cancer.  The technology is designed to provide an objective result
at the point of care, thereby improving the management of cervical
disease.  Unlike Pap and HPV tests, the device does not require a
painful tissue sample and results are known immediately.  GT has
also entered into a partnership with Konica Minolta Opto to develop
a non-invasive test for Barrett's Esophagus using the LightTouch
technology platform.

Guided Therapeutics incurred a net loss attributable to common
stockholders of $4.99 million for the year ended Dec. 31, 2016,
compared to a net loss attributable to common stockholders of $9.50
million for the year ended Dec. 31, 2015.

UHY LLP, in Sterling Heights, Michigan, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, citing that the Company's significant
operating losses raise substantial doubt about its ability to
continue as a going concern.


H.C. JEFFRIES: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: H.C. Jeffries Tower Company, Inc
        24900 Ford Road
        Porter, TX 77365

Type of Business: H.C. Jeffries Tower Company, Inc. --
                  http://www.hcjeffries.com/-- specializes in  
                  broadcast tower erection, fabrication,
                  manufacturing, maintenance, management,
                  retrofitting, repair, and can handle most any of

                  tall tower needs.  The H.C. Jeffries Tower
                  Company, Inc., has been providing tower
                  fabrication, erection and maintenance for the
                  tall tower TV, FM and other broadcast service
                  industries since 1979.

Chapter 11 Petition Date: August 21, 2017

Case No.: 17-35027

Court: United States Bankruptcy Court
       Southern District of Texas (Houston)

Judge: Hon. Karen K. Brown

Debtor's Counsel: Julie Mitchell Koenig, Esq.
                  COOPER & SCULLY, PC
                  815 Walker, Suite 1040
                  Houston, TX 77002
                  Tel: 713-236-6800
                  Fax: 713-236-6880
                  E-mail: julie.koenig@cooperscully.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Herbert C. Jeffries, president.

The Debtor did not file a list of its 20 largest unsecured
creditors on the Petition Date.

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

           http://bankrupt.com/misc/txsb17-35027.pdf


HCR MANORCARE: QCP Initiates Legal Process to Appoint Receiver
--------------------------------------------------------------
Quality Care Properties, Inc., on Aug. 17, 2017, disclosed that it
is initiating a legal process to appoint an independent receiver to
oversee operation of its skilled nursing and assisted living/memory
care facilities as contemplated by the lease agreements with HCR
ManorCare, Inc. and certain of its subsidiaries ("HCR ManorCare").
The independent receiver would not be affiliated with either QCP or
HCR ManorCare and would provide oversight and seek to preserve the
value of the Company's facilities, despite HCR ManorCare's defaults
under the lease.

As previously announced, HCR ManorCare has defaulted on its
obligations under the lease agreements with the Company.  These
defaults have not been cured.  The Company and HCR ManorCare agreed
in the lease that the Company would have the right to appoint an
independent receiver to operate the facilities in compliance with
the lease if HCR ManorCare defaulted.  The Company has commenced an
action in California State Court to enforce its contractual rights.


QCP intends to work with the independent receiver, if appointed by
the Court, to transition its properties to new owners and/or
operators.  QCP believes that there is significant interest from
quality operators in owning and/or operating the facilities going
forward.  All of the facilities are open and are expected to
continue to provide uninterrupted patient care.

In conjunction with the filing of the complaint, QCP said:

HCR ManorCare has refused QCP's requests to appoint fully
independent directors and officers to oversee the skilled nursing
and assisted living/memory care businesses at facilities owned by
QCP.  Instead, the facilities remain under the control of the
incumbent HCR ManorCare senior executive team and board of
directors, who QCP believes are burdened by irreconcilable
potential or actual conflicts of interest, including duties to
sister companies in the HCR ManorCare group, personal claims
against the HCR ManorCare group and potential personal exposure to
HCR ManorCare and/or its stakeholders.

After thoroughly considering all of its options, QCP believes the
appointment of a fully independent receiver, already consented to
by HCR ManorCare in the lease, is the best way to preserve the
value of the facilities during the transition to new operators.  An
independent receiver will be free of conflicts of interest and can
be fair to all stakeholders.  Similar receiverships have been used
successfully to transition other skilled nursing businesses,
including in recent weeks.

Looking ahead, QCP intends to pursue a regionalization strategy
that will offer new investment and new opportunities to local
managers, capitalizing on the strong teams already working at the
Company's facilities.  As part of this process, QCP will seek to
provide assurances to local managers and other employees that the
facilities will remain open and jobs will be preserved.  QCP
intends to discuss this as a priority with the receiver when
appointed.

QCP remains confident in the possibilities for its diverse
portfolio, the strong local teams and the relationships they have
nurtured with local and regional stakeholders.  QCP believes the
independent receivership agreed in the lease will address conflicts
of interest at HCR ManorCare corporate headquarters, serve the
interests of patients and residents, save jobs for facility
employees and, ultimately, position QCP to deliver long term value
to its shareholders.

                            About QCP

Quality Care Properties, Inc. (NYSE: QCP) --
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.


HOUSE OF PRAYER: Plan Filing Deadline Extended to Oct. 12
---------------------------------------------------------
The Hon. Deborah L. Thorne of the U.S. Bankruptcy Court for the
Northern District of Illinois has extended, at the behest of House
of Prayer Church of God in Christ, the time to file a plan of
reorganization and disclosure statement until Sept. 29, 2017.
  
A status hearing on the filing of the plan and disclosure statement
will be held on Oct. 12, 2017, at 10:00 a.m.

                 About House of Prayer

House of Prayer Church of God in Christ filed a Chapter 11
bankruptcy petition (Bankr. N.D. Ill. Case No. 16-33143) on Oct.
18, 2016.  The case was converted to a Chapter 11 bankruptcy case
on Dec. 5, 2016.  The Debtor is an Illinois not-for-profit
corporate entity that operates a congregational Church of God in
Christ.  It owns two parcels of real estate in Chicago.

Karen J. Porter, Esq., at Porter Law Network serves as the
Debtor's
bankruptcy counsel.


HOUSTON AMERICAN: Will Pursue Acquisitions in the Del/Midland Basin
-------------------------------------------------------------------
Houston American Energy Corp. has prepared updated slides
reflecting recent developments in Reeves County and updated Company
information to be posted on the Company's web site and for use in
connection with investor presentations.  The presentation slides to
be used are available for free at https://is.gd/RGElGQ

Houston American game plan:

  * Tie-in first two Reeves County horizontal wells by September

  * Add Permian proven reserve categories to report for year end

  * Pursue opportunistic leasing and/or acquisitions in the
    Delaware or Midland Basins as smaller tracts generally
    are much less costly on per acre basis and non-core blocks'
    primary terms begin expiring

  * Potential to scale JV in Delaware to increased participation %

  * 2017 YTD results of capital campaign ($3.8 million);

     - Issued $1.2MM of Series A convertible preferred stock;
     - Issued $0.9MM of Series B convertible preferred stock; and
     - Issued 3.0MM shares in an ATM offering for proceeds of
       $1.7MM

  * Additional potential sources of funds:

     - In the money warrants exercisable for $1.6MM with near term
       expiration (including $1.3MM in Jan '18)

     - The Company has capability to issue up to an additional
       $3.2MM under ATM
   
                About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp.
(NYSEMKT:HUSA) -- http://www.HoustonAmericanEnergy.com/-- is an
independent energy company with interests in oil and natural gas
wells, minerals and prospects.  The Company's business strategy
includes a property mix of producing and non-producing assets with
a focus on Texas, Louisiana and Colombia.

Houston American reported a net loss of $2.64 million on $165,910
of oil and gas revenue for the year ended Dec. 31, 2016, compared
to a net loss of $3.83 million on $429,435 of oil and gas revenue
for the year ended Dec. 31, 2015.  As of June 30, 2017, Houston
American had $4.86 million in total assets, $616,366 in total
liabilities and $4.24 million in total shareholders' equity.

GBH CPAs, PC, in Houston, Texas -- http://www.gbhcpas.com/--
issued a "going concern" qualification on the consolidated
financial statements for the year ended Dec. 31, 2016, noting that
the Company has suffered recurring losses from operations, which
raises substantial doubt about its ability to continue as a going
concern.


ICAGEN INC: Incurs $1.91 Million Net Loss in Second Quarter
-----------------------------------------------------------
Icagen, Inc. filed with the Securities and Exchange Commission its
quarterly report on Form 10-Q reporting a net loss of $1.91 million
on $5.77 million of sales for the three months ended June 30, 2017,
compared to a net loss of $1.18 million on $1.15 million of sales
for the three months ended June 30, 2016.

For the six months ended June 30, 2017, the Company reported a net
loss of $2.72 million on $11.59 million of sales compared to a net
loss of $2.29 million on $2.05 million of sales for the six months
ended June 30, 2016.

As of June 30, 2017, Icagen had $18.27 million in total assets,
$23.88 million in total liabilities and a total stockholders'
deficit of $5.61 million.

"We have a history of annual losses from operations since inception
and we have primarily funded our operations through sales of our
unregistered equity securities and cash flows generated from
government contracts and grants, settlement of lawsuits and more
recently from bridge note funding and debt funding, commercial
customers and subsidy income.  Although, we are generating funds
from commercial customers and government grants, we continue to
experience losses and may need to raise additional funds in the
future to meet our working capital requirements.  To date, we have
never generated sufficient cash from operations to pay our
operating expenses.  We have received $16.5 million from Sanofi and
despite the $15.5 million we expect to derive from Icagen-T for
services provided to and operating expense contributions to be paid
by Sanofi over the next four years, we expect our expenses to
increase as our operations expand and our expenses may continue to
exceed such revenue.  As of December 31, 2016, we had not generated
sufficient additional revenue from operations to pursue our
business strategy, to respond to new competitive pressures or to
take advantage of opportunities that may arise.  These factors
raised substantial doubt about our ability to continue as a going
concern.

"We anticipate that our current cash and cash equivalents,
including cash derived from the 2017 debt financing will be
sufficient to meet our operating needs for at least the next nine
months.  However, if we should require additional capital, we may
consider multiple alternatives, including, but not limited to,
additional equity financings, debt financings and/or funding from
partnerships or collaborations.  There can be no assurance that we
will be able to complete any such transactions on acceptable terms
or otherwise."

As of June 30, 2017, the Company had cash totaling $5,796,786,
other current assets totaling $2,307,079 and total assets of
$18,272,368.  The Company had total current liabilities of
$5,837,623 and a net working capital of $2,266,242, which includes
deferred subsidy and deferred revenue received from Sanofi of
$996,880, which will have no impact on cash flow.  After
eliminating these items, the working capital is $3,263,122.  Total
liabilities were $23,881,762, including deferred purchase
consideration of $8,517,978.  The deferred purchase consideration
includes a net present value discount of $1,433,071 (made up of a
gross present value discount of $2,468,700 less imputed interest
movements of $1,035,629), the gross amount still due in terms of
the acquisition agreement is $9,950,000 after the payment of
$50,000 in June 2017 based on a potential earn out charge of the
greater of (i)10% of gross revenues commencing in January 2017 per
quarter and (ii) $250,000 per quarter, up to a maximum of
$10,000,000 of which amounts in excess of $50,000 can be deferred
and $200,000 was deferred for the quarter ended June 30, 2017.  The
deferred amount bears interest at a rate of 12.5% per annum. The
Company's stockholders' deficit amounted to $5,609,394.

On April 12, 2017, the Company sold in the April 2017 Bridge
Financing to three investors, which included two members of its
Board of Directors, pursuant to the 2017 Purchase Agreement, 150
Units at a price of $10,000 per unit consisting of a 2017 note in
the principal amount of $10,000 and a 2017 Bridge Warrant to
acquire 1,500 shares of its common stock, par value, $0.001 per
share, at an exercise price of $3.50 per share.  The aggregate
gross cash proceeds to the Company from the sale of the 150 Units
was $1,500,000, these notes were repaid during May 2017, together
with interest thereon.

On May 15, 2017, the Company and Icagen-T entered into a Securities
Purchase Agreement with an institutional investor, pursuant to
which (i) the Company issued to the Purchaser the Company Note for
cash proceeds of $1,920,000 after an original issue discount of 4%
or $80,000, before deal related expenses; and (ii) Icagen-T issued
to the Purchaser the Icagen-T Note for cash proceeds of $7,680,000
after an original issue discount of 4% or $320,000, before deal
related expenses.  The Company Note and the Icagen-T Note are
convertible into shares of common stock at a conversion price of
$3.50 per share.

The Company used the proceeds from the Company Note to repay the
$1,500,000 aggregate principal amount of the 8% bridge notes issued
in April 2017 and all accrued but unpaid interest thereon and the
$500,000 owed by the Company pursuant to the terms of the Dentons'
settlement agreement, and Icagen-T has used and intends to use the
net proceeds from the purchase price paid to Icagen-T for general
corporate and working capital purposes of Icagen-T, provided,
however, proceeds are not to be used for (a) the repayment of any
Indebtedness other than Permitted Indebtedness, (b) the redemption
or repurchase of any securities of ours, Icagen-T and our
Subsidiaries, or (c) except for the payments pursuant to the
Settlement Agreement, the settlement of any outstanding litigation;
provided, further, Icagen-T will not use any of such proceeds in
violation of its arrangements with Sanofi US Services, Inc.

"Should we not achieve our forecasted operating results or should
strategic opportunities present themselves such that additional
financial resources would present attractive investing
opportunities for us, we may decide in the future to issue debt or
sell our equity securities in order to raise additional cash.  We
cannot provide any assurances as to whether we will be able to
secure any additional financing, or the terms of any such financing
transaction if one were to occur."

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

                     https://is.gd/hs0OG4

                         About Icagen

Durham, North Carolina-based Icagen, Inc., formerly known as XRpro
Sciences, Inc. -- http://www.icagen.com/-- is a biopharmaceutical
company, focuses on the discovery, development, and
commercialization of orally-administered small molecule drugs that
modulate ion channel targets.  Its drug candidates include
ICA-105665, a small molecule compound that targets specific KCNQ
ion channels for the treatment of epilepsy and pain, which is in
Phase II clinical trial stage; and a compound that targets the
sodium channel Nav1.7 for the treatment of pain, which is in Phase
I clinical trial stage.

Icagen reported a net loss of $5.50 million in 2016 following a net
loss of $8.67 million in 2015.

RBSM LLP, in New York, issued a "going concern" opinion on the
consolidated financial statements for the year ended Dec. 31, 2016,
stating that the Company has incurred recurring operating losses,
which has resulted in an accumulated deficit of approximately $27.6
million at Dec. 31, 2016.  These conditions, among others, raise
substantial doubt about the Company's ability to continue as a
going concern.


INTERNET BRANDS: Term Loan Upsize No Impact on Moody's B3 CFR
-------------------------------------------------------------
Moody's Investors Service said Internet Brands, Inc.'s B3 Corporate
Family Rating (CFR) and debt instrument ratings are not impacted by
the announced upsize of the proposed first-lien term loan by $75
million and downsize of the new second-lien term loan by the same
amount.

Headquartered in Los Angeles, CA, Internet Brands, Inc. is an
internet media company that owns more than 250 branded websites
across three major verticals (Health; Legal; and Other comprising
Automotive, Home and Travel) characterized by high consumer
activity and good advertising spend.



IPALCO ENTERPRISE: Fitch Rates $405MM Senior Secured Notes BB+
--------------------------------------------------------------
Fitch Ratings has assigned a 'BB+/RR2' rating to IPALCO Enterprise
Inc.'s issuance of $405 million senior secured notes due 2024. The
Rating Outlook is Stable. The net proceeds will be used to redeem
its $400 million 5.00% senior secured notes due 2018.

KEY RATING DRIVERS

Construction Risk

Construction delays at the Eagle Valley combined cycle gas turbine
(CCGT) project weighs on IPALCO's credit profile. Fitch is modestly
concerned with the lag in cost recovery for IPL due to the delays,
construction labor productivity and financial health of the
contractor. However, Fitch believes that the impact is currently
not sufficient to change IPALCO's rating and Outlook as the project
is near substantial completion and the shifting of cash flow is
manageable (approximately $29 million on an annualized basis or
7.6% of total cash flow). In May 2014, IPL received order from the
Indiana Utility Regulatory Commission (IURC) to construction a 671
MW CCGT plant in Martinsville Indiana to replace its coal-fired
generation at Eagle Valley. The project is estimated to cost
approximately $613 million. Due to construction delays primarily
caused by poor labor productivity, the original commercial
operating date of April 30, 2017 is pushed to the first half of
2018. As a result, in February 2017, IPL withdrew its application
with the IURC seeking recovery for the cost of the plant.

Supportive Regulations

IPALCO's only operating subsidiary IPL benefits from the stable
regulatory environment in Indiana which Fitch considers IPALCO's
key credit strength. IPL has minimal commodity price exposure due
to a regulatory pass-through mechanism that allows the utility to
recover fuel and purchased power costs on a timely basis.
Legislative measures exist for IPL to recover environmental
compliance related investments in a timely manner. Even with the
installation of new emission controls, the long-term policy
challenges to coal-fired generation remains a threat to the
long-term viability of these assets. IPL relies on the
Environmental Compliance Cost Recovery Adjustment (ECCRA) and the
Indiana Senate bills 29 and 251 to reduce regulatory lag partially.
The Senate bills allow the recovery of federally mandated
environmental compliance costs and the installation of clean coal
technologies reducing airborne emissions associated with the use of
coal. The Transmission, Distribution and Storage System Improvement
Charge (TDSIC) statute provides for cost recovery outside of a rate
case proceeding for new or replacement investments for gas or
electric safety, reliability and modernization. The statute
requires a seven-year plan for eligible investments. Once the plan
is approved by the Indiana Utility Regulatory Commission (IURC),
80% of eligible costs can be recovered using a periodic rate
adjustment mechanism.

IPL's last electric rate case order was constructive. In March
2016, IPL received the regulatory approval for its first electric
rate case since late 90s, which allows for an annual revenue
requirement increase of $30.8 million with a return on equity (ROE)
of 9.85%. The order also, among other things, authorized IPL to
collect $117.7 million of previously deferred regulatory assets
related to IPL's participation in Midcontinent Independent System
Operator (MISO) over 10 years. Rates became effective in April
2016.

Canadian Sponsor Provides Alternative Funding Source

Fitch views positively CDPQ's (Caisse de depot et placement du
Quebec) 30% ownership of IPALCO. CDPQ is a Canadian institutional
investor with a long term buy-and-hold investment philosophy and a
strong credit profile. The ownership partially alleviates the need
for equity contribution from AES Corporation (AES), IPALCO's 70%
equity owner during the heavy capex cycle. In April 2015, IPALCO
received an equity capital contribution of $214.4 million from CDPQ
to invest in the capex program. CDPQ made an additional $148.2
million contribution in 2016, $134.3 million of which increased
CDPQ's direct and indirect ownership to 30% from 15%.

Ratings Not Linked to AES

IPALCO and IPL's ratings are evaluated based on the consolidated
credit profile of IPALCO, and not linked to AES. Fitch believes
that there is modest separation between AES and IPALCO, and that
protecting IPALCO and IPL's credit profile is in the best interest
of AES. IPALCO's total debt is limited to $1.2 billion ($805
million currently outstanding). The ratio of IPALCO's EBITDA to
interest must exceed 2.5x, and debt cannot exceed 67% of total
capitalization on an adjusted basis to make a distribution or
intercompany loan to its parent, according to IPALCO's Articles of
Incorporation. However, if IPALCO is not in compliance with the
foregoing ratios but its senior long-term debt rating is at least
investment grade, no distribution restrictions would arise.
Changing the Articles of Incorporation would require AES approval,
IPALCO board approval (CDPQ maintains two seats on the board).
IPALCO and IPL maintain separate identities from AES and do not
mingle their cash with that of AES.

RATING SENSITIVITIES

Positive: Future developments that may, individually or
collectively, lead to a positive rating action include:

A positive rating action is unlikely over the foreseeable future
due to the delay of the CCGT plant.

Negative: Future developments that may, individually or
collectively, lead to a negative rating action include:

Fitch would consider a negative rating action on IPALCO in the
event of adverse regulatory developments, such as a materially
negative rate case outcome primarily associated with the CCGT plan,
causing IPALCO's adjusted debt-to-operating EBITDAR to sustain
above 6x with a low chance of recovery.

KEY ASSUMPTIONS

-- $686 million capex from 2017-2019 ($82 million in
    environmental capex, $54 million in growth capex and $550
    million in maintenance capex);

-- Eagle Valley CCGT comes online in 2018.


ITUS CORP: Former CEO Will Get $300,000 in Severance Payments
-------------------------------------------------------------
ITUS Corporation entered into a separation agreement with Robert
Berman, the Company's former president and chief executive officer
on Aug. 16, 2017.  Mr. Berman had resigned on July 6, 2017.
Pursuant to the terms of the Agreement, Mr. Berman is entitled to
receive severance payments in an aggregate amount of $300,000 to be
paid in four separate tranches with the final payment occurring on
June 1, 2018, as disclosed in a Form 8-K report filed with the
Securities and Exchange Commission.

                    About ITUS Corporation

ITUS Corp. -- http://www.ITUScorp.com/-- develops and acquires
patented technologies for the purposes of patent monetization and
patent assertion.  The company currently has 10 patent portfolios
in the areas of Key Based Web Conferencing Encryption, Encrypted
Cellular Communications, E-Paper(R) Electrophoretic Display, Nano
Field Emission Display ("nFED"), Micro Electro Mechanical Systems
Display ("MEMS"), Loyalty Conversion Systems, J-Channel Window
Frame Construction, VPN Multicast Communications, Internet
Telephonic Gateway, and Enhanced Auction Technologies.

CopyTele changed its name to "ITUS Corporation" on Sept. 2, 2014,
to reflect the Company's change in its business operations.

ITUS Corp reported a net loss of $5.01 million on $300,000 of total
revenue for the year ended Oct. 31, 2016, compared to a net loss of
$1.37 million on $9.25 million of total revenue for the year ended
Oct. 31, 2015.  As of April 30, 2017, ITUS had $7.24 million in
total assets, $3.66 million in total liabilities and
$3.58 million in total shareholders' equity.

Haskell & White LLP, in Irvine, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Oct. 31, 2016, citing that the Company has limited
working capital and limited revenue-generating operations and a
history of net losses and net operating cash flow deficits.  These
conditions raise substantial doubt about the Company's
ability to continue as a going concern.


LEHMAN BROTHERS: Trustee Provides Update on Liquidation
-------------------------------------------------------
James W. Giddens, the Trustee for the liquidation of Lehman
Brothers Inc. (LBI) under the Securities Investor Protection Act
(SIPA) and of the law firm Hughes Hubbard & Reed LLP, on Aug. 17,
2017, reported on the state of the LBI estate to the United States
Bankruptcy Court for the Southern District of New York, the
Honorable Shelley C. Chapman presiding.  The Trustee reported that
the estate continues to move towards substantial completion.

"As Trustee, it is particularly satisfying to report that not a
single one of the more than 140,000 claims remains before the
Bankruptcy Court for resolution -- a fact that clearly demonstrates
how much progress has been made towards closing out the
liquidation," Mr. Giddens said at the Bankruptcy Court hearing.
"We now await resolution of a handful of issues that are before
appellate courts."

"It is notable that while the liquidation has entered a phase of
substantial completion, the proceeding remains a mega-case given
the assets that must continue to remain on hand for reserves and
internal controls," Mr. Giddens also noted.

The Trustee is focused on the matters before appellate courts where
the estate is the appellee in every instance.  Once the remaining
claims are finally resolved, the Trustee will commence the final
steps to close the LBI estate.  At that time, the Trustee will seek
the Court's approval for the preservation of required data and
abandonment of unnecessary systems and information, for a final
distribution to creditors, and ultimately, for the Trustee's
discharge.

The Trustee's goal is to close the estate and make a final
distribution in 2018, however this will be largely dictated by the
timing of appellate courts.  The Trustee will progress litigation
as promptly as possible.

"I can assure you that we are committed to the prompt closure of
the LBI estate," Mr. Giddens said at the hearing.

Recommendations

The Trustee also addressed reforms that he believes merit further
study to help avoid repetition of the type of losses that will be
experienced by LBI's unsecured and subordinated creditors as a
result of the sale to Barclays and the state of Lehman's business
at the time of the bankruptcy.  The Trustee's recommendations
included:

   -- Increasing the Securities Investor Protection Corporation
(SIPC) maximum coverage from $500,000 to $1.3 million, and tying
future coverage limits to inflation;

   -- Eliminating the distinction between claims for cash and
claims for securities; and

   -- Expanding the borrowing and guarantee authority available to
SIPC trustees or other liquidators.

Liquidation Progress

   -- More than $115 billion has been returned to LBI customers and
creditors.

   -- Five interim distributions to unsecured general creditors
with allowed claims have been completed, bringing total
distributions to unsecured general creditors to 39 percent or
almost $9 billion.

   -- Customers have received $106 billion, fully satisfying the
111,000 customer claims.  Most customer claims were fulfilled
within weeks of the liquidation.

   -- Secured, priority and administrative creditors have also
received 100 percent distributions.

   -- The potential for any future distribution will largely depend
on the outcomes of ongoing litigation where a small number of
claimants have appealed Court rulings upholding the Trustee's
claims determinations.

   -- All but approximately 400 of the more than 15,000 general
creditor claims in the LBI estate have been resolved.

The progress in the LBI liquidation would not have been possible
without the assistance of SIPC, the Securities and Exchange
Commission, the Commodity Futures Trading Commission, the Financial
Industry Regulatory Authority, the Senate Banking Committee, the
House Financial Services Committee, the oversight of the United
States Bankruptcy Court, the Honorable Shelley C. Chapman,
presiding, and the success of the Trustee's professionals at Hughes
Hubbard & Reed LLP and Deloitte & Touche LLP.

The Trustee is represented by Hughes Hubbard & Reed LLP.

                    About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was the
fourth largest investment bank in the United States.  For more than
150 years, Lehman Brothers has been a leader in the global
financial markets by serving the financial needs of corporations,
governmental units, institutional clients and individuals
worldwide.

Lehman Brothers Holdings filed for Chapter 11 bankruptcy (Bankr.
S.D.N.Y. Case No. 08-13555) on Sept. 15, 2008.  Lehman's bankruptcy
petition disclosed US$639 billion in assets and US$613 billion in
debts, effectively making the firm's bankruptcy filing the largest
in U.S. history.  Several other affiliates followed thereafter.

Affiliates Merit LLC, LB Somerset LLC and LB Preferred Somerset LLC
sought for bankruptcy protection in December 2009.

The Debtors' bankruptcy cases were assigned to Judge James M. Peck.
Judge Shelley Chapman took over the case after Judge Peck retired
from the bench to join Morrison & Foerster.

A team of Weil, Gotshal & Manges, LLP, lawyers led by the late
Harvey R. Miller, Esq., serve as counsel to Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

Dennis F. Dunne, Esq., Evan Fleck, Esq., and Dennis O'Donnell,
Esq., at Milbank, Tweed, Hadley & McCloy LLP, in New York, served
as counsel to the Official Committee of Unsecured Creditors.
Houlihan Lokey Howard & Zukin Capital, Inc., served as the
Committee's  investment banker.

On Sept. 19, 2008, the Honorable Gerard E. Lynch of the U.S.
District Court for the Southern District of New York, entered an
order commencing liquidation of Lehman Brothers, Inc., pursuant to
the provisions of the Securities Investor Protection Act (Case No.
08-CIV-8119 (GEL)).  James W. Giddens was appointed as trustee for
the SIPA liquidation of the business of LBI.  He is represented by
Hughes Hubbard & Reed LLP.

The Bankruptcy Court approved Barclays Bank Plc's purchase of
Lehman Brothers' North American investment banking and capital
markets operations and supporting infrastructure for US$1.75
billion.  Nomura Holdings Inc., the largest brokerage house in
Japan, purchased LBHI's operations in Europe for US$2 plus the
retention of most of employees.  Nomura also bought Lehman's
operations in the Asia Pacific for US$225 million.

Lehman emerged from bankruptcy protection on March 6, 2012, more
than three years after it filed the largest bankruptcy in U.S.
history.  The Chapter 11 plan for the Lehman companies other than
the broker was confirmed in December 2011.

                          *     *     *

In October 2016, the team winding down LBHI paid $3.8 billion to
creditors, the 11th distribution since Lehman's collapse in 2008.
This brought the total payout to more than $113.6 billion.
Bondholders were projected to receive about 21 cents on the dollar
when Lehman's bankruptcy plan went into effect in early 2012.  The
11th distribution raised the bondholders' recovery to more than 40
cents on the dollar and recoveries for general unsecured creditors
of Lehman's commodities to 79 cents on the dollar.  Lehman's
aggregate 12th distribution to unsecured creditors pursuant to its
confirmed Chapter 11 plan will total approximately $3.0 billion.


LPL HOLDINGS: Moody's Affirms Ba3 CFR & Ba2 Sec. Loans Rating
-------------------------------------------------------------
Moody's Investors Service has affirmed LPL Holdings, Inc.'s Ba3
Corporate Family Rating (CFR) and Ba2 rating of its $1,700 million
senior secured term loan and $500 million senior secured revolving
credit facility. Moody's also affirmed the B2 rating to LPL's $500
million senior unsecured notes. The rating action follows LPL's
acquisition of the independent broker-dealer network of National
Planning Holdings, Inc. (NPH, unrated). The rating outlook is
stable.

LPL's transaction with NPH is structured as an asset sale with an
initial price of $325 million (excluding onboarding costs) and has
already received regulatory approval. NPH has 3,200 independent
advisors with customer assets of $120 billion as of June 30, 2017.

Issuer: LPL Holdings, Inc.

-- Corporate Family Rating, Affirmed Ba3, Stable

-- Senior Secured Bank Credit Facility, Affirmed Ba2, Stable

-- Senior Unsecured Regular Bond/Debenture, Affirmed B2, Stable

-- Outlook, Remains Stable

RATINGS RATIONALE

In affirming LPL's ratings, Moody's said that the acquisition of
NPH has strategic benefits for LPL because it would increase LPL's
scale and allow it to extract expense synergies by onboarding NPH
advisors onto the LPL platform.

LPL is contemplating the issuance of $200 million in incremental
debt to replenish its liquidity and fund on-boarding costs. Moody's
expects LPL's Q2 2017 pro forma leverage ratio to stand at around
4.6x including the incremental debt and EBITDA benefits compared to
4.75x from year-end 2016. However, the benefits that LPL will
extract from the transaction will slowly be realized over the
course of the on-boarding process which LPL expects to conclude by
the end of the first half of 2018. A failure to promptly achieve
the low end of 2018 EBITDA run-rate target range would be credit
negative, Moody's said.

However, the transaction is conservatively structured with
incremental contingent payments that range between $0 and $123
million based on the share of NPH advisor production successfully
transferred to LPL's platform. LPL and NPH have agreed on transfer
rates ranging from 72% to 93.5% on which the contingent payments
will be based. On the lower end of the transfer rate spectrum, the
total consideration paid by LPL would be $365 million (including
$40 million in on-boarding costs) which management expects to
result in EBITDA accretion of around $75 million to LPL's results
on a go forward basis starting around the end of 2018. On the upper
end of the spectrum the total purchase price would increase to $508
million (including $60 million in on-boarding costs) and EBITDA
contributions of around $100 million by year-end 2018. These
projections assume no changes to macro-economic environment
variables such as interest rates or levels of equity markets.

According to Moody's, LPL's ratings are based on the company's
enduring franchise as the largest independent broker-dealer in the
US, which enables it to operate at a scale and efficiency that
generates relatively stable cash flows and margins throughout the
economic cycle. Moody's said LPL's ratings are constrained
primarily by its shareholder-friendly financial policies.

Factors that Could Lead to an Upgrade

-- Demonstrated shift in financial policy towards stronger debt
   leverage

-- Strengthened cash flow generation that results in improved
   interest coverage to above 5.5x and debt leverage to under 4.0x

Factors that Could Lead to a Downgrade

-- Shift in financial policy that significantly increases debt to
   fund share repurchases or M&A

-- Leverage metric deterioration with a Debt/EBITDA ratio above
   5.0x on a sustained basis

-- Significant failure in regulatory compliance or technology

-- Prolonged revenue decline resulting in weakened pre-tax
   earnings and increased margin volatility

The principal methodology used in these ratings was Securities
Industry Service Providers published in February 2017.


MARGARET ANNA: Unsecureds to Recoup 100% in Quarterly Payments
--------------------------------------------------------------
Margaret Anna Properties, LLC, filed with the U.S. Bankruptcy Court
for the Northern District of Indiana a disclosure statement dated
Aug. 9, 2017, prepared in connection with Aug. 9 Chapter 11 plan.

Under the Plan, each holder of an allowed unsecured claim will
receive total distributions equal to 100% of its allowed unsecured
claim in quarterly payments in amounts equal to a minimum of 100%
of their allowed unsecured claim plus interest starting after the
effective date of the Plan in quarterly installments and
terminating when the distribution equals 100% of the allowed
unsecured claims.

Payments are to be made from the Debtor's operations in accordance
with the projections.

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

          http://bankrupt.com/misc/innb17-20451-32.pdf

                 About Margaret Anna Properties

Margaret Anna Properties, LLC, sought protection under Chapter 11
of the Bankruptcy Code (Bankr. N.D. Ind. Case No. 17-20451) on
March 2, 2017.  The petition was signed by Mary M. Liadakis,
managing member.  

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


MARINA BIOTECH: Modifies Development Agreement with Windlas
-----------------------------------------------------------
Marina Biotech, Inc., entered into an amendment of the
Pharmaceutical Development Agreement dated as of March 30, 2017, by
and between Windlas Healthcare Private Limited and the Company,
relating to the development by Windlas of certain pharmaceutical
products to be used for conducting clinical trials or for
regulatory submissions.

Pursuant to the Amendment, the Company and Windlas agreed to amend
the Development Agreement to reflect the Company's agreement to
issue to Windlas, and Windlas' agreement to accept from the
Company, in lieu of cash payments with respect to 40% of the total
amount reflected on invoices sent from time to time by Windlas to
the Company, shares of the common stock of the Company having an
aggregate value equal to 40% of that invoiced amount (with the
remaining portion of the invoiced amount being paid in cash).  For
purposes of determining the number of shares of Common Stock to be
issued to Windlas, each share of Common Stock will have a value
equal to the volume weighted average price of the Common Stock on
the principal trading market for the Common Stock for the 10
trading days immediately prior to the date of the applicable
invoice.  The maximum value of Common Stock that may be issued to
Windlas pursuant to the Development Agreement (as modified by the
Amendment) is $2 million.  The parties also agreed that the
foregoing payment arrangement would apply to any Contract
Manufacturing and Supply Agreement (or similar agreement) relating
to the manufacturing of commercial batches of the products covered
by the Development Agreement that may be entered into between the
parties.

The Company will issue the shares of Common Stock to Windlas in
reliance on the exemption from registration afforded by Section
4(a)(2) of the Securities Act of 1933, as amended, as a transaction
not involving any public offering.  However, the Company agreed to
register the resale of the shares of Common Stock issued to Windlas
from time to time following the issuance of such shares to Windlas,
subject to certain thresholds and limitations.

                     About Marina Biotech

Headquartered in Bothell, Washington, Marina Biotech, Inc. --
http://www.marinabio.com/-- is a biotechnology company focused on
the treatment of arthritis, pain, hypertension, and oncology
diseases using combination therapies of already approved drugs.
The company is developing and commercializing late stage,
non-addictive pain therapeutics.  The company's 'next-generation of
celecoxib,' including IT-102 and IT-103, are designed to control
the dangerous side-effect of edema that prohibits the drug from
being prescribed at higher doses.  These have the potential of
replacing opioids and combating the opioid epidemic.

Marina Biotech reported a net loss of $837,143 on $0 of revenue for
the year ended Dec. 31, 2016, compared with a net loss of $1.11
million on $0 of revenue for the year ended Dec. 31, 2015.

As of June 30, 2017, Marina Biotech had $6.63 million in total
assets, $4.15 million in total liabilities, all current, and $2.47
million in total stockholders' equity.

Squar Milner LLP, in Los Angeles, California, 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 negative cash flows from operations and has
had recurring negative working capital.  This raises substantial
doubt about the Company's ability to continue as a going concern.


MERITOR INC: Announcement to Call Notes Credit Pos., Moody's Says
-----------------------------------------------------------------
Moody's Investors Service said that Meritor, Inc.'s announcement to
call $100 million of its 6.75% notes due 2021 is credit positive
but does not currently impact Meritor's B1 Corporate Family Rating,
nor stable rating outlook.

Meritor, headquartered in Troy, MI, is a global supplier of a broad
range of integrated systems, modules, and components serving
commercial trucks, trailers, and specialty original equipment
manufacturers, as well as certain aftermarkets. The company's
principal products include axles, undercarriage and drivelines,
brakes and braking systems. Revenues for the LTM period ended
June 30, 2017 were approximately $3.2 billion.


MGIC INVESTMENT: Moody's Hikes Senior Debt Rating to Ba2
--------------------------------------------------------
Moody's Investors Service has taken rating actions on six US
mortgage insurance groups. As part of the action, Moody's upgraded
the insurance financial strength (IFS) ratings of Essent Guaranty,
Inc. to Baa1 from Baa2; the IFS rating of Mortgage Guaranty
Insurance Corp. to Baa2 from Baa3; and the IFS ratings of the US
mortgage insurance subsidiaries of Arch Capital Group, Ltd. (Arch
Capital - senior Baa1/stable), including United Guaranty
Residential Insurance Co., Arch Mortgage Insurance Company and Arch
Mortgage Guaranty Company, to A3 from Baa1. The outlook for these
insurers is stable. Moody's also affirmed the Baa3 IFS rating of
Radian Guaranty Inc., the Ba1 IFS rating of Genworth Mortgage
Insurance Corporation, and the Ba1 IFS rating of National Mortgage
Insurance Corporation. Moody's changed the outlook on these
insurers to positive from stable.

RATINGS RATIONALE

SECTOR RATIONALE

According to Moody's, the rating actions were taken as a result of
broad-based improvements in these firms' capital adequacy,
profitability and resilience to stress scenarios. Moody's notes
that the credit profiles of US mortgage insurers have benefited
from the January 2016 implementation of Fannie Mae and Freddie
Mac's Private Mortgage Insurance Eligibility Requirements (PMIERs),
which Moody's views as a credit positive for the sector. In Moody's
opinion, the PMIERs requirements have strengthened capital adequacy
of the mortgage insurers and promoted transparent risk-based
pricing among firms operating in the sector. In addition, the
recent development of a large and robust market for the reinsurance
of mortgage credit risk has improved the ability of mortgage
insurers to manage capital and risk.

Moody's expects the US mortgage insurance sector to exhibit strong
profitability over the near to medium term due to macroeconomic
conditions that remain supportive of strong US housing market
fundamentals. These trends, which include steady (albeit moderate)
economic growth, continued job growth and low unemployment rates,
continue to be favorable for mortgage credit and the private
mortgage insurers.

COMPANY RATIONALES

Arch Mortgage Group

The one notch IFS rating upgrades of United Guaranty Residential
Insurance Co. (UGRIC) and Arch Mortgage Insurance Company (AMI) to
A3 from Baa1 reflects Arch's leading position in the US mortgage
insurance market with an approximate 25% market share, its strong
core earnings power and the group's enhanced market presence and
capabilities as a key operating unit within the larger Arch Capital
Group. In Moody's opinion, the Arch mortgage insurance platform has
robust underwriting and risk management capabilities. The ratings
of UGRIC and AMI benefit from implicit and explicit support from
Arch Capital and Arch Reinsurance Ltd. (Arch Re Bermuda -- IFS
rating A2/stable).

The upgrade of the IFS rating of Arch Mortgage Guaranty Company
(AMG) to A3 from Baa1 reflects the alignment of AMG's rating with
the ratings of UGRIC and AMI. While AMG benefits from extensive
reinsurance support from Arch Re Bermuda and Arch Reinsurance
Company (IFS rating A2/stable), the company has modest stand-alone
capital resources, and, as a non-GSE focused mortgage insurer,
narrower business prospects relative to its US mortgage insurance
affiliates.

Essent Guaranty

The one notch IFS rating upgrade of Essent Guaranty, Inc. (Essent)
to Baa1 from Baa2 reflects sustained improvements in the firm's
business profile and financial metrics. These include the company's
strong market presence with an approximate 15% share of the US
private mortgage insurance market, its improved client
diversification and its increased equity capitalization due both to
organic growth and a recent $200 million equity offering. Essent's
increased scale has also improved its expense ratio by more than 10
percentage points over the past several years, resulting in
improved current and prospective profitability.

Moody's notes that Essent's insured portfolio consists almost
entirely of high quality prime mortgages without any pre-financial
crisis legacy exposures. Parent company Essent Group Ltd. (not
rated) also owns Bermuda-based Essent Reinsurance Ltd. (Essent Re
-- not rated). Essent Re assumes 25% of Essent's premiums and
losses through a quota-share reinsurance arrangement entered into
in July 2014 on prospective GSE eligible new insurance written and
also directly reinsures Fannie Mae and Freddie Mac through back-end
risk-sharing transactions.

Genworth Mortgage Insurance

The positive outlook on Genworth Mortgage Insurance Corporation's
(GMICO) Ba1 IFS rating reflects the company's improved business
profile and financial metrics. This includes the company's good
market presence with approximately a 14% share of the US private
mortgage insurance market, its strong client diversification and
its improved profitability amid favorable US housing market
fundamentals, and its compliance with PMIERs against the weak
credit profile of its corporate parent, Genworth Financial Inc.
(GNW; unrated), the ultimate holding company of Genworth Holdings,
Inc. (Ba3 senior debt, review for downgrade). Moody's notes that
meaningful separation exists between GNW's life and mortgage
insurance businesses, which mitigates the impact of GNW's weak
financial flexibility on GMICO's overall credit profile.

The positive outlook reflects Moody's expectation of continued
improvement of GMICO's stand-alone credit profile as evidenced by
increased market share at attractive pricing levels, continued
strong earnings and solid capital adequacy reflected in its PMIERs
cushion.

MGIC

The one notch IFS rating upgrade of Mortgage Guaranty Insurance
Corp. (MGIC) and MGIC Indemnity Corporation (MIC) to Baa2 from Baa3
reflects their improving business and financial profiles as
pre-crisis legacy exposures amortize and are replaced by high
quality new business. MGIC's market presence remains strong with an
approximate 18% share of the US private mortgage insurance market
and strong client diversification, as well as its improving
profitability metrics and its improved PMIERs capital cushion.
These strengths are offset by the company's lack of unrestricted
dividend capacity and an unresolved tax dispute with the IRS.

Moody's also upgraded the senior debt rating of MGIC Investment
Corporation (MTG) to Ba2 from Ba3 reflecting the significant
reduction in total leverage to below 25% following the repayment of
outstanding debt and growth in the firm's equity capitalization and
improved debt maturity profile.

National Mortgage Insurance

The positive outlook on National Mortgage Insurance Corporation's
(NMIC) Ba1 IFS rating reflects the progress made by the company in
scaling its mortgage insurance platform and improving its business
and financial profile over the past couple of years. NMIC is now
profitable and Moody's expects continued improvement in its
profitability metrics going forward as the company increases its
mortgage insurance in force and premium base. During 1H2017, NMIC's
share of the private mortgage insurance market was approximately
7%. While NMIC has turned the corner on profitability, Moody's
believes it will still be several years before the company is able
to fund its growth organically. Consequently, NMIC and its parent
company NMI Holdings, Inc. (NMIH -- senior secured term loan
B1/positive) will require additional capital over the next several
years, both to fund portfolio growth and to refinance the NMIH term
loan which matures in November 2019. While NMIC is currently unable
to upstream ordinary dividends to NMIH, Moody's note that NMIC's
regulator has approved a tax and expense sharing arrangement
allowing NMIH to receive cash from its insurance subsidiaries to
make principal and interest payments on its term loan and to pay
certain corporate taxes and expenses. The last rating action on
NMIC occurred earlier this year when Moody's upgraded NMIC's IFS
rating to Ba1 from Ba2 in March 2017.

Radian Group

The positive outlook on Radian Guaranty Inc's. (Radian Guaranty)
Baa3 IFS rating reflects its improving overall credit profile as
pre-crisis legacy exposures amortize and are replaced by high
quality new mortgage insurance business. Radian Guaranty remains in
the top tier of US mortgage insurers with an approximate 20% share
of the US private mortgage insurance market. Radian Guaranty's
strong client diversification and improving profitability metrics
also support the rating. These strengths are tempered by the firm's
lack of unrestricted dividend capacity, sizable debt maturities at
parent holding company Radian Group Inc. (senior Ba3/positive)
within the next few years and an unresolved tax dispute with the
IRS.

RATING DRIVERS

In Moody's view, the fortunes of the companies operating in the US
mortgage insurance sector tend to move in lockstep. As such, an
improvement in the sector's credit fundamentals or the
implementation of public policy decisions that work materially in
favor of mortgage insurers could provide upward rating pressure on
the sector. Conversely, public policy decisions that work against
the sector or widespread price competition among firms could place
downward rating pressure on the sector.

In addition, the following rating drivers apply to individual
companies:

Arch Mortgage Group

While the ratings of UGRIC and AMI are unlikely to be upgraded
further over the near term, the following factors could positively
influence their credit profiles: (1) stronger explicit and implicit
support from Arch Capital or its core affiliated operating
subsidiaries; (2) continued leadership position in the US mortgage
insurance sector; (3) evidence that new insurance written continues
to have strong credit quality; and (4) maintaining comfortable
compliance with the PMIERs.

Conversely, the following factors could lead to a downgrade of the
ratings: (1) a downgrade of Arch Re Bermuda or termination of the
reinsurance support provided by Arch Re Bermuda; (2) non-compliance
with PMIERs; (3) a decline in shareholders' equity by more than 10%
over a rolling twelve month period; and (4) significant weakening
of underwriting standards or pricing.

AMG's IFS rating is expected to remain closely linked to that of
UGRIC and AMI going forward. Consequently, an upgrade or downgrade
of these affiliates is likely to result in an upgrade or downgrade
of AMG.

Essent Guaranty

While Essent's ratings are unlikely to be upgraded further over the
near term, the following factors could positively influence the
company's credit profile: (1) continued development of its US
mortgage insurance platform; (2) maintaining a high quality insured
portfolio; and (3) maintaining comfortable compliance with PMIERs.

Conversely, the following factors could lead to a downgrade of
Essent's rating: (1) non-compliance with PMIERs; (2) a decline in
shareholders' equity (including share repurchases) by more than 10%
over a rolling twelve month period; (3) significant weakening of
underwriting standards or pricing; and (4) adjusted financial
leverage greater than 20%.

Genworth Mortgage Insurance

The following factors could lead to an upgrade of GMICO's rating:
(1) improvement in GNW's financial flexibility, including a clear
path to managing the debt maturities in 2018 and 2020/2021; and (2)
continued improvement of GMICO's stand-alone credit profile as
evidenced by increased market share at attractive pricing levels,
continued strong earnings and strong capital adequacy reflected in
its PMIERs cushion.

Conversely, the following factors could lead to a return to a
stable outlook or a downgrade of the GMICO's rating: (1) GNW does
not complete its acquisition with COH and the associated actions to
address its high debt leverage at Holdings; (2) a further weakening
of GNW's financial flexibility that would result in a material
decline in GMICO's capitalization by more than 10% over a rolling
twelve month period; (3) significant weakening of underwriting
standards or pricing; and (4) non-compliance with the GSE PMIERs.

MGIC

While MGIC's ratings are unlikely to be upgraded further over the
near term, the following factors could positively influence the
company's credit profile: (1) better alignment of MTG's debt
maturity profile to MGIC's expected dividend capacity and/or
reduction of debt at MTG; (2) comfortable compliance with PMIERS;
(3) more clarity about the range of potential outcomes in the
groups tax dispute with the IRS.

Alternatively, the following factors could lead to a downgrade: (1)
non-compliance with PMIERs; (2) deterioration in the company's
underwriting ability leading to a material reduction in operating
performance; (3) an adverse outcome on the IRS tax dispute that is
significantly beyond the amount that has already been placed on
deposit or held in reserves; (4) total leverage consistently
greater than 30%; and (5) a material decline in MTG's
capitalization (including share repurchases) by more than 10% over
a rolling twelve month period.

National Mortgage Insurance

The following factors could lead to an upgrade of NMIC's ratings:
(1) improved laddering of debt maturities; (2) continued
development of NMIC's US mortgage insurance platform; (3) success
in accessing capital to fund growth; and (4) maintaining
comfortable compliance with PMIERs.

Conversely, the following factors could lead to a return to a
stable outlook or a downgrade of the group's ratings: (1)
non-compliance with PMIERs; (2) a decline in shareholders' equity
(including share repurchases) by more than 10% over a rolling
twelve month period; (3) the inability to significantly improve its
profitability metrics; (4) failure to access sufficient capital to
fund growth and refinance debt; and/or (5) debt-to-capital ratio
above 35%.

Radian Group

The following factors could lead to an upgrade of Radian's ratings:
(1) better alignment of the parent's debt maturity profile to
Radian Guaranty's expected future dividend capacity; (2) adjusted
financial leverage in the 20% range; and (3) sustained PMIERs
compliance with an increasing capital adequacy buffer.

Conversely, the following factors could lead to a return to a
stable outlook or a downgrade of the Radian's ratings: (1)
non-compliance with PMIERs; (2) a decline in shareholders' equity
(including share repurchases) by more than 10% over a rolling
twelve month period; (3) deterioration in the parent company's
ability to meet its debt service requirements; and (4) an adverse
outcome on the IRS tax dispute that is significantly beyond the
amount that has already been placed on deposit or held in
reserves.

The following ratings have been upgraded:

Arch Mortgage Insurance Company -- insurance financial strength to
A3 from Baa1;

Arch Mortgage Guaranty Company - insurance financial strength to A3
from Baa1;

Essent Guaranty, Inc. - insurance financial strength to Baa1 from
Baa2;

Mortgage Guaranty Insurance Corp. -- insurance financial strength
to Baa2 from Baa3;

MGIC Indemnity Corporation -- insurance financial strength to Baa2
from Baa3;

MGIC Investment Corporation -- senior unsecured debt to Ba2 from
Ba3, provisional senior unsecured shelf to (P)Ba2 from (P)Ba3,
junior subordinated debt to Ba3 (hyb) from B1 (hyb), provisional
subordinate shelf to (P)Ba3 from (P)B1 and provisional preferred
shelf to (P)B1 from (P) B2;

United Guaranty Residential Insurance Co. - insurance financial
strength to A3 from Baa1.

The following ratings have been affirmed:

Genworth Mortgage Insurance Corporation -- insurance financial
strength at Ba1;

National Mortgage Insurance Corporation -- insurance financial
strength at Ba1;

NMI Holdings, Inc. -- senior secured term loan at B1;

Radian Guaranty Inc. -- insurance financial strength at Baa3;

Radian Group Inc. -- senior unsecured debt at Ba3;

Outlook Actions:

Issuer: Arch Mortgage Insurance Company

Issuer: Arch Mortgage Guaranty Company

Issuer: United Guaranty Residential Insurance Co.

-- Outlook, to Stable from Positive

Issuer: Essent Guaranty, Inc.

Issuer: Mortgage Guaranty Insurance Corp.

Issuer: MGIC Indemnity Corporation

Issuer: MGIC Investment Corporation

-- Outlook, Remains Stable

Issuer: Genworth Mortgage Insurance Corporation

Issuer: National Mortgage Insurance Corporation

Issuer: NMI Holdings, Inc.

Issuer: Radian Guaranty Inc.

Issuer: Radian Group Inc.

-- Outlook, to Positive from Stable

The principal methodology used in these ratings was Mortgage
Insurers published in April 2016.


MICHAEL BROTHERS: Unsecureds to Get 5% Dividend Within 5 Yrs.
-------------------------------------------------------------
Michael Brothers filed with the U.S. Bankruptcy Court for the
District of Massachusetts an amended disclosure statement dated
Aug. 9, 2017, referring to the Debtor's plan of reorganization
dated June 16, 2017.

Class III consists of the holder of General Unsecured Claims
against Debtor, which are American Express, Bank of America, CACH,
LLC, Chase c/o Nationwide Credit Inc., Chase c/o United Collection
Bureau, Discover, FIA Card Services, IRS, Massachusetts DOR, and
UPromise.

The Claims in Class III will be impaired.  Each holder of a Class
III Claim will be entitled to vote to accept or reject the Plan on
account of the Class III Claim.  This class consists of the holders
of General Unsecured Claims.  These General Unsecured Claims will
be paid a dividend of 5% to be paid within five years of
confirmation.  The Debtor reserves the right to pay these claims in
less than five years, if possible, without penalty.

The Claims in this class total $108,262.57.  The 5% dividend
results in a total distribution to this class of $5,413.13.  the
Debtor will pay this distribution as follows:

     a. $1,082.63 to members of this class within one year of
        confirmation to be paid monthly at $90.22;

     b. $1,082.63 to members of this class between years one and
        two of confirmation to be paid monthly at $90.22;

     c. $1,082.63 to members of this class between years two and
        three of confirmation to be paid monthly at $90.22;

     d. $1,082.63 to members of this class between years three and

        four of confirmation to be paid monthly at $90.22; and

     e. $1,082.63 to members of this class between years four and
        five of confirmation to be paid monthly at $90.22.

Any creditor with a dividend of less than $300 in total may be paid
quarterly or in full, not in monthly installments by Debtor.  

This Plan is based on income of Debtor, Michael Brothers, who is
self-employed as an attorney.  The Debtor's wife is a nurse and
will be contributing income to pay for the Plan.

Upon confirmation it is estimated Debtor will need to pay
approximately $9,000 for administrative claims, $1,660.17 for the
distribution to the Class I and II creditors, $90.22 for the first
monthly distribution to the Class III creditors, and $362.29 for
the first monthly distribution to the Class IV creditors.  The
Debtor has over $12,500 in his debtor-in-possession account.
The Amended Disclosure Statement is available at:

           http://bankrupt.com/misc/mab16-41295-79.pdf

                    About Michael Brothers

Michael Brothers filed a Chapter 11 bankruptcy petition (Bankr. D.
Mass. Case No. 16-41295) on March 23, 2016.  John Ullian, Esq., at
The Law Firm of Ullian & Associates, P.C., serves as bankruptcy
counsel.


MICHAEL DOMBROWSKI: Sale of Atlanta Home for $121K Approved
-----------------------------------------------------------
Judge Clifton R. Jessup, Jr. of the U.S. Bankruptcy Court for the
Northern District of Alabama authorized Michael G. Dombrowski's
private sale of his rental home located at 95 Forsyth Street SW,
Unit 3D, Atlanta, Georgia, to Debora Caruth for $121,000.

A hearing on the Amended Motion was held on Aug. 17, 2017.

The sale is free and clear of all liens.

All proceeds from this sale are to be held in trust by the Debtor
pending the Confirmation hearing on the Debtor's Plan of
Reorganization set for Aug. 22, 2017.

                    About Michael Dombrowski

The Michael G. Dombrowski is an active real estate investor with
numerous real properties in Alabama and several other states.  In
addition to his own properties, he is a member or member/owner of
several limited liability companies that own real properties.

Mr. Dombrowski sought Chapter 11 protection (Bankr. N.D. Ala. Case
No. 16-81412) on May 11, 2016.  The Debtor tapped Tazewell Shepard,
Esq., at Sparkman, Shepard & Morris, P.C., as counsel.


MISSIONARY ASSEMBLY: Taps Blackstone Environmental as Consultant
----------------------------------------------------------------
Missionary Assembly of God of Marlborough, Inc. seeks approval from
the U.S. Bankruptcy Court for the District of Massachusetts to hire
Blackstone Environmental Solutions, LLC.

The firm will serve as consultant to the Debtor with respect to
remediation of minor environmental contamination on its real estate
located at 373 Lincoln Street, Marlborough, Massachusetts.

Blackstone has requested a $5,000 retainer to be paid by the Debtor
upon execution of their agreement.

Michael Bricher, principal of Blackstone, disclosed in a court
filing that he and other members of his are "disinterested" as
defined in section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Michael Bricher
     Blackstone Environmental Solutions, LLC
     76 Bay View Drive
     Shrewsbury, MA 01545
     Tel: 508-612-4738
     Email: mbricher@townisp.com

                  About Missionary Assembly of
                    God of Marlborough Inc.

Missionary Assembly of God of Marlborough Inc. is a religious
corporation as defined by Massachusetts law, and a Sec. 501(c)(3)
charitable organization that operates as church for Christian
fellowship.  Its financial problems stem in part from a decline in
attendance, but mostly from the fact that the mortgage on the
property was a short-term, balloon mortgage which came due.

Missionary Assembly of God filed a Chapter 11 bankruptcy petition
(Bankr. D. Mass. Case No. 17-41182) on June 28, 2017, estimating
under $50,000 in both assets and liabilities.

The Hon. Elizabeth D. Katz presides over the case.

The Debtor hired David G. Baker, Esq., at the Law Office of David
G. Baker.


MONDO WINE: Disclosures OK'd; Plan Confirmation Hearing on Nov. 8
-----------------------------------------------------------------
The Hon. Peter H. Carroll of the U.S. Bankruptcy Court for the
Central District of California has approved Mondo Wine Estate LLC's
disclosure statement referring to the Debtor's plan of
reorganization.

Hearing on confirmation of the Plan will be heard on Nov. 8, 2017,
at 10:00 a.m.,

All creditors must return ballots with regard to the Plan and file
objections to the Plan by Oct. 25, 2017.

                     About Mondo Wine Estate

Mondo Wine Estate LLC, based in Paso Robles, CA, filed a Chapter 11
petition (Bankr. C.D. Cal. Case No. 17-10509) on March 24, 2017.
In its petition, the Debtor estimated $2.7 million in assets and
$2.24 million in liabilities. The petition was signed by Carl
Douglas Mondo, managing member.

The Hon. Peter Carroll presides over the case.  William C. Beall,
Esq., at Beall & Burkhardt, APC, serves as the Debtor's bankruptcy
counsel.


MOTORS LIQUIDATION: Proposes New Settlement Agreement with New GM
-----------------------------------------------------------------
As disclosed on Aug. 11, 2017, in its quarterly report on Form
10-Q, the Motors Liquidation Company GUC Trust is involved in
litigation concerning purported economic losses, personal injuries
and/or death suffered by certain lessees and owners of vehicles
manufactured by General Motors Corporation prior to its sale of
substantially all of its assets to NGMCO, Inc., n/k/a General
Motors LLC.  Certain of the Potential Plaintiffs have filed
lawsuits against New GM, filed motions seeking authority from the
Bankruptcy Court for the Southern District of New York to file
claims against the GUC Trust, or are members of a putative class
covered by those actions.

As previously disclosed, including most recently in the August 2017
10-Q, the GUC Trust had been engaged in discussions with certain of
the Potential Plaintiffs regarding a potential settlement of the
Late Claims Motions and various related issues, and that such
discussions had meaningfully progressed.  At no point did the GUC
Trust execute an agreement that would comprise the Potential
Plaintiff Settlement, and the GUC Trust believes that the terms, to
the extent negotiated, in respect of any Potential Plaintiff
Settlement were at no point binding on the parties.  On Aug. 16,
2017, counsel to certain of the Potential Plaintiffs delivered a
letter to the Bankruptcy Court asserting that the Potential
Plaintiff Settlement was binding on the GUC Trust.  The GUC Trust
believes that those claims are without merit and intends to
vigorously defend against those assertions.

The GUC Trust has also been in discussions in recent days with New
GM.  On Aug. 16, 2017, the GUC Trust and New GM filed a letter with
the Bankruptcy Court announcing (i) that the GUC Trust was no
longer pursuing the Potential Plaintiff Settlement, and (ii) that
the GUC Trust and New GM had reached an agreement in principle with
respect to the following terms (all of which are described in
greater detail in the August 16 Letter):

   * New GM will reimburse the reasonable legal and expert fees of

     the GUC Trust incurred by it in connection with defending
     against the Late Claims Motions, opposing the proofs of claim

     that are the subject of the Late Claims Motions, any related
     appeals or litigation (including in the pending MDL
     proceeding before Judge Furman), and the preparation,
     negotiation and prosecution of the New GM Agreement;

   * During the term of the New GM Agreement, the GUC Trust will
     refrain from seeking an order estimating the claims of the
     Potential Plaintiffs or settling the Late Claims Motions (or
     any underlying claims of the Potential Plaintiffs) until
     after the following have occurred: (a) a final and non-
     appealable order is entered adjudicating the Late Claim
     Motions; and (b) a final and non-appealable order is entered
     resolving all class certification issues involving claims
     relating to the consolidated class action complaint filed by
     the economic loss plaintiffs in the MDL Proceeding;

   * In the event that the GUC Trust is, following the resolution
     of the Term Loan Avoidance Action (as defined in the GUC
     Trust Agreement), in a position to make a distribution of
     Excess GUC Trust Distributable Assets (as defined in the GUC
     Trust Agreement) but for the continuing litigation related to

     the Late Claims Motions, then the GUC Trust and New GM will
     agree to engage in good faith discussions about whether New
     GM is willing to pay an appropriate rate of return and, if
     so, the amount of that rate of return for such delay in
     distributions as a result of such litigation.

   * In the event that an appropriate rate of return cannot
     promptly be agreed between the GUC Trust and New GM, the GUC
     Trust may terminate the New GM Agreement on 30 days
     written notice to New GM and the Settlement Restriction will
     be lifted.

While the foregoing terms have been agreed to in principle by the
GUC Trust and New GM and have been approved by the Trust Monitor of
the GUC Trust, the terms of the New GM Agreement remain subject to
certain conditions which may or may not ever be satisfied,
including the parties' ability to reach definitive documentation
and obtain the approval of the Bankruptcy Court.  Whether the
conditions precedent for the effectiveness of certain terms of the
New GM Agreement will, at any point, be satisfied is uncertain and
subject to numerous risks.  Accordingly, holders of Units should
carefully consider such uncertainty before making any decisions
with respect to their investment in such units.

A copy of the August 16 Letter is available for free at:

                     https://is.gd/rnSM9M

                   About Motors Liquidation

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 09-50026) on
June 1, 2009.  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  Harvey R. Miller, Esq., Stephen Karotkin, Esq.,
and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges LLP,
assist the Debtors in their restructuring efforts.  Al Koch at AP
Services, LLC, an affiliate of AlixPartners, LLP, serves as the
Chief Executive Officer for Motors Liquidation Company.  GM is also
represented by Jenner & Block LLP and Honigman Miller Schwartz and
Cohn LLP as counsel.  Cravath, Swaine, & Moore LLP is providing
legal advice to the GM Board of Directors.  GM's financial advisors
are Morgan Stanley, Evercore Partners and the Blackstone Group LLP.
Garden City Group is the claims and notice agent of the Debtors.

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors and a separate Official Committee of Unsecured Creditors
Holding Asbestos-Related Claims.  Lawyers at Kramer Levin Naftalis
& Frankel LLP served as bankruptcy counsel to the Creditors
Committee.  Attorneys at Butzel Long served as counsel on supplier
contract matters.  FTI Consulting Inc. served as financial advisors
to the Creditors Committee.  Elihu Inselbuch, Esq., at Caplin &
Drysdale, Chartered, represented the Asbestos Committee.  Legal
Analysis Systems, Inc., served as asbestos valuation analyst.

The Bankruptcy Court entered an order confirming the Debtors'
Second Amended Joint Chapter 11 Plan on March 29, 2011.  The Plan
was declared effect on March 31, 2011.

On Dec. 15, 2011, Motors Liquidation Company was dissolved.  On the
Dissolution Date, pursuant to the Plan and the Motors Liquidation
Company GUC Trust Agreement, dated March 30, 2011, between the
parties thereto, the trust administrator and trustee -- GUC Trust
Administrator -- of the Motors Liquidation Company GUC Trust,
assumed responsibility for the affairs of and certain claims
against MLC and its debtor subsidiaries that were not concluded
prior to the Dissolution Date.


MRI INTERVENTIONS: Two Directors Resign From Board
--------------------------------------------------
Charles E. Koob notified MRI Interventions, Inc. on Aug. 16, 2017,
of his decision not to stand for reelection to the Company's Board
of Directors at the Company's 2017 Annual Meeting of stockholders
to be held on Oct. 3, 2017.  Mr. Koob currently serves on the Audit
Committee and the Corporate Governance and Nominating Committee of
the Board, and the Board intends to replace him on those committees
with John R. Fletcher and Maria Sainz, respectively, assuming the
election of each to the Board at the 2017 Annual Meeting.  Having
served as a director of the Company since August 2008, Mr. Koob
elected to step down from the Board voluntarily for personal
reasons.  Accordingly, Mr. Koob's resignation was not the result of
any disagreement with management, the Company or its operations,
policies or practices.

In recognition of the contributions made by Mr. Koob as a director
of the Company, the Board's Compensation Committee extended the
option exercise period through Oct. 3, 2019, of the option to
purchase 500 shares awarded to Mr. Koob on June 8, 2016, under the
Company's Non-Employee Director Compensation Plan.  The
Compensation Committee also extended the option exercise period for
the following stock options previously awarded to Mr. Koob under
the Director Compensation Plan: (i) the purchase of 500 shares
awarded on June 5, 2015; (ii) the purchase of 500 shares awarded on
June 4, 2014; (iii) the purchase of 500 shares awarded on June 14,
2013; and (iv) the purchase of 1,125 shares awarded on April 13,
2012.

On Aug. 16, 2017, Philip A. Pizzo notified the Company of his
decision not to stand for reelection to the Board at the Company's
2017 Annual Meeting.  Dr. Pizzo currently serves on the
Compensation Committee and the Corporate Governance and Nominating
Committee of the Board, and the Board intends to replace him on
those committees with Maria Sainz and Timothy T. Richards,
respectively, assuming the election of each to the Board at the
2017 Annual Meeting.  Having served as a director of the Company
since April 2013, Dr. Pizzo elected to step down from the Board
voluntarily for personal reasons.  Accordingly, Dr. Pizzo's
resignation was not the result of any disagreement with management,
the Company or its operations, policies or practices.

In recognition of the contributions made by Dr. Pizzo as a director
of the Company, the Board's Compensation Committee extended the
option exercise period through Oct. 3, 2019, of the option to
purchase 500 shares awarded to Dr. Pizzo on June 8, 2016 under the
Director Compensation Plan.  The Compensation Committee also
extended the option exercise period through Aug. 16, 2019, for the
following stock options previously awarded to Dr. Pizzo under the
Director Compensation Plan: (i) the purchase of 500 shares awarded
on June 5, 2015; (ii) the purchase of 500 shares awarded on June 4,
2014; (iii) the purchase of 500 shares awarded on June 14, 2013;
and (iv) the purchase of 1,125 shares awarded on April 12, 2013.

As a result of the decisions by Mr. Koob and Dr. Pizzo not to stand
for reelection to the Board at the 2017 Annual Meeting, the Board
has determined to reduce the size of the Board from nine members to
seven members, effective as of the conclusion of the 2017 Annual
Meeting.  The Board believes that the qualifications of the
remaining Board members are relevant and appropriate, individually
and in the aggregate, in continuing to provide oversight of the
Company's strategic direction and operations, and that the reduced
size of the Board will increase independent Board member engagement
with the Company's management and decrease costs associated with
Board fees and expenses.

                     About MRI Interventions

Based in Irvine, Calif., MRI Interventions, Inc. --
http://www.mriinterventions.com/-- is a medical device company.  
The Company develops and commercializes platforms for performing
minimally invasive surgical procedures in the brain and heart under
direct, intra-procedural magnetic resonance imaging (MRI) guidance.
It has two product platforms: ClearPoint system, which is used to
perform minimally invasive surgical procedures in the brain and
ClearTrace system, which is under development, to be used to
perform minimally invasive surgical procedures in the heart.

MRI Interventions incurred a net loss of $8.06 million for the year
ended Dec. 31, 2016, compared to a net loss of $8.44 million for
the year ended Dec. 31, 2015.  As of June 30, 2017, MRI
Interventions had $16.85 million in total assets, $8.32 million in
total liabilities and $8.52 million in total stockholders' equity.

Cherry Bekaert LLP, in Charlotte, North Carolina, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2016, citing that the Company incurred net
losses during the years ended Dec. 31, 2016, and 2015 of
approximately $8.1 million and $8.4 million, respectively.
Additionally, the stockholders' deficit at Dec. 31, 2016, was
approximately $756,000.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.


MRI INTERVENTIONS: Will Hold 2017 Annual Meeting on Oct. 3
----------------------------------------------------------
MRI Interventions, Inc. will hold its 2017 annual meeting on Oct.
3, 2017.  The exact time and location of the 2017 Annual Meeting
will be specified in the Company's proxy statement for the 2017
Annual Meeting.

Because the Company's 2017 Annual Meeting has been changed by more
than 30 calendar days from the date of the previous year's meeting,
the Company is affirming the deadline for receipt of qualified
stockholder proposals submitted pursuant to Rule 14a-8 of the
Securities Exchange Act of 1934, as amended, for inclusion in the
Company's proxy materials for the 2017 Annual Meeting.

The deadline for the receipt of any qualified stockholder proposals
submitted pursuant to Rule 14a-8 under the Exchange Act will be not
later than the close of business on Sept. 1, 2017.  Qualified
stockholder proposals must be received by the Company at its
principal executive offices located at 5 Musick, Irvine, California
92618, addressed to the Corporate Secretary of the Company.  All
proposals must comply with applicable Delaware law, the rules and
regulations promulgated by the SEC and the procedures set forth in
the Company's Amended and Restated Bylaws.

                     About MRI Interventions

Based in Irvine, Calif., MRI Interventions, Inc. --
http://www.mriinterventions.com/-- is a medical device company.  
The Company develops and commercializes platforms for performing
minimally invasive surgical procedures in the brain and heart under
direct, intra-procedural magnetic resonance imaging (MRI) guidance.
It has two product platforms: ClearPoint system, which is used to
perform minimally invasive surgical procedures in the brain and
ClearTrace system, which is under development, to be used to
perform minimally invasive surgical procedures in the heart.

MRI Interventions incurred a net loss of $8.06 million for the year
ended Dec. 31, 2016, compared to a net loss of $8.44 million for
the year ended Dec. 31, 2015.  

As of June 30, 2017, MRI Interventions had $16.85 million in total
assets, $8.32 million in total liabilities and $8.52 million in
total stockholders' equity.

Cherry Bekaert LLP, in Charlotte, North Carolina, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2016, citing that the Company incurred net
losses during the years ended Dec. 31, 2016, and 2015 of
approximately $8.1 million and $8.4 million, respectively.
Additionally, the stockholders' deficit at Dec. 31, 2016, was
approximately $756,000.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.


MSAMN CORP: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------
The Office of the U.S. Trustee on August 18 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of MSAMN Corp.

                        About MSAMN Corp.

MSAMN Corp. sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W.D. Pa. Case No. 17-23126) on August 3, 2017.  Prasad
Margabandhu, president, signed the petition.  

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

Judge Carlota M. Bohm presides over the case.


NEONODE INC: Peter Lindell Reports 5.97% Stake as of Aug. 8
-----------------------------------------------------------
Peter Lindell disclosed in a Schedule 13G filed with the Securities
and Exchange Commission that as of Aug. 8, 2017, he beneficially
owns 3,500,000 shares of common stock of Neonode, Inc. representing
5.97 percent of the shares outstanding.  The shares are owned
directly by Cidro Forvaltning AB, an entity beneficially owned by
Mr. Lindell.  Mr. Lindell resides at Lilla Erstagatan 6, 116 28
Stockholm, Sweden.  A full-text copy of the regulatory filing is
available for free at https://is.gd/2MdRe9

                         About Neonode

Neonode Inc. (NASDAQ:NEON) -- http://www.neonode.com/-- develops
and licenses optical interactive sensing technologies.  Neonode's
patented optical interactive sensing technology is developed for a
wide range of devices like automotive systems, printers, PC
devices, monitors, mobile phones, tablets and e-readers.  NEONODE
and the NEONODE Logo are trademarks of Neonode Inc. registered in
the United States and other countries.  AIRBAR is a trademark of
Neonode Inc.  All other trademarks are the property of their
respective owners.

Neonode incurred a net loss attributable to the Company of $5.29
million for the year ended Dec. 31, 2016, following a net loss
attributable to the Company of $7.82 million for the year ended
Dec. 31, 2015.  

As of June 30, 2017, Neonode had $10.80 million in total assets,
$8.56 million in total liabilities and $2.23 million in total
stockholders' equity.


NEONODE INC: Ulf Rosberg Has 5.97% Stake as of Aug. 8
-----------------------------------------------------
In a Schedule 13D filed with the Securities and Exchange
Commission, Ulf Rosberg reported that as of Aug. 8, 2017, he
beneficially owns 3,500,000 shares of common stock of Neonode Inc.
representing 5.97 percent of the shares outstanding.  The shares
are owned directly by UMR Invest AB, an entity beneficially owned
by Mr. Rosberg.

Mr.Rosberg resides at Fafnervaegen 2, 18266 Djursholm, Sweden.  He
currently serves as chief executive officer of UMR Invest AB, a
private holding company and as chairman of Payair Technologies AB.

The Reporting Person beneficially acquired the Common Stock
pursuant to a Securities Purchase Agreement with the Issuer dated
Aug. 2, 2017.  The Agreement also provided for the issuance to the
Reporting Person of warrants exercisable for 1,166,667 additional
shares of Common Stock; however, those warrants are not exercisable
until Aug. 8, 2018.

The Agreement additionally provided that a majority of purchasers
in the private placement related to the Agreement were entitled to
designate up to two representatives to serve on the Board of
Directors of the Issuer.  The Reporting Person has been so
designated.  The Board of Directors has agreed to act upon the
designation of the Reporting Person to the Board no later than the
date of the Issuer's 2017 Annual Meeting of Stockholders, which is
anticipated to be held on Oct. 3, 2017.

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

                    https://is.gd/RVSpzo

                        About Neonode

Neonode Inc. (NASDAQ:NEON) -- http://www.neonode.com/-- develops
and licenses optical interactive sensing technologies.  Neonode's
patented optical interactive sensing technology is developed for a
wide range of devices like automotive systems, printers, PC
devices, monitors, mobile phones, tablets and e-readers.  NEONODE
and the NEONODE Logo are trademarks of Neonode Inc. registered in
the United States and other countries.  AIRBAR is a trademark of
Neonode Inc.  All other trademarks are the property of their
respective owners.

Neonode incurred a net loss attributable to the Company of $5.29
million for the year ended Dec. 31, 2016, following a net loss
attributable to the Company of $7.82 million for the year ended
Dec. 31, 2015.  

As of June 30, 2017, Neonode had $10.80 million in total assets,
$8.56 million in total liabilities and $2.23 million in total
stockholders' equity.


NORTHWEST GOLD: Unsecureds to be Paid from Tailings Sale Proceeds
-----------------------------------------------------------------
Northwest Gold, LLC, filed with the U.S. Bankruptcy Court for the
District of Alaska a proposed combined plan of reorganization and
disclosure statement, dated August 28, 2017.

Classes 3 and 4 under the plan consist of the allowed claims of
general unsecured creditors which will be paid as follows:

   -- Creditors will receive their claims paid pro rata from net
proceeds of sale of Debtor's inventory of mine tailings.

   -- Claims 2 and 3 by Performance Group and LBT Products,
respectively, are loans, supported by promissory notes, provided by
members of the Debtor and are subordinated in Class 4 to the claims
of Class 3, unsecured.

Creditors in these classes may not take any collection action
against Debtor so long as Debtor is not in material default under
the Plan. These classes are impaired and are entitled to vote on
confirmation of the Plan.

The Debtor proposes to sell its Real Property free and clear of all
liens or other claims under 11 U.S.C. section 363 to Airport
Equipment Rental for $1,000,000. These proceeds will be paid to
Wigger Estate, Class 2, secured. The Debtor proposes to file an
adversary action to avoid AER 2016 security interest in mine
tailings and then to sell the mine tailings located at Wash Plant A
and B for $1,000,000. These proceeds will be paid to Class 3,
unsecured. If Debtor's adversary action is unsuccessful then AER
will own the tailings pursuant to its 2016 security agreement and
there will be no distribution to unsecured creditors.

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

     http://bankrupt.com/misc/akb17-00100-124.pdf

                     About Northwest Gold

Northwest Gold LLC, owns a real property along Park Highway in
Ester, Alaska, which it values at $14 million.  Northwest sells
washed mine tailings from the property, grossing $170,000 from
sales in 2016.

Northwest Gold filed a Chapter 11 petition (Bankr. D. Alaska Case
No. 17-00100) on March 21, 2017.  The petition was signed by Robert
Knappe, Jr., manager.  The Debtor disclosed $26.02 million in
assets and $12.01 million in liabilities.  The Debtor is
represented by Erik LeRoy, Esq., at Erik LeRoy, P.C.


PALMETTO'S SMOKE: Sept. 14 Plan Confirmation Hearing
----------------------------------------------------
The U.S. Bankruptcy Court for the District of South Carolina has
conditionally approved Palmetto's Smoke House and Oyster Bar LLC's
disclosure statement dated Aug. 7, 2017, referring to the Debtor's
Chapter 11 plan dated Aug. 7, 2017.

A hearing to consider the final approval of the Disclosure
Statement and plan confirmation will be held on Sept. 14, 2017,
10:30 a.m.

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

Ballots accepting or rejecting the Plan must be submitted by Sept.
9, 2017.

As reported by the Troubled Company Reporter on Aug. 21, 2017, the
Debtor filed with the Court a disclosure statement dated Aug. 7,
2017, referring to the Debtor's plan of reorganization, which
proposes that Class 6 General Unsecured Claims be paid a percentage
of their allowed claims without interest after the Effective Date
as set forth in the Plan.  General unsecured creditors, excluding
the Internal Revenue Service, will get a 25% payout through equal
installments over 60 months.  

                  About Palmetto's Smoke House

Headquartered in Clemson, South Carolina, Palmetto's Smoke House
and Oyster Bar, LLC, filed for Chapter 11 bankruptcy protection
(Bankr. D. S.C. Case No. 17-00649) on Feb. 9, 2017, estimating
assets of less than $50,000 and liabilities of less than $1
million.  

Robert H. Cooper, Esq., at The Cooper Law Firm serves as the
Debtor's bankruptcy counsel.

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


PAYLESS INC: Moody's Assigns Caa1 CFR Amid Bankruptcy Emergence
---------------------------------------------------------------
Moody's Investors Service assigned new ratings for Payless Inc.
following its emergence from bankruptcy last week, including a Caa1
Corporate Family Rating ("CFR") and a Caa1-PD Probability of
Default Rating ("PDR"). Moody's also assigned instrument ratings to
the company's exit financing, including a Caa1 rating on its $80
million A-1 senior secured term loan due 2022 (first-out relative
to the A-2 term loan) and a Caa2 rating on its $200 million A-2
senior secured term loan due 2022. The company's debt
capitalization also includes an unrated $260 million Asset-Based
Revolving Credit Facility ("ABL"), which had approximately $90
million outstanding as of the emergence date. The ratings outlook
is stable.

"Payless has materially reduced its debt load and lease commitments
through the bankruptcy process, but financial risk remains high
owing to persistently weak trends in its core U.S. brick and mortar
business and its still heavy debt service costs and modest
operating margins," said Dan Altieri, Assistant Vice President and
Moody's lead analyst for the company.

Moody's estimates lease-adjusted leverage and interest coverage
(EBIT/Interest Expense) of around 5 times and just below 1 time,
respectively, after an over 50% reduction in funded debt
(approximately $470 million) and significant cancellation and
restructuring of leasehold obligations during the company's
reorganization and emergence from bankruptcy. While top-lines will
likely continue to be pressured by a challenging retail
environment, Moody's does see earnings benefiting from the closure
of approximately 800 underperforming stores, renegotiated rents,
and headcount and operating expense reductions. Over time, the
benefits of various growth initiatives including international
expansion, product and inventory adjustments, and investments in
online capabilities should also help bolster operating
performance.

Moody's took the following rating actions:

Issuer: Payless Inc. (New)

Corporate Family Rating, Assigned at Caa1

Probability of Default Rating, Assigned at Caa1-PD

$80 Million Senior Secured Tranche A-1 Term Loan due 2022, Assigned
at Caa1 (LGD3)

$200 Million Senior Secured Tranche A-2 Term Loan due 2022,
Assigned at Caa2 (LGD4)

Outlook, Assigned at Stable

RATINGS RATIONALE

Payless' Caa1 CFR broadly reflects the company's high leverage and
weak interest coverage pro-forma for the recently completed
bankruptcy reorganization. The rating also reflects Moody's
expectation that the company will continue to face challenges in
its core U.S. business that will remain a headwind to earnings
growth and the prospect of noteworthy improvement in key credit
metrics. Liquidity is expected to be merely adequate over the
forward period, according to the rating agency. The rating is
supported by an expectation that the company will benefit from its
ongoing cost reduction initiatives and strategic growth investments
in the business, which should support at least modest margin
enhancement and somewhat mitigate the negative trends that are
particularly impacting the domestic brick and mortar business. The
rating also incorporates the benefits afforded by the company's
meaningful international presence, and its share of the value
oriented footwear market (sub-$30 price point).

The stable ratings outlook reflects Moody's expectation that
operating performance will benefit from the company's reduced debt
burden, improved margins, and growth initiatives, however topline
pressure in its domestic operations will continue to weigh on
results. Leverage and interest coverage should improve modestly
from current levels but liquidity is expected to remain only
adequate.

A ratings upgrade would require the company to successfully execute
on its proposed business plan, in particular reversing negative
operating trends in its domestic business while driving revenue,
EBITDA and cash flow growth. Interest coverage (EBIT-to-Interest
Expense) approaching and sustained above 1.25 times coupled with
maintenance of a good liquidity profile, particularly if also
accompanied by consistently more meaningful positive free cash flow
generation could warrant consideration for a prospective ratings
upgrade.

Ratings could be downgraded if targeted cost savings and growth
initiatives put in place during the bankruptcy reorganization prove
insufficient to at least stabilize and then grow operating trends,
including revenue, earnings and profitability measures. A worsening
liquidity profile, particularly if driven by cash consumptive
operations, increased reliance on the company's ABL facility, or
concerns about covenant compliance could result in a downgrade.

The principal methodology used in these ratings was Retail Industry
published in October 2015.

Payless operates approximately 3,600 family footwear stores
(including 396 joint venture and 396 franchise locations) in
approximately 30 countries, with pro-forma revenue (after
accounting for store closures and restructuring) of approximately
$1.9 billion. Pro-forma for the reorganization the company is owned
and controlled by prior lenders which includes private equity
owners and hedge funds.


PENINSULA AIRWAYS: U.S. Trustee Forms 5-Member Committee
--------------------------------------------------------
Gail Brehm Geiger, acting U.S. trustee for Region 18, on August 18
appointed five creditors to serve on the official committee of
unsecured creditors in the Chapter 11 case of Peninsula Airways,
Inc.

The committee members are:

     (1) Aviation Inventory Resources, Inc.
         Attn: Morgan Whitehead
         Vice-President of Operations
         12240 E. Highway 917
         Alvarado, TX 76009
         Phone: (817) 672-0060

     (2) SimCom International, Inc.
         D.B.A. Simcom Aviation Training
         Attn: Debbie DeFord
         Director of Finance
         6989 Lee Vista Blvd.
         Orlando, FL 32822
         Phone: (407) 275-1050 ext. 2231

     (3) Jet Support Services, Inc.
         Attn: Paul Rahe
         Senior Vice-President & General Counsel
         180 N. Stetson Ave. 29th Floor
         Chicago, IL 60601
         Phone: (312) 494-8626

     (4) Worldwide Aircraft Services, Inc.
         Attn: David Vorbeck
         Administrative Director
         2755 N. General Aviation Avenue
         Springfield, MO 65803
         Phone: (417) 865-1879

     (5) Northern Maine Regional
         Attn: Scott Wardwell
         Airport Director
         650 Airport Drive, Suite 11
         Presque Isle, ME 04769
         Phone: (207) 764-2550

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

                    About Peninsula Airways

Founded in 1955 by Orin Seybert in Pilot Point, Alaska, PenAir is
one of the oldest family owned airlines in the United States.  It
is Alaska's second largest commuter airline operating an extensive
scheduled passenger and cargo service, as well as charter and
medevac services, and also operates scheduled passenger service in
several regions of the continental U.S. Its main base is Ted
Stevens Anchorage International Airport, with other hubs located at
Portland International Airport in Oregon, Boston Logan
International Airport in Massachusetts and Denver International
Airport in Colorado.  PenAir currently has a code sharing agreement
in place with Alaska Airlines with its flights operated in the
state of Alaska as well as all of its flights in the lower 48
states appearing in the Alaska Airlines system timetable.

Peninsula Airways, Inc., d/b/a PenAir, filed a Chapter 11 petition
(Bankr. D. Alaska Case No. 17-00282) on Aug. 6, 2017.  The petition
was signed by Daniel P. Seybert, president. The case is assigned to
Judge Gary Spraker.  The Debtor is represented by Cabot C.
Christianson, Esq., at the Law Offices of Cabot Christianson, P.C.
At the time of filing, the Debtor estimated assets and liabilities
ranging from $10 million to $50 million.


PFO GLOBAL: Trustee Selling Assets by Auction
---------------------------------------------
Shawn K. Brown, the Chapter 11 Trustee of PFO Global, Inc., et al.,
asks the U.S. Bankruptcy Court for the Northern District of Texas
to authorize the sale of assets by an online auction to be
conducted by Rosen Systems, Inc.

No hearing will be conducted on the Motion unless a response is
filed no later than Sept. 11, 2017, which is at least 24 days from
the date of service.

The Trustee contends that it is necessary and in the best interest
of the estate and its creditors to liquidate the Assets at public
sale by Auction.  The Trustee has determined that these assets are
not necessary for the type of plan of reorganization that is
currently being considered.

The Trustee has separately sought employment of Rosen to conduct
the auction.  Rosen is currently on the approved list of
auctioneers of the Office of the United States Trustee.  The gross
proceeds, less the buyer's premium, will be paid by the auctioneer
to the Trustee for the benefit of the estate, with the auctioneer's
fee and expenses being subject to Court approval.  Any liens will
attach to the proceeds of the Auction.  The Trustee will file a
Report of Sale within 30 days of the conclusion of the Auction.

The joint administration of these bankruptcy cases is purely
procedural and is in no way intended to affect substantive rights
of creditors.  Therefore, the net sales proceeds for each
particular asset will be allocated to the estate corresponding to
whichever Debtor owned the asset, and the auction expenses will
also be assessed on a pro-rata basis.

The Trustee asks authority to sell certain property of the Debtors
on an "as is, where is" basis, free and clear of all liens, claims,
interest, and encumbrances pursuant to a public auction.

The Trustee proposes to conduct an Auction online at the following
date and time specified: (i) bidding will open Sept. 12, 2017 at 9
a.m.; (ii) Inspection of Assets on Sept. 18, 2017 from 10 a.m. to 4
p.m. at 14401 W. Beltwood Parkway, Suite 115, Farmer's Branch,
Texas; and (iii) Online auction closes on Sept. 19, 2017 starting
at 10 a.m.

An online auction is a timed auction that takes place on the
internet and can be accessed through http://www.rosensystems.com/
The same advertising and preparation are used that would have been
with a traditional onsite auction.  Each lot will be cataloged,
described, photographed, and listed in the online auction catalog.
Bidding for all lots will open seven days prior to the auction's
closing date.  On the auction's closing date, each lot will close
at a rate of one per minute in numerical order beginning with lot
number 1, and proceeding until everything has been sold.

The Trustee may avoid a sale under Section 363(n) of the Bankruptcy
Code if the sale price was controlled by an agreement among
potential bidders at such sale, or may recover from a party to such
agreement any amount by which the value of the property sold
exceeds the price at which such sale was consummated, and may
recover any costs, attorney's fees, or expenses incurred in
avoiding such sale or recovering such amount.  In addition to any
recovery under the preceding sentence, the Court may grant judgment
for punitive damages in favor of the estate and against such party
that entered into such agreement in willful disregard of this.

A copy of the list of Assets to be sold attached to the Motion is
available for free at:

      http://bankrupt.com/misc/PFO_Global_255_Sales.pdf

                     About PFO Global, Inc.

PFO Global, Inc., et al., are a consolidated group of companies
that operate in the eyewear and lenses industry worldwide.  Global
owns 100% of the equity interests in Pro Fit Optix Holding Company,
LLC.  In turn, Holding owns 100% of the equity interests in Pro Fit
Optix, Inc., PFO Technologies, LLC, PFO Optima, LLC, and PFO MCO,
LLC.

PFO Global, Pro Fit Optix Holding Company, Pro Fit Optix, PFO
Technologies, PFO Optima, and PFO MCO, filed Chapter 11 petitions
(Bankr. N.D. Tex. Lead Case No. 17-30355) in Dallas on Jan. 31,
2017.

Rosa R. Orenstein, Esq., and Nathan M. Nichols, Esq., at Orenstein
Law Group, P.C., serve as the Debtors' bankruptcy counsel.  Haynes
and Boone, LLP, is their special corporate and securities law
counsel.  Mahesh Shetty, a certified public accountant, is the
Debtor's financial officer.

In February 2017, a three-member panel was appointed as official
committee of unsecured creditors in the Debtors' case.  The
Committee retained Shraiberg, Ferrara, Landau & Page, P.A. as legal
counsel, and McCathern, PLLC as local counsel.

Shawn K. Brown was appointed Chapter 11 Trustee on June 21, 2017.


PITTSBURGH PROPERTY: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------------
The Office of the U.S. Trustee on August 18 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of City of Pittsburgh Property
Development, Inc.

               About City of Pittsburgh Property
                         Development Inc.

City of Pittsburgh Property Development, Inc. sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Pa. Case No.
17-22729) on July 2, 2017.  Prasad Bandhu, president, signed the
petition.  Elliott & Davis, PC represents the Debtor as bankruptcy
counsel.

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


PLATINUM PARTNERS: Intermediate Fund Files Chapter 15 Petition
--------------------------------------------------------------
Liquidators of Platinum Partners Value Arbitrage Immediate Fund,
Ltd., have filed a Chapter 15 petition to seek U.S. recognition of
the liquidation proceedings in the Cayman Islands of the investment
funds managed by the Platinum group.

Margot MacInnis and Cosimo Borrelli, the duly appointed joint
official liquidators of Platinum Partners Value Arbitrage
Intermediate Fund Ltd., filed with the U.S. Bankruptcy Court for
the Southern District of New York a verified petition for
recognition of the liquidation in the Financial Services Division
of the Grand Court of the Cayman Islands (Cause No. FSD 30 of 2017
(AJJ)) as "foreign main proceeding".

The U.S. Court is already overseeing the Chapter 15 proceedings of
the Platinum Partners Value Arbitrage Fund (International) Ltd. (in
Official Liquidation) (the "International Fund") and Platinum
Partners Value Arbitrage Fund LP. (in Official Liquidation) (the
"Master Fund") -- collectively with the Intermediate Fund -- which
are also in liquidation proceedings in the Cayman Islands.  The
Intermediate Fund is the remaining entity in the Platinum Partners
Value Arbitrage offshore master/feeder structure (the "PPVA
Offshore Group") yet to receive Chapter 15 recognition of its
corresponding Cayman liquidation.

                        Cayman Liquidation

The Cayman Liquidation arose from the collapse of a set of
investment funds promoted and managed by the Platinum group.  The
Court has already recognized the Master Fund's and the
International Fund's liquidations in the Cayman Islands as the
foreign main proceedings of those entities.  The Intermediate Fund
is the third Cayman Islands entity in the PPVA Offshore Group.

The Intermediate Fund is a Cayman Islands exempted company,
incorporated on April 9, 2010, with registration number 239229.
Its registered office was previously located at Intertrust
Corporate Services (Cayman) Limited, 190 Elgin Avenue, George Town,
Grand Cayman KY'1-9005, Cayman Islands.  Upon the appointment of
the Liquidators, the location of the Intermediate Fund's registered
office was Changed to Borrelli Walsh, G/F Harbour Place, PO Box
30847, Grand Cayman, KY1-1204.

The Intermediate Fund was intended to serve as a flow-through, tax
efficient blocker entity between the Master Fund and the
International Fund.  The International Fund operates as an
investment fund, which invests all of its investable capital in the
Intermediate Fund.  In turn, the Intermediate Fund invests all of
its investable capital in, and serves as a limited partner of, the
Master Fund.  The Master Fund invests and trades in US and non-US.
financial instruments and other funds, as well as in certain other
assets and holding companies.

The authorized share capital of the Intermediate Fund is US$50,000,
divided into: (a) 100 Class M Shares of a nominal or par value of
US$1.00 each, of which one share is issued and outstanding,
registered in the name of the Platinum Partners Value Arbitrage, LP
-- Management Shareholder -- and (b) 4,990,000 Participating,
Non-Voting Shares of a nominal or par value of US$0.01 each, of
which the register of members shows no shares having been issued.

The Management Shareholder is a Delaware limited partnership, and
its general partner is Platinum Partners Value Arbitrage (GP)
Corp., a Delaware corporation.  The limited partners are stated to
be Uri Landesman, Mark Nordlicht, and the Mark Nordlicht Grantor
Trust.  Mark Nordlicht is the sole director of the Management
Shareholder.

Pursuant to a Fourth Amended and Restated Investment Management
Agreement dated March 9, 2007 -- amended and restated as of April
27, 2007, July 1, 2010, September 1, 2010 and December 1, 2010) --
Platinum Management (NY) LLC acted as the investment manager for
the Intermediate Fund.  Separately, SS&C Technologies, Inc. serves
as the administrator for the Intermediate Fund.

                    Criminal Proceedings in U.S.

Various entities in the Platinum group and individuals associated
with former management of the Platinum group are currently subject
to criminal and regulatory proceedings in the United States.  The
United States Attorney's Office for the Eastern District of New
York filed a criminal indictment on Dec. 14, 2016, against Mr.
Nordlicht and six other executives of the Platinum Group.

To the best of the Liquidators' knowledge, Mr. Nordlicht is
currently on release under the terms of a Release Order (as
amended) approved by the District Court for the Eastern District of
New York.  The United States Securities and Exchange Commission has
also filed a civil complaint, dated Dec. 19, 2016, against the
Investment Manager and eight others, including Mr. Nordlicht and
the other individuals subject to the criminal indictment.  The SEC
has obtained an order from the District Court for the Eastern
District of New York appointing a third-party independent receiver
over the assets of certain other Platinum Group entities associated
with other funds managed by the Investment Manager.

Prior to the appointment of the Liquidators, control of the
Intermediate Fund remained with Mr. Nordlicht.  On Feb. 6, 2017,
the International Fund liquidators, as shareholders of the
Intermediate Fund, petitioned the Grand Court to enter an order
that the Intermediate Fund would be wound up.  Among other
arguments, the Winding Up Petition asserted the following: (a) the
ability of the Investment Manager, the Management Shareholder, and
the Intermediate Fund to be appropriately managed had been
significantly impaired; (b) a formal insolvency process would
"allow court-appointed official liquidators to fully consider the
affairs of the Intermediate Fund and ensure the efficient flow-
through of any funds to be realized from the Master Fund for the
benefit of the International Fund and its economic stakeholders;
and (c) because the other entities in the Intermediate Fund's
master/feeder structure (the Master Fund and the International
Fund), are both in official liquidation, the Intermediate Fund
necessarily is unable to continue its operations; there is no
active business for the Intermediate Fund to undertake,

In response, the Grand Court entered an order on Feb. 14, 2017
directing that the Intermediate Fund be wound up in accordance with
the Companies Law, and appointing the Liquidators with immediate
effect.

                      Chapter 15 Recognition

Because the Intermediate Fund serves as the conduit between the
International Fund and the Master Fund, the Liquidators request
recognition of the Cayman Liquidation so that the entire PPVA
Offshore Group can benefit from the protections of Chapter 15 of
the Bankruptcy Code, and to allow the winding up of the PPVA
Offshore Group to be administered and implemented in an orderly and
efficient manner across the three PPVA entities.

In addition to the Intermediate Fund, one additional fund acts as a
direct feeder fund into, and is a limited partner of, the Master
Fund. This entity is registered in Delaware and is known as
Platinum Partners Value Arbitrage Fund (USA) L.P.

The Cayman Liquidation is a collective judicial proceeding as
referenced in 15 U.S.C. Sec. 101(23), subject to the oversight and
control of the Grand Court, encompassing all stakeholders of the
Intermediate Fund.  The proceeding is pending in the Cayman
Islands, the country in which the Intermediate Fund was formed,
maintains a registered office, maintains its center of main
interests ("MI"), and where the Liquidators are engaged in the
wind-down and liquidation of the Intermediate Fund's businesses and
affairs, alongside the winding-down of the International Fund and
the Master Fund, the other two offshore entities in the
Intermediate Fund's master/feeder structure.

The Liquidators submit that: (i) the Cayman Liquidation is the
foreign main proceeding within the meaning of Sections 101(23) and
1502(4) of the Bankruptcy Code, (ii) the Liquidators are the duly
appointed foreign representatives of the Intermediate Fund within
the meaning of Section 101(24); (iii) the Liquidators and the
Petition comply with all of the requirements of Sec. 1515 and
Bankruptcy Rule 1007(a)(4); and (iv) recognition of the Cayman
Liquidation would not be contrary to public policy under Sec. 1506
of the Bankruptcy Code.

                   About Platinum Partners Funds

New York-based Platinum Partners was $1.4 billion hedge fund
founded by Mark Nordlicht.

Cayman-based Platinum Partners Value Arbitrage Fund L.P. ("Master
Fund"), Platinum Partners Value Arbitrage Fund (International) Ltd.
("International Fund"), and Platinum Partners Value Arbitrage
Immediate Fund, Ltd. ("Intermediate Fund"), were investment funds
promoted and managed by the Platinum group.

Master Fund, registered with and regulated by the Cayman Islands
Monetary Authority as a master fund, was a multi-strategy hedge
fund.  International Fund, registered with and regulated by CIMA as
a mutual fund, offered participating shares to prospective
investors.  The International Fund's investment objective was to
achieve superior capital appreciation through its indirect
investment in the Master Fund.  The Intermediate Fund was intended
to serve as a flow-through, tax efficient blocker entity between
the Master Fund and the International Fund.

As of June 30, 2016, the Master Fund had total assets of
$1,092,668,500.  The Master Fund's total debt as of May 31, 2016,
was $382,000,000.

On Oct. 27, 2016, the Grand Court of Cayman Islands entered an
order to wind up the operations of the Master Fund and the
International Fund.  Both Funds are in liquidation pursuant to the
orders of the Financial Services Division of the Grand Court of the
Cayman Islands (cause nos. FSD 131 of 2016 (AJJ) (Master Fund) and
118 of 2016 (AJJ) (International Fund) pursuant to Sections 92 and
104 of the Companies Law, of the Cayman Islands (2016 Revision) in
relation to the International Fund and Master Fund, respectively.

The Grand Court entered an order on Feb. 14, 2017 directing that
the Intermediate Fund be wound up in accordance with the Companies
Law.

In December 2016, Mark Nordlicht was arrested at his home in New
Rochelle, New York, in the U.S.  He and six others were charged in
connection to a $1 billion investment fraud that prosecutors said
led the firm to be operated like a Ponzi scheme.

Liquidators filed voluntary petitions under Chapter 15 of the
Bankruptcy Code for the Master Fund and International Fund (Bankr.
S.D.N.Y. Case Nos. 16-12925 and 16-12934) in New York.  The Chapter
15 petitions were filed on Oct. 18, 2016, by Christopher Barnett
Kennedy and Matthew James Wright, the duly appointed joint
provisional liquidators of Master Fund.

Liquidators of the Intermediate Fund filed a Chapter 15 petition
(Bankr. S.D.N.Y. Case No. 17-12269) on August 17, 2017.  The Hon.
Shelley C. Chapman is the case judge.  Liquidators who signed the
petition were Margot MacInnis and Cosimo Borrelli.  Morgan, Lewis &
Bockius LLP is the U.S. counsel.


PREMIER MARINE: Taps GuideSource to Prepare 2016 Tax Returns
------------------------------------------------------------
Premier Marine Inc. seeks approval from the U.S. Bankruptcy Court
for the District of Minnesota to hire GuideSource to prepare its
2016 tax returns and assist the company in other tax-related
matters.

The court had previously approved GuideSource's employment as
financial advisor to the company by order on July 26.

The fee for the preparation of Premier Marine's 2016 tax returns is
$18,000.

GuideSource does not hold or represent any interest adverse to the
Debtor, according to court filings.

The firm can be reached through:

     Richard Gallagher
     GuideSource
     203 Jackson Street, Suite 202B
     Anoka, MN 55303
     Tel: (612) 284-9368

                   About Premier Marine, Inc.

Premier Marine, Inc., filed a Chapter 11 petition (Bankr. D. Minn.
Case No. 17-32006) on June 19, 2017.  Premier Marine is a family
owned business formed in 1992 by Robert Menne and Eugene Hallberg.

The Menne family controls 72.8% of the company equity.  Hallberg
controls the remaining 27.2% and is Premier's landlord.

For 25 years, Premier Marine has manufactured "Premier" brand
pontoon boats -- http://www.pontoons.com/-- in Wyoming, Minnesota.
Premier Marine designs, builds and markets luxury pontoons and
holds many patents on manufacturing elements such as furniture
hinges, J-Clip rail fasteners and the PTX performance package.  The
family-owned and operated Company sells its pontoons through boat
dealers located throughout the United States and Canada.

The need for reorganization in chapter 11 was precipitated by a
failed acquisition of another pontoon manufacturer in 2011.  The
Chapter 11 was filed in response to an eviction action commenced by
Hallberg for the nonpayment of rent.  The Chapter 11 is necessary
to attract a new equity partner, reject the Hallberg leases,
consolidate manufacturing under a single roof and reorganize the
business for the mutual benefit of the Debtor creditors, employees
and dealer network.

The bankruptcy petition was signed by Lori J. Melbostad, the
Debtor's president.  The Debtor estimated assets and liabilities
between $10 million and $50 million.

The case is assigned to Judge Katherine A. Constantine.  The
Debtor's counsel are Michael F. McGrath, Esq., and Will R. Tansey,
Esq., at Ravich Meyer Kirkman McGrath Nauman & Tansey, A
Professional Association.  Guidesource's Richard Gallagher is the
Debtor's financial consultant.

On June 27, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  Fafinski, Mark &
Johnson, P.A. represents the committee as bankruptcy counsel.


PROMOMANAGERS INC: Sale of Assets to G4 Holdings for $79K Approved
------------------------------------------------------------------
Judge Joan N. Feeney the U.S. Bankruptcy Court for the District of
Massachusetts authorized PromoManagers, Inc.'s private sale of its
rights, title, and interests in the assets it owned to G4 Holdings,
Inc., doing business as Geiger Group, for $79,000.

The Court conducted an open cry auction and the highest bid has
been submitted by G4 Holdings.

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

The Order constitutes a final order.  Notwithstanding any provision
in the Bankruptcy Rules to the contrary, the Court expressly finds
there is no reason for delay in the implementation of the Order
and, accordingly: (i) the terms of the Order will be immediately
effective and enforceable upon its entry; (ii) the Debtor is not
subject to any stay in the implementation, enforcement or
realization of the relief granted in the Order; and (iii) the
Debtor may, in its discretion and without further delay, take any
action and perform any act authorized under the Order.  The Order
will constitute a final order as that term is used in the Purchase
Agreement.

                    About PromoManagers Inc

PromoManagers provides promotional products from leading brands
such as Norwood, Leeds, Gemline, Bic, Port Authority, Sweda, Prime,
Columbia and Hit among others. The company has extensive experience
in the industry having shipped products around the world.

PromoManagers sought Chapter 11 protection (Bankr. D. Mass. Case
No. 17-10747) on March 6, 2016.  The Debtor is represented by Nina
M. Parker, Esq., at Parker & Associates.


RELIANT MEDICAL: Moody's Assigns Ba2 Issuer Rating; Outlook Stable
------------------------------------------------------------------
Moody's Investors Service assigns a Ba2 issuer rating to Reliant
Medical Group, Inc., MA. The Ba2 issuer rating is attributable to
Reliant's size and scale as a non-profit multi-specialty multisite
medical group practice, good coverage within its primary service
areas, and long track record of operating under capitation payment
arrangements. These strengths are offset by modest margins, a
planned large increase in debt to construct or remodel several new
facilities and the organization's limited liquidity including days
cash on hand that is projected to remain below 50 days for the next
couple of years.

Rating Outlook

The stable outlook reflects Moody's expectations that Reliant will
maintain positive but modest operating margins, modest debt service
coverage while slowly building liquidity.

Factors that Could Lead to an Upgrade

Significant growth in absolute cash flow and operating cash flow
margins

Demonstrated ability to hit margin targets over the next several
years

Growth in unrestricted liquidity and days cash on hand

Factors that Could Lead to a Downgrade

Inability to maintain consistently positive cash flow from
operations

Erosion of liquidity from current levels

Material acquisitions that are dilutive to profitability or
liquidity

Legal Security

The bridge financings are secured by revenue pledge and mortgage on
certain properties, if requested.

Use of Proceeds. Reliant will use proceeds from the offering to
construct and remodel clinical space.

Obligor Profile

Reliant is a non-profit multi-specialty group practice,
headquartered in Worcester, MA. It employs 335 physicians and 175
mid-level providers. The organization's reimbursement is
approximately 75% capitation and 25% fee for service.

Methodology

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


RENNOVA HEALTH: Nasdaq Rejects Plan to Regain Compliance
--------------------------------------------------------
The Nasdaq Capital Market notified Rennova Health, Inc., on Aug.
17, 2017, that its plan to regain compliance did not contain
evidence of its ability to achieve near term compliance with the
continued listing requirements or sustain such compliance over an
extended period of time.  

On April 18, 2017, Rennova Health was notified by Nasdaq that the
stockholders' equity balance reported on its Form 10-K for the year
ended Dec. 31, 2016, fell below the $2,500,000 minimum requirement
for continued listing under the Nasdaq Capital Market's Listing
Rule 5550(b)(1).  As of June 30, 2017, the Company reported a
stockholders' deficit of $17,561,514. In accordance with the Rule,
the Company submitted a plan to Nasdaq outlining how it intends to
regain compliance.  

The Company may appeal the Staff's decision to a Hearing Panel and
intends to do so.  The appeal will stay any further action pending
the Panel's decision.  If the appeal is successful, the Company may
be granted 180 days from Aug. 17, 2017, to regain compliance.  The
Company is considering its available options to regain compliance,
including the previously-announced spin offs of its Advanced
Molecular Services Group and its software division, Health
Technology Solutions, in a manner by which the Company believes all
of its investment to date can be recognized on the Company's
balance sheet.  Although there can be no guarantee of a successful
appeal or of regaining compliance, the Company expects that it will
regain compliance with the Rule.

                       About Rennova Health

Based in West Palm Beach, Florida, Rennova Health, Inc.
(NASDAQ:RNVA) -- http://www.rennovahealth.com/-- provides
diagnostics and supportive software solutions to healthcare
providers, delivering an efficient, effective patient experience
and superior clinical outcomes.

Rennova Health reported a net loss attributable to common
stockholders of $32.61 million on $5.24 million of net revenues for
the year ended Dec. 31, 2016, compared with a net loss attributable
to common stockholders of $37.58 million on $18.39 million of net
revenues for the year ended Dec. 31, 2015.  

As of June 30, 2017, Rennova Health had $5.68 million in total
assets, $23.20 million in total liabilities and a total
stockholders' deficit of $17.51 million.

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.


RO & SONS: S. Retzloff to Get $51 Per Month for 6 Yrs., with 3%
----------------------------------------------------------------
Ro & Sons, Inc., filed with the U.S. Bankruptcy Court for the
Southern District of Texas a disclosure statement dated Aug. 7,
2017, referring to the Debtor's plan of reorganization.

The General Unsecured Claim of Scott B. Retzloff & Associates -- in
the amount of $3,200 -- is impaired by the Plan.  The holder will
receive a monthly payment of $51 for six years, with 3% interest.
The holder is expected to recover 100% under the Plan.

To make this a feasible Plan and enable the Debtor to make the
payments required in its proposed Plan, the Debtor recently has
terminated all of its employees, save and except for Pablo
Rodriguez, and his mother Hortencia who will continue to work full
time for the San Dario property, and one part time janitorial
worker at the San Dario property.  The work previously done by paid
employees will now be done by family members who are contributing
their time to try to salvage equity from the family enterprise.
Family members will continue to contribute their time to the Debtor
post confirmation until the Debtor's remaining property can be sold
under the Plan and the Debtor is completely liquidated.

The Debtor's family members have also agreed to come out of pocket
to pay up to a total of an additional $3,000 per month should it be
necessary to make up any shortfall in operating income necessary to
make monthly plan payments.

While the San Dario motel continues to operate under these
conditions, the Debtor will diligently try to sell that property
for a sufficient amount to pay the balance of its indebtedness in
full, while at the same time paying all of its creditors the
payments provided under the Plan.

Payments and distributions under the Plan will be funded by the
cash flow from the Debtor's operation of the San Dario location.

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

          http://bankrupt.com/misc/txsb16-50241-37.pdf

As reported by the Troubled Company Reporter on Aug. 17, 2017, the
Debtor would pay in full the general unsecured claim of the IRS
under its latest plan to exit Chapter 11 protection.  The
restructuring plan proposed to pay the IRS 100% of its Class 7
unsecured claim, with 3% interest in 72 months.  The agency would
receive a monthly payment of $30, according to Ro & Sons' latest
disclosure statement filed on August 8 with the U.S. Bankruptcy
Court for the Southern District of Texas.

                       About Ro & Sons Inc.
        
Ro & Sons, Inc., dba Motel 9, owns two motel properties in Laredo,
Texas.

The Debtor filed a Chapter 11 petition (Bankr. S.D. Tex. Case No.
16-50241), on Dec. 6, 2016.  The petition was signed by Pablo E.
Rodriguez, president.  At the time of filing, the Debtor had total
assets of $4.04 million and total liabilities of $1.57 million.

The case is assigned to Judge Eduardo V. Rodriguez.

The Debtor is represented by Carl Michael Barto, Esq., at the Law
Offices of Carl M. Barto.

On July 6, 2017, the Debtor filed a disclosure statement and
Chapter 11 plan of reorganization.


ROKA BIOSCIENCE: Agrees to Sell Assets to EIH Subsidiary
--------------------------------------------------------
Roka Bioscience, Inc., a molecular diagnostics company focused on
providing advanced testing solutions for the detection of foodborne
pathogens, on Aug. 17, 2017, disclosed that it has entered into an
asset purchase agreement with Rokabio, Inc., a newly formed,
wholly-owned subsidiary of Institute for Environmental Health, Inc.
("IEH"), for the sale of substantially all of the assets of Roka
Bioscience in an all-cash transaction for an aggregate purchase
price of $17.5 million, subject to certain adjustments set forth in
the asset purchase agreement.  IEH's focus is to provide
comprehensive risk management services to the food industry.  In
addition, the IEH family of companies is involved in the production
and distribution of reagents, supplies, test kits and equipment to
food testing laboratories and food companies.  The IEH group
operates in the U.S., Canada, Mexico, Germany, Austria, England,
China and Australia.

The closing of the transactions contemplated by the asset purchase
agreement is subject to certain customary conditions, including the
receipt of consent of Roka Bioscience's lender and approval by the
stockholders of Roka Bioscience of the transactions contemplated by
the asset purchase agreement.  As part of the transaction, Roka
Bioscience will be required to make a $2.5 million milestone
payment pursuant to its license agreement.  The asset sale is the
initial step in a contemplated liquidation of Roka Bioscience.
Stockholder approval will also be required for the plan of
liquidation.

"The announcement of this asset sale follows an extensive review of
a range of strategic alternatives for Roka Bioscience, including
obtaining further financing to continue as an independent entity
and exploring the possibility of mergers and acquisitions," said
Mary Duseau, Chief Executive Officer of Roka Bioscience.  "This
transaction represents the conclusion of a thorough process.  We
believe that the asset sale and anticipated liquidation will
provide the greatest value to our stockholders."

Pursuant to the terms of the asset purchase agreement, Roka
Bioscience is required to provide transition services to the buyer
through no later than December 31, 2017, with the intention of
ensuring a successful transition of Roka Bioscience's business to
the buyer.  Assuming stockholder approval, liquidating
distributions, in an amount to be determined, are expected to begin
shortly after the completion of the transition services period.

Roka Bioscience cannot assure you that the conditions to the
closing of the transactions contemplated by the asset purchase
agreement will be satisfied, or that the transactions will be
completed.  In the event Roka Bioscience does not successfully
complete the transactions contemplated by the asset purchase
agreement or complete a transaction resulting from a superior
proposal (as described in the asset purchase agreement), Roka
Bioscience will have limited options for financing its ongoing
operations and will likely cease its operations or file for
bankruptcy protection.

                     About Roka Bioscience

Roka Bioscience, Inc. (NASDAQ: ROKA) -- https://www.rokabio.com/ --
is a molecular diagnostics company focused on developing and
commercializing advanced testing solutions for the food safety
testing market.  Its Atlas(R)Detection Assays incorporate its
advanced molecular technologies and are performed on its
"sample-in, result out" Atlas System that automates all aspects of
molecular diagnostic testing on a single, integrated platform.  The
Atlas System and Detection Assays are designed to provide its
customers with accurate and rapid test results with reduced labor
costs and improved laboratory efficiencies.


ROOT9B HOLDINGS: Chairman 'Disappointed' With Foreclosure Notice
----------------------------------------------------------------
root9B Holdings, Inc. (Nasdaq: RTNB) announced that, as a result of
its default on its secured indebtedness, it received a foreclosure
notice from Centriole Reinsurance Company, Ltd., as agent for
RTNB's secured creditors.  To satisfy RTNB's outstanding secured
indebtedness, the Agent intends to sell substantially all of RTNB's
assets at an auction to conclude on Aug. 31, 2017.  Although RTNB
continues to work with its secured creditors and other potential
investors to raise capital before the auction concludes on Aug. 31,
2017, there can be no assurances it will be successful in these
efforts.

Joseph J. Grano, Jr., RTNB's non-executive chairman of the Board
and former CEO, and Dan Wachtler, RTNB's president, each of whom is
a holder of RTNB's secured indebtedness, expressed their
disapproval of the Agent's actions.  "As individual investors in
the secured debt, we are disappointed with the foreclosure notice,
however the majority prevails in the ultimate decision," said Mr.
Grano.

"While the Company has been extremely appreciative of the support
we have had from our secured lenders, Mr. Grano and I disagree with
the actions being taken by the Agent and continue to pursue
alternatives to the auction process that we believe will be in the
best interest of our Company and its stockholders," said Mr.
Wachtler.

A copy of the foreclosure notice is available for free at:

                    https://is.gd/igOhOZ

                Delays Second Quarter Form 10-Q

The Company also disclosed that it will require additional time to
file its Form 10-Q for the period ended June 30, 2017.  RTNB
received a notification letter from The Nasdaq Stock Market on Aug.
16, 2017, that it is not in compliance with Nasdaq Listing Rule
5250(c)(1) because it did not timely file its Form 10-Q with the
Commission.  The Nasdaq letter provides that RTNB has until Oct.
16, 2017, to submit a plan to regain compliance.  The Company
received a separate letter from Nasdaq on Aug. 17, 2017, that it is
not in compliance with the independent director and audit committee
requirements set forth in Nasdaq Listing Rule 5605.  The Nasdaq
letter provides notes RTNB is given a grace period until the
earlier of RTNB's next annual meeting of stockholders or Aug. 7,
2018, to regain compliance with the rules.  The Company gives no
assurance that it will be able to regain compliance with Nasdaq's
rules.

The Company said the events described above are likely to continue
to put pressure on its stock price, and could render its securities
worthless if concluded.

                      About Root9B Holdings

root9B Holdings (OTCQB: RTNB) -- http://www.root9bholdings.com/--
is a provider of Cybersecurity and Regulatory Risk Mitigation
Services.  Through its wholly owned subsidiaries root9B and IPSA
International, the Company delivers results that improve
productivity, mitigate risk and maximize profits.  Its clients
range in size from Fortune 100 companies to mid-sized and
owner-managed businesses across a broad range of industries
including local, state and government agencies.

Root9B Technologies, Inc., changed its name to root9B Holdings,
Inc. effective Dec. 5, 2016, and relocated its corporate
headquarters from Charlotte, NC to the current headquarters of
root9B, its wholly owned cybersecurity subsidiary, in Colorado
Springs, CO.

Root9B reported a net loss of $30.48 million for the year ended
Dec. 31, 2016, following a net loss of $8.33 million for the year
ended Dec. 31, 2015.  As of March 31, 2017, Root9B Holdings had
$16.84 million in total assets, $15.80 million in total liabilities
and $1.03 million in total stockholders' equity.

Cherry Bekaert LLP, in Charlotte, North Carolina, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2016, noting that Company has suffered
recurring losses from operations and has negative operating cash
flows and will require additional financing to fund the continued
operations.  The availability of such financing cannot be assured.
These conditions raise substantial doubt about its ability to
continue as a going concern, the auditors said.


ROXANNE DURHAM: Sale of Brooklyn Property Conditionally Approved
----------------------------------------------------------------
Judge Elizabeth S. Stong of the U.S. Bankruptcy Court for the
Eastern District of New York conditionally authorized Roxanne
Durham's Residential Contract of Sale with Hamilton Leithauser and
Alma Stumpf in connection with the short sale of residential
property located at 176 Monroe Street, Brooklyn, New York for
$1,500,000.

The sale of the Real Property to the Purchaser is approved in
accordance with the Contract, and from the proceeds of sale, all
outstanding liens, encumbrances, and other customary closing
expenses will be paid and the Debtor will utilize the net proceeds
to effectuate a successful reorganization of her bankruptcy
estate.

The Debtor's Residential Contract of Sale with Hamilton Leithauser
& Anna Stumpf regarding the residential property is conditionally
granted on these conditions:

    a. the provision of the Motion with respect to the payment of
the broker's fee for the Durham Realty Group, Inc. is excluded;

    b. all unsecured non-priority creditors in the Debtor’s case
will be paid in full from the net closing proceeds: (i) First
National Bank of Omaha will be paid the full claim amount of
$2,953; (ii) Synchrony Bank will be paid in amounts the full claim
amounts of $1,350 and $161 and $129 respectively; (iii) Bank of
America, N.A. will be paid the full balance of $32,000; (iv) The
Home Depot will be paid the full balance of $700; and (v) Nation
Grid will be paid the full balance of $2,274;

    c. the claim of Internal Revenue Service, the claim of New York
State Department of Taxation & Finance including the non-priority
portion will be paid in full from the net closing proceeds;

    d. the claim of New York City Water Board Department of
Environmental Protection will be paid in full from the net closing
proceeds;

    e. the secured claim of Ocwen Loan Servicing LLC for the
primary mortgage for the property located at 176 Monroe Street,
Brooklyn, NY in the amount of $532,272 will be paid in full from
the net closing proceeds;

    f. the secured claim of BR Holding Fund, LLC will be paid as
per the terms of a written agreement with the creditor the full pay
off amount as per the agreement will be $700,000 with the condition
that the closing will take place no later than Aug. 30, 2017.

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

      http://bankrupt.com/misc/Roxanne_Durham_78_Order.pdf

Roxanne Durham sought Chapter 11 protection (Bankr. E.D.N.Y. Case
No. 15-44355) on Sept. 24, 2015.

Roxanne Durham's attorneys:

         ALLA KACHAN, Esq.
         LAW OFFICES OF ALLA KACHAN, P.C.
         3099 Coney Island Avenue, Third Floor
         Brooklyn, NY 11235
         Tel: (718) 513-3145

              - and -

         MARTIN WOLF, ESQ.
         225 Broadway, Suite 3105
         New York, NY 10007
         Tel: (212) 608-1660
         Fax: (212) 227-4228
         E-mail: mwolflaw@yahoo.com


RUPARI HOLDING: Roma's Request Annulling Automatic Stay Granted
---------------------------------------------------------------
Roma Dining, LLC, and Roma Corp, Inc. filed a motion for an order
(i) finding as a matter of law that a trademark license agreement
cannot be assumed and assigned, even if it had not been terminated
pre-petition, and (ii) in an abundance of caution, retroactively
modifying the automatic stay if the automatic stay could be held to
apply to the License Agreement.

The Ruprecht Company filed a joinder to the Roma Motion.

Debtors Rupari Holding Corp. and Rupari Food Services filed a
response objecting to the relief requested in Roma's Motion, which
was joined by the Official Committee of Unsecured Creditors.

Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District
of Delaware granted Roma's motion.

The Debtors and Roma dispute whether Roma properly and justifiably
terminated the License Agreement prior to the Debtors' bankruptcy
filing. However, Roma contends that the Court need not resolve this
factual dispute prior to deciding the legal issue of whether the
Debtors can assume and assign the License Agreement under
Bankruptcy Code section 365(c)(1) without Roma's consent. In other
words, Roma argues that, even assuming for purposes of this Motion
that the License Agreement was still effective on the date of the
bankruptcy filing, the Debtors cannot assign the License Agreement
without its consent and, therefore, Roma should be granted
retroactive relief from the automatic stay under Bankruptcy Code
section 362 to take control of the trademarks and relicense them to
another party chosen by Roma.

Upon review of the totality of the circumstances and weighing the
equities of the case, Judge Carey concludes that as of May 2, 2017,
it was clear to both parties that the License Agreement was not
being assigned as part of the sale of substantially all of the
Debtors' assets. At that point in time, the uncertainty and
prejudice to Roma arising from the continued application of the
automatic stay to the trademarks weigh in favor of annulling the
automatic stay as of that date.

Roma's Motion is, thus, granted because (i) Bankruptcy Code section
365(c)(1) and the Assignment Provision in the License Agreement bar
the Debtors from assigning the License Agreement, and (ii) the stay
of Bankruptcy Code section 362(a), to the extent it applies to
Roma, is annulled for cause, retroactive to May 2, 2017.

A full-text copy of Judge Carey's Opinion dated August 18, 2017, is
available at:

               http://bankrupt.com/misc/deb17-10793-422.pdf

                 About Rupari Holding Corp.

Established in 1978, Rupari -- http://www.rupari.com/-- is a
culinary supplier of sauced and unsauced ribs, barbeque pork, and
BBQ chicken.  Since 1978, Rupari Foods has been producing and
distributing the finest, restaurant-quality, pre-cooked, sauced,
bone-in proteins, and related barbeque products.  The Company
offers a full line of meats under the Rupari brand name, as well as
a variety of products under the retail names of Tony Roma's and
Butcher's Prime.  The Company's products are available at large and
mid-sized retailers throughout the United States and Canada.

Rupari Holding Corp. and its affiliate Rupari Food Services, Inc.
filed Chapter 11 petitions (Bankr. D. Del. Case Nos. 17-10793 and
17-10794, respectively) on April 10, 2017.  The petitions were
signed by signed by Jack Kelly, CEO.

At the time of filing, the Debtors each estimated $50 million to
$100 million in assets and $100 million to $500 million in
liabilities.

The cases are assigned to Judge Kevin J. Carey.

R. Craig Martin, Esq., Maris J. Kandestin, Esq., Richard A.
Chesley, Esq., and John K. Lyons, Esq., at DLA Piper LLP (US) are
serving as counsel to the Debtors.  Kinetic Advisors LLC is the
financial advisor.  Donlin, Recano & Co., Inc., is the claims and
noticing agent.

Andrew R. Vara, Acting U.S. Trustee for Region 3, on April 20,
2017, appointed three creditors to serve on the official committee
of unsecured creditors in the Chapter 11 case of Rupari Holding
Corp.

The Committee tapped Lowenstein Sandler LLP as lead bankruptcy
counsel, Whiteford Taylor & Preston LLC, as Delaware counsel, and
CohnReznick LLP and CohnReznick Capital Market Securities, LLC, as
its financial advisor and investment banker.


RXI PHARMACEUTICALS: Registers 7.3 Million Shares for Resale
------------------------------------------------------------
RXi Pharmaceuticals Corporation filed with the Securities and
Exchange Commission a Form S-1 registration statement covering the
sale of up to 7,300,000 shares of common stock, $0.0001 par value
per share, of the Company by Lincoln Park Capital Fund, LLC.

The shares of common stock being offered by the Selling Stockholder
have been or may be issued pursuant to the purchase agreement dated
Aug. 8, 2017, that the Company entered into with Lincoln Park.  The
prices at which Lincoln Park may sell the Shares will be determined
by the prevailing market price for the Shares or in negotiated
transactions.

The Company is not selling any securities under this prospectus and
will not receive any of the proceeds from the sale of the Shares by
the Selling Stockholder.  The Company will pay the expenses
incurred in registering the Shares, including legal and accounting
fees.

The Company's common stock is currently quoted on The NASDAQ
Capital Market under the symbol "RXII".  On Aug. 17, 2017, the last
reported sale price of the Company's common stock on The NASDAQ
Capital Market was $0.595 per share.

A full-text copy of the Form S-1/A is available for free at:

                     https://is.gd/1ZPVHC

                           About RXi

RXi Pharmaceuticals Corporation --  http://www.rxipharma.com/-- is
a biotechnology company focusing on discovering and developing
therapies primarily in the areas of dermatology and ophthalmology.
The Company develops therapies based on siRNA technology and
immunotherapy agents.  Its clinical development programs include
RXI-109, a self-delivering RNAi compound, which is in Phase IIa
clinical trial that is used to prevent or reduce dermal scarring
following surgery or trauma, as well as for the management of
hypertrophic scars and keloids; and Samcyprone, an immunomodulation
agent, which is in Phase IIa clinical trial for the treatment of
various disorders, such as alopecia areata, warts, and cutaneous
metastases of melanoma.  The Company's preclinical program includes
the development of products for ocular indications with RXI-109,
including retinal and corneal scarring.  Its discovery stage
development programs include a dermatology franchise for the
discovery of collagenase and tyrosinase targets for its RNAi
platform; and ophthalmology franchise, a program for the discovery
of sd-rxRNA compounds for oncology indications, including
retinoblastoma.  The company was incorporated in 2011 and is
headquartered in Marlborough, Mass.

RXi reported a net loss applicable to common stockholders of $11.06
million for the year ended Dec. 31, 2016, a net loss applicable to
common stockholders of $10.43 million for the year ended Dec. 31,
2015, and a net loss applicable to common stockholders of $12.93
million for the year ended Dec. 31, 2014.  

As of June 30, 2017, RXi Pharmaceuticals had $8.39 million in total
assets, $2.45 million in total liabilities, all current, and  $5.93
million in total stockholders' equity.


SABRE INDUSTRIES: Moody's Hikes CFR to Caa1; Outlook Stable
-----------------------------------------------------------
Moody's Investors Service upgraded the Corporate Family Rating
("CFR") and Probability of Default Ratings of Sabre Industries,
Inc., to Caa1 and Caa1-PD from Caa2 and Caa2-PD, respectively. The
CFR upgrade is based on the sustained improvement in Sabre's credit
metrics since late 2016 and expectation of continued improvement
through 2018. Concurrently, Moody's upgraded the company's
first-lien senior secured revolver and term loan by one notch to B3
from Caa1. The ratings outlook is stable.

The following rating actions were taken:

Ratings Upgraded:

Corporate Family Rating, to Caa1 from Caa2

Probability of Default Rating, to Caa1-PD from Caa2-PD

$65 million senior secured first-lien revolving credit facility due
2020, to B3 (LGD3) from Caa1 (LGD3)

$255 million (approximately $250 million outstanding) senior
secured first-lien term loan due 2022, to B3 (LGD3) from Caa1
(LGD3)

RATINGS RATIONALE

Sabre's ratings upgrade is driven by the meaningful sequential
improvement in operating performance from both a top line and
margin perspective since its quarter ended October 31, 2016 that is
expected to continue over the intermediate term. Credit metrics are
expected to be solidly positioned at the Caa1 CFR level with
debt/EBITDA (including Moody's standard adjustments) expected to
range from 5.5x to 6.0x over the next twelve to eighteen months
versus over 7.5x a year ago. Further improvement in credit metrics
is likely to emanate from continued moderate EBITDA growth.

Underlying the growth are the company's proactive efforts to obtain
new business in both its utility and telecom businesses, the
realization of benefits from restructuring actions and capitalizing
on volume growth being evidenced in its electric utility business
and pockets of growth within its telecom business. The company's
penetration of key alliances with electric utility companies, the
attainment of additional work in the telecom end-market and
capitalizing on its stronger utility segment backlog supports an
improvement in operating results into 2018. Moody's expects the
demand in the utility segment to grow moderately, and Sabre to
benefit from new projects it has been able to obtain despite the
very competitive environment.

The Caa1 CFR incorporates its high financial leverage of
approximately 6.5 times for the company's fiscal year ended April
30, 2017 (including Moody's standard lease adjustments) and limited
access to its revolving credit facility. The company is currently
constrained from full access to its revolver at the end of its
fiscal quarters due to financial covenants but reportedly does have
availability on an intra-quarter basis. Its main source of
alternate liquidity is balance sheet cash and a receivables
factoring program.

The company's adequate liquidity profile is based on Moody's
expectations that the company will maintain some limited access to
its $65 million cash flow revolver at quarter-ends when tested
against covenants. However, the company generates positive free
cash flow and utilizes receivables factoring. Sabre is not expected
to draw under its revolving credit facility given these liquidity
sources. Effective working capital management including managing
receivables and accounts payable terms as well as precise
operational execution are assumed in the ratings given the lack of
complete revolver availability. Of note, the improvement in
operating performance has led to moderately increased cash
generation, thereby moderately improving the company's liquidity
profile.

The stable outlook considers the expectation that improvement in
the company's Utility business and a healthy backlog underlying
this business will counterbalance softness in some of the company's
other end-markets. In addition, the outlook reflects the
expectation that earnings will improve and working capital will be
managed effectively in order to generate positive free cash flow.

A ratings downgrade would be considered if liquidity were to weaken
including a decline in free cash flow generation, a reversal of the
revenue improvement trend, as well as debt-to-EBITDA reaching and
consistently above 7.5x. A more aggressive financial policy would
also exert downward ratings pressure.

An upward rating action would be driven by access to a multi-year
revolving credit facility, debt-to-EBITDA improving to a level
sustained well below 6.0x, free cash flow-to-debt increasing to the
high single digit level as well as a sustained stabilization and
improvement in end-markets and maintenance of an adequate liquidity
profile.

The principal methodology used in these ratings was Global
Manufacturing Companies published in June 2017.

Sabre Industries, Inc. (Sabre), headquartered in Alvarado, TX,
manufactures towers, poles, shelters and related transmission
structures used in the wireless communications and electric
transmission and distribution industries. The company was acquired
by an affiliate of Kohlberg & Company and several co-investors in a
leveraged transaction in August 2012.


SEANERGY MARITIME: Will Hold an Annual Meeting on Sept. 27
----------------------------------------------------------
Seanergy Maritime Holdings Corp. notified its shareholders that an
annual meeting will be held at the Company's executive offices at
16 Grigoriou Lambraki Street, 2nd Floor, 16674 Glyfada, Athens,
Greece, on Sept. 27, 2017, at 6:00 p.m. local time.  At the
Meeting, holders of shares of the Company's common stock will
consider and vote upon the following proposals:

   1. To elect one Class B Director to serve until the 2020 Annual
      Meeting of Shareholders;

   2. To approve the appointment of Ernst & Young (Hellas)
      Certified Auditors - Accountants S.A. to serve as the
      Company's independent auditors for the fiscal year ending
      Dec. 31, 2017;

   3. To approve a reverse stock split of the Company's issued and
      outstanding common stock by a ratio of not less than one-
      for-two and not more than one-for-fifteen with the exact
      ratio to be set at a whole number within this range to be
      determined by the Company's board of directors in its
      discretion and to approve the related amendment to the
      Company's Amended and Restated Articles of Incorporation;
      and

   4. To transact other such business as may properly come before
      the Meeting or any adjournment thereof.

Adoption of Proposal One requires the affirmative vote of a
plurality of the votes cast at the Meeting.  Adoption of Proposal
Two requires the affirmative vote of a majority of the votes cast
at the Meeting by the holders of shares of the Company's common
stock entitled to vote thereon.  Adoption of Proposal Three
requires the affirmative vote of the holders of a majority of all
outstanding shares of the Company's common stock eligible to attend
and vote at the Meeting.

             About Seanergy Maritime Holdings Corp.

Seanergy Maritime Holdings Corp. --
http://www.seanergymaritime.com/-- is an international shipping
company that provides marine dry bulk transportation services
through the ownership and operation of dry bulk vessels.  The
Company currently owns a modern fleet of eleven dry bulk carriers,
consisting of nine Capesizes and two Supramaxes, with a combined
cargo-carrying capacity of approximately 1,682,582 dwt and an
average fleet age of about 8.2 years.  The Company is incorporated
in the Marshall Islands with executive offices in Athens, Greece
and an office in Hong Kong.  The Company's common shares and class
A warrants trade on the Nasdaq Capital Market under the symbols
"SHIP" and "SHIPW", respectively.

Seanergy incurred a net loss of US$24.62 million in 2016 following
a net loss of US$8.95 million in 2015.  For the three months ended
March 31, 2017, Seanergy reported a net loss of US$6.28 million.
As of March 31, 2017, Seanergy had US$250.42 million in total
assets, US$223.71 million in total liabilities and US$26.70 million
in stockholders' equity.


SENIOR CARE GROUP: U.S. Trustee Forms 5-Member Committee
--------------------------------------------------------
Guy Gebhardt, acting U.S. trustee for Region 21, on August 18
appointed five creditors to serve on the official committee of
unsecured creditors in the Chapter 11 cases of Senior Care Group,
Inc., and its affiliates.

The committee members are:

     (1) LQC Partners, LLC
         c/o Michele Torzilli
         2001 Route 46, Suite 310
         Parsippany, NJ 07054
         Phone: (212) 920-7794
         Email: mtorzilli@lqcpartners.com

     (2) Centennial Bank
         c/o Cy Norman, First Vice-President
         Special Assets Department
         2415 Aloma Ave.
         Winter Park, FL 32792
         Phone: (407) 371-6818
         Email: cnorman@my100bank.com

     (3) Medicaid Done Right, LLC
         c/o Larry Rayburn
         13825 Icot Blvd., Suite 611
         Clearwater, FL 33762
         Phone: (727) 330-2779
         Email: lrayburn@medicaiddoneright.com

     (4) Healthcare Services Group, Inc.
         c/o Patrick J. Orr
         3220 Tillman Ave., Suite 300
         Bensalem, PA 19020
         Phone: (215) 688-4359
         Email: porr@hcsgcorp.com

     (5) TwinMed, LLC
         c/o Steve Rechnitz
         11333 Greenstone Ave.
         Santa Fe Springs, CA 90670
         Phone: (213) 718-7570
         Email: steve@twinmed.com

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

                About Senior Care Group Inc.

Senior Care Group, Inc. is a non-profit corporation which, through
its wholly-owned subsidiaries, provides residents and patients with
nursing and long-term health care services.

Senior Care Group and its six affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Lead Case No.
17-06562) on July 27, 2017.  David R. Vaughan, chairman of the
Board, signed the petitions.  Scott A. Stichter, Esq., at Stichter
Riedel Blain & Postler, P.A., serves as the Debtors' Chapter 11
counsel.

At the time of the filing, Senior Care Group disclosed that it had
estimated assets and liabilities of $1 million to $10 million.


SPECTRUM TOOL: J. Hartman Liable for Failing to Remit Payroll Taxes
-------------------------------------------------------------------
Plaintiff United States of America filed a motion to hold Defendant
John R. Hartman personally liable for his company's failure to
remit payroll taxes.  Following discovery, the Government moved for
summary judgment.  After briefing on the motion was complete, Judge
Mark A. Goldsmith of the U.S. District Court for the Eastern
District of Michigan held a hearing on May 4, 2017.

Upon review of the case, Judge Goldsmith granted the Government's
motion.

Hartman was 50% co-owner and Chief Executive Officer of Spectrum
Tool & Design, Inc., while the company operated from April 2001 to
October 2005.  Dan Ott was 50% co-owner and Chief Operating Officer
from April 2001 until Hartman laid him off in August 2005.  Both
Hartman and Ott had authority to handle money for Spectrum, open
and close bank accounts in its name, and sign checks.

In January 2005, Spectrum filed for Chapter 11 bankruptcy
protection. On Oct. 24, 2005, Harman filed, on behalf of Spectrum,
a notice of conversion from Chapter 11 to Chapter 7. Following an
investigation, the Government assessed the trust fund liabilities
at issue in this case.

Citing the case of Kinnie, Judge Goldsmith finds that Hartman is
responsible for paying the taxes. Every single basis for finding
Kinnie to be a "responsible person" is present here. Hartman
possessed the same title, ownership interest, check-writing
authority, and ability to force his co-owner out of the business as
Kinnie did. And, just as Kinnie was able to commission an
inspection of the books to see if his partner was misappropriating
funds, Hartman initiated meetings with the IRS upon discovering
that the accounting balances didn't add up. In fact, Hartman had
more responsibility and involvement than the taxpayer in Kinnie,
assuming the duties of handling payroll and payments to non-IRS
creditors. And, finally, Hartman presents the same defenses that
were rejected in Kinnie: that it was Ott's job to handle the taxes,
and Hartman was unaware of the deficiencies until after the fact.
Accordingly, Kinnie controls. Hartman is a "responsible person"
under the statute.

The Court also finds that Hartman acted willfully. By disregarding
repeated red flags that Ott was not paying the payroll taxes --
several of which occurred prior to the tax periods at issue here --
Hartman acted recklessly and, therefore, willfully under the
statute. Hartman's only arguments to the contrary, such as that he
did not discover Ott's inability to timely remit the payroll taxes
until a later date, are contradicted by the record evidence,
including Hartman's own deposition.

For these reasons, the Court's July 26, 2017, opinion and order is
vacated, and the Government's motion for summary judgment is
granted. The parties shall submit a proposed judgment, approved as
to form, on or before August 18, 2017. If there is a dispute
regarding the form of the judgment, the Government should file a
motion for entry of a judgment by that date.

The case is UNITED STATES OF AMERICA, Plaintiff, v. JON R. HARTMAN,
Defendant, Case No. 16-11002 (E.D. Mich.).

A full-text copy of Judge Goldsmith's Amended Opinion and Order
dated August 16, 2017, is available at https://is.gd/znVi97 from
Leagle.com.

United States of America, Plaintiff, represented by Carl L. Moore
-- Carl.L.Moore@usdoj.gov. -- U.S. Department of Justice.

Jon R Hartman, Defendant, represented by Thomas A. Klug --
tomklug@klugtaxlawfirm.com -- Klug Law Firm.


STEPHEN MOFFITT: Moffitt Buying Johnson Properties for $257K
------------------------------------------------------------
Stephen Todd Moffitt asks the U.S. Bankruptcy Court for the Eastern
District of Tennessee to authorize the sale of (i) a .3431 acre
tract and the improvements thereon with the address of 207 Broyles
Drive, Johnson City, Tennessee; and (ii) an approximately 1.84
acres of real property and the improvements thereon located at 1711
E. Oakland Avenue, Johnson City, Tennessee, to Moffitt Properties
for 257,000.

A hearing on the Motion is set for Aug. 29, 2017 at 9:00 a.m.
Objections, if any, must be filed no later than Aug. 28, 2017.

The Debtor owns and maintains residential rental properties located
in Washington County, Tennessee.  Moffitt Properties, a Tennessee
general partnership was formed in approximately 2000.  The general
partners were the Debtor and his father, Willard Moffitt.  Both
parties had equal ownership in the partnership.  The business of
the partnership was to own and lease residential and commercial
real property.

On approximately May 30, 2002, Moffitt Properties purchased the
Broyles Drive Property.  Moffitt Properties financed the purchase
of the Broyles Drive Property with a loan from Elizabethton Federal
Savings Bank in the original principal amount of $192,500.  The
loan was secured by a deed of trust encumbering the Broyles Drive
Propeny.  The deed of trust benefiting Elizabethton Federal is of
record in Roll 275, Image 2364, Register's Office for Washington
County, Tennessee.  The $192,500 loan has a balance of $176,579 as
of Aug. 16, 2017.

On Feb. 10, 2000, Moffitt Properties acquired the Oakland Avenue
Property.  Willard Moffitt died on or about April 18, 2006.  The
Debtor believes that, pursuant to Willard Moffitt's Will, his
partnership interest passed to Arlene Moffitt, his surviving
spouse.  As a result, a new partnership was created with the name
of Moffitt Properties, comprised of Steve Moffitt and Arlene
Moffitt.

The Debtor avers, however, that no written partnership agreement
has been located.  Thus, the partnership created by Steve Moffitt
and Willard Moffitt may not have survived the death of Willard
Moffitt, even though the intent of the parties was for the
partnership to survive.  Under T.C.A. Section 61-1-601(7)(A),
Willard Moffitt was disassociated from Moffitt Properties as a
result of his death.  Moffitt Properties, however, did not
dissolve, but continued to operate as a general partnership
comprised of the Debtor and Arlene Moffitt.  The Debtor and Arlene
Moffitt intended that the partnership continue after the date of
Willard Moffitt's death.

The Debtor and Arlene Moffitt, however, did not enter into a
written partnership agreement, nor were deeds executed conveying
the property owned by the old partnership comprised of the Debtor
and Willard Moffitt to the new partnership comprised of the Debtor
and Arlene Moffitt.

By Real Estate Deed of Trust dated June 16, 2008, Moffitt
Properties, a Tennessee general partnership comprised of the Debtor
and Arlene P. Moffitt, together with Moffitt Construction, Inc.,
the Debtor and Arlene P. Moffitt, conveyed the Oakland Avenue
Property, among others, to Kenneth Clark Hood, Trustee, to secure
an indebtedness to Capital Bank in the original principal amount of
$1,353,055.  The Capital Bank Deed of Trust is of record in Roll
607, Page 227, Register's Office for Washington County, Tennessee.

The Debtor defaulted on the Capital Bank Loan and, subsequent to
his bankruptcy filing, Capital Bank was granted relief from the
automatic stay to exercise its remedies under state law.  On March
20, 2017, Capital Bank, through its duly assigned Substitute
Trustee, sold seven of the remaining eight properties that secured
the Capital Bank Deed of Trust.  The property that was not sold at
foreclosure by Capital Bank was the Oakland Avenue Property which
continues to be owned by Moffitt Properties.

Capital Bank has filed an amended proof of claim seeking a
deficiency of $92,471 which continues to be secured by the Oakland
Avenue Property.  The Debtor has objected to Capital Bank's amended
claim for various reasons and the amended claim and the Debtor's
objections thereto remain pending.  The Debtor and Capital Bank
have reached an informal settlement of their remaining disputes,
the material terms of which are as follows: (i) the payment by the
Debtor to Capital Bank of the sum of $75,000; (ii) Capital Bank's
release of the Oakland Avenue Property from Capital Bank's Deed of
Trust; (iii) Capital Bank's release of certain absolute assignment
of leases, rents, profits and contracts dated Sept. 27, 2013 and
May 2, 2014; and (iv) a mutual release between the parties.

Moffitt Properties has secured a loan from Jack H. Trivette and
wife, Rose K. Trivette, in the amount of $257,000.  The Trivette
Loan is to be secured by a first lien security interest in the
Broyles Drive Property and the Oakland Avenue Property.  One of the
conditions to the Trivette Loan is that Moffitt Properties provide
a mortgagee title insurance policy insuring the Trivettes in the
amount of $257,000 that contains no exceptions to title
unacceptable to the Trivettes.

Fidelity National Title Insurance Co. has issued a title insurance
commitment on the Broyles Drive Property and the Oakland Avenue
Property.  Fidelity, however, is of the opinion that, due to the
death of Willard Moffitt and in the absence of a written
partnership agreement between the Debtor and Willard Moffitt, the
partnership dissolved upon the death of Willard Moffitt and the
Broyles Drive Property and the Oakland Avenue Property is owned by
the Debtor and Arlene Moffitt as tenants-in-common as opposed to
tenants-in-partnership.

Fidelity is further of the opinion that these liens have attached
to the Debtor's interest in the Broyles Drive Property and the
Oakland Avenue Property as tenant-in-common:

    a. Foreign Judgment against Stephen T. Moffitt in favor of ERA
Franchise Systems in the amount of $32,269.

    b. Default Judgment against Stephen T. Moffitt in favor of
Steve C. Glover in the amount of $1 17,713.

    c. Notice of Federal Tax Lien in the amount of $59,898 against
Stephen Moffitt and Joy E. Moffitt.

    d. Notice of Federal Tax Lien in the amount of $9,104 against
Stephen Moffitt and Joy E. Moffitt.

    e. Notice of Federal Tax Lien in the amount of $5,922 against
Stephen Moffitt and Joy Moffitt.

    f. Notice of Federal Tax Lien in the amount of $999 against
Stephen Moffitt and Joy E. Moffitt.

The Debtor asks to convey the Broyles Drive Property and the
Oakland Avenue Property from him and Arlene Moffitt as
tenants-in-common to Moffitt Properties, a Tennessee general
partnership comprised of him and Arlene Moffitt, in consideration
of the sum of 257,000, the amount of the Trivette Loan.  He further
asks to make these conveyances free and clear of the liens and
encumbrances represented by the Elizabethton Federal Deed of Trust,
the Capital Bank Deed of Trust and those liens set forth, with such
liens to attach to the proceeds of the sale.

The proceeds of the Trivette Loan will be contributed by Moffitt
Properties to the Debtor and utilized as follows: (i) Elizabethton
Federal: $180,000 (estimated payoff); and (ii) Capital Bank:
$75,000 with and excess proceeds of $2,000.  The Debtor asks to
utilize the excess proceeds to pay administrative expenses of the
bankruptcy estate in the form of attorney's fees to the Debtor's
counsel.

Capital Bank has consented to the proposed sale of the Debtor's
interest in the Oakland Avenue Property to Moffitt Properties as
contemplated.

The Debtor further asks that any stay of any order authorizing the
proposed sale of the properties as required by Fed. R. Bankr. P.
6004(h) be waived.

Stephen Todd Moffitt sought Chapter 11 protection (Bankr. E.D.
Tenn. Case No. 16-50305) on April 28, 2016.


SYNIVERSE HOLDINGS: Moody's Alters Ratings Outlook to Stable
------------------------------------------------------------
Moody's Investors Service has affirmed Syniverse Holdings, Inc.'s
Caa1 corporate family rating (CFR) and changed the outlook to
stable from negative. The outlook change is based on steady
improvement in operating fundamentals demonstrated by Syniverse's
EBITDA growth in the first and second quarters of 2017 compared
with the same periods the previous year. This EBITDA growth is
driven by cost reductions further aided by the slowing pace of
revenue declines. Moody's has also affirmed Syniverse's Caa1-PD
probability of default rating, B3 (LGD3) senior secured debt
rating, and Caa3 (LGD6) unsecured debt rating.

Syniverse's annual revenues and EBITDA declined in 2015 and 2016 as
the company's core business, CDMA and GSM clearing and settling,
faced strong secular pressures that negatively impacted volume and
pricing. In response Syniverse pursued aggressive network and
personnel cost cutting efforts. The company's multi-year efforts to
reduce costs and stabilize its business are currently succeeding,
with first quarter 2017 being the first quarter in 10 quarters in
which EBITDA grew compared to the prior year.

In addition to cost cutting, Syniverse is also experiencing revenue
growth in its Enterprise & Intelligence Services (EIS) business,
driven mainly by increased adoption of the company's
application-to-person (A2P) and mobile engagement products.
Further, Syniverse faces diminished headwinds as technology shifts
to LTE begin favorably aligning with Syniverse's Mobile Transaction
Services (MTS) segment, which should begin to fully offset CDMA and
GSM clearing and settling revenue declines. While Moody's still
expects MTS revenue to contract in 2017, LTE roaming usage is at a
critical ramping stage for supporting potentially more than just a
revenue offset to legacy declines.

Moody's believes that the continued and significant slowing of
Syniverse's revenue declines will begin to lead to increasing
positive momentum in the second half of 2017, fueling continued
EBITDA growth on the company's now lower cost structure. This
operating stabilization will aid Syniverse's expected efforts to
address its capital structure difficulties, in particular its over
$1.6 billion of debt maturities in 2019 which necessitate a
comprehensive refinancing solution. Without material progress in
refinancing 2019 debt maturities by mid-2018, Syniverse would face
negative ratings pressure.

Affirmations:

Issuer: Syniverse Foreign Holdings Corporation

-- Senior Unsecured Regular Bond/Debenture, Affirmed Caa3 (LGD 6)

Issuer: Syniverse Holdings, Inc.

-- Probability of Default Rating, Affirmed Caa1-PD

-- Corporate Family Rating, Affirmed Caa1

-- Senior Secured Bank Credit Facility, Affirmed B3 (LGD 3)

-- Senior Unsecured Regular Bond/Debenture, Affirmed Caa3 (LGD 6)

Outlook Actions:

Issuer: Syniverse Foreign Holdings Corporation

-- Outlook, Changed To Stable From Negative

Issuer: Syniverse Holdings, Inc.

-- Outlook, Changed To Stable From Negative

RATINGS RATIONALE

Syniverse's Caa1 corporate family rating reflects its very high
leverage, declining revenue despite acquisitions in recent years,
contract renewal risk, execution risk as technology standards
transition, and low free cash flow generation relative to a sizable
debt load. Moody's believes the company faces foreign currency
headwinds, rising competitive threats, and a still difficult, but
now more probable, refinancing path that likely excludes the need
to pursue a debt restructuring in advance of substantial 2019 debt
maturities.

Balancing these risk factors are the scale of Syniverse's
established business serving a large and growing addressable market
of cellular carriers and enterprises globally, and the company's
consistently positive free cash flows, which provide good liquidity
during this transitional period but for very high debt leverage
(Moody's adjusted) of almost 8.0x.

The company's stable outlook reflects the expectation that the
erosion of Syniverse's top line has stalled and that recent
positive EBITDA trends will continue. Moody's expects Syniverse
will continue to grow EBITDA and free cash flow, which will
partially mitigate significant refinancing risks.

Moody's could consider a ratings upgrade if the company is able to
reduce leverage below 6x (Moody's adjusted). The ratings could be
downgraded if liquidity deteriorates, if revenue declines
accelerate, or if cash is used for anything but debt/leverage
reduction. Ratings could also be downgraded in the absence of
material progress in refinancing 2019 debt maturities by mid-2018.

The principal methodology used in this rating was Business and
Consumer Service Industry published in October 2016.

Headquartered in Tampa, Florida, Syniverse Holdings, Inc. is a
leading provider of interoperability and network services for
wireless telecommunication carriers. The company had revenues of
$770 million in the last 12 months ended June 30, 2017.


SYU SING: Voluntary Chapter 11 Case Summary
-------------------------------------------
Debtor: Syu Sing Investment LLC
        331 Girard St.
        San Francisco, CA 94134-1417

Type of Business: The Debtor listed its business as a single asset

                  real estate (as defined in 11 U.S.C. Section
                  101(51B)).  Its principal assets are located at
                  2201 Lafayette St Santa Clara, CA 95050-2934.

Chapter 11 Petition Date: August 21, 2017

Case No.: 17-51995

Court: United States Bankruptcy Court
       Northern District of California (San Jose)

Judge: Hon. Stephen L. Johnson

Debtor's Counsel: Lars T. Fuller, Esq.
                  THE FULLER LAW, FIRM
                  60 N Keeble Ave.
                  San Jose, CA 95126
                  Tel: (408) 295-5595
                  E-mail: fullerlawfirmecf@aol.com
                          lars.fullerlaw@gmail.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Yim Ho Leung, member.

The Debtor did not file a list of 20 largest unsecured creditors on
the Petition Date.

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

            http://bankrupt.com/misc/canb17-51995.pdf



T.C. RENFROW: Taps Richard A. Roome as Accountant
-------------------------------------------------
T.C. Renfrow Land L.P. seeks approval from the U.S. Bankruptcy
Court for the Southern District of Texas to hire an accountant.

The Debtor proposes to employ Richard A. Roome, P.C. to prepare its
2016 income tax returns, and pay the firm a flat fee of $1,200.

Richard Roome disclosed in a court filing that his firm is a
"disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Richard A. Roome
     Richard A. Roome, PC
     2 Parwood Ct
     Spring, TX 77382-1810

                    About T.C. Renfrow L.P.

T.C. Renfrow Land L.P. holds the deed of trust on a land with house
located at 7633 Miller Road, #2, Houston, Texas, valued at $7.5
million.  It separately holds the deed of trust on a land with
house located at 4035 SCR Road Rocksprings, Texas, with a current
value of $595,000.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D. Tex. Case No. 17-33540) on June 5, 2017.  Timothy
C. Renfrow, manager of ACR GP, LLC, signed the petition.  At the
time of the filing, the Debtor disclosed $8.13 million in assets
and $3.9 million in liabilities.

The case is assigned to Judge Marvin Isgur.  The Debtor hired The
Gerger Law Firm PLLC as its legal counsel and Valbridge Property
Advisors as its valuation expert.


TELEXFREE LLC: Ch.11 Trustee Taps Blue to Green Realty as Broker
----------------------------------------------------------------
The Chapter 11 trustee for TelexFree, LLC seeks approval from the
U.S. Bankruptcy Court for the District of Massachusetts to hire a
real estate broker.

Stephen Darr, the bankruptcy trustee, proposes to employ Blue to
Green Realty in connection with the sale of its real property
located at 5600 N. Flagler, 307, West Palm Beach, Florida.  The
listing price for the property is $169,900.

Blue to Green will get a commission of 6% of the purchase price of
the property, a $289 transaction fee, and a commission of 3% of any
increase in the purchase price as a result of the bankruptcy
counteroffer process.

Kim Fatta, a real estate broker employed with Blue to Green,
disclosed in a court filing that the firm is a "disinterested
person" as defined in section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Kim Fatta
     Blue to Green Realty
     500 Australian Avenue, Suite 600
     West Palm Beach, FL 33407
     Tel: 561-707-3773

                       About TelexFREE

TelexFREE -- http://www.TelexFREE.com/-- is a telecommunications
business that uses multi-level marketing to assist in the
distribution of voice over internet protocol telephone services.
TelexFREE's retail VoIP product, 99TelexFREE, allows for unlimited
international calling to seventy countries for a flat monthly rate
of $49.90.  TelexFREE had over 700,000 associates or promoters
worldwide.

TelexFREE though was facing accusations of operating a $1
billion-plus pyramid scheme.

TelexFREE LLC and two affiliates sought bankruptcy protection
(Bankr. D. Nev. Lead Case No. 14-12525) on April 13, 2014.

Alvarez & Marsal North America, LLC is serving as restructuring
advisor and Greenberg Traurig, LLP and Gordon Silver are serving as
legal advisors to TelexFREE.  Kurtzman Carson Consultants LLC
serves as claims and noticing agent.

TelexFREE, LLC, estimated $50 million to $100 million in assets and
$100 million to $500 million in liabilities.

In May 2014, the Nevada bankruptcy court approved the motion by the
U.S. Securities & Exchange Commission to transfer the venue of the
Debtors' cases to the U.S. Bankruptcy Court for the District of
Massachusetts (Bankr. D. Mass. Case Nos. 14-40987, 14-40988 and
14-40989).

On June 6, 2014, Stephen Darr was appointed as Chapter 11 trustee.


TEXAS RHH: Voluntary Chapter 11 Case Summary
--------------------------------------------
Debtor: Texas RHH, LLC
        2553 Castle Circle
        Fort Worth, TX 76108

Type of Business:     Texas RHH is in the home health care
                      services business.  Texas RHH is affiliated
                      with Misty Brady, who sought bankruptcy
                      protection on March 20, 2017 (Bankr. N.D.
                      Tex. Case No. 17-41120) and PB Chaney, LLC,
                      which filed for bankruptcy protection on
                      July 3, 2017 (Bankr. N.D. Tex. Case No. 17-
                      42793).

Chapter 11 Petition Date: August 21, 2017

Case No.: 17-43385

Court: United States Bankruptcy Court
       Northern District of Texas (Ft. Worth)

Judge: Hon. Mark X. Mullin

Debtor's Counsel: Gregory Wayne Mitchell, Esq.
                  THE MITCHELL LAW FIRM, L.P.
                  12720 Hillcrest Road, Suite 625
                  Dallas, TX 75230
                  Tel: 972-463-8417
                  Fax: 972-432-7540
                  E-mail: greg@mitchellps.com
                          greg.mitchell@mitchellps.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Misty Brady, member.

The Debtor did not file a list of its 20 largest unsecured
creditors on the Petition Date.

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

           http://bankrupt.com/misc/txnb17-43385.pdf


THOMAS NICOL: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: Thomas Nicol Company, Inc.
        1101 Shore Dr
        Brielle, NJ 08730-1127

Type of Business: Thomas Nicol Company is a New Jersey corporation

                  presently headed by Tucker Nicol, president.  
                  Thomas Nicol's principal assets are located at
                  1101 Shore Dr Brielle, New Jersey.

Chapter 11 Petition Date: August 21, 2017

Case No.: 17-26908

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

Judge: Hon. Christine M. Gravelle

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

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Tucker B. Nicol, president.

The Debtor did not file a list of 20 largest unsecured creditors on
the Petition Date.

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

           http://bankrupt.com/misc/njb17-26908.pdf


TOSHIBA CORP: Treading on Thin Ice, Leiko Tells Clients
-------------------------------------------------------
Toshiba have been put in the spot light after much controversy as
the company narrowly avoided delisting from the Tokyo Stock
Exchange (TYO) for delaying its financial results, noted Leiko
Tokyo Securities.

With the company's financial future still uncertain and a lack of
capital at hand, the company has not advanced in talks with the
sale of its 'chips unit business' for the financial resources it so
desperately needs to stay afloat.

Leiko Tokyo Securities reported to its clients that the 140 year
old company is treading on thin ice in regards to coming closer to
a delisting.  The Tokyo Stock Exchange triggers a company to drop
of its exchange once a company has recorded a negative net worth
and its liabilities over grow its assets for more than two years in
a row.

Toshiba have been battling to win approval over its shareholders as
it lost trust over the last few years.  Having inflated its profits
within the last few years and a dispute between PwC that
highlighted that some of its losses that were booked in the
business year of 2017 should have been recorded in its previous
year, Toshiba disagreed.

"Toshiba's long-term prospectives are fading, the company needs to
find an injection of capital to sustain the heavy losses," said
Koyasu Oda who heads up the research depatment at Leiko Tokyo
Securities.

Its flash memory department recorded significant growth accounting
for over 90% of its sales at 96 billion yen compared to the
previous year at only 16 billion yen, showing the big leap.

With Toshiba looking to sell its semiconductor division, many
companies have been mentioned yet nothing has come off it.

                About Leiko Tokyo Securities (LTS)

Founded in 2007, Leiko Tokyo Securities is a leading wealth
management firm based in Tokyo, Japan.  Today Leiko Tokyo
Securities manage over 12.4 billion in assets under management.

                         About Toshiba

Toshiba Corporation (TYO:6502) -- http://www.toshiba.co.jp/-- is a
Japan-based manufacturer involved in five business segments.  The
Digital Products segment offers cellular phones, hard disc devices,
optical disc devices, liquid crystal televisions, camera systems,
digital versatile disc (DVD) players and recorders, personal
computers (PCs) and business phones, among others.  The Electronic
Device segment provides general logic integrated circuits (ICs),
optical semiconductors, power devices, large-scale integrated (LSI)
circuits for image information systems and liquid crystal displays
(LCDs), among others.  The Social Infrastructure segment offers
various generators, power distribution systems, water and sewer
systems, transportation systems and station automation systems,
among others.  The Home Appliance segment offers refrigerators,
drying machines, washing machines, cooking utensils, cleaners and
lighting equipment.  The Others segment leases and sells real
estate.

As reported in the Troubled Company Reporter-Asia Pacific on June
19, 2017, S&P Global Ratings said it has kept its 'CCC-' long-term
and 'C' short-term ratings on Japan-based capital goods and
diversified electronics company Toshiba Corp. on CreditWatch with
negative implications.  The long- and short-term ratings on Toshiba
have remained on CreditWatch with negative implications since
December 2016, when S&P also lowered the long-term ratings because
of a likelihood that the company might recognize massive losses in
its U.S. nuclear power business.  S&P kept them on CreditWatch
negative when it lowered the long- and short-term ratings in
January 2017 and when S&P lowered the long-term ratings in March
2017.

The ratings remain on CreditWatch, reflecting S&P's view that
creditor banks' support for Toshiba together with the company's
liquidity levels warrant continued close monitoring because its
plan to sell its memory business has yet to materialize and
additional losses or financial burdens might still arise in
connection with its U.S. nuclear power business.  S&P continues to
hold the view that without unanticipated, significantly favorable
changes in Toshiba's circumstances, the company might become unable
to fulfill its financial obligations in a timely manner or might
undertake a debt restructuring S&P classifies as distressed in the
next six months.


TRACY CLEMENT: Pichelmans Buying Lake City Property for $675K
-------------------------------------------------------------
Judge Michael E. Ridgway of the U.S. Bankruptcy Court for the
District of Minnesota will convene a hearing on Aug. 24, 2017, at
2:00 p.m., to consider the sale by Tracy Clement, and the Estate
Professional, Nauni Jo Mantys, of town home located at 410 Central
Point Road, Lake City, Minnesota, legally described as Tract C,
Registered Land Survey No. 4, Goodhue County, Minnesota, Property,
Identification No. 54.210.0030, and the range, dishwasher,
microwave, refrigerator, washer and dryer, to Frank and Peggy
Pichelman for $675,000, subject to overbid.

Objections, if any, must be filed and served not later than two
hours prior to the hearing.

The Movants propose to sell the Lake City Property "as is, where
is" without any representations or warranties free; and clear of
liens and encumbrances on an expedited basis.  The Purchasers
wishes to take possession of the town home as soon as possible in
order to enjoy the summer season on Lake Pepin.  The offer of the
Purchasers is the highest and best offer the Movants have received
for the Lake City Property.  As such, the Movants believe the sale
price is fair and reasonable.

The Purchasers will make the payment to the Movants (or the
operating trustee if one is appointed) as soon as the closing has
been scheduled or within five days from court approval, whichever
is sooner.  The sale of the property will be effective upon receipt
of good monies by the Movants.  They believe that there will be no
taxable gain to the estate.

From the proceeds of the sale, the Movants will pay the liens on
the property.  Lake City Federal Bank has a mortgage on the
property of $382,364, plus daily interest accrual of $42.48. There
are unpaid association dues of approximately $4,808, unpaid real
estate taxes of approximately $3,393, and unpaid utilities.  The
real estate taxes, the utilities and the association dues will be
prorated between the Movants and the Purchasers.  The Movants
intend to pay these costs at closing.  In addition, the Debtor will
receive his exemption entitlement of $270 for the appliances.  The
5% real estate commission of approximately $33,500 will also be
paid at closing.  After the payment of liens and other expenses,
the estate may realize approximately $250,665 from the sale.

In the event of competing bids, the Movants reserve the right to
accept the highest and best offer made to them prior to the hearing
and to seek authority, at the hearing, to sell the Lake City
Property to the highest and best offer.  Competing offers must be
in increments of $1,000.  In order for offers to be considered,
bidders/purchasers must submit a preapproval bank letter that
evidences the financial ability to close.  Payments will be made in
certified funds or wire transfer within five days of court approval
of the sale.  The Movants, in their discretion, may modify the
terms of the bidding procedures.

The Official Committee of Unsecured Creditors has consented to the
sale.

The Movants also ask that the 14-day stay as provided by Fed. R.
Bankr. P. 6004(h) be waived due to the fact that the Purchasers
wish to purchase the Lake City Property immediately.

Counsel for the Debtor:

          James C. Brand , Esq.
          FREDRIKSON & BYRON, P.A.
          200 South Sixth Street, Suite 4000
          Minneapolis, MN 55402-1425
          Telephone: (612) 492-7000
          E-mail: jbrand@fredlaw.com

Counsel for Estate Professional:

          Nauni Manty , Esq.
          MANTY & ASSOCIATES, P.A.
          401 Second Avenue North, Suite 400
          Minneapolis, MN 55401
          Telephone: (612) 465-0990
          E-mail: Nauni@mantylaw.com

Tracy Clement sought Chapter 11 protection (Bankr. D. Minn. Case
No. 16-31189) on April 11, 2016.


TRANSOCEAN INC: Fitch Affirms B+ Long-Term IDR; Outlook Negative
----------------------------------------------------------------
Fitch Ratings has affirmed Transocean Inc.'s (Transocean; NYSE:
RIG) Long-term Issuer Default Rating (IDR) at 'B+'. In addition,
Fitch expects to rate Transocean's proposed senior unsecured
convertible note 'B/RR5'. The Rating Outlook is Negative.

The Negative Outlook reflects the current weak market environment
and execution risk associated with securing tenders that
constructively contribute to Transocean's backlog and cash flows.
Fitch believes that the company's current cash position, potential
for additional cash associated with the monetizing of the two to be
delivered Shell newbuild rigs, and solid credit facility
renegotiation prospects provide sufficient medium-term financial
flexibility. Fitch intends to calibrate the ratings as the terms of
the credit facility are finalized and post-2018 cash flow
visibility become clearer.

Approximately $7 billion of debt, excluding the outstanding
Eksportfinans loans and Transocean Conqueror Limited secured notes,
is affected by rating actions.

KEY RATING DRIVERS

Transaction Supports Strategic, Financial Initiatives: Transocean
recently announced the acquisition of Songa Offshore, which owns
seven harsh environment, ultra-deepwater floaters (three stacked),
for a total enterprise value of approximately $3.4 billion. The
four working rigs are under long-term contracts with Statoil
favorably providing approximately $4.1 billion of backlog. Fitch
believes the transaction supports the company's strategic and
financial initiatives by high-grading assets with a core offshore
customer in an operationally attractive region, while improving the
forecasted leverage profile.

Weak Offshore Rig Market: Fitch continues to believe the offshore
driller recovery will be protracted with an estimated recovery
inflection point of second-half 2018. Further, Fitch anticipates
the floater market rebalance will be more orderly than the jackup
market. The shorter-cycle, lower break-even cost of shallow water
projects suggests the jackup market will realize an earlier uptick
in demand, which is beginning to materialize. However, the more
diversified operator and customer base, as well as relatively low
rig carrying costs, indicate tendering will be more competitive
making material day rate increases elusive without a strong demand
recovery or considerable scrapping activity.

The longer-cycle, higher gross development cost of deepwater
projects are anticipated to result in a demand lag. However, Fitch
believes the more concentrated floater customer base will result in
a demand-driven floater recovery with preference toward larger,
established drillers. Another consideration is the relatively high
rig carry cost, which will financially force some market
participants to retire uncompetitive floaters. Day rates are
anticipated to remain challenged and range-bound reflecting the
market imbalance and economics required to reactivate stacked
rigs.

Consolidation is likely necessary for rig supply to better align
with the lower expected mid-cycle rig demand. However, drillers
seem reluctant to take meaningful steps toward consolidation given
the uncertain timing of an offshore recovery, wide bid-ask spreads,
a general need to use dilutive equity currency, and liquidity and
balance sheet risks. Fitch has observed some consolidation activity
but believes that the proposed acquisition funding and backlog of
Songa Offshore mitigates some of these consolidation
considerations.

Positive FCF; Widening Metrics: Fitch's base case projects that
Transocean, on a pro forma basis for the Songa Offshore
transaction, will be approximately $325 million and $550 million
FCF positive in 2017 and 2018, respectively. Fitch's base case
prior to the Songa Offshore transaction results in consolidated
debt/EBITDA, excluding cash-collateralized Eksportfinans loans, of
6.5x and 7.4x in 2017 and 2018, respectively. These pre-transaction
consolidated metrics improve considerably on a net debt basis to
4.5x and 5.2x in 2017 and 2018, respectively. Fitch's base case, on
a pro forma basis for the Songa Offshore transaction, results in
debt/EBITDA, excluding cash-collateralized Eksportfinans loans, of
6.7x and 5.5x on a gross and net debt basis, respectively, in 2018.
Fitch recognizes that the secured notes, as well as any potential
future secured note issuances, structurally subordinate contracted
cash flows to service corporate debt and believes that adjusted
corporate leverage metrics, excluding rig secured debt and
associated cash flows, could rise above the consolidated metrics.

Security Supports Notes Ratings: Fitch's corporate recovery uses an
$875 million sustainable, post-default EBITDA reflecting the
potential for additional rig fleet rationalization and a prolonged
period of challenged and range-bound day rates. Fitch assumed a
relatively conservative 5x EBITDA multiple that considers recent
market transactions and historical distressed asset sales. The
estimated going concern value was discounted by 15% for
administrative and priority claims given the large, global nature
of the company's asset base. The distributable value was allocated
to the guaranteed unsecured and unsecured debt, plus any assumed
corporate unsecured recovery claims associated with the secured
debt, based on relative security, The secured debt recovery uses a
$60 million sustainable, post-default EBITDA reflecting contract
performance and renegotiation risks during a weak offshore rig
market environment and a 5x multiple

The senior unsecured guaranteed notes ('BB/RR2') have structural
seniority given the guarantee by Transocean Ltd. and Transocean
Inc. subsidiaries that indirectly own substantially all of the
group assets. The Transocean Phoenix 2 and Transocean Proteus
secured debt ratings ('BB-/RR3') consider the structural seniority
of the notes given the lien on the Deepwater Thalassa and Proteus
and certain other assets related to the rigs, as well as guarantees
by Transocean Ltd., Transocean Inc., and a wholly-owned indirect
subsidiary that owns the each respective UDW rig, operating under a
10-year Shell ('AA-'/Negative Outlook) contract. Fitch views the
guarantee as an additional (secondary) payment support that is
essentially a payment put to the extent the contracted cash flows
are insufficient to repay the secured notes. The supportive
contract features, strong operating history, and favorable contract
performance history between Transocean and Shell provide a level of
confidence in the UDW rigs' ability to independently meet its
annual debt service. However, contract performance and
renegotiation, as well as refinance, risks remain.

DERIVATION SUMMARY

Transocean's ratings are supported by its market position as the
largest global offshore driller with a strong backlog ($10.2
billion as of July 25, 2017; Pro forma $14.3 billion) and
exclusively floater-focused rig fleet (Pro forma 51 total rigs with
22 stacked) largely contracted with financially stronger
international oil companies. The size and length of the company's
backlog contrasts sharply with peers that generally have smaller
backlogs exhibiting considerable declines in the 2018-2019
timeframe. This favourable backlog profile provides substantial
financial flexibility during a deep cyclical downturn. Transocean
has also proactively high-graded and focused its fleet via
rationalization (33 floaters removed from the marketed fleet as of
August 3, 2017), divestiture (sold jackup fleet), and M&A (pending
Songa Offshore acquisition; 4 contracted 'Cat-D' and 3 stacked
harsh environment, semisubmersible rigs) activities.

While several peers have also taken steps to competitively position
their fleets, Transocean has generally taken a more robust view of
their fleet that seems to support their strategic, operational, and
financial goals. Nevertheless, Transocean, generally consistent
with its offshore rig peers, has a considerable debt burden and
continued need to generate and conserve liquidity given the weak
offshore rig market outlook, unfavorable capital market conditions,
heightened maturities profile, and newbuild capex commitments.
Fitch recognizes, however, that the company is among the only
offshore drillers that is managing its long-term capital structure
through-the-cycle, as well as increasing its exposure to
contractually-linked amortizing debt.

KEY ASSUMPTIONS

Fitch's key assumptions within its ratings case for the issuer
include:

-- Brent oil price that trends up from $52.50/barrel in 2017 to a

    longer-term price of $65/barrel;

-- Pro forma contracted backlog is forecast to remain intact with

    no material renegotiations;

-- Market day rates assumed to be at or near cash breakeven
    levels;

-- Fleet composition considers announced rig retirements and
    attempts to adjust for uncompetitive rigs due to their
    technological obsolescence, undifferentiated market position,
    or cost-prohibitive through-the-cycle economics;

-- Capital expenditures of approximately $500 million, $165
    million, and $190 million in 2017, 2018, and 2019,
    respectively, plus Songa Offshore spending generally
    consistent with recent levels over the next couple years;

-- Repayment of debt at the scheduled maturity dates considering
    recent open market and tendering activities;

-- Songa Offshore acquisition completed by YE 2017 assuming the
    announced transaction funding, including approximately $660
    million convertible bond, $540 million Transocean equity, and
    $480 million cash;

-- No additional Shell UDW secured debt issuances.

RATING SENSITIVITIES

Future Developments That May, Individually or Collectively, Lead to
Positive Rating Action
For an Upgrade to 'BB-':

-- Demonstrated commitment by management to lower gross debt
    levels;

-- Mid-cycle debt/EBITDA of below 5.0x on a sustained basis;

-- Further progress in implementing the company's asset strategy
    to focus on the high-specification and UDW markets.

To Resolve the Negative Outlook at 'B+':

-- Demonstrated ability to secure tenders that constructively
    contribute to the backlog and cash flows signalling the
    company's ability to manage the industry's re-contracting risk

    and bridge its financial profile through-the-cycle;
-- Continued progress towards generating and preserving
    liquidity;
-- Mid-cycle debt/EBITDA of 5.0x-5.5x on a sustained basis.

Future Developments That May, Individually or Collectively, Lead to
Negative Rating Action

-- Failure to manage FCF, repay near-term maturities, and retain
    adequate liquidity over the next few years;
-- Additional issuance of secured debt that structurally
    subordinates contracted newbuild cash flows resulting in
    materially lower corporate cash flows;
-- Material, sustained declines in rig utilization and day rates
    signaling a heightened level of re-contracting and recovery
    risk;
-- Mid-cycle debt/EBITDA around 6.0x on a sustained basis.

LIQUIDITY

Adequate Liquidity Profile: Transocean has cash and cash
equivalents of approximately $2.5 billion as of June 30, 2017 and
restricted cash balance of $537 million of which some is held as
cash collateral for the Eksportfinans Loans and for security of
certain other credit arrangements. Pro forma cash and equivalents,
including cash consideration for the Songa Offshore transaction, is
approximately $2 billion as of June 30, 2017. The company has the
potential for additional cash associated with the monetization of
the two to be delivered Shell newbuild rigs (recent Shell secured
debt transactions resulted in approximately $600 million and $625
million per rig).

Supplemental liquidity is provided by the company's $3 billion
senior unsecured revolving credit facility due June 2019. The
company had $3 billion in available borrowing capacity on this
facility as of June 30, 2017. Fitch believes Transocean has solid
credit facility renegotiation prospects given its manageable
maturity profile and secured debt capacity (Fitch-calculated
secured debt capacity of around $950 million; Pro forma estimate of
about $1.2 billion).

Proactive Maturity Management: Transocean has annual senior
unsecured notes maturities equal to approximately $152 million,
$401 million, $292 million, and $332 million in 2017, 2018, 2020,
and 2021, respectively. These represent the company's 2.5% senior
notes due October 2017, 6% senior notes due March 2018, 7.375%
senior notes due April 2018, 6.5% senior notes due November 2020,
and 6.375% senior notes due December 2021. This excludes rig-level
secured debt principal amortization that effectively has
contract-linked payments.

Management has been proactively tendering and repurchasing debt in
the open market over the past couple of years in an effort to
incrementally improve the near-term liquidity and maturity profiles
by reducing interest payments and, in some instances, capture a par
discount. Fitch continues to forecast that the company can retire
the scheduled near-term maturities with cash-on-hand and FCF.

Headroom Under Current Covenants: Transocean, as provided in its
bank credit agreement, is currently subject to a maximum
debt-to-tangible capitalization ratio of 0.6x (0.34x as of June 30,
2017), excluding intangible asset impairments and certain other
items. Other customary covenants consist of lien limitations and
transaction restrictions. Additionally, the Shell UDW secured notes
contain covenants that limit the ability of the borrowing
subsidiaries to declare or pay dividends and impose a maximum
collateral rig leverage ratio of 5.75x (less than 5x as of June 30,
2017).

Manageable Other Liabilities: Transocean maintains several defined
benefit pension plans, both funded and unfunded, in the U.S. and
abroad. As of Dec. 31, 2016, the company's funded status was
negative $351 million. Fitch considers the level of pension
obligations to be manageable, on a mid-cycle basis, and the U.S.
benefits freeze helps to alleviate any future pension-related
credit risks.

Other contingent obligations primarily comprise newbuild purchase
commitments and service agreement obligations totaling
approximately $1.5 billion on a multi-year, undiscounted basis as
of Dec. 31, 2016, adjusting for the transfer of jackup obligations.
The vast majority of the post-2017 newbuild purchase obligations
are associated with the current 2020 delivery of the uncontracted
UDW rigs, which the industry has demonstrated an ability to defer.

FULL LIST OF RATING ACTIONS

Transocean Ltd.
-- Long-Term IDR assigned 'B+'.

Transocean Inc.
-- Long-term IDR affirmed at 'B+';
-- Senior unsecured guaranteed notes affirmed at 'BB/RR2';
-- Senior unsecured notes/debentures affirmed at 'B/RR5';
-- Senior unsecured bank facility affirmed at 'B/RR5';
-- Senior unsecured convertible bond assigned expected rating of
    'B(EXP)/RR5'.

Global Santa Fe Inc.
-- Long-Term IDR affirmed at 'B+';
-- Senior unsecured notes affirmed at 'B/RR5'.

Transocean Phoenix 2 Limited
-- Long-Term IDR affirmed at 'B+';
-- Senior secured notes affirmed 'BB-/RR3'.

Transocean Proteus Limited
-- Long-Term IDR affirmed at 'B+';
-- Senior secured notes affirmed at 'BB-/RR3'.

The Rating Outlook is Negative.


TRINITY 83: Unsecureds to Recover 100% in 3 Years
-------------------------------------------------
Trinity 83 Development, LLC, filed with the U.S. Bankruptcy Court
for the Northern District of Illinois a second amended disclosure
statement dated Aug. 9, 2017, referring to the Debtor's second
amended plan of reorganization dated Aug. 8, 2017.

Allowed Class II Claims include the non-Insider General Unsecured
Claims.  Trinity 83 estimates there to be approximately $50,000.00
in non-insider General Unsecured Claims.  The holders of Class II
Claims will be paid 100% of their claim over a period of three
years.  

As reported by the Troubled Company Reporter on Nov. 1, 2016, the
Debtor filed with the Court a disclosure statement referring to the
Debtor's plan of reorganization dated Oct. 25, 2016, which proposed
that Class II Claims be paid 100% of their allowed amounts in
quarterly payments over a period of 5 years from the effective date
of the Plan.  

Under the Second Amended Plan, payments to Class II creditors will
commence within 30 days of the effective date of the plan and will
be made quarterly thereafter.  Class II is impaired and a creditor
with a Class II claim is entitled to vote on Debtor's Plan.  To
date, the only Class II claimant which has filed a claim in these
proceedings is Commonwealth Edison in the amount of $5.49.  A
claims bar date of July 18, 2017, has been set by the Bankruptcy
Court.

The reorganized Trinity 83 will continue to receive rental income
from the current and future tenants at 19100 S. Crescent, Mokena,
Illinois.  Trinity 83 believes that the current tenants will
continue to occupy the property for years to come.  As shown,
Trinity 83 will receive income for years 2016 through 2021 in
amounts sufficient to pay all claims.  Further, with the strength
of the current tenants and Trinity 83's long track record of
occupancy, Trinity 83 will find no difficulty in obtaining new
mortgage financing to satisfy the payments due at the end of year
seven.

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

         http://bankrupt.com/misc/ilnb16-24652-164.pdf

                About Trinity 83 Development LLC

Trinity 83, Development, LLC, was formed in 2005.  It is a Limited
Liability Company formed under the laws of the State of Illinois.
Its members are, and always have been, Donald J. Santacaterina,
Thomas Connelly and George Yukich.  In 2006 Trinity 83 constructed
a Class A, 12,500 square foot, masonry retail/office building at
19100 S. Crescent Dr, Mokena Illinois.   The building was
constructed as a "build to suit" for two tenants, namely Kids Can
Do, Inc, and Hair and Beauty Salon Suites of Mokena, Inc.  Both
tenants have occupied the building since 2006/07 and continue to do
so.  At least some of the ownership of the tenants are related to
some of the members of Trinity 83.

Trinity 83 filed a Chapter 11 petition (Bankr. N.S. Ill. Case No.
16-24652) on Aug. 1, 2016.  The petition was signed by Donald L.
Santacarina, member. The Debtor is represented by Gina B. Krol,
Esq., at Cohen & Krol. The case is assigned to Judge Deborah L.
Thorne.  The Debtor disclosed total assets at $2.41 million and
total debts at $2.13 million at the time of the filing.

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


UNIQUE MOTORSPORTS: Taps Lynn A. Gross as Accountant
----------------------------------------------------
Unique Motorsports Inc. seeks approval from the U.S. Bankruptcy
Court for the Eastern District of Texas to hire an accountant.

The Debtor proposes to employ Lynn A. Gross, CPA, LLC to provide
bookkeeping and accounting services, which include analyzing its
financial position and assisting in the preparation of projections
in support of a plan of reorganization.

The firm estimates the initial fee will be less than $1,500.  The
Debtor will pay the firm within 30 days of receipt of the monthly
invoices without the need for a fee application so long as the
monthly amount does not exceed $1,500 for the preparation of the
projections.

Ms. Gross disclosed in a court filing that the firm is a
"disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Lynn A. Gross
     Lynn A. Gross, CPA, LLC
     4879 Geren Trail
     McKinney, TX 75071

                     About Unique Motorsports

Unique Motorsports, Inc., is a Powerstroke diesel performance and
repair facility located in Lewisville, Texas.  It also provides a
wide range of other vehicle services, including window tinting,
audio video installation, and routine maintenance.  Unique
Motorsports is also a licensed car dealership with a small
inventory of trucks and cars.

Unique Motorsports filed a Chapter 11 petition (Bankr. E.D. Tex.
Case No. 17-40218) on Feb. 3, 2017.  The Debtor is represented by
Robert T. DeMarco, Esq., and Michael S. Mitchell, Esq., at DeMarco
Mitchell, PLLC.

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


USAE LLC: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------
Debtor: USAE, LLC
           fka US Aerospace, LLC
           fka U.S. Aerospace, LLC
           fka U.S. Aerospace, Inc.
           fka New Century Companies, Inc.
        913 N. Market St., Ste 200
        Wilmington, DE 19801

Type of Business: USAE, LLC, produces aircraft assemblies,
                  structural components and highly engineered,
                  precision machined details for the U.S.
                  Government, U.S. Airforce and companies such as
                  Lockheed Martin and Boeing.

Chapter 11 Petition Date: August 21, 2017

Case No.: 17-11778

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

Judge: Hon. Kevin J. Carey

Debtor's Counsel: Michael G. Busenkell, Esq.
                  GELLERT SCALI BUSENKELL & BROWN, LLC
                  1201 North Orange Street, 3rd Floor
                  Wilmington, DE 19801
                  Tel: 302.425.5812
                  Fax: 302.425.5814
                  E-mail: mbusenkell@gsbblaw.com

Total Assets: $25.25 million

Total Debt: $19.56 million

The petition was signed by Robert Craig, manager.  A full-text copy
of the petition is available for free at:

             http://bankrupt.com/misc/deb17-11778.pdf

Debtor's List of 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Bracewell LLP                                          $3,200,333
1251 Avenue of the Americas
New York, NY 10020

Complete Discovery Source                                $113,254

Fred Quinones                                             $80,000

Hal Kolker                                               $182,000

Incite Law Group, Inc.                                   $844,760
7033 W. Sunset Blvd, Ste 205
Los Angeles, CA
90028-7525

Internal Revenue Service                                  $86,233

James Worsham                                            $200,000

John C. Kirkland, Esq.                                  2,925,000
PO Box 6467
US Virgin Islands
St. Thomas, VI 00804

Kinsella Weitzman Iser                                   $264,712
Kump & Aldisert
808 Wilshire Blvd., 3rd Floor
Santa Monica, CA 90401

KMJ Corbin & Company                                      $73,000

Michael Cabral                                           $500,000
17098 Red Cedar Ct
Fontana, CA 92337

Murphy Rosen LLP                                         $113,000

Neil Kleinman                                            $140,000

Randall Jones                                             $60,000

Rose Snyder & Jacobs, LLP                                 $60,000

The Menzies Company                                       $62,000

Towle Denison &                                           $84,154
Maniscalco LLP

Vladimir Koyfman                                         $500,000
Proizd Akademika

Waldecott Master Fund LLC                                $150,000

Wolf Haldenstein Adler                                 $1,300,000
Freeman & Herz LLP
270 Madison Avenue
New York, NY 10016


VANGUARD HEALTHCARE: Whitehall OpCo Selling All Assets for $26M
---------------------------------------------------------------
Vanguard Healthcare, LLC, and its affiliated debtors ask the U.S.
Bankruptcy Court for the Middle District of Tennessee to authorize
them to assume the Asset Purchase Agreement, dated as of Aug. 17,
2017, by and among Whitehall OpCo, LLC and Del Prado Boco Realty,
LLC, or its assigns, in connection with the sale of substantially
all assets of Whitehall for $26,000,000, subject to overbid.

A hearing on the Motion is set for Sept. 12, 2017 at 8:30 a.m.  The
objection deadline is Sept. 8, 2017.

Whitehall previously sought to sell substantially all of its
assets, and the Court approved procedures for such sale.  However,
the Debtor did not receive a qualified bid and ultimately withdrew
its motion to approve the sale.  On Aug. 4, 2017, the Debtor,
together with its affiliated Debtors, submitted the Second Amended
Plan of Reorganization.  The Closing of the Sale is a condition to
the effective date of the Plan.

Whitehall's business is to own and operate a nursing home known as
Whitehall of Boca Raton, located at 7300 Del Prado Circle South,
Boca Raton, Florida.  The Facility has 154 beds and approximately
223 employees.  Vanguard, the parent entity of Whitehall, marketed
Whitehall for sale through the services of New Century Capital
Partners.  Ultimately, the Buyer made an offer and the parties
negotiated a sale of substantially all of Whitehall's assets used
in the Business.  The parties memorialized their agreement by
executing the Agreement.  The Sale, as embodied in the Agreement,
contemplates that substantially all of Whitehall's assets will be
sold and transferred to the Buyer.

The purchase price for the Assets is $26,000,000.  The Debtors
propose to use the cash proceeds of the Sale, less any closing
costs, to partially satisfy the Healthcare Financial Solutions, LLC
(assignee of General Electric Capital Corp.) ("HFS") Pre-Petition
Liens.  The Agreement provides that the Buyer will deposit
$1,000,000 in cash with Debtor's counsel (which amount has been
deposited) and that the Buyer will have until Sept. 11, 2017 to
complete due diligence.  The Parties will close the sale of the
Assets no later than Nov. 19, 2017.

A condition to the Agreement is that the Agreement must be approved
by the Court, and if approval is not granted by the Court due to
another offer to purchase the Assets in lieu of the Buyer's offer,
the Buyer will receive a Break-up Fee in the amount of $250,000, to
be paid at closing of the Alternative Transaction.  Accordingly,
the Motion includes a request to authorize a Break-up Fee payable
to the Buyer in the amount of $250,000.  The deadline for such
Alternative Transactions will be Sept. 8, 2017.

If a Qualified Bid is submitted, the Debtor will notify the Buyer,
counsel for the Committee and HFS, and the party submitting the
Qualified Bid on or before noon on Sept. 9, 2017, and will hold an
auction at the offices of the Debtor's counsel (Bradley, 1600
Division St., Suite 700, Nashville, Tennessee 10:00 a.m. on Sept.
11, 2017.  Following the auction, the Debtor, in consultation with
the Committee, will designate its determination of the highest and
best offer and notify the parties as soon as possible following the
auction on Sept. 11, 2017.  Any objection to this decision must be
filed on or before the hearing on Sept. 12, 2017.

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

    http://bankrupt.com/misc/Vanguard_Healthcare_1873_Sales.PDF

HFS has agreed to consent to the sale of the Assets free and clear
of any liens in consideration of receipt of $21,000,000 to be
applied to the HFS Loan Obligations at Closing.

The Agreement also provides that the Debtor will assign the Desired
Contracts to the Buyer that are designated in the Agreement.
Furthermore, the Buyer has specifically designated the "Pharmacy
Contract" and "Copier Contract" for assumption and assignment under
the Agreement.  Pursuant to Section 3.8 of the Agreement, the Buyer
will have the right to remove any Desired Contracts no later than
40 days before the closing date on Nov. 10, 2017.

By agreement dated Feb. 24, 2017 by and between the Debtor and New
Century Capital Partners ("NCCP"), NCCP was engaged to act as a
financial adviser, which included services in completing the sale
of the Debtor's assets.  The Court approved the Debtor's retention
of NCCP as its financial advisor pursuant to an order dated March
8, 2017.  Among other things, the NCCP Order provides that the
Debtor will pay NCCP a Transaction Fee in cash, by wire transfer,
equal to 2% of the gross purchase price for any sale transaction.
NCCP has assisted in the procurement of the Sale of the Assets and
thus is entitled to the payment of the 2% Transaction Fee as
provided in the Engagement Letter and the NCCP Order.  If the Sale
closes, NCCP will be paid $520,000 from the sale proceeds at
closing.

The Debtors marketed the Assets and the Buyer made the highest or
otherwise best offer for the Assets by letter of intent received
after several weeks of negotiation.  The Debtors have concluded
that the Sale is the best means of preserving value, continuing the
Business at the Facility as a going concern, and reducing the HFS
Loan Obligations for the benefit of all creditors of the Debtors.


Accordingly, the Debtors ask the Court to approve the relief
sought.

The Purchaser:

          DEL PRADO BOCA REALTY, LLC
          c/o Rosenbaum & Associates, P.C.
          Attn: Tara Rosenbaum
          4 Canaan Circle
          South Salem, NY 10590

The Purchaser is represented by:

          BAKER & HOSTETER LLP
          Attn: Elizabeth A. Green
          200 S. Orange Avenue, Suite 2300
          Orlando, FL 32801

Whitehall can be reached at:

          WHITEHALL OPCO, LLC
          6 Cadillac Drive, Suite 310
          Brentwood, TN 37027
          Attn: President

Counsel for Whitehall:

          Michael D. Brent, Esq.
          BRADLEY ARANT BOULT CUMMINGS LLPP
          1600 Division Street, Suite 700
          Nashville, TN 37203

                   About Vanguard Healthcare

Vanguard Healthcare, LLC, is a long-term care provider
headquartered in Brentwood, Tennessee, providing rehabilitation and
skilled nursing services at 14 facilities in four states (Florida,
Mississippi, Tennessee and West Virginia).

Vanguard Healthcare and 17 of its subsidiaries each filed a Chapter
11 bankruptcy petition (Bankr. M.D. Tenn. Lead Case No. 16-03296)
on May 6, 2016.  The petitions were signed by William D. Orand, the
CEO.  Vanguard estimated assets in the range of $100 million to
$500 million and liabilities of up to $100 million.  

The cases are assigned to Judge Randal S. Mashburn.

The Debtors hired Bradley Arant Boult Cummings LLP as bankruptcy
counsel; BMC Group as noticing agent; and Stewart & Barnett, Ltd.,
and Maggart & Associates, P.C., as accountants.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors.  Bass, Berry & Sims PLC serves as bankruptcy
counsel to the committee.  CohnReznick LLP is the committee's
financial advisor.

The U.S. Trustee also appointed Laura E. Brown as patient care
ombudsman for Vanguard Healthcare.


VENOCO LLC: Court Approves Ernst & Young as Tax Provider
--------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware approves the
application of Venoco, LLC, et al., to employ Ernst & Young LLP as
tax services provider, nunc pro tunc to the April 17, 2017 petition
date.

The Debtors require Ernst & Young to:

   (a) prepare the U.S. federal income tax return, Form 1120, for
       Venoco, LLC and its affiliates to the Tax Compliance SOW,
       for the period July 23, 2016 to December 31, 2016. Ernst &
       Young will also prepare the state and local income and
       franchise tax returns for California and Colorado;

   (b) prepare the U.S. federal income tax return, Form 1120, for
       Denver Parent Corporation and its affiliates to the Tax
       Compliance SOW, for the period January 1, 2016 to January
       31, 2016. Ernst & Young will also prepare the state and
       local income and franchise tax returns for California and
       Colorado; and

   (c) prepare the U.S. federal income tax return, Form 1120, for
       Denver Parent Corporation and its affiliates to the Tax
       Compliance SOW, for the period January 1, 2017 to January
       31, 2017. Ernst & Young will also prepare the state and
       local income and franchise tax returns for California and
       Colorado.

Ernst & Young also will provide these services:

    -- estimated tax payment computations;

    -- extension requests;

    -- preparation of amended tax returns and carryback
       claims; and

    -- federal tax depreciation calculations as well as
       gain/loss on disposals of fixed assets; and v. State
       tax depreciation calculations.

The Debtors will pay Ernst & Young a fee in advance of provision of
the services of $55,000, which fee has already been paid.

Ernst & Young will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Ted S. Hansen, an executive director of Ernst & Young, 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.

Ernst & Young can be reached at:

       Ted Hansen
       ERNST & YOUNG LLP
       Suite 3300 370 7th Street
       Denver, CO 80202
       Tel: (720) 931-4000
       Fax: (720) 931-4444

                         About Venoco

Venoco LLC and six of its subsidiaries filed voluntary petitions
with the U.S. Bankruptcy Court for the District of Delaware (Bankr.
D. Del. Lead Case No. 17-10828) on April 17, 2017.  The cases have
been assigned to Judge Kevin Gross.

Venoco held interests in approximately 57,859 net acres, of which
approximately 40,945 are developed.  The majority of the Debtors'
revenues are derived through sales of oil to competing buyers,
including large oil refining companies and independent marketers.
Nearly all of the Debtors' annual revenues are generated from sales
to one purchaser, Tesoro.  The Debtors' revenues from oil and gas
sales were approximately $33.6 million on a rolling 12 month
basis.

As of the bankruptcy filing, the Debtors listed assets in the range
of $10 million to $50 million and liabilities of up to $100
million.  As of the Petition Date, the Debtors have approximately
$25 million in cash, all of which is unrestricted.  The Debtors
anticipate that they will need all or substantially all of this
cash to fund ongoing operational expenses, fund these cases and a
sale process, and wind down their affairs.

The Debtors tapped Bracewell LLP as legal counsel, orris, Nichols,
Arsht & Tunnell LLP as co-counsel, Seaport Global Securities LLC as
investment banker, and Prime Clerk LLC as claims, noticing and
balloting agent.  Zolfo Cooper Management, LLC, and its senior
director Bret Fernandes will lead the Debtors' restructuring
efforts.

The Office of the U.S. Trustee on May 5, 2017, disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 cases.


WALTER INVESTMENT: Falls Short of NYSE's Market Capitalization Rule
-------------------------------------------------------------------
Walter Investment Management Corp. announced that on Aug. 11, 2017,
it received written notification from the New York Stock Exchange
that the Company was considered to be non-compliant with the
continued listing standards set forth under Rule 802.01B of the
NYSE Listed Company Manual because the average market
capitalization of the Company's common stock was less than $50
million over a consecutive 30 trading-day period, while its last
reported stockholders' equity was less than $50 million.

As a result of the Notice, the Company became subject to the
procedures set forth in Rule 802.02 of the NYSE Listed Company
Manual.  In accordance with such procedures, on or before Aug. 25,
2017, the Company plans to acknowledge receipt of the Notice and
notify the NYSE of its intention to submit a business plan on or
before Sept. 25, 2017, which will set forth the Company's plan to
regain compliance with the relevant listing standards.  The NYSE
will have 45 days after receipt of the Plan to review such Plan and
determine whether the Company has made a reasonable demonstration
of its ability to regain compliance within the 18-month period
ending Feb. 11, 2019.  If the Plan is accepted by the NYSE, the
Company's shares will continue to be listed and traded on the NYSE,
subject to the NYSE's quarterly monitoring of the Company's
compliance with the Plan and other NYSE continued listing
standards.  If the Plan is not accepted by the NYSE, or if the
Company fails to maintain compliance with the Plan, the Company's
shares may be subject to suspension and delisting.

The Company intends to take steps to remedy the listing
deficiencies in a timely manner; however, no assurance can be given
that the Company will be able to regain compliance with the
applicable listing standards or otherwise maintain compliance with
the other continued listing standards set forth in the NYSE Listed
Company Manual.

Receipt of the Notice by the Company is not a violation of the
terms of, and does not constitute a default or event of default
under, any of the Company's material debt or other obligations.

                     About Walter Investment

Walter Investment Management Corp. --
http://www.walterinvestment.com/-- is an independent servicer and
originator of mortgage loans and servicer of reverse mortgage
loans.  Based in Fort Washington, Pennsylvania, the Company has
approximately 4,500 employees and services a diverse loan
portfolio.

Walter Investment reported a net loss of $833.9 million for the
year ended Dec. 31, 2016, a net loss of $263.2 million for the year
ended Dec. 31, 2015, and a net loss of $110.3 million for the year
ended Dec. 31, 2014.

                           *    *    *

In July 2017, S&P Global Ratings lowered its long-term issuer
credit rating on Walter Investment Management Corp. to 'CCC-' from
'CCC'.  The outlook is negative.  S&P said, "At the same time, we
also lowered the rating on the company's senior secured term loan
to 'CCC-' from 'CCC' and the rating on its senior unsecured notes
to 'C' from 'CC'."  

In August, 2017, Moody's Investors Service downgraded Walter
Investment's corporate family rating to 'Caa3' from 'Caa2'.  The
rating action follows the company's announcement that it has
entered into a restructuring support agreement with more than 50%
of senior term loan lenders.


WALTER INVESTMENT: Receives NYSE Continued Listing Standard Notice
------------------------------------------------------------------
Walter Investment Management Corp. on Aug. 16, 2017, disclosed that
on Aug. 11, 2017 it received written notification (the "Notice")
from the New York Stock Exchange ("NYSE") that the Company was
considered to be non-compliant with the continued listing standards
set forth under Rule 802.01B of the NYSE Listed Company Manual
because the average market capitalization of the Company's common
stock was less than $50 million over a consecutive 30 trading-day
period, while its last reported stockholders' equity was less than
$50 million.

As a result of the Notice, the Company became subject to the
procedures set forth in Rule 802.02 of the NYSE Listed Company
Manual.  In accordance with such procedures, on or before August
25, 2017, the Company plans to acknowledge receipt of the Notice
and notify the NYSE of its intention to submit a business plan (the
"Plan") on or before September 25, 2017, which will set forth the
Company's plan to regain compliance with the relevant listing
standards.  The NYSE will have 45 days after receipt of the Plan to
review such Plan and determine whether the Company has made a
reasonable demonstration of its ability to regain compliance within
the 18-month period ending February 11, 2019.  If the Plan is
accepted by the NYSE, the Company's shares will continue to be
listed and traded on the NYSE, subject to the NYSE's quarterly
monitoring of the Company's compliance with the Plan and other NYSE
continued listing standards.  If the Plan is not accepted by the
NYSE, or if the Company fails to maintain compliance with the Plan,
the Company's shares may be subject to suspension and delisting.

The Company intends to take steps to remedy the listing
deficiencies in a timely manner; however, no assurance can be given
that the Company will be able to regain compliance with the
applicable listing standards or otherwise maintain compliance with
the other continued listing standards set forth in the NYSE Listed
Company Manual.

Receipt of the Notice by the Company is not a violation of the
terms of, and does not constitute a default or event of default
under, any of the Company's material debt or other obligations.

            About Walter Investment Management Corp.

Walter Investment Management Corp. (NYSE: WAC.BC)  --
http://www.walterinvestment.com/-- is an independent servicer and  
originator of mortgage loans and servicer of reverse mortgage
loans.  Based in Fort Washington, Pennsylvania, the Company has
approximately 4,500 employees and services a diverse loan
portfolio.

Walter Investment reported a net loss of $833.9 million for the
year ended Dec. 31, 2016, a net loss of $263.2 million for the year
ended Dec. 31, 2015, and a net loss of $110.3 million for the year
ended Dec. 31, 2014.

                           *    *    *

In July 2017, S&P Global Ratings lowered its long-term issuer
credit rating on Walter Investment to 'CCC-' from 'CCC'.  The
outlook is negative.  S&P said, "At the same time, we also lowered
the rating on the company's senior secured term loan to 'CCC-' from
'CCC' and the rating on its senior unsecured notes to 'C' from
'CC'."  

In August 2017, Moody's Investors Service has downgraded Walter
Investment's corporate family rating to 'Caa3' from 'Caa2'.  The
rating action follows the company's announcement that it has
entered into a restructuring support agreement with more than 50%
of senior term loan lenders.


WELLMAN DYNAMICS: Amended Docs on Assets Sale Due Aug. 25
---------------------------------------------------------
Judge Anita L. Shodeen of the U.S. Bankruptcy Court for the
Southern District of Iowa ordered Wellman Dynamics Machining &
Assembly, Inc., to file with the Court on Aug. 25, 2017 the amended
documents in connection with the sale of substantially all assets
to TCTM Financial DS, LLC for (i) a credit bid of $8,000,000, plus
the assumption of the Assumed Liabilities, subject to overbid.

A hearing on the Motion was conducted on Aug. 17, 2017.

Based upon the representations of counsel, the parties have agreed
to changes that involve the pending Motion, bid procedures and
APA.

Upon review of the filed amendments, the Court may enter an order
approving the bid procedures without further notice or hearing.

                   About Fansteel and Affiliates

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

Fansteel, Wellman Dynamics and Wellman Dynamics Machinery &
Assembly, Inc., filed Chapter 11 petitions (Bankr. S.D. Iowa Case
Nos. 16-01823, 16-01825 and 16-01827) on Sept. 13, 2016.  The
petitions were signed by Jim Mahoney, CEO.  The cases are assigned
to Judge Anita L. Shodeen.  The Debtors disclosed total assets of
$32.9 million and total debt of $41.97 million.

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

The companies filed motions to jointly administer the cases
pursuant to Bankruptcy Rule 1015(b), and the court ordered the
joint administration on Oct. 17, 2016.  The court subsequently
entered an order on May 24, 2017, vacating its Oct. 17 order and
discontinuing the joint administration of the cases under the lead
case of Fansteel.

On Sept. 23, 2016, the U.S. Trustee for Region 12 appointed an
official committee of unsecured creditors in Fansteel's bankruptcy
case.  The committee retained Morris Anderson & Associates, Ltd.,
as financial advisor; and Archer & Greiner, P.C. and Nyemaster
Goode, P.C., as counsel.

In March 2017, the U.S. trustee announced that the unsecured
creditors' committee of Fansteel would no longer serve as the
official committee in its case and that it would be reconstituted
as the official committee of unsecured creditors in the Chapter 11
cases of Wellman Dynamics and Wellman Dynamics Machinery.  As of
March 22, 2017, a new creditors' committee has not yet been
appointed in Fansteel's bankruptcy case.

Wellman Dynamics filed a Chapter 11 plan of reorganization and
disclosure statement on Jan. 11, 2017.  On May 8, 2017, the
creditors' committee of Wellman Dynamics filed a rival Chapter 11
plan of liquidation for the company.


WESCO AIRCRAFT: Moody's Lowers CFR to B2; Outlook Negative
----------------------------------------------------------
Moody's Investors Service downgraded the ratings of Wesco Aircraft
Hardware Corp., including the Corporate Family Rating (CFR) to B2
from B1, the Probability of Default Rating to B3-PD from B2-PD, and
the senior secured ratings to B2 from B1. The Speculative Grade
Liquidity Rating was also downgraded to SGL-4 from SGL-3. The
outlook is negative.

RATINGS RATIONALE

The downgrade reflects expectations of near-term earnings and cash
flow pressures which will result in a weakening set of credit
metrics and growing financial leverage with Debt-to EBITDA
anticipated to be around 6x by the end of fiscal 2017. The
downgrade also considers a weak liquidity profile involving
negative free cash flow, a reliance on external sources of
financing, and tight financial covenants.

The B2 CFR incorporates variable working capital investment needs,
a fundamental dependence on cyclical aerospace demand levels, and a
heavy reliance on a concentrated group of OEM customers. A number
of headwinds including topline weakness, lower gross margins
(unfavorable product mix and lower profitability on ad hoc sales)
and elevated SG&A expenses are expected to result in a weakened
credit profile over the next few quarters (YTD 2017 EBITDA of $106
million compared to $147 million for the same YTD period in 2016).
Key challenges to the credit include lower ad hoc revenues (on
execution issues and OEM inventory adjustments) as well as the need
for better inventory procurement/forecasting in the face of growing
inventory levels (YTD inventory up almost $100 million) and the
need to improve customer service and on-time delivery.

Recent business wins are viewed favorably but will weigh on cash
flow generation as Wesco makes significant inventory investments to
support future sales. This reduction in cash flows coupled with
lower earnings will result in an elevated leverage profile with
Moody's adjusted Debt-to-EBITDA expected to be around 6x in late
fiscal 2017. Moody's also believes Wesco's position as a
distributor that does not have product manufacturing capabilities
leaves the company vulnerable to disintermediation risk as
evidenced by several sizable customer/contract losses in previous
years. Long-standing customer relationships, as demonstrated by
recent contract renewals, and on-site inventory management services
that increase integration with customers only partially mitigate
this risk. The rating also considers Wesco's position as a leading
distributor of hardware, chemical and electronic products to the
aerospace and defense industries as well as the company's
well-established global distribution network.

The negative outlook primarily reflects Wesco's weak liquidity
profile with negative free cash flow, a reliance on revolver
borrowings, and increasingly tight compliance with financial
covenants. The negative outlook also incorporates expectations of
near-term earnings and cash flow pressures as well as elevated
financial leverage.

The SGL-4 speculative grade liquidity rating denotes expectations
of a weak liquidity profile over the next 12 months. A combination
of working capital investments and earnings pressures have resulted
in negative free cash flow and Moody's anticipates cash burn (CFO
less capex) of at least $50 million during fiscal 2017. External
liquidity is provided by a $180 million revolving credit facility
and Moody's expects continued reliance on the facility ($48 million
was drawn as of June 2017) over the coming quarters. The revolver
and term loan A contain a maintenance-based net leverage covenant
of 4.5x which steps down to 4.25x in December 2017. Moody's notes
that financial covenants effectively limit revolver availability to
around $39 million. Compliance with financial covenants is
currently very tight (4.3x as of Q3 2017 versus 4.5x covenant), and
absent an amendment/waiver a covenant breach looks increasingly
likely in the next quarter or two. Wesco has no near-term principal
obligations (all senior credit facilities mature in 2021) and cash
on hand as of June 2017 was $57 million ($45 million held
overseas).

The ratings could be upgraded if Wesco were to reduce leverage such
that Moody's adjusted Debt-to-EBITDA was expected to be sustained
at or below 4.5x. Any upgrade would be predicated on improved
operational performance, better inventory management, as well as
Wesco maintaining a good liquidity profile with expectations of
FCF-to-Debt consistently in the low to mid-single digits coupled
with substantial availability under the revolving facility.

The ratings could be downgraded if Wesco's liquidity were to
deteriorate further such that a breach of financial covenants
appeared imminent or if there was reduced availability under the
revolver or if free cash flow generation was expected to remain
negative in fiscal 2018. The ratings could be downgraded if
Debt-to-EBITDA is expected to be sustained in the low-to-mid 6.5x
range. A weakening of Wesco's operating margins and/or an inability
to improve inventory management and customer service levels could
also result in a downgrade.

The following summarizes rating action:

Issuer: Wesco Aircraft Hardware Corp.

Corporate Family Rating, downgraded to B2 from B1

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

$180 million senior secured revolving credit facility due 2021,
downgraded to B2 (LGD3) from B1 (LGD3)

$400 million ($385 million outstanding) senior secured term loan A
due 2021, downgraded to B2 (LGD3) from B1 (LGD3)

$525 million ($441 million outstanding) senior secured term loan B
due 2021, downgraded to B2 (LGD3) from B1 (LGD3)

Speculative Grade Liquidity Rating, downgraded to SGL-4 from SGL-3

Rating Outlook changed to Negative from Stable.

Wesco Aircraft Hardware Corp., headquartered in Valencia, CA, is a
wholly-owned subsidiary of NYSE-listed Wesco Aircraft Holdings
Inc., a leading distributor and provider of supply chain management
services to the global aerospace industry. Wesco's services range
from traditional distribution to the management of supplier
relationships, quality assurance, kitting, just-in-time delivery
and point-of-use inventory management. Wesco offers more than
575,000 active SKUs including chemical, electrical and C-class
hardware. Revenues for the twelve months ended June 2017 were
approximately $1.4 billion.

The principal methodology used in these ratings was Global
Aerospace and Defense Industry published in April 2014.


WEST WINDOWS: Unsecureds to Recoup 19.14% Under Plan
----------------------------------------------------
West Window Films Corp. and Eric William Maurosa Toro filed with
the U.S. Bankruptcy Court for the District of Puerto Rico a
disclosure statement dated Aug. 9, 2017, referring to the Debtor's
plan of reorganization dated Aug. 9, 2017.

Holders of Class 6 General Unsecured Claims -- totaling $167,141.01
-- will receive a total repayment of 19.14% of their claimed or
listed debt which equals $32,000 to be paid pro rata to all allowed
claimants under the class.  Class 6 claimants will receive from the
Debtor a non-negotiable, interest bearing at 2.75% annually,
promissory note dated as of the Effective Date.  Unsecured
Creditors will receive 55 equal monthly installments in the amount
of $620.04 (principal plus interest) starting Dec. 15, 2017.  This
installment will be distributed pro rata among creditors of this
class.  This class is impaired.

Upon confirmation of the Plan, the Debtors will have sufficient
funds to make all payments then due under the Plan.  The funds will
be obtained from the Debtors' business income.

On the effective date of the Plan, the distribution,
administration, management of the Debtors' affairs, collection of
money, sale of property and distribution to creditors, unless
otherwise provided, will be under the control of the Debtors.

The funding of the Plan is contingent to the continuation of the
Debtors' business.

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

           http://bankrupt.com/misc/prb17-03604-58.pdf

                  About West Windows Films Corp.

West Window Films Corp. and Eric William Maurosa Toro, the
company's president, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.P.R. Case Nos. 17-03607 and 17-03604) on
May 23, 2017.  Mr. Toro signed the petitions.

The cases are substantially consolidated pursuant to an order
issued on June 16, 2017.

At the time of the filing, West Window disclosed that it had
estimated assets of less than $100,000 and liabilities of less than
$500,000.  The Debtors are represented by Gloria Justiniano
Irizarry, Esq., at the Justiniano's Law Office.


YIELD10 BIOSCIENCE: Has Resale Prospectus of 570,784 Shares
-----------------------------------------------------------
Yield10 Bioscience, Inc., filed a Form S-1 registration statement
with the Securities and Exchange Commission relating to the resale
of up to 570,784 shares of its common stock issuable upon exercise
of certain outstanding warrants.

These shares will be resold from time to time by Jack W. Schuler
Living Trust, Schuler Grandchildren LLC, Schuler Grandchildren 2010
Continuation Trust, et al.  The shares of common stock offered
under this prospectus by the selling security holders are issuable
upon exercise of warrants issued pursuant to the Securities
Purchase Agreement by and among Yield10 Bioscience, Inc. and the
selling security holders, dated as of July 3, 2017.

The Company is not selling any securities under this prospectus and
will not receive any of the proceeds from the sale of securities by
the selling security holders.

The selling security holders may sell the shares of common stock
described in this prospectus in a number of different ways and at
varying prices.

The Company's common stock is traded on The NASDAQ Capital Market,
or NASDAQ, under the symbol "YTEN".  On Aug. 16, 2017, the last
reported sale price of the Company's common stock was $2.42 per
share.

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

                     https://is.gd/4mRqix

                  About Yield10 Bioscience

Yield10 Bioscience, Inc., formerly known as Metabolix, Inc. --
http://www.yield10bio.com/-- is focused on developing new
technologies to achieve step-change improvements in crop yield to
enhance global food security.  Yield10 has an extensive track
record of innovation based around optimizing the flow of carbon in
living systems.  Yield10 is leveraging its technology platforms and
unique knowledge base to design precise alterations to gene
activity and the flow of carbon in plants to produce higher yields
with lower inputs of land, water or fertilizer.  Yield10 is
advancing several yield traits it has developed in crops such as
Camelina, canola, soybean and corn.  Yield10 is headquartered in
Woburn, MA and has an Oilseeds center of excellence in Saskatoon,
Canada.

Yield10 reported a net loss of $7.60 million on $1.15 million of
total revenue for the year ended Dec. 31, 2016, compared to a net
loss of $23.68 million on $1.35 million of total revenue for the
year ended Dec. 31, 2015.

RSM US LLP, in Boston, Massachusetts, issued a "going concern"
opinion on the consolidated financial statements for the year ended
Dec. 31, 2016, noting that the Company has suffered recurring
losses from operations and has insufficient capital resources,
which raises substantial doubt about its ability to continue as a
going concern.


                            *********

Monday's edition of the TCR delivers a list of indicative prices
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S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2017.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-362-8552.

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