TCR_Public/171102.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Thursday, November 2, 2017, Vol. 21, No. 305

                            Headlines

8281 MERRILL ROAD: Needs More Time to Assess Restructuring Options
A & B ASSOCIATES: January 10 Disclosure Statement Hearing
ACOSTA INC: Bank Debt Trades at 12.80% Off
AMBOY GROUP: Nov. 14 Meeting Set to Form Creditors' Panel
ANTHONY LAWRENCE: Seeks Feb. 15 Exclusive Plan Filing Extension

APEX PROPERTIES: November 6 Disclosure Statement Hearing
ARCH COAL: Court Affirms Order Disallowing W. English Claim
ARMSTRONG ENERGY: Files for Chapter 11 With Knight Hawk Deal
AVAYA INC: Moody's Assigns Prov. B2 Corporate Family Rating
B E R PRECISION: Creditors to Get Full Payment Over 60 Months

BEARCAT ENERGY: Argo Partners Appointed as New Committee Member
BELK INC: Bank Debt Trades at 16.78% Off
BISHOP GORMAN: Given Until Jan. 8 to File Reorganization Plan
BREITBURN ENERGY: US Trustee Discloses Current Committee Members
BROTHERS MATERIALS: District Court Affirms Ch. 11 Plan Confirmation

CAMBER ENERGY: Reports Results of Well Recompletions & Future Plans
CANNABIS SCIENCE: Files Lawsuit Over Hemp Harvest Raid
CAPSTONE PEDIATRICS: December 19 Plan Confirmation Hearing
CAROLINA MOLD: Bankr. Administrator Seeks Chapter 11 Trustee
CATALYST LIFESTYLES: Case Summary & 16 Unsecured Creditors

CENTURYLINK INC: Moody's Lowers CFR to Ba3; Outlook Negative
CHARLES K. BRELAND: Bid to Limit Authority of Ch. 11 Trustee Nixed
CHELSEA CRAFT: DOJ Watchdog Directed to Appoint Chapter 11 Trustee
CONTINENTAL CASUALTY: Moody's Affirms (P)Ba1 Pref. Shelf Rating
CUZCO DEVELOPMENT: Court Allows Yedang USA's Unsecured Claim

DAVE 60 NYC: Seeks February 19 Plan Filing Exclusivity Extension
DPL INC: Moody's Affirms Ba3 Senior Unsecured Debt Rating
ELLINGTON TRUCKING: November 15 Plan Confirmation Hearing
EMMANUEL'S AUTO SALES: Seeks to Hire Ordinary Course Professionals
FAUSER OIL: Has Until November 22 to File Reorganization Plan

FREEDOM MORTGAGE: Moody's Assigns B2 Senior Unsec. Bonds Rating
FRONTIER COMMUNICATIONS: Bank Debt Trades at 4.99% Off
GABRIELLE LAVERNE BROWN: PCO Files 4th Report
GENERAL NUTRITION: Bank Debt Trades at 5.44% Off
GETTY IMAGES: Bank Debt Trades at 12.67% Off

GOLDEN MARINA: Court Confirms Third Amended Plan of Reorganization
GULFMARK OFFSHORE: Incurs $24.6 Million Net Loss in Third Quarter
INFINITE HOLDINGS: Taps Selwyn D. Whitehead as Legal Counsel
INTREPID POTASH: Reports Third Quarter Net Loss of $1.9 Million
IREP MONTGOMERY-MRF: Needs More Time to Close Asset Sale, File Plan

JACKSONVILLE BEAUTY: U.S. Trustee Unable to Appoint Committee
JC PENNEY: Bank Debt Trades at 4.70% Off
KENTISH TRANS: Plan Payments to be Funded by Continued Operations
KHAWAJA PARTNERS: Taps Nima Taherian as Legal Counsel
LSB INDUSTRIES: Amends Board Representation and Standtill Pact

LSB INDUSTRIES: Incurs $24.7 Million Net Loss in Third Quarter
LSB INDUSTRIES: Two Directors Resign From Board
M&G CHEMICALS: Files for Chapter 11 with Plans to Sell U.S. Assets
MAC ACQUISITION: U.S. Trustee Forms 7-Member Committee
MAYFAIR-CORCORAN LLC: Webb Ventures Buying DC Property for $2.1M

MONTCO OFFSHORE: Seeks to Hire Drinker Biddle as Lead Counsel
MSR RESORT: District Court Rejects Conlon's Fees Opinion Appeal
NC DEVELOPMENT: November 11 Disclosure Statement Hearing
NEIMAN MARCUS: Bank Debt Trades at 20.35% Off
OAKRIDGE HOLDINGS: DIP Maturity Date, Milestones Extended 120 Days

OMAR A. DUWAIK: Loses 2nd Bid for Restraining Order, Injunction
OMNI LION'S RUN: Plan Filing Exclusivity Extended Until Dec. 4
ORANGE ACRES: Needs Additional Time to Continue Plan Discussions
ORBITE TECHNOLOGIES: Stay Period Extended Until January 2018
P3 FOODS: Deadline to File Disclosure Statement Moved to Jan. 16

PAROLE BESTGATE: November 7 Plan Objection Deadline
PERFORMANCE SPORTS: Debtor Wins OK of Plan Disclosures
PETCO ANIMAL: Bank Debt Trades at 17.60% Off
PRIME METALS: Unsecureds to Get $175,000 Under Plan
PROFLO INDUSTRIES: Taps Patricia A. Kovacs as Legal Counsel

PUERTO RICO ELECTRIC: Committee to Probe $300-Mil. Whitefish Deal
PUERTO RICO ELECTRIC: Oversight Board Proposes New PREPA Chief
PUERTO RICO: COFINA Senior Bondholders' Coalition Update Holdings
PUERTO RICO: FGIC Bid for 90-Day Stay of Suits Facing Objections
PUERTO RICO: Revises Plan to End Debt Crisis After Hurricanes

QUOTIENT LIMITED: Galen Entities Own 16% of Shares as of Oct. 26
QUOTIENT LIMITED: Reports $21.7-Mil. Second Quarter Net Loss
QUOTIENT LIMITED: Shareholders Re-Elect Eight Directors
REDIGI INC: Court Says 'No' to Plan Solicitation Period Extension
RENNOVA HEALTH: Signs Exchange Agreement with Debenture Holders

REPLOGLE HARDWOOD: U.S. Trustee Unable to Appoint Committee
RICHARDSON INVESTMENTS: Case Summary & 5 Unsecured Creditors
RIVERBED TECHNOLOGY: Bank Debt Trades at 2.71% Off
ROSETTA GENOMICS: Receives Noncompliance Notice from NASDAQ
ROYAL T ENERGY: Case Summary & 20 Largest Unsecured Creditors

S & H ENTERPRISE: Case Summary & 8 Unsecured Creditors
SAGE AUTOMOTIVE: Moody's Affirms B2 CFR Following Dividend
SAMUEL EVANS WYLY: Sale of Dallas Property for $9.4M Approved
SEARS HOLDINGS: Draws Down Remaining $60M Under JPP Facility
STAGEARTZ LIMITED: November 2 Plan Confirmation Hearing

TEXAS FLUORESCENCE: Exclusive Plan Filing Deadline Moved to Nov. 29
TROVERCO INC: Exclusive Plan Filing Period Extended Thru Feb. 27
ULTRA PETROLEUM: Appeal from Make-whole Order Sent to 5th Circuit
UTZ QUALITY: Moody's Assigns B2 CFR; Outlook Stable
VASARI LLC: Expects to File Plan, Keep 45 Dairy Queen Stores

WALTER INVESTMENT: Moody's Affirms Caa3 CFR; Outlook Negative
WARWICK YARD: DLA Seeks Appointment of Chapter 11 Trustee
WESTINGHOUSE ELECTRIC: Toshiba Must Modify Confidentiality Order
XFS INVESTMENTS: Case Summary & Unsecured Creditor
Y&K SUN: Jeffrey Weinman Appointed as Chapter 11 Trustee

[*] Fischer Enterprises Expands Investment Opportunities
[^] Recent Small-Dollar & Individual Chapter 11 Filings

                            *********

8281 MERRILL ROAD: Needs More Time to Assess Restructuring Options
------------------------------------------------------------------
8281 Merrill Road A, LLC, and 8281 Merrill Road C, LLC filed a
second motion asking the U.S. Bankruptcy Court for the Southern
District of Florida to extend the Debtors' Exclusivity Periods to
file a plan of reorganization and seek acceptances for an
additional period of not less than 30 days, or until November 29,
2017 and January 28, 2018 respectively.

The Court previously extended the time prescribed for the Debtors'
exclusive right to file a plan of reorganization and seek
acceptances thereof for a period of 30 days or until October 30,
2017 and December 29, 2017 respectively.

The Debtors own contiguous parcels of real property located at 8281
Merrill Road, Jacksonville, FL 32277. The Merrill Property was most
recently used as a car dealership and could be reasonably outfitted
to accommodate a tenant operating same.

In August 2015, the Debtors leased the Merrill Property to 2014
Management Company LLC.  In October 2015, the Property Tenant
ceased making rent payments to the Debtors. As a result, the
Debtors no longer possessed the income required to pay Debtors'
debts as they came due.

The Debtors' primary financing source is Roger 14, LLC, which
alleges that it holds a note in the current outstanding amount
exceeding $800,000, asserts that the Note is secured by a first
position mortgage on the Merrill Property.

Now, the Debtors continue to advance restructuring of its debt or
facilitating a controlled and adequately marketed sale or lease of
the Merrill Property while negotiating with its creditors.

Moreover, the Debtors noted that the deadline for creditors other
than governmental units to file a proof of claim was October 10.

                About 8281 Merrill Road A, LLC

8281 Merrill Road A, LLC, is a manager-managed limited liability
company with manager, Jacksonville Merrill Dealership, LLC, which
is itself managed by Daniel Rusche.

The Debtor filed a Chapter 11 bankruptcy petition (Bankr. S.D. Fla.
Case No. 17-17027) on June 2, 2017.  The Hon. Raymond B. Ray
presides over the case.  Messana, PA, represents the Debtor as
counsel.

In its petition, the Debtor estimated $100,000 to $500,000 in
assets and $1 million to $10 million in liabilities.  The petition
was signed by Tim O'Brien, who, according to court documents, is
the manager of manager.


A & B ASSOCIATES: January 10 Disclosure Statement Hearing
---------------------------------------------------------
The Hon. Edward J. Coleman III of the U.S. Bankruptcy Court for the
Southern District of Georgia will hold hearing on January 10, 2018
at 10:00 a.m. to consider approval of the disclosure statement
filed by A & B Associates, L.P. in connection with its Plan of
Reorganization filed on September 29.

Any written objections to the disclosure statement, including
objections to the Debtor's valuation of assets of the estate must
be filed by November 6, 2017.

                  About A & B Associates, L.P.

A & B Associates, L.P., filed a Chapter 11 petition (Bankr. S.D.
Ga. Case No. 17-40185) on Feb. 3, 2017.  Christopher L. Kettles,
managing general partner, signed the petition. The case is assigned
to Judge Edward J. Coleman III.  The Debtor is represented by C.
James McCallar, Jr., Esq., at the McCallar Law Firm.  At the time
of filing, the Debtor had $5.48 million in assets and $3.93 million
in liabilities.


ACOSTA INC: Bank Debt Trades at 12.80% Off
------------------------------------------
Participations in a syndicated loan under Acosta Inc. is a borrower
traded in the secondary market at 87.20 cents-on-the-dollar during
the week ended Friday, October 27, 2017, according to data compiled
by LSTA/Thomson Reuters MTM Pricing.  This represents an increase
of 0.18 percentage points from the previous week.  Acosta Inc. pays
325 basis points above LIBOR to borrow under the $2.06 billion
facility. The bank loan matures on Sept. 26, 2021 and carries
Moody's B3 rating and Standard & Poor's B- rating.  The loan is one
of the biggest gainers and losers among 247 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended October 27.


AMBOY GROUP: Nov. 14 Meeting Set to Form Creditors' Panel
---------------------------------------------------------
Andy Vara, Acting United States Trustee for Region 3, will hold an
organizational meeting on Nov. 14, 2017, at 10:00 a.m. in the
bankruptcy case of Amboy Group, LLC dba Tommy Moloney's dba
Agnelli's Gourmet dba Amboy Cold Storage.

The meeting will be held at:

               United States Bankruptcy Court
               402 East State Street, Room 129
               Trenton, New Jersey 08608

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

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

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

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

                      About Amboy Group

Amboy Group is a provider of food products and temperature
controlled warehouses. Its food processing and cold storage
facility serve as a manufacturer/distributor of authentic Irish and
Italian meat products in America. Amboy Group's facility is USDA,
FDA and SQF 2000 certified.

CLU Amboy, LLC is the fee simple owner of a real property located
at 1 Amboy Avenue Woodbridge, NJ 07095 with an appraised value of
$13 million. CLU Amboy reported gross revenue of $624,444 in 2016
and gross revenue of $644,066 in 2015.

Amboy Group holds a 51% interest in an American entity known as
Parmacotta-Amboy NA, LLC, that distributes Italian meats. The
remaining 49% is owned by an American entity known as Parmacotto
America . Parmacotto America is owned by Paramcotto sPa.
Parmacotto sPa has been subject to insolvency proceedings in Italy
for approximately two and half years, during which time, no revenue
has flowed from Parmacotto sPa to Amboy Group. Amboy Group's gross
revenue amounted to $10.01 million in 2016 and $6.26 million in
2015.

Amboy Group LLC dba Tommy Moloney's dba Agnelli's Gourmet dba Amboy
Cold Storage and its affiliate CLU Amboy, LLC dba Amboy Cold
Storage filed separate Chapter 11 petitions (Bankr. D. N.J. Case
Nos. 17-31653 and 17-31647, respectively), on October 25, 2017.
Joint administration of the cases is currently pending.

At the time of filing, the Amboy Group, LLC had $1.48 million in
assets and $7.11 million in liabilities, while CLU Amboy, LLC had
$13.34 million in assets and $10.78 million in liabilities.

The Hon. Christine M. Gravelle presides over the case.

The Debtors are represented by Anthony Sodono, III, Esq. and Sari
Blair Placona, Esq. of Trenk, DiPasquale, Della Fera & Sodono, P.C.


ANTHONY LAWRENCE: Seeks Feb. 15 Exclusive Plan Filing Extension
---------------------------------------------------------------
Anthony Lawrence of New York Inc. requests the U.S. Bankruptcy
Court for the Eastern District of New York for further extension of
the time within which only the Debtor may file a plan of
reorganization and solicit acceptances of such plan to February 15,
2018 and April 14, 2018, respectively.

Without the requested extension, the time within the Debtor may
file and solicit acceptances to a plan of reorganization is
scheduled to expire on November 16, 2017 and January 16, 2018,
respectively.

The Debtor relates that it has spent significant amount of its time
focusing on its litigation with its former counsel in the pending
adversary proceeding, which has taken a significant amount of time
away from moving forward with confirming a chapter 11 plan. While
the matter has been settled in principle, the Debtor claims that
since the last hearing, the parties have spent their time hammering
out a Stipulation of Settlement, which has just been finalized and
must be approved by the Court.

While the Debtor's business has been doing well enough to fund a
plan of reorganization, the Debtor submits that it could use those
funds to pay certain claims which are required to be paid
immediately upon confirmation of the Debtor's plan and to make its
Chapter 11 plan feasible.

The Debtor avers that it has also been focusing on its operations.
The Debtor claims that further work is also required to complete a
financial analysis, post-petition business plan and final
determination of certain alleged unsecured creditors. In addition,
the Debtor plans to object to two claims filed by governmental
units.

The Debtor submits that it would be prejudicial and detrimental to
the Debtor, its estate and its creditor if the Debtor will not be
given additional time to complete its business plan, analysis,
review and negotiations with its creditors -- all of which are
absolutely essential to the successful outcome of the Debtor's
Chapter 11 case.

A hearing will be held on November 14, 2017 at 10:00 a.m. during
which time the Court will consider the Debtor's request to further
extend the Exclusive Periods. Objections to the Debtor's request
are due no later than seven days prior to the hearing date.

            About Anthony Lawrence of New York, Inc.

Headquartered in Long Island City, New Yok, Anthony Lawrence of New
York, Inc., filed for Chapter 11 bankruptcy protection (Bankr.
E.D.N.Y. Case No. 15-44702) on Oct. 15, 2015, estimating its assets
at up to $50,000 and its liabilities at between $1 million and $10
million. The petition was signed by Joseph J. Calagna, president.
Judge Elizabeth S. Stong presides over the case.

The Debtor is engaged in the business of custom manufacturing of
furniture and window treatments for the wholesale market only.

James P Pagano, Esq., was formerly tapped to serve as the Debtor's
bankruptcy counsel.  The Law Office of Rachel S. Blumenfeld PLLC
now represents the Debtor.

No trustee or examiner has been appointed in this Chapter 11 case.
No Committee of Unsecured Creditors has been appointed in this
case.


APEX PROPERTIES: November 6 Disclosure Statement Hearing
--------------------------------------------------------
Judge Paul M. Black of the U.S. Bankruptcy Court for the Western
District of Virginia will convene on November 6, 2017 at 2:00 p.m.
to consider approval of the Disclosure Statement filed by Apex
Properties LLC on September 29, 2017.

October 30, 2017, is fixed as the last date for filing and serving
written objections to the Disclosure Statement in accordance with
Rule 3017(a).

Counsel for Apex Properties LLC:

            Andrew S. Goldstein, Esq.
            Magee, Goldstein Lasky & Sayers PC
            PO Box 4004
            Roanoke, VA 24003

                      About Apex Properties

Apex Properties LLC, based in Salem, Virginia, is a privately held
company and an operator of a non-residential building.  Apex filed
for Chapter 11 bankruptcy (Bankr. W.D. Va. Case No. 17-70501) on
April 14, 2017, listing between $1 million and $10 million in both
assets and liabilities.  The Hon. Paul M. Black presides over the
case. Andrew S Goldstein, Esq., at Magee Goldstein Lasky & Sayers,
P.C., serves as Chapter 11 counsel.  The petition was signed by Al
Cooper, managing member.


ARCH COAL: Court Affirms Order Disallowing W. English Claim
-----------------------------------------------------------
In the appeals case captioned WAYNE ENGLISH, Appellant, v. ARCH
COAL, INC., Appellee, Case No. 4:17cv9 RLW (E.D. Mo.), District
Judge Ronnie L. White affirms the Bankruptcy Court's decision
disallowing English's claim and denies English's appeal.

English held $140,000 the principal amount of 9.875% Senior Notes
Due 2019 issued by Arch Coal, and he filed two proofs of claim in
Arch Coal's Chapter 11 bankruptcy case. The Claims present similar
issues and do not include any reference to fraud or
misrepresentation.

The Bankruptcy Court entered an order that authorized the indenture
trustees for Arch Coal's debt instruments to file master proofs of
claim against Arch Coal and its debtor subsidiaries. UMB Bank,
National Association, filed a master proof of claim in the amount
of $375 million in principal, plus more than $21 million in accrued
and unpaid interest, on behalf of itself and the noteholders.

Arch Coal and its debt subsidiaries proposed a plan of
reorganization that provided for noteholders to receive a
combination of cash and securities on account of their claims. This
distribution was to be made to noteholders via the Indenture
Trustee. The Bankruptcy Court entered an order confirming the Plan
on Sept. 15, 2016, and the Plan became effective on Oct. 5, 2016.
English received the distribution provided to his class of
noteholders under the Plan.

After the Plan was confirmed, Arch Coal objected to English's
claims, and many others, as duplicative of the master claim filed
by the Indenture Trustee. English provided a response that was
rejected by the clerk of the Bankruptcy Court because it was not
signed. English later submitted his response with a signature and
requested that the Bankruptcy consider his response timely. The
Bankruptcy Court sustained the objection and disallowed English's
claim as duplicative.

English argues that the Bankruptcy Court erred in disallowing his
claim for prepetition interest in the amount of $14,847 in
violation of 11 U.S.C. section 502. English claims that the
Bankruptcy Court did not provide any exceptions to English's
prepetition interest claim and, therefore, his claim for
prepetition interest should be allowed.

Based upon the record, English's assertion is inaccurate. The
Indenture Trustee's proof of claim included more than $21 million
in accrued and unpaid interest. The Plan failed to disallow claims
for accrued, pre-bankruptcy interest owed to noteholders. Neither
Arch Coal nor any other party in interest objected to the Indenture
Trustee's claim. The claim was allowed in the full amount asserted.
Thus, the Court holds that English and the other noteholders have
received the full recovery provided by the Plan and he is not
entitled to recover more.

English also claims that he was defrauded and that his claim was
not discharged upon the confirmation of Arch Coal's Plan. The Court
denies English's claim because he is not entitled to recovery under
this theory. First, neither of English's claims included a claim
for misrepresentation or fraud. Rather, English's claim was for
principal and interest owed on the notes. The deadline to file any
proof of claim was May 27, 2016. Thus, even if this Court construed
English's filings in connection with the claim objection as proofs
of claim, they were filed after the bar date and are disallowed for
that reason.

A full-text copy of Judge White's Memorandum and Order dated Oct.
20, 2017, is available at https://is.gd/Q8fS6L from Leagle.com.

Wayne English, Appellant, Pro Se.

Arch Coal, Inc., Appellee, represented by Brian C. Walsh --
brian.walsh@bryancave.com -- BRYAN CAVE LLP, Cullen K. Kuhn --
ckkuhn@bryancave.com -- BRYAN CAVE LLP, Laura U. Hughes --
laura.hughes@bryancave.com -- BRYAN CAVE LLP & Lloyd A. Palans --
lapalans@bryancave.com -- BRYAN CAVE LLP.

                         About Arch Coal

Founded in 1969, Arch Coal, Inc., is a producer and marketer of
coal in the United States, with operations and coal reserves in
each of the major coal-producing regions of the Country.  As of
January 2016, it was the second-largest holder of coal reserves in
the United States, owning or controlling over five billion tons of
proven and probable reserves.  

Arch Coal, Inc., and 71 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. E.D. Mo. Case Nos. 16-40120 to
16-40191) on Jan. 11, 2016.  The petition was signed by Robert G.
Jones as senior vice president-law, general counsel and secretary.

The Debtors disclosed total assets of $5.84 billion and total debt
of $6.45 billion at the time of the bankruptcy filing.  Judge
Charles E. Rendlen III has been assigned the case.

The Debtors engaged Davis Polk & Wardwell LLP as counsel, Bryan
Cave LLP as local counsel, FTI Consulting, Inc. as restructuring
advisor, PJT Partners as investment banker, and Prime Clerk LLC as
notice, claims and solicitation agent.

An Official Committee of Unsecured Creditors was appointed in the
case.  The Committee retained Kramer Levin Naftalis & Frankel LLP
as counsel; Spencer Fane LLP as local counsel; Berkeley Research
Group, LLC as financial advisor; Jefferies LLC as investment
banker; and Blackacre LLC as coal consultant.

                            *     *     *

The Bankruptcy Court for the Eastern District of Missouri on
September 13, 2016, entered an order confirming the Debtors' Fourth
Amended Joint Plan dated as of September 11, 2016.  The Plan was
amended on September 15.  On October 5, 2016, Arch Coal consummated
the transactions contemplated by the Plan, which became effective
on that date.


ARMSTRONG ENERGY: Files for Chapter 11 With Knight Hawk Deal
------------------------------------------------------------
Armstrong Energy, Inc., a producer and marketer of thermal coal in
the Illinois Basin, and substantially all of its wholly owned
subsidiaries have filed voluntary petitions for reorganization
under chapter 11 of the Bankruptcy Code in the Bankruptcy Court for
the Eastern District of Missouri.  The Company took this action in
order to consummate the transfer of substantially all of its assets
(the "Transaction") to a new entity to be jointly owned by Knight
Hawk Holdings, LLC ("Knight Hawk") and the Company's secured
noteholders.

Armstrong expects its mining operations and customer shipments to
continue in the ordinary course throughout the chapter 11 process.
"We remain firmly committed to serving our customers and to being a
good employer by maintaining safe, productive operations as we
undertake this process," said Armstrong Executive Chairman, J. Hord
Armstrong, III.  "We are confident that this court-supervised
process is the best way to close the Transaction expeditiously,"
added Mr. Armstrong.  Upon the close of the proposed Transaction,
Knight Hawk will take control of Armstrong's ongoing operations.

The Company filed various motions with the Bankruptcy Court,
requesting authorization to continue paying employee wages and
providing health care and other benefits.  Armstrong has also asked
for authority to continue existing customer programs and intends to
pay suppliers in full under normal terms for goods and services
provided after the filing date of November 1, 2017.

Additional information is available on Armstrong's Web site at
www.armstrongenergyinc.com or by calling Armstrong's Restructuring
Hotline, toll-free in the U.S., at (866) 416-0556.  Also, court
filings and other documents related to the reorganization
proceedings are available on a separate website administered by
Armstrong's claims agent, Donlin Recano & Company, Inc., at
http://www.donlinrecano.com/armstrong.

Kirkland & Ellis, LLP is serving as legal advisor, MAEVA Group LLC
is serving as financial advisor, and FTI Consulting, Inc. ("FTI")
is providing interim management services to Armstrong in connection
with the Transaction.  Alan Boyko, a Senior Managing Director of
FTI, has been named Chief Restructuring Officer of Armstrong.

                       About Armstrong

Armstrong Energy, Inc. -- http://www.armstrongenergyinc.com/-- is
a diversified producer of low chlorine, high sulfur thermal coal
from the Illinois Basin, with both surface and underground mines.
The Company markets its coal primarily to proximate and investment
grade electric utility companies as fuel for their steam-powered
generators.

Armstrong reported a net loss of $58.83 million in 2016, a net loss
of $162.14 million in 2015 and a net loss of $28.83 million in
2014.  As of June 30, 2017, Armstrong Energy had $308.95 million in
total assets, $435.3 million in total liabilities and a total
stockholders' deficit of $126.3 million.

Ernst & Young LLP, in St. Louis, Missouri, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, citing that the Company incurred a substantial
loss from operations and has a net capital deficit as of and for
the year ended Dec. 31, 2016.  The Company's operating plan
indicates that it will continue to incur losses from operations,
and generate negative cash flows from operating activities during
the year ended Dec. 31, 2017.  The auditors said these projections
and certain liquidity risks raise substantial doubt about the
Company's ability to meet its obligations as they become due within
one year after March 31, 2017, and continue as a going concern.

                           *    *    *

In July 2017, S&P Global Ratings lowered its corporate credit and
issue-level ratings on Armstrong Energy to 'D' from 'CC' and
removed the ratings from CreditWatch, where it placed them with
negative implications on June 16, 2017.  S&P said, "The downgrade
reflects Armstrong's failure to make an $11.75 million interest
payment on the 11.75% senior secured notes within the 30-day grace
period that expired on July 17, 2017.  The interest payment on the
notes was originally due on June 15, 2017, after which the company
exercised its 30-day grace period."

Also in July 2017, Moody's Investors Service downgraded the ratings
of Armstrong Energy, Inc., including its corporate family rating
(CFR) to 'Ca' from 'Caa1', probability of default rating (PDR) to
'D-PD' from Caa1-PD, and the rating on the senior secured notes to
'Ca' from 'Caa2'.  The outlook is negative.  The action follows the
company's July 17, 2017 announcement that the company entered into
a Forbearance Agreement with the holders of approximately $158
million in aggregate principal amount (representing approximately
79% of the outstanding principal amount) of the Company's Senior
Secured Notes due 2019.


AVAYA INC: Moody's Assigns Prov. B2 Corporate Family Rating
-----------------------------------------------------------
Moody's Investors Service assigned a provisional (P)B2 Corporate
Family Rating to Avaya, Inc. upon its pending emergence from
bankruptcy proceedings. Moody's also assigned a provisional (P)B1
rating to the company's proposed $2.4 billion first lien term
facility and a provisional (P)Caa1 to the proposed $500 million
second lien notes. The company is planning to emerge with the
proposed loans and an unrated $300 million ABL revolving credit
facility. The ratings outlook is stable. Upon Avaya's emergence
from bankruptcy proceedings and the closing of the credit
facilities, Moody's expects to convert the provisional ratings to
definitive ratings.

RATINGS RATIONALE

The provisional (P)B2 Corporate Family Rating reflects the
relatively high leverage at closing and declining performance
trends offset to some degree by the company's scale and leading
positions in the unified communications (UC) and contact center
(CC) industries. The UC and CC industries have been evolving
rapidly and though Avaya has likely lost significant market share
over the last few years, it remains one of the largest players in
its core segments. Avaya's contact center business is expected to
remain stable but its unified communications business is expected
to continue to decline, possibly at double digit rates driven by
competitive pressures and winding down of its legacy hardware
business. Senior Credit Officer Matthew Jones noted, "though
declining, the company still remains a leading provider of voice
applications, and likely has one of the largest installed bases of
enterprise telephony systems."

Jones also added, "the company will reduce its debt load and
pension burden significantly through the bankruptcy process but
debt and pension levels will remain high and flexibility limited
given the evolving industry environment and competitive landscape."
Pro forma leverage at closing is estimated at just under 5x
excluding bankruptcy and related expenses and charges. Given the
declining trends, the company is weakly positioned in the B2
category.

Avaya has to play catch up after years of constrained ability to
invest in its business both internally and through acquisitions.
Customer concerns should be reduced but not completely eliminated
by the improved capital structure. Moody's believe the company's
recent performance was significantly impacted by customer concerns
over LBO debt loads and the recent Chapter 11 proceedings.

The unified communications and contact center industries have been
evolving to include integrated communications offerings, with
products offered as either on premise, hosted or managed service
solutions. Avaya's revenue declines also reflect the shift from
higher price legacy hardware systems to lower price but higher
margin software solutions.

Liquidity is good driven by an undrawn $300 million ABL revolving
credit facility, approximately $350 million of cash at emergence
and positive free cash flow over the next year.

The stable outlook reflects Moody's expectation for continued
declines in revenue as Avaya's legacy business runs off but
stabilizing EBITDA levels as margins improve and significant
improvements in free cash flow. The ratings could be downgraded if
EBITDA levels do not stabilize, leverage exceeds 5.5x on other than
a temporary basis or free cash flow after pension contributions is
not on track to exceed $200 million. The ratings could be upgraded
if performance improves, leverage falls below 4x and free cash flow
to debt exceeds 10%.

The following ratings were assigned:

Assignments:

Issuer: Avaya Inc

-- Probability of Default Rating, Assigned B2-PD

-- Corporate Family Rating, Assigned (P)B2

-- Senior Secured 1st lien Bank Credit Facility, Assigned (P)B1
    (LGD3)

-- Senior Secured 2nd lien Regular Bond/Debenture, Assigned
    (P)Caa1 (LGD5)

Outlook Actions:

Issuer: Avaya Inc

-- Outlook, Assigned Stable

The principal methodology used in these ratings was Diversified
Technology Rating Methodology published in December 2015.

Avaya Inc. is a global leader in enterprise telephony systems with
$3.4 billion of revenues for the twelve months ended June 30, 2017.


B E R PRECISION: Creditors to Get Full Payment Over 60 Months
-------------------------------------------------------------
B E R Precision, Inc., and Thomas Edward Berry filed with the U.S.
Bankruptcy Court for the Southern District of Texas an amended
combined disclosure statement and plan of reorganization on October
3, 2017.

Class 3A consists of the claim held by the Debtors' largest secured
creditor, American Business Lending, Inc., which holds a valid and
perfected first lien covering real property known as 1100 N.
Washington Avenue, Cleveland, Texas, and other business personal
property as provided in the Promissory Note, and other loan
documents, and as further set forth in the Stipulation and Order
for Use of Cash Collateral entered December 6, 2016. The Plan
constitutes a ratification, renewal and reinstatement, as
applicable, of the Note and related loan documents.

The Plan provides that the Reorganized Debtor will continue to make
the payments required by the terms of the ABL Note and the related
loan documents for the monthly payments of principal and interest
which accrue on a monthly basis. The pre-petition liens of ABL in
and to the collateral as provided in the Note and related loan
documents, as continued as post-petition replacement liens pursuant
to the Cash Collateral Order, and as renewed and extended pursuant
to the Plan, are valid and duly existing and will have the priority
as existed prepetition, without the necessity of additional
recordation of such liens.

Class 3B consists of the claim held by the Debtors' next largest
secured debt is in the amount of $23,482.11, which is owed to First
Bank & Trust East Texas. The debt is fully secured by two mills
that are currently not in use. Under the Plan, the Debtor will pay
the claim of First Bank in full on or before 90 days from the
effective date of the plan, and First Bank will retain all rights,
remedies, interests, liens, and lien position with respects to its
Note and Security Agreement as to the Debtors and the collateral.

Since the Debtors have been served with motions to modify the
automatic stay by First Bank, and which the Debtors do not oppose
the motions, the Debtors will release the possession of the mills
to First Bank upon order of the Court granting permission thereof.
As such, the Plan provides that the automatic stay will terminated
upon the Effective Date and the Debtors will, at all times,
maintain, and provide First Bank with proof of, current and
effective full coverage insurance in accordance with the terms of
the Contract insuring the interest of First Bank in the collateral.


Class 4 lists the following unsecured creditors and their
respective claim amounts that the Debtors propose to pay in full
pursuant to the Plan:

     (1) Discover Bank -- $1,223.61

     (2) Leaf Capital Funding, LLC -- $55,717.35

     (3) Leaf Capital Funding, LLC -- $61,690.38

     (4) Scottrade Bank Equipment Finance -- $ 64,258.25

The general unsecured claims that are not disputed will receive
pro-rata distributions before the expiration of 60 months, but not
before all claims of Classes 1 and 2 are satisfied. The Debtor
estimates that the amount of the dividends paid to this class will
total $182,889.59. It is estimated that the Class 4 claimants will
receive dividends equal to 100 % of each claim.

The Plan is based upon the distribution to the creditors from the
sale of the ten lots containing approximately 80 contiguous acres
of undeveloped property on or before December 31, 2018. The
Debtors' real estate broker, Phillip Cameron of Cameron Real Estate
has successfully marketed two lots next to BER's machine shop and
closed the sale on July 28, 2017.

Payments to creditors provided by the Plan will be made from the
sales proceeds of the real property. If the sale of Debtors’ real
estate fails to provide sufficient income to fund the Plan on or
before December 31, 2018, the Debtors will fund the Plan with
monthly payments from the gross income of BER Precision, Inc.
Thereafter, distribution of the payments will be made by Thomas
Edward Berry beginning on January 10, 2019 until the allowed claim
is satisfied.

A full-text copy of the Amended Combined Disclosure Statement and
Plan of Reorganization is available for free at
http://tinyurl.com/ycupq4dy

                        About Thomas Edward Berry and
                               B E R Precision

Thomas Edward Berry is an individual residing at 10111 Aves Street,
Houston, Texas 77034. BER Precision, Inc. is a corporation whose
main offices and machine shop is located at 1100 N. Washington
Avenue, Cleveland Texas 77327.

B E R Precision, Inc. filed a Chapter 11 petition (Bankr. S.D. Tex.
Case No. 17-34371), on July 19, 2017. The Petition was signed by
Thomas Edward Berry, managing member. At the time of filing, the
Debtor estimated assets and liabilities at $100,000 to $500,000
each.

Thomas Edward Berry filed his petition for bankruptcy under Chapter
11 (Bankr. S.D. Tex. Case No. 16-35232), on October 18, 2016. By
order of the Court on July 26, 2017 the cases are jointly
administered.

The Debtors are represented by Larry A. Vick, Esq. at the Law
Offices of Larry A. Vick.


BEARCAT ENERGY: Argo Partners Appointed as New Committee Member
---------------------------------------------------------------
The Office of the U.S. Trustee on Oct. 30 appointed Argo Partners
as new member of Bearcat Energy LLC's official committee of
unsecured creditors.

Argo Partners can be reached through:

     Matthew V. Binstock
     Argo Partners
     12 West 37th Street, 9th Floor
     New York, NY 10018
     Phone: (212) 643-5446
     Fax: (212-643-6401
     Email: Mattb@argopartners.net

The two other members of the committee are Lost Cabin Gas, LLC and
Magna Energy Services, LLC.

                      About Bearcat Energy

Bearcat Energy LLC, owner of coal bed methane wells, equipment and
related fixtures located in the State of Wyoming, filed a Chapter
11 petition (Bankr. D. Colo. Case No. 17-12011) on March 14, 2017.
The petition was signed by Keith J. Edwards, CEO.

The Debtor estimated $0 to $50,000 in assets and $1 million to $10
million in liabilities as of the bankruptcy filing.

The Hon. Elizabeth E. Brown presides over the case.  Kenneth J.
Buechler, Esq., at Buechler & Garber, LLC, serves as bankruptcy
counsel.

On April 20, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.


BELK INC: Bank Debt Trades at 16.78% Off
----------------------------------------
Participations in a syndicated loan under BELK, Inc. is a borrower
traded in the secondary market at 83.22 cents-on-the-dollar during
the week ended Friday, October 27, 2017, according to data compiled
by LSTA/Thomson Reuters MTM Pricing.  This represents a decrease of
0.41 percentage points from the previous week. Petco Animal
Supplies pays 450 basis points above LIBOR to borrow under the $1.5
billion facility. The bank loan matures on 2022 and carries Moody's
B2 rating and Standard & Poor's B- rating.  The loan is one of the
biggest gainers and losers among 247 widely quoted syndicated loans
with five or more bids in secondary trading for the week ended
October 27.


BISHOP GORMAN: Given Until Jan. 8 to File Reorganization Plan
-------------------------------------------------------------
The Hon. August B. Landis of the U.S. Bankruptcy Court for the
District of Nevada extended the exclusive periods during which only
Bishop Gorman Development Corporation may file a Chapter 11 plan
and solicit acceptances of the plan until January 8, 2018 and March
9, 2018, respectively.

As reported by the Troubled Company Reporter on August 21, 2017,
the Debtor sought for an extension of the Exclusive Periods to the
earlier of 60 days after the Court enters a final court order
adjudicating the claims raised in the adversary case involving J.A.
Tiberti Construction, Inc. ("JATCO") or Oct. 17, 2018, and an
extension of the Exclusive Solicitation Period to the earlier of
120 days after the Court enters a final order adjudicating the
claims raised in the JATCO Adversary or Dec. 17, 2018.

An opposition to the Debtor's Exclusivity Motion was filed by
counsel for JATCO. The Debtor said that JATCO's stated opposition
to the Debtor's request for an extension of exclusivity amounts to
nothing more than impermissible bootstrapping, pure and simple.
JATCO's refusal to relinquish its alleged judgment liens obtained
during the 90-day period immediately preceding the Debtor's
bankruptcy case that are subject to avoidance in the JATCO
Adversary.

The Debtor said that the requested extension has been narrowly
tailored in that, in the first instance, it is linked expressly to
the resolution of the JATCO Adversary.  Issues of claims allowance
and distribution priority as to JATCO's claims are squarely raised
in the JATCO Adversary and must be resolved prior to the Debtor
being in a position to propose and file a plan that meets all of
the requirements for plan confirmation.

According to the Debtor, resolution of the JATCO Adversary in favor
of the Debtor and its estate will clear the path to the Debtor
proposing and filing a confirmable Chapter 11 plan.  As JATCO
itself has observed, the Debtor needs to address JATCO's claim. The
Debtor has started the process of doing so through the JATCO
Adversary.

According to the Debtor, tabling the issue of allowance of JATCO's
claims for a moment, resolution of the distribution priority to
which JATCO's claims would otherwise be entitled would be
essential, therefore, to the Debtor's ability to satisfy the
requirements of, among other confirmation requirements, 11 U.S.C.
Sections 1122 and 1129(a)(1). Because this status, among other
issues involving JATCO's claim, remains to be determined in the
JATCO Adversary, the Debtor says it has been hamstrung in its
efforts to propose and file a plan that meets all of the
requirements Section 1129(a).

The Debtor said that until the Bankruptcy Court determines the
matters presented for adjudication as part of the JATCO Adversary,
the Debtor will not be in a position to propose and file a plan of
reorganization that meets all of the requirements of Section
1129(a).  As alleged by the Debtor in the JATCO Adversary, the
results of JATCO's race to the courthouse are avoidable under,
among other provisions of the U.S. Bankruptcy Code, Sections 547
and 549, and JATCO's refusal to relinquish its avoidable transfers
renders JATCO's claims in the Chapter 11 case subject to
disallowance in their entirety by operation of Section 502(d).
Either reclassification of JATCO's claims as general unsecured
claims or the outright disallowance of JATCO's claims in their
entirety by operation of Section 502(d) would clear the path for
Debtor to propose a confirmable Chapter 11 plan of reorganization.

            About Bishop Gorman Development Corporation

Bishop Gorman Development Corporation is a charitable organization
with its principal assets located at 5959 S. Hualapai Way, Las
Vegas, Nevada.  Bishop Gorman Development filed for Chapter 11
bankruptcy protection (Bankr. D. Nev. Case No. 17-11942) on April
17, 2017, estimating assets and liabilities between $100 million
and $500 million each.  Deacon Aruna Silva, executive director,
signed the petition.

Judge August B. Landis presides over the case.  Brett A. Axelrod,
Esq., at Fox Rothschild LLP serves as the Debtor's bankruptcy
counsel.  The Debtor hired Greenberg Traurig, LLP, as its special
litigation counsel, and Wallace Neumann & Verville, LLP, as its
accountant.


BREITBURN ENERGY: US Trustee Discloses Current Committee Members
----------------------------------------------------------------
The U.S. trustee for Region 2 disclosed in an Oct. 30 filing the
current members of the official committee of unsecured creditors in
the Chapter 11 cases of Breitburn Energy Partners, L.P. and its
affiliates.  

The committee members are:

     (1) Transpecto Transport Co.
         625 Market Street, Suite 200
         Shreveport, LA 71101
         Attn: Wallace L. Stanberry, President
         Tel: (318) 221-3957
         Email: wls@stanberry-transpecto.com

     (2) Wilmington Trust Company
         50 South Sixth Street, Suite 1290
         Minneapolis, MN 55402
         Attn: Peter F. Finkel, Vice President
         Tel: (612) 217-5629
         Email: pfinkel@wilmingtontrust.com

     (3) Ronald Jay Lichtman
         155 East 55th Street
         New York, NY 10022
         Tel: (845) 292-8083
         Email: rjlesq@mindspring.com

The U.S. Trustee originally appointed Ares Special Situations Fund
IV, L.P. C/O Ares Management LLC; BPC UKI LP C/O Beach Point
Capital Management; and Wexford Spectrum Investors, LLC, as members
of the Creditors' Committee.  The U.S. Trustee then also appointed
Transpecto Transport Co. and Wilmington Trust Company as Committee
members.

                   About Breitburn Energy

Breitburn Energy Partners LP 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 tapped Ray C Schrock, Esq., and Stephen Karotkin, Esq.,
at Weil Gotshal & Manges LLP, as bankruptcy counsel.  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.

An Official Committee of Unsecured Creditors been formed in the
case.  The Creditors Committee retained Milbank, Tweed, Hadley &
McCloy LLP as counsel.

A Statutory Committee of Equity Security Holders was also formed in
the case.  The Equity Committee is currently composed of seven
individual holders.  The Equity Committee retained Proskauer Rose
LLP as counsel.


BROTHERS MATERIALS: District Court Affirms Ch. 11 Plan Confirmation
-------------------------------------------------------------------
Judge Marina Garcia Marmolejo of the U.S. District Court for the
Southern District of Texas affirms the Bankruptcy Court's order
confirming Brothers Materials Ltd.'s Chapter 11 Bankruptcy Plan and
denies the Internal Revenue Service's appeal not to enforce the
Plan.

The thrust of the IRS's appeal is couched in jurisdictional terms.
It argues that the Bankruptcy Court did not have subject-matter
jurisdiction to enforce the Plan provisions allowing proceeds from
the Property's sale to be used to pay administrative expenses
before paying the IRS's claim. As a direct attack on the Bankruptcy
Court's subject-matter jurisdiction to enforce the Plan, the IRS's
argument must fail because the "Bankruptcy Court plainly ha[s]
jurisdiction to interpret and enforce its own prior orders." In
truth, the IRS must be arguing that the Plan cannot be enforced
because the Bankruptcy Court exceeded its jurisdiction when it
originally confirmed the Plan.

In the IRS's view, the Plan should not have been confirmed because
the Bankruptcy Court lacked subject-matter jurisdiction over the
Property, which is a non-estate asset owned by non-debtors, or
alternatively because it lacked jurisdiction to strip away the
IRS's secured interest in the Property. The IRS, however, did not
appeal the confirmation order on this ground (or any grounds for
that matter) and allowed it to become final. As a final judgment,
it is res judicata, and the IRS has failed to explain why the Court
should not give it the preclusive effect that confirmation orders
are normally entitled to.

The incontrovertible truth of this case is that the IRS did not
object to the Plan or directly appeal the confirmation order. Yet
when the Debtor filed a motion to enforce an unambiguous Plan
provision in the Bankruptcy Court, the IRS changed course,
asserting for the first time the Court's alleged lack of
jurisdiction to confirm the Plan. Thus, the Court agrees with the
Bankruptcy Court's holding that the time to make such a challenge
has long since passed and that its confirmation order was res
judicata.

The case is captioned BROTHERS MATERIALS LTD., A TEXAS LIMITED
PARTNERSHIP, Debtor, UNITED STATES OF AMERICA, Appellant, v.
BROTHERS MATERIALS LTD., A TEXAS LIMITED PARTNERSHIP, Appellee,
Civil Action No. 5:17-CV-0020 (S.D. Tex.).

A full-text copy of Judge Marmolejo's Memorandum and Order dated
Oct. 20, 2017, is available at https://is.gd/qLGWqH from
Leagle.com.

Brothers Material, Ltd., A Texas Limited Partnership, represented
by Carl Michael Barto.

UNITED STATES OF AMERICA, Appellant, represented by Thomas M.
Herrin, Department of Justice.

                About Brothers Materials, Ltd.

Brothers Materials, Ltd., based in Laredo, TX, filed a Chapter 11
petition (Bankr. S.D. Tex. Case No. 14-50121) on June 3, 2014.  The
Hon. David R Jones presides over the case.  Carl Michael Barto,
Esq., at the Law Office of Carl M. Barto is bankruptcy counsel.

In its petition, the Debtor estimated $4.66 million in assets and
$4.40 million in liabilities.  The petition was signed by Rogelio
Solis Jr., manager.


CAMBER ENERGY: Reports Results of Well Recompletions & Future Plans
-------------------------------------------------------------------
Camber Energy, Inc., announced that the recompletion of the 5th
well, in a six well recompletion program in the Coyle Field,
located in Payne County, Oklahoma, was completed on the 23rd of
October.  To date, actual recompletion costs are approximately 45%
below estimates, while production levels are significantly above
projections.  The 6th, and final well in the field, should be
completed within the next few days, commencing production by end of
month.

"Camber is currently negotiating a renewal of a long term purchase
agreement with its midstream buyer for all of the Coyle Field
production.  The contract is expected to include a stair step
incentive to the Company for higher volumes.  The Company
anticipates realizing a meaningful increase in revenues in the
coming weeks and months once the NGL dominate production in this
field is produced and sold downstream" stated Richard N. Azar II,
the interim CEO of Camber.  "The contract renewal should enhance
the Company's ability to maximize revenues and incentivizes to
actively move forward with a geologically sound drilling program."

The Coyle field is a Hunton formation de-watering program that
produces light oil, natural gas and abundant natural gas liquids.
Dewatering operations in the Coyle Field began in 1999.  According
to published reports, remaining gross Proved Developing Producing
(PDP) reserves are estimated to be approximately: 23,550 thousand
barrels of oil, 3,500 million cubic feet (MMcf) of gas and 813,710
barrels of Natural Gas Liquids (NGLs).  The wells in this field are
at an average depth of 4,500 feet, and vary with single and dual
laterals per well.  Sustained average total wellhead production
levels are expected to range from 2.3 to 3 million cubic feet per
day (MMcfd) with 1,525 average British Thermal Unit (BTU) gas.

                       About Camber Energy

Based in San Antonio, Texas, Camber Energy, Inc. (NYSE American:
CEI) -- http://www.camber.energy.com/-- is a growth-oriented,
independent oil and gas company engaged in the development of crude
oil, natural gas and natural gas liquids in the Hunton formation in
Central Oklahoma in addition to anticipated project development in
the San Andres formation in the Permian Basin.

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

Camber reported a net loss of $89.12 million on $5.30 million of
total net operating revenues for the year ended March 31, 2017,
compared to a net loss of $25.44 million on $968,146 of total net
operating revenues for the year ended March 31, 2016.  As of  March
31, 2017, Camber Energy had $39.85 million in total assets, $50.42
million in total liabilities and a total stockholders' deficit of
$10.56 million.

GBH CPAs, PC -- http://www.gbhcpas.com/-- in Houston, Texas,
issued a "going concern" opinion on the consolidated financial
statements for the year ended March 31, 2017, citing that the
Company has incurred significant losses from operations and had a
working capital deficit at March 31, 2017.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern, the auditors said.


CANNABIS SCIENCE: Files Lawsuit Over Hemp Harvest Raid
------------------------------------------------------
Cannabis Science, Inc., along with its partners Winnemucca Shosoni,
MBS, American States University, Free Spirit Organics and HRM
Farms, filed a complaint in the U.S. District Court for the Eastern
District of California against San Joaquin County Board of
Supervisors; San Joaquin County Counsel; Erin Hiroko Sakata; Miguel
Villapudua; Katherine Miller; Tom Patti; Bob Elliott; Chuck Winn;
San Joaquin County District Attorney; San Joaquin County Sheriff;
Drug Enforcement Administration and Does 1-50.

The Complaint was filed in response to defendants entering onto the
Plaintiffs' property and seizing their industrial hemp harvest and
alleges: (1) Violation of Supremacy Clause/Preemption [U.S. Const.
art. VI, cl. 2]; (2) Unconstitutional Vagueness [U.S. Const. am. 5,
14]; (3) Unlawful Bill of Attainder/Ex Post Facto [U.S. Const. art.
I, Section 9, cl. 3]; (4) Violation of Fifth Amendment - Procedural
Due Process; and, (5) Violation of Fourth Amendment - Unlawful
Seizure [42 U.S.C. Section 1983].  The Complaint requests for the
following:

   - Temporary Restraining Order/Immediate Stay of Enforcement;
   - Return of Property Seized;
   - Preliminary Injunction;
   - Permanent Injunction;
   - Declaration re: Ordinance Is Void;
   - Declaration re: Search Warrant Is Void;
   - Declaration re: Seizure Was Unlawful;
   - Compensatory Damages; and
   - Punitive Damages.

The Complaint alleges that the Defendants: (a) drafted San Joaquin
County Ordinance 4497 specifically to criminalize the Plaintiffs
existing industrial hemp harvest; (b) determined the Plaintiffs
violated the Ordinance; and, (c) enforced it by seizing the
Plaintiffs' grow, with an estimated value of US $77 Million,
without affording them an opportunity to meaningfully present their
arguments to a judge or other neutral fact finder.  The Plaintiffs
further contend that the Defendants committed this violation of the
separation of powers in the form of an emergency ordinance so the
Plaintiffs would not have enough notice or opportunity to become
compliant and based on a multitude of inaccurate facts.  The
Plaintiffs contend that they have all of the required permits,
exemptions, approvals and authorizations necessary, but,
regardless, these actions are unconstitutional. The Company will
provide further updates once available.

                    About Cannabis Science

Cannabis Science, Inc., was incorporated under the laws of the
State of Colorado, on Feb. 29, 1996, as Patriot Holdings, Inc.
Cannabis is at the forefront of medical marijuana research and
development.  The Company works with world authorities on
phytocannabinoid science targeting critical illnesses, and adheres
to scientific methodologies to develop, produce, and commercialize
phytocannabinoid-based pharmaceutical products.

Cannabis reported a net loss of $10.19 million on $9,263 of revenue
for the year ended Dec 31, 2016, compared with a net loss of $19.14
million on $44,227 revenue for the year ended Dec. 31, 2015.  As of
June 30, 2017, Cannabis had $2.69 million in total assets, $5.22
million in total liabilities and a $2.53 million total
stockholders' deficit.

Turner, Stone & Company, L.L.P., issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016.  The auditors noted that the Company has
suffered recurring losses from operations since inception, has a
working capital deficiency and will need to raise additional
capital to fund its business operations and plans.  Furthermore,
there is no assurance that any capital raise will be sufficient to
complete the Company's business plans.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


CAPSTONE PEDIATRICS: December 19 Plan Confirmation Hearing
----------------------------------------------------------
On May 2, 2017, Capstone Pediatrics, PLLC filed its First Amended
Plan of Reorganization and Amended Disclosure Statement. Dr. Eddie
Hamilton, a creditor in this case, filed an objection to the
Debtor's Disclosure Statement

On September 27, 2017, the Debtor and Dr. Hamilton submitted a
Notice of Resolution of Objection to Disclosure Statement. On the
same date, the Debtor also submitted a Revised First Amended Plan
of Reorganization, which reflected changes from the Debtor's
Omnibus Amended Disclosure Statement.

Accordingly, Judge Randal S. Mashburn of the U.S. Bankruptcy Court
for Middle District of Tennessee approved the Disclosure Statement
and scheduled a hearing on confirmation of the Plan to be held on
December 19, 2017 at 9:00 a.m.

The last day for filing written acceptances or rejections of the
Plan will be on December 8, 2017.

December 8, 2017 is also fixed as the last day for filing and
serving written objections to confirmation of the Plan.

Counsel for the Debtor:

            R. Alex Payne, Esq.
            Griffin S. Dunham, Esq.
            DUNHAM HILDEBRAND, PLLC
            1704 Charlotte Avenue, Suite 105
            Nashville, Tennessee 37203
            Telephone: 629.777.6529
            Email: alex@dhnashville.com

                     About Capstone Pediatrics

Capstone Pediatrics, PLLC, aka Centennial Pediatrics, is a
physician-owned pediatric practice headquartered in Nashville,
Tennessee.  The Company was formerly known as Centennial
Pediatrics.  It was acquired by Dr. Gary Griffieth and his sister,
Winnie Toler, in late 2013 from Dr. Edward Hamilton, who was
convicted on a misdemeanor fraud.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. M.D.
Tenn. Case No. 15-09031) on Dec. 18, 2015, estimating its assets at
between $1 million and $10 million and liabilities at between $10
million and $50 million.  The petition was signed by Gary G.
Griffieth, chief executive officer.  Judge Randal S. Mashburn
presides over the case. Griffin S Dunham, Esq., at Emerge Law PLC
serves as the Debtor's bankruptcy counsel.


CAROLINA MOLD: Bankr. Administrator Seeks Chapter 11 Trustee
------------------------------------------------------------
The U.S. Bankruptcy Administrator filed a motion asking the U.S.
Bankruptcy Court for the Middle District of North Carolina for an
appointment of a Chapter 11 trustee in the case of Carolina Mold &
Machining, Inc.

The BA contends that the best way to sell the assets of the Debtor
may be as a going concern. The appointment of a trustee would allow
an independent assessment of the Debtor's assets and value as a
going concern while allowing the Debtor to continue to operate in
the ordinary course of its business. Such an appointment would be
in the interests of creditors, any equity security holders, and
other interests of the estate, without regard to the number of
holders of securities of the Debtor or the amount of assets or
liabilities of the Debtor. Further, in the process of winding up
the affairs of the Debtors, a period of limited operations under
the supervision of a trustee may be advantageous.

Thus, cause exists to appoint a Chapter 11 trustee in this case and
such an appointment would facilitate a trustee negotiating and
recommending a possible sale of the Debtor as a going concern or a
conversion or dismissal of the case.

US Bankruptcy Administrator:

     William P. Miller, State Bar No. 9364
     101 S. Edgeworth Street
     Greensboro, NC 27401
     (336) 358-4170

                    About Carolina Mold

Carolina Mold and Machining, Inc., was founded in 1994 by Rodney
Marion and James Hoague. Originally Carolina Mold was a mold
manufacturer, mold repair and mold modification facility.  As the
industry changed, most new molds are being built offshore.  As such
the business has changed to mostly service repairs and engineering
changes, while still manufacturing some new molds.  The company's
financial situation stems from Rodney Marion turning over the day
to day operations of the business to his son.  This has caused the
Company to fall significantly behind on taxes due to the Internal
Revenue Service.  Rodney Marion is currently in charge of all
operations and as such the business is improving to the point
necessary to be profitable.

Carolina Mold & Machining, Inc., sought protection under Chapter 11
of the Bankruptcy Code (Bankr. M.D.N.C. Case No. 17-10001) on Jan.
1, 2017.  Rodney Marion, president, signed the petition.

The Debtor disclosed $660,978 in assets and $1.48 million in
liabilities.

The Debtor is represented by Dirk W. Siegmund, Esq., at Ivey,
McClellan, Gatton & Siegmund, LLP.  

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


CATALYST LIFESTYLES: Case Summary & 16 Unsecured Creditors
----------------------------------------------------------
Debtor: Catalyst Lifestyles Sport Resort, LLC
        6089 S Dune Harbor Dr
        Portage, IN 46368

Type of Business: Catalyst Lifestyles Sport Resort is a private
                  development group behind the proposed
                  development of a sport resort in Portage,
                  Indiana.  The company owns in fee simple
                  interest approximately 170 acres of undeveloped
                  ground located at Stagecoach Road and Marine Dr,

                  Portage, IN 464368, valued at $17 million.

Chapter 11 Petition Date: October 31, 2017

Case No.: 17-23131

Court: United States Bankruptcy Court
       Northern District of Indiana (Hammond Division)

Judge: Hon. James R. Ahler

Debtor's Counsel: KC Cohen, Esq.
                  KC COHEN, LAWYER, PC
                  151 N. Delaware Street, Ste 1106
                  Indianapolis, IN 46204-2573
                  Tel: (317) 715-1845
                  Email: kc@esoft-legal.com
                         kc@smallbusiness11.com

Debtor's
Chief
Restructuring
Officer:          Clifford T. Fleming
                  President of Tara Development Corporation

Total Assets: $17.0 million

Total Debts: $6.67 million

The petition was signed by Clifford T. Fleming, chief restructuring
officer.  A full-text copy of the petition is available for free
at:

           http://bankrupt.com/misc/innb17-23131.pdf

Debtor's List of 16 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Abonmarche                        Services on Account    $21,382

Bernadette Folke                   Convertible Note     $100,000

BLK Investment                     Convertible Note     $200,000
Management LLC

Bradley J. Whitmore                Convertible Note     $100,000

Bruce Dawson                       Convertible Note     $100,000

Derek M. & Shannon Lee             Convertible Note     $100,000

Diana J. Karnia                    Convertible Note      $75,000

Hoeppner Wagner & Evans LLP       Services on Account    $27,567

Ice Miller LLP                    Services on Account    $31,544

Jane Maxwell                       Convertible Note     $100,000

John Reid Jr. Living               Convertible Note     $150,000
Trust 9-12-2005

Linnea J. Bensz                    Convertible Note     $100,000

Samuel E. & Susan A. Tipton        Convertible Note     $550,000
4433 E 83rd Avenue
Merrillville, IN 46410

Tanzillo Stassin & Babcock P.C.   Services on Account    $11,795

Thomas O. & Lisa O. Noak           Convertible Note     $100,000

William & Theresa McGarry           Unsecured Note      $100,000


CENTURYLINK INC: Moody's Lowers CFR to Ba3; Outlook Negative
------------------------------------------------------------
Moody's Investors Service has downgraded CenturyLink, Inc.'s
corporate family rating (CFR) to Ba3 from Ba2, downgraded its
senior unsecured rating to B2 from Ba3, and confirmed its senior
secured rating at Ba3. The downgrade reflects CenturyLink's higher
leverage related to its imminent acquisition of Level 3
Communications, Inc. (Level 3).

Moody's projects that CenturyLink's leverage will rise to 4.6x (pro
forma, Moody's adjusted) following the deal close and remain high
for several years due to debt incurred to finance the acquisition
of Level 3 and CenturyLink's deteriorating operating performance.
CenturyLink's declining revenues and margin pressure will be a
headwind to EBITDA growth and its high capital intensity and high
dividend payout will consume most of its cash flow. The combination
with Level 3 will improve CenturyLink's scale, market position and
benefit its growth profile. But, these benefits are outweighed by
the deterioration in credit metrics and CenturyLink's weak
operating trends.

The senior unsecured ratings of Qwest Corporation and Embarq
Corporation were downgraded to Ba2 from Ba1. The senior unsecured
rating of Centel Capital Corp was downgraded to Ba2 from Ba1 and
the first mortgage bonds of Embarq Florida were confirmed at Baa3.
Moody's also raised CenturyLink's Speculative Grade Liquidity (SGL)
rating to SGL-2 from SGL-3 reflecting good liquidity supported by
modest free cash flow and no meaningful debt maturities over the
next 12 months.

As part of this action, Moody's has upgraded the senior unsecured
rating of Level 3 Communications, Inc. to B1 from B2, upgraded
Level 3 Financing, Inc.'s senior unsecured rating to Ba3 from B1
and affirmed its senior secured rating at Ba1. Upon completion of
the acquisition, Moody's will withdraw the CFR, probability of
default rating and SGL rating of Level 3 Communications, Inc.

This concludes the review initiated on October 31, 2016. The
outlook for all ratings is negative, reflecting the accelerated
revenue decline of CenturyLink's core strategic and legacy
segments, which has experienced margin compression and top line
weakness due to heightened competition from wireline and cable
peers. Moody's expects the current competitive environment to
persist and believes that merger synergies may not fully offset the
company's weak fundamental trends.

Downgrades:

Issuer: Centel Capital Corp.

-- Senior Unsecured Regular Bond/Debenture, Downgraded to Ba2
    (LGD 3) from Ba1 (LGD 3)

Issuer: CenturyLink, Inc.

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

-- Corporate Family Rating, Downgraded to Ba3 from Ba2

-- Senior Unsecured Regular Bond/Debenture, Downgraded to B2 (LGD

    5) from Ba3 (LGD 5)

Issuer: Embarq Corporation

-- Senior Unsecured Regular Bond/Debenture, Downgraded to Ba2
    (LGD 3) from Ba1(LGD 3)

Issuer: Mountain States Telephone and Telegraph Co.

-- Senior Unsecured Regular Bond/Debenture, Downgraded to Ba2
    from Ba1

Issuer: Northwestern Bell Telephone Company

-- Senior Unsecured Regular Bond/Debenture, Downgraded to Ba2
    from Ba1

Issuer: Qwest Corporation

-- Senior Unsecured Regular Bond/Debenture, Downgraded to Ba2
    (LGD 3) from Ba1 (LGD 3)

-- Senior Unsecured Shelf, Downgraded to (P)Ba2 from (P)Ba1

Upgrades:

Issuer: CenturyLink, Inc.

-- Speculative Grade Liquidity Rating, Upgraded to SGL-2 from
    SGL-3

Issuer: Level 3 Communications, Inc.

-- Senior Unsecured Regular Bond/Debenture, Upgraded to B1 (LGD
    5) from B2 (LGD 6)

Issuer: Level 3 Escrow II, Inc.

-- Senior Unsecured Regular Bond/Debenture, Upgraded to Ba3
    (LGD 4) from B1 (LGD 5)

Issuer: Level 3 Financing, Inc.

-- Senior Unsecured Regular Bond/Debenture, Upgraded to Ba3 (LGD
    4) from B1 (LGD 5)

Confirmations:

Issuer: CenturyLink, Inc.

-- Senior Secured Bank Credit Facility, Confirmed at Ba3 (LGD 4)

Issuer: Embarq Florida, Inc.

-- Senior Secured First Mortgage Bonds, Confirmed at Baa3 (LGD 2)

Affirmations:

Issuer: Level 3 Financing, Inc.

-- Senior Secured Bank Credit Facility, Affirmed Ba1 (LGD2)

Outlook Actions:

Issuer: Centel Capital Corp.

-- Outlook, Changed To Negative From Rating Under Review

Issuer: CenturyLink, Inc.

-- Outlook, Changed To Negative From Rating Under Review

Issuer: Embarq Corporation

-- Outlook, Changed To Negative From Rating Under Review

Issuer: Embarq Florida, Inc.

-- Outlook, Changed To Negative From Rating Under Review

Issuer: Level 3 Communications, Inc.

-- Outlook, Changed To Negative From Stable

Issuer: Level 3 Financing, Inc.

-- Outlook, Changed To Negative From Stable

Issuer: Mountain States Telephone and Telegraph Co.

-- Outlook, Changed To Negative From Rating Under Review

Issuer: Northwestern Bell Telephone Company

-- Outlook, Changed To Negative From Rating Under Review

Issuer: Qwest Corporation

-- Outlook, Changed To Negative From Rating Under Review

RATINGS RATIONALE

CenturyLink's Ba3 CFR reflects its predictable cash flows, its
broad base of operations and strong market position further
enhanced by its acquisition of Level 3. In addition, CenturyLink
has consistently invested into its network at a level above its
peer group average, which demonstrates a commitment to its long
term competitive position. These positives are offset by high
leverage, weak revenue and EBITDA trends exacerbated by a highly
competitive environment and secular industry challenges and a high
dividend payout that consumes the majority of excess cash flow.
Management's growing tolerance for higher leverage as evidenced by
debt-financed M&A also weighs on the rating.

Moody's expects CenturyLink's leverage (Moody's adjusted) to remain
above 4x for several years due to modest revenue declines,
continued margin pressure despite synergies that will be realized
from integrating Level 3, large dividends and high capital
intensity. Pro-forma for the transaction, Moody's projects leverage
(Moody's adjusted) to increase from 3.8x as of June 30, 2017
(excluding $6 billion of term loan debt held in escrow) to 4.6x
(Moody's adjusted) pro forma but excluding synergies. Management's
planned $850 million of cost synergies would result in 0.35x of
leverage improvement as they are realized, and the company expects
to achieve 80% of this amount over a three year period. However,
CenturyLink's recent results have been weak and suggest that the
forecasted synergies may be partially offset by declining revenues
such that leverage may not fall as expected.

The negative outlook reflects the recent acceleration of revenue
decline within CenturyLink's core strategic and legacy segments.
Moody's expects the current competitive environment to persist,
which could prevent CenturyLink from returning to growth and
improving leverage.

Moody's could downgrade CenturyLink's corporate family rating to B1
if leverage (Moody's adjusted) remains above 4.25x or free cash
flow turns negative, or if capital investment is reduced to levels
that could weaken the company's competitive position.

Moody's could upgrade CenturyLink's corporate family rating to Ba2
if leverage (Moody's adjusted) can be sustained below 3.75x and
free cash flow to debt was in the high single digit percentage
range.

Moody's expects CenturyLink to have a good liquidity profile over
the next twelve months, reflected by its SGL-2 rating and supported
by $250 million to $300 million of after dividend free cash flow
and no material near term debt maturities. At the end of 2Q'17,
CenturyLink had $342 million in cash, a $2 billion credit facility,
and $6 billion in restricted cash related to the Level 3 financing
transaction.

CenturyLink's new $2.0 billion senior secured revolving credit
facility expires in June 2022. With respect to the term loan A
facilities and the revolver, the credit agreement requires
CenturyLink to maintain a total leverage ratio of not more than 5x
between the closing date of the Level 3 acquisition and two years
thereof and 4.75x thereafter and a minimum consolidated interest
coverage ratio of at least 2x. The term loan B facility is not
subject to the leverage maintenance or interest coverage covenant.
Moody's estimate CenturyLink will remain comfortably in compliance
with the total leverage ratio and interest coverage ratio for the
next 12 to 18 months. Moody's expects CenturyLink to maintain at
least $1.5 billion of availability under its revolver over the next
twelve to eighteen months.

The ratings for the debt instruments comprise both the overall
probability of default of CenturyLink, to which Moody's maintain a
PDR of Ba3-PD, the average family loss given default assessment and
the composition of the debt instruments in the capital structure.

CenturyLink's corporate structure will increase in complexity
following the deal close, with two layers of debt
(secured/unsecured) at the holding company (CenturyLink, Inc.)
level and three main operating company credit pools (Qwest, Embarq
and Level 3) with multiple classes of debt within each.

At the holding company level, Moody's rates the company's secured
credit facility Ba3 and unsecured notes B2. CenturyLink's senior
secured credit facilities, including its revolver and term loans,
are rated Ba3 (LGD4), reflecting their senior position ahead of
CenturyLink's unsecured debt. The senior secured credit facilities
are guaranteed by the new holding company of Level 3, Qwest
Communications International Inc. (QCII), Qwest Services Corp.
(QSC), Qwest Capital Funding, Inc. (QCF) and Embarq Corp. (Embarq).
The credit facility also benefits from a pledge of stock of Level 3
Communications Inc., QCF and QSC. The B2 (LGD5) senior unsecured
rating of CenturyLink Inc. reflects its junior position in the
capital structure and the significant amount of senior debt,
including CenturyLink's $10 billion secured credit facility, $10.5
billion of debt at Level 3, $7.4 billion of debt at Qwest Corp.
(QC), $1 billion of debt at QCF, and $1.8b of debt at Embarq and
its subsidiaries.

The senior unsecured debt of QC, the company's largest operating
subsidiary, is rated Ba2 (LGD3) based on its structural seniority
and relatively low leverage of around 2x (Moody's adjusted) as of
June 30, 2017. Moody's note that CenturyLink has historically
refinanced maturing debt at QC at this entity. Consequently,
leverage at QC could increase over the next few years, since
Moody's expect its EBITDA to face pressure. The $1 billion of
senior unsecured debt of QCF, which is guaranteed by QCII, is
unrated due to the lack of QCII audited financial statements and no
guarantees provided by CenturyLink. QCF has an intermediate
position in the capital structure between QC and CenturyLink, Inc.

The senior unsecured notes of Level 3 Communications, Inc. are
rated B1 (LGD5) reflecting their junior position in the Level 3
credit pool. The senior unsecured notes of Level 3 Financing, Inc.
(LFI) are rated Ba3 (LGD4), reflecting their structural seniority
to Level 3 Communications, Inc., and junior position relative to
LFI's senior secured bank credit facility that is rated Ba1 (LGD2).
Leverage within the Level 3 credit pool was around 4x (Moody's
adjusted) as of June 30, 2017.

The senior unsecured debt of Embarq is rated Ba2 (LGD3), reflecting
a structurally senior (relative to CenturyLink) claim on the assets
of Embarq, which had leverage of around 1x as of June 30, 2017. The
senior secured debt of Embarq's operating subsidiary, Embarq
Florida, Inc., is rated Baa3 (LGD2). The senior unsecured debt of
Centel Capital Corporation is rated Ba2 (LGD3), in line with the
unsecured debt at its guarantor, Embarq Corp.

The principal methodology used in these ratings was
Telecommunications Service Providers published in January 2017.


CHARLES K. BRELAND: Bid to Limit Authority of Ch. 11 Trustee Nixed
------------------------------------------------------------------
Judge Jerry C. Oldshue of the U.S. Bankruptcy Court for the
Southern District of Alabama entered an order denying Charles K.
Breland's motion for entry of a stay limiting the authority of the
Chapter 11 trustee pending appeal.

On July 5, 2017, the Debtor appealed the Court's order appointing a
Chapter 11 trustee on the grounds that doing so in an individual
Chapter 11 case violates the Thirteenth Amendment of the United
States Constitution.  The Debtor requests this stay on the grounds
that appellate reversal of this Court's order of appointment of a
Chapter 11 trustee will result in the trustee never having had
authority to enter into estate transactions as a trustee in the
Debtor's case. Because of this potential reversal of authority,
Debtor requests that the trustee be prohibited from entering into
"any transactions regarding settlements with creditors in the case
or with respect to sales of significant assets without the prior
written consent of the Debtor."

The granting of a motion to stay pending appeal is an "exceptional
response granted only upon a showing of four factors: (1) that the
movant is likely to prevail on the merits on appeal; (2) that
absent a stay the movant will suffer irreparable damage; (3) that
the adverse party will suffer no substantial harm from the issuance
of the stay; and (4) that the public interest will be served by
issuing the stay."

With no legal or factual support sufficient to demonstrate that
Debtor has a substantial likelihood of success on the merits on
appeal, and given Debtor's own admission that a liquidation plan is
most likely to be proposed, the Court finds that Debtor has failed
to carry his burden on the first factor.

The Debtor has also failed to prove how he will be irreparably
harmed by the Trustee's actions when Congressional and
constitutional due process safeguards are in place through the
Bankruptcy Code and United States Constitution to protect him from
any such alleged abuse of authority.

Because Debtor has asserted from the inception of this case that
his estate is solvent but illiquid and that a liquidation plan
would eventually be proposed to pay all creditors in full, the
Court finds that halting the administration of Debtor's estate
pending appeal would harm adverse parties.

A full-text copy of Judge Oldshue's Order dated Oct. 25, 2017, is
available at:

     http://bankrupt.com/misc/alsb16-02272-769.pdf

                   About Charles Breland Jr.

Charles K. Breland filed for Chapter 11 bankruptcy protection
(Bankr. S.D. Ala. Case No. 16-02272) on July 8, 2016, and is
represented by Eric Slocum Sparks, Esq. of Eric Slocum Sparks PC.
A. Richard Maples, Jr. was appointed as Chapter 11 trustee for the
Debtor.


CHELSEA CRAFT: DOJ Watchdog Directed to Appoint Chapter 11 Trustee
------------------------------------------------------------------
Judge Sean H. Lane of the U.S. Bankruptcy Court for the Southern
District of New York grants the motion of the General Partners of
Chelsea Craft Brewing Company, LLC to appoint a chapter 11
operating trustee in the case of Chelsea Craft.

The U.S. Trustee is directed to appoint a Chapter 11 trustee, with
all of the rights, powers, and duties authorized under 11 U.S.C.
sections 1104 and 1106.

              About Chelsea Craft Brewing Company

Chelsea Craft Brewing Company, LLC operates a craft brewery and
taproom located at 463 East 173rd Street, Bronx, New York.  It is
approximately 10,000 square feet in size and the existing lease has
seven years remaining on its terms with a right to renew for an
additional five years.

An involuntary Chapter 7 bankruptcy petition was filed against the
Debtor (Bankr. S.D.N.Y. Case No. 17-11459) on May 25, 2017.  The
petitioning creditors Valerie Alexander, Bart Alexander, Joanne
Perona and Barbara A. Phelps are represented by Michael T. Sucher,
Esq.

Judge Sean H. Lane, who presides over the case, entered an order
for relief on July 28, 2017.  The court also entered an order
converting the case to Chapter 11.

The Debtor hired Morrison Tenenbaum, PLLC as its bankruptcy counsel
and Pick & Zabicki LLP as its special transactions counsel.


CONTINENTAL CASUALTY: Moody's Affirms (P)Ba1 Pref. Shelf Rating
---------------------------------------------------------------
Moody's Investors Service has upgraded the insurance financial
strength (IFS) ratings of Continental Casualty Company and members
of its intercompany pool to A2 from A3. In the same action, Moody's
has affirmed the debt ratings of CNA Financial Corporation (NYSE:
CNA; senior unsecured at Baa2). The outlook for the ratings is
stable.

RATINGS RATIONALE

According to Moody's, the upgrade of Continental Casualty Company
and its property/casualty insurance affiliates reflects
profitability improvement, particularly in its core commercial
insurance operations coupled with strong capital adequacy, which
can withstand significant stress scenarios. Moody's further noted
that CNA's specialty insurance operations continue to perform well,
and remain the group's most significant contributor to earnings and
internal capital generation. CNA has strengthened its underwriting
profitability in the group's commercial segment - including
reducing claim volatility and shedding less profitable accounts in
order to improve price-adequacy and claim-handling efficiency. The
underlying combined ratio for the segment, excluding catastrophes
and reserve development, has improved meaningfully to 96.3% in 2017
year-to-date from 98.5% for the same period in 2016, from above
100% in some prior years. Although catastrophe losses from
Hurricanes Harvey and Irma contributed to an overall
property/casualty underwriting loss for CNA's third quarter, net
income for the quarter was positive and year-to-date underwriting
results remained profitable through September.

CNA's discontinued long term care insurance operations will remain
a significant component of the group's balance sheet and risk
profile, and Moody's noted that this long duration portfolio, with
its attendant sensitivity to interest rates, inflation, morbidity,
mortality and persistency assumptions, will remain capital
intensive. CNA continues to file for and obtain rate increases,
which have generally kept pace with recent loss trends but claim
trends can be highly sensitive to the changing costs of care and
utilization dynamics, and future rate increases may or may not be
sufficient to keep pace. However, the rating agency believes that
CNA's capitalization and enhanced operational processes, as it has
taken the claims processing in-house, will help absorb long-term
volatility from this line of business.

The affirmation of CNA Financial's senior Baa2 debt rating
primarily reflects structural subordination of the holding
company's creditors relative to the policyholder obligations of
Continental Casualty Company and its affiliated insurers, as well
as the application of standard notching between the subsidiaries'
IFS ratings and the parent's senior debt rating. Although Moody's
views Loews Corporation (senior debt at A3 stable) as being a
supportive parent company for CNA, the proximity of the two holding
companies' ratings, together with the fact that CNA Financial
itself is a significant source of credit strength for Loews,
mitigates potential further benefit for CNA Financial's
debt-holders, in Moody's view.

The A2 IFS ratings of Continental Casualty Company and its
affiliated are based on the company's major presence in US
commercial and specialty insurance, its profitable specialty
insurance operations and improving core commercial business, good
risk-adjusted capitalization, sound liquidity and dividend
capacity, and the historically stable and supportive parentage in
Loews Corporation. These credit strengths are tempered in part by
stiff competitive conditions in the group's commercial insurance
segments -- in part given the group's higher cost structure
relative to some of its industry peers, by intrinsic earnings
volatility within the company's runoff lines of business (primarily
long term care), including exposures to continued low interest
rates, mortality, morbidity and long term policyholder lapse
behavior, and by intrinsic claim reserve volatility associated with
long-term casualty business. The ratings also consider CNA's
underwriting exposures to natural and man-made catastrophes, though
lower than more property-focused insurers.

Factors that could lead to an upgrade include the following: 1)
sustained improved underwriting performance (e.g. combined ratios
in the low 90% range or below) in commercial insurance, together
with continued strong profitability in the group's specialty
insurance segment; 2) consolidated earnings coverage above 7x; and
3) significant de-risking or diminished size of long term care
portfolio. Conversely, factors that could lead to an downgrade
include the following: 1) a non-temporary decline in shareholders'
equity of 10% or more (with adjustments for variability in
unrealized investment gains/losses); 2) overall combined ratio
consistently above 100%, and/or sustained earnings coverage below
4x; 3) adjusted financial leverage in excess of 30%; 4) annual
adverse reserve development in excess of 3% of total reserves; or
5) a downgrade of Loews Corporation by more than one notch, or
dividend payments by CNA's insurance subsidiaries to CNA Financial
Corporation significantly in excess of the insurer's run-rate
earnings.

The following insurance financial strength ratings have been
upgraded:

American Casualty Company of Reading, Pennsylvania - to A2 from
A3;

Columbia Casualty Company - to A2 from A3;

Continental Casualty Company - to A2 from A3;

Continental Insurance Company - to A2 from A3;

Continental Insurance Company of New Jersey - to A2 from A3;

National Fire Insurance Company of Hartford - to A2 from A3;

Transportation Insurance Company - to A2 from A3;

Valley Forge Insurance Company - to A2 from A3.

The following debt and shelf ratings have been affirmed:

CNA Financial Corporation - senior unsecured at Baa2; senior
unsecured shelf at (P)Baa2; subordinated shelf at (P)Baa3; junior
subordinated shelf at (P)Baa3; preferred shelf at (P)Ba1.

The outlook for the ratings is stable.

CNA Financial Corporation is an insurance holding company that is
principally engaged in providing domestic and international P&C
insurance and ranks among the 15 largest P&C insurers in the US.
CNA Financial Corporation is approximately 90% owned by Loews
Corporation. For the first nine months of 2017, CNA Financial
Corporation reported net income of $676 million and total revenues
of $7.1 billion. As of September 30, 2017, the company reported
total invested assets of $46.7 billion and shareholders' equity of
$12.2 billion.

The principal methodology used in these ratings was Global Property
and Casualty Insurers published in May 2017.


CUZCO DEVELOPMENT: Court Allows Yedang USA's Unsecured Claim
------------------------------------------------------------
On Sept. 19-22, 2017, the trial for the adversary proceeding
captioned CUZCO DEVELOPMENT U.S.A., LLC, Plaintiff, v. YEDANG
ENTERTAINMENT USA, INC., Defendant, Adv. Pro. No. 16-90032 (Bankr.
D. Haw.), and an evidentiary hearing on the plaintiff's objection
to the defendant's proof of claim in the main bankruptcy case was
conducted.

Cuzco USA commenced the adversary proceeding on July 19, 2016, to
avoid the Yedang USA leases.  Yedang USA filed an answer on August
19, 2016, and a counterclaim for breach of the leases, breach of
the implied covenant of good faith and fair dealing, trespass,
fraud, unjust enrichment, conversion, interference with prospective
economic advantage, and for declaratory and injunctive relief.

Yedang USA also filed, in the main bankruptcy case, a proof of
claim asserting claims of (a) $2,700,000 for the Supermarket Lease,
(b) $525,000 for early termination of the Retail Shops Lease, and
(c) $1,184,2405 for money lent to Cuzco USA plus $328,861.83 of
prepetition interest. The trial included Yedang USA's counterclaim
in this adversary proceeding and Cuzco USA's objection to Yedang
USA's proof of claim filed in the main case.

Yedang USA asserts an unsecured claim in the amount of $1,393,705,
based on its advances to Cuzco USA. Cuzco USA does not deny that it
received this amount of money from Yedang USA.

Cuzco USA offered no legal argument for the proposition that the
loans can or should be recharacterized as capital contributions.
Similarly, Cuzco USA offered no legal argument for the proposition
that the Yedang USA loans should be subordinated to other claims.
Because Cuzco USA has argued in the main case that it has
sufficient assets to pay all claims in full, subordination of the
Yedang USA claims would serve no purpose since they would be paid
in full in any event. The portion of Yedang USA's claim based on
the loans is an allowed unsecured claim.

Regarding the other claims, the Court holds that Yedang USA's
wrongful termination damages claim under the Supermarket Lease
should be disallowed. Yedang USA is also not entitled to recover
the lease premium under the Retail Shops Lease, and its claim for
that amount should be disallowed. Further, Yedang USA failed to
prove its claim for punitive damages. That portion of the claim
should be also be disallowed.

The bankruptcy case is in re: CUZCO DEVELOPMENT U.S.A., LLC,
Chapter 11, Debtor, Case No. 16-00636 (Bankr. D. Haw.).

A full-text copy of Judge Faris' Decision dated Oct. 20, 2017, is
available at https://is.gd/deJt5c from Leagle.com.

Cuzco Development U.S.A., LLC, Debtor, represented by Chuck C.
Choi, CHOI & ITO -- cchoi@hibklaw.com -- and Allison A. Ito --
aito@hibklaw.com -- CHOI & ITO.

Office of the U.S. Trustee, U.S. Trustee, represented by Curtis B.
Ching, Office of The United States Trustee.

                About Cuzco Development

Cuzco Development U.S.A., LLC, sought protection under Chapter 11
of the U.S. Bankruptcy Code (Bankr. D. Hawaii Case No. 16-00636) on
June 20, 2016.

The petition was signed by Kay Nakano, responsible individual. The
case is assigned to Judge Robert J. Faris.

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

The confirmation hearing on the Debtor's plan of reorganization is
on Feb. 13, 2017.  The TCR reported on Dec. 23, 2016, that Judge
Faris approved the Debtor's first amended disclosure statement for
its Chapter 11 plan of reorganization, dated Dec. 5, 2016, which
proposed that the holder of an allowed general unsecured claims
receive on account of its claim in full and complete satisfaction,
discharge and release thereof: 100% of their allowed claims with
post-petition interest at 3% simple interest per annum paid in
full within 30 days after the Refinance deadline.


DAVE 60 NYC: Seeks February 19 Plan Filing Exclusivity Extension
----------------------------------------------------------------
Dave 60 NYC Inc. requests the U.S. Bankruptcy Court for the
Southern District of New York to extend the time within which (a)
the Debtor has the exclusive right to file a plan of reorganization
by 90 days through February 19, 2018; and (b) the Debtor must file
its plan and disclosure statement (if any) by 90 days through and
including February 19, 2018.

The current Exclusivity Period expires on November 20, 2017.  This
is the Debtor's fourth request for an extension of the Exclusivity
Period.

The Debtor seeks the requested extension to ensure that the Court,
the Debtor and other parties in interest are not distracted by the
filing of any competing or premature plans. The Debtor believes
that the requested extension will promote the orderly
reorganization of the Debtor without the need to devote unnecessary
time, money and energy to defending against or responding to a
competing plan or filing a plan before it is ready.

Since the Debtor's previous motion to extend the Exclusivity
Period, the Debtor tells the Court that it continues to wait for
the District Court to approve a settlement resolving its
prepetition class action lawsuit based on wage claims from certain
prepetition claims.

While the Bankruptcy Court has approved the settlement, the
District Court denied approval of the settlement, because of
certain issues with respect to the releases for the named
plaintiffs.  The Debtor has moved for reconsideration and that
motion is still pending.

Additionally, the Debtor continues to engage the City of New York
in discussions to resolve an outstanding prepetition tax liability,
a determination of which, will determine the Debtor's exit
strategy.

Upon reconsideration and then approval of the class action
litigation in the District Court as well as a resolution of the
Debtor's outstanding tax liability with the City of New York, the
Debtor avers that it will then be able to determine an appropriate
exit strategy.

While the Debtor is resolving its last remaining claims, the Debtor
believes that it needs to maintain its Exclusivity Period and
extend the Plan Filing Deadline, to avoid the possibility that a
third-party may file a competing plan, while the Debtor is trying
to resolve its remaining issues.

                       About Dave 60 NYC

Dave 60 NYC Inc. operates a holding company, which holds a
non-managing 59.05% interest in an entity which operates a
restaurant in Manhattan, Philippe by Philippe Chow.

Dave 60 NYC Inc., filed a Chapter 11 bankruptcy petition (Bankr.
S.D.N.Y. Case No. 16-12146) on July 27, 2016.  Judge Michael E
Wiles presides over the case.

The Debtor has employed Robinson Brog Leinwand Greene Genovese &
Gluck P.C. as its counsel and Kenny Nachwalter, P.A. as its Florida
special litigation counsel.

No trustee, examiner or committee has been appointed in Debtor's
Chapter 11 case.


DPL INC: Moody's Affirms Ba3 Senior Unsecured Debt Rating
---------------------------------------------------------
Moody's Investors Service Moody's Investors Service affirmed the
Ba3 senior unsecured debt rating of DPL Inc (DPL) and Dolphin Sub
II, Inc (assumed by DPL). Moody's also affirmed the ratings of The
Dayton Power & Light Company (DP&L) including its Baa3 Issuer
Rating and its Baa2 senior secured rating. The rating outlook of
DPL and DP&L were changed to positive from negative.

RATINGS RATIONALE

The rating action reflects DPL's plans to progressively exit the
coal-fired merchant generation business and the credit
supportiveness of the Ohio regulatory environment. The affirmation
factors in PUCO's recent authorization of DP&L's third Electric
Security Plan (ESP-III) for the 2017-2023 period and the adoption
of the key terms of the Amended Settlement Agreement executed in
March 2017.

On October 1, 2017, DP&L became a pure transmission and
distribution (T&D) utility, while parent company DPL expects to
complete the sale of its merchant coal-fired plants (2,000MW) by
year-end 2018. DPL is also considering strategic alternatives for
its merchant peaking units (1,000MW). These initiatives are
lowering the group's business risk profile, and leading us to
assess the financial performance of both companies using the
guidelines and financial metrics provided under the low business
grid in Moody's Regulated Electric and Gas Utilities Rating
Methodology.

DP&L's Baa3 Issuer Rating and positive outlook factor in Moody's
expectation that the utility will be able to generate key credit
metrics that remain robust for the Baa-rating category.
Specifically, Moody's anticipate that its CFO pre-Working Capital
(CFO pre-W/C) to debt will exceed 19% for the next several years.
The key terms of the utility's recently authorized ESP-III and the
Amended Settlement Agreement drive this expectation. DPL will use
amounts collected under the Distribution Modernization Rider (DMR)
of $105 million p.a. for at least three years (subject to an
extension for additional two years) largely to deleverage the
group's capital structure. The material amount of holding company
debt, currently equivalent to around 60% of total debt, further
limits the financial flexibility of both DPL and DP&L, and tempers
the ratings. This debt also explains the material difference
between the utility's relatively strong and the weaker consolidated
credit metrics, including the elevated debt to total capitalization
in excess of 140%. DPL's positive outlook anticipates a slow but
steady improvement in the consolidated CFO pre-W/C to debt, after
it dropped to around 8% at year-end 2016, so that it eventually
becomes better positioned within the Ba-rating category.

Liquidity

The February 2017 amendment of DP&L's financial documentation,
including its revolving credit agreement, excluded non-cash charges
directly related to impairments of the company's coal-fired
generation assets from the total debt to total capitalization
covenant (June 2017: 52%) through 31 March 2018. Importantly, the
amendment also extended the period during which compliance with the
Total Capitalization covenant will remain suspended to October
2018, after the utility completes the generation separation because
DP&L's long-term debt indebtedness does not exceed $750 million.

DPL has its own separate $205 million committed credit facility in
place that expires in 2020 (and can be increased by additional $95
million). Borrowings under this facility are subject to
conditionality including a material adverse change clause. DPL's
positive outlook also anticipates that the improvement in DPL's
financial performance will allow it to comply more comfortably with
the two financial covenants embedded in its financial
documentation, including its committed credit facility, namely
maximum total debt to EBITDA of 7.5x (June 2017: 7.0x) and EBITDA
to Interest of at least 2.1x (June 2017: 2.5x).

FACTORS THAT COULD LEAD TO AN UPGRADE

An upgrade of the ratings of DPL and DP&L could occur following
DPL's successful exit of its coal-fired merchant operations. An
upgrade could also be considered if the company makes a strategic
decision regarding the peaking units and there is a credit
supportive outcome of DP&L's pending rate case. Specifically, if
DPL is able to generate consolidated CFO pre-W/C to debt in excess
of 9%, and DP&L progressively improves its regulatory capital
structure and debt to book capitalization such that it will
approximate 60% by 2019.

FACTORS THAT COULD LEAD TO A DOWNGRADE

Given the positive outlooks on DPL and DP&L, there are limited
prospects for a downgrade. However, an adverse outcome of DP&L's
rate case and/or an unexpected material deterioration of the credit
metrics of the utility and/or DPL would likely trigger negative
rating momentum. Specifically, if DPL's consolidated CFO pre-W/C to
debt falls below 5% and/or if DP&L's debt to book capitalization
continues to exceed 65%, a downgrade could be considered

The principal methodology used in these ratings was Regulated
Electric and Gas Utilities published in June 2017.

Headquartered in Dayton, Ohio, DPL Inc. (DPL) is a holding parent
company that wholly-owns the pure T&D, The Dayton Power and Light
Company (DP&L). The group also includes AES Ohio Generation LLC
(unrated) that owns the group's generation assets including DP&L's
coal-fired facilities transferred on October 1, 2017 as well as the
captive insurance company Miami Valley Insurance Company. DPL is a
subsidiary of The AES Corporation (AES: Ba2 Corporate Family
Rating, stable), a globally diversified power holding company.


ELLINGTON TRUCKING: November 15 Plan Confirmation Hearing
---------------------------------------------------------
Judge Robyn L. Moberly of the U.S. Bankruptcy Court for the
Southern District of Indiana conditionally approved the disclosure
statement filed by Ellington Trucking LLC on October 2, 2017.

A hearing to consider confirmation of the plan and any objection or
modification to the plan will be held on November 15, 2017 at 10:00
a.m. Any objection to the disclosure statement, as well as to the
confirmation of the plan must be filed and served on or before
November 1.

Any ballot accepting or rejecting the plan must be delivered to the
plan proponent on or before November 1, 2017. The plan proponent
must tabulate the ballots, certify the ballot report, and file both
the ballot report and the certification no later than 3 days before
the confirmation hearing.

Any proof of claim or interest pursuant to Fed.R.Bankr.P.
3003(c)(3), must be filed on or before November 1, 2017.

                  About Ellington Trucking LLC

Ellington Trucking LLC filed a Chapter 11 petition (Bankr. S.D.
Ind. Case No. 17-00781), on Feb. 15, 2017.  The Petition was signed
by its authorized representative, Sharon E. Harris.  The Debtor is
represented by David R. Krebs, Esq., at Hester Baker Krebs LLC. At
the time of filing, the Debtor had $0 to $50,000 in estimated
assets and $100,000 to $500,000 in estimated liabilities.


EMMANUEL'S AUTO SALES: Seeks to Hire Ordinary Course Professionals
------------------------------------------------------------------
Emmanuel's Auto Sales and Service Inc. has filed a motion seeking
approval from the U.S. Bankruptcy Court for the Northern District
of Texas to hire professionals used in the ordinary course of
business.

The request, if granted, would allow the Debtor to hire "ordinary
course professionals" without filing separate employment
applications.  The Debtor's current OCPs are:

   Name of OCPs         Services        Avg. Monthly Invoice
   ------------         --------        --------------------
   Law Office of        Attorney used in       $2,500
   Naureen Charania     the regular course
                        of business

   Samuel Appiah PC     Accountant               $350

In the same filing, the Debtor also seeks approval to pay, without
formal application to the court, 100% of the interim fees and
disbursements to each OCP so long as they do not exceed $2,500 per
month per OCP and do not exceed $25,000 per OCP for the duration of
the case.

           About Emmanuel's Auto Sales and Service

Emmanuel's Auto Sales and Service Inc. is a used car sales and
automotive services company.  It was incorporated in 2004 and is
authorized to do business in Texas.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Tex. Case No. 17-33209) on August 23, 2017.
Emmanuel Osei Mainoo, its director, 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 Harlin D. Hale presides over the case.  M. Tayari Garrett,
Esq., at Tayari Law PLLC, is the Debtor's bankruptcy counsel.

The Debtor's real property located at 2546 Beltline Road, Grand
Prairie, Texas, is allegedly encumbered by a deed of trust, which
it seeks to resolve through this bankruptcy.


FAUSER OIL: Has Until November 22 to File Reorganization Plan
-------------------------------------------------------------
Judge Thad J. Collins of the U.S. Bankruptcy Court for the Northern
District of Iowa has extended the deadlines for Fauser Oil Co.,
Inc. and its affiliates to file a Chapter 11 plan to November 22,
2017 and to solicit acceptances of such plan to January 22, 2018.

The Court also ruled that if the Debtor files by November 15 a
third motion to extend the deadlines, then the deadlines will
automatically be extended until the Court acts on the third motion,
without the necessity for the entry of a bridge order.

The Troubled Company Reporter has previously reported that the
Debtors asked the court to further extend the exclusivity periods
for filing a Chapter 11 Plan of Reorganization and for soliciting
acceptances of the filed plan to December 21, 2017 and February 21,
2018, respectively.

The Debtors claimed that the complexity of these cases, the number
of related debtors, the number and amount of the various claims
filed, and the adjustment to operating the remaining core business,
all constitute good cause for the Debtors' request for further
extension.

The Debtors told the Court that since the date of filing the First
Exclusivity Extension Motion, they have successfully negotiated the
sale of substantially all of the assets of Debtors Fauser Oil Co.
and Ron's L.P.  The sale received Court approval by Order dated
September 19, and the sale itself closed on September 29.

The Debtors anticipated that the majority of their creditors'
claims will be paid from the proceeds of sale. Further, the Debtors
intended to take action to pay creditors a portion of their allowed
claims through an interim distribution before the end of the year.

The Debtors also said they needed more time to complete their
claims analysis and determine the disposition of the remaining
assets of their estates.  Accordingly, the requested extension will
allow the Debtors the time to quantify allowed claims and to
provide the process to pay their creditors in full, which are
necessary to formulate a confirmable chapter 11 plan in an orderly
manner which will be of substantial benefit to the estate and the
Debtors' creditors.

                      About Fauser Oil Co.

Elgin, Iowa-based Fauser Energy Resources, Inc. --
http://www.fauserenergy.com/-- supplies and delivers propane and
fuel products to residential and commercial customers throughout
the Midwest region of the U.S.

Fauser Oil Co. Inc., Fauser Energy Resources Inc., Fauser Transport
Inc. and Ron's L.P. Gas Service LLC sought protection under Chapter
11 of the Bankruptcy Code (Bankr. N.D. Iowa Lead Case No. 17-00466)
on April 24, 2017.  Paul Fauser, president, signed the petition.
On July 7, 2017, the Court entered an order jointly administering
all of the Debtors' Cases.

At the time of the filing, Fauser Energy estimated its assets and
debt at $1 million to $10 million.

Judge Thad J. Collins presides over the case.

Sweet DeMarb LLC serves as counsel to the Debtors, with the
engagement led by James D. Sweet, Esq., and Rebecca R. DeMarb, Esq.
Yara El-Farhan Halloush, Esq., of Halloush Law Office, P.C., is the
Debtors' local co-counsel.  Ravinia Capital LLC is the Debtor's
investment banker and financial advisor.

On May 12, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors for Fauser Oil.  No
creditors' committee has been appointed for the other Debtors.  The
Fauser Oil Committee retained Pepper Hamilton as legal counsel and
Cutler Law Firm, P.C., as associate counsel.


FREEDOM MORTGAGE: Moody's Assigns B2 Senior Unsec. Bonds Rating
---------------------------------------------------------------
Moody's Investors Service assigned a B2 rating to Freedom Mortgage
Corporation's senior unsecured bond and affirmed the company's B1
senior secured and corporate family ratings. The outlook on all
ratings is stable.

Assignments:

Issuer: Freedom Mortgage Corporation

-- Senior Unsecured Regular Bond/Debenture, Assigned B2, stable

Affirmations:

Issuer: Freedom Mortgage Corporation

-- Corporate Family Rating, Affirmed B1, stable

-- Senior Secured Bank Credit Facility, Affirmed B1, stable

Outlook Actions:

Issuer: Freedom Mortgage Corporation

-- Outlook, Remains Stable

RATINGS RATIONALE

On October 31, 2017, the company announced it would issue $400
million of senior unsecured debt. The B2 senior unsecured bond
rating reflects the subordination of the company's senior unsecured
bond to the firm's secured indebtedness.

The ratings reflect the company's strong profitability with net
income to assets above 4% per annum over the last several years and
solid capital level with tangible common equity (TCE) to tangible
managed assets (TMA) of 18.7% as of Q2 2017; pro-forma including
the senior unsecured debt, TCE to TMA falls to just over 17.5%.
Risk factors offsetting these positive attributes include Freedom's
rapidly growing servicing portfolio and key man risk with respect
to its President and CEO Stanley Middleman. The company expects to
almost double its servicing portfolio in 2017 to just under $200
billion from approximately $100 billion as of year-end 2016,
resulting in increased economies of scale. However, such rapid
growth can lead to operational deficiencies negatively impacting
financial performance.

The stable outlook reflects Moody's expectation that the company
will be able to maintain its strong profitability and solid capital
level.

Positive ratings pressure would occur over the next 24 months if
Freedom can maintain its strong profitability and solid capital
levels with net income to managed assets above 5% and tangible
common equity to assets above 20%, as aggregate US mortgage
origination volumes decline and purchase mortgages comprise a
larger percentage of the market in connection with rising interest
rates. In addition, positive ratings pressure would also occur if
Freedom extended the maturity of its 364 day warehouse facilities
as well as continued to diversify its funding.

The ratings could be downgraded if financial performance
deteriorates - for example, if net income to managed assets falls
consistently below 3.5%, if leverage increases such that the
company's tangible common equity to tangible managed assets falls
below 15%, or in the event of material negative regulatory actions
or disclosure of a material operating weakness.

The principal methodology used in these ratings was Finance
Companies published in December 2016.


FRONTIER COMMUNICATIONS: Bank Debt Trades at 4.99% Off
------------------------------------------------------
Participations in a syndicated loan under Frontier Communications
is a borrower traded in the secondary market at 95.01
cents-on-the-dollar during the week ended Friday, October 27, 2017,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 0.18 percentage points from the
previous week.  Frontier Communications pays 375 basis points above
LIBOR to borrow under the $1.5 billion facility. The bank loan
matures on June 1, 2024 and carries Moody's B1 rating and Standard
& Poor's BB- rating.  The loan is one of the biggest gainers and
losers among 247 widely quoted syndicated loans with five or more
bids in secondary trading for the week ended October 27.


GABRIELLE LAVERNE BROWN: PCO Files 4th Report
---------------------------------------------
Joseph Rodrigues, the Patient Care Ombudsman appointed for
Gabrielle Laverne Brown, dba Sonoma Serenity Home, filed a fourth
report with the U.S. Bankruptcy Court for the Northern District of
California.

Based upon the events reported in the PCO's second report to the
court dated July 7, 2017, the California Department of Social
Services, Community Care Licensing obtained a Temporary Suspension
Order on Friday, July 7, 2017. This TSO necessitated that all
residents leave the facility and relocate to other facilities. This
TSO also removed the ability of the facility to legally have any
new residents in the home receiving care. Since that date, no
residents have been in care at the facility.

CCL conducted a follow-up Legal/Non-Compliance Case Management
visit on Sept. 26, 2017. There were no residents in care. The
licensee is scheduled for an Administrative Hearing in November
2017.

As no residents are in care, the Patient Care Ombudsman has no
recommendations for the court at this time.

A full-text copy of the Fourth PCO Report dated Oct. 24, 2017, is
available at:

     http://bankrupt.com/misc/canb17-10255-81.pdf

                About Gabrielle Laverne Brown

Gabrielle Laverne Brown filed a pro se Chapter 11 petition (Bankr.
N.D. Cal. Case No. 17-10255) on April 6, 2017.  Pursuant to the
order directing the appointment of a Patient Care Ombudsman entered
by this court on April 7, 2017, Tracy Hope Davis, the United States
Trustee, duly appointed Joseph Rodrigues as the Patient Care
Ombudsman in this case.


GENERAL NUTRITION: Bank Debt Trades at 5.44% Off
------------------------------------------------
Participations in a syndicated loan under Acosta Inc. is a borrower
traded in the secondary market at 94.56 cents-on-the-dollar during
the week ended Friday, October 20, 2017, according to data compiled
by LSTA/Thomson Reuters MTM Pricing.  This represents a decrease of
0.44 percentage points from the previous week.  General Nutrition
pays 250 basis points above LIBOR to borrow under the $1.35 billion
facility. The bank loan matures on Mar. 2, 2019 and carries Moody's
Ba3 rating and Standard & Poor's BB- rating.  The loan is one of
the biggest gainers and losers among 247 widely quoted syndicated
loans with five or more bids in secondary trading for the week
ended October 20.


GETTY IMAGES: Bank Debt Trades at 12.67% Off
--------------------------------------------
Participations in a syndicated loan under Getty Images Inc is a
borrower traded in the secondary market at 87.33
cents-on-the-dollar during the week ended Friday, October 27, 2017,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 2.25 percentage points from the
previous week.  Getty Images Inc pays 350 basis points above LIBOR
to borrow under the $1.900 billion facility. The bank loan matures
on Oct. 14, 2019 and carries Moody's B3 rating and Standard &
Poor's CCC rating.  The loan is one of the biggest gainers and
losers among 247 widely quoted syndicated loans with five or more
bids in secondary trading for the week ended October 27.


GOLDEN MARINA: Court Confirms Third Amended Plan of Reorganization
------------------------------------------------------------------
The Hon. Donald S. Cassling of the U.S. Bankruptcy Court for the
Northern District of Illinois confirmed Golden Marina Causeway,
LLC's Third Amended Plan of Reorganization, as amended on May 12,
2017.

Cliff's Mining has withdrawn its objection to the Plan and the
Disclosure Statement, and thus there are no objections to the
confirmation of the plan or the approval of the disclosure
statement.

On May 26, 2017, Cliff's Mining filed against East Greenfield
Investors LLC an involuntary petition for relief under Chapter 7 of
the Bankruptcy Code (Case No. 17-16364). The Debtor filed a motion
to Approve Settlement Agreement Related to East Greenfield
Investors, which included a copy of a document termed the
Bankruptcy Settlement Agreement, on August 31, 2017.

The Debtor is required to disburse $200,000 of the proceeds of the
sale of the Golden Marina Property to the Escrow Account within the
later of 3 days after: (a) the Effective Date of the Plan; (b) the
entry of an order that has become final dismissing the Involuntary
Petition with prejudice; and (c) the entry of an order that has
become final approving the Settlement, and prior to making the
distribution under the Plan on account of the Barry Trust Secure
Claim as classified in Class 2.

The Plan has been further amended to incorporate the other portions
of Section 4 of the Bankruptcy Settlement Agreement memorializing
the Settlement, including those relating to the obligations of the
Debtors with respect to funds remaining in the Escrow Account upon
the termination of the Escrow Agreement.

The case will be set for a post-confirmation status on November 28,
2017 at 10:00 a.m.

           William J. Factor, Esq.
           Jeffrey K. OPaulsen, Esq.
           FACTOR LAW
           105 W. Madison, Suite 1500
           Chicago, IL 60602
           Tel: (847) 239-7248
           Fax: (847) 574-8233
           Email: wfactor@wfactorlaw.com
                 jpaulsen@wfactorlaw.com

                  About Golden Marina Causeway, LLC

Golden Marina Causeway LLC owns two parcels of real estate, located
at 302 and 311 East Greenfield Avenue in Milwaukee, Wisconsin.  The
parcel at 311 E. Greenfield consists of 47 acres and the smaller
parcel at 302 E. Greenfield is approximately 1 acre.

Golden Marina Causeway, LLC, based in Downers Grove, Illinois,
filed a Chapter 11 petition (Bankr. N.D. Ill. Case No. 16-03587) on
Feb. 5, 2016.  The petition was signed by Lawrence D. Fromelius,
manager.  The Debtor is represented by Jeffrey K. Paulsen, Esq., at
The Law Office of William J. Factor, Ltd.  The Debtor also hired
Nijman Franzetti LLP as special counsel.

Golden Marina's case was assigned to Judge Carol A. Doyle, and
later transferred to the chambers of Judge Donald R. Cassling.
Golden Marina estimated assets and liabilities at $1 million to $10
million at the time of the filing.

Lawrence D. Fromelius filed a Chapter 11 petition (Bankr. N.D. Ill.
Case No. 15-22373) on June 29, 2015.  On July 2, 2015, L. Fromelius
Investment Properties LLC filed a petition for relief under Chapter
11 of the Bankruptcy Code under Case No. 15-22943.

Mr. Fromelius is the sole member of Investment Properties.  He is
also the sole member of East Greenfield Investors LLC, which in
turn is the sole member of Golden Marina Causeway LLC.


GULFMARK OFFSHORE: Incurs $24.6 Million Net Loss in Third Quarter
-----------------------------------------------------------------
Gulfmark Offshore, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q reporting a net loss
of $24.64 million on $25.80 million of revenue for the three months
ended Sept. 30, 2017, compared to a net loss of $24.72 million on
$27.82 million of revenue for the three months ended Sept. 30,
2016.

For the nine months ended Sept. 30, 2017, Gulfmark reported a net
loss of $190 million on $74.80 million of revenue compared to a net
loss of $163.49 million on $97.10 million of revenue for the same
period during the prior year.

As of Sept. 30, 2017, Gulfmark had $1.07 billion in total assets,
$173.80 million in total liabilities (current), $448.12 million in
liabilities subject to compromise and $309.29 million in total
stockholders' equity.

According to the Company, "Our ongoing liquidity requirements are
generally associated with our need to service debt, fund working
capital, maintain our fleet, and, when market conditions are
favorable, finance the construction of new vessels and acquire or
improve equipment or vessels.  Bank financing, proceeds from the
issuance of debt and equity, and internally generated funds have
historically provided funding for these activities.  Internally
generated funds are directly related to fleet activity and vessel
day rates, which are generally dependent upon the demand for our
vessels which is ultimately determined primarily by the supply and
demand for offshore drilling for crude oil and natural gas."

"Delays in any Chapter 11 proceedings increase the risks of our
inability to reorganize our business and emerge from bankruptcy and
may increase our costs associated with the bankruptcy process.

"These risks and uncertainties could affect our business and
operations in various ways.  For example, negative publicity
associated with any Chapter 11 proceedings could adversely affect
our relationships with our vendors, suppliers, service providers,
customers, employees and other third parties, which in turn could
adversely affect our operations and financial condition. In
particular, critical suppliers, vendors and customers may determine
not to do business with us due to any Chapter 11 proceedings.  In
addition, certain transactions may also require the consent of
lenders under a debtor-in-possession financing. Also, during the
pendency of any Chapter 11 proceedings, we will need the prior
approval of the Bankruptcy Court for transactions outside the
ordinary course of business, which may limit our ability to respond
timely to certain events or take advantage of certain
opportunities.  Additionally, losses of key personnel or erosion of
employee morale could have a material adverse effect on our ability
to meet customer expectations, thereby adversely affecting our
business and results of operations. The failure to retain or
attract and maintain members of our management team and other key
personnel could impair our ability to execute our strategy and
implement operational initiatives, thereby having a material
adverse effect on our financial condition and results of
operations.  Because of the risks and uncertainties associated with
a voluntary filing for relief under Chapter 11 of the Bankruptcy
Code and the related proceedings, we cannot accurately predict or
quantify the ultimate impact that events that occur during our
Chapter 11 proceedings may have on our business, financial
condition and results of operations, and there is no certainty as
to our ability to continue as a going concern."

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

                     https://is.gd/Zps5kJ

                    About Gulfmark Offshore

GulfMark Offshore, Inc., a Delaware corporation, was incorporated
in 1996.  The Company provides offshore marine support and
transportation services primarily to companies involved in the
offshore exploration and production of oil and natural gas.  The
Company's vessels transport materials, supplies and personnel to
offshore facilities, and also move and position drilling and
production facilities.  The majority of the Company's operations
are conducted in the North Sea, offshore Southeast Asia and
offshore the Americas.  The Company currently operates a fleet of
73 owned or managed offshore supply vessels, or OSVs, in the
following regions: 30 vessels in the North Sea, 13 vessels offshore
Southeast Asia, and 30 vessels offshore the Americas.

GulfMark Offshore, Inc., filed for bankruptcy protection (Bankr. D.
Del., Case No. 17-11125) on May 17, 2017.  Quintin V. Kneen,
president and chief executive officer, signed the petition.  The
Company reported total assets of $1.07 billion and total debt of
$737.1 million as of March 31, 2017.

Mark D. Collins, Esq., Zachary I. Shapiro, Esq., Brett M. Haywood,
Esq. and Christopher M. De Lillo, Esq., of Richards, Layton &
Finger, P.A., as well as Gary T. Holtzer, Esq., Ronit J. Berkovish,
Esq., and Debora A. Hoehne, Esq., of Weil Gotshal & Manges LLP
serve as counsel to the Debtor.  The Debtor has also tapped Blank
Rome LLP as corporate counsel; Alvarez & Marsal North America, LLC
as financial advisor; Evercore Group L.L.C. as investment banker;
Ernst & Young LLP as restructuring consultant; KPMG US LLP as
auditor and tax consultant; and Prime Clerk LLC as claims and
noticing agent.


INFINITE HOLDINGS: Taps Selwyn D. Whitehead as Legal Counsel
------------------------------------------------------------
Infinite Holdings, Inc. seeks approval from the U.S. Bankruptcy
Court for the Northern District of California to hire the Law
Offices of Selwyn D. Whitehead as its legal counsel.

Whitehead will, among other things, advise the Debtor regarding its
duties under the Bankruptcy Code; assist in the negotiation of
financing agreements; give legal advice regarding any potential
property disposition; and prepare a Chapter 11 plan of
reorganization.

The firm's hourly rates are:

     Selwyn Whitehead, Esq.     $400
     Paralegal                  $125
     Bookkeeper/Accountant       $80

The firm received a retainer from the Debtor in the amount of
$20,000, plus $1,717 for the filing fees.

Selwyn Whitehead, Esq., disclosed in a court filing that she does
not hold any interest adverse to the interest of the Debtor's
estate, creditors or equity security holders.

The firm can be reached through:

     Selwyn D. Whitehead, Esq.
     Law Offices of Selwyn D. Whitehead
     4650 Scotia Avenue
     Oakland, CA 94605
     Phone: 510-632-7444
     Fax: 510-856-5180
     Email: selwynwhitehead@yahoo.com

                   About Infinite Holdings Inc.

Infinite Holdings, Inc. owns condominium units located at 2421
Telegraph Avenue, Oakland, California, valued at $1.34 million.
The Telegraph Retail Condos total 3,370 square feet and are
comprised of three individual commercial condominiums, each unit is
currently occupied.  Its gross revenue amounted to $95,612 in 2016
and $78,668 in 2015.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Calif. Case No. 17-42625) on October 18, 2017.
Steven K. Peterson, its president and CEO, signed the petition.

At the time of the filing, the Debtor disclosed $1.35 million in
assets and $1.14 million in liabilities.

Judge Charles Novack presides over the case.


INTREPID POTASH: Reports Third Quarter Net Loss of $1.9 Million
---------------------------------------------------------------
Intrepid Potash, Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $1.90 million on $32.06 million of sales for the three months
ended Sept. 30, 2017, compared to a net loss of $18.24 million on
$43.64 million of sales for the three months ended Sept. 30, 2016.

For the nine months ended Sept. 30, 2017, the Company reported a
net loss of $21.52 million on $124.30 million of sales compared to
a net loss of $50.06 million on $168.76 million of sales for the
same period during the prior year.

Intrepid reported a net loss of $66.63 million for the year ended
Dec. 31, 2016, following a net loss of $524.8 million for the year
ended Dec. 31, 2015.

As of Sept. 30, 2017, Intrepid had $507.82 million in total assets,
$104.32 million in total liabilities and $403.50 million in total
stockholders' equity.

"We continue to successfully execute on our strategy to diversify
our income streams, improve our potash margins, and grow our Trio
sales volumes," said Bob Jornayvaz, Intrepid's executive chairman,
president and CEO.  "By focusing on what we can control through a
challenging part of the cycle, we have made improvements in potash
profitability and increased Trio sales both domestically and
abroad.  We also doubled our water sales for the second consecutive
quarter.  As a result of our disciplined approach, we have greatly
reduced our outstanding debt levels and improved our performance
such that going forward we will pay the lowest interest rates
provided under our senior notes."

Jornayvaz continued, "Looking ahead, we continue to focus on
growing water and by-product sales and remain on track to meet our
goal of at least $20 million to $30 million in water sales during
2018. Building upon our success in driving more stable cash flow
streams through diversification, we continue to explore additional
opportunities for growth."

During the third quarter and first nine months of 2017, the potash
segment generated gross margins of $5.0 million and $11.4 million,
respectively, an increase of $12.3 million and $35.9 million
compared with the same periods in 2016, respectively.  These
improvements were the result of the transition to lower-cost
solar-only production and an increase in average net realized sales
price per ton.

During the quarter, Intrepid continued its strategy of selectively
selling to higher-margin sales locations and customers.  This,
combined with increases in the market price for potash, increased
average potash net realized prices per ton by 30% and 19% for the
third quarter and first nine months of 2017, respectively, compared
with the same periods in 2016.  Potash production increased 8%
compared to the third quarter of 2016 as earlier start-up of the
solar production facilities offset the idling of the West facility
in July 2016. Potash production for the first nine months of 2017
decreased 38% compared to prior year, primarily due to the idling
of the West facility and the transition to Trio-only production at
the East facility.  The reduced potash production profile decreased
sales volumes in the third quarter and first nine months of 2017 by
52% and 49%, respectively, compared to the year-ago comparable
periods.

Cash balance was $1.7 million as of Sept. 30, 2017.  Cash provided
by operations activities increased to $2.5 million and $14.1
million for the third quarter and first nine months of 2017,
respectively, compared to prior year periods.

During the third quarter, Intrepid repaid $6.0 million in
outstanding senior note principal, bringing total senior note
repayments to $75 million since December 31, 2016. No further
repayments are required under the note agreement for the remainder
of 2017.  As of Sept. 30, 2017, Intrepid had $60 million
outstanding under its senior notes and $22.5 million available for
borrowing under its asset-backed credit facility.

Intrepid issued 0.5 million shares of common stock under its
at-the-market offering program during the third quarter and first
nine months of 2017, generating net cash proceeds of $1.9 million
which were used for general corporate purposes.

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

                       https://is.gd/5GucCw

                          About Intrepid

Intrepid Potash (NYSE:IPI) -- http://www.intrepidpotash.com/-- is
the only U.S. producer of muriate of potash.  Potash is applied as
an essential nutrient for healthy crop development, utilized in
several industrial applications and used as an ingredient in animal
feed.  Intrepid also produces a specialty fertilizer, Trio, which
delivers three key nutrients, potassium, magnesium, and sulfate, in
a single particle. Intrepid also sells water and by-products such
as salt, magnesium chloride, and brine.  Intrepid serves diverse
customers in markets where a logistical advantage exists; and is a
leader in the utilization of solar evaporation production, one of
the lowest cost, environmentally friendly production methods for
potash.  Intrepid's production comes from three solar solution
potash facilities and one conventional underground Trio mine.


IREP MONTGOMERY-MRF: Needs More Time to Close Asset Sale, File Plan
-------------------------------------------------------------------
IREP Montgomery-MRF LLC requests the U.S. Bankruptcy Court for the
Middle District of Alabama to extend by 90 days the exclusive
period to file a Chapter 11-exit plan, as well as the period in
which the Debtor has to gain acceptance of the plan by 90 days.

The Debtor relates that, prior to filing the case, it has
negotiated an asset purchase agreement with the City of Montgomery
and the Municipal Solid Waste Disposal Authority, as the Debtor
intends to sell its assets under 11 U.S.C. Section 363 utilizing
the City and the Authority as a "stalking horse bidder" under the
APA.

The Debtor asserts that prior to the commencement of this case,
some 20 different companies had expressed an interest in operating
or purchasing the Facility -- a mixed materials recovery facility.
Accordingly, the Debtor contends that given the number of parties
already interested in the Facility, the parties envisioned that the
363 motion would be filed quickly after the commencement of the
case and the Debtor would be able to assess fairly whether a plan
might be beneficial.

Since the bankruptcy filing, the Debtor tells the Court, the Tien
Trust has taken an active role in the case in hopes of generating
further interest in the Facility. The Tien Trust has hired a
consulting firm to examine the Facility and to try and generate
further interest. Moreover, the Debtor relates that its
representatives and the City have met with the representatives of
the Tien Trust, have produced documents requested, and are
producing further documents.

Moreover, the Tien Trust commenced on adversary proceeding in which
it sought to subordinate the claim of the Tien Trust to all
unsecured creditors.

The trial for the 363 Motion and related matters was set for
October 25-27, 2017. The Tien Trust and the City have settled, and
the Court has continued the hearing on the 363 Motion.

Accordingly, the Debtor submits that it is appropriate for the
Court to extend the exclusivity period beyond the anticipated next
setting for the 363 Motion.

                    About IREP Montgomery-MRF

Based in Montgomery, Alabama, IREP Montgomery-MRF, LLC, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D.
Ala. Case No. 16-32279) on Aug. 20, 2016.  The petition was signed
by Kyle Mowitz, manager.  The case is assigned to Judge Dwight H.
Williams Jr.  At the time of the filing, the Debtor estimated its
assets at $10 million to $50 million and debts at $50 million to
$100 million.  The Debtor is represented by Clyde Ellis Brazeal,
III, Esq., at Jones Walker LLP.


JACKSONVILLE BEAUTY: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Jacksonville Beauty Institute,
Inc. as of Oct. 30, according to a court docket.

               About Jacksonville Beauty Institute

Jacksonville Beauty Institute Inc. has operated as a cosmetology
school providing education and training for students seeking to
become state board certified cosmetologists in the areas of hair,
skin care and nail care since 1997.  As of the Petition Date the
Debtor leased and operates in two commercial locations, with the
Debtor's administrative offices and headquarters being located at
the Jacksonville, Florida location: (a) 5045 Soutel Drive, Suite
80, Jacksonville, Florida 32208; and (b) 5014 E. Busch Boulevard,
Unit 103, Tampa, Florida 33617.  Prior to the Petition Date, the
Debtor operated at 6801 A&B W. Colonial Drive, Orlando, Florida
32818, however, has already moved out of that location.

Jacksonville Beauty Institute sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. M.D. Fla. Case No. 17-03022) on Aug.
17, 2017, estimating assets of less than $100,000 and liabilities
of less than $1 million.  

Judge Jerry A. Funk presides over the case.

Kevin B. Paysinger, Esq., and William B. McDaniel, Esq., at Lansing
Roy P.A., serve as the Debtor's bankruptcy counsel.

No trustee or examiner has been appointed in the Debtor's case.


JC PENNEY: Bank Debt Trades at 4.70% Off
----------------------------------------
Participations in a syndicated loan under JC Penney is a borrower
traded in the secondary market at 95.30 cents-on-the-dollar during
the week ended Friday, October 27, 2017, according to data compiled
by LSTA/Thomson Reuters MTM Pricing.  This represents a decrease of
1.03 percentage points from the previous week.  JC Penney pays 425
basis points above LIBOR to borrow under the $1.688 billion
facility. The bank loan matures on June 15, 2023 and Moody's Ba2
rating and Standard & Poor's BB- rating.  The loan is one of the
biggest gainers and losers among 247 widely quoted syndicated loans
with five or more bids in secondary trading for the week ended
October 27.


KENTISH TRANS: Plan Payments to be Funded by Continued Operations
-----------------------------------------------------------------
Kentish Transportation, Inc., filed with the U.S. Bankruptcy Court
for the Northern District of Alabama a Second Amended Chapter 11
Plan of Reorganization dated October 3, 2017.

Under the Plan, Class 1 consists of these allowed secured claims:

     (a) Claim No. 3 of Ford Motor Credit Company, LLC, in the
amount of $15,691.24, which will be amortized over 60 months and
will accrue interest at 5.25%;

     (b) Claim No. 5 of Ford Motor Credit Company, LLC, in the
amount of 48,696.33, which the Debtor seeks to reduce the interest
rate from 6.89% to 5.25%, per annum and will be amortized over 60
months;

     (c) Claim No. 8 of Ford Motor Credit Company, LLC, in the
amount of 51,877.41, which the Debtor seeks to reduce the interest
rate from 6.89% to 5.25%, per annum, and will 60 months;

     (d) Claim No. 20 of BancorpSouth Bank in the amount of
$47,000, which will be amortized over 60 months and accrue interest
at 5.25%;

     (e) Claim No. 21 of BancorpSouth Bank in the amount of
$15,600, which will be amortized over 60 months and will accrue
interest at 4.75%;

     (f) Claim of Premium Assignment Corporation in the amount of
$41,252, which amount includes $5,697.60 of PAC's reasonable
attorneys' fees pursuant to Section 506(b) of the Bankruptcy Code.
The Debtor will pay this claim, in part, through the payment of
PAC's super-priority administrative expense claim; and

     (g) Claim of Progress Bank & Trust in the amount of
$49,171.98, which will be amortized over sixty months and will
accrue interest at 5.25%.

Class 2 consists of the allowed unsecured claims. Holders of the
allowed unsecured claim will be paid from 50% of the Net Plan
Profits of the Debtor for five years or until paid in full.
However, if unsecured debts are not paid in full by the end of year
five, any remaining balance will balloon at the end of year six and
be due and payable by the Debtor at that time.

The Plan will be funded by the operations of the Debtor. The
changes implemented by the Debtor in reducing its fleet and
creating a more efficient delivery system should provide ample
revenue to support the expenses contemplated going forward.

A full-text copy of the Second Amended Chapter 11 Plan of
Reorganization dated October 3, 2017, is available for free at
http://tinyurl.com/yc98pcdw

Attorney for the Debtor:

            Stuart M. Maples, Esq.
            MAPLES LAW FIRM, PC
            200 Clinton Avenue West, Suite 1000
            Huntsville, Alabama 35801
            Telephone: (256) 489-9779
            Facsimile: (256) 489-9720
            Email: smaples@mapleslawfirmpc.com

                About Kentish Transportation

Kentish Transportation, Inc., formerly known as KTI Express
Courier, based in Huntsville, Alabama, is a transportation and
logistics company that specializes in on demand and routed type
services. The Debtor's area of service is concentrated in Alabama
but can go as far out as 150 to 300 miles outside state lines.  The
Debtor delivers anything from an envelope to large boxes and
pallets. Its services are in demand from companies that need
delivery and do not want the costs associated with hiring and
maintaining employees and equipment.

The Debtor filed a Chapter 11 petition (Bankr. N.D. Ala. Case No.
17-80242) on Jan. 25, 2017. The Hon. Clifton R. Jessup, Jr.,
presides over the case. Stuart M Maples, Esq., at Maples Law Firm,
PC, serves as bankruptcy counsel to the Debtor. In its petition,
the Debtor declared $99,948 in total assets and $1.11 million
intotal liabilities. The petition was signed by Cecilio Kentish,
Jr., president/CEO.


KHAWAJA PARTNERS: Taps Nima Taherian as Legal Counsel
-----------------------------------------------------
Khawaja Partners, Ltd. seeks approval from the U.S. Bankruptcy
Court for the Southern District of Texas to hire the Law Office of
Nima Taherian as its legal counsel.

The Debtor requires the firm to "prosecute and defend its interests
in regards to the property of the estate."

Nima Taherian, Esq., the attorney who will be handling the Debtor's
Chapter 11 case, will charge an hourly fee of $400.  The attorney
received a retainer in the sum of $1,000.

In a court filing, Mr. Taherian disclosed that his firm does not
hold any interest adverse to the Debtor's estate, creditors or
equity security holders; and that it is a "disinterested person" as
defined in section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Nima Taherian, Esq.
     Law Office of Nima Taherian
     701 N. Post Oak Rd, Ste 216
     Houston, TX 77024
     Tel: 713-540-3830
     Fax: 713-862-6405

                   About Khawaja Partners Ltd.

Khawaja Partners, Ltd. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Tex. Case No. 13-35654) on September
10, 2013.  At the time of the filing, the Debtor disclosed that it
had estimated assets of less than $1 million and liabilities of
less than $100,000.

Judge Karen K. Brown presides over the case.  At the time of the
2013 filing, the Debtor hired Thomas W. Graves, Esq., at Adair &
Myers PLLC, as its bankruptcy counsel.

The Debtor previously filed a Chapter 11 petition (Bankr. S.D. Tex.
Case No. 11-34884) on June 6, 2011.  It was represented by Joan
Kehlhof, Esq., at Wist Holland & Kehlhof, in the 2011 proceedings.


LSB INDUSTRIES: Amends Board Representation and Standtill Pact
--------------------------------------------------------------
LSB Industries, Inc., entered into an amendment to the Board
Representation and Standstill Agreement, dated Dec. 4, 2015, with
LSB Funding LLC (the "Purchaser"), Security Benefit Corporation,
Todd Boehly, Jack E Golsen, Steven J. Golsen, Barry H. Golsen,
Linda Golsen Rappaport, Golsen Family LLC, SBL LLC and Golsen
Petroleum Corp.  The Board Representation and Standstill Agreement,
as amended, provides that:

"For so long as the board of directors of the Company consists of
nine or fewer directors, until the first date on which the
Purchaser and its affiliates, collectively, no longer beneficially
own at least 10% of the common stock, par value $0.10, of the
Company issuable upon exercise of the warrants issued in connection
with that certain Securities Purchase Agreement, dated Dec. 4,
2015, by and among the Company, the Purchaser and Security Benefit
Corporation (whether owned following exercise of the Warrants or as
a right to acquire such Common Stock upon exercise of the
Warrants), the Purchaser will be entitled to designate up to two
directors; provided, however, that, from and after the redemption
in full of all of the Series E cumulative redeemable Class C
preferred stock of the Company held by the Purchaser, so long as
the Purchaser and its affiliates, collectively, continue to
beneficially own at least 10% (but less than 25%) of the shares of
the Common Stock issuable upon exercise of the Warrants (whether
owned following exercise of the Warrants or as a right to acquire
such shares of Common Stock upon exercise of the Warrants), the
Purchaser will only be entitled to designate one director.

"For so long as the Board consists of 10 or more directors, until
the Board Designation Termination, the Purchaser will be entitled
to designate three directors.  For so long as (i) the Purchaser and
its affiliates, collectively, continue to beneficially own at least
25% of the shares of Common Stock issuable upon exercise of the
Warrants (whether owned following exercise of the Warrants or as a
right to acquire such shares of Common Stock upon exercise of the
Warrants), the Purchaser will only be entitled to designate up to
two directors and (ii) the Purchaser and its affiliates,
collectively, continue to beneficially own at least 10% (but not
greater than 24.99%) of the shares of Common Stock issuable upon
exercise of the Warrants (whether owned following exercise of the
Warrants or as a right to acquire such shares of Common Stock upon
exercise of the Warrants), the Purchaser will only be entitled to
designate one director."

                      About LSB Industries

Headquartered in Oklahoma City, Oklahoma, LSB Industries, Inc. --
http://www.lsbindustries.com/-- manufactures and sells chemical
products for the agricultural, mining, and industrial markets.  The
Company owns and operates facilities in Cherokee, Alabama, El
Dorado, Arkansas and Pryor, Oklahoma, and operates a facility for a
global chemical company in Baytown, Texas.  LSB's products are sold
through distributors and directly to end customers throughout the
United States.

LSB reported net income attributable to common stockholders of
$64.76 million for the year ended Dec. 31, 2016, compared to a net
loss attributable to common stockholders of $38.03 million in 2015.
As of Sept. 30, 2017, LSB Industries had $1.19 billion in total
assets, $582.54 million in total liabilities, $167.12 million in
redeemable preferred stocks and $445.21 milion in ttoal
stockholders' equity.

                           *    *    *

In October 2016, S&P Global Ratings lowered its rating on LSB
Industries to 'CCC' from 'B-'.  "Despite using the climate control
business sale proceeds to repay some debt, the company's metrics
have weakened due to plant operational issues and a depressed
pricing environment, which have led to depressed EBITDA
expectations," said S&P Global Ratings credit analyst Allison
Schroeder.

In November 2016, Moody's Investors Service downgraded LSB's
corporate family rating (CFR) to 'Caa1' from 'B3', its probability
of default rating to 'Caa1-PD' from 'B3-PD', and the $375 million
guaranteed senior secured notes to 'Caa1' from 'B3'.  LSB's 'Caa1'
CFR rating reflects Moody's expectations that the combined
uncertainty over operational reliability and the compressed
margins, resulting from the low nitrogen fertilizer pricing
environment, could result in continued weak financial metrics for a
protracted period.


LSB INDUSTRIES: Incurs $24.7 Million Net Loss in Third Quarter
--------------------------------------------------------------
LSB Industries, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q reporting a net loss
attributable to common stockholders of $24.74 million on $92.39
million of net sales for the three months ended Sept. 30, 2017,
compared to net income attributable to common stockholders of
$112.04 million on $80.26 million of net sales for the three months
ended Sept. 30, 2016.

For the nine months ended Sept. 30, 2017, LSB Industries reported a
net loss attributable to common stockholders of $52.45 million on
$338.58 million of net sales compared to net income attributable to
common stockholders of $92.78 million on $289.21 million of net
sales for the same period during the prior year.

LSB reported net income attributable to common stockholders of
$64.76 million for the year ended Dec. 31, 2016, compared to a net
loss attributable to common stockholders of $38.03 million in
2015.

As of Sept. 30, 2017, LSB Industries had $1.19 billion in total
assets, $582.54 million in total liabilities, $167.12 million in
redeemable preferred stocks and $445.21 million in total
stockholders' equity.

Net cash provided by continuing operating activities was $19.3
million as the result of a net loss of $30.1 million plus an
adjustment of $50.3 million relating to depreciation, depletion and
amortization of PP&E less other adjustments of $0.9 million.

Net cash used by continuing investing activities was $2.2 million
primarily relating to expenditures for PP&E of $25.2 million
partially offset by net proceeds of $22.6 million from the sale of
our former working interests in certain natural gas properties and
other property and equipment and including an advance payment on
the sale of the Company's engineered products business.

Net cash used by continuing financing activities was $21.7 million
primarily for payments on long-term debt and short-term financing.

"We currently have a revolving credit facility, our Working Capital
Revolver Loan, with a borrowing base of $50 million.  As of
September 30, 2017, our Working Capital Revolver Loan was undrawn
and had approximately $38.6 million of availability," said the
Company in the Report.

"We have planned capital additions of approximately $10 million for
the fourth quarter of 2017 which, if spent, would bring our full
year 2017 total capital additions to approximately $35 million,
which excludes the impact of the $8.1 million incentive tax credit
recognized during the third quarter of 2017."

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

                     https://is.gd/7rbjVG

                      About LSB Industries

Headquartered in Oklahoma City, Oklahoma, LSB Industries, Inc. --
http://www.lsbindustries.com/-- manufactures and sells chemical
products for the agricultural, mining, and industrial markets.  The
Company owns and operates facilities in Cherokee, Alabama, El
Dorado, Arkansas and Pryor, Oklahoma, and operates a facility for a
global chemical company in Baytown, Texas.  LSB's products are sold
through distributors and directly to end customers throughout the
United States.

                           *    *    *

In October 2016, S&P Global Ratings lowered its rating on LSB
Industries to 'CCC' from 'B-'.  "Despite using the climate control
business sale proceeds to repay some debt, the company's metrics
have weakened due to plant operational issues and a depressed
pricing environment, which have led to depressed EBITDA
expectations," said S&P Global Ratings credit analyst Allison
Schroeder.

In November 2016, Moody's Investors Service downgraded LSB's
corporate family rating (CFR) to 'Caa1' from 'B3', its probability
of default rating to 'Caa1-PD' from 'B3-PD', and the $375 million
guaranteed senior secured notes to 'Caa1' from 'B3'.  LSB's 'Caa1'
CFR rating reflects Moody's expectations that the combined
uncertainty over operational reliability and the compressed
margins, resulting from the low nitrogen fertilizer pricing
environment, could result in continued weak financial metrics for a
protracted period.


LSB INDUSTRIES: Two Directors Resign From Board
-----------------------------------------------
LSB Industries, Inc., announced the resignation of Bill Murdy and
Jonathan Bobb from its Board of Directors, effective Oct. 26, 2017.
With the departure of these directors, the size of LSB's Board
will be nine directors, of which six are independent. Richard
Roedel, who has served on the Company's Board since April 2015 and
as chairman of the audit committee since September 2015, replaces
Mr. Murdy as LSB's lead independent director.

In connection with Mr. Murdy's resignation and retirement from the
Board, the Company and Mr. Murdy entered into a resignation and
release agreement on Oct. 26, 2017, pursuant to which, among other
things, the Company has agreed to pay Mr. Murdy the following
payments and benefits in exchange for Mr. Murdy's execution of a
release of claims in favor of the Company and its affiliates: (i)
within 30 days following Mr. Murdy's execution of the Release
Agreement, (x) a lump sum cash payment equal to the $51,250, (y)
subject to approval by the Board, a fully vested grant of shares of
the Company's Common Stock with a grant date fair market value
equal to $31,250, subject to the conditions in the Release
Agreement, and (z) full vesting of any outstanding and unvested
equity awards granted to Mr. Murdy prior to the Resignation Date;
and (ii) on Jan. 15, 2018, subject to approval by the Board, a
fully vested grant of shares of the Company's Common Stock with a
grant date fair market value equal to $82,500.

Additionally, as previously announced, Jack E. Golsen, founder and
former chief executive officer of LSB, will step down as the
Company's executive chairman effective Dec. 31, 2017, but will
remain a member the Board in the role of Chairman Emeritus.  Daniel
D. Greenwell, LSB's CEO since December 2015, will succeed Mr.
Golsen as Board chairman and Richard Roedel will continue as the
Company's lead independent director.

LSB's President and CEO, Daniel Greenwell, stated, "The Board would
like to thank Jack Golsen for his years of leadership as our Board
Chairman.  Since founding LSB in 1969, he has been a driving force
behind our Company's emergence as a leading U.S. chemical
manufacturer.  Jack's experience and knowledge are invaluable to
LSB, and we look forward to continuing to work with him as a member
of our Board."

Mr. Greenwell continued, "I, along with my fellow directors, would
also like to thank Messrs. Murdy and Bobb for their service to our
Board and the contributions they've made to our progress in
improving our Company's strategy, operations and liquidity
position.  While we will miss the benefit of their insights, the
reduction in the size of our Board is consistent with our efforts
to enhance shareholder value through the continued reduction of our
administrative costs.  We thank Bill and Jonathan for their
service, and wish them all the best in their future endeavors."

                   About LSB Industries, Inc.

LSB Industries, Inc., headquartered in Oklahoma City, Oklahoma,
manufactures and sells chemical products for the agricultural,
mining, and industrial markets.  The Company owns and operates
facilities in Cherokee, Alabama, El Dorado, Arkansas and Pryor,
Oklahoma, and operates a facility for a global chemical company in
Baytown, Texas.  LSB's products are sold through distributors and
directly to end customers throughout the United States.  Additional
information about the Company can be found on its Web site at
www.lsbindustries.com.

LSB reported net income attributable to common stockholders of
$64.76 million for the year ended Dec. 31, 2016, compared to a net
loss attributable to common stockholders of $38.03 million in 2015.
As of Sept. 30, 2017, LSB Industries had $1.19 billion in total
assets, $582.54 million in total liabilities, $167.12 million in
redeemable preferred stocks and $445.21 milion in ttoal
stockholders' equity.

                           *    *    *

In October 2016, S&P Global Ratings lowered its rating on LSB
Industries to 'CCC' from 'B-'.  "Despite using the climate control
business sale proceeds to repay some debt, the company's metrics
have weakened due to plant operational issues and a depressed
pricing environment, which have led to depressed EBITDA
expectations," said S&P Global Ratings credit analyst Allison
Schroeder.

In November 2016, Moody's Investors Service downgraded LSB's
corporate family rating (CFR) to 'Caa1' from 'B3', its probability
of default rating to 'Caa1-PD' from 'B3-PD', and the $375 million
guaranteed senior secured notes to 'Caa1' from 'B3'.  LSB's 'Caa1'
CFR rating reflects Moody's expectations that the combined
uncertainty over operational reliability and the compressed
margins, resulting from the low nitrogen fertilizer pricing
environment, could result in continued weak financial metrics for a
protracted period.


M&G CHEMICALS: Files for Chapter 11 with Plans to Sell U.S. Assets
------------------------------------------------------------------
M&G Chemicals S.A., a unit of Italian chemical company Mossi &
Ghisolfi S.p.A., has sought Chapter 11 bankruptcy protection in
Delaware, in the United States, to pursue a sale process for a
still-to-be-completed plant in Corpus Christi, Texas, and other
assets in the U.S.

The M&G Group, through its chemicals division, is one of the
largest producers of polyethylene terephthalate ("PET") resin for
packaging applications in the world.  PET is a plastic polymer
produced principally from purified terephthalic acid ("PTA") and
monoethylene glycol, and is used to manufacture plastic bottles and
other packaging for the beverage, food and personal care
industries.

Dennis Stogsdill, Chief Restructuring Officer of M&G Chemicals,
recounts that in April 2013, M&G Chemicals began construction on a
vertically integrated PTA/PET plant in Corpus Christi, Texas.  When
completed, the Corpus Christi Plant will be the largest vertically
integrated single line PTA/PET production facility in the world and
the largest PTA plant in the Americas.  The facility's PET line
will have a nominal production capacity of 1.1 million tons per
year, while the integrated PTA line will have a nominal production
capacity of 1.3 million tons per year.

According to Mr. Stogsdill, construction of the Corpus Christi
Plant initially was expected to be completed in December 2015.
However, as a result of (a) construction costs far in excess of
what was initially projected, (b) disputes with their prior
engineering, procurement and construction firm resulting in the
filing of purported mechanics' liens against the property in excess
of $196 million, and (c) most recently, construction and supply
disruptions caused by Hurricane Harvey, completion of the Corpus
Christi Plant has been significantly delayed and the facility
remains less than 85% complete.

The CRO said the delays and rising costs at the Corpus Christi
Plant forced the Company to incur significant additional debt in an
attempt to complete the project.  At the same time, the plant's
inoperability made it impossible for the Debtors and their
affiliates to meet their obligations to future customers of the
Corpus Christi Plant and service their existing debt, which
depended, at least in part, on the revenue that was expected to be
generated by the Corpus Christi Plant's operations.  As a result,
the Company has been operating under severe liquidity constraints
over the past several months, forcing the Debtors to significantly
scale back construction and development at the Corpus Christi Plant
and cease operations at certain of their other facilities prior to
the Polymers Petition Date.

After exhaustively searching for funding from many potential
sources, it became apparent that additional financing would not be
available to the Debtors outside of a chapter 11 proceeding.
Accordingly, the Debtors commenced Chapter 11 cases to access the
$100 million debtor in possession financing.  The DIP Financing
will, among other things, fund the working capital needs of the
Debtors' remaining operations and a sale process for the Corpus
Christi Plant and certain of the Debtors' other U.S. assets.

                       Debtors' Business

The M&G Group, founded in 1953, has been engaged in the plastic
processing industry for over 60 years. In addition to operating
business lines related to the production of biofuels and polyester
fiber, through the Debtors and other members of the M&G Chemicals
Group, the M&G Group is engaged in the production of PET resin and
engineering relating to PET plants.

Prior to the Polymers Petition Date, the M&G Chemicals Group
employed over 950 people in 14 locations in six countries around
the world.  The Company is headquartered in Luxembourg and has
manufacturing locations in Brazil, Mexico and the United States.
Its plants in Suape, Brazil and Altamira, Mexico are the two
largest single line and most efficient PET producing plants
(measured in terms of operating costs per metric ton) in the
world.

In 2016, the M&G Chemicals Group's revenues reached $1.6 billion.
Its customers are major plastic packaging companies, including
Amcor Limited, Coca-Cola Cross Enterprise Procurement Group, Graham
Packaging Company LP and the Pepsi-Cola Company.

Historically, the M&G Chemicals Group has been successful in
competing in the PET industry by being able to position its cost
curve substantially below the industry average by leveraging
proprietary engineering and technology, which has enabled the
Company to build much larger and more efficient plants.

Additionally, the Company operates an engineering, procurement and
construction business that specializes in the provision of services
and solutions to the petrochemical, polymer, fiber, energy,
biofuels and environmental technology sectors, through Debtor
Chemtex International Inc. and its Debtor and non-Debtor
subsidiaries.  The Chemtex Group has operations in the United
States, China and India and provides engineering services and
solutions to independent customers as well as internal projects
undertaken by members of the M&G Group.  In 2013, Sinopec
Engineering (Group) Co., Ltd., the general contractor for the
Corpus Christi Plant, subcontracted all activities related to
project management and procurement for the project to Chemtex.

              Debtors' Prepetition Indebtedness

As of the Petition Date, the Debtors had outstanding debt in the
aggregate principal amount of nearly $1.7 billion under 11
financing arrangements:

                                                 (USD millions)
    Lender                                    Amount Outstanding
    ------                                    ------------------
    Sculptor Investments IV S.a r.l.               $37.5 million

    Banco Inbursa, S.A., Institucion de Banca
     Multiple, Grupo Financiero Inbursa           $120.0 million

    Sculptor Investments IV S.a r.l.               $72.5 million

    Delta Lloyd Levensverzekering N.V. and
     Delta Lloyd Life N.V.                         $83.3 million

    Banco Inbursa, S.A., Institucion de Banca
     Multiple, Grupo Financiero Inbursa           $436.0 million

    Industrial and Commercial                     $350.0 million
      Bank of China Ltd

    Banco do Brasil S.A., New York Branch          $35.0 million

    Macquarie Investments US Inc.                  $55.5 million

    DAK Americas, LLC                             $435.0 million

    Comerica Bank M&G Polymers USA, LLC            $50.0 million

    Banca Monte dei Paschi di Siena S.p.A,
     New York Branch                               $10.0 million
                                                 ---------------
                              Total             $1,684.8 million

In addition to the funded debt obligations, due to the severe
liquidity constraints the Debtors were experiencing prior to the
filing of these Cases, the Debtors owe significant amounts to their
raw materials suppliers.  As of the Petition Date, the Debtors
estimate that they owe approximately $250 million in past due
amounts to their suppliers.

                   Events Leading to Chapter 11

The delays and cost overruns at the Corpus Christ Plant are the
primary cause of the Company's liquidity crisis that led to the
filing of the Chapter 11 cases.  Mechanical completion of the
Corpus Christi Plant was originally projected to occur in December
2015 at a cost of $1.1 billion.  As construction progressed,
however, the Company was repeatedly required to adjust the planned
schedule and budget to account for (a) changes in the overall
approach to construction of the plant due to design and technical
problems, (b) delays due to the weather, (c) subcontractors failing
to meet deadlines and cost projections, (d) engineering audits and
(e) delays in equipment delivery.  To date, the Company has spent
$1.86 billion on construction of the Corpus Christi Plant and it is
estimated that a further $505 million is required to complete
construction and render the facility fully operational.  Liquidity
constraints forced the Company to scale back construction and
further development of the Corpus Christi Plant site prior to the
filing of the Cases.

By far the most significant factor contributing to the cost
overruns and delays at the Corpus Christi Plant is higher than
expected construction costs.  Although equipment costs remained
within budget for the project, labor costs far exceeded
expectations. Specifically, labor costs for construction of the
Corpus Christi Plan have averaged about $104 per hour, compared
with the $55 to $60 per hour that was budgeted, due to market
forces and low productivity.  Delays and costs related to labor
further increased last December, when one of the Debtors' major
subcontractors declared it was stopping work and walked off the job
without proper justification.

These escalating cost overruns forced the Company to incur greater
debt in the months leading up to the filing of these Cases in an
effort to complete the Corpus Christi Plant and commence operations
at that facility. Specifically, the Debtors engaged in additional
borrowings under the U.S. Inbursa Facility, sold additional
incremental future capacity to DAK under the Capacity Reservation
Agreement and issued the 2019 Bonds and 2023 Bonds with the
expectation that the funds generated would be sufficient to fund
working capital expenditures and completion of construction of the
Corpus Christi Plant.

The Debtors also sought to raise capital by other means, including
by, among other things, engaging in pre-buy contracts with their
customers, whereby customers agreed to pay upfront for PET to be
delivered in the future.  Ultimately, however, these measures were
insufficient.  Rising construction costs not only increased the
cost to complete the Corpus Christi Plant, but the attendant delays
in completion of the facility meant that the Debtors were unable to
generate revenue from the sale of PET resin that they expected to
be able to produce in 2016 and 2017.

These circumstances, when coupled with other market
forces—including (a) higher raw material costs due to supply
shortages, (b) a recent wave of competing low-priced imports that
flooded the U.S. market and (c) discounts the Company was forced to
offer to certain customers in response to a competitor slashing
prices as it exited the marketplace— placed the Company in a
precarious liquidity position.

Recognizing these liquidity constraints and the need to finish
construction of the Corpus Christi Plant as quickly as possible,
the Company, with the assistance of its investment banker,
Rothschild, Inc., pursued a variety of potential capital-raising
efforts throughout this past summer and, in fact, the Debtors
anticipated closing on a new source of capital that would have
largely alleviated their liquidity concerns in July of 2017.  As
August progressed, however, it became clear that this new capital
source was not going to close in the near term.

Further, during the course of the summer, the Company had been
forced to delay payments to its raw materials suppliers due to its
liquidity constraints and, as the weeks and months progressed and
past due balances grew, those suppliers became increasingly less
willing to accept delayed payment terms from the Debtors. Many of
the suppliers threatened to withhold or delay raw material
shipments to the Company, and those vendors that remained willing
to ship goods demanded cash on delivery.

With the need for liquidity becoming critical, on August 21, 2017,
the Debtors engaged Jones Day as restructuring counsel. Shortly
thereafter, in the first week of September, the Company engaged
with its key stakeholders in order to seek access to additional
liquidity.

These discussions eventually led to an agreement by Inbursa, DAK
and one of M&G Chemicals' equity holders, Magnate S.a r.l., to
provide the Company with emergency financing to pay necessary
expenses and prepare for a potential chapter 11 filing.
Accordingly, on Sept. 12, 2017, M&G Resins and Inbursa entered into
an amendment to the U.S. Inbursa Facility pursuant to which Inbursa
agreed to advance a total of $6 million in additional funds to the
Company (the "September Advance"), with DAK and Magnate each
participating in the amount of $2 million.

While its discussions with its key stakeholders remained ongoing,
the Company endeavored to find other ways to maintain its supply
chain, including by continuing to negotiate further extended
payment terms with its key suppliers.  Ultimately, however, these
efforts were unsuccessful and, on September 5, 2017, the Company
was forced to shut down operations at its PET manufacturing
facility in Altamira, Mexico because it lacked the necessary raw
materials to continue production.  This shut down negatively
affected the remainder of the M&G Chemicals Group, including, in
particular, Debtor M&G Polymers' operations at the Apple Grove
Plant, which derived nearly 50% of its sales from PET resin
produced by the Altamira plant.  While the Debtors were able to
maintain manufacturing operations at the Apple Grove Plant for
several weeks following the shut down at the Altamira plant, a lack
of liquidity to purchase necessary raw materials eventually forced
the Debtors to cease production at the Apple Grove Plant on October
22, 2017.

Despite the Debtors' best efforts, the September Advance and the
Company's discussions with its key stakeholders did not lead to the
provision of sufficient liquidity to avoid a chapter 11 filing;
however, with the cooperation of DAK and Magnate, an affiliate of
Inbursa did offer the DIP Financing, which will allow the Debtors
funding necessary to pursue an organized and orderly sale of the
Corpus Christi Plant and certain other assets.

                         Sale Milestones

The Debtors have filed Chapter 11 cases, in part, to access
financing that will allow them to maintain a minimum level of
operations and fulfill obligations to certain of their key creditor
constituencies while they conduct a sale of certain of their U.S.
assets.  The Debtors have secured a $100 million senior secured
term loan debtor-in-possession credit facility from Control
Empresarial de Capitales, S.A. De C.V., an affiliate of Inbursa.
The Debtors' obligations under the DIP Credit Facility will be
secured by liens on the majority of the Debtors' assets that are
senior to all existing liens on the Debtors' property except:

    (a) any liens existing as of the Petition Date or subsequently
perfected pursuant to section 546(b) of the Bankruptcy Code that
are senior to any portion of the liens securing the U.S. Inbursa
Facility (the "Senior Prior Liens") and

    (b) any liens securing the portion of the U.S. Inbursa Facility
that is senior to the Senior Prior Liens.

The DIP Credit Facility will permit the Debtors to run a controlled
and orderly sale process and fulfill their obligations to certain
key creditor constituencies.  Without the DIP Financing, the
Debtors will experience an immediate liquidity shortfall and will
be unable to conduct a sale process in a way that preserves value
for its creditors.  Specifically, the DIP Credit Facility will
ensure that the Debtors are able to maintain the level of
operations at the Corpus Christi Plant necessary to secure the
safety and preservation of the facility and avoid the incurrence of
additional liabilities that could result from an immediate and
uncontrolled cessation of operations.

The principal terms of the DIP Credit Facility are:

    * Debtor M&G Resins is the borrower under the DIP Credit
Facility and the other Debtors, other than M&G Polymers M&G
Chemicals, M&G International and M&G Capital, are guarantors.

    * Trimont Real Estate Advisors, LLC has been designated to
serve as administrative and collateral agent.

    * The maturity of the DIP Credit Facility is the earlier of:
(a) 6 months after the Petition Date; (b) 183 days after the
closing of the DIP Credit Facility, (c) the date of a sale of all
or substantially all of the assets pledged as collateral for the
DIP Credit Facility or (d) upon acceleration of the obligations
following an event of default under the DIP Credit Facility.

    * The interest rate payable by the Debtors under the DIP Credit
Facility is LIBOR + 9.5% and is payable monthly in arrears.

    * The DIP Lender will be authorized to fund a loan under the
DIP Credit Facility in an amount sufficient to repay the September
Advance and M&G Resins shall be authorized to draw and shall be
deemed to have drawn on the DIP Credit Facility in order to
effectuate this roll-up.

Additionally, the DIP Credit Facility sets forth a series of
milestones that the Debtors must adhere to in order to avoid an
event of default.  These milestones include:

   -- Entry of an order approving the Debtors' entry into the DIP
Credit Facility on an interim basis within three days of the date
hereof;

   -- Entry of an order approving the Debtors' entry into the DIP
Credit Facility on a final basis within 30 days of the date
hereof;

   -- The Debtors' delivery of a business plan to the DIP Lender,
including a comprehensive cost-to-complete assessment for the
Corpus Christi Plant within 60 days of the date hereof;

   -- The Debtors' filing of a motion seeking approval of bidding
procedures and authority to sell substantially all of Debtors'
assets (the "Sale Motion"), including the Corpus Christi Plant,
within 15 days of the date hereof;

   -- Entry of an order approving the bidding procedures set forth
in the Sale Motion no later than 25 days after the filing of the
Sale Motion;

   -- A deadline for bids for the purchase of the Debtors' assets
of no later than 75 days after entry of the Bidding Procedures
Order;

   -- An auction for the sale of the Debtors' assets no later than
three business days after the Bid Deadline;

   -- Entry of a order approving a sale of the Debtors' assets no
later than 10 business days after the Bid Deadline; and

   -- The closing of any sale and distribution of sale proceeds
within the later of (a) 25 days after the Bid Deadline or (b) five
days following the receipt of necessary regulatory approvals.

                       About M&G Chemicals

Founded in 1953, M&G Group is a privately owned chemical company in
Italy and is controlled through the holding company M&G Finanziaria
S.p.A.  The M&G Group -- specifically, its chemicals division,
which includes M&G Chemicals S.A. -- is a producer of polyethylene
terephthalate resin for packaging applications.  PET is a plastic
polymer produced principally from purified terephthalic acid and
monoethylene glycol, and is used to manufacture plastic bottles and
other packaging for the beverage, food and personal care
industries.

M & G USA Corporation, parent M&G Chemicals S.A. and 9 of its
direct and indirect subsidiaries sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 17-12307) on Oct. 30, 2017.  The Hon.
Brendan L. Shannon is the case judge.

The Debtors tapped Jones Day and Pachulski Stang Ziehl & Jones LLP
as restructuring counsel; Alvarez & Marsal North America, LLC, as
restructuring adviser; Rothschild Inc. as investment banker; and
Prime Clerk, LLC, as claims and noticing agent.

M & G USA estimated assets and debt of $1 billion to $10 billion.


MAC ACQUISITION: U.S. Trustee Forms 7-Member Committee
------------------------------------------------------
Andrew Vara, acting U.S. trustee for Region 3, on Oct. 30 appointed
seven creditors to serve on the official committee of unsecured
creditors in the Chapter 11 cases of Mac Acquisition, LLC, and its
affiliates.

The committee members are:

     (1) Aramark Uniform & Career Apparel, LLC
         Attn: Ed Friedler
         115 North First Street
         Burbank, CA 91502
         Phone: 818-953-4504
         Fax: 818-973-3793

     (2) Chas P. Young Company,
         an RR Donnelley Company
         Attn: Robert Larsen
         4101 Winfield Road
         Warrenville, IL 60555
         Phone: 630-322-6006
         Fax: 630-322-6893

     (3) Darrell Evans
         Attn: Michael Lingle, Esq.
         Thomas & Solomon
         693 East Avenue
         Rochester, NY 14607
         Phone: 516-272-0540
         Fax: 516-272-0574

     (4) J. Nazzaro Partnership LP
         Attn: James Nazzaro
         8 Saxon Avenue, Suite C
         Bay Shore, NY 11706
         Phone: 631-650-7836
         Fax: 631-650-7952

     (5) Casual Dining Cool Springs, LLC
         Attn: Val Nasano
         26 Knights Court
         Upper Saddle River, NJ 07458
         Phone: 201-832-0293
         Fax: 845-429-4538

     (6) Simon Property Group, Inc.
         Attn: Ronald Tucker
         225 W. Washington Street
         Indianapolis, IN 46204
         Phone: 317-263-2346
         Fax: 317-263-7901

     (7) NCR Corporation
         Attn: Robert Waddell, Jr.
         3097 Satellite Blvd., Bldg. 700
         Duluth, GA 30096
         Phone: 678-808-7168
         Fax: 404-487-4989

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 Mac Acquisition LLC

Mac Acquisition LLC, et al. -- https://www.macaronigrill.com/ --
operate full-service casual dining restaurants under the trade
name, "Romano's Macaroni Grill."  As of Oct. 18, 2017, the company
operates 93 company-owned restaurants located in 23 states, with a
workforce of approximately 4,600 employees. Non-debtor affiliate
RMG Development franchises an additional 23 restaurants in Florida,
Hawaii, Illinois, Texas, Puerto Rico, Mexico, Bahrain, Egypt, Oman,
the United Arab Emirates, Qatar, Germany, and Saudi Arabia.

During 2016, Mac Acquisition and RMG generated gross revenues
through restaurant sales and franchisee payments of approximately
$230 million.

On Oct. 18, 2017, Mac Acquisition LLC, and eight affiliates sought
Chapter 11 protection (Bankr. D. Del. Lead Case No. 17-12224).  Mac
Acquisition's estimated assets of $10 million to $50 million and
debt at $50 million to $100 million.

The Hon. Mary F. Walrath is the case judge.

The Debtors tapped Young Conaway Stargatt & Taylor, LLP, as
Delaware bankruptcy counsel; Gibson, Dunn & Crutcher LLP, as
general bankruptcy counsel; Mackinac Partners, LLC, and financial
advisor. Donlin, Recano & Company, Inc., is the claims agent.


MAYFAIR-CORCORAN LLC: Webb Ventures Buying DC Property for $2.1M
----------------------------------------------------------------
Mayfair-Corcoran, LLC, asks the U.S. Bankruptcy Court for the
District of Columbia to authorize the sale of the real property
located at 1720-1721 Corcoran Street NE, Washington, DC, together
with related personal and intangible property located thereon, to
Webb Ventures, LLC and/or Assigns for $2,128,000.

The Property is improved by two residential apartment buildings
with a total of 19 apartment units, known as the Corcoran House
Apartments.  The Debtor owns the Corcoran House Apartments on the
Property, although the project is currently being managed by a
receiver pursuant to a Consent Order entered by the Superior Court
of the District of Columbia in its Case No. 2017 C.A. 003403 R
(RP), and an order of the Bankruptcy Court entered in the case on
Sept. 26, 2017.  It purchased the Property from Carroll Associates,
LLC and Laurence H. Lipnick, Robert N. Lipnick, and William C.
Lipnick on Aug. 15, 2011.

Two consensual liens encumber the Property: (i) a first-priority
deed of trust securing a promissory note dated as of July 31, 2013,
in the original principal amount of $1,175,000, assigned to Federal
National Mortgage Association ("Fannie Mae"); and (ii) a
second-priority deed of trust securing a promissory note dated as
of Oct. 16, 2015, in the original principal amount of $316,000 also
assigned to Fannie Mae.  In addition, the District of Columbia
recorded eight Litter Control Administration Act liens against the
Property in February 2017.

The Debtor's schedules, as filed with the Court on Oct. 11, 2017,
reflect that as of the Petition Date there were unsecured priority
claims against its estate of approximately $2,251, and unsecured
non-priority, non-insider claims against its estate of
approximately $34,287, for total non-insider unsecured claims of
approximately $36,538.  While it is possible that additional
prepetition claims against it may be identified or asserted, the
Debtor is unaware of any such claims.

Since acquiring the Property, the Debtor has used its revenues to
pay for quality services to its residents and to maintain and
improve the Property's physical condition and systems.
Nonetheless, the Property has not generated sufficient cash flow to
permit the Debtor to satisfy all of its loan and operational
obligations as they have come due.

In light of its limited financial success and Fannie Mae's efforts
to take control, and conduct a foreclosure sale of, the Property,
the Debtor determined that it was in its best interests, and that
of its residents and creditors, to sell the Property to an
independent third party at a price that would allow the Debtor to
satisfy the Notes and the Debtor's other financial obligations.

The Purchaser initiated the sale process by contacting the Debtor
to express interest in the Property.  The parties were familiar
with each other because the Purchaser's principal, Cameron Webb, is
a real estate broker who sells multi-family residential properties
in the DC metropolitan area, who has acted as broker for properties
owned by entities affiliated with Sanford Capital, LLC, which holds
a majority of the membership interests in the Debtor.

Following Purchaser's initial expression of interest, the Debtor
and Purchaser engaged in arm's-length negotiations which resulted
in the Purchase and Sale Agreement, dated as of July 6, 2017, for
the sale of the Property to Purchaser for the cash price of
$2,128,000, free and clear of all liens and interests.  Pursuant to
the Purchase Agreement, the Purchaser has lodged an earnest money
deposit of $50,000 with Premium Title & Escrow, which will be
applied against the purchase price at closing.

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

    http://bankrupt.com/misc/Mayfair-Corcoran_LLC_52_Sales.pdf

The Debtor intends to pay any and all unpaid real estate taxes and
charges for utilities relating to the Property from the proceeds of
sale at closing.  The sale will be subject to all existing tenant
leases for apartment units at the Property.  Once creditors are
paid in full, the members of the Debtor will be entitled to the
remaining sale proceeds.  Because the members will receive the
proceeds of sale, net of creditor claims, the members alone have an
interest in the adequacy of the sale price under the Purchase
Agreement.  Members of the Debtor support the Purchase Agreement.
Accordingly, because creditors will be paid in full and the members
are satisfied with the sale price, the Debtor submits that no
further marketing of the Property is necessary.

The Purchaser:

          Cameron Webb
          WEBB VENTURES, LLC
          7200 Wisconsin Ave.
          Suite 1101
          Bethesda, MD 20814
          Telephone: (202) 536-3725

Counsel for the Debtor:

          Stephen E. Leach, Esq.
          Kristen E. Burgers, Esq.
          HIRSCHLER FLEISCHER PC
          8270 Greensboro Drive, Suite 700
          Tysons, Virginia 22102
          Telephone: (703) 584-8900
          Facsimile: (703) 584-8901
          E-mail: sleach@hf-law.com
                  kburgers@hf-law.com

Mayfair-Corcoran, LLC, sought Chapter 11 protection (Bankr. D.D.C.
Case No. 17-00513-SMT) on Sept. 13, 2017.


MONTCO OFFSHORE: Seeks to Hire Drinker Biddle as Lead Counsel
-------------------------------------------------------------
Montco Offshore, Inc. has filed an amended application seeking
approval from the U.S. Bankruptcy Court for the Southern District
of Texas to hire Drinker Biddle & Reath LLP as counsel in the
Chapter 11 cases of the company and its affiliates.

The company had previously requested to employ the firm as special
counsel to provide legal advice on any restructuring issue related
to the confirmation of a bankruptcy plan and any sale of assets of
the company and its affiliates.

Montco anticipates that Drinker Biddle will serve as lead
restructuring counsel, in consultation with DLA Piper LLP, another
firm hired by Montco to be its legal counsel.  Specifically, the
firm will render these services:

     (a) providing legal advice regarding the Debtors' powers
         and duties;

     (b) attending meetings and negotiating with representatives
         of creditors and other parties, and advising and
         consulting on the conduct of the bankruptcy cases,
         including the legal and administrative requirements
         of operating in Chapter 11;

     (c) taking necessary action to protect and preserve the
         Debtors' estates, including the prosecution of actions
         commenced under the Bankruptcy Code on their behalf
         and objections to claims filed against the estate;

     (d) preparing and prosecuting on behalf of the Debtors
         court documents necessary to the administration of
         the estates;

     (e) appearing in court and protecting the interests of
         the Debtors before the court.

The attorneys and paralegal expected to provide the services and
their hourly rates are:

     Vincent Slusher     Partner            $835
     Stacy Lutkus        Senior Attorney    $515
     Daniel Northrop     Paralegal          $345

Vincent Slusher, Esq., disclosed in a court filing that his firm is
a "disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

In accordance with Appendix B-Guidelines for reviewing fee
applications filed by attorneys in larger Chapter 11 cases, Mr.
Slusher disclosed that the firm's hourly rates for its employment
with the Debtors are consistent with those rates that it charges
other comparable Chapter 11 clients.

Mr. Slusher also disclosed that the firm did not represent the
Debtors in the 12 months prior to their bankruptcy filing and that
it expects to develop a prospective budget and staffing plan.

Drinker Biddle can be reached through:

     Vincent P. Slusher, Esq.
     Drinker Biddle & Reath LLP
     1717 Main St., Suite 5400
     Dallas, TX 75201-7367
     Phone: (469) 357-2500
     Fax: (469) 327-0860

                     About Montco Offshore

Based in Galliano, Louisiana, Montco Offshore, Inc. --
http://www.montco.com/mo-- was founded by the Orgeron family in
1948.  Over its 60+ years, the Company has served the offshore
energy industries with crew boats, ocean-going tugs, deck barges,
supply boats, and liftboats. Currently, Montco specializes in
liftboats ranging in size from 235 feet to 335 feet which provide
the best quality and safety of service for customers requiring
versatile elevated vessels/work-platforms.  Montco has total fleet
of six vessels includes (a) two 335' class liftboats, known as (i)
"Robert," which was unveiled in the first quarter of 2012, and (ii)
"Jill," which was completed in 2014; (b) two 245' class liftboats,
known as (i) "Kayd," which was completed in 2006, and (ii)
"Myrtle;" which was completed in 2002; and (c) two 235' class
liftboats, each completed in 2009, known as (i) "Paul," and (ii)
"Caitlin."

Montco Offshore, Inc., and its affiliate Montco Oilfield
Contractors, LLC, filed separate Chapter 11 petitions (Bankr. S.D.
Tex. Lead Case No. 17-31646) on March 17, 2017.  The petitions were
signed by Derek C. Boudreaux, the CFO.

As of the Petition Date, on a book basis, Montco Offshore had an
aggregate of approximately $265 million in total assets and
approximately $136 million in total liabilities.  MO Contractors
had approximately $84 million in total assets (which are mostly
made up of receivables) and approximately $126 million in total
liabilities.

As of the Petition Date, the Debtors estimated that $5.3 million
was due and owing to holders of prepetition trade claims against MO
Contractors, and $75 million was due and owing to holders of
prepetition trade claims against MO Contractors, not including the
intercompany obligations.

The cases are assigned to Judge Marvin Isgur.

DLA Piper LLP (US) is serving as the Debtors' bankruptcy counsel,
with the engagement led by Vincent P. Slusher, Esq., David E.
Avraham, Esq., and Adam C. Lanza, Esq.  Blackhill Partners, LLC, is
the Debtors' financial advisor and investment broker, with Joe
Stone, Todd Heinz, and Tripp Ballard leading the engagement.  BMC
Group, Inc., is the claims and noticing agent.

On March 29, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  Porter Hedges LLP is
serving as counsel to the Creditors Committee, with the engagement
led by John F Higgins, IV, Joshua W. Wolfshohl, and Eric Michael
English.


MSR RESORT: District Court Rejects Conlon's Fees Opinion Appeal
---------------------------------------------------------------
Judge Vernon S. Broderick of the U.S. District Court for the
Southern District of New York granted MSR Liquidating Trustee,
LLC's motion to dismiss with prejudice the appeals case captioned
CONLON GROUP ARIZONA, LLC Appellant, v. MSR LIQUIDATING TRUSTEE,
LLC, as Liquidating Trustee of MSR Liquidation Trust, Appellee,
Nos. 17-CV-996 (VSB), 17-CV-1015 (VSB) (S.D.N.Y.).

Conlon filed its notice of appeal of the Merits Opinion on Oct. 6,
2016, and its notice of appeal of the Fees Opinion on Dec. 1, 2016.
Conlon filed its designation of items to be included in the record
on appeal and a statement of the issues to be presented
("Designation and Statement") for both appeals on Feb. 10, 2017.

In its motion to dismiss, MSR argues that Conlon's appeal must be
dismissed under FRBP 8009 because Conlon failed to timely file its
Designation and Statement on appeal. In opposing, Conlon
"recognizes and acknowledges the seriousness of its failure to
comply with [FRBP] 8009(a)(1)," but asks that Judge Broderick
exercise his discretion and finds under the circumstances presented
here that there was excusable neglect.

Here, Conlon's only justification for its failure to file a timely
Designation and Statement is its inability to retain counsel
"willing to take any step in the appellate process beyond filing
notices of appeal," largely because of a lack of funds. Conlon
contends that, given that corporations may not proceed pro se, it
was not possible for it to comply with FRBP 8009 until counsel was
retained. In its opposition and accompanying declarations, Conlon
unequivocally acknowledges that it was fully aware of the deadline
for filing its Designation and Statement, and simply chose to
"flout" it.

Judge Broderick opines that he does not consider Conlon's inability
to retain counsel in these circumstances to be the result of
inadvertence, miscalculation, or neglect, nor was it the result of
intervening circumstances beyond Conlon's control. As a result,
Conlon's failure to follow FRBP 8009 was not the result of
"excusable neglect," and the appeal is dismissed with prejudice.

A full-text copy of Judge Broderick's Memorandum and Opinion dated
Oct. 20, 2017, is available at https://is.gd/WDYu5v from
Leagle.com.

Conlon Group Arizona, LLC, Appellant, represented by Michael A.
Gross, Michael Gross Law Office, pro hac vice.

MS Resorts Liquidating Trustee, LLC, Appellee, represented by Chad
John Husnick -- chad.husnick@kirkland.com -- Kirkland & Ellis LLP,
Christian Robert Reigstad -- christian.reigstad@kirkland.com --
Kirkland & Ellis LLP, Douglas B. Rosner --
drosner@goulstonstorrs.com -- Goulston & Storrs, P.C., pro hac
vice, Eric Foster Leon, Latham & Watkins LLP, James H.M. Sprayregen
-- james.sprayregen@kirkland.com -- Kirkland & Ellis LLP, Paul
Basta -- paul.basta@kirkland.com -- Kirkland & Ellis LLP & Peter D.
Bilowz -- pbilowz@goulstonstorrs.com -- Goulston & Storrs, P.C.,
pro hac vice.

                         About MSR Hotels

MSR Hotels & Resorts, Inc., returned to Chapter 11 by filing a
voluntary bankruptcy petition (Bankr. S.D.N.Y. Case No. 13-11512)
on May 8, 2013 in Manhattan, to thwart a lawsuit by lender Five
Mile Capital Partners, which claims it is owed tens of millions of
dollars related to the sale of several luxury resorts in a prior
bankruptcy.  MSR Hotels also seeks to sell its remaining assets and
wind down.

Paul M. Basta, Esq., at Kirkland & Ellis, LLP, represents the 2013
Debtor.

MSR Hotels owned a portfolio of eight luxury hotels with over 5,500
guest rooms.  On Jan. 28, 2011, CNL-AB LLC acquired the equity
interests in the portfolio through a foreclosure proceeding.
CNL-AB LLC is a joint venture consisting of affiliates of Paulson &
Co. Inc., a joint venture affiliated with Winthrop Realty Trust,
and affiliates of Capital Trust, Inc.

Morgan Stanley's CNL Hotels & Resorts Inc. owned the resorts before
the January 2011 foreclosure.

Following the acquisition, five of the resorts with mortgage debt
scheduled to mature on Feb. 1, 2011, were sent to Chapter 11
bankruptcy by the Paulson and Winthrop joint venture affiliates.
Then known as MSR Resort Golf Course LLC, the company and its
affiliates filed for Chapter 11 protection (Bankr. S.D.N.Y. Lead
Case No. 11-10372) in Manhattan on Feb. 1, 2011.  The resorts
subject to the 2011 filings were Grand Wailea Resort and Spa,
Arizona Biltmore Resort and Spa, La Quinta Resort and Club and PGA
West, Doral Golf Resort and Spa, and Claremont Resort and Spa.

In the 2011 petitions, the five resorts had $2.2 billion in assets
and $1.9 billion in debt as of Nov. 30, 2010.  In its 2011
schedules, MSR Resort disclosed $59,399,666 in total assets and
$1,013,213,968 in total liabilities.

In the 2011 bankruptcy, James H.M. Sprayregen, P.C., Esq., Paul M.
Basta, Esq., Edward O. Sassower, Esq., and Chad J. Husnick, Esq.,
at Kirkland & Ellis, LLP, served as the Debtors' bankruptcy
counsel.  Houlihan Lokey Capital, Inc., acted as the Debtors'
financial advisor.  Kurtzman Carson Consultants LLC acted as the
Debtors' claims agent.

The Official Committee of Unsecured Creditors in the 2011 case was
represented by Martin G. Bunin, Esq., and Craig E. Freeman, Esq.,
at Alston & Bird LLP, in New York.

In March 2012, the Debtors won Court approval to sell the Doral
Golf Resort to Trump Endeavor 12 LLC, an affiliate of Donald
Trump's Trump Organization LLC, for $150 million.  An auction was
held in February that year but no other bids were received.

The 2011 Debtors won approval of a bankruptcy-exit plan that was
predicated on the sale of the remaining four resorts by the
Government of Singapore Investment Corp. -- the world's
eighth-largest sovereign wealth fund, according to the Sovereign
Wealth Fund Institute -- for $1.5 billion.  U.S. Bankruptcy Judge
Sean Lane, who oversaw the 2011 cases, overruled Plan objections by
the U.S. Internal Revenue Service and investor Five Mile.  The IRS
and Five Mile alleged that the sale created a tax liability of as
much as $331 million that may not be paid.  That Plan was declared
effective on Feb. 28, 2013.

On April 9, 2013, Five Mile sued Paulson & Co. executives and MSR
Hotels in New York state court, alleging they (i) mishandled the
company's intellectual property and other assets in a bankruptcy
sale, and failed to get the best price for the assets, and (ii) owe
Five Mile $58.7 million on a loan.  According to a Reuters report,
Five Mile seeks $58.7 million representing sums owed, including
interest and costs, plus at least $100 million for breach of
fiduciary duty, gross negligence and corporate waste.

The 2013 Debtor has two critical court dates: a Jan. 30, 2014
auction to locate the best bid for trademarks not sold in the prior
bankruptcy; and a Feb. 6 hearing to approval a Chapter 11 plan.

In the 2013 case, MSR Hotels originally listed assets of $785,000
and liabilities totaling $59.2 million.  Debt at that time included
$59.1 million owing to Midland, a secured creditor in the five
resorts' bankruptcy.  Midland has a lien on the three resorts'
trademarks.  Other than the trademarks, MSR Hotels' other assets
were listed as being $150,000 in unrestricted cash.  The company
has no operations. Revenue in 2012 was $32,500, according to a
court filing.


NC DEVELOPMENT: November 11 Disclosure Statement Hearing
--------------------------------------------------------
The Hon. Rebecca B. Connelly of the U.S. Bankruptcy Court for the
Western District of Virginia will hold a hearing to consider
approval of the Disclosure Statement filed by NC Development,
L.L.C. on November 11, 2017 at 11:00 a.m.

November 8, 2017, is fixed as the last date for filing and serving
written objections to the Disclosure Statement in accordance with
Rule 3017(a).

October 31, 2017 is fixed as the last date for the filing of proof
of claims, pursuant to Rule 3003(c)(3).

            Hannah White Hutman, Esq.
            Hoover Penrod, PLC
            342 South Main Street
            Harrisonburg, VA 22801

                     About NC Development LLC

NC Development, LLC listed its business as a single asset real
estate (as defined in 11 U.S.C. Section 101(51B)) whose principal
assets are located at 320 Hope Drive, Winchester, Virginia.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W.D. Va. Case No. 17-50630) on June 29, 2017.  Matthew
Carroll, managing member, signed the petition.

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

Judge Rebecca B. Connelly presides over the case.  Hoover Penrod
PLC is the Debtor's bankruptcy counsel. The Debtor taps Oak Crest
Commercial Real Estate as real estate broker.

The Debtor previously filed a Chapter 11 petition (Bankr. D. Md.
Case No. 11-13720). The petition was filed on February 25, 2011.


NEIMAN MARCUS: Bank Debt Trades at 20.35% Off
---------------------------------------------
Participations in a syndicated loan under Neiman Marcus Group Inc
is a borrower traded in the secondary market at 79.65
cents-on-the-dollar during the week ended Friday, October 27, 2017,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 1.00 percentage points from the
previous week.  Neiman Marcus Group Inc pays 300 basis points above
LIBOR to borrow under the $2.9 billion facility. The bank loan
matures on October 16, 2020 and Moody's Caa1 rating and Standard &
Poor's CCC rating.  The loan is one of the biggest gainers and
losers among 247 widely quoted syndicated loans with five or more
bids in secondary trading for the week ended October 27.


OAKRIDGE HOLDINGS: DIP Maturity Date, Milestones Extended 120 Days
------------------------------------------------------------------
Oakridge Holdings Inc. said that the maturity date of DIP loan
agreement and dates of certain "milestones" contained in DIP loan
agreement have been extended by 120 days.

Oakridge Holdings, Inc., and its operating subsidiary, Stinar HG,
Inc., are parties to a Debtor-In-Possession Loan Agreement, dated
as of May 22, 2017, by and among Debtors and Krukeberg Industries,
LLC, pursuant to which the Krukeberg Industries, LLC has agreed to
loan certain amounts to Stinar HG, Inc.

By order of the Bankruptcy Court, dated Oct. 25, 2017 and with the
consent of the parties to the DIP Loan Agreement, the Maturity Date
of the DIP Loan Agreement and the dates of certain other
"Milestones" contained in the DIP Loan Agreement have been extended
by 120 days, as follows:

    * The Maturity date of the DIP Loan Agreement has been extended
by 120 days to the earliest to occur of (a) 45 calendar days after
the Petition Date, if the Bankruptcy Court has not entered a final
borrowing order on or before that date (b) January 17, 2018 -- 240
calendar days after the Petition Date; (c) the date on which a plan
of reorganization for Debtors, in a form and substance satisfactory
to the DIP Lender, in its sole and absolute discretion, becomes
effective; and (d) the occurrence and continuation of certain other
customary events of default, including the failure of certain
customary milestone events identified in the DIP Loan Agreement.

    * The Milestone date by which the Bankruptcy court will have
entered an order confirming a plan of reorganization for Stinar HG
has been extended by 120 days to Dec. 30, 2017.

    * The Milestone date by which the a plan of reorganization for
Stinar HG will have become effective has been extended by 120 days
to Feb. 3, 2018.

                    About Stinar HG & Oakridge

Stinar HG, Inc., d/b/a The Stinar Corporation, is a Minnesota-based
company that manufactures ground support equipment for the aviation
industry.  The late Frank Stinar founded Stinar Corp. in 1946.
Stinar's products are used to load, service, and maintain all types
of aircraft for both government and commercial applications.  The
company's corporate headquarters and its 40,000-square foot
manufacturing facility are in Eagan, Minnesota.

On June 29, 1998, Oakridge Holdings, Inc. (OTCMKTS:OKRGQ), a
publicly held Minnesota-based company, became the new owner of
Stinar.  Currently, Stinar is the only asset of Oakridge Holdings.

The largest shareholder of Oakridge Holdings is Robert Harvey who
holds approximately 21% of the outstanding shares.

Oakridge Holdings and operating unit Stinar HG filed bankruptcy
Chapter 11 petitions (Bankr. D. Minn. Case Nos. 17-31669 and
17-31670, respectively) on May 22, 2017. Robert C. Harvey, CEO and
president, signed the petitions.

On May 26, 2017, the Court entered an Order allowing the joint
administration of the Chapter 11 cases under Bankr. D. Minn. Case
No. 17-31670.

At the time of filing, debtor Oakridge Holdings disclosed total
assets of $990,237 and total liabilities of $2.17 million, while
debtor Stinar HG disclosed total assets of $8.22 million and total
liabilities of $2.91 million.

The cases are assigned to Judge Kathleen H Sanberg.

The Debtors are represented by Kenneth Edstrom, Esq., at Sapientia
Law Group.


OMAR A. DUWAIK: Loses 2nd Bid for Restraining Order, Injunction
---------------------------------------------------------------
In the appeals case captioned OMAR A. DUWAIK, Appellant, v. JP
MORGAN CHASE BANK, N.A., Successor in Interest by purchase from the
FDIC as Receiver of Washington Mutual Bank f/k/a Washington Mutual
Bank FA, Appellee, Civil Action No. 17-cv-00142-MSK (D. Col.),
Duwaik appeals from the Jan. 3, 2017 Order of the United States
Bankruptcy Court that denied his motion to set aside a prior order
granting relief from the automatic stay. Also at issue is Mr.
Duwaik's petition for a restraining order and temporary and
permanent injunction.

Upon review, Chief District Judge Marcia S. Krieger of the U.S.
District Court for the District of Colorado affirms the Bankruptcy
Court's order denying motion to set aside judgment and denies Mr.
Duwaik's petition for a restraining order and temporary and
permanent injunction.

In July 2005, Mr. Duwaik executed a promissory note in the amount
of $1,500,000 in favor of Washington Mutual Bank, FA. The Note was
secured by a Deed of Trust on four parcels of vacant land and a
house. WAMU failed, and its assets were placed into a receivership
administered by the Federal Deposit Insurance Corporation, from
whom Chase claims to have purchased the Note and Deed of Trust at
issue here.

Until 2010, Mr. Duwaik made payments to Chase but eventually fell
into delinquency. In 2012, Chase initiated foreclosure proceedings
against the House. During those proceedings, Mr. Duwaik challenged
whether Chase possessed the original Note that he executed in favor
of WAMU. In December 2012, Mr. Duwaik filed a voluntary Chapter 11
bankruptcy petition.

In the bankruptcy case, Chase filed a Proof of Claim to which it
attached a copy of the Note and Deed of Trust. Mr. Duwaik never
contested the claim nor sought a determination as to the nature,
extent, or priority of the lien claimed by Chase. He proposed a
plan of reorganization that provided for payment to Chase. The Plan
was confirmed on Jan. 10, 2014.

On August 2, 2016, Chase moved for relief from the automatic stay
pursuant to 11 U.S.C. Section 362(d)(1) and (2) in order to
foreclose its lien against the House. Following a preliminary
hearing, the Bankruptcy Court issued a written order in which it
found that Chase had established "cause" for relief from stay.

Mr. Duwaik's argument both before the Bankruptcy Court and this
Court is straight-forward and simple. He concedes that he is
indebted under the Note, but he contends that Chase is not entitled
to relief from stay because his signature on the Note that Chase
holds was forged.

Judge Krieger finds no legal error or abuse of discretion by the
Bankruptcy Court. The automatic stay created by 11 U.S.C. section
362(a) enjoins acts to collect on pre-petition debts, including the
foreclosure on pre-petitions liens. Its purpose is to allow a
debtor like Mr. Duwaik a breathing spell in order to reorganize or
to allow a trustee to marshal assets for an orderly distribution to
creditors. However, the automatic stay is not intended to last
forever. It may be lifted upon a showing of "cause", including that
property in which a party in interest has an interest is not
"adequately protected" or that a debtor has no equity in the
property and the property is not necessary to an effective
reorganization.

The Bankruptcy Court also did not err in denying Mr. Duwaik's Rule
60(b) motion. Whether the signature of Chase's proffered Note was
authentic or not was not a matter for the Bankruptcy Court to
resolve in stay proceedings; it was a matter that would be resolved
in more complete litigation later. Thus, Mr. Duwaik's
"newly-discovered evidence" that purportedly established his
allegations of forgery was immaterial to the issue of stay relief.


Mr. Duwaik's request for injunctive relief is also denied because
the motion was not properly brought and it is now moot. Now that
the Bankruptcy Court's order is affirmed, Mr. Duwaik's request for
injunctive relief pending resolution of his appeal is moot.

A full-text copy of Judge Krieger's Decision dated Oct. 20, 2017,
is available at https://is.gd/Fwtr72 from Leagle.com.

Omar A. Duwaik, Appellant, Pro Se.

JP Morgan Chase Bank N.A., Appellee, represented by Holly R.
Shilliday, McCarthy & Holthus, LLP & Cynthia Dawn Lowery-Graber --
cynthia.lowery-graber@bryancave.com -- Bryan Cave LLP.


OMNI LION'S RUN: Plan Filing Exclusivity Extended Until Dec. 4
--------------------------------------------------------------
Judge Ronald B. King of the U.S. Bankruptcy Court for the Western
District of Texas, at the behest of Omni Lion's Run L.P. and Omni
Lookout Ridge, L.P., has extended the Debtors' exclusive time to
file a plan of reorganization to December 4, 2017, as well as the
period for obtaining plan confirmation to February 5, 2018.

As reported by the Troubled Company Reporter on October 11, 2017,
the Debtors filed their second motion requesting the Court for an
additional extension of the Exclusive Plan Filing Period and the
Plan Solicitation Period.

The Debtors told the Court that ample cause exists for granting an
extension of their exclusivity period to file and confirm a plan,
considering that:

     (a) Only a short period of time has elapsed since the
commencement of the case;

     (b) There will be prompt resolution/trial of the Stay
Motions;

     (c) The Debtors continue to pay their post-petition
obligations as they become due and remain in compliance with their
duties as debtors-in-possession;

     (d) The Debtors are making monthly adequate protection
payments to their secured lenders;

     (e) The Debtors have, in good faith, made progress towards
reorganization by timely filing a plan and disclosure statement and
generating additional monthly income since the case was filed;

     (f) The Debtors cannot confirm a plan absent resolution of the
Stay Motions -- the hearing on this motion is set to occur after
the expiration of the Debtors' Exclusivity Period to file a plan;
and

     (g) The Debtors are not seeking an extension to pressure
creditors into accepting their reorganization demands.

The Debtors previously asked the Court for an extension to unify
the Filing and Solicitation Periods across the Omni Lion's Run and
Omni Lookout Ridge cases to October 4, 2017, and December 4, 2017,
respectively.

The Debtors filed their joint plan in June 2017, however
consideration of the plan and disclosure statement has been delayed
due to contested matters, including motions for relief from stay.
The hearings are continued to October 17, and it is unclear whether
they will be concluded on that date and whether approval of the
Debtors' Amended Disclosure Statement can be taken up.

                About Omni Lion's Run

Omni Lion's Run, L.P., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Tex. Case No. 17-60329) on May 2,
2017.  Drew G. Hall, its manager, signed the petition.  Judge
Ronald B. King presides over the case.  At the time of the filing,
the Debtor estimated assets and liabilities of less than $50,000.

Omni Lookout Ridge L.P. commenced its Chapter 11 case. (Bankr. W.D.
Tex. Case No. 17-60447) on June 6, 2017.

Hajjar Peters LLP serves as counsel to the Debtors.


ORANGE ACRES: Needs Additional Time to Continue Plan Discussions
----------------------------------------------------------------
Orange Acres Ranch Homeowners Association, Inc. requests the U.S.
Bankruptcy Court for the Middle District of Florida to further
extend:

     (a) the 120-day time period during which the Debtor has the
exclusive right to propose and file a plan of reorganization
through December 29, 2017;

     (b) the 180-day period during which the Debtor has the
exclusive right to solicit acceptances of a plan through February
27, 2018; and

     (c) the deadline for the Debtor to file its plan and
disclosure statement through December 29, 2017.

As extended by prior order of the Court, the exclusive period
during which the Debtor has to file a plan would expire on October
30, 2017, and the period during which the Debtor has to solicit
acceptances of a plan would expire on December 29.

The Debtor tells the Court that it needs additional time to
complete its discussions with third parties as to various aspects
of the plan.

                About Orange Acres Ranch Homeowners

Orange Acres Ranch Homeowners Association, Inc., is listed as a
Florida Not For Profit Corporation, which owns and operates a
mobile home park known as Orange Acres Ranch.  The Park consists of
210 lots, including 73 unimproved lots.  The Park amenities include
a clubhouse and swimming pool.

Orange Acres Ranch Homeowners Association filed a Chapter 11
petition (Bankr. M.D. Fla. Case No. 17-04326) on May 18, 2017.  The
petition was signed by Brent Geary, president.  At the time of
filing, the Debtor estimated assets and liabilities of $1 million
to $10 million.  The case is assigned to Judge Michael G.
Williamson.  The Debtor is represented by Scott A. Stichter, Esq.,
at Stichter Riedel Blain & Postler, P.A.


ORBITE TECHNOLOGIES: Stay Period Extended Until January 2018
------------------------------------------------------------
Orbite Technologies Inc. on Oct. 31, 2017, said that as part of its
continuing efforts to emerge from insolvency protection for the
benefit all of its stakeholders, it obtained an extension from the
Canadian court of the stay period, and won approval of the release
of the remaining $2 million of the DIP Financing.

As announced on August 2, 2017, the Superior Court of Quebec (the
"CCAA Court") issued a second amended and restated initial order
pursuant to the Companies' Creditors Arrangement Act ("CCAA")
providing for a stay of all proceedings until October 31, 2017 (the
"Stay Period").  On Oct. 30, the CCAA Court granted a motion filed
by the Company and issued the following orders:

   -- extending the Stay Period until January 31, 2018;

   -- relieving Orbite from its obligation to call the annual
meeting of shareholders on or before January 31, 2018 and directing
Orbite to call such annual meeting, as the case may be, by April
27, 2018;

   -- establishing a claims procedure for claims against the
Company; and

   -- directing PricewaterhouseCoopers, to release the balance of
the Debtor in Possession ("DIP") financing representing an amount
of $2,037,666, to be used by the Company in accordance with the
terms and conditions of the DIP financing and the August 1, 2017
court order.

Based on the cashflow projections filed by Orbite with the CCAA
Court, the Company expects to have liquidities until the week of
April 22, 2018 taking into account the released balance.
Accordingly, the Company believes that such orders will be
beneficial to all stakeholders by giving it the required time and
resources to emerge from CCAA protection.

There can be no guarantees that the Company will be successful in
its restructuring efforts or will emerge from CCAA protection.

Update on the Calcination Equipment

Orbite and the calcination equipment supplier's technical teams
continued to work very closely to resolve the issues with the
calcination equipment.

   -- An extensive root causes analysis was conducted and is now
complete.  The different causes contributing to the failures of the
electric heating system have been identified and confirmed;

   -- The solution to the heating system failure issues has been
indentified, modeled, and evaluated and is now entering the
detailed engineering phase, by the equipment supplier;

   -- Solutions to the other issues identified are mostly finalized
and are into the detailed engineering phase, also carried out by
the equipment supplier.

The initial diagnostic phase carried out by the equipment supplier
took longer than it originally planed, consequently, production
activities are expected to commence in the latter part of Q1 2018,
subject to raising adequate financing and implementing the
contemplated supplier-related solutions.

The Company will provide further updates as developments occur.

                          About Orbite

Orbite Technologies Inc. (nex:ORT.H) is a Canadian cleantech
company whose innovative and proprietary processes are expected to
produce alumina and other high-value products, such as rare earth
and rare metal oxides, at one of the lowest costs in the industry,
and in a sustainable fashion, using feedstocks that include
aluminous clay, kaolin, nepheline, bauxite, red mud, fly ash as
well as serpentine residues from chrysotile processing sites.
Orbite is currently in the process of finalizing its first
commercial high-purity alumina (HPA) production plant in Cap-Chat,
Quebec and has completed the basic engineering for a proposed
smelter-grade alumina (SGA) production plant, which would use clay
mined from its Grande-Vallee deposit.  The Company's portfolio
contains 15 intellectual property families, including 45 patents
and 48 pending patent applications in 11 different countries and
regions.  The first intellectual property family is patented in
Canada, USA, Australia, Japan and Russia.  The Company also
operates a state of the art technology development center in Laval,
Quebec, where its technologies are developed and validated.

Orbite Technologies in April 2017 filed a petition for continuance
of the Bankruptcy and Insolvency Act proceedings under the
Companies' Creditors Arrangement Act

The Superior Court of Quebec granted the petition and issued an
initial order pursuant to the CCAA on April 28, 2017.

PricewaterhouseCoopers Inc. has been appointed as Monitor.


P3 FOODS: Deadline to File Disclosure Statement Moved to Jan. 16
----------------------------------------------------------------
Judge Donald R. Cassling of the U.S. Bankruptcy Court for the
Northern District of Illinois, upon the motion of P3 Foods, LLC for
an extension of time to file its Plan and Disclosure Statement, has
continued the deadline for filing of the Plan and Disclosure
Statement to January 16, 2018.

                      About P3 Foods, LLC

P3 Foods, LLC, which operates nine Burger King franchises in
Minneapolis, Minnesota, filed a chapter 11 petition (Bankr. N.D.
Ill. Case No. 16-32021) on Oct. 6, 2016.

The case is assigned to Judge Donald Cassling.

The Debtor tapped Richard L. Hirsh, Esq., at Richard L. Hirsh,
P.C., as counsel.  The Debtor also engaged Aldridge Chasewater LLC
as accountant.

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


PAROLE BESTGATE: November 7 Plan Objection Deadline
---------------------------------------------------
A Plan of Reorganization and a Disclosure Statement were filed by
Parole Bestgate LLC on September 11, 2017.

The Hon. David E. Rice of the U.S. Bankruptcy Court for the
District of Maryland will hold a hearing to consider the approval
of the Disclosure Statement, combined with the hearing of
confirmation of the Debtor's Plan of Reorganization on November 15,
2017 at 10:00 a.m.

The last day for filing and serving written objections pursuant to
Federal Bankruptcy Rules 3017(a) and for filing and serving written
objections to confirmation of the Plan will be on November 7,
2017.

The last day for filing written acceptances or rejections of the
Plan is fixed on November 7, 2017.

Attorney for Plan Sponsor:

           Michael J. Lichtenstein, Esq.
           Shulman Rogers Gandal Pordy & Ecker, PA
           12505 Park Potomac Avenue, 6th Floor
           Potomac, MD 20854

                 About Parole Bestgate LLC

Parole Bestgate LLC owns and operates a commercial office building
located in Annapolis, Maryland.

James Joseph Sokolis filed an involuntary Chapter 11 petition for
Parole Bestgate LLC (Bankr. D. Md. Case No. 16-11840) on Feb. 17,
2016.  The case is assigned to Judge David E. Rice.  On March 29,
2016, the Court entered an order for relief in the Chapter 11
case.

The Debtor is represented by Michael J. Lichtenstein, Esq. and
Megan A. Raker, Esq., at Shulman, Rogers, Gandal, Pordy & Ecker,
P.A., of Potomac, Maryland.


PERFORMANCE SPORTS: Debtor Wins OK of Plan Disclosures
------------------------------------------------------
Old PSG Wind-down Ltd., formerly, Performance Sports Group Ltd., on
Nov. 1, 2017, disclosed that the United States Bankruptcy Court for
the District of Delaware has approved the disclosure statement (the
"Disclosure Statement") with respect to the first amended joint
Chapter 11 plan of liquidation (the "Plan") in the Debtors' jointly
administered Chapter 11 cases pending in the Bankruptcy Court filed
by the Company and its affiliated debtors (collectively, the
"Debtors").  The Bankruptcy Court also approved the related
solicitation procedures and materials and authorized the Debtors to
commence soliciting creditors and holders of equity interests
entitled to vote to accept or reject the Plan.  The Company had
previously obtained authorization from the Ontario Superior Court
of Justice (Commercial List) (the "Canadian Court") to solicit
votes and elections by holders of claims and equity interests with
respect to the treatment of their claims and equity interests
through the Plan in accordance with, and pursuant to, the process
approved by the Bankruptcy Court.  The Bankruptcy Court and
Canadian Court are jointly overseeing the Debtors' restructuring
proceedings.

The Plan is based on a global settlement among the Debtors and
their stakeholders that, among other things, is intended to provide
for payment to the Debtors' creditors in the full amount of their
allowed claims and the potential distribution of the Debtors'
remaining assets to the Company's shareholders of an as yet
indeterminate amount.  The Plan also incorporates a settlement that
provides for distributions to the Plumbers & Pipefitters National
Pension Fund, in its capacity as court-appointed lead plaintiff
(the "Lead Plaintiff") in the securities class action litigation
styled as Nieves v. Performance Sports Group Ltd., et al., Case No.
1:16-CV-3591-GHW (S.D.N.Y.) on behalf of the Lead Plaintiff and a
putative class and resolves certain disputes regarding confirmation
of the Plan.

The Debtors intend to proceed expeditiously to commence the mailing
of ballots and other solicitation materials concerning the Plan in
connection with the solicitation of votes to accept or reject the
Plan.  If the Plan is accepted by the necessary number and amount
of the Debtors' stakeholders entitled to vote, the Debtors will
seek confirmation of the Plan by the Bankruptcy Court and a
companion distribution and approval order (the "CCAA Approval
Order") from the Canadian Court, under the Companies' Creditors
Arrangement Act, to effectuate the Plan in the United States and
Canada, respectively.  A joint hearing before the Bankruptcy Court
and the Canadian Court to confirm the Plan and obtain the CCAA
Approval Order is currently scheduled to be heard on or about
December 20, 2017.

The Plan and the Disclosure Statement are available on
https://cases.primeclerk.com/PSG and www.ey.com/ca/psg.

                    About Performance Sports

Exeter, N.H.-based Performance Sports Group Ltd. --
http://www.PerformanceSportsGroup.com/-- is a developer and
manufacturer of ice hockey, roller hockey, lacrosse, baseball and
softball sports equipment, as well as related apparel and soccer
apparel.  

On Oct. 31, 2016, Performance Sports Group Ltd. and certain of its
affiliates filed voluntary petitions under Chapter 11 of the
Bankruptcy Code in the District of Delaware and commenced
proceedings under the Companies' Creditors Arrangement Act in the
Ontario Superior Court of Justice.

The U.S. Debtors are: BPS US Holdings Inc.; Bauer Hockey, Inc.;
Easton Baseball/Softball Inc.; Bauer Hockey Retail Inc.; Bauer
Performance Sports Uniforms Inc.; Performance Lacrosse Group Inc.;
BPS Diamond Sports Inc.; and PSG Innovation Inc.

The Canadian Debtors are: Performance Sports Group Ltd.; KBAU
Holdings Canada, Inc.; Bauer Hockey Retail Corp.; Easton
Baseball/Softball Corp.; PSG Innovation Corp. Bauer Hockey Corp.;
BPS Canada Intermediate Corp.; BPS Diamond Sports Corp.; Bauer
Performance Sports Uniforms Corp.; and Performance Lacrosse Group
Corp.

The Debtors hired Paul, Weiss, Rifkind, Wharton & Garrison LLP as
counsel; Young Conaway Stargatt & Taylor, LLP as co-counsel;
Stikeman Elliott LLP as Canadian legal counsel; Centerview LLP as
investment banker to the special committee; Alvarez & Marsal North
America, LLC, as restructuring advisor; Joele Frank, Wilkinson,
Brimmer, Katcher as communications & relations advisor; KPMG LLP as
auditors; and Prime Clerk LLC as notice, claims, solicitation and
balloting agent.

Ernst & Young LLP is the monitor in the CCAA cases.  The Monitor
tapped Thornton Grout Finnigan LLP, Allen & Overy LLP, and Buchanan
Ingersoll & Rooney PC as attorneys.

Andrew R. Vara, Acting U.S. Trustee for Region 3, on Nov. 10, 2016,
appointed three creditors of BPS US Holdings, Inc., parent of
Performance Sports, to serve on the official committee of unsecured
creditors.  The Creditors' Committee retained by Blank Rome LLP as
counsel, Cassels Brock & Blackwell LLP as Canadian co-counsel, and
Province Inc. as financial advisor.

The U.S. Trustee appointed a committee of equity security holders.

The equity committee is represented by Natalie D. Ramsey, Esq., and
Mark A. Fink, Esq., at Montgomery, McCracken, Walker & Rhoads, LLP;
and Robert J. Stark, Esq., Steven B. Levine, Esq., James W. Stoll,
Esq., and Andrew M. Carty, Esq., at Brown Rudnick LLP.

The U.S. Court appointed M.J. Renick & Associates LLC as the fee
examiner.

                          *     *     *

As reported by the Troubled Company Reporter, effective as of Feb.
27, 2017, the Company consummated the sale of substantially all of
the assets of the Company and its North American subsidiaries,
including its European and global operations, pursuant to an asset
purchase agreement, dated as of Oct. 31, 2016, as amended, by and
among the Sellers, 9938982 Canada Inc., an acquisition vehicle
co-owned by affiliates of Sagard Holdings Inc. and Fairfax
Financial Holdings Limited, and the designated purchasers party
thereto, for a base purchase price of US$575 million in aggregate,
subject to certain adjustments, and the assumption of related
operating liabilities.

The transaction was the culmination of the process commenced by the
Sellers pursuant to creditor protection proceedings launched on
Oct. 31, 2016, in the Ontario Superior Court of Justice under the
Companies' Creditors Arrangement Act, and in the U.S. Bankruptcy
Court for the District of Delaware under Chapter 11 of the
Bankruptcy Code, as amended.

The Company conducted a court-supervised sale and auction process
as part of its Canadian and U.S. court proceedings.  The bid made
by the Purchaser served as the "stalking horse" bid for purposes of
the process and was ultimately determined to be the successful bid
in accordance with the related court approved bidding procedures.

In accordance with, and pursuant to, the terms and conditions of
the Agreement, the Company has changed its name to "Old PSG
Wind-down Ltd." from "Performance Sports Group Ltd." effective as
of March 20, 2017.  BPS US Holdings Inc. changed its name to Old
BPSUSH Inc.

On Aug. 25, 2017, the Debtors filed their Plan of Liquidation and
related Disclosure Statement.  On Oct. 19, 2017, the Debtors filed
their modified Plan of Liquidation and modified Disclosure
Statement.


PETCO ANIMAL: Bank Debt Trades at 17.60% Off
--------------------------------------------
Participations in a syndicated loan under Petco Animal Supplies is
a borrower traded in the secondary market at 82.40
cents-on-the-dollar during the week ended Friday, October 27, 2017,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 0.25 percentage points from the
previous week. Petco Animal Supplies pays 325 basis points above
LIBOR to borrow under the $2.506 billion facility. The bank loan
matures on Jan. 26, 2023 and Moody's did not give any rating and
Standard & Poor's B rating.  The loan is one of the biggest gainers
and losers among 247 widely quoted syndicated loans with five or
more bids in secondary trading for the week ended October 27.


PRIME METALS: Unsecureds to Get $175,000 Under Plan
---------------------------------------------------
Prime Metals & Alloys, Inc., filed with the U.S. Bankruptcy Court
for the Western District of Pennsylvania a disclosure statement to
accompany the plan dated October 3, 2017.

The hearing to consider the approval of the disclosure statement
will be held November 2, 2017 at 10:00 a.m. The last day for filing
and serving objections to the disclosure statement, as well as for
filing a request for payment of administrative expense, pursuant to
11 U.S.C. Section 503, will be on October 26, 2017.

On August 18, 2017, the Debtor and the Buyer consummated the sale
of substantially all of the Debtor's assets. From the Purchase
Price, the Debtor is holding $742,500 in escrow, which is
designated for allowed administrative claims and general unsecured
claims.

Class 1 secured claim of S&T Bank received a distribution from the
sale at closing, as previously agreed to by the Debtor, Buyer, and
S&T Bank, and approved by the Court in the Sale Order. The Priority
Claims under Class 2 were also paid at the time of closing.

The Debtor has estimated allowable unsecured claims in the
aggregate sum of $7,624,390.55. Each Class 3 general unsecured
creditors will receive their pro rata share of the unsecured
creditor carve-out, in the amount of $175,000, reserved from the
Purchase Price and currently held in escrow by the Debtor's
Counsel.

In the event that the Allowed 503(b)(9) Claims and Class 2 Priority
Claims are not paid in full through the disbursement of net
recoveries, the Unsecured Creditor Carve-Out will first be used to
pay any remaining Allowed 503(b)(9) Claims then Class 2 Priority
Claims in full, with the remainder of the Unsecured Creditor
Carve-Out to be used to pay the Allowed Class 3 General Unsecured
Claims.

The Plan is funded by the amount held in escrow by the Debtor's
Counsel, carved-out from the Sale of the Debtor's Assets, plus Net
Recoveries on Recovery Actions pursued by the Debtor and Plan
Administrator.

A full-text copy of the Disclosure Statement, dated October 3,
2017, is available for free at http://tinyurl.com/yb2n8jxg

                   About Prime Metals & Alloys

Prime Metals & Alloys, Inc., began as a scrap-trading company and
has grown to manufacturing and providing alloys, ingots, specialty
scrap materials and customized scrap blends.  Prime Metals & Alloys
sought Chapter 11 protection (Bankr. W.D. Pa. Case No. 17-70164) on
March 2, 2017, estimating assets of $1 million to $10 million and
$10 million to $50 million in debt.  The petition was signed by
Richard Knupp, president.

Judge Jeffery A. Deller is assigned to the case.

The Debtor tapped Kirk B. Burkley, Esq., Allison L. Carr, Esq., and
Daniel R. Schimizzi, Esq., at Bernstein-Burkley, P.C., as counsel.
H2R CPA LLC serves as the Debtor's accountant.  The Debtor employed
Strategic Advisors, Inc., to market its assets.  

Andrew Vara, acting U.S. trustee for Region 3, on March 22
appointed five creditors to serve on the official committee of
unsecured creditors in the Chapter 11 case of Prime Metals &
Alloys, Inc.

The Troubled Company Reporter has reported on August 28, 2017 that
Resco Products, Inc., has left the C0ommittee, and the remaining
committee members now include: (1) Anderson Electric; (2) Exelos
Computer Services; (3) Wack Manufacturing; and (4) Custom Alloy
Corporation.

The official committee of unsecured creditors retained Fox
Rothschild LLP as legal counsel.


PROFLO INDUSTRIES: Taps Patricia A. Kovacs as Legal Counsel
-----------------------------------------------------------
ProFlo Industries, LLC seeks approval from the U.S. Bankruptcy
Court for the Northern District of Ohio to hire Patricia A. Kovacs
Attorney as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; assist in any potential sale of its assets;
negotiate with creditors; prepare a plan of reorganization; and
provide other legal services related to its Chapter 11 case.

The firm's hourly rates are:

     Patricia Kovacs, Esq.     $250
     Associate Attorneys       $150
     Legal Assistant           $100

Kovacs received an advance retainer of $30,000, less the filing fee
of $1,717.

The firm does not have any connection with the Debtor's creditors
or any other "party-in-interest," according to court filings.

The firm can be reached through:

     Patricia A. Kovacs, Esq.
     Patricia A. Kovacs Attorney
     P.O. Box 257
     Curtice, OH 43412
     Phone: (419) 270-3649
     Fax: (866) 812-2199
     Email: patricia.a.kovacs@gmail.com

                      About ProFlo Industries

Headquartered in Alvada, Ohio, ProFlo Industries, LLC, is an Ohio
Limited Liability Company engaged in the airline refueling
business.  The principal customers of the business are
multi-national companies providing goods, services and advice in
the global aviation industry.  ProFlo consists of one shareholder:
Terry N. Bosserman who owns 100% of the shares.

ProFlo Industries filed for Chapter 11 bankruptcy protection
(Bankr. N.D. Ohio Case No. 17-33184) on Oct. 8, 2017, estimating
its assets at between $500,001 and $1 million and liabilities
between $100,001 and $500,000.  The petition was signed by Terry N.
Bosserman, president.  The Debtor is represented by Patricia A.
Kovacs, Attorney, as counsel.


PUERTO RICO ELECTRIC: Committee to Probe $300-Mil. Whitefish Deal
-----------------------------------------------------------------
Pursuant to Rule 2004 of the Federal Rules of Bankruptcy Procedure,
the Official Committee of Unsecured Creditors of the Commonwealth
of Puerto Rico, et al., requests Court authority to pursue
discovery with respect to the bidding, negotiation, and engagement
process used by the Puerto Rico Electric Power Authority ("PREPA")
to identify contractors for the repair of Puerto Rico's utility
system -- in particular, its engagement of Whitefish Energy
Holdings, LLC -- beginning with targeted document requests to PREPA
and Whitefish and depositions of relevant individuals as may be
identified.

In a motion filed with the U.S. District Court for the District of
Puerto Rico on Oct. 31, 2017, the Creditors Committee seeks
authority to investigate these issues:

    * The process by which PREPA identified potential contracting
parties for utility construction and repair work in Puerto Rico;

    * The efforts PREPA made to evaluate the party or parties best
suited to the utility construction and repair work contemplated;

    * The process used to evaluate Whitefish and any other
potential contractors for the work contemplated;

    * The negotiation of the terms, conditions, and economic
provisions of the Whitefish Contract;

    * Any connections between Whitefish and government officials or
others or any potential lobbying efforts which may have influenced
the selection of Whitefish as a contractor or other conflict of
interest issues which may have affected the selection of Whitefish
and/or the negotiation of the Whitefish Contract;

    * Any evidence of Whitefish's actual incurred costs or cost
estimates bearing on the reasonableness of the services provided by
Whitefish;

    * Whether Whitefish was properly determined to be both
qualified to, and capable of, performing under the Whitefish
Contract;

    * Any discussions between PREPA, Whitefish, and other
government agencies (including but not limited to FEMA) and the
Oversight Board related to the execution of the Whitefish
Contract.

Counsel to the Committee, Luc A. Despins, Esq., at Paul Hastings
LLP, explains that as is well-known, the devastation caused by
Hurricanes Irma and Maria resulted in a natural disaster of vast
scale. The hurricanes swept through Puerto Rico in a span of
roughly two weeks, leaving thousands of families displaced and
crippling key infrastructure. As of Oct. 30, 2017, Puerto Rico's
power authority, PREPA, remains essentially offline -- with 73.8%
of electricity customers without power.

The situation entirely hobbles recovery efforts as the ability to
generate and deliver electricity is crucial to Puerto Rico's
economy and to its ability to recover economically and repay
creditors. Every day that passes without a coordinated and
efficient response to this power generation and distribution crisis
inhibits the ability of Puerto Rico's economy to rebound.

As a result of this devastation, and in order to speed up the
island's recovery, the President of the United States issued
emergency declarations pursuant to the Robert T. Stafford Disaster
Relief and Emergency Assistance Act, as Amended (the "Stafford
Act"), Title 42 U.S.C. Sec. 5170, 5170a, & 5170b, and Congress is
currently in the process of authorizing funding packages for the
President's signature.  A significant portion of that funding will
likely be dedicated to the repair of PREPA's electrical grid.  As
the Oversight Board noted in a recent filing, PREPA generates,
transmits, and distributes substantially all of the electric power
used in the Commonwealth, and ranks first in the United States
among municipal utilities in number of clients and revenues.

Therefore, PREPA's reconstruction and ability to provide reliable
power distribution at reasonable rates is essential not only to
PREPA's recovery, but also to the recovery of the Commonwealth and
its instrumentalities.  According to Mr. Despins, it is imperative
for Puerto Rico's residents and its creditors that this money is
spent wisely and in a manner that quickly and efficiently promotes
the recovery on the island.

                  Nature of Whitefish's Selection

Mr. Despins relates that, given the centrality of PREPA to Puerto
Rico's recovery, the Committee is concerned about PREPA's recent
actions and the public controversy those actions have created.  As
has been widely reported, on Oct. 17, 2017, PREPA's Executive
Director Ricardo Luis Ramos Rodriguez signed a $300 million
contract with Whitefish making Whitefish a central party to the
repair and upgrade of the Commonwealth's utility grid.

Unfortunately, the process behind the selection of Whitefish
appears to carry the risk that the natural disasters that befell
the Puerto Rico electrical grid will be followed by a man-made
disaster. Public reports and a review of the Whitefish Contract
suggest that:

   -- Whitefish lacked the qualifications and experience to perform
the tasks PREPA has assigned it;

   -- The Whitefish Contract contained numerous suspicious
provisions that do not work to PREPA's benefit, including what
appear to be grossly excessive fees (e.g., hourly rates that appear
to be multiples of prevailing market costs);

   -- PREPA represented, apparently incorrectly, that the Oversight
Board and the Federal Emergency Management Agency ("FEMA") approved
the Whitefish Contract; and

   -- The selection of Whitefish may have been the result of
political favoritism rather than a choice of the best available
contractor.

In a news conference on Oct. 29, as a result of these concerns,
Governor Ricardo Rossello called for the Whitefish Contract to be
canceled "immediately."  Later that day, PREPA's Executive Director
Ricardo Ramos announced that the agreement would be terminated once
Whitefish completes all of its outstanding work.

According to Mr. Ramos, the process of hiring (and then replacing)
Whitefish will likely have delayed work by 10 to 12 weeks, and
PREPA has already committed itself to pay Whitefish $21 million for
the work to date on top of at least $11 million to cancel the
agreement.

These serious questions around the Whitefish Contract highlight the
risk that PREPA may squander or otherwise compromise any
entitlement to much-needed federal funding, a result that would be
disastrous for PREPA, the Commonwealth, and its creditors.  These
questions also raise serious concerns around PREPA's core ability
to manage the critical tasks it must undertake.  The discovery
sought is, Mr. Despins argues, warranted both to evaluate the
propriety of the original engagement of Whitefish and PREPA's
ongoing ability to execute its responsibilities. Even though PREPA
apparently plans to cancel the Whitefish Contract, discovery
remains essential to understand the extent of any potential gaps in
procedures or controls that may have allowed the Whitefish Contract
to be signed, and to ensure the stakeholders in these Title III
Cases that such missteps have not already occurred with other
contracts and, at a minimum, will not be repeated.

                    Qualifications of Whitefish

According to the Committee, PREPA does not appear to have
undertaken any sort of open and competitive bidding process related
to the selection of Whitefish, nor does Whitefish appear to have
the background or experience required to helm the rebuilding of the
Commonwealth's electric utility infrastructure.

The Committee notes, among other things, that:

   * It appears that, at the time Hurricane Maria hit, Whitefish
had only two employees and was operated out of a one-story wooden
house in Whitefish, Montana.

   * Whitefish's only prior federal experience related to "two
small federal contracts in Arizona with the Department of Energy: a
$172,000 deal to replace metal poles and install 3 miles of wiring,
and a $1.3 million contract to revamp sections of a 4.8-mile
transmission line."

The Committee also points out PREPA has failed to offer any
convincing justification for flatly refusing "mutual aid" offers
from the American Public Power Association ("APPA"), of which PREPA
is a member.  Those mutual aid arrangements, which were utilized in
Texas and Florida following Hurricanes Harvey and Irma, were
established in order to organize a network of state and regional
public power utilities to restore electricity quickly in the event
of emergencies like Hurricane Maria.  In fact, in Florida, just one
day after Hurricane Irma's departure from that state, Florida Power
& Light said that it had more than 20,000 workers from 30 states --
and even Canada -- deployed to restore power.  Following its own
recovery, Florida Power & Light further stated that it had teams
assembled as early as October 1, 2017 "ready to help Puerto Rico."
According to the Washington Post, Florida Power & Light never
received a response from PREPA's management to the offer of
assistance.

                 Provisions in Whitefish Contract

According to the Committee, the Whitefish Contract contains
numerous troubling provisions that call into question whether it
reflected a vigorous arms-length transaction.  Among other things,
the Contract:

    * sets forth eye-popping reimbursement rates of up to $330 per
hour for a site supervisor -- climbing to $462 for supervisors
hired by subcontractors, who will presumably make up much of
Whitefish's workforce.

    * provides that Whitefish would be paid $319.04 per hour worked
by a journeyman lineman, which is "almost 10 times the average rate
for a journeyman line worker in the United States, according to the
website Payscale.com."

Whether these rates reflect prevailing market conditions is open to
question given PREPA's failure to pursue competitive bidding of any
sort. Even more troubling is the fact that PREPA apparently
negotiated away audit rights -- for itself and others -- to
evaluate these economic terms in the future.  The Whitefish
Contract provides that no agency or entity would ever be able to
audit these exorbitant charges: "[i]n no event shall PREPA, the
Commonwealth of Puerto Rico, the FEMA Administrator, the
Comptroller General of the United States [GAO], or any of their
authorized representatives have the right to audit or review the
cost and profit elements of the labor rates specified herein."  In
other words, PREPA surrendered the right to audit one of the most
significant cost components Whitefish is likely to charge.

     Potential Political Influence as to Choice of Whitefish

Given the various issues surrounding the Whitefish Contract, it is
not surprising that reports have surfaced suggesting the Whitefish
Contract was awarded not on the basis of merit but instead on the
basis of political favoritism. While the Committee has no present
ability to validate the troubling news stories available, it notes
with concern reports that:

   -- Whitefish CEO Andy Techmanski was from the same small town
(Whitefish, Montana) as Interior Secretary Ryan Zinke and further
that Messrs. Techmanski and Zinke are friends and that Mr. Zinke's
son worked with Whitefish this past summer.   Mr. Zinke has denied
that had he had any involvement in the selection of Whitefish;

   -- Elias Sanchez Sifonte, formerly the Governor's representative
to the Oversight Board and rumored to be a close personal friend of
the Governor, lobbied PREPA to hire Whitefish, perhaps to benefit
himself.  In fact, former Puerto Rico Governor Anabel Acevedo Vila
recently stated on a radio program that, "instead of becoming a
bona fide advisor to the Governor . . . [Sanchez] saw it as a
business opportunity"; and

   -- According to Eduardo Bhatia, the former president of the
Puerto Rico Senate and sitting Senate minority leader, both
Whitefish and the Office of the First Lady share the same director
of Public Relations.

                     Replacement of Whitefish

In a news conference on October 29, Governor Ricardo Rossello
announced he would seek the immediate cancellation of the Whitefish
Contract and had discussed the use of mutual aid agreements with
the governors of New York and Florida.   Just a few hours later,
PREPA director Ricardo Ramos announced that the contract would be
canceled once Whitefish had completed its current work -- which
would delay the repair of Puerto Rico's electrical grid by 10 to 12
weeks.

According to the Committee, the situation remains fluid at the
moment, but one thing is clear: there is a need to ensure that
PREPA's bidding process is conducted transparently and that any
contractors selected by PREPA -- both now and in the future -- do
not put the Commonwealth or its instrumentalities at risk of losing
FEMA funds.

                          *     *     *

Judge Laura Taylor Swain, who presides over the Title III cases, on
Oct. 30, 2017, entered an order directing that the urgent motion of
the Committee be referred to Magistrate Judge Judith Dein pursuant
to 28 U.S.C. Sec. 636(b).

                      About Puerto Rico

Puerto Rico is a self-governing commonwealth in association with
the United States that's facing a massive bond debt of $70 billion,
a 68% debt-to-GDP ratio and negative economic growth in nine of the
last 10 years.

The Commonwealth of Puerto Rico has sought bankruptcy protection,
aiming to restructure its massive $74 billion debt-load and $49
billion in pension obligations.

The debt restructuring petition was filed by Puerto Rico's
financial oversight board in U.S. District Court in Puerto Rico
(Case No. 17-01578) on May 3, 2017, and was made under Title III of
2016's U.S. Congressional rescue law known as the Puerto Rico
Oversight, Management, and Economic Stability Act ("PROMESA").

The Financial Oversight and Management Board later commenced Title
III cases for the Puerto Rico Sales Tax Financing Corporation
(COFINA) on May 5, 2017, and the Employees Retirement System (ERS)
and the Puerto Rico Highways and Transportation Authority (HTA) on
May 21, 2017.  On July 2, 2017, a Title III case was commenced for
the Puerto Rico Electric Power Authority ("PREPA").

U.S. Chief Justice John Roberts has appointed U.S. District Judge
Laura Taylor Swain to oversee the Title III cases.  The Honorable
Judith Dein, a United States Magistrate Judge for the District of
Massachusetts, has been designated to preside over matters that may
be referred to her by Judge Swain, including discovery disputes,
and management of other pretrial proceedings.

Joint administration of the Title III cases, under Lead Case No.
17-3283, was granted on June 29, 2017.

The Oversight Board has hired as advisors, Proskauer Rose LLP and
O'Neill & Borges LLC as legal counsel, McKinsey & Co. as strategic
consultant, Citigroup Global Markets, as municipal investment
banker, and Ernst & Young, as financial advisor.

Martin J. Bienenstock, Esq., Scott K. Rutsky, Esq., and Philip M.
Abelson, Esq., of Proskauer Rose; and Hermann D. Bauer, Esq., at
O'Neill & Borges are on-board as attorneys.

McKinsey & Co. is the Board's strategic consultant, Ernst & Young
is the Board's financial advisor, and Citigroup Global Markets Inc.
is the Board's municipal investment banker.

Prime Clerk LLC is the claims and noticing agent.  Prime Clerk
maintains a case web site at:

           https://cases.primeclerk.com/puertorico

Epiq Bankruptcy Solutions LLC is the service agent for ERS, HTA,
and PREPA.

O'Melveny & Myers LLP is counsel to the Commonwealth's Puerto Rico
Fiscal Agency and Financial Advisory Authority (AAFAF), the agency
responsible for negotiations with bondholders.

The Oversight Board named Professor Nancy B. Rapoport as fee
examiner and to chair a committee to review professionals' fees.

                      Bondholders' Attorneys

Toro, Colon, Mullet, Rivera & Sifre, P.S.C. and Kramer Levin
Naftalis & Frankel LLP serve as counsel to the Mutual Fund Group,
comprised of mutual funds managed by Oppenheimer Funds, Inc.,
Franklin Advisers, Inc., and the First Puerto Rico Family of Funds,
which collectively hold over $3.5 billion in COFINA Bonds and over
$2.9 billion in other bonds issued by Puerto Rico and other
instrumentalities, including over $1.8 billion of Puerto Rico
general obligation bonds ("GO Bonds").

White & Case LLP and Lopez Sanchez & Pirillo LLC represent the UBS
Family of Funds and the Puerto Rico Family of Funds, which hold
$613.3 million in COFINA bonds.

Paul, Weiss, Rifkind, Wharton & Garrison LLP, Robbins, Russell,
Englert, Orseck, Untereiner & Sauber LLP, and Jimenez, Graffam &
Lausell are co-counsel to the ad hoc group of General Obligation
Bondholders, comprised of Aurelius Capital Management, LP, Autonomy
Capital (Jersey) LP, FCO Advisors LP, Franklin Mutual Advisers LLC,
Monarch Alternative Capital LP, Senator Investment Group LP, and
Stone Lion Capital Partners L.P.

Quinn Emanuel Urquhart & Sullivan, LLP and Reichard & Escalera are
co-counsel to the ad hoc coalition of holders of senior bonds
issued by COFINA, comprised of at least 30 institutional holders,
including Canyon Capital Advisors LLC and Varde Investment
Partners, L.P.

Correa Acevedo & Abesada Law Offices, P.S.C., is counsel to Canyon
Capital Advisors, LLC, River Canyon Fund Management, LLC, Davidson
Kempner Capital Management LP, OZ Management, LP, and OZ Management
II LP (the QTCB Noteholder Group).

                           Committees

The U.S. Trustee formed a nine-member Official Committee of
Retirees and a seven-member Official Committee of Unsecured
Creditors of the Commonwealth.  The Retiree Committee tapped Jenner
& Block LLP and Bennazar, Garcia & Milian, C.S.P., as its
attorneys.  The Creditors Committee tapped Paul Hastings LLP and
O'Neill & Gilmore LLC as counsel.


PUERTO RICO ELECTRIC: Oversight Board Proposes New PREPA Chief
--------------------------------------------------------------
The Financial Oversight and Management Board for Puerto Rico, as
the representative of the Puerto Rico Electric Power Authority
("PREPA") in the Title III case pursuant to section 315(b) of the
Puerto Rico Oversight, Management, and Economic Stability Act
("PROMESA"), submitted on Oct. 26, 2017, to the U.S. District Court
for the District of Puerto Rico an urgent motion seeking entry of
an order confirming Noel Zamot as PREPA's Chief Transformation
Officer with all powers of a chief executive officer reporting to
the Oversight Board.

Martin J. Bienenstock, Esq., at Proskauer Rose LLP, lead counsel to
the Oversight Board, explains that even prior to Hurricane Maria,
the reliability and cost of power was the dominant determinant of
the Commonwealth of Puerto Rico's ability to halt its negative
economic growth and to attain a sustainable economy. The cost of
power is a major cost of doing business and of living in the
Commonwealth.  To carry out its statutory missions of returning the
Commonwealth to fiscal responsibility and access to the capital
markets, the Oversight Board is determined to do everything within
its power to solve the current, prolonged power outage, and to
establish a modern, economically effective power generation and
transmission facility for the good of the Commonwealth and all its
stakeholders.

One month has passed since Hurricane Maria made landfall, yet
approximately 80% of PREPA's customers lack access to the electric
power grid.  Without electricity to power businesses on the island,
economic activity in numerous sectors has ground to a halt.
Similarly, many schools have yet to reopen.  The situation is dire,
and a concerted and coordinated effort is needed on all fronts to
make the right investments and to prevent missteps at this critical
juncture.

Ensuring that recovery efforts at PREPA are conducted efficiently,
with all requisite expertise, and in accordance with best
practices, will lay the groundwork for the island's post-hurricane
economic recovery and revitalization under any fiscal plan.
Existing PREPA management has taken certain independent steps in
response to the destruction and devastation of PREPA's power grid,
particularly its transmission and distribution systems.

Unfortunately, despite PREPA management's efforts, restoring
electricity efficiently and quickly to the island has not been
achieved.  Moreover, an emergency infusion of substantial capital
is required to fund these recovery efforts.  At least initially, a
significant portion of those funds will be provided by the federal
government, which makes active and effective coordination with the
appropriate federal agencies all the more important.  The
appointment of a CTO, according to the Oversight Board, will enable
a coordinated strategy for contracting recovery projects and
streamlining funding under the direction of a seasoned professional
with expertise in disaster response and recovery.

The Oversight Board, as the sole representative and trustee of
PREPA, seeks to have the Court confirm its appointment of Noel
Zamot as PREPA's CTO, having the powers of a chief executive
officer and reporting to the Oversight Board.

Among other things, the CTO will be charged by the Oversight Board
with developing a comprehensive and properly sequenced power
restoration plan, and will direct disaster recovery and rebuilding
efforts in conjunction with federal government agencies (including
FEMA, the Department of Homeland Security, the Department of
Housing and Urban Development, and the Army Corps of Engineers) and
place PREPA on the path towards transformation.  The CTO will also
ensure PREPA is run in a manner compatible with the overall
recovery for Puerto Rico and will communicate to the Oversight
Board and the Government on behalf of management.  The CTO will be
ultimately responsible for implementing PREPA's long and short term
plans in a manner consistent with the PREPA's certified fiscal plan
(as will be amended when the Oversight Board has better visibility
into PREPA's future).

A protocol requiring the CTO to report directly to the Oversight
Board will further enhance access to funds by alleviating concerns
within the federal government regarding the direction of PREPA's
recovery and use of federal money.

              Qualifications of Noel Zamot as CTO

Mr. Zamot is a retired Air Force colonel who was born and raised in
Puerto Rico.  According to the Oversight Board, Mr. Zamot is
eminently qualified to lead the transformation of PREPA to a more
modern, efficient, and resilient power utility having served for 25
years in active duty with the U.S. Air Force, where, among other
things, he managed energy and infrastructure projects.  As a
private sector executive, he provided engineering expertise to the
Department of Defense, and launched and managed a successful
business. Most recently, the Oversight Board, in consultation with
Governor Rossello, designated Mr. Zamot to serve as the
Revitalization Coordinator to the Oversight Board.  He is a
graduate of the University of Michigan and MIT.

The Oversight Board will provide Mr. Zamot to serve as PREPA's CTO
pursuant to a secondment, whereby the Oversight Board will continue
to compensate Mr. Zamot.  He shall not receive additional
compensation from PREPA.

                      About Puerto Rico

Puerto Rico is a self-governing commonwealth in association with
the United States that's facing a massive bond debt of $70 billion,
a 68% debt-to-GDP ratio and negative economic growth in nine of the
last 10 years.

The Commonwealth of Puerto Rico has sought bankruptcy protection,
aiming to restructure its massive $74 billion debt-load and $49
billion in pension obligations.

The debt restructuring petition was filed by Puerto Rico's
financial oversight board in U.S. District Court in Puerto Rico
(Case No. 17-01578) on May 3, 2017, and was made under Title III of
2016's U.S. Congressional rescue law known as the Puerto Rico
Oversight, Management, and Economic Stability Act ("PROMESA").

The Financial Oversight and Management Board later commenced Title
III cases for the Puerto Rico Sales Tax Financing Corporation
(COFINA) on May 5, 2017, and the Employees Retirement System (ERS)
and the Puerto Rico Highways and Transportation Authority (HTA) on
May 21, 2017.  On July 2, 2017, a Title III case was commenced for
the Puerto Rico Electric Power Authority ("PREPA").

U.S. Chief Justice John Roberts has appointed U.S. District Judge
Laura Taylor Swain to oversee the Title III cases.  The Honorable
Judith Dein, a United States Magistrate Judge for the District of
Massachusetts, has been designated to preside over matters that may
be referred to her by Judge Swain, including discovery disputes,
and management of other pretrial proceedings.

Joint administration of the Title III cases, under Lead Case No.
17-3283, was granted on June 29, 2017.

The Oversight Board has hired as advisors, Proskauer Rose LLP and
O'Neill & Borges LLC as legal counsel, McKinsey & Co. as strategic
consultant, Citigroup Global Markets, as municipal investment
banker, and Ernst & Young, as financial advisor.

Martin J. Bienenstock, Esq., Scott K. Rutsky, Esq., and Philip M.
Abelson, Esq., of Proskauer Rose; and Hermann D. Bauer, Esq., at
O'Neill & Borges are on-board as attorneys.

McKinsey & Co. is the Board's strategic consultant, Ernst & Young
is the Board's financial advisor, and Citigroup Global Markets Inc.
is the Board's municipal investment banker.

Prime Clerk LLC is the claims and noticing agent.  Prime Clerk
maintains a case web site at:

           https://cases.primeclerk.com/puertorico

Epiq Bankruptcy Solutions LLC is the service agent for ERS, HTA,
and PREPA.

O'Melveny & Myers LLP is counsel to the Commonwealth's Puerto Rico
Fiscal Agency and Financial Advisory Authority (AAFAF), the agency
responsible for negotiations with bondholders.

The Oversight Board named Professor Nancy B. Rapoport as fee
examiner and to chair a committee to review professionals' fees.

                      Bondholders' Attorneys

Toro, Colon, Mullet, Rivera & Sifre, P.S.C. and Kramer Levin
Naftalis & Frankel LLP serve as counsel to the Mutual Fund Group,
comprised of mutual funds managed by Oppenheimer Funds, Inc.,
Franklin Advisers, Inc., and the First Puerto Rico Family of Funds,
which collectively hold over $3.5 billion in COFINA Bonds and over
$2.9 billion in other bonds issued by Puerto Rico and other
instrumentalities, including over $1.8 billion of Puerto Rico
general obligation bonds ("GO Bonds").

White & Case LLP and Lopez Sanchez & Pirillo LLC represent the UBS
Family of Funds and the Puerto Rico Family of Funds, which hold
$613.3 million in COFINA bonds.

Paul, Weiss, Rifkind, Wharton & Garrison LLP, Robbins, Russell,
Englert, Orseck, Untereiner & Sauber LLP, and Jimenez, Graffam &
Lausell are co-counsel to the ad hoc group of General Obligation
Bondholders, comprised of Aurelius Capital Management, LP, Autonomy
Capital (Jersey) LP, FCO Advisors LP, Franklin Mutual Advisers LLC,
Monarch Alternative Capital LP, Senator Investment Group LP, and
Stone Lion Capital Partners L.P.

Quinn Emanuel Urquhart & Sullivan, LLP and Reichard & Escalera are
co-counsel to the ad hoc coalition of holders of senior bonds
issued by COFINA, comprised of at least 30 institutional holders,
including Canyon Capital Advisors LLC and Varde Investment
Partners, L.P.

Correa Acevedo & Abesada Law Offices, P.S.C., is counsel to Canyon
Capital Advisors, LLC, River Canyon Fund Management, LLC, Davidson
Kempner Capital Management LP, OZ Management, LP, and OZ Management
II LP (the QTCB Noteholder Group).

                           Committees

The U.S. Trustee formed a nine-member Official Committee of
Retirees and a seven-member Official Committee of Unsecured
Creditors of the Commonwealth.  The Retiree Committee tapped Jenner
& Block LLP and Bennazar, Garcia & Milian, C.S.P., as its
attorneys.  The Creditors Committee tapped Paul Hastings LLP and
O'Neill & Gilmore LLC as counsel.


PUERTO RICO: COFINA Senior Bondholders' Coalition Update Holdings
-----------------------------------------------------------------
The COFINA Senior Bondholders' Coalition, consisting of certain
individual members and certain institutions that hold and/or manage
funds, entities and/or accounts holding approximately 33% of all
senior bonds (the "Senior Bonds") issued by the Puerto Rico Sales
Tax Financing Corporation ("COFINA"), on Oct. 26, 2017,  submitted
a second supplemental verified statement pursuant to Rule 2019 of
the Federal Rules of Bankruptcy Procedure, to update the
disclosable economic interests currently held by the Coalition.

Certain members of the COFINA Senior Bondholders' Coalition
initially retained Quinn Emanuel Urquhart & Sullivan, LLP ("Quinn
Emanuel") in June 2015.  In August 2015, the COFINA Senior
Bondholders' Coalition retained Reichard & Escalera LLC (with Quinn
Emanuel, "Counsel").  From time to time thereafter, certain
additional holders of COFINA Senior Bonds have joined the COFINA
Senior Bondholders' Coalition.  Counsel appears in the Case on
behalf of the COFINA Senior Bondholders' Coalition.

On July 25, 2017, Counsel submitted the Verified Statement of the
COFINA Senior Bondholders' Coalition Pursuant to Federal Rule of
Bankruptcy Procedure 2019.

On August 18, 2017, Counsel submitted the First Supplemental
Verified Statement.

Counsel submitted the Second Supplemental Statement to update the
disclosable economic interests currently held by the COFINA Senior
Bondholders' Coalition.

The members of the COFINA Senior Bondholders' Coalition hold
disclosable economic interests, or act as investment advisors or
managers to funds, entities and/or accounts or their respective
affiliates that hold disclosable economic interests in relation to
COFINA.  The members of COFINA Senior Bondholders' Coalition hold,
or are the investment advisors or managers to funds, entities
and/or accounts that hold, approximately $2,585,880,950 in
aggregate amount of COFINA Senior Bonds (based on their accreted
value as of October 16, 2017) and approximately $708,744,510 in
aggregate amount of COFINA subordinate bonds (based on their
accreted value as of October 16, 2017):

    1. Jose F. Rodriguez
       PO Box 8848,
       San Juan, PR 00910

       * $250,000 Uninsured COFINA Senior Bonds
   
    2. Fideicomiso
       Plaza 131 Dorado Beach East,
       Dorado PR 00646

       * $1,210,000 Uninsured COFINA Senior Bonds

    3. Decagon Holdings 1, L.L.C.
       800 Boylston Street,
       Boston, MA 02199

       * $3,275,195 Insured COFINA Senior Bonds
       * $26,110,399 Uninsured COFINA Senior Bonds
       * $27,599,409 Uninsured COFINA Subordinate Bonds

    4. Decagon Holdings 2, L.L.C.
       800 Boylston Street, Boston, MA 02199

       * $4,321,078 Insured COFINA Senior Bonds
       * $33,980,291 Uninsured COFINA Senior Bonds
       * $35,002,710 Uninsured COFINA Subordinate Bonds

    5. Decagon Holdings 3, L.L.C.
       800 Boylston Street,
       Boston, MA 02199

       * $1,750,967 Insured COFINA Senior Bonds
       * $13,887,336 Uninsured COFINA Senior Bonds
       * $14,704,241 Uninsured COFINA Subordinate Bonds
    6. Decagon Holdings 4, L.L.C.
       800 Boylston Street, Boston, MA 02199

       * $17,152,073 Insured COFINA Senior Bonds
       * $141,074,331 Uninsured COFINA Senior Bonds
       * $146,170,718 Uninsured COFINA Subordinate Bonds

    7. Decagon Holdings 5, L.L.C.
       800 Boylston Street, Boston, MA 02199
       * $5,278,618 Insured COFINA Senior Bonds
       * $42,075,985 Uninsured COFINA Senior Bonds
       * $44,624,498 Uninsured COFINA Subordinate Bonds

    8. Decagon Holdings 6, L.L.C.
       800 Boylston Street,
       Boston, MA 02199

       * $1,999,395 Insured COFINA Senior Bonds
       * $15,890,556 Uninsured COFINA Senior Bonds
       * $16,113,852 Uninsured COFINA Subordinate Bonds

    9. Decagon Holdings 7, L.L.C.
       800 Boylston Street, Boston, MA 02199
       * $11,539,381 Insured COFINA Senior Bonds
       * $93,377,700 Uninsured COFINA Senior Bonds
       * $106,128,149 Uninsured COFINA Subordinate Bonds

   10. Decagon Holdings 8, L.L.C.
       800 Boylston Street, Boston, MA 02199
       * $3,251,234 Insured COFINA Senior Bonds
       * $27,764,920 Uninsured COFINA Senior Bonds
       * $30,046,076 Uninsured COFINA Subordinate Bonds

   11. Decagon Holdings 9, L.L.C.
       800 Boylston Street,
       Boston, MA 02199

       * $2,078,748 Insured COFINA Senior Bonds
       * $16,345,007 Uninsured COFINA Senior Bonds
       * $17,796,793 Uninsured COFINA Subordinate Bonds

   12. Decagon Holdings 10, L.L.C.
       800 Boylston Street, Boston, MA 02199
       * $1,497,379 Insured COFINA Senior Bonds
       * $11,751,906 Uninsured COFINA Senior Bonds
       * $12,783,735 Uninsured COFINA Subordinate Bonds

   13. Tilden Park Capital Management LP
       (on behalf of its participating clients)
       452 5th Ave, 28th Floor
       New York, NY 10018

      * $13,215,300 Insured COFINA Senior Bonds
      * $478,854,444 Uninsured COFINA Senior Bonds
      * $9,223,136 Uninsured COFINA Subordinate Bonds

  14. GoldenTree Asset Management LP
      (on behalf of its participating clients)
      300 Park Avenue 20th Floor
      New York, NY 10022

      * $153,121,027 Insured COFINA Senior Bonds
      * $466,427,273 Uninsured COFINA Senior Bonds
      * $233,030,249 Uninsured COFINA Subordinate Bonds
  
  15. Canyon Capital Advisors LLC
      (on behalf of its participating clients)
      2000 Avenue of the Stars
      11th Floor
      Los Angeles, CA 90067

      * $301,655,000 Uninsured COFINA Senior Bonds

  16. Old Bellows Partners LP
      (on behalf of its participating clients)
      660 Madison Ave, #20
      New York, NY 10065

      * $216,134,665 Uninsured COFINA Senior Bonds

  17. Scoggin Management LP
      (on behalf of its participating clients)
      660 Madison Ave, #20
      New York, NY 10065

      * $62,716,100 Uninsured COFINA Senior Bonds

  18. Whitebox Advisors LLC
      (on behalf of its participating clients)
      3033 Excelsior Boulevard, Suite 300
      Minneapolis, MN 55416

      * $97,196,735 Uninsured COFINA Senior Bonds
      * $2,863,709 Uninsured COFINA Subordinate Bonds

  19. Taconic Capital Advisors L.P.
      (on behalf of funds under management)
      280 Park Avenue, 5th Floor
      New York, NY 10017

      * $108,225,797 Insured COFINA Senior Bonds
      * $11,850,000 Uninsured COFINA Senior Bonds
      * $8,222,234 Uninsured COFINA Subordinate Bonds

  20. Cyrus Capital Partners, L.P.
      (on behalf of its participating clients)
      399 Park Avenue
      39th Floor
      New York, NY 10022

      * $94,157,137 Insured COFINA Senior Bonds

  21. Aristeia Capital, L.L.C.
      (on behalf of its participating clients)
      One Greenwich Plaza
      3rd Floor
      Greenwich, CT 06830

      * $107,925,000 Uninsured COFINA Senior Bonds
      * $4,435,000 Uninsured COFINA Subordinate Bonds

                      About Puerto Rico

Puerto Rico is a self-governing commonwealth in association with
the United States that's facing a massive bond debt of $70 billion,
a 68% debt-to-GDP ratio and negative economic growth in nine of the
last 10 years.

The Commonwealth of Puerto Rico has sought bankruptcy protection,
aiming to restructure its massive $74 billion debt-load and $49
billion in pension obligations.

The debt restructuring petition was filed by Puerto Rico's
financial oversight board in U.S. District Court in Puerto Rico
(Case No. 17-01578) on May 3, 2017, and was made under Title III of
2016's U.S. Congressional rescue law known as the Puerto Rico
Oversight, Management, and Economic Stability Act ("PROMESA").

The Financial Oversight and Management Board later commenced Title
III cases for the Puerto Rico Sales Tax Financing Corporation
(COFINA) on May 5, 2017, and the Employees Retirement System (ERS)
and the Puerto Rico Highways and Transportation Authority (HTA) on
May 21, 2017.  On July 2, 2017, a Title III case was commenced for
the Puerto Rico Electric Power Authority ("PREPA").

U.S. Chief Justice John Roberts has appointed U.S. District Judge
Laura Taylor Swain to oversee the Title III cases.  The Honorable
Judith Dein, a United States Magistrate Judge for the District of
Massachusetts, has been designated to preside over matters that may
be referred to her by Judge Swain, including discovery disputes,
and management of other pretrial proceedings.

Joint administration of the Title III cases, under Lead Case No.
17-3283, was granted on June 29, 2017.

The Oversight Board has hired as advisors, Proskauer Rose LLP and
O'Neill & Borges LLC as legal counsel, McKinsey & Co. as strategic
consultant, Citigroup Global Markets, as municipal investment
banker, and Ernst & Young, as financial advisor.

Martin J. Bienenstock, Esq., Scott K. Rutsky, Esq., and Philip M.
Abelson, Esq., of Proskauer Rose; and Hermann D. Bauer, Esq., at
O'Neill & Borges are on-board as attorneys.

McKinsey & Co. is the Board's strategic consultant, Ernst & Young
is the Board's financial advisor, and Citigroup Global Markets Inc.
is the Board's municipal investment banker.

Prime Clerk LLC is the claims and noticing agent.  Prime Clerk
maintains a case web site at:

           https://cases.primeclerk.com/puertorico

Epiq Bankruptcy Solutions LLC is the service agent for ERS, HTA,
and PREPA.

O'Melveny & Myers LLP is counsel to the Commonwealth's Puerto Rico
Fiscal Agency and Financial Advisory Authority (AAFAF), the agency
responsible for negotiations with bondholders. The Law offices of
Andres W. Lopez, P.S.C., is co-attorney to the AAFAF.

The Oversight Board named Professor Nancy B. Rapoport as fee
examiner and to chair a committee to review professionals' fees.

                      Bondholders' Attorneys

Toro, Colon, Mullet, Rivera & Sifre, P.S.C. and Kramer Levin
Naftalis & Frankel LLP serve as counsel to the Mutual Fund Group,
comprised of mutual funds managed by Oppenheimer Funds, Inc.,
Franklin Advisers, Inc., and the First Puerto Rico Family of Funds,
which collectively hold over $3.5 billion in COFINA Bonds and over
$2.9 billion in other bonds issued by Puerto Rico and other
instrumentalities, including over $1.8 billion of Puerto Rico
general obligation bonds ("GO Bonds").

White & Case LLP and Lopez Sanchez & Pirillo LLC represent the UBS
Family of Funds and the Puerto Rico Family of Funds, which hold
$613.3 million in COFINA bonds.

Paul, Weiss, Rifkind, Wharton & Garrison LLP, Robbins, Russell,
Englert, Orseck, Untereiner & Sauber LLP, and Jimenez, Graffam &
Lausell are co-counsel to the ad hoc group of General Obligation
Bondholders, comprised of Aurelius Capital Management, LP, Autonomy
Capital (Jersey) LP, FCO Advisors LP, Franklin Mutual Advisers LLC,
Monarch Alternative Capital LP, Senator Investment Group LP, and
Stone Lion Capital Partners L.P.

Quinn Emanuel Urquhart & Sullivan, LLP and Reichard & Escalera are
co-counsel to the ad hoc coalition of holders of senior bonds
issued by COFINA, comprised of at least 30 institutional holders,
including Canyon Capital Advisors LLC and Varde Investment
Partners, L.P.

Correa Acevedo & Abesada Law Offices, P.S.C., is counsel to Canyon
Capital Advisors, LLC, River Canyon Fund Management, LLC, Davidson
Kempner Capital Management LP, OZ Management, LP, and OZ Management
II LP (the QTCB Noteholder Group).

                           Committees

The U.S. Trustee formed a nine-member Official Committee of
Retirees and a seven-member Official Committee of Unsecured
Creditors of the Commonwealth.  The Retiree Committee tapped Jenner
& Block LLP and Bennazar, Garcia & Milian, C.S.P., as its
attorneys.  The Creditors Committee tapped Paul Hastings LLP and
O'Neill & Gilmore LLC as counsel.


PUERTO RICO: FGIC Bid for 90-Day Stay of Suits Facing Objections
----------------------------------------------------------------
The Financial Oversight and Management Board for Puerto Rico, as
well as other parties, on Oct. 31, 2017, filed objections to the
urgent motion of Financial Guaranty Insurance Company regarding a
proposed 90-day stay of all litigation to facilitate the recovery
from hurricanes Irma and Maria.

Counsel to the Oversight Board, Martin J. Bienenstock, Esq., at
Proskauer Rose LLP, tells the U.S. District Court for the District
of Puerto Rico that over a month after Hurricane Maria, FGIC
propounds an urgent motion about the hurricane, attempting to stall
litigation in which it is not even a party.  The Oversight Board
opposes FGIC's requested "90-day stay of all pending litigation in
these Title III cases and all related adversary proceedings."  The
Board believes that such a stay would be detrimental to Puerto
Rico's recovery.

Mr. Bienenstock notes that the government has filed pleadings
urging the prompt continuation of all litigation because it raises
threshold issues requiring resolution before any restructuring can
be finalized.  A stay, he says, would hinder the Debtors' ongoing
efforts to formulate plans of adjustment ("Plans"). The Oversight
Board, the Debtors, the Puerto Rico Fiscal Agency and Financial
Advisory Authority ("AAFAF"), and many others are working
tirelessly to resolve threshold legal disputes, rebuild the
island's infrastructure after the devastation wrought by Hurricanes
Irma and Maria, and expeditiously set Puerto Rico back on a
prosperous path that is fiscally responsible with capital market
access.

"Delaying such progress by calling for an unnecessary "timeout"
will only retard the recovery and yield zero benefits.  We
understand some creditors desire to delay resolutions of the
treatment of existing debt for as long as possible," says Mr.
Biennestock.

The Official Committee of Retired Employees of the Commonwealth of
Puerto Rico also raised an objection to the FGIC's motion.

"Movant stylizes its Motion and its request for a sweeping stay as
a chance to give "the government and the people of Puerto Rico
...time to recover from the impact of [Hurricane Irma and Hurricane
Maria]."  That proffered justification, however, is little more
than a smoke screen for the Movant's true purpose-to stop these
Title III Cases in their tracks except for the Appointments Clause
challenge to the constitutionality of PROMESA," says Robert Gordon,
Esq., at Jenner & Block LLP, counsel to the Retired Employees
Committee.

The Puerto Rico Fiscal Agency and Financial Advisory Authority
("AAFAF"), as the entity authorized to act on behalf of the Debtor
entities under its authority under the Enabling Act of the Fiscal
Agency and Financial Advisory Authority, Act 2-201, objects to any
blanket stay of the Title III cases and related litigation.

AAFAF desires to move forward with the Title III cases and related
litigation with minimal disruption.  While AAFAF appreciates FGIC's
expressed concern for Puerto Rico's recovery, the democratically
elected Government of Puerto Rico has determined that it is in the
best interest of the people of Puerto Rico that these Title III
cases continue as expeditiously as possible.

On Oct. 24, 2017, Financial Guaranty Insurance Company ("FGIC") had
filed the Motion requesting a 90-day stay of the Title III cases
and all related litigation.

In justifying the motion, the FGIC pointed out that roughly four
weeks after Hurricane Maria made landfall, approximately 80 percent
of the Commonwealth is still without electricity, with some
residents having no power for the roughly 45 days since Hurricane
Irma skirted north of the island.  Governor Rossello optimistically
estimates power production will not be restored until mid-December.
In addition, about 1 million residents are still without running
water.

"As a practical matter, prosecuting these Title III Litigations in
a vacuum-removed from any commercial considerations-is
counterproductive.  U.S. Representative Rob Bishop, Chairman of the
House Natural Resources Committee, recently acknowledged the
Commonwealth's fiscal plan will have to be completely overhauled:
"They have to start over again," Bishop said.  "This changes the
dynamics of that plan.  So they're gonna have to redo the overall
funding plan again," Martin A. Sosland, Esq., at Butler Snow LLP,
counsel to the FGIC, explains.

"Litigating based on facts and positions that existed as of May 3,
2017, when the first Title III case was commenced, would be
nonsensical on the part of the parties in interest and wasteful of
the Court's time and resources. Indeed, as this Court has already
seen, certain pending actions challenging the current fiscal plan
have or will be dismissed by those parties.  Other legal issues may
similarly become moot upon the certification of a new fiscal plan
that takes into account the post-Hurricanes Irma and Maria
landscape in the Commonwealth."

Attorneys for Financial Guaranty Insurance Company:

         Maria E. Pico, Esq.
         REXACH & PICO, CSP
         802 Ave. Fernandez Juncos
         San Juan PR 00907-4315
         Telephone: (787) 723-8520
         Facsimile: (787) 724-7844
         E-mail: mpico@rexachpico.com

                 - and -

         Martin A. Sosland, Esq.
         BUTLER SNOW LLP
         5430 LBJ Freeway, Suite 1200
         Dallas, TX 75240
         Telephone: (469) 680-5502
         Facsimile: (469) 680-5501
         E-mail: martin.sosland@butlersnow.com

                 - and -

         Stanford G. Ladner, Esq.
         BUTLER SNOW LLP
         1700 Broadway, 41st Floor
         New York, NY 10019
         Telephone: (646) 606-3996
         Facsimile: (646) 606-3995
         E-mail: stan.ladner@butlersnow.com

                 - and -

         Christopher R. Maddux, Esq.
         J. Mitchell Carrington, Esq.
         BUTLER SNOW LLP
         1020 Highland Colony Parkway, Suite 1400
         Ridgeland, MS 39157
         Telephone: (601) 985-2200
         Facsimile: (601) 985-4500
         E-mail: chris.maddux@butlersnow.com
                 mitch.carrington@butlersnow.com

                 - and -

         Jason W. Callen, Esq.
         BUTLER SNOW LLP
         150 3rd Avenue, South, Suite 1600
         Nashville, TN 37201
         Telephone: (615) 651-6774
         Facsimile: (615) 651-6701
         E-mail: jason.callen@butlersnow.com

Attorneys for the he Puerto Rico Fiscal Agency and Financial
Advisory Authority:

         John J. Rapisardi, Esq.
         Suzzanne Uhland, Esq.
         O'MELVENY & MYERS LLP
         7 Times Square
         New York, NY 10036
         Tel: (212) 326-2000
         Fax: (212) 326-2061

                 - and -

         Peter Friedman, Esq.
         O'MELVENY & MYERS LLP
         1625 Eye Street, NW
         Washington, DC 20006
         Tel: (202) 383-5300
         Fax: (202) 383-5414

                 - and -

         Andres W. Lopez, Esq.
         THE LAW OFFICES OF ANDRES W. LOPEZ, P.S.C.
         902 Fernandez Juncos Ave.
         San Juan, PR 00907
         Tel: (787) 294-9508
         Fax: (787) 294-9519

                      About Puerto Rico

Puerto Rico is a self-governing commonwealth in association with
the United States that's facing a massive bond debt of $70 billion,
a 68% debt-to-GDP ratio and negative economic growth in nine of the
last 10 years.

The Commonwealth of Puerto Rico has sought bankruptcy protection,
aiming to restructure its massive $74 billion debt-load and $49
billion in pension obligations.

The debt restructuring petition was filed by Puerto Rico's
financial oversight board in U.S. District Court in Puerto Rico
(Case No. 17-01578) on May 3, 2017, and was made under Title III of
2016's U.S. Congressional rescue law known as the Puerto Rico
Oversight, Management, and Economic Stability Act ("PROMESA").

The Financial Oversight and Management Board later commenced Title
III cases for the Puerto Rico Sales Tax Financing Corporation
(COFINA) on May 5, 2017, and the Employees Retirement System (ERS)
and the Puerto Rico Highways and Transportation Authority (HTA) on
May 21, 2017.  On July 2, 2017, a Title III case was commenced for
the Puerto Rico Electric Power Authority ("PREPA").

U.S. Chief Justice John Roberts has appointed U.S. District Judge
Laura Taylor Swain to oversee the Title III cases.  The Honorable
Judith Dein, a United States Magistrate Judge for the District of
Massachusetts, has been designated to preside over matters that may
be referred to her by Judge Swain, including discovery disputes,
and management of other pretrial proceedings.

Joint administration of the Title III cases, under Lead Case No.
17-3283, was granted on June 29, 2017.

The Oversight Board has hired as advisors, Proskauer Rose LLP and
O'Neill & Borges LLC as legal counsel, McKinsey & Co. as strategic
consultant, Citigroup Global Markets, as municipal investment
banker, and Ernst & Young, as financial advisor.

Martin J. Bienenstock, Esq., Scott K. Rutsky, Esq., and Philip M.
Abelson, Esq., of Proskauer Rose; and Hermann D. Bauer, Esq., at
O'Neill & Borges are on-board as attorneys.

McKinsey & Co. is the Board's strategic consultant, Ernst & Young
is the Board's financial advisor, and Citigroup Global Markets Inc.
is the Board's municipal investment banker.

Prime Clerk LLC is the claims and noticing agent.  Prime Clerk
maintains a case web site at:

           https://cases.primeclerk.com/puertorico

Epiq Bankruptcy Solutions LLC is the service agent for ERS, HTA,
and PREPA.

O'Melveny & Myers LLP is counsel to the Commonwealth's Puerto Rico
Fiscal Agency and Financial Advisory Authority (AAFAF), the agency
responsible for negotiations with bondholders. The Law offices of
Andres W. Lopez, P.S.C., is co-attorney to the AAFAF.

The Oversight Board named Professor Nancy B. Rapoport as fee
examiner and to chair a committee to review professionals' fees.

                      Bondholders' Attorneys

Toro, Colon, Mullet, Rivera & Sifre, P.S.C. and Kramer Levin
Naftalis & Frankel LLP serve as counsel to the Mutual Fund Group,
comprised of mutual funds managed by Oppenheimer Funds, Inc.,
Franklin Advisers, Inc., and the First Puerto Rico Family of Funds,
which collectively hold over $3.5 billion in COFINA Bonds and over
$2.9 billion in other bonds issued by Puerto Rico and other
instrumentalities, including over $1.8 billion of Puerto Rico
general obligation bonds ("GO Bonds").

White & Case LLP and Lopez Sanchez & Pirillo LLC represent the UBS
Family of Funds and the Puerto Rico Family of Funds, which hold
$613.3 million in COFINA bonds.

Paul, Weiss, Rifkind, Wharton & Garrison LLP, Robbins, Russell,
Englert, Orseck, Untereiner & Sauber LLP, and Jimenez, Graffam &
Lausell are co-counsel to the ad hoc group of General Obligation
Bondholders, comprised of Aurelius Capital Management, LP, Autonomy
Capital (Jersey) LP, FCO Advisors LP, Franklin Mutual Advisers LLC,
Monarch Alternative Capital LP, Senator Investment Group LP, and
Stone Lion Capital Partners L.P.

Quinn Emanuel Urquhart & Sullivan, LLP and Reichard & Escalera are
co-counsel to the ad hoc coalition of holders of senior bonds
issued by COFINA, comprised of at least 30 institutional holders,
including Canyon Capital Advisors LLC and Varde Investment
Partners, L.P.

Correa Acevedo & Abesada Law Offices, P.S.C., is counsel to Canyon
Capital Advisors, LLC, River Canyon Fund Management, LLC, Davidson
Kempner Capital Management LP, OZ Management, LP, and OZ Management
II LP (the QTCB Noteholder Group).

                           Committees

The U.S. Trustee formed a nine-member Official Committee of
Retirees and a seven-member Official Committee of Unsecured
Creditors of the Commonwealth.  The Retiree Committee tapped Jenner
& Block LLP and Bennazar, Garcia & Milian, C.S.P., as its
attorneys.  The Creditors Committee tapped Paul Hastings LLP and
O'Neill & Gilmore LLC as counsel.


PUERTO RICO: Revises Plan to End Debt Crisis After Hurricanes
-------------------------------------------------------------
The Financial Oversight and Management Board for Puerto Rico,
created by Congress under the bipartisan Puerto Rico Oversight,
Management and Economic Stability Act ("PROMESA"), on Oct. 31,
2017, announced the process toward a revised Fiscal Plan for Puerto
Rico, and its intent to certify the plan by Feb. 2, 2018.

In its 10th public Board meeting, Executive Director Natalie
Jaresko outlined the process for certifying a revised Fiscal Plan
with the Government. Several activities -- including an assessment
of the damages caused by Hurricane Maria, and renewed plans for
fiscal and structural reforms -- will inform the development of a
revised Commonwealth Fiscal Plan.  The Board will conduct listening
sessions through December with stakeholders.  Its review of the
revised Fiscal Plan will occur during the month of January. The
certification is expected on Feb. 2.  In addition to the
Commonwealth, timelines were established for PREPA, PRASA, HTA, UPR
and COSSEC to submit revised fiscal plans for certification by the
Board.

"The fiscal and structural reforms approved by the Board in the
Fiscal Plan certified March 13 were ambitious and would have
required unprecedented levels of effort by the Commonwealth, but
would have enabled Puerto Rico to achieve fiscal responsibility and
renewed access to capital markets," said Jaresko.  "Hurricanes
Maria and Irma have fundamentally changed Puerto Rico's reality and
the revised Fiscal Plan must take that new reality into account.
The Board is fully aware that Puerto Rico's precarious fiscal
situation will mean a long road to recovery, and its commitment to
helping Puerto Rico during these difficult times is stronger than
ever."

Pursuant to Section 204(b) of PROMESA, the Board also adopted a new
government contract approval policy to ensure that Government
contracts "promote market competition" and "are not inconsistent
with the approved Fiscal Plan."

"The policy presented today is designed to safeguard these
principles for the benefit of the people of Puerto Rico and to
maintain our focus on assuring fiscal responsibility," added
Jaresko. "As we have said from the beginning, transparency is an
intrinsic component of PROMESA and a guiding principle for the
Board's efforts towards Puerto Rico's revitalization."

The Board meeting also included an update on the Special
Committee's independent investigation into Puerto Rico's debt, and
remarks by Noel Zamot, whose appointment as Chief Transformation
Officer for PREPA has been submitted to the court. The Board
remains committed to Puerto Rico's long-term recovery and ensuring
the Commonwealth has the resources needed.

"Recognizing the current and future challenges ahead, the Board
will continue working with Congress and the Trump Administration,"
said Jaresko.  "We will continue to work in support of the
Government to rebuild the Island's infrastructure, and lay an
orderly path forward with the goal of rebuilding Puerto Rico as
quickly as possible."

All relevant material of public interest will be posted on the
Oversight Board's website at the conclusion of the meeting.

                      About Puerto Rico

Puerto Rico is a self-governing commonwealth in association with
the United States that's facing a massive bond debt of $70 billion,
a 68% debt-to-GDP ratio and negative economic growth in nine of the
last 10 years.

The Commonwealth of Puerto Rico has sought bankruptcy protection,
aiming to restructure its massive $74 billion debt-load and $49
billion in pension obligations.

The debt restructuring petition was filed by Puerto Rico's
financial oversight board in U.S. District Court in Puerto Rico
(Case No. 17-01578) on May 3, 2017, and was made under Title III of
2016's U.S. Congressional rescue law known as the Puerto Rico
Oversight, Management, and Economic Stability Act ("PROMESA").

The Financial Oversight and Management Board later commenced Title
III cases for the Puerto Rico Sales Tax Financing Corporation
(COFINA) on May 5, 2017, and the Employees Retirement System (ERS)
and the Puerto Rico Highways and Transportation Authority (HTA) on
May 21, 2017.  On July 2, 2017, a Title III case was commenced for
the Puerto Rico Electric Power Authority ("PREPA").

U.S. Chief Justice John Roberts has appointed U.S. District Judge
Laura Taylor Swain to oversee the Title III cases.  The Honorable
Judith Dein, a United States Magistrate Judge for the District of
Massachusetts, has been designated to preside over matters that may
be referred to her by Judge Swain, including discovery disputes,
and management of other pretrial proceedings.

Joint administration of the Title III cases, under Lead Case No.
17-3283, was granted on June 29, 2017.

The Oversight Board has hired as advisors, Proskauer Rose LLP and
O'Neill & Borges LLC as legal counsel, McKinsey & Co. as strategic
consultant, Citigroup Global Markets, as municipal investment
banker, and Ernst & Young, as financial advisor.

Martin J. Bienenstock, Esq., Scott K. Rutsky, Esq., and Philip M.
Abelson, Esq., of Proskauer Rose; and Hermann D. Bauer, Esq., at
O'Neill & Borges are on-board as attorneys.

McKinsey & Co. is the Board's strategic consultant, Ernst & Young
is the Board's financial advisor, and Citigroup Global Markets Inc.
is the Board's municipal investment banker.

Prime Clerk LLC is the claims and noticing agent.  Prime Clerk
maintains a case web site at:

           https://cases.primeclerk.com/puertorico

Epiq Bankruptcy Solutions LLC is the service agent for ERS, HTA,
and PREPA.

O'Melveny & Myers LLP is counsel to the Commonwealth's Puerto Rico
Fiscal Agency and Financial Advisory Authority (AAFAF), the agency
responsible for negotiations with bondholders.

The Oversight Board named Professor Nancy B. Rapoport as fee
examiner and to chair a committee to review professionals' fees.

                      Bondholders' Attorneys

Toro, Colon, Mullet, Rivera & Sifre, P.S.C. and Kramer Levin
Naftalis & Frankel LLP serve as counsel to the Mutual Fund Group,
comprised of mutual funds managed by Oppenheimer Funds, Inc.,
Franklin Advisers, Inc., and the First Puerto Rico Family of Funds,
which collectively hold over $3.5 billion in COFINA Bonds and over
$2.9 billion in other bonds issued by Puerto Rico and other
instrumentalities, including over $1.8 billion of Puerto Rico
general obligation bonds ("GO Bonds").

White & Case LLP and Lopez Sanchez & Pirillo LLC represent the UBS
Family of Funds and the Puerto Rico Family of Funds, which hold
$613.3 million in COFINA bonds.

Paul, Weiss, Rifkind, Wharton & Garrison LLP, Robbins, Russell,
Englert, Orseck, Untereiner & Sauber LLP, and Jimenez, Graffam &
Lausell are co-counsel to the ad hoc group of General Obligation
Bondholders, comprised of Aurelius Capital Management, LP, Autonomy
Capital (Jersey) LP, FCO Advisors LP, Franklin Mutual Advisers LLC,
Monarch Alternative Capital LP, Senator Investment Group LP, and
Stone Lion Capital Partners L.P.

Quinn Emanuel Urquhart & Sullivan, LLP and Reichard & Escalera are
co-counsel to the ad hoc coalition of holders of senior bonds
issued by COFINA, comprised of at least 30 institutional holders,
including Canyon Capital Advisors LLC and Varde Investment
Partners, L.P.

Correa Acevedo & Abesada Law Offices, P.S.C., is counsel to Canyon
Capital Advisors, LLC, River Canyon Fund Management, LLC, Davidson
Kempner Capital Management LP, OZ Management, LP, and OZ Management
II LP (the QTCB Noteholder Group).

                           Committees

The U.S. Trustee formed a nine-member Official Committee of
Retirees and a seven-member Official Committee of Unsecured
Creditors of the Commonwealth.  The Retiree Committee tapped Jenner
& Block LLP and Bennazar, Garcia & Milian, C.S.P., as its
attorneys.  The Creditors Committee tapped Paul Hastings LLP and
O'Neill & Gilmore LLC as counsel.


QUOTIENT LIMITED: Galen Entities Own 16% of Shares as of Oct. 26
----------------------------------------------------------------
In a Schedule 13D/A filed with the Securities and Exchange
Commission, these reporting persons disclosed beneficial ownership
of ordinary shares, no par value, of Quotient Limited as of Oct.
26, 2017:

                                      Shares      Percentage
                                   Beneficially      of
  Reporting Person                     Owned       Shares
  ----------------                 ------------   ----------
Galen Partners V LP                  6,613,590       14.4%
Galen Partners International V LP      564,780        1.2%
Galen Management LLC                   150,704        0.3%
Galen Partners V, L.L.C.             7,178,370       15.6%
Zubeen Shroff                        7,349,629       16.0%
L. John Wilkerson                    7,348,129       16.0%
David Jahns                          7,329,074       15.6%

Galen Partners V, L.L.C. is the general partner of Galen LP and
Galen International and the Listed Persons are the managing
directors of Galen.  Galen LP, Galen International, Management,
Galen and the Listed Persons expressly disclaim status as a "group"
for purposes of this Schedule 13D.

The percentage is based upon 45,542,808 Ordinary Shares
outstanding, which is the sum of (i) 37,688,125 Ordinary Shares
outstanding as of Aug. 4, 2017, as reported in the Issuer's
Quarterly Report on Form 10-Q for the quarterly period ended
June 30, 2017 filed with the Securities and Exchange Commission on
Aug. 8, 2017, and (ii) 7,874,683 shares of Ordinary Shares issued
by the Issuer pursuant to the private placement.

On Oct. 24, 2017, Quotient Limited entered into Subscription
Agreements with the Galen parties for the private placement of (i)
7,874,683 newly issued ordinary shares, of nil par value, of the
Issuer at a subscription price of $4.64 per share, which is equal
to the closing bid price of the ordinary shares on NASDAQ on
Oct. 24, 2017, (ii) newly issued warrants of the Issuer, at a
purchase price of $0.125 per underlying warrant share, exercisable
for up to 8,414,683 ordinary shares at an exercise price of $5.80
per ordinary share, and (iii) newly issued pre-funded warrants of
the Issuer at a purchase price of $4.755 per underlying pre-funded
warrant share, exercisable for up to 550,000 ordinary shares at an
exercise price of $0.01 per ordinary share.  Galen LP and Galen
International purchased 386,695 and 33,033 Ordinary Shares and
386,695 and 33,033 New Warrants, respectively.  The source of funds
for such purchase was the working capital of Galen LP and Galen
International and capital contributions made to Galen LP and Galen
International by their partners.

                   Registration Rights Agreement

In connection with the Private Placement, the Issuer also entered
into a Registration Rights Agreement, dated Oct. 24, 2017, with the
Subscribers pursuant to which it has agreed to file, within 15 days
of the closing of the Private Placement, a registration statement
with the Securities and Exchange Commission to register the Shares
and the New Warrants for resale, which registration statement is
required to become effective within 45 days following the closing.
The Issuer will be required to pay certain cash amounts as
liquidated damages of one percent of the aggregate purchase price
of the New Ordinary Shares and Warrants that are registrable
securities per month (up to a cap of 10% of the aggregate
subscription price of the New Ordinary Shares and Warrants) if it
does not meet certain of its obligations under the Registration
Rights Agreement with respect to the registration of the Shares and
the New Warrants.

                           Lock-up Agreement

Galen LP, Galen International, Management, Galen, Zubeen Shroff and
L. John Wilkerson have agreed with Perceptive Advisors LLC and
Highbridge Capital Management, LLC, affiliates of the lead
investors in the Private Placement, that, for a period beginning on
Oct. 24, 2017, and ending on Jan. 28, 2018, that they will not,
without the prior written consent of each of Perceptive Advisors
LLC and Highbridge Capital Management, LLC, (i) sell, offer to
sell, contract or agree to sell, hypothecate, pledge, grant any
option to purchase or otherwise dispose of or agree to dispose of,
directly or indirectly, or establish or increase a put equivalent
position or liquidate or decrease a call equivalent position with
respect to, any Ordinary Shares or any other securities of the
Issuer that are substantially similar to Ordinary Shares, or any
other securities of the Issuer that are substantially similar to
Ordinary Shares, or any securities convertible into or exchangeable
or exercisable for, or any warrants or other rights to acquire, the
foregoing, (ii) enter into any swap or other arrangement that
transfers to another, in whole or in part, any of the economic
consequences of ownership of Ordinary Shares or any other
securities of the Issuer that are substantially similar to Ordinary
Shares, or any securities convertible into or exchangeable or
exercisable for, or any warrants or other rights to acquire, the
foregoing, whether any such transaction is to be settled by
delivery of Ordinary Shares or such other securities, in cash or
otherwise or (iii) publicly announce an intention to effect any
transaction specified in clause (i) or (ii).

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

                       https://is.gd/OsXZBZ

                      About Quotient Limited

Penicuik, United Kingdom-based Quotient Limited --
http://www.quotientbd.com/-- develops, manufactures and sells
products for the global transfusion diagnostics market.  Products
manufactured by the Group are sold to hospitals, blood banking
operations and other diagnostics companies worldwide.  Quotient
Limited completed an initial public offering for its ordinary
shares on April 30, 2014 pursuant to which it issued 5,000,000
units each consisting of one ordinary share, no par value and one
warrant to purchase 0.8 of one ordinary share at an exercise price
of $8.80 per whole ordinary share, raising $40 million of new
equity share capital before issuing expenses.

Quotient Limited reported a net loss of US$85.06 million on
US$22.22 million of total revenue for the year ended March 31,
2017, compared to a net loss of US$33.87 million on US$18.52
million of total revenue for the year ended March 31, 2016.  As of
Sept. 30, 2017, Quotient Limited had US$122.21 million in total
assets, $138.59 million in total liabilities and a total
shareholders' deficit of US$16.37 million.

Ernst & Young LLP, in Belfast, United Kingdom, issued a "going
concern" opinion in its report on the consolidated financial
statements for the year ended March 31, 2017, citing that the
Company has recurring losses from operations and planned
expenditure exceeding available funding that raise substantial
doubt about its ability to continue as a going concern.


QUOTIENT LIMITED: Reports $21.7-Mil. Second Quarter Net Loss
------------------------------------------------------------
Quotient Limited filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss of US$21.69
million on US$5.91 million of total revenue for the quarter ended
Sept. 30, 2017, compared to a net loss of US$17.35 million on
US$6.14 million of total revenue for the quarter ended Sept. 30,
2016.

For the six months ended Sept. 30, 2017, Quotient Limited reported
a net loss of US$41.92 million on US$12.73 million of total revenue
compared to a net loss of US$33.59 million on US$11.86 million of
total revenue for the same period during the prior year.

As of Sept. 30, 2017, Quotient Limited had US$122.21 million in
total assets, $138.59 million in total liabilities and a total
shareholders' deficit of US$16.37 million.

"I am pleased to report that we have made great progress in both
proving and derisking the MosaiQ project.  The positive V&V
concordance data for the initial blood grouping microarray, a
critical milestone in advance of commencing field trials, proves
that MosaiQ works under conditions similar to a full field trial."
said Paul Cowan, chairman and chief executive officer of Quotient.
He added, "with this milestone behind us we chose to raise up to
$89 million of new equity, with $40 million available immediately
and another $49 million expected upon the exercise of warrants by
mid 2018.  We believe this infusion of capital, combined with
existing cash resources and debt facilities available to be drawn
upon successful field trial data, will provide sufficient funding
through to the commercialization of MosaiQ."

"Our conventional reagent business achieved product sales growth of
22% in the fiscal 2018 second quarter ("2QFY18") and 15% year to
date, while also delivering seven new reagent products licensed for
sale in the U.S. by the FDA," said Paul Cowan.  "Strong top line
performance in the quarter was due to 23% growth in sales to OEM
customers, and to a lesser extent by 6% growth in our U.S. direct
business.  Our focus on growing these more profitable revenue lines
has shown positive results, with continued strong gross margin
improvement in the quarter."

Capital expenditures totaled $12.3 million in 2QFY18, compared with
$9.4 million in the fiscal 2017 second quarter, largely reflecting
ongoing investment related to the construction of the Company's new
conventional reagent manufacturing facility near Edinburgh,
Scotland.

Quotient ended 2QFY18 with $19.8 million in cash and other
short-term investments and $78.6 million of term debt, net of $5.0
million in an offsetting long-term cash reserve account.  On
Oct. 24, 2017, the Company entered into subscription agreements for
the private placement of (i) 7,864,683 ordinary shares at $4.64 per
share; (ii) 550,000 pre-funded warrants at $4.755 per underlying
pre-funded warrant exercisable for up to 550,000 ordinary shares at
$0.01 per ordinary share; and (iii) 8,414,683 warrants at $0.125
per underlying warrant share exercisable for up to 8,414,683
ordinary shares at $5.80 per ordinary share.  The initial sale of
ordinary shares and warrants generated proceeds of approximately
$40 million.  The recently issued warrants will also provide up to
$49 million of additional funding in 2018, assuming full exercise.
The company's near term funding plans also include the sale and
lease back of its recently completed BioCampus facility and the
issuance of an additional $36 million of its senior secured notes
upon achieving and publishing the targeted concordance levels for
the MosaiQ blood grouping microarray in its upcoming European field
trial.   

        Outlook for the Fiscal Year Ending March 31, 2018

Total revenue is expected to be in the range of $25 million to $27
million, including other revenue (product development fees) of
approximately $2 million.  Forecasted other revenue assumes the
receipt of milestone payments contingent upon achievement of
regulatory approval for certain products under development.  The
current expectation with respect to the receipt of the milestone
payment related to CE mark approval of the MosaiQ IH microarray is
in the second half of calendar year 2018.  The receipt of
development milestone payments involves risks and uncertainties.

Product sales expectations are increased to be in the range of $23
to $25 million.

Operating loss is now expected to be in the range of $70 to $75
million, including depreciation, amortization and share-based
compensation of $14.5 to $15 million.

Capital expenditures are still expected to be in the range of $25
to $30 million.

Product sales in the third quarter of fiscal 2018 are expected to
be in the range of $5.1 million to $5.4 million, compared with $4.8
million for the third quarter of fiscal 2017.

Quarterly product sales can fluctuate depending upon the shipment
cycles for red blood cell based products, which account for
approximately two-thirds of current product sales.  These products
typically experience 13 shipment cycles per year, equating to three
shipments of each product per quarter, except for one quarter per
year when four shipments occur.  The timing of shipment of bulk
antisera products to OEM customers may also move revenues from
quarter to quarter.  Some seasonality in demand is also experienced
around holiday periods in both Europe and the United States.  As a
result of these factors, Quotient expects to continue to see
seasonality and quarter-to-quarter variations in product sales.
The timing of product development fees included in other revenues
is mostly dependent upon the achievement of pre-negotiated project
milestones.

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

                      https://is.gd/zP3A6O

                     About Quotient Limited

Penicuik, United Kingdom-based Quotient Limited --
http://www.quotientbd.com/-- develops, manufactures and sells
products for the global transfusion diagnostics market.  Products
manufactured by the Group are sold to hospitals, blood banking
operations and other diagnostics companies worldwide.  Quotient
Limited completed an initial public offering for its ordinary
shares on April 30, 2014 pursuant to which it issued 5,000,000
units each consisting of one ordinary share, no par value and one
warrant to purchase 0.8 of one ordinary share at an exercise price
of $8.80 per whole ordinary share, raising $40 million of new
equity share capital before issuing expenses.

Quotient Limited reported a net loss of US$85.06 million on
US$22.22 million of total revenue for the year ended March 31,
2017, compared to a net loss of US$33.87 million on US$18.52
million of total revenue for the year ended March 31, 2016.

Ernst & Young LLP, in Belfast, United Kingdom, issued a "going
concern" opinion in its report on the consolidated financial
statements for the year ended March 31, 2017, citing that the
Company has recurring losses from operations and planned
expenditure exceeding available funding that raise substantial
doubt about its ability to continue as a going concern.


QUOTIENT LIMITED: Shareholders Re-Elect Eight Directors
-------------------------------------------------------
At the annual shareholder meeting of Quotient Limited which was
held on Oct. 27, 2017, the shareholders re-elected Paul Cowan,
Thomas Bologna, Frederick Hallsworth, Brian McDonough, Sarah
O'Connor, Heino von Prondzynski, Zubeen Shroff and John Wilkerson
as directors, and (ii) approved the re-appointment of Ernst & Young
LLP as auditors from the conclusion of the Annual Meeting until the
next annual shareholder meeting to be held in 2018 and to authorize
the directors to determine the fees to be paid to the auditors.

                   About Quotient Limited

Penicuik, United Kingdom-based Quotient Limited --
http://www.quotientbd.com/-- develops, manufactures and sells
products for the global transfusion diagnostics market.  Products
manufactured by the Group are sold to hospitals, blood banking
operations and other diagnostics companies worldwide.  Quotient
Limited completed an initial public offering for its ordinary
shares on April 30, 2014 pursuant to which it issued 5,000,000
units each consisting of one ordinary share, no par value and one
warrant to purchase 0.8 of one ordinary share at an exercise price
of $8.80 per whole ordinary share, raising $40 million of new
equity share capital before issuing expenses.

Quotient Limited reported a net loss of US$85.06 million on
US$22.22 million of total revenue for the year ended March 31,
2017, compared to a net loss of US$33.87 million on US$18.52
million of total revenue for the year ended March 31, 2016.  

As of Sept. 30, 2017, Quotient Limited had US$122.21 million in
total assets, $138.6 million in total liabilities and a total
shareholders' deficit of US$16.37 million.

Ernst & Young LLP, in Belfast, United Kingdom, issued a "going
concern" opinion in its report on the consolidated financial
statements for the year ended March 31, 2017, citing that the
Company has recurring losses from operations and planned
expenditure exceeding available funding that raise substantial
doubt about its ability to continue as a going concern.


REDIGI INC: Court Says 'No' to Plan Solicitation Period Extension
-----------------------------------------------------------------
Judge Paul G. Hyman, Jr. of the U.S. Bankruptcy Court for the
Southern District of Florida has entered an order denying ReDigi,
Inc.'s Renewed Motion to Extend the Exclusive Plan Solicitation
Period.

The Debtor previously asked the Court to extend the exclusive plan
solicitation period through Oct. 17, 2017.

The Debtor's plan of reorganization is on file.  As reported by the
Troubled Company Reporter on June 8, 2017, the Debtor filed with
the Court the Disclosure Statement, which states that Class 3
general unsecured claimants will be paid 25% of net revenue at the
end of each calendar year starting as of Dec. 31, 2018, until all
allowed unsecured claims are paid in full without interest.

The Debtor's exclusive plan solicitation period runs through Sept.
12, 2017.  Sept. 11, the date prior to the expiration of the
Exclusive Solicitation Period, was the date scheduled for an
evidentiary hearing on motions seeking dismissal of this case,
conversion to Chapter 7, and the appointment of a trustee. However,
due to Hurricane Irma, the Sept. 11 evidentiary hearing was
rescheduled to Oct. 16.

The Court previously extended the Exclusive Solicitation Period so
that it expired one day after the evidentiary hearing on the
motions to dismiss, convert, or appoint trustee.

As reported by the TCR on March 15, 2017, the exclusive plan filing
period was extended through June 28, 2017, and the exclusive right
to solicit votes on a plan of reorganization through Aug. 28,
2017.

                      About ReDigi Inc.

ReDigi Inc. filed a Chapter 11 petition (Bankr. S.D. Fla. Case No.
16-20809) on Aug. 3, 2016, and is represented by Craig I Kelley,
Esq., of Kelley & Fulton, PL, in West Palm Beach, Florida.  The
petition was signed by John Mark Ossenmacher, CEO.  At the time of
the filing, the Debtor had $250 in total assets and $6,590,000 in
total liabilities. The Debtor employed Baker & Hostetler LLP as
special counsel.

An official committee of unsecured creditors has not been appointed
in the Debtor's Chapter 11 case.


RENNOVA HEALTH: Signs Exchange Agreement with Debenture Holders
---------------------------------------------------------------
On Sept. 19, 2017, Rennova Health, Inc., closed offerings of an
aggregate of $9,016,136 principal amount of Senior Secured Original
Issue Discount Convertible Debentures due Sept. 19, 2019, and
warrants to purchase shares of the Company's common stock.  

On Oct. 30, 2017, the Company entered into Exchange Agreements with
the holders of the Debentures.  The Exchange Agreements provide
that the holders may, from time to time, exchange their Debentures
for shares of a newly-authorized Series I-2 Convertible Preferred
Stock of the Company.

The Exchange Agreements permit the holders of the Debentures to
exchange specified principal amounts of the Debentures on various
closing dates from Dec. 2, 2017, through March 1, 2018.  Any
exchange is at the option of the holders.  Each holder may reduce
the principal amount of Debentures exchanged on any particular
closing date, or elect not to exchange any Debentures at all on a
closing date.  If a holder does choose to exchange less principal
amount of Debentures, or no Debentures at all, it can carry forward
such lesser amount to a future closing date and then exchange more
than the originally specified principal amount for that later
closing date.  For each $0.80 of principal amount of Debenture
surrendered to the Company at any closing date, the Company will
issue the holder a share of Preferred Stock with a stated value of
$1.00.

The following is a summary of certain terms and provisions of the
Preferred Stock:

   * General. The Company's board of directors has designated up to
12,000 shares of the 5,000,000 authorized shares of preferred stock
as the Preferred Stock.  Each share of Preferred Stock has a stated
value of $1,000.

   * Rank. The Preferred Stock is senior in right of payment,
including dividend rights and liquidation preference, to the
Company's Series G Convertible Preferred Stock and Series H
Convertible Preferred Stock.

   * Conversion. Each share of Preferred Stock is convertible into
shares of the Company's common stock at any time at the option of
the holder at a conversion price equal to the lesser of (i) $1.00,
subject to adjustment, and (ii) 85% of the lesser of the volume
weighted average market price of the common stock on the day prior
to conversion or on the day of conversion.  The conversion price is
subject to "full ratchet" and other customary anti-dilution
protections as more fully described in the Certificate of
Designation of the Preferred Stock.  Holders of the Preferred Stock
are prohibited from converting Preferred Stock into shares of
common stock if, as a result of such conversion, the holder,
together with its affiliates, would own more than 4.99% (or, upon
election of holder, 9.99%) of the total number of shares of common
stock then issued and outstanding.  However, any holder may
increase or decrease such percentage to any other percentage not in
excess of 9.99%, provided that any increase in such percentage will
not be effective until 61 days after notice to the Company.

   * Liquidation Preference. Upon any liquidation, dissolution or
winding-up of the Company, the holders of Preferred Stock will be
entitled to receive an amount equal to the stated value of the
Preferred Stock, plus any accrued and unpaid dividends thereon and
any other fees or liquidated damages then due and owing for each
share of Preferred Stock, before any distribution or payment shall
be made on any junior securities.

   * Voting Rights.  Shares of Preferred Stock generally have no
voting rights, except as required by law and except that the
affirmative vote of the holders of a majority of the then
outstanding shares of Preferred Stock is required to (a) alter or
change adversely the powers, preferences or rights given to the
Preferred Stock or alter or amend the Certificate of Designation of
the Preferred Stock, (b) authorize or create any class of stock
ranking as to dividends, redemption or distribution of assets upon
liquidation senior to, or otherwise pari passu with, the Preferred
Stock, (c) amend the Company's certificate of incorporation or
other charter documents in any manner that adversely affects any
rights of the holders, (d) increase the number of authorized shares
of Preferred Stock, or (e) enter into any agreement with respect to
any of the foregoing.

   * Dividends.  Holders of Preferred Stock shall be entitled to
receive dividends on shares of Preferred Stock equal (on an
as-converted to common stock basis) to and in the same form as
dividends actually paid on shares of common stock when, as and if
dividends are paid on shares of common stock.  No other dividends
will be paid on shares of Preferred Stock.

   * Redemption.  Upon the occurrence of certain Triggering Events
(as defined in the Certificate of Designation of the Preferred
Stock), the holder will, in addition to any other right it may
have, have the right, at its option, to require the Company to
either redeem the Preferred Stock in cash or in certain
circumstance in shares of common stock at the redemption prices set
forth in the Certificate of Designation.

   * Negative Covenants.  As long as at least a specified number of
shares of Preferred Stock are outstanding, unless the holders of
67% of the then outstanding shares of Preferred Stock will have
given prior written consent, the Company and its subsidiaries are,
with certain exceptions, limited from (a) incurring indebtedness,
(b) creating liens, (c) amending its charter documents, (d)
repurchasing or acquiring shares of common stock or common stock
equivalents, (e) paying cash dividends on junior securities, (f)
entering into transactions with affiliates, or (g) entering into
any agreement with respect to the foregoing.

The shares of Preferred Stock will be issued in reliance on the
exemption from registration contained in Section 3(a)(9) of the
Securities Act of 1933, as amended.

                       About Rennova Health

Based in West Palm Beach, Florida, Rennova Health, Inc.
(NASDAQ:RNVA) -- http://www.rennovahealth.com/-- provides health
care services for healthcare providers, their patients and
individuals.  Historically, the Company has operated its business
under one management team, but beginning in 2017, the Company
intends to operate in four synergistic divisions with specialized
management: (1) Clinical diagnostics through its clinical
laboratories; (2) supportive software solutions to healthcare
providers including Electronic Health Records, Laboratory
Information Systems and Medical Billing services; (3) Decision
support and interpretation of cancer and genomic diagnostics; and
(4) the recent addition of a hospital in Tennessee.

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.


REPLOGLE HARDWOOD: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 cases of Replogle Hardwood Flooring
Company, LLC and Replogle Enterprises, G.P. as of Oct. 30,
according to a court docket.

                    About Replogle Hardwood

Replogle Hardwood Flooring LLC sells a wide variety of unfinished
hardwood flooring that comes straight from its sawmill to its
showroom.  The Company is also a distributor of Turman, Somerset,
RealWood Floors, and WoodHouse prefinished and engineered flooring
as well as CoreTec engineered vinyl and Quick-Step laminate
flooring.

Based in Henry, Tennessee, Replogle Hardwood Flooring and its
affiliate, Replogle Enterprises, G.P., filed Chapter 11 petitions
(Bankr. W.D. Tenn. Case Nos. 17-12172 and 17-12173) on Sept. 29,
2017.  The petitions were signed by Nathan Replogle, authorized
representative of the Debtors.

At the time of filing, Replogle Hardwood disclosed $2,190,000 in
assets and $4,790,000 in liabilities, and Replogle Enterprises
disclosed $806,667 in assets and $5,110,000 in liabilities.

Judge Jimmy L Croom presides over the cases.  

Phillip G. Young, Jr., of Thompson Burton, PLLC, serves as counsel
to the Debtors.


RICHARDSON INVESTMENTS: Case Summary & 5 Unsecured Creditors
------------------------------------------------------------
Debtor: Richardson Investments LLC of Nashville
        5428 Clarksville Highway
        Whites Creek, TN 37189

Type of Business: Richardson Investments LLC, a small business
                  debtor as defined in 11 U.S.C. Section 101(51D),

                  is the fee simple owner of a commercial strip
                  center located at 5428 Clarksville Highway,
                  Whites Creek, Tennessee, valued by the company
                  at $1.1 million.  The company reported gross
                  revenue of $55,800 in 2016 and gross revenue of
                  $55,800 in 2015.  

Chapter 11 Petition Date: October 31, 2017

Case No.: 17-07377

Court: United States Bankruptcy Court
       Middle District of Tennessee (Nashville)

Judge: Hon. Randal S Mashburn

Debtor's Counsel: Steven L. Lefkovitz, Esq.
                  LEFKOVITZ & LEFKOVITZ
                  618 Church St Ste #410
                  Nashville, TN 37219
                  Tel: 615 256-8300
                  Fax: 615 255-4516
                  E-mail: slefkovitz@lefkovitz.com

Total Assets: $1.21 million

Total Liabilities: $920,556

The petition was signed by Gregory Richardson, chief manager.

A full-text copy of the petition, along with a list of five
unsecured creditors, is available for free at
http://bankrupt.com/misc/tnmb17-07377.pdf


RIVERBED TECHNOLOGY: Bank Debt Trades at 2.71% Off
--------------------------------------------------
Participations in a syndicated loan under Riverbed Technology Inc
is a borrower traded in the secondary market at 97.29
cents-on-the-dollar during the week ended Friday, October 27, 2017,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 0.36 percentage points from the
previous week. Riverbed Technology Inc pays 325 basis points above
LIBOR to borrow under the $1.585 billion facility. The bank loan
matures on April 24, 2022 and Moody's B1 rating and Standard &
Poor's B+ rating.  The loan is one of the biggest gainers and
losers among 247 widely quoted syndicated loans with five or more
bids in secondary trading for the week ended October 27.


ROSETTA GENOMICS: Receives Noncompliance Notice from NASDAQ
-----------------------------------------------------------
Rosetta Genomics Ltd. received a notification letter from the
NASDAQ Stock Market on Oct. 24, 2017, indicating that the Company's
stockholders' equity as reported in the Company's Report on Form
6-K as filed with the Securities and Exchange Commission on Oct.
10, 2017, no longer meets the minimum amount of $2,500,000 required
for continued inclusion on The NASDAQ Capital Market pursuant to
NASDAQ Listing Rule 5550(b)(1).

The Company has 45 calendar days to submit a specific plan to
NASDAQ to attempt to achieve and regain compliance with the minimum
stockholders' equity requirement.  The Company plans to submit such
a plan to NASDAQ.  There is no assurance that NASDAQ will accept
the Company's plan to satisfy the stockholders' equity requirement.
If the plan is accepted, NASDAQ may provide the Company up to 180
calendar days from the date of the notification for the Company to
regain compliance.

If, after the completion of its review, NASDAQ determines that the
Company has not presented a plan that adequately addresses the
stockholders' equity issue, NASDAQ will provide written notice that
the Company's securities will be subject to delisting from The
NASDAQ Capital Market.  In that event, the Company may appeal the
decision to a NASDAQ Hearings Panel.  In the event of an appeal,
the Company's securities would remain listed on The NASDAQ Capital
Market pending a decision by the Hearings Panel following the
hearing.

Although the Company plans to submit a compliance plan to NASDAQ
and, if accepted, will seek to demonstrate compliance within the
required time period, there is no assurance that NASDAQ will accept
the Company's compliance plan, nor that the Company could achieve
compliance with its proposed plan in the required time.

                     About Rosetta Genomics

Based in Rehovot, Israel, Rosetta Genomics Ltd. is seeking to
develop and commercialize new diagnostic tests based on a recently
discovered group of genes known as microRNAs.  MicroRNAs are
naturally expressed, or produced, using instructions encoded in DNA
and are believed to play an important role in normal function and
in various pathologies.  The Company has established a
CLIA-certified laboratory in Philadelphia, which enables the
Company to develop, validate and commercialize its own diagnostic
tests applying its microRNA technology.

Rosetta Genomics reported a net loss of US$16.23 million on US$9.23
million of total revenues for the year ended Dec. 31, 2016,
compared to a net loss of US$17.34 million on US$8.26 million of
total revenues for the year ended Dec. 31, 2015.  As of June 30,
2017, Rosetta had US$6.20 million in total assets, US$5.11 million
in total liabilities and US$1.09 million in total shareholders'
equity.

Kost Forer Gabby & Kasierer, a member of Ernst & Young Global, in
Tel-Aviv, Israel, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2016,
citing that the Company has recurring losses from operations and
has limited liquidity resources that raise substantial doubt about
its ability to continue as a going concern.


ROYAL T ENERGY: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Royal T Energy, LLC
        1704 Carriage Estates Road
        Sherman, TX 75092

Type of Business: Royal T Energy, LLC is a privately owned company

                  that provides petroleum haulage services.

Chapter 11 Petition Date: November 1, 2017

Case No.: 17-42386

Court: United States Bankruptcy Court
       Eastern District of Texas (Sherman)

Judge: Hon. Brenda T. Rhoades

Debtor's Counsel: Nathan M Johnson, Esq.
                  SPECTOR & JOHNSON, PLLC
                  12770 Coit Road, Suite 1100
                  Dallas, TX 75251
                  Tel: 972-239-4260
                  Fax: 214-237-3380
                  Email: njohnson@spectorjohnson.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $10 million to $50 million

The petition was signed by James Alexander, member-manager.

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

     http://bankrupt.com/misc/txeb17-42386_creditors.pdf

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

          http://bankrupt.com/misc/txeb17-42386.pdf


S & H ENTERPRISE: Case Summary & 8 Unsecured Creditors
------------------------------------------------------
Debtor: S & H Enterprise, LLC
        3310 Vine
        Hays, KS 67601

Type of Business: S & H Enterprise, LLC, is a privately held
                  company in Hays, Kansas that owns in fee simple
                  interest a real property located at 3310 Vine
                  Street Hays Kansas 67601 valued by the company
                  at $1.48 million.  The company's gross revenue
                  from rental income amounted to $93,475 in 2016
                  and $137,181 in 2015.

Chapter 11 Petition Date: October 31, 2017

Case No.: 17-12150

Court: United States Bankruptcy Court
       District of Kansas (Wichita)

Judge: Hon. Robert E. Nugent

Debtor's Counsel: Edward J. Nazar, Esq.
                  HINKLE LAW FIRM, LLC
                  1617 North Waterfront Parkway, Suite 400
                  Wichita, KS 67206-6639
                  Tel: 316.267.2000
                  Fax: 316.264.1518
                  E-mail: ebn1@hinklaw.com

Total Assets: $1.50 million

Total Liabilities: $1.61 million

The petition was signed by Stephen D. Weilert, owner.

A full-text copy of the petition, along with a list of eight
unsecured creditors, is available for free at
http://bankrupt.com/misc/ksb17-12150.pdf


SAGE AUTOMOTIVE: Moody's Affirms B2 CFR Following Dividend
----------------------------------------------------------
Moody's Investors Service affirmed the rating of Sage Automotive
Interiors, Inc.'s upsized first lien term loan at B2. In a related
action, Moody's affirmed Sage's Corporate Family Rating (CFR) and
Probability of Default Rating at B2 and B2-PD, respectively. The
rating outlook is stable.

Sage intends to utilize the $85 million incremental term loan under
the upsized $392.7 million first lien term loan along with cash to
pay an approximate $100 million special distribution to Sage's
shareholders, a private investment fund managed by Clearlake
Capital Group, and pay related fees and expenses.

The following ratings were affirmed:

Sage Automotive Interiors, Inc.

Corporate Family Rating, at B2;

Probability of Default Rating, at B2-PD;

Upsized $392.7 million 1st lien senior secured term loan due 2022
(includes $85 million add-on), at B2 (LGD4).

Rating outlook remains Stable

The $40 million asset based revolving credit facility is not rated
by Moody's.

RATINGS RATIONALE

The affirmation of Sage's B2 CFR reflects the high pro forma
leverage following the announced special dividend balanced by the
company's demonstrated strong top line growth supported by organic
growth and strategic acquisitions over the years. Pro forma for the
special dividend, Sage's Debt/EBITDA (including Moody's standard
adjustments) approximates 3.9x for the LTM period ending June 30,
2017. Yet, organic growth, and the acquisition of Apollo S.r.l. in
October 2016, drove Debt/EBITDA (pre dividend) to about 3x for the
LTM period. The ratings also incorporate Sage's small scale, and
North American concentration within a cyclical industry.

The transaction is credit negative as it increases debt, leverage
and cash interest expense to fund a distribution to shareholders.
The transaction follows a similar $96 million special dividend
executed in October 2016. Moody's expects U.S. automotive sales to
nominally decline about 0.6% in 2018. Yet, Sage's booked business
in 2018 should continue to support EBITA/Interest above 2x and the
company's long-standing customer relationships should support
additional opportunities for wins of re-bids on existing business
over the next several years. However, event risk is high under
private equity ownership and additional re-leveraging transactions
supporting further special dividends are likely to create negative
rating pressure.

The stable rating outlook reflects Moody's expectation that Sage
will continue to generate in excess of $30 million of free cash
flow (excluding debt-funded dividends) and that modest growth in
volume over the next 12 to 18 months as global automotive demand
plateaus will lead to slight gains in revenue and EBITDA. While
there is potential risk of strategic acquisitions and shareholder
distributions, Sage has some capacity within the metrics expected
for the rating to accommodate modestly sized transactions assuming
continued revenue and earnings growth.

Sage is expected to maintain a good liquidity profile over the next
12-15 months supported by cash on hand, positive free cash flow
generation and availability under its recently upsized $40 million
ABL revolving credit facility which matures in 2021. As of June 30,
2017, the company maintained about $35 million of cash on hand.
Moody's expects free cash flow generation in the next 12-15 months
to moderate to the low teens as percentage of debt as demand ebbs
in the company's North American market, somewhat mitigated by new
business wins. The revolving credit facility was undrawn as of June
30, 2017 with borrowing base availability for the vast majority of
the commitment amount. The facility is anticipated to remain
unfunded over the next 12-15 months. There is nominal 1% required
annual amortization under the term loan, which also contains a
maximum secured net leverage ratio. The covenant is being amended
to accommodate the additional debt for the proposed dividend and
Moody's expects ample covenant cushion. The ABL revolver contains a
springing fixed charge coverage ratio of 1.0x when excess
availability is less than 12.5% of the facility. Moody's does not
anticipate the revolver covenant will be triggered over the next 12
months and expects good EBITDA cushion within the covenant level.

The company's relatively small scale and narrow product mix are
challenges that constrain the ratings. The ratings could improve if
the company's profit levels continue to support current EBITA
margins, EBITA/interest above 3.25x, and Debt/EBITDA below 3.5x,
while meaningfully increasing scale.

The rating could be lowered if North American automobile production
levels deteriorate resulting in weakening profitability or if
consumer preferences move away from the company's product offerings
or the platforms on which it has content. A lower rating could also
arise if the EBITA margin deteriorates, EBITA/interest declines to
2x times, or if debt/ EBITDA were to approach 5x. A deterioration
in liquidity, sizable acquisitions or increasingly aggressive
financial policy could also lower the company's rating.

The principal methodology used in these ratings was Global
Automotive Supplier Industry published in June 2016.

Sage Automotive Interiors, Inc. (Sage) is a designer and
manufacturer of seat and other interior fabrics for the automotive
industry. Revenue for the LTM period ending June 30, 2017 was
approximately $454 million. Sage is majority owned by Clearlake
Capital Group.


SAMUEL EVANS WYLY: Sale of Dallas Property for $9.4M Approved
-------------------------------------------------------------
Judge Robert L. Jones of the U.S. Bankruptcy Court for the Northern
District of Texas authorized Samuel Evans Wyly's private sale of
his residential property located at 3905 Beverly Drive, Dallas,
Texas to Casa B 3905, LLC, $9,400,000.

The sale is free and clear of all liens, claims, and interests of
any kind or nature whatsoever.

The net proceeds of the sale (after deduction of brokerage
commissions, closing costs, any other customary costs, and the
proration of property taxes) will be deposited into the segregated
Debtor-in-Possession account created prior to the sale of the
Homestead under the jurisdiction of the Court, subject to the
rights and claims of all parties.  The amounts on deposit in the
segregated DIP account will not be used to pay monthly expenses as
the account was created solely for the deposit of the net proceeds
of the sale while the parties continue settlement discussions,
unless ordered otherwise by the Court.

All amounts ultimately owed to Dallas County for year 2017 ad
valorem property taxes will be paid in full at the sale closing.

Following closing of the sale, the Debtor will file a statement of
sale with the Court disclosing the material details of the sale of
the Homestead in accordance with Bankruptcy Rule 6004(f)(1).

The stay under Bankruptcy Rule 6004(h) is waived; accordingly, the
terms of the Order will take effect and be enforceable
immediately.

                         About Sam Wyly

Sam Wyly is a lifelong entrepreneur and author.  His first book,
1,000 Dollars & An Idea, is a biography that tells his story of
creating and building companies, including University Computing,
Michaels Arts & Crafts, Sterling Software, and Bonanza Steakhouse.

His second book, Texas Got It Right!, co-authored with his son,
Andrew, was gifted to roughly 450,000 students and teachers,
thought leaders, and readers, and continues to be a best-seller in
its Amazon category.

Samuel Wyly filed for Chapter 11 bankruptcy protection (Bankr.
N.D.
Tex. Case No. 14-35043) on Oct. 19, 2014, weeks after a judge
ordered him to pay several hundred million dollars in a civil
fraud
case.  In September 2014, a federal judge ordered Mr. Wyly and the
estate of his deceased brother to pay more than $300 million in
sanctions after they were found guilty of committing civil fraud
to
hide stock sales and nab millions of dollars in profits.


SEARS HOLDINGS: Draws Down Remaining $60M Under JPP Facility
------------------------------------------------------------
Sears Holdings Corporation, through Sears, Roebuck and Co., Kmart
Stores of Illinois LLC, Kmart of Washington LLC, Kmart Corporation,
SHC Desert Springs, LLC, Innovel Solutions, Inc., Sears Holdings
Management Corporation, Maxserv, Inc., Troy Coolidge No. 13, LLC,
Sears Development Co. and Big Beaver of Florida Development, LLC
(collectively, "Borrowers"), entities wholly-owned and controlled,
directly or indirectly by the Company, entered into an amendment to
the Second Amended and Restated Loan Agreement with JPP, LLC and
JPP II, LLC as lenders, pursuant to which the Borrowers drew the
remaining $60 million under the Credit Facility.

On Oct. 4, 2017, pursuant to the Amended and Restated Loan
Agreement, the Borrowers borrowed $100 million from the Lenders.
The Amended and Restated Loan Agreement also provided that, subject
to the satisfaction of certain conditions, up to an additional $100
million could be drawn by the Borrowers prior to Dec. 1, 2017.  On
Oct. 18, 2017, pursuant to the Second Amended and Restated Loan
Agreement, the Borrowers drew $40 million of such additional $100
million from the Lenders.

The $200 million aggregate loan made under the Second Amended and
Restated Loan Agreement in October 2017 matures on the later of (1)
April 23, 2018 and (2) the earlier of (x) the date the loans under
the JPP/Cascade Loan Agreement are repaid in full and (y) the
maturity date of the loans under the JPP/Cascade Loan Agreement
(including any extensions thereof in accordance with the
JPP/Cascade Loan Agreement).  All other loans under the Second
Amended and Restated Loan Agreement continue to mature on July 20,
2020.

After giving effect to the $200 million loan, the aggregate
principal amount outstanding under the Second Amended and Restated
Loan Agreement was $569.5 million.  The $200 million loan has an
annual interest rate of 11%, with accrued interest payable monthly,
and no upfront or funding fees were paid.  All of the loans under
the Second Amended and Restated Loan Agreement are guaranteed by
the Company and secured by a first lien on 76 real properties.  The
$200 million loan is also secured by a second lien on 16 real
properties owned by the Borrowers.

In connection with the $60 million draw, certain of the Borrowers
entered into a Second Amendment, dated as of Oct. 25, 2017, to the
Amended and Restated Loan Agreement, dated as of May 22, 2017, with
JPP, LLC, JPP II, LLC and Cascade Investments, L.L.C., to add a
cross-default provision and make certain other changes.

Mr. Edward S. Lampert, the Company's chief executive officer and
chairman, is the sole stockholder, chief executive officer and
director of ESL Investments, Inc., which controls JPP, LLC and JPP
II, LLC.

A full-text copy of the Second Amendment to Amended and Restated
Loan Agreement is available for free at https://is.gd/XYHVxr

                     About Sears Holdings

Sears Holdings Corporation (NASDAQ: SHLD) --
http://www.searsholdings.com/-- is an integrated retailer focused
on seamlessly connecting the digital and physical shopping
experiences to serve members.  Sears Holdings is home to Shop Your
Waytm, a social shopping platform offering members rewards for
shopping at Sears and Kmart as well as with other retail partners
across categories important to them.

The Company operates through its subsidiaries, including Sears,
Roebuck and Co. and Kmart Corporation, with more than 2,000
full-line and specialty retail stores in the United States and
Canada.

Kmart Corporation and 37 of its U.S. subsidiaries filed voluntary
Chapter 11 petitions (Bankr. N.D. Ill. Lead Case No. 02-02474) on
Jan. 22, 2002.  Kmart emerged from chapter 11 protection on May 6,
2003, pursuant to the terms of an Amended Joint Plan of
Reorganization.  Skadden, Arps, Slate, Meagher & Flom, LLP,
represented Kmart in its restructuring efforts.

Kmart bought Sears, Roebuck & Co., for $11 billion to create the
third-largest U.S. retailer, behind Wal-Mart and Target, and
generate $55 billion in annual revenues.  Kmart completed its
merger with Sears on March 24, 2005.

Sears Holdings reported a net loss of $2.22 billion on $22.13
billion of revenues for the fiscal year 2016, compared to a net
loss of $1.12 billion on $25.14 billion of revenues for the fiscal
year 2015.  As of July 29, 2017, Sears Holdings had $8.35 billion
in total assets, $12 billion in total liabilities and a total
deficit of $3.65 billion.

                          *     *     *

In January 2017, Fitch Ratings affirmed the Long-term Issuer
Default Ratings (IDR) on Sears Holdings and its various subsidiary
entities (collectively, Sears) at 'CC'.

In December 2016, that S&P Global Ratings affirmed its ratings,
including the 'CCC+' corporate credit rating, on Sears Holdings
Corp.  "We revised our assessment of Sears' liquidity to less than
adequate from adequate based on the impact of continued and
meaningful cash use and constraints on contractually committed
liquidity from cash use and incremental secured funded borrowings,"
said credit analyst Robert Schulz.  "We do not incorporate any
significant prospective asset sales or execution of strategic
alternatives for legacy hardline brands into our assessment of
committed liquidity."

In January 2017, Moody's Investors Service downgraded Sears
Holdings' corporate family rating to 'Caa2' from 'Caa1'.  Moody's
said Sears' 'Caa2' rating reflects the company's sizable operating
losses - Domestic Adjusted EBITDA was a loss of $884 million in the
latest 12 month period.


STAGEARTZ LIMITED: November 2 Plan Confirmation Hearing
-------------------------------------------------------
The Hon. Eric L. Frank of the U.S. Bankruptcy Court for the Eastern
District of Pennsylvania conditionally approved StageArtz Limited's
disclosure statement with respect to its Amended Small Business
Combined Plan of Reorganization.

The Court, however, reserves its right to rule on the adequacy on
the Debtor's proposed voting procedures and proposed voting
materials at the plan confirmation hearing, which will be held on
November 2, 2017, at 9:00 a.m.

The deadline by which ballots must be received in order to be
considered as acceptances or rejections of the Plan is fixed on
October 26, 2017, at 5:00 p.m., and the Debtor is required to file
the Report of Plan Voting on October 27.

The Court fixed November 1, 2017 as the deadline for filing and
serving written objections to the confirmation of the Plan.

                 About StageArtz Limited

StageArtz Limited is a performing arts institution which offers
private music lessons in a variety of instruments, group classes,
child development programs, and summer camps with a focus on
musical, theatrical, and performing arts.  The Debtor also hosts
musical birthday parties, team-building activities, and other
activities to entertain families, children and small groups.  The
Debtor currently employs 17 employees, including the two
owners/officers, all of whom work out of the Debtor's leased
premises located at 6 Airport Square, North Wales, Pennsylvania
19454.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D. Pa. Case No. 17-13694) on May 26, 2017,
estimating assets and liabilities of less than $1 million.

Judge Eric L. Frank presides over the case.

David B. Smith, Esq., at Smith Kane Holman, LLC, serves as the
Debtor's legal counsel.


TEXAS FLUORESCENCE: Exclusive Plan Filing Deadline Moved to Nov. 29
-------------------------------------------------------------------
Judge Tony M. Davis of the U.S. Bankruptcy Court for the Western
District of Texas extended the exclusive period during which only
Texas Fluorescence Laboratories, Inc. may file a plan to and
including November 29, 2017.

The Troubled Company Reporter has previously reported that the
Debtor asked the Court to extend the Exclusive Period and to
prohibit any other party in interest from filing a plan, unless it
has not filed a plan by November 29.

The Debtor told the Court that its management and its legal counsel
have been working diligently to formulate a plan and file a plan
prior to the expiration of its Exclusive Period. While the Debtor's
counsel have almost completed the drafting of a plan of liquidation
with disclosures, based on an offer received from Francisco Conti
-- one of the Debtor's shareholders -- to purchase substantially
all of the Debtor's assets. It has recently become apparent,
however, that the Debtor's current two-member board of directors is
not in agreement regarding several important provisions of the
plan.

The Debtor's counsel still expect to resolve such issues but doing
so will likely delay filing the plan for as much as 30 days after
the expiration of the Exclusive Period.

               About Texas Fluorescence Laboratories, Inc.

Texas Fluorescence Laboratories, Inc., a small business debtor as
defined in 11 U.S.C. Section 101(51D), develops products for
designing fluorescent and molecular probes. It develops ion
indicators, ionophores, PKC indicators, general fluorophores, and
surfactants for cell biology, biochemistry, biomolecular screening,
molecular biology, microbiology, and neuroscience. The company also
provides probes for electrophysiology, live-cell function,
receptors and ion channels, in situ hybridization, signal
transduction, and ribonucleic acid and deoxyribonucleic acid; and
pH indicators; as well as membrane potential; flow cytometry; and
custom synthesis products.  TEF Labs, Inc., is based in Austin,
Texas.

Texas Fluorescence Laboratories filed a Chapter 11 petition (Bankr.
W.D. Tex. Case No. 17-10517) on May 1, 2017. The Debtor estimated
$100,000 to $500,000 in assets and $1 million to $10 million in
liabilities. The petition was signed by Akwasi Minta, director and
officer.

The Hon. Tony M. Davis presides over the case.

B. Weldon Ponder, Jr., Esq., at B. Weldon Ponder, Jr., Attorney at
Law, serves as bankruptcy counsel to the Debtor.


TROVERCO INC: Exclusive Plan Filing Period Extended Thru Feb. 27
----------------------------------------------------------------
The Hon. Charles E. Rendlen, III of the U.S. Bankruptcy Court for
the Eastern District of Missouri, at the behest of Troverco, Inc.,
has extended the period during which the Debtor has the exclusive
right to file a plan of reorganization through February 27, 2018,
as well as the period during which the Debtor has the exclusive
right to solicit acceptances a filed plan through April 27, 2018.

As reported by the Troubled Company Reporter on October 11, 2017,
the Debtor asked the Court for an extension of the Exclusive
Periods in order to give it sufficient time to establish financial
stability.

Prior to 2015, Troverco was an integrated manufacturer and
distributor. The Debtor manufactured Landshire branded sandwiches
that it delivered through its direct store delivery ("DSD")
network.

In January 2015, the Debtor sold the Landshire manufacturing
operation, including all of Landshire's production assets, sales
resources, customer relationships, and all trade names and
intellectual property associated with the sandwich-making
operations to AdvancePierre Foods, Inc. The DSD operation was
renamed Troverco, Inc.

In connection with the AdvancePierre transaction, Troverco entered
into two separate agreements with AdvancePierre under which
Troverco agreed to continue purchasing the products it had
previously manufactured from AdvancePierre at a set price -- a
supply agreement and an earn-out agreement. Importantly, as part of
the AdvancePierre transaction, Troverco was prohibited from selling
items in certain product categories sourced from companies other
than AdvancePierre.

To date, the Debtor and AdvancePierre reached an agreement, entered
as part of an order in this case, by which AdvancePierre released
the restriction on the Debtor from sourcing product from other
suppliers. Consequently, the Debtor anticipated that sourcing
products from other suppliers will lead to meaningful increases in
its profit margins on sales, making a successful turnaround of the
company likely.

Most recently, an affiliate of the Debtor has taken steps to enter
the sandwich manufacturing market space, consistent with the
Debtor's profitable operations under the Landshire name.

Commencing in January 2018, the Debtor anticipated that it will
enjoy an added margin of 20 to 25 cents per sandwich sold on the
present volume of more than 600,00 sandwiches sold per month. The
Debtor expected that coupled with its cost reductions, this
initiative will return the Debtor to cash-flow positive
operations.

The Debtor also has obtained interim post-petition
debtor-in-possession financing that permits it to keep current on
its obligations to vendors, and navigate this case. The DIP
Financing comes from insiders of the Debtor, indicating that those
with deep knowledge of both the company and the industry believe in
the long-term success of the Debtor. The Debtor said that it is
currently in negotiations with appropriate parties in interest,
including the Committee, to obtain consent to a final order
permitting post-petition financing.

                        About Troverco Inc.

Based in Saint Louis, Missouri, Troverco Inc. --
http://www.troverco.com/-- is in the food industry specializing in
freshly prepared sandwiches and snacks for delivery to businesses.
Troverco began as a franchise in 1959 under the name Lakeshire
Sandwiches.

Troverco filed for Chapter 11 bankruptcy protection (Bankr. E.D.
Mo. Case No. 17-44474) on June 29, 2017, estimating its assets and
liabilities at between $1 million and $10 million.  The petition
was signed by Joseph E. Trover, Jr., the CEO.

Judge Charles E. Rendlen III presides over the case.  Spencer Fane
LLP and Cullen and Dykman LLP represent the Debtor as legal
counsel.  The Debtor hired Three Twenty-One Capital Partners, LLC
as financial advisor and investment banker.

On July 18, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The committee hired
Goldstein & McClintock LLLP as bankruptcy counsel and Protiviti
Inc. as financial advisor.

No trustee or examiner has been appointed in this chapter 11 case.


ULTRA PETROLEUM: Appeal from Make-whole Order Sent to 5th Circuit
-----------------------------------------------------------------
Judge Marvin Isgur of the U.S. Bankruptcy Court for the Southern
District of Texas issued a memorandum opinion in support of a
certification of a direct appeal to the U.S. Court of Appeals for
the Fifth Circuit.

Ultra Petroleum Cop., et al., seek reversal of the Court's Sept.
21, 2017, Order, and, if necessary, remand of the case for further
proceedings in accordance with governing law.

On its Sept. 21, 2017 order, the Court found that that the Debtors
failed to rebut the Noteholders' claim for post-petition interest
at the rate listed in the Note Agreement because those claims are
treated as unimpaired under the Debtors' chapter 11 plan. Paying
interest on the Make-Whole Amount at the federal judgment rate
would cause the Noteholders to be impaired. Additionally, the Court
found that section 726(a)(5) is not applicable to the Noteholders'
post-petition claims because its only application in a chapter 11
case--11 U.S.C. section ll29(a)(7)--limits only impaired claims,
not unimpaired ones.

Federal Rule of Bankruptcy Procedure 8006(f)(2)(D) requires an
examination of the relevant factors set forth in 28 U.S.C. section
158(d)(2)(A)(i)--(iii) to illustrate the reasons why a direct
appeal from the bankruptcy court to the Fifth Circuit should be
allowed.

The issue under section 158(d)(2)(A)(i) is whether this Court's
Order involves a question of law as to which there is no
controlling decision of the court of appeals for the circuit or of
the Supreme Court of the United States, or whether the order
involves a matter of public importance. In order to determine
whether the principal issues raised by the Appellant justify relief
by the Fifth Circuit, the legal question regarding claimants'
rights must be resolved.

Fifth Circuit law is unambiguous in holding that even a slight
deterioration in the rights of a claimant leaves the claimant
impaired. However, the Fifth Circuit has not addressed the issue of
whether impairment should be measured against the non-bankruptcy
state law claim or against the claim allowed under section 502.
Because that issue of law is fundamental to the appeal, it
constitutes a matter on which there is no controlling precedent
within this Circuit or the Supreme Court. Accordingly,
certification is appropriate under this subsection.

Although the parties have briefed and argued other reasons for
certification of a direct appeal under 28 U.S.C. section 158(d),
the Court sees no need to address those reasons. Section 158(d) is
disjunctive. Because a direct appeal should be authorized based on
the absence of controlling authority, the Court sees no need for
further analysis.

A full-text copy of Judge Isgur's Memorandum Opinion dated Oct. 26,
2017, is available at:

     http://bankrupt.com/misc/txsb16-32202-1665.pdf

                   About Ultra Petroleum

Houston, Texas-based Ultra Petroleum Corp. is an independent oil
and gas company engaged in the development, production, operation,
exploration, and acquisition of oil and natural gas properties.

On April 29, 2016, Ultra Petroleum Corp. and seven subsidiary
companies filed petitions (Bankr. S.D. Tex.) seeking relief under
Chapter 11 of the United States Bankruptcy Code.  The Debtors'
cases have been assigned to Judge Marvin Isgur.  These cases are
being jointly administered for procedural purposes, with all
pleadings filed in these cases will be maintained on the case
docket for Ultra Petroleum Corp. Case No. 16-32202.

Ultra Petroleum disclosed total assets of $1.28 billion and total
liabilities of $3.91 billion as of March 31, 2016.

James H.M. Sprayregen, P.C., David R. Seligman, P.C., Michael B.
Slade, Esq., Christopher T. Greco, Esq., and Gregory F. Pesce,
Esq., at Kirkland & Ellis LLP; and Patricia B. Tomasco, Esq.,
Matthew D. Cavenaugh, Esq., and Jennifer F. Wertz, Esq., at Jackson
Walker, L.L.P., serve as co-counsel to the Debtors.  

Rothschild Inc. serves as the Debtors' investment banker; Petrie
Partners serves as their investment banker; and Epiq Bankruptcy
Solutions, LLC, serves as claims and noticing agent.

On May 5, 2016, the United States Trustee for the Southern District
of Texas appointed an official committee for unsecured creditors of
all of the Debtors.  On September 26, 2016, the United States
Trustee for the Southern District of Texas filed a Notice of
Reconstitution of the UCC.  The Committee tapped Weil, Gotshal &
Manges LLP as its legal counsel; Opportune LLP as advisor; and PJT
Partners LP as its financial advisor.  

Certain other stakeholders have organized for purposes of
participating in the Debtors' chapter 11 cases: (i) on June 8,
2016, an informal ad hoc committee of unsecured creditors of
subsidiary, Ultra Resources, notified the Bankruptcy Court it had
formed and identified its members, most of which are distressed
debt investors and/or hedge funds; (ii) on June 13, 2016, an
informal ad hoc committee of the holders of senior notes issued by
the Company notified the Bankruptcy Court it had formed and
identified its members; (iii) on July 20, 2016, an informal ad hoc
committee of shareholders of the Company notified the Bankruptcy
Court it had formed and identified its members; and (iv) on January
6, 2017, an informal ad hoc committee of unsecured creditors of
subsidiary, Ultra Resources, notified the Bankruptcy Court it had
formed and identified its members, most of which are insurance
companies.

In April 2017, Ultra Petroleum successfully completed its Chapter
11 restructuring.


UTZ QUALITY: Moody's Assigns B2 CFR; Outlook Stable
---------------------------------------------------
Moody's Investors Service assigned a B2 Corporate Family Rating
(CFR) and B2-PD Probability of Default Rating to Utz Quality Foods,
LLC. Moody's also assigned a B2 (LGD 3) rating to the company's
proposed $535 million first lien term loan and a Caa1 (LGD 6)
rating to the proposed $125 million second lien term loan. The
rating outlook is stable.

Proceeds from the facilities will be used to repay existing
indebtedness, fund the buyout of Utz's minority equity partner, and
fund the acquisition of Inventure Foods, Inc. Inventure produces
potato chips, potato skins, and other snacks. Utz expects the
transactions to close in the fourth quarter of 2017. Post buyout,
Utz will be wholly owned by the Rice and Lissette families.

Moody's assigned the following ratings:

- Corporate Family Rating at B2

- Probability of Default Rating at B2-PD

- $535 million senior secured first lien term loan due 2024 at B2

   (LGD 3)

- $125 million senior secured second lien term loan due 2025 at
   Caa1 (LGD 6)

The rating outlook is stable.

RATINGS RATIONALE

Utz's B2 Corporate Family Rating reflects its relatively small
share of the salty snack market and high financial leverage. It
also reflects limited geographic and segment diversification. Over
80% of sales are to the eastern portion of the United States with
about 50% of sales derived from its potato chip business. The
rating also reflects the company's participation in the snacking
category, which has good overall growth prospects as consumers
continue to shift towards greater snacking throughout the day.

The B2 first lien term loan rating is the same as the B2 Corporate
Family Rating because the first lien term loan makes up the
preponderance of debt in the capital structure. The first lien term
loan is secured by a first lien on non-current assets, excluding
real estate. It has a second lien on current assets. The $100
million asset based revolving credit facility has a first lien on
current assets. The Caa1 second lien term loan rating is two
notches below the B2 Corporate Family Rating because of the
substantial amount of higher priority debt. The second lien term
loan is secured by a second lien on non-current assets, excluding
real estate. It has a third lien on current assets.

The ratings outlook is stable reflecting Moody's expectation that
Utz will maintain its small share of the salty snack market, that
segment diversification will remain limited, and that financial
leverage will decline but remain high.

Ratings could be downgrade if the company experiences a
deterioration in operating performance, or if the company
experiences integration issues. Additionally, a downgrade could
occur if debt to EBITDA is sustained above 6.0 times, or free cash
flow turns negative.

Ratings could be upgraded if operating performance improves, debt
to EBITDA approaches 5.0 times, and the company successfully
integrates Inventure.

Utz Quality Foods, LLC, headquartered in Hanover, PA, is a branded
salty snack producer and marketer. Key products include potato
chips, pretzels, and cheese curls. Pro forma annual revenue is over
$800 million.

The principal methodology used in these ratings was that for the
"Global Packaged Goods" industry published in January 2017.


VASARI LLC: Expects to File Plan, Keep 45 Dairy Queen Stores
------------------------------------------------------------
Vasari, LLC, a franchise owner of Dairy Queens in Texas, New Mexico
and Oklahoma, has filed for Chapter 11 bankruptcy, after recently
shutting 9 stores Texas and Oklahoma and anticipating to shut 20
more locations during the case.

Vasari, the nation's second largest franchise operator of Dairy
Queen ("DQ") brand restaurants, said its difficulties can largely
be traced to the decline in oil prices.  Many of the Debtor's DQ
locations sit in "oil country" and have been severely impacted by
the decline in oil prices due in large part to the loss of
oil-related jobs and the resulting mass exodus of residents from
areas in which the DQ locations sit.

In the bankruptcy case, the Debtor intends to quickly close certain
unprofitable DQ locations and file a plan of reorganization that
will provide for the most recovery to the Debtor's creditors.  In
addition, the Debtor intends to market certain DQ locations for
sale to other franchises and consummate sales, if sale prices are
sufficient.  The Debtor believes its bankruptcy case will avoid
further deterioration of the Debtor's business, preserve employee
jobs, and achieve maximum values for all creditors.

The Debtor owns and operates 70 Dairy Queen ("DQ") restaurants
located in Texas, New Mexico, and Oklahoma, employing 900
non-insiders, not including 20 corporate employees. Average daily
performance across the Debtor's DQ restaurants is $136,299 in net
sales and 15,500 transactions.

The Debtor is 100% owned by EMP Vasari Holding LLC, a Georgia
limited liability company.

                      No Rent Concessions

The Debtor leases the real property on which all of the DQ
locations operate as well as their corporate location from 60
landlords pursuant to several different lease agreements.  The
Leases vary in term and rental payment amounts. As of the Petition
Date, the Debtor's total payment due under the Leases on a monthly
basis is approximately $500,000.

Prepetition, the Debtor made two separate attempts to obtain rent
concessions and/or contributions toward deferred maintenance from
certain of its landlords.  The first attempt by Restaurant Retail
Group in October 2015 consisted of approaching 9 landlords and
resulted in 4 completed transactions.  In addition, in 2017,
Mastodon Ventures, Inc., sought similar relief from approximately
42 landlords.  Those efforts were unsuccessful.  Accordingly, prior
to the Petition Date, the Debtor was unable to make rental payments
under all of the Leases.

                         Store Closings

The Debtor recently closed 9 stores Texas and Oklahoma and
anticipates to shut 20 more locations during the case.

The Debtor will use the breathing spell provided by the filing of
this Bankruptcy Case to continue to analyze those stores, their
profitability, and potential remedies for their underperformance.

The closing stores are:

1. Hobbs 220 West Bender Boulevard Hobbs, New Mexico 88240
2. Raton 1630 Cedar Street Raton, New Mexico 87740
3. Clinton 720 West Gary Boulevard Clinton, Oklahoma 73601
4. Admiral 7819 East Admiral Place Admiral, Oklahoma 74115
5. Owasso 9495 North Owasso Expressway Owasso,, Oklahoma 74055
6. Crosbyton 303 West Main Street Crosbyton Texas 79322
7. Denver City 500 West Broadway Denver City, Texas 79323
8. Idalou 108 West 1st Street Idalou, Texas 79329
9. Lockney 217 So uth Main Street, Lockney, TX 79241
10. Merkel 1107 North 7th Street, Merkel, Texas 79536
11. Post 601 North Broadway Post, Texas 79356
12. Seagraves 1005 Railroad, Seagraves, Texas 79359
13. Clarendon 603 West 2nd Street, Clarendon, Texas 79226
14. Claude 298 West 1st Street, Claude, Texas 79017
15. Coleman 2000 South Commercial Avenue Coleman Texas 76834
16. Perryton 1014 South Main Street Perryton Texas 79070
17. Shamrock 1243 North Main Street Shamrock Texas 79079
18. Wellington 1010 Houston Street Wellington Texas 79095
19. Dalhart 215 Oak Avenue Dalhart Texas 79022
20. Dumas 224 S. Dumas Avenue Dumas Texas 79029
21. Gruver 200 Main Street Gruver Texas 79039
22. Haskell 211 North 1st St., Haskell, TX
23. Stratford 502 East Texas Avenue Stratford Texas 79084
24. Cedar Hill 303 West Copper Street Cedar Hill Texas 75104
25. Carrollton 3488 East Rosemead Parkway Carrollton Texas 75007
26. Waco 125 LaSalle Waco Texas 76706
27. San Augustine 1010 Nacogdoches Highway San Augustine Texas
28. Conroe 1612 North Frazier Street Conroe Texas 77301
29. Giddings 977 East Austin Street Giddings Texas 78942

The Debtor hopes filing for chapter 11 bankruptcy will help protect
more than 700 jobs at the 45 restaurants that will remain open.

                        Second Bankruptcy

This is the second time the business has sought bankruptcy
protection.  Roundtable Corporation, Food Service Holdings, Ltd.
("FSH"), and Concert Management, Ltd., the Debtor's
predecessors-in-interest to several of the DQ locations, sought
bankruptcy protection (Bankr. E.D. Tex. Lead Case NO. 12-40510) in
March 2012.  In June 28, 2012, Vasari at the time owned by other
individuals and entities unrelated to the current owner, acquired
the assets of Roundtable, et al., including 71 DQ franchises, in
exchange for $10,500,000.  After operating Vasari for approximately
18 months, EMP Vasari Holding, LLC entered into that certain
membership Interests Purchase Agreement dated December 2015,
purchasing 100% of the equity of Vasari from the prior owners.
Since that date, Vasari sold 4, closed 5, relocated 1, and opened 6
stores.

                        First Day Motions

To minimize the adverse effects on the business as a result of the
commencement of the bankruptcy case, the Debtor requests various
types of relief in certain "first-day" applications and motions.

The First-Day Motions seek authorization to (a) use cash collateral
and postpetition financing necessary for continued funding of the
Debtor's operations; (b) pay amounts needed to satisfy wages and
benefits owed to employees working at the DQ locations and at
Vasari's headquarters; (c) maintain prepetition cash management
systems necessary to ensure proper cash controls; (d) employ
Donlin, Recano & Company, Inc., as claims, noticing, and
solicitation agent for the Debtor; (e) extend the deadlines for
filing the bankruptcy schedules and statement of financial affairs;
(f) limit notice to certain entities on the Debtor's master service
list; and (g) employ TAGeX SALES, INC. ("TAG") to market,
advertise, auction, and sell certain furniture, fixtures, and
equipment of the Debtor.

A copy of the affidavit in support of the first-day motions is
available at:

   http://bankrupt.com/misc/Vasari_27_1st_Day_Affidavit1.pdf

                        About Vasari, LLC

Fort Worth, Texas-based Vasari, LLC -- http://www.vasarillc.com/--
is a franchisee of the Dairy Queen restaurant with 70 locations in
Texas, Oklahoma, and New Mexico.  The Dairy Queen restaurants serve
a normal fast-food menu featuring burgers, French fries, salads and
grilled and crispy chicken in addition to frozen treats and hot
dogs.

Vasari, LLC, sought Chapter 11 protection (Bankr. N.D. Tex. Case
No. 17-44346) on Oct. 30, 2017, with plans to close 29 locations.

The Hon. Mark X. Mullin is the case judge.

Husch Blackwell LLP is the Debtor's counsel.  The Advantage Group
Enterprise, Inc., is the auctioneer.  Donlin, Recano & Company,
Inc., is the claims agent.

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


WALTER INVESTMENT: Moody's Affirms Caa3 CFR; Outlook Negative
-------------------------------------------------------------
Moody's Investors Service has affirmed Walter Investment Management
Corp's (Walter) rating. The outlook is negative.

The following ratings were affirmed:

* Corporate Family Rating at Caa3; negative outlook

* Senior Unsecured Rating at Ca; negative outlook

* Senior Secured Bank Credit Facility Rating at Caa2; negative
outlook

RATINGS RATIONALE

On October 25, 2017, Walter disclosed that it had reached an
agreement with more than two-thirds of its secured term lenders and
more than two-thirds of its senior unsecured bond creditors to
pursue a pre-packaged bankruptcy. The company has not yet reached
an agreement with its convertible note holders as originally
contemplated under the out-of-court restructuring the company
announced it was pursuing in August. At that time, Moody's
downgraded Walter's ratings to reflect the expected loss of the
proposed restructuring.

The affirmation of Walter's ratings reflects the similar terms and
loss content of the pre-packaged bankruptcy with the out-of-court
restructuring. The pre-packaged agreement requires that only the
holding company file for bankruptcy, and not the operating
subsidiaries, a credit positive as the impact of the filing on
day-to-day operations will be more limited. The senior unsecured
debt holders will receive a $250 million secured second lien note,
modestly more than the $200 million contemplated in the
out-of-court restructuring proposal, along with $100 million
convertible preferred notes mandatorily convertible into 73% of
Walter's common stock. Finally convertible bond holders will
receive a small portion of the equity in the proposed pre-packaged
bankruptcy. The company must commence the Chapter 11 bankruptcy by
November 30, 2017 per the agreement.

The company has made progress in its restructuring negotiations.
However, the negative outlook reflects the lack of an agreement
with the convertible bondholders as well as a small percent of
secured term lenders and senior unsecured bondholders. In addition,
the negative outlook reflects the uncertainty around a bankruptcy
filing including that the bankruptcy might be extended or that the
operating companies might also file for bankruptcy.

The Caa2 rating of the senior secured bank credit facility and the
Ca rating of the senior unsecured debt reflects Moody's notching
analysis which incorporates their priority of claim and strength of
asset coverage.

An upgrade is unlikely until restructuring negotiations are
completed. Upon completion, Walter's Corporate Family could be
upgraded if the restructuring, including any bankruptcy filing, is
completed quickly and follows or is better than the contours of the
current restructuring proposal. Assuming the senior unsecured
bondholders receive a newly issued secured second lien note as
proposed, the ratings on the existing senior unsecured notes will
be withdrawn. It is unlikely that Walter's senior secured term loan
ratings will be upgraded until the company is able to achieve
sustainable profitability along with improved leverage metrics.

The ratings could be downgraded if the terms of the restructuring
are revised in a way that worsens senior secured and senior
unsecured lenders' expected loss. In addition, the ratings could be
downgraded if the operating subsidiaries file for bankruptcy, if
the bankruptcy proceedings last for an extended period of time or
if the company's financial performance worsens over the next 12-18
months.

The principal methodology used in these ratings was Finance
Companies published in December 2016.


WARWICK YARD: DLA Seeks Appointment of Chapter 11 Trustee
---------------------------------------------------------
Warwick Valley DLA, L.L.C. filed with the U.S. Bankruptcy Court for
the Southern District of New York a cross-motion for an entry of an
order appointing a chapter 11 trustee in the chapter 11 bankruptcy
case of The Warwick Yard LLC.

On or about Oct. 2, 2017, the Debtor filed Debtor's Motion for the
Appointment of an Examiner. The Examiner Motion seeks appointment
of an examiner to investigate and report on the actions of MAAA
LLC, a member of Ocyard, LLC, and Anthony Abbatine, a member of
MAAA. Ocyard is the Debtor's sole member. The Examiner Motion
alleges that MAAA and Mr. Abbatine have breached fiduciary duties
to the Debtor and breached the Debtor and Ocyard's operating
agreements, and requests appointment of an examiner to, inter alia,
"discover causes of action [against MAAA and Mr. Abbatine] for
fraud, theft, embezzlement or other acts of self-dealing and
breaches of fiduciary duties owed to the Debtor."

The section 341 meeting of creditors was held on Oct. 3, 2017 at
1:30 p.m. at the Office of the United States Trustee. During the
341 Meeting, Mark Goldstein and Oliver Papraniku -- the members of
DEMS Partners, LLC, majority member of the Debtor -- each testified
on behalf of the Debtor. Messrs. Goldstein and Papraniku testified
to the general chaos in the Debtor's operations.

DLA seeks the appointment of a chapter 11 trustee because it is
clear that the Debtor lacks control over its own books and records.
Mr. Goldstein testified at the 341 Meeting that, notwithstanding
the allegations of fraud, mismanagement and embezzlement against
Mr. Abbatine, he and Mr. Papraniku have no ability to limit Mr.
Abbatine's access to the Debtors books and records and/or bank
accounts and Mr. Abbatine has full access to the Debtor's operating
funds. In addition, Mr. Goldstein testified that Mr. Abbatine has
not properly accounted for tournament revenue, suggesting theft of
those funds. Compounding this problem is the claim that the Debtor
does not have access to its own books and records, and have
therefore not prepared monthly operating reports.

Testimony of the Debtor's representative at the 341 Meeting also
makes clear that the Debtor is mismanaged, and Mr. Goldstein has
repeatedly made allegations of dishonesty, theft, and embezzlement
by Mr. Abbatine. Messrs. Goldstein and Papraniku have now conceded
an inability to control Mr. Abbatine and/or restrict access to the
Debtor's books and records and/or resources, and Mr. Abbatine --
the alleged wrongdoer -- has unfettered access to all of the
Debtor's revenue. For these reasons alone, there are grave doubts
about whether the Debtor is being properly managed in the interests
of the Debtor's creditors, appointment of a chapter 11 trustee is
appropriate "for cause" pursuant to section 1104(a) of the
Bankruptcy Code.

The admissions of self-interest by the Debtor's majority holders
likewise justify appointment of a chapter 11 trustee. Mr. Papraniku
stated they are considering only those restructuring options that
preserve their investment in the real property and their equity in
the Debtor's business. Thus, to date, the Debtor has not developed
any real process for reorganization and it is unlikely that offers
like those attached to the Velocci Certification as Exhibit A will
be seriously considered by the Debtor because it results in an
outright sale. This blatant self-interest offers the Court an
independent basis for appointment of a chapter 11 trustee under
section 1104(a) of the Bankruptcy Code.

A full-text copy of DLA's Cross-Motion is available at:

     http://bankrupt.com/misc/nysb17-36103-47.pdf

Counsel for Warwick Valley DLA, L.L.C.:

     Frank F. Velocci
     DRINKER BIDDLE & REATH LLP
     1177 Avenue of the Americas
     41st Floor
     New York, New York 10036-2714
     Telephone: (212) 248-3140
     Facsimile: (212) 248-3141

                  About The Warwick Yard

The Warwick Yard is a New York limited liability company that
operates a sports complex, which has open fields and covered dome
field for rent to sports teams, and charges on a per use basis.
Warwick Yard's only asset is the real property located at 120 State
School Road, Warwick, New York 10990, which has been valued at
approximately $5 million.

The Warwick Yard filed a Chapter 11 petition (Bankr. S.D.N.Y. Case
No. 17-36103) on June 28, 2017. The petition was signed by Mark
Goldstein, its member and manager.

The case is assigned to Judge Cecelia G. Morris.  Brian K. Condon,
Esq. at Condon & Associates, PLLC represents the Debtor.

The Debtor estimates $1 million to $10 million in assets and
liabilities.

No official committee of unsecured creditors has been appointed.


WESTINGHOUSE ELECTRIC: Toshiba Must Modify Confidentiality Order
----------------------------------------------------------------
On August 8, 2017, Judge Michael E. Wiles of the U.S. Bankruptcy
Court for the Southern District of New York entered a Consent
Order, in a form and substance agreed to by Toshiba Corporation,
the Statutory Unsecured Claimholders' Committee and other parties,
that authorized the UCC to issue deposition and document subpoenas
to Toshiba and its affiliates, present and former directors,
officers, employees and professionals pursuant to Rule 2004.

By a further consent motion, Toshiba and the UCC now seek the entry
of a Confidentiality Order that will govern documents and
information that Toshiba produces to the UCC during the course of
the agreed-upon Rule 2004 discovery. The proposed Confidentiality
Order contains certain familiar provisions regarding the treatment
of information designated as "Confidential" or as "Advisors' Eyes
Only," along with procedures that allow the UCC to challenge such
designations.

At a hearing on Oct. 18, 2017, the Court asked for further
clarification as to what the parties intend. The parties informed
the Court that they did not intend to modify the standards that
would apply in the event a governmental entity were to seek access
to materials provided by Toshiba to the UCC, and that they were not
asking the Court to "prejudge" the question of whether a
governmental entity would have access to such materials. However,
the parties have made clear that they do intend that any request
for modification of the Confidentiality Order to obtain materials
for use in other proceedings be subject to the ordinary standard
applied in this Circuit, which is that a party seeking such a
modification must show "extraordinary circumstance or special
need."

It is important that the UCC have access to documents and other
information from Toshiba in connection with the tasks the UCC must
perform in these cases. Agreements that limit the use of such
materials to these bankruptcy cases are ordinary and proper, and
Toshiba is entitled to such assurances. However, the Court will not
pre-judge possible future requests for access to such materials and
will not foreclose parties from making requests to modify the
Confidentiality Order in accordance with applicable Second Circuit
standards. The proposed Confidentiality Order will be modified to
make that clear.

A full-text copy of Judge Wiles Decision dated Oct. 27, 2017, is
available at:

     http://bankrupt.com/misc/nysb17-10751-1639.pdf

               About Westinghouse Electric

Westinghouse Electric Company LLC --
http://www.westinghousenuclear.com/-- is a U.S. based nuclear
power company founded in 1999 that provides design work and
start-up help for new nuclear power plants and makes many of the
components.  Westinghouse manufactures and supplies the commercial
fuel products needed to run the plants, and it offers training,
engineering, maintenance, and quality management services.  Almost
50% of nuclear power plants around the world and about 60% of U.S.
plants are based on Westinghouse's technology.  Westinghouse's
world headquarters are located in the Pittsburgh suburb of
Cranberry Township, Pennsylvania.

On Oct. 16, 2006, Westinghouse Electric was sold for $5.4 billion
to a group comprising of Toshiba (77% share), partners The Shaw
Group (20% share), and Ishikawajima-Harima Heavy Industries Co.
Ltd. (3% share).  After purchasing part of Shaw's stake in 2013,
Japan-based conglomerate Toshiba obtained ownership of 87% of
Westinghouse.

Amid cost overruns at U.S. nuclear reactors it was building,
Westinghouse Electric Company LLC, along with 29 affiliates, filed
voluntary petitions for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 17-10751) on March 29,
2017.  The petitions were signed by AlixPartners' Lisa J. Donahue,
chief transition and development officer.

The Debtors disclosed total assets of $4.32 billion and total
liabilities of $9.39 billion as of Feb. 28, 2017.

The Hon. Michael E. Wiles presides over the cases.

Weil, Gotshal & Manges LLP serves as counsel to the Debtors.  The
Debtors hired AlixPartners LLP as financial advisor; PJT Partners
Inc. as investment banker; Kurtzman Carson Consultants LLC as
claims and noticing agent; K&L Gates as special counsel; and KPMG
LLP as tax consultant and accounting and financial reporting
advisor.

Toshiba Nuclear Energy Holdings (UK) Ltd. is represented by Albert
Togut, Esq., Brian F. Moore, Esq., and Kyle J. Ortiz, Esq., at
Togut, Segal & Segal LLP.

On April 7, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  Proskauer Rose LLP is
the committee's bankruptcy counsel, and Houlihan Lokey Capital,
Inc. serves as its investment banker.

The Board of Directors of Westinghouse appointed a special panel
called the U.S. AP1000 Committee to oversee the company's
activities related to certain AP1000 nuclear plants located in
Georgia and South Carolina.


XFS INVESTMENTS: Case Summary & Unsecured Creditor
--------------------------------------------------
Debtor: XFS Investments, LLC
        13389 Folsom Blvd., Suite 300-172
        Folsom, CA 95630

Chapter 11 Petition Date: October 31, 2017

Case No.: 17-27184

Court: United States Bankruptcy Court
       Eastern District of California (Sacramento)

Judge: Hon. Christopher D. Jaime

Debtor's Counsel: Steven W. Shumway, Esq.
                  LAW OFFICE OF W. STEVEN SHUMWAY
                  3400 Douglas Blvd., Suite 250
                  Roseville, CA 95661
                  Tel: 916-789-8821
   
Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by David Gruebele, manager.

The Debtor lists Ocwen Loan Servicing as its sole unsecured
creditor holding a claim of $1.32 million.

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

           http://bankrupt.com/misc/caeb17-27184.pdf


Y&K SUN: Jeffrey Weinman Appointed as Chapter 11 Trustee
--------------------------------------------------------
Judge Michael E. Romero of the U.S. Bankruptcy Court for the
District of Colorado approved the appointment of Jeffrey A. Weinman
as Chapter 11 Trustee in the case of Y&K Sun, Inc.

                           About Y&K Sun

Y&K Sun, Inc., sought Chapter 11 protection (Bankr. D. Colo. Case
No. 16-14761) on May 12, 2016.  The case judge is Hon. Howard R.
Tallman.  The Debtor is represented by Andrew D. Johnson, Esq., at
Oonsager Guyerson Fletcher Johnson.  The Debtor estimated  $1
million to $10 million in assets and debt.



[*] Fischer Enterprises Expands Investment Opportunities
--------------------------------------------------------
After successful acquisitions of Dippin' Dots and Doc Popcorn,
Fischer Enterprises, L.L.C. is planning to broaden its portfolio,
honing in on food segment opportunities.

In addition to overseeing Fischer Enterprises L.L.C., Scott
Fischer, also serves as the CEO for Dippin' Dots and Doc Popcorn.
Fischer acquired Dippin' Dots in May 2012 after its high-profile
bankruptcy and has since guided the leader of flash-frozen beaded
ice cream and frozen treats to achieve the highest sales volume in
its nearly 30-year history.  The brand has also experienced
double-digit growth for the past three years by focusing on account
development and retention, strong franchise sales and expanded
distribution to entertainment venues and third-party retail
outlets.

In 2014, Fischer Enterprises acquired Doc Popcorn, the largest
popcorn franchise in the U.S., which bolstered its portfolio of
food and snack brands.  Since then, Doc Popcorn expanded
internationally into Chile and Oman and opened more than 40
individual Doc Popcorn and Dippin' Dots and Doc Popcorn co-branded
locations.

"After realizing the rapid uptick in gross annual retail sales
through Dippin' Dots, we were eager to take on additional
opportunities that allowed us to expand," said Fischer.  "Seeing
the synergy and prosperity Doc Popcorn has had through our
procurement, we are continuing to look for opportunities for
capital infusions in new market segments to further our growth.  We
have our sights set on strategic opportunities in the food segment
specifically due to the upward growth trends in the category."

Fischer adds, "We are seeing the dust settle across the U.S.
following the 2008 economic downturn.  This has opened interesting
and attractive opportunities in the A&D segment for deliberate
investments and acquisitions that are culturally supportive to the
sustainability of our goals at Fischer Enterprises."

Fischer Enterprises is exploring investment opportunities with
brands in the food segment that range in annual revenue between $5
million and $50 million.

                About Fischer Enterprises, L.L.C.

Fischer Enterprises, L.L.C. is a privately held investment firm
that works as an investment vehicle into financial institutions and
other private companies.  Founded in 2006 in Oklahoma City, its
broad ranging investments include real estate development and
several gourmet food companies such as Dippin' Dots, the original
beaded ice cream; and Doc Popcorn, the largest popcorn franchise in
the U.S. Fischer Enterprises is actively exploring investment
opportunities to fund in the food segment.


[^] Recent Small-Dollar & Individual Chapter 11 Filings
-------------------------------------------------------
In re Donald Bryce Evans
   Bankr. S.D. Ala. Case No. 17-04010
      Chapter 11 Petition filed October 20, 2017
         represented by: Robert M. Galloway, Esq.
                         GALLOWAY WETTERMARK EVEREST & RUTENS, LLP
                         E-mail: bgalloway@gallowayllp.com

In re David W. Nyberg
   Bankr. D. Conn. Case No. 17-31599
      Chapter 11 Petition filed October 20, 2017
         represented by: Joseph J. D'Agostino, Jr., Esq.
                         E-mail: joseph@lawjjd.com

In re David Alan Newton and JoniAnn Marie Newton
   Bankr. M.D. Fla. Case No. 17-08866
      Chapter 11 Petition filed October 20, 2017
         represented by: Sheila D Norman, Esq.
                         LAW OFFICES OF NORMAN AND BULLINGTON
                         E-mail: sheila@normanandbullington.com

In re Charles W. Fuqua, II and Ruth A. Fuqua
   Bankr. C.D. Ill. Case No. 17-91140
      Chapter 11 Petition filed October 20, 2017
         represented by: Roy Jackson Dent, Esq.
                         DENT LAW OFFICE, LTD.
                         E-mail: roy.jackson.dent@gmail.com

In re Marie's Family Healthcare & Sitter Services, Inc.
   Bankr. W.D. La. Case No. 17-31785
      Chapter 11 Petition filed October 20, 2017
         See http://bankrupt.com/misc/lawb17-31785.pdf
         represented by: J. Garland Smith, Esq.
                         J. GARLAND SMITH & ASSOCIATES
                         E-mail: jgarlandsmith@yahoo.com

In re Shah Deen
   Bankr. D.N.J. Case No. 17-31314
      Chapter 11 Petition filed October 20, 2017
         represented by: David L. Stevens, Esq.
                         SCURA, WIGFIELD, HEYER & STEVENS
                         E-mail: dstevens@scuramealey.com

In re Clarence L. Gibbs, Jr.
   Bankr. E.D.N.C. Case No. 17-05163
      Chapter 11 Petition filed October 21, 2017
         represented by: Danny Bradford, Esq.
                         PAUL D. BRADFORD, PLLC
                         E-mail: dbradford@bradford-law.com

In re William Tuma
   Bankr. S.D. Cal. Case No. 17-06388
      Chapter 11 Petition filed October 22, 2017
         represented by: Vikrant Chaudhry, Esq.
                         VC LAW GROUP, LLP
                         E-mail: vik@thevclawgroup.com

In re Blackcreek Farm LLC
   Bankr. N.D.N.Y. Case No. 17-31422
      Chapter 11 Petition filed October 22, 2017
         See http://bankrupt.com/misc/nynb17-31422.pdf
         represented by: Mary Lannon Fangio, Esq.
                         WHITELAW & FANGIO
                         E-mail: mary@fangiolaw.com

In re Red Booth, Inc.
   Bankr. C.D. Cal. Case No. 17-22975
      Chapter 11 Petition filed October 23, 2017
         See http://bankrupt.com/misc/cacb17-22975.pdf
         represented by: Sandford L. Frey, Esq.
                         LEECH TISHMAN FUSCALDO & LAMPL, INC.
                         E-mail: sfrey@leechtishman.com

In re Cascade Foods LLC
   Bankr. N.D. Ga. Case No. 17-68487
      Chapter 11 Petition filed October 23, 2017
         See http://bankrupt.com/misc/ganb17-68487.pdf
         represented by: Kenneth Mitchell, Esq.
                         GIDDENS, MITCHELL & ASSOCIATES, P.C.
                         E-mail: gmapclaw1@gmail.com

In re A Taste Of Mao Inc.
   Bankr. E.D.N.Y. Case No. 17-45496
      Chapter 11 Petition filed October 23, 2017
         See http://bankrupt.com/misc/nyeb17-45496.pdf
         represented by: Lawrence Morrison, Esq.
                         MORRISON TENENBAUM PLLC
                         E-mail: lmorrison@m-t-law.com

In re Jasvinder Kaur
   Bankr. E.D.N.Y. Case No. 17-45498
      Chapter 11 Petition filed October 23, 2017
         represented by: Alla Kachan, Esq.
                         LAW OFFICES OF ALLA KACHAN, P.C.
                         E-mail: alla@kachanlaw.com

In re JM Doucette LLC
   Bankr. W.D.N.Y. Case No. 17-12286
      Chapter 11 Petition filed October 23, 2017
         See http://bankrupt.com/misc/nywb17-12286.pdf
         represented by: Matthew Allen Lazroe, Esq.
                         LAW OFFICE OF MATTHEW A. LAZROE
                         E-mail: lazroebankruptcy@gmail.com

In re Jobs for Babcock I, LLC
   Bankr. W.D.N.Y. Case No. 17-12293
      Chapter 11 Petition filed October 23, 2017
         See http://bankrupt.com/misc/nywb17-12293.pdf
         represented by: James M. Joyce, Esq.
                         E-mail: jmjoyce@lawyer.com

In re William E Robinson
   Bankr. M.D. Pa. Case No. 17-04408
      Chapter 11 Petition filed October 23, 2017
         represented by: Robert E. Chernicoff, Esq.
                         CUNNINGHAM AND CHERNICOFF PC
                         E-mail: rec@cclawpc.com

In re Luis Felipe Hernandez Santana and Nora Ivette Lopez
Rodriguez
   Bankr. D.P.R. Case No. 17-06569
      Chapter 11 Petition filed October 23, 2017
         represented by: Gloria Justiniano Irizarry, Esq.
                         JUSTINIANO'S LAW OFFICE
                         E-mail: justinianolaw@gmail.com

In re Jobs for Babcock II, LLC
   Bankr. W.D.N.Y. Case No. 17-12296
      Chapter 11 Petition filed October 24, 2017
         See http://bankrupt.com/misc/nywb17-12296.pdf
         represented by: James M. Joyce, Esq.
                         E-mail: jmjoyce@lawyer.com

In re Two Bar O Country Store, Inc.
   Bankr. D. Ariz. Case No. 17-12618
      Chapter 11 Petition filed October 24, 2017
         represented by: Charles R. Hyde, Esq.
                         LAW OFFICES OF C.R. HYDE
                         E-mail: crhyde@gmail.com

In re Blossom Park Condominium Association, Inc.
   Bankr. M.D. Fla. Case No. 17-06803
      Chapter 11 Petition filed October 24, 2017
         represented by: Roman V Hammes, Esq.
                         ROMAN V. HAMMES, P.L
                         E-mail: roman@romanvhammes.com

In re Lesel Love, Jr.
   Bankr. S.D. Fla. Case No. 17-22850
      Chapter 11 Petition filed October 24, 2017
         represented by: David C. Rubin, Esq.
                         E-mail: david3051@aol.com

In re Bella Rose Skin Care PLLC
   Bankr. E.D. Mich. Case No. 17-22144
      Chapter 11 Petition filed October 24, 2017
         See http://bankrupt.com/misc/mieb17-22144.pdf
         represented by: Adam Daniel Bruski, Esq.
                         WARNER NORCROSS & JUDD LLP
                         E-mail: abruski@wnj.com

In re Armand M. Kranick and Anne G. Kranick
   Bankr. E.D.N.C. Case No. 17-05215
      Chapter 11 Petition filed October 24, 2017
         represented by: Danny Bradford, Esq.
                         PAUL D. BRADFORD, PLLC
                         E-mail: dbradford@bradford-law.com

In re Gen-Kal Pipe & Steel Corp
   Bankr. D.N.J. Case No. 17-31527
      Chapter 11 Petition filed October 24, 2017
         See http://bankrupt.com/misc/njb17-31527.pdf
         represented by: Lee Martin Perlman, Esq.
                         LEE M. PERLMAN
                         E-mail: ecf@newjerseybankruptcy.com

In re Brisco Properties LLC
   Bankr. E.D.N.Y. Case No. 17-76547
      Chapter 11 Petition filed October 24, 2017
         See http://bankrupt.com/misc/nyeb17-76547.pdf
         Filed Pro Se

In re Jing Yao and Shuang Chen
   Bankr. E.D. Va. Case No. 17-13609
      Chapter 11 Petition filed October 24, 2017
         represented by: Craig M. Palik, Esq.
                         MCNAMEE, HOSEA, JERNIGAN, KIM, & ET AL
                         E-mail: cpalik@mhlawyers.com

In re 4720 E Burning Tree LLC
   Bankr. D. Ariz. Case No. 17-12722
      Chapter 11 Petition filed October 25, 2017
         See http://bankrupt.com/misc/azb17-12722.pdf
         represented by: Bryan Wayne Goodman, Esq.
                         GOODMAN & GOODMAN, PLC
                         E-mail: bwg@goodmanadvisor.com

In re Crepes Du Monde Inc.
   Bankr. N.D. Cal. Case No. 17-31075
      Chapter 11 Petition filed October 25, 2017
         See http://bankrupt.com/misc/canb17-31075.pdf
         represented by: Marc Voisenat, Esq.
                         LAW OFFICES OF MARC VOISENAT
                         E-mail: voisenatecf@gmail.com

In re Lawrence E. Crovo
   Bankr. D. Mass. Case No. 17-13987
      Chapter 11 Petition filed October 25, 2017
         represented by: Thomas W. Fothergill, Esq.
                         LAW OFFICES OF THOMAS W. FOTHERGILL
                         E-mail: ThomasFothergill@msn.com

In re Donald Andrew Driggs
   Bankr. D. Minn. Case No. 17-43213
      Chapter 11 Petition filed October 25, 2017
         represented by: Joseph W. Dicker, Esq.
                         JOSEPH W. DICKER PA
                         E-mail: joe@joedickerlaw.com

In re Richard Young
   Bankr. N.D. Miss. Case No. 17-14065
      Chapter 11 Petition filed October 25, 2017
         represented by: Craig M. Geno, Esq.
                         LAW OFFICES OF CRAIG M. GENO, PLLC
                         E-mail: cmgeno@cmgenolaw.com

In re Yehia Osman
   Bankr. S.D. Miss. Case No. 17-52099
      Chapter 11 Petition filed October 25, 2017
         represented by: William J. Little, Jr., Esq.
                         LENTZ & LITTLE, P.A.
                         E-mail: ecf@lentzlittle.com

In re JKI IV, Inc.
   Bankr. D.N.J. Case No. 17-31642
      Chapter 11 Petition filed October 25, 2017
         See http://bankrupt.com/misc/njb17-31642.pdf
         represented by: Nella M. Bloom, Esq.
                         BIELLI & KLAUDER LLC
                         E-mail: nbloom@bk-legal.com

In re ONE 21 Street Corporation
   Bankr. E.D.N.Y. Case No. 17-45520
      Chapter 11 Petition filed October 25, 2017
         See http://bankrupt.com/misc/nyeb17-45520.pdf
         represented by: Randall S. D. Jacobs, Esq.
                         RANDALL S. D. JACOBS, PLLC
                         E-mail: rsdjacobs@chapter11esq.com


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
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On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
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Monthly Operating Reports are summarized in every Saturday edition
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The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
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